Document:

EXHIBIT 4.1

 

EXECUTION VERSION

 

 

 

WEATHERFORD INTERNATIONAL LTD.,

a Bermuda exempted company,

 

as Issuer,

 

WEATHERFORD INTERNATIONAL PLC,

an Irish public limited company,

 

as Parent Guarantor,

 

WEATHERFORD INTERNATIONAL, LLC,

a Delaware limited liability company,

 

as Subsidiary Guarantor,

 

THE OTHER GUARANTORS PARTY HERETO,

 

as Subsidiary Guarantors,

 

and

 

WILMINGTON TRUST, NATIONAL ASSOCIATION,

 

as Trustee and Collateral Agent

 

INDENTURE

 

dated as of September 30, 2021

 

 

 

6.500% Senior Secured First Lien Notes due 2028

 

 

    	 	 	 

     

    

table of
contents

 

Article
One

DEFINITIONS AND OTHER PROVISIONS

OF GENERAL APPLICATION

 

	Section 101.	Definitions	1
	Section 102.	Compliance Certificates and Opinions	42
	Section 103.	Form of Documents Delivered to Trustee	42
	Section 104.	Acts of Holders; Record Dates; Majority Holders	43
	Section 105.	Notices, Etc., to Trustee, Issuer and Guarantors	45
	Section 106.	Notice to Holders; Waiver	45
	Section 107.	Trust Indenture Act	46
	Section 108.	Effect of Headings and Table of Contents	46
	Section 109.	Successors and Assigns	46
	Section 110.	Separability Clause	46
	Section 111.	Benefits of Indenture	46
	Section 112.	Governing Law; Jury Trial Waiver; Submission to Jurisdiction	46
	Section 113.	Legal Holidays	48
	Section 114.	No Personal Liability of Directors, Officers, Employees and Shareholders	48
	Section 115.	No Adverse Interpretation of Other Agreements	48
	Section 116.	U.S.A. PATRIOT Act	48
	Section 117.	Payment in Required Currency; Judgment Currency	48
	Section 118.	Language of Notices, Etc	49
	Section 119.	Counterpart Originals	49

 

Article
Two

NOTE FORMS

	Section 201.	Forms Generally	49
	Section 202.	Legends for Notes	50
	Section 203.	Global Notes	52

 

Article
Three

THE NOTES

 

	Section 301.	Title and Terms	52
	Section 302.	Denominations	53
	Section 303.	Execution, Authentication, Delivery and Dating	53
	Section 304.	Temporary Notes	53
	Section 305.	Registrar, Global Notes and Definitive Notes	54
	Section 306.	Mutilated, Destroyed, Lost and Stolen Notes	56
	Section 307.	Payment of Interest; Interest Rights Preserved	57
	Section 308.	Persons Deemed Owners	57
	Section 309.	Cancellation	58
	Section 310.	Computation of Interest	58
	Section 311.	Transfer and Exchange	58
	Section 312.	When Securities Disregarded	60
	Section 313.	Calculation of Specified Percentage of Notes	61

 

    	 	 -ii-	 

     

    

 

	Section 314.	Issuance of Additional Notes.	61

 

Article
Four

SATISFACTION AND DISCHARGE

 

	Section 401.	Satisfaction and Discharge of Indenture	62
	Section 402.	Application of Trust Money	63

 

Article
Five

REMEDIES

 

	Section 501.	Events of Default	63
	Section 502.	Acceleration of Maturity; Rescission and Annulment	66
	Section 503.	Collection of Indebtedness and Suits for Enforcement by Trustee	68
	Section 504.	Trustee May File Proofs of Claim	68
	Section 505.	Trustee May Enforce Claims Without Possession of Notes	68
	Section 506.	Application of Money Collected	69
	Section 507.	Limitation on Suits	69
	Section 508.	Unconditional Right of Holders to Receive Principal, Premium and Interest	70
	Section 509.	Restoration of Rights and Remedies	70
	Section 510.	Rights and Remedies Cumulative	70
	Section 511.	Delay or Omission Not Waiver	70
	Section 512.	Control by Holders	70
	Section 513.	Waiver of Existing Defaults	71
	Section 514.	Undertaking for Costs	71
	Section 515.	Waiver of Usury, Stay or Extension Laws	71
	Section 516.	Subject to Intercreditor Agreements	72

 

Article
Six

THE TRUSTEE

 

	Section 601.	Certain Duties and Responsibilities	72
	Section 602.	Notice of Defaults	73
	Section 603.	Certain Rights of Trustee	73
	Section 604.	Not Responsible for Recitals or Issuance of Notes	75
	Section 605.	May Hold Notes	75
	Section 606.	Money Held in Trust	75
	Section 607.	Compensation and Reimbursement	75
	Section 608.	Reserved.	76
	Section 609.	Corporate Trustee Required; Eligibility	76
	Section 610.	Resignation and Removal; Appointment of Successor	76
	Section 611.	Acceptance of Appointment by Successor	78
	Section 612.	Merger, Conversion, Consolidation or Succession to Business	78
	Section 613.	Reserved.	78
	Section 614.	Appointment of Authenticating Agent	78
	Section 615.	Collateral Documents.	80

 

    	 	 -iii-	 

     

    

 

Article
Seven

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND ISSUER

 

	Section 701.	Issuer to Furnish Trustee Names and Addresses of Holders	80
	Section 702.	Preservation of Information; Communications to Holders	80
	Section 703.	Reports by the Issuer.	81

 

Article
Eight

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

 

	Section 801.	Issuer and Guarantors May Consolidate, Etc., Only on Certain Terms	81
	Section 802.	Successor Substituted	82

 

Article
Nine

SUPPLEMENTAL INDENTURES

 

	Section 901.	Supplemental Indentures Without Consent of Holders	83
	Section 902.	Supplemental Indentures With Consent of Holders	84
	Section 903.	Execution of Supplemental Indentures.	85
	Section 904.	Effect of Supplemental Indentures.	86
	Section 905.	Reserved.	86
	Section 906.	Reference in Notes to Supplemental Indentures.	86

 

Article
Ten

COVENANTS

 

	Section 1001.	Payment of Principal, Premium and Interest	86
	Section 1002.	Maintenance of Office or Agency	86
	Section 1003.	Money for Notes Payments to Be Held in Trust	87
	Section 1004.	Annual Compliance Certificate; Statement by Officers as to Default	88
	Section 1005.	Existence	88
	Section 1006.	Limitation on Designation of Unrestricted Subsidiaries	89
	Section 1007.	Purchase of Notes Upon a Change of Control	90
	Section 1008.	Limitation on Additional Indebtedness	92
	Section 1009.	Limitation on Restricted Payments	96
	Section 1010.	Limitation on Liens	99
	Section 1011.	Limitation on Dividends and Other Restrictions Affecting Restricted Subsidiaries	101
	Section 1012.	Limitation on Asset Sales	104
	Section 1013.	Limitation on Affiliate Transactions	106
	Section 1014.	Additional Guarantees	108
	Section 1015.	[Reserved]	109
	Section 1016.	Maintenance of Ratings	109
	Section 1017.	Collateral; After-Acquired Property.	109
	Section 1018.	No Impairment of the Security Interests.	111
	Section 1019.	Swiss Use of Proceeds.	111

 

Article
Eleven

REDEMPTION OF NOTES

 

	Section 1101.	Applicability of Article	111
	Section 1102.	Election to Redeem; Notice to Trustee	111

 

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	Section 1103.	Optional Redemption	112
	Section 1104.	Selection by Trustee of Notes to Be Redeemed	113
	Section 1105.	Notice of Redemption	114
	Section 1106.	Deposit of Redemption Price	115
	Section 1107.	Notes Payable on Redemption Date	115
	Section 1108.	Notes Redeemed in Part	116

 

Article
Twelve

SINKING FUND; OTHER ACQUISITIONS OF NOTES

 

	Section 1201.	Mandatory Redemption, Etc.	116

 

Article
Thirteen

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

 

	Section 1301.	Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance	116
	Section 1302.	Defeasance and Discharge	116
	Section 1303.	Covenant Defeasance	117
	Section 1304.	Conditions to Legal Defeasance or Covenant Defeasance	117
	Section 1305.	Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions	118
	Section 1306.	Reinstatement	119

 

Article
Fourteen

GUARANTEES

 

	Section 1401.	Unconditional Guarantee	119
	Section 1402.	Subsidiary Guarantee Evidenced by Indenture	122
	Section 1403.	Limitation on Guarantors’ Liability	122
	Section 1404.	Release of Guarantors from Guarantees	122
	Section 1405.	Guarantor Contribution	124
	Section 1406.	[Reserved]	124
	Section 1407.	Luxembourg Limitations	124
	Section 1408.	Norwegian Limitations.	125
	Section 1409.	Irish Limitations.	126
	Section 1410.	Swiss Financial Assistance.	126
	Section 1411.	Parallel Debt.	128
	Section 1412.	Dutch Covenants.	129
	Section 1413.	German Limitation of Liability.	129
	Section 1414.	English Law Limitations.	132
	Section 1415.	Mexican Law Limitations.	132
	Section 1416.	Argentine Law Limitations.	133
	Section 1417.	Brazilian Law Limitations and Waivers.	134
	Section 1418.	Joinder by Supplemental Indenture.	135

 

Article
Fifteen

COLLATERAL

 

	Section 1501.	Collateral Documents.	135
	Section 1502.	Release of Collateral	136
	Section 1503.	Suits to Protect the Collateral	138

 

    	 	 -v-	 

     

    

 

	Section 1504.	Authorization of Receipt of Funds by the Trustee Under the Collateral Documents.	138
	Section 1505.	Purchaser Protected.	139
	Section 1506.	Powers Exercisable by Receiver or Trustee	139
	Section 1507.	Release Upon Termination of the Issuer’s Obligations.	139
	Section 1508.	Collateral Agent.	140
	Section 1509.	Quebec Law Matters.	148
	Section 1510.	Scottish Appointment Matters	148
	Section 1511.	Swiss Appointment Matters.	149
	Section 1512.	Parallel Debt Collateral Matters.	149

 

ANNEX A

 

	FORM OF NOTE	A-1

 

ANNEX B

 

	FORM OF SUPPLEMENTAL INDENTURE	B-1

 

ANNEX C

 

	FORM OF CERTIFICATE TO BE DELIVERED IN CONNECTION WITH TRANSFERS TO INSTITUTIONAL ACCREDITED INVESTORS	C-1

 

ANNEX D

 

	FORM OF CERTIFICATE TO BE DELIVERED IN CONNECTION WITH TRANSFERS PURSUANT TO REGULATIONS	D-1

 

ANNEX E

 

	COLLATERAL REQUIREMENTS	E-1

 

ANNEX F

 

	INITIAL ISSUANCE DATE REAL PROPERTY	F-1

 

    	 	 -vi-	 

     

    

THIS INDENTURE (herein called the “Indenture”),
dated as of September 30, 2021, is among Weatherford International Ltd., a Bermuda exempted company (herein called the “Issuer”),
Weatherford International plc, an Irish public limited company (herein called the “Parent Guarantor”), Weatherford International,
LLC, a Delaware limited liability company (herein called “Weatherford Delaware” or a “Subsidiary Guarantor”),
the other Subsidiary Guarantors party hereto from time to time and Wilmington Trust, National Association, as Trustee (in such capacity,
the “Trustee”) and as Collateral Agent (in such capacity, the “Collateral Agent”).

NOW, THEREFORE, THE INDENTURE WITNESSETH:

For and in consideration of the premises and
the purchase of the Notes by the Holders thereof, it is mutually agreed, for the equal and proportionate benefit of all Holders of the
Notes of each series as follows:

Article
One

DEFINITIONS AND OTHER PROVISIONS

OF GENERAL APPLICATION

		Section 101.	Definitions.

For all purposes of the Indenture, except as
otherwise expressly provided or unless the context otherwise requires:

(1)     the
terms defined in this Article have the meanings assigned to them in this Article and include the plural as well as the singular;

(2)     all
other terms used herein which are defined in the Exchange Act or in the Securities Act, either directly or by reference therein, have
the meanings assigned to them therein;

(3)     all
accounting terms not otherwise defined herein have the meanings assigned to them in accordance with GAAP;

(4)     unless
the context otherwise requires, any reference to an “Article” or a “Section” refers to an Article or a Section,
as the case may be, of the Indenture;

(5)     unless
the context otherwise requires, the word “will” shall be interpreted to express a command;

(6)     references
to sections of or rules under the Securities Act or Exchange Act will be deemed to include substitute, replacement or successor sections
or rules that come into force from time to time;

(7)     the
words “herein,” “hereof” and “hereunder” and other words of similar import refer to the Indenture
as a whole and not to any particular Article, Section or other subdivision;

    	 		 

     

    

(8)      any
references to “examiner” and “examinership” shall have the meaning given to them in the Companies Act 2014 of
Ireland; and

(9)     unless
otherwise provided herein or in any other Notes Document, the words “execute”, “execution”, “signed”,
and “signature” and words of similar import used in or related to any document to be signed in connection with this Indenture,
any other Notes Document or any of the transactions contemplated hereby (including amendments, waivers, consents and other modifications)
shall be deemed to include electronic signatures and the keeping of records in electronic form, each of which shall be of the same legal
effect, validity or enforceability as a manually executed signature in ink or the use of a paper-based recordkeeping system, as applicable,
to the fullest extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce
Act, the New York State Electronic Signatures and Records Act, and any other similar state laws based on the Uniform Electronic Transactions
Act; provided that, notwithstanding anything herein to the contrary, neither the Trustee nor the Collateral Agent is under any obligation
to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Trustee or the Collateral Agent
pursuant to reasonable procedures approved by the Trustee or the Collateral Agent.

“ABL Facility” means, if
designated by the Issuer to be included in the definition of “ABL Facility”, one or more asset-based debt facilities providing
for revolving credit loans, term loans, securitization or receivables financings, letters of credit, bank guaranties, bankers’ acceptances
and similar instruments, in each case as such facility may be amended (including any amendment or restatement thereof), supplemented or
otherwise modified from time to time, including any agreement made exchanging, extending the maturity of, refinancing, renewing, replacing,
substituting or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding or removing Subsidiaries
as borrowers or guarantors thereunder) all or any portion of the Indebtedness under such facility or any successor or replacement facility.

“ABL Facility Documents”
means the agreements and other instruments governing the ABL Facility, together with any guarantees thereof and any security documents,
other collateral documents and other instruments relating thereto (including documents and instruments governing Hedging Obligations required
by the ABL Facility or relating to ABL Obligations).

“ABL Intercreditor Agreement”
means an intercreditor agreement substantially in the form of that certain Intercreditor Agreement dated as of December 13, 2019, by and
between Wells Fargo Bank, N.A., Deutsche Bank Trust Company Americas, the Parent Guarantor and the other grantors party thereto, with
such updates thereto as are reasonably appropriate in light of the ABL Obligations having a senior priority Lien with respect to the ABL
Priority Collateral and junior priority Lien with respect to the Notes/LC Priority Collateral and the Indenture Obligations having a senior
priority Lien with respect to the Notes/LC Priority Collateral and junior priority Lien with respect to the ABL Priority Collateral, as
reasonably determined in good faith by the Issuer (in consultation with the Majority Holders or their counsel), with such reasonable determination
accompanied by an Officers’ Certificate.

    	 	1	 

     

    

“ABL Obligations” means the
Obligations of the borrowers and other obligors under the ABL Facility or any of the other ABL Facility Documents, to pay principal, premium,
if any, and interest (including any interest accruing after the commencement of bankruptcy or insolvency proceedings) when due and payable,
and all other amounts due or to become due under or in connection with the ABL Facility Documents and the performance of all other Obligations
of the obligors thereunder to the lenders and agents under the ABL Facility Documents, according to the respective terms thereof.

“ABL Priority Collateral”
means any Collateral consisting of: (a) Accounts, (b) Chattel Paper and rights to payment evidenced thereby, (c) Inventory, (d) unfinanced
drilling, fracking, well maintenance and other similar rental tools, including, without limitation, artificial lift equipment, cementation
production, drilling services, drilling tools, intervention services, line hanger, pressure drilling, open and case hole, pressure pumping,
production automation, sand control, testing, tubular running services, well services, and wireline, (e) cash and cash equivalents, excluding
identifiable proceeds of Notes/LC Priority Collateral, (f) deposit accounts and securities
accounts (including funds or other property held in or on deposit therein, excluding identifiable proceeds of Notes/LC Priority
Collateral), (g) Payment Intangibles in respect of the items referred to in the previous clauses (a)-(f), (h) to the extent related to,
substituted or exchanged for, evidencing, supporting or arising from any of the items referred to in the preceding clauses (a)-(g), all
Documents, Letter-of-credit rights, Instruments and rights to payment evidenced thereby, Supporting Obligations, General Intangibles (other
than Equity Interests and intellectual property) and books and records, including customer lists, (i) to the extent attributed or pertaining
to the foregoing, Commercial Tort Claims, (j) intercompany payables and other intercompany claims, business interruption insurance proceeds,
representation and warranty insurance proceeds and tax refunds, and (k) substitutions, replacements, accessions, products or proceeds
of any of the foregoing, in any form, including insurance proceeds and claims against third parties for loss or damage to, or destruction
of, or other involuntary conversion (including claims in respect of condemnation or expropriation) of any kind or nature of any or all
of the foregoing. All capitalized terms used in this definition and not defined elsewhere in this Indenture shall have the meanings assigned
to them in the Code.

“acceleration declaration”
has the meaning specified in Section 502.

“Account” means an account
(as that term is defined in the Code or, to the extent applicable, the PPSA).

“Account Debtor” means any
Person who is obligated on an Account, chattel paper, or a general intangible.

“Acquired Indebtedness” means
(1) with respect to any Person that becomes a Restricted Subsidiary after the Initial Issuance Date, Indebtedness of such Person and its
Subsidiaries (including, for the avoidance of doubt, Indebtedness incurred in the ordinary course of such Person’s business to acquire
assets used or useful in its business) existing at the time such Person becomes a Restricted Subsidiary and (2) with respect to the Parent
Guarantor or any Restricted Subsidiary, any Indebtedness of a Person (including, for the avoidance of doubt, Indebtedness incurred in
the ordinary course of such Person’s business to acquire assets used or useful in its business), other than the Parent Guarantor
or a Restricted Subsidiary, existing at the time such

    	 	2	 

     

    

Person is merged with or into the Parent Guarantor or a Restricted
Subsidiary, or Indebtedness expressly assumed by the Parent Guarantor or any Restricted Subsidiary in connection with the acquisition
of an asset or assets from another Person.

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

“Additional Assets” means:

		1.	any assets used or useful in a Permitted Business, other than cash, Cash Equivalents, Indebtedness or, except as provided below, Equity
Interests;

		2.	Equity Interests of a Person that becomes a Restricted Subsidiary as a result of the acquisition of such Equity Interests by the Parent
Guarantor or any of its Restricted Subsidiaries; or

		3.	Equity Interests in any Person that at such time is a Restricted Subsidiary;

provided, however, that any such Restricted
Subsidiary described in clause (2) or (3) is primarily engaged in a Permitted Business.

“Additional Notes” means
the additional principal amount of Notes (other than the Initial Notes) that the Issuer may issue from time to time under this Indenture
in accordance with Section 314 of this Indenture as part of the same series of Notes issued on the date hereof other than Notes issued
in exchange for, or replacement of outstanding Notes.

“Affiliate” of any specified
Person means any other Person directly or indirectly controlling or controlled by, or under direct or indirect common control with, such
specified Person. For purposes of this definition, “control” when used with respect to any specified Person means the
power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities,
by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative
to the foregoing.

“Affiliate Transaction” has
the meaning specified in Section 1013.

“After-Acquired Property”
means property (other than Excluded Assets) that is intended to be Collateral acquired by the Issuer or a Guarantor after the Initial
Issuance Date (including property of a Person that becomes a new Guarantor after the Initial Issuance Date) that is not automatically
subject to a perfected (or any analogous concept to the extent perfection does not apply in the relevant jurisdiction) security interest
under the Collateral Documents.

“Agent Members” has the meaning
specified in Section 305.

“amend” means to amend, supplement,
restate, amend and restate or otherwise modify, including successively, and “amendment” shall have a correlative meaning.

“Angolan
Bond Investment” means the purchase of Dollar-linked, inflation-protected or other similar Angolan government sovereign or local
corporate bonds or similar instruments having a similar purpose by the Parent Guarantor or a Restricted Subsidiary.

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“Applicable Agent” means,
at any time, the “Applicable Senior Collateral Agent” (or applicable analogous term) as defined in any applicable Intercreditor
Agreement at such time with respect to the applicable Collateral.

“Applicable Banking Laws”
has the meaning specified in Section 116.

“Applicable Collateral Limitations”
has the meaning specified in Section 1017.

“Argentine
Bond Investment” means the purchase of Dollar-linked, inflation-protected or other similar Argentine government sovereign or
local corporate bonds or similar instruments having a similar purpose by the Parent Guarantor or a Restricted Subsidiary.

“Asset Acquisition” means:

(1)     an
Investment by the Parent Guarantor or any Restricted Subsidiary in any other Person if, as a result of such Investment, such Person shall
become a Restricted Subsidiary of the Parent Guarantor, or shall be merged with or into the Parent Guarantor or any of its Restricted
Subsidiaries, or

(2)     the
acquisition by the Parent Guarantor or any of its Restricted Subsidiaries of all or substantially all of the properties and assets of
any other Person (other than a Restricted Subsidiary of the Parent Guarantor) or any division or line of business of any such other Person
(other than in the ordinary course of business).

“Asset Sale” means:

		1.	the sale, lease (other than operating leases entered into in the ordinary course of business), conveyance or other disposition of
any properties or assets (including by way of a Sale-Leaseback Transaction or mergers, amalgamations, consolidations or otherwise); and

		2.	the issuance of Equity Interests in any of the Parent Guarantor’s Restricted Subsidiaries or the sale by the Parent Guarantor
or any Restricted Subsidiary of Equity Interests in any of the Parent Guarantor’s Restricted Subsidiaries (in either case other
than Preferred Stock of any Restricted Subsidiary issued in compliance with the Indenture and directors’ qualifying shares or shares
required by applicable law to be held by a Person other than the Parent Guarantor or a Restricted Subsidiary);

provided that, in the case of (1) or (2),
the sale, assignment, transfer, lease, conveyance or other disposition of all or substantially all of the properties or assets of the
Parent Guarantor and its Restricted Subsidiaries (including by way of a merger, amalgamation or consolidation) will be governed by Section 801
and not by the provisions of Section 1012.

Notwithstanding the preceding, the following
items will not be deemed to be Asset Sales:

		1.	any single transaction or series of related transactions that involves properties, assets or Equity Interests having a Fair Market
Value of less than $10.0 million;

    	 	4	 

     

    

		2.	a transfer or other disposition of assets between or among any of the Parent Guarantor and its Restricted Subsidiaries;

		3.	an issuance or sale or other disposition of Equity Interests by a Restricted Subsidiary to the Parent Guarantor or to another Restricted
Subsidiary;

		4.	the sale or other disposition of Receivables in connection with any Permitted Factoring Transaction;

		5.	the sale, lease or other disposition of equipment, inventory, products, services, accounts receivable or other properties or assets
in the ordinary course of business and any sale or other disposition of surplus, damaged, worn-out or obsolete assets;

		6.	the sale or other disposition of (a) financial instruments in the ordinary course of business or (b) cash or Cash Equivalents;

		7.	a disposition of properties or assets that constitutes (or results in by virtue of the consideration received for such disposition)
either a Restricted Payment that does not violate Section 1009 or a Permitted Investment;

		8.	the creation or perfection of a Permitted Lien and dispositions in connection with Permitted Liens and the exercise by any Person
in whose favor a Permitted Lien is granted of any of its rights in respect of that Permitted Lien;

		9.	a surrender or waiver of contract rights or the settlement, release or surrender of contract, tort or other claims of any kind;

		10.	the grant in the ordinary course of business of any non-exclusive license or sublicense of patents, trademarks, registrations therefor
and other similar intellectual property;

		11.	the disposition of assets or Equity Interests received in settlement of debts owing to a Person as a result of foreclosure, perfection
or enforcement of any Lien or debt, which debts were owing to such Person;

		12.	any sale or other disposition of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary; and

		13.	any expropriation, taking, sale or other disposition of assets (including any receipt of proceeds related thereto) by any foreign
government or any of its political subdivisions, agencies or controlled entities.

“Asset Sale Offer” has the
meaning set forth in Section 1012.

“Attributable Indebtedness”
means, with respect to any Sale-Leaseback Transaction as of any particular time, the present value (discounted at the rate of interest
implicit in the terms of the lease) of the obligations of the lessee under such lease for net rental payments during the remaining term
of the lease (including any period for which such lease has been extended). For

    	 	5	 

     

    

purposes of this definition, “net rental payments”
under any lease for any period means the sum of the rental payments required to be paid in such period by the lessee thereunder, not including,
however, any amounts required to be paid by such lessee (whether or not designated as rental or additional rental) on account of maintenance
and repairs, insurance, taxes, assessments or similar charges required to be paid by such lessee thereunder contingent upon the amount
of sales or deliveries, maintenance and repairs, insurance, taxes, assessments or similar charges.

“Authenticating Agent” means
any Person authorized by the Trustee pursuant to Section 614 to act on behalf of the Trustee to authenticate Notes.

“Bankruptcy Law” means Title
11, United States Code, or any similar U.S. federal or state or non-U.S. law for relief of creditors.

“Board of Directors” means,
with respect to any Person, (i) in the case of any corporation, the board of directors of such Person and (ii) in any other case, the
functional equivalent of the foregoing or, in each case, other than for purposes of the definition of “Change of Control,”
any duly authorized committee of such body.

“Board Resolution” means
a copy of a resolution certified by the Secretary or an Assistant Secretary of the Parent Guarantor, the Issuer or a Guarantor, the principal
financial officer of the Parent Guarantor, the Issuer or such Guarantor, any other authorized officer of the Issuer or such Guarantor,
or a person duly authorized by any of them, in each case as applicable, to have been duly adopted by the Board of Directors of the Issuer
or such Guarantor, as applicable, and to be in full force and effect on the date of such certification, and delivered to the Trustee.
Where any provision of the Indenture refers to action to be taken pursuant to a Board Resolution, such action may be taken by any committee,
officer or employee of the Parent Guarantor, the Issuer or the Guarantor, as applicable, authorized to take such action by its Board of
Directors as evidenced by a Board Resolution.

“Business Day” means each
Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in the City and State of New York or
in the Place of Payment are authorized or obligated by law, executive order or regulation to close.

“Capitalized Lease” means
a lease required to be capitalized for financial reporting purposes in accordance with GAAP. Notwithstanding the foregoing, any lease
that would have been classified as an operating lease pursuant to GAAP as in effect on December 31, 2018 shall be deemed not to be a Capitalized
Lease.

“Capitalized Lease Obligations”
of any Person means the obligations of such Person to pay rent or other amounts under a Capitalized Lease, and the amount of such obligation
shall be the capitalized amount thereof determined in accordance with GAAP, excluding liabilities resulting from a change in GAAP subsequent
to the date of the Indenture, and the Stated Maturity thereof shall be the date of the last payment of rent or any other amount due under
such lease prior to the first date upon which such lease may be prepaid by the lessee without payment of a penalty.

“Cash Equivalents” means:

    	 	6	 

     

    

(1)     
 direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States
(or any agency thereof to the extent such obligations are backed by the full faith and credit of the United States), in each case maturing
within one year from the date of acquisition thereof;

(2)     
direct obligations of, or obligations the principal of and interest on which are fully guaranteed by, any state of the United States
(or any political subdivision thereof or any public instrumentality thereof), in each case maturing within one year from the date of acquisition
thereof and, at the time of acquisition, having one of the two highest ratings obtainable from either S&P or Moody’s;

(3)     
investments in commercial paper maturing within 270 days from the date of acquisition thereof and having, at such date of acquisition,
the highest credit rating obtained from S&P or from Moody’s;

(4)     
investments in certificates of deposit, bankers’ acceptances, time deposits or overnight bank deposits maturing within one
year from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered
by, (i) any domestic office of any commercial bank organized under the laws of the United States or any State thereof or the District
of Columbia or any United States branch of a foreign bank having at the date of acquisition thereof combined capital and surplus and undivided
profits of not less than $500.0 million or (ii) any bank organized under the laws of any Covered Jurisdiction (other than an Excluded
Jurisdiction) having at the date of acquisition thereof combined capital and surplus and undivided profits of not less than $500.0 million
(calculated at the then-applicable Exchange Rate);

(5)     
Deposit Accounts maintained with (i) any bank that satisfies the criteria described in clause (4) above, or (ii) any other bank
organized under the laws of the United States or any state thereof so long as the full amount maintained with any such other bank is insured
by the Federal Deposit Insurance Corporation;

(6)     
repurchase obligations of any commercial bank satisfying the requirements of clause (4) of this definition or recognized securities
dealer having combined capital and surplus and undivided profits of not less than $500.0 million, having a term of not more than 30 days,
with respect to securities satisfying the criteria in clauses (1) or (4) above;

(7)     
debt securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by
any commercial bank satisfying the criteria described in clause (4) above; and

(8)     
investments in money market funds substantially all of whose assets are invested in the types of assets described in clauses (1)
through (7) above.

“Change of Control” means
the occurrence of any of the following: (a) the direct or indirect sale, transfer, conveyance or other disposition (other than by way
of merger, amalgamation, consolidation, plan or scheme of arrangement, exchange offer, business combination or similar transaction of
the Weatherford Parent Company), in one or a series of related transactions, of all or substantially all of the properties or assets of
the Weatherford

    	 	7	 

     

    

Parent Company and its Restricted Subsidiaries taken as a whole
to any person (as such term is used in Section 13(d) of the Exchange Act) other than the Weatherford Parent Company or one of its Subsidiaries
or a Person controlled by the Weatherford Parent Company or one of its Restricted Subsidiaries; (b) the consummation of any transaction
(including, without limitation, any merger, amalgamation, consolidation, plan or scheme of arrangement, exchange offer, business combination
or similar transaction) the result of which is that any person (as such term is used in Section 13(d) of the Exchange Act) other than
the Permitted Holders becomes the beneficial owner, directly or indirectly, of more than 50% of the then outstanding Voting Stock of the
Weatherford Parent Company (excluding a Redomestication of the Weatherford Parent Company); and (c) the first day on which a majority
of the members of the Weatherford Parent Company Board of Directors are not Continuing Directors.

“Change of Control Offer”
has the meaning specified in Section 1007.

“Change of Control Payment”
has the meaning specified in Section 1007.

“Change of Control Payment Date”
has the meaning specified in Section 1007.

“Code” means the New York
Uniform Commercial Code, as in effect from time to time.

“Collateral” means all assets
and interests in assets and proceeds thereof now owned or hereafter acquired by any Note Party in or upon which a Lien is granted by such
Person in favor of the Collateral Agent under any of the Notes Documents. For the avoidance of doubt, Collateral shall not include Excluded
Assets.

“Collateral Documents” means
the Security Agreement, Mortgages, Deposit Account Control Agreements and other security documents described on Annex E, the Intercreditor
Agreements and the other security documents pursuant to which the Issuer and the Guarantors grant Liens in favor of the Collateral Agent
to secure the Indenture Obligations.

“Common Stock” means with
respect to any Person, any and all shares, interest or other participations in, and other equivalents (however designated and whether
voting or nonvoting) of such Person’s common stock or common shares whether or not outstanding on the Initial Issuance Date, and
includes, without limitation, all series and classes of such common stock.

“Consolidated Amortization Expense”
for any period means the amortization expense of the relevant Person and the Restricted Subsidiaries for such period, determined on a
consolidated basis in accordance with GAAP.

“Consolidated Cash Flow”
for any period means, with respect to any specified Person and its Restricted Subsidiaries, without duplication, the sum of the amounts
for such period of:

(1)     Consolidated
Net Income, plus

(2)     in
each case only to the extent deducted in determining Consolidated Net Income,

(a)     Consolidated
Income Tax Expense,

    	 	8	 

     

    

(b)     Consolidated
Amortization Expense,

(c)     Consolidated
Depreciation Expense,

(d)     Consolidated
Interest Expense, and

(e)     all
other non-cash items reducing the Consolidated Net Income (excluding any non-cash charge that results in an accrual of a reserve for cash
charges in any future period) for such period, minus

(3)     the
aggregate amount of all non-cash items, determined on a consolidated basis, to the extent such items increased Consolidated Net Income
for such period (excluding any non-cash items to the extent they represent the reversal of an accrual of a reserve for a potential cash
item that reduced Consolidated Cash Flow in any prior period); and

(4)     to
the extent included in Consolidated Net Income, any nonrecurring or unusual gain or income (or nonrecurring or unusual loss or expense),
together with any related provision for taxes on any such nonrecurring or unusual gain or income (or the tax effect of any such nonrecurring
or unusual loss or expense), realized by such Person or any of its Restricted Subsidiaries during such period, shall be excluded.

“Consolidated Depreciation Expense”
for any period means the depreciation expense of the relevant Person and its Restricted Subsidiaries for such period, determined on a
consolidated basis in accordance with GAAP.

“Consolidated Income Tax Expense”
for any period means the provision for income taxes of the relevant Person and its Restricted Subsidiaries, determined on a consolidated
basis in accordance with GAAP.

“Consolidated Interest Coverage Ratio”
means, on any date of determination, with respect to any Person, the ratio of (x) Consolidated Cash Flow of such Person during the most
recent four consecutive full fiscal quarters for which financial statements prepared on a consolidated basis in accordance with GAAP are
available (the “Four-Quarter Period”) ending on or prior to the date of the transaction giving rise to the need to
calculate the Consolidated Interest Coverage Ratio (the “Transaction Date”) to (y) Consolidated Interest Expense of
such Person for the Four-Quarter Period. For purposes of this definition, Consolidated Cash Flow and Consolidated Interest Expense shall
be calculated after giving effect on a pro forma basis for the period of such calculation to:

(1)     the
incurrence of any Indebtedness or the issuance of any Disqualified Equity Interests of such Person or Preferred Stock of any Restricted
Subsidiary of such Person (and the application of the proceeds thereof) and any repayment, repurchase or redemption of other Indebtedness
or other Disqualified Equity Interests or Preferred Stock (and the application of the proceeds therefrom) (other than the incurrence or
repayment of Indebtedness in the ordinary course of business for working capital purposes pursuant to any revolving credit arrangement)
occurring during the Four-Quarter Period or at any time subsequent to the last day of the Four-Quarter Period and

    	 	9	 

     

    

on or prior to the Transaction Date, as if such incurrence,
repayment, repurchase, issuance or redemption, as the case may be (and the application of the proceeds thereof), occurred on the first
day of the Four-Quarter Period; and

(2)     any
asset sale outside the ordinary course of business or Asset Acquisition (including, without limitation, any Asset Acquisition giving rise
to the need to make such calculation as a result of the Parent Guarantor or any Restricted Subsidiary (including any Person who becomes
a Restricted Subsidiary as a result of such Asset Acquisition) incurring Acquired Indebtedness and also including any Consolidated Cash
Flow (including any pro forma expense and cost reductions that have occurred or are reasonably expected to occur within the next 12 months))
in each case occurring during the Four-Quarter Period or at any time subsequent to the last day of the Four-Quarter Period and on or prior
to the Transaction Date, as if such asset sale or Asset Acquisition (including the incurrence of, or assumption or liability for, any
such Indebtedness or Acquired Indebtedness) occurred on the first day of the Four-Quarter Period; provided, that such pro forma
calculations shall be determined in good faith by a responsible financial or accounting officer of the Parent Guarantor whether or not
such pro forma adjustments would be permitted under SEC rules or guidelines.

In calculating Consolidated Interest Expense
for purposes of determining the denominator (but not the numerator) of this Consolidated Interest Coverage Ratio:

(1)     interest
on outstanding Indebtedness determined on a fluctuating basis as of the Transaction Date and which will continue to be so determined thereafter
shall be deemed to have accrued at a fixed rate per annum equal to the rate of interest on such Indebtedness in effect on the Transaction
Date;

(2)     if
interest on any Indebtedness actually incurred on the Transaction Date may optionally be determined at an interest rate based upon a factor
of a prime or similar rate, a eurocurrency interbank offered rate, or other rates, then the interest rate in effect on the Transaction
Date will be deemed to have been in effect during the Four-Quarter Period; and

(3)     notwithstanding
clause (1) or (2) above, interest on Indebtedness determined on a fluctuating basis, to the extent such interest is covered by agreements
relating to Hedging Obligations, shall be deemed to accrue at the rate per annum resulting after giving effect to the operation of such
agreements.

“Consolidated Interest Expense”
for any period means the sum, without duplication, of the total interest expense of the relevant Person and its Restricted Subsidiaries
for such period, determined on a consolidated basis in accordance with GAAP, including, without duplication:

(1)     imputed
interest on Capitalized Lease Obligations and Attributable Indebtedness;

(2)     the
net costs associated with Hedging Obligations related to interest rates;

    	 	10	 

     

    

(3)     amortization
of debt issuance costs, debt discount or premium and other financing fees and expenses;

(4)     the
interest portion of any deferred payment obligations;

(5)     all
other non-cash interest expense;

(6)     capitalized
interest;

(7)     all
dividend payments on any series of Disqualified Equity Interests of the Parent Guarantor or any Preferred Stock of any Restricted Subsidiary
(other than dividends on Equity Interests payable solely in Qualified Equity Interests of the Parent Guarantor or to the Parent Guarantor
or a Restricted Subsidiary);

(8)     all
interest payable with respect to discontinued operations; and

(9)     all
interest on any Indebtedness described in clause (6) or (7) of the definition of Indebtedness.

“Consolidated Net Income”
for any period means the net income (or loss) of a specified Person and its Restricted Subsidiaries, in each case for such period determined
on a consolidated basis in accordance with GAAP; provided that there shall be excluded in calculating such net income (or loss),
to the extent otherwise included therein, without duplication:

(1)     the
net income (or loss) of any Person (other than a Restricted Subsidiary) in which the specified Person or its Restricted Subsidiaries has
an ownership interest, except to the extent that cash in an amount equal to any such income has actually been received by the specified
Person or any of its Restricted Subsidiaries during such period;

(2)     except
to the extent includible in the net income (or loss) of the specified Person pursuant to the foregoing clause (1), the net income (or
loss) of any other Person that accrued prior to the date that (a) such other Person becomes a Restricted Subsidiary of the specified Person
or is merged into or consolidated with the specified Person or any of its Restricted Subsidiaries or (b) the assets of such other Person
are acquired by the specified Person or any of its Restricted Subsidiaries;

(3)     the
net income of any Restricted Subsidiary of the specified Person (other than the Issuer or a Subsidiary Guarantor) during such period to
the extent that the declaration or payment of dividends or similar distributions by such Restricted Subsidiary of that income is not permitted
by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation
applicable to that Subsidiary during such period, unless such restriction with respect to the payment of dividends has been legally waived;

(4)     gains
or losses attributable to discontinued operations;

(5)     any
gain (or loss), together with any related provisions for taxes on any such gain (or the tax effect of any such loss), realized during
such period by the Parent

    	 	11	 

     

    

Guarantor or any Restricted Subsidiary upon the acquisition
of any securities, or the extinguishment of any Indebtedness, of the specified Person or any Restricted Subsidiary;

(6)     gains
and losses due solely to fluctuations in currency values and the related tax effects according to GAAP;

(7)     unrealized
gains and losses with respect to Hedging Obligations;

(8)     the
cumulative effect of any change in accounting principles or policies;

(9)     extraordinary
gains and losses and the related tax effect;

(10)     non-cash
charges or expenses with respect to the grant of stock options, restricted stock or other equity compensation awards; and

(11)     goodwill
write-downs or other non-cash impairments of assets.

“Consolidated Tangible Assets”
means, with respect to any Person as of any date, the amount which, in accordance with GAAP, would be set forth under the caption “Total
Assets” (or any like caption) on a consolidated balance sheet of such Person and its Restricted Subsidiaries determined in accordance
with GAAP, less, to the extent included in a determination of “Total Assets,” and without duplication, all goodwill, patents,
tradenames, trademarks, copyrights, franchises, experimental expenses, organization expenses and any other amounts classified as intangible
assets in accordance with GAAP.

“Continuing Directors” means,
as of any date of determination, any member of the Board of Directors of the Weatherford Parent Company who (a) was a member of such Board
of Directors on the date of the issuance of the Notes or (b) was nominated for election or appointed or elected to such Board of Directors
with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination,
appointment or election (either by a specific vote or by approval of the Weatherford Parent Company’s proxy statement in which such
member was named as a nominee for election as a director, without objection to such nomination).

“Control” shall have the
meaning set forth in Article 8 or, if applicable, in Section 9-104, 9-105, 9-106 or 9-107 of Article 9 of the Code or Section 16 of the
UETA, as applicable.

“Corporate Trust Office”
means the office of the Trustee or Collateral Agent, as applicable, at which at any particular time its corporate trust business in relation
to the Notes shall be administered, which office on the date hereof is located at, 50 South Sixth Street, Suite 1290, Minneapolis, Minnesota
55402, Attention: Weatherford International Notes Administrator, or such other address as the Trustee or Collateral Agent, as applicable,
may designate from time to time by notice to the Holders and the Issuer, or the principal corporate trust office of any successor Trustee
or Collateral Agent, as applicable, (or such other address as such successor Trustee or Collateral Agent, as applicable, may designate
from time to time by notice to the Holders and the Issuer).

    	 	12	 

     

    

“corporation” includes corporations,
companies, associations, partnerships, limited partnerships, limited liability companies, joint-stock companies and trusts.

“Covenant Defeasance” has
the meaning specified in Section 1303.

“Coverage Ratio Exception”
has the meaning set forth in the proviso in the first paragraph of Section 1008.

“Covered Jurisdiction” means
the jurisdiction of organization of the Issuer or the applicable Guarantor and in the case of any Guarantor organized in the United States,
any State thereof or the District of Columbia, as applicable.

“Credit Facilities” means
one or more debt facilities or indentures (which may be outstanding at the same time and including, without limitation, the LC Credit
Agreement and any ABL Facility) with commercial banks or other institutional lenders or investors providing for revolving credit loans,
swingline loans, term loans, overdraft loans, debt securities, term loans, receivables financing or letters of credit and, in each case,
as such agreements may be amended, refinanced, restated, refunded or otherwise restructured, in whole or in part from time to time (including
increasing the amount of available borrowings thereunder or adding Subsidiaries of the Parent Guarantor as additional borrowers or guarantors
thereunder) with respect to all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement
agreement or agreements and whether by the same or any other agent, lender, group of lenders or institutional lenders or investors.

“Customary Recourse Exceptions”
means, with respect to any Non-Recourse Debt of an Unrestricted Subsidiary, exclusions from the exculpation provisions with respect to
such Non-Recourse Debt for the voluntary bankruptcy of such Unrestricted Subsidiary, fraud, misapplication of cash, environmental claims,
waste, willful destruction and other circumstances customarily excluded by lenders from exculpation provisions or included in separate
indemnification agreements in non-recourse financings.

“Debt” means any obligation
created or assumed by any Person for the repayment of money borrowed and any Purchase Money Indebtedness created or assumed by such Person
and any guarantee of the foregoing.

“Default” means any event,
act or condition that, after notice or the passage of time or both, would be an Event of Default.

“Defaulted Interest” has
the meaning specified in Section 307.

“Definitive Notes” means
certificated Notes that are not required to bear the Global Note Legend set forth in Section 202.

“Deposit Account” means any
deposit account (as that term is defined in the Code or under the applicable laws of any applicable foreign jurisdiction).

“Deposit Account Control Agreement”
means an agreement among any Note Party, a banking institution holding such Note Party’s funds, the Collateral Agent or (if applicable)
the

    	 	13	 

     

    

Applicable Agent with respect to collection and Control of all deposits
and balances held in a Deposit Account maintained by such Note Party with such banking institution.

“Depositary” means, with
respect to Notes issued in whole or in part in the form of one or more Global Notes, The Depository Trust Company (“DTC”)
or any other clearing agency registered under the Exchange Act that is designated to act as successor Depositary for such Notes.

“Designation” has the meaning
given to this term in Section 1006.

“Designation Amount” has
the meaning given to this term in Section 1006.

“Disqualified Equity Interests”
of any Person means any class of Equity Interests of such Person that, by its terms, or by the terms of any related agreement or of any
security into which it is convertible, puttable or exchangeable (in each case, at the option of the holder thereof), is, or upon the happening
of any event or the passage of time would be, required to be redeemed by such Person, at the option of the holder thereof, or matures
or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, in whole or in part, on or prior to the date which is
91 days after the Stated Maturity of the Notes; provided, however, that any class of Equity Interests of such Person that,
by its terms, authorizes such Person to satisfy in full its obligations with respect to the payment of dividends or upon maturity, redemption
(pursuant to a sinking fund or otherwise) or repurchase thereof or otherwise by the delivery of Equity Interests that are not Disqualified
Equity Interests, and that is not convertible, puttable or exchangeable for Disqualified Equity Interests or Indebtedness, will not be
deemed to be Disqualified Equity Interests so long as such Person satisfies its obligations with respect thereto solely by the delivery
of Equity Interests that are not Disqualified Equity Interests; provided, further, however, that any Equity Interests
that would not constitute Disqualified Equity Interests but for provisions thereof giving holders thereof (or the holders of any security
into or for which such Equity Interests are convertible, exchangeable or exercisable) the right to require such Person to repurchase or
redeem such Equity Interests upon the occurrence of a change of control occurring prior to the 91st day after the Stated Maturity of the
Notes shall not constitute Disqualified Equity Interests if the change of control provisions applicable to such Equity Interests are no
more favorable to such holders than the provisions of Section 1007, and such Equity Interests specifically provide that the Issuer
will not repurchase or redeem any such Equity Interests pursuant to such provisions prior to the Issuer’s purchase of the Notes
as required pursuant to the provisions of Section 1007.

“Dollars,” “U.S.
dollars” or “$” shall mean the coin or currency of the United States of America, which at the time of payment
is legal tender for the payment of public and private debts.

“DTC” has the meaning specified
in the definition of Depositary.

“Eligible Jurisdiction” means
(a) each Excluded Jurisdiction other than (i) any Excluded Jurisdiction that is an Ineligible Jurisdiction, and (ii) Iran, or any other
country that is a Sanctioned Entity or otherwise subject to Sanctions, and (b) the countries of Argentina, Brazil, Colombia and South
Africa; provided, that the Majority Holders and the Issuer, by mutual

    	 	14	 

     

    

written agreement, may re-categorize any country between the definitions
of “Eligible Jurisdiction” and “Ineligible Jurisdiction”.

“Equity Interests” of any
Person means (1) any and all shares or other equity interests (including Common Stock, Preferred Stock, limited liability company interests,
trust units and partnership interests) in such Person and (2) all rights to purchase, warrants or options (whether or not currently exercisable),
participations or other equivalents of or interests in (however designated) such shares or other interests in such Person, but excluding
from all of the foregoing any debt securities convertible into Equity Interests, regardless of whether such debt securities include any
right of participation with Equity Interests.

“Equity Offering” means any
public or private sale after the Initial Issuance Date of Common Stock or Preferred Stock of the Parent Guarantor or any Successor Parent
(other than Disqualified Equity Interests), other than:

(1)     
public offerings registered on Form S-4 or Form S-8; and

(2)     
issuances to any Subsidiary of the Parent Guarantor.

Notwithstanding the foregoing, an Equity Offering hereunder
shall include the acquisition, purchase, business combination, merger, amalgamation or consolidation of the Parent Guarantor or any Successor
Parent by, with or into a person that has, or whose direct or indirect parent has, previously consummated a public Equity Offering (as
defined herein but replacing the Parent Guarantor with such person or parent) and is a public company at the applicable time.

 

“Event of Default” has the
meaning specified in Section 501.

“Excess Proceeds” has the
meaning specified in Section 1012.

“Exchange Act” means the
U.S. Securities Exchange Act of 1934, as amended.

“Exchange Rate”
shall mean, on any day, (a) with respect to any applicable currency other than Dollars on a particular date, the rate of exchange for
the purchase of Dollars with such other currency in the London foreign exchange market at the end of the applicable Business Day as quoted
by Bloomberg as the “ask price”, or as displayed on such other information service which publishes that rate of exchange from
time to time in place of Bloomberg (or if such service ceases to be available, the equivalent of such amount in Dollars as determined
in good faith by the Issuer, in consultation with the Trustee, using any method of determination it deems reasonably appropriate) and
(b) if such amount is denominated in any other currency (other than Dollars), the equivalent of such amount in Dollars as determined in
good faith by the Issuer, in consultation with the Trustee, using any method of determination it deems reasonably appropriate; provided
that in connection with any determination by the Issuer of the equivalent of such amount in Dollars, as applicable, pursuant to the foregoing
clauses (a) or (b), upon the written request of the Trustee, the Issuer shall notify the Trustee of the sources used to
determine such amount.

“Excluded Account” means
(a) any deposit account of a Note Party, including the funds on deposit therein, that is used solely for payroll funding and other employee
wage and benefit

    	 	15	 

     

    

payments (including flexible spending accounts), tax payments, escrow
or trust purposes, or any other fiduciary purpose, (b) any deposit account of a Note Party, including the funds on deposit therein, that
has been pledged to secure Obligations or other obligations (other than the Indenture Obligations and the LC Facility Obligations), in
each case to the extent such cash collateral is expressly permitted by Section 1010, and is exclusively used for such purpose, (c)
any Specified Eligible Deposit Account, (d) any Specified Ineligible Deposit Account, (e) other Deposit Accounts of the Note Parties to
the extent that the aggregate cash or Cash Equivalent balance of all such other Deposit Accounts described in this clause (e) does not
at any time exceed $10 million; and (f) any deposit account that constitutes an “Excluded Account” as defined in the
LC Credit Agreement as in effect on the date hereof.

“Excluded Assets” means,
collectively, (a) any Equity Interest in any Foreign Subsidiary, joint venture or non-Wholly-Owned Subsidiary that is a Subsidiary of
a Note Party and that, in each case, is organized in a Sanctioned Country or the grant of a security interest therein is not permitted
by applicable law; (b) any contract, instrument, lease, license, agreement or other document to the extent that the grant of a security
interest therein would (in each case until any required consent or waiver shall have been obtained) result in a violation, breach, termination
(or a right of termination) or default under such contract, instrument, lease, license, agreement or other document (including pursuant
to any “change of control” or similar provision); provided, however, that any such asset will only constitute an Excluded
Asset under this clause (b) to the extent such violation or breach, termination (or right of termination) or default would not be rendered
ineffective pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the Code (or any successor provision or provisions) of any relevant jurisdiction
or any other applicable law; and provided further that any such asset shall cease to constitute an Excluded Asset at such time as the
condition causing such violation, breach, termination (or right of termination) or default no longer exists (whether by ineffectiveness,
lapse, termination or consent) and, to the extent severable, the security interest granted under the applicable Collateral Document shall
attach immediately to any portion of such right that does not result in any of the consequences specified in this clause (b); (c) any
property, to the extent the granting of a Lien therein is prohibited by any applicable law (including laws and other governmental regulations
governing insurance companies) or would require governmental or third party (other than the Note Parties or their Subsidiaries) consent,
approval, license or authorization not obtained (other than to the extent that such prohibition would be rendered ineffective pursuant
to Sections 9-406, 9-407, 9-408, 9-409 or other applicable provisions of the Code of any relevant jurisdiction or any other applicable
law); provided that, immediately upon the ineffectiveness, lapse or termination of such prohibition or the granting of such governmental
or third party consent, approval, license or authorization, as applicable, such assets shall automatically constitute Collateral (but
only to the extent such assets do not otherwise constitute Excluded Assets hereunder); (d) motor vehicles and other assets subject to
certificates of title, except to the extent a Lien therein can be perfected by the filing of a financing statement under the Code; (e)
commercial tort claims to the extent that the reasonably predicted value thereof is less than $10.0 million individually or in the aggregate;
(f) any intent-to-use trademark application prior to the filing of a “Statement of Use” or “Amendment to Allege Use”
with respect thereto, to the extent (if any) that, and solely during the period (if any) in which, the grant of a security interest therein
would impair the validity or enforceability of such intent-to-use trademark application under any applicable law; (g) other customary
exclusions under applicable local law or in applicable local jurisdictions consented to by the Majority Holders and set forth in the Collateral
Documents; (h) shares of the Parent

    	 	16	 

     

    

Guarantor that have been repurchased and are being held as treasury
shares but not cancelled; (i) for the avoidance of doubt, any assets owned by, or the ownership interests in, any Unrestricted Subsidiary
(which shall in no event constitute Collateral, nor shall any Unrestricted Subsidiary be an Note Party); (j) any leasehold interest in
real property; (k) any asset or property, the granting of a security interest in which would result in material adverse tax consequences
to any Note Party as reasonably determined by the Issuer and consented to by the Majority Holders, such consent not to be unreasonably
withheld or delayed; (l) any interests in partnerships, joint ventures and non-Wholly-Owned Subsidiaries which cannot be pledged without
the consent of one or more third parties other than any Note Party or any Subsidiary thereof (after giving effect to Sections 9-406, 9-407,
9-408 or 9-409 of the Code (or any successor provision or provisions) of any relevant jurisdiction or any other applicable law) (until
any required consent or waiver shall have been obtained); provided that, immediately upon the ineffectiveness, lapse or termination of
such prohibition or the granting of such third party consent or waiver, as applicable, such assets shall automatically constitute Collateral
(but only to the extent such assets do not otherwise constitute Excluded Assets hereunder); (m) Excluded Accounts; (n) those assets as
to which the Majority Holders agree in writing (in consultation with the Issuer) that the cost of obtaining such a security interest or
perfection thereof are excessive in relation to the benefit to the First Lien Notes Secured Parties of the security to be afforded thereby;
and (o) any real property, other than the Initial Issuance Date Real Property, that has a net book value of less than $10.0 million as
reflected in the most recent consolidated financial statements of the Parent Guarantor delivered pursuant to Section 703(a)(1); provided
that, the foregoing exclusions shall not apply to any asset or property of the Issuer and its Subsidiaries on which a Lien has been granted
in favor of the LC Credit Agreement Agent to secure the First Priority LC Obligations.

“Excluded Jurisdiction” means
any Sanctioned Country, Afghanistan, Albania, Algeria, Angola, Azerbaijan, Bangladesh, Bahrain, Brunei, Cameroon, China, Chad, Democratic
Republic of the Congo, Egypt, Equatorial Guinea, Ethiopia, Gabon, Ghana, India, Iraq, Ivory Coast, Jordan, Kazakhstan, Kenya, Kuwait,
Libya, Mauritania, Morocco, Mozambique, Myanmar, Nigeria, Pakistan, Oman, Qatar, Republic of the Congo, Russia, Saudi Arabia, Thailand,
Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Uganda, Ukraine, Venezuela, Vietnam or Yemen.

“Expiration Date” has the
meaning specified in Section 104.

“Fair Market Value” means,
with respect to any asset, the price (after taking into account any liabilities relating to such asset) that would be negotiated in an
arm’s-length transaction for cash between a willing seller and a willing and able buyer, neither of which is under any compulsion
to complete the transaction as such price is determined in good faith by management of the Parent Guarantor.

“First Lien Intercreditor Agreements”
means (x) that certain First Lien Intercreditor Agreement, dated as of August 28, 2020, by and among the Collateral Agent, the LC
Credit Agreement Agent and the Note Parties, as amended, restated, supplemented or otherwise modified from time to time and (y) any
First Lien Other Intercreditor Agreement.

“First Lien Notes Secured Parties”
means the Trustee, the Collateral Agent and the Holders.

    	 	17	 

     

    

“First Lien Other Intercreditor Agreement”
means any replacement intercreditor agreement on substantially the same terms as the First Lien Intercreditor Agreement in effect on the
date hereof as reasonably determined in good faith by the Issuer or another customary intercreditor agreement maintaining the same relative
lien priorities as set forth in the First Lien Intercreditor Agreement on the date hereof, with such reasonable determination accompanied
by an Officers’ Certificate, entered into in connection with an amendment, restatement, replacement or refinancing of the LC Credit
Agreement, the entering into of any other Credit Facility (other than an ABL Facility) or a partial replacement or refinancing of the
Notes, and executed by the Collateral Agent and the applicable representatives of the debtholders under such LC Credit Agreement, other
Credit Facility or replacement or refinancing of the Notes, as applicable.

“First Priority LC Obligations”
means any and all amounts payable under or in respect of the LC Credit Agreement as amended, restated, supplemented, waived, replaced,
restructured, repaid, refunded, refinanced or otherwise modified from time to time.

“First Priority Obligations”
means (i) the First Priority LC Obligations, (ii) the Indenture Obligations (and the Obligations under any partial replacement or refinancing
of the Indenture Obligations permitted hereunder), (iii) any ABL Obligations, (iv) any Obligations with respect to Indebtedness of a Note
Party that is secured by the Collateral on a pari passu basis with the Indenture Obligations and is not Subordinated Indebtedness and
(v) any Obligations with respect to Indebtedness of a Note Party that is secured by the Collateral on a pari passu basis with the LC Facility
Obligations and is not Subordinated Indebtedness.

“Foreign Restricted Subsidiary”
means any Restricted Subsidiary not organized or existing under the laws of the United States, any State thereof or the District of Columbia.

“Foreign Subsidiary” means
any Subsidiary not organized or existing under the laws of the United States, any State thereof or the District of Columbia.

“Funding Guarantor” has the
meaning specified in Section 1405.

“GAAP” means generally accepted
accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles Board of the American
Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other
statements by such other entity as may be approved by a significant segment of the accounting profession of the United States, as in effect
from time to time.

“Global Notes” means a permanent
global Note bearing the Global Note Legend set forth in Section 202.

“Governmental Authority”
means the government of any nation or any political subdivision thereof, whether at the national, state, territorial, provincial, county,
municipal or any other level, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of, or pertaining to, government (including
any supra-national bodies such as the European Union or the European Central Bank).

    	 	18	 

     

    

“Grantor” has the meaning
given to such term (or any equivalent term, such as pledgor or mortgagor) in the Collateral Documents.

“guarantee” means a direct
or indirect guarantee by any Person of any Indebtedness or other obligation of any other Person and includes any obligation, direct or
indirect, contingent or otherwise, of such Person entered into for purposes of assuring in any other manner the obligee of such Indebtedness
of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); “guarantee,” when
used as a verb, and “guaranteed” have correlative meanings.

“Guarantee” means, individually,
any guarantee of payment of the Notes by a Guarantor pursuant to the terms of the Indenture and any supplemental indenture thereto, and,
collectively, all such guarantees.

“Guarantors” means the Parent
Guarantor and each Subsidiary Guarantor, until such Person is released from its Guarantee in accordance with the terms of the Indenture.

“Hedging Obligations” of
any Person means the obligations of such Person with respect to any swap, forward, future or derivative
transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or
debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value
or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing
for payments only on account of services provided by current or former directors, officers, employees or consultants of the Parent Guarantor
or its Subsidiaries shall be a Hedging Obligation. Notwithstanding anything to the contrary set forth herein, Angolan Bond Investments
and Argentine Bond Investments shall be deemed to be Hedging Obligations.

“Holder” means any registered
holder, from time to time, of the Notes.

“Holder Group” means each
of the Holders and the Collateral Agent, together with any sub-agent or similar agent appointed pursuant to Section 1508 of this
Indenture.

“IAI” means an institutional
“accredited investor” as described in Rule 501(a)(1), (2), (3) or (7) under the Securities Act.

“incur” means, with respect
to any Indebtedness or Obligation, incur, create, issue, assume, guarantee or otherwise become directly or indirectly liable, contingently
or otherwise, with respect to such Indebtedness or Obligation; provided that (1) the Indebtedness of a Person existing at the time
such Person becomes a Restricted Subsidiary of the Parent Guarantor shall be deemed to have been incurred by such Restricted Subsidiary
at the time it becomes a Restricted Subsidiary and (2) neither the accrual of interest nor the accretion of original issue discount or
the accretion or accumulation of dividends on any Equity Interests shall be deemed to be an incurrence of Indebtedness.

“Indebtedness” of any Person
at any date means, without duplication:

    	 	19	 

     

    

(1)     all
liabilities, contingent or otherwise, of such Person for borrowed money (whether or not the recourse of the lender is to the whole of
the assets of such Person or only to a portion thereof);

(2)     all
obligations of such Person evidenced by bonds, debentures, bankers’ acceptances, notes or other similar instruments;

(3)     all
non-contingent reimbursement obligations of such Person in respect of letters of credit, letters of guaranty and similar credit transactions;

(4)     all
obligations of such Person to pay the deferred and unpaid purchase price of property or services, except deferred compensation, trade
payables and other obligations and accrued expenses incurred by such Person in the ordinary course of business in connection with obtaining
goods, materials or services and not overdue by more than 180 days unless subject to a bona fide dispute;

(5)     the
maximum fixed redemption or repurchase price of all Disqualified Equity Interests of such Person or, with respect to any Subsidiary of
such Person, any Preferred Stock;

(6)     all
Capitalized Lease Obligations of such Person to the extent such obligations would appear as a liability on a balance sheet (excluding
the footnotes thereto) of such Person prepared in accordance with GAAP;

(7)     all
Indebtedness of others secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such Person;

(8)     all
Indebtedness of others guaranteed by such Person to the extent of such guarantee; provided that Indebtedness of such Person or
its Subsidiaries that is guaranteed by such Person or its Subsidiaries shall only be counted once in the calculation of the amount of
Indebtedness of such Person and its Subsidiaries on a consolidated basis; and

(9)     to
the extent not otherwise included in this definition, net Hedging Obligations of such Person to the extent such obligations would appear
as a liability on a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP.

The amount of any Indebtedness which is incurred
at a discount to the principal amount at maturity thereof as of any date shall be deemed to have been incurred at the accreted value thereof
as of such date. The amount of Indebtedness of any Person at any date shall be the outstanding balance at such date of all unconditional
obligations as described above, the maximum liability of such Person for any such contingent obligations at such date and, in the case
of clause (7), the lesser of (a) the Fair Market Value of any asset subject to a Lien securing the Indebtedness of others on the date
that the Lien attaches and (b) the amount of the Indebtedness secured. For purposes of clause (5), the “maximum fixed redemption
or repurchase price” of any Disqualified Equity Interests or Preferred Stock that do not have a fixed redemption or repurchase price
shall be calculated in accordance with the terms of such

    	 	20	 

     

    

Disqualified Equity Interests or Preferred Stock, as applicable,
as if such Disqualified Equity Interests or Preferred Stock were redeemed or repurchased on any date on which an amount of Indebtedness
outstanding shall be required to be determined pursuant to the Indenture.

The term “Indebtedness” excludes
any repayment or reimbursement obligation of such Person or any of its Subsidiaries with respect to Customary Recourse Exceptions, unless
and until an event or circumstance occurs that triggers the Person’s or such Subsidiary’s direct repayment or reimbursement
obligation (as opposed to contingent or performance obligations) to the lender or other Person to whom such obligation is actually owed,
in which case the amount of such direct payment or reimbursement obligation shall constitute Indebtedness.

“Indenture” has the meaning
stated in the first paragraph of the Indenture.

“Indenture Obligations” has
the meaning specified in Section 1401.

“Independent Director” means
a director of the Parent Guarantor who is independent with respect to the transaction at issue.

“Ineligible Jurisdiction”
means the countries of Albania, Angola, Congo, Egypt, Gabon, and Nigeria; provided that the Majority Holders and the Issuer, by mutual
written agreement, may re-categorize any country between the definitions of “Ineligible Jurisdiction” and “Eligible
Jurisdiction”.

“Initial Issuance Date” means
September 30, 2021.

“Initial Issuance Date Real Property”
means the real property listed on Annex F.

“Initial Notes” means $500.0
million aggregate principal amount of 6.500% Senior Secured First Lien Notes due 2028 issued pursuant to this Indenture on the Initial
Issuance Date.

“Initial Specified Jurisdiction”
means the United States of America (or any state thereof), Canada (or any province or territory thereof), the United Kingdom, Ireland,
Switzerland, Luxembourg, Bermuda, the British Virgin Islands, the Netherlands, Argentina, Australia, Norway, Germany, Panama, Mexico and
Brazil.

“Insolvency or Liquidation Proceeding”
has the meaning specified in Section 607.

“Insurance Act” has the meaning
specified in Section 1017(f).

“Intercreditor Agreements”
means (x) the First Lien Intercreditor Agreements and (y) the ABL Intercreditor Agreement.

“Interest Payment Date,”
when used with respect to any Note, means the Stated Maturity of an installment of interest on such Note.

“Investment Company Act”
means the Investment Company Act of 1940 and any statute successor thereto, in each case as amended from time to time.

    	 	21	 

     

    

“Investments” of any Person
means:

(1)     all
direct or indirect investments by such Person in any other Person (including Affiliates) in the form of loans, advances or capital contributions
or other credit extensions constituting Indebtedness of such other Person, and any guarantee of Indebtedness of any other Person;

(2)     all
purchases (or other acquisitions for consideration) by such Person of Indebtedness, Equity Interests or other securities of any other
Person (other than any such purchase that constitutes a Restricted Payment of the type described in clause (2) of the definition thereof);

(3)     all
other items that would be classified as investments in another Person on a balance sheet of such Person prepared in accordance with GAAP;
and

(4)     the
Designation of any Subsidiary as an Unrestricted Subsidiary.

Except as otherwise expressly specified in this
definition, the amount of any Investment (other than an Investment made in cash) shall be the Fair Market Value thereof on the date such
Investment is made. The amount of an Investment pursuant to clause (4) shall be the Designation Amount determined in accordance with Section 1006.
If the Parent Guarantor or any Restricted Subsidiary sells or otherwise disposes of any Equity Interests of any Restricted Subsidiary,
or any Restricted Subsidiary issues any Equity Interests, in either case, such that, after giving effect to any such sale or disposition,
such Person is no longer a Subsidiary, the Parent Guarantor shall be deemed to have made an Investment on the date of any such sale or
other disposition equal to the Fair Market Value of the Equity Interests of and all other Investments in such Restricted Subsidiary retained.
Notwithstanding the foregoing, purchases or redemptions of Equity Interests of the Parent Guarantor shall be deemed not to be Investments.

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

“Issuer Request” or “Issuer
Order” means a written request or order signed in the name of the Issuer by an Officer and delivered to the Trustee.

“Judgment Currency” has the
meaning specified in Section 117.

“Junior Financing” means
(i) any Subordinated Indebtedness and (ii) any Indebtedness for borrowed money incurred by a Note Party that is either unsecured or secured
only by Liens permitted by Section 1010 that are junior in priority to the Liens securing the Indenture Obligations (other than any LC
Facility Obligations, ABL Obligations or any other First Priority Obligations).

“LC Credit Agreement” means
the LC Credit Agreement, dated as of December 13, 2019, among the Issuer and Weatherford Delaware, as the borrowers, the Parent Guarantor,
the lenders from time to time party thereto, the issuing banks from time to time party thereto and Deutsche Bank Trust Company Americas,
as administrative agent and collateral agent, including any

    	 	22	 

     

    

notes, guarantees, collateral and security documents, instruments
and agreements executed in connection therewith (including Hedging Obligations related to the Indebtedness incurred thereunder), and in
each case as such agreement or facility may be amended (including any amendment or restatement thereof), supplemented or otherwise modified
from time to time, including any agreement made in the commercial bank market exchanging, extending the maturity of, refinancing, renewing,
replacing, substituting or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding or removing
Subsidiaries as borrowers or guarantors thereunder) all or any portion of the Indebtedness under such agreement or facility or any successor
or replacement agreement or facility.

“LC Credit Agreement Agent”
means Deutsche Bank Trust Company Americas, in its capacity as administrative agent under the LC Credit Agreement, or its successor in
such capacity.

“LC Facility Obligations”
means the “Secured Obligations” as defined in the LC Credit Agreement.

“Legal Defeasance” has the
meaning specified in Section 1302.

“Lien” means any mortgage,
pledge, security interest, charge, lien or other encumbrance of any kind, whether or not filed, recorded or perfected under applicable
law; provided that “Lien” shall not include or cover setoff rights and other standard arrangements for netting payment
obligations in the settlement of obligations arising under (i) ISDA standard documents or agreements otherwise customary in swap or hedging
transactions, (ii) deposit, securities and commodity accounts and (iii) banking services (credit cards for commercial customers (including
commercial credit cards and purchasing cards), stored value cards, merchant processing services and treasury management services (including
controlled disbursement, automated clearinghouse transactions, return items, any direct debit scheme or arrangement, overdrafts and interstate
depository network services)).

“Majority Holders” means,
at any time, Holders of more than 50% of the outstanding principal amount of the Notes at such time, acting collectively or through legal
counsel in accordance with Section 104.

“Make Whole Premium” means,
with respect to a Note at any time as calculated by the Issuer, the excess, if any, of (a) the present value at such time of (i) the redemption
price of such Note at September 15, 2024 pursuant to Section 1103(a) plus (ii) any required interest payments due on such Note through
September 15, 2024 (except for currently accrued and unpaid interest), computed using a discount rate equal to the Treasury Rate at such
time plus 50 basis points, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day
months), over (b) the principal amount of such Note. The Trustee shall have no duty to calculate or verify the Issuer’s calculation
of the Make Whole Premium.

“Material Real Property”
means real property located in the United States of America, Canada or the United Kingdom owned by any Note Party with a net book value
in excess of $10.0 million and that is not an Excluded Asset and each Initial Issuance Date Real Property.

    	 	23	 

     

    

“Material Specified Subsidiary”
has the meaning given such term in the LC Credit Agreement as in effect on the date hereof.

“Mexican Guarantor” means
any Guarantor organized under the laws of the United Mexican States.

“Moody’s” means Moody’s
Investors Service, Inc., and its successors.

“Mortgage” means each mortgage,
deed of trust, debenture or other agreement which conveys or evidences a Lien in favor of the Collateral Agent on real property of any
Note Party.

“Net Proceeds” means the
aggregate cash proceeds and Cash Equivalents received by the Parent Guarantor or any of its Restricted Subsidiaries in respect of any
Asset Sale (including, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any noncash consideration
received in any Asset Sale but excluding any non-cash consideration deemed to be cash or Cash Equivalents pursuant to Section 1012),
net of:

(1)     the
direct costs relating to such Asset Sale, including, without limitation, legal, accounting and investment banking fees, title and recording
tax expenses and sales commissions, severance and associated costs, expenses and charges of personnel and any relocation expenses relating
to the properties or assets subject to or incurred as a result of the Asset Sale;

(2)     taxes
paid or payable or required to be accrued as a liability under GAAP as a result of the Asset Sale, in each case, after taking into account
any available tax credits or deductions and any tax sharing arrangements;

(3)     amounts
required to be applied to the repayment of Indebtedness or cash collateralization of letters of credit, bank guaranties, bankers’
acceptances and similar instruments, in each case (1) secured by Liens permitted hereunder on the properties or assets that were the subject
of such Asset Sale, to the extent (a) such Indebtedness constitutes Purchase Money Indebtedness, or (b) such Liens rank senior (or pari
passu on a first-out basis with respect to such assets) to the Liens securing the Notes and/or the Guarantees and are otherwise permitted
hereunder, or (2) in the case of an Asset Sale by a Restricted Subsidiary that is not a Note Party, of a Restricted Subsidiary that is
not a Note Party;

(4)     all
distributions and other payments required to be made to minority interest holders in Restricted Subsidiaries or joint ventures as a result
of such Asset Sale; and

(5)     any
amounts to be set aside in any reserve established in accordance with GAAP or any amount placed in escrow, in either case for adjustment
in respect of the sale price of such properties or assets or for liabilities associated with such Asset Sale and retained by the Parent
Guarantor or any of its Restricted Subsidiaries (including, without limitation, pension and other post-employment benefit liabilities
and liabilities related to environmental matters or against any indemnification obligations associated with such transaction) until such
time as such reserve is reversed or such escrow arrangement is

    	 	24	 

     

    

terminated, in which case Net Proceeds shall include only
the amount of the reserve so reversed or the amount returned to the Parent Guarantor or its Restricted Subsidiaries from such escrow arrangement,
as the case may be.

“Non-Recourse Debt” means
Indebtedness of an Unrestricted Subsidiary:

(1)     as
to which neither the Parent Guarantor nor any Restricted Subsidiary (a) provides credit support of any kind (including any undertaking,
agreement or instrument that would constitute Indebtedness), except for Customary Recourse Exceptions, (b) is directly or indirectly liable
as a guarantor or otherwise, or (c) constitutes the lender; and

(2)     no
default with respect to which (including any rights that the holders thereof may have to take enforcement action against an Unrestricted
Subsidiary) would permit upon notice, lapse of time or both any holder of any other Indebtedness of the Parent Guarantor or any Restricted
Subsidiary to declare a default on the other Indebtedness or cause the payment thereof to be accelerated or payable prior to its Stated
Maturity.

“Non-U.S. Person” means a
Person who is not a U.S. Person (as defined in Regulation S).

“Note Party” means the Issuer
or any Guarantor.

“Notes” means the 6.500%
Senior Secured First Lien Notes due 2028 issued by the Issuer under the Indenture constituting Initial Notes and, if any, Additional Notes.

“Notes Documents” means this
Indenture, the Notes, the Guarantees and the Collateral Documents.

“Notes/LC Priority Collateral”
means all Collateral other than ABL Priority Collateral.

“Obligation” means any principal,
interest, penalties, fees, indemnification, reimbursements, costs, expenses, damages and other liabilities payable under the documentation
governing any Indebtedness.

“OFAC” means The Office of
Foreign Assets Control of the U.S. Department of the Treasury.

“Officer” means any of the
following of the Issuer or any Guarantor: the Chairman of the Board, the Chief Executive Officer, the President, any Vice President, or
any other duly authorized officer of the Issuer or such Guarantor, as the case may be, or (save in the case of the Parent Guarantor) any
other person duly authorized by any such person.

“Officers’ Certificate”
means a certificate signed on behalf of the Issuer or a Guarantor, as appropriate, by two of its Officers, one of whom, in the case of
any Officers’ Certificate delivered pursuant to Section 1004, must be the principal/chief executive officer, the principal/chief
financial officer or the principal/chief accounting officer of the Issuer, that meets the requirements of Section 102 hereof.

    	 	25	 

     

    

“OID Legend” has the meaning
specified in Section 202.

“Opinion of Counsel” means
a written opinion from counsel, who may be an employee of or counsel for the Issuer, a Guarantor or a Restricted Subsidiary; provided
that, other than as expressly set forth herein, in the case of New York or U.S. federal law, such counsel will be reputable outside counsel
reasonably acceptable to the Trustee.

“Outstanding,” when used
with respect to the Notes, means, as of the date of determination, all Notes theretofore authenticated and delivered under the Indenture,
except:

(1)     Notes
theretofore cancelled by the Trustee or delivered to the Trustee for cancellation;

(2)     Notes
for whose payment or redemption money in the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other
than the Issuer or an Affiliate of the Issuer) in trust or set aside and segregated in trust by the Issuer (if the Issuer or an Affiliate
of the Issuer shall act as its own Paying Agent) for the Holders of such Notes; provided that, if such Notes are to be redeemed,
notice of such redemption has been duly given pursuant to the Indenture or provision therefor satisfactory to the Trustee has been made;

(3)     Notes
as to which Legal Defeasance has been effected pursuant to Section 1302; and

(4)     Mutilated,
destroyed, lost or stolen Notes which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Notes have
been authenticated and delivered pursuant to the Indenture, other than any such Notes in respect of which there shall have been presented
to the Trustee proof satisfactory to it that such Notes are held by a protected purchaser in whose hands such Notes are valid obligations
of the Issuer.

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

“Paying Agent” means any
Person authorized by the Issuer to pay the principal of or any premium or interest on any Notes on behalf of the Issuer.

“Permitted Business” means
the businesses engaged in by the Parent Guarantor and its Subsidiaries on the Initial Issuance Date and businesses that are reasonably
related, incidental or ancillary thereto or reasonable extensions thereof as determined by the Board of Directors of Parent Guarantor.

“Permitted Business Investment”
means Investments in any Person (other than an Unrestricted Subsidiary) made in the course of conducting a Permitted Business, whether
through agreements, transactions, joint ventures, expenditures or other arrangements that permit one to share risks or costs of such activities
or comply with regulatory requirements regarding

    	 	26	 

     

    

local ownership, including, without limitation, direct or indirect
ownership interests in all types of drilling, transportation and oilfield services assets, property and equipment.

“Permitted Factoring Transactions”
means receivables purchase facilities and factoring transactions in existence on the Initial Issuance Date or entered into by Parent Guarantor
or any Restricted Subsidiary with respect to Receivables originated by Parent Guarantor or such Restricted Subsidiary in the ordinary
course of business, which may contain Standard Securitization Undertakings.

“Permitted Holders” means
Capital Research and Management Company and its affiliates, on behalf of certain managed funds and accounts and Franklin Advisers, Inc.,
as investment manager on behalf of certain funds and accounts.

“Permitted Indebtedness”
has the meaning set forth in the second paragraph of Section 1008.

“Permitted Intercompany
Specified Transactions” means capital contributions or other Investments made by the Parent Guarantor or a Restricted Subsidiary
to or in a Restricted Subsidiary that is not a Note Party (a) in the ordinary course of business in order to comply with foreign
requirements of law and accounting standards and practices with respect to minimum levels of retained earnings or other similar legal
requirements, (b) in the ordinary course of business and in accordance with historical practices thereof in connection with submitting
RFPs, RFQs or other similar customer bids, (c) in the ordinary course of business and in accordance with historical practices thereof
in connection with tax optimization strategies, or (d) in the ordinary course of business and in accordance with historical practices
thereof in connection with funding operating losses of the recipient thereof.

“Permitted Intercompany
Treasury Management Transactions” means customary intercompany trade transactions, customary intercompany operational asset
transfers and customary intercompany cash management transfers, in each case made in the ordinary course of business of the Parent Guarantor
and its Restricted Subsidiaries and in accordance with historical practices thereof.

“Permitted Investment” means:

(1)     
Investments by the Parent Guarantor or any Restricted Subsidiary (a) in the Issuer or any Guarantor, (b) in any Person that
will become immediately after such Investment a Guarantor or that will merge or consolidate into the Issuer or any Guarantor and any Investment
held by any such Person at such time that was not incurred in contemplation of such acquisition, merger or consolidation or (c) that
exist on the Initial Issuance Date, and any renewal or extension of any such Investments that does not increase the amount of the Investment
being renewed or extended as determined as of such date of renewal or extension;

(2)     Investments
by any Restricted Subsidiary that is not a Note Party in any Restricted Subsidiary;

    	 	27	 

     

    

(3)     loans
and advances to directors, employees and officers of the Parent Guarantor and its Restricted Subsidiaries in the ordinary course of business;

(4)     Hedging
Obligations entered into in the ordinary course of business for bona fide hedging purposes of the Parent Guarantor or any Restricted Subsidiary
not for the purpose of speculation;

(5)     Investments
in cash and Cash Equivalents;

(6)     receivables
owing to the Parent Guarantor or any Restricted Subsidiary if created or acquired in the ordinary course of business; provided,
however, that such trade terms may include such concessionary trade terms as the Parent Guarantor or any such Restricted Subsidiary
deems reasonable under the circumstances;

(7)     Investments
in securities of trade creditors or customers received pursuant to any plan of reorganization or similar arrangement upon the bankruptcy
or insolvency of such trade creditors or customers or received in compromise or resolution of litigation, arbitration or other disputes
with such parties;

(8)     Investments
evidencing the right to receive a deferred purchase price or other consideration for the disposition of Receivables and Receivables Related
Security in connection with any Permitted Factoring Transaction;

(9)     guarantees
of performance or similar obligations (other than Indebtedness) arising in the ordinary course of business;

(10)     lease,
utility and other similar deposits in the ordinary course of business;

(11)     stock,
obligations or securities received in settlement of debts created in the ordinary course of business and owing to the Parent Guarantor
or any Restricted Subsidiary or in satisfaction of judgments;

(12)     Permitted
Business Investments;

(13)     guarantees
of Indebtedness of the Parent Guarantor or any of its Restricted Subsidiaries permitted in accordance with Section 1008;

(14)     repurchases
of, or other Investments in, the Notes and other First Priority Obligations;

(15)     advances
or extensions of credit in the nature of accounts receivable arising from the sale or lease of goods or services, the leasing of equipment
or the licensing of property in the ordinary course of business and payable or dischargeable in accordance with customary trade terms;
provided that such trade terms may include such concessionary trade terms as the Parent Guarantor or the applicable Restricted
Subsidiary deems reasonable under the circumstances;

    	 	28	 

     

    

(16)     Investments
made pursuant to commitments in effect on the Initial Issuance Date;

(17)     Investments
the payment for which consists of Equity Interests (exclusive of Disqualified Equity Interests) of the Parent Guarantor; provided,
however, that such Equity Interests will not increase the amount available for Restricted Payments under the Restricted Payments
Basket;

(18)     Investments
consisting of the licensing or contribution of intellectual property pursuant to joint marketing arrangements with other Persons;

(19)     other
Investments in any Person having an aggregate Fair Market Value (measured on the date each such Investment was made and without giving
effect to subsequent changes in value) that, when taken together with all other Investments made pursuant to this clause (19) since the
Initial Issuance Date and then outstanding, do not exceed the greater of (i) $150.0 million and (ii) 1.50% of the Parent Guarantor’s
Consolidated Tangible Assets;

(20)     performance
guarantees of any trade or non-financial operating contract (other than such contract that itself constitutes Indebtedness) in the ordinary
course of business;

(21)     Investments
by any Note Party in (a) any Restricted Subsidiary that is not a Note Party or (b) any Person that will become immediately after such
Investment a Restricted Subsidiary that is not a Note Party or that will merge or consolidate into a Restricted Subsidiary that is not
a Note Party and any Investment held by any such Person at such time that was not incurred in contemplation of such acquisition, merger
or consolidation; provided that the aggregate amount of all Investments made pursuant to this clause (21) since the Initial
Issuance Date and then outstanding in Restricted Subsidiaries that are not Note Parties and Persons that will become Restricted Subsidiaries
that are not Note Parties shall not exceed $50.0 million;

(22)     Investments
by any Note Party or Restricted Subsidiary in overnight time deposits in Argentina made in the ordinary course of business for bona fide
business purposes of the Parent Guarantor or any Restricted Subsidiary and not for the purpose of speculation; provided that the aggregate
outstanding amount of such Investments shall not exceed $50.0 million at any time outstanding;

(23)     Investments
received in consideration for an Asset Sale permitted by Section 1012;

(24)     Investments
constituting Permitted Intercompany Treasury Management Transactions; and

(25)     Investments
constituting Permitted Intercompany Specified Transactions, so long as at the time of such Investment, no Default or Event of Default
then exists or would arise as a result of the applicable transaction.

    	 	29	 

     

    

In determining whether any Investment is a Permitted
Investment, the Parent Guarantor may allocate or reallocate all or any portion of an Investment among the clauses of this definition and
any of the provisions of Section 1009.

“Permitted Liens” means the
following types of Liens: (i) any governmental Lien, mechanics’, materialmen’s, carriers’ or similar Lien incurred in
the ordinary course of business which is not overdue for more than 60 days or which is being contested in good faith by appropriate proceedings
and any undetermined Lien which is incidental to construction; (ii) the right reserved to, or vested in, any municipality or public authority
by the terms of any right, power, franchise, grant, license, permit or by any provision of law, to purchase or recapture or to designate
a purchaser of, any property, (iii) Liens of taxes and assessments which are (A) for the then current year, (B) not at the time delinquent,
or (C) delinquent but the validity of which is being contested at the time by the Parent Guarantor or any Subsidiary in good faith; (iv)
Liens of, or to secure performance of, leases; (v) any Lien upon, or deposits of, any assets in favor of any surety company or clerk of
court for the purpose of obtaining indemnity or stay of judicial proceedings; (vi) any Lien upon property or assets acquired or sold by
the Parent Guarantor or any Subsidiary resulting from the exercise of any rights arising out of defaults or receivables; (vii) any Lien
incurred in the ordinary course of business in connection with workmen’s compensation, unemployment insurance, temporary disability,
social security, retiree health or similar laws or regulations or to secure obligations imposed by statute or governmental regulations;
(viii) any Lien incurred to secure the performance of tenders, bids, leases, statutory obligations, surety and appeal bonds, government
contracts, performance and return-of-money bonds and other obligations of a like nature incurred in the ordinary course of business; (ix)
any Lien upon any property or assets in accordance with customary banking practice to secure any Indebtedness incurred by the Parent Guarantor
or any Subsidiary in connection with the exporting of goods to, or between, or the marketing of goods in, or the importing of goods from,
foreign countries; (x) any Lien upon property or assets in accordance with non-contingent reimbursement obligations of the Parent Guarantor
or any Subsidiary in respect of letters of credit, letters of guaranty and similar credit transactions; (xi) any Lien in favor of the
United States or any State thereof, or any other country, or any political subdivision of any of the foregoing, to secure partial, progress,
advance, or other payments pursuant to any contract or statute, or any Lien securing industrial development, pollution control, or similar
revenue bonds; or (xii) additional Liens securing obligations (other than Debt) not to exceed the greater of (a) $125.0 million and (b)
1.25% of the Parent Guarantor’s Consolidated Tangible Assets at any one time; (xiii) easements, rights-of-way, use restrictions,
minor defects or irregularities in title, reservations (including reservations in any original grant from any government of any land or
interests therein and statutory exceptions to title) and other similar encumbrances incurred in the ordinary course of business which,
in the aggregate, are not substantial in amount and which do not in any case materially detract from the value of the property subject
thereto or materially interfere with the ordinary conduct of the business of the Issuer, the Parent Guarantor or any other Guarantor hereto;
(xiv) judgment and attachment Liens not giving rise to an Event of Default or Liens created by or existing from any litigation or legal
proceeding that are currently being contested in good faith by appropriate proceedings, promptly instituted and diligently conducted,
and for which adequate reserves have been made to the extent required by GAAP and (xv) Liens on assets or property of a Restricted Subsidiary
of the Parent Guarantor that is not a Note Party securing Indebtedness or other obligations of any Restricted Subsidiary that is not a
Note Party.

    	 	30	 

     

    

“Person” means any individual,
corporation, company, limited liability company, partnership, limited partnership, joint venture, association, joint-stock company, trust,
other legal entity of any kind, unincorporated organization or government or agency or political subdivision thereof.

“Place of Payment” means
the place or places where the principal of and any premium and interest on the Notes are payable as specified in Section 1002.

“PPSA” means the Personal
Property Security Act (Alberta) or any other applicable Canadian federal or provincial statute pertaining to the granting, perfecting,
priority or ranking of security interests, liens, hypothecs on personal property, and any successor statutes, together with any regulations
thereunder, including, without limitation, the Civil Code of Quebec, in each case as in effect from time to time. References to sections
of the PPSA shall be construed to also refer to any successor sections.

“Predecessor Note” of any
particular Note means every previous Note evidencing all or a portion of the same debt as that evidenced by such particular Note; and,
for the purposes of this definition, any Note authenticated and delivered under Section 306 in exchange for or in lieu of a mutilated,
destroyed, lost or stolen Note shall be deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note.

“Preferred Stock” means,
with respect to any Person, any and all preferred or preference stock or shares or other Equity Interests (however designated) of such
Person whether now outstanding or issued after the Initial Issuance Date that is preferred as to the payment of dividends upon liquidation,
dissolution or winding up.

“Process Agent” has the meaning
specified in Section 112.

“Purchase Money Indebtedness”
means Indebtedness, including Capitalized Lease Obligations and Attributable Indebtedness, of the Parent Guarantor or any Restricted Subsidiary
incurred for the purpose of financing all or any part of the purchase price of property, plant or equipment used in the business of the
Parent Guarantor or any Restricted Subsidiary or the cost of design, installation, construction or improvement thereof; provided,
however, that the amount of such Indebtedness shall not exceed such purchase price or cost.

“Qualified Equity Interests”
of any Person means Equity Interests of such Person other than Disqualified Equity Interests; provided that such Equity Interests
shall not be deemed Qualified Equity Interests to the extent sold or owed to a Subsidiary of such Person or financed, directly or indirectly,
using funds (1) borrowed from such Person or any Subsidiary of such Person until and to the extent such borrowing is repaid or (2) contributed,
extended, guaranteed or advanced by such Person or any Subsidiary of such Person (including, without limitation, in respect of any employee
stock ownership or benefit plan). Unless otherwise specified, Qualified Equity Interests refer to Qualified Equity Interests of the Parent
Guarantor.

