Document:

EX-10.4

 Exhibit 10.4 
 PREPARED, RECORDING REQUESTED BY, 
 AND WHEN RECORDED MAIL TO: 

Cahill Gordon & Reindel LLP 
 80 Pine
Street 
 New York, NY 10005 

Attention: Athy A. O’Keeffe 
  

 
 LINE OF CREDIT DEED OF TRUST,
ASSIGNMENT OF RENTS AND LEASES, SECURITY AGREEMENT AND FIXTURE FILING 
 by and among 

ERICKSON AIR-CRANE INCORPORATED, “Grantor” 
 CHICAGO TITLE INSURANCE COMPANY, “Trustee” 
 and 

WILMINGTON TRUST, NATIONAL ASSOCIATION, 
 166 Mercer Street, Suite 2R 
 New York, New York 10012 

in its capacity as agent, “Beneficiary” 
 Dated as of June 14, 2013 
  

			
	Location:	  	3100 Willow Springs Road, Central Point, OR 97502
		  	1993 Kirtland Road, Central Point, OR 97502
	Municipality:	  	Central Point
	County:	  	Jackson County
	State:	  	Oregon

 ORS 86.155 STATEMENTS: 
 Maximum Principal Amount to be Advanced Pursuant to the Indenture: $400,000,000 
 Maturity
Date of the Notes: 
 (exclusive of any option to renew or extend): May 1, 2020 

NOTICE TO RECORDER: THIS DOCUMENT SERVES AS A FIXTURE FILING UNDER THE OREGON UNIFORM COMMERCIAL CODE, ORS § 79.0502(3). 

Tax Account Numbers for the property subject to the lien of this Deed of Trust are: 
 1-018858-2, 3-014105-1 and 1-079606-6 

 Anything herein to the contrary notwithstanding, the liens and security interests granted to Wilmington
Trust, National Association, as Agent, pursuant to the Indenture and this Deed of Trust, the exercise of any right or remedy by Wilmington Trust, National Association as Agent hereunder and certain of the rights of the Holders of the Notes, are
subject to the provisions of the Intercreditor Agreement dated as of May 2, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), by and between Wells Fargo Bank,
National Association, as First Lien Agent, and Wilmington Trust, National Association, as Second Lien Agent. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Deed of Trust, the terms of the
Intercreditor Agreement shall govern and control. 

 LINE OF CREDIT DEED OF TRUST, ASSIGNMENT OF RENTS AND LEASES, SECURITY AGREEMENT, AND
FIXTURE FILING 
 THIS LINE OF CREDIT DEED OF TRUST, ASSIGNMENT OF RENTS AND LEASES, SECURITY AGREEMENT AND FIXTURE
FILING (this “Deed of Trust”) is dated as of June 14, 2013, by and among ERICKSON AIR-CRANE INCORPORATED, a Delaware corporation (“Grantor”), whose address is 5550 S.W. Macadam Avenue,
Suite 200, Portland, Oregon 97239, CHICAGO TITLE INSURANCE COMPANY (“Trustee”), with an address at 1211 SW Fifth Avenue, Suite 2130, Portland, Oregon 97204 and WILMINGTON TRUST, NATIONAL ASSOCIATION, a national
banking association, in its capacity as notes collateral agent for the Secured Parties (as such term is defined in the Security Agreement, as hereinafter defined) (in such capacity, “Agent”) pursuant to the Indenture (as
hereinafter defined), whose address is 166 Mercer Street, Suite 2R, New York, New York 10012 (Agent, together with its successors and assigns in such capacity, is referred to herein as “Beneficiary”). 

RECITALS: 
 WHEREAS, Grantor is the fee owner of the real property described in Exhibit A attached hereto; 
 WHEREAS, pursuant to that certain Indenture dated May 2, 2013 (as amended, restated, supplemented, or otherwise modified from time to time, the “Indenture”) by and among Grantor (the
“Issuer”), certain subsidiaries of EAC as guarantors (the “Guarantors”), and Wilmington Trust, National Association, a national banking association, in its capacity as collateral agent and as trustee (in such
capacity, together with its successors and assigns in such capacity, “Indenture Trustee”), Grantor has issued $400,000,000 aggregate principal amount of 8.25% Second Priority Senior Secured Notes due 2020 (together with any
Additional Notes issued under the Indenture, the “Notes”); 
 WHEREAS, Agent has agreed to act as agent for the
benefit of the Secured Parties in connection with the transactions contemplated by the Secured Documents (as defined in the Security Agreement) and this Deed of Trust; 
 WHEREAS, it was a condition to the issuance of the Notes that the Grantor executes and delivers this Deed of Trust within a specific period following the closing of the Notes issuance; 

WHEREAS, for the avoidance of doubt, this Deed of Trust shall constitute a “Security Document” (as such term is defined in the
Indenture); 
 WHEREAS, from time to time after the date hereof, Grantor may, subject to the terms and conditions of the
Indenture and the Security Documents, incur Other Pari Passu Lien Obligations (including Additional Notes issued under the Indenture), that Grantor desires to secure by the Trust Property (as such term is defined below) on a pari passu basis with
the Notes as further provided under the Intercreditor Agreement; 
 WHEREAS, in order to induce the Secured Parties to enter
into the Indenture and the other Secured Documents and to induce the Secured Parties to make financial 

 
accommodations as provided for in the Indenture and the other Secured Documents, Grantor agreed to grant to Agent, for the benefit of the Secured Parties, a continuing security interest in and
to, and lien upon the Trust Property (as such term is defined below) in order to secure the prompt and complete payment, observance and performance of, among other things, the Secured Obligations (as defined below); and 

NOW, THEREFORE, for and in consideration of the recitals made above and other good and valuable consideration, the receipt, sufficiency
and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE 1 

DEFINITIONS 
 Section 1.1 Definitions. All initially capitalized terms used herein (including in the preamble and recitals hereof) without definition shall have the meanings ascribed thereto in the
Indenture. Any terms (whether capitalized or lower case) used in this Deed of Trust that are defined in the Code (as hereinafter defined) shall be construed and defined as set forth in the Code unless otherwise defined herein or in the Indenture;
provided that to the extent that the Code is used to define any term used herein and if such term is defined differently in different Articles of the Code, the definition of such term contained in Article 9 of the Code shall govern. In addition to
those terms defined elsewhere in this Agreement, as used in this Deed of Trust, the following terms shall have the following meanings: 
 (a) “Code” means the Oregon Uniform Commercial Code, as in effect from time to time; provided, however, that in the event that, by reason of mandatory provisions of law, any or all
of the attachment, perfection, priority, or remedies with respect to the Agent’s Lien on any Trust Property is governed by the Uniform Commercial Code as enacted and in effect in a jurisdiction other than the State of Oregon, the term
“Code” shall meant the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely for purposes of the provisions relating to the attachment, perfection, priority or remedies. 

(b) “Event of Default” shall have the meaning specified therefor in the Security Agreement. 

(c) “Note Parties” shall mean the “Grantors” as such term is defined in the Indenture. 

(d) “Permitted Collateral Liens” has the meaning specified therefor in the Indenture. 

(e) “Secured Obligations” shall have the meaning specified in the Security Agreement. 

(f) “Security Agreement” shall mean that certain Security Agreement, dated as of May 2, 2013, among the
Issuer, the Grantors from time to time party thereto and the Agent, and all joinders thereto. 

 (g) “Trust Property”: All of Grantor’s right, title and
interest in and to the following, but expressly excluding any Excluded Assets: (1) the real property described in Exhibit A attached hereto and incorporated herein by this reference, together with any greater estate therein as hereafter
may be acquired by Grantor (the “Land”), (2) all improvements now owned or hereafter acquired by Grantor, now or at any time situated, placed or constructed upon the Land (the “Improvements”; the
Land and Improvements are collectively referred to herein as the “Premises”), (3) all materials, supplies, equipment, apparatus and other items of personal property now owned or hereafter acquired by Grantor and now or
hereafter attached to or installed in any of the Improvements or the Land, and water, gas, electrical, telephone, storm and sanitary sewer facilities and all other utilities whether or not situated in easements (the
“Fixtures”), (4) all reserves, escrows or impounds required under the Indenture and all deposit accounts maintained by Grantor with respect to the Trust Property (the “Deposit Accounts”),
(5) all existing and future leases, subleases, licenses, concessions, occupancy agreements or other agreements (written or oral, now or at any time in effect) which grant to any Person a possessory interest in, or the right to use or occupy,
all or any part of the Trust Property, whether made before or after the filing by or against Grantor of any petition for relief under the Bankruptcy Code, together with any extension, renewal or replacement of the same and together with all related
security and other deposits (the “Leases”), (8) all of the rents, additional rents, revenues, royalties, income, proceeds, profits, early termination fees or payments, security and other types of deposits, and other
benefits paid or payable by parties to the Leases for using, leasing, licensing, possessing, operating from, residing in, selling or otherwise enjoying the Trust Property or any part thereof, whether paid or accruing before or after the filing by or
against Grantor of any petition for relief in an Insolvency Proceeding (the “Rents”), (9) all other agreements, such as construction contracts, architects’ agreements, engineers’ contracts, utility contracts,
maintenance agreements, management agreements, service contracts, listing agreements, guaranties, warranties, permits, licenses, certificates and entitlements in any way relating to the construction, use, occupancy, operation, maintenance, enjoyment
or ownership of the Trust Property (the “Property Agreements”), (10) all rights, privileges, tenements, hereditaments, rights-of-way, easements, appendages and appurtenances appertaining to the foregoing, (11) all
property tax refunds, utility refunds and rebates, earned or received at any time with respect to the Trust Property (the “Tax Refunds”), (12) all accessions, replacements and substitutions for any of the foregoing and
all proceeds thereof (the “Proceeds”), (13) all insurance policies, unearned premiums therefor and proceeds from such policies covering any of the above property now or hereafter acquired by Grantor (the
“Insurance”), (14) any awards, damages, remunerations, reimbursements, settlements or compensation heretofore made or hereafter to be made by any governmental authority pertaining to the Land, Improvements or Fixtures
(the “Condemnation Awards”), (15) all of Grantor’s rights to appear and defend any action or proceeding brought with respect to the Trust Property and to commence any action or proceeding to protect the interest of
Grantor in the Trust Property, (16) all rights, powers, privileges, options and other benefits of Grantor as lessor under the Leases, including, without limitation, the immediate and continuing right to claim for, receive, collect and receive
all Rents payable or receivable under the Leases or pursuant thereto (and to apply the same to the payment of the Secured Obligations), and to do all other things which Grantor or any lessor is or may become entitled to do under the Leases and
(17) any and all after-acquired right, title or interest of Grantor in and to any property of the types described in the preceding clauses as such relates to the Trust Property. As used in this Deed of Trust, the term “Trust Property”
shall mean all or, where the context permits or requires, any portion of the above or any interest therein. NOTWITHSTANDING THE FOREGOING, THE TERM “TRUST PROPERTY” SHALL 

 
EXCLUDE ALL ITEMS OF PERSONAL PROPERTY IN WHICH BENEFICIARY HAS OBTAINED AND/OR PERFECTED A SECURITY INTEREST UNDER SEPARATE INSTRUMENTS, INCLUDING, WITHOUT LIMITATION, THE SECURITY AGREEMENT AND
THE AIRCRAFT AND ENGINE SECURITY AGREEMENT (as defined in the Security Agreement). 
 ARTICLE 2 

GRANT 
 Section 2.1 Grant. For and in consideration of all of the foregoing and other good and valuable consideration, the receipt and sufficiency whereof are hereby acknowledged, and in order
to secure the full and timely payment and performance of the Secured Obligations, Grantor GRANTS, BARGAINS, ASSIGNS, SELLS, WARRANTS and CONVEYS, to Trustee the Trust Property, TO HAVE AND TO HOLD the Trust Property and all parts, rights and
appurtenances thereof to Trustee, in trust for the benefit of Beneficiary (on behalf of itself and the Secured Parties), WITH POWER OF SALE and right of entry and possession, and Grantor does hereby bind itself, its successors and assigns to WARRANT
AND FOREVER DEFEND the title to the Trust Property unto Trustee against every person whomsoever lawfully claiming or to claim the same or any part thereof; provided, however, that upon the payment and performance in full of all Secured
Obligations (subject to the provisions of Section 9.7 hereof), then the liens, security interests, estates, and rights granted by this Deed of Trust shall automatically terminate, otherwise same shall remain in full force and effect.

 TO HAVE AND TO HOLD the Trust Property, together with all and singular the parts, rights, privileges, hereditaments, and
appurtenances thereto in any ways belonging or appertaining, to the use, benefit, and behoof of Trustee, its successors and assigns, in trust for the benefit of Beneficiary, in fee simple forever. THIS CONVEYANCE IS MADE UPON THE SPECIAL TRUST, that
if Grantor shall pay and perform the Secured Obligations in accordance with the terms of the Indenture and the other Secured Documents (subject to the provisions of Section 9.7 hereof), then this conveyance shall be null and void and
shall be released of record at the request of Grantor in accordance with Section 9.7 hereof. 
 ARTICLE 3

 WARRANTIES, REPRESENTATIONS AND COVENANTS 

Grantor warrants, represents and covenants to Beneficiary as follows: 

Section 3.1 Title to Trust Property and Lien of this Instrument. Grantor (a) (i) has good,
marketable and indefeasible title to the Trust Property, in fee simple, free and clear of any liens, claims or interests, except the Permitted Collateral Liens and (b) has full power and lawful authority to encumber the Trust Property in the
manner and form set forth in this Deed of Trust. Subject to the Permitted Collateral Liens, this Deed of Trust creates valid, enforceable second priority liens and security interests against the Trust Property. 

 Section 3.2 Lien Status. Subject to the other provisions
of the Secured Documents, Grantor shall preserve and protect the lien and security interest status of this Deed of Trust and the other Secured Documents. If any Lien, other than the Permitted Collateral Liens, is asserted against the Trust Property,
Grantor shall promptly upon obtaining knowledge thereof, and at its expense, (a) give Beneficiary a written notice of such Lien, and (b) pay the underlying claim in full or take such other action so as to cause it to be released or contest
the same in compliance with the requirements of the Indenture (including the requirement of providing a bond or other security satisfactory to Beneficiary). 
 Section 3.3 Payment and Performance. Grantor and the other Note Parties shall pay and perform the Secured Obligations when due under the Secured Documents. 

Section 3.4 Replacement of Fixtures. Grantor shall not, without the prior written consent of
Beneficiary, permit any material portion of the Fixtures to be removed at any time from the Land or Improvements, unless the removed item is removed temporarily for maintenance and repair or, if removed permanently, is replaced by an article of
equal or better suitability and value, owned by Grantor subject to the liens and security interests of this Deed of Trust and the other Secured Documents, and free and clear of any other lien or security interest except for Permitted Collateral
Liens or as may be permitted under the Indenture. 
 Section 3.5 Inspection. Without
limitation on any of the rights of Beneficiary under the Indenture, Grantor shall permit Beneficiary and its agents, representatives and employees to inspect the Trust Property and all books and records of Grantor located thereon, and to conduct
such environmental and engineering studies as Beneficiary may require. Provided that no Event of Default exists, all such inspection, testing and investigation shall be conducted at reasonable times and upon reasonable prior notice to Grantor and
shall occur no more frequently than once per fiscal year. Beneficiary shall restore the Trust Property to the condition it was in immediately prior to any such testing and investigation. 

Section 3.6 Other Covenants. All of the covenants of the Issuer in the Indenture are incorporated
herein by reference and, together with covenants in this Article 3, shall, to the extent applicable, be covenants running with the Land. 
 Section 3.7 Condemnation Awards and Insurance Proceeds. 
 (a)
Condemnation Awards. Grantor, promptly upon obtaining knowledge of the institution of any proceedings for the condemnation of the Trust Property or any material portion thereof, will notify Beneficiary of the pendency of such proceedings.
Subject to, and except as otherwise permitted by the terms of the Intercreditor Agreement and the 

 
other Secured Documents, Grantor assigns all awards and compensation to which it is entitled for any condemnation or other taking, or any purchase in lieu thereof, to Beneficiary and authorizes
Beneficiary to collect and receive such awards and compensation and to give proper receipts and acquittances therefor. Grantor hereby waives all rights to such awards and compensation collected or received by Beneficiary as described in the
foregoing sentence. Grantor, upon request by Beneficiary, shall make, execute and deliver any and all instruments requested for the purpose of confirming the assignment of the aforesaid awards and compensation to Beneficiary free and clear of any
liens, charges or encumbrances of any kind or nature whatsoever. 
 (b) Insurance Proceeds. Subject to, and except as
otherwise permitted by the terms of the Intercreditor Agreement and the other Secured Documents, Grantor assigns to Beneficiary all proceeds of any insurance policies insuring against loss or damage to the Trust Property and authorizes Beneficiary
to collect and receive such proceeds and authorizes and directs the issuer of each of such insurance policies to make payment for all such losses directly to Beneficiary, instead of to Grantor and Beneficiary jointly. In the event that the issuer of
such insurance policy fails to disburse directly or solely to Beneficiary but disburses instead either solely to Grantor or to Grantor and Beneficiary, jointly, Grantor shall immediately endorse and transfer such proceeds to Beneficiary if required
by the Indenture. Upon Grantor’s failure to do so as required by the Indenture, Beneficiary may execute such endorsements or transfers from and in the name of Grantor, and Grantor hereby irrevocably appoints Beneficiary as Grantor’s agent
and attorney-in-fact so to do. 
 Section 3.8 Costs of Defending and Upholding the Lien. If
any action or proceeding is commenced to which action or proceeding Trustee or Beneficiary is made a party or in which it becomes necessary for Trustee or Beneficiary to defend or uphold the lien of this Deed of Trust including any extensions,
renewals, amendments or modifications thereof, Grantor shall, on demand, reimburse Trustee and Beneficiary for all expenses (including, without limitation, reasonable attorneys’ fees) incurred by Trustee or Beneficiary in any such action or
proceeding and all such expenses shall be secured by this Deed of Trust. In any action or proceeding to foreclose this Deed of Trust or to recover or collect the Secured Obligations, the provisions of law relating to the recovering of costs,
disbursements and allowances shall prevail unaffected by this covenant. 
 Section 3.9 TRANSFER OF THE
SECURED PROPERTY. EXCEPT AS PERMITTED PURSUANT TO THE TERMS OF THE INDENTURE OR THE OTHER SECURED DOCUMENTS, GRANTOR SHALL NOT SELL, TRANSFER, PLEDGE, ENCUMBER, CREATE A SECURITY INTEREST IN, GROUND LEASE, OR OTHERWISE HYPOTHECATE, ALL OR
ANY PORTION OF THE TRUST PROPERTY WITHOUT THE PRIOR WRITTEN CONSENT OF BENEFICIARY. THE CONSENT BY BENEFICIARY TO ANY SALE, TRANSFER, PLEDGE, ENCUMBRANCE, CREATION OF A SECURITY INTEREST IN, GROUND LEASE, OR OTHER HYPOTHECATION OF, ANY PORTION OF
THE TRUST PROPERTY SHALL NOT BE DEEMED TO CONSTITUTE A NOVATION OR A CONSENT TO ANY FURTHER SALE, TRANSFER, PLEDGE, ENCUMBRANCE, CREATION OF A SECURITY INTEREST IN, 

 
GROUND LEASE, OR OTHER HYPOTHECATION, OR TO WAIVE THE RIGHT OF BENEFICIARY, AT ITS OPTION, TO DECLARE THE INDEBTEDNESS AND OTHER SECURED OBLIGATIONS SECURED HEREBY IMMEDIATELY DUE AND PAYABLE,
WITHOUT NOTICE TO GRANTOR OR ANY OTHER PERSON OR ENTITY, UPON ANY SUCH SALE, TRANSFER, PLEDGE, ENCUMBRANCE, CREATION OF A SECURITY INTEREST, GROUND LEASE, OR OTHER HYPOTHECATION TO WHICH BENEFICIARY SHALL NOT HAVE CONSENTED. 

Section 3.10 Security Deposits. To the extent required by law, or after an Event of Default has
occurred and during its continuance, if required by Beneficiary, all security deposits of tenants of the Trust Property shall be treated as trust funds not to be commingled with any other funds of Grantor. Within twenty (20) days after request
by Beneficiary during the continuance of an Event of Default, Grantor shall furnish satisfactory evidence of compliance with this Section 3.10, as necessary, together with a statement of all security deposits deposited by the tenants and
copies of all Leases not theretofore delivered to Beneficiary, as requested thereby, certified by Grantor. 
 ARTICLE 4

 [RESERVED] 
 ARTICLE 5 
 REMEDIES AND FORECLOSURE 

Section 5.1 Remedies. Upon the occurrence and during the continuation of an Event of Default,
Beneficiary may, at Beneficiary’s election and by or through Trustee or otherwise, exercise any or all of the following rights, remedies and recourses: 
 (a) To the extent permitted under and subject to the terms of the Indenture, declare the Secured Obligations to be immediately due and payable, without further notice, presentment, protest, notice of
intent to accelerate, notice of acceleration, demand or action of any nature whatsoever (each of which hereby is expressly waived by Grantor), whereupon the same shall become immediately due and payable. 

(b) Notify all tenants of the Premises and all others obligated on Leases of any part of the Premises that all rents and other sums owing
on Leases have been assigned to Beneficiary and are to be paid directly to Beneficiary, and to enforce payment of all obligations owing on Leases, by suit, ejectment, cancellation, releasing, reletting or otherwise, whether or not Beneficiary has
taken possession of the Premises, and to exercise whatever rights and remedies Beneficiary may have under any assignment of rents and leases. 
 (c) As and to the extent permitted by law, enter the Trust Property, either personally or by its agents, nominees or attorneys, and take exclusive possession thereof and thereupon, Beneficiary may
(i) use, operate, manage, control, insure, maintain, repair, restore 

 
and otherwise deal with all and every part of the Premises and conduct business thereat; (ii) complete any construction on the Premises in such manner and form as Beneficiary deems advisable
in the reasonable exercise of its judgment; (iii) exercise all rights and power of Grantor with respect to the Premises, whether in the name of Grantor, or otherwise, including, without limitation, the right to make, cancel, enforce or modify
Leases, obtain and evict tenants, and demand, sue for, collect and receive all earnings, revenues, rents, issues, profits and other income of the Premises and every part thereof, which rights shall not be in limitation of Beneficiary’s rights
under any assignment of rents and leases securing the Secured Obligations; and (iv) pursuant to the provisions of the Indenture, apply the receipts from the Premises to the payment of the Secured Obligations, after deducting therefrom all
expenses (including attorneys’ fees) incurred in connection with the aforesaid operations and all amounts necessary to pay the taxes, assessments, insurance and other charges in connection with the Trust Property, as well as just and reasonable
compensation for the services of Beneficiary, its counsel, agents and employees. 
 (d) Hold, lease, develop, manage, operate or
otherwise use the Trust Property upon such terms and conditions as Beneficiary may deem reasonable under the circumstances (making such repairs, alterations, additions and improvements and taking other actions, from time to time, as Beneficiary
deems necessary or desirable), and apply all Rents and other amounts collected by Trustee in connection therewith in accordance with the provisions of Section 5.7 hereof. 

(e) Require Grantor to assemble any collateral under the Code and make it available to Beneficiary, at Grantor’s sole risk and
expense, at a reasonable place or places to be designated by Beneficiary, in its sole discretion. 
 (f) Institute proceedings
for the complete foreclosure of this Deed of Trust, either by judicial action or by power of sale which is hereby conferred, in which case the Trust Property may be sold for cash or credit in accordance with applicable law in one or more parcels as
Beneficiary may determine. Except as otherwise required by applicable law, with respect to any notices required or permitted under the Code, Grantor agrees that ten (10) days’ prior written notice shall be deemed commercially reasonable.
At any such sale by virtue of any judicial proceedings, power of sale, or any other legal right, remedy or recourse, the title to and right of possession of any such property shall pass to the purchaser thereof, and to the fullest extent permitted
by law, Grantor shall be completely and irrevocably divested of all of its right, title, interest, claim, equity, equity of redemption, and demand whatsoever, either at law or in equity, in and to the property sold and such sale shall be a perpetual
bar both at law and in equity against Grantor, and against all other Persons claiming or to claim the property sold or any part thereof, by, through or under Grantor. Beneficiary or any of the Secured Parties may be a purchaser at such sale. If
Beneficiary is the highest bidder, Beneficiary may credit the portion of the purchase price that would be distributed to Beneficiary (on behalf of the Secured Parties) against the Secured Obligations in lieu of paying cash. In the event this Deed of
Trust is foreclosed by judicial action, appraisement and valuation of the Trust Property is waived. In the event of any sale made under or by virtue of this Article 5 (whether made by virtue of judicial proceedings or of a judgment or decree
of foreclosure and sale) all of the Secured Obligations, if not previously due and payable, immediately thereupon shall become due and payable. The failure to make any such tenants of the Premises party to any such foreclosure proceedings and to
foreclose their rights will not be, nor be asserted to be by Grantor, a defense to any proceedings instituted by Beneficiary to collect the sums secured hereby. 

 (g) With or without entry, to the extent permitted and pursuant to the procedures provided
by applicable law, institute proceedings for the partial foreclosure of this Deed of Trust for the portion of the Secured Obligations then due and payable (if Beneficiary shall have elected not to declare all of the Secured Obligations to be
immediately due and owing), subject to the continuing lien of this Deed of Trust for the balance of the Secured Obligations not then due; or (1) as and to the extent permitted by law, sell for cash or upon credit the Trust Property or any part
thereof and all estate, claim, demand, right, title and interest of Grantor therein, pursuant to power of sale or otherwise, at one or more sales, as an entity or in parcels, at such time and place, upon such terms and after such notice thereof as
may be required or permitted by law, and in the event of a sale, by foreclosure or otherwise, of less than all of the Trust Property, this Deed of Trust shall continue as a lien on the remaining portion of the Trust Property; or (2) institute
an action, suit or proceeding in equity for the specific performance of any covenant, condition or agreement contained herein or in any Secured Document; or (3) to the extent permitted by applicable law, recover judgment on the Indenture either
before, during or after any proceedings for the enforcement of this Deed of Trust. 
 (h) Make application to a court of
competent jurisdiction for, and obtain from such court as a matter of strict right and without notice to Grantor or regard to the adequacy of the Trust Property for the repayment of the Secured Obligations, the appointment of a receiver of the Trust
Property, and Grantor irrevocably consents to such appointment. Any such receiver shall have all the usual powers and duties of receivers in similar cases, including the full power to rent, maintain and otherwise operate the Trust Property upon such
terms as may be approved by the court, and shall apply such Rents in accordance with the provisions of Section 5.7 hereof. 
 (i) Exercise all other rights, remedies and recourses granted under the Secured Documents or otherwise available at law or in equity. 

Section 5.2 Separate Sales. To the extent permissible under applicable law, the Trust Property may be
sold in one or more parcels and in such manner and order as Trustee in its sole discretion may elect; the right of sale arising out of any Event of Default shall not be exhausted by any one or more sales. 

Section 5.3 Remedies Cumulative, Concurrent and Nonexclusive. Beneficiary and Trustee shall have all
rights, remedies and recourses granted in the Secured Documents and available at law or equity (including the Code), which rights (a) shall be cumulated and concurrent, (b) may be pursued separately, successively or concurrently against
Grantor or others obligated under the Secured Documents, or against the Trust Property, or against any one or more of them, at the sole discretion of Beneficiary or Trustee, as the case may be, (c) may be exercised as often as occasion therefor
shall arise, and the exercise or failure to exercise any of them shall not be construed as a waiver or release thereof or of any other right, remedy or recourse, and (d) are intended to be, and shall be, nonexclusive. No action by Beneficiary
or Trustee in the enforcement of any rights, remedies or recourses under the Secured Documents or otherwise at law or equity shall be deemed to cure any Event of Default. 

 Section 5.4 Release of and Resort to Collateral.
Beneficiary may release, regardless of consideration and without the necessity for any notice to or consent by the holder of any subordinate lien on the Trust Property, any part of the Trust Property without, as to the remainder, in any way
impairing, affecting, subordinating or releasing the lien or security interest created in or evidenced by the Secured Documents or their status as a second lien and security interest in and to the Trust Property. For payment of or performance of the
Secured Obligations, Beneficiary may resort to any other security in such order and manner as Beneficiary may elect. 
 Section 5.5 Waiver of Redemption, Notice and Marshalling of Assets. To the fullest extent permitted by law, Grantor hereby irrevocably and unconditionally waives and releases
(a) all benefit that might accrue to Grantor by virtue of any present or future statute of limitations or law or judicial decision exempting the Trust Property from attachment, levy or sale on execution or providing for any stay of execution,
exemption from civil process, redemption or extension of time for payment, (b) except as required by the Secured Documents, all notices of any Event of Default or of any election by Trustee or Beneficiary to exercise or the actual exercise of
any right, remedy or recourse provided for under the Secured Documents, and (c) any right to a marshalling of assets or a sale in inverse order of alienation. 

Section 5.6 Discontinuance of Proceedings. If Beneficiary or Trustee shall have proceeded to invoke any
right, remedy or recourse permitted under the Secured Documents and shall thereafter elect to discontinue or abandon it for any reason, Beneficiary or Trustee, as the case may be, shall have the unqualified right to do so and, in such an event,
Grantor, Beneficiary and Trustee shall be restored to their former positions with respect to the Secured Obligations, the Secured Documents, the Trust Property and otherwise, and the rights, remedies, recourses and powers of Beneficiary and Trustee
shall continue as if the right, remedy or recourse had never been invoked, but no such discontinuance or abandonment shall waive any Event of Default which may then exist or the right of Beneficiary or Trustee thereafter to exercise any right,
remedy or recourse under the Secured Documents for such Event of Default. 
 Section 5.7 Application
of Proceeds. The proceeds of any sale made under or by virtue of this Article 5, together with any Rents and other amounts generated by the holding, leasing, management, operation or other use of the Trust Property, shall be applied
by Beneficiary or Trustee (or the receiver, if one is appointed) in the following order unless otherwise required by applicable law: 
 (a) to the payment of the costs and expenses of taking possession of the Trust Property and of holding, using, leasing, repairing, improving and selling the same, including, without limitation
(1) trustee’s and receiver’s fees and expenses, including the repayment of the amounts evidenced by any receiver’s certificates, (2) court costs, (3) attorneys’ and accountants’ fees and expenses, and
(4) costs of advertisement; 

 (b) to the payment and performance of the Secured Obligations in such manner and order of
preference as set forth in the Indenture; and 
 (c) the balance, if any, to the payment of the Persons legally entitled
thereto. 
 Section 5.8 Occupancy After Foreclosure. Except as otherwise required by
applicable law, any sale of the Trust Property or any part thereof in accordance with Section 5.1(f) or Section 5.1(g) hereof will divest all right, title and interest of Grantor in and to the property sold. Subject to
applicable law, any purchaser at a foreclosure sale will receive immediate possession of the property purchased. If Grantor retains possession of such property or any part thereof subsequent to such sale, Grantor will be considered a tenant at
sufferance of the purchaser, and will, if Grantor remains in possession after demand to remove, be subject to eviction and removal, forcible or otherwise, with or without process of law. 

Section 5.9 Additional Advances and Disbursements; Costs of Enforcement. 

(a) If any Event of Default has occurred and is continuing, Beneficiary shall have the right, but not the obligation, to cure such Event
of Default in the name and on behalf of Grantor. All sums advanced and expenses incurred at any time by Beneficiary under this Section 5.9, or otherwise under this Deed of Trust or any of the other Secured Documents or applicable law,
shall bear interest from the date that such sum is advanced or expense incurred, to and including the date of reimbursement, computed at the rate or rates at which interest is then computed on the Secured Obligations at the then applicable rate
pursuant to the Secured Documents, and all such sums, together with interest thereon, shall be secured by this Deed of Trust. 

(b) Grantor shall pay all expenses (including reasonable attorneys’ fees and expenses) of or incidental to the perfection and
enforcement of this Deed of Trust and the other Secured Documents, or the enforcement, compromise or settlement of the Secured Obligations or any claim under this Deed of Trust and the other Secured Documents, and for the curing thereof, or for
defending or asserting the rights and claims of Beneficiary in respect thereof, by litigation or otherwise. 

Section 5.10 No Mortgagee in Possession. Neither the enforcement of any of the remedies under this
Article 5 (other than pursuant to Section 5.1(c) hereof), the assignment of the Rents and Leases under Article 6, the security interests under Article 7, nor any other remedies afforded to Beneficiary under the
Secured Documents, at law or in equity shall cause Beneficiary or Trustee to be deemed or construed to be a mortgagee in possession of the Trust Property, to obligate Beneficiary or Trustee to lease the Trust Property or attempt to do so, or to take
any action, incur any expense, or perform or discharge any obligation, duty or liability whatsoever under any of the Leases or otherwise. 

 Section 5.11 WAIVER OF GRANTOR’S RIGHTS. BY
EXECUTION OF THIS DEED OF TRUST, GRANTOR EXPRESSLY: (A) ACKNOWLEDGES THE RIGHT OF BENEFICIARY TO ACCELERATE THE INDEBTEDNESS EVIDENCED BY THE INDENTURE OR OTHER SECURED DOCUMENTS UPON THE OCCURRENCE OF AN EVENT OF DEFAULT; (B) TO THE
EXTENT ALLOWED BY APPLICABLE LAW, WAIVES ANY AND ALL RIGHTS WHICH GRANTOR MAY HAVE UNDER THE CONSTITUTION OF THE UNITED STATES, THE VARIOUS PROVISIONS OF THE CONSTITUTIONS FOR THE SEVERAL STATES, OR BY REASON OF ANY OTHER APPLICABLE LAW, TO NOTICE
AND TO JUDICIAL HEARING PRIOR TO THE EXERCISE BY BENEFICIARY OF ANY RIGHT OR REMEDY HEREIN PROVIDED TO BENEFICIARY; (C) ACKNOWLEDGES THAT GRANTOR HAS READ THIS DEED OF TRUST AND ITS PROVISIONS HAVE BEEN EXPLAINED FULLY TO GRANTOR AND GRANTOR
HAS CONSULTED WITH LEGAL COUNSEL OF GRANTOR’S CHOICE PRIOR TO EXECUTING THIS DEED OF TRUST; AND (D) ACKNOWLEDGES THAT ALL WAIVERS OF THE AFORESAID RIGHTS OF GRANTOR HAVE BEEN MADE KNOWINGLY, INTENTIONALLY AND WILLINGLY BY GRANTOR AS PART
OF A BARGAINED FOR COMMERCIAL TRANSACTION. 
 ARTICLE 6 

ASSIGNMENT OF RENTS AND LEASES 
 Section 6.1 Assignment. In furtherance of and in addition to the assignment made by Grantor in Section 2.1 of this Deed of Trust, Grantor hereby absolutely and
unconditionally assigns, sells, transfers and conveys to Trustee (for the benefit of Beneficiary) and to Beneficiary all of its right, title and interest in and to all Leases, whether now existing or hereafter entered into, and all of its right,
title and interest in and to all Rents. This assignment is an absolute assignment and not an assignment for additional security only. So long as no Event of Default shall have occurred and be continuing and to the extent not prohibited by the
Indenture, Grantor shall have a revocable license from Trustee and Beneficiary to exercise all rights extended to the landlord under the Leases, including the right to receive and collect all Rents and to hold the Rents in trust for use in the
payment and performance of the Secured Obligations and to otherwise use the same. The foregoing license is granted subject to the conditional limitation that no Event of Default shall have occurred and be continuing. Upon the occurrence and during
the continuance of an Event of Default, whether or not legal proceedings have commenced, and without regard to waste, adequacy of security for the Secured Obligations or solvency of Grantor, the license herein granted shall automatically expire and
terminate, without notice by Trustee or Beneficiary (any such notice being hereby expressly waived by Grantor). 

Section 6.2 Perfection Upon Recordation. Grantor acknowledges that Beneficiary and Trustee have taken
all actions necessary to 

 
obtain, and that upon recordation of this Deed of Trust Beneficiary and Trustee shall have, to the extent permitted under applicable law, a valid and fully perfected, second priority, present
assignment of the Rents arising out of the Leases and all security for such Leases, subject only to the Permitted Collateral Liens. Grantor acknowledges and agrees that upon recordation of this Deed of Trust Trustee’s and Beneficiary’s
interest in the Rents shall be deemed to be fully perfected, “choate” and enforced as to Grantor and all third parties, including, without limitation, any subsequently appointed trustee in any case under the Bankruptcy Code, without the
necessity of commencing a foreclosure action with respect to this Deed of Trust, making formal demand for the Rents, obtaining the appointment of a receiver or taking any other affirmative action. 

Section 6.3 Bankruptcy Provisions. Without limitation of the absolute nature of the assignment of the
Rents hereunder, Grantor, Trustee and Beneficiary agree that (a) this Deed of Trust shall constitute a “security agreement” for purposes of Section 552(b) of the Bankruptcy Code, (b) the security interest created by this
Deed of Trust extends to property of Grantor acquired before the commencement of a case in bankruptcy and to all amounts paid as Rents and (c) such security interest shall extend to all Rents acquired by the estate after the commencement of any
case in bankruptcy. 
 Section 6.4 No Merger of Estates. So long as part of the Secured
Obligations secured hereby remains unpaid and undischarged, the fee and leasehold estates to the Trust Property shall not merge, but shall remain separate and distinct, notwithstanding the union of such estates either in Grantor, Beneficiary, any
tenant or any third party by purchase or otherwise. 
 ARTICLE 7 

SECURITY AGREEMENT 
 Section 7.1 Security Interest. This Deed of Trust constitutes a “security agreement” on personal property within the meaning of the Code and other applicable law and with
respect to the Fixtures, Leases, Rents, Deposit Accounts, Property Agreements, Tax Refunds, Proceeds, Insurance and Condemnation Awards. To this end, Grantor grants to Beneficiary, for the benefit of the Secured Parties, a second priority security
interest in the Fixtures, Leases, Rents, Deposit Accounts, Property Agreements, Tax Refunds, Proceeds, Insurance and Condemnation Awards, in each case to the extent constituting Trust Property, and all other Trust Property which is personal property
(other than any Excluded Assets) to secure the payment and performance of the Secured Obligations, and agrees that Beneficiary shall have all the rights and remedies of a secured party under the Code with respect to such property. Any notice of
sale, disposition or other intended action by Beneficiary with respect to such Fixtures, Leases, Rents, Deposit Accounts, Property Agreements, Tax Refunds, Proceeds, Insurance and Condemnation Awards sent to Grantor at least ten (10) days prior
to any action under the Code shall constitute reasonable notice to Grantor. NOTWITHSTANDING THE FOREGOING, THE TERM “TRUST PROPERTY” SHALL EXCLUDE ALL ITEMS OF PERSONAL PROPERTY 

 
IN WHICH BENEFICIARY HAS OBTAINED AND/OR PERFECTED A SECURITY INTEREST UNDER SEPARATE INSTRUMENTS, INCLUDING, WITHOUT LIMITATION, THE SECURITY AGREEMENT AND THE AIRCRAFT AND ENGINE SECURITY
AGREEMENT. 
 Section 7.2 Financing Statements. Grantor shall execute (as necessary) and
deliver to Beneficiary, in form and substance satisfactory to Beneficiary, such financing statements and such further assurances as Beneficiary may, from time to time, reasonably consider necessary and request from Grantor to create, perfect and
preserve Beneficiary’s security interest hereunder and Beneficiary may cause such statements and assurances to be recorded and filed, at such times and places as may be required or permitted by law to so create, perfect and preserve such
security interest. Grantor’s state of organization is the State of Delaware. 
 Section 7.3
Fixture Filing. This Deed of Trust shall also constitute a “fixture filing” for the purposes of the Code against all of the Trust Property which is or is to become fixtures, and to the extent permitted under applicable law, the
filing hereof in the real estate records of the county in which such Trust Property is located, shall also operate from the time of filing as a fixture filing with respect to such Trust Property, and the following information is applicable for the
purpose of such fixture filing, to wit: 
  

			
	Name and Address of the Debtor:	 	Name and Address of the secured party:
	  
 Grantor having the address described in the Preamble
hereof.
  
