Document:

EX-4.5

 Exhibit 4.5 

Stryker Corporation 

and 
 U.S. Bank National
Association, 
 as Trustee 

Eighteenth Supplemental Indenture 

Dated as of November 30, 2018 

to Senior Debt Indenture 
 Dated as
of January 15, 2010 
 Establishing a series of Securities designated 

Floating Rate Notes due 2020 

 Table of Contents 

 

							
	 	  	 	  	Page	 
	ARTICLE I	  

	
	DEFINITIONS AND INCORPORATION BY REFERENCE	  

			
	 Section 1.01
	  	Relation to Base Indenture	  	 	1	 
	 Section 1.02
	  	Definitions	  	 	2	 
	
	ARTICLE II	  

	
	CREATION, FORMS, TERMS AND CONDITIONS OF THE SECURITIES	  

			
	 Section 2.01
	  	Creation of the Notes	  	 	9	 
	 Section 2.02
	  	Form of the Notes	  	 	9	 
	 Section 2.03
	  	Terms and Conditions of the Notes	  	 	9	 
	 Section 2.04
	  	Ranking	  	 	12	 
	 Section 2.05
	  	Sinking Fund	  	 	12	 
	 Section 2.06
	  	Place of Payment	  	 	12	 
	 Section 2.07
	  	Transfer and Exchange	  	 	12	 
	 Section 2.08
	  	Cancellation and/or Adjustment of Global Notes	  	 	13	 
	
	ARTICLE III	  

	
	REDEMPTION OF THE NOTES	  

			
	 Section 3.01
	  	Optional Redemption by Company	  	 	13	 
	 Section 3.02
	  	Optional Redemption for Tax Reasons	  	 	14	 
	 Section 3.03
	  	Payment of Additional Amounts	  	 	14	 
	
	ARTICLE IV	  

	
	CHANGE OF CONTROL	  

			
	 Section 4.01
	  	Repurchase at the Option of Holders Upon Change of Control Repurchase Event	  	 	16	 
	
	ARTICLE V	  

	
	COVENANTS	  

			
	 Section 5.01
	  	Limitation on Liens	  	 	18	 
	 Section 5.02
	  	Limitations on Sale and Leaseback Transactions	  	 	19	 

  
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	ARTICLE VI	  

	
	MISCELLANEOUS PROVISIONS	  

			
	 Section 6.01
	  	Ratification of Base Indenture	  	 	19	 
	 Section 6.02
	  	Conflict with Trust Indenture Act	  	 	20	 
	 Section 6.03
	  	Effect of Headings	  	 	20	 
	 Section 6.04
	  	Successors and Assigns	  	 	20	 
	 Section 6.05
	  	Separability Clause	  	 	20	 
	 Section 6.06
	  	Governing Law	  	 	20	 
	 Section 6.07
	  	Counterparts	  	 	20	 

  
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 EIGHTEENTH SUPPLEMENTAL INDENTURE, dated as of November 30, 2018 (this “Eighteenth
Supplemental Indenture”) between Stryker Corporation, a corporation duly organized and existing under the laws of the State of Michigan (herein called the “Company”), having its principal office at 2825 Airview Boulevard, Kalamazoo,
Michigan, and U.S. Bank National Association, a nationally chartered banking association, as trustee (herein called the “Trustee”). 

RECITALS OF THE COMPANY 

WHEREAS, the Company and the Trustee have heretofore executed and delivered an Indenture, dated as of January 15, 2010 (the “Base
Indenture” and, together with this Eighteenth Supplemental Indenture, the “Indenture”), providing for the issuance from time to time of the Company’s debentures, notes or other evidences of indebtedness (herein and therein called
the “Securities”), to be issued in one or more series as provided in the Base Indenture; 
 WHEREAS, Section 901 of the Base
Indenture permits the Company and the Trustee to enter into a supplemental indenture to the Base Indenture to establish the form and terms of any series of Securities; 

WHEREAS, Section 201 of the Base Indenture permits the form of Securities of any series to be established in a supplemental indenture to
the Base Indenture; 
 WHEREAS, Section 301 of the Base Indenture permits certain terms of any series of Securities to be established
pursuant to a supplemental indenture to the Base Indenture; 
 WHEREAS, pursuant to Sections 201 and 301 of the Base Indenture, the Company
desires to provide for the establishment of a new series of Securities in an aggregate principal amount of €300,000,000 to be designated the “Floating Rate Notes due 2020” (hereinafter called the “Notes”) under the Base
Indenture, the form and substance of such Notes and the terms, provisions and conditions thereof to be set forth as provided in the Base Indenture and this Eighteenth Supplemental Indenture; and 

WHEREAS, all things necessary to make this Eighteenth Supplemental Indenture a valid agreement of the Company, in accordance with its terms,
have been done; 
 NOW, THEREFORE, for and in consideration of the foregoing and the purchase of the Notes established by this Eighteenth
Supplemental Indenture by the holders thereof (the “Holders”), it is mutually agreed, for the equal and proportionate benefit of all such Holders, as follows: 

ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Relation to Base Indenture. This Eighteenth Supplemental Indenture constitutes a part of the Base Indenture (the
provisions of which, as modified by this Eighteenth Supplemental Indenture, shall apply to the Notes) in respect of the Notes but shall not modify, amend or otherwise affect the Base Indenture insofar as it relates to any other series of Securities
or modify, amend or otherwise affect in any manner the terms and conditions of the Securities of any other series. 

 Section 1.02 Definitions. For all purposes of this Eighteenth Supplemental
Indenture, the capitalized terms used herein (i) which are defined in this Section 1.02 have the respective meanings assigned hereto in this Section 1.02 and (ii) which are defined in the Base Indenture (and which are not defined
in this Section 1.02) have the respective meanings assigned thereto in the Base Indenture. For all purposes of this Eighteenth Supplemental Indenture: 

(a) Unless the context otherwise requires, any reference to an Article or Section refers to an Article or Section, as the case may be, of
this Eighteenth Supplemental Indenture; 
 (b) The words “herein,” “hereof” and “hereunder” and words of
similar import refer to this Eighteenth Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision; 

(c) Headings are for convenience or reference only and do not affect interpretations; and 

(d) The terms defined in this Section 1.02(d) have the meanings assigned to them in this Section and include the plural as well as the
singular: 
 “Applicable Procedures” has the meaning set forth in Section 2.07(a). 

“Attributable Debt” in respect of a Sale and Leaseback Transaction means, at the time of determination, the present value
(discounted at the imputed rate of interest of such transaction as determined in good faith by the Company) of the obligation of the lessee for net rental payments during the remaining term of the lease included in such Sale and Leaseback
Transaction (including any period for which such lease has been extended or may, at the option of the lessor, be extended). The term “net rental payments” under any lease for any period means the sum of the rental and other payments
required to be paid in such period by the lessee thereunder, not including any amounts required to be paid by such lessee (whether or not designated as rental or additional rent) on account of maintenance and repairs, insurance, taxes, assessments,
water rates or similar charges required to be paid by such lessee thereunder or any amount required to be paid by lessee thereunder contingent upon the amount of maintenance and repairs, insurance, taxes, assessments, water rates or similar charges.
In the case of any lease that is terminable by the lessee upon the payment of a penalty, such net amount shall be the lesser of (x) the net amount determined assuming termination upon the first date such lease may be terminated (in which case
the net amount shall also include the amount of the penalty, but shall not include any rent that would be required to be paid under such lease subsequent to the first date upon which it may be so terminated) or (y) the net amount determined
assuming no such termination. 
 “Base Indenture” has the meaning given to such term in the recitals hereof. 

  
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 “Base Rate” is equal to the interest rate for deposits in euro designated as
“EURIBOR” and sponsored jointly by the European Banking Federation and ACI—the Financial Market Association (or any company established by the joint sponsors for purposes of compiling and publishing that rate) on each EURIBOR Interest
Determination Date, and will be determined in accordance with the following provisions: 
 1. EURIBOR will be the offered
rate for deposits in euro having a maturity of three months, as that rate appears on Reuters Page EURIBOR01 as of 11:00 A.M., Brussels time, on the relevant EURIBOR Interest Determination Date. 

2. If the rate described above does not appear on Reuters Page EURIBOR01, EURIBOR will be determined on the basis of the rates,
at approximately 11:00 A.M., Brussels time, on the relevant EURIBOR Interest Determination Date, at which deposits of the following kind are offered to prime banks in the Euro-Zone interbank market by the principal Euro-Zone office of each of four
major banks in that market selected by the Company: euro deposits having a maturity of three months and in a principal amount of not less than €1,000,000 that is representative for a single transaction in such market at such time. We will
request the principal Euro-Zone office of each of these banks to provide to the Paying Agent and the Calculation Agent a quotation in writing of its rate. If at least two quotations are provided in writing, EURIBOR for such EURIBOR Interest
Determination Date will be the arithmetic mean (rounded upwards) of such quotations calculated by the Calculation Agent. 

3. If fewer than two quotations are provided as described above, EURIBOR for the relevant EURIBOR Interest Determination Date
will be the arithmetic mean of the rates for loans of the following kind to leading Euro-Zone banks quoted in writing, at approximately 11:00 A.M., Brussels time, on such EURIBOR Interest Determination Date, by three major banks in the Euro-Zone
selected by the Company: loans of euro having a maturity of three months and in a principal amount of not less than €1,000,000 that is representative for a single transaction in such market at such time. 

4. If fewer than three banks selected by the Company are quoting as described above, EURIBOR shall be the EURIBOR in effect on
such EURIBOR Interest Determination Date. 
 Notwithstanding the paragraph immediately above, if the Company, in its sole discretion,
determine that EURIBOR has been permanently discontinued and the Company have notified the Calculation Agent of such determination (a “EURIBOR Event”), the Calculation Agent will use, as a substitute for EURIBOR (the “Alternate
Rate”) for each future interest determination date, the alternative reference rate selected by the central bank, reserve bank, monetary authority or any similar institution (including any committee or working group thereof) that is consistent
with market practice regarding a substitute for EURIBOR. As part of such substitution, the Calculation Agent may make such adjustments to the Alternate Rate or the spread thereon, as well as the business day convention, interest determination dates
and related provisions and definitions, in each case that are consistent with market practice for the use of such Alternate Rate. If a EURIBOR Event has occurred, but for any reason an Alternate Rate has not been determined, the rate of EURIBOR for
the next interest period will be set equal to the rate of EURIBOR for the then current interest period. All percentages resulting from any of the above calculations will be rounded, if necessary, to the nearest one hundred thousandth of a percentage
point, with five one-millionths of a percentage point being rounded upwards (e.g., 8.986865% 

  
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(or 0.08986865) being rounded to 8.98687% (or 0.0898687)) and all euro amounts used in or resulting from such calculation will be rounded to the nearest cent (with
one-half cent being rounded upwards). Promptly upon determination, the Calculation Agent will inform the Trustee, if applicable, and the Company of the interest rate for the next interest period. 