“Ratings Agencies” means
(1) each of Moody’s and S&P and (2) if either of Moody’s or S&P ceases to rate the Notes or fails to make a rating
of the Notes publicly available for reasons outside of the Weatherford Parent Company’s control, a “nationally recognized
statistical rating organization” within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act, selected

    	 	31	 

     

    

by the Weatherford Parent Company (as certified by a resolution
of the Weatherford Parent Company’s Board of Directors) as a replacement agency for Moody’s or S&P, or both of them, as
the case may be.

“Receivables” means any right
to payment of Parent Guarantor or any Restricted Subsidiary created by or arising from sales of goods, leases of goods or the rendition
of services rendered no matter how evidenced and whether or not earned by performance (and whether constituting accounts, general intangibles,
chattel paper or otherwise).

“Receivables Related Security”
means all contracts, contract rights, guarantees and other obligations related to Receivables, all proceeds and collections of Receivables
and all other assets and security of a type that are customarily sold or transferred in connection with receivables purchase facilities
and factoring transactions of a type that could constitute Permitted Factoring Transactions.

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

“Redeemed Unsecured Notes” has
the meaning given to such term in Section 1009.

“Redemption Date,” when used
with respect to any Note to be redeemed, means the date fixed for such redemption by or pursuant to the Indenture.

“Redemption Price,” when
used with respect to any Note to be redeemed, means the price at which it is to be redeemed pursuant to the Indenture.

“Redesignation” has the meaning
given to such term in Section 1006.

“Redomestication” means:

(a)     any
amalgamation, merger, plan or scheme of arrangement, exchange offer, business combination, reincorporation, reorganization, consolidation
or similar action of the Weatherford Parent Company with or into any other person (as such term is used in Section 13(d) of the Exchange
Act), or of any other person (as such term is used in Section 13(d) of the Exchange Act) with or into the Weatherford Parent Company,
or the sale, distribution or other disposition (other than by lease) of all or substantially all of the properties or assets of the Weatherford
Parent Company and its Subsidiaries taken as a whole to any other person (as such term is used in Section 13(d) of the Exchange Act),

(b)     any
continuation, discontinuation, domestication, redomestication, amalgamation, merger, plan or scheme of arrangement, exchange offer, business
combination, reincorporation, reorganization, conversion, consolidation or similar action with respect to the Weatherford Parent Company
pursuant to the law of the jurisdiction of its organization and of any other jurisdiction, or

    	 	32	 

     

    

(c)     the
formation of a Person that becomes, as part of the transaction or series of related transactions, the direct or indirect owner of substantially
all of the voting shares of the Weatherford Parent Company (the “New Parent”),

if as a result thereof

(x)     in
the case of any action specified in clause (a), the entity that is the surviving, resulting or continuing Person in such amalgamation,
merger, plan or scheme of arrangement, exchange offer, business combination, reincorporation, reorganization, consolidation or similar
action, or the transferee in such sale, distribution or other disposition,

(y)     in
the case of any action specified in clause (b), the entity that constituted the Weatherford Parent Company immediately prior thereto (but
disregarding for this purpose any change in its jurisdiction of organization), or

(z)     in
the case of any action specified in clause (c), the New Parent

(in any such case, the “Surviving Person”) is
a corporation or other entity, validly incorporated or formed and existing in good standing (to the extent the concept of good standing
is applicable) under the laws of any jurisdiction, whose voting shares of each class of capital stock issued and outstanding immediately
following such action, and giving effect thereto, shall be beneficially owned by substantially the same Persons, in substantially the
same percentages, as was such capital stock or shares of the entity constituting the Weatherford Parent Company immediately prior thereto
and, if the Surviving Person is the New Parent, the Surviving Person continues to be owned, directly or indirectly, by substantially all
of the Persons who were shareholders of the Weatherford Parent Company immediately prior to such transaction.

“refinance” means to refinance,
repay, prepay, replace, renew or refund.

“Refinancing Indebtedness”
means Indebtedness of the Parent Guarantor or a Restricted Subsidiary incurred in exchange for, or the proceeds of which are used to refinance,
in whole or in part, any Indebtedness of the Parent Guarantor or any Restricted Subsidiary (the “Refinanced Indebtedness”);
provided that:

(1)     the
principal amount (or accreted value, in the case of Indebtedness issued at a discount) of the Refinancing Indebtedness (including undrawn
or available committed amounts) does not exceed the principal amount of the Refinanced Indebtedness (including undrawn or available committed
amounts) plus the amount of accrued and unpaid interest on the Refinanced Indebtedness, any premium paid to the holders of the Refinanced
Indebtedness and reasonable expenses incurred in connection with the incurrence of the Refinancing Indebtedness;

(2)     the
obligor of the Refinancing Indebtedness does not include any Person (other than the Issuer or any Guarantor) that is not an obligor of
the Refinanced Indebtedness, unless the inclusion of such obligor on the Refinancing Indebtedness would not require it to guarantee the
Notes under Section 1014(a);

    	 	33	 

     

    

(3)     if
the Refinanced Indebtedness was subordinated in right of payment to the Notes or the Guarantees, as the case may be, then such Refinancing
Indebtedness, by its terms, is subordinate in right of payment to the Notes or the Guarantees, as the case may be, at least to the same
extent as the Refinanced Indebtedness;

(4)     the
Refinancing Indebtedness has a Stated Maturity either (a) other than with respect to all or any portion of the Unsecured Notes, no earlier
than the Refinanced Indebtedness being repaid or amended or (b) no earlier than 91 days after the maturity date of the Notes;

(5)     the
portion, if any, of the Refinancing Indebtedness that is scheduled to mature on or prior to the maturity date of the Notes has a Weighted
Average Life to Maturity at the time such Refinancing Indebtedness is incurred that is equal to or greater than the Weighted Average Life
to Maturity of the portion of the Refinanced Indebtedness being repaid that is scheduled to mature on or prior to the maturity date of
the Notes; and

(6)     with
respect to Refinancing Indebtedness incurred in respect of all or any portion of the Unsecured Notes, such Refinancing Indebtedness shall
not require any redemption, prepayment or repayment, at the option of the holder thereof, or mature or be mandatorily redeemable, pursuant
to a sinking fund obligation or otherwise, in whole or in part, on or prior to the date which is 91 days after the Stated Maturity of
the Notes; provided, however, that any such Refinancing Indebtedness may provide that the holders thereof have the right
to require such Person to redeem or repurchase such Refinancing Indebtedness upon the occurrence of a change of control or sale of assets
occurring prior to the 91st day after the Stated Maturity of the Notes if the change of control and asset sale provisions applicable to
such Refinancing Indebtedness are no more favorable to such holders than the provisions of, as applicable, Section 1007 and Section
1012.

“Regular Record Date” for
the interest payable on any Interest Payment Date on the Notes means the date specified for that purpose as contemplated by Section 301.

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

“Related Taxes” means, without
duplication:

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

(a)     being
organized or having Equity Interests outstanding (but not by virtue of owning stock or other Equity Interests of any corporation or other
entity other than, directly or indirectly, the Parent Guarantor or any of the Parent Guarantor’s Subsidiaries);

    	 	34	 

     

    

(b)     being
a holding company parent, directly or indirectly, of the Parent Guarantor or any of the Parent Guarantor’s Subsidiaries;

(c)     receiving
dividends from or other distributions in respect of the Equity Interests of, directly or indirectly, the Parent Guarantor or any of the
Parent Guarantor’s Subsidiaries; or

(d)     having
made any payment in respect to any of the items for which the Parent Guarantor or any of the Parent Guarantor’s Subsidiaries is
permitted to make payments to any Successor Parent pursuant to Section 1009; and

(2)     if
and for so long as the Parent Guarantor or any of the Parent Guarantor’s Subsidiaries is a member of a group filing a consolidated,
unitary or combined tax return with any Successor Parent, any taxes measured by income for which such Successor Parent is liable up to
an amount not to exceed with respect to such taxes the amount of any such taxes that Parent Guarantor and its Subsidiaries would have
been required to pay on a separate company basis or on a consolidated basis if Parent Guarantor and its Subsidiaries had paid tax on a
consolidated, combined, group, affiliated or unitary basis on behalf of an affiliated group consisting only of Parent Guarantor and its
Subsidiaries.

“Required Currency” has the
meaning specified in Section 117.

“Resale Restriction Termination Date”
has the meaning specified in Section 311.

“Responsible Officer,” when
used with respect to the Trustee or the Collateral Agent, as applicable, means any officer within the corporate trust department of the
Trustee or the Collateral Agent, as applicable, including any director, managing director, vice president, assistant vice president, assistant
secretary, assistant treasurer, associate, trust officer or any other officer of the Trustee or the Collateral Agent, as applicable, who
customarily performs functions similar to those performed by the persons who at the time shall be such officers, respectively, or to whom
any corporate trust matter relating to this Indenture is referred because of such person’s knowledge of and familiarity with the
particular subject and who shall have direct responsibility for the administration of the Indenture.

“Restricted Note” means any
Notes required to bear the Restricted Notes Legend.

“Restricted Notes Legend”
has the meaning specified in Section 202.

“Restricted Payment” means
any of the following:

(1)     the
declaration or payment of any dividend or any other distribution (whether made in cash, securities or other property) on or in respect
of Equity Interests of the Parent Guarantor or any Restricted Subsidiary or any payment made to the direct or indirect holders (in their
capacities as such) of Equity Interests of the Parent Guarantor or any Restricted Subsidiary, including, without limitation, any payment
in connection with any merger, amalgamation or consolidation involving the Parent Guarantor or any of its Restricted Subsidiaries but
excluding (a) dividends or distributions payable solely in Qualified Equity Interests or through accretion or accumulation of such dividends
on

    	 	35	 

     

    

such Equity Interests and (b) in the case of Restricted Subsidiaries,
dividends or distributions payable to the Parent Guarantor or to a Restricted Subsidiary (and if such Restricted Subsidiary is not a Wholly-Owned
Subsidiary, to its other holders of its Equity Interests on a pro rata basis);

(2)     the
purchase, redemption, defeasance or other acquisition or retirement for value of any Equity Interests of the Parent Guarantor or any other
direct or indirect parent of the Issuer held by Persons other than the Parent Guarantor or a Restricted Subsidiary (including, without
limitation, any payment in connection with any merger, amalgamation or consolidation involving the Parent Guarantor);

(3)     any
Investment other than a Permitted Investment; or

(4)     any
principal payment on, purchase, redemption, defeasance, prepayment, decrease or other acquisition or retirement for value prior to any
scheduled maturity or prior to any scheduled repayment of principal or sinking fund payment, as the case may be, in respect of any Junior
Financing (other than any such payment made within one year of any such scheduled maturity or scheduled repayment or sinking fund payment
and other than any Junior Financing owed to and held by the Parent Guarantor or any Restricted Subsidiary permitted under clause (6) of
the definition of “Permitted Indebtedness”).

“Restricted Payments Basket”
has the meaning given to such term in the first paragraph of Section 1009.

“Restricted Subsidiary” means
any Subsidiary of the Parent Guarantor other than an Unrestricted Subsidiary.

“Rule 144A” means Rule 144A
promulgated under the Securities Act or any successor to such rule.

“S&P” means S&P Global
Ratings, a division of The McGraw-Hill Companies, Inc., and its successors.

“Sale-Leaseback Transaction”
means any arrangement with any Person providing for the leasing by the Parent Guarantor or any Subsidiary, for a period of more than three
years, of any real or personal property, which property has been or is to be sold or transferred by the Parent Guarantor or such Subsidiary
to such Person in contemplation of such leasing.

“Sanctioned Country” means
a country subject to a sanctions program identified on the list maintained by OFAC and available at https://www.treasury.gov/resource-center/sanctions/Programs/Pages/Programs.aspx/,
or as otherwise published from time to time.

“Sanctioned Entity” means
(a) a country or territory or a government of a country or territory, (b) an agency of the government of a country or territory, (c) an
organization directly or indirectly controlled by a country or territory or its government, or (d) a Person resident in or determined
to be resident in a country or territory, in each case of clauses (a) through (d) that is a

    	 	36	 

     

    

target of Sanctions, including a target of any country sanctions
program administered and enforced by OFAC.

“Sanctions” means individually
and collectively, respectively, any and all economic sanctions, trade sanctions, financial sanctions, sectoral sanctions, secondary sanctions,
trade embargoes anti-terrorism laws and other sanctions laws, regulations or embargoes, including those imposed, administered or enforced
from time to time by: (a) the United States of America, including those administered by OFAC, the U.S. Department of State, the U.S. Department
of Commerce, or through any existing or future executive order, (b) the United Nations Security Council, (c) the European Union or any
European Union member state, (d) Her Majesty’s Treasury of the United Kingdom, (e) any Governmental Authority of Canada under the
Special Economics Measures Act (Canada) or other applicable Canadian legislation or (f) any other Governmental Authority with jurisdiction
over any member of Holder Group or any Note Party or any of their respective Subsidiaries or Affiliates.

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

“Securities Act” means the
U.S. Securities Act of 1933, as amended.

“Securities Custodian” means
the custodian with respect to a Global Note (as appointed by the Depositary), or any successor Person thereto and shall initially be the
Trustee.

“Security Agreement” means
the U.S. Security Agreement, dated as of September 30, 2021, among the Issuer, the Parent Guarantor, Weatherford Delaware and the other
Grantors party thereto, as amended, restated, supplemented or otherwise modified from time to time.

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

“Significant Subsidiary”
means the Issuer and any Restricted Subsidiary that would be a “significant subsidiary” as defined in Rule 1-02 of Regulation
S-X promulgated pursuant to the Securities Act as such Regulation was in effect on the Initial Issuance Date.

“Special Record Date” for
the payment of any Defaulted Interest means a date fixed by the Issuer pursuant to Section 307.

“Specified Cash Management Agreements”
means any agreement providing for treasury, depositary, purchasing card or cash management services, including in connection with any
automated clearing house transfers of funds or any similar transactions between the Parent Guarantor or any Restricted Subsidiary and
any lender.

“Specified
Deposit Account” means any Deposit Account of a Note Party other than an Excluded Account.

“Specified Eligible Deposit Account”
means, with respect to any Note Party, such Note Party’s deposit accounts located in an Eligible Jurisdiction; provided that, if
any such deposit account of a Note Party located in an Eligible Jurisdiction becomes subject to a Deposit Account Control Agreement, such
deposit account shall cease to be a Specified Eligible Deposit Account.

    	 	37	 

     

    

“Specified Filing Jurisdiction”
means the United States of America (or any state thereof), Canada (or any province or territory thereof) and each other jurisdiction whose
law generally requires information concerning the existence of a nonpossessory security interest to be made generally available in a filing,
recording or registration system as a condition or result of the security interest’s obtaining priority over the rights of a lien
creditor over the collateral.

“Specified Holders” means
any Person that is both (a) not the Issuer or any Guarantor or any Person directly or indirectly controlled by the Issuer or any Guarantor
and (b) (1) a Permitted Holder, (2) any controlling stockholder, controlling member, general partner, majority owned Subsidiary, or spouse
or immediate family member (in the case of an individual) of any Specified Holder, (3) any estate, trust, corporation, partnership or
other entity, the beneficiaries, stockholders, partners, owners or Persons holding a controlling interest of which consist solely of one
or more Persons referred to in the immediately preceding clauses (1) and (2), (4) any executor, administrator, trustee, manager, director
or other similar fiduciary of any Person referred to in the immediately preceding clause (3) acting solely in such capacity, (5) any investment
fund or other entity controlled by, or under common control with, a Specified Holder or the principals that control a Specified Holder,
or (6) upon the liquidation of any entity of the type described in the immediately preceding clause (5), the former partners or beneficial
owners thereof.

“Specified Ineligible Deposit Account”
means, with respect to any Note Party, such Note Party’s Deposit Accounts located in an Ineligible Jurisdiction.

“Specified Jurisdiction”
means (a) the United States of America (or any state thereof), Canada (or any province or territory thereof), the United Kingdom, Ireland,
Switzerland, Luxembourg, Bermuda, the British Virgin Islands, the Netherlands, Argentina, Australia, Norway, Germany, Panama, Mexico,
Brazil and certain other jurisdictions to be mutually agreed from time to time between the Majority Holders and the Parent Guarantor and
(b) any “Specified Jurisdiction” under the LC Credit Agreement. In no event shall any Excluded Jurisdiction be or become a
Specified Jurisdiction.

“Standard Securitization Undertakings”
means representations, warranties, covenants, indemnities and guarantees of performance entered into by Parent Guarantor or any Restricted
Subsidiary thereof which Parent Guarantor has determined in good faith to be customary in a receivables financing, it being understood
that any Receivables Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking.

“Stated Maturity” means,
with respect to any Indebtedness, the date specified in the agreement governing or certificate relating to such Indebtedness as the fixed
date on which the final payment of principal of such Indebtedness is due and payable, including pursuant to any mandatory redemption provision,
but shall not include any contingent obligations to repay, redeem or repurchase any such principal prior to the date originally scheduled
for the payment thereof.

“Subordinated Indebtedness”
means Indebtedness of the Issuer or any Guarantor that is expressly subordinated in right of payment to the Notes or any Guarantee, respectively.

    	 	38	 

     

    

“Subsidiary” means, with
respect to any Person:

(1)     any
corporation of which more than 50.0% of the total voting power of the Voting Stock thereof is at the time owned, directly or indirectly,
by such Person or one or more of the other Subsidiaries of such Person; and

(2)     any
partnership or similar business organization more than 50.0% of the ownership interests having ordinary voting power of which shall at
the time be so owned.

Unless otherwise specified, “Subsidiary” refers to a
Subsidiary of the Parent Guarantor. Notwithstanding the foregoing, none of Weatherford\Al-Rushaid Limited, Weatherford Saudi Arabia Limited
or Al-Shaheen Weatherford shall be considered a “Subsidiary” for purposes of the Indenture.

“Subsidiary Guarantor” means
any Person named as a “Subsidiary Guarantor” in the first paragraph of the Indenture and any other Restricted Subsidiary that
after the Initial Issuance Date becomes a party to the Indenture for purposes of providing a Guarantee with respect to the Notes, in each
case, until such Person is released from its Guarantee in accordance with the terms of the Indenture.

“Successor Parent” means
any Person which legally and beneficially owns more than 50% of the Voting Stock and/or Equity Interests of the Parent Guarantor or any
Restricted Subsidiary, either directly or through one or more Subsidiaries.

“Successor Person” has the
meaning set forth in Section 801.

“Treasury Rate” means the
yield to maturity at the time of computation of United States Treasury securities with a constant maturity (as compiled and published
in the most recent Federal Reserve Statistical Release H.15(519) which has become publicly available at least two Business Days prior
to the redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data))
most nearly equal to the period from the redemption date to September 15, 2024; provided, however, that if such period is not equal
to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Issuer shall obtain the Treasury
Rate by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury
securities for which such yields are given, except that if the period from the redemption date to September 15, 2024 is less than one
year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall
be used. The Issuer will (a) calculate the Treasury Rate on the second Business Day preceding the applicable redemption date and (b) prior
to such redemption date deliver to the Trustee an Officers’ Certificate and the Holders a notice setting forth the Make Whole Premium
and the Treasury Rate and showing the calculation of each in reasonable detail.

“Trust Indenture Act” means
the Trust Indenture Act of 1939 as in force at the date as of which the Indenture was executed; provided, however, that
in the event the Trust Indenture Act of 1939 is amended after such date “Trust Indenture Act” means, to the extent required
by any such amendment, the Trust Indenture Act of 1939 as so amended.

    	 	39	 

     

    

“Trustee” means the Person
named as the “Trustee” in the first paragraph of the Indenture until a successor Trustee shall have become such pursuant to
the applicable provisions of the Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee
under the Indenture, and if at any time there is more than one such Person, “Trustee” shall mean the Trustee with respect
to the Notes.

“UETA” means the Uniform
Electronic Transactions Act as in effect from time to time in any applicable jurisdiction.

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

“Unrestricted Subsidiary”
means (1) any Subsidiary that at the time of determination shall be designated an Unrestricted Subsidiary by the Board of Directors of
the Parent Guarantor in accordance with Section 1006 and (2) any Subsidiary of an Unrestricted Subsidiary. Notwithstanding the preceding,
if at any time, any Unrestricted Subsidiary would fail to meet the requirements as an Unrestricted Subsidiary in Section 1006, it
shall thereafter cease to be an Unrestricted Subsidiary for purposes of the Indenture.

“Unsecured Notes” means the
11.00% Senior Notes due 2024 of the Issuer, issued under the Unsecured Notes Indenture.

“Unsecured Notes Indenture”
means the Indenture, dated as of December 13, 2019, among the Issuer, as issuer, the Parent Guarantor, as a guarantor, the other guarantors
party thereto, and Deutsche Bank Trust Company Americas, as trustee, as supplemented or otherwise modified from time to time.

“U.S. Government Obligations”
means securities which are (i) direct obligations of the United States for the payment of which its full faith and credit is pledged or
(ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States, the payment
of which is unconditionally guaranteed as a full faith and credit obligation by the United States, each of which are not callable or redeemable
at the option of the issuer thereof.

“Voting Stock” with respect
to any Person, means securities of any class of Equity Interests of such Person entitling the holders thereof (whether at all times or
only so long as no senior class of stock or other relevant Equity Interest has voting power by reason of any contingency) to vote in the
election of members of the Board of Directors of such Person.

“Weatherford Parent Company”
means initially the Parent Guarantor or, if a Redomestication has occurred subsequent to the Initial Issuance Date and prior to the event
in question or the date of determination, the Surviving Person resulting from such prior Redomestication.

“Weighted Average Life to Maturity”
when applied to any Indebtedness at any date, means the number of years obtained by dividing (1) the sum of the products obtained by multiplying
(a) the amount of each then remaining installment, sinking fund, serial maturity or other required payment of principal, including payment
at Stated Maturity, in respect thereof by (b) the number of years (calculated to the nearest one-twelfth) that will elapse between such
date

    	 	40	 

     

    

and the making of such payment by (2) the then outstanding principal
amount of such Indebtedness.

“Wholly-Owned Subsidiary”
means a Restricted Subsidiary, all of the Equity Interests of which (other than directors’ qualifying shares) are owned by the Parent
Guarantor or another Wholly-Owned Subsidiary.

“WOFS Assurance” means WOFS
Assurance Limited, a Bermuda exempted company.

		Section 102.	Compliance Certificates and Opinions.

Upon any application or request by the Issuer
or any Guarantor to the Trustee or Collateral Agent, as the case may be, to take or refrain from taking any action under any provision
of the Indenture, the Issuer or such Guarantor, as the case may be, shall furnish to the Trustee and the Collateral Agent, if applicable,
an Officers’ Certificate and an Opinion of Counsel.

Every certificate or opinion with respect to
compliance with a condition or covenant provided for in the Indenture and the Notes Documents shall include,

(a)     
a statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions
herein relating thereto;

(b)     
a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained
in such certificate or opinion are based;

(c)     
a statement that, in the opinion of each such individual, he has made such examination or investigation as is necessary
to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and

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

		Section 103.	Form of Documents Delivered to Trustee.

In any case where several matters are required
to be certified by, or covered by an opinion of, any specified person, it is not necessary that all such matters be certified by, or covered
by the opinion of, only one such person, or that they be so certified or covered by only one document, but one such person may certify
or give an opinion with respect to some matters and one or more other such persons as to other matters, and any such person may certify
or give an opinion as to such matters in one or several documents.

Any certificate or opinion of an Officer of
the Issuer or a Guarantor may be based, insofar as it relates to legal matters, upon a certificate or opinion of, or representations by,
counsel, unless such Officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations
with respect to the matters upon which his certificate or opinion is based are erroneous. Any such certificate or Opinion of Counsel may
be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an

    	 	41	 

     

    

Officer or Officers of the Issuer stating that the information with
respect to such factual matters is in the possession of the Issuer, unless such counsel knows, or in the exercise of reasonable care should
know, that the certificate or opinion or representations with respect to such matters are erroneous.

Where any Person is required to make, give or
execute two or more applications, requests, consents, certificates, statements, opinions or other instruments under the Indenture, they
may, but need not, be consolidated and form one instrument.

		Section 104.	Acts of Holders; Record Dates; Majority Holders.

Any request, demand, authorization, direction,
notice, consent, waiver or other action provided or permitted by the Indenture to be given, made or taken by Holders of the Notes may
be embodied in and evidenced by one or more instruments of substantially similar tenor signed (either physically or by means of a facsimile
or an electronic transmission) by such Holders in person or by agent duly appointed in writing; and, except as herein otherwise expressly
provided, such action shall become effective when such instrument or instruments are delivered to the Trustee and, where it is hereby
expressly required, to the Issuer or the Guarantors. Such instrument or instruments (and the action embodied therein and evidenced thereby)
are herein sometimes referred to as the “Act” of the Holders signing such instrument or instruments. Proof of execution of
any such instrument or of a writing appointing any such agent shall be sufficient for any purpose of the Indenture and conclusive in favor
of the Trustee and the Issuer and, if applicable, the Subsidiary Guarantors, if made in the manner provided in this Section.

The fact and date of the execution by any Person
of any such instrument or writing may be proved by the affidavit of a witness of such execution or by a certificate of a notary public
or other officer authorized by law to take acknowledgments of deeds, certifying that the individual signing such instrument or writing
acknowledged to him the execution thereof. Where such execution is by a signer acting in a capacity other than his individual capacity,
such certificate or affidavit shall also constitute sufficient proof of his authority.

The ownership, principal amount and serial numbers
of Notes held by any Person, and the date of commencement of such Person’s holding of same, shall be proved by the Security Register.

Any request, demand, authorization, direction,
notice, consent, waiver or other Act of the Holder of any Note shall bind every future Holder of Notes and the Holder of every Note issued
upon the registration of transfer thereof or in exchange therefor or in lieu thereof in respect of anything done, omitted or suffered
to be done by the Trustee or the Issuer or, if applicable, the Subsidiary Guarantors in reliance thereon, whether or not notation of such
action is made upon such Note.

The Issuer may set any day as a record date
for the purpose of determining the Holders of Outstanding Notes entitled to give, make or take any request, demand, authorization, direction,
notice, consent, waiver or other Act provided or permitted by the Indenture to be given, made or taken by Holders of Notes, provided
that the Issuer may not set a record date for, and the provisions of this paragraph shall not apply with respect to, the giving or
making of any notice,

    	 	42	 

     

    

declaration, request or direction referred to in the next paragraph.
If any record date is set pursuant to this paragraph, the Holders of Outstanding Notes on such record date, and no other Holders, shall
be entitled to take the relevant action, whether or not such Holders remain Holders after such record date; provided that no such
action shall be effective hereunder unless taken on or prior to the applicable Expiration Date by Holders of the requisite principal amount
of Outstanding Notes on such record date. Nothing in this paragraph shall be construed to prevent the Issuer from setting a new record
date for any action for which a record date has previously been set pursuant to this paragraph (whereupon the record date previously set
shall automatically and with no action by any Person be cancelled and of no effect), and nothing in this paragraph shall be construed
to render ineffective any action taken by Holders of the requisite principal amount of Outstanding Notes on the date such action is taken.
Promptly after any record date is set pursuant to this paragraph, the Issuer, at its own expense, shall cause notice of such record date,
the proposed action by Holders and the applicable Expiration Date to be given to the Trustee in writing and to each Holder of Notes in
the manner set forth in Section 106.

The Trustee may set any day as a record date
for the purpose of determining the Holders of Notes entitled to join in the giving or making of (i) any notice of Default, (ii) any declaration
of acceleration referred to in Section 502, (iii) any request to institute proceedings referred to in Section 507(2) or (iv) any
direction referred to in Section 512. If any record date is set pursuant to this paragraph, the Holders of Outstanding Notes on such
record date, and no other Holders, shall be entitled to join in such notice, declaration, request or direction, whether or not such Holders
remain Holders after such record date; provided that no such action shall be effective hereunder unless taken on or prior to the
applicable Expiration Date by Holders of the requisite principal amount of Outstanding Notes on such record date. Nothing in this paragraph
shall be construed to prevent the Trustee from setting a new record date for any action for which a record date has previously been set
pursuant to this paragraph (whereupon the record date previously set shall automatically and with no action by any Person be cancelled
and of no effect), and nothing in this paragraph shall be construed to render ineffective any action taken by Holders of the requisite
principal amount of Outstanding Notes on the date such action is taken. Promptly after any record date is set pursuant to this paragraph,
the Trustee, at the Issuer’s expense, shall cause notice of such record date, the proposed action by Holders and the applicable
Expiration Date to be given to the Issuer in writing and to each Holder of Notes in the manner set forth in Section 106.

With respect to any record date set pursuant
to this Section, the party hereto which sets such record date may designate any day as the “Expiration Date” and from time
to time may change the Expiration Date to any earlier or later day; provided that no such change shall be effective unless notice
of the proposed new Expiration Date is given to each other party hereto in writing, and to each Holder of Notes in the manner set forth
in Section 106, on or prior to the existing Expiration Date. If an Expiration Date is not designated with respect to any record date
set pursuant to this Section, the party hereto which set such record date shall be deemed to have initially designated the 180th day after
such record date as the Expiration Date with respect thereto, subject to its right to change the Expiration Date as provided in this paragraph.
Notwithstanding the foregoing, no Expiration Date shall be later than the 180th day after the applicable record date.

    	 	43	 

     

    

Without limiting the foregoing, a Holder entitled
hereunder to take any action hereunder with regard to the Notes may do so with regard to all or any part of the principal amount of such
Note or by one or more duly appointed agents each of which may do so pursuant to such appointment with regard to all or any part of such
principal amount.

Whenever in this Indenture or the other Notes
Documents, a determination is to be made by, a discretion is to be exercised by or other action taken by Majority Holders acting through
legal counsel, the Trustee and Collateral Agent shall be entitled to conclusively rely on a written statement by such legal counsel that
it is acting on behalf of such Majority Holders as conclusive evidence of the act of Majority Holders. Neither the Trustee nor Collateral
Agent shall have any duty to investigate whether such legal counsel is counsel to the Majority Holders, whether such determination, discretion
or action has been authorized by Majority Holders or whether the Majority Holders identified by such legal counsel actually are Holders
of a majority of principal amount of the outstanding Notes, and neither the Trustee nor the Collateral Agent shall have any liability
to any Note Party, any Holder or any other Person for acting in reliance on such statement.

		Section 105.	Notices, Etc., to Trustee, Issuer and Guarantors.

Any request, demand, authorization, direction,
notice, consent, waiver or other Act of Holders or other document provided or permitted by the Indenture to be made upon, given or furnished
to, or filed with,

(a)     
the Trustee or Collateral Agent by any Holder or by the Issuer or by any Guarantor shall be sufficient for every purpose
hereunder if made, given, furnished or filed in writing to or with the Trustee or Collateral Agent, as applicable, at its Corporate Trust
Office, or

(b)     
the Issuer or a Guarantor by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise
herein expressly provided) if in writing and mailed, first-class postage prepaid, addressed to the Issuer or the Guarantor, as the case
may be, in c/o Weatherford International, LLC, at 2000 St. James Place, Houston, Texas 77056, Attention: Corporate Secretary, or at any
other address previously furnished in writing to the Trustee by the Issuer or the Guarantors.

		Section 106.	Notice to Holders; Waiver.

Where the Indenture provides for notice to Holders
of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided) if in writing and mailed, first-class
postage prepaid (or sent electronically in accordance with the procedures of the Depositary in cases where the Holder is the Depositary
or its nominee) to each Holder affected by such event, at its address as it appears in the Security Register, not later than the latest
date (if any), and not earlier than the earliest date (if any), prescribed for the giving of such notice. In any case where notice to
Holders is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall
affect the sufficiency of such notice with respect to other Holders. If notice is mailed to Holders in the manner provided in this Section 106,
it is duly given, whether or not the addressee receives it. Where the Indenture provides for notice in any manner, such notice may be
waived in writing by the Person entitled to

    	 	44	 

     

    

receive such notice, either before or after the event, and such
waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not
be a condition precedent to the validity of any action taken in reliance upon such waiver.

In case by reason of the suspension of regular
mail service or by reason of any other cause it shall be impracticable to give such notice by mail, then such notification as shall be
made in consultation with the Trustee shall constitute a sufficient notification for every purpose hereunder.

		Section 107.	Trust Indenture Act.

The provisions of the Trust Indenture Act shall
not apply to this Indenture.

		Section 108.	Effect of Headings and Table of Contents.

The Article and Section headings herein and
the Table of Contents are for convenience only and shall not affect the construction hereof.

		Section 109.	Successors and Assigns.

All covenants and agreements in the Indenture
by the Issuer, the Guarantors or the Trustee shall bind their respective successors and assigns, whether so expressed or not.

		Section 110.	Separability Clause.

In case any provision in the Indenture or the
Notes shall be invalid, illegal or unenforceable, the validity, legality and enforce ability of the remaining provisions shall not in
any way be affected or impaired thereby.

		Section 111.	Benefits of Indenture.

Nothing in the Indenture or the Notes, express
or implied, shall give to any Person, other than the parties hereto and their successors hereunder and the Holders, any benefit or any
legal or equitable right, remedy or claim under the Indenture. Notwithstanding the foregoing sentence, the Trustee, in each of its representative
capacities hereunder, including as Registrar and Paying Agent, and the Collateral Agent shall have all the rights, benefits, protections
and immunities afforded by the Indenture to the Trustee in its capacity as such.

		Section 112.	Governing Law; Jury Trial Waiver; Submission to Jurisdiction.

The
Indenture, the Notes and the Guarantees shall be governed by and construed in accordance with the laws of the State of New York.
THE ISSUER, THE GUARANTORS, THE HOLDERS (BY THEIR ACCEPTANCE OF THE NOTES), THE TRUSTEE AND THE COLLATERAL AGENT HEREBY IRREVOCABLY WAIVE,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING
TO THIS INDENTURE, THE NOTES,

    	 	45	 

     

    

THE GUARANTEES, THE NOTES DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED
HEREBY.

To the fullest extent permitted by applicable
law, each of the Issuer and the Guarantors hereby irrevocably submits to the non-exclusive jurisdiction of any Federal or state court
located in the Borough of Manhattan in New York, New York in any suit, action or proceeding based on or arising out of or relating to
the Indenture or the Notes and irrevocably agrees that all claims in respect of such suit or proceeding may be determined in any such
court. Each of the Issuer and the Guarantors irrevocably waives, to the fullest extent permitted by law, any objection which it may have
to the laying of the venue of any such suit, action or proceeding brought in an inconvenient forum. Each of the Issuer and the Guarantors
agrees that final judgment in any such suit, action or proceeding brought in such a court shall be conclusive and binding and may be enforced
in the courts of Bermuda (or any other courts of any other jurisdiction to which either of them is subject) by a suit upon such judgment,
provided that service of process is effected upon the Issuer. Each Guarantor that is a domestic Guarantor hereby appoints Weatherford
Delaware (the “Domestic Process Agent”) as its agent for service of process for the purposes of this Section 112. The
Issuer and each Guarantor that is not a domestic Guarantor has designated CT Corporation System, 28 Liberty Street, New York, New York
10005 (the “Non-Domestic Process Agent” and, together with the Domestic Process Agent, the “Process Agent”), as
the designee, appointee and agent of such foreign Note Party to receive, for and on behalf of such Note Party, service of process in the
State of New York, for the purposes of this Section 112. Each of the Issuer and the Guarantors further agrees that, unless otherwise
required by law and to the extent permitted by applicable law, service of process upon the Process Agent and written notice of said service
to the Issuer or a Guarantor, as the case may be, mailed by prepaid registered first class mail or delivered to the Process Agent at its
principal office, shall be deemed in every respect effective service of process upon the Issuer or such Guarantor, as the case may be,
in any such suit or proceeding. Each Guarantor that is a domestic Guarantor agrees to take any and all action, including the execution
and filing of any and all such documents and instruments as may be necessary, to continue the designation and appointment of the Domestic
Process Agent in full force and effect for so long as such Guarantor has any outstanding obligations under the Indenture. The Issuer and
each Guarantor that is not a domestic Guarantor agrees that it will at all times continually maintain an agent to receive service of process
in New York or Delaware on its behalf and on behalf of its property with respect to this Indenture and the other Notes Documents to which
it is a party, and if, for any reason, the Non-Domestic Process Agent named above or its successor shall no longer serve as agent of the
Issuer or such Guarantor (as the case may be) to receive service of process in New York or Delaware, the Issuer or such Guarantor (as
the case may be) shall promptly (but in any event within five (5) Business Days) appoint a reputable successor with an office in New York
or Delaware and concurrently notify the Trustee in writing of such appointment (which successor shall thereupon be the Non-Domestic Process
Agent hereunder). To the extent the Issuer or a Guarantor, as the case may be, has or hereafter may acquire any immunity from jurisdiction
of any court or from any legal process (whether through service of notice, attachment prior to judgment, attachment in aid of execution,
executor or otherwise) with respect to itself or its property, each of the Issuer and such Guarantor hereby irrevocably waives such immunity
in respect of its obligations under the Indenture to the extent permitted by law.

    	 	46	 

     

    

If a Guarantor incorporated under the laws of
the Netherlands is represented by an attorney-in-fact in connection with the signing and/or execution of this Indenture or any other agreement,
deed or document referred to in or made pursuant to this Indenture, it is hereby expressly acknowledged and accepted by the other parties
to this Indenture that the existence and extent of the attorney-in-fact’s authority and the effects of the attorney-in-fact’s
exercise or purported exercise of his or her authority shall be governed by the laws of the Netherlands.

		Section 113.	Legal Holidays.

In any case where any Interest Payment Date,
Redemption Date, purchase date or Stated Maturity of any Note shall not be a Business Day, then (notwithstanding any other provision of
the Indenture or of the Notes), payment of interest or principal (and premium, if any) may be made on the next succeeding Business Day
with the same force and effect as if made on the Interest Payment Date, Redemption Date or purchase date, or at the Stated Maturity, and
no additional interest will accrue solely as a result of such delayed payment.

		Section 114.	No Personal Liability of Directors, Officers, Employees and Shareholders.

No director, officer, employee, incorporator
or shareholder of the Issuer or any Guarantor, as such, shall have any liability for any Indebtedness, obligations or liabilities of the
Issuer under the Notes or the Indenture or of any Guarantor under its Guarantee or for any claim based on, in respect of, or by reason
of, such Indebtedness, obligations or liabilities or their creation. Each Holder by accepting a Note waives and releases all such liability.
The waiver and release are part of the consideration for issuance of the Notes and the Guarantees.

		Section 115.	No Adverse Interpretation of Other Agreements.

The Indenture may not be used to interpret any
other indenture, loan or debt agreement of the Issuer or its Subsidiaries or of any other Person. Any such indenture, loan or debt agreement
may not be used to interpret the Indenture.

		Section 116.	U.S.A. PATRIOT Act.

In order to comply with the laws, rules, regulations
and executive orders in effect from time to time applicable to banking institutions, including, without limitation, those relating to
the funding of terrorist activities and money laundering, including Section 326 of the U.S.A. PATRIOT Act (“Applicable Banking Laws”),
the Trustee and the Collateral Agent are required to obtain, verify, record and update certain information relating to individuals and
entities which maintain a business relationship with the Trustee or the Collateral Agent, as applicable. Accordingly, each of the parties
agrees to provide to the Trustee and the Collateral Agent, upon its request from time to time, such identifying information and documentation
as may be available for such parties in order to enable the Trustee and the Collateral Agent to comply with Applicable Banking Laws.

		Section 117.	Payment in Required Currency; Judgment Currency.

Each of the Issuer and the Guarantors agrees,
to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court
it is

    	 	47	 

     

    

necessary to convert the sum due in Dollars in respect of the principal
of, or premium, if any, or interest on, the Notes (the “Required Currency”) into another currency in which a judgment will
be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking
procedures the Trustee could purchase in New York, New York the Required Currency with the Judgment Currency on the day on which final
non-appealable judgment is entered, unless such day is not a Business Day, then, to the extent permitted by applicable law, the rate of
exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in New York, New York
the Required Currency with the Judgment Currency on the Business Day next preceding the day on which final non-appealable judgment is
entered and (b) its obligations under the Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied
by any tender, or any recovery pursuant to any judgment (whether or not entered in accordance with subclause (a)), in any currency other
than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the
full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative
or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt
shall fall short of the full amount of the Required Currency so expressed to be payable and (iii) shall not be affected by judgment being
obtained for any other sum due under the Indenture.

		Section 118.	Language of Notices, Etc.

Any request, demand, authorization, direction,
notice, consent, waiver or Act required or permitted under the Indenture shall be in the English language, except that any published notice
may be in an official language of the country of publication.

		Section 119.	Counterpart Originals.

The parties may sign any number of copies of
the Indenture, and each party hereto may sign any number of separate copies of the Indenture. Each signed copy shall be an original, but
all of them together represent the same agreement. The exchange of copies of the Indenture and of signature pages by facsimile, PDF or
other electronic transmission shall constitute effective execution and delivery of the Indenture as to the parties hereto and may be used
in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile, PDF or other electronic
transmission shall be deemed to be their original signatures for all purposes.

Article
Two

NOTE FORMS

		Section 201.	Forms Generally.

The Notes and the Trustee’s certificate
of authentication shall be in substantially the respective forms set forth in Annex A hereto. The Notes may have such appropriate insertions,
omissions, substitutions and other variations as are required or permitted by the Indenture, and may have such letters, numbers or other
marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities

    	 	48	 

     

    

exchange or Depositary therefor or as may, consistently herewith,
be determined by the Officers executing such Notes as evidenced by their execution thereof.

The Notes shall be printed, lithographed or
engraved on steel engraved borders or may be produced in any other manner, all as determined by the Officers executing such Notes, as
evidenced by their execution of such Notes.

As provided in Section 203, the Notes shall
be issued initially in the form of one or more Global Notes, which shall be deposited with the Trustee, as Securities Custodian for the
Depositary.

		Section 202.	Legends for Notes.

Every Global Note authenticated and delivered
under the Indenture shall bear a legend (the “Global Note Legend”) in substantially the following form:

THIS NOTE IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE
HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR
IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN
SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE
OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE ISSUER OR ITS AGENT FOR REGISTRATION
OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED
BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

Unless and until (i) a Note is sold under an
effective registration statement, or (ii) as otherwise provided in Section 311, such Note shall bear the following legend (the “Restricted
Notes Legend”) on the face thereof:

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS NOTE NOR
ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE
ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. 

THE HOLDER OF THIS NOTE, BY ITS ACCEPTANCE HEREOF, AGREES ON
ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS

    	 	49	 

     

    

PURCHASED NOTES, TO OFFER, SELL, OR OTHERWISE TRANSFER SUCH
NOTE, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE
DATE HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS NOTE (OR ANY PREDECESSOR OF SUCH
NOTE), ONLY (A) TO THE PARENT GUARANTOR OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE
UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE NOTES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE
144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES
FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN
RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF
REGULATION S UNDER THE SECURITIES ACT, (E) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(a)(1),
(2), (3), OR (7) UNDER THE SECURITIES ACT THAT IS NOT A QUALIFIED INSTITUTIONAL BUYER AND THAT IS PURCHASING FOR ITS OWN ACCOUNT OR FOR
THE ACCOUNT OF ANOTHER INSTITUTIONAL ACCREDITED INVESTOR, IN EACH CASE IN A MINIMUM PRINCIPAL AMOUNT OF THE NOTES OF $250,000, FOR INVESTMENT
PURPOSES AND NOT WITH A VIEW TO OR FOR OFFER OR SALE IN CONNECTION WITH ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT OR (F) PURSUANT
TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S
RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (E) OR (F) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION,
AND/OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION
TERMINATION DATE.

BY ITS ACQUISITION OF THIS NOTE, THE HOLDER THEREOF WILL BE DEEMED
TO HAVE REPRESENTED AND WARRANTED THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS NOTE CONSTITUTES
THE ASSETS OF AN EMPLOYEE BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME NOTE ACT OF 1974, AS AMENDED
(“ERISA”), ANY PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL
REVENUE CODE OF 1986, AS AMENDED (THE “CODE”), OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS
OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR ANY ENTITY WHOSE UNDERLYING ASSETS
ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION AND HOLDING OF THIS
NOTE WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION
UNDER ANY APPLICABLE SIMILAR LAWS.

Notes issued with original issue discount shall bear a legend in
substantially the following form (the “OID Legend”) on the face thereof:

THIS NOTE HAS BEEN ISSUED WITH “ORIGINAL ISSUE DISCOUNT”
(WITHIN THE MEANING OF SECTION 1273 OF THE INTERNAL REVENUE CODE OF 1986,

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AS AMENDED). UPON WRITTEN REQUEST TO THE ISSUER AT 2000 ST.
JAMES PLACE, HOUSTON, TEXAS 77056, THE ISSUER WILL PROMPTLY MAKE AVAILABLE TO ANY HOLDER OF THIS NOTE THE FOLLOWING INFORMATION: (1)
THE ISSUE PRICE AND DATE OF THE NOTE, (2) THE AMOUNT OF ORIGINAL ISSUE DISCOUNT ON THE NOTE AND (3) THE YIELD TO MATURITY OF THE NOTE.

		Section 203.	Global Notes.

The Notes are being issued pursuant to an exercise
of rights to acquire the Notes obtained in an offering exempt from registration under the Securities Act pursuant to the exemption from
registration afforded by Rule 144A or Regulation S or other applicable exemptions, in the form of one or more permanent Global Notes substantially
in the form of Annex A, including appropriate legends as set forth in Section 202, duly executed by the Issuer and authenticated
by the Trustee as herein provided and deposited upon issuance with the Trustee, as Securities Custodian. The Global Note may be represented
by more than one certificate, if so required by DTC’s rules regarding the maximum principal amount to be represented by a single
certificate. The aggregate principal amount of the Global Note may from time to time be increased or decreased by adjustments made on
the records of the Trustee, as Securities Custodian, as hereinafter provided.

Article
Three

THE NOTES

		Section 301.	Title and Terms

The Notes shall be entitled the “6.500%
Senior Secured First Lien Notes due 2028.” The Trustee shall authenticate and deliver $500.0 million in aggregate principal amount
of the Initial Notes on the Initial Issuance Date and, at any time and from time to time thereafter, subject to the Issuer’s compliance
with Sections 1008 and 1010, the Trustee shall authenticate and deliver Additional Notes for original issue in an aggregate principal
amount specified in an Officers’ Certificate delivered in accordance with Section 314.

The Notes will mature on September 15, 2028.
Interest on the Notes will accrue at the rate of 6.500% per annum, and will be payable semiannually in cash on each March 15 and September
15, commencing on March 15, 2022 in the case of the Initial Notes, to the Persons who are registered Holders of Notes at the close of
business on March 1 and September 1 immediately preceding the applicable Interest Payment Date. Interest on the Notes will accrue from
the most recent date to which interest has been paid or, if no interest has been paid, from and including the date of issuance to but
excluding the actual Interest Payment Date.

The Notes shall be redeemable as provided in
Article Eleven and subject to Legal Defeasance and Covenant Defeasance as provided in Article Thirteen. The Notes shall have such other
terms as are indicated in Annex A.

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		Section 302.	Denominations.

 

The Notes shall be issued in registered form
in minimum denominations of $2,000 and in integral multiples of $1,000 in excess thereof.

		Section 303.	Execution, Authentication, Delivery and Dating.

The Notes shall be executed on behalf of the
Issuer by one of its Officers. If its corporate seal is reproduced thereon, it shall be attested by the Secretary or an Assistant Secretary
of the Issuer. The signature of any of these officers on the Notes may be manual or facsimile.

If the Issuer elects to reproduce its corporate
seal on the Notes, then such seal may be in the form of a facsimile thereof and may be impressed, affixed, imprinted or otherwise reproduced
on the Notes.

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

At any time and from time to time after the
execution and delivery of the Indenture and as provided in Section 301, the Issuer may deliver Notes or, subject to the Issuer’s
compliance with Sections 1008 and 1010, Additional Notes executed by the Issuer to the Trustee for authentication, together with an Issuer
Order for the authentication and delivery of such Notes or Additional Notes, and the Trustee in accordance with the Issuer Order shall
authenticate and deliver such Notes or Additional Notes.

Each Note shall be dated the date of its authentication.

No Note shall be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose unless there appears on such Note a certificate of authentication substantially
in the form provided for in Annex A, signed manually in the name of the Trustee by an authorized signatory, and such certificate upon
any Note shall be conclusive evidence, and the only evidence, that such Note has been duly authenticated and delivered hereunder. Notwithstanding
the foregoing, if any Note shall have been authenticated and delivered hereunder but never issued and sold by the Issuer, and the Issuer
shall deliver such Note to the Trustee for cancellation as provided in Section 309, for all purposes of the Indenture such Note shall
be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of the Indenture.

		Section 304.	Temporary Notes.

Pending the preparation of definitive Notes,
the Issuer may execute, and upon Issuer Order the Trustee shall authenticate and deliver, temporary Notes which are printed, lithographed,
typewritten, mimeographed or otherwise produced, in any authorized denomination, substantially of the tenor of the definitive Notes in
lieu of which they are issued and with such appropriate insertions, omissions, substitutions and other variations as the Officers executing
such Notes may determine, as evidenced by their execution of such Notes.

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If temporary Notes are issued, the Issuer will
cause definitive Notes in either global or certificated form, as appropriate, in each case, in registered form, to be prepared without
unreasonable delay. After the preparation of definitive Notes, the temporary Notes shall be exchangeable for definitive Notes upon surrender
of the temporary Notes at the office or agency of the Issuer in a Place of Payment, without charge to the Holder. Upon surrender for cancellation
of any one or more temporary Notes, the Issuer shall execute and the Trustee shall authenticate and deliver in exchange therefor one or
more definitive Notes, of any authorized denominations and of like tenor and aggregate principal amount. Until so exchanged, the temporary
Notes shall in all respects be entitled to the same benefits under the Indenture as definitive Notes.

		Section 305.	Registrar, Global Notes and Definitive Notes.

The Issuer shall cause to be kept at the Corporate
Trust Office of the Trustee a register (the register maintained in such office and in any other office or agency of the Issuer being herein
sometimes collectively referred to as the “Security Register”) in which, subject to such reasonable regulations as it may
prescribe, the Issuer shall provide for the registration of Notes and of transfers of Notes. The Trustee is hereby appointed “Registrar”
for the purpose of registering Notes and transfers of Notes as herein provided.

Book-Entry Provisions. The provisions
of clauses (1) through (6) below shall apply only to Global Notes:

(1)     
Each Global Note authenticated under the Indenture shall be registered in the name of the Depositary designated for such Global
Note or a nominee thereof, delivered to the Trustee, as Securities Custodian, and bear appropriate legends as set forth in Section 202.
Transfers of a Global Note (but not a beneficial interest therein) will be limited to transfers thereof in whole, but not in part, to
the Depositary, its successors or their respective nominees, except as set forth in this Section 305. If a beneficial interest in
a Global Note is transferred or exchanged for a beneficial interest in another Global Note, the Trustee will (x) record a decrease in
the principal amount of the Global Note being transferred or exchanged equal to the principal amount of such transfer or exchange and
(y) record a like increase in the principal amount of the other Global Note. Any beneficial interest in one Global Note that is transferred
to a Person who takes delivery in the form of an interest in another Global Note, or exchanged for an interest in another Global Note,
will, upon transfer or exchange, cease to be an interest in such Global Note and become an interest in the other Global Note and, accordingly,
will thereafter be subject to all transfer and exchange restrictions, if any, and other procedures applicable to beneficial interests
in such other Global Note for as long as it remains such an interest.

(2)     
Members of, or participants in, DTC (“Agent Members”) shall have no rights under the Indenture with respect to any
Global Note held on their behalf by DTC or by the Trustee as the Securities Custodian, and DTC may be treated by the Issuer, the Guarantors,
the Trustee, the Collateral Agent and any agent of the Issuer, the Guarantors, the Trustee or the Collateral Agent as the absolute owner
of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Guarantors,
the Trustee, the Collateral Agent or any agent of the Issuer, the

    	 	53	 

     

    

Guarantors, the Trustee or the Collateral Agent from giving
effect to any written certification, proxy or other authorization furnished by DTC or impair, as between DTC and its Agent Members, the
operation of customary practices of DTC governing the exercise of the rights of a Holder of a beneficial interest in any Global Note.

(3)     
In connection with any transfer of a portion of the beneficial interest in a Global Note pursuant to this Article Three to beneficial
owners who are required to hold Definitive Notes, the Securities Custodian shall reflect on its books and records the date and a decrease
in the principal amount of such Global Note in an amount equal to the principal amount of the beneficial interest in the Global Note to
be transferred, and the Issuer shall execute, and the Trustee shall authenticate and make available for delivery, one or more Definitive
Notes of like tenor and amount.

(4)     
In connection with the transfer of an entire Global Note to beneficial owners pursuant to this Article Three, such Global Note
shall be deemed to be surrendered to the Trustee for cancellation, and the Issuer shall execute, and the Trustee shall authenticate and
make available for delivery, to each beneficial owner identified by DTC in exchange for its beneficial interest in such Global Note, an
equal aggregate principal amount of Definitive Notes of authorized denominations.

(5)     
The registered Holder of a Global Note may grant proxies and otherwise authorize any Person, including Agent Members and Persons
that may hold interests through Agent Members, to take any action which a Holder is entitled to take under the Indenture or the Notes.

(6)     
Any Holder of a Global Note shall, by acceptance of such Global Note, agree that transfers of beneficial interests in such Global
Note may be effected only through a book-entry system maintained by (a) the Holder of such Global Note (or its agent) or (b) any holder
of a beneficial interest in such Global Note, and that ownership of a beneficial interest in such Global Note shall be required to be
reflected in a book entry.

Definitive Notes. The provision of clauses
(i) – (iii) below shall apply only to Definitive Notes.

(i)     Except
as provided below, owners of beneficial interests in Global Notes will not be entitled to receive Definitive Notes. If required to do
so pursuant to any applicable law or regulation, beneficial owners may obtain Definitive Notes in exchange for their beneficial interests
in a Global Note upon written request in accordance with DTC’s and the Registrar’s procedures. In addition, Definitive Notes
shall be transferred to all beneficial owners in exchange for their beneficial interests in a Global Note if (A) DTC notifies the Issuer
that it is unwilling or unable to continue as depositary for such Global Note or DTC ceases to be a clearing agency registered under the
Exchange Act, at a time when DTC is required to be so registered in order to act as Depositary, and in each case a successor Depositary
is not appointed by the Issuer within 90 days of such notice, (B) subject to DTC’s rules, the Issuer, at its option, delivers to
the Trustee and Registrar written notice stating that such Global Note shall be so exchangeable or (C) an Event of

    	 	54	 

     

    

Default has occurred and is continuing and DTC notifies the
Issuer and the Trustee of DTC’s decision to exchange such Global Note for Definitive Notes. In the event of the occurrence of any
of the events specified in the second preceding sentence or in clause (A), (B) or (C) of the immediately preceding sentence, Definitive
Notes delivered in exchange for any Global Note or beneficial interests therein will be registered in the names, and issued in any approved
denominations, requested by or on behalf of DTC (in accordance with its customary procedures).

(ii)      If
a Definitive Note is transferred or exchanged for a beneficial interest in a Global Note, the Trustee will (x) cancel such Definitive
Note, (y) record an increase in the principal amount of such Global Note equal to the principal amount of such transfer or exchange and
(z) in the event that such transfer or exchange involves less than the entire principal amount of the canceled Definitive Note, the Issuer
shall execute, and the Trustee shall authenticate and make available for delivery, to the transferring Holder a new Definitive Note representing
the principal amount not so transferred.

(iii)   If
a Definitive Note is transferred or exchanged for another Definitive Note, (x) the Trustee will cancel the Definitive Note being transferred
or exchanged, (y) the Issuer shall execute, and the Trustee shall authenticate and make available for delivery, one or more new Definitive
Notes in authorized denominations having an aggregate principal amount equal to the principal amount of such transfer or exchange to the
transferee (in the case of a transfer) or the Holder of the canceled Definitive Note (in the case of an exchange), registered in the name
of such transferee or Holder, as applicable, and (z) if such transfer or exchange involves less than the entire principal amount of the
canceled Definitive Note, the Issuer shall execute, and the Trustee shall authenticate and make available for delivery to the Holder thereof,
one or more Definitive Notes in authorized denominations having an aggregate principal amount equal to the untransferred or unexchanged
portion of the canceled Definitive Notes, registered in the name of the Holder thereof.

		Section 306.	Mutilated, Destroyed, Lost and Stolen Notes.

If any mutilated Note is surrendered to the
Trustee, the Issuer shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Note of like tenor and principal
amount and bearing a number not contemporaneously outstanding.

If there shall be delivered to the Issuer and
the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Note and (ii) such security or indemnity as may
be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Issuer or the
Trustee that such Note has been acquired by a protected purchaser, the Issuer shall execute and the Trustee shall authenticate and deliver,
in lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and principal amount and bearing a number not contemporaneously
outstanding.

In case any such mutilated, destroyed, lost
or stolen Note has become or is about to become due and payable, the Issuer in its discretion may, instead of issuing a new Note, pay
such Note.

    	 	55	 

     

    

Upon the issuance of any new Note under this
Section, the Issuer may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation
thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

Every new Note issued pursuant to this Section
in lieu of any destroyed, lost or stolen Note shall constitute an original additional contractual obligation of the Issuer whether or
not the destroyed, lost or stolen Note shall be at any time enforceable by anyone, and shall be entitled to all the benefits of the Indenture
equally and proportionately with any and all other Notes duly issued hereunder.

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

		Section 307.	Payment of Interest; Interest Rights Preserved.

If the Issuer defaults in a payment of principal,
interest or premium, if any, on the Notes, the Issuer shall pay defaulted interest (plus interest on such defaulted interest to the extent
lawful) in any lawful manner at the rate provided in the Notes (“Defaulted Interest”). The Issuer may pay the Defaulted Interest
to the Persons who are Holders on a subsequent special record date. The Issuer shall fix or cause to be fixed any such special record
date and payment date and at least 15 days before the special record date, shall promptly mail to each Holder (with a copy to the Trustee)
a notice that states the special record date, the payment date and the amount of Defaulted Interest to be paid; provided that no
such special record date may be less than 10 days prior to the related payment date for such defaulted interest.

Subject to the foregoing provisions of this
Section, each Note delivered under the Indenture upon registration of transfer of or in exchange for or in lieu of any other Note shall
carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note.

		Section 308.	Persons Deemed Owners.

Prior to due presentment of a Note for registration
of transfer, the Issuer, the Guarantors, the Trustee, the Collateral Agent and any agent of the Issuer, the Guarantors, the Trustee or
the Collateral Agent may treat the Person in whose name such Note is registered as the owner of such Note for the purpose of receiving
payment of principal of and any premium and (subject to Section 307) any interest on such Note and for all other purposes whatsoever
(except as required by applicable tax laws), whether or not such Note be overdue, and none of the Issuer, the Guarantors, the Trustee,
the Collateral Agent nor any of their respective agents shall be affected by notice to the contrary.

None of the Issuer, the Guarantors, the Trustee,
the Collateral Agent, nor any of their respective agents will have any responsibility or liability for any aspect of the records relating
to, or payments made on account of, beneficial ownership interests of a Note or for maintaining, supervising or reviewing any records
relating to such beneficial ownership interests or for any actions taken or not taken by the Depositary.

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		Section 309.	Cancellation.

 

All Notes surrendered for payment, redemption,
purchase, registration of transfer or exchange shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee
and shall be promptly cancelled by it. The Issuer may at any time deliver to the Trustee for cancellation any Notes previously authenticated
and delivered hereunder which the Issuer may have acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person
for delivery to the Trustee) for cancellation any Notes previously authenticated hereunder which the Issuer has not issued and sold, and
all Notes so delivered shall be promptly cancelled by the Trustee. No Notes shall be authenticated in lieu of or in exchange for any Notes
cancelled as provided in this Section, except as expressly permitted by the Indenture. All cancelled Notes held by the Trustee shall be
disposed of in accordance with the Trustee’s standard procedures.

		Section 310.	Computation of Interest.

Interest on the Notes shall be computed on the
basis of a 360-day year of twelve 30-day months.

		Section 311.	Transfer and Exchange.

(a)     
General Provisions. A Holder may transfer a Note (or a beneficial interest therein) to another Person or exchange
a Note (or a beneficial interest therein) for another Note or Notes of any authorized denomination by presenting to the Trustee a written
request therefor stating the name of the proposed transferee or requesting such an exchange, accompanied by any certification, opinion
or other document required by this Section 311. The Trustee shall promptly register any transfer or exchange that meets the requirements
of this Section 311 by noting the same in the Security Register maintained by the Trustee for the purpose, and no transfer or exchange
shall be effective until it is registered in such register. The transfer or exchange of any Note (or a beneficial interest therein) may
only be made in accordance with this Section 311 and Section 203, as applicable, and, in the case of a Global Note (or a beneficial
interest therein), the applicable rules and procedures of the Depository. The Trustee shall refuse to register any requested transfer
or exchange that does not comply with this paragraph.

(b)     
Transfers of Restricted Notes. The following provisions shall apply with respect to any proposed registration of
transfer of a Restricted Note prior to the date which is one year after the later of the date of its original issue and the last date
on which the Issuer or any Affiliate of the Issuer was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction
Termination Date”):

(i)     a
registration of transfer of a Restricted Note or a beneficial interest therein to a QIB shall be made upon the representation of the transferee
in the form as set forth on the reverse of the Note that it is purchasing for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule
144A, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding
the Issuer as it has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the

    	 	57	 

     

    

transferor is relying upon its foregoing representations in
order to claim the exemption from registration provided by Rule 144A; provided that no such written representation or other written certification
shall be required in connection with the transfer of a beneficial interest in the Global Note in reliance on Rule 144A to a transferee
in the form of a beneficial interest in such Global Note in accordance with the Indenture and the applicable procedures of DTC;

(ii)      a
registration of transfer of a Restricted Note or a beneficial interest therein to an IAI shall be made upon receipt by the Trustee or
its agent of a certificate substantially in the form set forth in Annex C hereto from the proposed transferee and, if requested by the
Issuer, the delivery of an Opinion of Counsel, certification and/or other information satisfactory to it; and

(iii)   a
registration of transfer of Restricted Note or a beneficial interest therein to a Non-U.S. Person shall be made upon receipt by the Trustee
or its agent of a certificate substantially in the form set forth in Annex D hereto from the proposed transferee and, if requested by
the Issuer, certification and/or other information satisfactory to it.

(c)     
Restricted Notes Legend. Upon the transfer, exchange or replacement of Notes not bearing a Restricted Notes Legend,
the Registrar shall deliver Notes that do not bear a Restricted Notes Legend. Upon the transfer, exchange or replacement of Notes bearing
a Restricted Notes Legend, the Registrar shall deliver only Notes that bear a Restricted Notes Legend unless (i) such Note is being transferred
pursuant to an effective registration statement or (ii) there is delivered to the Registrar an Opinion of Counsel reasonably satisfactory
to the Issuer and the Trustee to the effect that neither such legend nor the related restrictions on transfer are required in order to
maintain compliance with the provisions of the Securities Act.

(d)     
Retention of Written Communications. The Registrar shall retain copies of all letters, notices and other written
communications received pursuant to this Section 311. The Issuer shall have the right to inspect and make copies of all such letters,
notices or other written communications at any reasonable time upon the giving of reasonable prior written notice to the Registrar.

(e)     
Obligations with Respect to Transfers and Exchanges of Notes.

(i)     
To permit registrations of transfers and exchanges, the Issuer shall, subject to the other terms and conditions of this
Article Two, execute and the Trustee shall authenticate Definitive Notes and Global Notes at the Registrar’s request.

(ii)      
No service charge shall be made to a Holder for any registration of transfer or exchange, but the Issuer may require the
Holder to pay a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any
such transfer taxes or similar governmental charges payable upon an exchange pursuant to Section 304, 906, 1007, 1012 or 1108 not
involving any transfer).

(iii)   
The Issuer (and the Registrar) shall not be required to register the transfer of or exchange of any Note,

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(A)     
 for a period (1) of 15 days before giving any notice of redemption of Notes or (2) beginning 15 days before an Interest
Payment Date and ending on such Interest Payment Date or (B) selected for redemption, except the unredeemed portion of any Note being
redeemed in part.

(iv)      
Prior to the due presentation for registration of transfer of any Note, the Issuer, any Guarantor, the Trustee, the Collateral
Agent, the Paying Agent or the Registrar may deem and treat the Person in whose name a Note is registered as the owner of such Note for
the purpose of receiving any payment on such Note and for all other purposes whatsoever, including the transfer or exchange of such Note,
whether or not such Note is overdue, and none of the Issuer, any Guarantor, the Trustee, the Collateral Agent, the Paying Agent or the
Registrar shall be affected by notice to the contrary.

(v)     
All Notes issued upon any transfer or exchange pursuant to the terms of the Indenture shall evidence the same debt and shall
be entitled to the same benefits under the Indenture as the Notes surrendered upon such transfer or exchange.

(f)     
No Obligation of the Trustee. The Trustee shall have no responsibility or obligation to any beneficial owner of a
Global Note, Agent Member or other Person with respect to the accuracy of the records of DTC or its nominee or of any participant or member
thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial owner
or other Person (other than DTC) of any notice (including any notice of redemption or purchase) or the payment of any amount or delivery
of any Notes (or other security or property) under or with respect to such Notes. All notices and communications to be given to the Holders
and all payments to be made to Holders in respect of the Notes shall be given or made only to or upon the order of the registered Holders
(which shall be DTC or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note shall be exercised
only through DTC subject to the applicable rules and procedures of DTC. The Trustee may conclusively rely and shall be fully protected
in so relying upon information furnished by DTC with respect to its Agent Members and any beneficial owners. The Trustee shall have no
obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under the Indenture or
under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Agent Members
or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are
expressly required by, and to do so if and when expressly required by, the terms of the Indenture, and to examine the same to determine
substantial compliance as to form with the express requirements hereof.

(g)     
Affiliate Holders. After the Initial Issuance Date, by accepting a beneficial interest in a Global Note, any Person
that is an Affiliate of the Issuer agrees to give notice to the Issuer, the Trustee and the Registrar of the acquisition and its Affiliate
status.

		Section 312.	When Securities Disregarded.

In determining whether the Holders of the required
principal amount of Outstanding Notes have concurred in any direction, waiver, consent, approval or other action of Holders, Notes owned
by the Issuer, any Guarantor or by any Person directly or indirectly controlling or

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controlled by or under direct or indirect common control with the
Issuer or any Guarantor shall be disregarded, except that (a) Notes owned by Specified Holders shall not be so disregarded and (b) for
the purpose of determining whether the Trustee shall be protected in relying on any such direction, waiver, consent, approval or other
action of Holders, only Notes that the Trustee knows are so owned shall be so disregarded. Notes so owned that have been pledged in good
faith shall not be so disregarded if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right to deliver any
such direction, waiver, consent, approval or other action of Holders with respect to the Notes and that the pledgee is either (i) not
the Issuer, any Guarantor or any Person directly or indirectly controlled by the Issuer or any Guarantor or (ii) a Specified Holder. Also,
subject to the foregoing, only Notes Outstanding at the time shall be considered in any such determination.

		Section 313.	Calculation of Specified Percentage of Notes.

With respect to any matter requiring consent,
waiver, approval or other action of the Holders of a specified percentage of the principal amount of all the Notes then Outstanding, such
percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination,
of the Notes then Outstanding, the Holders of which have so consented by (b) the aggregate principal amount, as of such date of determination,
of the Notes then Outstanding, in each case, as determined in accordance with Section 312 of the Indenture. Any such calculation
made pursuant to this Section 313 shall be made by the Issuer and delivered to the Trustee pursuant to an Officers’ Certificate.

		Section 314.	Issuance of Additional Notes.

The Issuer shall be entitled, subject to its
compliance with Sections 1008 and 1010, to issue Additional Notes under this Indenture, which Additional Notes shall be part of the same
series as the Initial Notes issued on the Initial Issuance Date, rank equally with the Initial Notes and shall have identical terms as
the Initial Notes issued on the Initial Issuance Date in all respects, other than with respect to (a) the date of issuance, (b) the issue
price, (c) the date from which interest begins to accrue and (d) the initial interest payment date. The Initial Notes and any Additional
Notes issued upon original issue under this Indenture shall be treated as a single class for purposes of this Indenture, including waivers,
consents, directions, declarations, amendments, redemptions and offers to purchase; and none of the Holders of any Initial Notes or any
Additional Notes shall have the right to vote or consent as a separate class on any matter to which such Holders are entitled to vote
or consent; provided that the Initial Notes and any Additional Notes may be issued under separate CUSIP numbers.

With respect to any Additional Notes, the Issuer
shall set forth in an Officers’ Certificate, which shall be delivered to the Trustee, the following information:

(a)     
the aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture; and

(b)     
the issue price, the issue date (and the corresponding date from which interest shall accrue thereon and the first interest
payment date therefor) and the CUSIP number and any corresponding ISIN of such Additional Notes.

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Notwithstanding anything else herein, with respect
to any Additional Notes issued subsequent to the date of this Indenture, when the context requires, all provisions of this Indenture shall
be construed and interpreted to permit the issuance of such Additional Notes and to allow such Additional Notes to be part of the same
series as the Initial Notes originally issued under this Indenture. Indebtedness represented by Additional Notes shall be subject to the
covenants contained in this Indenture.

Article
Four

SATISFACTION AND DISCHARGE

		Section 401.	Satisfaction and Discharge of Indenture.

The Indenture shall be discharged and shall
cease to be of further effect, and the Trustee, upon Issuer Request and at the expense of the Issuer, shall execute instruments reasonably
requested by the Issuer acknowledging satisfaction and discharge of the Indenture, when

(1)     
either

(a)     
all Notes theretofore authenticated and delivered (other than Notes which have been destroyed, lost or stolen and which
have been replaced or paid as provided in Section 306 and Notes for whose payment money has theretofore been deposited in trust or
segregated and held in trust by the Issuer and thereafter repaid to the Issuer or discharged from such trust, as provided in Section 1003)
have been delivered to the Trustee for cancellation; or

(b)     
all Notes not theretofore delivered to the Trustee for cancellation

(i)     
have become due and payable, or

(ii)      
will become due and payable at their Stated Maturity within one year, or are to be called for redemption within one year
under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense,
of the Issuer, or

(iii)   
have been called for redemption pursuant to the provisions of Article Eleven,

and the Issuer or any Guarantor in the case of (i), (ii) or
(iii) of subclause (b), has irrevocably deposited or caused to be irrevocably deposited with the Trustee as trust funds, in trust solely
for the benefit of the Holders, cash in Dollars, U.S. Government Obligations or a combination thereof, in such amounts as will be sufficient,
without consideration of any reinvestment of interest, to pay and discharge the entire Indebtedness on the Notes not theretofore delivered
to the Trustee for cancellation, for principal and any premium and accrued interest to the date of such deposit (in the case of Notes
which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be;

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(2)     
 the Issuer has paid or caused to be paid all other sums payable under the Indenture by the Issuer;

(3)     
the Issuer has delivered irrevocable instructions to the Trustee to apply the deposited funds towards the payment of the Notes
at Stated Maturity or on the Redemption Date, as the case may be; and

(4)     
the Issuer has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions
precedent in the Indenture to the satisfaction and discharge of the Indenture have been complied with.

Notwithstanding the satisfaction and discharge
of the Indenture, the obligations of the Issuer to the Holders under Sections 305 and 306, the obligations of the Issuer to the Trustee
under Section 607, the obligations of the Issuer to the Collateral Agent under Sections 607 and 1508, the obligations of the Issuer
to any Authenticating Agent under Section 614 and, if cash or U.S. Government Obligations shall have been deposited with the Trustee
pursuant to subclause (b) of clause (1) of this Section, the obligations of the Trustee under Section 402 and the last paragraph
of Section 1003 shall survive so long as any Notes are Outstanding.

		Section 402.	Application of Trust Money.

Subject to the provisions of the last paragraph
of Section 1003, all cash and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee pursuant to Section 401
shall be held in trust and applied by it, in accordance with the provisions of the Notes and the Indenture, to the payment, either directly
or through any Paying Agent (including the Issuer or a Subsidiary acting as its own Paying Agent) as the Trustee may determine, to the
Persons entitled thereto, of the principal and any premium and interest for whose payment such cash and U.S. Government Obligations (including
the proceeds thereof) have been deposited with the Trustee.

Article
Five

REMEDIES

		Section 501.	Events of Default.

An “Event of Default,” wherever
used herein, means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or
involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or regulation
of any administrative or governmental body):

(1)     
failure to pay interest on any of the Notes when the same becomes due and payable and the continuance of any such failure for 30
days;

(2)     
failure to pay principal of or premium, if any, on any of the Notes when it becomes due and payable, whether at Stated Maturity,
upon redemption, required purchase, acceleration or otherwise;

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(3)     
 (a) failure by the Issuer or any Guarantors to comply with any of their respective agreements or covenants under Article Eight,
(b) failure by the Issuer or any Guarantors to comply with either Section 1017(a)(i) or Section 1418 and, in either case, continuance
of this failure for 15 days after notice of the failure has been given to the Issuer and the Trustee by the Holders of at least 25.0%
of the aggregate principal amount of the Notes then Outstanding, or (c) failure by the Issuer to comply in respect of its obligations
to make a Change of Control Offer under Section 1007;

(4)     
(a) except with respect to the covenant contained in Section 703 or as described in clause (3) above, failure by the Parent
Guarantor or any Restricted Subsidiary to comply with any other covenant or agreement contained in the Indenture or the Collateral Documents
and continuance of this failure for 60 days after notice of the failure has been given to the Issuer by the Trustee or to the Issuer and
the Trustee by the Holders of at least 25.0% of the aggregate principal amount of the Notes then Outstanding, or (b) failure by the Parent
Guarantor for 180 days after notice of the failure has been given to the Issuer by the Trustee or by the Holders of at least 25.0% of
the aggregate principal amount of the Notes then Outstanding to comply with the covenant contained in Section 703;

(5)     
default by the Parent Guarantor or any Restricted Subsidiary under any mortgage, indenture or other instrument or agreement under
which there is issued or by which there is secured or evidenced Indebtedness for borrowed money by the Parent Guarantor or any Restricted
Subsidiary, whether such Indebtedness now exists or is incurred after the Initial Issuance Date, which default:

(a)     
is caused by a failure to pay at its Stated Maturity principal on such Indebtedness within the applicable express grace
period and any extensions thereof, or

(b)     
results in the acceleration of such Indebtedness prior to its Stated Maturity (which acceleration is not rescinded, annulled
or otherwise cured within 30 days of receipt by the Parent Guarantor or such Restricted Subsidiary of notice of any such acceleration),

and, in each case, the principal amount of such Indebtedness,
together with the principal amount of any other Indebtedness with respect to which an event described in clause (a) or (b) has occurred
and is continuing aggregates $75.0 million or more;

(6)     
one or more judgments (to the extent not covered by insurance) for the payment of money in an aggregate amount in excess of $100.0
million shall be rendered against the Parent Guarantor, any of its Significant Subsidiaries or any combination thereof and the same shall
remain undischarged for a period of 60 consecutive days during which execution shall not be effectively stayed;

(7)     
the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the Parent Guarantor
or a Significant Subsidiary or group of

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Restricted Subsidiaries that, taken together (as of the latest
audited consolidated financial statements for the Parent Guarantor and its Restricted Subsidiaries), would constitute a Significant Subsidiary
in an involuntary case or proceeding under any applicable Bankruptcy Law or (B) a decree or order adjudging the Parent Guarantor a bankrupt
or insolvent, or approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or in respect
of the Parent Guarantor or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the latest audited
consolidated financial statements for the Parent Guarantor and its Restricted Subsidiaries) would constitute a Significant Subsidiary,
under any applicable Bankruptcy Law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other similar
official of the Parent Guarantor or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the latest
audited consolidated financial statements for the Parent Guarantor and its Restricted Subsidiaries) would constitute a Significant Subsidiary,
or of any substantial part of its or their property, or ordering the winding up or liquidation of its or their affairs, and the continuance
of any such decree or order for relief or any such other decree or order unstayed and in effect for a period of 60 consecutive days;

(8)     
(i) the commencement by the Parent Guarantor or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together
(as of the latest audited consolidated financial statements for the Parent Guarantor and its Restricted Subsidiaries) would constitute
a Significant Subsidiary of a voluntary case or proceeding under any applicable Bankruptcy Law or of any other case or proceeding to be
adjudicated a bankrupt or insolvent or (ii) the consent by it or them to the entry of a decree or order for relief in respect of the Parent
Guarantor or a Significant Subsidiary or group of Restricted Subsidiaries that, taken together (as of the latest audited consolidated
financial statements for the Parent Guarantor and its Restricted Subsidiaries) would constitute a Significant Subsidiary in an involuntary
case or proceeding under any applicable Bankruptcy Law or to the commencement of any bankruptcy or insolvency case or proceeding against
it or them, or (iii) the filing by it or them of a petition or answer or consent seeking reorganization or relief under any applicable
Bankruptcy Law, or (iv) the consent by it or them to the filing of such petition or to the appointment of or taking possession by a custodian,
receiver, liquidator, assignee, trustee, sequestrator, examiner or other similar official of the Parent Guarantor or a Significant Subsidiary
or group of Restricted Subsidiaries that, taken together (as of the last audited consolidated financial statements for the Parent Guarantor
and its Restricted Subsidiaries) would constitute a Significant Subsidiary or of any substantial part of its or their property, or (v)
the making by it or them of an assignment for the benefit of creditors, or the admission by it or them in writing of its or their inability
to pay its or their debts generally as they become due;

(9)     
unless such Liens have been released in accordance with the provisions of this Indenture or the applicable Notes Documents (or
unless otherwise permitted thereunder), Liens with respect to Collateral with an aggregate Fair Market Value of more than $100.0 million
cease to be valid or enforceable, or the Issuer shall assert or any Guarantor shall assert, in any pleading in any court of competent
jurisdiction, that any such security interests are invalid or unenforceable and, in the case of any such

    	 	64	 

     

    

Guarantor, the Issuer fails to cause such Guarantor to rescind
such assertions within 30 days after the Issuer has actual knowledge of such assertions; or

(10)     
any Guarantee of the Notes ceases to be in full force and effect (other than in accordance with the terms of such Guarantee and
the Indenture) or is declared null and void and unenforceable or found to be invalid or any Guarantor denies its liability under the Guarantee
of such Guarantor (other than by reason of release of such Guarantor from its Guarantee in accordance with the terms of the Indenture,
the Collateral Documents and the Guarantee).

		Section 502.	Acceleration of Maturity; Rescission and Annulment.

If an Event of Default (other than an Event
of Default specified in Section 501(7) or 501(8) with respect to the Parent Guarantor) shall have occurred and be continuing, the Trustee,
by written notice to the Issuer, or the Holders of at least 25% in aggregate principal amount of the Notes then Outstanding, by written
notice to the Issuer and the Trustee, may declare (an “acceleration declaration”) the principal of, premium, if any, and accrued
and unpaid interest on the Notes, to be due and payable, and upon any such declaration the aggregate principal of, premium, if any, and
accrued and unpaid interest on all of the Outstanding Notes shall become due and payable immediately. If an Event of Default specified
in Section 501(7) or 501(8) occurs with respect to the Parent Guarantor, the principal of, premium, if any, and accrued and unpaid interest,
on all of the Outstanding Notes shall become immediately due and payable, without any further action or notice to the extent permitted
by law.

At any time after such an acceleration declaration
occurs, but before a judgment or decree based on acceleration the Holders of a majority in aggregate principal amount of the Notes, by
written notice to the Issuer and the Trustee, may rescind and annul such acceleration declaration and its consequences if:

(i)     
such rescission would not conflict with any judgment or decree of a court of competent jurisdiction;

(ii)     the Issuer has paid or deposited with the Trustee a sum sufficient to pay

(A)     
all overdue interest on all the Notes,

(B)     
the principal of (and premium, if any, on) any such Notes which have become due otherwise than by such acceleration declaration
and any interest thereon at the rate or rates prescribed therefor in the Notes,

(C)     
to the extent that payment of such interest is lawful, interest upon overdue interest at the rate prescribed therefor in
the Notes, and

(D)     
all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and advances
of the Trustee, its agents and counsel; and

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(iii)    all Events of Default, other than the non-payment of the principal of, and interest on, the Notes that have become due
solely by such acceleration declaration, have been cured or waived as provided in Section 513.

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

If the Notes are accelerated or otherwise become
due prior to their Stated Maturity, in each case, as a result of an Event of Default (including, but not limited to, upon the occurrence
of a bankruptcy or insolvency event (including the acceleration of claims by operation of law)) on or after September 15, 2024, the amount
of principal of, accrued and unpaid interest and premium on the Notes that becomes due and payable shall equal the optional redemption
price, plus accrued and unpaid interest to the redemption date, that would be applicable with respect to an optional redemption of the
applicable Notes on the date of such acceleration as if such acceleration were an optional redemption of the Notes accelerated. If the
Notes are accelerated or otherwise become due prior to their Stated Maturity date, in each case, as a result of an Event of Default (including,
but not limited to, upon the occurrence of a bankruptcy or insolvency event (including the acceleration of claims by operation of law))
prior to September 15, 2024, the amount of principal of, accrued and unpaid interest and premium on the Notes that becomes due and payable
shall equal 100% of the principal amount of the Notes prepaid plus the Make Whole Premium in effect on the date of such acceleration,
plus accrued and unpaid interest to the redemption date, as if such acceleration were an optional redemption of the Notes accelerated.

In any such case, the optional redemption price
or the principal amount of the Notes plus the Make Whole Premium, as applicable, shall constitute part of the Notes, in view of the impracticability
and extreme difficulty of ascertaining actual damages and by mutual agreement of the Parent Guarantor, the Issuer and the Subsidiary Guarantors,
on the one hand, and the Holders, on the other hand, as to a reasonable calculation of each Holder’s lost profits as a result thereof.
Any amounts payable pursuant to the above shall be presumed to be the liquidated damages sustained by each Holder, and each of the Parent
Guarantor, the Issuer and the Subsidiary Guarantors agrees that it is reasonable under the circumstances currently existing. The optional
redemption price or the principal amount of the Notes plus the Make Whole Premium, as applicable, plus accrued and unpaid interest, shall
also be payable in the event the Notes are satisfied or released by foreclosure (whether by power of judicial proceeding, deed in lieu
of foreclosure or by any other means). EACH OF THE PARENT GUARANTOR, THE ISSUER AND THE SUBSIDIARY GUARANTORS EXPRESSLY WAIVES (TO THE
FULLEST EXTENT IT MAY LAWFULLY DO SO) THE PROVISIONS OF ANY PRESENT OR FUTURE STATUTE OR LAW THAT PROHIBITS OR MAY PROHIBIT THE COLLECTION
OF THE FOREGOING AMOUNTS IN CONNECTION WITH ANY SUCH ACCELERATION. Each of the Parent Guarantor, the Issuer and the Subsidiary Guarantors
expressly agrees (to the fullest extent it may lawfully do so) that: (A) each of the optional redemption price or the principal amount
of the Notes plus the Make Whole Premium, as applicable, is reasonable and is the product of an arm’s length transaction between
sophisticated business people, ably represented by counsel; (B) the optional redemption price or the principal amount of the Notes plus
the Make Whole Premium, as applicable shall be payable notwithstanding the then prevailing market rates at the time payment is made; (C)
there has been a course of conduct between the Holders, the Parent Guarantor, the Issuer and the Subsidiary

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Guarantors giving specific consideration in this transaction for
such agreement to pay the optional redemption price or the principal amount of the Notes plus the Make Whole Premium, as applicable; and
(D) the Parent Guarantor, the Issuer and the Subsidiary Guarantors shall be estopped hereafter from claiming differently than as agreed
to in this paragraph. Each of the Parent Guarantor, the Issuer and the Subsidiary Guarantors expressly acknowledges that its agreement
to pay the optional redemption price or the principal amount of the Notes plus the Make Whole Premium, as applicable to the Holders as
herein described is a material inducement to the Holders to purchase the Notes.

		Section 503.	Collection of Indebtedness and Suits for Enforcement by Trustee.

Subject to the Intercreditor Agreements, if
an Event of Default occurs and is continuing, the Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered
to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid or enforce the performance
of any provision of the Notes or the Indenture, and may prosecute any such action or proceedings to judgment or final decree, and may
enforce any such judgment or final decree against the Issuer or any other obligor upon the Notes (and collect in the manner provided by
law out of the property of the Issuer or any other obligor upon the Notes wherever situated the moneys adjudged or decreed to be payable).

		Section 504.	Trustee May File Proofs of Claim.

In case of any judicial proceeding relative
to the Issuer, the Guarantors or any other obligor upon the Notes, or the property or creditors of the Issuer or the Guarantors, the Trustee
shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions as may be necessary or advisable
in order to have claims of the Holders, the Trustee and the Collateral Agent allowed in any such proceeding. In particular, the Trustee
shall be authorized to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the
same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator, examiner or other similar official in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to
the making of such payments directly to the Holders, to pay to the Trustee and the Collateral Agent any amount due them for the compensation,
expenses, disbursements and advances of the Trustee, the Collateral Agent, and their agents and counsel, and any other amounts due the
Trustee and Collateral Agent under Sections 607 and 1508.

No provision of the Indenture shall be deemed
to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement,
adjustment or composition affecting the Notes or the rights of any Holder thereof or to authorize the Trustee to vote in respect of the
claim of any Holder in any such proceeding; provided, however, that the Trustee may, on behalf of the Holders, vote for
the election of a trustee in bankruptcy or similar official and be a member of a creditors’ or other similar committee.

		Section 505.	Trustee May Enforce Claims Without Possession of Notes.

All rights of action and claims under the Indenture
or the Notes may be prosecuted and enforced by the Trustee without the possession of any of the Notes or the production thereof in

    	 	67	 

     

    

any proceeding relating thereto, and any such proceeding instituted
by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for
the payment of the compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit
of the Holders of the Notes in respect of which such judgment has been recovered.

		Section 506.	Application of Money Collected.

Any money or property collected by the Trustee
pursuant to this Article, including upon realization of the Collateral, but subject to the Intercreditor Agreements, shall be applied
in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money or property on account
of principal or any premium or interest, upon presentation of the Notes and the notation thereon of the payment if only partially paid
and upon surrender thereof if fully paid:

FIRST: To the payment of all amounts due
the Trustee and the Collateral Agent under Sections 607 and 1508;

SECOND: To the payment of the amounts
then due and unpaid for principal of and any premium and interest on the Notes, ratably, without preference or priority of any kind, according
to the amounts due and payable on the Notes for principal and any premium and interest, respectively; and

THIRD: The remainder, if any, shall be
paid to the Guarantors or the Issuer, as applicable, or to whomsoever may be lawfully entitled to receive the same, or as a court of competent
jurisdiction may direct.

		Section 507.	Limitation on Suits.

A Holder of Notes may not institute any proceeding,
judicial or otherwise, with respect to the Indenture or the Notes, or for the appointment of a receiver or trustee, or for any other remedy
hereunder, unless:

(1)     
the Holder gives to the Trustee written notice of a continuing Event of Default;

(2)     
the Holder or Holders of at least 25.0% in aggregate principal amount of the Outstanding Notes make a written request to the Trustee
to pursue the remedy;

(3)     
such Holder or Holders offer, and if requested, provide, the Trustee indemnity satisfactory to the Trustee against any costs, liability
or expense;

(4)     
the Trustee does not comply with the request within 60 days after receipt of the request and the offer of indemnity; and

(5)     
during such 60-day period, the Holders of a majority in aggregate principal amount of the Outstanding Notes do not give the Trustee
a direction that is inconsistent with the request.

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A Holder may not use the Indenture to prejudice
the rights of another Holder or to obtain a preference or priority over another Holder (it being understood that the Trustee does not
have an affirmative duty to ascertain whether or not any such use by a Holder prejudices the rights of any other Holders or obtains a
preference or priority over such other Holders).

		Section 508.	Unconditional Right of Holders to Receive Principal, Premium and Interest.

Notwithstanding any other provision in the Indenture,
the Holder of any Notes shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium
and (subject to Section 307) interest on such Notes on the Stated Maturity expressed in such Notes (or, in the case of acceleration,
redemption or offer by the Issuer to purchase the Notes pursuant to the terms of the Indenture, on the date of acceleration, Redemption
Date or purchase date, as applicable), and to bring suit for the enforcement of any such payment, which right shall not be impaired without
the consent of such Holder.

		Section 509.	Restoration of Rights and Remedies.

If the Trustee or any Holder has instituted
any proceeding to enforce any right or remedy under the Indenture and such proceeding has been discontinued or abandoned for any reason,
or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding,
the Issuer, the Guarantors, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder
and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted.

		Section 510.	Rights and Remedies Cumulative.

