Document:

EX-10.3

 Exhibit 10.3 
 LOAN AND SECURITY AGREEMENT 
 LOAN AND SECURITY AGREEMENT (this
“Agreement”) dated as of March 26, 2013 (the “Effective Date”) among HSBC BANK, USA, NATIONAL ASSOCIATION, a national banking association, and SOLAZYME, INC., a Delaware corporation
(“Borrower”). The parties agree as follows: 
  

	 	1	ACCOUNTING AND OTHER TERMS; DEFINITIONS 

 1.1 Accounting and Other Terms. As used in this Agreement, the Revolving Note, any other Loan Document, or any certificate, report or other document made or delivered pursuant to this Agreement,
accounting terms not defined in Section 1.2 or elsewhere in this Agreement and accounting terms partly defined in Section 1.2 to the extent not defined, shall have the respective meanings given to them under GAAP. If at any time any change
in GAAP would affect the computation of any financial ratio set forth in any Loan Document, and Borrower or HSBC shall so request, HSBC and Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent
thereof in light of such change in GAAP (subject to approval by HSBC and Borrower); provided that, until so amended, such ratio shall continue to be computed in accordance with GAAP prior to such change therein, and Borrower shall provide to
HSBC within five days after delivery of each certificate or financial report required hereunder that is affected thereby a written statement of a Responsible Officer of Borrower setting forth in reasonable detail the differences (including any
differences that would affect any calculations relating to the financial covenants) that would have resulted if such financial statements had been prepared giving effect to such change. Capitalized terms not otherwise defined in this Agreement shall
have the meanings set forth in Section 1.2. All other terms contained in this Agreement, unless otherwise indicated, shall have the meaning provided by the Code to the extent such terms are defined therein. 

The terms “herein”, “hereof” and “hereunder” and other words of similar import refer to this Agreement as a
whole and not to any particular section, paragraph or subdivision. Each reference to a Section, an Exhibit or a Schedule shall be deemed to refer to a Section, an Exhibit or a Schedule, as applicable, of this Agreement, as modified or supplemented
pursuant to the terms hereof. Any pronoun used shall be deemed to cover all genders. Wherever appropriate in the context, terms used herein in the singular also include the plural and vice versa. All references to statutes (including
the Code) and related regulations shall include any amendments of same and any successor statutes and regulations. Unless otherwise provided, all references to any instruments or agreements to which HSBC is a party, including, without limitation,
references to any of the other Loan Documents, shall include any and all modifications or amendments thereto and any and all extensions or renewals thereof. All references herein to the time of day shall mean the time in New York. A Default or Event
of Default shall be deemed to exist at all times during the period commencing on the date that such Default or Event of Default occurs to the date on which such Default or Event of Default is waived in writing pursuant to this Agreement or, in the
case of a Default that is capable of being cured, is cured within any period of cure expressly provided for in this Agreement; and an Event of Default shall “continue” or be “continuing” until such Event of Default has been so
cured or waived in writing by HSBC. Wherever the phrase “to the best of Borrower’s knowledge” or words of similar import relating to the knowledge or the awareness of Borrower are used in this Agreement or other Loan Documents, such
phrase shall mean and refer to (i) the actual knowledge of a senior officer of Borrower or (ii) the knowledge that a senior officer would have obtained if he had engaged in good faith and diligent performance of his duties, including the
making of such reasonably specific inquiries as may be necessary of the employees or agents of Borrower and a good faith attempt to ascertain the existence or accuracy of the matter to which such phrase relates. 

1.2 Definitions. As used in the Loan Documents, the word “shall” is mandatory, the word “may” is permissive,
the word “or” is not exclusive, the words “includes” and “including” are not limiting, the singular includes the plural, and numbers denoting amounts that are set off in brackets are negative. As used in this Agreement,
the following capitalized terms have the following meanings: 
 “Account” is any “account” as defined
in the Code with such additions to such term as may hereafter be made, and includes, without limitation, all accounts receivable and other sums owing to Borrower. 
 “Account Debtor” is any “account debtor” as defined in the Code with such additions to such term as may hereafter be made. 

“Adjusted LIBO Rate” shall mean, with respect to any Eurodollar Advance for any Interest Period, a rate of interest
equal to: 

 (a) the offered rate for deposits in U.S. dollars in the London interbank market for the
relevant Interest Period which is shown on the Reuters “LIBOR01” screen (or any successor thereto) that displays the average British Bankers Association Interest Settlement Rate for deposits in Dollars (for delivery on the first day of
such Interest Period) as of 11:00 a.m. (London time) on the day which is two (2) Business Days prior to the first day of such Interest Period for a term comparable to such Interest Period; provided, however, that if, for any
reason, such a rate is not published by the British Bankers’ Association or available on the Reuters Screen LIBO Page, Adjusted LIBO Rate shall be equal to a rate per annum equal to the average rate (rounded upwards, if necessary, to the next
1/100 of 1%) at which HSBC determines that U.S. dollars in an amount comparable to the amount of the applicable Advances are being offered to prime banks at approximately 11:00 a.m. (London time) on the day which is two (2) Business Days prior
to the first day of such Interest Period for a term comparable to such Interest Period for settlement in immediately available funds by leading banks in the London interbank market selected by HSBC; divided by  

(b) a number equal to 1.0 minus the aggregate (but without duplication) of the rates (expressed as a decimal fraction) of reserve
requirements in effect on the day which is two (2) Business Days prior to the beginning of such Interest Period (including, without limitation, basic, supplemental, marginal and emergency reserves under any regulations of the Board of Governors
of the Federal Reserve System or other governmental authority having jurisdiction with respect thereto, as now and from time to time in effect) for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D
of such Board) which are required to be maintained by a member bank of the Federal Reserve System (the “Euro-Rate Reserve Percentage”); such rate (if greater than zero) to be rounded upward to the next whole multiple of one-sixteenth of
one percent (0.0625%). 
 “Advance” or “Advances” means an advance (or advances) under the
Revolving Line and Letters of Credit. 
 “Affiliate” is, with respect to any Person, each other Person that
owns or controls directly or indirectly the Person, any Person that controls or is controlled by or is under common control with the Person. 
 “Agreement” is defined in the preamble hereof. 

“Availability Amount” is (a) the Revolving Line, minus (b) the amount of all outstanding Letters
of Credit (including drawn but unreimbursed Letters of Credit), and minus (c) the outstanding principal balance of any Advances. 
 “Base Rate” shall mean a variable rate of interest per annum equal to the highest of the “prime rate,” “reference rate,” “base rate” or other similar rate as
announced from time to time by HSBC (with the understanding that any such rate may merely be a reference rate and may not necessarily represent the lowest or best rate actually charged to any customer by HSBC), such rate to be adjusted
automatically, without notice, on the effective date of any change in such rate. 
 “Base Rate Advance” means
an Advance that bears interest based at the Base Rate. 
 “Base Rate Margin” means the applicable rate per
annum corresponding to Pricing Liquidity, all as set forth in the following table: 
  

			
	 Pricing Liquidity
	  	 Base Rate Margin

	< $50,000,000	  	0.50%
	> $50,000,000, but < $75,000,000	  	0.75%
	> $75,000,000	  	1.00%

 “BNDES Guarantee” means the guarantee issued by HSBC Bank Brasil S.A. in satisfaction of
the bank guarantee required by the Banco Nacional de Desenvolvimento Econômico e Social (“BNDES”) in Brazil for the account of the Borrower’s joint venture, Solazyme Bunge Produtos Renováveis Ltda. 

  
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 “Borrower” is defined in the preamble hereof. 

“Borrower’s Books” are all Borrower’s books and records including ledgers, federal and state tax returns,
records regarding Borrower’s assets, liabilities, the Collateral, if any, business operations or financial condition, and all computer programs or storage or any equipment containing such information. 

“Borrowing Resolutions” are, with respect to any Person, those resolutions adopted by such Person’s Board of
Directors and delivered by such Person to HSBC approving the Loan Documents to which such Person is a party and the transactions contemplated thereby, together with a certificate executed by its Secretary, Assistant Secretary or authorized officer
on behalf of such Person certifying that (a) such Person has the authority to execute, deliver, and perform its obligations under each of the Loan Documents to which it is a party, (b) that attached as Exhibit A to such certificate is a
true, correct, and complete copy of the resolutions then in full force and effect authorizing and ratifying the execution, delivery, and performance by such Person of the Loan Documents to which it is a party, (c) the name(s) of the Person(s)
authorized to execute the Loan Documents on behalf of such Person, together with a sample of the true signature(s) of such Person(s), and (d) that HSBC may conclusively rely on such certificate unless and until such Person shall have delivered
to HSBC a further certificate canceling or amending such prior certificate. 
 “Business Day” is any day
that is not a Saturday, Sunday or other day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close, except that if any determination of a “Business Day” shall relate
to a Eurodollar Advance, the term “Business Day” shall also mean a day on which dealings are carried on in the London interbank market. 
 “Cash” means unrestricted cash which shall not be subject to any Lien other than a Lien in favor of HSBC. 
 “Cash Equivalents” means (a) marketable securities issued, or directly, unconditionally and fully guaranteed or insured, by the United States or any agency or instrumentality thereof
(provided that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than one (1) year from the date of acquisition by such person, (b) time deposits and certificates of deposit of HSBC
or any commercial bank having, or which is the principal banking subsidiary of a bank holding company organized under the laws of the United States, any state thereof or the District of Columbia having, capital and surplus aggregating in excess of
$250,000,000 and a rating of “A” (or such other similar equivalent rating) or higher by at least one nationally recognized statistical rating organization (as defined in Rule 436 under the Securities Act) with maturities of not more than
one year from the date of acquisition by such person, (c) repurchase obligations with a term of not more than 30 days for underlying securities of the types described in clause (a) above entered into with any person meeting the
qualifications specified in clause (b) above, (d) commercial paper having one of the two highest ratings obtainable from S&P or Moody’s, in each case maturing not more than one year after the date of acquisition by such person,
(e) investments in money market funds at least 95% of whose assets are comprised of securities of the types described in clauses (a) through (d) above, and (f) demand deposit accounts maintained in the ordinary course of business
with any bank meeting the qualifications specified in clause (b) above. 
 “CFC” means (a) each
Person that is a “controlled foreign corporation” for purposes of the US Internal Revenue Code and (b) each subsidiary of any such controlled foreign corporation. 

“CFC Holding Company” means a Subsidiary of Borrower substantially all of the assets of which consist of Equity
Interests in CFCs. 
 “Change in Control” means any event, transaction, or occurrence as a result of which
(a) any “person” (as such term is defined in Sections 3(a)(9) and 13(d)(3) of the Exchange Act), other than a trustee or other fiduciary holding securities under an employee benefit plan of Borrower, is or becomes a beneficial owner
(within the meaning Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of securities of Borrower, representing 40% or more of the combined voting power of Borrower’s then outstanding securities; or (b) during any
period of twelve consecutive calendar months, individuals who at the beginning of such period constituted the Board of Directors of Borrower (together with any new directors whose election by the Board of Directors of Borrower was approved by a vote
of not less than a majority of the directors then still in office who either were directors at the beginning of such period or whose election or nomination for election was previously so approved) cease for any reason other than death or disability
to constitute a majority of the directors then in office. 

  
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 “Change in Law” means the occurrence after the date of this Agreement of
any of the following: (a) the adoption or taking effect of any treaty, law, rule or regulation, (b) any change in any treaty, law, rule or regulation or in the interpretation or application thereof by any Governmental Authority, or
(c) the making or issuance of any request, guideline, requirement or directive (whether or not having the force of law) by any Governmental Authority; provided, however, that notwithstanding anything herein to the contrary, (i) the
Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in implementation thereof, and (ii) all requests, rules, guidelines,
requirements and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to
Basel III, shall in each case be deemed to be a “Change in Law,” regardless of the date enacted, adopted, issued or implemented. For purposes of this definition references to HSBC also shall include any corporation or bank directly or
indirectly controlling HSBC. 
 “Code” is the Uniform Commercial Code, as the same may, from time to time, be
enacted and in effect in the State of New York; provided, that, to the extent that the Code is used to define any term herein or in any Loan Document and such term is defined differently in different Articles or Divisions of the Code, the
definition of such term contained in Article 9 shall govern; provided further, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection, or priority of, or remedies with respect to,
HSBC’s Lien on any Collateral is governed by the Uniform Commercial Code in effect in a jurisdiction other than the State of New York, the term “Code” shall mean the Uniform Commercial Code as enacted and in effect in such
other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority, or remedies and for purposes of definitions relating to such provisions. 

“Collateral is any and all properties, rights and assets of Borrower described on Exhibit B. 

“Collateral Account” is any Deposit Account, Securities Account, or Commodity Account. 

“Committed Availability” means, as the date of determination, an amount equal to the Availability Amount. 

“Commodity Account” is any “commodity account” as defined in the Code with such additions to such terms as may
hereafter be made. 
 “Compliance Certificate” is that certain certificate in the form attached hereto as
Exhibit C. 
 “Contingent Obligation” is, for any Person, any direct or indirect liability, contingent
or not, of that Person for (a) any Indebtedness under clauses (a) through (e) of the definition thereof of another Person; (b) any obligations for undrawn letters of credit for the account of that Person; and (c) all
obligations from any interest rate, currency or commodity swap agreement, interest rate cap or collar agreement, or other agreement or arrangement designated to protect a Person against fluctuation in interest rates, currency exchange rates or
commodity prices (in each case, a “Hedging Obligation”); but “Contingent Obligation” does not include endorsements in the ordinary course of business. The amount of a Contingent Obligation is the stated or determined
amount of the primary obligation for which the Contingent Obligation is made or, if not determinable, the maximum reasonably anticipated liability for it determined by the Person in good faith; but the amount may not exceed the maximum of the
obligations under any guarantee or other support arrangement. 
 “Control Agreement” is any control agreement
entered into among the depository institution at which Borrower maintains a Deposit Account or the securities intermediary or commodity intermediary at which Borrower maintains a Securities Account or a Commodity Account, Borrower, and HSBC pursuant
to which HSBC obtains control (within the meaning of the Code) over such Deposit Account, Securities Account, or Commodity Account. 
 “Copyrights” are any and all copyright rights, copyright applications, copyright registrations and like protections in each work or authorship and derivative work thereof, whether
published or unpublished and whether or not the same also constitutes a trade secret. 
 “Credit Extension” is
any Advance or any other extension of credit by HSBC for Borrower’s benefit. 
 “Credit Party” means
Borrower and each of Borrower’s Subsidiaries. 

  
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 “Default” shall mean an event which, with the giving of notice or passage
of time or both, would constitute an Event of Default. 
 “Default Rate” is defined in Section 2.3(c).

 “Deposit Account” is any “deposit account” as defined in the Code with such additions to such term
as may hereafter be made. 
 “Designated Deposit Account” is Borrower’s Deposit Account, account number
048387851, maintained with HSBC. 
 “Diligence Certificate” is defined in Section 5.1. 

“Dollars,” “dollars” or use of the sign “$” means only lawful
money of the United States and not any other currency, regardless of whether that currency uses the “$” sign to denote its currency or may be readily converted into lawful money of the United States. 

“Dollar Equivalent” is, at any time, (a) with respect to any amount denominated in Dollars, such amount, and
(b) with respect to any amount denominated in a Foreign Currency, the equivalent amount therefor in Dollars as determined by HSBC at such time on the basis of the then-prevailing rate of exchange in New York, New York for sales of the Foreign
Currency for transfer to the country issuing such Foreign Currency. 
 “Domestic Subsidiary” means a Subsidiary
organized under the laws of the United States or any state thereof or the District of Columbia. 
 “Effective
Date” is defined in the preamble hereof. 
 “Eligible Assignee” shall mean (a) HSBC; (b) an
Affiliate of a HSBC; (c) any bank of similar regulated financial institution or finance company that is engaged in the business of making commercial loans or similar extensions of credit in the ordinary course of its business; or (d) after
an Event of Default has occurred and is continuing, any other Person (other than a natural person) approved by HSBC in its sole discretion. 
 “Equipment” is all “equipment” as defined in the Code with such additions to such term as may hereafter be made, and includes without limitation all machinery, fixtures, goods,
vehicles (including motor vehicles and trailers), and any interest in any of the foregoing. 
 “Equity
Interests” means shares of capital stock, partnership interests, membership interests, beneficial interests or other ownership interests, whether voting or nonvoting, in, or interests in the income or profits of, a Person, and any warrants,
options or other rights entitling the holder thereof to purchase or acquire any of the foregoing. 
 “ERISA” is
the Employee Retirement Income Security Act of 1974, and its regulations. 
 “Eurodollar Advance” means an
Advance that bears interest based at the Eurodollar Rate. 
 “Eurodollar Rate” means for any Eurodollar Advance
for the then current Interest Period relating thereto the rate per annum (such Eurodollar Rate to be adjusted to the next higher 1/100 of 1%) equal to the Adjusted LIBO Rate. 
 “Eurodollar Rate Margin” means the applicable rate per annum corresponding to Pricing Liquidity, all as set forth in the following table: 

 

			
	 Pricing Liquidity
	  	 Eurodollar Rate Margin

	< $50,000,000	  	2.50%
	> $50,000,000, but < $75,000,000	  	2.25%
	>$75,000,000	  	2.00%

  
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 “Euro-Rate Reserve Percentage” shall have the meaning set forth in the
definition of Adjusted LIBO Rate. 
 “Event of Default” is defined in Section 8. 

“Exchange Act” is the Securities Exchange Act of 1934, as amended. 

“Excluded Assets” means (i) any US Agency Grant Funds, any Collateral Accounts holding US Agency Grant Funds, any
assets purchased (including by reimbursing Borrower for such purchases) in whole or in part with US Agency Grant Funds, any inventory produced with equipment purchased (including by reimbursing Borrower for such purchases) in whole or in part with
US Agency Grant Funds and any revenues produced from any of the foregoing and any proceeds of the foregoing, and (ii) any assets subject to Liens permitted pursuant to clause (p) of the definition of “Permitted Liens”; provided,
however, in no event will “Excluded Assets” include any domestic operating and other deposit accounts and securities accounts maintained with HSBC and HSBC’s Affiliates. 

“Excluded Taxes” means any of the following: (a) taxes imposed on or measured by net income (however denominated),
franchise taxes, and branch profits taxes imposed as a result of a present or former connection between HSBC and the jurisdiction imposing such tax (other than connections solely arising from HSBC having executed, delivered, become a party to,
performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document), (b) U.S. federal withholding taxes imposed pursuant to a law
in effect on the date on which HSBC changes its lending office, except to the extent that, pursuant to Section 3.6(a)(i) amounts with respect to such taxes were payable to HSBC immediately before it changed its lending office, (c) taxes
attributable to HSBC’s failure to comply with Section 3.7 and (d) any U.S. federal withholding taxes imposed under FATCA. 
 “FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not
materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code. 

“Foreign Currency” means lawful money of a country other than the United States. 

“Foreign Subsidiary” means any Subsidiary which is not a Domestic Subsidiary. 

“Funding Date” is any date on which an Advance is made to or for the account of Borrower, which shall be a Business Day.

 “GAAP” shall mean generally accepted accounting principles in the United States of America in effect from
time to time. 
 “General Intangibles” is all “general intangibles” as defined in the Code in effect
on the date hereof with such additions to such term as may hereafter be made, and includes without limitation, all Intellectual Property, claims, income and other tax refunds, security and other deposits, payment intangibles, contract rights,
options to purchase or sell real or personal property, rights in all litigation presently or hereafter pending (whether in contract, tort or otherwise), insurance policies (including without limitation key man, property damage, and business
interruption insurance), payments of insurance and rights to payment of any kind. 
 “Governmental Approval” is
any consent, authorization, approval, order, license, franchise, permit, certificate, accreditation, registration, filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority. 

“Governmental Authority” is any nation or government, any state or other political subdivision thereof, any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, 

  
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legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government, any securities exchange and any self-regulatory organization. 

“Grant Effective Date” is defined in Section 4.1 hereof. 

“Hedging Obligation” is defined in the definition of “Contingent Obligation.” 

“HSBC” means HSBC Bank, USA, National Association, a national banking association, and for purposes of issuing Letters
of Credit, any of its Affiliates. 
 “HSBC Expenses” are all audit and field exam fees and expenses, costs, and
expenses (including reasonable attorneys’ fees and expenses) for preparing, amending, negotiating, administering, defending and enforcing the Loan Documents (including, without limitation, those incurred in connection with appeals or Insolvency
Proceedings) or otherwise incurred with respect to Borrower. 
 “Indebtedness” is (a) indebtedness for
borrowed money or the deferred price of property or services, (b) reimbursement and other obligations for surety bonds and letters of credit, (c) obligations evidenced by notes, bonds, debentures or similar instruments, (d) capital
lease obligations, and (e) Contingent Obligations. 
 “Indenture” means that certain Indenture dated as of
January 24, 2013 by and between Borrower and Wells Fargo Bank, National Association, as Trustee, in connection with Borrower’s 6% Convertible Senior Subordinated Notes due 2018. 

“Insolvency Proceeding” is any proceeding by or against any Person under the United States Bankruptcy Code, or any other
bankruptcy or insolvency law, including assignments for the benefit of creditors, compositions, extensions generally with its creditors, or proceedings seeking dissolution, liquidation, reorganization, arrangement, or other relief. 

“Intellectual Property” means all of Borrower’s right, title, and interest in and to the following: 

(a) its Copyrights, Trademarks and Patents; 
 (b) any and all trade secrets and trade secret rights, including, without limitation, any rights to unpatented inventions, know-how, operating manuals; 

(c) any and all source code; 
 (d) any and all design rights; 
 (e) any and all claims for damages by way of
past, present and future infringement of any of the foregoing, with the right, but not the obligation, to sue for and collect such damages for said use or infringement of the Intellectual Property rights identified above; 

(f) All licenses or other rights to use any of the Copyrights, Patents or Trademarks, and all license fees and royalties arising from
such use to the extent permitted by such license or rights; 
 (g) All amendments, renewals and extensions of any of the
Copyrights, Trademarks or Patents; and 
 (h) All proceeds and products of the foregoing, including without limitation all
payments under insurance or any indemnity or warranty payable in respect of any of the foregoing. 
 “Interest Payment
Date” means, (i) with respect to any Eurodollar Advance, the last day of each Interest Period applicable to such Eurodollar Advance and, (ii) with respect to any Base Rate Advance, the first day of each calendar month (or, if that
day of the calendar month does not fall on a Business Day, then on the first Business Day following such date) and each date a Base Rate Advance is converted into a Eurodollar Advance to the extent of the amount converted to a Eurodollar Advance.

  
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 “Interest Period” shall mean, with respect to any Eurodollar Advance, the
period commencing on the date such Advance is made as, renewed as or converted into a Eurodollar Advance and ending on the date one, two or three months thereafter as selected by Borrower pursuant to the provisions below and, thereafter, each
subsequent period commencing on the last day of the immediately preceding Interest Period and ending on the last day of such period, as selected by Borrower pursuant to the provisions below. The duration of each Interest Period for any Eurodollar
Advance shall be for a number of months selected by Borrower upon notice as set forth in Section 3.5; provided that: 
 (i) whenever the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period shall occur on the next succeeding Business Day;
provided, that if such extension of time would cause the last day of such Interest Period to occur in the next following calendar month, the last day of such Interest Period shall occur on the last Business Day immediately preceding the last
day of such Interest Period; and 
 (ii) if Borrower renews any Eurodollar Advance for an additional Interest Period, the first
day of the new Interest Period shall be the last day of the preceding Interest Period; however, interest shall only be charged once for such day at the rate applicable to the Eurodollar Advance for the new Interest Period. 

“Inventory” is all “inventory” as defined in the Code in effect on the date hereof with such additions to such
term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as is temporarily out
of Borrower’s custody or possession or in transit and including any returned goods and any documents of title representing any of the above. 
 “Investment” is any beneficial ownership interest in any Person (including stock, partnership interest or other securities), and any loan, advance or capital contribution to, or guarantee
or assumption of debt of, any Person. 
 “Letter of Credit” means a letter of credit issued by HSBC as set
forth in Section 2.1.2. 
 “Letter of Credit Application” is defined in Section 2.1.2(b). 

“Letter of Credit Reserve” is defined in Section 2.1.2(e). 

“Lien” is a claim, mortgage, deed of trust, levy, charge, pledge, security interest or other encumbrance of any kind,
whether voluntarily incurred or arising by operation of law or otherwise against any property. 
 “Loan
Documents” are, collectively, this Agreement, the Diligence Certificate, the Revolving Note, any other note or notes or guaranties executed by Borrower or any Guarantor, and any other present or future agreement between Borrower any
Guarantor and/or for the benefit of HSBC in connection with this Agreement, all as amended, restated, or otherwise modified. 

“Material Adverse Change” is (a) a material impairment in the perfection or priority of HSBC’s Lien in the
Collateral on or after the Grant Effective Date; (b) a material adverse change in the business, operations, or condition (financial or otherwise) of Borrower and its consolidated Subsidiaries, taken as a whole; or (c) a material impairment
of the prospect of repayment of any portion of the Obligations. 
 “Notice of Borrowing” means a notice given
by Borrower to HSBC in accordance with Section 3.5(b), substantially in the form of Exhibit D, with appropriate insertions. 
 “Notice of Conversion” means a notice given by Borrower to HSBC in accordance with Section 3.5(g), substantially in the form of Exhibit E, with appropriate insertions.

 “Obligations” are Borrower’s obligations to pay when due any debts, principal, interest, HSBC Expenses
and other amounts Borrower owes HSBC now or later, whether under this Agreement, the Loan Documents, or otherwise, including, without limitation, all obligations relating to letters of credit (including reimbursement obligations for drawn and
undrawn letters of credit), and foreign exchange contracts, if any, and including interest accruing after Insolvency Proceedings begin and debts, liabilities, or obligations of Borrower assigned to HSBC, and to perform Borrower’s duties under
the Loan Documents. 

  
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 “Operating Documents” are, for any Person, such Person’s formation
documents, as certified with the Secretary of State of such Person’s state of formation on a date that is no earlier than 30 days prior to the Effective Date, and, (a) if such Person is a corporation, its bylaws in current form,
(b) if such Person is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such Person is a partnership, its partnership agreement (or similar agreement), each of the foregoing with all
current amendments or modifications thereto. 
 “Patents” means all patents and patent applications including
without limitation, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same. 

“Peoria Equipment” is up to One Million Dollars ($1,000,000) of equipment located at Borrower’s facilities in
Peoria, Illinois. 
 “Payment Office” shall mean initially MM Customer Service Manager; MM Commercial Banking;
1 HSBC Center, 18th Fl; Buffalo, NY 14203; thereafter, such other office of HSBC, if any, which it may designate by notice to Borrower to be the Payment Office. 
 “Permitted Distributions” are: 
 (a) purchases of capital stock
from former employees, consultants and directors in an aggregate amount not to exceed Two Hundred Fifty Thousand Dollars ($250,000) in any fiscal year provided that at the time of such purchase no Event of Default has occurred and is continuing;

 (b) distributions or dividends consisting solely of Borrower’s capital stock; 

(c) purchases for value of any rights distributed in connection with any stockholder rights plan; 

(d) purchases of capital stock or options to acquire such capital stock with the proceeds received from a substantially concurrent
issuance of capital stock or convertible securities; 
 (e) purchases of capital stock pledged as collateral for loans to
employees; 
 (f) purchases of capital stock in connection with the exercise of stock options or stock appreciation rights by
way of cashless exercise or in connection with the satisfaction of withholding tax obligations; 
 (g) purchases or cash in lieu
of fractional shares of capital stock arising out of stock dividends, splits or combinations or business combinations or in connection with the issuance of warrants, options or other securities convertible or exchangeable into or exchangeable for
capital stock in Borrower; and 
 (h) conversions of any convertible securities into other securities or settlement in cash
pursuant to the terms of such convertible securities or otherwise in exchange therefor. 
 “Permitted
Indebtedness” is: 
 (a) Borrower’s Indebtedness to HSBC under this Agreement and the other Loan Documents;

 (b) Indebtedness existing on the Effective Date and shown on the Diligence Certificate (other than the SVB Indebtedness to be
paid off on or prior to the Effective Date); 
 (c) Subordinated Debt; 

(d) unsecured Indebtedness to trade creditors incurred in the ordinary course of business; 

(e) Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of business; 

(f) Indebtedness secured by Liens permitted under clauses (a) and (c) of the definition of “Permitted Liens”
hereunder; 

  
 -9-

 (g) capital lease obligations; 

(h) Indebtedness of Borrower or any Subsidiary to Borrower or any Subsidiary; 

(i) Contingent Obligations in respect of Permitted Indebtedness; 

(j) Indebtedness of any Person that becomes a Subsidiary (or of any Person not previously a Subsidiary that is merged or consolidated
with or into a Subsidiary in a transaction permitted hereunder) after the date hereof, or Indebtedness of any Person that is assumed by Borrower or any Subsidiary in connection with an acquisition of assets by Borrower or such Subsidiary in an
acquisition permitted hereunder or another Permitted Investment; provided that (i) such Indebtedness exists at the time such Person becomes a Subsidiary (or is so merged or consolidated) or such assets are acquired and is not created in
contemplation of or in connection with such Person becoming a Subsidiary (or such merger or consolidation) or such assets being acquired; (ii) neither Borrower nor any Subsidiary (other than such Person or the Person with which such Person is
merged or consolidated or that so assumes such Person’s Indebtedness) shall guarantee or otherwise become liable for the payment of such Indebtedness and (iii) so long as no Event of Default has occurred at the time of such transaction or
will occur as a result of such transaction and in the case of such transaction involving Borrower, Borrower is the surviving legal entity; 
 (k) Indebtedness owed in respect of any overdrafts and related liabilities arising from treasury, depository, credit card and cash management services or in connection with any automated clearing house
transfers of funds; provided that such Indebtedness shall be repaid in full before the same shall become delinquent; 

(l) Indebtedness in respect of letters of credit, bank guarantees and similar instruments issued for the account of Borrower or any
Subsidiary in the ordinary course of business supporting obligations under (i) workers’ compensation, unemployment insurance and other social security laws and (ii) bids, trade contracts, leases, statutory obligations, surety and
appeal bonds, performance bonds and obligations of a like nature incurred in the ordinary course of business; 
 (m)
Indebtedness of Borrower or any Subsidiary in the form of purchase price adjustments, earn-outs, non-competition agreements or other arrangements representing acquisition consideration or deferred payments of a similar nature incurred in connection
with any Permitted Investment; 
 (n) non-speculative Hedging Obligations in the ordinary course of business; 

(o) Indebtedness incurred substantially concurrently with and used to fund an acquisition permitted under Section 7.3 in an
aggregate principal amount not exceeding Forty Million Dollars ($40,000,000) so long as no Event of Default has occurred at the time of the incurrence of such Indebtedness or will occur as a result of the incurrence of such Indebtedness; 

(p) Indebtedness in respect of letters of credit in an aggregate face amount not exceeding One Million Dollars ($1,000,000); 

(q) Indebtedness in respect of lines of credit provided to Foreign Subsidiaries; 

(r) Investments permitted under clause (a) or (l) of the definition of Permitted Investments constituting Indebtedness;

 (s) other Indebtedness in an aggregate principal amount not to exceed $5,000,000 at any time outstanding; and 

(t) extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness (a) through
(s) above, provided that the principal amount thereof is not increased or the terms thereof are not modified to impose more burdensome terms upon Borrower or its Subsidiary, as the case may be; 

“Permitted Investments” are: 

  
 -10-

 (a) Investments (including, without limitation, Subsidiaries) existing on the Effective Date
and shown on the Diligence Certificate; 
 (b)(i) Investments consisting of Cash Equivalents, and (ii) any Investments
approved by Borrower’s Board of Directors or otherwise pursuant to a Board approved investment policy; 
 (c) Investments
consisting of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary course of Borrower; 
 (d) Investments consisting of Collateral Accounts, so long as on and after the Grant Effective Date, HSBC has a perfected security interest in such Collateral Accounts if and to the extent required under
Section 6.5(b); 
 (e) Investments accepted in connection with Transfers permitted by Section 7.1; 

(f) Investments (i) by Borrower in Subsidiaries, so long as such Investments are made in good faith by Borrower for bona fide
business purposes, including the establishment and operation of such Subsidiary, and (ii) by Subsidiaries in other Subsidiaries or in Borrower; 
 (g) Investments consisting of (i) travel advances and employee relocation loans and other employee loans and advances in the ordinary course of business, and (ii) loans to employees, officers or
directors relating to the purchase of equity securities of Borrower or its Subsidiaries pursuant to employee stock purchase plans or agreements approved by Borrower’s Board of Directors; 

(h) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and
in settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of business including the Transfers of accounts receivable in the ordinary course of business in connection with the
collection or compromise thereof; 
 (i) Investments consisting of extensions of credit to Borrower’s or its
Subsidiaries’ customers in the nature of accounts receivable, prepaid royalties or notes receivable in the ordinary course of business arising from the sale or lease of goods, provision of services or licensing activities; 

(j) non-speculative Hedging Obligations in the ordinary course of business; 

(k) licensing and other contributions of Intellectual Property to joint ventures, and research and/or development agreements; 

(l) additional Investments in joint ventures; 
 (m) additional Investments in strategic manufacturing collaborations with third parties, including but not limited to the existing collaboration with Archer-Daniels-Midland Company (“ADM”) at
the ADM fermentation facility in Clinton, Iowa; 
 (m) other Investments not otherwise permitted by Section 7.7 not
exceeding Five Million Dollars ($5,000,000) in the aggregate outstanding at any time; and 
 (n) Investments permitted by
Section 7.3. 
 “Permitted Liens” are: 

(a)(i) Liens existing on the Effective Date and shown on the Diligence Certificate (other than any Liens in favor of Silicon Valley Bank
relating to the SVB Indebtedness), or (ii) Liens arising under this Agreement and the other Loan Documents; 
 (b) Liens
for taxes, fees, assessments or other government charges or levies, either (i) not due and payable or (ii) being contested in good faith and for which Borrower maintains adequate reserves on Borrower’s Books, provided that no
notice of any such Lien has been filed or recorded under the Internal Revenue Code of 

  
 -11-

 
1986, as amended, and the Treasury Regulations adopted thereunder in an aggregate amount in excess of One Million Dollars ($1,000,000) and no collection proceedings with respect to such Liens
have begun against any property of Borrower (other than the filing of a notice of any such Lien or Liens); 
 (c)(i) Liens on
assets acquired or held by Borrower or any Subsidiary incurred for financing the acquisition of such assets, if the Lien is confined to the property acquired and improvements and the proceeds of such assets, or (ii) Liens existing on
assets when acquired, if the Lien is confined to the property acquired and improvements and the proceeds of such assets; 

(d) Liens of carriers, warehousemen, suppliers, or other Persons that are possessory in nature arising in the ordinary course of business
so long as such Liens are not delinquent or remain payable without penalty or which are being contested in good faith and by appropriate proceedings which proceedings have the effect of preventing the forfeiture or sale of the property subject
thereto; 
 (e) Liens to secure payment of workers’ compensation, employment insurance, old-age pensions, social security
and other like obligations incurred in the ordinary course of business (other than Liens imposed by ERISA); 
 (f) any Lien
existing on any asset of any Person that becomes a Subsidiary (or of any Person not previously a Subsidiary that is merged or consolidated with or into Borrower or a Subsidiary in a transaction permitted hereunder) after the date hereof prior to the
time such Person becomes a Subsidiary (or is so merged or consolidated); provided that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary (or such merger or
consolidation), (ii) such Lien shall not apply to any other asset of Borrower or any Subsidiary and (iii) such Lien shall secure only those obligations that it secures on the date of such acquisition or the date such Person becomes a
Subsidiary (or is so merged or consolidated); 
 (g)(i) Liens to secure Indebtedness permitted pursuant to clause (o) of
the defined term “Permitted Indebtedness”; provided, that such Lien shall only apply to the assets and capital stock of any Person being acquired and not apply to any other asset of Borrower or any Subsidiary and (ii) Liens on assets
of a Foreign Subsidiary to secure Indebtedness of such Foreign Subsidiary permitted under clause (q) of the definition of Permitted Indebtedness; 
 (h) leases or subleases of real property granted in the ordinary course of Borrower’s business (or, if referring to another Person, in the ordinary course of such Person’s business), and leases,
subleases, non-exclusive licenses or sublicenses of personal property (other than Intellectual Property) granted in the ordinary course of Borrower’s business (or, if referring to another Person, in the ordinary course of such Person’s
business), if the leases, subleases, licenses and sublicenses do not prohibit granting HSBC a security interest therein; 

(i)(1) licenses of Intellectual Property of Borrower or its Subsidiaries, and (2) other contributions of Intellectual Property to
joint ventures, research and/or development programs, material transfer agreements or evaluation agreements; 
 (j) Liens
arising from attachments or judgments, orders, or decrees in circumstances not constituting an Event of Default under Sections 8.4 and 8.7; 
 (k) Liens in favor of other financial institutions arising in connection with deposit and/or securities accounts held at such institutions, provided that on and after the Grant Effective Date, HSBC has a
first priority perfected security interest in the amounts held in such deposit and/or securities accounts if and to the extent required under Section 6.5(b); 
 (l) Liens in favor custom and revenue authorities arising as a matter of law to secure the payment of custom duties in connection with the importation of goods; 

(m) Liens in favor of HSBC arising in connection with Borrower’s Deposit and/or Securities Accounts maintained with HSBC or its
Affiliates; 
 (n) deposits to secure the performance of bids, trade contracts (other than for borrowed money), contracts for
the purchase of property, leases, statutory obligations, surety and appeal bonds, performance bonds and 

  
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other obligations of a like nature, in each case, incurred in the ordinary course of business and not representing an obligation for borrowed money; 

(o) easements, zoning restrictions, rights of way, licenses, reservations, covenants, utility easements, building restrictions and
similar encumbrances on real property imposed by law or arising in the ordinary course of business that do not secure any monetary obligations and do not materially detract from the value of the affected property or interfere with the ordinary
conduct of business of Borrower or any Subsidiary; 
 (p) any interest or title of a lessor under any capital lease; provided
that interest or title does not extend to any property other than the property leased by such lessor to Borrower or any of its Subsidiary under such capital lease; 
 (q) pledges and deposits in the ordinary course of business securing insurance premiums or reimbursement obligations under insurance policies, in each case payable to insurance carriers that provide
insurance to Borrower and any Subsidiary; 
 (r) Liens on deposit accounts, certificates of deposits or other cash or securities
pledged in an aggregate face amount not exceeding One Million Dollars ($1,000,000) to secure reimbursement obligations with respect to letters of credit which encumber documents and other property relating to letters of credit and products and
proceeds thereof; 
 (s) Liens attaching solely to cash earnest money deposits in connection with Investments permitted by
Section 7.3; 
 (t) Liens arising out of conditional sale, title retention, consignment or similar arrangements for sale of
goods entered into by Borrower or any Subsidiary in the ordinary course of business covering such goods and not prohibited by this Agreement; 
 (u) Liens securing obligations in an aggregate outstanding principal amount not exceeding $2,500,000 at any time; and 
 (v) Liens incurred in the extension, renewal or refinancing of the indebtedness secured by Liens described in (a) through (u), but any extension, renewal or replacement Lien must be limited to the
property encumbered by the existing Lien and the principal amount of the indebtedness may not increase. 
 “Permitted
Pledged Accounts” are Collateral Accounts subject to Liens permitted pursuant to the following clauses of the definition of “Permitted Liens” (f), (n), (q), (r), (s) and (u) (so long as the aggregate amount held in such
Collateral Accounts pledged pursuant to clause (u) of the definition of “Permitted Liens” does not exceed the aggregate amount of obligations so secured) and (v) (to the extent related to Liens permitted pursuant to clauses (f),
(n), (q), (r), (s) and (u)); provided, however, in no event will “Permitted Pledged Accounts” include any Collateral Accounts maintained with HSBC and HSBC’s Affiliates. 

“Person” is any individual, sole proprietorship, partnership, limited liability company, joint venture, company, trust,
unincorporated organization, association, corporation, institution, public benefit corporation, firm, joint stock company, estate, entity or government agency. 
 “Pricing Liquidity” means, as of any date of determination, the average daily balance during the most recently ended fiscal quarter of the sum of Cash and unrestricted Cash Equivalents
maintained by Borrower in Collateral Accounts at HSBC and not subject to any Lien other than a Lien in favor of HSBC . 