“Below Investment Grade Rating Event” means the Notes are rated below Investment Grade by each of the Rating Agencies on any date
during the period commencing upon the first public notice of the occurrence of a Change of Control or the Company’s intention to effect a Change of Control and ending 60 days following public notice of the occurrence of the related Change of
Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of the Rating Agencies, provided that no such extension shall occur if on such 60th day the Notes are rated Investment Grade by at least one of such Rating Agency and are not subject to review for possible downgrade by such Rating Agency); provided further that a Below Investment
Grade Rating Event otherwise arising by virtue of a particular reduction in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below Investment Grade Rating Event for purposes of
the definition of Change of Control Repurchase Event hereunder) if the Rating Agencies making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the Trustee in writing at its request
that the reduction was the result, in whole or in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control (whether or not the applicable Change of Control shall have occurred at
the time of the Below Investment Grade Rating Event). 
 “Business Day” means any day, other than a Saturday or Sunday, that is
neither a legal holiday nor a day on which the Trustee or banking institutions in New York City, London or another place of payment on the Notes are authorized or required by law or regulation to close and on which the Trans-European Automated
Real-Time Gross Settlement Express Transfer system (the “TARGET2” system), or any successor thereto, is open. 
 “Calculation
Agent” means Elavon Financial Services DAC, until a successor Calculation Agent shall have become such pursuant to the applicable provisions of this Eighteenth Supplemental Indenture, and thereafter “Calculation Agent” shall mean or
include each Person who is then a Calculation Agent hereunder. 
 “Change of Control” means the occurrence of any of the
following: 
 1. the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or a series of related transactions, of all or substantially all of the Company’s assets and those of the Company’s Subsidiaries taken as a whole to any “person” (as that term is used in
Section 13(d)(3) of the Exchange Act), other than the Company or one of the Company’s Subsidiaries; 
 2. the
adoption of a plan relating to the Company’s liquidation or dissolution; 
 3. the first day on which a majority of the
members of the Company’s Board of Directors are not Continuing Directors; or 

  
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 4. the consummation of any transaction (including, without limitation, any
merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than the Company or one or more of its Subsidiaries, becomes the beneficial owner (as defined in
Rule 13d-3 of the Exchange Act), directly or indirectly, of more than 50% of the then outstanding number of shares of the Company’s Voting Stock. 

Notwithstanding the foregoing, a transaction shall not be considered to be a Change of Control if (a) the Company becomes a direct or
indirect wholly-owned subsidiary of a holding company and (b)(i) immediately following that transaction, the direct or indirect holders of the Voting Stock of the holding company are substantially the same as the holders of the Company’s Voting
Stock immediately prior to that transaction or (ii) immediately following that transaction, no person is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company. 

“Change of Control Repurchase Event” means the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

 “Clearstream” means Clearstream Banking, S.A. 

“Common Depositary” means Elavon Financial Services DAC, as common depositary for the Depositary. 

“Company” has the meaning given to such term in the preamble hereof. 

“Consolidated Net Tangible Assets” means the total amounts of assets (less depreciation and valuation reserves and other reserves
and items deductible from gross book value of specific asset accounts under generally accepted accounting principles) that under generally accepted accounting principles would be included on a consolidated balance sheet of the Company and its
consolidated Restricted Subsidiaries after deducting (1) all current liabilities, excluding current liabilities that could be classified as long-term debt under generally accepted accounting principles and current liabilities that are by their
terms extendable or renewable at the obligor’s option to a time more than 12 months after the time as of which the amount of current liabilities is being computed; (2) Investments in Unrestricted Subsidiaries; and (3) all trade names,
trademarks, licenses, patents, copyrights and goodwill, organizational and development costs, deferred charges, other than prepaid items such as insurance, taxes, interest, commissions, rents and similar items and tangible assets being amortized,
and amortized debt discount and expense, less unamortized premium. 
 “Continuing Directors” means, as of any date of
determination, any member of the Company’s Board of Directors who (1) was a member of such Board of Directors on the date of the issuance of the Notes; or (2) was nominated for election, elected or appointed to such Board of Directors
with the approval of a majority of the Continuing Directors who were members of such Board of Directors at the time of such nomination, election or appointment (either by a specific vote or by approval of the Company’s proxy statement in which
such member was named as a nominee for election as a director). 

  
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 “Definitive Notes” means certificated Notes registered in the name of the Holder
thereof and issued in accordance with Section 2.02 hereof, substantially in the form of Exhibit A hereto, except that such Security shall not bear the Global Note Legend. 

“Depositary” means, with respect to Global Notes issued under this Eighteenth Supplemental Indenture, each of Clearstream and
Euroclear. 
 “Euro” and “€” means the single currency introduced at the third stage of the European Monetary Union
pursuant to the Treaty establishing the European Community, as amended. 
 “Euroclear” means Euroclear Bank SA/NV, as operator of
the Euroclear System. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time. 

“Exempted Debt” means the sum of the following items outstanding as of the date Exempted Debt is being determined
(1) Indebtedness of the Company and its Restricted Subsidiaries secured by a Mortgage and not permitted to exist under the Indenture and (2) Attributable Debt of the Company and its Restricted Subsidiaries in respect of all Sale and
Leaseback Transactions not permitted under the Indenture. 
 “Funded Debt” means Indebtedness that matures more than one year from
the date of creation, or that is extendable or renewable at the sole option of the obligor so that it may become payable more than one year from such date. Funded Debt does not include (1) obligations created pursuant to leases, (2) any
Indebtedness or portion thereof maturing by its terms within one year from the time of any computation of the amount of outstanding Funded Debt unless such Indebtedness shall be extendable or renewable at the sole option of the obligor in such
manner that it may become payable more than one year from such time, or (3) any Indebtedness for the payment or redemption of which money in the necessary amount shall have been deposited in trust either at or before the maturity date thereof.

 “Global Note” means a single permanent fully-registered global note in book-entry form, without coupons, substantially in the
form of Exhibit A attached hereto. 
 “Global Note Legend” means the legend set forth in Section 202 of the Base Indenture.

 “Holders” has the meaning given to such term in the recitals hereof. 

“Indebtedness” means any and all of the obligations of a Person for money borrowed that in accordance with generally accepted
accounting principles would be reflected on the balance sheet of such Person as a liability as of the date of which the Indebtedness is to be determined. For the avoidance of doubt, a change in generally accepted accounting principles subsequent to
the issue date of the Notes shall not be deemed an incurrence of Indebtedness. 
 “Indenture” has the meaning given to such term
in the recitals hereof. 
 “Indirect Participant” means a Person who holds a beneficial interest in a Global Note through a
Participant. 

  
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 “Interest Payment Date” has the meaning set forth in Section 2.03(c). 

“Investment” means any investment in stock, evidences of Indebtedness, loans or advances, however made or acquired, but does not
include the Company’s account receivable or the accounts receivable of any Restricted Subsidiary arising from transactions in the ordinary course of business, or any evidences of Indebtedness, loans or advance made in connection with the sale
to any Subsidiary of the Company’s accounts receivable or the accounts receivable of any Restricted Subsidiary arising from transactions in the ordinary course of business. 

“Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating categories of
Moody’s) and a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P) or the equivalent investment grade credit rating from any additional Rating Agency
or Rating Agencies selected by the Company. 
 “Maturity Date” has the meaning set forth in Section 2.03(b) hereof. 

“Moody’s” means Moody’s Investors Service Inc., a subsidiary of Moody’s Corporation, and its successors. 

“Mortgage” means any mortgage, security interest, pledge, lien or other encumbrance. 

“Notes” has the meaning given to such term in the recitals hereof. 

“Participant” means, with respect to the Depositary, a Person who has an account with the Depositary. 

“Permitted Mortgage” means (a) any purchase money mortgage on such Principal Property prior to, simultaneously with or within
180 days after the later of (1) the acquisition or completion of construction or completion of substantial reconstruction, renovation, remodeling, expansion or improvement (each, a “substantial improvement”) of such Principal Property
or (2) the placing in operation of such property after the acquisition or completion of any such construction or substantial improvement; (b) Mortgages on a Principal Property existing at the time of acquisition, including acquisition
through merger or consolidation; (c) Mortgages existing on the date of the initial issuance of the Notes, Mortgages on assets of a corporation or other business entity existing on the date it becomes a Restricted Subsidiary or is merged or
consolidated with the Company or a Restricted Subsidiary or at the time the corporation or other business entity sells, leases or otherwise disposes of its property as an entirety or substantially as an entirety to the Company or a Restricted
Subsidiary or Mortgages on the assets of a Subsidiary that is newly designated as a Restricted Subsidiary if the Mortgage would have been permitted under the provisions of this paragraph if such Mortgage was created while the Subsidiary was a
Restricted Subsidiary; (d) Mortgages in favor of the Company or a Restricted Subsidiary; (e) Mortgages for taxes, assessments or governmental charges or levies that are not delinquent or that are being contested in good faith;
(f) carriers’, warehousemen’s, materialmen’s, repairmen’s, mechanic’s, landlords’ and other similar Mortgages arising in ordinary course of business that are not delinquent or remain payable without penalty or that
are being contested in good faith; (g) Mortgages (other than any Mortgage imposed by the Employee Retirement Income Security Act of 1974) consisting of pledges or deposits required in the ordinary course of business in connection with
workers’ compensation, unemployment insurance and other social security 

  
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legislation; (h) easements, rights-of-way, restrictions, encroachments, imperfections and other similar
encumbrances affecting real property that, in the aggregate, are not substantial in amount and do not in any case materially detract from the value of the Principal Property subject thereto or materially interfere with the ordinary conduct of the
Company and its Subsidiaries’ business, taken as a whole; (i) Mortgages arising by reason of deposits with, or the giving of any form of security to, any governmental agency or any body created or approved by law or governmental
regulation, including any zoning or similar law or right reserved to or vested in any governmental office or agency to control or regulate the use of any real property; (j) Mortgages arising from filing Uniform Commercial Code financing
statements relating solely to leases; and (k) Mortgages to secure Indebtedness incurred to extend, renew, refinance or replace Indebtedness secured by any Mortgages referred to above, provided that the principal amount of the extended, renewed,
refinanced or replaced Indebtedness does not exceed the principal amount of Indebtedness so extended, renewed, refinanced or replaced, plus transaction costs and fees, and that any such Mortgage applies only to the same property or assets subject to
the prior permitted Mortgage (and, in the case of real property, improvements). 
 “Principal Property” means all real property
and improvements thereon owned by the Company or a Restricted Subsidiary, including, without limitation, any manufacturing, warehouse, distribution or research facility, and improvements therein, having a net book value in excess of 2% of
Consolidated Net Tangible Assets that is located within the United States, excluding its territories and possessions and Puerto Rico. This term does not include any real property and improvements thereon that the Company’s Board of Directors
declares by resolution not to be of material importance to the total business conducted by the Company and its Restricted Subsidiaries taken as a whole. 