Except as otherwise provided with respect to
the replacement or payment of mutilated, destroyed, lost or stolen Notes in the last paragraph of Section 306, no right or remedy
herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every
right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder
or now or hereafter existing at law or in equity or otherwise, subject to the terms of the Intercreditor Agreements. The assertion or
employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate
right or remedy.

		Section 511.	Delay or Omission Not Waiver.

No delay or omission of the Trustee, the Collateral
Agent or of any Holder to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute
a waiver of any such Event of Default or an acquiescence therein. Every right and remedy given by this Article or by law to the Trustee,
the Collateral Agent or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee, the
Collateral Agent or by the Holders, as the case may be.

		Section 512.	Control by Holders.

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Subject to Section 603(5), the Holders of a
majority in aggregate principal amount of the then Outstanding Notes shall have the right to direct the time, method and place of conducting
any proceeding for exercising any remedy available to the Trustee or the Collateral Agent, or exercising any trust or power conferred
on the Trustee or the Collateral Agent, provided that

(a)     
the Trustee and the Collateral Agent may refuse to follow any direction that conflicts with any rule of law or with the
Indenture, that may involve the Trustee or the Collateral Agent in personal liability, or that the Trustee or the Collateral Agent determines
in good faith may be unduly prejudicial to the rights of Holders of Notes not joining in the giving of such direction (it being understood
that the Trustee and the Collateral Agent have no duty to determine whether any such direction is prejudicial to any Holder), and

(b)     
the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with any such direction received
from such Holders of Notes.

		Section 513.	Waiver of Existing Defaults.

The Holders of a majority in aggregate principal
amount of the Outstanding Notes may, on behalf of the Holders of all the Notes, waive any existing Default or Event of Default and its
consequences under the Indenture, except a continuing Default or Event of Default

(a)     
in the payment of the principal of or any premium or interest on the Notes (including any Note which is required to have
been purchased by the Issuer pursuant to an offer to purchase by the Issuer made pursuant to the terms of the Indenture), or

(b)     
in respect of a covenant or provision hereof which under Article Nine cannot be modified or amended without the consent
of the Holder of each Outstanding Note affected.

Upon any such waiver with respect to an existing
default, such default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose
of the Indenture; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon.

		Section 514.	Undertaking for Costs.

In any suit for the enforcement of any right
or remedy under the Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, a court
may require any party litigant in such suit to file an undertaking to pay the costs of such suit, and may assess costs against any such
party litigant, having due regard to the merits and good faith of the claims or defenses made by the party litigant; provided that
this Section shall not be deemed to authorize any court to require such an undertaking or to make such an assessment in any suit instituted
by the Issuer.

		Section 515.	Waiver of Usury, Stay or Extension Laws.

Each of the Issuer and the Guarantors covenants
(to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take
the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time

    	 	70	 

     

    

hereafter in force, which may affect the covenants or the performance
of the Indenture; and each of the Issuer and the Guarantors (to the extent that it may lawfully do so) hereby expressly waives all benefit
or advantage of any such law and covenants that it will not hinder, delay or impede the execution of any power herein granted to the Trustee,
but will suffer and permit the execution of every such power as though no such law had been enacted.

		Section 516.	Subject to Intercreditor Agreements.

Notwithstanding anything herein to the contrary,
it is hereby understood and agreed that (i) the Liens and security interests granted to the Collateral Agent for the benefit of the Holder
Group pursuant to the Notes Documents and (ii) the exercise of any right or remedy by the Trustee or the Collateral Agent under the Notes
Documents or the application of proceeds (including insurance and condemnation proceeds) of any Collateral, in each case, are subject
to the limitations and provisions of the Intercreditor Agreements to the extent provided therein.

Article
Six

THE TRUSTEE

		Section 601.	Certain Duties and Responsibilities.

The duties of the Trustee will be determined
solely by the express provisions of this Indenture and the Trustee need perform only those duties that are specifically set forth in this
Indenture and no others, and no implied covenants or obligations shall be read into this Indenture or the other Notes Documents against
the Trustee; and in the absence of gross negligence or willful misconduct on its part, the Trustee may conclusively rely, as to the truth
of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming
to the requirements of this Indenture. However, the Trustee will examine the certificates and opinions to determine whether or not they
conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other
facts stated therein).

Notwithstanding the foregoing, no implied covenants
shall be read into the Indenture against the Trustee, and no provision of the Indenture shall require the Trustee to expend or risk its
own funds or otherwise incur any financial liability in the performance of any of its duties hereunder, or in the exercise of any of its
rights or powers, if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk
or liability is not reasonably assured to it. The Trustee will not be liable for interest on any money received by it except as the Trustee
may agree in writing with the Issuer. Money held in trust by the Trustee need not be segregated from other funds except to the extent
required by law. The Trustee will not be liable with respect to any action it takes or omits to take in good faith in accordance with
a direction received by it pursuant to Section 512. The Trustee may not be relieved from liabilities for its own grossly negligent
action, its own grossly negligent failure to act, or its own willful misconduct as determined by a final order of a court of competent
jurisdiction, except that the Trustee will not be liable for any error of judgment made in good faith by a Responsible Officer, unless
it is proved that the Trustee was grossly negligent in ascertaining the pertinent facts. Whether or not therein expressly so provided,
every provision of the Indenture relating to the

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conduct or affecting the liability of or affording protection to
the Trustee shall be subject to the provisions of this Section.

		Section 602.	Notice of Defaults.

If a default occurs hereunder and is continuing
which is actually known to a Responsible Officer of the Trustee, the Trustee shall give the Holders of the Notes notice of such default
within 90 days after it becomes known to such Responsible Officer; provided, however, that in the case of any default of
the character specified in Section 501(4) or 501(5), no such notice to Holders shall be given until at least 30 days after the occurrence
thereof. For the purpose of this Section, the term “default” means any Event of Default and any event which is, or after notice
or lapse of time or both would become, an Event of Default. Except in the case of a default or Event of Default in payment of principal
of, premium on, if any, or interest on, any Note, the Trustee may withhold the notice if and so long as it in good faith determines that
withholding the notice is in the interests of the Holders of the Notes.

The Trustee shall not be deemed to have notice
of any default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is
in fact such a default is received by the Trustee from the Issuer or a Holder at the Corporate Trust Office of the Trustee, and such notice
references such Notes and the Indenture.

		Section 603.	Certain Rights of Trustee.

Subject to the provisions of Section 601:

(1)     
the Trustee may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement, instrument,
opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of Indebtedness or other paper or document
believed by it to be genuine and to have been signed or presented by the proper party or parties;

(2)     
any request or direction of the Issuer mentioned herein shall be sufficiently evidenced by an Issuer Request or Issuer Order, and
any resolution of the Board of Directors shall be sufficiently evidenced by a Board Resolution;

(3)     
whenever in the administration of the Indenture the Trustee shall deem it desirable that a matter be proved or established prior
to taking, suffering or omitting any action hereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the
absence of gross negligence or willful misconduct on its part, rely upon an Officers’ Certificate;

(4)     
the Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon;

(5)     
before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel or both.
The Trustee will not be liable for any action

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it takes or omits to take in good faith in reliance on such
Officers’ Certificate or Opinion of Counsel;

(6)     
the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by the Indenture at the request or
direction of any of the Holders pursuant to the Indenture, unless such Holders shall have offered, and if requested, provided to the Trustee
security or indemnity satisfactory to the Trustee against the fees, costs, expenses and liabilities which might be incurred by it in compliance
with such request or direction;

(7)     
the Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of Indebtedness or other
paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it
may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books,
records and premises of the Issuer, personally or by agent or attorney;

(8)     
the Trustee shall not be responsible for genuineness, enforceability, collectability, value, sufficiency, location or existence
of any Collateral, or the validity, effectiveness, enforceability, sufficiency, extent, perfection or priority of any Lien, or for monitoring
the value of the Collateral that is released from the Lien hereunder;

(9)     
the Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through
agents or attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed
with due care by it hereunder;

(10)    
the Trustee shall not be liable for any action it takes or omits to take in good faith which it believes authorized or within its
rights;

(11)    
the Trustee shall not incur any liability for not performing any act or fulfilling any duty, obligation or responsibility hereunder
by reason of any occurrence beyond the control of the Trustee (including but not limited to any act or provision of any present or future
law or regulation or governmental authority, any act of God or war, civil unrest, local or national disturbance or disaster, any act of
terrorism, epidemics, or the unavailability of the Federal Reserve Bank wire or facsimile or other wire or communication facility);

(12)    
the Trustee shall be entitled to conclusively rely upon any order, judgment, certification, demand, notice, instrument or other
writing delivered to it hereunder without being required to determine the authenticity or the correctness of any fact stated therein or
the propriety or validity or the service thereof. The Trustee may act in conclusive reliance upon any instrument or signature believed
by it to be genuine and may assume that any person purporting to give receipt or advice to make any statement or execute any document
in connection with the provisions hereof has been duly authorized to do so;

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(13)    
 in no event shall the Trustee be responsible or liable for special, indirect, punitive, incidental or consequential loss or damage
of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether such Trustee has been advised of the likelihood
of such loss or damage and regardless of the form of action; and

(14)    
the permissive rights of the Trustee herein and in the other Notes Documents shall not be construed as a duty.

		Section 604.	Not Responsible for Recitals or Issuance of Notes.

The recitals contained herein and in the Notes,
except the Trustee’s certificates of authentication, shall be taken as the statements of the Issuer and neither the Trustee nor
any Authenticating Agent assumes any responsibility for their correctness. The Trustee makes no representations as to the validity or
sufficiency of the Indenture, the Notes or the other Notes Documents. Neither the Trustee nor any Authenticating Agent shall be accountable
for the use or application by the Issuer of Notes or the proceeds thereof.

		Section 605.	May Hold Notes.

The Trustee, any Authenticating Agent, any Paying
Agent, any Registrar, the Collateral Agent or any other agent of the Issuer, in its individual or any other capacity, may become the owner
or pledgee of Notes and, subject to Sections 608 and 613, may otherwise deal with the Issuer with the same rights it would have if it
were not Trustee, Authenticating Agent, Paying Agent, Registrar, Collateral Agent or such other agent.

		Section 606.	Money Held in Trust.

Money and U.S. Government Obligations held by
the Trustee in trust hereunder need not be segregated from other funds except to the extent required by law. The Trustee shall be under
no liability for interest on any money received by it hereunder except as otherwise agreed with the Issuer.

		Section 607.	Compensation and Reimbursement.

The Issuer agrees:

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

(b)     
except as otherwise expressly provided herein, to reimburse the Trustee upon its request for all expenses, disbursements
and advances incurred or made by the Trustee in accordance with any provision of the Indenture (including the compensation and the expenses
and disbursements of its agents and counsel) and the Notes Documents, except any such expense, disbursement or advance as may be attributable
to its gross negligence or willful misconduct as determined by a final order of a court of competent jurisdiction; and

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(c)     
 to indemnify, jointly and severally with the Guarantors, the Trustee for, and to hold it harmless against, any loss, liability
or expense incurred without gross negligence or willful misconduct on the Trustee’s part as determined by a final order of a court
of competent jurisdiction, arising out of or in connection with the acceptance or administration of the trust or trusts hereunder and
the other Notes Documents (including enforcing this Section 607), including the costs and expenses of defending itself against any
claim or liability in connection with the exercise or performance of any of its powers or duties hereunder and under the other Notes Documents.

The obligations of the Issuer under this Section 607
shall survive the satisfaction and discharge of the Indenture and the resignation or removal of the Trustee.

To secure the Issuer’s payment obligations
in this Section 607, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee,
except that held in trust to pay principal and interest on particular Notes. Such Lien shall survive the satisfaction and discharge of
the Indenture.

When the Trustee incurs expenses or renders
services after the occurrence of an Event of Default specified in paragraph (7) or (8) of Section 501 of the Indenture, such expenses
and the compensation for such services are intended to constitute expenses of administration under any Insolvency or Liquidation Proceeding.
For the purposes of this paragraph, “Insolvency or Liquidation Proceeding” means, with respect to any Person, (a) an insolvency
or bankruptcy case or proceeding, or any receivership, liquidation, reorganization, examinership or similar case or proceeding in connection
therewith, relative to such Person or its creditors, as such, or its assets, or (b) any liquidation, dissolution or other winding-up proceeding
of such Person, whether voluntary or involuntary and whether or not involving insolvency or bankruptcy or (c) any assignment for the benefit
of creditors or any other marshaling of assets and liabilities of such Person.

		Section 608.	Reserved.

		Section 609.	Corporate Trustee Required; Eligibility.

There shall at all times be one (and only one)
Trustee hereunder. Each Trustee shall be a Person that has a combined capital and surplus of at least $50.0 million. If any such Person
publishes reports of condition at least annually, pursuant to law or to the requirements of its supervising or examining authority, then
for the purposes of this Section, the combined capital and surplus of such Person shall be deemed to be its combined capital and surplus
as set forth in its most recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance
with the provisions of this Section, it shall resign immediately in the manner and with the effect hereinafter specified in this Article.

		Section 610.	Resignation and Removal; Appointment of Successor.

No resignation or removal of the Trustee and
no appointment of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor
Trustee in accordance with the applicable requirements of Section 611.

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The Trustee may resign at any time by giving
written notice thereof to the Issuer. If the instrument of acceptance by a successor Trustee required by Section 611 shall not have
been delivered to the Trustee within 30 days after the giving of such notice of resignation, the resigning Trustee may petition any court
of competent jurisdiction for the appointment of a successor Trustee.

The Trustee may be removed at any time by Act
of the Holders of a majority in aggregate principal amount of the Outstanding Notes (voting as a single class), delivered to the Trustee
and to the Issuer.

If at any time:

(1)     
the Trustee shall fail to comply with Section 608 after written request therefor by the Issuer or by any Holder who has been
a bona fide Holder of a Note for at least six months;

(2)     
the Trustee shall cease to be eligible under Section 609 and shall fail to resign after written request therefor by the Issuer
or by any such Holder; or

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

then, in any such case, (A) the Issuer by a resolution duly passed
by its Board of Directors may remove the Trustee, or (B) subject to Section 514, any Holder who has been a bona fide Holder of a
Note for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction
for the removal of the Trustee and the appointment of a successor Trustee or Trustees.

If the Trustee shall resign, be removed or become
incapable of acting, or if a vacancy shall occur in the office of Trustee for any cause, with respect to the Notes, the Issuer, by a resolution
duly passed by its Board of Directors, shall promptly appoint a successor Trustee and shall comply with the applicable requirements of
Section 611. If, within one year after such resignation, removal or incapability, or the occurrence of such vacancy, a successor
Trustee with respect to the Notes shall be appointed by Act of the Holders of a majority in aggregate principal amount of the Outstanding
Notes (voting as a single class) delivered to the Issuer and the retiring Trustee, the successor Trustee so appointed shall, forthwith
upon its acceptance of such appointment in accordance with the applicable requirements of Section 611, become the successor Trustee
and to that extent supersede the successor Trustee appointed by the Issuer. If no successor Trustee shall have been so appointed by the
Issuer or the Holders and accepted appointment in the manner required by Section 611, any Holder who has been a bona fide Holder
of a Note for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction
for the appointment of a successor Trustee.

The Issuer shall give notice of each resignation
and each removal of the Trustee and each appointment of a successor Trustee to all Holders of Notes in the manner provided in

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Section 106. Each notice shall include the name of the successor
Trustee and the address of its Corporate Trust Office.

		Section 611.	Acceptance of Appointment by Successor.

In case of the appointment hereunder of a successor
Trustee, every such successor Trustee so appointed shall execute, acknowledge and deliver to the Issuer and to the retiring Trustee an
instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such
successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of
the retiring Trustee; but, on the request of the Issuer or the successor Trustee, such retiring Trustee shall, upon payment of its charges,
execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and
shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder.

Upon request of any such successor Trustee,
the Issuer shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor Trustee all
such rights, powers and trusts referred to in the first or second preceding paragraph, as the case may be.

No successor Trustee shall accept its appointment
unless at the time of such acceptance such successor Trustee shall be qualified and eligible under this Article.

		Section 612.	Merger, Conversion, Consolidation or Succession to Business.

Any corporation into which the Trustee may be
merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to
which the Trustee shall be a party, or any corporation succeeding to all or substantially all the corporate trust business of the Trustee,
shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this
Article, without the execution or filing of any paper or any further act on the part of any of the parties hereto. In case any Notes shall
have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such
authenticating Trustee may adopt such authentication and deliver the Notes so authenticated with the same effect as if such successor
Trustee had itself authenticated such Notes.

		Section 613.	Reserved.

		Section 614.	Appointment of Authenticating Agent.

The Trustee may appoint an Authenticating Agent
or Agents which shall be authorized to act on behalf of the Trustee to authenticate Notes issued upon original issue and upon exchange,
registration of transfer or partial redemption thereof or pursuant to Section 306, and Notes so authenticated shall be entitled to
the benefits of the Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Wherever
reference is made in the Indenture to the authentication and delivery of Notes by the Trustee or the Trustee’s certificate of authentication,
such reference shall be deemed to include authentication and delivery on behalf

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of the Trustee by an Authenticating Agent and a certificate of authentication
executed on behalf of the Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Issuer and shall at
all times be a corporation organized and doing business under the laws of the United States of America, any State thereof or the District
of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50.0 million
and subject to supervision or examination by Federal or State authority. If such Authenticating Agent publishes reports of condition at
least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section,
the combined capital and surplus of such Authenticating Agent shall be deemed to be its combined capital and surplus as set forth in its
most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the
provisions of this Section, such Authenticating Agent shall resign immediately in the manner and with the effect specified in this Section.

Any corporation into which an Authenticating
Agent may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation
to which such Authenticating Agent shall be a party, or any corporation succeeding to the corporate agency or corporate trust business
of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under
this Section, without the execution or filing of any paper or any further act on the part of the Trustee or the Authenticating Agent.

An Authenticating Agent may resign at any time
by giving written notice thereof to the Trustee and to the Issuer. The Trustee may at any time terminate the agency of an Authenticating
Agent by giving written notice thereof to such Authenticating Agent and to the Issuer. Upon receiving such a notice of resignation or
upon such a termination, or in case at any time such Authenticating Agent shall cease to be eligible in accordance with the provisions
of this Section, the Trustee may appoint a successor Authenticating Agent which shall be acceptable to the Issuer and shall give notice
of such appointment in the manner provided in Section 106 to all Holders of Notes with respect to which such Authenticating Agent
will serve. Any successor Authenticating Agent upon acceptance of its appointment hereunder shall become vested with all the rights, powers
and duties of its predecessor hereunder, with like effect as if originally named as an Authenticating Agent. No successor Authenticating
Agent shall be appointed unless eligible under the provisions of this Section.

The Issuer agrees to pay to each Authenticating
Agent from time to time reasonable compensation for its services under this Section.

If an appointment is made pursuant to this Section,
the Notes may have endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternative certificate of authentication
in the following form:

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

	 	Wilmington
                  Trust, National Association,
 as Trustee
	 
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	As Authenticating Agent	 
	 	 	 	 
	 	By:	 	 
	 	 	Authorized Officer	 

 

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		Section 615.	Collateral Documents.

By their acceptance of the Notes, the Holders
hereby authorize and direct the Trustee and Collateral Agent, as the case may be, to execute and deliver any Collateral Documents in which
the Trustee or the Collateral Agent, as applicable, is named as a party, including any Collateral Documents executed after the Initial
Issuance Date. It is hereby expressly acknowledged and agreed that, in doing so, the Trustee and the Collateral Agent are (a) expressly
authorized to make the representations attributed to Holders in any such agreements and (b) not responsible for the terms or contents
of such agreements, or for the validity or enforceability thereof, or the sufficiency thereof for any purpose. Whether or not so expressly
stated therein, in entering into, or taking (or forbearing from) any action under any Collateral Documents, the Trustee and the Collateral
Agent each shall have all of the rights, immunities, indemnities and other protections granted to it under this Indenture (in addition
to those that may be granted to it under the terms of the Collateral Documents).

Article
Seven

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND ISSUER

		Section 701.	Issuer to Furnish Trustee Names and Addresses of Holders.

The Issuer will furnish or cause to be furnished
to the Trustee:

(1)     
semi-annually, not later than each Interest Payment Date in each year, a list, in such form as the Trustee may reasonably require,
of the names and addresses of the Holders of Notes as of the preceding Regular Record Date, and

(2)     
at such other times as the Trustee may request in writing, within 30 days after the receipt by the Issuer of any such request,
a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished;

excluding from any such list names and addresses
received by the Trustee in its capacity as Registrar.

		Section 702.	Preservation of Information; Communications to Holders.

The Trustee shall preserve, in as current a
form as is reasonably practicable, the names and addresses of Holders contained in the most recent list furnished to the Trustee as provided
in Section 701 and the names and addresses of Holders received by the Trustee in its capacity as Registrar. The Trustee may destroy
any list furnished to it as provided in Section 701 upon receipt of a new list so furnished.

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Holders may communicate with other Holders with
respect to their rights under this Indenture or the Notes.

To the extent permitted by applicable law, none
of the Issuer, the Trustee, the Registrar or anyone else shall be held accountable by reason of the disclosure of any material pursuant
to a request made hereunder, including information as to the names and addresses of the Holders in accordance with the provisions of this
section, regardless of the source from which such information was derived.

		Section 703.	Reports by the Issuer.

(a)     
Whether or not required by the SEC, so long as any Notes are Outstanding,
the Parent Guarantor will furnish to the Trustee and the Holders of Notes, or, to the extent permitted by the SEC, file electronically
with the SEC through the SEC’s Electronic Data Gathering, Analysis and Retrieval System (or any successor system) within the time
periods specified in the SEC’s rules and regulations:

(1)     
all quarterly and annual reports that would be required to be filed with the SEC on Forms 10-Q and 10-K if the Parent Guarantor
were required to file such reports; and

(2)     
all current reports that would be required to be filed with the SEC on Form 8-K if the Parent Guarantor were required to file such
reports.

(b)     
If the Parent Guarantor has designated any of its Subsidiaries as Unrestricted Subsidiaries, and such Unrestricted Subsidiaries,
individually or taken together, would constitute a Significant Subsidiary, then the quarterly and annual financial information required
by the preceding paragraph will include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes
thereto, and in Management’s Discussion and Analysis of Financial Condition and Results of Operations, of the financial condition
and results of operations of the Parent Guarantor and its Restricted Subsidiaries excluding the Unrestricted Subsidiaries.

(c)     
For so long as any Notes remain outstanding and constitute “restricted securities” under Rule 144, the Parent
Guarantor will furnish to the holders of the Notes, and to securities analysts and prospective investors, upon their request, the information
required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act.

(d)     
Delivery of reports, information and documents to the Trustee under this Section 703 is for informational purposes
only and the Trustee’s receipt of the foregoing shall not constitute actual or constructive notice of any information contained
therein or determinable from information contained therein, as to which the Trustee is entitled to conclusively rely on an Officers’
Certificate of the Issuer.

Article
Eight

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE

		Section 801.	Issuer and Guarantors May Consolidate, Etc., Only on Certain Terms.

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Neither the Issuer nor any Guarantor shall consolidate
or amalgamate with, or merge into, any other Person, or convey, transfer or lease its properties and assets as, or substantially as, an
entirety to any Person unless:

(1)     
the Person formed by such consolidation or amalgamation or into which the Issuer or such Guarantor, as the case may be, is merged
or the Person which acquires by conveyance or transfer, or which leases the properties and assets of the Issuer or such Guarantor, as
the case may be, as, or substantially as, an entirety shall be a corporation or, solely in the case of any Guarantor, any other entity
(the “Successor Person”) and shall expressly assume, by a supplemental indenture, executed and delivered to the Trustee, (a)
in the case of a Successor Person to the Issuer, the due and punctual payment of the principal of and any premium and interest on all
the Notes and the performance or observance of every covenant of the Indenture and the Collateral Documents then in effect on the part
of the Issuer to be performed or observed or (b) in the case of a Successor Person to such Guarantor, all of the obligations of such Guarantor
under the Guarantee of such Guarantor and the performance or observance of every covenant of the Indenture and the Collateral Documents
then in effect on the part of such Guarantor to be performed or observed;

(2)     
immediately after giving effect to such transaction, no Event of Default and no Default shall have occurred and be continuing;

(3)     
the Issuer or such Guarantor, as the case may be, shall have delivered any applicable documents, instruments and agreements required
by Section 1017(b) to have been delivered by such date, subject to the Applicable Collateral Limitations; and

(4)     
the Issuer or such Guarantor, as the case may be, shall have delivered to the Trustee an Officers’ Certificate and an Opinion
of Counsel (provided that, in the case of any such transaction involving only two or more Guarantors, such opinion may be provided
by an employee of the Issuer, a Guarantor or a Restricted Subsidiary, need not be provided by an attorney admitted to practice in New
York and may assume that the applicable law (including New York law) in respect of such opinion is identical to Texas law (or the law
of any other jurisdiction in which such employee is admitted to practice law)), each stating that such consolidation, amalgamation, merger,
conveyance, sale, transfer or lease and such supplemental indenture, if any, comply with this covenant and that all conditions precedent
provided for in the Indenture relating to such transaction have been complied with.

However, clause (1) of this Section 801
shall not apply in circumstances under which Section 1404 provides for the release of the Guarantee of such Guarantor or in connection
with the consolidation, amalgamation, merger of any Note Party with, or any conveyance transfer or lease by a Note Party of its properties
and assets as, or substantially as, an entirety, to any other Note Party.

		Section 802.	Successor Substituted.

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Upon any consolidation or amalgamation of the
Issuer or a Guarantor, as the case may be, with or merger of the Issuer or a Guarantor, as the case may be, into, any other Person or
any conveyance, transfer or lease of the properties and assets of the Issuer or a Guarantor, as the case may be, as, or substantially
as, an entirety in accordance with Section 801, the Successor Person will succeed to, and be substituted for, and may exercise every
right and power of, the Issuer or such Guarantor under the Indenture with the same effect as if such Successor Person had been named therein
as the Issuer or such Guarantor, as the case may be, and thereafter, except in the case of a lease, the Issuer or such Guarantor, as the
case may be, will be released from all obligations and covenants under the Indenture, the Notes and the Guarantees, as the case may be,
and may liquidated and dissolve.

Article
Nine

SUPPLEMENTAL INDENTURES

		Section 901.	Supplemental Indentures Without Consent of Holders.

Without the consent of any Holders, the Issuer,
the Parent Guarantor, Weatherford Delaware, the Trustee and the Collateral Agent, as applicable, at any time and from time to time, may
enter into one or more indentures supplemental hereto or amendments or supplements to any Collateral Documents in order to amend or supplement
the Indenture, the Collateral Documents, the Guarantees or the Notes for any of the following purposes:

(1)     
to cure any ambiguity, defect or inconsistency;

(2)     
to provide for uncertificated Notes in addition to or in place of certificated Notes (provided, that, any such Note will be in
registered form for U.S. federal income tax purposes);

(3)     
to provide for the assumption of the Issuer’s or a Guarantor’s obligations to the Holders in the case of a consolidation,
amalgamation, merger or other transaction in compliance with Article Eight;

(4)     
to provide for issuance of Additional Notes in accordance with the limitations set forth in this Indenture and the Collateral Documents;

(5)     
to add any Guarantor or to acknowledge the release of any Guarantor from any of its obligations under its Guarantee and the other
provisions of the Indenture (to the extent in accordance with the Indenture);

(6)     
to make any change that would provide any additional rights or benefits to the Holders or that does not materially adversely affect
the rights of any Holder;

(7)     
to reflect or enter into any First Lien Other Intercreditor Agreement or ABL Intercreditor Agreement;

(8)     
to secure the Notes or any Guarantees or any other obligation under the Indenture or to add additional assets as Collateral;

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(9)     
 to release Collateral from Liens pursuant to this Indenture, the Collateral Documents and the Intercreditor Agreements when permitted
or required by this Indenture, the Collateral Documents or the Intercreditor Agreements;

(10)    
to evidence and provide for the acceptance of appointment by a successor trustee; or

(11)    
to conform the text of this Indenture, the Guarantees, the Notes, the Collateral Documents or the Intercreditor Agreements to any
provision of the “Description of Notes” in the offering memorandum to the extent that such provision in this Indenture, the
Guarantees, the Notes, the Collateral Documents or the Intercreditor Agreements was intended by the Issuer to be a verbatim recitation
of a provision in the “Description of Notes,” in the offering memorandum as stated in an Officer’s Certificate.

The Trustee is hereby authorized to join with
the Issuer and the Guarantors in the execution of any such supplemental indenture, to make any further appropriate agreements and stipulations
which may be therein contained and to accept the conveyance, transfer, assignment, mortgage or pledge of any property thereunder.

Any supplemental indenture or amendment to the
Collateral Documents authorized by the provisions of this Section 901 may be executed by the Issuer, the Guarantors, the Trustee
and, if applicable, the Collateral Agent without the consent of the Holders, notwithstanding any of the provisions of Section 902.

		Section 902.	Supplemental Indentures With Consent of Holders.

With the consent of the Holders of a majority
in aggregate principal amount of the Outstanding Notes (including, without limitation, Additional Notes, if any) affected thereby, including,
without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, the Notes, the Issuer,
the Parent Guarantor, Weatherford Delaware, the Trustee and the Collateral Agent may amend or supplement the Indenture, the Collateral
Documents, the Notes or any Guarantees or, subject to Section 513, waive any existing Default or Event of Default or compliance with
any provision of the Indenture, the Collateral Documents, the Notes or any Guarantees (which may include consents obtained in connection
with a purchase of, or tender offer or exchange offer for, the Notes).

However, without the consent of each Holder
affected thereby, no such amendment, supplement or waiver may (with respect to any Note held by a non-consenting Holder):

(1)     
reduce, or change the maturity of, the principal of any Note;

(2)     
reduce the rate of or extend the time for payment of interest on any Note;

(3)     
reduce any premium payable upon redemption of the Notes or change the date on which any Notes are subject to redemption (other
than the notice provisions) or waive any payment with respect to the redemption of the Notes; provided, however, that solely
for the avoidance of doubt, and without any other implication, any purchase or

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repurchase of Notes (including pursuant to Section 1007) shall
not be deemed a redemption of the Notes;

(4)     
make any Note payable in money or currency other than that stated in the Notes;

(5)     
modify or change any provision of the Indenture or the related definitions to affect the ranking as to right of payment of the
Notes or any Guarantee in a manner that adversely affects the Holders;

(6)     
reduce the percentage of Holders necessary to consent to an amendment, supplement or waiver to the Indenture, the Guarantees or
the Notes;

(7)     
waive a default in the payment of principal of, or premium, if any, or interest on, any Notes (except a rescission of acceleration
of the Notes by the Holders thereof as provided in the Indenture and a waiver of the payment default that resulted from such acceleration);

(8)     
impair the rights of Holders to receive payments of principal of or interest or premium, if any, on the Notes on or after the due
date therefor or to institute suit for the enforcement of any payment on the Notes;

(9)     
release any Guarantor from any of its obligations under its Guarantee or the Indenture, except as permitted by the Indenture; or

(10)    
make any change in these amendment, supplement and waiver provisions.

In addition, the consent of Holders representing
at least 66 2⁄3% of outstanding principal amount of the Notes will be required to release the Liens for the benefit of the Holders
on all or substantially all of the Collateral, other than in accordance with the Notes Documents.

It shall not be necessary for any Act of Holders
under this Section to approve the particular form of any proposed supplemental indenture or waiver, but it shall be sufficient if such
Act shall approve the substance thereof.

After an amendment or supplement under this
Section 902 becomes effective, the Issuer shall send to the Holders a notice briefly describing such amendment or supplement. However,
the failure to give such notice to all such Holders, or any defect in the notice, will not impair or affect the validity of the amendment
or supplement.

		Section 903.	Execution of Supplemental Indentures.

In executing, or accepting the additional trusts
created by, any supplemental indenture or amendment or supplement to any Collateral Document permitted by this Article or the modifications
thereby of the trusts created by the Indenture, the Trustee and the Collateral Agent shall be entitled to receive, and shall be fully
protected in relying upon, an Officers’ Certificate and Opinion of Counsel stating that the execution of such supplemental indenture
or supplement or amendment is authorized or permitted by the Indenture and the other Notes Documents;

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provided that no Opinion of Counsel under this Section shall be
required in connection with the execution and delivery on the Initial Issuance Date of the supplemental indentures to add the Brazilian
Guarantors and Argentine Guarantors. The Trustee and the Collateral Agent may, but shall not be obligated to, enter into any such supplemental
indenture which affects the Trustee’s or the Collateral Agent’s own rights, duties or immunities under the Indenture, the
other Notes Documents or otherwise.

		Section 904.	Effect of Supplemental Indentures.

Upon the execution of any supplemental indenture
under this Article, the Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of the
Indenture for all purposes; and every Holder of Notes theretofore or thereafter authenticated and delivered hereunder shall be bound thereby.

		Section 905.	Reserved.

		Section 906.	Reference in Notes to Supplemental Indentures.

Notes authenticated and delivered after the
execution of any supplemental indenture pursuant to this Article may bear a notation as to any matter provided for in such supplemental
indenture. If the Issuer shall so determine, new Notes so modified as to conform, in the opinion of the Trustee and the Issuer, to any
such supplemental indenture may be prepared and executed by the Issuer and such new Notes may be authenticated and delivered by the Trustee
in exchange for Outstanding Notes. Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect
of such amendment, supplement or waiver.

Article
Ten

COVENANTS

		Section 1001.	Payment of Principal, Premium and Interest.

The Issuer covenants and agrees for the benefit
of the Holders of the Notes that it will duly and punctually pay the principal of and any premium and interest on the Notes in accordance
with the terms of the Notes and the Indenture. Principal, premium, if any, and interest will be considered paid on the date due if a Paying
Agent, if other than the Issuer or a Subsidiary thereof, holds as of 11:00 a.m., New York City time, on the due date money deposited by
the Issuer in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due.

The Issuer will pay interest (including post-petition
interest in any proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or similar law) on overdue principal
and premium, if any, at the interest rate specified in the Notes to the extent lawful; and it will pay interest (including post-petition
interest in any proceeding under any applicable Federal or State bankruptcy, insolvency, reorganization or similar law) on overdue installments
of interest (without regard to any applicable grace period) at the same rate to the extent lawful.

		Section 1002.	Maintenance of Office or Agency.

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The Issuer will maintain, in the contiguous
United States of America and in any other Place of Payment, an office or agency where Notes may be presented or surrendered for payment,
and it will maintain an office or agency in the contiguous United States of America where Notes may be surrendered for registration of
transfer or exchange and where notices and demands to or upon the Issuer in respect of the Notes and the Indenture may be served. The
Issuer will give prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at
any time the Issuer shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof,
such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Issuer
hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands; provided that no office
of the Trustee shall be an office or agency of the Issuer for the purposes of service of legal process on the Issuer or any Guarantor,
such office or agency shall be the Process Agent appointed under Section 112. The Issuer hereby irrevocably designates as a Place
of Payment for the Notes the Corporate Trust Office.

The Issuer or any Subsidiary may act as Registrar
or Paying Agent. The Issuer may also from time to time designate one or more other offices or agencies where the Notes may be presented
or surrendered for any or all such purposes and may from time to time rescind such designations, in each case without notice to the Holders;
provided, however, that the Issuer will maintain a Paying Agent and Registrar in the contiguous United States of America
so long as any Notes are Outstanding. The Issuer will give prompt written notice to the Trustee of any such designation or rescission
and of any change in the location of any such other office or agency.

		Section 1003.	Money for Notes Payments to Be Held in Trust.

If the Issuer or any Subsidiary shall at any
time act as its own Paying Agent, it will, before 11:00 a.m., New York City time, on each due date of the principal of or any premium
or interest on any of the Notes, segregate and hold in trust for the benefit of the Persons entitled thereto a sum sufficient to pay the
principal and any premium and interest so becoming due until such sums shall be paid to such Persons or otherwise disposed of as herein
provided and will promptly notify the Trustee of its action or failure so to act.

Whenever the Issuer shall have one or more Paying
Agents for the Notes, it will, prior to 11:00 a.m., New York City time, on each due date of the principal of or any premium or interest
on the Notes, deposit with a Paying Agent a sum sufficient to pay such amount, such sum to be held in trust for the benefit of the Holders,
and (unless such Paying Agent is the Trustee) the Issuer will promptly notify the Trustee of its action or failure so to act.

The Issuer will cause each Paying Agent other
than the Trustee to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject
to the provisions of this Section, that such Paying Agent will (1) hold in trust for the benefit of Holders or the Trustee all money held
by the Paying Agent for the payment of principal of, premium, if any, or interest on the Notes and (2) during the continuance of any default
by the Issuer or any other obligor upon the Notes in the making of any payment in respect of the Notes, upon the written request of the
Trustee, forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Notes.

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The Issuer may at any time, for the purpose
of obtaining the satisfaction and discharge of the Indenture or for any other purpose, pay, or by Issuer Order direct any Paying Agent
to pay, to the Trustee all sums held in trust by the Issuer or such Paying Agent, such sums to be held by the Trustee upon the same trusts
as those upon which such sums were held by the Issuer or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee,
such Paying Agent shall be released from all further liability with respect to such money.

Any money deposited with the Trustee or any
Paying Agent, or then held by the Issuer or a Subsidiary, in trust for the payment of the principal of or any premium or interest on the
Notes and remaining unclaimed for two years after such principal, premium or interest has become due and payable shall be paid to the
Issuer on Issuer Request, or (if then held by the Issuer) shall be discharged from such trust; and the Holder of such Notes shall thereafter,
as an unsecured general creditor, look only to the Issuer for payment thereof, and all liability of the Trustee or such Paying Agent with
respect to such trust money, and all liability of the Issuer as trustee thereof, shall thereupon cease; provided, however,
that, if there are then Outstanding any Notes not in global form, the Trustee or such Paying Agent, before being required to make any
such repayment, may at the expense of the Issuer cause to be published once, in a newspaper published in the English language, customarily
published on each Business Day and of general circulation in the City and State of New York notice that such money remains unclaimed and
that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed balance of
such money then remaining will be repaid to the Issuer.

		Section 1004.	Annual Compliance Certificate; Statement by Officers as to Default.

(a)     
The Issuer shall deliver to the Trustee within 120 days after the end of each fiscal year of the Issuer ending after the
Initial Issuance Date an Officers’ Certificate signed by the principal executive officer, the principal accounting officer or the
principal financial officer of the Issuer, stating that a review of the activities of the Parent Guarantor and its Restricted Subsidiaries
during the preceding fiscal year has been made under the supervision of the signing Officer with a view to determining whether each of
the Issuer and the Guarantors has performed its obligations under the Indenture, and further stating whether or not the signers know of
any Default or Event of Default that occurred during such period. If they do, the certificate shall describe such Default or Event of
Default, its status and what action the Issuer is taking or proposes to take with respect thereto.

(b)     
The Issuer shall, so long as any Note is Outstanding, deliver to the Trustee within 30 days after the occurrence of a Default,
written notice (which need not be an Officers’ Certificate) specifying such Default, and what action the Issuer is taking or proposes
to take with respect thereto.

		Section 1005.	Existence.

Subject to Article Eight, the Issuer and each
Guarantor will do or cause to be done all things necessary to preserve and keep in full force and effect its existence, rights (charter
and statutory) and franchises; provided, however, that the Issuer and, if applicable, the Guarantors shall not be required
to preserve any such right or franchise if the Board of Directors shall

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determine that the preservation thereof is no longer desirable in
the conduct of the business of the Issuer or such Guarantor, as the case may be.

		Section 1006.	Limitation on Designation of Unrestricted Subsidiaries.

The Board of Directors of the Parent Guarantor
may designate any Subsidiary (including any newly formed or newly acquired Subsidiary or a Person becoming a Subsidiary through merger
or consolidation or Investment therein) of the Parent Guarantor as an “Unrestricted Subsidiary” under the Indenture (a “Designation”)
only if:

(1)     
no Default shall have occurred and be continuing at the time of or after giving effect to such Designation; and

(2)     
the Parent Guarantor would be permitted to make, at the time of such Designation, (a) a Permitted Investment or (b) an Investment
pursuant to Section 1009, in either case, in an amount (the “Designation Amount”) equal to the Fair Market Value of the Parent
Guarantor’s proportionate interest in such Subsidiary on such date.

No Subsidiary shall be Designated as an “Unrestricted
Subsidiary” unless:

(1)     
all of the Indebtedness of such Subsidiary and its Subsidiaries shall, at the date of Designation, consist of Non-Recourse Debt,
except for any guarantee given solely to support the pledge by the Parent Guarantor or any Restricted Subsidiary of the Equity Interests
of such Unrestricted Subsidiary, which guarantee is not recourse to the Parent Guarantor or any Restricted Subsidiary, and except for
any guarantee of Indebtedness of such Subsidiary by the Parent Guarantor or a Restricted Subsidiary that is permitted as both an incurrence
of Indebtedness and an Investment (in each case in an amount equal to the amount of such Indebtedness so guaranteed) permitted by Section
1008;

(2)     
on the date such Subsidiary is Designated an Unrestricted Subsidiary, such Subsidiary is not party to any agreement, contract,
arrangement or understanding (other than a guarantee permitted under clause (1) above) with the Parent Guarantor or any Restricted Subsidiary
unless the terms of the agreement, contract, arrangement or understanding are not materially less favorable to the Parent Guarantor or
the Restricted Subsidiary than those that could reasonably be expected to have been obtained at the time from Persons who are not Affiliates
of the Parent Guarantor; and

(3)     
such Subsidiary is a Person with respect to which neither the Parent Guarantor nor any of its Restricted Subsidiaries has any direct
or indirect obligation (a) to subscribe for additional Equity Interests of such Person or (b) to maintain or preserve the Person’s
financial condition or to cause the Person to achieve any specified levels of operating results (in each case other than a guarantee permitted
under clause (1) above) (it being understood that any contractual arrangements between the Parent Guarantor or any of its Restricted Subsidiaries
and such Subsidiary pursuant to which such Subsidiary sells products or provides services to the Parent Guarantor or such Restricted Subsidiary
in the ordinary course of business are not included in this clause (3)).

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Any such Designation by the Board of Directors
of the Parent Guarantor shall be evidenced to the Trustee by filing with the Trustee a Board Resolution of the Parent Guarantor giving
effect to such Designation and an Officers’ Certificate certifying that such Designation complies with the foregoing conditions.
If, at any time, any Unrestricted Subsidiary fails to meet the preceding requirements as an Unrestricted Subsidiary, it shall thereafter
cease to be an Unrestricted Subsidiary for purposes of the Indenture and any Indebtedness of the Subsidiary and any Liens on assets of
such Subsidiary shall be deemed to be incurred by a Restricted Subsidiary at such time and, if the Indebtedness is not permitted to be
incurred under Section 1008 or the Lien is not permitted under Section 1010, the Parent Guarantor shall be in default of the applicable
covenant.

The Board of Directors of the Parent Guarantor
may redesignate an Unrestricted Subsidiary as a Restricted Subsidiary (a “Redesignation”) only if:

(1)     
no Default shall have occurred and be continuing at the time of and after giving effect to such Redesignation; and

(2)     
all Liens, Indebtedness and Investments of such Unrestricted Subsidiary outstanding immediately following such Redesignation would,
if incurred or made at such time, have been permitted to be incurred or made for all purposes of the Indenture.

Any such Redesignation shall be evidenced to
the Trustee by filing with the Trustee a Board Resolution of the Parent Guarantor giving effect to such designation and an Officers’
Certificate certifying that such Redesignation complies with the foregoing conditions.

		Section 1007.	Purchase of Notes Upon a Change of Control.

Upon the occurrence of a Change of Control,
unless the Issuer has previously or concurrently exercised its right to redeem all of the Notes under Section 1103, each Holder of Notes
will have the right, except as provided below, to require that the Issuer purchase all or any part (equal to a minimum of $2,000 or an
integral multiple of $1,000 in excess thereof) of that Holder’s Notes for a cash price equal to 101.0% of the aggregate principal
amount of the Notes to be purchased, plus accrued and unpaid interest, if any, thereon to the date of purchase (the “Change of Control
Payment”).

Not later than 30 days following any Change
of Control, the Issuer will deliver, or cause to be delivered, to the Holders, with a copy to the Trustee, a notice:

(1)     
describing the transaction or transactions that constitute the Change of Control;

(2)     
offering to purchase, pursuant to the procedures required hereby and described in the notice (a “Change of Control Offer”),
on a date specified in the notice, which shall be a Business Day not earlier than 30 days, nor later than 60 days, from the date the notice
is delivered (the “Change of Control Payment Date”), and for the Change of Control Payment, all Notes that are properly tendered
by such Holder pursuant to such Change of Control Offer prior to 5:00 p.m., New York City time, on the second Business Day preceding the
Change of Control Payment Date; and

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(3)     
 describing the procedures, as determined by the Issuer, consistent with the Indenture, that Holders must follow to accept the
Change of Control Offer.

On or before the Change of Control Payment Date,
the Issuer will, to the extent lawful, deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of the
Notes or portions of Notes properly tendered.

On the Change of Control Payment Date, the Issuer
will, to the extent lawful:

(1)     
accept for payment all Notes or portions of Notes (of a minimum of $2,000 or integral multiples of $1,000 in excess thereof) properly
tendered pursuant to the Change of Control Offer; and

(2)     
deliver or cause to be delivered to the Trustee the Notes so accepted together with an Officers’ Certificate stating the
aggregate principal amount of Notes or portions of Notes being purchased by the Issuer.

The applicable Paying Agent will promptly deliver
to each Holder who has so tendered Notes the Change of Control Payment for such Notes, and the Trustee will promptly authenticate and
mail (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the
Notes so tendered, if any; provided that each such new Note will be in a minimum principal amount of $2,000 or integral multiples
of $1,000 in excess thereof.

If the Change of Control Payment Date is on
or after an interest record date and on or before the related Interest Payment Date, any accrued and unpaid interest, if any, will be
paid on the relevant Interest Payment Date to the Person in whose name a Note is registered at the close of business on such record date.

A Change of Control Offer will be required to
remain open for at least 20 Business Days or for such longer period as is required by law. The Issuer will publicly announce the results
of the Change of Control Offer on or as soon as practicable after the date of purchase.

The Issuer will not be required to make a Change
of Control Offer upon a Change of Control if (i) a third party makes the Change of Control Offer in the manner, at the times and otherwise
in compliance with the requirements set forth in the Indenture applicable to a Change of Control Offer made by the Issuer and purchases
all Notes properly tendered and not withdrawn under such Change of Control Offer or (ii) the Issuer has given notice of the redemption
of all of the Notes then Outstanding under Section 1103, unless and until there is a default in the payment of the applicable Redemption
Price.

If Holders of not less than 90.0% in aggregate
principal amount of the Outstanding Notes validly tender and do not withdraw such Notes in a Change of Control Offer and the Issuer, or
any third party making a Change of Control Offer in lieu of the Issuer as described above, purchases all of the Notes validly tendered
and not withdrawn by such Holders, the Issuer will have the right, upon not less than 10 nor more than 60 days’ prior notice, given
not more than 30 days following such purchase pursuant to the Change of Control Offer to redeem all Notes that remain Outstanding following
such purchase at a Redemption Price in cash equal to the

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applicable Change of Control Payment, plus, to the extent not included
in the Change of Control Payment price, accrued and unpaid interest, if any, to the date of redemption.

The Issuer will comply with all applicable securities
legislation in the United States, including, without limitation the requirements of Rule 14e-1 under the Exchange Act and any other applicable
laws and regulations in connection with the purchase of Notes pursuant to a Change of Control Offer. To the extent that the provisions
of any applicable securities laws or regulations conflict with this Section 1007, the Issuer shall comply with the applicable securities
laws and regulations and will not be deemed to have breached its obligations under this Section 1007 by virtue of such compliance.

Notwithstanding anything to the contrary contained
herein, a Change of Control Offer may be made in advance of a Change of Control, conditional upon such Change of Control, if a definitive
agreement is in place for the Change of Control at the time of making of the Change of Control Offer.

		Section 1008.	Limitation on Additional Indebtedness.

The Parent Guarantor will not, and will not
permit any Restricted Subsidiary to, directly or indirectly, incur any Indebtedness (including Acquired Indebtedness); provided that
the Parent Guarantor or any Restricted Subsidiary may incur additional Indebtedness (including Acquired Indebtedness), in each case, if,
after giving effect thereto on a pro forma basis (including giving pro forma effect to the application of the proceeds thereof), the Parent
Guarantor’s Consolidated Interest Coverage Ratio would be at least 2.00 to 1.00 (the “Coverage Ratio Exception”); provided,
further, that Indebtedness of Restricted Subsidiaries that are not Note Parties incurred pursuant to the Coverage Ratio Exception,
together with Indebtedness of Restricted Subsidiaries that are not Note Parties incurred pursuant to clauses (13) and (16) of the following
paragraph, shall not exceed at any time outstanding the greater of (a) $100 million and (b) 1.00% of the Parent Guarantor’s Consolidated
Tangible Assets determined at the time of incurrence.

Notwithstanding the above, each of the following
incurrences of Indebtedness shall be permitted (the “Permitted Indebtedness”):

(1)     
Indebtedness of the Issuer or any Guarantor under (a) one or more Credit Facilities providing solely for the issuance of letters
of credit, bank guaranties, bankers’ acceptances and similar instruments, in an aggregate face amount at any time outstanding not
to exceed $350.0 million; provided that such Credit Facilities shall be provided by commercial banks that issue letters of credit, bank
guaranties, bankers’ acceptances and similar instruments in the ordinary course of such commercial bank’s business and (b)
a single Credit Facility (which Credit Facility must constitute an ABL Facility or a revolving credit facility) in an aggregate principal
amount at any time outstanding, including the issuance and creation of letters of credit, bank guaranties, bankers’ acceptances
and similar instruments thereunder (with letters of credit, bank guaranties, bankers’ acceptances and similar instruments being
deemed to have a principal amount equal to the face amount thereof), not to exceed $400.0 million; provided that such Credit Facility
shall be provided by commercial banks that provide financings of the type

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described in the definition of ABL Facility in the ordinary
course of such commercial bank’s business;

(2)     
Indebtedness under (a) the Notes issued on the Initial Issuance Date and (b) the Guarantees of such Notes;

(3)     
Indebtedness of the Parent Guarantor and its Restricted Subsidiaries to the extent outstanding on the Initial Issuance Date (other
than Indebtedness referred to in clauses (1), (2) and (6) of this paragraph), including the Unsecured Notes outstanding on the Initial
Issuance Date and the guarantees thereof;

(4)     
(a) guarantees by the Issuer or any Guarantor of Indebtedness permitted to be incurred in accordance with the provisions of the
Indenture; provided that in the event such Indebtedness that is being guaranteed is Subordinated Indebtedness, then the related
guarantee shall be subordinated in right of payment to the Notes or the Guarantees, as the case may be, and (b) guarantees of Indebtedness
incurred by Restricted Subsidiaries that are not Guarantors;

(5)     
Indebtedness under Hedging Obligations entered into for bona fide hedging purposes of the Parent Guarantor or any Restricted Subsidiary
and not for the purpose of speculation;

(6)     
Indebtedness of the Parent Guarantor owed to and held by a Restricted Subsidiary and Indebtedness of any Restricted Subsidiary
owed to and held by the Parent Guarantor or any other Restricted Subsidiary; provided, however, that (i) any subsequent
issuance or transfer of Equity Interests or any other event which results in any such Indebtedness being held by a Person other than the
Parent Guarantor or any other Restricted Subsidiary and (ii) any sale or other transfer of any such Indebtedness to a Person other than
the Parent Guarantor or any other Restricted Subsidiary shall be deemed, in each case of this proviso, to constitute an incurrence of
such Indebtedness not permitted by this clause (6);

(7)     
Indebtedness of the Parent Guarantor or any Restricted Subsidiary in respect of workers’ compensation claims, bank guarantees,
warehouse receipt or similar facilities, property, casualty or liability insurance, take-or-pay obligations in supply arrangements, self-insurance
obligations or completion, performance, bid performance, appeal, customs, advance payment or surety bonds or similar instruments in the
ordinary course of business, including guarantees or obligations with respect to letters of credit supporting such workers’ compensation
claims, bank guarantees, warehouse receipt or similar facilities, property, casualty or liability insurance, and letters of credit supporting
performance or other obligations of the Parent Guarantor or any Restricted Subsidiary, take-or-pay obligations in supply arrangements,
self-insurance obligations or completion, performance, bid performance, appeal, customs, advance payment or surety bonds or similar instruments;

(8)     
Purchase Money Indebtedness incurred by the Parent Guarantor or any Restricted Subsidiary after the Initial Issuance Date in an
aggregate principal amount,

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taken together with Refinancing Indebtedness in respect thereof,
not to exceed at any time outstanding the greater of (a) $250 million and (b) 2.50% of the Parent Guarantor’s Consolidated Tangible
Assets determined at the time of incurrence;

(9)     
Indebtedness of the Parent Guarantor or any Restricted Subsidiary arising from the honoring by a bank or other financial institution
of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business;

(10)    
Indebtedness of the Parent Guarantor or any Restricted Subsidiary arising in connection with endorsement of instruments for deposit
in the ordinary course of business;

(11)    
Refinancing Indebtedness with respect to Indebtedness incurred pursuant to the Coverage Ratio Exception or with respect to Indebtedness
incurred pursuant to clause (2), (3) or (8) above, this clause (11), or clause (13), (16), (17) or (18) below;

(12)    
indemnification, adjustment of purchase price, earn-out or similar obligations, in each case, incurred or assumed in connection
with the acquisition or disposition of any business or assets of the Parent Guarantor or any Restricted Subsidiary or Equity Interests
of a Restricted Subsidiary, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business,
assets or Equity Interests for the purpose of financing or in contemplation of any such acquisition;

(13)    
additional Indebtedness of the Parent Guarantor or any Restricted Subsidiary in an aggregate principal amount which, when taken
together with the principal amount of all other Indebtedness incurred pursuant to this clause (13) and any Refinancing Indebtedness thereof
and then outstanding, will not exceed the greater of (a) $500 million and (b) 5.00% of the Parent Guarantor’s Consolidated Tangible
Assets determined at the time of incurrence; provided, further, that Indebtedness of Restricted Subsidiaries that are not Note
Parties incurred pursuant to this clause (13), together with Indebtedness of Restricted Subsidiaries that are not Note Parties incurred
pursuant to the Coverage Ratio Exception and clause (16) below, shall not exceed at any time outstanding the greater of (a) $100.0 million
and (b) 1.00% of the Parent Guarantor’s Consolidated Tangible Assets determined at the time of incurrence;

(14)    
Indebtedness in respect of Specified Cash Management Agreements entered into in the ordinary course of business;

(15)    
Indebtedness incurred in connection with a Permitted Factoring Transaction that is not recourse to the Parent Guarantor or any
Restricted Subsidiary (except for Standard Securitization Undertakings);

(16)    
Indebtedness of Persons incurred and outstanding on the date on which such Person was acquired by the Parent Guarantor or any Restricted
Subsidiary, or merged or consolidated with or into the Parent Guarantor or any Restricted Subsidiary (other than Indebtedness incurred
in connection with, or in contemplation of, such acquisition, merger or consolidation); provided, however, that at the time
such Person or its assets are acquired by the Parent Guarantor or a Restricted Subsidiary, or merged or

    	 	93	 

     

    

consolidated with the Parent Guarantor or a Restricted Subsidiary
and after giving pro forma effect to the incurrence of such Indebtedness pursuant to this clause (16) and any other related Indebtedness,
either (i) the Parent Guarantor would have been able to incur $1.00 of additional Indebtedness pursuant to the Coverage Ratio Exception;
or (ii) the Consolidated Interest Coverage Ratio of the Parent Guarantor and its Restricted Subsidiaries would be greater than or equal
to such Consolidated Interest Coverage Ratio immediately prior to such acquisition, merger or consolidation; provided, further,
that Indebtedness of Restricted Subsidiaries that are not Note Parties incurred pursuant to this clause (16), together with Indebtedness
of Restricted Subsidiaries that are not Note Parties incurred pursuant to the Coverage Ratio Exception and clause (13) above, shall not
exceed at any time outstanding the greater of (a) $100.0 million and (b) 1.00% of the Parent Guarantor’s Consolidated Tangible Assets
determined at the time of incurrence;

(17)    
(a) Indebtedness incurred under the Additional Notes as described under Section 314, in an aggregate principal amount not to exceed
$100.0 million at any one time outstanding (which shall be fungible for tax purposes with the Initial Notes) and (b) the Guarantees of
such Notes; and

(18)    
Indebtedness incurred under any letters of credit, bank guaranties, bankers’ acceptances and similar instruments issued in
the ordinary course of business.

For purposes of determining compliance with
this Section 1008, in the event that an item of Indebtedness meets the criteria of more than one of the categories of Permitted Indebtedness
described in clauses (2) through (18) above or is entitled to be incurred pursuant to the Coverage Ratio Exception, the Parent Guarantor
shall, in its sole discretion, classify such item of Indebtedness and may divide and classify such Indebtedness in more than one of the
types of Indebtedness and may later reclassify any item of Indebtedness described in the Coverage Ratio Exception or clauses (2) through
(18) above (provided that at the time of reclassification it meets the criteria in such category or categories). In addition, for
purposes of determining any particular amount of Indebtedness under this covenant, (i) guarantees, Liens or obligations with respect to
letters of credit, bank guaranties, bankers’ acceptances and similar instruments supporting Indebtedness otherwise included in the
determination of such particular amount shall not be included so long as incurred by a Person that could have incurred such Indebtedness
and (ii) the amount of Indebtedness issued at a price that is less than the principal amount thereof will be equal to the amount of the
liability in respect thereof determined in accordance with GAAP.

The accrual of interest, the accretion or amortization
of original issue discount and the payment of interest on any Indebtedness, including in the form of additional Indebtedness with the
same terms, will not be deemed to be an incurrence of Indebtedness of this Section 1008; provided, in each such case, that the
amount thereof is included in Consolidated Interest Expense of the Parent Guarantor as accrued.

For the purposes of determining compliance with
any U.S. dollar-denominated restriction on the incurrence of Indebtedness denominated in a foreign currency, the U.S. dollar-equivalent
principal amount of such Indebtedness incurred pursuant thereto shall be calculated based on the relevant currency exchange rate in effect
on the earlier of the date that such Indebtedness was incurred, in the case of term Indebtedness, or first committed, in the case of revolving
credit

    	 	94	 

     

    

Indebtedness; provided that if such Indebtedness is incurred
to refinance other Indebtedness denominated in a foreign currency, and such refinancing would cause the applicable U.S. dollar-denominated
restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated
restriction shall be deemed not to have been exceeded so long as the principal amount of such Refinancing Indebtedness does not exceed
the principal amount of such Indebtedness being refinanced. The principal amount of any Indebtedness incurred to refinance other Indebtedness,
if incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable
to the currencies in which such Refinancing Indebtedness is denominated that is in effect on the date of such refinancing.

If at any time an Unrestricted Subsidiary becomes
a Restricted Subsidiary, any Indebtedness of such Subsidiary shall be deemed to be incurred by a Restricted Subsidiary as of such date
(and, if such Indebtedness is not permitted to be incurred as of such date under this Section 1008, the Issuer shall be in Default of
this covenant).

		Section 1009.	Limitation on Restricted Payments.

The Parent Guarantor will not, and will not
permit any Restricted Subsidiary to, directly or indirectly, make any Restricted Payment if at the time of such Restricted Payment:

(1)     
a Default shall have occurred and be continuing or shall occur as a consequence thereof;

(2)     
the Parent Guarantor is not able to incur at least $1.00 of additional Indebtedness pursuant to the Coverage Ratio Exception; or

(3)     
the amount of such Restricted Payment, when added to the aggregate amount of all other Restricted Payments made after the Initial
Issuance Date (other than Restricted Payments made pursuant to clauses (2) through (11) of the next paragraph), exceeds the sum (the “Restricted
Payments Basket”) of (without duplication):

(a)     
50.0% of Consolidated Net Income of the Parent Guarantor and the Restricted Subsidiaries for the period (taken as one accounting
period) commencing on October 1, 2021 to and including the last day of the fiscal quarter ended immediately prior to the date of such
calculation for which consolidated financial statements are available (or, if such Consolidated Net Income shall be a deficit, minus 100.0%
of such deficit), plus

(b)     
100.0% of (A) (i) the aggregate net cash proceeds and (ii) the Fair Market Value of (x) marketable securities (other than
marketable securities of the Parent Guarantor), (y) Equity Interests of a Person (other than the Parent Guarantor or a Subsidiary of the
Parent Guarantor) engaged in a Permitted Business and (z) other assets used in any Permitted Business, received by the Parent Guarantor
or its Restricted Subsidiaries after the Initial Issuance Date, in each case as a contribution to the Parent Guarantor’s or its
Restricted Subsidiaries’ common equity capital or from the issue or sale of Qualified Equity Interests of the Parent Guarantor or
from the issue or sale of convertible or

    	 	95	 

     

    

exchangeable Disqualified Equity Interests of the Parent Guarantor
or convertible or exchangeable debt securities of the Parent Guarantor that have been converted into or exchanged for such Qualified Equity
Interests (other than Equity Interests or debt securities sold to a Subsidiary of the Parent Guarantor), and (B) the aggregate net cash
proceeds, if any, received by the Parent Guarantor or any of its Restricted Subsidiaries upon any conversion or exchange described in
clause (A) above, plus

(c)     
in the case of the disposition or repayment of or return on any Investment that was treated as a Restricted Payment after
the Initial Issuance Date, an amount (to the extent not included in the computation of Consolidated Net Income) equal to 100.0% of the
aggregate amount received by the Parent Guarantor or any Restricted Subsidiary in cash or other property (valued at the Fair Market Value
thereof) as the return of capital with respect to such Investment, plus

(d)     
upon a Redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary, an amount (to the extent not included in
the computation of Consolidated Net Income) equal to the lesser of (i) the Fair Market Value of the Parent Guarantor’s proportionate
interest in such Subsidiary immediately following such Redesignation, and (ii) the aggregate amount of the Parent Guarantor’s Investments
in such Subsidiary to the extent such Investments reduced the Restricted Payments Basket and were not previously repaid or otherwise reduced.

Notwithstanding the foregoing, the provisions
set forth in the immediately preceding paragraph will not prohibit:

(1)     
the payment of any dividend or redemption payment or the making of any distribution within 60 days after the date of declaration
thereof if, on the date of declaration, the dividend, redemption or distribution payment, as the case may be, would have complied with
the provisions of the Indenture;

(2)     
any Restricted Payment made in exchange for, or out of the proceeds of, the substantially concurrent issuance and sale of Qualified
Equity Interests;

(3)     
the purchase, repurchase, redemption, defeasance or other acquisition or retirement for value of any Junior Financing in exchange
for, or out of the proceeds of, the substantially concurrent incurrence of, Refinancing Indebtedness permitted to be incurred under Section
1008 and the other terms of the Indenture;

(4)     
the purchase, repurchase, redemption, defeasance or other acquisition or retirement for value of any Junior Financing at a purchase
price not greater than 101.0% of the principal amount of such Junior Financing in the event of a Change of Control in accordance with
provisions similar to Section 1007; provided that, prior to or simultaneously with such purchase, repurchase, redemption, defeasance
or other acquisition or retirement, the Issuer has made the Change of Control Offer as provided in

    	 	96	 

     

    

Section 1007 and has completed the repurchase or redemption
of all Notes validly tendered for payment in connection with such Change of Control Offer;

(5)     
so long as no Default or Event of Default has occurred and is continuing or would result therefrom, the redemption, repurchase
or other acquisition or retirement for value of Equity Interests of the Parent Guarantor held by officers, directors or employees or former
officers, directors or employees (or their transferees, estates or beneficiaries under their estates), either (x) upon any such individual’s
death, disability, retirement, severance or termination of employment or service or (y) pursuant to any equity subscription agreement,
stock option agreement, restricted stock agreement, restricted stock unit agreement, stockholders’ agreement or similar agreement;
provided, in any case, that the aggregate cash consideration paid for all such redemptions, repurchases or other acquisitions or
retirements shall not exceed (A) $25.0 million during any calendar year (with unused amounts in any calendar year being carried forward
to the next succeeding calendar year) plus (B) the amount of any net cash proceeds received by or contributed to the Parent Guarantor
from the issuance and sale after the Initial Issuance Date of Qualified Equity Interests to its officers, directors or employees that
have not been applied to the payment of Restricted Payments pursuant to this clause (5), plus (C) the net cash proceeds of any “key-man”
life insurance policies that have not been applied to the payment of Restricted Payments pursuant to this clause (5); and provided further
that cancellation of Indebtedness owing to the Parent Guarantor from members of management of the Parent Guarantor or any Restricted Subsidiary
in connection with a repurchase of Equity Interests of the Parent Guarantor will not be deemed to constitute a Restricted Payment for
purposes of this covenant or any other provision of the Indenture;

(6)     
(a) repurchases, redemptions or other acquisitions or retirements for value of Equity Interests of the Parent Guarantor or its
Restricted Subsidiaries deemed to occur upon the exercise of stock options, warrants, rights to acquire Equity Interests of the Parent
Guarantor or its Restricted Subsidiaries or other convertible securities to the extent such Equity Interests of the Parent Guarantor or
its Restricted Subsidiaries represent a portion of the exercise or exchange price thereof and (b) any repurchase, redemptions or other
acquisitions or retirements for value of Equity Interests of the Parent Guarantor or its Restricted Subsidiaries made in lieu of withholding
taxes in connection with any exercise or exchange of stock options, warrants or similar rights;

(7)     
dividends or distributions on Disqualified Equity Interests of the Parent Guarantor or on any Preferred Stock of any Restricted
Subsidiary, in each case issued in compliance with Section 1008 to the extent such dividends or distributions are included in the definition
of Consolidated Interest Expense;

(8)     
the payment of cash in lieu of fractional Equity Interests;

(9)     
payments or distributions to dissenting stockholders pursuant to applicable law in connection with a merger, consolidation or amalgamation
that complies with the provisions of Section 801;

    	 	97	 

     

    

(10)    
 purchases of receivables pursuant to a Receivables Repurchase Obligation in connection with a Permitted Factoring Transaction
and the payment or distribution of fees related thereto;

(11)    
cash distributions by the Parent Guarantor to the holders of Equity Interests of the Parent Guarantor in accordance with a distribution
reinvestment plan or dividend reinvestment plan to the extent such payments are applied to the purchase of Equity Interests directly from
the Parent Guarantor;

(12)    
payment of other Restricted Payments from time to time in an aggregate amount since the Initial Issuance Date not to exceed the
sum of (i) the greater of (x) $500.0 million and (y) 5.00% of the Parent Guarantor’s Consolidated Tangible Assets determined at
the time made plus (ii) to the extent that any Restricted Payment is made to effect a redemption of all or any portion of the Unsecured
Notes (such redeemed Unsecured Notes, the “Redeemed Unsecured Notes”), the amount of accrued and unpaid interest on
the Redeemed Unsecured Notes, any premium paid to the holders of the Redeemed Unsecured Notes and reasonable expenses incurred in connection
with the redemption of the Redeemed Unsecured Notes; or

(13)    
dividends, loans, advances or distributions to any Successor Parent or other payments by the Parent Guarantor or any of the Parent
Guarantor’s Subsidiaries in amounts required for any Successor Parent to pay any Related Taxes;

provided, that no issuance and sale of
Qualified Equity Interests used to make a payment pursuant to clauses (2) or (5)(B) above shall increase the Restricted Payments Basket
to the extent of such payment.

For the purposes of determining compliance with
any U.S. dollar-denominated restriction on Restricted Payments denominated in a foreign currency, the U.S. dollar-equivalent amount of
such Restricted Payment shall be calculated based on the relevant currency exchange rate in effect on the date that such Restricted Payment
was made. The amount of any Restricted Payment (other than cash) will be the Fair Market Value on the date of the Restricted Payment (or,
in the case of a dividend, on the date of declaration) of the assets or securities proposed to be transferred or issued by the Parent
Guarantor or a Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment.

		Section 1010.	Limitation on Liens.

The Parent Guarantor will not, nor will it permit
any Restricted Subsidiary to, create, assume, incur or suffer to exist any Lien upon any property, whether owned or leased on the Initial
Issuance Date or thereafter acquired. This restriction shall not apply to:

(1)     
Liens (i) existing on the Initial Issuance Date (other than Liens under clauses (1)(iii) and (1)(iv)), (ii) provided for under
the terms of agreements existing on such date securing Indebtedness existing on such date (other than Liens under clauses (1)(iii) and
(1)(iv)), (iii) under the terms of a Credit Facility (including the LC Credit Agreement, any ABL Facility or any other Credit Facility)
securing Indebtedness incurred pursuant to clause (1) of the definition of Permitted Indebtedness; provided that

    	 	98	 

     

    

(A) such Liens (other than Liens on a cash collateral account
holding funds in an amount not to exceed $50,000,000 (and any interest thereon) to secure obligations under the LC Credit Agreement) shall
be limited to the Collateral, (B) in the case of Liens securing Indebtedness incurred pursuant to clause (1)(a) of the definition of Permitted
Indebtedness, such Liens (other than Liens on a cash collateral account holding funds in an amount not to exceed $50,000,000 (and any
interest thereon) to secure obligations under the LC Credit Agreement) shall have the priorities set forth in a First Lien Intercreditor
Agreement, and (3) in the case of Liens securing Indebtedness incurred pursuant to clause (1)(b) of the definition of Permitted Indebtedness,
such Liens shall have the priorities set forth in (x) if not incurred in the form of an ABL Facility, a First Lien Intercreditor Agreement
(having the priority of either LC Obligations or Notes Obligations (in each case as defined therein), in the discretion of the Issuer),
or (y) if incurred in the form of an ABL Facility, an ABL Intercreditor Agreement (it being understood, for the avoidance of doubt, that
ABL Obligations incurred pursuant to clause (1)(b) of the definition of Permitted Indebtedness may be senior in priority to the Liens
hereunder with respect to ABL Priority Collateral), or (iv) securing (a) the Notes issued on the Initial Issuance Date and (b) the Guarantees
of such Notes;

(2)     
Liens securing Indebtedness incurred pursuant to clauses (5), (9), (10), (14), (17) and (18) (provided that Liens securing Indebtedness
incurred pursuant to clause (18) of the definition of Permitted Indebtedness shall be limited to cash collateral pledged to secure letters
of credit, bank guaranties, bankers’ acceptances and similar instruments on customary and then prevailing market terms (as determined
in good faith by the Issuer)) of the definition of Permitted Indebtedness;

(3)     
Liens on property acquired, constructed, altered or improved by the Parent Guarantor or any Restricted Subsidiary after the date
of the Indenture which are created or assumed contemporaneously with, or within one year after, such acquisition (or in the case of property
constructed, altered or improved, after the completion and commencement of commercial operation of such property, whichever is later)
to secure or provide for the payment of any part of the purchase price of such property or the cost of such construction, alteration or
improvement, it being understood that if a commitment for such a financing is obtained prior to or within such one year period, the applicable
Lien shall be deemed to be included in this clause (3) whether or not such Lien is created within such one year period; provided that
in the case of any such construction, alteration or improvement the Lien shall not apply to any property theretofore owned by the Parent
Guarantor or any Restricted Subsidiary, other than (i) the property so altered or improved and (ii) any theretofore unimproved real property
on which the property so constructed or altered, or the improvement, is located;

(4)     
Liens on any property existing at the time of acquisition thereof (including Liens on any property acquired from or held by a Person
which is consolidated or amalgamated with or merged with or into the Parent Guarantor or a Restricted Subsidiary) and Liens outstanding
at the time any Person becomes a Restricted Subsidiary of the Parent Guarantor that are not incurred in connection with such entity becoming
a Restricted Subsidiary of the Parent Guarantor;

    	 	99	 

     

    

(5)     
 Liens in favor of the Parent Guarantor or any Restricted Subsidiary;

(6)     
Liens on any property (i) in favor of the United States, any State thereof, any foreign country or any department, agency, instrumentality
or political subdivision of any such jurisdiction, to secure partial, progress, advance or other payments pursuant to any contract or
statute, (ii) securing any indebtedness incurred for the purpose of financing all or any part of the purchase price or the cost of constructing,
installing or improving the property subject to such Liens, including, without limitation, Liens to secure Indebtedness of the pollution
control or industrial revenue bond type, or (iii) securing indebtedness issued or guaranteed by the United States, any State thereof,
any foreign country, or any department, agency, instrumentality or political subdivision of any such jurisdiction;

(7)     
precautionary Liens on Receivables arising in connection with Permitted Factoring Transactions, attaching solely to the Receivables
and Receivables Related Security under such Permitted Factoring Transactions;

(8)     
Permitted Liens; and

(9)     
any extension, renewal, or replacement (or successive extensions, renewals or replacements), in whole or in part, of any Lien referred
to in any of the foregoing clauses (1)(i), (1)(ii), (1)(iv), (2), (3), (4), (5), (6), (7) and (8) to the extent such extension, renewal
or replacement (or successive extensions, renewals or replacements) involves a Lien described in the foregoing clauses; provided, however,
that the principal amount of Indebtedness secured thereby shall not exceed the principal amount of Indebtedness so secured at the time
of such extension, renewal or replacement, together with the reasonable costs related to such extension, renewal or replacement, and that
such extension, renewal or replacement shall be limited to all or a part of the property which secured the Lien so extended, renewed or
replaced (plus improvements on such property).

		Section 1011.	Limitation on Dividends and Other Restrictions Affecting Restricted Subsidiaries.

The Parent Guarantor will not, and will not
permit any Restricted Subsidiary (other than the Issuer or a Subsidiary Guarantor) to, directly or indirectly, create or otherwise cause
or permit to exist or become effective any consensual encumbrance or consensual restriction on the ability of such Restricted Subsidiary
to:

(a)     
pay dividends or make any other distributions on or in respect of its Equity Interests to the Parent Guarantor or any of
its other Restricted Subsidiaries, or with respect to any other interest or participation in, or measured by, its profits (it being understood
that the priority of any Preferred Stock in receiving dividends or liquidating distributions prior to dividends or liquidating distributions
being paid on Common Stock shall not be deemed a restriction on the ability to make distributions on Equity Interests);

(b)     
make loans or advances, or pay any Indebtedness or other obligation owed, to the Parent Guarantor or any other Restricted
Subsidiary (it being understood that the subordination of loans or advances made to the Parent

    	 	100	 

     

    

Guarantor or any Restricted Subsidiary to other Indebtedness
or obligations incurred by the Parent Guarantor or any Restricted Subsidiary shall not be deemed a restriction on the ability to make
loans or advances); or

(c)     
transfer any of its property or assets to the Parent Guarantor or any other Restricted Subsidiary (it being understood that
such transfers shall not include any type of transfer described in clause (a) or (b) above);

except for, in each case:

(1)     
encumbrances or restrictions existing under agreements existing on the Initial Issuance Date (including, without limitation, the
LC Credit Agreement and the Unsecured Notes Indenture) as in effect on that date;

(2)     
encumbrances or restrictions existing under the Indenture, the Notes and the Guarantees;

(3)     
any instrument governing Acquired Indebtedness or Equity Interests of a Person acquired by the Parent Guarantor or any of its Restricted
Subsidiaries, which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than
the Person or the properties or assets of the Person so acquired;

(4)     
any agreement or other instrument of a Person acquired by the Parent Guarantor or any of its Restricted Subsidiaries in existence
at the time of such acquisition (but not created in contemplation thereof), which encumbrance or restriction is not applicable to any
Person, or the properties or assets of any Person, other than the Person and its Subsidiaries, or the property or assets of the Person
and its Subsidiaries, so acquired (including after acquired property);

(5)     
any amendment, restatement, modification, renewal, increases, supplement, refunding, replacement or refinancing of an agreement
referred to in clauses (1), (2), (3), (4), (5), or (10); provided, however, that such amendments, restatements, modifications,
renewals, increases, supplements, refunding, replacements or refinancing are, in the good faith judgment of the Parent Guarantor, not
materially more restrictive, taken as a whole, than the encumbrances and restrictions contained in the agreements referred to in such
clauses on the Initial Issuance Date or the date such Restricted Subsidiary became a Restricted Subsidiary or was merged into a Restricted
Subsidiary, whichever is applicable;

(6)     
encumbrances or restrictions existing under or by reason of applicable law, regulation or order;

(7)     
customary restrictions or limitations in leases, licenses or other agreements restricting the assignment thereof or the assignment
of the property that is the subject of such agreement;

    	 	101	 

     

    

(8)     
 in the case of clause (c) above, Liens permitted to be incurred under Section 1010 that limit the right of the debtor to dispose
of the assets securing such Indebtedness;

(9)     
restrictions imposed under any agreement to sell Equity Interests or assets to any Person pending the closing of such sale;

(10)    
any other agreement governing Indebtedness or other obligations entered into after the Initial Issuance Date that either (A) contains
encumbrances and restrictions that in the good faith judgment of the Parent Guarantor are not materially more restrictive, taken as a
whole, with respect to any Restricted Subsidiary than those in effect on the Initial Issuance Date with respect to that Restricted Subsidiary
pursuant to agreements in effect on the Initial Issuance Date or those contained in the Indenture, the Notes and the Guarantees or (B)
any such encumbrance or restriction contained in agreements or instruments governing such Indebtedness that is customary and does not
prohibit (except upon a default or an event of default thereunder) the payment of dividends in an amount sufficient, as determined by
the Issuer in good faith, to make scheduled payments of cash interest and principal on the Notes when due;

(11)    
provisions in partnership agreements, limited liability company organizational governance documents, joint venture agreements,
shareholder agreements and other similar agreements that restrict the disposition or distribution of ownership interests in or assets
of such partnership, limited liability company, joint venture, corporation or similar Person;

(12)    
Purchase Money Indebtedness and any Refinancing Indebtedness in respect thereof incurred in compliance with Section 1008 that imposes
restrictions of the nature described in clause (c) above on the assets acquired;

(13)    
restrictions on cash or other deposits or net worth imposed by customers, suppliers or landlords under contracts entered into in
the ordinary course of business;

(14)    
any encumbrance or restriction with respect to an Unrestricted Subsidiary pursuant to or by reason of an agreement that the Unrestricted
Subsidiary is a party to entered into before the date on which such Unrestricted Subsidiary became a Restricted Subsidiary; provided
that such agreement was not entered into in anticipation of the Unrestricted Subsidiary becoming a Restricted Subsidiary and any such
encumbrance or restriction shall not extend to any assets or property of the Parent Guarantor or any other Restricted Subsidiary other
than the assets and property so acquired;

(15)    
with respect to any Foreign Restricted Subsidiary, any encumbrance or restriction contained in the terms of any Indebtedness or
any agreement pursuant to which such Indebtedness was incurred if either (A) the encumbrance or restriction applies only in the event
of a payment default or a default with respect to a financial covenant in such Indebtedness or agreement or (B) the Parent Guarantor determines
that any such encumbrance or restriction will not materially affect the Issuer’s ability to make principal

    	 	102	 

     

    

or interest payments on the Notes, as determined in good faith
by the Board of Directors of the Issuer, whose determination shall be conclusive;

(16)    
any Permitted Investment or Restricted Payments which are made in accordance with Section 1009;

(17)    
restrictions contained in Standard Securitization Undertakings; and

(18)    
supermajority voting requirements existing under corporate charters, by-laws, stockholders agreements and similar documents and
agreements.

		Section 1012.	Limitation on Asset Sales.

The Parent Guarantor shall not, and shall not
permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless:

(1)     
the Parent Guarantor (or the Restricted Subsidiary, as the case may be) receives consideration (including by way of relief from,
or any Person assuming responsibilities for, any liabilities, contingent or otherwise) at the time of the Asset Sale at least equal to
the Fair Market Value (measured as of the date of the definitive agreement with respect to such Asset Sale) of the assets or Equity Interests
issued or sold or otherwise disposed of; and

(2)     
at least 75% of the aggregate consideration received by the Parent Guarantor and its Restricted Subsidiaries in the Asset Sale
and all other Asset Sales since the date of the Indenture is in the form of cash or Cash Equivalents. For purposes of this provision,
each of the following will be deemed to be cash:

(a)     
any liabilities, as shown on the Parent Guarantor’s or any Restricted Subsidiary’s most recent consolidated balance
sheet, of the Parent Guarantor or such Restricted Subsidiary (other than (i) a Junior Financing and (ii) contingent liabilities and liabilities
that are by their terms subordinated in right of payment to the Notes or any Subsidiary Guarantee) that are assumed by the transferee
of any such assets pursuant to a novation or indemnity agreement that releases the Parent Guarantor or such Restricted Subsidiary from
further liability (or in lieu of such absence of liability, the acquiring Person or its parent company agrees to indemnify and hold the
Parent Guarantor or such Restricted Subsidiary harmless from and against any loss, liability or cost in respect of such assumed liabilities
accompanied by the posting of a letter of credit (issued by a commercial bank of national standing) in favor of the Parent Guarantor or
such Restricted Subsidiary for the full amount of such liabilities and for so long as such liabilities remain outstanding unless such
indemnifying party (or its long term debt securities) shall have an investment grade rating (with no indication of a negative outlook
or credit watch with negative implications, in any case, that contemplates such indemnifying party (or its long term debt securities)
failing to have an investment grade rating) at the time the indemnity is entered into) or that are otherwise cancelled or terminated in
connection with the transaction with such transferee;

(b)     
any securities, notes or other obligations received by the Parent Guarantor or any such Restricted Subsidiary from such transferee
that are, within 180 days after the

    	 	103	 

     

    

Asset Sale, converted by the Parent Guarantor or such Restricted
Subsidiary into cash, to the extent of the cash received in that conversion; and

(c)     
Additional Assets.

Within 365 days after the receipt of any Net
Proceeds from an Asset Sale, the Parent Guarantor (or any Restricted Subsidiary) may apply those Net Proceeds at its option to any combination
of the following:

(I)     
to prepay, repay, redeem or repurchase (A) First Priority Obligations; provided, however, that, in connection with any prepayment,
repayment, redemption repurchase of Indebtedness pursuant to this clause (I)(A), (a) the Parent Guarantor or such Restricted Subsidiary
will retire such Indebtedness and, in the case of revolving Indebtedness, will cause the related commitment (if any) to be permanently
reduced in an amount equal to the principal amount so retired and (b) if the asset that is subject to the Asset Sale is subject to
a Lien securing First Priority Obligations that ranks pari passu with (and is not subject to a waterfall provision with seniority to)
the Indenture Obligations, the Parent Guarantor or such Restricted Subsidiary will redeem or repurchase (or offer to redeem or repurchase)
the Notes on a pro rata (or greater) basis with any other First Priority Obligations being prepaid, repaid, redeemed or repurchased, at
the Company’s option, as provided under Section 1103 herein, through open market purchases (to the extent such purchases are at
a purchase price at or above 100% of the principal amount thereof) or by making an offer (in accordance with the procedures set forth
below for an Asset Sale Offer) to all Holders to purchase the Notes at 100% of the principal amount thereof, plus the amount of accrued
but unpaid interest, if any, on the amount of Notes that would otherwise be prepaid or (B) solely to the extent such Net Proceeds are
received in respect of properties or assets of a Restricted Subsidiary that is not a Note Party, Indebtedness of a Restricted Subsidiary
that is not a Note Party;

(II)    
to purchase Notes;

(III)   
to invest in or acquire Additional Assets; or

(IV)   
to make capital expenditures in respect of the Parent Guarantor’s or its Restricted Subsidiaries’ Permitted Business;

provided that (i) to the extent that the assets sold pursuant
to this Section constituted Collateral, the Additional Assets received as consideration or that were acquired or invested in and the assets
in respect of which such capital expenditures were made shall be owned by Note Parties and (ii) pending the final application of the amount
of any such Net Proceeds pursuant to this covenant, the Parent Guarantor, the Issuer and the Restricted Subsidiaries shall not use any
such Net Proceeds (x) to repay, repurchase or acquire any long term funded Indebtedness or (y) to make any Restricted Payment.

Any Net Proceeds from Asset Sales that are not
applied or invested as provided in the second preceding paragraph will constitute “Excess Proceeds.”

If on the 366th day after an Asset Sale the
aggregate amount of Excess Proceeds then exceeds $25.0 million, within five days after such date, the Issuer will make an offer (the “Asset

    	 	104	 

     

    

Sale Offer”) to all Holders of Notes, and all holders
of other Indebtedness that constitutes First Priority Obligations containing provisions similar to those set forth in the Indenture with
respect to offers to purchase, prepay or redeem with the proceeds of sales of assets, to purchase, prepay or redeem on a pro rata basis
(based on principal amounts of Notes and other First Priority Obligations) the maximum principal amount of Notes and such other First
Priority Obligations (plus all accrued interest on the Indebtedness and the amount of all fees and expenses, including premiums, incurred
in connection therewith) that may be purchased, prepaid or redeemed out of the Excess Proceeds. The offer price in any Asset Sale Offer
will be equal to 100% of principal amount plus accrued and unpaid interest, if any, to the date of settlement, subject to the right of
Holders of record on the relevant record date to receive interest due on an interest payment date that is on or prior to the date of settlement,
and will be payable in cash. If any Excess Proceeds remain after consummation of an Asset Sale Offer, the Parent Guarantor or any Restricted
Subsidiary may use those Excess Proceeds for any purpose not otherwise prohibited by the Indenture. If the aggregate principal amount
of Notes tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds allocated to the purchase of Notes, the Issuer will
select the Notes to be purchased on a pro rata basis (except that any Notes represented by a note in global form will be selected by such
method as DTC or its nominee or successor may require), based on the principal amounts tendered (with such adjustments as may be deemed
appropriate by the Issuer so that only Notes in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof, will
be purchased). Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero. The Parent Guarantor may
satisfy the foregoing obligation with respect to any Excess Proceeds by making an Asset Sale Offer prior to the expiration of the relevant
365-day period or with respect to Excess Proceeds of $25.0 million or less.

The provisions under the Indenture relative
to the Parent Guarantor’s obligation to make an offer to repurchase the Notes as a result of an Asset Sale may be waived or modified
with the written consent of a majority in principal amount of the outstanding Notes.

The Issuer will comply with the requirements
of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations
are applicable in connection with each repurchase of Notes pursuant to an Asset Sale Offer. To the extent that the provisions of any securities
laws or regulations conflict with the provisions of this Section 1012, the Issuer will comply with the applicable securities laws
and regulations and will not be deemed to have breached its obligations under such provisions by virtue of such compliance.

		Section 1013.	Limitation on Affiliate Transactions.

The Parent Guarantor will not, and will not
permit any of its Restricted Subsidiaries to, directly or indirectly, in one transaction or a series of related transactions, sell, lease,
transfer or otherwise dispose of any of its assets to, or purchase any assets from, or enter into any contract, agreement, understanding,
loan, advance or guarantee with, or for the benefit of, any Affiliate involving aggregate value in excess of $40.0 million (an “Affiliate
Transaction”), unless:

(1)     
the terms of such Affiliate Transaction are not materially less favorable to the Parent Guarantor or such Restricted Subsidiary,
as the case may be, than those that

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could reasonably be expected to have been obtained in a comparable
transaction at the time of such transaction in arm’s-length dealings with a Person who is not such an Affiliate, or if in the good
faith judgment of the Parent Guarantor’s Board of Directors no comparable transaction is available with which to compare such Affiliate
Transaction, or are otherwise fair to the Parent Guarantor or such Restricted Subsidiary from a financial point of view; and

(2)     
the Parent Guarantor delivers to the Trustee, with respect to any Affiliate Transaction involving aggregate value in excess of
$75.0 million, an Officers’ Certificate certifying that such Affiliate Transaction complies with clause (1) above and which sets
forth and authenticates a resolution that has been adopted by the Independent Directors approving such Affiliate Transaction.

