Document:

Guarantee Agreement

 Exhibit 10.2 
  

 GUARANTEE AGREEMENT 
 dated and effective as of 
 December 4, 2006 
 among 
 MOMENTIVE PERFORMANCE MATERIALS HOLDINGS INC., 
 MOMENTIVE PERFORMANCE MATERIALS INC. 
 MOMENTIVE
PERFORMANCE MATERIALS USA INC., 
 BLITZ 06-103 GMBH, 
 each of the Subsidiary Loan Parties identified herein, 
 and 
 JPMORGAN CHASE BANK, N.A., 
 as Administrative
Agent 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	ARTICLE I
	
	Definitions
	 SECTION 1.01.
	  	Credit Agreement	  	2
	 SECTION 1.02.
	  	Other Defined Terms	  	2
	
	ARTICLE II
	
	Guarantee
	 SECTION 2.01.
	  	Guarantee	  	4
	 SECTION 2.02.
	  	Guarantee of Payment	  	5
	 SECTION 2.03.
	  	No Limitations, Etc	  	5
	 SECTION 2.04.
	  	Reinstatement	  	7
	 SECTION 2.05.
	  	Agreement To Pay; Contribution; Subrogation	  	7
	 SECTION 2.06.
	  	Information	  	7
	 SECTION 2.07.
	  	Maximum Liability	  	7
	 SECTION 2.08.
	  	Payment Free and Clear of Taxes	  	12
	 SECTION 2.09.
	  	Additional Borrowers or Subsidiary Parties	  	13
	 SECTION 2.10.
	  	No Foreign Guarantee of U.S. Obligations	  	13
	
	ARTICLE III
	
	Indemnity, Subrogation and Subordination
	 SECTION 3.01.
	  	Indemnity	  	13
	 SECTION 3.02.
	  	Contribution and Subrogation	  	13
	 SECTION 3.03.
	  	Subordination; Subrogation	  	13
	
	ARTICLE IV
	
	Miscellaneous
	 SECTION 4.01.
	  	Notices	  	16
	 SECTION 4.02.
	  	Limitation By Law	  	16
	 SECTION 4.03.
	  	Binding Effect; Several Agreement	  	16
	 SECTION 4.04.
	  	Successors and Assigns	  	16
	 SECTION 4.05.
	  	Administrative Agent’s Fees and Expenses; Indemnification	  	16
	 SECTION 4.06.
	  	Governing Law	  	17

					
	 SECTION 4.07.
	  	Waivers; Amendment	  	17
	 SECTION 4.08.
	  	WAIVER OF JURY TRIAL	  	18
	 SECTION 4.09.
	  	Severability	  	18
	 SECTION 4.10.
	  	Counterparts	  	18
	 SECTION 4.11.
	  	Headings	  	18
	 SECTION 4.12.
	  	Jurisdiction; Consent to Service of Process	  	19
	 SECTION 4.13.
	  	Termination or Release	  	19
	 SECTION 4.14.
	  	Additional Subsidiaries	  	20
	 SECTION 4.15.
	  	Parallel Debt.	  	20
	 SECTION 4.16.
	  	Judgment Currency	  	21
			
	 Schedules
	  		  	
			
	 Schedule I
	  	Subsidiary Loan Parties	  	
			
	 Exhibits
	  		  	
			
	 Exhibit I
	  	Form of Supplement to the Guarantee Agreement	  	

  

 ii 

 GUARANTEE AGREEMENT dated and effective as of December 4, 2006 (this
“Agreement”), among MOMENTIVE PERFORMANCE MATERIALS HOLDINGS INC., a Delaware corporation (“Holdings”), MOMENTIVE PERFORMANCE MATERIALS INC., a Delaware corporation (“Intermediate
Holdings”), MOMENTIVE PERFORMANCE MATERIALS USA INC., a Delaware corporation (the “U.S. Borrower”), BLITZ 06-103 GMBH, a company organized under the laws of Germany (the “German Borrower”
and together with the U.S. Borrower, the “Borrowers”), each Subsidiary of Intermediate Holdings identified herein as a party and JPMORGAN CHASE BANK, N.A. (“JPMorgan”), as administrative agent and
collateral agent (in such capacities, the “Administrative Agent”) for the Secured Parties (as defined below). 
 PRELIMINARY STATEMENT 
 Reference is made to the Credit Agreement dated as of December 4, 2006 (as amended, restated,
supplemented, waived or otherwise modified from time to time, the “Credit Agreement”), among Holdings, Intermediate Holdings, the Borrowers, the Lenders party thereto from time to time, JPMorgan, as administrative agent and
collateral agent for the Lenders, and General Electric Capital Corporation and UBS Loan Finance LLC, as co-syndication agents. 
 The Lenders
and the Issuing Banks have agreed to extend credit to the Borrowers subject to the terms and conditions set forth in the Credit Agreement. The obligations of the Lenders and the Issuing Banks to extend such credit are conditioned upon, among other
things, the execution and delivery of this Agreement. The Subsidiary Loan Parties are affiliates of the Borrowers, will derive substantial benefits from the extension of credit to the Borrowers pursuant to the Credit Agreement and are willing to
execute and deliver this Agreement in order to induce the Lenders and the Issuing Banks to extend such credit. 
 Now therefore, in
consideration of the mutual covenants and agreements of the parties and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound, the parties hereby agree as follows:

 ARTICLE I 
 Definitions 
 SECTION 1.01. Credit Agreement. (a) Capitalized terms
used in this Agreement and not otherwise defined herein have the respective meanings assigned thereto in the Credit Agreement. 
 (b) The
rules of construction specified in Section 1.02 of the Credit Agreement also apply to this Agreement. 
 SECTION 1.02. Other
Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “Additional
Secured Party” means any Affiliate of a Lender, any Affiliate of the Administrative Agent or any other financial institution reasonably acceptable to the Administrative Agent, in each case that is a provider of Cash Management Services
or the Overdraft Line and to which any obligation referred to in clause (c) or (d) of the definition of the term “Obligations” is owed. 
 “Borrowers” has the meaning assigned to such term in the introductory paragraph of this Agreement. 
 “Canadian Guarantor” means any of the Guarantors designated as such on Schedule I and any party entering into this Agreement as a Guarantor after the date hereof that is incorporated in
and existing in Canada or any political subdivision thereof. 
 “Cash Management Services” means any cash management
services (including, but not limited to, intraday, ACH and purchasing card/T&E services) that are (i) in effect on the Closing Date with a counterparty that is a Lender or the Administrative Agent or an Affiliate of a Lender or the
Administrative Agent as of the Closing Date or (ii) entered into after the Closing Date with any counterparty that is a Lender or the Administrative Agent or an Affiliate of a Lender or the Administrative Agent at the time such services are
entered into. 
 “Collateral” means, collectively, the Collateral defined in each of the Collateral Agreements.

 “Credit Agreement” has the meaning assigned to such term in the preliminary statement of this Agreement.

 “Dutch Guarantor” means any party entering into this Agreement as a Guarantor after the date hereof that is
incorporated in and existing in the Netherlands. 
 “Foreign Guarantor” means any Guarantor that is incorporated or
organized under the laws of any jurisdiction other than the United States of America, any State thereof or the District of Columbia. 
  

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 “German Guarantors” means the Guarantors designated as such on Schedule I
and any party entering into this Agreement as a Guarantor after the date hereof that is incorporated in and existing in Germany. 
 “Guaranteed Obligations” means: 
 (i) in the case of the German Borrower, the
Obligations of the Foreign Subsidiaries in respect of Guaranteed Swap Agreements, Cash Management Services and the Overdraft Line; 
 (ii) in the case of the Foreign Guarantors (other than the German Borrower), (A) the Obligations of the German Borrower and (B) the Obligations of the Foreign Subsidiaries in respect of Guaranteed Swap Agreements, Cash
Management Services and the Overdraft Line; 
 (iii) in the case of the U.S. Borrower, (A) the Obligations of the
German Borrower and (B) the Obligations of the other Loan Parties and the other Subsidiaries in respect of Guaranteed Swap Agreements, Cash Management Services and the Overdraft Line; and 
 (iv) in the case of the US Guarantors (other than the U.S. Borrower), (A) the Obligations of the Borrowers and (B) the
Obligations of the Loan Parties and the other Subsidiaries in respect of Guaranteed Swap Agreements, Cash Management Services and the Overdraft Line. 
 “Guarantors” means Holdings, Intermediate Holdings, the Borrowers and each of the Subsidiary Loan Parties set forth on Schedule I and any additional Subsidiary Loan Party that becomes a
party hereto pursuant to Section 4.14. 
 “Loan Document Obligations” means (a) the due and punctual
payment by each of the Borrowers of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in
such proceeding) on the Loans made to the Borrowers, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by any of the Borrowers under the Credit
Agreement in respect of any Letter of Credit, when and as due, including payments in respect of reimbursement of disbursements, interest thereon (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other
similar proceeding, regardless of whether allowed or allowable in such proceeding) and obligations to provide cash collateral and (iii) all other monetary obligations of the Borrowers to any of the Secured Parties under the Credit Agreement and
each of the other Loan Documents, including obligations to pay fees, expenses and reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred
during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) 

  

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and (b) the due and punctual payment of all the obligations of each other Loan Party under or pursuant to this Agreement and each of the other Loan
Documents. 
 “Obligations” means (a) the Loan Document Obligations, (b) the due and punctual payment of
all obligations of each Loan Party and each other Subsidiary under each Guaranteed Swap Agreement, (c) the due and punctual payment of all obligations of each Loan Party and each other Subsidiary under any Cash Management Services and
(d) the due and punctual payment of all obligations in respect of the Overdraft Line most recently identified in writing by Intermediate Holdings to the Administrative Agent; provided that in no event shall the holders of any obligations
under the Overdraft Line have the right to receive proceeds in respect of a claim in excess of $25.0 million in the aggregate (plus (A) any accrued and unpaid interest in respect of Indebtedness incurred by Intermediate Holdings or any
Subsidiary under the Overdraft Line and (B) any accrued and unpaid fees and expenses owing by Intermediate Holdings or any Subsidiary under the Overdraft Line). 
 “Secured Parties” means (a) the Lenders ,the Administrative Agent and the Additional Secured Parties, (b) each Issuing Bank, (c) each counterparty to any Guaranteed Swap
Agreement, the obligations under which constitute Obligations, (d) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (e) the successors and permitted assigns of each of the
foregoing. 
 “Subsidiary Loan Party” means each Subsidiary set forth on Schedule I, and any Subsidiary
that becomes a party hereto pursuant to Section 4.14. 
 “Supplement” has the meaning assigned to such term in
Section 4.14. 
 “Swiss Guarantors” means the Guarantors designated as such on Schedule I and any
party entering into this Agreement as a Guarantor after the date hereof that is incorporated in and existing in Switzerland. 
 “US Guarantors” means the Guarantors designated as such on Schedule I and any party entering into this Agreement as a Guarantor after the date hereof that is incorporated in and existing in the United States
of America, any State thereof or the District of Columbia. 
 ARTICLE II 
 Guarantee 
 SECTION 2.01. Guarantee. Each Guarantor
unconditionally and irrevocably guarantees, jointly with the other Guarantors and severally, to the Administrative Agent, for the ratable benefit of the Secured Parties, as a primary obligor and not merely as a surety, the due and punctual payment
of its Guaranteed Obligations. Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee
notwithstanding any extension or renewal of any 

  

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Guaranteed Obligation. Each Guarantor waives presentment to, demand of payment from and protest to any Borrower or any other Loan Party of any of the
Guaranteed Obligations, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment. 
 SECTION 2.02.
Guarantee of Payment. Each Guarantor further agrees that its guarantee hereunder constitutes a guarantee of payment when due (whether at the stated maturity, by acceleration or otherwise) and not of collection, and waives any
right to require that any resort be had by the Administrative Agent or any other Secured Party to any security held for the payment of the Guaranteed Obligations or to any balance of any deposit account or credit on the books of the Administrative
Agent or any other Secured Party in favor of any Borrower or any other person. 
 SECTION 2.03. No Limitations, Etc.
(a) Except for termination of a Guarantor’s obligations hereunder as expressly provided for in Section 4.13 and except for the limitations set forth in Section 2.07 or, with respect to any Subsidiary Loan Party that
becomes a party hereto pursuant to Section 4.14 or otherwise, in any Supplement to this Agreement, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason,
including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or unenforceability of the
Guaranteed Obligations or otherwise (other than defense of payment or performance). Without limiting the generality of the foregoing, the obligations of each Guarantor hereunder, to the fullest extent permitted by applicable law, shall not be
discharged or impaired or otherwise affected by, and each Guarantor hereby waives any defense to the enforcement hereof by reason of: 
 (i) the failure of the Administrative Agent or any other Secured Party to assert any claim or demand or to exercise or enforce any right or remedy under the provisions of any Loan Document or otherwise; 
 (ii) any rescission, waiver, amendment or modification of, increase in the Guaranteed Obligations with respect to, or any release from any
of the terms or provisions of, any Loan Document or any other agreement, including with respect to any other Guarantor under this Agreement; 
 (iii) the failure to perfect any security interest in, or the exchange, substitution, release or any impairment of, any security held by the Administrative Agent or any other Secured Party for the Guaranteed
Obligations; 
 (iv) any default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations;

 (v) any other act or omission that may or might in any manner or to any extent vary the risk of any Guarantor or otherwise
operate as a discharge 

  

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of any Guarantor as a matter of law or equity (other than the payment in full in cash or immediately available funds of all the Guaranteed Obligations);

 (vi) any illegality, lack of validity or enforceability of any Guaranteed Obligation; 
 (vii) any change in the corporate existence, structure or ownership of any Loan Party, or any insolvency, bankruptcy, reorganization or
other similar proceeding affecting a Loan Party or its assets or any resulting release or discharge of any Guaranteed Obligation; 
 (viii) the existence of any claim, set-off or other rights that the Guarantor may have at any time against any Borrower, the Administrative Agent, or any other corporation or person, whether in connection herewith or any unrelated
transactions, provided that nothing herein will prevent the assertion of any such claim by separate suit or compulsory counterclaim; 
 (ix) any action permitted or authorized hereunder; or 
 (x) any other circumstance (including without limitation,
any statute of limitations) or any existence of or reliance on any representation by the Administrative Agent that might otherwise constitute a defense to, or a legal or equitable discharge of, any Borrower or the Guarantor or any other guarantor or
surety. 
 Each Guarantor expressly authorizes the Secured Parties to take and hold security for the payment and performance of the Guaranteed Obligations,
to exchange, waive or release any or all such security (with or without consideration), to enforce or apply such security and direct the order and manner of any sale thereof in their sole discretion or to release or substitute any one or more other
guarantors or obligors upon or in respect of the Guaranteed Obligations, all without affecting the obligations of any Guarantor hereunder. 
 (b) To the fullest extent permitted by applicable law, each Guarantor waives any defense based on or arising out of any defense of any other Loan Party or the unenforceability of the Guaranteed Obligations or any part thereof from any
cause, or the cessation from any cause of the liability of any other Loan Party, other than the payment in full in cash or immediately available funds of all the Guaranteed Obligations (other than contingent or unliquidated obligations or
liabilities). The Administrative Agent and the other Secured Parties may, at their election, foreclose on any security held by one or more of them by one or more judicial or nonjudicial sales, accept an assignment of any such security in lieu of
foreclosure, compromise or adjust any part of the Guaranteed Obligations, make any other accommodation with any other Loan Party or exercise any other right or remedy available to them against any other Loan Party, without affecting or impairing in
any way the liability of any Guarantor hereunder except to the extent the Guaranteed Obligations (other than contingent or unliquidated obligations or liabilities) have been paid in full in cash or immediately available funds. To the fullest extent
permitted by applicable law, each Guarantor waives any defense arising out of any such 

  

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election even though such election operates, pursuant to applicable law, to impair or to extinguish any right of reimbursement or subrogation or other right
or remedy of such Guarantor against any other Loan Party, as the case may be, or any security. 
 SECTION 2.04.
Reinstatement. Each Guarantor agrees that its guarantee hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Guaranteed Obligation is rescinded or
must otherwise be restored by the Administrative Agent or any other Secured Party upon the bankruptcy or reorganization of any Borrower or any other Loan Party or otherwise. 
 SECTION 2.05. Agreement To Pay; Contribution; Subrogation. In furtherance of the foregoing and not in limitation of any other right
that the Administrative Agent or any other Secured Party has at law or in equity against any Guarantor by virtue hereof, upon the failure of any Borrower or any other Loan Party to pay any Guaranteed Obligation when and as the same shall become due,
whether at maturity, by acceleration, after notice of prepayment or otherwise, each Guarantor hereby promises to and will forthwith pay, or cause to be paid, to the Administrative Agent for distribution to the applicable Secured Parties in cash the
amount of such unpaid Guaranteed Obligation. Each Guarantor hereby unconditionally and irrevocably agrees that in the event any payment shall be required to be made to any Secured Party under this guarantee, such Guarantor 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 Secured Parties under or in respect of the Loan Documents. Upon payment by any Guarantor of any sums to the Administrative Agent
as provided above, all rights of such Guarantor against the applicable Borrower or any other Guarantor arising as a result thereof by way of right of subrogation, contribution, reimbursement, indemnity or otherwise shall in all respects be subject
to Article III. 
 SECTION 2.06. Information. Each Guarantor assumes all responsibility for being and keeping
itself informed of the financial condition and assets of each of the Borrowers and each other Loan Party, and of all other circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks
that such Guarantor assumes and incurs hereunder, and agrees that none of the Administrative Agent or the other Secured Parties will have any duty to advise such Guarantor of information known to it or any of them regarding such circumstances or
risks. 
 SECTION 2.07. Maximum Liability. (a) Each US Guarantor, and by its acceptance of this guarantee, the
Administrative Agent and each Lender hereby confirms that it is the intention of all such Persons that this guarantee and the Guaranteed Obligations of each US Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of
the U.S. Bankruptcy Code or any other federal, state or non-U.S. bankruptcy, insolvency, receivership or similar law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal, state or non-U.S. law to the
extent applicable to this guarantee and the Guaranteed Obligations of each US Guarantor hereunder. To effectuate the foregoing intention, the Administrative Agent, the Lenders and the US Guarantors hereby irrevocably agree that the Obligations

  

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of each US Guarantor under this guarantee at any time shall be limited to the maximum amount as will result in the Guaranteed Obligations of such US
Guarantor under this guarantee not constituting a fraudulent transfer or conveyance. 
 (b) In respect of any German Guarantor incorporated
as a GmbH or GmbH & Co KG under the laws of the Federal Republic of Germany (the “Relevant German Guarantor”), the Administrative Agent agrees to enforce the guarantee provided hereunder (the
“Guarantee”) in accordance with this clause (b) only. 
 (i) If and to the extent that the
Guarantee secures obligations (A) which are owed by direct or indirect shareholders of the Relevant German Guarantor or Subsidiaries of such shareholders (with the exception of Subsidiaries which are also Subsidiaries of the Relevant German
Guarantor) and provided that (B) such obligations do not correspond to funds that have been on-lent to, or otherwise been passed on to, or issued for the benefit of, the Relevant German Guarantor or any of its Subsidiaries the limitation as set
out in clause (ii) below shall apply. In relation to any other Guaranteed Obligations, the Guarantee of the Relevant German Guarantor remains unlimited. 
 (ii) Subject to paragraph (i), the Administrative Agent agrees not to enforce any amount under the Guarantee which is higher than the
Realisable Amount. 
 (iii) “Realisable Amount” shall mean an amount of the proceeds
resulting from the enforcement of the Guarantee which may be applied towards the Guaranteed Obligations without having the effect of: 
 (A) reducing the Relevant German Guarantor’s net assets (Nettovermögen) (or, in case of a GmbH & Co. KG, the net assets of the general partner of the Relevant German Guarantor (the
“Net Assets”) to an amount less than its stated share capital (Stammkapital); or 
 (B) if the Net Assets are already an amount less than the stated share capital of the Relevant German Guarantor causing such amount being further reduced, 
 and thereby affecting the assets required for the preservation of the stated share capital according to Sects. 30, 31 German Limited Liability Companies Act (GmbHG) (the “Capital
Impairment”). 
 (iv) The value of the Relevant German Guarantor’s (or, in case of a GmbH &
Co. KG, of its general partner’s) net assets shall be determined in accordance with the principles for ordinary bookkeeping and the preparation of balance sheets as they were consistently applied by the Relevant German Guarantor in preparing
its unconsolidated balance sheets in the previous years and shall be calculated as an amount equal to the sum of the values of 

