Document:

Credit Agreement

 Exhibit 10.4 

CREDIT AGREEMENT 

dated as of May 6, 2010 

among 
 LIVE
NATION ENTERTAINMENT, INC., 
 as Parent Borrower, 

CERTAIN FOREIGN SUBSIDIARIES OF THE PARENT BORROWER, 

as Foreign Borrowers, 

CERTAIN SUBSIDIARIES OF THE BORROWER, 

as Guarantors, 

THE LENDERS PARTY HERETO, 

JPMORGAN CHASE BANK, N.A., 

as Administrative Agent and Collateral Agent, 

JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, 

as Canadian Agent, 

J.P. MORGAN EUROPE LIMITED, 

as London Agent, 

GOLDMAN SACHS LENDING PARTNERS LLC 

and 
 DEUTSCHE
BANK TRUST COMPANY AMERICAS, 
 as Co-Syndication Agents, 

BANK OF AMERICA, N.A., 

THE BANK OF NOVA SCOTIA, 

THE ROYAL BANK OF SCOTLAND PLC 

and 
 WELLS
FARGO BANK, NATIONAL ASSOCIATION 
 as Co-Documentation Agents, 

J.P. MORGAN SECURITIES INC., 

GOLDMAN SACHS LENDING PARTNERS LLC 

and 
 DEUTSCHE
BANK SECURITIES INC., 
 as Joint Lead Arrangers, 

and 
 J.P.
MORGAN SECURITIES INC., 
 GOLDMAN SACHS LENDING PARTNERS LLC, 

and 
 DEUTSCHE
BANK SECURITIES INC. 
 as Joint Bookrunners 

1067259 

 TABLE OF CONTENTS 

 

					
	 Section
	  	 	  	Page
		  	ARTICLE I	  	
			
		  	DEFINITIONS AND ACCOUNTING TERMS	  	
	 1.01
	  	 Defined Terms.
	  	1
	 1.02
	  	 Interpretative Provisions.
	  	38
	 1.03
	  	 Accounting Terms and Provisions.
	  	38
	 1.04
	  	 Rounding.
	  	39
	 1.05
	  	 Times of Day.
	  	39
	 1.06
	  	 Exchange Rates; Currency Equivalents.
	  	40
	 1.07
	  	 Additional Alternative Currencies.
	  	40
	 1.08
	  	 Additional Borrowers.
	  	40
	 1.09
	  	 Change of Currency.
	  	40
	 1.10
	  	 Letter of Credit Amounts.
	  	41
			
		  	ARTICLE II	  	
			
		  	COMMITMENTS AND CREDIT EXTENSIONS	  	
			
	 2.01
	  	 Commitments.
	  	41
	 2.02
	  	 Borrowings, B/A Drawings, Conversions and Continuations.
	  	46
	 2.03
	  	 Additional Provisions with Respect to Letters of Credit.
	  	47
	 2.04
	  	 Additional Provisions with Respect to Swingline Loans.
	  	53
	 2.05
	  	 Repayment of Loans and B/As.
	  	55
	 2.06
	  	 Prepayments.
	  	56
	 2.07
	  	 Termination or Reduction of Commitments.
	  	59
	 2.08
	  	 Interest.
	  	60
	 2.09
	  	 Fees.
	  	60
	 2.10
	  	 Computation of Interest and Fees.
	  	61
	 2.11
	  	 Payments Generally; Applicable Agent’s Clawback.
	  	61
	 2.12
	  	 Sharing of Payments by Lenders.
	  	63
	 2.13
	  	 Evidence of Debt.
	  	63
	 2.14
	  	 CAM Exchange.
	  	64
	 2.15
	  	 Canadian Bankers’ Acceptances.
	  	65
	 2.16
	  	 Defaulting Lenders.
	  	67
			
		  	ARTICLE III	  	
			
		  	TAXES, YIELD PROTECTION AND ILLEGALITY	  	
			
	 3.01
	  	 Taxes.
	  	69
	 3.02
	  	 Illegality.
	  	72
	 3.03
	  	 Inability to Determine Rates.
	  	72
	 3.04
	  	 Increased Cost; Capital Adequacy.
	  	73
	 3.05
	  	 Compensation for Losses.
	  	74
	 3.06
	  	 Mitigation Obligations; Replacement of Lenders.
	  	74
	 3.07
	  	 Survival Losses.
	  	75
	 3.08
	  	 Additional Reserve Costs.
	  	75

  

 -i- 

					
	 Section
	  	 	  	Page
			
		  	ARTICLE IV	  	
			
		  	GUARANTY	  	
			
	 4.01
	  	 The Guaranty.
	  	75
	 4.02
	  	 Obligations Unconditional.
	  	76
	 4.03
	  	 Reinstatement.
	  	77
	 4.04
	  	 Certain Waivers.
	  	77
	 4.05
	  	 Remedies.
	  	77
	 4.06
	  	 Rights of Contribution.
	  	77
	 4.07
	  	 Guaranty of Payment; Continuing Guaranty.
	  	78
			
		  	ARTICLE V	  	
			
		  	CONDITIONS PRECEDENT TO CREDIT EXTENSIONS	  	
			
	 5.01
	  	 Conditions to Closing Date.
	  	78
	 5.02
	  	 Conditions to All Credit Extensions.
	  	80
	 5.03
	  	 First Credit Extension to each Foreign Borrower.
	  	81
			
		  	ARTICLE VI	  	
			
		  	REPRESENTATIONS AND WARRANTIES	  	
			
	 6.01
	  	 Existence, Qualification and Power.
	  	81
	 6.02
	  	 Authorization; No Contravention.
	  	82
	 6.03
	  	 Governmental Authorization; Other Consents.
	  	82
	 6.04
	  	 Binding Effect.
	  	82
	 6.05
	  	 Financial Statements.
	  	82
	 6.06
	  	 No Material Adverse Effect.
	  	82
	 6.07
	  	 Litigation.
	  	83
	 6.08
	  	 No Default.
	  	83
	 6.09
	  	 Ownership of Property; Liens.
	  	83
	 6.10
	  	 Environmental Matters.
	  	83
	 6.11
	  	 Taxes.
	  	83
	 6.12
	  	 ERISA Compliance.
	  	83
	 6.13
	  	 Labor Matters.
	  	84
	 6.14
	  	 Subsidiaries.
	  	84
	 6.15
	  	 Margin Regulations; Investment Company Act.
	  	84
	 6.16
	  	 Disclosure.
	  	84
	 6.17
	  	 Compliance with Laws.
	  	85
	 6.18
	  	 Insurance.
	  	85
	 6.19
	  	 Solvency.
	  	85
	 6.20
	  	 Intellectual Property; Licenses, Etc.
	  	85
	 6.21
	  	 Collateral Matters.
	  	85
	 6.22
	  	 Status of Obligations.
	  	86
	 6.23
	  	 Immunities, Etc.
	  	86
			
		  	ARTICLE VII	  	
			
		  	AFFIRMATIVE COVENANTS	  	
			
	 7.01
	  	 Financial Statements.
	  	86
	 7.02
	  	 Certificates; Other Information.
	  	87
	 7.03
	  	 Notification.
	  	89

  

 -ii- 

					
	 Section
	  	 	  	Page
			
	 7.04
	  	 Preservation of Existence.
	  	89
	 7.05
	  	 Payment of Taxes and Other Obligations.
	  	89
	 7.06
	  	 Compliance with Law.
	  	90
	 7.07
	  	 Maintenance of Property.
	  	90
	 7.08
	  	 Insurance.
	  	90
	 7.09
	  	 Books and Records.
	  	90
	 7.10
	  	 Inspection Rights.
	  	90
	 7.11
	  	 Use of Proceeds.
	  	91
	 7.12
	  	 Joinder of Subsidiaries as Guarantors.
	  	91
	 7.13
	  	 Pledge of Capital Stock.
	  	91
	 7.14
	  	 Pledge of Other Property.
	  	92
	 7.15
	  	 Further Assurances Regarding Collateral.
	  	92
	 7.16
	  	 Interest Rate Protection.
	  	92
	 7.17
	  	 Ownership of Foreign Borrowers.
	  	92
	 7.18
	  	 Post-Closing Matters.
	  	93
			
		  	ARTICLE VIII	  	
			
		  	NEGATIVE COVENANTS	  	
			
	 8.01
	  	 Liens.
	  	93
	 8.02
	  	 Investments.
	  	95
	 8.03
	  	 Indebtedness.
	  	97
	 8.04
	  	 Mergers and Dissolutions.
	  	99
	 8.05
	  	 Dispositions.
	  	100
	 8.06
	  	 Restricted Payments.
	  	100
	 8.07
	  	 Change in Nature of Business.
	  	101
	 8.08
	  	 Change in Accounting Practices or Fiscal Year.
	  	102
	 8.09
	  	 Transactions with Affiliates.
	  	102
	 8.10
	  	 Financial Covenants.
	  	102
	 8.11
	  	 Capital Expenditures.
	  	103
	 8.12
	  	 Limitation on Subsidiary Distributions.
	  	103
	 8.13
	  	 Amendment of Material Documents.
	  	104
	 8.14
	  	 Sale and Leaseback Transactions.
	  	104
	 8.15
	  	 Swap Contracts.
	  	105
			
		  	ARTICLE IX	  	
			
		  	EVENTS OF DEFAULT AND REMEDIES	  	
			
	 9.01
	  	 Events of Default.
	  	105
	 9.02
	  	 Remedies upon Event of Default.
	  	107
	 9.03
	  	 Application of Funds.
	  	107
			
		  	ARTICLE X	  	
			
		  	AGENTS	  	
			
	 10.01
	  	 Appointment and Authorization of the Agents.
	  	108
	 10.02
	  	 Rights as a Lender.
	  	109
	 10.03
	  	 Exculpatory Provisions.
	  	109
	 10.04
	  	 Reliance by Agents.
	  	110
	 10.05
	  	 Delegation of Duties.
	  	110
	 10.06
	  	 Resignation of an Agent.
	  	110
	 10.07
	  	 Non-Reliance on Agents and Other Lenders.
	  	111

  

 -iii- 

					
	 Section
	  	 	  	Page
			
	 10.08
	  	 No Other Duties.
	  	111
	 10.09
	  	 Agents May File Proofs of Claim.
	  	111
	 10.10
	  	 Collateral and Guaranty Matters.
	  	112
	 10.11
	  	 Withholding Tax.
	  	113
	 10.12
	  	 Treasury Management Agreements and Swap Contracts.
	  	113
			
		  	ARTICLE XI	  	
			
		  	MISCELLANEOUS	  	
			
	 11.01
	  	 Amendments, Etc.
	  	113
	 11.02
	  	 Notices; Effectiveness; Electronic Communication.
	  	116
	 11.03
	  	 No Waiver; Cumulative Remedies; Enforcement.
	  	118
	 11.04
	  	 Expenses; Indemnity; Damage Waiver.
	  	118
	 11.05
	  	 Payments Set Aside.
	  	119
	 11.06
	  	 Successors and Assigns.
	  	120
	 11.07
	  	 Treatment of Certain Information; Confidentiality.
	  	124
	 11.08
	  	 Right of Setoff.
	  	125
	 11.09
	  	 Interest Rate Limitation.
	  	125
	 11.10
	  	 Counterparts; Integration; Effectiveness.
	  	125
	 11.11
	  	 Survival of Representations and Warranties.
	  	126
	 11.12
	  	 Severability.
	  	126
	 11.13
	  	 Replacement of Lenders.
	  	126
	 11.14
	  	 Governing Law; Jurisdiction; Etc.
	  	127
	 11.15
	  	 Waiver of Jury Trial.
	  	128
	 11.16
	  	 USA PATRIOT Act Notice.
	  	128
	 11.17
	  	 Designation as Senior Debt.
	  	128
	 11.18
	  	 Limitation on Foreign Credit Party Obligations.
	  	128
	 11.19
	  	 No Advisory or Fiduciary Responsibility.
	  	128

  

 -iv- 

 SCHEDULES 

 

			
	Schedule 1.01A	  	Designated Sale and Leaseback Assets
	Schedule 1.01B	  	Existing Letters of Credit
	Schedule 1.01C	  	Closing Date Guarantors
	Schedule 1.01D	  	HOBE Excluded Assets
	Schedule 1.01E	  	Certain Capital Stock
	Schedule 1.01F	  	Letter of Credit Cap
	Schedule 2.01	  	Lenders and Commitments
	Schedule 3.08	  	Mandatory Cost Rate
	Schedule 6.14	  	Subsidiaries
	Schedule 6.21	  	Filings and Recordings
	Schedule 7.08	  	Insurance
	Schedule 7.18	  	Post-Closing Matters
	Schedule 8.01	  	Existing Liens
	Schedule 8.02(b)	  	Existing Investments
	Schedule 8.02(x)	  	Designated Investments
	Schedule 8.03	  	Existing Indebtedness
	Schedule 8.05	  	Designated Assets
	Schedule 8.06(b)	  	Certain Restricted Payments
	Schedule 11.02	  	Notice Addresses

 EXHIBITS

  

			
	Exhibit 1.01A	  	Form of Foreign Borrower Agreement
	Exhibit 1.01B	  	Form of Foreign Borrower Termination
	Exhibit 1.01C	  	Form of U.S. Pledge Agreement
	Exhibit 1.01D	  	Form of U.S. Security Agreement
	Exhibit 2.02	  	Form of Loan Notice
	Exhibit 2.13-1	  	Form of Dollar Revolving Note
	Exhibit 2.13-2	  	Form of Limited Currency Revolving Note
	Exhibit 2.13-3	  	Form of Multicurrency Revolving Note
	Exhibit 2.13-4	  	Form of Swingline Note
	Exhibit 2.13-5	  	Form of Term A Note
	Exhibit 2.13-6	  	Form of Term B Note
	Exhibit 3.01(e)	  	Form of Non-Bank Certificate
	Exhibit 7.02(b)	  	Form of Compliance Certificate
	Exhibit 7.12	  	Form of Joinder Agreement
	Exhibit 11.06	  	Form of Assignment and Assumption

  

 -v- 

 CREDIT AGREEMENT 

This CREDIT AGREEMENT (this “Credit Agreement”) is entered into as of May 6, 2010, among LIVE NATION ENTERTAINMENT,
INC., a Delaware corporation (the “Parent Borrower”), the Foreign Borrowers party hereto from time to time (together with the Parent Borrower, the “Borrowers”), the Guarantors identified herein, the Lenders party
hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent and Collateral Agent, JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, as Canadian Agent and J.P. MORGAN EUROPE LIMITED, as London Agent. 

W I T N E S S E T H 

WHEREAS, the Borrowers and the Guarantors have requested that the Lenders provide revolving credit and term loan facilities for the
purposes set forth herein; and 
 WHEREAS, the Lenders have agreed to make the requested facilities available on the terms and
conditions set forth herein; 
 NOW, THEREFORE, in consideration of these premises and the mutual covenants and agreements
contained herein, the receipt and sufficiency of which are hereby acknowledged, the parties hereto covenant and agree as follows: 

ARTICLE I 

DEFINITIONS AND ACCOUNTING TERMS 

1.01 Defined Terms. 

As used in this Credit Agreement, the following terms have the meanings provided below: 

“Academy Music Group” means AMG and its Subsidiaries. 

“Acquisition” means the purchase or acquisition (whether in one or a series of related transactions) by any Person of
(a) more than fifty percent (50%) of the Capital Stock with ordinary voting power of another Person or (b) all or substantially all of the property (other than Capital Stock) of another Person or division or line of business or
business unit of another Person, whether or not involving a merger or consolidation with such Person. 
 “Adjusted
Eurodollar Rate” means, with respect to any Borrowing of Eurodollar Rate Loans for any Interest Period, (a) an interest rate per annum (rounded upward, if necessary, to the nearest 1/100th of 1%) determined by the Applicable Agent to
be equal to the Eurodollar Rate for such Borrowing of Eurodollar Rate Loans in effect for such Interest Period divided by (b) 1 minus the Statutory Reserves (if any) for such Borrowing of Eurodollar Rate Loans for such Interest Period.

 “Administrative Agent” means JPMCB in its capacity as administrative agent for the Lenders under any of the
Credit Documents, or any successor administrative agent. 
 “Administrative Agent Fee Letter” means that
certain administrative agent fee letter dated as of the Closing Date among the Parent Borrower and JPMCB. 

“Administrative Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set
forth on Schedule 11.02, or such other address or account as the Administrative Agent may from time to time notify the Parent Borrower and the Lenders. 

“Administrative Questionnaire” means an administrative questionnaire for the Lenders in a form supplied by the
Administrative Agent. 

 “Affiliate” means, with respect to any Person, another Person that
directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Agent” means any of the Administrative Agent, the Canadian Agent, the London Agent or the Collateral Agent. 

“Aggregate Commitments” means the aggregate principal amount of the Revolving Commitments, Term A Loan Commitments and
Term B Loan Commitments. 
 “Aggregate Dollar Revolving Commitments” means the Dollar Revolving Commitments of
all the Lenders. 
 “Aggregate Dollar Revolving Committed Amount” has the meaning provided in
Section 2.01(a)(i). 
 “Aggregate Limited Currency Revolving Commitments” means the Limited
Currency Revolving Commitments of all the Lenders. 
 “Aggregate Limited Currency Revolving Committed Amount”
has the meaning provided in Section 2.01(a)(ii). 
 “Aggregate Multicurrency Revolving Commitments” means
the Multicurrency Revolving Commitments of all Lenders. 
 “Aggregate Multicurrency Revolving Committed Amount”
has the meaning provided in Section 2.01(a)(iii). 
 “Aggregate Revolving Commitment Percentage” means, as
to each Revolving Lender at any time, a fraction (expressed as a percentage carried to the ninth decimal place), the numerator of which is such Revolving Lender’s Revolving Committed Amount at such time and the denominator of which is the
Aggregate Revolving Committed Amount at such time. 
 “Aggregate Revolving Commitments” means the sum of the
Revolving Commitments of all Revolving Lenders. 
 “Aggregate Revolving Committed Amount” means the collective
reference to the Aggregate Dollar Revolving Committed Amount, the Aggregate Limited Currency Revolving Committed Amount and the Aggregate Multicurrency Revolving Committed Amount. 

“Alternative Currency” means each of Euros, Canadian Dollars, Sterling, Swedish Krona, Australian Dollars, Japanese Yen
and Swiss Francs and any other currency added as an “Alternative Currency” pursuant to Section 1.07 hereof. 

“Alternative Currency L/C Obligations” means any L/C Obligations arising from an Alternative Currency Letter of Credit.

 “Alternative Currency L/C Sublimit” means $25.0 million. 

“Alternative Currency Letter of Credit” means any Letter of Credit denominated in an Alternative Currency. 

“Alternative Currency Sublimit” means $100.0 million. 

“AMG” means Academy Music Holdings Ltd., a company incorporated in England and Wales. 

“AMG Indebtedness” means Indebtedness of any Person comprising part of the Academy Music Group in an aggregate amount
not exceeding the US Dollar Equivalent of £40,000,000 at any time outstanding. 
  

 -2- 

 “Applicable Agent” means (a) with respect to a Loan denominated in
Dollars or a Letter of Credit denominated in any Approved Currency, or with respect to any payment that does not relate to any Loan, Borrowing or Letter of Credit, the Administrative Agent, (b) with respect to a Loan denominated in Canadian
Dollars or a B/A, the Canadian Agent and (c) with respect to a Loan denominated in any other Alternative Currency, the London Agent. 

“Applicable Agent’s Office” means such Applicable Agent’s address and, as appropriate, account as set forth on
Schedule 11.02, or such other address or account as such Applicable Agent may from time to time notify the Parent Borrower and the Lenders. 

“Applicable Disposition Amount” means $300.0 million increased by $50.0 million on each January 1 beginning on
January 1, 2011 minus the aggregate amount (measured at the fair market value thereof) of all Property Disposed of pursuant to Section 8.05 (other than Dispositions of Designated Assets) from and after the Closing Date.

 “Applicable Percentage” means (i) with respect to Revolving Loans, Swingline Loans, B/A Drawings,
Letter of Credit Fees and Term A Loans, the percentages per annum in the first table below and (ii) with respect to Term B Loans, the following percentages per annum in the second table below: 

APPLICABLE PERCENTAGES FOR REVOLVING LOANS, SWINGLINE LOANS, 

B/A DRAWINGS, LETTER OF CREDIT FEES AND TERM A LOANS 

 

									
	 Pricing Level
	  	 Consolidated Total

Leverage Ratio
	  	Eurodollar Rate Loans,
B/A Drawings

and
Letter of Credit Fees	 	 	Base Rate Loans	 
	  I
	  	< 1.50:1.00	  	2.00	% 	 	1.00	% 
	 II
	  	 > 1.50 but

< 2.00:1.00
	  	2.25	% 	 	1.25	% 
	 III
	  	 > 2.00 but

< 2.50:1.00
	  	2.50	% 	 	1.50	% 
	 IV
	  	 > 2.50 but

< 3.00:1.00
	  	2.75	% 	 	1.75	% 
	 V
	  	> 3.00:1.00	  	3.00	% 	 	2.00	% 

 APPLICABLE
PERCENTAGES FOR TERM B LOANS 
  

									
	 Pricing Level
	  	 Consolidated Total

Leverage Ratio
	  	Eurodollar Rate Loans	 	 	Base Rate Loans	 
	  I
	  	< 2.75:1.00	  	2.75	% 	 	1.75	% 
	 II
	  	> 2.75:1.00	  	3.00	% 	 	2.00	% 

 Applicable
Percentages for Revolving Loans, Swingline Loans, B/A Drawings, Letter of Credit Fees, Term A Loans and Term B Loans will be based on the Consolidated Total Leverage Ratio as set forth in the most recent Compliance Certificate received by the
Administrative Agent pursuant to Section 7.02(b). Any increase or decrease in such Applicable Percentage resulting from a change in the Consolidated Total Leverage Ratio shall become effective on the first Business Day immediately
following the date a Compliance Certificate is delivered pursuant to Section 7.02(b); provided, however, that if (i) a Compliance Certificate is not delivered when due in accordance therewith or (ii) an Event of
Default pursuant to Section 9.01(a), (f) or (h) has occurred and is continuing, then, (x) 
  

 -3- 

 
with respect to Revolving Loans, Swingline Loans, B/A Drawings, Letter of Credit Fees and Term A Loans, in the case of clause (i), pricing level V shall apply as of the first Business Day
after the date on which such Compliance Certificate was required to have been delivered until the first Business Day immediately following delivery thereof, and in the case of clause (ii) pricing level V shall apply as of the first
Business Day after the occurrence of such Event of Default until the first Business Day immediately following the cure or waiver of such Event of Default and (y) with respect to Term B Loans, in the case of clause (i), pricing level II
shall apply as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered until the first Business Day immediately following delivery thereof, and in the case of clause (ii) pricing
level II shall apply as of the first Business Day after the occurrence of such Event of Default until the first Business Day immediately following the cure or waiver of such Event of Default. The Applicable Percentage in effect from the Closing Date
through the date for delivery of the Compliance Certificate for the first full fiscal quarter ending after the Closing Date shall be determined based upon (x) pricing level V for Revolving Loans, Swingline Loans, B/A Drawings, Letter of Credit
Fees and Term A Loans and (y) pricing level II for Term B Loans. 
 Determinations by the Applicable Agent of the
appropriate pricing level shall be conclusive absent manifest error. 
 In the event that any financial statement or Compliance
Certificate delivered pursuant to Section 7.01 or 7.02 is shown to be inaccurate (regardless of whether this Credit Agreement or the Commitments are in effect or any Loans are outstanding when such inaccuracy is discovered), and
such inaccuracy, if corrected, would have led to the application of a higher Applicable Percentage for any period (an “Applicable Period”) than the Applicable Percentage applied for such Applicable Period, and only in such case,
then the Parent Borrower shall immediately (i) deliver to the Administrative Agent a corrected Compliance Certificate for such Applicable Period, (ii) determine the Applicable Percentage for such Applicable Period based upon the corrected
Compliance Certificate, and (iii) immediately pay to the Applicable Agent the accrued additional interest owing as a result of such increased Applicable Percentage for such Applicable Period, which payment shall be promptly applied by the
Applicable Agent in accordance with Section 2.11. The rights of the Applicable Agent and Lenders pursuant to this paragraph are in addition to rights of the Applicable Agent and Lenders with respect to Sections 2.08(b) and
9.02 and other of their respective rights under the Credit Documents. 
 “Applicable Period” has the
meaning assigned to such term in the definition of Applicable Percentage. 
 “Applicable Time” means, with
respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative Currency as may be determined by the Applicable Agent or the applicable L/C Issuer, as applicable, to be necessary for
timely settlement on the relevant date in accordance with normal banking procedures in the place of payment. 

“Approved Currency” means each of Dollars and each Alternative Currency. 

“Approved Fund” means any Fund that is administered, managed or underwritten by (a) a Lender, (b) an Affiliate
of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 
 “Assignment and
Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 11.06) and accepted by the Administrative Agent and, if
required by Section 11.06, the Parent Borrower, in substantially the form of Exhibit 11.06 or any other form approved by the Administrative Agent. 

“Attributable Principal Amount” means (a) in the case of capital leases, the amount of capital lease obligations
determined in accordance with GAAP, (b) in the case of Synthetic Leases, an amount determined by capitalization of the remaining lease payments thereunder as if it were a capital lease determined in accordance with GAAP, and (c) in the
case of Sale and Leaseback Transactions, the present value (discounted in accordance with GAAP at the debt rate implied in the applicable lease) of the obligations of the lessee for rental payments during the term of such lease). 

“Australian Dollars” or “AU$” means the lawful currency of Australia. 

 

 -4- 

 “Auto-Extension Letter of Credit” has the meaning provided in
Section 2.03(b)(iii). 
 “Azoff Promissory Note” means the promissory note, dated January 25,
2010, issued by the Parent Borrower (as successor to Ticketmaster) to the Azoff Family Trust of 1997, dated May 27, 2007. 

“B/A” means a bill of exchange, including a depository bill issued in accordance with the Depository Bills and Notes Act
(Canada), denominated in Canadian Dollars, drawn by a Canadian Borrower and accepted by a Multicurrency Revolving Lender in accordance with the terms of this Credit Agreement. 

“B/A Drawing” means B/As accepted and purchased on the same date and as to which a single Contract Period is in effect,
including any B/A Equivalent Loans accepted and purchased on the same date and as to which a single Contract Period is in effect. For greater certainty, all provisions of this Credit Agreement which are applicable to B/As are also applicable,
mutatis mutandis, to B/A Equivalent Loans. 
 “B/A Equivalent Loan” has the meaning set forth in
Section 2.15(k). 
 “B/A Fees” has the meaning provided in Section 2.09(c). 

“B/A Obligations” means all reimbursement obligations of the Canadian Borrowers in respect of B/As accepted hereunder.

 “Base Rate” means (i) in the case of Loans denominated in Dollars, for any day a
fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus
 1/2 of 1%, (b) the rate of interest in effect
for such day as publicly announced from time to time by JPMCB as its “prime rate” in effect at its principal office in New York City and (c) the applicable Eurodollar Rate for a one month Interest Period beginning on such day
plus 1% and (ii) in the case of Loans denominated in Canadian Dollars, the greater of (a) the rate of interest publicly announced from time to time by the Canadian Agent as its “prime” reference rate in effect on such day
at its principal office in Toronto for determining interest rates applicable to commercial loans denominated in Canadian Dollars in Canada (each change in such reference rate being effective from and including the date such change is publicly
announced as being effective) and (b) the interest rate per annum equal to the sum of (x) the CDOR Rate on such day (or, if such rate is not so reported on the Reuters Screen CDOR Page, the average of the rate quotes for bankers’
acceptances denominated in Canadian Dollars with a term of 30 days received by the Canadian Agent at approximately 10:00 a.m., Toronto time, on such day (or, if such day is not a Business Day, on the next preceding Business Day) from one or more
banks of recognized standing selected by it) and (y) 0.50% per annum; provided that for purposes of the Term B Loans only, if the Base Rate determined in accordance with the foregoing clause (i) would be less than
2.50% per annum, then the applicable Base Rate for such date shall be 2.50% per annum. The “prime rate” is a rate set by JPMCB or the Canadian Agent, as applicable based upon various factors including its costs and desired
return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate. Any change in such rate announced by JPMCB or the Canadian Agent shall take
effect at the opening of business on the day specified in the public announcement of such change. 
 “Base Rate
Loan” means a Loan that bears interest based on the Base Rate. 
 “BCV” means Broadway China Ventures,
LLC. 
 “Borrower Obligations” means, without duplication, (a) all advances to, and debts, liabilities,
obligations, covenants and duties of, any Borrower arising under any Credit Document or otherwise with respect to any Loan, B/A or Letter of Credit, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or
to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by or against any Borrower of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding,
regardless of whether such interest and fees are allowed claims in such proceeding, (b) all obligations under any Swap Contract between any Credit Party and any Lender or Affiliate of a Lender or any Person that was a Lender or Affiliate of a
Lender at the time it entered into such Swap Contract, to the extent such Swap Contract is otherwise permitted hereunder (each, in such capacity, a “Hedge Bank”) and (c) all obligations

  

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under any Treasury Management Agreement between any Credit Party and any Lender or Affiliate of a Lender or any Person that was a Lender or Affiliate of a Lender at the time it entered into such
Treasury Management Agreement (each, in such capacity, a “Treasury Management Bank”). 

“Borrowers” has the meaning provided in the recitals hereto. 

“Borrowing” means (a) a borrowing consisting of simultaneous Loans of the same Type and, in the case of Eurodollar
Rate Loans, having the same Interest Period, or (b) a borrowing of Swingline Loans, as appropriate. 
 “Business
Day” means any day (other than a day which is a Saturday, Sunday, or other day on which banks in New York are authorized or required by law to close); provided, however, that (a) when used in connection with a rate
determination, borrowing, or payment in respect of a Eurodollar Rate Loan, the term “Business Day” shall also exclude any day on which banks in London, England are not open for dealings in deposits of Dollars or foreign currencies, as
applicable, in the London Interbank Market, (b) when used in connection with a Loan denominated in Euros, the term “Business Day” shall also exclude any day on which the TARGET payment system is not open for the settlement of payments
in Euros, (c) when used in connection with a Loan denominated in Canadian Dollars or a B/A, the term “Business Day” shall also exclude any day on which banks are not open for dealings in deposits in Canadian Dollars in Toronto and
(d) when used in connection with a Loan denominated in any Alternative Currency other than Euros and Canadian Dollars, the term “Business Day” shall also exclude any day on which banks are not open for dealings in deposits in the
applicable currency in the principal financial center of the country of such currency. 
 “Canadian Agent”
means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as Canadian agent for the Lenders hereunder, or any successor Canadian agent. 

“Canadian Borrower” means the Parent Borrower or any Subsidiary that is incorporated or otherwise organized under the
laws of Canada or any political subdivision thereof that has been designated as a Foreign Borrower pursuant to Section 1.08 and, in each case that has not ceased to be a Foreign Borrower as provided in Section 1.08.

 “Canadian Dollars” and “C$” means the lawful currency of Canada. 

“Canadian Lending Office” means, as to any Limited Currency Revolving Lender, the applicable branch, office or Affiliate
of such Limited Currency Revolving Lender designated by such Limited Currency Revolving Lender to make Loans in Canadian Dollars and to accept and purchase or arrange for the purchase of B/As and as to any Multicurrency Revolving Lender, the
applicable branch, office or Affiliate of such Multicurrency Revolving Lender designated by such Multicurrency Revolving Lender to make Loans in Canadian Dollars and to accept and purchase or arrange for the purchase of B/As. 

“Capital Expenditures” means, as to any Person, expenditures with respect to property, plant and equipment during such
period which should be capitalized in accordance with GAAP (including the Attributable Principal Amount of capital leases). The following items will be excluded from the definition of Capital Expenditures: (a) expenditures to the extent funded
by insurance proceeds, condemnation awards or payments pursuant to a deed in lieu thereof, (b) expenditures to the extent made through barter transactions and (c) non-cash capital expenditures required to be booked as capital expenditures
in accordance with GAAP. 
 “Capital Stock” means (a) in the case of a corporation, capital stock,
(b) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, (c) in the case of a partnership, partnership interests (whether
general or limited), (d) in the case of a limited liability company, membership interests and (e) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of
assets of, the issuing Person (but excluding, in each case, any debt security that is convertible into, or exchangeable for, Capital Stock). 

“Cash Collateralize” has the meaning provided in Section 2.03(g). 

 

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 “Cash Equivalents” means (a) securities issued or directly and fully
guaranteed or insured by the United States or any agency or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than twelve (12) months from
the date of acquisition, (b) Dollar-denominated time deposits, money market deposits and certificates of deposit of (i) any Lender that accepts such deposits in the ordinary course of such Lender’s business, (ii) any domestic
commercial bank of recognized standing having capital and surplus in excess of $500.0 million or (iii) any bank whose short-term commercial paper rating from S&P is at least A-1 or from Moody’s is at least P-1, in each case with
maturities of not more than two hundred seventy (270) days from the date of acquisition, (c) commercial paper issued by any issuer bearing at least an “A-2” rating for any short-term rating provided by S&P and/or Moody’s
and maturing within two hundred seventy (270) days of the date of acquisition, (d) repurchase agreements entered into by the Parent Borrower with a bank or trust company (including any of the Lenders) or recognized securities dealer having
capital and surplus in excess of $500.0 million for direct obligations issued by or fully guaranteed by the United States and having, on the date of purchase thereof, a fair market value of at least one hundred percent (100%) of the amount of
the repurchase obligations, (e) Investments (classified in accordance with GAAP as current assets) in money market investment programs registered under the Investment Company Act of 1940, as amended, that are administered by reputable financial
institutions having capital and surplus of at least $500.0 million and the portfolios of which are limited to Investments of the character described in the foregoing subclauses hereof, (f) shares of mutual funds if no less than 95% of such
funds’ investments satisfy the provisions of clauses (a) through (e) above, and (g) in the case of any Foreign Subsidiary, short-term investments of comparable credit quality (or the best available in such Foreign
Subsidiary’s jurisdiction) and tenor to those referred to in clauses (a) through (f) above which are customarily used for cash management purposes in any country in which such Foreign Subsidiary operates. 

“CDOR Rate” means, on any date, an interest rate per annum equal to the average discount rate applicable to
bankers’ acceptances denominated in Canadian Dollars with a term of 30 days (for purposes of the definition of the term “Base Rate”) or with a term equal to the Contract Period of the relevant B/As (for purposes of the definition of
the term “Discount Rate”) appearing on the Reuters Screen CDOR Page (or on any successor or substitute page of such Screen, or any successor to or substitute for such Screen, providing rate quotations comparable to those currently provided
on such page of such Screen, as determined by the Canadian Agent from time to time) at approximately 10:00 a.m., Toronto time, on such date (or, if such date is not a Business Day, on the next preceding Business Day). 

“Change in Law” means the occurrence, after the Closing Date, of any of the following: (a) the adoption or taking
effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation or application thereof by any Governmental Authority or (c) the making or issuance of any
request, guideline or directive (whether or not having the force of law) by any Governmental Authority. 
 “Change of
Control” means an event or series of events by which: 
 (a) any “person” or “group”
(as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other
fiduciary or administrator of any such plan unless such plan is part of a group) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934), directly or indirectly, of forty percent
(40%) or more of the equity securities of the Parent Borrower entitled to vote for members of the board of directors or equivalent governing body of the Parent Borrower on a fully diluted basis; 

(b) there shall be consummated any share exchange, consolidation or merger of the Parent Borrower pursuant to which the
Parent Borrower’s Capital Stock entitled to vote in the election of the board of directors of the Parent Borrower generally would be converted into cash, securities or other property, or the Parent Borrower sells, assigns, conveys, transfers,
leases or otherwise disposes of all or substantially all of its assets, in each case other than pursuant to a share exchange, consolidation or merger of the Parent Borrower in which the holders of the Parent Borrower’s Capital Stock entitled to
vote in the election of the board of directors of the Parent Borrower generally immediately prior to the share exchange, consolidation or merger have, directly or indirectly, at least a majority of the total voting power in the aggregate of all
classes of Capital Stock of the continuing or surviving entity entitled to vote in the election of 
  

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the board of directors of such person generally immediately after the share exchange, consolidation or merger; or 

(c) a “change of control” or any comparable term under, and as defined in, any of the documentation relating to
the Convertible Notes, the Existing Senior Notes or the New Senior Notes shall have occurred. 
 “Closing Date”
means the date hereof. 
 “Collateral” means the collateral identified in, and at any time covered by, the
Collateral Documents. 
 “Collateral Agent” means JPMCB in its capacity as collateral agent or security
trustee, as applicable, for the Lenders under any of the Collateral Documents, or any successor collateral agent. 

“Collateral Documents” means the U.S. Security Agreement, the U.S. Pledge Agreement, the Foreign Collateral Documents
and any other documents executed and delivered in connection with the attachment and perfection of security interests granted to secure the Obligations. 

“Commitment Fees” has the meaning provided in Section 2.09(a). 

“Commitment Period” means the period from and including the Closing Date to the earlier of (a) (i) in the case
of Revolving Loans and Swingline Loans, the Revolving Termination Date or (ii) in the case of the Letters of Credit, the L/C Expiration Date, or (b) in the case of the Revolving Loans, Swingline Loans and the Letters of Credit, the date on
which the applicable Revolving Commitments shall have been terminated as provided herein. 
 “Commitments”
means the Revolving Commitments, the L/C Commitments, the Swingline Commitment, the Term A Loan Commitments and the Term B Loan Commitments. 

“Compliance Certificate” means a certificate substantially in the form of Exhibit 7.02(b). 

“Consolidated Capital Expenditures” means, for any period for the Consolidated Group, without duplication, all Capital
Expenditures. 
 “Consolidated EBITDA” means, for any period for the Consolidated Group, Consolidated Net
Income in such period plus, without duplication, (A) in each case solely to the extent decreasing Consolidated Net Income in such period: (a) consolidated interest expense (net of interest income), (b) provision for taxes, to
the extent based on income or profits, (c) amortization and depreciation, (d) the amount of all expenses incurred in connection with (x) the closing and initial funding of this Credit Agreement, the New Senior Notes or the
Transactions and (y) the Ticketmaster Merger in an amount under this clause (y) not to exceed $85.0 million in the aggregate, (e) the amount of all non-cash deferred compensation expense, (f) the amount of all expenses associated
with the early extinguishment of Indebtedness, (g) any losses from sales of Property, other than from sales in the ordinary course of business, (h) any non-cash impairment loss of goodwill or other intangibles required to be taken pursuant
to GAAP, (i) any non-cash expense recorded with respect to stock options or other equity-based compensation, (j) any extraordinary loss in accordance with GAAP, (k) any restructuring, non-recurring or other unusual item of loss or
expense (including write-offs and write-downs of assets), other than any write-off or write-down of inventory or accounts receivable; provided that the aggregate amount of any such losses or expenses in cash shall not exceed $35.0 million in
any four quarter period ending on or prior to June 30, 2011 and $10.0 million in any four quarter period ending thereafter, (l) any non-cash loss related to discontinued operations, (m) any other non-cash charges (other than
write-offs or write-downs of inventory or accounts receivable) and (n) fees and expenses incurred in connection with the making of acquisitions and other non-ordinary course Investments pursuant to Section 8.02, in an aggregate
amount not to exceed $30.0 million in any four quarter period; provided that, in the case of any non-cash charge referred to in this definition of Consolidated EBITDA that relates to accruals or reserves for a future cash disbursement, such
future cash disbursement shall be deducted from Consolidated EBITDA in the period when such cash is so disbursed minus (B) in each case solely to the extent increasing Consolidated Net Income in such period: (a) any extraordinary
gain in accordance with GAAP, (b) any nonrecurring item of gain or income (including write-ups of assets), other 

 

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than any write-up of inventory or accounts receivable, (c) any gains from sales of Property, other than from sales in the ordinary course of business, (d) any non-cash gain related to
discontinued operations, and (e) the aggregate amount of all other non-cash items increasing Consolidated Net Income during such period; provided that in the case of any non-cash item referred to in clause (B) of this
definition of Consolidated EBITDA that relates to a future cash payment to the Parent Borrower or a Subsidiary, such future cash payment shall be added to Consolidated EBITDA in the period when such payment is so received by the Parent Borrower or
such Subsidiary. 
 Subject to the following sentence, Consolidated EBITDA for the fiscal quarters ended September 30, 2009
and December 31, 2009 shall be deemed to be $234.5 million and $88.2 million, respectively. Without duplication of any pro forma adjustments reflected in the amounts set forth in the immediately preceding sentence, Consolidated EBITDA for any
period shall be calculated on a Pro Forma Basis pursuant to Section 1.03(b). 
 “Consolidated Excess Cash
Flow” means, for any period for the Consolidated Group, (a) net cash provided by operating activities for such period as reported on the audited GAAP cash flow statement delivered under Section 7.01(a) minus
(b) the sum of, in each case to the extent not otherwise reducing net cash provided by operating activities in such period, without duplication, (i) scheduled principal payments and payments of interest in each case made in cash on
Consolidated Total Funded Debt during such period (including for purposes hereof, sinking fund payments, payments in respect of the principal components under capital leases and the like relating thereto), in each case other than in connection with
a refinancing thereof, (ii) Consolidated Capital Expenditures made in cash during such period that are not financed with the proceeds of Indebtedness, an issuance of Capital Stock or from a reinvestment of Net Cash Proceeds referred to in
Section 2.06(b)(ii), (iii) optional prepayments of Funded Debt during such period (other than prepayments of Loans owing under this Credit Agreement (except prepayments of Revolving Loans, to the extent there is a simultaneous
reduction in the Aggregate Revolving Commitments in the amount of such prepayment pursuant to Section 2.07) and other than such optional prepayments made with the proceeds of other Indebtedness), (iv) to the extent not financed with
the incurrence or assumption of Indebtedness or proceeds from an issuance of Capital Stock, Subject Dispositions, Specified Dispositions or Involuntary Dispositions, cash sums expended for Investments pursuant to Sections 8.02(c) (to the
extent such advances are not repaid to Parent Borrower or a Subsidiary), (i), (j) or (k) (other than with respect to any amount expended on such Investments through the use of the Cumulative Credit) during such period,
(v) without duplication of amounts deducted from Consolidated Excess Cash Flow in prior periods, the aggregate consideration required to be paid in cash by the Parent Borrower or any Subsidiary pursuant to binding contracts (the
“Contract Consideration”) entered into prior to or during such period relating to Consolidated Capital Expenditures to be consummated or made during the three months following the end of such period, provided that to the
extent the aggregate amount of internally generated cash actually utilized to finance such Consolidated Capital Expenditures during such three months is less than the Contract Consideration, the amount of such shortfall shall be added to
Consolidated Excess Cash Flow for the period following such period and (vi) to the extent such amounts increased net cash provided by operating activities in such period, funds collected by the Parent Borrower or any of its Subsidiaries on
behalf of clients of the Parent Borrower or any of its Subsidiaries representing the face amount of tickets sold plus (c) to the extent such amounts decreased net cash provided by operating activities in such period, funds remitted by
the Parent Borrower or any of its Subsidiaries to clients of the Parent Borrower or any of its Subsidiaries representing the face amount of tickets sold. 

“Consolidated Group” means the Parent Borrower and its consolidated Subsidiaries, as determined in accordance with GAAP.

 “Consolidated Interest Coverage Ratio” means, as of the last day of each fiscal quarter, for the period of
four (4) consecutive fiscal quarters then ending, the ratio of (i) Consolidated EBITDA of the Consolidated Group to (ii) Consolidated Interest Expense of the Consolidated Group. 

“Consolidated Interest Expense” means, for any period, the sum of the total interest expense of the Consolidated Group
(calculated without regard to any limitations on the payment thereof) plus, without duplication, the interest component under capital leases determined on a consolidated basis minus to the extent (x) not exceeding $7.5 million in such
period and (y) not included in the Parent Borrower’s consolidated revenues in accordance with GAAP, interest income determined on a consolidated basis; provided that the amortization of deferred financing, legal and accounting costs
with respect to debt financings shall be excluded from Consolidated Interest Expense to the extent the same would otherwise have been included therein; provided further that subject to adjustment for

  

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events occurring after the Closing Date pursuant to Section 1.03(b), Consolidated Interest Expense for any period ending prior to the first anniversary of the Closing Date shall be
determined by multiplying (x) Consolidated Interest Expense from and including the Closing Date to and including the last day of such period by (y) a fraction, the numerator of which is 365 and the denominator of which is the number of
days in such period; provided further that the interest expense on Indebtedness of a Subsidiary of the Parent Borrower that is non-recourse to the Credit Parties and whose net income is excluded in the calculation of Consolidated Net
Income due to the operation of clause (ii) of the definition thereof shall be excluded. 
 Without duplication of any of
the adjustments reflected in the calculations set forth in the second proviso of the immediately preceding sentence, Consolidated Interest Expense shall be calculated on a Pro Forma Basis pursuant to Section 1.03(b). 

“Consolidated Net Income” means, for any period for the Consolidated Group, the net income (or loss), determined on a
consolidated basis (after any deduction for minority interests except in the case of any Credit Party) of the Consolidated Group in accordance with GAAP, provided that (i) in determining Consolidated Net Income, the net income of any
Unrestricted Subsidiary or any other Person which is not a Subsidiary of the Parent Borrower or is accounted for by the Parent Borrower by the equity method of accounting shall be included only to the extent of the payment of cash dividends or cash
distributions by such other Person to a member of the Consolidated Group during such period, (ii) the net income of any Subsidiary of the Parent Borrower (other than a Domestic Guarantor) that is not distributed to the Parent Borrower or a
Domestic Guarantor shall be excluded to the extent that the declaration or payment of cash dividends or similar cash distributions by that Subsidiary of that net income is not at the date of determination permitted by operation of its Organization
Documents or any agreement, instrument or law applicable to such Subsidiary and (iii) the cumulative effect of any change in accounting principles shall be excluded. Consolidated Net Income shall be calculated on a Pro Forma Basis pursuant to
Section 1.03(b). 
 “Consolidated Total Assets” means the total assets of the Parent Borrower and
its Subsidiaries on a consolidated basis determined in accordance with GAAP, as shown on the most recent balance sheet of the Parent Borrower required to have been delivered pursuant to Section 7.01(a) or (b) or, for the
period prior to the time any such statements are required to be so delivered pursuant to Section 7.01(a) or (b), as shown on the financial statements referred to in the first sentence of Section 6.05. 

“Consolidated Total Funded Debt” means, at any time, the principal amount of all Funded Debt of the Consolidated Group
at such time determined on a consolidated basis (it being understood and agreed that outstanding letters of credit shall not constitute Funded Debt unless such letters of credit have been drawn on by the beneficiary thereof and the resulting
obligations have not been paid by the Parent Borrower). 
 “Consolidated Total Leverage Ratio” means, as of the
last day of any fiscal quarter, the ratio of (i) Consolidated Total Funded Debt on such day to (ii) Consolidated EBITDA of the Consolidated Group for the period of four (4) consecutive fiscal quarters ending on such day. 

“Contract Consideration” has the meaning assigned to such term in the definition of Consolidated Excess Cash Flow.

 “Contractual Obligation” means, as to any Person, any provision of any security issued by such Person or of
any agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Contract Period” means, with respect to any B/A, the period commencing on the date such B/A is issued and accepted and
ending on the date 30, 60, 90 or 180 days thereafter, as the applicable Canadian Borrower may elect (in each case subject to availability), provided that if such Contract Period would end on a day other than a Business Day, such Contract
Period shall be extended to the next succeeding Business Day. 
 “Control” means the possession, directly or
indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto. 
  

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 “Credit Agreement” has the meaning provided in the recitals hereto, as the
same may be amended and modified from time to time. 
 “Credit Documents” means this Credit Agreement, the
Notes, the Collateral Documents, the Engagement Letter, the Administrative Agent Fee Letter, the Issuer Documents, the Joinder Agreements, any Foreign Borrower Agreements, any Foreign Borrower Terminations, any Revolving Lender Joinder Agreement,
any Guarantee and any Incremental Term Loan Joinder Agreement. 
 “Credit Extension” means each of the
following: (a) a Borrowing and (b) an L/C Credit Extension. 
 “Credit Parties” means the Parent
Borrower, any Foreign Subsidiary that becomes a Foreign Borrower under Section 1.08 and any Guarantor. 

“Credit Party Materials” has the meaning provided in Section 7.02. 

“Cumulative Credit” means, with respect to any proposed use of the Cumulative Credit at any time, an amount equal to
(a) the amount of the Consolidated Excess Cash Flow for each full fiscal quarter of the Parent Borrower completed after December 31, 2010, to the extent the financial statements required to be delivered for the period ending on the last
day of such fiscal quarter pursuant to Section 7.01(a) or (b) have been delivered and, to the extent the end of such fiscal quarter coincides with the end of a fiscal year of the Parent Borrower, all prepayments that may be
required pursuant to Section 2.06(b)(iv) with respect to the Consolidated Excess Cash Flow generated in such fiscal year have been made (provided that, to the extent the end of any fiscal quarter of the Parent Borrower does not
coincide with the end of a fiscal year of the Parent Borrower, 25% of the Consolidated Excess Cash Flow generated in such fiscal quarter shall not be counted toward calculating the amount referred to in this clause (a) until the
financial statements for the fiscal year in which fiscal quarter falls have been delivered pursuant to Section 7.01(a) and all prepayments that may be required pursuant to Section 2.06(b)(iv) with respect to the Consolidated
Excess Cash Flow generated in such fiscal year have been made), plus (b) without duplication of any amounts referred to in clause (c), the aggregate amount of Net Cash Proceeds of any issuance of Qualified Capital Stock of the
Parent Borrower (but not including any issuance or purchase referred to in Sections 8.02(c), 8.02(r) or 8.06(h)) after the Closing Date and at or prior to such time plus (c) to the extent not otherwise reflected in
Consolidated Excess Cash Flow, the amount of cash returns on any Investment made pursuant to Section 8.02(k) (other than any Investment subsequently deemed to be made pursuant to Section 8.02(e)) in a Person other than the
Parent Borrower or a Subsidiary (to the extent such Investment was made through the use of the Cumulative Credit) resulting from interest payments, dividends, repayments of loans or advances or profits from Dispositions of Property, in each case to
the extent actually received by a Domestic Credit Party at or prior to such time (provided that any such cash returns in respect of amounts described in clause (c) above shall only increase the Cumulative Credit for purposes of
determining the amount of the Cumulative Credit available for making Investments pursuant to Section 8.02(k)) plus (d) $50.0 million minus (e) the aggregate amount of Investments and Restricted Payments made since
the Closing Date pursuant to Sections 8.02(k) (excluding Investments subsequently deemed to have been made pursuant to Section 8.02(e)) and 8.06(f), respectively, through utilization of the Cumulative Credit (excluding such
proposed use of the Cumulative Credit, but including any other simultaneous proposed use of the Cumulative Credit) (provided that Investments of amounts described in clause (c) above shall only decrease the Cumulative Credit for purposes
of determining the amount of the Cumulative Credit available for making Investments pursuant to Section 8.02(k)) minus (f) the ECF Application Amount for each fiscal year of the Parent Borrower, to the extent the financial
statements for such fiscal year have been delivered pursuant to Section 7.01(a) less any voluntary prepayments of the Term Loans made during such fiscal year (other than such voluntary prepayments made with the proceeds of Indebtedness).

 “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in
effect and affecting the rights of creditors generally. 
 “Default” means any event, act or condition that
constitutes an Event of Default or that, with notice, the passage of time, or both, would constitute an Event of Default. 
  

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 “Default Rate” means an interest rate equal to (a) with respect to
Obligations other than (i) Eurodollar Rate Loans and (ii) Letter of Credit Fees, the Base Rate plus the Applicable Percentage, if any, applicable to such Loans plus two percent (2%) per annum; (b) with respect to
Eurodollar Rate Loans, the Adjusted Eurodollar Rate plus the Applicable Percentage, if any, applicable to such Loans plus two percent (2%) per annum; and (c) with respect to Letter of Credit Fees, a rate equal to the
Applicable Percentage plus two percent (2%) per annum. 
 “Defaulting Lender” means any Lender that
(a) has failed to fund any portion of its Loans or participations in Letters of Credit or Swingline Loans required to be funded by it hereunder within three (3) Business Days of the date required to be funded by it hereunder, (b) has
notified the Parent Borrower or the Applicable Agent that it does not intend to comply with any of its funding obligations under this Credit Agreement, (c) has failed, within three (3) Business Days after request by the Applicable Agent or
any applicable L/C Issuer, to confirm that it will comply with the terms of this Credit Agreement relating to its participation obligations in respect of all then outstanding Letters of Credit and Swingline Loans, (d) has otherwise failed to
pay over to the Applicable Agent, any applicable L/C Issuer or any other Lender any other amount required to be paid by it hereunder within three (3) Business Days of the date when due, unless the subject of a good faith dispute, (e) in
the case of a Lender with a Commitment, Swingline Exposure or L/C Obligations, is insolvent or has become the subject of a bankruptcy or insolvency proceeding or (f) has any Affiliate that has Control of such Lender that is insolvent or that
has become the subject of a bankruptcy or insolvency proceeding; provided that a Lender shall not qualify as a “Defaulting Lender” solely as the result of the acquisition or maintenance of an ownership interest in such Lender or any
Person controlling such Lender, or the exercise of control over such Lender or any Person controlling such Lender, by a governmental authority or an instrumentality thereof. 

“Designated Assets” means the assets listed on Schedule 8.05. 

“Designated Investments” means the Investments listed on Schedule 8.02(x). 

“Designated Revolving Obligations” means all obligations of the Borrowers with respect to (a) principal and
interest under the Revolving Loans and Swingline Loans, (b) amounts payable in respect of B/As at maturity thereof, (c) L/C Borrowings and interest thereon and (d) accrued and unpaid fees thereon. 

“Designated Sale and Leaseback Assets” means the assets listed in Schedule 1.01A. 

“Discount Proceeds” means, with respect to any B/A, an amount (rounded upward, if necessary, to the nearest C$.01)
calculated by multiplying (a) the face amount of such B/A by (b) the quotient obtained by dividing (i) one by (ii) the sum of (A) one and (B) the product of (x) the Discount Rate (expressed as a decimal) applicable
to such B/A and (y) a fraction of which the numerator is the Contract Period applicable to such B/A and the denominator is 365, with such quotient being rounded upward or downward to the fifth decimal place and .000005 being rounded upward.

 “Discount Rate” means, with respect to a B/A being accepted and purchased on any day, (a) for a Lender
which is a Schedule I Lender, (i) the CDOR Rate applicable to such B/A, or (ii) if the discount rate for a particular Contract Period is not quoted on the Reuters Screen CDOR Page, the arithmetic average (as determined by the Canadian
Agent) of the percentage discount rates (expressed as a decimal and rounded upward, if necessary, to the nearest 1/100 of 1%) quoted to the Canadian Agent by the Schedule I Reference Lenders as the percentage discount rate at which each such bank
would, in accordance with its normal practices, at approximately 10:00 a.m., Toronto time, on such day, be prepared to purchase bankers’ acceptances accepted by such bank having a face amount and term comparable to the face amount and Contract
Period of such B/A, and (b) for a Lender which is a Schedule II Lender or a Schedule III Lender, the lesser of (i) the CDOR Rate applicable to such B/A plus 0.10% per annum and (ii) the arithmetic average (as determined by the
Canadian Agent) of the percentage discount rates (expressed as a decimal and rounded upward, if necessary, to the nearest 1/100 of 1%) quoted to the Canadian Agent by the Schedule II Reference Lenders as the percentage discount rate at which each
such bank would, in accordance with its normal practices, at approximately 10:00 a.m., Toronto time, on such day, be prepared to purchase bankers’ acceptances accepted by such bank having a face amount and term comparable to the face amount and
Contract Period of such B/A. 
  

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 “Disposition” or “Dispose” means the sale, transfer,
license, lease or other disposition (including any Sale and Leaseback Transaction) of any Property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights
and claims associated therewith (but excluding the making of any Investment pursuant to Section 8.02). 

“Disqualified Capital Stock” means Capital Stock that (a) requires the payment of any dividends or distributions
(other than dividends or distributions payable solely in shares of Capital Stock other than Disqualified Capital Stock) prior to the date that is the first anniversary of the Final Maturity Date or (b) matures or is mandatorily redeemable or
subject to mandatory repurchase or redemption or repurchase at the option of the holders thereof, in whole or in part and whether upon the occurrence of any event, pursuant to a sinking fund obligation, on a fixed date or otherwise, in each case
prior to the date that is the first anniversary of the Final Maturity Date (other than upon payment in full of the Obligations (other than contingent indemnification obligations for which no claim has been made) and termination of the Commitments).

 “Dollar” or “$” means the lawful currency of the United States. 

“Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and
(b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Applicable Agent or the applicable L/C Issuer, as the case may be, at such time on the basis of the Spot Rate
(determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency. 

“Dollar Facility L/C Obligations” means, at any date of determination, the Dollar Facility Percentage multiplied by the
sum of (x) the aggregate Dollar Equivalent amount available to be drawn under all outstanding Letters of Credit at such date plus (y) the aggregate Dollar Equivalent amount of all L/C Borrowings at such date. For all purposes of
this Credit Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be
“outstanding” in the amount so remaining available to be drawn. 
 “Dollar Facility Percentage”
means, at any time, a fraction (expressed as a percentage carried to the ninth decimal place), the numerator of which is the Aggregate Dollar Revolving Committed Amount at such time and the denominator of which is the L/C Committed Amount at such
time. 
 “Dollar L/C Issuer” means JPMCB and Deutsche Bank AG, New York Branch, each in its capacity as issuer
of Letters of Credit hereunder and any issuer of an Existing Letter of Credit that is a Dollar Revolving Lender, together with their respective successors in such capacity and any Dollar Revolving Lender approved by the Administrative Agent and the
Parent Borrower; provided that no Lender shall be obligated to become an L/C Issuer hereunder. References herein and in the other Credit Documents to the Dollar L/C Issuer shall be deemed to refer to the Dollar L/C Issuer in respect of the
applicable Letter of Credit or to all Dollar L/C Issuers, as the context requires. 
 “Dollar Revolving
Commitment” means, for each Dollar Revolving Lender, the commitment of such Lender to make Dollar Revolving Loans (and to share in Dollar Revolving Obligations) hereunder. 

“Dollar Revolving Commitment Percentage” means, for each Dollar Revolving Lender, a fraction (expressed as a percentage
carried to the ninth decimal place), the numerator of which is such Dollar Revolving Lender’s Dollar Revolving Committed Amount and the denominator of which is the Aggregate Dollar Revolving Committed Amount. The initial Dollar Revolving
Commitment Percentages are set forth in Schedule 2.01. 
 “Dollar Revolving Committed Amount” means, for
each Dollar Revolving Lender, the amount of such Lender’s Dollar Revolving Commitment. The initial Dollar Revolving Committed Amounts are set forth in Schedule 2.01. 

“Dollar Revolving Facility” means the Aggregate Dollar Revolving Commitments and the provisions herein related to the
Dollar Revolving Loans, the Swingline Loans and the Letters of Credit. 
  

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 “Dollar Revolving Lenders” means those Lenders with Dollar Revolving
Commitments, together with their successors and permitted assigns. The initial Dollar Revolving Lenders are identified on the signature pages hereto and are set forth in Schedule 2.01. 

“Dollar Revolving Loan” has the meaning provided in Section 2.01(a)(i). 

“Dollar Revolving Notes” means the promissory notes, if any, given to evidence the Dollar Revolving Loans, as amended,
restated, modified, supplemented, extended, renewed or replaced. A form of Dollar Revolving Note is attached as Exhibit 2.13-1. 

“Dollar Revolving Obligations” means the Dollar Revolving Loans, the Dollar Facility L/C Obligations and the Swingline
Loans. 
 “Domestic Credit Party” means any Credit Party that is organized under the laws of any State of the
United States or the District of Columbia. 
 “Domestic Guaranteed Obligations” has the meaning provided in
Section 4.01(a). 
 “Domestic Guarantor” means any Guarantor that is a Domestic Subsidiary.

 “Domestic Obligations” means the Obligations of the Domestic Credit Parties. 

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

“ECF Application Amount” means, with respect to any fiscal year of the Parent Borrower, the product of the ECF
Percentage applicable to such fiscal year times the Consolidated Excess Cash Flow for such fiscal year. 
 “ECF
Percentage” means, with respect to any fiscal year of the Parent Borrower (x) ending on December 31, 2010, zero percent (0%) and (y) ending after December 31, 2010, if the Consolidated Total Leverage Ratio as of the last
day of such fiscal year is (i) greater than or equal to 3.50:1.00, fifty percent (50%), (ii) greater than or equal to 3.00:1.00 but less than 3.50:1.00, twenty five percent (25%) and (iii) less than 3.00:1.00, zero percent (0%).

 “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund;
and (d) any other Person (other than a natural person) approved by the party or parties whose approval is required under Section 11.06(b); provided that notwithstanding the foregoing, “Eligible Assignee” shall not
include the Parent Borrower or any of the Parent Borrower’s Affiliates or Subsidiaries. 
 “EMU
Legislation” means the legislative measures of the European Council for the introduction of, changeover to or operation of a single or unified European currency. 

“Engagement Letter” means the Engagement Letter dated as of April 21, 2010 among the Parent Borrower, JPMCB, the
Lead Arrangers and the other parties thereto. 
 “Environmental Laws” means any and all applicable federal,
state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, or governmental restrictions relating to pollution and the protection of the environment or the
release of any materials into the environment, including those related to hazardous substances or wastes, air emissions and discharges to waste or public systems. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of the Parent Borrower, any other Credit Party or any of their respective Subsidiaries resulting from or based upon (a) violation of any Environmental Law, (b) the generation,
use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or

  

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(e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

“ERISA Affiliate” means any trade or business (whether or not incorporated) under common control with the Parent
Borrower within the meaning of Section 414(b) or (c) of the Internal Revenue Code or, solely for purposes of Section 412 of the Internal Revenue Code, is treated as a single employer under Section 414 of the Internal Revenue
Code. 
 “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) with respect
to any Pension Plan, the failure to satisfy the minimum funding standard under Section 412 of the Internal Revenue Code and Section 302 of ERISA, whether or not waived, the failure to make by its due date a required installment under
Section 430(j) of the Internal Revenue Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (c) a withdrawal by the Parent Borrower or any ERISA Affiliate from a Pension Plan
subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA;
(d) a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) by the Parent Borrower or any ERISA Affiliate from a Multiemployer Plan resulting in withdrawal liability pursuant to Section 4201 of ERISA or
notification that a Multiemployer Plan is in reorganization pursuant to Section 4214 of ERISA; (e) the filing of a notice of intent to terminate, the treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or
the commencement of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (f) an event or condition that would reasonably be expected to constitute grounds under Section 4042 of ERISA for the termination of, or the
appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (g) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the
Parent Borrower or any ERISA Affiliate. 
 “Euro” and “€” mean the lawful currency of the
Participating Member States introduced in accordance with the EMU Legislation. 
 “Eurodollar Rate” means, for
any Interest Period, the rate per annum determined by the London Agent to be the arithmetic mean of the offered rates for deposits in the relevant Approved Currency with a term comparable to such Interest Period that appears on the Telerate British
Bankers Assoc. Interest Settlement Rates Page (as defined below) at approximately 11:00 a.m. (London time) on the second full Business Day preceding the first day of such Interest Period; provided, however, that (i) if no
comparable term for an Interest Period is available, the Eurodollar Rate shall be determined using the weighted average of the offered rates for the two terms most nearly corresponding to such Interest Period and (ii) if there shall at any time
no longer exist a Telerate British Bankers Assoc. Interest Settlement Rates Page, “Eurodollar Rate” shall mean, with respect to each day during each Interest Period pertaining to a Borrowing of Eurodollar Rate Loans comprising part of the
same Borrowing, the rate per annum equal to the rate at which the London Agent is offered deposits in the relevant Approved Currency at approximately 11:00 a.m. (London time) two Business Days prior to the first day of such Interest Period in the
London interbank market for delivery on the first day of such Interest Period for the number of days comprised therein and in an amount comparable to its portion of the amount of such Borrowing to be outstanding during such Interest Period.
“Telerate British Bankers Assoc. Interest Settlement Rates Page” shall mean the display designated as Reuters Screen LIBOR01 Page (or such other page as may replace such page on such service for the purpose of displaying the rates
at which the relevant Approved Currency deposits are offered by leading banks in the London interbank deposit market); provided, further, that for purposes of the Term B Loans only, the Eurodollar Rate for the applicable Interest
Period determined in accordance with the foregoing would be less than 1.50% per annum, then the Eurodollar Rate for such day shall be 1.50% per annum. 

“Eurodollar Rate Loan” means a Loan that bears interest at a rate based on the Adjusted Eurodollar Rate. 

“Event of Default” has the meaning provided in Section 9.01. 

 

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 “Excluded Acquisition” means any purchase or other acquisition, in one
transaction or a series of related transactions, of assets, properties and/or Capital Stock with an aggregate fair market value not exceeding $5,000,000 (or the Dollar Equivalent thereof). 

“Excluded Property” means (a) vehicles, (b) fee interests in real property, (c) leasehold real property,
(d) those assets as to which the Borrower and the Administrative Agent shall reasonably determine in writing that the costs of obtaining such security interest are excessive in relation to the value of the security to be afforded thereby,
(e) assets if the granting or perfecting of a security interest in such assets in favor of the Collateral Agent would violate any applicable Law, (f) any right, title or interest in any license, contract or agreement to the extent, but
only to the extent that a grant of a security interest therein to secure the Obligations would, under the terms of such license, contract or agreement, result in a breach of the terms of, or constitute a default under, or result in the abandonment,
invalidation or unenforceability of, such license, contract or agreement (other than to the extent that any such term would be rendered ineffective pursuant to Section 9-406, 9-407, 9-408 or 9-409 of the New York UCC or any other applicable law
(including, without limitation, Title 11 of the United States Code) or principles of equity), (g)(A) any Capital Stock listed on Schedule 1.01E and (B) any Capital Stock acquired after the Closing Date (other than Capital Stock in a
Subsidiary issued or acquired after such Person became a Subsidiary) in accordance with this Credit Agreement if, and to the extent that, and for so long as, in the case of this clause (B), (i) such Capital Stock constitutes less than 100% of
all applicable Capital Stock of such person, and the Person or Persons holding the remainder of such Capital Stock are not Affiliates of the Parent Borrower, (ii) doing so would violate applicable law or a contractual obligation binding on such
Capital Stock and (iii) with respect to such contractual obligations (other than contractual obligations in connection with a joint venture agreement), such obligation existed at the time of the acquisition of such Capital Stock and was not
created or made binding on such Capital Stock in contemplation of or in connection with the acquisition of such Subsidiary, (h) any Property purchased with the proceeds of purchase money Indebtedness or that is subject to a capital lease, in
each case, existing or incurred pursuant to Sections 8.03(b) or (c) if the contract or other agreement in which the Indebtedness and/or Liens related thereto is granted (or the documentation providing for such capital lease
obligation) prohibits or requires the consent of any Person other than a member of the Consolidated Group as a condition to the creation of any other security interest on such Property, (i) the HOBE Excluded Assets, (j) Permitted Deposits,
(k) inventory consisting of beer, wine or liquor, (l) any Capital Stock of Unrestricted Subsidiaries and (m) deposit and securities accounts of Foreign Subsidiaries subject Liens granted pursuant to Section 8.01(z).

 “Excluded Sale and Leaseback Transaction” means any Sale and Leaseback Transaction with respect to Property
owned by the Parent Borrower or any Subsidiary to the extent such Property is acquired after the Closing Date, so long as such Sale and Leaseback Transaction is consummated within 180 days of the acquisition of such Property. 

“Excluded Subsidiary” means (a) any Immaterial Subsidiary, (b) any Unrestricted Subsidiary, (c) each
Subsidiary of the Parent Borrower designated as such on Schedule 6.14 hereto, (d) each Foreign Subsidiary that is not a Wholly Owned Subsidiary, (e) each Subsidiary designated as an “Excluded Subsidiary” by a written
notice to the Administrative Agent; provided that such designation under this clause (e) shall constitute an Investment pursuant to Section 8.02 and (f) unless otherwise agreed by Parent Borrower and the Administrative
Agent, any Subsidiary of any of the foregoing Subsidiaries; provided further that a Foreign Borrower shall in no event be an Excluded Subsidiary. 

“Excluded Taxes” means, with respect to any Agent, any Lender, any L/C Issuer or any other recipient of any payment to
be made by or on account of any obligation of any Credit Party hereunder or under any other Credit Document, (a) Taxes imposed on or measured by its overall net income (however denominated) and franchise Taxes imposed on it (in lieu of net
income Taxes) by any jurisdiction (or any political subdivision thereof) as a result of such recipient being organized in or having its principal office or applicable Lending Office in such jurisdiction or as a result of any other present or former
connection with such jurisdiction (other than any such connections arising solely from such recipient having executed, delivered, or become a party to, performed its obligations or received payments under, received or perfected a security interest
under, engaged in any other transaction specifically contemplated by, or enforced, any Credit Documents), (b) any Taxes in the nature of branch profits tax within the meaning of Section 884(a) of the Internal Revenue Code imposed by any
jurisdiction described in clause (a), (c) in the case of a recipient other than an assignee pursuant to a request by the Parent Borrower under Section 11.13, any U.S. 

 

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federal withholding Tax that is imposed on amounts payable to such recipient pursuant to Laws in effect at the time such recipient becomes a party hereto (or designates a new Lending Office),
except to the extent that such recipient (or its assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment), to receive additional amounts from the Parent Borrower with respect to such withholding Tax pursuant
to Section 3.01(a), and (d) any withholding Tax that is attributable to a recipient’s failure to comply with Section 3.01(e). 

“Existing Convertible Notes” means the Parent Borrower’s 2.875% convertible senior notes due 2027 in an aggregate
principal amount of $220.0 million. 
 “Existing Convertible Notes Indenture” means the indenture, dated
July 16, 2007, governing the Existing Convertible Notes. 
 “Existing Credit Facilities” means the
Existing Live Nation Credit Facility and the Existing Ticketmaster Credit Facility. 
 “Existing Letters of
Credit” means the letters of credit listed on Schedule 1.01B. 
 “Existing Live Nation Credit
Facility” means the Amended and Restated Credit Agreement of Live Nation, Inc. dated as of July 17, 2008. 

“Existing Preferred Stock” means (i) the Series A redeemable preferred stock with an aggregate liquidation
preference of US$20,000,000 issued by Live Nation Holdco #2, Inc. and (ii) the Series B redeemable preferred stock issued by Live Nation Holdco #2, Inc. with an aggregate liquidation preference of US$20,000,000. 

“Existing Senior Notes” means $287.0 million aggregate outstanding principal amount of 10.75% Senior Notes due 2016 of
the Parent Borrower (as successor to Ticketmaster). 
 “Existing Ticketmaster Credit Facility” means the Credit
Agreement of Ticketmaster dated as of July 25, 2008. 
 “Federal Funds Rate” means, for any day, the rate
per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by the Federal Reserve Bank of New York on the
Business Day immediately succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next
succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100th of 1%) charged to
JPMCB on such day on such transactions as determined by the Administrative Agent. 
 “Final Maturity Date”
means, at any time, the latest of the Revolving Termination Date, the Term A Loan Termination Date, the Term B Loan Termination Date and any final maturity date applicable to any outstanding Incremental Term Loans at such time. 

“First-Tier Foreign Subsidiary” means any Foreign Subsidiary that is owned directly by a Domestic Credit Party.

 “Foreign Borrower Agreement” means a Foreign Borrower Agreement substantially in the form of Exhibit
1.01A hereto. 
 “Foreign Borrower Termination” means a Foreign Borrower Termination substantially in the
form of Exhibit 1.01B hereto. 
 “Foreign Borrowers” means each Subsidiary of the Parent Borrower that
becomes a Foreign Borrower pursuant to Section 1.08, in each case together with its successors and, in each case, that has not ceased to be a Foreign Borrower as provided in Section 1.08. 

 

 -17- 

 “Foreign Collateral Document” means each pledge, security or guarantee
agreement or trust deed among the Collateral Agent and one or more Foreign Credit Parties that is reasonably acceptable to the Collateral Agent. 

“Foreign Credit Party” means any Credit Party other than a Domestic Credit Party. 

“Foreign Guarantee Agreement” has the meaning specified in Section 5.03(c). 

“Foreign Guaranteed Obligations” has the meaning specified in Section 5.03(c). 

“Foreign Guarantor” means any Guarantor that is a Foreign Subsidiary. 

“Foreign Lender” means any Lender or L/C Issuer that is not a United States person under Section 7701(a)(30) of the
Internal Revenue Code. 
 “Foreign Obligations” means the Obligations of the Foreign Borrowers and the Foreign
Guarantors. 
 “Foreign Subsidiary” means (i) any Subsidiary that is not incorporated, formed or organized
under the laws of the United States of America, any State thereof, or the District of Columbia and (ii) any Subsidiary of a Subsidiary described in the foregoing clause (i). 

“FRB” means the Board of Governors of the Federal Reserve System of the United States. 

“Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or
otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business. 

“Funded Debt” means, as to any Person at a particular time, without duplication, all of the following, whether or not
included as indebtedness or liabilities in accordance with GAAP: 
 (a) all obligations for borrowed money,
whether current or long-term (including the Loan Obligations hereunder), and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 

(b) all purchase money indebtedness (including indebtedness and obligations in respect of conditional sales and title
retention arrangements, except for customary conditional sales and title retention arrangements with suppliers that are entered into in the ordinary course of business) and all indebtedness and obligations in respect of the deferred purchase price
of property or services (other than trade accounts payable incurred in the ordinary course of business); 
 (c)
all direct obligations under letters of credit (including standby and commercial), bankers’ acceptances and similar instruments; 

(d) the Attributable Principal Amount of capital leases; 

(e) the amount of all obligations of such person with respect to the redemption, repayment or other repurchase of any
Disqualified Capital Stock (excluding accrued dividends that have not increased the liquidation preference of such Disqualified Capital Stock); 

(f) Support Obligations in respect of Funded Debt of another Person; and 

(g) Funded Debt of any partnership or joint venture or other similar entity in which such Person is a general partner or
joint venturer, and has personal liability for such obligations, but only to the extent there is recourse to such Person for payment thereof; 
  

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 ; provided, however, that the indebtedness of a Subsidiary of the Parent
Borrower that is non-recourse to the Credit Parties and whose net income is excluded in the calculation of Consolidated Net Income due to the operation of clause (ii) of the definition thereof shall be excluded. 

For purposes hereof, the amount of Funded Debt shall be determined (i) based on the outstanding principal amount in the case of borrowed money
indebtedness under clause (a) and purchase money indebtedness and the deferred purchase obligations under clause (b), (ii) based on the maximum face amount in the case of letter of credit obligations and the other obligations
under clause (c), and (iii) based on the amount of Funded Debt that is the subject of the Support Obligations in the case of Support Obligations under clause (f). Unless otherwise specified, all references herein to the amount of
a Letter of Credit at any time shall be deemed to mean the maximum face amount of such Letter of Credit after giving effect to all increases thereof contemplated by such Letter of Credit or the L/C Application therefor, whether or not such maximum
face amount is in effect at such time. 
 “GAAP” has the meaning provided in Section 1.03(a).

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

“Granting Lender” has the meaning provided in Section 11.06(h). 

“Guaranteed Obligations” shall mean the Domestic Guaranteed Obligations and the Foreign Guaranteed Obligations.

 “Guarantors” means (a) as of the Closing Date, each Subsidiary of the Parent Borrower listed on
Schedule 1.01C and (b) each other Person that becomes a Guarantor pursuant to the terms hereof, in each case together with its successors. 

“Hazardous Materials” means all materials, substances or wastes characterized, classified or regulated as hazardous,
toxic, pollutant, contaminant or radioactive under Environmental Laws, including petroleum or petroleum distillates, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes. 

“Hedge Bank” has the meaning provided in the definition of “Borrower Obligations.” 

“HOBE Excluded Assets” means the assets listed on Schedule 1.01D hereto. 

“Holdco #2 Merger” means the merger of a wholly owned subsidiary of Live Nation Worldwide, Inc. with and into Live
Nation Holdco #2, Inc. 
 “Honor Date” has the meaning provided in Section 2.03(c)(i). 

“Immaterial Subsidiary” means, at any date of determination, any Subsidiary of the Parent Borrower designated as such in
writing by the Parent Borrower that had assets representing 1.0% or less of the Parent Borrower’s Consolidated Total Assets on, and generated less than 1.0% of the Parent Borrower’s and its Subsidiaries’ total revenues for the four
quarters ending on, the last day of the most recent period at the end of which financial statements were required to be delivered pursuant to Section 7.01(a) or (b) or, if such date of determination is prior to the first
delivery date under such Sections, on (or, in the case of revenues, for the four quarters ending on) the last day of the period of the most recent financial statements referred to in the first sentence of Section 6.05; provided
that if all Domestic Subsidiaries that are individually “Immaterial Subsidiaries” have aggregate Total Assets that would represent 5.0% or more of the Parent Borrower’s Consolidated Total Assets on such last day or generated 5.0% or
more of the Parent Borrower’s and its Subsidiaries’ total revenues for such four fiscal quarters, then such number of Domestic Subsidiaries of the Parent Borrower as are necessary shall become Material Subsidiaries so that Domestic

  

 -19- 

 
Subsidiaries that are “Immaterial Subsidiaries” have in the aggregate Total Assets that represent less than 5.0% of the Parent Borrower’s Consolidated Total Assets and less than
5.0% of the Parent Borrower’s and its Subsidiaries’ total revenues as of such last day or for such four quarters, as the case may be (it being understood that any such determination with respect to revenues and assets shall be made on a
Pro Forma Basis). 
 “Incremental Loan Facilities” has the meaning provided in Section 2.01(f).

 “Incremental Revolving Commitments” has the meaning provided in Section 2.01(f). 

“Incremental Term Loan” has the meaning provided in Section 2.01(f). 

“Incremental Term Loan Joinder Agreement” means a lender joinder agreement, in a form reasonably satisfactory to the
Administrative Agent, the Parent Borrower and each Lender extending Incremental Term Loans, executed and delivered in accordance with the provisions of Section 2.01(h). 

“Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not
included as indebtedness or liabilities in accordance with GAAP: 
 (a) all Funded Debt; 

(b) net obligations under Swap Contracts; 

(c) Support Obligations in respect of Indebtedness of another Person; and 

(d) Indebtedness of any partnership or joint venture or other similar entity in which such Person is a general partner or
joint venturer, and has personal liability for such obligations, but only to the extent there is recourse to such Person for payment thereof. 

For purposes hereof, the amount of Indebtedness shall be determined (i) based on Swap Termination Value in the case of net obligations under Swap
Contracts under clause (b) and (ii) based on the outstanding principal amount of the Indebtedness that is the subject of the Support Obligations in the case of Support Obligations under clause (c). 

“Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Indemnitee” has the meaning provided in Section 11.04(b). 

“Information” has the meaning provided in Section 11.07. 

“Interest Payment Date” means, (a) as to any Base Rate Loan (including Swingline Loans), the last Business Day of
each March, June, September and December, the Revolving Termination Date and the date of the final principal amortization payment on the Term A Loans or Term B Loans, as applicable, and, in the case of any Swingline Loan, any other dates as may be
mutually agreed upon by the Parent Borrower and the Swingline Lender, and (b) as to any Eurodollar Rate Loan, the last Business Day of each Interest Period for such Loan, the date of repayment of principal of such Loan, the Revolving
Termination Date and the date of the final principal amortization payment on the Term A Loans or Term B Loans, as applicable, and in addition, where the applicable Interest Period exceeds three (3) months, the date every three (3) months
after the beginning of such Interest Period. If an Interest Payment Date falls on a date that is not a Business Day, such Interest Payment Date shall be deemed to be the immediately succeeding Business Day. 

“Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the date such Eurodollar Rate Loan is
disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one week or one (1), two (2), three (3) or six (6) and, with prior written consent of all applicable Lenders, nine (9) or twelve (12) months
thereafter, as selected by the Parent Borrower in its Loan Notice or such other period that is twelve months or less requested by the Parent Borrower and consented to by all the directly affected Lenders; provided that: 

 

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 (a) any Interest Period that would otherwise end on a day that is not a
Business Day shall be extended to the immediately succeeding Business Day unless such Business Day falls in another calendar month (or, in the case of one week Interest Periods, another calendar week), in which case such Interest Period shall end on
the immediately preceding Business Day; 
 (b) any Interest Period that begins on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; 

(c) no Interest Period with respect to any Revolving Loan shall extend beyond the Revolving Termination Date; and

 (d) no Interest Period with respect to the Term A Loans or Term B Loans shall extend beyond any principal
amortization payment date for such Loans, except to the extent that the portion of such Loan comprised of Eurodollar Rate Loans that is expiring prior to the applicable principal amortization payment date plus the portion comprised of Base
Rate Loans equals or exceeds the principal amortization payment then due. 
 “Internal Revenue Code” means the
Internal Revenue Code of 1986, as amended from time to time. 
 “Investment” means, as to any Person, any
direct or indirect acquisition or investment by such Person of or in the Capital Stock, Indebtedness or other equity or debt interest of another Person, whether by means of (a) the purchase or other acquisition of Capital Stock of another
Person, (b) a loan, advance or capital contribution to, guaranty or assumption of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture
interest in such other Person and any arrangement pursuant to which the investor undertakes any Support Obligation with respect to Indebtedness of such other Person, or (c) the purchase or other acquisition (in one transaction or a series of
transactions) of assets of another Person that constitute a business unit. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value
of such Investment. 
 “Involuntary Disposition” means the receipt by any member of the Consolidated Group of
any cash insurance proceeds or condemnation awards payable by reason of theft, loss, physical destruction or damage, loss of use, taking or similar event with respect to any of its Property. 

“IP Rights” has the meaning provided in Section 6.20. 

“IRS” means the United States Internal Revenue Service. 

“ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the
Institute of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance of such Letter of Credit). 

“Issuer Documents” means, with respect to any Letter of Credit, the L/C Application and any other document, agreement or
instrument (including such Letter of Credit) entered into by a Borrower and an L/C Issuer (or in favor of an L/C Issuer) relating to such Letter of Credit. 

“Japanese Yen” or “¥” means the lawful currency of Japan. 

“Joinder Agreement” means a joinder agreement substantially in the form of Exhibit 7.12, executed and delivered
in accordance with the provisions of Section 7.12. 
 “JPMCB” means JPMorgan Chase Bank, N.A.

 “JPME” means J.P. Morgan Europe Limited. 

 

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 “JPMorgan” means J.P. Morgan Securities Inc. 

“Laws” means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines,
regulations, ordinances, codes, executive orders and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or
administration thereof, and all applicable administrative orders, directed duties, licenses, authorizations and permits of, and agreements with, any Governmental Authority, including, without limitation, Environmental Laws. 

“L/C Advance” means, with respect to each Lender, such Lender’s funding of its participation in any L/C Borrowing.

 “L/C Application” means an application and agreement for the issuance or amendment of a Letter of Credit in
the form from time to time in use by the applicable L/C Issuer. 
 “L/C Borrowing” means any extension of
credit resulting from a drawing under any Letter of Credit that has not been reimbursed. 
 “L/C Commitment”
means, with respect to the Dollar L/C Issuer or the Multicurrency L/C Issuer, the commitment of the Dollar L/C Issuer or the Multicurrency L/C Issuer to issue and to honor payment obligations under Letters of Credit and, with respect to each
Revolving Lender, the commitment of such Revolving Lender to purchase participation interests in L/C Obligations up to the Dollar Equivalent of such Lender’s Limited Currency Revolving Commitment Percentage thereof, in each case to the extent
provided in Section 2.03(c). 
 “L/C Commitment Percentage” means, as to each L/C Revolving Lender
at any time, a fraction (expressed as a percentage carried to the ninth decimal place), the numerator of which is the sum of such L/C Revolving Lender’s Limited Currency Revolving Committed Amount and such L/C Revolving Lender’s Dollar
Revolving Committed Amount at such time and the denominator of which is the L/C Committed Amount at such time. 
 “L/C
Committed Amount” means, at any time, the sum of the Aggregate Limited Currency Committed Amount plus the Aggregate Dollar Revolving Committed Amount at such time and as to any L/C Revolving Lender, its L/C Commitment Percentage of the L/C
Committed Amount; provided that for the avoidance of doubt, the L/C Sublimit shall govern the maximum amount of L/C Obligations that may be outstanding pursuant to Section 2.01(b) 

“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date
thereof, or the increase of the amount thereof. 
 “L/C Expiration Date” means the day that is seven
(7) days prior to the Revolving Termination Date then in effect (or, if such day is not a Business Day, the immediately preceding Business Day). 

“L/C Issuer” means a Dollar L/C Issuer or a Multicurrency L/C Issuer, and “L/C Issuers” means,
collectively, each Dollar L/C Issuer and Multicurrency L/C Issuer. 
 “L/C Obligation” means a Dollar Facility
L/C Obligation or a Limited Currency Facility L/C Obligation, as the context may require, and “L/C Obligations” means Dollar Facility L/C Obligations and Limited Currency Facility L/C Obligations, collectively. 

“L/C Revolving Lender” means a Dollar Revolving Lender or a Limited Currency Revolving Lender, and the “L/C
Revolving Lenders” refers to the Dollar Revolving Lenders and the Limited Currency Revolving Lenders, collectively. 

“L/C Sublimit” has the meaning provided in Section 2.01(b). 

“Lead Arrangers” means JPMorgan, Goldman Sachs Lending Partners LLC and Deutsche Bank Securities Inc. 

 

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 “Lender” means each of the Persons identified as a “Lender” on
the signature pages hereto (and, as appropriate, includes the Swingline Lender) and each Person who joins as a Lender pursuant to the terms hereof, together with its successors and permitted assigns. 

“Lending Office” means, as to any Lender, the office or offices of such Lender set forth in such Lender’s
Administrative Questionnaire or such other office or offices as a Lender may from time to time provide notice of to the Parent Borrower and the Administrative Agent. 

“Letter of Credit” means an Existing Letter of Credit or any letter of credit issued pursuant to this Credit Agreement.