“Quarterly Financial Statements” is defined in Section 6.2(c). 

“Registered Organization” is any “registered organization” as defined in the Code with such additions to such
term as may hereafter be made. 
 “Regulatory Change” means, with respect to HSBC, any change on or after the
date of this Agreement in United States federal, state, or foreign laws or regulations, including Regulation D, or the adoption or making on or after such date of any interpretations, directives, or requests applying to a class of lenders including
HSBC, of or 

  
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under any United States federal or state, or any foreign laws or regulations (whether or not having the force of law) by any court or governmental or monetary authority charged with the
interpretation or administration thereof. 
 “Requirement of Law” is as to any Person, the organizational or
governing documents of such Person, and any law (statutory or common), treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable to or binding upon such Person or any of its
property or to which such Person or any of its property is subject. 
 “Reserve Requirement” means, for any
Interest Period, the average maximum rate at which reserves (including any marginal, supplemental, or emergency reserves) are required to be maintained during such Interest Period under Regulation D against “Eurocurrency liabilities” (as
such term is used in Regulation D) by member banks of the Federal Reserve System. Without limiting the effect of the foregoing, the Reserve Requirement shall reflect any other reserves required to be maintained by HSBC by reason of any Regulatory
Change against (a) any category of liabilities which includes deposits by reference to which the Eurodollar Rate is to be determined as provided in the definition of Adjusted LIBO Rate or (b) any category of extensions of credit or other
assets which include Advances. 
 “Responsible Officer” is any of the Chief Executive Officer, President, Chief
Financial Officer and Controller of Borrower. 
 “Revolving Line” is an Advance or Advances in an aggregate
principal amount up to Thirty Million Dollars ($30,000,000). 
 “Revolving Line Maturity Date” is
March 26, 2015. 
 “Revolving Note” means a Promissory Note in substantially the form of Exhibit A.

 “Securities Account” is any “securities account” as defined in the Code with such additions to
such term as may hereafter be made. 
 “SEC” shall mean the Securities and Exchange Commission, any successor
thereto, and any analogous Governmental Authority. 
 “Senior Debt” has the meaning ascribed to such term in
the Indenture. 
 “Springing Lien Event” means the occurrence and continuance of any of the following:
(a) Borrower fails or neglects to perform any obligation in Section 5.9, Section 6.6 or Section 7.12, (b) an Event of Default under Section 8.1 and Section 8.5, (c) or the representation made by Borrower in
Section 5.11 is incorrect. 
 “Subordinated Debt” is indebtedness incurred by Borrower subordinated to all
of Borrower’s now or hereafter indebtedness to HSBC (pursuant to a subordination, intercreditor, or other similar agreement in form and substance satisfactory to HSBC entered into between HSBC and the other creditor). 

“Subsidiary” is, as to any Person, a corporation, partnership, limited liability company or other entity of which shares
of stock or other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of a contingency) to elect a majority of the board of directors or other
managers of such corporation, partnership or other entity are at the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless the context otherwise
requires, each reference to a Subsidiary herein shall be a reference to a Subsidiary of Borrower. 
 “SVB
Indebtedness” means all Obligations (as defined under that certain Loan and Security Agreement dated as of May 11, 2011 between Borrower and Silicon Valley Bank, as amended from time to time). 

“Trademarks” means any trademark and servicemark rights, whether registered or not, applications to register and
registrations of the same and like protections, and the entire goodwill of the business of Borrower connected with and symbolized by such trademarks. 

  
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 “Transfer” is defined in Section 7.1. 

“USA PATRIOT Act” shall mean the Uniting and Strengthening America by Providing Appropriate Tools Required To Intercept
and Obstruct Terrorism Act of 2001, Public Law 107-56, as the same has been, or shall hereafter be renewed, extended, amended or replaced from time to time. 
 “US Agency Grant Funds” shall mean any funds provided to the Borrower or its Affiliates pursuant to a grant from any US Governmental Authority. 

 

	 	2	LOAN AND TERMS OF PAYMENT 

 2.1 Promise to Pay. Borrower hereby unconditionally promises to pay HSBC the outstanding principal amount of all Credit Extensions and accrued and unpaid interest thereon as and when due in
accordance with this Agreement. 
 2.1.1 Revolving Advances. 

(a) Availability. Subject to the terms and conditions of this Agreement (including without limitation Borrower’s compliance
with Section 6.6), HSBC shall make Advances not exceeding the Availability Amount. Amounts borrowed hereunder may be repaid and, prior to the Revolving Line Maturity Date, reborrowed, subject to the applicable terms and conditions precedent
herein. 
 (b) Termination; Repayment. The Revolving Line terminates on the Revolving Line Maturity Date, when the
principal amount of all Advances, the accrued and unpaid interest thereon, and all other Obligations relating to the Revolving Line shall be immediately due and payable (except as set forth in Section 2.1.2(b)). 

2.1.2 Letters of Credit Sublimit. 
 (a) As part of the Revolving Line, HSBC shall issue Letters of Credit denominated in Dollars or a Foreign Currency for Borrower’s account. The aggregate Dollar Equivalent amount utilized for the
issuance of Letters of Credit shall at all times reduce the amount otherwise available for Advances under the Revolving Line. The aggregate Dollar Equivalent amount available to be used for the issuance of Letters of Credit may not exceed
(i) the Revolving Line, minus (ii) the sum of all outstanding principal amounts of any Advances (including the face amount of any outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit)). 

(b) If, on the Revolving Line Maturity Date (or the effective date of any termination of this Agreement), there are any outstanding
Letters of Credit, then on such date Borrower shall provide to HSBC cash collateral in an amount equal to (x) if such Letters of Credit are denominated in Dollars, then up to one hundred five percent (105%), and (y) if such Letters of
Credit are denominated in a Foreign Currency, then up to one hundred ten percent (110%), of the Dollar Equivalent of the face amount of all such Letters of Credit plus all interest, fees, and costs due or to become due in connection therewith (as
estimated by HSBC in its commercially reasonable business judgment), to secure all of the Obligations relating to such Letters of Credit. All Letters of Credit shall be in form and substance acceptable to HSBC in its sole discretion and shall be
subject to the terms and conditions of HSBC’s standard Application and Letter of Credit Agreement (the “Letter of Credit Application”). Borrower agrees to execute any further documentation in connection with the Letters of
Credit as HSBC may reasonably request. Borrower understands and agrees that HSBC shall not be liable for any error, negligence, or mistake, whether of omission or commission, in following Borrower’s instructions in good faith or those contained
in the Letters of Credit or any modifications, amendments, or supplements thereto. 
 (c) The obligation of Borrower to
immediately reimburse HSBC for drawings made under Letters of Credit shall be absolute, unconditional, and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement, such Letters of Credit, and the Letter of Credit
Application. 
 (d) Each Letter of Credit shall, among other things, have an expiry date not later than twelve (12) months
after such Letter of Credit’s date of issuance. In no event shall any Letters of Credit issued hereunder have an expiry date later than the Revolving Line Maturity Date unless Borrower provides cash collateral as described above in
Section 2.1.2(b). 

  
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 2.1.3 General Provisions Relating to the Advances. Each Advance shall, at
Borrower’s option in accordance with the terms of this Agreement, be either in the form of a Base Rate Advance or a Eurodollar Advance; provided, that in no event shall there be outstanding more than three (3) Eurodollar Advances at
any time. Borrower shall pay interest accrued on the Advances at the rates and in the manner set forth in Section 2.3. 

2.2 Overadvances. If, at any time, the outstanding principal amount of all Advances (including the face amount of all outstanding
Letters of Credit (including drawn but unreimbursed Letters of Credit)), exceeds the Revolving Line, Borrower shall immediately pay to HSBC in cash such excess. 
 2.3 Payment of Interest on the Credit Extensions.  
 (a)
Computation of Interest. Interest on the Credit Extensions and all fees payable hereunder shall be computed on the basis of a 360-day year and the actual number of days elapsed in the period during which such interest accrues. In computing
interest on any Credit Extension, the date of the making of such Credit Extension shall be included and the date of payment shall be excluded; provided, however, that if any Credit Extension is repaid on the same day on which it is made, such
day shall be included in computing interest on such Credit Extension. 
 (b) Interest; Payment. Each Advance shall
bear interest on the outstanding principal amount thereof from the date when made, continued or converted until paid in full at a rate per annum equal to (i) for Base Rate Advances, the Base Rate minus the applicable Base Rate Margin and
(ii) for Eurodollar Advances, the Eurodollar Rate plus the applicable Eurodollar Rate Margin. Pursuant to the terms hereof, interest on each Advance shall be paid in arrears on each Interest Payment Date. Interest shall also be paid on the date
of any prepayment of any Advance pursuant to this Agreement for the portion of any Advance so prepaid and upon payment (including prepayment) in full thereof. All accrued and unpaid interest on the Advances shall be due and payable on the Revolving
Line Maturity Date. 
 (c) Default Rate. Upon the occurrence and during the continuance of an Event of Default,
Obligations shall bear interest at a rate 2% above the rate that would otherwise be applicable thereto (the “Default Rate”). Payment or acceptance of the increased interest provided in this Section 2.3(c) is not a permitted
alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of HSBC. 
 (d) Debit of Accounts. HSBC may debit any of Borrower’s Deposit Accounts maintained with HSBC, including the Designated Deposit Account, for principal and interest payments or any other
amounts Borrower owes HSBC when due. In addition, during the existence of an Event of Default, HSBC may debit any other accounts of Borrower maintained with HSBC with respect to any amounts owing by Borrower to HSBC. 

(e) Letter of Credit Reserve. Borrower may request that HSBC issue a Letter of Credit payable in a Foreign Currency. If a demand
for payment is made under any such Letter of Credit, HSBC shall treat such demand as an Advance to Borrower of the Dollar Equivalent of the amount thereof (plus fees and charges in connection therewith such as wire, cable, SWIFT or similar charges).
To guard against fluctuations in currency exchange rates, upon the issuance of any Letter of Credit payable in a Foreign Currency, HSBC may create at its sole discretion a reserve (the “Letter of Credit Reserve”) under the Revolving
Line in an amount up to ten percent (10%) of the face amount of such Letter of Credit. The amount of the Letter of Credit Reserve may be adjusted by HSBC from time to time to account for fluctuations in the exchange rate. The availability of
funds under the Revolving Line shall be reduced by the amount of such Letter of Credit Reserve for as long as such Letter of Credit remains outstanding. 
 2.4 Fees. Borrower shall pay to HSBC: 
 (a) Commitment Fee. A fully
earned, non-refundable commitment fee of $75,000 (equal to 0.25% of the Revolving Line), on the Effective Date. 
 (b) Letter
of Credit Fee. HSBC’s customary fees and expenses for the issuance or renewal of Letters of Credit, including, without limitation, a letter of credit fee of 2.50% per annum (the “LC Fee”) of the face amount of each
Letter of Credit issued, upon the issuance of such Letter of Credit and each anniversary of the issuance during the term of such Letter of Credit, and upon the renewal of such Letter of Credit by HSBC. It is understood and agreed that the Borrower
shall pay no other fee in connection with the BNDES Guaranty other than 

  
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the LC Fee paid on the Letter of Credit issued in connection with the BNDES Guaranty pursuant to this Section 2.4(b). 

(c) HSBC Expenses. All HSBC Expenses (including reasonable attorneys’ fees and expenses for documentation and negotiation of
this Agreement) incurred through and after the Effective Date, when due. 
 2.5 Payments; Application of Payments.

 (a) All payments (including prepayments) to be made by Borrower under any Loan Document shall be made in immediately
available funds in Dollars, without setoff or counterclaim, before 3:00 PM (New York time) on the date when due to HSBC at the Payment Office. Payments of principal and/or interest received after 3:00 PM (New York time) are considered received at
the opening of business on the next Business Day. When a payment is due on a day that is not a Business Day, the payment shall be due the next Business Day, and additional fees or interest, as applicable, shall continue to accrue until paid;
provided, that with respect to Eurodollar Advances, if extending such payment would cause the last day of the applicable Interest Period to be extended into the next calendar month, then the due date for such payment shall be the immediately
preceding Business Day. 
 (b) HSBC shall apply the whole or any part of collected funds against the Revolving Line and other
Obligations or credit such collected funds to a depository account of Borrower with HSBC (or an account maintained by an Affiliate of HSBC), the order and method of such application to be in the sole discretion of HSBC. Borrower shall have no right
to specify the order or the accounts to which HSBC shall allocate or apply any payments required to be made by Borrower to HSBC or otherwise received by HSBC under this Agreement when any such allocation or application is not specified elsewhere in
this Agreement. 
  

	 	3	CONDITIONS OF CREDIT EXTENTIONS 

 3.1 Conditions Precedent to Initial Credit Extension. HSBC’s obligation to make the initial Credit Extension is subject to the condition precedent that HSBC shall have received, in form and
substance satisfactory to HSBC in its sole discretion, such documents, and completion of such other matters, as HSBC may reasonably deem necessary or appropriate, including, without limitation: 

(a) duly executed original signatures to the Loan Documents; 
 (b) Borrower’s Operating Documents and a good standing certificate of Borrower certified by the Secretary of State of the State of Delaware as of a date no earlier than thirty (30) days prior to
the Effective Date; 
 (c) duly executed original signatures to the completed Borrowing Resolutions for Borrower; 

(d) duly executed original signature to a payoff letter from Silicon Valley Bank; 

(e) evidence that (i) the Liens securing Indebtedness owed by Borrower to Silicon Valley Bank will be terminated prior to or
concurrent with the initial Credit Extension and (ii) the documents and/or filings evidencing the perfection of such Liens, including without limitation any financing statements and/or control agreements, have or will, concurrently with the
initial Credit Extension, be terminated; 
 (f) certified copies, dated as of a recent date, of bankruptcy, judgment and lien
searches, as HSBC shall request, accompanied by written evidence (including any UCC termination statements) that the Liens and judgments indicated in any such search results either constitute Permitted Liens or have been or, in connection with the
initial Credit Extension, will be terminated or released; 
 (g) the Diligence Certificate of Borrower, together with the duly
executed original signatures thereto; 
 (h) a legal opinion of Borrower’s counsel dated as of the Effective Date together
with the duly executed original signature thereto; 

  
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 (i) evidence satisfactory to HSBC that the insurance policies required by Section 6.4
hereof are in full force and effect; and 
 (j) payment of the fees and HSBC Expenses then due as specified in Section 2.4
hereof. 
 3.2 Conditions Precedent to all Credit Extensions. HSBC’s obligations to make each Credit Extension,
including the initial Credit Extension, is subject to the following conditions precedent: 
 (a) except as otherwise provided in
Section 3.5(a), timely receipt of an executed Notice of Borrowing; 
 (b) evidence satisfactory to HSBC that the Designated
Deposit Account holds Cash equal to at least one hundred ten percent (110%) of the aggregate Dollar Equivalent amount of the outstanding Advances and the Dollar Equivalent amount of the requested Credit Extensions; 

(c) the representations and warranties in this Agreement shall be true, accurate, and complete in all material respects on the Funding
Date of each Credit Extension; provided, however, that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that
those representations and warranties expressly referring to a specific date shall be true, accurate and complete in all material respects as of such date, and no Event of Default shall have occurred and be continuing or result from the Credit
Extension. Each Credit Extension is Borrower’s representation and warranty on that date that the representations and warranties in this Agreement remain true, accurate, and complete in all material respects; provided, however, that such
materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof; and provided, further that those representations and warranties expressly referring to a
specific date shall be true, accurate and complete in all material respects as of such date; and 
 (d) in HSBC’s sole
discretion, there has not been a Material Adverse Change. 
 3.3 Post-Springing Lien Event Conditions. Upon the
occurrence of a Springing Lien Event, the Borrower agrees to deliver to HSBC, in form and substance satisfactory to HSBC: 
 (a)
duly executed original signatures to the Control Agreements required by Section 6.5(b); and 
 (b) other documentation HSBC
may require to perfect its security interest in the Collateral. 
 3.4 Covenant to Deliver. Except as otherwise provided
in Section 3.3, Borrower agrees to deliver to HSBC each item required to be delivered to HSBC under this Agreement as a condition precedent to any Credit Extension. Borrower expressly agrees that a Credit Extension made prior to the receipt by
HSBC of any such item shall not constitute a waiver by HSBC of Borrower’s obligation to deliver such item, and the making of any Credit Extension in the absence of a required item shall be in HSBC’s sole discretion. 

3.5 Procedures for Credit Extensions. 
 (a)(i) Subject to the prior satisfaction of all other applicable conditions to the making of an Advance set forth in this Agreement, each Advance shall be made upon Borrower’s irrevocable written
notice delivered to HSBC in the form of a Notice of Borrowing, executed by a Responsible Officer of Borrower or his or her designee or without instructions if the Advances are necessary to meet Obligations which have become due. HSBC may rely on any
telephone notice given by a person whom HSBC believes is a Responsible Officer or designee (other than Advances made pursuant to Section 2.1.2). Borrower will indemnify HSBC for any loss HSBC suffers due to such reliance. Any amount required to
be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with HSBC, or with respect to any other Obligation, which shall become due, shall be deemed a request for an Advance to be maintained as a Base
Rate Advance as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation under this Agreement, or any other agreement with HSBC and such request shall be irrevocable. (ii) Subject to the
prior satisfaction of all other applicable conditions to the making of an Advance set forth in this Agreement, with respect to Advances made pursuant to Section 2.1.2 for the issuance of Letters of Credit, Borrower may request HSBC to issue or
cause the 

  
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issuance of a Letter of Credit by delivering to HSBC an irrevocable written notice in the form of a Notice of Borrowing, a Letter of Credit Application and any further documentation reasonably
requested by HSBC, each executed by a Responsible Officer of Borrower. 
 (b) Each Notice of Borrowing must be received by HSBC
prior to 2:00 PM (New York time), (i) at least three (3) Business Days prior to the requested Funding Date, in the case of Eurodollar Advances, and (ii) on the requested Funding Date, in the case of Base Rate Advances, specifying:
(1) the amount of the Advance which amount shall be in a minimum amount of One Hundred Thousand Dollars ($100,000) and in integral multiples of One Hundred Thousand Dollars ($100,000) in excess thereof; (2) the requested Funding Date;
(3) if the Advance shall be transferred to the Designated Deposit Account or to another account set forth in the Notice of Borrowing, (4) whether the Advance is to be comprised of Eurodollar Advances or Base Rate Advances; (5) the
duration of the first Interest Period applicable to any such Eurodollar Advances included in such notice; and (6) whether the Advance is to be a Letter of Credit; provided, that if the Notice of Borrowing shall fail to specify the
duration of the Interest Period for any Advance comprised of Eurodollar Advances, such Interest Period shall be one (1) month. Interest Periods for Eurodollar Advances shall be for one, two, three or six months. No Eurodollar Advance shall be
made available to Borrower during the continuance of a Default or an Event of Default. After giving effect to each such borrowing, there shall not be outstanding more than three (3) Eurodollar Advances, in the aggregate at any time. 

(c) The proceeds of all such Advances will then be made available to Borrower on the Funding Date by HSBC (i) by transfer to the
Designated Deposit Account and, subsequently, by wire transfer to such other account as Borrower may instruct in the Notice of Borrowing; or (ii) by the issuance of a Letter of Credit pursuant to the terms of the Letter of Credit Application
and the Letter of Credit. 
 (d) Notwithstanding anything to the contrary contained herein, HSBC shall not be required to
purchase United States Dollar deposits in the London interbank market or other applicable Eurodollar market to fund any Eurodollar Advances, but the provisions hereof shall be deemed to apply as if HSBC had purchased such deposits to fund the
Eurodollar Advances. 
 (e) Each Interest Period of a Eurodollar Advance shall commence on the date such Eurodollar Advance is
made and shall end on such date as Borrower may elect in the Notice of Borrowing as set forth in Section 3.5(b) above provided that the exact length of each Interest Period shall be determined in accordance with the practice of the interbank
market for offshore Dollar deposits and no Interest Period shall end after the Revolving Line Maturity Date. 
 (f) Borrower
shall elect the initial Interest Period applicable to a Eurodollar Advance by its Notice of Borrowing given to HSBC pursuant to Section 3.5(b) or by its Notice of Conversion given to HSBC pursuant to Section 3.5(g) as the case may be.
Borrower shall elect the duration of each succeeding Interest Period by giving irrevocable written notice to HSBC of such duration not less than three (3) Business Days prior to the last day of the then current Interest Period applicable to
such Eurodollar Advance. If HSBC does not receive timely notice of the Interest Period elected by Borrower, Borrower shall be deemed to have elected to convert to a Base Rate Advance subject to Section 3.5(g). 

(g) Provided that no Event of Default shall have occurred and be continuing, Borrower, may, on the last Business Day of the then current
Interest Period applicable to any outstanding Eurodollar Advance, or on any Business Day with respect to Base Rate Advances, convert any such advance into an advance of another type in the same aggregate principal amount provided that any conversion
of a Eurodollar Advance shall be made only on the last Business Day of the then current Interest Period applicable to such Eurodollar Advance. If Borrower desires to convert an advance, Borrower shall give HSBC a Notice of Conversion by no later
than 2:00 PM (New York time) (i) on the day which is three (3) Business Days’ prior to the date on which such conversion is to occur with respect to a conversion from a Base Rate Advance to a Eurodollar Advance, or (ii) on the
day which is one (1) Business Day prior to the date on which such conversion is to occur with respect to a conversion from a Eurodollar Advance to a Base Rate Advance, specifying, in each case, the date of such conversion, the loans to be
converted and if the conversion is from a Base Rate Advance to any other type of loan, the duration of the first Interest Period therefor. 
 (h) At its option and upon written notice given prior to 2:00 PM (New York time) (i) on the day which is three (3) Business Days prior to the date of such prepayment in the case of any
Eurodollar Advance and (ii) on the day which is one (1) Business Day in advance of the date of such prepayment in the case of any Base 

  
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Rate Advance, Borrower may prepay Advances in whole at any time or in part from time to time, together with amounts which may be owed to HSBC pursuant to Section 3.5(i), and with accrued
interest on the principal being prepaid to the date of such repayment. Borrower shall specify the date of prepayment of Advances and the amount of such prepayment. In the event that any prepayment of a Eurodollar Advance is required or permitted on
a date other than the last Business Day of the then current Interest Period with respect thereto, Borrower shall indemnify HSBC therefor in accordance with Section 3.5(i). 

(i) Notwithstanding any other provision hereof, if any Change in Law or Requirement of Law shall make it unlawful for HSBC (for purposes
of this Section 3.5(i) references to HSBC also shall include any corporation or bank directly or indirectly controlling HSBC) to make or maintain its Eurodollar Advances, the obligation of HSBC to make Eurodollar Advances hereunder shall
forthwith be cancelled and Borrower shall, if any affected Eurodollar Advances are then outstanding, promptly upon request from HSBC, either pay all such affected Eurodollar Advances or convert such affected Eurodollar Advances into Base Rate
Advances. If any such payment or conversion of any Eurodollar Advances is made on a day that is not the last day of the Interest Period applicable to such Eurodollar Advances, Borrower shall pay HSBC, upon HSBC’s request, such amount or amounts
as may be necessary to compensate HSBC for any loss or expense sustained or incurred by HSBC in respect of such Eurodollar Advance as a result of such payment or conversion, including (but not limited to) any interest or other amounts payable by
HSBC to lenders of funds obtained by HSBC in order to make or maintain such Eurodollar Advance. A certificate as to any additional amounts payable pursuant to the foregoing sentence submitted by HSBC to Borrower shall be conclusive absent manifest
error. 
 3.6 Additional Provisions Governing Eurodollar Advances. Notwithstanding any other provision of this Agreement
to the contrary, the following provisions shall govern with respect to Eurodollar Advances as to the matters covered: 
 (a)
Increased Costs. In the event that any Change in Law or compliance by HSBC with any Change in Law (for purposes of this Section 3.6(a)(ii) or (iii), references to HSBC also shall include any corporation or bank directly or indirectly
controlling HSBC) shall: 
 (i) subject HSBC to any tax of any kind whatsoever with respect to this Agreement or any other Loan
Document or change the basis of taxation of payments to HSBC of principal, fees, interest or any other amount payable hereunder or under any other Loan Documents (except, in each case, for the imposition of, or any change with respect to, any
Excluded Taxes); 
 (ii) impose, modify or hold applicable any reserve, special deposit, assessment or similar requirement
(including any compulsory loan requirement, insurance charge or other assessment) against assets held by, or deposits in or for the account of, advances or loans by, or other credit extended by, any office of HSBC, including pursuant to Regulation D
of the Board of Governors of the Federal Reserve System; or 
 (iii) impose on HSBC or the London interbank Eurodollar market any
other condition, cost or expense (other than taxes) with respect to this Agreement, any other Loan Document or any Advance or any Letter of Credit; 
 and the result of any of the foregoing is to increase the cost to HSBC of making, renewing or maintaining its Advances hereunder or to increase the cost to HSBC of issuing or maintaining any Letter of
Credit by an amount that HSBC reasonably deems to be material or to reduce the amount of any payment (whether of principal, interest or otherwise) in respect of any of the Advances by an amount that HSBC reasonably deems to be material, then, in any
case Borrower shall promptly pay HSBC, upon its demand, such additional amount as will compensate HSBC for such additional cost or such reduction, as the case may be, provided that the foregoing shall not apply to increased costs which are reflected
in the Adjusted LIBO Rate. HSBC shall certify the amount of such additional cost or reduced amount to Borrower, and such certification shall be conclusive absent manifest error. 

HSBC shall endeavor to notify Borrower of any Change in Law that gives rise to any payment required under this Section 3.6(a), but
any failure of HSBC to do so shall in no way mitigate or discharge the obligation of Borrower to pay such amounts or cause HSBC any liability under this Section 3.6(a); provided that Borrower shall not be required to compensate HSBC
pursuant to this Section 3.6(a) for any increased costs or reductions incurred more than 270 days prior to the date that HSBC notifies Borrower of the Change in Law giving rise to such increased costs or reductions and of HSBC’s intention
to claim compensation therefor; provided further that, if the 

  
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Change in Law giving rise to such increased costs or reductions is retroactive, then the 270-day period referred to above shall be extended to include the period of retroactive effect thereof.
HSBC shall certify the amount of such additional cost or reduced amount to Borrower, and such certification shall be conclusive absent manifest error. 
 (b) Basis For Determining Interest Rate Inadequate or Unfair. In the event that HSBC shall have determined that: 
 (i) reasonable means do not exist for ascertaining the Adjusted LIBO Rate applicable pursuant to Section 3.5 for any Interest Period; or 

(ii) Dollar deposits in the relevant amount and for the relevant maturity are not available in the London interbank Eurodollar market,
with respect to an outstanding Eurodollar Advance, a proposed Eurodollar Advance, or a proposed conversion of a Base Rate Advance into a Eurodollar Advance, 
 then HSBC shall give Borrower prompt written, telephonic or telegraphic notice of such determination. If such notice is given, (i) any such requested Eurodollar Advance shall be made as a Base Rate
Advance, unless Borrower shall notify HSBC no later than 2:00 PM (New York time) two (2) Business Days prior to the date of such proposed borrowing, that its request for such borrowing shall be cancelled or made as an unaffected type of
Eurodollar Advance, (ii) any Base Rate Advance or Eurodollar Advance which was to have been converted to an affected type of Eurodollar Advance shall be continued as or converted into a Base Rate Advance, or, if Borrower shall notify HSBC, no
later than 2:00 PM (New York time) two (2) Business Days prior to the proposed conversion, shall be maintained as an unaffected type of Eurodollar Advance, and (iii) any outstanding affected Eurodollar Advances shall be converted into a
Base Rate Advance, or, if Borrower shall notify HSBC, no later than 2:00 PM (New York time) two (2) Business Days prior to the last Business Day of the then current Interest Period applicable to such affected Eurodollar Advance, shall be
converted into an unaffected type of Eurodollar Advance, on the last Business Day of the then current Interest Period for such affected Eurodollar Advance. Until such notice has been withdrawn, HSBC shall have no obligation to make an affected type
of Eurodollar Advance or maintain outstanding affected Eurodollar Advances and Borrower shall have no right to convert a Base Rate Advance or an unaffected type of Eurodollar Advance into an affected type of Eurodollar Advance. 

(c) Capital Adequacy. 
 (i) In the event that HSBC shall have determined that any Change in Law regarding capital adequacy or liquidity requirements, has or would have the effect of reducing the rate of return on HSBC’s
(for purposes of this Section 3.6(c), references to HSBC also shall include any corporation or bank directly or indirectly controlling HSBC) capital, as a consequence of its obligations hereunder, to a level below that which HSBC could have
achieved but for such Change in Law (taking into consideration HSBC’s policies with respect to capital adequacy and liquidity) by an amount reasonably deemed by HSBC to be material, then, from time to time, Borrower shall pay upon demand to
HSBC such additional amount or amounts as will compensate HSBC for any such reduction suffered. In determining such amount or amounts, HSBC may use any reasonable averaging or attribution methods. The protection of this Section 3.6(c) shall be
available to HSBC regardless of any possible contention of invalidity or inapplicability with respect to the applicable law, regulation or condition. 
 (ii) HSBC shall certify such amount or amounts as shall be necessary to compensate it with respect to Section 3.6(c)(i) to Borrower, and such certification shall be conclusive absent manifest error.

 3.7 Tax Forms. If HSBC is entitled to an exemption from or reduction of withholding tax with respect to payments made
under any Loan Document, it shall deliver to Borrower, at the time or times reasonably requested by Borrower, such properly completed and executed documentation reasonably requested by Borrower as will permit such payments to be made without
withholding or at a reduced rate of withholding. In addition, HSBC, if reasonably requested by Borrower, shall deliver such other documentation prescribed by applicable law or reasonably requested by Borrower as will enable Borrower to determine
whether or not HSBC is subject to backup withholding or information reporting requirements. HSBC agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or
certification or promptly notify Borrower in writing of its legal inability to do so. 

  
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	 	4	CREATION OF SECURITY INTEREST 

 4.1 Grant of Security Interest. Borrower hereby grants to HSBC, to secure the payment and performance in full of all of the Obligations, a continuing security interest in and to, and pledges
to HSBC, all of the Collateral, wherever located, whether now owned or existing or hereafter acquired or arising, and all proceeds and products thereof; provided, that (a) such security interest shall not be effective unless or until a
Springing Lien Event has occurred (the first such date being the “Grant Effective Date”), (b) such security interest shall not constitute a cure of the Springing Lien Event giving rise thereto, and (c) any
cure of the Springing Lien Event shall not be deemed a release of HSBC’s security interest in the Collateral unless HSBC otherwise consents thereto in writing. 
 4.2 Priority of Security Interest. Borrower represents, warrants, and covenants that the security interest granted or to be granted herein is and shall at all times on and after the Grant Effective
Date continue to be a first priority perfected security interest in the Collateral (subject only to Permitted Liens that may have superior priority to HSBC’s Lien under this Agreement). On and after the Grant Effective Date, if Borrower shall
acquire a commercial tort claim in excess of $1,000,000, Borrower shall promptly notify HSBC in a writing signed by Borrower of the general details thereof and grant to HSBC in such writing a security interest therein and in the proceeds thereof,
all upon the terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to HSBC. 
 If this
Agreement is terminated, HSBC’s Lien in the Collateral, if any, shall continue until the Obligations (other than inchoate indemnity obligations) are repaid in full in cash. Upon payment in full in cash of the Obligations (other than inchoate
indemnity obligations) and at such time as HSBC’s obligation to make Credit Extensions has terminated, HSBC’s Lien in the Collateral granted hereunder, if any, shall automatically terminate and all rights therein shall revert to Borrower,
and HSBC shall, at Borrower’s sole cost and expense, deliver such documents and make such filings as Borrower shall reasonably request to evidence such termination. 
 4.3 Authorization to File Financing Statements. Borrower hereby authorizes HSBC to file financing statements, without notice to Borrower, with all appropriate jurisdictions to notice the
negative-negative pledge set forth in Section 7.5 hereof. Upon the occurrence of a Springing Lien Event, Borrower hereby authorizes HSBC to file financing statements, without notice to Borrower, with all appropriate jurisdictions to perfect or
protect HSBC’s interest or rights hereunder, including a notice that any disposition of the Collateral, by either Borrower or any other Person, except as otherwise permitted under this Agreement shall be deemed to violate the rights of HSBC
under the Code. Such financing statements may indicate the Collateral as “all assets of the Debtor” or words of similar effect, or as being of an equal or lesser scope, or with greater detail, all in HSBC’s discretion. 

 

	 	5	REPRESENTATIONS AND WARRANTIES 

 Borrower represents and warrants as follows: 
 5.1 Due Organization,
Authorization; Power and Authority. Borrower is duly existing and in good standing as a Registered Organization in its jurisdiction of formation and is qualified and licensed to do business and is in good standing in any jurisdiction in which
the conduct of its business or its ownership of property requires that it be qualified except where the failure to do so could not reasonably be expected to have a material adverse effect on Borrower’s business. In connection with this
Agreement, Borrower has delivered to HSBC a completed certificate signed by Borrower, entitled “Diligence Certificate”. Borrower represents and warrants to HSBC that as of the date hereof (a) Borrower’s exact legal name is that
indicated on the Diligence Certificate and on the signature page hereof; (b) Borrower is an organization of the type and is organized in the jurisdiction set forth in the Diligence Certificate; (c) the Diligence Certificate accurately sets
forth Borrower’s organizational identification number or accurately states that Borrower has none; (d) the Diligence Certificate accurately sets forth Borrower’s place of business, or, if more than one, its chief executive office as
well as Borrower’s mailing address (if different than its chief executive office); (e) except as set forth in the Diligence Certificate, Borrower (and each of its predecessors) has not, in the past five (5) years, changed its
jurisdiction of formation, organizational structure or type, or any organizational number assigned by its jurisdiction; and (f) all other information set forth on the Diligence Certificate pertaining to Borrower and each of its Subsidiaries is
accurate and complete (it being understood and agreed that Borrower may from time to time update certain information in the Diligence Certificate after the Effective Date to the extent permitted by one or more specific provisions in this Agreement).
If Borrower is not now a Registered Organization but later becomes one, Borrower shall promptly notify HSBC of such occurrence and provide HSBC with Borrower’s organizational identification number. 

  
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 The execution, delivery and performance by Borrower of the Loan Documents to which it is a
party have been duly authorized, and do not (i) conflict with any of Borrower’s Operating Documents, (ii) contravene, conflict with, constitute a default under or violate any material Requirement of Law, (iii) contravene,
conflict or violate any applicable order, writ, judgment, injunction, decree, determination or award of any Governmental Authority by which Borrower or any of its Subsidiaries or any of their property or assets may be bound or affected,
(iv) require any action by, filing, registration, or qualification with, or Governmental Approval from, any Governmental Authority (except such Governmental Approvals which have already been obtained and are in full force and effect), or
(v) constitute an event of default under any material agreement by which Borrower is bound. Borrower is not in default under any agreement to which it is a party or by which it is bound in which the default could reasonably be expected to have
a material adverse effect on the business of Borrower and its consolidated Subsidiaries, taken as a whole. 
 5.2 Collateral;
Intellectual Property. Borrower has good title to, has rights in, and the power to transfer each item of the Collateral on or after the Grant Effective Date upon which it purports to grant a Lien hereunder, free and clear of any and all Liens
except Permitted Liens. Borrower is the sole owner of the Intellectual Property which it owns or purports to own except for (a) non-exclusive licenses granted to its customers in the ordinary course of business, (b) over-the-counter
software that is commercially available to the public, and (c) material Intellectual Property licensed to Borrower and noted on the Diligence Certificate. To Borrower’s knowledge and belief, each Patent, Trademark or Copyright which it
owns or purports to own and which is material to Borrower’s business is valid and enforceable, and no part of the Intellectual Property which Borrower owns or purports to own and which is material to Borrower’s business has been judged
invalid or unenforceable, in whole or in part. To the best of Borrower’s knowledge, no claim has been made that any part of the Intellectual Property violates the rights of any third party except to the extent such claim would not reasonably be
expected to have a material adverse effect on the business of Borrower and its consolidated Subsidiaries, taken as a whole. 

5.3 Litigation. There are no actions or proceedings pending or, to the knowledge of the Responsible Officers, threatened in
writing by or against Borrower or any of its Subsidiaries involving more than, individually or in the aggregate, Five Million Dollars ($5,000,000). 
 5.4 Financial Statements; Financial Condition. All consolidated financial statements for Borrower and any of its Subsidiaries delivered to HSBC fairly present in all material respects
Borrower’s consolidated financial condition and Borrower’s consolidated results of operations. There has not been any material adverse change in the consolidated financial condition or business of Borrower and its consolidated
Subsidiaries, taken as a whole, since the date of the most recent financial statements submitted to HSBC. 
 5.5
Solvency. The fair salable value of Borrower’s assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; Borrower is not left with unreasonably small capital after the transactions in this Agreement; and
Borrower is able to pay its debts (including trade debts) as they mature. 
 5.6 Regulatory Compliance. Borrower is not
an “investment company” or a company “controlled” by an “investment company” under the Investment Company Act of 1940, as amended. Borrower is not engaged as one of its important activities in extending credit for
margin stock (under Regulations X, T and U of the Federal Reserve Board of Governors). Borrower has complied in all material respects with the Federal Fair Labor Standards Act. Neither Borrower nor any of its Subsidiaries is a “holding
company” or an “affiliate” of a “holding company” or a “subsidiary company” of a “holding company” as each term is defined and used in the Public Utility Holding Company Act of 2005. Borrower has not
violated any laws, ordinances or rules, the violation of which could reasonably be expected to have a material adverse effect on the business of Borrower and its consolidated Subsidiaries taken as a whole. None of Borrower’s or any of its
Subsidiaries’ properties or assets has been used by Borrower or any Subsidiary in disposing, producing, storing, treating, or transporting any hazardous substance other than legally, which could reasonably be expected to have a material adverse
effect on the business of Borrower and its Subsidiaries, taken as a whole. Borrower and each of its Subsidiaries have obtained all consents, approvals and authorizations of, made all declarations or filings with, and given all notices to, all
Government Authorities that are necessary to continue their respective businesses as currently conducted. 
 5.7
Subsidiaries; Investments. Borrower does not own any stock, partnership interest or other equity securities except for Permitted Investments. 
 5.8 Tax Returns and Payments; Pension Contributions. Borrower has timely filed all required tax returns and reports, and Borrower has timely paid all foreign, federal, state and local taxes,
assessments, deposits 

  
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and contributions owed by Borrower, except, in each case, where the failure to do so would not reasonably be expected to have a material adverse effect on the financial condition or business of
Borrower and its consolidated Subsidiaries, taken as a whole. Borrower is unaware of any claims or adjustments proposed for any of Borrower’s prior tax years which could result in additional material taxes becoming due and payable by Borrower.
Borrower has paid all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms, and Borrower has not withdrawn from participation in, and has not permitted partial or complete
termination of, or permitted the occurrence of any other event with respect to, any such plan which could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its
successors or any other governmental agency in the aggregate in excess of Five Million Dollars ($5,000,000). 
 5.9 Use of
Proceeds. Borrower shall use the proceeds of the Credit Extensions solely (i) as working capital, to fund its general business requirements and not for personal, family, household or agricultural purposes and (ii) for other purposes so
long as the Credit Extensions constitute Senior Debt under the Indenture. 
 5.10 Full Disclosure. No written
representation, warranty or other statement of Borrower in any certificate or written statement given to HSBC (other than any projections or forecasts or other forward looking information), as of the date such representation, warranty, or other
statement was made, taken together with all such written certificates and written statements given to HSBC, contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements contained in the
certificates or statements not misleading (it being recognized by HSBC that the projections and forecasts provided have been prepared by Borrower in good faith and based upon reasonable assumptions and are not viewed as facts and that actual results
during the period or periods covered by such projections and forecasts may differ from the projected or forecasted results). 

5.11 Senior Debt. The Obligations under this Agreement constitute Senior Debt under the Indenture and benefit from the
subordination provisions contained in Article 13 of the Indenture. 
  