“Rating Agency” means (1) each of Moody’s and S&P; and (2) if any of Moody’s or S&P ceases to rate the
Notes or fails to make a rating of the Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” within the meaning of Section 3(a)(62) under the Exchange
Act, selected by the Company as a replacement agency for Moody’s or S&P, or both of them, as the case may be. 
 “Regular
Record Date” has the meaning set forth in Section 2.03(c). 
 “Redemption Date” means the Business Day on which Notes
are redeemed by the Company pursuant to Section 3.01 hereof. 
 “Redemption Price” has the meaning set forth in
Section 3.01(a). 
 “Registered Securities” means any Securities which are registered in the Security Register. 

“Restricted Subsidiary” means a Subsidiary that owns a Principal Property. 

“S&P” means S&P Global Ratings Inc., a division of S&P Global Inc. and its successors. 

“Sale and Leaseback Transaction” means an arrangement with any Person providing for the leasing by the Company or any Restricted
Subsidiary of any Principal Property owned or acquired thereafter that has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person with the intention of taking back a lease of such Principal Property. 

  
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 “Securities” has the meaning given to such term in the recitals hereof. 

“Senior Funded Debt” means all Funded Debt (except Funded Debt, the payment of which is subordinated to the payment of the Notes).

 “Subsidiary” means a corporation, partnership or other legal entity of which, in the case of a corporation, more than 50% of
the outstanding voting stock is owned, directly or indirectly, by the Company or by one or more other Subsidiaries, or by the Company and one or more other Subsidiaries or, in the case of any partnership or other legal entity, more than 50% of the
ordinary capital interests is, at the time, directly or indirectly owned or controlled by the Company or by one or more other Subsidiaries. For the purposes of this definition, “voting stock” means the equity interest that ordinarily has
voting power for the election of directors, managers or trustees of an entity, or persons performing similar functions, whether at all times or only so long as no senior class of equity interest has such voting power by reason of any contingency.

 “Trustee” has the meaning given to such term in the preamble hereof. 

“Unrestricted Subsidiary” means any Subsidiary other than a Restricted Subsidiary. 

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

CREATION, FORMS, TERMS AND CONDITIONS OF THE SECURITIES 

Section 2.01 Creation of the Notes. In accordance with Section 301 of the Base Indenture, the Company hereby creates the
Notes as a separate series of its securities issued pursuant to the Indenture. The Notes shall be issued initially in an aggregate principal amount of €300,000,000, except as permitted by Sections 304, 305 or 306 of the Base Indenture. 

Section 2.02 Form of the Notes. The Notes shall each be issued in the form of a Global Note, duly executed by the Company and
authenticated by the Trustee, which shall be deposited with, or on behalf of, the Common Depositary and shall be registered in the name of “Elavon Financial Services DAC”, or its nominee, for, and in respect of interests held through, the
Depositary. The Notes shall be substantially in the form of Exhibit A attached hereto (including the Global Note Legend thereon). Notes issued in definitive certificated form in accordance with the terms of the Base Indenture and this Eighteenth
Supplemental Indenture, if any, shall be substantially in the form of Exhibit A attached hereto (but without the Global Note Legend thereon). 

  
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 So long as the Common Depositary, or its nominee, is the registered owner of a Global Note, the Common
Depositary or its nominee, as the case may be, shall be considered the sole owner or Holder of the Notes represented by such Global Note for all purposes under the Indenture. Ownership of beneficial interests in such Global Note shall be shown on,
and transfers thereof shall be effected only through, records maintained by the Depositary (with respect to beneficial interests of participants) or by participants or Persons that hold interests through participants (with respect to beneficial
interests of beneficial owners). In addition, the following provisions of clauses (1), (2), and (3) below shall apply only to Global Notes: 

1. Notwithstanding any other provision in the Indenture, no Global Note may be exchanged in whole or in part for Securities
registered, and no transfer of a Global Note in whole or in part may be registered, in the name of any Person other than the Depositary for such Global Note or a nominee thereof unless (A) such Depositary has notified the Company that it is
unwilling or unable or no longer permitted under applicable law to continue as Depositary for such Global Note and the Company has not appointed a successor Depositary within 90 days of receipt of such notice or has ceased to be a clearing agency
registered under the Exchange Act, (B) there shall have occurred and be continuing an Event of Default with respect to such Global Note or (C) the Company (subject to the procedures of the Depositary) so directs the Trustee by Company
Order. Beneficial interests in Global Notes may be exchanged for Definitive Notes of the same series upon request but only upon at least 30 days’ prior written notice given to the Trustee by or on behalf of the Depositary in accordance with
customary procedures. 
 2. Subject to clause (1) above, any exchange of a Global Note for other Securities may be made
in whole or in part, and all Securities issued in exchange for a Global Note or any portion thereof shall be registered in such names as the Depositary for such Global Note shall direct. 

3. Every Security authenticated and delivered upon registration of transfer of, or in exchange for or in lieu of, a Global Note
or any portion thereof, shall be authenticated and delivered in the form of, and shall be, a Global Note, unless such note is registered in the name of a Person other than the Depositary for such Global Note or a nominee thereof. 

Section 2.03 Terms and Conditions of the Notes. The Notes shall be governed by all the terms and conditions of the Base Indenture,
as supplemented by this Eighteenth Supplemental Indenture. In particular, the following provisions shall be terms of the Notes: 
 (a)
Title and Aggregate Principal Amount. The title of the Notes shall be as specified in the Recitals of the Company; and the aggregate principal amount of the Notes shall be as specified in Section 2.01 of this Article II, except as
permitted by Sections 304, 305 or 306 of the Base Indenture. 
 (b) Stated Maturity. The Notes shall mature, and the unpaid
principal thereon shall be payable, on November 30, 2020 (the “Maturity Date”), subject to the provisions of the Base Indenture and Articles III and IV below. 

  
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 (c) Interest. The rate at which interest shall be payable on the Notes shall be
equivalent to the 3-month EURIBOR (the Base Rate) plus 28 basis points per annum; provided, however, that the minimum interest rate shall be zero. Interest on the Notes shall be payable quarterly on
March 1, May 30, August 30 and November 30 of each year, commencing on March 1, 2019 (each, an “Interest Payment Date”), to the Persons in whose names the applicable Note was registered in the Security
Register applicable to the Notes at the close of business on the immediately preceding February 15, May 15, August 15 or November 15, respectively, prior to the applicable Interest Payment Date regardless of whether such day is a
Business day (each, a “Regular Record Date”), except in the case of an Interest Payment Date that is also the Maturity Date of the Note. Interest on the Notes shall be computed on the basis of a
360-day year and the actual number of days in the period for which interest is being calculated. Interest on the Notes shall accrue from and including November 30, 2018 or from the immediately preceding
Interest Payment Date to which interest has been paid. If any Maturity Date or earlier date of redemption of the Notes falls on a day that is not a Business Day, the required payment shall be made on the next Business Day as if it were made on the
date the payment was due, and no interest shall accrue on the amount so payable for the period from and after that Maturity Date or that date of redemption, as the case may be, to the date the payment is made. Interest payments shall include accrued
interest from and including the date of issue or from and including the last date in respect to which interest has been paid, as the case may be, to, but excluding, the Interest Payment Date or the Maturity Date, as the case may be. 

(i) The interest rate on the Notes will be reset quarterly on each Interest Payment Date. The initial Base Rate for the Notes
will be 3-month EURIBOR in effect on November 30, 2018. The interest rate on the Notes will be determined on the second TARGET2 business day preceding the Interest Payment Date (a “EURIBOR Interest
Determination Date”). 
 (ii) The interest rate on the Notes will in no event be higher than the maximum rate permitted
by New York law as the same may be modified by United States laws of general application. 
 (iii) The Calculation Agent
will, upon the written request of any holder of the Notes, provide the interest rate then in effect with respect to the Notes. All calculations made by the Calculation Agent in the absence of manifest error will be conclusive for all purposes and
binding on the Company and the holders of the Notes. 
 (d) Registration and Form. The Notes shall be issuable as Registered
Securities as provided in Section 2.02 of this Article II. The Notes shall be issued and may be transferred only in minimum denominations of €100,000 and integral multiples of €1,000 thereafter. Principal of, interest, or premium, if
any, on the Notes will be payable, and the Notes will be transferable or exchangeable, at the office or offices or agency maintained by the Company for these purposes. Payment of interest on the Notes may be made at the Company’s option by
check mailed to the registered holders thereof. 

  
 11 

 (e) Defeasance and Covenant Defeasance. The provisions for defeasance in
Section 1302 of the Base Indenture, and the provisions for covenant defeasance in Section 1303 of the Base Indenture, shall be applicable to the Notes. 