 “Letter of Credit Cap” means the amount set forth opposite each L/C Issuer on Schedule 1.01F;
provided that such Schedule may be revised from time to time by the Parent Borrower, the Administrative Agent and such L/C Issuer to change such L/C Issuer’s Letter of Credit Cap or by the Parent Borrower, the Administrative Agent and
any new L/C Issuer to establish a Letter of Credit Cap for such new L/C Issuer. 
 “Letter of Credit Fee” has
the meaning provided in Section 2.09(b). 
 “Lien” means any mortgage, pledge, hypothecation,
assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention
agreement, any easement, right of way or other encumbrance on title to real property and any financing lease having substantially the same economic effect as any of the foregoing). 

“Limited Currency Facility L/C Obligations” means, at any date of determination, the Limited Currency Facility
Percentage multiplied by the sum of (x) the aggregate Dollar Equivalent amount available to be drawn under all outstanding Letters of Credit at such date plus (y) the aggregate Dollar Equivalent of all L/C Borrowings at such date.
For all purposes of this Credit Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be
deemed to be “outstanding” in the amount so remaining available to be drawn. 
 “Limited Currency Facility
Percentage” means, at any time, a fraction (expressed as a percentage carried to the ninth decimal place), the numerator of which is the Aggregate Limited Currency Revolving Committed Amount at such time and the denominator of which is the
L/C Committed Amount at such time. 
 “Limited Currency Revolving Commitment” means, for each Lender, the
commitment of such Lender to make Limited Currency Revolving Loans (and to share in Limited Currency Revolving Obligations) hereunder. 

“Limited Currency Revolving Commitment Percentage” means, for each Limited Currency Revolving Lender, a fraction
(expressed as a percentage carried to the ninth decimal place), the numerator of which is such Limited Currency Revolving Lender’s Limited Currency Revolving Committed Amount and the denominator of which is the Aggregate Limited Currency
Revolving Committed Amount. The initial Limited Currency Revolving Commitment Percentages are set forth in Schedule 2.01. 

“Limited Currency Revolving Committed Amount” means, for each Limited Currency Revolving Lender, the amount of such
Lender’s Limited Currency Revolving Commitment. The initial Limited Currency Revolving Committed Amounts are set forth in Schedule 2.01. 

“Limited Currency Revolving Facility” means the Aggregate Limited Currency Revolving Commitments and the provisions
herein related to the Limited Currency Revolving Loans and Letters of Credit. 
 “Limited Currency Revolving
Lenders” means those Lenders with Limited Currency Revolving Commitments, together with their successors and permitted assigns. The initial Limited Currency Revolving Lenders are identified in Schedule 2.01. 

 

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 “Limited Currency Revolving Loan” has the meaning provided in
Section 2.01(a)(ii). 
 “Limited Currency Revolving Notes” means the promissory notes, if any,
given to evidence the Limited Currency Revolving Loans, as amended, restated, modified, supplemented, extended, renewed or replaced. A form of Limited Currency Revolving Note is attached as Exhibit 2.13-2. 

“Limited Currency Revolving Obligations” means the Limited Currency Revolving Loans and the Limited Currency Facility
L/C Obligations. 
 “Live Nation Merger Agreement” means the Agreement and Plan of Merger, dated as of
February 10, 2009, among Ticketmaster, the Parent Borrower and Live Nation Merger Sub. 
 “Live Nation Merger
Sub” means an indirect wholly-owned Subsidiary of the Parent Borrower formed in connection with the Ticketmaster Merger. 

“Loan” means any Revolving Loan, Swingline Loan, Term A Loan, Term B Loan or Incremental Term Loan, and the Base Rate
Loans and Eurodollar Rate Loans comprising such Loans. 
 “Loan Notice” means a notice of (a) a Borrowing
of Loans (including Swingline Loans), (b) a conversion of Loans from one (1) Type to the other, or (c) a continuation of Eurodollar Rate Loans, which shall be substantially in the form of Exhibit 2.02. 

“Loan Obligations” means the Revolving Obligations, Term A Loans, Term B Loans and Incremental Term Loans. 

“Local Time” means (a) with respect to a Loan or Borrowing denominated in Dollars, New York City time,
(b) with respect to a Loan or Borrowing denominated in Canadian Dollars or a B/A, Toronto time and (c) with respect to a Loan or Borrowing denominated in any other Approved Currency, London time. 

“London Agent” means JPME, in its capacity as London agent for the Lenders hereunder, or any successor London agent.

 “Major Disposition” means any Subject Disposition (or any series of related Subject Dispositions) or any
Involuntary Disposition (or any series of related Involuntary Dispositions), in each case resulting in the receipt by one or more members of the Consolidated Group of Net Cash Proceeds in excess of $50.0 million. 

“Mandatory Cost Rate” has the meaning provided in Schedule 3.08. 

“Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect upon, the
operations, business, assets, properties, liabilities (actual or contingent) or financial condition of the Parent Borrower and its Subsidiaries, taken as a whole; (b) a material impairment of the rights and remedies of any Agent or any Lender
under any material Credit Document; or (c) a material adverse effect upon the legality, validity, binding effect or the enforceability against any Credit Party of any material Credit Document to which it is a party. 

“Material Subsidiary” means each Subsidiary of the Parent Borrower other than an Excluded Subsidiary. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 

“Multicurrency L/C Issuer” means JPMCB and Deutsche Bank AG, New York Branch, each in its capacity as issuer of Letters
of Credit hereunder, together with their respective successors in such capacity and any Limited Currency Revolving Lender approved by the Administrative Agent and the Parent Borrower and any issuer of any Existing Letter of Credit that is also a
Limited Currency Revolving Lender; provided that no other Lender shall be obligated to become an L/C Issuer hereunder. References herein and in the other Credit Documents to the Multicurrency L/C Issuer shall be deemed to refer to the
Multicurrency L/C Issuer in respect of the applicable Letter of Credit or to all Multicurrency L/C Issuers, as the context requires. For the avoidance of doubt, until such time as 

 

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each of Bank of America, N.A., the Administrative Agent and the Parent Borrower otherwise elect, Bank of America, N.A. shall serve as a Multicurrency L/C Issuer solely with respect to the
Existing Letters of Credit issued by it (and no amendments, extensions or increases thereof unless consented to by Bank of America, N.A.). 

“Multicurrency Revolving Commitment” means, for each Lender, the commitment of such Lender to make Multicurrency
Revolving Loans hereunder and to accept or arrange for the purchase of B/As pursuant to Section 2.15. 

“Multicurrency Revolving Commitment Percentage” means, for each Multicurrency Revolving Lender, a fraction (expressed as
a percentage carried to the ninth decimal place), the numerator of which is such Multicurrency Revolving Lender’s Multicurrency Revolving Committed Amount and the denominator of which is the Aggregate Multicurrency Revolving Committed Amount.
The initial Multicurrency Revolving Commitment Percentages are set forth in Schedule 2.01. 
 “Multicurrency
Revolving Committed Amount” means, for each Multicurrency Revolving Lender, the amount of such Lender’s Multicurrency Revolving Commitment. The initial Multicurrency Revolving Committed Amounts are set forth in Schedule 2.01.

 “Multicurrency Revolving Facility” means the Aggregate Multicurrency Revolving Commitments and the
provisions herein related to the Multicurrency Revolving Loans, Multicurrency Facility Letters of Credit and B/As. 

“Multicurrency Revolving Lenders” means those Lenders with Multicurrency Revolving Commitments, together with their
successors and permitted assigns. The initial Multicurrency Revolving Lenders are identified in Schedule 2.01. 

“Multicurrency Revolving Loan” has the meaning provided in Section 2.01(a)(iii). 

“Multicurrency Revolving Notes” means the promissory notes, if any, given to evidence the Multicurrency Revolving Loans,
as amended, restated, modified, supplemented, extended, renewed or replaced. A form of Multicurrency Revolving Note is attached as Exhibit 2.13-3. 

“Multicurrency Revolving Obligations” means the Multicurrency Revolving Loans and the B/A Obligations. 

“Multiemployer Plan” means any employee pension benefit plan of the type described in Section 4001(a)(3) of ERISA,
to which the Parent Borrower or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five (5) plan years, has made or been obligated to make contributions. 

“Net Cash Proceeds” means the aggregate proceeds paid in cash or Cash Equivalents received by any member of the
Consolidated Group in connection with any Subject Disposition, Involuntary Disposition or incurrence of Indebtedness or issuance of Capital Stock, net of (a) attorneys’ fees, accountants’ fees, investment banking fees, sales
commissions, underwriting discounts, survey costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes, required debt payments and required payments of other obligations relating to
the applicable asset to the extent such debt or obligations are secured by a Lien permitted hereunder (other than a Lien granted pursuant to a Credit Document) on such asset, other customary expenses and brokerage, consultant and other customary
fees and expenses, in each case, actually incurred in connection therewith and directly attributable thereto, (b) Taxes paid or payable as a result thereof (estimated reasonably and in good faith by the Parent Borrower and after taking into
account any available tax credits or deductions and any tax sharing arrangements) and (c) solely with respect to a Subject Disposition, the amount of any reasonable reserve established in accordance with GAAP against any adjustment to the sale
price or any liabilities (other than any taxes deducted pursuant to clause (b) above) (i) related to any of the Property Disposed of in such Subject Disposition and (ii) retained by the Parent Borrower or any of the Subsidiaries
including pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations (provided, however, the amount of any subsequent reduction of such reserve
(other than in connection with a payment in respect of any such liability) shall be deemed to be Net Cash Proceeds from and after the date of such reduction). For purposes 

 

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hereof, “Net Cash Proceeds” includes any cash or Cash Equivalents received upon the Disposition of any non-cash consideration received by any member of the Consolidated Group in any
Subject Disposition or Involuntary Disposition. 
 “New Senior Notes” means the Parent Borrower’s 8.125%
Senior Notes due 2018 in an aggregate principal amount of $250.0 million to be issued on or prior to the Closing Date. 

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

“Non-Bank Certificate” has the meaning provided in Section 3.01(e). 

“Non-Extension Notice Date” has the meaning provided in Section 2.03(b)(iii). 

“Notes” means the Revolving Notes, the Swingline Note, the Term A Notes and the Term B Notes. 

“Obligations” means the Borrower Obligations and the Guaranteed Obligations. 

“OID” has the meaning provided in Section 2.01(h). 

“Organization Documents” means (a) with respect to any corporation, the certificate or articles of incorporation
and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating agreement;
and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with
respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of
such entity. 
 “Other Taxes” means all present or future stamp or documentary Taxes or any other excise or
property Taxes arising from any payment made hereunder or under any other Credit Document or from the execution, delivery, registration or enforcement of, or otherwise with respect to, this Credit Agreement or any other Credit Document. 

“Outstanding Amount” means (a) with respect to Revolving Loans on any date, the Dollar Equivalent amount of the
aggregate outstanding principal amount thereof after giving effect to any Borrowings and prepayments or repayments of Revolving Loans occurring on such date; (b) with respect to Swingline Loans on any date, the aggregate outstanding principal
amount thereof after giving effect to any Borrowings and prepayments or repayments of Swingline Loans occurring on such date; (c) with respect to any B/A Obligations on any date, the Dollar Equivalent amount of the aggregate face amount of the
B/As accepted hereunder and outstanding at such time after giving effect to any B/A Drawings occurring as such date and any other changes in such amount on such date, including as a result of any reimbursements by a Canadian Borrower of any B/As;
(d) with respect to any L/C Obligations on any date, the Dollar Equivalent amount of the aggregate outstanding amount of such L/C Obligations on such date after giving effect to any L/C Credit Extension occurring on such date and any other
changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements by any Borrower of Unreimbursed Amounts; and (e) with respect to the Term A Loans or Term B Loans on any date, the
aggregate outstanding principal amount thereof after giving effect to any prepayments or repayments of the Term A Loans or Term B Loans on such date. 

“Overnight Rate” means, for any day, (a) with respect to any amount denominated in Dollars, the Federal Funds Rate,
and (b) with respect to any amount denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable Alternative Currency, in an amount approximately equal to the amount with respect to which
such rate is being determined, would be offered for such day by a branch or Affiliate of JPMCB in the applicable offshore interbank market for such currency to major banks in such interbank market. 

 

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 “Parent Borrower” has the meaning provided in the recitals hereto, together
with its successors and permitted assigns pursuant to Section 8.04. 
 “Participant” has the
meaning provided in Section 11.06(d). 
 “Participant Register” has the meaning provided in
Section 11.06(d). 
 “Participating Member State” means each state so described in any EMU
Legislation. 
 “Patriot Act” means the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law
October 26, 2001)). 
 “PBGC” means the Pension Benefit Guaranty Corporation. 

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section 3(2) of
ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Parent Borrower or any ERISA Affiliate or to which the Parent Borrower or any ERISA Affiliate contributes or has an obligation to
contribute, or in the case of a multiple employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five (5) plan years. 

“Perfection Certificate” means that certain perfection certificate dated the date hereof, executed and delivered by the
Parent Borrower in favor of the Collateral Agent for the benefit of the holders of the Obligations, as the same may be amended, amended and restated, supplemented or otherwise modified from time to time. 

“Permitted Acquisition” means any Acquisition; provided that (i) no Default or Event of Default shall have
occurred and be continuing or exist immediately after giving effect to such Acquisition, (ii) after giving effect on a Pro Forma Basis to the Investment to be made, as of the last day of the most recently ended fiscal quarter at the end of
which financial statements were required to have been delivered pursuant to Section 7.01(a) or (b) (or, prior to such first required delivery date for such financial statements, as of the last day of the most recent period
referred to in the first sentence of Section 6.05), the Parent Borrower would be in compliance with Section 8.10 (and if such Acquisition involves consideration greater than $50.0 million, then the Parent Borrower shall
deliver a certificate of a Responsible Officer of the Parent Borrower as to the satisfaction of the requirements in this clause (ii)) and (iii) if such Acquisition involves consideration in excess of $50.0 million (or if the total of all
consideration for all Acquisitions since the Closing Date exceeds $100.0 million), all assets acquired in such Acquisition shall be held by a Domestic Credit Party and all Persons acquired in such Acquisition shall become Domestic Guarantors;
provided further that the Parent Borrower may elect to allocate consideration expended in such Acquisition for Property to be held by members of the Consolidated Group that are not Domestic Credit Parties or Acquisitions of
Subsidiaries that are not Domestic Guarantors to Investments made pursuant to Sections 8.02(f), (k) or, to the extent the consideration comes from a Foreign Subsidiary, Section 8.02(g), so long as capacity to make such
Investments pursuant to the applicable Section is available at the time of such allocation (and any consideration so allocated shall reduce capacity for Investments pursuant to such Sections to the extent that capacity for such Investments are
limited by such Sections), and to the extent such consideration is in fact so allocated to one of such Sections in accordance with the foregoing requirements, such consideration shall not count toward the $50.0 million and $100.0 million limitations
set forth in this clause (iii). Notwithstanding any provision herein to the contrary, clauses (ii) and (iii) shall not apply to Excluded Acquisitions. 

“Permitted Business” means the businesses of the Parent Borrower and its Subsidiaries conducted on the Closing Date and
any business reasonably related, ancillary or complementary thereto and any reasonable extension thereof. 
 “Permitted
Deposits” means, with respect to the Parent Borrower or any of its Subsidiaries, cash or cash equivalents (and all accounts and other depositary arrangements with respect thereto) securing customary obligations of such Person that are
incurred in the ordinary course of business in connection with promoting or producing live entertainment events. 

“Permitted Liens” means Liens permitted pursuant to Section 8.01. 

 

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 “Person” means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
 “Plan”
means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) established by the Parent Borrower or, with respect to any such plan that is subject to Section 412 of the Internal Revenue Code or Title IV of
ERISA, any ERISA Affiliate. 
 “Platform” has the meaning provided in Section 7.02. 

“Prepayment Account” has the meaning provided in Section 2.06(c)(iii). 

“Pro Forma Basis” means, with respect to any Subject Disposition, Specified Disposition, Acquisition, Incremental Loan
Facilities, the Transactions or the Ticketmaster Merger, for purposes of determining the applicable pricing level under the definition of “Applicable Percentage” and determining compliance with the financial covenants and conditions and
the requirements of the definition of “Immaterial Subsidiary” hereunder, that such Subject Disposition, Specified Disposition, Acquisition, Incremental Loan Facilities, the Transactions or the Ticketmaster Merger shall be deemed to have
occurred as of the first day of the applicable period of four (4) consecutive fiscal quarters, after giving effect to any Pro Forma Cost Savings. Further, for purposes of making calculations on a “Pro Forma Basis” hereunder,
(a) in the case of any Subject Disposition or Specified Disposition, (i) income statement items (whether positive or negative) attributable to the property, entities or business units that are the subject of such Subject Disposition or
Specified Disposition shall be excluded to the extent relating to any period prior to the date thereof and (ii) Indebtedness paid or retired in connection with such Subject Disposition or Specified Disposition shall be deemed to have been paid
and retired as of the first day of the applicable period; and (b) in the case of any Acquisition, (i) income statement items (whether positive or negative) attributable to the property, entities or business units that are the subject
thereof shall be included to the extent relating to any period prior to the date thereof and (ii) Indebtedness incurred in connection with such Acquisition shall be deemed to have been incurred as of the first day of the applicable period (and
interest expense shall be imputed for the applicable period assuming prevailing interest rates hereunder). 
 “Pro Forma
Cost Savings” means, with respect to any period, the reduction in net costs and related adjustments, without duplication, that (i) were directly attributable to an Acquisition, Subject Disposition, Specified Disposition or the
Ticketmaster Merger that occurred during the four-quarter reference period or subsequent to the four-quarter reference period and on or prior to the date of determination and calculated on a basis that is consistent with Regulation S-X under the
Securities Laws, as amended and in effect and applied as of the date hereof, (ii) were actually implemented by the business that was the subject of any such Acquisition, Subject Disposition, Specified Disposition or the Ticketmaster Merger or
actually implemented by the Parent Borrower and its Subsidiaries in connection with such Acquisition, Subject Disposition, Specified Disposition or the Ticketmaster Merger, in each case, within 12 months after the date of the Acquisition, Subject
Disposition, Specified Disposition or the Ticketmaster Merger and prior to the date of determination that are supportable and quantifiable by the underlying accounting records of such business or (iii) relate to (A) the business that is
the subject of or (B) the business of the Parent Borrower and its Subsidiaries arising from any such Acquisition, Subject Disposition, Specified Disposition or the Ticketmaster Merger and that the Parent Borrower reasonably determines are
probable based upon specifically identifiable actions to be taken within 12 months of the date of the Acquisition, Subject Disposition, Specified Disposition or the Ticketmaster Merger and, in each case, are described, as provided below, in a
certificate from a Responsible Officer of the Parent Borrower, as if all such reductions in costs had been effected as of the beginning of such period. Pro Forma Cost Savings described above shall be accompanied by a certificate from a Responsible
Officer of the Parent Borrower delivered to the Administrative Agent that outlines the specific actions taken or to be taken, the net cost savings achieved or to be achieved from each such action and that, in the case of clause
(iii) above, such savings have been determined to be probable; provided that such net costs and related adjustments (other than those related to the Ticketmaster Merger) referred to in clauses (ii) and
(iii) shall not exceed $20.0 million in any period for which Consolidated EBITDA is calculated plus, in the case of any net costs and related adjustments in connection with the Ticketmaster Merger only, an additional $57.0
million. 
 “Pro Rata Share” means, with respect to each Lender at any time a fraction (expressed as a
percentage, carried out to the ninth decimal place), the numerator of which is the amount of outstanding Term A Loans, Term B 
  

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Loans, Dollar Revolving Commitments, Limited Currency Revolving Commitments or Multicurrency Revolving Commitments, as applicable, of such Lender at such time and the denominator of which is the
aggregate amount of Term A Loans, Term B Loans, Dollar Revolving Commitments, Limited Currency Revolving Commitments or Multicurrency Revolving Commitments, as applicable, at such time; provided that if such Revolving Commitments have
been terminated, then the Pro Rata Share of each applicable Lender shall be determined based on the Pro Rata Share of such Lender immediately prior to such termination and after giving effect to any subsequent assignments made pursuant to the terms
hereof. 
 “Property” means an interest of any kind in any property or asset, whether real, personal or mixed,
and whether tangible or intangible. 
 “Public Lender” has the meaning provided in Section 7.02.

 “Qualified Capital Stock” means any Capital Stock of the Parent Borrower other than Disqualified Capital
Stock. 
 “Register” has the meaning provided in Section 11.06(c). 

“Registered Public Accounting Firm” has the meaning provided in the Securities Laws and shall be independent of the
Parent Borrower as prescribed by the Securities Laws. 
 “Regulation D” means Regulation D of the Board of
Governors of the Federal Reserve System of the United States as from time to time in effect and all official rulings and interpretations thereunder or thereof. 

“Related Parties” means, with respect to any Person, such Person’s Affiliates and the partners, directors,
officers, employees, agents and advisors of such Person and of such Person’s Affiliates. 
 “Reportable
Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the thirty-day notice period to the PBGC has been waived by regulation. 

“Request for Credit Extension” means (a) with respect to a Borrowing of Loans (including Swingline Loans) or B/A
Drawing, a Loan Notice and (b) with respect to an L/C Credit Extension, a L/C Application. 
 “Required Dollar
Revolving Lenders” means, as of any date of determination, Lenders having more than fifty percent (50%) of the Aggregate Dollar Revolving Commitments or, if the Dollar Revolving Commitments shall have expired or been terminated,
Lenders holding more than fifty percent (50%) of the aggregate principal amount of Dollar Revolving Obligations (including, in each case, the aggregate principal amount of each Lender’s risk participation and funded participation in L/C
Obligations and Swingline Loans). 
 “Required Lenders” means, as of any date of determination, Lenders having
more than fifty percent (50%) of the sum of (i) the Term Loan Commitments (or, from and after the initial borrowings hereunder, the Term Loans) and (ii) the Aggregate Revolving Commitments (or, if the Revolving Commitments shall have
expired or been terminated, the Revolving Obligations (including, in each case, the aggregate amount of each Lender’s risk participation and funded participation in L/C Obligations and Swingline Loans)). 

“Required L/C Lenders” means, as of any date of determination, Lenders having more than fifty percent (50%) of the
sum of the Aggregate Dollar Revolving Commitments and the Aggregate Limited Currency Revolving Commitments at such date or, if the Dollar Revolving Commitments and the Limited Currency Revolving Commitments if the Revolving Commitments shall have
expired or been terminated, Lenders holding more than fifty percent (50%) of the aggregate principal amount of sum of the Dollar Revolving Obligations and Limited Currency Revolving Obligations (including, in each case, the aggregate principal
amount of each Lender’s risk participation and funded participation in L/C Obligations and Swingline Loans). 

“Required Limited Currency Revolving Lenders” means, as of any date of determination, Lenders having more than fifty
percent (50%) of the Aggregate Limited Currency Revolving Commitments or, if the Limited 
  

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Currency Revolving Commitments shall have expired or been terminated, Lenders holding more than fifty percent (50%) of the aggregate principal amount of Limited Currency Revolving Loans and
B/A Drawings. 
 “Required Multicurrency Revolving Lenders” means, as of any date of determination, Lenders
having more than fifty percent (50%) of the Aggregate Multicurrency Revolving Commitments or, if the Multicurrency Revolving Commitments shall have expired or been terminated, Lenders holding more than fifty percent (50%) of the aggregate
principal amount of Multicurrency Revolving Loans and B/A Drawings. 
 “Required Revolving Lenders” means, as
of any date of determination, Lenders having more than fifty percent (50%) of the Aggregate Revolving Commitments or, if the Revolving Commitments shall have expired or been terminated, Lenders holding more than fifty percent (50%) of the
aggregate principal amount of Revolving Obligations (including, in each case, the aggregate principal amount of each Lender’s risk participation and funded participation in L/C Obligations and Swingline Loans). 

“Required Term A Lenders” means, as of any date of determination, Lenders holding more than fifty percent (50%) of
the aggregate principal amount of Term A Loan Commitments (or, from and after the initial borrowings hereunder, the Term A Loans). 

“Required Term B Lenders” means, as of any date of determination, Lenders holding more than fifty percent (50%) of
the aggregate principal amount of Term B Loan Commitments (or, from and after the initial borrowings hereunder, the Term B Loans). 

“Responsible Officer” means, as to any Credit Party, the chief executive officer, chief operating officer, the
president, any executive vice president, the chief financial officer, the chief accounting officer, the treasurer, any assistant treasurer, any vice president, any senior vice president, the secretary or the general counsel of such Credit Party, any
manager of such Credit Party (if such Credit Party is a limited liability company) or the general partner of such Credit Party (if such Credit Party is a limited partnership). Any document delivered hereunder that is signed by a Responsible Officer
of a Credit Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Credit Party, and such Responsible Officer shall be conclusively presumed to have acted on
behalf of such Credit Party. 
 “Restricted Payment” means (i) any dividend or other distribution (whether
in cash, securities or other property) with respect to any Capital Stock of any member of the Consolidated Group, (ii) any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the
purchase, redemption, retirement, acquisition, cancellation or termination of any such Capital Stock or of any option, warrant or other right to acquire any such Capital Stock or (iii) any payment or prepayment of principal on or redemption,
repurchase or acquisition for value of, any Subordinated Debt of any member of the Consolidated Group or any Indebtedness of any member of the Consolidated Group incurred pursuant to (a) the Azoff Promissory Note, (b) the Senior Notes or
the Convertible Notes, (c) Section 8.03(f) or (d) to the extent representing a refinancing of any Indebtedness described in the foregoing clause (b) or (c), Section 8.03(l) except, in each case, any scheduled
payment of principal; provided that to the extent that any holder of Existing Convertible Notes shall require on July 15, 2014, July 15, 2017 or July 15, 2022 that the Parent Borrower repurchase any of such holder’s
Existing Convertible Notes pursuant to the Existing Convertible Notes Indenture at 100% of principal thereof plus accrued interest (a “Required Convertible Repurchase”), such Required Convertible Repurchase shall not be deemed a
Restricted Payment. 
 “Revaluation Date” means, with respect to (x) any Letter of Credit, each of the
following: (i) each date of issuance of a Letter of Credit denominated in an Alternative Currency, (ii) each date of an amendment of any such Letter of Credit having the effect of increasing the amount thereof (solely with respect to the
increased amount), (iii) each date of any payment by an L/C Issuer under any Letter of Credit denominated in an Alternative Currency and (iv) such additional dates as the Applicable Agent or the L/C Issuer shall determine or the Required
Lenders shall require (y) any B/A Drawing, each of the following: (i) each date of a B/A Drawing, (ii) each date of an amendment of any such B/A having the effect of increasing the amount thereof (solely with respect to the increased
amount), (iii) each date of any payment by a Canadian Borrower under any B/A, and (iv) such additional dates as the Applicable Agent or the Required Multicurrency Revolving Lenders shall require and (z) any Revolving Loan, each of the
following: (i) each date of Borrowing of a Revolving Loan denominated in an Alternative Currency, (ii) 
  

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each date of any payment by any Revolving Lender under any Revolving Loan denominated in an Alternative Currency and (iii) such additional dates as the Applicable Agent or the Required
Revolving Lenders shall require. 
 “Revolving CAM Exchange” means the exchange of the Revolving Lenders’
interests in the Designated Revolving Obligations provided for in Section 2.14. 
 “Revolving CAM Exchange
Date” means the first date after the Closing Date on which there shall occur (a) any event described in Section 9.01(f) or (h) with respect to the Parent Borrower or (b) an acceleration of Revolving Loans
or termination of the Revolving Commitments pursuant to Section 9.02. 
 “Revolving CAM Percentage”
means, as to each Revolving Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the Revolving Commitments of such Revolving Lender immediately prior to the Revolving CAM Exchange Date and any termination of Revolving
Commitments and (b) the denominator shall be the Aggregate Revolving Commitments of all Revolving Lenders immediately prior to the Revolving CAM Exchange Date and any termination of Revolving Commitments. 

“Revolving Commitment” means, as to each Lender, the sum of such Lender’s Dollar Revolving Commitment, Limited
Currency Revolving Commitment and Multicurrency Revolving Commitment and “Revolving Commitments” means, collectively, the Dollar Revolving Commitments, Limited Currency Revolving Commitments and Multicurrency Revolving Commitments
of all Revolving Lenders. 
 “Revolving Committed Amount” means, as to each Lender, the sum of such
Lender’s Dollar Revolving Committed Amount, Limited Currency Revolving Committed Amount and Multicurrency Revolving Committed Amount. 

“Revolving Facility” means the Dollar Revolving Facility, the Limited Currency Revolving Facility or the Multicurrency
Revolving Facility and “Revolving Facilities” means, collectively, the Dollar Revolving Facility, the Limited Currency Revolving Facility and the Multicurrency Revolving Facility. 

“Revolving Lender” means a Dollar Revolving Lender, a Limited Currency Revolving Lender or a Multicurrency Revolving
Lender and “Revolving Lenders” means the collective reference to the Dollar Revolving Lenders, the Limited Currency Revolving Lenders and the Multicurrency Revolving Lenders. 

“Revolving Lender Joinder Agreement” means a joinder agreement, in a form to be agreed among the Administrative Agent,
the Parent Borrower and each Lender with an Incremental Revolving Commitment, executed and delivered in accordance with the provisions of Section 2.01(f). 

“Revolving Loan” means a Dollar Revolving Loan, a Limited Currency Revolving Loan or a Multicurrency Revolving Loan and
“Revolving Loans” means, collectively, Dollar Revolving Loans, Limited Currency Revolving Loans and Multicurrency Revolving Loans. 

“Revolving Notes” means the collective reference to the Dollar Revolving Notes, the Limited Currency Revolving Notes and
the Multicurrency Revolving Notes. 
 “Revolving Obligations” means the collective reference to the Dollar
Revolving Obligations, the Limited Currency Revolving Obligations and the Multicurrency Revolving Obligations. 

“Revolving Termination Date” means the fifth anniversary of the Closing Date. 

“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and any
successor thereto. 
 “Sale and Leaseback Transaction” means, with respect to the Parent Borrower or any
Subsidiary, any arrangement, directly or indirectly, with any Person (other than a Domestic Credit Party) whereby the Parent Borrower or such Subsidiary shall sell or transfer any property, real or personal, used or useful in its business, whether
now 
  

 -31- 

 
owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the property being sold or
transferred. 
 “Same Day Funds” means (a) with respect to disbursements and payments in Dollars,
immediately available funds, and (b) with respect to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Applicable Agent or the applicable L/C Issuer, as applicable, to be customary in the
place of disbursement or payment for the settlement of international banking transactions in the relevant Alternative Currency. 

“Sarbanes-Oxley” means the Sarbanes-Oxley Act of 2002. 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 
 “Securities Laws” means the Securities Act of 1933, the Securities Exchange Act of 1934,
Sarbanes-Oxley and the applicable accounting and auditing principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the Public Company Accounting Oversight Board, as each of the foregoing may be amended and in
effect on any applicable date hereunder. 
 “Senior Indebtedness” means Indebtedness of the Parent Borrower or
any of its Subsidiaries that is not expressly subordinated in right of payment to any other Indebtedness of Parent Borrower or any of its Subsidiaries. 

“Senior Notes” means the Existing Senior Notes and the New Senior Notes, collectively. 

“Senior Secured Debt” means, at any time, Consolidated Total Funded Debt that constitutes Senior Indebtedness secured by
a Lien on any Collateral. 
 “Senior Secured Leverage Ratio” means, as of the last day of any fiscal quarter,
the ratio of (i) Senior Secured Debt on such day to (ii) Consolidated EBITDA of the Consolidated Group for the period of four (4) consecutive fiscal quarters ending on such day. 

“Significant Subsidiary” means (1) any Subsidiary that satisfies the criteria for a “significant
subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X under the Securities Laws, as such Regulation is in effect on the Closing Date (with the references to 10% in such Rule being deemed to be 5.0% for the purposes of this
definition), and (2) any Subsidiary that, when aggregated with all other Subsidiaries that are not otherwise Significant Subsidiaries and as to which any event described in Section 9.01(f) or (h) has occurred and is
continuing, would constitute a Significant Subsidiary under clause (1) of this definition. 
 “Solvent”
means, with respect to any Person, as of any date of determination, (a) the Fair Value and Present Fair Saleable Value of the aggregate assets of such Person exceeds the value of its Liabilities; (b) such Person will not have, as of such
date, an unreasonably small amount of capital with which to conduct its business; (c) such Person will be able to pay its Liabilities as they mature or become absolute; and (d) the Fair Value and Present Fair Saleable Value of the
aggregate assets of such Person exceeds the value of its Liabilities by an amount that is not less than the capital of such Subject Entity (as determined pursuant to Section 154 of the Delaware General Corporate Law). The term
“Solvency” shall have an equivalent meaning. For the purposes of this definition, “Fair Value” means the aggregate amount at which the assets of the applicable entity (including goodwill) would change hands between a
willing buyer and a willing seller, within a commercially reasonable amount of time, each having reasonable knowledge of the relevant facts, neither being under any compulsion to act and with equity to both; “Present Fair Saleable
Value” means the aggregate amount of net consideration (giving effect to reasonable and customary costs of sale or taxes) that could be expected to be realized if the aggregate assets of the applicable entity are sold with reasonable
promptness in an arm’s length transaction under present conditions for the sale of assets of comparable business enterprises; and “Liabilities” means all debts and other liabilities of the applicable entity, whether secured,
unsecured, fixed, contingent, accrued or not yet accrued. 
 “SPC” has the meaning provided in
Section 11.06(h). 
  

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 “Specified Disposition” means any Disposition referred to in clause
(a) of the definition of Subject Disposition, to the extent a material amount of Property is disposed of in such Disposition. 

“Specified Intercompany Transfers” means a Disposition of Property by a Domestic Credit Party to a member of the
Consolidated Group that is not a Domestic Credit Party. 
 “Spot Rate” for a currency means the rate determined
by the Applicable Agent or an L/C Issuer, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange
trading office at approximately 11:00 a.m. (x) New York time, in the case of Canadian Dollars, or (y) London time, in the case of any other currency, in each case on the date two (2) Business Days prior to the date as of which
the foreign exchange computation is made; provided that the Applicable Agent or such L/C Issuer may obtain such spot rate from another financial institution designated by the Applicable Agent or such L/C Issuer if the Person acting in such
capacity does not have as of the date of determination a spot buying rate for any such currency; and provided further that such L/C Issuer may use such spot rate quoted on the date as of which the foreign exchange computation is made
in the case of any Letter of Credit denominated in an Alternative Currency. 
 “Statutory Reserves” means
(a) for any Interest Period for any Eurodollar Rate Loan in dollars, the average maximum rate at which reserves (including any marginal, supplemental or emergency reserves) are required to be maintained during such Interest Period under
Regulation D by member banks of the United States Federal Reserve System in New York City with deposits exceeding one billion dollars against “Eurocurrency liabilities” (as such term is used in Regulation D), (b) for any Interest
Period for any portion of a Borrowing in Swiss Francs, the average maximum rate at which reserves (including any marginal, supplemental or emergency reserves), if any, are in effect on such day for funding in Swiss Francs maintained by commercial
banks which lend in Swiss Francs, (c) for any Interest Period for any portion of a Borrowing in Sterling, the average maximum rate at which reserves (including any marginal, supplemental or emergency reserves), if any, are in effect on such day
for funding in Sterling maintained by commercial banks which lend in Sterling, (d) for any Interest Period for any portion of a Borrowing in Euros, the average maximum rate at which reserves (including any marginal, supplemental or emergency
reserves), if any, are in effect on such day for funding in Euros maintained by commercial banks which lend in Euros, (e) for any Interest Period for any portion of a Borrowing in Swedish Krona, the average maximum rate at which reserves
(including any marginal, supplemental or emergency reserves), if any, are in effect on such day for funding in Swedish Krona maintained by commercial banks which lend in Swedish Krona, (f) for any Interest Period for any portion of a Borrowing
in Australian Dollars, the average maximum rate at which reserves (including any marginal, supplemental or emergency reserves), if any, are in effect on such day for funding in Australian Dollars maintained by commercial banks which lend in
Australian Dollars and (g) for any Interest Period for any portion of a Borrowing in Japanese Yen, the average maximum rate at which reserves (including any marginal, supplemental or emergency reserves), if any, are in effect on such day for
funding in Japanese Yen maintained by commercial banks which lend in Japanese Yen. Eurodollar Loans shall be deemed to constitute Eurodollar liabilities and to be subject to such reserve requirements without benefit of or credit for proration,
exceptions or offsets which may be available from time to time to any Lender under Regulation D. 
 “Sterling”
and “£” mean the lawful currency of the United Kingdom. 
 “Subject Disposition” means
any Disposition other than (a) Dispositions of damaged, worn-out or obsolete Property that, in the Parent Borrower’s reasonable judgment, is no longer used or useful in the business of the Parent Borrower or its Subsidiaries;
(b) Dispositions of inventory, services or other property in the ordinary course of business; (c) Dispositions of Property to the extent that (i) such Property is exchanged for credit against the purchase price of similar replacement
Property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement equipment or property; (d) licenses, sublicenses, leases and subleases not interfering in any material respect with
the business of any member of the Consolidated Group; (e) sales or discounts of accounts receivable in connection with the compromise or collection thereof in the ordinary course of business; (f) any Disposition at any time by (i) a
Domestic Credit Party to any other Domestic Credit Party, (ii) a Subsidiary that is not a Credit Party to a Domestic Credit Party, (iii) a Subsidiary that is not a Credit Party to another Subsidiary that is not a Credit Party, (iv) a
Foreign Credit Party to any other Foreign Credit Party or (v) a Foreign Credit Party to any Foreign Subsidiary that is not a Foreign Credit Party (provided that the fair market value of Property

  

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Disposed of pursuant to this clause (v) shall not exceed $50.0 million in the aggregate in any fiscal year of the Parent Borrower); (g) Specified Intercompany Transfers; (h) the
sale of Cash Equivalents; (i) an Excluded Sale and Leaseback Transaction; (j) Restricted Payments permitted by Section 8.06; (k) mergers and consolidations permitted by Section 8.04; (l) the granting of
Liens permitted pursuant to Section 8.01, (m) a Disposition of Property to the extent effected in connection with and related to the making of a Designated Investment (provided that such Disposition is made at fair market value) and
(n) Dispositions, in one transaction or a series of related transactions, of assets or other properties of the Parent Borrower or its Subsidiaries with a fair market value not exceeding $1,000,000 and made in the ordinary course of business.

 “Subordinated Debt” means (x) as to the Parent Borrower, any Funded Debt of the Parent Borrower that is
expressly subordinated in right of payment to the prior payment of any of the Loan Obligations of the Parent Borrower and (y) as to any Guarantor, any Funded Debt of such Guarantor that is expressly subordinated in right of payment to the prior
payment of any of the Loan Obligations of such Guarantor. 
 “Subsidiary” of a Person means (A) a
corporation, partnership, joint venture, limited liability company or other business entity of which a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body (other
than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or
both, by such Person or (B) any other Person that is a consolidated subsidiary of such Person under GAAP and designated as a Subsidiary of such Person in a certificate to the Administrative Agent by a financial or accounting officer of such
Person. Unless otherwise provided, “Subsidiary” shall refer to a Subsidiary of the Parent Borrower; provided that an Unrestricted Subsidiary shall be deemed not to be a Subsidiary for purposes of this Credit Agreement and each other
Credit Document. 
 “Subsidiary Redesignation” has the meaning provided in the definition of “Unrestricted
Subsidiary.” 
 “Support Obligations” means, as to any Person, (a) any obligation, contingent or
otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness payable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of
such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in
respect of such Indebtedness of the payment or performance of such Indebtedness, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so
as to enable the primary obligor to pay such Indebtedness, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness of the payment thereof or to protect such obligee against loss in
respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person (or any right,
contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien). The amount of any Support Obligations shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion
thereof, in respect of which such Support Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. 

“Swap Contract” means any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate
transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions,
interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar
transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement. 

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of
any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination values determined in accordance therewith, such

  

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termination values, and (b) for any date prior to the date referenced in clause (a), the amounts determined as the mark-to-market values for such Swap Contracts, as determined based
upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender). 

“Swedish Krona” or “kr” means the lawful currency of Sweden. 

“Swingline Borrowing” means a borrowing of a Swingline Loan pursuant to Section 2.01(c). 

“Swingline Commitment” means, with respect to the Swingline Lender, the commitment of the Swingline Lender to make
Swingline Loans, and with respect to each Lender, the commitment of such Lender to purchase participation interests in Swingline Loans. 

“Swingline Exposure” means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time.
The Swingline Exposure of any Dollar Revolving Lender at any time shall be its Dollar Revolving Commitment Percentage of the total Swingline Exposure at such time. 

“Swingline Lender” means JPMCB in its capacity as such, together with any successor in such capacity. 

“Swingline Loan” has the meaning provided in Section 2.01(c). 

“Swingline Note” means the promissory note given to evidence the Swingline Loans, as amended, restated, modified,
supplemented, extended, renewed or replaced. A form of Swingline Note is attached as Exhibit 2.13-4. 

“Swingline Sublimit” has the meaning provided in Section 2.01(c). 

“Swiss Franc” or “CHF” means the lawful currency of Switzerland. 

“Synthetic Lease” means any synthetic lease, tax retention operating lease, off-balance sheet loan or similar
off-balance sheet financing arrangement that is considered borrowed money indebtedness for tax purposes but is classified as an operating lease under GAAP. 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or other
charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term A Lenders” means, prior to the funding of the initial Term A Loans on the Closing Date, those Lenders with Term A
Loan Commitments, and after funding of the Term A Loans, those Lenders holding a portion of the Term A Loans, together with their successors and permitted assigns. The initial Term A Lenders are set forth on Schedule 2.01. 

“Term A Loan Commitment” means, for each Term A Lender, the commitment of such Lender to make a portion of the Term A
Loan hereunder; provided that, at any time after funding of the Term A Loans, determinations of “Required Lenders” and “Required Term A Lenders” shall be based on the outstanding principal amount of the Term A Loan.

 “Term A Loan Committed Amount” means, for each Term A Lender, the amount of such Lender’s Term A Loan
Commitment. The initial Term A Loan Committed Amounts are set forth on Schedule 2.01. 
 “Term A Loan Termination
Date” means the date that is five years and six months following the Closing Date. 
 “Term A Loans”
has the meaning provided in Section 2.01(d). 
  

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 “Term A Note” means the promissory notes substantially in the form of
Exhibit 2.13-5, if any, given to evidence the Term A Loans, as amended, restated, modified, supplemented, extended, renewed or replaced. 

“Term B Lenders” means, prior to the funding of the initial Term B Loans on the Closing Date, those Lenders with Term B
Loan Commitments, and after funding of the Term B Loans, those Lenders holding a portion of the Term B Loans (including any Incremental Term Loans that are Term B Loans), together with their successors and permitted assigns. The initial Term B
Lenders are set forth on Schedule 2.01. 
 “Term B Loan Commitment” means, for each Term B Lender, the
commitment of such Lender to make a portion of the Term B Loan hereunder; provided that, at any time after funding of the Term B Loans, determinations of “Required Lenders” and “Required Term B Lenders” shall be based on
the outstanding principal amount of the Term B Loan. 
 “Term B Loan Committed Amount” means, for each Term B
Lender, the amount of such Lender’s Term B Loan Commitment. The initial Term B Loan Committed Amounts are set forth on Schedule 2.01. 

“Term B Loan Termination Date” means the date that is six years and six months following the Closing Date. 

“Term B Loans” has the meaning provided in Section 2.01(e). 

“Term B Note” means the promissory notes substantially in the form of Exhibit 2.13-6, if any, given to evidence
the Term B Loans, as amended, restated, modified, supplemented, extended, renewed or replaced. 
 “Term Loan
Commitments” means the Term A Loan Commitment and the Term B Loan Commitment. 
 “Term Loan Lenders”
means the Term A Lenders and the Term B Lenders. 
 “Term Loans” means the Term A Loans and the Term B Loans.

 “Ticketmaster” means Ticketmaster Entertainment, LLC, a Delaware limited liability company. 

“Ticketmaster Merger” means the merger of Ticketmaster Entertainment, Inc. and Live Nation Merger Sub pursuant to the
Live Nation Merger Agreement. 
 “Total Assets” of any Person means the total assets of such Person as set
forth on such Person’s most recent balance sheet. 
 “Transactions” means the borrowing of the Term A
Loans and the Term B Loans on the Closing Date, the issuance of the New Senior Notes, the repayment of the Existing Credit Facilities, the conversion of the Existing Preferred Stock into the right to receive cash, the solicitation of consents with
respect to the Existing Senior Notes, and the payment of fees and expenses in connection with the foregoing. 

“Treasury Management Bank” has the meaning provided in the definition of “Borrower Obligations.” 

“Treasury Management Agreement” means any agreement governing the provision of treasury or cash management services,
including deposit accounts, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, purchase cards, account reconciliation and reporting and trade finance services. 

“Type” means, with respect to any Revolving Loan or Term Loan, its character as a Base Rate Loan or a Eurodollar Rate
Loan. 
 “UCC” means the Uniform Commercial Code in effect in any applicable jurisdiction from time to time.

  

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 “United States” or “U.S.” means the United States of
America. 
 “United States Tax Compliance Certificate” has the meaning provided in Section 3.01(e).

 “Unreimbursed Amount” has the meaning provided in Section 2.03(c). 

“Unrestricted Subsidiary” means any Subsidiary acquired, purchased or invested in after the Closing Date that is
designated as an Unrestricted Subsidiary hereunder by written notice from the Parent Borrower to the Administrative Agent; provided that the Parent Borrower shall only be permitted to so designate a new Unrestricted Subsidiary so long as
(a) no Default or Event of Default has occurred and is continuing or would result therefrom; (b) after giving effect on a Pro Forma Basis to such designation, as of the last day of the most recently ended fiscal quarter at the end of which
financial statements were required to have been delivered pursuant to Section 7.01(a) or (b) (or, prior to such first required delivery date for such financial statements, as of the last day of the most recent period referred
to in the first sentence of Section 6.05), the Parent Borrower would be in compliance with Section 8.10; (c) such Unrestricted Subsidiary shall be solely capitalized (to the extent capitalized by any Credit Party)
through one or more investments permitted by Section 8.02(k) or (r); (d) without duplication of clause (c), when any pre-existing Subsidiary is designated as an Unrestricted Subsidiary, the portion of the aggregate fair value
of the assets of such newly designated Unrestricted Subsidiary (proportionate to the applicable Borrower’s or Subsidiary’s equity interest in such Unrestricted Subsidiary) at the time of the designation thereof as an Unrestricted
Subsidiary shall be treated as Investments pursuant to Section 8.02(k) (it being understood that such aggregate fair value shall be set forth in a certificate of a Responsible Officer of the Parent Borrower, which certificate
(x) shall be dated as of the date such subsidiary is designated as an Unrestricted Subsidiary, (y) shall have been delivered by the Parent Borrower to the Administrative Agent (for delivery to the Lenders) on or prior to the date of such
designation and (z) shall set forth a reasonably detailed calculation of such aggregate fair value); and (e) with respect to the Senior Notes and any other material Indebtedness for borrowed money (to the extent the concept of an
Unrestricted Subsidiary exists in such other material Indebtedness) and, in each case, any refinancing Indebtedness thereof, such Subsidiary shall have been designated an Unrestricted Subsidiary (or otherwise not be subject to the covenants and
defaults except on a basis substantially similar to this Credit Agreement) under the documents governing such material Indebtedness permitted to be incurred or maintained herein. Any Unrestricted Subsidiary may be designated by the Parent Borrower
to be a Subsidiary for purposes of this Credit Agreement (each, a “Subsidiary Redesignation”); provided that (i) no Default or Event of Default has occurred and is continuing or would result therefrom; (ii) after
giving effect on a Pro Forma Basis to such designation, as of the last day of the most recently ended fiscal quarter at the end of which financial statements were required to have been delivered pursuant to Section 7.01(a) or
(b) (or, prior to such first required delivery date for such financial statements, as of the last day of the most recent period referred to in the first sentence of Section 6.05), the Parent Borrower would be in compliance
with Section 8.10; (iii) all representations and warranties contained herein and in the other Credit Documents shall be true and correct in all material respects with the same effect as though such representations and warranties had
been made on and as of the date of such Subsidiary Redesignation (both before and after giving effect thereto), except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and
correct in all material respects as of such earlier date (provided that representations and warranties that are qualified by materiality shall be true and correct in all respects); and (iv) the Parent Borrower shall have delivered to the
Administrative Agent a certificate executed by a Responsible Officer, certifying to the best of such officer’s knowledge, compliance with the requirements of preceding clauses (i) through (iii), inclusive, and containing the calculations
and information required to evidence the same. The term “Unrestricted Subsidiary” shall also include any subsidiary of an Unrestricted Subsidiary. An Unrestricted Subsidiary, for as long as such Subsidiary remains an Unrestricted
Subsidiary, shall be deemed to not be a Subsidiary or Borrower for all purposes under the Loan Documents. Notwithstanding the foregoing, a Foreign Borrower shall in no event be an Unrestricted Subsidiary. 

“U.S. Pledge Agreement” means the pledge agreement substantially in the form of Exhibit 1.01C (it being
understood that the pledgors party thereto and schedules thereto shall be reasonably satisfactory to the Administrative Agent), given by the Domestic Credit Parties, as pledgors, to the Collateral Agent to secure the Obligations, and any other
pledge agreements that may be given by any Person pursuant to the terms hereof, in each case as the same may be amended and modified from time to time. 
  

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 “U.S. Security Agreement” means the security agreement substantially in the
form of Exhibit 1.01D (it being understood that the grantors party thereto and schedules thereto shall be reasonably satisfactory to the Administrative Agent), given by Domestic Credit Parties, as grantors, to the Collateral Agent to
secure the Obligations, and any other security agreements that may be given by any Person pursuant to the terms hereof, in each case as the same may be amended and modified from time to time. 

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

“Wholly Owned Subsidiary” means, with respect to any direct or indirect Subsidiary of any Person, that one hundred
percent (100%) of the Capital Stock with ordinary voting power issued by such Subsidiary (other than directors’ qualifying shares and investments by foreign nationals mandated by applicable Law) is beneficially owned, directly or
indirectly, by such Person. 
 1.02 Interpretative Provisions. 

With reference to this Credit Agreement and each other Credit Document, unless otherwise specified herein or in such other Credit
Document: 
 (a) The definitions of terms herein shall apply equally to 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 words “include,” “includes” and “including” shall be deemed to
be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise, (i) any
definition of or reference to any agreement, instrument or other document (including any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise
modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Credit Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and
permitted assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import when used in any Credit Document, shall be construed to refer to such Credit Document in its
entirety and not to any particular provision thereof, (iv) all references in a Credit Document to “Articles,” “Sections,” “Exhibits” and “Schedules” shall be construed to refer
to articles and sections of, and exhibits and schedules to, the Credit Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or
interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. 

(b) In the computation of periods of time from a specified date to a later specified date, the word
“from” means “from and including,” the words “to” and “until” each mean “to but excluding,” and the word “through” means “to and
including.” 
 (c) Section headings herein and in the other Credit Documents are included for
convenience of reference only and shall not affect the interpretation of this Credit Agreement or any other Credit Document. 
 1.03
Accounting Terms and Provisions. 
 (a) As used herein, “GAAP” means generally accepted accounting
principles in effect in the United States as set forth in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting
Standards 
  

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Board from time to time applied on a consistent basis, subject to the provisions of this Section 1.03. All accounting terms not specifically or completely defined herein shall be
construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Credit Agreement shall be prepared in conformity with, GAAP applied on a consistent basis in
a manner consistent with that used in preparing the audited financial statements referenced in Section 6.05, except as otherwise specifically prescribed herein. 

(b) Notwithstanding any provision herein to the contrary, determinations of (i) the Consolidated Total Leverage Ratio for purposes
of determining the applicable pricing level under the definition of “Applicable Percentage”, (ii) the Consolidated Total Leverage Ratio, the Senior Secured Leverage Ratio and the Consolidated Interest Coverage Ratio, for the purposes
of determining compliance with covenants, conditions and the Incremental Loan Facilities and (iii) revenues for determining Material Subsidiaries and Immaterial Subsidiaries shall be made on a Pro Forma Basis. To the extent compliance with the
covenants in Section 8.10 is being calculated as of a date that is prior to the first test date under Section 8.10 in order to determine the permissibility of a transaction, the levels for the covenants as of the first test
date under Section 8.10 shall apply for such purpose. 
 (c) If at any time any change in GAAP or in the consistent
application thereof would affect the computation of any financial ratio or requirement set forth in any Credit Document, the Parent Borrower may, after giving written notice thereof to the Administrative Agent, determine all such computations on
such a basis; provided that if any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Credit Document, and either the Parent Borrower or the Required Lenders shall so request, the Administrative
Agent, the Lenders and the Parent Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided
further that, until so amended (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Parent Borrower shall provide to the Administrative Agent and the Lenders
financial statements and other documents required under this Credit Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in
GAAP. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any
election under Statement of Financial Accounting Standard No. 159 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the Parent Borrower or any of its Subsidiaries at
“fair value”, as defined therein. 
 (d) Consolidation of Variable Interest Entities. All references herein to
consolidated financial statements of the Parent Borrower and its Subsidiaries or to the determination of any amount for the Parent Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to
include each variable interest entity that the Parent Borrower is required to consolidate pursuant to FASB Interpretation No. 46—Consolidation of Variable Interest Entities: an interpretation of ARB No. 51 (January 2003) as if such
variable interest entity were a Subsidiary as defined herein. 
 1.04 Rounding. 

Any financial ratios required to be maintained by the Parent Borrower pursuant to this Credit Agreement shall be calculated by dividing
the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no
nearest number). 
 1.05 Times of Day. 

Unless otherwise provided, all references herein to times of day shall be references to Eastern time (daylight or standard, as
applicable). 
  

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 1.06 Exchange Rates; Currency Equivalents. 

The Applicable Agent or the applicable L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used
for calculating Dollar Equivalent amounts of L/C Credit Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting
any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered hereunder or calculating covenants hereunder or except as otherwise provided herein, the applicable amount
of any currency (other than Dollars) for purposes of the Credit Documents shall be such Dollar Equivalent amount as so determined by the Applicable Agent or the applicable L/C Issuer. For purposes of complying with covenants whose limitations or
thresholds are denominated in United States dollars, the Dollar Equivalent of all amounts necessary to compute such compliance shall be used. 

1.07 Additional Alternative Currencies. 

Any Borrower may from time to time request that an additional currency be added as “Alternative Currency”; provided that
such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible into Dollars. Such request shall be subject to the approval of the Administrative Agent and each Multicurrency
Revolving Lender, and, to the extent such Alternative Currency is proposed to be available under the Limited Currency Revolving Facility, each Limited Currency Revolving Lender; provided that if such “Alternative Currency” is to be
used for Letters of Credit only, such request shall be subject only to the approval of the Administrative Agent and the Multicurrency L/C Issuer. 

1.08 Additional Borrowers. 

Notwithstanding anything in Section 11.01 to the contrary, following the Closing Date, the Parent Borrower may add one or more
of its Foreign Subsidiaries that is a Wholly Owned Subsidiary as an additional Foreign Borrower under the Limited Currency Revolving Facility or Multicurrency Revolving Facility by delivering to the Administrative Agent a Foreign Borrower Agreement
executed by such Subsidiary and the Parent Borrower. After (i) five Business Days have elapsed after such delivery and (ii) receipt by the Lenders and the Administrative Agent of such documentation and other information reasonably
requested by the Lenders or the Administrative Agent for purposes of complying with all necessary “know your customer” or other similar checks under all applicable laws and regulations, such Foreign Subsidiary shall for all purposes of
this Credit Agreement be a Foreign Borrower hereunder; provided that each Foreign Borrower shall also be a Foreign Guarantor. Any obligations in respect of borrowings by any Foreign Subsidiary under the Credit Agreement will constitute
“Obligations,” “Foreign Obligations” and “Secured Obligations” for all purposes of the Credit Documents. At the reasonable request of the Administrative Agent, the Administrative Agent, the Parent Borrower, the
applicable Foreign Borrower and each Limited Currency Revolving Lender and/or Multicurrency Revolving Lender (as the case may be), shall amend this Credit Agreement and the other Credit Documents (including, without limitation,
Section 3.01 of this Credit Agreement and the definition of “Excluded Taxes”) as reasonably necessary or appropriate to appropriately include such Foreign Subsidiary as a Borrower hereunder (provided that no such
amendment shall materially adversely affect the rights of any Lender that has not consented to such amendment). Upon the execution by the Parent Borrower and a Foreign Borrower and delivery to the Administrative Agent of a Foreign Borrower
Termination with respect to such Foreign Borrower, such Foreign Borrower shall cease to be a Foreign Borrower and a party to this Credit Agreement; provided that no Foreign Borrower Termination will become effective as to any Foreign Borrower
(other than to terminate such Foreign Borrower’s right to make further Borrowings under this Credit Agreement) at a time when any Loan to, B/A on behalf of, or Letter of Credit issued to such Foreign Borrower shall be outstanding hereunder.
Promptly following receipt of any Foreign Borrower Agreement or Foreign Borrower Termination, the Administrative Agent shall send a copy thereof to each Lender. 

1.09 Change of Currency. 

(a) Each obligation of the Borrowers to make a payment denominated in the national currency unit of any member state of the European Union
that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with the EMU Legislation). If, in relation to 

 

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the currency of any such member state, the basis of accrual of interest expressed in this Credit Agreement in respect of that currency shall be inconsistent with any convention or practice in the
London interbank market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such convention or practice with effect from the date on which such member state adopts the Euro as its lawful currency;
provided that if any Borrowing in the currency of such member state is outstanding immediately prior to such date, such replacement shall take effect, with respect to such Borrowing, at the end of the then current Interest Period. 

(b) Each provision of this Credit Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may
from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions or practices relating to the Euro. 

(c) Each provision of this Credit Agreement also shall be subject to such reasonable changes of construction as the Administrative Agent
may from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices relating to the change in currency. 

1.10 Letter of Credit Amounts. 

Unless otherwise provided, all references herein to the amount of a Letter of Credit at any time shall be deemed to mean the Dollar
Equivalent of the maximum face amount available to be drawn of such Letter of Credit after giving effect to all increases thereof contemplated by such Letter of Credit or the Issuer Documents related thereto, whether or not such maximum face amount
is in effect at such time. 
 ARTICLE II 

COMMITMENTS AND CREDIT EXTENSIONS 

2.01 Commitments. 

Subject to the terms and conditions set forth herein: 

(a) Revolving Loans. 

(i) Dollar Revolving Loans. Following the Closing Date, each Dollar Revolving Lender severally agrees to make
revolving credit loans (the “Dollar Revolving Loans”) in Dollars to the Parent Borrower from time to time on any Business Day prior to the Revolving Termination Date; provided that after giving effect to any such Dollar
Revolving Loan, (x) with respect to the Dollar Revolving Lenders collectively, the Outstanding Amount of Dollar Revolving Obligations shall not exceed ONE HUNDRED MILLION DOLLARS ($100,000,000) (as such amount may be increased pursuant to
Section 2.01(g) or decreased pursuant to Sections 2.07 or 9.02(a), the “Aggregate Dollar Revolving Committed Amount”) and (y) with respect to each Dollar Revolving Lender individually, such
Lender’s Dollar Revolving Commitment Percentage of Dollar Revolving Obligations shall not exceed its respective Dollar Revolving Committed Amount. Dollar Revolving Loans may consist of Base Rate Loans, Eurodollar Rate Loans or a combination
thereof, as the Parent Borrower may request. Dollar Revolving Loans may be repaid and reborrowed in accordance with the provisions hereof. 

(ii) Limited Currency Revolving Loans. Following the Closing Date, each Limited Currency Revolving Lender severally
agrees to make revolving credit loans (the “Limited Currency Revolving Loans”) in Dollars, Euros or Sterling to the Parent Borrower and each Foreign Borrower from time to time on any Business Day prior to the Revolving Termination
Date; provided that after giving effect to any such Limited Currency Revolving Loan, (x) with respect to the Limited Currency Revolving Lenders collectively, the Outstanding Amount of Limited Currency Revolving Obligations shall not
exceed ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000) (as such amount may be increased pursuant to Section 2.01(g) or decreased in accordance with the Sections 2.07 or 9.02(a), the “Aggregate Limited Currency
Revolving Committed Amount”), (y) with respect to each Limited Currency Revolving Lender individually, such Lender’s Limited Currency Revolving Commitment Percentage of Limited Currency Revolving

  

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Obligations shall not exceed its respective Limited Currency Revolving Committed Amount and (z) the Outstanding Amount of all Limited Currency Revolving Obligations and Multicurrency
Revolving Obligations denominated in an Alternative Currency shall not exceed the Alternative Currency Sublimit. Limited Currency Revolving Loans denominated in Dollars may consist of Base Rate Loans, Eurodollar Rate Loans or a combination thereof,
as the Borrowers may request. Limited Currency Revolving Loans denominated in Euros or Sterling must consist of Eurodollar Rate Loans. 

(iii) Multicurrency Revolving Loans. Following the Closing Date, each Multicurrency Revolving Lender severally
agrees (A) to make revolving credit loans (the “Multicurrency Revolving Loans”) in one or more Approved Currencies to the Parent Borrower and each Foreign Borrower from time to time on any Business Day prior to the Revolving
Termination Date and (B) to cause its Canadian Lending Office to accept and purchase or arrange for the acceptance and purchase of drafts drawn by the Canadian Borrowers in Canadian Dollars as B/As; provided that after giving effect to
any such Multicurrency Revolving Loan or B/A, (x) with respect to the Multicurrency Revolving Lenders collectively, the Outstanding Amount of Multicurrency Revolving Obligations shall not exceed FIFTY MILLION DOLLARS ($50,000,000) (as such
amount may be increased pursuant to Section 2.01(g) or decreased in accordance with the Sections 2.07 or 9.02(a), the “Aggregate Multicurrency Revolving Committed Amount”), (y) with respect to each
Multicurrency Revolving Lender individually, such Lender’s Multicurrency Revolving Commitment Percentage of Multicurrency Revolving Obligations shall not exceed its respective Multicurrency Revolving Committed Amount and (z) the
Outstanding Amount of all Limited Currency Revolving Obligations and Multicurrency Revolving Obligations denominated in an Alternative Currency shall not exceed the Alternative Currency Sublimit. Multicurrency Revolving Loans denominated in Dollars
or Canadian Dollars and B/As may consist of Base Rate Loans, Eurodollar Rate Loans or a combination thereof, as the Borrowers may request. Multicurrency Revolving Loans denominated in an Alternative Currency (other than Canadian Dollars) must
consist of Eurodollar Rate Loans. 
 (b) Letters of Credit. On and after the Closing Date, (x) each
L/C Issuer, in reliance upon the commitments of the Revolving Lenders set forth herein, agrees (A) to issue Letters of Credit for the account of the Parent Borrower (or for the account of any member of the Consolidated Group or BCV, but in such
case the Parent Borrower will remain obligated to reimburse such L/C Issuer for any and all drawings under such Letter of Credit, and the Parent Borrower acknowledges that the issuance of Letters of Credit for the account of members of the
Consolidated Group or BCV inures to the benefit of the Parent Borrower, and the Parent Borrower acknowledges that the Parent Borrower’s business derives substantial benefits from the business of such members of the Consolidated Group and BCV)
on any Business Day, (B) to amend or extend Letters of Credit previously issued hereunder, and (C) to honor drawings under Letters of Credit; and (y) each L/C Revolving Lender severally agrees to purchase from the such L/C Issuer a
participation interest in each Letter of Credit issued hereunder in an amount equal to the Dollar Equivalent of such L/C Revolving Lender’s L/C Commitment Percentage thereof (and, in each case, with respect to the purchase of a participation in
any Alternative Currency Letter of Credit, the purchase of such participation will also occur on each Revaluation Date); provided that (A) the Outstanding Amount of L/C Obligations shall not exceed ONE HUNDRED FIFTY MILLION DOLLARS
($150,000,000) (as such amount may be decreased in accordance with the provisions hereof, the “L/C Sublimit”), (B) the Outstanding Amount of all Alternative Currency L/C Obligations shall not exceed the Alternative Currency L/C
Sublimit, (C) with regard to the Revolving Lenders collectively, the Outstanding Amount of Revolving Obligations shall not exceed the Aggregate Revolving Committed Amount, (D) with regard to each Revolving Lender individually, such
Revolving Lender’s Aggregate Revolving Commitment Percentage of Revolving Obligations shall not exceed its respective Aggregate Revolving Committed Amount, (E) the Outstanding Amount of all Dollar Revolving Obligations shall not exceed the
Dollar Equivalent of the Aggregate Dollar Revolving Committed Amount, (F) the Outstanding Amount of all Limited Currency Revolving Obligations shall not exceed the Dollar Equivalent of the Aggregate Limited Currency Revolving Committed Amount,
(G) the Outstanding Amount of all Alternative Currency L/C Obligations shall not exceed the Alternative Currency L/C Sublimit, (H) the L/C Obligations do not exceed the L/C Committed Amount, (I) the Outstanding Amount of L/C
Obligations for the account of BCV shall not exceed $5.0 million less the amount of all then outstanding Limited Currency Facility L/C Obligations for the account of BCV and (J) no L/C Issuer shall be required to issue, amend, extend or
increase any Letter of Credit, if after giving effect thereto, there 
  

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would be L/C Obligations arising from Letters of Credit issued by such L/C Issuer in excess of its Letter of Credit Cap. Subject to the terms and conditions hereof, the Parent Borrower’s
ability to obtain Letters of Credit shall be fully revolving, and accordingly the Parent Borrower may obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed. All Existing Letters of Credit
shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof. 

(c) Swingline Loans. During the Commitment Period, the Swingline Lender agrees, in reliance upon the commitments of
the other Dollar Revolving Lenders set forth herein, to make revolving credit loans (the “Swingline Loans”) to the Parent Borrower in Dollars on any Business Day; provided that (i) the Outstanding Amount of Swingline
Loans shall not exceed FIFTY MILLION DOLLARS ($50.0 million) (as such amount may be decreased in accordance with the provisions hereof, the “Swingline Sublimit”), (ii) with respect to the Dollar Revolving Lenders collectively,
the Outstanding Amount of Dollar Revolving Obligations shall not exceed the Aggregate Dollar Revolving Committed Amount and (iii) with regard to each Revolving Lender individually, such Revolving Lender’s Aggregate Revolving Commitment
Percentage of Revolving Obligations shall not exceed its respective Aggregate Revolving Committed Amount. Swingline Loans shall be comprised solely of Base Rate Loans, and may be repaid and reborrowed in accordance with the provisions hereof.
Immediately upon the making of a Swingline Loan, each Dollar Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swingline Lender a participation interest in such Swingline Loan in an amount
equal to such Lender’s Dollar Revolving Commitment Percentage thereof. 
 (d) Term A Loans. Each of
the Term A Lenders severally agrees to make its portion of the term A loans (in the amount of its respective Term A Loan Committed Amount) to the Parent Borrower on the Closing Date in a single advance in Dollars in an aggregate principal amount for
all Term A Lenders of ONE HUNDRED MILLION DOLLARS ($100,000,000) (the “Term A Loans”). The Term A Loans may consist of Base Rate Loans, Eurodollar Rate Loans or a combination thereto, as the Parent Borrower may request.
Amounts repaid on the Term A Loans may not be reborrowed. 
 (e) Term B Loans. Each of the Term B Lenders
severally agrees to make its portion of the term B loans (in the amount of its respective Term B Loan Committed Amount) to the Parent Borrower on the Closing Date in a single advance in Dollars in an aggregate principal amount for all Term B
Lenders of EIGHT HUNDRED MILLION DOLLARS ($800,000,000) (the “Term B Loans”). The Term B Loans may consist of Base Rate Loans, Eurodollar Rate Loans or a combination thereto, as the Parent Borrower may request. Amounts repaid
on the Term B Loans may not be reborrowed. 
 (f) Incremental Loan Facilities. Any time after the Closing
Date, any Borrower may, upon written notice to the Administrative Agent, establish additional credit facilities (collectively, the “Incremental Loan Facilities”) by increasing the Aggregate Revolving Commitments hereunder as
provided in Section 2.01(g) (the “Incremental Revolving Commitments”), or establishing new term loans hereunder as provided in Section 2.01(h) (the “Incremental Term Loans”); provided
that: 
 (i) the aggregate principal amount of loans and commitments for all the Incremental Loan Facilities
established after the Closing Date will not exceed $300.0 million; 
 (ii) no Default or Event of Default shall
have occurred and be continuing or shall result after giving effect to any such Incremental Loan Facility; 

(iii) the conditions to the making of a Credit Extension under Section 5.02 shall be satisfied; 

(iv)(A) after giving effect on a Pro Forma Basis to the borrowings to be made pursuant to such Incremental Loan Facility,
as of the last day of the most recently ended fiscal quarter at the end of which financial statements were required to have been delivered pursuant to Section 7.01(a) or (b) (or, prior to such first required delivery date for
such financial statements, as of the 
  

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last day of the most recent period referred to in the first sentence of Section 6.05), the Parent Borrower would be in compliance with Section 8.10 and (B) to the
extent all loans and commitments established under Incremental Loan Facilities prior thereto and such Incremental Loan Facility, taken together, would exceed $150.0 million, the Senior Secured Leverage Ratio on a Pro Forma Basis as of the end of the
most recent fiscal quarter ended on or before the date such Incremental Loan Facility is established shall not be in excess of 2.50:1.00 (and the Parent Borrower shall deliver a certificate of a Responsible Officer of the Parent Borrower as to the
satisfaction of the requirements of this clause (iv) and clauses (ii) and (iii) above); 
 (v) all
Incremental Term Loans shall be borrowed by the Parent Borrower and guaranteed by the Domestic Guarantors; and 

(vi) the Incremental Revolving Commitments may be of the Parent Borrower and any other Borrower; provided that, for
the avoidance of doubt, the use of such Incremental Revolving Commitments shall be subject to the L/C Sublimit, the Swingline Sublimit, the Alternative Currency L/C Sublimit and the Alternative Currency Sublimit. 

In connection with the establishment of any Incremental Loan Facility, (A) neither of the Lead Arrangers or the
Administrative Agent hereunder shall have any obligation to arrange for or assist in arranging for any Incremental Loan Facility, (B) any Incremental Loan Facility shall be subject to such conditions, including fee arrangements, as may be
provided in connection therewith and (C) none of the Lenders shall have any obligation to provide commitments or loans for any Incremental Loan Facility. 

(g) Establishment of Incremental Revolving Commitments. Subject to Section 2.01(f), any Borrower may
establish Incremental Revolving Commitments by increasing the Aggregate Dollar Revolving Committed Amount, Aggregate Limited Currency Revolving Committed Amount or Aggregate Multicurrency Revolving Committed Amount hereunder, provided that:

 (i) any Person that is not a Revolving Lender that is proposed to be a Lender under any such increased
Aggregate Revolving Committed Amount shall be reasonably acceptable to the Administrative Agent, any Person that is proposed to provide any such increased Aggregate Dollar Revolving Committed Amount (whether or not an existing Dollar Revolving
Lender) or Aggregate Limited Currency Revolving Committed Amount (whether or not an existing Limited Currency Revolving Lender) shall be reasonably acceptable to each L/C Issuer and any Person that is proposed to provide any such increased Aggregate
Dollar Revolving Committed Amount (whether or not an existing Dollar Revolving Lender) shall be reasonably acceptable to the Swingline Lender; 

(ii) Persons providing commitments for the Incremental Revolving Commitments pursuant to this Section 2.01(g)
will provide a Revolving Lender Joinder Agreement; 
 (iii) increases in the Aggregate Revolving Committed Amount
will be in a minimum principal amount of $10.0 million and integral multiples of $5.0 million in excess thereof; and 

(iv) if any Revolving Loans are outstanding at the time of any such increase under the applicable Revolving Facility,
either (x) each applicable Borrower will prepay such Revolving Loans on the date of effectiveness of the Incremental Revolving Commitments (including payment of any break-funding amounts owing under Section 3.05) or (y) each
Lender with an Incremental Revolving Commitment shall purchase at par interests in each Borrowing of Revolving Loans then outstanding under the applicable Revolving Facility such that immediately after giving effect to such purchases, each Borrowing
thereunder shall be held by each Lender in accordance with its Pro Rata Share of such Revolving Facility (and, in connection therewith, each applicable Borrower shall pay all amounts that would have been payable pursuant to Section 3.05
had the Revolving Loans so purchased been prepaid on such date). 
  

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 Any Incremental Revolving Commitment established hereunder shall have terms
identical to the Dollar Revolving Commitments, Limited Currency Revolving Commitments or Multicurrency Revolving Commitments, as the case may be, existing on the Closing Date, it being understood that the Credit Parties and the Administrative Agent
may make (without the consent of or notice to any other party) any amendment to reflect such increase in the Revolving Commitments. 

(h) Establishment of Incremental Term Loans. Subject to Section 2.01(f), the Parent Borrower may, at
any time, establish additional term loan commitments (including additional commitments for Term B Loans), provided that: 

(i) any Person that is not a Lender or Eligible Assignee that is proposed to be a Lender shall be reasonably acceptable to
the Administrative Agent; 
 (ii) Persons providing commitments for the Incremental Term Loan pursuant to this
Section 2.01(h) will provide an Incremental Term Loan Joinder Agreement; 
 (iii) additional
commitments established for the Incremental Term Loan will be in a minimum aggregate principal amount of $15.0 million and integral multiples of $5.0 million in excess thereof; provided that such commitments shall not be established on more
than three (3) separate occasions; 
 (iv) the final maturity date of any Incremental Term Loan shall be no
earlier than the Term B Loan Termination Date; 
 (v) the Applicable Percentage (which for the purposes of this
Section 2.01(h) being deemed to include any similar interest margin measure) for any proposed Incremental Term Loans shall be determined by the Parent Borrower and the applicable Lenders; provided that in the event that the
Applicable Percentage for any proposed Incremental Term Loans is 50 basis points greater than the Applicable Percentage for the Term B Loans (other than such Incremental Term Loans), then the Applicable Percentage for all Term B Loans (other than
such Incremental Term Loans) shall be increased to the extent necessary so that the Applicable Percentage for the Term B Loans (other than such Incremental Term Loans) is equal to the Applicable Percentage for the proposed Incremental Term Loans
minus 50 basis points; provided, further, that in determining the Applicable Percentage applicable to the Term B Loans (other than such Incremental Term Loans) and the proposed Incremental Term Loans, (x) original issue discount
(“OID”) or upfront fees (other than underwriting fees paid only to Lenders under the Incremental Term Loans in their capacity as such) (which upfront fees, exclusive of the underwriting fees referred to above, shall be deemed to
constitute like amounts of OID) payable to the applicable Lenders of the Term B Loans (other than such Incremental Term Loans) or the proposed Incremental Term Loans in the primary syndication thereof shall be included (with OID being equated to
interest based on an assumed four-year life to maturity) and (y) if the lowest permissible Eurodollar Rate is greater than 1.50% per annum or the lowest permissible Base Rate is greater than 2.50% per annum, in each case for such
Incremental Term Loans, the difference between such “floor” and 1.50%, in the case of Eurodollar Rate Loans, and such floor and 2.50% per annum, in the case of Base Rate Loans, shall be taken into account in the calculation of
Applicable Percentage for purposes of the first proviso of this clause (v); and 
 (vi) the Weighted Average Life
to Maturity of any Incremental Term Loan shall not be shorter than the Term B Loans (without giving effect to such Incremental Term Loans). 

Any Incremental Term Loan established hereunder shall be on terms to be determined by the Parent Borrower and the Lenders
thereunder (and the Parent Borrower and the Administrative Agent may, without the consent of any other Lender, enter into an amendment to this Credit Agreement to appropriately include the Incremental Term Loans hereunder including, without
limitation, to provide that such Incremental Term Loans shall share in mandatory prepayments on the same basis as the Term A Loans and 

 

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Term B Loans); provided that, to the extent that such terms and documentation are not consistent with the Term B Loans (except to the extent permitted by clause (iv),
(v) or (vi) above), they shall be reasonably satisfactory to the Administrative Agent; provided, further, that if any covenant, term (except to the extent permitted by clause (iv), (v) or
(vi) above), event of default or remedy in any Incremental Term Loans is more favorable to the lenders thereunder than the corresponding covenant, term, event of default or remedy in the existing Term B Loans, or such Incremental Term
Loans contain any covenant, term (except to the extent permitted by clause (iv), (v) or (vi) above), event of default or remedy in favor of the lenders thereunder that is not in the existing Credit Documents, the
Credit Parties and the Administrative Agent and/or the Collateral Agent shall, without the consent of or notice to any other party, amend the documentation for such existing Credit Documents so that such covenant, term, event of default and/or
remedy is applicable to all Loans and Commitments (or Term Loans and Term Loan Commitments, as applicable) hereunder and/or to incorporate any such covenant, event of default and/or remedy that is not in the existing Credit Documents. 

2.02 Borrowings, B/A Drawings, Conversions and Continuations. 

(a) Each Borrowing, each conversion of Loans from one Type to the other, and each continuation of a B/A Drawing or a Eurodollar Rate Loans
shall be made upon the applicable Borrower’s irrevocable notice to the Applicable Agent by delivery to the Applicable Agent of a written Loan Notice appropriately completed and signed by a Responsible Officer of the applicable Borrower. Each
such notice must be received by the Applicable Agent not later than (i) with respect to Eurodollar Rate Loans, 12:00 noon (Local Time) three (3) Business Days (or, in the case of Limited Currency Revolving Loans or Multicurrency Revolving
Loans denominated in Alternative Currency, four (4) Business Days) prior to the requested date of, (ii) with respect to Base Rate Loans denominated in Dollars, 12:00 noon (Local Time) on the requested date of, (iii) in the case of
Base Rate Loans denominated in Canadian Dollars, 12:00 noon (Local Time) one Business Day prior to the requested date of, or (iv) in the case of B/A Drawings, 10:00 a.m. (Local Time) one Business Day prior to the requested date of any such
Borrowing, conversion or continuation. Except in the case of any Revolving Loan that is borrowed to refinance a Swingline Loan or L/C Borrowing (which may be in an amount sufficient to refinance such Swingline Loan or L/C Borrowing), each Borrowing,
conversion or continuation shall be in a principal amount of (i) with respect to Eurodollar Rate Loans (A) denominated in Dollars, $1.0 million or a whole multiple of $1.0 million in excess thereof, (B) denominated in Euros,
€1.0 million or a whole multiple of €1.0 million in excess thereof, (C) denominated in £££, £1.0 million or a whole multiple of £1.0 million in excess thereof, (D) denominated in
Canadian Dollars, C$1.0 million or a whole multiple of C$1.0 million in excess thereof, (E) denominated in Australian Dollars, AU$1.0 million or a whole multiple of AU$1.0 million in excess thereof, (F) denominated in Swiss Francs, CHF1.0
million or a whole multiple of CHF$1.0 million in excess thereof, (G) denominated in Swedish Krona, kr7.0 million or a whole multiple of kr7.0 million in excess thereof or (H) denominated in Japanese Yen, ¥100.0 million or a whole
multiple of ¥100.0 million n in excess thereof or (ii) with respect to Base Rate Loans (A) denominated in Dollars, $1,000,000 or a whole multiple of $100,000 in excess thereof or (B) denominated in Canadian Dollars or B/A
Drawings, C$1.0 million or an integral multiple of C$100,000 in excess thereof. Each Loan Notice (whether telephonic or written) shall specify (i) whether such Borrower’s request is with respect to Dollar Revolving Loans, Limited Currency
Revolving Loans, Multicurrency Revolving Loans, B/A Drawings, Term A Loans or Term B Loans, (ii) whether such request is for a Borrowing, conversion, or continuation, (iii) the requested date of such Borrowing, conversion or continuation
(which shall be a Business Day), (iv) the principal amount of Loans or B/A Drawings to be borrowed, converted or continued, (v) the Type of Loans to be borrowed, converted or continued, (vi) if such Loans are Limited Currency
Revolving Loans or Multicurrency Revolving Loans, the currency of such Loans (which shall be an Approved Currency) and (vii) if applicable, the duration of the Contract Period or Interest Period with respect thereto. If the applicable Borrower
fails to specify a Type of Loan in a Loan Notice or if the applicable Borrower fails to give a timely notice requesting a conversion or continuation (other than with respect to Limited Currency Revolving Loans or Multicurrency Revolving Loans
denominated in an Alternative Currency other than Canadian Dollars), then the applicable Loans shall be made as, or converted to, Base Rate Loans. Any automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest
Period then in effect with respect to the applicable Eurodollar Rate Loans. If the applicable Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any Loan Notice, but fails to specify an Interest Period, the
Interest Period will be deemed to be one (1) month. Each B/A Drawing shall have a Contract Period as specified in the request therefor and no B/A Drawing may be continued other than at the end of the Contract Period applicable thereto.

  

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 (b) Following receipt of a Loan Notice, the Applicable Agent shall promptly notify each
Lender of the amount of its Pro Rata Share of the applicable Loans or B/A Drawings, and if no timely notice of a conversion or continuation is provided by the applicable Borrower, the Applicable Agent shall notify each Lender of the details of any
automatic conversion to Base Rate Loans described in the preceding subsection. In the case of a Borrowing denominated in Dollars, each Lender shall make the amount of its Loan available to the Applicable Agent in Dollars in immediately available
funds at the Applicable Agent’s Office not later than 2:00 p.m. (New York time) on the Business Day specified in the applicable Loan Notice. In the case of a Borrowing denominated in an Alternative Currency or a B/A Drawing, each Lender
shall make the amount of its Loan or Discount Proceeds (net of applicable acceptance fees) available to the Applicable Agent in the applicable Alternative Currency in immediately available funds at the Applicable Agent’s Office not later than
2:00 p.m. (Local Time) on the Business Day specified in the applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 5.02 (and, if such Borrowing is the initial Credit Extension,
Section 5.01), the Applicable Agent shall make all funds so received available to the applicable Borrower in like funds as received by the Applicable Agent either by (i) crediting the account of such Borrower on the books of the
Applicable Agent with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to the Applicable Agent by such Borrower. 

(c) Except as otherwise provided herein, without the consent of the Required Lenders, a Eurodollar Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurodollar Rate Loan. During the existence of a Default or Event of Default, at the request of the Required Lenders or the Applicable Agent, (i) no Loan denominated in Dollars or
Canadian Dollars may be requested as, converted to or continued as a Eurodollar Rate Loan and (ii) any outstanding Eurodollar Rate Loan denominated in Dollars or Canadian Dollars shall be converted to a Base Rate Loan on the last day of the
Interest Period with respect thereto. 
 (d) The Applicable Agent shall promptly notify the applicable Borrower and the Lenders
of the interest rate applicable to any Interest Period for Eurodollar Rate Loans upon determination of such interest rate. The determination of the Adjusted Eurodollar Rate by the Applicable Agent shall be conclusive in the absence of manifest
error. At any time that Base Rate Loans are outstanding, the Applicable Agent shall notify the Borrowers and the Lenders of any change in the Applicable Agent’s prime rate used in determining the Base Rate promptly following the public
announcement of such change. 
 (e) After giving effect to all Borrowings, all B/A Drawings, all conversions of Loans and B/A
Drawings from one Type to the other, and all continuations of Loans and B/A Drawings as the same Type, there shall not be more than ten (10) Interest Periods in effect with respect to the Revolving Loans and Term B Loans and five
(5) Interest Periods with respect to the Term A Loans. 
 (f) Upon the conversion of any Borrowing denominated in
Canadian Dollars (or portion thereof), or the continuation of any B/A Drawing (or portion thereof), to or as a B/A Drawing, the net amount that would otherwise be payable to a Borrower by each Multicurrency Revolving Lender pursuant to
Section 2.15(f) in respect of such new B/A Drawing shall be applied against the principal of the Multicurrency Revolving Loan made by such Multicurrency Revolving Lender as part of such Borrowing (in the case of a conversion), or the
reimbursement obligation owed to such Multicurrency Revolving Lender under Section 2.15(i) in respect of the B/As accepted by such Multicurrency Revolving Lender as part of such maturing B/A Drawing (in the case of a continuation), and
such Borrower shall pay to such Multicurrency Revolving Lender an amount equal to the difference between the principal amount of such Multicurrency Revolving Loan or the aggregate face amount of such maturing B/As, as the case may be, and such net
amount. 
 2.03 Additional Provisions with Respect to Letters of Credit. 

(a) Obligation to Issue or Amend. 

(i) No L/C Issuer shall issue any Letter of Credit if: 

(A) subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit would occur more than
twelve (12) months after the date of issuance or last extension, unless the Administrative Agent and such L/C Issuer have approved such expiry date; 
  

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 (B) the expiry date of any requested Letter of Credit would occur after the
L/C Expiration Date, unless all the L/C Revolving Lenders have approved such expiry date; 
 (C) with respect to
a Letter of Credit to be issued by a Dollar L/C Issuer, such Letter of Credit is to be denominated in a currency other than Dollars; or 

(D) with respect to a Letter of Credit to be issued by a Multicurrency L/C Issuer, such Letter of Credit is to be
denominated in a currency other than Dollars, Euros or Sterling (provided that the foregoing shall in no way limit the right of a Multicurrency L/C Issuer, in its sole discretion, to issue a Letter of Credit in any other Approved Currency).

 (ii) No L/C Issuer shall be under any obligation to issue any Letter of Credit if: 

(A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or
restrain such L/C Issuer from issuing such Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such L/C Issuer shall
prohibit, or request that such L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital
requirement (for which such L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or expense that was not applicable on the Closing Date and that such
L/C Issuer in good faith deems material to it; 
 (B) the issuance of such Letter of Credit would violate any Law
applicable to such L/C Issuer; 
 (C) except as otherwise agreed by such L/C Issuer and the Administrative Agent,
such Letter of Credit is in an initial stated amount less than the Dollar Equivalent of $20,000; 
 (D) such
Letter of Credit is to be denominated in a currency other than Dollars or an Alternative Currency; 
 (E) except
as otherwise agreed by such L/C Issuer, such Letter of Credit contains provisions for automatic reinstatement of the stated amount after any drawing thereunder; and 

(F) any Dollar Revolving Lender or Limited Currency Revolving Lender is at that time a Defaulting Lender, unless such L/C
Issuer has entered into arrangements, including the delivery of Cash Collateral, reasonably satisfactory to such L/C Issuer with the Parent Borrower or such Lender to eliminate the L/C Issuer’s actual or potential L/C Obligations (after giving
effect to Section 2.16) with respect to such Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which such L/C Issuer has exposure.