 Grantor is a corporation organized under the laws of the State of
Delaware whose Organization Number is DE3330188 and whose Taxpayer Identification Number is 93-1307561
	 	  
 Beneficiary having the address described in the Preamble hereof,
from which address information concerning the security interest may be obtained.

 This Financing Statement covers the following types or items of property: 

The Trust Property. 
 This instrument covers
goods or items of personal property (other than Excluded Assets) which are or are to become fixtures upon the property. 
 The name of the
record owner of the Premises on which such fixtures are or are to be located is Grantor. 
 In addition, Grantor authorizes Beneficiary at any
time and from time to time to file, transmit, or communicate, as applicable, appropriate financing statements, amendments and continuation statements as may be required by law in order to establish, preserve and protect the liens and

 
security interests intended to be granted to Beneficiary pursuant to this Deed of Trust in the Trust Property. Grantor also hereby ratifies any and all financing statements or amendments
previously filed by Agent in any jurisdiction. 
 ARTICLE 8 

CONCERNING THE TRUSTEE 
 Section 8.1 Certain Rights. With the approval of Beneficiary, Trustee shall have the right to select, employ and consult with counsel. Trustee shall have the right to rely on any
instrument, document or signature authorizing or supporting any action taken or proposed to be taken by it hereunder, believed by it in good faith to be genuine. Trustee shall be entitled to reimbursement for actual, reasonable expenses incurred by
it in the performance of its duties and to reasonable compensation for Trustee’s services hereunder as shall be rendered. GRANTOR SHALL, FROM TIME TO TIME, PAY THE COMPENSATION DUE TO TRUSTEE HEREUNDER AND REIMBURSE TRUSTEE FOR, AND
INDEMNIFY, DEFEND AND SAVE TRUSTEE HARMLESS AGAINST, ALL LIABILITY AND REASONABLE EXPENSES WHICH MAY BE INCURRED BY IT IN THE PERFORMANCE OF ITS DUTIES; however, Grantor shall not be liable under such indemnification to the extent such liability
or expenses result solely from Trustee’s or Beneficiary’s gross negligence, willful misconduct or actions taken in bad faith. 
 Section 8.2 Retention of Money. All monies received by Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which they were received, but need
not be segregated in any manner from any other moneys (except to the extent required by law), and Trustee shall be under no liability for interest on any moneys received by him hereunder. 

Section 8.3 Successor Trustees. If Trustee or any successor trustee (any such successor to Trustee
being hereinafter referred to as “Successor Trustee”) shall die, resign or become disqualified from acting in the execution of this trust, or Beneficiary shall desire to appoint a Successor Trustee, Beneficiary shall have
full power to appoint one or more Successor Trustees and, if preferred, several Successor Trustees in succession who, if the appointment is recorded in the mortgage records of the county in which this Deed of Trust is recorded, shall succeed to all
the estates, rights, powers and duties of Trustee. Such appointment may be executed by any authorized agent of Beneficiary and as so executed, such appointment shall be conclusively presumed to be executed with authority, valid and sufficient,
without further proof of any action. 
 Section 8.4 Perfection of Appointment. Should any
deed, conveyance or instrument of any nature be required from Grantor by any Successor Trustee to more fully and certainly vest in and confirm to such Successor Trustee such estates, rights, powers and duties, then, upon request by such Successor
Trustee, all such deeds, conveyances and instruments shall be made, executed, acknowledged and delivered and shall be caused to be recorded and/or filed by Grantor. 

Section 8.5 Trustee Liability. In no event or circumstance shall Trustee or any Successor Trustee
hereunder be personally liable under or as a result of this Deed of Trust, either as a result of any action by Trustee (or any Successor Trustee) in the exercise of the powers hereby granted or otherwise. 

 ARTICLE 9 
 MISCELLANEOUS 
 Section 9.1
Notices. All notices and other communications provided for hereunder shall be given in the form and manner and delivered to Agent at its address specified in the Indenture, and to the Grantor at the address specified in the Indenture and
all notices to any Additional Pari Passu Agent shall be given to it at the address set forth in the related Additional Pari Passu Joinder Agreement, or, as to any party, at such other address as shall be designated by such party in a written notice
to the other party 
 Section 9.2 Covenants Running with the Land. All of the Secured
Obligations contained in this Deed of Trust are intended by Grantor, Beneficiary and Trustee to be, and shall be construed as, covenants running with the Trust Property. As used herein, “Grantor” shall refer to the party named in the first
paragraph of this Deed of Trust and to any subsequent owner of all or any portion of the Trust Property. All Persons who may have or acquire an interest in the Trust Property shall be deemed to have notice of, and be bound by, the terms of the
Indenture and the other Secured Documents; however, no such party shall be entitled to any rights thereunder without the prior written consent of Beneficiary. 
 Section 9.3 Agent May Perform; Agent as Attorney-in-Fact. (a) Grantor hereby irrevocably appoints Agent its attorney-in-fact, with full authority in the place and stead of Grantor
and in the name of Grantor or otherwise, at such time as an Event of Default has occurred and is continuing, to take any action and to execute any instrument which Agent may reasonably deem necessary or advisable to accomplish the purposes of this
Deed of Trust, including: 
 (a) to ask, demand, collect, sue for, recover, compromise, receive and give acquittance and
receipts for moneys due and to become due under or in connection with the Trust Property; 
 (b) to receive and open all mail
addressed to Grantor and to notify postal authorities to change the address for the delivery of mail to Grantor to that of Agent; 
 (c) to file any claims or take any action or institute any proceedings which Agent may deem necessary or desirable for the collection of any of the Trust Property of Grantor or otherwise to enforce the
rights of with respect to any of the Trust Property; 

 To the extent permitted by law, Grantor hereby ratifies all that such attorney-in-fact shall
lawfully do or cause to be done by virtue hereof. This power of attorney is coupled with an interest and shall be irrevocable until this Agreement is terminated. 
 (b) Notes Collateral Agent May Perform. If Grantor fails to perform any agreement contained herein, Agent may itself perform, or cause performance of, such agreement, and the reasonable expenses of
Agent incurred in connection therewith shall be payable by Grantor. 
 Section 9.4 Successors and
Assigns. This Deed of Trust shall be binding upon and inure to the benefit of Beneficiary, the Secured Parties, Trustee and Grantor and their respective successors and assigns. Grantor shall not, without the prior written consent of
Beneficiary, assign any rights, duties or obligations hereunder. 
 Section 9.5 No Waiver. Any
failure by Beneficiary, the Secured Parties or Trustee to insist upon strict performance of any of the terms, provisions or conditions of the Secured Documents shall not be deemed to be a waiver of same, and Beneficiary, the Secured Parties or
Trustee shall have the right at any time to insist upon strict performance of all such terms, provisions and conditions. 
 Section 9.6 Indenture. If any conflict or inconsistency exists between this Deed of Trust and the Indenture, the Indenture shall govern. 

Section 9.7 Release or Reconveyance. (a) This Deed of Trust shall create a continuing lien on and security
interest in the Trust Property and shall (i) remain in full force and effect until the Secured Obligations have been paid in full in accordance with the provisions of the Secured Documents and any commitments thereunder have expired or have
been terminated, (ii) be binding upon the Grantor, and its respective successors and assigns, and (iii) inure to the benefit of, and be enforceable by, Agent, and its successors, transferees and assigns. Without limiting the generality of
the foregoing clause (iii), any Secured Party may, in accordance with the provisions of the Indenture or the applicable Additional Pari Passu Agreement, assign or otherwise transfer all or any portion of its rights and obligations under the
Indenture or the applicable Additional Pari Passu Agreement to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Secured Party herein or otherwise. Subject to clause
(b) below, (i) the Liens securing the Notes and the Obligations thereunder and under the Indenture and each other Security Document will be released, in whole or in part, as provided in Section 10.3 of the Indenture and (b) the
Liens securing Other Pari Passu Lien Obligations of any series will be released, in whole or in part, as provided in the Additional Pari Passu Agreement governing such obligations. Upon such release or any release of Trust Property or any part
thereof in accordance with the provisions of each Secured Document, the Agent shall, upon the written request and at the sole cost and expense of Grantor, assign, transfer and deliver to Grantor, against receipt and without recourse to or warranty
by the Agent, such of the Trust Property or any part thereof to be released (in the case of 

 
a release) as may be in possession of the Agent and as shall not have been sold or otherwise applied pursuant to the terms hereof, and, with respect to any other Trust Property, proper documents
and instruments acknowledging the termination hereof or the release of such Trust Property, as the case may be; provided, however, that Grantor shall have delivered to the Agent, together with such written request for release, a form of release for
execution by the Agent, an Officers’ Certificate of Grantor to the effect that the transaction is in compliance with the Secured Documents (on which the Agent may conclusively rely) and such other supporting documentation as the Agent may
reasonably request. No transfer or renewal, extension, assignment, or termination of this Deed of Trust or of the Indenture, any other Secured Document, or any other instrument or document executed and delivered by Grantor to Agent, nor the retaking
or re-delivery of the Trust Property to Grantor by Agent, nor any other act of the Secured Parties, shall release Grantor from any obligation hereunder, except a termination, release or discharge executed in writing by Agent in accordance with the
provisions of the Secured Documents. Agent shall not by any act, delay, omission or otherwise, be deemed to have waived any of its rights or remedies hereunder, unless such waiver is in writing and signed by Agent and then only to the extent therein
set forth. A waiver by Agent of any right or remedy on any occasion shall not be construed as a bar to the exercise of any such right or remedy which Agent would otherwise have had on any other occasion. 

(b) Grantor agrees that, if any payment made by Grantor or other Person and applied to the Secured Obligations is at any time annulled,
avoided, set, aside, rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be refunded or repaid, or the proceeds of any Trust Property are required to be returned by Agent or any other Secured Party to Grantor,
its estate, trustee, receiver or any other party, including Grantor, under any bankruptcy law, state or federal law, common law or equitable cause, then, to the extent of such payment or repayment, any Lien securing such liability shall be and
remain in full force and effect, as fully as if such payment had never been made. If, prior to any of the foregoing, any Lien securing Grantor’s liability hereunder shall have been released or terminated by virtue of the foregoing clause (a),
such Lien or provision shall be reinstated in full force and effect and such prior release, termination, cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the obligations of Grantor in respect of any Lien
securing such obligation or the amount of such payment. 
 Section 9.7 Waiver of Stay, Moratorium and
Similar Rights. Grantor agrees, to the full extent that it may lawfully do so, that it will not at any time insist upon or plead or in any way take advantage of any stay, marshalling of assets, extension, redemption or moratorium law now or
hereafter in force and effect so as to prevent or hinder the enforcement of the provisions of this Deed of Trust or the Secured Obligations secured hereby, or any agreement between Grantor and Beneficiary or any rights or remedies of Beneficiary or
Trustee. 
 Section 9.8 Applicable Law. This Deed of Trust shall be governed by and construed
under the laws of the state in which the Trust Property is located. 
 Section 9.9 Headings.
The Article, Section and Subsection titles hereof are inserted for convenience of reference only and shall in no way alter, modify or define, or be used in construing, the text of such Articles, Sections or Subsections. 

 Section 9.10 Entire Agreement. THIS DEED OF TRUST,
TOGETHER WITH THE OTHER SECURED DOCUMENTS, REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN AGREEMENTS BETWEEN THE PARTIES.
No waiver of any provision of this Deed of Trust, and no consent to any departure by Grantor herefrom, shall in any event be effective unless the same shall be in writing and signed by Agent, subject to any consent required in accordance with
Article IX of the Indenture and corresponding provisions of each Additional Pari Passu Agreement, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. No amendment of any
provision of this Deed of Trust shall be effective unless the same shall be in writing and signed by Agent and Grantor. 
 Section 9.11 Beneficiary as Agent; Successor Agents. 
 (a)
Agent has been appointed to act as Agent hereunder by the Indenture Trustee and the Holders of the Notes. Agent shall have the right hereunder to make demands, to give notices, to exercise or refrain from exercising any rights, and to take or
refrain from taking any action (including, without limitation, the release or substitution of the Trust Property) in accordance with the terms of the Indenture, any related agency agreement among Agent and the Secured Parties (collectively, as
amended, supplemented or otherwise modified or replaced from time to time, the “Agency Documents”) and this Deed of Trust. Grantor and all other persons shall be entitled to rely on releases, waivers, consents, approvals,
notifications and other acts of Agent, without inquiry into the existence of required consents or approvals of the Secured Parties therefor. 
 (b) Beneficiary shall at all times be the same Person that is Agent under the Agency Documents. Written notice of resignation by Agent pursuant to the Agency Documents shall also constitute notice of
resignation as Agent under this Deed of Trust. Removal of Agent pursuant to any provision of the Agency Documents shall also constitute removal as Agent under this Deed of Trust. Appointment of a successor Agent pursuant to the Agency Documents
shall also constitute appointment of a successor Agent under this Deed of Trust. Upon the acceptance of any appointment as Agent by a successor Agent under the Agency Documents, that successor Agent shall thereupon succeed to and become vested with
all the rights, powers, privileges and duties of the retiring or removed Agent as the Beneficiary under this Deed of Trust, and the retiring or removed Agent shall promptly (i) assign and transfer to such successor Agent all of its right, title
and interest in and to this Deed of Trust and the Trust Property, and (ii) execute and deliver to such successor Agent such assignments and amendments and take such other actions, as may be necessary or appropriate in connection with the
assignment to such successor Agent of the liens and security interests created hereunder, whereupon such retiring or removed Agent shall be discharged from its duties and obligations under this Deed of Trust. After any retiring or removed
Agent’s resignation or removal hereunder as Agent, the provisions of this Deed of Trust and the Agency Documents shall inure to its benefit as to any actions taken or omitted to be taken by it under this Deed of Trust while it was the Agent
hereunder. 

 (c) Each reference herein to any right granted to, benefit conferred upon or power
exercisable, exercised or action taken by the “Beneficiary” shall be deemed to be a reference to or be deemed to have been so taken, as the case may be, by Beneficiary in its capacity as Agent pursuant to the Indenture for the benefit of
the Secured Parties, all as more fully set forth in the Indenture. 
 Section 9.12 Modifications to
Indenture. This Deed of Trust will continue to secure the Secured Obligations under the Indenture, as the Indenture may in the future be amended, amended and restated, modified, assigned or otherwise supplemented and in effect from time to
time. In the event the Indenture is amended, modified or otherwise supplemented, there shall be no need to amend, modify or otherwise supplement this Deed of Trust, unless required by the laws of any State or Commonwealth in which portions of the
Trust Property are situated. 
 Section 9.13 Agent. Agent is entering into this Deed of Trust not in its
individual capacity, but solely in its capacity as collateral agent under the Indenture, and shall not be personally liable hereunder in its individual capacity except for its own gross negligence or willful misconduct. In the performance of its
duties and obligations hereunder, Agent shall be entitled to all of the rights, privileges and immunities afforded in the Indenture and the Security Agreement. 
 ARTICLE 10 
 LOCAL LAW PROVISIONS 

Section 10.1 FORCED PLACE INSURANCE NOTICE. WARNING: UNLESS GRANTOR PROVIDES BENEFICIARY WITH
EVIDENCE OF THE INSURANCE COVERAGE AS REQUIRED BY THE INDENTURE, THIS DEED OF TRUST OR ANY OTHER SECURED DOCUMENT, BENEFICIARY MAY PURCHASE INSURANCE AT GRANTOR’S EXPENSE TO PROTECT BENEFICIARY’S INTEREST. THIS INSURANCE MAY, BUT NEED NOT,
ALSO PROTECT GRANTOR’S INTEREST. IF THE TRUST PROPERTY BECOMES DAMAGED, THE COVERAGE BENEFICIARY PURCHASES MAY NOT PAY ANY CLAIM GRANTOR MAKES OR ANY CLAIM MADE AGAINST GRANTOR. GRANTOR MAY LATER CANCEL THIS COVERAGE BY PROVIDING EVIDENCE THAT
GRANTOR HAS OBTAINED PROPERTY COVERAGE ELSEWHERE. 
 GRANTOR IS RESPONSIBLE FOR THE COST OF ANY INSURANCE PURCHASED BY
BENEFICIARY. THE COST OF THIS INSURANCE MAY BE ADDED TO THE SECURED OBLIGATIONS. IF THIS COST IS ADDED TO THE SECURED OBLIGATIONS, THE INTEREST RATE PAYABLE UNDER THE THEN APPLICABLE RATE PURSUANT TO THE SECURED DOCUMENTS WILL APPLY TO THE ADDED
AMOUNT. THE EFFECTIVE DATE OF THE COVERAGE MAY BE THE DATE GRANTOR’S PRIOR COVERAGE LAPSED OR THE DATE GRANTOR FAILED TO PROVIDE PROOF OF COVERAGE. 

 THE COVERAGE PURCHASED BY BENEFICIARY MAY BE CONSIDERABLY MORE EXPENSIVE THAN INSURANCE
GRANTOR CAN OBTAIN ON ITS OWN AND MAY NOT SATISFY ANY NEED FOR PROPERTY DAMAGE COVERAGE OR MANDATORY LIABILITY INSURANCE REQUIREMENTS IMPOSED BY APPLICABLE LAW. 

Section 10.2 Statute of Frauds (ORS 41.580). UNDER OREGON LAW, MOST AGREEMENTS, PROMISES AND
COMMITMENTS MADE BY BENEFICIARY CONCERNING LOANS AND OTHER CREDIT EXTENSIONS WHICH ARE NOT FOR PERSONAL, FAMILY OR HOUSEHOLD PURPOSES OR SECURED SOLELY BY THE GRANTOR’S RESIDENCE MUST BE IN WRITING, EXPRESS CONSIDERATION AND BE SIGNED BY
BENEFICIARY TO BE ENFORCEABLE. 
 Section 10.3 Land Use Warnings. BEFORE SIGNING OR
ACCEPTING THIS INSTRUMENT, THE PERSON TRANSFERRING FEE TITLE SHOULD INQUIRE ABOUT THE PERSON’S RIGHTS, IF ANY, UNDER ORS 195.300, 195.301 AND 195.305 TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007, SECTIONS 2 TO 9 AND 17,
CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER 8, OREGON LAWS 2010. THIS INSTRUMENT DOES NOT ALLOW USE OF THE PROPERTY DESCRIBED IN THIS INSTRUMENT IN VIOLATION OF APPLICABLE LAND USE LAWS AND REGULATIONS. BEFORE SIGNING OR ACCEPTING
THIS INSTRUMENT, THE PERSON ACQUIRING FEE TITLE TO THE PROPERTY SHOULD CHECK WITH THE APPROPRIATE CITY OR COUNTY PLANNING DEPARTMENT TO VERIFY THAT THE UNIT OF LAND BEING TRANSFERRED IS A LAWFULLY ESTABLISHED LOT OR PARCEL, AS DEFINED IN ORS 92.010
OR 215.010, TO VERIFY THE APPROVED USES OF THE LOT OR PARCEL, TO DETERMINE ANY LIMITS ON LAWSUITS AGAINST FARMING OR FOREST PRACTICES, AS DEFINED IN ORS 30.930, AND TO INQUIRE ABOUT THE RIGHTS OF NEIGHBORING PROPERTY OWNERS, IF ANY, ORS 195.300,
195.301 AND 195.305 TO 195.336 AND SECTIONS 5 TO 11, CHAPTER 424, OREGON LAWS 2007, SECTIONS 2 TO 9 AND 17, CHAPTER 855, OREGON LAWS 2009, AND SECTIONS 2 TO 7, CHAPTER 8, OREGON LAWS 2010. 

Section 10.4 Commercial Property. Grantor warrants that this Deed of Trust is not and will at all times
continue not to be a residential trust deed as that term is defined in ORS 86.705(5), or any successor to such provision. This Deed of Trust secures an obligation incurred exclusively for commercial, business or investment purposes. 

 Section 10.5 Attorneys’ Fees. Grantor hereby agrees
that in the event of any litigation related to this Deed of Trust or any other agreement between Grantor and Beneficiary, Grantor shall pay any of Beneficiary’s reasonable attorneys’ fees incurred at trial, on petition for review, in
arbitration and in mediation proceedings and in connection with the negotiation, compromise or settlement of the Secured Obligations and any proceedings for relief in bankruptcy. Grantor shall additionally be responsible, without limitation, for the
cost of searching records, obtaining title reports, surveyor’s reports, engineering and environmental reports, attorneys’ opinion, title insurance policies, appraisals, expert witness fees and fees for the Trustee. 

Section 10.6 Intercreditor Agreement. Anything herein to the contrary notwithstanding, the liens and security
interests granted to Wilmington Trust, National Association, as Agent, pursuant to the Indenture and this Deed of Trust, the exercise of any right or remedy by Wilmington Trust, National Association as Agent hereunder and certain of the rights of
the Holders of the Notes, are subject to the provisions of the Intercreditor Agreement dated as of May 2, 2013 (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), by and
between Wells Fargo Bank, National Association, as First Lien Agent, and Wilmington Trust, National Association, as Second Lien Agent. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Deed of Trust,
the terms of the Intercreditor Agreement shall govern and control. 

 ARTICLE 11 
 SURETYSHIP WAIVERS AND ACKNOWLEDGEMENTS 

Section 11.1 Grantor acknowledges that the security interests granted pursuant to this Deed of Trust are being
given to secure the Secured Obligations, and that, as a result, Grantor may have rights as a surety or a guarantor under New York and/or Oregon law. Grantor is willing to waive such rights. Grantor acknowledges that is has executed and delivered
this Deed of Trust with the intent of subjecting its interests in the Trust Property to the lien of this Deed of Trust as security for the Secured Obligations in order to induce Beneficiary and the Secured Parties to enter into the Indenture and the
other Secured Documents and to induce the Secured Parties to make financial accommodations to the Note Parties as provided for in the Indenture and the other Secured Documents, and Grantor hereby agrees, to the fullest extent permitted by law, not
to assert or take advantage of: 
 (a) any right to require Beneficiary to proceed against the Note Parties or any other Person,
or to proceed against or exhaust any other security held by Beneficiary (and not secured by this Deed of Trust) at any time, or to pursue any other remedy in Beneficiary’s power before exercising any right or remedy under this Deed of Trust;

 (b) any defense (other than payment in full of the Secured Obligations) that may arise by reason of: 

(i) the release, suspension, discharge or impairment of any of Beneficiary’s rights against the Note Parties or any other Person
against whom Beneficiary might assert a claim, whether such release, suspension, discharge or impairment is explicit, tacit or inadvertent; or 
 (ii) beneficiary’s failure to pursue any other remedies available to Beneficiary that would reduce the burden of the Secured Obligations secured hereby on Grantor’s interests in the Trust
Property; or 
 (iii) any extension of the time for the payment or performance of any Note Parties obligations under the
Indenture or any of the other Secured Documents; or 
 (iv) the incapacity or lack of authority of the Note Parties or any
other Person or Persons; or 
 (v) the failure of Beneficiary to file or enforce a claim against the estate (in either
administration, bankruptcy or any other proceedings) of the Note Parties or any other Person or Persons; 
 (c) demand, protest
and notice of any kind, including, without limitation, the following notices: 
 (i) Notice of the evidence, creation or
incurring of any new or additional indebtedness or obligation; or 

 (ii) Notice of any action or non-action on the part of any Note Parties or Beneficiary in
connection with any obligation or evidence of the Secured Obligations; or 
 (iii) Notice of payment or non-payment by the Note
Parties of the Secured Obligations; 
 (d) any right to assert against Beneficiary any defense arising by reason of any claim or
defense based upon an election of remedies by Beneficiary to foreclose, either by judicial foreclosure or by exercise of the power of sale, this Deed of Trust, which in any manner impairs, reduces, releases, destroys or extinguishes Grantor’s
subrogation rights, rights to proceed against the Note Parties for reimbursement, or any other rights of Grantor to proceed against any other person or security. Grantor waives all rights and defenses to enforcement of all or any part of the Secured
Obligations which defenses are based on an election of remedies by Beneficiary, even though the election of remedies, such as non-judicial foreclosure with respect to this Deed of Trust, may destroy Grantor’s rights of subrogation and
reimbursement against the Note Parties or any other Person by operation of any applicable law. Grantor makes this waiver with full knowledge that if Beneficiary (i) waives a deficiency judgment in a judicial foreclosure, or (ii) exercises
the power of sale under this Deed of Trust, any action by Grantor against any Note Party to obtain reimbursement of any amount paid by Grantor hereunder may be barred by reason of (x) Beneficiary’s waiver of such deficiency in a judicial
foreclosure or (y) Beneficiary’s exercise of such power of sale under the provisions of applicable law which provides that no judgment shall be rendered for any deficiency upon a note secured by a Deed of Trust upon real property in any
case in which the real property has been sold by the trustee under the power of sale contained in the Deed of Trust. Grantor understands that absent the waiver set forth herein, Grantor may have a defense to its obligations hereunder with respect to
a deficiency following a non-judicial foreclosure or a judicial foreclosure in which the Beneficiary waived its right to a deficiency judgment against the Issuer and that by granting this waiver, Grantor is waiving this defense which Grantor would
have against Beneficiary. Grantor further waives any and all rights and defenses that Grantor may have because the Note Parties debt is secured by real property; this means, among other things, that: (1) Beneficiary may collect from Grantor
without first foreclosing on any real or personal property collateral pledged by the Note Parties; (2) if Beneficiary forecloses on any real property collateral pledged by the Note Parties, then (A) the amount of the debt may be reduced
only by the price for which that collateral is sold at the foreclosure sale, even if the collateral is worth more than the sale price, and (B) Beneficiary may collect from Grantor even if Beneficiary, by foreclosing on the real property
collateral, has destroyed any right Grantor may have to collect from the Note Parties. The foregoing sentence is an unconditional and irrevocable waiver of any rights and defenses Grantor may have because the Secured Obligations are secured by real
property; 
 (e) any rights arising because of the Note Parties payment or satisfaction of the Secured Obligations secured
hereby (i) against any other obligor, by way of subrogation to the rights of Beneficiary or otherwise, or (ii) against any other guarantor or any other Person obligated to pay any of the Secured Obligations secured hereby, by way of
contribution or reimbursement or otherwise; 

  
 2 

 (f) any duty on the part of Beneficiary to disclose to Grantor any default by the Notes
Parties under the Indenture and/or the other Secured Documents; 
 (g) any duty on the part of Beneficiary to disclose to
Grantor facts Beneficiary may now know or may hereafter know about the Note Parties or any successors in interest (if any) regardless of whether Beneficiary (i) has reason to believe that any such facts materially increase the risk beyond the
risk which Grantor intends to assume by executing this Deed of Trust, (ii) has reason to believe that these facts are unknown to Grantor, or (iii) has a reasonable opportunity to communicate such facts to Grantor, it being understood and
agreed that Grantor is fully responsible for being and keeping informed of the financial condition of the Note Parties and of all circumstances bearing on the risk of non-payment of any indebtedness that is secured hereby; 

(h) any right to object to the release of any portions of the Trust Property from the lien of this Deed of Trust notwithstanding the fact
that such releases may be made without Beneficiary having received any or adequate consideration therefor; or 
 (i) Grantor
further agrees that with respect to any obligation secured hereby Beneficiary may, in such manner and upon such terms and at such times as Beneficiary deems best and without demand or notice to or consent of Grantor (i) release any Person now
or hereafter liable for the performance of any such obligation, (ii) extend the time for the performance of any such obligation, (iii) accept additional security therefor, and (iv) alter, substitute or release any property securing
such performance. 

  
 3 

 IN WITNESS WHEREOF, Grantor has on the date set forth in the acknowledgement hereto,
effective as of the date first above written, caused this instrument to be duly EXECUTED AND DELIVERED by authority duly given. 
  

							
	 GRANTOR:
	 		 	ERICKSON AIR-CRANE INCORPORATED
				
		 		 	By:	 	 /s/ Edward T. Rizzuti

		 		 	Name:	 	Edward T. Rizzuti
		 		 	Its:	 	Vice President, General Counsel and Corporate Secretary

  

					
	STATE OF OREGON	 	)	 	
		 	)	 	ss.
	COUNTY OF MULTNOMAH	 	)	 	

 This instrument was acknowledged before me on May 24, 2013, by Edward T. Rizzuti, as Vice President, General Counsel and
Corporate Secretary of ERICKSON AIR-CRANE INCORPORATED, a Delaware corporation, on behalf of the corporation. 
  

	
	WITNESS my hand and official seal.
	
	 /s/ Tamara Lee Jackson

	Notary Public for the State of Oregon
	My Commission Expires: 4/18/14

 [SIGNATURE PAGE TO LINE OF CREDIT DEED OF TRUST, ASSIGNMENT OF RENTS AND LEASES, SECURITY AGREEMENT AND
FIXTURE FILING] 

 Exhibit A 
 Legal Description of the Land 
 Real property in the City of Central Point, County of
Jackson, State of Oregon, described as follows: 
 PARCEL 1: 
 COMMENCING AT A BRASS CAPPED MONUMENT MARKING THE SOUTHWEST CORNER OF SECTION 28, TOWNSHIP 36 SOUTH, RANGE 2 WEST OF THE WILLAMETTE MERIDIAN IN JACKSON COUNTY, OREGON; THENCE NORTH 89° 55’
46” EAST (RECORD EAST) ALONG THE SOUTH LINE OF SAID SECTION, 1892.41 FEET; THENCE NORTH 0° 04’ 14” WEST (RECORD NORTH, 20.00 FEET) TO A 5/8 INCH IRON PIN ON THE NORTH RIGHT OF WAY LINE OF WILLOW SPRINGS ROAD AND THE EASTERLY RIGHT
OF WAY OF CENTRAL OREGON PACIFIC RAILROAD, (FORMERLY SOUTHERN PACIFIC RAILROAD); THENCE NORTH 35° 07’ 56” WEST (RECORD NORTH 35° 03’ 38” WEST) 10.16 FEET TO A POINT WHICH BEARS NORTH 89° 52’ 00” WEST, 0.15
FEET OF A CYCLONE FENCE CORNER AND LINE DESCRIBED IN DOCUMENT NO. 94-35218, OFFICIAL RECORDS OF JACKSON COUNTY, OREGON AND THE POINT OF BEGINNING; THENCE SOUTH 89” 52’ 00” EAST, ALONG SAID LINE BEING THE NORTH RIGHT OF WAY LINE OF
SAID ROAD, 0.15 FEET TO SAID FENCE CORNER; THENCE CONTINUING SOUTH 89° 52’ 00” EAST, ALONG SAID LINE 481.36 FEET; THENCE NORTH 89° 23’ 47” EAST, ALONG SAID LINE, 85.83 FEET; THENCE SOUTH 88° 49’ 25” EAST,
ALONG SAID LINE AND ITS EXTENSION, 36.20 FEET TO A POINT ON THE EAST LINE OF THE PARCEL DESCRIBED IN DOCUMENT NO. 93-00709 OF SAID OFFICIAL RECORDS, SAID POINT BEARS NORTH 0° 13’ 22” WEST (RECORD NORTH 0° 09’ 04” WEST)
6.60 FEET OF A TACK AND BRASS WASHER SET ON TOP OF AN 8 INCH X 8 INCH WOOD FENCE POST; THENCE NORTH 0° 13’ 22” WEST (RECORD NORTH 0° 09’ 04’ WEST) ALONG SAID EAST LINE OF SAID PARCEL, 417.45 FEET TO A POINT WHICH BEARS
SOUTH 16° 10’ 38” WEST (RECORD NORTH 16° 02’ 05” EAST) 0.26 FEET OF THE CENTER OF A 12 INCH DIAMETER BROKEN OFF UTILITY POLE; THENCE NORTH 81° 23’ 36” WEST (RECORD NORTH 81° 19’ 18” WEST) ALONG
THE NORTH LINE OF SAID PARCEL, 1013.05 FEET TO A 5/8 INCH IRON PIN ON SAID EASTERLY RIGHT OF WAY OF THE CENTRAL OREGON PACIFIC RAILROAD, BEING 100.00 FEET EASTERLY, MEASURED AT RIGHT ANGLES OF THE CENTERLINE OF THE MAIN LINE TRACT; THENCE SOUTH
35° 07’ 56” EAST (RECORD SOUTH 35° 03’ 38” EAST) ALONG SAID EASTERLY RIGHT OF WAY PARALLEL WITH SAID CENTERLINE ALSO BEING THE WESTERLY LINE OF SAID PARCEL, 694.63 FEET TO THE POINT OF BEGINNING. 

PARCEL 2: 
 PARCEL 1 OF
PARTITION PLAT NO. P-120-1990 OF THE RECORDS OF PARTITION PLATS OF JACKSON COUNTY, OREGON, INDEX VOLUME 1, PAGE 120, JACKSON COUNTY SURVEYOR’S FILE NO. 12259. 
 LESS AND EXCEPTING THE FOLLOWING DESCRIBED TRACT: COMMENCING AT A 5/8” IRON PIN ON THE EASTERLY LINE OF PARCEL 1 OF PARTITION PLAT NO. P-120-1990 OF THE RECORDS Of PARTITION PLATS OF JACKSON COUNTY,
OREGON, INDEX VOLUME 1, PAGE 120, JACKSON COUNTY SURVEYOR’S FILE NO. 12259, LOCATED IN THE NORTHWEST AND THE NORTHEAST QUARTERS OF SECTION 23 AND THE SOUTHEAST QUARTER OF SECTION 14, TOWNSHIP 36 SOUTH, RANGE 2 WEST OF THE WILLAMETTE MERIDIAN,
SAID 

 
COUNTY AND STATE; THENCE SOUTH 23° 46’ 14” EAST, ALONG SAID EASTERLY LINE, 756.69 FEET, TO THE NORTHERLY LINE OF THAT RAILROAD RIGHT OF WAY DESCRIBED IN VOLUME 353, PAGE 94 Of THE
DEED RECORDS OF SAID COUNTY AND STATE; THENCE SOUTH 79° 44’ 52” WEST, ALONG SAID RIGHT Of WAY, 312.28 FEET, TO A 5/8” IRON PIN MONUMENT, BEING THE POINT OF BEGINNING; THENCE SOUTH 78° 22’ 16” WEST, LEAVING SAID RIGHT
OF WAY LINE, 12.67 FEET, TO A 5/8” IRON PIN ON THE SOUTHERLY LINE OF SAID PARCEL 1; THENCE NORTH 9° 58’ 40” WEST, ALONG SAID SOUTHERLY LINE AND AN EXTENSION THEREOF, 10.30 FEET, TO SAID NORTHERLY RIGHT OF WAY LINE; THENCE NORTH
79° 44’ 52” EAST, ALONG SAID RIGHT OF WAY LINE, 12.62 FEET, TO A 5/8” IRON PIN; THENCE SOUTH 10° 15’ 08” EAST, ALONG SAID RIGHT OF WAY LINE, 10.00 FEET, TO THE POINT OF BEGINNING. 

TOGETHER WITH THE FOLLOWING DESCRIBED TRACT: BEGINNING AT A 5/8” IRON PIN, MONUMENTING THE NORTHWEST CORNER OF PARCEL 1 OF PARTITION PLAT NO.
P-120-1990 OF THE RECORDS OF PARTITION PLATS OF JACKSON COUNTY, OREGON, INDEX VOLUME 1, PAGE 120, JACKSON COUNTY SURVEYOR’S FILE NO. 12259, LOCATED IN THE NORTHWEST QUARTER AND THE NORTHEAST QUARTER OF SECTION 23 AND THE SOUTHEAST QUARTER OF
SECTION 14, TOWNSHIP 36 SOUTH, RANGE 2 WEST OF THE WILLAMETTE MERIDIAN, JACKSON COUNTY, OREGON; THENCE WESTERLY ALONG THE NORTH LINE OF PARCEL 2 OF SAID PARTITION PLAT, ALONG THE ARC OF A CURVE TO THE RIGHT HAVING A RADIUS OF 5770.00 FEET, A CENTRAL
ANGLE OF 0° 51’ 13”, A LENGTH OF 85.97 FEET AND A LONG CHORD BEARING AND DISTANCE OF (SOUTH 77° 52’ 47” WEST, 85.97 FEET); THENCE SOUTH 78° 18’ 24” WEST, ALONG SAID NORTH LINE, 661.02 FEET, TO A 5/8”
IRON PIN MONUMENT; THENCE SOUTH 11° 41’ 36” EAST, LEAVING SAID NORTH LINE, 1157.66 FEET, TO A 5/8” IRON PIN MONUMENT ON THE NORTH LINE OF THAT RAILROAD RIGHT OF WAY DESCRIBED IN VOLUME 353, PAGE 94 OF THE RECORDS OF JACKSON
COUNTY, OREGON; THENCE NORTH 79° 44’ 52” EAST, ALONG SAID NORTH RIGHT OF WAY LINE, 747.30 FEET, TO THE WEST LINE OF SAID PARCEL 1; THENCE NORTH 11° 41’ 49” WEST, ALONG THE WEST LINE OF SAID PARCEL 1, 1177.10 FEET, TO THE
POINT OF BEGINNING. 
 EXCEPTING THEREFROM THAT PORTION CONVEYED TO JACKSON COUNTY, BY DOCUMENT NO. 99-14701, OFFICIAL RECORDS OF JACKSON
COUNTY, OREGON. 
 NOTE: This legal description was created prior to January 1, 2008. 