The foregoing restrictions shall not apply to:

(1)     
transactions to the extent between or among (a) the Parent Guarantor and one or more Restricted Subsidiaries or (b) Restricted
Subsidiaries;

(2)     
director, trustee, officer and employee compensation (including bonuses) and other benefits (including pursuant to any employment
agreement or any retirement, health, stock option or other benefit plan), payments or loans (or cancellation of loans) to employees of
the Parent Guarantor or its Restricted Subsidiaries and indemnification arrangements, in each case, as determined in good faith by the
Parent Guarantor’s Board of Directors or senior management;

(3)     
Permitted Investments (other than those made under clause (1) of such definition) or Restricted Payments which are made in accordance
with Section 1009;

(4)     
any agreement in effect on the Initial Issuance Date or as thereafter amended or replaced in any manner that, taken as a whole,
is not materially less advantageous to the Parent Guarantor or any of its Restricted Subsidiaries, as applicable, than such agreement
as it was in effect on the Initial Issuance Date;

(5)     
any transaction with a Person (other than an Unrestricted Subsidiary of the Parent Guarantor) which would constitute an Affiliate
of the Parent Guarantor solely because the Parent Guarantor or a Restricted Subsidiary owns an Equity Interest in or otherwise controls
such Person;

(6)     
transactions with customers, clients, suppliers, or purchasers or sellers of goods or services, in each case in the ordinary course
of business and otherwise in compliance with the terms of the Indenture; provided that in the reasonable determination of the senior
management of the Parent Guarantor, such transactions are on terms not materially less favorable to the Parent Guarantor or the relevant
Restricted Subsidiary than those that could reasonably be expected to be obtained in a comparable transaction at such time on an arm’s-length
basis from a Person that is not an Affiliate of the Parent Guarantor;

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(7)     
 the issuance or sale of any Qualified Equity Interests of the Parent Guarantor and the granting of registration and other customary
rights in connection therewith to, or the receipt of capital contributions from, Affiliates of the Parent Guarantor;

(8)     
pledging of Equity Interests of Unrestricted Subsidiaries;

(9)     
any transaction effected as part of a Permitted Factoring Transaction;

(10)    
any transaction where the only consideration paid by the Parent Guarantor or the relevant Restricted Subsidiary is Qualified Equity
Interests of the Parent Guarantor;

(11)    
non-exclusive licenses of patents, copyrights, trademarks, trade secrets and other intellectual property;

(12)    
transactions between the Parent Guarantor or any Restricted Subsidiary and any Person, a director of which is also a director of
the Parent Guarantor, and such director is the sole cause for such Person to be deemed an Affiliate of the Parent Guarantor or any Restricted
Subsidiary; provided, however, that such director shall abstain from voting as a director of the Parent Guarantor on any
matter involving such other Person; and

(13)    
agreements and transactions entered into or effected in connection with the payment of Related Taxes.

		Section 1014.	Additional Guarantees.

(a)     
If (i) at the time of delivering any report under Section 703(a)(1), any Restricted Subsidiary that does not constitute
a Guarantor is or becomes a Material Specified Subsidiary that is organized in a Specified Jurisdiction, (ii) with respect to any Restricted
Subsidiary that does not constitute a Guarantor and is organized in an Initial Specified Jurisdiction, reasonably requested by the Majority
Holders, or (iii) any Restricted Subsidiary guarantees or otherwise becomes an obligor in respect of Indebtedness or other obligations
under the LC Credit Agreement or any ABL Facility, or otherwise becomes an obligor in respect of any other third party Indebtedness for
borrowed money of a Note Party in an aggregate principal amount in excess of $20.0 million, the Parent Guarantor shall (A) (1) with respect
to any Guarantee provided pursuant to clause (i) or (ii) above, within 45 days or such later date as may be agreed by the Majority Holders,
or (2) with respect to any Guarantee provided pursuant to clause (iii), contemporaneously with the provision of such Guarantee, cause
such Restricted Subsidiary to (a) become a Guarantor by executing and delivering to the Trustee a supplemental indenture substantially
in the form of Annex B pursuant to which such Restricted Subsidiary shall become a Guarantor with respect to the Notes, upon the terms
and subject to the release provisions and other limitations in Article Fourteen, (b) deliver to the Collateral Agent such opinions (including
an opinion as to such Guarantor’s ability to guarantee the Indenture Obligations pursuant to such supplemental indenture and to
grant Liens to secure the Indenture Obligations), organizational and authorization documents, an Officers’ Certificate and such
certificates substantially in the form delivered to the agent under the LC Credit Agreement or the applicable representative

    	 	107	 

     

    

under such other third party indebtedness, and (c) deliver to the
Collateral Agent such other documents consistent with those documents delivered to the agent under the LC Credit Agreement or the applicable
representative under such third party indebtedness, and (B) cause such Restricted Subsidiary to comply with Section 1017(b) within the
applicable time periods prescribed therein (subject to the Applicable Collateral Limitations).

(b)     
At any time, at its option, and with the consent of the Applicable Agent (such consent
not to be unreasonably withheld or delayed), the Issuer may cause any Subsidiary of the Parent Guarantor to (i) become a Guarantor
by delivering to the Trustee and Collateral Agent a duly executed supplemental indenture (which the Trustee and Collateral Agent shall
countersign in accordance herewith) and (ii) deliver to the Trustee and Collateral Agent such opinions (including an opinion as to such
Guarantor’s ability to Guarantee the Obligations and, if applicable, to grant Liens to secure the Indenture Obligations), organizational
and authorization documents and certificates of the type delivered on the Initial Issuance Date or in connection with any applicable Collateral
Documents as may be reasonably requested by the Applicable Agent (any such Subsidiary, an “Added Guarantor”).  The
Parent Guarantor shall cause such Added Guarantor to comply with Section 1017(b) within the applicable time periods prescribed
therein (subject to the Applicable Collateral Limitations).

		Section 1015.	[Reserved].

		Section 1016.	Maintenance of Ratings.

Use commercially reasonable efforts to (i) obtain
a rating of the Notes (but not obtain a specific rating) from each Ratings Agency within 90 days after the Initial Issuance Date and (ii)
maintain a public corporate family rating of the Parent Guarantor and maintain the rating of the Notes obtained in accordance with the
immediately preceding clause (i) (but not maintain a specific rating), in each case from each Ratings Agency (it being understood and
agreed that “commercially reasonable efforts” shall in any event include the payment by the Parent Guarantor of customary
rating agency fees and cooperation with information and data requests by each Ratings Agency in connection with their ratings process).

		Section 1017.	Collateral; After-Acquired Property.

(a)     
Each of the Note Parties shall satisfy each requirement, including delivery of certificates and Opinions of Counsel as are
customary in each applicable jurisdiction, set forth on (i) Part I of Annex E on or before the applicable date set forth on such Part
I of Annex E and (ii) Part II of Annex E on or before the applicable date set forth on such Part II of Annex E (or, in the case of clause
(i) or clause (ii), such later date as the Majority Holders may agree).

(b)     
Promptly (but in any event within 45 days (or such later date as the Majority Holders may agree)) following the acquisition
by the Issuer or any Guarantor of any After-Acquired Property that has an individual fair market value (as determined in good faith by
the Issuer) in an amount greater than $10.0 million, or within 45 days (or such later date as the Majority Holders may agree) after any
Subsidiary becomes a Guarantor, the Issuer or such Guarantor shall, subject to the limitations set forth herein, including the remaining
clauses below, (i) provide a Lien over such After-Acquired Property consistent with the Liens granted over

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similar property in the applicable jurisdiction (or in the case
of any jurisdiction where no Liens were previously granted, to the extent customary and reasonably achievable under applicable local law)
(or, in the case of a new Guarantor, substantially all of its property (other than Excluded Assets) consistent with the Liens granted
over similar property in the applicable jurisdiction (or in the case of any jurisdiction where no Liens were previously granted, to the
extent customary and reasonably achievable under applicable local law)) in favor of the Collateral Agent, (ii) execute and deliver such
mortgages, deeds of trust, security instruments, financing statements and certificates as shall be necessary to vest in the Collateral
Agent a perfected (or any analogous concept to the extent perfection does not apply in the relevant jurisdiction) security interest, subject
only to Liens permitted by Section 1010 hereof, in such After-Acquired Property or in the Collateral of such Guarantor and to have such
After-Acquired Property or such Collateral (but subject to the limitations set forth in the Collateral Documents) added to the Collateral,
and thereupon all provisions of this Indenture relating to the Collateral shall be deemed to relate to such After-Acquired Property or
Collateral to the same extent and with the same force and effect, and (iii) deliver certificates and Opinions of Counsel consistent with
the ones delivered in the applicable jurisdiction in connection with other Collateral Documents or in the case of any jurisdiction where
no Liens were previously granted, such certificates and Opinions of Counsel as are customary in such jurisdiction.

(c)     
Notwithstanding the foregoing, (i) no Mortgages shall be required with respect to any real property other than Material
Real Property, (ii) the applicable time periods set forth in clauses (a) and (b) above shall be deemed to be 120 days (or such later date
as the Majority Holders may agree) with respect to Material Real Property (or, in the case of “Initial Issuance Date Real Property”
referred to in Annex E, the applicable time period therefor set forth in Annex E), and (iii) the Majority Holders may waive the Mortgage
requirement contained in this Section 1017 with respect to any parcel of Material Real Property if, as a result of flood, environmental
or other due diligence conducted with respect to such Material Real Property, the Majority Holders determine that the cost of, or risk
associated with, obtaining a Mortgage with respect to such Material Real Property is excessive in relation to the benefit of the security
to be afforded thereby.

(d)     
Notwithstanding anything in this Indenture or the Collateral Documents to the contrary, (i) the Issuer and the Guarantors
will not be required to grant, perfect or take any action to grant or perfect a security interest in any asset if such asset does not
constitute “Collateral” (or an equivalent term) under the LC Credit Agreement or the security documents related thereto or
where the Issuer and the Guarantors are not required to take such actions under the LC Credit Agreement or the security documents related
thereto and (ii) the Issuer and the Guarantors will not be required to grant, perfect or take any action to grant or perfect a security
interest prior to the time at which such action is required to be taken under the LC Credit Agreement or the security documents related
thereto.

(e)     
Any Collateral Document may provide that the amount recoverable in respect of the Collateral provided by the Guarantors
will be limited as necessary to (1) prevent such Collateral from being in breach of any applicable law, (2) avoid any general legal limitations
such as general statutory limitations, financial assistance, corporate benefit, “thin capitalization” rules, retention of
title claims or similar matters or (3) avoid a conflict with the fiduciary duties of such company’s officers or directors, contravention
of any legal prohibition or regulatory

    	 	109	 

     

    

condition, or the material risk of personal or criminal liability
for any officers or directors, in each case as determined by the Issuer in its sole discretion.

(f)     
Notwithstanding anything to the contrary in this Indenture or any Collateral Document, WOFS Assurance’s liability
shall be limited or extinguished, as applicable, to the extent necessary to ensure that WOFS Assurance, at all times, meets its minimum
solvency margin and liquidity ratio pursuant to the Insurance Act 1978 of Bermuda (the “Insurance Act”) and remains
in compliance with sections 31A through 31C of the Insurance Act.

(g)     
Notwithstanding anything to the contrary in this Indenture or any Collateral Document, the Note Parties shall not be required
to take any actions to grant or perfect the security interests of the Collateral Agent (a) in any Collateral, including with respect to
Equity Interests, in any jurisdiction other than a Specified Jurisdiction (in each case, other than Specified Deposit Accounts), or (b) in
any Equity Interest in any Foreign Subsidiary, joint venture or non-Wholly-Owned Subsidiary that is a Subsidiary of a Note Party that,
in each case, is not organized in a Specified Jurisdiction; provided that, if such Note Party has already granted a security interest
in such assets under the laws of any Specified Filing Jurisdiction, this clause (b) shall not apply to the perfection of such security
interest by filing a financing statement or similar notice filing in that Specified Filing Jurisdiction.

The limitations set forth in clauses (c) - (g)
above are referred to as the “Applicable Collateral Limitations.”

		Section 1018.	No Impairment of the Security Interests.

Except as otherwise permitted under this Indenture
(including, for the avoidance of doubt, pursuant to a transaction otherwise permitted by this Indenture) and the Collateral Documents,
none of the Issuer nor any of the Guarantors shall be permitted to take any action, or knowingly omit to take any action, which action
or omission would have the result of materially impairing the security interest with respect to the Collateral for the benefit of the
Trustee, the Collateral Agent and the Holders of the Notes.

		Section 1019.	Swiss Use of Proceeds.

The Issuer intends that the proceeds of the
Notes are used in a manner that would not trigger the application of Circular Nr. 6746 dated 29 June 1993 issued by the Swiss Banker's
Association, taking into account the practice of the Swiss Federal Tax Administration (including notification 010-DVS-2019-d dated 5 February
2019).

Article
Eleven

REDEMPTION OF NOTES

		Section 1101.	Applicability of Article.

The Notes shall be redeemable at the election
of the Issuer in accordance with their terms and in accordance with this Article.

		Section 1102.	Election to Redeem; Notice to Trustee.

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In case of any redemption of less than all Notes,
the Issuer shall, at least 5 Business Days prior to the last date a notice of redemption may be provided to Holders under Section 1105
(unless a shorter notice shall be satisfactory to the Trustee), notify the Trustee of such Redemption Date and of the principal amount
of Notes to be redeemed. In the case of any redemption of Notes prior to the expiration of any restriction on such redemption provided
in the terms of such Notes or elsewhere in the Indenture, the Issuer shall furnish the Trustee, prior to giving notice of such redemption,
with an Officers’ Certificate evidencing compliance with such restriction.

		Section 1103.	Optional Redemption.

(a)     
Except as set forth in clauses (b), (c), (d) and (e) of this Section 1103, the Issuer shall not have the option to redeem
the Notes pursuant to this Section 1103 prior to September 15, 2024. On or after September 15, 2024, on any one or more occasions,
the Issuer shall have the option to redeem the Notes, in whole or in part at any time, at the redemption prices (expressed as percentages
of principal amount of the Notes redeemed) set forth below, plus accrued and unpaid interest on the Notes redeemed to, but excluding,
the applicable redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on an interest
payment date that is on or prior to the redemption date), if redeemed during the twelve-month period beginning on September 15 of the
years indicated below:

	YEAR	PERCENTAGE
	2024	103.250%
	2025	101.625%
	2026 and thereafter	100.000%

 

(b)     
Notwithstanding the foregoing clause (a), at any time and from time to time prior to September 15, 2024, the Issuer may redeem
in the aggregate up to 35% of the original aggregate principal amount of the Notes (calculated after giving effect to any issuance of
Additional Notes) in an amount not to exceed the amount of net cash proceeds of one or more Equity Offerings, at a redemption price (expressed
as a percentage of principal amount thereof) of 106.500%, plus accrued and unpaid interest, if any, to, but excluding, the applicable
redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on an interest payment
date that is on or prior to the redemption date); provided, however, that at least 50.0% of the original aggregate principal amount of
the Notes (calculated after giving effect to any issuance of Additional Notes) must remain outstanding after each such redemption; provided,
further, that such redemption shall occur within 180 days after the date on which any such Equity Offering is consummated upon not less
than 10 nor more than 60 days’ notice mailed by the Issuer to each Holder of Notes being redeemed, or delivered electronically if
held by DTC, and in accordance with the procedures set forth in this Indenture.

(c)     
Notwithstanding the foregoing clause (a), during each twelve (12) month period commencing on the Initial Issuance Date and ending
on September 15, 2024, but only if at each such time the Issuer shall have either redeemed or otherwise refinanced all the Unsecured Notes

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with Refinancing Indebtedness permitted hereunder, the Issuer may
on one or more occasions redeem in the aggregate up to 10% of the original aggregate principal amount of the Notes (calculated after giving
effect to any issuance of Additional Notes) at a redemption price (expressed as a percentage of principal amount thereof) of 103.000%,
plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date (subject to the right of Holders of record
on the relevant record date to receive interest due on an interest payment date that is on or prior to the redemption date); provided,
however, that such redemption shall occur upon not less than 10 nor more than 60 days’ notice mailed by the Issuer to each Holder
of Notes being redeemed, or delivered electronically if held by DTC, and in accordance with the procedures set forth in this Indenture.

(d)     
Prior to September 15, 2024, the Issuer may redeem on one or more occasions all or part of the Notes at a redemption price equal
to the sum of:

(i)     
the principal amount thereof, plus

(ii)     the Make Whole Premium at the redemption date, plus

(iii)    accrued and unpaid interest, if any, to, but excluding,
the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on an interest payment
date that is on or prior to the redemption date).

(e)     
The Notes may be redeemed, as a whole, following certain Change of Control Offers pursuant to Section 1007, at the Redemption
Price and subject to the conditions set forth in such Section.

(f)     
If a Redemption Date is after a record date and on or before the next Interest Payment Date, then (i) the Holder of a Note at the
close of business on such record date will be entitled, notwithstanding such redemption, to receive, on such Redemption Date, the unpaid
interest that would have accrued on such Note to such Redemption Date and (ii) the Redemption Price will not include accrued and unpaid
interest on such Note to such Redemption Date.

(g)     
Notes called for redemption must be delivered to the Paying Agent (in the case of certificated Notes) or the Depositary’s
procedures must be complied with (in the case of Global Notes) for the Holder of those Notes to be entitled to receive the Redemption
Price.

(h)     
Notwithstanding anything to the contrary in this Section 1103, the Issuer may not redeem any Notes if the principal amount
of the Notes has been accelerated and such acceleration has not been rescinded on or before the Redemption Date (including as a result
of the payment of the related Redemption Price and any related interest on the Redemption Date).

		Section 1104.	Selection by Trustee of Notes to Be Redeemed.

In the event that less than all of the Notes
are to be redeemed at any time pursuant to an optional redemption, the Trustee will select the Notes for redemption in compliance with
the requirements of the principal national securities exchange, if any, on which the Notes are listed or, if the Notes are not then listed
on a national security exchange, on a pro rata basis, by lot or by such method as the Trustee in its sole discretion shall deem fair and
appropriate (except that

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any Notes represented by a Global Note will be redeemed by such
method as the Depositary may require); provided, however, that no Notes of a principal amount of $2,000 in original principal amount or
less shall be redeemed in part.

For all purposes of the Indenture, unless the
context otherwise requires, all provisions relating to the redemption of Notes shall relate, in the case of any Notes redeemed or to be
redeemed only in part, to the portion of the principal amount of such Notes which has been or is to be redeemed.

		Section 1105.	Notice of Redemption.

Notice of redemption shall be given by first-class
mail, postage prepaid, mailed (or, in the case of any notice to the Holder of a Global Note, sent electronically in accordance with the
Depositary’s procedures) not less than 10 nor more than 60 days prior to the Redemption Date, to each Holder of Notes to be redeemed,
at its address appearing in the Security Register, except that redemption notices may be sent more than 60 days prior to a Redemption
Date if the notice is issued in connection with a Legal Defeasance or Covenant Defeasance of the Notes or a satisfaction and discharge
of the Indenture pursuant to Article Four.

All notices of redemption shall state:

(a)     
the Redemption Date,

(b)     
the Redemption Price, if then determined and otherwise the manner of calculation thereof,

(c)     
if less than all the Outstanding Notes are to be redeemed, the identification (and, in the case of partial redemption of
any such Notes, the principal amounts) of the particular Notes to be redeemed,

(d)     
that on the Redemption Date the Redemption Price will become due and payable upon each such Note redeemed and that interest
thereon will cease to accrue on and after said date,

(e)     
the place or places where each such Note is to be surrendered for payment of the Redemption Price,

(f)     
the CUSIP/ISIN numbers of the Notes,

(g)     
if the redemption is subject to the satisfaction of one or more conditions precedent, the notice thereof shall describe
each such condition and, if applicable, shall state that, in the Issuer’s discretion, the Redemption Date may be delayed until such
time as any or all such conditions shall be satisfied (or waived by the Issuer in its sole discretion), and/or such redemption may not
occur and such notice may be rescinded in the event that any or all such conditions shall not have been satisfied (or waived by the Issuer
in its sole discretion) by the Redemption Date, or by the Redemption Date as so delayed, and/or that such notice may be rescinded at any
time by the Issuer if the Issuer determines in its sole discretion that any or all of such conditions will not be satisfied (or waived);
and

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(h)     
 that, at the Issuer’s option, that the payment of the Redemption Price and performance of the Issuer’s obligations
with respect to such redemption may be performed by another Person.

Notice of redemption of Notes to be redeemed
at the election of the Issuer shall be given by the Issuer or, at the Issuer’s request, by the Trustee in the name and at the expense
of the Issuer and shall be irrevocable, but may be conditioned as set forth herein, provided that the Issuer shall have delivered
to the Trustee, at least two Business Days, in the case of Global Notes or five Business Days, in the case of Definitive Notes, before
notice of redemption is required to be delivered electronically, mailed or caused to be mailed to Holders pursuant to this Section 1105
(unless a shorter period shall be agreed to by the Trustee), an Officers’ Certificate requesting that the Trustee give such notice
and setting forth the information to be stated in such notice as provided in the preceding paragraph. Unless the Issuer defaults in the
payment of the Redemption Price, interest will cease to accrue on the Notes or portion thereof called for redemption on the applicable
Redemption Date. Notice of any redemption upon any corporate transaction or other event (including any offering of Equity Interests, incurrence
of Indebtedness, Change of Control or other transaction) may be given prior to the completion thereof. In addition, any redemption or
notice thereof may, at the Issuer’s discretion, be subject to one or more conditions precedent, including, but not limited to, completion
of a corporate transaction or other event. For the avoidance of doubt, if any Redemption Date shall be delayed as contemplated by this
Section 1105 and the terms of the applicable notice of redemption, such Redemption Date as so delayed may occur at any time after the
original Redemption Date set forth in the applicable notice of redemption and after the satisfaction (or waiver) of any applicable conditions
precedent, including, without limitation, on a date that is less than 10 days after the original Redemption Date or more than 60 days
after the date of the applicable notice of redemption. To the extent that the Redemption Date will occur on a date other than the original
Redemption Date set forth in the applicable notice of redemption, the Issuer shall notify the Holders and the Trustee of the final Redemption
Date prior to such date; provided that the failure to give such notice, or any defect therein, shall not impair or affect the validity
of any redemption under this Article Eleven.

		Section 1106.	Deposit of Redemption Price.

Prior to 11:00 a.m., New York City time, on
any Redemption Date, the Issuer shall deposit with the Trustee or with a Paying Agent (or, if the Issuer or a Subsidiary is acting as
its own Paying Agent, segregate and hold in trust as provided in Section 1003) an amount of money sufficient to pay the Redemption Price
of, and (except if the Redemption Date shall be an Interest Payment Date) accrued interest on, all the Notes which are to be redeemed
on that date.

		Section 1107.	Notes Payable on Redemption Date.

Notice of redemption having been given as aforesaid,
the Notes so to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified, and from
and after such date (unless the Issuer shall default in the payment of the Redemption Price and accrued interest) such Notes shall cease
to bear interest. Upon surrender of any such Notes for redemption in accordance with said notice, such Notes shall be paid by the Issuer
at the

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Redemption Price, together with accrued interest to the Redemption
Date, except as provided in Section 1103(f).

If any Note called for redemption shall not
be so paid upon surrender thereof for redemption, the principal and any premium shall, until paid, bear interest from the Redemption Date
at the rate prescribed therefor in the Note.

		Section 1108.	Notes Redeemed in Part.

Any Note which is to be redeemed only in part
shall be surrendered at a Place of Payment therefor (with, if the Issuer or the Trustee so requires, due endorsement by, or a written
instrument of transfer in form satisfactory to the Issuer and the Trustee duly executed by, the Holder thereof or its attorney duly authorized
in writing), and the Issuer shall execute and the Trustee shall authenticate and deliver to the Holder of such Note without service charge,
a new Note or Notes of like tenor, and of any authorized denomination as requested by such Holder, in aggregate principal amount equal
to and in exchange for the unredeemed portion of the principal of the Note so surrendered.

Article
Twelve

SINKING FUND; OTHER ACQUISITIONS OF NOTES

		Section 1201.	Mandatory Redemption, Etc.

The Issuer will not be required to make mandatory
redemption or sinking fund payments with respect to the Notes. The Issuer may purchase Notes in the market from time to time in its discretion.

The Issuer may acquire Notes by means other
than a redemption, whether pursuant to a tender offer, public or private exchange offer, open market purchase, negotiated transaction
or otherwise, in accordance with applicable securities laws.

Article
Thirteen

LEGAL DEFEASANCE AND COVENANT DEFEASANCE

		Section 1301.	Issuer’s Option to Effect Legal Defeasance or Covenant Defeasance.

The Issuer may elect, at its option at any time,
to have Section 1302 or Section 1303 applied to the Notes, upon compliance with the conditions set forth below in this Article. Any such
election shall be evidenced in or pursuant to a Board Resolution delivered to the Trustee.

		Section 1302.	Defeasance and Discharge.

Upon the Issuer’s exercise of its option
to have this Section applied to the Notes, the Issuer and the Guarantors shall be deemed to have been discharged from their respective
obligations hereunder as provided in this Section on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter
called “Legal Defeasance”). For this purpose, such Legal Defeasance means that the Issuer and the Guarantors shall be deemed
to have paid and discharged the entire indebtedness represented by the Notes and the Guarantees and to have

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satisfied all their other respective obligations under the Indenture
(and the Trustee, upon Issuer Request and at the expense of the Issuer, shall execute such instruments reasonably requested by the Issuer
acknowledging the same), and the Indenture shall cease to be of further effect as to all Outstanding Notes and all Guarantees, except
as to the following, which shall survive until otherwise terminated or discharged hereunder: (1) the rights of Holders of the Notes to
receive, solely from the trust fund described in Section 1304 and as more fully set forth in such Section, payments in respect of the
principal of, and interest and premium, if any, on, the Notes when payments are due; (2) the Issuer’s obligations under Sections
304, 305, 306, 1002, 1003 and 1004(a); (3) the rights, powers, trusts, duties and immunities of the Trustee and the Collateral Agent hereunder
and the obligations of the Issuer and the Guarantors in connection therewith; and (4) this Article. If the Issuer exercises its defeasance
option pursuant to this Section 1302, the payment of the defeased Notes may not be accelerated pursuant to Section 502 because of
an Event of Default. Subject to compliance with this Article, the Issuer may exercise its option (if any) to have this Section applied
to the Notes notwithstanding the prior exercise of its option (if any) to have Section 1303 applied to the Notes.

		Section 1303.	Covenant Defeasance.

Upon the Issuer’s exercise of its option
to have this Section applied to the Notes, (1) the Issuer shall be released from its obligations under Section 801(3) and Sections 1006
through 1019, inclusive; (2) the occurrence of any event specified in Sections 501(3) (with respect only to the obligation under Section
801(3)), 501(4), 501(5), 501(6), 501(7) (with respect only to Significant Subsidiaries) or 501(8) (with respect only to Significant Subsidiaries),
501(9) and 501(10) shall be deemed not to be or to result in a Default or an Event of Default, and (3) the Guarantees shall be automatically
released, in each case as provided in this Section on and after the date the conditions set forth in Section 1304 are satisfied (hereinafter
called “Covenant Defeasance”). For this purpose, such Covenant Defeasance means that the Issuer may omit to comply with and
shall have no liability in respect of any term, condition or limitation set forth in any such specified Section, whether directly or indirectly
by reason of any reference elsewhere herein to any such Section or Article or by reason of any reference in any such Section or Article
to any other provision herein or in any other document, and any such omission will not constitute a Default or an Event of Default.

		Section 1304.	Conditions to Legal Defeasance or Covenant Defeasance.

The following shall be the conditions to the
application of Section 1302 or 1303:

(1)     
the Issuer must irrevocably deposit with the Trustee, as trust funds, in trust solely for the benefit of the Holders, Dollars,
U.S. Government Obligations or a combination thereof, in such amounts as will be sufficient (without consideration of any reinvestment
of interest) in the opinion of a nationally recognized investment bank, appraisal firm or firm of independent public accountants selected
by the Issuer and delivered to the Trustee, to pay the principal of and interest and premium, if any, on the Outstanding Notes on the
stated date for payment thereof or on the applicable Redemption Date, as the case may be,

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(2)     
 in the case of Legal Defeasance, the Issuer shall have delivered to the Trustee an Opinion of Counsel in the United States confirming
that:

(a)     
the Issuer has received from, or there has been published by the Internal Revenue Service, a ruling; or

(b)     
since the date of the Indenture, there has been a change in the applicable U.S. federal income tax law

in either case to the effect that, and based thereon such Opinion
of Counsel shall confirm that, the Holders of the Outstanding Notes will not recognize income, gain or loss for U.S. federal income tax
purposes as a result of the Legal Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and
at the same times as would have been the case if such Legal Defeasance had not occurred,

(3)     
in the case of Covenant Defeasance, the Issuer shall have delivered to the Trustee an Opinion of Counsel in the United States confirming
that the Holders of the Outstanding Notes will not recognize income, gain or loss for U.S. federal income tax purposes as a result of
the Covenant Defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as
would have been the case if the Covenant Defeasance had not occurred,

(4)     
no Default shall have occurred and be continuing on the date of such deposit (other than a Default resulting from the borrowing
of funds to be applied to such deposit and the grant of any Lien securing such borrowings),

(5)     
the Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under any other
material agreement or instrument (other than the Indenture and the agreements governing any other Indebtedness being defeased, discharged
or replaced) to which the Parent Guarantor or any of its Subsidiaries is a party or by which the Parent Guarantor or any of its Subsidiaries
is bound,

(6)     
the Issuer shall have delivered to the Trustee an Officers’ Certificate stating that the deposit was not made by it with
the intent of preferring the Holders over any other of its creditors or with the intent of defeating, hindering, delaying or defrauding
any other of its creditors or others, and

(7)     
the Issuer shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel stating that the conditions
precedent provided for in clauses (1) through (6) have been complied with.

		Section 1305.	Deposited Money and U.S. Government Obligations to Be Held in Trust; Miscellaneous Provisions.

Subject to the provisions of the last paragraph
of Section 1003, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee pursuant to Section
1304 in respect of any Notes shall be held in trust and applied by the Trustee, in

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accordance with the provisions of such Notes and the Indenture,
to the payment, either directly or through any such Paying Agent (including the Issuer acting as its own Paying Agent) as the Trustee
may determine, to the Holders of such Notes, of all sums due and to become due thereon in respect of principal and any premium and interest,
but money so held in trust need not be segregated from other funds except to the extent required by law.

The Issuer shall pay and indemnify the Trustee
against any tax, fee or other charge imposed on or assessed against the U.S. Government Obligations deposited pursuant to Section 1304
or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account
of the Holders of Outstanding Notes.

Anything in this Article to the contrary notwithstanding,
the Trustee shall deliver or pay to the Issuer from time to time upon Issuer Request any money or U.S. Government Obligations held by
it as provided in Section 1304 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a
written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited
to effect Legal Defeasance or Covenant Defeasance, as the case may be.

		Section 1306.	Reinstatement.

If the Trustee or any Paying Agent is unable
to apply any money in accordance with this Article with respect to any Notes by reason of any order or judgment of any court or governmental
authority enjoining, restraining or otherwise prohibiting such application, then the obligations under the Indenture and the Notes from
which the Issuer has been discharged or released pursuant to Section 1302 or 1303 shall be revived and reinstated as though no deposit
had occurred pursuant to this Article, until such time as the Trustee or Paying Agent is permitted to apply all money held in trust pursuant
to Section 1305 in accordance with this Article; provided, however, that if the Issuer makes any payment of principal of
or any premium or interest on any Note following such reinstatement of its obligations, the Issuer shall be subrogated to the rights (if
any) of the Holders to receive such payment from the money so held in trust.

Article
Fourteen

GUARANTEES

		Section 1401.	Unconditional Guarantee.

(a)     
For value received, each of the Guarantors hereby fully, irrevocably, unconditionally and absolutely guarantees to the Holders,
the Trustee and the Collateral Agent the due and punctual payment of the principal of, and premium, if any, and interest on the Notes
and all other amounts due and payable under the Indenture, the Notes and the Notes Documents by the Issuer and the Guarantors (including
amounts incurred in enforcing this Guarantee) (collectively, the “Indenture Obligations”), but in the case of any Guarantor
incorporated under the laws of Switzerland (a “Swiss Guarantor”) up to a maximum total amount of 120% of the aggregate
amount of the Notes, when and as such principal, premium, if any, and interest shall become due and payable, whether at the Stated Maturity
or by declaration of acceleration, call for redemption or otherwise, according to the terms of the Notes and the Indenture, subject to
the

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limitations set forth in Section 1403; provided, however, that notwithstanding
anything to the contrary herein, the liability of WOFS Assurance with respect to the Indenture Obligations shall be limited or extinguished,
as applicable, to the extent necessary to ensure that WOFS Assurance, at all times, meets its minimum solvency margin and liquidity ratio
pursuant to the Insurance Act and sections 31A through 31C of the Insurance Act. Without limiting the generality of the foregoing, the
Guarantors’ liability shall extend to all amounts that constitute part of the Indenture Obligations and would be owed by the Issuer
to the Trustee, the Collateral Agent or the Holders under the Indenture and the Notes but for the fact that they are unenforceable, reduced,
limited, impaired, suspended or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving the
Issuer.

(b)     
Failing payment when due of any amount guaranteed pursuant to its Guarantee, for whatever reason, each of the Guarantors
will be jointly and severally (in Spanish, en forma solidaria) obligated (to the fullest extent permitted by law) to pay the same
immediately to the Trustee, without set-off or counterclaim or other reduction whatsoever (whether for taxes, withholding or otherwise),
except as set out in Section 1410 below for a Swiss Guarantor. For the avoidance of doubt, the mechanics of Section 1410(e) to (h) below
shall apply exclusively in case of Swiss tax deduction (including withholding) relating to a Swiss Guarantor. Each Guarantee hereunder
is intended to be a senior secured obligation of the applicable Guarantor and will rank pari passu in right of payment with all debt of
such Guarantor that is not, by its terms, expressly subordinated in right of payment to such Guarantee. Each of the Guarantors hereby
agrees that (to the fullest extent permitted by law) its obligations hereunder shall be full, irrevocable, unconditional and absolute,
irrespective of the validity, regularity or enforceability of the Notes, the Guarantee of any other Guarantor or the Indenture, the absence
of any action to enforce the same, any waiver or consent by any Holder of the Notes with respect to any provisions hereof or thereof,
the recovery of any judgment against the Issuer or any other Guarantor, or any action to enforce the same or any other circumstances which
might otherwise constitute a legal or equitable discharge or defense of such Guarantor. Each of the Guarantors hereby agrees that in the
event of a default in payment of the principal of, or premium, if any, or interest on the Notes, whether at the Stated Maturity or by
declaration of acceleration, call for redemption or otherwise, legal proceedings may be instituted by the Trustee on behalf of the Holders
or, subject to Section 507, by the Holders, on the terms and conditions set forth in the Indenture, directly against such Guarantor
to enforce its Guarantee without first proceeding against the Issuer or any other Guarantor.

(c)     
To the fullest extent permitted by applicable law, the obligations of each of the Guarantors under this Article shall be
as aforesaid full, irrevocable, unconditional and absolute and shall not be impaired, modified, released or limited by any occurrence
or condition whatsoever, including, without limitation, (A) any compromise, settlement, release, waiver, renewal, extension, indulgence
or modification of, or any change in, any of the obligations and liabilities of the Issuer or any of the other Guarantors contained in
the Notes or the Indenture, (B) any impairment, modification, release or limitation of the liability of the Issuer, any of the other Guarantors
or any of their estates in bankruptcy, or any remedy for the enforcement thereof, resulting from the operation of any present or future
provision of any applicable Bankruptcy Law, or other statute or from the decision of any court, (C) the assertion or exercise by the Trustee,
the Collateral Agent or any Holder of any rights or remedies under the Notes or the Indenture or their delay in or failure to assert or
exercise any such rights or remedies, (D) the

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assignment or the purported assignment of any property as security
for the Notes, including all or any part of the rights of the Issuer or any of the Guarantors under the Indenture, (E) the extension of
the time for payment by the Issuer or any of the Guarantors of any payments or other sums or any part thereof owing or payable under any
of the terms and provisions of the Notes or the Indenture or of the time for performance by the Issuer or any of the Guarantors of any
other obligations under or arising out of any such terms and provisions or the extension or the renewal of any thereof, (F) the modification
or amendment (whether material or otherwise) of any duty, agreement or obligation of the Issuer or any of the Guarantors set forth in
the Indenture, (G) the voluntary or involuntary liquidation, dissolution, sale or other disposition of all or substantially all of the
assets, marshaling of assets and liabilities, receivership, insolvency, bankruptcy, examinership, assignment for the benefit of creditors,
reorganization, arrangement, composition or readjustment of, or other similar proceeding affecting, the Issuer or any of the Guarantors
or any of their respective assets, or the disaffirmance of any of the Notes, the Guarantees or the Indenture in any such proceeding, (H)
the release or discharge of the Issuer or any of the Guarantors from the performance or observance of any agreement, covenant, term or
condition contained in any of such instruments by operation of law, (I) the unenforceability or invalidity of the Notes, the Guarantees
or the Indenture, (J) any incapacity or lack of power, authority or legal personality of or change in the corporate, partnership, limited
liability company or other existence, structure or ownership of the Issuer or any Guarantor or (K) any other circumstances (other than
payment in full or discharge of all amounts guaranteed pursuant to the Guarantees) which might otherwise constitute a legal or equitable
discharge of a surety or guarantor.

(d)     
To the fullest extent permitted by applicable law, each of the Guarantors hereby (A) waives diligence, presentment, demand
of payment, the benefit of excussion (in Spanish, beneficio de excusión), the benefit of order (in Spanish, beneficio
de órden), notice of acceptance, filing of claims with a court in the event of the merger, insolvency or bankruptcy of the
Issuer or any of the Guarantors, and all demands and notices whatsoever, (B) acknowledges that any agreement, instrument or document evidencing
its Guarantee may be transferred and that the benefit of its obligations hereunder shall extend to each holder of any agreement, instrument
or document evidencing the Guarantee without notice to it and (C) covenants that its Guarantee will not be discharged except by complete
performance of the Guarantee. To the fullest extent permitted by applicable law, each of the Guarantors further agrees that if at any
time all or any part of any payment theretofore applied by any Person to its Guarantee is, or must be, rescinded or returned for any reason
whatsoever, including without limitation, the insolvency, bankruptcy or reorganization of the Issuer or any of the Guarantors, such Guarantee
shall, to the extent that such payment is or must be rescinded or returned, be deemed to have continued in existence notwithstanding such
application, and the Guarantee shall continue to be effective or be reinstated, as the case may be, as though such application had not
been made.

(e)     
Each of the Guarantors shall be subrogated to all rights of Holders, the Trustee and the Collateral Agent against the Issuer
in respect of any amounts paid by such Guarantor pursuant to the provisions of the Indenture, provided, however, that such
Guarantor, shall not be entitled to enforce or to receive any payments arising out of, or based upon, such right of subrogation until
all of the Notes and the Guarantees shall have been paid in full or discharged.

(f)     
To the fullest extent permitted by applicable law, no failure to exercise and no delay in exercising, on the part of the
Trustee, the Collateral Agent or the Holders, any right,

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power, privilege or remedy under this Article Fourteen and the Guarantees
shall operate as a waiver thereof, nor shall any single or partial exercise of any rights, power, privilege or remedy preclude any other
or further exercise thereof, or the exercise of any other rights, powers, privileges or remedies. The rights and remedies herein provided
for are cumulative and not exclusive of any rights or remedies provided in law or equity. Nothing contained in this Article Fourteen shall
limit the right of the Trustee, the Collateral Agent or the Holders to take any action to accelerate the maturity of the Notes pursuant
to Article Five or to pursue any other rights or remedies hereunder or under applicable law.

		Section 1402.	Subsidiary Guarantee Evidenced by Indenture.

The Guarantee of any Guarantor shall be evidenced
solely by its execution and delivery of the Indenture (or, in the case of any Guarantor that is not party to the Indenture on the Initial
Issuance Date, a supplemental indenture hereto) and not by an endorsement on, or attachment to, any Note or any guarantee or notation
thereof.

Each Guarantor hereby agrees that its Guarantee
set forth in Section 1401 hereof will remain in full force and effect notwithstanding any failure to endorse on each Note a notation of
such Guarantee.

The delivery of any Note by the Trustee, after
the authentication thereof hereunder, will constitute due delivery of the Guarantee set forth in the Indenture on behalf of the Guarantors.

In the event that the Issuer, the Parent Guarantor
or any of their respective Restricted Subsidiaries creates or acquires any Restricted Subsidiary after the Initial Issuance Date, if required
by Section 1014(a) hereof, the Issuer or the Parent Guarantor, as applicable, will cause such Restricted Subsidiary to comply with the
provisions of Section 1014(a) hereof and this Article Fourteen, to the extent applicable.

		Section 1403.	Limitation on Guarantors’ Liability.

Each Guarantor and by its acceptance hereof
each Holder of a Note entitled to the benefits of the Guarantees hereby confirm that it is the intention of all such parties that the
guarantee by such Guarantor pursuant to its Guarantee not constitute a fraudulent conveyance, fraudulent preference or fraudulent transfer
or otherwise reviewable transaction under applicable law. To effectuate the foregoing intention, each of the Holders of a Note entitled
to the benefits of the Guarantees and the Guarantors hereby irrevocably agree that the obligations of each Guarantor under its Guarantee
shall be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor (including,
without limitation, any guarantees under the LC Credit Agreement or the Unsecured Notes Indenture) and after giving effect to any collections
from or payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee,
result in the obligations of such Guarantor under its Guarantee not constituting a fraudulent conveyance, fraudulent preference or fraudulent
transfer or otherwise reviewable transaction under applicable law.

		Section 1404.	Release of Guarantors from Guarantees.

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(a)     
 Notwithstanding any other provisions of the Indenture, the Guarantee of any Guarantor shall be released upon the terms
and subject to the conditions set forth in this Section 1404. A Guarantor shall be released automatically from its obligations under its
Guarantee and its other obligations under the Indenture upon:

(i)     
 

(A)     
in the case of a Subsidiary Guarantor, any disposition of such Subsidiary Guarantor’s properties and assets as, or
substantially as, an entirety (whether by consolidation, amalgamation, merger, conveyance, transfer or otherwise) to a Person that is
not (either before or after giving effect to such transaction) the Parent Guarantor or a Restricted Subsidiary;

(B)     
in the case of a Subsidiary Guarantor, any disposition (whether by consolidation, amalgamation, merger, conveyance, transfer
or otherwise) of the Equity Interests of such Subsidiary Guarantor after which the Subsidiary Guarantor is no longer a Restricted Subsidiary,
including any consolidation, amalgamation or merger of a Subsidiary Guarantor with and into, or any conveyance or transfer of all or substantially
all of the assets of a Subsidiary Guarantor to, another Subsidiary Guarantor; provided that the Guarantee of such other Subsidiary
Guarantor that survives such consolidation, amalgamation or merger, or to which all or substantially all of the assets are conveyed or
transferred, shall not be released;

(C)     
in the case of a Subsidiary Guarantor, the proper designation of such Subsidiary Guarantor as an Unrestricted Subsidiary;

(D)     
in the case of a Subsidiary Guarantor, provided that no Event of Default has occurred and is continuing, all Debt
which required such Subsidiary Guarantor to guarantee the Notes pursuant to Section 1014(a) is no longer outstanding;

(E)     
Legal Defeasance or Covenant Defeasance or satisfaction and discharge of the Indenture as provided in Article Four; or

(F)     
liquidation and dissolution of such Guarantor, provided no Default or Event of Default has occurred that is continuing;
and

(ii)    
the Issuer delivering to the Trustee an Officers’ Certificate and an Opinion of Counsel (provided that, in
the case of the release of any Guarantor, that, together with its own consolidated Restricted Subsidiaries, has total assets of less than
$50 million as certified to the Trustee in an Officers’ Certificate, such opinion may be provided by an employee of the Issuer,
a Guarantor or a Restricted Subsidiary, and need not be provided by an attorney admitted to practice in New York and may assume that the
applicable law (including New York law) in respect of such opinion is identical to Texas law (or the law of any other jurisdiction in
which such employee is admitted to practice law)) stating that all conditions precedent provided for in this Section 1404 relating to
the release of such Guarantor’s Guarantee and its other obligations under the Indenture have been complied

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with. The Trustee shall not be liable for any such release
undertaken in reliance upon any such Officers’ Certificate or Opinion of Counsel.

(b)     
The Trustee shall deliver such instruments evidencing any release of a Guarantor from its Guarantee reasonably requested
by the Issuer upon receipt of an Issuer Request accompanied by an Officers’ Certificate and an Opinion of Counsel (provided
that, in the case of the release of any Guarantor that, together with its own consolidated Restricted Subsidiaries, has total assets of
less than $50 million as certified to the Trustee in an Officers’ Certificate, such opinion may be provided by an employee of the
Issuer, a Guarantor or a Restricted Subsidiary, and need not be provided by an attorney admitted to practice in New York and may assume
that the applicable law (including New York law) in respect of such opinion is identical to Texas law (or the law of any other jurisdiction
in which such employee is admitted to practice law)) stating that the Subsidiary Guarantor is entitled to such release in accordance with
the provisions of the Indenture. The Trustee shall not be liable for any such release undertaken in reliance upon any such Officers’
Certificate or Opinion of Counsel.

(c)     
Any Guarantor not released in accordance with the provisions of the Indenture will remain liable for the full amount of
principal of (and premium, if any, on) and interest on the Notes as provided in this Article Fourteen, subject to the limitations of Section
1403.

		Section 1405.	Guarantor Contribution.

To the extent permissible under the laws applicable
to the relevant Guarantor, in order to provide for just and equitable contribution among the Guarantors, the Guarantors hereby agree,
inter se, that in the event any payment or distribution is made by any Guarantor (a “Funding Guarantor”) under its
Guarantee, such Funding Guarantor shall be entitled to a contribution from each other Guarantor as to be agreed among the Guarantors by
separate agreement.

		Section 1406.	[Reserved]

		Section 1407.	Luxembourg Limitations

(a)     
The payment obligation of any Guarantor incorporated under the laws of Luxembourg (a “Luxembourg Guarantor”)
for the obligations of the Issuer or any other Guarantor that is not a Subsidiary of such Luxembourg Guarantor, shall be limited at any
time, with no double counting, to an aggregate amount not exceeding the higher of:

(i)     
ninety five per cent (95%) of the sum of such Luxembourg Guarantor’s own funds (capitaux propres) (as referred to
in Annex 1 of the Luxembourg regulation dated 18 December 2015 defining the form and the content of the balance sheet and profit and loss
account layouts and implementing among others article 34 of the Luxembourg law dated 19 December 2002 concerning the trade and companies
register and the accounting and annual accounts of undertakings, as amended) (the “Own Funds”) and such Luxembourg
Guarantor’s debt which is subordinated in right of payment (whether generally or specifically) to any claim of any Holder under
any of the Notes Documents (the “Lux Subordinated Debt”), as determined on the basis of the then latest available annual
accounts

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of such Luxembourg Guarantor duly established
in accordance with applicable accounting rules, as at the date of this Indenture; and

(ii)    
the sum of such Luxembourg Guarantor’s Own Funds and the Lux Subordinated Debt, as determined on the basis of the then latest
available annual accounts of such Luxembourg Guarantor duly established in accordance with applicable accounting rules, as at the date
of a guarantee payment under this Indenture.

(iii)   
Where for the purpose of the above determinations, no duly established annual accounts are available for the relevant reference
period (which, for the avoidance of doubt, includes a situation where, in respect of the determination to be made under (a) above, no
final annual accounts have been established in due time in respect of the then most recently ended financial year) the relevant Luxembourg
Guarantor shall, promptly, establish unaudited interim accounts (as of the date of the end of the then most recent financial quarter)
or annual accounts (as applicable) duly established in accordance with applicable accounting rules, pursuant to which the relevant Luxembourg
Guarantor’s Own Funds and Lux Subordinated Debt will be determined. If the relevant Guarantor fails to provide such unaudited interim
accounts or annual accounts (as applicable) within 30 Business Days as from the request of the Trustee, the Trustee may appoint an independent
auditor (réviseur d’entreprises agréé) or an independent reputable investment bank which shall undertake
the determination of the relevant Luxembourg Guarantor’s Own Funds and Lux Subordinated Debt. In order to prepare such determination,
the independent auditor (réviseur d’entreprises agréé) or the independent reputable investment bank
shall take into consideration such available elements and facts at such time, including without limitation, the latest annual accounts
of such Luxembourg Guarantor and any entities in which it has a direct or indirect equity interest, any recent valuation of the assets
of such Luxembourg Guarantor and any of its direct or indirect Subsidiaries, the market value of the assets of such Guarantor and any
entities in which it has a direct or indirect equity interest as if sold between a willing buyer and a willing seller as a going concern
using a standard market multi criteria approach combining market multiples, book value, discounted cash flow or comparable public transaction
of which price is known (taking into account circumstances at the time of the valuation and making all necessary adjustments to the assumption
being used) and acting in a reasonable manner.

(b)     
The limitation set forth in clause (a) shall not apply to any amounts borrowed under this Indenture and made directly or indirectly
available, in any form whatsoever, to the Luxembourg Guarantor or to any of its direct or indirect Subsidiaries.

		Section 1408.	Norwegian Limitations. 

The Norwegian Financial Agreements Act shall
not apply to this Indenture, except as required by § 2 of the Financial Agreements Act (if applicable). The liability of each
Guarantor incorporated in Norway in its capacity as Guarantor (each a “Norwegian Guarantor”)  shall be limited to USD
$750.0 million, plus any interest, default interest, commissions, charges, fees and expenses due under any Indenture Obligation. Notwithstanding
any other provision of this Indenture to the contrary, the obligations and liabilities of any Norwegian Guarantor under this Indenture
shall be limited by such mandatory provisions of sections 8-7 and/or 8-10 of the

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Norwegian Limited Liability Companies Act of 13 June 1997 (the “Act”)
regarding restrictions on a Norwegian limited liability company’s ability to grant guarantees, loans, security or other financial
assistance. The obligations of the Norwegian Guarantors shall only be limited to the extent this is required from time to time, and the
Norwegian Guarantors shall be liable to the fullest extent permitted by the Act as amended from time to time. To the extent permitted
by applicable law, if a payment under this Indenture by a Norwegian Guarantor has been made in contravention of the limitations contained
in this Section 1408, the Holders shall not be liable for any damages in relation thereto, and the maximum amount repayable by the Holders
as a consequence of such contravention shall be the amount received from that Norwegian Guarantor.

		Section 1409.	Irish Limitations.

Notwithstanding anything to the contrary in
this Indenture, the obligations, liabilities and undertakings of Parent Guarantor under this Guarantee shall be deemed not to be undertaken
or incurred to the extent that the same would (a) constitute unlawful financial assistance prohibited by section 82 of the Companies Act
2014 of Ireland (or any analogous provision of any other applicable law), or (b) constitute a breach of section 239 of the Companies Act
2014 of Ireland (or any analogous provision of any other applicable law).

		Section 1410.	Swiss Financial Assistance.

(a)     
If and to the extent a Swiss Guarantor becomes liable under this Guarantee or any other Notes Document for obligations of the Issuer
or any other Guarantor (other than the wholly owned direct or indirect subsidiaries of such Swiss Guarantor) (the “Restricted
Obligations”) and if complying with such obligations would constitute a repayment of capital (Einlagerückgewähr),
a violation of the legally protected reserves (gesetzlich geschützte Reserven) or the payment of a (constructive) dividend
(Gewinnausschüttung) by such Swiss Guarantor or would otherwise be restricted under Swiss law and practice then applicable,
such Swiss Guarantor’s aggregate liability for Restricted Obligations shall not exceed the amount of the Swiss Guarantor’s
freely disposable equity (frei verfügbares Eigenkapital) at the time it becomes liable including, without limitation, any
statutory reserves which can be transferred into unrestricted, distributable reserves, in accordance with Swiss law (the “Freely
Disposable Amount”).

(b)     
This limitation shall only apply to the extent it is a requirement under applicable law at the time any Swiss Guarantor is required
to perform Restricted Obligations under the Notes Documents. Such limitation shall not free such Swiss Guarantor from its obligations
in excess of the Freely Disposable Amount, but merely postpone the performance date thereof until such times when such Swiss Guarantor
has again freely disposable equity. The limitation set out in this Section 1410 shall not apply to the extent such Swiss Guarantor guarantees
or otherwise secures any amounts borrowed under any Notes Document which are on-lent to such Swiss Guarantor or to wholly owned direct
or indirect subsidiaries of such Swiss Guarantor.

(c)     
If the enforcement of the obligations of any Swiss Guarantor under the Notes Documents would be limited due to the effects referred
to in this Indenture, such Swiss Guarantor shall further, to the extent permitted by applicable law and Swiss accounting standards and
upon request by the Trustee, (i) write up or sell any of its assets that are shown in its balance sheet with a book value that is significantly
lower than the market value of the assets, in case of sale, however,

    	 	125	 

     

    

only if such assets are not necessary for
such Swiss Guarantor’s business (nicht betriebsnotwendig) and (ii) reduce its share capital to the minimum allowed under
then applicable law, provided that such steps are permitted under the Notes Documents.

(d)     
Each Swiss Guarantor, and any direct holding company of the Swiss Guarantor which is a party to a Notes Document, shall procure
that such Swiss Guarantor will take and will cause to be taken all and any action as soon as reasonably practicable but in any event within
30 Business Days from the request of the Trustee, including, without limitation, (i) the passing of any shareholders’ resolutions
to approve any payment or other performance under this Indenture or any other Notes Documents, (ii) the provision of an audited interim
balance sheet, (iii) the provision of a determination by such Swiss Guarantor of the Freely Disposable Amount based on such audited interim
balance sheet, (iv) the provision of a confirmation from the auditors of such Swiss Guarantor that a payment by such Swiss Guarantor under
the Notes Documents in an amount corresponding to the Freely Disposable Amount is in compliance with the provisions of Swiss corporate
law which are aimed at protecting the share capital and legal reserves, and (v) the obtaining of any other confirmations which may be
required as a matter of Swiss mandatory law in force at the time such Swiss Guarantor is required to make a payment or perform other obligations
under this Indenture or any other Notes Document, in order to allow a prompt payment in relation to Restricted Obligations with a minimum
of limitations.

(e)     
If so required under applicable law (including tax treaties) at the time it is required to make a payment under this Indenture,
each Swiss Guarantor:

(i)     
shall use its best efforts to ensure that such payments can be made without deduction of Swiss withholding tax, or with deduction
of Swiss withholding tax at a reduced rate, by discharging the liability to such tax by notification pursuant to applicable law (including
tax treaties) rather than payment of the tax;

(ii)    
shall deduct the Swiss withholding tax at such rate (being 35% on the date hereof) as in force from time to time if the notification
procedure pursuant to Section 1410(e)(i) above does not apply; or shall deduct the Swiss withholding tax at the reduced rate
resulting after discharge of part of such tax by notification if the notification procedure pursuant to Section 1410(e)(i)
applies for a part of the Swiss withholding tax only; and shall pay within the time allowed any such taxes deducted to the Swiss Federal
Tax Administration; and

(iii)   
shall promptly notify the Trustee that such notification or, as the case may be, deduction has been made, and provide the Trustee
with evidence that such a notification of the Swiss Federal Tax Administration has been made or, as the case may be, such taxes deducted
have been paid to the Swiss Federal Tax Administration.

(f)     
In the case of a deduction of Swiss withholding tax, each Swiss Guarantor shall use its best efforts to ensure that any person
that is entitled to a full or partial refund of the Swiss withholding tax deducted from such payment under this Indenture or any other
Notes Document, will, as soon as possible after such deduction:

    	 	126	 

     

    

(i)     
 request a refund of the Swiss withholding tax under applicable law (including tax treaties); and

(ii)     
pay to the Trustee upon receipt any amount so refunded.

(g)     
The Trustee shall co-operate with the Swiss Guarantor to secure such refund.

(h)     
To the extent any Swiss Guarantor is required to deduct Swiss withholding tax pursuant to this Guarantee, and if the Freely Disposable
Amount is not fully utilised, such Swiss Guarantor will be required to pay an additional amount so that after making any required deduction
of Swiss withholding tax the aggregate net amount paid to the Trustee is equal to the amount which would have been paid if no deduction
of Swiss withholding tax had been required from such Swiss Guarantor, provided that (i) the aggregate amount paid (including the additional
amount) shall in any event be limited to the Freely Disposable Amount (ii) such gross up is not explicitly prohibited under the applicable
law or federal court practice, and (iii) such steps are permitted under the Notes Documents. In such case, if a refund of the Swiss withholding
tax is made to a Holder, such Holder shall transfer the refund so received, after deduction of costs, to such Swiss Guarantor, subject
to any right of set-off of such Holder pursuant to the Notes Documents.

(i)     
The Parent Guarantor hereby represents that it is not resident for tax purposes in Switzerland and is not subject to Swiss withholding
tax.

 

		Section 1411.	Parallel Debt.

(a)     
Each Guarantor, by way of an independent payment obligation, hereby irrevocably and unconditionally undertakes to pay to the Collateral
Agent, as creditor in its own right and not as representative of the Holders, sums equal to and in the currency of each amount payable
by such Guarantor to any of the Holders under the Indenture Obligations as and when that amount falls due for payment under the Indenture
Obligations. The parties to this Indenture acknowledge and confirm that the parallel debt provisions contained herein shall not be interpreted
so as to increase the maximum total amount of the obligations under the Indenture Obligations.

(b)     
The obligations of each Guarantor under clause (a) above are several and are separate and independent from, and shall not in any
way limit or affect, the corresponding obligations of such Guarantor to any Holder under the Indenture Obligations (its “Corresponding
Debt”) nor shall the amounts for which each Guarantor is liable under clause (a) above (its “Parallel Debt”)
be limited or affected in any way by its Corresponding Debt; provided, that: (x) the Collateral Agent shall not demand payment
with regard to the Parallel Debt of any Guarantor to the extent that such Guarantor’s Corresponding Debt has been paid or (in the
case of guarantee obligations) discharged and (y) none of the Collateral Agent, the Trustee or any Holder shall demand payment with regard
to the Corresponding Debt of any Guarantor, to the extent that such Guarantor’s Parallel Debt has been paid or (in the case of guarantee
obligations) discharged.

(c)     
The Collateral Agent acts in its own name and not as agent and it shall have its own independent right to demand payment of the
amounts payable by each Guarantor, under this Section 1411.  Collateral Agent may not assign or transfer any claim arising from
the Parallel Debt other than to any successor agent.

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(d)     
 Any amount due and payable by a Guarantor, to the Collateral Agent in respect of a Parallel Debt under this Section 1411
shall be automatically decreased and discharged to the extent that such Guarantor has paid the corresponding amount under the Corresponding
Debt and any amount due and payable by a Guarantor to the other applicable Holders under the Corresponding Debt shall be decreased
to the extent that such Guarantor has paid the corresponding amount to the Collateral Agent under its Parallel Debt.  The Guarantors shall
have all objections and defenses against the Parallel Debt which they have against the Corresponding Debt. An Event of Default in respect
of the payment of the Corresponding Debt shall constitute a default within the meaning of section 3:248 Netherlands Civil Code with respect
to the payment of the Parallel Debt without any notice being required.

(e)     
The amount of the Parallel Debt of a Guarantor shall at all times be equal to the amount of its Corresponding Debt and the aggregate
amount outstanding owed by the Guarantors under the Indenture Obligations at any time shall not exceed the amount of the Corresponding
Debt at that time.

(f)     
The rights of the Trustee and the Holders (other than the Collateral Agent in its capacity as parallel debt creditor) to receive
payment of amounts payable by each Guarantor, under the Corresponding Debt are several and are separate and independent from, and
without prejudice to, the rights of the Collateral Agent to receive payment under the Parallel Debt.

		Section 1412.	Dutch Covenants.

Any fiscal unity (fiscale eenheid) for
Dutch tax purposes, of which a Note Party forms part of, shall consist of Note Parties and/or Restricted Subsidiaries only. Each Guarantor
organized under the laws of the Netherlands shall be solely resident for tax purposes in the Netherlands and shall not have any permanent
establishment or other taxable presence outside the Netherlands, unless with the prior written consent of the Trustee (acting upon the
direction of the Majority Holders).

		Section 1413.	German Limitation of Liability.

(a)     
In this Section 1413:

“Auditors’ Determination”
shall have the meaning ascribed to that term in Section 1413(f).

“Enforcement Notice” shall
have the meaning ascribed to that term in Section 1413(e).

“German Guarantor” means
any Guarantor incorporated in Germany as (x) a limited liability company (Gesellschaft mit beschränkter Haftung - GmbH) (a
“German GmbH Guarantor”) or (y) a limited partnership (Kommanditgesellschaft) with a limited liability company
as general partner (a “German GmbH & Co. KG Guarantor”) in relation to whom any of the Holders intends to demand
payment under this Guarantee.

“Guaranteed Obligor” shall
have the meaning ascribed to that term in Section 1413(b).

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“Management Determination”
shall have the meaning ascribed to that term in Section 1413(e).

“Net Assets”
means the relevant company’s assets (Section 266 para. (2) A, B, C, D and E German Commercial Code (Handelsgesetzbuch)),
less the aggregate of its liabilities (Section 266 para. (3) B (but disregarding any accruals (Rückstellungen) in respect
of a potential enforcement of this Guarantee or any Transaction Security), C, D and E German Commercial Code), the amount of profits (Gewinne)
not available for distribution to its shareholders in accordance with section 268 para. 8 German Commercial Code and the amount of its
stated share capital (Stammkapital).

(b)     
Subject to the provisions of this Section 1413, each Holder agrees not to enforce the guarantee under this Indenture if
and to the extent that the guarantee under this Indenture secures any liability of a Guarantor which is an affiliated company (verbundenes
Unternehmen) within the meaning of section 15 of the German Stock Corporation Act (Aktiengesetz) of a German Guarantor (other
than that German Guarantor’s wholly-owned Subsidiaries) (the “Guaranteed Obligor”) and if and to the extent that
a payment under this Guarantee would cause that German Guarantor’s (or, in the case of a German GmbH & Co. KG as Guarantor,
its general partners’) Net Assets (determined pursuant to Section 1413(c), (e) and/or (f)) to be reduced below zero (Begründung
einer Unterbilanz), or further reduced (Vertiefung einer Unterbilanz) if already below zero.

(c)     
For the purposes of the calculation of the Net Assets the following balance sheet items shall be adjusted as follows:

(i)     
the amount of any increase of the stated share capital (Erhöhungen des Stammkapitals) of the relevant German
Guarantor after the date hereof that has been effected without the consent of the Holders, shall be deducted from the stated share capital
at that time;

(ii)    
liabilities incurred by the relevant German Guarantor in violation of the Notes Documents; and

(iii)   
indebtedness which is subordinated to any Indebtedness outstanding under this Indenture (including indebtedness in respect
of guarantees for financial indebtedness which is so subordinated),

shall be disregarded.

(d)     
In addition, the German Guarantor and, where the guarantor is a German GmbH & Co. KG Guarantor, also its general partner,
shall realize, to the extent legally permitted and commercially reasonable with respect to the cost of such sale, in a situation where
the enforcement of this Guarantee would cause the Net Assets to fall below zero or be further reduced if already below zero, any and all
of its assets that are shown in the balance sheet with a book value (Buchwert) that is significantly lower than the market value
of the asset if such asset is not ncesessary for the German Guarantor’s or, as the case may be, its general partner’s, business
(betriebsnotwendig).

    	 	129	 

     

    

(e)     
 Upon receipt of a payment demand notice to any German Guarantor under this Guarantee (the “Enforcement Notice”),
the relevant German Guarantor shall deliver to the Holders, without undue delay, but in any event no later than 10 Business Days after
receipt of the Enforcement Notice, (i) a written response, including the extent, if any, to which this Guarantee should not be enforced,
(ii) its up-to-date balance sheet or, in the case of a German GmbH & Co. KG Guarantor, its and its general partner’s up-to-date
balance sheet, and (iii) a reasonably detailed calculation of the amount of its Net Assets, taking into account the adjustments set forth
in Section 1413(c) (clauses (i) through (iii), collectively, the “Management Determination”). The Management Determination
shall be prepared as of the date of receipt of the Enforcement Notice.

(f)     
Following the Holders’ receipt of the Management Determination, upon request by the Holders, the relevant German Guarantor
shall deliver to the Holders, within 30 Business Days of such request, (i) its up-to-date balance sheet or, in the case of a German GmbH
& Co. KG Guarantor, its and its general partner’s up-to-date balance sheet, drawn-up by its auditor and (ii) a detailed calculation
of the amount of the Net Assets taking into account the adjustments set forth in Section 1413(c) (the “Auditor’s Determination”).
Such balance sheet and Auditor’s Determination shall be prepared in accordance with the accounting principles as consistently applied
by the German Guarantors. The Auditor’s Determination shall be prepared as of the date of receipt of the Enforcement Notice.

(g)     
The Holders shall be entitled to demand payment under this Guarantee in an amount which would, in accordance with the Management
Determination or, if applicable and taking into account any previous enforcement in accordance with the Management Determination, the
Auditor’s Determination, not cause the German Guarantor’s Net Assets, or in the case of a German GmbH & Co. KG Guarantor,
its general partner’s Net Assets, to be reduced below zero or further reduced if already below zero. If and to the extent that the
Net Assets as determined by the Auditor’s Determination are lower than the amount enforced (i) in accordance with the Management
Determination or (ii) without regard to the Management and/or Auditor’s Determination, the Holders shall release to the relevant
German Guarantor (or in case of a German GmbH & Co. KG Guarantor to its general partner) such excess enforcement proceeds.

(h)     
The restriction under Section 1413(b) shall not apply:

(i)     
to the extent that this Guarantee secures (A) any loans that are on-lent, otherwise been passed on or actually disbursed
to the relevant German Guarantor or any of its Subsidiaries and not repaid or (B) any guarantees issued under this Guarantee for the benefit
of the relevant German Guarantor or any of its Subsidiaries which are not returned;

(ii)    
if the relevant German Guarantor (as dominated entity) is subject to a domination and/or profit transfer agreement (Beherrschungs-
und/oder Gewinnabführungsvertrag) (a “DPTA”) with the Guaranteed Obligor, whether directly or indirectly through
a chain of DPTAs between each company and its shareholder (or in case of a German GmbH & Co. KG Guarantor between its general partner
and its shareholder) provided that the existence of that DPTA does prevent the violation of

    	 	130	 

     

    

section 30 of the German Act on Companies with Limited Liabilities
(Gesetz betreffend die Gesellschaften mit beschränkter Haftung);

(iii)    if and to extent the relevant German Guarantor has on the date of enforcement of this Indenture a fully recoverable indemnity
or claim for refund (vollwertiger Gegenleistungs- oder Rückgewähranspruch) against its shareholder or the Guaranteed
Obligor;

(iv)    if and to the extent, despite being in a position to take measures as described above under Section 1413(d), the German
Guarantor fails to take its best efforts to carry out such measures; or

(v)     
if a court order providing for the commencement of insolvency proceedings in respect of the assets of the German Guarantor
has been issued.

(i)     
For the avoidance of doubt, nothing shall prevent the Trustee from enforcing its rights under this Indenture against a German
Guarantor if and to the extent that such enforcement does not contravene the provisions, or such limitations are not required in order
to protect the managing directors of a German Guarantor from incurring personal liability exposure with respect to breaches, of section
30 of the German Act on Companies with Limited Liability (as amended from time to time and as each interpreted by the German Federal Court).

(j)     
The limitations set forth in this Section 1413 shall not affect the right of a Holder to claim again any amount outstanding
at a later point in time if and to the extent that this Section 1413 would allow this at such later point in time.

		Section 1414.	English Law Limitations.

Notwithstanding anything to the contrary in this Indenture, the
guarantee, indemnity or other obligation provided under this Indenture by a Guarantor incorporated under the laws of England and Wales
does not apply to any liability to the extent that it would result in such guarantee, indemnity or other obligation hereunder constituting
unlawful financial assistance within the meaning of sections 678 or 679 of the Companies Act 2006 or any equivalent and applicable provisions
under the laws of England and Wales.

		Section 1415.	Mexican Law Limitations.

(a)     
Notwithstanding anything to the contrary in this Indenture, with respect to any Mexican Guarantor, such Mexican Guarantor
shall provide its consent for any renewal, extension, any change in, or any modification of, in any manner whatsoever, any of the obligations
and liabilities of the Issuer or such Mexican Guarantor contained in the Notes or the Indenture.

(b)     
Additionally, with respect to any Mexican Guarantor, in the event that proceedings are brought in Mexico seeking performance
of payment obligations of such Mexican Guarantor, denominated in a currency other than Mexican Pesos, the Mexican Guarantor may discharge
its obligations by paying any sum due in Mexican currency at the rate of exchange prevailing in the United Mexican States and fixed by
Banco de Mexico published in the Official

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Gazette of the Federation (Diario Oficial de la Federación)
on the date when payment is made, as provided by the Monetary Law of the United Mexican States (Ley Monetaria de los Estados Unidos
Mexicanos).

(c)     
The Trustee hereby accepts the trusts in the Indenture upon the terms and conditions herein set forth.

		Section 1416.	Argentine Law Limitations.

(a)     
Notwithstanding anything to the contrary in this Indenture, with respect to any and each of the Guarantors incorporated
in Argentina (any such guarantor, an “Argentine Guarantor”), such Argentine Guarantor shall provide its consent for
any renewal, extension, any change in, or any modification of, in any manner whatsoever, any of the obligations and liabilities of the
Issuer or such Argentine Guarantor contained in the Notes or the Indenture.

(b)     
Each of the Argentine Guarantors hereby acknowledges and recognizes that it is in the best interest of the Parent Guarantor
and its Affiliates that the Supplemental Indenture (substantially in the form of Annex B to this Indenture) be executed by the Argentine
Guarantors.

(c)     
 

(i)     
The parties hereto acknowledge that (a) this is part of a cross-border financing, (b) the transactions and disbursements
made under the Notes are made and denominated in Dollars and (c) any and all payments to be made by any Argentine Guarantor hereunder
shall be made exclusively in Dollars. The Argentine Guarantor waives (a) any right (including any right under Section 765 of the Argentine
National Civil and Commercial Code (if applicable)) it may have in any jurisdiction to pay any amount under the Notes in a currency or
currency unit other than that in which it is expressed to be payable or (b) the right to invoke any defense of payment impossibility (including
any defense under Section 1091 of the Argentine Civil and Commercial Code), or similar defenses or principles (including, without limitation,
equity or sharing of efforts principles, impossibility to comply with the obligations under Section 1732 of the Argentine Civil and Commercial
Code, “onerosidad sobreviviente,” “lesión enorme” or “abuso del derecho” under Section 10 of
the Argentine Civil and Commercial Code). Nothing in this Indenture or the Notes shall impair any of the rights of the First Lien Notes
Secured Parties or justify the Argentine Guarantor in refusing to make payments hereunder in Dollars for any reason whatsoever, including,
without limitation, any of the following: (a) the purchase of Dollars in Argentina by any means becoming more onerous or burdensome for
the Issuer and/or the Argentine Guarantor than as of the date hereof and (b) the exchange rate in force in Argentina increasing significantly
from that in effect as of the date hereof. Accordingly, the Argentine Guarantor assumes the risk of, and takes responsibility for any
present or future circumstance (including circumstances that may constitute events of force majeure) that may affect the foreign exchange
market or any methods for obtaining Dollars, or prevent or make more burdensome the acquisition of Dollars owed hereunder, and it agrees,
in any event, to honor all its

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obligations by the delivery of the exact amount of Dollars
owed hereunder outside Argentina.

(ii)    
Each of the Argentine Guarantors hereby agrees that, if there is any restriction or prohibition to access to the Argentine
foreign exchange market, or on the payment outside of Argentina of any amounts due under the Notes, or a requirement to have prior authorization
of the Central Bank of the Republic of Argentina (Banco Central de la República Argentina) or of any other Authority, and such
authorization is not obtained prior to the applicable payment date, the Argentine Guarantor shall, at its own expense, obtain the required
amount of Dollars to pay the relevant amount, to the extent permitted by law, through (a) the purchase of any public or private bond or
tradable debt or equity security listed in Argentina and denominated in Dollars, and transfer and sale of the same out of Argentina for
the payment of the then-due amount in Dollars; (b) the purchase of the due amount in Dollars in any market in which it may be purchased,
with any legal tender; or (c) any other lawful mechanism for the acquisition of Dollars. It is hereby clarified and understood that, in
case new regulations prohibit the mechanisms referred to in (a) through (c) above, the parties (including the Argentine Guarantor) shall
negotiate, in good faith, reasonable available alternatives for the Argentine Guarantor to fulfill its obligations under this Indenture.
Any payment obligations shall only be discharged upon the receipt by each of the First Lien Notes Secured Parties of the full payment
of all such payment obligations, in Dollars. Interest shall continue to accrue as specified in this Indenture and the Notes on any amounts
that are not paid on the due date therefor as a result of the Argentine Guarantor or any other entity’s entering into or consummating
any transaction to obtain Dollars to make any required payment hereunder or the Notes and such shall continue to accrue until full payment
of such amount due is made to the relevant First Lien Notes Secured Party.

(iii)   
Without limiting the generality of any other provision of this Indenture, the Argentine Guarantor hereby irrevocably and
unconditionally waives, to the fullest extent permitted by applicable law, all rights and benefits set forth in Articles 1584 (Excepciones
al beneficio de excusión), 1583 (Beneficio de excusión) the first paragraph of 1585 (Beneficio de excusión en caso
de coobligados), 1588 (Efectos de la sentencia), 1589 (Beneficio de división), 1592 (Subrogación) (as long as there are
any outstanding payment obligations under the Notes), 1594 (Derechos del fiador), 1595 (as long as there are any outstanding payment obligations
under the Notes), 1596 (Causales de extinción), 1597 (Novación) and 1598 (Evicción) of the Argentine Civil and Commercial
Code. Furthermore, the Argentine Guarantor hereby waives the right to request the termination of this Indenture for any of the events
set forth in items (b), (c) and (d) of Article 1596 (Causales de extinción) of the Argentine Civil and Commercial Code.

		Section 1417.	Brazilian Law Limitations and Waivers.

(a)     
Notwithstanding anything to the contrary in this Indenture, with respect to any and each of the Guarantors incorporated
in Brazil (any such guarantor, a “Brazilian Guarantor”), such Brazilian Guarantor shall provide its consent for any
material extension or modification of any of the obligations and liabilities of the Issuer or such Brazilian Guarantor contained in the
Notes or the Indenture.

    	 	133	 

     

    

(b)     
 Each of the Brazilian Guarantors hereby unconditionally and irrevocably waives any and all rights provided under the relevant
applicable law of Brazil on prior demand and protest, including those of articles 333, sole paragraph, 364, 366, 368, 827, 830, 834, 835,
837, 838 and 839 of Federal Law No. 10,406, dated January 10, 2002, as amended (Brazilian Civil Code), and articles 130 and 794 of Federal
Law No. 13,105, dated March 16, 2015, as amended (Brazilian Civil Procedure Code).

		Section 1418.	Joinder by Supplemental Indenture.

The Argentine Guarantors and the Brazilian Guarantors
in existence on the Initial Issuance Date shall be required to join this Indenture on the Initial Issuance Date by one or more supplemental
indentures hereto.

Article
Fifteen

COLLATERAL

		Section 1501.	Collateral Documents.

(a)     
The due and punctual payment of the principal of, premium and interest, on the Notes when and as the same shall be due and
payable, whether on an interest payment date, at maturity, by acceleration, repurchase, redemption or otherwise, and interest on the overdue
principal of, premium and interest on the Notes and performance of all other Indenture Obligations of the Issuer and the Guarantors to
the Holders, the Trustee or the Collateral Agent under this Indenture, the Notes, the Guarantees and the Collateral Documents, according
to the terms hereunder or thereunder, shall be secured as provided in the Collateral Documents, which define the terms of the Liens that
secure the Indenture Obligations, subject to the terms of the Intercreditor Agreements. The Trustee and the Issuer hereby acknowledge
and agree that the Collateral Agent holds the security interest for the benefit of itself, the Holders and the Trustee and pursuant to
the terms of this Indenture and the Collateral Documents. Each Holder, by accepting a Note, and each beneficial owner of an interest in
a Note, consents and agrees to the terms of the Collateral Documents (including the provisions providing for the possession, use, release
and foreclosure of Collateral) and the Intercreditor Agreements as the same may be in effect or may be amended from time to time in accordance
with their terms and this Indenture and the Intercreditor Agreements, and authorizes and directs the Collateral Agent to enter into the
Collateral Documents and to perform its obligations and exercise its rights thereunder in accordance therewith. Subject to the Applicable
Collateral Limitations, the Issuer shall deliver to the Collateral Agent copies of all documents required to be filed pursuant to the
Collateral Documents to which the Collateral Agent is a party, and will do or cause to be done all such acts and things as may be reasonably
required by the next sentence of this Section 1501, to provide to the Collateral Agent the security interest in the Collateral contemplated
hereby and/or by the Collateral Documents or any part thereof, as from time to time constituted, so as to render the same available for
the security and benefit of the Indenture Obligations secured hereby or thereby, according to the intent and purposes herein expressed.
Subject to the Applicable Collateral Limitations, the Issuer shall, and shall cause the Subsidiaries of the Issuer to, take any and all
actions and make all filings (including the filing of UCC or PPSA financing statements, continuation statements and amendments thereto
(or analogous procedures under the applicable laws in the relevant Covered Jurisdiction)) required to cause the Collateral Documents to
create

    	 	134	 

     

    

and maintain, as security for the Indenture Obligations of the Issuer
and the Guarantors to the First Lien Notes Secured Parties, a valid and enforceable perfected (or any analogous concept to the extent
perfection does not apply in the relevant jurisdiction) Lien and security interest in and on all of the Collateral (subject to terms of
the Intercreditor Agreements and the other Collateral Documents), in favor of the Collateral Agent for the benefit of itself, the Holders
and the Trustee subject to no Liens other than Liens permitted by Section 1010 hereof.

(b)     
Notwithstanding any provision hereof to the contrary, the provisions of this Article Fifteen are qualified in their entirety
by the Applicable Collateral Limitations and neither the Issuer nor any Guarantor shall be required pursuant to this Indenture or any
Collateral Document to take any action limited by the Applicable Collateral Limitations.

		Section 1502.	Release of Collateral

(a)     
The Liens securing the Notes will be automatically released, all without delivery of any instrument or performance of any
act by any party, at any time and from time to time as provided by this Section 1502. Upon such release, subject to the terms of the Collateral
Documents, all rights in the released Collateral securing Indenture Obligations shall revert to the Issuer and the Guarantors, as applicable.
The Collateral shall be released from the Lien and security interest created by the Collateral Documents and the Trustee (subject to its
receipt of an Officers’ Certificate and Opinion of Counsel as provided below) shall execute documents evidencing such release (if
any), and instruct the Collateral Agent in writing to execute, as applicable, and the Collateral Agent (subject to its receipt of an Officers’
Certificate and Opinion of Counsel as provided below) shall execute, the same at the Issuer’s sole cost and expense, under one or
more of the following circumstances:

(i)     
in whole upon:

(A)     
payment in full of the principal of, together with accrued and unpaid interest, on, the Notes and all other Indenture Obligations
under this Indenture, the Guarantees and the Collateral Documents (for the avoidance of doubt, other than contingent Indenture Obligations
in respect of which no claims have been made) that are due and payable at or prior to the time such principal, together with accrued and
unpaid interest, are paid;

(B)     
satisfaction and discharge of this Indenture with respect to the Notes as set forth under Section 401; or

(C)     
a Legal Defeasance or Covenant Defeasance of this Indenture with respect to the Notes as set forth under Sections 1302 or
1303 hereof, as applicable;

(ii)    
in whole or in part, with the consent of Holders of the Notes in accordance with Article Nine of this Indenture;

(iii)   
in part, as to any asset:

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(A)     
 (I) constituting Collateral that is sold or otherwise disposed of by the Issuer or any of the Guarantors to any Person
that is not the Issuer or a Guarantor in a transaction permitted by this Indenture (to the extent of the interest sold or disposed of)
or (II) constituting Collateral, in accordance with the provisions of an Intercreditor Agreement, or

(B)     
that is held by a Guarantor that ceases to be a Guarantor, or

(C)     
that becomes an Excluded Asset, or

(D)     
constituting an Equity Interest of any Person that is not the surviving party in any merger, consolidation or amalgamation
permitted by this Indenture; provided that (I) the proceeds received in respect of such Equity Interests and (II) the Equity Interests
of the surviving party in any such merger, consolidation or amalgamation constituting Collateral, in the case of (I) and (II), shall not
be released from the Lien and security interest created by the Collateral Documents, or

(E)     
that is otherwise released in accordance with, and as expressly provided for by the terms of, this Indenture and the Collateral
Documents,

provided that, in the case of clause (iii)(A)(II),
the proceeds of such Collateral shall be applied in accordance with the applicable Intercreditor Agreement.

(b)     
In addition, the Liens with respect to any portion of the Notes (less than all of the Notes) shall be automatically released,
all without delivery of any instrument or performance of any act by any party, at any time and from time to time as provided by this Section
1502 and the Trustee (subject to its receipt of an Officers’ Certificate and Opinion of Counsel as provided below) shall execute
documents evidencing such release (if any), and instruct the Collateral Agent in writing to execute, as applicable, and the Collateral
Agent (subject to its receipt of an Officers’ Certificate and Opinion of Counsel as provided below) shall execute the same at the
Issuer’s sole cost and expense, upon payment in full of the principal of, together with accrued and unpaid interest on, the applicable
Notes and all other Indenture Obligations under this Indenture, the Guarantees and the Collateral Documents in respect of such Notes (for
the avoidance of doubt, other than contingent Indenture Obligations in respect of which no claims have been made) that are due and payable
at or prior to the time such principal, together with accrued and unpaid interest, are paid.

(c)     
With respect to any release of Collateral or release of the Notes from the Liens securing the Notes, upon receipt of an
Officers’ Certificate and an Opinion of Counsel (provided that, in the case of the release of any Collateral, together with
all other Collateral being released in one transaction or a series of related transactions, has a value of less than $50 million as certified
to the Trustee and the Collateral Agent in an Officers’ Certificate, such opinion may be provided by an employee of the Issuer,
a Guarantor or a Restricted Subsidiary, and need not be provided by an attorney admitted to practice in New York and may assume that the
applicable law (including New York law) in respect of such opinion is identical to Texas law (or the law of any other jurisdiction in
which such employee is admitted to practice law)) stating that all

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conditions precedent under this Indenture, the applicable Intercreditor
Agreements and the Collateral Documents, as applicable, to such release have been met and that it is permitted for the Trustee and/or
the Collateral Agent to execute and deliver the documents requested by the Issuer in connection with such release, and any necessary or
proper instruments of termination, satisfaction, discharge or release prepared by the Issuer, the Trustee shall, or shall cause the Collateral
Agent to, and the Collateral Agent shall, execute, deliver or acknowledge (at the Issuer’s expense) such instruments or releases
(whether electronically or in writing) to evidence, and shall do or cause to be done all other acts reasonably necessary to effect, in
each case as soon as reasonably practicable, the release and discharge of any Collateral or any Notes permitted to be released pursuant
to this Indenture, the Intercreditor Agreements or the other Collateral Documents. Neither the Trustee nor the Collateral Agent shall
be liable for any such release undertaken in reliance upon any such Officers’ Certificate or Opinion of Counsel, and notwithstanding
any term hereof or in any Collateral Document or the Intercreditor Agreements to the contrary, but without limiting any automatic release
provided hereunder or under any Collateral Document, the Trustee and the Collateral Agent shall not be under any obligation to release
any such Lien and security interest, or execute and deliver any such instrument of release, satisfaction, discharge or termination, unless
and until it receives such Officers’ Certificate and Opinion of Counsel.

		Section 1503.	Suits to Protect the Collateral

Subject to the provisions of Article Six hereof
and the Collateral Documents and the Intercreditor Agreements, the Trustee, without the consent of the Holders, on behalf of the Holders,
following the occurrence of an Event of Default that is continuing, may or may instruct the Collateral Agent in writing to take all actions
it reasonably determines are necessary in order to:

(a)     
enforce any of the terms of the Collateral Documents; and

(b)     
collect and receive any and all amounts payable in respect of the Indenture Obligations hereunder.

Subject to the provisions of the Collateral
Documents and the Intercreditor Agreements, the Trustee and the Collateral Agent shall have the power to institute and to maintain such
suits and proceedings as the Trustee may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful
or in violation of any of the Collateral Documents or this Indenture, and such suits and proceedings as the Trustee may determine to preserve
or protect its interests and the interests of the Holders in the Collateral. Nothing in this Section 1503 shall be considered to impose
any such duty or obligation to act on the part of the Trustee or the Collateral Agent.

		Section 1504.	Authorization of Receipt of Funds by the Trustee Under the Collateral Documents.

Subject to the provisions of the Intercreditor
Agreements, the Trustee is authorized to receive any funds for the benefit of the Holders distributed under the Collateral Documents,
and

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to make further distributions of such funds to the Holders according
to the provisions of this Indenture.

		Section 1505.	Purchaser Protected.

In no event shall any purchaser or other transferee
in good faith of any property or asset purported to be released hereunder be bound to ascertain the authority of the Collateral Agent
or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the
exercise of such authority or to see to the application of any consideration given by such purchaser or other transferee; nor shall any
purchaser or other transferee of any property, asset or rights permitted by this Article Fifteen to be sold be under any obligation to
ascertain or inquire into the authority of the Issuer or the applicable Guarantor to make any such sale or other transfer.

		Section 1506.	Powers Exercisable by Receiver or Trustee

In case the Collateral shall be in the possession
of a receiver or trustee, lawfully appointed, the powers conferred in this Article Fifteen upon the Issuer or a Guarantor with respect
to the release, sale or other disposition of such property or asset may be exercised by such receiver or trustee, and an instrument signed
by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Issuer or a Guarantor or of any Officer or
Officers thereof required by the provisions of this Article Fifteen; and if the Trustee shall be in the possession of the Collateral under
any provision of this Indenture, then such powers may be exercised by the Trustee.

		Section 1507.	Release Upon Termination of the Issuer’s Obligations.

In the event that the Issuer delivers to the
Trustee an Officers’ Certificate certifying that (i) payment in full of the principal of, together with accrued and unpaid interest
on, the Notes and all other Indenture Obligations that are due and payable at or prior to the time such principal, together with accrued
and unpaid interest, are paid or (ii) the Issuer shall have exercised its Legal Defeasance option or its Covenant Defeasance option, in
each case in compliance with the provisions of Section 1302 or 1303 hereof, as applicable, and an Opinion of Counsel stating that all
conditions precedent to the execution and delivery of such notice by the Trustee have been satisfied, the Trustee shall deliver to the
Issuer and the Collateral Agent a notice, in form reasonably satisfactory to the Collateral Agent, stating that the Trustee, on behalf
of the Holders, disclaims and gives up any and all rights it has in or to the Collateral solely on behalf of the Holders of the Notes
without representation, warranty or recourse (other than with respect to funds held by the Trustee pursuant to Section 1302 or 1033 hereof,
as applicable), and any rights it has under the Collateral Documents solely on behalf of the Holders of the Notes and upon receipt by
the Collateral Agent of such notice, the Collateral Agent shall be deemed not to hold a Lien in the Collateral on behalf of the Trustee
and shall execute and deliver all documents and do or cause to be done (at the expense of the Issuer and upon receipt of the Officers’
Certificate and Opinion of Counsel described in Section 1502(c)) all acts reasonably requested by the Issuer to release and discharge
such Lien as soon as is reasonably practicable.

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		Section 1508.	Collateral Agent.

(a)     
The Issuer and each of the Holders by acceptance of the Notes, and each beneficial owner of an interest in a Note, hereby designates
and appoints the Collateral Agent as its agent under this Indenture, the Intercreditor Agreements and the other Collateral Documents and
the Issuer directs and authorizes and each of the Holders by acceptance of the Notes hereby irrevocably authorizes the Collateral Agent
to take such action on its behalf under the provisions of this Indenture and the Collateral Documents and to exercise such powers and
perform such duties as are expressly delegated to the Collateral Agent by the terms of this Indenture, the Intercreditor Agreements and
the other Collateral Documents, and consents and agrees to the terms of the Intercreditor Agreements and each Collateral Document, as
the same may be in effect or may be amended, restated, supplemented or otherwise modified from time to time in accordance with their respective
terms or the terms of this Indenture. The Collateral Agent agrees to act as such on the express conditions contained in this Section 1508.
The provisions of this Section 1508 are solely for the benefit of the Collateral Agent and none of the Trustee, any of the Holders nor
any of the Grantors shall have any rights as a third party beneficiary of any of the provisions contained herein. Each Holder agrees that
any action taken by the Collateral Agent in accordance with the provision of this Indenture, the Intercreditor Agreements and/or the Collateral
Documents, and the exercise by the Collateral Agent of any rights or remedies set forth herein and therein shall be authorized and binding
upon all Holders. Notwithstanding any provision to the contrary contained elsewhere in this Indenture, the Intercreditor Agreements and
the other Collateral Documents, the duties of the Collateral Agent shall be ministerial and administrative in nature, and Collateral Agent
shall not have any duties or responsibilities, except those expressly set forth herein and in the other Notes Documents to which the Collateral
Agent is a party, nor shall the Collateral Agent have or be deemed to have any trust or other fiduciary relationship with the Trustee
or any Holder or any Grantor, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read
into this Indenture, the Intercreditor Agreements and the other Collateral Documents or otherwise exist against the Collateral Agent.
Without limiting the generality of the foregoing sentence, the use of the term “agent” in this Indenture with reference to
the Collateral 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.