 (iii) No L/C Issuer shall be under any obligation to amend any Letter of Credit if: 

(A) such L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the
terms hereof; 
 (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such
Letter of Credit; or 
 (C) such Letter of Credit was issued by a L/C Issuer that is the issuer of no Letters of
Credit hereunder other than Existing Letters of Credit. 
 (iv) The applicable L/C Issuer shall act on behalf of the L/C
Revolving Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and such L/C Issuer shall have all of the 

 

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benefits and immunities (A) provided to the Administrative Agent in Article X with respect to any acts taken or omissions suffered by such L/C Issuer in connection with such Letters
of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article X included such L/C Issuer with respect to such acts
or omissions, and (B) as additionally provided herein with respect to such L/C Issuer. 
 (b) Procedures for Issuance
and Amendment; Auto-Extension Letters of Credit. 
 (i) Each Letter of Credit shall be issued or amended, as the case may
be, upon the request of any Borrower delivered to the applicable L/C Issuer (with a copy to the Administrative Agent) in the form of a L/C Application, appropriately completed and signed by a Responsible Officer of such Borrower. Each such L/C
Application must be received by the applicable L/C Issuer and the Administrative Agent (A) not later than 12:00 noon (New York time) at least two (2) Business Days prior to the proposed issuance date or date of amendment, as the case may
be, of any Letter of Credit denominated in Dollars and (B) not later than 12:00 noon (Local Time) at least five (5) Business Days prior to the proposed issuance date or date of amendment, as the case may be, of any Letter of Credit
denominated in an Alternative Currency (or, in each case, such later date and time as the applicable L/C Issuer and the Administrative Agent may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of
amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such L/C Application shall specify in form and detail reasonably satisfactory to the applicable L/C Issuer: (A) the proposed issuance date of
the requested Letter of Credit (which shall be a Business Day); (B) the amount and currency thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such
beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; and (G) such other matters as such L/C Issuer may reasonably require. In the case of
a request for an amendment of any outstanding Letter of Credit, such L/C Application shall specify in form and detail satisfactory to the applicable L/C Issuer: (A) the Letter of Credit to be amended; (B) the proposed date of amendment
thereof (which shall be a Business Day); (C) the nature of the proposed amendment; (D) the purpose and nature of the requested Letter of Credit; and (E) such other matters as such L/C Issuer may reasonably require. Additionally, the
Parent Borrower shall furnish to such L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as such L/C Issuer or the
Administrative Agent may require. 
 (ii) (A) Promptly after receipt of any L/C Application, the applicable L/C Issuer will
confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such L/C Application from the applicable Borrower and, if not, such L/C Issuer will provide the Administrative Agent with a copy
thereof. Unless such L/C Issuer has received written notice from the Administrative Agent, any L/C Revolving Lender or any Credit Party, at least one (1) Business Day prior to the requested date of issuance or amendment of the applicable Letter
of Credit, that one or more applicable conditions contained in Section 5.01 (if issued on the Closing Date) or 5.02 shall not then be satisfied, then, subject to the terms and conditions hereof, the applicable L/C Issuer shall, on
the requested date, issue a Letter of Credit for the account of the applicable Borrower (or Subsidiary or BCV) or enter into the applicable amendment, as the case may be, in each case in accordance with such L/C Issuer’s usual and customary
business practices. 
 (iii) If any Borrower so requests in any L/C Application, the applicable L/C Issuer may, in its sole and
absolute discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit such L/C Issuer
to prevent any such renewal at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a day (the “Non-Extension Notice
Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued (but in any event not later than 30 days prior to the scheduled expiry date thereof). Unless otherwise directed by the L/C Issuer, the
applicable Borrower shall not be required to make a specific request to the applicable L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been issued, the L/C Revolving Lenders shall be deemed to have authorized (but may
not require) the applicable L/C Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the L/C Expiration Date; provided, however, that no L/C Issuer shall permit any such extension if
(A) such L/C Issuer has determined that it would not be permitted or would have no obligation at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the

  

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provisions of Section 2.03(a) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is five (5) Business Days
before the Non-Extension Notice Date from the Administrative Agent or the applicable Borrower that one or more of the applicable conditions specified in Section 5.02 is not then satisfied, and in each case directing such L/C Issuer not
to permit such extension. 
 (iv) Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to
an advising bank with respect thereto or to the beneficiary thereof, the applicable L/C Issuer will also deliver to the applicable Borrower and the Administrative Agent a true and complete copy of such Letter of Credit or amendment. 

(c) Drawings and Reimbursements; Funding of Participations. 

(i) Upon any drawing under any Letter of Credit, the applicable L/C Issuer shall notify the applicable Borrower and the Administrative
Agent thereof. In the case of a Letter of Credit denominated in Dollars, the Parent Borrower shall reimburse such L/C Issuer in Dollars. In the case of a Letter of Credit denominated in Sterling or euros, the applicable Borrower shall reimburse such
L/C Issuer in Sterling or Euros, as applicable. In the case of a Letter of Credit denominated in an Alternative Currency other than Sterling or Euros, the applicable Borrower shall reimburse such L/C Issuer in such Alternative Currency unless
(x) such L/C Issuer (at its option) shall have specified in such notice that it will require reimbursement in Dollars, or (y) in the absence of any such requirement for reimbursement in Dollars, the applicable Borrower shall have notified
such L/C Issuer promptly following receipt of the notice of drawing that the applicable Borrower will reimburse such L/C Issuer in Dollars. In the case of any such reimbursement in Dollars of a drawing as of the applicable Revaluation Date under a
Letter of Credit denominated in an Alternative Currency other than Sterling or Euros, such L/C Issuer shall notify the applicable Borrower of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof. Not later
than (x) 12:00 noon (New York time) on or prior to the date that is three (3) Business Days following the date that the applicable Borrower receives notice from any L/C Issuer of any payment by such L/C Issuer under a Letter of Credit to
be reimbursed in Dollars, and (y) the Applicable Time on or prior to the date that is three (3) Business Days following the date the applicable Borrower receives notice from any L/C Issuer of any payment by such L/C Issuer under a Letter
of Credit to be reimbursed in an Alternative Currency (each such date of payment by such L/C Issuer under a Letter of Credit, an “Honor Date”), the applicable Borrower shall reimburse such L/C Issuer through the Administrative Agent
in Dollars or in the applicable Alternative Currency, as the case may be, in an amount equal to the amount of such drawing; provided, that such Borrower, and the applicable L/C Issuer may, each in their discretion, with the consent of the
Administrative Agent and so long as such arrangements do not adversely affect the rights of any Lender in any material respect, enter into Letter of Credit cash collateral prefunding arrangements acceptable to them for the purpose of reimbursing
Letter of Credit draws. If the applicable Borrower does not to reimburse the applicable L/C Issuer on the Honor Date, the Administrative Agent, at the request of such L/C Issuer, shall promptly notify each L/C Revolving Lender as of the Honor Date
the Dollar Equivalent of such unreimbursed drawing (an “Unreimbursed Amount”) and the amount of such L/C Revolving Lender’s L/C Commitment Percentage thereof. 

(ii) Each L/C Revolving Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds available to the
Administrative Agent for the account of such L/C Issuer, in Dollars at the Administrative Agent’s Office for payments in Dollars in an amount equal to its L/C Commitment Percentage of such Unreimbursed Amount not later than 1:00 p.m. (Local
Time) on the Business Day specified in such notice by the Administrative Agent. With respect to any Unreimbursed Amount, the applicable Borrower shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in the amount of such
Unreimbursed Amount, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at (i) through and including the third Business Day following the Honor Date, the rate of interest applicable to Base
Rate Revolving Loans and (ii) thereafter, the Default Rate. In such event, each L/C Revolving Lender’s payment to the Administrative Agent for the account of such L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed
payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Revolving Lender in satisfaction of its participation obligation under this Section 2.03. 

(iii) Until an L/C Revolving Lender funds its L/C Advance pursuant to this Section 2.03(c) to reimburse the applicable L/C
Issuer for any amount drawn under any Letter of Credit, interest in respect of such L/C Revolving Lender’s L/C Commitment Percentage of such amount shall be solely for the account of such L/C Issuer. 

 

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 (iv) Each L/C Revolving Lender’s obligation to make L/C Advances to reimburse the
applicable L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim,
recoupment, defense or other right that such L/C Revolving Lender may have against such L/C Issuer, the Parent Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default or Event of Default,
(C) non-compliance with the conditions set forth in Section 5.02, or (D) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided that such L/C Issuer shall have complied with
the provisions of Section 2.03(b)(ii). No such making of an L/C Advance shall relieve or otherwise impair the obligation of each Borrower to reimburse any L/C Issuer for the amount of any payment made by such L/C Issuer under any Letter
of Credit, together with interest as provided herein. 
 (v) If any L/C Revolving Lender fails to make available to the
Administrative Agent for the account of the L/C Issuer any amount required to be paid by such L/C Revolving Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii),
such L/C Issuer shall be entitled to recover from such L/C Revolving Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such
payment is immediately available to such L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by such L/C Issuer in accordance with banking industry rules on interbank compensation, plus any
administrative, processing or similar fees customarily charged by such L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s L/C
Advance in respect of the relevant L/C Borrowing. A certificate of the applicable L/C Issuer submitted to any applicable L/C Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this clause
(vi) shall be conclusive absent manifest error. 
 (d) Repayment of Participations. 

(i) At any time after any L/C Issuer has made a payment under any Letter of Credit and has received from any L/C Revolving Lender such
L/C Revolving Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed Amount or
interest thereon (whether directly from the applicable Borrower or otherwise, including proceeds of cash collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such L/C Revolving Lender its L/C
Commitment Percentage (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such L/C Revolving Lender’s L/C Advance was outstanding), in the same currency in which such L/C Revolving Lender’s
L/C Advance was made and in the same type of funds as those received by the Administrative Agent. 
 (ii) If any payment
received by the Administrative Agent for the account of any L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 11.05 (including pursuant to any settlement
entered into by such L/C Issuer in its discretion), each L/C Revolving Lender shall pay to the Administrative Agent for the account of such L/C Issuer its L/C Commitment Percentage thereof on demand of the Administrative Agent, plus interest
thereon from the date of such demand to the date such amount is returned by such L/C Revolving Lender, at a rate per annum equal to the applicable Overnight Rate from time to time in effect. The obligations of the L/C Revolving Lenders under this
clause shall survive the payment in full of the Obligations and the termination of this Credit Agreement. 
 (e) Obligations
Absolute. The obligation of each Borrower to reimburse the applicable L/C Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in
accordance with the terms of this Credit Agreement under all circumstances, including the following: 
 (i) any
lack of validity or enforceability of such Letter of Credit, this Credit Agreement or any other Credit Document; 

(ii) the existence of any claim, counterclaim, setoff, defense or other right that any Borrower, any Subsidiary or BCV may
have at any time against any beneficiary or any transferee of such Letter of 
  

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Credit (or any Person for whom any such beneficiary or any such transferee may be acting), any L/C Issuer or any other Person, whether in connection with this Credit Agreement, the transactions
contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

(iii) any draft, demand, certificate or other document presented under such Letter of Credit proving to be forged,
fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of
Credit; 
 (iv) any payment by any L/C Issuer under such Letter of Credit against presentation of a draft or
certificate that does not strictly comply with the terms of such Letter of Credit; or any payment made by any L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the
benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; 

(v) any adverse change in the relevant exchange rates or in the availability of the relevant Alternative Currency to any
Borrower, any Subsidiary or BCV or in the relevant currency markets generally; or 
 (vi) any other circumstance
or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Borrower, any Subsidiary or BCV. 

The applicable Borrower shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to such
Borrower and, in the event of any claim of noncompliance with such Borrower’s instructions or other irregularity, such Borrower will immediately notify the applicable L/C Issuer. The Borrowers shall be conclusively deemed to have waived any
such claim against the applicable L/C Issuer and its correspondents unless such notice is given as aforesaid. 
 (f) Role of
the L/C Issuers in such Capacity. Each L/C Revolving Lender and each Borrower agree that, in paying any drawing under a Letter of Credit, no L/C Issuer shall have any responsibility to obtain any document (other than any sight draft,
certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document. None of any L/C Issuer,
the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of any L/C Issuer shall be liable to any L/C Revolving Lender for (i) any action taken or omitted in connection herewith at the
request or with the approval of the Required L/C Lenders; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or
instrument related to any Letter of Credit or Issuer Document. Each Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to such Borrower’s use of any Letter of Credit; provided,
however, that this assumption is not intended to, and shall not, preclude such Borrower’s pursuing such rights and remedies as such Borrower may have against the beneficiary or transferee at law or under any other agreement. None of any
L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of any L/C Issuer, shall be liable or responsible for any of the matters described in clauses (i) through
(vi) of Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, each Borrower shall have a claim against each L/C Issuer, and each L/C Issuer shall be liable to each
Borrower, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by such Borrower that are determined by a court of competent jurisdiction to have been caused by such L/C Issuer’s
willful misconduct or gross negligence or such L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions
of a Letter of Credit. In furtherance and not in limitation of the foregoing, each L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to
the contrary, and each L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to 

 

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transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, that may prove to be invalid or ineffective for any reason. 

(g) Cash Collateral. Upon the request of the Administrative Agent, (i) if any L/C Issuer has honored any full or partial
drawing request under any Letter of Credit and such drawing has resulted in a L/C Borrowing, or (ii) if, as of the L/C Expiration Date, any Letter of Credit may for any reason remain outstanding and partially or wholly undrawn the applicable
Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations (in an amount equal to such Outstanding Amount determined as of the date of such L/C Borrowing or the L/C Expiration Date, as the case may be). The
Administrative Agent may, at any time and from time to time after the initial deposit of cash collateral, request that additional cash collateral be provided in order to protect against the results of exchange rate fluctuations. For purposes hereof,
“Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the applicable L/C Issuer and the L/C Revolving Lenders, as collateral for such L/C Obligations, cash or deposit
account balances pursuant to customary documentation in form and substance reasonably satisfactory to the Administrative Agent and such L/C Issuer (which documents are hereby consented to by the Lenders). Derivatives of such term have corresponding
meanings. Cash collateral shall be maintained in blocked, interest bearing deposit accounts or money market fund accounts at the Administrative Agent. 

(h) Applicability of ISP. Unless otherwise expressly agreed by any L/C Issuer and the applicable Borrower when a Letter of Credit
is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each Letter of Credit. 

(i) Letters of Credit Issued for Subsidiaries and BCV. Notwithstanding that a Letter of Credit issued or outstanding hereunder is
in support of any obligations of, or is for the account of, BCV or any Subsidiary of the Parent Borrower, the Borrowers shall be obligated to reimburse the applicable L/C Issuer for any and all drawings under such Letter of Credit. The Borrowers
hereby acknowledge that the issuance of Letters of Credit for the account of the Parent Borrower’s Subsidiaries and BCV inures to the benefit of the Borrowers, and that each Borrower’s business derives substantial benefits from the
businesses of such Subsidiaries and BCV. 
 (j) Letter of Credit Fees. The Borrowers shall pay Letter of Credit Fees as
set forth in Section 2.09(b). 
 (k) Conflict with Issuer Documents. In the event of any conflict between the
terms hereof and the terms of any Issuer Document, the terms hereof shall control. 
 2.04 Additional Provisions with Respect to Swingline
Loans. 
 (a) Borrowing Procedures. Each Swingline Borrowing shall be made upon the Parent Borrower’s
irrevocable notice to the Swingline Lender and the Administrative Agent by delivery to the Swingline Lender and the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Parent Borrower.
Each such notice must be received by the Swingline Lender and the Administrative Agent not later than 2:00 p.m. (New York time) on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of
$100,000, and (ii) the requested borrowing date, which shall be a Business Day. Promptly after receipt by the Swingline Lender of any Loan Notice, the Swingline Lender will confirm with the Administrative Agent (by telephone or in writing) that
the Administrative Agent has also received such Loan Notice and, if not, the Swingline Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swingline Lender has received notice (by telephone or
in writing) from the Administrative Agent prior to 3:00 p.m. (New York time) on the date of the proposed Swingline Borrowing (A) directing the Swingline Lender not to make such Swingline Loan as a result of the limitations set forth in this
Article II, or (B) that one or more of the applicable conditions specified in Section 5.01 (if on the Closing Date) and Section 5.02 is not then satisfied, then, subject to the terms and conditions hereof, the
Swingline Lender will, not later than 4:00 p.m. (New York time) on the borrowing date specified in such Loan Notice, make the amount of its Swingline Loan available to the Parent Borrower at its office by crediting the account of the Parent Borrower
on the books of the Swingline Lender in immediately available funds. The Swingline Lender shall not be required to make any 
  

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Swingline Loan at any time when a Dollar Revolving Lender is a Defaulting Lender (except if all of the Swingline Exposure of such Defaulting Lender is reallocated pursuant to
Section 2.16). 
 (b) Refinancing. 

(i) The Swingline Lender at any time in its sole and absolute discretion may (and, in any event, within ten Business Days of the
applicable Swingline Borrowing, shall) request that each Dollar Revolving Lender fund its risk participations in Swingline Loans in an amount equal to such Dollar Revolving Lender’s Dollar Revolving Commitment Percentage of Swingline Loans then
outstanding. Each Dollar Revolving Lender shall make an amount equal to its Dollar Revolving Commitment Percentage of the amount specified in such notice available to the Administrative Agent in immediately available funds for the account of the
Swingline Lender at the Administrative Agent’s Office not later than 1:00 p.m. (New York time) on the day specified in such notice. The Administrative Agent shall remit the funds so received to the Swingline Lender. 

(ii) Each Dollar Revolving Lender’s funding of its risk participation in the relevant Swingline Loan and each Dollar Revolving
Lender’s payment to the Administrative Agent for the account of the Swingline Lender pursuant to Section 2.04(b)(i) shall be deemed payment in respect of such participation. 

(iii) If any Dollar Revolving Lender fails to make available to the Administrative Agent for the account of the Swingline Lender any
amount required to be paid by such Dollar Revolving Lender pursuant to the foregoing provisions of this Section 2.04(b) by the time specified in Section 2.04(b)(i), the Swingline Lender shall be entitled to recover from such
Dollar Revolving Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swingline Lender
at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the Swingline Lender in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily
charged by the Swingline Lender in connection with the foregoing. If such Dollar Revolving Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Dollar Revolving Lender’s funded participation in
the relevant Swingline Loan. A certificate of the Swingline Lender submitted to any Dollar Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest
error. 
 (iv) Each Dollar Revolving Lender’s obligation to purchase and fund risk participations in Swingline Loans
pursuant to this Section 2.04(b) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right that such Dollar Revolving Lender may
have against the Swingline Lender, the Parent Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default or Event of Default, (C) non-compliance with the conditions set forth in
Section 5.02, or (D) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided that Swingline Lender has complied with the provisions of Section 2.04(a). No such purchase
or funding of risk participations shall relieve or otherwise impair the obligation of the Parent Borrower to repay Swingline Loans, together with interest as provided herein. 

(c) Repayment of Participations. 

(i) At any time after any Dollar Revolving Lender has purchased and funded a risk participation in a Swingline Loan, if the Swingline
Lender receives any payment on account of such Swingline Loan, the Swingline Lender will distribute to such Dollar Revolving Lender its Dollar Revolving Commitment Percentage of such payment (appropriately adjusted, in the case of interest payments,
to reflect the period of time during which such Dollar Revolving Lender’s risk participation was funded) in the same funds as those received by the Swingline Lender. 

(ii) If any payment received by the Swingline Lender in respect of principal or interest on any Swingline Loan is required to be returned
by the Swingline Lender under any of the circumstances described in Section 11.05 (including pursuant to any settlement entered into by the Swingline Lender in its discretion), each Dollar Revolving Lender shall pay to the Swingline
Lender its Dollar Revolving Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is 

 

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returned, at a rate per annum equal to the Federal Funds Rate. The Administrative Agent will make such demand upon the request of the Swingline Lender. The obligations of the Dollar Revolving
Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Credit Agreement. 

(d) Interest for Account of Swingline Lender. The Swingline Lender shall be responsible for invoicing the Parent Borrower for
interest on the Swingline Loans. Until each Dollar Revolving Lender funds its risk participation pursuant to this Section 2.04 of any Swingline Loan, interest in respect thereof shall be solely for the account of the Swingline Lender.

 (e) Payments Directly to Swingline Lender. The Parent Borrower shall make all payments of principal and interest in
respect of the Swingline Loans directly to the Swingline Lender. 
 2.05 Repayment of Loans and B/As. 

(a) Revolving Loans and B/As. The Parent Borrower shall repay to the Dollar Revolving Lenders the Outstanding Amount of Dollar
Revolving Loans on the Revolving Termination Date. Each Borrower shall repay to the Limited Currency Revolving Lenders the Outstanding Amount of the Limited Currency Revolving Loans made to it on the Revolving Termination Date. Each Borrower shall
repay to the Multicurrency Revolving Lenders the Outstanding Amount of Multicurrency Revolving Loans made to it and B/As accepted hereunder on the Revolving Termination Date. 

(b) Swingline Loans. The Parent Borrower shall repay to the Swingline Lender the Outstanding Amount of the Swingline Loans on the
Revolving Termination Date. 
 (c) Term A Loans. On the last Business Day of each month listed in the table below, Parent
Borrower shall repay the aggregate principal amount of Term A Loans set forth opposite such month in such table. 
  

				
	 Date
	  	Principal
Amortization Payment

	 June 2010
	  	$	1,250,000
	 September 2010
	  	$	1,250,000
	 December 2010
	  	$	1,250,000
	 March 2011
	  	$	1,250,000
	 June 2011
	  	$	2,500,000
	 September 2011
	  	$	2,500,000
	 December 2011
	  	$	2,500,000
	 March 2012
	  	$	2,500,000
	 June 2012
	  	$	2,500,000
	 September 2012
	  	$	2,500,000
	 December 2012
	  	$	2,500,000
	 March 2013
	  	$	2,500,000
	 June 2013
	  	$	3,750,000
	 September 2013
	  	$	3,750,000
	 December 2013
	  	$	3,750,000
	 March 2014
	  	$	3,750,000
	 June 2014
	  	$	5,000,000
	 September 2014
	  	$	5,000,000
	 December 2014
	  	$	5,000,000
	 March 2015
	  	$	5,000,000
	 June 2015
	  	$	10,000,000
	 September 2015
	  	$	10,000,000
	 Term A Loan Termination Date
	  	$	20,000,000

 (d) Term B
Loans. On the last Business Day of each March, June, September and December, the Parent Borrower shall repay an aggregate principal amount of Term B Loans equal to 0.25% of the aggregate principal

  

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amount of all Term B Loans funded on the Closing Date, and on the Term B Loan Termination Date all Term B Loans that are outstanding on the Term B Loan Termination Date shall be repaid in full.

 2.06 Prepayments. 

(a) Voluntary Prepayments. The Loans may be repaid and amounts owed in respect of outstanding B/As may be cash collateralized in
whole or in part without premium or penalty (except, in the case of Loans other than Base Rate Loans, amounts payable pursuant to Section 3.05); provided that: 

(i) in the case of B/A Drawings and Loans other than Swingline Loans, (A) notice thereof must be received by 12:00
noon (Local Time) by the Applicable Agent at least three (3) Business Days prior to the date of prepayment, in the case of Eurodollar Rate Loans, and one (1) Business Day prior to the date of prepayment, in the case of Base Rate Loans and
B/A Drawings, (B) any such prepayment shall be a minimum principal amount of (q) $1.0 million and integral multiples of $1.0 million in excess thereof, in the case of Eurodollar Rate Loans denominated in Dollars,
(r) €1.0 million and integral multiples of €1.0 million in excess thereof, in the case of Eurodollar Rate Loans denominated in Euros, (s) £1.0 million and integral multiples of £1.0 million in
excess thereof, in the case of Eurodollar Rate Loans denominated in Sterling, (t) C$1.0 million and integral multiples of C$1.0 million in excess thereof, in the case of Eurodollar Rate Loans denominated in Canadian Dollars, (u) kr7.0
million and integral multiples of kr7.0 million in excess thereof, in the case of Eurodollar Rate Loans denominated in Swedish Krona, (v) AU$1.0 million and integral multiples of AU$1.0 million in excess thereof, in the case of Eurodollar Rate
Loans denominated in Australian Dollars, (w) ¥100.0 million and integral multiples of ¥100.0 million thereof, in the case of Eurodollar Rate Loans denominated in Japanese Yen, (x) CHF1.0 million and integral multiples of
CHF1.0 million thereof, in the case of Eurodollar Rate Loans denominated in Swiss Francs, (y) C$1.0 and integral multiples of C$100,000 in excess thereof, in the case of Base Rate Loans denominated in Canadian Dollars and B/As Drawings and
(z) $1,000,000 and integral multiples of $100,000 in excess thereof, in the case of Base Rate Loans denominated in Dollars, or, in each case the entire remaining principal amount thereof, if less; and 

(ii) in the case of Swingline Loans, (A) notice thereof must be received by the Swingline Lender by 1:00 p.m. (New
York time) on the date of prepayment (with a copy to the Administrative Agent), and (B) any such prepayment shall be in the same minimum principal amounts as for advances thereof (or any lesser amount that may be acceptable to the Swingline
Lender). 
 Each such notice of voluntary prepayment hereunder shall be irrevocable and shall specify the date and amount of such prepayment, or
amount owed in respect of an outstanding B/A Drawing or portion thereof to be cash collateralized, the Loans and Types of Loans that are being prepaid or B/A Drawings to be cash collateralized and, if Eurodollar Rate Loans are to be prepaid, the
Interest Period(s) of such Loans. The Applicable Agent will give prompt notice to the applicable Lenders of any prepayment on the Loans or cash collateralization of amounts owed in respect of outstanding B/As and the Lender’s interest therein.
Prepayments of Eurodollar Rate Loans hereunder shall be accompanied by accrued interest on the amount prepaid and breakage or other amounts due, if any, under Section 3.05. Notwithstanding the foregoing, a notice of voluntary prepayment
delivered by the Parent Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Parent Borrower (by notice to the Applicable Agent on or prior to the
specified effective date) if such condition is not satisfied. 
 (b) Mandatory Prepayments. Subject in each case to
Section 2.06(c): 
 (i) Revolving Commitments. 

(A) If at any time (1) the Outstanding Amount of Dollar Revolving Obligations shall exceed the Aggregate Dollar
Revolving Committed Amount, (2) the Outstanding Amount of Limited Currency Revolving Obligations shall exceed the Aggregate Limited Currency Revolving Committed Amount, (3) the Outstanding Amount of Multicurrency Revolving Obligations
shall exceed the Aggregate Multicurrency Revolving Committed Amount, (4) the Outstanding Amount of all Limited Currency Revolving 

 

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Obligations and Multicurrency Revolving Obligations denominated in an Alternative Currency shall exceed the Alternative Currency Sublimit, (5) the Outstanding Amount of Swingline Loans shall
exceed the Swingline Sublimit and (6) the L/C Obligations shall exceed the L/C Sublimit or the L/C Committed Amount (in each case, other than solely as a result of changes in Spot Rates) immediate prepayment or cash collateralization of amounts
owing in respect of outstanding B/As will be made on or in respect of the applicable Revolving Obligations in an amount equal to the difference; provided, however, that L/C Obligations will not be Cash Collateralized hereunder until
the Revolving Loans and Swingline Loans have been paid in full. If on any Revaluation Date and solely as a result of changes in Spot Rates, (i) the Outstanding Amount of Limited Currency Revolving Obligations shall exceed 105% of the Aggregate
Limited Currency Revolving Committed Amount, (ii) the Outstanding Amount of Multicurrency Revolving Obligations shall exceed 105% of the Aggregate Multicurrency Revolving Committed Amount or (iii) the Outstanding Amount of all Limited
Currency Revolving Obligations and Multicurrency Revolving Obligations denominated in an Alternative Currency shall exceed 105% of the Foreign Currency Sublimit, immediate prepayment or cash collateralization of amounts owing in respect of
outstanding B/As will be made on or in respect of the applicable Revolving Obligations in an amount equal to the difference. 

(B) If the Administrative Agent or an L/C Issuer notifies the Parent Borrower at any time that the Outstanding Amount of
all L/C Obligations (whether or not as a result of a change in Spot Rates) at such time exceeds an amount equal to 105% of the L/C Sublimit then in effect, then, within two (2) Business Days after receipt of such notice, the Parent Borrower
shall Cash Collateralize the L/C Obligations in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the L/C Sublimit. If the Administrative Agent or an L/C Issuer notifies
the Parent Borrower at any time that the Outstanding Amount of all L/C Obligations denominated in a Alternative Currency at such time exceeds an amount equal to 105% of the Alternative Currency L/C Sublimit then in effect, then, within two
(2) Business Days after receipt of such notice, the Parent Borrower shall Cash Collateralize the L/C Obligations in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of
the Alternative Currency L/C Sublimit. The Administrative Agent may, at any time and from time to time after the initial deposit of such cash collateral, request that additional cash collateral be provided in order to protect against the results of
further exchange rate fluctuations. 
 (ii) Subject Dispositions and Involuntary Dispositions. On or
before the applicable date set forth in the next sentence, prepayment will be made on the Loan Obligations in an amount equal to one hundred percent (100%) of the Net Cash Proceeds received from any Subject Disposition or Involuntary
Disposition by any member of the Consolidated Group occurring after the Closing Date, but solely to the extent (x) the Net Cash Proceeds received in such Subject Disposition (or series of related Subject Dispositions) or Involuntary Disposition
(or series of related Involuntary Dispositions) exceed $5.0 million, (y) the Net Cash Proceeds received in all Subject Dispositions or Involuntary Dispositions effected during the fiscal year in which the applicable Subject Disposition or
Involuntary Disposition takes place exceeds $10.0 million and (z) such Net Cash Proceeds are not used to, subject to compliance with Section 8.02, acquire, maintain, develop, construct, improve, upgrade or repair Property or make
Investments (other than inventory, accounts receivable, cash or Cash Equivalents) useful in the business of the Consolidated Group in any member of the Consolidated Group or to make investments in Permitted Acquisitions that are otherwise permitted
hereunder within twelve (12) months of the date of such Subject Disposition or Involuntary Disposition; provided that such a reinvestment shall not be permitted if an Event of Default shall have occurred and be continuing at the time the
Parent Borrower commits to make such reinvestment or, if no such commitment is made, the time the reinvestment is actually made, and in either such circumstance such Net Cash Proceeds shall be used to make prepayments on the Loans. Any such
prepayment from any Net Cash Proceeds required by the previous sentence shall be made (x) in the case of a Major Disposition in respect of which the notice referred to in Section 7.02(g) has not been delivered on or before the
fifteenth (15th) Business Day following the receipt of the Net Cash Proceeds from such Major Disposition or to the extent such notice does not indicate reinvestment is intended with the Net Cash Proceeds of such Major Disposition, on or before
the twenty-fifth (25th) Business Day following receipt of such Net Cash Proceeds and (y) in any other case, promptly after the Parent Borrower determines that it will not reinvest such Net Cash Proceeds in accordance with the terms and
limitations of the previous sentence, but in no event later than 
  

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366 days following the receipt of such Net Cash Proceeds. To the extent that the Parent Borrower has determined in good faith that repatriation to the United States of any or all the Net Cash
Proceeds of any Subject Disposition or Involuntary Disposition by a Foreign Subsidiary would have a material adverse tax consequence to the Parent Borrower and its Subsidiaries, the Net Cash Proceeds so affected may be retained by such Foreign
Subsidiary, provided that on or before the date on which any such Net Cash Proceeds would otherwise have been required to be applied to reinvestments or prepayments pursuant to the foregoing provisions of this Section 2.06(b)(ii),
the Parent Borrower applies an amount equal to such Net Cash Proceeds to such reinvestments or prepayments as if such Net Cash Proceeds had been received by the Parent Borrower rather than such Foreign Subsidiary, less the amount of additional taxes
(to the extent such taxes are not already deducted pursuant to the definition of Net Cash Proceeds) that would have been payable or reserved against if such Net Cash Proceeds had been repatriated to the United States. 

(iii) Indebtedness. Prepayment will be made on the Loan Obligations in an amount equal to one hundred percent
(100%) of the Net Cash Proceeds received from any incurrence or issuance of Indebtedness after the Closing Date (other than Indebtedness expressly permitted to be incurred or issued pursuant to Section 8.03). Any prepayment in
respect of such Indebtedness hereunder will be payable on the Business Day following receipt by the Parent Borrower or other members of the Consolidated Group of the Net Cash Proceeds therefrom. 

(iv) Consolidated Excess Cash Flow. If for any fiscal year of the Parent Borrower ending after December 31,
2010 there shall be Consolidated Excess Cash Flow, then, on a date that is no later five Business Days following the date that financial statements for such fiscal year are required to be delivered pursuant to Section 7.01(a), the Loan
Obligations shall be prepaid by an amount equal to the ECF Application Amount for such fiscal year less any voluntary prepayments of Term Loans made during such fiscal year (other than such voluntary prepayments that are funded by the proceeds of
Indebtedness). 
 (v) Eurodollar Prepayment Account. If the Parent Borrower is required to make a
mandatory prepayment of Eurodollar Rate Loans under this Section 2.06(b), so long as no Event of Default exists, the Parent Borrower shall have the right, in lieu of making such prepayment in full, to deposit an amount equal to such
mandatory prepayment with the Applicable Agent in a cash collateral account maintained (pursuant to documentation reasonably satisfactory to the Applicable Agent) by and in the sole dominion and control of the Applicable Agent. Any amounts so
deposited shall be held by the Applicable Agent as collateral for the prepayment of such Eurodollar Rate Loans and shall be applied to the prepayment of the applicable Eurodollar Rate Loans at the earliest of (x) the end of the current Interest
Periods applicable thereto, (y) three months following the date of such deposit and (z) at the election of the Applicable Agent, upon the occurrence of an Event of Default. At the request of the Parent Borrower, amounts so deposited shall
be invested by the Applicable Agent in Cash Equivalents maturing on or prior to the date or dates on which it is anticipated that such amounts will be applied to prepay such Eurodollar Rate Loans; any interest earned on such Cash Equivalents will be
for the account of the Parent Borrower and the Parent Borrower will deposit with the Applicable Agent the amount of any loss on any such Cash Equivalents to the extent necessary in order that the amount of the prepayment to be made with the
deposited amounts may not be reduced. 
 (c) Application. Within each Loan, prepayments will be applied first to Base
Rate Loans, then to Eurodollar Rate Loans in direct order of Interest Period maturities. In addition: 
 (i)
Voluntary Prepayments of Loans. Prepayments of the Term A Loans or Term B Loans pursuant to Section 2.06(a) shall be applied to either tranche of Term Loans as directed by the Parent Borrower (and, within such tranche, shall be
applied to the payments required under Section 2.05(c) (in the case of the Term A Loans) and Section 2.05(d) (in the case of Term B Loans) as directed by the Parent Borrower). Voluntary prepayments on the Loan Obligations
will be paid by the Administrative Agent to the Lenders ratably in accordance with their respective interests therein. 
  

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 (ii) Mandatory Prepayments of Loans. Mandatory prepayments on the
Loan Obligations will be paid by the Applicable Agent to the Lenders ratably in accordance with their respective interests therein; provided that: 

(A) Mandatory prepayments in respect of the Revolving Commitments under subsection (b)(i)(A) above shall be applied
to the respective Revolving Obligations as appropriate. 
 (B) Mandatory prepayments in respect of Subject
Dispositions and Involuntary Dispositions under subsection (b)(ii) above, Indebtedness under subsection (b)(iii) and Consolidated Excess Cash Flow under subsection (b)(iv) above shall be applied (i) first to the Term A
Loans and Term B Loans (pro rata based on the amount of each such tranche of Loans then outstanding and, within such tranche, shall be applied on a pro rata basis to the payments required under Section 2.05(c) (in the case of the Term A
Loans) and Section 2.05(d) (in the case of Term B Loans)), then (ii) to the Revolving Obligations (without permanent reduction of the Revolving Commitments). 

(iii) Cash Collateralization of B/A Drawings. Amounts to be applied pursuant to this Section 2.06 or
Article IX to cash collateralize amounts to become due with respect to outstanding B/As shall be deposited in the Prepayment Account (as defined below). The Canadian Agent shall apply any cash deposited in the Prepayment Account allocable to
amounts to become due in respect of B/As on the last day of their respective Contract Periods until all amounts due in respect of outstanding B/As have been prepaid or until all the allocable cash on deposit has been exhausted. For purposes of this
Credit Agreement, the term “Prepayment Account” means an account established by a Canadian Borrower with the Canadian Agent and over which the Canadian Agent shall have exclusive dominion and control, including the exclusive right
of withdrawal for application in accordance with this paragraph (iii). The Canadian Agent will, at the request of such Canadian Borrower, invest amounts on deposit in the Prepayment Account in short-term, cash equivalent investments selected by the
Canadian Agent in consultation with such Canadian Borrower that mature prior to the last day of the applicable Contract Periods of the B/As to be prepaid; provided that the Canadian Agent shall have no obligation to invest amounts on deposit
in the Prepayment Account if an Event of Default shall have occurred and be continuing. The Borrowers shall indemnify the Canadian Agent for any losses relating to the investments so that the amount available to prepay amounts due in respect of B/As
on the last day of the applicable Contract Period is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any interest earned on such investments (which shall be for the account of such
Canadian Borrower, to the extent not necessary for the prepayment of B/As in accordance with this Section 2.06 and Article IX), the Prepayment Account shall not bear interest. Interest or profits, if any, on such investments shall
be deposited in the Prepayment Account and reinvested and disbursed as specified above. If the maturity of the Loans and all amounts due hereunder has been accelerated pursuant to Article IX, the Canadian Agent may, in its sole discretion,
apply all amounts on deposit in the Prepayment Account to satisfy any of the Obligations in respect of the Loans, Unreimbursed Amounts and B/As (and each Borrower hereby grants to the Canadian Agent a security interest in its Prepayment Account to
secure such Obligations). 
 2.07 Termination or Reduction of Commitments. 

The Commitments hereunder may be permanently reduced in whole or in part by notice from the Parent Borrower to the Administrative Agent;
provided that (i) any such notice thereof must be received by 12:00 noon (New York time) at least five (5) Business Days prior to the date of reduction or termination and any such reduction or terminations shall be in a minimum
amount of $1.0 million and integral multiples of $1.0 million in excess thereof; and (ii) the Commitments may not be reduced to an amount less than the Outstanding Amount of Loan Obligations then outstanding thereunder. The Administrative Agent
will give prompt notice to the Lenders of any such reduction in Commitments. Any reduction of any Commitments shall be applied to the Commitment of each applicable Lender according to its Pro Rata Share. All commitment or other fees accrued with
respect to any Commitment through the effective date of any termination thereof shall be paid on the effective date of such termination. A notice of termination of the Commitments delivered by the Parent Borrower may state that such notice is
conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Parent 

 

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Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. 

2.08 Interest. 

(a) Subject to the provisions of subsection (b) below, (i) each Eurodollar Rate Loan shall bear interest on the
outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Adjusted Eurodollar Rate for such Interest Period plus the Applicable Percentage; (ii) each Loan that is a Base Rate Loan shall bear interest
on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Percentage; and (iii) each Swingline Loan shall bear interest on the outstanding principal
amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Percentage. 

(b) If any amount payable by the Borrowers under any Credit Document is not paid when due, then such amount shall thereafter bear
interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Law. 

(c) Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and payable upon demand.

 (d) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such
other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and after the commencement of any proceeding under any Debtor Relief Law. 

2.09 Fees. 
 (a)
Commitment Fees. The Parent Borrower shall pay to the Administrative Agent for the account of (x) each Dollar Revolving Lender in accordance with its Dollar Revolving Commitment Percentage, a commitment fee equal to 0.50% per annum
times the actual daily amount by which the Aggregate Dollar Revolving Committed Amount exceeds the sum of (i) the Outstanding Amount of Dollar Revolving Loans (but not, for the avoidance of doubt, any Swingline Loans) and (ii) the
Outstanding Amount of Dollar Facility L/C Obligations, (y) each Limited Currency Revolving Lender in accordance with its Limited Currency Revolving Commitment Percentage, a commitment fee equal to 0.50% per annum times the actual daily
amount by which the Aggregate Limited Currency Revolving Committed Amount exceeds the sum of (i) the Outstanding Amount of Limited Currency Revolving Loans and (ii) the Outstanding Amount of Limited Currency Facility L/C Obligations and
(z) each Multicurrency Revolving Lender in accordance with its Multicurrency Revolving Commitment Percentage, a commitment fee equal to 0.50% per annum times the actual daily amount by which the Aggregate Multicurrency Revolving Committed
Amount exceeds the Outstanding Amount of Multicurrency Revolving Loans (such fees, collectively, the “Commitment Fees”). The Commitment Fees shall accrue from and including the Closing Date, and shall be due and payable quarterly in
arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date. The Commitment Fees shall be calculated quarterly in arrears. 

(b) Letter of Credit Fees. 

(i) Letter of Credit Fees. The Parent Borrower shall pay to the Administrative Agent, for the account of each L/C Revolving Lender
in accordance with its L/C Commitment Percentage, a Letter of Credit fee, in Dollars, for each Letter of Credit, an amount equal to the Applicable Percentage for Revolving Loans that are Eurodollar Loans multiplied by the daily maximum undrawn
Outstanding Amount under such Letter of Credit (the “Letter of Credit Fees”). For purposes of computing the daily undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in
accordance with Section 1.10. The Letter of Credit Fees shall be computed on a quarterly basis in arrears, and shall be due and payable on the tenth (10th) day of each January, April, July and October (for the Letter of Credit Fees
accrued during the previous calendar quarter), commencing with the first such date to occur after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demand. If there is any change in the Applicable Percentage during
any quarter, the daily amount available to be 
  

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drawn under each Letter of Credit shall be computed and multiplied by the Applicable Percentage separately for each period during such quarter that such Applicable Percentage was in effect.
Notwithstanding anything to the contrary contained herein, while any Event of Default has occurred and is continuing under Section 9.01(a), (f) or (h), all Letter of Credit Fees shall accrue at the Default Rate.

 (ii) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Parent Borrower shall pay
directly to each L/C Issuer for its own account a fronting fee with respect to each Letter of Credit issued by it, 0.125% of the daily undrawn Outstanding Amount under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be
due and payable on the tenth (10th) day of each January, April, July and October (for fronting fees accrued during the previous calendar quarter or portion thereof, in the case of the first payment), commencing with the first such date to occur
after the issuance of such Letter of Credit, on the L/C Expiration Date and thereafter on demand. For purposes of computing the daily undrawn Outstanding Amount under any Letter of Credit, the amount of such Letter of Credit shall be determined in
accordance with Section 1.10. In addition, the applicable Borrower shall pay directly to each L/C Issuer for its own account the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges,
of the applicable L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable. 

(c) B/A Fees. Each Canadian Borrower agrees to pay to the Canadian Agent, in Dollars, for the account of each Multicurrency
Revolving Lender, on each date on which a B/A drawn by such Canadian Borrower is accepted hereunder an acceptance fee (the “B/A Fee”) computed by multiplying the Dollar Equivalent of the face amount of each such B/A by the product
of (i) the Applicable Percentage for B/A Drawings on such date multiplied by (ii) a fraction, the numerator of which is the number of days in the Contract Period applicable to such B/A and the denominator of which is 365. 

(d) Other Fees. The Parent Borrower shall pay to JPMCB, the Lead Arrangers, Goldman Sachs Lending Partners LLC and Deutsche Bank
Trust Company Americas, for their own respective accounts, fees in the amounts and at the times specified in the Engagement Letter. The Parent Borrower shall also pay to the Administrative Agent, for its own account, fees in the amounts and at the
times specified in the Administrative Agent Fee Letter. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

The applicable Borrower shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and at the
times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 
 2.10 Computation
of Interest and Fees. 
 All computations of interest for Base Rate loans denominated in Canadian Dollars and Base Rate
Loans denominated in Dollars when the Base Rate is determined by JPMCB’s prime rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall be made
on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year), or, in the case of interest in respect of Eurodollar Loans denominated in
Alternative Currencies as to which market practice differs from the foregoing, in accordance with such market practice. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof,
for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.11(a), bear interest for one (1) day. Each determination by the
Applicable Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 2.11
Payments Generally; Applicable Agent’s Clawback. 
 (a) General. All payments to be made by any Credit
Party hereunder shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. All payments of principal and interest on any Loan shall be payable in the same currency as such Loan is denominated. All payments of
fees pursuant to Section 2.09 shall be payable in Dollars. All payments in respect of Unreimbursed Amounts shall be payable in the currency 

 

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provided in Section 2.03. All other payments herein shall be payable in the currency specified with respect to such payment or, if the currency is not specified, in Dollars. Except as
otherwise expressly provided herein, all payments by the Borrowers shall be made to the Applicable Agent, for the account of the Lenders to which such payment is owed, at the Applicable Agent’s Office in Same Day Funds not later than 3:00 p.m.
Local Time on the date specified herein. The Applicable Agent will promptly distribute to each Lender its Pro Rata Share of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the
Applicable Agent after 3:00 p.m. Local Time shall be deemed received on the immediately succeeding Business Day and any applicable interest or fee shall continue to accrue. Subject to the definition of “Interest Period,” if any payment to
be made by the Borrowers shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be. 

(b) (i) Funding by Lenders; Presumption by Applicable Agent. Unless the Applicable Agent shall have received notice from a Lender
prior to the proposed time of any Borrowing or acceptance and purchase of B/As that such Lender will not make available to the Applicable Agent such Lender’s share of such Borrowing or the applicable Discount Proceeds (net of applicable
acceptance fees), the Applicable Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 and may, in reliance upon such assumption, make available to the applicable Borrower a
corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing or the applicable Discount Proceeds (net of applicable acceptance fees) available to the Applicable Agent, then the applicable Lender and the
applicable Borrower severally agree to pay to the Applicable Agent forthwith on demand such corresponding amount in Same Day Funds with interest thereon, for each day from and including the date such amount is made available to such Borrower to but
excluding the date of payment to the Applicable Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules
on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing and (B) in the case of a payment to be made by such Borrower, the interest rate
applicable to Base Rate Loans. If such Borrower and such Lender shall pay such interest to the Applicable Agent for the same or an overlapping period, the Applicable Agent shall promptly remit to such Borrower the amount of such interest paid by
such Borrower for such period. If such Lender pays its share of the applicable Borrowing to the Applicable Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing or such Lender’s acceptance and
purchase of B/As. Any payment by any Borrower shall be without prejudice to any claim such Borrower may have against a Lender that shall have failed to make such payment to the Applicable Agent. 

(ii) Payments by the Borrowers; Presumptions by Applicable Agent. Unless the Applicable Agent shall have received notice from the
applicable Borrower prior to the date on which any payment is due to the Applicable Agent for the account of the Lenders or the applicable L/C Issuer hereunder that the applicable Borrower will not make such payment, the Applicable Agent may assume
that the applicable Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the applicable Lenders or the applicable L/C Issuer, as the case may be, the amount due. In such event,
if the applicable Borrower has not in fact made such payment, then each of the Lenders or the L/C Issuers, as the case may be, receiving any such payment severally agrees to repay to the Applicable Agent forthwith on demand the amount so distributed
to such Lender or L/C Issuer, in Same Day Funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Applicable Agent, at the greater of the Federal Funds Rate
and a rate determined by the Applicable Agent in accordance with banking industry rules on interbank compensation. 
 A notice
of the Applicable Agent to any Lender or any Borrower with respect to any amount owing under this subsection (b) shall be conclusive, absent manifest error. 

(c) Failure to Satisfy Conditions Precedent. If any Lender makes available to the Applicable Agent funds for any Loan to be made
by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the applicable Borrower by the Applicable Agent because the conditions to the applicable Credit Extension set forth in
Article V are not satisfied or waived in accordance with the terms hereof, the Applicable Agent shall return such funds (in like funds as received from such Lender) to such Lender, without interest. 

 

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 (d) Obligation of the Lenders Several. The obligations of the Lenders hereunder to
make Loans, to accept and purchase B/As, to fund participations in Letters of Credit and Swingline Loans and to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make any Loan, to fund any
such participation or to make any payment under Section 11.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure
of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 11.04(c). 

(e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place
or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

(f) Insufficient Funds. If at any time insufficient funds are received by and available to the Applicable Agent to pay fully all
amounts of principal, L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the
amounts of interest and fees then due to such parties, and (ii) second, toward payment of principal and L/C Borrowings then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and L/C
Borrowings then due to such parties. 
 2.12 Sharing of Payments by Lenders. 

If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of or
interest on any of the Loans made by it, amounts owing to it in respect of any B/A Drawing or the participations in L/C Obligations or in Swingline Loans held by it resulting in such Lender’s receiving payment of a proportion of the aggregate
amount of such Loans, amounts owing in respect of any B/A Drawing or participations and accrued interest thereon greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall (a) notify the
Applicable Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans, amounts owing in respect of any B/A Drawing and subparticipations in L/C Obligations and Swingline Loans of the other Lenders, or make such
other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans and other amounts owing
them, provided that: 
 (i) if any such participations or subparticipations are purchased and all or any
portion of the payment giving rise thereto is recovered, such participations or subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(ii) the provisions of this Section shall not be construed to apply to (x) any payment made by any Borrower pursuant
to and in accordance with the express terms of this Credit Agreement or (y) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans, amounts owing to it in respect of any B/A
Drawing or subparticipations in L/C Obligations or Swingline Loans to any assignee or participant, other than to any Borrower or any Affiliate thereof (as to which the provisions of this Section shall apply). 

Each Credit Party consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against such Credit Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Credit Party in the amount of
such participation. 
 Notwithstanding anything to the contrary contained herein, the provisions of this
Section 2.12 shall be subject to the express provisions of this Agreement which require, or permit, differing payments to be made to non-Defaulting Lenders as opposed to Defaulting Lenders. 

2.13 Evidence of Debt. 

(a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and
evidenced by one or more entries in the Register maintained by the Administrative 
  

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Agent, acting solely for purposes of Treasury Regulation Section 5f.103-1(c) as a non-fiduciary agent for the Borrowers, in each case in the ordinary course of business. Each other Agent
shall promptly provide the Administrative Agent with all information needed to maintain such accounts in respect of the Loans or B/A Drawings administered by such Agent. The accounts or records maintained by the Administrative Agent and each Lender
shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrowers and the interest and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise
affect the obligation of any Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent
in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through the Administrative Agent, the applicable Borrower shall execute and deliver
to the Administrative Agent a Note for such Lender, which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and
maturity of its Loans and payments with respect thereto. 
 (b) In addition to the accounts and records referred to in
subsection (a) above, each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records and, in the case of the Administrative Agent, entries in the Register, evidencing the purchases and
sales by such Lender of participations in Letters of Credit and Swingline Loans. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such
matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. 
 (c) Each Lender
having sold a participation in any of its Obligations, acting solely for this purpose as a non-fiduciary agent for the Borrowers, shall maintain a register for the recordation of the names and addresses of such Participants (and each change thereto,
whether by assignment or otherwise) and the rights, interest or obligation of such Participants in any Obligation, in any Commitment and in any right to receive any payments hereunder. 

2.14 CAM Exchange. 

(a) On the Revolving CAM Exchange Date, (i) the Revolving Commitments shall automatically and without further act be terminated in
accordance with Section 9.02; (ii) each Dollar Revolving Lender shall fund its participation in any outstanding Swingline Loans in accordance with Section 2.04(b); (iii) each L/C Revolving Lender shall fund its L/C
Advance in any outstanding L/C Borrowings; and (iv) the Revolving Lenders shall purchase at par (and in the currencies in which such Designated Revolving Obligations are denominated) interests in the Designated Revolving Obligations under each
Revolving Facility (and shall make payments to the Applicable Agent for reallocation to other Revolving Lenders to the extent necessary to give effect to such purchase) and shall assume obligations to reimburse the applicable L/C Issuer for L/C
Borrowings such that, after giving effect to such payments, each Revolving Lender shall own an interest equal to such Revolving Lender’s Revolving CAM Percentage in the Designated Revolving Obligations under each Revolving Facility and shall
have the obligation to reimburse each L/C Issuer for its Revolving CAM Percentage of each L/C Borrowing. It is understood and agreed that Revolving Lenders holding interests in B/As on the Revolving CAM Exchange Date shall discharge the obligations
to fund such B/As at maturity in exchange for the interests acquired by such Revolving Lenders in funded Revolving Loans in the CAM Exchange. Each Revolving Lender and each Person acquiring a participation from any Revolving Lender as contemplated
by Section 11.06 hereby consents and agrees to the Revolving CAM Exchange. Each of the Revolving Lenders agrees from time to time to execute and deliver to the Administrative Agent all such promissory notes and other instruments and
documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests and obligations of the Revolving Lenders after giving effect to the Revolving CAM Exchange, and each Revolving Lender agrees to surrender
any promissory notes originally received by it in connection with its Revolving Loans under this Credit Agreement to the Administrative Agent against delivery of any promissory notes so executed and delivered; provided that the failure of any
Revolving Lender to deliver or accept any such promissory note, instrument or document shall not affect the validity or effectiveness of the Revolving CAM Exchange. 

(b) As a result of the Revolving CAM Exchange, from and after the Revolving CAM Exchange Date, each payment received by the Applicable
Agent pursuant to any Credit Document in respect of the Designated Revolving 
  

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Obligations shall be distributed to the Revolving Lenders on a pro rata basis in accordance with their respective Revolving CAM Percentages. 

(c) In the event that on or after the Revolving CAM Exchange, an L/C Borrowing is made under any Letter of Credit that is not reimbursed
by the applicable Borrower, each Revolving Lender shall provide its L/C Advance to such L/C Issuer for its Revolving CAM Percentage of such L/C Borrowing. 

(d) This Section 2.14 shall only apply if there are Foreign Credit Parties on the Revolving CAM Exchange Date. 

2.15 Canadian Bankers’ Acceptances. 

(a) Each acceptance and purchase of B/As of a single Contract Period pursuant to Sections 2.01 or 2.02 shall be made ratably
by the Multicurrency Revolving Lenders in accordance with their Multicurrency Revolving Commitment Percentage. The failure of any Multicurrency Revolving Lender to accept any B/A required to be accepted by it shall not relieve any other
Multicurrency Revolving Lender of its obligations hereunder; provided that the Multicurrency Revolving Commitments are several and no Multicurrency Revolving Lender shall be responsible for any other Multicurrency Revolving Lender’s
failure to accept B/As as required. 
 (b) The B/As of a single Contract Period accepted and purchased on any date shall be in
an aggregate amount that is an integral multiple of C$1,000,000 and not less than C$5,000,000. The face amount of each B/A shall be C$100,000 or any whole multiple thereof. If any Multicurrency Revolving Lender’s ratable share of the B/As of
any Contract Period to be accepted on any date would not be an integral multiple of C$100,000, the face amount of the B/As accepted by such Multicurrency Revolving Lender may be increased or reduced to the nearest integral multiple of C$100,000 by
the Canadian Agent in its sole discretion. B/As of more than one Contract Period may be outstanding at the same time; provided that there shall not at any time be more than a total of five (5) B/A Drawings outstanding. 

(c) To request an acceptance and purchase of B/As, a Canadian Borrower shall notify the Canadian Agent of such request by telephone or by
telecopy not later than 10:00 a.m., Local Time, one Business Day before the date of such acceptance and purchase. Each such Loan Notice shall be irrevocable and, if telephonic, shall be confirmed promptly by hand delivery or telecopy to the Canadian
Agent of a written request in a form approved by the Canadian Agent and signed by such Canadian Borrower. Each such Loan Notice shall specify the following information: 

(i) the aggregate face amount of the B/As to be accepted and purchased; 

(ii) the date of such acceptance and purchase, which shall be a Business Day; 

(iii) the Contract Period to be applicable thereto, which shall be a period contemplated by the definition of the term
“Contract Period” (and which shall in no event end after the Revolving Termination Date); and 
 (iv)
the location and number of the applicable Canadian Borrower’s account to which any funds are to be disbursed, which shall comply with the requirements of Section 2.02. If no Contract Period is specified with respect to any requested
acceptance and purchase of B/As, then the Canadian Borrower shall be deemed to have selected a Contract Period of 30 days’ duration. 

Promptly following receipt of a Loan Notice in accordance with this paragraph, the Canadian Agent shall advise each Multicurrency Revolving Lender of the
details thereof and of the amount of B/As to be accepted and purchased by such Multicurrency Revolving Lender. 
 (d) Each
Canadian Borrower hereby appoints each Multicurrency Revolving Lender as its attorney to sign and endorse on its behalf, manually or by facsimile or mechanical signature, as and when deemed necessary by such Multicurrency Revolving Lender, blank
forms of B/As. It shall be the responsibility of each Multicurrency 
  

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Revolving Lender to maintain an adequate supply of blank forms of B/As for acceptance under this Credit Agreement. Each Canadian Borrower recognizes and agrees that all B/As signed and/or
endorsed on its behalf by any Multicurrency Revolving Lender shall bind such Canadian Borrower as fully and effectually as if manually signed and duly issued by authorized officers of such Canadian Borrower. Each Multicurrency Revolving Lender is
hereby authorized to issue such B/As endorsed in blank in such face amounts as may be determined by such Multicurrency Revolving Lender; provided that the aggregate face amount thereof is equal to the aggregate face amount of B/As required to
be accepted by such Multicurrency Revolving Lender. No Multicurrency Revolving Lender shall be liable for any damage, loss or claim arising by reason of any loss or improper use of any such instrument unless such loss or improper use results from
the gross negligence or willful misconduct of such Multicurrency Revolving Lender. Each Multicurrency Revolving Lender shall maintain a record with respect to B/As (i) received by it from the Canadian Agent in blank hereunder, (ii) voided
by it for any reason, (iii) accepted and purchased by it hereunder and (iv) canceled at their respective maturities. Each Multicurrency Revolving Lender further agrees to retain such records in the manner and for the periods provided in
applicable provincial or Federal statutes and regulations of Canada and to provide such records to each Canadian Borrower upon its request and at its expense. Upon request by any Canadian Borrower, a Multicurrency Revolving Lender shall cancel all
forms of B/A that have been pre-signed or pre-endorsed on behalf of such Canadian Borrower and that are held by such Multicurrency Revolving Lender and are not required to be issued pursuant to this Credit Agreement. 

(e) Drafts of each Canadian Borrower to be accepted as B/As hereunder shall be signed as set forth in paragraph (d) above.
Notwithstanding that any Person whose signature appears on any B/A may no longer be an authorized signatory for any of the Multicurrency Revolving Lenders or such Canadian Borrower at the date of issuance of such B/A, such signature shall
nevertheless be valid and sufficient for all purposes as if such authority had remained in force at the time of such issuance and any such B/A so signed shall be binding on such Canadian Borrower. 

(f) Upon acceptance of a B/A by a Multicurrency Revolving Lender, such Multicurrency Revolving Lender shall purchase, or arrange the
purchase of, such B/A from the applicable Canadian Borrower at the Discount Rate for such Multicurrency Revolving Lender applicable to such B/A accepted by it and provide to the Canadian Agent the Discount Proceeds for the account of such Canadian
Borrower as provided in Section 2.02. The acceptance fee payable by the applicable Canadian Borrower to a Multicurrency Revolving Lender under Section 2.09 in respect of each B/A accepted by such Multicurrency Revolving
Lender shall be set off against the Discount Proceeds payable by such Multicurrency Revolving Lender under this paragraph. Notwithstanding the foregoing, in the case of any B/A Drawing resulting from the conversion or continuation of a B/A Drawing
or Multicurrency Revolving Loan pursuant to Section 2.02, the net amount that would otherwise be payable to such Canadian Borrower by each Lender pursuant to this paragraph will be applied as provided in Section 2.02(f).

 (g) Each Multicurrency Revolving Lender may at any time and from time to time hold, sell, rediscount or otherwise dispose of
any or all B/A’s accepted and purchased by it. 
 (h) Each B/A accepted and purchased hereunder shall mature at the end of
the Contract Period applicable thereto. 
 (i) Each Canadian Borrower waives presentment for payment and any other defense to
payment of any amounts due to a Multicurrency Revolving Lender in respect of a B/A accepted and purchased by it pursuant to this Credit Agreement which might exist solely by reason of such B/A being held, at the maturity thereof, by such
Multicurrency Revolving Lender in its own right and each Canadian Borrower agrees not to claim any days of grace if such Multicurrency Revolving Lender as holder sues each Canadian Borrower on the B/A for payment of the amounts payable by such
Canadian Borrower thereunder. On the specified maturity date of a B/A, or such earlier date as may be required pursuant to the provisions of this Credit Agreement, each Canadian Borrower shall pay the Multicurrency Revolving Lender that has accepted
and purchased such B/A the full face amount of such B/A, and after such payment such Canadian Borrower shall have no further liability in respect of such B/A and such Multicurrency Revolving Lender shall be entitled to all benefits of, and be
responsible for all payments due to third parties under, such B/A. 
  

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 (j) At the option of each Canadian Borrower and any Multicurrency Revolving Lender, B/As
under this Credit Agreement to be accepted by such Multicurrency Revolving Lender may be issued in the form of depository bills for deposit with The Canadian Depository for Securities Limited pursuant to the Depository Bills and Notes Act (Canada).
All depository bills so issued shall be governed by the provisions of this Section 2.15. 
 (k) If a Multicurrency
Revolving Lender is not a chartered bank under the Bank Act (Canada) or if a Multicurrency Revolving Lender notifies the Canadian Agent in writing that it is otherwise unable to accept B/As, such Multicurrency Revolving Lender will, instead of
accepting and purchasing B/As, make a Loan (a “B/A Equivalent Loan”) to the applicable Canadian Borrower in the amount and for the same term as the draft which such Multicurrency Revolving Lender would otherwise have been required
to accept and purchase hereunder. Each such Multicurrency Revolving Lender will provide to the Canadian Agent the Discount Proceeds of such B/A Equivalent Loan for the account of the applicable Canadian Borrower in the same manner as such
Multicurrency Revolving Lender would have provided the Discount Proceeds in respect of the draft which such Multicurrency Revolving Lender would otherwise have been required to accept and purchase hereunder. Each such B/A Equivalent Loan will bear
interest at the same rate which would result if such Multicurrency Revolving Lender had accepted (and been paid an acceptance fee) and purchased (on a discounted basis) a B/A for the relevant Contract Period (it being the intention of the parties
that each such B/A Equivalent Loan shall have the same economic consequences for the Multicurrency Revolving Lenders and the applicable Canadian Borrower as the B/A which such B/A Equivalent Loan replaces). All such interest shall be paid in advance
on the date such B/A Equivalent Loan is made, and will be deducted from the principal amount of such B/A Equivalent Loan in the same manner in which the Discount Proceeds of a B/A would be deducted from the face amount of the B/A. Subject to the
repayment requirements of this Credit Agreement, on the last day of the relevant Contract Period for such B/A Equivalent Loan, the applicable Canadian Borrower shall be entitled to convert each such B/A Equivalent Loan into another type of
Multicurrency Revolving Loan, or to roll over each such B/A Equivalent Loan into another B/A Equivalent Loan, all in accordance with the applicable provisions of this Credit Agreement. 

2.16 Defaulting Lenders. 

Notwithstanding any provision of this Credit Agreement to the contrary, if any Lender becomes a Defaulting Lender hereunder (as determined
by the Administrative Agent or, in the case of clause (d) below, any applicable L/C Issuer), then the following provisions shall apply for so long as such Defaulting Lender is a Defaulting Lender: 

(a) the Administrative Agent (or the applicable L/C Issuer, as the case may be) shall promptly notify the Parent Borrower
and each Lender that such Lender is a Defaulting Lender for purposes of this Credit Agreement; 
 (b) fees under
Section 2.09(a) shall cease to accrue on the Commitment of such Defaulting Lender (except to the extent reallocated pursuant to Section 2.16(e)); 

(c) the Commitments and Loans of such Defaulting Lender shall be disregarded for all purposes of any determination of
whether the Required Lenders, Required Revolving Lenders, Required Dollar Revolving Lenders, Required L/C Lenders, Required Limited Currency Revolving Lenders, Required Multicurrency Revolving Lenders, Required Term A Lenders or Required Term B
Lenders have taken or may take any action hereunder (including any consent to any amendment or waiver pursuant to Section 11.01); 

(d) if any Swingline Loan or Letter of Credit is outstanding at the time the notice described in clause (a) above is
provided, the Parent Borrower shall within one Business Day following notice by the Administrative Agent (i) prepay such Swingline Loan and (ii) cash collateralize such Defaulting Lender’s L/C Obligations in accordance with
Section 2.03(a)(ii)(F) and on terms similar to the procedures set forth in Section 2.03(g) for so long as such L/C Obligations are outstanding; provided that (A) to the extent the sum of the total Dollar Revolving
Obligations (other than any Dollar Revolving Obligations constituting outstanding Dollar Revolving Loans made by any Defaulting Lender but including each Defaulting Lender’s Dollar Facility L/C Obligations and Swingline Exposure) does not
exceed the sum of the total Dollar Revolving Commitments (excluding the Dollar Revolving Commitment of any Defaulting Lender 
  

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except to the extent of any outstanding Dollar Revolving Loans of such Defaulting Lender), the Administrative Agent may, by notice to the Dollar Revolving Lenders, elect to reallocate the
Swingline Exposure among all non-Defaulting Lenders under the Dollar Revolving Facility by disregarding the Dollar Revolving Commitments of all Defaulting Lenders (except to the extent of any outstanding Dollar Revolving Loans of such Defaulting
Lenders) for purposes of calculating each non-Defaulting Lender’s Dollar Revolving Commitment Percentage, and to the extent the Administrative Agent elects to require such reallocation in accordance with the foregoing, no such Swingline Loan
shall be required to be repaid pursuant to this Section 2.16(d) to the extent of such reallocation and (B) to the extent the sum of the total Dollar Revolving Obligations (other than any Dollar Revolving Obligations constituting
outstanding Dollar Revolving Loans made by any Defaulting Lender but including each Defaulting Lender’s Dollar Facility L/C Obligations and Swingline Exposure) plus the total Limited Currency Revolving Obligations (other than any Limited
Currency Revolving Obligations constituting outstanding Limited Currency Revolving Loans made by any Defaulting Lender but including each Defaulting Lender’s Limited Currency Facility L/C Obligations) does not exceed the sum of the total Dollar
Revolving Commitments (excluding the Dollar Revolving Commitment of any Defaulting Lender except to the extent of any outstanding Dollar Revolving Loans of such Defaulting Lender) plus the total Limited Currency Revolving Commitments
(excluding the Limited Currency Revolving Commitment of any Defaulting Lender except to the extent of any outstanding Limited Currency Revolving Loans of such Defaulting Lender), the Administrative Agent may, by notice to the Dollar Revolving
Lenders and the Limited Currency Revolving Lenders, elect to reallocate the L/C Obligations among all non-Defaulting Lenders under the Dollar Revolving Facility and Limited Currency Revolving Facility by disregarding the Dollar Revolving Commitments
and Limited Currency Revolving Commitments of all Defaulting Lenders (except to the extent of any outstanding Loans of such Defaulting Lenders) for purposes of calculating each non-Defaulting Lender’s L/C Commitment Percentage, and to the
extent the Administrative Agent elects to require such reallocation in accordance with the foregoing, no such L/C Obligations shall be required to be cash collateralized pursuant to this Section 2.16(d) to the extent of such
reallocation; provided that the reallocation pursuant to the foregoing shall not be permitted to the extent it would cause (x) any Dollar Revolving Lender’s Dollar Revolving Obligations to exceed its Dollar Revolving Committed
Amount or (y) any Limited Currency Revolving Lender’s Limited Currency Revolving Obligations to exceed its Limited Currency Revolving Committed Amount. 

(e) to the extent: 

(i) the Parent Borrower cash collateralizes any Defaulting Lender’s L/C Obligations pursuant to
Section 2.16(d), the Parent Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.09(b)(i) with respect to such Defaulting Lender’s L/C Obligations during the period such
Defaulting Lender’s L/C Obligations are cash collateralized (but shall be reallocated pursuant to clause (ii) below); 

(ii) the L/C Obligations of the non-Defaulting Lenders are reallocated pursuant to each applicable proviso to
Section 2.16(d) above, then the fees payable to the Lenders pursuant to Section 2.09(b)(i) shall be adjusted proportionately to reflect such reallocation; or 

(iii) the Parent Borrower fails to cash collateralize any Defaulting Lender’s L/C Obligations pursuant to
Section 2.16(d) above and the L/C Obligations are not reallocated pursuant to either proviso, as applicable, to Section 2.16(d) above, then, without prejudice to any rights or remedies of any L/C Issuer or any Lender
hereunder, then all fees that otherwise would have been payable to such Defaulting Lender pursuant to Section 2.09(b)(i) with respect to such Defaulting Lender’s L/C Obligations shall be payable to each applicable L/C Issuer until
such L/C Obligations are cash collateralized or reallocated pursuant to Section 2.16(d); 
 (f) for
purposes of determining: 
 (i) the amount of the total Commitments for purposes of Section 2.01,
2.03(b) and 2.04(a), the Commitment of each Defaulting Lender shall be excluded therefrom (other than any 

 

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portion of such Commitment pursuant to which there is then outstanding a Loan from such Defaulting Lender); and 

(ii) the applicable L/C Obligations of any Lender with respect to any Letter of Credit that is issued, increased (to the
extent of the increase only) or renewed (but, for the avoidance of doubt, not with respect to any other applicable L/C Obligations relating to any other Letter of Credit) during the period in which there is a Defaulting Lender or the Swingline
Exposure of any Lender with respect to any Swingline Loan made during the period in which there is a Defaulting Lender, the Commitment of such Defaulting Lender shall be deemed to be zero; and 

(g) in the Administrative Agent’s sole discretion: 

(i) any prepayment of the principal amount of any Loans shall be applied solely to prepay the Loans of all non-Defaulting
Lenders pro rata prior to being applied to the prepayment of any Loans of any Defaulting Lender; and 

(ii) subject to Section 2.16(e)(iii), any amount payable to such Defaulting Lender pursuant to this Credit
Agreement (whether on account of principal, interest, fees or otherwise and including any amount that would otherwise be payable to such Defaulting Lender pursuant to Section 2.12 or Section 3.06(b)) may, in lieu of being
distributed to such Defaulting Lender, be retained by the Administrative Agent in a segregated non-interest bearing account and, subject to any applicable requirements of law, be applied at such time or times as may be determined by the
Administrative Agent (i) first, pro rata, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent, applicable L/C Issuer or Swingline Lender hereunder, (ii) second, pro rata, to
the payment of any amounts owing to the Borrowers or the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Borrower or any Lender against such Defaulting Lender as a result of such Defaulting Lender’s
breach of its obligations under this Credit Agreement and (iii) third, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction. 

In the event that the Administrative Agent, the Parent Borrower, each applicable L/C Issuer and the Swingline Lender each agrees that a
Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, the Administrative Agent shall promptly notify each Lender that such Lender has ceased to be a Defaulting Lender and, from and after the date of
such notification, the Swingline Exposure and L/C Obligations of the Lenders shall be readjusted to reflect the inclusion of such Lender’s Commitment and on such date such Lender shall purchase at par such of the Loans of the other Lenders
(other than Swingline Loans) as the Administrative shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Dollar Facility Percentage and Limited Currency Facility Percentage. 

ARTICLE III 

TAXES, YIELD PROTECTION AND ILLEGALITY 

3.01 Taxes. 
 (a)
Payments Free of Taxes. Except as otherwise required by law (as determined in the good faith discretion of the applicable withholding agent), any and all payments by or on account of any obligation of the Credit Parties hereunder or under any
other Credit Document shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes, provided that if the applicable withholding agent shall be required by applicable law (as determined in the
good faith discretion of the applicable withholding agent) to deduct or withhold any Indemnified Taxes (including any Other Taxes) from such payments, then (i) the sum payable by the applicable Credit Party shall be increased as necessary so
that after all required deductions or withholdings have been made (including deductions or withholdings applicable to additional sums payable under this Section) the Applicable Agent or Lender, as the case may be, receives an amount equal to the sum
it would have received had no such deductions or withholdings been made, (ii) the applicable withholding agent shall make such deductions or 

 

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withholdings and (iii) the applicable withholding agent shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. 

(b) Payment of Other Taxes. Without limiting the provisions of subsection (a) above, the applicable Borrower shall
timely pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (c) Indemnification
by the Applicable Borrower. Without duplication of any amounts payable under Section 3.01(a), the applicable Borrower shall indemnify the Applicable Agent and each Lender within 10 days after written demand therefor, for the full
amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) payable by the Applicable Agent or such Lender, as the case may be, and any
reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment
or liability delivered to the applicable Borrower by a Lender (with a copy to the Administrative Agent), or by the Applicable Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. Upon the reasonable request of
any Credit Party, the Lenders, and the Applicable Agent agree to use their reasonable efforts to cooperate with such Credit Party (at such Credit Party’s direction and expense) in contesting the imposition of, or claiming a refund of, any
Indemnified Taxes or Other Taxes paid by such Credit Party, whether directly to a Governmental Authority or pursuant to this Section, that such Credit Party reasonably believes were not correctly or legally asserted by the relevant Governmental
Authority unless such Lender or the Applicable Agent, as the case may be, determines in good faith that pursuing such a contest or refund would be materially disadvantageous to it. 

(d) Evidence of Payments. As soon as reasonably practicable after any payment of Indemnified Taxes or Other Taxes by a Credit
Party to a Governmental Authority, such Credit Party shall deliver to the Applicable Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or
other evidence of such payment reasonably satisfactory to the Applicable Agent. 
 (e) Status of Lenders. Each Lender
shall, at such times as are reasonably requested by the applicable Borrower or the Applicable Agent, provide such Borrower and the Applicable Agent with any documentation prescribed by Law, or reasonably requested by such Borrower or the Applicable
Agent, certifying as to any entitlement of such Lender to an exemption from, or reduction in, any withholding Tax with respect to any payments to be made to such Lender under the Credit Documents. Each such Lender shall, whenever a lapse in time or
change in circumstances renders such documentation expired, obsolete or inaccurate in any material respect, deliver promptly to such Borrower and the Applicable Agent updated or other appropriate documentation (including any new documentation
reasonably requested by the applicable withholding agent) or promptly notify such Borrower and the Applicable Agent of its inability to do so. Unless the applicable withholding agent has received forms or other documents satisfactory to it
indicating that payments under any Credit Document to or for a Lender are not subject to withholding tax or are subject to such Tax at a rate reduced by an applicable tax treaty, the applicable Borrower, Applicable Agent or other applicable
withholding agent shall withhold amounts required to be withheld by applicable Law from such payments at the applicable statutory rate. 

Without limiting the generality of the foregoing: 

(i) Each Lender that is a United States person (as defined in Section 7701(a)(30) of the Code) shall deliver to the
Parent Borrower and the Administrative Agent on or before the date on which it becomes a party to this Agreement (and from time to time thereafter when required by Law or upon the reasonable request of the Parent Borrower or the Administrative
Agent) two properly completed and duly signed original copies of Internal Revenue Service Form W-9 (or any successor form) certifying that such Lender is exempt from U.S. federal backup withholding, 

(ii) Each Foreign Lender shall deliver to the Parent Borrower and the Administrative Agent on or before the date on which
it becomes a party to this Agreement (and from time to time thereafter when 
  

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required by Law or upon the reasonable request of the Parent Borrower or the Administrative Agent) whichever of the following is applicable: 

(A) two duly completed copies of Internal Revenue Service Form W-8BEN (or any successor forms) claiming eligibility for
benefits of an income tax treaty to which the United States of America is a party. 
 (B) two duly completed
copies of Internal Revenue Service Form W-8ECI (or any successor forms), 
 (C) in the case of a Lender claiming
the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate, in substantially the form of Exhibit 3.01(e) (any such certificate a “United States Tax Compliance
Certificate”), or any other form approved by the Administrative Agent, to the effect that such Lender is not (A) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent
shareholder” of the Parent Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code, and that no payments in connection
with the Credit Documents are effectively connected with such Lender’s conduct of a U.S. trade or business and (y) two duly completed copies of Internal Revenue Service Form W-8BEN (or any successor forms), 

(D) to the extent a Lender is not the beneficial owner (for example, where the Lender is a partnership, or is a Lender
that has granted a participation), Internal Revenue Service Form W-8IMY (or any successor forms) of the Lender, accompanied by a Form W-8ECI, W-8BEN, United States Tax Compliance Certificate, Form W-9, Form W-8IMY (or other successor forms) or any
other required information from each beneficial owner, as applicable (provided that, if the Lender is a partnership (and not a participating Lender) and one or more beneficial owners are claiming the portfolio interest exemption, the United
States Tax Compliance Certificate shall be provided by such Lender on behalf of such beneficial owner(s)), or 

(E) any other form prescribed by applicable requirements of U.S. federal income tax Law as a basis for claiming exemption
from or a reduction in U.S. federal withholding tax duly completed together with such supplementary documentation as may be prescribed by applicable requirements of Law to permit the Parent Borrower and the Administrative Agent to determine the
withholding or deduction required to be made. 
 Each Lender shall, from time to time after the initial delivery by such Lender
of the forms described above, whenever a lapse in time or change in such Lender’s circumstances renders such forms, certificates or other evidence so delivered expired, obsolete or inaccurate, promptly (1) deliver to the applicable
Borrower and the Applicable Agent (in such number of copies as shall be reasonably requested by the recipient) renewals, amendments or additional or successor forms, properly completed and duly executed by such Lender, together with any other
certificate or statement of exemption required in order to confirm or establish such Lender’s status or that such Lender is entitled to an exemption from or reduction in U.S. federal withholding tax or (2) notify the Applicable Agent and
the applicable Borrower of its inability to deliver any such forms, certificates or other evidence. 
 Notwithstanding any other
provision of this clause (e), a Lender shall not be required to deliver any form that such Lender is not legally eligible to deliver. 

(f) Treatment of Certain Refunds. If the Applicable Agent or any Lender determines, in its reasonable discretion, that it has
received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by any Credit Party or with respect to which a Credit Party has paid additional amounts pursuant to this Section, it shall pay to the applicable Credit
Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Credit Party under this Section with respect to the Indemnified Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses of such Agent or such Lender, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that the applicable Credit Party, upon
the request of the Applicable Agent 
  

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or such Lender, agrees to repay the amount paid over to such Credit Party (plus any penalties, interest (attributable to the period of time that the Parent Borrower had use of such funds)
or other charges imposed by the relevant Governmental Authority) to the Applicable Agent or such Lender in the event the Applicable Agent or such Lender is required to repay such refund to such Governmental Authority. This subsection shall not be
construed to require the Applicable Agent or any Lender to make available its Tax returns (or any other information relating to its taxes that it deems confidential) to the Parent Borrower or any other Person. Notwithstanding anything to the
contrary, in no event will any Lender be required to pay any amount to any Credit Party the payment of which would place such Lender in a less favorable net after-tax position that such Lender or would have been in if the Indemnified or other Tax
giving rise to such refund had never been imposed. 
 (g) Payments made by the Applicable Agent. For the avoidance of
doubt, any payments made by the Applicable Agent to any Lender shall be treated as payments made by the applicable Credit Party. 

(h) Lender treated as Partnership. If any Lender is treated as a partnership for purposes of an applicable Indemnified Tax or
Other Tax, any withholding made by such Lender in accordance with applicable law and pursuant to Section 3.01(a) shall be treated as if such withholding had been made by the applicable Borrower or the Applicable Agent, and in such case, the
definition of Excluded Taxes shall be applied by reference to each partner of such Lender. 
 (i) Issuing Banks and Swingline
Lenders. For purposes of this Section 3.01, the term “Lender” shall include any L/C Issuer and the Swingline Lender. 

3.02 Illegality. 

If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any
Lender or its applicable Lending Office to make, maintain or fund Eurodollar Rate Loans, or to determine or charge interest rates based upon the Adjusted Eurodollar Rate, or any Governmental Authority has imposed material restrictions on the
authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof by such Lender to the Parent Borrower through the Administrative Agent, any obligation of such Lender to make or
continue Eurodollar Rate Loans or to convert Loans that are Base Rate Loans to Eurodollar Rate Loans shall be suspended until such Lender notifies the Administrative Agent and the Parent Borrower that the circumstances giving rise to such
determination no longer exist. Upon receipt of such notice, the Parent Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate
Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans.
Upon any such prepayment or conversion, the Parent Borrower shall also pay accrued interest on the amount so prepaid or converted. 
 3.03
Inability to Determine Rates. 
 If the Required Lenders determine that for any reason in connection with any request
for a Eurodollar Rate Loan or a conversion to or continuation thereof that (a) Dollar deposits are not being offered to banks in the London interbank Eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Loan,
(b) adequate and reasonable means do not exist for determining the Adjusted Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan, or (c) the Adjusted Eurodollar Rate for any requested Interest
Period with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Parent Borrower and each Lender. Thereafter, the
obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such notice, the Parent Borrower may revoke any
pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing of Loans that are Base Rate Loans in the amount specified
therein. 
  

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 3.04 Increased Cost; Capital Adequacy. 

(a) Increased Costs Generally. If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar
requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Adjusted Eurodollar Rate) or L/C Issuer; 

(ii) subject any Lender or L/C Issuer to any tax of any kind whatsoever with respect to this Credit Agreement, any Letter
of Credit, any participation in a Letter of Credit or any Loan made by it, or change the basis of taxation of payments to such Lender or L/C Issuer in respect thereof (except, in each case, for Indemnified Taxes or Other Taxes, which shall be
governed exclusively by Section 3.01 and the imposition of, or any change in the rate of, any Excluded Tax payable by such Lender or L/C Issuer); or 

(iii) impose on any Lender or L/C Issuer or the London of Canadian interbank market any other condition, cost or expense
affecting this Credit Agreement or Eurodollar Rate Loans or B/A Drawings made by such Lender or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender of making or maintaining any Eurodollar Rate Loan (or, in the case of
clause (ii) above, any Loan) or obtaining funds for the purchase of B/As, or of maintaining its obligation to make any such Loan or accept and purchase B/As, or to increase the cost to such Lender or L/C Issuer of participating in, issuing or
maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or L/C Issuer hereunder (whether of principal, interest
or any other amount) then, upon request of such Lender or L/C Issuer, the Parent Borrower will pay to such Lender or L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or L/C Issuer, as the case may be,
for such additional costs incurred or reduction suffered. 
 (b) Capital Requirements. If any Lender or L/C Issuer
determines that any Change in Law affecting such Lender or L/C Issuer or any Lending Office of such Lender or such Lender’s or L/C Issuer’s holding company, if any, regarding capital requirements has or would have the effect of reducing
the rate of return on such Lender’s or L/C Issuer’s capital or on the capital of such Lender’s or L/C Issuer’s holding company, if any, as a consequence of this Credit Agreement, the Commitments of such Lender or the Loans made
by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such L/C Issuer, to a level below that which such Lender or L/C Issuer or such Lender’s or L/C Issuer’s holding company could have achieved
but for such Change in Law, then from time to time the Parent Borrower will pay to such Lender or L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or L/C Issuer or such Lender’s or L/C
Issuer’s holding company for any such reduction suffered. 
 (c) Certificates for Reimbursement. A certificate of a
Lender or L/C Issuer setting forth the amount or amounts necessary to compensate such Lender or L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the
Parent Borrower shall be conclusive absent manifest error. The Parent Borrower shall pay such Lender or L/C Issuer, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof. 

(d) Delay in Requests. Failure or delay on the part of any Lender or L/C Issuer to demand compensation pursuant to the foregoing
provisions of this Section shall not constitute a waiver of such Lender’s or L/C Issuer’s right to demand such compensation, provided that the Parent Borrower shall not be required to compensate a Lender or L/C Issuer pursuant to
the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine (9) months prior to the date that such Lender or L/C Issuer, as the case may be, notifies the Parent Borrower of the Change in Law
giving rise to such increased costs or reductions and of such Lender’s or L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the
nine-month period referred to above shall be extended to include the period of retroactive effect thereof). 
  

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 3.05 Compensation for Losses. 

Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Parent Borrower shall promptly compensate such
Lender for and hold such Lender harmless from any reasonable loss, cost or expense incurred by it as a result of: 

(a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the
last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); or 

(b) the payment of any principal in respect of a B/A other than on the last day of a Contract Period for such B/A (whether
voluntary, mandatory, automatic, by reason of acceleration, or otherwise); or 
 (c) any failure by the Parent
Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Parent Borrower; or 

(d) any assignment of a Eurodollar Rate Loan or the right to receive payment in respect of a B/A on a day other than the
last day of the Interest Period or Contract Period, as the case may be, therefor as a result of a request by the Parent Borrower pursuant to Section 11.13; 

including any reasonable loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable
to terminate the deposits from which such funds were obtained. A certificate as to the amount of such payment or liability delivered to the Parent Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on
behalf of a Lender, shall be conclusive absent manifest error. 
 For purposes of calculating amounts payable by the Parent
Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the Adjusted Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London
interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Rate Loan was in fact so funded. 

3.06 Mitigation Obligations; Replacement of Lenders. 

(a) Designation of a Different Lending Office. If any Lender requests compensation under Section 3.04, or the Parent
Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then such Lender
shall use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender,
such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to Section 3.02, as
applicable, and (ii) in each case, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Parent Borrower hereby agrees to pay all reasonable costs and expenses incurred
by any Lender in connection with any such designation or assignment. 
 (b) Replacement of Lenders. If any Lender
requests compensation under Section 3.04, or if any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, the Parent Borrower may
replace such Lender in accordance with Section 11.13. 
 (c) Limitation on Additional Amounts, Etc.
Notwithstanding anything to the contrary contained in this Article III of this Credit Agreement, unless a Lender gives notice to the Parent Borrower that it is obligated to pay an amount under this Article within nine (9) months after
the latest of (i) the date the Lender incurs the respective increased costs, loss, expense or liability, reduction in amounts received or receivable or reduction in return on capital, (ii) the date such Lender has actual knowledge of its
incurrence of the respective increased costs, loss, expense or liability, reductions in amounts received or receivable or reduction in return on capital or (iii) where the 

 

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increased costs, loss, expense, liability, etc. relates to a third party claim (e.g., a tax claim), the date on which the Lender has actual knowledge of such claim, then such Lender shall not be
entitled to be compensated for such amounts by the Parent Borrower pursuant to this Article III to the extent any portion of such amounts are directly attributable (e.g., late penalties payable on a third party claim) to such Lender’s
failure to provide notice within the required period. 
 3.07 Survival Losses. 

All of the Parent Borrower’s obligations under this Article III shall survive termination of the Aggregate Commitments and
repayment of all other Obligations hereunder. 
 3.08 Additional Reserve Costs. 