  

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the Relevant Guarantor’s assets (consisting of all assets which correspond to the items set forth in section 266 sub-section (2) A, B and C of the
German Commercial Code (Handelsgesetzbuch) less the aggregate amount of the German Guarantor’s liabilities (consisting of all liabilities and liability reserves which correspond to the items set forth in section 266 sub-section (3) B, C
and D of the German Commercial Code). When determining the Relevant German Guarantor’s or its general partner’s net assets, the following shall apply: 
 (A) the amount of any increase of the stated share capital (Stammkapital) of the Relevant German Guarantor or its general partner
after the date of this agreement, effected without the prior written consent of the Administrative Agent, shall be deducted from the Relevant German Guarantor’s or its general partner’s stated share capital (Stammkapital);

 (B) loans provided to the Relevant German Guarantor which are subordinated according to a qualified subordination
(qualifizierter Rankrücktritt) shall be disregarded; and 
 (C) loans and other liabilities incurred by the
Relevant German Guarantor in wilful or grossly negligent violation of the provisions of any Loan Document shall be disregarded. 
 (v) Upon the written request of the Administrative Agent, the Relevant German Guarantor shall for the purposes of the determination of the Realisable Amount, dispose of all assets (other than real estate) at market value which are not
necessary for the Relevant German Guarantor’s business (nicht betriebsnotwendig) and are shown in the balance sheet of the Relevant German Guarantor with a book value (Buchwert) which is significantly lower than the market value
of such assets. 
 (vi) The limitations set out in paragraphs (i) and (ii) above shall only apply if and to the
extent that: 
 (A) within ten (10) days following a notice of realisation of the Guarantee to the Relevant German
Guarantor by the Administrative Agent (the “Relevant Date”), the managing director(s) on behalf of the Relevant German Guarantor has demonstrated in writing to the Administrative Agent (x) to what extent the Guarantee is
an up-stream or cross-stream security and the secured Guaranteed Obligations do not correspond to funds that have been on-lent to, or otherwise passed on to, the Relevant German Guarantor or any of its Subsidiaries; and (y) that amount by which
the proceeds from the enforcement would exceed the Realisable Amount; and such demonstration is supported by evidence satisfactory to the 

  

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Administrative Agent (the “Management Determination”) and the Administrative Agent has not contested this; or

 (B) within thirty (30) days from the date the Administrative Agent has contested the Management Determination, the
Administrative Agent is provided with a determination of the Realisable Amount as of the last day of the calendar month ending before the Relevant Date which is prepared by auditors of international standard and reputation (the
“Auditor’s Determination”) appointed by the Relevant German Guarantor with the consent of the Administrative Agent. Absent manifest error, such determination shall be binding on all parties. 
 (vii) If the Guarantee were enforced without limitation because the Management Determination was not delivered within the relevant period
of time or contested by the Administrative Agent, the Administrative Agent shall repay upon written demand by the Relevant German Guarantor to the Relevant German Guarantor any amount which is necessary according to the Auditor’s Determination
to cure the Capital Impairment (calculated as of the date of the relevant demand) provided such demand for repayment is made to the Administrative Agent within 6 months (Ausschlussfrist) from the date the Guarantee has been enforced.

 (viii) If the Relevant German Guarantor demonstrates that an enforcement of the Guarantee has, despite the fact that its
liability is limited pursuant to paragraph (ii) above, the effect of the Relevant German Guarantor not being able to pay its debts as they fall due (Verlust der Zahlungsfähigkeit), then the payment obligation of that Relevant German
Guarantor under this Guarantee shall be limited in such way that the Agent may only enforce the Guarantee up to such amount(s) and at such times (for instance in payment installments) that the Relevant German Guarantor is at all times left with the
liquidity necessary to remain able to pay its debts as they fall due (zahlungsfähig) in order to ensure the continued existence of the Relevant German Guarantor (kein Existenzvernichtender Eingriff). 
 (ix) If the Relevant German Guarantor invokes a limitation of its liability pursuant to paragraph (viii), then the Relevant German
Guarantor shall promptly realize any and all of its assets that are not necessary for the Relevant German Guarantor’s business (nicht betriebsnotwendig), to the extent necessary to satisfy the amounts demanded under this Guarantee.

 (x) The limitation set out in this clause (b) does not affect the right of the Administrative Agent to claim against
any outstanding amount at a later point in time if and to the extent that the limitation set out in this clause (b) would allow such claim at that later point. 
  

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 (c) Any guarantee provided hereunder by any Dutch Guarantor shall be limited to the extent required so
that such guarantee does not constitute a breach of the financial assistance prohibitions contained in Section 2:207c or 2:98c, as applicable, of the Dutch Civil Code (the “Prohibition”). For the avoidance of any doubt
it is expressly acknowledged that the relevant Dutch Guarantors will continue to guarantee all such Guaranteed Obligations which, if included, do not constitute a violation of the Prohibition. 
 (d) The guarantee provided hereunder by the Swiss Guarantor shall be limited as follows: 
 (i) If and to the extent the Guaranteed Obligations are not the primary obligations of the Swiss Guarantor or the primary obligations
of the direct or indirect subsidiaries of the Swiss Guarantor, but the obligations of direct or indirect parent companies and their respective direct or indirect subsidiaries of the Swiss Guarantor (except for the Swiss Guarantor itself and its
direct and indirect subsidiaries), the guarantee provided hereunder by the Swiss Guarantor, and its respective payment obligations shall be limited to the amount permitted under Swiss corporate law and practice (prohibiting capital repayments or
restricting profit distributions), and in particular the Swiss Guarantor shall (A) only be liable to the Administrative Agent, for the ratable benefit of the Secured Parties, to the extent and in the maximum amount of its profits available for
the distribution of dividends (being the balance sheet profits and any reserves made on this behalf, all in accordance with Art. 675 par, 2 of the Swiss Code of Obligations, applicable to Swiss LLCs through Art. 805 of the Swiss code of Obligations)
at any given time; (B) (1) deduct from any such payments Swiss Anticipatory Tax (withholding tax) at the rate of 35 percent (or such other rate as is in force from time to time) and subject to any applicable double taxation treaty;
(2) pay such deduction to the Swiss Federal Tax Administration; and (3) give evidence to the Administrative Agent, for the ratable benefit of the Secured Parties, of such deduction; and (C) gross-up for such deduction (provided that
the Lender has properly completed, executed and delivered any documentation, as may reasonably be requested by the Swiss Guarantor, that such Lender is legally entitled to complete, execute and deliver that would reduce or eliminate such deduction)
and gross-up pursuant to Section 2.08 of this Agreement or Section 2.17 of the Credit Agreement to the extent that the gross amount payable does not exceed the maximum amount defined under (A) of this section. 
 (ii) If and to the extent (at the time a payment under or pursuant to this Agreement is due) required under Swiss corporate law
(prohibiting capital repayments or restricting profit distributions), the Swiss Guarantor undertakes to promptly implement all such measures and/or promptly procure the fulfilment of all prerequisites allowing for 

  

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the (requested) payment(s) to be promptly made from time to time, including the following: 
 (A) preparation of an up-to-date audited balance sheet of the Swiss Guarantor. The Swiss Guarantor undertakes to appoint its statutory
auditor or to mandate an auditor satisfactory and acceptable to the Administrative Agent for the purpose of preparing and auditing such up-to-date balance sheet of the Swiss Guarantor; 
 (B) confirmation of the auditors of the Swiss Guarantor (specially elected for the purpose of preparing and auditing an up-to-date
balance sheet of the Swiss Guarantor) that the amount to be distributed represents (the maximum of) freely distributable profit; 
 (C) approval by a partner(s)’ meeting of the Swiss Guarantor of the (resulting) profit distribution; and 
 (D)
all such other measures necessary or useful to allow the Swiss Guarantor to make the respective payment referred to in this Agreement with a minimum of limitations, including the conversion of unnecessarily restricted reserves into distributable
reserves and/or the reduction of the share capital of the Swiss Guarantor. 
 (iii) The parties hereto acknowledge that the
Swiss Guarantor has entered into an assignment agreement and three inventory pledge agreements with the Administrative Agent, dated as of the date hereof (the “Swiss Assignment Agreement” and the “Swiss Pledge
Agreements”), pursuant to which all the trade receivables, insurance claims and inter-company receivables of such Swiss Guarantor are assigned for security purposes to the Administrative Agent (for the ratable benefit of the Secured
Parties), and all the inventory of such Swiss Guarantor is pledged for security purposes to the Administrative Agent (for the ratable benefit of the Secured Parties). The parties to this Agreement hereby acknowledge that the limitations applicable
to the Swiss Guarantor set forth in Section 2.07 of this Agreement also apply, in addition to the obligations of the Swiss Guarantor under this Agreement, to the obligations of the Swiss Guarantor under the Swiss Assignment Agreement and the
Swiss Pledge Agreements. 
 SECTION 2.08. Payment Free and Clear of Taxes. Any and all payments by or on account of any
obligation of any Guarantor hereunder or under any other Loan Document shall be made free and clear of, and without deduction for, any Indemnified Taxes or Other Taxes on the same terms and to the same extent that payments by the Borrowers are
required to be made pursuant to the terms of Section 2.17 of the Credit Agreement. The provisions of Section 2.17 of the Credit Agreement shall apply to each Guarantor mutatis mutandis. 
  

 12 

 SECTION 2.09. Additional Borrowers or Subsidiary Parties. The guarantee of any
Subsidiary Party or Borrower that becomes a party hereto pursuant to Section 4.14 shall be subject to the limitations (if any) set forth in the applicable Supplement relating to such guarantee. 
 SECTION 2.10. No Foreign Guarantee of U.S. Obligations. Notwithstanding anything to the contrary contained herein (including in Article III
below), no Foreign Guarantor shall, or shall be deemed to, provide a guarantee of any Obligations of any U.S. Borrower or any US Guarantor pursuant to the terms hereof. 
 ARTICLE III 
 Indemnity, Subrogation and Subordination 
 SECTION 3.01. Indemnity. In addition to all such rights of indemnity and subrogation as the Guarantors may have under applicable law
(but subject to Section 3.03 hereof), each Borrower agrees that (a) in the event a payment shall be made by any Guarantor (including another Borrower, in its capacity as a Guarantor hereunder) under this Agreement in respect of any
Guaranteed Obligation of such Borrower, such Borrower shall indemnify such Guarantor for the full amount of such payment and such Guarantor shall be subrogated to the rights of the person to whom such payment shall have been made to the extent of
such payment and (b) in the event any assets of any Guarantor shall be sold pursuant to a Security Document to satisfy in whole or in part a Guaranteed Obligation owed to any Secured Party by any Borrower, such Borrower shall indemnify such
Guarantor in an amount equal to the greater of the book value or the fair market value of the assets so sold. 
 SECTION 3.02.
Contribution and Subrogation. Each Guarantor (a “Contributing Guarantor”) agrees (subject to Section 3.03 hereof) that, in the event a payment shall be made by any other Guarantor hereunder in
respect of any Guaranteed Obligation, or assets of any other Guarantor shall be sold pursuant to any Security Document to satisfy any Guaranteed Obligation owed to any Secured Party and such other Guarantor (the “Claiming
Guarantor”) shall not have been fully indemnified by the applicable Borrower as provided in Section 3.01 hereof, the Contributing Guarantor shall indemnify the Claiming Guarantor in an amount equal to the amount of such payment or
the greater of the book value or the fair market value of such assets, as applicable, in each case multiplied by a fraction of which the numerator shall be the net worth of such Contributing Guarantor on the date hereof and the denominator shall be
the aggregate net worth of all the Guarantors on the date hereof (or, in the case of any Guarantor becoming a party hereto pursuant to Section 4.14 hereof, the date of the supplement hereto executed and delivered by such Guarantor). Any
Contributing Guarantor making any payment to a Claiming Guarantor pursuant to this Section 3.02 shall be subrogated to the rights of such Claiming Guarantor under Section 3.01 hereof to the extent of such payment. 
 SECTION 3.03. Subordination; Subrogation. (a) Subject to the limitations set forth in Section 2.07, to the extent
permitted by law and to the extent to do 

  

 13 

 
so would not constitute unlawful financial assistance, each Guarantor hereby subordinates any and all debts, liabilities and other Obligations owed to such
Guarantor by each other Loan Party (the “Subordinated Obligations”) to the Guaranteed Obligations to the extent and in the manner hereinafter set forth in this Section 3.03: 
 (i) Prohibited Payments, Etc. Each Guarantor may receive payments from any other Loan Party on account of the
Subordinated Obligations. After the occurrence and during the continuance of any Event of Default, if requested by the Administrative Agent or required by the Required Lenders, no Guarantor shall demand, accept or take any action to collect any
payment on account of the Subordinated Obligations until the Guaranteed Obligations have been paid in full in cash. 
 (ii)
Prior Payment of Guaranteed Obligations. In any proceeding under the U.S. Bankruptcy Code or any other U.S. federal, U.S. state or non-U.S. bankruptcy, insolvency, receivership or similar law in any jurisdiction relating to any
other Loan Party, each Guarantor agrees that the Secured Parties shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all interest and expenses accruing after the commencement of a proceeding under any U.S.
Bankruptcy Code or any other U.S. federal, U.S. state or non-U.S. bankruptcy, insolvency, receivership or similar law in any jurisdiction, whether or not constituting an allowed claim in such proceeding (“Post-Petition
Interest”)) before such Guarantor receives payment of any Subordinated Obligations. 
 (iii)
Turn-Over. After the occurrence and during the continuance of any Event of Default, each Guarantor shall, if the Administrative Agent so requests, collect, enforce and receive payments on account of the Subordinated Obligations
as trustee for (or, in any jurisdiction whose law does not include the concept of trusts, for the account of) the Secured Parties and deliver such payments to the Administrative Agent on account of the Guaranteed Obligations (including all
Post-Petition Interest), together with any necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this guarantee. 
 (iv) Administrative Agent Authorization. After the occurrence and during the continuance of any Event of Default, the
Administrative Agent is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the name of each Guarantor, to collect and enforce, and to submit claims in respect of, the Subordinated Obligations and to apply
any amounts received thereon to the Guaranteed Obligations (including any and all Post-Petition Interest), and (ii) to require each Guarantor (A) to collect and enforce, and to submit claims in respect of, the Subordinated Obligations and
(B) to pay any amounts received on such obligations to the Administrative Agent for application to the Guaranteed Obligations (including any and all Post-Petition Interest). 
  

 14 

 (b) Subject to the limitations set forth in Section 2.07, each Guarantor hereby unconditionally and
irrevocably agrees not to exercise any rights that it may now have or hereafter acquire against any Borrower, any other Loan Party or any other insider guarantor that arise from the existence, payment, performance or enforcement of such
Guarantor’s obligations under or in respect of the guarantee set forth in Article II or any other Loan Document, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification and any
right to participate in any claim or remedy of any Secured Party against any Borrower, any other Loan Party or any other insider guarantor or any Collateral, whether or not such claim, remedy or right arises in equity or under contract, statute or
common law, including, without limitation, the right to take or receive from any Borrower, any other Loan Party or any other insider guarantor, directly or indirectly, in cash or other property or by set-off or in any other manner, payment or
security on account of such claim, remedy or right, unless and until all of the Guaranteed Obligations and all other amounts payable under the guarantee set forth in Article II shall have been paid in full in cash, all Letters of Credit and all Swap
Agreements secured hereunder shall have expired or been terminated or cash collateralized and the Commitments shall have expired or been terminated and each Guarantor agrees that it will not be entitled to bring any action, claim, suit or other
proceeding in respect of any right it may have in respect of any payment on its Guarantee until such time. If any amount shall be paid to any Guarantor in violation of the immediately preceding sentence at any time prior to the latest of
(a) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under the guarantee set forth in Article II and (b) the latest date of expiration, termination or cash collateralization of all Letters of
Credit and all Swap Agreements secured hereunder, such amount shall be received and held in trust for the benefit of the Secured Parties, shall be segregated from other property and funds of such Guarantor and shall forthwith be paid or delivered to
the Administrative Agent in the same form as so received (with any necessary endorsement or assignment) to be credited and applied to the Guaranteed Obligations and all other amounts payable under the guarantee set forth in Article II, whether
matured or unmatured, in accordance with the terms of the Loan Documents, or to be held as Collateral for any Guaranteed Obligations or other amounts payable under such guarantee thereafter arising. If (i) any Guarantor shall make payment to
any Secured Party of all or any part of the Guaranteed Obligations, (ii) all of the Guaranteed Obligations and all other amounts payable under the guarantee set forth in Article II shall have been paid in full in cash, (iii) the Revolving
Facility Maturity Date, Term Facility Maturity Date and Synthetic L/C Maturity Date shall have occurred and (iv) all Letters of Credit and all Swap Agreements secured hereunder shall have expired, terminated, or shall have been cash
collateralized, the Administrative Agent will, at such Guarantor’s request and expense, execute and deliver to such Guarantor appropriate documents, without recourse and without representation or warranty, necessary to evidence the transfer by
subrogation to such Guarantor of an interest in the Guaranteed Obligations resulting from such payment made by such Guarantor pursuant to such guarantee. 
  

 15 

 ARTICLE IV 
 Miscellaneous 
 SECTION 4.01. Notices. All communications and notices
hereunder shall (except as otherwise expressly permitted herein) be in writing and given as provided in Section 9.01 of the Credit Agreement. All communications and notices hereunder to any Subsidiary Loan Party shall be given to it in care of
Intermediate Holdings, with such notice to be given as provided in Section 9.01 of the Credit Agreement. 
 SECTION 4.02.
Limitation By Law. All rights, remedies and powers provided in this Agreement may be exercised only to the extent that the exercise thereof does not violate any applicable provision of law, and all the provisions of this
Agreement are intended to be subject to all applicable mandatory provisions of law that may be controlling and to be limited to the extent necessary so that they shall not render this Agreement invalid or unenforceable, in whole or in part, under
the provisions of any applicable law. 
 SECTION 4.03. Binding Effect; Several Agreement. This Agreement shall become
effective as to any party to this Agreement when a counterpart hereof executed on behalf of such party shall have been delivered to the Administrative Agent and a counterpart hereof shall have been executed on behalf of the Administrative Agent, and
thereafter shall be binding upon such party and the Administrative Agent and their respective permitted successors and assigns, and shall inure to the benefit of such party, the Administrative Agent and the other Secured Parties and their respective
permitted successors and assigns, except that no party shall have the right to assign or transfer its rights or obligations hereunder or any interest herein (and any such assignment or transfer shall be void) except as expressly contemplated by this
Agreement or the Credit Agreement. This Agreement shall be construed as a separate agreement with respect to each party and may be amended, modified, supplemented, waived or released with respect to any party without the approval of any other party
and without affecting the obligations of any other party hereunder. 
 SECTION 4.04. Successors and Assigns. Whenever in
this Agreement any of the parties hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Guarantor or the Administrative
Agent that are contained in this Agreement shall bind and inure to the benefit of their respective permitted successors and assigns; provided that no Guarantor may assign, transfer or delegate any of its rights or obligations under this
Agreement without the prior written consent of the Administrative Agent. 
 SECTION 4.05. Administrative Agent’s Fees and
Expenses; Indemnification. (a) The parties hereto agree that the Administrative Agent shall be entitled to reimbursement of its expenses incurred hereunder as provided in Section 9.05 of the Credit Agreement. 
  