Tax Parcel Number: 1-018858-2, 3-014105-1 and 1-079606-6EX-4.10

 Exhibit 4.10 
 Execution Copy 
  

 
  

CASEY’S GENERAL STORES, INC. 
 $150,000,000 
 3.67% Senior Notes, Series A 

due June 15, 2028 
 $50,000,000 
 3.75% Senior Notes, Series B 

due December 18, 2028 
  

 
 NOTE PURCHASE
AGREEMENT 
  
  

Dated as of June 17, 2013 
  

 
  

Series A PPN: 147528 E#6 
 Series B PPN: 147528 F*9 

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
			
	 1.
	 	AUTHORIZATION OF NOTES	  	 	1	  
			
	 2.
	 	SALE AND PURCHASE OF NOTES	  	 	1	  
			
	 3.
	 	CLOSINGS	  	 	2	  
			
	 4.
	 	CONDITIONS TO CLOSING	  	 	2	  
				
		 	4.1.	  	Representations and Warranties	  	 	2	  
		 	4.2.	  	Performance; No Default	  	 	2	  
		 	4.3.	  	Compliance Certificates	  	 	2	  
		 	4.4.	  	Opinions of Counsel	  	 	3	  
		 	4.5.	  	Purchase Permitted By Applicable Law, Etc.	  	 	3	  
		 	4.6.	  	Sale of Other Notes	  	 	3	  
		 	4.7.	  	Payment of Fees	  	 	3	  
		 	4.8.	  	Private Placement Number	  	 	3	  
		 	4.9.	  	Changes in Corporate Structure	  	 	4	  
		 	4.10.	  	Solvency Certificate	  	 	4	  
		 	4.11.	  	Funding Instructions	  	 	4	  
		 	4.12.	  	Proceedings and Documents	  	 	4	  
			
	 5.
	 	REPRESENTATIONS AND WARRANTIES OF THE COMPANY	  	 	4	  
				
		 	5.1.	  	Organization; Power and Authority	  	 	4	  
		 	5.2.	  	Authorization, Etc.	  	 	5	  
		 	5.3.	  	Disclosure	  	 	5	  
		 	5.4.	  	Organization and Ownership of Shares of Subsidiaries; Affiliates	  	 	5	  
		 	5.5.	  	Financial Statements; Material Liabilities	  	 	6	  
		 	5.6.	  	Compliance with Laws, Other Instruments, Etc.	  	 	6	  
		 	5.7.	  	Governmental Authorizations, Etc.	  	 	6	  
		 	5.8.	  	Litigation; Observance of Agreements, Statutes and Orders	  	 	6	  
		 	5.9.	  	Taxes	  	 	7	  
		 	5.10.	  	Title to Property; Leases	  	 	7	  
		 	5.11.	  	Licenses, Permits, Etc.	  	 	7	  
		 	5.12.	  	Compliance with ERISA	  	 	7	  
		 	5.13.	  	Private Offering by the Company	  	 	8	  
		 	5.14.	  	Use of Proceeds; Margin Regulations	  	 	9	  
		 	5.15.	  	Existing Indebtedness	  	 	9	  
		 	5.16.	  	Foreign Assets Control Regulations, Etc.	  	 	9	  
		 	5.17.	  	Status under Certain Statutes	  	 	11	  
		 	5.18.	  	Environmental Matters	  	 	11	  
		 	5.19.	  	Solvency	  	 	12	  
			
	 6.
	 	REPRESENTATIONS OF THE PURCHASER	  	 	12	  

  
 -i-

									
		 	6.1.	  	Purchase for Investment	  	 	12	  
		 	6.2.	  	Source of Funds	  	 	12	  
			
	 7.
	 	INFORMATION AS TO COMPANY	  	 	14	  
				
		 	7.1.	  	Financial and Business Information	  	 	14	  
		 	7.2.	  	Officer’s Certificate	  	 	16	  
		 	7.3.	  	Visitation	  	 	17	  
			
	 8.
	 	PREPAYMENT OF THE NOTES	  	 	17	  
				
		 	8.1.	  	Required Prepayments; Maturity	  	 	17	  
		 	8.2.	  	Optional Prepayments with Make-Whole Amount	  	 	18	  
		 	8.3.	  	Allocation of Partial Prepayments	  	 	18	  
		 	8.4.	  	Maturity; Surrender, Etc.	  	 	19	  
		 	8.5.	  	Purchase of Notes	  	 	19	  
		 	8.6.	  	Make-Whole Amount	  	 	19	  
		 	8.7.	  	Change of Control	  	 	21	  
		 	8.8.	  	Offer to Prepay Notes upon Certain Sales of Assets	  	 	23	  
			
	 9.
	 	AFFIRMATIVE COVENANTS	  	 	24	  
				
		 	9.1.	  	Compliance with Law	  	 	24	  
		 	9.2.	  	Insurance	  	 	24	  
		 	9.3.	  	Maintenance of Properties	  	 	24	  
		 	9.4.	  	Payment of Taxes and Claims	  	 	25	  
		 	9.5.	  	Corporate Existence, Etc.	  	 	25	  
		 	9.6.	  	Books and Records	  	 	25	  
		 	9.7.	  	Subsequent Guarantors	  	 	25	  
		 	9.8.	  	Covenant to Secure Notes Equally	  	 	26	  
			
	 10.
	 	NEGATIVE COVENANTS	  	 	26	  
				
		 	10.1.	  	Financial Covenants	  	 	26	  
		 	10.2.	  	Priority Debt	  	 	27	  
		 	10.3.	  	Indebtedness of Subsidiaries	  	 	27	  
		 	10.4.	  	Limitations on Liens	  	 	27	  
		 	10.5.	  	Merger, Consolidation, Etc.	  	 	29	  
		 	10.6.	  	Sale of Assets	  	 	30	  
		 	10.7.	  	Terrorism Sanctions Regulations	  	 	31	  
		 	10.8.	  	Nature of Business	  	 	31	  
		 	10.9.	  	Transactions with Affiliates	  	 	31	  
			
	 11.
	 	EVENTS OF DEFAULT	  	 	31	  
			
	 12.
	 	REMEDIES ON DEFAULT, ETC.	  	 	34	  
				
		 	12.1.	  	Acceleration	  	 	34	  
		 	12.2.	  	Other Remedies	  	 	34	  
		 	12.3.	  	Rescission	  	 	35	  

  
 -ii-

									
		 	12.4.	 	No Waivers or Election of Remedies, Expenses, Etc.	  	 	35	  
			
	 13.
	 	REGISTRATION; EXCHANGE; SUBSTITUTION OF NOTES	  	 	35	  
				
		 	13.1.	 	Registration of Notes	  	 	35	  
		 	13.2.	 	Transfer and Exchange of Notes	  	 	36	  
		 	13.3.	 	Replacement of Notes	  	 	36	  
			
	 14.
	 	PAYMENTS ON NOTES	  	 	36	  
				
		 	14.1.	 	Place of Payment	  	 	36	  
		 	14.2.	 	Home Office Payment	  	 	37	  
			
	 15.
	 	EXPENSES, ETC.	  	 	37	  
				
		 	15.1.	 	Transaction Expenses	  	 	37	  
		 	15.2.	 	Survival	  	 	38	  
			
	 16.
	 	SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT	  	 	38	  
			
	 17.
	 	AMENDMENT AND WAIVER	  	 	38	  
				
		 	17.1.	 	Requirements	  	 	38	  
		 	17.2.	 	Solicitation of Holders of Notes	  	 	38	  
		 	17.3.	 	Binding Effect, Etc.	  	 	39	  
		 	17.4.	 	Notes held by Company, Etc.	  	 	39	  
			
	 18.
	 	NOTICES	  	 	40	  
			
	 19.
	 	REPRODUCTION OF DOCUMENTS	  	 	40	  
			
	 20.
	 	CONFIDENTIAL INFORMATION	  	 	40	  
			
	 21.
	 	SUBSTITUTION OF PURCHASER	  	 	41	  
			
	 22.
	 	MISCELLANEOUS	  	 	42	  
				
		 	22.1.	 	Successors and Assigns	  	 	42	  
		 	22.2.	 	Payments Due on Non-Business Days	  	 	42	  
		 	22.3.	 	Accounting Terms	  	 	42	  
		 	22.4.	 	Severability	  	 	42	  
		 	22.5.	 	Construction, Etc.	  	 	43	  
		 	22.6.	 	Counterparts	  	 	43	  
		 	22.7.	 	Governing Law	  	 	43	  
		 	22.8.	 	Jurisdiction	  	 	43	  

  
 -iii-

 CASEY’S GENERAL STORES, INC. 

One Convenience Boulevard 
 Ankeny, Iowa 50021 
 (515) 965-6100 

Fax: (515) 965-6160 
 $150,000,000 3.67% Senior Notes, Series A, due June 15, 2028 
 $50,000,000
3.75% Senior Notes due December 18, 2028 
 Dated as of June 17, 2013 

TO EACH OF THE PURCHASERS LISTED IN THE ATTACHED SCHEDULE A: 
 Ladies and Gentlemen: 
 CASEY’S GENERAL STORES, INC., an Iowa corporation (the
“Company”), agrees with each of the purchasers whose names appear at the end hereof (each, a “Purchaser” and, collectively, the “Purchasers”) as follows: 

1. AUTHORIZATION OF NOTES. 
 The Company has authorized the issue and sale of (i) $150,000,000 aggregate principal amount of its 3.67% Senior Notes, Series A, due June 15, 2028 (as amended, supplemented, restated or
otherwise modified from time to time, including any such notes issued in substitution therefor pursuant to Section 13 of this Agreement, the “Series A Notes”) and (ii) $50,000,000 aggregate principal amount of its 3.75%
Senior Notes, Series B, due December 18, 2028 (as amended, supplemented, restated or otherwise modified from time to time, including any such notes issued in substitution therefor pursuant to Section 13 of this Agreement, the
“Series B Notes” and, together with the Series A Notes, the “Notes”). The Series A Notes will be substantially in the form of Exhibit 1(a) and the Series B Notes will be substantially in the form of Exhibit 1(b), in
each case with such changes therefrom, if any, as may be approved by you and the Company. Certain capitalized and other terms used in this Agreement are defined in Schedule B; references to a “Schedule” or an “Exhibit” are,
unless otherwise specified, to a Schedule or an Exhibit attached to this Agreement. 
 2. SALE AND PURCHASE OF NOTES.

 Subject to the terms and conditions of this Agreement, the Company will issue and sell to each Purchaser and each
Purchaser will purchase from the Company, at the Closings provided for in Section 3, Notes in the principal amounts and series specified opposite such Purchaser’s name in Schedule A at the purchase price of 100% of the principal amount
thereof. The Purchasers’ obligations hereunder are several and not joint obligations and no Purchaser shall have any liability to any Person for the performance or non-performance of any obligation by any other Purchaser hereunder. 

 3. CLOSINGS. 
 The sale and purchase of the Series A Notes to be purchased by each Purchaser purchasing Series A Notes shall occur at the offices of Schiff Hardin LLP, 233 South Wacker Drive, Suite 6600, Chicago,
Illinois 60606 at 9:00 a.m., Chicago time, at a closing on June 17, 2013 (the “First Closing”) and the sale and purchase of the Series B Notes to be purchased by each Purchaser purchasing Series B Notes shall occur at such
offices at 9:00 a.m., Chicago time, at a closing on December 17, 2013 (the “Second Closing” and, together with the First Closing, the “Closings”). At each Closing the Company will deliver to each Purchaser the
Notes to be purchased by such Purchaser at such Closing in the form of a single Note (or such greater number of Notes in denominations of at least $250,000 as you may request) dated the date of such Closing and registered in such Purchaser’s
name (or in the name of its nominee), against delivery by such Purchaser to the Company or its order of immediately available funds in the amount of the purchase price therefor by wire transfer of immediately available funds for the account of the
Company to account number 9870527502 at UMB Bank, n.a., Kansas City, Missouri, ABA No. 101000695. If at either Closing the Company shall fail to tender the Notes to be purchased at such Closing to any Purchaser as provided above in this
Section 3, or any of the conditions specified in Section 4 shall not have been fulfilled to such Purchaser’s satisfaction, such Purchaser shall, at its election, be relieved of all further obligations under this Agreement, without
thereby waiving any rights such Purchaser may have by reason of such failure or such nonfulfillment. 
 4. CONDITIONS TO
CLOSING. 
 Each Purchaser’s obligation to purchase and pay for the Notes to be sold to such Purchaser at each Closing
is subject to the fulfillment to such Purchaser’s satisfaction, prior to or at such Closing, of the following conditions: 

4.1. Representations and Warranties. 
 The representations and warranties of the Company in this Agreement shall be correct when made and at the time of such Closing. 
 4.2. Performance; No Default. 
 The Company shall have performed and
complied with all agreements and conditions contained in this Agreement required to be performed or complied with by it prior to or at such Closing and after giving effect to the issue and sale of the Notes to be sold at such Closing (and the
application of the proceeds thereof as contemplated by Section 5.14) no Default or Event of Default shall have occurred and be continuing. 
 4.3. Compliance Certificates. 
 (a) Officer’s
Certificate. The Company shall have delivered to such Purchaser an Officer’s Certificate, dated the date of such Closing, certifying that the conditions specified in Sections 4.1, 4.2 and 4.9 have been fulfilled. 

  
 2 

 (b) Secretary’s Certificate. The Company shall have delivered to
such Purchaser a certificate of its Secretary or Assistant Secretary, dated the date of such Closing certifying as to the resolutions attached thereto and other corporate proceedings relating to the authorization, execution and delivery of the Notes
and this Agreement. 
 4.4. Opinions of Counsel. 
 Such Purchaser shall have received opinions in form and substance satisfactory to such Purchaser, dated the date of such Closing (a) from Ahlers & Cooney, P.C., counsel for the Company,
covering the matters set forth in Exhibit 4.4(a) and covering such other matters incident to the transactions contemplated hereby as such Purchaser or its counsel may reasonably request (and the Company instructs its counsel to deliver such opinion
to the Purchasers) and (b) from Schiff Hardin LLP, the Purchasers’ special counsel in connection with such transactions, substantially in the form set forth in Exhibit 4.4(b) and covering such other matters incident to such transactions as
such Purchaser may reasonably request. 
 4.5. Purchase Permitted By Applicable Law, Etc. 

On the date of such Closing such Purchaser’s purchase of Notes shall (a) be permitted by the laws and regulations of each
jurisdiction to which such Purchaser is subject, without recourse to provisions (such as Section 1405(a)(8) of the New York Insurance Law) permitting limited investments by insurance companies without restriction as to the character of the
particular investment, (b) not violate any applicable law or regulation (including, without limitation, Regulation T, U or X of the Board of Governors of the Federal Reserve System) and (c) not subject such Purchaser to any tax, penalty or
liability under or pursuant to any applicable law or regulation, which law or regulation was not in effect on the date hereof. If requested by such Purchaser, such Purchaser shall have received an Officer’s Certificate certifying as to such
matters of fact as such Purchaser may reasonably specify to enable you to determine whether such purchase is so permitted. 

4.6. Sale of Other Notes. 
 Contemporaneously with such Closing, the Company shall sell to each other Purchaser and each other Purchaser shall purchase the Notes to be purchased by it at such Closing as specified in Schedule A.

 4.7. Payment of Fees. 
 Without limiting the provisions of Section 15.1, the Company shall have paid on or before such Closing the fees, charges and disbursements of the Purchasers’ special counsel referred to in
Section 4.4 to the extent reflected in a statement of such counsel rendered to the Company on or prior to the date of such Closing. 
 4.8. Private Placement Number. 
 A Private Placement Number issued by
Standard & Poor’s CUSIP Service Bureau (in cooperation with the SVO) shall have been obtained for each series of the Notes to be purchased at such Closing by Schiff Hardin LLP. 

  
 3 

 4.9. Changes in Corporate Structure. 

The Company shall not have changed its jurisdiction of incorporation or organization, as applicable, or been a party to any merger or
consolidation or succeeded to all or any substantial part of the liabilities of any other entity, at any time following the date of the most recent financial statements referred to in Schedule 5.5. 

4.10. Solvency Certificate. 
 Such Purchaser shall have received a certificate executed by the chief financial officer of the Company, in form and substance satisfactory to such Purchaser, to the effect that on and as of the date of
such Closing, after consummation of the transactions contemplated by this Agreement, including the issuance of the Notes and the use of the proceeds thereof, the Company will be Solvent. 

4.11. Funding Instructions. 
 At least one Business Day prior to the date of such Closing, each Purchaser shall have received written instructions signed by a Responsible Officer on letterhead of the Company confirming the information
specified in Section 3 including (a) the name and address of the transferee bank, (b) such transferee bank’s ABA number and (c) the account name and number into which the purchase price for the Notes to be purchased at such
Closing is to be deposited. 
 4.12. Proceedings and Documents. 

All corporate and other proceedings in connection with the transactions contemplated by this Agreement and all documents and instruments
incident to such transactions shall be satisfactory to such Purchaser and its special counsel, and such Purchaser and its special counsel shall have received all such counterpart originals or certified or other copies of such documents as such
Purchaser or such special counsel may reasonably request. 
 5. REPRESENTATIONS AND WARRANTIES OF THE COMPANY.

 The Company represents and warrants to each Purchaser that: 

5.1. Organization; Power and Authority. 
 The Company is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation, and is duly qualified as a foreign corporation and is in good
standing in each jurisdiction in which such qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing would not, individually or in the aggregate, reasonably be expected to have a
Material Adverse Effect. The Company has the corporate power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to execute and deliver this
Agreement and the Notes and to perform the provisions hereof and thereof. 

  
 4 

 5.2. Authorization, Etc. 

This Agreement and the Notes have been duly authorized by all necessary corporate action on the part of the Company, and this Agreement
constitutes, and upon execution and delivery thereof each Note will constitute, a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such enforceability may be limited by
(i) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (ii) general principles of equity (regardless of whether such enforceability is
considered in a proceeding in equity or at law). 
 5.3. Disclosure. 

This Agreement, the documents, certificates or other writings delivered to the Purchasers by or on behalf of the Company in connection
with the transactions contemplated hereby and identified in Schedule 5.3, the financial statements listed in Schedule 5.5 (this Agreement, and such documents, certificates or other writings and such financial statements delivered to each Purchaser
prior to the date of the First Closing being referred to, collectively, as the, as the “Disclosure Documents”), taken as a whole, do not contain any untrue statement of a material fact or omit to state any material fact necessary to
make the statements therein not misleading in light of the circumstances under which they were made. Except as disclosed in the Disclosure Documents, since April 30, 2012, there has been no change in the financial condition, operations,
business or properties of the Company or any of its Subsidiaries except changes that individually or in the aggregate would not reasonably be expected to have a Material Adverse Effect. 

5.4. Organization and Ownership of Shares of Subsidiaries; Affiliates. 

(a) Schedule 5.4 is (except as noted therein) a complete and correct list of the Company’s Subsidiaries, showing, as to each
Subsidiary, the correct name thereof, the jurisdiction of its organization, and the percentage of shares of each class of its capital stock or similar equity interests outstanding owned by the Company and each other Subsidiary. 

(b) All of the outstanding shares of capital stock or similar equity interests of each Subsidiary shown in Schedule 5.4 as being owned by
the Company and its Subsidiaries have been validly issued, are fully paid and nonassessable and are owned by the Company or another Subsidiary free and clear of any Lien (except as otherwise disclosed in Schedule 5.4). 

(c) Each Subsidiary identified in Schedule 5.4 is a corporation or other legal entity duly organized, validly existing and in good
standing under the laws of its jurisdiction of organization, and is duly qualified as a foreign corporation or other legal entity and is in good standing in each jurisdiction in which such qualification is required by law, other than those
jurisdictions as to which the failure to be so qualified or in good standing would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. Each such Subsidiary has the corporate or other power and authority
to own or hold under lease the properties it purports to own or hold under lease and to transact the business it transacts and proposes to transact. 

  
 5 

 5.5. Financial Statements; Material Liabilities. 

The Company has delivered to each Purchaser copies of the financial statements of the Company and its Subsidiaries listed on Schedule 5.5.
All of said financial statements (including in each case the related schedules and notes) fairly present in all material respects the consolidated financial position of the Company and its Subsidiaries as of the respective dates specified in such
Schedule and the consolidated results of their operations and cash flows for the respective periods so specified and have been prepared in accordance with GAAP consistently applied throughout the periods involved except as set forth in the notes
thereto (subject, in the case of any interim financial statements, to normal year-end adjustments). Other than pursuant to this Agreement and the Notes, the Company and its Subsidiaries do not have any Material liabilities that are not disclosed on
such financial statements or otherwise disclosed in the Disclosure Documents. 
 5.6. Compliance with Laws, Other Instruments,
Etc. 
 The execution, delivery and performance by the Company of this Agreement and the Notes will not (i) contravene,
result in any breach of, or constitute a default under, or result in the creation of any Lien in respect of any property of the Company or any Subsidiary under, any indenture, mortgage, deed of trust, loan, purchase or credit agreement, lease,
corporate charter or by-laws, or any other Material agreement or instrument to which the Company or any Subsidiary is bound or by which the Company or any Subsidiary or any of their respective properties may be bound or affected, (ii) conflict
with or result in a breach of any of the terms, conditions or provisions of any order, judgment, decree, or ruling of any court, arbitrator or Governmental Authority applicable to the Company or any Subsidiary or (iii) violate any provision of
any statute or other rule or regulation of any Governmental Authority applicable to the Company or any Subsidiary. 
 5.7.
Governmental Authorizations, Etc. 
 No consent, approval or authorization of, or registration, filing or declaration with,
any Governmental Authority is required in connection with the execution, delivery or performance by the Company of this Agreement or the Notes. 
 5.8. Litigation; Observance of Agreements, Statutes and Orders. 
 (a) There
are no actions, suits, investigations or proceedings pending or, to the knowledge of the Company, threatened against or affecting the Company or any Subsidiary or any property of the Company or any Subsidiary in any court or before any arbitrator of
any kind or before or by any Governmental Authority that, individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 
 (b) Neither the Company nor any Subsidiary is in default under any order, judgment, decree or ruling of any court, arbitrator or Governmental Authority or is in violation of any applicable law, ordinance,
rule or regulation (including without limitation Environmental Laws, the USA Patriot Act or any of the other laws and regulations that are referred to in Section 5.16) of any Governmental Authority, which default or violation, individually or
in the aggregate, would reasonably be expected to have a Material Adverse Effect. 

  
 6 

 (c) Except as may be set forth on Schedule 5.8, there are no actions, suits, investigations
or proceedings pending or, to the knowledge of the Company, directly or indirectly threatened against or directly or indirectly affecting the execution and delivery of this Agreement, the purchase of the Notes or the use of proceeds thereof in
accordance with Section 5.14, the performance of this Agreement or the Notes. No injunction or restraining order has been issued enjoining the execution and delivery of this Agreement, the purchase of the Notes or the use of proceeds thereof in
accordance with Section 5.14, the performance of this Agreement or the Notes. 
 5.9. Taxes. 

The Company and its Subsidiaries have filed all income tax returns that are required to have been filed in any jurisdiction, and have paid
all taxes shown to be due and payable on such returns and all other taxes and assessments payable by them, to the extent such taxes and assessments have become due and payable and before they have become delinquent, except for any taxes and
assessments (i) the amount of which is not individually or in the aggregate Material or (ii) the amount, applicability or validity of which is currently being contested in good faith by appropriate proceedings and with respect to which the
Company or a Subsidiary, as the case may be, has established adequate reserves in accordance with GAAP. The Federal income tax liabilities of the Company and its Subsidiaries have been finally determined (whether by reason of completed audits or the
statute of limitations having run) for all fiscal years up to and including the fiscal year ended April 30, 2009. 

5.10. Title to Property; Leases. 
 The Company and its Subsidiaries have good and sufficient title to their respective Material properties, including all such properties reflected in the most recent audited balance sheet referred to in
Section 5.5 or purported to have been acquired by the Company or any Subsidiary after said date (except as sold or otherwise disposed of in the ordinary course of business), in each case free and clear of Liens prohibited by this Agreement,
except for those defects in title and Liens that, individually or in the aggregate, would not have a Material Adverse Effect. All Material leases are valid and subsisting and are in full force and effect in all material respects. 

5.11. Licenses, Permits, Etc. 
 The Company and its Subsidiaries own, possess or have the right to use all licenses, permits, franchises, authorizations, patents, copyrights, proprietary software, service marks, trademarks and trade
names, or rights thereto, that are Material, without known conflict with the rights of others, except for those conflicts that, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

5.12. Compliance with ERISA. 
 (a) The Company and each ERISA Affiliate have operated and administered each Plan in compliance with all applicable laws except for such instances of noncompliance as have not resulted in and could not
reasonably be expected to result in a Material Adverse Effect. Neither the Company nor any ERISA Affiliate has incurred any liability pursuant to Title I or IV 

  
 7 

 
of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit plans (as defined in section 3 of ERISA), and no event, transaction or condition has occurred or exists
that would reasonably be expected to result in the incurrence of any such liability by the Company or any ERISA Affiliate, or in the imposition of any Lien on any of the rights, properties or assets of the Company or any ERISA Affiliate, in either
case pursuant to Title I or IV of ERISA or to such penalty or excise tax provisions or to section 401(a)(29) or 412 of the Code or section 4068 of ERISA, other than such liabilities or Liens as would not be individually or in the aggregate Material.

 (b) The present value of the aggregate benefit liabilities under each of the Plans (other than Multiemployer Plans),
determined as of the end of such Plan’s most recently ended plan year on the basis of the actuarial assumptions specified for funding purposes in such Plan’s most recent actuarial valuation report, did not exceed the aggregate current
value of the assets of such Plan allocable to such benefit liabilities. The term “benefit liabilities” has the meaning specified in section 4001 of ERISA and the terms “current value” and “present value” have the
meaning specified in section 3 of ERISA. 
 (c) The Company and its ERISA Affiliates have not incurred withdrawal liabilities
(and are not subject to contingent withdrawal liabilities) under section 4201 or 4204 of ERISA in respect of Multiemployer Plans that individually or in the aggregate are Material. 

(d) The expected postretirement benefit obligation (determined as of the last day of the Company’s most recently ended fiscal year in
accordance with Financial Accounting Standards Board Statement No. 106, without regard to liabilities attributable to continuation coverage mandated by section 4980B of the Code) of the Company and its Subsidiaries is not Material. 

(e) The execution and delivery of this Agreement and the issuance and sale of the Notes hereunder will not involve any transaction that is
subject to the prohibitions of section 406 of ERISA or in connection with which a tax could be imposed pursuant to section 4975(c)(1)(A)-(D) of the Code. The representation by the Company to each Purchaser in the first sentence of this
Section 5.12(e) is made in reliance upon and subject to the accuracy of such Purchaser’s representation in Section 6.2 as to the sources of the funds used to pay the purchase price of the Notes to be purchased by such Purchaser.

 5.13. Private Offering by the Company. 
 Neither the Company nor anyone acting on its behalf has offered the Notes or any similar securities for sale to, or solicited any offer to buy any of the same from, or otherwise approached or negotiated
in respect thereof with, any person other than the Purchasers and not more than five other Institutional Investors, each of which has been offered the Notes at a private sale for investment. Neither the Company nor anyone acting on its behalf has
taken, or will take, any action that would subject the issuance or sale of the Notes to the registration requirements of Section 5 of the Securities Act or to the registration requirements of any securities or blue sky laws of any applicable
jurisdiction. 

  
 8 

 5.14. Use of Proceeds; Margin Regulations. 

The Company will apply the proceeds of the sale of the Notes as set forth in Schedule 5.14. No part of the proceeds from the sale of the
Notes hereunder will be used, directly or indirectly, for the purpose of buying or carrying any margin stock within the meaning of Regulation U of the Board of Governors of the Federal Reserve System (12 CFR 221), or for the purpose of buying or
carrying or trading in any securities under such circumstances as to involve the Company in a violation of Regulation X of said Board (12 CFR 224) or to involve any broker or dealer in a violation of Regulation T of said Board (12 CFR 220). Margin
stock does not constitute more than 1.0% of the value of the consolidated assets of the Company and its Subsidiaries and the Company does not have any present intention that margin stock will constitute more than 1.0% of the value of such assets. As
used in this Section, the terms “margin stock” and “purpose of buying or carrying” shall have the meanings assigned to them in said Regulation U. 
 5.15. Existing Indebtedness. 
 (a) Except as described therein, Schedule
5.15 sets forth a complete and correct list of all outstanding Indebtedness of the Company and its Subsidiaries as of April 30, 2013 (including a description of the obligors and obligees, principal amount outstanding and collateral therefor, if
any, and Guaranty thereof, if any), since which date, except as set forth on Schedule 5.15, there has been no Material change in the amounts, interest rates, sinking funds, installment payments or maturities of the Indebtedness of the Company or its
Subsidiaries. Neither the Company nor any Subsidiary is in default, and no waiver of default is currently in effect, in the payment of any principal or interest on any Indebtedness of the Company or such Subsidiary and no event or condition exists
with respect to any Indebtedness of the Company or such Subsidiary that would permit (or that with notice or the lapse of time, or both, would permit) one or more Persons to cause such Indebtedness to become due and payable before its stated
maturity or before its regularly scheduled dates of payment. 
 (b) Neither the Company nor any Subsidiary is a party to, or
otherwise subject to any provision contained in, any instrument evidencing Indebtedness of the Company or such Subsidiary, any agreement relating thereto or any other agreement (including, but not limited to, its charter or other organizational
document) which limits the amount of, or otherwise imposes restrictions on the incurring of, Indebtedness of the Company, except as specifically indicated in Schedule 5.15. 
 5.16. Foreign Assets Control Regulations, Etc. 
 (a) Neither the Company nor
any Controlled Entity is (i) a Person whose name appears on the list of Specially Designated Nationals and Blocked Persons published by the Office of Foreign Assets Control, United States Department of the Treasury (“OFAC”) (an
“OFAC Listed Person”) (ii) an agent, department, or instrumentality of, or is otherwise beneficially owned by, controlled by or acting on behalf of, directly or indirectly, (x) any OFAC Listed Person or (y) any
Person, entity, organization, foreign country or regime that is subject to any OFAC Program, Sanctions or (iii) otherwise blocked, subject to sanctions under or engaged in any activity in violation of other United States economic sanctions,
including but not limited to, the Trading with the Enemy Act, the International Emergency Economic Powers Act, the Comprehensive Iran Sanctions, Accountability and Divestment Act (“CISADA”) or any similar

  
 9 

 
law or regulation with respect to Iran or any other country, the Sudan Accountability and Divestment Act, any OFAC Sanctions Program, or any economic sanctions regulations administered and
enforced by the United States or any enabling legislation or executive order relating to any of the foregoing (collectively, “U.S. Economic Sanctions”) (each OFAC Listed Person and each other Person, entity, organization and
government of a country described in clause (i), clause (ii) or clause (iii), a “Blocked Person”). Neither the Company nor any Controlled Entity has been notified that its name appears or may in the future appear on a state
list of Persons that engage in investment or other commercial activities in Iran or any other country that is subject to U.S. Economic Sanctions. 
 (b) No part of the proceeds from the sale of the Notes hereunder constitutes or will constitute funds obtained on behalf of any Blocked Person or will otherwise be used by the Company or any Controlled
Entity, directly or indirectly, (i) in connection with any investment in, or any transactions or dealings with, any Blocked Person, or (ii) otherwise in violation of U.S. Economic Sanctions. 

(c) Neither the Company nor any Controlled Entity (i) has been found in violation of, charged with, or convicted of, money
laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes under the Currency and Foreign Transactions Reporting Act of 1970 (otherwise known as the Bank Secrecy Act), the USA PATRIOT Act or any other
United States law or regulation governing such activities (collectively, “Anti-Money Laundering Laws”) or any U.S. Economic Sanctions violations, (ii) to the Company’s actual knowledge after making due inquiry, is under
investigation by any Governmental Authority for possible violation of Anti-Money Laundering Laws or any U.S. Economic Sanctions violations, (iii) has been assessed civil penalties under any Anti-Money Laundering Laws or any U.S. Economic
Sanctions, or (iv) has had any of its funds seized or forfeited in an action under any Anti-Money Laundering Laws. The Company has established procedures and controls which it reasonably believes are adequate (and otherwise comply with
applicable law) to ensure that the Company and each Controlled Entity is and will continue to be in compliance with all applicable current and future Anti-Money Laundering Laws and U.S. Economic Sanctions. 

(d) (1) Neither the Company nor any Controlled Entity (i) has been charged with, or convicted of bribery or any other anti-corruption
related activity under any applicable law or regulation in a U.S. or any non-U.S. country or jurisdiction, including but not limited to, the U.S. Foreign Corrupt Practices Act and the U.K. Bribery Act 2010 (collectively, “Anti-Corruption
Laws”), (ii) to the Company’s actual knowledge after making due inquiry, is under investigation by any U.S. or non-U.S. Governmental Authority for possible violation of Anti-Corruption Laws, (iii) has been assessed civil or
criminal penalties under any Anti-Corruption Laws or (iv) has been or is the target of sanctions imposed by the United Nations or the European Union; 
 (2) To the Company’s actual knowledge after making due inquiry, neither the Company nor any Controlled Entity has, within the last five years, directly or indirectly offered, promised, given, paid or
authorized the offer, promise, giving or payment of anything of value to a Governmental Official or a commercial counterparty for the purposes of: (i) influencing any act, decision or failure to act by such Government Official in his or her
official capacity or such 

  
 10 

 
commercial counterparty, (ii) inducing a Governmental Official to do or omit to do any act in violation of the Governmental Official’s lawful duty, or (iii) inducing a Governmental
Official or a commercial counterparty to use his or her influence with a government or instrumentality to affect any act or decision of such government or entity; in each case in order to obtain, retain or direct business or to otherwise secure an
improper advantage in violation of any applicable law or regulation or which would cause any holder to be in violation of any law or regulation applicable to such holder; and 
 (3) No part of the proceeds from the sale of the Notes hereunder will be used, directly or indirectly, for any improper payments, including bribes, to any Governmental Official or commercial counterparty
in order to obtain, retain or direct business or obtain any improper advantage. The Company has established procedures and controls which it reasonably believes are adequate (and otherwise comply with applicable law) to ensure that the Company and
each Controlled Entity is and will continue to be in compliance with all applicable current and future Anti-Corruption Laws. 

5.17. Status under Certain Statutes. 
 Neither the Company nor any Subsidiary is subject to regulation under the Investment Company Act of 1940, as amended, the ICC Termination Act of 1995, as amended, or the Federal Power Act, as amended.

 5.18. Environmental Matters. 
 Neither the Company nor any Subsidiary has knowledge of any claim or has received any notice of any claim, and no proceeding has been instituted raising any claim against the Company or any of its
Subsidiaries or any of their respective real properties now or formerly owned, leased or operated by any of them or other assets, alleging any damage to the environment or violation of any Environmental Laws, except, in each case, such as would not
reasonably be expected to result in a Material Adverse Effect. Schedule 5.18 contains a list of the products offered for sale by the Company and its Subsidiaries that may constitute Hazardous Materials. 

(a) Neither the Company nor any Subsidiary has knowledge of any facts that would give rise to any claim, public or private, of violation
of Environmental Laws or damage to the environment emanating from, occurring on or in any way related to real properties now or formerly owned, leased or operated by any of them or to other assets or their use, except, in each case, such as would
not reasonably be expected to result in a Material Adverse Effect. 
 (b) Neither the Company nor any of its Subsidiaries has
stored any Hazardous Materials on real properties now or formerly owned, leased or operated by any of them and has not disposed of any Hazardous Materials in a manner contrary to any Environmental Laws in each case in any manner that would
reasonably be expected to result in a Material Adverse Effect. 
 (c) All buildings on all real properties now owned, leased or
operated by the Company or any of its Subsidiaries are in compliance with applicable Environmental Laws, except where failure to comply would not reasonably be expected to result in a Material Adverse Effect. 

  
 11 

 5.19. Solvency. 

On the date of Closing, after giving effect to the consummation of the transactions contemplated by this Agreement, including the issuance
of the Notes, and the use of the proceeds thereof, the Company will be Solvent. 
 6. REPRESENTATIONS OF THE PURCHASER.

 6.1. Purchase for Investment. 
 Each Purchaser severally represents that it is purchasing the Notes for its own account or for one or more separate accounts maintained by such Purchaser or for the account of one or more pension or trust
funds and not with a view to the distribution thereof, provided that the disposition of such Purchaser’s or their property shall at all times be within such Purchaser’s or their control. Each Purchaser understands that the Notes have not
been registered under the Securities Act and may be resold only if registered pursuant to the provisions of the Securities Act or if an exemption from registration is available, except under circumstances where neither such registration nor such an
exemption is required by law, and that the Company is not required to register the Notes 
 6.2. Source of Funds.

 Each Purchaser severally represents that at least one of the following statements is an accurate representation as to each
source of funds (a “Source”) to be used by such Purchaser to pay the purchase price of the Notes to be purchased by such Purchaser hereunder: 
 (a) the Source is an “insurance company general account” (as the term is defined in the United States Department of Labor’s Prohibited Transaction Exemption (“PTE”) 95-60)
in respect of which the reserves and liabilities (as defined by the annual statement for life insurance companies approved by the NAIC (the “NAIC Annual Statement”)) for the general account contract(s) held by or on behalf of any
employee benefit plan together with the amount of the reserves and liabilities for the general account contract(s) held by or on behalf of any other employee benefit plans maintained by the same employer (or affiliate thereof as defined in PTE
95-60) or by the same employee organization in the general account do not exceed 10% of the total reserves and liabilities of the general account (exclusive of separate account liabilities) plus surplus as set forth in the NAIC Annual Statement
filed with such Purchaser’s state of domicile; or 
 (b) the Source is a separate account that is maintained
solely in connection with such Purchaser’s fixed contractual obligations under which the amounts payable, or credited, to any employee benefit plan (or its related trust) that has any interest in such separate account (or to any participant or
beneficiary of such plan (including any annuitant)) are not affected in any manner by the investment performance of the separate account; or 

  
 12 

 (c) the Source is either (i) an insurance company pooled separate
account, within the meaning of PTE 90-1 or (ii) a bank collective investment fund, within the meaning of the PTE 91-38 and, except as disclosed by such Purchaser to the Company in writing pursuant to this clause (c), no employee benefit plan or
group of plans maintained by the same employer or employee organization beneficially owns more than 10% of all assets allocated to such pooled separate account or collective investment fund; or 

(d) the Source constitutes assets of an “investment fund” (within the meaning of Part VI of PTE 84-14 (the
“QPAM Exemption”)) managed by a “qualified professional asset manager” or “QPAM” (within the meaning of Part VI of the QPAM Exemption), no employee benefit plan’s assets that are managed by the QPAM in such
investment fund, when combined with the assets of all other employee benefit plans established or maintained by the same employer or by an affiliate (within the meaning of Part VI(c)(1) of the QPAM Exemption) of such employer or by the same employee
organization and managed by such QPAM, represent more than 20% of the total client assets managed by such QPAM, the conditions of Part I(c) and (g) of the QPAM Exemption are satisfied, neither the QPAM nor a person controlling or controlled by
the QPAM maintains an ownership interest in the Company that would cause the QPAM and the Company to be “related” within the meaning of Part VI(h) of the QPAM Exemption and (i) the identity of such QPAM and (ii) the names of any
employee benefit plans whose assets in the investment fund, when combined with the assets of all other employee benefit plans established or maintained by the same employer or by an affiliate (within the meaning of Part VI(c)(1) of the QPAM
Exemption) of such employer or by the same employee organization, represent 10% or more of the assets of such investment fund, have been disclosed to the Company in writing pursuant to this clause (d), or, with respect to LEO 2013-1 LLC only, based
upon information solicited from any employee benefit plans whose assets in such investment fund, when combined with the assets of all other employee benefit plans established or maintained by the same employer or by an affiliate (within the meaning
of Part VI(c)(1) of the QPAM Exemption) of such employer or by the same employee organization, represent 10% or more of the assets of such investment fund, which the QPAM has no reason to believe is inaccurate, to the best knowledge of the QPAM, the
conditions of Part I(a) of the QPAM exemption are satisfied; or 
 (e) the Source constitutes assets of a
“plan(s)” (within the meaning of Part IV(h) of PTE 96-23 (the “INHAM Exemption”)) managed by an “in-house asset manager” or “INHAM” (within the meaning of Part IV(a) of the INHAM Exemption), the
conditions of Part I(a), (g) and (h) of the INHAM Exemption are satisfied, neither the INHAM nor a person controlling or controlled by the INHAM (applying the definition of “control” in Part IV(d)(3) of the INHAM Exemption) owns
a 10% or more interest in the Company and (i) the identity of such INHAM and (ii) the name(s) of the employee benefit plan(s) whose assets constitute the Source have been disclosed to the Company in writing pursuant to this clause (e); or

 (f) the Source is a governmental plan; or 

  
 13 

 (g) the Source is one or more employee benefit plans, or a separate account
or trust fund comprised of one or more employee benefit plans, each of which has been identified to the Company in writing pursuant to this clause (g); or 
 (h) the Source does not include assets of any employee benefit plan, other than a plan exempt from the coverage of ERISA. 
 As used in this Section 6.2, the terms “employee benefit plan”, “governmental plan” and “separate account” shall have the respective meanings assigned to such terms in
section 3 of ERISA. 
 7. INFORMATION AS TO COMPANY. 