(a) In the case of any Lender making a Limited Currency Revolving Loan or Multicurrency Revolving Loan from a Lending Office in the United
Kingdom or a Participating Member State, such Lender shall be entitled to require the Parent Borrower to pay, contemporaneously with each payment of interest on each of such Loans, additional interest on such Loan at a rate per annum equal to the
Mandatory Cost Rate calculated in accordance with the formula and in the manner set forth in Schedule 3.08 hereto. 
 (b)
For so long as any Lender is required to comply with reserve assets, liquidity, cash margin or other requirements of any monetary or other authority (including any such requirement imposed by the European Central Bank, the European System of Central
Banks or the Bank of Canada, but excluding requirements reflected in the Statutory Reserves or the Mandatory Cost Rate) in respect of any of such Lender’s Eurodollar Rate Loans, such Lender shall be entitled to require the Parent Borrower to
pay, contemporaneously with each payment of interest on each of such Lender’s Loans subject to such requirements, additional interest on such Loan at a rate per annum specified by such Lender to be the cost to such Lender of complying with such
requirements in relation to such Loan. 
 (c) Any additional interest owed pursuant to paragraph (a) or (b) above
shall be determined in reasonable detail by the applicable Lender, which determination shall be conclusive absent manifest error, and notified to the Parent Borrower (with a copy to the Administrative Agent) at least five Business Days before each
date on which interest is payable for the applicable Loan, and such additional interest so notified to the Parent Borrower by such Lender shall be payable to the Administrative Agent for the account of such Lender on each date on which interest is
payable for such Loan. 
 ARTICLE IV 

GUARANTY 
 4.01 The
Guaranty. 
 (a) Each of the Parent Borrower and the Domestic Guarantors hereby jointly and severally guarantees to the
Administrative Agent and each of the holders of the Obligations, as hereinafter provided, as primary obligor and not as surety, the prompt payment of the Borrower Obligations (the “Domestic Guaranteed Obligations”) in full when due
(whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) strictly in accordance with the terms thereof. The Domestic Guarantors hereby further agree that if any of the Domestic
Guaranteed Obligations are not paid in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise), the Domestic Guarantors will, jointly and severally, promptly pay the
same, without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Domestic Guaranteed Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a
mandatory prepayment, by acceleration, as a mandatory cash collateralization or otherwise) in accordance with the terms of such extension or renewal. 

(b) Notwithstanding any provision to the contrary contained herein, in any other of the Credit Documents, Swap Contracts or other
documents relating to the Domestic Guaranteed Obligations, the obligations of each 
  

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Domestic Guarantor under this Credit Agreement and the other Credit Documents shall be limited to an aggregate amount equal to the largest amount that would not render such obligations subject to
avoidance under the Debtor Relief Laws or any comparable provisions of any applicable state law. 
 4.02 Obligations Unconditional.

 The obligations of the Domestic Guarantors under Section 4.01 are joint and several, absolute and
unconditional, irrespective of the value, genuineness, validity, regularity or enforceability of any of the Credit Documents or other documents relating to the Obligations, or any substitution, compromise, release, impairment or exchange of any
other guarantee of or security for any of the Domestic Guaranteed Obligations, and, to the fullest extent permitted by applicable Law, irrespective of any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge
or defense of a surety or guarantor, it being the intent of this Section 4.02 that the obligations of the Domestic Guarantors hereunder shall be absolute and unconditional under any and all circumstances. Each Domestic Guarantor agrees
that such Domestic Guarantor shall have no right of subrogation, indemnity, reimbursement or contribution against the Borrowers or any other Domestic Guarantor for amounts paid under this Article IV until such time as the Obligations have
been irrevocably paid in full and the commitments relating thereto have expired or been terminated. Without limiting the generality of the foregoing, it is agreed that, to the fullest extent permitted by law, the occurrence of any one or more of the
following shall not alter or impair the liability of any Domestic Guarantor hereunder, which shall remain absolute and unconditional as described above: 

(a) at any time or from time to time, without notice to any Domestic Guarantor, the time for any performance of or
compliance with any of the Domestic Guaranteed Obligations shall be extended, or such performance or compliance shall be waived; 

(b) any of the acts mentioned in any of the provisions of any of the Credit Documents, or other documents relating to the
Domestic Guaranteed Obligations or any other agreement or instrument referred to therein shall be done or omitted; 

(c) the maturity of any of the Domestic Guaranteed Obligations shall be accelerated, or any of the Obligations shall be
modified, supplemented or amended in any respect, or any right under any of the Credit Documents or other documents relating to the Domestic Guaranteed Obligations, or any other agreement or instrument referred to therein shall be waived or any
other guarantee of any of the Domestic Guaranteed Obligations or any security therefor shall be released, impaired or exchanged in whole or in part or otherwise dealt with; 

(d) any Lien granted to, or in favor of, the Administrative Agent or any of the holders of the Domestic Guaranteed
Obligations as security for any of the Domestic Guaranteed Obligations shall fail to attach or be perfected; or 

(e) any of the Domestic Guaranteed Obligations shall be determined to be void or voidable (including, without limitation,
for the benefit of any creditor of any Domestic Guarantor) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of any Domestic Guarantor). 

With respect to its obligations hereunder, each Domestic Guarantor hereby expressly waives diligence, presentment, demand of payment,
protest, notice of acceptance of the guaranty given hereby and of extensions of credit that may constitute obligations guaranteed hereby, notices of amendments, waivers and supplements to the Credit Documents and other documents relating to the
Domestic Guaranteed Obligations, or the compromise, release or exchange of collateral or security, and all notices whatsoever, and any requirement that the Administrative Agent or any holder of the Domestic Guaranteed Obligations exhaust any right,
power or remedy or proceed against any Person under any of the Credit Documents or any other documents relating to the Domestic Guaranteed Obligations or any other agreement or instrument referred to therein, or against any other Person under any
other guarantee of, or security for, any of the Obligations. 
  

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 4.03 Reinstatement. 

Neither the Domestic Guarantors’ obligations hereunder nor any remedy for the enforcement thereof shall be impaired, modified,
changed or released in any manner whatsoever by an impairment, modification, change, release or limitation of the liability of any Borrower, by reason of such Borrower’s bankruptcy or insolvency or by reason of the invalidity or
unenforceability of all or any portion of the Domestic Guaranteed Obligations. The obligations of the Domestic Guarantors under this Article IV shall be automatically reinstated if and to the extent that for any reason any payment by or on
behalf of any Person in respect of the Domestic Guaranteed Obligations is rescinded or must be otherwise restored by any holder of any of the Obligations, whether as a result of any proceedings pursuant to any Debtor Relief Law or otherwise, and
each Domestic Guarantor agrees that it will indemnify the Administrative Agent and each holder of Domestic Guaranteed Obligations on demand for all reasonable costs and expenses (including all reasonable fees, expenses and disbursements of any law
firm or other counsel) incurred by the Administrative Agent or such holder of Domestic Guaranteed Obligations in connection with such rescission or restoration, including any such costs and expenses incurred in defending against any claim alleging
that such payment constituted a preference, fraudulent transfer or similar payment under any Debtor Relief Law. 
 4.04 Certain
Waivers. 
 Each Domestic Guarantor acknowledges and agrees that (a) the guaranty given hereby may be enforced
without the necessity of resorting to or otherwise exhausting remedies in respect of any other security or collateral interests, and without the necessity at any time of having to take recourse against any Borrower hereunder or against any
collateral securing the Domestic Guaranteed Obligations or otherwise, (b) it will not assert any right to require the action first be taken against any Borrower or any other Person (including any co-guarantor) or pursuit of any other remedy or
enforcement of any other right and (c) nothing contained herein shall prevent or limit action being taken against the Borrowers hereunder, under the other Credit Documents or the other documents and agreements relating to the Domestic
Guaranteed Obligations or from foreclosing on any security or collateral interests relating hereto or thereto, or from exercising any other rights or remedies available in respect thereof, if neither the applicable Borrower nor the Domestic
Guarantors shall timely perform their obligations, and the exercise of any such rights and completion of any such foreclosure proceedings shall not constitute a discharge of the Domestic Guarantors’ obligations hereunder unless as a result
thereof, the Domestic Guaranteed Obligations shall have been indefeasibly paid in full and the commitments relating thereto shall have expired or been terminated, it being the purpose and intent that the Domestic Guarantors’ obligations
hereunder be absolute, irrevocable, independent and unconditional under all circumstances. 
 4.05 Remedies. 

The Domestic Guarantors agree that, to the fullest extent permitted by law, as between the Domestic Guarantors, on the one hand, and the
Administrative Agent and the holders of the Domestic Guaranteed Obligations, on the other hand, the Domestic Guaranteed Obligations may be declared to be forthwith due and payable as provided in Section 9.02 (and shall be deemed to have
become automatically due and payable in the circumstances provided in Section 9.02) for purposes of Section 4.01, notwithstanding any stay, injunction or other prohibition preventing such declaration (or preventing the
Domestic Guaranteed Obligations from becoming automatically due and payable) as against any other Person and that, in the event of such declaration (or the Domestic Guaranteed Obligations being deemed to have become automatically due and payable),
the Domestic Guaranteed Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by the Domestic Guarantors for purposes of Section 4.01. The Domestic Guarantors acknowledge and agree that
the Domestic Guaranteed Obligations are secured in accordance with the terms of the Collateral Documents and that the holders of the Domestic Guaranteed Obligations may exercise their remedies thereunder in accordance with the terms thereof.

 4.06 Rights of Contribution. 

The Domestic Guarantors hereby agree as among themselves that, in connection with payments made hereunder, each Domestic Guarantor shall
have a right of contribution from each other Domestic Guarantor in accordance with applicable Law. Such contribution rights shall be subordinate and subject in right of payment to the Domestic Guaranteed Obligations until such time as the Domestic
Guaranteed Obligations have been irrevocably 
  

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paid in full and the commitments relating thereto shall have expired or been terminated, and none of the Guarantors shall exercise any such contribution rights until the Domestic Guaranteed
Obligations have been irrevocably paid in full and the commitments relating thereto shall have expired or been terminated. 
 4.07
Guaranty of Payment; Continuing Guaranty. 
 The guarantee in this Article IV is a guaranty of payment and not
of collection, and is a continuing guarantee, and shall apply to all Domestic Guaranteed Obligations whenever arising. 

ARTICLE V 

CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 

5.01 Conditions to Closing Date. 

The effectiveness of this Credit Agreement is subject to the satisfaction of the following conditions precedent: 

(a) Executed Credit Agreement. The Administrative Agent’s receipt of counterparts of (i) this Credit
Agreement, duly executed by a Responsible Officer of each Credit Party and by each Lender party hereto, (ii) the U.S. Security Agreement, duly executed by a Responsible Officer of the Parent Borrower and each Domestic Guarantor, (iii) the
U.S. Pledge Agreement, duly executed by a Responsible Officer of the Parent Borrower and each Domestic Guarantor and (iv) Notes, to the extent requested by a Lender by written notice delivered to the Parent Borrower at least five
(5) Business Days prior to the Closing Date, duly executed by a Responsible Officer of the Parent Borrower, in each case as dated of the Closing Date and in form and substance satisfactory to the Administrative Agent, the Lead Arrangers and
each of the Lenders. 
 (b) Personal Property Collateral. The Collateral Agent’s receipt of the
following: 
 (i) Lien Priority. Evidence, including UCC, tax and judgment lien searches from the
jurisdiction of formation and jurisdiction of the chief executive office of each Credit Party and intellectual property searches, that none of the Collateral is subject to any Liens (in each case other than Permitted Liens); 

(ii) UCC Financing Statements. Such UCC financing statements as are necessary or appropriate, in the Collateral
Agent’s discretion, to perfect the security interests in the Collateral; 
 (iii) Intellectual
Property. Such patent, trademark and copyright security agreements as are necessary or appropriate, in the Collateral Agent’s discretion, to perfect the security interests in the Credit Parties’ material IP Rights; 

(iv) Capital Stock. Original certificates evidencing the Capital Stock pledged pursuant to the Collateral Documents
and required to be delivered thereunder (to the extent such Capital Stock is certificated), together with undated stock transfer powers executed in blank; 

(v) Promissory Notes. Original promissory notes to the extent required by the U.S. Security Agreement, if any,
evidencing intercompany loans or advances owing to any Credit Party by any Subsidiary of the Parent Borrower, together with undated allonges executed in blank; and 

(vi) Insurance. Copies of insurance certificates or policies with respect to all insurance required to be
maintained pursuant to the Credit Documents together with endorsements identifying the Collateral Agent, on behalf of the holders of the Obligations, as additional insured or loss payee, with respect to all insurance policies to be maintained with
respect to the properties of the Parent Borrower and its Subsidiaries forming any part of the Collateral. 
  

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 (c) Opinions of Counsel. The Administrative Agent’s receipt of a
customary duly executed opinion of Latham & Watkins LLP and of appropriate local counsel to the Credit Parties, dated as of the Closing Date, in each case, reasonably satisfactory to the Administrative Agent. 

(d) Organization Documents, Etc. The Administrative Agent’s receipt of a duly executed certificate of a
Responsible Officer of each Credit Party, attaching each of the following documents and certifying that each is true, correct and complete and in full force and effect as of the Closing Date: 

(i) Charter Documents. Copies of its articles or certificate of organization or formation, certified to be true,
correct and complete as of a recent date by the appropriate Governmental Authority of the jurisdiction of its organization or formation; 

(ii) Bylaws. Copies of its bylaws, operating agreement or partnership agreement; 

(iii) Resolutions. Copies of its resolutions approving and adopting the Credit Documents to which it is party, the
transactions contemplated therein, and authorizing the execution and delivery thereof; 
 (iv) Incumbency.
Incumbency certificates identifying the Responsible Officers of such Credit Party that are authorized to execute Credit Documents and to act on such Credit Party’s behalf in connection with the Credit Documents; and 

(v) Good Standing Certificates. Certificates of good standing or the equivalent (if any) from its jurisdiction of
organization or formation, in each case certified as of a recent date by the appropriate Governmental Authority. 

(e) Officer Certificates. The following shall be true as of the Closing Date, and the Administrative Agent shall
have received a certificate or certificates of a Responsible Officer of the Parent Borrower, dated as of the Closing Date, certifying each of the following: 

(i) Consents. No consents, licenses or approvals are required in connection with the execution, delivery and
performance by any Credit Party of the Credit Documents to which it is a party, other than as are in full force and effect and, to the extent requested by the Administrative Agent, are attached thereto; 

(ii) Material Adverse Effect. There shall have been no event or circumstance since December 31, 2009 that has
had or would reasonably be expected to have, either individually or in the aggregate, a Material Adverse Effect; 

(iii) Material Litigation. There shall be no action, suit, investigation or proceeding pending in any court or
before any arbitrator or Governmental Authority that would reasonably be expected to have a Material Adverse Effect; and 

(iv) Representations and Warranties; No Default. The conditions set forth in Sections 5.02(a) and
(b) have been satisfied as of the Closing Date. 
 (f) Financial Statements. The Lenders shall
have received copies of the financial statements referred to in Section 6.05. 
 (g)
Forecasts. The Lead Arrangers shall have received forecasts of the income statement and a free cash flow reconciliation of the Parent Borrower and its Subsidiaries on an annual basis, through the Term B Loan Termination Date. 

(h) Merger with Ticketmaster. Ticketmaster shall have merged with and into the Parent Borrower on terms reasonably
satisfactory to the Lead Arrangers. 
  

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 (i) Solvency. The Administrative Agent shall have received a
customary certificate, dated as of the Closing Date, certified by the chief financial officer of the Parent Borrower, stating that the Parent Borrower and its Subsidiaries, on a consolidated basis after giving effect to the Transactions, are
Solvent. 
 (j) Fees and Expenses. To the extent required by the Credit Documents, all accrued reasonable
out-of-pocket fees and expenses of the Lead Arrangers and the Agents (including the reasonable fees and expenses of counsel (including any local counsel) for the Agents) shall have been paid. 

(k) New Senior Notes. The Parent Borrower shall have consummated the issuance of the New Senior Notes on terms
reasonably satisfactory to the Lead Arrangers. 
 (l) Indebtedness. After giving effect to the Closing
Date, the Parent Borrower and its Subsidiaries shall have no Indebtedness other than with respect to the Term Loans, the Existing Letters of Credit, the Existing Convertible Notes, the Senior Notes, the Azoff Promissory Note, Indebtedness permitted
pursuant to Section 8.03(b) and other Indebtedness as may be reasonably acceptable to the Lead Arrangers. 

(m) KYC Information. The Credit Parties shall have provided the documentation and other information to the Lenders
that is required by regulatory authorities under applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the Patriot Act. 

(n) Existing Preferred Stock. The Holdco #2 Merger shall have occurred, and the Existing Preferred Stock shall have
been converted into the right to receive cash pursuant to the Holdco #2 Merger. 
 Without limiting the generality of the provisions of
Section 10.04, for purposes of determining compliance with the conditions specified in this Section 5.01, each Lender that has signed this Credit Agreement shall be deemed to have consented to, approved or accepted or to be
satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing
Date specifying its objection thereto. 
 5.02 Conditions to All Credit Extensions. 

The obligation of each Lender and L/C Issuer to honor any Request for Credit Extension is subject to the satisfaction of the following
conditions precedent: 
 (a) The representations and warranties of the Parent Borrower and each other Credit
Party contained in Article VI shall be true and correct in all material respects on and as of the date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which
case they shall be true and correct in all material respects as of such earlier date (provided that representations and warranties that are qualified by materiality shall be true and correct in all respects). 

(b) No Default or Event of Default shall exist, or would result from such proposed Credit Extension or from the
application of the proceeds thereof. 
 (c) The Administrative Agent and, if applicable, the applicable L/C
Issuer or the Swingline Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. 

Each Request for Credit Extension submitted by any Borrower shall be deemed to be a representation and warranty by such Borrower that the
conditions specified in Sections 5.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension. 
  

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 5.03 First Credit Extension to each Foreign Borrower. 

The obligation of each Lender to honor any initial request for a Loan or B/A by each Foreign Borrower or of any L/C Issuer to honor any
initial request for a Letter of Credit by each Foreign Borrower is subject to the satisfaction of the following further conditions precedent: 

(a) The Administrative Agent shall have received an opinion of counsel for such Foreign Borrower reasonably acceptable to
the Administrative Agent and covering such matters relating to the transactions contemplated hereby as the Administrative Agent may reasonably request; 

(b) The Administrative Agent shall have received all documents which it may reasonably request relating to the existence
of such Foreign Borrower, its corporate authority for and the validity of its entry into its Foreign Borrower Agreement, this Credit Agreement, any other Credit Document and any amendments to the Credit Documents contemplated by
Section 1.08, and any other matters relevant thereto, all in form and substance reasonably satisfactory to the Administrative Agent; 

(c) Each of the Foreign Subsidiaries (other than an Excluded Subsidiary) shall have (i) jointly and severally
guaranteed to the Administrative Agent and each of the holders of the Foreign Obligations the prompt payment of the Foreign Obligations (the “Foreign Guaranteed Obligations”) in full when due (whether at stated maturity, as a
mandatory pre-payment, by acceleration, as a mandatory cash collateralization or otherwise) pursuant to one or more guarantees in form in substance reasonably satisfactory to the Administrative Agent (each, a “Foreign Guarantee
Agreement”) and (ii) taken all actions necessary to create and perfect a security interest in its assets other than any Excluded Property pursuant to Foreign Collateral Documents in form and substance reasonably satisfactory to the
Collateral Agent; provided that this clause (c) shall not require the creation or perfection of pledges of or security interests in particular assets of the Foreign Subsidiaries or guarantees from particular Foreign Subsidiaries if, to
the extent and for so long as, the Administrative Agent, in consultation with the Parent Borrower, reasonably determines that the cost to the Borrowers of creating or perfecting such pledges or security interests in such assets or obtaining such
guarantees from Foreign Subsidiaries (in each case, taking into account, among other things (i) any adverse tax or other consequences to the Borrowers and the other Subsidiaries (including the imposition of withholding or other material taxes
or costs on Lenders) and (ii) with respect to security interests in Equity Interests in Persons that are not, directly or indirectly, wholly owned by the Parent Borrower, any restrictions on the creation or perfection of such security interests
(including the costs of obtaining necessary consents and approvals from other holders of Equity Interests in such Persons)) shall be commercially unreasonable in view of the benefits to be obtained by the Lenders therefrom (as reasonably determined
by the Parent Borrower and the Administrative Agent). 
 ARTICLE VI 

REPRESENTATIONS AND WARRANTIES 

The Credit Parties represent and warrant to the Administrative Agent and the Lenders that: 

6.01 Existence, Qualification and Power. 

Each Credit Party (a) is duly organized or formed, validly existing and (to the extent the concept is applicable in such
jurisdiction) in good standing under the Laws of the jurisdiction of its incorporation or formation, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) execute,
deliver and perform its obligations under the Credit Documents to which it is a party and (ii) except to the extent it would not reasonably be expected to have a Material Adverse Effect, own its assets and carry on its business, and
(c) except to the extent it would not reasonably be expected to have a Material Adverse Effect, is duly qualified and is licensed and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or
the conduct of its business requires such qualification or license. 
  

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 6.02 Authorization; No Contravention. 

The execution, delivery and performance by each Credit Party of each Credit Document to which it is party have been duly authorized by all
necessary corporate or other organizational action and do not (a) contravene the terms of such Credit Party’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien (other
than Permitted Liens) under, (i) any Contractual Obligation to which such Credit Party is party or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Credit Party or its Property is
subject; or (c) violate any Law applicable to such Credit Party and the relevant Credit Documents, except, in the case of clause (b) or (c) of this Section 6.02 only, as would not reasonably be expected to
have a Material Adverse Effect. 
 6.03 Governmental Authorization; Other Consents. 

No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other
Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any Credit Party of this Credit Agreement or any other Credit Document (other than (a) as have already been obtained and are
in full force and effect, (b) filings to perfect security interests granted pursuant to the Credit Documents and (c) approvals, consents, exemptions, authorizations, or other actions, notices or filings the failure to procure which would
not reasonably be expected to have a Material Adverse Effect). 
 6.04 Binding Effect. 

Each Credit Document has been duly executed and delivered by each Credit Party that is party hereto or thereto. Each Credit Document
constitutes legal, valid and binding obligations of such Credit Party, enforceable against such Credit Party in accordance with its terms, except to the extent the enforceability thereof may be limited by applicable Debtor Relief Laws affecting
creditors’ rights generally and by equitable principles of law (regardless of whether enforcement is sought in equity or at law) and implied covenants of good faith and fair dealing. 

6.05 Financial Statements. 

The audited combined balance sheets of the Parent Borrower and its Subsidiaries as of December 31, 2009 and the related combined
statements of income or operations, shareholders’ equity (or invested equity) and cash flows for the years ending December 31, 2009, December 31, 2008 and December 31, 2007, including the notes thereto, (i) were prepared in
accordance with GAAP consistently applied throughout the periods covered thereby, except as otherwise expressly noted therein and (ii) fairly present the financial condition of the Parent Borrower and its Subsidiaries as of the date thereof and
its results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein. 

The unaudited pro forma condensed combined balance sheet of the Parent Borrower and its Subsidiaries as at December 31, 2009 and the
related unaudited pro forma condensed combined statements of operations of the Parent Borrower and its Subsidiaries for the year ended December 31, 2009, certified by the chief financial officer or treasurer of the Parent Borrower, copies of
which have been furnished to each Lender, fairly present the combined pro forma financial condition of the Parent Borrower and its Subsidiaries as at such date and the combined pro forma results of operations of the Parent Borrower and its
Subsidiaries for the periods ended on such dates, in each case giving effect to the Transactions, all in accordance with Regulation S-X under the Securities Laws, as amended and the Parent Borrower believes that the assumptions underlying such
unaudited pro forma combined financial statements are reasonable. 
 6.06 No Material Adverse Effect. 

Since December 31, 2009, there has been no event or circumstance, either individually or in the aggregate, that has had or would
reasonably be expected to have a Material Adverse Effect. 
  

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 6.07 Litigation. 

There are no actions, suits or proceedings pending or, to the knowledge of the Parent Borrower, threatened, at law, in equity, in
arbitration or before any Governmental Authority, by or against any member of the Consolidated Group or against any of their properties or revenues that either individually or in the aggregate would reasonably be expected to have a Material Adverse
Effect. 
 6.08 No Default. 

No Default or Event of Default has occurred and is continuing or would result from the consummation of the transactions contemplated by
this Credit Agreement or any other Credit Document. 
 6.09 Ownership of Property; Liens. 

Each of the Parent Borrower and its Subsidiaries has good and valid title in fee simple to, or a valid leasehold interest in, all its real
property, and good title to, or a valid leasehold interest in or right to use, all its other material property, except as would not reasonably be expected to have a Material Adverse Effect, and the property of the Consolidated Group is subject to no
Liens, other than Permitted Liens. 
 6.10 Environmental Matters. 

Except with respect to any matters that, individually or in the aggregate, would not reasonably be expected to result in a Material
Adverse Effect, none of the Parent Borrower or any of its Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Law,
(ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any Environmental Liability. 

6.11 Taxes. 

Except as would not reasonably be expected, individually or in the aggregate to have a Material Adverse Effect: (a) the Parent
Borrower and each of its Subsidiaries (i) has timely filed (or has had filed on its behalf) all Tax returns required to be filed and (ii) has paid prior to delinquency all Taxes, whether or not shown on a Tax Return, levied or imposed upon
it or its properties, income or assets otherwise due and payable (including in its capacity as a withholding agent), except for Taxes that are being contested in good faith by appropriate proceedings diligently conducted and for which adequate
reserves have been provided, in accordance with GAAP, if such contest suspends enforcement or collection of the claim in question; (b) there are no current, pending or, to the knowledge of the Parent Borrower or any of its Subsidiaries,
proposed tax assessments, deficiencies, audits or other claims against or with respect to the Parent Borrower or any of its Subsidiaries; and (c) neither the Parent Borrower nor any of its Subsidiaries has “participated” in a
“listed transaction” within the meaning of Treasury Regulation Section 1.6011-4. 
 6.12 ERISA Compliance.

 (a) Each Pension Plan that is intended to qualify under Section 401(a) of the Internal Revenue Code has received a
favorable determination letter from the IRS or an application for such a letter is currently pending before the IRS with respect thereto and, to the knowledge of the Parent Borrower, nothing has occurred that would prevent, or cause the loss of,
such qualification except in such instances in which the failure to comply therewith either individually or in the aggregate would not reasonably be expected to have a Material Adverse Effect. Except as would not reasonably be expected, either
individually or in the aggregate, to have a Material Adverse Effect, (i) the Parent Borrower and each ERISA Affiliate have made all required contributions to each Pension Plan subject to Section 412 of the Internal Revenue Code and
(ii) no application for a funding waiver or an extension of any amortization period pursuant to Section 412 of the Internal Revenue Code has been made with respect to any Pension Plan. 

 

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 (b) There are no pending or, to the knowledge of the Parent Borrower, threatened, claims,
actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that would reasonably be expected to have a Material Adverse Effect. 

(c) Except as would not reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect, (i) no
ERISA Event has occurred or is reasonably expected to occur; (ii) neither the Parent Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred that, with the giving of notice under
Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; (iii) there has been no “prohibited transaction” (within the meaning of Section 4975 of the
Internal Revenue Code) with respect to any Plan; and (iv) neither the Parent Borrower nor any ERISA Affiliate has engaged in a transaction that would reasonably be expected to be subject to Sections 4069 or 4212(c) of ERISA. 

6.13 Labor Matters. 

As of the Closing Date, there are no strikes, lockouts or slowdowns against the Parent Borrower or any of its Subsidiaries pending or, to
the knowledge of Parent Borrower or any other Credit Party, overtly threatened in writing to Borrower or any of its Subsidiaries. To the best knowledge of the Parent Borrower or any other Credit Party, after making reasonable due inquiry, the hours
worked by and payments made to employees of the Parent Borrower and its Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable Federal, state, local or foreign law dealing with such matters. All payments due
from the Parent Borrower or any of its Subsidiaries, or for which any claim made against the Parent Borrower or any of its Subsidiaries, which the Parent Borrower or any other Credit Party reasonably and in good faith believes the Parent Borrower or
any of its Subsidiaries is liable, on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as a liability on the books of the Parent Borrower or such Subsidiary. The consummation of the
Transactions will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which the Parent Borrower or any of its Subsidiaries is bound. 

6.14 Subsidiaries. 

Set forth on Schedule 6.14 is a list of all Subsidiaries of the Parent Borrower immediately after giving effect to the Closing
Date, together with the jurisdiction of organization, and ownership and ownership percentages of Capital Stock of each such Subsidiary as of such date. Schedule 6.14 identifies whether such Subsidiary shall be party to a Collateral Document
or is an Excluded Subsidiary. The outstanding Capital Stock has been validly issued, is owned free of Liens (other than Permitted Liens) and, with respect to any outstanding shares of Capital Stock of a corporation, such shares have been validly
issued and are fully paid and non-assessable. The outstanding shares of Capital Stock are not subject to any buy-sell, voting trust or other shareholder agreement except as identified on Schedule 6.14. 

6.15 Margin Regulations; Investment Company Act. 

(a) The Credit Parties are not engaged and will not engage, principally or as one of their important activities, in the business of
purchasing or carrying “margin stock” (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. 

(b) None of the Credit Parties or any Subsidiary is or is required to be registered as an “investment company” under the
Investment Company Act of 1940. 
 6.16 Disclosure. 

No written report, financial statement, certificate or other information (taken as a whole) furnished by or on behalf of any Credit Party
to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Credit Agreement or delivered hereunder or under any other Credit Document (in each case, as modified or supplemented by
other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances 

 

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under which they were made, not misleading, in each case as of the date such information is provided and as of the Closing Date; provided that, with respect to projected financial
information and estimates, the Parent Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time they were made. 

6.17 Compliance with Laws. 

Each member of the Consolidated Group is in compliance in all material respects with the requirements of all Laws and all orders, writs,
injunctions, settlements or other agreements with any Governmental Authority and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being
contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect. 

6.18 Insurance. 

The Parent Borrower and each of its Subsidiaries maintain, in force, with financially sound and reputable insurance companies, and have
paid all premiums and costs that are due and payable and are related to, insurance coverages in such amounts (with no materially greater risk retention) and against such risks under similar circumstances as are reasonably determined by the
management of the Parent Borrower and its Subsidiaries to be sufficient in accordance with the usual and customary practices of companies of established repute engaged in the same or similar lines of business as the Parent Borrower and its
Subsidiaries and operating in the same or similar locations, except to the extent reasonable self insurance meeting the same standards is maintained with respect to such risks. 

6.19 Solvency. 

As of the Closing Date, the Parent Borrower and its Subsidiaries, on a consolidated basis, are, and after giving effect to the
Transactions will be, Solvent. 
 6.20 Intellectual Property; Licenses, Etc. 

Except as would not reasonably be expected to have a Material Adverse Effect, as of the Closing Date, each Credit Party owns, or possesses
the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights (collectively, “IP Rights”) that are reasonably necessary for the
operation of their respective businesses, without conflict with the rights of any other Person. As of the Closing Date, no claim or litigation regarding any of the foregoing is pending or, to the knowledge of the Credit Parties, threatened, that,
either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 
 6.21 Collateral Matters.

 (a) Each of the Collateral Documents creates (or will create, as the case may be), as security for the obligations
purported to be secured thereby, subject to the provisions hereof and thereof, a legal, valid and enforceable security interest in all the Collateral subject to such Collateral Document (or comparable interest under foreign law in the case of
foreign Collateral) and each such Collateral Document shall constitute either (x) a fully perfected Lien on, and security interest in, all of the Collateral subject to such Collateral Document (except for Collateral for which the absence or
failure of the Lien on such Collateral would not constitute an Event of Default under Section 9.01(l)) or (b) a floating charge, fixed charge or security interest, as specified in the applicable Collateral Document, with respect to
all of the Collateral subject to such Collateral Document, in each case in favor of the relevant Collateral Agent and subject to no other Liens except Permitted Liens. The pledgor or assignor, as the case may be, under each Collateral Document has
good title to all Collateral subject thereto free and clear of all Liens other than Permitted Liens. No filings or recordings are required in order to perfect the security interests created under the Collateral Documents except, with respect to the
Domestic Credit Parties, for filings or recordings listed on Schedule 6.21 (as amended by each Perfection Certificate delivered to the Administrative Agent after the Closing Date), all of which

  

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shall have been made on or prior to the Closing Date except as otherwise expressly provided in Schedule 6.21 (or such Perfection Certificates, as applicable). 

(b) When the U.S. Security Agreement (or a short-form version thereof) is filed in the United States Patent and Trademark Office and the
United States Copyright Office, the security interest created thereunder shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Domestic Credit Parties in the Intellectual Property (as such term is
defined in the U.S. Security Agreement) in which a security interest may be perfected by filing, recording or registering a security agreement, financing statement or analogous document in the United States Patent and Trademark Office or the United
States Copyright Office, as applicable, in each case prior and superior in right to any other Person, other than with respect to the rights of Persons pursuant to Permitted Liens (it being understood that subsequent recordings in the United States
Patent and Trademark Office and the United States Copyright Office may be necessary to perfect a lien on registered trademarks, trademark applications and copyrights acquired by the Domestic Credit Parties after the date hereof). 

(c) The requirements set forth in Sections 5.01(b), 7.12, 7.13 and 7.14 are satisfied. 

(d) Notwithstanding the foregoing, it is agreed that the Credit Parties shall not be required to enter into control agreements with
respect to their deposit accounts and securities accounts in order to perfect the Administrative Agent’s Lien on the Collateral. 
 6.22
Status of Obligations. 
 The Obligations constitute Senior Indebtedness (and any other similar term defining Senior
Indebtedness) under each indenture or other agreement governing any Subordinated Debt, if any, of the Parent Borrower or any other Credit Party. 

6.23 Immunities, Etc. 

Each Credit Party is subject to civil and commercial law with respect to its obligations under this Credit Agreement, and the execution,
delivery and performance by it of this Credit Agreement and each other Credit Document to which it is a party constitutes and will constitute private and commercial acts rather than public or governmental acts. Each Credit Party has validly given
its consent to be sued in respect of its obligations under this Credit Agreement and the other Credit Documents to which it is a party. Each Credit Party has waived every immunity (sovereign or otherwise) to which it or any of its properties would
otherwise be entitled from any legal action, suit or proceeding, from jurisdiction of any court or from setoff or any legal process (whether service or notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of
judgment or otherwise) under the laws of the jurisdiction of its incorporation in respect of its obligations under this Credit Agreement and the other Credit Documents to which it is a party. The waiver by each Credit Party described in the
immediately preceding sentence is legal, valid and binding on such Credit Party. 
 ARTICLE VII 

AFFIRMATIVE COVENANTS 

Until the Loan Obligations shall have been paid in full or otherwise satisfied, and the Commitments hereunder shall have expired or been
terminated, the Parent Borrower will, and will cause each of its Subsidiaries to: 
 7.01 Financial Statements. 

Deliver to the Administrative Agent and each Lender: 

(a) not later than ninety (90) days after the end of each fiscal year of the Parent Borrower, a consolidated balance
sheet of the Parent Borrower as at the end of such fiscal year, and the related consolidated statements of income or operations, invested equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the
previous fiscal year, all in reasonable detail and prepared 
  

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in accordance with GAAP, audited and accompanied by (1) a report and opinion of a Registered Public Accounting Firm of nationally recognized standing, which report and opinion shall be
prepared in accordance with generally accepted auditing standards and applicable Securities Laws and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such
audit or other material qualification or exception and (2) if required by Section 404 of Sarbanes-Oxley, an attestation report of such Registered Public Accounting Firm as to the Parent Borrower’s internal controls pursuant to
Section 404 of Sarbanes-Oxley; 
 (b) not later than forty-five (45) days after the end of each of the
first three (3) fiscal quarters of each fiscal year of the Parent Borrower, a consolidated balance sheet of the Parent Borrower and the Consolidated Group as at the end of such fiscal quarter, and the related consolidated statements of income
or operations, invested equity and cash flows for such fiscal quarter and for the portion of the Parent Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the
previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a Responsible Officer of the Parent Borrower as fairly presenting the financial condition, results of operations, invested
equity and cash flows of the Consolidated Group in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of footnotes; and 

(c) simultaneously with the delivery of each set of consolidated financial statements referred to in Sections
7.01(a) and (b) above, if during any of the periods for which financial statements are required to be delivered hereunder the Parent Borrower shall have one or more material Unrestricted Subsidiaries, then such financial statements
shall be accompanied by information in reasonable detail summarizing the material differences between the financial statements delivered hereunder and the results of operations and financial condition of the Parent Borrower and its Subsidiaries
without giving effect to the results or condition of any such Unrestricted Subsidiaries. 
 As to any information contained in materials
furnished pursuant to Section 7.02, the Parent Borrower shall not be separately required to furnish such information under subsection (a) or (b) above, but the foregoing shall not be in derogation of the
obligation of the Parent Borrower to furnish the information and materials described in subsections (a) and (b) above at the times specified therein. 

7.02 Certificates; Other Information. 

Deliver to the Administrative Agent and each Lender: 

(a) within five (5) Business Days following the delivery of the financial statements referred to in
Section 7.01(a), a certificate of its independent certified public accountants certifying such financial statements and stating that in making the examination necessary therefor no knowledge was obtained of any Default or Event of
Default with respect to financial covenants or, if any such Default or Event of Default shall exist, stating the nature and status of such event (which may be limited to the extent consistent with industry practice or the policy of the accounting
firm); 
 (b) within five (5) Business Days following each delivery of the financial statements referred to
in Sections 7.01(a) and (b), a duly completed Compliance Certificate signed by a Responsible Officer of the Parent Borrower (i) setting forth computations in reasonable detail satisfactory to the Administrative Agent demonstrating
compliance with the financial covenants contained herein, (ii) certifying that no Default or Event of Default exists as of the date thereof (or the nature and extent thereof and proposed actions with respect thereto), (iii) setting forth a
list of each Subject Disposition and Involuntary Disposition effected during the fiscal quarter or fiscal year, as the case may be, covered by such financial statements, to the extent the Net Cash Proceeds received in such Subject Disposition (or
series of related Subject Dispositions) or Involuntary Disposition (or series of related Involuntary Dispositions) exceed $5.0 million or the Net Cash Proceeds received in all Subject Dispositions or Involuntary Dispositions effected during such
fiscal year exceeds $10.0 million (or the elapsed portion of such fiscal year in the case of a Compliance Certificate relating to a fiscal quarter), and whether the Parent Borrower and its Subsidiaries intend to reinvest

  

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the Net Cash Proceeds thereof or to use such Net Cash Proceeds to prepay the Loans, (iv) a calculation of the Cumulative Credit (in reasonable detail) as of the last day of the period
covered by such financial statements and (v) setting forth a list of the Unrestricted Subsidiaries and the Subsidiaries (other than Immaterial Subsidiaries) (A) formed or acquired, (B) divested, liquidated, merged or otherwise
disposed of, (C) that ceased to meet the definition of “Immaterial Subsidiaries” or (D) designated as Unrestricted Subsidiaries or Material Subsidiaries, or redesignated as Subsidiaries pursuant to a Subsidiary Redesignation, in
each case during the period covered by such financial statements; 
 (c) promptly upon receipt thereof, all
notices of default under any Indebtedness having an aggregate principal amount of at least $35.0 million; 
 (d)
promptly, such additional information regarding the business, financial or corporate affairs of any Credit Party or any Subsidiary of a Credit Party, or compliance with the terms of the Credit Documents, as the Administrative Agent or any Lender
(acting through the Administrative Agent) may from time to time reasonably request; 
 (e) promptly after the
furnishing thereof, copies of any material financial statement or report furnished to any holder of material Indebtedness of any Credit Party or of any of its Subsidiaries pursuant to the terms of any indenture, loan or credit or similar agreement
and not otherwise required to be furnished to the Lenders pursuant to Section 7.01 or any other clause of this Section 7.02; 

(f) as soon as available, but in any event no more than ninety (90) days following the beginning of each fiscal year
of the Parent Borrower, a detailed consolidated budget for the subsequent fiscal year (including a projected consolidated balance sheet and related statements of projected operations and cash flow as of the end of and for each fiscal quarter of such
fiscal year and setting forth the assumptions used for purposes of preparing such budget) and, promptly when available, any significant revisions of such budget; and 

(g) within 15 Business Days after the date of any Major Disposition, the Parent Borrower shall notify the Administrative
Agent thereof and whether and to what extent the Net Cash Proceeds received therefrom is intended to be used to reinvest or make prepayments pursuant to Section 2.06(b)(ii). 

Documents required to be delivered pursuant to Section 7.01 or 7.02 may be delivered electronically and if so
delivered, shall be deemed to have been delivered on the date (i) on which the Parent Borrower posts such documents, or provides a link thereto on the Parent Borrower’s website on the internet at the website address listed on Schedule
11.02; or (ii) on which such documents are posted on the Parent Borrower’s behalf on an internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or
whether sponsored by the Administrative Agent) including, to the extent the Lenders and the Administrative Agent have access thereto and such documents are available thereon, the EDGAR database and sec.gov; provided that the Parent Borrower
shall notify (which may be by facsimile or electronic mail) the Administrative Agent of the posting of any such documents. Except for such Compliance Certificates, the Administrative Agent shall have no obligation to request the delivery or to
maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Parent Borrower with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to
it or maintaining its copies of such documents. 
 The Credit Parties hereby acknowledge that the Administrative Agent and/or
the Lead Arrangers will make available to the Lenders and the L/C Issuers materials and/or information provided by or on behalf of the Credit Parties hereunder (collectively, the “Credit Party Materials”) by posting the Credit Party
Materials on IntraLinks or another similar electronic system (the “Platform”) and that certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with
respect to the Credit Parties or their securities) (each, a “Public Lender”). The Credit Parties hereby agree that so long as any Credit Party is the issuer of any outstanding debt or equity securities that are registered or issued
pursuant to a private offering or is actively contemplating issuing any such securities (1) all Credit Party Materials that are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” (which, at a
minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof), or otherwise indicated to the Administrative Agent as being “PUBLIC”; 

 

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(2) by marking or otherwise indicating the Credit Party Materials “PUBLIC,” the Credit Parties shall be deemed to have authorized the Agents, the Lead Arrangers, the L/C Issuers
and the Lenders to treat such Credit Party Materials as not containing any material non-public information with respect to the Credit Parties or their securities for purposes of United States federal and state securities laws (provided,
however, that to the extent such Credit Party Materials constitute Information, they shall be treated as set forth in Section 11.07); (3) all Credit Party Materials marked “PUBLIC” are permitted to be made available
through a portion of the Platform designated as “Public Investor”; and (4) the Administrative Agent and the Lead Arrangers shall be entitled to treat any Credit Party Materials that are not marked or otherwise indicated
“PUBLIC” as being suitable only for posting on a portion of the Platform not marked as “Public Investor.” 
 7.03
Notification. 
 Promptly, and in any event within two Business Days after any Responsible Officer of the Parent
Borrower or any of its material Subsidiaries obtains knowledge thereof, notify the Administrative Agent and each Lender of: 

(a) the occurrence of any Default or Event of Default; 

(b) the filing or commencement of any litigation, investigation or proceeding affecting any Credit Party which would
reasonably be expected to have a Material Adverse Effect; 
 (c) the occurrence of any ERISA Event that, alone or
together with any other ERISA Events that have occurred, would reasonably be expected to result in liability of the Parent Borrower and its Subsidiaries in an aggregate amount exceeding $25.0 million; and 

(d) any other occurrences or events that result in, or would reasonably be expected to result in, a Material Adverse
Effect. 
 Each notice delivered under this Section 7.03 shall be accompanied by a statement of a Responsible Officer of the Parent
Borrower setting forth the details of the occurrence or event requiring such notice and any action taken or proposed to be taken with respect thereto. 

7.04 Preservation of Existence. 

Except as otherwise permitted hereunder, do all things necessary to preserve and keep in full force and effect (x) its existence and
(y) its rights, franchises and authority, except (i) to the extent, in the case of clauses (x) (with respect to any Subsidiary only and not the Parent Borrower) and (y), that the failure to do so would not have a
Material Adverse Effect, (ii) with respect to any Subsidiary or the Parent Borrower, to the extent otherwise permitted by Section 8.04 hereof, and (iii) for the liquidation or dissolution of Subsidiaries if the assets of such
Subsidiaries, to the extent such assets exceed estimated liabilities, are acquired by the Parent Borrower or a Wholly Owned Subsidiary of the Parent Borrower in such liquidation or dissolution; provided that Subsidiaries that are Guarantors
may not be liquidated into Subsidiaries that are not Guarantors. 
 7.05 Payment of Taxes and Other Obligations. 

(a) Pay and discharge (i) all Taxes imposed upon it, or upon its income or profits, or upon any of its properties, before they become
delinquent (it being understood that, with respect to any Unrestricted Subsidiary, such Subsidiary shall comply with this clause (i) to the extent that any such obligation to pay and discharge such Taxes may become an obligation of the Parent
Borrower or any of its Subsidiaries (other than an Unrestricted Subsidiary)), (ii) all lawful claims (including claims for labor, material and supplies) that, if unpaid, might give rise to a Lien upon any of its properties, and
(iii) except as prohibited hereunder, all of its other Indebtedness as it becomes due, except in each case to the extent that the failure to do so would not, individually or in the aggregate, have a Material Adverse Effect; provided that
no such Person shall be required to pay any amount that is being contested in good faith by appropriate proceedings and for which adequate reserves, determined in accordance with GAAP, have been established, if such contest suspends enforcement or
collection of the claim in question. 
  

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 (b) Timely and correctly file all Tax returns required to be filed by it, except for
failures to file that would not reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect. 
 7.06
Compliance with Law. 
 Comply with the requirements of all applicable laws, rules, regulations and orders of any
Governmental Authority, a breach of which would result in a Material Adverse Effect, except where contested in good faith by appropriate proceedings diligently pursued. 

7.07 Maintenance of Property. 

Maintain and preserve its material properties and equipment in good repair, working order and condition, normal wear and tear and casualty
and condemnation excepted, and make all repairs, renewals, replacements, extensions, additions, betterments and improvements thereto as may be necessary or proper, to the extent and in the manner customary for similar businesses. 

7.08 Insurance. 

Maintain at all times in force and effect insurance in such amounts, covering such risks and liabilities and with such deductibles or
self-insurance retentions as determined by the Parent Borrower in its reasonable business judgment. The Collateral Agent shall be named as loss payee and/or additional insured, as its interests may appear, with respect to any such insurance
providing coverage in respect of any collateral under the Collateral Documents, and the Parent Borrower shall request that each provider of any such insurance to agree, by endorsement upon the policy or policies issued by it or by independent
instruments furnished to the Collateral Agent, that it will give the Collateral Agent thirty (30) days’ prior written notice before any such policy or policies shall be altered in any material respect or canceled, and that no act or
default of any member of the Consolidated Group or any other Person shall affect the rights of the Collateral Agent or the Lenders under such policy or policies. The insurance coverage for the Consolidated Group as of the Closing Date is described
as to type and amount on Schedule 7.08. 
 7.09 Books and Records. 

Maintain (a) proper books of record and account, in which true and correct entries in conformity with GAAP shall be made of all
financial transactions and matters involving the assets and business of the Parent Borrower or such Subsidiary, as the case may be, and (b) such books of record and account are in material conformity with all applicable requirements of any
Governmental Authority having regulatory jurisdiction over the Parent Borrower or such Subsidiary. 
 7.10 Inspection Rights. 

 Permit representatives and independent contractors of the Administrative Agent or any Lender (in the case of such Lender,
coordinated through the Administrative Agent) to (i) to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants at such reasonable times during normal business hours and as often as may be
reasonably desired, upon reasonable advance notice to the Parent Borrower and (ii) visit and inspect any of its properties and examine its corporate, financial and operating records, once per fiscal year of the Parent Borrower at such
reasonable times during normal business hours, upon reasonable advance notice to the Parent Borrower; provided, however, that when an Event of Default exists the Administrative Agent or any of its representatives or independent
contractors or any Lender (in the case of such Lender, coordinated through the Administrative Agent) may do any of the foregoing at the expense of the Parent Borrower at any time during normal business hours. Notwithstanding any provision to the
contrary, all meetings and inspections requested and held pursuant to this Section 7.10 are subject to applicable attorney-client privilege exceptions and compliance with non-disclosure and confidentiality agreements between the Parent
Borrower, any of its Subsidiaries and third parties. 
  

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 7.11 Use of Proceeds. 

Use the proceeds of the Term A Loans and Term B Loans, together with the net proceeds of the New Senior Notes, to (a) repay in full
and terminate the Existing Credit Facilities, (b) provide for the conversion of the Existing Preferred Stock into the right to receive cash, (c) pay fees for the consent solicitation of the Existing Senior Notes effected on or about the
Closing Date and (d) pay costs and expenses related to the Transactions (including entry into this Credit Agreement) and use the proceeds of the Revolving Loans for working capital and general corporate purposes, in each case not in
contravention of any Law or of any Credit Document. 
 7.12 Joinder of Subsidiaries as Guarantors. 

Promptly notify the Administrative Agent of the formation, acquisition (or other receipt of interests) or existence of any Subsidiary that
is not a Guarantor (other than a non-Wholly Owned Subsidiary invested in pursuant to Section 8.02(k) (unless such Subsidiary shall guarantee or provide Support Obligations in respect of any material Indebtedness (other than the
Obligations) of the Parent Borrower or another Subsidiary) or an Excluded Subsidiary), which notice shall include information as to the jurisdiction of organization, the number and class of Capital Stock outstanding and ownership thereof (including
options, warrants, rights of conversion or purchase relating thereto), and with respect to any such Subsidiary, within thirty (30) days (or up to ten (10) days later if the Administrative Agent, in its sole discretion, shall agree thereto
in writing) of the formation, acquisition or other receipt of interests thereof, cause the joinder of such Subsidiary as (x) in the case of a Domestic Subsidiary, as a Guarantor of the Domestic Obligations and any Foreign Obligations or
(y) in the case of a Foreign Subsidiary, as a Guarantor of the Foreign Obligations, in each case pursuant to Joinder Agreements (or such other documentation in form and substance reasonably acceptable to the Administrative Agent) accompanied by
Organization Documents, take all actions necessary to create and perfect a security interest in its assets to the extent required by the applicable Collateral Documents and, if reasonably requested by the Administrative Agent, deliver favorable
opinions of counsel to such Subsidiary, in form and substance reasonably satisfactory to the Administrative Agent; provided that no Foreign Subsidiary shall be required to comply with any of the foregoing unless a Foreign Borrower has then been
added and not terminated. For the avoidance of doubt, if (a) an Excluded Subsidiary shall cease to be an Excluded Subsidiary or (b) an Unrestricted Subsidiary shall be redesignated as a Subsidiary pursuant to a Subsidiary Redesignation or
(c) a Foreign Borrower shall have been added and a Foreign Subsidiary would have otherwise been required to become a Guarantor pursuant to the previous sentence, such Subsidiary shall thereupon comply with the foregoing; provided that,
solely in the case of clause (y) above, this Section 7.12 shall not require the creation or perfection of pledges of or security interests in particular assets of the Foreign Subsidiaries or guarantees from particular Foreign
Subsidiaries if, to the extent and for so long as, the Administrative Agent, in consultation with the Parent Borrower, reasonably determines that the cost to the Borrowers of creating or perfecting such pledges or security interests in such assets
or obtaining such guarantees from Foreign Subsidiaries (in each case, taking into account, among other things, (i) any adverse tax or other consequences to the Borrowers and the other Subsidiaries (including the imposition of withholding or
other material taxes or costs on Lenders) and (ii) with respect to security interests in Equity Interests in Persons that are not, directly or indirectly, wholly owned by the Parent Borrower, any restrictions on the creation or perfection of
such security interests (including the costs of obtaining necessary consents and approvals from other holders of Equity Interests in such Persons)) shall be commercially unreasonable in view of the benefits to be obtained by the Lenders therefrom
(as reasonably determined by the Parent Borrower and the Administrative Agent). 
 7.13 Pledge of Capital Stock. 

Pledge or cause to be pledged to the Collateral Agent to secure the Obligations, other than in the case of Excluded Property, one hundred
percent (100%) of the issued and outstanding Capital Stock of each Subsidiary to the extent owned by a Credit Party within thirty (30) days (or up to ten (10) days later if the Administrative Agent, in its sole discretion, shall agree
thereto in writing) of its formation, acquisition or other receipt of such interests; provided that, solely with respect to the Domestic Obligations, the pledge of the Capital Stock of Foreign Subsidiaries shall be limited to Capital Stock
representing sixty-five percent (65%) (or if less, the full amount owned by such Subsidiary) of each class of the issued and outstanding Capital Stock of each First-Tier Foreign Subsidiary to the extent owned by a Credit Party within thirty
(30) days (or up to twenty (20) days later if the Administrative Agent, in its sole discretion, shall agree thereto in writing) of its formation, acquisition or other receipt of such interests, in each case pursuant to the applicable
Collateral Documents or pledge joinder agreements, together with, if reasonably 
  

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requested by the Administrative Agent, opinions of counsel and any filings and deliveries reasonably requested by the Collateral Agent in connection therewith to perfect the security interests
therein, all in form and substance reasonably satisfactory to the Administrative Agent. 
 7.14 Pledge of Other Property.

 With respect to each Credit Party, pledge and grant a security interest in all of its personal property, tangible and
intangible, owned and leased (except (a) Excluded Property, (b) as otherwise set forth in Section 7.13 with respect to Capital Stock and (c) as otherwise set forth in the Collateral Documents) to secure (x) in the
case of a Domestic Credit Party, the Obligations, and (y) in the case of a Foreign Credit Party, the Foreign Obligations, in each case within thirty (30) days (or up to ten (10) days later, if the Administrative Agent, in its sole
discretion, shall agree thereto in writing) of the acquisition or creation thereof pursuant to such pledge and security agreements, joinder agreements or other documents as may be required, together with opinions of counsel and any filings and
deliveries reasonably requested by the Collateral Agent in connection therewith to perfect the security interests therein, all in form and substance reasonably satisfactory to the Administrative Agent. 

7.15 Further Assurances Regarding Collateral. 

(a) Promptly upon request by the Administrative Agent, or any Lender through the Administrative Agent, (a) correct any material
defect or error relating to the granting or perfection of security interests that may be discovered in any Credit Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute, acknowledge, deliver, record,
re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent, or the Required Lenders through the Administrative Agent, may reasonably require
from time to time in order to (i) carry out more effectively the purposes of the Credit Documents, (ii) to the fullest extent permitted by applicable law, subject any Credit Party’s or any Credit Party’s Subsidiaries’
properties, assets, rights or interests to the Liens now or hereafter intended to be covered by any of the Collateral Documents, (iii) perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of
the Liens intended to be created thereunder and (iv) assure, convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the holders of the Obligations the rights granted to the holders of the Obligations under any
Credit Document or under any other instrument executed in connection with any Credit Document to which any Credit Party or any Credit Party’s Subsidiaries is or is to be a party, and cause each of the Parent Borrower’s Subsidiaries to do
so. 
 (b) Notwithstanding anything to the contrary provided herein or in any Credit Document, the Parent Borrower and the
Subsidiaries shall not be required to take any action required to perfect or maintain the perfection of any of the Liens of the Agents or Lenders with respect to cash, deposit accounts or securities accounts except to the extent such perfection is
achieved by filing of financing statements, although cash, deposit accounts and securities accounts shall nevertheless constitute Collateral. 

7.16 Interest Rate Protection. 

As promptly as practicable, and in any event within 90 days after the Closing Date, the Parent Borrower will enter into, and thereafter
for a period of not less than three years will maintain in effect, one or more interest rate protection agreements on such terms and with such parties as shall be reasonably satisfactory to the Administrative Agent, the effect of which shall be to
fix or limit the interest cost to the Parent Borrower with respect to at least 50% of the Consolidated Total Funded Debt at the Closing Date. 

7.17 Ownership of Foreign Borrowers. 

Each of the Foreign Borrowers will, at all times, be a direct or indirect wholly owned subsidiary of the Parent Borrower. 

 

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 7.18 Post-Closing Matters. 

Parent Borrower shall complete the tasks set forth on Schedule 7.18, in each case within the time limits specified on such
schedule. 
 ARTICLE VIII 

NEGATIVE COVENANTS 

Until the Loan Obligations shall have been paid in full or otherwise satisfied, and the Commitments hereunder shall have expired or been
terminated, the Parent Borrower will not, and will not permit any of its Subsidiaries to: 
 8.01 Liens. 

Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired,
other than the following: 
 (a) Liens created pursuant to the Credit Documents; 

(b) Liens under the Collateral Documents given to secure obligations under Swap Contracts between any Credit Party and any
Lender or Affiliate of a Lender or any Person that was a Lender or Affiliate of a Lender at the time it entered into such Swap Contract, provided that such Swap Contracts are otherwise permitted under Section 8.03; 

(c) Liens existing on the Closing Date and listed on Schedule 8.01, together with any extensions, replacements,
modifications or renewals of the foregoing; provided that the collateral interests are not broadened or increased or secure any Property not secured by such Liens on the Closing Date (but shall be permitted to apply to after-acquired property
affixed or incorporated into the property covered by such Lien and the proceeds and products of the foregoing); 

(d) Liens for taxes, assessments or governmental charges or levies not yet due or to the extent non-payment thereof is
permitted under Section 7.05; 
 (e) statutory Liens of landlords and Liens of carriers,
warehousemen, mechanics, materialmen and suppliers and other Liens imposed by law or pursuant to customary reservations or retentions of title arising in the ordinary course of business, provided that such Liens secure only amounts not yet
due and payable or, if due and payable, are unfiled and no other action has been taken to enforce the same, are not overdue by more than 30 days, or are being contested in good faith by appropriate proceedings for which adequate reserves determined
in accordance with GAAP have been established (and as to which the property subject to any such Lien is not yet subject to a foreclosure, sale or loss proceeding on account thereof (other than a proceeding where foreclosure, sale or loss has been
stayed)); 
 (f) Liens incurred or deposits made by any member of the Consolidated Group in the ordinary course
of business in connection with workers’ compensation, unemployment insurance and other types of social security, or to secure the performance of tenders, statutory obligations, bids, leases, government contracts, performance and return-of-money
bonds and other similar obligations (exclusive of obligations for the payment of borrowed money); 
 (g) Liens in
connection with attachments or judgments (including judgment or appeal bonds) that do not result in an Event of Default under Section 9.01(i); 
  

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 (h) easements, rights-of-way, covenants, conditions, restrictions (including
zoning restrictions), declarations, rights of reverter, minor defects or irregularities in title and other similar charges or encumbrances, whether or not of record, that do not, in the aggregate, interfere in any material respect with the ordinary
course of business of the Parent Borrower or its Subsidiaries; 
 (i) Liens on property of any Person securing
purchase money Indebtedness or Indebtedness in respect of Sale and Leaseback Transactions permitted under Section 8.14 (including capital leases and Synthetic Leases) of such Person, in each case to the extent incurred under
Section 8.03(c) (or any refinancing of such Indebtedness incurred under Section 8.03(l)); provided, that any such Lien attaches only to the Property financed or leased and such Lien attaches prior to, at the time of or
within one hundred eighty (180) days after the later of the date of acquisition of such property or the date such Property is placed in service (or, in the case of Liens securing a refinancing of such Indebtedness pursuant to
Section 8.03(l), any such Lien attaches only to the Property that was so financed with the proceeds of the Indebtedness so refinanced); 

(j) licenses, sublicenses, leases or subleases granted to others not interfering in any material respect with the business
of any member of the Consolidated Group; 
 (k) any interest or title of a lessor or sublessor under, and Liens
arising from UCC financing statements (or equivalent filings, registrations or agreements in foreign jurisdictions) relating to, leases and subleases permitted by this Credit Agreement; 

(l) Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in
connection with the importation of goods and Liens deemed to exist in connection with Investments in repurchase agreements that constitute Investments permitted by Section 8.02 hereof; 

(m) normal and customary rights of setoff upon deposits of cash or other Liens originating solely by virtue of any
statutory or common law provision relating to bankers liens, rights of setoff or similar rights in favor of banks or other depository institutions not securing Indebtedness; 

(n) Liens of a collection bank arising under Section 4-210 of the Uniform Commercial Code on items in the
course of collection; 
 (o) Liens on Property securing obligations incurred under Section 8.03(h)
(or any refinancing of such Indebtedness incurred under Section 8.03(l)); provided that the Liens are not incurred in connection with, or in contemplation or anticipation of, the acquisition and do not attach or extend to any
Property other than the Property so acquired (or, in the case of Liens securing a refinancing of such Indebtedness pursuant to Section 8.03(l), the Property acquired with the proceeds of the Indebtedness so refinanced); 

(p) other Liens, provided that such Liens do not secure obligations exceeding $50.0 million in an aggregate amount
at any time outstanding; 
 (q) Liens in respect of any Indebtedness permitted under Section 8.03(g)
to the extent such Liens extend only to Property of the Foreign Subsidiary or Foreign Subsidiaries incurring such Indebtedness (other than a Foreign Credit Party); 

(r) pledges and deposits and other Liens securing liability for reimbursement or indemnification obligations of (including
obligations in respect of bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance to the Parent Borrower or any Subsidiary; 

(s) Liens solely on any cash earnest money deposits made by the Parent Borrower or any of the Subsidiaries in connection
with any letter of intent or purchase agreement in respect of any Investment permitted hereunder; 
  

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 (t) Liens securing obligations incurred pursuant to
Section 8.03(n); 
 (u) Liens on Capital Stock in joint ventures securing obligations of such joint
venture, to the extent required by the terms of the organizational documents or material contracts of such joint venture; 

(v) Liens on goods or inventory the purchase, shipment or storage price of which is financed by a bank guarantee or
bankers’ acceptance issued or created for the account of the Parent Borrower or any Subsidiary in the ordinary course of business so long as such Liens are extinguished when such goods or inventory are delivered to the Parent Borrower or a
Subsidiary; provided, that such Lien secures only the obligations of the Parent Borrower or such Subsidiaries in respect of such bankers’ acceptance or bank guarantee to the extent permitted under Section 8.03; 

(w) Liens securing insurance premiums financing arrangements, provided, that such Liens are limited to the applicable
unearned insurance premiums; 
 (x) Liens in favor of any Credit Party; provided that if any such Lien
shall cover any Collateral, the holder of such Lien shall execute and deliver to the Administrative Agent a subordination agreement in form and substance reasonably satisfactory to the Administrative Agent; 

(y) Liens on the Capital Stock of Unrestricted Subsidiaries; 

(z) Liens on deposits and accounts of Foreign Subsidiaries to secure Indebtedness incurred pursuant to
Section 8.03(v); 
 (aa) Liens on assets of any member of the Academy Music Group securing AMG
Indebtedness; and 
 (bb) Liens on Permitted Deposits securing customary obligations that are incurred in the
ordinary course of business. 
 8.02 Investments. 

Make or permit to exist any Investments, except: 

(a) cash and Cash Equivalents of or to be owned by the Parent Borrower or a Subsidiary; 

(b) Investments existing on, or contractually committed as of, the Closing Date and set forth on Schedule 8.02(b)
and any extensions, renewals or reinvestments thereof, so long as the aggregate amount of any Investment pursuant to this clause (b) is not increased at any time above the amount of such Investment existing on the Closing Date, unless such
increase is permitted by any clause of this Section 8.02 (other than by this clause (b)), in which case the capacity of such other clause shall be reduced by such increase; 

(c) to the extent not prohibited by applicable Law, advances to officers, directors and employees and consultants of the
Parent Borrower and Subsidiaries made for travel, entertainment, compensation, relocation and other ordinary business purposes in an aggregate amount not to exceed $10.0 million at any time outstanding or, to the extent not used as part of or to
increase the Cumulative Credit, in connection with such person’s purchase of equity of the Parent Borrower; 

(d) Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from
the grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss and
any prepayments and other credits to suppliers, clients, developers or purchasers or sellers of goods or services made in the ordinary course of business; 
  

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 (e) except to the extent constituting an Acquisition, Investments by the
Parent Borrower and its Subsidiaries in Domestic Credit Parties; 
 (f) Investments by the Parent Borrower and
Domestic Subsidiaries in Subsidiaries that are not Domestic Credit Parties (and, in the case of a Permitted Acquisition, in Persons that become Subsidiaries that are not Domestic Credit Parties upon consummation of such Permitted Acquisition) in an
aggregate amount at any time not to exceed the greater of $150.0 million and 3.0% of Consolidated Total Assets at such time; 

(g) Investments by Foreign Subsidiaries in any member of the Consolidated Group (including other Foreign Subsidiaries)
and, in the case of a Permitted Acquisition, in Persons that become a members of the Consolidated Group (including Foreign Subsidiaries) upon consummation of such Permitted Acquisition; 

(h) Support Obligations incurred pursuant to Section 8.03; 

(i) Investments comprised of Permitted Acquisitions; 

(j) advances in the ordinary course of business to secure developer and artist contracts of the Parent Borrower and its
Subsidiaries; 
 (k) Investments at any time outstanding in an aggregate amount not to exceed the greater of
$250.0 million and 5.0% of Consolidated Total Assets at such time plus, so long as (x) no Default shall have occurred and be continuing or exist after giving effect thereto and (y) after giving effect on a Pro Forma Basis to the Investment
to be made, as of the last day of the most recently ended fiscal quarter at the end of which financial statements were required to have been delivered pursuant to Section 7.01(a) or (b) (or, prior to such first required
delivery date for such financial statements, as of the last day of the most recent period referred to in the first sentence of Section 6.05), the Parent Borrower would be in compliance with Section 8.10 (and if the Investment
is greater than $50.0 million, then the Parent Borrower shall deliver a certificate of a Responsible Officer of the Parent Borrower as to the satisfaction of the requirements in this clause (y)), the amount of the Cumulative Credit at such
time; provided that if any Investment is made pursuant to this Section 8.02(k) in any Person that is not a Domestic Credit Party and such Person thereafter becomes a Domestic Credit Party, such Investment shall thereafter be
deemed to have been made pursuant to Section 8.02(e); 
 (l) Investments representing non-cash
consideration received in connection with any Subject Disposition permitted pursuant to Section 8.05; 

(m) Investments in joint ventures in an aggregate amount not to exceed $50.0 million at any time outstanding; 

(n) Swap Contracts allowed by Section 8.03(d); 

(o) Investments resulting from pledges and deposits under Section 8.01(f), (l), (r),
(s) or (bb); 
 (p) Investments received in connection with the bankruptcy or reorganization
of, or settlement of delinquent accounts and disputes with or judgments against, customers and suppliers, in each case in the ordinary course of business or Investments acquired by the Parent Borrower as a result of a foreclosure by the Parent
Borrower or any of the Subsidiaries with respect to any secured Investments or other transfer of title with respect to any secured Investment in default; 

(q) loans or advances or other similar transactions with customers, distributors, clients, developers, suppliers or
purchasers or sellers of goods or services, in each case, in the ordinary course of business, regardless of frequency; 
  

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 (r) to the extent not used as part of or increasing the Cumulative Credit,
any Investment to the extent procured in exchange for the issuance of Qualified Capital Stock; 
 (s) Investments
to the extent consisting of the redemption, purchase, repurchase or retirement of any common Capital Stock permitted under Section 8.06; 

(t) advances in the form of a prepayment of expenses, so long as such expenses are being paid in accordance with customary
trade terms of the Parent Borrower or such Subsidiary; 
 (u) (A) guarantees by the Parent Borrower or any
Subsidiary of operating leases or of other obligations that do not constitute Indebtedness, in each case entered into by the Parent Borrower or any Subsidiary in the ordinary course of business and (B) Investments consisting of guarantees permitted
by Section 8.03; 
 (v) Investments consisting of the non-exclusive licensing of intellectual property
pursuant to joint marketing arrangements with other Persons otherwise permitted hereunder; 
 (w) Investments
consisting of Permitted Deposits; 
 (x) Designated Investments set forth on Schedule 8.02(x); and

 (y) Investments received in exchange for the making of Restricted Payments under Section 8.06(b).

 8.03 Indebtedness. 

Create, incur, assume or suffer to exist any Indebtedness, except: 

(a) Indebtedness existing or arising under this Credit Agreement and the other Credit Documents; 

(b) Indebtedness existing on the Closing Date set forth on Schedule 8.03; 

(c) capital lease obligations and purchase money Indebtedness (including obligations in respect of capital leases) to
finance the purchase, acquisition, construction, development, enlargement, repair or improvement of fixed or capital assets, at any time outstanding (when aggregated with the aggregate amount of refinancing Indebtedness outstanding at such time
pursuant to Section 8.03(l) in respect of Indebtedness incurred pursuant to this Section 8.03(c)) not to exceed $100.0 million; provided that such Indebtedness when incurred shall not exceed the purchase price of the asset(s)
financed; 
 (d) obligations under Swap Contracts permitted by Section 8.15; 

(e) unsecured intercompany Indebtedness among members of the Consolidated Group to the extent permitted by Section
8.02(e), (f), (g) or (k); 
 (f) unsecured Indebtedness of the Parent Borrower to the
extent (i) no Default or Event of Default has occurred and is continuing or would result from the incurrence thereof at such time; (ii) after giving pro forma effect to the incurrence of such Indebtedness, as of the last day of the most recently
ended fiscal quarter at the end of which financial statements were required to have been delivered pursuant to Section 7.01(a) or (b) (or, prior to such first required delivery date for such financial statements, as of the last day of
the most recent period referred to in the first sentence of Section 6.05), the Parent Borrower would be in compliance with Section 8.10 (and if the Indebtedness incurred is greater than $50.0 million, then the Parent Borrower shall
deliver a certificate of a Responsible Officer of the Parent Borrower as to the satisfaction of the requirements in this clause (ii)); (iii) such Indebtedness matures no earlier than the Term B Loans and has a Weighted Average Life to
Maturity that is no shorter than the Term B Loans; (iv) such Indebtedness 
  

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does not have prepayment or redemption events that are less favorable to the Parent Borrower and its Subsidiaries than those relating to the Term B Loans, except, to the extent such Indebtedness
consists of Indebtedness convertible into Capital Stock, for change of control and other events that are typical for that type of Indebtedness (other than a scheduled “put” date prior to the maturity of the Term B Loans); and (v) such
Indebtedness has other terms that are, taken as a whole, not materially less favorable to the Parent Borrower and its Subsidiaries than the terms of the Credit Agreement; provided that such Indebtedness may benefit from unsecured guarantees
from the Domestic Guarantors on the same basis as the Parent Borrower has issued such Indebtedness; 
 (g)
Indebtedness of Foreign Subsidiaries and guarantees thereof by other Foreign Subsidiaries, without duplication, in an aggregate principal amount at any time outstanding not to exceed $150.0 million; 

(h) Indebtedness acquired or assumed pursuant to a Permitted Acquisition in an aggregate principal amount at any time
outstanding (when aggregated with the aggregate amount of refinancing Indebtedness outstanding at such time pursuant to Section 8.03(l) in respect of Indebtedness incurred pursuant to this Section 8.03(h)) not to exceed $50.0 million;
provided that (a) such Indebtedness was not incurred in connection with, or in anticipation or contemplation of, such Permitted Acquisition and (b) after giving pro forma effect to the incurrence of such Indebtedness, as of the last day of
the most recently ended fiscal quarter at the end of which financial statements were required to have been delivered pursuant to Section 7.01(a) or (b) (or, prior to such first required delivery date for such financial statements, as
of the last day of the most recent period referred to in the first sentence of Section 6.05), the Parent Borrower would be in compliance with Section 8.10; 

(i) Indebtedness arising under any performance or surety bond, completion bond or similar obligation entered into in the
ordinary course of business consistent with past practice; 
 (j) other Indebtedness of the Parent Borrower and
its Subsidiaries (and guarantees thereof, without duplication) in an aggregate principal amount at any time outstanding not to exceed $100.0 million; 

(k) Indebtedness incurred by the Parent Borrower under (i) the Senior Notes (and guarantees by the Domestic Guarantors
thereof) and (ii) the Existing Convertible Notes; 
 (l) any refinancing of Indebtedness incurred pursuant to
Section 8.03(b), (c), (f), (h) or (k) so long as (i) if the Indebtedness being refinanced is Subordinated Debt, then such refinancing Indebtedness shall be at least as subordinated in right of payment and otherwise
to the Obligations as the Indebtedness being refinanced, (ii) unless permitted pursuant to another clause of this Section 8.03 (and reducing availability under such other clause), the principal amount of the refinancing Indebtedness is not
greater than the principal amount of the Indebtedness being refinanced, together with any premium paid, and accrued interest thereon and reasonable fees in connection therewith and reasonable costs and expenses incurred in connection therewith,
(iii) the final maturity and Weighted Average Life to Maturity of the refinancing Indebtedness is not earlier or shorter, as the case may be, than the Indebtedness being refinanced, (iv) no Subsidiary (other than a Domestic Credit Party) that is not
an obligor with respect the Indebtedness to be refinanced shall be an obligor with respect to the refinancing Indebtedness and (v) the material terms (other than as to interest rate, which shall be on then market terms) of the refinancing
Indebtedness taken as a whole are at least as favorable to the Consolidated Group and the Lenders as under the Indebtedness being refinanced; 

(m) overdrafts paid within 10 Business Days; 

(n) Indebtedness in respect of trade letters of credit, warehouse receipts or similar instruments issued to support
performance obligations (other than obligations in respect of Indebtedness) in the ordinary course of business; 
  

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 (o) Indebtedness supported by a Letter of Credit, in a principal amount not
in excess of the stated amount of such Letter of Credit; 
 (p) Indebtedness consisting of (i) the financing of
insurance premiums or (ii) take or pay obligations contained in supply arrangements, in each case, in the ordinary course of business; 

(q) Indebtedness representing deferred compensation to employees of the Parent Borrower or any Subsidiary incurred in the
ordinary course of business; 
 (r) Indebtedness consisting of promissory notes issued by the Parent Borrower to
current or former officers, directors and employees, their respective estates, spouses or former spouses issued in exchange for the purchase or redemption by the Parent Borrower of Qualified Capital Stock permitted by Section 8.06(f);
provided that (a) the Parent Borrower shall be able to make a Restricted Payment pursuant to Section 8.06(f) in an amount equal to the principal amount of each such note at the time such note is issued, and an amount equal to the
principal amount of each such note shall reduce the amount of Restricted Payments able to be made under Section 8.06(f) and (b) the Parent Borrower shall be able to make a Restricted Payment pursuant to Section 8.06(f) in the amount of
any other payment on each such note at the time such payment is made, and each such payment shall reduce the Restricted Payments available to be able to be made under Section 8.06(f); 

(s) Indebtedness consisting of obligations of the Parent Borrower or any Subsidiary under deferred compensation,
indemnification, adjustment of purchase or acquisition price or other similar arrangements incurred by such Person in connection with the Transactions and Permitted Acquisitions or any other Investment expressly permitted hereunder; 

(t) all premium (if any), interest (including post petition interest), fees, expenses, charges and additional or
contingent interest on obligations described in paragraphs (a) through (s) above; 
 (u) Support Obligations by
any member of the Consolidated Group in respect of Indebtedness incurred under clauses (a) through (t) of this Section 8.03, solely to the extent such member of the Consolidated Group would have itself been able to originally
incur such Indebtedness; 
 (v) Indebtedness of Foreign Subsidiaries arising under Euro-denominated and
Sterling-denominated cash pooling arrangements; provided that the net obligations (after notional offsets for pooling participants, cash and Cash Equivalents) for such shall not exceed €7,500,000 for Euro-denominated arrangements and
£7,500,000 for Sterling-denominated, and such Indebtedness may benefit from cross-guarantees from pooling participants and a guarantee from the Parent Borrower; and 

(w) AMG Indebtedness. 

8.04 Mergers and Dissolutions. 

(a) Enter into a transaction of merger or consolidation, except that: 

(i) a Domestic Subsidiary of the Parent Borrower may be a party to a transaction of merger or consolidation with the
Parent Borrower or another Domestic Subsidiary of the Parent Borrower; provided that if the Parent Borrower is a party to such transaction, the Parent Borrower shall be the surviving Person; provided, further that if the Parent
Borrower is not a party to such transaction but a Domestic Guarantor is, such Domestic Guarantor shall be the surviving Person or the surviving Person shall become a Domestic Guarantor immediately upon the consummation of such transaction;

 (ii) a Foreign Subsidiary may be party to a transaction of merger or consolidation with the Parent Borrower or
a Subsidiary of the Parent Borrower other than a Domestic Guarantor (unless such Domestic Guarantor is the surviving party); provided that (A) if the Parent Borrower is a party thereto, it shall be the surviving entity, (B) if preceding
clause (A) does not apply and if a Foreign Borrower is a party 
  

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thereto, it shall be the surviving entity, (C) if neither preceding clause (A) nor preceding clause (B) applies and if a Foreign Guarantor is a party thereto, it shall be the surviving Person or
the surviving Person shall become a Foreign Guarantor immediately following the consummation of such transaction, and (D) if a Domestic Subsidiary is not a party thereto, the surviving entity shall be a Foreign Subsidiary and the Parent Borrower and
its Subsidiaries shall be in compliance with the requirements of Section 7.13; 
 (iii) a Subsidiary may
enter into a transaction of merger or consolidation in connection with a Subject Disposition effected pursuant to Section 8.05, so long as no more assets are Disposed of as a result of or in connection with any transaction undertaken pursuant
to this clause (iii) than would otherwise have been allowed pursuant to Section 8.05; and 
 (iv) the
Parent Borrower or any Subsidiary may merge with any other Person in connection with an Investment permitted pursuant to Section 8.02 so long as the continuing or surviving Person shall be a Subsidiary, which shall be (x) a Domestic Guarantor
if the merging Subsidiary was a Domestic Guarantor and (y) a Foreign Guarantor if the merging Subsidiary was a Foreign Guarantor and, in each case, which together with each of its Subsidiaries shall have complied with the requirements of Section
7.12; provided that following any such merger or consolidation involving the Parent Borrower, the Parent Borrower is the surviving Person. 

(b) Except pursuant to a transaction permitted by Section 8.04(a)(i), the Parent Borrower will not dissolve, liquidate or wind up
its affairs. 
 8.05 Dispositions. 

Make any Subject Disposition or Specified Intercompany Transfer, unless (i) in the case of a Subject Disposition only, at least
seventy-five percent (75%) of the consideration received from each such Subject Disposition is cash or Cash Equivalents, (ii) such Subject Disposition or Specified Intercompany Transfer is made at fair market value and (iii) the aggregate amount of
Property so Disposed (valued at fair market value thereof) in all Subject Dispositions and Specified Intercompany Transfers does not exceed the Applicable Disposition Amount. 

8.06 Restricted Payments. 

Declare or make, directly or indirectly, any Restricted Payment, except that: 

(a) each Subsidiary may make Restricted Payments to the Parent Borrower or any Wholly Owned Subsidiary, or in the case of
a Subsidiary that is not a Wholly Owned Subsidiary, to each equity holder of such Subsidiary on a pro rata basis (or on more favorable terms from the perspective of the Parent Borrower and its Wholly Owned Subsidiaries), based on their relative
ownership interests or, solely to the extent required by law and involving de minimis amounts, on a non-pro rata basis to such equity holders; 

(b) Restricted Payments to purchase Capital Stock of (A) any Person listed on Schedule 8.06(b) or (B) any other
Person that becomes a Domestic Guarantor upon such purchase, that in each case is not held by (i) Parent Borrower, (ii) any Subsidiary or (iii) an Affiliate of Parent Borrower or any of its Subsidiaries; provided that after giving effect
thereto (x) as of the last day of the most recently ended fiscal quarter at the end of which financial statements were required to have been delivered pursuant to Section 7.01(a) or (b) (or, prior to such first required delivery date
for such financial statements, as of the last day of the most recent period referred to in the first sentence of Section 6.05), the Parent Borrower would be in compliance with Section 8.10 and (y) such Person becomes or continues to be
a Subsidiary of the Parent Borrower; 
 (c) any refinancing permitted pursuant to Section 8.03(l) shall be
permitted or any refinancing of any Existing Senior Notes with the proceeds of any Incremental Term Loans; 
 (d)
any Investment permitted or not prohibited by Section 8.02 shall be permitted; 
  

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 (e) [Reserved]; 

(f) the Parent Borrower may make Restricted Payments at any time in an aggregate amount not to exceed $100.0 million
plus if after giving effect to such Restricted Payments (i) as of the last day of the most recently ended fiscal quarter at the end of which financial statements were required to have been delivered pursuant to Section 7.01(a) or
(b) (or, prior to such first required delivery date for such financial statements, as of the last day of the most recent period referred to in the first sentence of Section 6.05), (x) the Parent Borrower would be in compliance with
Section 8.10 and (y) the Consolidated Total Leverage Ratio would not be in excess of 3.50:1.00 (and if the Restricted Payment is greater than $50.0 million, then the Parent Borrower shall deliver a certificate of a Responsible Officer of the
Parent Borrower as to the satisfaction of the requirements in this clause (i)) and (ii) no Default shall have occurred and be continuing or exist after giving effect thereto, the amount of the Cumulative Credit at such time; 

(g) the Parent Borrower may make Restricted Payments consisting of payments or prepayments of principal on, or
redemptions, repurchases or acquisitions for value of, its Indebtedness (i) in an aggregate amount for all such payments, prepayments, redemptions, repurchases and acquisitions not to exceed $50.0 million (measured in each case by the fair market
value of the consideration given by the Parent Borrower in connection with such prepayments, redemptions, repurchases or acquisitions) and (ii) in the case of any payment, prepayment, redemption, repurchase and acquisition of any Existing Senior
Notes, additional amounts so long as, immediately after giving effect to such payment, prepayment, redemption, repurchase or acquisition, (x) as of the last day of the most recently ended fiscal quarter at the end of which financial statements were
required to have been delivered pursuant to Section 7.01(a) or (b) (or, prior to such first required delivery date for such financial statements, as of the last day of the most recent period referred to in the first sentence of
Section 6.05), the Parent Borrower would be in compliance with Section 8.10 and (y) the aggregate Dollar Equivalent amount available to be drawn under the Revolving Facilities after giving effect to such Restricted Payments would
exceed $150.0 million (and the Parent Borrower shall deliver a certificate of a Responsible Officer of the Parent Borrower as to the satisfaction of the requirements in this clause (ii)); 

(h) to the extent not used as part of or increasing the Cumulative Credit, the Parent Borrower may purchase, redeem or
otherwise acquire shares of its common Capital Stock with the proceeds received from the substantially concurrent issue of new shares of its common Capital Stock; 

(i) the members of the Consolidated Group may prepay or repay intercompany Indebtedness otherwise permitted hereunder owed
to other members of the Consolidated Group; 
 (j) repurchases of Capital Stock deemed to occur upon the
“cashless exercise” of stock options or warrants or upon the vesting of restricted stock units if such Capital Stock represents the exercise price of such options or warrants or represents withholding taxes due upon such exercise or
vesting shall be permitted; and 
 (k) the repayment of the Azoff Promissory Note (x) in 46 (forty-six) equal
monthly installments commencing January 1, 2010, it being understood that the Parent Borrower may, in its sole discretion, pay any particular monthly installment later than, but not earlier than, the regularly scheduled repayment date or (y) upon
the death or Disability of Irving Azoff or upon the termination of Irving Azoff’s employment with the Parent Borrower by Irving Azoff for Good Reason or upon the termination by the Parent Borrower of Irving Azoff’s employment without Cause
(with Disability, Cause and Good Reason having substantially equivalent meanings as set forth in Irving Azoff’s employment agreement with the Parent Borrower (as successor to Ticketmaster), dated October 22, 2008, taking into account the fact
that the Parent Borrower is Irving Azoff’s employer and without regard to any termination of Irving Azoff’s employment with Front Line), shall, in the case of the foregoing subclauses (x) and (y), be permitted. 

8.07 Change in Nature of Business. 

Engage in any material line of business other than a Permitted Business. 

 

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 8.08 Change in Accounting Practices or Fiscal Year. 

Change its (a) accounting policies or reporting practices, except as required by GAAP, or (b) fiscal year of the Parent Borrower or any
Subsidiary. 
 8.09 Transactions with Affiliates. 

Enter into any transaction of any kind with any Affiliate (including, for purposes of clarity, any Unrestricted Subsidiary) of the Parent
Borrower (other than between or among (x) Domestic Credit Parties, (y) Foreign Credit Parties or (z) one or more Subsidiaries of the Parent Borrower that are not Credit Parties), whether or not in the ordinary course of business, other than (i) on
fair and reasonable terms substantially as favorable in all material respects to the Parent Borrower or the applicable Subsidiary as would be obtainable by the Parent Borrower or such Subsidiary at the time in a comparable arm’s-length
transaction with a Person other than an Affiliate, (ii) Restricted Payments permitted by Section 8.06 (other than Section 8.06(c)) and (iii) Investments permitted by Section 8.02(c), (f), (g), (s),
(w) or, to the extent that such transaction is with a Person that becomes an Affiliate of the Parent Borrower or a Subsidiary solely as a result of such transaction, any transaction pursuant to Section 8.02(i), (k), (m)
or (x). 
 8.10 Financial Covenants. 

(a) Consolidated Total Leverage Ratio. Permit the Consolidated Total Leverage Ratio as of any date set forth below to exceed the
ratio set forth opposite such date. 
  

			
	 Fiscal Quarter Ending
	  	Consolidated Total Leverage Ratio
	 June 30, 2010
	  	4.90:1.00
	 September 30, 2010
	  	4.90:1.00
	 December 31, 2010
	  	4.90:1.00
	 March 31, 2011
	  	4.90:1.00
	 June 30, 2011
	  	4.90:1.00
	 September 30, 2011
	  	4.50:1.00
	 December 31, 2011
	  	4.50:1.00
	 March 31, 2012
	  	4.50:1.00
	 June 30, 2012
	  	4.50:1.00
	 September 30, 2012
	  	4.00:1.00
	 December 31, 2012
	  	4.00:1.00
	 March 31, 2013
	  	4.00:1.00
	 June 30, 2013
	  	4.00:1.00
	 September 30, 2013
	  	3.75:1.00
	 December 31, 2013
	  	3.75:1.00
	 March 31, 2014
	  	3.75:1.00
	 June 30, 2014
	  	3.75:1.00
	 September 30, 2014
	  	3.75:1.00
	 December 31, 2014
	  	3.75:1.00
	 March 31, 2015 and each fiscal quarter end thereafter
	  	3.50:1.00

 (b)
Consolidated Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as of any date set forth below (computed for the period of four fiscal quarters ending on such date) to be less than the ratio set forth opposite such date.