Without limiting the generality of the foregoing the Collateral
Agent hereby undertakes, and each of the Holders by acceptance of the Notes and each beneficial owner of an interest in a Note authorize
the Collateral Agent to:

(i)     hold and administer,
or as the case may be authorize and appoint, on behalf of and for the benefit of the Holders and beneficial owners of an interest in the
Notes, any other person in accordance with the Intercreditor Agreements, any non-accessory Collateral (nicht-akzessorische Sicherheit)
governed by the laws of the Federal Republic of Germany as fiduciary (treuhänderisch) in its own name but for the benefit of the
Holders and beneficial owners of an interest in the Notes;

(ii)    hold and administer
any accessory Collateral (akzessorische Sicherheit) governed by the laws of the Federal Republic of Germany as direct representative (direkter

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Stellvertreter) in the name and on behalf of the Holders and
beneficial owners of an interest in the Notes;

(iii)   accept, enter into and execute, as its direct representative
(direkter Stellvertreter) any pledge or other creation of any accessory security right (akzessorische Sicherheit) granted in favor of
any Holder under German law in connection with the Notes and to agree to and execute in its name and on its behalf as its direct representative
(direkter Stellvertreter) any amendments, confirmations and/or alterations to any Collateral Document governed by German law which creates
a pledge or any other accessory security right (akzessorische Sicherheit) including the release or confirmation of release of such Collateral.

(b)     
The Collateral Agent may perform any of its duties under this Indenture, the Intercreditor Agreements or the other Collateral Documents
by or through receivers, agents, employees, attorneys-in-fact or with respect to any specified Person, such Person’s Affiliates,
and the respective officers, directors, employees, agents, advisors and attorneys-in-fact of such Person and its Affiliates, (a “Related
Person”) and shall be entitled to advice of counsel concerning all matters pertaining to such duties, and shall be entitled
to act upon, and shall be fully protected in taking action in reliance upon any advice or opinion given by legal counsel. The Collateral
Agent shall not be responsible for the negligence or willful misconduct of any receiver, agent, employee, attorney-in-fact or Related
Person that it selects as long as such selection was made in good faith.

(c)     
Neither the Collateral Agent nor any of its Related Persons shall (i) be liable for any action taken or omitted to be taken by
any of them under or in connection with this Indenture, the Intercreditor Agreements or the other transactions contemplated hereby (except
for its own gross negligence or willful misconduct as determined by a final order of a court of competent jurisdiction) or under or in
connection with any Collateral Document or the transactions contemplated thereby (except for its own gross negligence or willful misconduct
as determined by a final order of a court of competent jurisdiction), or (ii) be responsible in any manner to any of the Trustee or any
Holder for any recital, statement, representation, warranty, covenant or agreement made by the Issuer or any other Grantor or Affiliate
of any Grantor, or any Officer or Related Person thereof, contained in this Indenture, or any other Notes Documents, or in any certificate,
report, statement or other document referred to or provided for in, or received by the Collateral Agent under or in connection with, this
Indenture, the Intercreditor Agreements or the other Collateral Documents, or the validity, effectiveness, genuineness, enforceability
or sufficiency of this Indenture, the Intercreditor Agreements or the other Collateral Documents, or for any failure of any Grantor or
any other party to this Indenture or the Collateral Documents to perform its obligations hereunder or thereunder. Neither the Collateral
Agent nor any of its Related Persons shall be under any obligation to the Trustee or any Holder to ascertain or to inquire as to the observance
or performance of any of the agreements contained in, or conditions of, this Indenture, the Intercreditor Agreements or the other Collateral
Documents or to inspect the properties, books, or records of any Grantor or any Grantor’s Affiliates.

(d)     
The Collateral Agent shall be entitled (in the absence of gross negligence or willful misconduct) to rely, and shall be fully protected
in relying, upon any writing, resolution,

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notice, consent, certificate, affidavit, letter, telegram, facsimile,
certification, telephone message, statement, or other communication, document or conversation (including those by telephone or e-mail)
believed by it to be genuine and correct and to have been signed, sent, or made by the proper Person or Persons, and upon advice and statements
of legal counsel (including, without limitation, counsel to the Issuer or any other Grantor), independent accountants and/or other experts
and advisors selected by the Collateral Agent. The Collateral Agent shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture,
or other paper or document. Unless otherwise expressly required hereunder or pursuant to any Collateral Document, the Collateral Agent
shall be fully justified in failing or refusing to take any action under this Indenture, the Intercreditor Agreements or the other Collateral
Documents unless it shall first receive such written advice or concurrence of the Trustee or the Holders of a majority in aggregate principal
amount of the Notes as it determines and, if it so requests, it shall first be indemnified to its satisfaction by the Holders against
any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. The Collateral
Agent shall in all cases be fully protected from claims by any Holders in acting, or in refraining from acting, under this Indenture,
the Intercreditor Agreements or the other Collateral Documents in accordance with a request, direction, instruction or consent of the
Trustee or the Holders of a majority in aggregate principal amount of the then outstanding Notes and such request and any action taken
or failure to act pursuant thereto shall be binding upon all of the Holders.

(e)     
The Collateral Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, unless
a Responsible Officer of the Collateral Agent shall have received written notice from the Holders or the Issuer referring to this Indenture,
describing such Default or Event of Default and stating that such notice is a “notice of default.” The Collateral Agent shall
take such action with respect to such Default or Event of Default as may be requested by the Trustee in accordance with Article Six or
the Holders of a majority in aggregate principal amount of the Notes (subject to this Section 1508).

(f)     
The Collateral Agent may resign at any time by notice to the Trustee and the Issuer, such resignation to be effective upon the
acceptance of a successor agent to its appointment as Collateral Agent. If the Collateral Agent resigns under this Indenture, the Issuer
shall appoint a successor collateral agent. If no successor collateral agent is appointed prior to the intended effective date of the
resignation of the Collateral Agent (as stated in the notice of resignation), the Issuer shall appoint a successor collateral agent. If
no successor collateral agent is appointed by the Issuer pursuant to the preceding sentence within thirty (30) days after the intended
effective date of resignation (as stated in the notice of resignation) the Collateral Agent shall be entitled to petition a court of competent
jurisdiction to appoint a successor. Upon the acceptance of its appointment as successor collateral agent hereunder, such successor collateral
agent shall succeed to all the rights, powers and duties of the retiring Collateral Agent, and the term “Collateral Agent”
shall mean such successor collateral agent, and the retiring Collateral Agent’s appointment, powers and duties as the Collateral
Agent shall be terminated. After the retiring Collateral Agent’s resignation hereunder, the provisions of this Section 1508 (and
Section 607) shall continue to inure to its benefit and the retiring Collateral Agent shall not by reason of such resignation be
deemed to be released from liability as to any actions taken or omitted to be taken by it while it was the Collateral Agent under this
Indenture. If the Collateral Agent consolidates, merges or converts into, or transfers all or substantially all of its corporate

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trust business to, another corporation, the successor corporation
without any further act will be the successor Collateral Agent.

(g)     
The Issuer and each of the Holders by its acceptance of the Notes, and each beneficial owner of an interest in a Note, hereby authorizes
the Trustee and the Collateral Agent, respectively, to appoint co-Collateral Agents, sub-agents and other additional Collateral Agents
(and, in each case, appointment of such person shall be reflected in documentation, which the Trustee and the Collateral Agent are hereby
authorized to enter into). Except as otherwise explicitly provided herein or in the Collateral Documents, neither the Collateral Agent
nor any of its respective officers, directors, employees or agents or other Related Persons shall be liable for failure to demand, collect
or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any
Collateral upon the request of any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof.
The Collateral Agent shall be accountable only for amounts that it actually receives as a result of the exercise of such powers, and neither
the Collateral Agent nor any of their respective officers, directors, employees or agents shall be responsible for any act or failure
to act hereunder, except for its own gross negligence or willful misconduct as determined by a final order of a court of competent jurisdiction.

(h)     
The Collateral Agent is authorized and directed to (i) enter into the Collateral Documents to which it is party, whether executed
on or after the Initial Issuance Date, (ii) to enter into the Intercreditor Agreements (including any First Lien Other Intercreditor Agreement
or ABL Intercreditor Agreement), (iii) make the representations of the Holders set forth in the Intercreditor Agreements and the other
Collateral Documents, (iv) bind the Holders on the terms as set forth in the Intercreditor Agreements and the other Collateral Documents
and (v) perform and observe its obligations under the Intercreditor Agreements and the other Collateral Documents.

(i)     
 If applicable, the Collateral Agent is each Holder’s agent for the purpose of perfecting the Holders’ security interest
in assets which, in accordance with Article 9 of the Code can be perfected only by possession. Should the Trustee obtain possession of
any such Collateral, upon request from the Issuer, the Trustee shall notify the Collateral Agent thereof and promptly shall deliver such
Collateral to the Collateral Agent or otherwise deal with such Collateral in accordance with the Collateral Agent’s instructions.

(j)     
The Collateral Agent shall not have any obligation whatsoever to the Trustee or any of the Holders to assure that the Collateral
exists or is owned by any Grantor or is cared for, protected, or insured or has been encumbered, or that the Collateral Agent’s
Liens have been properly or sufficiently or lawfully created, perfected, protected, maintained or enforced or are entitled to any particular
priority, or to determine whether all or the Grantor’s property constituting collateral intended to be subject to the Lien and security
interest of the Collateral Documents has been properly and completely listed or delivered, as the case may be, or the genuineness, validity,
marketability or sufficiency thereof or title thereto, or to exercise at all or in any particular manner or under any duty of care, disclosure,
or fidelity, or to continue exercising, any of the rights, authorities, and powers granted or available to the Collateral Agent pursuant
to this Indenture, the Intercreditor Agreements or any other Collateral Document other than pursuant to the instructions of the Trustee
or the Holders of a majority in aggregate principal

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amount of the Notes accompanied by, if requested, indemnity satisfactory
to it or as otherwise provided in the Intercreditor Agreements or the other Collateral Documents, it being understood and agreed that
in respect of the Collateral, or any act, omission, or event related thereto, the Collateral Agent shall not have any other duty or liability
whatsoever to the Trustee or any Holder or any other Collateral Agent as to any of the foregoing.

(k)     
No provision of this Indenture, the Intercreditor Agreements or any other Collateral Document shall require the Collateral Agent
(or the Trustee) to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder
or thereunder or to take or omit to take any action hereunder or thereunder or take any action at the request or direction of Holders
(or the Trustee in the case of the Collateral Agent) unless it shall have first received indemnity satisfactory to the Collateral Agent
against potential costs and liabilities incurred by the Collateral Agent relating thereto. Notwithstanding anything to the contrary contained
in this Indenture, the Intercreditor Agreements or the other Collateral Documents, in the event the Collateral Agent is entitled or required
to commence an action to foreclose or otherwise exercise its remedies to acquire control or possession of the Collateral, the Collateral
Agent shall not be required to commence any such action or exercise any remedy or to inspect or conduct any studies of any property under
the mortgages or take any such other action if the Collateral Agent has determined that the Collateral Agent may incur personal liability
as a result of the presence at, or release on or from, the Collateral or such property, of any hazardous substances unless the Collateral
Agent has received security or indemnity from the Holders in an amount and in a form all satisfactory to the Collateral Agent in its sole
discretion, protecting the Collateral Agent from all such liability. The Collateral Agent shall at any time be entitled to cease taking
any action described in this paragraph (k) if it no longer reasonably deems any indemnity, security or undertaking from the Issuer or
the Holders to be sufficient.

(l)     
The Collateral Agent (i) shall not be liable for any action taken or omitted to be taken by it in connection with this Indenture,
the Intercreditor Agreements and the other Collateral Documents or instrument referred to herein or therein, except to the extent that
any of the foregoing are found by a final, non-appealable judgment of a court of competent jurisdiction to have resulted from its own
gross negligence or willful misconduct, (ii) shall not be liable for interest on any money received by it except as the Collateral Agent
may agree in writing with the Issuer (and money held in trust by the Collateral Agent (a) shall be held uninvested without liability for
interest, unless otherwise agreed in writing, (b) shall be held in a non-interest bearing trust account and (c) not be segregated from
other funds except to the extent required by law) and (iii) may consult with counsel of its selection and the advice or opinion of such
counsel as to matters of law shall be full and complete authorization and protection from liability in respect of any action taken, omitted
or suffered by it in good faith and in accordance with the advice or opinion of such counsel. The grant of permissive rights or powers
to the Collateral Agent shall not be construed to impose duties to act.

(m)     
Neither the Collateral Agent nor the Trustee shall be liable for delays or failures in performance resulting from acts beyond its
control. Such acts shall include but not be limited to acts of God, strikes, lockouts, riots, acts of war, epidemics, governmental regulations
superimposed after the fact, fire, communication line failures, computer viruses, power failures, earthquakes or other disasters. Neither
the Collateral Agent nor the Trustee shall be liable for any indirect, special, punitive, incidental or consequential damages (included
but not limited to lost

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profits) whatsoever, even if it has been informed of the likelihood
thereof and regardless of the form of action.

(n)     
The Collateral Agent does not assume any responsibility for any failure or delay in performance or any breach by the Issuer or
any other Grantor under this Indenture, the Intercreditor Agreements and the other Collateral Documents. The Collateral Agent shall not
be responsible to the Holders or any other Person for any recitals, statements, information, representations or warranties contained in
any Notes Documents or in any certificate, report, statement, or other document referred to or provided for in, or received by the Collateral
Agent under or in connection with, this Indenture, the Intercreditor Agreements or any other Collateral Document; the execution, validity,
genuineness, effectiveness or enforceability of the Intercreditor Agreements and any Collateral Documents of any other party thereto;
the genuineness, enforceability, collectability, value, sufficiency, location or existence of any Collateral, or the validity, effectiveness,
enforceability, sufficiency, extent, perfection or priority of any Lien therein; the validity, enforceability or collectability of any
Indenture Obligations; the assets, liabilities, financial condition, results of operations, business, creditworthiness or legal status
of any obligor; or for any failure of any obligor to perform its Indenture Obligations under this Indenture, the Intercreditor Agreements
and the Collateral Documents. The Collateral Agent shall not have any obligation to any Holder or any other Person to ascertain or inquire
into the existence of any Default or Event of Default, the observance or performance by any obligor of any terms of this Indenture, the
Intercreditor Agreements or the other Collateral Documents, or the satisfaction of any conditions precedent contained in this Indenture,
the Intercreditor Agreements or any other Collateral Documents. No Collateral Agent shall be required to initiate or conduct any litigation
or collection or other proceeding under this Indenture and the Collateral Documents unless expressly set forth hereunder or thereunder.
Without limiting its obligations as expressly set forth herein, the Collateral Agent shall have the right at any time to seek instructions
from the Holders with respect to the administration of the Notes Documents.

(o)     
The parties hereto and the Holders hereby agree and acknowledge that the Collateral Agent shall not assume, be responsible for
or otherwise be obligated for any liabilities, claims, causes of action, suits, losses, allegations, requests, demands, penalties, fines,
settlements, damages (including foreseeable and unforeseeable), judgments, expenses and costs (including but not limited to, any remediation,
corrective action, response, removal or remedial action, or investigation, operations and maintenance or monitoring costs, for personal
injury or property damages, real or personal) of any kind whatsoever, pursuant to any environmental law as a result of this Indenture,
the Intercreditor Agreements, the other Collateral Documents or any actions taken pursuant hereto or thereto. Further, the parties hereto
and the Holders hereby agree and acknowledge that in the exercise of its rights under this Indenture, the Intercreditor Agreements and
the other Collateral Documents, the Collateral Agent may hold or obtain indicia of ownership primarily to protect the security interest
of the Collateral Agent in the Collateral and that any such actions taken by the Collateral Agent shall not be construed as or otherwise
constitute any participation in the management of such Collateral. However, if the Collateral Agent is required to acquire title to an
asset pursuant to this Indenture which in the Collateral Agent’s reasonable discretion may cause the Collateral Agent to be considered
an “owner or operator” under the provisions of the Comprehensive Environmental Response, Compensation and Liability Act (“CERCLA”),
42 U.S.C. §9601, et seq., or otherwise cause the Collateral Agent to incur liability under CERCLA or any equivalent federal, state
or local law, the Collateral

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Agent reserves the right, instead of taking such action, to either
resign as the Collateral Agent or arrange for the transfer of the title or control of the asset to a court-appointed receiver.

(p)     
Upon the receipt by the Collateral Agent of an Officers’ Certificate and an Opinion of Counsel as set forth in this Section
1508(p), the Collateral Agent is hereby authorized to execute and enter into, and shall execute and enter into, without the further consent
of any Holder or the Trustee, any Collateral Document to be executed after the Initial Issuance Date. Any such execution of a Collateral
Document shall be at the direction and expense of the Issuer, upon delivery to the Collateral Agent of an Officers’ Certificate
(which Officers’ Certificate shall instruct the Collateral Agent to execute and enter such Collateral Document) and an Opinion of
Counsel (provided that such opinion may be provided by an employee of the Issuer, a Guarantor or a Restricted Subsidiary, and need
not be provided by an attorney admitted to practice in New York and may assume that the applicable law (including New York law) in respect
of such opinion is identical to Texas law (or the law of any other jurisdiction in which such employee is admitted to practice law)),
in each case, stating (i) it is being delivered to the Collateral Agent pursuant to this Section 1508(p), (ii) the execution and delivery
of such Collateral Document are authorized or permitted by the Indenture and (iii) that all conditions precedent (if any) to the execution
and delivery of the Collateral Document have been satisfied. The Holders, by their acceptance of the Notes, hereby authorize and direct
the Collateral Agent to execute such Collateral Documents.

(q)     
Subject to the provisions of the Intercreditor Agreements and the other Collateral Documents, each Holder, by acceptance of the
Notes, agrees that the Collateral Agent shall execute and deliver the Intercreditor Agreements and the other Collateral Documents to which
it is a party and all agreements, documents and instruments incidental thereto (including any releases permitted hereunder), and act in
accordance with the terms thereof. For the avoidance of doubt, the Collateral Agent shall not be required to exercise discretion under
this Indenture, the Intercreditor Agreements or the other Collateral Documents and shall not be required to make or give any determination,
consent, approval, request or direction without the written direction of the Holders of a majority in aggregate principal amount of the
then outstanding Notes or the Trustee, as applicable, except as otherwise expressly provided for herein or in any Collateral Document.
If the Issuer or any Guarantor (i) incurs ABL Obligations at any time when no ABL Intercreditor Agreement is in effect, and (ii) delivers
to the Collateral Agent an Officers’ Certificate so stating and requesting the Collateral Agent to enter into the ABL Intercreditor
Agreement to effect the lien subordination (solely with respect to ABL Priority Collateral) in favor of a designated agent or representative
for the holders of the ABL Obligations so incurred and the other terms contemplated by the terms of such ABL Obligations, the Collateral
Agent shall (and is hereby authorized and directed to) enter into such ABL Intercreditor Agreement in order to bind the Holders on the
terms set forth therein and perform and observe its obligations thereunder.

(r)     
After the occurrence of an Event of Default, the Trustee may direct the Collateral Agent in connection with any action required
or permitted by this Indenture, the Intercreditor Agreements or the other Collateral Documents.

(s)     
The Collateral Agent is authorized to receive any funds for the benefit of itself, the Trustee and the Holders distributed under
the Intercreditor Agreements and other Collateral

    	 	145	 

     

    

Documents or and to the extent not prohibited under the Intercreditor
Agreements, for turnover to the Trustee to make further distributions of such funds to itself, the Trustee and the Holders in accordance
with the provisions of this Indenture.

(t)     
Subject to the terms of the Collateral Documents, in each case that the Collateral Agent may or is required hereunder or under
any other Notes Document to take any action (an “Action”), including without limitation to make any determination,
to give consents, to exercise rights, powers or remedies, to release or sell Collateral or otherwise to act hereunder or under any other
Notes Document, the Collateral Agent may seek direction from the Holders of a majority in aggregate principal amount of the then outstanding
Notes. The Collateral Agent shall not be liable with respect to any Action taken or omitted to be taken by it in accordance with the direction
from the Holders of a majority in aggregate principal amount of the then outstanding Notes. Subject to the terms of the Collateral Documents,
if the Collateral Agent shall request direction from the Holders of a majority in aggregate principal amount of the then outstanding Notes
with respect to any Action, the Collateral Agent shall be entitled to refrain from such Action unless and until the Collateral Agent shall
have received direction from the Holders of a majority in aggregate principal amount of the then outstanding Notes, and the Collateral
Agent shall not incur liability to any Person by reason of so refraining.

(u)     
Notwithstanding anything to the contrary in this Indenture or any other Notes Document, in no event shall the Collateral Agent
or the Trustee be responsible for, or have any duty or obligation with respect to, the recording, filing, registering, perfection, protection
or maintenance of the security interests or Liens intended to be created by this Indenture or the other Notes Documents (including without
limitation the filing or continuation of any UCC or PPSA financing or continuation statements or similar documents or instruments (or
analogous procedures under the applicable laws in the relevant Covered Jurisdiction)), nor shall the Collateral Agent or the Trustee be
responsible for, and neither the Collateral Agent nor the Trustee makes any representation regarding, the validity, effectiveness or priority
of any of the Collateral Documents or the security interests or Liens intended to be created thereby.

(v)     
Before the Collateral Agent acts or refrains from acting in each case at the request or direction of the Issuer, the Guarantors,
or the Trustee, it may require an Officers’ Certificate and an Opinion of Counsel to its reasonable satisfaction. The Collateral
Agent shall not be liable for any action it takes or omits to take in good faith in reliance on such certificate or opinion.

(w)     
Notwithstanding anything to the contrary contained herein, the Collateral Agent shall act pursuant to the instructions of the Holders
and/or the Trustee solely with respect to the Collateral Documents and the Collateral.

(x)     
The Issuer shall pay compensation to, reimburse expenses of and indemnify the Collateral Agent in accordance with Section 607
hereof, with the references to the “Trustee” in Section 607 hereof deemed to include a reference to the Collateral Agent.

(y)     
The Issuer and each of the Holders by acceptance of the Notes acknowledges and directs that the benefits, indemnities, privileges,
protections, and rights of Collateral Agent shall extend to (and may be claimed directly or by the Collateral Agent on behalf of) each
sub-agent, as the case may be.

    	 	146	 

     

    

		Section 1509.	Quebec Law Matters.

For the purposes of any grant of security under
the laws of the Province of Quebec which may in the future be required to be provided by any Note Party, the Collateral Agent is hereby
irrevocably authorized and appointed by each of the Holders to act as hypothecary representative (within the meaning of Article 2692 of
the Civil Code of Quebec) for all present and future Holders (in such capacity, the “Hypothecary Representative”) in
order to hold any hypothec granted under the laws of the Province of Quebec and to exercise such rights and duties as are conferred upon
the Hypothecary Representative under the relevant deed of hypothec and applicable laws (with the power to delegate any such rights or
duties). Any Person who becomes a Holder or successor Collateral Agent shall be deemed to have consented to and ratified the foregoing
appointment of the Collateral Agent as the Hypothecary Representative on behalf of all Holders, including such Person and any Affiliate
of such Person designated above as a Holder. For greater certainty, the Collateral Agent, acting as the Hypothecary Representative, shall
have the same rights, powers, immunities, indemnities and exclusions from liability as are prescribed in favor of the Collateral Agent
in this Indenture, which shall apply mutatis mutandis. In the event of the resignation of the Collateral Agent (which shall include
its resignation as the Hypothecary Representative) and appointment of a successor Collateral Agent, such successor Collateral Agent shall
also act as the Hypothecary Representative, as contemplated above.

		Section 1510.	Scottish Appointment Matters

The Collateral Agent declares
that it holds in trust for the First Lien Notes Secured Parties, on the terms contained in this Article Fifteen: (A) the Collateral expressed
to be subject to the Liens created in favor of the Collateral Agent as trustee for the First Lien Notes Secured Parties by or pursuant
to each Collateral Document which is governed by or subject to the laws of Scotland, and all proceeds of that Collateral; (B) all obligations
expressed to be undertaken by any Note Party to pay amounts in respect of the Obligations to the Collateral Agent as trustee for the First
Lien Notes Secured Parties and secured by any Collateral Document which is governed by or subject to the laws of Scotland together with
all representations and warranties expressed to be given by any Note Party or any other Person in favor of the Collateral Agent as trustee
for the First Lien Notes Secured Parties; and (C) any other amounts or property, whether rights, entitlements, choses in action or otherwise,
actual or contingent, which the Collateral Agent is required by the terms of the Notes Documents to hold as trustee in trust for the First
Lien Notes Secured Parties.

Without prejudice to the
other provisions of this Article Fifteen, each of the Holders, and by their acceptance of the benefits of the Notes Documents and the
other holders of Indenture Obligations hereby irrevocably authorizes the Collateral Agent to perform the duties, obligations and responsibilities
and to exercise the rights, powers, authorities and discretion specifically given to the Collateral Agent as trustee for the First Lien
Notes Secured Parties under or in connection with the Notes Documents together with any other incidental rights, powers, authorities
and discretions. For the avoidance of doubt, the Collateral Agent in its capacity as trustee for the First Lien Notes Secured Parties
shall have the same rights, powers, immunities, indemnities and exclusions from liability as are prescribed in favor of the Collateral
Agent in this Indenture, which shall apply mutatis mutandis and the use of the term “trustee” in this section is a
matter of Scottish custom and does not impose any obligations on the Collateral Agent to act as a “trustee” under New York
law.

    	 	147	 

     

    

		Section 1511.	Swiss Appointment Matters.

 

In relation to the Collateral
Documents governed by the laws of Switzerland which provide for a non-accessory security interest (nicht-akzessorische Sicherheiten),
the Collateral Agent shall hold and administer and, as the case may be, release and (subject to it having become enforceable) realize
any such Collateral (including any and all benefits in connection with such Collateral Documents and any and all proceeds of such Collateral)
on a fiduciary basis (treuhänderisch) for itself and for the benefit of all other First Lien Notes Secured Parties.

In relation to the Collateral Documents governed
by the laws of Switzerland which provide for an accessory security interest (akzessorische Sicherheiten), the Collateral Agent
shall hold and administer and, as the case may be, release and (subject to it having become enforceable) realize any such Collateral (including
any and all benefits in connection with such Collateral Documents and any and all proceeds of such Collateral) for itself (including as
creditor of the Parallel Debt) and as direct representative (direkter Stellvertreter) in the name and on behalf of each other First
Lien Secured Party and each present and future First Lien Secured Party authorizes the Collateral Agent to act as its direct representative
(direkter Stellvertreter) in relation to any and all matters in connection with such Collateral Documents.

		Section 1512.	Parallel Debt Collateral Matters.

The Collateral Agent is
hereby authorized to execute and deliver any Collateral Document expressed to be governed by the laws of the Netherlands or by the laws
of the Federal Republic of Germany or by the laws of Switzerland and agree with the creation of Parallel Debt obligations as provided
for in Section 1411. The Collateral Agent may resign at any time by notifying the Holders and the Note Parties, provided that the parties
hereto acknowledge and agree that, for purposes of any Collateral Document expressed to be governed by the laws of the Netherlands or
by the laws of the Federal Republic of Germany or by the laws of Switzerland, any resignation by the Collateral Agent is not effective
with respect to its rights and obligations under the Parallel Debts until such rights and obligations are assigned to the successor agent.
The resigning Collateral Agent will reasonably cooperate in assigning its rights under the Parallel Debts to any such successor agent
and will reasonably cooperate in transferring all rights under any Collateral Document expressed to be governed by the laws of the Netherlands
or by the laws of the Federal Republic of Germany or by the laws of Switzerland to such successor agent.

[Signature Pages Follow]

    	 	149	 

     

    

IN WITNESS WHEREOF, the parties hereto
have caused the Indenture to be duly executed as of the day and year first above written.

	 	Weatherford International Ltd., 	 
	 	a Bermuda exempted company	 
	 	 	 	 
	 	By:	/s/ Christine M. Morrison	 
	 	 	Name: Christine M. Morrison 	 
	 	 	Title: Vice President and Assistant Secretary	 
	 	 	 
	 	 	 
	 	Weatherford International, LLC,	 
	 	a Delaware limited liability company	 
	 	 	 	 
	 	By:	/s/ Christine M. Morrison	 
	 	 	Name: Christine M. Morrison	 
	 	 	Title: Vice President and Secretary	 
	 	 	 
	 	 	 
	 	Weatherford International plc,	 
	 	an Irish public limited company	 
	 	 	 	 
	 	By:	/s/ Scott C. Weatherholt	 
	 	 	Name: Scott C. Weatherholt	 
	 	 	Title: Executive Vice President, General	 
	 	 	Counsel and Chief Compliance Officer	 
	 	 	 	 
	 	 	 
	 	Wilmington Trust, National Association	 
	 	as Trustee	 
	 	 	 	 
	 	By:	/s/ Jane Y. Schweiger	 
	 	 	Name: Jane Y. Schweiger	 
	 	 	Title: Vice President	 
	 	 	 
	 	 	 
	 	Wilmington Trust, National Association	 
	 	as Collateral Agent	 
	 	 	 	 
	 	By:	/s/ Jane Y. Schweiger	 
	 	 	Name: Jane Y. Schweiger	 
	 	 	Title: Vice President	 

 

    	 	[Signature Page to Indenture]	 

     

    

 

	 	Advantage R&D, Inc.	 
	 	Benmore In-Depth Corp.	 
	 	Colombia Petroleum Services Corp.	 
	 	Columbia Oilfield supply, Inc.	 
	 	Datalog Acquisition, LLC	 
	 	Discovery Logging, Inc.	 
	 	eProduction Solutions, LLC	 
	 	High Pressure Integrity, Inc.	 
	 	In-Depth Systems, Inc.	 
	 	International Logging LLC	 
	 	International Logging S.A., LLC	 
	 	PD Holdings (USA), L.P.	 
	 	Precision Drilling GP, LLC	 
	 	Precision Energy Services, Inc.	 
	 	Precision Oilfield Services, LLP	 
	 	Tooke Rockies, Inc.	 
	 	Visean Information Services Inc.	 
	 	Visual Systems, Inc.	 
	 	Warrior Well Services, Inc.	 
	 	Weatherford (PTWI), L.L.C.	 
	 	Weatherford Artificial Lift Systems, LLC	 
	 	Weatherford DISC INC.	 
	 	Weatherford Global Services LLC	 
	 	Weatherford Investment Inc.	 
	 	Weatherford Latin America LLC	 
	 	Weatherford Management, LLC	 
	 	Weatherford Technology Holdings, LLC	 
	 	Weatherford U.S., L.P.	 
	 	Weatherford URS Holdings, LLC	 
	 	Weatherford/Lamb, Inc.	 
	 	WEUS Holding, LLC	 
	 	WIHBV LLC	 
	 	
    WUS
    Holding, L.L.C.

     
	 
	 	By:	/s/ Christine M. Morrison	 
	 	 	Name:	Christine M. Morrison	 
	 	 	Title:	Vice President & Secretary	 

 

 

    	 	[Signature Page to Indenture]	 

     

    

 

	 	WEATHERFORD CANADA LTD.	 
	 	PRECISION ENERGY SERVICES COLOMBIA LTD.	 
	 	 	 	 
	 	By:	/s/ Pamela M. Webb	 
	 	Name: Pamela M. Webb	 
	 	Title: Vice President	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD BERMUDA HOLDINGS LTD.	 
	 	 	 	 
	 	By:	/s/ Christine M. Morrison	 
	 	Name: Christine M. Morrison	 
	 	Title: Vice President and Assistant Secretary	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD INTERNATIONAL HOLDING (BERMUDA) LTD.	 
	 	 	 	 
	 	By:	/s/ Christine M. Morrison	 
	 	Name: Christine M. Morrison	 
	 	Title: Vice President and Assistant Secretary	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD SERVICES, LTD.	 
	 	 	 	 
	 	By:	/s/ Christine M. Morrison	 
	 	Name: Christine M. Morrison	 
	 	Title: Vice President and Assistant Secretary	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD HOLDINGS (BERMUDA) LTD.	 
	 	 	 	 
	 	By:	/s/ Christine M. Morrison	 
	 	Name: Christine M. Morrison	 
	 	Title: Vice President and Assistant Secretary	 
	 	 	 	 
	 	 	 
	 	HELIX EQUIPMENT LEASING LIMITED	 
	 	 	 	 
	 	By:	/s/ Christine M. Morrison	 
	 	Name: Christine M. Morrison	 
	 	Title: Vice President and Assistant Secretary	 
	 	 	 	 

 

    	 	[Signature Page to Indenture]	 

     

    

 

	 	KEY INTERNATIONAL DRILLING COMPANY LIMITED	 
	 	 	 	 
	 	By:	/s/ Christine M. Morrison	 
	 	Name: Christine M. Morrison	 
	 	Title: Assistant Secretary	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD HOLDINGS (BVI) LTD.	 
	 	 	 	 
	 	By:	/s/ Mark M. Rothleitner	 
	 	Name: Mark M. Rothleitner	 
	 	Title: Vice President - Treasurer	 
	 	 	 
	 	 	 
	 	WEATHERFORD COLOMBIA LIMITED	 
	 	WEATHERFORD DRILLING INTERNATIONAL HOLDINGS (BVI) LTD.	 
	 	 	 	 
	 	By:	/s/ Christine M. Morrison	 
	 	Name: Christine M. Morrison	 
	 	Title: Vice President and Secretary	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD OIL TOOL MIDDLE EAST LIMITED	 
	 	 	 	 
	 	By:	/s/ Mohammed Dadhiwala	 
	 	Name: Mohammed Dadhiwala	 
	 	Title: Senior Vice President	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD DRILLING INTERNATIONAL (BVI) LTD.	 
	 	 	 	 
	 	By:	/s/ Mohammed Dadhiwala	 
	 	Name: Mohammed Dadhiwala	 
	 	Title: Vice President	 
	 	 	 	 

 

    	 	[Signature Page to Indenture]	 

     

    

 

	 	WEATHERFORD U.K. LIMITED	 
	 	 	 	 
	 	By:	/s/ Richard K. Strachan	 
	 	Name: Richard Strachan	 
	 	Title: Director	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD EURASIA LIMITED	 
	 	 	 	 
	 	By:	/s/ Richard K. Strachan	 
	 	Name: Richard Strachan	 
	 	Title: Director	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD MANAGEMENT COMPANY SWITZERLAND SÀRL	 
	 	 	 	 
	 	By:	/s/ Mathias Neuenschwander	 
	 	Name: Mathias Neuenschwander	 
	 	Title: Managing Officer	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD PRODUCTS GMBH	 
	 	 	 	 
	 	By:	/s/ Mathias Neuenschwander	 
	 	Name: Mathias Neuenschwander	 
	 	Title: Managing Officer	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD SWITZERLAND TRADING AND DEVELOPMENT GMBH	 
	 	 	 	 
	 	By:	/s/ Mathias Neuenschwander	 
	 	Name: Mathias Neuenschwander	 
	 	Title: Managing Officer	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD WORLDWIDE HOLDINGS GMBH	 
	 	 	 	 
	 	By:	/s/ Mathias Neuenschwander	 
	 	Name: Mathias Neuenschwander	 
	 	Title: Managing Officer	 
	 	 	 	 

 

    	 	[Signature Page to Indenture]	 

     

    

 

	 	WOFS INTERNATIONAL FINANCE GMBH	 
	 	 	 	 
	 	By:	/s/ Mathias Neuenschwander	 
	 	Name: Mathias Neuenschwander	 
	 	Title: Managing Officer	 
	 	 	 	 
	 	 	 
	 	WOFS ASSURANCE LIMITED	 
	 	 	 	 
	 	By:	/s/ Scott C. Weatherholt	 
	 	Name: Scott C. Weatherholt	 
	 	Title: President	 
	 	 	 
	 	 	 
	 	Weatherford OIL TOOL GMBH	 
	 	 	 	 
	 	By:	/s/ Kurt Meyer	 
	 	Name: Kurt Meyer	 
	 	Title: Managing Director	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD NETHERLANDS B.V.	 
	 	 	 	 
	 	By:	/s/ Marcus Johannes van Dijk	 
	 	Name: Marcus Johannes van Dijk	 
	 	Title: Managing Director	 
	 	 	 	 
	 	 	 
	 	WEATHERFORD NORGE AS	 
	 	 	 	 
	 	By:	/s/ Geir Egil Olsen	 
	 	Name: Geir Egil Olsen	 
	 	Title: Chairman of the Board	 
	 	 	 	 
	 	 	 
	 	Weatherford Services S. de R.L.	 
	 	 	 	 
	 	By:	/s/ Christine M. Morrison	 
	 	Name: Christine M. Morrison	 
	 	Title: Administrator	 

 

 

    	 	[Signature Page to Indenture]	 

     

    

 

	Weatherford International (Luxembourg) Holdings S.À r.l.
	société à responsabilité limitée	 
	8-10, avenue de la Gare	 
	L-1610 Luxembourg	 
	R.C.S. Luxembourg B146.622	 
	 	 	 
	By:	/s/ Mathias Neuenschwander	 
	Name: Mathias Neuenschwander	 
	Title: Manager A	 
	 	 	 

 

 

 

 

    	 	[Signature Page to Indenture]	 

     

    

 

SIGNED for and on behalf of

WEATHERFORD IRISH HOLDINGS LIMITED

by its lawfully appointed attorney:

 

 

	 	 	/s/ Chistine M. Morrison	 
	 	 	Signature of Attorney	 
	 	 	 	 
	in the presence of:	 	Christine M. Morrison	 
	 	 	Print Name of Attorney	 
	/s/ Jonathan B. Wolens	 		 
	Signature of Witness	 		 
	 	 	 	 
	Jonathan B. Wolens	 		 
	Print Name of Witness	 		 
	 	 	 	 
	2000 St. James Place, Houston, TX 77056 U.S.A.	 	 	 
	Address of Witness	 	 	 
	 	 	 	 
	Lawyer	 	 	 
	Occupation of Witness	 	 	 

 

 

 

 

    	 	[Signature Page to Indenture]	 

     

    

 

	 	Executed by WEATHERFORD AUSTRALIA PTY LIMITED ACN 008 947 395 in accordance with section 127 of the Corporation Act
    2001 (Cth):	 
	 	 	 	 
	 	By:	/s/ Bruno Teixeira Bezerra	 
	 	Name: Bruno Teixeira Bezerra	 
	 	Title:   Director	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Robert Antonio DeGasperis	 
	 	Name: Robert Antonio DeGasperis	 
	 	Title:   Director	 

 

 

 

 

    	 	[Signature Page to Indenture]	 

     

    

 

	 	WEATHERFORD INDUSTRIA E COMERCIO LTDA.	 
	 	 	 	 
	 	By:	/s/ Alexandre Junior da Silva Nogueira	 
	 	Name: 	Alexandre Junior da Silva Nogueira	 
	 	Title:	Officer	 

 

 

 

 

    	 	[Signature Page to Indenture]	 

     

    

 

	 	WEATHERFORD DE MEXICO, S. DE R.L. DE C.V.	 
	 	 	 	 
	 	By:	/s/ Rafael Jose Angeli Arab	 
	 	Name: Rafael Jose Angeli Arab	 
	 	Title: Attorney-in-fact	 
	 	 	 	 
	 	 	 
	 	PD OILFIELD SERVICES MEXICANA, S. DE R.L. DE C.V.	 
	 	 	 	 
	 	By:	/s/ Rafael Jose Angeli Arab	 
	 	Name: Rafael Jose Angeli Arab	 
	 	Title: Attorney-in-fact	 

 

 

 

 

    	 	[Signature Page to Indenture]	 

     

    

ANNEX A

CUSIP

ISIN

[Form of Face of Note]

[Insert the Restricted Notes Legend, if applicable.]

[If a Global Note, insert the Global Note
Legend.]

[If a Note issued with “Original Issue
Discount,” insert the OID Legend.]

WEATHERFORD INTERNATIONAL, LTD.

6.500% Senior Secured First Lien Note due 2028

	No. ___	 	$

Weatherford International Ltd., a Bermuda exempted
company (herein called the “Issuer,” which term includes any successor Person under the Indenture hereinafter referred to),
for value received, hereby promises to pay to Cede & Co., or registered assigns, the principal sum ofU.S. dollars on September
15, 2028, or such greater or lesser amount as may be indicated on the Schedule of Exchanges of Interests in the Global Note attached hereto,
and to pay interest thereon from September 30, 2021 or from the most recent Interest Payment Date to which interest has been paid or duly
provided for, semi-annually on March 15 and September 15 in each year, commencing March 15, 2022, at the rate of 6.500% per annum, until
the principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Notes)
is registered at the close of business on the Regular Record Date for such interest, which shall be March 1 or September 1 (whether or
not a Business Day), as the case may be, next preceding such Interest Payment Date. The Issuer shall pay (i) Defaulted Interest (including
post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand
at a rate that is 2% higher than the applicable interest rate on the Notes to the extent lawful and (ii) Defaulted Interest (including
post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable
grace periods) from time to time on demand at the rate that is 2% higher than the applicable interest rate on the Notes to the extent
lawful. Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day months.

If the Holder of this Note has given wire transfer
instructions to the Trustee at least ten Business Days prior to the applicable payment date, the Issuer will make all payments on this
Note by wire transfer of immediately available funds to the account in the United States of America specified in those instructions. Otherwise,
payment of the principal of (and premium, if any) and any such interest on this Note will be made at the office or agency of the Issuer
maintained for that purpose in the United States of America in such coin or currency of the United States of America as at the time of
payment is legal tender for payment of public and

    	 	A-1	 

     

    

private debts; provided, however,
that, at the option of the Issuer, payment of interest may be made by check mailed to the address of the Person entitled thereto as such
address shall appear in the Security Register.

Reference is hereby made to the further provisions
of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at
this place.

Unless the certificate of authentication hereon
has been manually signed in the name of the Trustee referred to on the reverse hereof by an authorized signatory, this Note shall not
be entitled to any benefit under the Indenture or be valid or obligatory for any purpose.

    	 	A-2	 

     

    

IN WITNESS WHEREOF, the Issuer has caused this
Note to be duly executed by its undersigned officer.

	 	WEATHERFORD INTERNATIONAL LTD.,	 
	 	a Bermuda exempted company	 
	 	 	 	 
	 	By:	              	 

 

Trustee’s Certificate of Authentication

This is one of the 6.500% Senior Secured First
Lien Notes due 2028 referred to in the within-mentioned Indenture.

	 	Wilmington Trust, National Association, 	 
	 	as Trustee	 
	 	 	 	 
	 	By:	 	 
	 	 	Authorized Signatory	 

 

Dated:

 

    	 	A-3	 

     

    

[Form of Reverse of Note]

This Note is one of a duly authorized series
of securities of the Issuer (herein called the “Notes”), issued under an Indenture, dated as of September 30, 2021 (the “Indenture”)
among the Issuer, the Guarantors named therein, Wilmington Trust, National Association, as Trustee (herein called the “Trustee,”
which term includes any successor trustee under the Indenture), and Wilmington Trust, National Association, as Collateral Agent, and reference
is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the
Issuer, the Guarantors, the Trustee, the Collateral Agent and the Holders of the Notes and of the terms upon which the Notes are, and
are to be, authenticated and delivered. In the event of any conflict between the provisions of this Note and the provisions of the Indenture,
the provisions of the Indenture shall control.

Except as set forth below and in the Indenture,
the Issuer shall not have the option to redeem the Notes prior to September 15, 2024. On or after September 15, 2024, on any one or more
occasions, the Issuer shall have the option to redeem the Notes, in whole or in part at any time, at the redemption prices (expressed
as percentages of principal amount of the Notes redeemed) set forth below, plus accrued and unpaid interest on the Notes redeemed to,
but excluding, the applicable redemption date (subject to the right of Holders of record on the relevant record date to receive interest
due on an interest payment date that is on or prior to the redemption date), if redeemed during the twelve-month period beginning on September
15 of the years indicated below:

	YEAR	PERCENTAGE
	2024	103.250%
	2025	101.625%
	2026 and thereafter	100.000%

Notwithstanding the preceding paragraphs, at
any time and from time to time prior to September 15, 2024, the Issuer may redeem in the aggregate up to 35% of the original aggregate
principal amount of the Notes (calculated after giving effect to any issuance of Additional Notes) in an amount not to exceed the amount
of net cash proceeds of one or more Equity Offerings, at a redemption price (expressed as a percentage of principal amount thereof) of
106.500%, plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date (subject to the right of Holders
of record on the relevant record date to receive interest due on an interest payment date that is on or prior to the redemption date);
provided, however, that at least 50.0% of the original aggregate principal amount of the Notes (calculated after giving effect to any
issuance of Additional Notes) must remain outstanding after each such redemption; provided, further, that such redemption shall occur
within 180 days after the date on which any such Equity Offering is consummated upon not less than 10 nor more than 60 days’ notice
mailed by the Issuer to each Holder of Notes being redeemed, or delivered electronically if held by DTC, and in accordance with the procedures
set forth in the Indenture.

 

    	 	A-4	 

     

    

Notwithstanding the preceding paragraphs, during each
twelve (12) month period commencing on the Initial Issuance Date and ending on September 15, 2024, but only if at each such time the Issuer
shall have either redeemed or otherwise refinanced all the Unsecured Notes with Refinancing Indebtedness permitted hereunder, the Issuer
may on one or more occasions redeem in the aggregate up to 10% of the original aggregate principal amount of the Notes (calculated after
giving effect to any issuance of Additional Notes) at a redemption price (expressed as a percentage of principal amount thereof) of 103.000%,
plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date (subject to the right of Holders of record
on the relevant record date to receive interest due on an interest payment date that is on or prior to the redemption date); provided,
however, that such redemption shall occur upon not less than 10 nor more than 60 days’ notice mailed by the Issuer to each Holder
of Notes being redeemed, or delivered electronically if held by DTC, and in accordance with the procedures set forth in the Indenture.

 

Prior to September 15, 2024, the Issuer may
redeem on one or more occasions all or part of the Notes at a redemption price equal to the sum of:

(A)            
the principal amount thereof, plus

(B)             
the Make Whole Premium at the redemption date, plus

(C)             
accrued and unpaid interest, if any, to, but excluding, the redemption date (subject to the right of Holders of record on
the relevant record date to receive interest due on an interest payment date that is on or prior to the redemption date).

The Notes may also be redeemed, as a whole,
at the Issuer’s option, following Change of Control Offers, at the respective Redemption Prices and subject to the conditions set
forth in Sections 1103(e) and 1007 of the Indenture, respectively.

Notice of any redemption upon any corporate
transaction or other event (including any offering of Equity Interests, incurrence of Indebtedness, Change of Control or other transaction)
may be given prior to the completion thereof. In addition, any redemption or notice thereof may, at the Issuer’s discretion, be
subject to one or more conditions precedent, including, but not limited to, completion of a corporate transaction or other event. If any
redemption is so subject to the satisfaction of one or more conditions precedent, the notice thereof shall describe each such condition
and, if applicable, shall state that, in the Issuer’s discretion, the Redemption Date may be delayed until such time as any or all
such conditions shall be satisfied (or waived by the Issuer in its sole discretion), and/or such redemption may not occur and such notice
may be rescinded in the event that any or all such conditions shall not have been satisfied (or waived by the Issuer in its sole discretion)
by the Redemption Date, or by the Redemption Date as so delayed, and/or that such notice may be rescinded at any time by the Issuer if
the Issuer determines in its sole discretion that any or all of such conditions will not be satisfied (or waived). In addition, the Issuer
may provide in such notice that payment of the redemption price and performance of the Issuer’s obligations with respect to such
redemption may be performed by another Person.

    	 	A-5	 

     

    

In the event of redemption of this Note in part
only, a new Note or Notes of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation
hereof.

The Indenture contains provisions for defeasance
at any time of the entire indebtedness of this Note as well as certain restrictive covenants and Events of Default, as well as provisions
for the satisfaction and discharge of the Indenture, in each case upon compliance with certain conditions set forth in the Indenture.

The Indenture permits, with certain exceptions
as therein provided, the amendment thereof and the modification of the rights and obligations of the Issuer and the rights of the Holders
of the Notes to be affected under the Indenture at any time by the Issuer, the Parent Guarantor, Weatherford Delaware, the Trustee and
the Collateral Agent, if applicable, with the consent of the Holders of a majority in aggregate principal amount of the then Outstanding
Notes affected thereby (voting as a separate series). The Indenture also contains provisions permitting the Holders of specified percentages
in aggregate principal amount of the Outstanding Notes, on behalf of the Holders of all Notes, to waive compliance with certain covenants
or provisions of the Indenture and certain existing defaults under the Indenture and their consequences. Any such consent or waiver by
the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued
upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Note.

In determining whether the Holders of the required
principal amount of Outstanding Notes have concurred in any direction, waiver, consent, approval or other action of Holders, Notes owned
by the Issuer, any Guarantor or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control
with the Issuer or any Guarantor shall be disregarded, except that Notes owned by Specified Holders (as defined in the Indenture) shall
not be so disregarded.

If an Event of Default shall occur and be continuing,
the Notes may be declared (or shall automatically become) due and payable in the manner and with the effect provided in the Indenture.

As provided in and subject to the provisions
of the Indenture, the Holder of this Note shall not have the right to institute any proceeding with respect to the Indenture or the Notes,
or for the appointment of a receiver or trustee, or for any other remedy thereunder, unless such Holder gives the Trustee written notice
of a continuing Event of Default, the Holders of at least 25% in aggregate principal amount of the Outstanding Notes make a written request
to the Trustee to pursue the remedy and offer and, if requested, provide the Trustee security or indemnity satisfactory to the Trustee,
the Trustee does not comply with the request within 60 days after receipt of the request and the offer of security or indemnity, and during
such 60-day period the Holders of a majority in aggregate principal amount of the Outstanding Notes do not give the Trustee a direction
that is inconsistent with such request. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement
of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.

    	 	A-6	 

     

    

No reference herein to the Indenture and no
provision of this Note or of the Indenture shall alter or impair the obligation of the Issuer, which is absolute and unconditional, to
pay the principal of and any premium and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed.

As provided in the Indenture and subject to
certain limitations therein set forth, the transfer of this Note is registrable in the Security Register, upon surrender of this Note
for registration of transfer at the office of the Registrar, duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to the Issuer and the Registrar duly executed by, the Holder hereof or its attorney duly authorized in writing, and thereupon
one or more new Notes of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated
transferee or transferees.

The Notes are issuable only in registered form
without coupons in minimum denominations of $2,000 and any integral multiple of $1,000 in excess thereof. As provided in the Indenture
and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of like tenor
of a different authorized denomination, as requested by the Holder surrendering the same.

No service charge shall be made for any such
registration of transfer or exchange, but the Issuer may require payment of a sum sufficient to cover any transfer tax or similar governmental
charge, subject to the exceptions set forth in the Indenture.

Prior to due presentment of this Note for registration
of transfer, the Issuer, the Guarantors, the Trustee, the Collateral Agent and any agent of the Issuer, the Guarantors, the Trustee or
the Collateral Agent may treat the Person in whose name this Note is registered as the owner hereof for all purposes (except as required
by applicable tax laws), whether or not this Note be overdue, and neither the Issuer, the Guarantors, the Trustee, the Collateral Agent
nor any such agent shall be affected by notice to the contrary.

No director, officer, employee, incorporator
or shareholder of the Issuer or any Guarantor, as such, shall have any liability for any indebtedness, obligations or liabilities of the
Issuer under the Notes or the Indenture or of any Guarantor under its Guarantee or for any claim based on, in respect of, or by reason
of, such indebtedness, obligations or liabilities or their creation. Each Holder by accepting a Note waives and releases all such liability.
The waiver and release are part of the consideration for issuance of the Notes and the Guarantees.

All terms used in this Note which are defined
in the Indenture but not defined herein shall have the meanings assigned to them in the Indenture.

The Notes, the Guarantees and the Indenture
shall be governed by and construed in accordance with the laws of the State of New York.

The Issuer will furnish to any Holder upon written
request and without charge a copy of the Indenture and the other Notes Documents. Requests may be made to the Issuer at the following
address:

[insert Issuer’s contact point to receive
the request]

    	 	A-7	 

     

    

ASSIGNMENT FORM

To assign this Note, fill in the form below:

	(I)     or (we) assign and transfer this Security to:	 
	 	(Insert assignee’s legal name)
	 
	 
	(Insert assignee’s soc. sec. or tax I.D. no.)
	 
	 
	 
	 
	(Print or type assignee’s name, address and zip code)
	 
	and irrevocably appoint ________ to transfer this Note on the books of the Issuer.  The agent may
    substitute another to act for him.
	 
	Date:		_______________
	 	 	 
	 	Your Signature:	 
	 	 	(Sign exactly as your name appears on the face of this Note)
	 	 	 
	Signature Guarantee:*	 	 
	 	 	 
	In connection with any transfer or exchange of any of the Notes evidenced by this certificate occurring prior to the date that is one year (or 40 days in the case of any Notes issued pursuant to Regulation S) after the later of the date of original issuance of such Notes and the last date, if any, on which such Notes were owned by the Issuer or any Affiliate of the Issuer, the undersigned confirms that such Notes are being:
	 
	CHECK ONE BOX BELOW:

 

	 	(1)	☐	acquired for the undersigned’s own account, without transfer; or
	 	 	 	 
	 	(2)	☐	transferred to the Parent Guarantor or any Subsidiary thereof; or
	 	 	 	 
	 	(3)	☐	transferred pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”); or
	 	 	 	 

 

 

 

* Participant in a recognized Signature Guarantee Medallion Program (or other
signature guarantor acceptable to the Trustee).

 

    	 	A-8	 

     

    

	 	(4)	☐	transferred pursuant to an effective registration statement under the Securities Act; or
	 	 	 	 
	 	(5)	☐	transferred pursuant to and in compliance with Regulation S under the Securities Act; or
	 	 	 	 
	 	(6)	☐	transferred to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act), that has furnished to the Trustee a signed letter containing certain representations and agreements (the form of which letter appears as Annex C to the Indenture); or
	 	 	 	 
	 	(7)	☐	transferred pursuant to another available exemption from the registration requirements of the Securities Act.

 

Unless one of the boxes is checked, the Trustee
will refuse to register any of the Notes evidenced by this certificate in the name of any person other than the registered Holder thereof;
provided, however, that if box (5), (6) or (7) is checked, the Issuer may require, prior to registering any such transfer of the Notes,
in its sole discretion, such legal opinions, certifications and other information as the Issuer may reasonably request to confirm that
such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities
Act, such as the exemption provided by Rule 144 under the Securities Act.

	 	 	 
	 	Signature	 

 

	Signature Guarantee:†	 
	 	 
	 	 
	(Signature must be guaranteed)	 

 

TO BE COMPLETED BY PURCHASER IF BOX (3) ABOVE IS CHECKED.

The undersigned represents and warrants that
it is purchasing this Note for its own account or an account with respect to which it exercises sole investment discretion and that it
and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933,
as amended, and is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information
regarding the Issuer as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that
it is aware that the transferor is relying upon the undersigned’s foregoing representations in order to claim the exemption from
registration provided by Rule 144A.

	 	 	 
	 	Dated:	 

 

 

 

 

†  Participant in a recognized
Signature Guarantee Medallion Program (or other signature guarantor acceptable to the Trustee).

 

    	 	A-9	 

     

    

Option of Holder to Elect Purchase

If you want to elect to have this Note purchased
by the Issuer pursuant to Section 1007 or Section 1012 of the Indenture, check the appropriate box below:

	☐	Section 1007	☐	Section 1012

If you want to elect to have only part of the
Note purchased by the Issuer pursuant to Section 1007 or Section 1012 of the Indenture, state the amount you elect to have purchased:

$____________

	Date: ____________	 	 	Your Signature:	 	 
	 	 	 	 	 	 
	 	 	 	(Sign exactly as your name appears on the face of this Note)	 
	 	 	 	 	 	 
	 	 	 	Tax Identification No.:	 	 
	Signature Guarantee:*	 	 	 	 	 

 

 

 

 

* Participant in a recognized Signature Guarantee Medallion Program
(or other signature guarantor acceptable to the Trustee).

    	 	A-10	 

     

    

SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL
NOTE*

The following exchanges of a part of this Global
Note for other Notes have been made:

	Date of Exchange	 	Amount of decrease in Principal Amount of this Global Note	 	Amount of increase in Principal Amount of this Global Note	 	
    Principal Amount of this Global Note following such decrease

    (or increase)
	 	Signature of authorized signatory of Trustee or Custodian
	 	 	 	 	 	 	 	 	 
	 
	* This schedule should be included only if the Note is issued in global form.

 

    	 	A-11	 

     

    

ANNEX B

FORM OF SUPPLEMENTAL
INDENTURE

TO BE DELIVERED
BY FUTURE SUBSIDIARY GUARANTORS

This
Supplemental indenture (this “Supplemental Indenture”), dated as of   , 20  , is among [Name of Future Subsidiary Guarantor]
(the “New Subsidiary Guarantor”), a subsidiary of Weatherford International plc, an Irish public limited company [or its permitted
successor] (the “Parent Guarantor”), Weatherford International, LLC, a Delaware limited liability company (“Weatherford
Delaware”), Weatherford International Ltd., a Bermuda exempted company (the “Issuer”), the Parent Guarantor and Wilmington
Trust, National Association, as trustee under the Indenture referred to herein (in such capacity, the “Trustee”) and as Collateral
Agent (in such capacity, the “Collateral Agent”). The New Subsidiary Guarantor and the existing Subsidiary Guarantors are
sometimes referred to collectively herein as the “Subsidiary Guarantors,” or individually as a “Subsidiary Guarantor.”

W I T N E S S E T H:

WHEREAS, the Issuer, the Parent Guarantor, Weatherford
Delaware, the Trustee and the Collateral Agent are parties to an Indenture, dated as of September 30, 2021 relating to the 6.500% Senior
Secured First Lien Notes due 2028 (the “Notes”) of the Issuer;

WHEREAS, Section 1014 of the Indenture
obligates or permits the Issuer to cause certain Restricted Subsidiaries to become Subsidiary Guarantors by executing a supplemental indenture
as provided in such Section; and

WHEREAS, pursuant to Section 901 of the
Indenture, the Issuer, the Parent Guarantor, Weatherford Delaware, the Trustee and the Collateral Agent are authorized to execute and
deliver this Supplemental Indenture to amend or supplement the Indenture without the consent of any Holder;

NOW, THEREFORE, to comply with the provisions
of the Indenture and in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
the New Subsidiary Guarantor, the Issuer, the Parent Guarantor, Weatherford Delaware, the Trustee and the Collateral Agent mutually covenant
and agree for the equal and ratable benefit of the Holders of the Notes as follows:

1.       CAPITALIZED
TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.

2.       AGREEMENT
TO GUARANTEE. The New Subsidiary Guarantor hereby agrees, jointly and severally, with the Parent Guarantor and all other Subsidiary Guarantors,
to fully and unconditionally guarantee to each Holder, the Trustee and the Collateral Agent the Indenture Obligations, to the extent set
forth in Article Fourteen of the Indenture and subject to the provisions thereof. The obligations of the Subsidiary Guarantors to the
Holders of Notes, the Trustee and the Collateral Agent pursuant to the Subsidiary Guarantees are expressly set forth in Article Fourteen
of the Indenture, and reference is hereby made to such Article for the precise terms of the Subsidiary Guarantees.

    	 	B-1	 

     

    

 

3.       NEW
YORK LAW TO GOVERN. THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE AND ENFORCE THIS SUPPLEMENTAL INDENTURE.

4.       COUNTERPARTS.
The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together
represent the same agreement. This Supplemental Indenture may be executed in multiple counterparts which, when taken together, shall constitute
one instrument.

5.       EFFECT
OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.

6.       THE
TRUSTEE AND THE COLLATERAL AGENT. Except as otherwise expressly provided herein, no duties, responsibilities or liabilities are assumed,
or shall be construed to be assumed, by the Trustee or the Collateral Agent by reason of this Supplemental Indenture. This Supplemental
Indenture is executed and accepted by the Trustee and the Collateral Agent subject to all the terms and conditions set forth in the Indenture
with the same force and effect as if those terms and conditions were repeated at length herein and made applicable to the Trustee and
the Collateral Agent with respect hereto.

[Remainder of Page Intentionally Left
Blank.

Signature Page Follows.]

    	 	B-2	 

     

    

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

Dated: _________, 20__

	 	[NEW SUBSIDIARY GUARANTOR]	 
	 	 	 	 
	 	By:	  	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	Weatherford International Ltd.	 
	 	a Bermuda exempted company	 
	 	 	 	 
	 	By:	  	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	Weatherford International, LLC	 
	 	a Delaware limited liability company	 
	 	 	 	 
	 	By:	  	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	Weatherford International plc	 
	 	an Irish public limited company	 
	 	 	 	 
	 	By:	  	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	Wilmington Trust, National Association,	 
	 	as Trustee	 
	 	 	 	 
	 	By:	  	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	Wilmington Trust, National Association,	 
	 	as Collateral Agent	 
	 	 	 	 
	 	By:	  	 
	 	 	Name:	 
	 	 	Title:	 

 

    	 	B-3	 

     

    

ANNEX C

FORM OF CERTIFICATE
TO BE DELIVERED IN CONNECTION WITH

TRANSFERS TO INSTITUTIONAL ACCREDITED INVESTORS

[Date]

Weatherford International Ltd.

c/o Weatherford International, LLC

2000 St. James Place

Houston, Texas 77056

Attention: Corporate Secretary

 

Wilmington Trust, National Association

Global Capital Markets

50 South Sixth Street, Suite 1290

Minneapolis, Minnesota 55402

Attention: Weatherford International Ltd. Administrator

 

Ladies and Gentlemen:

This certificate is delivered to request a transfer
of $[            ] principal amount of the 6.500% Senior Secured First Lien Notes due 2028 (the “Securities”) of Weatherford International
Ltd., a Bermuda exempted company (the “Company”).

Upon transfer, the Securities would be registered
in the name of the new beneficial owner as follows:

Name: _____________________________

Address: ___________________________

Taxpayer ID Number: __________________

The undersigned represents and warrants to you
that:

1.       We
are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933,
as amended (the “Securities Act”)) purchasing for our own account or for the account of such an institutional “accredited
investor” at least $250,000 principal amount of the Securities, and we are acquiring the Securities not with a view to, or for offer
or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and
business matters as to be capable of evaluating the merits and risk of our investment in the Securities and we invest in or purchase securities
similar to the Securities in the normal course of our business. We and any accounts for which we are acting are each able to bear the
economic risk of our or its investment.

2.       We
understand that the Securities have not been registered under the Securities Act and, unless so registered, may not be sold except as
permitted in the following sentence. We

    	 	C-1	 

     

    

agree on our own behalf and on behalf of any investor account for
which we are purchasing Securities to offer, sell or otherwise transfer such Securities prior to the date that is one year after the
later of the date of original issue and the last date on which the Company or any affiliate of the Company was the owner of such Securities
(or any predecessor thereto) (the “Resale Restriction Termination Date”) only (a) to the Company or any Subsidiary thereof,
(b) pursuant to an effective registration statement under the Securities Act, (c) in a transaction complying with the requirements of
Rule 144A under the Securities Act, to a person we reasonably believe is a “qualified institutional buyer” under Rule 144A
of the Securities Act (a “QIB”) that is purchasing for its own account or for the account of a QIB and to whom notice is
given that the transfer is being made in reliance on Rule 144A, (d) pursuant to offers and sales to non-U.S. persons that occur outside
the United States within the meaning of Regulation S under the Securities Act, (e) to an institutional “accredited investor”
within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act that is purchasing for its own account or for the account
of such an institutional “accredited investor,” in each case in a minimum principal amount of Securities of $250,000 for
investment purposes and not with a view to or for offer or sale in connection with any distribution in violation of the Securities Act
or (f) pursuant to any other available exemption from the registration requirements of the Securities Act, subject in each of the foregoing
cases to any requirement of law that the disposition of our property or the property of such investor account or accounts be at all times
within our or their control and in compliance with any applicable state securities laws. The foregoing restrictions on resale will not
apply subsequent to the Resale Restriction Termination Date. If any resale or other transfer of the Securities is proposed to be made
pursuant to clause (e) above prior to the Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee
substantially in the form of this letter to the Company and the Trustee, which shall provide, among other things, that the transferee
is an institutional “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act)
and that it is acquiring such Securities for investment purposes and not for distribution in violation of the Securities Act. Each purchaser
acknowledges that the Company and the Trustee reserve the right prior to any offer, sale or other transfer prior to the Resale Termination
Date of the Securities pursuant to clause (e) or (f) above to require the delivery of an Opinion of Counsel, certifications and/or other
information satisfactory to the Company and the Trustee.

 

3.       We
[are][are not] an Affiliate of the Company.

	 	TRANSFEREE:	 	 
	 	 	 	 
	 	By:	 	 

 

    	 	C-2	 

     

    

ANNEX D

FORM OF CERTIFICATE
TO BE DELIVERED IN CONNECTION WITH

TRANSFERS PURSUANT TO REGULATION S

[Date]

Weatherford International Ltd.

c/o Weatherford International, LLC

2000 St. James Place

Houston, Texas 77056

Attention: Corporate Secretary

Wilmington Trust, National Association

Global Capital Markets

50 South Sixth Street, Suite 1290

Minneapolis, Minnesota 55402

Attention: Weatherford International Ltd. Administrator

		Re:	Weatherford International Ltd. (the “Company”) 6.500% Senior Secured First Lien Notes due 2028 (the “Securities”)

Ladies and Gentlemen:

In connection with our proposed sale of $[   ]
aggregate principal amount of the Securities, we confirm that such sale has been effected pursuant to and in accordance with Regulation
S under the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, we represent that:

(a)       the
offer of the Securities was not made to a person in the United States;

(b)       either
(i) at the time the buy order was originated, the transferee was outside the United States or we and any person acting on our behalf reasonably
believed that the transferee was outside the United States or (ii) the transaction was executed in, on or through the facilities of a
designated off-shore securities market and neither we nor any person acting on our behalf knows that the transaction has been pre-arranged
with a buyer in the United States;

(c)       no
directed selling efforts have been made in the United States in contravention of the requirements of Rule 903(a)(2) or Rule 904(a)(2)
of Regulation S, as applicable; and

(d)       the
transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act.

In addition, if the sale is made during a restricted
period and the provisions of Rule 903(b)(2), Rule 903(b)(3) or Rule 904(b)(1) of Regulation S are applicable thereto, we confirm

    	 	D-1	 

     

    

that such sale has been made in accordance with the applicable provisions
of Rule 903(b)(2), Rule 903(b)(3) or Rule 904(b)(1), as the case may be.

 

We also hereby certify that we [are][are not]
an Affiliate of the Company and, to our knowledge, the transferee of the Securities [is][is not] an Affiliate of the Company.

You are entitled to rely conclusively upon this
letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings
or official inquiry with respect to the matters covered hereby. Terms used in this certificate have the meanings set forth in Regulation
S.

	 	Very truly yours,	 
	 	 	 	 
	 	[Name of Transferor]	 
	 	 	 	 
	 	By:	  	 
	 	 	Authorized Signatory	 

 

    	 	D-2	 

     

    

 

ANNEX E

 COLLATERAL REQUIREMENTS

 

In each case, subject to the Applicable
Collateral Limitations:

 

PART I

 

Foreign Collateral Grants and Perfection
Requirements – BVI and England

 

The applicable Note Parties organized
or formed under the laws of the British Virgin Islands or England, as applicable (the “BVI/English Note Parties”),
shall cause to be delivered to the Collateral Agent not later than thirty (30) days after the Initial Issuance Date (or such later date
as agreed by the Majority Holders), (a) Collateral Documents governed by the laws of the British Virgin Islands or England, as applicable
(other than Collateral Documents described in Part II below that are to be executed by Note Parties organized or formed in jurisdictions
outside the British Virgin Islands and England as well as the BVI/English Note Parties), in favor the Collateral Agent corresponding to
the Collateral Documents, in each case disclosed in a collateral document list delivered to the Collateral Agent on behalf of the Note
Parties prior to the Initial Issuance Date, that are governed by the laws of the British Virgin Islands or England, as applicable, and
granted solely by the BVI/English Note Parties in favor of the LC Credit Agreement Agent in connection with the LC Credit Agreement on
or prior to such date, and (b) legal opinions in form and substance customary in such jurisdictions relating to the due authorization,
execution and delivery of such agreements, enforceability thereof, and related grant and perfection matters as are customary in such jurisdictions;
provided that all such Collateral Documents and legal opinions delivered to the Collateral Agent pursuant to this section shall
be in a form substantially similar to the corresponding Collateral Documents and legal opinions delivered in favor of the LC Credit Agreement
Agent.

 

PART II

 

Real Estate Deliverables – United States

 

Not later than (i) in the case of the Initial
Issuance Date Real Property located in the United States (other than such property located in Katy, Texas), forty-five (45) days
after the Initial Issuance Date, (ii) in the case of the Initial Issuance Date Real Property located in Katy, Texas (other than the
71.9 acre undeveloped tract thereof (the “71.9 Acre Katy Parcel”) previously identified by the Notes Parties to
the Collateral Agent) that is owned by one or more Note Parties on January 1, 2022 (if any), forty-five (45) days after such date
(to the extent still so owned at such time) and (iii)   in
the case of the 71.9 Acre Katy Parcel owned by one or more Note Parties on January 1, 2022 (if any), ninety (90) days after such
date (to the extent still so owned at such time) (or, in the case of each of clauses (i) through (iii), such later date as agreed by
the Majority Holders) the applicable Note Parties shall cause to be delivered to the Collateral Agent the following agreements and
other instruments for the Initial Issuance Date Real Property located in the United States:

 

    	 	E-1	 

     

    

 

		1.	Mortgages. A Mortgage encumbering real property constituting Initial Issuance
Date Real Property located in the United States, duly executed and acknowledged by each Note Party that is the owner of or holder of any
interest in such Initial Issuance Date Real Property, and otherwise in form for recording in the recording office of each applicable political
subdivision where such Initial Issuance Date Real Property is situated, together with such certificates, affidavits, questionnaires or
returns as shall be required in connection with the recording or filing thereof to create a lien under applicable law, and such financing
statements and any other instruments necessary to grant a mortgage lien under the laws of any applicable jurisdiction, all of which shall
be in a form substantially similar to the mortgages, deeds of trust, financing statements and other instruments granted with respect to
such Initial Issuance Date Real Property in favor of the LC Credit Agreement Agent in connection with the LC Credit Agreement; and

 

		2.	Opinions. Favorable written legal opinions, addressed to the Collateral Agent,
of local counsel to the Note Parties in each jurisdiction (i) where an Initial Issuance Date Real Property referenced in Section 1 above
is located and (ii) where the applicable Note Party granting the Mortgage on said Initial Issuance Date Real Property is incorporated
or organized, regarding the due authority, execution, delivery, perfection and enforceability of each such Mortgage, and the corporate
formation, existence and good standing (to the extent such concept is applicable) of the applicable Note Party, each in a form substantially
similar to the corresponding legal opinions delivered to the LC Credit Agreement Agent in connection with the LC Credit Agreement.

 

Domestic Deposit Account Control Agreements

 

Each Note Party that maintains any
Deposit Account (to the extent not an Excluded Account) that is located in the United States shall cause to be delivered to the Collateral
Agent a Deposit Account Control Agreement with respect to such Deposit Account within sixty (60) days after the Initial Issuance Date
(or such later date as agreed by the Majority Holders).

 

Foreign Collateral Grants and Perfection
Requirements

 

The applicable Note Parties shall
cause to be delivered to the Collateral Agent the following agreements and other instruments:

 

		1.	Ireland. The applicable Note Parties shall cause to be delivered to the Collateral
Agent not later than forty-five (45) days after the Initial Issuance Date (or such later date as agreed by the Majority Holders), (a)
Collateral Documents governed by the laws of Ireland in favor the Collateral Agent corresponding to the Collateral Documents, in each
case disclosed in a collateral document list delivered to the Collateral Agent on behalf of the Note Parties prior to the Initial Issuance
Date, that are governed by the laws of Ireland and granted by such Note Parties in favor of the LC Credit Agreement Agent in connection
with the LC Credit Agreement on or prior to such date, and (b) legal opinions in form and substance customary in Ireland relating to the
due authorization, execution and delivery of such agreements, enforceability thereof, and related grant and perfection matters as are
customary in Ireland; provided that all such

 

    	 	E-2	 

     

    

Collateral Documents and legal opinions
delivered to the Collateral Agent pursuant to this section shall be in a form substantially similar to the corresponding Collateral Documents
and legal opinions delivered in favor of the LC Credit Agreement Agent.

 

		2.	Argentina, Australia, Bermuda, British Virgin Islands, Canada, England,
                                                            Germany, Luxembourg, Netherlands, Norway, Panama, Scotland, Singapore, Switzerland and United Arab Emirates. The applicable Note
                                                            Parties shall cause to be delivered to the Collateral Agent not later than sixty (60) days after the Initial Issuance Date (or such
                                                            later date as agreed by the Majority Holders), (a) Collateral Documents governed by the laws of Argentina, Australia, Bermuda,
                                                            British Virgin Islands, Canada, England, Germany, Luxembourg, Netherlands, Norway, Panama, Scotland, Singapore, Switzerland and
                                                            United Arab Emirates (other than Collateral Documents described in Part I above and Section 4 below) in favor the Collateral Agent
                                                            corresponding to the Collateral Documents, in each case disclosed in a collateral document list delivered to the Collateral Agent on
                                                            behalf of the Note Parties prior to the Initial Issuance Date, that are governed by the laws of such jurisdictions and granted by
                                                            such Note Parties in favor of the LC Credit Agreement Agent in connection with the LC Credit Agreement on or prior to such date
                                                            (including, without limitation, Collateral Documents with respect to the Initial Issuance Date Real Property located in Canada and
                                                            Scotland), and (b) legal opinions in form and substance customary in the applicable jurisdictions referenced in clause (a) above
                                                            relating to the due authorization, execution and delivery of such agreements, enforceability thereof, and related grant and
                                                            perfection matters as are customary in such jurisdictions; provided that all such Collateral Documents and legal opinions
                                                            delivered to the Collateral Agent pursuant to this section shall be in a form substantially similar to the corresponding Collateral
                                                            Documents and legal opinions delivered in favor of the LC Credit Agreement Agent.

 

		3.	Brazil and Mexico. The applicable Note Parties shall cause to be
                                                            delivered to the Collateral Agent not later than seventy-five (75) days after the Initial Issuance Date (or such later date as
                                                            agreed by the Majority Holders), (a) Collateral Documents governed by the laws of Brazil and Mexico in favor the Collateral Agent
                                                            corresponding to the Collateral Documents, in each case disclosed in a collateral document list delivered to the Collateral Agent on
                                                            behalf of the Note Parties prior to the Initial Issuance Date, that are governed by the laws of such jurisdictions and granted by
                                                            such Note Parties in favor of the LC Credit Agreement Agent in connection with the LC Credit Agreement on or prior to such date, and
                                                            (b) legal opinions in form and substance customary in Brazil and Mexico, as applicable, relating to the due authorization, execution
                                                            and delivery of such agreements, enforceability thereof, and related grant and perfection matters as are customary in Brazil and
                                                            Mexico, as applicable; provided that all such Collateral Documents and legal opinions delivered to the Collateral Agent
                                                            pursuant to this section shall be in a form substantially similar to the corresponding Collateral Documents and legal opinions
                                                            delivered in favor of the LC Credit Agreement Agent.

 

		4.	Australia (Bank Account Agreement). The applicable Note Parties shall cause
to be delivered to the Collateral Agent not later than one hundred and twenty (120) days after the Initial Issuance Date (or such later
date as agreed by the Majority Holders), (a) the bank account collateral document governed by the laws of Australia in favor the

 

    	 	E-3	 

     

    

 

Collateral Agent
corresponding to the bank account collateral document, disclosed in a collateral document list delivered to the Collateral Agent on
behalf of the Note Parties prior to the Initial Issuance Date, that is governed by the laws of Australia, and granted by such Note
Parties in favor of the LC Credit Agreement Agent in connection with the LC Credit Agreement on or prior to such date, and (b) legal
opinions in form and substance customary in Australia relating to the due authorization, execution and delivery of such agreement,
enforceability thereof, and related grant and perfection matters as are customary in Australia; provided  that all such
collateral document and legal opinions delivered to the Collateral Agent pursuant to this section shall be in a form substantially
similar to the corresponding collateral document and legal opinions delivered in favor of the LC Credit Agreement Agent.

 

 

 

 

    	 	E-4	 

     

    

 

ANNEX F

 

INITIAL ISSUANCE DATE REAL
PROPERTY

 

	
     

    Entity of Record
	
     

    Common Name and Address
	
     

    Purpose/ Use
	Encumbered or

                                                                                                                                                                 to be  

                                                                                Encumbered by

                                                                                Mortgage

	Weatherford U.S., L.P.	1221 SE Evangeline Thruway, Broussard, LA 70518	Service & Repair for Offshore Tubular Running Services.	Yes
	Weatherford Artificial Lift Systems, LLC	6325 Highway 380 W., Greenville, TX 75401	Manufacturing for Sucker Rods and Completion Composites.	Yes
	Weatherford Artificial Lift Systems, LLC	1040 Schlipf Road, Katy, TX 77493	Manufacturing for MPD, R&D & Manufacturing for Wireline, development & support for Software ^ Production Automation. Location of inventory and equipment.	Yes
	Weatherford Artificial Lift Systems, LLC	3285 Capital Dr., Colorado Springs, CO 80939	Manufacturing for Rod Pumps.	Yes
	Weatherford Artificial Lift Systems, LLC	4080 Camelot Cir., Longmont, CO 80504	Service & Repair for Artificial Lift Products.	Yes
	Weatherford U.S., L.P.	7587 Hwy 75 South, Huntsville, TX 77340	Manufacturing for Liner Hangers and Cementation. Location of inventory and equipment	Yes
	Weatherford Artificial Lift Systems, LLC	710 Faudree Rd., Odessa, TX 79765	
    Service & Repair for Completions, Liner Hangers, Cemetation,
    Drilling Services, TRS & Drilling Tools.

    Location of inventory and equipment.
	Yes
	Weatherford Artificial Lift Systems, LLC	
    611 37th Ave. SE, Williston, ND 58801 (AKA 4991

    133 Dr. NW)
	Service & Repair for multiple product lines.	Yes
	Weatherford Canada Ltd. f/k/a Precision Energy Services ULC.	2603 - 5th Street, Niksu, Alberta, AB T9E 0C2, Canada	Service & Repair for Drilling Services. Location of inventory and equipment	Yes

 

    	 	F-1	 

     

    

 

	
     

    Entity of Record
	
     

    Common Name and Address
	
     

    Purpose/ Use
	Encumbered or

                                                                                to be

                                                                                Encumbered by

                                                                                Mortgage

	Weatherford U.K. Ltd.	Weatherford Centre, Souterhead Road, Altens Industrial Estate, Aberdeen, AB12 3LF	Location of inventory and equipment.	Yes

 

 

 

 

 

 

    	 	F-2EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 
  

 
 CREDIT AGREEMENT 

AMONG 
 AON PLC,

 AON CORPORATION, 

AON UK LIMITED, 
 AON
GLOBAL HOLDINGS PLC 
 and 

AON GLOBAL LIMITED 
 as
Borrowers, 
 THE LENDERS, 

CITIBANK, N.A., 
 as
Administrative Agent, 
 HSBC BANK USA, NATIONAL ASSOCIATION, 

and 
 MORGAN STANLEY
SENIOR FUNDING, INC. 
 as Syndication Agents, 

DATED AS OF 

September 28, 2021, 
  

 
 CITIBANK, N.A., 

HSBC SECURITIES (USA) INC., 

and 
 MORGAN STANLEY
SENIOR FUNDING, INC. 
 as Joint Lead Arrangers and Joint Bookrunners 

 TABLE OF CONTENTS 

 

							
	 ARTICLE I DEFINITIONS
	  	 	1	 
	 ARTICLE II THE CREDITS
	  	 	27	 
	 2.1.
	 	Commitment	  	 	27	 
	 2.2.
	 	Required Payments	  	 	27	 
	 2.3.
	 	Ratable Loans	  	 	27	 
	 2.4.
	 	Types of Advances	  	 	27	 
	 2.5.
	 	Facility Fee; Reductions in Aggregate Commitment	  	 	27	 
	 2.6.
	 	Minimum Amount of Each Advance	  	 	28	 
	 2.7.
	 	Principal Payments	  	 	28	 
	 2.8.
	 	Method of Selecting Types and Interest Periods for New Advances	  	 	29	 
	 2.9.
	 	Conversion and Continuation of Outstanding Advances	  	 	29	 
	 2.10.
	 	Changes in Interest Rate, etc.	  	 	30	 
	 2.11.
	 	Rates Applicable After Default	  	 	30	 
	 2.12.
	 	Method of Payment	  	 	31	 
	 2.13.
	 	Noteless Agreement; Evidence of Indebtedness	  	 	31	 
	 2.14.
	 	Telephonic Notices	  	 	32	 
	 2.15.
	 	Interest Payment Dates; Interest and Fee Basis	  	 	32	 
	 2.16.
	 	Notification of Advances, Interest Rates, Prepayments and Commitment Reductions	  	 	33	 
	 2.17.
	 	Lending Installations	  	 	33	 
	 2.18.
	 	Non-Receipt of Funds by the Administrative Agent	  	 	33	 
	 2.19.
	 	Increase in the Aggregate Commitments	  	 	34	 
	 2.20.
	 	Replacement of Lender	  	 	35	 
	 2.21.
	 	Defaulting Lenders	  	 	36	 
	 2.22.
	 	Extension of Facility Termination Date	  	 	37	 
	 2.23.
	 	Borrower Representative	  	 	38	 
	 2.24.
	 	Benchmark Replacement Setting	  	 	39	 
	 ARTICLE III YIELD PROTECTION; TAXES
	  	 	44	 
	 3.1.
	 	Yield Protection	  	 	44	 
	 3.2.
	 	Changes in Capital or Liquidity Requirements	  	 	45	 
	 3.3.
	 	Availability of Types of Advances	  	 	45	 
	 3.4.
	 	Funding Indemnification	  	 	45	 
	 3.5.
	 	Taxes	  	 	45	 
	 3.6.
	 	Lender Statements; Survival of Indemnity	  	 	51	 
	 ARTICLE IV CONDITIONS PRECEDENT
	  	 	52	 
	 4.1.
	 	Effectiveness	  	 	52	 
	 4.2.
	 	Initial Advance to Each Designated Subsidiary	  	 	54	 
	 4.3.
	 	Each Credit Extension	  	 	55	 
	 4.4.
	 	Each Commitment Increase	  	 	55	 
	 4.5.
	 	Each Commitment Extension	  	 	55	 
	 ARTICLE V REPRESENTATIONS AND WARRANTIES
	  	 	56	 
	 5.1.
	 	Corporate Existence and Standing	  	 	56	 
	 5.2.
	 	Authorization and Validity	  	 	56	 
	 5.3.
	 	Compliance with Laws	  	 	56	 

  
 -i- 

							
	 5.4.
	 	Governmental Consents	  	 	57	 
	 5.5.
	 	Financial Statements	  	 	57	 
	 5.6.
	 	Material Adverse Change	  	 	57	 
	 5.7.
	 	Taxes	  	 	57	 
	 5.8.
	 	Litigation and Contingent Obligations	  	 	58	 
	 5.9.
	 	ERISA	  	 	58	 
	 5.10.
	 	Regulations T, U and X	  	 	59	 
	 5.11.
	 	Investment Company	  	 	59	 
	 5.12.
	 	Ownership of Properties	  	 	59	 
	 5.13.
	 	Environmental Laws	  	 	59	 
	 5.14.
	 	Insurance	  	 	60	 
	 5.15.
	 	Insurance Licenses	  	 	60	 
	 5.16.
	 	Disclosure	  	 	60	 
	 5.17.
	 	Anti-Corruption Laws and Sanctions	  	 	60	 
	 ARTICLE VI COVENANTS
	  	 	61	 
	 6.1.
	 	Financial Reporting	  	 	61	 
	 6.2.
	 	Use of Proceeds	  	 	62	 
	 6.3.
	 	Notice of Default	  	 	63	 
	 6.4.
	 	Conduct of Business	  	 	63	 
	 6.5.
	 	Taxes	  	 	63	 
	 6.6.
	 	Insurance	  	 	63	 
	 6.7.
	 	Compliance with Laws	  	 	63	 
	 6.8.
	 	Maintenance of Properties	  	 	64	 
	 6.9.
	 	Inspection	  	 	64	 
	 6.10.
	 	Merger	  	 	64	 
	 6.11.
	 	Liens	  	 	65	 
	 6.12.
	 	Affiliates	  	 	67	 
	 6.13.
	 	Change in Fiscal Year	  	 	67	 
	 6.14.
	 	Financial Covenants	  	 	67	 
	 6.15.
	 	ERISA	  	 	68	 
	 6.16.
	 	Indebtedness	  	 	68	 
	 6.17.
	 	Additional Guarantors	  	 	69	 
	 ARTICLE VII DEFAULTS
	  	 	70	 
	 7.1.
	 	Representations and Warranties	  	 	70	 
	 7.2.
	 	Non-Payment	  	 	70	 
	 7.3.
	 	Specific Covenants	  	 	70	 
	 7.4.
	 	Other Defaults	  	 	70	 
	 7.5.
	 	Cross-Default	  	 	70	 
	 7.6.
	 	Insolvency	  	 	70	 
	 7.7.
	 	Involuntary Insolvency	  	 	71	 
	 7.8.
	 	Condemnation	  	 	71	 
	 7.9.
	 	Judgments	  	 	71	 
	 7.10.
	 	Change of Control	  	 	71	 
	 7.11.
	 	ERISA	  	 	71	 
	 7.12.
	 	Invalidity of Guaranty	  	 	71	 
	 ARTICLE VIII ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES
	  	 	71	 

  
 -ii- 

							
	 8.1.
	 	Acceleration	  	 	71	 
	 8.2.
	 	Amendments	  	 	72	 
	 8.3.
	 	Preservation of Rights	  	 	73	 
	 ARTICLE IX GENERAL PROVISIONS
	  	 	73	 
	 9.1.
	 	Survival of Representations	  	 	73	 
	 9.2.
	 	Governmental Regulation	  	 	73	 
	 9.3.
	 	Headings	  	 	73	 
	 9.4.
	 	Entire Agreement	  	 	73	 
	 9.5.
	 	Several Obligations; Benefits of this Agreement	  	 	74	 
	 9.6.
	 	Expenses; Indemnification	  	 	74	 
	 9.7.
	 	Judgments	  	 	74	 
	 9.8.
	 	Accounting	  	 	75	 
	 9.9.
	 	Severability of Provisions	  	 	75	 
	 9.10.
	 	Nonliability of Lenders	  	 	75	 
	 9.11.
	 	Confidentiality	  	 	75	 
	 9.12.
	 	Disclosure	  	 	76	 
	 9.13.
	 	USA PATRIOT ACT NOTIFICATION	  	 	76	 
	 9.14.
	 	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	  	 	77	 
	 ARTICLE X THE ADMINISTRATIVE AGENT
	  	 	77	 
	 10.1.
	 	Appointment and Authority	  	 	77	 
	 10.2.
	 	Rights as a Lender	  	 	77	 
	 10.3.
	 	Exculpatory Provisions	  	 	78	 
	 10.4.
	 	Reliance by Administrative Agent	  	 	79	 
	 10.5.
	 	Delegation of Duties	  	 	79	 
	 10.6.
	 	Resignation of Administrative Agent	  	 	79	 
	 10.7.
	 	Non-Reliance on Administrative Agent and Other Lenders	  	 	80	 
	 10.8.
	 	Administrative Agent’s Reimbursement and Indemnification	  	 	80	 
	 10.9.
	 	No Other Duties, etc	  	 	81	 
	 10.10.
	 	Fees	  	 	81	 
	 10.11.
	 	Lender ERISA Matters	  	 	81	 
	 10.12.
	 	Erroneous Payments	  	 	82	 
	 ARTICLE XI SETOFF; RATABLE PAYMENTS
	  	 	86	 
	 11.1.
	 	Setoff	  	 	86	 
	 11.2.
	 	Ratable Payments	  	 	86	 
	 ARTICLE XII BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS
	  	 	87	 
	 12.1.
	 	Successors and Assigns Generally	  	 	87	 
	 12.2.
	 	Assignments by Lenders	  	 	87	 
	 12.3.
	 	Register	  	 	90	 
	 12.4.
	 	Participations	  	 	90	 
	 12.5.
	 	Certain Pledges	  	 	91	 
	 12.6.
	 	Competitors	  	 	91	 
	 ARTICLE XIII NOTICES
	  	 	92	 
	 13.1.
	 	Giving Notice	  	 	92	 
	 13.2.
	 	Change of Address, etc	  	 	93	 
	 13.3.
	 	Platform	  	 	93	 
	 ARTICLE XIV COUNTERPARTS
	  	 	94	 

  
 -iii- 

							
	 ARTICLE XV GUARANTY
	  	 	94	 
	 15.1.
	 	Guaranty; Limitation of Liability	  	 	94	 
	 15.2.
	 	Guaranty Absolute	  	 	95	 
	 15.3.
	 	Rights Of Lenders	  	 	96	 
	 15.4.
	 	Certain Waivers and Acknowledgements	  	 	96	 
	 15.5.
	 	Obligations Independent	  	 	97	 
	 15.6.
	 	Subrogation	  	 	97	 
	 15.7.
	 	Termination; Reinstatement	  	 	97	 
	 15.8.
	 	Stay Of Acceleration	  	 	98	 
	 15.9.
	 	Condition Of Borrowers	  	 	98	 
	 15.10.
	 	Guaranty Supplements	  	 	98	 
	 15.11.
	 	Irish Limitation	  	 	98	 
	 ARTICLE XVI MISCELLANEOUS;
	  	 	98	 
	 16.1.
	 	Choice of Law	  	 	98	 
	 16.2.
	 	Consent to Jurisdiction, etc	  	 	99	 
	 16.3.
	 	Designated Subsidiaries	  	 	100	 
	 16.4.
	 	Substitution of Currency	  	 	101	 
	 16.5.
	 	WAIVER OF JURY TRIAL	  	 	101	 

  
 -iv- 

 EXHIBITS 

 

			
	Exhibit A	  	Form of Note
	Exhibit B	  	Form of Compliance Certificate
	Exhibit C	  	Form of Assignment and Assumption
	Exhibit D	  	Form of Guaranty Supplement
	Exhibit E	  	Form of Designation Agreement
	Exhibit F-1	  	Form of U.S. Tax Compliance Certificate
	Exhibit F-2	  	Form of U.S. Tax Compliance Certificate
	Exhibit F-3	  	Form of U.S. Tax Compliance Certificate
	Exhibit F-4	  	Form of U.S. Tax Compliance Certificate

 SCHEDULES 
  

			
	Pricing Schedule	  	
	Schedule 1	  	Commitments
	Schedule 6.11	  	Existing Liens

  

  
 -v- 

 EXECUTION VERSION 

CREDIT AGREEMENT 
 This
Credit Agreement, dated as of September 28, 2021, is among Aon plc, a public limited company organized under the laws of Ireland (together with its successors and permitted assigns, the “Parent”), Aon Corporation, a Delaware
corporation (“Aon Corporation”), Aon UK Limited, a private limited company organized under the laws of England and Wales (“Aon UK Limited”), Aon Global Holdings plc, a public limited company organized under the laws
of England and Wales (“AGH”), Aon Global Limited, a private limited company organized under the laws of England and Wales (“AGL”), the Lenders (as defined below), and Citibank, N.A., a national banking association,
as Administrative Agent. 
 R E C I T A L S: 

A. The Borrowers have requested the Lenders to make financial accommodations to it in the initial aggregate principal amount of
$1,000,000,000; and 
 B. The Lenders are willing to extend such financial accommodations on the terms and conditions set forth below. 