7.1. Financial and Business Information 
 The Company will deliver to each holder of Notes that is an Institutional Investor: 
 (a) Quarterly Statements — within 60 days (or such shorter period as is 15 days greater than the period applicable to the filing of the Company’s Quarterly Report on Form 10-Q (the
“Form 10-Q”) with the SEC regardless of whether the Company is subject to the filing requirements thereof) after the end of each quarterly fiscal period in each fiscal year of the Company (other than the last quarterly fiscal period of
each such fiscal year), duplicate copies of, 
 (i) a consolidated balance sheet of the Company and its
Subsidiaries as at the end of such quarter, and 
 (ii) consolidated statements of income, changes in
shareholders’ equity and cash flows of the Company and its Subsidiaries, for such quarter and (in the case of the second and third quarters) for the portion of the fiscal year ending with such quarter, 

setting forth in each case in comparative form the figures for the corresponding periods in the previous fiscal year, all in reasonable
detail, prepared in accordance with GAAP applicable to quarterly financial statements generally, and certified by a Senior Financial Officer as fairly presenting, in all material respects, the financial position of the companies being reported on
and their results of operations and cash flows, subject to changes resulting from year-end adjustments, provided that delivery within the time period specified above of copies of the Company’s Form 10-Q prepared in compliance with the
requirements therefor and filed with the SEC shall be deemed to satisfy the requirements of this Section 7.1(a), and provided further that the Company shall be deemed to have made such delivery of such Form 10-Q if it shall have timely filed
such Form 10-Q with the SEC on “EDGAR” (or any successor thereto) and such Form 10-Q is available on the SEC’s website and on the Company’s home page on the worldwide web (at the date of this Agreement located at:
http//www.caseys.com), or posted on the Company’s behalf on IntraLinks or another relevant website, if any, to which each such holder has access, and shall have given such holder prior notice of such availability on EDGAR and on its home page,
IntraLinks or other relevant website in connection with each delivery (such availability and notice thereof being referred to as “Electronic Delivery”); 

  
 14 

 (b) Annual Statements — within 120 days (or such shorter period
as is 15 days greater than the period applicable to the filing of the Company’s Annual Report on Form 10-K (the “Form 10-K”) with the SEC regardless of whether the Company is subject to the filing requirements thereof) after
the end of each fiscal year of the Company, duplicate copies of, 
 (i) a consolidated balance sheet of the
Company and its Subsidiaries, as at the end of such year, and 
 (ii) consolidated statements of income, changes
in shareholders’ equity and cash flows of the Company and its Subsidiaries, for such year, 
 setting forth in each case in
comparative form the figures for the previous fiscal year, all in reasonable detail, prepared in accordance with GAAP, and accompanied by an opinion thereon of KPMG LLP or another firm of independent public accountants of recognized national
standing, which opinion shall state that such financial statements present fairly, in all material respects, the financial position of the companies being reported upon and their results of operations and cash flows and have been prepared in
conformity with GAAP, and that the examination of such accountants in connection with such financial statements has been made in accordance with generally accepted auditing standards, and that such audit provides a reasonable basis for such opinion
in the circumstances, provided that the delivery within the time period specified above of the Company’s Annual Report on Form 10-K for such fiscal year (together with the Company’s annual report to shareholders, if any, prepared pursuant
to Rule 14a-3 under the Exchange Act) prepared in accordance with the requirements therefor and filed with the SEC shall be deemed to satisfy the requirements of this Section 7.1(b), and provided, further, that the Company shall be deemed to
have made such delivery of such Form 10-K if it shall have timely made Electronic Delivery thereof; 
 (c) SEC
and Other Reports — promptly upon their becoming available, one copy of (i) each financial statement, report, notice or proxy statement sent by the Company or any Subsidiary to its principal lending banks as a whole (excluding
information sent to such banks in the ordinary course of administration of a bank facility, such as information relating to pricing and borrowing availability) or to public securities holders generally, (ii) each regular or periodic report,
each registration statement that shall have become effective (without exhibits except as expressly requested by such holder), and each final prospectus and all amendments thereto filed by the Company or any Subsidiary with the SEC; provided that in
each case the Company shall be deemed to have made such delivery if it shall have made Electronic Delivery thereof; 
 (d) Notice of Default or Event of Default — promptly, and in any event within five Business Days after a Responsible Officer becoming aware of the existence of any Default or Event of Default,
a written notice specifying the nature and period of existence thereof and what action the Company is taking or proposes to take with respect thereto; 

  
 15 

 (e) ERISA Matters — promptly, and in any event within five days
after a Responsible Officer becoming aware of any of the following, a written notice setting forth the nature thereof and the action, if any, that the Company or an ERISA Affiliate proposes to take with respect thereto: 

(i) with respect to any Plan, any reportable event, as defined in section 4043(c) of ERISA and the regulations thereunder,
for which notice thereof has not been waived pursuant to such regulations as in effect on the date hereof; or 

(ii) the taking by the PBGC of steps to institute, or the threatening by the PBGC of the institution of, proceedings under
section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan, or the receipt by the Company or any ERISA Affiliate of a notice from a Multi-employer Plan that such action has been taken by the PBGC with
respect to such Multi-employer Plan; or 
 (iii) any event, transaction or condition that could result in the
incurrence of any liability by the Company or any ERISA Affiliate pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit plans, or in the imposition of any Lien on any of the rights,
properties or assets of the Company or any ERISA Affiliate pursuant to Title I or IV of ERISA or such penalty or excise tax provisions, if such liability or Lien, taken together with any other such liabilities or Liens then existing, would
reasonably be expected to have a Material Adverse Effect; and 
 (f) Requested Information — with
reasonable promptness, such other data and information relating to the business, operations, affairs, financial condition, assets or properties of the Company or any of its Subsidiaries (including actual copies of the Company’s Form 10-Q and
Form 10-K) or relating to the ability of the Company to perform its obligations under this Agreement and under the Notes as from time to time may be reasonably requested by such holder of Notes. 

7.2. Officer’s Certificate. 
 Each set of financial statements delivered to a holder of Notes pursuant to Section 7.1(a) or Section 7.1(b) shall be accompanied by a certificate of a Senior Financial Officer setting forth
(which, in the case of Electronic Delivery of any such financial statements, shall be by separate, substantially concurrent electronic delivery (e-mail) of such certificate to each holder of Notes): 

(a) Covenant Compliance — the information (including detailed calculations) required in order to establish
whether the Company was in compliance with the requirements of Section 10.1 through Section 10.9, inclusive, during the quarterly or annual period covered by the statements then being furnished (including with respect to each such Section,
where applicable, the calculations of the maximum or minimum amount, ratio or percentage, as the case may be, permissible under the terms of such Sections, and the calculation of the amount, ratio or percentage then in existence); and 

  
 16 

 (b) Event of Default — a statement that such Senior Financial
Officer has reviewed the relevant terms hereof and has made, or caused to be made, under his or her supervision, a review of the transactions and conditions of the Company and its Subsidiaries from the beginning of the quarterly or annual period
covered by the statements then being furnished to the date of the certificate and that such review shall not have disclosed the existence during such period of any condition or event that constitutes a Default or an Event of Default or, if any such
condition or event existed or exists, specifying the nature and period of existence thereof and what action the Company shall have taken or proposes to take with respect thereto. 

7.3. Visitation. 
 The Company shall permit the representatives of each holder of Notes that is an Institutional Investor: 
 (a) No Default — if no Default or Event of Default then exists, at the expense of such holder and upon reasonable prior notice to the Company, to visit the principal executive office of the
Company, to discuss the affairs, finances and accounts of the Company and its Subsidiaries with the Company’s officers, and, with the consent of the Company (which consent will not be unreasonably withheld), to visit the other offices and
properties of the Company and each Subsidiary, all at such reasonable times and as often as may be reasonably requested in writing; and 
 (b) Default — if a Default or Event of Default then exists, at the expense of the Company to visit and inspect any of the offices or properties of the Company or any Subsidiary, to examine all
their respective books of account, records, reports and other papers, to make copies and extracts therefrom, and to discuss their respective affairs, finances and accounts with their respective officers and independent public accountants (and by
this provision the Company authorizes said accountants to discuss the affairs, finances and accounts of the Company and its Subsidiaries), all at such times and as often as may be requested. 

8. PREPAYMENT OF THE NOTES 
 8.1. Required Prepayments; Maturity. 
 (a) Required
Prepayments of the Series A Notes. On (i) June 17, 2022, the Company will prepay $15,000,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Series A Notes, and (ii) on June 17, 2023 and
on each June 17 thereafter to and including June 17, 2027, the Company will prepay $24,000,000 principal amount (or such lesser principal amount as shall then be outstanding) of the Series A Notes, in the case of each such prepayment at
par and without payment of the Make-Whole Amount or any premium, provided that upon any prepayment or purchase of the Series A Notes pursuant to Section 8.5, 8.7 or 8.8, the principal amount of each required prepayment of the Series A Notes
becoming due under this Section 8.1(a) on 

  
 17 

 
and after the date of such prepayment or purchase shall be reduced in the same proportion as the aggregate unpaid principal amount of the Series A Notes is reduced as a result of such prepayment
or purchase. As provided therein, the entire unpaid principal balance of each Series A Note shall be due and payable on the Maturity Date of the Series A Notes. 
 (b) Required Prepayments of the Series B Notes. On (i) December 17, 2022, the Company will prepay $5,000,000 principal amount (or such lesser principal amount as shall then be
outstanding) of the Series B Notes, and (ii) on December 17, 2023 and on each December 17 thereafter to and including December 17, 2027, the Company will prepay $8,000,000 principal amount (or such lesser principal amount as
shall then be outstanding) of the Series B Notes, in the case of each such prepayment at par and without payment of the Make-Whole Amount or any premium, provided that upon any prepayment or purchase of the Series B Notes pursuant to
Section 8.5, 8.7 or Section 8.8, the principal amount of each required prepayment of the Series B Notes becoming due under this Section 8.1(b) on and after the date of such prepayment or purchase shall be reduced in the same
proportion as the aggregate unpaid principal amount of the Series B Notes is reduced as a result of such prepayment or purchase. As provided therein, the entire unpaid principal balance of each Series B Note shall be due and payable on the Maturity
Date of the Series B Notes. 
 8.2. Optional Prepayments with Make-Whole Amount. 

The Company may, at its option, upon notice as provided below, prepay at any time all, or from time to time any part of, the Notes, in an
amount not less than $2,000,000 in the case of a partial prepayment, at 100% of the principal amount so prepaid, plus the Make-Whole Amount determined for the prepayment date with respect to such principal amount. The Company will give each holder
of Notes written notice of each optional prepayment under this Section 8.2 not less than 30 days and not more than 60 days prior to the date fixed for such prepayment. Each such notice shall specify such date (which shall be a Business Day),
the aggregate principal amount of the Notes to be prepaid on such date, the principal amount of each Note held by such holder to be prepaid (determined in accordance with Section 8.3), and the interest to be paid on the prepayment date with
respect to such principal amount being prepaid, and shall be accompanied by a certificate of a Senior Financial Officer as to the estimated Make-Whole Amount due in connection with such prepayment (calculated as if the date of such notice were the
date of the prepayment), setting forth the details of such computation. Two Business Days prior to such prepayment, the Company shall deliver to each holder of Notes a certificate of a Senior Financial Officer specifying the calculation of such
Make-Whole Amount as of the specified prepayment date. 
 8.3. Allocation of Partial Prepayments. 

In the case of each partial prepayment of the Notes of either series pursuant to Section 8.1, the principal amount of the Notes of
such series to be prepaid shall be allocated among all of the Notes of such series at the time outstanding in proportion, as nearly as practicable, to the respective unpaid principal amounts thereof. In the case of each partial prepayment of the
Notes pursuant to Section 8.2, the principal amount of the Notes to be prepaid shall be allocated among all of the Notes at the time outstanding in proportion, as nearly as 

  
 18 

 
practicable, to the respective unpaid principal amounts thereof not theretofore called for prepayment. All partial prepayments made pursuant to Section 8.7 or Section 8.8 shall be
applied only to the Notes of the holders who have elected to participate in such prepayment. 
 8.4. Maturity; Surrender, Etc.

 In the case of each prepayment of Notes pursuant to this Section 8, the principal amount of each Note to be prepaid
shall mature and become due and payable on the date fixed for such prepayment (which shall be a Business Day), together with interest on such principal amount accrued to such date and the applicable Make-Whole Amount, if any. From and after such
date, unless the Company shall fail to pay such principal amount when so due and payable, together with the interest and Make-Whole Amount, if any, as aforesaid, interest on such principal amount shall cease to accrue. Any Note paid or prepaid in
full shall be surrendered to the Company and cancelled and shall not be reissued, and no Note shall be issued in lieu of any prepaid principal amount of any Note. 
 8.5. Purchase of Notes. 
 The Company will not and will not permit any
Affiliate to purchase, redeem, prepay or otherwise acquire, directly or indirectly, any of the outstanding Notes of either series except (a) upon the payment or prepayment of the Notes in accordance with the terms of this Agreement and the
Notes or (b) pursuant to an offer to purchase made by the Company or an Affiliate pro rata to the holders of all Notes of such series at the time outstanding upon the same terms and conditions. Any such offer shall provide each holder with
sufficient information to enable it to make an informed decision with respect to such offer, and shall remain open for at least 30 Business Days. If the holders of more than 25% of the principal amount of the Notes of such series then outstanding
accept such offer, the Company shall promptly notify the remaining holders of such fact and the expiration date for the acceptance by holders of Notes of such offer shall be extended by the number of days necessary to give each such remaining holder
at least 10 Business Days from its receipt of such notice to accept such offer. The Company will promptly cancel all Notes acquired by it or any Affiliate pursuant to any payment, prepayment or purchase of Notes pursuant to any provision of this
Agreement and no Notes may be issued in substitution or exchange for any such Notes. 
 8.6. Make-Whole Amount.

 “Make-Whole Amount” means, with respect to any Note, an amount equal to the excess, if any, of the
Discounted Value of the Remaining Scheduled Payments with respect to the Called Principal of such Note over the amount of such Called Principal, provided that the Make-Whole Amount may in no event be less than zero. For the purposes of determining
the Make-Whole Amount, the following terms have the following meanings: 
 “Called Principal” means, with
respect to any Note, the principal of such Note that is to be prepaid pursuant to Section 8.2, 8.7 or 8.8 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires. 

  
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 “Discounted Value” means, with respect to the Called Principal of any Note,
the amount obtained by discounting all Remaining Scheduled Payments with respect to such Called Principal from their respective scheduled due dates to the Settlement Date with respect to such Called Principal, in accordance with accepted financial
practice and at a discount factor (applied on the same periodic basis as that on which interest on the Notes is payable) equal to the Reinvestment Yield with respect to such Called Principal. 

“Reinvestment Yield” means, with respect to the Called Principal of any Note, 0.50% over the yield to maturity implied by
(i) the yields reported, as of 10:00 a.m. (New York City time) on the second Business Day preceding the Settlement Date with respect to such Called Principal, on the display designated as “Page PX1” (or such other display as may
replace Page PX1) on the Bloomberg Financial Markets for the most recently issued actively traded on the run U.S. Treasury securities having a maturity equal to the Remaining Average Life of such Called Principal as of such Settlement Date, or
(ii) if such yields are not reported as of such time or the yields reported as of such time are not ascertainable (including by way of interpolation), the Treasury Constant Maturity Series Yields reported, for the latest day for which such
yields have been so reported as of the second Business Day preceding the Settlement Date with respect to such Called Principal, in Federal Reserve Statistical Release H.15 (or any comparable successor publication) for U.S. Treasury securities having
a constant maturity equal to the Remaining Average Life of such Called Principal as of such Settlement Date. 
 In the case of
each determination under clause (i) or clause (ii), as the case may be, of the preceding paragraph, such implied yield will be determined, if necessary, by (a) converting U.S. Treasury bill quotations to bond-equivalent yields in
accordance with accepted financial practice and (b) interpolating linearly between (1) the applicable U.S. Treasury security with the maturity closest to and greater than such Remaining Average Life and (2) the applicable U.S.
Treasury security with the maturity closest to and less than such Remaining Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note. 

“Remaining Average Life” means, with respect to any Called Principal, the number of years (calculated to the nearest
one-twelfth year) obtained by dividing (i) such Called Principal into (ii) the sum of the products obtained by multiplying (a) the principal component of each Remaining Scheduled Payment with respect to such Called Principal by
(b) the number of years (calculated to the nearest one-twelfth year) that will elapse between the Settlement Date with respect to such Called Principal and the scheduled due date of such Remaining Scheduled Payment. 

“Remaining Scheduled Payments” means, with respect to the Called Principal of any Note, all payments of such Called
Principal and interest thereon that would be due after the Settlement Date with respect to such Called Principal if no payment of such Called Principal were made prior to its scheduled due date, provided that if such Settlement Date is not a date on
which interest payments are due to be made under the terms of the Notes, then the amount of the next succeeding scheduled interest payment will be reduced by the amount of interest accrued to such Settlement Date and required to be paid on such
Settlement Date pursuant to Section 8.2 or 8.8 or Section 12.1. 
 “Settlement Date” means, with
respect to the Called Principal of any Note, the date on which such Called Principal is to be prepaid pursuant to Section 8.2 or 8.8 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context
requires. 

  
 20 

 8.7. Change of Control. 

(a) Notice of Change in Control; Conditions to Company Action. 

(i) Unless the Company has exercised its right to prepay all of the Notes pursuant to Section 8.2 and the date fixed for such
prepayment is on or before the last permissible Proposed Prepayment Date (as defined below) for a prepayment pursuant to an offer under this Section 8.7(a)(i), the Company will, within 5 Business Days after a Responsible Officer has knowledge
of the occurrence of a Change in Control, give written notice of such Change in Control to each holder of Notes, unless notice in respect of such Change in Control shall have been given pursuant to subparagraph (ii) of this Section 8.7(a).
If a Change in Control has occurred, such notice shall contain and constitute an offer to prepay the Notes as described in Section 8.7(b). 
 (ii) The Company will not take any action that consummates or finalizes a Change in Control unless at least ten (10) Business Days prior to such action the Company shall have given to each holder of
Notes written notice containing and constituting an offer to prepay such Notes as described in Section 8.7(b), accompanied by the certificate described in Section 8.7(f), and subject to the provisions of clause (c) of this
Section 8.7, substantially contemporaneously with such action, it prepays all Notes required to be prepaid in accordance with this Section 8.7. 
 (b) Offer to Prepay Notes. The offer to prepay the Notes contemplated by paragraph (a)(i) and (ii) of this Section 8.7 shall be an offer to prepay by the Company, in accordance with and
subject to this Section 8.7, all, but not less than all, the Notes held by each holder (in this case only, “holder” in respect of any Note registered in the name of a nominee for a disclosed beneficial owner shall mean such beneficial
owner) on a date specified in such offer (the “Proposed Prepayment Date”) which shall be (i) if the Proposed Prepayment Date is in connection with an offer contemplated by Section 8.7(a)(i), not less than 20 Business Days
and not more than 40 Business Days after the date of such offer (if the Proposed Prepayment Date shall not be specified in such offer, the Proposed Prepayment Date shall be the 20th Business Day after the date of such offer) and (ii) if the Proposed Prepayment Date is in connection with an
offer contemplated by Section 8.7(a)(ii), the effective date of the Change in Control. 
 (c) Acceptance. A holder of
Notes may accept the offer to prepay made pursuant to this Section 8.7 by causing a notice of such acceptance to be delivered to the Company at least five (5) Business Days prior to the Proposed Prepayment Date. A failure by a holder of
Notes to respond to an offer to prepay made pursuant to this Section 8.7 shall be deemed to constitute a rejection of such offer by such holder. 
 (d) Prepayment. Prepayment of the Notes to be prepaid pursuant to this Section 8.7 shall be at 100% of the principal amount of the Notes together with accrued and unpaid interest thereon. The
prepayment shall be made on the Proposed Prepayment Date except as provided in Section 8.7(e). 

  
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 (e) Deferral Pending Change in Control. The obligation of the Company to prepay the
Notes pursuant to the offers required by Section 8.7(a)(ii) and accepted in accordance with subparagraph (c) of this Section 8.7 is subject to the occurrence of the Change in Control in respect of which such offers and acceptances
shall have been made. In the event that such Change in Control has not occurred on or by the Proposed Prepayment Date in respect thereof, the prepayment shall be deferred until and shall be made on the date on which such Change in Control occurs.
The Company shall keep each holder of Notes reasonably and timely informed of (i) any such deferral of the date of prepayment, (ii) the date on which such Change in Control and the prepayment are expected to occur, and (iii) any
determination by the Company that efforts to effect such Change in Control have ceased or been abandoned (in which case the offers and acceptances made pursuant to this Section 8.7 in respect of such Change in Control shall be deemed
rescinded). 
 (f) Officer’s Certificate. Each offer to prepay the Notes pursuant to this Section 8.7 shall be
accompanied by a certificate, executed by a Senior Financial Officer of the Company and dated the date of such offer, specifying: (i) the Proposed Prepayment Date; (ii) that such offer is made pursuant to this Section 8.7;
(iii) the principal amount of each Note offered to be prepaid; (iv) the interest that would be due on each Note offered to be prepaid, accrued to the Proposed Prepayment Date; (v) that the conditions of Section 8.7(a) have been
fulfilled; and (vi) in reasonable detail, the nature and date or proposed date of the Change in Control. 
 (g) Certain
Definitions. “Change in Control” shall mean the occurrence of any of the following events: 

(i) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act)
is or becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 under the Exchange Act ,except that for purposes of this clause such person or group shall be deemed to have “beneficial ownership” of all securities that any such
person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of voting stock representing 35% or more of the voting power of the total outstanding voting stock of
the Company; 
 (ii) on any date individuals who at the beginning of the period commencing two years prior to
such date constituted the Board of Directors of the Company (together with any new directors whose election to the Board of Directors of the Company or whose nomination for election by the shareholders of the Company was approved by a vote of
66-2/3% of the directors of the Company then still in office who were either directors at the beginning of such period or whose election or nomination for election was previously so approved, the “Incumbent Directors”) cease for any
reason to constitute a majority of the Board of Directors of the Company then in office, unless the Incumbent Directors constitute a majority of the Board of Directors of a Surviving Person or Ultimate Parent, as applicable; 

(iii) the Company consolidates with or merges with or into another Person or another Person merges with or into the
Company, or all or substantially all the assets of the Company and the Subsidiaries, taken as a whole, are transferred to another Person, and, in the case of any such merger or consolidation, the securities of the Company that

  
 22 

 
are outstanding immediately prior to such transaction and which represent 100% of the aggregate voting power of the voting stock of the Company are changed into or exchanged for cash, securities
or property, unless pursuant to such transaction such securities are changed into or exchanged for, in addition to any other consideration, securities of the surviving Person (the “Surviving Person”) that represent immediately after
such transaction, at least a majority of the aggregate voting power of the voting stock of the Surviving Person or of the Person of which such Surviving Person is a direct or indirect Wholly Owned Subsidiary (the “Ultimate Parent”);
or 
 (iv) the Company liquidates or dissolves or the stockholders of the Company adopt a plan of liquidation or
dissolution. 
 8.8. Offer to Prepay Notes upon Certain Sales of Assets. 

(a) Notice of Prepayment of other Indebtedness. At least 10 Business Days prior to application by the Company or any Subsidiary of
any net proceeds from any Asset Disposition to be excluded from the limitation and computation contained in Section 10.6(c) pursuant to clause (A)(z) of Section 10.6 to the payment or prepayment of any outstanding Indebtedness of the
Company and its Subsidiaries (other than the Notes), the Company shall give written notice thereof to each holder of the Notes. Such notice shall contain and constitute an offer by the Company to prepay the Notes as described in Section 8.8(b)
and shall be accompanied by the certificate described in Section 8.8(e). 
 (b) Offer to Prepay.
The offer to prepay Notes contemplated by Section 8.8(a) by the Company or any of its Subsidiaries shall be an offer to prepay, in accordance with and subject to this Section 8.8, the Notes held by the holders thereof (in this case only,
“holder” in respect of any Note registered in the name of a nominee for a disclosed beneficial owner shall mean such beneficial owner) on a date specified in such offer (the “Offer Prepayment Date”) which date shall be not
less than 20 Business Days and not more than 40 Business Days after the date of such offer (if the Offer Prepayment Date shall not be specified in such offer, the Offer Prepayment Date shall be the 20th Business Day after the date of such offer), in an aggregate amount
equal to the amount that bears the same proportion to the outstanding principal amount of the Notes as the aggregate amount of all such net proceeds to be applied to the payment or prepayment of Indebtedness (including the Notes) bears to the
aggregate outstanding principal amount of all such Indebtedness. 
 (c) Acceptance; Rejection A holder of Notes may accept
an offer to prepay made to such holder pursuant to this Section 8.8 by causing a notice of such acceptance or rejection to be delivered to the Company prior to the Offer Prepayment Date. A failure by a holder of Notes to so respond to an offer
to prepay shall be deemed to constitute an acceptance of such offer by such holder. 
 (d) Prepayment. Prepayment of the
Notes to be prepaid pursuant to this Section 8.8 shall be in the amount set forth in Section 8.8(b), together with interest on such Notes accrued to the date of prepayment and the Make-Whole Amount, if any, with respect thereto. The
prepayment pursuant to an offer to prepay any Notes shall be made on the Offer Prepayment Date for such offer. 

  
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 (e) Officer’s Certificate. Each offer to prepay Notes pursuant to this
Section 8.8 shall be accompanied by a certificate, executed by a Responsible Officer of the Company and dated the date of such offer, specifying (i) the Offer Prepayment Date for such offer, (ii) that such offer is made pursuant to
Section 8.8, (iii) the principal amount of each Note offered to be prepaid, (iv) the interest that would be due on each Note offered to be prepaid, accrued to the Offer Prepayment Date for such offer, (v) whether or not the
conditions of this Section 8.8 have been fulfilled by the Company, and (vi) in reasonable detail, the nature and date of Asset Disposition giving rise to such offer and the net proceeds received in connection therewith. 

9. AFFIRMATIVE COVENANTS. 
 The Company covenants that so long as any of the Notes are outstanding: 
 9.1.
Compliance with Law. 
 Without limiting Section 10.7, the Company will and will cause each of its Subsidiaries to
comply with all laws, ordinances or governmental rules or regulations to which each of them is subject, including, without limitation, ERISA, the USA Patriot Act, Environmental Laws and the other laws and regulations that are referred to in
Section 5.16, and will obtain and maintain in effect all licenses, certificates, permits, franchises and other governmental authorizations necessary to the ownership of their respective properties or to the conduct of their respective
businesses, in each case to the extent necessary to ensure that non-compliance with such laws, ordinances or governmental rules or regulations or failures to obtain or maintain in effect such licenses, certificates, permits, franchises and other
governmental authorizations would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 
 9.2. Insurance. 
 The Company will and will cause each of its Subsidiaries
to maintain, with financially sound and reputable insurers, insurance with respect to their respective properties and businesses against such casualties and contingencies, of such types, on such terms and in such amounts (including deductibles,
co-insurance and self-insurance, if adequate reserves are maintained with respect thereto) as is customary in the case of entities of established reputations engaged in the same or a similar business and similarly situated. 

9.3. Maintenance of Properties. 
 The Company will and will cause each of its Subsidiaries to maintain and keep, or cause to be maintained and kept, their respective properties in good repair, working order and condition (other than
ordinary wear and tear), so that the business carried on in connection therewith may be properly conducted at all times, provided that this Section shall not prevent the Company or any Subsidiary from discontinuing the operation and the maintenance
of any of its properties if such discontinuance is desirable in the conduct of its business and the Company has concluded that such discontinuance would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

  
 24 

 9.4. Payment of Taxes and Claims. 

The Company will and will cause each of its Subsidiaries to file all income tax or similar tax returns required to be filed in any
jurisdiction and to pay and discharge all taxes shown to be due and payable on such returns and all other taxes, assessments, governmental charges, or levies payable by any of them, to the extent the same have become due and payable and before they
have become delinquent, provided that neither the Company nor any Subsidiary need pay any such tax, assessment, charge or levy if (i) the amount, applicability or validity thereof is contested by the Company or such Subsidiary on a timely basis
in good faith and in appropriate proceedings, and the Company or a Subsidiary has established adequate reserves therefor in accordance with GAAP on the books of the Company or such Subsidiary or (ii) the nonpayment of all such taxes,
assessments, charges and levies in the aggregate would not reasonably be expected to have a Material Adverse Effect. 
 9.5.
Corporate Existence, Etc. 
 Subject to Section 10.5, the Company will at all times preserve and keep in full force and
effect its corporate existence. Subject to Sections 10.5 and 10.6, the Company will at all times preserve and keep in full force and effect the corporate existence of each of its Subsidiaries (unless merged into the Company or a Wholly Owned
Subsidiary) and all rights and franchises of the Company and its Subsidiaries unless, in the good faith judgment of the Company, the termination of or failure to preserve and keep in full force and effect such corporate existence, right or franchise
would not, individually or in the aggregate, have a Material Adverse Effect. 
 9.6. Books and Records. 

The Company will, and will cause each of its Subsidiaries to, maintain proper books of record and account in conformity with GAAP and all
applicable requirements of any Governmental Authority having legal or regulatory jurisdiction over the Company or such Subsidiary, as the case may be. 
 9.7. Subsequent Guarantors. 
 If any Subsidiary of the Company that is not
then party to a Guaranty Agreement (as defined below) at any time Guaranties, or becomes a co-borrower or co-obligor of any Indebtedness of the Company under any Primary Credit Facility, the Company shall cause such Subsidiary at such time to
execute and deliver to the holders of the Notes an agreement (a “Guaranty Agreement”), in the form attached hereto as Exhibit 9.7, under which such Subsidiary shall Guaranty the Company’s obligations under this Agreement and
the Notes, accompanied by a certificate of the Secretary or Assistant Secretary of such Subsidiary certifying such Subsidiary’s charter and by-laws (or comparable governing documents), resolutions of the board of directors (or comparable
governing body) of such Subsidiary authorizing the execution and delivery of such Guaranty Agreement and incumbency and specimen signatures of the officers of such Subsidiary executing such documents and otherwise in form and substance substantially
similar to the certificate delivered with respect to the Company pursuant to Section 4.3(b) on the date of Closing and an opinion of counsel in form and substance substantially similar to the opinion delivered with respect to the Company
pursuant to Section 4.4(a) on the date of Closing. 

  
 25 

 The Guaranty and Guaranty Agreement of any Subsidiary Guarantor shall be automatically and
unconditionally released and discharged if such Subsidiary Guarantor shall have been released from its obligations as a guarantor, co-borrower and/or co-obligor under each Principal Credit Facility giving rise to an obligation to Guaranty this
Agreement and the Notes, provided that (i) no Default or Event of Default exists at the time of such release or would result therefrom and (ii) such Guaranty and Guaranty Agreement shall not be released and discharged if the Company or any
Subsidiary or Affiliate, directly or indirectly, pays or causes to be paid any consideration or remuneration, or gives any other concession, whether by way of supplemental or additional interest, fee or otherwise, to any creditor of the Company or
of any Subsidiary as consideration for or as an inducement to the entering into by any such creditor of any release or discharge of any obligation or other liability of such Subsidiary Guarantor as borrower, obligor, or guarantor under or in respect
of all or any portion of any Primary Credit Facility, unless such consideration, remuneration or concession is concurrently paid or given, on the same terms, ratably to the holders of the Notes. Any release pursuant to the preceding sentence shall
not become effective unless the Company also shall have delivered to the holders of the Notes an Officer’s Certificate certifying as to the satisfaction of each of the conditions of such release as set forth in the preceding sentence.

 9.8. Covenant to Secure Notes Equally. 
 The Company covenants that if it or any Subsidiary shall create or assume any Lien upon any of its property or assets, whether now owned or hereafter acquired, other than Liens permitted by the provisions
of Section 10.4 (unless prior written consent to the creation or assumption thereof shall have been obtained pursuant to Section 17), it will make or cause to be made effective provision whereby the Notes will be secured by such Lien
equally and ratably with any and all other Indebtedness thereby secured so long as any such other Indebtedness shall be so secured; provided that the creation and maintenance of such equal and ratable Lien shall not in any way limit or modify the
right of the holders of the Notes to enforce the provisions of Section 10.4. 
 10. NEGATIVE COVENANTS. 

The Company covenants that so long as any of the Notes are outstanding: 

10.1. Financial Covenants. 
 (a) Consolidated Total Debt. The Company will not permit the ratio of Consolidated Total Debt (as of any date) to Consolidated EBITDA (for the Company’s then most recently completed four
fiscal quarters) to be greater than 3.50 to 1.00 at any time. 
 (b) Fixed Charge Coverage. The Company will not permit,
as of the end of any fiscal quarter, the ratio of (i) Consolidated EBITR to (ii) the sum of Consolidated Interest Expense plus Consolidated Rental Expense (in each case for the Company’s then most recently completed four fiscal
quarters) to be less than 2.00 to 1.00. 
 (c) Consolidated Net Worth. Commencing with the fiscal quarter commencing
May 1, 2013, the Company will not permit, as of the end of any fiscal quarter, its Consolidated Net Worth to be less than (i) $25,000,000 plus (ii) the sum of 25% of Consolidated Net Income, if positive, for each completed fiscal
quarter (measured separately) commencing with the first fiscal quarter ending after November 1, 2010. 

  
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 10.2. Priority Debt. 

The Company will not permit Priority Debt to exceed 20% of Consolidated Net Worth (as of the end of the Company’s then most recently
completed fiscal quarter) at any time. 
 10.3. Indebtedness of Subsidiaries. 

The Company will not at any time permit any Subsidiary, directly or indirectly, to create, incur, assume, guarantee, have outstanding, or
otherwise become or remain directly or indirectly liable for, any Indebtedness other than: 
 (a) Indebtedness
outstanding as of the date of this Agreement that is described on Schedule 10.3 and any extension, renewal, refunding or refinancing thereof, provided that the principal amount outstanding at the time of such extension, renewal, refunding or
refinancing is not increased; 
 (b) Indebtedness owed to the Company or a Wholly Owned Subsidiary; 

(c) Indebtedness of a Subsidiary outstanding at the time of its acquisition by the Company, provided that (i) such
Indebtedness was not incurred in contemplation of becoming a Subsidiary, (ii) at the time of such acquisition and after giving effect thereto, no Default or Event of Default exists or would exist, and (iii) such Indebtedness may not be
extended, renewed, refunded or refinanced except as otherwise permitted herein; 
 (d) Indebtedness of a
Subsidiary under a Primary Credit Facility so long as such Subsidiary is a Subsidiary Guarantor party to an effective Guaranty Agreement; 
 (e) Indebtedness not otherwise permitted by the preceding clauses (a) through (d), provided that immediately before and after giving effect thereto and to the application of the proceeds thereof,

 (i) no Default or Event of Default exists, and 

(ii) Priority Debt does not exceed 20% of Consolidated Net Worth (as of the end of the Company’s then most recently
completed fiscal quarter). 
 10.4. Limitations on Liens. 

The Company will not, and will not permit any Subsidiary to, permit to exist, create, assume or incur, directly or indirectly, any Lien on
its properties or assets, whether now owned or hereafter acquired, except: 
 (a) Liens existing as of the date
of this Agreement that are listed on Schedule 10.4; 

  
 27 

 (b) Liens (i) incidental to the conduct of business or the ownership of
properties and assets (including landlords’, lessors’, carriers’, warehousemen’s, mechanics’, materialmen’s and other similar Liens), which Liens do not in the aggregate materially detract from the value of the assets
of the Company and its Subsidiaries taken as a whole or materially impair the use thereof in the operation of their businesses, and (ii) to secure the performance of bids, tenders, leases or trade contracts, or to secure statutory obligations
(including obligations under workers compensation, unemployment insurance and other social security legislation), surety or appeal bonds or other Liens of like general nature incurred in the ordinary course of business and not in connection with the
borrowing of money; 
 (c) leases or subleases granted to others, easements, rights-of-way, restrictions and
other similar charges or encumbrances, in each case incidental to, and not interfering with, the ordinary conduct of the business of the Company or any of its Subsidiaries, provided that such Liens do not, in the aggregate, materially detract from
the value of such property; 
 (d) Liens (i) existing on property at the time of its acquisition or
construction by the Company or a Subsidiary and not created in contemplation thereof, whether or not the Indebtedness secured by such Lien is assumed by the Company or a Subsidiary; or (ii) on property created contemporaneously or within 180
days of the acquisition or completion of construction or improvement thereof to secure or provide for all or a portion of the purchase price or cost of construction or improvement of such property after the date of this Agreement; or
(iii) existing on property of a Person at the time such Person is merged or consolidated with, or becomes a Subsidiary of, or substantially all of its assets are acquired by, the Company or a Subsidiary and not created in contemplation thereof;
provided that in the case of clauses (i), (ii) and (iii) such Liens do not extend to additional property of the Company or any Subsidiary (other than property that is an improvement to or is acquired for specific use in connection with the
subject property) and the aggregate principal amount of Indebtedness secured by each such Lien does not exceed the fair market value (determined in good faith by the board of directors of the Company); 

(e) Liens for taxes, assessments or governmental charges not then due and delinquent or the nonpayment of which is
permitted by Section 9.4; 
 (f) any attachment or judgment Lien, unless the judgment it secures shall not,
within 60 days after the entry thereof, have been discharged or execution thereof stayed pending appeal, or shall not have been discharged within 60 days after the expiration of any such stay; 

(g) the extension, renewal or replacement of any Lien permitted by Sections 10.4(a) and (d), provided that (i) there
is no increase in the principal amount or decrease in maturity of the Indebtedness secured thereby at the time of such extension, renewal or replacement, and (ii) any new Lien attaches only to the same property theretofore subject to such
earlier Lien; 

  
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 (h) Liens securing Indebtedness of a Subsidiary to the Company or another
Wholly Owned Subsidiary; and 
 (i) in addition to the Liens permitted by paragraphs (a) through (h) of
this Section 10.4, Liens securing Indebtedness of the Company or a Subsidiary that is not otherwise permitted to be outstanding pursuant to paragraphs (a) through (h), provided that (A) Priority Debt does not at any time exceed 20% of
Consolidated Net Worth, and (B) no Lien permitted under this clause (i) shall secure any Indebtedness outstanding under any Primary Credit Facility unless (1) the Company or such Subsidiary has made or will make effective provision
whereby the Company’s obligations under this Agreement and the Notes or the applicable Subsidiary Guarantee will be secured by an equal and ratable Lien pursuant to documents, including an intercreditor agreement, in form and substance
satisfactory to the Required Holders, and (2) if the Lien is granted by a Subsidiary, such Subsidiary is a Subsidiary Guarantor party to an effective Guaranty Agreement. 
 10.5. Merger, Consolidation, Etc. 
 The Company will not, and will not
permit any Subsidiary to, consolidate with or merge with any other Person or convey, transfer, sell or lease all or substantially all of its assets in a single transaction or series of transactions to any Person except that: 

(a) the Company may consolidate or merge with any other Person or convey, transfer, sell or lease all or substantially all
of its assets in a single transaction or series of transactions to any Person, provided that: 
 (i) the
successor formed by such consolidation or the survivor of such merger or the Person that acquires by conveyance, transfer, sale or lease all or substantially all of the assets of the Company as an entirety, as the case may be, is a solvent
corporation or limited liability company organized and existing under the laws of the United States or any State thereof (including the District of Columbia), and, if the Company is not such corporation or limited liability company, such corporation
or limited liability company (y) shall have executed and delivered to each holder of any Notes its assumption of the due and punctual performance and observance of each covenant and condition of this Agreement and the Notes and (z) shall
have caused to be delivered to each holder of any Notes an opinion of independent counsel reasonably satisfactory to the Required Holders, to the effect that all agreements or instruments effecting such assumption are enforceable in accordance with
their terms and comply with the terms hereof; 
 (ii) immediately after giving effect to such transaction, the
successor formed by such consolidation or the survivor of such merger or the Person that acquires by conveyance, transfer, sale or lease all or substantially all of the assets of the Company as an entirety, as the case may be, could incur $1.00 of
additional Indebtedness; and 

  
 29 

 (iii) immediately after giving effect to such transaction, no Default or
Event of Default shall exist; and 
 (b) Any Subsidiary may (x) merge into the Company (provided that the
Company is the surviving corporation) or another Wholly Owned Subsidiary or (y) sell, transfer or lease all or any part of its assets to the Company or another Wholly Owned Subsidiary, or (z) merge or consolidate with, or sell, transfer or
lease all or substantially all of its assets to, any Person in a transaction that is permitted by Section 10.6 or, as a result of which, such Person becomes a Subsidiary; provided in each instance set forth in clauses (x) through
(z) that, immediately before and after giving effect thereto, there shall exist no Default or Event of Default; 
 No such conveyance,
transfer or lease of substantially all of the assets of the Company shall have the effect of releasing the Company or any successor corporation or limited liability company that shall theretofore have become such in the manner prescribed in this
Section 10.5 from its liability under this Agreement or the Notes. 
 10.6. Sale of Assets. 