 16 

 (b) Without limitation of its indemnification obligations under the other Loan Documents, each Guarantor
jointly and severally agrees to indemnify the Administrative Agent and the other Indemnitees (as defined in Section 9.05 of the Credit Agreement) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities
and related expenses, including reasonable counsel fees, charges and disbursements, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of, (i) the execution, delivery or performance of this
Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and other
transactions contemplated hereby, (ii) the use of proceeds of the Loans or the use of any Letter of Credit or (iii) any claim, litigation, investigation or proceeding relating to any of the foregoing, or to the Collateral, whether or not
any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction
by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee. 
 (c) Subject to
the terms of the Collateral Agreements, any such amounts payable as provided hereunder shall be additional Guaranteed Obligations secured by the Collateral Agreements and the other Security Documents. The provisions of this Section 4.05 shall
remain operative and in full force and effect regardless of the termination of this Agreement or any other Loan Document, the consummation of the transactions contemplated hereby, the repayment of any of the Guaranteed Obligations, the invalidity or
unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent or any other Secured Party. Subject to the limitations set forth in Section 2.07, all
amounts due under this Section 4.05 shall be payable on written demand therefor, accompanied by reasonable documentation with respect to any reimbursement, indemnification or other amount requested. 
 SECTION 4.06. Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE CONSTRUED
IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK.  
 SECTION 4.07. Waivers; Amendment.
(a) No failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any right, power or remedy hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise
of any such right, power or remedy, or any abandonment or discontinuance of steps to enforce such a right, power or remedy, preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The rights, powers and
remedies of the Administrative Agent, any Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights, powers or remedies that they would otherwise have. No waiver of any provision of
this Agreement or consent to any departure by any Loan Party therefrom shall in any event be effective unless the same shall be permitted by paragraph 

  

 17 

 
(b) of this Section 4.07, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.
Without limiting the generality of the foregoing, the making of a Loan or the issuance of a Letter of Credit shall not be construed as a waiver of any Default or Event of Default, regardless of whether the Administrative Agent, any Lender or any
Issuing Bank may have had notice or knowledge of such Default or Event of Default at the time. No notice or demand on any Loan Party in any case shall entitle any Loan Party to any other or further notice or demand in similar or other circumstances.

 (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in
writing entered into by the Administrative Agent and the Loan Party or Loan Parties with respect to which such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 9.08 of the Credit
Agreement. 
 SECTION 4.08. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY
APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENTS. EACH PARTY HERETO (A) CERTIFIES THAT NO
REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES
HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 4.08. 
 SECTION 4.09. Severability. In the event any one or more of the provisions contained in this Agreement or in any other Loan Document should be held invalid, illegal or unenforceable in any respect, the validity,
legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable
provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 4.10. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which when taken together shall constitute but one
contract, and shall become effective as provided in Section 4.03 hereof. Delivery of an executed counterpart to this Agreement by facsimile transmission or other electronic means shall be as effective as delivery of a manually signed original.

 SECTION 4.11. Headings. Article and Section headings and the Table of Contents used herein are for convenience of
reference only, are not part of this 

  

 18 

 
Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 
 SECTION 4.12. Jurisdiction; Consent to Service of Process. (a) Each party to this Agreement hereby irrevocably and
unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or
proceeding arising out of or relating to this Agreement or any other Loan Documents (unless expressly set forth in other Loan Documents), or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and
unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment
in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent, any
Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Guarantor, or its properties, in the courts of any jurisdiction. 
 (b) Each party to this Agreement hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection
which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any New York State or federal court. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
 SECTION 4.13. Termination or Release. (a) This Agreement and the guarantees made herein shall terminate when all the Loan Document Obligations (other than contingent or unliquidated
obligations or liabilities not then due) have been paid in full in cash or immediately available funds, the Lenders have no further commitment to lend under the Credit Agreement and the Revolving L/C Exposure and Synthetic L/C Exposure have each
been reduced to zero (or cash-collateralized or supported by a back-to-back letters of credit in form and substance and from an issuing bank satisfactory to the Administrative Agent) and each Issuing Bank has no further obligations to issue Letters
of Credit under the Credit Agreement. 
 (b) A Subsidiary Loan Party shall automatically be released from its guarantee and its obligations
hereunder upon the consummation of any transaction permitted by the Credit Agreement as a result of which such Subsidiary Loan Party ceases to be a Subsidiary of Intermediate Holdings or otherwise ceases to be a Guarantor; provided that the
Required Lenders shall have consented to such transaction (to the extent such consent is required by the Credit Agreement) and the terms of such consent did not provide otherwise. 
  

 19 

 (c) In connection with any termination or release pursuant to paragraph (a) or (b) of this
Section 4.13, the Administrative Agent shall execute and deliver to any Guarantor, at such Guarantor’s expense, all documents that such Guarantor shall reasonably request to evidence such termination or release; provided, that the
Administrative Agent shall not be required to take any action under this Section 4.13(c) unless such Guarantor shall have delivered to the Administrative Agent together with such request, which may be incorporated into such request, a
certificate of a Responsible Officer certifying that the transaction giving rise to such termination or release is permitted by the Credit Agreement and was consummated in compliance with the Loan Documents. Any execution and delivery of documents
pursuant to this Section 4.13 shall be without recourse to or warranty by the Administrative Agent. 
 SECTION 4.14. Additional
Subsidiaries. Upon execution and delivery by the Administrative Agent and any Subsidiary that is required to become a party hereto by Section 5.10 of the Credit Agreement of an instrument in the form of Exhibit I
hereto (with such additions to such form as the Administrative Agent and Intermediate Holdings may reasonably agree in the case of any such Subsidiary) (a “Supplement”), such entity shall become a Subsidiary Loan Party
hereunder with the same force and effect as if originally named as a Subsidiary Loan Party herein. The execution and delivery of any such instrument shall not require the consent of any other party to this Agreement. The rights and obligations of
each party to this Agreement shall remain in full force and effect notwithstanding the addition of any new party to this Agreement. 
 SECTION 4.15. Parallel Debt. 
 (a) Subject to the limitations set forth in Section 2.07, each Guarantor hereby
irrevocably and unconditionally undertakes to pay to the Administrative Agent amounts equal to any amounts owing from time to time by that Guarantor hereunder or under any other Loan Document (whether as Borrower or Guarantor) as and when those
amounts are due. 
 (b) Each Guarantor and the Administrative Agent acknowledge that the obligations of each Guarantor under paragraph
(a) above are several and are separate and independent from, and shall not in any way limit or affect, the corresponding obligations of that Guarantor hereunder or under any other Loan Document, (its “Corresponding Debt”) nor
shall the amounts for which each Guarantor is liable under paragraph (a) above (its “Parallel Debt”) be limited or affected in any way by its Corresponding Debt provided that: 
 (i) the Parallel Debt of each Guarantor shall be decreased to the extent that its Corresponding Debt has been irrevocably paid or (in the
case of guarantee obligations) discharged; and 
 (ii) the Corresponding Debt of each Guarantor shall be decreased to the
extent that its Parallel Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; and 
  

 20 

 (iii) the amount of the Parallel Debt of a Guarantor shall at all times be equal to the
amount of its Corresponding Debt. 
 (c) For the purpose of this Section 4.15, the Administrative Agent acts in its own name and not as
a trustee, and its claims in respect of the Parallel Debt shall not be held on trust. The Lien granted under the Loan Documents to the Administrative Agent to secure the Parallel Debt is granted to the Administrative Agent in its capacity as
creditor of the Parallel Debt and shall not be held on trust. 
 (d) All moneys received or recovered by the Administrative Agent pursuant to
this Section 4.15 and all amounts received or recovered by the Administrative Agent from or by the enforcement of any Lien granted to secure the Parallel Debt, shall be applied in accordance with Section 8.11 of the Credit Agreement.

 (e) Without limiting or affecting the Administrative Agent’s rights against the Guarantors (whether under this Section 4.15 or
under any other provision of the Loan Documents), each Guarantor acknowledges that: 
 (i) nothing in this Section 4.15
shall impose any obligation on the Administrative Agent to advance any sum to any Guarantor or otherwise under any Loan Document, except in its capacity as a Lender; and 
 (ii) for the purpose of any vote taken under any Loan Document, the Administrative Agent shall not be regarded as having any participation
or commitment other than those which it has in its capacity as a Lender. 
 SECTION 4.16. Judgment Currency. (a) If, for
the purpose of obtaining or enforcing judgment against the Canadian Guarantor in any court in any jurisdiction, it becomes necessary to convert into any other currency (such other currency being hereinafter in this Section referred to as the
“Judgment Currency”) an amount due under this Agreement in any currency (the “Obligation Currency”) other than the Judgment Currency, the conversion shall be made at the rate of exchange prevailing on
the Business Day immediately preceding the date of actual payment of the amount due, in the case of any proceeding in the courts of the Province of Ontario or in the courts of any other jurisdiction that will give effect to such conversion being
made on such date, or the date on which the judgment is given, in the case of any proceeding in the courts of any other jurisdiction (the applicable date as of which such conversion is made pursuant to this Section being hereinafter referred to as
the “Judgment Conversion Date”). 
 (b) If, in the case of any proceeding in the court of any jurisdiction referred
to in Section (a) above, there is a change in the rate of exchange prevailing between the Judgment Conversion Date and the date of actual receipt for value of the amount due, the Canadian Guarantor shall pay such additional amount (if any, but
in any event not a lesser amount) as may be necessary to ensure that the amount actually received in the Judgment Currency, when converted at the rate of exchange prevailing on the date of payment, will produce the amount of the Obligation Currency
which could have been purchased with the amount of the Judgment Currency stipulated in the judgment or judicial order at the rate of 

  

 21 

 
exchange prevailing on the Judgment Conversion Date. Any amount due from the Canadian Guarantor under this Section shall be due as a separate debt and shall
not be affected by judgment being obtained for any other amounts due under or in respect of any of the Loan Documents. 
 [Signature Page
Follows] 
  

 22 

 IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement as of the day and year first
above written. 
  

					
	 MOMENTIVE PERFORMANCE
 MATERIALS HOLDINGS INC.,

		
	 by
	 	 /s/ Stan Parker

		 	Name:	 	Stan Parker
		 	Title:	 	President
	
	 MOMENTIVE PERFORMANCE
 MATERIALS
INC.,

		
	 by
	 	 /s/ Stan Parker

		 	Name:	 	Stan Parker
		 	Title:	 	President
	
	 MOMENTIVE PERFORMANCE
 MATERIALS USA INC.,

		
	 by
	 	 /s/ Stan Parker

		 	Name:	 	Stan Parker
		 	Title:	 	President
	
	 MOMENTIVE PERFORMANCE
 MATERIALS WORLDWIDE
INC.,

		
	 by
	 	 /s/ Stan Parker

		 	Name:	 	Stan Parker
		 	Title:	 	President
	
	 MOMENTIVE PERFORMANCE
 MATERIALS CHINA SPV
INC.,

		
	by	 	 /s/ Stan Parker

		 	Name:	 	Stan Parker
		 	Title:	 	President
	
	 MOMENTIVE PERFORMANCE
 MATERIALS SOUTH
AMERICA INC.,

		
	by	 	 /s/ Stan Parker

		 	Name:	 	Stan Parker
		 	Title:	 	President
	
	GE SILICONES, LLC,
		
	 by
	 	Momentive Performance Materials USA Inc., its sole member
		
		 	 /s/ Stan Parker

		 	Name:	 	Stan Parker
		 	Title:	 	President
	
	GE QUARTZ, INC.,
		
	 by
	 	 /s/ Joseph P. Reyes

		 	Name:	 	Joseph P. Reyes
		 	Title:	 	Chief Financial Officer
	
	BLITZ 06-103 GMBH,
		
	by	 	 /s/ Justin Stevens

		 	Name:	 	Justin Stevens
		 	Title:	 	Director
	
	NAUTILUS HOLDINGS CANADA ULC,
		
	by	 	 /s/ Justin Stevens

		 	Name:	 	Justin Stevens
		 	Title:	 	Director
	
	GENERAL ELECTRIC PLASTICS GMBH,
		
	by	 	 /s/ Justin Stevens

		 	Name:	 	Justin Stevens
		 	Title:	 	Director
	
	GE BAYER SILICONES GMBH & CO. KG,
		
	by	 	 /s/ Justin Stevens

		 	Name:	 	Justin Stevens
		 	Title:	 	Director

					
	GE QUARTZ EUROPE GMBH,
		
	 by
	 	 /s/ Justin Stevens

		 	Name:	 	Justin Stevens
		 	Title:	 	Director
	
	GE BAYER SILICONES HOLDING GMBH,
		
	 by
	 	 /s/ Justin Stevens

		 	Name:	 	Justin Stevens
		 	Title:	 	Director
	
	GE BAYER SILICONES VERWALTUNGS GMBH,
		
	 by
	 	 /s/ Justin Stevens

		 	Name:	 	Justin Stevens
		 	Title:	 	Director
	
	GE BAYER SILICONES (SUISSE) SARL,
		
	 by
	 	 /s/ Justin Stevens

		 	Name:	 	Justin Stevens
		 	Title:	 	Director
	
	MOMENTIVE PERFORMANCE MATERIALS JAPAN GK,
		
	 by
	 	 /s/ Justin Stevens

		 	Name:	 	Justin Stevens
		 	Title:	 	Director
	
	GE TOSHIBA SILICONES GK,
		
	 by
	 	 /s/ Justin Stevens

		 	Name:	 	Justin Stevens
		 	Title:	 	Director
	
	GE TOSHIBA SILICONES CO. LTD.,
		
	 by
	 	 /s/ Justin Stevens

		 	Name:	 	Justin Stevens
		 	Title:	 	Director
	
	 JPMORGAN CHASE BANK, N.A., as
 Administrative
Agent,

		
	by	 	 /s/ Marian N. Shulman

		 	Name:	 	Marian N. Shulman
		 	Title:	 	Managing Director

 Schedule I to the 
 Guarantee Agreement 
 SUBSIDIARY LOAN PARTIES 
 US GUARANTORS 
 MOMENTIVE PERFORMANCE MATERIALS WORLDWIDE INC. 
 GE QUARTZ, INC. 
 GE SILICONES LLC 
 MOMENTIVE PERFORMANCE MATERIALS CHINA SPV INC. 
 MOMENTIVE PERFORMANCE
MATERIALS SOUTH AMERICA INC. 
 CANADIAN GUARANTORS 
 NAUTILUS HOLDINGS CANADA ULC 
 GERMAN GUARANTORS 
 GENERAL ELECTRIC PLASTICS GMBH 
 GE BAYER SILICONES GMBH & CO. KG 
 GE QUARTZ EUROPE GMBH 
 GE BAYER SILICONES HOLDING GMBH 
 GE BAYER SILICONES VERWALTUNGS GMBH 
 SWISS GUARANTORS 
 GE BAYER SILICONES (SUISSE) SARL 
 JAPANESE GUARANTORS 
 MOMENTIVE PERFORMANCE MATERIALS JAPAN GK 
 GE TOSHIBA SILICONES CO. LTD. 

 Exhibit I to the 
 Guarantee Agreement 
 SUPPLEMENT NO. [•] (this “Supplement”)
dated as of [•], 20[•][•] to the Guarantee Agreement dated as of December 4, 2006 (the “Guarantee Agreement”), among MOMENTIVE PERFORMANCE MATERIALS HOLDINGS INC., a Delaware corporation
(“Holdings”), MOMENTIVE PERFORMANCE MATERIALS INC., a Delaware corporation (“Intermediate Holdings”), MOMENTIVE PERFORMANCE MATERIALS USA INC., a Delaware corporation (the “U.S.
Borrower”), BLITZ 06-103 GMBH, a company organized under the laws of Germany (the “German Borrower” and together with the U.S. Borrower, the “Borrowers”), each Subsidiary of
Intermediate Holdings identified therein as a party (each, a “Subsidiary Loan Party” and along with Holdings, Intermediate Holdings and the Borrowers, the “Guarantors”) and JPMORGAN CHASE BANK, N.A.,
as administrative agent and collateral agent (in such capacities, the “Administrative Agent”) for the Secured Parties (as defined therein). 
 A. Reference is made to the Credit Agreement dated as of December 4, 2006 (as amended, restated, supplemented, waived or otherwise modified from time to time, the “Credit Agreement”),
among Holdings, Intermediate Holdings, the Borrowers, the Lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent for the Lenders and the other parties thereto. 
 B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement or the Guarantee
Agreement referred to therein, as applicable. 
 C. The Guarantors have entered into the Guarantee Agreement in order to induce the Lenders
to make Loans and the Issuing Banks to issue Letters of Credit. Section 4.14 of the Guarantee Agreement provides that additional Subsidiaries of Intermediate Holdings may become Guarantors under the Guarantee Agreement by execution and delivery
of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Guarantor”) is executing this Supplement in accordance with the requirements of the Credit Agreement to become a Guarantor under the
Guarantee Agreement in order to induce the Lenders to make additional Loans and the Issuing Banks to issue additional Letters of Credit and as consideration for Loans previously made and Letters of Credit previously issued. 
 Accordingly, the Administrative Agent and the New Guarantor agree as follows: 
 SECTION 1. In accordance with Section 4.14 of the Guarantee Agreement, the New Guarantor by its signature below becomes a Guarantor under the 

 
Guarantee Agreement with the same force and effect as if originally named therein as a Guarantor and the New Guarantor hereby (a) agrees to all the
terms and provisions of the Guarantee Agreement applicable to it as a Guarantor thereunder and (b) represents and warrants that the representations and warranties made by it as a Guarantor thereunder are true and correct on and as of the date
hereof. Each reference to a “Guarantor” in the Guarantee Agreement shall be deemed to include the New Guarantor. The Guarantee Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New Guarantor represents and warrants to the Administrative Agent and the other Secured Parties that this Supplement has been duly
authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms. 
 SECTION 3. The New Guarantor is a [company] duly [incorporated] under the law of [name of relevant jurisdiction]. [If applicable:] The guarantee of the New Guarantor giving a guarantee other than
in respect of its Subsidiary is subject to the following limitations: 
 (a) If the New Guarantor is incorporated in [•] and is giving a
guarantee other than in respect of its Subsidiary, those limitations set out in paragraph [•] of Section 2.07 of the Guarantee Agreement shall also apply in relation to the New Guarantor; and 
 (b) [if the New Guarantor is incorporated in any other jurisdiction, is giving a guarantee other than in respect of its Subsidiary and limitations
other than those set out in Section 2.07 of the Guarantee Agreement are agreed in respect of the New Guarantor, insert guarantee limitation wording for relevant jurisdiction.] 
 SECTION 4. The New Guarantor confirms that no Default has occurred or would occur as a result of the New Guarantor becoming a Subsidiary Loan Party under
the Guarantee Agreement. 
 SECTION 5. This Supplement may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Supplement shall become effective when the Administrative Agent shall have received counterparts of this
Supplement that, when taken together, bear the signatures of the New Guarantor and the Administrative Agent. Delivery of an executed signature page to this Supplement by facsimile transmission shall be as effective as delivery of a manually signed
counterpart of this Supplement. 
 SECTION 6. Except as expressly supplemented hereby, the Guarantee Agreement shall remain in full force and
effect. 
 SECTION 7. THIS SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

  

 A-2 

 SECTION 8. In case any one or more of the provisions contained in this Supplement should be held invalid,
illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Guarantee Agreement shall not in any way be affected or impaired thereby (it being understood that the
invalidity of a particular provision in a particular jurisdiction shall not in and of itself affect the validity of such provision in any other jurisdiction). The parties hereto shall endeavor in good-faith negotiations to replace the invalid,
illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 9. All communications and notices hereunder shall (except as otherwise expressly permitted by the Guarantee Agreement) be in writing and given as
provided in Section 9.01 of the Credit Agreement. All communications and notices hereunder to the New Guarantor shall be given to it in care of Intermediate Holdings as provided in Section 9.01 of the Credit Agreement. 
 SECTION 10. The New Guarantor agrees to reimburse the Administrative Agent for its reasonable out-of-pocket expenses in connection with this Supplement,
including the fees, other charges and disbursements of counsel for the Administrative Agent. 
  