  

			
	 Fiscal Quarter Ending
	  	Consolidated Interest Coverage Ratio
	 June 30, 2010
	  	2.50:1.00
	 September 30, 2010
	  	2.50:1.00
	 December 31, 2010
	  	2.50:1.00

  

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	 March 31, 2011
	  	2.50:1.00
	 June 30, 2011
	  	2.50:1.00
	 September 30, 2011
	  	2.75:1.00
	 December 31, 2011
	  	2.75:1.00
	 March 31, 2012
	  	2.75:1.00
	 June 30, 2012
	  	2.75:1.00
	 September 30, 2012 and each fiscal quarter end thereafter
	  	3.00:1.00

 8.11 Capital
Expenditures. 
 Make Capital Expenditures that would cause the Dollar Equivalent of the Consolidated Capital
Expenditures in any fiscal year of the Parent Borrower to exceed the amount set forth below opposite such fiscal year: 
  

			
	 Fiscal Year Ended
	  	Consolidated Capital Expenditures
	 2010
	  	$125,000,000
	 2011
	  	$135,000,000
	 2012
	  	$150,000,000
	 2013 and thereafter
	  	$175,000,000

 provided that to the
extent Consolidated Capital Expenditures in any fiscal year of the Parent Borrower pursuant to this Section 8.11 is less than the maximum amount of Consolidated Capital Expenditures permitted by this Section 8.11 with respect to such
fiscal year, the amount of such difference (the “Rollover Amount”) may be carried forward and used to make Capital Expenditures in the immediately succeeding fiscal year; provided, further, that Consolidated Capital
Expenditures in any fiscal year shall be counted against the Rollover Amount available with respect to such fiscal year prior to being counted against the base amount with respect to such fiscal year and provided, further, that for
purposes of this Section 8.11, all Capital Expenditures made with Net Cash Proceeds that are reinvested in accordance with Section 2.06(b)(ii) shall be disregarded in determining Consolidated Capital Expenditures in any fiscal year of the
Parent Borrower. 
 8.12 Limitation on Subsidiary Distributions. 

Directly or indirectly, create or otherwise cause or suffer to exist or become effective any encumbrance or restriction on the ability of
any Subsidiary to (a) pay dividends or make any other distributions on its capital stock or any other interest or participation in its profits owned by the Parent Borrower or any Subsidiary, or pay any Indebtedness owed to the Parent Borrower or a
Subsidiary, (b) make loans or advances to the Parent Borrower or any Subsidiary or (c) transfer any of its properties to the Parent Borrower or any Subsidiary, except for such encumbrances or restrictions existing under or by reason of (i)
applicable Law; (ii) this Credit Agreement and the other Credit Documents; (iii) the Senior Notes; (iv) customary provisions restricting subletting or assignment of any lease governing a leasehold interest of a Subsidiary; (v) customary provisions
restricting assignment of any agreement entered into by a Subsidiary in the ordinary course of business; (vi) any Lien permitted by Section 8.01 restricting the transfer of the property subject thereto; (vii) any agreement relating to the
sale of any property permitted under Section 8.05 pending the consummation of such sale (provided that such encumbrances or restrictions are customary for such agreements); (viii) without affecting the Credit Parties’ obligations under
Sections 7.12, 7.13 or 7.14, customary provisions in partnership agreements, limited liability company organizational governance documents, stockholders agreements, asset sale and stock sale agreements and other similar
agreements entered into in the ordinary course of business that restrict the transfer of ownership interests in such partnership, limited liability company or similar person; (ix) restrictions on cash or other deposits or net worth imposed by
suppliers or landlords under contracts entered into in the ordinary course of business; (x) any instrument governing Indebtedness assumed in connection with any Permitted Acquisition pursuant to Section 8.03(h), which encumbrance or
restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person or the properties or assets of the Person so acquired; (xi) in the case of any Subsidiary that is not a Wholly Owned Subsidiary in respect
of any matters referred to in clauses (b) and (c) above, such Person’s Organization Documents or pursuant to any joint venture agreement or stockholders agreements solely to the extent of the Capital Stock of or property held in
the subject 
  

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joint venture or other entity; (xii) contracts or agreements in effect on the Closing Date relating to Indebtedness existing on the Closing Date and set forth on Schedule 8.03 or relating
to AMG Indebtedness; (xiii) any restrictions imposed by any agreement incurred pursuant to Section 8.03(f) to the extent such restrictions are not more restrictive, taken as a whole, than the restrictions contained in the New Senior Notes as
in effect on the Closing Date; (xiv) customary net worth provisions contained in real property leases entered into by the Parent Borrower or any Subsidiary, so long as the Parent Borrower has determined in good faith that such net worth provisions
would not reasonably be expected to impair the ability of the Parent Borrower and its Subsidiaries to meet their ongoing obligations; (xv) any agreement in effect at the time any Person becomes a Subsidiary, so long as such agreement was not entered
into in contemplation of such Person becoming a Subsidiary; (xvi) any agreement representing Indebtedness permitted under Section 8.03 of a Subsidiary of the Parent Borrower that is not a Credit Party; (xvii) restrictions on cash or other
deposits imposed by customers under contracts entered into in the ordinary course of business; (xviii) the buy-sell, voting trust and other shareholder arrangements set forth in Schedule 6.14; and (xix) any refinancings that are otherwise
permitted by the Credit Documents of the contracts, instruments or obligations referred to above; provided that such refinancings are no more materially restrictive with respect to such encumbrances and restrictions than those prior to such
amendment or refinancing. 
 8.13 Amendment of Material Documents. 

Amend, modify or waive any of its rights under its certificate of incorporation, by-laws or other organizational documents, in each case
to the extent that such amendment, modification or waiver could reasonably be expected to be material and adverse to the Lenders. 
 8.14
Sale and Leaseback Transactions. 
 Enter into any arrangement, directly or indirectly, whereby it shall sell or
transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as
the property sold or transferred, except for any such sale of any fixed or capital assets that is made for cash consideration in an amount not less than the cost of such fixed or capital asset and is consummated within 180 days after the Parent
Borrower or such Subsidiary acquires or completes the construction of such fixed or capital asset. Notwithstanding the foregoing, each of the Parent Borrower and its Subsidiaries may sell or transfer any Designated Sale and Leaseback Asset, and rent
or lease it back (or rent or lease other property that it intends to use for substantially the same purpose or purposes as the property so sold or transferred), if (a) the Parent Borrower promptly gives notice of such sale to the Administrative
Agent; (b) the Net Proceeds of such sale or transfer are at least equal to fair market value (provided that in the event such sale or transfer (or series of related sales or transfers) involves an aggregate consideration of more than the
Dollar Equivalent of $30.0 million, the Parent Borrower will obtain a written opinion from an independent accounting or appraisal firm of nationally recognized standing confirming that the consideration for such sale or transfer (or series of
related sales or transfers) is fair, from a financial standpoint, to the Parent Borrower and its Subsidiaries or is not less favorable than those that might reasonably have been obtained in a comparable sale or transfer of such property, real or
personal, at such time on an arm’s-length basis from a Person that is not an Affiliate of the Parent Borrower); (c) at least 75% of the consideration received with respect to each such sale or transfer shall consist of cash, Cash Equivalents,
Investments permitted by Section 8.02, liabilities assumed by the transferee, accounts receivable retained by the transferor or any combination of the foregoing; (d) in the event that such sale and leaseback results in a capital lease
obligation or Synthetic Lease, such Indebtedness is permitted by Section 8.03(c); (e) no Default shall have occurred and be continuing or exist after giving effect thereto; and (f) after giving effect on a Pro Forma Basis to such Sale and
Leaseback Transaction and any Indebtedness incurred in respect therewith, as of the last day of the most recently ended fiscal quarter at the end of which financial statements were required to have been delivered pursuant to Section 7.01(a)
or (b) (or, prior to such first required delivery date for such financial statements, as of the last day of the most recent period referred to in the first sentence of Section 6.05), the Parent Borrower would be in compliance with
Section 8.10 (and in the event such sale or transfer (or series of related sales or transfers) involves an aggregate consideration of more than the Dollar Equivalent of $30.0 million, then the Parent Borrower shall deliver a certificate of a
Responsible Officer of the Parent Borrower as to the satisfaction of the requirements in this clause (f)). 
  

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 8.15 Swap Contracts. 

Enter into any Swap Contract, except (a) Swap Contracts required by Section 7.16, (b) Swap Contracts entered into to hedge or
mitigate risks to which the Parent Borrower or any Subsidiary has actual exposure (other than those in respect of Capital Stock of the Parent Borrower or any Subsidiary) and (c) Swap Contracts entered into in order to effectively cap, collar or
exchange (i) interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest bearing liability or investment of any Borrower or any Subsidiary and (ii) currency exchange rates,
in each case in connection with the conduct of its business and not for speculative purposes. 
 ARTICLE IX 

EVENTS OF DEFAULT AND REMEDIES 

9.01 Events of Default. 

Any of the following shall constitute an Event of Default: 

(a) Non-Payment. The Parent Borrower or any other Credit Party fails to pay (i) when and as required to be paid
herein, any amount of principal of any Loan or any B/A or any amount of principal of any L/C Obligation, or (ii) within three (3) Business Days after the same becomes due or required to be paid herein, any interest on any Loan or any B/A or any
regularly accruing fee due hereunder or any other amount payable hereunder or under any other Credit Document; or 

(b) Specific Covenants. The Parent Borrower or any other Credit Party fails to perform or observe any term,
covenant or agreement contained in any of Section 7.03(a), 7.11 or Article VIII or, with respect to the existence of any Borrower only, Section 7.04; or 

(c) Other Defaults. The Parent Borrower or any other Credit Party fails to perform or observe any other covenant or
agreement (not specified in subsections (a) or (b) above) contained in any Credit Document on its part to be performed or observed and such failure continues for thirty (30) calendar days after written notice to the defaulting party or
the Parent Borrower by the Administrative Agent or the Required Lenders; or 
 (d) Representations and
Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of the Parent Borrower or any other Credit Party herein, in any other Credit Document, or in any document delivered in connection
herewith or therewith shall be false in any material respect when made or deemed made; or 
 (e)
Cross-Default. (i) Any member of the Consolidated Group (A) fails (beyond the period of grace (if any) provided in the instrument or agreement pursuant to which such Indebtedness was created) to make any payment when due (whether by scheduled
maturity, interest, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Support Obligations (other than Indebtedness hereunder or Indebtedness under Swap Contracts) having a principal amount (with principal
amount for the purposes of this clause (e) including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement), when taken together with the principal amount of all other
Indebtedness and Support Obligations as to which any such failure has occurred, exceeding $35.0 million or (B) fails to observe or perform any other agreement or condition relating to any Indebtedness or Support Obligations or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which failure or other event is to cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such
Support Obligations (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid,
defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Support Obligations to

  

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become payable or cash collateral in respect thereof to be demanded, which has an unpaid principal amount, when taken together with the unpaid principal amounts of all other Indebtedness and
Support Obligations as to which any such failure or event has occurred, exceeding $35.0 million; or (ii) there occurs under any Swap Contract an “early termination date” (or term of similar import) resulting from (A) any event of default
under such Swap Contract as to which the Parent Borrower or any Subsidiary is the “defaulting party” (or term of similar import) or (B) any “termination event” (or term of similar import) under such Swap Contract as to which the
Parent Borrower or any Subsidiary is an “affected party” (or term of similar import) and, when taken together with all other Swap Contracts as to which events of default or events referred to in the immediately preceding clauses (A)
or (B) are applicable, the Swap Termination Value owed by the Parent Borrower and its Subsidiaries exceeds $35.0 million; or 

(f) Insolvency Proceedings, Etc. Any Credit Party or any Significant Subsidiary institutes or consents to the
institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar
officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment
continues undischarged or unstayed for sixty (60) calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues
undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any such proceeding; or 

(g) Change of Control. There shall have occurred a Change of Control of the Parent Borrower; or 

(h) Inability to Pay Debts; Attachment. Any Credit Party or any Significant Subsidiary becomes unable or admits in
writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process issued or levied against all or any material part of the property of any such Person and is not
released, vacated or fully bonded within thirty (30) days after its issue or levy; or 
 (i) Judgments.
There is entered against any member of the Consolidated Group one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments and orders) exceeding $35.0 million (to the extent not covered by
independent third-party insurance as to which the insurer does not dispute coverage or otherwise discharged), and there is a period of 30 consecutive days during which a stay of enforcement of such judgments, by reason of a pending appeal or
otherwise, is not in effect; or 
 (j) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or
Multiemployer Plan that has resulted or would reasonably be expected to result in liability of a Credit Party in an aggregate amount in excess of $35.0 million, or (ii) a Credit Party fails to pay when due, after the expiration of any applicable
grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of $35.0 million; or 

(k) Invalidity of Credit Documents. Any Credit Document, at any time after its execution and delivery and for any
reason other than as expressly permitted hereunder or satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Credit Party contests in any manner the validity or enforceability of any Credit Document; or any Credit
Party denies that it has any or further liability or obligation under any Credit Document, or purports to revoke, terminate or rescind any Credit Document; or 

(l) Collateral Documents. Any Collateral Document after delivery thereof pursuant to Section 5.01,
7.13 or 7.14 shall for any reason cease to create a valid and perfected first priority Lien to the extent required by the Collateral Documents (subject to no other Liens other than Liens permitted by Section 8.01) on
Collateral that is (i) purported to be covered thereby and (ii) comprises Property which, when taken together with all Property as to which such a Lien has so ceased to be effective, has a fair market value in excess of $10.0 million (other than by
reason of (x) the express release thereof pursuant to Section 10.10, 
  

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(y) the failure of the Collateral Agent to retain possession of Collateral physically delivered to it or (z) the failure of the Collateral Agent to timely file Uniform Commercial Code
continuation statements); or 
 (m) Subordinated Debt. Any Subordinated Debt of the Parent Borrower or any
Credit Party or any guarantee of the Parent Borrower or any Credit Party in respect thereof shall cease, for any reason, to be validly subordinated to the Obligations, as provided in such Subordinated Debt or such guarantee, or the Parent Borrower,
any Subsidiary, any Affiliate of the Parent Borrower or any Subsidiary, the trustee in respect of such Subordinated Debt (or any refinancing thereof pursuant to Section 8.03(l)) shall so assert in writing. 

9.02 Remedies upon Event of Default. 

If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the
Required Lenders, take any or all of the following actions: 
 (a) declare the Commitments of the Lenders and the
obligation of the L/C Issuers to make L/C Credit Extensions to be terminated, whereupon such Commitments and obligation shall be terminated; 

(b) declare the unpaid principal amount of all outstanding Loans and B/As, all interest accrued and unpaid thereon, and
all other amounts owing or payable hereunder or under any other Credit Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrowers;

 (c) require that the Parent Borrower Cash Collateralize the L/C Obligations (in an amount equal to the then
Outstanding Amount thereof); 
 (d) require that the Canadian Borrowers cash collateralize amounts to become due
with respect to outstanding B/As in accordance with Section 2.06(c)(iii); and 
 (e) exercise on behalf of
itself and the Lenders all rights and remedies available to it or to the Lenders under the Credit Documents or applicable Law; 

provided, however, that upon the occurrence of an Event of Default under Section 9.01(f) or (h), the obligation of each
Lender to make Loans and accept and purchase B/As and any obligation of the L/C Issuers to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid
shall automatically become due and payable, and the obligation of the Parent Borrower to Cash Collateralize the L/C Obligations and the Canadian Borrowers to cash collateralize amounts to become due with respect to outstanding B/As as aforesaid
shall automatically become effective, in each case without further act of the Administrative Agent or any Lender. 
 9.03 Application of
Funds. 
 After the exercise of remedies provided for in Section 9.02 (or after the Loans have automatically
become immediately due and payable, the outstanding B/As have automatically been required to be cash collateralized and the L/C Obligations have automatically been required to be Cash Collateralized, in each case as set forth in the proviso to
Section 9.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts
(including all reasonable fees, expenses and disbursements of any law firm or other counsel and amounts payable under Article III) payable to the Administrative Agent and the Collateral Agent, in each case in its capacity as such; 

 

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 Second, to payment of that portion of the Obligations constituting
fees, indemnities and other amounts (other than principal, interest, Commitment Fees, Letter of Credit Fees and B/A Fees) payable to the Lenders (including all reasonable fees, expenses and disbursements of any law firm or other counsel and amounts
payable under Article III), ratably among the Lenders in proportion to the respective amounts described in this clause Second payable to them; 

Third, to payment of that portion of the Obligations constituting accrued and unpaid Commitment Fees, Letter of
Credit Fees, B/A Fees and interest on the Loans, B/A Drawings, L/C Borrowings and other Obligations, ratably among the Lenders, the Swingline Lender and the L/C Issuers in proportion to the respective amounts described in this clause Third
payable to them; 
 Fourth, to (a) payment of that portion of the Obligations constituting unpaid
principal of the Loans, the aggregate face amount of any outstanding B/As and L/C Borrowings, (b) payment of breakage, termination or other amounts owing in respect of any Swap Contract between any Credit Party and any Lender, or any Affiliate of a
Lender, to the extent such Swap Contract is permitted hereunder, (c) payments of amounts due under any Treasury Management Agreement between any Credit Party and any Lender, or any Affiliate of a Lender and (d) the Administrative Agent for the
account of the L/C Issuers, to Cash Collateralize that portion of the L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit, ratably among such parties in proportion to the respective amounts described in this clause
Fourth payable to them; and 
 Last, the balance, if any, after all of the Obligations have been
indefeasibly paid in full, to the Parent Borrower or as otherwise required by Law. 
 provided that no amount received from any Foreign
Credit Party or on account of any Collateral that is solely Collateral for the Foreign Obligations shall be applied pursuant to second, third or fourth clause of this paragraph to the extent such amounts do not constitute
Foreign Obligations. Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fourth above shall be applied to satisfy drawings under such Letters of Credit as
they occur. If any amount remains on deposit as cash collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above. 

ARTICLE X 

AGENTS 
 10.01
Appointment and Authorization of the Agents. 
 (a) Each of the Lenders and the L/C Issuers hereby irrevocably
appoints (i) JPMCB to act on its behalf as the Administrative Agent and Collateral Agent, (ii) JPMorgan Chase Bank, N.A., Toronto Branch, to act on its behalf as the Canadian Agent and (iii) JPME to act on its behalf as the London Agent, in each
case hereunder and under the other Credit Documents and authorizes each Agent to take such actions on its behalf and to exercise such powers as are delegated to the such Agent by the terms hereof or thereof, together with such actions and powers as
are reasonably incidental thereto. The provisions of this Article are solely for the benefit of the Agents, the Lenders and the L/C Issuers, and neither the Parent Borrower nor any other Credit Party shall have rights as a third party beneficiary of
any of such provisions. 
 (b) Each Lender hereby irrevocably appoints, designates and authorizes the Collateral Agent to take
such action on its behalf under the provisions of this Credit Agreement and each Collateral Document and to exercise such powers and perform such duties as are expressly delegated to it by the terms of this Credit Agreement or any Collateral
Document, together with such powers as are reasonably incidental thereto. In this connection, the Collateral Agent, and any co-agents, sub-agents and attorneys-in-fact appointed by the Collateral Agent pursuant to Section 10.05 for purposes
of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Collateral Agent), shall be entitled to the benefits of
all provisions of this Article X and Article XI (including Section 11.04(c), 
  

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as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Credit Documents) as if set forth in full herein with respect thereto. Notwithstanding
any provision to the contrary contained elsewhere herein or in any Collateral Document, no Agent shall have any duties or responsibilities, except those expressly set forth herein or therein, nor shall any Agent have or be deemed to have any
fiduciary relationship with any Lender or participant, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Credit Agreement or any Collateral Document or otherwise exist against any
Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent” herein and in the Collateral Documents with reference to any Agent is not intended to connote any fiduciary or other implied (or express)
obligations arising under agency doctrine of any applicable Law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. The
Collateral Agent shall act on behalf of the Lenders with respect to any Collateral and the Collateral Documents, and the Collateral Agent shall have all of the benefits and immunities (i) provided to the Administrative Agent under the Credit
Documents with respect to any acts taken or omissions suffered by the Collateral Agent in connection with any Collateral or the Collateral Documents as fully as if the term “Administrative Agent” as used in such Credit Documents included
the Collateral Agent with respect to such acts or omissions, and (ii) as additionally provided herein or in the Collateral Documents with respect to the Collateral Agent. 

(c) Each L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit issued by it and the documents associated
therewith, and each L/C Issuer shall have all of the benefits and immunities (i) provided to the Agents in this Article X with respect to any acts taken or omissions suffered by any L/C Issuer in connection with Letters of Credit issued
by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Agent” as used in this Article X included such L/C Issuer with respect to such acts or omissions, and (ii) as
additionally provided herein with respect to such L/C Issuer. 
 10.02 Rights as a Lender. 

Each Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as
though it were not an Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as such Agent hereunder in its individual capacity.
Such Person and its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Parent Borrower or any Subsidiary or other Affiliate
thereof as if such Person were not an Agent hereunder and without any duty to account therefor to the Lenders. 
 10.03 Exculpatory
Provisions. 
 The Agents shall not have any duties or obligations except those expressly set forth herein and in the
other Credit Documents. Without limiting the generality of the foregoing, the Agents: 
 (a) shall not be subject
to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing; 
 (b)
shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Credit Documents that the Agents are required to exercise as directed
in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Credit Documents), provided that no Agent shall be required to take any action that, in its
opinion or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Credit Document or applicable law; and 

(c) shall not, except as expressly set forth herein and in the other Credit Documents, have any duty to disclose, and
shall not be liable for the failure to disclose, any information relating to the Parent Borrower or any of its Affiliates that is communicated to or obtained by the Person serving as an Agent or any of its or their Affiliates in any capacity.

  

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 No Agent shall be liable for any action taken or not taken by it (i) with the consent or at
the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 11.01 and
9.02) or (ii) in the absence of its own gross negligence or willful misconduct. The Agents shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to such Agent by the Parent Borrower, a
Lender or an L/C Issuer. 
 No Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement,
warranty or representation made in or in connection with this Credit Agreement or any other Credit Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith,
(iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Credit
Agreement, any other Credit Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral or (vi)
the satisfaction of any condition set forth in Article V or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to such Agent. 

10.04 Reliance by Agents. 

Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper
Person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of a Loan, the acceptance and purchase of any B/A or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an L/C Issuer, each Agent may presume that such condition is
satisfactory to such Lender or such L/C Issuer unless such Agent shall have received notice to the contrary from such Lender or such L/C Issuer prior to the making of such Loan, the acceptance and purchase of such B/A or the issuance of such Letter
of Credit. Each Agent may consult with legal counsel (who may be counsel for the Parent Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by them in accordance with the
advice of any such counsel, accountants or experts. 
 10.05 Delegation of Duties. 

Each Agent may perform any and all of their duties and exercise their rights and powers hereunder or under any other Credit Document by or
through any one or more sub-agents appointed by such Agent. Any Agent and any such sub-agent may perform any and all of their duties and exercise their rights and powers by or through their respective Related Parties. The exculpatory provisions of
this Article shall apply to any such sub-agent and to the Related Parties of the Agents, and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well
as activities as such Agent. 
 10.06 Resignation of an Agent. 

Each of the Agents may at any time give notice of its resignation to the Lenders, the L/C Issuers and the Parent Borrower. Upon receipt of
any such notice of resignation, the Required Lenders shall have the right, with the consent of the Parent Borrower (provided, no consent shall be required if an Event of Default has occurred and is continuing), to appoint a successor, which
(i) in the case of a resignation by the Administrative Agent or the Collateral Agent, shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States, (ii) in the case of a resignation by the
Canadian Agent, shall be a bank with an office in Canada, or an Affiliate of any such bank with an office in Canada or (iii) in the case of a resignation by the London Agent, shall be a bank with an office in London, or an Affiliate of any such bank
with an office in London. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, then the retiring Agent may on
behalf of the Lenders and the L/C Issuers, with the consent of the Parent Borrower (provided, no consent shall be required if an Event of Default 

 

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has occurred and is continuing), appoint a successor Agent meeting the qualifications set forth above; provided that if such Agent shall notify the Parent Borrower and the Lenders that no
qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (1) the retiring Agent shall be discharged from its duties and obligations hereunder and under the other
Credit Documents (except that in the case of any collateral security held by such Agent on behalf of the Lenders or the L/C Issuers under any of the Credit Documents, such retiring Agent shall continue to hold such collateral security until such
time as a successor Agent is appointed) and (2) all payments, communications and determinations provided to be made by, to or through such Agent shall instead be made by or to each Lender and each L/C Issuer directly, until such time as the Required
Lenders appoint a successor Agent as provided for above in this Section. Upon the acceptance of a successor’s appointment as an Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and
duties of the retiring (or retired) Agent and the retiring Agent shall be discharged from all of its duties and obligations hereunder or under the other Credit Documents (if not already discharged therefrom as provided above in this Section). The
fees payable by the Parent Borrower to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Parent Borrower and such successor. After the retiring Agent’s resignation hereunder and under
the other Credit Documents, the provisions of this Article and Section 11.04 shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be
taken by any of them while the retiring Agent was acting as such Agent. 
 Any resignation by JPMCB as Administrative Agent or
Collateral Agent, as the case may be, pursuant to this Section shall also constitute its resignation as Dollar L/C Issuer, Multicurrency L/C Issuer and Swingline Lender. Upon the acceptance of a successor’s appointment as Administrative Agent
or Collateral Agent, as the case may be, hereunder, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuers and Swingline Lender, (b) the retiring L/C Issuers and
Swingline Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Credit Documents, and (c) the successor L/C Issuers shall issue letters of credit in substitution for the Letters of Credit, if
any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring L/C Issuers to effectively assume the obligations of the retiring L/C Issuers with respect to such Letters of Credit. 

10.07 Non-Reliance on Agents and Other Lenders. 

Each Lender and L/C Issuer acknowledges that it has, independently and without reliance upon any Agent or any other Lender or any of their
Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Credit Agreement. Each Lender and L/C Issuer also acknowledges that it will, independently and
without reliance upon any Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under
or based upon this Credit Agreement, any other Credit Document or any related agreement or any document furnished hereunder or thereunder. 

10.08 No Other Duties. 

Anything herein to the contrary notwithstanding, none of the “Co-Syndication Agents,” “Co-Documentation Agents,”
“Joint Lead Arrangers” and “Joint Bookrunners” listed on the cover page hereof shall have any powers, duties or responsibilities under this Credit Agreement or any of the other Credit Documents, except in its capacity, as
applicable, as an Agent, a Lender or an L/C Issuer hereunder. 
 10.09 Agents May File Proofs of Claim. 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relative to any Credit Party, any Agent (irrespective of whether the principal of any Loan, B/A Drawing or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of
whether the Applicable Agent shall have made any demand on the Parent Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

 

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 (a) to file and prove a claim for the whole amount of the principal and
interest owing and unpaid in respect of the Loans, L/C Obligations and all other Obligations (other than obligations under Swap Contracts or Treasury Management Agreements to which such Agent is not a party) that are owing and unpaid and to file
such other documents as may be necessary or advisable in order to have the claims of the Lenders, the L/C Issuers and the Agents (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C
Issuers and the Agents and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuers and the Agents under Sections 2.09 and 11.04) allowed in such judicial proceeding; and 

(b) to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the
same; 
 and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is
hereby authorized by each Lender and L/C Issuer to make such payments to such Agent and, in the event that such Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuers, to pay to such Agent any amount due for
the reasonable compensation, expenses, disbursements and advances of such Agent and its agents and counsel, and any other amounts due to such Agent under Sections 2.09 and 11.04. 

Nothing contained herein shall be deemed to authorize the Applicable Agent to authorize or consent to or accept or adopt on behalf of any
Lender or L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize any Agent to vote in respect of the claim of any Lender in any such proceeding. 

10.10 Collateral and Guaranty Matters. 

The Lenders and the L/C Issuers irrevocably authorize the Administrative Agent and the Collateral Agent, at its option and in its
discretion: 
 (a) to release any Guarantor from its obligations under the Collateral Documents if such Person
ceases to be a Subsidiary as a result of a transaction not prohibited hereunder or is designated as an Excluded Subsidiary pursuant to clause (e) of the definition thereof, or if the conditions set forth in clause (b)(i) below are satisfied;

 (b) to release any Lien on any property granted to or held by the Collateral Agent under any Credit Document
(i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations not then due and payable and (B) obligations and liabilities under Swap Contracts and Treasury Management
Agreements not then due and payable) and the expiration or termination of all Letters of Credit (or if any Letters of Credit shall remain outstanding, upon (x) the cash collateralization of the Outstanding Amount of Letters of Credit on terms
satisfactory to the Administrative Agent and L/C Issuer or (y) the receipt by any applicable L/C Issuer of a backstop letter of credit on terms satisfactory to the Administrative Agent and such L/C Issuer), (ii) that is Disposed of as part of or in
connection with any sale or other Disposition not prohibited hereunder or under any other Credit Document (other than any such sale or other Disposition to another Credit Party), or (iii) subject to Section 11.01, if approved, authorized or
ratified in writing by the Required Lenders; and 
 (c) to subordinate any Lien on any property granted to or
held by the Collateral Agent under any Credit Document to the holder of any Lien on such property that is granted pursuant to Section 8.01(i) or (z). 

Upon request by the Administrative Agent or the Collateral Agent at any time, the Required Lenders will confirm in writing the authority
of the Collateral Agent to release or subordinate its interest in particular property and of the Administrative Agent to release any Guarantor from its obligations hereunder pursuant to this Section 10.10 in connection with a transaction
permitted hereunder. 
  

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 10.11 Withholding Tax. 

To the extent required by any applicable law, the Applicable Agent may deduct or withhold from any payment to any Lender an amount
equivalent to any applicable withholding Tax. If the IRS or any other authority of the United States or other jurisdiction asserts a claim that the Applicable Agent did not properly withhold Tax from amounts paid to or for the account of any Lender
for any reason (including, without limitation, because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the Applicable Agent of a change in circumstance that rendered the exemption from, or
reduction of withholding Tax ineffective), such Lender shall indemnify and hold harmless the Agents (to the extent that the Applicable Agent has not already been reimbursed by the Borrowers pursuant to Sections 3.01 and 3.04 and
without limiting or expanding the obligation of the Borrowers to do so) fully for all amounts paid, directly or indirectly, by the Applicable Agent as Tax or otherwise, together with all expenses incurred, including legal expenses and any
out-of-pocket expenses, whether or not such Tax was correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Applicable Agent shall be
conclusive absent manifest error. Each Lender hereby authorizes the Applicable Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Credit Document against any amount due to the Applicable
Agent under this Section 10.11. The agreements in this Section 10.11 shall survive the resignation and/or replacement of the Applicable Agent, any assignment of rights by, or the replacement of, a Lender, the termination of
this Agreement and the repayment, satisfaction or discharge of all other Obligations. For purposes of this Section 10.11, the term “Lender” shall include any L/C Issuer and the Swingline Lender. 

10.12 Treasury Management Agreements and Swap Contracts. 

Except as otherwise expressly set forth herein or in any Collateral Document, no Treasury Management Bank or Hedge Bank that obtains the
guarantees hereunder or any Collateral by virtue of the provisions hereof or of any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Credit Document or
otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Credit Documents. Notwithstanding any other
provision of this Article X to the contrary, no Agent shall be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Treasury Management Agreements and Swap
Contracts unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Treasury Management Bank or Hedge Bank, as the case
may be. 
 ARTICLE XI 

MISCELLANEOUS 
 11.01
Amendments, Etc. 
 No amendment or waiver of, or any consent to deviation from, any provision of this Credit
Agreement or any other Credit Document shall be effective unless in writing and signed by the Parent Borrower or the applicable Credit Party, as the case may be, and the Required Lenders and the Administrative Agent (at the direction of the Required
Lenders), and each such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which it is given; provided, however, that: 

(a) without the consent of each Lender, no such amendment, waiver or consent shall: 

(i) amend or waive any condition precedent to the initial Credit Extension set forth in Section 5.01 or
(solely with respect to the initial Credit Extension) any condition precedent set forth in Section 5.02, 

(ii) change any provision of this Credit Agreement regarding pro rata sharing or pro rata funding with respect to
(A) the making of advances (including participations), (B) the manner of application of payments or prepayments of principal, interest, or fees, (C) the manner of application 

 

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of reimbursement obligations from drawings under Letters of Credit, or (D) the manner of reduction of commitments and committed amounts, 

(iii) change any provision of this Section 11.01(a) or the definition of “Required Lenders” or any
other provision hereof specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, 

(iv) release all or substantially all of the Collateral (other than as provided herein as of the Closing Date), or

 (v) release all or substantially all of the value of the guarantees provided by the Domestic Guarantors or the
Foreign Guarantors (other than as provided herein as of the Closing Date) or, if any Foreign Subsidiary shall have been added as an additional Foreign Borrower pursuant to Section 1.08, release the Parent Borrower from its guarantee of
the obligations in respect of any borrowings by such Foreign Borrower; 
 (b) without the consent of each Lender
adversely affected thereby, no such amendment, waiver or consent shall: 
 (i) extend or increase the Commitment
of any Lender (or reinstate any Commitment terminated pursuant to Section 9.02), it being understood that the amendment or waiver of an Event of Default or a mandatory reduction or a mandatory prepayment in Commitments shall not be
considered an increase in Commitments, 
 (ii) waive non-payment or postpone any date fixed by this Credit
Agreement or any other Credit Document for any payment of principal, interest, fees or other amounts due to any Lender hereunder or under any other Credit Document or change the scheduled final maturity of any Loan or any B/A, 

(iii) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or any amount
payable in respect of B/As or any fees or other amounts payable hereunder or under any other Credit Document; provided, however, that only the consent of the Required Lenders shall be necessary (A) to amend the definition of
“Default Rate” or to waive any obligation of the applicable Borrower to pay interest or Letter of Credit Fees at the Default Rate or (B) to amend any financial covenant hereunder (or any defined term used therein) even if the effect
of such amendment would be to reduce the rate of interest on any Loan or L/C Borrowing, or any amount payable in respect of B/As or to reduce any fee payable hereunder, or 

(iv) except as otherwise expressly permitted in the Credit Documents as in effect on the Closing Date, expressly
subordinate any of the Obligations in right of payment to any other obligations or subordinate all or substantially all of the Liens securing the Obligations to Liens securing any other Indebtedness; 

(c) unless signed by the Required Term A Lenders, no such amendment, waiver or consent shall: 

(i) amend or waive the manner of application of any mandatory prepayment to the Term A Loans under
Section 2.06(c), or 
 (ii) amend or waive the provisions of this Section 11.01(c) or the
definition of “Required Term A Lenders”; 
 (d) unless signed by the Required Term B Lenders, no such
amendment, waiver or consent shall: 
  

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 (i) amend or waive the manner of application of any mandatory prepayment to
the Term B Loans under Section 2.06(c), or 
 (ii) amend or waive the provisions of this
Section 11.01(c) or the definition of “Required Term B Lenders”; 
 (e) any such amendment,
waiver or consent to any provision that relates to the Term A Loan Commitments and/or Term A Loans, the Term B Loan Commitments and/or Term B Loans or the Revolving Commitments and/or Revolving Loans but does not apply (or applies differently) to
the other Commitments and/or Loans, shall also require the consent of the Required Term A Lenders, Required Term B Lenders or Required Revolving Lenders, respectively; 

(f) any such amendment, waiver or consent to any provision that relates to (i) the Dollar Revolving Commitments or
Dollar Revolving Loans, on the one hand, but not the Limited Currency Revolving Commitments, Multicurrency Revolving Commitments, Limited Currency Revolving Loans or Multicurrency Revolving Loans, on the other hand, (ii) the Limited Currency
Revolving Commitments or Limited Currency Revolving Loans, on the one hand, but not the Dollar Revolving Commitments, Multicurrency Revolving Commitments, Dollar Revolving Loans or Multicurrency Revolving Loans, on the other hand, or (iii) the
Multicurrency Revolving Commitments or Multicurrency Revolving Loans, on the one hand, but not the Dollar Revolving Commitments, Limited Currency Revolving Commitments, Dollar Revolving Loans or Limited Currency Revolving Loans, on the other hand,
or applies differently to (x) the Dollar Revolving Commitments or Dollar Revolving Loans, on the one hand, and to the Limited Currency Revolving Commitments, Multicurrency Revolving Commitments, Limited Currency Revolving Loans or Multicurrency
Revolving Loans, on the other hand, (y) the Limited Currency Revolving Commitments or Limited Currency Revolving Loans, on the one hand, and the Dollar Revolving Commitments, Multicurrency Revolving Commitments, Dollar Revolving Loans or
Multicurrency Revolving Loans, on the other hand, or (z) the Multicurrency Revolving Commitments or Multicurrency Revolving Loans, on the one hand, and the Dollar Revolving Commitments, Limited Currency Revolving Commitments, Dollar Revolving
Loans or Limited Currency Revolving Loans, on the other hand, shall also require the consent of the Required Dollar Revolving Lenders, the Required Limited Currency Revolving Lenders or the Required Multicurrency Revolving Lenders, respectively;

 (g) unless also signed by the Required Revolving Lenders, no such amendment, waiver or consent shall amend or
waive (i) the provisions of this Section 11.01(g), (ii) the definition of “Required Revolving Lenders” or (iii) any condition precedent to any Credit Extension (other than the initial Credit Extension) set forth
in Section 5.02 or Section 5.03; 
 (h) unless also signed by the Required Dollar
Revolving Lenders, no such amendment, waiver or consent shall amend or waive the provisions of this Section 11.01(h) or the definition of “Required Dollar Revolving Lenders”; 

(i) unless also signed by the Required Limited Currency Revolving Lenders, no such amendment, waiver or consent shall
amend or waive the provisions of this Section 11.01(i) or the definition of “Required Limited Currency Revolving Lenders”; 

(j) unless also signed by the Required Multicurrency Revolving Lenders, no such amendment, waiver or consent shall amend
or waive the provisions of this Section 11.01(j) or the definition of “Required Multicurrency Revolving Lenders”; 

(k) unless also consented to in writing by an L/C Issuer, no such amendment, waiver or consent shall affect the rights or
duties of such L/C Issuer under this Credit Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it; 

(l) unless also consented to in writing by the Swingline Lender, no such amendment, waiver or consent shall affect the
rights or duties of the Swingline Lender under this Credit Agreement; 
  

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 (m) unless also consented to in writing by the Administrative Agent, no such
amendment, waiver or consent shall affect the rights or duties of the Administrative Agent under this Credit Agreement or any other Credit Document; and 

(n) unless also consented to in writing by the Collateral Agent, no such amendment, waiver or consent shall affect the
rights or duties of the Collateral Agent under this Credit Agreement or any other Credit Document; 
 provided, however, that
notwithstanding anything to the contrary contained herein, (i) each Lender is entitled to vote as such Lender sees fit on any bankruptcy or insolvency reorganization plan that affects the Loans, (ii) each Lender acknowledges that the
provisions of Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent provisions set forth herein, (iii) the Required Lenders may consent to allow a Credit Party to use cash collateral in the context of
a bankruptcy or insolvency proceeding, (iv) Section 11.06(h) may not be amended, waived or otherwise modified without the consent of each Granting Lender all or any part of whose Loans are being funded by a SPC at the time of such
amendment, waiver or other modification, (v) the Engagement Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto and (vi) the Administrative Agent Fee Letter may be amended, or
rights or privileges thereunder waived, in a writing executed only by the parties thereto. 
 Notwithstanding anything to the
contrary contained in this Section 11.01, (a) if the Administrative Agent and the Parent Borrower shall have jointly identified an obvious error (including, but not limited to, an incorrect cross-reference) or any error or omission
of a technical nature, in each case, in any provision of any Credit Document, then the Administrative Agent and/or the Collateral Agent (acting in their sole discretion) and the Parent Borrower or any other relevant Credit Party shall be permitted
to amend such provision or cure any ambiguity, defect or inconsistency and such amendment shall become effective without any further action or consent of any other party to any Credit Document, and (b) the Parent Borrower and the Administrative
Agent and/or the Collateral Agent shall have the right to amend any Credit Document without notice to or consent of any other person to the extent described in the last paragraph of each of Sections 2.01(g) and (h) and in
Section 1.08 or for the purpose of ensuring the enforceability of any local law pledge agreement entered into with respect to the Capital Stock of any Foreign Subsidiary. 

11.02 Notices; Effectiveness; Electronic Communication. 

(a) Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone (and
except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by
telecopier or, with confirmation of receipt, electronic mail as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows: 

(i) if to the Parent Borrower, an Agent, an L/C Issuer or the Swingline Lender, to the address, telecopier number,
electronic mail address or telephone number specified for such Person on Schedule 11.02; and 
 (ii) if to
any other Lender, to the address, telecopier number, electronic mail address or telephone number specified in its Administrative Questionnaire. 

Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices
sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient).
Notices delivered through electronic communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b). 

(b) Electronic Communications. Notices and other communications to the Lenders and the L/C Issuers hereunder may be delivered or
furnished by electronic communication (including e-mail and Internet or intranet 
  

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websites) pursuant to procedures approved by the Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or L/C Issuer pursuant to Article II if
such Lender or L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Parent Borrower may, in its discretion, agree
to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. 

Unless the Administrative Agent otherwise prescribes, (i) notices and other communications sent (a) to an e-mail address shall
be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, if available, return e-mail or other written acknowledgement) and (b) by
facsimile shall be deemed received upon the sender’s receipt of a notice of the successful transmission of such facsimile or upon the recipient’s written acknowledgement of receipt of such facsimile, provided, in each case, that if
such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient, and
(ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that
such notice or communication is available and identifying the website address therefor. 
 (c) THE PLATFORM IS PROVIDED “AS
IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE CREDIT PARTY MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM
THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS
MADE BY ANY AGENT PARTY IN CONNECTION WITH THE CREDIT PARTY MATERIALS OR THE PLATFORM. In no event shall any Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to any Credit Party, Lender, L/C
Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any Credit Party’s or any Agent’s transmission of Credit Party Materials through the
Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of
such Agent Party; provided, however, that in no event shall any Agent Party have any liability to any Credit Party, Lender, L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed
to direct or actual damages). 
 (d) Change of Address, Etc. Each of the Parent Borrower, each Agent, each L/C Issuer and
the Swingline Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, telecopier or telephone number for notices
and other communications hereunder by notice to the Parent Borrower, each Agent, each L/C Issuer and the Swingline Lender. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent
has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. 

(e) Reliance by each Agent, L/C Issuer and Lender. Each Agent, L/C Issuer and Lender shall be entitled to rely and act upon any
notices (including telephonic Loan Notices and Loan Notices for Swingline Loans) purportedly given by or on behalf of any Borrower even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or
followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrowers shall indemnify each Agent, L/C Issuer, Lender and the Related Parties of each
of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of any Borrower. All telephonic notices to and other telephonic communications with any Agent may be
recorded by such Agent, and each of the parties hereto hereby consents to such recording. 
  

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 11.03 No Waiver; Cumulative Remedies; Enforcement. 

No failure by any Lender, L/C Issuer, Swingline Lender or Agent to exercise, and no delay by any such Person in exercising, any right,
remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right,
remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

Notwithstanding anything to the contrary contained herein or in any other Credit Document, the authority to enforce rights and remedies
hereunder and under the other Credit Documents against the Credit Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by,
the Administrative Agent in accordance with Section 9.02 for the benefit of all the Lenders and the L/C Issuers; provided, however, that the foregoing shall not prohibit (a) any Agent from exercising on its own behalf
the rights and remedies that inure to its benefit (solely in its capacity as such Agent) hereunder and under the other Credit Documents, (b) any L/C Issuer or the Swingline Lender from exercising the rights and remedies that inure to its
benefit (solely in its capacity as L/C Issuer or Swingline Lender, as the case may be) hereunder and under the other Credit Documents, (c) any Lender from exercising setoff rights in accordance with Section 11.08 (subject to the
terms of Section 2.12), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Credit Party under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Credit Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative
Agent pursuant to Section 9.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.12, any Lender may, with the
consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders. 
 11.04
Expenses; Indemnity; Damage Waiver. 
 (a) Costs and Expenses. The Borrowers shall pay (i) all reasonable
documented out-of-pocket expenses incurred by each Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for any Agent), in connection with the administration, syndication and closing of the credit facilities
provided for herein, the preparation, due diligence, negotiation, execution, delivery and administration of this Credit Agreement and the other Credit Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether
or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by any L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any
demand for payment thereunder and (iii) all reasonable out-of-pocket expenses incurred by any Agent, Lender or L/C Issuer (including the reasonable fees, charges and disbursements of any counsel to any Agent, Lender or L/C Issuer), and all fees
and time charges for attorneys who may be employees of any Agent, Lender or L/C Issuer, in connection with the enforcement or protection of its rights (A) in connection with this Credit Agreement and the other Credit Documents, including its
rights under this Section, or (B) in connection with the Loans made, B/As accepted or purchased or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in
respect of such Loans, B/As or Letters of Credit. 
 (b) Indemnification by the Borrowers. The Borrowers shall indemnify
each Agent (and any sub-agents thereof), Lender and L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all
losses, claims, damages, liabilities and related expenses (including any settlement costs and reasonable fees, charges and disbursements of any counsel for any Indemnitee), incurred by any Indemnitee or asserted against any Indemnitee by any third
party or by the Borrowers or any other Credit Party arising out of, in connection with, or as a result of (i) the execution or delivery of this Credit Agreement, any other Credit Document or any agreement or instrument contemplated hereby or
thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Agents (and any sub-agents thereof) and their
Related Parties only, the administration of this Credit Agreement and the other Credit Documents, (ii) any Loan, B/A or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an L/C Issuer to honor a
demand for payment under a Letter of Credit if the documents presented in connection with 
  

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such demand do not strictly comply with the terms of such Letter of Credit), (iii) any Environmental Liability related to the Parent Borrower or any of its Subsidiaries, or (iv) any
claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Parent Borrower or any other Credit Party, and regardless of whether any
Indemnitee is a party thereto, in all cases, whether or not caused by or arising, in whole or in part, out of comparative, contributory or sole negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee, be
available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Indemnitee or (y) result from a claim brought by the Parent Borrower or any other Credit Party against an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Credit Document,
if the Parent Borrower or such Credit Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. 

(c) Reimbursement by Lenders. To the extent that the Borrowers for any reason fails to indefeasibly pay any amount required under
subsections (a) or (b) of this Section to be paid by them to any Agent (or any sub-agent thereof), L/C Issuer or Related Party of any of the foregoing, each Lender severally agrees to pay to such Agent (or any such
sub-agent), L/C Issuer or Related Party, as the case may be (but, in each case, without affecting the Borrowers’ obligations with respect thereto), such Lender’s Aggregate Revolving Commitment Percentage or, in the case of L/C Obligations,
L/C Commitment Percentage (as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense,
as the case may be, was incurred by or asserted against such Agent (or any such sub-agent), L/C Issuer in its capacity as such, or Related Party of any of the foregoing acting for such Agent (or any such sub-agent) or L/C Issuer in connection with
such capacity. The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.11(d). 

(d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, the Borrowers shall not assert, and
hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Credit
Agreement, any other Credit Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan, B/A or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in
subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems
in connection with this Credit Agreement or the other Credit Documents or the transactions contemplated hereby or thereby. 

(e) Payments. All amounts due under this Section shall be payable not later than ten (10) Business Days after demand
therefor. 
 (f) Survival. The agreements in this Section shall survive the resignation of any Agent and L/C Issuer, the
replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 

11.05 Payments Set Aside. 

To the extent that any payment by or on behalf of the Borrowers is made to any Agent, L/C Issuer or Lender, or any Agent, L/C Issuer or
Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered
into by any Agent, L/C Issuer or Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the
obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and L/C Issuer severally agrees to
pay to such Agent on demand its applicable share (without duplication) of any amount so recovered from or repaid by such Agent plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to
the Federal Funds Rate from time to time in 
  

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effect. The obligations of the Lenders and the L/C Issuers under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this
Credit Agreement. 
 11.06 Successors and Assigns. 

(a) Successors and Assigns Generally. The provisions of this Credit Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby, except that neither the Parent Borrower nor any other Credit Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written
consent of the Administrative Agent and each Lender (other than in connection with a transaction permitted by Section 8.04) and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an
Eligible Assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or
assignment of a security interest subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Credit Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent
expressly contemplated hereby, the Related Parties of each of each Agent, L/C Issuer and Lender) any legal or equitable right, remedy or claim under or by reason of this Credit Agreement. 

(b) Assignments by Lenders. Any Lender may at any time assign to one (1) or more Eligible Assignees all or a portion of its
rights and obligations under this Credit Agreement (including all or a portion of its Commitment and the Loans (including for purposes of this subsection (b), participations in L/C Obligations and in Swingline Loans) at the time owing to it);
provided that 
 (i) except in the case of an assignment of the entire remaining amount of the assigning
Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate amount of the Commitment (which for this purpose
includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with
respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than (A) in the case of Revolving Commitments and Revolving
Loans, $5.0 million, and (B) in the case each of the Term Loans, $1.0 million, unless, in each case, each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Parent Borrower otherwise consents
(each such consent not to be unreasonably withheld or delayed and provided that the Parent Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within
five (5) Business Days after having received notice thereof), it being understood that assignments to a Lender or an Affiliate of a Lender or an Approved Fund shall not be subject to such minimum amounts; 

(ii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Dollar Revolving
Lender’s rights and obligations under this Credit Agreement with respect to the Dollar Revolving Loans and the Dollar Revolving Commitment assigned, except that this clause (ii) shall not apply to rights in respect of Swingline
Loans; 
 (iii) each partial assignment shall be made as an assignment of a proportionate part of all the
assigning Limited Currency Revolving Lender’s rights and obligations under this Credit Agreement with respect to the Limited Currency Revolving Loans and the Limited Currency Revolving Commitment assigned; 

(iv) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Multicurrency
Revolving Lender’s rights and obligations under this Credit Agreement with respect to the Multicurrency Revolving Loans and the Multicurrency Revolving Commitment assigned; 

 

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 (v) each partial assignment shall be made as an assignment of a
proportionate part of all the assigning Term Loan Lender’s rights and obligations under this Credit Agreement with respect to the Term Loans or Term Loan Commitment assigned 

(vi) any assignment of (A) a Dollar Revolving Commitment and Dollar Revolving Loans must be approved by the
Administrative Agent, each Dollar L/C Issuer and the Swingline Lender and, so long as no Event of Default has occurred and is continuing, the Parent Borrower (each such approval not to be unreasonably withheld or delayed and provided that the
Parent Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof); provided that the
Parent Borrower’s approval shall not be required if the proposed assignee is a Lender, an Affiliate of a Lender or an Approved Fund; (B) a Limited Currency Revolving Commitment and Limited Currency Revolving Loans must be approved by the
Administrative Agent and each Multicurrency L/C Issuer and, so long as no Event of Default has occurred and is continuing, the Parent Borrower (each such approval not to be unreasonably withheld or delayed and provided that the Parent
Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof); provided that the Parent
Borrower’s approval shall not be required if the proposed assignee is a Lender, an Affiliate of a Lender or an Approved Fund; (C) a Multicurrency Revolving Commitment and Multicurrency Revolving Loans must be approved by the Administrative
Agent and, so long as no Event of Default has occurred and is continuing, the Parent Borrower (each such approval not to be unreasonably withheld or delayed and provided that the Parent Borrower shall be deemed to have consented to any such
assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof); provided that the Parent Borrower’s approval shall not be required if the
proposed assignee is a Lender, an Affiliate of a Lender or an Approved Fund; and (D) the Term Loans must be approved by the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Parent Borrower (each such
approval not to be unreasonably withheld or delayed and provided that the Parent Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five
(5) Business Days after having received notice thereof); provided that no approval shall be required if the proposed assignee is a Lender, an Affiliate of a Lender or an Approved Fund; and 

(vii) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee in the amount of $3,500, and the Eligible Assignee, if it shall not be a Lender, shall (A) deliver to the Administrative Agent an Administrative Questionnaire and (B) deliver to the applicable
Borrower and the Applicable Agent the forms required to be delivered pursuant to Section 3.01(e). 
 Subject to acceptance and
recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a party to this Credit
Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Credit Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by
such Assignment and Assumption, be released from its obligations under this Credit Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Credit Agreement, such
Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05, and 11.04 (subject to the requirements and limitations of such Sections) with respect to facts and
circumstances occurring prior to the effective date of such assignment. Upon request, the applicable Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations
under this Credit Agreement that does not comply with this subsection shall be treated for purposes of this Credit Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of
this Section. 
 (c) Register. The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the
Borrowers, shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts
(and related interest amounts) of the Loans, acceptance and purchase of any B/As and L/C Obligations 
  

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and the interest thereon owing and paid to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent
manifest error, and the Borrowers, the Agents and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Credit Agreement, notwithstanding notice to the
contrary. The Register shall be available for inspection by each of the Parent Borrower, the Agents and the L/C Issuers at any reasonable time and from time to time upon reasonable prior notice. In addition, at any time that a request for a consent
for a material or substantive change to the Credit Documents is pending, any Lender may request and receive from the Administrative Agent a copy of the Register. 

Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an Eligible Assignee, the Eligible
Assignee’s completed Administrative Questionnaire (unless the Eligible Assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such
assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register; provided that if either the assigning Lender or the
Eligible Assignee shall have failed to make any payment required to be made by it pursuant to Section 2.02(b), 2.03(c), 2.04(b), 2.11(b) or 11.04(c), the Administrative Agent shall have no obligation to accept
such Assignment and Assumption and record the information therein in the Register unless and until such payment shall have been made in full, together with all accrued interest thereon. No assignment shall be effective for purposes of this Credit
Agreement unless it has been recorded in the Register as provided in this paragraph. 
 (d) Participations. Any Lender
may at any time, without the consent of, or notice to, the Borrowers or the Administrative Agent, sell participations to any Person (other than a natural person or the Parent Borrower or any of the Parent Borrower’s Affiliates or Subsidiaries)
(each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Credit Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s participations in
L/C Obligations and/or Swingline Loans) owing to it); provided that (i) such Lender’s obligations under this Credit Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto
for the performance of such obligations and (iii) the Borrowers, the Agents, the Lenders and the L/C Issuers shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this
Credit Agreement. Each Lender, acting solely for this purpose as a non-fiduciary agent of the Borrowers, shall maintain a register for the recordation of the names and addresses of such Participants and the rights, interests or obligations of such
Participants in any Obligation, in any Commitment and in any right to receive any principal, interest and other payments thereunder (the “Participant Register”). The entries in the Participant Register shall be conclusive absent
manifest error and such Lender shall treat each person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Credit Agreement notwithstanding any notice to the contrary. 

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole
right to enforce this Credit Agreement and to approve any amendment, modification or waiver of any provision of this Credit Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of
the Participant, agree to any amendment, waiver or other modification described in Section 11.01(a)(iv) or (v) or, to the extent the Participant is affected thereby, Section 11.01(b)(i), (ii) or
(iii). Subject to subsection (e) of this Section, each Participant (i) shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements and limitations of such Sections) to
the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section and (ii) shall be subject to Sections 3.06 and 11.13(a) to the same extent as if it were a Lender and had
acquired its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.08 as though it were a Lender, provided
such Participant agrees to be subject to Section 2.12 as though it were a Lender. 
 (e) Limitation upon
Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such
Participant, unless the sale of the participation to such Participant is made with the Parent Borrower’s prior written consent to such sale and such greater payment, not to be unreasonably withheld or delayed (it being agreed, without
limitation, that it will be reasonable for the Parent Borrower to withhold consent if giving consent would result in increased indemnification obligations at the time the participation takes effect or would be reasonably certain to result in
increased indemnification obligations thereafter as a result of a Change in Law announced 
  

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prior to the time the participation takes effect). For the avoidance of doubt, a Participant entitled to benefits under Section 3.01, 3.04 or 3.05 shall be subject to
all of the limitations and requirements of such Sections as if it were a Lender (including, in the case of Section 3.01, all of the limitations in the definition of Excluded Taxes). 

(f) Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under
this Credit Agreement (including under its Note(s), if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release
such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(g) Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and words of
like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature
or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic
Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. 
 (h) Special
Purpose Funding Vehicles. Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle identified as such in writing from time to time by the Granting
Lender to the Administrative Agent and the Parent Borrower (an “SPC”) the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make pursuant to this Credit Agreement;
provided that (i) nothing herein shall constitute a commitment by any SPC to fund any Loan, and (ii) if a SPC elects not to exercise such option or otherwise fails to make all or any part of such Loan, the Granting Lender shall be
obligated to make such Loan pursuant to the terms hereof or, if it fails to do so, to make such payment to the Applicable Agent as is required under Section 2.11(b)(i). Each party hereto hereby agrees that (i) neither the grant to
any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or otherwise increase or change the obligations of the Borrowers under this Credit Agreement (including its obligations under Section 3.04),
(ii) no SPC shall be liable for any indemnity or similar payment obligation under this Credit Agreement for which a Lender would be liable, and (iii) the Granting Lender shall for all purposes, including the approval of any amendment,
waiver or other modification of any provision of any Credit Document, remain the lender of record hereunder. The making of a Loan by a SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were
made by such Granting Lender. In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive the termination of this Credit Agreement) that, prior to the date that is one (1) year and one (1) day after the
payment in full of all outstanding commercial paper or other senior debt of any SPC, it will not institute against, or join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency, or liquidation
proceeding under the laws of the United States or any State thereof. Notwithstanding anything to the contrary contained herein, any SPC may (i) with notice to, but without prior consent of the Parent Borrower and the Administrative Agent and
with the payment of a processing fee in the amount of $2,500, assign all or any portion of its right to receive payment with respect to any Loan to the Granting Lender and (ii) disclose on a confidential basis any non-public information
relating to its funding of Loans to any rating agency, commercial paper dealer or provider of any surety or guarantee or credit or liquidity enhancement to such SPC. Each SPC (i) shall be entitled to the benefits of Sections 3.01,
3.04 and 3.05 (subject to the requirements and limitations of such Sections) to the same extent as if it were a Granting Lender and had acquired its interest by assignment pursuant to Section 11.06(b) and (ii) shall be
subject to Sections 3.06 and 11.13(a) to the same extent as if it were a Granting Lender and had acquired its interest by assignment pursuant to Section 11.06(b). A SPC shall not be entitled to receive any greater payment under
Section 3.01, 3.04 or 3.05 than the applicable Granting Lender would have been entitled to receive with respect to the interest granted to such SPC unless the grant of the interest is made with the Parent Borrower’s
prior written consent to such grant and such greater payment, not to be unreasonably withheld or delayed (it being agreed, without limitation, that it will be reasonable for the Parent Borrower to withhold consent if giving consent would result in
increased indemnification obligations at the time the grant to the SPC takes effect or would be reasonably certain to result in increased indemnification obligations thereafter as a result of a Change in Law announced prior to the time the grant to
the SPC takes effect). For the avoidance of doubt, an SPC entitled to benefits under Section 3.01, 3.04 or 3.05 shall be subject to all of the 

 

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limitations and requirements of such Sections as if it were a Granting Lender (including, in the case of Section 3.01, all of the limitations in the definition of Excluded Taxes).

 (i) Resignation as L/C Issuer or Swingline Lender After Assignment. Notwithstanding anything to the contrary contained
herein, if at any time any L/C Issuer or Swingline Lender assigns all of its Commitment and Loans pursuant to subsection (b) above, such L/C Issuer or Swingline Lender may, (i) upon thirty (30) days’ notice to the Parent
Borrower and the Lenders, resign as L/C Issuer and/or (ii) upon thirty (30) days’ notice to the Parent Borrower, resign as Swingline Lender. In the event of any such resignation as L/C Issuer or Swingline Lender, the Parent Borrower
shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swingline Lender hereunder; provided, however, that no failure by the Parent Borrower to appoint any such successor shall affect the resignation of such L/C
Issuer or Swingline Lender as L/C Issuer or Swingline Lender, as the case may be. If any L/C Issuer resigns as L/C Issuer, it shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit
outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to fund risk participations in Unreimbursed Amounts pursuant to
Section 2.03(c)). If any Swingline Lender resigns as Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with respect to Swingline Loans made by it and outstanding as of the effective date of
such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swingline Loans pursuant to Section 2.04(b). Upon the appointment of a successor L/C Issuer and/or Swingline
Lender, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swingline Lender, as the case may be, and (b) the successor L/C Issuer shall issue letters of
credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring L/C Issuer to effectively assume the obligations of the retiring L/C Issuer with respect to
such Letters of Credit. 
 11.07 Treatment of Certain Information; Confidentiality. 

Each of the Agents, Lenders and L/C Issuers agrees to maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, trustees, advisors and representatives (it being understood that the Persons to whom such
disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including
any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto,
(e) in connection with the exercise of any remedies hereunder or under any other Credit Document or any action or proceeding relating to this Credit Agreement or any other Credit Document or the enforcement of rights hereunder or thereunder,
(f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this
Credit Agreement, (ii) any actual or prospective counterparty (or advisors) to any swap, derivative transaction relating to the Borrowers and their obligations, (g) subject to each such Person being informed of the confidential nature of
the Information and to their agreement to keep such Information confidential, to (i) an investor or prospective investor in securities issued by an Approved Fund that also agrees that Information shall be used solely for the purpose of
evaluating an investment in such securities issued by the Approved Fund, (ii) a trustee, collateral manager, servicer, backup servicer, noteholder or secured party in securities issued by an Approved Fund in connection with the administration,
servicing and reporting on the assets serving as collateral for securities issued by an Approved Fund, or (iii) a nationally recognized rating agency that requires access to information regarding the Credit Parties, the Loans and Credit
Documents in connection with ratings issued in respect of securities issued by an Approved Fund, (h) with the consent of the Parent Borrower or (i) to the extent such Information (x) becomes publicly available other than as a result
of a breach of this Section or (y) becomes available to any Agent, Lender, L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than the Parent Borrower. 

For purposes of this Section, “Information” means all information received from the Parent Borrower or any Subsidiary
relating to the Parent Borrower or any Subsidiary or any of their respective businesses, other than any such information that is available to the any Agent, Lender or L/C Issuer on a nonconfidential basis prior to disclosure by the Parent Borrower
or any Subsidiary. In the case of Information received from the Parent Borrower or 
  

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any Subsidiary after the date hereof, such Information is clearly identified at the time of delivery. Any Person required to maintain the confidentiality of Information as provided in this
Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

 Each of the Agents, Lenders and L/C Issuers acknowledges that (a) the Information may include material non-public
information concerning the Parent Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such material non-public information in
accordance with applicable Law, including federal and state securities Laws. 
 11.08 Right of Setoff. 

If an Event of Default shall have occurred and be continuing, each Lender, L/C Issuer and each of their respective Affiliates is hereby
authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other
obligations (in whatever currency) at any time owing by such Lender, L/C Issuer or any such Affiliate to or for the credit or the account of the Parent Borrower or any other Credit Party against any and all of the obligations of such Parent Borrower
or such Credit Party now or hereafter existing under this Credit Agreement or any other Credit Document to such Lender or L/C Issuer, irrespective of whether or not such Lender or L/C Issuer shall have made any demand under this Credit Agreement or
any other Credit Document and although such obligations of such Parent Borrower or such Credit Party may be contingent or unmatured or are owed to a branch or office of such Lender or L/C Issuer different from the branch or office holding such
deposit or obligated on such indebtedness. The rights of each Lender, L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, L/C Issuer or their
respective Affiliates may have. Each Lender and L/C Issuer agrees to notify the Parent Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the
validity of such setoff and application. 
 11.09 Interest Rate Limitation. 

Notwithstanding anything to the contrary contained in any Credit Document, the interest paid or agreed to be paid under the Credit
Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If any Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest
shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the applicable Borrower. In determining whether the interest contracted for, charged, or received by an Agent or a Lender exceeds the Maximum Rate,
such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and
(c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

11.10 Counterparts; Integration; Effectiveness. 

This Credit Agreement may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract. This Credit Agreement and the other Credit Documents constitute the entire contract among the parties relating to the subject matter hereof and
supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 5.01, this Credit Agreement shall become effective when it shall have been executed by
the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this
Credit Agreement by telecopy or other electronic imaging means shall be as effective as delivery of a manually executed counterpart of this Credit Agreement. 
  

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 11.11 Survival of Representations and Warranties. 

All representations and warranties made hereunder and in any other Credit Document or other document delivered pursuant hereto or thereto
or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by each Agent and Lender, regardless of any investigation made by any Agent or
Lender or on their behalf and notwithstanding that any Agent or Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation
hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 
 11.12 Severability. 

If any provision of this Credit Agreement or the other Credit Documents is held to be illegal, invalid or unenforceable, (a) the
legality, validity and enforceability of the remaining provisions of this Credit Agreement and the other Credit Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction. 
 11.13 Replacement of Lenders. 

(a) If any Lender requests compensation under Section 3.04, or if any Borrower is required to pay any additional amount to any
Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if any other circumstance exists hereunder that gives the Parent Borrower the right to replace a Lender as a party hereto, then the Parent
Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents
required by, Section 11.06), all of its interests, rights and obligations under this Credit Agreement and the related Credit Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender
accepts such assignment), provided that: 
 (i) the Parent Borrower shall have paid to the Administrative
Agent the assignment fee specified in Section 11.06(b); 
 (ii) such Lender shall have received
payment of an amount equal to the outstanding principal of its Loans and L/C Advances, accrued interest thereon, amounts owing to it in respect of B/As, accrued fees and all other amounts payable to it hereunder and under the other Credit Documents
(including any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Parent Borrower (in the case of all other amounts); 

(iii) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or
payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; 

(iv) such assignment does not conflict with applicable Laws; and 

(v) such assignment is recorded in the Register. 

(b) If, in connection with any proposed amendment, change, waiver, discharge or termination of any of the provisions of this Credit
Agreement or any other Credit Document as contemplated by Section 11.01, the consent of the Required Lenders (or Required Approved Currency Revolving Lenders, Required Dollar Revolving Lenders, Required Term A Lenders or Required
Term B Lenders, as the case may be) is obtained but the consent of one or more of such other Lenders whose consent is required is not obtained (any such Lender whose consent is not obtained as described in this clause (b) being
referred to as a “Non-Consenting Lender”), then, at the Borrower’s request, any Eligible Assignee reasonably acceptable to the Administrative Agent shall have the right to purchase

  

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from such Non-Consenting Lender, and such Non-Consenting Lender agrees that it shall, upon the Administrative Agent’s request, sell and assign to such Eligible Assignee, all of the
Commitments and Loans of such Non-Consenting Lender for an amount equal to the principal balance of all Loans and L/C Advances held by the Non-Consenting Lender and all accrued and unpaid interest and fees with respect thereto and all other amounts
payable to it hereunder through the date of sale and payment by the Borrowers to the Administrative Agent of the assignment fee under Section 11.06(b); provided, however, that such purchase and sale shall not be effective
until (x) the Administrative Agent shall have received from such Eligible Assignee an agreement in form and substance satisfactory to the Administrative Agent and the Parent Borrower whereby such Eligible Assignee shall agree to be bound by the
terms hereof and (y) such Non-Consenting Lender shall have received payments of all Loans held by it and all accrued and unpaid interest and fees with respect thereto and all other amounts payable to it hereunder through the date of the sale.
Each Lender agrees that, if it becomes a Non-Consenting Lender, it shall execute and deliver to the Administrative Agent an Assignment and Assumption to evidence such sale and purchase and shall deliver to the Administrative Agent any Note (if the
assigning Lender’s Loans are evidenced by a Note) subject to such Assignment and Assumption; provided, however, that the failure of any Non-Consenting Lender to execute an Assignment and Assumption shall not render such sale and
purchase (and the corresponding assignment) invalid. 
 A Lender that has assigned its interests, rights and obligations under
this Credit Agreement and the related Credit Documents pursuant to this Section 11.13 shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05 and 11.04 (subject to the requirements and
limitations of such Sections) with respect to facts and circumstances occurring prior to the effective date of such assignment. 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Parent Borrower to require such assignment and delegation cease to apply. 
 11.14 Governing
Law; Jurisdiction; Etc. 
 (a) GOVERNING LAW. THIS CREDIT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 (b) SUBMISSION TO JURISDICTION. EACH PARTY HERETO IRREVOCABLY AND
UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN AND OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF SUCH STATE AND ANY
APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND
UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO
AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS CREDIT AGREEMENT OR IN ANY OTHER CREDIT
DOCUMENT SHALL AFFECT ANY RIGHT THAT ANY PARTY HERETO MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT AGAINST ANY OTHER PARTY HERETO OR ITS PROPERTIES IN THE COURTS OF ANY
JURISDICTION. 
 (c) WAIVER OF VENUE. EACH PARTY HERETO IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH
(B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE 
  

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LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN
SECTION 11.02. NOTHING IN THIS CREDIT AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

11.15 Waiver of Jury Trial. 

EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY
IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS CREDIT AGREEMENT AND THE OTHER CREDIT DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

11.16 USA PATRIOT Act Notice. 

Each Lender that is subject to the Act (as hereinafter defined) and the Agents (for itself and not on behalf of any Lender) hereby
notifies the Borrowers that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies the Borrowers, which information includes the name and address of the Borrowers and other
information that will allow such Lender or Agent, as applicable, to identify such Borrower in accordance with the Patriot Act. 
 11.17
Designation as Senior Debt. 
 All Obligations shall be “Designated Senior Indebtedness” (or such similar
defined term) for purposes of all documentation governing Subordinated Debt, to the extent such concept exists in the documentation governing such Subordinated Debt. 

11.18 Limitation on Foreign Credit Party Obligations. 

Notwithstanding anything to the contrary herein, no provision of this Agreement shall render any Foreign Credit Party liable for the
Obligations of any Domestic Credit Party. 
 11.19 No Advisory or Fiduciary Responsibility. 

In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other
modification hereof or of any other Credit Document), the Parent Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (i) (A) the arranging and other services regarding this Credit Agreement provided
by the Agents and the Lead Arrangers are arm’s-length commercial transactions between the Parent Borrower and its Affiliates, on the one hand, and the Agents and the other Lead Arrangers, on the other hand, (B) the Parent Borrower has
consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C) the Parent Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions
contemplated hereby and by the other Credit Documents; (ii) (A) each Agent and Lead Arranger is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will
not be acting as an advisor, agent or fiduciary for the Parent Borrower or any of its Affiliates, or any other Person and (B) no Agent or Lead Arranger has any obligation to the Parent Borrower or any of its Affiliates with respect to the
transactions contemplated hereby except those obligations 
  

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expressly set forth herein and in the other Credit Documents; and (iii) the Agents and the Lead Arrangers and their respective Affiliates may be engaged in a broad range of transactions that
involve interests that differ from those of the Parent Borrower and its Affiliates, and no Agent or any Lead Arranger has any obligation to disclose any of such interests to the Parent Borrower or its Affiliates. To the fullest extent permitted by
law, the Borrowers hereby waive and release any claims that it may have against any Agent or Lead Arranger with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby.

 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Credit Agreement to be duly executed
and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	PARENT BORROWER:
	
	LIVE NATION ENTERTAINMENT, INC
		
	By:	 	 /s/ Michael Rowles

	Name:	 	Michael Rowles
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	DOMESTIC GUARANTORS:
	
	LN ACQUISITION HOLDCO LLC
		
	By:	 	 LIVE NATION ENTERTAINMENT, INC.,

Its sole member

		
	By:	 	 /s/ Michael Rowles

	Name:	 	Michael Rowles
	Title:	 	Executive Vice President, General Counsel and Secretary
	
	CONNECTICUT PERFORMING ARTS PARTNERS
		
	By:	 	NOC, INC., a general partner
		
	By:	 	 /s/ Kathy Willard

	Name:	 	Kathy Willard
	Title:	 	Executive Vice President
		
	By:	 	CONNECTICUT AMPHITHEATER DEVELOPMENT CORPORATION, a general partner
		
	By:	 	 /s/ Kathy Willard

	Name:	 	Kathy Willard
	Title:	 	Executive Vice President

 [Credit
Agreement Signature Page] 

			
	 BILL GRAHAM ENTERPRISES, INC.

	CELLAR DOOR VENUES, INC.
	COBB’S COMEDY INC.
	 CONNECTICUT AMPHITHEATER DEVELOPMENT CORPORATION

	CONNECTICUT PERFORMING ARTS, INC.
	EVENING STAR PRODUCTIONS, INC.
	EVENTINVENTORY.COM, INC.
	EVENT MERCHANDISING INC.
	FILLMORE THEATRICAL SERVICES
	FLMG HOLDINGS CORP.
	HOB MARINA CITY, INC.
	IAC PARTNER MARKETING, INC.
	LIVE NATION HOLDCO # 1, INC.
	LIVE NATION HOLDCO #2, INC.
	LIVE NATION MARKETING, INC.
	LIVE NATION MTOURS (USA), INC.
	LIVE NATION TOURING (USA), INC.
	LIVE NATION UTOURS (USA), INC.
	LIVE NATION WORLDWIDE, INC,
	MICROFLEX 2001 LLC
	NETTICKETS.COM, INC.
	NOC, INC.
	OPENSEATS, INC.
	PREMIUM INVENTORY, INC.
	SHORELINE AMPHITHEATRE, LTD.
	SHOW ME TICKETS, LLC
	THE V.I.P. TOUR COMPANY
	TICKETMASTER ADVANCE TICKETS, L.L.C.
	 TICKETMASTER CALIFORNIA GIFT CERTIFICATES L.L.C.

	TICKETMASTER CHINA VENTURES, L.L.C.
	TICKETMASTER EDCS LLC
	 TICKETMASTER FLORIDA GIFT CERTIFICATES L.L.C.

	 TICKETMASTER GEORGIA GIFT CERTIFICATES L.L.C.

	TICKETMASTER-INDIANA, L.L.C.
	TICKETMASTER INDIANA HOLDINGS CORP.
	TICKETMASTER L.L.C.
	 TICKETMASTER MULTIMEDIA HOLDINGS LLC

	 TICKETMASTER NEW VENTURES HOLDINGS, INC.

	 TICKETMASTER WEST VIRGINIA GIFT CERTIFICATES LLC

	TICKETSNOW.COM, INC.
	TICKETWEB, LLC
	TM VISTA INC.
	TNA TOUR II (USA) INC.
	TNOW ENTERTAINMENT GROUP, INC.
		
	By:	 	 /s/ Kathy Willard

	Name:	 	Kathy Willard
	Title:	 	Executive Vice President

 [Credit
Agreement Signature Page] 

			
	 ELECTRIC FACTORY CONCERTS, INC.

	 HOB BOARDWALK, INC.

	 HOB CHICAGO, INC.

	 HOB ENTERTAINMENT, INC.

	 HOUSE OF BLUES ANAHEIM RESTAURANT CORP.

	 HOUSE OF BLUES CLEVELAND, LLC

	 HOUSE OF BLUES CONCERTS, INC.

	 HOUSE OF BLUES DALLAS RESTAURANT CORP.

	 HOUSE OF BLUES HOUSTON RESTAURANT CORP.

	 HOUSE OF BLUES LAS VEGAS RESTAURANT CORP.

	 HOUSE OF BLUES LOS ANGELES RESTAURANT CORP.

	 HOUSE OF BLUES MYRTLE BEACH RESTAURANT CORP.

	 HOUSE OF BLUES NEW ORLEANS RESTAURANT CORP.

	 HOUSE OF BLUES ORLANDO RESTAURANT CORP.

	 HOUSE OF BLUES RESTAURANT HOLDING CORP.

	 HOUSE OF BLUES SAN DIEGO RESTAURANT CORP.

	 LIVE NATION CHICAGO, INC.

	 LIVE NATION CONCERTS, INC

		
	 By:
	 	 /s/ Michael G. Rowles

	 Name:
	 	Michael G. Rowles
	 Title:
	 	President
	
	 HOUSE OF BLUES SAN DIEGO, LLC

	 LIVE NATION MERCHANDISE, IT

	 LIVE NATION STUDIOS, LLC

	 LIVE NATION TICKETING, LLC

	 LIVE NATION VENTURES, INC.

		
	 By:
	 	 /s/ Michael G. Rowles

	 Name:
	 	Michael G. Rowles
	 Title:
	 	General Counsel and Secretarial

[Credit Agreement Signature Page] 

			
	 LIVE NATION BOGART, LLC

	 LIVE NATION - HAYMON VENTURES, LLC

	 MICHIGAN LICENSES, LLC

	 MUSICTODAY, LLC

	 WILTERN RENAISSANCE LLC

		
	 By:
	 	LIVE NATION WORLDWIDE, INC.,
		 	its sole member
		
	 By:
	 	 /s/ Kathy Willard

	 Name:
	 	Kathy Willard
	 Title:
	 	Executive Vice President
	
	 AZOFF PROMOTIONS LLC

	 ENTERTAINERS ART GALLERY LLC

	 FRONT LINE BCC LLC

	 FRONT LINE MANAGEMENT GROUP, INC.

	 ILAA, INC.

	 ILA MANAGEMENT, INC.

	 MORRIS ARTISTS MANAGEMENT LLC

		
	 By:
	 	 /s/ Colin Hodgson

	 Name:
	 	Colin Hodgson
	 Title:
	 	Chief Financial Officer
	
	 FEA MERCHANDISE INC.

	 SPALDING ENTERTAINMENT, LLC

		
	 By:
	 	 /s/ Colin Hodgson

	 Name:
	 	Colin Hodgson
	 Title:
	 	Vice President, Secretary and Treasurer

[Credit Agreement Signature Page] 

					
	 JPMORGAN CHASE BANK, N.A., as

Administrative Agent, Collateral Agent,

Swingline Lender, an L/C Issuer and a Lender

		
	By:	 	 /s/ Tina Ruyter

		 	Name:	 	Tina Ruyter
		 	Title:	 	Executive Director

 [Credit
Agreement Signature Page] 

					
	JPMORGAN CHASE BANK, N.A.,
	TORONTO BRANCH, as Canadian Agent
		
	By:	 	 /s/ Tina Ruyter

		 	Name:	 	Tina Ruyter
		 	Title:	 	Executive Director

 [Credit
Agreement Signature Page] 

					
	J.P. MORGAN EUROPE LIMITED, as
	London Agent
		
	By.	 	 /s/ Belinda Lucas

		 	Name:	 	Belinda Lucas
		 	Title:	 	Associate

 [Credit Agreement
Signature Page] 

			
	GOLDMAN SACHS LENDING PARTNERS LLC,
	as a Lender
		
	By:	 	 /s/ Sean Gillricle

		 	Authorized Signatory

 [Signature
Page-for Live Nation Credit Agreement dated May     , 2010] 

					
	DEUTSCHE BANK AG, NEW YORK
	BRANCH, as a Lender
		
	By:	 	 /s/ Susan LeFevre

		 	Name:	 	Susan LeFevre
		 	Title:	 	Managing Director
		
	By:	 	 /s/ Paul O’Leary

		 	Name:	 	Paul O’Leary
		 	Title:	 	Director
		 		 	
	
	DEUTSCHE BANK AG, NEW YORK
	BRANCH, as a L/C Issuer
		
	By:	 	 /s/ Susan LeFevre

		 	Name:	 	Susan LeFevre
		 	Title:	 	Managing Director
		
	By:	 	 /s/ Paul O’Leary

		 	Name:	 	Paul O’Leary
		 	Title:	 	Director

 [Credit Agreement
Signature Page] 

					
	BANK OF AMERICA, N.A., as a Multicurrency
	L/C Issuer and a Lender
		
	By:	 	 /s/ Jay D. Marquis

		 	Name:	 	Jay D. Marquis
		 	Title:	 	Senior Vice President

 [Credit
Agreement Signature Page] 

					
	THE BANK OF NOVA SCOTIA, as a
	Lender
		
	By:	 	 /s/ BRENDA S. INSULL

		 	Name:	 	BRENDA S. INSULL
		 	Title:	 	AUTHORIZED SIGNATORY

 [Credit
Agreement Signature Page] 

			
	 THE ROYAL BANK OF SCOTLAND,

	 PLC, as a Lender

		
	By:	 	 /s/ VINCENT FITZGERALD

	Name:	 	VINCENT FITZGERALD
	Title:	 	MANAGING DIRECTOR

 [Credit
Agreement Signature Page] 

			
	WELLS FARGO BANK, NATIONAL
	ASSOCIATION, as a Lender
		
	By:	 	 /s/ Christine P. Ball

	Name:	 	Christine P. Ball
	Title:	 	Senior Vice President

 [Credit
Agreement Signature Page] 

					
	HSBC BANK USA, NATIONAL
	ASSOCIATION, as a Lender
		
	By:	 	 /s/ Steven T. Brennan

		 	Name:	 	Steven T. Brennan
		 	Title:	 	Vice President SC 15219

 [Credit
Agreement Signature Page] 

					
	MORGAN STANLEY BANK, N.A., as a
	Lender
		
	By:	 	 /s/ Sherrese Clarke

		 	Name:	 	Sherrese Clarke
		 	Title:	 	Authorized Signatory

 [Credit
Agreement Signature Page] 

					
	UNION BANK, N.A., as a Lender
		
	By:	 	 /s/ Cary Moore

		 	Name:	 	Cary Moore
		 	Title:	 	Senior Vice President

 [Credit
Agreement Signature Page] 

					
	U.S. BANK NATIONAL ASSOCIATION, as
	a Lender
		
	By:	 	 /s/ Thomas G. Gunder

		 	Name:	 	Thomas G. Gunder
		 	Title:	 	SVP

 [Credit Agreement Signature
Page] 

					
	STATE BANK OF INDIA, as a Lender
		
	By:	 	 /s/ Prabodh Parikh

		 	Name:	 	Prabodh Parikh
		 	Title:	 	Vice-President & Head (Credit)

[Credit Agreement Signature Page] 

 SCHEDULE 1.01A 

Designated Sale and Leaseback Assets 

1. Chestnut Theatre (formerly known as the Boyd Theatre) is a theatrical venue with an estimated seating capacity of 2,340 owned by Boyd Development, LP
located at 1908-18 Chestnut Street, Philadelphia, Pennsylvania. The venue is not in operation. 
 2. St. Andrews Hall is a small-sized music
venue with an estimated seating capacity of 820 owned by Ritual, Inc. located at 431 East Congress Street, Detroit, Michigan. 
 3. Sleep Train
Amphitheatre is an outdoor amphitheater located at 2677 Forty Mile Road, Wheatland, California. It has an estimated seating capacity of 18,500 with 8,000 reserved seats and 10,500 unreserved lawn seats. 

4. Germain Amphitheatre is an outdoor amphitheater located in Columbus, Ohio. It has an estimated seating capacity of 20,000 people. 

 SCHEDULE 1.01B 

Existing Letters of Credit 
  

												
	 Obligor/Applicant
	  	 Beneficiary
	  	 Issuer
	  	Principal
Amount	  	Date of
Issuance	  	Maturity
Date
	HOB Entertainment, Inc.	  	The Travelers Indemnity Company	  	Bank of America, N.A.	  	$	160,000	  	10/17/03	  	6/23/10
	Live Nation Worldwide, Inc. (f/k/a SFX Entertainment, Inc.)	  	Walworth Properties	  	Bank of America, N.A.	  	$	600,000	  	11/14/01	  	6/25/10
	Live Nation Worldwide, Inc. (f/k/a SFX Entertainment, Inc.)	  	People of the State of New York, Office of Parks and Recreation	  	Bank of America, N.A.	  	$	1,500,000	  	8/7/01	  	6/25/10
	House of Blues Concerts, Inc.	  	iStar Blues LLC	  	Bank of America, N.A.	  	$	2,600,000	  	10/10/03	  	6/23/10
	Live Nation Holdco #1 (as successor to New York Theater Company)	  	The New 42nd Street, Inc.	  	Bank of America, N.A.	  	$	500,000	  	9/3/02	  	8/15/10
	Live Nation Worldwide, Inc. (d/b/a Clear Channel Entertainment)	  	J.P. Morgan Chase Bank	  	Bank of America, N.A.	  	$	672,500	  	9/23/04	  	9/23/10
	Live Nation Worldwide, Inc.	  	Royal & Sun Alliance Insurance PLC	  	Bank of America, N.A.	  	GPB	425,000.00	  	12/12/07	  	10/31/10
	Live Nation Entertainment, Inc. (f/k/a Live Nation, Inc.)	  	ACE American Insurance Company	  	Bank of America, N.A.	  	$	936,365	  	11/30/05	  	11/30/10
	Live Nation Entertainment, Inc. (f/k/a Live Nation, Inc.)	  	ACE American Insurance Company	  	Deutsche Bank	  	$	8,000,000	  	3/24/10	  	11/30/10
	 Live Nation Worldwide, Inc.

(f/k/a SFX Entertainment, Inc.)
	  	Wells Fargo Bank, National Association, as Trustee	  	Bank of America, N.A.	  	$	1,600,000	  	12/5/05	  	12/5/10
	Live Nation Worldwide, Inc. (f/k/a SFX Entertainment, Inc.)	  	City of Minneapolis, Minnesota	  	Bank of America, N.A.	  	$	750,000.00	  	12/5/05	  	12/5/10
	Live Nation Worldwide, Inc. (f/k/a SFX Entertainment, Inc.)	  	City of Minneapolis, Minnesota	  	Bank of America, N.A.	  	$	10,500,000	  	12/5/05	  	12/5/10
	Live Nation Worldwide, Inc. (as successor to JJJ Amphitheatre Limited Partnership)	  	Board of Supervisors of Prince William County	  	Bank of America, N.A.	  	$	60,765	  	1/13/05	  	1/11/11
	Live Nation Worldwide, Inc. (as successor to JJJ Amphitheatre Limited Partnership)	  	Board of Supervisors of Prince William County	  	Bank of America, N.A.	  	$	140,546	  	1/13/05	  	1/11/11

												
	 Obligor/Applicant
	  	 Beneficiary
	  	 Issuer
	  	Principal
Amount	  	Date of
Issuance	  	Maturity
Date
	 HOB Entertainment, Inc.
	  	The Travelers Indemnity Company	  	Bank of America, N.A.	  	$	350,000	  	4/15/05	  	3/1/11
	HOB Entertainment, Inc.	  	The Travelers Indemnity Company	  	Bank of America, N.A.	  	$	510,000	  	3/17/06	  	3/1/11
	Live Nation Worldwide, Inc.	  	City & County of Denver – Red Rocks	  	Bank of America, N.A.	  	$	500,000	  	4/10/03	  	1/14/11
	HOB Entertainment, Inc.	  	The Travelers Indemnity Company	  	Bank of America, N.A.	  	$	350,000	  	4/15/05	  	3/1/11
	Live Nation Worldwide, Inc.	  	Transamerica Realty Services, LLC	  	Bank of America, N.A.	  	$	200,000	  	12/21/07	  	12/17/10
	 Live Nation Worldwide, Inc.