(f) Further Issues. Notwithstanding anything to the contrary contained herein or in the Base Indenture, the Company may, from time to
time, without notice to, or the consent of, the Holders, create and issue additional Notes of the series having the same ranking and terms and conditions as the Notes in all respects, except for the issue date, the public offering price and, in some
cases, the first Interest Payment Date (the “Additional Notes”). Any Additional Notes having such similar terms, together with the Notes of this series, will constitute a single series of Notes under the Indenture. If the Additional Notes
of a series, if any, are not fungible with the previously outstanding Notes for U.S. federal income tax purposes, the Additional Notes will have a separate CUSIP number. Notice of any such issuance shall be given to the Trustee and a new
supplemental indenture shall be executed in connection with the issuance of such additional Notes. 
 (g) Other Terms and
Conditions. The Notes shall have such other terms and conditions as provided in the form thereof attached as Exhibit A. 

Section 2.04 Ranking. The Notes shall be general unsecured obligations of the Company. The Notes shall rank pari passu in right of
payment with all unsecured and unsubordinated indebtedness, including, without limitation, any unsecured senior indebtedness, of the Company and senior in right of payment to all subordinated indebtedness of the Company. 

Section 2.05 Sinking Fund. The Notes shall not be entitled to any sinking fund. 

Section 2.06 Place of Payment. The Place of Payment in respect of the Notes will be at the office or agency of the Company in the
City of New York, State of New York or at the office or agency of the Paying Agent maintained for such purposes in the city of London, initially 125 Old Broad Street, Fifth Floor, London EC2N 1AR. 

Section 2.07 Transfer and Exchange. 

(a) The transfer and exchange of beneficial interests in the Global Notes shall be effected through the Depositary, in accordance with the
provisions of the Base Indenture, this Eighteenth Supplemental Indenture and the then applicable procedures of the Depositary (the “Applicable Procedures”). Any Holder of a Global Note shall, by acceptance of such Global Note, agree that
the transfers of beneficial interests in such Global Note may be effected only through book-entry procedures maintained by the Common Depositary, and that, except as provided for in Article II of the Base Indenture, ownership of a beneficial
interest in the Notes represented thereby shall be required to be reflected in book-entry form. Transfers of a Global Note shall be limited to transfers in whole and not in part, to the Common Depositary, its successors and their respective
nominees. Interests of beneficial owners in a Global Note shall be transferred in accordance with the Applicable Procedure of the Depositary or its successor. Upon satisfaction of all of the requirements for transfer or exchange of beneficial
interests in Global Notes contained in the Base Indenture, this Eighteenth Supplemental Indenture and the Notes or otherwise applicable under the Securities Act, the Security Registrar shall adjust the principal amount of the relevant Global Notes
pursuant to Section 2.08 hereof. 

  
 12 

 (b) Upon request by a Holder of Definitive Notes and such Holder’s compliance with the
provisions of this Section 2.07(b), the Security Registrar shall register the transfer or exchange of Definitive Notes. Prior to such registration of transfer or exchange, the requesting Holder shall present or surrender to the Trustee the
Definitive Notes duly endorsed or accompanied by a written instruction of transfer in form satisfactory to the Security Registrar duly executed by such Holder or by its attorney, duly authorized in writing. The Trustee shall cancel any such
Definitive Notes so surrendered, and the Company shall execute and, upon receipt of a Company Order pursuant to Section 303 of the Base Indenture, the Trustee shall authenticate and deliver to the Person designated in the instructions a new
Definitive Note in the appropriate principal amount. Any Definitive Note issued pursuant to this Section 2.07(b) shall be registered in such name or names and in such authorized denomination or denominations as the Holder of such beneficial
interest shall instruct the Security Registrar through instructions from the Depositary and the Participant or Indirect Participant. The Trustee shall deliver such Definitive Notes to the Persons in whose names such Definitive Notes are so
registered. In addition, the requesting Holder shall provide any additional certifications, documents and information, as applicable, required pursuant to Section 305 of the Base Indenture. 

Section 2.08 Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular Global Note
have been exchanged for Definitive Notes or a particular Global Note has been redeemed, repurchased or cancelled in whole and not in part, each such Global Note shall be returned to or retained and cancelled by the Trustee in accordance with
Section 309 of the Base Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another
Global Note or for Definitive Notes, the principal amount of Securities represented by such Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note by the Trustee or by the Depositary at the direction of the
Trustee to reflect such reduction; and if the beneficial interest is being exchanged for or transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note shall be increased
accordingly and an endorsement shall be made on such Global Note by the Security Registrar or by the Depositary at the direction of the Security Registrar to reflect such increase. 

ARTICLE III 

REDEMPTION OF THE NOTES 

Section 3.01 Optional Redemption by Company. The Notes are not redeemable other than as described below under Section 3.02.

  
 13 

 Section 3.02 Optional Redemption for Tax Reasons 

(a) The Company shall have the right to redeem the Notes at any time in whole, but not in part, on not less than 10 nor more than 60
days’ prior notice, at 100% of the principal amount of the Notes, together with accrued and unpaid interest, if any, to, but excluding, the Redemption Date if, as a result of any change in, or amendment to, the laws, regulations or rulings of
the United States (or any political subdivision or taxing authority thereof or therein having power to tax), or any change in official position regarding application or interpretation of those laws, regulations or rulings (including a holding by a
court of competent jurisdiction), which change, amendment, application or interpretation is announced or becomes effective on or after the original issue date with respect to the Notes, the Company becomes or, based upon a written opinion of
independent counsel selected by the Company, will become obligated to pay additional amounts as described in Section 3.03. 

Section 3.03 Payment of Additional Amounts 

(a) All payments of principal, interest, and premium, if any, in respect of the Notes will be made free and clear of, and without withholding
or deduction for, any present or future taxes, assessments, duties or governmental charges of whatever nature imposed, levied or collected by the United States (or any political subdivision or taxing authority thereof or therein having power to
tax), unless such withholding or deduction is required by law or the official interpretation or administration thereof. 
 (b) The Company
will, subject to the exceptions and limitations set forth below, pay as additional interest in respect of the Notes such additional amounts as are necessary in order that the net payment by the Company of the principal of, premium, if any, and
interest in respect of the Notes to a Holder who is not a United States person (as defined below), after withholding or deduction for any present or future tax, assessment, duties or other governmental charge imposed by the United States (or any
political subdivision or taxing authority thereof or therein having power to tax), will not be less than the amount provided in the Notes to be then due and payable; provided, however, that the foregoing obligation to pay additional amounts shall
not apply: 
 (i) to the extent any tax, assessment or other governmental charge would not have been imposed but for the
Holder (or the beneficial owner for whose benefit such Holder holds such note), or a fiduciary, settlor, beneficiary, member or shareholder of the Holder if the Holder is an estate, trust, partnership or corporation, or a person holding a power over
an estate or trust administered by a fiduciary holder, being considered as: 
 (1) being or having been engaged in a trade
or business in the United States or having or having had a permanent establishment in the United States; 
 (2) having a
current or former connection with the United States (other than a connection arising solely as a result of the ownership of the Notes, the receipt of any payment in respect of the Notes or the enforcement of any rights hereunder), including being or
having been a citizen or resident of the United States; 

  
 14 

 (3) being or having been a personal holding company, a passive foreign
investment company or a controlled foreign corporation for U.S. federal income tax purposes, a foreign tax-exempt organization, or a corporation that has accumulated earnings to avoid U.S. federal income tax;

 (4) being or having been a “10-percent shareholder” of the Company as
defined in section 871(h)(3) of the United States Internal Revenue Code of 1986, as amended (the “Code”) or any successor provision; or 

(5) being a bank receiving payments on an extension of credit made pursuant to a loan agreement entered into in the ordinary
course of its trade or business, as described in section 881(c)(3)(A) of the Code or any successor provision; 
 (ii) to any
Holder that is not the sole beneficial owner of the Notes, or a portion of the Notes, or that is a fiduciary, partnership, limited liability company or other fiscally transparent entity, but only to the extent that a beneficial owner with respect to
the Holder, a beneficiary or settlor with respect to the fiduciary, or a beneficial owner or member of the partnership, limited liability company or other fiscally transparent entity would not have been entitled to the payment of an additional
amount had the beneficiary, settlor, beneficial owner or member received directly its beneficial or distributive share of the payment; 

(iii) to the extent any tax, assessment or other governmental charge that would not have been imposed but for the failure of
the Holder or any other person to comply with certification, identification or information reporting requirements concerning the nationality, residence, identity or connection with the United States of the Holder or beneficial owner of the Notes, if
compliance is required by statute, by regulation of the United States or any taxing authority therein or by an applicable income tax treaty to which the United States is a party as a precondition to exemption from such tax, assessment or other
governmental charge; 
 (iv) to any tax, assessment or other governmental charge that is imposed otherwise than by
withholding by the Company or the Paying Agent from the payment; 
 (v) to any tax, assessment or other governmental charge
required to be withheld by the Paying Agent from any payment of principal of or interest on any Notes, if such payment can be made without such withholding by any other paying agent; 

(vi) to any estate, inheritance, gift, sales, transfer, wealth, capital gains or personal property tax or similar tax,
assessment or other governmental charge, or excise tax imposed on the transfer of Notes; 

  
 15 

 (vii) to the extent any tax, assessment or other governmental charge would
not have been imposed but for the presentation by the Holder of any Note, where presentation is required, for payment on a date more than 30 days after the date on which payment became due and payable or the date on which payment thereof is duly
provided for, whichever occurs later except to the extent that the beneficiary or Holder thereof would have been entitled to the payment of additional amounts had such Note been presented for payment on any day during such 30-day period; 
 (viii) to any tax, assessment or other governmental charge imposed under
sections 1471 through 1474 of the Code (or any amended or successor provisions), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to section 1471(b) of the Code or any fiscal or regulatory
legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code, whether currently in effect or as published and amended from time to time; 

(ix) to any tax, assessment or other governmental charge that is imposed or withheld solely by reason of a change in law,
regulation, or administrative or judicial interpretation that becomes effective more than 15 days after the payment becomes due or is duly provided for, whichever occurs later; or 

(x) in the case of any combination of the above Sections 3.03(b)(i) – 3.03(b)(xi). 

(c) As used in Section 3.02, and this Section 3.03, the term “United States” means the United States of America, its
territories and possessions, the states of the United States and the District of Columbia, and the term “United States person” means (i) any individual who is a citizen or resident of the United States for U.S. federal income tax
purposes, (ii) a corporation, partnership or other entity created or organized in or under the laws of the United States, any state of the United States or the District of Columbia (other than a partnership that is not treated as a United
States person for United States federal income tax purposes), (iii) any estate the income of which is subject to U.S. federal income taxation regardless of its source, or (iv) any trust if a United States court can exercise primary supervision
over the administration of the trust and one or more United States persons can control all substantial trust decisions, or if a valid election is in place to treat the trust as a United States person. 