 A-3 

 IN WITNESS WHEREOF, the New Guarantor and the Administrative Agent have duly executed this Supplement to
the Guarantee Agreement as of the day and year first above written. 
  

			
	[NAME OF NEW GUARANTOR],
		
	by	 	  

	Name:	 	
	Title:	 	
	
	 JPMORGAN CHASE BANK, N.A.,
 as Administrative
Agent,

		
	by	 	  

	Name:	 	
	Title:	 	

  

			
	[WITNESS:	 	                                      
                      ]1
		 	  Name:
		
	[WITNESS:	 	                                      
                      ]2
		 	  Name:

	 1
	 If applicable. 

	 2
	 If applicable. 

  

 A-4Amended and Restated Securityholders Agreement

 Exhibit 10.3 
  

 AMENDED AND RESTATED 
 SECURITYHOLDERS AGREEMENT 
 by and among 
 MOMENTIVE PERFORMANCE MATERIALS HOLDINGS INC. 
 and the other HOLDERS that are parties hereto 
 DATED AS OF MARCH 5, 2007 
  

  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	Section 1.	  	Definitions	  	1
			
	Section 2.	  	Certain Dispositions	  	9
			
	Section 3.	  	Transfers; Additional Parties	  	12
			
	Section 4.	  	Demand Registration Rights	  	16
			
	Section 5.	  	Piggyback Registration Rights	  	17
			
	Section 6.	  	Repurchase Rights	  	23
			
	Section 7.	  	The Board	  	26
			
	Section 8.	  	Voting Agreement	  	28
			
	Section 9.	  	Non-Solicitation; Non-Competition; Transfers by the GE Holder to Competitors	  	28
			
	Section 10.	  	Other Covenants of the Company	  	30
			
	Section 11.	  	Notices	  	30
			
	Section 12.	  	Miscellaneous Provisions	  	32

  

 -i- 

 This AMENDED AND RESTATED SECURITYHOLDERS AGREEMENT dated as of March 5, 2007 (this
“Agreement”), by and among MOMENTIVE PERFORMANCE MATERIALS HOLDINGS INC., a Delaware corporation (the “Company”), and the HOLDERS that are parties hereto. 
 WHEREAS, the Company and certain of its securityholders are parties to a Securityholders Agreement, dated as of December 3, 2006 (the
“Original Agreement”) and such parties, together with other securityholders of the Company, desire to enter into this Agreement to amend and restate the Original Agreement. 
 WHEREAS, pursuant to that certain Stock and Asset Purchase Agreement, dated as of September 14, 2006, by and among General Electric Company,
a New York corporation (“GE”), and the Company (the “SAPA”), the Company acquired the Business from GE. 
 WHEREAS, in connection with the completion of the transactions contemplated by the SAPA, the Holders each own or will own an equity interest (and in certain cases, securities convertible into or exchangeable for equity interests) in
the Company at the Closing and may, from time to time thereafter, acquire additional equity interests (and in certain cases, securities convertible into or exchangeable for equity interests) in the Company. 
 WHEREAS, the shares of Common Stock issued to GE at the completion of the transactions contemplated by the SAPA (and subsequently transferred to
the GE Holder) initially represented 10% of the outstanding Common Stock of the Company. 
 WHEREAS, each Holder deems it to be in the
best interest of the Company and the Holders that provision be made for the continuity and stability of the business and policies of the Company, and, to that end, the Company and the Holders hereby set forth herein their agreement with respect to
the Common Stock, Options and Warrants owned or to be acquired by them. 
 NOW, THEREFORE, in consideration of the premises and
of the mutual consents and obligations hereinafter set forth, the parties hereto hereby agree as follows: 
 Section 1.
Definitions. All capitalized terms used in this Agreement but not defined herein shall have the meanings ascribed to such terms in the SAPA. 
 As used in this Agreement: 
 “Affiliate” means: 
 (a) In the case of a Person (other than an individual), another Person that directly, or indirectly through one or more intermediaries, controls, or is
controlled by, or is under common control with such Person. For the avoidance of doubt, any co-investment vehicle controlled by any member of the Apollo Group shall be deemed to be an Affiliate of the Apollo Group hereunder. 
 (b) In the case of an individual, (i) any member of the immediate family of such individual, including parents, siblings, spouse and children
(including those by adoption) 

 
and any other Person who lives in such individual’s household; the parents, siblings, spouse, or children (including those by adoption) of such
immediate family member, and in any such case any trust whose primary beneficiary is such individual or one or more members of such immediate family and/or such individual’s lineal descendants; (ii) the legal representative or guardian of
such individual or of any such immediate family member in the event such individual or any such immediate family member becomes mentally incompetent; and (iii) any Person controlling, controlled by or under common control with such individual.

 As used in this definition, the term “control,” including the correlative terms “controlling,” “controlled
by” and “under common control with,” means possession, directly or indirectly, of the power to direct or cause the direction of management or policies (whether through ownership of securities or any partnership or other ownership
interest, by contract or otherwise) of a Person. The term “Affiliate” shall not include at any time any portfolio companies of Apollo Management VI, L.P. or its Affiliates, other than the Company and its Subsidiaries. 
 “Aggregate Tag-Along Shares” has the meaning given to such term in Section 2(a)(iii). 
 “Apollo VCOC Holder” shall mean Apollo Investment Fund VI, L.P. 
 “Apollo Group” means (a) AP Momentive Holdings LLC, (b) Apollo Investment Fund VI, L.P., and each of their respective
Affiliates. 
 “Apollo Registration Request” has the meaning given to such term in Section 4(a). 
 “Applicable Preemptive Shares” has the meaning given to such term in Section 9(a). 
 “Articles” has the meaning given to such term in Section 7(a). 
 “Asset Sale” means any sale of assets of the Company, including the sale of all or substantially all of the assets of the Company, on a
consolidated basis, to a Person or Group that is not included in the Apollo Group. 
 “Bankruptcy Event” means with respect
to any Management Holder (i) such holder shall voluntarily be adjudicated as bankrupt or insolvent; (ii) such Holder shall consent to or not contest the appointment of a receiver or trustee for himself, herself or itself or for all or any
part of his, her or its property; (iii) such Holder shall voluntarily file a petition seeking relief under the bankruptcy, rearrangement, reorganization or other debtor relief laws of the United States or any state or any other competent
jurisdiction (including foreign jurisdictions); (iv) such Holder shall make a general assignment for the benefit of his, her or its creditors; (v) a judgment shall have been made against such Management Holder in response to relief under
the bankruptcy, rearrangement, reorganization or other debtor relief laws of the United States or any state or other competent jurisdiction (including foreign jurisdictions); or (vi) a court of competent jurisdiction shall have entered a
petition, order, judgment or decree appointing a receiver or trustee for such Management Holder, or for any part of his, her or its property, and 

  

 -2- 

 
such petition, order, judgment or decree shall not be and remain discharged or stayed within a period of sixty (60) days after its entry. 
 “Board” means the Board of Directors of the Company and any duly authorized committee thereof. All determinations by the Board required
pursuant to the terms of this Agreement to be made by the Board shall be binding and conclusive, so long as they are made in good faith. 
 “By-Laws” has the meaning given to such term in Section 7(a). 
 “Cause” means, with
respect to the termination of employment of any Management Holder by the Company or any of its Subsidiaries: (i) if such Management Holder is at the time of termination a party to an Award Agreement (as defined in the Company’s 2006 Long
Term Incentive Plan) under the Company’s 2006 Long Term Incentive Plan, the meaning given to such term therein; (ii) otherwise, if such Management Holder is at the time of termination a party to an employment, consulting or similar
agreement with the Company or any of its Subsidiaries which defines such term, the meaning given to such term therein; and (iii) in all other cases, the termination by the Company or any of its Subsidiaries of a Management Holder’s
employment based on such Management Holder’s (a) commission of a felony or a crime of moral turpitude; (b) commission of a willful and material act of dishonesty involving the Company or any of its Subsidiaries; (c) breach of the
Company’s policies or procedures or those of its Subsidiaries that causes material harm to the Company or any of its Subsidiaries or its business reputation; (d) willful misconduct which causes material harm to the Company or any of its
Subsidiaries or its business reputation; or (e) failure to cure a material breach of his obligations under any agreement entered into between the Management Holder and the Company or any of its Subsidiaries or Affiliates within 30 days after
written notice of such breach. 
 “Common Stock” means the common stock of the Company, par value $.01 per share. As used in
this Agreement, Common Stock shall include any shares of restricted stock or any restricted stock units granted to any Holders that may be settled in shares of Common Stock. 
 “Company” has the meaning ascribed to such term in the introductory paragraph hereof. 
 “Competitor” means any Person who is a substantial competitor of the Company in any business in which the Company or any of its
Subsidiaries is principally engaged from time to time, in any locale in which the Company or any of its Subsidiaries conducts, in a material respect, such business from time to time, provided, however, that if a member of the Apollo Group has
previously sold shares of Common Stock to a Competitor, such Competitor shall no longer be deemed a Competitor; and provided further that no entity that is an Affiliate of GE that is in existence on the date hereof shall be deemed a
Competitor; and provided further that no Affiliate of GE that comes into existence after the date hereof shall be deemed a Competitor unless the activities of that entity would violate Section 5.14 of the SAPA without regard to the time
limitations set forth therein. All provisions in this Agreement that are related to sales to Competitors are subject to the terms of this definition. 
  

 -3- 

 “Control Disposition” means a Disposition that would have the effect of transferring to
a Person or Group that is not an Affiliate of the Apollo Group or a portfolio company of any members of the Apollo Group, a number of shares of Common Stock such that, following the consummation of such Disposition, such Person or Group possesses
the voting power to elect a majority of the Board (whether by merger, consolidation or sale or transfer of Common Stock) or the board of directors (or similar body) of any successor entity. 
 “Deemed Held Shares” has the meaning given to such term in Section 2(a)(ii). 
 “Demand Notice” has the meaning ascribed thereto in Section 4(a). 
 “Disability” means, with respect to each Management Holder, unless otherwise defined in such Management Holder’s Award Agreement
under the Company’s 2006 Long Term Incentive Plan, that the Management Holder (a) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result
in death or can be expected to last for a continuous period of not less than twelve (12) months, or (b) is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected
to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident, disability or health plan covering employees of the Company.

 “Disposition” means any direct or indirect transfer, assignment, sale, gift, pledge, hypothecation or other encumbrance,
or any other disposition, of Common Stock (or any interest therein or right thereto) or of all or part of the voting power (other than the granting of a revocable proxy) associated with the Common Stock (or any interest therein) whatsoever, or any
other transfer of beneficial ownership of Common Stock whether voluntary or involuntary, including, without limitation (a) as a part of any liquidation of the GE Holder or a Management Holder’s assets or (b) as a part of any
reorganization of the GE Holder or a Management Holder pursuant to the United States, state, foreign or other bankruptcy law or other similar debtor relief laws. 
 “Drag-Along Option” has the meaning ascribed to such term in Section 2(b). 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder. 
 “Fair Market Value” means, with respect to each share of Common Stock or other capital stock held by any GE Holder or Management Holder: 
 (a) With respect to any series or class of capital stock, the per share fair market value as reasonably determined in good faith by the Board in such
manner as it deems appropriate. 
 (b) Notwithstanding anything to the contrary contained in clause (a) above, if any securities of the
Company are publicly traded or quoted at the time of determination, then the per share fair market value of such securities shall be the most recent closing trading price, 

  

 -4- 

 
during regular trading hours, of such securities on the business day immediately prior to the date of determination as determined by the Board in good faith.

 (c) Neither the Company nor any officer, director, employee or agent of the Company shall have any liability with respect to the valuation
of such securities that are bought or sold at Fair Market Value determined in accordance with clause (a) as a result of the Fair Market Value, as so determined, being more or less than actual fair market value. Each of the Company and its
officers, directors, employees and agents shall be fully protected in relying in good faith upon the records of the Company and upon information, opinions, reports or statements presented to the Company by any Person as to matters which the Company
or such officer, director, employee or agent reasonably believes are within such other Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company in determining such Fair Market
Value. 
 (d) In the case of a Call Right provided pursuant to this agreement, Fair Market Value will be determined as of the date of
exercise of the Call Right, as applicable, except (i) where provided otherwise in this agreement or (ii) if necessary to avoid liability accounting, Fair Market Value will be determined as of the date of the repurchase made pursuant to
exercise of the Call Right. 
 “GE Designee” has the meaning ascribed to such term in Section7(a). 
 “GE Holder” means GE Capital Equity Investments, Inc., an indirect wholly owned subsidiary of GE. 
 “GE Registration Request” has the meaning ascribed to such term in Section 4(b). 
 “GE Representative” has the meaning set forth in Section 7(b). 
 “Good Reason” means with respect to the voluntary resignation of any Management Holder: (i) if the Management Holder is at the time
of resignation a party to an Award Agreement pursuant to the Company’s 2006 Long-Term Incentive Plan which defines such term, the meaning given in the Award Agreement; and (ii) otherwise, if the Management Holder is at the time of
resignation a party to an employment, consulting or similar agreement with the Company or any of its Subsidiaries which defines such term, the meaning given in such agreement. 
 “Group” shall have the meaning ascribed thereto in Section 13(d)(3) of the Exchange Act. 
 “Holders” mean the holders of securities of the Company who are parties to this Agreement. 
 “Immediate Family” means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, sibling, mother-in-law,
father-in-law, son-in-law, daughter-in-law, brother-in-law or sister-in-law, and shall include adoptive relationships of such Person. 
  

 -5- 

 “Indebtedness” means, with respect to any Person and without duplication, (a) all
indebtedness of such Person for borrowed money, whether current or funded, or secured or unsecured, (b) all indebtedness of such Person for the deferred purchase price of property or services represented by a note, bond, debenture or similar
instrument and any other obligation or liability represented by a note, bond, debenture or similar instrument, (c) all indebtedness of such Person created or arising under any conditional sale or other title retention agreement with respect to
property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale of such property), (d) all indebtedness of such Person secured by a
purchase money mortgage or other lien to secure all or part of the purchase price of the property subject to such mortgage or lien, (e) all obligations of such Person to pay rent or other amounts under any lease of (or other arrangement
conveying the right to use) real or personal property, or a combination thereof, which obligations would be required to be classified and accounted for as capital leases on a balance sheet of such Person under generally accepted accounting
principles in the United States of America (“GAAP”) and, for the purposes of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP,
(f) all unpaid reimbursement obligations of such Person with respect to letters of credit, bankers’ acceptances or similar facilities issued for the account of such Person, (g) all obligations of such Person under any forward
contract, futures contract, swap, option or other financing agreement or arrangement (including caps, floors, collars and similar agreements), the value of which is dependent upon interest rates, currency exchange rates, commodities or other
indices, (h) all interest, fees and other expenses owed with respect to the indebtedness referred to above (and any prepayment penalties or fees or similar breakage costs or other fees and costs required to be paid in order for such
Indebtedness to be satisfied and discharged in full), and (i) all indebtedness referred to above which is directly or indirectly guaranteed by such Person or which such Person has agreed (contingently or otherwise) to purchase or otherwise
acquire or in respect of which it has otherwise assured a creditor against loss. 
 “Initial Notice” has the meaning
ascribed to such term in Section 5(a). 
 “IRA” has the meaning ascribed to such term in
Section 3(c)(iii). 
 “Management Holder” means Holders who are employed by, or serve as consultants to or
directors of, the Company or any of its Subsidiaries. 
 “Maximum Number” has the meaning ascribed to such term in
Section 2(a)(iii). 
 “Offer” has the meaning ascribed to such term in Section 3(b). 
 “Offeror” has the meaning ascribed to such term in Section 3(b). 
 “Options” means the options issued to certain Holders pursuant to the Company’s 2006 Long Term Incentive Plan, as it is amended,
supplemented, restated or otherwise modified from time to time, or any other options to purchase Common Stock issued by the Company. 
 “Original Cost” with respect to a share of Common Stock, means the original price paid by the Holder for such share of Common Stock, subject to appropriate adjustment for stock splits, stock dividends or other
distributions, combinations and similar transactions. 
  

 -6- 

 “Original Shares” means, with respect to a Person, the shares of Common Stock owned by
such Person immediately following the Closing. 
 “Other Holders” means the Management Holders, the GE Holder and any other
Holder (other than the Apollo Group) that the Company deems to be an “Other Holder,” “Management Holder” or “GE Holder” in the Adoption Agreement that such Holder executes upon becoming a party to this Agreement.

 “Person” shall be construed broadly and shall include, without limitation, an individual, a partnership, a limited
liability company, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization and a governmental entity or any department, agency or political subdivision thereof. 
 “Piggyback Registration Rights” has the meaning ascribed to such term in Section 5(a). 
 “Proportionate Percentage” means, with respect to any Holder at the time of any Tag-Along Transaction, a fraction (expressed as a
percentage) the numerator of which is the total number of shares of Common Stock held by such Holder as of such time (including any shares of Common Stock that such Holder intends to acquire pursuant to any Option or Warrant to be exercised in
connection with the Tag-Along Transaction and any shares of Common Stock distributed to such Holder pursuant to any deferred compensation plan in connection with the Tag-Along Transaction) and the denominator of which is the total number of shares
of Common Stock outstanding at the time of determination (including any shares of Common Stock that any securityholder of the Company intends to purchase or acquire pursuant to any Option, Warrant or other convertible or exercisable security in
connection with the Tag-Along Transaction and any shares of Common Stock distributable to any securityholder of the Company pursuant to any deferred compensation plan in connection with the Tag-Along Transaction). 
 “Proxy” has the meaning ascribed to such term in Section 7(a). 
 “Qualified Public Offering” means an underwritten public offering of Common Stock by the Company or any selling securityholders pursuant
to an effective Registration Statement filed by the Company with the Securities and Exchange Commission (other than (i) a registration relating solely to an employee benefit plan or employee stock plan, a dividend reinvestment plan, or a merger
or a consolidation, (ii) a registration incidental to an issuance of securities under Rule 144A, (iii) a registration on Form S-4 or any successor form, or (iv) a registration on Form S-8 or any successor form) under the Securities
Act, pursuant to which the aggregate offering price of the Common Stock (by the Company and/or other selling securityholders) sold in such offering (together with the aggregate offering prices from any prior such offerings) is at least $250,000,000.