	 	6	AFFIRMATIVE COVENANTS 

 Borrower shall do all of the following: 
 6.1 Government Compliance.
Maintain its and all its Subsidiaries’ legal existence and good standing in their respective jurisdictions of formation and maintain qualification in each jurisdiction in which the failure to so qualify would reasonably be expected to have a
material adverse effect on the business or operations of Borrower and its consolidated Subsidiaries, taken as a whole. Borrower shall comply, and have each Subsidiary comply, with all laws, ordinances and regulations to which it is subject,
noncompliance with which could reasonably be expected to have a material adverse effect on the business of Borrower and its consolidated Subsidiaries, taken as a whole. 
 6.2 Financial Statements, Reports, Certificates. Deliver to HSBC: 
 (a)
Quarterly Financial Statements. As soon as available, but no later than sixty (60) days after the last day of each quarter, a company prepared consolidated balance sheet and income statement covering Borrower’s consolidated
operations for such quarter certified by a Responsible Officer and in a form acceptable to HSBC (the “Quarterly Financial Statements”); 
 (b) Quarterly Compliance Certificate. Within sixty (60) days after the last day of each quarter and together with the Quarterly Financial Statements, a duly completed Compliance Certificate
signed by a Responsible Officer, certifying that as of the end of such quarter, no Default or Event of Default has occurred, and setting forth calculations showing compliance with the financial covenants set forth in Section 6.6; 

(c) Annual Audited Financial Statements. As soon as available, but no later than ninety (90) days after the last day of
Borrower’s fiscal year, audited consolidated financial statements prepared under GAAP, consistently applied, together with an unqualified opinion on the financial statements from an independent certified public accounting firm acceptable to
HSBC in its reasonable discretion; 
 (d) Other Statements. Within five (5) days of delivery, copies of any material
statements, reports and notices made available to Borrower’s security holders or to any holders of Subordinated Debt; 

  
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 (e) SEC Filings. In the event that Borrower becomes subject to the reporting
requirements under the Exchange Act within five (5) days of filing, copies of all periodic and other reports, proxy statements and other materials filed by Borrower with the SEC, any Governmental Authority succeeding to any or all of the
functions of the SEC or with any national securities exchange, or distributed to its shareholders, as the case may be. Documents required to be delivered pursuant to the terms hereof (to the extent any such documents are included in materials
otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date on which Borrower posts such documents, or provides a link thereto, on Borrower’s website on the Internet at
Borrower’s website address; 
 (f) Legal Action Notice. A prompt report of any legal actions pending or threatened
in writing against Borrower or any of its Subsidiaries that could result in damages or costs to Borrower or any of its Subsidiaries of, individually or in the aggregate, Five Million Dollars ($5,000,000) or more; and 

(g) Other Financial Information. Other financial information reasonably requested by HSBC, including without limitation
documentation evidencing Borrower’s compliance with Section 6.6. 
 6.3 Taxes; Pensions. Timely file, and
require each of its Subsidiaries to timely file, all material tax returns and reports and timely pay, and require each of its Subsidiaries to timely pay, all foreign, federal, state and local taxes, assessments, deposits and contributions owed by
Borrower and each of its Subsidiaries, except where the failure to do so would not reasonably be expected to have a material adverse effect on the financial condition or business of Borrower and its consolidated Subsidiaries, taken as a whole, and
so long as Borrower posts bonds or takes any other steps required to prevent a Governmental Authority levying any contested taxes from obtaining a Lien upon any of the Collateral (other than a Lien allowed under clause (b) of the definition of
Permitted Lien), and shall deliver to HSBC, on demand, appropriate certificates attesting to such payments, and pay all amounts necessary to fund all present pension, profit sharing and deferred compensation plans in accordance with their terms,
except to the extent the failure to so pay could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency in the aggregate
in excess of Five Million Dollars ($5,000,000). 
 6.4 Insurance. Keep its business and the Collateral, if any, insured
for risks and in amounts standard for companies in Borrower’s industry and location and as HSBC may reasonably request. On or after the Grant Effective Date, all property policies shall have a lender’s loss payable endorsement showing HSBC
as a lender loss payee. On or after the Grant Effective Date, all liability policies shall show, or have endorsements showing, HSBC as an additional insured. All policies (or the loss payable and additional insured endorsements) shall provide that
the insurer shall give HSBC at least twenty (20) days notice before canceling, amending, or declining to renew its policy. At HSBC’s request, Borrower shall deliver certified copies of policies and evidence of all premium payments. So long
as no Springing Lien Event has occurred and is continuing, Borrower shall have the option of applying the proceeds of any casualty policy toward the replacement or repair of destroyed or damaged property; provided that any such replaced or repaired
property (i) shall be of equal or like value as the replaced or repaired property and (ii) if such destroyed or damaged property was Collateral, such replaced or repaired property shall be deemed Collateral in which HSBC has a first
priority security interest on or after the Grant Effective Date subject to Permitted Liens, and (b) after the occurrence and during the continuance of an Event of Default, all proceeds payable under such casualty policy shall, at the option of
HSBC, be payable to HSBC on account of the Obligations. If Borrower fails to obtain insurance as required under this Section 6.4 or to pay any amount or furnish any required proof of payment to third persons and HSBC, HSBC may make all or part
of such payment or obtain such insurance policies required in this Section 6.4, and take any action under the policies HSBC deems prudent. 
 6.5 Operating Accounts. 
 (a) Maintain at all times the Designated Deposit
Account with HSBC. 
 (b) Upon the occurrence of a Springing Lien Event, for each Collateral Account that Borrower at any time
maintains, Borrower shall cause the applicable bank or financial institution (other than HSBC) at or with which any Collateral Account is maintained to execute and deliver a Control Agreement or other appropriate instrument with respect to such
Collateral Account to perfect HSBC’s Lien in such Collateral Account in accordance with the terms hereunder which Control Agreement may not be terminated without the prior written consent of HSBC. The provisions of the previous sentence shall
not apply to(i) Deposit Accounts exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of Borrower’s 

  
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employees and identified to HSBC by Borrower as such, (ii) foreign Collateral Accounts, (iii) accounts specified in the “Excluded Assets” definition, and (iv) Permitted
Pledged Accounts. 
 6.6 Financial Covenants. 
 (a) Maintain at all times with respect to Borrower Cash of at least one hundred ten percent (110%) of the aggregate Dollar Equivalent amount of the outstanding Advances in the Designated Deposit
Account; and 
 (b) Maintain at all times with respect to Borrower and its Subsidiaries Cash and unrestricted Cash Equivalents
of at least the sum of Thirty Million Dollars ($30,000,000) plus one hundred ten percent (110%) of the aggregate Dollar Equivalent amount of the outstanding Advances, which Cash and Cash Equivalents (i) shall not be subject to any
consensual Lien other than a Lien in favor of HSBC or customary bankers liens or set off rights with respect to deposit accounts and (ii) shall not include Excluded Assets. 

6.7 Protection of Intellectual Property Rights. (a) Use reasonable efforts to (i) protect, defend and maintain the
validity and enforceability of its Intellectual Property, to the extent the failure to so protect, defend or maintain would reasonably be expected to have a material adverse effect on the financial condition or business of Borrower and its
consolidated Subsidiaries, taken as a whole; (ii) promptly advise HSBC in writing of material infringements of its Intellectual Property; and (iii) not allow any Intellectual Property material to Borrower’s business to be abandoned,
forfeited or dedicated to the public without HSBC’s written consent. 
 6.8 Litigation Cooperation. From the date
hereof and continuing through the termination of this Agreement, make available to HSBC, without expense to HSBC, Borrower and its officers, employees and agents and Borrower’s books and records, to the extent that HSBC may deem them reasonably
necessary to prosecute or defend any third-party suit or proceeding instituted by or against HSBC with respect to any Collateral or relating to Borrower. 
 6.9 Access to Collateral; Books and Records. Allow HSBC, or its agents, to inspect the Collateral, if any, and audit and copy Borrower’s Books. Such inspections or audits shall be conducted no
more often than once every twelve (12) months unless an Event of Default has occurred and is continuing. The foregoing inspections and audits shall be at Borrower’s expense, plus reasonable out-of-pocket expenses. 

6.10 Compliance with Laws and Contracts. 
 (a) Hold all Governmental Approvals necessary for the conduct of its business and for complying with all applicable laws relating thereto, except where the failure to do so could not reasonably be
expected to have a Material Adverse Change; 
 (b) Comply with all federal, state, local, or foreign applicable statutes, rules,
regulations, and orders including, without limitation, those relating to environmental protection, occupational safety and health, and equal employment practices, except where the failure to be in compliance could not reasonably be expected to cause
a Material Adverse Change; 
 (c) Not violate or default under any material agreement to which it is a party or by which its
assets are subject or bound, except with respect to any violation or default that could not reasonably be expected to cause a Material Adverse Change; 
 (d) Ensure that neither Borrower or any Person who owns directly or indirectly a controlling interest in or is executive officer or director of Borrower is (i) listed on the Specially Designated
Nationals and Blocked Person List maintained by the Office of Foreign Assets Control (“OFAC”), Department of the Treasury, or any other similar lists maintained by OFAC pursuant to any authorizing statute, executive order or regulation, or
(ii) a Person designated under Section 1(b), (c) or (d) of Executive Order No. 13224 (September 23, 2001), any related enabling legislation or any other similar executive orders; 

(e) Comply with all applicable Federal Bank Secrecy Act and anti-money laundering laws and regulations; and 

  
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 (f) Comply with the USA Patriot Act. 

6.11 Further Assurances. Execute any further instruments and take further action as HSBC reasonably requests to effect the
purposes of this Agreement. 
  

	 	7	NEGATIVE COVENANTS 

Borrower shall not do any of the following without HSBC’s prior written consent: 

7.1 Dispositions. Convey, sell, lease, transfer, assign, or otherwise dispose of (collectively, “Transfer”), or
permit any of its Subsidiaries to Transfer, all or any part of its business or property, except for: 
 (a) Transfers
(i) in the ordinary course of business for reasonably equivalent consideration, (ii) of Inventory in the ordinary course of business; and (iii) of worn-out or obsolete Equipment or no longer used; and 

(b) In connection with Permitted Liens and Permitted Investments; 

(c) Transfers of the Peoria Equipment; 
 (d) Transfers to Borrower, any of its Subsidiaries, any joint ventures or any strategic manufacturing collaborations from Borrower, any of its Subsidiaries, any joint ventures or any strategic
manufacturing collaborations; 
 (e) Transfers of property in connection with sale-leaseback transactions; 

(f) Transfers of property to the extent such property is exchanged for credit against, or proceeds are promptly applied to, the purchase
price of other property used or useful in the business of Borrower or its Subsidiaries; 
 (g)(i) Transfers constituting
licenses of Intellectual Property of Borrower or its Subsidiaries, and (ii) contributions of Intellectual Property to joint ventures; 
 (h) Transfers otherwise permitted by the Loan Documents; 
 (i) Sales or
discounting of delinquent accounts in the ordinary course of business; 
 (j) Transfers in connection with a permitted
acquisition of a portion of the assets or rights acquired; and 
 (k) Transfers of a facility or related facilities, including
property located thereon, in connection with a wind down of a business line or project approved by the Board of Directors of Borrower; and 
 (l) Other Transfers not to exceed Five Million Dollars ($5,000,000) in the aggregate in any fiscal year of Borrower. 
 7.2 Changes in Business, Management, Ownership, or Business Locations. 

(a) Engage in or permit any of its Subsidiaries to engage in any business other than the businesses currently engaged in by Borrower and
such Subsidiary, as applicable, or reasonably related thereto; (b) liquidate or dissolve, except in the case of Subsidiaries; or (c) permit or suffer any Change in Control. 

Borrower shall not, without at least fifteen (15) days prior written notice to HSBC: (1) change its jurisdiction of
organization, (2) change its organizational structure or type, (3) change its legal name, or (4) change any organizational number (if any) assigned by its jurisdiction of organization. 

  
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 7.3 Mergers or Acquisitions. Merge or consolidate, or permit any of its Subsidiaries
to merge or consolidate, with any other Person, or acquire, or permit any of its Subsidiaries to acquire, all or substantially all of the capital stock or property of another Person except where: 

(a) where no Event of Default has occurred and is continuing or would result from such action during the term of this Agreement and
Borrower is the surviving entity; 
 (b) Borrower or a Subsidiary may acquire all or substantially all of the capital stock or
property of another Person so long as no Event of Default has occurred and is continuing at the time of such acquisition or would result from such action, including pursuant to a merger or consolidation, and for all such transactions involving
Borrower, Borrower is the surviving entity; 
 (c) any Subsidiary may merge or consolidate with (i) Borrower provided that
Borrower is the surviving entity, and (ii) one or more other Subsidiaries; 
 (d) Borrower or any Subsidiary may acquire,
all or substantially all of the capital stock or property of another Subsidiary; or 
 (e) such merger, consolidation or
acquisition is a Transfer otherwise permitted pursuant to Section 7.1. 
 7.4 Indebtedness. Create, incur, assume,
or be liable for any Indebtedness, or permit any Subsidiary to do so, other than Permitted Indebtedness. 
 7.5
Encumbrance. (a) Create, incur, allow, or suffer any Lien on any of its property, or assign or convey any right to receive income, including the sale of any Accounts, or permit any of its Subsidiaries to do so, except for Permitted Liens;
(b) permit any Collateral not to be subject to the first priority security interest granted or to be granted herein, except for Permitted Liens; or (c) enter into any agreement, document, instrument or other arrangement (except with or in
favor of HSBC) with any Person which directly or indirectly prohibits or has the effect of prohibiting Borrower or any Subsidiary from assigning, mortgaging, pledging, granting a security interest in or upon, or encumbering any of Borrower’s or
any Subsidiary’s assets or property in favor of HSBC, except for (i) assets or property subject to an agreement to transfer such assets or property, provided such assets or property are permitted to be transferred pursuant to
Section 7.1, (ii) assets or property subject to Liens permitted under clauses (c), (f) or (g) (to the extent related to Liens permitted pursuant to clauses (c) or (f)) of the definition of “Permitted Liens”,
(iii) Permitted Pledged Accounts, (iv) Excluded Assets and (v) customary provisions in leases or licenses restricting the assignment thereof. 
 7.6 Maintenance of Collateral Accounts. Maintain any Collateral Account except pursuant to the terms of Section 6.5(b) hereof. 

7.7 Distributions; Investments. (a) Pay any dividends or make any distribution or payment or redeem, retire or
purchase any capital stock of Borrower other than Permitted Distributions; or (b) directly or indirectly make any Investment other than Permitted Investments, or permit any of its Subsidiaries to do so. 

7.8 Transactions with Affiliates. Directly or indirectly enter into or permit to exist any material transaction with any Affiliate
of Borrower, except for transactions that are (a) upon fair and reasonable terms that are no less favorable to Borrower than would be obtained in an arm’s length transaction with a non-affiliated Person, (b) between or among Borrower
and its Subsidiaries, (c) Permitted Distributions, (d) Permitted Investments, (e) issuances by Borrower or its capital stock, and receipt by Borrower of capital contributions, (f) legal, accounting administrative and other
support services provided to joint ventures, (g) compensation and indemnification of, and other employment arrangements with, directors, officers and employees of Borrower or any of its Subsidiaries entered in the ordinary course of business,
and (h) described in “Certain Relationships and Related Party Transactions” in Borrower’s most recent Form 10-K on file with the SEC. 
 7.9 Subordinated Debt. (a) Make or permit any payment on any Subordinated Debt, except under the terms of the subordination, intercreditor, or other similar agreement to which such
Subordinated Debt is subject, or (b) amend any provision in any document relating to the Subordinated Debt which would adversely affect the subordination thereof to Obligations owed to HSBC. 

  
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 7.10 Compliance. Become an “investment company” or a company controlled by
an “investment company”, under the Investment Company Act of 1940, as amended, or undertake as one of its important activities extending credit to purchase or carry margin stock (as defined in Regulation U of the Board of Governors of the
Federal Reserve System), or use the proceeds of any Credit Extension for that purpose; fail to meet the minimum funding requirements of ERISA, permit a Reportable Event or Prohibited Transaction, as defined in ERISA, to occur; fail to comply with
the Federal Fair Labor Standards Act or violate any other law or regulation, if the violation could reasonably be expected to have a material adverse effect on the business of Borrower and its consolidated Subsidiaries, taken as a whole, or permit
any of its Subsidiaries to do so; withdraw or permit any Subsidiary to withdraw from participation in, permit partial or complete termination of, or permit the occurrence of any other event with respect to, any present pension, profit sharing and
deferred compensation plan which could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency in the aggregate in excess
of Five Million Dollars ($5,000,000). 
 7.11 Designated Deposit Account. Take any action that could cause or permit the
Cash held in the Designated Deposit Account to be less than one hundred ten percent (110%) of the aggregate Dollar Equivalent amount of the outstanding Advances. 
 7.12 Indenture. Take any action that could cause or permit the Obligations not to constitute “Senior Debt” under the Indenture. 

 

	 	8	EVENTS OF DEFAULT 

Any one of the following shall constitute an event of default (an “Event of Default”) under this Agreement: 

8.1 Payment Default. Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date,
or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date). During the cure
period, the failure to make or pay any payment specified under clause (a) or (b) hereunder is not an Event of Default (but no Credit Extension will be made during the cure period); 

8.2 Covenant Default. 
 (a) (i) Borrower fails or neglects to perform any obligation in Section 6.2 within five (5) days of when due, or (ii) Borrower fails or neglects to perform any obligation in Sections
6.5 or 6.6 or violates any covenant in Section 7; or 
 (b) Borrower fails or neglects to perform, keep, or observe any
other term, provision, condition, covenant or agreement contained in this Agreement or any Loan Documents, and as to any default (other than those specified in this Section 8) under such other term, provision, condition, covenant or agreement
that can be cured, has failed to cure the default within ten (10) days after the occurrence thereof; provided, however, that if the default cannot by its nature be cured within the ten (10) day period or cannot after diligent attempts by
Borrower be cured within such ten (10) day period, and such default is likely to be cured within a reasonable time, then Borrower shall have an additional period (which shall not in any case exceed thirty (30) days) to attempt to cure such
default, and within such reasonable time period the failure to cure the default shall not be deemed an Event of Default (but no Credit Extensions shall be made during such cure period). Cure periods provided under this section shall not apply, among
other things, to financial covenants or any other covenants set forth in clause (a) above; 
 8.3 Material Adverse
Change. A Material Adverse Change occurs. 
 8.4 Attachment; Levy; Restraint on Business. 

(a) (i) The service of process seeking to attach, by trustee or similar process, any funds of Borrower or of any entity under the
control of Borrower (including a Subsidiary) on deposit or otherwise maintained with HSBC or any HSBC Affiliate, or (ii) a notice of lien or levy (other than a Lien allowed under clause (b) of the definition of Permitted Liens) is filed
against any of Borrower’s assets by any government agency, and the same under subclauses (i) and (ii) hereof are not, within ten (10) days after the occurrence thereof, discharged or stayed

  
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(whether through the posting of a bond or otherwise); provided, however, no Credit Extensions shall be made during any ten (10) day cure period; or 

(b) (i) any material portion of Borrower’s assets is attached, seized, levied on, or comes into possession of a trustee or
receiver, or (ii) any court order enjoins, restrains, or prevents Borrower from conducting any material part of its business; 
 8.5 Insolvency (a) Borrower fails to be solvent as described under Section 5.5 hereof; (b) Borrower begins an Insolvency Proceeding; or (c) an Insolvency Proceeding is begun
against Borrower and not dismissed or stayed within forty-five (45) days (but no Credit Extensions shall be made while of any of the conditions described in clause (a) exist and/or until any Insolvency Proceeding is dismissed); 

8.6 Other Agreements. There is, under (a) any agreement for loans or borrowed money to which Borrower is a party with HSBC
(other than the Loan Documents and any agreements relating to treasury management services with respect to Indebtedness in the aggregate less than $750,000) or any Affiliate of HSBC a default or event of default, or (b) any agreement to which
Borrower is a party with any other party or parties, any default resulting in a right by such party or parties, whether or not exercised, to accelerate the maturity of any Indebtedness in an amount individually or in the aggregate in excess of Five
Million Dollars ($5,000,000); 
 8.7 Judgments. One or more final judgments, orders, or decrees for the payment of money
in an amount, individually or in the aggregate, of at least Five Million Dollars ($5,000,000) (not covered by independent third-party insurance as to which liability has been accepted by such insurance carrier) shall be rendered against Borrower and
the same are not, within ten (10) days after the entry thereof, discharged or execution thereof stayed or bonded pending appeal, or such judgments are not discharged prior to the expiration of any such stay (provided that no Credit Extensions
will be made prior to the discharge, stay, or bonding of such judgment, order, or decree); 
 8.8 Misrepresentations.
Borrower makes any representation, warranty, or other statement now or later in this Agreement, any Loan Document or in any writing delivered to HSBC or to induce HSBC to enter this Agreement or any Loan Document, and such representation, warranty,
or other statement is incorrect in any material respect when made; 
 8.9 Subordinated Debt. Any subordination provisions
under any document, instrument, or agreement evidencing any Subordinated Debt shall for any reason be revoked or invalidated or otherwise cease to be in full force and effect, any Person shall be in breach thereof or contest in any manner the
validity or enforceability thereof or deny that it has any further liability or obligation thereunder, or the Obligations shall for any reason be subordinated or shall not have the priority contemplated by this Agreement; and 

8.10 Indenture. There is a default or an event of default under the Indenture, or any subordination provisions under the Indenture
shall for any reason be revoked, invalidated, otherwise deemed not to be effective or in full force and effect with respect to the Obligations, any Person shall be in breach of Article 13 (Subordination) of the Indenture or contest in any manner the
validity or enforceability thereof or deny that the Obligations constitute “Senior Debt” thereunder, or the Obligations shall for any reason be subordinated or shall not have the priority as “Senior Debt” under the Indenture.

  

	 	9	BANK’S RIGHTS AND REMEDIES 

 9.1 Rights and Remedies. While an Event of Default occurs and continues HSBC may, without notice or demand, do any or all of the following: 

(a) declare all Obligations immediately due and payable (but if an Event of Default occurs under Section 8.2(a)(ii) (with respect to
a violation of Section 7.11) or under Section 8.5, all Obligations are immediately due and payable without any action by HSBC); 
 (b) stop advancing money or extending credit for Borrower’s benefit under this Agreement or under any other agreement between Borrower and HSBC; 

(c) demand that Borrower (i) deposit cash with HSBC in an amount up to one hundred five (105%) (or up to one hundred ten
percent (110%) if the Letter of Credit is denominated in Foreign Currency) of the 

  
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Dollar Equivalent of the aggregate face amount of all Letters of Credit remaining undrawn (plus all interest, fees, and costs due or to become due in connection therewith (as estimated by HSBC in
its good faith business judgment)), to secure all of the Obligations relating to such Letters of Credit, as collateral security for the repayment of any future drawings under such Letters of Credit, and Borrower shall forthwith deposit and pay such
amounts, and (ii) pay in advance all letter of credit fees scheduled to be paid or payable over the remaining term of any Letters of Credit; 
 (d) on or after the Grant Effective Date, settle or adjust disputes and claims directly with Account Debtors for amounts on terms and in any order that HSBC considers advisable, notify any Person owing
Borrower money of HSBC’s security interest in such funds, and verify the amount of such account; 
 (e) on or after the
Grant Effective Date, make any payments and do any acts it considers necessary or reasonable to protect the Collateral and/or its security interest in the Collateral. Borrower shall assemble the Collateral if HSBC requests and make it available as
HSBC designates. HSBC may enter premises where the Collateral is located, take and maintain possession of any part of the Collateral, and pay, purchase, contest, or compromise any Lien which appears to be prior or superior to its security interest
and pay all expenses incurred. Borrower grants HSBC a license to enter and occupy any of its premises, without charge, to exercise any of HSBC’s rights or remedies; 
 (f) apply to the Obligations any (i) balances and deposits of Borrower it holds (including without limitation the Designated Deposit Account), or (ii) any amount held by HSBC owing to or for the
credit or the account of Borrower; 
 (g) on or after the Grant Effective Date, ship, reclaim, recover, store, finish, maintain,
repair, prepare for sale, advertise for sale, and sell the Collateral. HSBC is hereby granted a non-exclusive, royalty-free license or other right to use, without charge, Borrower’s labels, Patents, Copyrights, mask works, rights of use of any
name, trade secrets, trade names, Trademarks, and advertising matter, or any similar property as it pertains to the Collateral , in completing production of, advertising for sale, and selling any Collateral and, in connection with HSBC’s
exercise of its rights under this Section, Borrower’s rights under all licenses and all franchise agreements inure to HSBC’s benefit; 
 (h) place a “hold” on any account maintained with HSBC or its Affiliates and/or on or after the Grant Effective Date, deliver a notice of exclusive control, any entitlement order, or other
directions or instructions pursuant to any Control Agreement or similar agreements providing control of any Collateral ; 
 (i)
on or after the Grant Effective Date, demand and receive possession of Borrower’s Books; and 
 (j) exercise all rights and
remedies available to HSBC under the Loan Documents or at law or equity, including all remedies provided under the Code (including on or after the Grant Effective Date, disposal of the Collateral pursuant to the terms thereof). 

Whether or not an Event of Default shall have occurred and be continuing and without prejudice to any of the remedies set forth above,
HSBC shall not be required to comply with any request or instruction of Borrower if the direct result of complying with such instruction or request would be to cause a Default or Event of Default to exist. 

9.2 Power of Attorney. Borrower hereby irrevocably appoints HSBC as its lawful attorney-in-fact, exercisable upon the occurrence
and during the continuance of a Springing Lien Event, to: (a) endorse Borrower’s name on any checks or other forms of payment or security; (b) sign Borrower’s name on any invoice or bill of lading for any Account or drafts
against Account Debtors; (c) settle and adjust disputes and claims about the Accounts directly with Account Debtors, for amounts and on terms HSBC determines reasonable; (d) make, settle, and adjust all claims under Borrower’s
insurance policies; (e) on or after the Grant Effective Date, pay, contest or settle any Lien, charge, encumbrance, security interest, and adverse claim in or to the Collateral, or any judgment based thereon, or otherwise take any action to
terminate or discharge the same; and (f) on or after the Grant Effective Date, transfer the Collateral into the name of HSBC or a third party as the Code permits. On or after the Grant Effective Date, Borrower hereby appoints HSBC as its lawful
attorney-in-fact to sign Borrower’s name on any documents necessary to perfect or continue the perfection of HSBC’s security interest in the Collateral until all Obligations have been satisfied in full (other than inchoate indemnity
obligations) and HSBC is under no further obligation to 

  
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make Credit Extensions hereunder. HSBC’s foregoing appointment as Borrower’s attorney in fact, and all of HSBC’s rights and powers, coupled with an interest, are irrevocable until
all Obligations have been fully repaid and performed (other than inchoate indemnity obligations) and HSBC’s obligation to provide Credit Extensions terminates. 
 9.3 Protective Payments. If Borrower fails to obtain the insurance called for by Section 6.4 or fails to pay any premium thereon or fails to pay any other amount which Borrower is obligated to
pay under this Agreement or any other Loan Document, HSBC may obtain such insurance or make such payment, and all amounts so paid by HSBC are HSBC Expenses and immediately due and payable, bearing interest at the then highest rate applicable to the
Obligations and, on and after the Grant Effective Date, secured by the Collateral. HSBC will make reasonable efforts to provide Borrower with notice of HSBC obtaining such insurance at the time it is obtained or within a reasonable time thereafter.
No payments by HSBC are deemed an agreement to make similar payments in the future or HSBC’s waiver of any Event of Default. 
 9.4 Application of Payments and Proceeds Upon Default. If an Event of Default has occurred and is continuing, HSBC may apply any funds in its possession, whether from Borrower account balances,
payments, proceeds realized as the result of any collection of Accounts or other disposition of the Collateral , or otherwise, to the Obligations in such order as HSBC shall determine in its sole discretion. Any surplus shall be paid to Borrower or
other Persons legally entitled thereto; Borrower shall remain liable to HSBC for any deficiency. If HSBC, in its good faith business judgment, directly or indirectly enters into a deferred payment or other credit transaction with any purchaser at
any sale of Collateral , HSBC shall have the option, exercisable at any time, of either reducing the Obligations by the principal amount of the purchase price or deferring the reduction of the Obligations until the actual receipt by HSBC of cash
therefor. 
 9.5 HSBC’s Liability for Collateral. So long as HSBC complies with reasonable banking practices
regarding the safekeeping of the Collateral in the possession or under the control of HSBC, HSBC shall not be liable or responsible for: (a) the safekeeping of the Collateral ; (b) any loss or damage to the Collateral ; (c) any
diminution in the value of the Collateral ; or (d) any act or default of any carrier, warehouseman, bailee, or other Person. Borrower bears all risk of loss, damage or destruction of the Collateral . 

9.6 No Waiver; Remedies Cumulative. HSBC’s failure, at any time or times, to require strict performance by Borrower of any
provision of this Agreement or any other Loan Document shall not waive, affect, or diminish any right of HSBC thereafter to demand strict performance and compliance herewith or therewith. No waiver hereunder shall be effective unless signed by the
party granting the waiver and then is only effective for the specific instance and purpose for which it is given. HSBC’s rights and remedies under this Agreement and the other Loan Documents are cumulative. HSBC has all rights and remedies
provided under the Code, by law, or in equity. HSBC’s exercise of one right or remedy is not an election and shall not preclude HSBC from exercising any other remedy under this Agreement or other remedy available at law or in equity, and
HSBC’s waiver of any Event of Default is not a continuing waiver. HSBC’s delay in exercising any remedy is not a waiver, election, or acquiescence. 
 9.7 Demand Waiver. Borrower waives demand, notice of default or dishonor, notice of payment and nonpayment, notice of any default, nonpayment at maturity, release, compromise, settlement,
extension, or renewal of accounts, documents, instruments, chattel paper, and guarantees held by HSBC on which Borrower is liable. 

  
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	 	10	NOTICES 

 All
notices, consents, requests, approvals, demands, or other communication by any party to this Agreement or any other Loan Document must be in writing and shall be deemed to have been validly served, given, or delivered: (a) upon the earlier of
actual receipt and three (3) Business Days after deposit in the U.S. mail, first class, registered or certified mail return receipt requested, with proper postage prepaid; (b) upon transmission, when sent by electronic mail (with receipt
acknowledged) or facsimile transmission; (c) one (1) Business Day after deposit with a reputable overnight courier with all charges prepaid; or (d) when delivered, if hand-delivered by messenger, all of which shall be addressed to the
party to be notified and sent to the address, facsimile number, or email address indicated below. HSBC or Borrower may change its mailing or electronic mail address or facsimile number by giving the other party written notice thereof in accordance
with the terms of this Section 10. 
  

			
	If to Borrower:                	  	 Solazyme, Inc.
 225 Gateway
Blvd.
 South San Francisco, CA 94080

Attn: Paul Quinlan
 Fax:
(650) 989-6700

 Email: pquinlan@solazyme.com

		
	If to HSBC:	  	 HSBC Bank USA, National Association
 601 Montgomery Street, Suite 1090
 San Francisco, CA 94111, USA

Attn: Christopher M. Ames
 Fax:
(415) 678-3054
Email: christopher.m.ames@us.hsbc.com

  

	 	11	CHOICE OF LAW, VENUE, JURY TRIAL WAIVER, AND JUDICIAL REFERENCE 

 This Agreement and the other Loan Documents shall be governed by and construed in accordance with the laws of the State of New York applied to contracts to be performed wholly within the State of New
York. Any judicial proceeding brought by HSBC against Borrower with respect to any of the Obligations, this Agreement or any other Loan Document or related agreement may be brought in any court of competent jurisdiction in the County of New York,
State of New York, United States of America, and, by execution and delivery of this Agreement, Borrower accepts for itself and in connection with its properties, generally and unconditionally, the non-exclusive jurisdiction of the aforesaid courts
in connection with any such judicial proceeding brought by HSBC against Borrower, and irrevocably agrees to be bound by any judgment rendered thereby in connection with this Agreement. Borrower hereby waives personal service of any and all process
upon it and consents that all such service of process may be made by registered mail (return receipt requested) directed to Borrower at its address set forth in Section 10 and service so made shall be deemed completed five (5) days after
the same shall have been so deposited in the mails of the United States of America. Nothing herein shall affect the right to serve process in any manner permitted by law or shall limit the right of HSBC to bring proceedings against Borrower in the
courts of any other jurisdiction. Borrower waives any objection to jurisdiction and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. Any
judicial proceeding by Borrower against HSBC involving, directly or indirectly, any matter or claim in any way arising out of, related to or connected with this Agreement or any related agreement, shall be brought only in a federal or state court
located in the County of New York, State of New York. 
 TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, BORROWER AND HSBC
EACH WAIVE THEIR RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL OTHER CLAIMS. THIS WAIVER IS A
MATERIAL INDUCEMENT FOR BOTH PARTIES TO ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH ITS COUNSEL. 

WITHOUT INTENDING IN ANY WAY TO LIMIT THE PARTIES’ AGREEMENT TO WAIVE THEIR RESPECTIVE RIGHT TO A TRIAL BY JURY, if the above waiver
of the right to a trial by jury is not enforceable, the parties hereto agree that any and all disputes or controversies of any nature between them arising at any time shall be decided by a reference to a private judge, mutually selected by the
parties (or, if they cannot agree, by the 

  
 -33-

 
Presiding Judge of the New York County, New York Superior Court) appointed in accordance with California Code of Civil Procedure Section 638 (or pursuant to comparable provisions of federal
law if the dispute falls within the exclusive jurisdiction of the federal courts), sitting without a jury, in New York County, New York; and the parties hereby submit to the jurisdiction of such court. The reference proceedings shall be conducted
pursuant to and in accordance with the provisions of California Code of Civil Procedure §§ 638 through 645.1, inclusive. The private judge shall have the power, among others, to grant provisional relief, including without limitation,
entering temporary restraining orders, issuing preliminary and permanent injunctions and appointing receivers. All such proceedings shall be closed to the public and confidential and all records relating thereto shall be permanently sealed. If
during the course of any dispute, a party desires to seek provisional relief, but a judge has not been appointed at that point pursuant to the judicial reference procedures, then such party may apply to the New York County, New York Superior Court
for such relief. The proceeding before the private judge shall be conducted in the same manner as it would be before a court under the rules of evidence applicable to judicial proceedings. The parties shall be entitled to discovery which shall be
conducted in the same manner as it would be before a court under the rules of discovery applicable to judicial proceedings. The private judge shall oversee discovery and may enforce all discovery rules and orders applicable to judicial proceedings
in the same manner as a trial court judge. The parties agree that the selected or appointed private judge shall have the power to decide all issues in the action or proceeding, whether of fact or of law, and shall report a statement of decision
thereon pursuant to California Code of Civil Procedure § 644(a). Nothing in this paragraph shall limit the right of any party at any time to exercise self-help remedies, foreclose against Collateral , or obtain provisional remedies. The private
judge shall also determine all issues relating to the applicability, interpretation, and enforceability of this paragraph. 
  

	 	12	GENERAL PROVISIONS 

12.1 Successors and Assigns. This Agreement binds and is for the benefit of the successors and permitted assigns of each party.
Borrower may not assign this Agreement or any rights or obligations under it without HSBC’s prior written consent (which may be granted or withheld in HSBC’s discretion). HSBC has the right, without the consent of, but with contemporaneous
notice to Borrower, to sell, transfer, assign, or grant participation in all or any part of, or any interest in, HSBC’s obligations, rights, and benefits under this Agreement and the other Loan Documents to an Eligible Assignee. No transferee
or assignee shall be entitled to receive any greater payment under Section 3.6(a)(i) with respect to any transferred interest than the assignor or transferor would have been entitled to receive, except to the extent such entitlement to receive
a greater payment results from a Change in Law that occurs after the transferee or assignee acquired the applicable interest. 

12.2 Indemnification. 
 (a) Borrower shall indemnify HSBC and its officers, directors, Affiliates, employees and agents from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, reasonable and documented out-of-pocket expenses, and disbursements of any kind or nature whatsoever (including, without limitation, reasonable fees and disbursements of counsel) which may be imposed on, incurred by, or asserted
against HSBC in any litigation, proceeding or investigation instituted or conducted by any governmental agency or instrumentality or any other Person (other than HSBC or an Affiliate thereof) with respect to any aspect of, or any transaction
contemplated by, or referred to in, or any matter related to, this Agreement or the other Loan Documents, whether or not HSBC is a party thereto, except to the extent that any of the foregoing is caused by the gross negligence or willful misconduct
of the party being indemnified (as determined by a court of competent jurisdiction in a final and non-appealable judgment). 

(b) Borrower shall indemnify HSBC and hold HSBC harmless from and against any and all losses or expenses that HSBC may sustain or incur
as a consequence of any prepayment, conversion of or any default by Borrower in the payment of the principal of or interest on any Eurodollar Advance or failure by Borrower to complete a borrowing of, a prepayment of or conversion of or to a
Eurodollar Advance after notice thereof has been given, including, but not limited to, any interest payable by HSBC to lenders of funds obtained by it in order to make or maintain its Eurodollar Advances hereunder. A certificate as to any additional
amounts payable pursuant to the foregoing sentence submitted by HSBC to Borrower shall be conclusive absent manifest error. 

(c) Borrower shall indemnify HSBC and hold HSBC harmless from and against any and all losses or expenses that may be sustained or
incurred as a consequence of HSBC’s (a) actions or failures to act where such actions or failures to act were at the direction or request of Borrower or (b) actions or failures to act that were contrary to the direction or request of
Borrower where HSBC’s compliance with such direction or request would have directly resulted in a Default or Event of Default, except to the extent that any of the foregoing is caused by the

  
 -34-

 
gross negligence or willful misconduct of the party being indemnified (as determined by a court of competent jurisdiction in a final and non-appealable judgment). 

(d) This Section 12.2 shall not apply with respect to taxes, other than any taxes that represent losses, claims, damages, etc.
arising from any non-tax claim. For the avoidance of doubt, this Section 12.2(d) shall not limit the application of Section 3.6(a)(i). 
 12.3 Time of Essence. Time is of the essence for the performance of all Obligations in this Agreement. 
 12.4 Severability of Provisions. Each provision of this Agreement is severable from every other provision in determining the enforceability of any provision. 

12.5 Correction of Loan Documents. HSBC may correct patent errors and fill in any blanks in the Loan Documents consistent with the
agreement of the parties so long as HSBC provides Borrower with written notice of such correction and allows Borrower at least ten (10) days to object to such correction. In the event of such objection, such correction shall not be made except
by an amendment signed by both HSBC and Borrower. 
 12.6 Amendments in Writing; Waiver; Integration. No purported
amendment or modification of any Loan Document, or waiver, discharge or termination of any obligation under any Loan Document, shall be enforceable or admissible unless, and only to the extent, expressly set forth in a writing signed by the party
against which enforcement or admission is sought. Without limiting the generality of the foregoing, no oral promise or statement, nor any action, inaction, delay, failure to require performance or course of conduct shall operate as, or evidence, an
amendment, supplement or waiver or have any other effect on any Loan Document. Any waiver granted shall be limited to the specific circumstance expressly described in it, and shall not apply to any subsequent or other circumstance, whether similar
or dissimilar, or give rise to, or evidence, any obligation or commitment to grant any further waiver. The Loan Documents represent the entire agreement about this subject matter and supersede prior negotiations or agreements. All prior agreements,
understandings, representations, warranties, and negotiations between the parties about the subject matter of the Loan Documents merge into the Loan Documents. 
 12.7 Maximum Charges. In no event whatsoever shall interest and other charges charged hereunder exceed the highest rate permissible under law. In the event interest and other charges as computed
hereunder would otherwise exceed the highest rate permitted under law, such excess amount shall be first applied to any unpaid principal balance owed by Borrower, and if the then remaining excess amount is greater than the previously unpaid
principal balance, HSBC shall promptly refund such excess amount to Borrower and the provisions hereof shall be deemed amended to provide for such permissible rate. 
 12.8 Counterparts. This Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, is an original, and
all taken together, constitute one Agreement. 
 12.9 Survival. All covenants, representations and warranties made in
this Agreement continue in full force until this Agreement has terminated pursuant to its terms and all Obligations (other than inchoate indemnity obligations and any other obligations which, by their terms, are to survive the termination of this
Agreement) have been paid in full and satisfied. The obligation of Borrower in Section 12.2 to indemnify HSBC shall survive until the statute of limitations with respect to such claim or cause of action shall have run. 