ARTICLE IV 
 CHANGE
OF CONTROL 
 Section 4.01 Repurchase at the Option of Holders Upon Change of Control Repurchase Event. 

(a) If a Change of Control Repurchase Event occurs, unless the Company has exercised its right to redeem the Notes pursuant to the Indenture,
the Company shall be required to make an offer (a “Change of Control Offer”) to each Holder of the Notes to repurchase all or any part (in minimum denominations of €100,000 and integral multiples of €1,000 original principal
amount above that amount) of that Holder’s Notes at a repurchase price in cash equal to 101% of the aggregate principal amount of the Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to, but not including, the
date of such repurchase. 

  
 16 

 (b) Within thirty (30) days following any Change of Control Repurchase Event or, at
the option of the Company, prior to any Change of Control, but after the public announcement of an impending Change of Control, the Company shall mail a notice to each Holder, with a copy to the Trustee, describing the transaction or transactions
that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase the Notes on the payment date specified in the notice, which date shall be no earlier than thirty (30) days and no later than sixty
(60) days from the date such notice is mailed. The notice shall, if mailed prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on a Change of Control Repurchase Event occurring on or prior
to the payment date specified in the notice. 
 (c) The Company shall comply with the requirements of Rule
14e-1 under the Exchange Act, and any other securities laws and regulations thereunder, to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a
Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Notes, the Company shall comply with the applicable securities laws
and regulations and shall not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Notes or the Indenture by virtue of such conflict. 

(d) On the Change of Control Repurchase Event payment date, the Company shall, to the extent lawful: 

(i) accept for payment all the Notes or portions of the Notes (in minimum denominations of €100,000 and integral
multiples of €1,000 original principal amount above that amount) properly tendered pursuant to its offer; 
 (ii)
deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all the Notes or portions of the Notes properly tendered; and 

(iii) deliver or cause to be delivered to the Trustee for cancellation the Notes properly accepted, together with an
Officers’ Certificate stating the aggregate principal amount of Notes being repurchased by the Company. 
 (e) The Paying Agent shall
promptly mail to each Holder of Notes properly tendered the purchase price for the Notes, and the Trustee shall promptly authenticate and mail (or, if a Global Note, to be adjusted on the Schedule of Exchanges attached thereto) to each Holder a new
Note equal in principal amount to any unpurchased portion of any Notes surrendered; provided, that each new Note shall be in minimum denominations of €100,000 and integral multiples of €1,000 original principal amount above that amount.

  
 17 

 (f) The Company shall not be required to make a Change of Control Offer upon a Change of
Control Repurchase Event if (i) a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for a Change of Control Offer made by the Company and such third party purchases all Notes properly
tendered and not withdrawn under its offer or (ii) the Company has previously or concurrently mailed a redemption notice with respect to all of the outstanding Notes pursuant to Section 3.01(d). 

(g) If holders of not less than 90% in aggregate principal amount of the outstanding Notes validly tender and do not withdraw such Notes in a
Change of Control Offer and the Company, or any third party making such an offer in lieu of the Company pursuant to subsection (f) of this Section 4.01, purchases of all of the Notes validly tendered and not withdrawn by such holders, the
Company or such third party will have the right, upon not less than ten (10) days nor more than sixty (60) days’ prior notice, provided that such notice is given not more than thirty (30) days following such repurchase pursuant
to subsection (b) of this Section 4.01, to redeem all Notes that remain outstanding following such purchase on a date specified in such notice (the “Second Change of Control Payment Date”) and at a price in cash equal to 101% of
the aggregate principal amount of Notes repurchased plus any accrued and unpaid interest on the Notes repurchased to, but not including, the Second Change of Control Payment Date. 

ARTICLE V 
 COVENANTS

 Section 5.01 Limitation on Liens. 

(a) The Company shall not, and shall not permit any Restricted Subsidiary to, issue, assume or guarantee any Indebtedness secured by any
Mortgage upon any Principal Property of the Company or any Restricted Subsidiary without equally and ratably securing the Notes (and, if the Company so determines, any other Indebtedness ranking equally with the Notes) with such Indebtedness;
provided, however, that the foregoing restrictions shall not prevent the Company or any Restricted Subsidiary from issuing, assuming or guaranteeing any Indebtedness secured by a Permitted Mortgage. 

(b) Notwithstanding the provisions of subsection (a) of this Section 5.01, the Company or any Restricted Subsidiary may, in
addition to Mortgages permitted by subsection (a) of this Section 5.01 and without equally and ratably securing the Notes, create or assume and renew, extend or replace Mortgages which would otherwise be subject to such subsection (a),
provided that at the time of such creation, assumption, renewal, extension or replacement, and after giving effect thereto, Exempted Debt does not exceed 15% of Consolidated Net Tangible Assets. 

  
 18 

 Section 5.02 Limitations on Sale and Leaseback Transactions. 

(a) The Company shall not, and shall not permit any Restricted Subsidiary to, enter into any Sale and Leaseback Transaction without equally
and ratably securing the Notes (and, if the Company so determines, any other Indebtedness ranking equally with the Notes) unless: 

(i) within 180 days after the receipt of the proceeds of such sale or transfer, the Company or any Restricted Subsidiary
applies an amount equal to the greater of the net proceeds of such sale or transfer or the fair value of such Principal Property at the time of such sale or transfer to any (or a combination) of (1) the prepayment or retirement (other than any
mandatory prepayment or retirement) of Senior Funded Debt of the Company or (2) the purchase, construction, development, expansion or improvement of other comparable property, subject in each case to credits for voluntary retirements of Senior
Funded Debt of the Company; or 
 (ii) the Company or such Restricted Subsidiary would be entitled, at the effective date of
such sale or transfer, to incur Indebtedness secured by a Mortgage on such Principal Property, in an amount at least equal to the Attributable Debt in respect of the Sale and Leaseback Transaction, without equally and ratably securing the Notes
pursuant to the provisions of Section 5.01 above. 
 The foregoing restriction shall not apply to any Sale and Leaseback Transaction
(w) for a term of not more than three years including renewals, (x) with respect to a Principal Property if a binding commitment is entered into with respect to such Sale and Leaseback Transaction within three years after the later of
(1) November 30, 2018 or (2) the date when the applicable Principal Property was acquired, (y) with respect to a Principal Property if a binding commitment with respect thereto is entered into within 180 days after the later of
the date such property was acquired and, if applicable, the date such property was first placed in operation, or (z) between the Company and any Restricted Subsidiary or between Restricted Subsidiaries. 

(b) Notwithstanding the provisions of subsection (a) of this Section 5.02, the Company or any Restricted Subsidiary may, in
addition to Sale and Leaseback Transactions permitted by subsection (a) of this Section 5.02 and without equally and ratably securing the Notes, create or assume and renew, extend or replace Mortgages, or enter into any Sale and Leaseback
Transaction without any obligation to retire any Senior Funded Debt of the Company or a Restricted Subsidiary, provided that, at the time of such creation, assumption, renewal, extension or replacement of a Mortgage or at the time of entering into
such Sale and Leaseback Transaction, and after giving effect thereto, Exempted Debt does not exceed 15% of Consolidated Net Tangible Assets. 

ARTICLE VI 

MISCELLANEOUS PROVISIONS 

Section 6.01 Ratification of Base Indenture. This Eighteenth Supplemental Indenture is executed and shall be construed as an
indenture supplemental to the Base Indenture, and as supplemented and modified hereby, the Base Indenture is in all respects ratified and confirmed, and the Base Indenture and this Eighteenth Supplemental Indenture shall be read, taken and construed
as one and the same instrument. 

  
 19 

 Section 6.02 Conflict with Trust Indenture Act. If any provision hereof limits,
qualifies or conflicts with another provision hereof, or with a provision of the Base Indenture, which is required to be included in this Eighteenth Supplemental Indenture, or in the Base Indenture, respectively, by any of the provisions of the
Trust Indenture Act, such required provision shall control to the extent it is applicable. 
 Section 6.03 Effect of Headings.
The Article and Section headings herein are for convenience only and shall not affect the construction hereof. 
 Section 6.04
Successors and Assigns. All covenants and agreements in this Eighteenth Supplemental Indenture by the Company shall bind its successors and assigns, whether so expressed or not. 

Section 6.05 Separability Clause. In case any one or more of the provisions contained in this Eighteenth Supplemental Indenture or
in the Notes shall for any reason be held to be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 6.06 Governing Law. THIS EIGHTEENTH SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO ITS PRINCIPLES OF CONFLICTS OF LAWS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), EXCEPT TO THE
EXTENT THAT THE TRUST INDENTURE ACT IS APPLICABLE, IN WHICH CASE THE TRUST INDENTURE ACT WILL GOVERN. 
 Section 6.07
Counterparts. This Eighteenth Supplemental Indenture may be executed in any number of counterparts, and each of such counterparts shall for all purposes be deemed to be an original, but all such counterparts shall together constitute one and
the same instrument. 
 [Signature page follows] 

  
 20 

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

			
	STRYKER CORPORATION
		
	By:	 	/s/ Jeanne M. Blondia
		 	Name: Jeanne M. Blondia
		 	Title:   Vice President, Finance and Treasurer

  

			
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	/s/ Richard Prokosch
		 	Name: Richard Prokosch
		 	Title:   Vice President

  
 21 

 EXHIBIT A 

Form of Face of 2020 Note 
 THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO
TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR BANK SA/NV (“EUROCLEAR”) AND CLEARSTREAM BANKING,
S.A. (“CLEARSTREAM” AND, TOGETHER WITH EUROCLEAR, “EUROCLEAR/CLEARSTREAM”), TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF ELAVON FINANCIAL
SERVICES DAC OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF EUROCLEAR/CLEARSTREAM (AND ANY PAYMENT IS MADE TO ELAVON FINANCIAL SERVICES DAC OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF
EUROCLEAR/CLEARSTREAM), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, ELAVON FINANCIAL SERVICES DAC, HAS AN INTEREST HEREIN. 