 “Registrable Securities” shall mean shares of Common Stock held by the Apollo Group, GE Holder or Management Holders;
provided, that any Registrable Securities shall cease to be Registrable Securities when (a) a Registration Statement with respect to the sale of such Registrable Securities has been declared effective under the Securities Act and such
Registrable Securities have been disposed of in accordance with the plan of distribution set forth in such 

  

 -7- 

 
Registration Statement, (b) such Registrable Securities are distributed pursuant to Rule 144 (or any similar provision then in force) under the
Securities Act or (c) such Registrable Securities shall have been otherwise transferred and new certificates for them not bearing a legend restricting further transfer under the Securities Act shall have been delivered by the Company; and
provided, further, that any securities that have ceased to be Registrable Securities shall not thereafter become Registrable Securities and any security that is issued or distributed in respect of securities that have ceased to be
Registrable Securities is not a Registrable Security. 
 “Registration Request” has the meaning ascribed to such term in
Section 4(c). 
 “Registration Statement” means a registration statement filed by the Company with the U.S.
Securities and Exchange Commission. 
 “Repurchase Event” has the meaning ascribed to such term in
Section 6(a)(iv). 
 “Sale Notice” has the meaning ascribed to such term in Section 2(a).

 “SAPA” has the meaning ascribed to such term in the recitals to this Agreement. 
 “Securities” means, with respect to any Person, such Person’s “securities” as defined in Section 2(1) of the
Securities Act and includes such Person’s capital stock or other equity interests or any options, warrants or other securities that are directly or indirectly convertible into, or exercisable or exchangeable for, such Person’s capital
stock or other equity or equity-linked interests, including phantom stock and stock appreciation rights. 
 “Senior Management
Holder” shall mean each of the Management Holders listed on Schedule 1 hereto, which Schedule shall be updated from time to time to reflect additional Senior Management Holders with the consent of the Company, the Apollo Group and such
Holder. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated
thereunder. 
 “Subsidiary” shall have the meaning ascribed thereto in the SAPA. 
 “Subject Employee” has the meaning ascribed to such term in Section 3(c)(iii). 
 “Tag-Along Holder” has the meaning ascribed to such term in Section 2(a). 
 “Tag-Along Notice” has the meaning ascribed to such term in Section 2(a). 
 “Tag-Along Transaction” has the meaning ascribed to such term in Section 2(a). 
 “Underwritten Offering” means a sale of shares of Common Stock to an underwriter for reoffering to the public. 
 “Warrants” means the Warrants to acquire Common Stock acquired by GE (and subsequently transferred to the GE Holder) at the Closing
pursuant to the terms of the SAPA. 
  

 -8- 

 Section 2. Certain Dispositions. 
 (a) Tag-Along Transaction. 
 (i) Subject to the provisions of Section 2(b), prior to the consummation of a Qualified Public Offering, if the Apollo Group desires to effect any sale or transfer of shares of Common Stock (other than (x) one or more sales
or transfers of shares of Common Stock made within six (6) months following the date hereof of up to 25%, in the aggregate, of the Apollo Group’s Original Shares, to third party co-investors in which the Apollo Group will remain the
controlling person with respect to such shares of Common Stock, or (y) any sales to an employee, consultant or director of the Company or any of its Subsidiaries in connection with the hiring of such person) to any third party other than an
Affiliate of the Apollo Group, in one or a series of related transactions that represents at least 5% of its Original Shares (a “Tag-Along Transaction”), it shall give written notice to the Other Holders, offering them the option to
participate in such Tag-Along Transaction (a “Sale Notice”). The Sale Notice shall set forth the material terms (including without limitation, the number of shares of Common Stock proposed to be sold, the price per share and the
form of consideration if other than cash for which a sale is proposed to be made) of the proposed Tag-Along Transaction and identify the contemplated transferee and the Proportionate Percentage of each Other Holder. 
 (ii) Each of the Other Holders may, by written notice to the Company and the Apollo Group (a “Tag-Along Notice”)
delivered within 15 (15) days after the date of the Sale Notice (each such Other Holder delivering such timely notice being a (“Tag-Along Holder”), elect to sell in such Tag-Along Transaction shares of Common Stock held by such
Other Holder, provided that the number of shares of Common Stock to be sold by such Other Holder will not exceed such Other Holder’s Proportionate Percentage (as calculated pursuant to subsection (iii) below) of the total number of
shares of Common Stock that the Apollo Group proposes to sell or transfer in the applicable Tag-Along Transaction. The shares of Common Stock to be sold by a Tag-Along Holder in a Tag-Along Transaction may include shares of Common Stock (x) to
be distributed to such Tag-Along Holder in connection with such Tag-Along Transaction from any deferred compensation plan or (y) which such Tag-Along Holder may obtain by exercising any Options or Warrants held by such Tag-Along Holder that are
vested as of the date of such Tag-Along Notice or that would vest in connection with such Tag-Along Transaction (collectively, the “Deemed Held Shares”). For purposes of Section 2(b) below, “Deemed Held Shares” shall
have a correlative meaning. 
 (iii) If none of the Other Holders delivers a timely Tag-Along Notice, then the Apollo Group
may thereafter consummate the Tag-Along Transaction, on substantially the same terms and conditions as are described in the Sale Notice (but as to price, the terms shall be exactly the same or less favorable to the Apollo Group), for a period of one
hundred twenty (120) days thereafter (subject to extension in the event of required regulatory approvals not having been obtained by such date but in no event later than two hundred and seventy (270) days after receipt of the Tag-Along
Notice). In the event the Apollo Group has not consummated the Tag-Along Transaction within such 

  

 -9- 

 
one hundred twenty (120) day period (subject to extension as provided above), the Apollo Group shall not thereafter consummate a Tag-Along Transaction,
without first providing another Sale Notice and another opportunity to the Other Holders to sell in the manner provided above. If one or more of the Other Holders gives the Apollo Group a timely Tag-Along Notice, then the Apollo Group shall use
reasonable efforts to cause the prospective transferee or Group to agree to acquire all shares of Common Stock identified in all timely Tag-Along Notices, upon the same terms and conditions as are applicable to the shares of Common Stock held by the
Apollo Group. If such prospective transferee is unable or unwilling to acquire all shares of Common Stock proposed to be included in the Tag-Along Transaction upon such terms, then the Apollo Group may elect either to cancel such Tag-Along
Transaction or to allocate the maximum number of shares of Common Stock that such prospective transferee is willing to purchase (the “Maximum Number”) among the Apollo Group and the Tag-Along Holders in the proportion that each such
Tag-Along Holder’s and the Apollo Group’s Proportionate Percentage bears to the total Proportionate Percentages of the Apollo Group and the Tag-Along Holders (e.g., if the Sale Notice contemplates a sale by the Apollo Group of 25% of the
number of shares of Common Stock outstanding and if the Maximum Number is 25% of the number of shares of Common Stock outstanding, and if the Apollo Group at such time owns a 30% Proportionate Percentage and one Tag-Along Holder who owns a 20%
Proportionate Percentage elects to participate with respect to all of its shares of Common Stock, then the Apollo Group would be entitled to sell a number of shares of Common Stock equal to 15% (30%/50% multiplied by the Maximum Number) and the
Tag-Along Holder would be entitled to sell a number of shares of Common Stock equal to 10% (20%/50% multiplied by the Maximum Number). If, in the event of an allocation pursuant to the previous sentence, the number of shares sold by the Tag-Along
Holders in the aggregate (the “Aggregate Tag-Along Shares”) is less than the aggregate amount allocated to the Tag-Along Holders pursuant to the previous sentence (because one or more of such Tag-Along Holders elected in its
Tag-Along Notice to sell less than its full Proportionate Percentage), then the Apollo Group and any Tag-Along Holder who so wishes shall have the option to sell in the Tag-Along Transaction its pro rata share of the unallocated balance. In
connection with the Tag-Along Transaction, each Tag-Along Holder shall take the actions referred to in the second sentence of Section 2(b)(ii) (as such actions would relate to a Tag-Along Transaction). 
 (b) Drag-Along Option. 
 (i) If the Apollo Group desires to effect a sale or transfer of 20% or more of its Original Shares prior to the consummation of a Qualified Public Offering (other than in a transaction described in Section 2(a)(i)(x) hereof), then in
lieu of complying with the requirements of Section 2(a), the Apollo Group at its option may require all Other Holders to sell the same percentage of their shares of Common Stock (including their Deemed Held Shares) as the Apollo Group desires
to sell to the transferee selected by the Apollo Group in a bona-fide arms-length transaction, at the same price per share and on the same terms and conditions as apply to those shares of Common Stock sold by the Apollo Group (the
“Drag-Along Option”); provided, however, that the Other Holders shall not be obligated to make any out-of-pocket expenditures prior to the consummation of the sale or transfer (excluding modest expenditures for
postage, copies 

  

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and other similar expenses). The foregoing right shall not limit the rights that the GE Holder may have under Delaware law as a stockholder in the Company,
nor any other rights GE or its Affiliates may otherwise have, including as a limited partner in any affiliate of the Apollo Group, nor shall it limit any of the fiduciary duties of the Board. 
 (ii) The Apollo Group shall provide written notice of an exercise of the Drag-Along Option to the Other Holders (a “Drag-Along
Sale Notice”), for the proposed transaction (the “Drag-Along Sale”). The Drag-Along Sale Notice shall identify the transferee and the consideration for which a Transfer is proposed to be made (the “Drag-Along Sale
Price”) and all other material terms and conditions of the Drag-Along Sale. 
 (iii) The Apollo Group shall have a
period of one hundred twenty (120) days from the date of receipt of the Drag-Along Sale Notice to consummate the Drag-Along Sale on substantially the same terms and conditions set forth in such Drag-Along Sale Notice; provided, that if such
Drag-Along Sale is subject to regulatory approval, such 120-day period shall be extended until the expiration of five Business Days after all such approvals have been received, but in no event later than two hundred and seventy (270) days after
the date of receipt of the Drag-Along Sale Notice. 
 (iv) Each Holder shall consent to and raise no objections against the
Drag-Along Option, and if the Drag-Along Option is structured as (A) a merger or consolidation of the Company or an Asset Sale, each Holder shall waive any dissenters rights, appraisal rights or similar rights such Holder may have in connection
with such merger, consolidation or Asset Sale, or (B) a sale of all the capital stock of the Company, the Holders shall agree to sell all their shares of Common Stock that are the subject of the Drag-Along Option (including their Deemed Held
Shares). The Holders shall take all necessary and desirable actions reasonably requested by the Apollo Group in connection with the consummation of the Drag-Along Option, including obtaining Board consent to the Drag-Along Option (subject to
applicable fiduciary duties) and the execution of such agreements and such instruments and the taking of such other actions as are reasonably necessary to provide customary representations, warranties, and indemnities as are customarily provided in
a sale transaction (provided that (i) the proportionate liability of a Holder under any such indemnity shall not exceed the proportion that the shares being sold by such Holder in the Drag-Along transaction bears to the total number of shares
being sold by all Holders in such transaction, except with respect to any indemnity that applies solely with respect to such Holder, such as an indemnity with respect to the title to such Holder’s shares, (ii) each Holder’s obligation
to indemnify shall be several and not joint, and (iii) no Holder shall be required to incur liability under such indemnity in excess of the proceeds received by such Holder in such sale), as well as escrow arrangements relating to such
Drag-Along Option. It is agreed and understood that the Apollo Group may exercise more than one Drag-Along Option. 
 (v) The
Company and each Holder shall cooperate in causing any Deemed Held Shares of such Holder that are ultimately included in a Drag-Along Option to be delivered to such Holder immediately prior to the closing of such Drag-Along Option in order that such
Holder may exercise his rights under Section 2(a) or that the Apollo Group may exercise its rights under Section 2(b), as the case may be. 
  

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 (vi) No less than five (5) business days prior to the anticipated closing date, or
at such later time as may be requested by Apollo, in connection with the sale of any shares of Common Stock (including any Deemed Held Shares) pursuant to Section 2(a) or this Section 2(b), the Holders shall deliver to Apollo
or the Company, as requested, against payment of the purchase price therefor, certificates representing their shares of Common Stock to be sold, duly endorsed for transfer or accompanied by duly endorsed stock powers, and evidence of the absence of
liens, encumbrances and adverse claims with respect thereto and of such other matters as are deemed necessary by the Company for the proper transfer of such shares on the books of the Company. 
 Section 3. Transfers; Additional Parties. 
 (a) Restrictions; Permitted Dispositions. Without the consent of the Company, no Other Holder shall make any Disposition, directly or indirectly, through an Affiliate or otherwise except as expressly permitted
by this Section 3. The preceding sentence shall apply with respect to all shares of Common Stock held at any time by an Other Holder (including without limitation, all Options and all shares of Common Stock that may be acquired upon the
exercise of any Option or upon a distribution pursuant to any deferred compensation plan), regardless of the manner in which such Holder initially acquired such shares of Common Stock or Option; provided, however, that the Disposition of Warrants
and Warrant Shares shall be solely governed by the terms of the Warrants. The following Dispositions shall not be prohibited by this Agreement (subject to Section 3(c) and Section 3(e)): 
 (i) any Disposition after a Qualified Public Offering (other than a Disposition by the GE Holder to a Competitor in a negotiated private
transaction (i.e., not an Excluded Sale)); 
 (ii) Dispositions by a Holder that is an individual to: (A) a
guardian of the estate of such Holder; (B) an inter-vivos trust primarily for the benefit of such Holder; (C) an inter-vivos trust whose primary beneficiary is one or more of such Holder’s lineal descendants (including lineal
descendants by adoption); (D) the spouse of such Holder during marriage and not incident to divorce; or (E) one or more of such Holder’s Affiliates; 
 (iii) Dispositions to a Holder that is an individual by: (A) a guardian of the estate of such Holder; (B) an inter-vivos trust
whose primary beneficiary is such Holder or one or more of such Holder’s lineal descendants (including lineal descendants by adoption); (C) the spouse of such Holder during marriage and not incident to divorce; or (D) such
Holder’s lineal descendants; 
 (iv) Dispositions by a Holder that is an individual to a trust established for the
exclusive benefit of such Holder’s Immediate Family; 
 (v) any Disposition permitted pursuant to
Section 2(a), Section 4 or Section 5 or required pursuant to Section 2(b); 
 (vi) Dispositions by the GE Holder to one or more controlled Affiliates of GE (provided that such transferee shall covenant to the Company and the Apollo 

  

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Group to transfer any such securities back to GE if at any time when a disposition to such transferee would be prohibited but for this clause (vi) such
transferee ceases to be a controlled Affiliate of GE). In addition, the GE Holder covenants and agrees to transfer all shares of Common Stock (other than Warrants or Warrant Shares which shall be governed by the terms of the Warrants) owned
beneficially or of record by the GE Holder back to GE if the GE Holder ceases to be a controlled Affiliate of GE; and 
 (vii)
any Disposition after the Apollo Group has disposed of more than 90% of its Original Shares; provided, however, that the GE Holder may not make a Disposition to a Competitor other than pursuant to an Excluded Sale, 
 provided, in the case of each subclause of this Section 3(a), that such Disposition complies with the applicable securities rules and
regulations in effect at the time of the Disposition. 
 (b) Certain Dispositions by Management Holders. Notwithstanding anything to
the contrary contained in clause (a) above, in the event of any transaction by a Management Holder involving a change of ownership interest or voting power of such Holder not specifically prohibited by this Section or otherwise authorized by
clauses (i) through (vii) of Section 3(a), such transaction shall be deemed a Disposition by such Holder and an irrevocable “Offer”. Such Management Holder (“Offeror”) shall promptly notify the Company of
such event and offer (the “Offer”), by written notice to the Company, to sell all securities subject to the Offer to the Company (and, if the Company declines the Offer, to the Apollo Group) for Fair Market Value. Offers under this
Section 3(b) shall (i) be in writing; (ii) be irrevocable for so long as the Company or the Apollo Group has the right to purchase any securities subject to the Offer; (iii) be sent by the Offeror to the Company; and
(iv) contain a description of the proposed transaction and change of ownership interest or voting power. The Company shall, within five (5) business days from receipt thereof (or, if no such written notice is delivered to the Company by
the Management Holder, within five (5) business days from the Company’s receipt of evidence, satisfactory to it, of such a Disposition by the Offeror), deliver written notice of the Offer to the Apollo Group stating that all Common Stock
and other securities of the Company registered in the name of such Management Holder are securities subject to an Offer pursuant to this Section 3(b). The date of such Offer shall be deemed to be the date such written notice of the Offer
is so delivered by the Company. 
 (c) Additional Parties. 
 (i) As a condition to the Company’s issuance of shares of Common Stock in any transaction other than a Public Offering, or the
Company’s obligation to effect a transfer of shares of Common Stock permitted by this Agreement on the books and records of the Company in a negotiated private transaction (other than Excluded Sales) (other than an issuance or a transfer to the
Apollo Group or of any of the Apollo Group’s Affiliates, the Company or any Subsidiary of the Company), the transferee shall (and the recipient, if requested to by the Company, shall) be required to become a party to this Agreement by executing
(together with such Person’s spouse, if applicable) an Adoption Agreement in substantially the form of Exhibit A or in such other form that is reasonably satisfactory to the Company. 
  

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 (ii) In the event that any Person acquires shares of Common Stock in a negotiated private
transaction (i.e., excluding sales pursuant to a Public Offering or sales made pursuant to Rule 144 of the Securities Act that the seller has no reason to believe will (and where such seller has instructed that any broker or intermediary not
cause sales that would to such broker’s or intermediary’s knowledge) result in the purchaser (together with its Affiliates) owning 5% or more of the outstanding Common Stock (“Excluded Sales”)) from: (i) an Other
Holder or the GE Holder or any Affiliate or member of such Holder’s Group or (ii) any direct or indirect transferee of such Holder or such Holder’s Group; such Person shall be subject to any and all obligations and restrictions of
such Other Holder hereunder (other than, at the option of the Company, the provisions of Section 9), as if such Person were such Holder named herein (except as otherwise provided in the Adoption Agreement executed by such Person and accepted by
the Company). Additionally, if the restrictions specified in Section 3(d) are in effect, whenever a Management Holder or the GE Holder makes a transfer of shares of Common Stock in a negotiated private transaction (i.e., other than an
Excluded Sale), such shares of Common Stock shall contain a legend so as to inform any transferee that such shares of Common Stock were held originally by a Management Holder or GE and, in the case of shares originally held by a Management Holder,
are subject to repurchase pursuant to Section 6 below based on the employment of or events relating to such Management Holder. Such legend shall not be placed on any shares of Common Stock acquired from a Management Holder or the GE Holder by
the Company, the Apollo Group or any of its Affiliates. 
 (iii) If any shares of Common Stock are acquired by an individual
retirement account (“IRA”) on behalf of an employee of the Company or any of its Subsidiaries (the “Subject Employee”), such IRA shall be deemed to be a Management Holder. Additionally, such Subject Employee shall
be deemed to be a Management Holder and his or her IRA shall be deemed to have acquired all shares of Common Stock it holds from such Subject Employee pursuant to a transfer that is subject to Section 3(c)(ii) above. 
 (d) Securities Restrictions; Legends. 
 (i) No shares of Common Stock shall be transferable except upon the conditions specified in this Section 3(d), which conditions are intended to insure compliance with the provisions of the Securities Act.