12.10 Confidentiality/Sharing of Information. 
 (a) HSBC shall hold all non-public information obtained by Borrower pursuant to the requirements of this Agreement in accordance with HSBC’s customary procedures for handling confidential information
of this nature; provided, however, HSBC may disclose such confidential information (i) to its examiners, affiliates, outside auditors, counsel and other professional advisors, (ii) to any prospective transferees, and
(iii) as required or requested by any Governmental Authority or pursuant to legal process or applicable law; provided, further that (x) unless specifically prohibited by applicable law or court order, HSBC shall use
reasonable efforts prior to disclosure thereof, to notify Borrower of the applicable request for disclosure of such non-public information (A) by a Governmental Authority (other than any such request in connection with an examination of the
financial condition of HSBC by such Governmental Authority) or (B) pursuant to legal process and (y) in no event shall HSBC be obligated to return any materials furnished by Borrower other than those documents and instruments

  
 -35-

 
in possession of HSBC in order to perfect its Lien on the Collateral once the Obligations have been paid in full and this Agreement has been terminated. 

(b) Borrower acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to
Borrower or one or more of its Affiliates (in connection with this Agreement or otherwise) by HSBC or by one or more Subsidiaries or Affiliates of HSBC and Borrower hereby authorizes HSBC to share any information delivered to HSBC by Borrower and
its Subsidiaries pursuant to this Agreement, or in connection with the decision of HSBC to enter into this Agreement, to any such Subsidiary or Affiliate of HSBC, it being understood that any such Subsidiary or Affiliate of any Lender receiving such
information shall be bound by the provision of this Section 12.10. Such authorization shall survive the repayment of the Obligations and the termination of this Agreement 
 12.11 Attorneys’ Fees, Costs and Expenses. All reasonable and documented out-of-pocket costs and expenses may be charged to the Designated Deposit Account and shall be part of the Obligations,
including, without limitation: 
 (a) reasonable and documented attorneys’ fees and disbursements incurred by HSBC,
(i) in all efforts made to enforce payment of any Obligation or effect collection of any Collateral , or (ii) in connection with the entering into, modification, amendment and administration of this Agreement or any consents or waivers
hereunder and all related agreements, documents and instruments, or (iii) in instituting, maintaining, preserving, enforcing and foreclosing on HSBC’s security interest in or Lien on any of the Collateral , whether through judicial
proceedings or otherwise, or (iv) in defending or prosecuting any actions or proceedings arising out of or relating to HSBC’s transactions with Borrower, or (v) in connection with any advice given to HSBC with respect to its rights
and obligations under this Agreement and all related agreements, or (vi) in connection with the enforcement of this Agreement or any consent or waivers hereunder and all related agreements, documents and instruments and 

(b) after a Springing Lien Event, reasonable fees and disbursements incurred by HSBC in connection with any appraisals of Inventory or
other Collateral , field examinations, Collateral analysis or monitoring or other business analysis conducted by outside Persons in connection with this Agreement and all related agreements. 

12.12 Electronic Execution of Documents. The words “execution,” “signed,” “signature” and words of
like import in any Loan Document shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity and enforceability as a manually executed signature or the use
of a paper-based recordkeeping systems, as the case may be, to the extent and as provided for in any applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act. 

12.13 Captions. The headings used in this Agreement are for convenience only and shall not affect the interpretation of this
Agreement. 
 12.14 Construction of Agreement. The parties mutually acknowledge that they and their attorneys have
participated in the preparation and negotiation of this Agreement. In cases of uncertainty this Agreement shall be construed without regard to which of the parties caused the uncertainty to exist. 

12.15 Relationship. The relationship of the parties to this Agreement is determined solely by the provisions of this Agreement.
The parties do not intend to create any agency, partnership, joint venture, trust, fiduciary or other relationship with duties or incidents different from those of parties to an arm’s-length contract. 

12.16 Third Parties. Nothing in this Agreement, whether express or implied, is intended to: (a) confer any benefits, rights
or remedies under or by reason of this Agreement on any persons other than the express parties to it and their respective permitted successors and assigns; (b) relieve or discharge the obligation or liability of any person not an express party
to this Agreement; or (c) give any person not an express party to this Agreement any right of subrogation or action against any party to this Agreement. 
 12.17 Publicity. Borrower hereby authorizes HSBC, upon prior notice, to make appropriate announcements of the financial arrangement entered into among Borrower and HSBC, including, without
limitation, announcements which are commonly known as tombstones, in such publications and to such selected parties as HSBC shall in its sole and absolute discretion deem appropriate. In addition, Borrower upon prior notice authorizes

  
 -36-

 
HSBC to include Borrower’s name and logo in select transaction profiles and client testimonials prepared by HSBC for use in publications, company brochures and other marketing materials of
HSBC. 
 12.18 Patriot Act Notice. HSBC hereby notifies Borrower that pursuant to the requirements of the USA PATRIOT
Act, it is required to obtain, verify and record information that identifies Borrower, which information includes the names and addresses of Borrower and other information that will allow HSBC to identify Borrower in accordance with the USA PATRIOT
Act. 
 12.19 Injunctive Relief. Borrower recognizes that, in the event Borrower fails to perform, observe or discharge
any of its obligations or liabilities under this Agreement, any remedy at law may prove to be inadequate relief to Lenders; therefore, HSBC, if HSBC so requests, shall be entitled to temporary and permanent injunctive relief in any such case without
the necessity of proving that actual damages are not an adequate remedy. 
 12.20 Consequential Damages. None of HSBC nor
any agent or attorney for any of them, shall be liable to Borrower for indirect, punitive, exemplary, incidental, special or consequential damages arising from any breach of contract, tort or other wrong relating to the establishment, administration
or collection of the Obligations. 
 12.21 Senior Debt. All Obligations under this Agreement constitute Senior Debt for
purposes of the Indenture. 
 [Signature page follows.] 

  
 -37-

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the Effective Date. 
 BORROWER: 

Solazyme, Inc. 
 By: /s/ Tyler Painter

 Name: Tyler Painter 
 Title: Chief
Financial Officer 
 HSBC: 
 HSBC
Bank, USA, National Association 
 By: /s/ Christopher Ames 
 Name: Christopher Ames 
 Title: VP, Relationship ManagerEX-4.1

 Exhibit 4.1 
 EXECUTION VERSION 
  

 
  

MALLINCKRODT INTERNATIONAL FINANCE S.A., 
 as Issuer 
 AND 

COVIDIEN INTERNATIONAL FINANCE S.A., 
 as Guarantor 
 AND 

DEUTSCHE BANK TRUST 
 COMPANY AMERICAS, 
 as Trustee 

INDENTURE 
 Dated
as of April 11, 2013 
 3.500% SENIOR NOTES DUE 2018 

4.750% SENIOR NOTES DUE 2023 
  

 
  

 TABLE OF CONTENTS 

 
  

 

							
	 	  	 	  	PAGE	 
	
	ARTICLE 1	  
	DEFINITIONS	  
			
	Section 1.01.	  	 Definitions of Terms.
	  	 	2	  
	
	ARTICLE 2	  
	ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND
EXCHANGE OF SECURITIES	  
			
	Section 2.01.	  	 Designation and Terms of Securities.
	  	 	17	  
	Section 2.02.	  	 Form of Securities.
	  	 	19	  
	Section 2.03.	  	 Denominations; Provisions for Payment.
	  	 	23	  
	Section 2.04.	  	 Execution and Authentications.
	  	 	24	  
	Section 2.05.	  	 Transfer and Exchange.
	  	 	25	  
	Section 2.06.	  	 Temporary Securities.
	  	 	36	  
	Section 2.07.	  	 Mutilated, Destroyed, Lost or Stolen Securities.
	  	 	37	  
	Section 2.08.	  	 Cancellation.
	  	 	38	  
	Section 2.09.	  	 Benefits of Indenture.
	  	 	38	  
	Section 2.10.	  	 Authenticating Agent.
	  	 	38	  
	Section 2.11.	  	 CUSIP Numbers.
	  	 	39	  
	Section 2.12.	  	 Wire Transfers.
	  	 	39	  
	
	ARTICLE 3	  
	REDEMPTION OF SECURITIES	  
			
	Section 3.01.	  	 Redemption.
	  	 	40	  
	Section 3.02.	  	 Notice of Redemption.
	  	 	40	  
	Section 3.03.	  	 Payment Upon Redemption.
	  	 	41	  
	Section 3.04.	  	 Special Mandatory Redemption.
	  	 	42	  
	Section 3.05.	  	 Optional Redemption.
	  	 	42	  
	
	ARTICLE 4	  
	CERTAIN COVENANTS	  
			
	Section 4.01.	  	 Payment of Principal, Premium and Interest.
	  	 	43	  
	Section 4.02.	  	 Maintenance of Office or Agency.
	  	 	43	  
	Section 4.03.	  	 Paying Agents.
	  	 	44	  
	Section 4.04.	  	 Statement by Officers as to Default.
	  	 	44	  
	Section 4.05.	  	 Appointment to Fill Vacancy in Office of Trustee.
	  	 	45	  
	Section 4.06.	  	 Limitation on Liens.
	  	 	45	  
	Section 4.07.	  	 Limitation on Sale and Lease-Back Transactions.
	  	 	48	  
	Section 4.08.	  	 Repurchase of Securities Upon a Change of Control Triggering Event
	  	 	48	  

							
	ARTICLE 5	  
	SECURITYHOLDERS’ LISTS AND REPORTS BY THE
COMPANY AND THE TRUSTEE	  
			
	Section 5.01.	  	 Company to Furnish Trustee Names and Addresses of Securityholders.
	  	 	51	  
	Section 5.02.	  	 Preservation of Information; Communications with Securityholders.
	  	 	51	  
	Section 5.03.	  	 Reports by the Company.
	  	 	51	  
	Section 5.04.	  	 Reports by the Trustee.
	  	 	52	  
	
	ARTICLE 6	  
	REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON
EVENT OF DEFAULT	  
			
	Section 6.01.	  	 Events of Default.
	  	 	52	  
	Section 6.02.	  	 Collection of Indebtedness and Suits for Enforcement by Trustee.
	  	 	56	  
	Section 6.03.	  	 Application of Funds Collected.
	  	 	57	  
	Section 6.04.	  	 Limitation on Suits.
	  	 	58	  
	Section 6.05.	  	 Rights and Remedies Cumulative; Delay or Omission not Waiver.
	  	 	59	  
	Section 6.06.	  	 Control by Securityholders.
	  	 	59	  
	Section 6.07.	  	 Undertaking to Pay Costs.
	  	 	60	  
	Section 6.08.	  	 Waiver of Usury, Stay or Extension Laws.
	  	 	60	  
	
	ARTICLE 7	  
	CONCERNING THE TRUSTEE	  
			
	Section 7.01.	  	 Certain Duties and Responsibilities of Trustee.
	  	 	61	  
	Section 7.02.	  	 Certain Rights of Trustee.
	  	 	62	  
	Section 7.03.	  	 Trustee not Responsible for Recitals or Issuance of Securities.
	  	 	64	  
	Section 7.04.	  	 May Hold Securities.
	  	 	64	  
	Section 7.05.	  	 Funds Held in Trust.
	  	 	64	  
	Section 7.06.	  	 Compensation and Reimbursement.
	  	 	65	  
	Section 7.07.	  	 Reliance on Officer’s Certificate.
	  	 	65	  
	Section 7.08.	  	 Disqualification; Conflicting Interests.
	  	 	66	  
	Section 7.09.	  	 Corporate Trustee Required; Eligibility.
	  	 	66	  
	Section 7.10.	  	 Resignation and Removal; Appointment of Successor.
	  	 	66	  
	Section 7.11.	  	 Acceptance of Appointment by Successor.
	  	 	68	  
	Section 7.12.	  	 Merger, Conversion, Consolidation or Succession to Business.
	  	 	68	  
	Section 7.13.	  	 Preferential Collection of Claims Against the Company.
	  	 	69	  

  
 ii 

							
	ARTICLE 8	  
	CONCERNING THE SECURITYHOLDERS	  
			
	Section 8.01.	  	 Evidence of Action by Securityholders.
	  	 	69	  
	Section 8.02.	  	 Proof of Execution by Securityholders.
	  	 	70	  
	Section 8.03.	  	 Who May be Deemed Owners.
	  	 	70	  
	Section 8.04.	  	 Certain Securities Owned by Company Disregarded.
	  	 	70	  
	Section 8.05.	  	 Actions Binding on Future Securityholders.
	  	 	71	  
	
	ARTICLE 9	  
	SUPPLEMENTAL INDENTURES	  
			
	Section 9.01.	  	 Supplemental Indentures Without the Consent of Securityholders.
	  	 	72	  
	Section 9.02.	  	 Supplemental Indentures with Consent of Securityholders.
	  	 	73	  
	Section 9.03.	  	 Effect of Supplemental Indentures.
	  	 	74	  
	Section 9.04.	  	 Securities Affected by Supplemental Indentures.
	  	 	75	  
	Section 9.05.	  	 Execution of Supplemental Indentures.
	  	 	75	  
	
	ARTICLE 10	  
	SUCCESSOR	  
			
	Section 10.01.	  	 Consolidation, Merger and Sale of Assets.
	  	 	76	  
	Section 10.02.	  	 Successor Person Substituted.
	  	 	76	  
	
	ARTICLE 11	  
	SATISFACTION AND DISCHARGE	  
			
	Section 11.01.	  	 [Reserved]
	  	 	77	  
	Section 11.02.	  	 Satisfaction and Discharge of Indenture.
	  	 	77	  
	Section 11.03.	  	 Defeasance and Discharge of Obligations; Covenant Defeasance.
	  	 	78	  
	Section 11.04.	  	 Deposited Funds to be Held in Trust.
	  	 	80	  
	Section 11.05.	  	 Payment of Funds Held by Paying Agents.
	  	 	80	  
	Section 11.06.	  	 Repayment to a Guarantor or the Company.
	  	 	81	  
	Section 11.07.	  	 Reinstatement.
	  	 	81	  
	
	ARTICLE 12	  
	IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND
DIRECTORS	  
			
	Section 12.01.	  	 No Recourse.
	  	 	82	  
	
	ARTICLE 13	  
	MISCELLANEOUS PROVISIONS	  
			
	Section 13.01.	  	 Effect on Successors and Assigns.
	  	 	82	  
	Section 13.02.	  	 Actions by Successor.
	  	 	83	  
	Section 13.03.	  	 Notices.
	  	 	83	  

  
 iii

							
	Section 13.04.	  	 Governing Law.
	  	 	85	  
	Section 13.05.	  	 Treatment of Securities as Debt.
	  	 	85	  
	Section 13.06.	  	 Compliance Certificates and Opinions.
	  	 	85	  
	Section 13.07.	  	 Payments on Business Days.
	  	 	86	  
	Section 13.08.	  	 Conflict with Trust Indenture Act.
	  	 	86	  
	Section 13.09.	  	 Counterparts.
	  	 	86	  
	Section 13.10.	  	 Separability.
	  	 	86	  
	Section 13.11.	  	 No Adverse Interpretation of Other Agreements.
	  	 	86	  
	Section 13.12.	  	 Table of Contents, Headings, Etc.
	  	 	87	  
	Section 13.13.	  	 Consent to Jurisdiction and Service of Process.
	  	 	87	  
	Section 13.14.	  	 Waiver of Jury Trial.
	  	 	88	  
	Section 13.15.	  	 USA Patriot Act.
	  	 	88	  
	Section 13.16.	  	 Force Majeure.
	  	 	89	  
	
	ARTICLE 14	  
	ADDITIONAL AMOUNTS; CERTAIN TAX PROVISIONS	  
			
	Section 14.01.	  	 Redemption Upon Changes in Withholding Taxes
	  	 	89	  
	Section 14.02.	  	 Payment of Additional Amounts
	  	 	90	  
	
	ARTICLE 15	  
	GUARANTEES	  
			
	Section 15.01.	  	 Guarantee.
	  	 	94	  
	Section 15.02.	  	 Execution and Delivery of Guarantee.
	  	 	96	  
	Section 15.03.	  	 Release of CIFSA Guarantee
	  	 	96	  

  
 iv 

 Cross Reference Table* 

 

			
	 Section of Trust

Indenture Act of
 1939, as amended
	  	 Section of
 Indenture

	310(a)	  	7.09
	310(b)	  	7.08
		  	7.10
	311(a)	  	7.13
	311(b)	  	7.13
	312(a)	  	5.01
		  	5.02(a)
	312(b)	  	5.02(b)
	312(c)	  	5.02(b)
	313(a)	  	5.04(a)
	313(b)	  	Inapplicable
	313(c)	  	5.04(a)
		  	5.04(b)
	313(d)	  	5.04(b)
	314(a)	  	5.03
	314(b)	  	Inapplicable
	314(c)	  	13.06
	314(d)	  	Inapplicable
	314(e)	  	13.06
	314(f)	  	Inapplicable
	315(a)	  	7.01
	315(b)	  	6.01(e)
	315(c)	  	7.01(a)
	315(d)	  	7.01(b)
	315(e)	  	6.07
	316(a)	  	6.06, 8.04
	316(b)	  	6.04
	316(c)	  	8.01
	317(a)	  	6.02
	317(b)	  	4.03
	318(a)	  	13.08

  

	*	This Cross-Reference Table does not constitute part of the Indenture and shall not have any bearing on the interpretation of any of its terms or provisions.

  
 v 

 THIS INDENTURE is dated as of April 11, 2013 among MALLINCKRODT INTERNATIONAL FINANCE
S.A., a public limited liability company (société anonyme), incorporated under the laws of the Grand Duchy of Luxembourg, with registered office at 3b, boulevard Prince Henri, L-1724 Luxembourg, Grand Duchy of Luxembourg,
registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés) under the number B 172865 (the “Company”), COVIDIEN INTERNATIONAL FINANCE S.A., a public limited liability
company (société anonyme), incorporated under the laws of the Grand Duchy of Luxembourg, with registered office at 3b, boulevard Prince Henri, L-1724 Luxembourg, Grand Duchy of Luxembourg, registered with the Luxembourg Trade
and Companies Register (Registre de Commerce et des Sociétés) under the number B 123527 (“CIFSA”), and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation (the “Trustee”).

 RECITALS 
 A. The Company has duly authorized the creation of an issue of $300,000,000 aggregate principal amount of 3.500% Senior Notes due 2018 (the “2018 Notes”) and $600,000,000 aggregate
principal amount of 4.750% Senior Notes due 2023 (the “2023 Notes”) and, if and when issued, any Additional Securities of either series, together with any Exchange Securities of either series issued therefor as provided herein (the
2018 Notes, the 2023 Notes, any such Additional Securities of either series and any such Exchange Securities of either series, collectively, the “Securities”), and each of the Company and the Guarantor has duly authorized the
execution and delivery of this Indenture. 
 B. This Indenture is subject to the provisions of the Trust Indenture Act (as
defined below) that are deemed to be incorporated into this Indenture and shall, to the extent applicable, be governed by such provisions. 
 C. All things necessary to make this Indenture a valid agreement, in accordance with its terms, have been done. 

 NOW, THEREFORE, in consideration of the premises and the purchase of the Securities by the
holders thereof, it is mutually covenanted and agreed as follows for the equal and ratable benefit of the holders of Securities: 

ARTICLE 1 

DEFINITIONS 
 Section 1.01. Definitions of Terms.  
 The terms defined in this
Section 1.01 (except as in this Indenture otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this
Section 1.01 and shall include the plural as well as the singular. All other terms used in this Indenture that are defined in the Trust Indenture Act or that are by reference in the Trust Indenture Act defined in the Securities Act of 1933, as
amended (the “Securities Act”) (except as herein otherwise expressly provided or unless the context otherwise requires), shall have the meanings assigned to such terms in the Trust Indenture Act and in the Securities Act as in force
at the Issue Date. All accounting terms used herein and not expressly defined shall have the meanings assigned to such terms in accordance with generally accepted accounting principles, and the term “generally accepted accounting
principles” means such accounting principles as are generally accepted in the United States at the time of any computation. 
 “144A Global Security” means, with respect to any series of Securities, one or more Global Securities substantially in the form of Exhibit A-1 or A-2 hereto, as applicable, bearing the
Private Placement Legend and deposited with or on behalf of, and registered in the name of, the Depositary or its nominee, that will be issued in an aggregate amount of denominations equal in total to the outstanding principal amount of the
Securities of such series sold in global form in reliance on Rule 144A. 
 “2018 Securities” means Securities
of the series denominated “3.500% Senior Notes due 2018” issued in substantially the form of Exhibit A-1 hereto. 

“2023 Securities” means Securities of the series denominated “4.750% Senior Notes due 2023” issued in
substantially the form of Exhibit A-2 hereto. 
 “Additional Amounts” has the meaning set forth in
Section 14.02. 
 “Additional Interest” means all additional interest then owing pursuant to the
Registration Rights Agreement. Whenever in this Indenture, the Securities or the Guarantees there is mentioned, in any context, the payment of principal and premium, if any, redemption price, interest or any other amount payable under or with
respect to any Security, such mention shall be deemed to include mention of the payment of Additional Interest, if any. 

“Additional Securities” means, with respect to any series of Securities, additional Securities of such series (other
than the Initial Securities of such series and other than Exchange Securities exchanged for such Initial Securities) issued from time to time under this Indenture in accordance with Section 2.01. 

“Adjusted Redemption Treasury Rate” with respect to any Redemption Date means the rate equal to the semiannual
equivalent yield to maturity or 

  
 2 

 
interpolated (on a 30/360 day count basis) yield to maturity of the Comparable Redemption Treasury Issue, assuming a price for the Comparable Redemption Treasury Issue (expressed as a percentage
of its principal amount) equal to the Comparable Redemption Treasury Price for such Redemption Date. 

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

“Applicable Procedures”, with respect to any transfer or exchange of or for beneficial interests in any Global Security
for a series of Securities, means the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange at the relevant time. 
 “Attributable Debt”, in connection with a Sale and Lease-Back Transaction, as of any particular time, means the aggregate of present values (discounted at a rate that, at the inception of
the lease, represents the effective interest rate that the lessee would have incurred to borrow over a similar term the funds necessary to purchase the leased assets) of the obligations of the Company, Mallinckrodt plc or any Restricted Subsidiary
for net rental payments during the remaining term of the applicable lease, including any period for which such lease has been extended or, at the option of the lessor, may be extended. The term “net rental payments” under any lease
of any period shall mean the sum of the rental and other payments required to be paid in such period by the lessee thereunder, not including any amounts required to be paid by such lessee, whether or not designated as rental payments or additional
rental payments, on account of maintenance and repairs, reconstruction, insurance, taxes, assessments, water rates or similar charges required to be paid by such lessee thereunder or any amounts required to be paid by such lessee thereunder
contingent upon the amount of sales, maintenance and repairs, reconstruction, insurance, taxes, assessments, water rates or similar charges. 
 “Authenticating Agent” means an authenticating agent appointed with respect to either series of Securities by the Trustee pursuant to Section 2.10. 

“Authentication Order” has the meaning set forth in Section 2.04. 

“Board of Directors” means the Board of Directors of the Company or the applicable Guarantor, as applicable, or any duly
authorized committee of such Board of Directors. 

  
 3 

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

“Business Day”, means any day other than a Saturday, a Sunday or a day on which Federal or State banking institutions or
trust companies in New York City, or in the city where the office or agency for payment on the Securities is maintained pursuant to Section 4.02, are authorized or required by law, regulation or executive order to close. 

“Capital Stock” of any Person means any and all shares, interests, participations, rights in or other equivalents
(however designated) of such Person’s capital stock, other equity interests whether now outstanding or issued after the Issue Date, partnership interests (whether general or limited), any other interest or participation that confers on a Person
the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person and any rights (other than debt securities convertible into Capital Stock), warrants or options exchangeable for or convertible into such
Capital Stock. 
 “Change of Control” means the occurrence of any of the following after the Completion Date
(i) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the assets of Parent and its subsidiaries
taken as a whole to any “person” or group of “persons” (as that term is used in Section 13(d)(3) of the Exchange Act) other than to Parent or one of its subsidiaries; (ii) the consummation of any transaction (including,
without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5
under the Exchange Act), directly or indirectly, of more than 50% of the outstanding Voting Stock (measured by voting power rather than number of shares) of Parent; or (iii) at any time after the Completion Date, the first day on which the
majority of the members of the board of directors of Parent cease to be Continuing Directors; (iv) Parent consolidates with, or merges with or into, any person, or any person consolidates with, or merges with or into, Parent, in any such event
pursuant to a transaction in which any of the outstanding Voting Stock of Parent or such other person is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of the Voting Stock of
Parent outstanding immediately prior to such transaction constitute, or are converted into or exchanged for, a majority of the Voting Stock of the surviving person immediately after giving effect to such transaction; or (v) the adoption of a
plan relating to the liquidation or dissolution of Parent. Notwithstanding the foregoing, a transaction effected to create a holding company for Parent will not be deemed to involve a Change of Control if: (i) pursuant to such transaction
Parent becomes 

  
 4 

 
a wholly-owned subsidiary of such holding company and (ii) the holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as the
holders of Voting Stock of Parent immediately prior to that transaction. 
 “Change of Control Offer” has the
meaning set forth in Section 4.08(a). 
 “Change of Control Payment Date” has the meaning set forth in
Section 4.08(b)(ii). 
 “Change of Control Triggering Event” means the occurrence of both a Change of
Control and a Ratings Event. 
 “Clearstream” means Clearstream Banking société anonyme, or its
successors. 
 “Commission” means the Securities and Exchange Commission. 

“Company” means Mallinckrodt International Finance S.A. until a successor entity shall have become such pursuant to
Article 10, and thereafter “Company” shall mean such successor entity. 
 “Company Tax
Jurisdiction” has the meaning set forth in Section 14.02(a). 
 “Comparable Redemption Treasury
Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity comparable to the remaining term of the Securities to be redeemed that will be utilized at the time of selection and in accordance with
customary financial practice in pricing new issues of corporate debt securities of comparable maturity to the remaining term of such Securities. 
 “Comparable Redemption Treasury Price” with respect to any Redemption Date means (x) the average of the Redemption Reference Treasury Dealer Quotations for such Redemption Date,
after excluding the highest and lowest such Redemption Reference Treasury Dealer Quotations (unless there is more than one highest or lowest quotation, in which case only one such highest and/or lowest quotation shall be excluded), or (y) if
the Quotation Agent obtains fewer than four such Redemption Reference Treasury Dealer Quotations, the average of all such Redemption Reference Treasury Dealer Quotations. 
 “Completion Date” means the date on which all of the Guarantee Release Conditions are satisfied. 
 “Consolidated Net Worth” at any date means total assets less total liabilities, in each case appearing on the most recently prepared consolidated

  
 5 

 
balance sheet of (i) prior to the Completion Date, CIFSA and its subsidiaries as of the end of a fiscal quarter of CIFSA and (ii) on or after the Completion Date, Mallinckrodt plc and
its subsidiaries as of the end of a fiscal quarter of Mallinckrodt plc, in each case, prepared in accordance with GAAP as in effect on the date of the consolidated balance sheet. 

“Consolidated Tangible Assets” at any date means total assets less all intangible assets appearing on the most recently
prepared consolidated balance sheet of (i) prior to the Completion Date, CIFSA and its subsidiaries as of the end of a fiscal quarter of CIFSA and (ii) on or after the Completion Date, Mallinckrodt plc and its subsidiaries as of the end of
a fiscal quarter of Mallinckrodt plc, in each case, prepared in accordance with GAAP as in effect on the date of the consolidated balance sheet. “Intangible assets” means the amount (if any) stated under the heading
“Goodwill and Other Intangible Assets, Net” or under any other heading of intangible assets separately listed, in each case on the face of such consolidated balance sheet. 

“Continuing Directors” means, as of any date of determination, any member of the board of directors of Parent who:
(i) was a member of such board of directors on the Completion Date; or (ii) was nominated for election, co-opted or elected to such board of directors with the approval of a majority of the Continuing Directors who were members of such
board of directors at the time of such nomination, co-option or election (either by a specific vote or by approval of the proxy statement in which such member was named as a nominee for election as a director). 

“Corporate Trust Office” means the designated office of the Trustee at which at any time its corporate trust business
shall be administered, which office at the date hereof is located at 60 Wall Street, 27th Floor, New York, New York 10005, Attention: Corporates Team / Mallinckrodt International Finance S.A. (with a copy to Deutsche Bank National Trust Company for
Deutsche Bank Trust Company Americas, Trust & Agency Services, 100 Plaza One, 6th Floor, MS JCY03-0699, Jersey City, New Jersey 07311-3901, Attention: Corporates Team / Mallinckrodt International Finance S.A.) or such other address as the
Trustee may designate from time to time by notice to the Holders and the Company, or the designated corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by notice to the
Holders and the Company). 
 “Date of Determination” has the meaning set forth in Section 3.04(a).

 “Default” means any event, act or condition that with notice or lapse of time, or both, would constitute an
Event of Default. 
 “Defaulted Interest” has the meaning set forth in Section 2.03. 

  
 6 

 “Definitive Security” means, with respect to any series of Securities, a
certificated Security of such series registered in the name of the Securityholder thereof and issued in accordance with Section 2.05. 
 “Depositary”, with respect to the Securities of any series issued in whole or in part as a Global Security, means The Depository Trust Company (“DTC”), New York, New
York, another clearing agency, or any successor registered as a clearing agency under the Exchange Act and any other applicable U.S. or foreign statute or regulation, which, in each case, shall be designated by the Company pursuant to
Section 2.01. 
 “Distribution” means Parent’s issuance of its ordinary shares to holders of record
of Covidien plc’s ordinary shares on the record date for the distribution on a pro rata basis. 
 “Distribution
Compliance Period” means the restricted period as defined in Rule 903(b)(3) under the Securities Act. 

“Dollar” or “$” means such currency of the United States as at the time of payment is legal tender for
the payment of public and private debts. 
 “Euroclear” means Euroclear Bank S.A./N.V., or its successor, as
operator of the Euroclear System. 
 “Event of Default” has the meaning set forth in Section 6.01.

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

“Exchange Securities” means, with respect to any series of Securities, the Securities of such series issued in the
Exchange Offer pursuant to Section 2.05(j). 
 “Exchange Offer” has the meaning set forth in the
Registration Rights Agreement. 
 “Exchange Offer Registration Statement” has the meaning set forth in the
Registration Rights Agreement. 
 “Funded Indebtedness” means any Indebtedness maturing by its terms more than
one year from the date of the determination thereof, including any Indebtedness renewable or extendible at the option of the obligor to a date later than one year from the date of the determination thereof. 

“GAAP” means generally accepted accounting principles set forth in the FASB Accounting Standards Codification or in such
other statements by such other entity as may be approved by a significant segment of the accounting profession of the United States, as in effect from time to time. At any time after 

  
 7 

 
the Issue Date, the Company may elect (by providing written notice to the Trustee) to apply International Financial Reporting Standards (“IFRS”) in lieu of GAAP and, upon any
such election, references herein to GAAP shall thereafter be construed to mean IFRS (except as otherwise provided herein); provided that any such election, once made, shall be irrevocable. 

“Global Security” means, with respect to any series of Securities, a Security of such series executed by the Company and
delivered by the Trustee to the Depositary or pursuant to the Depositary’s instruction, substantially in the form of Exhibit A-1 or A-2 hereto, as applicable, all in accordance with this Indenture, which shall be registered in the name of the
Depositary or its nominee. 
 “Global Security Legend” means the legend set forth in Section 2.02(b) to be
placed on the Global Securities. 
 “Governmental Obligations” means securities that are (i) direct
obligations of the United States for the payment of which its full faith and credit is pledged or (ii) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States, the payment of which is
unconditionally guaranteed as a full faith and credit obligation by the United States that, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank (as defined
in Section 3(a)(2) of the Securities Act) as custodian with respect to any such Governmental Obligation or a specific payment of principal of or interest on any such Governmental Obligation held by such custodian for the account of the holder
of such depositary receipt; provided, however, that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in
respect of the Governmental Obligation or the specific payment of principal of or interest on the Governmental Obligation evidenced by such depositary receipt. 
 “Guarantee” means the unconditional and unsubordinated guarantee by CIFSA, prior to the Completion Date, and Mallinckrodt plc, on and after the Completion Date, of the due and punctual
payment of principal of and interest on the Securities when and as the same shall become due and payable, whether at the stated maturity, by acceleration, call for redemption or otherwise in accordance with the terms of the Securities and this
Indenture. 
 “Guarantee Release Conditions” has the meaning set forth in Section 15.03. 

“Guarantor” means CIFSA, prior to the Completion Date, and Parent, on the Completion Date and thereafter. 

  
 8 

 “herein,” “hereof” and “hereunder,” and other
words of similar import, refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 

“including” means including without limitation. 

“Indebtedness” means, without duplication, the principal amount (such amount being the face amount or, with respect to
original issue discount bonds or zero coupon notes, bonds or debentures or similar securities, determined based on the accreted amount as of the date of the most recently prepared consolidated balance sheet of (i) prior to the Completion Date,
CIFSA and its subsidiaries as of the end of a fiscal quarter of CIFSA and (ii) on or after the Completion Date, Mallinckrodt plc and its subsidiaries as of the end of a fiscal quarter of Mallinckrodt plc, in each case, prepared in accordance
with GAAP as in effect on the date of such consolidated balance sheet) of (i) all obligations for borrowed money, (ii) all obligations evidenced by debentures, notes or other similar instruments, (iii) all obligations in respect of
letters of credit or bankers’ acceptances or similar instruments or reimbursement obligations with respect thereto (such instruments to constitute Indebtedness only to the extent that they are drawn and unreimbursed), (iv) all obligations
to pay the deferred purchase price of property or services, except (A) trade and similar accounts payable and accrued expenses, (B) employee compensation, deferred compensation and pension obligations, and other obligations arising from
employee benefit programs and agreements or other similar employment arrangements, (C) obligations in respect of customer advances received and (D) obligations in connection with earnout and holdback agreements, in each case in the
ordinary course of business, (v) all obligations as lessee to the extent capitalized in accordance with GAAP and (vi) all Indebtedness of others consolidated in such balance sheet that is guaranteed by the Company or any of its
subsidiaries or for which the Company or any of its subsidiaries is legally responsible or liable (whether by agreement to purchase indebtedness of, or to supply funds or to invest in, others). 

“Indenture” means this instrument as originally executed or as it may from time to time be supplemented or amended by
one or more indentures supplemental hereto entered into in accordance with the terms hereof. 
 “Indirect
Participant” means any entity that, with respect to DTC, clears through or maintains a direct or indirect, custodial relationship with a Participant. 
 “Initial Purchasers” means the initial purchasers party to the Purchase Agreement relating to the sale of the Initial Securities by the Company. 

  
 9 

 “Initial Securities” means the Securities of either series issued on the
Issue Date and any Securities issued in replacement thereof, but not including any Exchange Securities issued in exchange therefor. 
 “Institutional Accredited Investor” means an institution that is an “accredited investor” as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities
Act, who is not also a QIB. 
 “Interest Payment Date,” means April 15 and October 15 of each year to
stated maturity; provided that if any Interest Payment Date would otherwise be a day that is not a Business Day, the related payment of interest will be postponed to the next date that is a Business Day and no interest will accrue on the amounts so
payable for the period from and after that Interest Payment Date to the next date that is a Business Day. 
 “Investment
Grade” means a rating equal to or better than Baa3 (or the equivalent under any successor ratings category of Moody’s) by Moody’s and BBB– (or the equivalent under any successor ratings category of S&P) by S&P.

 “Issue Date” means April 11, 2013. 

“Letter of Transmittal” means the letter of transmittal to be prepared by the Company and sent to all Holders of the
Securities of a series for use by such Holders in connection with the Exchange Offer. 
 “Moody’s” means
Moody’s Investors Service, Inc., and its successors. 
 “Non-Recourse Indebtedness” means Indebtedness
upon the enforcement of which recourse may be had by the holder(s) thereof only to identified assets of the Company or a Guarantor or any subsidiary of the Company or a Guarantor and not to the Company or a Guarantor or any subsidiary of the Company
or a Guarantor personally (subject to, for the avoidance of doubt, customary exceptions contained in non-recourse financings to the non-recourse nature of the obligations thereunder). 

“Offering Memorandum” means the offering memorandum relating to the issuance of the Securities dated April 8, 2013.

 “Officer” means any managing director, director, the chairman or any vice chairman of the Board of
Directors, the chief executive officer, the president, the chief financial officer, any vice president, the treasurer, any assistant treasurer, the secretary or any assistant secretary of the Company or a Guarantor, as the case may be. 

“Officer’s Certificate” means a certificate, signed by any Officer of the Company or a Guarantor, as the case may
be, that is delivered to the Trustee in 

  
 10 

 
accordance with the terms hereof. Each such certificate shall include the statements provided for in Section 13.06, if and to the extent required by the provisions thereof. 

“Opinion of Counsel” means an opinion (which may be subject to customary assumptions, qualifications and exclusions) in
writing of legal counsel, who may be an Officer or employee of or counsel for Company or a Guarantor that is delivered to the Trustee in accordance with the terms hereof. Each such opinion shall include the statements provided for in
Section 13.06, if and to the extent required by the provisions thereof. 
 “Original Issue Discount
Security” means a Security of either series that provides for an amount less than the principal amount thereof to be due and payable upon a declaration of acceleration of the maturity thereof pursuant to Section 6.01. 

“Outstanding”, when used with reference to the Securities of any series, subject to the provisions of Section 8.04,
means, as of any particular time, all Securities of such series authenticated and delivered by the Trustee under this Indenture, except 
 (a) Securities of such series theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 
 (b) Securities of such series, or portions thereof, for the payment or redemption of which funds in the necessary amount shall have been deposited in trust with the Trustee or with any paying agent other
than the Company, or, if the Company shall act as its own paying agent, shall have been set aside, segregated and held in trust by the Company for the Holders of such Securities, provided that if such Securities, or portions thereof, are to be
redeemed prior to the maturity thereof, notice of such redemption shall have been given as herein provided, or provision satisfactory to the Trustee shall have been made for giving such notice; and 

(c) Securities of such series in substitution for which other securities shall have been authenticated and delivered, or which shall have
been paid, pursuant to the terms of Section 2.07, except with respect to any such Security as to which proof satisfactory to the Trustee is presented that such Security is held by a person in whose hands such Security is a legal, valid and
binding obligation of the Company. 
 In determining whether the holders of the requisite principal amount of Outstanding
Securities of a series have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of an Original Issue Discount Security of such series that shall be deemed to be Outstanding for

  
 11 

 
such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the maturity thereof pursuant
to Section 6.01. 
 “Parent” means, on and after the Completion Date, Mallinckrodt plc until a successor
entity shall have become such pursuant to Article 10, and thereafter “Parent” shall mean such successor entity. 
 “Participant”, with respect to the Depositary, Euroclear or Clearstream, means a Person who has an account with the Depositary, Euroclear or Clearstream, respectively (and, with respect
to DTC, shall include Euroclear and Clearstream). 
 “Participating Broker-Dealer” has the meaning set forth in
the Registration Rights Agreement. 
 “Person” means any individual, corporation, limited liability company,
partnership, joint venture, joint-stock company, unincorporated organization or government or any agency or political subdivision thereof. 
 “Predecessor Security” of any particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular Security; and, for the
purposes of this definition, any Security authenticated and delivered under Section 2.07 in lieu of a lost, destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security. 