 

					
		  	 STRYKER CORPORATION

Floating Rate Notes due 2020
	  	
			
	 No.
	  		  	€                      
		  		  	CUSIP NO. 8663667AR2
		  		  	 ISIN NO. XS1914503021

		  		  	 COMMON CODE 191450302

 Stryker Corporation, a Michigan corporation (herein called the “Company”, which term includes any
successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to Elavon Financial Services DAC, as common depositary for Euroclear Bank, SA/NV (“Euroclear”) and Clearstream Banking, S.A.
(“Clearstream”), or registered assigns, the principal sum of                Euros on November 30, 2020 and to pay interest thereon from November 30,
2018 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, quarterly on March 1, May 30, August 30 and November 30 in each year, commencing March 1, 2019, at a rate of interest
equivalent to the 3-month EURIBOR (the “Base Rate”) plus 0.28% per annum, as calculated by the Calculation Agent, until the principal hereof is paid or made available for payment; provided, however,
that the minimum interest rate shall be zero and in no event will the interest rate be higher than the maximum rate permitted by New York law as the same may be modified by United States laws of general application. 

  
 B-1 

 The interest rate on this Note will be reset quarterly on March 1, May 30,
August 30 and November 30 of each year (each an “Interest Reset Date”) commencing on March 1, 2019. The initial Base Rate for this Note in effect from the date of issuance of this Note to, but excluding, the first Interest
Reset Date will be the 3-month EURIBOR in effect on November 30, 2018. 
 The interest rate on
the Notes will be determined on the second TARGET2 business day preceding the Interest Payment Date (a “EURIBOR Interest Determination Date”). 

The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid
to the Person in whose name this Security is registered at the close of business on the Regular Record Date for such interest, which shall be the February 15, May 15, August 15 or November 15 (whether or not a Business Day), as
the case may be, preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this
Security is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of Securities of this series not less than 10 days prior to such
Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Securities of this series may be listed, and upon such notice as may be required by such exchange,
all as more fully provided in said Indenture. 
 Payment of the principal of (and premium, if any) and any such interest on this Security
will be made at the office or agency of the Company maintained for that purpose in the City of New York, State of New York or at the office or agency of the Paying Agent maintained for such purposes in the city of London, initially 125 Old Broad
Street, Fifth Floor, London EC2N 1AR; provided, however, that at the option of the Company payment of interest may be made by (i) check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register
or (ii) wire transfer in immediately available funds to the place and account designated in writing by the Person entitled to such payment as specified in the Security Register; and provided further, that if this Security is a Global Note,
payment may be made pursuant to the Applicable Procedures of the Depositary or its nominee as permitted in the Indenture. 
 All payments of
interest, premium, if any, and principal, including payments made upon any redemption or repurchase of this Note, will be made in Euro; provided that if the Euro is unavailable to the Company due to the imposition of exchange controls or other
circumstances beyond the Company’s control or if the Euro is no longer being used by the then member states of the European Monetary Union that have adopted the Euro as their currency or for the settlement of transactions by public institutions
of or within the international banking community, then all payments in respect of the Notes will be made in U.S. dollars until the Euro is again available to the Company or so used. In such circumstances, the amount payable on any date in Euro will
be converted into U.S. dollars at the rate mandated by the Board of Governors of the Federal Reserve System as of the close of business on the second business day prior to the 

  
 B-2 

 
relevant payment date or, if the Board of Governors of the Federal Reserve System has not announced a rate of conversion, on the basis of the most recent U.S. dollar/Euro exchange rate published
in The Wall Street Journal on or prior to the second business day prior to the relevant payment date or, in the event The Wall Street Journal has not published such exchange rate, the rate will be determined in the Company’s sole discretion on
the basis of the most recently available market exchange rate for the Euro. Any payment in respect of this Security so made in U.S. dollars will not constitute an Event of Default (as defined in the Indenture). Neither the Trustee nor the Paying
Agent shall have any responsibility for any calculation or conversion in connection with the foregoing. 
 Reference is hereby made to the
further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereof has been executed by the Trustee referred to on the reverse hereof by manual signature, this
Security shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
 B-3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed under its
corporate seal. 
  

			
	STRYKER CORPORATION

 
			
		
	By: 	 	 
		 	Name:
		 	Title:

 
			
	
	Attest:

 
			
		
	By: 	 	 
		 	Name:
		 	Title:

  
 B-4 

 CERTIFICATE OF AUTHENTICATION 

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

 

					
	U.S. BANK NATIONAL ASSOCIATION
	As Trustee
		
	By: 	 	 
		 		 	 Authorized Signatory

			
		 		 	 Dated:

  
 B-5 

 Form of Reverse of 2020 Note 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”), issued and to be
issued in one or more series under an Indenture, dated as of January 15, 2010 (the “Base Indenture”), as supplemented by the Eighteenth Supplemental Indenture, dated as of November 30, 2018 (the “Supplemental Indenture”
and, together with the Base Indenture, the “Indenture”), between the Company and U.S. Bank National Association, a nationally chartered banking association, as Trustee (herein called the “Trustee”, which term includes any
successor trustee under the Indenture), and reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Securities and
of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof, initially limited in aggregate principal amount to €300,000,000, provided that the Company
may, without the consent of any Holder, at any time and from time to time increase the initial principal amount. 
 The Securities of this
series are subject to redemption as provided in Section 3.02 of the Supplemental Indenture and Article XI of the Base Indenture. 

This Security will not be subject to any sinking fund. 

The Indenture contains provisions for defeasance at any time of the entire indebtedness of this Security or certain restrictive covenants and
Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the Indenture. 
 If an
Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Securities of each series to be affected under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount of the Securities at the
time Outstanding of each series to be affected. The Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Securities of each series at the time Outstanding, on behalf of the Holders of all
Securities of such series, to waive compliance by the Company with certain provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Security shall be
conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent or waiver is
made upon this Security. 
 As provided in and subject to the provisions of the Indenture, the Holder of this Security shall not have the
right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of
Default with respect to 

  
 R-1 

 
the Securities of this series, the Holders of not less than 25% in principal amount of the Securities of this series at the time Outstanding shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time
Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the
Holder of this Security for the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Company, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Security is registrable in the
Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and interest on this Security are payable, duly endorsed by, or accompanied by
a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Securities of this series and of like
tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees. 

The Securities of this series are issuable only in registered form without coupons in minimum denominations of €100,000 and integral
multiples of €1,000 above that amount. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like
tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any
such registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee
may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

THE SECURITIES OF THIS SERIES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REGARD
TO ITS PRINCIPLES OF CONFLICTS OF LAWS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK), EXCEPT TO THE EXTENT THAT THE TRUST INDENTURE ACT IS APPLICABLE, IN WHICH CASE THE
TRUST INDENTURE ACT WILL GOVERN. 
 All terms used in this Security which are defined in the Indenture shall have the meanings assigned to
them in the Indenture. 

  
 R-2Exhibit 10.1

 

MASTER FRANCHISE AGREEMENT

 

This Master Franchise
Agreement (“Agreement”) is made and entered into on the 20th day of November, 2018 (the “Effective Date”) at Mumbai, by and between Smaaash Entertainment Private Limited, an Indian company, with its address at Trade View, Level
2, Kamala Mills, Lower Parel, Mumbai 400013, India (“Franchisor”) and I-AM Capital Acquisition Company, a company incorporated
in the United States of America, with an address at 1345 Avenue of the Americas, 11th floor, New York, 10105 (“Franchisee”).

 

RECITALS

 

A.          WHEREAS, Franchisor
operates entertainment centers and gaming arcades throughout India as well as at the Mall of the Americas in Minneapolis Minnesota
where Franchisor, through its virtual reality and sports simulation technology and proprietary gamification technologies provides
sport and recreational activities/services; and

 

B.          WHEREAS, Franchisee
is [•] (add the business of the Franchisee); and

 

C.          WHEREAS, Franchisor
desires to appoint Franchisee, and Franchisee desires to be so appointed, to act as Franchisor’s exclusive Franchisee in
the territories of North America and South America (“Territory”) in the manner set out in this Agreement, for setting
up, managing and operating entertainment centres and gaming arcades involving virtual reality, sports simulation technology and
proprietary gamification technologies to provide sport and recreational activities/services to the public (“Smaaash Centres”), upon the terms and subject to the conditions hereinafter provided.

 

NOW, THEREFORE, the parties agree as follows:

 

		1.	Grant of Franchise

 

1.1          Rights granted
to the Franchisee. Subject to Section 1.2, Franchisor hereby grants to Franchisee the exclusive right, (a) to establish and
operate Smaaash Centres in the Territory, (b) to sub-license the right to establish and operate Smaaash Centres to third party
franchisees in and for the Territory, (c) a license to use the products and other services developed by Franchisor with respect
to the Smaaash Centres (including a right to authorise the use of products and services developed by the Franchisor by third party
franchisees), in the Territory, and (d) to identify third party franchisees for the Smaaash Centres in the Territory. The rights
granted herein include the limited license to use the Trademarks of the Franchisor (the details of which are morefully set out
in Exhibit A), as set out in Section 3 of this Agreement, for the purposes of establishing and operating the Smaaash Centres in
the Territory. It is clarified that if third party franchisees shall be establishing and operating Smaaash Centres in the manner
contemplated under this Agreement, then the Franchisee shall ensure that such third party franchisees complies with all the obligations
and duties of the Franchisee, as recorded under this Agreement, and to this extent, Franchisee may enter into relevant agreements
with such third party franchisees.

 

1.2          Notwithstanding
the right granted to the Franchisee in Section 1.1, the Franchisor and its affiliates shall retain the right on the terms and conditions
that the Franchisor may deem fit and without granting any rights therein to the Franchisee, (i) to own, acquire, establish and
/ or operate, and to a grant a license to third parties to establish and operate Smaaash Centres at any location outside the Territory,
and (ii) to own, acquire, establish and / or operate, and to grant a license to third parties to establish and operate, gaming
and entertainment centres under other proprietary marks or other systems, whether such centres are the same, similar or different
from the Smaaash Centres, at any location within or outside the Territory.

 

1.3          This arrangement
has been entered into by the parties on an arms’length basis. All commercials between the parties in relation to the transactions
contemplated under this Agreement, if not specifically provided in this Agreement, shall be agreed mutually between the parties.

 

1.4          Additional Considerations

 

(a)          Pricing.
Franchisor and Franchisee shall agree upon and decide the locations at which the Smaaash Centres shall be set up within the Territory.
The Franchisee shall not be entitled to set up any new Smaaash Centres without consulting with, and obtaining the prior written
consent of Smaaash.