(as successor to LN Hollywood, Inc.)
	  	CFRI-NCA Palladium Venture, LLC.	  	Deutsche Bank	  	$	2,000,000	  	4/7/10	  	4/1/2011
	 Live Nation Entertainment, Inc.

(f/k/a Live Nation, Inc.)
	  	ACE American Insurance Company	  	JPMorgan Chase Bank, N.A.	  	$	6,960,000	  	1/2/07	  	11/1/10
	 Live Nation Entertainment, Inc.

(f/k/a Live Nation, Inc.)
	  	ACE American Insurance Company	  	JPMorgan Chase Bank, N.A.	  	$	1,644,300	  	1/2/07	  	11/1/10
	 Live Nation Entertainment, Inc.

(f/k/a Live Nation, Inc.)
	  	National Union Fire	  	Bank of America, N.A.	  	$	2,070,000	  	12/11/09	  	12/11/10

 SCHEDULE 1.01C 

Closing Date Guarantors 
  

			
	 Guarantor
	  	 Jurisdiction of

Formation/Organization

	 Azoff Promotions LLC
	  	Delaware
	 Bill Graham Enterprises, Inc.
	  	California
	 Cellar Door Venues, Inc.
	  	Florida
	 Cobb’s Comedy Inc.
	  	California
	 Connecticut Amphitheater Development Corporation
	  	Connecticut
	 Connecticut Performing Arts, Inc.
	  	Connecticut
	 Connecticut Performing Arts Partners
	  	Connecticut
	 Electric Factory Concerts, Inc.
	  	Pennsylvania
	 Entertainers Art Gallery LLC
	  	Delaware
	 Evening Star Productions, Inc.
	  	Arizona
	 EventInventory.com, Inc.
	  	Illinois
	 Event Merchandising, Inc.
	  	California
	 FEA Merchandise Inc.
	  	Delaware
	 FLMG Holdings Corp
	  	Delaware
	 Fillmore Theatrical Services
	  	California
	 Front Line BCC LLC
	  	Delaware
	 Front Line Management Group, Inc.
	  	Delaware
	 HOB Boardwalk, Inc.
	  	Delaware
	 HOB Chicago, Inc.
	  	Delaware
	 HOB Entertainment, Inc.
	  	Delaware
	 HOB Marina City, Inc.
	  	Delaware
	 House of Blues Anaheim Restaurant Corp.
	  	Delaware
	 House of Blues Cleveland, LLC
	  	Delaware
	 House of Blues Concerts, Inc.
	  	California
	 House of Blues Dallas Restaurant Corp.
	  	Delaware
	 House of Blues Houston Restaurant Corp.
	  	Delaware
	 House of Blues Las Vegas Restaurant Corp.
	  	Delaware
	 House of Blues Los Angeles Restaurant Corp.
	  	Delaware
	 House of Blues Myrtle Beach Restaurant Corp.
	  	Delaware

			
	 House of Blues New Orleans Restaurant Corp.
	  	Delaware
	 House of Blues Orlando Restaurant Corp.
	  	Delaware
	 House of Blues Restaurant Holding Corp.
	  	Delaware
	 House of Blues San Diego, LLC
	  	Delaware
	 House of Blues San Diego Restaurant Corp.
	  	Delaware
	 IAC Partner Marketing, Inc.
	  	Delaware
	 ILAA, Inc.
	  	California
	 ILA Management, Inc.
	  	California
	 Live Nation Bogart, LLC
	  	Delaware
	 Live Nation Chicago, Inc.
	  	Delaware
	 Live Nation Concerts, Inc.
	  	Delaware
	 Live Nation – Haymon Ventures, LLC
	  	Delaware
	 Live Nation Holdco #1, Inc.
	  	Delaware
	 Live Nation Holdco #2, Inc.
	  	Delaware
	 Live Nation Marketing, Inc.
	  	Delaware
	 Live Nation Merchandise, Inc.
	  	Delaware
	 Live Nation MTours (USA), Inc.
	  	Delaware
	 Live Nation Studios, LLC
	  	Delaware
	 Live Nation Ticketing, LLC
	  	Delaware
	 Live Nation Touring (USA), Inc.
	  	Delaware
	 Live Nation UTours (USA), Inc.
	  	Delaware
	 Live Nation Ventures, Inc.
	  	Delaware
	 Live Nation Worldwide, Inc.
	  	Delaware
	 LN Acquisition Holdco LLC
	  	Delaware
	 Michigan Licenses, LLC
	  	Delaware
	 Microflex 2001 LLC
	  	Delaware
	 Morris Artists Management LLC
	  	Delaware
	 Musictoday, LLC
	  	Virginia
	 NetTickets.com, Inc.
	  	Delaware
	 NOC, Inc.
	  	Connecticut
	 OpenSeats, Inc.
	  	Illinois
	 Premium Inventory, Inc.
	  	Illinois
	 Shoreline Amphitheatre, Ltd.
	  	California

			
	 Show Me Tickets, LLC
	  	Illinois
	 Spalding Entertainment, LLC
	  	Tennessee
	 The V.I.P. Tour Company
	  	Delaware
	 Ticketmaster Advance Tickets, L.L.C.
	  	Colorado
	 Ticketmaster California Gift Certificates L.L.C.
	  	California
	 Ticketmaster China Ventures, L.L.C.
	  	Delaware
	 Ticketmaster EDCS LLC
	  	Delaware
	 Ticketmaster Florida Gift Certificates L.L.C.
	  	Florida
	 Ticketmaster Georgia Gift Certificates L.L.C.
	  	Georgia
	 Ticketmaster-Indiana, L.L.C.
	  	Delaware
	 Ticketmaster Indiana Holdings Corp.
	  	Indiana
	 Ticketmaster L.L.C.
	  	Virginia
	 Ticketmaster Multimedia Holdings LLC
	  	Delaware
	 Ticketmaster New Ventures Holdings, Inc.
	  	Delaware
	 Ticketmaster West Virginia Gift Certificates L.L.C.
	  	West Virginia
	 TicketsNow.com, Inc.
	  	Illinois
	 TicketWeb LLC
	  	Delaware
	 TNA Tour II (USA) Inc.
	  	Delaware
	 TM Vista Inc.
	  	Virginia
	 TNOW Entertainment Group, Inc.
	  	Illinois
	 Wiltern Renaissance LLC
	  	Delaware

 SCHEDULE 1.01D 

HOBE Excluded Assets 

1. The Licensing Agreement dated February 18, 1992 among Isaac B. Tigrett, Daniel E. Aykroyd and Judith Belushi Pisano, as assigned to House of
Blues Brand Corp. and as amended or supplemented from time to time, and any sublicenses pertaining to the trademarks owned by Daniel E. Aykroyd and Judith Belushi Pisano. 

2. All leases relating to equipment supplied by Micros Systems Inc. 

3. Equity Interests in the following entities at any time owned by HOB Entertainment, Inc.: 

 

	 	(i)	HOB Chicago, Inc. 

  

	 	(ii)	HOB Marina City, Inc. 

  

	 	(iii)	House of Blues Orlando Restaurant Corp. 

 SCHEDULE 1.01E 

Certain Capital Stock 
  

			
	 Issuer
	  	 Capital Stock

	 A.P.E. Radio, LLC
	  	Membership Interest
	 AA Music Management, LLC
	  	Membership Interest
	 B.A.D. Management LLC
	  	Membership Interest
	 Bamboozle Festival, LLC
	  	Membership Interest
	 Bee & El LLC
	  	Membership Interest
	 Bee & El Marketing Services LLC
	  	Membership Interest
	 Boom Management, LLC
	  	Membership Interest
	 Broadway China Ventures, LLC
	  	JV Agreement
	 Beijing Gehua Ticketmaster Ticketing Co. Ltd.
	  	JV Agreement
	 Career Artist Management LLC
	  	Membership Interest
	 Chastain Ventures JV
	  	JV Interest
	 Doyle Kos Management LLC
	  	Membership Interest
	 DS Artists Management LLC
	  	Membership Interest
	 Eagles Personal Management Company
	  	Common Stock
	 Echomusic, LLC
	  	Membership Interest
	 Fruin Productions, Inc.
	  	Common Stock
	 GA Acquisitions, LLC
	  	Membership Interest
	 GVE Venture LLC
	  	Membership Interest
	 Hard 8 Management, Inc.
	  	Membership Interest
	 Hilltop/Nederlander LLC
	  	Membership Interest
	 HK Personal Development Co.
	  	Membership Interest
	 HOB Marina City Partners, L.P.
	  	Partnership Interest
	 Kenneth Crear Management LLC
	  	Membership Interest
	 LCB France
	  	Membership Interest
	 Lansdowne Boston Restaurant Corp., Inc.
	  	Common Stock
	 Larry Rudolph Management LLC
	  	Membership Interest
	 Listen Live, LLC
	  	Membership Interest
	 Live 360 LLC
	  	Membership Interest
	 Mark Rothbaum & Associates, LLC
	  	Membership Interest

			
	 Issuer
	  	 Capital Stock

	 Mick Artist Management LLC
	  	Membership Interest
	 Nettwerk Live, LLC
	  	Membership Interest
	 Pop Nation, LLC
	  	Membership Interest
	 ROC Nation, LLC
	  	Membership Interest
	 RPM Acquisition, LLC
	  	Membership Interest
	 Spectacle Entertainment Group LLC
	  	Membership Interest
	 StarRoc LLC
	  	Membership Interest
	 Stratart, LLC
	  	Membership Interest
	 Strategic Artist Management LLC
	  	Membership Interest
	 TM Deutschland GmbH
	  	Common Stock
	 Vector Management LLC
	  	Membership Interest
	 Vector Two, LLC
	  	Membership Interest
	 Vector West LLC
	  	Membership Interest

 SCHEDULE 1.01F 

Letter of Credit Cap 
  

				
	 L/C Issuer
	  	Letter of Credit Cap
		
	 Deutsche Bank AG, New York Branch
	  	$	100,000,000
		
	 JPMorgan Chase Bank, N.A.
	  	$	50,000,000

 SCHEDULE 2.01 

Lenders and Commitments 

Dollar Revolving Commitments 
  

							
	 Dollar Revolving Lender
	  	Dollar
Revolving
Committed Amount	  	Dollar 
Revolving
Commitment
Percentage	 
			
	 Goldman Sachs Lending Partners LLC
	  	$	13,491,519.31	  	13.49151931	% 
	 JPMorgan Chase Bank, N.A.
	  	 	11,416,311.79	  	11.41631179	  
	 Deutsche Bank AG, New York Branch
	  	 	10,118,639.48	  	10.11863948	  
	 Bank of America, N.A.
	  	 	9,803,921.57	  	9.80392157	  
	 The Bank of Nova Scotia
	  	 	9,803,921.57	  	9.80392157	  
	 The Royal Bank of Scotland, Plc
	  	 	9,803,921.57	  	9.80392157	  
	 Wells Fargo Bank, N.A.
	  	 	9,803,921.57	  	9.80392157	  
	 Morgan Stanley Bank, N.A.
	  	 	7,352,941.18	  	7.35294118	  
	 HSBC Bank USA, National Association
	  	 	6,127,450.98	  	6.12745098	  
	 Union Bank, N.A.
	  	 	6,127,450.98	  	6.12745098	  
	 U.S. Bank National Association
	  	 	3,750,000.00	  	3.75000000	  
	 State Bank of India
	  	 	2,400,000.00	  	2.40000000	  
	 Total
	  	$	100,000,000.00	  	100.00000000	% 

 Limited Currency
Revolving Commitments 
  

							
	 Limited Currency Revolving Lenders
	  	Limited
Currency
Revolving
Committed Amount	  	Limited
Currency
Revolving
Commitment
Percentage
	 
			
	 Goldman Sachs Lending Partners LLC
	  	$	20,237,278.96	  	13.491519306	% 
	 JPMorgan Chase Bank, N.A.
	  	 	17,124,467.72	  	11.416311813	  
	 Deutsche Bank AG, New York Branch
	  	 	15,177,959.22	  	10.118639480	  
	 Bank of America, N.A.
	  	 	14,705,882.35	  	9.803921567	  
	 The Bank of Nova Scotia
	  	 	14,705,882.35	  	9.803921567	  
	 The Royal Bank of Scotland, Plc
	  	 	14,705,882.35	  	9.803921567	  
	 Wells Fargo Bank, N.A.
	  	 	14,705,882.35	  	9.803921567	  
	 Morgan Stanley Bank, N.A.
	  	 	11,029,411.76	  	7.352941173	  
	 HSBC Bank USA, National Association
	  	 	9,191,176.47	  	6.127450980	  
	 Union Bank, N.A.
	  	 	9,191,176.47	  	6.127450980	  
	 U.S. Bank National Association
	  	 	5,625,000.00	  	3.750000000	  
	 State Bank of India
	  	 	3,600,000.00	  	2.400000000	  
	 Total
	  	$	150,000,000.00	  	100.000000000	% 

 Multicurrency Revolving Commitments 

 

							
	 Multicurrency Revolving Lenders
	  	Multicurrency
Revolving

Committed Amount	  	Multicurrency
Revolving

Commitment
Percentage	 
	 JPMorgan Chase Bank, N.A.
	  	$	17,330,386.12	  	34.66077224	% 
	 Deutsche Bank AG, New York Branch
	  	 	5,059,319.74	  	10.11863948	  
	 Bank of America, N.A.
	  	 	4,901,960.79	  	9.80392158	  
	 The Bank of Nova Scotia
	  	 	4,901,960.79	  	9.80392158	  
	 The Royal Bank of Scotland, Plc
	  	 	4,901,960.79	  	9.80392158	  
	 Wells Fargo Bank, N.A.
	  	 	4,901,960.79	  	9.80392158	  
	 HSBC Bank USA, National Association
	  	 	3,063,725.49	  	6.12745098	  
	 Union Bank, N.A.
	  	 	3,063,725.49	  	6.12745098	  
	 U.S. Bank National Association
	  	 	1,875,000.00	  	3.75000000	  
	 Total
	  	$	50,000,000.00	  	100.00000000	% 

 Term A Loan
Commitments 
  

				
	 Term A Lenders
	  	Term A Loan
Committed Amount

	 Goldman Sachs Lending Partners LLC
	  	$	12,066,822.54
	 Deutsche Bank AG, New York Branch
	  	 	10,860,140.29
	 Bank of America, N.A.
	  	 	10,588,235.29
	 The Bank of Nova Scotia
	  	 	10,588,235.29
	 The Royal Bank of Scotland, Plc
	  	 	10,588,235.29
	 Wells Fargo Bank, N.A.
	  	 	10,588,235.29
	 JPMorgan Chase Bank, N.A.
	  	 	9,117,154.83
	 Morgan Stanley Bank, N.A.
	  	 	6,617,647.06
	 HSBC Bank USA, National Association
	  	 	6,617,647.06
	 Union Bank, N.A.
	  	 	6,617,647.06
	 U.S. Bank National Association
	  	 	3,750,000.00
	 State Bank of India
	  	 	2,000,000.00
	 Total
	  	$	100,000,000.00

 Term B Loan Commitments 

 

				
	 Term B Lender
	  	Term B Loan
Committed Amount

	 JPMorgan Chase Bank, N.A.
	  	$	800,000,000.00
	 Total
	  	$	800,000,000.00

 SCHEDULE 3.08 

Mandatory Cost Rate 
  

	1.	The Mandatory Cost (to the extent applicable) is an addition to the interest rate to compensate Lenders for the cost of compliance with: 

 

	 	(a)	the requirements of the Bank of England and/or the Financial Services Authority (or, in either case, any other authority which replaces all or any of its functions);

  

	 	(b)	the requirements of the European Central Bank. 

  

	2.	On the first day of each Interest Period (or as soon as possible thereafter) the Administrative Agent shall calculate, as a percentage rate, a rate (the
“Additional Cost Rate”) for each Lender, in accordance with the paragraphs set out below. The “Mandatory Cost” will be calculated by the Administrative Agent as a weighted average of the Lenders’ Additional
Cost Rates (weighted in proportion to the percentage participation of each Lender in the relevant Loan) and will be expressed as a percentage rate per annum rounded upwards, if necessary, to four decimal places. 

 

	3.	The Additional Cost Rate for any Lender lending from a lending office in a Participating Member State will be the percentage notified by that Lender to the
Administrative Agent. This percentage will be certified by such Lender in its notice to the Administrative Agent to be its reasonable determination of the cost (expressed as a percentage of such Lender’s participation in all Loans made from
such lending office) of complying with the minimum reserve requirements of the European Central Bank in respect of Loans made from that lending office. 

  

	4.	The Additional Cost Rate for any Lender lending from a lending office in the United Kingdom will be calculated by the Administrative Agent as follows:

  

	 	(a)	in relation to any Loan in Sterling: 

  

			
	 AB+C(B-D)+E x 0.01
	  	
	  
	  	percent per annum
		
	 100-(A+C)
	  	

  

	 	(b)	in relation to any Loan in any currency other than Sterling: 

  

			
	 E x 0.01
	  	
	  
	  	percent per annum
		
	 300
	  	

 Where: 
  

	 	“A”	is the percentage of Eligible Liabilities (assuming these to be in excess of any stated minimum) which that Lender is from time to time required to maintain as an
interest free cash ratio deposit with the Bank of England to comply with cash ratio requirements. 

	 	“B”	is the percentage rate of interest (excluding the Applicable Rate, the Mandatory Cost and, if the Loan is overdue, the additional rate of interest specified in
Section 2.08(b)) payable for the relevant Interest Period of such Loan. 

  

	 	“C”	is the percentage (if any) of Eligible Liabilities which that Lender is required from time to time to maintain as interest bearing Special Deposits with the Bank of
England. 

  

	 	“D”	is the percentage rate per annum payable by the Bank of England to the Administrative Agent on interest bearing Special Deposits. 

 

	 	“E”	is designed to compensate Lenders for amounts payable under the Fees Rules and is calculated by the Administrative Agent as being the average of the most recent rates
of charge supplied by the Lenders to the Administrative Agent pursuant to paragraph 7 below and expressed in pounds per £1,000,000. 

  

	5.	For the purposes of this Schedule: 

  

	 	(a)	“Eligible Liabilities” has the meanings given to it from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by
the Bank of England; 

  

	 	(b)	“Fees Rules” means the rules on periodic fees contained in the Supervision Manual of the Financial Services Authority or such other law or regulation
as may be in force from time to time in respect of the payment of fees for the acceptance of deposits; 

  

	 	(c)	“Fee Tariffs” means the fee tariffs specified in the Fees Rules under the activity group A.l Deposit acceptors (ignoring any minimum fee or zero rated
fee required pursuant to the Fees Rules but taking into account any applicable discount rate); 

  

	 	(d)	“Financial Services Authority” means the body corporate known by that name that has the functions conferred on it by or under the Financial Services
and Markets Act 2000 or any successor entity; 

  

	 	(e)	“Special Deposits” has the meaning given to it from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate) by the
Bank of England; and 

  

	 	(f)	“Tariff Base” has the meaning given to it in, and will be calculated in accordance with, the Fees Rules. 

 

	6.	In application of the above formulae, A, B, C and D will be included in the formulae as percentages (i.e. 5% will be included in the formula as 5 and not as
0.05). A negative result obtained by subtracting D from B shall be taken as zero. The resulting figures shall be rounded to four decimal places. 

  

	7.	If requested by the Administrative Agent, each Lender with a lending office in the United Kingdom or a Participating Member State shall, as soon as practicable after
publication by the Financial Services Authority, supply to the Administrative Agent, the rate of charge payable by such Lender to the Financial Services Authority pursuant to the Fees Rules in respect of the relevant financial year of the Financial
Services Authority (calculated for this purpose by such Lender as being the average of the Fee Tariffs applicable to such Lender for that financial year) and expressed in pounds per £1,000,000 of the Tariff Base of such Lender.

	8.	Each Lender shall supply any information required by the Administrative Agent for the purpose of calculating its Additional Cost Rate. In particular, but without
limitation, each Lender shall supply the following information in writing on or prior to the date on which it becomes a Lender: 

  

	 	(a)	the jurisdiction of the lending office out of which it is making available its participation in the relevant Loan; and 

 

	 	(b)	any other information that the Administrative Agent may reasonably require for such purpose. 

Each Lender shall promptly notify the Administrative Agent in writing of any change to the information provided by it pursuant to this
paragraph. 
  

	9.	The percentages of each Lender for the purpose of A and C above and the rates 0f charge of each Lender for the purpose of E above shall be determined by the
Administrative Agent based upon the information supplied to it pursuant to paragraphs 7 and 8 above and on the assumption that, unless a Lender notifies the Administrative Agent to the contrary, each Lender’s obligations in
relation to cash ratio deposits and Special Deposits are the same as those of a typical bank from its jurisdiction of incorporation with a lending office in the same jurisdiction as its lending office. 

 

	10.	The Administrative Agent shall have no liability to any Person if such determination results in an Additional Cost Rate which over- or under-compensates any Lender and
shall be entitled to assume that the information provided by any Lender pursuant to paragraphs 3, 7 and 8 above is true and correct in all respects. 

 

	11.	The Administrative Agent shall distribute the additional amounts received as a result of the Mandatory Cost to the Lenders on the basis of the Additional Cost Rate for
each Lender based on the information provided by each Lender pursuant to paragraphs 3, 7 and 8 above. 

  

	12.	Any determination by the Administrative Agent pursuant to this Schedule in relation to a formula, the Mandatory Cost, an Additional Cost Rate or any amount payable to a
Lender shall, in the absence of manifest error, be conclusive and binding on all parties to the Credit Agreement. 

  

	13.	The Administrative Agent may from time to time, after consultation with the Parent Borrower and the Lenders, determine in its reasonable judgment and provide notice to
the Parent Borrower and the Lenders of any amendments which are required to be made to this Schedule in order to comply with any change in law, regulation or any requirements from time to time imposed by the Bank of England, the Financial Services
Authority or the European Central Bank (or, in any case, any other authority which replaces all or any of its functions) and any such determination shall, in the absence of manifest error, be conclusive and binding on all parties to the Credit
Agreement. 

 SCHEDULE 6.14 

Subsidiaries 
  

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded
Subsidiary	  	Buy-Sell, Voting
Trust or Other
Agreements
	 Live Nation Subsidiaries

					
	 ABC3 Limited
	  	Scotland	  	100% owned by Academy Music Group Limited	  	N/A	  	None
					
	 Academy Entertainments Group Limited (dormant)
	  	England & Wales	  	100% owned by Academy Music Group Limited	  	N/A	  	None
					
	 Academy Music Group Limited
	  	England & Wales	  	100% owned by Electricland Limited	  	N/A	  	None
					
	 Academy Music Holdings Ltd
	  	England & Wales	  	55.92% owned by LN-Gaiety Holdings Limited	  	N/A	  	Shareholders
Agreement
					
	 Amphitheatre Ireland Limited
	  	Ireland	  	50% owned by Live Nation Ireland Holdings Limited	  	N/A	  	Heads of
Agreement
					
	 Amsterdam Music Dome Exploitatie BV
	  	Netherlands	  	51% owned by LYV BV	  	N/A	  	Shareholders
Agreement
					
	 Angel Festivals Limited
	  	England & Wales	  	50.1% owned by LN-Gaiety Holdings Limited	  	N/A	  	Shareholders
Agreement
					
	 Annestown Limited (dormant)
	  	England & Wales	  	100% owned by Gafrus Limited	  	N/A	  	None
					
	 Anthill Trading (Overseas) Limited
	  	England & Wales	  	100% owned by Live Nation Worldwide, Inc.	  	N/A	  	None
					
	 Apollo Leisure Group Limited
	  	England & Wales	  	100% owned by Live Nation Limited	  	N/A	  	None
					
	 Arena Grande AB
	  	Sweden	  	100% owned by Lugerinc AB	  	N/A	  	None

									
	 Legal Name
	  	 Jurisdiction of
Formation
	  	 Registered Owner
	  	 Guarantor/

Excluded

Subsidiary
	  	 Buy-Sell, Voting

Trust or Other

Agreements

	 Bamboozle Festival, LLC
	  	Delaware	  	51% owned by Live Nation Worldwide, Inc.	  	Excluded Subsidiary	  	Operating Agreement
					
	 Bar None Management Limited
	  	Scotland	  	100% owned by D F Concerts Limited	  	N/A	  	None
					
	 Belgian Concerts Sprl (to be dissolved in 2010)
	  	Belgium	  	100% owned by Live Nation International Holdings BV	  	N/A	  	None
					
	 Big Day Out Limited
	  	Scotland	  	100% owned by D F Concerts Limited	  	N/A	  	None
					
	 Bill Graham Enterprises, Inc.
	  	California	  	100% owned by Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Brand New Live BV
	  	Netherlands	  	53% owned by Mojo Works B.V.	  	N/A	  	Shareholders Agreement
					
	 Bristolbeat Limited
	  	England & Wales	  	100% owned by Academy Music Group Limited	  	N/A	  	None
					
	 Brumbeat Limited
	  	England & Wales	  	100% owned by Academy Music Group Limited	  	N/A	  	None
					
	 Cardiff International Arena Limited (dormant)
	  	England & Wales	  	100% owned by Apollo Leisure Group Limited.	  	N/A	  	None
					
	 Cellar Door Venues, Inc.
	  	Florida	  	100% owned by Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Cirkus Arena & Restaurang Pa D. Ab
	  	Sweden	  	100% owned by Live Nation Nordic AB	  	N/A	  	None
					
	 Cobb’s Comedy Inc.
	  	California	  	100% owned by Bill Graham Enterprises, Inc.	  	Guarantor	  	None
					
	 Compania Editora De Talentos Internacionales, S.A.
	  	Spain	  	100% owned by Live Nation Espana SAU	  	N/A	  	None
					
	 Concerts at DF Limited
	  	Scotland	  	100% owned by D F Concerts Limited	  	N/A	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or 
Other
Agreements
	 Connecticut Amphitheater Development Corporation
	  	Connecticut	  	100% owned by Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Connecticut Performing Arts, Inc.
	  	Connecticut	  	100% owned by NOC, Inc.	  	Guarantor	  	None
					
	 Connecticut Performing Arts Partners
	  	Connecticut	  	 60% owned by NOC
  

40% owned by Connecticut Amphitheater Development Corporation
	  	Guarantor	  	None
					
	 Deadwood Tickets Limited
	  	Scotland	  	100% owned by D F Concerts Limited	  	N/A	  	None
					
	 De-lux Merchandise Company Limited (dormant)
	  	England & Wales	  	100% owned by Midland Concert Promotions Group Limited	  	N/A	  	None
					
	 D F Concerts Limited
	  	Scotland	  	78.33% owned by LN-Gaiety Holdings Limited	  	N/A	  	None
					
	 Electric Factory Concerts, Inc.
	  	Pennsylvania	  	100% owned by Live Nation Concerts, Inc.	  	Guarantor	  	None
					
	 Electricland Limited
	  	England & Wales	  	100% owned by Academy Music Holdings Ltd	  	N/A	  	None
					
	 Ema Telstar Management Ab (dormant)
	  	Sweden	  	100% owned by Live Nation Nordic AB	  	N/A	  	None
					
	 Evening Star Productions, Inc.
	  	Arizona	  	100% owned by Live Nation Concerts, Inc.	  	Guarantor	  	None
					
	 Event Merchandising, Inc.
	  	California	  	80% owned by Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Events Club Oy
	  	Finland	  	100% owned by Live Nation Finland Oy	  	N/A	  	None
					
	 Eventum Ab
	  	Sweden	  	100% owned by Live Nation Nordic AB	  	N/A	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or 
Other
Agreements
	 Fanbase Co. UK Limited
	  	England & Wales	  	100% owned by Midland Concert Promotions Group Limited	  	N/A	  	None
					
	 Festival Republic.com Limited (dormant)
	  	England & Wales	  	100% owned by Gafrus Limited	  	N/A	  	None
					
	 Festival Republic Limited
	  	England & Wales	  	100% owned by LN-Gaiety Holdings Limited	  	N/A	  	None
					
	 Fillmore Theatrical Services
	  	California	  	100% owned by Bill Graham Enterprises, Inc.	  	Guarantor	  	None
					
	 Finlaw 271 Limited (dormant)
	  	England & Wales	  	100% owned by Gafrus Limited	  	N/A	  	None
					
	 Finlaw 279 Limited (dormant)
	  	England & Wales	  	100% owned by Gafrus Limited	  	N/A	  	None
					
	 Forvaltningsbolaget Cirkus Pa K.D. Hb
	  	Sweden	  	100% owned by Live Nation Nordic AB	  	N/A	  	None
					
	 Gafrus Limited
	  	England & Wales	  	100% owned by LN-Gaiety Holdings Limited	  	N/A	  	None
					
	 Glasgowbeat Limited
	  	England & Wales	  	100% owned by Academy Music Group Limited	  	N/A	  	None
					
	 Glowspine Limited (dormant)
	  	England & Wales	  	100% owned by Academy Music Group Limited	  	N/A	  	None
					
	 Gricind Limited
	  	England & Wales	  	100% owned by Live Nation Limited	  	N/A	  	None
					
	 HOB Boardwalk, Inc.
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None
					
	 HOB Chicago, Inc.
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None
					
	 HOB Entertainment, Inc.
	  	Delaware	  	100% owned by Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 HOB Marina City, Inc.
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or Other

Agreements
	 HOB Marina City Partners, L.P.
	  	Delaware	  	 49.5% owned by HOB Chicago, Inc.
  

1% owned by HOB Marina City, Inc.
	  	Excluded
Subsidiary	  	Agreement of
Limited Partnership
					
	 Holland Event Marketing BV
	  	NL	  	 97.5% owned by Mojo Concerts B.V.
  

2.5% owned by Mojo Works B.V.
	  	N/A	  	None
					
	 Homelands Festival Limited
	  	England & Wales	  	100% owned by Gafrus Limited	  	N/A	  	None
					
	 House of Blues Anaheim Restaurant Corp.
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None
					
	 House of Blues Cleveland, LLC
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None
					
	 House of Blues Concerts, Inc.
	  	California	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None
					
	 House of Blues Dallas Restaurant Corp.
	  	Delaware	  	100% owned by House of Blues Restaurant Holding Corp.	  	Guarantor	  	None
					
	 House of Blues Houston Restaurant Corp.
	  	Delaware	  	100% owned by House of Blues Restaurant Holding Corp.	  	Guarantor	  	None
					
	 House of Blues Las Vegas Restaurant Corp.
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None
					
	 House of Blues Los Angeles Restaurant Corp.
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None
					
	 House of Blues Myrtle Beach Restaurant Corp.
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None
					
	 House of Blues New Orleans Restaurant Corp.
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or Other

Agreements
	 House of Blues Orlando Restaurant Corp.
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None
					
	 House of Blues Restaurant Holding Corp.
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None
					
	 House of Blues San Diego, LLC
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None
					
	 House of Blues San Diego Restaurant Corp.
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Guarantor	  	None
					
	 International Talent Booking Limited
	  	England & Wales	  	100% owned by Gricind Limited	  	N/A	  	None
					
	 Islingtonbeat Limited
	  	England & Wales	  	100% owned by Academy Music Group Limited	  	N/A	  	None
					
	 King Tut’s Recordings Limited
	  	Scotland	  	100% owned by Concerts at DF Limited	  	N/A	  	None
					
	 Lansdowne Boston Restaurant Corp., Inc.
	  	Delaware	  	100% owned by HOB Entertainment, Inc.	  	Excluded
Subsidiary	  	None
					
	 Livebeat Limited
	  	England & Wales	  	100% owned by Academy Music Group Limited	  	N/A	  	None
					
	 Live Nation 2 Srl
	  	Italy	  	52% owned by Live Nation Italia srl	  	N/A	  	Shareholders’
Agreement
					
	 Live Nation Australia Pty Ltd
	  	Australia	  	100% owned by Live Nation International Holdings BV	  	N/A	  	None
					
	 Live Nation Belgium Holdings BVBA
	  	Belgium	  	100% owned by Live Nation International Holdings BV	  	N/A	  	None
					
	 Live Nation Bogart, LLC
	  	Delaware	  	100% owned by Live Nation Worldwide, Inc.	  	Guarantor	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or 
Other
Agreements
	 Live Nation BVBA
	  	Belgium	  	100% owned by Live Nation Belgium Holdings BVBA	  	N/A	  	None
					
	 Live Nation Canada, Inc.
	  	Canada	  	100% owned by HOB Entertainment, Inc.	  	N/A	  	None
					
	 Live Nation Central and Eastern Europe Kft
	  	Hungary	  	100% owned by Live Nation Europe Holdings BV	  	N/A	  	None
					
	 Live Nation Chicago, Inc.
	  	Delaware	  	100% owned by Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Live Nation Concerts, Inc.
	  	Delaware	  	100% owned by Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Live Nation Culture & Information Consultancy (Shanghai) Limited
	  	China	  	100% owned by Live Nation (HK) Limited	  	N/A	  	None
					
	 Live Nation Czech Republic sro
	  	Czech Republic	  	100% owned by Live Nation Europe Holdings BV	  	N/A	  	None
					
	 Live Nation Denmark Aps
	  	Denmark	  	100% owned by Live Nation Denmark Management Aps	  	N/A	  	None
					
	 Live Nation Denmark Management Aps
	  	Denmark	  	100% owned by Live Nation Denmark Management Holdings Aps	  	N/A	  	None
					
	 Live Nation Denmark Management Holdings Aps
	  	Denmark	  	100% owned by Live Nation Nordic AB	  	N/A	  	None
					
	 Live Nation Enterprise Limited (dormant)
	  	England & Wales	  	100% owned by Live Nation Limited	  	N/A	  	None
					
	 Live Nation Espana SAU
	  	Spain	  	100% owned by Live Nation Europe Holdings BV	  	N/A	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or Other

Agreements
	 Live Nation Europe Holdings BV
	  	Netherlands	  	 99.5% owned by Live Nation Netherlands Holdings BV
  

0.5% owned by Live Nation International Holdings BV
	  	N/A	  	None
					
	 Live Nation Facilitation Limited
	  	England & Wales	  	100% owned by Live Nation (Music) UK Limited	  	N/A	  	None
					
	 Live Nation Festivals NV
	  	Belgium	  	100% owned by Live Nation BVBA	  	N/A	  	None
					
	 Live Nation Finland Oy
	  	Finland	  	100% owned by Live Nation Nordic AB	  	N/A	  	None
					
	 Live Nation France
	  	France	  	51% owned by Live Nation International Holdings BV	  	N/A	  	None
					
	 Live Nation France Festivals
	  	France	  	51% owned by Live Nation International Holdings BV	  	N/A	  	Shareholder’s
Agreement
					
	 Live Nation Germany GmbH
	  	Germany	  	75% owned by Live Nation Germany Holdings GmbH	  	N/A	  	Shareholders’
Agreement
					
	 Live Nation Germany Holdings GmbH
	  	Germany	  	100% owned by Live Nation International Holdings BV	  	N/A	  	None
					
	 Live Nation – Haymon Ventures, LLC
	  	Delaware	  	100% owned Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Live Nation (HK) Limited
	  	Hong Kong	  	100% owned by Live Nation International Holdings BV	  	N/A	  	None
					
	 Live Nation Holdco #1, Inc.
	  	Delaware	  	100% owned by Live Nation Entertainment, Inc.	  	Guarantor	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or Other

Agreements
	 Live Nation Holdco #2, Inc.
	  	Delaware	  	100% owned by Live Nation Holdco #1, Inc.	  	Guarantor	  	Second Amended
and Restated
Certificate of
Incorporation
					
	 Live Nation Holding Nordic AB
	  	Sweden	  	100% owned by Live Nation International Holdings BV	  	N/A	  	None
					
	 Live Nation Holdings CV
	  	Netherlands	  	100% owned by Live Nation Worldwide, Inc.	  	N/A	  	None
					
	 Live Nation Hungary Kft
	  	Hungary	  	100% owned by Live Nation Europe Holdings BV	  	N/A	  	None
					
	 Live Nation International Holdings BV
	  	Netherlands	  	100% owned by LYV BV	  	N/A	  	None
					
	 Live Nation (Ireland) Limited
	  	England & Wales	  	100% owned by Live Nation International Holdings BV	  	N/A	  	None
					
	 Live Nation Ireland Holdings Limited
	  	Ireland	  	100% owned by Apollo Leisure Group Limited	  	N/A	  	None
					
	 Live Nation Italia srl
	  	Italy	  	100% owned by Live Nation International Holdings BV	  	N/A	  	None
					
	 Live Nation Limited
	  	England & Wales	  	100% owned by Live Nation International Holdings BV	  	N/A	  	None
					
	 Live Nation Marketing, Inc.
	  	Delaware	  	100% owned Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Live Nation Merchandise, Inc.
	  	Delaware	  	100% owned by LN Acquisition Holdco LLC	  	Guarantor	  	None
					
	 Live Nation Merchandise Limited
	  	England & Wales	  	100% owned by Live Nation Limited	  	N/A	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or Other

Agreements
	 Live Nation Middle East FZ-LLC
	  	Dubai	  	65% owned by LYV BV	  	N/A	  	Shareholders’
Agreement
					
	 Live Nation MTours (USA), Inc.
	  	Delaware	  	100% owned by Live Nation Touring (USA), Inc.	  	Guarantor	  	None
					
	 Live Nation (Music) UK Limited
	  	England & Wales	  	100% owned by Midland Concert Promotions Group Limited	  	N/A	  	None
					
	 Live Nation Netherlands Holdings BV
	  	Netherlands	  	100% owned by Live Nation International Holdings BV	  	N/A	  	None
					
	 Live Nation Nordic AB
	  	Sweden	  	100% owned by Live Nation Holding Nordic AB	  	N/A	  	None
					
	 Live Nation Norway AS
	  	Norway	  	100% owned by Live Nation Nordic AB	  	N/A	  	None
					
	 Live Nation SAS
	  	France	  	100% owned by Live Nation International Holdings BV	  	N/A	  	None
					
	 Live Nation (Singapore) Pte Ltd
	  	Singapore	  	100% owned by Live Nation (HK) Limited	  	N/A	  	None
					
	 Live Nation SP z.o.o.
	  	Poland	  	100% owned by Live Nation Europe Holdings BV	  	N/A	  	None
					
	 Live Nation Studios, LLC
	  	Delaware	  	100% owned Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Live Nation Sweden AB
	  	Sweden	  	100% owned by Live Nation Nordic AB	  	N/A	  	None
					
	 Live Nation (Theatrical) UK Limited
	  	England & Wales	  	100% owned by Live Nation Limited	  	N/A	  	None
					
	 Live Nation Ticketing, LLC
	  	Delaware	  	100% owned Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Live Nation Touring (Canada), Inc.
	  	Canada	  	100% owned Live Nation Worldwide, Inc.	  	N/A	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or Other

Agreements
	 Live Nation Touring (USA), Inc.
	  	Delaware	  	100% owned Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Live Nation UTours (USA), Inc.
	  	Delaware	  	100% owned Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Live Nation Ventures, Inc.
	  	Delaware	  	100% owned Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Live Nation Venues (Netherlands) BV
	  	Netherlands	  	100% owned by LYV BV	  	N/A	  	None
					
	 Live Nation Worldwide, Inc.
	  	Delaware	  	100% owned by Live Nation Holdco #2, Inc.	  	Guarantor	  	None
					
	 LN Acquisition Holdco LLC
	  	Delaware	  	100% owned by Live Nation Entertainment, Inc.	  	Guarantor	  	None
					
	 LN-Gaiety Holdings Limited
	  	England & Wales	  	50.1% owned by Live Nation (Music) UK Limited	  	N/A	  	Shareholder’s
Agreement
					
	 LRW Theatre Corp.
	  	California	  	100% owned by Live Nation Worldwide, Inc.	  	Excluded
Subsidiary	  	None
					
	 Ludgate 354 Limited (dormant)
	  	England & Wales	  	100% owned by Academy Music Group Limited	  	N/A	  	None
					
	 Lugerinc Ab
	  	Sweden	  	100% owned by Live Nation Sweden AB	  	N/A	  	None
					
	 LYV BV
	  	Netherlands	  	100% owned by Live Nation Holdings CV	  	N/A	  	None
					
	 Magstack Limited
	  	England & Wales	  	100% owned by Academy Music Group Limited	  	N/A	  	None
					
	 Mail 2 Me VoF
	  	Netherlands	  	 99% owned by Mojo Concerts B.V.

1% owned by Mojo Works B.V.
	  	N/A	  	None
					
	 Mean Fiddler Festivals Limited (dormant)
	  	England & Wales	  	90% owned by Gafrus Limited	  	N/A	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or 
Other
Agreements
	 Mean Fiddler Spain Sl (dormant)
	  	Spain	  	80% owned by Gafrus Limited	  	N/A	  	None
					
	 Mediterranea Concerts, S.L.
	  	Spain	  	60% owned by Live Nation Espana SAU	  	N/A	  	None
					
	 MFMP Festivals and Events GmbH (dormant)
	  	Germany	  	51% owned by Gafrus Limited	  	N/A	  	None
					
	 Michigan Licenses, LLC
	  	Delaware	  	100% owned Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Midland Concert Promotions Group Limited
	  	England & Wales	  	100% owned by Live Nation Limited	  	N/A	  	None
					
	 Mojo Concerts B.V.
	  	Netherlands	  	100% owned by Mojo Works B.V.	  	N/A	  	None
					
	 Mojo Works B.V.
	  	Netherlands	  	100% owned by Live Nation Netherlands Holdings BV	  	N/A	  	None
					
	 Moondog Entertainment Ab
	  	Sweden	  	100% owned by Live Nation Sweden AB	  	N/A	  	None
					
	 Music Marketing Sp z.o.o.
	  	Poland	  	100% owned by Live Nation SP z.o.o.	  	N/A	  	None
					
	 Musictoday, LLC
	  	Virginia	  	100% owned Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Newcbeat Limited
	  	England & Wales	  	100% owned by Electricland Limited	  	N/A	  	None
					
	 NOC, Inc.
	  	Connecticut	  	100% owned Live Nation Worldwide, Inc.	  	Guarantor	  	None
					
	 Northcane Limited

(dormant)
	  	England & Wales	  	100% owned by Midland Concert Promotions Group Limited	  	N/A	  	None
					
	 OX4 Limited
	  	England & Wales	  	100% owned by Academy Music Group Limited	  	N/A	  	None
					
	 Park Associates Limited (dormant)
	  	England & Wales	  	100% owned by Apollo Leisure Group Limited.	  	N/A	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or 
Other
Agreements
	 Pleasure Entertainment BV
	  	Netherlands	  	100% owned by Mojo Works B.V.	  	N/A	  	None
					
	 Point Presentations Limited
	  	Ireland	  	100% owned by Amphitheatre Ireland Limited	  	N/A	  	None
					
	 Point Promotions Limited
	  	Ireland	  	100% owned by Amphitheatre Ireland Limited	  	N/A	  	None
					
	 Publicitywise Limited (dormant)
	  	England & Wales	  	100% owned by Live Nation (Music) UK Limited	  	N/A	  	None
					
	 Rangepost Limited (dormant)
	  	England & Wales	  	100% owned by Gafrus Limited	  	N/A	  	None
					
	 Reading Festival Limited (dormant)
	  	England & Wales	  	100% owned by Gafrus Limited	  	N/A	  	None
					
	 Sensible Events Limited
	  	England & Wales	  	100% owned by Live Nation (Music) UK Limited	  	N/A	  	None
					
	 SFX Financial Advisory Management Enterprises, Inc.
	  	Delaware	  	100% owned by Live Nation Worldwide, Inc.	  	Excluded
Subsidiary	  	None
					
	 Sharpfleur Limited
	  	England & Wales	  	100% owned by Academy Music Group Limited	  	N/A	  	None
					
	 Shoreline Amphitheatre, Ltd.
	  	California	  	100% owned by Bill Graham Enterprises, Inc.	  	Guarantor	  	None
					
	 Showsec Holdings Limited
	  	England & Wales	  	100% owned by The Security Company (UK) Holdings Limited	  	N/A	  	None
					
	 Showsec International Limited
	  	England & Wales	  	100% owned by Showsec Holdings Limited	  	N/A	  	None
					
	 Showsec Special Events Limited
	  	England & Wales	  	100% owned by The Security Company (UK) Holdings Limited	  	N/A	  	None
					
	 Sidezone Limited (dormant)
	  	England & Wales	  	100% owned by Gafrus Limited	  	N/A	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or Other

Agreements
	 Straight International Security B.V.
	  	Netherlands	  	100% owned by The Security Company Utrecht Holland Holding BV	  	N/A	  	None
					
	 Tecjet Limited
	  	Scotland	  	 52.5% owned by ABC3 Limited

25% owned by Academy Music Group Limited
	  	N/A	  	None
					
	 The Academy Music Fund Limited
	  	England & Wales	  	100% owned by Academy Music Holdings Ltd	  	N/A	  	None
					
	 The Event Support Company B.V.
	  	Netherlands	  	100% owned by The Security Company Utrecht Holland Holding BV	  	N/A	  	None
					
	 The Security Company (UK) Holdings Limited
	  	England & Wales	  	100% owned by The Security Company Utrecht Holland Holding BV	  	N/A	  	None
					
	 The Security Company Utrecht Holland Holding BV
	  	Netherlands	  	65% owned by Mojo Works B.V.	  	N/A	  	Aandeelhoudersover

eenkomst

					
	 Ticketstoday Limited
	  	England & Wales	  	100% owned by Musictoday, LLC	  	N/A	  	None
					
	 TNA Tour II (USA) Inc.
	  	Delaware	  	100% owned by Live Nation Touring (USA), Inc.	  	Guarantor	  	None
					
	 Tour Marketing Limited
	  	England & Wales	  	100% owned by Midland Concert Promotions Group Limited	  	N/A	  	None
					
	 Trabajos de Musica, S.A.
	  	Spain	  	51% owned by Live Nation Espana SAU	  	N/A	  	None
					
	 Wiltern Renaissance LLC
	  	Delaware	  	100% owned Live Nation Worldwide, Inc.	  	Guarantor	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or Other

Agreements
	Ticketmaster Subsidiaries
					
	 Azoff Promotions LLC
	  	Delaware	  	100% owned by Front Line Management Group, Inc.	  	Guarantor	  	None
					
	 B.A.D. Management LLC
	  	Delaware	  	100% owned by Front Line Management Group, Inc.	  	Excluded
Subsidiary	  	None
					
	 Biletix Bilet Dağitim Basim ve Ticaret AŞ
	  	Turkey	  	100% owned by Ticketmaster Iberica, S.L.	  	N/A	  	Rigol Grupo de
Inversiones
S.L. has an
option &
unsufruct
agreement with
each individual
shareholder.
Pursuant to
that Rigol has
the
right to call
the shares at
any time on
nominal value,
plus Rigol has
all voting,
dividend, etc.
rights attached
to those 4
shares.
					
	 BILLETnet A/S
	  	Denmark	  	100% owned by Ticketmaster Europe Holdco Ltd.	  	N/A	  	None
					
	 Billettsentralen AS
	  	Norway	  	100% owned by Billetservice AS	  	N/A	  	None
					
	 Billetservice AS
	  	Norway	  	100% owned by Ticketmaster UK Limited	  	N/A	  	None
					
	 Eagles Personal Management Company
	  	California	  	100% owned by Front Line Management Group, Inc.	  	Excluded
Subsidiary	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or Other

Agreements
	 Echomusic LLC
	  	Delaware	  	89% owned by IAC Partner Marketing, Inc.	  	Excluded
Subsidiary	  	Amended and
Restated
Operating
Agreement
					
	 Emma Entertainment (Beijing) Co. Ltd
	  	China	  	100% owned by Ticketmaster Entertainment China Holding Co. Limited	  	N/A	  	None
					
	 Entertainers Art Gallery LLC
	  	Delaware	  	100% owned by Front Line Management Group, Inc.	  	Guarantor	  	None
					
	 EventInventory.com, Inc.
	  	Illinois	  	100% owned by The V.I.P. Tour Company	  	Guarantor	  	None
					
	 FC 1031 Limited
	  	England & Wales	  	100% owned by Ticketmaster UK Limited	  	N/A	  	None
					
	 FEA Merchandise Inc.
	  	Delaware	  	100% owned by Front Line Management Group, Inc.	  	Guarantor	  	None
					
	 FLMG Holdings Corp.
	  	Delaware	  	100% owned by Live Nation Entertainment, Inc.	  	Guarantor	  	None
					
	 Front Line BCC LLC
	  	Delaware	  	100% owned by ILAA, Inc.	  	Guarantor	  	None
					
	 Front Line Management Group, Inc.
	  	Delaware	  	 54% owned by FLMG Holdings Corp.

21% owned by Ticketweb LLC
	  	Guarantor	  	Second Amended
and Restated
Stockholders’
Agreement  

Equity Incentive
Plan

					
	 Fruin Productions, Inc.
	  	California	  	100% owned by Front Line Management Group, Inc.	  	Excluded
Subsidiary	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or 
Other
Agreements
	 GA Acquisitions, LLC
	  	Delaware	  	100% owned by Front Line Management Group, Inc.	  	Excluded
Subsidiary	  	None
					
	 GetMeIn! Limited
	  	England & Wales	  	100% owned by Ticketflask Limited	  	N/A	  	None
					
	 HK Personal Development Co.
	  	California	  	100% owned by Front Line Management Group, Inc.	  	Excluded
Subsidiary	  	None
					
	 IAC Partner Marketing, Inc.
	  	Delaware	  	100% owned by Live Nation Entertainment, Inc.	  	Guarantor	  	None
					
	 ILAA, Inc.
	  	California	  	100% owned by Front Line Management Group, Inc.	  	Guarantor	  	None
					
	 ILA Management, Inc.
	  	California	  	100% owned by Front Line Management Group, Inc.	  	Guarantor	  	None
					
	 Kartenhaus Ticketservice GmbH
	  	Germany	  	100% owned by TM Deutschland GmbH	  	N/A	  	None
					
	 Lippupalvelu Oy
	  	Finland	  	100% owned by Ticketmaster Europe Holdco Ltd.	  	N/A	  	None
					
	 Microflex 2001 LLC
	  	Delaware	  	100% owned by Ticketmaster, L.L.C.	  	Guarantor	  	None
					
	 Morris Artists Management LLC
	  	Delaware	  	100% owned by Front Line Management Group, Inc.	  	Guarantor	  	None
					
	 NetTickets.com, Inc.
	  	Delaware	  	100% owned by The V.I.P. Tour Company	  	Guarantor	  	None
					
	 OpenSeats, Inc.
	  	Illinois	  	100% owned by The V.I.P. Tour Company	  	Guarantor	  	None
					
	 Premium Inventory, Inc.
	  	Illinois	  	100% owned by The V.I.P. Tour Company	  	Guarantor	  	None

									
	 Legal Name
	  	Jurisdiction of
Formation	  	 Registered Owner
	  	Guarantor/
Excluded

Subsidiary	  	Buy-Sell, Voting
Trust or Other

Agreements
	 Reseau Admission LP
	  	Canada	  	 99.9% owned by Ticketmaster Canada LP
  

0.01% owned by Reseau Admission ULC
	  	N/A	  	None
					
	 Reseau Admission ULC
	  	Canada	  	100 % owned by Ticketmaster Canada LP	  	N/A	  	None
					
	 Shanghai Jina Advertising Company Ltd.
	  	China	  	100% owned by Ticketmaster Entertainment China Holding Co. Limited	  	N/A	  	None
					
	 Show Me Tickets, LLC
	  	Illinois	  	100% owned by The V.I.P. Tour Company	  	Guarantor	  	Stock Incentive
Plan
					
	 Show Tickets Australia Pty Ltd
	  	Australia	  	100% owned by Ticketmaster Australasia Pty Ltd	  	N/A	  	None
					
	 Spalding Entertainment, LLC
	  	Tennessee	  	100% owned by Front Line Management Group, Inc.	  	Guarantor	  	None
					
	 The Ticket Shop Unlimited
	  	Ireland	  	100% owned by Ticket Shop Holdings (IOM) (Unlimited)	  	N/A	  	None
					
	 The V.I.P. Tour Company
	  	Delaware	  	100% owned by Live Nation Entertainment, Inc.	  	Guarantor	  	Stockholders’
Agreement dated
January 11, 2008
					
	 Ticketflask Limited
	  	England & Wales	  	100% owned by TM Number One Limited	  	N/A	  	None
					
	 Ticketline (Unlimited)
	  	Ireland	  	100% owned by The Ticket Shop Unlimited	  	N/A	  	None
					
	 Ticketmaster Advance Tickets, L.L.C.
	  	Colorado	  	100% owned by Live Nation Entertainment, Inc.	  	Guarantor	  	None
					
	 Ticketmaster Australasia Pty Ltd
	  	Australia	  	100% owned by Reseau Admission	  	N/A	  	None
					
	 Ticketmaster California Gift Certificates L.L.C.
	  	California	  	100% owned by Ticketmaster L.L.C.	  	Guarantor	  	None

									
	 Legal Name
	  	 Jurisdiction of
Formation
	  	 Registered Owner
	  	 Guarantor/

Excluded

Subsidiary
	  	 Buy-Sell, Voting

Trust or Other

Agreements

	 Ticketmaster Canada Holdings ULC
	  	Canada	  	100% owned by Ticketmaster Luxembourg Holdco 3, S.a.r.1.	  	N/A	  	None
					
	 Ticketmaster Canada LP
	  	Canada	  	 99.9% owned by Ticketmaster Canada Holdings ULC
  

0.01% owned by Ticketmaster Canada ULC
	  	N/A	  	None
					
	 Ticketmaster Canada ULC
	  	Canada	  	100% owned by Ticketmaster Canada Holdings ULC	  	N/A	  	None
					
	 Ticketmaster Cayman Finance Company Ltd
	  	Cayman Islands	  	100% owned by Ticketmaster Luxembourg Holdco 5, S.a.r.5. (U.S. Branch)	  	N/A	  	None
					
	 Ticketmaster China Ventures, L.L.C.
	  	Delaware	  	100% owned by Ticketmaster New Ventures Holdings, Inc.	  	Guarantor	  	None
					
	 Ticketmaster EDCS LLC
	  	Delaware	  	100% owned by Ticketmaster L.L.C.	  	Guarantor	  	None
					
	 Ticketmaster Entertainment China Holding Co. Limited
	  	Hong Kong	  	80% owned by Ticketmaster Luxembourg Holdco 3, S.a.r.1.	  	N/A	  	Stockholders’ Agreement dated as of April 24, 2007
					
	 Ticketmaster Europe Holdco Ltd.
	  	England & Wales	  	100% owned by Ticketmaster Canada Holdings ULC	  	N/A	  	None
					
	 Ticketmaster Florida Gift Certificates L.L.C.
	  	Florida	  	100% owned by Ticketmaster L.L.C.	  	Guarantor	  	None
					
	 Ticketmaster Georgia Gift Certificates L.L.C.
	  	Georgia	  	100% owned by Ticketmaster L.L.C.	  	Guarantor	  	None
					
	 Ticketmaster Iberica Sl
	  	Spain	  	100% owned by Ticketmaster Europe Holdco Ltd.	  	N/A	  	None

									
	 Legal Name
	  	 Jurisdiction of
Formation
	  	 Registered Owner
	  	 Guarantor/

Excluded

Subsidiary
	  	 Buy-Sell, Voting

Trust or Other

Agreements

	 Ticketmaster-Indiana, L.L.C.
	  	Delaware	  	100% owned by Live Nation Entertainment, Inc.	  	Guarantor	  	None
					
	 Ticketmaster Indiana Holdings Corp.
	  	Indiana	  	100% owned by Ticketmaster-Indiana, L.L.C.	  	Guarantor	  	None
					
	 Ticketmaster International Events Ltd.
	  	England & Wales	  	100% owned by Ticketmaster UK Limited	  	N/A	  	None
					
	 Ticketmaster L.L.C.
	  	Virginia	  	100% owned by Live Nation Entertainment, Inc.	  	Guarantor	  	None
					
	 Ticketmaster Luxembourg Holdco 1, S.a.r.1.
	  	Luxembourg	  	100% owned by Ticketmaster New Ventures Holdings, Inc.	  	N/A	  	None
					
	 Ticketmaster Luxembourg Holdco 2, S.a.r.1.
	  	Luxembourg	  	100% owned by Ticketmaster Luxembourg Holdco 1, S.a.r.1.	  	N/A	  	None
					
	 Ticketmaster Luxembourg Holdco 3, S.a.r.1.
	  	Luxembourg	  	100% owned by Ticketmaster Luxembourg Holdco 2, S.a.r.1.	  	N/A	  	None
					
	 Ticketmaster Luxembourg Holdco 4, S.a.r.1.
	  	Luxembourg	  	100% owned by Ticketmaster Canada Holdings ULC	  	N/A	  	None
					
	 Ticketmaster Luxembourg Holdco 5, S.a.r.5.
	  	Luxembourg	  	100% owned by Ticketmaster Canada Holdings ULC	  	N/A	  	None
					
	 Ticketmaster Multimedia Holdings LLC
	  	Delaware	  	100% owned by Live Nation Entertainment, Inc.	  	Guarantor	  	None
					
	 Ticketmaster New Ventures Finance HB
	  	Sweden	  	 99% owned by Ticketmaster Luxembourg Holdco 5, S.a.r.5. (U.S. Branch)

 
 1% owned by Ticketmaster Cayman Finance Company Limited
	  	N/A	  	None

									
	 Legal Name
	  	 Jurisdiction of
Formation
	  	 Registered Owner
	  	 Guarantor/

Excluded

Subsidiary
	  	 Buy-Sell, Voting

Trust or Other

Agreements

	 Ticketmaster New Ventures Holdings, Inc.
	  	Delaware	  	100% owned by Live Nation Entertainment, Inc.	  	Guarantor	  	None
					
	 Ticketmaster New Ventures, Ltd.
	  	Cayman Islands	  	100% owned by Ticketmaster New Ventures Holdings, Inc.	  	N/A	  	None
					
	 Ticketmaster New Ventures II AB Holdings
	  	Sweden	  	100% owned by Ticketmaster Europe Holdco Ltd.	  	N/A	  	None
					
	 Ticketmaster NZ Pty Ltd.
	  	New Zealand	  	100% owned by Ticketmaster Australasia Pty Ltd	  	N/A	  	None
					
	 Ticketmaster Online—Citysearch UK Ltd.
	  	England & Wales	  	100% owned by Ticketmaster UK Limited	  	N/A	  	None
					
	 Ticketmaster Pacific Acquisitions, Inc.
	  	Delaware	  	100% owned by Ticketmaster New Ventures Holdings, Inc.	  	Excluded Subsidiary	  	None
					
	 Ticketmaster Systems Ltd
	  	England & Wales	  	100% owned by FC1031 Limited	  	N/A	  	None
					
	 Ticketmaster Ticketing Information Technology (Shanghai) Co., Ltd
	  	China	  	100% owned by Ticketmaster China Ventures, L.L.C.	  	N/A	  	None
					
	 Ticketmaster UK Limited
	  	England & Wales	  	100% owned by TM Number One Limited	  	N/A	  	None
					
	 Ticketmaster West Virginia Gift Certificates L.L.C.
	  	West Virginia	  	100% owned by Ticketmaster L.L.C.	  	Guarantor	  	None
					
	 Ticketron Australia Pty Ltd
	  	Australia	  	100% owned by Ticketmaster Australasia Pty Ltd	  	N/A	  	None
					
	 TicketsNow.com, Inc.
	  	Illinois	  	100% owned by The V.I.P. Tour Company	  	Guarantor	  	None
					
	 Ticket Service Nederland B.V.
	  	Netherlands	  	100% owned by Ticketmaster UK Limited	  	N/A	  	None
					
	 Ticket Shop Holdings (IOM) (Unlimited)
	  	Isle of Man	  	100% owned by Ticket Shop One (IOM) Limited	  	N/A	  	None

									
	 Legal Name
	  	 Jurisdiction of
Formation
	  	 Registered Owner
	  	 Guarantor/

Excluded

Subsidiary
	  	 Buy-Sell, Voting

Trust or Other

Agreements

	 Ticket Shop (NI) Limited
	  	Northern Ireland	  	100% owned by The Ticket Shop Unlimited	  	N/A	  	None
					
	 Ticket Shop One (IOM) Limited
	  	Isle of Man	  	100% owned by Ticketmaster Canada Holdings ULC	  	N/A	  	None
					
	 Ticket Shop Two (IOM) Limited
	  	Isle of Man	  	100% owned by Ticketmaster Canada Holdings ULC	  	N/A	  	None
					
	 TicketWeb LLC
	  	Delaware	  	 71% owned by FLMG Holdings Corp.
  

29% owned by Live Nation Entertainment, Inc.
	  	Guarantor	  	None
					
	 TicketWeb UK, Ltd
	  	England & Wales	  	100% owned by Ticketmaster Europe Holdco Ltd.	  	N/A	  	None
					
	 Ticnet AB
	  	Sweden	  	100% owned by Ticketmaster New Ventures II AB Holdings	  	N/A	  	None
					
	 Tick Tack Ticket, S.A.
	  	Spain	  	100% owned by Ticketmaster Iberica Sl	  	N/A	  	None
					
	 Ticketmaster Deutschland Holding GmbH
	  	Germany	  	90% owned by Ticketmaster New Ventures Holdings, Inc.	  	N/A	  	Partition of Share, Sale, Purchase and Transfer of Share, Option Agreement and Shareholder Agreement
					
	 TM Number One Limited
	  	England & Wales	  	100% owned by Ticketmaster Europe Holdco Ltd.	  	N/A	  	None
					
	 TM Vista Inc.
	  	Virginia	  	100% owned by Live Nation Entertainment, Inc.	  	Guarantor	  	None
					
	 TNOW Entertainment Group, Inc.
	  	Illinois	  	100% owned by The V.I.P. Tour Company	  	Guarantor	  	None

									
	 Legal Name
	  	 Jurisdiction of
Formation
	  	 Registered Owner
	  	 Guarantor/

Excluded

Subsidiary
	  	 Buy-Sell, Voting

Trust or Other

Agreements

	 Vector Two, LLC
	  	Delaware	  	100% owned by Vector Management LLC	  	N/A	  	None
					
	 Vector Management LLC
	  	Delaware	  	75% owned by Front Line Management Group, Inc.	  	Excluded Subsidiary	  	Limited Liability Company Agreement
					
	 Worldwide Ticket Systems, Inc.
	  	Washington	  	100% owned by Ticketmaster Canada LP	  	N/A	  	None

 SCHEDULE 6.21 

Filings and Recordings 
  

					
	 Type of Filing
	  	 Entity
	  	 Jurisdiction

	UCC-1 Financing Statement	  	Azoff Promotions LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Bill Graham Enterprises, Inc.	  	California
			
	UCC-1 Financing Statement	  	Cellar Door Venues, Inc.	  	Florida
			
	UCC-1 Financing Statement	  	Cobb’s Comedy Inc.	  	California
			
	UCC-1 Financing Statement	  	Connecticut Amphitheater Development Corporation	  	Connecticut
			
	UCC-1 Financing Statement	  	Connecticut Performing Arts, Inc.	  	Connecticut
			
	UCC-1 Financing Statement	  	Connecticut Performing Arts Partners	  	California
			
	UCC-1 Financing Statement	  	Electric Factory Concerts, Inc.	  	Pennsylvania
			
	UCC-1 Financing Statement	  	Entertainers Art Gallery LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Evening Star Productions, Inc.	  	Arizona
			
	UCC-1 Financing Statement	  	EventInventory.com, Inc.	  	Illinois
			
	UCC-1 Financing Statement	  	Event Merchandising Inc.	  	California
			
	UCC-1 Financing Statement	  	FEA Merchandise Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Fillmore Theatrical Services	  	California
			
	UCC-1 Financing Statement	  	FLMG Holdings Corp.	  	Delaware
			
	UCC-1 Financing Statement	  	Front Line BCC LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Front Line Management Group, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	HOB Boardwalk, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	HOB Chicago, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	HOB Entertainment, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	HOB Marina City, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	House of Blues Anaheim Restaurant Corp.	  	Delaware
			
	UCC-1 Financing Statement	  	House of Blues Cleveland, LLC	  	Delaware
			
	UCC-1 Financing Statement	  	House of Blues Concerts, Inc.	  	California
			
	UCC-1 Financing Statement	  	House of Blues Dallas Restaurant Corp.	  	Delaware
			
	UCC-1 Financing Statement	  	House of Blues Houston Restaurant Corp.	  	Delaware
			
	UCC-1 Financing Statement	  	House of Blues Las Vegas Restaurant Corp.	  	Delaware
			
	UCC-1 Financing Statement	  	House of Blues Los Angeles Restaurant Corp.	  	Delaware
			
	UCC-1 Financing Statement	  	House of Blues Myrtle Beach Restaurant Corp.	  	Delaware

					
	 Type of Filing
	  	 Entity
	  	 Jurisdiction

	UCC-1 Financing Statement	  	House of Blues New Orleans Restaurant Corp.	  	Delaware
			
	UCC-1 Financing Statement	  	House of Blues Orlando Restaurant Corp.	  	Delaware
			
	UCC-1 Financing Statement	  	House of Blues Restaurant Holding Corp.	  	Delaware
			
	UCC-1 Financing Statement	  	House of Blues San Diego, LLC	  	Delaware
			
	UCC-1 Financing Statement	  	House of Blues San Diego Restaurant Corp.	  	Delaware
			
	UCC-1 Financing Statement	  	IAC Partner Marketing, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	ILAA, Inc.	  	California
			
	UCC-1 Financing Statement	  	ILA Management, Inc.	  	California
			
	UCC-1 Financing Statement	  	Live Nation Bogart, LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation Chicago, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation Concerts, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation Entertainment, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation – Haymon Ventures, LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation Holdco #1, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation Holdco #2, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation Marketing, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation Merchandise, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation MTours (USA), Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation Studios, LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation Ticketing, LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation Touring (USA), Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation UTours (USA), Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation Ventures, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Live Nation Worldwide, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	LN Acquisition Holdco LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Michigan Licenses, LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Microflex 2001 LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Morris Artists Management LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Musictoday, LLC	  	Virginia
			
	UCC-1 Financing Statement	  	NetTickets.com, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	NOC, Inc.	  	Connecticut
			
	UCC-1 Financing Statement	  	OpenSeats, Inc.	  	Illinois

					
	 Type of Filing
	  	 Entity
	  	 Jurisdiction

	UCC-1 Financing Statement	  	Premium Inventory, Inc.	  	Illinois
			
	UCC-1 Financing Statement	  	Shoreline Amphitheatre, Ltd.	  	California
			
	UCC-1 Financing Statement	  	Show Me Tickets, LLC	  	Illinois
			
	UCC-1 Financing Statement	  	Spalding Entertainment, LLC	  	California
			
	UCC-1 Financing Statement	  	The V.I.P. Tour Company	  	Tennessee
			
	UCC-1 Financing Statement	  	Ticketmaster Advance Tickets, L.L.C.	  	Colorado
			
	UCC-1 Financing Statement	  	Ticketmaster California Gift Certificates L.L.C.	  	California
			
	UCC-1 Financing Statement	  	Ticketmaster China Ventures, L.L.C.	  	Delaware
			
	UCC-1 Financing Statement	  	Ticketmaster EDCS LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Ticketmaster Florida Gift Certificates L.L.C.	  	Florida
			
	UCC-1 Financing Statement	  	Ticketmaster Georgia Gift Certificates L.L.C.	  	Georgia
			
	UCC-1 Financing Statement	  	Ticketmaster-Indiana, L.L.C.	  	Delaware
			
	UCC-1 Financing Statement	  	Ticketmaster Indiana Holdings Corp.	  	Indiana
			
	UCC-1 Financing Statement	  	Ticketmaster L.L.C.	  	Virginia
			
	UCC-1 Financing Statement	  	Ticketmaster Multimedia Holdings LLC	  	Delaware
			
	UCC-1 Financing Statement	  	Ticketmaster New Ventures Holdings, Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Ticketmaster West Virginia Gift Certificates L.L.C.	  	West Virginia
			
	UCC-1 Financing Statement	  	TicketsNow.com, Inc.	  	Illinois
			
	UCC-1 Financing Statement	  	TicketWeb, LLC	  	Delaware
			
	UCC-1 Financing Statement	  	TM Vista Inc.	  	Virginia
			
	UCC-1 Financing Statement	  	TNOW Entertainment Group, Inc.	  	Illinois
			
	UCC-1 Financing Statement	  	TNA Tour II (USA) Inc.	  	Delaware
			
	UCC-1 Financing Statement	  	Wiltern Renaissance LLC	  	Delaware
			
	U.S. Trademark Agreement	  	 Evening Star Productions, Inc.

EventInventory.com, Inc.
 HOB Entertainment, Inc.

 Live Nation Entertainment, Inc.
 Live
Nation Worldwide, Inc.
 Musictoday, LLC

The V.I.P. Tour Company
 Ticketmaster
L.L.C.
 TicketsNow.com, Inc.

TicketWeb, LLC
 TNOW Entertainment Group, Inc.

	  	USPTO
			
	U.S. Patent Agreement	  	 Live Nation Worldwide, Inc.

Ticketmaster L.L.C.
	  	USPTO

					
	 Type of Filing
	  	 Entity
	  	 Jurisdiction

	U.S. Copyright Agreement	  	 Bill Graham Enterprises, Inc.

Live Nation Entertainment, Inc.
 Live Nation
Worldwide, Inc.
 Ticketmaster L.L.C.
	  	US Copyright Office

 SCHEDULE 7.08 

Insurance 
  

									
	 Carrier
	  	 Policy Number
	  	 Expiration
Date
	  	 Type of

Insurance
	  	 Amount

	National Union Fire Insurance Co.	  	GL#6506469	  	11/1/10	  	 General

Liability
	  	 $1,000,000 each occurrence

$1,000,000 fire damage
 $1,000,000 personal &
adv injury
 $5,000,000 general aggregate

$1,000,000 products

	National Union Fire Insurance Co.	  	GL6506470	  	11/1/10	  	 Liquor

Liability
	  	$1,000,000 each/aggregate
	National Union Fire Insurance Co.	  	 CA 6647348

CA 6647351
 CA
6647350-MA
 CA 6647349-VA
	  	11/1/10	  	Automobile Liability	  	$2,000,000 combined single limit covering all owned autos, hired autos, non-owned autos and any autos in MA and VA
	New Hampshire Insurance Co.	  	 WC 004289400, 01, 02

WC004289396, 97, 98, 99
	  	11/1/10	  	Workers Compensation and Employers’ Liability	  	 $2,000,000 E.L. each accident

$2,000,000 E.L. disease each employee
 $2,000,000
disease policy limit
 WC statutory limits

	Lexington Insurance Company	  	020412766	  	12/31/10	  	Property	  	$25,000,000 blanket building and property
	Federal Insurance Co	  	6803-8552	  	12/20/10	  	Fiduciary Liability	  	$10,000,000 aggregate
	National Union Fire Insurance Co.	  	01-423-57-23	  	12/20/10	  	Employment Practices Liability	  	$10,000,000 aggregate
	US Specialty Insurance Co.	  	14-MGU-09-A20586	  	12/20/10	  	Director & Officers’ Liability	  	$50,000,000 aggregate, each carrier is on for $10,000,000, each with US Specialty as primary
	Axis Insurance Co.	  	 MAN

736263/01/2009
	  	  	  
	Federal Ins Co. Chubb	  	8207-7346	  	  	  
	Allied World Assurance Co.	  	0305-1702	  	  	  
	St Paul Fire & Marine Ins Co.	  	568CM3109	  	  	  
	Federal Ins Co	  	8207-7353	  	12/20/10	  	Crime Insurance	  	$15,000,000 each loss
	Royal & Sun Alliance	  	 YMM824298/

YMM82429
	  	11/1/10	  	Global Package	  	 $10,000,00 EL
 $2,000,000
Public

									
	 Carrier
	  	 Policy Number
	  	 Expiration
Date
	  	 Type of

Insurance
	  	 Amount

	Chartis Insurance Co of Canada	  	RMGL9895631	  	11/1/10	  	Canadian Package	  	 $2,000,000 general aggregate

$1,000,000 BI/PD per occurrence

	Westchester Fire Insurance Company	  	G21979363005	  	11/1/10	  	Umbrella	  	$25,000,000
	AWAC	  	3050614	  	11/1/10	  	1st Excess
	  	$25,000,000 xs $25,000,000
	Great American Assurance	  	EXC8634746	  	11/1/10	  	2nd Excess
	  	$25,000,000 p/o $50,000,000 xs $50,000,000
	Starr Indemnity	  	WCSINAT500005409	  	11/1/10	  	2nd Excess
	  	$25,000,000 p/o $50,000,000 xs $50,000,000
	Endurance Spec (Bermuda)	  	EXC10001788700	  	11/1/10	  	3rd Excess
	  	$25,000,000 xs $100,000,000
	Aspen (Bermuda)	  	ECA119F09A0R	  	11/1/10	  	4th Excess
	  	$25,000,000 p/o $50,000,000 xs $125,000,000
	Torus (Bermuda)	  	BDAFF03-2009-0013	  	11/1/10	  	4th Excess
	  	$25,000,000 p/o $50,000,000 xs $125,000,000
	AIG Excess (Bermuda)	  	25413360	  	11/1/10	  	5th Excess
	  	$50,000,000 xs $175,000,000
	Westchester/ACE (Bermuda)	  	LYV-PD/09	  	11/1/10	  	Lead Puni Wrap	  	$25,000,000
	AWAC (Bermuda)	  	C0107711/002	  	11/1/10	  	Excess Puni Wrap	  	$25,000,000 xs $25,000,000
	Magna Carta (Bermuda)	  	MCDP202325	  	11/1/10	  	Excess Puni Wrap	  	$25,000,000 p/o $50,000,000 xs $50,000,000
	Starr Insurance (Bermuda)	  	00209	  	11/1/10	  	Excess Puni Wrap	  	$25,000,000 p/o $50,000,000 xs $50,000,000
	Illionois National	  	013102155	  	11/1/10	  	Errors & Omissions	  	$25,000,000
	Axis	  	MNG749780-09	  	12/31/10	  	Excess Property	  	$12,500,000 p/o $25,000,000 xs $25,000,000
	Princeton (Munich RE)	  	78A3XP000023700	  	12/31/10	  	Excess Property	  	$7,500,000 p/o $25,000,000 xs $25,000,000
	ACE	  	CRXD37458004	  	12/31/10	  	Excess Property	  	$5,000,000 p/o $25,000,000 xs $25,000,000
	Insurance Company of the State of PA (AIG WorldSource)	  	IMB7528354	  	12/31/10	  	International Excess Property	  	$100,000,000 xs $50,000,000
	Lloyd’s	  	E09RQ2923200	  	12/31/10	  	Primary Terrorism	  	$100,000,000
	Lloyd’s	  	E09RQ2923A00	  	12/31/10	  	Excess Terrorism	  	$50,000,000 xs $100,000,000
	Royal & Sun Alliance	  	B0823 MA0902012	  	12/31/10	  	Marine Cargo	  	 $3,750,000

$20,000,000
 $25,000,000

$2,500,000

$2,000,000

 SCHEDULE 7.18 

Post-Closing Matters 

Within 90 days of the Closing Date (or such longer period as the Administrative Agent may designate in writing in its sole discretion, the
“Post-Closing Period”), Parent Borrower shall complete or cause to be completed the following actions: 
 1. Termination of
Liens. Parent Borrower shall cause the following liens to be terminated within the Post-Closing Period: 
  

											
	 Debtor
	  	 Jurisdiction
	  	 Type of

filing
	  	 Secured

Party
	  	 File Date
	  	 File Number

	Front Line Management Group, Inc.	  	Delaware	  	UCC-1	  	First Republic Bank, a Division of Merrill Lynch Bank and Trust Co., FSB	  	06/17/2008	  	2008 2077087
	Front Line Management Group, Inc.	  	California SOS	  	UCC-1	  	The Azoff Family Trust	  	08/05/2005	  	057036884980
	ILAA, Inc.	  	California	  	UCC-1	  	The Azoff Family Trust of 1997	  	08/05/2005	  	057036883111

 2. Possessory Collateral. To the extent
not already delivered to the Collateral Agent, Parent Borrower shall cause the following certificated equity interests (together with corresponding stock powers, endorsed in blank) and promissory notes and instruments (together with corresponding
allonges or note powers, endorsed in blank) to be delivered to the Collateral Agent within the Post-Closing Period: 
 A. Stock Certificates

  

							
	 Current Legal

Entities Owned
	  	 Record Owner
	  	 Certificate
No.
	  	 No. Shares/Interest

	Evening Star Productions, Inc.	  	Live Nation Concerts, Inc.	  	N-1	  	700 Common
	Event Merchandising Inc.	  	Live Nation Worldwide, Inc.	  	 N-1

P-1
	  	 1,333.3 Common
 42,500 Series A
Preferred

	Fillmore Theatrical Services	  	Bill Graham Enterprises, Inc.	  	2	  	4,000 Common
	HOB Boardwalk, Inc.	  	HOB Entertainment, Inc.	  	1	  	1,000 Common
	HOB Entertainment, Inc.	  	Live Nation Worldwide, Inc.	  	299	  	1,000 Common
	House of Blues Concerts, Inc.	  	HOB Entertainment, Inc.	  	3	  	100 Common
	House of Blues Dallas Restaurant Corp.	  	House of Blues Restaurant Holding Corp.	  	2	  	1,000 Common
	House of Blues Houston Restaurant Corp.	  	House of Blues Restaurant Holding Corp.	  	2	  	1,000 Common

							
	 Current Legal

Entities Owned
	  	 Record Owner
	  	 Certificate
No.
	  	 No. Shares/Interest

	House of Blues Las Vegas Restaurant Corp.	  	HOB Entertainment, Inc.	  	1	  	1,000 Common
	House of Blues Los Angeles Restaurant Corp.	  	HOB Entertainment, Inc.	  	2	  	1,000 Common
	House of Blues Myrtle Beach Restaurant Corp.	  	HOB Entertainment, Inc.	  	1	  	1,000 Common
	House of Blues New Orleans Restaurant Corp.	  	HOB Entertainment, Inc.	  	2	  	1,000 Common
	House of Blues Restaurant Holding Corp.	  	HOB Entertainment, Inc.	  	1	  	1,000 Common
	House of Blues San Diego Restaurant Corp.	  	HOB Entertainment, Inc.	  	1	  	1,000 Common
	Live Nation Chicago, Inc.	  	Live Nation Worldwide, Inc.	  	N-1	  	100 Shares
	Live Nation Concerts, Inc.	  	Live Nation Worldwide, Inc.	  	N-1	  	1,000 Common
	Live Nation Holdco #1, Inc.	  	Live Nation Entertainment, Inc.	  	 4

5

6
	  	 1
 8,000

704,053.00

	Live Nation Holdco #2, Inc.	  	Live Nation Holdco #1, Inc.	  	3	  	600,000 Common
	Live Nation Marketing, Inc.	  	Live Nation Worldwide, Inc.	  	N-1	  	100 Common
	Live Nation Touring (USA), Inc.	  	Live Nation Worldwide, Inc.	  	N-1	  	100 Common
	Live Nation UTours (USA), Inc.	  	Live Nation Worldwide, Inc.	  	N-1	  	1,000 Common
	Live Nation Ventures, Inc.	  	Live Nation Worldwide, Inc.	  	A-1	  	100 Common
	Live Nation Worldwide, Inc.	  	Live Nation Holdco #2, Inc.	  	A-3	  	1,000 Common–Class A
	LRW Theatre Corp.	  	Live Nation Worldwide, Inc.	  	3	  	25,000 Common
	Anthill Trading (Overseas) Limited	  	Live Nation Worldwide, Inc.	  		  	
	Ticketstoday Limited (UK)	  	Musictoday, LLC	  		  	
	Live Nation Canada, Inc.	  	HOB Entertainment, Inc.	  	C-7	  	0.65 Common
	Live Nation Touring (Canada), Inc.	  	Live Nation Worldwide, Inc.	  	C-5	  	6 Common
	Ticketmaster Pacific Acquisitions, Inc.	  	Ticketmaster New Ventures Holdings, Inc.	  	2	  	100
	Ticketmaster Luxembourg Holdco 1, S.a.r.l. (Luxembourg)	  	Ticketmaster New Ventures Holdings, Inc.	  		  	