“Principal Property” means (i) prior to the Completion Date, any U.S. manufacturing, processing or assembly plant
or any U.S. warehouse or distribution facility of CIFSA or any of its subsidiaries and (A) is owned by CIFSA or any subsidiary of CIFSA on the Issue Date, (B) the initial construction of which has been completed after the Issue Date or
(C) is acquired after the Issue Date, in each case, other than any such plants, facilities, warehouses or portions thereof, that in the opinion of the Board of Directors of CIFSA, are not collectively of material importance to the total
business conducted by CIFSA and its subsidiaries as an entirety, or that has a net book value (excluding any capitalized interest expense) on the Issue Date in the case of clause (A) of this definition, on the date of completion of the initial
construction in the case of clause (B) of this definition or on the date of acquisition in the case of clause (C) of this definition, of less than 2.0% of Consolidated Tangible Assets on the consolidated balance sheet of CIFSA and its
subsidiaries as of the applicable date and (ii) on or after the Completion Date, any U.S. manufacturing, processing or assembly plant or any U.S. warehouse or distribution facility of Mallinckrodt plc or any of its subsidiaries and (A) is
owned by Mallinckrodt plc or any subsidiary of Mallinckrodt plc on the Issue Date and after giving effect to the Separation, (B)

  
 12 

 
the initial construction of which has been completed after the Issue Date or (C) is acquired after the Issue Date, in each case other than any such plants, facilities, warehouses or portions
thereof, that in the opinion of the Board of Directors of the Company, are not collectively of material importance to the total business conducted by Mallinckrodt plc and its subsidiaries as an entirety, or that has a net book value (excluding any
capitalized interest expense) on the Issue Date in the case of clause (A) of this definition, on the date of completion of the initial construction in the case of clause (B) of this definition or on the date of acquisition in the case of
clause (C) of this definition, of less than 2.0% of Consolidated Tangible Assets on the consolidated balance sheet of Mallinckrodt plc and its subsidiaries as of the applicable date. 

“Private Placement Legend” means the legend set forth in Section 2.02(a) to be placed on the Securities, except
where otherwise permitted by the provisions of this Indenture. 
 “Purchase Agreement” means the purchase
agreement dated as of April 8, 2013 among the Company, CIFSA and Goldman, Sachs & Co. and J.P. Morgan Securities LLC, as representatives of the Initial Purchasers named therein relating to the sale of the Initial Securities by the
Company. 
 “QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Quotation Agent” means a Redemption Reference Treasury Dealer appointed as such agent by the Company. 

“Rating Agencies” means (1) each of Moody’s and S&P and (2) if either Moody’s or S&P ceases
to rate the applicable series of Securities or fails to make a rating of such Securities publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the
meaning of Rule 15c3–1(c)(2)(vi)(F) under the Exchange Act, selected by the Company as a replacement agency for Moody’s or S&P, or both of them, as the case may be. 

“Ratings Event” means the applicable series of Securities are rated below Investment Grade by both Rating Agencies on
any date during the period (the “Trigger Period”) commencing on the first public announcement of any Change of Control (or pending Change of Control) and ending 60 days following consummation of such Change of Control (which Trigger
Period will be extended following consummation of a Change of Control for so long as either of the Rating Agencies has publicly announced that it is considering a possible change). If a Rating Agency does not provide a rating for the applicable
series of Securities at the commencement of any Trigger Period, such Securities will be deemed to be rated below Investment Grade by such Rating Agency during that Trigger Period. 

  
 13 

 “Record Date” means for the interest or Additional Interest, if any,
payable on any applicable Interest Payment Date means April 1 or October 1 (whether or not a Business Day) next preceding such Interest Payment Date. 
 “Redemption Date” shall mean, with respect to any redemption of any Securities of any series, the date fixed for such redemption pursuant to the terms of this Indenture and such
Securities. 
 “Redemption Reference Treasury Dealer” means (a) each of J.P. Morgan Securities LLC,
Goldman, Sachs & Co., Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. or their respective affiliates which are primary U.S. government securities dealers, and their respective successors; provided, however, that if any of
the foregoing shall cease to be a primary U.S. government securities dealer (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer selected by the Company and (b) any other Primary
Treasury Dealer selected by the Company. 
 “Redemption Reference Treasury Dealer Quotations” with respect to
each Redemption Reference Treasury Dealer and any Redemption Date means the average, as determined by the Quotation Agent, of the bid and offer prices at 11:00 a.m., New York City time, for the Comparable Redemption Treasury Issue (expressed in each
case as a percentage of its principal amount) for settlement on the Redemption Date quoted in writing to the Quotation Agent by such Redemption Reference Treasury Dealer on the third business day preceding such Redemption Date. 

“Registration Rights Agreement” means the Registration Rights Agreement with respect to the Securities dated as of the
Issue Date, among the Company and the Initial Purchasers, as such agreement may be amended, modified or supplemented from time to time (and as may be joined by Parent on or prior to the Completion Date) and, with respect to any Additional
Securities, one or more registration rights agreements between the Company and the other parties thereto, as such agreement(s) may be amended, modified or supplemented from time to time, relating to rights given by the Company to the purchasers of
Additional Securities to register such Additional Securities under the Securities Act. 
 “Regulation S Global
Security” means, with respect to any series of Securities, a Regulation S Temporary Global Security of such series or a Regulation S Permanent Global Security, as applicable. 

“Regulation S Permanent Global Security” means, with respect to any series of Securities, one or more permanent Global
Securities of such series in the form of Exhibit A-1 or A-2 hereto, as applicable, bearing the Private Placement Legend, that will be issued in an aggregate amount of denominations equal in total to the outstanding principal amount of the Regulation
S Temporary Global Security of such series upon expiration of the Distribution Compliance Period. 

  
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 “Regulation S Temporary Global Security” means, with respect to any series
of Securities, one or more temporary Global Securities of such series in the form of Exhibit A-1 or A-2 hereto, as applicable, bearing the Private Placement Legend and the Regulation S Temporary Global Security Legend issued in an aggregate amount
of denominations equal in total to the outstanding principal amount of the Securities of such series initially sold pursuant to Regulation S. 
 “Regulation S Temporary Global Security Legend” means the legend set forth in Section 2.02(c), which is required to be placed on all Regulation S Temporary Global Securities issued
under this Indenture. 
 “Regulation S” means Regulation S promulgated under the Securities Act, as it may be
amended from time to time, and any successor provision thereto. 
 “Responsible Officer” means any officer
within the corporate trust department of the Trustee, including any director, vice president, associate, any assistant vice president, or any other officer of the Trustee customarily performing functions similar to those performed by the Persons who
at the time shall be such officers, respectively, or to whom any corporate trust matter is referred because of his knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this
Indenture. 
 “Restricted Definitive Security” means, with respect to any series of Securities, one or more
Definitive Securities of such series bearing the Private Placement Legend issued under this Indenture. 
 “Restricted
Global Security” means, with respect to any series of Securities, one or more Global Securities of such series bearing the Private Placement Legend issued under this Indenture. 

“Restricted Security” means, with respect to any series of Securities, a Security of such series, unless or until it has
been (i) effectively registered under the Securities Act and disposed of in accordance with a registration statement or (ii) distributed to the public pursuant to Rule 144 under the Securities Act (or any similar provision then in force).

 “Restricted Subsidiary” means any Subsidiary of the Company, or Mallinckrodt plc on or after the Completion
Date, that owns or leases a Principal Property. 
 “Rule 144A” means Rule 144A promulgated under the Securities
Act, as it may be amended from time to time, and any successor provision thereto. 

  
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 “Sale and Lease-Back Transaction” means an arrangement with any Person
providing for the leasing by the Company, Mallinckrodt plc on or after the Completion Date, or a Restricted Subsidiary of any Principal Property whereby such Principal Property has been or is to be sold or transferred by the Company, Mallinckrodt
plc or a Restricted Subsidiary to such Person other than Mallinckrodt plc, the Company or any of their respective Subsidiaries; provided, however, that the foregoing shall not apply to any such arrangement involving a lease for a term, including
renewal rights, for not more than three years. 
 “Securities” has the meaning set forth in the recitals
hereto. 
 “Securityholder,” “Holder,” “holder of Securities,” “registered
holder,” or other similar term, means the Person or Persons in whose name or names a particular Security is registered on the books of the Company kept for that purpose in accordance with the terms of this Indenture. 

“Security Register” has the meaning set forth in Section 2.05(a). 

“Security Registrar” has the meaning set forth in Section 2.05(a). 

“Separation” means the separation of the Pharmaceuticals business from Covidien plc’s other businesses, the
transfer of the assets and liabilities associated with such Pharmaceuticals business to Mallinckrodt plc and the creation, as a result of the Distribution, of an independent, publicly traded company, Mallinckrodt plc, to hold the assets and
liabilities associated with the Pharmaceuticals business after the Distribution. 
 “Shelf Registration
Statement” means the Shelf Registration Statement as defined in the Registration Rights Agreement. 
 “Special
Redemption Date” has the meaning set forth in Section 3.04(a). 
 “Subsidiary”, with respect to
any Person, means any other Person of which at least a majority of the outstanding Voting Stock at the time is owned or controlled directly or indirectly by such Person or by one or more Subsidiaries of such Person or by such Person and one or more
Subsidiaries of such Person. 
 “S&P” means Standard & Poor’s Rating Services, a division of
The McGraw-Hill Companies, Inc., and its successors. 
 “Tax Jurisdiction” has the meaning set forth in
Section 14.02. 
 “Tax Redemption Date” has the meaning set forth in Section 14.01. 

“Taxes” has the meaning set forth in Section 14.02. 

  
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 “Trustee” means Deutsche Bank Trust Company Americas and, subject to the
provisions of Article 7, shall include its successors and assigns. 
 “Trust Indenture Act” means the Trust
Indenture Act of 1939, as amended, as in effect at the date of execution of this instrument subject to the provisions of Sections 9.01 and 9.02. 
 “Unrestricted Definitive Security” means, with respect to any series of Securities, one or more Definitive Securities that do not bear and are not required to bear the Private Placement
Legend, issued under this Indenture. 
 “Unrestricted Global Security” means, with respect to any series of
Securities, one or more permanent Global Securities of such series, substantially in the form of Exhibit A-1 of A-2 hereto, as applicable, that do not bear and are not required to bear the Private Placement Legend, issued under this Indenture.

 “Voting Stock” of any specified person as of any date means the capital stock of such person that is at the
time entitled to vote generally in the election of the board of directors of such person. 
 ARTICLE 2 

ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION
AND EXCHANGE OF SECURITIES 
 Section 2.01. Designation
and Terms of Securities.  
 (a) [Reserved]. 
 (b) Global Securities. The Securities issued in global form shall be substantially in the form of Exhibit A-1 or A-2 attached hereto, as applicable (including the Global Security Legend thereon and
the “Schedule of Exchanges of Securities” attached thereto). Securities issued in definitive form shall be substantially in the form of Exhibit A-1 or A-2 attached hereto, as applicable (but without the Global Security Legend thereon and
the “Schedule of Exchanges of Securities” attached thereto). Each Global Security of any series shall represent such of the outstanding Securities of such series as shall be specified in the “Schedule of Exchanges of Securities”
attached thereto and each shall provide that it shall represent up to the aggregate principal amount of Securities of such series from time to time endorsed thereon and that the aggregate principal amount of outstanding Securities of such series
represented thereby may from time to time be reduced or increased, as applicable, to reflect exchanges and redemptions. Any endorsement of a Global Security of any series to reflect the amount of any increase or decrease in the aggregate principal
amount of outstanding Securities represented thereby shall be made by the Trustee or the Depositary, at the direction of the Trustee, in accordance with written instructions given by the holder thereof as required by Section 2.05. 

  
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 (c) Regulation S Temporary Global Security. Securities offered and sold in reliance
on Regulation S shall be issued initially in the form of the Regulation S Temporary Global Security, which shall be deposited on behalf of the purchasers of the Securities represented thereby with the Trustee, as custodian for the Depositary, and
registered in the name of the Depositary or the nominee of the Depositary for the accounts of designated agents holding on behalf of Euroclear or Clearstream, duly executed by the Company and authenticated by the Trustee as hereinafter provided. The
Distribution Compliance Period shall be terminated upon the receipt by the Trustee of: 
 (i) a written
certificate from the Depositary, together with copies of certificates from Euroclear and Clearstream certifying that they have received certification of non-United States beneficial ownership of 100% of the aggregate principal amount of the
Regulation S Temporary Global Security (except to the extent of any beneficial owners thereof who acquired an interest therein during the Distribution Compliance Period pursuant to another exemption from registration under the Securities Act and who
shall take delivery of a beneficial ownership interest in a 144A Global Security bearing a Private Placement Legend, all as contemplated by Section 2.05(d)); and 

(ii) an Officer’s Certificate from the Company. 

Following the termination of the Distribution Compliance Period, beneficial interests in the Regulation S Temporary Global Security of a
series shall be exchanged for beneficial interests in the Regulation S Permanent Global Security of such series pursuant to the Applicable Procedures. Simultaneously with the authentication of the Regulation S Permanent Global Security of a series,
the Trustee shall upon written instruction cancel the Regulation S Temporary Global Security of such series. The aggregate principal amount of the Regulation S Temporary Global Security of a series and the Regulation S Permanent Global Security of a
series may from time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary or its nominee, as the case may be, in connection with transfers of interest as hereinafter provided. 

(d) Terms. The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited.

 The terms and provisions contained in the Securities of a series shall constitute, and are hereby expressly made, a part of
this Indenture with respect to such series of Securities and the Company, the Guarantor and the Trustee, by their execution and delivery of this Indenture (or any supplemental indenture), 

  
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expressly agree to such terms and provisions and to be bound thereby. However, to the extent any provision of any Security conflicts with the express provisions of this Indenture, the provisions
of this Indenture shall govern and be controlling. 
 The Company may issue Additional Securities of a series in any amount
having the same terms as the Securities of such series in all respects, except for the issue date, the issue price, the initial interest payment date and rights under the related registration rights agreement. The Securities of a series issued
hereby and any Additional Securities of such series subsequently issued, together with any Exchange Securities of such series, will be treated as a single class of such series for all purposes hereunder, including for purposes of voting and
redemptions; provided that if the Additional Securities of a series are not fungible with the Securities of such series for U.S. federal income tax purposes, such Additional Securities shall have a separate CUSIP number. Any Additional Securities
shall be issued with the benefit of an indenture supplemental to this Indenture. 
 (e) Euroclear and Clearstream Procedures
Applicable. The provisions of the “Operating Procedures of the Euroclear System” and the “Terms and Conditions Governing Use of Euroclear” and the “General Terms and Conditions” and “Customer Handbook” of
Clearstream, respectively, in effect at the relevant time shall be applicable to transfers of beneficial interests in the Regulation S Global Securities that are held by Participants through Euroclear or Clearstream. 

(f) Liability of Trustee for actions of Depositary. Neither the Trustee nor any agent of the Trustee shall have any responsibility
or liability for any actions taken or not taken by the Depositary. 
 Section 2.02. Form of Securities.  

(a) Each Restricted Security (and all Restricted Securities issued in exchange therefor or substitution thereof) shall bear a Private
Placement Legend in substantially the following form: 
 “THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED,
PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF

  
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AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION
DATE”) THAT IS, IN THE CASE OF RULE 144A NOTES, ONE YEAR AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF, THE ORIGINAL ISSUE DATE OF THE ISSUANCE OF ANY ADDITIONAL NOTES AND THE LAST DATE ON WHICH THE COMPANY OR ANY AFFILIATE OF THE COMPANY
WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY), OR, IN THE CASE OF REGULATION S NOTES, 40 DAYS AFTER THE LATER OF THE ORIGINAL ISSUE DATE HEREOF AND THE DATE ON WHICH THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) WAS
FIRST OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN RULE 902 OF REGULATION S) IN RELIANCE ON REGULATION S, ONLY (A) TO THE COMPANY OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED
EFFECTIVE UNDER THE SECURITIES ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL
BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES TO
NON-U.S. PERSONS THAT OCCUR OUTSIDE THE UNITED STATES WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT, OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE
COMPANY’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (D) OR (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/ OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM.
THIS LEGEND WILL BE REMOVED UPON THE REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. BY ITS ACQUISITION OF THIS 

  
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SECURITY, THE HOLDER HEREOF REPRESENTS AND WARRANTS THAT EITHER (1) NO PORTION OF THE ASSETS USED BY SUCH HOLDER TO ACQUIRE OR HOLD THIS SECURITY CONSTITUTES THE ASSETS OF AN EMPLOYEE
BENEFIT PLAN THAT IS SUBJECT TO TITLE I OF THE U.S. EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), OF A PLAN, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER ARRANGEMENT THAT IS SUBJECT TO SECTION 4975 OF THE U.S. INTERNAL
REVENUE CODE OF 1986, AS AMENDED (THE “CODE”) OR PROVISIONS UNDER ANY OTHER FEDERAL, STATE, LOCAL, NON-U.S. OR OTHER LAWS OR REGULATIONS THAT ARE SIMILAR TO SUCH PROVISIONS OF ERISA OR THE CODE (“SIMILAR LAWS”), OR OF AN ENTITY
WHOSE UNDERLYING ASSETS ARE CONSIDERED TO INCLUDE “PLAN ASSETS” OF ANY SUCH PLAN, ACCOUNT OR ARRANGEMENT, OR (2) THE ACQUISITION AND HOLDING OF THIS SECURITY WILL NOT CONSTITUTE A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF
ERISA OR SECTION 4975 OF THE CODE OR A SIMILAR VIOLATION UNDER ANY APPLICABLE SIMILAR LAWS.” 
 (b) Each Global Security
shall bear a legend in substantially the following form: 
 “THIS GLOBAL SECURITY IS HELD BY THE DEPOSITARY (AS DEFINED
IN THE INDENTURE GOVERNING THIS SECURITY) OR ITS NOMINEE IN CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT (I) THE TRUSTEE MAY MAKE ANY SUCH NOTATIONS HEREON AS
MAY BE REQUIRED PURSUANT TO THE INDENTURE, (II) THIS GLOBAL SECURITY MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 2.05(C) OF THE INDENTURE, (III) THIS GLOBAL SECURITY MAY BE DELIVERED TO THE TRUSTEE FOR CANCELLATION PURSUANT TO THE
INDENTURE AND (IV) THIS GLOBAL SECURITY MAY BE TRANSFERRED TO A SUCCESSOR DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.” 

  
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 “UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR SECURITIES IN DEFINITIVE
FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR TO ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF ANY ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT IS MADE TO SUCH ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE
OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF HAS AN INTEREST HEREIN.” 
 (c) Each Regulation S Temporary Global Security shall bear a legend in substantially the following form: 
 “THE RIGHTS ATTACHING TO THIS REGULATION S TEMPORARY GLOBAL SECURITY, AND THE CONDITIONS AND PROCEDURES GOVERNING ITS EXCHANGE FOR DEFINITIVE SECURITIES, ARE AS SPECIFIED IN THE INDENTURE (AS
DEFINED HEREIN). NEITHER THE HOLDER NOR THE BENEFICIAL OWNERS OF THIS REGULATION S TEMPORARY SECURITY SHALL BE ENTITLED TO RECEIVE CASH PAYMENTS OF INTEREST DURING THE PERIOD WHICH SUCH HOLDER HOLDS THIS SECURITY. NOTHING IN THIS LEGEND SHALL BE
DEEMED TO PREVENT INTEREST FROM ACCRUING ON THIS SECURITY.” 

  
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 (d) Each Regulation S Security shall bear a legend in substantially the following form:

 “BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS AND WARRANTS THAT IT IS NOT A U.S. PERSON NOR IS IT
PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT.” 
 Section 2.03. Denominations; Provisions for Payment.  
 The Securities
shall be issuable as registered Securities and in the denominations of $2,000 and integral multiples of $1,000 in excess thereof. The Securities shall bear interest payable on the dates and at the rate specified in Exhibit A-1 or A-2 hereto, as
applicable. The principal of and the interest on the Securities, as well as any premium thereon in case of redemption thereof prior to maturity, shall be payable in Dollars, at the office or agency of the Company maintained for that purpose pursuant
to Section 4.02. Each Security shall be dated the date of its authentication. Interest on the Securities shall be computed on the basis of a 360-day year composed of twelve 30-day months. 

The interest installment on any Security that is payable, and is punctually paid or duly provided for, on any Interest Payment Date for
Securities of such series shall be paid to the Person in whose name said Security (or one or more Predecessor Securities) is registered at the close of business on the Record Date for such interest installment. In the event that any Security of a
particular series or portion thereof is called for redemption and the redemption date is subsequent to a Record Date with respect to any Interest Payment Date and prior to such Interest Payment Date, interest on such Security will be paid upon
presentation and surrender of such Security as provided in Section 3.03. 
 Each Security of a series delivered under this
Indenture upon registration of transfer or in exchange for or in lieu of any other Security of such series shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other Security. 

Any interest on any Security that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date for such
Security (“Defaulted Interest”) shall forthwith cease to be payable to the registered holder on the relevant Record Date, and such Defaulted Interest shall be paid by the Company, at its election, as provided in clause (i) or
clause (ii) below. 
 (i) The Company may make payment of any Defaulted Interest on Securities to the
Persons in whose names such Securities (or their respective Predecessor Securities) are registered at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following manner: the
Company shall notify the 

  
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Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such Security and the date of the proposed payment, and at the same time the Company shall deposit with the
Trustee funds in an amount equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such funds when
deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as provided in this clause (i). Thereupon the Trustee shall fix a special record date for the payment of such Defaulted Interest which shall not be more
than 15 nor less than ten days prior to the date of the proposed payment and not less than ten days after the receipt by the Trustee of the notice of the proposed payment. The Trustee promptly shall notify the Company of such special record date
and, in the name and at the expense of the Company, shall cause notice of the proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first class postage prepaid (and/or to the extent permitted by applicable
procedures or regulations, electronically delivered), to each Securityholder at his or her address as it appears in the Security Register, not less than ten days prior to such special record date. Notice of the proposed payment of such Defaulted
Interest and the special record date therefor having been mailed as aforesaid (and/or to the extent permitted by applicable procedures or regulations, electronically delivered), such Defaulted Interest shall be paid to the Persons in whose names
such Securities (or their respective Predecessor Securities) are registered on such special record date and shall not be payable pursuant to the following clause (ii). 

(ii) The Company may make payment of any Defaulted Interest on any Securities in any other lawful manner not inconsistent
with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange. 
 Section 2.04. Execution and Authentications.  
 The Securities shall
be signed on behalf of the Company by any member of the Board of Directors of the Company or by both (a) its president, chief financial officer or vice president and (b) its secretary, any assistant secretary, its treasurer or any
assistant treasurer. Signatures may be in the form of a manual or facsimile signature. In the case of Definitive Securities, such signatures may be imprinted or otherwise reproduced on such Securities. The Securities may contain such notations,
legends or endorsements required by law, stock exchange rule or usage. Each Security shall be dated the date of its authentication by the Trustee. 

  
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 A Security shall not be valid until authenticated manually substantially in the form of
Exhibit A-1 or A-2 hereto, as applicable, by an authorized signatory of the Trustee or by an Authenticating Agent. Such signature shall be conclusive evidence that the Security so authenticated has been duly authenticated and delivered hereunder and
that the holder is entitled to the benefits of this Indenture. On the Issue Date, the Trustee shall, upon written order of the Company for the authentication and delivery of the Initial Securities of any series, signed by an Officer (an
“Authentication Order”), authenticate and deliver the Initial Securities of such series. In addition, at any time and from time to time after the execution and delivery of this Indenture, the Company may deliver Additional
Securities or Exchange Securities of any series executed by the Company to the Trustee for authentication, together with an Authentication Order, and the Trustee in accordance with such written order shall authenticate and deliver such Additional
Securities or Exchange Securities of such series. 
 Section 2.05. Transfer and Exchange.  

(a) Registration of Transfer and Exchange. The Company shall keep, or cause to be kept, at its office or agency designated for
such purpose as provided in Section 4.02, a register or registers (the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall register the Securities and the transfers of
Securities as provided in this Article 2 and which at all reasonable times shall be open for inspection by the Trustee. The registrar for the purpose of registering Securities and the transfer of Securities as herein provided shall be appointed
hereby or as authorized by Board Resolution (the “Security Registrar”). If the Company fails to appoint or maintain another entity as Security Registrar, the Trustee shall act as such. The Company or any of its Subsidiaries may act
as Security Registrar. The Company initially appoints the Trustee as Security Registrar hereunder. 
 To permit registrations of
transfers and exchanges, the Company shall execute a new Security or Securities of the same series as the Security presented for a like aggregate principal amount and in authorized denominations, and the Trustee shall authenticate and deliver such
Security or Securities upon receipt of an Authentication Order. The Trustee shall not be required to register the transfer of or exchange any Security selected for redemption in whole or in part, except the unredeemed portion of any Security being
redeemed in part. 
 All Securities issued upon any registration of transfer or exchange of Securities shall be the valid
obligations of the Company and the Guarantor, evidencing the same indebtedness, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. Prior to such due presentment for
the registration of a transfer of any Security, the Trustee, the Company, any paying agent and the Security Registrar may deem and treat the Person in whose name any Security is registered as the

  
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absolute owner of such Security for the purpose of receiving payment of principal of and interest on such Securities and for all other purposes, and none of the Trustee, the Company, the paying
agent or the Security Registrar shall be affected by notice to the contrary. 
 All certifications, certificates and opinions of
counsel required to be submitted to the Trustee pursuant to this Section 2.05 to effect a registration of transfer or exchange may be submitted by facsimile. 
 (b) Service Charge. No service charge shall be payable by a holder of a beneficial interest in a Global Security or by a Holder of a Definitive Security for any exchange or registration of transfer
of Securities, or for any issue of new Securities in case of partial redemption of the Securities of any series, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge in relation thereto (other than
any such taxes or other governmental charge payable upon exchange or registration of transfer pursuant to Sections 2.06, 3.03(b) and 9.04). 
 (c) Transfer and Exchange of Global Securities. A Global Security may not be transferred except as a whole by the Depositary to a nominee of such Depositary, by a nominee of such Depositary to such
Depositary or to another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. If (i) at any time the Depositary notifies the Company that it is unwilling or
unable to continue as Depositary or if at any time the Depositary shall no longer be registered or in good standing under the Exchange Act or other applicable statute or regulation, and a successor Depositary is not appointed by the Company within
90 days after the Company receives such notice or becomes aware of such condition, or (ii) the Company at any time determines that the Securities shall no longer be represented by a Global Security, in either such event, the Company will
execute the Definitive Securities of the applicable series, in authorized denominations, and in an aggregate principal amount equal to the principal amount of the Global Security of such series, and subject to this Section 2.05 the Trustee,
upon receipt of an Officer’s Certificate evidencing such determination by the Company, if applicable, will authenticate and deliver such Definitive Securities in exchange for such Global Security. Upon the exchange of the Global Security of the
applicable series for such Definitive Securities of such series, such Global Security shall be canceled by the Trustee. Such Definitive Securities shall be registered in such names and in such authorized denominations as the Depositary, pursuant to
instructions from its Participants or Indirect Participants or otherwise, shall in writing instruct the Trustee. The Trustee shall deliver such Securities to the Depositary for delivery to the Persons in whose names such Securities are so
registered. 

  
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 Except as provided in Sections 2.06 and 2.07, a Global Security may not be exchanged for
another Security other than as provided in this Section 2.05(c); however, beneficial interests in a Global Security may be transferred and exchanged as provided in Section 2.05(d) or (e). 

(d) Transfer and Exchange of Beneficial Interests in the Global Securities. The transfer and exchange of beneficial interests in
the Global Securities shall be effected through the Depositary, in accordance with the provisions of this Indenture and the Applicable Procedures. Beneficial interests in the Restricted Global Securities shall be subject to restrictions on transfer
comparable to those set forth herein to the extent required by the Securities Act. Transfers of beneficial interests in the Global Securities also shall require compliance with either subparagraph (i) or (ii) below, as applicable, as well
as one or more of the other following subparagraphs, as applicable: 
 (i) Transfer of Beneficial Interests in
the Same Global Security. Beneficial interests in any Restricted Global Security may be transferred to Persons who take delivery thereof in the form of a beneficial interest in the same Restricted Global Security in accordance with the transfer
restrictions set forth in the Private Placement Legend. Beneficial interests in any Unrestricted Global Security may be transferred to Persons who take delivery thereof in the form of a beneficial interest in an Unrestricted Global Security. Subject
to Section 2.05(e)(iv), no written orders or instructions shall be required to be delivered to the Security Registrar to effect the transfers described in this Section 2.05(d)(i). 

(ii) All Other Transfers and Exchanges of Beneficial Interests in Global Securities. In connection with all
transfers and exchanges of beneficial interests that are not subject to Section 2.05(d)(i) hereof, the transferor of such beneficial interest must deliver to the Security Registrar, as applicable, either: 

(A) (1) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the
relevant Applicable Procedures directing the Depositary to credit or cause to be credited a beneficial interest in another Global Security in an amount equal to the beneficial interest to be transferred or exchanged and (2) instructions given
in accordance with the relevant Applicable Procedures containing information regarding the Participant account to be credited with such increase; or 
 (B) (1) a written order from a Participant or an Indirect Participant given to the Depositary in accordance with the relevant Applicable Procedures directing the Depositary to cause

  
 27 

 
to be issued a Definitive Security in an amount equal to the beneficial interest to be transferred or exchanged and (2) instructions given by the Depositary to the Security Registrar
containing information regarding the Person in whose name such Definitive Security shall be registered to effect the transfer or exchange referred to in (B)(1) above; 
 provided that in no event shall Definitive Securities be issued upon the transfer or exchange of beneficial interests in the Regulation S Temporary Global Security prior to (y) the expiration of the
relevant Distribution Compliance Period and (z) the receipt by the Security Registrar of any certificates identified by the Company or its counsel to be required pursuant to Rule 903 and Rule 904 under the Securities Act. Upon consummation of
an Exchange Offer by the Company in accordance with Section 2.05(j), the requirements of this Section shall be deemed to have been satisfied upon receipt by the Security Registrar of the instructions contained in the Letter of Transmittal
delivered by the Holder of such beneficial interests in the Restricted Global Securities. Upon satisfaction of all the requirements for transfer and exchange of beneficial interests in Global Securities contained in this Indenture and the Securities
or otherwise applicable under the Securities Act, the Trustee shall adjust the principal amount of the relevant Global Security or Securities pursuant to Section 2.05(h). 

(iii) Transfer of Beneficial Interests to Another Restricted Global Security. A beneficial interest in any
Restricted Global Security may be transferred to a Person who takes delivery thereof in the form of a beneficial interest in another Restricted Global Security if the transfer complies with the requirements of Section 2.05(d)(ii) and the
Security Registrar receives a completed certificate in the form of Exhibit B. 
 (iv) Transfer and Exchange of
Beneficial Interests in a Restricted Global Security for Beneficial Interests in an Unrestricted Global Security. A beneficial interest in any Restricted Global Security may be exchanged by any holder thereof for a beneficial interest in an
Unrestricted Global Security or transferred to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Security if the exchange or transfer complies with the requirements of Section 2.05(d)(ii) hereof
and: 
 (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the
Registration Rights Agreement and the holder of the beneficial interest to be transferred, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that it is not (1) a
Participating Broker-Dealer, (2) a Person participating in the distribution of the Exchange Securities or (3) a Person who is an affiliate (as defined in Rule 144) of the Company; 

  
 28 

 (B) such transfer is effected pursuant to the Shelf Registration Statement
in accordance with the Registration Rights Agreement; 
 (C) such transfer is effected by a Participating
Broker-Dealer pursuant to the Exchange Offer Registration Statement in accordance with the Registration Rights Agreement; or 
 (D) the Security Registrar receives a completed certificate from such holder in the form of Exhibit B-1 or B-2 or Exhibit C-1 or C-2 hereto, as applicable, and an opinion of counsel in form, and from
legal counsel, reasonably acceptable to the Security Registrar and the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement
Legend are no longer required in order to maintain compliance with the Securities Act. 
 If any such transfer is effected
pursuant to subparagraph (B) or (D) above at a time when an Unrestricted Global Security of any series has not yet been issued, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.04, the
Trustee shall authenticate one or more Unrestricted Global Securities of such series in an aggregate principal amount equal to the aggregate principal amount of beneficial interests so transferred. Beneficial interests in an Unrestricted Global
Security cannot be exchanged for, or transferred to Persons who take delivery thereof in the form of, a beneficial interest in a Restricted Global Security. 
 (e) Transfer or Exchange of Beneficial Interests for Definitive Securities. 
 (i) Beneficial Interests in Restricted Global Securities to Restricted Definitive Securities. If any holder of a beneficial interest in a Restricted Global Security proposes to exchange such
beneficial interest for a Restricted Definitive Security or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Restricted Definitive Security, then, upon receipt by the Security Registrar of a completed
certificate from such holder in the form of Exhibit B-1 or B-2 or Exhibit C-1 or C-2 hereto, as applicable, and certificates and opinions of counsel, if applicable, the Trustee shall cause the aggregate principal amount of the applicable Restricted
Global Security to be reduced accordingly pursuant to Section 2.05(h), and the Company shall execute a Restricted Definitive 

  
 29 

 
Security in the appropriate principal amount and, upon receipt of an Authentication Order pursuant to Section 2.04, the Trustee shall authenticate and deliver to the Person designated in the
instructions such Restricted Definitive Security. Any Restricted Definitive Security issued in exchange for a beneficial interest in a Restricted Global Security pursuant to this Section 2.05(e) shall be registered in such name or names and in
such authorized denomination or denominations as the holder of such beneficial interest shall instruct the Security Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such
Restricted Definitive Securities to the Persons in whose names such Securities are so registered. Any Restricted Definitive Security issued in exchange for a beneficial interest in a Restricted Global Security pursuant to this
Section 2.05(e)(i) shall bear the Private Placement Legend and shall be subject to all restrictions on transfer contained therein. 
 (ii) Beneficial Interests in Restricted Global Securities to Unrestricted Definitive Securities. A holder of a beneficial interest in a Restricted Global Security may exchange such beneficial
interest for an Unrestricted Definitive Security or may transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security only if: 

(A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights
Agreement and the holder of the beneficial interest to be transferred, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that it is not (1) a Participating Broker-Dealer,
(2) a Person participating in the distribution of the Exchange Securities or (3) a Person who is an affiliate (as defined in Rule 144) of the Company; 

(B) such transfer is effected pursuant to the Shelf Registration Statement in accordance with the Registration Rights
Agreement; 
 (C) such transfer is effected by a Participating Broker-Dealer pursuant to the Exchange Offer
Registration Statement in accordance with the Registration Rights Agreement; or 
 (D) the Security Registrar
receives a completed certificate from such holder in the form of Exhibit B-1 or B-2 or Exhibit C-1 or C-2 hereto, as applicable, and an opinion of counsel in form, and from legal counsel, reasonably acceptable to

  
 30 

 
the Security Registrar and the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the
Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 
 (iii)
Beneficial Interests in Unrestricted Global Securities to Unrestricted Definitive Securities. If any holder of a beneficial interest in an Unrestricted Global Security proposes to exchange such beneficial interest for an Unrestricted
Definitive Security or to transfer such beneficial interest to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security, then, upon satisfaction of the conditions set forth in Section 2.05(d)(ii), the Trustee shall
cause the aggregate principal amount of the applicable Unrestricted Global Security to be reduced accordingly pursuant to Section 2.05(h), and the Company shall execute an Unrestricted Definitive Security in the appropriate principal amount
and, upon receipt of an Authentication Order in accordance with Section 2.04, the Trustee shall authenticate and deliver to the Person designated in the instructions such Unrestricted Definitive Security. Any Unrestricted Definitive Security
issued in exchange for a beneficial interest pursuant to this Section 2.05(e)(iii) shall be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest shall instruct the
Security Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Unrestricted Definitive Securities to the Persons in whose names such Securities are so registered. Any
Unrestricted Definitive Security issued in exchange for a beneficial interest pursuant to this Section 2.05(e)(iii) shall not bear the Private Placement Legend. 

(iv) Transfer or Exchange of Regulation S Temporary Global Securities. Notwithstanding the other provisions of this
Section 2.05, a beneficial interest in the Regulation S Temporary Global Security may not be (A) exchanged for a Definitive Security prior to (y) the expiration of the Distribution Compliance Period (unless such exchange is effected
by the Company, does not require an investment decision on the part of the Holder thereof and does not violate the provisions of Regulation S) and (z) the receipt by the Security Registrar of any certificates identified by the Company or its
counsel to be required pursuant to Rule 903(b)(3)(ii)(B) under the Securities Act or (B) transferred to a U.S. person (as such term is defined in Regulation S) or for the account or benefit of a U.S. person (other than an initial purchaser of
such Regulation S Temporary Global Security) or a Person who takes delivery thereof in the form of a Definitive Security prior to the events set forth in clause (A) above or unless the transfer is pursuant to an exemption from the registration
requirements of the Securities Act other than Rule 903 or 904. 

  
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 (f) Transfer and Exchange of Definitive Securities for Beneficial Interests.

 (i) Restricted Definitive Securities to Beneficial Interests in Restricted Global Securities. If any
Holder of a Restricted Definitive Security proposes to exchange such Security for a beneficial interest in a Restricted Global Security or to transfer such Restricted Definitive Securities to a Person who takes delivery thereof in the form of a
beneficial interest in a Restricted Global Security, then, upon receipt by the Trustee of the following documentation: 
 (A) if the Holder of such Restricted Definitive Security proposes to exchange such Security for a beneficial interest in a Restricted Global Security, a completed certificate from such holder in the form
of Exhibit C; or 
 (B) if such Restricted Definitive Security is being transferred to a QIB in accordance with
Rule 144A under the Securities Act or to a non-U.S. person in an offshore transaction in accordance with Rule 903 or 904 under the Securities Act, a completed certificate to that effect set forth in Exhibit B, 

the Trustee shall cancel the Restricted Definitive Security, increase or cause to be increased the aggregate principal amount of, in the case of clause
(A) above, the appropriate Restricted Global Security and, in the case of clause (B) above, the 144A Global Security or the Regulation S Global Security, as applicable. 

(ii) Restricted Definitive Securities to Beneficial Interests in Unrestricted Global Securities. A Holder of a
Restricted Definitive Security may exchange such Security for a beneficial interest in an Unrestricted Global Security or transfer such Restricted Definitive Security to a Person who takes delivery thereof in the form of a beneficial interest in an
Unrestricted Global Security only if: 
 (A) such exchange or transfer is effected pursuant to the Exchange
Offer in accordance with the Registration Rights Agreement and the holder of the beneficial interest to be transferred, in the case of an exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that
it is not (1) a Participating Broker-Dealer, (2) a Person participating in the distribution of the Exchange Securities or (3) a Person who is an affiliate (as defined in Rule 144) of the Company; 

  
 32 

 (B) such transfer is effected pursuant to the Shelf Registration Statement
in accordance with the Registration Rights Agreement; 
 (C) such transfer is effected by a Participating
Broker-Dealer pursuant to the Exchange Offer Registration Statement in accordance with the Registration Rights Agreement; or 
 (D) the Security Registrar receives a completed certificate from such Holder in the form of Exhibit B or Exhibit C, as applicable, and an opinion of counsel in form, and from legal counsel, reasonably
acceptable to the Security Registrar and the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer contained herein and in the Private Placement Legend are no longer
required in order to maintain compliance with the Securities Act. Upon satisfaction of the conditions of any of the subparagraphs in this Section 2.05(f)(ii), the Trustee shall cancel the Restricted Definitive Securities so transferred or
exchanged and increase or cause to be increased the aggregate principal amount of the Unrestricted Global Security. 
 (iii) Unrestricted Definitive Securities to Beneficial Interests in Unrestricted Global Securities. A Holder of an Unrestricted Definitive Security may exchange such Security for a beneficial
interest in an Unrestricted Global Security or transfer such Definitive Securities to a Person who takes delivery thereof in the form of a beneficial interest in an Unrestricted Global Security at any time. Upon receipt of a written request for such
an exchange or transfer, the Trustee shall cancel the applicable Unrestricted Definitive Security and increase or cause to be increased the aggregate principal amount of one of the Unrestricted Global Securities. If any such exchange or transfer
from a Definitive Security to a beneficial interest is effected pursuant to subparagraphs (ii)(B) or (ii)(D) of this Section 2.05(f) at a time when an Unrestricted Global Security has not yet been issued, the Company shall issue and, upon
receipt of an Authentication Order in accordance with Section 2.04, the Trustee shall authenticate one or more Unrestricted Global Securities in an aggregate principal amount equal to the principal amount of Definitive Securities so
transferred. 
 (g) Transfer and Exchange of Definitive Securities for Definitive Securities. Upon written request by a
Holder of Definitive Securities and such 

  
 33 

 
Holder’s compliance with the provisions of this Section 2.05(g), the Trustee shall register the transfer or exchange of Definitive Securities pursuant to the provisions of
Section 2.05(a). In addition to the requirements set forth in Section 2.05(a), the requesting Holder shall provide any additional certifications, documents, and information, as applicable, required pursuant to the following provisions of
this Section 2.05(g). 
 (i) Restricted Definitive Securities to Restricted Definitive Securities.
Any Restricted Definitive Security may be transferred to and registered in the name of Persons who take delivery thereof in the form of a Restricted Definitive Security if the Trustee receives a completed certificate in the form of Exhibit B,
including the certifications, certificates and opinions of counsel required by item (3) thereof, if applicable. 
 (ii) Restricted Definitive Securities to Unrestricted Definitive Securities. Any Restricted Definitive Security may be exchanged by the Holder thereof for an Unrestricted Definitive Security or
transferred to a Person or Persons who take delivery thereof in the form of an Unrestricted Definitive Security if: 
 (A) such exchange or transfer is effected pursuant to the Exchange Offer in accordance with the Registration Rights Agreement and the holder of the beneficial interest to be transferred, in the case of an
exchange, or the transferee, in the case of a transfer, certifies in the applicable Letter of Transmittal that it is not (1) a Participating Broker-Dealer, (2) a Person participating in the distribution of the Exchange Securities or
(3) a Person who is an affiliate (as defined in Rule 144) of the Company; 
 (B) such transfer is effected
pursuant to the Shelf Registration Statement in accordance with the Registration Rights Agreement; 
 (C) such
transfer is effected by a Participating Broker-Dealer pursuant to the Exchange Offer Registration Statement in accordance with the Registration Rights Agreement; or 

(D) the Security Registrar receives a completed certificate from such Holder in the form of Exhibit B or Exhibit C, as
applicable and an opinion of counsel in form, and from legal counsel, reasonably acceptable to the Trustee and the Company to the effect that such exchange or transfer is in compliance with the Securities Act and that the restrictions on transfer
contained herein and in the Private Placement Legend are no longer required in order to maintain compliance with the Securities Act. 