 

(b)          The prices of
the products and services offered in each of the Smaaash Centres shall be decided mutually among the parties. Any revision to the
agreed fees, including any discounts or prizes or other promotional measures shall require the prior written consent from Franchisor.

 

    

     

    

 

(c)          Franchisee
or the third party franchisee, as the case may be, shall be entitled to receive the revenue generated from each of the
Smaaash Centres. If third party franchisees are operating the Smaaash Centres, then the Franchisee shall be entitled to
receive, (i) 5% (five percent) of the capital expenditure as agreed among the parties for the particular Smaaash Centre as
sign -on fees or upfront advance, and (ii) 5% (five percent) fee or commission of the revenue generated by such third party
franchisees from the Smaash Centres on an annual basis.

 

1.5          Operation
of Smaaash Centres. Franchisee or third party sub –franchisees shall be under an obligation to set up at least 6 (six)
Smaaash Centres during the first Contract Year or any other time period as may be provided by Franchisor. The Smaaash Centres shall
be established and operated in the Territory using the assumed trade name ’Smaaash’or any other trade name that the
Franchisor may designate. Franchisee shall maintain good customer relations in accordance with prudent and reasonable business
practices. Franchisee shall perform its obligations hereunder without using subcontractors, sub-distributors, independent sales
representatives, agents, Franchisee’s affiliates or other non-employees (“Third Parties”) to perform the obligations
of Franchisee under this Agreement except to the contrary specifically stated in this Agreement or unless they have been approved,
in writing, in advance, by Franchisor, such approval not to be unreasonably withheld.

 

2.            Term
The term of this Agreement shall commence as of the Effective Date and shall continue until terminated as hereinafter provided
(the “Term”). Each calendar year during the Term is sometimes hereinafter referred to as a “Contract Year.”

 

3.            Grant of License
in the Trademarks

 

3.1          License. Subject to the terms of this Agreement (including all obligations to first obtain Franchisor’s written approval), Franchisor
hereby grants to Franchisee the right to use the Trademarks (the details of which are set out in Exhibit A to this Agreement) (including
sub-licensing this right to third party franchisees with the approval of Franchisor), on a royalty-free basis, for the purpose
of operating and promoting the Smaaash Centres in the Territory. Franchisee is, in particular entitled to:

 

(a)          offer, market and/or distribute
any products and services in connection with the Smaaash Centres under the Trademarks; and

 

    

     

    

 

b)           use
the Trademarks on business stationery and/or in advertising in connection with the advertising, promotion and distribution of Smaaash
Centres in the Territory.

 

3.2          Exclusivity
of License. Except as provided in the next sentence, the license granted herein shall be exclusive. “Exclusivity”
shall mean that Franchisor shall not grant any further licenses to third parties in the Trademarks for use in connection with Smaaash
Centres in the Territory, and the Franchisee shall not enter into any arrangement or agreement with any third parties for establishing
or operating any gaming and entertainment centres identical or similar to Smaaash Centres, in the Territory except as otherwise
provided in this Agreement; provided, however, that Franchisor may continue to use the Trademarks in the Territory in connection
with the operation of Franchisor’s entertainment centers already set up as of the Effective Date in the Territory. The restriction
contained in this Agreement shall apply on the parties throughout the Term.

 

3.3          Form of Use. Unless otherwise provided herein
or agreed by the parties in writing, Franchisee shall use the Trademarks that are registered in the Territory in their
registered form.

 

4.            Compliance
with Law Franchisee shall ensure that the Smaaash Centres shall be set up, established, operated, managed, advertised, marketed,
promoted, publicized and otherwise exploited, in accordance with all applicable laws and regulations in the Territory, including
without limitation, all customs requirements and country of origin regulations.

 

5.            Marketing
and Promotional Activities

 

5.1          Best Efforts.

 

(a)          Franchisee
shall exercise its best efforts to effectively market, promote, and publicise the Smaaash Centres throughout the Territory. Franchisee
shall also be obligated to identify suitable locations to set up the Smaaash Centres. Franchisee shall comply with, and ensure
that the third party sub-franchisees comply with the standards prescribed by Franchisor (as provided in the operating manuals which
shall be shared by Franchisor with Franchisee) with respect to the services, products and operations of the Smaaash Centres and
shall operate the Smaaash Centres in strict conformity with such standards and specifications as Franchisor may from time to time
prescribe to Franchisee. Franchisee shall refrain from deviating from such standards and specifications without Franchisor’s
prior written consent and from otherwise operating in any manner which reflects adversely on the Trademarks and Smaaash Centres.

 

(b)          Unless
otherwise agreed by Franchisor in writing, throughout the Term, Franchisee shall maintain, and shall ensure that the third party
sub –franchisees maintain an organizational structure or local management reasonably necessary to adequately support the
advertising, marketing and promotion of the Smaaash Centres and the services and products offered by Smaaash Centres throughout
the Territory. The third party sub –franchisees shall also be responsible for all employee related compliances as per the
relevant applicable laws. Towards this purpose, Franchisee shall appoint a qualified chief operating officer, in consultation with
Franchisor, to undertake and manage the obligations of Franchisee as set out in this Agreement. Franchisor shall also be entitled
to designate and appoint personnel from its managerial team to assist and train the personnel and staff of the Franchisee or any
other third party sub - franchisee in setting up the Smaaash Centres, and further provide technical and design knowledge to the
third party sub - franchisees.

 

5.2          Promotional
Material and Products. Franchisee shall submit to Franchisor, for Franchisor’s prior written approval, samples of all
advertising and promotional materials that Franchisee desires to use to promote Smaaash Centres, including without limitation,
print and online advertising designs, trade show display materials, press releases and interviews for publication in any media
(“Promotional Material”). Franchisee shall modify any disapproved Promotional Material to satisfy Franchisor’s
reasonable objections so that it is acceptable to Franchisor. Franchisor shall provide Franchisee with the creative elements of
any Promotional Materials that Franchisor creates or acquires for use in connection with the advertising and sale of Products outside
the Territory.

 

6.            Intellectual
Property

 

6.1          Ownership.

 

(a)          Franchisor
is the sole owner of any and all intellectual property rights relating to the Smaaash Centres and their products and services existing
as of the Effective Date, including, but not limited to, the Trademarks and all the goodwill relating thereto (the “Franchisor
Property”). Franchisee, or any third party franchisee, by reason of this Agreement, has not and shall not acquire any right,
title, interest or claim of ownership in any of the Franchisor Property in the Territory or elsewhere, except to the extent provided
under the license granted under Sections 1 and 3 of this Agreement.

 

    

     

    

 

(b)          Franchisee
acknowledges that, (i) Franchisor is the sole and exclusive owner of all right, title and interest in any Franchisor Property;
(ii) nothing contained in this Agreement shall give to Franchisee any right, title or interest in any Franchisor Property; and
(iii) Franchisee’s use of the Franchisor Property, and any associated goodwill, shall inure only to the benefit of Franchisor
and shall be deemed to be solely the property of Franchisor should this Agreement be terminated for any reason.

 

6.2          Registration
and Cooperation. Franchisee shall not, directly or indirectly, seek or obtain any new registration for Franchisor Property
(including without limitation, any colorable imitations, translations, or transliterations thereof), anywhere in the world without
Franchisor’s prior written consent. If Franchisee has obtained or obtains in the future, in any country, any right, title
or interest in any Franchisor Property notwithstanding the previous sentence (including any colorable imitations, translations,
or transliterations thereof), Franchisee will be deemed to have so acted as an agent and for the benefit of Franchisor for the
limited purpose of obtaining such registrations and assigning them to Franchisor. Franchisee shall execute, for no additional consideration,
any and all documents deemed necessary by Franchisor or its attorneys to be necessary to transfer such right, title or interest
to Franchisor.

 

6.3          No Challenges.
Franchisee shall not do anything or suffer anything to be done which may adversely affect any rights of Franchisor in and to any
Franchisor Property, or any registrations thereof or which, directly or indirectly, may reduce or dilute the value or distinctiveness
of such Franchisor Property, in particular the Trademarks, or disparage or detract from Franchisor’s reputation. Franchisee
shall not challenge, directly or indirectly, Franchisor’s interest in, or the validity of, any Franchisor Property, or any
application for registration or trademark registration thereof or any rights of Franchisor therein. The provisions of this Section
6.3 shall survive the termination of this Agreement.

 

7.            Third Party
Infringements; Attacks on Use of the Trademarks; Cooperation

 

7.1          Third Party Infringements.

 

(a)          Mutual
Information. Each of the parties shall inform the other without undue delay when such party becomes aware of any infringements
of any of the Franchisor Property in the Territory.

 

(b)          Initiation
of Action. Any actions against infringers of any of the Franchisor Property, whether or not such actions involve litigation
(including any actions taken to oppose a third party application to register an infringing trademark or a cancellation action against
a third party’s infringing trademark registration), shall be exclusively reserved to Franchisor, unless otherwise agreed
by Franchisor in writing. Notwithstanding the foregoing, Franchisor shall be under no obligation to initiate any such action. If
requested by Franchisor, Franchisee shall support Franchisor, at Franchisor’s expense, in any such proceedings and, if requested
by Franchisor, Franchisee shall promptly provide Franchisor with any relevant documentation in Franchisee’s possession.

 

7.2          Attacks on
the Use of the Franchisor Property. Each of the parties shall inform the other if it becomes aware of a claim by a third party
that the use of any of any of the Franchisor Property infringes on the rights of such third party. If requested by Franchisor,
Franchisee shall support Franchisor, at Franchisor’s expense, in connection with Franchisor’s defense against any such
third party claims. Unless otherwise agreed by Franchisor in writing, Franchisor shall take the lead in any defense against a third
party action, whether brought against Franchisor and/or Franchisee. The decision whether or not a defense is appropriate shall
be in Franchisor’s sole discretion. Franchisee shall not settle any third party claims against it regarding its use of any
of the Franchisor Property without the prior written consent of Franchisor.