							
	 Current Legal

Entities Owned
	  	 Record Owner
	  	 Certificate
No.
	  	 No. Shares/Interest

	Ticketmaster New Ventures Ltd. (Cayman)	  	Ticketmaster New Ventures Holdings, Inc.	  	1	  	1,000 Ordinary

 B. Instruments 

 

													
	 Lender
	  	 Borrower
	  	Principal
Amount	  	Date of
Issuance	  	Interest
Rate	 	 	Maturity
Date
	FLMG Holdings Corp.	  	Front Line Management Group, Inc.	  	$	4,175,000.00	  	4/29/10	  	4.50	% 	 	4/29/15

 SCHEDULE 8.01 

Existing Liens 

1. Liens filed against Amphitheatre Ireland Limited securing indebtedness from HSBC, which is listed on Schedule 8.03. 

2 Please see attached chart. 

													
	 Debtor
	  	 Jurisdiction
	  	 Type of filing
	  	 Secured Party
	  	 Collateral
	  	 File Date
	  	 Number

	Bill Graham Enterprises, Inc.	  	California	  	UCC-1	  	Herc Exchange, LLC	  	Equipment	  	04/7/2010	  	2458813002
							
	Bill Graham & Chuck Morris Presents; Chuck Morris Presents LLC; Kroenke Sports Holdings, LLC; Universal Lending Pavillion	  	Colorado	  	UCC-1	  	Dowlen Sound Inc.	  	In lieu filing re: mixing consoles, microphones, speakers, etc.	  	06/1/2006	  	2006F053452
							
	Cinq Group, LLC	  	Delaware	  	UCC-1	  	The CIT Group/Commercial Services, Inc.	  	Accounts receivable created on or prior to March 31, 2009, and merchandise represented thereby (delivered or undelivered) and any proceeds thereof.	  	 12/11/2003
  

Five
 Amendments Continuation
8/5/2008
	  	 33263707
  

Amendment:
 2008 2682886

							
	Evening Star Productions, Inc.	  	Arizona	  	State Tax Lien	  	Arizona Department of Revenue	  		  	09/9/1983	  	000146-3
							
	FEA Merchandise Inc.	  	Delaware	  	UCC-3 Amendment	  	The CIT Group/Commercial Services, Inc.	  	All property described on Schedule A	  	 09/13/2005
  

Amendment:
 12/3/2009
	  	 5282661 9
  

Amendment:
 2009-3872121

							
	FEA Merchandise Inc.	  	Delaware	  	UCC-3 Amendment	  	The CIT Group/Commercial Services, Inc.	  	All property described on Schedule A	  	 09/15/2005
  

Amendment:
 12/3/2009
	  	 52856236
  

Amendment:
 2009 3872147

							
	Grand Entertainment (Row), LLC	  	Delaware	  	UCC-1	  	The Weinstein Company	  	All right re: motion picture entitled “Pete Seeger: The Power of Song”	  	07/3/2008	  	2008 2611414
							
	HOB Entertainment, Inc.	  	Delaware	  	UCC-3 Continuation	  	Ameritech Credit Corporation d/b/a SBC Capital Services	  	 Computer hardware and software

Equipment
	  	 09/15/2004
  

Amendment: 7/24/09
	  	 4263785 0
  

Amendment:
 2009 2384946

							
	HOB Entertainment, Inc.	  	Delaware	  	UCC-1	  	Wells Fargo Financial Leasing, Inc.	  	Goods	  	06/15/2007	  	2007 2465911

													
	 Debtor
	  	 Jurisdiction
	  	 Type of filing
	  	 Secured Party
	  	 Collateral
	  	 File Date
	  	 Number

	HOB Entertainment, Inc.	  	Delaware	  	UCC-1	  	Xerox Corporation	  	True Lease	  	09/10/2009	  	2009 2907472
							
	HOB Entertainment, Inc.	  	Los Angeles County, CA	  	Federal Tax Lien	  	IRS	  	$14,537.02	  	03/18/2010	  	20100371855
							
	HOB Entertainment, Inc.	  	Los Angeles County, CA	  	State Tax Lien	  	Los Angeles County Tax Collector	  	$844.50	  	05/24/2001	  	01-0891389
							
	HOB Entertainment, Inc.	  	Los Angeles County, CA	  	State Tax Lien	  	Los Angeles County Tax Collector	  	$434.97	  	03/06/2002	  	02-0526923
							
	HOB Entertainment, Inc.	  	Los Angeles County, CA	  	State Tax Lien	  	Los Angeles County Tax Collector	  	$201.13	  	12/03/2003	  	20033639646
							
	HOB Entertainment, Inc.	  	California SOS	  	Federal Tax Lien	  	 IRS/OHIO
 P.O. BOX
145595
 CINCINNATI OH 25250
	  	$14,537.02	  	03/15/2010	  	107225656943
							
	House of Blues Concerts, Inc.	  	Los Angeles County, CA	  	State Tax Lien	  		  	$769.57	  	12/05/2008	  	20082144406
							
	House of Blues San Diego Restaurant Corp. (original debtor on filing - amendment changed debtor name to Music Venue Management Corp.)	  	Delaware	  	UCC-3 Assignment	  	Republic Bank, Inc.	  	True Lease	  	 10/11/2006
  

Amendment:
 12/19/006
	  	 6351226 6
  

Amendment:
 64440806

							
	ILA Management, Inc.	  	California	  	UCC-1	  	Xerox Corporation	  	True Lease	  	10/30/2006	  	067090202147
							
	ILA Management, Inc.	  	Los Angeles County, CA	  	State Tax Lien	  		  	$232.93	  	12/16/2002	  	20023063449

  

 198 

													
	 Debtor
	  	 Jurisdiction
	  	 Type of filing
	  	 Secured Party
	  	 Collateral
	  	File Date	  	Number
	 LIVE NATION LESSEE
 (no more
specific identifier as to name of the actual entity against which the lien is placed)
	  	Los Angeles County, CA	  	State Tax Lien	  		  	$178.22	  	03/12/2008	  	20080425028
							
	Live Nation, Inc.	  	Delaware	  	UCC-1	  	CIT COMMUNICATIONS FINANCE CORPORATION	  	Equipment	  	07/28/2008	  	2008 2570156
							
	Live Nation Worldwide, Inc.	  	California	  	UCC-1	  	BBH Financial Services	  	Equipment	  	01/27/2009	  	09-7185802797
							
	Live Nation Worldwide, Inc. and Shine A Light, LLC	  	Delaware	  	UCC-1	  	Twentieth Century Fox Film Corporation	  	All of debtor’s right, title and interest in and to the motion picture currently entitled “Shine A Light” and the proceeds therefrom, all as more fully set forth in
exhibit “I”	  	02/11/2008	  	2008 0509115
							
	Music Venue Management Corp.	  	Delaware	  	UCC-1	  	Republic Bank, Inc.	  	Leased software, etc.	  	3-7-2007	  	2007 0931492
							
	Live Nation Worldwide, Inc., Shine A Light, LLC and Shangri-LA Entertainment, LLC	  	Delaware	  	UCC-1	  	Directors Guild of America, Inc.	  	As Security for the prompt and complete payment and performance when due of all obligation of debtor (s) to secured party under the security agreement	  	04/04/2008	  	2008 1195245
							
	Live Nation Worldwide, Inc.	  	Delaware	  	UCC-1	  	Xerox Corporation	  	Equipment	  	10/23/2009	  	2009 3418594
							
	Mad Mac	  	California	  	State Tax Lien	  	Employment Development Depart	  	$6831.16	  	04/17/2002	  	0210860275

													
	 Debtor
	  	 Jurisdiction
	  	 Type of filing
	  	 Secured Party
	  	 Collateral
	  	File Date	  	Number
	Musictoday, LLC	  	Virginia	  	UCC-3 Continuation	  	Universal Music & Video Distribution Corp.	  	Universal Music and Video Distribution Corp UCC Collateral description debtor hereby grants to the secured party a continuing security interest in all of the following personal
property	  	08/05/2004  

Amendment:
 5/12/09
	  	0408057120-5  

Amendment:
 09051272004

							
	SFX Entertainment Inc.	  	Delaware	  	UCC-3 Continuation	  	DE Lage Landen Financial Services, Inc.	  	Equipment	  	10/21/2004  

Amendment:
 9/23/09
	  	4302285 4  

Amendment:
2009 3043384

							
	SFX Entertainment, Inc.	  	Delaware	  	UCC-3 Continuation	  	DE Lage Landen Financial Services, Inc.	  	Equipment	  	03/21/2005  

Amendment:
 2/24/10
	  	5087902 4  

Amendment:
 2010 0614655

							
	SFX Touring, Inc.	  	Delaware	  	UCC-1	  	Cirque Arena Partners, LLP	  	50% membership interest held in Delirium General Partner, LLC and 49.5% limited partner interest held in Delirium Concert, L.P.	  	04/27/2006	  	61425263
							
	Signatures Network, Inc.	  	California SOS	  	State Tax Lien	  	State of California Employment Development Department	  	$2,203.95	  	09/2/2009	  	09-7207386729
							
	Signatures Network, Inc.	  	California SOS	  	State Tax Lien	  	State of California Employment Development Department	  	$2,568.13	  	10/30/2009	  	09-7213264802
							
	Sunshine Concerts, L.L.C.	  	Delaware	  	UCC-1	  	U.S. Bancorp	  	Equipment	  	11/10/2008	  	2008 3766902
							
	The V.I.P. Tour Company	  	Delaware	  	UCC-1	  	Cisco Systems Capital Corporation	  	Equipment	  	07/18/2006	  	6247995 4

													
	 Debtor
	  	 Jurisdiction
	  	 Type of filing
	  	 Secured Party
	  	 Collateral
	  	File Date	  	Number
	The V.I.P. Tour Company	  	Delaware	  	UCC-1	  	Cisco Systems Capital Corporation	  	Equipment	  	07/18/2006	  	6247998
8
							
	The V.I.P. Tour Company	  	Delaware	  	UCC-1	  	Cisco Systems Capital Corporation	  	Equipment	  	07/18/2006	  	6248012
7
							
	The V.I.P. Tour Company	  	Delaware	  	UCC-1	  	HEWLETT-PACKARD FINANCIAL SERVICE COMPANY	  	Equipment	  	07/31/2006	  	6263730
4
							
	The V.I.P. Tour Company	  	Cook County, Illinois	  	Local Litigation	  	 Judgment
 Cach
LLC
	  	Case Type: Contract	  	10/01/1999	  	2009-
M1-
165637
							
	Ticketmaster Corporation	  	Delaware	  	UCC-1	  	U.S. Bancorp	  	Equipment - printers	  	08/5/2005	  	5249125
							
	Ticketmaster Corporation	  	Delaware	  	UCC-1	  	U.S. Bancorp	  	Equipment - copiers	  	03/14/2006	  	60862730
							
	Ticketmaster Corp.	  	Delaware	  	UCC-1	  	U.S. Bancorp	  	Equipment - scanners	  	06/12/2006	  	61998988
							
	Ticketmaster LLC	  	Delaware	  	UCC-1	  	MWB Business Systems	  	Equipment	  	07/6/04
 Continuation:
06/18/09
	  	41911447
 2009
1943064

							
	Ticketmaster LLC	  	Delaware	  	UCC-1	  	U.S. Bancorp	  	Equipment	  	12/4/2007	  	2007
4561360
							
	Ticketmaster LLC	  	Delaware	  	UCC-1	  	U.S. Bancorp	  	Equipment	  	12/4/2007	  	2007
4561378
							
	Ticketmaster LLC	  	Delaware	  	UCC-1	  	U.S. Bancorp	  	Equipment	  	12-4-2007	  	2007
4561386

													
	 Debtor
	  	 Jurisdiction
	  	 Type of filing
	  	 Secured Party
	  	 Collateral
	  	File Date	  	Number
	Ticketmaster L.L.C.	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	04/16/2008	  	0804167091-5
							
	Ticketmaster L.L.C.	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	04/16/2008	  	0804167092-7
							
	Ticketmaster L.L.C.	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	04/16/2008	  	0804167093-9
							
	Ticketmaster L.L.C.	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	04/16/2008	  	0804167255-3
							
	Ticketmaster L.L.C.	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	05/30/2008	  	0805307193-3
							
	Ticketmaster LLC	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	06/11/2008	  	0806117134-1
							
	Ticketmaster LLC	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	06/26/2008	  	0806267153-2
							
	Ticketmaster LLC	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	08/04/2008	  	0808047151-6
							
	Ticketmaster LLC	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	09/12/2008	  	08091271856
							
	Ticketmaster LLC	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	10/31/2008	  	08103171203
							
	Ticketmaster LLC	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	11/06/2008	  	08110671632
							
	Ticketmaster LLC	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	01/29/2009	  	09012970982
							
	Ticketmaster LLC	  	Virginia	  	UCC-1	  	US Bancorp	  	Equipment	  	02/12/2009	  	09021271525

													
	 Debtor
	  	 Jurisdiction
	  	 Type of filing
	  	 Secured Party
	  	 Collateral
	  	File Date	  	Number
	Ticketmaster L.L.C.	  	Los Angeles County, CA	  	State Tax Lien	  	Los Angeles County Tax Collector	  	$1317.64	  	02/22/2002	  	02-0416328
							
	Ticketmaster L.L.C.	  	Los Angeles County, CA	  	Local Litigation	  	Plaintiff: Samson, Marc DBA Mas Marketing	  		  	04/02/2002	  	02M04519
							
	Ticketmaster L.L.C.	  	Los Angeles County, CA	  	Local Litigation	  	Plaintiff: Schaller, John	  		  	04/22/2002	  	
							
	Ticketmaster L.L.C.	  	Los Angeles County, CA	  	Local Litigation	  	Plaintiff: Corinth Corp.	  		  	12/11/2006	  	
							
	TNOW ENTERTAINMENT GROUP, INC.	  	Illinois	  	UCC-1	  	HEWLETT-PACKARD FINANCIAL SERVICES COMPANY	  	All equipment and software	  	08/01/2008	  	

  

 203 

 SCHEDULE 8.02(b) 

Existing Investments 

Please see Schedule 6.14. 
 A. Capital Stock
of Another Person 
  

					
	 Current Legal Entities Owned
	  	 Record Owner
	  	 No. Shares/ Percentage
Interest

	Adventure Sport Events Limited	  	Gafrus Limited	  	50% Interest
			
	Anti-Concerts Investments N.V.	  	Mojo Works BV	  	50% Interest
			
	Antwerps Sportpaleis NV	  	Mojo Works BV	  	8.25% Interest
			
	A.P.E. Radio, LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	AA Music Management, LLC	  	ILA Management, Inc.	  	50% Membership Interest
			
	Bee & El LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Bee & El Marketing Services LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Beijing Gehua Live Nation Entertainment and Sports Company Limited	  	Live Nation International Holdings BV	  	50% Interest
			
	Beijing Gehua Ticketmaster Ticketing Co. Ltd.	  	Ticketmaster New Ventures Holdings, Inc.	  	40% JV Agreement
			
	Boom Management, LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Broadway China Ventures, LLC	  	Ticketmaster New Ventures Holdings, Inc.	  	14.6% JV Agreement
			
	Career Artist Management LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Chastain Ventures JV	  	Live Nation Worldwide, Inc.	  	50% JV Interest
			
	Consozio get Live In liquidazione	  	Live Nation Italia SRL	  	50% Interest
			
	De Nationale Theaterkassa BV	  	Mojo Works BV	  	33.33% Interest
			
	De Schone Schijn NV	  	Mojo Works BV	  	8.25% Interest
			
	Doyle Kos Management LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	DS Artists Management LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Festival Republic Media Limited	  	Gafrus Limited	  	50% Interest
			
	Get Live 2 Srl	  	Live Nation Italia SRL	  	10% Interest
			
	GVE Venture LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Heavenly Planet LLP	  	Festival Republic Limited	  	50% Partnership Interest
			
	Hilltop/Nederlander LLC	  	House of Blues Concerts, Inc.	  	50% Membership Interest

					
	 Current Legal Entities Owned
	  	 Record Owner
	  	 No. Shares/ Percentage
Interest

	Kenneth Crear Management LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Larry Rudolph Management LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	LCB France	  	Live Nation Touring (USA), Inc.	  	50% Interest
			
	Live 360 LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Madrid Deportes Y Espectaculos SA	  	Live Nation Espana SAU	  	13.5% Interest
			
	Mark Rothbaum & Associates, LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Mick Artist Management LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Mojo Theater BV	  	Mojo Works BV	  	43.5% Interest
			
	Nettwerk Live, LLC	  	Live Nation Worldwide, Inc.	  	49% Membership Interest
			
	Parcolimpico SRL	  	Get Live 2 Srl	  	70% Interest
			
	Pointstar Limited	  	Live Nation (Theatrical) UK Limited	  	25% Interest
			
	Pop Nation, LLC	  	Live Nation Worldwide, Inc.	  	50% Membership Interest
			
	Rock in Rio Madrid SA	  	Live Nation Espana SAU	  	40% Interest
			
	ROC Nation, LLC	  	Live Nation Worldwide, Inc.	  	50% Membership Interest
			
	RPM Acquisition, LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Santa’s Kingdom (Scotland) Limited	  	Concerts at DF Limited	  	50% Interest
			
	Spectacle Entertainment Group LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	StarRoc LLC	  	ROC Nation, LLC	  	50% Membership Interest
			
	Strategic Artist Management LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Unholy Alliance Limited	  	Concerts at DF Limited	  	50% Interest
			
	Vector West LLC	  	Front Line Management Group, Inc.	  	50% Membership Interest
			
	Venta de Boleta Por Compudor	  	Ticketmaster New Ventures Ltd.	  	33.33% Interest
			
	Welldone LR OY	  	Live Nation Finland OY	  	32% Interest
			
	Windfield Promotions Limited	  	LN-Gaiety Holdings Limited	  	50% Interest

 B. Loan, Advance or Capital Contribution to, Guaranty or Assumption of Debt of Another Person 

 1. Please see guarantees listed on Schedule 8.03. 

2. Ticketmaster Entertainment LLC guaranteed a $3,250,000 line of credit granted to one of its clients in connection with the production of Broadway
shows in China. 
 3. Live Nation International Holdings BV made an intercompany loan to a wholly-owned subsidiary, Friends & Partners,
that was subsequently sold with the intercompany debt assumed by the buyer. The balance as of December 31, 2009 is $1,146,640, and this investment is due to be repaid on June 30, 2010. 

 SCHEDULE 8.02(x) 

Designated Investments 

1. Lansdowne Boston Restaurant Corp., Inc. 
 2.
Tour Design Creative 
 3. Live Nation Canada, Inc.: Molson Canadian Amphitheatre and other related assets and revenue streams 

4. O2 Dublin and related management agreement 

5. Purchase of the Capital Stock of Career Artist Management, LLC (“CAM”) not owned by the Consolidated Group so long as CAM becomes a
Domestic Credit Party and the Parent would be in pro forma compliance with Section 8.10 
 6. Investments in ROC Nation, LLC in an amount
not to exceed $5.0 million 

 SCHEDULE 8.03 

Existing Indebtedness 
  

	 	1.	Azoff Promissory Note 

  

	 	2.	Letter of Credit issued outside of this Credit Agreement 

  

								
	 Obligor/Applicant
	  	 Beneficiary
	  	 Issuer
	  	Principal Amount
	Live Nation Canada, Inc.	  	B.C Liquor Distribution Branch	  	RBC	  	CAD	20,000
	Live Nation Canada, Inc.	  	Brewers Distribution	  	RBC	  	CAD	 25,000
	Live Nation Espana SAU	  	Rock In Rio Madrid	  	Caja Madrid	  	EUR	600,000
	Ticketmaster LLC	  	Office of State Tax Commission	  	Wells Fargo Bank, N.A.	  	$	210,000
	Ticketmaster LLC	  	NRT New York LLC D/B/A	  	Wells Fargo Bank, N.A.	  	$	115,276
	TicketsNow.com, Inc.	  	Atrium Corporate Centre, LLC	  	Wells Fargo Bank, N.A.	  	$	200,000

  

	 	3.	Guarantees 

  

								
	 Obligor/Applicant
	  	 Beneficiary
	  	 Issuer
	  	Principal Amount
	Live Nation Espana SAU	  	Rock in Rio	  	Caja Madrid	  	EUR	14,400.00
	Live Nation Espana SAU	  	Rock in Rio	  	Caja Madrid	  	EUR	411,701.00
	Live Nation Espana SAU	  	MDYE	  	Caja Madrid	  	EUR	 148,500.00
	Live Nation Espana SAU	  	MDYE	  	Caja Madrid	  	EUR	 175,500.00
	Gamerco S.A.	  	IMDER	  	Caja Madrid	  	EUR	 540,000.00
	Live Nation Espana SAU	  	MDYE	  	Caja De Ahorros	  	EUR	 67,500.00
	Live Nation Espana SAU	  	Rock In Rio Madrid	  	Caja Madrid	  	EUR	 600,000.00

  

	 	4.	Please see attached. 

 SCHEDULE 8.05 

Designated Assets 
  

	1.	Live Nation Holdco #1, Inc. and/or its assets, including the Hilton Theatre 

 

	2.	House of Blues and/or its assets 

  

	3.	The V.I.P. Tour Company, its subsidiaries and/or assets 

  

	4.	Cirkus (Stockholm, Sweden) 

  

	5.	GetMeIn! Limited and/or its assets 

 SCHEDULE 8.06(b) 

Certain Restricted Payments 
  

	1.	Front Line Management Group, Inc. 

  

	2.	Vector Management, LLC 

  

	3.	Echomusic, LLC 

  

	4.	TM Deutschland GmbH 

  

	5.	Ticketmaster Entertainment China Holding Co. Limited 

 SCHEDULE 11.02 

Notice Addresses 
  

			
	Parent Borrower
	Live Nation Entertainment, Inc.
	9438 Civic Center Drive
	Beverly Hills, CA 90210
	Attn:	  	Chief Financial Officer and General Counsel
	Phone:	  	(310) 867-7000
	Fax:	  	(310) 867-7158
	Website:	  	http://www.livenation.com
	Email as separately provided to Administrative Agent.
	
	Administrative Agent
	
	JPMorgan Chase Bank, N.A.
	JPMorgan Loan Services
	1111 Fannin Street, 10th
Floor
	TX2-F046	  	
	Houston, TX 77002
	Attn:	  	Shadia O. Aminu
	Phone:	  	(713) 750-7933
	Fax:	  	(713) 750-2878
	Email:	  	shadia.o.aminu@jpmchase.com
	
	With copy to:
	JPMorgan Chase Bank, N.A.
	383 Madison Avenue, Floor 24
	New York, NY 10179
	Attn:	  	Tina Ruyter
	Fax:	  	(212) 270-5127
	
	Collateral Agent
	
	JPMorgan Chase Bank, N.A.
	JPMorgan Loan Services
	1111 Fannin Street, 10th Floor
	TX2-F138
	Houston, TX 77002
	Attn:	  	Evelyne P. Dixon (Document Management)
	Fax:	  	(713) 750-2309
	Attn:	  	Elizabeth Rarich (Negotiable Collateral)
	Fax:	  	(713) 750-3757

			
	Canadian Agent
	JPMorgan Chase Bank, N.A.
	JPMorgan Loan Services
	1111 Fannin Street, 10th
Floor
	TX2-F046
	Houston, TX 77002
	Attn:	  	Carla Kinney
	Fax:	  	(713) 374-4312
	
	With copy to:
	JPMorgan Chase Bank, N.A.
	383 Madison Avenue, Floor 24
	New York, NY 10179
	Attn:	  	Tina Ruyter
	Fax:	  	(212) 270-5127
	
	London Agent
	JPMorgan Europe Limited
	125 London Wall
	London, United Kingdom EC2Y-5AJ
	Attn:	  	Belinda Lucas
	Fax:	  	011-44-207-777-2360
	
	With copy to:
	JPMorgan Chase Bank, N.A.
	383 Madison Avenue, Floor 24
	New York, NY 10179
	Attn:	  	Tina Ruyter
	Fax:	  	(212) 270-5127
	
	Swingline Lender
	JPMorgan Chase Bank, N.A.
	Loan and Agency Services Group
	1111 Fannin Street, 10th Floor
	TX2-F046
	Houston, TX 77002
	Attn:	  	Shadia O. Aminu
	Phone:	  	(713) 750-7933
	Fax:	  	(713) 750-2878
	Email:	  	shadia.o.aminu@jpmchase.com
	
	With copy to:
	JPMorgan Chase Bank, N.A.
	383 Madison Avenue, Floor 24
	New York, NY 10179
	Attn:	  	Tina Ruyter
	Fax:	  	(212) 270-5127

			
	Issuing Banks
	JPMorgan Chase Bank, N.A.
	10420 Highland Manor Drive, Floor 4
	Tampa, FL 33610-9128
	Attn:	  	Letter of Credit Department
	Fax:	  	(813) 432-5162
	
	Deustche Bank A.G., New York Branch
	60 Wall Street, 24th Floor
	New York, NY 10005
	Attn:	  	Ann Thompson
	Phone:	  	(212) 250-9639
	Fax:	  	(212) 797-0780
	Email:	  	ann.thompson@db.comForm of Indenture between Coca-Cola Enterprises Inc. and Deutsche Bank

 Exhibit 4.1 

 
  

 
 INDENTURE 

between 

COCA-COLA ENTERPRISES INC., 

as Issuer 

and 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 

as Trustee 
  

 
 Dated as of
[                ] 
  

 
 Providing for
the Issuance of Debt Securities in Series 
  
  

 

 COCA-COLA ENTERPRISES INC. 

Reconciliation and tie between Trust Indenture Act 

of 1939 and Indenture, dated as of
[                    ] 
  

			
	 Trust Indenture

Act Section
	  	Indenture Section
		
	 Sec. 310(a)(1)
	  	607
	 (a)(2)
	  	607
	 (b)
	  	608
	 Sec. 312(c)
	  	701
	 Sec. 314(a)
	  	703
	 (a)(4)
	  	1004
	 (c)(1)
	  	102
	 (c)(2)
	  	102
	 (e)
	  	102
	 Sec. 315(b)
	  	601
	 Sec. 316(a)(last sentence)
	  	101 (“Outstanding”)
	 (a)(1)(A)
	  	502, 512
	 (a)(1)(B)
	  	513
	 (b)
	  	508
	 (c)
	  	104(c)
	 Sec. 317(a)(1)
	  	503
	 (a)(2)
	  	504
	 (b)
	  	1003
	 Sec. 318(a)
	  	111

  

	Note:	This reconciliation and tie shall not, for any purpose, be deemed to be a part of the Indenture. 

 

 i 

 TABLE OF CONTENTS 

 

			
	 	  	 Page

		
	 PARTIES
	  	1
	 RECITALS OF THE COMPANY
	  	1
	
	ARTICLE ONE
	
	DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
		
	 SECTION 101. Definitions
	  	1
	 SECTION 102. Compliance Certificates and Opinions
	  	11
	 SECTION 103. Form of Documents Delivered to Trustee
	  	12
	 SECTION 104. Acts of Holders
	  	12
	 SECTION 105. Notices, etc. to Trustee or the Company
	  	14
	 SECTION 106. Notice to Holders; Waiver
	  	14
	 SECTION 107. Effect of Headings and Table of Contents
	  	15
	 SECTION 108. Successors and Assigns
	  	15
	 SECTION 109. Separability Clause
	  	15
	 SECTION 110. Benefits of Indenture
	  	16
	 SECTION 111. Governing Law
	  	16
	 SECTION 112. Legal Holidays
	  	16
	 SECTION 113. No Recourse
	  	16
	 SECTION 114. Incorporation by Reference of Trust Indenture Act
	  	16
	 SECTION 115. Rules of Construction
	  	17
	 SECTION 116. U.S.A. Patriot Act
	  	17
	
	ARTICLE TWO
	
	SECURITY FORMS
		
	 SECTION 201. Forms Generally
	  	17
	 SECTION 202. Form of Trustee’s Certificate of Authentication
	  	18
	 SECTION 203. Securities Issuable in Global Form
	  	18
	
	ARTICLE THREE
	
	THE SECURITIES
		
	 SECTION 301. Amount Unlimited; Issuable in Series
	  	19
	 SECTION 302. Denominations
	  	23
	 SECTION 303. Execution, Authentication, Delivery and Dating
	  	23
	 SECTION 304. Temporary Securities
	  	26

  

 
  

	Note:	This table of contents shall not, for any purpose, be deemed to be a part of the Indenture. 

 

 ii 

			
	 SECTION 305. Registration, Registration of Transfer and Exchange
	  	28
	 SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities
	  	32
	 SECTION 307. Payment of Interest; Interest Rights Preserved; Optional Interest Reset
	  	33
	 SECTION 308. Optional Extension of Maturity
	  	35
	 SECTION 309. Persons Deemed Owners
	  	36
	 SECTION 310. Cancellation
	  	37
	 SECTION 311. Computation of Interest
	  	37
	 SECTION 312. Currency and Manner of Payments in Respect of Securities
	  	37
	 SECTION 313. Appointment and Resignation of Successor Exchange Rate Agent
	  	40
	
	ARTICLE FOUR
	
	SATISFACTION AND DISCHARGE
		
	 SECTION 401. Satisfaction and Discharge of Indenture
	  	41
	 SECTION 402. Application of Trust Money
	  	42
	
	ARTICLE FIVE
	
	REMEDIES
		
	 SECTION 501. Events of Default
	  	43
	 SECTION 502. Acceleration of Maturity; Rescission and Annulment
	  	44
	 SECTION 503. Collection of Indebtedness and Suits for Enforcement by Trustee
	  	45
	 SECTION 504. Trustee May File Proofs of Claim
	  	46
	 SECTION 505. Trustee May Enforce Claims Without Possession of Securities
	  	47
	 SECTION 506. Application of Money Collected
	  	47
	 SECTION 507. Limitation on Suits
	  	47
	 SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest
	  	48
	 SECTION 509. Restoration of Rights and Remedies
	  	48
	 SECTION 510. Rights and Remedies Cumulative
	  	48
	 SECTION 511. Delay or Omission Not Waiver
	  	49
	 SECTION 512. Control by Holders
	  	49
	 SECTION 513. Waiver of Past Defaults
	  	49
	 SECTION 514. Undertaking for Costs
	  	50
	 SECTION 515. Waiver of Stay or Extension Laws
	  	50
	
	ARTICLE SIX
	
	THE TRUSTEE
		
	 SECTION 601. Notice of Defaults
	  	50
	 SECTION 602. Certain Duties, Responsibilities and Rights of Trustee
	  	51
	 SECTION 603. Trustee Not Responsible for Recitals or Issuance of Securities
	  	53
	 SECTION 604. May Hold Securities
	  	53
	 SECTION 605. Money Held in Trust
	  	53
	 SECTION 606. Compensation and Reimbursement
	  	53

  

 iii 

			
	 SECTION 607. Corporate Trustee Required; Eligibility; Conflicting Interests; Disqualification
	  	54
	 SECTION 608. Resignation and Removal; Appointment of Successor
	  	55
	 SECTION 609. Acceptance of Appointment by Successor
	  	56
	 SECTION 610. Merger, Conversion, Consolidation or Succession to Business
	  	57
	 SECTION 611. Appointment of Authenticating Agent
	  	58
	
	ARTICLE SEVEN
	
	HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY
		
	 SECTION 701. Disclosure of Names and Addresses of Holders
	  	59
	 SECTION 702. Reports by Trustee
	  	60
	 SECTION 703. Reports by Company
	  	60
	
	ARTICLE EIGHT
	
	CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE
		
	 SECTION 801. Company May Consolidate, etc., Only on Certain Terms
	  	61
	 SECTION 802. Successor Person Substituted
	  	61
	
	ARTICLE NINE
	
	SUPPLEMENTAL INDENTURES
		
	 SECTION 901. Supplemental Indentures Without Consent of Holders
	  	62
	 SECTION 902. Supplemental Indentures with Consent of Holders
	  	63
	 SECTION 903. Execution of Supplemental Indentures
	  	64
	 SECTION 904. Effect of Supplemental Indentures
	  	64
	 SECTION 905. Conformity with Trust Indenture Act
	  	64
	 SECTION 906. Reference in Securities to Supplemental Indentures
	  	64
	 SECTION 907. Notice of Supplemental Indentures
	  	65
	
	ARTICLE TEN
	
	COVENANTS
		
	 SECTION 1001. Payment of Principal, Premium, if Any, and Interest
	  	65
	 SECTION 1002. Maintenance of Office or Agency
	  	65
	 SECTION 1003. Money for Securities Payments to Be Held in Trust
	  	67
	 SECTION 1004. Statement by Officers as to Default
	  	68
	 SECTION 1005. Existence
	  	68
	 SECTION 1006. Restrictions on Liens
	  	68
	 SECTION 1007. Restrictions on Sale and Leaseback Transactions
	  	70
	 SECTION 1008. Further Instruments and Acts
	  	71
	 SECTION 1009. Calculation of Original Issue Discount
	  	71
	 SECTION 1010. Additional Amounts
	  	71

  

 iv 

			
	 SECTION 1011. Waiver of Certain Covenants
	  	71
	
	ARTICLE ELEVEN
	
	REDEMPTION OF SECURITIES
		
	 SECTION 1101. Applicability of Article
	  	72
	 SECTION 1102. Election to Redeem; Notice to Trustee
	  	72
	 SECTION 1103. Selection by Trustee of Securities to Be Redeemed
	  	72
	 SECTION 1104. Notice of Redemption
	  	73
	 SECTION 1105. Deposit of Redemption Price
	  	74
	 SECTION 1106. Securities Payable on Redemption Date
	  	74
	 SECTION 1107. Securities Redeemed in Part
	  	75
	 SECTION 1108. Optional Redemption Due to Changes in Tax Treatment
	  	75
	
	ARTICLE TWELVE
	
	SINKING FUNDS
		
	 SECTION 1201. Applicability of Article
	  	76
	 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities
	  	76
	 SECTION 1203. Redemption of Securities for Sinking Fund
	  	77
	
	ARTICLE THIRTEEN
	
	REPAYMENT AT OPTION OF HOLDERS
		
	 SECTION 1301. Applicability of Article
	  	78
	 SECTION 1302. Repayment of Securities
	  	78
	 SECTION 1303. Exercise of Option
	  	78
	 SECTION 1304. When Securities Presented for Repayment Become Due and Payable
	  	79
	 SECTION 1305. Securities Repaid in Part
	  	79
	
	ARTICLE FOURTEEN
	
	DEFEASANCE AND COVENANT DEFEASANCE
		
	 SECTION 1401. Company’s Option to Effect Defeasance or Covenant Defeasance
	  	80
	 SECTION 1402. Defeasance and Discharge
	  	80
	 SECTION 1403. Covenant Defeasance
	  	80
	 SECTION 1404. Conditions to Defeasance or Covenant Defeasance
	  	81
	 SECTION 1405. Deposited Money and Government Obligations to Be Held in Trust; Other Miscellaneous Provisions
	  	82
	 SECTION 1406. Reinstatement
	  	83

  

 v 

			
	
	ARTICLE FIFTEEN
	
	MEETINGS OF HOLDERS OF SECURITIES
		
	 SECTION 1501. Purposes for Which Meetings May Be Called
	  	84
	 SECTION 1502. Call, Notice and Place of Meetings
	  	84
	 SECTION 1503. Persons Entitled to Vote at Meetings
	  	84
	 SECTION 1504. Quorum; Action
	  	84
	 SECTION 1505. Determination of Voting Rights; Conduct and Adjournment of Meetings
	  	86
	 SECTION 1506. Counting Votes and Recording Action of Meetings
	  	86
		
	 EXHIBIT A
	  	A-1

  

 vi 

 INDENTURE, dated as of
[                    ], between COCA-COLA ENTERPRISES INC., a Delaware corporation, as Issuer (the “Company”), having its principal office
at 2500 Windy Ridge Parkway, Atlanta, Georgia, USA 30339, and DEUTSCHE BANK TRUST COMPANY AMERICAS, a New York banking corporation, as Trustee (the “Trustee”). 

RECITALS OF THE COMPANY 

WHEREAS, the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance from time to time of
its unsecured senior or subordinated debentures, notes or other evidences of indebtedness (the “Securities”), which may be convertible into or exchangeable for any securities of any person (including the Company), to be issued in one or
more series as in this Indenture provided; and 
 WHEREAS, this Indenture is subject to the provisions of the Trust Indenture
Act of 1939, as amended, that are required to be part of this Indenture, and shall be governed by such provisions; provided that if any provision of this Indenture modifies any TIA (as defined herein) provision that may be so modified, such
TIA provision shall be deemed to apply to this Indenture as so modified; provided further that if any provision of this Indenture excludes any TIA provision that may be so excluded, such TIA provision shall be excluded from this
Indenture; and 
 WHEREAS, all things necessary to make this Indenture a valid agreement of the Company, in accordance with its
terms, have been done. 
 NOW, THEREFORE, THIS INDENTURE WITNESSETH: 

For and in consideration of the premises and the purchase of the Securities by the Holders (as defined herein) thereof, it is mutually
covenanted and agreed, for the equal and proportionate benefit of all Holders of the Securities or of series thereof and any coupons (as defined herein), as follows: 

ARTICLE ONE 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

SECTION 101. Definitions. “Act”, when used with respect to any Holder, has the meaning specified in
Section 104. 
 “Additional Amounts” has the meaning specified in Section 1010. 

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

 1 

 “Attributable Debt” has the meaning specified in Section 1007. 

“Authenticating Agent” means any Person appointed by the Trustee to act on behalf of the Trustee pursuant to Section 611
to authenticate Securities. 
 “Authorized Newspaper” means a newspaper, in the English language or in an official
language of the country of publication, customarily published on each Business Day, whether or not published on Saturdays, Sundays or holidays, and of general circulation in each place in connection with which the term is used or in the financial
community of each such place. Where successive publications are required to be made in Authorized Newspapers, the successive publications may be made in the same or in different newspapers in the same city meeting the foregoing requirements and in
each case on any Business Day. 
 “Bankruptcy Law” means Title 11, U.S. Code or any similar U.S. federal or state law
for the relief of debtors. 
 “Bearer Security” means any Security except a Registered Security. 

“Board of Directors” means (i) with respect to a corporation, the board of directors of the corporation; (ii) with
respect to a partnership, the board of directors of a corporate general partner of the partnership; (iii) with respect to a limited liability company, the managing members thereof; and (iv) with respect to any other Person, the board of
directors or committee of such Person serving a similar function. 
 “Board Resolution” means a copy of a resolution
certified by the Secretary or an Assistant Secretary of the Company as the case may be, to have been duly adopted by the Board of Directors and to be in full force and effect on the date of such certification, and delivered to the Trustee.

 “Business Day” means, when used with respect to any Place of Payment or any other particular location referred to
in this Indenture or in the Securities, unless otherwise specified with respect to any Securities pursuant to Section 301, each Monday, Tuesday, Wednesday, Thursday and Friday which (i) is not a day on which banking institutions in that
Place of Payment or other location are authorized or obligated by law or executive order to close and (ii) if a payment is to be made in (or a rate is to be ascertained for) Euros, is also a day in which TARGET is open for settlement of
payments in Euros. 
 “Clearstream” means Clearstream Banking, société anonyme, or its successor.

 “Code” means the United States Internal Revenue Code of 1986, as amended, and the regulations thereunder.

 “Commission” or “SEC” means the U.S. Securities and Exchange Commission, as from time to time
constituted, created under the Exchange Act, or, if at any time after the execution of this Indenture such Commission is not existing and performing the duties now assigned to it under the Trust Indenture Act, then the body performing such duties at
such time. 
 “Common Depositary” has the meaning specified in Section 304. 

 

 2 

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

“Company Request” or “Company Order” means a written request or order signed in the name of the Company by an Officer
of the Company and delivered to the Trustee. 
 “Consolidated Net Tangible Assets” means the total assets of the
Company and its Restricted Subsidiaries (including, without limitation, any net investment in Subsidiaries that are not Restricted Subsidiaries) after deducting therefrom (a) all current liabilities (excluding any thereof constituting
Indebtedness) and (b) all goodwill, trade names, trademarks, franchises, patents, unamortized debt discount and expense, organization and developmental expenses and other like segregated intangibles, all as computed by the Company and its
Restricted Subsidiaries in accordance with GAAP as of the end of the fiscal year preceding the date of determination; provided, that any items constituting deferred income taxes, deferred investment tax credit or other similar items shall not be
taken into account as a liability or as a deduction from or adjustment to total assets. 
 “Conversion Date” has the
meaning specified in Section 312(d). 
 “Conversion Event” means the cessation of use of a Foreign Currency both
by the government of one or more countries or by any recognized union, association or confederation of governments that issued such Foreign Currency and by a central bank or other public institution of or within the international banking community
for the settlement of transactions in such Foreign Currency. 
 “Corporate Trust Office of the Trustee” means the
principal corporate trust office of the Trustee, at which at any particular time its corporate trust business shall be administered, which office on the date of execution of this Indenture is located at Deutsche Bank Trust Company Americas, 60 Wall
Street, 27th Floor, MS: NYC60-2710, New York, NY 10005, Attention: Trust and Securities Services (in addition, copies of correspondence are to be sent to Deutsche Bank National Trust Company, for Deutsche Bank Trust Company Americas, Trust &
Securities Services, 100 Plaza One, 6th Floor - MS JCY03-0699, Jersey City, NJ 07311-3901, Attention: Corporates Team), except that with respect to presentation of Securities for payment or for registration of transfer or exchange, such term shall
mean the office or agency of the Trustee at which, at any particular time, its corporate agency business shall be conducted. 

“corporation” includes corporations, associations, companies and business or statutory trusts. 

“coupon” means any interest coupon appertaining to a Bearer Security. 

“Currency” means any currency, composite currency or currency unit and Foreign Currency issued by the government of one or more
countries or by any recognized union, confederation or association of such governments. 
 “Default” means any event
that is, or with the passage of time or the giving of notice or both would be, an Event of Default. 
 “Defaulted
Interest” has the meaning specified in Section 307. 
  

 3 

 “Depositary” means, with respect to Registered Securities of any series for which
the Company shall determine that such Registered Securities will be issued in permanent global form, The Depository Trust Company, New York, New York, another clearing agency, or any successor registered as a clearing agency under the Exchange Act,
or other applicable statute or regulations, which in each case, shall be designated by the Company pursuant to Section 301. 

“Dollar” or “$” means a dollar or other equivalent unit in such coin or currency of the United States of America as
at the time shall be legal tender for the payment of public and private debts therein. 
 “Dollar Equivalent of the
Currency Unit” has the meaning specified in Section 312(g). 
 “Dollar Equivalent of the Foreign Currency”
has the meaning specified in Section 312(f). 
 “EDGAR” means the SEC’s Electronic Data Gathering and
Retrieval System. 
 “Election Date” has the meaning specified in Section 312(h). 

“Euroclear” means Euroclear Bank S.A./N.V. as operator of Euroclear System, and any successor thereto. 

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

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder. 
 “Exchange Date” has the meaning specified in Section 304. 

“Exchange Rate Agent” means, with respect to Securities of or within any series, unless otherwise specified with respect to any
Securities pursuant to Section 301, a New York Clearing House bank, designated pursuant to Section 301 or Section 313. 

“Exchange Rate Officer’s Certificate” means a certificate setting forth (i) the applicable Market Exchange Rate and
(ii) the Dollar or Foreign Currency amounts of principal (and premium, if any) and interest, if any (on an aggregate basis and on the basis of a Security having the lowest denomination principal amount determined in accordance with
Section 302 in the relevant Currency), payable with respect to a Security of any series on the basis of such Market Exchange Rate, signed by any Officer of the Company. 

“Extension Notice” has the meaning specified in Section 308. 

“Extension Period” has the meaning specified in Section 308. 

“Federal Bankruptcy Code” means the U.S. Bankruptcy Act of Title 11 of the United States Code, as amended from time to time.

  

 4 

 “Foreign Currency” means any Currency other than Currency of the United States.

 “GAAP” means U.S. generally accepted accounting principles set forth in the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other successor entities as have been sanctioned
and approved by the Securities and Exchange Commission, approved by a significant segment of the accounting profession, that are applicable at the date of any relevant calculation or determination. 

“Government Obligations” means, unless otherwise specified with respect to any series of Securities pursuant to
Section 301, securities which are (i) direct obligations of the government which issued the Currency in which the Securities of a particular series are payable or (ii) obligations of a Person controlled or supervised by and acting as
an agency or instrumentality of the government which issued the Currency in which the Securities of such series are payable, the payment of which is unconditionally guaranteed by such government, which, in either case, are full faith and credit
obligations of such government payable in such Currency and are not callable or redeemable at the option of the issuer thereof and shall also include a depository receipt issued by a bank or trust company as custodian with respect to any such
Government Obligation or a specific payment of interest on or principal of any such Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not
authorized to make any deduction from the amount payable to the holder of such depository receipt from any amount received by the custodian in respect of the Government Obligation or the specific payment of interest on or principal of the Government
Obligation evidenced by such depository receipt. 
 “guarantee” means a guarantee (other than by endorsement of
negotiable instruments for collection in the ordinary course of business), direct or indirect, in any manner (including, without limitation, letters of credit and reimbursement agreements in respect thereof), of all or any part of any Indebtedness
or other obligations. 
 “Holder” means, in the case of a Registered Security, the Person in whose name a Security is
registered in the Security Register and, in the case of a Bearer Security, the bearer thereof and, when used with respect to any coupon, shall mean the bearer thereof. 

“Indebtedness” means any and all obligations of a Person for money borrowed which, in accordance with GAAP, would be reflected
on the balance sheet of such Person as a liability on the date as of which Indebtedness is to be determined. 

“Indenture” means this instrument as originally executed and as it may from time to time be supplemented or amended by one or
more indentures supplemental hereto entered into pursuant to the applicable provisions hereof, and shall include the terms of particular series of Securities established as contemplated by Section 301; provided, however, that, if
at any time more than one Person is acting as Trustee under this instrument, “Indenture” shall mean, with respect to any one or more series of Securities for which such Person is Trustee, this instrument as originally executed or as it may
from time to time be supplemented or amended by one or 
  

 5 

 
more indentures supplemental hereto entered into pursuant to the applicable provisions hereof and shall include the terms of particular series of Securities for which such Person is Trustee
established as contemplated by Section 301, exclusive, however, of any provisions or terms which relate solely to other series of Securities for which such Person is not Trustee, regardless of when such terms or provisions were adopted, and
exclusive of any provisions or terms adopted by means of one or more indentures supplemental hereto executed and delivered after such Person had become such Trustee but to which such Person, as such Trustee, was not a party. 

“Indexed Security” means a Security the terms of which provide that the principal amount thereof payable at the Stated Maturity
may be more or less than the principal amount thereof at original issuance. 
 “interest” means, when used with
respect to an Original Issue Discount Security the rate prescribed in such Original Issue Discount Security. 
 “Interest
Payment Date” means, when used with respect to any Security, the Maturity of an installment of interest on such Security. 

“Lien” or “lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or
encumbrance of any kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other
agreement to sell or give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction. 

“Market Exchange Rate” means, unless otherwise specified with respect to any Securities pursuant to Section 301,
(i) for any conversion involving a currency unit on the one hand and Dollars or any Foreign Currency on the other, the exchange rate between the relevant currency unit and Dollars or such Foreign Currency calculated by the method specified
pursuant to Section 301 for the Securities of the relevant series, (ii) for any conversion of Dollars into any Foreign Currency, the noon (New York City time) buying rate for such Foreign Currency for cable transfers quoted in New York
City as certified for customs purposes by the Federal Reserve Bank of New York and (iii) for any conversion of one Foreign Currency into Dollars or another Foreign Currency, the spot rate at noon local time in the relevant market at which, in
accordance with normal banking procedures, the Dollars or Foreign Currency into which conversion is being made could be purchased with the Foreign Currency from which conversion is being made from major banks located in either New York City, London
or any other principal market for Dollars or such purchased Foreign Currency, in each case determined by the Exchange Rate Agent. Unless otherwise specified with respect to any Securities pursuant to Section 301, in the event of the
unavailability of any of the exchange rates provided for in the foregoing clauses (i), (ii) and (iii), the Exchange Rate Agent shall use, in its sole discretion and without liability on its part, such quotation of the Federal Reserve Bank
of New York as of the most recent available date, or quotations from one or more major banks in New York City, London or another principal market for the Currency in question, or such other quotations as the Exchange Rate Agent shall deem
appropriate. Unless otherwise specified by the Exchange Rate Agent, if there is more than one market for dealing in any Currency by reason of foreign exchange regulations or otherwise, the market to be used in respect of such Currency shall be that
upon which a non-resident issuer of securities designated in such Currency would purchase such Currency in order to make payments in respect of such securities. 
  

 6 

 “Maturity” means, when used with respect to any Security, the date on which the
principal of such Security or any installment of principal becomes due and payable as therein or herein provided, whether at the Stated Maturity or by acceleration, notice of redemption, notice of option to elect repayment, notice of exchange or
conversion, or otherwise. 
 “Mortgage” has the meaning specified in Section 1006. 

“Officer” means the President, any Vice President, the Chief Financial Officer, the Treasurer or the Secretary. 

“Officers’ Certificate” means a certificate signed on behalf of the Company by one Officer of the Company who must be the
President, the Treasurer, or a Vice President of the Company, that meets the requirements of Section 102. 

“Operating Property” means each bottling plant or facility of the Company or a Restricted Subsidiary located within the United
States of America (other than its territories and possessions) or Puerto Rico, except any such bottling plant or facility which the Board of Directors of the Company by resolution reasonably determines not to be of material importance to the total
business conducted by the Company and its Restricted Subsidiaries. 
 “Opinion of Counsel” means a written opinion of
counsel, who may be counsel for the Company, including an employee of the Company, and who shall be acceptable to the Trustee. 

“Original Issue Discount Security” means any Security which provides for an amount less than the principal amount thereof to be
due and payable upon an acceleration of the Maturity thereof pursuant to Section 502. 
 “Outstanding” means,
when used with respect to Securities, as of the date of determination, all Securities theretofore authenticated and delivered under this Indenture, except: 

(i) Securities theretofore cancelled by the Trustee or delivered to the Trustee for cancellation; 

(ii) Securities, or portions thereof, for whose payment or redemption or repayment at the option of the Holder money in
the necessary amount has been theretofore deposited with the Trustee or any Paying Agent (other than the Company) in trust or set aside and segregated in trust by the Company (if the Company shall act as its own Paying Agent) for the Holders of such
Securities and any coupons appertaining thereto; provided that, if such Securities are to be redeemed, notice of such redemption has been duly given pursuant to this Indenture or provision therefor satisfactory to the Trustee has been made;

  

 7 

 (iii) Securities, except to the extent provided in Sections 1402 and
1403, with respect to which the Company has effected defeasance and/or covenant defeasance as provided in Article Fourteen; 

(iv) Securities which have been paid pursuant to Section 306 or in exchange for or in lieu of which other Securities
have been authenticated and delivered pursuant to this Indenture, other than any such Securities in respect of which there shall have been presented to the Trustee proof satisfactory to it that such Securities are held by a bona fide purchaser in
whose hands such Securities are valid obligations of the Company; and 
 (v) Securities that have been converted
or exchanged for other securities pursuant to Section 301; 
 provided, however, that in determining whether the Holders of
the requisite principal amount of the Outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder or are present at a meeting of Holders for quorum purposes, and for the purpose of making the
calculations required by TIA Section 313, (i) the principal amount of an Original Issue Discount Security that may be counted in making such determination or calculation and that shall be deemed to be Outstanding for such purpose shall be
equal to the amount of principal thereof that would be (or shall have been determined to be) due and payable, at the time of such determination, upon an acceleration of the Maturity thereof pursuant to Section 502, (ii) the principal
amount of any Security denominated in a Foreign Currency that may be counted in making such determination or calculation and that shall be deemed Outstanding for such purpose shall be equal to the Dollar equivalent, determined as of the date such
Security is originally issued by the Company as set forth in an Exchange Rate Officer’s Certificate delivered to the Trustee, of the principal amount (or, in the case of an Original Issue Discount Security, the Dollar equivalent as of such date
of original issuance of the amount determined as provided in clause (i) above) of such Security, (iii) the principal amount of any Indexed Security that may be counted in making such determination or calculation and that shall be deemed
Outstanding for such purpose shall be equal to the principal amount of such Indexed Security at original issuance, unless otherwise provided with respect to such Security pursuant to Section 301, and (iv) Securities owned by the Company or
any other obligor upon the Securities or any Affiliate of the Company or such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in making such determination or
calculation or in relying upon any such request, demand, authorization, direction, notice, consent or waiver or upon any such determination as to the presence of a quorum, only Securities which a Responsible Officer of the Trustee actually knows to
be so owned shall be so disregarded. Securities so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the pledgee’s right so to act with respect to such
Securities and that the pledgee is not the Company or any other obligor upon the Securities or any Affiliate of the Company or such other obligor. 

“Paying Agent” means any Person (including the Company acting as Paying Agent) authorized by the Company to pay the principal
of (or premium, if any) or interest, if any, on any Securities on behalf of the Company. 
  

 8 

 “Person” means any individual, corporation, partnership, joint venture, trust,
unincorporated organization or government or any agency or political subdivision thereof. 
 “Place of Payment” means,
when used with respect to the Securities of or within any series, the place or places (which, in the case of Bearer Securities, shall be outside the United States) where the principal of (and premium, if any) and interest, if any, on such Securities
are payable as specified as contemplated by Sections 301 and 1002. 
 “Redemption Date”, when used with respect
to any Security to be redeemed, in whole or in part, means the date fixed for such redemption pursuant to this Indenture. 

“Redemption Price” means, when used with respect to any Security to be redeemed, the price at which it is to be redeemed
pursuant to this Indenture. 
 “Registered Security” means any Security registered in the Security Register.

 “Regular Record Date” for the interest payable on any Interest Payment Date on the Registered Securities of or
within any series means the date specified for that purpose as contemplated by Section 301. 
 “Repayment Date”
means, when used with respect to any Security to be repaid at the option of the Holder, the date fixed for such repayment pursuant to this Indenture. 

“Repayment Price” means, when used with respect to any Security to be repaid at the option of the Holder, the price at which it
is to be repaid pursuant to this Indenture. 
 “Responsible Officer” means, when used with respect to the Trustee, any
officer of the Trustee within the Corporate Trust Office of the Trustee (or any successor group of the Trustee) who has direct responsibility for administration of this Indenture and, for purposes of Section 601 (or
subparagraph (3)(b) of the first paragraph of Section 602 to the extent such expanded definition is used), also includes any other officer to whom such matter is referred because of such officer’s knowledge of and familiarity
with the particular subject. 
 “Restricted Subsidiary” means any Subsidiary: 

(i) substantially all of the property of which is located, or substantially all of the business of which is carried on,
within the fifty states of the United States of America, the District of Columbia, or Puerto Rico, and 
 (ii)
which owns or is the lessee of any Operating Property. 
 “Sale and Leaseback Transaction” has the meaning specified
in Section 1007. 
 “Secured Debt” has the meaning specified in Section 1006. 

“Security” or “Securities” has the meaning stated in the first recital of this Indenture and more particularly means
any Security or Securities authenticated and delivered under this Indenture; provided, however, that if at any time there is more than one Person acting 

 

 9 

 
as Trustee under this Indenture, “Securities” with respect to the Indenture as to which such Person is Trustee shall have the meaning stated in the first recital of this Indenture and
shall more particularly mean Securities authenticated and delivered under this Indenture, exclusive, however, of Securities of any series as to which such Person is not Trustee. 

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

“Special Record Date” for the payment of any Defaulted Interest on the Registered Securities of or within any series means a
date fixed by the Trustee pursuant to Section 307. 
 “Stated Maturity”, when used with respect to any Security
or any installment of principal thereof or interest thereon, means the date specified in such Security or a coupon representing such installment of interest as the fixed date on which the principal of such Security or such installment of principal
or interest is due and payable, as such date may be extended pursuant to the provisions of Section 308. 

“Subsidiary” means (1) any corporation of which at least a majority of the outstanding stock having by the terms thereof
ordinary voting power for the election of directors of such corporation (irrespective of whether or not at the time stock of any other class or classes of such corporation shall have or might have voting power by reason of the happening of any
contingency) is at the time directly or indirectly owned by the Company or one or more other Subsidiaries, or by the Company and one or more other Subsidiaries, and (2) any other Person in which the Company or one or more other Subsidiaries,
directly or indirectly, at the date of determination, (x) own at least a majority of the outstanding ownership interests or (y) have the power to elect or direct the election of, or to appoint or approve the appointment of, at least the
majority of the directors, trustees or managing members of, or other persons holding similar positions with, such Person. 

“TARGET” means the Trans-European Automated Real-Time Gross Settlement Express Transfer System. 

“Trade Payables” means accounts payable or any other Indebtedness or monetary obligations to trade creditors created or assumed
in the ordinary course of business in connection with the obtaining of materials or services. 
 “Trust Indenture Act”
or “TIA” means the U.S. Trust Indenture Act of 1939 as in force at the date as of which this Indenture was executed, except as provided in Section 905. 

“Trustee” means the Person named as the “Trustee” in the first paragraph of this Indenture until a successor Trustee
shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each Person who is then a Trustee hereunder; provided, however, that if at any time there is more
than one such Person, “Trustee” as used with respect to the Securities of any series shall mean only the Trustee with respect to Securities of that series. 

 

 10 

 “United States” means, unless otherwise specified with respect to any Securities
pursuant to Section 301, the United States of America (including the states and the District of Columbia), its territories, its possessions and other areas subject to its jurisdiction. 

“United States person” means, unless otherwise specified with respect to any Securities pursuant to Section 301, an
individual who is a citizen or resident of the United States, a corporation, partnership or other entity created or organized in or under the laws of the United States, an estate the income of which is subject to United States federal income
taxation regardless of its source or any trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States persons have the authority to control all substantial
decisions of the trust. 
 “Valuation Date” has the meaning specified in Section 312(c). 

“Vice President”, when used with respect to the Company or the Trustee, means any vice president, whether or not designated by
a number or a word or words added before or after the title “vice president”. 
 “Yield to Maturity” means
the yield to maturity, computed at the time of issuance of a Security (or, if applicable, at the most recent redetermination of interest on such Security) and as set forth in such Security in accordance with generally accepted United States bond
yield computation principles. 
 SECTION 102. Compliance Certificates and Opinions.. Upon any application or request
by the Company to the Trustee to take any action under any provision of this Indenture, the Company shall furnish to the Trustee an Officers’ Certificate stating that all conditions precedent, if any, provided for in this Indenture (including
any covenant or condition compliance with which constitutes a condition precedent) relating to the proposed action have been complied with and an Opinion of Counsel stating that in the opinion of such counsel all such conditions precedent, if any,
have been complied with, except that in the case of any such application or request as to which the furnishing of such documents is specifically required by any provision of this Indenture relating to such particular application or request, no
additional certificate or opinion need be furnished. 
 Every certificate or opinion with respect to compliance with a covenant
or condition provided for in this Indenture (other than pursuant to Section 1004) shall include: 
 (1) a
statement that each individual signing such certificate or opinion has read such covenant or condition and the definitions herein relating thereto; 

(2) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions
contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion of each such
individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

 

 11 

 (4) a statement as to whether, in the opinion of each such individual, such
covenant or condition has been complied with. 
 SECTION 103. Form of Documents Delivered to Trustee. In any case
where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or
covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or
several documents. 
 Any certificate or opinion of an officer of the Company may be based, insofar as it relates to legal
matters, upon a certificate or opinion of, or representations by, counsel, unless such officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon which his
certificate or opinion is based are erroneous. Any Officers’ Certificate or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or representations by, an officer or officers of the
Company stating that the information with respect to such factual matters is in the possession of the Company unless such officer or counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations
with respect to such matters are erroneous. 
 Where any Person is required to make, give or execute two or more applications,
requests, consents, certificates, statements, opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 

SECTION 104. Acts of Holders. Any request, demand, authorization, direction, notice, consent, waiver or other action provided
by this Indenture to be given or taken by Holders of the Outstanding Securities of all series or one or more series, as the case may be, may be embodied in and evidenced by one or more instruments of substantially similar tenor signed by such
Holders in person or by agents duly appointed in writing. Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Holders of Securities of such series may,
alternatively, be embodied in and evidenced by the record of Holders of Securities of such series voting in favor thereof, either in person or by proxies duly appointed in writing, at any meeting of Holders of Securities of such series duly called
and held in accordance with the provisions of Article Fifteen, or a combination of such instruments and any such record. Except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments or
record or both are delivered to the Trustee and, where it is hereby expressly required, to the Company or to all of them. Such instrument or instruments and any such record (and the action embodied therein and evidenced thereby) are herein sometimes
referred to as the “Act” of the Holders signing such instrument or instruments or so voting at any such meeting. Proof of execution of any such instrument or of a writing appointing any such agent, or of the holding by any Person of a
Security, shall be sufficient for any purpose of this Indenture (subject to section 315 of the TIA) and conclusive in favor of the Trustee, the Company and any agent of the Trustee or the Company, if made in the manner provided in this Section. The
record of any meeting of Holders of Securities shall be proved in the manner provided in Section 1506. 
  

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 Without limiting the generality of this Section 104, unless otherwise provided in or
pursuant to this Indenture, a Holder, including a Depositary that is a Holder of a global Security (including through its nominee), may make, give or take, by a proxy or proxies, duly appointed in writing, any request, demand, authorization,
direction, notice, consent, waiver or other Act provided in or pursuant to this Indenture or Securities to be made, given or taken by the Holders, and a Depositary that is a Holder of a global Security may provide its proxy or proxies to the
beneficial owners of interests in such global Security through such Depositary’s standing instructions and customary practices. 

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

(b) The principal amount and serial numbers of Registered Securities held by any Person, and the date of holding the same, shall be
proved by the Security Register. 
 (c) The principal amount and serial numbers of Bearer Securities held by any Person, and the
date of holding the same, may be proved by the production of such Bearer Securities or by a certificate executed, as depositary, by any trust company, bank, banker or other depositary reasonably acceptable to the Company, wherever situated, if such
certificate shall be deemed by the Trustee to be satisfactory, showing that at the date therein mentioned such Person had on deposit with such depositary, or exhibited to it, the Bearer Securities therein described; or such facts may be proved by
the certificate or affidavit of the Person holding such Bearer Securities, if such certificate or affidavit is deemed by the Trustee to be satisfactory. The Trustee and the Company may assume that such ownership of any Bearer Security continues
until (1) another certificate or affidavit bearing a later date issued in respect of the same Bearer Security is produced, or (2) such Bearer Security is produced to the Trustee by some other Person, or (3) such Bearer Security is
surrendered in exchange for a Registered Security, or (4) such Bearer Security is no longer Outstanding. The principal amount and serial numbers of Bearer Securities held by any Person, and the date of holding the same, may also be proved in
any other reasonable manner that the Trustee deems sufficient. 
 (d) If the Company shall solicit from the Holders of
Registered Securities any request, demand, authorization, direction, notice, consent, waiver or other Act, the Company may, at its option, in or pursuant to a Board Resolution, fix in advance a record date for the determination of Holders entitled
to give such request, demand, authorization, direction, notice, consent, waiver or other Act, but the Company shall have no obligation to do so. Notwithstanding TIA Section 316(c), such record date shall be the record date specified in or
pursuant to such Board Resolution, which shall be a date not earlier than the date 30 days prior to the first solicitation of Holders generally in connection therewith and not later than the date such solicitation is completed. If such a record date
is fixed, such request, demand, 
  

 13 

 
authorization, direction, notice, consent, waiver or other Act may be given before or after such record date, but only the Holders of record at the close of business on such record date shall be
deemed to be Holders for the purposes of determining whether Holders of the requisite proportion of Outstanding Securities have authorized or agreed or consented to such request, demand, authorization, direction, notice, consent, waiver or other
Act, and for that purpose the Outstanding Securities shall be computed as of such record date; provided that no such authorization, agreement or consent by the Holders on such record date shall be deemed effective unless it shall become effective
pursuant to the provisions of this Indenture not later than eleven months after the record date. 
 (e) Any request, demand,
authorization, direction, notice, consent, waiver or other Act of the Holder of any Security shall bind every future Holder of the same Security and the Holder of every Security issued upon the registration of transfer thereof or in exchange
therefor or in lieu thereof in respect of anything done, omitted or suffered to be done by the Trustee, any Security Registrar, any Paying Agent, any Authenticating Agent, the Company in reliance thereon, whether or not notation of such Act is made
upon such Security. 
 SECTION 105. Notices, etc. to Trustee or the Company. Any request, demand, authorization,
direction, notice, consent, waiver or Act of Holders or other documents provided or permitted by this Indenture to be made upon, given or furnished to, or filed with, 

(1) the Trustee by any Holder or by the Company shall be sufficient for every purpose hereunder if made, given, furnished
or filed in writing (including telecopy to 732-578-4635) to or with the Trustee at its Corporate Trust Office, Attention: Trust and Securities Services, or 

(2) the Company by the Trustee or by any Holder shall be sufficient for every purpose hereunder (unless otherwise herein
expressly provided) if in writing and mailed, first-class postage prepaid or by overnight delivery service, to the Company addressed to it at the address of the Company’s principal office specified in the first paragraph of this Indenture, to
the attention of its General Counsel, or at any other address previously furnished in writing to the Trustee by the Company. 

SECTION 106. Notice to Holders; Waiver. Except as otherwise expressly provided herein or otherwise specified with respect to
any series of Securities pursuant to Section 301, where this Indenture provides for notice of any event to Holders of Registered Securities by the Company or the Trustee, such notice shall be sufficiently given if in writing and mailed,
first-class postage prepaid, to each such Holder affected by such event, at his address as it appears in the Security Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any
case where notice to Holders of Registered Securities is given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Holder shall affect the sufficiency of such notice with respect to other
Holders of Registered Securities or the sufficiency of any notice to Holders of Bearer Securities given as provided. Any notice mailed to a Holder in the manner herein prescribed shall be conclusively deemed to have been received by such Holder,
whether or not such Holder actually receives such notice. 
  

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 In case, by reason of the suspension of or irregularities in regular mail service or by
reason of any other cause, it shall be impractical to mail notice of any event to Holders of Registered Securities when such notice is required to be given pursuant to any provision of this Indenture, then any manner of giving written notice as
shall be satisfactory to the Trustee shall be deemed to be sufficient giving of such notice for every purpose hereunder. 

Except as otherwise expressly provided herein or otherwise specified with respect to any series of Securities pursuant to
Section 301, where this Indenture provides for notice to Holders of Bearer Securities of any event, such notice shall be sufficiently given to Holders of Bearer Securities if published in an Authorized Newspaper in The City of New York and in
such other city or cities as may be specified in respect of such Securities on a Business Day at least twice, the first such publication to be not earlier than the earliest date, and not later than the latest date, prescribed for the giving of such
notice. Any such notice shall be deemed to have been given on the date of such publication or, if published more than once, on the date of the first such publication. 

If by reason of the suspension of publication of any Authorized Newspaper or Authorized Newspapers or by reason of any other cause, it
shall be impracticable to publish any notice to Holders of Bearer Securities as provided above, then such notification to Holders of Bearer Securities as shall be given with the approval of the Trustee shall constitute sufficient written notice to
such Holders for every purpose hereunder. Neither the failure to give notice by publication to Holders of Bearer Securities as provided above, nor any defect in any notice so published, shall affect the sufficiency of such notice with respect to
other Holders of Bearer Securities or the sufficiency of any notice to Holders of Registered Securities given as provided herein. 

Any request, demand, authorization, direction, notice, consent or waiver required or permitted under this Indenture shall be in the
English language, except that any published notice may be in an official language of the country of publication. 
 Where this
Indenture provides for notice in any manner, such notice may be waived in writing by the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders
shall be filed with the Trustee, but such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

SECTION 107. Effect of Headings and Table of Contents. The Article and Section headings herein and the Table of
Contents are for convenience only and shall not affect the construction hereof. 
 SECTION 108. Successors and
Assigns. All covenants and agreements in this Indenture by the Company shall bind its successors and assigns, whether so expressed or not. 

SECTION 109. Separability Clause. In case any provision in this Indenture or in any Security or any coupon shall be invalid,
illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 
  

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 SECTION 110. Benefits of Indenture. Nothing in this Indenture or in the
Securities or coupons, express or implied, shall give to any Person, other than the parties hereto, any Authenticating Agent, any Paying Agent, any Securities Registrar and their successors hereunder and the Holders of Securities or coupons, any
benefit or any legal or equitable right, remedy or claim under this Indenture. 
 SECTION 111. Governing Law. THIS
INDENTURE AND THE SECURITIES AND COUPONS SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAW PRINCIPLES OF SUCH STATE OTHER THAN NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1401.
THIS INDENTURE IS SUBJECT TO THE PROVISIONS OF THE TRUST INDENTURE ACT THAT ARE REQUIRED TO BE PART OF THIS INDENTURE AND SHALL, TO THE EXTENT APPLICABLE, BE GOVERNED BY SUCH PROVISIONS. 

SECTION 112. Legal Holidays. Unless otherwise specified in or pursuant to this Indenture or any Securities, in any case where
any Interest Payment Date, Redemption Date, Repayment Date, sinking fund payment date or Stated Maturity or Maturity of any Security shall not be a Business Day at any Place of Payment, then payment of principal (or premium, if any) or interest, if
any, need not be made at such Place of Payment on such date, but may be made on the next succeeding Business Day at such Place of Payment with the same force and effect as if made on such Interest Payment Date, Redemption Date, Repayment Date,
sinking fund payment date, Stated Maturity or Maturity, as the case may be, provided that no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date, Redemption Date, Repayment Date, sinking fund
payment date, Stated Maturity or Maturity, as the case may be, to such next succeeding Business Day. 
 SECTION 113. No
Recourse. No recourse for the payment of the principal of or premium, if any, or interest on any Security or any coupons appertaining thereto, or for any claim based thereon or otherwise in respect thereof, and no recourse under or upon any
obligation, covenant or agreement of the Company in this Indenture or in any supplemental indenture, or in any Security or any coupons appertaining thereto, or because of the creation of any indebtedness represented thereby, shall be had against any
director, officer, employee, or stockholder as such, past, present or future, of the Company or any of its Affiliates or any successor Person of the Company, either directly or through the Company or any of its Affiliates or any successor Person of
the Company, whether by virtue of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly understood that all such liability is hereby expressly waived and released as a condition
of, and as a consideration for, the execution of this Indenture and the issue of the Securities. 
 SECTION 114.
Incorporation by Reference of Trust Indenture Act. Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. 

The following TIA terms used in this Indenture have the following meanings: 

 

	 	(i)	“indenture securities” means the Securities; 

  

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	 	(ii)	“indenture security Holder” means a Holder of a Security; 

  

	 	(iii)	“indenture to be qualified” means this Indenture; 

  

	 	(iv)	“indenture trustee” or “institutional trustee” means the Trustee; and 

 

	 	(v)	“obligor” on the Securities means the Company and any successor obligor upon the Securities. 

All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule
under the TIA have the meanings so assigned to them. 
 SECTION 115. Rules of Construction. Unless the context
otherwise requires: 
  

	 	(i)	a term has the meaning assigned to it; 

  

	 	(ii)	an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

 

	 	(iii)	“or” is not exclusive; 

  

	 	(iv)	words in the singular include the plural, and in the plural include the singular; and 

 

	 	(v)	provisions apply to successive events and transactions. 

SECTION 116. U.S.A. Patriot Act. The parties hereto acknowledge that in accordance with Section 32 of the U.S.A. Patriot
Act Deutsche Bank Trust Company Americas, like all financial institutions and in order to help fight the funding of terrorism and money laundering, is required to obtain, verify, and record information that identifies each person or legal entity
that establishes a relationship or opens an account. The parties to this Indenture agree that they will provide Deutsche Bank Trust Company Americas with such information as it may request in order for Deutsche Bank Trust Company Americas to satisfy
the requirements of the U.S.A. Patriot Act. 
 ARTICLE TWO 

SECURITY FORMS 

SECTION 201. Forms Generally. The Registered Securities, if any, of each series, the Bearer Securities, if any, of each
series and related coupons, the temporary global Securities of each series, if any, and the permanent global Securities of each series, if any, shall be in substantially the forms as shall be established by, or pursuant to a Board Resolution or,
subject to Section 303, set forth in, or determined in the manner provided in, an Officers’ Certificate pursuant to a Board Resolution of the Company, or in one or more indentures 

 

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supplemental hereto, in each case with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Indenture, and may have such letters,
numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may, consistently herewith, be determined by the officers of the Company executing
such Securities or coupons as evidenced by their execution of such Securities or coupons. If the forms of Securities or coupons of any series are established by action taken pursuant to a Board Resolution, a copy of an appropriate record of such
action shall be certified by the Secretary or Assistant Secretary of the Company, and delivered to the Trustee at or prior to the delivery of the Company Order contemplated by Section 303 for the authentication and delivery of such Securities
or coupons. Any portion of the text of any Security may be set forth on the reverse thereof, with an appropriate reference thereto on the face of the Security. 

Unless otherwise specified as contemplated by Section 301, Bearer Securities shall have interest coupons attached. 

The Trustee’s certificate of authentication on all Securities shall be in substantially the form set forth in this Article.

 The definitive Securities and coupons, if any, shall be printed, lithographed or engraved on steel-engraved borders or may be
produced in any other manner, all as determined by the officers of the Company executing such Securities or coupons, as evidenced by their execution of such Securities or coupons. 

SECTION 202. Form of Trustee’s Certificate of Authentication. Subject to Section 611, the Trustee’s
certificate of authentication shall be in substantially the following form: 
 TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 Dated:
                                 

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

 

			
	 Deutsche Bank Trust Company Americas,
as Trustee

		
	By:	 	  

		 	Authorized Signatory

SECTION 203. Securities Issuable in Global Form. If Securities of or within a series are issuable in global form, as
specified as contemplated by Section 301, then, notwithstanding clause (8) of Section 301, any such Security shall represent such of the Outstanding Securities of such series as shall be specified therein and may provide that it
shall represent the aggregate amount of Outstanding Securities of such series from time to time endorsed thereon and that the aggregate amount of Outstanding Securities of such series represented thereby may from time to time be increased or
decreased to reflect exchanges. Any 
  

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endorsement of a Security in global form to reflect the amount, or any increase or decrease in the amount, of Outstanding Securities represented thereby shall be made by the Trustee in such
manner and upon instructions given by such Person or Persons as shall be specified therein or in the Company Order to be delivered to the Trustee pursuant to Section 303 or Section 304. Subject to the provisions of Section 303 and, if
applicable, Section 304, the Trustee shall deliver and redeliver any Security in permanent global form in the manner and upon instructions given by the Person or Persons specified therein or in the applicable Company Order. If a Company Order
pursuant to Section 303 or Section 304 has been, or simultaneously is, delivered, any instructions by the Company with respect to endorsement or delivery or redelivery of a Security in global form shall be in writing but need not comply
with Section 102 and need not be accompanied by an Opinion of Counsel. 
 The provisions of the last sentence of
Section 303 shall apply to any Security represented by a Security in global form if such Security was never issued and sold by the Company and the Company delivers to the Trustee the Security in global form together with written instructions
(which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel) with regard to the reduction in the principal amount of Securities represented thereby, together with the written statement contemplated by the last
sentence of Section 303. 
 Notwithstanding any provisions of Section 307 to the contrary, unless otherwise specified
as contemplated by Section 301, payment of principal of (and premium, if any) and interest, if any, on any Security in global form shall be made to the Person or Persons specified therein. 

Notwithstanding the provisions of Section 309 and except as provided in the preceding paragraph, the Company, the Trustee and any
agent of the Company or the Trustee shall treat as the Holder of such principal amount of Outstanding Securities represented by a permanent global Security (i), in the case of a global Registered Security, the Holder thereof, or (ii) in the
case of a global Bearer Security, Euroclear or Clearstream. 
 ARTICLE THREE 

THE SECURITIES 

SECTION 301. Amount Unlimited; Issuable in Series. The aggregate principal amount of Securities which may be authenticated
and delivered under this Indenture is unlimited. 
 The Securities may be issued in one or more series. There shall be
established in one or more Board Resolutions of the Company or pursuant to authority granted by one or more Board Resolutions of the Company and, subject to Section 303, set forth in, or determined in the manner provided in, an Officers’
Certificate, or established in one or more indentures supplemental hereto, prior to the issuance of Securities of any series, any or all of the following, as applicable (each of which (except for the matters set forth in clauses (1),
(2) and (17) below), if so provided, may be determined from time to time by the Company with respect to unissued Securities of the series and set forth in such Securities of the series when issued from time to time): 

(1) title of the Securities of the series (which shall distinguish the Securities of the series from all other series
of Securities) and whether such Securities are senior or subordinated; 
  

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 (2) any limit upon the aggregate principal amount of the Securities of the
series that may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the series pursuant to Section 304,
305, 306, 906, 1107 or 1305); 
 (3) the date or dates, or the method by which such date or dates will be
determined or extended, on which the principal of the Securities of the series is payable; 
 (4) the rate or
rates at which the Securities of the series shall bear interest, if any, or the method by which such rate or rates shall be determined, the date or dates from which any such interest shall accrue, or the method by which such date or dates shall be
determined, the Interest Payment Dates on which such interest shall be payable, the right, if any, of the Company to defer or extend an Interest Payment Date, and the Regular Record Date, if any, for the interest payable on any Registered Security
on any Interest Payment Date, or the method by which such date or dates shall be determined, and the basis upon which interest shall be calculated if other than on the basis of a 360-day year of twelve 30-day months; 

(5) the place or places, if any, other than or in addition to the Borough of Manhattan, The City of New York, where the
principal of (and premium, if any) and interest, if any, on Securities of the series shall be payable (which in the case of Bearer Securities shall be outside the United States), where any Registered Securities of the series may be surrendered for
registration of transfer, where Securities of the series may be surrendered for exchange, where Securities of the series that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable, and, if different than the
location specified in Section 105, the place or places where notices or demands to or upon the Company in respect of the Securities of the series and this Indenture may be served; 

(6) the period or periods within which, the price or prices at which, the Currency in which, and other terms and
conditions upon which, Securities of the series may be redeemed, in whole or in part, at the option of the Company, if the Company is to have that option; 

(7) the obligation, if any, of the Company to redeem, repay or purchase Securities of the series pursuant to any sinking
fund or analogous provision or at the option of a Holder thereof, and the period or periods within which or the date or dates on which, the price or prices at which, the Currency in which, and other terms and conditions upon which, Securities of the
series shall be redeemed, repaid or purchased, in whole or in part, pursuant to such obligation; 
  

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 (8) if other than minimum denominations of $2,000 and integral multiples of
$1,000 above such minimum denomination, the denomination or denominations in which any Registered Securities of the series shall be issuable and, if other than denominations of $5,000, the denomination or denominations in which any Bearer Securities
of the series shall be issuable; 
 (9) if other than the Trustee, the identity of each Security Registrar and/or
Paying Agent; 
 (10) if other than the principal amount thereof, the portion of the principal amount of
Securities of the series that shall be payable upon an acceleration of the Maturity thereof pursuant to Section 502, upon redemption of the Securities of the series which are redeemable before their Stated Maturity, upon surrender for repayment
at the option of the Holder, or which the Trustee shall be entitled to claim pursuant to Section 504 or the method by which such portion shall be determined; 

(11) if other than Dollar, the Currency or Currencies in which payment of the principal of (or premium, if any) or
interest, if any, on the Securities of the series shall be made or in which the Securities of the series shall be denominated and the particular provisions applicable thereto in accordance with, in addition to or in lieu of any of the provisions of
Section 312; 
 (12) whether the amount of payments of principal of (or premium, if any) or interest, if
any, on the Securities of the series may be determined with reference to an index, formula or other method (which index, formula or method may be based, without limitation, on one or more Currencies, commodities, equity indices or other indices),
and the manner in which such amounts shall be determined; 
 (13) whether the principal of (or premium, if any)
or interest, if any, on the Securities of the series are to be payable, at the election of the Company or a Holder thereof, in a Currency other than that in which such Securities are denominated or stated to be payable, the period or periods within
which (including the Election Date), and the terms and conditions upon which, such election may be made, and the time and manner of determining the exchange rate between the Currency in which such Securities are denominated or stated to be payable
and the Currency in which such Securities are to be so paid, in each case in accordance with, in addition to or in lieu of any of the provisions of Section 312; 

(14) the designation of the initial Exchange Rate Agent, if any, or any depositaries; 

(15) if Sections 1402 and/or 1403 are not applicable to the Securities of the series and any provisions in
modification of, in addition to or in lieu of any of the provisions of Article Fourteen that shall be applicable to the Securities of the series; 

(16) provisions, if any, granting special rights to the Holders of Securities of the series upon the occurrence of such
events as may be specified; 
  

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 (17) any deletions from, modifications of or additions to the Events of
Default or covenants of the Company or with respect to Securities of the series, whether or not such Events of Default or covenants are consistent with the Events of Default or covenants set forth herein; 

(18) whether Securities of the series are to be issuable as Registered Securities, Bearer Securities (with or without
coupons) or both, any restrictions applicable to the offer, sale or delivery of Bearer Securities, whether such Securities are to be issuable initially in temporary global form, whether such Securities are to be issuable in permanent global form
with or without coupons and, if so, whether beneficial owners of interests in any such permanent global Security may exchange such interests for definitive Securities of the series and of like tenor of any authorized form and denomination and the
circumstances under which any such exchanges may occur, if other than in the manner provided in Section 305, whether Registered Securities of the series may be exchanged for Bearer Securities of the series (if permitted by applicable laws
and regulations), and the circumstances under which and the place or places where any such exchanges may be made and if Securities of the series are to be issuable in global form, the identity of any Depositary therefor; 

(19) the date as of which any Bearer Securities of the series and any temporary global Security representing Outstanding
Bearer Securities of the series shall be dated if other than the date of original issuance of the first Security of the series to be issued; 

(20) the Person to whom any interest on any Registered Security of the series shall be payable, if other than the Person
in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, the manner in which, or the Person to whom, any interest on any Bearer Security of the series
shall be payable, if otherwise than upon presentation and surrender of the coupons appertaining thereto as they severally mature, and the extent to which, or the manner in which, any interest payable on a temporary global Security on an Interest
Payment Date will be paid if other than in the manner provided in Section 304; and the extent to which, or the manner in which, any interest payable on a permanent global Security on an Interest Payment Date will be paid if other than in the
manner provided in Section 307; 
 (21) if Securities of the series are to be issuable in definitive
form (whether upon original issue or upon exchange of a temporary Security of such series) only upon receipt of certain certificates or other documents or satisfaction of other conditions, then the form and/or terms of such certificates,
documents or conditions; 
 (22) if the Securities of the series are to be issued upon the exercise of warrants,
the time, manner and place for such Securities to be authenticated and delivered; 
 (23) whether, under what
circumstances and the Currency in which the Company will pay Additional Amounts as contemplated by Section 1010 on the Securities of the series to any Holder (including any modification to the definition of

  

 22 

 
such term) in respect of any tax, assessment or governmental charge and, if so, whether the Company will have the option to redeem such Securities rather than pay such Additional Amounts (and the
terms of any such option); 
 (24) if the Securities of the series are to be convertible into or exchangeable for
any securities of any Person (including the Company), the terms and conditions upon which such Securities will be so convertible or exchangeable; 

(25) whether the Securities of the series are subject to subordination and, if so, the terms of such subordination; and

 (26) any other terms, conditions, rights and preferences (or limitations on such rights and preferences)
relating to the series (which terms shall not be inconsistent with the requirements of the Trust Indenture Act or the provisions of this Indenture). 

All Securities of any one series and the coupons appertaining to any Bearer Securities of such series shall be substantially identical
except, in the case of Registered Securities, as to denomination and except as may otherwise be provided in or pursuant to such Board Resolution or pursuant to authority granted by one or more Board Resolutions (subject to Section 303) and set
forth in such Officers’ Certificate or in any such indenture supplemental hereto. Not all Securities of any one series need be issued at the same time, and, unless otherwise provided, a series may be reopened, without the consent of the
Holders, for issuances of additional Securities of such series. 
 If any of the terms of the Securities of any series are
established by action taken pursuant to one or more Board Resolutions or pursuant to authority granted by one or more Board Resolutions, such Board Resolutions shall be delivered to the Trustee at or prior to the issuance of the first Security of
such series. 
 SECTION 302. Denominations. The Securities of each series shall be issuable in such denominations as
shall be specified as contemplated by Section 301. With respect to Securities of any series denominated in Dollars, in the absence of any such provisions with respect to the Securities of such series, the Registered Securities of such series,
other than Registered Securities issued in global form (which may be of any denomination), shall be issuable in a minimum denomination of $2,000 and integral multiples of $1,000 above such minimum denomination and the Bearer Securities of such
series, other than the Bearer Securities issued in global form (which may be of any denomination), shall be issuable in the denomination of $5,000. 

SECTION 303. Execution, Authentication, Delivery and Dating. The Securities and any coupons appertaining thereto shall be
executed on behalf of the Company by an individual or individuals duly authorized by the Board of Directors of the Company to execute the Securities and the coupons. The signature of any of these authorized persons on the Securities or coupons may
be the manual or facsimile signatures of the present or any future such authorized person and may be imprinted or otherwise reproduced on the Securities. 

Securities or coupons bearing the manual or facsimile signatures of individuals who were at the time of such execution of the Securities
or coupons the proper officers of the 
  

 23 

 
Company shall bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication and delivery of such Securities or did not hold
such offices at the date of such Securities. 
 At any time and from time to time after the execution and delivery of this
Indenture, the Company may deliver Securities of any series, together with any coupons appertaining thereto, duly executed by the Company, to the Trustee for authentication, together with a Company Order for the authentication and delivery of such
Securities, and the Trustee in accordance with such Company Order shall authenticate and deliver such Securities; provided, however, that, in connection with its original issuance, no Bearer Security shall be mailed or otherwise
delivered to any location in the United States; and provided further that, unless otherwise specified with respect to any series of Securities pursuant to Section 301, a Bearer Security may be delivered in connection with its
original issuance only if the Person entitled to receive such Bearer Security shall have furnished a certificate in the form set forth in Exhibit A-1 to this Indenture (or such other certificate as may be specified with respect to any series of
Security pursuant to Section 301), dated no earlier than 15 days prior to the earlier of the date on which such Bearer Security is delivered and the date on which any temporary Security first becomes exchangeable for such Bearer Security in
accordance with the terms of such temporary Security and this Indenture. If any Security shall be represented by a permanent global Bearer Security, then, for purposes of this Section and Section 304, the notation of a beneficial
owner’s interest therein upon original issuance of such Security or upon exchange of a portion of a temporary global Security shall be deemed to be delivery in connection with its original issuance of such beneficial owner’s interest in
such permanent global Security. Except as permitted by Section 306, the Trustee shall not authenticate and deliver any Bearer Security unless all appurtenant coupons for interest then matured have been detached and cancelled. If not all the
Securities of any series are to be issued at one time and if the Board Resolution, Officers’ Certificate pursuant to a Board Resolution, or supplemental indenture establishing such series shall so permit, such Company Order may set forth
procedures acceptable to the Trustee for the issuance of such Securities and determining terms of particular Securities of such series such as interest rate or formula, maturity, any redemption or repayment provisions, date of issuance and date from
which interest shall accrue. 
 In authenticating such Securities, and accepting the additional responsibilities under this
Indenture in relation to such Securities, the Trustee shall receive, and shall be fully protected in relying upon, an Opinion of Counsel stating in effect (subject to customary exceptions): 

(i) that the form or forms of such Securities and any coupons have been established in conformity with the provisions of
this Indenture; 
 (ii) that the terms of such Securities and any coupons have been established in conformity
with the provisions of this Indenture; 
 (iii) that such Securities and coupons, when completed by appropriate
insertions and executed and delivered by the Company to the Trustee for authentication in accordance with this Indenture, authenticated and delivered by the Trustee in accordance with this Indenture and issued in the manner and subject to any
conditions 
  

 24 

 
specified in such Opinion of Counsel, will be the legal, valid and binding obligations of the Company enforceable in accordance with their terms, subject to the effect of any applicable
bankruptcy, insolvency, reorganization, moratorium and other similar laws affecting creditors’ rights generally (including without limitation on all laws relating to fraudulent transfers) and to general principles of equity; 

(iv) that all laws and requirements in respect of the execution and delivery by the Company of such Securities, coupons,
if any, and of the supplemental indentures, if any, have been complied with and that authentication and delivery of such Securities and coupons, if any, and the execution and delivery of the supplemental indenture, if any, by the Trustee will not
violate the terms of the Indenture; 
 (v) that the Company has the corporate power to issue such Securities and
any coupons and has duly taken all necessary corporate action with respect to such issuance; and 
 (vi) that the
issuance of such Securities and coupons, if any, will not contravene the articles of incorporation or by-laws of the Company or result in any violation of any of the terms or provisions of any law or regulation or of any indenture, mortgage or other
agreement known to such Counsel by which the Company is bound. 
 Notwithstanding the provisions of Section 301 and of the
preceding two paragraphs, if not all the Securities of any series are to be issued at one time, it shall not be necessary to deliver the Officers’ Certificate otherwise required pursuant to Section 301 or the Company Order and Opinion of
Counsel otherwise required pursuant to the preceding two paragraphs prior to or at the time of issuance of each Security, but such documents shall be delivered prior to or at the time of issuance of the first Security of such series. 

The Trustee shall not be required to authenticate and deliver any such Securities if the issue of such Securities pursuant to this
Indenture will affect the Trustee’s own rights, duties or immunities under the Securities and this Indenture or otherwise in a manner which is not reasonably acceptable to the Trustee. 

Each Registered Security shall be dated the date of its authentication and each Bearer Security shall be dated as of the date specified
as contemplated by Section 301. 
 No Security or coupon shall be entitled to any benefit under this Indenture or be valid
or obligatory for any purpose unless there appears on such Security a certificate of authentication substantially in the form provided for herein duly executed by the Trustee by manual signature of an authorized signatory, and such certificate upon
any Security shall be conclusive evidence, and the only evidence, that such Security has been duly authenticated and delivered hereunder and is entitled to the benefits of this Indenture. 

Notwithstanding the foregoing, if any Security shall have been authenticated and delivered hereunder but never issued and sold by the
Company, and the Company shall deliver such Security to the Trustee for cancellation as provided in Section 310 together with a written statement (which need not comply with Section 102 and need not be accompanied by an Opinion of Counsel)
stating that such Security has never been issued and sold by the Company, for all purposes of this Indenture such Security shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this
Indenture. 
  

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 SECTION 304. Temporary Securities. Pending the preparation of definitive
Securities of any series, the Company may execute, and upon Company Order the Trustee shall authenticate and deliver, temporary Securities which are printed, lithographed, typewritten, mimeographed or otherwise produced, in any authorized
denomination, substantially of the tenor of the definitive Securities in lieu of which they are issued, in registered form or, if authorized, in bearer form with one or more coupons or without coupons, and with such appropriate insertions,
omissions, substitutions and other variations as the officers executing such Securities or coupons may determine, as conclusively evidenced by their execution of such Securities or coupons, as the case may be. Such temporary Securities may be in
global form. 
 Except in the case of temporary Securities in global form (which shall be exchanged in accordance with the
provisions of the following paragraphs), if temporary Securities of any series are issued, the Company will cause definitive Securities of that series to be prepared without unreasonable delay. After the preparation of definitive Securities of such
series, the temporary Securities of such series shall be exchangeable for definitive Securities of such series upon surrender of the temporary Securities of such series at the office or agency of the Company in a Place of Payment for that series,
without charge to the Holder. Upon surrender for cancellation of any one or more temporary Securities of any series (accompanied by any unmatured coupons appertaining thereto), the Company shall execute and the Trustee shall authenticate and
deliver in exchange therefor a like principal amount of definitive Securities of the same series and of like tenor of authorized denominations; provided, however, that no definitive Bearer Security shall be delivered in exchange for a
temporary Registered Security; and provided further that a definitive Bearer Security shall be delivered in exchange for a temporary Bearer Security only in compliance with the conditions set forth in Section 303. Until so
exchanged the temporary Securities of any series shall in all respects be entitled to the same benefits under this Indenture as definitive Securities of such series. 