 (ii) Each certificate representing shares of Common Stock shall (unless otherwise permitted by the provisions of clause
(iv) below) be stamped or otherwise imprinted with a legend in substantially the following form: 
 “THE SECURITIES REPRESENTED BY
THIS CERTIFICATE HAVE BEEN ACQUIRED FOR INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES OR BLUE SKY LAWS. THESE SECURITIES MAY NOT BE SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH
REGISTRATION OR AN EXEMPTION 

  

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THEREFROM UNDER SAID ACT OR LAWS. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE ALSO SUBJECT TO A SECURITYHOLDERS AGREEMENT AMONG THE ISSUER OF SUCH
SECURITIES (THE “COMPANY”), AND THE OTHER PARTIES NAMED THEREIN. THE TERMS OF SUCH SECURITYHOLDERS AGREEMENT INCLUDE, AMONG OTHER THINGS, RESTRICTIONS ON TRANSFER. A COPY OF SUCH AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO
THE HOLDER HEREOF UPON WRITTEN REQUEST.” 
 (iii) The holder of any shares of Common Stock by acceptance thereof agrees,
prior to any transfer of any such shares, to give written notice to the Company of such holder’s intention to affect such transfer and to comply in all other respects with the provisions of this Section 3(d). Each such notice shall
describe the manner and circumstances of the proposed transfer. Upon request by the Company, the holder delivering such notice shall deliver a written opinion, addressed to the Company, of counsel for the holder of such shares, stating that in the
opinion of such counsel (which opinion and counsel shall be reasonably satisfactory to the Company) such proposed transfer does not involve a transaction requiring registration or qualification of such shares under the Securities Act. Such holder of
such shares shall be entitled to transfer such shares in accordance with the terms of the notice delivered to the Company, if the Company does not reasonably object to such transfer and request such opinion within fifteen (15) days after
delivery of such notice, or, if it requests such opinion, does not reasonably object to such transfer within fifteen (15) days after delivery of such opinion. Subject to clause (iv) below, each certificate or other instrument evidencing
any such transferred shares of Common Stock shall bear the legend set forth in clause (ii) above unless (1) the opinion of counsel referred to above states that such legend is not required or (2) the Company shall have waived the
requirement of such legends. 
 (iv) Notwithstanding the foregoing provisions of this Section 3(d), the
restrictions imposed by this Section 3(d) upon the transferability of any shares of Common Stock shall cease and terminate when (i) any such shares are sold or otherwise disposed of pursuant to an effective Registration Statement,
or (ii) after a Qualified Public Offering, the holder of such shares has met the requirements for transfer of such shares pursuant to Rule 144 under the Securities Act. Whenever the restrictions imposed by this Section 3(d) shall
terminate, the holder of any shares as to which such restrictions have terminated shall be entitled to receive from the Company, without expense, a new certificate not bearing the restrictive legend set forth in clause (ii) above and not
containing any other reference to the restrictions imposed by this Section 3(d). 
 (e) Transfers by the GE Holder to
Competitors. During such time as the restrictions on transfer set forth in Section 3(a) are applicable, the GE Holder may not directly or indirectly transfer its shares of Common Stock to any Competitor without the prior written consent of
the Company in a negotiated private transaction (i.e., not an Excluded Sale, except that in the case of an Excluded Sale the GE Holder will not take affirmative steps to have such shares of Common Stock directly marketed or otherwise directed
to a Competitor). 
  

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 (f) Improper Dispositions. Any Disposition or attempted Disposition in breach of this Agreement
shall be void ab initio and of no effect. In connection with any attempted Disposition in breach of this Agreement, the Company may hold and refuse to transfer any Common Stock or any certificate therefor, in addition to and without prejudice
to any and all other rights or remedies which may be available to it or the Holders. 
 Section 4. Demand Registration Rights.

 (a) Subject to the provisions of this Section 4, at any time and from time to time after the date hereof, the Apollo Group may
make one or more written requests (“Apollo Registration Request”) to the Company for registration under and in accordance with the provisions of the Securities Act of all or part of their shares of Common Stock; provided,
however, that the value of the shares of Common Stock being requested to be registered with respect to any such Apollo Registration Request shall be no less than $50,000,000. 
 (b) Subject to the provisions of this Section 4, at any time after the consummation of a Qualified Public Offering, the GE Holder may make
one or more written requests (each a “GE Registration Request”) to the Company for registration under and in accordance with the provisions of the Securities Act of all or part of its shares of Common Stock; provided,
however, that (i) the value of the shares of Common Stock being requested to be registered with respect to any such GE Registration Request shall be no less than $50,000,000 and (ii) GE Holder shall be permitted to make no more than
two (2) GE Registration Requests; provided that if the GE Holder has exercised its two (2) GE Registration Requests, but because of cut-backs, the GE Holder has been unable to register shares of Common Stock equal to the aggregate
value requested in such GE Registration Requests, the GE Holder shall be entitled to one (1) additional GE Registration Request. 
 (c)
All Apollo Registration Requests and GE Registration Requests (each a “Registration Request”) made pursuant to this Section 4 will specify the aggregate amount of shares of Common Stock to be registered and will also
specify the intended methods of disposition thereof (a “Demand Notice”). Subject to Section 4(d), promptly upon receipt of any such Demand Notice, the Company will use its reasonable best efforts to effect such
registration under the Securities Act (including, without limitation, filing post-effective amendments, appropriate qualification under applicable blue sky or other state securities laws and appropriate compliance with the applicable regulations
promulgated under the Securities Act) of the shares of Common Stock which the Company has been so requested to register within 180 days of such request (or within 120 days of such request in the case of a Registration Request after a Qualified
Public Offering (subject to any lock-up restrictions)). 
 (d) If the Company receives a Registration Request and the Company furnishes to
the party who submitted such request a copy of a resolution of the Board certified by the secretary of the Company stating that in the good faith judgment of the Board it would be materially adverse to the Company for a Registration Statement to be
filed on or before the date such filing would otherwise be required hereunder, the Company shall have the right to defer such filing for a period of not more than ninety (90) days after the date such filing would otherwise be required
hereunder. The Company shall not be permitted to take such action more than twice in any 360-day period. If the Company shall so postpone the filing of a Registration 

  

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Statement, the requesting party may withdraw its Registration Request by so advising the Company in writing within thirty (30) days after receipt of the
notice of postponement. In addition, if the Company receives a Registration Request and the Company is then in the process of preparing to engage in a Public Offering, the Company shall inform the party who submitted such request of the
Company’s intent to engage in a Public Offering and may require such party to withdraw such Registration Request for a period of up to 120 days so that the Company may complete its Public Offering. In the event that the Company ceases to pursue
such Public Offering, it shall promptly inform such requesting party and such requesting party shall be permitted to submit a new Registration Request. For the avoidance of doubt, such requesting party shall have the right to participate in the
Company’s Public Offering as provided in Section 5. 
 (e) Registrations under this Section 4 shall be on such
appropriate registration form of the Securities and Exchange Commission (i) as shall be selected by the Company and as shall be reasonably acceptable to the requesting party and (ii) as shall permit the disposition of such Common Stock in
accordance with the intended method or methods of disposition specified in the Demand Notice. If, in connection with any registration under this Section 4 which is proposed by the Company to be on Form S-3 or any successor form, the managing
underwriter, if any, shall advise the Company in writing that in its opinion the use of another permitted form is of material importance to the success of the offering, then such registration shall be on such other permitted form. 
 (f) The Company shall use its best efforts to keep any Registration Statement filed in response to a Registration Request effective for as long as is
necessary for the requesting party to dispose of the covered securities. 
 (g) In the case of an Underwritten Offering, the requesting party
shall select the underwriters, provided such selection is reasonably acceptable to the Company and the Apollo Group for so long as the Apollo Group owns at least 35% of the outstanding shares of Common Stock. 
 (h) Prior to (or in) a Qualified Public Offering, GE shall be entitled to participate in any Apollo Registration Request on a pro rata basis,
based on the relative percentage of shares of Common Stock owned by the Apollo Holder and GE Holder. Such participation shall be otherwise subject to the terms of Section 5. 
 Section 5. Piggyback Registration Rights. 
 (a) Participation. Subject to Section 5(b), if at any time after the consummation of a Qualified Public Offering (or prior to the consummation of a Qualified Public Offering with the Company’s
consent), the Company proposes to file a Registration Statement, whether on its own behalf or on behalf of another Securityholder (other than (i) a registration relating solely to an employee benefit plan or employee stock plan, a dividend
reinvestment plan, or a merger or a consolidation, (ii) a registration incidental to an issuance of debt securities under Rule 144A, (iii) a registration on Form S-4 or any successor form, or (iv) a registration on Form S-8 or any
successor form) with respect to an offering (for its own account or otherwise, and including any registration pursuant to Section 4 other than the initial 

  

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Qualified Public Offering) that includes any shares of Common Stock, then the Company shall give prompt notice (the “Initial Notice”) to the
Apollo Group, the GE Holder and the Management Holders, and such holders shall be entitled to include in such Registration Statement the Registrable Securities held by them. The Initial Notice shall offer the Apollo Group, the Management Holders and
the GE Holder, respectively, the right, subject to Section 5(b) (the “Piggyback Registration Right”), to register such number of shares of Registrable Securities as each such Holder may request and shall set forth
(X) the anticipated filing date of such Registration Statement and (Y) the number of shares of Common Stock that is proposed to be included in such Registration Statement. Subject to Section 5(b), the Company shall include in
such Registration Statement such shares of Registrable Securities for which it has received written requests to register such shares within fifteen (15) days after the Initial Notice has been given. 
 (b) Underwriters’ Cutback. Notwithstanding the foregoing, if a registration pursuant to this Section 5 involves an Underwritten
Offering and the managing underwriter or underwriters of such proposed Underwritten Offering advise the Company that the total or kind of securities which such Holders and any other persons or entities intend to include in such offering would be
reasonably likely to adversely affect the price, timing or distribution of the securities offered in such offering, then the number of securities proposed to be included in such registration shall be allocated among the Company and all of the
selling Apollo Group, GE Holder and Management Holders, such that the number of securities that each such Person shall be entitled to sell in the Underwritten Offering shall be included in the following order: 
 (i) In the event of an exercise of any Registration Right by the Apollo Group or the GE Holder or any other Holder or Holders possessing
such rights: 
 (1) first, the securities held by the Person(s) exercising such registration rights pursuant to
Section 4 or pursuant to any other agreement containing demand registration rights, pro rata based upon the number of Registrable Securities requested to be registered by each such Person in connection with such
registration, provided, however, that in the case of an exercise by the Apollo Group of an Apollo Registration Request prior to (or in) a Qualified Public Offering, both the GE Holder and the Apollo Group shall be deemed to be a person exercising
such registration rights; 
 (2) second, the securities held by the Apollo Group, the GE Holder and the Management
Holders requested to be included in such registration pursuant to the terms of this Section 5, pro rata based upon the number of Registrable Securities requested to be registered by each such Person in connection with such
registration; 
 (3) third, the securities to be issued and sold by the Company in such registration; and 

(4) fourth, the securities held by any other Persons requested to be included in such registration pursuant to the terms of this
Section 5 or pursuant to any other agreement containing piggyback registration rights, pro rata based 

  

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upon the number of Registrable Securities requested to be registered by each such Person in connection with such registration. 
 (ii) In all other cases: 
 (1) first, the securities to be issued and sold by the Company in such registration; 
 (2) second, the securities held by the Apollo Holder, the GE Holder and the Management Holders requested to be included in such registration pursuant to the terms of this Section 5 or pursuant to any other agreement
containing piggyback registration rights, pro rata based upon the number of Registrable Securities requested to be registered by each such Person in connection with such registration; and 
 (3) third, the securities held by all other Persons requesting their securities be included in such registration pursuant to the
terms of this Section 5 or pursuant to any other agreement containing piggyback registration rights, pro rata based upon the number of Registrable Securities requested to be registered by each such Person in connection with
such registration. 
 In the event that the managing underwriter or underwriters of such proposed Underwritten Offering determine that participation in such
Underwritten Offering by a particular Stockholder or group of Stockholders would be likely to adversely affect such Underwritten Offering, such Stockholder or Stockholders shall not participate in such Underwritten Offering, provided that the Apollo
Group shall use reasonable efforts to ensure that the GE Holder is treated no less favorably than the Apollo Group in connection therewith so as to give effect to the pro rata principles reflected above in this Section 5(b). 
 (c) Lock-ups. 
 (i)
Prior to or in connection with a Qualified Public Offering, if the Company shall register shares of Common Stock under the Securities Act for sale to the public (a “Public Offering”), no Other Holder shall sell publicly, make any
short sale of, grant any option for the purchase of, or otherwise dispose publicly of, any capital stock of the Company without the prior written consent of the Company, for the period of time in which the Apollo Group has similarly agreed not to
sell publicly, make any short sale of, grant any option for the purchase of, or otherwise dispose publicly of, any capital stock of the Company. In addition, if requested by the managing underwriter(s), in connection with the initial Public
Offering, all Holders shall enter into a customary lock-up agreement with the managing underwriter(s). In connection with an underwritten Public Offering following a Qualified Public Offering, no Holder shall sell publicly, make any short sale of,
grant any option for the purchase of, or otherwise dispose publicly of, any capital stock of the Company, for such period as shall be required by the managing underwriter of such Public Offering. For the avoidance of doubt, the GE Holder will not be
obligated to enter into or accept any lock-up agreement unless the Apollo Group enters into or accepts a lock-up agreement providing for substantially the same restrictions. 
  

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 (ii) In connection with the initial Public Offering, the Management Holders shall agree
with the Company to lock-up their shares of Common Stock for a period of one year from and after the completion of such initial Public Offering, subject to customary exceptions in the Company’s discretion. 
 (d) Company Control. The Company may decline to file a Registration Statement after giving the Initial Notice, or withdraw any such Registration
Statement after filing but prior to the effectiveness of such Registration Statement, provided that the Company shall promptly notify each Holder who was to participate in such offering in writing of any such action and provided
further that the Company shall bear all reasonable expenses incurred by such Holder or otherwise in connection with such unfilled or withdrawn Registration Statement and no Holder shall be deemed to have made a Registration Request with
respect to the unfilled or withdrawn Registration Statement. Except as provided in Section 4(g), the Company shall have sole discretion to select any and all underwriters that may participate in any Underwritten Offering. 
 (e) Participation in Underwritten Offerings. No Person may participate in any Underwritten Offering hereunder unless such Person agrees to sell
such Person’s securities on the basis provided in any underwriting arrangements approved by the Company and provides the questionnaires, powers of attorney (which, in the case of GE, shall be customary and shall be strictly limited to
administrative matters required to complete the Underwritten Offering in an efficient manner), customary indemnities, underwriting agreements, lock-ups (subject to Section 5(c) above) and other documents required for such underwriting
arrangements. Nothing in this Section 5(e) shall be construed to create any additional rights regarding the piggyback registration of Registrable Securities in any Person otherwise than as set forth herein. 
 (f) Expenses. The Company will pay all registration fees and other reasonable expenses in connection with each registration of Registrable
Securities requested pursuant to this Section 5; provided, that each Holder shall pay all applicable underwriting fees, discounts and similar charges (pro rata based on the securities sold) and that all Holders as a
group shall be entitled to a single counsel (at the Company’s expense) to be selected by the Apollo Group. 
 (g)
Indemnification. 
 (i) Indemnification by the Company. The Company agrees to indemnify and hold harmless, to
the full extent permitted by law, each selling Holder, its officers, directors, employees and representatives and each Person who controls (within the meaning of the Securities Act) such selling Holder against any losses, claims, damages,
liabilities and expenses caused by any untrue or alleged untrue statement of a material fact contained in any Registration Statement, prospectus or preliminary prospectus or any omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein not misleading, except insofar as the same may be caused by or contained in any information furnished in writing to the Company by such selling Holder for use therein; provided,
however, that the Company shall not be liable in any such case to the extent that any such loss, claim, 

  

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damage, liability or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission made in any such
preliminary prospectus if (A) such selling Holder failed to deliver or cause to be delivered a copy of the prospectus to the Person asserting such loss, claim, damage, liability or expense after the Company has furnished such selling Holder
with a sufficient number of copies of the same and (B) the prospectus completely corrected in a timely manner such untrue statement or omission; and provided, further, that the Company shall not be liable in any such case to the
extent that any such loss, claim, damage, liability or expense arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission in the prospectus, if such untrue statement or alleged untrue statement,
omission or alleged omission is completely corrected in an amendment or supplement to the prospectus and the selling Holder thereafter fails to deliver such prospectus as so amended or supplemented prior to or concurrently with the sale of the
securities to the Person asserting such loss, claim, damage, liability or expense after the Company had furnished such selling Holder with a sufficient number of copies of the same. The Company will also indemnify underwriters, selling brokers,
dealer managers and similar securities industry professionals participating in the distribution, their officers and directors and each Person who controls such Persons (within the meaning of the Securities Act) to the same extent as provided above
with respect to the indemnification of the selling Holder, if requested. 
 (ii) Indemnification by Selling Holders.
Each selling Holder agrees to indemnify and hold harmless, to the full extent permitted by law, the Company, its directors, officers, employees and representatives and each Person who controls the company (within the meaning of the Securities Act)
against any losses, claims, damages or liabilities and expenses caused by any untrue or alleged untrue statement of a material fact contained in any Registration Statement or any omission or alleged omission to state therein a material fact required
to be stated therein or necessary to make the statements therein not misleading, to the extent, but only to the extent, that such untrue statement or omission is contained in any statement or affidavit furnished in writing by such selling Holder to
the Company expressly for inclusion in such Registration Statement, prospectus or preliminary prospectus and has not been corrected in a subsequent writing prior to or concurrently with the sale of the securities to the Person asserting such loss,
claim, damage, liability or expense. In no event shall the liability of any selling Holder hereunder be greater in amount than the dollar amount of the proceeds received by such selling Holder upon the sale of the securities giving rise to such
indemnification obligation and any indemnification shall be several and not joint. The Company and the selling Holders shall be entitled to receive indemnities from underwriters, selling brokers, dealer managers and similar securities industry
professionals participating in the distribution, to the same extent as provided above with respect to information so furnished in writing by such Persons specifically for inclusion in any prospectus or Registration Statement. 
 (iii) Conduct of Indemnification Proceedings. Any Person entitled to indemnification hereunder will (i) give prompt (but in
any event within thirty (30) days after such Person has actual knowledge of the facts constituting the basis for indemnification) written notice to the indemnifying party of any claim with respect to 

  

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which it seeks indemnification and (ii) permit such indemnifying party to assume the defense of such claim with counsel reasonably satisfactory to the
indemnified party; provided, however, that any delay or failure to so notify the indemnifying party shall relieve the indemnifying party of its obligations hereunder only to the extent, if at all, that it is actually prejudiced by
reason of such delay or failure; provided, further, however, that any Person entitled to indemnification hereunder shall have the right to select and employ separate counsel and to participate in the defense of such claim, but
the fees and expenses of such counsel shall be at the expense of such Person unless (a) the indemnifying party has agreed in writing to pay such fees or expenses, or (b) the indemnifying party shall have failed to assume the defense of
such claim within a reasonable time after receipt of notice of such claim from the Person entitled to indemnification hereunder and employ counsel reasonably satisfactory to such Person or (c) in the reasonable judgment of any such Person,
based upon advice of counsel, a conflict of interest may exist between such Person and the indemnifying party with respect to such claims (in which case, if the Person notifies the indemnifying party in writing that such Person elects to employ
separate counsel at the expense of the indemnifying party, the indemnifying party shall not have the right to assume the defense of such claim on behalf of such Person). If such defense is not assumed by the indemnifying party, the indemnifying
party will not be subject to any liability for any settlement made without its consent (but such consent will not be unreasonably withheld). An indemnified party shall not be required to consent to any settlement involving the imposition of
equitable remedies or involving the imposition of any material obligations on such indemnified party other than financial obligations for which such indemnified party will be indemnified hereunder. No indemnifying party will be required to consent
to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified party of a release from all liability in respect to such claim or litigation.
Whenever the indemnified party or the indemnifying party receives a firm offer to settle a claim for which indemnification is sought hereunder, it shall promptly notify the other of such offer. If the indemnifying party refuses to accept such offer
within twenty (20) business days after receipt of such offer (or of notice thereof), such claim shall continue to be contested and, if such claim is within the scope of the indemnifying party’s indemnity contained herein, the indemnified
party shall be indemnified pursuant to the terms hereof. If the indemnifying party notifies the indemnified party in writing that the indemnifying party desires to accept such offer, but the indemnified party refuses to accept such offer within
twenty (20) business days after receipt of such notice, the indemnified party may continue to contest such claim and, in such event, the total maximum liability of the indemnifying party to indemnify or otherwise reimburse the indemnified party
hereunder with respect to such claim shall be limited to and shall not exceed the amount of such offer, plus reasonable out-of-pocket costs and expenses (including reasonable attorneys’ fees and disbursements) to the date of notice that the
indemnifying party desires to accept such offer, provided that this sentence shall not apply to any settlement of any claim involving the imposition of equitable remedies or to any settlement imposing any material obligations on such
indemnified party other than financial obligations for which such indemnified party will be indemnified hereunder. An indemnifying party who is not entitled to, or elects not to, assume the defense or a 
  

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claim will not be obligated to pay the fees and expenses of more than one counsel for all parties indemnified by such indemnifying party with respect to such
claim in any one jurisdiction, unless in the written opinion of counsel to the indemnified party, reasonably satisfactory to the indemnifying party, use of one counsel would be expected to give rise to a conflict of interest between such indemnified
party and any other of such indemnified parties with respect to such claim, in which event the indemnifying party shall be obligated to pay the fees and expenses of each additional counsel. 
 (iv) Other Indemnification. Indemnification similar to that specified in this Section 5(g) (with appropriate
modifications) shall be given by the Company and each selling Holder with respect to any required registration or other qualification of securities under Federal or state or regulation of governmental authority other than the Securities Act.