Except as permitted by Section 10.5 hereof, the Company will not, and will not permit any Subsidiary to, make any Asset Disposition
unless: 
 (a) in the good faith opinion of the Company, the Asset Disposition is in exchange for consideration
having a fair market value at least equal to that of the property exchanged or is otherwise in the best interest of the Company or such Subsidiary; 
 (b) immediately before and after giving effect to the Asset Disposition, no Default or Event of Default would exist; and 

(c) immediately after giving effect to the Asset Disposition, the aggregate net book value of all Asset Dispositions
(i) in any fiscal year would not exceed 15% of Consolidated Total Assets as of the end of the then most recently completed full fiscal year of the Company and (ii) after August 9, 2010 would not exceed 50% of Consolidated Total Assets
as of the end of the fiscal year ended April 30, 2010. 
 Notwithstanding the foregoing, the Company may, and may permit any Subsidiary to,
make an Asset Disposition and the assets subject to such Asset Disposition shall not be subject to or included in the foregoing limitation and computation contained in clause (c) of the preceding sentence to the extent that (A) the net
proceeds from such Asset Disposition are within 365 days of such Asset Disposition (x) reinvested or committed pursuant to a written agreement to be reinvested in productive assets of a similar nature of at least equivalent value by the Company
or a Subsidiary, (y) applied to the payment or prepayment of any outstanding Indebtedness permitted hereunder of the Company or its Subsidiaries which is secured by a Lien permitted hereunder on the assets subject to such Asset Disposition or
(z) applied to the payment or prepayment of the Notes or any other outstanding Indebtedness of the Company and its Subsidiaries that is not subordinated to the Notes (other than Indebtedness owing to the Company, any Subsidiary or any
Affiliate), provided that (i) if any such Indebtedness permits 

  
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reborrowing by the Company or such Subsidiary, the commitment to relend is permanently reduced by the amount of such payment, and (ii) if any such proceeds are to be applied to the payment
or prepayment of any such other Indebtedness, the Company shall have offered to prepay the Notes on a pro rata basis in accordance with Section 8.8, and (B) after giving effect to such Asset Disposition no Default or Event of
Default would exist. Any prepayment of Notes pursuant to this Section 10.6 shall be in accordance with Section 8.2 or, if applicable, Section 8.8. 
 10.7. Terrorism Sanctions Regulations. 
 The Company will not and will not
permit any Controlled Entity (a) to become (including by virtue of being owned or controlled by a Blocked Person), own or control a Blocked Person or any Person that is the target of sanctions imposed by the United Nations or by the European
Union, or (b) directly or indirectly to have any investment in or engage in any dealing or transaction (including, without limitation, any investment, dealing or transaction involving the proceeds of the Notes) with any Person if such
investment, dealing or transaction (i) would cause any holder to be in violation of any law or regulation applicable to such holder, or (ii) is prohibited by or subject to sanctions under any U.S. Economic Sanctions, or (c) to engage,
nor shall any Affiliate of either engage, in any activity that could subject such Person or any holder to sanctions under CISADA or any similar law or regulation with respect to Iran or any other country that is subject to U.S. Economic Sanctions.

 10.8. Nature of Business. 
 The Company will not, and will not permit any Subsidiary to, engage in any business if, as a result thereof, the general nature of the business in which the Company and its Subsidiaries, taken as a whole,
would then be engaged, would be substantially changed from the general nature of the business in which the Company is engaged on the date of this Agreement. 
 10.9. Transactions with Affiliates. 
 The Company will not and will not
permit any Subsidiary to enter into directly or indirectly any transaction or group of related transactions (including the purchase, lease, sale or exchange of properties of any kind or the rendering of any service) with any Affiliate (other than
the Company or another Subsidiary), except in the ordinary course and pursuant to the reasonable requirements of the Company’s or such Subsidiary’s business and upon fair and reasonable terms no less favorable to the Company or such
Subsidiary than would be obtainable in a comparable arm’s-length transaction with a Person not an Affiliate. 
 11.
EVENTS OF DEFAULT. 
 An “Event of Default” shall exist if any of the following conditions or events shall occur
and be continuing: 
 (a) the Company defaults in the payment of any principal of, or Make-Whole Amount, if any,
on any Note when the same becomes due and payable, whether at maturity or at a date fixed for prepayment or by declaration or otherwise; or 

  
 31 

 (b) the Company defaults in the payment of any interest on any Note for more
than five Business Days after the same becomes due and payable; or 
 (c) the Company defaults in the performance
of or compliance with any term contained in Section 7.1(d), Section 8.7, Section 8.8 or Sections 10.1 through 10.9; or 
 (d) (i) the Company defaults in the performance of or compliance with any term contained herein (other than those referred to in Sections 11(a), (b) and (c)) and such default is not remedied within
30 days after the earlier of (x) a Responsible Officer obtaining actual knowledge of such default and (y) the Company receiving written notice of such default from any holder of a Note, or (ii) any Guarantor fails to perform or
observe any agreement contained in the Guaranty Agreement to which it is a party and such failure shall not be remedied within 30 days after the earlier of (x) a Responsible Officer obtaining actual knowledge thereof and (y) the Company
receiving written notice of such failure from any holder of a Note); or 
 (e) any representation or warranty
made in writing by or on behalf of the Company or any Guarantor or by any officer of the Company or any Guarantor in this Agreement, any Guaranty Agreement or in any writing furnished in connection with the transactions contemplated hereby or by any
Guaranty Agreement proves to have been false or incorrect in any material respect on the date as of which made; or 
 (f)  (i) the Company or any Significant Subsidiary is in default (as principal or as guarantor or other surety) in the payment of any principal of or premium or make-whole amount or interest on
any Indebtedness that is outstanding in an aggregate principal amount of at least $35,000,000 beyond any period of grace provided with respect thereto, (ii) the Company or any Significant Subsidiary is in default in the performance of or
compliance with any term of any evidence of any Indebtedness in an aggregate outstanding principal amount of at least $35,000,000 or of any mortgage, indenture or other agreement relating thereto or any other condition exists, and as a consequence
of such default or condition such Indebtedness has become, or has been declared (or one or more Persons are entitled to declare such Indebtedness to be), due and payable before its stated maturity or before its regularly scheduled dates of payment,
or (iii) as a consequence of the occurrence or continuation of any event or condition (other than the passage of time or the right of the holder of Indebtedness to convert such Indebtedness into equity interests), (x) the Company or any
Significant Subsidiary has become obligated to purchase or repay Indebtedness before its regular maturity or before its regularly scheduled dates of payment in an aggregate outstanding principal amount of at least $35,000,000, or (y) one or
more Persons have the right to require the Company or any Significant Subsidiary so to purchase or repay such Indebtedness (excluding a right to require the repayment or purchase of Indebtedness arising solely from an event with respect to which the
holders have received, or will receive, an offer to prepay the Notes pursuant to Section 8.7, where the terms of such other Indebtedness expressly provide that the Company or such Significant Subsidiary are not obligated to purchase or prepay
any portion of such Indebtedness as a result of such event or condition until after the Company has complied with its obligation as a result of such event or condition to offer to purchase the Notes pursuant to Section 8.7 and consummated the
prepayment of each Note for which such offer has been accepted); or 

  
 32 

 (g) the Company or any Significant Subsidiary (i) is generally not
paying, or admits in writing its inability to pay, its debts as they become due, (ii) files, or consents by answer or otherwise to the filing against it or, a petition for relief or reorganization or arrangement or any other petition in
bankruptcy, for liquidation or to take advantage of any bankruptcy, insolvency, reorganization, moratorium or other similar law of any jurisdiction, (iii) makes an assignment for the benefit of its creditors, (iv) consents to the
appointment of a custodian, receiver, trustee or other officer with similar powers with respect to it or with respect to any substantial part of its property, (v) is adjudicated as insolvent or to be liquidated, or (vi) takes corporate
action for the purpose of any of the foregoing; or 
 (h) a court or Governmental Authority of competent
jurisdiction enters an order appointing, without consent by the Company or any of its Significant Subsidiaries, a custodian, receiver, trustee or other officer with similar powers with respect to it or with respect to any substantial part of its
property, or constituting an order for relief or approving a petition for relief or reorganization or any other petition in bankruptcy or for liquidation or to take advantage of any bankruptcy or insolvency law of any jurisdiction, or ordering the
dissolution, winding-up or liquidation of the Company or any of its Significant Subsidiaries, or any such petition shall be filed against the Company or any of its Significant Subsidiaries and such petition shall not be dismissed within 60 days; or

 (i) a final judgment or judgments for the payment of money aggregating in excess of $25,000,000 are rendered
against one or more of the Company and its Significant Subsidiaries and which judgments are not, within 60 days after entry thereof, bonded, discharged or stayed pending appeal, or are not discharged within 60 days after the expiration of such stay;
or 
 (j)  (i) any Plan shall fail to satisfy the minimum funding standards of ERISA or the Code
for any plan year or part thereof or a waiver of such standards or extension of any amortization period is sought or granted under section 412 of the Code, (ii) a notice of intent to terminate any Plan shall have been or is reasonably expected
to be filed with the PBGC or the PBGC shall have instituted proceedings under ERISA section 4042 to terminate or appoint a trustee to administer any Plan or the PBGC shall have notified the Company or any ERISA Affiliate that a Plan may become a
subject of any such proceedings, (iii) the aggregate “amount of unfunded benefit liabilities” (within the meaning of section 4001(a)(18) of ERISA) under all Plans, determined in accordance with Title IV of ERISA, shall exceed
$25,000,000, (iv) the Company or any ERISA Affiliate shall have incurred or is reasonably expected to incur any liability pursuant to Title I or IV of ERISA or the penalty or excise tax provisions of the Code relating to employee benefit plans,
(v) the Company or any ERISA Affiliate withdraws from any Multiemployer Plan, or (vi) the Company or any Subsidiary establishes or amends any employee welfare benefit plan that provides post-employment welfare benefits in a manner that
would increase the liability of the Company or any Subsidiary thereunder; and any such event or events described in clauses (i) through (vi) above, either individually or together with any other such event or events, would reasonably be
expected to have a Material Adverse Effect; or 

  
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 (k) any Guaranty Agreement shall cease to be in full force and effect, or
the Company or any Guarantor shall contest or deny the validity or enforceability of, or deny that it has any liability or obligations under, any Guaranty Agreement. 
 As used in Section 11(j), the terms “employee benefit plan” and “employee welfare benefit plan” shall have the respective meanings assigned to such terms in section 3 of ERISA.

 12. REMEDIES ON DEFAULT, ETC. 
 12.1. Acceleration. 
 (a) If an Event of Default with respect to the Company
described in Section 11(g) or (h) (other than an Event of Default described in clause (i) of Section 11(g) or described in clause (vi) of Section 11(g) by virtue of the fact that such clause encompasses clause
(i) of Section 11(g)) has occurred, all the Notes then outstanding shall automatically become immediately due and payable. 
 (b) If any other Event of Default has occurred and is continuing, the Required Holders may at any time at its or their option, by notice or notices to the Company, declare all the Notes then outstanding
to be immediately due and payable. 
 (c) If any Event of Default described in Section 11(a) or (b) of Section 11
has occurred and is continuing, any holder or holders of Notes at the time outstanding affected by such Event of Default may at any time, at its or their option, by notice or notices to the Company, declare all the Notes held by it or them to be
immediately due and payable. 
 Upon any Notes becoming due and payable under this Section 12.1, whether automatically or by
declaration, such Notes will forthwith mature and the entire unpaid principal amount of such Notes, plus (x) all accrued and unpaid interest thereon (including, but not limited to, interest accrued thereon at the Default Rate) and (y) the
Make-Whole Amount determined in respect of such principal amount (to the full extent permitted by applicable law), shall all be immediately due and payable, in each and every case without presentment, demand, protest or further notice, all of which
are hereby waived. The Company acknowledges, and the parties hereto agree, that each holder of a Note has the right to maintain its investment in the Notes free from repayment by the Company (except as herein specifically provided for) and that the
provision for payment of a Make-Whole Amount by the Company in the event that the Notes are prepaid or are accelerated as a result of an Event of Default, is intended to provide compensation for the deprivation of such right under such
circumstances. 
 12.2. Other Remedies. 
 If any Default or Event of Default has occurred and is continuing, and irrespective of whether any Notes have become or have been declared immediately due and payable under Section 12.1, the holder
of any Note at the time outstanding may proceed to protect and enforce the rights of such holder by an action at law, suit in equity or other appropriate proceeding, whether for the specific performance of any agreement contained herein or in any
Note, or for an injunction against a violation of any of the terms hereof or thereof, or in aid of the exercise of any power granted hereby or thereby or by law or otherwise. 

  
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 12.3. Rescission. 

At any time after any Notes have been declared due and payable pursuant to Section 12.1(b) or (c), the Required Holders, by written
notice to the Company, may rescind and annul any such declaration and its consequences if (a) the Company has paid all overdue interest on the Notes, all principal of and Make-Whole Amount, if any, on any Notes that are due and payable and are
unpaid other than by reason of such declaration, and all interest on such overdue principal and Make-Whole Amount, if any, and (to the extent permitted by applicable law) any overdue interest in respect of the Notes, at the Default Rate,
(b) neither the Company nor any other Person shall have paid any amounts that have become due solely by reason of such declaration, (c) all Events of Default and Defaults, other than non-payment of amounts that have become due solely by
reason of such declaration, have been cured or have been waived pursuant to Section 17, and (d) no judgment or decree has been entered for the payment of any monies due pursuant hereto or to the Notes. No rescission and annulment under
this Section 12.3 will extend to or affect any subsequent Event of Default or Default or impair any right consequent thereon. 
 12.4. No Waivers or Election of Remedies, Expenses, Etc. 
 No course of
dealing and no delay on the part of any holder of any Note in exercising any right, power or remedy shall operate as a waiver thereof or otherwise prejudice such holder’s rights, powers or remedies. No right, power or remedy conferred by this
Agreement or by any Note upon any holder thereof shall be exclusive of any other right, power or remedy referred to herein or therein or now or hereafter available at law, in equity, by statute or otherwise. Without limiting the obligations of the
Company under Section 15, the Company will pay to the holder of each Note on demand such further amount as shall be sufficient to cover all costs and expenses of such holder incurred in any enforcement or collection under this Section 12,
including, without limitation, reasonable attorneys’ fees, expenses and disbursements. 
 13. REGISTRATION; EXCHANGE;
SUBSTITUTION OF NOTES. 
 13.1. Registration of Notes. 

The Company shall keep at its principal executive office a register for the registration and registration of transfers of Notes. The name
and address of each holder of one or more Notes, each transfer thereof and the name and address of each transferee of one or more Notes shall be registered in such register. Prior to due presentment for registration of transfer, the Person in whose
name any Note shall be registered shall be deemed and treated as the owner and holder thereof for all purposes hereof, and the Company shall not be affected by any notice or knowledge to the contrary. The Company shall give to any holder of a Note
that is an Institutional Investor promptly upon request therefor, a complete and correct copy of the names and addresses of all registered holders of Notes. 

  
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 13.2. Transfer and Exchange of Notes. 

Upon surrender of any Note to the Company at the address and to the attention of the designated officer (all as specified in
Section 18(iii)) for registration of transfer or exchange (and in the case of a surrender for registration of transfer accompanied by a written instrument of transfer duly executed by the registered holder of such Note or such holder’s
attorney duly authorized in writing and accompanied by the relevant name, address and other information for notices of each transferee of such Note or part thereof), within 10 Business Days thereafter, the Company shall execute and deliver, at the
Company’s expense (except as provided below), one or more new Notes (as requested by the holder thereof) in exchange therefor, in an aggregate principal amount equal to the unpaid principal amount of the surrendered Note. Each such new Note
shall be payable to such Person as such holder may request and shall be substantially in the form of Exhibit 1(a) or Exhibit 1(b), as applicable. Each such new Note shall be dated and bear interest from the date to which interest shall have been
paid on the surrendered Note or dated the date of the surrendered Note if no interest shall have been paid thereon. The Company may require payment of a sum sufficient to cover any stamp tax or governmental charge imposed in respect of any such
transfer of Notes. Notes shall not be transferred in denominations of less than $250,000, provided that if necessary to enable the registration of transfer by a holder of its entire holding of Notes of either series, one Note may be in a
denomination of less than $250,000. Any transferee, by its acceptance of a Note registered in its name (or the name of its nominee), shall be deemed to have made the representation set forth in Section 6.2. 

13.3. Replacement of Notes. 
 Upon receipt by the Company at the address and to the attention of the designated officer (all as specified in Section 18(iii)) of evidence reasonably satisfactory to it of the ownership of and the
loss, theft, destruction or mutilation of any Note (which evidence shall be, in the case of an Institutional Investor, notice from such Institutional Investor of such ownership and such loss, theft, destruction or mutilation), and 

(a) in the case of loss, theft or destruction, of indemnity reasonably satisfactory to it (provided that if the holder of
such Note is, or is a nominee for, an original Purchaser or another holder of a Note with a minimum net worth of at least $50,000,000 or a Qualified Institutional Buyer, such Person’s own unsecured agreement of indemnity shall be deemed to be
satisfactory), or 
 (b) in the case of mutilation, upon surrender and cancellation thereof, 

within 10 Business Days thereafter, the Company at its own expense shall execute and deliver, in lieu thereof, a new Note, dated and bearing interest from
the date to which interest shall have been paid on such lost, stolen, destroyed or mutilated Note or dated the date of such lost, stolen, destroyed or mutilated Note if no interest shall have been paid thereon. 

14. PAYMENTS ON NOTES. 
 14.1. Place of Payment. 
 Subject to Section 14.2, payments of
principal, Make-Whole Amount, if any, and interest becoming due and payable on the Notes shall be made in Chicago, Illinois, at the principal office of JPMorgan Chase Bank, N.A. in such jurisdiction. The Company may at any time, by notice to each
holder of a Note, change the place of payment of the Notes so long as such place of payment shall be either the principal office of the Company in such jurisdiction or the principal office of a bank or trust company in such jurisdiction. 

  
 36 

 14.2. Home Office Payment. 

So long as any Purchaser or its nominee shall be the holder of any Note, and notwithstanding anything contained in Section 14.1 or in
such Note to the contrary, the Company will pay all sums becoming due on such Note for principal, Make-Whole Amount, if any, and interest by the method and at the address specified for such purpose below such Purchaser’s name in Schedule A, or
by such other method or at such other address as such Purchaser shall have from time to time specified to the Company in writing for such purpose, without the presentation or surrender of such Note or the making of any notation thereon, except that
upon written request of the Company made concurrently with or reasonably promptly after payment or prepayment in full of any Note, such Purchaser shall surrender such Note for cancellation, reasonably promptly after any such request, to the Company
at its principal executive office or at the place of payment most recently designated by the Company pursuant to Section 14.1. Prior to any sale or other disposition of any Note held by a Purchaser or its nominee, such Purchaser will at its
election, either endorse thereon the amount of principal paid thereon and the last date to which interest has been paid thereon or surrender such Note to the Company in exchange for a new Note or Notes pursuant to Section 13.2. The Company will
afford the benefits of this Section 14.2 to any Institutional Investor that is the direct or indirect transferee of any Note purchased by a Purchaser under this Agreement and that has made the same agreement relating to such Note as the
Purchasers have made in this Section 14.2. 
 15. EXPENSES, ETC. 

15.1. Transaction Expenses. 
 Whether or not the transactions contemplated hereby are consummated, the Company will pay all costs and expenses (including reasonable attorneys’ fees of a special counsel and, if reasonably required
by the Required Holders, local or other counsel) incurred by the Purchasers and each other holder of a Note in connection with such transactions and in connection with any amendments, waivers or consents under or in respect of this Agreement, any
Guaranty Agreement or the Notes (whether or not such amendment, waiver or consent becomes effective), without limitation: (a) the costs and expenses incurred in enforcing or defending (or determining whether or how to enforce or defend) any
rights under this Agreement, any Guaranty Agreement or the Notes or in responding to any subpoena or other legal process or informal investigative demand issued in connection with this Agreement, any Guaranty Agreement or the Notes, or by reason of
being a holder of any Note, (b) the costs and expenses, including financial advisors’ fees, incurred in connection with the insolvency or bankruptcy of the Company or any Subsidiary or in connection with any work-out or restructuring of
the transactions contemplated hereby and by the Notes and any Guaranty Agreement and (c) the costs and expenses incurred in connection with the initial filing of this Agreement and all related documents and financial information with the SVO
provided, that such costs and expenses under this clause (c) shall not exceed $5,000. The Company will pay, and will save each Purchaser and each other holder of a Note harmless from, (i) all claims in respect of any fees, costs or
expenses, 

  
 37 

 
if any, of brokers and finders (other than those, if any, retained by a Purchaser or other holder in connection with its purchase of the Notes) and (ii) any and all wire transfer fees that
any bank deducts from any payment under such Note to such holder or otherwise charges to a holder of a Note with respect to a payment under such Note. 
 15.2. Survival. 
 The obligations of the Company under this Section 15
will survive the payment or transfer of any Note, the enforcement, amendment or waiver of any provision of this Agreement or the Notes, and the termination of this Agreement. 
 16. SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT. 
 All
representations and warranties contained herein shall survive the execution and delivery of this Agreement and the Notes, the purchase or transfer by any Purchaser of any Note or portion thereof or interest therein and the payment of any Note, and
may be relied upon by any subsequent holder of a Note, regardless of any investigation made at any time by or on behalf of such Purchaser or any other holder of a Note. All statements contained in any certificate or other instrument delivered by or
on behalf of the Company pursuant to this Agreement shall be deemed representations and warranties of the Company under this Agreement. Subject to the preceding sentence, this Agreement and the Notes embody the entire agreement and understanding
between each Purchaser and the Company and supersede all prior agreements and understandings relating to the subject matter hereof. 
 17. AMENDMENT AND WAIVER. 
 17.1. Requirements. 

This Agreement and the Notes may be amended, and the observance of any term hereof or of the Notes may be waived (either retroactively or
prospectively), with (and only with) the written consent of the Company and the Required Holders, except that (a) no amendment or waiver of any of the provisions of Section 1, 2, 3, 4, 5, 6 or 21 hereof, or any defined term (as it is used
therein), will be effective as to any Purchaser unless consented to by such Purchaser in writing, and (b) no such amendment or waiver may, without the written consent of the holder of each Note at the time outstanding affected thereby,
(i) subject to the provisions of Section 12 relating to acceleration or rescission, change the amount or time of any prepayment or payment of principal of, or reduce the rate or change the time of payment or method of computation of
interest or of the Make-Whole Amount on, the Notes, (ii) change the percentage of the principal amount of the Notes the holders of which are required to consent to any such amendment or waiver, or (iii) amend any of Sections 8, 11(a),
11(b), 12, 17 or 20. 
 17.2. Solicitation of Holders of Notes. 

(a) Solicitation. The Company will provide each holder of the Notes (irrespective of the amount of Notes then owned by it) with
sufficient information, sufficiently far in advance of the date a decision is required, to enable such holder to make an informed and considered decision with respect to any proposed amendment, waiver or consent in respect of

  
 38 

 
any of the provisions hereof or of the Notes. The Company will deliver executed or true and correct copies of each amendment, waiver or consent effected pursuant to the provisions of this
Section 17 to each holder of outstanding Notes promptly following the date on which it is executed and delivered by, or receives the consent or approval of, the requisite holders of Notes. 

(b) Payment. The Company will not directly or indirectly pay or cause to be paid any remuneration, whether by way of supplemental
or additional interest, fee or otherwise, or grant any security or provide other credit support, to any holder of Notes as consideration for or as an inducement to the entering into by any holder of Notes or any waiver or amendment of any of the
terms and provisions hereof unless such remuneration is concurrently paid, or security is concurrently granted or other credit support concurrently provided, on the same terms, ratably to each holder of Notes then outstanding even if such holder did
not consent to such waiver or amendment. 
 (c) Consent in Contemplation of Transfer. Any consent made pursuant to this
Section 17.2 by the holder of any Note that has transferred or has agreed to transfer such Note to the Company, any Subsidiary or any Affiliate of the Company and has provided or has agreed to provide such written consent as a condition to such
transfer shall be void and of no force or effect except solely as to such holder, and any amendments effected or waivers granted or to be effected or granted that would not have been or would not be so effected or granted but for such consent (and
the consents of all other holders of Notes that were acquired under the same or similar conditions) shall be void and of no force or effect except solely as to such transferring holder. 

17.3. Binding Effect, Etc. 
 Any amendment or waiver consented to as provided in this Section 17 applies equally to all holders of Notes and is binding upon them and upon each future holder of any Note and upon the Company
without regard to whether such Note has been marked to indicate such amendment or waiver. No such amendment or waiver will extend to or affect any obligation, covenant, agreement, Default or Event of Default not expressly amended or waived or impair
any right consequent thereon. No course of dealing between the Company and the holder of any Note nor any delay in exercising any rights hereunder or under any Note shall operate as a waiver of any rights of any holder of such Note. As used herein,
the term “this Agreement” and references thereto shall mean this Agreement as it may from time to time be amended or supplemented. 
 17.4. Notes held by Company, Etc. 
 Solely for the purpose of determining
whether the holders of the requisite percentage of the aggregate principal amount of Notes then outstanding approved or consented to any amendment, waiver or consent to be given under this Agreement or the Notes, or have directed the taking of any
action provided herein or in the Notes to be taken upon the direction of the holders of a specified percentage of the aggregate principal amount of Notes then outstanding, Notes directly or indirectly owned by the Company or any of its Affiliates
shall be deemed not to be outstanding. 

  
 39 

 18. NOTICES. 
 All notices and communications provided for hereunder shall be in writing and sent (a) by telecopy if the sender on the same day sends a confirming copy of such notice by a recognized overnight
delivery service (charges prepaid), or (b) by registered or certified mail with return receipt requested (postage prepaid), or (c) by a recognized overnight delivery service (with charges prepaid). Any such notice must be sent: 

(i) if to any Purchaser or its nominee, to such Purchaser or nominee at the address specified for such communications in
Schedule A, or at such other address as such Purchaser or nominee shall have specified to the Company in writing, 
 (ii) if to any other holder of any Note, to such holder at such address as such other holder shall have specified to the Company in writing, or 

(iii) if to the Company, to the Company at its address set forth at the beginning hereof to the attention of the Chief
Financial Officer, with a separate copy being sent to the attention of the Corporate Counsel, or at such other address or to such other officers as the Company shall have specified to the holder of each Note in writing. 

Notices under this Section 18 will be deemed given only when actually received. 

19. REPRODUCTION OF DOCUMENTS. 
 This Agreement and all documents relating thereto, including, without limitation, (a) consents, waivers and modifications that may hereafter be executed, (b) documents received by any Purchaser
at the Closings (except the Notes themselves), and (c) financial statements, certificates and other information previously or hereafter furnished to any Purchaser, may be reproduced by such Purchaser by any photographic, photostatic,
electronic, digital, or other similar process and such Purchaser may destroy any original document so reproduced. The Company agrees and stipulates that, to the extent permitted by applicable law, any such reproduction shall be admissible in
evidence as the original itself in any judicial or administrative proceeding (whether or not the original is in existence and whether or not such reproduction was made by such Purchaser in the regular course of business) and any enlargement,
facsimile or further reproduction of such reproduction shall likewise be admissible in evidence. This Section 19 shall not prohibit the Company or any other holder of Notes from contesting any such reproduction to the same extent that it could
contest the original, or from introducing evidence to demonstrate the inaccuracy of any such reproduction. 
 20.
CONFIDENTIAL INFORMATION. 
 For the purposes of this Section 20, “Confidential Information” means information
delivered to any Purchaser by or on behalf of the Company or any Subsidiary in connection with the transactions contemplated by or otherwise pursuant to this Agreement that is proprietary in nature and that was clearly marked or labeled or otherwise
adequately identified in writing when received by such Purchaser as being confidential information of the Company or 

  
 40 

 
such Subsidiary, provided that such term does not include information that (a) was publicly known or otherwise known to such Purchaser prior to the time of such disclosure,
(b) subsequently becomes publicly known through no act or omission by such Purchaser or any person acting on such Purchaser’s behalf, (c) otherwise becomes known to such Purchaser other than through disclosure by the Company or any
Subsidiary or (d) constitutes financial statements delivered to such Purchaser under Section 7.1 that are otherwise publicly available. Each Purchaser will maintain the confidentiality of such Confidential Information in accordance with
procedures adopted by such Purchaser in good faith to protect confidential information of third parties delivered to such Purchaser, provided that such Purchaser may deliver or disclose Confidential Information to (i) its directors, trustees,
officers, employees, agents, attorneys and affiliates (to the extent such disclosure reasonably relates to the administration of the investment represented by its Notes), (ii) its financial advisors and other professional advisors who agree to
hold confidential the Confidential Information substantially in accordance with the terms of this Section 20, (iii) any other holder of any Note, (iv) any Institutional Investor to which it sells or offers to sell such Note or any
part thereof or any participation therein (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound by the provisions of this Section 20), (v) any Person from which it offers to purchase any
security of the Company (if such Person has agreed in writing prior to its receipt of such Confidential Information to be bound by the provisions of this Section 20), (vi) any federal or state regulatory authority having jurisdiction over
such Purchaser, (vii) the NAIC or the SVO or, in each case, any similar organization, or any nationally recognized rating agency that requires access to information about such Purchaser’s investment portfolio, or (viii) any other
Person to which such delivery or disclosure may be necessary or appropriate (w) to effect compliance with any law, rule, regulation or order applicable to such Purchaser, (x) in response to any subpoena or other legal process, (y) in
connection with any litigation to which such Purchaser is a party or (z) if an Event of Default has occurred and is continuing, to the extent such Purchaser may reasonably determine such delivery and disclosure to be necessary or appropriate in
the enforcement or for the protection of the rights and remedies under such Purchaser’s Notes and this Agreement. Each holder of a Note, by its acceptance of a Note, will be deemed to have agreed to be bound by and to be entitled to the
benefits of this Section 20 as though it were a party to this Agreement. On reasonable request by the Company in connection with the delivery to any holder of a Note of information required to be delivered to such holder under this Agreement or
requested by such holder (other than a holder that is a party to this Agreement or its nominee), such holder will enter into an agreement with the Company embodying the provisions of this Section 20. 

21. SUBSTITUTION OF PURCHASER. 
 Each Purchaser shall have the right to substitute any one of its Affiliates as the purchaser of the Notes that it has agreed to purchase hereunder, by written notice to the Company, which notice shall be
signed by both such Purchaser and such Affiliate, shall contain such Affiliate’s agreement to be bound by this Agreement and shall contain a confirmation by such Affiliate of the accuracy with respect to it of the representations set forth in
Section 6. Upon receipt of such notice, any reference to such Purchaser in this Agreement (other than in this Section 21) shall be deemed to refer to such Affiliate in lieu of such original Purchaser. In the event that such Affiliate is so
substituted as a Purchaser hereunder and such Affiliate thereafter transfers to such original Purchaser all of the Notes then held by such Affiliate, upon receipt by the Company of notice of such transfer, any reference to such Affiliate as a

  
 41 

 
“Purchaser” in this Agreement (other than in this Section 21) shall no longer be deemed to refer to such Affiliate, but shall refer to such original Purchaser, and such original
Purchaser shall again have all the rights of an original holder of the Notes under this Agreement. 
 22. MISCELLANEOUS.

 22.1. Successors and Assigns. 
 All covenants and other agreements contained in this Agreement by or on behalf of any of the parties hereto bind and inure to the benefit of their respective successors and assigns (including, without
limitation, any subsequent holder of a Note) whether so expressed or not. 
 22.2. Payments Due on Non-Business Days.

 Anything in this Agreement or the Notes to the contrary notwithstanding (but without limiting the requirement in
Section 8.4 that the notice of any optional prepayment specify a Business Day as the date fixed for such prepayment), any payment of principal of or Make-Whole Amount or interest on any Note that is due on a date other than a Business Day shall
be made on the next succeeding Business Day without including the additional days elapsed in the computation of the interest payable on such next succeeding Business Day; provided that if the maturity date of any Note is a date other than a Business
Day, the payment otherwise due on such maturity date shall be made on the next succeeding Business Day and shall include the additional days elapsed in the computation of interest payable on such next succeeding Business Day. 

22.3. Accounting Terms. 
 All accounting terms used herein which are not expressly defined in this Agreement have the meanings respectively given to them in accordance with GAAP. Except as otherwise specifically provided herein,
(i) all computations made pursuant to this Agreement shall be made in accordance with GAAP, and (ii) all financial statements shall be prepared in accordance with GAAP. Notwithstanding the foregoing or any other provision of this Agreement
providing for any amount to be determined in accordance with GAAP, for purposes of determining compliance with the covenants contained in this Agreement, any election by the Company to measure an item of Indebtedness (other than of the type
described in clause (f) of the definition thereof) using fair value (as permitted by Financial Accounting Standards Board Accounting Standards Codification Topic No. 825-10-25 – Fair Value Option, International Accounting
Standard 39 – Financial Instruments: Recognition and Measurement or any similar accounting standard) shall be disregarded and such determination shall be made as if such election had not been made. 

22.4. Severability. 
 Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall (to the full extent permitted by law) not invalidate or render unenforceable such provision in any other jurisdiction. 

  
 42 

 22.5. Construction, Etc. 

Each covenant contained herein shall be construed (absent express provision to the contrary) as being independent of each other covenant
contained herein, so that compliance with any one covenant shall not (absent such an express contrary provision) be deemed to excuse compliance with any other covenant. Where any provision herein refers to action to be taken by any Person, or which
such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such Person. 
 For the avoidance of doubt, all Schedules and Exhibits attached to this Agreement shall be deemed to be a part hereof. 
 22.6. Counterparts. 
 This Agreement may be executed in any number of
counterparts, each of which shall be an original but all of which together shall constitute one instrument. Each counterpart may consist of a number of copies hereof, each signed by less than all, but together signed by all, of the parties hereto.

 22.7. Governing Law. 
 This Agreement shall be construed and enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of Illinois excluding choice-of-law principles of the law of
such State that would permit the application of the laws of a jurisdiction other than such State. 
 22.8. Jurisdiction.

 (a) The Company irrevocably submits to the non-exclusive jurisdiction of the courts of the State of Illinois or in the
United States District Court for the Northern District of Illinois over any suit, action or proceeding arising out of or relating to this Agreement or the Notes. To the fullest extent permitted by applicable law, the Company irrevocably waives and
agrees not to assert, by way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or
proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 
 (b) The Company consents to process being served by or on behalf of any holder of Notes in any suit, action or proceeding of the nature referred to in Section 22.8(a) by mailing a copy thereof by
registered or certified mail (or any substantially similar form of mail), postage prepaid, return receipt requested, to it at its address specified in Section 18 or at such other address of which such holder shall then have been notified
pursuant to said Section. The Company agrees that such service upon receipt (i) shall be deemed in every respect effective service of process upon it in any such suit, action or proceeding and (ii) shall, to the fullest extent

  
 43 

 
permitted by applicable law, be taken and held to be valid personal service upon and personal delivery to it. Notices hereunder shall be conclusively presumed received as evidenced by a delivery
receipt furnished by the United States Postal Service or any reputable commercial delivery service. 
 (c) Nothing in this
Section 22.8 shall affect the right of any holder of a Note to serve process in any manner permitted by law, or limit any right that the holders of any of the Notes may have to bring proceedings against the Company in the courts of any
appropriate jurisdiction or to enforce in any lawful manner a judgment obtained in one jurisdiction in any other jurisdiction. 

*  *  *  *  * 

  
 44 

 If you are in agreement with the foregoing, please sign the form of agreement on a
counterpart of this Agreement and return it to the Company, whereupon this Agreement shall become a binding agreement between you and the Company. 
  

			
	Very Truly Yours,
	
	CASEXS GENERAL STORES, INC.
		
	By:	 	/s/ Robert J. Myers
	Name: Robert J. Myers
	Title: President and Chief Executive Officer
	
	Attest
		
	By:	 	/s/ Brian J. Johnson
	Name: Brian J. Johnson
	Title: Vice President – Finance and
	Corporate Secretary

 Note Purchase Agreement 

					
	The foregoing is agreed to as of the date hereof:
	
	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA
		
	By:	 	

		 	Vice President
	
	THE GIBRALTAR LIFE INSURANCE CO., LTD.
		