NOW, THEREFORE, in consideration of the premises and of the mutual agreements made herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 
 As
used in this Agreement: 
 “2017 Credit Agreement” is defined in Section 6.16(b). 

“Act” is defined in Section 9.13. 

“Administrative Agent” means Citibank in its capacity as contractual representative of the Lenders pursuant to Article
X, and not in its individual capacity as a Lender, and any successor Administrative Agent appointed pursuant to Article X. 

“Administrative Agent’s Account” means (a) in the case of Advances denominated in Dollars, the account of the
Administrative Agent maintained at Citibank at its office at One Penns Way, Ops II, Floor 2, New Castle, Delaware 19720, Account No. 36852248, Attention: Bank Loan Syndications, (b) in the case of Advances denominated in any Committed
Currency, the account of the Administrative Agent designated in writing from time to time by the Administrative Agent to the Borrower Representative and the Lenders for such purpose and (c) in any such case, such other account of the
Administrative Agent as is designated in writing from time to time by the Administrative Agent to the Borrower Representative and the Lenders for such purpose. 

 “Administrative Questionnaire” means an Administrative Questionnaire in a
form supplied by the Administrative Agent. 
 “Advance” means a borrowing of Loans, (a) advanced by the Lenders on the
same Borrowing Date, or (b) converted or continued by the Lenders on the same date of conversion or continuation, consisting, in either case, of the aggregate amount of the several Loans of the same Type and, in the case of Eurocurrency Loans,
for the same currency and same Interest Period. 
 “Affected Financial Institution” means (a) any EEA Financial
Institution or (b) any UK Financial Institution. 
 “Affected Lender” is defined in
Section 2.20. 
 “Affiliate” of any Person means any other Person directly or indirectly
controlling, controlled by or under common control with such Person. A Person shall be deemed to control another Person if the controlling Person owns 10% or more of any class of voting securities of the controlled Person or possesses, directly or
indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether through ownership of stock, by contract or otherwise. 

“Aggregate Commitment” means the aggregate of the Commitments of all the Lenders, as reduced or increased from time to time
pursuant to the terms hereof. The initial Aggregate Commitment is $1,000,000,000. 
 “Aggregate Outstanding Credit Exposure”
means, at any time, the aggregate of the Outstanding Credit Exposure of all the Lenders. 
 “Agreement” means this Credit
Agreement, as it may be amended or modified and in effect from time to time. 
 “Agreement Accounting Principles” means
generally accepted accounting principles as in effect from time to time, applied in a manner consistent with those used in preparing the financial statements referred to in Section 5.5. 

“Alternate Base Rate” means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at
all times be equal to the sum of the Applicable Margin for Alternate Base Rate Advances plus the highest of: 
 (a) the rate
of interest announced publicly by Citibank in New York, New York, from time to time, as Citibank’s base rate; 

(b) 1/2 of one percent per annum above the Federal Funds Effective Rate; and 

(c) One percent above the ICE Benchmark Administration Limited LIBOR Rate applicable to Dollars for a period of one month
appearing on the applicable Bloomberg screen (or other commercially available source providing such quotations as designated by the Administrative Agent from time to time) at approximately 11:00 a.m.

  
 -2- 

 
London time on such day provided, that if the rate referenced in this clause (c) is less than zero, such rate shall be deemed to be zero for purposes of this Agreement. 

“Alternate Base Rate Advance” means an Advance denominated in Dollars which, except as otherwise provided in
Section 2.11, bears interest at the Alternate Base Rate. 
 “Alternate Base Rate Loan” means a
Loan denominated in Dollars which, except as otherwise provided in Section 2.11, bears interest at the Alternate Base Rate. 

“Anniversary Date” is defined in Section 2.22(a). 

“Anti-Corruption Laws” means the United States Foreign Corrupt Practices Act of 1977, as amended, and the U.K. Bribery Act
2010, as amended. 
 “Applicable Facility Fee Rate” means, at any time, the percentage determined in accordance with the
Pricing Schedule at such time. The Applicable Facility Fee Rate shall change as and when a Debt Rating changes. 
 “Applicable
Margin” means, (a) with respect to Alternate Base Rate Advances, the percentage rate per annum which is applicable at such time with respect to Alternate Base Rate Advances as set forth in the Pricing Schedule, (b) with respect to
Eurocurrency Advances, the percentage rate per annum which is applicable at such time with respect to Eurocurrency Advances as set forth in the Pricing Schedule and (c) with respect to SONIA Advances, the percentage rate per annum which is
applicable at such time with respect to SONIA Advances as set forth in the Pricing Schedule. 
 “Approved Fund” means any
Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Arrangers” means Citibank, N.A., HSBC Securities (USA) Inc., Morgan Stanley Senior Funding, Inc. and their respective
successors, in their capacity as “Joint Lead Arrangers”. 
 “Article” means an article of this Agreement unless
another document is specifically referenced. 
 “Assignment and Assumption” means an assignment and assumption entered into
by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 12.2(iii)), and accepted by the Administrative Agent, in substantially the form of Exhibit C or any other form approved by the
Administrative Agent. 
 “Assuming Lender” is defined in Section 2.19. 

“Assumption Agreement” is defined in Section 2.19. 

“Authorized Officer” means any of the president, chief financial officer, treasurer, vice-president, secretary, assistant
secretary, controller, director or similar officer of the Parent or other Borrower, as applicable, acting singly. 

  
 -3- 

 “Bail-In Action” means the exercise
of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution. 

“Bail-In Legislation” means (a) with respect to any EEA Member Country
implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the
United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 

“Beneficial Ownership Certification” means a certification regarding beneficial ownership as required by the Beneficial
Ownership Regulation, which certification shall be substantially similar in form and substance to the form of Certification Regarding Beneficial Owners of Legal Entity Customers published jointly by the Loan Syndications and Trading Association and
Securities Industry and Financial Markets Association. 
 “Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.

 “Borrower Representative” is designated in Section 2.23. 

“Borrowers” means, collectively, the Parent, Aon Corporation, Aon UK Limited, AGH, AGL and the Designated Subsidiaries from
time to time. 
 “Borrowing Date” means a date on which an Advance is made hereunder. 

“Borrowing Minimum” means, in respect of Advances denominated in Dollars, $5,000,000, in respect of Advances denominated in
Sterling, £5,000,000 and, in respect of Advances denominated in Euro, €5,000,000. 
 “Borrowing Multiple” means,
in respect of Advances denominated in Dollars, $1,000,000 in respect of Advances denominated in Sterling, £1,000,000 and, in respect of Advances denominated in Euro, €1,000,000. 

“Borrowing Notice” is defined in Section 2.8. 

“Business Day” means a day (other than a Saturday or Sunday) on which banks generally are open in New York for the conduct of
substantially all of their commercial lending activities, interbank wire transfers can be made on the Fedwire system and if the applicable Business Day relates to any borrowing, payment or rate selection of Eurocurrency Advances, a day on which
dealings are carried on in the London interbank market and banks are open for business in London and in the country of issue of the currency of such Eurocurrency Advances (or, in the case of Advances denominated in Euro, a TARGET2 Day). 

  
 -4- 

 “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 Agreement Accounting Principles. 

“Capitalized Lease Obligations” of a Person means the amount of the obligations of such Person under Capitalized Leases which
would be shown as a liability on a balance sheet of such Person prepared in accordance with Agreement Accounting Principles. 

“Change” is defined in Section 3.2. 

“Change in Control” means (a) the acquisition by any Person, or two or more Persons acting in concert, including without
limitation any acquisition effected by means of any transaction contemplated by Section 6.10, of beneficial ownership (within the meaning of Rule 13d-3 of the SEC under the Securities
Exchange Act of 1934) of 30% or more of the outstanding shares of voting stock of the Parent and (b) Aon UK Limited, Aon Corporation, AGH, AGL or any Designated Subsidiary ceasing to be a directly or indirectly Subsidiary of the Parent (in each
case other than pursuant to a transaction permitted hereunder). 
 “Change in Law” means the occurrence, after the date of
this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or
application thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything
herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (y) all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case
be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 
 “Citibank” means
Citibank, N.A., a national banking association, in its individual capacity, and its successors. 
 “Code” means the Internal
Revenue Code of 1986, as amended, reformed or otherwise modified from time to time. 
 “Commitment” means, for each Lender,
the obligation of such Lender to make Loans to the Borrowers in an aggregate outstanding amount not exceeding the Dollar amount set forth opposite its name on Schedule 1 hereto, as it may be modified as a result of any assignment that has
become effective pursuant to Section 12.3.2 or as otherwise modified from time to time pursuant to the terms hereof. 

“Commitment Date” is defined in Section 2.19. 

“Commitment Increase” is defined in Section 2.19. 

“Committed Currencies” means Sterling and Euro. 

  
 -5- 

 “Communications” is defined in Section 13.1. 

“Competitor” means, as of any date, any Person that is (a) a competitor of the Borrowers and their Subsidiaries or
(b) any Affiliate of a competitor of the Borrowers and their Subsidiaries, which Person, in each case, has been designated by the Borrower Representative as a “Competitor” by written notice to the Administrative Agent and the Lenders
(including by posting such notice to the Platform) not less than five Business Days prior to such date; provided that “Competitor” shall exclude any Person that the Borrower Representative has designated as no longer being a
“Competitor” by written notice delivered to the Administrative Agent from time to time. 
 “Compliance
Certificate” means a certificate in substantially the form of Exhibit B hereto. 
 “Condemnation” is defined
in Section 7.8. 
 “Connection Income Taxes” means Other Connection Taxes that are imposed on or
measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated” or
“consolidated”, when used in connection with any calculation, means a calculation to be determined on a consolidated basis, for the Consolidated Group, in accordance with generally accepted accounting principles. 

“Consolidated Adjusted EBITDA” means, for any Measurement Period, Consolidated Net Income for such period plus, to the
extent deducted from revenues in determining Consolidated Net Income, in each case without duplication, (i) Consolidated Interest Expense, (ii) expense for taxes paid or accrued, (iii) depreciation, (iv) amortization, (v) all
extraordinary, one-time, non-recurring, infrequently occurring or unusual charges (including charges in respect of litigation and settlement thereof, termination fees in
connection with and pursuant to any merger or acquisition agreement (including the termination fees and transaction costs incurred pursuant to the non-consummation of the WTW Business Combination) and
integration and restructuring charges), (vi) non-cash charges and expenses, (vii) restructuring related cash and non-cash fees, charges and expenses paid or
incurred by the Parent or any Subsidiary (including employee termination costs, technology realization costs, real estate consolidation costs, asset impairments), (viii) the amount of any losses (and minus the amount of any gains) associated
with sales of assets other than in the ordinary course of business, and any costs associated with discontinued operations, (ix) stock option compensation expense resulting from the adoption of Financial Accounting Standards Board Statement No.
123R and other non-cash, equity-based charges or expenses, (x) the amount of any increase (or minus the amount of any decrease) in pension expense (other than service costs) resulting from the application
of Financial Accounting Standards Board Statement No. 87 or any successor thereto, (xi) any impairment charge or asset write-off or write-down (including related to intangible assets, including
goodwill, long-lived assets, and investments in debt and equity), (xii) expense arising from the early extinguishment of indebtedness, (xiii) any fees, costs and expenses (including, without limitation, any issuance costs, advisory and
professional fees, any transaction incentives or retention bonuses or similar payments, earnouts or other contingent consideration, and purchase price adjustments), or any 

  
 -6- 

 
amortization thereof, in connection with any acquisition, investment, disposition, issuance, repayment, refinancing or amendment or other modification of any indebtedness and any issuance of
equity interests (in each case, including any such transaction undertaken but not completed), in an aggregate amount not to exceed 5% of the aggregate consideration for (or principal amounts of) such transactions, and (xiv) any non-cash charges or losses or realized losses attributable to mark-to-market adjustments of derivative instruments entered into in
connection with any acquisition, minus, any non-cash or realized gains attributable to mark-to-market adjustments of
derivative instruments entered into in connection with any acquisition, in each case determined in accordance with generally accepted accounting principles for such Measurement Period. 

For any Measurement Period during which the Parent or any Subsidiary shall have consummated a Specified Transaction, Consolidated Adjusted
EBITDA for such Measurement Period shall be calculated after giving pro forma effect thereto as if such Specified Transaction occurred on the first day of such Measurement Period. 

“Consolidated Funded Debt” means, without duplication, all Indebtedness listed on the balance sheet of the Consolidated Group
(i) of the types described in clauses (a), (b), (c), (d) and (e) of the definition of Indebtedness (excluding, for purposes of clauses (b) and (c), any leases that constitute operating leases in accordance with Agreement Accounting
Principles), and (ii) of the type described in clause (j) of the definition of Indebtedness with respect to Indebtedness of the types described in clause (i) above, calculated on a Consolidated basis, but excluding the aggregate
Hybrid Securities Amount to the extent that if such Hybrid Securities Amount were included as Consolidated Funded Debt, such Hybrid Securities Amount would not exceed 15% of the sum of (i) Consolidated Funded Debt plus (ii) the total
amount of shareholder’s equity of the Parent. 
 “Consolidated Group” means the Parent and its Subsidiaries. 

“Consolidated Interest Expense” means, for any Measurement Period, the net interest expense reported on the income statement
of the Consolidated Group for such Measurement Period. 
 “Consolidated Leverage Ratio” means, as of the last day of any
Measurement Period, the ratio of Consolidated Funded Debt at such date to Consolidated Adjusted EBITDA for such Measurement Period. 

“Consolidated Net Income” means, with reference to any period, the net income (or loss) of the Consolidated Group calculated
on a consolidated basis for such period. 
 “Consolidated Net Worth” means, at any date of determination, the consolidated
common stockholders’ equity of the Consolidated Group determined in accordance with Agreement Accounting Principles. 

“Contingent Obligation” of a Person means any agreement, undertaking or arrangement by which such Person assumes, guarantees,
endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes or is contingently liable upon, the obligation or liability of any other Person, or agrees to maintain the net worth or working capital or other

  
 -7- 

 
financial condition of any other Person, or otherwise assures any creditor of such other Person against loss, including, without limitation, any comfort letter, operating agreement or take-or-pay contract or application for a Letter of Credit. 

“continue” means, with respect to a Default or Unmatured Default, that such Default or Unmatured Default shall continue or
exist until cured or waived. 
 “Controlled Group” means all members of a controlled group of corporations or other business
entities and all trades or businesses (whether or not incorporated) under common control which, together with any Loan Party or any of its Subsidiaries, are treated as a single employer under Section 414 of the Code. 

“Conversion/Continuation Notice” is defined in Section 2.9. 

“Credit Extension” means the making of an Advance hereunder. 

“Credit Extension Date” means the Borrowing Date for an Advance. 

“CTA” means the Corporation Tax Act 2009 of the United Kingdom. 

“Debt Rating” means the rating of the senior unsecured long term debt (without third party credit enhancement) of the Parent,
as determined by a rating agency identified on the Pricing Schedule. 
 “Debtor Relief Laws” means the Bankruptcy Code of
the United States of America, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, administration or similar debtor relief Laws of the
United States or other applicable jurisdictions from time to time in effect. 
 “Default” means an event described in
Article VII. 
 “Defaulting Lender” means, subject to Section 2.21(b), any Lender that
(a) has failed to (i) fund all or any portion of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower Representative in writing
that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not
been satisfied, or (ii) pay to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within two Business Days of the date when due, (b) has notified the Borrower Representative or the
Administrative Agent in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan
hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public
statement) cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower Representative, to confirm in writing to the Administrative Agent and the Borrower Representative that it
will 

  
 -8- 

 
comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written
confirmation by the Administrative Agent and the Borrower Representative), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it
a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any
other state or federal regulatory authority acting in such a capacity or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of
(1) the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority or (2) in the case of a solvent Lender, the precautionary appointment of an administrator,
guardian, custodian or other similar official by a Governmental Authority under or based on the law of the country where such Lender is subject to home jurisdiction supervision if applicable law requires that such appointment not be publicly
disclosed, so long as, in the case of clause (1) and clause (2), such action does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of
attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting
Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent demonstrable error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.21(b)) upon
delivery of written notice of such determination to the Borrower Representative and each Lender. 
 “Designated Subsidiary”
means any direct or indirect Wholly-Owned Subsidiary of the Parent designated for borrowing privileges under this Agreement pursuant to Section 16.3. 

“Designation Agreement” means, with respect to any Designated Subsidiary, an agreement in the form of Exhibit E hereto signed
by such Designated Subsidiary and the Parent. 
 “Disclosed Claims” means any litigation, proceeding, investigation or other
fact or circumstance disclosed in the Parent’s annual report on Form 10-K for the year ended December 31, 2020, and quarterly reports on Form 10-Q for the
quarters ended March 31, 2021 and June 30, 2021, or any other reports filed prior to the Effective Date (including Form 8-K), in each case, as filed with the SEC. 

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

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country
which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution
established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent. 

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein and Norway. 

  
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 “EEA Resolution Authority” means any public administrative authority or any
Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” is defined in Section 4.1. 

“Eligible Assignee” means any Person that meets the requirements to be an assignee under Section 12.2(iii), (v) and (vi)
(subject to such consents, if any, as may be required under Section 12.2(iii)). For the avoidance of doubt, any Competitor is subject to Section 12.6. 

“Environmental Laws” is defined in Section 5.13. 

“Equivalent” means, at any date of determination thereof, in Dollars of any Committed Currency or in any Committed Currency of
Dollars on any date, means the spot rate of exchange that appears at 11:00 A.M. (London time), on the display page applicable to the relevant currency on the Oanda website on such date; provided that if there shall at any time no longer exist
such a page on such website, the spot rate of exchange shall be determined by reference to another similar rate publishing service selected by the Administrative Agent. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any rule or regulation
issued thereunder. 
 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time. 

“EURIBO Rate” means, for any Interest Period, the rate appearing on the applicable Bloomberg screen (or other commercially
available source providing such quotations as designated by the Administrative Agent from time to time for purposes of providing quotations of interest rates applicable to deposits in Euro by reference to the European Money Markets Institute
Settlement Rates for deposits in Euro) at approximately 10:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period, as the rate for deposits in Euro with a maturity comparable to such Interest Period. 

“Euro” means the lawful currency of the European Union as constituted by the Treaty of Rome which established the European
Community, as such treaty may be amended from time to time and as referred to in the EMU legislation. 
 “Eurocurrency
Advance” means an Advance denominated in Dollars or Euros which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate. 

“Eurocurrency Base Rate” means (a) with respect to a Eurocurrency Advance denominated in Dollars for the Interest Period
applicable to such Eurocurrency Advance, the applicable ICE Benchmark Administration Limited LIBOR Rate for deposits in Dollars appearing on the applicable Bloomberg screen (the “Published LIBOR Rate”) as of 11:00 a.m. (London time)
two (2) Business Days prior to the first day of such Interest Period, and having a maturity equal to such Interest Period, provided that, if the Published LIBOR Rate is not available to the Administrative Agent for any reason, the
applicable Eurocurrency Base Rate for the relevant Interest Period shall instead be the applicable ICE Benchmark Administration 

  
 -10- 

 
Limited LIBOR Rate for deposits in Dollars as reported by any other generally recognized financial information service as of 11:00 a.m. (London time) two (2) Business Days prior to
the first day of such Interest Period, and having a maturity equal to such Interest Period and (b) with respect to a Eurocurrency Advance denominated in Euro, the EURIBO Rate; provided that, if the Eurocurrency Base Rate shall be less
than zero, such rate shall be deemed zero for purposes of this Agreement. 
 “Eurocurrency Loan” means a Loan denominated in
Dollars or Euros which, except as otherwise provided in Section 2.11, bears interest at the applicable Eurocurrency Rate. 

“Eurocurrency Rate” means, with respect to a Eurocurrency Advance for the relevant Interest Period, the sum of (a) the
quotient of (i) the Eurocurrency Base Rate applicable to such Interest Period, divided by (ii) one minus the Reserve Requirement (expressed as a decimal) applicable to such Interest Period, plus (b) the Applicable Margin
for Eurocurrency Advances. 
 “Excluded Taxes” means any of the following Taxes imposed on or with respect to a Lender or
the Administrative Agent or required to be withheld or deducted from a payment to a Lender or the Administrative Agent, (i) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each
case, (A) imposed as a result of such Lender or the Administrative Agent being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable Lending Installation located in, the jurisdiction imposing
such Tax (or any political subdivision thereof) or (B) that are Other Connection Taxes, (ii) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an
applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (A) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrowers under
Section 2.20) or (B) such Lender changes its applicable Lending Installation, except in each case to the extent that, pursuant to Section 3.5, amounts with respect to such Taxes were payable either to such Lender’s assignor
immediately before such Lender became a party hereto or to such Lender immediately before it changed its applicable Lending Installation, (iii) Taxes attributable to such Lender or the Administrative Agent’s failure to comply with
Section 3.5(d), (iv) any Taxes imposed under FATCA, (v) in the case of a payment to be made by or on account of any obligation of any Loan Party hereunder or under any other Loan Document where such Loan Party is a UK Borrower, Taxes
imposed by the United Kingdom, if on the date the payment falls due (A) the payment could have been made to the relevant Lender without such imposition if the Lender had been a UK Qualifying Lender, but on that date such Lender is not or has
ceased to be a UK Qualifying Lender other than as a result of any change after the date it became a Lender hereunder in (or in the interpretation, administration, or application of) any law or UK Tax Treaty or practice or published concession of any
relevant tax authority; or (B) the relevant Lender is a UK Qualifying Lender solely by virtue of clause (a)(ii) of the definition of “UK Qualifying Lender” and: (1) an officer of H.M. Revenue & Customs has given (and not
revoked) a direction (a “Direction”) under section 931 of the ITA which relates to the payment and such Lender has received from the Loan Party making the payment or from the Administrative Agent a certified copy of such Direction;
and (2) the payment could have been made to the Lender without such imposition if that Direction had not been made; or (C) the relevant Lender is a UK Qualifying Lender solely by virtue of clause (a)(ii) of the definition of “UK
Qualifying Lender” and: (1) the relevant Lender has not given a UK Tax Confirmation to 

  
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the Administrative Agent and (2) the payment could have been made to the Lender without such imposition if the Lender had given a UK Tax Confirmation to the Administrative Agent, on the
basis that the UK Tax Confirmation would have enabled the Administrative Agent to have formed a reasonable belief that the payment was an “excepted payment” for the purpose of section 930 of the ITA; or (D) the relevant Lender is a UK
Treaty Lender and the Loan Party making the payment is able to demonstrate that the payment could have been made to the Lender without such imposition had that Lender complied with its obligations under Section 3.5(e) and (vi) (other than where
the relevant Lender is party hereto on the Effective Date) in the case of a payment to be made by or on account of any obligation of any Loan Party hereunder or under any other Loan Document where such Loan Party is an Irish Borrower, Taxes imposed
by Ireland if on the date the payment falls due the payment could have been made to the relevant Lender without such imposition if the Lender had been an Irish Qualifying Lender, but on that date such Lender is not or ceased to be an Irish
Qualifying Lender other than as a result of any change after the date it became a Lender hereunder in (or in the interpretation, administration, or application of) any law or Irish Tax Treaty, or practice or published concession of any relevant tax
authority. 
 “Exhibit” refers to an exhibit to this Agreement, unless another document is specifically referenced. 

“Existing Credit Agreement” means the $900,000,000 Five-Year Credit Agreement dated as of February 2, 2015 by and among
the Parent, the Subsidiaries of the Parent party thereto, Citibank, N.A., as administrative agent, and the financial institutions parties thereto as lenders, as amended, waived, extended, supplemented or otherwise modified from time to time. 

“Facility Termination Date” means (a) September 28, 2026, subject to the extension thereof pursuant to
Section 2.22 or (b) any earlier date on which the Aggregate Commitment is reduced to zero or otherwise terminated pursuant to the terms hereof; provided, however, that the Facility Termination Date of any
Lender that is a Non-Extending Lender to any requested extension pursuant to Section 2.22 shall be the Facility Termination Date in effect immediately prior to the applicable
Anniversary Date for all purposes of this Agreement. 
 “FATCA” means Sections 1471 through 1474 of the Code, as of the date
of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreements entered into pursuant to
Section 1471(b)(1) of the Code, any published intergovernmental agreement entered into in connection with the implementation of the foregoing and any fiscal or regulatory legislation, rules or practices adopted pursuant to such published
intergovernmental agreements. 
 “Federal Funds Effective Rate” means, for any day, an interest rate per annum equal to the
weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System on such day, as published for such day (or, if such day is not a Business Day, for the immediately preceding Business Day) by the
Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations at approximately 10:00 a.m. (New York time) on such day on such transactions received by the Administrative
Agent from three Federal funds brokers of recognized standing 

  
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selected by the Administrative Agent in its sole discretion; provided, that if the Federal Funds Effective Rate is less than zero, such rate shall be deemed to be zero for purposes of this
Agreement. 
 “Financial Statements” is defined in Section 5.5. 

“Fiscal Quarter” means each of the four three-month accounting periods comprising a Fiscal Year. 

“Fiscal Year” means the twelve-month accounting period ending December 31 of each year. 

“Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise
investing in commercial loans and similar extensions of credit in the ordinary course of its business. 
 “GAAP” means
generally accepted accounting principles in the United States, as in effect from time to time. 
 “Governmental Authority”
means any government (foreign or domestic) or any state or other political subdivision thereof or any governmental body, agency, authority, department or commission (including without limitation any taxing authority or political subdivision) or any
instrumentality or officer thereof (including, without limitation, any court or tribunal and any board of insurance, insurance department or insurance commissioner) exercising executive, legislative, judicial, regulatory or administrative functions
of or pertaining to government and any corporation, partnership or other entity directly or indirectly owned or controlled by or subject to the control of any of the foregoing, including any applicable supranational bodies (such as the European
Union or the European Central Bank). 
 “Guarantor” means, collectively, (a) the Parent, (b) Aon Corporation,
(c) AGH, (d) AGL and (e) any Subsidiary or Intermediate Holding Company that shall have executed and delivered a Guaranty Supplement to the Administrative Agent. 

“Guaranty” means the Guaranty set forth in Article XV of this Agreement together with each Guaranty Supplement. 

“Guaranty Supplement” is defined in Section 15.10. 

“Hazardous Materials” is defined in Section 5.13. 

“Hedging Agreement” means any interest rate protection agreement, foreign currency exchange agreement, commodity price
protection agreement or other interest or currency exchange rate or commodity price hedging arrangement and all other similar agreements or arrangements designed to alter the risks of any Person arising from fluctuations in interest rates, currency
values or commodity prices. 
 “Hybrid Securities” means, at any time, trust preferred securities, deferrable interest
subordinated debt securities, mandatory convertible debt or other hybrid securities issued by the 

  
 -13- 

 
Parent or any Subsidiary that is accorded at least some equity treatment by S&P, Moody’s or Fitch, Inc. at the time of issuance thereof. 

“Hybrid Securities Amount” means, with respect to any Hybrid Securities, the highest principal amount (which principal amount
may be a portion of the aggregate principal amount) of such Hybrid Securities that is accorded equity treatment by S&P, Moody’s or Fitch, Inc. at the time of issuance thereof. 

“IFRS” means International Financial Reporting Standards and applicable accounting requirements set by the International
Accounting Standards Board or any successor thereto (or the Financial Accounting Standards Board, the Accounting Principles Board of the American Institute of Certified Public Accountants, or any successor to either such Board, or the SEC, as the
case may be), as in effect from time to time. 
 “Increase Date” is defined in Section 2.19. 

“Increasing Lender” is defined in Section 2.19. 

“Indebtedness” of a Person means, without duplication, (a) such Person’s obligations for borrowed money,
(b) obligations of such Person representing the deferred purchase price of Property or services (other than accounts payable arising in the ordinary course of such Person’s business payable on terms customary in the trade), (c) such
Person’s obligations created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the
event of default are limited to repossession or sale of such property), (d) such Person’s obligations which are evidenced by bonds, notes, debentures, acceptances, or similar instruments, (e) Capitalized Lease Obligations of such Person,
(f) Contingent Obligations of such Person, (g) obligations, contingent or otherwise, for which such Person is obligated pursuant to or in respect of Letters of Credit or bankers’ acceptances, (h) such Person’s obligations
under Hedging Agreements to the extent required to be reflected on a balance sheet of such Person, (i) repurchase obligations or liabilities of such Person with respect to accounts or notes receivable sold by such Person, and (j) all
Indebtedness and other obligations referred to in clauses (a) through (i) above secured by (or for which the holder of such Indebtedness or other obligations has an existing right, contingent or otherwise, to be secured by) any Lien on
property (including, without limitation, accounts and contract rights) owned by such Person or payable out of the proceeds or production from property of such Person, even though such Person has not assumed or become liable for the payment of such
Indebtedness or other obligations. Notwithstanding any other provision contained herein, all computations of Indebtedness herein shall be made without giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of
the Parent or any Subsidiary thereof at “fair value”, as defined therein. 
 “Indemnified Taxes” means
(a) Taxes, other than Excluded Taxes, imposed on, or with respect to, any payment made by or on account of any obligation of any Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes.

  
 -14- 

 “Information” is defined in Section 9.11. 

“Interest Period” means, with respect to a Eurocurrency Advance, a period of one, three or six months commencing on a Business
Day selected by the applicable Borrower pursuant to this Agreement, which shall end on (but exclude) the day which corresponds numerically to such date one, three or six months thereafter; provided, however, that if there is no such
numerically corresponding day in such next, third or sixth succeeding month, such Interest Period shall end on the last Business Day of such next, third or sixth succeeding month. If an Interest Period would otherwise end on a day which is not a
Business Day, such Interest Period shall end on the next succeeding Business Day; provided, however, that if said next succeeding Business Day falls in a new calendar month, such Interest Period shall end on the immediately preceding
Business Day. 
 “Intermediate Holding Company” means any Subsidiary of the Parent that is a direct or indirect owner of
equity in Aon Corporation. 
 “Irish Borrower” means any Borrower that is incorporated in Ireland. 

“Irish Companies Act” means the Irish Companies Act 2014 (as amended). 

“Irish Qualifying Lender” means a Lender in relation to an Advance made to an Irish Borrower and that is beneficially entitled
to the interest payable to that Lender in respect of such Advance under a Loan Document and is: 
  

	 	(a)	 a bank which is authorized or licensed (pursuant to section 9 or section 9A of the Central Bank Act 1971 of
Ireland) to carry on banking business in Ireland and which is carrying on a bona fide banking business in Ireland (for the purposes of section 246(3) TCA) and whose Lending Installation is located in Ireland; 

 

	 	(b)	 a building society (within the meaning of section 256(1) TCA) which is carrying on a bona fide banking business
in Ireland (for the purposes of section 246(3) TCA) and whose Lending Installation is located in Ireland; 

  

	 	(c)	 an authorized credit institution (under the terms of Directive 2013/36/EU) which has duly established a branch
in Ireland, having made all necessary notifications to its home state competent authorities (as required under Directive 2013/36/EU and, where applicable, under Council Regulation No 1024/2013) in relation to its intention to carry on banking
business in Ireland, and such credit institution is carrying on a bona fide banking business in Ireland (for the purposes of section 246(3) TCA) and whose Lending Installation is located in Ireland; 

 

	 	(d)	 a body corporate: 

  

	 	(i)	 which, by virtue of the law of a Qualifying Jurisdiction, is resident in the Qualifying Jurisdiction for the
purposes of tax and that jurisdiction imposes a tax that generally applies to interest receivable in that jurisdiction by companies from sources outside that jurisdiction; or 

  
 -15- 

	 	(ii)	 which is a US corporation which is incorporated in the United States and is taxed in the United States on its
worldwide income; 

  

	 	(iii)	 which is a US limited liability company where (I) the ultimate recipients of the interest would themselves
be Irish Qualifying Lenders under sub-paragraphs (i), (ii) or (iv) of this paragraph (d), and (II) business is conducted through the US limited liability company for market reasons and not for tax
avoidance purposes; or 

  

	 	(iv)	 where the interest under a Loan Document: 

 

	 	(1)	 is exempted from the charge to Irish income tax under an Irish Tax Treaty in force on the date the interest is
paid; or 

  

	 	(2)	 would be exempted from the charge to Irish income tax if an Irish Tax Treaty which has been signed but is not
yet in force had the force of law on the date the interest is paid, 

 except where, in respect of each of sub-paragraphs (i) to (iv), interest payable to that body corporate in respect of an advance under a Loan Document is paid in connection with a trade or business which is carried on in Ireland by that body
corporate through a branch or agency; 
  

	 	(e)	 a body corporate which advances money in the ordinary course of a trade which includes the lending of money and
whose Lending Installation is located in Ireland where the interest on the advance under a Loan Document is taken into account in computing the trading income of such body corporate and such body corporate has complied with the notification
requirements under section 246(5) TCA; 

  

	 	(f)	 a qualifying company (within the meaning of section 110 TCA) whose Lending Installation is located in Ireland;

  

	 	(g)	 an investment undertaking (within the meaning of section 739B TCA) whose Lending Installation is located in
Ireland; or 

  

	 	(h)	 an Irish Treaty Lender. 

“Irish Tax Treaty” means a double taxation treaty into which Ireland has entered which contains an article dealing with
interest or income from debt claims. 
 “Irish Treaty Lender” means a Lender which: (a) is treated (subject to the
completion of procedural formalities) as a resident of an Irish Treaty State for the purposes of the relevant Irish Tax Treaty, and (b) does not carry on a business in Ireland through a permanent establishment with which that Lender’s
participation in the Advance is effectively connected, and (c) fulfills all other conditions which must be fulfilled under the Irish Tax Treaty by residents of that Irish Treaty State for such residents to obtain full exemption from taxation on
interest imposed by Ireland, subject to the completion of procedural formalities. 

  
 -16- 

 “Irish Treaty State” means a jurisdiction having an Irish Tax Treaty with
Ireland which makes provision for full exemption from tax imposed by Ireland on interest. 
 “IRS” means the United States
Internal Revenue Service. 
 “ITA” means the Income Tax Act 2007 of the United Kingdom. 

“Lenders” means the lending institutions listed on the signature pages of this Agreement, each Assuming Lender and their
respective successors and assigns. 
 “Lending Installation” means, with respect to a Lender or the Administrative Agent,
the office or branch of such Lender or the Administrative Agent listed on the signature pages hereof, on a Schedule, in an Assumption Agreement or otherwise selected by such Lender or the Administrative Agent pursuant to
Section 2.17. 
 “Letter of Credit” of a Person means a letter of credit or similar instrument
which is issued upon the application of such Person or upon which such Person is an account party or for which such Person is in any way liable. 

“Lien” means any security interest, lien (statutory or other), mortgage, pledge, hypothecation, assignment, deposit
arrangement, encumbrance or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any conditional sale, Capitalized
Lease or other title retention agreement). 
 “Loan” means, with respect to a Lender, such Lender’s loan made pursuant
to Article II (or any conversion or continuation thereof). 
 “Loan Documents” means this Agreement and any Notes
issued pursuant to Section 2.13, each Designation Agreement, each Guaranty Supplement and the other documents and agreements contemplated hereby and executed by a Loan Party in favor of the Administrative Agent or the
Lenders. 
 “Loan Parties” means, collectively, the Parent, each other Borrower and each Guarantor. 

“Margin Stock” has the meaning assigned to that term under Regulation U. 

“Material Adverse Effect” means a material adverse effect on (a) the business, Property, financial condition, performance
or results of operations of the Loan Parties and their respective Subsidiaries, taken as a whole, (b) the ability of any Loan Party to perform its obligations under the Loan Documents, or (c) the validity or enforceability of any of the
Loan Documents or the rights or remedies of the Administrative Agent or the Lenders thereunder. 
 “Measurement Period”
means, at any date of determination, the most recently completed four consecutive Fiscal Quarters of the Parent ending on or prior to such date. 

“Moody’s” means Moody’s Investors Service, Inc., or any successor thereto. 

  
 -17- 

 “Multiemployer Plan” means a Plan that is a “multiemployer plan”
as defined in Section 4001(a)(3) of ERISA. 
 “Non-Consenting Lender” means any
Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all or all directly affected Lenders in accordance with the terms of Section 8.2 and (b) has been approved by the
Required Lenders. 
 “Non-Extending Lender” is defined in
Section 2.22(b). 
 “Non-U.S. Lender” means any Lender or
Administrative Agent that is not a U.S. Person. 
 “Note” is defined in Section 2.13. 

“Notice” is defined in Section 13.1 

“Obligations” means all unpaid principal of and accrued and unpaid interest on the Loans, all accrued and unpaid fees and all
expenses, reimbursements, indemnities and other obligations of any Loan Party to the Lenders or to any Lender, the Administrative Agent or any indemnified party arising under the Loan Documents and including interest and fees that accrue after the
commencement by or against the Parent or any other Loan Party of any case, proceeding or other action relating to the bankruptcy, insolvency or reorganization naming such Person as the debtor in such case, proceeding or action, regardless of whether
such interest and fees are allowed claims in such proceeding. 
 “Organization Documents” means, (a) with respect to
any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-US jurisdiction); (b) with respect to any limited
liability company, the certificate or articles of formation, incorporation or organization and operating agreement, constitution or the memorandum and articles of association (if applicable); and (c) with respect to any partnership, joint
venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and, if applicable, any agreement, instrument, filing or notice with respect thereto filed in connection with
its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and any certificate or articles of formation or organization of such entity. 

“Other Connection Taxes” means, with respect to any Lender or the Administrative Agent, Taxes imposed as a result of a present
or former connection between such Lender or the Administrative Agent, as applicable, and the jurisdiction imposing such Tax (other than connections arising from such Lender or the Administrative Agent, as applicable, having executed, delivered,
become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or
Loan Document). 
 “Other Taxes” is defined in Section 3.5(b). 

“Outstanding Credit Exposure” means, as to any Lender at any time, the aggregate principal amount of its Loans outstanding at
such time. 

  
 -18- 

 “Parent” is defined in the preamble to this Agreement. 

“Participant Register” shall have the meaning assigned to such term in Section 12.4. 

“Participants” is defined in Section 12.4. 

“Payment Date” means the last day of each March, June, September and December. 

“Payment Office” means, for any Committed Currency, such office of Citibank as shall be from time to time selected by the
Administrative Agent and notified by the Administrative Agent to the Borrower Representative and the Lenders. 
 “PBGC”
means the Pension Benefit Guaranty Corporation, or any successor thereto. 
 “Permitted UK Defined Benefit Pension Plan”
means each of: 
 (a) the Aon Retirement Plan (composed of the following sections; Aon Alexander & Alexander UK
Pension Scheme Section, the Aon Bain Hogg Pension Scheme Section, the Aon UK Pension Scheme Section, the Hewitt Pension Fund Section and the Hewitt Pension & Life Assurance Plan Section), the Aon Minet Group Pension & Life
Assurance Scheme, the Jenner Fenton Slade 1980 Pension Scheme, Industry Wide Coal Staff Superannuation Scheme, the Aon McMillen Pension Scheme, (in each case, as amended from time to time); 

(b) any occupational pension scheme (a “Former Plan”) as to which, as of the date hereof, (i) a transfer
payment representing all of the assets and liabilities of the Former Plan has been made to one of the plans listed in (a) above, (ii) all of the liabilities of the Former Plan have been secured by annuities, or (iii) a transfer payment
representing assets and liabilities of the Former Plan has been made to one of the plans listed in (a) above and all of the remaining liabilities of the Former Plan have been secured by annuities, and, in each case, the Former Plan has been
wound up; and 
 (c) any new occupational pension scheme established after the date hereof solely for the purpose of
receiving a transfer payment or payments representing the whole or part of the assets and liabilities of any one or more of the plans listed in (a) above. 

“Person” means any natural person, corporation, firm, joint venture, partnership, association, enterprise, limited liability
company, trust or other entity or organization, or any government or political subdivision or any agency, department or instrumentality thereof. 

“Plan” means an “employee pension benefit plan,” as defined in Section 3(2) of ERISA, which is covered by Title
IV of ERISA or subject to the minimum funding standards under Section 412 of the Code, as to which any Loan Party or any member of the Controlled Group sponsors, maintains, contributes to or has an obligation to contribute. 

“Platform” is defined in Section 13.3(a). 

“Pricing Schedule” means the Schedule attached hereto identified as such. 

  
 -19- 

 “Property” of a Person means any and all property, whether real, personal,
tangible, intangible, or mixed, of such Person, or other assets owned, leased or operated by such Person. 
 “pro rata”
means, when used with respect to a Lender, and any described aggregate or total amount, an amount equal to such Lender’s pro rata share or portion based on its percentage of the Aggregate Commitment or if the Aggregate Commitment has been
terminated, its percentage of the Aggregate Outstanding Credit Exposure. 
 “Qualifying Jurisdiction” means 

 

	 	(a)	 a member state of the European Communities other than Ireland; 

 

	 	(b)	 a jurisdiction with which Ireland has entered into an Irish Tax Treaty that has the force of law; or

  

	 	(c)	 a jurisdiction with which Ireland has entered into an Irish Tax Treaty where that treaty will (on completion of
necessary procedures) have the force of law. 

 “Regulation D” means Regulation D of the Board of
Governors of the Federal Reserve System as from time to time in effect and any successor thereto or other regulation or official interpretation of said Board of Governors relating to reserve requirements applicable to depositary institutions. 

“Regulation T” means Regulation T of the Board of Governors of the Federal Reserve System as from time to time in effect and
any successor or other regulation or official interpretation of said Board of Governors. 
 “Regulation U” means Regulation
U of the Board of Governors of the Federal Reserve System as from time to time in effect and any successor or other regulation or official interpretation of said Board of Governors relating to the extension of credit by banks and certain other
Persons for the purpose of purchasing or carrying margin stocks applicable to member banks of the Federal Reserve System and certain other Persons. 

“Regulation X” means Regulation X of the Board of Governors of the Federal Reserve System as from time to time in effect and
any successor or other regulation or official interpretation of said Board of Governors. 
 “Related Parties” means, with
respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 

“Release” is defined in the Comprehensive Environmental Response, Compensation and Liability Act, as amended, 42 U.S.C. 39601
et seq. “Released” shall have a corresponding meaning. 
 “Reportable Event” means any reportable
event set forth in Section 4043(c) of ERISA and the regulations issued under such section, with respect to a Plan, excluding, however, such 

  
 -20- 

 
events as to which the PBGC has by regulation waived the requirement of Section 4043(a) of ERISA that it be notified within thirty (30) days of the occurrence of such event. 

“Required Lenders” means one or more Lenders (other than Defaulting Lenders) in the aggregate having more than 50% of the
Aggregate Commitment or, if the Aggregate Commitment has been terminated, one or more Lenders (other than Defaulting Lenders) in the aggregate holding more than 50% of the Aggregate Outstanding Credit Exposure (based on the Equivalent in Dollars at
such time); provided that if any Lender shall be a Defaulting Lender at such time, there shall be excluded from the determination of Required Lenders at such time (a) the unused Commitment of such Lender at such time and
(b) Outstanding Credit Exposure of such Lender at such time. 
 “Reserve Requirement” means, with respect to an
Interest Period, the maximum aggregate reserve requirement (including all basic, supplemental, marginal and other reserves) which is imposed under Regulation D on Eurocurrency liabilities. 

“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution
Authority. 
 “Risk-Based Capital Guidelines” is defined in Section 3.2. 

“S&P” means S&P Global Ratings, or any successor thereto. 

“Sanctioned Country” means, at any time, a country, region or territory which is the subject or target of any comprehensive
territorial Sanctions. 
 “Sanctioned Person” means, at any time, any Person listed on the Specially Designated Nationals
and Blocked Persons list or the Consolidated Sanctions List maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury or on any list of Sanctions targets designated by the United Nations, European Union, Australian
Department of Foreign Affairs and Trade and United Kingdom, maintained by HM Treasury of the United Kingdom. 
 “Sanctions”
means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the Office of Foreign Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, (b) the United
Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom or (c) the Australian Department of Foreign Affairs and Trade. 

“Schedule” refers to a specific schedule to this Agreement, unless another document is specifically referenced. 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “Section” means a numbered section of this Agreement, unless another document is specifically referenced. 

  
 -21- 

 “Significant Subsidiary” means, at any particular time, any Subsidiary of a
Loan Party (or such Subsidiary and its subsidiaries taken together) that would be a “significant subsidiary” of such Loan Party within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC. 
 “Single Employer Plan” means a Plan other than a
Multiemployer Plan. 
 “SONIA” means, with respect to any Business Day, a rate per annum equal to (a) the Sterling
Overnight Index Average for such Business Day published by the SONIA Administrator on the SONIA Administrator’s Website (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from
time to time) on the fifth (5th) Business Day preceding such date, plus 0.0326% per annum; provided that, if the rate under this clause (a) shall be less than zero, such rate
shall be deemed zero for purposes of this Agreement, plus (b) the Applicable Margin for SONIA Advances. 
 “SONIA
Administrator” means the Bank of England (or any successor administrator of the Sterling Overnight Index Average). 
 “SONIA
Administrator’s Website” means the Bank of England’s website, currently at http://www.bankofengland.co.uk, or any successor source for the Sterling Overnight Index Average identified as such by the SONIA Administrator from time to
time. 
 “SONIA Advance” means an Advance denominated in Sterling which, except as otherwise provided in
Section 2.11, bears interest at SONIA. 
 “SONIA Loan” means a Loan denominated in Sterling which,
except as otherwise provided in Section 2.11, bears interest at SONIA. 
 “Specified Transaction”
means any transaction or series of related transactions resulting in (a) the acquisition or disposition of all or substantially all of the assets of a Person, or of any business or division of a Person, (b) the acquisition or disposition
of in excess of 50% of the equity interests of any Person, or (c) a merger or consolidation, business combination or similar transactions with another Person (other than the Parent or any of its Subsidiaries). 

“Sterling” means lawful currency of the United Kingdom of Great Britain and Northern Ireland. 

“Subsidiary” of a Person means (a) any corporation more than 50% of the outstanding securities having ordinary voting
power of which shall at the time be owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, or (b) any partnership, association, joint venture,
limited liability company or similar business organization more than 50% of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled. Unless otherwise expressly provided, all references herein to a
“Subsidiary” shall mean a Subsidiary of the Parent. 
 “Substantial Portion” means, with respect to the Property
of the Consolidated Group, Property which (a) represents more than 25% of the consolidated assets of the Consolidated Group, as would be shown in the consolidated financial statements of the Consolidated Group as

  
 -22- 

 
at the end of the quarter next preceding the date on which such determination is made, or (b) is responsible for more than 25% of the consolidated net sales or of the consolidated net income
of the Consolidated Group for the 12-month period ending as of the end of the quarter next preceding the date of determination. 

“TARGET2 Day” means any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) System
(or, if such payment system ceases to be operative, such other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro. 

“Taxes” means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings imposed by any
Governmental Authority, and any and all interest, additions to tax or penalties applicable thereto. 
 “TCA” means the Taxes
Consolidation Act 1997 of Ireland. 
 “Termination Event” means, with respect to any Plan which is subject to Title IV of
ERISA, (a) a Reportable Event, (b) the withdrawal of the Parent or any other member of the Controlled Group from a Single Employer Plan during a plan year in which the Parent or any other member of the Controlled Group was a
“substantial employer” as defined in Section 4001(a)(2) of ERISA, (c) the conditions for imposition of a lien under Section 303(k) of ERISA shall have been met, (d) a determination that any Single Employer Plan is in
“at risk” status (within the meaning of Section 303 of ERISA) or that any Multiemployer Plan is in “endangered status” or “critical status” (within the meaning of Section 432 of the Code or Section 305 of
ERISA), (e) the termination of any Single Employer Plan, the filing of a notice of intent to terminate such Single Employer Plan or the treatment of an amendment of such Plan as a termination under Section 4041 of ERISA, (f) the
institution by the PBGC of proceedings to terminate such Plan, (g) a complete or partial withdrawal by the Parent or any member of the Controlled Group from a Multiemployer Plan or notification that a Multiemployer Plan is “insolvent”
(within the meaning of Title IV of ERISA) or (h) any event or condition which might reasonably constitute grounds under Section 4042 of ERISA for the termination of, or appointment of a trustee to administer, any Single Employer Plan. 

“Type” means, with respect to any Advance, its nature as an Alternate Base Rate Advance or a Eurocurrency Advance. 

“UK Borrower” shall mean any Borrower that is incorporated in the United Kingdom. 

“UK Borrower DTTP Filing” means a HM Revenue & Customs’ Form DTTP2 duly completed and filed by a UK Borrower,
where a UK Treaty Lender has provided its scheme reference number and jurisdiction of tax residence stated in the relevant notification provided under Section 3.5(e)(ii) and (a) where the UK Borrower is a Borrower as at the date such UK
Treaty Lender becomes a Lender, is filed with HM Revenue & Customs within 30 days of that date or (b) where the UK Borrower is not a Borrower as at the date such UK Treaty Lender becomes a Lender, is filed with HM Revenue &
Customs within 30 days of the date on which that Borrower becomes a Borrower. 

  
 -23- 

 “UK Financial Institution” means any BRRD Undertaking (as such term is
defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any Person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United
Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms. 

“UK Non-Bank Lender” means, with respect to any Lender that becomes a party hereto
after the date hereof, a Lender which gives a UK Tax Confirmation in accordance with Section 3.5(h). 
 “UK Qualifying
Lender” means a Lender in relation to an Advance made to a UK Borrower and that is: 
 (a) a Lender which is beneficially entitled
to interest payable to that Lender in respect of an Advance under a Loan Document and is: 
 (i) a Lender: 

(A) which is a bank (as defined for the purpose of section 879 of the ITA) making an advance under a Loan Document and is
within the charge to United Kingdom corporation tax as respects any payments of interest made in respect of that advance or would be within such charge as respects such payment apart from section 18A of the CTA; or 

(B) in respect of an Advance made under a Loan Document by a Person that was a bank (as defined for the purpose of section 879
of the ITA) at the time such Advance was made and within the charge to United Kingdom corporation tax as respects any payments of interest made in respect of such Advance; or 

(ii) a Lender which is: 

(A) a company resident in the United Kingdom for United Kingdom tax purposes; 

(B) a partnership each member of which is: 

(1) a company so resident in the United Kingdom; or 

(2) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent
establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the CTA) the whole of any share of interest payable in respect of such Advance that falls to it by reason of Part 17 of the CTA;

 (C) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent
establishment and which brings 

  
 -24- 

 
into account interest payable in respect of such Advance in computing the chargeable profits (within the meaning of section 19 of the CTA) of that company; or 

(iii) a UK Treaty Lender; or 

(b) a Lender which is a building society (as defined for the purposes of section 880 of the ITA) making an Advance under a Loan Document. 

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the
resolution of any UK Financial Institution. 
 “UK Tax Confirmation” means a confirmation by a Lender that the Person
beneficially entitled to interest payable to that Lender in respect of an Advance to the UK Borrower under a Loan Document is either: 
 (a)
a company resident in the United Kingdom for United Kingdom tax purposes; 
 (b) a partnership each member of which is: 

(i) a company so resident in the United Kingdom; or 

(ii) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent
establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the CTA) the whole of any share of interest payable in respect of such Advance that falls to it by reason of Part 17 of the CTA; or

 (c) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and
which brings into account interest payable in respect of such Advance in computing the chargeable profits (within the meaning of section 19 of the CTA) of that company. 

“UK Tax Treaty” has the meaning assigned to such term in the definition of “UK Treaty State”. 

“UK Treaty Lender” means a Lender which: (a) is treated (subject to the completion of procedural formalities) as a
resident of a UK Treaty State for the purposes of the relevant UK Tax Treaty, and (b) does not carry on a business in the United Kingdom through a permanent establishment with which that Lender’s participation in the Advance is effectively
connected, and (c) fulfills any other conditions which must be fulfilled under the Treaty by residents of that UK Treaty State for such residents to obtain full exemption from taxation on interest imposed by the United Kingdom, subject to the
completion of procedural formalities. 
 “UK Treaty State” means a jurisdiction having a double taxation agreement (a
“UK Tax Treaty”) with the United Kingdom which makes provision for full exemption from tax imposed by the United Kingdom on interest. 

  
 -25- 

 “Unmatured Default” means an event which but for the lapse of time or the
giving of notice, or both, would constitute a Default. 
 “U.S. Borrower” means a Borrower that is organized in or under the
laws of the United States or any political subdivision thereof. 
 “U.S. Person” means any Person that is a “United
States person” as defined in Section 7701(a)(30) of the Code. 
 “U.S. Tax Compliance Certificate” is defined in
Section 3.5(d). 
 “Wholly-Owned Subsidiary” of a Person means (a) any Subsidiary all of the
outstanding voting securities (other than (i) director’s qualifying shares and (ii) nominal shares issued to foreign nationals to the extent required by applicable law) of which shall at the time be owned or controlled, directly or
indirectly, by such Person or one or more Wholly-Owned Subsidiaries of such Person, or by such Person and one or more Wholly-Owned Subsidiaries of such Person, or (b) any partnership, association, joint venture, limited liability company or
similar business organization 100% of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled (other than (i) director’s qualifying shares and (ii) nominal shares issued to foreign
nationals to the extent required by applicable law). Unless otherwise provided, all references herein to a “Wholly-Owned Subsidiary” shall mean a Wholly-Owned Subsidiary of the Parent. 

“Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion
powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel,
reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that Person or any
other Person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that
Bail-In Legislation that are related to or ancillary to any of those powers. 
 “WTW Business
Combination” means the business combination contemplated by that certain Business Combination Agreement, dated as of March 9, 2020, entered into by and between the Parent and Willis Towers Watson Public Limited Company, as may be
amended, supplemented or otherwise modified prior to the date hereof. 
 The foregoing definitions shall be equally applicable to both the
singular and plural forms of the defined terms. In computations of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until”
each mean “to but excluding”. 
 If the Borrower Representative notifies the Administrative Agent that the Parent requests an
amendment to any provision hereof to eliminate the effect of any change occurring after the date of this agreement in GAAP or IFRS or in the application thereof on the operation of such 

  
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provision (or if the Administrative Agent notifies the Borrower Representative that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any
such notice is given before or after such change in GAAP or IFRS or in the application thereof, then such provision shall be interpreted on the basis of GAAP or IFRS, as applicable, as in effect and applied immediately before such change shall have
become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. 
 For all purposes under the
Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws), if any asset, right, obligation or liability of any Person becomes the asset, right,
obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person. 

ARTICLE II 
 THE
CREDITS 
 2.1. Commitment. Each Lender severally agrees, from and including the date of this Agreement to the Facility
Termination Date applicable to such Lender, on the terms and conditions set forth in this Agreement, to make Loans to the Borrowers in Dollars or Committed Currencies; provided that, after giving effect to the making of each such Loan, such
Lender’s Outstanding Credit Exposure (based in respect of any Loans to be denominated in a Committed Currency by reference to the Equivalent thereof in Dollars determined on the date of determination of (x) in the case of Euros, the EURIBO
Rate and (y) in the case of Sterling, SONIA) shall not exceed in the aggregate at any one time outstanding the amount of its Commitment. Subject to the terms of this Agreement, the Borrowers may borrow, repay and reborrow under this
Section 2.1. The Commitment of each Lender to lend hereunder shall expire on the Facility Termination Date applicable to such Lender. 

2.2. Required Payments. All unpaid Obligations owed to each Lender by any Borrower shall be paid in full by such Borrower on the
Facility Termination Date applicable to such Lender. 
 2.3. Ratable Loans. Each Advance hereunder shall consist of Loans made from
the several Lenders ratably in proportion to the ratio that their respective Commitments bear to the Aggregate Commitment. 
 2.4. Types
of Advances. The Advances denominated in Dollars may be Alternate Base Rate Advances or Eurocurrency Advances, or a combination thereof, selected by the applicable Borrower in accordance with Sections 2.8 and 2.9. The Advances
denominated in Euro shall be Eurocurrency Advances, as selected by the applicable Borrower in accordance with Sections 2.8 and 2.9. The Advances denominated in Sterling shall be SONIA Advances, as selected by the applicable Borrower in
accordance with Sections 2.8 and 2.9. 
 2.5. Facility Fee; Reductions in Aggregate Commitment. The Borrowers agree to
pay to the Administrative Agent for the account of each Lender a facility fee at a per annum rate equal to the Applicable Facility Fee Rate on such Lender’s Commitment from the date hereof to 

  
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the Facility Termination Date applicable to such Lender, payable on each Payment Date hereafter and on the Facility Termination Date applicable to such Lender, provided that the Borrowers
shall not pay any facility fee nor shall any facility fee accrue in respect of a Defaulting Lender’s unused Commitment so long as such Defaulting Lender is a Defaulting Lender. The Borrowers may permanently reduce the Aggregate Commitment in
whole, or in part ratably among the Lenders in a minimum aggregate amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof, upon at least three (3) Business Days’ written notice to the Administrative Agent, which
notice shall specify the amount of any such reduction, provided, however, that the amount of the Aggregate Commitment may not be reduced below the Aggregate Outstanding Credit Exposure. All accrued facility fees shall be payable on the
effective date of any termination of the obligations of the Lenders to make Credit Extensions hereunder. 
 2.6. Minimum Amount of Each
Advance. Each Advance shall be at least the Borrowing Minimum (and in multiples of the Borrowing Multiple if in excess thereof); provided, however, that (a) any Alternate Base Rate Advance may be in the amount of the unused
Aggregate Commitment and (b) in no event shall more than six (6) Eurocurrency Advances be permitted to be outstanding at any time. 

2.7. Principal Payments. (a) Optional. The Borrowers may from time to time pay, without penalty or premium, all outstanding
Alternate Base Rate Advances, or, in a minimum aggregate amount of $5,000,000 or any integral multiple of $1,000,000 in excess thereof, any portion of the outstanding Alternate Base Rate Advances upon notice to the Administrative Agent by 11:00 a.m.
(New York time) on the Business Day of the proposed prepayment. The Borrowers may from time to time pay, subject to the payment of any funding indemnification amounts required by Section 3.4 but without penalty or premium,
all outstanding Eurocurrency Advances, or, in a minimum aggregate amount of the Borrowing Minimum or any integral multiple of the Borrowing Multiple in excess thereof, any portion of an outstanding Eurocurrency Advance, upon two (2) Business
Days’ prior notice to the Administrative Agent. The Borrowers may from time to time pay, without penalty or premium, all outstanding SONIA Advances, or, in a minimum aggregate amount of the Borrowing Minimum or any integral multiple of the
Borrowing Multiple in excess thereof, any portion of an outstanding SONIA Advance, upon three (3) Business Days’ prior notice to the Administrative Agent. 

(b) Mandatory. (i) If, on any date, the Administrative Agent notifies the Borrower Representative that, on any date of
determination (which, for the avoidance of doubt, shall be no less frequently than quarterly), the sum of (A) the aggregate principal amount of all Advances denominated in Dollars plus (B) the Equivalent in Dollars (determined on the third
Business Day prior to such determination date) of the aggregate principal amount of all Advances denominated in Committed Currencies then outstanding exceeds 103% of the Aggregate Commitment on such date, the Borrowers shall, as soon as practicable
and in any event within two Business Days after receipt of such notice, prepay the outstanding principal amount of any Advances owing by the Borrowers in an aggregate amount sufficient to reduce such sum to an amount not to exceed 100% of the
Aggregate Commitment on such date. The Administrative Agent shall give prompt notice of any prepayment required under this Section 2.7(b)(i) to the Borrower Representative and the Lenders, and shall provide prompt notice to
the Borrower Representative of any such notice of required prepayment received by it from any Lender. 

  
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 (ii) Each prepayment made pursuant to this Section 2.7(b) shall be
made together with any interest accrued to the date of such prepayment on the principal amounts prepaid and, in the case of any prepayment of a Eurocurrency Advance on a date other than the last day of an Interest Period or at its maturity, any
additional amounts which the applicable Borrower shall be obligated to reimburse to the Lenders in respect thereof pursuant to Section 3.4. 

2.8. Method of Selecting Types and Interest Periods for New Advances. The applicable Borrower shall select the Type of Advance and, in
the case of each Eurocurrency Advance, the currency and Interest Period applicable thereto from time to time. The applicable Borrower shall give the Administrative Agent irrevocable notice (a “Borrowing Notice”) not later than 12:00
p.m. (New York time) on the Borrowing Date of each Alternate Base Rate Advance and at least three (3) Business Days before the Borrowing Date for each Eurocurrency Advance or SONIA Advance, specifying: 

(a) the Borrowing Date of such Advance, which shall be a Business Day; 

(b) the aggregate amount and currency of such Advance; 

(c) the Type of Advance selected; and 

(d) in the case of each Eurocurrency Advance, the Interest Period applicable thereto, which shall end on or prior to the latest
Facility Termination Date. 
 Each Lender shall, before 2:00 p.m. (New York time) on the applicable Borrowing Date, in the case of an Advance denominated in
Dollars, and before 9:00 a.m. (New York time) on the applicable Borrowing Date, in the case of an Advance consisting of Eurocurrency Loans denominated in Euro or a SONIA Loan, make available for the account of its applicable Lending Installation to
the Administrative Agent at the applicable Administrative Agent’s Account, in same day funds, such Lender’s ratable portion of such Advance. After the Administrative Agent’s receipt of such funds, the Administrative Agent will make
such funds available to the Borrower requesting the Advance at the Administrative Agent’s address referred to in Article XIII or at the applicable Payment Office, as the case may be. 

2.9. Conversion and Continuation of Outstanding Advances. Each Alternate Base Rate Advance shall continue as an Alternate Base Rate
Advance unless and until such Alternate Base Rate Advance is converted into a Eurocurrency Advance pursuant to this Section 2.9 or is repaid in accordance with Section 2.7. Each SONIA Advance shall
continue as a SONIA Advance unless and until such SONIA Advance is repaid in accordance with Section 2.7. Each Eurocurrency Advance shall continue as a Eurocurrency Advance until the end of the then applicable Interest
Period therefor, at which time such Eurocurrency Advance, if denominated in Dollars shall be automatically converted into an Alternate Base Rate Advance or, if denominated in Euro, be exchanged for an Equivalent amount of Dollars and converted into
an Alternate Base Rate Advance, unless (a) such Eurocurrency Advance is or was repaid in accordance with Section 2.7 or (b) the applicable Borrower shall have given the Administrative Agent a
Conversion/Continuation Notice (as defined below) requesting that, at the end of such Interest Period, such Eurocurrency Advance continue as a Eurocurrency Advance for the same or another Interest Period. Subject to the terms of
Section 2.6, the applicable Borrower may elect from time 

  
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to time to convert all or any part of an Alternate Base Rate Advance into a Eurocurrency Advance denominated in Dollars. Subject to the payment of any funding indemnification amounts required by
Section 3.4, the applicable Borrower may elect from time to time to convert all or any part of a Eurocurrency Advance denominated in Dollars into an Alternate Base Rate Advance. The applicable Borrower shall give the
Administrative Agent irrevocable notice (a “Conversion/Continuation Notice”) of each (x) conversion of an Alternate Base Rate Advance into a Eurocurrency Advance or the continuation of a Eurocurrency Advance as a new
Eurocurrency Advance not later than 11:00 a.m. (New York time) at least three (3) Business Days prior to the date of the requested conversion or continuation and (y) conversion of a Eurocurrency Advance into an Alternate Base Rate Advance,
not later than 12:00 p.m. (New York time) on the date of the requested conversion, in each case specifying: 
 (a) the
requested date of such conversion or continuation, which shall be a Business Day; 
 (b) the aggregate amount and Type of the
Advance which is to be converted or continued; and 
 (c) the amount and Type(s) of Advance(s) into which such Advance is to
be converted or continued and, in the case of a conversion into or continuation of a Eurocurrency Advance, the duration of the Interest Period applicable thereto, which shall end on or prior to the latest Facility Termination Date. 

2.10. Changes in Interest Rate, etc. Each Alternate Base Rate Advance shall bear interest on the outstanding principal amount thereof,
for each day from and including the date such Advance is made or is converted from a Eurocurrency Advance into an Alternate Base Rate Advance pursuant to Section 2.9, to but excluding the date it is paid or is converted
into a Eurocurrency Advance pursuant to Section 2.9 hereof, at a rate per annum equal to the Alternate Base Rate for such day. Each SONIA Advance shall bear interest on the outstanding principal amount thereof, for each day
from and including the date such Advance is made to but excluding the date it is paid, at a rate per annum equal to SONIA for such day. Changes in the rate of interest on that portion of any Advance maintained as an Alternate Base Rate Advance or
SONIA Advance will take effect simultaneously with each change in the Alternate Base Rate or SONIA, as applicable. Each Eurocurrency Advance shall bear interest on the outstanding principal amount thereof from and including the first day of the
Interest Period applicable thereto to (but not including) the last day of such Interest Period at the Eurocurrency Rate determined by the Administrative Agent as applicable to such Eurocurrency Advance based upon the applicable Borrower’s
selections under Sections 2.8 and 2.9 and otherwise in accordance with the terms hereof. No Interest Period may end after the latest Facility Termination Date. 

2.11. Rates Applicable After Default. Notwithstanding anything to the contrary contained in Section 2.8 or
2.9, no Advance may be made as, converted into or continued as a Eurocurrency Advance (except with the consent of the Administrative Agent and the Required Lenders) when any Default or Unmatured Default has occurred and is continuing. During
the continuance of a Default under Section 7.2, the Administrative Agent or the Required Lenders may, at their option, by notice to the Borrowers (which notice may be revoked at the option of the Administrative Agent or the
Required Lenders, as applicable, notwithstanding any provision 

  
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of Section 8.2 requiring unanimous consent of the Lenders to changes in interest rates), declare that (a) the overdue amount of each Eurocurrency Advance shall bear
interest for the remainder of the applicable Interest Period at the Eurocurrency Rate otherwise applicable to such Interest Period plus 2% per annum, (b) the overdue amount of each Alternate Base Rate Advance shall bear interest at a
rate per annum equal to the Alternate Base Rate, in effect from time to time plus 2% per annum and (c) the overdue amount of each SONIA Advance shall bear interest at a rate per annum equal to SONIA in effect from time to time
plus 2% per annum; provided that, during the continuance of a Default under Section 7.6 or 7.7, the interest rates set forth in clauses (a) through (c) above shall be applicable to all Credit
Extensions without any election or action on the part of the Administrative Agent or any Lender. 
 2.12. Method of Payment. All
payments of the Obligations hereunder (except with respect to principal of, interest on, and other amounts relating to, Advances denominated in a Committed Currency) shall be made by the applicable Borrower, without setoff, deduction or
counterclaim, in immediately available funds to the Administrative Agent at the Administrative Agent’s address specified pursuant to Article XIII, or at any other Lending Installation of the Administrative Agent specified in writing by
the Administrative Agent to the Borrowers, by 12:00 p.m. (New York time) on the date when due in Dollars and shall be applied ratably by the Administrative Agent among the Lenders entitled to such payments. All payments of principal of, interest on,
and other amounts relating to, Advances denominated in a Committed Currency shall be made by the applicable Borrower, without setoff, deduction or counterclaim, in immediately available funds to the Administrative Agent at the Payment Office for
such Committed Currency, by 12:00 p.m. (New York time) on the date when due in the applicable Committed Currency and shall be applied ratably by the Administrative Agent among the Lenders entitled to such payments. Each payment delivered to the
Administrative Agent for the account of any Lender shall be delivered promptly by the Administrative Agent to such Lender in the same type of funds that the Administrative Agent received at its address specified pursuant to Article XIII or at
any Lending Installation specified in a notice received by the Administrative Agent from such Lender. The Administrative Agent is hereby authorized to charge the account of each Borrower maintained with Citibank for each payment of principal,
interest and fees owing by such Borrower as it becomes due hereunder. 
 2.13. Noteless Agreement; Evidence of Indebtedness. (a) Each
Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of each Borrower to such Lender resulting from each Loan made by such Lender from time to time, including the currency and amounts of
principal and interest payable and paid to such Lender from time to time hereunder. 
 (b) The Administrative Agent shall also maintain
accounts in which it will record (i) the currency and amount of each Loan made hereunder, the Type thereof and the Interest Period with respect thereto, (ii) the amount of any principal or interest due and payable or to become due and
payable from each Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from each Borrower and each Lender’s share thereof. 

(c) The entries maintained in the accounts maintained pursuant to paragraphs (a) and (b) above shall be prima facie
evidence of the existence and amounts of the Obligations 

  
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therein recorded; provided, however, that the failure of the Administrative Agent or any Lender to maintain such accounts or any error therein shall not in any manner affect
the obligation of any Borrower to repay the Obligations in accordance with their terms; provided further, that in the event of any conflict between the accounts maintained pursuant to paragraphs (a) and (b) above, the accounts
maintained by the Administrative Agent in the Register shall control. 
 (d) Any Lender may request that its Loans be evidenced by a
promissory note in substantially the form of Exhibit A (including any amendment, modification, renewal or replacement thereof, a “Note”). In such event, each Borrower shall prepare, execute and deliver to such Lender such
Note payable to such Lender. Thereafter, the Loans evidenced by such Note and interest thereon shall at all times (including after any assignment pursuant to Section 12.3) be represented by one or more Notes payable to the
payee named therein or any assignee pursuant to Section 12.3, except to the extent that any such Lender or assignee subsequently returns any such Note for cancellation and requests that such Loans once again be evidenced as
described in paragraphs (a) and (b) above. Upon receipt of an affidavit of an officer of any Lender as to the loss, theft, destruction or mutilation of such Lender’s Note, and, in the case of any such loss, theft, destruction
or mutilation, upon cancellation of such Note, each Borrower will issue, in lieu thereof, a replacement Note in the same principal amount thereof and otherwise of like tenor. 

2.14. Telephonic Notices. The Lenders and the Administrative Agent may extend, convert or continue Advances, effect selections of Types
of Advances and transfer funds based on telephonic notices made by any person or persons the Administrative Agent or any Lender in good faith believes to be acting on behalf of a Borrower. Each Borrower agrees to deliver promptly to the
Administrative Agent a written confirmation of each telephonic notice signed by an Authorized Officer of such Borrower. If the written confirmation differs in any material respect from the action taken by the Administrative Agent and the Lenders,
the records of the Administrative Agent and the Lenders shall govern absent demonstrable error. 
 2.15. Interest Payment Dates; Interest
and Fee Basis. (a) Interest accrued on each Alternate Base Rate Advance shall be payable on each Payment Date, commencing with the first such date to occur after the date hereof, on any date on which an Alternate Base Rate Advance is prepaid
(with respect to the principal so prepaid), whether due to acceleration or otherwise, and at maturity. Interest accrued on that portion of the outstanding principal amount of any Alternate Base Rate Advance converted into a Eurocurrency Advance on a
day other than a Payment Date shall be payable on the date of conversion. Interest accrued on each Eurocurrency Advance shall be payable on the last day of its applicable Interest Period, on any date on which the Eurocurrency Advance is prepaid
(with respect to the principal so prepaid), whether by acceleration or otherwise, and at maturity. Interest accrued on each Eurocurrency Advance having an Interest Period longer than three (3) months shall also be payable on the last day of
each three-month interval during such Interest Period. Interest accrued on each SONIA Advance shall be payable in arrears on the last day of each month, on any date on which the SONIA Advance is prepaid (with respect to the principal so prepaid),
whether by acceleration or otherwise, and at maturity. Interest with respect to Eurocurrency Loans and facility fees shall be calculated for actual days elapsed on the basis of a 360-day year. Interest with
respect to Alternate Base Rate Advances and SONIA Advances shall be calculated for the actual days elapsed on the basis of a 365 or 366-day year, as applicable. Interest shall be payable for the day 

  
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an Advance is made but not for the day of any payment on the amount paid if payment is made in full and received prior to 12:00 p.m. (New York time) at the place of payment. If any payment of
principal of or interest on an Advance shall become due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and, in the case of a principal payment, such extension of time shall be included in
computing interest in connection with such payment. 
 (b) With respect to any SONIA Advances, the Administrative Agent will have the right
to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any
other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Borrowers and the Lenders reasonably promptly after
such amendment becomes effective. “Conforming Changes” means any technical, administrative or operational changes (including changes to the definition of “Business Day,” the timing and frequency of determining rates and
making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of breakage provisions, and other technical, administrative or
operational matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of SONIA and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market
practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of SONIA exists, in such
other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement). 

2.16. Notification of Advances, Interest Rates, Prepayments and Commitment Reductions. Promptly after receipt thereof, the
Administrative Agent will notify each Lender of the contents of each Aggregate Commitment reduction notice, Borrowing Notice, Conversion/Continuation Notice, and repayment notice received by it hereunder. The Administrative Agent will notify each
Lender of the Eurocurrency Rate applicable to each Eurocurrency Advance promptly upon determination of such interest rate and will give each Lender prompt notice of each change in the Alternate Base Rate. 

2.17. Lending Installations. Each Lender may book its Loans at any Lending Installation selected by such Lender and may change its
Lending Installation from time to time, which Lending Installation may include any Affiliate of such Lender or any domestic or foreign branch of such Lender or such Affiliate. All terms of this Agreement shall apply to any such Lending
Installation and the Loans and any Notes issued hereunder shall be deemed held by each Lender for the benefit of any such Lending Installation. Each Lender may, by written notice to the Administrative Agent and the Borrower Representative in
accordance with Article XIII, designate replacement or additional Lending Installations through which Loans will be made by it will be issued by it and for whose account Loan payments are to be made. 

2.18. Non-Receipt of Funds by the Administrative Agent. Unless a Borrower or a Lender, as
the case may be, notifies the Administrative Agent prior to the time at which it is 

  
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scheduled to make payment to the Administrative Agent of (a) in the case of a Lender, the proceeds of a Loan, or (b) in the case of a Borrower, a payment of principal, interest or fees
to the Administrative Agent for the account of the Lenders, that it does not intend to make such payment, the Administrative Agent may assume that such payment has been made. The Administrative Agent may, but shall not be obligated to, make the
amount of such payment available to the intended recipient in reliance upon such assumption. If such Lender or such Borrower, as the case may be, has not in fact made such payment to the Administrative Agent, the recipient of such payment shall, on
demand by the Administrative Agent, repay to the Administrative Agent the amount so made available together with interest thereon in respect of each day during the period commencing on the date such amount was so made available by the Administrative
Agent until the date the Administrative Agent recovers such amount at a rate per annum equal to (i) in the case of payment by a Lender, (A) the Federal Funds Effective Rate in the case of Advances denominated in Dollars or (B) the
cost of funds incurred by the Administrative Agent in respect of such amount in the case of Loans denominated in Committed Currencies for such day for the first three (3) days and, thereafter, the interest rate applicable to the relevant Loan
or (ii) in the case of payment by a Borrower, the interest rate applicable to the relevant Loan. 
 2.19. Increase in the Aggregate
Commitments. (a) The Borrower Representative may, at any time but in any event not more than once in any calendar year prior to the latest Facility Termination Date, by notice to the Administrative Agent, request that the Aggregate Commitment be
increased by an amount of $10,000,000 or an integral multiple thereof (each a “Commitment Increase”) to be effective as of a date that is at least thirty (30) days prior to the latest scheduled Facility Termination Date (or
such later date as the Administrative Agent may agree) then in effect (the “Increase Date”) as specified in the related notice to the Administrative Agent; provided, however that (i) in no event shall the
aggregate amount of the Commitments at any time exceed $1,600,000,000 and (ii) on the date of any request by the Borrower Representative for a Commitment Increase and on the related Increase Date the applicable conditions set forth in
Article IV shall be satisfied. 
 (b) The Borrower Representative may, but shall not be obligated to, offer the increase to
(a) its existing Lenders and/or (b) Eligible Assignees. The Administrative Agent shall promptly notify the applicable Lenders and such Eligible Assignees as have been identified by the Borrower Representative of a request by the Borrower
Representative for a Commitment Increase, which notice shall include (i) the proposed amount of such requested Commitment Increase, (ii) the proposed Increase Date and (iii) the date by which Lenders or Eligible Assignees wishing to
participate in the Commitment Increase must commit to participate in the Commitment Increase, which shall be no later than 15 days after the date of such notice (or such later date as the Administrative Agent may agree) (the “Commitment
Date”); provided, however, that the Commitment of each such Eligible Assignee shall be in an amount of $5,000,000 or more. Each Lender that is willing to participate in such requested Commitment Increase (each an
“Increasing Lender”) shall, in its sole discretion, give written notice to the Administrative Agent on or prior to the Commitment Date of the amount by which it is willing to increase its Commitment. Any Lender that fails to provide
timely notice of its agreement to participate in the requested Commitment Increase shall be deemed to have declined to increase its Commitment. If Increasing Lenders and Eligible Assignees notify the Administrative Agent that they are willing to
increase the amount of their respective Commitments or participate in the 

  
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Commitment Increase by an aggregate amount that exceeds the amount of the requested Commitment Increase, the requested Commitment Increase shall be allocated among the Increasing Lenders and such
Eligible Assignees in such amounts (not in excess of the increase committed to by such Increasing Lender) as are agreed by the Borrower Representative in consultation with the Administrative Agent. 

(c) On each Increase Date, each Eligible Assignee that accepts an offer to participate in a requested Commitment Increase in accordance with
Section 2.19(b) (each such Eligible Assignee and each Eligible Assignee that shall become a party hereto in accordance with Section 2.22, an “Assuming Lender”) shall become a Lender party to this
Agreement as of such Increase Date and the Commitment of each Increasing Lender for such requested Commitment Increase shall be so increased by such amount (or by the amount allocated to such Lender pursuant to the last sentence of
Section 2.19(b)) as of such Increase Date; provided, however, that the Administrative Agent shall have received on or before such Increase Date the following, each dated such date: 

(i) (A) certified copies of resolutions of the board of directors of each of the Loan Parties or the executive committee
of such board approving the Commitment Increase and the corresponding modifications to this Agreement and (B) an opinion of counsel for the Borrower Representative (which may be in-house counsel), in form
and substance reasonably acceptable to the Administrative Agent and its counsel; 
 (ii) an assumption agreement from each
Assuming Lender, if any, in form and substance satisfactory to the Borrower Representative and the Administrative Agent (each an “Assumption Agreement”), duly executed by such Assuming Lender, the Administrative Agent and the
Borrower Representative; and 
 (iii) confirmation from each Increasing Lender of the increase in the amount of its
Commitment in a writing satisfactory to the Borrower Representative and the Administrative Agent. 
 On each Increase Date, upon fulfillment
of the conditions set forth in the immediately preceding sentence of this Section 2.19(c), the Administrative Agent shall notify the Lenders (including, without limitation, each Assuming Lender) and the Borrower
Representative, on or before 1:00 p.m. (New York time), by telecopier, of the occurrence of the Commitment Increase to be effected on such Increase Date and shall record in the Register the relevant information with respect to each Increasing Lender
and each Assuming Lender on such date. Each Increasing Lender and each Assuming Lender shall, before 2:00 p.m. (New York time) on the Increase Date, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as
the Administrative Agent may determine to be necessary to cause the Loans to be held pro rata by the Lenders in accordance with the Commitments. 

2.20. Replacement of Lender. If (a) any Borrower is required pursuant to Section 3.1, 3.2 or
3.5 to pay any Indemnified Taxes or make any additional payment to any Lender or any Governmental Authority for the account of any Lender, (b) any Lender’s obligation to make or continue, or to convert Alternate Base Rate Advances
into, Eurocurrency Advances shall be suspended pursuant to Section 3.3, (c) any Lender is a Defaulting Lender or (d) any Lender is a 

  
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Non-Consenting Lender (any Lender so affected, an “Affected Lender”), the Borrower Representative may elect, if such amounts continue to
be charged or such suspension or status as a Defaulting Lender or Non-Consenting Lender is still effective, to replace such Affected Lender as a Lender party to this Agreement, provided that no Default
or Unmatured Default shall have occurred and be continuing at the time of such replacement, and provided further that, concurrently with such replacement, (i) another bank or other entity which is an Eligible Assignee shall agree,
as of such date, to purchase for cash the Advances at par and other Obligations due to the Affected Lender pursuant to an assignment substantially in the form of Exhibit C and to become a Lender for all purposes under this Agreement and to
assume all obligations of the Affected Lender to be terminated as of such date and to comply with the requirements of Section 12.2 applicable to assignments, and (ii) the Borrowers and/or the assignee shall pay to such
Affected Lender in same day funds on the day of such replacement (A) all interest, fees and other amounts then accrued but unpaid to such Affected Lender by the Borrowers hereunder to and including the date of termination, including without
limitation payments due to such Affected Lender under Sections 3.1, 3.2 and 3.5, and (B) an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under
Section 3.4 had the Loans of such Affected Lender been prepaid on such date rather than sold to the replacement Lender. 

2.21. Defaulting Lenders. (a) Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this
Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law: 

(i) Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or
consent with respect to this Agreement shall be restricted as set forth in the definition of Required Lenders. 
 (ii)
Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent hereunder for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to
Section 8.1 or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 11.1 shall be applied at such time or times as may be determined by the Administrative
Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, as the Borrower Representative may request (so long as no Default or Unmatured Default has occurred
and is continuing), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as reasonably determined by the Administrative Agent; third, if so determined by
the Administrative Agent and the Borrower Representative, to be held in a deposit account and released in order to satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement; fourth,
to the payment of any amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under
this Agreement; fifth, so long as no Default or Unmatured Default has occurred and is continuing, to the payment of any amounts owing to a Borrower as a result of any judgment of a court of competent jurisdiction obtained by such Borrower

  
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against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and sixth, to such Defaulting Lender or as otherwise directed by
a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were
made at a time when the conditions set forth in Section 4.3 were satisfied or waived, such payment shall be applied solely to pay the Loans of all non-Defaulting Lenders on a pro rata
basis prior to being applied to the payment of any Loans of such Defaulting Lender until such time as all Loans are held by the Lenders pro rata in accordance with the Commitments. Any payments, prepayments or other amounts paid or payable to a
Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender pursuant to this Section 2.21 shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents
hereto. 
 (iii) Certain Fees. Each Defaulting Lender shall be entitled to receive a Facility Fee for any period
during which that Lender is a Defaulting Lender only to the extent allocable to the outstanding principal amount of the Loans funded by it (and the Loan Parties shall not be required to pay such fee that otherwise would have been required to have
been paid to such Defaulting Lender). 
 (b) Defaulting Lender Cure. If the Borrower Representative and the Administrative Agent agree
in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein, that Lender will, to
the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans to be held pro rata by the Lenders in accordance
with the Commitments, whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers while that Lender was a
Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party
hereunder arising from that Lender’s having been a Defaulting Lender. 
 2.22. Extension of Facility Termination Date. (a)
Requests for Extension. The Borrower Representative may, by notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than 60 days (or such earlier date as the Administrative Agent may agree) and not later than 30
days (or such later date as the Administrative Agent may agree) prior to any anniversary of the date of this Agreement (the “Anniversary Date”), request that each Lender extend such Lender’s Facility Termination Date for an
additional one year from the Facility Termination Date then in effect with respect to such Lender. 
 (b) Lender Elections to Extend.
Each Lender, acting in its sole and individual discretion, shall, by notice to the Administrative Agent given not later than the date (the “Notice Date”) that is 20 days (or such later date as the Administrative Agent may agree)
prior to such Anniversary Date , advise the Administrative Agent whether or not such Lender agrees to such extension (and each Lender that determines not to so extend its Facility Termination Date (a

  
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“Non-Extending Lender”) shall notify the Administrative Agent of such fact promptly after such determination (but in any event no later
than the Notice Date) and any Lender that does not so advise the Administrative Agent on or before the Notice Date shall be deemed to be a Non-Extending Lender). The election of any Lender to agree to such
extension shall not obligate any other Lender to so agree. 
 (c) Notification by Agent. The Administrative Agent shall notify the
Borrower Representative of each Lender’s determination under this Section no later than the date 15 days (or such later date as the Administrative Agent may agree) prior to the applicable Anniversary Date (or, if such date is not a Business
Day, on the next preceding Business Day). 
 (d) Additional Commitment Lenders. The Borrower Representative shall have the right on or
before the applicable Anniversary Date to replace each Non-Extending Lender with, and add as “Lenders” under this Agreement in place thereof, one or more Eligible Assignees (as an Assuming Lender),
each of which Assuming Lenders shall have entered into an Assumption Agreement pursuant to which such Assuming Lender shall, effective as of the applicable Anniversary Date, undertake a Commitment (and, if any such Assuming Lender is already a
Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date). 
 (e) Minimum Extension
Requirement; Conditions to Effectiveness of Extensions. If (and only if) the total of the Commitments of the Lenders that have agreed to extend their Facility Termination Date and the additional Commitments of the Assuming Lenders shall be more
than 50% of the Aggregate Commitment in effect immediately prior to the applicable Anniversary Date, then, effective as of such Anniversary Date, the Facility Termination Date of each extending Lender and of each Assuming Lender shall be extended to
the date falling one year after the Facility Termination Date in effect for such Lenders (except that, if such date is not a Business Day, such Facility Termination Date as so extended shall be the next preceding Business Day) and each Assuming
Lender shall thereupon become a “Lender” for all purposes of this Agreement; provided, however on the date of any request by the Borrower Representative for an extension of the Facility Termination Date and on the related
Anniversary Date the applicable conditions set forth in Article IV shall be satisfied. 
 2.23. Borrower Representative. Aon
Corporation hereby (i) is designated and appointed by each Borrower as its representative and agent on its behalf (the “Borrower Representative”) and (ii) accepts such appointment as the Borrower Representative, in each
case, for the purposes of issuing Borrowing Notices, delivering certificates including Compliance Certificates (including U.S. Tax Compliance Certificates), giving instructions with respect to the disbursement of the proceeds of the Loans, selecting
interest rate options, giving and receiving all other notices and consents hereunder or under any of the other Loan Documents and taking all other actions (including in respect of compliance with covenants, but without relieving any other Borrower
of its joint and several obligations to pay and perform the Obligations) on behalf of any Borrower or the Borrowers under the Loan Documents. The Administrative Agent and each Lender may regard any notice or other communication pursuant to any Loan
Document from the Borrower Representative as a notice or communication from all Borrowers. Each warranty, covenant, agreement and undertaking made on behalf of a Borrower by the Borrower Representative shall be deemed for all purposes to have been
made by such Borrower and shall 

  
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be binding upon and enforceable against such Borrower to the same extent as if the same had been made directly by such Borrower. 