 (v) Contribution. If for any reason the indemnification provided for in the preceding clauses g(i) and g(ii) is
unavailable to an indemnified party or insufficient to hold such indemnified party harmless as contemplated by the preceding clauses g(i) and g(ii), then the indemnifying party shall contribute to the amount paid or payable by the indemnified party
as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect not only the relative benefits received by the indemnified party and the indemnifying party, but also the relative fault of the indemnified party
and the indemnifying party, as well as any other relevant equitable considerations, provided that no selling Holder shall be required to contribute in an amount greater than the dollar amount of the proceeds received by such selling Holder
with respect to the sale of any securities under this Section 5. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was
not itself guilty of such fraudulent misrepresentation. 
 Section 6. Repurchase Rights. 
 (a) Company Call Rights. 
 (i) In the event that, prior to the consummation of a Qualified Public Offering, a Senior Management Holder’s employment is terminated by the Company or, if applicable, an Affiliate thereof, for Cause then the Company (or at its
option, any of its Subsidiaries) shall have the right, but not the obligation, to repurchase all or any portion of the shares of Common Stock held by such Senior Management Holder (including any shares of Common Stock received upon a distribution
from any deferred compensation plan or any Common Stock then issuable upon exercise of any Options held by such Senior Management Holder) in accordance with this Section 6 for the lesser of (i) Original Cost and (ii) Fair
Market Value. If Fair Market Value was determined at any time during the twelve-month period prior to such closing date, the Fair Market Value as of such closing date shall be deemed to equal the most recent determination of Fair Market Value during
such twelve-month period unless the Board, in its sole discretion, otherwise elects to recalculate the Fair Market Value as of such closing date. To the extent necessary to comply with Section 409A of the Code, with respect to shares of 

  

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Common Stock received by a Senior Management Holder upon exercise of any Options, the provisions of this Section 6(a)(i) shall cease to apply on
the ten-year anniversary of the grant of such Options to such Management Holder. 
 (ii) In the event that, prior to the
consummation of a Qualified Public Offering, a Senior Management Holder’s employment is terminated by such Senior Management Holder without Good Reason, then the Company (or at its option, any of its Subsidiaries) shall have the right, but not
the obligation, to repurchase all or any portion of the shares of Common Stock held by such Senior Management Holder (including any shares of Common Stock received upon a distribution from any deferred compensation plan or any Common Stock then
issuable upon exercise of any Options held by such Senior Management Holder) in accordance with this Section 6 for Fair Market Value. If Fair Market Value was determined at any time during the twelve-month period prior to such closing
date, the Fair Market Value as of such closing date shall be deemed to equal the most recent determination of Fair Market Value during such twelve-month period unless the Board, in its sole discretion, otherwise elects to recalculate the Fair Market
Value as of such closing date. 
 (iii) From and after a Bankruptcy Event with respect to any Senior Management Holder, the
Company (or at its option, any of its Subsidiaries) shall have the right, but not the obligation, to repurchase all or any portion of the shares of Common Stock held by such holder (including any shares of Common Stock received upon a distribution
of any deferred compensation plan or any Common Stock issuable upon exercise of any Options held by any such Senior Management Holder) in accordance with this Section 6 for Fair Market Value. 
 (iv) Following the occurrence of any of the events set forth in Section 6(a)(i), 6(a)(ii), and 6(a)(iii) (each a
“Repurchase Event”), the Company or any of its Subsidiaries may exercise its right of repurchase (a “Call Right”) until the date occurring ninety (90) days after the relevant Repurchase Event; provided,
however, that (A) with respect to shares of Common Stock acquired by a Senior Management Holder after such Repurchase Event (whether by exercise of Options, distribution of shares from any equity compensation plan, deferred compensation
plan or otherwise), the Company or any of its Subsidiaries may exercise its right to purchase such shares of Common Stock until the date occurring six (6) months after the acquisition of such shares of Common Stock by such Senior Management
Holder, and (B) if the termination of employment giving rise to a Repurchase Event is due to death or Disability, the Company or any of its Subsidiaries may exercise its Call Right with respect to such Senior Management Holder until the date
occurring 180 days after such Repurchase Event. 
 (b) Senior Management Holder Put Rights. If, prior to the consummation of a
Qualified Public Offering, a Senior Management Holder’s employment by the Company, or if applicable, an Affiliate thereof, is terminated (i) by the Company or, if applicable, an Affiliate thereof, without Cause, or (ii) by such Senior
Management Holder for Good Reason, then such Senior Management Holder shall have the right (a “Put Right”), to require the Company to purchase all (but not less than all) of such Senior Management Holder’s Common Stock
(including any shares held by its Transferees) (such shares on each particular Put Right exercise 

  

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date, the “Put Shares”) at Original Cost; provided that in no event shall a Put Right be exercised after the date which is ninety (90) days
after the termination of such Senior Management Holder’s employment with the Company or, if applicable, an Affiliate thereof. 
 (c) The Apollo Group Repurchase Right. The Company or a Subsidiary thereof shall give
written notice to the Apollo Group stating whether the Company or any Subsidiary will exercise such Call Rights pursuant to clause (a) above. If such notice states that the Company and its Subsidiaries will not exercise their Call Right for all
or a portion of the shares of Common Stock then subject thereto, the Apollo Group shall have the right to purchase such shares of Common Stock not purchased by the Company or its Subsidiaries on the same terms and conditions as the Company and its
Subsidiaries until the later of (i) the 30th day following the receipt of such notice or (ii) such longer period as specified in subclauses
(A) and (B) of Section 6(a)(iv), if applicable. 
 (d) Closing. The closing of any purchase of shares of
Common Stock, pursuant to this Section 6 shall take place on a date designated by the Company, one of its Subsidiaries, or the Apollo Group, as applicable, in accordance with the applicable provisions of this Section 6;
provided that, if necessary to avoid liability accounting, the closing with respect to a Senior Management Holder will be deferred until such time as the applicable Senior Management Holder has held the shares of Common Stock for a period of
at least six (6) months and one day. The Company, one of its Subsidiaries, or the Apollo Group, as applicable, will pay for the shares of Common Stock purchased by it pursuant to this Section 6 by delivery of a check or wire transfer of
funds, in exchange for the delivery by the Senior Management Holder of the certificates representing such shares of Common Stock, duly endorsed for transfer to the Company, such Subsidiary or the Apollo Group, as applicable. The Company shall have
the right to record such purchase on its books and records without the consent of the Senior Management Holder, so long as such transaction is consistent with the terms of this Agreement. 
 (e) Restrictions on Repurchase. Notwithstanding anything to the contrary contained in this Agreement, (i) all purchases of shares of Common
Stock by the Company, its Subsidiaries or the Apollo Group shall be subject to applicable restrictions contained in any federal, state or non-U.S. law; (ii) if any such restrictions prohibit or otherwise delay any purchase of shares of Common
Stock which the Company, the Subsidiaries thereof or the Apollo Group is otherwise entitled or required to make pursuant to this Section 6, then the Company, the Subsidiaries thereof and the Apollo Group shall have the option to make
such purchases pursuant to this Section 6 within thirty (30) days of the date that it is first permitted to make such purchase under the laws and/or agreements containing such restrictions; and (iii) the Company and its
Subsidiaries shall not be obligated to effectuate any transaction contemplated by this Section 6 if such transaction would violate the terms of any restrictions imposed by agreements evidencing the Indebtedness of the Company or any of its
Subsidiaries. In the event that any shares of Common Stock are sold by a Holder pursuant to this Section 6, the Holder, and such Holder’s successors, assigns or representatives, will take all reasonable steps necessary and desirable
to obtain all required third-party, governmental and regulatory consents and approvals with respect to such Holder and take all other actions necessary and desirable to facilitate consummation of such sale in a timely manner. For the avoidance of
doubt, in the event a repurchase is delayed pursuant to the terms of this Section 6(d), the determination date 

  

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for purposes of determining the Fair Market Value shall be the closing date of the purchase of the applicable shares. 
  
 (f) Withholdings. The Company may withhold from any amounts payable under
this Agreement such federal, state, local or foreign taxes as shall be required to be withheld pursuant to any applicable law or regulation, or may permit a Management Holder or Other Holder to elect to pay the Company any such required withholding
taxes. If such Management Holder or the Other Holder so elects, the payment by such Holder of such taxes shall be a condition to the receipt of amounts payable to such Holder under this Agreement. The Company shall, to the extent permitted or
required by law, have the right to deduct any such taxes from any payment otherwise due to such Management Holder or the Other Holder. 
 Section 7. The Board. 
 (a) Composition. As of the Closing, the Board will consist of four members (each such
member of the Board, a “Director”) which shall consist of (i) one Director to be designated for election or appointment by the Apollo VCOC Holder (the “Apollo VCOC Designee”), and (ii) three Directors to
be designated for election or appointment by the Apollo Group. Directors shall serve for the time periods set forth in the Company’s Certificate of Incorporation (the “Articles”) or By-Laws (the “By-Laws”).
Without limiting the GE Holder’s rights pursuant to Section 7(b), the Board may increase or decrease its size in accordance with the provisions of the Articles and By-Laws. In the event that GE Holder intends to exercise its right
pursuant to Section 7(b)(i) to designate a Director for election or appointment to the Board, it shall give the Company and the Apollo Group at least 10 Business Days prior written notice, and the Apollo Group shall designate an
additional Director for election or appointment to the Board (in addition to the GE Designee) no later than the time the GE Designee shall be elected or appointed, it being understood and agreed that for as long as the Board shall have a GE Designee
as a member, the Board shall consist of at least six Directors. 
 (b) GE Designee. 
 (i) The GE Holder shall have the right to designate one Director to be designated
for election or appointment to the Board (the “GE Designee”) for so long as the GE Holder continues to own at least 50% of its Original Shares. Thereafter, the GE Holder shall have the right, for so long as the GE Holder continues
to own at least 33 1/3% of its Original Shares, to appoint one representative (the “GE
Representative”) to attend each meeting of the Board as a non-voting observer, whether such meeting is conducted in person or by teleconference. The Company shall cause the GE Representative to be provided with all communications and
materials that are provided to the Directors generally, at the same time and in the same manner that such communication and materials are provided to such Directors. The rights of the GE Representative hereunder shall be subject to such
representative entering to a confidentiality agreement reasonably acceptable to the Company. 
 (ii) So long as GE has
the right to designate the GE Designee, and does so, the GE Holder may also have a board assistant (the “GE Board Facilitator”) to support the work of the GE Designee, including to facilitate preparation and planning for 

  

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board meetings and implementation of Board decisions applicable to GE. The GE Board Facilitator shall have the right to attend, but not participate in,
meetings of the Board, provided, however, that to the extent the Company deems it necessary in order to preserve attorney-client privilege or other similar privileges, or with respect to discussions involving highly-sensitive matters relating
to the Company or its personnel, the Board may request that such GE Board Facilitator not attend such portions of a Board meeting. 
 (c)
Removal and Replacement of the GE Designee. For so long as the GE Holder has the right to designate the GE Designee or the GE Representative, as applicable, pursuant to Section 7(b), (i) the GE Holder shall have the right to
remove and replace the GE Designee or the GE Representative, as applicable, for any reason and at any time, and (ii) the Apollo Group shall not take any action to cause the removal of the GE Designee or the GE Representative, as applicable,
except for Cause and in such event, the GE Holder shall have the right to designate a replacement GE Designee or GE Representative, as applicable. No delay by the GE Holder in designating the GE Designee and/or the GE Representative shall impair the
GE Holder’s right to subsequently designate such GE Designee and/or GE Representative. 
 (d) Apollo VCOC Holder. The Apollo VCOC
Holder shall have the right to designate the Apollo VCOC Designee for so long as the Apollo VCOC Holder continues to own any shares of Common Stock. For so long as the Apollo VCOC Holder has the right to designate the Apollo VCOC Designee, the
Apollo VCOC Holder shall have the right to remove and replace the Apollo VCOC Designee for any reason and at any time. No delay by the Apollo VCOC Holder in designating the Apollo VCOC Designee shall impair the Apollo VCOC Holder’s right to
subsequently designate such Apollo VCOC Holder. 
 (e) Implementation; Facilitation. 
 (i) Each of the parties to this Agreement agrees that it shall (and shall cause its Affiliates to) cooperate in facilitating any action
described in or required by this Agreement, including by voting all of the shares of Common Stock under its control in support of such action. Without limiting the generality of the foregoing, each of the parties to this Agreement agrees that it
shall (and shall cause its Affiliates to) vote its shares of Common Stock and any shares of Common Stock it holds proxies or powers of attorney with respect to or execute consents, as the case may be, and take all other necessary action (including
nominating such designees and calling an annual or special meeting of stockholders) in order to ensure that the composition of the Board is as set forth in this Section 7 and otherwise to give effect to the provisions of this
Section 7. Each party shall vote its shares of Common Stock and any shares of Common Stock it holds proxies or powers of attorney with respect to, and shall take all other actions necessary, to ensure that the Articles and By-Laws
facilitate and do not at any time conflict with any provision of this Agreement. 
 (ii) The Company agrees that it will (and
will cause its officers and its Subsidiaries to) take all such action as shall be necessary (including by voting all shares of capital stock or other equity interests that it holds in each of its Subsidiaries, either in a meeting or in an action by
written consent) to ensure that the articles of incorporation and 

  

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by-laws or other applicable governing documents of each of its Subsidiaries are consistent with, and do not conflict with, any provision of this Agreement
and that the boards of directors, general partners, managing members or other applicable governing body or persons for each such Subsidiary shall act in accordance with the provisions of this Agreement and that each Subsidiary board of directors or
other applicable governing body is as set forth in Section 7. 
 Section 8. Voting Agreement. 
 (a) Each Other Holder (other than the GE Holder) hereby revokes any and all prior proxies or powers of attorney in respect of any of such Holder’s
shares of Common Stock and constitutes and appoints Apollo Management VI, L.P., or any nominee of Apollo Management VI, L.P., with full power of substitution and resubstitution, at any time from the date hereof until the earlier of (i) the
termination of this Agreement pursuant to Section 12(g) hereof (the “Term”) and (ii) the consummation of a Qualified Public Offering, as its true and lawful attorney and proxy (its “Proxy”), and in
its name, place and stead, to vote each of such shares (whether such shares are currently held or may be acquired in the future by such Holder) as its Proxy, at every annual, special, adjourned or postponed meeting of the stockholders of the
Company, including the right to sign its name (as stockholder) to any consent, certificate or other document relating to the Company to the fullest extent permitted by applicable law. THE FOREGOING PROXY AND POWER OF ATTORNEY ARE IRREVOCABLE AND
COUPLED WITH AN INTEREST THROUGHOUT THE TERM. 
 (b) No Proxies for or Encumbrances on Other Holders’ Shares. Except pursuant to
the terms of this Agreement, during the Term and prior to a Qualified Public Offering, no Other Holder shall, without the prior written consent of Apollo Management VI, L.P., directly or indirectly, (i) grant any proxies (other than pursuant to
Section 8(a) above) or enter into any voting trust or other agreement or arrangement with respect to the voting of any shares of Common Stock held by such Holder or (ii) except as permitted pursuant to Section 2 or
Section 3, sell, assign, transfer, encumber or otherwise dispose of, or enter into any contract, option or other arrangement or understanding with respect to the direct or indirect sale, assignment, transfer, encumbrance or other
disposition of, the Common Stock or Options of any such Holder. 
 Section 9. Non-Solicitation; Non-Competition. 
 (a) Each Management Holder shall be bound by the non-competition and non-solicitation provisions contained in this Section 9, except that if
any Management Holder is a party to a subscription agreement with the Company or any of its Subsidiaries which contains non-compete and non-solicitation provisions, such Management Holder shall only be bound by the non-compete and non-solicitation
provisions contained in such subscription agreement and shall not be bound by the provisions of this Section 9. 
 (b) During the
period commencing on the date hereof and ending on the date of the one year anniversary of the Management Holder’s termination of employment for any reason (such period, the “Restricted Period”), or such other period as may be
set forth in the applicable provision of a Management Holder’s employment agreement with the Company, if 

  