	By:	 	Prudential Investment Management Japan
Co., Ltd., as Investment Manager
		
	By:	 	Prudential Investment Management, Inc.,
as Sub-Adviser
			
		 	By:	 	

		 		 	Vice President
	
	FARMERS INSURANCE EXCHANGE
MID CENTURY INSURANCE COMPANY
		
	By:	 	Prudential Private Placement Investors,
L.P. (as Investment Advisor)
		
	By:	 	Prudential Private Placement Investors, Inc.
(as its General Partner)
			
		 	By:	 	

		 		 	Vice President

 Note Purchase Agreement 

			
	NEW YORK LIFE INSURANCE COMPANY
		
	By:	 	/s/ James Belletire
		 	Name: James Belletire
		 	Title: Vice President
	
	NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION INSTITUTIONALLY
	OWNED LIFE INSURANCE SEPARATE ACCOUNT (BOLI30C)
		
	By:	 	New York Life Investment Management LLC,
its Investment Manager
		
	By:	 	/s/ James Belletire
		 	Name: James Belletire
		 	Title: Managing Director
	
	NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION
	
	By: New York Life Investment Management LLC, Its Investment Manager
		
	By:	 	/s/ James Belletire
		 	Name: James Belletire
		 	Title: Managing Director

 Note Purchase Agreement 

			
	ING LIFE INSURANCE AND ANNUITY COMPANY
ING USA ANNUITY AND LIFE INSURANCE COMPANY
RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK
SECURITY LIFE OF DENVER
INSURANCE COMPANY
RELIASTAR LIFE INSURANCE COMPANY
	
	By: ING Investment Management LLC, as Agent
		
	By:	 	/s/ Fitz Wickham
	Name:	 	Fitz Wickham
	Title:	 	Vice President
	
	LEO 2013-1 LLC
	
	BY: ING Investment Management Co. LLC, as Agent
		
	By:	 	/s/ Fitz Wickham
	Name:	 	Fitz Wickham
	Title:	 	Vice President

  
 1 

			
	METROPOLITAN LIFE INSURANCE COMPANY
	
	GENERAL AMERICAN LIFE INSURANCE COMPANY
by Metropolitan Life Insurance Company, its Investment Manager
	
	METLIFE INVESTORS USA INSURANCE COMPANY
by Metropolitan Life Insurance Company, its Investment Manager
	
	METROPOLITAN TOWER LIFE INSURANCE COMPANY
by Metropolitan Life Insurance Company, its Investment Manager
		
	By:	 	/s/ C. Scott Inglis
	Name: C. Scott Inglis
	Title: Managing Director
	
	MetLife Alico Life Insurance K.K.
by MetLife Investment Management, LLC, Its Investment Manager
		
	By:	 	/s/ C. Scott Inglis
	Name: C. Scott Inglis
	Title-. Managing Director
	
	UNION FIDELITY LIFE INSURANCE COMPANY
by MetLife Investment Management, LLC, Its Investment Adviser
		
	By:	 	/s/ C. Scott Inglis
	Name: C. Scott Inglis
	Title: Managing Director

 Note Purchase Agreement 

 SCHEDULE A 
 INFORMATION RELATING TO PURCHASERS 
  

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes

to be Purchased
	  	 Note

Denomination(s)

		 	THE PRUDENTIAL INSURANCE COMPANY OF AMERICA	  	Series A: $9,750,000.00	  	Series A: $8,750,000.00 $1,000,000.00
				
		 		  	Series B: $6,750,000.00	  	Series B: $6,750,000.00
	(1)	 	All payments on account of Notes held by such purchaser shall be made by wire transfer of immediately available funds for credit to:	  		  	
				
		 	 JPMorgan Chase Bank
 New York,
NY
 ABA No.: 021-000-021
	  		  	
				
		 	Account Name: The Prudential - Privest Portfolio Account No.: P86189 (please do not include spaces) (in the case of payments on account of the Note originally issued in the
principal amount of $8,750,000.00)	  		  	
				
		 	 Account Name: Prudential GM Buyout Private Custody
 Account No.: P30819 (please do not include spaces)
 (in the case of payments on account of the
Note
 originally issued in the principal amount of $1,000,000.00)
	  		  	
				
		 	Account Name: Prudential Managed Portfolio Account No.: P86188 (please do not include spaces) (in the case of payments on account of the Note originally issued in the principal
amount of $6,750,000.00)	  		  	
				
		 	Each such wire transfer shall set forth the name of the Company, a reference to “3.67% Series A Senior Notes due 17 June 2028, Security No. INV11260, PPN 147528 E#6”
or “3.75% Series B Senior Notes due 17 December 2028, Security No. INV11260, PPN 147528 F*9 “, as applicable, and the due date and application (as among principal, interest or Make-Whole Amount) of the payment being made.	  		  	

  
 SCHEDULE A - 1

							
				
	(2)	 	Address for all notices relating to payments:	  		  	
				
		 	 The Prudential Insurance Company of America
 c/o Investment Operations Group
 Gateway Center Two, 10th Floor

100 Mulberry Street
 Newark, NJ
07102-4077
	  		  	
				
		 	Attention: Manager, Billings and Collections	  		  	
				
	(3)	 	Address for all other communications and notices:	  		  	
				
		 	 The Prudential Insurance Company of America
 c/o Prudential Capital Group
 Two Prudential Plaza

180 N. Stetson Avenue
 Suite 5600

Chicago, IL 60601
	  		  	
				
		 	Attention: Managing Director, Corporate Finance	  		  	
				
	(4)	 	Recipient of telephonic prepayment notices:	  		  	
				
		 	Manager, Trade Management Group	  		  	
				
		 	 Telephone: (973) 367-3141

Facsimile: (888) 889-3832
	  		  	
				
	(5)	 	Address for Delivery of Notes:	  		  	
				
		 	Send physical security by nationwide overnight delivery service to:	  		  	
				
		 	 Prudential Capital Group
 Two
Prudential Plaza
 180 N. Stetson Avenue

Suite 5600
 Chicago, IL 60601
	  		  	
				
		 	 Attention: Christina Miller

Telephone: (312) 540-4207
	  		  	
				
	(6)	 	Tax Identification No.: 22-1211670	  		  	

  
 SCHEDULE A - 2

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes

to be Purchased
	  	 Note

Denomination(s)

		 	THE GIBRALTAR LIFE INSURANCE CO., LTD.	  	Series A: $17,750,000.00	  	Series A: $17,750,000.00
		 		  	Series B: $5,750,000.00	  	Series B: $5,750,000.00
	(1)	 	All principal, interest or Make-Whole Amount payments on account of Notes held by such purchaser shall be made by wire transfer of immediately available funds for credit
to:	  		  	
				
		 	 JPMorgan Chase Bank
 New York,
NY
 ABA No.: 021-000-021
	  		  	
				
		 	 Account Name: GIBPRVJAFS1

Account No.: P86246 (please do not include spaces)

(in the case of payments on account of the Note

originally issued in the principal amount of

$17,750,000.00)
	  		  	
				
		 	 Account Name: GIBPRVHFR1

Account No.: P30782 (please do not include spaces)

(in the case of payments on account of the Note

originally issued in the principal amount of

$5,750,000.00)
	  		  	
				
		 	Each such wire transfer shall set forth the name of the Company, a reference to “3.67% Series A Senior Notes due 17 June 2028, Security No. INV11260, PPN 147528 E#6” or
“3.75% Series B Senior Notes due 17 December 2028, Security No. INV11260, PPN 147528 F*9 “, as applicable, and the due date and application (as among principal, interest or Make-Whole Amount) of the payment being made.	  		  	
				
	(2)	 	All payments, other than principal, interest or Make-Whole Amount, on account of Notes held by such purchaser shall be made by wire transfer of immediately available funds for
credit to:	  		  	

  
 SCHEDULE A - 3

							
				
		 	 JPMorgan Chase Bank
 New York,
NY
 ABA No. 021-000-021
 Account No.
304199036
 Account Name: Prudential International Insurance Service Co.
	  		  	
				
		 	Each such wire transfer shall set forth the name of the Company, a reference to “3.67% Series A Senior Notes due 17 June 2028, Security No. INV11260, PPN 147528 E#6” or
“3.75% Series B Senior Notes due 17 December 2028, Security No. INV11260, PPN 147528 F*9 “, as applicable, and the due date and application (e.g., type of fee) of the payment being made.	  		  	
				
	(3)	 	Address for all notices relating to payments:	  		  	
				
		 	 The Gibraltar Life Insurance Co., Ltd.
 2-13-10, Nagata-cho
 Chiyoda-ku, Tokyo 100-8953, Japan
	  		  	
				
		 	 Telephone: 81-3-5501-6680

Facsimile: 81-3-5501-6432
 E-mail:
mizuho.matsumoto@gib-life.co.jp
	  		  	
				
		 	 Attention: Mizuho Matsumoto, Team Leader of Investment
                  Administration Team
	  		  	
				
	(4)	 	Address for all other communications and notices:	  		  	
				
		 	 Prudential Private Placement Investors, L.P.
 c/o Prudential Capital Group
 Two Prudential Plaza

180 N. Stetson Avenue
 Suite 5600

Chicago, IL 60601
	  		  	
				
		 	Attention: Managing Director, Corporate Finance	  		  	
				
	(5)	 	Address for Delivery of Notes:	  		  	
				
		 	Send physical security by nationwide overnight delivery service to:	  		  	

  
 SCHEDULE A - 4

							
				
		 	 Prudential Capital Group
 Two
Prudential Plaza
 180 N. Stetson Avenue

Suite 5600
 Chicago, IL 60601
	  		  	
				
		 	 Attention: Christina Miller

Telephone: (312) 540-4207
	  		  	
				
	(6)	 	Tax Identification No.: 98-0408643	  		  	

  
 SCHEDULE A - 5

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	FARMERS INSURANCE EXCHANGE	  	Series A: $7,000,000.00	  	Series A: $7,000,000.00
				
	(1)	 	All payments on account of Notes held by such purchaser shall be made by wire transfer of immediately available funds for credit to:	  		  	
				
		 	 JPMorgan Chase Bank
 ABA:
021000021
 Beneficiary Account No: 9009000200
 Beneficiary Account Name: JPMorgan Income
 Ultimate Beneficiary: P13939 Farmers Insurance
Exchange
	  		  	
				
		 	Each such wire transfer shall set forth the name of the Company, a reference to “3.67% Series A Senior Notes due 17 June 2028, PPN 147528 E#6” and the due date and
application (as among principal, interest or Make-Whole Amount) of the payment being made.	  		  	
				
	(2)	 	Address for all notices relating to payments:	  		  	
				
		 	 Farmers
 4680 Wilshire
Blvd.
 Los Angeles, CA 90010
	  		  	
				
		 	Attention: Treasury	  		  	
				
		 	 Treasury:
 Treasury
Manager
 323-932-3450

usw.treasury.farmers@farmersinsurance.com
	  		  	
				
	(3)	 	Address for all other communications and notices:	  		  	
				
		 	 Prudential Private Placement Investors, L.P.
 c/o Prudential Capital Group
 Two Prudential Plaza

180 N. Stetson Avenue
	  		  	
		 	 Suite 5600
 Chicago, IL
60601
	  		  	

  
 SCHEDULE A - 6

							
		 	Attention: Managing Director, Corporate Finance	  		  	
				
	(4)	 	Address for Delivery of Notes:	  		  	
				
		 	(a) Send physical security by nationwide overnight delivery	  		  	
				
		 	 service to:
	  		  	
				
		 	 Mailing Address (for overnight mail) 

JPMorgan Chase Bank, N.A.
 Physical Receive Department
 4 Chase Metrotech Center

3rd Floor

Brooklyn, NY 11245-0001
 Attention: Brian Cavanaugh, Tel. 718-242-0264
	  		  	
				
		 	 Street Deliveries (via messenger or walk up) 

JPMorgan Chase Bank, N.A.
 4 Chase Metrotech Center
 1st Floor, Window 5

Brooklyn, NY 11245-0001
 Attention: Physical Receive Department
	  		  	
				
		 	 (Use Willoughby Street Entrance)
	  		  	
				
		 	(b) Send copy by nationwide overnight delivery service to:	  		  	
				
		 	 Prudential Capital Group
 Gateway Center 2, 10th Floor
 100 Mulberry

Newark, NJ 07102
	  		  	
				
		 	 Attention: Trade Management, Manager
 Telephone: (973) 367-3141
	  		  	
				
	(5)	 	Tax Identification No.: 95-2575893	  		  	

  
 SCHEDULE A - 7

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	MID CENTURY INSURANCE COMPANY	  	 Series A:
 $3,000,000.00
	  	 Series A:
 $3,000,000.00

				
	(1)	 	All payments on account of Notes held by such purchaser shall be made by wire transfer of immediately available funds for credit to:	  		  	
				
		 	 JPMorgan Chase Bank
 ABA:
021000021
 Beneficiary Account No: 9009000200
 Beneficiary Account Name: JPMorgan Income
 Ultimate Beneficiary: G23628 Mid Century Insurance
Company
	  		  	
				
		 	Each such wire transfer shall set forth the name of the Company, a reference to “3.67% Series A Senior Notes due 17 June 2028, PPN 147528 E#6” and the due date and
application (as among principal, interest or Make-Whole Amount) of the payment being made.	  		  	
				
	(2)	 	Address for all notices relating to payments:	  		  	
				
		 	 Farmers
 4680 Wilshire
Blvd.
 Los Angeles, CA 90010
	  		  	
				
		 	Attention: Treasury	  		  	
				
		 	 Treasury:
 Treasury
Manager
 323-932-3450

usw.treasury.farmers@farmersinsurance.com
	  		  	
				
	(3)	 	Address for all other communications and notices:	  		  	
				
		 	 Prudential Private Placement Investors, L.P.
 c/o Prudential Capital Group
 Two Prudential Plaza

180 N. Stetson Avenue
	  		  	
		 	 Suite 5600
 Chicago, IL
60601
	  		  	

  
 SCHEDULE A - 8

							
				
		 	Attention: Managing Director, Corporate Finance	  		  	
				
	(4)	 	Address for Delivery of Notes:	  		  	
				
		 	(a) Send physical security by nationwide overnight delivery	  		  	
				
		 	 service to:
	  		  	
				
		 	 Mailing Address (for overnight mail) 

JPMorgan Chase Bank, N.A.
 Physical Receive Department
 4 Chase Metrotech Center

3rd Floor

Brooklyn, NY 11245-0001
 Attention: Brian Cavanaugh, Tel. 718-242-0264
	  		  	
				
		 	 Street Deliveries (via messenger or walk up) 

JPMorgan Chase Bank, N.A.
 4 Chase Metrotech Center
 1st Floor, Window 5

Brooklyn, NY 11245-0001
 Attention: Physical Receive Department
	  		  	
				
		 	 (Use Willoughby Street Entrance)
	  		  	
				
		 	(b) Send copy by nationwide overnight delivery service to:	  		  	
				
		 	 Prudential Capital Group
 Gateway Center 2, 10th Floor
 100 Mulberry

Newark, NJ 07102
	  		  	
				
		 	 Attention: Trade Management, Manager
 Telephone: (973) 367-3141
	  		  	
				
	(5)	 	Tax Identification No.: 95-6016640	  		  	

  
 SCHEDULE A - 9

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	 NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION
	  	Series A: $1,250,000.00	  	Series A: $1,250,000.00
				
		 	 INSURANCE SEPARATE ACCOUNT (BOLI 30C)
 (Tax I.D. No. 13-3044743)
	  	Series B: $250,000.00	  	Series B: $250,000.00
				
		 	 (1) All payments by wire or intrabank transfer of immediately available funds to:
	  		  	
				
		 	 JPMorgan Chase Bank
 New York, New York
 ABA No. 021-000-021

Credit: NYLIAC SEPARATE BOLI 30C
 General Account No. 304-6-23970
	  		  	
				
		 	 with sufficient information (including issuer, PPN number, interest rate, maturity and whether payment is of principal, premium, or interest) to
identify the source and application of such funds, with advice of such payments to:
	  		  	
				
		 	 All notices of payments, written confirmations of such wire transfers and any audit confirmation:
	  		  	
				
		 	 New York Life Insurance and Annuity Corporation

Institutionally Owned Life Insurance Separate Account
 c/o New York Life Investment Management LLC
 51 Madison Avenue

2nd
 Floor Room 208
 New York, New York 10010-1603
	  		  	
				
		 	 Attention:     Securities Operation

                      
Private Group

                      
2nd Floor

                      
Fax #: 908-840-3385
	  		  	

  
 SCHEDULE A -
10 

							
				
		 	 with a copy sent electronically to:
	  		  	
				
		 	 FIIGLibrary@nylim.com
 TraditionalPVtOps@nylim.com
	  		  	
				
		 	 Any changes in the foregoing payment instructions shall be confirmed by e-mail to NYLIMWireConfirmation@nylim.com prior to becoming
effective.
	  		  	
				
		 	 (2)      All other communications:
	  		  	
				
		 	 New York Life Insurance and Annuity Corporation

Institutionally Owned Life Insurance Separate Account
 c/o New York Life Investment Management LLC
 51 Madison Avenue

2nd
 Floor Room 208
 New York, New York 10010-1603
	  		  	
				
		 	 Attention:     Fixed Income Investor Group

                      
Private Finance

                      
2nd Floor

                      
Fax #: (212) 447-4122
	  		  	
				
		 	 with a copy sent electronically to:
	  		  	
				
		 	 FIIGLibrary@nylim.com
 TraditionalPVtOps@nylim.com
	  		  	
				
		 	 and with a copy of any notices regarding defaults or Events of Default under the operative documents to:
	  		  	
				
		 	 Attention:     Office of General Counsel

                      
Investment Section, Room 1016

                      
Fax #: (212) 576-8340
	  		  	
				
		 	 (3)     Note(s) to be registered in the name of: New York Life Insurance and Annuity Corporation
Institutionally Owned Life Insurance Separate Account (BOLI 30C)
	  		  	

  
 SCHEDULE A -
11 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	 NEW YORK LIFE INSURANCE COMPANY
 (Tax I.D. No. 13-5582869)
	  	Series A: $12,000,000.00	  	Series A: $12,000,000.00
		 		  	Series B: $3,750,000.00	  	Series B: $3,750,000.00
		 	(1) All payments by wire or intrabank transfer of immediately available funds to:	  		  	
				
		 	 JPMorgan Chase Bank
 New York, New York 10019
 ABA No. 021-000-021

Credit: New York Life Insurance Company
 General Account No. 008-9-00687
	  		  	
				
		 	 with sufficient information (including issuer, PPN number, interest rate, maturity and whether payment is of principal, premium, or interest) to
identify the source and application of such funds.
	  		  	
				
		 	 All notices of payments, written confirmations of such wire transfers and any audit confirmation:
	  		  	
				
		 	 New York Life Insurance Company
 c/o New York Life Investment Management LLC
 51 Madison Avenue

2nd
 Floor, Room 208
 New York, New York 10010-1603
	  		  	
				
		 	 Attention:     Securities Operations

                     Private
Group

                     2nd Floor

                     Fax #:
908-840-3385
	  		  	
				
		 	 with a copy sent electronically to:
	  		  	
				
		 	 FIIGLibrary@nylim.com
	  		  	

  
 SCHEDULE A -
12 

							
				
		 	 TraditionalPVtOps@nylim.com
	  		  	
				
		 	 Any changes in the foregoing payment instructions shall be confirmed by email to

NYLIMWireConfirmation@nylim.com prior to becoming effective.
	  		  	
				
		 	 (2)      All other communications:

           New York Life Insurance Company

           c/o New York Life Investment Management
LLC
            51 Madison Avenue

           2nd Floor, Room 208

           New York, New York 10010
	  		  	
				
		 	 Attention:     Fixed Income Investors Group

                     Private
Finance

                     2nd Floor

                     Fax #:
(212) 447-4122
	  		  	
				
		 	 with a copy sent electronically to:
	  		  	
				
		 	 FIIGLibrary@nylim.com
 TraditionalPVtOps@nylim.com
	  		  	
				
		 	 and with a copy of any notices regarding defaults or Events of Default under the operative documents to:
	  		  	
				
		 	 Attention:     Office of General Counsel

                     
Investment Section, Room 1016

                     Fax #:
(212) 576-8340
	  		  	
				
		 	(3) Note(s) to be registered in the name of: New York Life Insurance Company	  		  	

  
 SCHEDULE A -
13 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	 NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION
 (Tax I.D. No. 13-3044743)
	  	Series A: $24,250,000.00	  	Series A: $24,250,000.00
		 		  	Series B: $8,500,000.00	  	Series B: $8,500,000.00
		 	 (1)      All payments by wire or intrabank transfer of immediately available funds
to:
	  		  	
				
		 	 JPMorgan Chase Bank
 New York, New York
 ABA No. 021-000-021

Credit: New York Life Insurance and Annuity
 Corporation
 General Account No. 323-8-47382
	  		  	
				
		 	 with sufficient information (including issuer, PPN number, interest rate, maturity and whether payment is of principal, premium, or interest) to
identify the source and application of such funds,
	  		  	
				
		 	 All notices of payments, written confirmations of such wire transfers and any audit confirmation:
	  		  	
				
		 	 New York Life Insurance and Annuity Corporation

c/o New York Life Investment Management LLC
 51 Madison Avenue
 2nd Floor, Room 208
 New York, New York 10010-1603
	  		  	
				
		 	 Attention:     Securities Operation

                     Private
Group

                     2nd Floor

                     Fax #:
908-840-3385
	  		  	
				
		 	 with a copy sent electronically to:
	  		  	

  
 SCHEDULE A -
14 

							
				
		 	 FIIGLibrary@nylim.com
 TraditionalPVtOps@nylim.com
	  		  	
				
		 	 Any changes in the foregoing payment instructions shall be confirmed by email to

NYLIMWireConfirmation@nylim.com prior to becoming effective.
	  		  	
				
		 	 (2)      All other communications:
	  		  	
				
		 	 New York Life Insurance and Annuity Corporation

c/o New York Life Investment Management LLC
 51 Madison Avenue
 2nd Floor, Room 208
 New York, New York 10010-1603
	  		  	
				
		 	 Attention:     Fixed Income Investors Group

                     Private
Finance

                     2nd Floor

                     Fax #:
(212) 447-4122
	  		  	
				
		 	 with a copy sent electronically to:
	  		  	
				
		 	 FIIGLibrary@nylim.com
 TraditionalPVtOps@nylim.com
	  		  	
				
		 	 and with a copy of any notices regarding defaults or Events of Default under the operative documents to:
	  		  	
				
		 	 Attention:     Office of General Counsel

                     
Investment Section, Room 1016

                     Fax #:
(212) 576-8340
	  		  	
				
		 	 (3)      Note(s) to be registered in the name of: New York Life Insurance and Annuity
Corporation
	  		  	

  
 SCHEDULE A -
15 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	ING USA ANNUITY AND LIFE INSURANCE COMPANY	  	Series A: $9,300,000.00	  	Series A: $9,300,000.00
				
		 		  	Series B: $2,800,000.00	  	Series B: $2,800,000.00
		 	(1) All payments on account of Notes held by such purchaser should be made by wire transfer of immediately available funds for credit to:	  		  	
				
		 	 The Bank of New York Mellon
 ABA#: 021000018
	  		  	
				
		 	 Account: IOC 566/INST’L CUSTODY (for scheduled principal and interest payments)

or
 IOC
565/INST’L CUSTODY (for all payments other than scheduled principal and interest)
	  		  	
				
		 	 For further credit to: ING USA/Acct. 136373

Reference: 147528 E#6 or 147528 F*9, as applicable
	  		  	
				
		 	 Each such wire transfer should set forth the name of the issuer, the full title (including the coupon rate, issuance date, and final maturity date) of
the Notes on account of which such payment is made, and the due date and application (as among principal, premium and interest) of the payment being made.
	  		  	
				
		 	(2) Address for all notices relating to payments:	  		  	
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Operations/Settlements
 Fax: (770) 690-5316
	  		  	
				
		 	(3) Address for all other communications and notices:	  		  	

  
 SCHEDULE A -
16 

							
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Private Placements
 Fax: (770) 690-5342
	  		  	
				
		 	(4) Tax Identification No.: 41-0991508	  		  	

  
 SCHEDULE A -
17 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	ING USA ANNUITY AND LIFE INSURANCE COMPANY	  	Series A: $500,000.00	  	Series A: $500,000.00
				
		 		  	Series B: $300,000.00	  	Series B: $300,000.00
		 	(1) All payments on account of Notes held by such purchaser should be made by wire transfer of immediately available funds for credit to:	  		  	
				
		 	 The Bank of New York Mellon
 ABA#: 021000018
	  		  	
				
		 	 Account: IOC 566/INST’L CUSTODY (for scheduled principal and interest payments)

or
 IOC
565/INST’L CUSTODY (for all payments other than scheduled principal and interest)
	  		  	
				
		 	 For further credit to: ING USA SA/Acct. 136374

Reference: 147528 E#6 or 147528 F*9, as applicable
	  		  	
				
		 	 Each such wire transfer should set forth the name of the issuer, the full title (including the coupon rate, issuance date, and final maturity date) of
the Notes on account of which such payment is made, and the due date and application (as among principal, premium and interest) of the payment being made.
	  		  	
				
		 	(2) Address for all notices relating to payments:	  		  	
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Operations/Settlements
 Fax: (770) 690-5316
	  		  	
				
		 	(3) Address for all other communications and notices:	  		  	

  
 SCHEDULE A -
18 

							
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Private Placements
 Fax: (770) 690-5342
	  		  	
				
		 	(4) Tax Identification No.: 41-0991508	  		  	

  
 SCHEDULE A -
19 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	ING LIFE INSURANCE AND ANNUITY COMPANY	  	Series A: $11,300,000.00	  	Series A: $11,300,000.00
				
		 		  	Series B: $3,400,000.00	  	Series B: $3,400,000.00
		 	(1) All payments on account of Notes held by such purchaser should be made by wire transfer of immediately available funds for credit to:	  		  	
				
		 	 The Bank of New York Mellon
 ABA#: 021000018
	  		  	
				
		 	 Account: IOC 566/INST’L CUSTODY (for scheduled principal and interest payments)

or
 IOC
565/INST’L CUSTODY (for all payments other than scheduled principal and interest)
	  		  	
				
		 	 For further credit to: ILIAC/Acct. 216101

Reference: 147528 E#6 or 147528 F*9, as applicable
	  		  	
				
		 	 Each such wire transfer should set forth the name of the issuer, the full title (including the coupon rate, issuance date, and final maturity date) of
the Notes on account of which such payment is made, and the due date and application (as among principal, premium and interest) of the payment being made.
	  		  	
				
		 	(2) Address for all notices relating to payments:	  		  	
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Operations/Settlements
 Fax: (770) 690-5316
	  		  	
				
		 	(3) Address for all other communications and notices:	  		  	

  
 SCHEDULE A -
20 

							
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Private Placements
 Fax: (770) 690-5342
	  		  	
				
		 	(4) Tax Identification No.: 71-0294708	  		  	

  
 SCHEDULE A -
21 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	RELIASTAR LIFE INSURANCE COMPANY OF NEW YORK	  	Series A: $600,000.00	  	Series A: $600,000.00
				
		 		  	Series B: $300,000.00	  	Series B: $300,000.00
		 	(1) All payments on account of Notes held by such purchaser should be made by wire transfer of immediately available funds for credit to:	  		  	
				
		 	 The Bank of New York Mellon
 ABA#: 021000018
	  		  	
				
		 	 Account: IOC 566/INST’L CUSTODY (for scheduled principal and interest payments)

or
 IOC
565/INST’L CUSTODY (for all payments other than scheduled principal and interest)
	  		  	
				
		 	 For further credit to: RLNY/Acct. 187038
 Reference: 147528 E#6 or 147528 F*9, as applicable
	  		  	
				
		 	 Each such wire transfer should set forth the name of the issuer, the full title (including the coupon rate, issuance date, and final maturity date) of
the Notes on account of which such payment is made, and the due date and application (as among principal, premium and interest) of the payment being made.
	  		  	
				
		 	(2) Address for all notices relating to payments:	  		  	
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Operations/Settlements
 Fax: (770) 690-5316
	  		  	
				
		 	(3) Address for all other communications and notices:	  		  	

  
 SCHEDULE A -
22 

							
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Private Placements
 Fax: (770) 690-5342
	  		  	
				
		 	(4) Tax Identification No.: 53-0242530	  		  	

  
 SCHEDULE A -
23 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	SECURITY LIFE OF DENVER INSURANCE COMPANY	  	Series A: $3,700,000.00	  	Series A: $3,700,000.00
				
		 		  	Series B: $1,000,00.000	  	Series B: $1,000,000.00
		 	(1) All payments on account of Notes held by such purchaser should be made by wire transfer of immediately available funds for credit to:	  		  	
				
		 	 The Bank of New York Mellon
 ABA#: 021000018
	  		  	
				
		 	 Account: IOC 566/INST’L CUSTODY (for scheduled principal and interest payments)

or
 IOC
565/INST’L CUSTODY (for all payments other than scheduled principal and interest)
	  		  	
				
		 	 For further credit to: SLD/Acct. 178157
 Reference: 147528 E#6 or 147528 F*9, as applicable
	  		  	
				
		 	 Each such wire transfer should set forth the name of the issuer, the full title (including the coupon rate, issuance date, and final maturity date) of
the Notes on account of which such payment is made, and the due date and application (as among principal, premium and interest) of the payment being made.
	  		  	
				
		 	(2) Address for all notices relating to payments:	  		  	
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Operations/Settlements
 Fax: (770) 690-5316
	  		  	
				
		 	(3) Address for all other communications and notices:	  		  	

  
 SCHEDULE A -
24 

							
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Private Placements
 Fax: (770) 690-5342
	  		  	
				
		 	(4) Tax Identification No.: 84-0499703	  		  	

  
 SCHEDULE A -
25 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	RELIASTAR LIFE INSURANCE COMPANY	  	Series A: $7,000,000.00	  	Series A: $7,000,000.00
				
		 		  	Series B: $2,100,000.00	  	Series B: $2,100,000.00
		 	(1) All payments on account of Notes held by such purchaser should be made by wire transfer of immediately available funds for credit to:	  		  	
				
		 	 The Bank of New York Mellon
 ABA#: 021000018
	  		  	
				
		 	 Account: IOC 566/INST’L CUSTODY (for scheduled principal and interest payments)

or
 IOC
565/INST’L CUSTODY (for all payments other than scheduled principal and interest)
	  		  	
				
		 	 For further credit to: RLIC/Acct. 187035
 Reference: 147528 E#6 or 147528 F*9, as applicable
	  		  	
				
		 	 Each such wire transfer should set forth the name of the issuer, the full title (including the coupon rate, issuance date, and final maturity date) of
the Notes on account of which such payment is made, and the due date and application (as among principal, premium and interest) of the payment being made.
	  		  	
				
		 	(2) Address for all notices relating to payments:	  		  	
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Operations/Settlements
 Fax: (770) 690-5316
	  		  	
				
		 	(3) Address for all other communications and notices:	  		  	

  
 SCHEDULE A -
26 

							
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Private Placements
 Fax: (770) 690-5342
	  		  	
				
		 	(4) Tax Identification No.: 41-0451140	  		  	

  
 SCHEDULE A -
27 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	ING USA ANNUITY AND LIFE INSURANCE COMPANY	  	Series A: $2,100,000.00	  	Series A: $2,100,000.00
				
		 		  	Series B: $600,000.00	  	Series B: $600,000.00
		 	(1) All payments on account of Notes held by such purchaser should be made by wire transfer of immediately available funds for credit to:	  		  	
				
		 	 The Bank of New York Mellon
 ABA#: 021000018
	  		  	
				
		 	 Account: IOC 566/INST’L CUSTODY (for scheduled principal and interest payments)

or
 IOC
565/INST’L CUSTODY (for all payments other than scheduled principal and interest)
	  		  	
				
		 	 For further credit to: ING USA - SLDI/Acct. 179369

Reference: 147528 E#6 or 147528 F*9, as applicable
	  		  	
				
		 	 Each such wire transfer should set forth the name of the issuer, the full title (including the coupon rate, issuance date, and final maturity date) of
the Notes on account of which such payment is made, and the due date and application (as among principal, premium and interest) of the payment being made.
	  		  	
				
		 	(2) Address for all notices relating to payments:	  		  	
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Operations/Settlements
 Fax: (770) 690-5316
	  		  	
				
		 	 With a copy to:
	  		  	

  
 SCHEDULE A -
28 

							
				
		 	 The Bank of New York
 Insurance Trust Dept.
 101 Barclay 8 West

New York, NY 10286
 Attn.: Bailey Eng
 Baileyeng@bankofny.com
	  		  	
				
		 	(3) Address for all other communications and notices:	  		  	
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Private Placements
 Fax: (770) 690-5342
	  		  	
				
		 	(4) Tax Identification No.: 41-0991508	  		  	

  
 SCHEDULE A -
29 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	LEO 2013-1 LLC	  	Series A: $3,000,000.00	  	Series A: $3,000,000.00
				
		 		  	Series B: $2,000,000.00	  	Series B: $2,000,000.00
		 	(1) All payments on account of Notes held by such purchaser should be made by wire transfer of immediately available funds for credit to:	  		  	
				
		 	 Northern CHGO/Trust
 ABA#: 071000152
 Credit Wire Account: 5186041000

Account No: LEOC01
 Account Name: LEO 2013-1 LLC
 Reference: 147528 E#6 or 147528 F*9, as
applicable
 ATTN: INC/DIV (for interest payments);

Maturities (for final principal payments)
	  		  	
				
		 	 Each such wire transfer should set forth the name of the issuer, the full title (including the coupon rate, issuance date, and final maturity date) of
the Notes on account of which such payment is made, and the due date and application (as among principal, premium and interest) of the payment being made.
	  		  	
				
		 	 (2) Address for all notices relating to payments:
  

ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347

Attn: Operations/Settlements
 Fax: (770) 690-5316
	  		  	
				
		 	(3) Address for all other communications and notices:	  		  	
				
		 	 ING Investment Management LLC
 5780 Powers Ferry Road NW, Suite 300
 Atlanta, GA 30327-4347
	  		  	
		 	 Attn: Private Placements
 Fax: (770) 690-5342
	  		  	
				
		 	(4) Tax Identification No.: 98-1104822	  		  	

  
 SCHEDULE A -
30 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	METROPOLITAN LIFE INSURANCE COMPANY	  	Series A: $6,600,000.00	  	Series A: $6,600,000.00
				
		 		  	Series B: $2,200,000.00	  	Series B: $2,200,000.00
		 	 1095 Avenue of the Americas

New York, New York 10036
	  		  	
				
		 	(Securities to be registered in the name of Metropolitan Life Insurance Company)	  		  	
				
		 	 (1)     All scheduled payments of principal and interest by wire transfer of immediately available funds
to:
	  		  	
				
		 	 Bank Name: JPMorgan Chase Bank
 ABA Routing #:         021-000-021

Account No.: 002-2-410591
 Account Name:         Metropolitan Life Insurance Company
 Ref: Casey’s General Stores Inc. 3.67% Due 6/17/28 or Casey’s General Stores Inc. 3.75% Due 12/17/28, as applicable
	  		  	
				
		 	 with sufficient information to identify the source and application of such funds, including issuer, PPN#, interest rate, maturity and whether payment
is of principal, interest, make whole amount or otherwise.
	  		  	
				
		 	 For all payments other than scheduled payments of principal and interest, the Company shall seek instructions from the holder, and in the absence of
instructions to the contrary, will make such payments to the account and in the manner set forth above.
	  		  	
				
		 	 (2)     All notices and communications:
	  		  	
				
		 	 Metropolitan Life Insurance Company

Investments, Private Placements
	  		  	

  
 SCHEDULE A -
31 

							
		 	 P.O. Box 1902
 10 Park Avenue
 Morristown, New Jersey 07962-1902

Attention: Director
 Facsimile (973) 355-4250
	  		  	
				
		 	 With a copy OTHER than with respect to deliveries of financial statements to:
	  		  	
				
		 	 Metropolitan Life Insurance Company

P.O. Box 1902
 10 Park Avenue
 Morristown, New Jersey 07962-1902

Attention: Chief Counsel-Securities Investments (PRIV)
 Email: sec_invest_law@metlife.com
	  		  	
				
		 	 (3)     Original notes delivered to:
	  		  	
				
		 	 Metropolitan Life Insurance Company

Securities Investments, Law Department
 P.O. Box 1902
 10 Park Avenue

Morristown, New Jersey 07962-1902
 Attention: Thomas J. Pasuit, Esq.
	  		  	
				
		 	 (4)     Taxpayer I.D. Number: 13-5581829
	  		  	
				
		 	 (5)     UK Passport Treaty Number (if applicable):

          13/M/61303/DTTP
	  		  	

  
 SCHEDULE A -
32 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	METLIFE ALICO LIFE INSURANCE K.K.	  	Series A: $16,600,000.00	  	Series A: $16,600,000.00
				
		 		  	Series B: $5,500,000.00	  	Series B: $5,500,000.00
		 	 4-1-3, Taihei, Sumida-ku

Tokyo, 130-0012 JAPAN
	  		  	
				
		 	(Securities to be registered in the name of MetLife Alico Life Insurance K.K.)	  		  	
				
		 	(1) All scheduled payments of principal and interest by wire transfer of immediately available funds to:	  		  	
				
		 	 Bank Name: Citibank New York
 111 Wall Street, New York, New York 10005 (USA)
 ABA Routing #:
        021000089
 Acct No./DDA:
          30872002
 Acct Name:     METLIFE ALICO PP
NON-GGA
 Ref:     Casey’s General Stores Inc. 3.67% Due 6/17/28 or Casey’s General Stores Inc.
3.75% Due 12/17/28, as applicable
	  		  	
				
		 	 with sufficient information to identify the source and application of such funds, including issuer, PPN#, interest rate, maturity and whether payment
is of principal, interest, make whole amount or otherwise.
	  		  	
				
		 	 For all payments other than scheduled payments of principal and interest, the Company shall seek instructions from the holder, and in the absence of
instructions to the contrary, will make such payments to the account and in the manner set forth above.
	  		  	
				
		 	(2) All notices and communications:	  		  	

  
 SCHEDULE A -
33 

							
				
		 	 Alico Asset Management Corp. (Japan)

Administration Department
 ARCA East 7F, 3-2-1 Kinshi
 Sumida-ku, Tokyo 130-0013 Japan

Attention: Administration Dept. Manager
 Email: saura@metlife.co.jp
	  		  	
				
		 	 With a copy to:
	  		  	
				
		 	 MetLife Investment Management, LLC

Investments, Private Placements
 P.O. Box 1902
 10 Park Avenue

Morristown, New Jersey 07962-1902
 Attention: Director
 Facsimile: (973) 355-4250
	  		  	
				
		 	 With another copy OTHER than with respect to deliveries of financial statements to:
	  		  	
				
		 	 MetLife Investment Management, LLC

P.O. Box 1902
 10 Park Avenue
 Morristown, New Jersey 07962-1902

Attention: Chief Counsel-Securities Investments (PRIV)
 Email: sec_invest_law@metlife.com
	  		  	
				
		 	(3) Original notes delivered to:	  		  	
				
		 	 MetLife Investment Management, LLC

Securities Investments, Law Department
 P.O. Box 1902
 10 Park Avenue

Morristown, New Jersey 07962-1902
 Attention: Thomas J. Pasuit, Esq.
	  		  	