2.24. Benchmark Replacement Setting. On March 5, 2021 the Financial Conduct Authority (“FCA”), the regulatory
supervisor of USD LIBOR’s administrator (“IBA”), announced in a public statement the future cessation or loss of representativeness of overnight/Spot Next, 1-month, 3-month, 6-month and 12- month USD LIBOR tenor settings.    Notwithstanding anything to the contrary herein: 

(a) Replacing USD LIBOR. On the earlier of (i) the date that all Available Tenors of USD LIBOR have either permanently or
indefinitely ceased to be provided by IBA or have been announced by the FCA pursuant to public statement or publication of information to be no longer representative and (ii) the Early Opt-in Effective
Date, if the then-current Benchmark is USD LIBOR, the Benchmark Replacement will replace such Benchmark for all purposes hereunder in respect of any setting of such Benchmark on such day and all subsequent settings without any amendment to, or
further action or consent of any other party to this Agreement. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a quarterly basis. 

(b) Replacing Other and Future Benchmarks. Upon (i) the occurrence of a Benchmark Transition Event, the Benchmark Replacement will
replace such Benchmark for all purposes hereunder in respect of any such Benchmark setting at or after 5:00 p.m. on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to,
or further action or consent of any other party to, this Agreement so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders or
(ii) an Early Opt-in Effective Date with respect to an Other Rate Early Opt-in Election, the Benchmark Replacement will replace such Benchmark for all purposes
hereunder in respect of any setting of such Benchmark on such day and all subsequent settings without any amendment to, or further action or consent of any other party to this Agreement. At any time that the administrator of any then-current
Benchmark has permanently or indefinitely ceased to provide such Benchmark or such Benchmark has been announced by the regulatory supervisor for the administrator or the administrator of such Benchmark pursuant to public statement or publication of
information to be no longer representative and will not be restored, (i) with respect to amounts denominated in Dollars, the Borrowers may revoke any request for a borrowing of, conversion to or continuation of Advances to be made, converted or
continued that would bear interest by reference to such Benchmark until the Borrower Representative’s receipt of notice from the Administrative Agent that a Benchmark Replacement has replaced such Benchmark, and, failing that, the Borrowers
will be deemed to have converted any such request into a request for a borrowing of or conversion to Alternate Base Rate Advances and (ii) with respect to amounts denominated in any currency other than Dollars, the obligation of the Lenders to
make or maintain Advances referencing such Benchmark in the affected currency shall be suspended (to the extent of the affected amounts or Interest Periods (as applicable)) and any outstanding loans in such currency shall immediately or, in the case
of a term rate at the end of the applicable Interest Period, be prepaid in full. During the period referenced in the foregoing sentence, if a component of the Alternate Base Rate is based upon the Benchmark, such component will not be used in any
determination of the Alternate Base Rate. 

  
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 (c) Benchmark Replacement Conforming Changes. In connection with the implementation
and administration of any Benchmark Replacement, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein, any amendments implementing such
Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement. 

(d) Notices; Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower Representative and
the Lenders of (i) the implementation of any Benchmark Replacement and (ii) the effectiveness of any Benchmark Replacement Conforming Changes. For the avoidance of doubt, any notice required to be delivered by the Administrative Agent as
set forth in this Section 2.24 may be provided, at the option of the Administrative Agent (in its sole discretion), in one or more notices and may be delivered together with, or as part of any amendment which implements any
Benchmark Replacement or Benchmark Replacement Conforming Changes. Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this
Section 2.24, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take
or refrain from taking any action, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this
Section 2.24. 
 (e) Unavailability of Tenor of Benchmark. At any time (including in connection with the
implementation of any Benchmark Replacement), (i) if any then-current Benchmark is a term rate (including Term SOFR, EURIBO Rate or USD LIBOR), then the Administrative Agent may remove any tenor of such Benchmark that is unavailable or non-representative for Benchmark (including Benchmark Replacement) settings and (ii) the Administrative Agent may reinstate any such previously removed tenor for Benchmark (including Benchmark Replacement)
settings. 
 (f) Disclaimer. The Administrative Agent does not warrant or accept any responsibility for, and shall not have any
liability with respect to (i) the administration, submission or any other matter related to the London interbank offered rate, SONIA or other rates in the definition of “Eurocurrency Rate” or with respect to any alternative or
successor rate thereto, or replacement rate thereof (including, without limitation any Benchmark Replacement implemented hereunder), (ii) the composition or characteristics of any such Benchmark Replacement, including whether it is similar to, or
produces the same value or economic equivalence to USD LIBOR, EURIBO Rate, SONIA or any other Benchmark or have the same volume or liquidity as did USD LIBOR, EURIBO Rate, SONIA or any other Benchmark, (iii) any actions or use of its discretion
or other decisions or determinations made with respect to any matters covered by this Section 2.24 including, without limitation, whether or not a Benchmark Transition Event has occurred, the removal or lack thereof of
unavailable or non-representative tenors, the implementation or lack thereof of any Benchmark Replacement Conforming Changes, the delivery or non-delivery of any notices
required by clause (d) above or otherwise in accordance herewith, and (iv) the effect of any of the foregoing provisions of this Section 2.24. 

(g) Certain Defined Terms. As used in this Section 2.24: 

  
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 “Available Tenor” means, as of any date of determination and with respect
to any then-current Benchmark for any currency, as applicable, (x) if any then-current Benchmark is a term rate, any tenor for such Benchmark that is or may be used for determining the length of an Interest Period or (y) otherwise, any
payment period for interest calculated with reference to such Benchmark, as applicable, pursuant to this Agreement as of such date. 

“Benchmark” means, initially, (i) with respect to amounts denominated in Dollars, USD LIBOR, (ii) with respect to
amounts denominated in Sterling, SONIA, and (iii) with respect to any amounts denominated in Euro, EURIBO Rate; provided that if a replacement of an initial or subsequent Benchmark has occurred pursuant to this
Section 2.24, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate. Any reference to “Benchmark” shall include,
as applicable, the published component used in the calculation thereof. 
 “Benchmark Replacement” means, for any Available
Tenor: 
  

	 	(1)	 For purposes of clause (a) of this Section, the first alternative set forth below that can be determined
by the Administrative Agent: 

  

	 	(a)	 the sum of: (i) Term SOFR and (ii) 0.11448% (11.448 basis points) for an Available Tenor of one-month’s duration, 0.26161% (26.161 basis points) for an Available Tenor of three-months’ duration, and 0.42826% (42.826 basis points) for an Available Tenor of
six-months’ duration; provided, that if any Available Tenor of USD LIBOR does not correspond to an Available Tenor of Term SOFR, the Benchmark Replacement for such Available Tenor of USD LIBOR
shall be the closest corresponding Available Tenor (based on tenor) for Term SOFR and if such Available Tenor of USD LIBOR corresponds equally to two Available Tenors of Term SOFR, the corresponding tenor of Term SOFR with the shorter duration shall
be applied, or 

  

	 	(b)	 the sum of: (i) Daily Simple SOFR and (ii) the spread adjustment selected or recommended by the
Relevant Governmental Body for the replacement of the tenor of USD LIBOR with a SOFR-based rate having approximately the same length as the interest payment period specified in clause (a) of this Section (which spread adjustment, for the
avoidance of doubt, shall be 0.26161% (26.161 basis points)); and 

  

	 	(2)	 For purposes of clause (b) of this Section 2.24, the sum of (a) the
alternate benchmark rate and (b) an adjustment (which may be a positive or negative value or zero), in each case, that has been selected by the Administrative Agent and the Borrower Representative as the replacement for such Available Tenor of
such Benchmark giving due consideration to any evolving or then-prevailing market convention, including any applicable recommendations made by the Relevant Governmental Body, for syndicated credit facilities at such time denominated in the
applicable currency in the U.S. syndicated loan market; 

  
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 provided that, if the Benchmark Replacement as determined pursuant to clause (1) or (2) above
would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents. 

“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or
operational changes (including changes to the definition of “Alternate Base Rate,” the definition of “Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of
interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of breakage provisions, the formula for calculating any successor rates identified pursuant
to the definition of “Benchmark Replacement”, the formula, methodology or convention for applying the successor Floor to the successor Benchmark Replacement and other technical, administrative or operational matters) that the
Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice
(or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement
exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement). 

“Benchmark Transition Event” means, with respect to any then-current Benchmark other than USD LIBOR, the occurrence of one or
more of the following events: a public statement or publication of information by or on behalf of the administrator of any then-current Benchmark, the regulatory supervisor for the administrator of such Benchmark, the Board of Governors of the
Federal Reserve System, the Federal Reserve Bank of New York, the central bank for the currency applicable to such Benchmark, an insolvency official with jurisdiction over the administrator for such Benchmark, a resolution authority with
jurisdiction over the administrator for such Benchmark or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark, announcing or stating that (a) such administrator has ceased or will cease
on a specified date to provide all Available Tenors of such Benchmark, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available
Tenor of such Benchmark or (b) all Available Tenors of such Benchmark are or will no longer be representative of the underlying market and economic reality that such Benchmark is intended to measure and that representativeness will not be
restored. 
 “Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a
lookback) being established by the Administrative Agent in accordance with the conventions for this rate recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that
if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion. 

“Early Opt-in Effective Date” means, with respect to any Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders,

  
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so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early
Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the Required Lenders. 

“Early Opt-in Election” means, if the then-current Benchmark is USD LIBOR or EURIBO
Rate, the occurrence of the following: 
 (1) (a) with respect to Dollars, a notification by the Administrative Agent to (or the request by
the Borrower Representative to the Administrative Agent to notify) each of the other parties hereto that at least five currently outstanding Dollar denominated syndicated credit facilities in the U.S. syndicated loan market at such time contain (as
a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available
for review); or (b) with respect to a Non-Hardwired Currency, a notification by the Administrative Agent to (or the request by the Borrower Representative to the Administrative Agent to notify) each of
the other parties hereto that at least five currently outstanding syndicated credit facilities which include such Non-Hardwired Currency at such time in the U.S. syndicated loan market contain or are being
executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the then current Benchmark with respect to such Non-Hardwired Currency as a benchmark rate (and such
syndicated credit facilities are identified in such notice and are publicly available for review), and 
 (2) in each case, the joint
election by the Administrative Agent and the Borrower Representative to trigger a fallback from the applicable Benchmark and the provision by the Administrative Agent of written notice of such election to the Lenders. 

“Floor” means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement,
the modification, amendment or renewal of this Agreement or otherwise) with respect to the initial Benchmark for each Currency provided for hereunder. 

“Non-Hardwired Currencies” means all currencies other than Dollars. 

“Other Rate Early Opt-in Election” means an Early Opt-in Election has occurred under clause (1)(b) and (2) of the definition of “Early Opt-in Election”. 

“Relevant Governmental Body” means (a) with respect to a Benchmark Replacement in respect of Dollars, the Board of
Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor
thereto. and (b) with respect to a Benchmark Replacement in respect of any Non-Hardwired Currency, (1) the central bank for the currency in which such amounts are denominated hereunder or any central
bank or other supervisor which is responsible for supervising either (A) such Benchmark Replacement or (B) the administrator of such Benchmark Replacement or (2) any working group or committee officially endorsed or convened by
(A) the central bank for the currency in which such amounts are denominated, (B) any central bank or other supervisor that is responsible for supervising either (i) such Benchmark Replacement or (ii) the administrator of

  
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such Benchmark Replacement, (C) a group of those central banks or other supervisors or (D) the Financial Stability Board or any part thereof. 

“SOFR” means a rate per annum equal to the secured overnight financing rate for such Business Day published by the Federal
Reserve Bank of New York (or a successor administrator of the secured overnight financing rate) on the immediately succeeding Business Day on the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org (or any
successor source for the secured overnight financing rate identified as such by the administrator of the secured overnight financing rate from time to time). 

“Term SOFR” means, for the applicable corresponding tenor, the forward-looking term rate based on SOFR that has been selected
or recommended by the Relevant Governmental Body. 
 “USD LIBOR” means the London interbank offered rate for Dollars. 

ARTICLE III 
 YIELD
PROTECTION; TAXES 
 3.1. Yield Protection. If any Change in Law: 

(a) subjects any Lender to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses
(ii) through (iv) of the definition of Excluded Taxes and (C) Connection Income Taxes) in respect of its Eurocurrency Loans or SONIA Loans, or 

(b) imposes or increases or deems applicable any reserve, assessment, compulsory loan, insurance charge, special deposit or
similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender or any applicable Lending Installation (other than reserves and assessments taken into account in determining the interest rate applicable
to Eurocurrency Advances), or 
 (c) imposes any other condition the result of which is to increase the cost (other than
Taxes) to any Lender or any applicable Lending Installation of making, funding, continuing, converting into or maintaining its Eurocurrency Loans or SONIA Loans, or reduces any amount receivable by any Lender or any applicable Lending Installation
in connection with its Eurocurrency Loans or SONIA Loans, or requires any Lender or any applicable Lending Installation to make any payment calculated by reference to the amount of Eurocurrency Loans or SONIA Loans, held or interest received by it,
by an amount deemed material by such Lender, 
 and the result of any of the foregoing is to increase the cost to such Lender or applicable Lending
Installation of making, funding, continuing, converting into or maintaining its Eurocurrency Loans, SONIA Loans or Commitment or to reduce the return received by such Lender or applicable Lending Installation in connection with such Eurocurrency
Loans, SONIA Loans or Commitment, then, within fifteen (15) days of demand by such Lender as provided in Section 3.6, the Parent or the applicable Borrower shall pay such Lender such additional amount or amounts as
will compensate such Lender for such increased cost or reduction in amount received. 

  
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 3.2. Changes in Capital or Liquidity Requirements. If a Lender determines that any
Change in Law affecting such Lender, any Lending Installation of such Lender or any corporation controlling such Lender, if any, regarding capital or liquidity requirements, has or would have the effect of reducing the rate of return on such
Lender’s capital or the capital of such Lending Installation of such Lender or such corporation controlling such Lender as a consequence of this Agreement, its Outstanding Credit Exposure or its Commitment to make Loans hereunder to a level
below that which could have been achieved but for such Change in Law (after taking into account such Lender’s policies as to capital adequacy or liquidity), then, within fifteen (15) days of demand by such Lender as provided in
Section 3.6, the Parent or the applicable Borrower shall pay such Lender the amount necessary to compensate for any such reduction. 

3.3. Availability of Types of Advances. If any Lender determines that maintenance of its Eurocurrency Loans or SONIA Loans at a suitable
Lending Installation would violate any applicable law, rule, regulation, interpretation or directive, whether or not having the force of law, if the Administrative Agent determines that the Eurocurrency Base Rate cannot be determined by reference to
any generally recognized financial information service or if the Required Lenders determine that (a) deposits of a type and maturity appropriate to match fund Eurocurrency Advances are not available or (b) the interest rate applicable to
Eurocurrency Advances or SONIA Advances does not accurately or fairly reflect the cost of making or maintaining Eurocurrency Advances or SONIA Advances, as applicable, then the Administrative Agent shall suspend the availability of Eurocurrency
Advances or SONIA Advances, as applicable, and require any affected (x) Eurocurrency Advances, if denominated in Dollars. to be repaid or converted to Alternate Base Rate Advances or, if denominated in Euro, to be repaid or exchanged for an
Equivalent amount of Dollars and converted to Alternate Base Rate Advances, and (y) SONIA Advances to be repaid, in each case subject to the payment of any funding indemnification amounts required by Section 3.4. 

3.4. Funding Indemnification. If (a) any continuation, conversion, payment or prepayment of a Eurocurrency Advance occurs on a date
other than the last day of the applicable Interest Period (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise), (b) a Borrower fails (for a reason other than the failure of a Lender to make a Loan) to prepay, borrow,
continue or convert a Eurocurrency Advance on the date or in the amount notified by such Borrower or (c) any assignment of a Eurocurrency Loan occurs on a day other than the last day of the applicable Interest Period as a result of a request by
the Borrower Representative pursuant to Section 2.20, the Parent or the applicable Borrower will indemnify each Lender for any loss or cost incurred by it resulting therefrom, including, without limitation, any loss or cost
in liquidating or employing deposits acquired to fund or maintain such Eurocurrency Advance but excluding loss of Applicable Margin. 
 3.5.
Taxes. (a) Subject to applicable law, all payments by any Loan Party to or for the account of any Lender or the Administrative Agent hereunder or under any Note shall be made free and clear of and without deduction for any and all Taxes.
Subject to subsection (e) below and Section 3.6, if any Loan Party shall be required by law (as determined in its good faith discretion) to deduct any Tax from or in respect of any sum payable hereunder to any Lender
or the Administrative Agent, (i) if such Tax is an Indemnified Tax, the sum payable shall be increased as necessary so that after making all required deductions (including deductions 

  
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applicable to additional sums payable under this Section 3.5) such Lender or the Administrative Agent (as the case may be) receives an amount equal to the sum it would
have received had no such deductions been made, (ii) such Loan Party shall make such deductions, (iii) such Loan Party shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law and
(iv) such Loan Party shall furnish to the Administrative Agent the original or a certified copy of a receipt evidencing payment thereof, a copy of the return reporting such payment or other evidence reasonably acceptable to the Administrative
Agent, within thirty (30) days after such payment is made. 
 (b) In addition, the Loan Parties hereby agree to pay any present or
future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, or from the receipt or perfection of a security
interest under this Agreement or any Note, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 2.20) (“Other
Taxes”). 
 (c) The Loan Parties hereby agree to indemnify the Administrative Agent and each Lender for the full amount of any
Indemnified Taxes (including any Indemnified Taxes imposed on amounts payable under this Section 3.5) paid by the Administrative Agent or such Lender and any reasonable out-of-pocket expenses arising therefrom or with respect thereto. Payments due under this indemnification shall be made within thirty (30) days of the date the Administrative Agent or such Lender makes
demand therefor pursuant to Section 3.6. This paragraph (c) shall not apply with respect to any Tax assessed on the Administrative Agent and each Lender to the extent the Indemnified Taxes or reasonable out-of-pocket expenses arising therefrom or with respect thereto are (i) compensated for by an increased payment under paragraph (a); or (ii) relates to a deduction
or withholding from a payment under a Loan Document required by FATCA. 
 (d) (i) Any Lender or Administrative Agent that is entitled to
an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to each Borrower and the Administrative Agent, at the time or times reasonably requested by any Borrower or the Administrative
Agent, such properly completed and executed documentation reasonably requested by any Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender or
Administrative Agent, if reasonably requested by any Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by any Borrower or the Administrative Agent as will enable the
Borrowers or the Administrative Agent to determine whether or not it is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and
submission of such documentation (other than such documentation set forth in Sections 3.5(d)(ii)(A), 3.5(d)(ii)(B) and 3.5(d)(ii)(D) below) shall not be required if in the Lender’s or Administrative Agent’s reasonable judgment, as
applicable, such completion, execution or submission would subject such Lender or Administrative Agent to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender or Administrative
Agent. 
 (ii) Without limiting the generality of the foregoing, 

  
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	 	(A)	 each Lender and Administrative Agent that is a U.S. Person shall deliver to each U.S. Borrower and the
Administrative Agent, on or prior to the date it becomes a party to this Agreement (and from time to time thereafter upon the reasonable request of any U.S. Borrower or the Administrative Agent), executed copies of IRS Form W-9 certifying that it is exempt from U.S. federal backup withholding tax; 

  

	 	(B)	 each Non-U.S. Lender shall, to the extent it is legally entitled to do
so, deliver to the U.S. Borrowers and the Administrative Agent (in such number of copies as shall be requested by the recipient), on or prior to the date on which it becomes a party to this Agreement (and from time to time thereafter upon the
reasonable request of any U.S. Borrower or the Administrative Agent), whichever of the following is applicable: 

  

	 	(i)	 in the case of a Non-U.S. Lender claiming the benefits of an income tax
treaty to which the United States is a party (x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN or W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable
payments under any Loan Document, executed copies of IRS Form W-8BEN or W-8BEN-E establishing an exemption from, or reduction of,
U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

  

	 	(ii)	 executed copies of IRS Form W-8ECI or
W-8EXP; 

  

	 	(iii)	 in the case of a Non-U.S. Lender claiming the benefits of the exemption
for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the form of Exhibit F-1 to the effect that such Non-U.S. Lender is
not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10-percent shareholder” of any U.S. Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a
“controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN or W-8BEN-E; or 

  

	 	(iv)	 to the extent a Non-U.S. Lender is not the beneficial owner, executed
copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-2 or Exhibit F-3, IRS Form W-9, and/or other 

  
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certification documents from each beneficial owner, as applicable; provided that if the Non-U.S. Lender is a partnership and one or more direct or indirect
partners of such Non-U.S. Lender are claiming the portfolio interest exemption, such Non-U.S. Lender may provide a U.S. Tax Compliance Certificate substantially in the
form of Exhibit F-4 on behalf of each such direct and indirect partner; 

  

	 	(C)	 any Non-U.S. Lender shall, to the extent it is legally entitled to do
so, deliver to the U.S. Borrowers and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which it becomes a party to this Agreement (and from time to time thereafter upon the
reasonable request of any U.S. Borrower or the Administrative Agent), executed copies of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with
such supplementary documentation as may be prescribed by applicable law to permit the U.S. Borrowers or the Administrative Agent to determine the withholding or deduction required to be made; and 

 

	 	(D)	 if a payment made to a Lender or the Administrative Agent under this Agreement or any other Loan Document would
be subject to U.S. federal withholding tax imposed by FATCA if it were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender or
Administrative Agent shall deliver to the U.S. Borrowers and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by any U.S. Borrower or the Administrative Agent such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by any U.S. Borrower or the Administrative Agent as may be necessary for the U.S. Borrowers
and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender or Administrative Agent has complied with such Lender’s or Administrative Agent’s obligations under FATCA or to determine the
amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

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

  
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 (e) In the case of an Advance by a Lender to a UK Borrower: 

(i) A UK Treaty Lender and each Loan Party which makes a payment to which that UK Treaty Lender is entitled under such Advance
to a UK Borrower shall co-operate in completing any procedural formalities necessary for that Loan Party to obtain authorization to make that payment without a deduction or withholding for or on account of Tax
including submitting written applications, making and filing an application for relief under a double tax treaty and otherwise complying with the requirements of the relevant tax authority. 

(ii) (A) A UK Treaty Lender which becomes a Party on the day on which this Agreement is entered into which holds a
passport under the HMRC DT Treaty Passport Scheme and which desires that such scheme applies to this Agreement shall on or before the date of this Agreement indicate to the Administrative Agent that it wishes the scheme to apply to a Loan to a UK
Borrower under this Agreement and provide the Administrative Agent with its scheme reference number and its jurisdiction of tax residence (and the Administrative Agent shall, without unreasonable delay, notify the relevant UK Borrower of the same);
and 
 (B) A UK Treaty Lender which becomes a Party after the day on which this Agreement is entered into which holds a passport under the
HMRC DT Treaty Passport Scheme and which desires that such scheme applies to this Agreement, shall indicate to the Administrative Agent that it wishes the scheme to apply to an Advance to a UK Borrower under this Agreement and provide the
Administrative Agent with its scheme reference number and its jurisdiction of tax residence in the Assumption Agreement or the Assignment and Assumption which it executes, 

and having done so, that UK Treaty Lender shall, subject to Section 3.5(i)(ii), be under no obligation pursuant to paragraph (e)(i) above. 

(f) If HM Revenue & Customs or any other Governmental Authority of the United Kingdom, the IRS or any other Governmental Authority of
the United States or any other country or any political subdivision thereof asserts a claim that the Administrative Agent did not properly withhold tax from amounts paid to or for the account of any Lender (because such Lender was not a UK
Qualifying Lender, the appropriate form was not delivered or properly completed, because such Lender failed to notify the Administrative Agent of a change in circumstances which rendered its exemption from withholding ineffective, or for any other
reason not caused by or constituting gross negligence or willful misconduct of the Administrative Agent), such Lender shall indemnify the Administrative Agent fully for all amounts paid, directly or indirectly, by the Administrative Agent as tax,
withholding therefor, or otherwise, including penalties and interest, and including taxes imposed by any jurisdiction on amounts payable to the Administrative Agent under this subsection, together with all reasonable costs and expenses related
thereto (including reasonable attorneys’ fees and reasonable time charges of attorneys for the Administrative Agent, which attorneys may be employees of the Administrative Agent). The obligations of the Lenders under this
Section 3.5(f) shall survive the payment of the Obligations and termination of this Agreement. 

  
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 (g) In the case of an Advance to a UK Borrower, a UK
Non-Bank Lender shall promptly notify the Administrative Agent if there is any change in the position from that set out in the UK Tax Confirmation. 

(h) In the case of an Advance to a UK Borrower, each Lender which becomes a party to this Agreement after the date hereof shall indicate in the
Assumption Agreement or Assignment and Assumption that it executes on becoming a party hereto, and for the benefit of the Administrative Agent and without liability to any Loan Party which of the following categories it constitutes (in relation to
such UK Borrower): 
 (i) not a UK Qualifying Lender; 

(ii) a UK Qualifying Lender (other than a UK Treaty Lender); or 

(iii) a UK Treaty Lender. 
 If a
Lender fails to indicate its status in accordance with this paragraph (h) then such Lender shall be treated for the purposes of this Agreement by the Administrative Agent and each Loan Party as if it was not a UK Qualifying Lender until such
time as it notifies the Administrative Agent which category applies (and the Administrative Agent upon receipt of such notification, shall inform the relevant UK Borrower). For the avoidance of doubt, an Assumption Agreement or Assignment and
Assumption shall not be invalidated by any failure of a Lender to comply with this paragraph (h). 
 (i) HMRC DT Treaty
Passport Scheme. 
 (i) If a UK Treaty Lender has confirmed its scheme reference number and its jurisdiction of tax residence
in accordance with Section 3.5(e)(ii) above, the UK Borrower shall make a UK Borrower DTTP Filing and shall promptly deliver a copy of that filing to the relevant UK Treaty Lender. 

(ii) If a Lender has confirmed its scheme reference number and its jurisdiction of tax residence in accordance with
Section 3.5(e)(ii) above and: (a) a UK Borrower making a payment to that Lender has not made a UK Borrower DTTP Filing in respect of that Lender, or (b) a UK Borrower making a payment to that Lender has made a UK Borrower DTTP Filing
in respect of that Lender but: (1) that UK Borrower DTTP Filing has been rejected by HM Revenue & Customs, or (2) HM Revenue & Customs has not given the UK Borrower authority to make payments to that Lender without a
deduction or withholding for or on account of Tax within 60 days of the date of the UK Borrower DTTP Filing, and in each of cases (a) and (b) (as applicable), the UK Borrower has notified that Lender in writing, that Lender and the UK Borrower
shall, pursuant to Section 3.5(e)(i), co-operate in completing any additional procedural formalities necessary for that UK Borrower to obtain authorization to make that payment without a withholding or
deduction for or on account of Tax. 
 (iii) If a UK Treaty Lender has not confirmed its scheme reference number and
jurisdiction of tax residence in accordance with Section 3.5(e)(ii) above, no UK Borrower shall make a UK Borrower DTTP Filing or file any other form relating to the HMRC DT 

  
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Treaty Passport scheme in respect of that Lender’s Commitment or its participation in any Loan unless the UK Treaty Lender otherwise agrees. 

(j) (i) Each Lender which is a Party to this Agreement on the Effective Date confirms, for the benefit of the Administrative Agent and
without any liability to a Loan Party, that it is an Irish Qualifying Lender. Each Lender which becomes a Party after the Effective Date shall indicate, in the Assumption Agreement or Assignment and Assumption that it executes on becoming a party
hereto, and for the benefit of the Administrative Agent and without any liability to a Loan Party, which of the following categories it falls in: (A) an Irish Qualifying Lender (other than an Irish Treaty Lender); (B) an Irish Treaty Lender; or
(C) not an Irish Qualifying Lender. 
 (ii) If a Lender fails to indicate its status in accordance with this paragraph
(j) then such Lender shall be treated for the purposes of this Agreement (including by each Loan Party) as if it is not an Irish Qualifying Lender until such time as it notifies the Administrative Agent which category applies (and the
Administrative Agent, upon receipt of such notification, shall inform the Loan Parties). For the avoidance of doubt, an Assumption Agreement or Assignment and Assumption shall not be invalidated by any failure of a Lender to comply with this
paragraph (j). Each Lender shall promptly notify the Borrower and the Administrative Agent if there is any change in its position as an Irish Qualifying Lender. 

(k) If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been
indemnified pursuant to this Section 3.5 (including by the payment of additional amounts pursuant to this Section 3.5), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments
made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without
interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to
this paragraph (j) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to
the contrary in this paragraph (j), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (j) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification
payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems
confidential) to the indemnifying party or any other Person. 
 3.6. Lender Statements; Survival of Indemnity. To the extent
reasonably possible, each Lender shall designate an alternate Lending Installation with respect to its Loans to reduce any liability of the Loan Parties to such Lender under Sections 3.1, 3.2 and 3.5 or to avoid the
unavailability of Eurocurrency Advances under Section 3.3, so long as such designation is not, in 

  
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the judgment of such Lender, disadvantageous to such Lender. Each Lender shall deliver a written statement of such Lender to the Borrower Representative (with a copy to the Administrative Agent)
as to the amount due, if any, under Section 3.1, 3.2, 3.4 or 3.5. Such written statement shall set forth in reasonable detail the calculations upon which such Lender determined such amount and shall be
final, conclusive and binding on the Borrowers in the absence of demonstrable error. If any Lender fails to deliver such written statement in respect of claims made under Section 3.1, 3.2 or 3.4 within 180
days after the date on which such Lender becomes aware of the event or occurrence giving rise to such claim, and in respect of claims made under Section 3.5(a), (b) or (c), within 180 days after the date any
amount is paid by such Lender or such Lender receives actual written notice of a proposed assessment, the Loan Parties shall have no obligation to reimburse, compensate or indemnify such Lender with respect to any such claim under this Article
III for any period more than 180 days before the date on which such statement is delivered (except that, if such change, event or occurrence giving rise to such claim is retroactive, then the 180 day period referred to above shall be extended to
include the period of retroactive effect thereof). Determination of amounts payable under such Sections in connection with a Eurocurrency Loan shall be calculated as though each Lender funded its Eurocurrency Loan through the purchase of a deposit
of the type and maturity corresponding to the deposit used as a reference in determining the Eurocurrency Rate applicable to such Loan, whether in fact that is the case or not. Unless otherwise provided herein, the amount specified in the written
statement of any Lender shall be payable on demand after receipt by the Borrower Representative of such written statement. The obligations of each party under Sections 3.1, 3.2, 3.4 and 3.5 shall survive the resignation
or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments, and the repayment, satisfaction or discharge of the Obligations under any Loan Document and termination
of this Agreement. This Section 3.6 shall not be construed to require any Lender to make available its tax returns (or any information relating to its taxes which it deems confidential) to the Borrower Representative, the
Parent or any other Person. 
 ARTICLE IV 

CONDITIONS PRECEDENT 

4.1. Effectiveness. This Agreement shall not become effective unless and until the date (the “Effective Date”) the
Parent has furnished the following to the Administrative Agent and the other conditions set forth below have been satisfied: 

(a) Charter Documents; Good Standing Certificates; KYC. Copies of the certificate of incorporation of each Borrower,
together with all amendments thereto, certified by the appropriate governmental officer in its jurisdiction of incorporation, if applicable, together with a good standing certificate issued by the Secretary of State or comparable official of the
jurisdiction of its organization, if applicable, and such other jurisdictions as shall be requested by the Administrative Agent as well as any other information or documentation reasonably requested by the Administrative Agent or any other Lender
necessary to ensure compliance with, or necessary for the Administrative Agent or any Lender to verify the identity of such Borrower as required by, applicable “know your customer”, anti-terrorism and anti-money laundering laws and
regulations, including the Act and, for each Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, to each Lender that so requests, a duly executed

  
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and completed Beneficial Ownership Certification, in each case to the extent requested at least five (5) Business Days prior to the Effective Date. 

(b) By-Laws and Resolutions. Copies, certified by the Secretary or Assistant
Secretary of each Borrower, of its by-laws, articles of association or other operating documents and of its Board of Directors’ resolutions authorizing the execution, delivery and performance of the Loan
Documents. 
 (c) Secretary’s Certificate. An incumbency certificate, executed by the Secretary, Assistant
Secretary or director of each Borrower, which shall identify by name and title and bear the signature of the officers or directors of such Borrower authorized to sign the Loan Documents and to make borrowings hereunder, upon which certificate the
Administrative Agent and the Lenders shall be entitled to rely until informed of any change in writing by such Borrower. 

(d) Officer’s Certificate. A certificate, dated the date of this Agreement, signed by an Authorized Officer of the
Parent, in form and substance satisfactory to the Administrative Agent, to the effect that: (i) on such date (both before and after giving effect to the making of any Credit Extension hereunder on such date) no Default or Unmatured Default has
occurred and is continuing; (ii) each of the representations and warranties set forth in Article V of this Agreement is true and correct on and as of such date; and (iii) since December 31, 2020, excluding the effect of any
Disclosed Claims, no event or change has occurred that has caused or evidences a Material Adverse Effect. 
 (e) Legal
Opinions of Counsel to Borrowers. Written opinions of Latham & Watkins LLP, special counsel to the Borrowers, and Matheson, special Irish counsel to the Parent, in each case, addressed to the Administrative Agent and the Lenders in form
and substance reasonably acceptable to the Administrative Agent and its counsel. 
 (f) Notes. Any Notes requested by
a Lender pursuant to Section 2.13, requested at least two Business Days prior to the date of this Agreement, payable to each such requesting Lender. 

(g) Loan Documents. Executed copies of this Agreement and each of the other Loan Documents, which shall be in full force
and effect, together with all schedules, exhibits, certificates, instruments, opinions, documents and financial statements required to be delivered pursuant hereto and thereto. 

(h) Payment of Fees. The Parent shall have paid all fees due to each of the Arrangers under the respective fee letters
dated September 1, 2021. 
 (i) Existing Credit Agreement. The commitments under the Existing Credit Agreement
shall have expired or been terminated and all amounts owing under the Existing Credit Agreement (including all principal, interest and accrued fees) shall have been paid (or shall contemporaneously be paid) in full. By execution of this Agreement,
each of the Lenders that is a lender under the Existing Credit Agreement hereby waives any requirement set forth in the Existing Credit Agreement of prior notice of the termination of the commitments thereunder. 

  
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 4.2. Initial Advance to Each Designated Subsidiary. The obligation of each Lender to
make an initial Advance to each Designated Subsidiary is subject to the receipt by (x) the Administrative Agent on or before the date of such initial Advance of each of the following, dated such date: 

(a) Designation Agreement. A Designation Agreement duly executed by such Designated Subsidiary and the Parent. 

(b) Charter Documents; Good Standing Certificates; KYC. Copies of the certificate of incorporation (or equivalent or
comparable constitutive document with regard to any non-U.S. jurisdiction) of such Designated Subsidiary, together with all amendments thereto, certified by the appropriate governmental officer in its
jurisdiction of incorporation, together with a good standing certificate (if applicable) issued by the Secretary of State or comparable official of the jurisdiction of its organization and such other jurisdictions as shall be requested by the
Administrative Agent as well as any other information or documentation reasonably requested by the Administrative Agent or any other Lender reasonably necessary to ensure compliance with, or reasonably necessary for the Administrative Agent or any
Lender to verify the identity of such Designated Subsidiary as required by, applicable “know your customer”, anti-terrorism and anti-money laundering laws and regulations, including the Act. 

(c) By-Laws and Resolutions. Copies, certified by the Authorized Officer of such
Designated Subsidiary, of its by-laws (or equivalent or comparable governing document with regard to any non-U.S. jurisdiction) and of its board of directors’ (or
equivalent or comparable governing body with regard to any non-U.S. jurisdiction) resolutions (with an English translation if the original thereof is not in English) authorizing the execution, delivery and
performance of the Loan Documents. 
 (d) Secretary’s Certificate. An incumbency certificate, executed by the
Authorized Officer of such Designated Subsidiary, which shall identify by name and title and bear the signature of the officers of such Designated Subsidiary authorized to sign the Loan Documents and to make borrowings hereunder, upon which
certificate the Administrative Agent and the Lenders shall be entitled to rely until informed of any change in writing by such Designated Subsidiary. 

(e) Legal Opinions of Counsel to Borrowers. Written opinions of counsel to such Designated Subsidiary, addressed to the
Administrative Agent and the Lenders in form and substance reasonably acceptable to the Administrative Agent and its counsel. 

(f) Notes. Any Notes requested by a Lender pursuant to Section 2.13, requested at least two
Business Days prior to the date of such initial Advance, payable to each such requesting Lender. 
 (g) Such other approvals,
opinions or documents as any Lender, through the Administrative Agent may reasonably request; 

  
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 and (y) in the case of a Designated Subsidiary that qualifies as a “legal entity
customer” under the Beneficial Ownership Regulation, to each Lender that so requests, a duly executed and completed Beneficial Ownership Certification. 

4.3. Each Credit Extension. The Lenders shall not be required to make any Credit Extension unless on the applicable Credit Extension
Date: 
 (a) No Default or Unmatured Default shall have occurred and be continuing and none would result from such Credit
Extension. 
 (b) The representations and warranties contained in Article V (other than
Section 5.6, 5.8(a) and 5.16) are true and correct (in all respects to the extent qualified by “material” or “material adverse effect” and in all material respects to the extent not so
qualified) as of such Credit Extension Date, both immediately before and immediately after giving effect to such Credit Extension (or, to the extent that any such representation and warranty specifically refers to an earlier date, as of such earlier
date) and additionally, if such Advance shall have been requested by a Designated Subsidiary, the representations and warranties of such Designated Subsidiary contained in its Designation Agreement are true and correct (in all respects to the extent
qualified by “material” or “material adverse effect” and in all material respects to the extent not so qualified) as of such Credit Extension Date, both immediately before and immediately after giving effect to such Credit
Extension (or, to the extent that any such representation and warranty specifically refers to an earlier date, as of such earlier date). 

(c) A Borrowing Notice shall have been properly submitted. 

Each Borrowing Notice with respect to each such Credit Extension shall constitute a representation and warranty by the applicable Borrower
that the applicable conditions contained in Section 4.3 shall be satisfied (or waived). 
 4.4. Each Commitment
Increase. The Commitments shall not be increased in accordance with Section 2.19 unless on the applicable Increase Date: 

(a) No Default or Unmatured Default shall have occurred and be continuing and none would result from such Commitment Increase.

 (b) The representations and warranties contained in Article V are true and correct (in all respects to the extent
qualified by “material” or “material adverse effect” and in all material respects to the extent not so qualified) as of such Increase Date immediately after giving effect to such Commitment Increase (or, to the extent that any
such representation and warranty specifically refers to an earlier date, as of such earlier date). 
 Each notice of Commitment Increase
with respect to each such Commitment Increase shall constitute a representation and warranty by the Borrower Representative that the applicable conditions contained in Section 4.4 shall be satisfied (or waived). 

4.5. Each Commitment Extension. The Commitments shall not be extended in accordance with Section 2.22 unless
on the applicable Anniversary Date: 

  
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 (a) No Default or Unmatured Default shall have occurred and be continuing
and none would result from such Commitments. 
 (b) The representations and warranties contained in Article V are true
and correct (in all respects to the extent qualified by “material” or “material adverse effect” and in all material respects to the extent not so qualified) as of such Anniversary Date, both immediately before and immediately
after giving effect to such extension of the Facility Termination Date (or, to the extent that any such representation and warranty specifically refers to an earlier date, as of such earlier date). 

Each request for an extension of the Facility Termination Date shall constitute a representation and warranty by the Borrower Representative
that the applicable conditions contained in Section 4.5 shall be satisfied (or waived). 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

The Parent represents and warrants to the Lenders that: 

5.1. Corporate Existence and Standing. Each Loan Party and each of its Significant Subsidiaries is duly organized, validly existing and
in good standing (or its equivalent, if any) under the laws of its jurisdiction of organization and is duly qualified and in good standing (or its equivalent, if any) and is duly authorized to conduct its business in each jurisdiction in which its
business is conducted or proposed to be conducted that requires such authorization or qualification, except where failure to be in such good standing (or its equivalent, if any) or so qualified or authorized would not reasonably be expected to have
a Material Adverse Effect. 
 5.2. Authorization and Validity. Each Loan Party has all requisite corporate or limited liability
company power (or equivalent power with regard to any non-U.S. jurisdiction) and authority and legal right to execute and deliver each of the Loan Documents to which it is a party and to perform its
obligations thereunder. The execution and delivery by each Loan Party of the Loan Documents to which it is a party and the performance of its obligations thereunder have been duly authorized by proper corporate proceedings or other organizational
action and such Loan Documents constitute legal, valid and binding obligations of such Loan Party enforceable against such Loan Party in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws
affecting the enforcement of creditors’ rights generally. 
 5.3. Compliance with Laws. Each Loan Party and its Subsidiaries have
complied in all material respects with all the requirements of applicable statutes, rules, regulations, orders and restrictions of any domestic or foreign government, or any instrumentality or agency thereof having jurisdiction over the conduct of
their respective businesses or the ownership of their respective properties except (i) if such requirement of statute, rule, regulation, order or restriction is being contested in good faith by appropriate proceedings or (ii) where the
failure to so comply would not reasonably be expected to have a Material Adverse Effect. None of the execution, delivery and performance by any Loan Party of the Loan Documents to which it is a party, the application of the proceeds of the Loans, or
compliance with the provisions of the Loan 

  
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Documents will, or at the relevant time did, (a) violate any law, rule, regulation (including Regulation U), order, writ, judgment, injunction, decree or award binding on such Loan Party or
such Loan Party’s Organization Documents, (b) violate the provisions of or require the approval or consent of any party to any indenture, instrument or agreement to which such Loan Party is a party or is subject, or by which it, or its
Property, is bound, or conflict with or constitute a default thereunder, or result in the creation or imposition of any Lien (other than Liens permitted by the Loan Documents) in, of or on the Property of such Loan Party pursuant to the terms of any
such indenture, instrument or agreement, or (c) require any consent of the stockholders of any Person (other than to the extent obtained and in full force and effect), in the case of each of clauses (a), (b) and (c), except those which are
being contested in good faith by appropriate proceedings or for any violation of, or failure to obtain an approval or consent required under, any such indenture, instrument or agreement that would not reasonably be expected to have a Material
Adverse Effect. 
 5.4. Governmental Consents. No order, consent, approval, qualification, license, authorization, or validation of,
or filing, recording or registration with, or exemption by, or other action in respect of, any court, governmental or public body or authority, or any subdivision thereof, any securities exchange or other Person is required to authorize in
connection with the execution, delivery, consummation or performance of any of the Loan Documents or the application of the proceeds of the Loans, except for such orders, consents, approvals, qualifications, licenses, authorizations, or validations
of, or filings, recordings or registrations, exemptions, or other actions that have already been taken, given or received or the failure of which to take, give or receive could not reasonably be expected to have a Material Adverse Effect. No Loan
Party or any Subsidiary is in default under or in violation of any foreign, federal, state or local law, rule, regulation, order, writ, judgment, injunction, decree or award binding upon or applicable to such Loan Party or such Subsidiary, in each
case the consequence of which default or violation would reasonably be expected to have a Material Adverse Effect. 
 5.5. Financial
Statements. The Parent has heretofore made available to each of the Lenders (a) the December 31, 2020 audited consolidated financial statements of the Parent and its Subsidiaries, and (b) the unaudited quarterly consolidated
financial statements of the Parent and its Subsidiaries through June 30, 2021 (collectively, the “Financial Statements”). Each of the Financial Statements was prepared in accordance with generally accepted accounting principles
and fairly presents, in all material respects, the consolidated financial condition and operations of the Parent and its Subsidiaries at such dates and the consolidated results of their operations for the respective periods then ended (except, in
the case of such unaudited statements, for normal year-end audit adjustments and the absence of footnotes). 

5.6. Material Adverse Change. Since December 31, 2020, as of the date hereof, excluding the effect of any Disclosed Claims, there
has not occurred any event, change, effect, development, state of facts, condition, circumstance or occurrence that has had or would reasonably be expected to have a Material Adverse Effect. 

5.7. Taxes. Each Loan Party and its Subsidiaries have filed or caused to be filed all United States federal, United Kingdom, Irish and
other material Tax returns which are required to be filed by them and have paid all Taxes due pursuant to said returns or pursuant to any assessment received by such Loan Party or Subsidiary, except such Taxes, if any, as are being 

  
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contested in good faith and as to which adequate reserves have been provided in accordance with generally accepted accounting principles or which would not reasonably be expected to have a
Material Adverse Effect. 
 5.8. Litigation and Contingent Obligations. There is no litigation, arbitration, proceeding, inquiry or
governmental investigation (including, without limitation, by the Federal Trade Commission) pending or, to the knowledge of any of their officers, threatened against any Loan Party that would reasonably be expected (a) to have a Material
Adverse Effect as of the date hereof, except for Disclosed Claims or (b) to prevent or enjoin the making of any Credit Extensions under this Agreement. 

5.9. ERISA. (a) Neither any Loan Party nor any member of the Controlled Group maintains, or is obligated to contribute to, any
Multiemployer Plan or has incurred, or is reasonably expected to incur, any withdrawal liability to any Multiemployer Plan. Each Plan complies in all material respects with its terms and with all applicable requirements of law and regulations,
except if failure to comply would not reasonably be expected to have a Material Adverse Effect. Neither any Loan Party nor any member of the Controlled Group has, with respect to any Plan, failed to make any contribution or pay any amount required
under Section 412 of the Code or Section 302 of ERISA or the terms of such Plan which would reasonably be expected to have a Material Adverse Effect. There are no pending or, to the knowledge of any officer of a Loan Party, threatened
claims, actions, investigations or lawsuits against any Plan, any fiduciary thereof, or such Loan Party or any member of the Controlled Group with respect to a Plan which would reasonably be expected to have a Material Adverse Effect. Neither any
Loan Party nor any member of the Controlled Group has engaged in any prohibited transaction (as defined in Section 4975 of the Code or Section 406 of ERISA) in connection with any Plan which would reasonably be expected to have a Material
Adverse Effect. No Termination Event has occurred or is reasonably expected to occur with respect to any Plan which would reasonably be expected to have a Material Adverse Effect. 

(b) As of the date hereof, no Borrower is nor will be (1) an employee benefit plan subject to Title I of ERISA, (2) a plan or account
subject to Section 4975 of the Code; (3) an entity deemed to hold “plan assets” of any such plans or accounts for purposes of ERISA or the Code; or (4) a “governmental plan” within the meaning of ERISA. 

(c) Except as would not reasonably be expected to have a Material Adverse Effect, neither the Parent nor any Subsidiary as of the date hereof
is, or has at any time in the six years prior to the date hereof been, (i) an employer (for the purposes of Sections 38 to 51 of the Pensions Act 2004) of any occupational pension scheme which is not a money purchase scheme (as both such terms
are defined in the Pension Schemes Act 1993), is not a Permitted UK Defined Benefit Pension Plan and is not a scheme within Section 38(1)(b) of the Pensions Act 2004 or (ii) “connected” with or an “associate” (as those terms
are used in Sections 38 and 43 of the Pensions Act 2004) of such an employer. The present value of all accumulated benefit obligations under each Permitted UK Defined Benefit Pension Plan (based on the assumptions used for purposes of Statement of
Financial Accounting Standards No. 87) did not exceed the fair market value of the assets of such Permitted UK Defined Benefit Pension Plan, in each case as of the date of the most recent financial statements prior to the date hereof reflecting
such amounts, except where any underfunding of the Permitted UK Defined Benefit Pension Plans 

  
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(based on the assumptions used for purposes of Statement of Financial Accounting Standards No. 87) as of such date would not reasonably be expected to have a Material Adverse Effect. As of
the date hereof, neither the Parent nor any Subsidiary has been issued with a contribution notice or financial support direction by the UK Pensions Regulator or received any warning notice from the UK Pensions Regulator relating to the issue of a
contribution notice or financial support direction. 
 5.10. Regulations T, U and X. Margin Stock constitutes less than 25% of those
assets of the Loan Parties and their Subsidiaries, which are subject to any limitation on sale, pledge or other restriction hereunder. No Loan Party or any Subsidiary is engaged, principally, or as one of its important activities, in the business of
extending, or arranging for the extension of, credit for the purpose of purchasing or carrying Margin Stock. No part of the proceeds of any Loan will be used in a manner which would violate, or result in a violation of, Regulation T, U, X or for
carrying any Margin Stock or any other purpose that might cause any Advance to be considered a “purpose credit” within the meaning of Regulations T, U or X. Neither the making of any Advance hereunder nor the use of the proceeds thereof
will violate or be inconsistent with the provisions of Regulation T, U or X. 
 5.11. Investment Company. No Loan Party is, or after
giving effect to any Advance will be required to be registered as, an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended. 

5.12. Ownership of Properties. As of the date of this Agreement, the Parent and its Subsidiaries have fee simple title to all of the
Properties reflected in the Financial Statements as being owned by the Parent and its Subsidiaries, except for Properties sold, transferred or otherwise disposed of in the ordinary course of business or as disclosed in the Disclosed Claims, since
the date thereof. Each Loan Party and its Subsidiaries own or possess rights to use all patents, patent applications, copyrights, service marks, trademarks and trade names necessary to continue to conduct their business as currently conducted,
except where the failure to have any such rights would not reasonably be expected to have a Material Adverse Effect, and no such patent or trademark has been declared invalid, been limited by order of any court or by agreement or is the subject of
any infringement, interference or similar proceeding or challenge, except for invalidities, limitations, proceedings and challenges which would not reasonably be expected to have a Material Adverse Effect. 

5.13. Environmental Laws. There are no claims, investigations, litigation, administrative proceedings, notices, requests for
information, whether pending or, to the knowledge of any officer of a Loan Party, threatened, or judgments or orders asserting violations of applicable federal, state and local environmental, health and safety statutes, regulations, ordinances,
codes, rules, orders, decrees, directives and standards (“Environmental Laws”) or alleging potential liability or responsibility under Environmental Laws relating to any toxic or hazardous waste, substance or chemical or any
pollutant, contaminant, chemical or other substance defined or regulated pursuant to any Environmental Law, including, without limitation, asbestos, petroleum, crude oil or any fraction thereof (“Hazardous Materials”) asserted
against any Loan Party or any of its Subsidiaries which, in any case, would reasonably be expected to have a Material Adverse Effect. Neither any Loan Party nor any Subsidiary has 

  
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caused or permitted any Hazardous Materials to be Released, either on or under real property, currently or formerly, legally or beneficially owned or operated by such Loan Party or any Subsidiary
or on or under real property to which such Loan Party or any of its Subsidiaries transported, arranged for the transport or disposal of, or disposed of Hazardous Materials, which Release would reasonably be expected to have a Material Adverse
Effect. 
 5.14. Insurance. Each Loan Party and its Subsidiaries maintain, with insurance companies believed to be financially sound
and reputable, insurance on their tangible Property in such amounts and covering such risks as is consistent with sound business practice. 

5.15. Insurance Licenses. No material license, permit or authorization of any Loan Party or any Subsidiary to engage in the business of
insurance or insurance-related activities is the subject of a proceeding for suspension or revocation, except where such suspension or revocation would not reasonably be expected to have a Material Adverse Effect. 

5.16. Disclosure. All material information (other than projections, estimates or forward-looking information) heretofore furnished by
the Parent or any Borrower to the Administrative Agent or any Lender for purposes of or in connection with this Agreement or any transaction contemplated hereby is, and all such information hereafter furnished by the Parent or any Borrower to the
Administrative Agent or any Lender will be, true and accurate in all material respects on the date as of which such information is stated or certified. All projections, estimates or forward-looking statements, if any, that have been or will be
prepared by the Parent or any Borrower and made available to the Administrative Agent or any Lender have been or will be prepared in good faith based upon assumptions that the Parent or such Borrower believes are reasonable (it being understood that
such projections, estimates or forward-looking statements are subject to significant risks, uncertainties and contingencies, many of which are beyond the Parent’s or such Borrower’s control, and that actual results may vary materially from
such projections, estimates or forward-looking statements). The Parent has disclosed to the Lenders in writing (including pursuant to the Parent’s filings with the Securities and Exchange Commission) any and all facts which, in the
Parent’s good faith judgment, materially adversely affect the business, operations or financial condition of the Parent and its Subsidiaries, taken as a whole, or the ability of the Borrowers to perform their obligations under this Agreement.

 5.17. Anti-Corruption Laws and Sanctions. The Parent has implemented and maintains in effect policies and procedures reasonably
designed to promote compliance by the Parent, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. The Parent, its Subsidiaries and their respective directors, officers
and employees and, to the knowledge of any officer of the Parent, the agents of the Parent and its Subsidiaries, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of the Parent, any Subsidiary or, to
the knowledge of any officer of the Parent, any of their respective directors, officers, or employees is a Sanctioned Person; other than to the extent this representation would result in a violation of Council Regulation (EC) No 2271/96, as amended
(or any implementing law or regulation in any member state of the European Union or the United Kingdom). 

  
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 ARTICLE VI 

COVENANTS 
 So long
as any Loan shall remain unpaid or any Lender shall have any Commitment hereunder, unless the Required Lenders shall otherwise consent in writing: 

6.1. Financial Reporting. Each Loan Party will maintain, for itself and its Subsidiaries, a system of accounting designed to produce the
financial statements required pursuant to this Section 6.1 in accordance with the Agreement Accounting Principles, and the Parent will furnish to the Lenders: 

(a) As soon as practicable and in any event within ninety (90) days after the close of its Fiscal Year, an audit report of
the Parent and its Subsidiaries on a Consolidated basis, certified by independent certified public accountants of nationally recognized standing, or as reasonably acceptable to the Required Lenders, which report shall not be subject to any
“going concern” or like qualification or qualified as to the scope of such audit, prepared in accordance with generally accepted accounting principles on a consolidated basis for itself and its Subsidiaries, including balance sheets as of
the end of such period and related statements of income, retained earnings and cash flows. 
 (b) As soon as practicable and
in any event within 45 days after the close of the first three Fiscal Quarters of each of its Fiscal Years, for itself and its Subsidiaries, consolidated unaudited balance sheets as at the close of each such period and consolidated statements of
income, retained earnings and cash flows for the period from the beginning of such Fiscal Year to the end of such quarter, all certified by its president, chief financial officer or treasurer as fairly presenting in all material respects the
financial condition, results of operations and cash flows of the Parent and its Subsidiaries, subject to normal year-end adjustments and the absence of footnotes. 

(c) Together with the financial statements required by clauses (a) and (b) above, a Compliance Certificate
signed by its president, chief financial officer or treasurer (i) showing the calculations necessary to determine compliance with Section 6.14, provided that in the event of any change in generally accepted
accounting principles used in the preparation of such financial statements, it shall also provide, if necessary for the determination of compliance with Section 6.14, a statement of reconciliation conforming such financial
statements to Agreement Accounting Principles, and (ii) stating that no Default or Unmatured Default has occurred and is continuing, or if any Default or Unmatured Default has occurred and is continuing, stating the nature and status thereof.

 (d) [Reserved]. 

(e) As soon as possible and in any event within thirty (30) days after an officer of the Parent acquiring knowledge that
any Termination Event has occurred with respect to any Plan, a statement, signed by its chief financial officer or treasurer, describing said Termination Event and the action which it proposes to take with respect

  
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thereto; provided that no such notice shall be required to be given unless such Termination Event would reasonably be expected to result in liabilities of the Parent or any of its
Subsidiaries in excess of $100,000,000. 
 (f) As soon as possible and in any event within thirty (30) days after an
officer of the Parent acquiring knowledge thereof, notice of the assertion or commencement of any claims, action, suit or proceeding against or affecting any Loan Party or any Subsidiary which would reasonably be expected to have a Material Adverse
Effect. 
 (g) Promptly upon an officer of the Parent acquiring knowledge thereof, notice of any change in the credit rating
of the senior unsecured long term debt of the Parent by S&P or Moody’s or any notice of an intent to make such change or cease to provide a credit rating for such debt by either such ratings agency. 

(h) Promptly upon the furnishing thereof to its shareholders, copies of all financial statements, reports and proxy statements
so furnished (or links to pages on its website where such information may be accessed by each Lender). 
 (i) Promptly upon
the filing thereof, copies of all registration statements and annual, quarterly, monthly or other regular reports which its or any of its Subsidiaries files with the SEC (or links to pages on its website where such information may be accessed). 

(j) Such other information (including, without limitation, non-financial information)
as the Administrative Agent or any Lender may from time to time reasonably request; provided that neither the Parent nor any of its Subsidiaries will be required to disclose any document, information or other matter in respect of which
disclosure to the Administrative Agent or any Lender (or its respective designated representative) is as reasonably determined by an officer of the Parent then prohibited by applicable law or any agreement binding on the Parent or any of its
Subsidiaries or is subject to attorney-client or similar privilege or constitutes attorney work product. 
 Notwithstanding the foregoing, the obligations
in paragraphs (a), (b), (h) and (i) of this Section 6.1 may be satisfied with respect to the Parent and its Subsidiaries by the filing with the SEC of (A) the Parent’s form
10-K or 10-Q, as applicable, and (B) such other financial statements, reports, proxy statements, registration statements and other reports. 

6.2. Use of Proceeds. The Parent will, and will cause each Subsidiary of the Parent to, use the proceeds of the Credit Extensions for
general corporate purposes and the financing of transactions permitted hereunder. The Parent will not, nor will it permit any Subsidiary to, use any of the proceeds of the Advances to purchase or carry any “margin stock” (as defined in
Regulation U). No Borrower or any of its Subsidiaries shall directly, or to the knowledge of an officer of the Parent, indirectly use the proceeds of any Advance in furtherance of an offer, payment, promise to pay, or authorization of the payment or
giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws. No Borrower, any of its Subsidiaries or their respective directors, officers, employees or agents shall directly, or to the 

  
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knowledge of an officer of the Parent, indirectly use the proceeds of any Advance for the purpose of financing any activities, business or transaction of or with any Sanctioned Person or a Person
known by the Parent to be 50% or more owned by a Sanctioned Person, or in any Sanctioned Country, except where such activities, business or transaction could be conducted legally by U.S. Persons generally. 

6.3. Notice of Default. The Parent will give prompt (but in any case within ten (10) days) notice in writing to the Lenders of the
occurrence of (a) any Default or Unmatured Default that is continuing and (b) subject to Section 6.1(f), any other event or development, financial or other, relating specifically to any Loan Party or any of its
Subsidiaries (and not of a general economic or political nature) which would reasonably be expected to have a Material Adverse Effect. 

6.4. Conduct of Business. The Parent will, and will cause each Subsidiary to, (a) carry on and conduct its business in
substantially the same manner and in substantially the same fields of enterprise as it is presently conducted, and will not, and will not permit any of its Subsidiaries to, engage in any business other than (i) businesses in the same fields of
enterprise as now conducted by it and its Subsidiaries or (ii) businesses that are reasonably related or incidental thereto or that, in the judgment of its board of directors, are reasonably expected to materially enhance the other businesses
in which it and its Subsidiaries are engaged, and (b) do all things necessary to remain duly organized, validly existing and in good standing (or the equivalent, if any) in its jurisdiction of organization and maintain all requisite authority
to conduct its business in each jurisdiction in which its business is conducted, except where failure to be in such good standing (or the equivalent, if any) or so qualified or authorized would not reasonably be expected to have a Material Adverse
Effect; provided, however, that nothing in this Section 6.4 shall prohibit the dissolution or sale, transfer or other disposition of any Subsidiary that is not otherwise prohibited by this Agreement. 

6.5. Taxes. The Parent will, and will cause each Subsidiary to, pay when due all material Taxes required to be paid by it, except those
which are being contested in good faith by appropriate proceedings and with respect to which adequate reserves have been set aside or nonpayment of which would not reasonably be expected to have a Material Adverse Effect. 

6.6. Insurance. The Parent will, and will cause each Subsidiary to, maintain with insurance companies believed to be financially sound
and reputable insurance on all their tangible Property in such amounts and covering such risks as is consistent with sound business practice, and it will furnish to the Administrative Agent and any Lender upon reasonable written request, reasonably
detailed information as to the insurance carried. 
 6.7. Compliance with Laws. The Parent will, and will cause each Subsidiary to,
comply with all laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject, the failure to comply with which would reasonably be expected to have a Material Adverse Effect. The Parent will maintain
in effect policies and procedures reasonably designed to promote compliance by the Parent, its Subsidiaries and their respective directors, officers and employees with Anti-Corruption Laws and applicable Sanctions; other than to the extent this
covenant would result in a violation of Council Regulation (EC) No 

  
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2271/96, as amended (or any implementing law or regulation in any member state of the European Union or the United Kingdom). 

6.8. Maintenance of Properties. The Parent will, and will cause each Subsidiary to, do all things necessary to maintain, preserve,
protect and keep its tangible Property in good repair, working order and condition, and make all necessary and proper repairs, renewals and replacements except to the extent that failure to do so would not reasonably be expected to have a Material
Adverse Effect. 
 6.9. Inspection. The Parent will, and will cause each Subsidiary to, permit the Administrative Agent and the
Lenders, by their respective representatives and agents, during normal business hours, to inspect any of the Property, corporate books and financial records of such Loan Party and each Subsidiary, to examine and make copies of the books of accounts
and other financial records of such Loan Party and each Subsidiary, and to discuss the affairs, finances and accounts of such Loan Party and each Subsidiary with, and to be advised as to the same by, their respective officers at such reasonable
times and intervals as the Lenders may designate; provided that neither the Parent nor any of its Subsidiaries will be required to disclose, permit the inspection, examination or making of extracts, or discussion of, any document, information
or other matter in respect of which disclosure to the Administrative Agent or any Lender (or its respective designated representative) is as reasonably determined by an officer of the Parent then prohibited by applicable law or any agreement binding
on the Parent or any of its Subsidiaries or is subject to attorney-client or similar privilege or constitutes attorney work product; provided, further, excluding any such visits and inspections during the continuation of a Default, no
Lender shall exercise such rights more often than one (1) time during any calendar year at the expense of the Parent; provided, further, when a Default is continuing, the Administrative Agent, and each Lender may do any of the
foregoing at the expense of the Parent at any time during normal business hours and upon reasonable advance notice. The Parent will keep or cause to be kept, and cause each Subsidiary to keep or cause to be kept, appropriate records and books of
account in which complete entries are to be made reflecting its and their business and financial transactions, sufficient to permit the preparation of financial statements in accordance with Section 6.1. 

6.10. Merger. The Parent will not, nor will it permit any Subsidiary to, merge or consolidate with or into any other Person or convey,
transfer, lease or otherwise dispose of (whether in one transaction or in a series of transactions) all or substantially all of the assets of the Parent, except that: 

(a) a Wholly-Owned Subsidiary (other than a Borrower) may merge into, consolidate with or dispose of assets to any Loan Party or any
Wholly-Owned Subsidiary of a Loan Party; 
 (b) any Loan Party or any Subsidiary may merge or consolidate with or dispose of assets to any
other Person so long as 
 (i) in the case of a merger or consolidation to which the Parent is a party, (A) the Parent
is the surviving corporation and (B) the Parent remains organized under the laws of the United Kingdom (including its member countries), Ireland or of the United States, any state thereof or the District of Columbia; 

  
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 (ii) in the case of a Borrower, (A) a Borrower is the surviving
corporation and (B) such Borrower remains organized under the laws of the United Kingdom (including its member countries), Ireland or of the United States, any state thereof or the District of Columbia; 

(iii) in the case of a merger or consolidation to which any Guarantor (other than the Parent) is a party or a disposal of all
or substantially all of the assets of any Guarantor (other than the Parent), such Guarantor is the surviving Person or the surviving Person shall expressly assume the obligations of such Guarantor in a manner reasonably acceptable to the
Administrative Agent; and 
 (iv) in the case of a merger or consolidation to which a Subsidiary is a party and to which a
Loan Party is not a party or a disposal of all or substantially all of the assets of any Subsidiary (other than to a Loan Party), the surviving corporation is a Subsidiary, and in any such case, prior to and after giving effect to such merger or
consolidation, no Default or Unmatured Default shall have occurred and be continuing; and 
 (c) any Subsidiary may enter into a merger or
consolidation as a means of effecting a disposition or acquisition which would not result in the disposition of all or substantially all of the assets of the Parent. 

6.11. Liens. The Parent will not, nor will it permit any Subsidiary to, create, incur, or suffer to exist any Lien in, of or on the
Property of the Parent or any of its Subsidiaries, except: 
 (a) Liens for taxes, assessments or governmental charges or
levies that are not delinquent, can be paid without penalty, or are being contested in good faith by appropriate proceedings and with respect to which adequate reserves in accordance with generally accepted principles of accounting shall have been
set aside; 
 (b) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ liens and other
similar liens arising in the ordinary course of business which secure the payment of obligations not more than ninety (90) days past due or which are being contested in good faith by appropriate proceedings and for which adequate reserves shall
have been set aside on its books; 
 (c) Liens arising out of pledges or deposits under worker’s compensation laws,
unemployment insurance, old age pensions, or other social security or retirement benefits, or similar legislation; 
 (d)
Liens arising out of deposits to secure the performance of bids, trade contracts, leases, subleases, statutory obligations, surety, stay, customs and appeal bonds, performance bonds and other obligations of like nature (including those to secure
health, safety and environmental obligations); 
 (e) Utility easements, building restrictions and such other encumbrances or
charges against real property as are of a nature generally existing with respect to properties of a similar character; 

  
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 (f) Banker’s liens, rights of
set-off or similar rights with respect to (i) deposit accounts maintained with a depository institution in the ordinary course of business, (ii) securing obligations with respect to the maintenance
of such accounts (and in no event securing any Indebtedness or other obligations) and (iii) pooled deposit or sweep accounts of the Parent or its Subsidiaries to permit satisfaction of overdraft or similar obligations in the ordinary course of
business; 
 (g) Liens on cash collateral or other deposits securing obligations in respect of letters of credit issued in
the ordinary course of business or consistent with past practice or industry practice; 
 (h) Any Lien arising by operation
of law in the ordinary course of business in respect of any obligation which is less than ninety (90) days overdue or which is being contested in good faith and by appropriate means and for which adequate reserves have been made; 

(i) Liens created by any Loan Party or its Subsidiaries over deposits and investments in the ordinary course of such
Person’s insurance and reinsurance business to comply with the requirements of any regulatory body of insurance or insurance brokerage business; 

(j) Any Liens arising for the benefit of a credit institution pursuant to Clause 24 General Banking Conditions of the
Netherlands Bankers Association (Algemene Voorwaarden van de Nederlandse Vereniging van Banken) in respect of any bank account held with a credit institution in the Netherlands; 

(k) Liens over and limited to the balance of credit balances on bank accounts of any Loan Party and its Subsidiaries created in
order to facilitate the operation of such bank accounts and other bank accounts of such Loan Party and its Subsidiaries on a net balance basis with credit balances and debit balances on the various accounts being netted off for interest purposes;

 (l) Liens existing on the date hereof and, with respect to each such Lien securing Indebtedness or other obligations in an
aggregate committed or principal amount in excess of $5,000,000, set forth on Schedule 6.11; 
 (m) leases, licenses,
subleases or sublicenses granted to other Persons in the ordinary course of business (or other agreement under which the Parent or a Subsidiary has granted rights to end users to access and use the Parent or any Subsidiary’s products,
technologies, facilities or services); 
 (n) ground leases in respect of real property on which facilities owned or leased
of the Parent or any of its Subsidiaries are located; 
 (o) Liens on Property of the Parent or any of its Subsidiaries
created solely for the purpose of securing purchase money indebtedness or Capitalized Leases and representing or incurred to finance, refinance or refund the purchase price of Property; provided that

  
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no such Lien shall extend to or cover other Property of the Parent or such Subsidiary other than the respective Property so acquired or leased; 

(p) Liens arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered into
by the Parent or any of its Subsidiaries in the ordinary course of business; 
 (q) Liens existing on Property at the time of
(and not in contemplation of) its acquisition or existing on the Property of any Person at the time such Person becomes (and not in contemplation of such Person becoming) a Subsidiary, after the date of this Agreement; provided, such Lien
does not extend to or cover any other assets or Property (other than the proceeds or products thereof and other than after-acquired Property of such acquired Subsidiary); 

(r) purported Liens evidenced by the filing of precautionary Uniform Commercial Code financing statements or similar public
filings; and 
 (s) other Liens securing an aggregate principal amount of obligations at no time exceeding an amount equal to
the greater of $1,000,000,000 or ten percent (10%) of Consolidated Net Worth at such time. 
 6.12. Affiliates. The Parent will not,
and will not permit any Subsidiary to, enter into any transaction (including, without limitation, the purchase or sale of any Property or service) with, or make any payment or transfer to, any Affiliate except: 

(a) for transactions between the Parent and any Wholly Owned Subsidiary or between Wholly Owned Subsidiaries, 

(b) payment of employees, consultants, officers and directors and benefits (including retirement, health, stock option and other benefit
plans), severance and indemnification arrangements in the ordinary course or as approved by the board of directors or comparable governing body of the Parent or any Subsidiary, 

(c) provision of financial and other services and the sharing of know-how, technology and office space
in the ordinary course of business, and 
 (d) upon terms no less favorable to such Person than such Person would obtain in a comparable arm’s-length transaction. 
 6.13. Change in Fiscal Year. The Parent shall not change its
Fiscal Year to end on any date other than December 31 of each year. 
 6.14. Financial Covenants. 

(a) Consolidated Adjusted EBITDA to Consolidated Interest Expense. The Parent will maintain as of the last day of each
Measurement Period a ratio of Consolidated Adjusted EBITDA to Consolidated Interest Expense of not less than 4.0 to 1.0. 

  
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 (b) Consolidated Leverage Ratio. The Parent will maintain as of the
last day of each Measurement Period a Consolidated Leverage Ratio of not more than 3.25:1.00; provided that, upon the written notice of the Parent (such notice, which shall include a listing of the acquisitions so made, a
“Covenant Reset Notice”), but without any action on the part of the Administrative Agent or any Lender, at any time where during the prior twelve-month period the Parent can demonstrate that it and/or any Subsidiaries of the Parent
have made acquisitions whose aggregate consideration equals or exceeds $500,000,000 (which amount of aggregate consideration is calculated consistent with past practice), the maximum Consolidated Leverage Ratio permitted under this
Section 6.14(b) shall be automatically increased from 3.25 to 1.00 to 3.50 to 1.00 for a period of four fiscal quarters (a “Covenant Reset Period”), commencing with the fiscal quarter in which one of the subject acquisitions
included in the Covenant Reset Notice is consummated; provided, further, that the Parent shall provide to the Administrative Agent such details with respect to such acquisitions as the Administrative Agent, in its reasonable
discretion, shall request; provided, further, that after the end of each Covenant Reset Period, the Parent shall deliver to the Administrative Agent an executed Compliance Certificate that shall evidence the Parent’s compliance
with a Consolidated Leverage Ratio of 3.25 to 1.00 for a full fiscal quarter following the end of such Covenant Reset Period before becoming entitled to make an additional Covenant Reset Notice (which, for the avoidance of doubt, must nonetheless
comply with the other requirements of this Section 6.14(b)). 
 6.15. ERISA. (a) The Parent will (i) fulfill and cause each
member of the Controlled Group to fulfill its obligations under the minimum funding standards of Section 302 of ERISA and Section 412 of the Code with respect to each Single Employer Plan, (ii) comply with all applicable provisions of
ERISA and the Code with respect to each Single Employer Plan, except where such failure or noncompliance would not reasonably be expected to have a Material Adverse Effect and (iii) not, and not permit any member of the Controlled Group, to
(A) seek a waiver of the minimum funding standards under ERISA, (B) terminate or withdraw from any Plan or (C) take any other action with respect to any Plan which would reasonably be expected to entitle the PBGC to terminate, impose
liability in respect of, or cause a trustee to be appointed to administer, any Plan, unless the actions or events described in the foregoing clauses (A), (B) or (C) would not reasonably be expected to have a Material Adverse Effect. 

(b) Except as would not reasonably be expected to have a Material Adverse Effect, neither the Parent nor any Subsidiary will be (i) an
employer (for the purposes of Sections 38 to 51 of the Pensions Act 2004) of any occupational pension scheme which is not a money purchase scheme (as both such terms are defined in the Pension Schemes Act 1993), is not a Permitted UK Defined Benefit
Pension Plan and is not a scheme within Section 38(1)(b) of the Pensions Act 2004 or (ii) “connected” with or an “associate” (as those terms are used in Sections 38 and 43 of the Pensions Act 2004) of such an employer. 

6.16. Indebtedness. The Parent will not permit any Subsidiary (other than a Guarantor) to create, incur, assume or suffer to exist any
Indebtedness, except: 
 (a) Indebtedness under the Loan Documents; 

  
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 (b) Indebtedness under the Credit Agreement dated as of October 19, 2017 among the
Parent, Aon Corporation, the lenders parties thereto and Citibank, as administrative agent, and any replacement, renewal or refinancing thereof (as amended, restated, extended, waived, supplemented or otherwise modified from time to time, the
“2017 Credit Agreement”), provided that no other Subsidiary (other than a Subsidiary that becomes a borrower thereunder) becomes obligated in respect thereof; 

(c) Indebtedness owed to a Loan Party or a Subsidiary of a Loan Party; 

(d) Indebtedness under performance bonds, surety bonds or letter of credit obligations to provide security under worker’s compensation
laws, unemployment insurance, old age pensions, or other social security or retirement benefits, or similar legislation, and bank overdrafts, in each case, incurred in the ordinary course of business; 

(e) Indebtedness of any Subsidiary existing as of the date hereof (other than Indebtedness described in clause (a) or (b) above), and any
replacement, renewal or refinancing thereof (including any other Subsidiary becoming a primary obligor in respect thereof); provided that the principal amount thereof is not increased, other than by the amount of premiums paid thereon and the
fees and expenses incurred in connection therewith and by the amount of unfunded commitments with respect thereto; 
 (f) Indebtedness under
Hedging Agreements entered into in the ordinary course of business and not for speculative purposes; 
 (g) Capitalized Lease Obligations and
purchase money indebtedness; 
 (h) Contingent Obligations not reflected as debt on the Consolidated balance sheet of the Parent and its
Subsidiaries; 
 (i) Indebtedness in respect of netting services, overdraft protection, pooling agreements and similar arrangements in the
ordinary course of business; 
 (j) Indebtedness representing deferred compensation to employees of the Parent or any Subsidiary incurred in
the ordinary course of business; and 
 (k) other Indebtedness in an aggregate principal amount outstanding at no time exceeding an amount
equal to the greater of $1,000,000,000 or ten percent (10%) of Consolidated Net Worth at such time. 
 6.17. Additional Guarantors. If
any Intermediate Holding Company provides a guarantee of the obligations of Aon Corporation under the 2017 Credit Agreement, the Parent shall cause such Intermediate Holding Company to promptly, and within no later than 10 Business Days thereafter,
execute and deliver a Guaranty Supplement to the Administrative Agent. 

  
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 ARTICLE VII 

DEFAULTS 
 The
occurrence of any one or more of the following events shall constitute a Default: 
 7.1. Representations and Warranties. Any
representation or warranty made or deemed made by or on behalf of any Loan Party or any of its Subsidiaries to the Lenders or the Administrative Agent under or in connection with this Agreement, any other Loan Document, any Credit Extension, or any
certificate or information delivered in connection with this Agreement or any other Loan Document shall be false in any material respect on the date as of which made or deemed made. 

7.2. Non-Payment. Nonpayment of any principal of any Loan when due or nonpayment of any interest
upon any Loan or of any facility fee or other fee or obligation under any of the Loan Documents within five (5) Business Days after the same becomes due. 

7.3. Specific Covenants. The breach by any Loan Party of any of the terms or provisions of Section 6.2,
Section 6.3(a) or Sections 6.10 through 6.17. 
 7.4. Other Defaults. The breach by any Loan
Party (other than a breach which constitutes a Default under Section 7.1, 7.2 or 7.3) of any of the terms or provisions of this Agreement which is not remedied within thirty (30) days after receipt of
written notice from the Administrative Agent or any Lender. 
 7.5. Cross-Default. (i) Failure of any Loan Party or any of its
Subsidiaries to pay any Indebtedness aggregating in excess of $100,000,000 when due (after giving effect to any applicable grace period); (ii) the default by any Loan Party or any of its Subsidiaries in the performance of any term, provision or
condition contained in any agreement or agreements under which any such Indebtedness was created or is governed, or the occurrence of any other event or existence of any other condition, in each case, the effect of any of which is to cause such
Indebtedness to become due prior to its stated maturity; or (iii) any such Indebtedness of any Loan Party or any of its Subsidiaries shall be required to be prepaid (other than by a regularly scheduled payment) prior to the stated maturity
thereof; provided that this clause (iii) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the Property securing such Indebtedness. 

7.6. Insolvency. Any Loan Party or any of its Significant Subsidiaries shall (a) have an order for relief entered with respect to
it under any Debtor Relief Laws as now or hereafter in effect, (b) make an assignment for the benefit of creditors, (c) apply for, seek, consent to, or acquiesce in, the appointment of a receiver, custodian, trustee, examiner, liquidator,
administrator, administrative receiver, compulsory manager or similar official for it or any Substantial Portion of its Property, (d) institute any proceeding seeking an order for relief under any Debtor Relief Laws as now or hereafter in
effect or seeking to adjudicate it a bankrupt or insolvent, or seeking suspension of payments, a moratorium of any indebtedness, dissolution, winding-up, liquidation, reorganization, arrangement, adjustment or
composition of it or its debts under any law relating to bankruptcy, insolvency, administration or reorganization or relief of debtors or fail to file an answer or other pleading denying the material allegations of any such 

  
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proceeding filed against it, (e) take any corporate action to authorize or effect any of the foregoing actions set forth in this Section 7.6, (f) fail to contest in
good faith any appointment or proceeding described in Section 7.7 or (g) become unable to pay, not pay, or admit in writing its inability to pay, its debts generally as they become due. 

7.7. Involuntary Insolvency . Without the application, approval or consent of such Loan Party or any of its Significant Subsidiaries, a
receiver, trustee, examiner, liquidator, administrator, compulsory manager or similar official shall be appointed for any Loan Party or any of its Significant Subsidiaries or any Substantial Portion of its Property or a proceeding described in
Section 7.6(d) shall be instituted against any Loan Party or any of its Significant Subsidiaries and such appointment continues undischarged or such proceeding continues undismissed or unstayed for a period of sixty
(60) consecutive days. 
 7.8. Condemnation . Any court, government or governmental agency shall condemn, seize or otherwise
appropriate, or take custody or control of (each, a “Condemnation”), all or any portion of the Property of the Parent or any of its Significant Subsidiaries which, when taken together with all other Property of the Parent and its
Significant Subsidiaries so condemned, seized, appropriated, or taken custody or control of, during the twelve-month period ending with the month in which any such Condemnation occurs, constitutes a
Substantial Portion and would result in a Material Adverse Effect. 
 7.9. Judgments . Any Loan Party or any of its Significant
Subsidiaries shall fail within thirty (30) days to pay, bond or otherwise discharge any one or more final judgments or orders for the payment of money an aggregate amount in excess of $100,000,000, which is not stayed on appeal or otherwise
being appropriately contested in good faith and as to which no enforcement actions have been commenced; provided, however, that any such judgment or order shall not be a Default under this Section 7.9 to the
extent (i) such judgment or order is covered by a valid and binding policy of insurance between the defendant and the insurer covering payment thereof and (ii) if such insurer, which shall be rated at least “A” by A.M. Best
Company, has been notified of, and has not disputed the claim made for payment of, the amount of such judgment or order. 
 7.10. Change
of Control . Any Change in Control shall occur. 
 7.11. ERISA . Any Termination Event shall occur in connection with any Plan
which would reasonably be expected to have a Material Adverse Effect. 
 7.12. Invalidity of Guaranty .
Section 15.1 shall cease to be valid and binding on or enforceable against any Guarantor, or any Guarantor shall so state in writing. 

ARTICLE VIII 

ACCELERATION, WAIVERS, AMENDMENTS AND REMEDIES 

8.1. Acceleration . (a) If any Default described in Section 7.6 or 7.7 occurs with respect to any
Borrower organized under the laws of the United States, the obligations of the Lenders to make Loans hereunder shall automatically terminate and the Obligations shall immediately become due and payable without any election or action on the part of
the Administrative Agent or any Lender. If any other Default occurs and is continuing, the Required 

  
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Lenders (or the Administrative Agent with the consent or upon the instruction of the Required Lenders) may terminate or suspend the obligations of the Lenders to make Loans hereunder, or declare
the Obligations to be due and payable, or both, whereupon the Obligations shall become immediately due and payable, without presentment, demand, protest or notice of any kind, all of which each Borrower hereby expressly waives. 

(b) If, within ten (10) Business Days after (i) acceleration of the maturity of the Obligations or (ii) termination of the
obligations of the Lenders to make Loans hereunder as a result of any Default that has occurred and is continuing (other than any Default as described in Section 7.6 or 7.7 with respect to any Borrower) and before
any judgment or decree for the payment of the Obligations due shall have been obtained or entered, the Required Lenders, in their sole discretion, shall so direct the Administrative Agent, then the Administrative Agent shall, by notice to the
Borrowers, rescind and annul such acceleration and/or termination. 
 8.2. Amendments . No Loan Document, nor any provision thereof
may be waived, amended or modified except that, subject to the provisions of this Article VIII, the Required Lenders (or the Administrative Agent with the consent in writing of the Required Lenders) and the Borrower Representative may enter
into agreements supplemental hereto for the purpose of adding or modifying any provisions to the Loan Documents or changing in any manner the rights of the Lenders or the Borrowers hereunder or thereunder or waiving any Default or Unmatured Default
hereunder or thereunder; provided, however, that no such supplemental agreement shall, without the consent of each Lender directly affected thereby: 

(a) Extend the Facility Termination Date with respect to such Lender, compromise or forgive the principal amount of any Loan,
or reduce the rate of interest or compromise or forgive payment of interest on any Loan, or reduce the amount of, or compromise or forgive payment of, any fee payable hereunder; provided that a waiver of a Default or Unmatured Default shall
not constitute a waiver or amendment under this clause (a); 
 (b) Reduce the percentage specified in the definition of
Required Lenders or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder; 

(c) Increase the amount of the Commitment of any Lender hereunder; 

(d) Amend this Section 8.2 or Section 11.2; 

(e) Permit any assignment by any Borrower of its Obligations or its rights hereunder; 

(f) Postpone the date fixed for any payment of principal of or interest on any Loan or the date fixed for any payment of fees
or other amounts due hereunder, or subordinate the Obligations to any other Indebtedness or other obligations; or 
 (g)
Release any Guarantor from its guaranty of the Borrowers’ obligations hereunder (other than pursuant to a transaction permitted hereunder). 

  
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 No amendment of any provision of this Agreement relating to the Administrative Agent shall
be effective without the written consent of the Administrative Agent. The Administrative Agent may waive payment of the fee required under Section 12.3.2 without obtaining the consent of any other party to this Agreement.

 In addition, notwithstanding anything to the contrary contained in this Section 8.2, this Agreement and the
other Loan Documents may be amended and waived with the consent of the Administrative Agent at the request of the Borrower Representative without the need to obtain the consent of any other Lender if such amendment or waiver is delivered in order
(i) to comply with local Law or advice of local counsel, (ii) to cure ambiguities or defects or (iii) to cause such other Loan Documents to be consistent with this Agreement and, in each case, the impact of such amendment or waiver on
the Lenders is de minimis. 
 8.3. Preservation of Rights. No delay or omission of the Lenders or the Administrative Agent to exercise
any right under the Loan Documents shall impair such right or be construed to be a waiver of any Default or an acquiescence therein, and the making of a Credit Extension notwithstanding the existence of a Default or the inability of any Borrower to
satisfy the conditions precedent to such Credit Extension shall not constitute any waiver or acquiescence. Any single or partial exercise of any such right shall not preclude other or further exercise thereof or the exercise of any other right, and
no waiver, amendment or other variation of the terms, conditions or provisions of the Loan Documents whatsoever shall be valid unless in writing signed by the Lenders required pursuant to Section 8.2, and then only to the
extent in such writing specifically set forth. All remedies contained in the Loan Documents or by law afforded shall be cumulative and all shall be available to the Administrative Agent and the Lenders until the Obligations have been paid in full.

 ARTICLE IX 

GENERAL PROVISIONS 

9.1. Survival of Representations. All representations and warranties of the Parent contained in this Agreement or of any Loan Party or
any Subsidiary contained in any Loan Document shall survive the making of the Credit Extensions herein contemplated. 
 9.2. Governmental
Regulation. Anything contained in this Agreement to the contrary notwithstanding, no Lender shall be obligated to extend credit to any Borrower in violation of any limitation or prohibition provided by any applicable statute or regulation. 

9.3. Headings. Section headings in the Loan Documents are for convenience of reference only, and shall not govern the interpretation of
any of the provisions of the Loan Documents. 
 9.4. Entire Agreement. The Loan Documents embody the entire agreement and
understanding among the Parent, the other Loan Parties, the Administrative Agent and the Lenders and supersede all prior agreements and understandings among the Parent, the other Loan Parties, the Administrative Agent and the Lenders relating to the
subject matter thereof other than the fee letter described in Section 10.10. 

  
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 9.5. Several Obligations; Benefits of this Agreement. The respective obligations of
the Lenders hereunder are several and not joint and no Lender shall be the partner or agent of any other (except to the extent to which the Administrative Agent is authorized to act as such). The failure of any Lender to perform any of its
obligations hereunder shall not relieve any other Lender from any of its obligations hereunder. This Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their respective
successors and assigns; provided, however, that the parties hereto expressly agree that each of the Arrangers shall enjoy the benefits of the provisions of Sections 9.6, 9.10 and 10.09 to the extent specifically
set forth therein and shall have the right to enforce such provisions on its own behalf and in its own name to the same extent as if it were a party to this Agreement. 

9.6. Expenses; Indemnification. The Parent shall reimburse the Administrative Agent and the Arrangers for any out-of-pocket expenses (including reasonable and reasonably documented attorneys’ fees and time charges of one primary counsel and, if reasonably necessary, one local
counsel in each relevant jurisdiction material to the interests of the Lenders taken as a whole (which may be a single counsel acting in multiple material jurisdictions) for the Administrative Agent or the Arrangers) paid or incurred by the
Administrative Agent or the Arrangers in connection with the preparation, negotiation, execution, delivery, syndication, distribution (including, without limitation, via the internet), review, amendment, modification, and administration of the Loan
Documents. The Parent also agrees to reimburse the Administrative Agent, the Arrangers and the Lenders for any costs, internal charges and out-of-pocket expenses
(including attorneys’ fees and time charges of attorneys for the Administrative Agent, the Arrangers and the Lenders, which attorneys may be employees of the Administrative Agent, the Arrangers or the Lenders) paid or incurred by the
Administrative Agent, the Arrangers or any Lender in connection with the collection of the Obligations or the enforcement of the Loan Documents. The Parent further agrees to indemnify the Administrative Agent, the Arrangers and each Lender, their
respective affiliates, and each of their partners, trustees, administrators, advisors, agents, directors, officers and employees against all losses, claims, damages, penalties, judgments, liabilities and expenses (including, without limitation, all
expenses of litigation or preparation therefor whether or not the Administrative Agent, the Arrangers or any Lender or any affiliate is a party thereto and whether brought by the Parent or any other Person) which any of them may pay or incur arising
out of or relating to this Agreement, the other Loan Documents, the transactions contemplated hereby, or the direct or indirect application or proposed application of the proceeds of any Credit Extension hereunder except to the extent that they are
determined in a final non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of the party seeking indemnification. This
Section 9.6 shall supersede any and all indemnification provisions entered into before the date hereof among the Parent and the Administrative Agent, any Arrangers and any Lenders. The obligations of the Parent under this
Section 9.6 shall survive the termination of this Agreement. This Section 9.6 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from
any non-Tax claim. 
 9.7. Judgments. If for the purposes of obtaining judgment in any court
it is necessary to convert a sum due hereunder in Dollars or any other Committed Currency (the “Judgment Currency”) into a different currency (the “Other Currency”), the parties hereto agree, to the fullest extent
they may effectively do so, that the rate of exchange used shall be that at which in 

  
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accordance with normal banking procedures the Administrative Agent could purchase the Judgment Currency with such Other Currency at the spot rate of exchange quoted by the Administrative Agent at
11:00 a.m. (New York City time) on the Business Day preceding that on which final judgment is given (or such other rate as may be required by any applicable Law), for the purchase of the Judgment Currency, for delivery two Business Days thereafter.