  
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 (iii) Unrestricted Definitive Securities to Unrestricted Definitive
Securities. A Holder of Unrestricted Definitive Securities may transfer such Securities to a Person who takes delivery thereof in the form of an Unrestricted Definitive Security in accordance with subsection 2.05(a). Upon receipt of a request to
register such a transfer, the Security Registrar shall register the Unrestricted Definitive Securities pursuant to the instructions from the Holder thereof. 
 (h) Cancellation and/or Adjustment of Global Securities. At such time as all beneficial interests in a particular Global Security have been exchanged for Definitive Securities or a particular
Global Security has been redeemed, repurchased or cancelled in whole and not in part, each such Global Security shall be returned to or retained and cancelled by the Trustee in accordance with Section 2.08. At any time prior to such
cancellation, if any beneficial interest in a Global Security is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security or for Definitive Securities, the principal
amount of Securities represented by such Global Security shall be reduced accordingly and an endorsement may be made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such reduction; and if the
beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Security, such other Global Security shall be increased accordingly and an endorsement may be
made on such Global Security by the Trustee or by the Depositary at the direction of the Trustee to reflect such increase. 

(i) No Exchange or Transfer. The Company shall not be required (i) to issue, exchange or register the transfer of any
Securities of any series during a period beginning at the opening of business 15 days before the day of the mailing (and/or to the extent permitted by applicable procedures or regulations, electronic delivery) of a notice of redemption of less than
all the Securities of such series and ending at the close of business on the day of such mailing (and/or to the extent permitted by applicable procedures or regulations, electronic delivery), (ii) to register the transfer of or exchange any
Securities of any series or portions thereof called for redemption, except the unredeemed portion of any Security of such series being redeemed in part, nor (iii) to register the transfer of or exchange a Security between a Record Date and the
next succeeding Interest Payment Date. 
 (j) Exchange Offer. Upon the occurrence of the Exchange Offer in accordance
with the Registration Rights Agreement, the Company shall issue and, upon receipt of an Authentication Order in accordance with Section 2.04, the Trustee shall authenticate (i) one or more Unrestricted Global Securities of a series in an
aggregate principal amount equal to the principal amount of the 

  
 35 

 
beneficial interests in the Restricted Global Securities of such series tendered for acceptance by Persons that certify in the applicable Letters of Transmittal that (x) they are not
Participating Broker-Dealers, (y) they are not participating in a distribution of the Exchange Securities of such series and (z) they are not affiliates (as defined in Rule 144) of the Company, and accepted for exchange in the Exchange
Offer and (ii) Unrestricted Definitive Securities of a series in an aggregate principal amount equal to the principal amount of the Restricted Definitive Securities of such series tendered for acceptance by Persons that certify in the
applicable Letters of Transmittal that (x) they are not Participating Broker-Dealers, (y) they are not participating in a distribution of the Exchange Securities of such series and (z) they are not affiliates (as defined in Rule 144)
of the Company, and accepted for exchange in the Exchange Offer. Concurrently with the issuance of such Securities of a series, the Trustee shall cause the aggregate principal amount of the applicable Restricted Global Securities of such series to
be reduced accordingly, and the Company shall execute and the Trustee shall authenticate and mail to the Persons designated by the Holders of Definitive Securities of such series so accepted Unrestricted Definitive Securities of such series in the
applicable principal amount. Any Securities of a series that remain outstanding after the consummation of the Exchange Offer, and Exchange Securities of such series issued in connection with the Exchange Offer, shall be treated as a single class of
securities under this Indenture. 
 The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any
restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Security (including any transfers between or among Participants or beneficial owners of interests in any Global
Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine
substantial compliance as to form with the express requirements hereof. 
 Section 2.06. Temporary Securities. 

 Pending the preparation of definitive Securities of any series, the Company may execute temporary Securities of such series
(printed, lithographed or typewritten) of any authorized denomination, and the Trustee shall authenticate and deliver such Securities. Such temporary Securities of any series shall be substantially in the form of the definitive Securities of such
series in lieu of which they are issued, but with such omissions, insertions and variations as may be appropriate for temporary Securities, all as may be determined by the Company. Every temporary Security shall be executed by the Company and be
authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive Securities. Without unnecessary delay the Company will execute and furnish definitive Securities of any series and

  
 36 

 
thereupon any or all temporary Securities of such series may be surrendered in exchange therefor without charge to the holders, at the office or agency of the Company maintained pursuant to
Section 4.02 for the purpose of exchanges of Securities, and the Trustee shall authenticate and such office or agency shall deliver in exchange for such temporary Securities an equal aggregate principal amount of definitive Securities of such
series, unless the Company advises the Trustee to the effect that definitive Securities of such series need not be executed and furnished until further notice from the Company. Until so exchanged, temporary Securities shall in all respects be
entitled to the same benefits under this Indenture as definitive Securities authenticated and delivered hereunder. 

Section 2.07. Mutilated, Destroyed, Lost or Stolen Securities.  

In case any temporary or definitive Security of any series shall become mutilated or be destroyed, lost or stolen, the Company (subject
to the next succeeding sentence) shall execute a new Security of such series, bearing a number not contemporaneously outstanding in exchange and substitution for the mutilated Security, or in lieu of and in substitution for the Security so
destroyed, lost or stolen, and upon the Company’s written request in the form of an Authentication Order, the Trustee (subject to the next succeeding sentence) shall authenticate and deliver such Security. In every case the applicant for a
substituted Security shall furnish to the Company and the Trustee such security and/or indemnity as may be required by them to save each of them harmless, and, in every case of destruction, loss or theft, the applicant shall also furnish to the
Company and the Trustee evidence to their satisfaction of the destruction, loss or theft of the applicant’s Security and of the ownership thereof. The Trustee may authenticate any such substituted Security and deliver the same upon the written
request or authorization of any Officer in the form of an Authentication Order. Upon the issuance of any substituted Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed
in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. In case any Security that has matured or is about to mature shall become mutilated or be destroyed, lost or stolen, the Company, instead
of issuing a substitute Security, may pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Security) if the applicant for such payment shall furnish to the Company and the Trustee such security and/or
indemnity as they may require to save them harmless, and, in case of destruction, loss or theft, evidence to the satisfaction of the Company and the Trustee of the destruction, loss or theft of such Security and of the ownership thereof. 

Every replacement Security of any series issued pursuant to the provisions of this Section 2.07 shall constitute an additional
contractual obligation of the Company whether or not the mutilated, destroyed, lost or stolen Security shall be found at any time, or be enforceable by anyone, and shall be entitled to all the

  
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benefits of this Indenture equally and proportionately with any and all other Securities of such series duly issued hereunder. All Securities shall be held and owned upon the express condition
that the foregoing provisions are exclusive with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities, and shall preclude (to the extent lawful) any and all other rights or remedies, notwithstanding any law or
statute existing or hereafter enacted to the contrary with respect to the replacement or payment of negotiable instruments or other securities without their surrender. 
 Section 2.08. Cancellation.  
 All Securities surrendered for the
purpose of payment, redemption, exchange or registration of transfer, if surrendered to the Company or any paying agent, shall be delivered to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it in accordance
with its internal procedures, and no Securities shall be issued in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On written request of the Company at the time of such surrender, the Trustee shall
deliver to the Company canceled Securities held by the Trustee. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such
Securities unless and until the same are delivered to the Trustee for cancellation. 
 Section 2.09. Benefits of
Indenture.  
 Nothing in this Indenture or in the Securities of any series, express or implied, shall give or be construed
to give to any Person, other than the parties hereto and the holders of the Securities of such series, any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any covenant, condition or provision herein
contained; all such covenants, conditions and provisions being for the sole benefit of the parties hereto and of the holders of the Securities of such series. 
 Section 2.10. Authenticating Agent.  
 So long as any of the
Securities of any series remain Outstanding, there may be an Authenticating Agent for any or all of the Securities of such series which the Trustee shall have the right to appoint. The Authenticating Agent shall be authorized to act on behalf of the
Trustee to authenticate Securities, including Securities issued upon exchange, registration of transfer or partial redemption thereof, and Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and
obligatory for all purposes as if authenticated by the Trustee hereunder. All references in this Indenture to the authentication of Securities by the Trustee shall be deemed to include authentication by an Authenticating Agent. The Authenticating
Agent shall be acceptable to the 

  
 38 

 
Company and shall be a corporation that has a combined capital and surplus, as most recently reported or determined by it, sufficient under the laws of any jurisdiction under which it is
organized or in which it is doing business to conduct a trust business, and that is otherwise authorized under such laws to conduct such business and is subject to supervision or examination by Federal or State authorities. If at any time the
Authenticating Agent shall cease to be eligible in accordance with these provisions, it shall resign immediately. The Authenticating Agent may resign at any time by giving written notice of resignation to the Trustee and to the Company. The Trustee
at any time may, and upon written request by the Company shall, terminate the agency of the Authenticating Agent by giving written notice of termination to such Authenticating Agent and to the Company. Upon resignation, termination or cessation of
eligibility of the Authenticating Agent, the Trustee may appoint an eligible successor Authenticating Agent reasonably acceptable to the Company. Any successor Authenticating Agent, upon acceptance of its appointment hereunder, shall become vested
with all the rights, powers and duties of its predecessor hereunder as if originally named as an Authenticating Agent pursuant hereto. 
 Section 2.11. CUSIP Numbers.  
 The Company in issuing the Securities
of any series may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Securityholders of such series; provided that any such notice may
state that no representation is made as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the
Securities, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the “CUSIP” numbers. 

Section 2.12. Wire Transfers.  
 Notwithstanding any other provision to the contrary in this Indenture, the Company may make any payment required to be deposited with the Trustee on account of principal of, premium, if any, or interest
on, the Securities of any series by any method of wire transfer to an account designated in writing by the Trustee such that funds are received by the Trustee by 10:00 a.m. (New York time) on or before the date such payment is to be made to the
Holders of the Securities of such series in accordance with the terms hereof. 

  
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 ARTICLE 3 
 REDEMPTION OF SECURITIES 

Section 3.01. Redemption.  
 The Company may redeem the Securities of any series issued hereunder on and after the dates and in accordance with the terms established for the Securities of such series pursuant to this Article 3 and
Section 14.01. 
 Section 3.02. Notice of Redemption.  

(a) If the Company desires to exercise such right to redeem all or, as the case may be, a portion of the Securities of any series, the
Company shall, or shall instruct the Trustee in writing to, give notice of such redemption to holders of the Securities of such series to be redeemed by mailing, first class postage prepaid (and/or to the extent permitted by applicable procedures or
regulations, electronic delivery), a written notice of such redemption not less than 30 days and not more than 60 days before the date fixed for redemption to such holders at their last addresses as they shall appear upon the Security Register
(unless a shorter period is specified in the Securities to be redeemed) and upon 45 days’ prior written notice to the Trustee (or such shorter period as agreed by the Trustee). Any notice that is mailed (and/or to the extent permitted by
applicable procedures or regulations, electronically delivered) in the manner herein provided shall be conclusively presumed to have been duly given, whether or not the registered holder receives the notice. In any case, failure to duly give such
notice to the holder of any Security designated for redemption in whole or in part, or any defect in the notice, shall not affect the validity of the proceedings for the redemption of any other Securities. 

Each such notice of redemption shall specify the date fixed for redemption and the redemption price at which the Securities of a series
are to be redeemed, and shall include the CUSIP number of the applicable Security and state that: (i) payment of the redemption price of such Securities to be redeemed will be made at the office or agency of the Company maintained for such
purpose, or, if none, at the Corporate Trust Office of the Trustee, upon presentation and surrender of such Securities; (ii) interest accrued to the date fixed for redemption will be paid as specified in said notice; and (iii) from and
after said date interest will cease to accrue. In case any Security of a series is to be redeemed in part only, the notice that relates to such Security shall state the portion of the principal amount thereof to be redeemed, and shall state that on
and after the redemption date, upon surrender of such Security, a new Security or Securities of such series in principal amount equal to the unredeemed portion thereof will be issued. 

(b) If all or less than all the Securities of a series are to be redeemed, the Company shall give the Trustee at least 45 days’
written notice (unless a shorter period shall be satisfactory to the Trustee) in advance of the date fixed for redemption as to the aggregate principal amount of Securities of such series to be redeemed. If less than all the Securities of a series
are to be redeemed, the Trustee thereupon shall select from the Outstanding Securities of such series not previously called for redemption, in accordance with a method acceptable to the 

  
 40 

 
Depositary and the Company (in such manner as complies with applicable legal and stock exchange requirements, if any) and that may provide for the selection of a portion or portions (equal to
$2,000 or any integral multiple of $1,000 in excess thereof) of the principal amount of such Securities to be redeemed. The Trustee promptly shall notify the Company in writing of the numbers of the Securities to be redeemed, in whole or in part.

 The Company, if and whenever it shall so elect, by delivery of written instructions signed on its behalf by any of its
Officers, may instruct the Trustee or any paying agent to call all or any part of the Securities of a series for redemption and to give notice of redemption in the manner set forth in this Section 3.02, such notice to be in the name of the
Company and at the expense of the Company. In any case in which notice of redemption is to be given by the Trustee or any such paying agent, the Company shall deliver or cause to be delivered to, or permit to remain with, the Trustee or such paying
agent, as the case may be, such Security Register, transfer books or other records, or suitable copies or extracts therefrom, sufficient to enable the Trustee or such paying agent to give any notice by mail (and/or to the extent permitted by
applicable procedures or regulations, electronic delivery) that may be required under the provisions of this Section 3.02. 

Section 3.03. Payment Upon Redemption.  
 (a) If the giving of notice of redemption shall have been completed as above provided, the Securities or portions of Securities to be redeemed specified in such notice shall become due and payable on the
date and at the place stated in such notice at the applicable redemption price, together with interest accrued to the date fixed for redemption, in each case as established pursuant to the terms of this Indenture. Interest on such Securities or
portions of Securities shall cease to accrue on and after the date fixed for redemption, unless the Company shall default in the payment of such redemption price and accrued interest with respect to any such Security or portion thereof. On
presentation and surrender of such Securities on or after the date fixed for redemption at the place of payment specified in the notice, such Securities shall be paid and redeemed at the applicable redemption price, together with interest accrued
thereon to the date fixed for redemption (but if the date fixed for redemption is an Interest Payment Date, the interest installment payable on such date shall be payable to the registered holder at the close of business on the applicable Record
Date). 
 (b) Upon presentation of any Security of a series that is to be redeemed in part only, the Company shall execute a new
Security of such series in principal amount equal to the unredeemed portion of the Security so presented and the Trustee shall authenticate, and the office or agency where the Security is presented shall deliver to the holder thereof, at the expense
of the Company, such Security; except that if a Global Security of a series is so surrendered, the Company shall execute a new Global Security of such series in a denomination 

  
 41 

 
equal to and in exchange for the unredeemed portion of the principal of the Global Security so surrendered and, upon receipt of an Officer’s Certificate requesting authentication and
delivery, the Trustee shall authenticate and deliver to the Depositary for such Global Security, without service charge, such Global Security. 
 Section 3.04. Special Mandatory Redemption.  
 (a) In the event that
the Completion Date has not occurred on or prior to the earlier to occur of (i) the determination by Covidien plc, in its good faith judgment, that the Completion Date will not occur on or prior to December 31, 2013 or (ii) 11:59 p.m.
(New York time) on December 31, 2013 (such earlier date, the “Date of Determination”), the Company will be required to redeem each series of the Securities, on the date that is five business days after the Date of Determination
(the “Special Redemption Date”), at a cash redemption price equal to 101% of the principal amount of such Securities, plus accrued and unpaid interest from the date of initial issuance to, but excluding, the Special Redemption Date.

 (b) Except as described in Section 3.04(a), any redemption of Securities pursuant to Section 3.04(a) shall be made
pursuant to the applicable provisions of Section 3.01 through Section 3.03. 
 Section 3.05. Optional
Redemption.  
 (a) The Securities of each series will be redeemable on any Redemption Date prior to the maturity date, in
whole or in part (in integral multiples of $1,000, with any portion of a Holder’s Securities not redeemed to be in a minimum denomination of $2,000 and integral multiples in excess thereof) solely at the option of the Company, at any time and
from time to time in accordance with the conditions set forth in this Article 3, on not less than 30 nor more than 60 days’ prior written notice mailed (and/or to the extent permitted by applicable procedures or regulations, electronically
delivered) to the holders of Securities to be redeemed and upon 45 days’ prior written notice to the Trustee (or such shorter period as agreed by the Trustee). 
 (b) Securities of any series redeemed pursuant to Section 3.05(a) prior to the maturity date, will be redeemed at a redemption price equal to the greater of (i) 100% of the principal amount of
the Securities of such series to be redeemed, and (ii) an amount, as determined by the Quotation Agent and delivered to the Trustee in writing, equal to the sum of the present values of the remaining scheduled payments of principal and interest
thereon due on any date after the Redemption Date (excluding the portion of interest that will be accrued and unpaid to and including the Redemption Date) discounted from their scheduled date of payment to the Redemption Date (assuming a 360-day
year consisting of twelve 30-day months) at the Adjusted Redemption Treasury Rate plus 45 basis 

  
 42 

 
points in the case of the 2018 Securities and 50 basis points in the case of the 2023 Securities plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. 

(c) Except as described in this Section 3.05, any redemption of Securities pursuant to this Section 3.05 shall be made pursuant
to the applicable provisions of Section 3.01 through Section 3.03. 
 ARTICLE 4 

CERTAIN COVENANTS 
 Section 4.01. Payment of Principal, Premium and Interest.  
 (a) The
Company will duly and punctually pay or cause to be paid the principal of, premium, if any, and interest on the Securities of a series at the time and place and in the manner provided herein and established with respect to the Securities of such
series. Not later than 10:00 a.m. (New York City time) on the due date of any principal of or interest on any Securities of a series, or any redemption or purchase price of the Securities, the Company will deposit with the paying agent (and the
paying agent shall have received such funds by such time) money in immediately available funds sufficient to pay such amounts, provided that if the Company, a Guarantor or any of their Subsidiaries is acting as paying agent, it will, on or before
each due date, segregate and hold in a separate trust fund for the benefit of the Holders of the Securities of such series a sum of money sufficient to pay such amounts until paid to such Holders or otherwise disposed of as provided in this
Indenture. 
 (b) The Company shall pay all Additional Interest, if any, in the same manner on the dates and in the amounts set
forth in the Registration Rights Agreement. 
 Section 4.02. Maintenance of Office or Agency.  

So long as any Securities of a series remain Outstanding, the Company will maintain an office or agency where Securities of such series
may be presented or surrendered for payment, where Securities of such series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such series and this
Indenture may be given or served. Such designation with respect to the Securities of such series will continue with respect to each office or agency until the Company, by written notice signed by any Officer and delivered to the Trustee, shall
designate some other office or agency for such purposes or any of them. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations,

  
 43 

 
surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all presentations,
surrenders, notices and demands. The Company initially designates the Corporate Trust Office of the Trustee, acting as the Company’s agent, as the office to be maintained by it for each such purpose. 

Section 4.03. Paying Agents.  
 (a) The Company may appoint one or more paying agents for the Securities of a series. If the Company fails to appoint or maintain another entity as paying agent, the Trustee shall act as such. Parent, the
Company or any of their Subsidiaries may act as paying agent. The Company initially appoints the Trustee as paying agent hereunder. 
 (b) The Company shall require each paying agent other than the Trustee to agree in writing that the paying agent will hold in trust for the benefit of Securityholders or the Trustee all funds held by the
paying agent for the payment of principal, premium, if any, or interest on the Securities, and will promptly notify the Trustee in writing of any default by the Company in making any such payment. While any such default continues, the Trustee may
require a paying agent to pay all funds held by it to the Trustee. The Company at any time may require a paying agent to pay all funds held by it to the Trustee. Upon payment over to the Trustee, the paying agent (if other than Parent, the Company
or any of their Subsidiaries) shall have no further liability for the funds. If Parent, the Company or any of their Subsidiaries acts as paying agent, it shall segregate and hold in a separate trust fund for the benefit of the Securityholders all
funds held by it as paying agent. 
 (c) Notwithstanding anything in this Section to the contrary, (i) the agreement to
hold funds in trust as provided in this Section 4.03 is subject to the provisions of Section 11.06, and (ii) the Company at any time, for the purpose of obtaining the satisfaction and discharge or defeasance of this Indenture or for
any other purpose, may pay, or direct any paying agent to pay, to the Trustee all funds held in trust by the Company or such paying agent, such funds to be held by the Trustee upon the same terms and conditions as those upon which such funds were
held by the Company or such paying agent. Upon such payment by any paying agent to the Trustee, such paying agent shall be released from all further liability with respect to such funds. 

Section 4.04. Statement by Officers as to Default.  
 So long as any of the Securities remain outstanding, the Company and the Guarantor will furnish to the Trustee on or before March 31 in each year a brief certificate (which need not comply with
Section 13.06) executed by the principal executive, financial or accounting officer of each of the Company and the 

  
 44 

 
Guarantor on their respective behalf as to his or her knowledge of the Company’s or the Guarantor’s, as the case may be, compliance with all covenants and agreements under this
Indenture required to be complied with by the Company and the Guarantor, respectively (such compliance to be determined without regard to any period of grace or requirement of notice provided under this Indenture). Such certificate need not include
a reference to any non-compliance that has been fully cured prior to the date as of which such certificate speaks. 
 The
Company shall provide written notice to the Trustee within 30 days of the occurrence of any Default or Event of Default under Section 6.01. 
 Section 4.05. Appointment to Fill Vacancy in Office of Trustee.  
 The
Company, whenever necessary to avoid or to fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.10, a Trustee, so that there shall be at all times a Trustee hereunder. 

Section 4.06. Limitation on Liens.  
 The Company, and Parent on and after the Completion Date, will not, and will not permit any Restricted Subsidiary to, issue, assume or guarantee any Indebtedness that is secured by a mortgage, pledge,
security interest, lien or encumbrance (each a “lien”) upon any property that at the time of such issuance, assumption or guarantee constitutes a Principal Property, or any shares of stock of or Indebtedness issued by any Restricted
Subsidiary, whether now owned or hereafter acquired, without effectively providing that, for so long as such lien shall continue in existence with respect to such secured Indebtedness, each series of Securities (together with, if the Company, and
Parent on and after the Completion Date, determines, any other Indebtedness of the Company (or Parent on and after the Completion Date) ranking equally with the Securities, it being understood that for purposes hereof, Indebtedness which is secured
by a lien and Indebtedness which is not so secured shall not, solely by reason of such lien, be deemed to be of different ranking) shall be equally and ratably secured by a lien ranking ratably with or equal to (or at the Company’s or
Parent’s option, as applicable, prior to) such secured Indebtedness; provided, however, that the foregoing covenant shall not apply to: 
 (a) liens existing on the Issue Date; 
 (b) liens on the stock, assets or
Indebtedness of a Person existing at the time such Person becomes a Restricted Subsidiary, unless created in contemplation of such Person becoming a Restricted Subsidiary; 
 (c) liens on any assets or Indebtedness of a Person existing at the time such Person is merged with or into or consolidated with or acquired by the

  
 45 

 
Company, Parent or a Restricted Subsidiary or at the time of a purchase, lease or other acquisition of the assets of a corporation or firm as an entirety or substantially as an entirety by the
Company, Parent or any Restricted Subsidiary; 
 (d) liens on any stock, assets or Indebtedness existing at the time of
acquisition thereof by the Company, Parent or any Restricted Subsidiary of such stock, assets or Indebtedness (which may include property previously leased by the Company, Parent or any Restricted Subsidiary and leasehold interests on such property;
provided that the lease terminates prior to or upon the acquisition), or liens on stock, assets or Indebtedness to secure the payment of all or any part of the purchase price of such stock, assets or Indebtedness by the Company, Parent or any
Restricted Subsidiary, or liens on stock, assets or Indebtedness to secure any Indebtedness incurred, assumed or guaranteed prior to, at the time of, or within 18 months after, the latest of the acquisition of such stock, assets or Indebtedness or,
in the case of property, the completion of construction, the completion of improvements or the commencement of substantial commercial operation of such property for the purpose of financing all or any part of the purchase price of the property, the
construction or the making of the improvements; 
 (e) liens securing Indebtedness owing by any Restricted Subsidiary to the
Company or a Guarantor or by the Company to a Guarantor; 
 (f) liens securing the Securities; 

(g) liens in favor of the United States or any state thereof, or any department, agency or instrumentality or political subdivision of
the United States or any state thereof, or in favor of any other country or any political subdivision thereof, to secure partial, progress, advance or other payments pursuant to any contract, statute, rule or regulation or to secure any Indebtedness
incurred or guaranteed for the purpose of financing all or any part of the purchase price (or, in the case of real property, the cost of construction or improvement) of the Principal Property subject to such liens (including liens incurred in
connection with pollution control, industrial revenue or similar financings); 
 (h) pledges, liens or deposits under
workers’ compensation or similar legislation, and liens thereunder that are not currently dischargeable, or in connection with bids, tenders, contracts (other than for the payment of money) or leases to which the Company, Parent or any
Restricted Subsidiary is a party, or to secure the public or statutory obligations of the Company, Parent or any Restricted Subsidiary, or in connection with obtaining or maintaining self-insurance, or to obtain the benefits of any law, regulation
or arrangement pertaining to unemployment insurance, old age pensions, social security or similar matters, or to secure surety, performance, appeal or customs bonds to which the Company, Parent or any Restricted Subsidiary is a party, or in
litigation or other 

  
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proceedings in connection with the matters heretofore referred to in this clause, such as interpleader proceedings, and other similar pledges, liens or deposits made or incurred in the ordinary
course of business; 
 (i) liens created by or resulting from any litigation or other proceeding that is being contested in good
faith by appropriate proceedings, including liens arising out of judgments or awards against the Company, Parent or any Restricted Subsidiary with respect to which the Company, Parent or such Restricted Subsidiary in good faith is prosecuting an
appeal or proceedings for review or for which the time to make an appeal has not yet expired; or final unappealable judgment liens which are satisfied within 15 days of the date of judgment; or liens incurred by the Company, Parent or any Restricted
Subsidiary for the purpose of obtaining a stay or discharge in the course of any litigation or other proceeding to which the Company, Parent or such Restricted Subsidiary is a party; 

(j) liens for taxes or assessments or governmental charges or levies not yet due or delinquent or that can thereafter be paid without
penalty, or that are being contested in good faith by appropriate proceedings; landlords’ liens on property held under lease; and any other liens or charges incidental to the conduct of the business of the Company, Parent or any Restricted
Subsidiary, or the ownership of their respective assets, that were not incurred in connection with the borrowing of money or the obtaining of advances or credit and that, in the opinion of the Board of Directors of the Company or Parent, as the case
may be, do not materially impair the use of such assets in the operation of the business of the Company, Parent or such Restricted Subsidiary or the value of such Principal Property for the purposes of such business; 

(k) liens to secure the Company’s, Parent’s or any Restricted Subsidiary’s obligations under agreements with respect to
spot, forward, future and option transactions, entered into in the ordinary course of business; 
 (l) liens not permitted by
the foregoing clauses (a) to (k), inclusive, if at the time of, and after giving effect to, the creation or assumption of any such lien, the aggregate amount of all outstanding Indebtedness of the Company, Parent and its Restricted Subsidiaries
(without duplication) secured by liens not so permitted by the foregoing clauses (a) through (k), inclusive, together with the Attributable Debt in respect of Sale and Lease-Back Transactions permitted by Section 4.07(b) does not exceed
the greater of $125,000,000 and 10% of Consolidated Net Worth; and 
 (m) any extension, renewal or replacement (or successive
extensions, renewals or replacements), in whole or in part, of any lien referred to in the foregoing clauses (a) to (l), inclusive; provided, however, that the principal amount of Indebtedness secured thereby unless otherwise excepted under
clauses (a) through (l) shall not exceed the principal amount of Indebtedness so secured at 

  
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the time of such extension, renewal or replacement, and that such extension, renewal or replacement is limited to all or a part of the assets (or any replacement assets therefor) that secured the
lien so extended, renewed or replaced (plus improvements and construction on real property). 
 Section 4.07. Limitation
on Sale and Lease-Back Transactions.  
 The Company, and Parent on and after the Completion Date, will not, and will not
permit any Restricted Subsidiary to, enter into any Sale and Lease-Back Transaction unless: 
 (a) such transaction was entered
into prior to the Issue Date; 
 (b) the Company, Parent or such Restricted Subsidiary, at the time of entering into a Sale and
Lease-Back Transaction, would be entitled to incur Indebtedness secured by a lien on the Principal Property to be leased in an amount at least equal to the Attributable Debt in respect of such Sale and Lease-Back Transaction, without equally and
ratably securing the Securities pursuant to Section 4.06; or 
 (c) the direct or indirect proceeds of the sale of the
Principal Property to be leased are at least equal to the fair value of such Principal Property (as determined by the Company’s Board of Directors) and an amount equal to the net proceeds from the sale of the property or assets so leased is
applied, within 180 days of the effective date of any such Sale and Lease-Back Transaction, to the purchase or acquisition (or, in the case of real property, commencement of the construction) of property or assets or to the retirement (other than at
maturity or pursuant to a mandatory sinking fund or mandatory redemption provision) of Securities, or of Funded Indebtedness of the Company or a consolidated subsidiary ranking on a parity with or senior to the Securities; provided that there shall
be credited to the amount of net proceeds required to be applied pursuant to this clause (c) an amount equal to the sum of (i) the principal amount of Securities delivered within 180 days of the effective date of such Sale and Lease-Back
Transaction to the Trustee for retirement and cancellation and (ii) the principal amount of other Funded Indebtedness voluntarily retired by the Company within such 180-day period, excluding retirements of Securities and other Funded
Indebtedness as a result of conversions or pursuant to mandatory sinking fund or mandatory prepayment provisions. 

Section 4.08. Repurchase of Securities Upon a Change of Control Triggering Event. 

(a) If a Change of Control Triggering Event occurs with respect to a series of Securities after the Distribution, unless the Company
has exercised its right to redeem such Securities pursuant to Section 3.05 or Section 14.01, each holder of 

  
 48 

 
such Securities will have the right to require that the Company repurchase all or a portion of such holder’s Securities (in integral multiples of $1,000, with any portion of such
holder’s Securities not repurchased to be in a minimum denomination of $2,000 and integral multiples in excess thereof) pursuant to Section 4.08 hereof (the “Change of Control Offer”), at a repurchase price equal to 101%
of the principal amount of the Securities to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date. 
 (b) Within 30 days following the date upon which the Change of Control Triggering Event occurred, or at the Company’s option, prior to any Change of Control, but after the first public announcement
of such pending Change of Control, the Company shall send, by first class mail (and/or to the extent permitted by applicable procedures or regulations, electronic delivery), a notice to each holder of the applicable series of Securities, with a copy
to the Trustee, which notice shall govern the terms of the Change of Control Offer. Such notice shall describe the transaction or transactions that constitute the Change of Control and shall state: 

(i) that the Change of Control Offer is being made pursuant to this Section 4.08; 

(ii) that the Company is required to offer to purchase all of the outstanding principal amount of the Securities, the
repurchase price and, that on the date specified in such notice, which date shall be no earlier than 30 days and no later than 60 days from the date such notice is mailed (and/or to the extent permitted by applicable procedures or regulations,
electronically delivered), other than as may be required by law (the “Change of Control Payment Date”), and the Company shall repurchase the Securities validly tendered and not withdrawn pursuant to this Section 4.08;

 (iii) if mailed (and/or to the extent permitted by applicable procedures or regulations, electronically
delivered) prior to the date of consummation of the Change of Control, shall state that the Change of Control Offer is conditioned on the Change of Control Triggering Event occurring on or prior to the Change of Control Payment Date; 

(iv) that any Security not tendered or accepted for payment shall continue to accrue interest; 

(v) that, unless the Company defaults in making such payment, the Securities accepted for payment pursuant to the Change
of Control Offer shall cease to accrue interest after the Change of Control Payment Date; 

  
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 (vi) that holders electing to have a Security purchased pursuant to a Change
of Control Offer may elect to have all or any portion of such Security purchased; 
 (vii) that holders of the
Securities electing to have such Securities purchased pursuant to a Change of Control Offer shall be required to surrender their Securities, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Security, or
such other customary documents of surrender and transfer as the Company may reasonably request, duly completed, or transfer their Securities by book-entry transfer, to the paying agent at the address specified in the notice prior to the close of
business on the third Business Day prior to the Change of Control Payment Date; 
 (viii) that holders shall be
entitled to withdraw their election if the Company, the Depositary or the paying agent, as the case may be, receives, not later than the expiration of the Change of Control Offer, a facsimile transmission or letter setting forth the name of the
holder, the principal amount of the Security the holder delivered for purchase and a statement that such holder is withdrawing its election to have such Security purchased; 

(ix) that holders whose Securities are purchased only in part shall be issued new Securities equal in principal amount to
the unpurchased portion of the Securities surrendered (or transferred by book-entry transfer); and 
 (x) the
CUSIP number, if any, printed on the Securities being repurchased and that no representation is made as to the correctness or accuracy of the CUSIP number, if any, listed in such notice or printed on the Securities. 

(c) The Company will not be required to make a Change of Control Offer if a third party makes such an offer in the manner, at the times
and otherwise in compliance with the requirements for such an offer made by the Company and such third party purchases all Securities properly tendered and not withdrawn under its offer. 

(d) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations
thereunder to the extent such laws and regulations are applicable in connection with the repurchase of the Securities pursuant to a Change of Control Offer. To the extent that any securities laws or regulations conflict with the provisions of this
Section 4.08, the Company shall comply with the applicable securities laws and regulations and shall be deemed not to have breached its obligations under this Section 4.08 by virtue thereof. 

  
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 ARTICLE 5 
 SECURITYHOLDERS’ LISTS AND REPORTS BY THE COMPANY AND THE
TRUSTEE 
 Section 5.01. Company to Furnish Trustee Names and Addresses of Securityholders. 

 The Company will furnish or cause to be furnished to the Trustee (a) semi-annually at least seven Business Days before
each Interest Payment Date for a series of Securities (and in all events at intervals of not more than six months) a list, in such form as the Trustee may reasonably require, of the names and addresses of the holders of the Securities of such series
as of such date, provided that the Company shall not be obligated to furnish or cause to furnish such list at any time that the list shall not differ in any respect from the most recent list furnished to the Trustee by the Company and (b) at
such other times as the Trustee may require in writing within 30 days after the receipt by the Company of any such request, a list of similar form and content as of a date not more than 15 days prior to the time such list is furnished; provided,
however, that, in either case, no such list need be furnished at any time the Trustee is acting as the Security Registrar. 

Section 5.02. Preservation of Information; Communications with Securityholders.  

(a) The Trustee shall preserve, in as current a form as is reasonably practicable, all information as to the names and addresses of the
holders of Securities contained in the most recent list furnished to it as provided in Section 5.01 and as to the names and addresses of holders of Securities received by the Trustee in its capacity as Security Registrar (if acting in such
capacity). 
 (b) Securityholders may communicate as provided in Section 312(b) of the Trust Indenture Act with other
Securityholders with respect to their rights under this Indenture or under the Securities. 
 Section 5.03. Reports by
the Company.  
 (a) So long as any Securities are outstanding, the Company shall file with the Trustee, within 15 days
after Parent files with the Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe)
that Parent may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act. 

  
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The Company shall be deemed to have complied with the previous sentence to the extent that such information, documents and reports are filed with the Commission via EDGAR (or any successor
electronic delivery procedure) or posted on Parent’s website; provided, however, that the Trustee shall have no obligation whatsoever to determine whether or not such information, documents or reports have been filed pursuant to the EDGAR
system (or its successor). Notwithstanding the other provisions of this Indenture, prior to the Completion Date, references in this Section 5.03(a) to “Parent” shall refer to Covidien plc. 

(b) Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt
of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants hereunder (as to which the Trustee is
entitled to rely exclusively on Officer’s Certificates). 
 Section 5.04. Reports by the Trustee.  

(a) Any Trustee’s report required under Section 313(a) of the Trust Indenture Act shall be transmitted to Securityholders on or
before July 15 in each year following the Issue Date, so long as any Securities are outstanding hereunder, and shall be dated as of a date convenient to the Trustee no more than 60 nor less than 45 days prior thereto. 

(b) A copy of each such report shall, at the time of such transmission to Securityholders, be filed by the Trustee with the Company, with
any stock exchange upon which any Securities are listed and with the Commission. The Company agrees to promptly notify the Trustee in writing when any Securities become listed on any stock exchange or delisted therefrom. 

ARTICLE 6 

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS
ON EVENT OF DEFAULT 
 Section 6.01. Events of Default. 