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any, the Management Holder shall not directly or indirectly (i) induce or attempt to induce any employee or independent contractor of the Company or any
Affiliate of the Company (collectively, the “Affiliated Entities” and each such entity an “Affiliated Entity”) to leave the Company or such Affiliated Entity, or in any way interfere with the relationship between
the Company or any such Affiliated Entity, on the one hand, and any employee or independent contractor thereof, on the other hand, (ii) hire any person who is an employee or independent contractor of the Company or any Affiliated Entity until
twelve (12) months after such individual’s relationship with the Company or such Affiliated Entity has been terminated or (iii) induce or attempt to induce any customer (including former customers who were customers at any time during
the 2-year period immediately prior to such inducement or attempted inducement), supplier, licensee or other business relation of the Company or any subsidiary of the Company to cease doing business with the Company or such subsidiary, or in any way
interfere with the relationship between any such customer, supplier, licensee or business relation, on the one hand, and the Company or any subsidiary, on the other hand. 
 (c) Each Management Holder acknowledges that, in the course of his employment with the Company and/or its Subsidiaries and their predecessors, he has become familiar, or will become familiar, with the Company’s
and its Subsidiaries’ and their predecessors’ trade secrets and with other confidential information concerning the Company, its Subsidiaries and their respective predecessors and that his services have been and will be of special, unique
and extraordinary value to the Company and its Subsidiaries. Therefore, each Management Holder agrees that, during the Restricted Period, such Management Holder shall not, directly or indirectly, own, manage, operate, control, be employed by
(whether as an employee, consultant, independent contractor or otherwise, and whether or not for compensation) or render services to any person, firm, corporation or other entity, in whatever form, engaged in any business of the same type as any
business in which the Company or any of its Subsidiaries is engaged on the date of termination of such Management Holder’s employment or in which they have proposed, on or prior to such date, to be engaged in on or after such date and in which
the Management Holder has been involved to any extent (other than de minimis) at any time during the 2 (two) year period ending with the date of termination of such Management Holder’s employment, in any locale of any country in which the
Company or any of its subsidiaries conducts business. Notwithstanding the foregoing, it shall not be a violation of this Section 9(c) for the Management Holder to join a division or business line of a commercial enterprise with multiple
divisions or business lines if such division or business line is not competitive with the businesses of the Company or any of the Affiliated Entities and does not otherwise provide material goods or services to any business or entity that directly
or indirectly competes with the Company, provided that the Management Holder performs services solely for such non-competitive division or business line, and performs no functions on behalf of (and has no involvement with or direct or indirect
responsibilities with respect to) businesses competitive with the businesses of the Company or any of the Affiliated Entities. For the avoidance of doubt, a commercial enterprise (or division or business line thereof) shall not be considered to be
“competitive” with the businesses of the Company or any of the Affiliated Entities if such enterprise (1) is a non-silicone and non-quartz commercial enterprise; (2) does not produce, manufacture or otherwise distribute any
silicone- or quartz-based products and (3) does not compete with the Company or any of the Affiliated Entities, provided that it shall be a violation of this Section 9(c) if a Management Holder undertakes or engages in activities during
the Restricted Period at such commercial enterprise intended to produce or 

  

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promote products or services that are intended to be directly competitive with the products or services of the Company or any of the Affiliated Entities.
Nothing in this Section 9 shall prohibit any Management Holder from being a passive owner of not more than 4.9% of the outstanding stock of any class of a corporation which is publicly traded, so long as such Management Holder has no
active participation in the business of such corporation. 
 Section 10. Equal Treatment of the GE Holder; GE
Preemptive Rights. 
 (a) For so long as the GE Holder holds any shares of Common Stock, except as otherwise provided in this Agreement,
the Company shall treat the GE Holder equally with other holders of Common Stock, including the Apollo Group in its capacity as a common stockholder, with respect to any rights of such holders, including with respect to dividends and distributions
made to the holders of shares of Common Stock. 
 (b) Until such time as the GE Holder no longer has the right to appoint a GE Designee or,
if earlier, until the consummation of a Qualified Public Offering, the GE Holder shall have the right to participate, on a pro rata basis based on relative percentage of ownership of the Common Stock, in any subscription for shares of
Common Stock or securities convertible into or exchangeable for Common Stock from the Company by the Apollo Group (other than with respect to repurchases of shares of Common Stock held by Management Holders), on the same terms, cash purchase price
and subject to the same conditions as applied to the Apollo Group (a “Preemptive Event”). The Company shall give prompt notice to the GE Holder of any Preemptive Event, including the anticipated terms of such subscription, which the
GE Holder shall have 10 Business Days to accept or reject, provided that in the event the GE Holder does not reply in such period, such offer shall be deemed rejected. The GE Holder acknowledges that such period may be shortened in exigent
circumstances, provided that the Company shall provide as much notice as reasonably practicable in such circumstances. 
 Section 11.
Notices. 
 In the event a notice or other document is required to be sent hereunder to the Company or to any Holder or the spouse or
legal representative of a Holder, such notice or other document, if sent by mail, shall be sent by registered mail, return receipt requested (and by air mail in the event the addressee is not in the continental United States), to the party entitled
to receive such notice or other document at the address set forth below. 
 If to the Company: 
 Momentive Performance Materials Holdings Inc. 
 187 Danbury Road, 
 Wilton, Connecticut 06897 
 Facsimile: (203) 761-1991 
 Attention: General Counsel 
  

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 If to the Apollo Group: 
 Apollo Management, LP 
 9 West 52nd Street, 43rd Floor 
 New York, New York 10019 
 Facsimile: (212)
515-3264 
 Attention: Stan Parker 
 with a copy (which shall not constitute notice) to: 
 Wachtell, Lipton, Rosen & Katz 
 51 West 52nd Street 
 New York, New York 10019 
 Facsimile: (212) 403-2000 
 Attention: Andrew J. Nussbaum, Esq. 
 If to the GE Holder: 
 GE Capital Equity
Investments, Inc. 
 201 Merritt 7 
 1st
Floor 
 PO Box 4800 
 Norwalk, Connecticut 06856-1056 
 Facsimile: (203) 956-4259 
 Attention: Account Manager – Momentive 
 with a copy (which shall constitute notice) to: 
 General Electric Capital Corporation 
 201 Merritt 7 
 1st Floor 
 PO Box 4800 
 Norwalk, Connecticut 06856-1056 
 Facsimile: (203) 956-4259 
 Attention: GE Equity General Counsel 
 and 
 Allen & Overy LLP 

1221 Avenue of the Americas 
 New York, New
York 10020 
 Facsimile: (212) 610-6399 
 Attention: Eric S. Shube, Esq. 
 If to any Management Holder: to the address set forth with respect to such Management Holder in
the Company’s records. 
 All notices, requests, demands or other communications required by or otherwise with respect to this Agreement
shall be in writing and shall be deemed to have been duly given to any party hereto when delivered by hand, by messenger, or by a nationally recognized overnight delivery company, when delivered by telecopy and confirmed by return telecopy, or when

  

 -31- 

 
delivered by first-class mail, postage prepaid and return receipt requested, in each case to the applicable addresses set forth below. The Company, any
Holder or any spouse or legal representative of a Holder may effect a change of address for purposes of this Agreement by giving notice of such change to the Company, and the Company shall, upon the request of any party hereto, notify such party of
such change in the manner provided herein. Until such notice of change of address is properly given, the addresses set forth in this Section shall be effective for all purposes. 
 Section 12. Miscellaneous Provisions. 
 (a) Each Other Holder that is an entity that was formed for the sole purpose of acquiring shares of Common Stock or that has no substantial assets other than the shares of Common Stock or interests in shares of Common Stock agrees that
(a) certificates of shares of its common stock or other instruments reflecting equity interests in such entity (and the certificates for shares of common stock or other equity interests in any similar entities controlling such entity) will note
the restrictions contained in this Agreement on the transfer of Common Stock as if such common stock or other equity interests were shares of Common Stock and (b) no such shares of common stock or other equity interests may be transferred to
any Person other than in accordance with the terms and provisions of this Agreement as if such shares or equity interests were shares of Common Stock. 
 (b) No Holder shall enter into any stockholder agreements or arrangements of any kind with any Person with respect to any Securities of the Company on terms inconsistent with the provisions of this Agreement (whether
or not such agreements or arrangements are with other Holders or with Persons that are not parties to this Agreement), including agreements or arrangements with respect to the acquisition or disposition of any securities of the Company in a manner
inconsistent with this Agreement. 
 (c) THIS AGREEMENT WILL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION OTHER THAN THE STATE OF DELAWARE TO BE APPLIED. IN FURTHERANCE OF THE FOREGOING, THE INTERNAL LAW OF THE STATE OF
DELAWARE WILL CONTROL THE INTERPRETATION AND CONSTRUCTION OF THIS AGREEMENT, EVEN IF UNDER SUCH JURISDICTION’S CHOICE OF LAW OR CONFLICT OF LAW ANALYSIS, THE SUBSTANTIVE LAW OF SOME OTHER JURISDICTION WOULD ORDINARILY APPLY. 
 (d) Whenever the context requires, the gender of all words used herein shall include the masculine, feminine and neuter, and the number of all words
shall include the singular and plural. 
 (e) This Agreement shall be binding upon the Company, the Apollo Group, the GE Holder, the
Management Holders, any other Holders, any spouses of individual Holders, and their respective heirs, executors, administrators and permitted successors and assigns. 
  

 -32- 

 (f) This Agreement may be amended or waived from time to time by an instrument in writing signed by the
Company and the Apollo Group; provided, however, that if an amendment or waiver would disproportionately adversely affect the rights or obligations of (i) the Management Holders as a group, such instrument in writing shall also
require the signatures of Management Holders who hold at least a majority of the outstanding shares of Common Stock owned by all Management Holders as of the date of such amendment or waiver, or (ii) the GE Holder, such instrument in writing
shall also require the signature of the GE Holder. Notwithstanding the foregoing, if the Company issues a new class of capital stock, the Company may in good faith amend the terms of this Agreement to reflect such issuance and apply the terms of
this Agreement to such new class of capital stock so long as such amendment does not disproportionately adversely affect the GE Holder. 
 (g) This Agreement shall terminate automatically upon the earlier to occur of: (i) the dissolution of the Company (unless the Company continues to exist after such dissolution as a limited liability company or in another form, whether
incorporated in Delaware or in another jurisdiction), or (ii) the consummation of a Control Disposition; provided, however, that if Registrable Securities have been registered pursuant to Sections 4 or 5 hereof prior to
such termination, Section 5(g) shall survive such termination. 
 (h) Any Holder who disposes of all of his, her or its Common
Stock in conformity with the terms of this Agreement shall have no further rights hereunder other than rights to indemnification under Section 5, if applicable (it being understood and agreed, for the avoidance of doubt, that the obligations
and restrictions under Section 9 hereof shall continue to apply to a Management Holder after such disposition in accordance with the terms of Section 9). 
 (i) The spouses of the individual Holders are fully aware of, understand and fully consent and agree to the provisions of this Agreement and its binding
effect upon any community property interests or similar marital property interests in the Common Stock or other Company securities they may now or hereafter own, and agree that the termination of their marital relationship with any Holder for any
reason shall not have the effect of removing any Common Stock or other securities of the Company otherwise subject to this Agreement from the coverage of this Agreement and that their awareness, understanding, consent and agreement are evidenced by
their signing this Agreement. Furthermore, each individual Holder agrees to cause his or her spouse (and any subsequent spouse) to execute and deliver, upon the request of the Company, a counterpart of this Agreement, or an Adoption Agreement
substantially in the form of Exhibit A or in a form satisfactory to the Company. 
 (j) Each party to this Agreement acknowledges that
a remedy at law for any breach or attempted breach of this Agreement will be inadequate, agrees that each other party to this Agreement shall be entitled to specific performance and injunctive and other equitable relief in case of any such breach or
attempted breach and further agrees to waive (to the extent legally permissible) any legal conditions required to be met for the obtaining of any such injunctive or other equitable relief (including posting any bond in order to obtain equitable
relief). 
  

 -33- 

 (k) This Agreement may be executed simultaneously in two or more counterparts, any one of which need not
contain the signatures of more than one party, but all such counterparts taken together will constitute one and the same agreement. It shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart.
The failure of any Holder to execute this Agreement does not make it invalid as against any other Holder. 
 (l) Whenever possible, each
provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule
in any jurisdiction, such invalidity, illegality or unenforceability will not affect any other provision or any other jurisdiction, and such invalid, illegal or otherwise unenforceable provisions shall be null and void as to such jurisdiction. It is
the intent of the parties, however, that any invalid, illegal or otherwise unenforceable provisions be automatically replaced by other provisions which are as similar as possible in terms to such invalid, illegal or otherwise unenforceable
provisions but are valid and enforceable to the fullest extent permitted by law. 
 (m) Each party hereto shall do and perform or cause to be
done and performed all such further acts and things and shall execute and deliver all such other agreements, certificates, instruments, and other documents as any other party hereto reasonably may request in order to carry out the provisions of this
Agreement and the consummation of the transactions contemplated hereby. 
 (n) The parties to this Agreement agree that jurisdiction and
venue in any action brought by any party hereto pursuant to this Agreement shall exclusively and properly lie in the Delaware Chancery Court located in Wilmington, Delaware, or (in the event that such court denies jurisdiction) any federal or state
court located in the State of Delaware. By execution and delivery of this Agreement each party hereto irrevocably submits to the jurisdiction of such courts for himself and in respect of his property with respect to such action. The parties hereto
irrevocably agree that venue for such action would be proper in such court, and hereby waive any objection that such court is an improper or inconvenient forum for the resolution of such action. The parties further agree that the mailing by
certified or registered mail, return receipt requested, of any process required by any such court shall constitute valid and lawful service of process against them, without necessity for service by any other means provided by statute or rule of
court. 
 (o) No course of dealing between the Company, its Subsidiaries, and the Holders (or any of them) or any delay in exercising any
rights hereunder will operate as a waiver of any rights of any party to this Agreement. The failure of any party to enforce any of the provisions of this Agreement will in no way be construed as a waiver of such provisions and will not affect the
right of such party thereafter to enforce each and every provision of this Agreement in accordance with its terms. 
 (p) BECAUSE DISPUTES
ARISING IN CONNECTION WITH COMPLEX FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY 

  

 -34- 

 
(RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE, APPLYING SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST
COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT OR PROCEEDING BROUGHT TO ENFORCE OR DEFEND ANY RIGHT OR REMEDIES UNDER THIS AGREEMENT OR ANY DOCUMENTS ENTERED INTO IN
CONNECTION WITH THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREIN. 
 (q) Except as otherwise expressly provided herein, this Agreement
sets forth the entire agreement of the parties hereto as to the subject matter hereof and supersedes all previous agreements among all or some of the parties hereto, whether written, oral or otherwise, as to such subject matter. Unless otherwise
provided herein, any consent required by the Company may be withheld by the Company in its sole discretion. 
 (r) Except as otherwise
expressly provided herein, no Person not a party to this Agreement, as a third party beneficiary or otherwise, shall be entitled to enforce any rights or remedies under this Agreement. 
 (s) If, and as often as, there are any changes in the Common Stock by way of stock split, stock dividend, combination or reclassification, or through
merger, consolidation, reorganization or recapitalization, or by any other means, appropriate adjustment shall be made in the provisions of this Agreement, as may be required, so that the rights, privileges, duties and obligations hereunder shall
continue with respect to the Common Stock as so changed. 
 (t) No officer or director of the Company shall be personally liable to the
Company or any Holder as a result of any acts or omissions taken under this Agreement in good faith. 
 (u) In the event of any amendment or
material waiver of this Agreement, the Company shall provide the Holders with a written notice of such amendment or waiver, with such notice conforming to the requirements set forth in Section 11 above. A copy of this Agreement and of all
amendments hereto shall be filed and maintained at the principal offices of the Company. 
 (v) In the event additional shares of Common
Stock are issued by the Company to a Holder at any time during the term of this Agreement, either directly or upon the exercise or exchange of securities of the Company exercisable for or exchangeable into shares or Common Stock, such additional
shares of Common Stock, as a condition to their issuance, shall become subject to the terms and provisions of this Agreement. 
 (w)
Notwithstanding anything to the contrary contained herein, but subject to Section 3, the Apollo Group may assign its rights or obligations, in whole or in part, under this Agreement to one or more of its Affiliates and the GE Holder may assign
its rights and obligations, in whole or in part, under this Agreement to one or more controlled Affiliates of GE if a Disposition to such controlled Affiliate(s) would be permitted by (and subject to the same terms and conditions as)
Section 3(a). 
 *    *    *    *    * 
  

 -35- 

 This Agreement is executed by the Company and by each Holder and spouse of each Management Holder to be
effective as of the date first above written. 
  

			
	MOMENTIVE PERFORMANCE MATERIALS HOLDINGS INC.
		
	By:	 	 /s/ Steve Delarge

	Name:	 	Steve Delarge
	Title:	 	Chief Financial Officer
	
	AP MOMENTIVE HOLDINGS LLC
		
	By:	 	 /s/ Scott Kleinman

	Name:	 	Scott Kleinman
	Title:	 	Vice President
	
	APOLLO INVESTMENT FUND VI, L.P.
		
	By:	 	Apollo Advisors VI, L.P.,
		 	its general partner
		
	By:	 	Apollo Capital Management VI, LLC,
		 	its general partner
		
	By:	 	 /s/ Scott Kleinman

	Name:	 	Scott Kleinman
	Title:	 	Vice President
	
	GE CAPITAL EQUITY INVESTMENTS, INC.
		
	By:	 	 /s/ Sherwood P. Dodge

	Name:	 	Sherwood P. Dodge
	Title:	 	Senior Managing Director

 This Agreement is executed by the Company and by each Holder and spouse of each Management Holder to be
effective as of the date first above written. 
  

	
	  

	Name of Holder: [NAME]
	
	  

	Name of Spouse:

  
  

 EXHIBIT A 
 ADOPTION AGREEMENT 
 This Adoption Agreement (“Adoption”) is executed pursuant to
the terms of the Securityholders Agreement dated as of the Original Issue Date, a copy of which is attached hereto (the “Securityholders Agreement”), by the transferee or the recipient of an issuance by the Company, as applicable,
(“Transferee”) executing this Adoption. By the execution of this Adoption, the Transferee agrees as follows: 
 1.
Acknowledgement. Transferee acknowledges that Transferee is acquiring certain shares of Common Stock of Momentive Performance Materials Holdings Inc., a Delaware corporation (the “Company”), subject to the terms and
conditions of the Securityholders Agreement, among the Company and the Holders party thereto. Capitalized terms used herein without definition are defined in the Securityholders Agreement and are used herein with the same meanings set forth therein.

 2. Agreement. Transferee (i) agrees that the shares of Common Stock acquired by Transferee, and certain other shares of Common
Stock that may be acquired by Transferee in the future, shall be bound by and subject to the terms of the Securityholders Agreement, pursuant to the terms thereof, (ii) hereby adopts the Securityholders Agreement with the same force and effect
as if he or it were originally a party thereto and (iii) agrees that Transferee shall be deemed to be a [insert one or more of “Management Holder,” “GE Holder,” “Other Holder” or “Holder,” as applicable]
for purposes of the Securityholders Agreement. 
 3. Notice. Any notice required as permitted by the Securityholders Agreement shall
be given to Transferee at the address listed below Transferee’s signature. 
 4. Law. THIS ADOPTION WILL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW OR CONFLICTING PROVISION OR RULE (WHETHER OF THE STATE OF DELAWARE OR ANY OTHER JURISDICTION) THAT WOULD CAUSE THE LAWS OF ANY JURISDICTION
OTHER THAN THE STATE OF DELAWARE TO BE APPLIED. IN FURTHERANCE OF THE FOREGOING, THE INTERNAL LAW OF THE STATE OF DELAWARE WILL CONTROL THE INTERPRETATION AND CONSTRUCTION OF THIS ADOPTION, EVEN IF UNDER SUCH JURISDICTION’S CHOICE OF LAW OR
CONFLICT OF LAW ANALYSIS, THE SUBSTANTIVE LAW OF SOME OTHER JURISDICTION WOULD ORDINARILY APPLY. 
 5. Joinder. The spouse of the
undersigned Transferee, if applicable, executes this Adoption to acknowledge its fairness and that it is in such spouse’s best interest, and to bind such spouse’s community interest, if any, in the shares of Common Stock and other
securities referred to above and in the Securityholders Agreement, to the terms of the Securityholders Agreement. 
  

 Exhibit A-1 

 IN WITNESS WHEREOF, the undersigned has executed this Adoption Agreement as of the date written below.

 Date:                     
    ,              
  

			
	[NAME]
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	Address for Notices:

  

 Exhibit A-2

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