 

7.3          Indemnity.
The Franchisee shall indemnify and hold the Franchisor, its affiliates and their respective agents and employees harmless from
all claims, actions, suits, damages, costs and expenses in relation to or arising out of the breach of any representations, warranties,
covenants and obligations of the Franchisee as set out in this Agreement. The indemnification rights of the Franchisor shall be
without prejudice to, and independent of any other rights and remedies that the Franchisor may have at law or in equity, including
the right to seek specific performance, injunctive relief or restitution, none of which rights or remedies shall be affected or
diminished thereby. The provisions of this Section 7.3 shall survive the termination of this Agreement.

 

8.            Termination

 

8.1          Termination
by Mutual Agreement. This Agreement may be terminated at any time upon the mutual written agreement of the parties.

 

    

     

    

 

8.2          Termination
by Franchisor with Notice. Franchisor may terminate this Agreement upon thirty (30) days written notice to Franchisee upon
the occurrence of any of the following:

 

(a)          Franchisee fails
to make any payment required under or in connection with this Agreement;

 

(b)          Franchisee
ceases to operate or otherwise abandon the Smaaash Centres without the consent of Franchisor, or otherwise forfeit the right to
do or transact business in the Territory;

 

(c)          Franchisee
fails to use its best efforts to market and promote Smaaash Centres and the services and products offered by Smaaash Centres within
the Territory and such failure is not cured within thirty (30) days of Franchisor’s notification to Franchisee of such failure.

 

8.3          Termination
for Cause. This Agreement may be terminated by either party for “Cause” without the need of providing a notice
period prior to such termination becoming effective. “Cause” shall exist if circumstances occur which, taking into
consideration the substance and purpose of this Agreement, would make it unreasonable for one or both of the parties to continue
the contractual relationship and the other party fails to cure the cause (assuming that such cause is susceptible to cure) within
thirty (30) days after the date of receipt of a corresponding written notice (“Remedy Notice”). If such cause by its
nature is not curable, then no such Remedy Notice is required. Without limiting the generality of the foregoing, a party may terminate
this Agreement for “Cause”if:

 

(a)          the other party
to this Agreement is in breach of one or more of its material obligations; or

 

(b)         the other party
to this Agreement becomes insolvent, generally cannot pay its obligations when due or otherwise suffers a substantial deterioration
of its financial situation, or if insolvency/bankruptcy proceedings are initiated against such party or such party initiates any
dissolution or liquidation of its business and/or assets.

 

8.4          Effects of Termination.

 

(a)          Upon the termination
of this Agreement, any indebtedness of Franchisee to Franchisor shall become immediately due and payable. Franchisee shall immediately
cease to operate the Smaaash Centres and shall not thereafter, directly or indirectly, represent to the public or hold itself out
as a franchisee of Franchisor. Franchisor shall have the right to suspend the performance of any of their obligations under this
Agreement. Franchisor shall have the right to provide the rights and license granted herein to Franchisee to any other third party
entity that Franchisor may deem fit.

 

(b)          All benefits
which may accrue by reason of the activities of Franchisee hereunder shall be deemed transferred automatically to Franchisor, and
all licenses and other rights granted to Franchisee hereunder shall immediately cease. Unless otherwise agreed by Franchisor in
writing, Franchisee shall immediately discontinue the advertising and marketing of Smaaash Centres and the products and services
offered by Smaaash Centres.

 

(c)          Each of the
parties shall continue to maintain in confidence any and all confidential information received from the other party. At Franchisor’s
election, Franchisor may purchase from Franchisee any materials used by Franchisee for the advertising, marketing, promotion, publicizing
or other exploitation of Smaaash Centres and the products and services offered by the Smaaash Centres, including all Promotional
Materials, Franchisor Property, or any other materials which contain any of the Trademarks.

 

(d)          The termination
of this Agreement for any reason shall not affect obligations accrued prior to the effective date of such termination of this Agreement
or any obligations which, either expressly or from the context of this Agreement, are intended to survive the termination of this
Agreement.

 

9.            Notices and Other Communications All reports, approvals, requests, demands, notices and other communications (collectively “Communications”) required or permitted by this Agreement shall be in writing and signed by a duly authorized officer of or such other individual
designated in writing by a party. Communications will be duly given if delivered personally, if mailed (by registered mail, return
receipt requested) or if delivered by nationally-recognized courier or mail service which requires the addressee to acknowledge,
in writing, the receipt thereof, to the party concerned at the following addresses (or at any other address as a party may specify
by notice in writing to the other):

	 	 	 
	If to Franchisor:	Smaaash Entertainment
    Private Limited	 
	 	Trade View, Level
    2	 
	 	Kamala Mills	 
	 	Lower Parel, Mumbai
    400013, India	 
	 	Attention: Mr. Vishwanath
    Kotian	 
	 	 
	If to Franchisee:	1345 Avenue of the Americas, 11th
    floor
	 	New York, NY 101015, USA
	 	Attention: Mr. Suhel Kanuga

    

     

    

 

10.           Miscellaneous

 

10.1          Entire Agreement. This
Agreement contains the entire understanding and agreement between the parties with respect to its subject matter, supersedes all
prior oral or written understandings and agreements relating thereto and may not be modified, discharged or terminated, nor may
any of the provisions hereof be waived, orally.

 

10.2          Right to
inspect and request information. During the Term, Franchisor shall have the right to conduct audits of Franchisee with respect
to the Smaaash Centres, and inspect the Smaaash Centres, after providing a written notice of 5 (five) days. Franchisee shall be
under an obligation to provide any information as may be requested by Franchisor with respect to the Smaaash Centres, including
the books of accounts and other relevant documents or records maintained in relation to the Smaaash Centres.

 

10.3          Insurance.
During the Term, Franchisee shall maintain policies of insurance as may be requested by Franchisor, subject to applicable law,
in relation to the Smaaash Centres.

 

10.4          Representations
and warranties. Each of the parties represents and warrants to the other party that, (i) the Agreement constitutes a valid,
legal and binding obligation of such party and is enforceable against such party in accordance with its terms, (ii) it has the
power and authority to execute the Agreement and perform all its terms, and (iii) the execution and performance of this Agreement
shall not violate any charter documents of such party, contravene any provisions of law as applicable to such party (including
any order, decree, injunction of any competent court) or conflict with the provisions of any material agreement or contract executed
by such party. The provisions of this Section 10.4 shall survive the termination of this Agreement.

 

10.5          Governing Law.
(a) The parties hereto have expressly agreed that this Agreement shall be governed by, and construed in accordance with, the laws
of the State of New York, applicable to contracts executed and fully to be performed therein, to the exclusion of any other applicable
body of governing law.

 

(b)            Except as hereafter
provided, the parties hereby consent to the jurisdiction of the New York State Supreme Court, County of New York or in the United
States District Court for the Southern District of New York to resolve any dispute arising under this Agreement.

 

(c)            In the event of
any litigation or other action arising out of this Agreement, the court shall award to the substantially prevailing party all reasonable
costs and expenses including reasonable attorney’s fees.

 

10.6          WAIVER OF
JURY. THE PARTIES HEREBY WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR
ANY OF THE TRANSACTIONS CONTEMPLATED UNDER THIS AGREEMENT, WHETHER NOW OR EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN
CONTRACT, TORT OR OTHERWISE. THE PARTIES AGREE THAT ANY OF THEM MAY FILE A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE
OF THE KNOWING, VOLUNTARY AND BARGAINED FOR AGREEMENT AMONG THE PARTIES IRREVOCABLY TO WAIVE THE TRIAL BY JURY COURT, AND THAT
ANY PROCEEDINGS WHATSOEVER BETWEEN THEM RELATING TO THIS AGREEMENT SHALL INSTEAD BE TRIED IN A COURT OF COMPETENT JURISDICTION
BY A JUDGE SITTING WITHOUT A JURY.

 

10.7          Force Majeure.
The parties will not be liable to each other for any failure or delay in performance, other than failure to make timely payments
due under this Agreement, if it is because of earthquake, flood, fire, acts of God, civil unrest, terrorism, acts of any governmental
authority or any other reason beyond the reasonable control of either or both of the parties (“Force Majeure”). However,
either party may terminate this Agreement by and upon notice to the other if the other is unable to perform any of its material
obligations for a period of thirty (30) days by reason of a Force Majeure.

 

10.8          No Joint
Venture. Nothing herein is intended to constitute the parties as partners or as joint venturers, or either as agent of the
other, and neither party may obligate or bind the other.

 

10.9          Headings,
Definitions and other particulars. Headings and titles of sections and/or paragraphs are for convenience only. The definitions
in this Agreement shall apply equally to both the singular and plural forms of the terms defined. Whenever the context may require,
any pronoun shall include the corresponding masculine, feminine and neuter forms. The use of “including” in this Agreement
shall be construed as illustrative.

 

    

     

    

 

10.10          Amendment.
This Agreement shall, from the Effective Date, bind the parties to the terms herein and cannot be amended without the consent of
the parties. Further, this Agreement cannot be terminated by any party except in accordance with Clause 8 of this Agreement.

 

10.11          Assignment.
The Franchisor shall be entitled to assign, transfer, encumber or dispose of any of its rights and or obligations under this Agreement,
including to an affiliate, without the prior written consent of the Franchisee. The Franchisee shall not be entitled to assign,
transfer, encumber or dispose of any of its rights and or obligations under this Agreement, including to an affiliate, without
the prior written consent of the Franchisor.

 

10.12          Expenses.
The Franchisee shall bear all the costs and expenses in relation to the execution of this Agreement and the consummation of all
the transactions hereunder.

 

10.13          Counterparts.
This Agreement may be executed in two (2) or more counterparts, each of which shall be deemed an original, but all of which shall
constitute one and the same instrument. The delivery of signed counterparts by facsimile transmission or electronic mail in “portable
document format” (“.pdf”) shall be as effective as signing and delivering the document in person.

 

    

     

    

 

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

 

	 	SMAAASH ENTERTAINMENT PRIVATE LIMITED
	 	 	 
	 	By:	/s/ Shripal
    Morakhia
	 	 	 
	 	Name:	Shripal
    Morakhia
	 	 	 
	 	Title:	 
	 	 	 
	 	I-AM CAPITAL ACQUISITION COMPANY
	 	 	 
	 	By:	/s/ F.
    Jacob Cherian
	 	 	 
	 	Name:	F. Jacob
    Cherian
	 	 	 
	 	Title:	Chief
    Executive Officer

 

(exhibits follow)

 

    

     

    

 

Exhibit A

Trademarks

 

Separately annexed

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