 9.8. Accounting. Except as provided to the contrary herein, all accounting terms used herein shall be interpreted and all
accounting determinations hereunder shall be made in accordance with Agreement Accounting Principles. 
 9.9. Severability of
Provisions. Any provision in any Loan Document that is held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as to that jurisdiction, be inoperative, unenforceable, or invalid without affecting the remaining provisions in
that jurisdiction or the operation, enforceability, or validity of that provision in any other jurisdiction, and to this end the provisions of all Loan Documents are declared to be severable. 

9.10. Nonliability of Lenders. The relationship between the Borrowers on the one hand and the Lenders and the Administrative Agent on
the other hand shall be solely that of borrower and lender. None of the Administrative Agent, the Arrangers or any Lender shall have any fiduciary responsibilities to any Loan Party. None of the Administrative Agent, the Arrangers or any Lender
undertakes any responsibility to any Loan Party to review or inform any Loan Party of any matter in connection with any phase of any Loan Party’s business or operations. None of the Administrative Agent, the Arrangers or any Lender shall have
any liability with respect to, and each Loan Party hereby waives, releases and agrees not to sue for, any special, indirect, consequential or punitive damages suffered by such Loan Party in connection with, arising out of, or in any way related to
the Loan Documents or the transactions contemplated thereby, including use by unintended recipients of information distributed electronically as provided herein. 

9.11. Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective managers, administrators, trustees, partners, directors, officers, employees, agents, advisors and other
representatives, and third party settlement providers (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential),
(b) to the extent requested by any regulatory authority purporting to have jurisdiction over it or its Affiliates (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent
required by applicable laws or regulations or by any subpoena or similar legal process (in which case such Person shall, except with respect to any audit or examination conducted by bank accountants or any Governmental Authority or regulatory or
self-regulatory authority exercising examination or regulatory authority, notify the Parent as soon as practicable in the event of any such disclosure by such Person unless such notification is prohibited by law, rule or regulation), (d) to any
other party hereto, (e) in connection with the exercise of any remedies hereunder or under any Note or any action or proceeding relating to this Agreement or any Note or the enforcement of rights hereunder or thereunder, (f) subject to an
agreement containing provisions no less restrictive than those of this Section, to (i) any assignee of or participant in, or any prospective assignee of or 

  
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participant in, any of its rights or obligations under this Agreement, (ii) any actual or prospective party (or its managers, administrators, trustees, partners, directors, officers,
employees, agents, advisors and other representatives) to any swap, derivative or other transaction under which payments are to be made by reference to any Loan Party and its obligations, this Agreement or payments hereunder, (iii) any rating
agency, (iv) the CUSIP Service Bureau or any similar organization or (v) any insurers and/or risk protection providers, (g) with the consent of the Parent or (h) to the extent such Information (x) becomes publicly available
other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than any Loan Party; provided that
no disclosure shall be made to any Competitor. In addition, the Administrative Agent and the Lenders may disclose this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and
service providers to the Administrative Agent or any of the Lenders in connection with the administration or servicing of this Agreement, the other Loan Documents and the Commitments. 

For purposes of this Section, “Information” means all information received from any Loan Party or any of its Subsidiaries
relating to any Loan Party or any of its Subsidiaries or any of their respective businesses, including information received prior to the date of this Agreement, other than any such information that is available to the Administrative Agent or any
Lender on a nonconfidential basis prior to disclosure by any Loan Party or any of its Subsidiaries. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its
obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

Without limiting Section 9.4, each Loan Party agrees that the terms of this Section 9.11
shall set forth the entire agreement between the Loan Parties and each Lender (including the Administrative Agent) with respect to any confidential information previously or hereafter received by such Lender in connection with this Agreement, and
this Section 9.11 shall supersede any and all prior confidentiality agreements entered into by such Lender with respect to such confidential information. 

9.12. Disclosure. Each Loan Party and each Lender hereby acknowledge and agree that Citibank and/or its Affiliates from time to time may
hold investments in, make other loans to or have other relationships with any Loan Party and its Affiliates. 
 9.13. USA PATRIOT ACT
NOTIFICATION. Each Lender hereby notifies each Loan Party that pursuant to the requirements of the USA Patriot Act (title III of Pub.L.107-56 (signed into law October 26, 2001)) (the
“Act”), it is required to obtain, verify and record information that identifies such Loan Party, which information includes the name and address of such Loan Party and other information that will allow such Lender to identify such
Loan Party in accordance with the Act, including, without limitation, for each Borrower or Designated Subsidiary that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, to each Lender that so requests, a duly
executed and completed Beneficial Ownership Certification. The Borrower Representative shall provide such information promptly upon the request of a Lender. 

  
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 9.14. Acknowledgement and Consent to Bail-In of
Affected Financial Institutions. Notwithstanding anything to the contrary in this Agreement, any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of
any Affected Financial Institution arising under this Agreement or any other Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and
consents to, and acknowledges and agrees to be bound by: 
 (a) the application of any Write-Down and Conversion Powers by the applicable EEA
Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and 

(b) the effects of any Bail-In Action on any such liability, including, if applicable: 

(i) a reduction in full or in part or cancellation of any such liability; 

(ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected
Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any
such liability under this Agreement or any Note; or 
 (iii) the variation of the terms of such liability in connection with
the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority. 
 ARTICLE X 

THE ADMINISTRATIVE AGENT 

10.1. Appointment and Authority. Each Lender hereby irrevocably appoints Citibank, N.A. to act on its behalf as the Administrative
Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such
actions and powers as are reasonably incidental thereto. Other than Sections 10.6 and 10.10, the provisions of this Article are solely for the benefit of the Administrative Agent and the Lenders, and the Loan Parties shall have no
rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative 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 as a matter of market custom, and is intended to create or reflect only an administrative
relationship between contracting parties. 
 10.2. Rights as a Lender. The Person serving as the Administrative Agent hereunder shall
have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and the term “Lender” or “Lenders” shall, unless otherwise expressly
indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. 

  
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Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for, and generally engage in any kind of
business with, any Loan Party or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders. 

10.3. Exculpatory Provisions. (a) The Administrative Agent shall not have any duties or obligations except those expressly set forth
herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent: 

(i) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Unmatured Default has
occurred and is continuing; 
 (ii) shall not have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of
the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the
Administrative Agent to liability or that is contrary to any Loan Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture,
modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 
 (iii) shall not,
except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any of its Affiliates that is communicated to or
obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 
 (b) The Administrative Agent shall
not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good
faith shall be necessary, under the circumstances as provided in Sections 8.1 or 8.2), or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction
by final and nonappealable judgment. The Administrative Agent shall be deemed not to have knowledge of any Default or Unmatured Default unless and until notice describing such Default or Unmatured Default is given to the Administrative Agent in
writing by any Loan Party or any Lender. 
 (c) The Administrative Agent shall not be responsible for or have any duty to ascertain or
inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in
connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default or Unmatured Default,

  
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(iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any
condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent. 

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

10.5. Delegation of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder
or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may
perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article shall apply to any such sub-agent and to the
Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the Commitments as well as activities as Administrative
Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and nonappealable
judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

10.6. Resignation of Administrative Agent. (a) The Administrative Agent may at any time give notice of its resignation to the Lenders
and the Borrower Representative. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, with the consent of the Borrower Representative unless a Default has occurred and is continuing (and otherwise in
consultation with the Borrower Representative), to appoint a successor, which shall be a commercial bank having capital and retained earnings of at least $100,000,000 with an office in the United States, or an Affiliate of any such bank with an
office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation (or such
earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to), on behalf of the Lenders, appoint a successor Administrative
Agent meeting the qualifications set forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

  
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 (b) If the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause
(d) of the definition thereof, the Required Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrower Representative and such Person remove such Person as Administrative Agent and, with the consent of the
Borrower Representative unless a Default has occurred and is continuing (and otherwise in consultation with the Borrower Representative), appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have
accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the
Removal Effective Date. 
 (c) With effect from the Resignation Effective Date or the Removal Effective Date (as applicable), (1) the
retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents and (2) except for any indemnity payments owed to the retiring or removed Administrative Agent, all
payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent
as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring or removed
Administrative Agent (other than any rights to indemnity payments owed to the retiring or removed Administrative Agent), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under
the other Loan Documents. The fees payable by the Parent to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Parent and such successor. After the retiring or removed
Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article and Sections 9.6 and 9.10 shall continue in effect for the benefit of such retiring or
removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was
acting as Administrative Agent. 
 10.7. Non-Reliance on Administrative Agent and Other
Lenders. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made
its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such
documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document
furnished hereunder or thereunder. 
 10.8. Administrative Agent’s Reimbursement and Indemnification. The Lenders
severally agree to reimburse and indemnify the Administrative Agent (to the extent not promptly reimbursed by the Parent) ratably in proportion to their respective Commitments (or, if the Commitments have been terminated, in proportion to their
Commitments immediately prior to such termination) (i) for any expenses incurred by the Administrative Agent on behalf of the 

  
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Lenders, in connection with the preparation, execution, delivery, administration and enforcement of the Loan Documents (including, without limitation, for any expenses incurred by the
Administrative Agent in connection with any dispute between the Administrative Agent and any Lender or between two or more of the Lenders) and (ii) for any liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising out of the Loan Documents or any other document delivered in connection
therewith or the transactions contemplated thereby (including, without limitation, for any such amounts incurred by or asserted against the Administrative Agent in connection with any dispute between the Administrative Agent and any Lender or
between two or more of the Lenders), or the enforcement of any of the terms of the Loan Documents or of any such other documents, provided that (A) no Lender shall be liable for any of the foregoing to the extent any of the foregoing is
found in a final non-appealable judgment by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Administrative Agent and (B) any indemnification
required pursuant to Section 3.5(f) shall, notwithstanding the provisions of this Section 10.8, be paid by the relevant Lender in accordance with the provisions thereof. The obligations of the
Lenders under this Section 10.8 shall survive payment of the Obligations and termination of this Agreement. 

10.9. No Other Duties, etc. None of the Lenders (or affiliates of Lenders) identified in this Agreement as the “Syndication
Agent” or “Arrangers” or “Joint Bookrunners” or “Documentation Agents” shall have any right, power, obligation, liability, responsibility or duty under this Agreement in such identified capacity other than those
(in the case of those who are Lenders) applicable to all Lenders as such. Without limiting the foregoing, none of such Lenders (or affiliates of Lenders) shall have or be deemed to have a fiduciary relationship with any Lender. Each Lender hereby
makes the same acknowledgments with respect to such Lenders (and such affiliates) as it makes with respect to the Administrative Agent in Section 10.7. 

10.10. Fees. The Parent agrees to pay to the Administrative Agent and Citigroup Global Markets Inc., for their respective accounts, the
fees agreed to by the Parent, the Administrative Agent and Citigroup Global Markets Inc. pursuant to that certain letter agreement dated September 1, 2021, or as otherwise agreed in writing from time to time. 

10.11. Lender ERISA Matters. (a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto,
to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of
any Loan Party, that at least one of the following is and will be true: 
 (i) such Lender is not using “plan
assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments or this
Agreement, 
 (ii) the transaction exemption set forth in one or more PTEs, such as PTE
84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions
involving insurance company general accounts), PTE 90-1 (a class exemption for certain 

  
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transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective
investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s
entrance into, participation in, administration of and performance of the Advances, the Commitments and this Agreement, 

(iii) (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the
meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Advances, the
Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Advances, the Commitments and this Agreement satisfies the requirements of sub-sections
(b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are
satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Advances, the Commitments and this Agreement, or 

(iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole
discretion, and such Lender. 
 (b) In addition, unless either (1) sub-clause (i) in the
immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately
preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being
a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of any Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in
such Lender’s entrance into, participation in, administration of and performance of the Advances, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this
Agreement or any documents related hereto). 
 As used in this Section: 

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is
subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA
or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such
exemption may be amended from time to time. 
 10.12. Erroneous Payments. 

(a) If the Administrative Agent (x) notifies a Lender, or any Person who has received funds on behalf of a Lender (any such Lender or
other recipient (and each of their respective successors and assigns) , a “Payment Recipient”) that the Administrative Agent has 

  
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determined in its sole discretion (whether or not after receipt of any notice under immediately succeeding clause (b)) that any funds (as set forth in such notice from the Administrative Agent)
received by such Payment Recipient from the Administrative Agent or any of its Affiliates were erroneously or mistakenly transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender
or other Payment Recipient on its behalf) (any such funds, whether transmitted or received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous
Payment”) and (y) demands in writing the return of such Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times remain the property of the Administrative Agent pending its return or repayment as contemplated
below in this Section 10.12 and held in trust for the benefit of the Administrative Agent, and such Lender shall (or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment
Recipient to) promptly, but in no event later than two (2) Business Days thereafter (or such later date as the Administrative Agent may, in its sole discretion, specify in writing), return to the Administrative Agent the amount of any such
Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon (except to the extent waived in writing by the Administrative Agent) in respect of each day
from and including the date such Erroneous Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Administrative Agent in same day funds at the greater of (1) the Federal Funds Effective
Rate (if such amount is denominated in Dollars) or at the cost of funds incurred by the Administrative Agent (if such amount is denominated in an Committed Currency) and (2) a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation from time to time in effect. A notice of the Administrative Agent to any Payment Recipient under this clause (a) shall be conclusive, absent manifest error. 

(b) Without limiting immediately preceding clause (a), each Lender or any Person who has received funds on behalf of a Lender (and each of
their respective successors and assigns) , agrees that if it receives a payment, prepayment or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Administrative Agent
(or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in this Agreement or in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with
respect to such payment, prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates), or (z) that such Lender, or other such
recipient, otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part), then in each such case: 

(i) it acknowledges and agrees that (A) in the case of immediately preceding clauses (x) or (y), an error and mistake
shall be presumed to have been made (absent written confirmation from the Administrative Agent to the contrary) or (B) an error and mistake has been made (in the case of immediately preceding clause (z)), in each case, with respect to such
payment, prepayment or repayment; and 
 (ii) such Lender shall (and shall use commercially reasonable efforts to cause any
other recipient that receives funds on its respective behalf to) promptly (and, in all events, within one (1) Business Day of its knowledge of the occurrence of any of the 

  
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circumstances described in immediately preceding clauses (x), (y) and (z)) notify the Administrative Agent of its receipt of such payment, prepayment or repayment, the details thereof (in
reasonable detail) and that it is so notifying the Administrative Agent pursuant to this Section 10.12(b). 
 For the avoidance of
doubt, the failure to deliver a notice to the Administrative Agent pursuant to this Section 10.12(b) shall not have any effect on a Payment Recipient’s obligations pursuant to Section 10.12(a)
or on whether or not an Erroneous Payment has been made. 
 (c) Each Lender hereby authorizes the Administrative Agent to set off, net and
apply any and all amounts at any time owing to such Lender under any Loan Document, or otherwise payable or distributable by the Administrative Agent to such Lender under any Loan Document with respect to any payment of principal, interest, fees or
other amounts, against any amount that the Administrative Agent has demanded to be returned under immediately preceding clause (a). 

(d) (i) In the event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after
demand therefor in accordance with immediately preceding clause (a), from any Lender that has received such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such Erroneous Payment (or portion thereof) on its
respective behalf) (such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Administrative Agent’s notice to such Lender at any time, then effective immediately (with the consideration therefor being
acknowledged by the parties hereto), (A) such Lender shall be deemed to have assigned its Advances (but not its Commitments ) in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Administrative Agent may
specify) (such assignment of the Advances (but not Commitments), the “Erroneous Payment Deficiency Assignment”) (on a cashless basis and such amount calculated at par plus any accrued and unpaid interest (with the assignment fee to
be waived by the Administrative Agent in such instance)), and is hereby (together with the Borrower Representative) deemed to execute and deliver an Assignment and Assumption (or, to the extent applicable, an agreement incorporating an Assignment
and Assumption by reference pursuant to a Platform as to which the Administrative Agent and such parties are participants) with respect to such Erroneous Payment Deficiency Assignment, and such Lender shall deliver any Notes evidencing such Advances
to the Borrowers or the Administrative Agent (but the failure of such Person to deliver any such Notes shall not affect the effectiveness of the foregoing assignment), (B) the Administrative Agent as the assignee Lender shall be deemed to have
acquired the Erroneous Payment Deficiency Assignment, (C) upon such deemed acquisition, the Administrative Agent as the assignee Lender shall become a Lender, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment
and the assigning Lender shall cease to be a Lender, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this Agreement
and its applicable Commitments which shall survive as to such assigning Lender, (D) the Administrative Agent and the Borrowers shall each be deemed to have waived any consents required under this Agreement to any such Erroneous Payment
Deficiency Assignment, and (E) the Administrative Agent will reflect in the Register its ownership interest in the Advances subject to the Erroneous Payment Deficiency Assignment. For the avoidance of doubt, no Erroneous Payment Deficiency
Assignment will reduce the 

  
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Commitments of any Lender and such Commitments shall remain available in accordance with the terms of this Agreement. 

(ii) Subject to Section 12.1 (but excluding, in all events, any assignment consent or approval
requirements (whether from the Borrower Representative or otherwise)), the Administrative Agent may, in its discretion, sell any Advances acquired pursuant to an Erroneous Payment Deficiency Assignment and upon receipt of the proceeds of such sale,
the Erroneous Payment Return Deficiency owing by the applicable Lender shall be reduced by the net proceeds of the sale of such Advance (or portion thereof), and the Administrative Agent shall retain all other rights, remedies and claims against
such Lender (and/or against any recipient that receives funds on its respective behalf). In addition, an Erroneous Payment Return Deficiency owing by the applicable Lender (x) shall be reduced by the proceeds of prepayments or repayments of
principal and interest, or other distribution in respect of principal and interest, received by the Administrative Agent on or with respect to any such Advances acquired from such Lender pursuant to an Erroneous Payment Deficiency Assignment (to the
extent that any such Advances are then owned by the Administrative Agent) and (y) may, in the sole discretion of the Administrative Agent, be reduced by any amount specified by the Administrative Agent in writing to the applicable Lender from
time to time. 
 (e) The parties hereto agree that (x) irrespective of whether the Administrative Agent may be equitably subrogated, in
the event that an Erroneous Payment (or portion thereof) is not recovered from any Payment Recipient that has received such Erroneous Payment (or portion thereof) for any reason, the Administrative Agent shall be subrogated to all the rights and
interests of such Payment Recipient (and, in the case of any Payment Recipient who has received funds on behalf of a Lender, to the rights and interests of such Lender) under the Loan Documents with respect to such amount (the “Erroneous
Payment Subrogation Rights”) (provided that the Loan Parties’ Obligations under the Loan Documents in respect of the Erroneous Payment Subrogation Rights shall not be duplicative of such Obligations in respect of Advances that have
been assigned to the Administrative Agent under an Erroneous Payment Deficiency Assignment) and (y) an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed hereunder by any Loan Party;
provided that this Section 10.12 shall not be interpreted to increase (or accelerate the due date for), or have the effect of increasing (or accelerating the due date for), the Obligations of the Borrowers hereunder
relative to the amount (and/or timing for payment) of the Obligations of the Borrowers hereunder that would have been payable had such Erroneous Payment not been made by the Administrative Agent; provided, further, that for the
avoidance of doubt, immediately preceding clauses (x) and (y) shall not apply to the extent any such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment that is, comprised of funds received by the
Administrative Agent from the Borrowers for the purpose of making such Erroneous Payment. 
 (f) To the extent permitted by applicable law,
no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any
demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payment received, including, without limitation, any defense based on “discharge for value” or any similar doctrine. 

  
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 (g) Each party’s obligations, agreements and waivers under this
Section 10.12 shall survive the resignation or replacement of the Administrative Agent, any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments and/or the repayment,
satisfaction or discharge of all Obligations of the Borrowers (or any portion thereof) under any Loan Document. 
 ARTICLE XI 

SETOFF; RATABLE PAYMENTS 

11.1. Setoff. If a Default shall have occurred and be continuing, each Lender and each its Affiliates is hereby authorized at any time
and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held, and other obligations (in whatever
currency) at any time owing, by such Lender or any such Affiliate, to or for the credit or the account of the Parent or any other Loan Party against any and all of the obligations of the Parent or such Loan Party now or hereafter existing under this
Agreement or any other Loan Document to such Lender or its Affiliates, irrespective of whether or not such Lender or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Parent or
such Loan Party may be contingent or unmatured or are owed to a branch, office or Affiliate of such Lender different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that
any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of
Section 2.21 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting
Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender and its Affiliates under
this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender or its Affiliates may have. Each Lender agrees to notify the Borrower Representative and the Administrative Agent promptly after any such
setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application. 

11.2. Ratable Payments. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect
of any principal of or interest on any of its Loans or other obligations hereunder resulting in such Lender receiving payment of a proportion of the aggregate amount of its Loans and accrued interest thereon or other such obligations greater than
its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and such other
obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on
their respective Loans and other amounts owing them; provided that: 

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

(ii) the provisions of this paragraph shall not be construed to apply to (x) any payment made by the Borrowers pursuant to
and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a
participation in any of its Loans to any assignee or participant, other than to the Parent or any Subsidiary thereof (as to which the provisions of this paragraph shall apply). 

Each Loan Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against each Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of each Loan Party in the amount of such
participation. 
 ARTICLE XII 

BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATIONS 

12.1. Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
hereto and their respective successors and assigns permitted hereby, except that neither the Parent nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the
Administrative Agent and each Lender, and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of Section 12.2, (ii) by way
of participation in accordance with the provisions of Section 12.4, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 12.5 (and any other
attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns
permitted hereby, Participants to the extent provided in Section 12.4 and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right,
remedy or claim under or by reason of this Agreement. 
 12.2. Assignments by Lenders. Any Lender may at any time assign to one or
more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided unless a Default has occurred and is continuing at the time of
such assignment, no Lender or other assignee shall acquire rights under any such assignment that would cause the Commitment of such Lender or assignee to be greater than 20% of the Aggregate Commitment; provided further that any such
assignment shall be subject to the following conditions: 
 (i) Minimum Amounts. 

  
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 (A) in the case of an assignment of the entire remaining amount of the
assigning Lender’s Commitment and/or the Loans at the time owing to it or contemporaneous assignments to related Approved Funds that equal at least the amount specified in paragraph (i)(B) of this Section in the aggregate or in the case of an
assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and 
 (B) in any
case not described in paragraph (i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance
of the Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified
in the Assignment and Assumption, as of the Trade Date) shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as no Default has occurred and is continuing, the Borrower Representative otherwise consents (each such
consent not to be unreasonably withheld or delayed). 
 (ii) Proportionate Amounts. Each partial assignment shall be
made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement with respect to the Loan or the Commitment assigned. 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by paragraph
(i)(B) of this Section and, in addition: 
 (A) the consent of the Borrower Representative (such consent not to be
unreasonably withheld, conditioned or delayed) shall be required unless (x) a Default has occurred and is continuing at the time of such assignment, or (y) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund with
respect to such Lender; provided that the Borrower Representative shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten Business Days after having
received notice thereof (including the Administrative Agent’s confirmation by telephone that the Borrower Representative has received such notice); and 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed) shall be
required unless such assignment is to a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender; 

(iv) Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an
Assignment and Assumption, together with a processing and recordation fee of $3,500; provided that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment.
The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

  
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 (v) No Assignment to Certain Persons. No such assignment shall be
made (A) to the Parent or any of the Parent’s Affiliates or Subsidiaries, (B) to Competitors or (C) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of
the foregoing Persons described in this clause (C). 
 (vi) No Assignment to Natural Persons. No such assignment shall
be made to a natural Person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of, a natural Person). 

(vii) Certain Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender
hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount
sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations, or other compensating actions, including funding, with the consent of the Borrower Representative and the
Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all
payment liabilities then owed by such Defaulting Lender to the Administrative Agent and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Loans in accordance
with its pro rata share. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this
paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section 12.3, from and after the effective date
specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement,
and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the
assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.1, 3.2 and 3.5 and Sections 9.6 and
9.10 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided, that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender
will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with
this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 12.4. 

  
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 12.3. Register. The Administrative Agent, acting solely for this purpose as an agent
of the Borrowers, shall maintain at one of its offices in the United States a copy of each Assignment and Assumption and each Assumption Agreement delivered to it and a register for the recordation of the names and addresses of the Lenders, and the
Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent demonstrable
error, and the Borrowers, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available
for inspection by the Borrowers and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 12.4.
Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower Representative or the Administrative Agent, sell participations to any Person (other than a natural Person or a holding company, investment vehicle
or trust for, or owned and operated for the primary benefit of, a natural Person or the Parent or any of the Parent’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or
obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of such obligations, and (iii) the Borrowers, the Administrative Agent and Lenders shall continue to deal solely and directly with such Lender in connection with such
Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 10.8 with respect to any payments made by such Lender to its
Participant(s). 
 Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall
retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of
the Participant, agree to any amendment, modification or waiver which would require consent of all of the affected Lenders pursuant to the terms of Section 8.2 or of any other Loan Document that affects such
Participant. The Borrowers agree that each Participant shall be entitled to the benefits of Sections 3.1, 3.2, 3.4 and 3.5 (subject to the requirements and limitations therein, including the requirements under
Section 3.5(d) (it being understood that the documentation required under Section 3.5(d) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to Section 12.2; provided that such Participant (A) agrees to be subject to the provisions of Sections 2.20 and 3.6 as if it were an assignee under
Section 12.2; (B) shall not be entitled to receive any greater payment under Sections 3.1, 3.2 or 3.5, with respect to any participation, than its participating Lender would have been entitled to
receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation; and (C) each Lender that sells a participation of an Advance to an
Irish Borrower shall notify the Loan Parties if the Participant is not an Irish Qualifying Lender. Each Lender that sells a participation agrees, at the Borrower Representative’s request and expense, to use reasonable efforts to cooperate with
the Borrower Representative to effectuate the provisions of Section 2.20 with respect to any Participant. To the extent permitted by law, 

  
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each Participant also shall be entitled to the benefits of Section 11.1 as though it were a Lender; provided that such Participant agrees to be subject to
Section 11.2 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, maintain a
register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant
Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any
commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in
registered form under Section 5f.103-1(c) of the United States Treasury Regulations and Section 1.163-5(b) of the proposed United States Treasury Regulations.
The entries in the Participant Register shall be conclusive absent demonstrable error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

12.5. Certain Pledges . Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this
Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or
substitute any such pledgee or assignee for such Lender as a party hereto. 
 12.6. Competitors . (i) Notwithstanding anything to the
contrary contained in this Agreement, no assignment or participation shall be made to any Person that was a Competitor as of the date (the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and
assign all or a portion of its rights and obligations under this Agreement to such Person (unless the Borrower Representative has consented to such assignment in writing in its sole and absolute discretion, in which case such Person will not be
considered a Competitor for the purpose of such assignment or participation). For the avoidance of doubt, with respect to any assignee that becomes a Competitor after the applicable Trade Date (including as a result of the delivery of a notice
pursuant to, and/or the expiration of the notice period referred to in, the definition of “Competitor”), (x) such assignee shall not retroactively be disqualified from becoming a Lender and (y) the execution by the Borrower
Representative of an Assignment and Assumption with respect to such assignee will not by itself result in such assignee no longer being considered a Competitor. Any assignment in violation of this clause 12.6(i) shall not be void, but the other
provisions of this Section 12.6 shall apply. 
 (ii) If any assignment or participation is made to any Competitor
without the Borrower Representative’s prior written consent in violation of clause (i) above, or if any Person becomes a Competitor after the applicable Trade Date, the Borrower Representative may, at its sole expense and effort, upon
notice to the applicable Competitor and the Administrative Agent, (A) terminate any Commitment of such Competitor and repay all obligations of the Borrowers owing to such Competitor in 

  
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connection with such Commitment and/or (B) require such Competitor to assign, without recourse (in accordance with and subject to the restrictions contained in this Section 12.2), all
of its interest, rights and obligations under this Agreement to one or more Eligible Assignees at the lesser of (x) the principal amount thereof and (y) the amount that such Competitor paid to acquire such interests, rights and
obligations, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder. 

(iii) Notwithstanding anything to the contrary contained in this Agreement, Competitors (A) will not (x) have the
right to receive information, reports or other materials provided to Lenders by the Borrowers, the Administrative Agent or any other Lender, (y) attend or participate in meetings attended by the Lenders and the Administrative Agent or
(z) access any electronic site established for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders and (B) (x) for purposes of any consent to any amendment, waiver or
modification of, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under this Agreement or any other Loan Document, each Competitor will be
deemed to have consented in the same proportion as the Lenders that are not Competitors consented to such matter, and (y) for purposes of voting on any for purposes of voting on any plan of reorganization or plan of liquidation pursuant to any
Debtor Relief Laws (a “Plan”), each Competitor party hereto hereby agrees (1) not to vote on such Plan, (2) if such Competitor does vote on such Plan notwithstanding the restriction in the foregoing clause (1), such vote
will be deemed not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code (or any similar provision in any other Debtor Relief Laws), and such vote shall not be counted in determining whether
the applicable class has accepted or rejected such Plan in accordance with Section 1126(c) of the Bankruptcy Code (or any similar provision in any other Debtor Relief Laws) and (3) not to contest any request by any party for a
determination by the Bankruptcy Court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2). 

(iv) The Administrative Agent shall have the right, and the Borrower Representative hereby expressly authorizes the
Administrative Agent, to (A) post the list of Competitors provided by the Borrower Representative and any updates thereto from time to time (collectively, the “Competitor List”) on the Platform, including that portion of the
Platform that is designated for “public side” Lenders and/or (B) provide the Competitor List to each Lender requesting the same. 

ARTICLE XIII 
 NOTICES

 13.1. Giving Notice (a) Notices Generally. Except in the case of notices and other communications expressly
permitted to be given by telephone (and except as provided in paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or
registered mail or sent by facsimile as follows: 

  
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 (i) if to the Borrower Representative or any other Loan Party, to it at 200
East Randolph St. Chicago, IL 60601, Attention of Treasurer (Facsimile No. 312 381-6060; Telephone No. 312 381-3338); 

(ii) if to the Administrative Agent, to Citibank, N.A. at Citibank, N.A. One Penns Way, OPS II, Floor 2, New Castle, Delaware
19720, Attention of Agency Operations (Facsimile No. 646 274-5080; Telephone No. 302 894-6010); 

(iii) if to a Lender, to it at its address (or facsimile number) set forth in its Administrative Questionnaire. 

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by
facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices
delivered through electronic communications, to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b). 

(b) Electronic Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic
communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender
pursuant to Article II if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent, the Borrower Representative or any other Loan Party may,
in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or
communications. 
 Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement), and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient, at its e-mail address as described in the foregoing clause (i), of notification that such notice or communication is available and identifying the website address therefor; provided that, for both clauses
(i) and (ii) above, if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day
for the recipient. 
 13.2. Change of Address, etc. Any party hereto may change its address or facsimile number for notices and other
communications hereunder by notice to the other parties hereto. 
 13.3. Platform. (a) Each Loan Party agrees that the Administrative
Agent may, but shall not be obligated to, make the Communications (as defined below) available to the Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a substantially similar electronic transmission system (the
“Platform”). 

  
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 (b) The Platform is provided “as is” and “as available.” The Agent
Parties (as defined below) do not warrant the adequacy of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind, express, implied or statutory, including, without limitation, any
warranty of merchantability, fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in connection with the
Communications or the Platform. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Parent or the other Loan Parties, any Lender or any other Person
or entity for damages of any kind, including, without limitation, direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise) arising out of any Loan Party’s or the
Administrative Agent’s transmission of communications through the Platform. “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any Loan
Party pursuant to any Loan Document or the transactions contemplated therein which is distributed to the Administrative Agent or any Lender by means of electronic communications pursuant to this Section, including through the Platform. 

ARTICLE XIV 

COUNTERPARTS 
 This
Agreement may be executed in any number of counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Agreement by signing any such counterpart. This Agreement shall be effective when it
has been executed by the Borrowers, the Administrative Agent and the Lenders and each party has notified the Administrative Agent by electronic transmission or telephone that it has taken such action. Delivery of an executed counterpart of a
signature page to this Agreement or any other Loan Document by telecopier or other electronic transmission (i.e., a “pdf” or “tif” or “DocuSign”) will be as effective as delivery of an original executed counterpart of
this Agreement or any other Loan Document. The words “execution,” “signed,” “signature,” and words of like import herein shall be deemed to include electronic signatures, digital copies of a signatory’s manual
signature, and deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature to the extent and as provided for in any applicable law, including
the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 

ARTICLE XV 
 GUARANTY

 15.1. Guaranty; Limitation of Liability. (a) Each Guarantor, jointly and severally, hereby absolutely, unconditionally and
irrevocably guarantees, as a guaranty of payment and performance and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise, and at all times
thereafter, of any and all of the Obligations, whether for principal, interest, premiums, fees, indemnities, damages, costs, expenses or otherwise, of the Borrowers to the Lenders, the Administrative Agent or any indemnified party arising under the
Loan Documents (including all renewals, extensions, amendments, refinancings and other modifications thereof and all costs, 

  
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attorneys’ fees and expenses incurred by the Lenders, the Administrative Agent or any indemnified party in connection with the collection or enforcement thereof). This Guaranty shall not be
affected by the genuineness, validity, regularity or enforceability of the Obligations or any instrument or agreement evidencing any Obligations, or by any fact or circumstance relating to the Obligations which might otherwise constitute a defense
to the obligations of any Guarantor under this Guaranty (other than payment thereof), and each Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing. For the
avoidance of doubt, the respective obligations of each Borrower are several and not joint, except to the extent such Borrower is providing a guarantee as a Guarantor. 

(b) Notwithstanding anything to the contrary in clause (a) above, each Guarantor, and by its acceptance of this Guaranty, the
Administrative Agent and each Lender, hereby confirms that it is the intention of all such Persons that this Guaranty, the Guaranteed Obligations and any other obligations of each Guarantor hereunder not constitute a fraudulent transfer or
conveyance for purposes of any Debtor Relief Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar avoidable or invalid transaction under foreign, federal or state law to the extent applicable to this
Guaranty and the obligations of each Guarantor hereunder. To effectuate the foregoing intention, the Administrative Agent, the other Lenders and the Guarantors hereby irrevocably agree that the Guaranteed Obligations of each Guarantor under this
Guaranty at any time shall be limited to the maximum amount as will result in the Guaranteed Obligations of such Guarantor under this Guaranty not constituting such fraudulent transfer or conveyance or other similarly avoidable or invalid
transaction. 
 (c) Each Guarantor hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made
to the Administrative Agent or any Lender under this Guaranty, such Guarantor will contribute, to the maximum extent permitted by law, such amounts to the other Guarantor so as to maximize the aggregate amount paid to the Administrative Agent and
the Lenders under or in respect of this Agreement. In no event, however, shall the Administrative Agent and the Lenders be entitled to more than a single recovery. For the avoidance of doubt, Section 3.5 of this Agreement
(and any provisions that cross-reference Section 3.5) shall apply mutatis mutandis to any payment made by a Guarantor under this Guaranty. 

15.2. Guaranty Absolute . Each Guarantor guarantees that the Obligations will be paid strictly in accordance with the terms of the Loan
Documents, regardless of any Law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Administrative Agent or any lender with respect thereto. The liability of each Guarantor under this
Guaranty shall be irrevocable, absolute and unconditional irrespective of, and each Guarantor hereby irrevocably waives any defenses, it may now have or hereafter acquire in any way relating to, any or all of the following: 

(a) any lack of validity or enforceability of any Loan Document or any agreement or instrument relating thereto; 

(b) any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations under or in
respect of the Loan Documents, or any other amendment or waiver of or any consent to departure from any Loan Document, 

  
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including, without limitation, any increase in the Obligations resulting from the extension of additional credit to any Borrower or any of its Subsidiaries or otherwise; 

(c) any taking, release or amendment or waiver of, or consent to departure from, any other guaranty, for all or any of the
Obligations; 
 (d) any change, restructuring or termination of the corporate structure or existence of any Borrower or any
of its Subsidiaries; 
 (e) any failure of the Administrative Agent or any Lender to disclose to such Guarantor any
information relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any other Loan Party now or hereafter known to the Administrative Agent or such Lender (such Guarantor waiving any duty on
the part of the Administrative Agent and the Lenders to disclose such information); 
 (f) the failure of any other Person to
execute or deliver this Guaranty, any supplement to this Guaranty or any other guaranty or agreement or the release or reduction of liability of any Guarantor or other guarantor or surety with respect to the Obligations; or 

(g) any other circumstance or any existence of or reliance on any representation by the Administrative Agent or any Lender that
might otherwise constitute a defense available to, or a discharge of, such Guarantor or any other guarantor or surety (other than payment thereof). 

15.3. Rights Of Lenders . Each Guarantor consents and agrees that the Lenders, the Administrative Agent or any indemnified party may at
any time and from time to time, without notice or demand, and without affecting the enforceability or continuing effectiveness hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the
terms of the Obligations or any part thereof; (b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Guaranty or any Obligations; and (c) apply such security
and direct the order or manner of sale thereof as the Administrative Agent and the Lenders in their sole discretion may determine. Without limiting the generality of the foregoing, each Guarantor consents to the taking of, or failure to take, any
action which might in any manner or to any extent vary the risks of such Guarantor under this Guaranty or which, but for this provision, might operate as a discharge of such Guarantor . 

15.4. Certain Waivers and Acknowledgements . (a) Each Guarantor waives (i) any defense arising by reason of any disability or
other defense of any Borrower, or the cessation from any cause whatsoever (including any act or omission of any Lenders, the Administrative Agent or any indemnified party) of the liability of such Borrower; (ii) any defense based on any claim
that such Guarantor’s obligations exceed or are more burdensome than those of any Borrower; (iii) the benefit of any statute of limitations affecting such Guarantor’s liability hereunder; (iv) any right to proceed against any
Borrower or pursue any other remedy in the power of any Lender, the Administrative Agent or any indemnified party whatsoever until the Administrative Agent and the Lenders shall have received payment in full in respect of the 

  
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Obligations; and (v) to the fullest extent permitted by law, any and all other defenses or benefits that may be derived from or afforded by applicable law limiting the liability of or
exonerating guarantors or sureties. Each Guarantor expressly waives all setoffs and counterclaims and all presentments, demands for payment or performance, notices of nonpayment or nonperformance, protests, notices of protest, notices of dishonor
and all other notices or demands of any kind or nature whatsoever with respect to the Obligations, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or additional Obligations. 

(b) Each Guarantor hereby unconditionally and irrevocably waives any right to revoke this Guaranty and acknowledges that this Guaranty is
continuing in nature and applies to all Obligations of each Borrower, whether existing now or in the future. 
 (c) Each Guarantor hereby
unconditionally and irrevocably waives (i) any defense arising by reason of any claim or defense based upon an election of remedies by the Administrative Agent or any Lender that in any manner impairs, reduces, releases or otherwise adversely
affects the subrogation, reimbursement, exoneration, contribution or indemnification rights of such Guarantor or other rights of such Guarantor to proceed against any other Person and (ii) any defense based on any right of set-off or counterclaim against or in respect of the Obligations of such Guarantor hereunder. 
 (d) Each
Guarantor acknowledges that it will receive substantial direct and indirect benefits from the financing arrangements contemplated by the Loan Documents and that the waivers set forth in Section 15.02 and this
Section 15.04 are knowingly made in contemplation of such benefits. 
 (e) The waivers of each Guarantor set forth
in this Section 15.04 are made to the fullest extent permitted by applicable Law. 
 15.5. Obligations
Independent . The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the Obligations, and a separate action may be brought against such Guarantor to enforce this Guaranty
whether or not any Borrower or any other person or entity is joined as a party. 
 15.6. Subrogation . No Guarantor shall exercise
any right of subrogation, contribution, indemnity, reimbursement or similar rights with respect to any payments it makes under this Guaranty until all of the Obligations and any amounts payable under this Guaranty have been indefeasibly paid and
performed in full and the Commitments are terminated. If any amounts are paid to any Guarantor in violation of the foregoing limitation, then such amounts shall be held in trust for the benefit of the Lenders, the Administrative Agent or any
indemnified party and shall forthwith be paid to the Lenders, the Administrative Agent or any indemnified party to reduce the amount of the Obligations, whether matured or unmatured. 

15.7. Termination; Reinstatement . This Guaranty is a continuing and irrevocable guaranty of all Obligations now or hereafter existing
and shall remain in full force and effect until the later of (a) all Obligations and any other amounts payable under this Guaranty are indefeasibly paid in full in cash and (b) the Facility Termination Date. Notwithstanding the foregoing,
this Guaranty shall continue in full force and effect or be revived, as the case may be, 

  
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if any payment by or on behalf of any Borrower or any Guarantor is made, or any of the Lenders or any Lender, the Administrative Agent or any indemnified party exercises its right of setoff, in
respect of the Obligations and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by any of
the Lenders, the Administrative Agent or any indemnified party in their discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not
been made or such setoff had not occurred and whether or not the Lenders, the Administrative Agent or any indemnified party are in possession of or have released this Guaranty and regardless of any prior revocation, rescission, termination or
reduction. The obligations of each Guarantor under this paragraph shall survive termination of this Guaranty. 
 15.8. Stay Of
Acceleration . If acceleration of the time for payment of any of the Obligations is stayed, in connection with any case commenced by or against any Borrower under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be
payable by each Guarantor immediately upon demand by the Lenders, the Administrative Agent or any indemnified party. 
 15.9. Condition
Of Borrowers . Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Borrowers such information concerning the financial condition, business and operations of the
Borrowers as such Guarantor requires, and that none of the Lenders, the Administrative Agent or any indemnified party has any duty, and such Guarantor is not relying on the Lenders, the Administrative Agent or any indemnified party at any time, to
disclose to such Guarantor any information relating to the business, operations or financial condition of the Borrowers (each Guarantor waiving any duty on the part of the Lenders, the Administrative Agent or any indemnified party to disclose such
information and any defense relating to the failure to provide the same). 
 15.10. Guaranty Supplements. Upon the execution and
delivery by any Person of a guaranty supplement in substantially the form of Exhibit D hereto (each, a “Guaranty Supplement”), (a) such Person shall be referred to as a “Additional Guarantor” and shall become and be
a Guarantor hereunder, and each reference in this Section to a “Guarantor” shall also mean and be a reference to such Additional Guarantor, and (b) each reference herein to “this Guaranty,” “hereunder,”
“hereof” or words of like import referring to this Section, and each reference in this Agreement to the “Guaranty,” “thereunder,” “thereof” or words of like import referring to this Section, shall mean and be
a reference to this Section as supplemented by such Guaranty Supplement. 
 15.11. Irish Limitation. This Guaranty shall not apply to
the extent it would result in the guaranty constituting unlawful financial assistance within the meaning of Section 82 of the Irish Companies Act or constitute a breach of Section 239 of the Irish Companies Act. 

ARTICLE XVI 

MISCELLANEOUS; 

16.1. Choice of Law . THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION 

  
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(WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH
THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

16.2. Consent to Jurisdiction, etc . (a) Jurisdiction. The Parent and each other Loan Party irrevocably and unconditionally
agrees that it will not commence any action, litigation or proceeding of any kind or description, whether at law or in equity, whether in contract or in tort or otherwise, against the Administrative Agent, any Lender or any Related Party of the
foregoing in any way relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto, in any forum other than the courts of the State of New York sitting in New York County, and of the United States District
Court of the Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and agrees that all claims in respect of any such action,
litigation or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by applicable law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action,
litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or in any other Loan Document shall affect any right that the
Administrative Agent, any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the Parent or any other Loan Party or its Properties in the courts of any jurisdiction. 

(b) Waiver of Venue. The Parent and each other Loan Party irrevocably and unconditionally waives, to the fullest extent permitted by
applicable law, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (a) of this
Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c) Service of Process. Each party hereto irrevocably consents to service of process in the manner provided for notices in
Section 13.1. Nothing in this Agreement will affect the right of any party hereto to serve process in any other manner permitted by applicable law. 

(d) Agent for Service of Process. Each Loan Party hereby irrevocably appoints Aon Corporation as its agent for service of process with
respect to all of the Loan Documents and all other related agreements to which it is a party (the “Process Agent”) and Aon Corporation hereby accepts such appointment as the Process Agent and hereby agrees to forward promptly to the
Parent all legal process addressed to the Parent received by the Process Agent. Each Loan Party hereby agrees that the failure of Aon Corporation to give any notice of any such service shall not impair or affect the validity of such service or of
any judgment rendered in any action or proceeding based thereon. To the extent that each Designated Subsidiary has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through service or notice,
attachment prior to judgment, attachment in aid of execution, execution or 

  
 -99- 

 
otherwise) with respect to itself or its Property, each Designated Subsidiary hereby irrevocably waives such immunity in respect of its obligations under this Agreement. 

16.3. Designated Subsidiaries . (a) Designation. The Parent may at any time, and from time to time, upon not less than 15
Business Days’ notice in the case of any Subsidiary so designated after the Effective Date, notify the Administrative Agent (who shall promptly notify the Lenders) that the Parent intends to designate a Subsidiary as a “Designated
Subsidiary” for purposes of this Agreement. On or after the date that is 15 Business Days after such notice, upon delivery to the Administrative Agent and each Lender of a Designation Letter duly executed by the Parent and the respective
Subsidiary and substantially in the form of Exhibit E hereto, such Subsidiary shall thereupon become a “Designated Subsidiary” for purposes of this Agreement and, as such, shall have all of the rights and obligations of a Borrower
hereunder. The Administrative Agent shall promptly notify each Lender of the Parent’s notice of such pending designation by the Parent and the identity of the respective Subsidiary. Following the giving of any notice pursuant to this
Section 16.3(a), if the designation of such Designated Subsidiary obligates the Administrative Agent or any Lender to comply with “know your customer” or similar identification procedures in circumstances where
the necessary information is not already available to it, the Parent shall, promptly upon the request of the Administrative Agent or any Lender, supply such documentation and other evidence as is reasonably requested by the Administrative Agent or
any Lender in order for the Administrative Agent or such Lender to carry out and be satisfied it has complied with the results of all necessary “know your customer” or other similar checks under all applicable laws and regulations. 

If the Parent shall designate as a Designated Subsidiary hereunder any Subsidiary not organized under the laws of the United States, any State
thereof or the United Kingdom and Wales, any Lender may, with notice to the Administrative Agent and the Parent, fulfill its Commitment by causing an Affiliate of such Lender to act as the Lender in respect of such Designated Subsidiary. 

As soon as practicable after receiving notice from the Parent or the Administrative Agent of the Parent’s intent to designate a
Subsidiary as a Designated Borrower, and in any event no later than ten Business Days after the delivery of such notice, for a Designated Subsidiary that is organized under the laws of a jurisdiction other than of the United States or a political
subdivision thereof, any Lender that may not legally lend to, establish credit for the account of and/or do any business whatsoever with such Designated Subsidiary, either directly or through an Affiliate of such Lender selected pursuant to the
immediately preceding paragraph (a “Protesting Lender”) shall so notify the Parent and the Administrative Agent in writing. With respect to each Protesting Lender, the Parent shall, effective on or before the date that such
Designated Subsidiary shall have the right to borrow hereunder, either (A) notify the Administrative Agent and such Protesting Lender that the Commitments of such Protesting Lender shall be terminated; provided that such Protesting
Lender shall have received payment of an amount equal to the outstanding principal of its Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal
and accrued interest and fees) or the Parent or the relevant Designated Subsidiary (in the case of all other amounts), or (B) cancel its request to designate such Subsidiary as a “Designated Subsidiary” hereunder. 

  
 -100- 

 (b) Termination. Upon the payment and performance in full of all of the indebtedness,
liabilities and obligations under this Agreement and the Notes of any Designated Subsidiary then, so long as at the time no Borrowing Notice in respect of such Designated Subsidiary is outstanding, such Subsidiary’s status as a “Designated
Subsidiary” shall terminate upon notice to such effect from the Administrative Agent to the Lenders (which notice the Administrative Agent shall give promptly upon its receipt of a request therefor from the Parent). Thereafter, the Lenders
shall be under no further obligation to make any Advance hereunder to such Designated Subsidiary. 
 16.4. Substitution of Currency .
If a change in any Committed Currency occurs pursuant to any applicable law, rule or regulation of any governmental, monetary or multi-national authority, this Agreement (including, without limitation, the definition of Eurocurrency Rate) will be
amended to the extent determined by the Administrative Agent (acting reasonably and in consultation with the Borrower Representative) to be necessary to reflect the change in currency and to put the Lenders and the Borrowers in the same position, so
far as possible, that they would have been in if no change in such Committed Currency had occurred. 
 16.5. WAIVER OF JURY TRIAL.
EACH LOAN PARTY, THE ADMINISTRATIVE AGENT AND EACH LENDER HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR
CONNECTED WITH ANY LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER. 
 [Signature Pages Follow] 

  
 -101- 

 IN WITNESS WHEREOF, the Borrowers, the Lenders and the Administrative Agent have executed
this Agreement as of the date first above written. 
  

			
	AON PLC, as a Borrower and Guarantor
		
	By:	 	 /s/ Paul Hagy

	Name: Paul Hagy
	Title: Treasurer
	
	AON CORPORATION, as a Borrower, Guarantor and Borrower Representative
		
	By:	 	 /s/ Paul Hagy

	Name: Paul Hagy
	Title: Senior Vice President and Treasurer
	
	AON UK LIMITED, as a Borrower
		
	By:	 	 /s/ Nicholas John Hardman

	Name: Nicholas John Hardman
	Title: Director
	
	AON GLOBAL HOLDINGS PLC, as a Borrower and Guarantor
		
	By:	 	 /s/ Pelagia Katsaouni-Dodd

	Name: Pelagia Katsaouni-Dodd
	Title: Director
	
	AON GLOBAL LIMITED, as a Borrower and Guarantor
		
	By:	 	 /s/ Rogier Sparreboom

	Name: Rogier Sparreboom
	Title: Director

 [Signature Page to Aon 2021 Credit Agreement] 

 
			
	CITIBANK, N.A., as a Lender and as Administrative Agent
		
	By:	 	 /s/ Maureen P. Maroney

	Name: Maureen P. Maroney
	Title: Vice President

 [Signature Page to Aon 2021 Credit Agreement] 

 
			
	MORGAN STANLEY BANK, N.A., as a Lender
		
	By:	 	 /s/ Michael King

	Name:	 	Michael King
	Title:	 	Authorized Signatory

 [Signature Page to Aon 2021 Credit Agreement] 

 
			
	HSBC BANK USA, N.A., as a Lender
		
	By:	 	 /s/ Daniel Hartmann

	Name:	 	Daniel Hartmann
	Title:	 	Vice President, Financial Institutions Group

 [Signature Page to Aon 2021 Credit Agreement] 

 
			
	Australia and New Zealand Banking Group Limited, as a Lender
		
	By:	 	 /s/ Robert Grillo

	Name:	 	Robert Grillo
	Title:	 	Executive Director

 [Signature Page to Aon 2021 Credit Agreement] 

 
			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	 /s/ Sidhima Daruka

	Name:	 	Sidhima Daruka
	Title:	 	Vice President

 [Signature Page to Aon 2021 Credit Agreement] 

 
			
	BARCLAYS BANK PLC, as a Lender
		
	By:	 	 /s/ Jamie Telkman

	Name:	 	Jamie Telkman
	Title:	 	Vice President

 [Signature Page to Aon 2021 Credit Agreement] 

 
			
	 CREDIT SUISSE AG, NEW YORK BRANCH,

as a Lender

		
	By:	 	 /s/ Doreen Barr

	Name:	 	Doreen Barr
	Title:	 	Authorized Signatory
		
	By:	 	 /s/ Komal Shah

	Name:	 	Komal Shah
	Title:	 	Authorized Signatory

 [Signature Page to Aon 2021 Credit Agreement] 

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH, as a Lender
		
	By:	 	 /s/ Ming K Chu

	Name:	 	Ming K Chu
	Title:	 	Director
		
	By:	 	 /s/ Mark Lukin

	Name:	 	Mark Lukin
	Title:	 	Vice President

 [Signature Page to Aon 2021 Credit Agreement] 

 
			
	ING BANK N.V., Dublin Branch, as a Lender
		
	By:	 	 /s/ Cormac Langford

	Name:	 	Cormac Langford
	Title:	 	Director
		
	By:	 	 /s/ Sean Hassett

	Name:	 	Sean Hassett
	Title:	 	Director

 [Signature Page to Aon 2021 Credit Agreement] 

 
			
	The Bank of New York Mellon, as a Lender
		
	By:	 	 /s/Kenneth P. Sneider, Jr.

	Name: Kenneth P. Sneider, Jr.
	Title: Director

  
 [Signature Page to Aon
2021 Credit Agreement] 

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 /s/ Michelle Dagenhart

	Name: Michelle Dagenhart
	Title: Managing Director

  
 [Signature Page to Aon
2021 Credit Agreement] 

 
			
	BANK OF MONTREAL, CHICAGO BRANCH, as a Lender
		
	By:	 	 /s/ Ashley Bake

	Name: Ashley Bake
	Title: Director

  
 [Signature Page to Aon
2021 Credit Agreement] 

 
			
	Bank of Montreal, London Branch, as a Lender
		
	By:	 	 /s/ Richard Pittam

	Name: Richard Pittam
	Title: Managing Director
	
	Bank of Montreal, London Branch, as a Lender
		
	By:	 	 /s/ Scott Matthews

	Name: Scott Matthews
	Title: Managing Director

  
 [Signature Page to Aon
2021 Credit Agreement] 

 
			
	JPMorgan Chase Bank, N.A., as a Lender
		
	By:	 	 /s/ James S. Mintzer

	Name: James S. Mintzer
	Title: Executive Director

  
 [Signature Page to Aon
2021 Credit Agreement] 

 
			
	Bank of China(Luxembourg)S.A. Rotterdam Branch, as a Lender
		
	By:	 	 /s/ Li Jiang

	Name: Li Jiang
	Title: GM & Country Head

  
 [Signature Page to Aon
2021 Credit Agreement] 

 
			
	NATIONAL AUSTRALIA BANK LIMITED, as a Lender
		
	By:	 	 /s/ Helen Hsu

	Name: Helen Hsu
	Title: Director

  
 [Signature Page to Aon
2021 Credit Agreement] 

 
			
	THE BANK OF NOVA SCOTIA, as a Lender
		
	By:	 	 /s/ Sunny Yang

	Name: Sunny Yang
	Title: Director

  
 [Signature Page to Aon
2021 Credit Agreement] 

 
			
	UniCredit Bank AG, as a Lender
		
	By:	 	 /s/ Sam Opitz

	Name: Sam Opitz
	Title: Director
		
	By:	 	 /s/ Aleksander Borowicz

	Name: Aleksander Borowicz
	Title: Director

  
 [Signature Page to Aon
2021 Credit Agreement] 

 PRICING SCHEDULE 

 

											
	 	  	LEVEL I	  	LEVEL II	  	LEVEL III	  	LEVEL IV	  	LEVEL V
	 Debt Rating*
	  	Long-Term Senior
Unsecured Debt
rated at least A by
S&P or A2 by
Moody’s	  	Long-Term Senior
Unsecured Debt
rated at least A- by
S&P or A3 by
Moody’s	  	Long-Term Senior
Unsecured Debt
rated at least BBB+
by S&P or Baa1 by
Moody’s	  	Long-Term Senior
Unsecured Debt
rated at least BBB
by S&P or Baa2 by
Moody’s	  	None of Levels I,
II, III or IV is
applicable
	 Applicable Facility Fee Rate (bps)
	  	7.0	  	9.0	  	11.0	  	15.0	  	20.0
	 Applicable Margin for Eurocurrency Advances / SONIA Advances (bps)
	  	80.5	  	91.0	  	101.5	  	110.0	  	130.0
	 Applicable Margin for Alternate Base Rate Advances (bps)
	  	0.0	  	0.0	  	1.5	  	10.0	  	30.0

  

	*	 In the event of a split rating, the applicable rating shall be deemed to be higher of the two ratings;
provided, if the difference between the two ratings is greater than one sub-grade, the applicable rating shall be deemed to be one sub-grade below the higher of
the two ratings, with Level I being the highest rating and Level V being the lowest rating. 

 The Applicable Margin and Applicable
Facility Fee Rate shall be determined in accordance with the foregoing table based on the Debt Ratings from time to time. The Debt Rating in effect on any date for the purposes of this Schedule is that in effect at the close of business on such
date. If at any time there is no Debt Rating from Moody’s or S&P, Level V shall apply. 

 SCHEDULE 6.11 

EXISTING LIENS 

None. 

 EXHIBIT A 

NOTE 
  

			
	[$______________]	  	[Date]

 [Aon plc, a public limited company organized under the laws of Ireland] [Aon Corporation, a Delaware
corporation] [Aon UK Limited, a private limited company organized under the laws of England and Wales] [Aon Global Holdings plc, a public limited company organized under the laws of England and Wales] [Aon Global Limited, a private limited company
organized under the laws of England and Wales] (the “Borrower”), promises to pay __________ (the “Lender”) the lesser of the principal sum of __________ Dollars or the aggregate unpaid principal amount of all Loans
made by the Lender to the Borrower pursuant to Article II of the Credit Agreement (as hereinafter defined), in immediately available funds at the main office of Citibank, N.A. in New York, New York, as Administrative Agent, together with interest on
the unpaid principal amount hereof at the rates and on the dates set forth in the Credit Agreement. The Borrower shall pay the principal of and accrued and unpaid interest on the Loans in full on the Facility Termination Date applicable to the
Lender and shall make such mandatory payments as are required to be made under the terms of Article II of the Credit Agreement. 
 The
Lender shall, and is hereby authorized to, record on the schedule attached hereto, or to otherwise record in accordance with its usual practice, the date and amount of each Loan and the date and amount of each principal payment hereunder. 

This Note is one of the Notes issued pursuant to, and is entitled to the benefits of, the Credit Agreement dated as of September 28, 2021
(which, as it may be amended or modified and in effect from time to time, is herein called the “Credit Agreement”), among the Borrower, [Aon plc], [Aon Corporation], [Aon UK Limited], [Aon Global Holdings plc], [Aon Global Limited],
the lenders party thereto, including the Lender, and Citibank, N.A., as Administrative Agent, to which Credit Agreement reference is hereby made for a statement of the terms and conditions governing this Note, including the terms and conditions
under which this Note may be prepaid or its maturity date accelerated. Capitalized terms used herein and not otherwise defined herein are used with the meanings attributed to them in the Credit Agreement. The Credit Agreement, among other things,
(i) provides for the making of Loans by the Lender to the Borrower from time to time in an aggregate amount not to exceed at any time outstanding the Dollar amount first above mentioned, the indebtedness of the Borrower resulting from each such
Loan being evidenced by this Note and (ii) contains provisions for determining the Dollar Equivalent of Loans denominated in Committed Currencies. 

[Signature page follows] 

  
 1 

 
	
	[AON PLC]
	
	[AON CORPORATION]
	
	[AON UK LIMITED]
	
	[AON GLOBAL HOLDINGS PLC]
	
	[AON GLOBAL LIMITED]
	
	By:                                     
                                         
                  
	Print Name:
	Title:

  
 2 

 SCHEDULE OF LOANS AND PAYMENTS OF PRINCIPAL 

TO 
 NOTE OF AON [PLC] [CORPORATION]
[UK LIMITED] [GLOBAL HOLDINGS PLC] [GLOBAL LIMITED], 
 DATED     , 

 

									
	 Date
	  	 Amount and Currency of

Advance
	  	 Amount of

Principal Paid
 or
Prepaid
	  	 Unpaid Principal

Balance
	  	 Notation

Made By

		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 3 

 EXHIBIT B 

COMPLIANCE CERTIFICATE 
 To: The
Lenders parties to the Credit Agreement Described Below 
 This Compliance Certificate is furnished pursuant to that certain Credit
Agreement dated as of September 28, 2021 (as amended, modified, renewed or extended from time to time, the “Credit Agreement”) among Aon plc, a public limited company organized under the laws of Ireland (the
“Parent”), Aon Corporation, a Delaware corporation, Aon UK Limited, a private limited company organized under the laws of England and Wales, Aon Global Holdings plc, a public limited company organized under the laws of England and
Wales, Aon Global Limited, a private limited company organized under the laws of England and Wales, the lenders party thereto and Citibank, N.A., as Administrative Agent for the Lenders. Unless otherwise defined herein, capitalized terms used in
this Compliance Certificate have the meanings ascribed thereto in the Credit Agreement. 
 THE UNDERSIGNED HEREBY CERTIFIES THAT: 

1. I am the duly elected [title of officer] of the Parent; 

2. I have reviewed the terms of the Credit Agreement and I have made, or have caused to be made under my supervision, a detailed review of the
transactions and conditions of the Consolidated Group during the accounting period covered by the attached financial statements; 
 3. The
examinations described in paragraph 2 did not disclose, and I have no knowledge of, any Default or Unmatured Default that has occurred and is continuing as of the date of this Certificate, except as set forth below; and 

4. Schedule I attached hereto sets forth financial data and computations evidencing compliance with certain covenants of the Credit
Agreement, all of which data and computations are true, complete and correct. 
 Described below are the exceptions, if any, to paragraph 3
[Please list, in detail, the nature of the condition or event and the action which the Parent has taken, is taking, or proposes to take with respect to each such condition or event]: 

The foregoing certifications, together with the computations set forth in Schedule I hereto and the financial statements delivered with
this Certificate in support hereof, are made and delivered this [__] day of [__________], 20__. 

  
 4 

 SCHEDULE I TO COMPLIANCE CERTIFICATE Schedule of Compliance as of ______________, 20__ with
Provisions of Section 6.14 of the Credit Agreement 
 1. Section 6.14(a)
- Consolidated Adjusted EBITDA to Consolidated Interest Expense 
 A. Consolidated Adjusted
EBITDA (for four fiscal quarters ended __________, 20__) 
  

			
	 (i) Consolidated Net Income
	  	$_________
		
	 (ii) Consolidated Interest Expense
	  	$_________
		
	 (iii) expense for taxes paid or accrued
	  	$_________
		
	 (iv) depreciation
	  	$_________
		
	 (v) amortization
	  	$_________
		
	 (vi) all extraordinary, one-time, non-recurring, infrequently occurring or unusual charges (including charges in respect of litigation and settlement thereof, termination fees in connection with and pursuant to any merger or acquisition agreement
(including the termination fees and transaction costs incurred pursuant to the non-consummation of the WTW Business Combination) and integration and restructuring charges)
	  	$_________
		
	 (vii) non-cash charges and expenses
	  	$_________
		
	 (viii) restructuring related cash and non-cash fees,
charges and expenses paid or incurred by the Parent or any Subsidiary (including employee termination costs, technology realization costs, real estate consolidation costs, asset impairments)
	  	$_________
		
	 (ix) amount of any losses (or minus the amount of any gains) associated with sales of assets
other than in the ordinary course of business, and any costs associated with discontinued operations
	  	$_________
		
	 (x) stock option compensation expense resulting from the adoption of Financial Accounting Standards
Board Statement No. 123R and other non-cash, equity-based charges or expenses
	  	$_________
		
	 (xi) amount of any increase (or minus the amount of any decrease) in pension expense (other
than service costs) resulting from the application of Financial Accounting Standards Board Statement No. 87 or any successor thereto
	  	$_________
		
	 (xii) any impairment charge or asset write-off or
write-down (including related to intangible assets, including goodwill, long-lived assets, and investments in debt and equity)
	  	$_________
		
	 (xiii) expense arising from the early extinguishment of indebtedness
	  	$_________

  
 5 

			
		
	 (xiv) any fees, costs and expenses (including, without limitation, any issuance costs, advisory and
professional fees, any transaction incentives or retention bonuses or similar payments, earnouts or other contingent consideration, and purchase price adjustments), or any amortization thereof, in connection with any acquisition, investment,
disposition, issuance, repayment, refinancing or amendment or other modification of any indebtedness and any issuance of equity interests (in each case, including any such transaction undertaken but not completed), in an aggregate amount not to
exceed 5% of the aggregate consideration for (or principal amounts of) such transactions
	  	$_________
		
	 (xv) non-cash charges or losses or realized losses
attributable to mark-to-market adjustments of derivative instruments entered into in connection with any acquisition
	  	$_________
		
	 (xvi) any non-cash or realized gains attributable to mark-to-market adjustments of derivative instruments entered into in connection with any acquisition
	  	$_________
		
	 (xvii) Sum of (i) through (xv) minus (xvi)
	  	$_________1
		
	 B. Consolidated Interest Expense (for four fiscal quarters ended __________, 20__)
	  	$_________
		
	 C. Ratio of A to B to 1.0
	  	
		
	 D. Consolidated Adjusted EBITDA to Consolidated Interest Expense not to exceed 4.0 to
1.0
	  	
		
	 E.  Ratio [Complies] [Does Not Comply]
	  	
		
	 2.  Section 6.14(b) - Consolidated
Leverage Ratio
	  	
		
	 A. Consolidated Funded Debt (as of __________, 20__)
	  	$__________
		
	 B. Consolidated Adjusted EBITDA (set forth in 1.A(xvii) above)
	  	$__________
		
	 C. Ratio of A to B to 1.00
	  	
		
	 D. Consolidated Leverage Ratio not to exceed [3.25 to 1.00] [3.50:1.00]2
	  	
		
	 E.  Ratio [Complies] [Does Not Comply]
	  	

  

	1 	 For any Measurement Period during which Aon plc or any Subsidiary shall have consummated a Specified
Transaction, Consolidated Adjusted EBITDA for such Measurement Period shall be calculated after giving pro forma effect thereto as if such Specified Transaction occurred on the first day of such Measurement Period. 

	2 	 Insert applicable ratio as determined by Section 6.14(b) of the Credit Agreement. 

  
 6 

 CUSIP Number:___________________ 

EXHIBIT C 

ASSIGNMENT AND ASSUMPTION 

This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is
entered into by and between the Assignor identified in item 1 below (the “Assignor”) and the Assignee identified in item 2 below (the “Assignee”). Capitalized terms used but not defined herein shall have the
meanings given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached
hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in full. 

For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases
and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s
rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding
rights and obligations of the Assignor under the respective facilities identified below (including without limitation any letters of credit, guarantees, and swingline loans included in such facilities), and (ii) to the extent permitted to be
assigned under applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other
documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory
claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned by the Assignor to the Assignee pursuant to clauses (i) and
(ii) above being referred to herein collectively as the “Assigned Interest”). Each such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without
representation or warranty by the Assignor. 
  

			
		
	 1.  Assignor:
	 	                                      
                          
		
		 	                                      
                          
	
	 [Assignor [is] [is not] a Defaulting Lender]

		
	 2.  Assignee:
	 	                                      
                          
		 	                                      
                          
	
	 [for the Assignee, indicate [Affiliate][Approved Fund] of [identify Lender]]

	
	 3.  Borrowers: Aon plc, Aon Corporation, Aon UK Limited, Aon Global
Holdings plc and Aon Global Limited

			
	 4.  Administrative Agent:
	  	Citibank, N.A., as the administrative agent under the Credit Agreement
		
	 5.  Credit Agreement:
	  	The Credit Agreement dated as of September 28, 2021 among Aon plc, Aon Corporation, Aon UK Limited, Aon Global Holdings plc, Aon Global Limited, the Lenders parties thereto, Citibank, N.A., as Administrative Agent, and the
other agents parties thereto
		
	 6.  Assigned Interest[s]:
	  	

  

							
	 Aggregate Amount of

Commitment/Loans for all
 Lenders3
	  	 Amount of

Commitment/Loans
 Assigned
	  	 Percentage Assigned of

Commitment/Loans14
	  	CUSIP Number
	$	  	$	  	%	  	
	$	  	$	  	%	  	
	$	  	$	  	%	  	

  

	[7.	 Trade Date: ______________] 

8. [The Assignee confirms with respect to an Advance to a UK Borrower, for the benefit of the Administrative Agent and without liability to any Loan Party,
that it is: 
 (a) [not a UK Qualifying Lender]; 

(b) [a UK Qualifying Lender (other than a UK Treaty Lender)]; 

(c) [a UK Treaty Lender];]4 

[The Assignee confirms with respect to an Advance to Aon plc, for the benefit of the Administrative Agent and without liability to any Loan Party, that it is:

 (a) [not a Irish Qualifying Lender]; 

(b) [a Irish Qualifying Lender (other than a Irish Treaty Lender)]; 

(c) [a Irish Treaty Lender];]5, 

9. [The Assignee confirms with respect to an Advance to a UK Borrower that the person beneficially entitled to interest payable to that Assignee in respect of
such Advance under a Loan Document is either: 
 (a) a company resident in the United Kingdom for United Kingdom tax purposes; 

(b) a partnership each member of which is: 
  

	 	(i)	 a company so resident in the United Kingdom; or 

 

	 	(ii)	 a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a
permanent establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the CTA) the whole of any share of interest payable in respect of that advance that falls to it by reason of Part 17 of
the CTA; or 

  

	3 	 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders hereunder.

	4 	 Delete as applicable. Each Assignee with respect to an Advance to a UK Borrower is required to confirm which of
these three categories it falls within with respect to the United Kingdom. 

	5 	 Delete as applicable. Each Assignee with respect to an Advance to Aon plc is required to confirm which of these
three categories it falls within with respect to Ireland. 

  
 -2- 

 (c) a company not so resident in the United Kingdom which carries on a trade in the United
    Kingdom through a permanent establishment and which brings into account interest payable in respect of that advance in computing the chargeable profits (within the meaning of section 19 of the CTA) of that company.]6 
 10. [The Assignee confirms with respect to an Advance to a UK Borrower that it holds a passport under
the HMRC DT Treaty Passport scheme (reference number [ ]) and is tax resident in [ ]7, so that interest payable to it by borrowers is generally subject to full exemption from UK withholding tax
and requests that the Administrative Agent notify: 
 (a) each UK Borrower which is a party as a UK Borrower as at the Effective Date; and

 (b) each UK Borrower which becomes a UK Borrower after the Effective Date, 

that it wishes     that scheme to apply to this Credit Agreement.]8 

[Page break] 
  

	6 	 Include if Assignee with respect to an Advance to a UK Borrower comes within paragraph (a)(ii) of the
definition of UK Qualifying Lender. 

	7 	 Insert jurisdiction of tax residence. 

	8 	 This confirmation must be included if the Assignee holds a passport under the United Kingdom HMRC DT Treaty
Passport scheme and wishes that scheme to apply to the Credit Agreement. 

  
 -3- 

 Effective Date:    _____________ ___, 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND
WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.] 
 The terms set forth in this Assignment and Assumption are hereby
agreed to: 
  

	
	ASSIGNOR
	[NAME OF ASSIGNOR]
	
	By:______________________________
	Title:
	
	ASSIGNEE
	[NAME OF ASSIGNEE]
	
	By:______________________________
	Title:

  

	
	[Consented to and]9 Accepted:
	
	CITIBANK, N.A., as
	Administrative Agent
	
	By: _________________________________
	Title:
	
	[Consented to:]10
	
	AON CORPORATION
	
	By: ________________________________
	Title:

  
  

 

	9 	 To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement.

	10 	 To be added only if the consent of the Borrower Representative is required by the terms of the Credit
Agreement.  

  
 -4- 

 ANNEX 1 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ASSUMPTION 
 1.
Representations and Warranties. 
 1.1 Assignor. The Assignor (a) represents and warrants that (i) it is the legal
and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver
this Assignment and Assumption and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made
in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial
condition of the Borrowers, any of their Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document, or (iv) the performance or observance by the Borrowers, any of their Subsidiaries or Affiliates or any other
Person of any of their respective obligations under any Loan Document. 
 1.2. Assignee. The Assignee (a) represents and warrants
that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement,
(ii) it meets all the requirements to be an assignee under Section 12.2(iii), (v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 12.2(iii) of the Credit Agreement), (iii) from
and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with
respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type,
(v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.1 thereof, as applicable, and such other
documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest and
(vii) attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will,
independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking
action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

 2. Payments. From and after the Effective Date, the Administrative Agent shall make
all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued prior to, on or after the Effective Date. The Assignor and the Assignee shall make
all appropriate adjustments in payments by the Administrative Agent for periods prior to the Effective Date or with respect to the making of this assignment directly between themselves. Notwithstanding the foregoing, the Administrative Agent shall
make all payments of interest, fees or other amounts paid or payable in kind from and after the Effective Date to the Assignee. 
 3.
General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Assumption may be executed in any number of
counterparts, which together shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this Assignment
and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York. 

 EXHIBIT D 

GUARANTY SUPPLEMENT 
 _________ __,
____ 
 Citibank, N.A., as Administrative Agent 
 One Penns
Way, OPS II, Floor 2 
 New Castle, Delaware 19720 
 Attention:
Agency Operations 
 Credit Agreement dated as of September 28, 2021 among 

Aon plc, Aon Corporation, Aon UK Limited, Aon Global Holdings plc, Aon Global Limited, 

the other Loan Parties party to the Credit Agreement, the Lenders 

party to the Credit Agreement, 
 and
Citibank, N.A., as Administrative Agent 
 Ladies and Gentlemen: 

Reference is made to the above-captioned Credit Agreement and to the Guaranty set forth in Article XV thereof. The capitalized terms defined in
the Credit Agreement and not otherwise defined herein are used herein as therein defined. 
 Section 1. Guaranty; Limitation of
Liability. (a) The undersigned hereby absolutely, unconditionally and irrevocably guarantees, as a guaranty of payment and performance and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by
required prepayment, upon acceleration, demand or otherwise, and at all times thereafter, of any and all of the Obligations, whether for principal, interest, premiums, fees, indemnities, damages, costs, expenses or otherwise, of the Borrowers to the
Lenders, the Administrative Agent or any indemnified party arising under the Loan Documents (including all renewals, extensions, amendments, refinancings and other modifications thereof and all costs, attorneys’ fees and expenses incurred by
the Lenders, the Administrative Agent or any indemnified party in connection with the collection or enforcement thereof). This Guaranty Supplement shall not be affected by the genuineness, validity, regularity or enforceability of the Obligations or
any instrument or agreement evidencing any Obligations, or by any fact or circumstance relating to the Obligations which might otherwise constitute a defense to the obligations of the undersigned under this Guaranty Supplement (other than payment
thereof), and the undersigned hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing. For the avoidance of doubt, the respective obligations of each Borrower are several and not
joint, except to the extent such Borrower is providing a guarantee as a Guarantor. 
 (b) Notwithstanding anything to the contrary in clause
(a) above, the undersigned, and by its acceptance of this Guaranty Supplement, the Administrative Agent and each Lender, hereby confirms that it is the intention of all such Persons that this Guaranty

 
Supplement, the Guaranty, the Guaranteed Obligations and any other obligations of the undersigned hereunder and thereunder not constitute a fraudulent transfer or conveyance for purposes of
Debtor Relief Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar avoidable or invalid transaction under foreign, federal or state law to the extent applicable to this Guaranty Supplement, the Guaranty and
the obligations of the undersigned hereunder and thereunder. To effectuate the foregoing intention, the Administrative Agent, the Lenders and the undersigned hereby irrevocably agree that the obligations of the undersigned under this Guaranty
Supplement and the Guaranty at any time shall be limited to the maximum amount as will result in the obligations of the undersigned under this Guaranty Supplement and the Guaranty not constituting such fraudulent transfer or conveyance or similarly
avoidable or invalid transaction. 
 (c) The undersigned hereby unconditionally and irrevocably agrees that in the event any payment shall be
required to be made to the Administrative Agent or any Lender under this Guaranty Supplement or the Guaranty, the undersigned will contribute, to the maximum extent permitted by law, such amounts to each other Guarantor so as to maximize the
aggregate amount paid to the Administrative Agent and the Lenders under or in respect of the Credit Agreement. In no event, however, shall the Administrative Agent and the Lenders be entitled to more than a single recovery. 

Section 2. Obligations Under the Guaranty. The undersigned hereby agrees, as of the date first above written, to be bound as a
Guarantor by all of the terms and conditions of the Guaranty to the same extent as each of the other Guarantors thereunder. The undersigned further agrees, as of the date first above written, that each reference in the Guaranty to an
“Additional Guarantor” or a “Guarantor” shall also mean and be a reference to the undersigned, and each reference in any other Loan Document to a “Guarantor” or a “Loan Party” shall also mean and be a
reference to the undersigned. 
 Section 3. Execution in Counterparts. This Guaranty Supplement may be executed in any number of
counterparts, all of which taken together shall constitute one agreement, and any of the parties hereto may execute this Guaranty Supplement by signing any such counterpart. 

Section 4. Governing Law; Jurisdiction; Waiver of Jury Trial, Etc. (a) THIS GUARANTY SUPPLEMENT AND ANY CLAIMS, CONTROVERSY,
DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS GUARANTY SUPPLEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE
TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 (b)
The undersigned hereby irrevocably and unconditionally agrees that it will not commence any action, litigation or proceeding of any kind or description, whether at law or in equity, whether in contract or in tort or otherwise, against the
Administrative Agent, any Lender or any Related Party of the foregoing in any way relating to this Guaranty Supplement or any other Loan Document or the transactions relating hereto or thereto, in any forum other than

 
the courts of the State of New York sitting in New York County, and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, and each of
the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in such New York State court or, to the
fullest extent permitted by applicable law, in such federal court. The undersigned agrees that a final judgment in any such action, litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment
or in any other manner provided by law. Nothing in this Guaranty Supplement or in any other Loan Document shall affect any right that the Administrative Agent, any Lender may otherwise have to bring any action or proceeding relating to this
Guaranty Supplement or any other Loan Document against the undersigned or its properties in the courts of any jurisdiction. 
 (c) The
undersigned irrevocably and unconditionally waives, to the fullest extent permitted by applicable law, any objection that it may now or hereafter have to the laying of venue of any action or proceeding arising out of or relating to this Guaranty
Supplement or any other Loan Document in any court referred to in paragraph (b) of this Section. The undersigned hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court. 
 (d) THE UNDERSIGNED HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING
INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY LOAN DOCUMENT OR THE RELATIONSHIP ESTABLISHED THEREUNDER. 

 

	
	Very truly yours,
	[NAME OF ADDITIONAL GUARANTOR]
	
	By                                      
                                         
                  
	Title:

 EXHIBIT E 

DESIGNATION AGREEMENT 
 _________
__, ____ 
 Citibank, N.A., as Administrative Agent 
 One Penns
Way, OPS II, Floor 2 
 New Castle, Delaware 19720 
 Attention:
Agency Operations 
 Credit Agreement dated as of September 28, 2021 among 

Aon plc, Aon Corporation, Aon UK Limited, Aon Global Holdings plc, Aon Global Limited, 

the other Loan Parties party to the Credit Agreement, the Lenders 

party to the Credit Agreement, 
 and
Citibank, N.A., as Administrative Agent 
 Reference is made to the above-captioned Credit Agreement. The capitalized terms defined in the
Credit Agreement and not otherwise defined herein are used herein as therein defined. 
 Please be advised that the Parent hereby designates
its undersigned Subsidiary, ____________ (“Designated Subsidiary”), as a “Designated Subsidiary” under and for all purposes of the Credit Agreement. 

The Designated Subsidiary, in consideration of each Lender’s agreement to extend credit to it under and on the terms and conditions set
forth in the Credit Agreement, does hereby assume each of the obligations imposed upon a “Designated Subsidiary” and a “Borrower” under the Credit Agreement and agrees to be bound by the terms and conditions of the Credit
Agreement. In furtherance of the foregoing, the Designated Subsidiary hereby represents and warrants to each Lender as follows: 
 (a) The
Designated Subsidiary is duly organized, validly existing and in good standing (or its equivalent, if any) under the laws of ______________________ and is duly qualified and in good standing (or its equivalent, if any) and is duly authorized to
conduct its business in each jurisdiction in which its business is conducted or proposed to be conducted that requires such authorization or qualification, except where failure to be in such good standing (or its equivalent, if any) or so qualified
or authorized would not reasonably be expected to have a Material Adverse Effect. 
 (b) The Designated Subsidiary has all requisite
corporate or limited liability company power and authority and legal right to execute and deliver this Designation Agreement, the Credit Agreement and the Notes that are delivered by it and to perform its obligations thereunder. The execution and
delivery by the Designated Subsidiary of this Designation Agreement, the Credit Agreement and the Notes that are delivered by it and the performance of 

 
its obligations thereunder have been duly authorized by proper corporate proceeding or other organizational action. The Designation Agreement and the Notes delivered by it have been duly executed
and delivered on behalf of the Designated Subsidiary. 
 (c) No order, consent, approval, qualification, license, authorization, or
validation of, or filing, recording or registration with, or exemption by, or other action in respect of, any court, governmental or public body or authority, or any subdivision thereof, any securities exchange or other Person is required to
authorize in connection with the execution, delivery, consummation or performance of any of this Designation Agreement, the Credit Agreement or the Notes to be delivered by the Designated Subsidiary, except for such orders, consents, approvals,
qualifications, licenses, authorizations, or validations of, or filings, recordings or registrations, exemptions, or other actions that have already been taken, given or received, or the failure of which to take, give or receive could not reasonably
be expected to have a Material Adverse Effect. 
 (d) This Designation Agreement constitutes, and the Notes to be delivered by the Designated
Subsidiary when delivered will constitute, legal, valid and binding obligations of the Designated Subsidiary enforceable against the Designated Subsidiary in accordance with their respective terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally. 

(e) There is no litigation, arbitration, proceeding, inquiry or governmental investigation (including, without limitation, by the Federal Trade
Commission) pending or, to the knowledge of any of its officers, threatened against the Designated Subsidiary that would reasonably be expected to prevent or enjoin the making of any Credit Extensions to the Designated Subsidiary under the Credit
Agreement. 
 The Designated Subsidiary hereby agrees that service of process in any action or proceeding brought in any New York State
court or in federal court may be made upon the Aon Corporation at its offices at ___________, Attention: __________ (the “Process Agent”) and the Designated Subsidiary hereby irrevocably appoints the Process Agent to give any notice
of any such service of process, and agrees that the failure of the Process Agent to give any notice of any such service shall not impair or affect the validity of such service or of any judgment rendered in any action or proceeding based thereon.

 Aon Corporation hereby accepts such appointment as the Process Agent and agrees with you that (i) it will maintain an office in [New
York, New York] through the latest Facility Termination Date and will give the Administrative Agent prompt notice of any change of its address, (ii) it will perform its duties as Process Agent to receive on behalf of the Designated Subsidiary
and its property service of copies of the summons and complaint and any other process which may be served in any action or proceeding in any New York State or federal court sitting in New York City arising out of or relating to the Credit Agreement
and (iii) it will forward forthwith to the Designated Subsidiary at its address at ___________________ or, if different, its then current address, copies of any summons, complaint and other process which Aon Corporation received in connection
with its appointment as Process Agent. 

 This Designation Agreement shall be governed by, and construed in accordance with, the laws
of the State of New York. 
  

	
	Very truly yours,
	
	AON PLC
	
	By                                      
                                         
                  
	Title:
	
	AON CORPORATION
	
	By                                      
                                         
                  
	Title:
	
	[NAME OF DESIGNATED SUBSIDIARY]
	
	By                                      
                                         
                  
	Title:

 EXHIBIT F-1 

[FORM OF] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of September 28, 2021 (as amended, modified, renewed or extended from time to
time, the “Credit Agreement”) among Aon plc, a public limited company organized under the laws of England and Wales (the “Parent”), Aon Corporation, a Delaware corporation, Aon UK Limited, a private limited company
organized under the laws of England and Wales, Aon Global Holdings plc, a public limited company organized under the laws of England and Wales, Aon Global Limited, a private limited company organized under the laws of England and Wales, the lenders
party thereto and Citibank, N.A., as Administrative Agent for the Lenders. 
 Pursuant to the provisions of Section 3.5 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank
within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten-percent shareholder of any U.S Borrower within the meaning of Section 871(h)(3)(B) of the Code and (iv) it is
not a controlled foreign corporation related to any U.S. Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned
has furnished the Administrative Agent and each U.S. Borrower with a certificate of its non-U.S. Person status on IRS Form W-8BEN or W-8BEN-E. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform each U.S. Borrower and the
Administrative Agent, and (2) the undersigned shall have at all times furnished each U.S. Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is
to be made to the undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms
defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  

	
	[NAME OF LENDER]
	
	By                                      
                                         
            
	Name:
	Title:
	
	Date: ________ __, 20[ ]

 EXHIBIT F-2 

[FORM OF] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of September 28, 2021 (as amended, modified, renewed or extended from time to
time, the “Credit Agreement”) among Aon plc, a public limited company organized under the laws of England and Wales (the “Parent”), Aon Corporation, a Delaware corporation, Aon UK Limited, a private limited company
organized under the laws of England and Wales, Aon Global Holdings plc, a public limited company organized under the laws of England and Wales, Aon Global Limited, a private limited company organized under the laws of England and Wales, the lenders
party thereto and Citibank, N.A., as Administrative Agent for the Lenders. 
 Pursuant to the provisions of Section 3.5 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of
Section 881(c)(3)(A) of the Code, (iii) it is not a ten-percent shareholder of any U.S. Borrower within the meaning of Section 871(h)(3)(B) of the Code, and (iv) it is not a controlled
foreign corporation related to any U.S. Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its
participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN or
W-8BEN-E. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so
inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the
undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  

	
	[NAME OF PARTICIPANT]
	
	By                                      
                                         
            
	Name:
	Title:
	
	Date: ________ __, 20[ ]

 EXHIBIT F-3 

[FORM OF] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of September 28, 2021 (as amended, modified, renewed or extended from time to
time, the “Credit Agreement”) among Aon plc, a public limited company organized under the laws of England and Wales (the “Parent”), Aon Corporation, a Delaware corporation, Aon UK Limited, a private limited company
organized under the laws of England and Wales, Aon Global Holdings plc, a public limited company organized under the laws of England and Wales, Aon Global Limited, a private limited company organized under the laws of England and Wales, the lenders
party thereto and Citibank, N.A., as Administrative Agent for the Lenders. 
 Pursuant to the provisions of Section 3.5 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such
participation, (iii) with respect to such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or
business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members is a ten-percent shareholder of any U.S. Borrower within the meaning of
Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to any U.S. Borrower as described in Section 881(c)(3)(C) of the Code. 

The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the
following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or
W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or W-8BEN-E from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned
agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently
effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit
Agreement. 
  

	
	[NAME OF PARTICIPANT]
	
	By                                      
                                         
            
	Name:
	Title:
	
	 Date: ________ __, 20[ ]

 EXHIBIT F-4 

[FORM OF] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement dated as of September 28, 2021 (as amended, modified, renewed or extended from time to
time, the “Credit Agreement”) among Aon plc, a public limited company organized under the laws of England and Wales (the “Parent”), Aon Corporation, a Delaware corporation, Aon UK Limited, a private limited company
organized under the laws of England and Wales, Aon Global Holdings plc, a public limited company organized under the laws of England and Wales, Aon Global Limited, a private limited company organized under the laws of England and Wales, the lenders
party thereto and Citibank, N.A., as Administrative Agent for the Lenders. 
 Pursuant to the provisions of Section 3.5 of the Credit
Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect
partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor
any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (iv) none of its
direct or indirect partners/members is a ten-percent shareholder of any U.S. Borrower within the meaning of Section 871(h)(3)(B) of the Code and (v) none of its direct or indirect partners/members is
a controlled foreign corporation related to any U.S. Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has
furnished the Administrative Agent and each U.S. Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption:
(i) an IRS Form W-8BEN or W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an
IRS Form W-8BEN or W-8BEN-E from each of such partner’s/member’s beneficial owners that is claiming the portfolio
interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform each U.S. Borrower and the Administrative Agent, and
(2) the undersigned shall have at all times furnished each U.S. Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the
undersigned, or in either of the two calendar years preceding such payments. 
 Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement. 
  

	
	[NAME OF LENDER]
	
	By                                      
                                         
            

  

	
	Name:
	Title:
	
	Date: ________ __, 20[ ]

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