				
		 	(4) Taxpayer I.D. Numbers: 98-1037269 (USA) and 00661996 (Japan)	  		  	
				
		 	(5) UK Passport Treaty Number (if applicable): 43/M/359828/DTTP	  		  	

  
 SCHEDULE A -
34 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	GENERAL AMERICAN LIFE INSURANCE COMPANY	  	Series A: $3,300,000.00	  	Series A: $3,300,000.00
				
		 		  	Series B: $1,100,000.00	  	Series B: $1,100,000.00
		 	 c/o Metropolitan Life Insurance Company
 1095 Avenue of the Americas
 New York, New York 10036
	  		  	
				
		 	(Securities to be registered in the name of General American Life Insurance Company)	  		  	
				
		 	(1) All scheduled payments of principal and interest by wire transfer of immediately available funds to:	  		  	
				
		 	 Bank Name:     JPMorgan Chase Bank

ABA Routing #:         021-000-021

Account No.:   323-8-90946
 Account Name:         General American Life Insurance Company
 Ref:     Casey’s General Stores Inc. 3.67% Due 6/17/28 or Casey’s General Stores Inc. 3.75% Due 12/17/28, as applicable
	  		  	
				
		 	 with sufficient information to identify the source and application of such funds, including issuer, PPN#, interest rate, maturity and whether payment
is of principal, interest, make whole amount or otherwise.
	  		  	
				
		 	 For all payments other than scheduled payments of principal and interest, the Company shall seek instructions from the holder, and in the absence of
instructions to the contrary, will make such payments to the account and in the manner set forth above.
	  		  	
				
		 	(2) All notices and communications:	  		  	

  
 SCHEDULE A -
35 

							
				
		 	 GENERAL AMERICAN LIFE INSURANCE COMPANY

c/o Metropolitan Life Insurance Company
 Investments, Private Placements
 P.O. Box 1902

10 Park Avenue
 Morristown, New Jersey 07962-1902
 Attention: Director

Facsimile (973) 355-4250
	  		  	
				
		 	 With a copy OTHER than with respect to deliveries of financial statements to:
	  		  	
				
		 	 GENERAL AMERICAN LIFE INSURANCE COMPANY

c/o Metropolitan Life Insurance Company
 P.O. Box 1902
 10 Park Avenue

Morristown, New Jersey 07962-1902
 Attention: Chief Counsel-Securities Investments (PRIV)
 Email:
sec_invest_law@metlife.com
	  		  	
				
		 	(3) Original notes delivered to:	  		  	
				
		 	 GENERAL AMERICAN LIFE INSURANCE COMPANY

c/o Metropolitan Life Insurance Company
 Securities Investments, Law Department
 P.O. Box 1902

10 Park Avenue
 Morristown, New Jersey 07962-1902
 Attention: Thomas J. Pasuit,
Inc,
	  		  	
				
		 	(4) Taxpayer I.D. Number: 43-0285930	  		  	
				
		 	 (5) UK Passport Treaty Number (if applicable):
       13/G/63177/DTTP
	  		  	

  
 SCHEDULE A -
36 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	METLIFE INVESTORS USA INSURANCE COMPANY	  	Series A: $3,300,000.00	  	Series A: $3,300,000.00
				
		 		  	Series B: $1,100,000.00	  	Series B: $1,100,000.00
		 	 c/o Metropolitan Life Insurance Company
 1095 Avenue of the Americas
 New York, New York 10036
	  		  	
				
		 	(Securities to be registered in the name of MetLife Investors USA Insurance Company)	  		  	
				
		 	(1) All scheduled payments of principal and interest by wire transfer of immediately available funds to:	  		  	
				
		 	 Bank Name:     JPMorgan Chase Bank

ABA Routing #:         021-000-021

Account No.:     002-2-431530
 Account Name:         MetLife Investors USA Insurance Company
 Ref:     Casey’s General Stores Inc. 3.67% Due 6/17/28 or Casey’s General Stores Inc. 3.75% Due 12/17/28, as applicable
	  		  	
				
		 	 with sufficient information to identify the source and application of such funds, including issuer, PPN#, interest rate, maturity and whether payment
is of principal, interest, make whole amount or otherwise.
	  		  	
				
		 	 For all payments other than scheduled payments of principal and interest, the Company shall seek instructions from the holder, and in the absence of
instructions to the contrary, will make such payments to the account and in the manner set forth above.
	  		  	
				
		 	 (2) All notices and communications:
  

MetLife Investors USA Insurance Company
	  		  	

  
 SCHEDULE A -
37 

							
		 	 c/o Metropolitan Life Insurance Company
 Investments, Private Placements
 P.O. Box 1902

10 Park Avenue
 Morristown, New Jersey 07962-1902
 Attention: Director

Facsimile (973) 355-4250
	  		  	
				
		 	 With a copy OTHER than with respect to deliveries of financial statements to:
	  		  	
				
		 	 MetLife Investors USA Insurance Company

c/o Metropolitan Life Insurance Company
 P.O. Box 1902
 10 Park Avenue

Morristown, New Jersey 07962-1902
 Attention: Chief Counsel-Securities Investments (PRIV)
 Email:
sec_invest_law@metlife.com
	  		  	
				
		 	(3) Original notes delivered to:	  		  	
				
		 	 MetLife Investors USA Insurance Company
 c/o Metropolitan Life Insurance Company
 Securities Investments, Law
Department
 10 Park Avenue
 Morristown, New Jersey 07962-1902
 Attention: Thomas J. Pasuit,
Esq.
	  		  	
				
		 	(4) Taxpayer I.D. Number: 54-0696644	  		  	
				
		 	 (5) UK Passport Treaty Number (if applicable):
       13/M/271420/DTTP
	  		  	

  
 SCHEDULE A -
38 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	METROPOLITAN TOWER LIFE INSURANCE COMPANY	  	Series A: $3,300,000.00	  	Series A: $3,300,000.00
				
		 		  	Series B: $1,100,000.00	  	Series B: $1,100,000.00
		 	 c/o Metropolitan Life Insurance Company
 1095 Avenue of the Americas
 New York, New York 10036
	  		  	
				
		 	(Securities to be registered in the name of Metropolitan Tower Life Insurance Company)	  		  	
				
		 	(1) All scheduled payments of principal and interest by wire transfer of immediately available funds to:	  		  	
				
		 	 Bank Name:     JPMorgan Chase Bank

ABA Routing #:         021-000-021

Account No.:         002-2-403778

Account Name: Metropolitan Tower Life Insurance Company
 Ref:         Casey’s General Stores Inc. 3.67% Due 6/17/28 or Casey’s General Stores Inc. 3.75% Due 12/17/28, as applicable
	  		  	
				
		 	 with sufficient information to identify the source and application of such funds, including issuer, PPN#, interest rate, maturity and whether payment
is of principal, interest, make whole amount or otherwise.
	  		  	
				
		 	 For all payments other than scheduled payments of principal and interest, the Company shall seek instructions from the holder, and in the absence of
instructions to the contrary, will make such payments to the account and in the manner set forth above.
	  		  	
				
		 	(2) All notices and communications:	  		  	

  
 SCHEDULE A -
39 

							
		 	 METROPOLITAN TOWER LIFE INSURANCE COMPANY

c/o Metropolitan Life Insurance Company
 Investments, Private Placements
 10 Park Avenue

Morristown, New Jersey 07962-1902
 Attention: Director
 Facsimile (973) 355-4250
	  		  	
				
		 	 With a copy OTHER than with respect to deliveries of financial statements to:
	  		  	
				
		 	 METROPOLITAN TOWER LIFE INSURANCE COMPANY

c/o Metropolitan Life Insurance Company
 P.O. Box 1902
 10 Park Avenue

Morristown, New Jersey 07962-1902
 Attention: Chief Counsel-Securities Investments
 (PRIV) Email:
sec_invest_law@metlife.com
	  		  	
				
		 	(3) Original notes delivered to:	  		  	
				
		 	 METROPOLITAN TOWER LIFE INSURANCE COMPANY

c/o Metropolitan Life Insurance Company
 Securities Investments, Law Department
 P.O. Box 1902

10 Park Avenue
 Morristown, New Jersey 07962-1902
 Attention: Thomas J. Pasuit,
Esq.
	  		  	
				
		 	(4) Taxpayer I.D. Number: 13-3114906	  		  	
				
		 	 (5) UK Passport Treaty Number (if applicable):
       13/M/298329/DTTP
	  		  	

  
 SCHEDULE A -
40 

							
	 	 	 	  	 Aggregate

Principal

Amount of

Notes
 to
be Purchased
	  	 Note
Denomination(s)

		 	UNION FIDELITY LIFE INSURANCE COMPANY	  	Series A: $4,400,000.00	  	Series A: $4,400,000.00
				
		 		  	Series B: $1,500,000.00	  	Series B: $1,500,000.00
		 	 C/O Jane Kipper
 5700
Broadmoor, Suite 1000
 Mission, KS 66202
	  		  	
				
		 	(Securities to be registered in the name of Hare & Co.)	  		  	
				
		 	(1) All scheduled payments of principal and interest by wire transfer of immediately available funds to:	  		  	
				
		 	 Bank Name:          Bank of New York Mellon

ABA Routing #:   021000018
 Account No.:        GLA 111565
 For Further
Credit to TAS No. 127036
 Account Name: Union Fidelity Life Insurance Company

Ref: FRFCLSS PP– Casey’s General Stores Inc. 3.67% Due 6/17/28 or FRFCLSS PP– Casey’s General Stores Inc. 3.75%
Due 12/17/28, as applicable
	  		  	
				
		 	 with sufficient information to identify the source and application of such funds, including issuer, PPN#, interest rate, maturity and whether payment
is of principal, interest, make whole amount or otherwise.
	  		  	
				
		 	 For all payments other than scheduled payments of principal and interest, the Company shall seek instructions from the holder, and in the absence of
instructions to the contrary, will make such payments to the account and in the manner set forth above.
	  		  	
				
		 	(2) All notices and communications:	  		  	

  
 SCHEDULE A -
41 

							
				
		 	 Union Fidelity Life Insurance Company
 c/o MetLife Investment Management, LLC
 Investments, Private
Placements
 P.O. Box 1902, 10 Park Avenue
 Morristown, New Jersey 07962-1902
 Attention: Director

Facsimile (973) 355-4250
	  		  	
				
		 	 With a copy OTHER than with respect to deliveries of financial statements to:
	  		  	
				
		 	 Union Fidelity Life Insurance Company
 c/o MetLife Investment Management, LLC
 P.O. Box 1902, 10 Park
Avenue
 Morristown, New Jersey 07962-1902
 Attention: Chief Counsel-Securities Investments (PRIV)
 Email:
sec_invest_law@metlife.com
	  		  	
				
		 	(3) Original notes delivered to:	  		  	
				
		 	 Bank of New York Mellon
 1 Wall Street, 3rd Floor Window A
 New York, NY 10286

Attention: Anthony Saviano
 212-635-6764
	  		  	
				
		 	 With COPIES OF THE NOTES emailed to tpasuit@metlife.com
	  		  	
				
		 	(4) Taxpayer I.D. Number: 310252460	  		  	

  
 SCHEDULE A -
42 

 SCHEDULE B 
 DEFINED TERMS 
 As used herein, the following terms have the
respective meanings set forth below or set forth in the Section hereof following such term: 
 “Affiliate”
means, at any time, and with respect to any Person, any other Person that at such time directly or indirectly through one or more intermediaries Controls, or is Controlled by, or is under common Control with, such first Person. As used in this
definition, “Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.
Unless the context otherwise clearly requires, any reference to an “Affiliate” is a reference to an Affiliate of the Company. 
 “Anti-Corruption Laws” is defined in Section 5.16(d)(1). 

“Anti-Money Laundering Laws” is defined in Section 5.16(c). 

“Asset Disposition” means the sale, lease, conveyance, disposition or other transfer of any assets other than those:

 (a) from a Subsidiary to the Company or a Wholly Owned Subsidiary; 

(b) from the Company to a Wholly Owned Subsidiary; and 

(c) made in the ordinary course of business, including sales of obsolete assets or inventory held for sale. 

“Blocked Person” is defined in Section 5.16(a). 

“Business Day” means (a) for the purposes of Section 8.6 only, any day other than a Saturday, a Sunday or a day
on which commercial banks in New York City are required or authorized to be closed, and (b) for the purposes of any other provision of this Agreement, any day other than a Saturday, a Sunday or a day on which commercial banks in New York City
or Chicago, Illinois are required or authorized to be closed. 
 “Capital Lease” means, at any time, a lease
with respect to which the lessee is required concurrently to recognize the acquisition of an asset and the incurrence of a liability in accordance with GAAP. 
 “Change in Control” is defined in Section 8.7(g). 

“CISADA” means the Comprehensive Iran Sanctions, Accountability and Divestment Act. 

“Closings” is defined in Section 3. 

  
 SCHEDULE B - 1

 “Code” means the Internal Revenue Code of 1986, as amended from time to
time, and the rules and regulations promulgated thereunder from time to time. 
 “Company” means Casey’s
General Stores, Inc., an Iowa corporation or any successor that becomes such in the manner prescribed in Section 10.5. 

“Confidential Information” is defined in Section 20. 

“Consolidated EBITDA” means, for any period, Consolidated Net Income for such period plus, to the extent deducted in
calculating Consolidated Net Income for such period, (i) Consolidated Interest Expense, (ii) all provisions for federal, state and other income taxes, (iii) depreciation and amortization expense, including amortization of goodwill and
other intangible assets, and (iv) non-cash stock option expense, in each case determined on a consolidated basis in accordance with GAAP. If, during the period for which Consolidated EBITDA is being calculated, the Company or any Subsidiary has
acquired one or more Persons (or the assets thereof), or made any Disposition, in any transaction or group of related transactions, which acquisition or Disposition, as the case may be, the Company is required to disclose in the Company’s
financial statements pursuant to Statement of Financial Accounting Standards (SFAS) No. 141, Consolidated EBITDA shall be calculated on a pro forma basis as if the transaction or transactions had occurred on the first day of such period.

 “Consolidated EBITR” means, for any period, Consolidated Net Income for such period, plus, to the extent
deducted in calculating Consolidated Net Income for such period, (i) Consolidated Interest Expense, (ii) all provisions for federal, state and other income taxes, and (iii) Consolidated Rental Expense, in each case determined on a
consolidated basis in accordance with GAAP. If, during the period for which Consolidated EBITR is being calculated, the Company or any Subsidiary has acquired one or more Persons (or the assets thereof), or made any Disposition, in any transaction
or group of related transactions, which acquisition or Disposition, as the case may be, the Company is required to disclose in the Company’s financial statements pursuant to Statement of Financial Accounting Standards (SFAS) No. 141,
Consolidated EBITR shall be calculated on a pro forma basis as if the transaction or transactions had occurred on the first day of such period. 
 “Consolidated Interest Expense” means, for any period, the consolidated interest expense of the Company and its Subsidiaries for such period determined on a consolidated basis in
accordance with GAAP. 
 “Consolidated Net Income” means, for any period, the net income (or deficit) of the
Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP, but excluding in any event (a) any extraordinary, unusual or nonrecurring gain or loss (net of any tax effect) or any gain or loss from
discontinued operations and (b) net earnings of any Person (other than a Subsidiary) in which the Company or any Subsidiary has an ownership interest unless such net earnings shall have actually been received by the Company or such Subsidiary
in the form of cash distributions. 

  
 SCHEDULE B - 2

 “Consolidated Net Worth” means, as of any date, the consolidated
shareholders’ equity of the Company and its Subsidiaries as of such date determined in accordance with GAAP. 

“Consolidated Rental Expense” means , for any period, the aggregate amounts payable by the Company and its Subsidiaries
under leases (other than Capital Leases for such period), determined on a consolidated basis in accordance with GAAP. 

“Consolidated Total Assets” means, as of any date, the assets and properties of the Company and its Subsidiaries as of
such date determined on a consolidated basis in accordance with GAAP. 
 “Consolidated Total Debt” means, as of
any date, all Indebtedness of the Company and its Subsidiaries as of such date, including current maturities of such obligations, determined on a consolidated basis in accordance with GAAP. 

“Controlled Entity” means (i) any of the Subsidiaries of the Company and any of their or the Company’s
respective Controlled Affiliates and (ii) if the Company has a parent company, such parent company and its Controlled Affiliates. As used in this definition, “Control” means the possession, directly or indirectly, of the power to
direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 
 “Default” means an event or condition the occurrence or existence of which would, with the lapse of time or the giving of notice or both, become an Event of Default. 

“Default Rate” means that rate of interest that is the greater of (i) 2.0% per annum above the rate of interest
stated in clause (a) of the first paragraph of the Notes or (ii) 2.0% over the rate of interest publicly announced by JPMorgan Chase Bank, N.A. in Chicago, Illinois as its “base” or “prime” rate. 

“Disposition” means an Asset Disposition of all or substantially all of the assets of any Subsidiary, or any business
group, division or unit of the Company or any Subsidiary, or the sale, conveyance, disposition or other transfer of any capital stock of any Subsidiary to any Person other than the Company or another Subsidiary. 

“Electronic Delivery” is defined in Section 7.1(a). 

“Environmental Laws” means any and all Federal, state, local and foreign statutes, laws, regulations, ordinances, rules,
judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any materials into the environment, including but
not limited to those related to Hazardous Materials. 
 “ERISA” means the Employee Retirement Income Security
Act of 1974, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. 

  
 SCHEDULE B - 3

 “ERISA Affiliate” means any trade or business (whether or not incorporated)
that is treated as a single employer together with the Company under section 414 of the Code. 
 “Event of Default”
is defined in Section 11. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from
time to time and the rules and regulations promulgated thereunder from time to time in effect. 
 “First
Closing” is defined in Section 3. 
 “Form 10-K” is defined in Section 7.1(b). 

“Form 10-Q” is defined in Section 7.1(a). 
 “GAAP” means generally accepted accounting principles as in effect from time to time in the United States of America. 

“Governmental Official” means any governmental official or employee, employee of any government-owned or
government-controlled entity, political party, any official of a political party, candidate for political office, official of any public international organization or anyone else acting in an official capacity. 

“Governmental Authority” means 
 (a) the government of 
 (i) the United States of America or any
State or other political subdivision thereof, or 
 (ii) any other jurisdiction in which the Company or any
Subsidiary conducts all or any part of its business, or which asserts jurisdiction over any properties of the Company or any Subsidiary, or 
 (b) any entity exercising executive, legislative, judicial, regulatory or administrative functions of, or pertaining to, any such government. 

“Guaranty” means, with respect to any Person, any obligation (except the endorsement in the ordinary course of business
of negotiable instruments for deposit or collection) of such Person guaranteeing or in effect guaranteeing any Indebtedness, dividend or other obligation of any other Person in any manner, whether directly or indirectly, including (without
limitation) obligations incurred through an agreement, contingent or otherwise, by such Person: 
 (a) to
purchase such Indebtedness or obligation or any property constituting security therefor; 
 (b) to advance or
supply funds (i) for the purchase or payment of such Indebtedness or obligation, or (ii) to maintain any working capital or other balance sheet condition or any income statement condition of any other Person or otherwise to advance or make
available funds for the purchase or payment of such Indebtedness or obligation; 

  
 SCHEDULE B - 4

 (c) to lease properties or to purchase properties or services primarily for
the purpose of assuring the owner of such Indebtedness or obligation of the ability of any other Person to make payment of the Indebtedness or obligation; or 
 (d) otherwise to assure the owner of such Indebtedness or obligation against loss in respect thereof. 
 In any computation of the Indebtedness or other liabilities of the obligor under any Guaranty, the Indebtedness or other obligations that are the subject of such Guaranty shall be assumed to be direct
obligations of such obligor. 
 “Guaranty Agreement” is defined in Section 9.7. 

“Hazardous Material” means any and all pollutants, toxic or hazardous wastes or any other substances that might pose a
hazard to health and safety, the removal of which may be required or the generation, manufacture, refining, production, processing, treatment, storage, handling, transportation, transfer, use, disposal, release, discharge, spillage, seepage, or
filtration of which is or shall be restricted, prohibited or penalized by any applicable law (including, without limitation, asbestos, urea formaldehyde foam insulation, polychlorinated biphenyls, petroleum, petroleum products, lead based paint,
radon gas or similar restricted, prohibited or penalized substances). 
 “holder” means, with respect to any
Note, the Person in whose name such Note is registered in the register maintained by the Company pursuant to Section 13.1. 

“Incumbent Directors” is defined in Section 8.7(g). 

“Indebtedness” with respect to any Person means, at any time, without duplication, 

(a) its liabilities for borrowed money and its redemption obligations in respect of mandatorily redeemable Preferred
Stock; 
 (b) its liabilities for the deferred purchase price of property acquired by such Person (excluding
accounts payable arising in the ordinary course of business but including all liabilities created or arising under any conditional sale or other title retention agreement with respect to any such property); 

(c) (i) all liabilities appearing on its balance sheet in accordance with GAAP in respect of Capital Leases and
(ii) all liabilities which would appear on its balance sheet in accordance with GAAP in respect of Synthetic Leases assuming such Synthetic Leases were accounted for as Capital Leases; 

  
 SCHEDULE B - 5

 (d) all liabilities for borrowed money secured by any Lien with respect to
any property owned by such Person (whether or not it has assumed or otherwise become liable for such liabilities); 
 (e) all its liabilities in respect of letters of credit or instruments serving a similar function issued or accepted for its account by banks and other financial institutions (whether or not representing
obligations for borrowed money); 
 (f) the aggregate Swap Termination Value of all Swap Contracts of such
Person; and 
 (g) any Guaranty of such Person with respect to liabilities of a type described in any of clauses
(a) through (f) hereof. 
 “Indemnified Person” is defined in Section 15.1(b). 

“Institutional Investor” means (a) any Purchaser of a Note, (b) any holder of a Note holding (together with one
or more of its affiliates) more than 5% of the aggregate principal amount of the Notes then outstanding, (c) any bank, trust company, savings and loan association or other financial institution, any pension plan, any investment company, any
insurance company, any broker or dealer, or any other similar financial institution or entity, regardless of legal form, and (d) any Related Fund of any holder of any Note. 

“Lien” means, with respect to any Person, any mortgage, lien, pledge, charge, security interest or other encumbrance, or
any interest or title of any vendor, lessor, lender or other secured party to or of such Person under any conditional sale or other title retention agreement or Capital Lease, upon or with respect to any property or asset of such Person (including,
in the case of stock, shareholder agreements, voting trust agreements and all similar arrangements). 
 “Make-Whole
Amount” is defined in Section 8.6. 
 “Material” means material in relation to the business,
operations, affairs, financial condition, assets or properties of the Company and its Subsidiaries taken as a whole. 

“Material Adverse Effect” means a material adverse effect on (a) the business, operations, affairs, financial
condition, assets or properties of the Company and its Subsidiaries taken as a whole, (b) the ability of the Company to perform its obligations under this Agreement and the Notes, or (c) the validity or enforceability of this Agreement,
the Notes or any Guaranty Agreement. 
 “Maturity Date” means, with respect to the Series A Notes, June 15,
2028, and, with respect to the Series B Notes, December 18, 2028. 
 “Multiemployer Plan” means any Plan
that is a “multiemployer plan” (as such term is defined in section 4001(a)(3) of ERISA). 

  
 SCHEDULE B - 6

 “NAIC” means the National Association of Insurance Commissioners or any
successor thereto. 
 “Notes” is defined in Section 1. 

“OFAC” is defined in Section 5.16(a). 
 “OFAC Listed Person” is defined in Section 5.16(a). 

“Officer’s Certificate” means a certificate of a Senior Financial Officer or of any other officer of the Company
whose responsibilities extend to the subject matter of such certificate. 
 “PBGC” means the Pension Benefit
Guaranty Corporation referred to and defined in ERISA or any successor thereto. 
 “Person” means an individual,
partnership, corporation, limited liability company, association, trust, unincorporated organization, business entity or Governmental Authority. 
 “Plan” means an “employee benefit plan” (as defined in section 3(3) of ERISA) subject to Title I of ERISA that is or, within the preceding five years, has been established or
maintained, or to which contributions are or, within the preceding five years, have been made or required to be made, by the Company or any ERISA Affiliate or with respect to which the Company or any ERISA Affiliate may have any liability.

 “Primary Credit Facility” shall mean any credit agreement, note purchase agreement, indenture or any other
term loan or working capital facility of the Company, and any successor or replacement thereof having an aggregate principal amount of Indebtedness, or commitments therefor, of $25,000,000 or greater. 

“Priority Debt” means, as of any date, the sum (without duplication) of (i) Indebtedness of the Company and its
Subsidiaries secured by Liens not otherwise permitted by Sections 10.4(a) through (h), and (ii) outstanding unsecured Indebtedness of Subsidiaries not otherwise permitted by Sections 10.3(a) through (c). 

“Preferred Stock” means any class of capital stock of a Person that is preferred over any other class of capital stock
(or similar equity interests) of such Person as to the payment of dividends or the payment of any amount upon liquidation or dissolution of such Person. 
 “Proceeding” is defined in Section 15.1(b). 

“property” or “properties” means, unless otherwise specifically limited, real or personal property of
any kind, tangible or intangible, choate or inchoate. 
 “Proposed Prepayment Date” is defined in
Section 8.7(b). 
 “PTE” is defined in Section 6.2(a). 

  
 SCHEDULE B - 7

 “Purchaser” is defined in the first paragraph of this Agreement.

 “Qualified Institutional Buyer” means any Person who is a “qualified institutional buyer” within
the meaning of such term as set forth in Rule 144A(a)(1) under the Securities Act. 
 “Related Fund” means, with
respect to any holder of any Note, any fund or entity that (i) invests in Securities or bank loans, and (ii) is advised or managed by such holder, the same investment advisor as such holder or by an affiliate of such holder or such
investment advisor. 
 “Required Holders” means, at any time, (i) prior to the date of the Second Closing,
(A) the Purchasers of the Series B Notes and (B) the holders of a majority in principal amount of the Series A Notes at the time outstanding (exclusive of Series A Notes then owed by the Company or any of its Affiliates) and (ii) on
or after the date of the Second Closing, the holders of a majority in principal amount of the Notes at the time outstanding (exclusive of Notes then owned by the Company or any of its Affiliates). 

“Responsible Officer” means any Senior Financial Officer and any other officer of the Company with responsibility for the
administration of the relevant portion of this Agreement. 
 “SEC” shall mean the Securities and Exchange
Commission of the United States, or any successor thereto. 
 “Second Closing” is defined in Section 3.

 “Securities” or “Security” shall have the meaning specified in Section 2(1) of the
Securities Act. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time and the rules
and regulations promulgated thereunder from time to time in effect. 
 “Senior Financial Officer” means the
chief financial officer, principal accounting officer, treasurer or comptroller of the Company. 
 “Series A Notes”
is defined in Section 1. 
 “Series B Notes” is defined in Section 1. 

“Significant Subsidiary” means at any time any Subsidiary that would at such time constitute a “significant
subsidiary” (as such term is defined in Regulation S-X of the SEC as in effect on the date of this Agreement) of the Company. 
 “Solvent” shall mean, with respect to any Person at any time, that at such time (i) the sum of the debts and liabilities (including, without limitation, contingent liabilities of
such Person) is not greater than all of the assets of such Person at a fair valuation, (ii) the present fair salable value of the assets of such Person (including goodwill) is not less than the amount that

  
 SCHEDULE B - 8

 
will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (iii) such Person has not incurred debts or liabilities (including, without
limitation, contingent liabilities) beyond such Person’s ability to pay as such debts and liabilities mature, (iv) such Person is not engaged in, and is not about to engage in, a business or a transaction for which such person’s
property constitutes or would constitute unreasonably small capital, and (v) such Person is not otherwise insolvent as defined in, or otherwise in a condition which could reasonably be expected to render any transfer, conveyance, obligation or
act then made, incurred or performed by it avoidable or fraudulent pursuant to, any law, rule or regulation that may be applicable to such Person pertaining to bankruptcy, insolvency or creditors’ rights, fraudulent conveyance or fraudulent
transfers or preferences. 
 “Subsidiary” means, as to any Person, any corporation, association or other
business entity in which such Person or one or more of its Subsidiaries or such Person and one or more of its Subsidiaries owns sufficient equity or voting interests to enable it or them (as a group) ordinarily, in the absence of contingencies, to
elect a majority of the directors (or Persons performing similar functions) of such entity, and any partnership, limited liability company or joint venture if more than a 50% interest in the profits or capital thereof is owned by such Person or one
or more of its Subsidiaries or such Person and one or more of its Subsidiaries (unless such partnership or joint venture can and does ordinarily take major business actions without the prior approval of such Person or one or more of its
Subsidiaries). Unless the context otherwise clearly requires, any reference to a “Subsidiary” is a reference to a Subsidiary of the Company. Notwithstanding the foregoing, “Subsidiary” shall not be deemed to include First
Heartland Captive Insurance Company. 
 “Subsidiary Guarantor” shall mean any Subsidiary of the Company which
has executed and delivered a Guaranty Agreement, so long as such Subsidiary has not been released from its obligations under its respective Guaranty Agreement pursuant to the terms of Section 9.7. 

“Surviving Person” is defined in Section 8.7(g). 

“SVO” means the Securities Valuation Office of the NAIC or any successor to such Office. 

“Swap Contract” means (a) any and all interest rate swap transactions, basis swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward foreign exchange transactions,
cap transactions, floor transactions, currency options, spot contracts or any other similar transactions or any of the foregoing (including, but without limitation, any options to enter into any of the foregoing), and (b) any and all
transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign
Exchange Master Agreement. 

  
 SCHEDULE B - 9

 “Swap Termination Value” means, in respect of any one or more Swap
Contracts, after taking into account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in
accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based upon one or more mid-market
or other readily available quotations provided by any recognized dealer in such Swap Contracts. 
 “Synthetic Lease”
means, at any time, any lease (including leases that may be terminated by the lessee at any time) of any property (a) that is accounted for as an operating lease under GAAP and (b) in respect of which the lessee retains or obtains
ownership of the property so leased for United States federal income tax purposes, other than any such lease under which such Person is the lessor. 
 “Ultimate Parent” is defined in Section 8.7(g). 

“USA Patriot Act” means United States Public Law 107-56, Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, as amended from time to time, and the rules and regulations promulgated thereunder from time to time in effect. 

“U.S. Economic Sanctions” is defined in Section 5.16(a). 

“Wholly Owned Subsidiary” means, at any time, any Subsidiary, all of the equity interests (except directors’
qualifying shares) and voting `interests of which are owned by any one or more of the Company and the Company’s other Wholly Owned Subsidiaries at such time. 

  
 SCHEDULE B -
10 

 SCHEDULE 5.3 
 Disclosure Materials 
 Annual Report on Form 10-K for year ended April 30, 2012.

 Current report on Form 8-K filed with the SEC on July 16, 2012 
 Form DEF 14A filed with the SEC on August 3, 2012 
 Annual Report to Shareholders (ARS) filed
with the SEC on August 6, 2012 
 Current report on Form 8-K filed with the SEC on August 15, 2012 

Current report on Form 8-K filed with the SEC on September 10, 2012 
 Quarterly Report on Form 10-Q filed with the SEC on September 10, 2012 
 Current report on
Form 8-K filed with the SEC on September 11, 2012 
 Current report on Form 8-K filed with the SEC on September 17, 2012 

Current report on Form 8-K filed with the SEC on October 15, 2012 
 Current report on Form 8-K filed with the SEC on November 15, 2012 
 Current report on Form
8-K filed with the SEC on December 10, 2012 
 Quarterly Report on Form 10-Q filed with the SEC on December 10, 2012 

Current report on Form 8-K filed with the SEC on December 11, 2012 
 Current report on Form 8-K filed with the SEC on December 19, 2012 
 Current report on Form
8-K filed with the SEC on January 15, 2013 
 Current report on Form 8-K filed with the SEC on February 12, 2013 

Current report on Form 8-K filed with the SEC on February 14, 2013 
 Current report on Form 8-K filed with the SEC on March 11, 2013 
 Quarterly Report on Form
10-Q filed with the SEC on March 11, 2013 
 Current report on Form 8-K filed with the SEC on March 12, 2013 

Current report on Form 8-K filed with the SEC on April 15, 2013 
 Current report on Form 8-K filed with the SEC on May 15, 2013 
 Current report on Form 8-K
filed with the SEC on June 13, 2013 
 Current report on Form 8-K filed with the SEC on June 14, 2013 

  
 SCHEDULE 5.3 -
1 

 SCHEDULE 5.4 
 Organization and Ownership of Shares of Subsidiaries; Affiliates 
  

					
	 	  	 	  	Percentage of Voting
	 	  	Jurisdiction of	  	Stock Owned by the
	 Name of Subsidiary
	  	Incorporation	  	Company
	 Casey’s Services Company
	  	Iowa	  	100%
	 Casey’s Marketing Company
	  	Iowa	  	100%
	 Casey’s Retail Company
	  	Iowa	  	100%
	 CGS Sales Corp.
	  	Iowa	  	100%

  
 SCHEDULE 5.4 -
1 

 SCHEDULE 5.5 
 Financial Statements 
 Annual Report on Form 10-K for the fiscal year ended April 30,
2010. 
 Annual Report on Form 10-K for the fiscal year ended April 30, 2011. 
 Annual Report on Form 10-K for the fiscal year ended April 30, 2012. 

  
 SCHEDULE 5.5 -
1 

 SCHEDULE 5.8 
 Litigation 
 None 

  
 SCHEDULE 5.8 -
1 

 SCHEDULE 5.14 
 Use of Proceeds 
 The Company will use the proceeds from the issuance of the Notes for
general corporate purposes. 

  
 SCHEDULE 5.14
- 1 

 SCHEDULE 5.15 

Existing Indebtedness; Future Liens 
 The Company is the obligor of all debt listed below. Outstanding balances as of April 30, 2013. See footnote for obligees and collateral. 

 

					
	 Capitalized lease obligations (1)
	  	$	 9,890,597	  
	 Senior Notes 5.72% (2)
	  	 	90,000,000	  
	 Senior Notes 5.22% (2)
	  	 	569,000,000	  
		  	  
	  
	 
		  	$	668,890,597	  

  

	(1)	Obligees – Delage Landen, Key Equipment Finance, Konica Minolta Premier, Sondra Boniface, Provest Company, RCP Group, Chipokas, LLC, MAV Holdings, Rosenberg Trust,
RBL Management Corp. 

 Collateral – Various Print Shop and IT equipment, as well as 5 stores and one
additional lot. 

	(2)	Obligees – Various institutional investors Collateral – Unsecured 

  
 SCHEDULE 5.15
- 1 

 SCHEDULE 5.18 
 Environmental Matters – Certain Products of the Company and its Subsidiaries 
 The business operations of the Company and its Subsidiaries entail the operation of convenience stores, including the sale of gasoline, in 14 Midwestern states. Such business operations include the sale,
storage, transportation and use of petroleum and petroleum products, household products, sanitary and cleaning supplies, lawn and garden supplies, and other miscellaneous automotive products, some of which may or do contain Hazardous Materials as
defined herein. In the ordinary course of the business operations of the Company and its Subsidiaries, quantities of such petroleum and petroleum products, household products, sanitary and cleaning supplies, lawn and garden supplies and other
automotive products are stored on the premises of their stores and distribution center facilities. 

  
 SCHEDULE 5.18
- 1 

 SCHEDULE 10.3 
 Indebtedness of Subsidiaries 
 None. 

  
 SCHEDULE 10.3
- 1 

 SCHEDULE 10.4 
 Liens 
 None. 

  
 SCHEDULE 10.4
- 1 

 EXHIBIT 1(a) 
 [FORM OF SERIES A NOTE] 
 CASEY’S GENERAL STORES, INC.

 3.67% SENIOR NOTE, SERIES A, 
 DUE JUNE 15, 2028 
  

			
	 No. RA-[    ]
	  	[Date]
	 $[                    
]
	  	PPN: 147528 E#6

 FOR VALUE RECEIVED, the undersigned, CASEY’S GENERAL STORES, INC. (herein called the
“Company”), a corporation organized and existing under the laws of the State of Iowa, promises to pay to [            ], or registered assigns, the principal sum of
[            ] DOLLARS ($[            ]) (or so much thereof as shall not have been prepaid) on June 15, 2028 with interest
(computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 3.67% per annum from the date hereof, payable semiannually, on the December 17 and June 17 in each year, commencing
with the December 17 or June 17 next succeeding the date hereof, until the principal hereof shall have become due and payable, and (b) to the extent permitted by law, on any overdue payment (including any overdue prepayment) of
principal, any overdue payment of interest and any overdue payment of any Make-Whole Amount, payable semiannually as aforesaid (or, at the option of the registered holder hereof, on demand), at a rate per annum from time to time equal to the greater
of (i) 5.67% or (ii) 2.0% over the rate of interest publicly announced by JPMorgan Chase Bank, N.A. from time to time in Chicago, Illinois as its “base” or “prime” rate. 

Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the United
States of America at the principal office of JPMorgan Chase Bank, N.A. in Chicago or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase Agreement referred to below.

 This Note is one of a series of Senior Notes (herein called the “Notes”) issued pursuant to the Note Purchase
Agreement, dated as of June 17, 2013 (as from time to time amended, the “Note Purchase Agreement”), between the Company and the respective Purchasers named therein and is entitled to the benefits thereof. Each holder of this Note will
be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 20 of the Note Purchase Agreement and (ii) made the representation set forth in Section 6.2 of the Note Purchase
Agreement. Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note Purchase Agreement. 
 This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for registration of transfer, duly endorsed, or accompanied by a written instrument of transfer
duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and registered in the name of, the transferee. Prior to due presentment for
registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other purposes, and the Company will not be affected by any notice to the contrary.

  
 EXHIBIT 1(a) -
1 

 The Company will make required prepayments of principal on the dates and in the amounts
specified in the Note Purchase Agreement. This Note is also subject to optional prepayment, in whole or from time to time in part, at the times and on the terms specified in the Note Purchase Agreement, but not otherwise. 

If an Event of Default occurs and is continuing, the principal of this Note may be declared or otherwise become due and payable in the
manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase Agreement. 

This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed
by, the law of the State of Illinois excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State. 

 

	
	CASEY’S GENERAL STORES, INC.
	
	
By:                       
                                         
                                

	 Name: Robert J. Myers

	 Title: President and Chief Executive Officer

	
	Attest:
	
	
By:                       
                                         
                                

	 Name: Brian J. Johnson

	 Title: Vice President – Finance and Corporate Secretary

  
 EXHIBIT 1(a) -
2 

 EXHIBIT 1(b) 
 [FORM OF SERIES B NOTE] 
 CASEY’S GENERAL STORES, INC.