 (a) Whenever used herein, an “Event of Default” means with respect to a series of Securities any one or more
of the following events that has occurred and is continuing: 
 (i) default in the payment of interest on a
Security of such series as and when the same shall become due and payable, and continuance of such default for a period of 30 days; or 

  
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 (ii) default in the payment of all or any part of the principal of or
premium, if any, on a Security of such series as and when the same shall become due and payable either at maturity, upon redemption, upon acceleration or otherwise; or 

(iii) default in the performance, or breach, of any covenant or agreement of the Company or a Guarantor in respect of the
Securities of such series or the applicable Guarantee (other than (x) the failure to comply with any covenant or agreement contained in Section 314(a)(1) of the Trust Indenture Act (y) the failure to file with the Trustee the
information that may be required to be filed with the Commission or (z) a default or breach that is specifically dealt with elsewhere in this Section 6.01), and continuance of such default or breach for a period of 90 days after the date
on which there has been given, by registered or certified mail, to the Company and such Guarantor by the Trustee or to the Company, such Guarantor and the Trustee by the Holders of at least 25% in principal amount of the Outstanding Securities of
such series affected thereby, a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or 

(iv) a Guarantee of the Securities of such series shall for any reason cease to be, or shall for any reason be asserted in
writing by the Company or the applicable Guarantor not to be, in full force and effect and enforceable in accordance with its terms except to the extent contemplated by this Indenture and such Guarantee; or 

(v) failure by the Company to comply with the provisions of Section 3.04; or 

(vi) a court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company or a
Guarantor in an involuntary case under any applicable bankruptcy, insolvency or other similar law now or hereafter in effect, or appointing a receiver, liquidator, assignee, custodian, trustee or sequestrator (or similar official) of the Company or
such Guarantor or for any substantial part of its property or ordering the winding up or liquidation of its affairs, and such decree or order shall remain unstayed and in effect for a period of 90 consecutive days; or 

(vii) the Company or a Guarantor shall commence a voluntary case under any applicable bankruptcy, insolvency or other
similar law now or hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the appointment of or taking possession by a receiver, liquidator, assignee, custodian, trustee or

  
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sequestrator (or similar official) of the Company or such Guarantor or for any substantial part of its property, or make any general assignment for the benefit of creditors, except, in each case,
where such action is taken or such person is appointed in the context of a solvent scheme of arrangement or similar or analogous proceedings or process in any jurisdiction; or 

(viii) an event of default shall occur and be continuing with respect to the Company’s or a Guarantor’s
indebtedness for borrowed money (other than Non-Recourse Indebtedness) under any indenture or other instrument evidencing or under which the Company or such Guarantor shall have a principal amount outstanding (such amount with respect to original
issue discount bonds or zero coupon notes, bonds or debentures or similar securities based on the accreted amount determined in accordance with GAAP and as of the date of the most recently prepared consolidated balance sheet of the Company or such
Guarantor, as the case may be) in excess of $100,000,000, and such event of default shall involve the failure to pay the principal of such indebtedness on the final maturity date thereof after the expiration of any applicable grace period with
respect thereto, or such indebtedness shall have been accelerated so that the same shall have become due and payable prior to the date on which the same would otherwise have become due and payable, and such acceleration shall not be rescinded or
annulled within 30 days after notice thereof shall have been given to the Company and such Guarantor by the Trustee, or to the Company, such Guarantor and the Trustee by the holders of at least 25% in aggregate principal amount of the Securities of
such series; provided that, if such event of default under such indenture or instrument shall be remedied or cured by the Company or such Guarantor or waived by the requisite holders of such indebtedness, then the Event of Default hereunder by
reason thereof shall be deemed likewise to have been thereupon remedied, cured or waived without further action upon the part of either the Trustee or any of the holders, and provided further, however, that subject to the provisions of
Section 7.01 and Section 7.02, the Trustee shall not be charged with knowledge of any such event of default unless written notice thereof shall have been given to the Trustee by the Company or such Guarantor, as the case may be, by the
holder or an agent of the holder of any such indebtedness, by the trustee then acting under any indenture or other instrument under which such event of default shall have occurred, or by the holders of at least 25% in the aggregate principal amount
of the Securities of such series. 
 (b) Unless the principal of all the Securities of a series shall have already become due
and payable, either the Trustee or the holders of at least 25% in aggregate principal amount of the Securities of such series then Outstanding hereunder, by notice in writing to the Company and the applicable Guarantor (and

  
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to the Trustee if notice is given by such Securityholders), may declare the unpaid principal of all the Securities of such series to be due and payable immediately, and upon any such declaration
the same shall become and shall be immediately due and payable, notwithstanding anything contained in this Indenture or in the Securities of such series to the contrary. 
 (c) At any time after the principal of the Securities of a series shall have been so declared due and payable, and before any judgment or decree for the payment of the amount due shall have been obtained
or entered as hereinafter provided, the holders of a majority in aggregate principal amount of the Securities of such series then Outstanding hereunder, by written notice to the Company and the applicable Guarantor and the Trustee, may rescind and
annul such declaration and its consequences with respect to such series of Securities if: (i) the Company has or has caused to be paid or deposited with the Trustee an amount sufficient to pay all matured installments of interest upon the
Securities of such series and the principal of and premium, if any, on any and all Securities of such series that shall have become due otherwise than by acceleration (with interest upon such principal and premium, if any, and, to the extent that
such payment is enforceable under applicable law, upon overdue installments of interest, at the rate expressed in the Securities of such series to the date of such payment or deposit), and (ii) any and all Events of Default under this Indenture
with respect to such series, other than the nonpayment of principal on Securities of such series that shall not have become due by their terms, shall have been remedied or waived as provided in Section 6.06. 

No such rescission and annulment shall extend to or shall affect any subsequent default or impair any right consequent thereon.

 (d) In case the Trustee shall have proceeded to enforce any right with respect to Securities of a series under this Indenture
and such proceedings shall have been discontinued or abandoned because of such rescission or annulment or for any other reason or shall have been determined adversely to the Trustee, then and in every such case the Company and the Trustee shall be
restored respectively to their former positions and rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall continue as though no such proceedings had been taken. 

(e) The Trustee shall give to the Securityholders of each series, as the names and addresses of such Holders appear on the Security
Register, notice by mail (and/or to the extent permitted by applicable procedures or regulations, electronic delivery) of all defaults known to the Trustee that have occurred with respect to the Securities of such series, such notice to be
transmitted within 90 days after the occurrence thereof, unless such defaults shall have been cured before the giving of such notice (the term “default” or “defaults” for the purposes of this Section 6.01(e)
being hereby defined to mean any event or 

  
 55 

 
condition which is, or with notice or lapse of time or both would become, an Event of Default); provided that, except in the case of default in the payment of the principal of, premium, if any,
or interest on any of the Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the Trustee in good faith determines that the withholding of such notice is in the interests of the holders of the
Securities of such series. 
 Section 6.02. Collection of Indebtedness and Suits for Enforcement by Trustee. 

 (a) The Company covenants that (i) in case it shall default in the payment of any installment of interest on the
Securities of a series as and when the same shall have become due and payable, and such default shall have continued for a period of 30 days, or (ii) in case it shall default in the payment of the principal of, or premium, if any, on the
Securities of a series when the same shall have become due and payable, whether upon maturity of the Securities of such series or upon redemption or upon declaration or otherwise, then, upon demand of the Trustee, the Company will pay to the
Trustee, for the benefit of the holders of the Securities of such series, the whole amount that then shall have been become due and payable on the Securities of such series for principal, premium, if any, or interest, or both, with interest upon the
overdue principal, premium, if any, and (to the extent that payment of such interest is enforceable under applicable law) upon overdue installments of interest at the rate expressed in the Securities of such series; and, in addition thereto, such
further amount as shall be sufficient to cover the costs and expenses of collection, and the amount payable to the Trustee under Section 7.06. 
 (b) If the Company shall fail to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered to institute any action or
proceedings at law or in equity for the collection of the amounts so due and unpaid, and may prosecute any such action or proceeding to judgment or final decree, and may enforce any such judgment or final decree against the Company or a Guarantor
and collect the amounts adjudged or decreed to be payable in the manner provided by law out of the property of the Company or a Guarantor, wherever situated. 
 (c) In case of any receivership, insolvency, liquidation, bankruptcy, reorganization, readjustment, arrangement, composition or judicial proceedings affecting the Company or a Guarantor or their
respective creditors or property, the Trustee shall have power to intervene in such proceedings and take any action therein that may be permitted by the court and, except as otherwise provided by law, shall be entitled to file such proofs of claim
and other papers and documents as may be necessary or advisable in order to have the claims of the Trustee and of the holders of the Securities of the applicable series allowed for the entire amount due and payable by the Company under this
Indenture at the date of institution of 

  
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such proceedings and for any additional amount that may become due and payable by the Company after such date, and to collect and receive any funds or other property payable or deliverable on any
such claim, and to distribute the same in accordance with Section 6.03. Any receiver, assignee or trustee in bankruptcy or reorganization is hereby authorized by each of the holders of the Securities of the applicable series to make such
payments to the Trustee, and, in the event that the Trustee shall consent to the making of such payments directly to such Securityholders, to pay to the Trustee any amount due it under Section 7.06. 

(d) All rights of action and of asserting claims under this Indenture, or under any of the terms established with respect to the
Securities of the applicable series, may be enforced by the Trustee without the possession of any of such Securities, or the production thereof at any trial or other proceeding relative thereto. Any such suit or proceeding instituted by the Trustee
shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for payment to the Trustee of any amounts due under Section 7.06, be for the ratable benefit of the holders of the Securities
of such series. 
 In case of an Event of Default, the Trustee may proceed to protect and enforce the rights vested in it by
this Indenture by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of such rights, either at law or in equity or in bankruptcy or otherwise, whether for the specific enforcement of any
covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustee by this Indenture or by law. 

Nothing contained herein shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any
Securityholder any plan of reorganization, arrangement, adjustment or composition affecting the Securities or the rights of any holder thereof or to authorize the Trustee to vote in respect of the claim of any Securityholder in any such proceeding.

 Section 6.03. Application of Funds Collected.  

Any funds collected by the Trustee pursuant to this Article 6 with respect to a particular series of Securities shall be applied in the
following order, at the date or dates fixed by the Trustee and, in case of the distribution of such funds on account of principal, premium, if any, or interest, upon presentation of the Securities of such series, and notation thereon the payment, if
only partially paid, and upon surrender thereof if fully paid: 
 FIRST: To the payment of costs and expenses of collection and
of all amounts payable to the Trustee and its agents under Section 7.06; 

  
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 SECOND: To the payment of the amounts then due and unpaid upon the Securities of such series
for principal, premium, if any, and interest, in respect of which or for the benefit of which such funds have been collected, ratably, without preference or priority of any kind, according to the amounts due and payable on such Securities for
principal, premium, if any, and interest, respectively; and 
 THIRD: To the Company. 

Section 6.04. Limitation on Suits.  
 No holder of the Securities of any series shall have any right by virtue or by availing of any provision of this Indenture to institute any suit, action or proceeding in equity or at law upon or under or
with respect to this Indenture or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless (i) such holder previously shall have given to the Trustee written notice of an Event of Default with respect to such
series of Securities and of the continuance thereof with respect to the Securities of such series specifying such Event of Default; (ii) the holders of at least 25% in aggregate principal amount of the Securities of such series then Outstanding
shall have made written request upon the Trustee to institute such action, suit or proceeding in its own name as trustee hereunder; (iii) such holder or holders shall have offered to the Trustee such indemnity and/or security as it may require
against the costs, expenses and liabilities to be incurred therein or thereby; (iv) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity and/or security, shall have failed to institute any such action, suit
or proceeding; and (v) during such 60 day period, the holders of a majority in principal amount of the Outstanding Securities of such series do not give the Trustee a direction inconsistent with the request. 

Notwithstanding anything contained herein to the contrary, any other provisions of this Indenture, the right of any holder of any
Security to receive payment of the principal of, and premium, if any, and interest on such Security, as therein provided, on or after the respective due dates expressed in such Security (or in the case of redemption, on the redemption date), or to
institute suit for the enforcement of any such payment on or after such respective dates or redemption date, shall not be impaired or affected without the consent of such holder. By accepting a Security hereunder it is expressly understood, intended
and covenanted by the taker and holder of every Security of such series with every other such taker and holder and the Trustee, that no one or more holders of Securities of such series shall have any right in any manner whatsoever by virtue or by
availing of any provision of this Indenture to affect, disturb or prejudice the rights of the holders of any other of such Securities (it being understood that the Trustee does not have an affirmative duty to ascertain whether or not such actions or
forbearances are unduly prejudicial to such Securityholders), or to obtain or seek to obtain priority over or preference to any other such holder, or to enforce any right under this Indenture, except in the manner herein provided and for the

  
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equal, ratable and common benefit of all holders of the Securities of such series. For the protection and enforcement of the provisions of this Section 6.04, each Securityholder and the
Trustee shall be entitled to such relief as can be given either at law or in equity. 
 Section 6.05. Rights and
Remedies Cumulative; Delay or Omission not Waiver.  
 (a) Except as otherwise provided in Section 2.07, all
powers and remedies given by this Article 6 to the Trustee or to the Securityholders, to the extent permitted by law, shall be deemed cumulative and not exclusive of any other powers and remedies available to the Trustee or the holders of the
Securities, by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements contained in this Indenture or otherwise established with respect to such Securities. 

(b) No delay or omission of the Trustee or of any holder of any of the Securities to exercise any right or power accruing upon any Event
of Default occurring and continuing shall impair any such right or power, or shall be construed to be a waiver of any such default or on acquiescence therein. Subject to the provisions of Section 6.04, every power and remedy given by this
Article 6 or by law to the Trustee or the Securityholders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the Securityholders. 

Section 6.06. Control by Securityholders.  
 The holders of a majority in aggregate principal amount of the Securities of any series at the time Outstanding shall have the right to direct in writing the time, method and place of conducting any
proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Securities of such series; provided, however, that such direction shall not be in conflict with any law or with this
Indenture. Subject to the provisions of Section 7.01, if an Event of Default with respect to a series of Securities hereunder shall occur and be continuing, the Trustee shall be under no obligation to exercise any of its rights or powers
hereunder at the request or direction of any of the Holders of the Securities of such series if the Trustee determines in good faith that the proceeding could result in personal liability. The holders of a majority in aggregate principal amount of
the Securities of any series at the time Outstanding and affected thereby on behalf of the holders of the Securities of such series may waive with respect to a series of Securities any past default in the performance of any of the covenants
contained herein and its consequences with respect to such series, except a default in the payment of the principal of, premium, if any, or interest on, any of the Securities of such series as and when the same shall become due by the terms of such
Securities of such series 

  
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otherwise than by acceleration (unless such default has been cured and a sum sufficient to pay all matured installments of interest and principal and any premium has been deposited with the
Trustee in accordance with Section 6.01(c)). Upon any such waiver, the default with respect to a series of Securities covered thereby shall be deemed to be cured for all purposes of this Indenture and the Company, the Trustee and the holders of
the Securities of such series shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other default or impair any right consequent thereon. 

Section 6.07. Undertaking to Pay Costs.  
 All parties to this Indenture agree, and each holder of any Securities by such holder’s acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit
for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and
that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such
party litigant; but the provisions of this Section 6.07 shall not apply to any suit instituted by the Trustee, to any suit instituted by any Securityholder, or group of Securityholders, holding more than 10% in aggregate principal amount of the
Outstanding Securities of any series, or to any suit instituted by any Securityholder for the enforcement of the payment of the principal of, premium, if any, or interest on Securities of such series, on or after the respective due dates established
pursuant to this Indenture. 
 Section 6.08. Waiver of Usury, Stay or Extension Laws.  

Each of the Guarantor and the Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or
plead, or in any manner whatsoever claim or take the benefit or advantage of, any usury, stay or extension law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture; and each of
the Guarantor and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power
herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

  
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 ARTICLE 7 
 CONCERNING THE TRUSTEE 

Section 7.01. Certain Duties and Responsibilities of Trustee.  

(a) In case an Event of Default with respect to the Securities of a series has occurred (that has not been cured or waived) and is
continuing, the Trustee shall exercise with respect to the Securities of such series such rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under
the circumstances in the conduct of his or her own affairs. 
 (b) No provision of this Indenture shall be construed to relieve
the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful misconduct, except that: 
 (i) prior to the occurrence of an Event of Default with respect to the Securities of a series and after the curing or waiving of all such Events of Default with respect to the Securities of such series
that may have occurred: 
 (A) the duties and obligations of the Trustee with respect to the Securities of such
series shall be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable with respect to the Securities of such series except for the performance of such duties and obligations as are specifically set forth
in this Indenture, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (B) in the absence of bad faith on the part of the Trustee, the Trustee with respect to the Securities of such series may conclusively rely, as to the truth of the statements and the correctness of the
opinions expressed therein, upon any certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions that by any provision hereof are specifically required
to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical computations or
other facts stated therein); 
 (ii) the Trustee shall not be liable for any error of judgment made in good faith
by a Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved that the Trustee was negligent in ascertaining the pertinent facts; 

  
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 (iii) the Trustee shall not be liable with respect to any action taken or
omitted to be taken by it in good faith in accordance with the direction of the holders of at least a majority in principal amount of the Securities of any series at the time Outstanding relating to the time, method and place of conducting any
proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee under this Indenture with respect to the Securities of such series; and 

(iv) none of the provisions contained in this Indenture shall require the Trustee to expend or risk its own funds or
otherwise incur personal financial liability in the performance of any of its duties or in the exercise of any of its rights or powers, if there is reasonable ground for believing that the repayment of such funds or liability is not reasonably
assured to it under the terms of this Indenture or adequate indemnity against such risk is not reasonably assured to it. 
 (c)
Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section. 

Section 7.02. Certain Rights of Trustee.  
 Except as otherwise provided in Section 7.01: 
 (a) The Trustee may
conclusively rely and shall be fully protected in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, security or other paper or document
(whether in its original or facsimile form) believed by it to be genuine and to have been signed or presented by the proper party or parties. 
 (b) Any request, direction, order or demand of the Company mentioned herein shall be sufficiently evidenced by a Board Resolution or an instrument signed in the name of the Company by an Officer (unless
other evidence in respect thereof is specifically prescribed herein). 
 (c) The Trustee may consult with counsel of its own
selection and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken or suffered or omitted hereunder in good faith and in reliance thereon. 

  
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 (d) The Trustee shall be under no obligation to exercise any of the rights or powers vested
in it by this Indenture at the request, order or direction of any of the Securityholders, pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee indemnity and security satisfactory to it against
the costs, expenses and liabilities that may be incurred therein or thereby. 
 (e) In the event the Company is required to pay
Additional Interest, the Company will provide an Officer’s Certificate to the Trustee of the Company’s obligation to pay Additional Interest no later than 15 days prior to the next Interest Payment Date, which Officer’s Certificate
shall set forth the amount of the Additional Interest to be paid by the Company. The Trustee shall not at any time be under any duty or responsibility to any Holders to determine whether the Additional Interest is payable and the amount thereof.

 (f) The Trustee shall not be liable for any action taken or omitted to be taken by it in good faith and believed by it to be
authorized or within the discretion or rights or powers conferred upon it by this Indenture. 
 (g) The Trustee shall not be
bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond, security or other papers or documents, but the Trustee, in its
discretion, may make such further inquiry into such matters as it may see fit, and if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company,
personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 
 (h) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which
is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee and such notice references the Securities and this Indenture. 
 (i) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee shall not be responsible for any
misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 
 (j) The rights,
privileges, protections, immunities and benefits given to the Trustee, including its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person
employed to act hereunder. 

  
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 (k) The Trustee may request that the Company deliver an Officer’s Certificate setting
forth the names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person authorized to sign an Officer’s Certificate,
including any person specified as so authorized in any such certificate previously delivered and not superseded. 
 (l) In no
event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the
likelihood of such loss or damage and regardless of the form of action. 
 (m) The Trustee shall not be required to give any
bond or surety in respect of the performance of its powers and duties hereunder. 
 Section 7.03. Trustee not
Responsible for Recitals or Issuance of Securities.  
 (a) The recitals contained herein and in the Securities shall be
taken as the statements of the Company, and neither the Trustee nor any Authentication Agent assumes any responsibility for the correctness of the same. 
 (b) The Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities. 
 (c) The Trustee shall not be accountable for the use or application by the Company of any of the Securities or of the proceeds of such Securities, or for the use or application of any funds paid over by
the Trustee in accordance with any provision of this Indenture, or for the use or application of any funds received by any paying agent other than the Trustee. 
 Section 7.04. May Hold Securities.  
 The Trustee, any Authentication
Agent, any paying agent or the Security Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would have if it were not Trustee, Authentication Agent, paying agent or Security
Registrar. However, the Trustee is subject to Sections 7.09 and 7.13. 
 Section 7.05. Funds Held in Trust. 

 Subject to the provisions of Section 11.06, all funds received by the Trustee, until used or applied as herein provided,
shall be held in trust for the purposes for which they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under no liability for interest on any funds received by it hereunder except
such as it may agree in writing with the Company to pay thereon. 

  
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 Section 7.06. Compensation and Reimbursement.  

(a) The Company shall pay to the Trustee, and the Trustee shall be entitled to be paid, such compensation (which shall not be limited by
any provision of law in regard to the compensation of a trustee of an express trust), as the Company and the Trustee from time to time may agree in writing, for all services rendered by it in the execution of the trusts hereby created and in the
exercise and performance of any of the powers and duties hereunder of the Trustee. Except as otherwise expressly provided herein, the Company will pay or reimburse the Trustee upon its request for all reasonable expenses and disbursements incurred
or made by the Trustee in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements of its counsel and of all Persons not regularly in its employ) except any such expense or
disbursement as may arise from its own negligence or willful misconduct. The Company and the Guarantor shall indemnify the Trustee or any predecessor trustee (and each of their officers, agents, directors and employees) for, and shall hold them
harmless against, any and all loss, liability, claim, damage or expense, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred without negligence or willful misconduct on the part of the
Trustee and arising out of or in connection with the acceptance or administration of this trust, including the costs and expenses of defending itself against any claim of liability (whether asserted by the Company, any Holder or any other Person).

 (b) The obligations of the Company under this Section 7.06 to compensate and indemnify the Trustee and to pay or
reimburse the Trustee for expenses and disbursements shall: (i) be secured by a lien prior to that of the Securities upon all property and funds held or collected by the Trustee as such, except funds held in trust for the benefit of the holders
of particular Securities; and (ii) survive the termination of this Indenture and resignation or removal of the Trustee. 

Section 7.07. Reliance on Officer’s Certificate.  

Except as otherwise provided in Section 7.01, whenever in the administration of the provisions of this Indenture the Trustee shall
deem it necessary or desirable that a matter be proved or established prior to taking or suffering or omitting to take any action hereunder, such matter (unless other evidence in respect thereof be herein specifically prescribed), in the absence of
bad faith on the part of the Trustee, may be deemed to be conclusively proved and established by an Officer’s Certificate delivered to the Trustee and such certificate, in the absence of bad faith on the part of the Trustee, shall be full
warrant to the Trustee for any action taken, suffered or omitted to be taken by it under the provisions of this Indenture upon the faith thereof. 

  
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 Section 7.08. Disqualification; Conflicting Interests.  

If the Trustee has or shall acquire any “conflicting interest” within the meaning of Section 310(b) of the Trust
Indenture Act, the Trustee and the Company shall in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act. 
 Section 7.09. Corporate Trustee Required; Eligibility.  
 There shall
at all times be a Trustee with respect to the Securities issued hereunder which shall at all times be a corporation organized and doing business under the laws of the United States or any State or Territory thereof or of the District of Columbia, or
a corporation or other Person permitted to act as trustee by the Commission, authorized under such laws to exercise corporate trust powers, having a combined capital and surplus of at least $50,000,000, and subject to supervision or examination by
Federal, State, Territorial, or District of Columbia authority. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority, then for the purposes
of this Section 7.09 the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most recent report of condition so published. The Company may not, nor may any Affiliate of the
Company, serve as Trustee. In case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section 7.09, the Trustee shall resign immediately in the manner and with the effect specified in Section 7.10.

 Section 7.10. Resignation and Removal; Appointment of Successor.  

(a) The Trustee or any successor hereafter appointed may resign at any time with respect to the Securities of any series by giving
written notice thereof to the Company and by transmitting notice of resignation by mail, first class postage prepaid (and/or to the extent permitted by applicable procedures or regulations, electronic delivery), to the Securityholders of such
series, as their names and addresses appear upon the Security Register. Upon receiving such notice of resignation, the Company promptly shall appoint a successor trustee with respect to the Securities of such series. If no successor trustee shall
have been so appointed and have accepted appointment within 60 days after the retiring Trustee resigns, the retiring Trustee, at the expense of the Company, or the Company may petition any court of competent jurisdiction for the appointment of a
successor trustee with respect to the Securities of such series, or any Securityholder of such series who has been a bona fide holder of a Security or Securities for at least six months may on behalf of himself and all others similarly situated,
petition any 

  
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such court for the appointment of a successor trustee. Such court may thereupon after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee. 

(b) In case at any time any one of the following shall occur, the Company may remove the Trustee with respect to all or any series of
Securities and appoint a successor trustee, or, unless the Trustee’s duty to resign is stayed as provided herein, any Securityholder who has been a bona fide holder of a Security or Securities for at least six months, on behalf of that holder
and all others similarly situated, may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor trustee (with such court thereupon after such notice, if any, as it may deem proper, removing the
Trustee and appointing a successor trustee): 
 (i) the Trustee shall fail to comply with the provisions of
Section 7.08 after written request therefor by the Company or by any Securityholder who has been a bona fide holder of a Security or Securities for at least six months; or 

(ii) the Trustee shall cease to be eligible in accordance with the provisions of Section 7.09 and shall fail to
resign after written request therefor by the Company or by any such Securityholder; or 
 (iii) the Trustee shall
become incapable of acting, or shall be adjudged a bankrupt or insolvent, or commence a voluntary bankruptcy proceeding, or a receiver of the Trustee or of its property shall be appointed or consented to, or any public officer shall take charge or
control of the Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation. 
 If an instrument of
acceptance by a successor Trustee shall not have been delivered to the Trustee within 30 days after the giving of such notice of removal, the Trustee being removed may petition, at the expense of the Company, any court of competent jurisdiction for
the appointment of a successor Trustee with respect to the Securities of such series. 
 (c) The holders of a majority in
aggregate principal amount of the Securities of any series at the time Outstanding at any time may remove the Trustee with respect to the Securities of such series by so notifying the Trustee and the Company in writing and may appoint a successor
Trustee for the Securities of such series with the consent of the Company. 
 (d) Any resignation or removal of the Trustee and
appointment of a successor trustee with respect to the Securities of a series pursuant to any of the provisions of this Section shall become effective upon acceptance of appointment by the successor trustee as provided in Section 7.11.

 (e) At any time there shall be only one Trustee with respect to the Securities of any particular series. 

  
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 Section 7.11. Acceptance of Appointment by Successor.  

(a) In case of the appointment hereunder of a successor trustee with respect to the Securities of a series, every such successor trustee
so appointed shall execute, acknowledge and deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee shall become effective and such successor
trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee. On the request of the Company or the successor trustee, such retiring Trustee, upon payment of its
charges, shall execute and deliver an instrument transferring to such successor trustee all the rights, powers, and trusts of the retiring Trustee and shall assign, transfer and deliver to such successor trustee all property and funds held by such
retiring Trustee hereunder. 
 (b) Upon request of any such successor trustee, the Company may execute any and all instruments
for more fully and certainly vesting in and confirming to such successor trustee all such rights, powers and trusts referred to in Section 7.11(a). 
 (c) No successor trustee shall accept its appointment unless at the time of such acceptance such successor trustee shall be qualified and eligible under this Article 7. 

(d) Upon acceptance of appointment by a successor trustee as provided in this Section 7.11, the successor trustee shall cause a
notice of its succession to be transmitted to Securityholders. 
 Section 7.12. Merger, Conversion, Consolidation or
Succession to Business.  
 Any corporation into which the Trustee may be merged or converted or with which it may be
consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all or substantially all of the corporate trust business of the Trustee, shall be the
successor of the Trustee hereunder, provided that such corporation shall be qualified under the provisions of Section 7.08 and eligible under the provisions of Section 7.09, without the execution or filing of any paper or any further act
on the part of any of the parties hereto, anything herein to the 

  
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contrary notwithstanding. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such
authenticating Trustee may adopt such authentication and deliver the Securities so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities. 

Section 7.13. Preferential Collection of Claims Against the Company.  

The Trustee shall comply with Section 311(a) of the Trust Indenture Act, excluding any creditor relationship described in
Section 311(b) of the Trust Indenture Act. A Trustee who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein. 

ARTICLE 8 

CONCERNING THE SECURITYHOLDERS 

Section 8.01. Evidence of Action by Securityholders.  

Whenever in this Indenture it is provided that the holders of a majority or specified percentage in aggregate principal amount of the
Securities of a particular series may take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any other action), the fact that at the time of taking any such action the holders of
such majority or specified percentage of the Securities of such series have joined therein may be evidenced by any instrument or any number of instruments of similar tenor executed by such holders of Securities of such series in Person or by agent
or proxy appointed in writing. 
 If the Company shall solicit from the Securityholders of a particular series any request,
demand, authorization, direction, notice, consent, waiver or other action, the Company, at its option, as evidenced by an Officer’s Certificate, may fix in advance a record date for the determination of Securityholders of such series entitled
to give such request, demand, authorization, direction, notice, consent, waiver or other action, but the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization, direction, notice, consent,
waiver or other action may be given before or after the record date, but only the Securityholders of such series of record at the close of business on the record date shall be deemed to be Securityholders of such series for the purposes of
determining whether Securityholders of the requisite proportion of Outstanding Securities of such series have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other action, and for that
purpose the Outstanding Securities of such series shall be computed as of the record date; provided, however, that no such authorization, agreement or consent by such Securityholders on the record date shall be deemed effective unless it shall
become effective pursuant to the provisions of this Indenture not later than six months after the record date. 

  
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 Section 8.02. Proof of Execution by Securityholders.  

Subject to the provisions of Section 8.01, proof of the execution of any instrument by a Securityholder (such proof will not require
notarization) or his agent or proxy and proof of the holding by any Person of any of the Securities shall be sufficient if made in the following manner: 
 (a) The fact and date of the execution by any such Person of any instrument may be proved in any reasonable manner acceptable to the Trustee. 

(b) The ownership of Securities of a series shall be proved by the Security Register of such series or by a certificate of the Security
Registrar of such series. 
 (c) The Trustee may require such additional proof of any matter referred to in this Section as it
shall deem necessary. 
 Section 8.03. Who May be Deemed Owners.  

Prior to the due presentment for registration of transfer of any Security, the Company, the Trustee, any paying agent and any Security
Registrar may deem and treat the Person in whose name such Security shall be registered upon the books of the Company as the absolute owner of such Security (whether or not such Security shall be overdue and notwithstanding any notice of ownership
or writing thereon made by anyone other than the Security Registrar) for the purpose of receiving payment of or on account of the principal of, premium, if any, and (subject to Section 2.03) interest on such Security and for all other purposes;
and neither the Company nor the Trustee nor any paying agent nor any Security Registrar shall be affected by any notice to the contrary. 
 None of the Company, the Trustee, any paying agent or the Security Registrar will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial
ownership interests in a Global Security or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 
 Section 8.04. Certain Securities Owned by Company Disregarded.  
 In
determining whether the holders of the requisite aggregate principal amount of the Securities of a particular series have concurred in any direction, consent of waiver under this Indenture, the Securities of such series that are owned by Parent, the
Company, a Guarantor or any other obligor on the Securities of such series or by an Affiliate of Parent, the Company or a Guarantor shall be 

  
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disregarded and deemed not to be Outstanding for the purpose of any such determination, except that for the purpose of determining whether the Trustee shall be protected in relying on any such
direction, consent or waiver, only Securities of such series that a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. The Securities so owned that have been pledged in good faith may be regarded as Outstanding
for the purposes of this Section, if the pledgee shall establish to the satisfaction of the Trustee the pledgee’s right so to act with respect to such Securities and that the pledgee is not an Affiliate. In case of a dispute as to such right,
the Trustee shall be fully protected with respect to any decision by the Trustee taken upon the advice of counsel. Upon request of the Trustee, the Company shall furnish to the Trustee promptly an Officer’s Certificate listing and identifying
all Securities of a particular series, if any, known by Parent or the Company to be owned or held by or for the account of any of the above described Persons and, subject to Sections 7.01 and 7.02, the Trustee shall be entitled to accept such
Officer’s Certificate as conclusive evidence of the facts therein set forth and of the fact that all Securities of such series not listed therein are Outstanding for the purpose of any such determination. 

Section 8.05. Actions Binding on Future Securityholders.  

At any time prior to the evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by the holders of the
majority or percentage in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection with such action, any holder of a Security of such series that is shown by the evidence to be included in the
Securities the holders of which have consented to such action, by filing written notice with the Trustee, and upon proof of holding as provided in Section 8.02, may revoke such action so far as concerns such Security. Except as aforesaid any
such action taken by the holder of any Security shall be conclusive and binding upon such holder and upon all future holders and owners of such Security, and of any Security issued in exchange therefor, on registration of transfer thereof or in
place thereof, irrespective of whether or not any notation in regard thereto is made upon such Security. Any action taken by the holders of the majority or percentage in aggregate principal amount of the Securities of a particular series specified
in this Indenture in connection with such action shall be conclusively binding upon the Company, the Trustee and the holders of all of the Securities of such series. 

  
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 ARTICLE 9 
 SUPPLEMENTAL INDENTURES 
 Section 9.01.
Supplemental Indentures Without the Consent of Securityholders.  
 The Company, a Guarantor and the Trustee, at any time and from time
to time, may enter into one or more indentures supplemental hereto without the consent of any Securityholders for any of the following purposes: 
 (a) to cure any ambiguity, defect or inconsistency herein or in the Securities of either series, including making any such changes as are required for this Indenture to comply with the Trust Indenture
Act, or to make such other provisions in regard to matters or questions arising under this Indenture as the Board of Directors of the Company or a Guarantor may deem necessary or desirable, and which shall not in either case adversely affect the
interests of the Holders of the Securities of either series in any material respect; 
 (b) to evidence the succession of
another Person to the Company or a Guarantor, or successive successions, and the assumption by the successor Person of the covenants, agreements and obligations of the Company or a Guarantor, as the case may be, pursuant to Article 10; 

(c) to provide for uncertificated Securities in addition to or in place of certificated Securities; 

(d) to add to the covenants of the Company or a Guarantor for the benefit of the holders of the Securities of either series or to
surrender any right or power herein conferred upon the Company or a Guarantor; 
 (e) to add any additional Events of Default
for the benefit of the holders of the Securities of either series; 
 (f) to secure the Securities of either series; 

(g) to add one or more Guarantees for the benefit of the holders of the Securities; 

(h) to evidence the release of any Guarantee of the Securities pursuant to and in accordance with the terms of this Indenture;

 (i) to make any other change that does not adversely affect the rights of any holder of Securities of either series in any
material respect; 
 (j) to issue Additional Securities of either series in accordance with the limitations set forth in this
Indenture; 
 (k) to establish the form of the Securities of either series; 

(l) to comply with the rules of any applicable Depositary; 

  
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 (m) to provide for the issuance of the Exchange Securities of either series, which will have
terms substantially identical in all material respects to the Securities of such series (except that the transfer restrictions contained in such Securities will be modified or eliminated, as appropriate, and there will be no registration rights (and
no increases in annual interest rate) and CIFSA will not guarantee such Securities), and which will be treated, together with any Outstanding Securities of such series, as a single issuance of securities; 

(n) to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of either
series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trust hereunder by more than one Trustee; and 

(o) to conform the text of this Indenture or either of the Guarantee or the Securities of either series to any provision of the
“Description of Notes” section of the Offering Memorandum to the extent that such provision in such “Description of Notes” was intended to be a verbatim recitation of a provision of this Indenture, a Guarantee or the Securities,
as evidenced by an Officer’s Certificate. 
 Upon the written request of the Company, accompanied by Board Resolutions
authorizing the execution of any such supplemental indenture, and upon receipt by the Trustee of the documents described in Section 9.05, the Trustee shall join with the Guarantor and the Company in the execution of any such supplemental
indenture, and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into any such supplemental indenture that affects the Trustee’s own rights, duties or
immunities under this Indenture or otherwise. 
 Any supplemental indenture authorized by the provisions of this
Section 9.01 may be executed by the Guarantor, the Company and the Trustee without the consent of the holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 9.02. 

Section 9.02. Supplemental Indentures with Consent of Securityholders. 

With the written consent (evidenced as provided in Section 8.01) of the holders of at least a majority in aggregate principal amount
of the Securities of each series at the time Outstanding (including Additional Securities, if any) affected by such supplemental indenture or indentures, by act of said holders delivered to the Company, the Guarantor and the Trustee, the Guarantor
and the Company, when authorized by Board Resolutions, and the Trustee from time to time and at any time may enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or

  
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eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner not covered by Section 9.01 the rights of the holders of the Securities of
such series under this Indenture; provided, however, that no such supplemental indenture, without the consent of the holders of each Security then Outstanding and affected thereby (including Additional Securities, if any), shall (i) extend the
fixed maturity or reduce the principal amount of any Security of either series; (ii) reduce the rate of or extend the time for payment of interest on any Security of either series; (iii) reduce the premium payable upon the redemption of
any Security of either series; (iv) make any Security of either series payable in currency other than that stated in the Security; (v) impair the right to institute suit for the enforcement of any payment on or after the fixed maturity
thereof (or in the case of redemption, on or after the redemption date); (vi) reduce the aforesaid percentage of Securities of either series, the holders of which are required to consent to any such supplemental indenture or indentures;
(vii) expressly subordinate in right of payment the Securities of either series or a Guarantee thereof; (viii) except as expressly permitted by this Indenture, modify a Guarantee in any manner adverse to the holders of the Securities of
either series issued hereunder; or (ix) make any change in these amendment and waiver provisions. 
 It shall not be
necessary for the consent of Securityholders of either series affected thereby under this Section 9.02 to approve the particular form of any proposed supplement, amendment or waiver, but it shall be sufficient if such consent shall approve the
substance thereof. 
 Promptly after the execution by the Guarantor, the Company and the Trustee of any supplemental indenture
pursuant to the provisions of this Section 9.02, the Company shall mail or cause to be mailed a notice thereof by first class mail (and/or to the extent permitted by applicable procedures or regulations, electronically deliver or cause to be
electronically delivered) to the Holders of Securities of each series affected thereby at their addresses as they shall appear on the Security Register, setting forth in general terms the substance of such supplemental indenture. Any failure of the
Company to mail (and/or to the extent permitted by applicable procedures or regulations, electronically deliver) such notice, or any defect therein, shall not in any way impair or affect the validity of any such supplemental indenture. 

Section 9.03. Effect of Supplemental Indentures.  
 Upon the execution of any supplemental indenture pursuant to the provisions of this Article 9 or Section 10.01, this Indenture shall be and be deemed to be modified and amended with respect to the
applicable series in accordance therewith and the respective rights, limitations of rights, obligations, duties and immunities under this Indenture of the Trustee, the Guarantor, the Company and the holders of Securities of each series affected
hereby shall 

  
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thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of any such supplemental indenture shall
be and be deemed to be part of the terms and conditions of this Indenture for any and all purposes. 
 Section 9.04.
Securities Affected by Supplemental Indentures.  
 Any Securities of any series affected by a supplemental indenture and
authenticated and delivered after the execution of such supplemental indenture pursuant to the provisions of this Article or of Section 10.01 may bear a notation in form approved by the Company, provided such form meets the requirements of any
exchange upon which such Securities may be listed, as to any matter provided for in such supplemental indenture. If the Company shall so determine, new Securities of such series so modified as to conform, in the opinion of the Board of Directors of
the Company, to any modification of this Indenture contained in any such supplemental indenture may be prepared by the Company, authenticated by the Trustee and delivered in exchange for the Securities of such series then Outstanding. 

Section 9.05. Execution of Supplemental Indentures.  

Upon the request of the Company, accompanied by Board Resolutions authorizing the execution of any such supplemental indenture, and, if
applicable, upon the filing with the Trustee of evidence of the consent of Securityholders required to consent thereto as aforesaid, the Trustee shall join with the Guarantor and the Company in the execution of such supplemental indenture unless
such supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may but shall not be obligated to enter into such supplemental indenture. The Trustee, subject to
the provisions of Section 7.01, shall receive an Opinion of Counsel and Officer’s Certificate stating as conclusive evidence that any supplemental indenture executed pursuant to this Article 9 is authorized or permitted by, and conforms
to, the terms of this Article 9 and, with respect to any supplemental indenture relating to any Additional Securities, such Opinion of Counsel shall provide that such supplemental indenture is the valid and binding agreement of the Company and/or
the Guarantor, as applicable, enforceable against the Company and/or the Guarantor, as applicable, in accordance with its terms. 
 Promptly after the execution by the Company and the Trustee of any supplemental indenture pursuant to the provisions of this Section 9.05, the Trustee shall transmit by mail, first class postage
prepaid (and/or to the extent permitted by applicable procedures or regulations, electronically delivered), a notice, setting forth in general terms the substance of such supplemental indenture, to the Securityholders of each series affected thereby
as their names and addresses appear upon the Security Register. Any failure of the Trustee to mail (and/or to 

  
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the extent permitted by applicable procedures or regulations, electronically deliver) such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such
supplemental indenture. 
 ARTICLE 10 
 SUCCESSOR 
 Section 10.01. Consolidation, Merger and Sale
of Assets.  
 Each of the Guarantor and the Company, covenants that it will not merge or consolidate with any other Person
or sell or convey all or substantially all of its assets to any Person, unless: 
 (a) either the applicable Guarantor or the
Company, as the case may be, shall be the continuing entity, or the successor entity or the Person which acquires by sale or conveyance of all or substantially all the assets of such Guarantor or the Company, as the case may be (if other than a
Guarantor or the Company, as the case may be), (A) shall expressly assume the due and punctual payment of the principal of, premium, if any, and interest on each series of Securities or the obligations under the applicable Guarantee, as the
case may be, according to their tenor, and the due and punctual performance and observance of all of the covenants and agreements of this Indenture to be performed or observed by such Guarantor or the Company, as the case may be, by supplemental
indenture satisfactory to the Trustee, executed and delivered to the Trustee by such Person and (B) shall be organized and existing under the laws of the United States of America or any State thereof or the District of Columbia, any member
state of the European Union or Switzerland as in effect on the Issue Date; 
 (b) no Event of Default and no event that, after
notice or lapse of time or both, would become an Event of Default shall be continuing immediately after such merger or consolidation, or such sale or conveyance; and 
 (c) the applicable Guarantor, or the Company, as the case may be, shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel stating that the proposed transaction and
related supplemental indenture, if any, comply with this Indenture. 
 Section 10.02. Successor Person Substituted. 

 Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially all of the
assets of a Guarantor or the Company, as the case may be, effected in accordance with Section 10.01, the successor Person formed by such consolidation or into or with which such Guarantor or the Company, as the case may be, is merged or to
which such sale, lease, conveyance 

  
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or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, such Guarantor or the Company, as the case may be, under this Indenture with the
same effect as if such successor Person has been named as such Guarantor or the Company, as the case may be, herein. In the event of any such sale or conveyance (other than a conveyance by way of lease) such Guarantor or the Company, as the case may
be, or any successor entity which shall theretofore have become such in the manner described in this Article, shall be discharged from all obligations and covenants under this Indenture, the Securities and the Guarantees and may be liquidated and
dissolved. 
 ARTICLE 11 
 SATISFACTION AND DISCHARGE 

Section 11.01. [Reserved] 
 Section 11.02. Satisfaction and Discharge of Indenture.  
 If at any
time: 
 (a) (i) The Company or a Guarantor shall have delivered or shall have caused to be delivered to the Trustee for
cancellation all Securities of a particular series theretofore authenticated (other than any Securities that shall have been destroyed, lost or stolen and that shall have been replaced or paid as provided in Section 2.07) and Securities for
whose payment funds or Governmental Obligations have theretofore been deposited in trust or segregated and held in trust by a Guarantor or the Company (and thereupon repaid to such Guarantor or the Company or discharged from such trust, as provided
in Section 11.06); or (ii) all such Securities of a particular series not theretofore delivered to the Trustee for cancellation shall have become due and payable or are by their terms to become due and payable within one year or are to be
called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and a Guarantor or the Company shall irrevocably deposit or cause to be deposited with the Trustee as trust funds the entire
amount (in funds or Governmental Obligations sufficient or a combination thereof) in Dollars sufficient to pay at maturity or upon redemption of all Securities of such series not theretofore delivered to the Trustee for cancellation, including
principal, premium, if any, and interest due or to become due on such date of maturity or redemption date, as the case may be, and if in either case a Guarantor or the Company shall also pay or cause to be paid all other sums payable hereunder with
respect to the Securities of such series; and 
 (b) a Guarantor or the Company, as the case may be, delivers to the Trustee an
Officer’s Certificate and Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with, 

  
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 then this Indenture shall cease to be of further effect with respect to such series of Securities except for
the provisions of Sections 2.03, 2.04, 2.05, 2.07, 4.01, 4.02, 4.03, 7.05 and 7.10, that shall survive until the date of maturity or redemption date, as the case may be, and Sections 7.06 and 11.06, that shall survive to such date and thereafter,
and the Trustee, on demand of the Company and at the cost and expense of the Company shall execute proper instruments acknowledging satisfaction of and discharging this Indenture with respect to the Securities of such series. 

Section 11.03. Defeasance and Discharge of Obligations; Covenant Defeasance.  

(a) If at any time: 
 (i) all Securities of a particular series not heretofore delivered to the Trustee for cancellation or that have not become due and payable as described in Section 11.02 shall have been paid by the
Guarantor or the Company by depositing irrevocably with the Trustee in trust funds or an amount of Governmental Obligations sufficient to pay at maturity or upon redemption all such Securities of such series not theretofore delivered to the Trustee
for cancellation, including principal, premium, if any, and interest due or to become due to such date of maturity or date fixed for redemption, as the case may be, and 

(ii) the Guarantor or the Company shall also pay or cause to be paid all other amounts payable hereunder by the Company
with respect to such series, 
 then, after the date such funds or Governmental Obligations, as the case may be, are deposited with the Trustee,
the obligations of the Guarantor and the Company under this Indenture with respect to such series of Securities shall cease to be of further effect except, to the extent applicable to each, for the provisions of Sections 2.03, 2.04, 2.05, 2.07,
4.01, 4.02, 4.03, 7.05 and 7.10 hereof that shall survive until the Securities of such series shall mature and be paid. Thereafter, Sections 7.06 and 11.06 shall survive such satisfaction and discharge. 

(b) In addition, each of the Guarantor and the Company, at its option and at any time, by written notice executed by an Officer delivered
to the Trustee, may elect to have its obligations, to the extent applicable to each, under Section 5.03 and any covenant contained in Article 10, discharged with respect to all Outstanding Securities of a series and this Indenture and any
supplemental indentures to this Indenture insofar as such Securities are concerned (“covenant 

  
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defeasance”), such discharge to be effective on the date the conditions set forth in clauses (i) through (vi) of Section 11.03(c) are satisfied, and such Securities
shall thereafter be deemed to be not “Outstanding” for the purposes of any direction, waiver, consent or declaration of Securityholders of such series (and the consequences of any thereof) in connection with such covenants, but
shall continue to be “Outstanding” for all other purposes under this Indenture. For this purpose, such covenant defeasance means that, with respect to the Outstanding Securities, the Guarantor and the Company may omit to comply with
and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of reference in any such
covenant to any other provision herein or in any other document and such omission to comply shall not constitute an Event of Default with respect to such series of Securities under Section 6.01(a)(iii) or otherwise, but except as specified in
this Section 11.03(b), the remainder of the Guarantor’s and the Company’s obligations under the Securities of such series and this Indenture and any supplemental indentures to this Indenture insofar as such Securities are concerned
shall be unaffected thereby. 
 (c) The following shall be the conditions to the application of Section 11.03 to the
Outstanding Securities of the applicable series: 
 (i) a Guarantor or the Company irrevocably deposits in trust
with the Trustee or, at the option of the Trustee, with a trustee satisfactory to the Trustee and such Guarantor or the Company, as the case may be, under the terms of an irrevocable trust agreement in form and substance satisfactory to the Trustee,
funds or Governmental Obligations sufficient in the opinion of a nationally recognized firm of independent public accountants to pay all the principal of, premium, if any, and interest on the Outstanding Securities of such series to maturity or
redemption, as the case may be, and to pay all other amounts payable by the Company hereunder, provided that (A) the trustee of the irrevocable trust shall have been irrevocably instructed to pay such funds or the proceeds of such Governmental
Obligations to the Trustee and (B) the Trustee shall have been irrevocably instructed to apply such funds or the proceeds of such Governmental Obligations to the payment of said principal, premium, if any, and interest with respect to the
Securities of such series; 
 (ii) a Guarantor or the Company, as the case may be, delivers to the Trustee an
Officer’s Certificate stating that all conditions precedent specified herein relating to defeasance or covenant defeasance, as the case may be, have been complied with, and an Opinion of Counsel to the same effect; 

  
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 (iii) no Event of Default under clauses (i), (ii), (vi) or
(vii) of Section 6.01(a) shall have occurred and be continuing, and no event which with notice or lapse of time or both would become such an Event of Default with respect to Securities of such series shall have occurred and be continuing,
on the date of such deposit; 
 (iv) a Guarantor or the Company, as the case may be, shall have delivered to the
Trustee an Opinion of Counsel or a ruling received from the Internal Revenue Service to the effect that the holders of the Securities of such series will not recognize income, gain or loss for Federal income tax purposes as a result of such
Guarantor’s or the Company’s exercise of either option under this Section 11.03 and will be subject to Federal income tax in the same amount and in the same manner and at the same times as would have been the case if such election had
not been exercised; 
 (v) such covenant defeasance shall not (A) cause the Trustee to have a conflicting
interest for purposes of the Trust Indenture Act with respect to any Securities of such series or (B) result in the trust arising from such deposit to constitute, unless it is qualified, a regulated investment company under the Investment
Company Act of 1940; and 
 (vi) notwithstanding any other provisions of this Section 11.03, such covenant
defeasance shall be effected in compliance with any additional or substitute terms, conditions or limitations which may be imposed on a Guarantor or the Company pursuant to this Indenture and any supplemental indenture to this Indenture. 

After such irrevocable deposit made pursuant to this Section 11.03 and satisfaction of the other conditions set forth herein, the
Trustee upon request shall acknowledge in writing the discharge of the Guarantor’s and the Company’s obligations pursuant to this Section 11.03. 
 Section 11.04. Deposited Funds to be Held in Trust.  
 All funds or
Governmental Obligations deposited with the Trustee pursuant to Sections 11.02 or 11.03 shall be held in trust and shall be available for payment as due, either directly or through any paying agent (including a Guarantor or the Company acting as its
own paying agent), to the holders of the Securities of a particular series for the payment or redemption of which such funds or Governmental Obligations have been deposited with the Trustee. 

Section 11.05. Payment of Funds Held by Paying Agents.  

In connection with the provisions of Section 11.02 or 11.03, all funds or Governmental Obligations then held by any paying agent
under the provisions of 

  
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this Indenture shall, upon demand of Parent or the Company, be paid to the Trustee and thereupon such paying agent shall be released from all further liability with respect to such funds or
Governmental Obligations. 
 Section 11.06. Repayment to a Guarantor or the Company.  

Any funds or Governmental Obligations deposited with any paying agent or the Trustee, or then held by a Guarantor or the Company, in
trust for payment of principal of, premium, if any, or interest on the Securities of a particular series that are not applied but remain unclaimed by the holders of such Securities for at least one year after the date upon which the principal of,
premium, if any, or interest on such Securities shall have respectively become due and payable, shall be repaid to such Guarantor or the Company, as applicable, or if then held by a Guarantor or the Company shall be discharged from such trust; and
thereafter, the paying agent and the Trustee shall be released from all further liability with respect to such funds or Governmental Obligations, and the holder of any of the Securities entitled to receive such payment shall thereafter, as an
unsecured general creditor, look only to the Guarantor or the Company, as applicable, for the payment thereof. Anything in this Article 11 to the contrary notwithstanding, subject to Section 7.06, the Trustee shall deliver or pay to the
Guarantor or the Company, as applicable, from time to time upon written request by the Guarantor or the Company any funds or Governmental Obligations (or other property and any proceeds therefrom) held by it as provided in Sections 11.02 or 11.03
which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in excess of the amount thereof that would then be required to be deposited to effect
a defeasance or covenant defeasance, as the case may be, in accordance with this Article 11. 
 Section 11.07.
Reinstatement.  
 If the Trustee or paying agent is unable to apply any funds or Governmental Obligations in accordance
with Section 11.02 or 11.03 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the Guarantor’s and the
Company’s obligations under this Indenture, any indenture supplemental to the Indenture with respect to the applicable series of Securities and the Securities of such series shall be revived and reinstated as though no deposit had occurred
pursuant to Section 11.02 or 11.03, as the case may be, until such time as the Trustee or paying agent is permitted to apply all such funds or Governmental Obligations in accordance with Section 11.02 or 11.03, as the case may be;
provided, however, that if a Guarantor or the Company has made any payment of principal, premium, if any, or interest on any Securities of such series following the reinstatement of its obligations as aforesaid, such Guarantor or the Company, as
applicable, shall be subrogated to the rights of the holders of such Securities of such series to receive such payment from the funds or Governmental Obligations held by the Trustee or paying agent. 

  
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 ARTICLE 12 
 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS 

Section 12.01. No Recourse.  
 No recourse under or upon any obligation, covenant or agreement of this Indenture, or of any Security, or for any claim based thereon or otherwise in respect thereof, shall be had against any
incorporator, shareholder, officer or director, past, present or future as such, of a Guarantor or the Company or of any predecessor or successor corporation, either directly or through a Guarantor or the Company or any such predecessor or successor
corporation, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that this Indenture and the obligations issued hereunder are solely corporate
obligations, and that no such personal liability whatever shall attach to, or is or shall be incurred by, the incorporators, shareholders, officers or directors as such, of a Guarantor or the Company or of any predecessor or successor corporation,
or any of them, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in the Securities or implied therefrom; and that any and all such
personal liability of every name and nature, either at common law or in equity or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, shareholder, officer or director as such, because of the
creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in the Securities or implied therefrom, are hereby expressly waived and released as a condition of, and
as a consideration for, the execution of this Indenture and the issuance of such Securities. 
 ARTICLE 13 

MISCELLANEOUS PROVISIONS 
 Section 13.01. Effect on Successors and Assigns.  
 All the agreements
of the Guarantor and the Company in this Indenture or the Securities shall bind its respective successor whether so expressed or not. All agreements of the Trustee in this Indenture shall bind its successor whether so expressed or not. 

  
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 Section 13.02. Actions by Successor.  

Any act or proceeding by any provision of this Indenture authorized or required to be done or performed by any board, committee or
officer of a Guarantor or the Company shall and may be done and performed with like force and effect by the corresponding board, committee or officer of any corporation that shall at the time be the lawful sole successor of a Guarantor or the
Company, as applicable. 
 Section 13.03. Notices.  

Any notice or communication from a Guarantor, the Company or the Trustee to the others is duly given if in writing and delivered in
person or mailed by first-class mail (registered or certified, return receipt requested) (and/or to the extent permitted by applicable procedures or regulations, electronically delivered), telex, telecopier, electronically in PDF format or overnight
air courier guaranteeing next day delivery, to the other’s address: 
  

			
	If to the Company:	  	Mallinckrodt International Finance S.A.
		  	3b bd Prince Henri
		  	Luxembourg L-1724
		  	Attention: John Einwalter
		  	Facsimile No.: 352-266-279-00
		
	If to CIFSA:	  	Covidien International Finance S.A.
		  	15 Hampshire Street
		  	Mansfield, MA 02048
		  	Attention: Greg Andrulonis
		  	Facsimile No.: 508-452-4492
		
	If to Mallinckrodt:	  	Mallinckrodt plc
		  	Damastown, Mulhuddart
		  	Dublin 15, Ireland
		  	Attention: John Einwalter
		  	Facsimile No.: +353-266-379-92
	
	In either case, with a copy to:
		
		  	Mallinckrodt plc
		  	675 McDonnell Blvd.
		  	Hazelwood, MO 63042Attention: Miriam Singer

  
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	If to the Trustee:	  	Deutsche Bank Trust Company Americas
		  	Trust & Agency Services
		  	60 Wall Street, 27th Floor
		  	MS: NYC60-2710
		  	New York, NY 10005
		  	Attention: Corporates Team / Mallinckrodt
		  	International Finance S.A.
		  	Facsimile No.: 732-578-4635
		
	With a copy to:	  	Deutsche Bank National Trust Company
		  	for Deutsche Bank Trust Company Americas
		  	Trust & Agency Services
		  	100 Plaza One
		  	6th Floor, MS JCY03-0699
		  	Jersey City, New Jersey 07311-3901
		  	Attention: Corporates Team / Mallinckrodt
		  	International Finance S.A.
		  	Facsimile No.: 732-578-4635

 Mallinckrodt plc, CIFSA, the Company or the Trustee by notice to the others may designate additional or
different addresses for subsequent notices or communications. 
 All notices and communications (other than those sent to
Securityholders) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when answered back, if telexed; when sent, if sent
electronically in PDF format; when receipt acknowledged, if telecopied; and the next Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. 

Any notice or communication to a Securityholder shall be mailed by first-class mail (and/or to the extent permitted by applicable
procedures or regulations, electronically delivered), certified or registered, return receipt requested, to his address shown on the Security Register. Failure to mail (and/or to the extent permitted by applicable procedures or regulations,
electronically deliver) a notice or communication to a Securityholder or any defect in it shall not affect its sufficiency with respect to other Securityholders. 
 In the event of suspension of regular mail service or by reason of any other cause it shall be impracticable to give notice by mail, then such notification as shall be given with the approval of the
Trustee shall constitute sufficient notice for every purpose hereunder. 
 If a notice or communication is mailed (and/or to the
extent permitted by applicable procedures or regulations, electronically delivered) in the manner provided above within the time prescribed, it is conclusively presumed duly given, whether or not the addressee receives it. 

  
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 Section 13.04. Governing Law.  

This Indenture and each series of the Securities shall be governed by and construed in accordance with the internal laws of the State of
New York without regard for conflicts of laws principles that would require the application of any other law. This Indenture is subject to the provisions of the Trust Indenture Act that are required to be part of this Indenture and shall, to the
extent applicable, be governed by such provisions. Articles 86 to 94-8 and 98 of the Luxembourg act dated 10 August 1915 on commercial companies, as amended, shall not apply in respect of the Securities. 

Section 13.05. Treatment of Securities as Debt.  
 It is intended that the Securities will be treated as indebtedness and not as equity for United States federal income tax purposes. The provisions of this Indenture shall be interpreted to further this
intention. 
 Section 13.06. Compliance Certificates and Opinions.  

(a) Upon any application or demand by a Guarantor or the Company to the Trustee to take any action under any of the provisions of this
Indenture, such Guarantor or the Company shall furnish to the Trustee an Officer’s Certificate stating that, in the opinion of the signer, all conditions precedent provided for in this Indenture relating to the proposed action have been
complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent have been complied with, except that (i) in the case of any such application or demand as to which the furnishing of such
documents is specifically dealt with by any provision of this Indenture relating to such particular application or demand and (ii) in the case of the execution by the Trustee of this Indenture and any related documents (including the
Securities) on the Issue Date, no additional certificate or opinion need be furnished. 
 (b) Each certificate or opinion
provided for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant in this Indenture shall include: (1) a statement that the Person making such certificate or opinion has read such covenant or
condition; (2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; (3) a statement that, in the opinion of such Person,
he or she has made such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been complied with; and (4) a statement as to whether or not, in the
opinion of such Person, such condition or covenant has been complied with. 

  
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 Section 13.07. Payments on Business Days.  

In any case where the date of maturity of interest or principal of any Security or the date of redemption of any Security shall not be a
Business Day, then payment of principal, premium, if any, or interest or principal and premium, if any, may be made on the next succeeding Business Day with the same force and effect as if made on the nominal date of maturity or redemption, and no
interest shall accrue for the period after such nominal date. 
 Section 13.08. Conflict with Trust Indenture Act. 

 If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by Sections
310 to 317, inclusive, of the Trust Indenture Act, such imposed duties shall control. 
 Section 13.09. Counterparts.
 
 This Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts
shall together constitute but one and the same instrument. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto
and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes. 

Section 13.10. Separability.  
 In case any one or more of the provisions contained in this Indenture or in the Securities of any series shall for any reason be held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture or of such Securities, but this Indenture and such Securities shall be construed as if such invalid or illegal or unenforceable provision had never
been contained herein or therein. 
 Section 13.11. No Adverse Interpretation of Other Agreements.  

This Indenture may not be used to interpret another indenture, loan or debt agreement of a Guarantor, the Company or a Subsidiary. Any
such indenture, loan or debt agreement may not be used to interpret this Indenture. 

  
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 Section 13.12. Table of Contents, Headings, Etc.  

The Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted for
convenience of reference only, are not to be considered a part hereof and shall in no way modify or restrict any of the terms or provisions hereof. 
 Section 13.13. Consent to Jurisdiction and Service of Process.  
 Each
of the Guarantor and the Company agrees that any legal suit, action or proceeding brought by any party to enforce any rights under or with respect to this Indenture, any Security and any Guarantee or any other document or the transactions
contemplated hereby or thereby may be instituted in any state or federal court in The City of New York, State of New York, United States of America, irrevocably waives to the fullest extent permitted by law any objection which it may now or
hereafter have to the laying of venue of any such suit, action or proceeding, irrevocably waives to the fullest extent permitted by law any claim that and agrees not to claim or plead in any court that any such action, suit or proceeding brought in
such court has been brought in an inconvenient forum and irrevocably submits to the non-exclusive jurisdiction of any such court in any such suit, action or proceeding or for recognition and enforcement of any judgment in respect thereof.

 The (i) Company hereby irrevocably and unconditionally designates and appoints Mallinckrodt Enterprises LLC, 675
McDonnell Blvd., Hazelwood, MO 63042, U.S.A. (and any successor entity) as its authorized agent to receive and forward on its behalf service of any and all process which may be served in any such suit, action or proceeding in any such court and
agrees that service of process upon Mallinckrodt Enterprises LLC shall be deemed in every respect effective service of process upon the Company in any such suit, action or proceeding and shall be taken and held to be valid personal service upon the
Company, as the case may be and (ii) CIFSA hereby irrevocably and unconditionally designates and appoints Covidien Holdings Inc., 15 Hampshire Street, Mansfield, MA 02038, U.S.A. (and any successor entity) as its authorized agent to receive and
forward on its behalf service of any and all process which may be served in any such suit, action or proceeding in any such court and agrees that service of process upon Covidien Holdings Inc. shall be deemed in every respect effective service of
process upon CIFSA in any such suit, action or proceeding and shall be taken and held to be valid personal service upon CIFSA, as the case may be. Said designation and appointment shall be irrevocable. Nothing in this Section 13.13 shall affect
the right of the Holders to serve process in any manner permitted by law or limit the right of the Holders to bring proceedings against a Guarantor or the Company in the courts of any jurisdiction or jurisdictions. Each of CIFSA and the Company
further agrees to take any and all action, including the execution and filing of any and all such documents and instruments, as may be necessary to continue such designation and appointment set forth in the immediately preceding sentence in full
force and effect so long as 

  
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the Securities are outstanding. Each of CIFSA and the Company hereby irrevocably and unconditionally authorizes and directs their respective authorized agents to accept such service on their
behalf. If for any reason any authorized agent ceases to be available to act as such, CIFSA and/or the Company, as the case may be, agrees to designate a new agent in New York City. 

To the extent that a Guarantor or the Company has or hereafter may acquire any immunity from jurisdiction of any court (including any
court in the United States, the State of New York, Luxembourg, Ireland or other jurisdiction in which a Guarantor or the Company, or any successor thereof, may be organized or any political subdivisions thereof) or from any legal process (whether
through service of notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its property or assets, this Indenture, the Securities, the Guarantees or any other documents or actions to
enforce judgments in respect of any thereof, then each of the Guarantor and the Company hereby irrevocably waives such immunity, and any defense based on such immunity, in respect of its obligations under the above-referenced documents and the
transactions contemplated thereby, to the extent permitted by law. 
 Section 13.14. Waiver of Jury Trial. 

 EACH OF THE COMPANY AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL
RIGHT TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE SECURITIES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 Section 13.15. USA Patriot Act.  
 The parties hereto
acknowledge that in order to help the United States government fight the funding of terrorism and money laundering activities, pursuant to Federal regulations that became effective on October 1, 2003 (Section 326 of the USA PATRIOT Act) all
financial institutions are required to obtain, verify, record and update information that identifies each person establishing a relationship or opening an account. The parties to this Agreement agree that they will provide to Deutsche Bank Trust
Company Americas such information as it may request, from time to time, in order for Deutsche Bank Trust Company Americas to satisfy the requirements of the USA PATRIOT Act, including but not limited to the name, address, tax identification number
and other information that will allow it to identify the individual or entity who is establishing the relationship or opening the account and may also ask for formation documents such as articles of incorporation or other identifying documents to be
provided. 

  
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 Section 13.16. Force Majeure.  

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

ARTICLE 14 

ADDITIONAL AMOUNTS; CERTAIN TAX PROVISIONS 

Section 14.01. Redemption Upon Changes in Withholding Taxes. 

(a) The Company or a Guarantor, as applicable, may redeem the Securities of either series, in whole but not in part, at its
discretion at any time upon giving not less than 30 nor more than 60 days’ prior written notice to the Holders of the Securities of such series (which notice will be irrevocable) and upon 45 days’ prior written notice to the Trustee (or
such shorter period as agreed by the Trustee), at a redemption price equal to 100% of the aggregate principal amount thereof, together with accrued and unpaid interest, if any, to the date fixed for redemption (a “Tax Redemption
Date”) and all Additional Amounts (if any) then due and which will become due on the Tax Redemption Date as a result of the redemption or otherwise (subject to the right of Holders of the Securities of the applicable series on the relevant
Record Date to receive interest due on the relevant Interest Payment Date and Additional Amounts (if any) in respect thereof), if on the next date on which any amount would be payable in respect of the Securities of such series, the Company or a
Guarantor is or would be required to pay Additional Amounts, and the Company or such Guarantor cannot avoid any such payment obligation by taking reasonable measures available to it, and the requirement arises as a result of: 

(i) any amendment to, or change in, the laws (or any regulations or rulings promulgated thereunder) of a relevant Tax
Jurisdiction which change or amendment becomes effective on or after the Issue Date (or, if the applicable Company Tax Jurisdiction became a Company Tax Jurisdiction on a date after the Issue Date, such later date), or 

(ii) any amendment to, or change in, an official interpretation or application of such laws, regulations or rulings
(including by virtue of a holding, judgment, order by a court of competent jurisdiction or a change 

  
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in published administrative practice) which amendment or change becomes effective on or after the issue date (or, if the applicable Company Tax Jurisdiction became a Company Tax Jurisdiction on a
date after the issue date, such later date). 
 (b) Neither the Company nor a Guarantor will give any such notice of redemption
earlier than 90 days prior to the earliest date on which the Company or such Guarantor, as applicable, would be obligated to make such payment or withholding if a payment in respect of the Securities was then due, and the obligation to pay
Additional Amounts must be in effect at the time such notice is given. Prior to the publication or, where relevant, mailing (and/or to the extent permitted by applicable procedures or regulations, electronic delivery) of any notice of redemption of
the Securities of the applicable series pursuant to this Article 14, the Company or a Guarantor, as applicable, will deliver to the Trustee an opinion of independent tax counsel to the effect that there has been such amendment or change which would
entitle the Company or such Guarantor to redeem the Securities of such series. In addition, before the Company or such Guarantor, as applicable, publishes or mails (and/or to the extent permitted by applicable procedures or regulations,
electronically delivers) notice of redemption of the Securities of such series, it will deliver to the Trustee an Officer’s Certificate to the effect that the Company or such Guarantor cannot avoid its obligation to pay Additional Amounts with
respect to such Securities by taking reasonable measures available to it. 
 (c) The Trustee shall receive and shall be entitled
to conclusively rely on the Officer’s Certificate and Opinion of Counsel referred to in Section 14.01(b) as evidence of the existence and satisfaction of the conditions precedent as described above, in which event it will be conclusive and
binding on the Holders of the Securities of the applicable series. 
 (d) This Section 14.01 will apply mutatis mutandis to
any jurisdiction in which any successor person to the Company or a Guarantor is incorporated or organized, or any jurisdiction from or through which payment is made by or on behalf of such Person on the Securities of either series (or any Guarantee)
and any political subdivision thereof or therein. 
 Section 14.02. Payment of Additional Amounts.  

(a) All payments made by the Company under or with respect to the Securities or by a Guarantor with respect to a Guarantee,
will be made free and clear of and without withholding or deduction for, or on account of, any present or future tax, duty, levy, assessment or other governmental charge, including any related interest, penalties or additions to tax
(“Taxes”) unless the withholding or deduction of such Taxes is then required by law or by interpretation or administration of law. If any deduction or withholding for, or on account of, any

  
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Taxes imposed or levied by or on behalf of (i) any jurisdiction in which the Company, or the applicable Guarantor, is then incorporated, organized or resident for tax purposes or any
political subdivision thereof or therein (each, a “Company Tax Jurisdiction”) or (ii) any jurisdiction from or through which payment is made by or on behalf of the Company, or a Guarantor (including the jurisdiction of any
paying agent for the applicable series of Securities) or any political subdivision thereof or therein (each, together with each Company Tax Jurisdiction, a “Tax Jurisdiction”) will at any time be required to be made from any
payments made by the Company under or with respect to the applicable series of Securities or a Guarantor under or with respect to the applicable Guarantee, including payments of principal, redemption price, interest or premium, the Company or such
Guarantor, as applicable, will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received in respect of such payments by each holder of the Securities of such series after such
withholding, deduction or imposition (including any such withholding, deduction or imposition from such Additional Amounts) will equal the respective amounts that would have been received in respect of such payments in the absence of such
withholding or deduction; provided, however, that no Additional Amounts will be payable with respect to: 
 (i)
any Taxes, to the extent such Taxes would not have been imposed but for the existence of any actual or deemed present or former connection between the holder or the beneficial owner of the Securities of a series and the relevant Tax Jurisdiction
(including, without limitation, being or having been a national, resident or citizen of, being or having been engaged in a trade or business in, being or having been physically present in, or having or having had a permanent establishment in, such
jurisdiction for Tax purposes), other than the holding of such Securities, the enforcement of rights under such Securities or under a Guarantee or the receipt of any payments in respect of such Securities or a Guarantee; 

(ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of such Securities for payment
(where presentation is required) more than 30 days after the relevant payment is first made available for payment to the Holder (except to the extent that the Holder would have been entitled to Additional Amounts had the Securities been presented on
the last day of such 30 day period); 
 (iii) any estate, inheritance, gift, sales, transfer, personal property
or similar Taxes; 
 (iv) any Taxes withheld, deducted or imposed on a payment to an individual that are required
to be made pursuant to European Council Directive 2003/48/EC or any other directive implementing the conclusions of the ECOFIN Council meeting of November 26 and 27, 2000 on the taxation of savings income, or any law implementing or complying
with or introduced in order to conform to, such directive; 

  
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 (v) Taxes imposed on or with respect to a payment made to a holder of
Securities who would have been able to avoid such withholding or deduction by presenting such Securities (where presentation is required) to another paying agent; 

(vi) any Taxes payable other than by deduction or withholding from payments under, or with respect to, such Securities or
the applicable Guarantee; 
 (vii) any Taxes to the extent such Taxes are imposed or withheld by reason of the
failure of the holder or beneficial owner of such Securities, to comply with any written request of the Company or a Guarantor addressed to the Holder to satisfy any certification, identification, information or other reporting requirements, whether
required by statute, treaty, regulation or administrative practice of a relevant Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the relevant Tax Jurisdiction
(including, without limitation, a certification that the Holder or beneficial owner is not resident in such Tax Jurisdiction), but in each case, only to the extent the Holder or beneficial owner is legally entitled to provide such certification or
documentation; 
 (viii) any withholding or deduction required pursuant to Section 1471(b) of the Internal
Revenue Code of 1986, as amended (the “Code”), or otherwise imposed pursuant to Sections 1471 through 1474 of the Code, any regulations or agreements thereunder, official interpretations thereof, or any law implementing an
intergovernmental approach thereto; 
 (ix) any Taxes that are imposed or withheld solely because the beneficial
owner of such Securities, or a fiduciary, settler, beneficiary, or member of the beneficial owner if the beneficial owner is an estate, trust, partnership, limited liability company or other fiscally transparent entity, or a person holding a power
over an estate or trust administered by a fiduciary holder owns or owned 10% or more of the total voting power of all classes of stock of the Company or the applicable Guarantor; or 

(x) any combination of clauses (i) through (ix) of this Section 14.02(a). 

(b) Additional Amounts will not be paid with respect to any payment on a Security to a Holder who is a fiduciary, a partnership or other
entity treated as a partnership for U.S. federal income tax purposes, a limited liability company or 

  
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other entity that is not the sole beneficial owner of such payment to the extent such payment would be required by the laws of a relevant Tax Jurisdiction (or any political subdivision thereof)
to be included in the income, for tax purposes, of a beneficiary or settlor with respect to such fiduciary, a partner of such partnership or other entity treated as a partnership for U.S. federal income tax purposes, a member of such limited
liability company or such other beneficial owner, in each case, who would not have been entitled to the Additional Amounts had that beneficiary, settlor, member or beneficial owner been the holder. 

(c) The Company and the applicable Guarantor, as the case may be, will also pay and indemnify Holders for any present or future stamp,
issue, registration, court or documentary Taxes, or any other excise or property Taxes, charges or similar levies (including penalties, interest and any other reasonable expenses related thereto) which are levied by a relevant Tax Jurisdiction on
the execution, delivery, issuance, or registration of the Securities of either series, or this Indenture, the applicable Guarantee or any other document or instrument referred to therein in connection with a transfer of such Securities at the time
of the initial resale by the Initial Purchasers. 
 (d) If the Company or a Guarantor, as the case may be, becomes aware that it
will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Securities of either series, or a Guarantee, the Company or such Guarantor, as the case may be, will deliver to the Trustee on a date that is at
least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises fewer than 45 days prior to that payment date, in which case the Company or such Guarantor shall notify the Trustee in writing promptly
thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate(s) must also set forth any other information reasonably necessary to enable
the paying agent to pay such Additional Amounts to Holders of Securities of such series on the relevant Interest Payment Date. The Trustee shall be entitled to rely solely on such Officer’s Certificate (as supplemented, updated or revised by
any subsequent Officer’s Certificates) as conclusive proof that such payments are necessary. 
 (e) The Company or a
Guarantor, as the case may be, will make all withholdings and deductions required by law in respect of the Securities, and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Company
or such Guarantor will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. Upon reasonable written request, the Company or such Guarantor will furnish to the Trustee
(or to a Holder or beneficial owner upon written request), within a reasonable time after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Company or such Guarantor, as the
case may 

  
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be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity.

 (f) The provisions of this Article 14 shall survive any termination, defeasance or discharge of this Indenture and any
transfer by a Holder or beneficial owner of the Securities of either series and shall apply mutatis mutandis to any jurisdiction in which any successor Person to a Guarantor or the Company, as the case may be, is incorporated, organized or resident
for tax purposes or any jurisdiction from or through which payment is made by or on behalf of such Person on such Securities (or any Guarantee) and any political subdivision thereof or therein. 

(g) Whenever in this Indenture, the Securities or the Guarantees there is mentioned, in any context, the payment of amounts based upon
the principal amount of the Securities of a series or of principal, interest or of any other amount payable under or with respect to any such Security, such mention shall be deemed to include mention of the payment of Additional Amounts to the
extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. 
 ARTICLE 15 

GUARANTEES 
 Section 15.01. Guarantee.  
 The Guarantor hereby fully and
unconditionally guarantees (i) to each holder of each Security that is authenticated and delivered by the Trustee, and (ii) to the Trustee on behalf of such Holder, the due and punctual payment of the principal of, premium, if any, and
interest on such Security when and as the same shall become due and payable, whether at the stated maturity, by acceleration, call for redemption or otherwise, in accordance with the terms of such Security and of this Indenture, including all fees
and expenses due and owing to the Trustee. In case of the failure of the Company punctually to make any such payment, the Guarantor hereby agrees to cause such payment to be made punctually when and as the same shall become due and payable, whether
at the stated maturity or by acceleration, call for redemption or otherwise, and as if such payment were made by the Company. 

Except as provide in Section 15.03, the Guarantor hereby agrees that its obligations hereunder shall be absolute and unconditional,
irrespective of, and shall be unaffected by, the validity, regularity or enforceability of such Security or this Indenture, the absence of any action to enforce the same or any release, amendment, waiver or indulgence granted to the Company or the
Guarantor or 

  
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any consent to departure from any requirement of any other guarantee of all or any of the Securities or any other circumstances which might otherwise constitute a legal or equitable discharge or
defense of a surety or guarantor. The Guarantor hereby waives the benefits of diligence, presentment, demand for payment, any requirement that the Trustee or any of the Holders protect, secure, perfect or insure any security interest in or other
lien on any property subject thereto or exhaust any right or take any action against the Company or any other Person or any collateral, filing of claims with a court in the event of insolvency or bankruptcy of the Company, any right to require a
proceeding first against the Company, protest or notice with respect to such Security or the indebtedness evidenced thereby and all demands whatsoever, and covenants that this Guarantee will not be discharged in respect of such Security except by
complete performance of the obligations contained in such Security and herein. The Guarantor agrees that if, after the occurrence and during the continuance of an Event of Default, the Trustee or any of the Holders of the Securities of the
applicable series are prevented by applicable law from exercising their respective rights to accelerate the maturity of such Securities, to collect interest on such Securities, or to enforce or exercise any other right or remedy with respect to such
Securities, the Guarantor agrees to pay to the Trustee for the account of such Holders, upon demand therefor, the amount that would otherwise have been due and payable had such rights and remedies been permitted to be exercised by the Trustee or any
of such Holders. 
 The Guarantor shall be subrogated to all rights of the holders of the Securities against the Company in
respect of any amounts paid by the Guarantor on account of such Security pursuant to the provisions of the Securities or this Indenture; provided, however, that the Guarantor shall not be entitled to enforce or to receive any payment arising out of,
or based upon, such right of subrogation until the principal of and interest on all Securities of such series issued hereunder shall have been paid in full. 
 The Guarantee shall remain in full force and effect and continue to be effective should any petition be filed by or against the Company for liquidation or reorganization, should the Company become
insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed for all or any part of the Company’s assets, and shall, to the fullest extent permitted by law, continue to be effective or be reinstated,
as the case may be, if at any time payment and performance of such Securities, is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any holder of such Securities, whether as a “voidable
preference,” “fraudulent transfer,” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, such Securities shall,
to the fullest extent permitted by law, be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored or returned. 

  
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 Any term or provision of the Guarantee to the contrary notwithstanding, the aggregate amount
of the obligations guaranteed hereunder shall be reduced to the extent necessary to prevent such Guarantee from violating or becoming voidable under applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting
the rights of creditors generally. 
 Section 15.02. Execution and Delivery of Guarantee.  

To evidence the Guarantee set forth in this Article 15, the Guarantor hereby agrees that this Indenture shall be executed on behalf of
the Guarantor by an Officer of the Guarantor. 
 The Guarantor hereby agrees that the Guarantee set forth in this Article 15
shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of the Guarantee on any Securities. 
 If an Officer whose signature is on this Indenture no longer holds that office at the time the Trustee authenticates any Security, the Guarantee shall be valid nevertheless. 

The delivery of any Security by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Guarantee
set forth in this Indenture on behalf of the Guarantor. 
 Section 15.03. Release of CIFSA Guarantee.
(a) CIFSA shall be automatically and unconditionally released and discharged from all obligations under this Indenture and its Guarantee and the Trustee and any Holder will be deemed to have consented to such release without any
action required on the part of the Trustee or any Holder subject to and concurrently with the satisfaction of the following conditions (the “Guarantee Release Conditions”): 

(i) the Distribution and the transactions related to the Separation that are contemplated to be consummated prior to the
Distribution shall have occurred substantially in accordance with the descriptions thereof in the Offering Memorandum, without any modification thereof that is materially adverse to the interest of the Holders of the Securities (as conclusively
determined by the board of directors of CIFSA); 
 (ii) no Event of Default hereunder shall have occurred and be
continuing; and 
 (iii) (A) the execution and delivery by Mallinckrodt plc of (1) a supplemental indenture
in the form of Exhibit E hereto and (2) a joinder agreement in the form of Exhibit A to the Purchase Agreement and (B) the 

  
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delivery by Mallinckrodt plc of certain opinions of its counsel to the Initial Purchasers as specified in the Purchase Agreement (as to which the Trustee shall receive reliance as to the
enforceability opinion). 
 (b) Additionally, CIFSA will deliver an Officer’s Certificate to the Trustee to evidence the
satisfaction of the Guarantee Release Conditions stating that the Guarantee Release Conditions have been satisfied, and the Trustee may conclusively rely on such certificate. 
 [Signature page follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed all as
of the day and year first above written. 
  

					
	MALLINCKRODT INTERNATIONAL FINANCE S.A.
		
	By:	 	 /s/ Michelangelo Stefani

		 	Name:	 	Michelangelo Stefani
		 	Title:	 	Director
	
	COVIDIEN INTERNATIONAL FINANCE S.A.
		
	By:	 	 /s/ Michelangelo Stefani

		 	Name:	 	Michelangelo Stefani
		 	Title:	 	Managing Director
	
	DEUTSCHE BANK TRUST COMPANY AMERICAS
		
	By:	 	Deutsche Bank National Trust Company
		
	By:	 	 /s/ Linda Reale

		 	Name:	 	Linda Reale
		 	Title:	 	Vice President
		
	By:	 	 /s/ Wanda Camacho

		 	Name:	 	Wanda Camacho
		 	Title:	 	Vice President

  
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