 3.75% SENIOR NOTE, SERIES B, 
 DUE DECEMBER 18, 2028 
  

			
	 No. RB-[    ]
	  	[Date]
		
	 $[                    
]
	  	PPN: 147528 F*9

 FOR VALUE RECEIVED, the undersigned, CASEY’S GENERAL STORES, INC. (herein called the
“Company”), a corporation organized and existing under the laws of the State of Iowa, promises to pay to [            ], or registered assigns, the principal sum of
[            ] DOLLARS ($[            ]) (or so much thereof as shall not have been prepaid) on December 18, 2028 with
interest (computed on the basis of a 360-day year of twelve 30-day months) (a) on the unpaid balance hereof at the rate of 3.75% per annum from the date hereof, payable semiannually, on the December 17 and June 17 in each year,
commencing with the December 17 or June 17 next succeeding the date hereof, until the principal hereof shall have become due and payable, and (b) to the extent permitted by law, on any overdue payment (including any overdue
prepayment) of principal, any overdue payment of interest and any overdue payment of any Make-Whole Amount, payable semiannually as aforesaid (or, at the option of the registered holder hereof, on demand), at a rate per annum from time to time equal
to the greater of (i) 5.75% or (ii) 2.0% over the rate of interest publicly announced by JPMorgan Chase Bank, N.A. from time to time in Chicago, Illinois as its “base” or “prime” rate. 

Payments of principal of, interest on and any Make-Whole Amount with respect to this Note are to be made in lawful money of the United
States of America at the principal office of JPMorgan Chase Bank, N.A. in Chicago or at such other place as the Company shall have designated by written notice to the holder of this Note as provided in the Note Purchase Agreement referred to below.

 This Note is one of a series of Senior Notes (herein called the “Notes”) issued pursuant to the Note Purchase
Agreement, dated as of June 17, 2013 (as from time to time amended, the “Note Purchase Agreement”), between the Company and the respective Purchasers named therein and is entitled to the benefits thereof. Each holder of this Note will
be deemed, by its acceptance hereof, to have (i) agreed to the confidentiality provisions set forth in Section 20 of the Note Purchase Agreement and (ii) made the representation set forth in Section 6.2 of the Note Purchase
Agreement. Unless otherwise indicated, capitalized terms used in this Note shall have the respective meanings ascribed to such terms in the Note Purchase Agreement. 
 This Note is a registered Note and, as provided in the Note Purchase Agreement, upon surrender of this Note for registration of transfer, duly endorsed, or accompanied by a written instrument of transfer
duly executed, by the registered holder hereof or such holder’s attorney duly authorized in writing, a new Note for a like principal amount will be issued to, and registered in the name of, the transferee. Prior to due presentment for
registration of transfer, the Company may treat the person in whose name this Note is registered as the owner hereof for the purpose of receiving payment and for all other purposes, and the Company will not be affected by any notice to the contrary.

  
 EXHIBIT 1(b) -
1 

 The Company will make required prepayments of principal on the dates and in the amounts
specified in the Note Purchase Agreement. This Note is also subject to optional prepayment, in whole or from time to time in part, at the times and on the terms specified in the Note Purchase Agreement, but not otherwise. 

If an Event of Default occurs and is continuing, the principal of this Note may be declared or otherwise become due and payable in the
manner, at the price (including any applicable Make-Whole Amount) and with the effect provided in the Note Purchase Agreement. 

This Note shall be construed and enforced in accordance with, and the rights of the Company and the holder of this Note shall be governed
by, the law of the State of Illinois excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than such State. 

 

	
	CASEY’S GENERAL STORES, INC.
	
	
By:                       
                                         
                                

	 Name: Robert J. Myers

	 Title: President and Chief Executive Officer

	
	Attest:
	
	
By:                       
                                         
                                

	 Name: Brian J. Johnson

	 Title: Vice President – Finance and Corporate Secretary

  
 EXHIBIT 1(b) -
2 

 EXHIBIT 4.4(a) 
 FORM OF OPINION OF COUNSEL 
 FOR THE COMPANY 

The opinion of Ahlers & Cooney P.C., counsel for the Company, shall be to the effect that: 

1. The Company and each Subsidiary is a corporation duly incorporated and validly existing in good standing under the laws of the State
of Iowa, and has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted, and, in the case of the Company, to enter into and perform the Agreement and the Notes and to issue and sell
the Notes. 
 2. The Company and each Subsidiary is duly qualified or licensed and in good standing as a foreign corporation
authorized to do business in each jurisdiction where the nature of its business or the character of its properties makes such qualification or licensing necessary, except where such failure to be so qualified or licensed would not have a Material
Adverse Effect. 
 3. The Agreement and the Notes have been duly authorized by proper corporate action on the part of the
Company, have been duly executed and delivered by authorized officers of the Company and, subject to the assumption set forth below, constitute the legal, valid and binding obligations of the Company, enforceable in accordance with their terms,
except to the extent that enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws of general application, now or hereafter in effect, relating to or affecting the enforcement of the rights
of creditors or by equitable principles, regardless of whether enforcement is sought in a proceeding in equity or at law. 
 4.
Based upon the representations set forth in the Agreement and the representations of JP Morgan Securities Inc. in its capacity as placement agent for the Company with respect to the Notes, the offering, sale and delivery of the Notes do not require
the registration of the Notes under the Securities Act of 1933, as amended, or the qualification of an indenture under the Trust Indenture Act of 1939, as amended. 
 5. No authorization, approval or consent of, and no designation, filing, declaration, registration and/or qualification with, any Governmental Authority is necessary or required in connection with the
execution, delivery and performance by the Company of the Agreement and the Notes or the offering, issuance and sale by the Company of the Notes. 
 6. The issuance and sale of the Notes by the Company, the performance of the terms and conditions of the Notes and the Agreement do not conflict with, or result in any breach or violation of any of the
provisions of, or constitute a default under, or result in the creation or imposition of any Lien on the property of the Company pursuant to, the provisions of (i) the Restated Articles or Restated By-laws of the Company, (ii) any loan
agreement or evidence of Indebtedness known to us to which the Company is a party, or other Material agreement or instrument known to us to which the Company is a party or by which it or its property is bound or may be affected, (iii) any Iowa
or federal law (including usury laws) or regulation applicable to the Company, or (iv) to our knowledge, any order, writ, injunction or decree of any court or Governmental Authority applicable to the Company. 

  
 EXHIBIT 4.4(a)
- 1 

 7. To our knowledge, there are no actions, suits or proceedings pending or threatened by
means of a written communication against, or affecting the Company, at law or in equity or before or by any Governmental Authority, which could reasonably be expected to result, individually or in the aggregate, in a Material Adverse Effect.

 8. The Company is not: (i) a “public utility” as defined in the Federal Power Act, as amended, or (ii) an
“investment company” or “an affiliated person” thereof, as such terms are defined in the Investment Company Act of 1940, as amended. 
 9. The issuance of the Notes and the intended use of the proceeds of the sale of the Notes do not violate or conflict with Regulation T, U or X of the Board of Governors of the Federal Reserve System.

 The opinion of Ahlers & Cooney P.C. shall cover such other matters relating to the sale of the Notes as the Purchasers may
reasonably request. With respect to matters of fact on which such opinion is based, such counsel shall be entitled to rely on appropriate certificates of public officials and officers of the Company. For purposes of the opinion regarding
enforceability, Ahlers & Cooney P.C. may assume that Illinois law is in all respects identical to Iowa law. With respect to matters governed by the laws of any jurisdiction other than the United States of America and the laws of the State
of Iowa, Ahlers & Cooney P.C. may rely upon the opinions of counsel deemed (and stated in their opinion to be deemed) by them to be competent and reliable. The opinion of Ahlers & Cooney P.C. may state that such opinion is
delivered to its recipients solely for their benefit and may not be furnished to, quoted or relied upon by any other person other than counsel to such recipients and any successors or assigns of such recipients’ interests in the Notes;
provided, however, that the opinion may be disclosed (i) to such recipients’ agents and employees as necessary, (ii) in connection with the enforcement of obligations of the Company under the Notes and the Agreement, (iii) in
response to a subpoena or other legal process, (iv) as otherwise required by applicable law or regulations or (v) in connection with the sale or transfer of the Notes. 

  
 EXHIBIT 4.4(a)
- 2 

 EXHIBIT 4.4(b) 
 FORM OF OPINION OF SPECIAL COUNSEL 
 TO THE PURCHASERS 

The opinion of Schiff Hardin LLP, special counsel to the Purchasers, shall be to the effect that: 

1. The Company is a corporation organized and validly existing in good standing under the laws of the State of Iowa, with requisite
corporate power and authority to enter into the Agreement and to issue and sell the Notes. 
 2. The Agreement and the Notes
have been duly authorized by proper corporate action on the part of the Company, have been duly executed and delivered by an authorized officer of the Company, and constitute the legal, valid and binding obligations of the Company, enforceable
against the Company in accordance with their terms, except to the extent that enforcement thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws of general application relating to or affecting the
enforcement of the rights of creditors or by equitable principles, regardless of whether enforcement is sought in a proceeding in equity or at law. 
 3. Based upon the representations set forth in the Agreement, the offering, sale and delivery of the Notes do not require the registration of the Notes under the Securities Act of 1933, as amended, nor
the qualification of an indenture under the Trust Indenture Act of 1939, as amended. 
 4. The issuance and sale of the Notes
and compliance with the terms and provisions of the Notes and the Agreement will not conflict with or result in any breach of any of the provisions of the certificate of incorporation or by-laws of the Company. 

5. No approval, consent or withholding of objection on the part of, or filing, registration or qualification with, any governmental body,
Federal or state, is necessary in connection with the execution and delivery of the Agreement or the Notes. 
 Schiff Hardin LLP may rely, as to
matters of Iowa law and as to the corporate power and authority of the Company and the due authorization, execution and delivery by the Company of the Agreement and the Notes upon the opinion of Ahlers & Cooney P.C. The opinion of Schiff
Hardin shall state that the opinion of Ahlers & Cooney P.C. is satisfactory in form and scope to Schiff Hardin LLP, and, in its opinion, the Purchasers are justified in relying thereon. Such opinion shall cover such other matters relating
to the sale of the Notes as the Purchasers may reasonably request. 

  
 EXHIBIT 4.4(b)
- 1 

 EXHIBIT 9.7 
 FORM OF GUARANTY AGREEMENT 
 (see attached) 

  
 EXHIBIT 9.7 -
1 

 [FORM OF GUARANTY AGREEMENT] 

 
  

 
 GUARANTY
AGREEMENT 
 Dated as of [             ,
20    ] 
 of 
 [Name of GUARANTOR] 
  

 
  

  
 EXHIBIT 9.7 -
2 

 TABLE OF CONTENTS

  

							
	SECTION	 	HEADING	  	PAGE	 
	 SECTION 1.
	 	GUARANTY	  	 	4	  
			
	 SECTION 2.
	 	OBLIGATIONS ABSOLUTE	  	 	6	  
			
	 SECTION 3.
	 	WAIVER	  	 	6	  
			
	 SECTION 4.
	 	OBLIGATIONS UNIMPAIRED	  	 	7	  
			
	 SECTION 5.
	 	SUBROGATION AND SUBORDINATION	  	 	8	  
			
	 SECTION 6.
	 	REINSTATEMENT OF GUARANTY	  	 	8	  
			
	 SECTION 7.
	 	RANK OF GUARANTY	  	 	9	  
			
	 SECTION 8.
	 	ADDITIONAL COVENANTS OF THE GUARANTOR	  	 	9	  
			
	 SECTION 9.
	 	REPRESENTATIONS AND WARRANTIES OF THE GUARANTOR	  	 	9	  
		
	 Section 9.1. Organization; Power and Authority
	  	 	9	  
		
	 Section 9.2. Authorization, Etc.
	  	 	9	  
		
	 Section 9.3. Compliance with Laws, Other Instruments, Etc.
	  	 	9	  
		
	 Section 9.4. Governmental Authorizations, Etc.
	  	 	10	  
		
	 Section 9.5. Information Regarding the Company
	  	 	10	  
		
	 Section 9.6. Solvency
	  	 	10	  
			
	 SECTION 10.
	 	TERM OF GUARANTY AGREEMENT	  	 	10	  
			
	 SECTION 11.
	 	SURVIVAL OF REPRESENTATIONS AND WARRANTIES; ENTIRE AGREEMENT	  	 	11	  
			
	 SECTION 12.
	 	AMENDMENT AND WAIVER	  	 	11	  
		
	 Section 12.1. Requirements
	  	 	11	  
		
	 Section 12.2. Solicitation of Holders of Notes
	  	 	11	  
		
	 Section 12.3. Binding Effect
	  	 	12	  
		
	 Section 12.4. Notes Held By Company, Etc.
	  	 	12	  
			
	 SECTION 13.
	 	NOTICES	  	 	12	  
			
	 SECTION 14.
	 	MISCELLANEOUS	  	 	12	  
		
	 Section 14.1. Successors and Assigns
	  	 	12	  
		
	 Section 14.2. Severability
	  	 	12	  
		
	 Section 14.3. Construction
	  	 	13	  
		
	 Section 14.4. Further Assurances
	  	 	13	  
		
	 Section 14.5. Governing Law
	  	 	13	  
		
	 Section 14.6. Jurisdiction and Process; Waiver of Jury Trial
	  	 	13	  

  

  
 EXHIBIT 9.7 -
3 

 GUARANTY AGREEMENT 

THIS GUARANTY AGREEMENT, dated as of
[             , 20    ] (this “Guaranty Agreement”), is made by [            ], a
[            ] (the “Guarantor”) in favor of the Purchasers (as defined below) and the other holders from time to time of the Notes (as defined below). The Purchasers and
such other holders are herein collectively called the “holders” and individually a “holder.” 
 PRELIMINARY STATEMENTS: 
 I. Casey’s
General Store, Inc., an Iowa corporation (the “Company”), has entered into a Note Purchase Agreement dated as of June 17, 2013 (as amended, modified, supplemented or restated from time to time, the “Note
Agreement”) with the Persons listed on the signature pages thereto (the “Purchasers”) Capitalized terms used herein have the meanings specified in the Note Agreement unless otherwise defined herein. 

II. The Company has authorized the issuance, pursuant to the Note Agreement, of 3.67% Senior Notes, Series A, due June 15, 2028 in
the aggregate principal amount of $150,000,000 (the “Series A Notes”) and 3.75% Senior Notes, Series B, due December 18, 2028 in the aggregate principal amount of $50,000,000 (the “Series B Notes”, and together
with the Series A Notes, the “Initial Notes”). The Initial Notes and any other Notes that may from time to time be issued pursuant to the Note Agreement (including any notes issued in substitution for any of the Notes) are herein
collectively called the “Notes” and individually a “Note”. 
 III. Pursuant to the Note
Agreement, the Guarantor is required to execute and deliver this Guaranty Agreement. 
 IV. The Guarantor will receive direct
and indirect benefits from the financing arrangements contemplated by the Note Agreement. The [Board of Directors] of the Guarantor has determined that the incurrence of such obligations is in the best interests of the Guarantor. 

NOW THEREFORE, in order to comply with the terms of the Note Agreement, and in consideration of, the
execution and delivery of the Note Agreement and the purchase of the Notes by each of the Purchasers, the Guarantor hereby covenants and agrees with, and represents and warrants to each of the holders as follows: 

SECTION 1. GUARANTY. 
 The Guarantor hereby irrevocably and unconditionally guarantees to each holder, the due and punctual payment in full of (a) the principal of, Make-Whole Amount, if any, and interest on (including,
without limitation, interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, whether or not a claim for post-filing or post-petition interest is allowed in

  
 EXHIBIT 9.7 -
4 

 such proceeding), and any other amounts due under, the Notes when and as the same shall
become due and payable (whether at stated maturity or by required or optional prepayment or by acceleration or otherwise) and (b) any other sums which may become due under the terms and provisions of the Notes, the Note Agreement or any other
instrument referred to therein, (all such obligations
described in clauses (a) and (b) above are herein called the “Guaranteed Obligations”). The guaranty in the preceding sentence is an absolute, present and continuing guaranty of payment and not of collectibility and is in
no way conditional or contingent upon any attempt to collect from the Company or any other guarantor of the Notes or upon any other action, occurrence or circumstance whatsoever. In the event that the Company shall fail so to pay any of such
Guaranteed Obligations, the Guarantor agrees to pay the same when due to the holders entitled thereto, without demand, presentment, protest or notice of any kind, in lawful money of the United States of America, pursuant to the requirements for
payment specified in the Notes and the Note Agreement. Each default in payment of any of the Guaranteed Obligations shall give rise to a separate cause of action hereunder and separate suits may be brought hereunder as each cause of action arises.
The Guarantor agrees that the Notes issued in connection with the Note Agreement may (but need not) make reference to this Guaranty Agreement. 
 The Guarantor agrees to pay and to indemnify and save each holder harmless from and against any damage, loss, cost or expense (including attorneys’ fees) which such holder may incur or be subject to
as a consequence, direct or indirect, of (x) any breach by the Guarantor or by the Company of any warranty, covenant, term or condition in, or the occurrence of any default under, this Guaranty Agreement, the Notes, the Note Agreement or any
other instrument referred to therein, together with all expenses resulting from the compromise or defense of any claims or liabilities arising as a result of any such breach or default, (y) any legal action commenced to challenge the validity
or enforceability of this Guaranty Agreement, the Notes, the Note Agreement or any other instrument referred to therein and (z) enforcing or defending (or determining whether or how to enforce or defend) the provisions of this Guaranty
Agreement. 
 The Guarantor hereby acknowledges and agrees that the Guarantor’s liability hereunder is joint and several
with any other Person(s) who may guarantee the obligations and Indebtedness under and in respect of the Notes and the Note Agreement. 
 Notwithstanding the foregoing provisions or any other provision of this Guaranty Agreement, the Purchasers (on behalf of themselves and their successors and assigns) and the Guarantor hereby agree that if
at any time the Guaranteed Obligations exceed the Maximum Guaranteed Amount determined as of such time with regard to the Guarantor, then this Guaranty Agreement shall be automatically amended to reduce the Guaranteed Obligations to the Maximum
Guaranteed Amount. Such amendment shall not require the written consent of the Guarantor or any holder and shall be deemed to have been automatically consented to by the Guarantor and each holder. The Guarantor agrees that the Guaranteed Obligations
may at any time exceed the Maximum Guaranteed Amount without affecting or impairing the obligation of the Guarantor. “Maximum Guaranteed Amount” means as of the date of determination with respect to the Guarantor, the lesser

  
 EXHIBIT 9.7 -
5 

 
of (a) the amount of the Guaranteed Obligations outstanding on such date and (b) the maximum amount that would not render the Guarantor’s liability under this Guaranty Agreement
subject to avoidance under Section 548 of the United States Bankruptcy Code (or any successor provision) or any comparable provision of applicable state law. 
 SECTION 2. OBLIGATIONS ABSOLUTE. 
 Unless the Guarantor has been released from this Guaranty Agreement pursuant to the Note Agreement, the obligations of the Guarantor hereunder shall be primary, absolute, irrevocable and unconditional,
irrespective of the validity or enforceability of the Notes, the Note Agreement or any other instrument referred to therein, shall not be subject to any counterclaim, setoff, deduction or defense based upon any claim the Guarantor may have against
the Company or any holder or otherwise, and shall remain in full force and effect without regard to, and shall not be released, discharged or in any way affected by, any circumstance or condition whatsoever (whether or not the Guarantor shall have
any knowledge or notice thereof), including, without limitation: (a) any amendment to, modification of, supplement to or restatement of the Notes, the Note Agreement or any other instrument referred to therein (it being agreed that the
obligations of the Guarantor hereunder shall apply to the Notes, the Note Agreement or any such other instrument as so amended, modified, supplemented or restated) or any assignment or transfer of any thereof or of any interest therein, or any
furnishing, acceptance or release of any security for the Notes; (b) any waiver, consent, extension, indulgence or other action or inaction under or in respect of the Notes, the Note Agreement or any other instrument referred to therein;
(c) any bankruptcy, insolvency, arrangement, reorganization, readjustment, composition, liquidation or similar proceeding with respect to the Company or its property; (d) any merger, amalgamation or consolidation of the Guarantor or of the
Company into or with any other Person or any sale, lease or transfer of any or all of the assets of the Guarantor or of the Company to any Person; (e) any failure on the part of the Company for any reason to comply with or perform any of the
terms of any other agreement with the Guarantor; (f) any failure on the part of any holder to obtain, maintain, register or otherwise perfect any security; or (g) any other event or circumstance which might otherwise constitute a legal or
equitable discharge or defense of a guarantor (whether or not similar to the foregoing), and in any event however material or prejudicial it may be to the Guarantor or to any subrogation, contribution or reimbursement rights the Guarantor may
otherwise have. The Guarantor covenants that its obligations hereunder will not be discharged except by indefeasible payment in full in cash of all of the Guaranteed Obligations and all other obligations hereunder. 

SECTION 3. WAIVER. 
 The Guarantor unconditionally waives to the fullest extent permitted by law, (a) notice of acceptance hereof, of any action taken or omitted in reliance hereon and of any default by the Company in
the payment of any amounts due under the Notes, the Note Agreement or any other instrument referred to therein, and of any of the matters referred to in Section 2 hereof, (b) all notices which may be required by statute, rule of

  
 EXHIBIT 9.7 -
6 

 
law or otherwise to preserve any of the rights of any holder against the Guarantor, including, without limitation, presentment to or demand for payment from the Company or the Guarantor with
respect to any Note, notice to the Company or to the Guarantor of default or protest for nonpayment or dishonor and the filing of claims with a court in the event of the bankruptcy of the Company, (c) any right to require any holder to enforce,
assert or exercise any right, power or remedy including, without limitation, any right, power or remedy conferred in the Note Agreement or the Notes, (d) any requirement for diligence on the part of any holder and (e) any other act or
omission or thing or delay in doing any other act or thing which might in any manner or to any extent vary the risk of the Guarantor or otherwise operate as a discharge of the Guarantor or in any manner lessen the obligations of the Guarantor
hereunder. 
 SECTION 4. OBLIGATIONS UNIMPAIRED. 

The Guarantor authorizes the holders, without notice or demand to the Guarantor and without affecting its obligations hereunder, from time
to time: (a) to renew, compromise, extend, accelerate or otherwise change the time for payment of, all or any part of the Notes, the Note Agreement or any other instrument referred to therein; (b) to change any of the representations,
covenants, events of default or any other terms or conditions of or pertaining to the Notes, the Note Agreement or any other instrument referred to therein, including, without limitation, decreases or increases in amounts of principal, rates of
interest, the Make-Whole Amount or any other obligation; (c) to take and hold security for the payment of the Notes, the Note Agreement or any other instrument referred to therein, for the performance of this Guaranty Agreement or otherwise for
the Indebtedness guaranteed hereby and to exchange, enforce, waive, subordinate and release any such security; (d) to apply any such security and to direct the order or manner of sale thereof as the holders in their sole discretion may
determine; (e) to obtain additional or substitute endorsers or guarantors; (f) to exercise or refrain from exercising any rights against the Company and others; and (g) to apply any sums, by whomsoever paid or however realized, to the
payment of the Guaranteed Obligations and all other obligations owed hereunder. The holders shall have no obligation to proceed against any additional or substitute endorsers or guarantors or to pursue or exhaust any security provided by the
Company, the Guarantor or any other Person or to pursue any other remedy available to the holders. 
 If an event permitting the
acceleration of the maturity of the principal amount of any Notes shall exist and such acceleration shall at such time be prevented or the right of any holder to receive any payment on account of the Guaranteed Obligations shall at such time be
delayed or otherwise affected by reason of the pendency against the Company, the Guarantor or any other guarantors of a case or proceeding under a bankruptcy or insolvency law, the Guarantor agrees that, for purposes of this Guaranty Agreement and
its obligations hereunder, the maturity of such principal amount shall be deemed to have been accelerated with the same effect as if the holder thereof had accelerated the same in accordance with the terms of the Note Agreement, and the Guarantor
shall forthwith pay such accelerated Guaranteed Obligations. 

  
 EXHIBIT 9.7 -
7 

 SECTION 5. SUBROGATION AND
SUBORDINATION. 
 (a) The Guarantor will not exercise any rights which it may have acquired by way of
subrogation under this Guaranty Agreement, by any payment made hereunder or otherwise, or accept any payment on account of such subrogation rights, or any rights of reimbursement, contribution or indemnity or any rights or recourse to any security
for the Notes or this Guaranty Agreement unless and until all of the Guaranteed Obligations shall have been indefeasibly paid in full in cash. 
 (b) The Guarantor hereby subordinates the payment of all Indebtedness and other obligations of the Company or any other guarantor of the Guaranteed Obligations owing to the Guarantor, whether now existing
or hereafter arising, including, without limitation, all rights and claims described in clause (a) of this Section 5, to the indefeasible payment in full in cash of all of the Guaranteed Obligations. If the Required Holders so request, any
such Indebtedness or other obligations shall be enforced and performance received by the Guarantor as trustee for the holders and the proceeds thereof shall be paid over to the holders promptly, in the form received (together with any necessary
endorsements) to be applied to the Guaranteed Obligations, whether matured or unmatured, as may be directed by the Required Holders, but without reducing or affecting in any manner the liability of the Guarantor under this Guaranty Agreement.

 (c) If any amount or other payment is made to or accepted by the Guarantor in violation of any of the preceding clauses
(a) and (b) of this Section 5, such amount shall be deemed to have been paid to the Guarantor for the benefit of, and held in trust for the benefit of, the holders and shall be paid over to the holders promptly, in the form received
(together with any necessary endorsements) to be applied to the Guaranteed Obligations, whether matured or unmatured, as may be directed by the Required Holders, but without reducing or affecting in any manner the liability of the Guarantor under
this Guaranty Agreement. 
 (d) The Guarantor acknowledges that it will receive direct and indirect benefits from the financing
arrangements contemplated by the Note Agreement and that its agreements set forth in this Guaranty Agreement (including this Section 5) are knowingly made in contemplation of such benefits. 

SECTION 6. REINSTATEMENT OF GUARANTY. 

This Guaranty Agreement shall continue to be effective, or be reinstated, as the case may be, if and to the extent at any time payment, in
whole or in part, of any of the sums due to any holder on account of the Guaranteed Obligations is rescinded or must otherwise be restored or returned by a holder upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the
Company or any other guarantors, or upon or as a result of the appointment of a custodian, receiver, trustee or other officer with similar powers with respect to the Company or any other guarantors or any part of its or their property, or otherwise,
all as though such payments had not been made. 

  
 EXHIBIT 9.7 -
8 

 SECTION 7. RANK OF GUARANTY.

 The Guarantor will ensure that its payment obligations under this Guaranty Agreement will at all times rank at least
pari passu, without preference or priority, with all other unsecured and unsubordinated Indebtedness of the Guarantor now or hereafter existing; it being agreed that the presence or absence of security or collateral for an obligation shall
not affect its ranking. 
 SECTION 8. ADDITIONAL COVENANTS OF
THE GUARANTOR. 
 So long as any Notes are outstanding or the Note Agreement shall remain in
effect, the Guarantor agrees that, unless the Required Holders otherwise consent in writing, to the extent applicable to it, it shall comply with all of the covenants in Section 9 and 10 of the Note Agreement. 

SECTION 9. REPRESENTATIONS AND WARRANTIES OF THE
GUARANTOR. 
 The Guarantor represents and warrants to each holder as follows: 

SECTION 9.1. ORGANIZATION; POWER AND AUTHORITY. The
Guarantor is a [            ], duly organized, validly existing and in good standing under the laws of its jurisdiction of
[            ], and is duly qualified as a foreign [            ]and is in good standing in each jurisdiction in which such
qualification is required by law, other than those jurisdictions as to which the failure to be so qualified or in good standing could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. The Guarantor has
the [            ] power and authority to own or hold under lease the properties it purports to own or hold under lease, to transact the business it transacts and proposes to transact, to
execute and deliver this Guaranty Agreement and to perform the provisions hereof. 
 SECTION 9.2.
AUTHORIZATION, ETC. This Guaranty Agreement has been duly authorized by all necessary [            ]action on the part of the Guarantor, and this Guaranty
Agreement constitutes a legal, valid and binding obligation of the Guarantor enforceable against the Guarantor in accordance with its terms, except as such enforceability may be limited by (a) applicable bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting the enforcement of creditors’ rights generally and (b) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

SECTION 9.3. COMPLIANCE WITH LAWS, OTHER
INSTRUMENTS, ETC. The execution, delivery and performance by the Guarantor of this Guaranty Agreement will not (a) contravene, result in any breach of, or constitute a default under, or result in the creation
of any Lien in respect of any property of the Guarantor or any of its Subsidiaries under, any indenture, mortgage, deed of trust, loan, purchase or credit agreement, lease, organizational documents, or any other agreement or instrument to which the
Guarantor or any of its Subsidiaries is bound or by which the Guarantor or any of its Subsidiaries or 

  
 EXHIBIT 9.7 -
9 

 
any of their respective properties may be bound or affected, (b) conflict with or result in a breach of any of the terms, conditions or provisions of any order, judgment, decree, or ruling
of any court, arbitrator or Governmental Authority applicable to the Guarantor or any of its Subsidiaries or (c) violate any provision of any statute or other rule or regulation of any Governmental Authority applicable to the Guarantor or any
of its Subsidiaries. “Governmental Authority” means (x) the government of (i) the United States of America or any State or other political subdivision thereof, or (ii) any other jurisdiction in which the Guarantor or
any of its Subsidiaries conducts all or any part of its business, or which asserts jurisdiction over any properties of the Guarantor or any of its Subsidiaries, or (y) any entity exercising executive, legislative, judicial, regulatory or
administrative functions of, or pertaining to, any such government. 
 SECTION 9.4.
GOVERNMENTAL AUTHORIZATIONS, ETC. No consent, approval or authorization of, or registration, filing or declaration with, any Governmental Authority is required in connection with the execution,
delivery or performance by the Guarantor of this Guaranty Agreement. 
 SECTION 9.5.
INFORMATION REGARDING THE COMPANY. The Guarantor now has and will continue to have independent means of obtaining information concerning the affairs, financial condition and business of
the Company. No holder shall have any duty or responsibility to provide the Guarantor with any credit or other information concerning the affairs, financial condition or business of the Company which may come into possession of the holders. The
Guarantor has executed and delivered this Guaranty Agreement without reliance upon any representation by the holders including, without limitation, with respect to (a) the due execution, validity, effectiveness or enforceability of any
instrument, document or agreement evidencing or relating to any of the Guaranteed Obligations or any loan or other financial accommodation made or granted to the Company, (b) the validity, genuineness, enforceability, existence, value or
sufficiency of any property securing any of the Guaranteed Obligations or the creation, perfection or priority of any lien or security interest in such property or (c) the existence, number, financial condition or creditworthiness of other
guarantors or sureties, if any, with respect to any of the Guaranteed Obligations. 
 SECTION 9.6.
SOLVENCY. Upon the execution and delivery hereof, the Guarantor will be Solvent. 
 SECTION 10.
TERM OF GUARANTY AGREEMENT. 
 This Guaranty Agreement and all
guarantees, covenants and agreements of the Guarantor contained herein shall continue in full force and effect and shall not be discharged until such time as this Guaranty Agreement is released in accordance with the Note Agreement or, if earlier,
such time as all of the Guaranteed Obligations and all other obligations hereunder shall be indefeasibly paid in full in cash. This Guaranty Agreement shall be subject to reinstatement pursuant to Section 6. 

  
 EXHIBIT 9.7 -
10 

 SECTION 11. SURVIVAL OF REPRESENTATIONS
AND WARRANTIES; ENTIRE AGREEMENT. 
 All representations and
warranties contained herein shall survive the execution and delivery of this Guaranty Agreement and may be relied upon by any subsequent holder, regardless of any investigation made at any time by or on behalf of any Purchaser or any other holder.
All statements contained in any certificate or other instrument delivered by or on behalf of the Guarantor pursuant to this Guaranty Agreement shall be deemed representations and warranties of the Guarantor under this Guaranty Agreement. Subject to
the preceding sentence, this Guaranty Agreement embodies the entire agreement and understanding between each holder and the Guarantor and supersedes all prior agreements and understandings relating to the subject matter hereof. 

SECTION 12. AMENDMENT AND WAIVER. 

SECTION 12.1. REQUIREMENTS. Except as otherwise provided in the fourth paragraph of
Section 1 of this Guaranty Agreement, this Guaranty Agreement may be amended, and the observance of any term hereof may be waived (either retroactively or prospectively), with (and only with) the written consent of the Guarantor and the
Required Holders, except that no amendment or waiver (a) of any of the first three paragraphs of Section 1 or any of the provisions of Section 2, 3, 4, 5, 6, 7, 10 or 12 hereof, or any defined term (as it is used therein), or
(b) which results in the limitation of the liability of the Guarantor hereunder (except to the extent provided in the fourth paragraph of Section 1 of this Guaranty Agreement) will be effective as to any holder unless consented to by such
holder in writing. 
 SECTION 12.2. SOLICITATION OF HOLDERS
OF NOTES. 
 (a) Solicitation. The Guarantor will provide each holder of the Notes
(irrespective of the amount of Notes then owned by it) with sufficient information, sufficiently far in advance of the date a decision is required, to enable such holder to make an informed and considered decision with respect to any proposed
amendment, waiver or consent in respect of any of the provisions hereof. The Guarantor will deliver executed or true and correct copies of each amendment, waiver or consent effected pursuant to the provisions of this Section 13.2 to each holder
promptly following the date on which it is executed and delivered by, or receives the consent or approval of, the requisite holders of Notes. 
 (b) Payment. The Guarantor will not directly or indirectly pay or cause to be paid any remuneration, whether by way of supplemental or additional interest, fee or otherwise, or grant any security
or provide other credit support, to any holder as consideration for or as an inducement to the entering into by any holder of any waiver or amendment of any of the terms and provisions hereof unless such remuneration is concurrently paid, or
security is concurrently granted or other credit support concurrently provided, on the same terms, ratably to each holder even if such holder did not consent to such waiver or amendment. 

  
 EXHIBIT 9.7 -
11 

 SECTION 12.3. BINDING EFFECT. Any
amendment or waiver consented to as provided in this Section 13 applies equally to all holders and is binding upon them and upon each future holder and upon the Guarantor without regard to whether any Note has been marked to indicate such
amendment or waiver. No such amendment or waiver will extend to or affect any obligation, covenant or agreement not expressly amended or waived or impair any right consequent thereon. No course of dealing between the Guarantor and the holder nor any
delay in exercising any rights hereunder or under any Note shall operate as a waiver of any rights of any holder. As used herein, the term “this Guaranty Agreement” and references thereto shall mean this Guaranty Agreement as it may
be amended, modified, supplemented or restated from time to time. 
 SECTION 12.4. NOTES
HELD BY COMPANY, ETC. Solely for the purpose of determining whether the holders of the requisite percentage of the aggregate principal amount of Notes then outstanding approved or
consented to any amendment, waiver or consent to be given under this Guaranty Agreement, or have directed the taking of any action provided herein to be taken upon the direction of the holders of a specified percentage of the aggregate principal
amount of Notes then outstanding, Notes directly or indirectly owned by the Guarantor, the Company or any of their respective Affiliates shall be deemed not to be outstanding. 
 SECTION 13. NOTICES. 
 All notices and
communications provided for hereunder shall be in writing and sent (a) by telecopy if the sender on the same day sends a confirming copy of such notice by a recognized overnight delivery service (charges prepaid), or (b) by registered or
certified mail with return receipt requested (postage prepaid), or (c) by a recognized overnight delivery service (with charges prepaid). Any such notice must be sent: 
 (a) if to the Guarantor, to c/o the Company at its address set forth in the Note Agreement, or such other address as the Guarantor shall have specified to the holders in writing, or 

(b) if to any holder, to such holder at the addresses specified for such communications set forth in Schedule A to the Note Agreement, or
such other address as such holder shall have specified to the Guarantor in writing. 
 SECTION 14.
MISCELLANEOUS. 
 SECTION 14.1. SUCCESSORS AND
ASSIGNS. All covenants and other agreements contained in this Guaranty Agreement by or on behalf of any of the parties hereto bind and inure to the benefit of their respective successors and assigns whether so expressed or not.

 SECTION 14.2. SEVERABILITY. Any provision of this Guaranty Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall (to the full extent permitted by law), not invalidate or render unenforceable such provision in any other jurisdiction. 

  
 EXHIBIT 9.7 -
12 

 SECTION 14.3. CONSTRUCTION. Each covenant
contained herein shall be construed (absent express provision to the contrary) as being independent of each other covenant contained herein, so that compliance with any one covenant shall not (absent such express contrary provision) be deemed to
excuse compliance with any other covenant. Whether any provision herein refers to action to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or
indirectly by such Person. 
 The section and subsection headings in this Guaranty Agreement are for convenience of reference
only and shall neither be deemed to be a part of this Guaranty Agreement nor modify, define, expand or limit any of the terms or provisions hereof. All references herein to numbered sections, unless otherwise indicated, are to sections of this
Guaranty Agreement. Words and definitions in the singular shall be read and construed as though in the plural and vice versa, and words in the masculine, neuter or feminine gender shall be read and construed as though in either of the other
genders where the context so requires. 
 SECTION 14.4. FURTHER ASSURANCES.
The Guarantor agrees to execute and deliver all such instruments and take all such action as the Required Holders may from time to time reasonably request in order to effectuate fully the purposes of this Guaranty Agreement. 

SECTION 14.5. GOVERNING LAW. This Guaranty Agreement shall be construed and
enforced in accordance with, and the rights of the parties shall be governed by, the law of the State of Illinois, excluding choice-of-law principles of the law of such State that would permit the application of the laws of a jurisdiction other than
such State. 
 SECTION 14.6. JURISDICTION AND PROCESS;
WAIVER OF JURY TRIAL. 
 (a) The Guarantor irrevocably submits to
the non-exclusive jurisdiction of any Illinois State or federal court sitting in the city of Chicago, over any suit, action or proceeding arising out of or relating to this Guaranty Agreement. To the fullest extent permitted by applicable law, the
Guarantor irrevocably waives and agrees not to assert, by way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue of
any such suit, action or proceeding brought in any such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 

  
 EXHIBIT 9.7 -
13 

 (b) The Guarantor consents to process being served by or on behalf of any holder in any
suit, action or proceeding of the nature referred to in Section 14.6(a) by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, return receipt requested, to it at its address
specified in Section 13 or at such other address of which such holder shall then have been notified pursuant to Section 13. The Guarantor agrees that such service upon receipt (i) shall be deemed in every respect effective service of
process upon it in any such suit, action or proceeding and (ii) shall, to the fullest extent permitted by applicable law, be taken and held to be valid personal service upon and personal delivery to it. Notices hereunder shall be conclusively
presumed received as evidenced by a delivery receipt furnished by the United States Postal Service or any reputable commercial delivery service. 
 (c) Nothing in this Section 14.6 shall affect the right of any holder to serve process in any manner permitted by law, or limit any right that the holders may have to bring proceedings against the
Guarantor in the courts of any appropriate jurisdiction or to enforce in any lawful manner a judgment obtained in one jurisdiction in any other jurisdiction. 
 (d) THE GUARANTOR AND THE HOLDERS HEREBY WAIVE TRIAL BY JURY IN ANY ACTION BROUGHT ON OR WITH RESPECT TO THIS GUARANTY AGREEMENT OR OTHER DOCUMENT EXECUTED IN CONNECTION HEREWITH. 

IN WITNESS WHEREOF, the Guarantor has caused this Guaranty Agreement to be duly executed and
delivered as of the date and year first above written. 
  

			
	 [NAME OF GUARANTOR]

		
	 By:
	 	 
		 	Name:
		 	Title:

  
 EXHIBIT 9.7 -
14

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