If temporary Securities of any series are issued in global form, any such temporary global Security shall, unless otherwise provided
therein, be delivered to the London office of a depositary or common depositary (the “Common Depositary”), for the benefit of Euroclear and Clearstream, for credit to the respective accounts of the beneficial owners of such Securities (or
to such other accounts as they may direct). 
 Without unnecessary delay but in any event not later than the date specified in,
or determined pursuant to the terms of, any such temporary global Security (the “Exchange Date”), the Company shall deliver to the Trustee definitive Securities of the same series executed by the Company, in aggregate principal amount
equal to the principal amount of such temporary global Security. On or after the Exchange Date such temporary global Security shall be surrendered by the Common Depositary to the Trustee, as the Company’s agent for such purpose, to be
exchanged, in whole or from time to time in part, for definitive Securities of the same series without charge and the Trustee shall authenticate and deliver, in exchange for each portion of such temporary global Security, an equal aggregate
principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the portion of such temporary global Security to be exchanged. The definitive Securities to be delivered in exchange for any

  

 26 

 
such temporary global Security shall be in bearer form, registered form, permanent global bearer form or permanent global registered form, or any combination thereof, as specified as contemplated
by Section 301, and, if any combination thereof is so specified, as requested by the beneficial owner thereof, provided that, unless otherwise specified in such temporary global Security, upon such presentation by the Common Depositary, such
temporary global Security is accompanied by a certificate dated the Exchange Date or a subsequent date and signed by Euroclear as to the portion of such temporary global Security held for its account then to be exchanged and a certificate dated the
Exchange Date or a subsequent date and signed by Clearstream as to the portion of such temporary global Security held for its account then to be exchanged, each in the form set forth in Exhibit A-2 to this Indenture (or in such other form as may be
established pursuant to Section 301); and provided, however, that definitive Bearer Securities shall be delivered in exchange for a portion of a temporary global Security only in compliance with the requirements of Section 303. 

Unless otherwise specified in such temporary global Security, the interest of a beneficial owner of a temporary global Security shall be
exchanged for definitive Securities of the same series and of like tenor following the Exchange Date when the account holder instructs Euroclear or Clearstream, as the case may be, to request such exchange on his behalf and delivers to Euroclear or
Clearstream, as the case may be, a certificate in the form set forth in Exhibit A-1 to this Indenture (or in such other form as may be established pursuant to Section 301), dated no earlier than 15 days prior to the Exchange Date, copies of
which certificate shall be available from the offices of Euroclear and Clearstream, the Trustee, any Authenticating Agent appointed for such series of Securities and each Paying Agent. Unless otherwise specified in such temporary global Security,
any such exchange shall be made free of charge to the beneficial owners of such temporary global Security, except that a Person receiving definitive Securities must bear the cost of insurance, postage, transportation and the like in the event that
such Person does not take delivery of such definitive Securities in person at the offices of Euroclear or Clearstream. Definitive Securities in bearer form to be delivered in exchange for any portion of a temporary global Security shall be delivered
only outside the United States. 
 Until exchanged in full as hereinabove provided, the temporary Securities of any series shall
in all respects be entitled to the same benefits under this Indenture as definitive Securities of the same series and of like tenor authenticated and delivered hereunder, except that, unless otherwise specified as contemplated by Section 301,
interest payable on a temporary global Security on an Interest Payment Date for Securities of such series occurring prior to the applicable Exchange Date shall be payable to Euroclear and Clearstream on such Interest Payment Date upon delivery by
Euroclear and Clearstream to the Trustee or the applicable Paying Agent of a certificate or certificates in the form set forth in Exhibit A-2 to this Indenture (or in such other form as may be established pursuant to Section 301), for credit
without further interest thereon on or after such Interest Payment Date to the respective accounts of the Persons who are the beneficial owners of such temporary global Security on such Interest Payment Date and who have each delivered to Euroclear
or Clearstream, as the case may be, a certificate dated no earlier than 15 days prior to the Interest Payment Date occurring prior to such Exchange Date in the form set forth in Exhibit A-1 to this Indenture (or in such other form as may be
established pursuant to Section 301). Notwithstanding anything to the contrary herein contained, the certifications made pursuant to this paragraph shall satisfy the certification requirements of the preceding two paragraphs of this
Section and of the third paragraph of Section 303 of this 
  

 27 

 
Indenture and the interests of the Persons who are the beneficial owners of the temporary global Security with respect to which such certification was made will be exchanged for definitive
Securities of the same series and of like tenor on the Exchange Date or the date of certification if such date occurs after the Exchange Date, without further act or deed by such beneficial owners. Except as otherwise provided in this paragraph, no
payments of principal (or premium, if any) or interest, if any, owing with respect to a beneficial interest in a temporary global Security will be made unless and until such interest in such temporary global Security shall have been exchanged for an
interest in a definitive Security. Any interest so received by Euroclear and Clearstream and not paid as herein provided shall be returned to the Trustee or the applicable Paying Agent immediately prior to the expiration of two years after such
Interest Payment Date in order to be repaid to the Company in accordance with (but otherwise subject to) Section 1003. 

SECTION 305. Registration, Registration of Transfer and Exchange. The Company or the Trustee shall cause to be kept at the
Corporate Trust Office of the Trustee a register for each series of Securities (the registers maintained in the Corporate Trust Office of the Trustee and in any other office or agency of the Company in a Place of Payment being herein sometimes
collectively referred to as the “Security Register”) in which, subject to such reasonable regulations as it may prescribe, the Company shall provide for the registration of Registered Securities and of transfers of Registered Securities;
provided, however, that there shall be only one Security Register per series of Securities. The Security Register shall be in written form or any other form capable of being converted into written form within a reasonable time. At all
reasonable times, the Security Register shall be open to inspection by the Trustee. The Trustee is hereby initially appointed as security registrar (the “Security Registrar”) for the purpose of registering Registered Securities and
transfers of Registered Securities as herein provided and for facilitating exchanges of temporary global Securities for permanent global Securities or definitive Securities, or both, or of permanent global Securities for definitive Securities, as
herein provided. 
 Upon surrender for registration of transfer of any Registered Security of any series at the office or agency
in a Place of Payment for that series, the Company shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee, one or more new Registered Securities of the same series, of any authorized denominations and
of a like aggregate principal amount and tenor. 
 At the option of the Holder, Registered Securities of any series may be
exchanged for other Registered Securities of the same series, of any authorized denomination and of a like aggregate principal amount, upon surrender of the Registered Securities to be exchanged at such office or agency. Whenever any Registered
Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the Registered Securities which the Holder making the exchange is entitled to receive. Unless otherwise specified with respect to
any series of Securities as contemplated by Section 301, Bearer Securities may not be issued in exchange for Registered Securities. 

If (but only if) expressly permitted in or pursuant to the applicable Board Resolution and (subject to Section 303) set forth in the
applicable Officers’ Certificate, or in any indenture supplemental hereto, delivered as contemplated by Section 301, at the option of the Holder, Bearer Securities of any series may be exchanged for Registered Securities of the same

  

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series of any authorized denomination and of a like aggregate principal amount and tenor, upon surrender of the Bearer Securities to be exchanged at any such office or agency, with all unmatured
coupons and all matured coupons in default thereto appertaining. If the Holder of a Bearer Security is unable to produce any such unmatured coupon or coupons or matured coupon or coupons in default, any such permitted exchange may be effected if the
Bearer Securities are accompanied by payment in funds acceptable to the Company in an amount equal to the face amount of such missing coupon or coupons, or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee
if there is furnished to them such security or indemnity as they may reasonably require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to any Paying Agent any such missing coupon in
respect of which such a payment shall have been made, such Holder shall be entitled to receive the amount of such payment; provided, however, that, except as otherwise provided in Section 1002, interest represented by coupons
shall be payable only upon presentation and surrender of those coupons at an office or agency located outside the United States. Notwithstanding the foregoing, in case a Bearer Security of any series is surrendered at any such office or agency in a
permitted exchange for a Registered Security of the same series and like tenor after the close of business at such office or agency on (i) any Regular Record Date and before the opening of business at such office or agency on the relevant
Interest Payment Date, or (ii) any Special Record Date and before the opening of business at such office or agency on the related proposed date for payment of Defaulted Interest, such Bearer Security shall be surrendered without the coupon
relating to such Interest Payment Date or proposed date for payment, as the case may be, and interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in
respect of the Registered Security issued in exchange for such Bearer Security, but will be payable only to the Holder of such coupon when due in accordance with the provisions of this Indenture. 

Whenever any Securities are so surrendered for exchange, the Company shall execute, and the Trustee shall authenticate and deliver, the
Securities that the Holder making the exchange is entitled to receive. 
 Notwithstanding the foregoing, except as otherwise
specified as contemplated by Section 301, any permanent global Security shall be exchangeable only as provided in this paragraph. Unless otherwise specified pursuant to Section 301, all Bearer Securities issued in permanent global form,
upon request of the beneficial owner and in accordance with the following provisions, will be exchangeable for definitive Bearer Securities. If any beneficial owner of an interest in a permanent global Security is entitled to exchange such interest
for Securities of such series and of like tenor and principal amount of another authorized form and denomination, as specified as contemplated by Section 301 and provided that any applicable notice provided in the permanent global Security
shall have been given, then without unnecessary delay but in any event not later than the earliest date on which such interest may be so exchanged, the Company shall deliver to the Trustee definitive Securities of that series in aggregate principal
amount equal to the principal amount of such beneficial owner’s interest in such permanent global Security, executed by the Company. On or after the earliest date on which such interests may be so exchanged, such permanent global Security shall
be surrendered by the Common Depositary or such other depositary as shall be specified in the Company Order with respect thereto to the Trustee, as the Company’s agent for such purpose, to be exchanged, in

  

 29 

 
whole or from time to time in part, for definitive Securities of the same series without charge, and the Trustee shall authenticate and deliver, in exchange for each portion of such permanent
global Security, an equal aggregate principal amount of definitive Securities of the same series of authorized denominations and of like tenor as the portion of such permanent global Security to be exchanged which, unless the Securities of the
series are not issuable both as Bearer Securities and as Registered Securities, as specified as contemplated by Section 301, shall be in the form of Bearer Securities or Registered Securities, or any combination thereof, as shall be specified
by the beneficial owner thereof; provided, however, that no such exchanges may occur during a period beginning at the opening of business 15 days before any selection of Securities to be redeemed and ending on the relevant Redemption
Date if the Security for which exchange is requested may be among those selected for redemption; and provided, further, that no Bearer Security delivered in exchange for a portion of a permanent global Security shall be mailed or
otherwise delivered to any location in the United States. If a definitive Registered Security is issued in exchange for any portion of a permanent global Security after the close of business at the office or agency where such exchange occurs on
(i) any Regular Record Date and before the opening of business at such office or agency on the relevant Interest Payment Date, or (ii) any Special Record Date and before the opening of business at such office or agency on the related
proposed date for payment of Defaulted Interest, interest or Defaulted Interest, as the case may be, will not be payable on such Interest Payment Date or proposed date for payment, as the case may be, in respect of such definitive Registered
Security, but will be payable on such Interest Payment Date or proposed date for payment, as the case may be, only to the Person to whom interest in respect of such portion of such permanent global Security is payable in accordance with the
provisions of this Indenture. 
 All Securities issued upon any registration of transfer or exchange of Securities shall be the
valid obligations of the Company, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Securities surrendered upon such registration of transfer or exchange. 

Every Registered Security presented or surrendered for registration of transfer or for exchange shall (if so required by the Company or
the Security Registrar) be duly endorsed, or be accompanied by a written instrument of transfer, in form satisfactory to the Company and the Security Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing.

 No service charge shall be made for any registration of transfer or exchange of Securities, but the Company may require
payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any registration of transfer or exchange of Securities, other than exchanges pursuant to Section 304, 906, 1107 or 1305 not
involving any transfer. 
 If at any time the Depositary for any permanent global Registered Securities of any series notifies
the Company that it is unwilling or unable to continue as Depositary for such permanent global Registered Securities or if at any time the Depositary for such permanent global Registered Securities shall no longer be eligible to so continue under
applicable law, the Company shall appoint a successor Depositary eligible under applicable law with respect to such permanent global Registered Securities. If a successor Depositary eligible under applicable law

  

 30 

 
for such Registered Global Securities is not appointed by the Company within 90 days after the Company receives such notice or becomes aware of such ineligibility or if there has occurred and is
continuing an Event of Default with respect to the Securities of any series, the Company will execute, and the Trustee, upon receipt of the Company Order for the authentication and delivery of definitive Registered Securities of such series and
tenor, will authenticate and deliver such definitive Registered Securities of such series and tenor, in any authorized denominations, in an aggregate principal amount equal to the principal amount of such permanent global Registered Securities, in
exchange for such permanent global Registered Securities. 
 The Company may at any time and in its sole discretion determine
that any permanent global Registered Securities of any series shall no longer be maintained in global form. In such event the Company will execute, and the Trustee, upon receipt of the Company’s order for the authentication and delivery of
definitive Registered Securities of such series and tenor, will authenticate and deliver, definitive Registered Securities of such series and tenor in any authorized denominations, in an aggregate principal amount equal to the principal amount of
such permanent global Registered Securities, in exchange for such permanent global Registered Securities. 
 The Company shall
not be required (i) to issue, register the transfer of or exchange Securities of any series during a period beginning at the opening of business 15 days before the day of the selection for redemption of Securities of that series under
Section 1103 or 1203 and ending at the close of business on (A) if Securities of the series are issuable only as Registered Securities, the day of the mailing of the relevant notice of redemption and (B) if Securities of the series
are issuable as Bearer Securities, the day of the first publication of the relevant notice of redemption or, if Securities of the series are also issuable as Registered Securities and there is no publication, the mailing of the relevant notice of
redemption, or (ii) to register the transfer of or exchange any Registered Security so selected for redemption in whole or in part, except the unredeemed portion of any Security being redeemed in part, or (iii) to exchange any Bearer
Security so selected for redemption except that such a Bearer Security may be exchanged for a Registered Security of that series and like tenor, provided that such Registered Security shall be simultaneously surrendered for redemption, or
(iv) to issue, register the transfer of or exchange any Security which has been surrendered for repayment at the option of the Holder, except the portion, if any, of such Security not to be so repaid. 

The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer that may
be imposed under this Indenture with respect to the Securities of any series pursuant to the terms thereof established as contemplated by Section 301 or under applicable law with respect to any transfer of any interest in any such Security
(including any transfers between or among any depositary (including any Depositary or Common Depositary), or its nominee, as a Holder of a Security issued in global form, any participants in such depositary or owners or holders of beneficial
interests in any such global Security) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of such Securities if and as may
be so established in respect of such Securities, and to examine the same to determine substantial compliance as to form with the express requirements thereof. 
  

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 SECTION 306. Mutilated, Destroyed, Lost and Stolen Securities. If any mutilated
Security or a Security with a mutilated coupon appertaining to it is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same series and of like tenor and
principal amount and bearing a number not contemporaneously Outstanding, with coupons corresponding to the coupons, if any, appertaining to the surrendered Security. 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of
any Security or coupon and (ii) such security or indemnity as may be required by them to save each of them and any agent of either of them harmless, then, in the absence of notice to the Company or the Trustee that such Security or coupon has
been acquired by a bona fide purchaser, the Company shall execute and upon Company Order the Trustee shall authenticate and deliver, in lieu of any such destroyed, lost or stolen Security or in exchange for the Security to which a destroyed, lost or
stolen coupon appertains (with all appurtenant coupons not destroyed, lost or stolen), a new Security of the same series and of like tenor and principal amount and bearing a number not contemporaneously Outstanding, with coupons corresponding to the
coupons, if any, appertaining to such destroyed, lost or stolen Security or to the Security to which such destroyed, lost or stolen coupon appertains. 

Notwithstanding the provisions of the previous two paragraphs, in case any such mutilated, destroyed, lost or stolen Security or coupon
has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, with coupons corresponding to the coupons, if any, appertaining to such mutilated, destroyed, lost or stolen Security or to the
Security to which such mutilated, destroyed, lost or stolen coupon appertains, pay such Security or coupon; provided, however, that payment of principal of (and premium, if any) and interest, if any, on Bearer Securities shall, except
as otherwise provided in Section 1002, be payable only at an office or agency located outside the United States and, unless otherwise specified as contemplated by Section 301, any interest on Bearer Securities shall be payable only upon
presentation and surrender of the coupons appertaining thereto. 
 Upon the issuance of any new Security under this Section, the
Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith. 

Every new Security of any series, with its coupons, if any, issued pursuant to this Section in lieu of any mutilated, destroyed,
lost or stolen Security, or in exchange for a Security to which a mutilated, destroyed, lost or stolen coupon appertains, shall constitute an original additional contractual obligation of the Company, whether or not the mutilated, destroyed, lost or
stolen Security and its coupons, if any, or the mutilated, destroyed, lost or stolen coupon shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other
Securities of that series and their coupons, if any, duly issued hereunder. 
  

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

SECTION 307. Payment of Interest; Interest Rights Preserved; Optional Interest Reset. (a) Unless otherwise provided as
contemplated by Section 301 with respect to any series of Securities, interest, if any, on any Registered Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose
name such Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest at the office or agency of the Company maintained for such purpose pursuant to Section 1002;
provided, however, that each installment of interest, if any, on any Registered Security (other than a global Security) on an Interest Payment Date may at the Company’s option be paid by (i) mailing a check for such interest,
payable to or upon the written order of the Person entitled thereto pursuant to Section 309, to the address of such Person as it appears on the Security Register or (ii) transfer to an account located in the United States maintained by the
payee. 
 Unless otherwise provided as contemplated by Section 301 with respect to the Securities of any series, payment of
interest, if any, may be made, in the case of a Bearer Security, by transfer to an account located outside the United States maintained by the payee. 

Unless otherwise provided as contemplated by Section 301, every permanent global Security will provide that interest, if any,
payable on any Interest Payment Date will be paid to each of Euroclear and Clearstream with respect to that portion of such permanent global Security held for its account by the Common Depositary, for the purpose of permitting each of Euroclear and
Clearstream to credit the interest, if any, received by it in respect of such permanent global Security to the accounts of the beneficial owners thereof. 

Any interest on any Registered Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest
Payment Date shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such defaulted interest and, if applicable, interest on such defaulted interest (to the extent lawful) at
the rate or formula specified in the Securities of such series (such defaulted interest and, if applicable, interest thereon herein collectively called “Defaulted Interest”) may be paid by the Company, at its election in each case, as
provided in clause (1) or (2) below: 
 (1) The Company may elect to make payment of any Defaulted
Interest to the Persons in whose names the Registered Securities of such series (or their respective Predecessor Securities) are registered at the close of business on a Special Record Date for the payment of such Defaulted Interest, which
shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each Registered Security of such series and the date of the proposed payment, and at the same time the
Company shall deposit with the Trustee an amount of money in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as
provided in Sections 312(b), 312(d) and 312(e)) equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall 

 

 33 

 
make arrangements satisfactory to the Trustee for such deposit on or prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Persons
entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a Special Record Date for the payment of such Defaulted Interest that shall be not more than 15 days and not less than 10 days prior to the date of
the proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company,
shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be given in the manner provided in Section 106, not less than 10 days prior to such Special Record Date. Notice of the proposed
payment of such Defaulted Interest and the Special Record Date therefor having been so given, such Defaulted Interest shall be paid to the Persons in whose name the Registered Securities of such series (or their respective Predecessor
Securities) are registered at the close of business on such Special Record Date and shall no longer be payable pursuant to the following clause (2). 

(2) The Company may make payment of any Defaulted Interest on the Registered Securities of any series in any other lawful
manner not inconsistent with the requirements of any securities exchange on which such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment
pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee. 
 (b) The provisions of this
Section 307(b) may be made applicable to any series of Securities pursuant to Section 301 (with such modifications, additions or substitutions as may be specified pursuant to such Section 301). The interest rate (or the spread or
spread multiplier used to calculate such interest rate, if applicable) on any Security of such series may be reset by the Company on the date or dates specified on the face of such Security (each an “Optional Reset Date”). The Company may
exercise such option with respect to such Security by notifying the Trustee of such exercise at least 50 but not more than 60 days prior to an Optional Reset Date for such Security. Not later than 40 days prior to each Optional Reset Date, the
Trustee shall transmit, in the manner provided for in Section 106, to the Holder of any such Security a notice (the “Reset Notice”) indicating whether the Company has elected to reset the interest rate (or the spread or spread
multiplier used to calculate such interest rate, if applicable), and if so (i) such new interest rate (or such new spread or spread multiplier, if applicable) and (ii) the provisions, if any, for redemption during the period from such
Optional Reset Date to the next Optional Reset Date or if there is no such next Optional Reset Date, to the Stated Maturity of such Security (each such period a “Subsequent Interest Period”), including the date or dates on which or the
period or periods during which and the price or prices at which such redemption may occur during the Subsequent Interest Period. 

Notwithstanding the foregoing, not later than 20 days prior to the Optional Reset Date, the Company may, at its option, revoke the
interest rate (or the spread or spread multiplier used to calculate such interest rate, if applicable) provided for in the Reset Notice and establish an interest rate (or a spread or spread multiplier used to calculate such interest rate, if
applicable) that is higher than the interest rate (or the spread or spread multiplier, if applicable) provided for 
  

 34 

 
in the Reset Notice, for the Subsequent Interest Period by causing the Trustee to transmit, in the manner provided for in Section 106, notice of such higher interest rate (or such higher
spread or spread multiplier, if applicable) to the Holder of such Security. Such notice shall be irrevocable. All Securities with respect to which the interest rate (or the spread or spread multiplier used to calculate such interest rate, if
applicable) is reset on an Optional Reset Date, and with respect to which the Holders of such Securities have not tendered such Securities for repayment (or have validly revoked any such tender) pursuant to the next succeeding paragraph, will bear
such higher interest rate (or such higher spread or spread multiplier, if applicable). 
 The Holder of any such Security will
have the option to elect repayment by the Company of the principal of such Security on each Optional Reset Date at a price equal to the principal amount thereof plus interest accrued to such Optional Reset Date. In order to obtain repayment on an
Optional Reset Date, the Holder must follow the procedures set forth in Article Thirteen for repayment at the option of Holders except that the period for delivery or notification to the Trustee shall be at least 25 but not more than 35 days
prior to such Optional Reset Date and except that, if the Holder has tendered any Security for repayment pursuant to the Reset Notice, the Holder may, by written notice to the Trustee, revoke such tender or repayment until the close of business on
the tenth day before such Optional Reset Date. 
 Subject to the foregoing provisions of this Section and Section 305,
each Security delivered under this Indenture upon registration of transfer of or in exchange for or in lieu of any other Security shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Security.

 SECTION 308. Optional Extension of Maturity. The provisions of this Section 308 may be made applicable to
any series of Securities pursuant to Section 301 (with such modifications, additions or substitutions as may be specified pursuant to such Section 301). The Maturity of any Security of such series may be extended at the option of the
Company for the period or periods specified on the face of such Security (each an “Extension Period”) up to but not beyond the Stated Maturity set forth on the face of such Security. The Company may exercise such option with respect to any
Security by notifying the Trustee of such exercise at least 50 but not more than 60 days prior to the Maturity of such Security in effect prior to the exercise of such option. If the Company exercises such option, the Trustee shall transmit, in
the manner provided for in Section 106, to the Holder of such Security not later than 40 days prior to the Maturity a notice (the “Extension Notice”) indicating (i) the election of the Company to extend the Maturity,
(ii) the new Maturity, (iii) the interest rate, if any, applicable to the Extension Period and (iv) the provisions, if any, for redemption during such Extension Period. Upon the Trustee’s transmittal of the Extension Notice, the
Maturity of such Security shall be extended automatically and, except as modified by the Extension Notice and as described in the next paragraph, such Security will have the same terms as prior to the transmittal of such Extension Notice.

 Notwithstanding the foregoing, not later than 20 days before the Maturity of such Security, the Company may, at its option,
revoke the interest rate provided for in the Extension Notice and establish a higher interest rate for the Extension Period by causing the Trustee to transmit, in the manner provided for in Section 106, notice of such higher interest rate (or
such higher spread or spread multiplier, if applicable) to the Holder of such Security. Such notice shall be irrevocable. All Securities with respect to which the Maturity is extended will bear such higher interest rate. 

 

 35 

 If the Company extends the Maturity of any Security, the Holder will have the option to
elect repayment of such Security by the Company at Maturity at a price equal to the principal amount thereof, plus interest accrued to such date. In order to obtain repayment at Maturity once the Company has extended the Maturity thereof, the Holder
must follow the procedures set forth in Article Thirteen for repayment at the option of Holders, except that the period for delivery or notification to the Trustee shall be at least 25 but not more than 35 days prior to the Maturity and except
that, if the Holder has tendered any Security for repayment pursuant to an Extension Notice, the Holder may by written notice to the Trustee revoke such tender for repayment until the close of business on the tenth day before the Maturity.

 SECTION 309. Persons Deemed Owners. Prior to due presentment of a Registered 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 such Registered Security is registered as the absolute owner of such Registered Security for the purpose of receiving payment of
principal of (and premium, if any) and (subject to Sections 305 and 307) interest, if any, on such Registered Security and for all other purposes whatsoever, whether or not such Registered Security be overdue, and none of the Company, the
Trustee or any agent of the Company or the Trustee shall be affected by notice to the contrary. 
 Title to any Bearer Security
and any coupons appertaining thereto shall pass by delivery. The Company, the Trustee and any agent of the Company or the Trustee may treat the bearer of any Bearer Security and the bearer of any coupon as the absolute owner of such Bearer Security
or coupon for the purpose of receiving payment thereof or on account thereof and for all other purposes whatsoever, whether or not such Bearer Security or coupons be overdue, and none of the Company, the Trustee or any agent of the Company or the
Trustee shall be affected by notice to the contrary. 
 None of the Company, the Trustee, any Paying Agent or the Security
Registrar shall have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership interests of a Security in global form or for maintaining, supervising or reviewing any records
relating to such beneficial ownership interests. The Company, the Trustee and the Securities Registrar shall be entitled to deal with any depositary (including any Depositary or Common Depositary), and any nominee thereof, that is the Holder of any
such global Security for all purposes of this Indenture relating to such global Security (including the payment of principal, premium, if any, and interest and Additional Amounts, if any, the giving of instructions or directions by or to the owner
or holder of a beneficial ownership interest in such global Security) as the sole Holder of such global Security and shall have no obligations to the beneficial owners thereof. None of the Company, the Trustee, any Paying Agent or the Security
Registrar shall have any responsibility or liability for any acts or omissions of any such depositary with respect to such global Security, for the records of any such depositary, including records in respect of beneficial ownership interests in
respect of any such global Security, for any transactions between such depositary and any participant in such depositary or between or among any such depositary, any such participant and/or any holder or owner of a beneficial interest in such global
Security or for any transfers of beneficial interests in any such global Security. 
  

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 Notwithstanding the foregoing, with respect to any global Security, nothing herein shall
prevent the Company, the Trustee, or any agent of the Company or the Trustee, from giving effect to any written certification, proxy or other authorization furnished by any depositary (including any Depositary or Common Depositary), as a Holder,
with respect to such global Security or impair, as between such depositary and owners of beneficial interests in such global Security, the operation of customary practices governing the exercise of the rights of such depositary (or its nominee) as
Holder of such global Security. 
 SECTION 310. Cancellation. All Securities and coupons surrendered for payment,
redemption, repayment at the option of the Holder, registration of transfer or exchange or for credit against any current or future sinking fund payment shall, if surrendered to any Person other than the Trustee, be delivered to the Trustee. All
Securities and coupons so delivered to the Trustee shall be promptly cancelled by it. The Company may at any time deliver to the Trustee for cancellation any Securities previously authenticated and delivered hereunder which the Company may have
acquired in any manner whatsoever, and may deliver to the Trustee (or to any other Person for delivery to the Trustee) for cancellation any Securities previously authenticated hereunder which the Company has not issued and sold, and all Securities
so delivered shall be promptly cancelled by the Trustee. If the Company shall so acquire any of the Securities, however, such acquisition shall not operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and
until the same are surrendered to the Trustee for cancellation. No Securities shall be authenticated in lieu of or in exchange for any Securities cancelled as provided in this Section, except as expressly permitted by this Indenture. All cancelled
Securities and coupons held by the Trustee shall be disposed of by the Trustee in accordance with its customary procedures and, if requested by the Company in writing, the Trustee shall provide certification of their disposal to the Company, unless
by Company Order the Company shall timely direct that cancelled Securities be returned to it. 
 SECTION 311.
Computation of Interest. Except as otherwise specified as contemplated by Section 301 with respect to Securities of any series, interest, if any, on the Securities of each series shall be computed on the basis of a 360-day year of twelve
30-day months. 
 SECTION 312. Currency and Manner of Payments in Respect of Securities. (a) Unless otherwise
specified with respect to any series of Securities pursuant to Section 301, with respect to Registered Securities of any series not permitting the election provided for in paragraph (b) below or the Holders of which have not made the
election provided for in paragraph (b) below, and with respect to Bearer Securities of any series, except as provided in paragraph (d) below, payment of the principal of (and premium, if any) and interest, if any, on any
Registered Security or Bearer Security of such series will be made in the Currency in which such Registered Security or Bearer Security, as the case may be, is payable. The provisions of this Section 312 may be modified or superseded with
respect to any Securities pursuant to Section 301. 
  

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 (b) It may be provided pursuant to Section 301 with respect to Registered Securities of
any series that Holders shall have the option, subject to paragraphs (d) and (e) below, to receive payments of principal of (or premium, if any) or interest, if any, on such Registered Securities in any of the Currencies which may be
designated for such election by delivering to the Trustee a written election with signature guarantees and in the applicable form established pursuant to Section 301, not later than the close of business on the Election Date immediately
preceding the applicable payment date. If a Holder so elects to receive such payments in any such Currency, such election will remain in effect for such Holder or any transferee of such Holder until changed by such Holder or such transferee by
written notice to the Trustee (but any such change must be made not later than the close of business on the Election Date immediately preceding the next payment date to be effective for the payment to be made on such payment date and no such change
of election may be made with respect to payments to be made on any Registered Security of such series with respect to which an Event of Default has occurred or with respect to which the Company has deposited funds pursuant to Article Four or
Fourteen or with respect to which a notice of redemption has been given by the Company or a notice of option to elect repayment has been sent by such Holder or such transferee). Any Holder of any such Registered Security who shall not have delivered
any such election to the Trustee not later than the close of business on the applicable Election Date will be paid the amount due on the applicable payment date in the relevant Currency as provided in Section 312(a). The Trustee shall notify
the Exchange Rate Agent as soon as practicable after the Election Date of the aggregate principal amount of Registered Securities for which Holders have made such written election. 

(c) Unless otherwise specified pursuant to Section 301, if the election referred to in paragraph (b) above has been
provided for pursuant to Section 301, then, unless otherwise specified pursuant to Section 301, not later than the fourth Business Day after the Election Date for each payment date for Registered Securities of any series, the Exchange Rate
Agent will deliver to the Company a written notice specifying the Currency in which Registered Securities of such series are payable, the respective aggregate amounts of principal of (and premium, if any) and interest, if any, on the Registered
Securities to be paid on such payment date and the amounts in such Currency so payable in respect of the Registered Securities as to which the Holders of Registered Securities of such series shall have elected to be paid in another Currency as
provided in paragraph (b) above. If the election referred to in paragraph (b) above has been provided for pursuant to Section 301 and if at least one Holder has made such election, then, unless otherwise specified pursuant
to Section 301, on the second Business Day preceding such payment date the Company will deliver to the Trustee an Exchange Rate Officer’s Certificate in respect of the Dollar or Foreign Currency payments to be made on such payment date.
Unless otherwise specified pursuant to Section 301, the Dollar or Foreign Currency amount receivable by Holders of Registered Securities who have elected payment in a Currency as provided in paragraph (b) above shall be determined by
the Company on the basis of the applicable Market Exchange Rate in effect on the third Business Day (the “Valuation Date”) immediately preceding each payment date, and such determination shall be conclusive and binding for all purposes,
absent manifest error. 
 (d) If a Conversion Event occurs with respect to a Foreign Currency in which any of the Securities are
denominated or payable other than pursuant to an election provided for pursuant to paragraph (b) above, then with respect to each date for the payment of principal 

 

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of (and premium, if any) and interest, if any, on the applicable Securities denominated or payable in such Foreign Currency occurring after the last date on which such Foreign Currency was used
(the “Conversion Date”), the Dollar shall be the Currency of payment for use on each such payment date. Unless otherwise specified pursuant to Section 301, the Dollar amount to be paid by the Company to the Trustee and by the Trustee
or any Paying Agent to the Holders of such Securities with respect to such payment date shall be, in the case of a Foreign Currency other than a currency unit, the Dollar Equivalent of the Foreign Currency or, in the case of a currency unit, the
Dollar Equivalent of the Currency Unit, in each case as determined by the Exchange Rate Agent in the manner provided in paragraph (f) or (g) below. 

(e) Unless otherwise specified pursuant to Section 301, if the Holder of a Registered Security denominated in any Currency shall
have elected to be paid in another Currency as provided in paragraph (b) above, and a Conversion Event occurs with respect to such elected Currency, such Holder shall receive payment in the Currency in which payment would have been made in
the absence of such election; and if a Conversion Event occurs with respect to the Currency in which payment would have been made in the absence of such election, such Holder shall receive payment in Dollars as provided in
paragraph (d) above. 
 (f) The “Dollar Equivalent of the Foreign Currency” shall be determined by the
Exchange Rate Agent and shall be obtained for each subsequent payment date by converting the specified Foreign Currency into Dollars at the Market Exchange Rate on the Conversion Date. 

(g) The “Dollar Equivalent of the Currency Unit” shall be determined by the Exchange Rate Agent and subject to the provisions
of paragraph (h) below shall be the sum of each amount obtained by converting the Specified Amount of each Component Currency into Dollars at the Market Exchange Rate for such Component Currency on the Valuation Date with respect to each
payment. 
 (h) For purposes of this Section 312 the following terms shall have the following meanings: 

A “Component Currency” shall mean any Currency which, on the Conversion Date, was a component currency of the
relevant currency unit. 
 A “Specified Amount” of a Component Currency shall mean the number of units
of such Component Currency or fractions thereof which were represented in the relevant currency unit on the Conversion Date. If after the Conversion Date the official unit of any Component Currency is altered by way of combination or subdivision,
the Specified Amount of such Component Currency shall be divided or multiplied in the same proportion. If after the Conversion Date two or more Component Currencies are consolidated into a single currency, the respective Specified Amounts of such
Component Currencies shall be replaced by an amount in such single Currency equal to the sum of the respective Specified Amounts of such consolidated Component Currencies expressed in such single Currency, and such amount shall thereafter be a
Specified Amount and such single Currency shall thereafter be a Component Currency. If after the Conversion Date any Component Currency shall be divided into two or more currencies, the 

 

 39 

 
Specified Amount of such Component Currency shall be replaced by amounts of such two or more currencies, having an aggregate Dollar Equivalent value at the Market Exchange Rate on the date of
such replacement equal to the Dollar Equivalent value of the Specified Amount of such former Component Currency at the Market Exchange Rate immediately before such division and such amounts shall thereafter be Specified Amounts and such currencies
shall thereafter be Component Currencies. If, after the Conversion Date of the relevant currency unit, a Conversion Event (other than any event referred to above in this definition of “Specified Amount”) occurs with respect to any
Component Currency of such currency unit and is continuing on the applicable Valuation Date, the Specified Amount of such Component Currency shall, for purposes of calculating the Dollar Equivalent of the Currency Unit, be converted into Dollars at
the Market Exchange Rate in effect on the Conversion Date of such Component Currency. 
 “Election
Date” shall mean the date for any series of Registered Securities as specified pursuant to clause (13) of Section 301 by which the written election referred to in paragraph (b) above may be made. 

All decisions and determinations of the Exchange Rate Agent regarding the Dollar Equivalent of the Foreign Currency, the Dollar
Equivalent of the Currency Unit, the Market Exchange Rate and changes in the Specified Amounts as specified above shall be in its sole discretion and shall, in the absence of manifest error, be conclusive for all purposes and irrevocably binding
upon the Company, the Trustee and all Holders of such Securities denominated or payable in the relevant Currency. The Exchange Rate Agent shall promptly give written notice to the Company and the Trustee of any such decision or determination.

 In the event that the Company determines in good faith that a Conversion Event has occurred with respect to a Foreign
Currency, the Company will immediately give written notice thereof to the Trustee and to the Exchange Rate Agent (and the Trustee will promptly thereafter give notice in the manner provided for in Section 106 to the affected Holders) specifying
the Conversion Date. In the event the Company so determines that a Conversion Event has occurred with respect to any Foreign Currency unit in which Securities are denominated or payable, the Company will immediately give written notice thereof to
the Trustee and to the Exchange Rate Agent (and the Trustee will promptly thereafter give notice in the manner provided for in Section 106 to the affected Holders) specifying the Conversion Date and the Specified Amount of each Component
Currency on the Conversion Date. In the event the Company determines in good faith that any subsequent change in any Component Currency as set forth in the definition of Specified Amount above has occurred, the Company will similarly give written
notice to the Trustee and the Exchange Rate Agent. The Trustee shall be fully justified and protected in relying and acting upon information received by it from the Company and the Exchange Rate Agent and shall not otherwise have any duty or
obligation to determine the accuracy or validity of such information independent of the Company or the Exchange Rate Agent. 

SECTION 313. Appointment and Resignation of Successor Exchange Rate Agent. (a) Unless otherwise specified pursuant to
Section 301, if and so long as the Securities of any series (i) are denominated in a Foreign Currency or (ii) may be payable in a Foreign Currency, or so long as it is required under any other provision of this Indenture, then
the 
  

 40 

 
Company will maintain with respect to each such series of Securities, or as so required, at least one Exchange Rate Agent. The Company will cause the Exchange Rate Agent to make the necessary
foreign exchange determinations at the time and in the manner specified pursuant to Section 301 for the purpose of determining the applicable rate of exchange and, if applicable, for the purpose of converting the denominated Currency into the
applicable payment Currency for the payment of principal (and premium, if any) and interest, if any, pursuant to Section 312. 

(b) No resignation of the Exchange Rate Agent and no appointment of a successor Exchange Rate Agent pursuant to this Section shall
become effective until the acceptance of appointment by the successor Exchange Rate Agent as evidenced by a written instrument delivered to the Company and the Trustee. 

(c) If the Exchange Rate Agent shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of the
Exchange Rate Agent for any cause with respect to the Securities of one or more series, the Company, by or pursuant to a Board Resolution, shall promptly appoint a successor Exchange Rate Agent or Exchange Rate Agents with respect to the Securities
of that or those series (it being understood that any such successor Exchange Rate Agent may be appointed with respect to the Securities of one or more or all of such series and that, unless otherwise specified pursuant to Section 301, at
any time there shall only be one Exchange Rate Agent with respect to the Securities of any particular series that are originally issued by the Company on the same date and that are initially denominated and/or payable in the same Currency).

 ARTICLE FOUR 

SATISFACTION AND DISCHARGE 

SECTION 401. Satisfaction and Discharge of Indenture. This Indenture shall upon Company Request cease to be of further effect
with respect to any series of Securities specified in such Company Request (except as to any surviving rights of registration of transfer or exchange of Securities of such series expressly provided for herein or pursuant hereto, and any right to
receive Additional Amounts, as contemplated by Section 1010) and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture as to such series when 

(1) either 

(A) all Securities of such series theretofore authenticated and delivered and all coupons, if any, appertaining thereto
(other than (i) coupons appertaining to Bearer Securities surrendered for exchange for Registered Securities and maturing after such exchange, whose surrender is not required or has been waived as provided in Section 305,
(ii) Securities and coupons of such series which have been destroyed, lost or stolen and which have been replaced or paid as provided in Section 306, (iii) coupons appertaining to Securities called for redemption and maturing after
the relevant Redemption Date, whose surrender has been waived as provided in Section 1106, and (iv) Securities and coupons of such series for whose payment money has theretofore been deposited in trust with the Trustee or

  

 41 

 
any Paying Agent or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust, as provided in Section 1003) have been delivered to the
Trustee for cancellation; or 
 (B) all Securities of such series and, in the case of (i) or
(ii) below, any coupons appertaining thereto not theretofore delivered to the Trustee for cancellation 

(i) have become due and payable, or 

(ii) will become due and payable at their Stated Maturity within one year, or 

(iii) if redeemable at the option of the Company, are to be called for redemption within one year under arrangements
satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, 

and the Company, in the case of (i), (ii) or (iii) above, has irrevocably deposited or caused to be deposited with the Trustee
as trust funds in trust for such purpose an amount, in the Currency in which the Securities of such series are payable, sufficient to pay and discharge the entire indebtedness on such Securities and such coupons not theretofore delivered to the
Trustee for cancellation, for principal (and premium, if any) and interest, if any, to the date of such deposit (in the case of Securities which have become due and payable) or to the Stated Maturity or Redemption Date, as the case may be;

 (2) the Company has paid or caused to be paid all other sums payable hereunder or under the Securities; and

 (3) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each
stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture as to such series have been complied with. 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 606
and, if money shall have been deposited with the Trustee pursuant to subclause (B) of clause (1) of this Section, the obligations of the Trustee under Section 402 and the last paragraph of Section 1003, the last sentence of
Section 1011, and the penultimate paragraph of Section 1405 shall survive. 
 SECTION 402. Application of
Trust Money. Subject to the provisions of the last paragraph of Section 1003, all money deposited with the Trustee pursuant to Section 401 shall be held in trust and applied by it, in accordance with the provisions of the Securities,
the coupons and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any)
and interest, if any, for whose payment such money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. Money so held in trust is subject to the Trustee’s rights under
Section 606. 
  

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 ARTICLE FIVE 

REMEDIES 

SECTION 501. Events of Default. “Event of Default,” wherever used herein with respect to Securities of any series,
means any one of the following events (whatever the reason for such Event of Default and whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to any judgment, decree or order of any court or any order, rule or
regulation of any administrative or governmental body): 
 (1) default in the payment of any interest on any
Security of that series, or any related coupon, when such interest or coupon becomes due and payable, and continuance of such default for a period of 30 days; or 

(2) default in the payment of the principal of (or premium, if any, on) any Security of that series at its Maturity; or

 (3) default in the deposit of any principal payment into the sinking fund, when and as due by the terms of any
Security of that series and Article Twelve; or 
 (4) default in the performance, or breach, of any covenant
or agreement of the Company in this Indenture which affects or is applicable to the Securities of that series (other than a default in the performance or breach of a covenant or agreement that is elsewhere in this Section specifically
dealt with or which has expressly been included in this Indenture solely for the benefit of other series of Securities), and continuance of such default or breach for a period of 90 days after receipt of notice given, by registered or certified
mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of all Outstanding Securities of that series a written notice specifying such default or breach and requiring it to be remedied
and stating that such notice is a “Notice of Default” hereunder; or 
 (5) default in the payment of
principal or an acceleration of Indebtedness of the Company for borrowed money where the aggregate principal amount with respect to which the default or acceleration has occurred exceeds $100 million and such acceleration has not been rescinded
or annulled or such Indebtedness repaid within a period of 30 days after written notice to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of all Outstanding Securities; provided
that if any such default is cured, waived, rescinded or annulled, then the Event of Default by reason thereof would be deemed not to have occurred; or 

(6) the entry by a court having jurisdiction in the premises of (A) a decree or order for relief in respect of the
Company in an involuntary case or proceeding under Bankruptcy Law or (B) a decree or order adjudging the Company a bankrupt or insolvent, or approving as properly filed a petition seeking reorganization, arrangement,

  

 43 

 
adjustment or composition of or in respect of the Company under any applicable federal or state law, or appointing a custodian, receiver, liquidator, assignee, trustee, sequestrator or other
similar official of the Company or of any substantial part of their property, or ordering the winding up or liquidation of their affairs, and the continuance of any such decree or order for relief or any such other decree or order unstayed and in
effect for a period of 90 consecutive days; or 
 (7) the commencement by the Company of a voluntary case or
proceeding under Bankruptcy Law or of any other case or proceeding to be adjudicated a bankrupt or insolvent, or the consent by them to the entry of a decree or order for relief in respect of the Company is an involuntary case or proceeding under
Bankruptcy Law or to the commencement of any bankruptcy or insolvency case or proceeding against them, or the filing by them of a petition or answer or consent seeking reorganization or relief under any applicable Federal or State law, or the
consent by them to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee, sequestrator or similar official of the Company or of any substantial part of their property, or
the making by them of an assignment for the benefit of creditors, or the admission by them in writing of their inability to pay their debts generally as they become due; or 

(8) there occurs any other Event of Default provided pursuant to Section 301 or 901 with respect to Securities of
that series. 
 SECTION 502. Acceleration of Maturity; Rescission and Annulment. If an Event of Default described in
clause (1), (2), (3), (4), (5) or (8) of Section 501 with respect to Securities of any series at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 25% in principal
amount of the Outstanding Securities of that series may declare the principal amount (or, if the Securities of that series are Original Issue Discount Securities or Indexed Securities, such portion of the principal amount as may be specified in the
terms of that series) of all of the Outstanding Securities of that series and any accrued and unpaid cash interest through the date of such declaration, to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if
given by Holders), and upon any such declaration such principal amount shall become immediately due and payable. 
 At any time
after such a declaration of acceleration with respect to Securities of any series (or of all series, as the case may be) has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter
in this Article provided, the Holders of a majority in principal amount of the Outstanding Securities of that series (or of all series, as the case may be) by written notice to the Company and the Trustee, may rescind and annul such
declaration and its consequences if: 
 (1) the Company has paid or deposited with the Trustee a sum sufficient
to pay in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and
312(e)), 
 (A) all overdue interest, if any, on all Outstanding Securities of that series (or of all
series, as the case may be) and any related coupons, 
  

 44 

 (B) all unpaid principal of (and premium, if any) any Outstanding Securities
of that series (or of all series, as the case may be) which has become due otherwise than by such a declaration of acceleration, and interest on such unpaid principal (or premium) at the rate or rates prescribed therefor in such Securities or,
if no such rate or rates are so prescribed, at the rate borne by the Securities during the period of such default, 

(C) to the extent that payment of such interest is enforceable under applicable law, interest upon overdue interest to the
date of such payment or deposit at the rate or rates prescribed therefor in such Securities or, if no such rate or rates are so prescribed, at the rate borne by the Securities during the period of such default, and 

(D) all sums paid or advanced by the Trustee hereunder and the reasonable compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel; and 
 (2) all Events of Default with respect to Securities of
that series (or of all series, as the case may be), other than the non-payment of the principal of (or premium, if any, on) or interest, if any, on Securities of that series (or of all series, as the case may be) which have become due
solely by such an acceleration, have been cured or waived as provided in Section 513. 
 If an Event of Default described in
clause (6) or (7) occurs and is continuing, then the principal amounts (or, if the Securities of that series are Original Issue Discount Securities or Indexed Securities, such portion of the principal amount as may be specified in the
terms of that series) of all the Securities then Outstanding, together with any accrued interest through the occurrence of such Event of Default, shall become and be due and payable immediately, without any declaration or other act by the Trustee or
any other Holder. 
 SECTION 503. Collection of Indebtedness and Suits for Enforcement by Trustee. The Company
covenants that (1) in case default shall be made in the payment of any installment of interest on any Security of any series and any related coupon, as and when the same shall become due and payable, and such default shall have continued for a
period of 30 days, or (2) in case default shall be made in the payment of the principal (or premium, if any, on) any Security of any series at its Maturity then, upon demand of the Trustee, the Company will pay to the Trustee (such demand and
payment in the case of Bearer Securities to occur only outside of the United States, for the benefit of the Holders of Securities of such series and coupons, the whole amount that then shall have become due and payable on such Securities and coupons
of that series for principal and any premium or interest, or both, as the case may be, with interest upon the overdue principal and (to the extent that payment of such interest is enforceable under applicable law) upon overdue installments of
interest at the rate borne by or provided for in such Securities during the period of such default, and, in addition thereto, such further amount as shall be sufficient to cover reasonable compensation to the Trustee, its agents, attorneys and
counsel, and all other expenses and liabilities incurred, and all advances made, by the Trustee except as a result of its negligence or bad faith. 
  

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 If an Event of Default with respect to Securities of any series (or of all series, as
the case may be) occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such series (or of all series, as the case may be) and any related coupons by
such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted
herein, or to enforce any other proper remedy. 
 SECTION 504. Trustee May File Proofs of Claim. In case of the
pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities of a series or the property of the
Company or such other obligor or their creditors, the Trustee, irrespective of whether the principal of the Securities of any series shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the
Trustee shall have made any demand on the Company for the payment of any overdue principal, premium, if any, or interest, shall be entitled and empowered, by intervention in such proceeding or otherwise, 

(1) to file and prove a claim for the whole amount of principal (and premium, if any) (or if the case of Original Issue
Discount Securities or Indexed Securities, such portion of the principal amount as may be specified in the terms of such series) and interest, if any, owing and unpaid in respect of the Securities and to file such other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial
proceeding; and 
 (2) to collect and receive any moneys or other property payable or deliverable on any such
claims and to distribute the same (which distribution, in the case of Bearer Securities or coupons appertaining thereto, shall occur only outside the United States); 

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the agreed upon compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 606. 

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

 

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 SECTION 505. Trustee May Enforce Claims Without Possession of Securities. All
rights of action and claims under this Indenture or the Securities or coupons may be prosecuted and enforced by the Trustee without the possession of any of the Securities or coupons or the production thereof in any proceeding relating thereto, and
any such proceeding instituted by the Trustee shall be brought in its own name and as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the agreed upon compensation, expenses, disbursements and
advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities and coupons in respect of which such judgment has been recovered. 

SECTION 506. Application of Money Collected. Any money collected by the Trustee pursuant to this Article shall be
applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money on account of principal or any premium and interest, upon presentation of the Securities or coupons, or both, as the case may be
(such presentation, in the case of Bearer Securities or coupons, to occur only outside the United States) and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid: 

First: To the payment of all amounts due the Trustee under Section 606; 

Second: To the payment (such payment, in the case of Bearer Securities or coupons, to occur only outside the United
States) of the amounts then due and unpaid for principal of and any premium and interest on the Securities and coupons in respect of which or for the benefit of which such money has been collected, ratably, without preference or priority of any
kind, according to the amounts due and payable on such Securities and coupons for principal and any premium and interest, respectively; and 

Third: To the payment of the remainder, if any, to the Company, or as a court of competent jurisdiction may direct in
writing. 
 SECTION 507. Limitation on Suits. No Holder of any Security of any series or any related coupons shall
have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 

(1) such Holder shall have previously given written notice to the Trustee of a continuing Event of Default with respect to
the Securities of that series; 
 (2) the Holders of not less than 25% in principal amount of the Outstanding
Securities of that series in the case of any Event of Default described in clause (1), (2), (3), (4), (5) or (8) of Section 501, or, in the case of any Event of Default described in clause (6) or (7) of
Section 501, the Holders of not less than 25% in principal amount of all Outstanding Securities, shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;

 (3) such Holder or Holders shall have offered to the Trustee reasonable indemnity satisfactory to it against
the costs, expenses and liabilities to be incurred in compliance with such request; 
  

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 (4) the Trustee for 60 days after its receipt of such notice, request and
offer of indemnity shall have failed to institute any such proceeding; and 
 (5) no direction inconsistent with
such written request shall have been given to the Trustee pursuant to Section 512 during such 60-day period by the Holders of a majority in principal amount of the Outstanding Securities of that series, in the case of any Event of Default
described in clause (1), (2), (3), (4), (5) or (8) of Section 501, or, in the case of any Event of Default described in clause (6) or (7) of Section 501 by the Holders of a majority in principal amount of all
Outstanding Securities; 
 it being understood and intended that no one or more of such Holders shall have any right in any manner whatever by
virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other Holders of Securities of the same series, in the case of any Event of Default described in clause (1), (2), (3), (4),
(5) or (8) of Section 501, or of Holders of all Securities in the case of any Event of Default described in clause (6) or (7) of Section 501, or to obtain or to seek to obtain priority or preference over any other of
such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable and common benefit of all of such Holders of Securities of that same series in the case of any Event of Default described
in clause (1), (2), (3), (4), (5) or (8) of Section 501, or of Holders of all Securities in the case of any Event of Default described in clause (6) or (7) of Section 501. 

SECTION 508. Unconditional Right of Holders to Receive Principal, Premium and Interest. Notwithstanding any other provision
in this Indenture, the Holder of any Security or coupon shall have the right, which is absolute and unconditional, to receive payment as provided herein and in such Security of the principal and any premium and interest on such Security or payment
of any related coupon on the respective Stated Maturity or Maturities expressed in such Security or coupon (or, in the case of redemption or repayment at the option of the Holder, on the Redemption Date or Repayment Date, as the case may be) and to
institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. 

SECTION 509. Restoration of Rights and Remedies. If the Trustee or any Holder has instituted any proceeding to enforce any
right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such
proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding
had been instituted. 
 SECTION 510. Rights and Remedies Cumulative. Except as otherwise provided with respect to
replacement or payment of mutilated, destroyed, lost or stolen Securities or coupons in Section 306, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders of Securities and coupons is intended to be exclusive of
any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion
or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other appropriate right or remedy. 
  

 48 

 SECTION 511. Delay or Omission Not Waiver. No delay or omission of the Trustee
or of any Holder of any Security or coupon to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and
remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders of Securities or coupons, as the case may be. 

SECTION 512. Control by Holders. With respect to the Securities of any series, the Holders of a majority in principal amount
of the Outstanding Securities of such series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee relating to or
arising under clause (1), (2), (3), (4), (5) or (8) of Section 501 and, with respect to all Securities; and the Holders of a majority in principal amount of all Outstanding Securities shall have the right to direct the time,
method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, not relating to or arising under clause (1), (2), (3), (4), (5) or (8) of
Section 501; provided, in each case: 
 (1) such direction shall not be in conflict with any rule of law or
with this Indenture, 
 (2) the Trustee may take any other action deemed proper by the Trustee which is not
inconsistent with such direction, 
 (3) with respect to actions relating to the Outstanding Securities of any
one series, such direction is not unduly prejudicial to the rights of Holders of Securities of such series not taking part in such direction, and 

(4) such direction would not involve the Trustee in personal liability, as the Trustee, upon being advised by counsel,
shall reasonably determine. 
 SECTION 513. Waiver of Past Defaults. Subject to Section 502, the Holders of a
majority in principal amount of Outstanding Securities of any series may on behalf of the Holders of all the Securities of such series waive any past default with respect to such series described in clause (1), (2), (3), (4), (5) or
(8) of Section 501 (or, in the case of a default described in clause (6) or (7) of Section 501, the Holders of a majority in principal amount of all Outstanding Securities may waive any such past default with respect to all
series) and its consequences, except, in each case, a default: 
 (1) in respect of the payment of the principal
of or any premium and interest on any Security or any related coupon, or 
 (2) in respect of a covenant or
provision hereof which under Article Nine cannot be modified or amended without the consent of the Holder of each Outstanding Security of such series, or all series, as the case may be, affected. 

 

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 Upon any such waiver, any such default shall cease to exist, and any Event of Default
arising therefrom shall be deemed to have been cured, for every purpose of this Indenture, and the Company, the Trustee and Holders shall be restored to their former positions and rights hereunder, respectively; but no such waiver shall extend to
any subsequent or other default or Event of Default or impair any right consequent thereon. 
 SECTION 514. Undertaking
for Costs. All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under
this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion
assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of
this Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the Outstanding Securities, or to any suit instituted
by any Holder for the enforcement of the payment of the principal of (or premium if any, on) or interest on any Securities on or after the Stated Maturity or Maturities expressed in such Security (or, in the case of redemption or repayment, on or
after the Redemption Date or Repayment Date, as the case may be). 
 SECTION 515. Waiver of Stay or Extension Laws.
The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any
time hereafter in force, which may affect the covenants or the performance of this Indenture; and the Company (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not
hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

ARTICLE SIX 
 THE
TRUSTEE 
 SECTION 601. Notice of Defaults. Within 90 days after the occurrence of any Default hereunder with
respect to the Securities of any series, the Trustee shall transmit, in the manner and to the extent provided in TIA Section 313(c), notice of such default hereunder known to a Responsible Officer of the Trustee, unless such Default shall have
been cured or waived; provided, however, that, except in the case of a Default in the payment of the principal of (or premium, if any) or interest, if any, on any Security of such series or in the payment of any sinking fund
installment with respect to Securities of such series, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive committee or a trust committee of directors and/or Responsible Officers of the
Trustee in good faith determine that the withholding of such notice is in the best interest of the Holders of Securities of such series and any related coupons; and, provided further, that in the case of any default or breach of the
character specified in Section 501(4) with respect to Securities and coupons of such series, no such notice to Holders shall be given until at least 30 days after the occurrence thereof. 

 

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 SECTION 602. Certain Duties, Responsibilities and Rights of Trustee. Subject to
the provisions of TIA Sections 315(a) through 315(d): 
 (1) except during the continuance of an Event
of Default, 
  

	 	(a)	the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants or obligations shall be
read into this Indenture against the Trustee; and 

  

	 	(b)	in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein,
upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture; but in the case of any such certificates or opinions which by any provision hereof are specifically required to be furnished to the Trustee,
the Trustee shall be under a duty to examine the same to determine whether or not they conform to the requirements of this Indenture; 

(2) if any Event of Default has occurred and is continuing with respect to the Securities of any series, the Trustee shall
exercise such of the rights and powers vested in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs;

 (3) the Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure
to act, or its own willful misconduct, except that: 
  

	 	(a)	this subparagraph (3) does not limit the effect of subparagraph (1) of this paragraph or the penultimate paragraph of this Section 602;

  

	 	(b)	the Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was negligent in
ascertaining the pertinent facts; and 

  

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

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

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 (5) any request or direction of the Company mentioned herein shall be
sufficiently evidenced by a Company Request or Company Order and any resolution of the Board of Directors of the Company may be sufficiently evidenced by a Board Resolution of the Company; 

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

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

(8) the Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request or direction of any of the Holders of Securities of any series or any related coupons pursuant to this Indenture, unless such Holders shall have offered to the Trustee reasonable security or indemnity satisfactory to it against the costs,
expenses and liabilities which might be incurred by it in compliance with such request or direction; 
 (9) the
Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of
indebtedness or other paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or
investigation, it shall be entitled to examine the books, records and premises of the Company personally or by agent or attorney; 

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

(11) the Trustee shall not be liable for any action taken, suffered or omitted by it in good faith and believed by it to
be authorized or within the discretion or rights or powers conferred upon it by this Indenture; 
 (12) in the
event that the Trustee is also acting as Paying Agent, Security Registrar or in any other capacity hereunder, the rights, privileges, protections, immunities and benefits afforded to the Trustee pursuant to this Article Six, including, without
limitation, its right to be indemnified, shall also be afforded to the Trustee in its capacity as such Paying Agent, Security Registrar or in such other capacity; 

 

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 (13) other than in the case of an Event of Default described under clauses
(1), (2) or (3) of Section 501, the Trustee shall not be deemed to know or be charged with knowledge of any Default or Event of Default with respect to the Securities of any series for which it is acting as Trustee unless a
Responsible Officer of the Trustee shall have received written notice thereof at the Corporate Trust Office of the Trustee from the Company or a Holder of such Securities and such notice references this Indenture and such Securities; and 

(14) the Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties
hereunder. 
 The Trustee shall not be required to expend or risk its own funds or otherwise incur any financial liability in
the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably
assured to it. 
 Whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or
affecting the liability of or affording protection to the Trustee shall be subject to the provisions of this Section 602. 

SECTION 603. Trustee Not Responsible for Recitals or Issuance of Securities. The recitals contained herein and in the
Securities, except for the Trustee’s certificates of authentication, and in any coupons shall be taken as the statements of the Company and neither the Trustee nor any Authenticating Agent assumes any responsibility for their correctness. The
Trustee makes no representations as to the validity or sufficiency of this Indenture or of the Securities or coupons, except that the Trustee represents that it is duly authorized to execute and deliver this Indenture, authenticate the Securities
and perform its obligations hereunder and that the statements made by it in a Statement of Eligibility on Form T-1 supplied to the Company are true and accurate, subject to the qualifications set forth therein. Neither the Trustee nor any
Authenticating Agent shall be accountable for the use or application by the Company of Securities or the proceeds thereof. 

SECTION 604. May Hold Securities. The Trustee, any Authenticating Agent, any Paying Agent, any Security Registrar or any
other agent of the Company or of the Trustee, in its individual or any other capacity, may become the owner or pledgee of Securities and coupons and, subject to TIA Sections 310(b) and 311, may otherwise deal with the Company with the same
rights it would have if it were not Trustee, Authenticating Agent, Paying Agent, Security Registrar or such other agent. 

SECTION 605. Money Held in Trust. Money held by the Trustee in trust hereunder need not be segregated from other funds except
to the extent required by law. The Trustee shall be under no liability for interest on any money received by it hereunder except as otherwise agreed in writing with the Company for the investment thereof. 

SECTION 606. Compensation and Reimbursement. The Company agrees: 

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

 

 53 

 (2) except as otherwise expressly provided herein, to reimburse the Trustee
upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee in accordance with any provision of this Indenture (including the reasonable compensation and the expenses and disbursements of its agents and
counsel), except any such expense, disbursement or advance as may be attributable to its gross negligence or willful misconduct; and 

(3) to indemnify the Trustee and any predecessor trustee and its and their officers, directors, employees, and agents for,
and to hold it or them harmless against, any loss, liability or expense incurred without gross negligence or willful misconduct on its or their part, arising out of or in connection with the acceptance or administration of the trust or trusts
hereunder, including the costs and expenses (including reasonable fees and expenses of counsel) of defending itself or themselves against any claim or liability in connection with the exercise or performance of any of its or their powers or duties
hereunder. 
 The obligations of the Company under this Section to compensate the Trustee, to pay or reimburse the Trustee
for expenses, disbursements and advances and to indemnify and hold harmless the Trustee shall constitute additional indebtedness hereunder and shall survive the satisfaction and discharge of this Indenture, the resignation or removal of the Trustee
and the termination of this Indenture for any reason. As security for the performance of such obligations of the Company, the Trustee shall have a claim and lien prior to the Securities upon all property and funds held or collected by the Trustee as
such, except funds held in trust for the payment of principal of (or premium, if any) or interest, if any, on particular Securities or any coupons. 

When the Trustee incurs expenses or renders services in connection with an Event of Default specified in Section 501(6) or (7),
the expenses (including reasonable charges and expense of its counsel) of and the compensation for such services are intended to constitute expenses of administration under any applicable U.S. federal or state bankruptcy, insolvency or other similar
law. 
 The provisions of this Section shall survive the satisfaction and discharge of this Indenture, the termination of
this Indenture for any reason and the earlier resignation or removal of the Trustee. 
 SECTION 607. Corporate Trustee
Required; Eligibility; Conflicting Interests; Disqualification. There shall be at all times a Trustee hereunder which shall be eligible to act as Trustee under TIA Section 310(a)(1) and shall have a combined capital and surplus of at
least $50,000,000. If such corporation publishes reports of condition at least annually, pursuant to law or to the requirements of U.S. federal, state, territorial or District of Columbia supervising or examining authority, then for the purposes of
this Section, the combined capital and surplus of such corporation shall be deemed to be its combined capital and surplus as set forth in its most 

 

 54 

 
recent report of condition so published. If at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and
with the effect hereinafter specified in this Article. If the Trustee shall have or acquire any conflicting interest within the meaning of the Trust Indenture Act, it shall either eliminate such conflicting interest or resign to the extent, in the
manner and with the effect, and subject to the conditions, provided in the Trust Indenture Act and this Indenture. For purposes of Section 310(b)(1) of the Trust Indenture Act and to the extent permitted thereby, the Trustee, in its
capacity as trustee in respect of the Securities of any series, shall not be deemed to have a conflicting interest arising from its capacity as trustee in respect of the Securities of any other series. Nothing contained herein shall prevent the
Trustee from filing the application provided for in the second to last sentence of Section 310(b) of the Trust Indenture Act. 

SECTION 608. Resignation and Removal; Appointment of Successor. No resignation or removal of the Trustee and no appointment
of a successor Trustee pursuant to this Article shall become effective until the acceptance of appointment by the successor Trustee in accordance with the applicable requirements of Section 609 and any and all amounts then due and owing to
the Trustee hereunder have been paid in full. 
 (a) The Trustee may resign at any time with respect to the Securities of one or
more series by giving written notice thereof to the Company. If the instrument of acceptance by a successor Trustee required by Section 609 shall not have been delivered to the Trustee within 30 days after the giving of such notice of
resignation, the resigning Trustee may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 

(b) The Trustee may be removed at any time with respect to the Securities of any series by Act of the Holders of a majority in principal
amount of the Outstanding Securities of such series, delivered to the Trustee and to the Company. If the instrument of acceptance by a successor Trustee required by Section 609 shall not have been delivered to the Trustee within 60 days after
the giving of such notice of removal, the Trustee being removed may petition, at the expense of the Company, any court of competent jurisdiction for the appointment of a successor Trustee with respect to the Securities of such series. 

(c) If at any time: 

(1) the Trustee shall fail to comply with the provisions of TIA Section 310(b) after written request therefor by
the Company or any Holder who has been a bona fide Holder of a Security for at least six months, or 
 (2) the
Trustee shall cease to be eligible under Section 607 and shall fail to resign after written request therefor by the Company or any Holder who has been a bona fide Holder of a Security for at least six months, or 

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

 

 55 

 then, in any such case, (i) the Company, by a Board Resolution, may remove the Trustee with respect to
all Securities, or (ii) subject to TIA Section 315(e), any Holder who has been a bona fide Holder of a Security for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent
jurisdiction for the removal of the Trustee with respect to all Securities and the appointment of a successor Trustee or Trustees. 

(d) If the Trustee shall resign, be removed or become incapable of acting, or if a vacancy shall occur in the office of Trustee for any
cause, with respect to the Securities of one or more series, the Company, by a Board Resolution, shall promptly appoint a successor Trustee or Trustees with respect to the Securities of that or those series (it being understood that any such
successor Trustee may be appointed with respect to the Securities of one or more or all of such series and that at any time there shall be only one Trustee with respect to the Securities of any particular series). If, within one year after such
resignation, removal or incapability, or the occurrence of such vacancy, a successor Trustee with respect to the Securities of any series shall be appointed by Act of the Holders of a majority in principal amount of the Outstanding Securities of
such series delivered to the Company and the retiring Trustee, the successor Trustee so appointed shall, forthwith upon its acceptance of such appointment, become the successor Trustee with respect to the Securities of such series and to that extent
supersede the successor Trustee appointed by the Company. If no successor Trustee with respect to the Securities of any series shall have been so appointed by the Company or the Holders and accepted appointment in the manner hereinafter provided,
any Holder who has been a bona fide Holder of a Security of such series for at least six months may, on behalf of himself and all others similarly situated, petition any court of competent jurisdiction for the appointment of a successor Trustee with
respect to the Securities of such series. 
 (e) The Company shall give notice of each resignation and each removal of the
Trustee with respect to the Securities of any series and each appointment of a successor Trustee with respect to the Securities of any series to the Holders of Securities of such series in the manner provided for in Section 106. Each notice
shall include the name of the successor Trustee with respect to the Securities of such series and the address of its Corporate Trust Office. 

SECTION 609. Acceptance of Appointment by Successor. In case of the appointment hereunder of a successor Trustee with respect
to all Securities, every such successor Trustee so appointed shall execute, acknowledge and deliver to the Company and the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal of the retiring Trustee
shall become effective and such successor Trustee, without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor Trustee,
such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor Trustee all the rights, powers and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such
successor Trustee all property and money held by such retiring Trustee hereunder, subject nevertheless to its claim and lien provided for in Section 606. 

(a) In case of the appointment hereunder of a successor Trustee with respect to the Securities of one or more (but not all) series, the
Company, the retiring Trustee and each 
  

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successor Trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental hereto wherein each successor Trustee shall accept such appointment and
which (1) shall contain such provisions as shall be necessary or desirable to transfer and confirm to, and to vest in, each successor Trustee all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of
that or those series to which the appointment of such successor Trustee relates, (2) if the retiring Trustee is not retiring with respect to all Securities, shall contain such provisions as shall be deemed necessary or desirable to confirm that
all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring shall continue to be vested in the retiring Trustee, and (3) shall add to
or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall
constitute such Trustees co-trustees of the same trust and that each such Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any other such Trustee; and upon the execution
and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become effective to the extent provided therein and each such successor Trustee, without any further act, deed or conveyance, shall become vested
with all the rights, powers, trusts and duties of the retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor Trustee relates; but, on request of the Company or any successor Trustee, such
retiring Trustee shall duly assign, transfer and deliver to such successor Trustee all property and money held by such retiring Trustee hereunder with respect to the Securities of that or those series to which the appointment of such successor
Trustee relates, subject nevertheless to its claim and lien provided for in Section 606. Whenever there is a successor Trustee with respect to one or more (but less than all) series of securities issued pursuant to this Indenture, the terms
“Indenture” and “Securities” shall have the meanings specified in the provisos to the respective definitions of those terms in Section 101 which contemplate such situation. 

(b) Upon request of any such successor Trustee, the Company shall execute any and all instruments for more fully and certainly vesting in
and confirming to such successor Trustee all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be. 

(c) No successor Trustee shall accept its appointment unless at the time of such acceptance such successor Trustee shall be qualified and
eligible under this Article. 
 SECTION 610. Merger, Conversion, Consolidation or Succession to Business. Any
corporation into which the Trustee may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which the Trustee shall be a party, or any corporation succeeding to all
or substantially all the corporate trust business of the Trustee, shall be the successor of the Trustee hereunder, provided such corporation shall be otherwise qualified and eligible under this Article, without the execution or filing of any paper
or any further act on the part of any of the parties hereto. In case any Securities or coupons shall have been authenticated, but not delivered, by the Trustee then in office, any successor by merger, conversion or consolidation to such
authenticating Trustee may adopt such authentication and deliver the Securities or coupons so authenticated with the same 
  

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effect as if such successor Trustee had itself authenticated such Securities or coupons. In case any of the Securities shall not have been authenticated by such predecessor Trustee, any successor
Trustee may authenticate and deliver such Securities or coupons either in the name of any predecessor hereunder or in the name of the successor Trustee. In all such cases such certificates shall have the full force and effect which this Indenture
provides for the certificate of authentication of the Trustee; provided, however, that the right to adopt the certificate of authentication of any predecessor Trustee or to authenticate Securities in the name of any predecessor Trustee
shall apply only to its successor or successors by merger, conversion or consolidation. 
 SECTION 611. Appointment of
Authenticating Agent. At any time when any of the Securities remain Outstanding, the Trustee may appoint an Authenticating Agent or Agents with respect to one or more series of Securities which shall be authorized to act on behalf of the Trustee
to authenticate Securities of such series and the Trustee shall give written notice of such appointment to all Holders of Securities of the series with respect to which such Authenticating Agent will serve, in the manner provided for in
Section 106. Securities so authenticated shall be entitled to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder. Any such appointment shall be evidenced by an
instrument in writing signed by a Responsible Officer of the Trustee, and a copy of such instrument shall be promptly furnished to the Company. Wherever reference is made in this Indenture to the authentication and delivery of Securities by the
Trustee or the Trustee’s certificate of authentication, such reference shall be deemed to include authentication and delivery on behalf of the Trustee by an Authenticating Agent and a certificate of authentication executed on behalf of the
Trustee by an Authenticating Agent. Each Authenticating Agent shall be acceptable to the Company and shall at all times be a corporation organized and doing business under the laws of the United States of America, any state thereof or the District
of Columbia, authorized under such laws to act as Authenticating Agent, having a combined capital and surplus of not less than $50,000,000 and subject to supervision or examination by U.S. federal or state authority. If such corporation publishes
reports of condition at least annually, pursuant to law or to the requirements of said supervising or examining authority, then for the purposes of this Section, the combined capital and surplus of such corporation shall be deemed to be its combined
capital and surplus as set forth in its most recent report of condition so published. If at any time an Authenticating Agent shall cease to be eligible in accordance with the provisions of this Section, it shall resign immediately in the manner and
with the effect specified in this Section. 
 Any corporation into which an Authenticating Agent may be merged or converted or
with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation to which such Authenticating Agent shall be a party, or any corporation succeeding to all or substantially all the corporate agency or
corporate trust business of an Authenticating Agent, shall continue to be an Authenticating Agent, provided such corporation shall be otherwise eligible under this Section, without the execution or filing of any paper or any further act on the part
of the Trustee or the Authenticating Agent. 
 An Authenticating Agent may resign at any time by giving written notice thereof
to the Trustee and to the Company. The Trustee may at any time terminate the agency of an Authenticating Agent by giving written notice thereof to such Authenticating Agent and to the 

 

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

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

 If an appointment with respect to one or more series is made pursuant to this Section, the Securities of such series may have
endorsed thereon, in addition to the Trustee’s certificate of authentication, an alternate certificate of authentication in the following form: 

Dated:
                                        

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

 

			
	 Deutsche Bank Trust Company Americas,

as Trustee

		
	By	 	  

		 	 as Authenticating Agent

		
	By	 	  

		 	 Authorized Signatory

ARTICLE SEVEN 

HOLDERS’ LISTS AND REPORTS BY TRUSTEE AND COMPANY 

SECTION 701. Disclosure of Names and Addresses of Holders. Every Holder of Securities or coupons, by receiving and holding
the same, agrees with the Company and the Trustee that neither of the Company, or the Trustee or any agent of either of them shall be held accountable by reason of the disclosure of any such information as to the names and addresses of the Holders
in accordance with TIA Section 312, regardless of the source from which such information was derived, and that the Trustee shall not be held accountable by reason of mailing any material pursuant to a request made under TIA Section 312(b).

  

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 SECTION 702. Reports by Trustee. Within 60 days after May 15 of each year
commencing with the first May 15 after the first issuance of Securities pursuant to this Indenture, the Trustee shall transmit to the Holders of Securities, in the manner and to the extent provided in TIA Section 313(c), a brief report
dated as of such May 15 if required by TIA Section 313(a). The Company will promptly notify the Trustee in writing when any series of Securities are listed on any stock exchange and of any delisting thereof. 

A copy of each such report shall, at the time of such transmission to Holders, be filed by the Trustee with each stock exchange if any,
upon which the Securities are listed and with the Company. 
 SECTION 703. Reports by Company. The Company shall:

 (1) Unless available on EDGAR, file with the Trustee, within 15 days after the Company, as the case may be,
has filed the same with the Commission, copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing as the Commission may from time to time by rules and regulations prescribe)
which the Company may be required to file with the Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; or, if the Company is no longer required to file information, documents or reports pursuant to either of such
Sections, then it shall file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the Commission, such of the supplementary and periodic information, documents and reports which may be
required pursuant to Section 13 of the Exchange Act in respect of a security listed and registered on a national securities exchange as may be prescribed from time to time in such rules and regulations; 

(2) file with the Trustee and the Commission, in accordance with rules and regulations prescribed from time to time by the
Commission, such additional information, documents and reports with respect to compliance by the Company with the conditions and covenants of this Indenture as may be required from time to time by such rules and regulations; and 

(3) transmit to all Holders, in the manner and to the extent provided in TIA Section 313(c), within 30 days after the
filing thereof with the Trustee, such summaries of any information, documents and reports required to be filed by the Company pursuant to paragraphs (1) and (2) of this Section as may be required by rules and regulations
prescribed from time to time by the Commission. 
 Delivery of such reports, information and documents to the Trustee, which if
pursuant to an EDGAR filing, the Trustee is not required to confirm, is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from
information contained therein, including compliance by the Company with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 

 

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 ARTICLE EIGHT 

CONSOLIDATION, MERGER, CONVEYANCE, TRANSFER OR LEASE 

SECTION 801. Company May Consolidate, etc., Only on Certain Terms. The Company may not consolidate with or merge into any
other Person or convey, transfer or lease its properties and assets as an entirety or substantially as an entirety to any Person, unless: 

(1) The successor or transferee Person, if other than the Company formed by such consolidation or into which the Company
is merged or to which the Company’s properties and assets are conveyed, transferred or leased as an entirety or substantially as an entirety is a corporation organized and existing under the laws of the United States, any state thereof or the
District of Columbia and expressly assumes by an indenture supplemental hereto, executed and delivered to the Trustee, in form satisfactory to the Trustee, the due and punctual payment of the principal of (and premium, if any) and interest on each
series of Outstanding Securities and the performance of every covenant of this Indenture on the part of the Company to be performed or observed by the Company; 

(2) immediately after giving effect to such transaction, no Event of Default and no event which, after notice or lapse of
time or both, would become an Event of Default shall have occurred and be continuing; and 
 (3) the Company has
delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease as an entirety or substantially as an entirety and, if a supplemental indenture is required
in connection with such transaction, such supplemental indenture comply with this Article and that all conditions precedent herein provided for relating to such transaction have been complied with. 

SECTION 802. Successor Person Substituted. Upon any consolidation by the Company with or merger by the Company with or into
any other corporation or any conveyance, transfer or lease of the properties and assets of the Company as an entirety or substantially as an entirety to any Person in accordance with Section 801, the successor Person formed by such
consolidation or into which the Company is merged or to which such conveyance, transfer or lease is made shall succeed to, and be substituted for, and may exercise every right and power of, and be subject to every obligation of, the Company under
this Indenture with the same effect as if such successor Person had been named as the Company herein, and in the event of any such conveyance or transfer, the Company (which terms shall for this purpose mean the Person named as the
“Company” in the first paragraph of this Indenture or any previous successor Person which had become such in the manner described in Section 801), except in the case of a lease, shall be discharged of all obligations and covenants
under this Indenture and the Securities and any coupons appertaining thereto and may be dissolved and liquidated. 
  

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 ARTICLE NINE 

SUPPLEMENTAL INDENTURES 

SECTION 901. Supplemental Indentures Without Consent of Holders. Without the consent of any Holders, the Company when
authorized by or pursuant to a Board Resolution, and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Trustee, for any of the following purposes: 

(1) to evidence the succession of another Person to the Company and the assumption by any such successor of the covenants
of the Company contained herein and in the Securities and any related coupons in accordance with Article Eight; or 

(2) to add to the covenants of the Company for the benefit of the Holders of all or any series of Securities and any
related coupons (and if such covenants are to be for the benefit of less than all series of Securities, stating that such covenants are being included solely for the benefit of such series) or to surrender any right or power herein conferred upon
the Company; or 
 (3) to add any additional Events of Default for the benefit of the Holders of all or any
series of Securities and any related coupons (and if such Events of Default are to be for the benefit of less than all series of Securities, stating that such Events of Default are being included solely for the benefit of such series); or

 (4) to add to or change any of the provisions of this Indenture to provide that Bearer Securities may be
registrable as to principal, to change or eliminate any restrictions on the payment of principal of or any premium or interest on Bearer Securities, to permit Bearer Securities to be issued in exchange for Registered Securities, to permit Bearer
Securities to be issued in exchange for Bearer Securities of other authorized denominations or to permit or facilitate the issuance of Securities in uncertificated form, provided that any such action shall not adversely affect the interests of the
Holders of Securities of any series or any related coupons in any material respect; or 
 (5) to change or
eliminate any of the provisions of this Indenture; provided that any such change or elimination shall become effective only when there is no Security Outstanding of any series created prior to the execution of such supplemental indenture which is
entitled to the benefit of any such provision; or 
 (6) to secure the Securities pursuant to the requirements of
Section 1006 or otherwise; or 
 (7) to establish the form or terms of Securities of any series and any
related coupons as permitted by Sections 201 and 301, including the provisions and procedures relating to Securities convertible into or exchangeable for any securities of any Person (including the Company); or 

 

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 (8) to evidence and provide for the acceptance of appointment hereunder by a
successor Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one
Trustee, pursuant to the requirements of Section 609(b); or 
 (9) to cure any ambiguity, to correct or
supplement any provision herein which may be inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Indenture, provided such action shall not adversely affect the
interests of the Holders of Securities of any series and any related coupons in any material respect; or 
 (10)
to supplement any of the provisions of this Indenture to such extent as shall be necessary to permit or facilitate the defeasance and discharge of any series of Securities pursuant to Sections 401, 1402 and 1403; provided that any such action
shall not adversely affect the interests of the Holders of Securities of such series and any related coupons or any other series of Securities in any material respect. 

SECTION 902. Supplemental Indentures with Consent of Holders. With the consent of the Holders of a majority in principal
amount of all Outstanding Securities affected by such supplemental indenture, by Act of said Holders delivered to the Company and the Trustee and the Company when authorized by or pursuant to a Board Resolution, and the Trustee may enter into an
indenture or indentures supplemental hereto for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture which affect such Securities or of modifying in any manner the rights of the
Holders of such Securities under this Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each Outstanding Security affected thereby, 

(1) change the Stated Maturity of the principal of (or premium, if any) or any installment of principal of or interest on
any Security of such series; or the terms of any sinking fund with respect to any Security; or reduce the principal amount thereof (or premium, if any) or the rate of interest (or manner of calculating the rate of interest), if any, thereon, or any
premium payable upon the redemption thereof, or repayment thereof at the option of the Holder, or the date(s) or period(s) for any redemption or repayment thereof, or change any obligation of the Company to pay Additional Amounts contemplated by
Section 1010 (except as contemplated by Section 801(1) and permitted by Section 901(1)), or reduce the amount of the principal of an Original Issue Discount Security of such series that would be due and payable upon an
acceleration of the Maturity thereof pursuant to Section 502, or upon the redemption thereof, or the amount thereof provable in bankruptcy pursuant to Section 504, or adversely affect any right of repayment at the option of any Holder of
any Security of such series, or change any Place of Payment where, or the Currency in which, any Security of such series or any premium or interest thereon is payable; or impair the right to institute suit for the enforcement of any such payment on
or after the Stated Maturity thereof (or, in the case of redemption or repayment at the option of the Holder, on or after the Redemption Date or Repayment Date, as the case may be), or modify the provisions of this Indenture with respect to the
mandatory redemption of Securities or repayment of the 
  

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Securities at the option of the Holder in a manner adverse to any Holder of any Securities or any coupons appertaining thereto, adversely affect any right to convert or exchange any Security as
may be provided pursuant to Section 301 herein, or 
 (2) reduce the percentage in principal amount of the
Outstanding Securities of any series the consent of whose Holders is required for any such supplemental indenture or for any waiver of compliance with certain provisions of this Indenture which affect such series or certain defaults applicable to
such series hereunder and their consequences provided for in this Indenture, or reduce the requirements of Section 1504 for quorum or voting with respect to Securities of such series, or 

(3) modify any of the provisions of this Section or Section 513, except to increase any such percentage or to
provide that certain other provisions of this Indenture which affect such series cannot be modified or waived without the consent of the Holder of each Outstanding Security affected thereby. 

It shall not be necessary for any Act of Holders under this Section to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
 SECTION 903. Execution of
Supplemental Indentures. In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall receive, and
shall be fully protected in conclusively relying upon, an Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. The Trustee may, but shall not be obligated to, enter into any such
supplemental indenture which affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise. 

SECTION 904. Effect of Supplemental Indentures. Upon the execution of any supplemental indenture under this Article, this
Indenture shall be modified in accordance therewith, and such supplemental indenture shall form a part of this Indenture for all purposes; and every Holder of Securities theretofore or thereafter authenticated and delivered hereunder and of any
coupon appertaining thereto shall be bound thereby. 
 SECTION 905. Conformity with Trust Indenture Act. Every
supplemental indenture executed pursuant to this Article shall conform to the requirements of the Trust Indenture Act as then in effect. 

SECTION 906. Reference in Securities to Supplemental Indentures. Securities of any series authenticated and delivered after
the execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall
so determine, new Securities of any series so modified as to conform, in the opinion of the Trustee, the Company to any such supplemental indenture may be prepared and executed by the Company, and authenticated and delivered (which delivery, in the
case of Bearer Securities, shall occur only outside the United States) by the Trustee in exchange for Outstanding Securities of such series. 
  

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 SECTION 907. Notice of Supplemental Indentures. Promptly after the execution by
the Company and the Trustee of any supplemental indenture pursuant to the provisions of Section 902, the Company shall give notice thereof to the Holders of each Outstanding Security affected, in the manner provided for in Section 106,
setting forth in general terms the substance of such supplemental indenture. 
 ARTICLE TEN 

COVENANTS 

SECTION 1001. Payment of Principal, Premium, if Any, and Interest. The Company covenants and agrees for the benefit of the
Holders of each series of Securities and any related coupons that it will duly and punctually pay the principal of and any premium and interest on the Securities of that series in accordance with the terms of the Securities, any coupons appertaining
thereto and this Indenture. Principal of, and premium, if any, on the Securities shall be considered paid on the date it is due if the Trustee holds by 11:00 a.m. New York City time on that date Currency designated for and sufficient to pay all
principal and premium, if any, then due. Unless specified as contemplated by Section 301 with respect to any series of Securities, any interest installments due on Bearer Securities on or before Maturity shall be payable only upon presentation
and surrender of the several coupons for such interest installments as are evidenced thereby as they severally mature. 

SECTION 1002. Maintenance of Office or Agency. If Securities of a series are issuable only as Registered Securities, the
Company shall maintain in each Place of Payment for any series of Securities an office or agency where Securities of that series may be presented or surrendered for payment, where Securities of that series may be surrendered for registration of
transfer or exchange, where Securities of that series that are convertible or exchangeable may be surrendered for conversion or exchange, as applicable, and where notices and demands to or upon the Company in respect of the Securities of that series
and this Indenture may be served. If any Securities of a series are issuable as Bearer Securities, the Company will maintain (A) in the Borough of Manhattan, The City of New York, an office or agency where any Registered Securities of that
series may be presented or surrendered for payment, where any Registered Securities of that series may be surrendered for registration of transfer, where Securities of that series may be surrendered for exchange, where Securities of that series that
are convertible or exchangeable may be surrendered for conversion or exchange, as applicable, where notices and demands to or upon the Company in respect of the Securities of that series and related coupons and this Indenture may be served and where
Bearer Securities of that series and related coupons may be presented or surrendered for payment in the circumstances described in the following paragraph below (and not otherwise), (B) if Bearer Securities are issued, subject to any laws or
regulations applicable thereto, in a Place of Payment for that series which is located outside the United States, an office or agency where Securities of that series and related coupons may be presented and surrendered for payment; provided,
however, that if the Securities of that series are listed on any stock exchange located outside the United States and such stock exchange shall so require, the Company will maintain a Paying Agent for the Securities of that series in any required
city located outside the United States, so long as the Securities of that series are listed on such exchange, and (C) subject to any laws or regulations applicable thereto, in a Place of Payment for that series located outside the United
States, an office or agency where any 
  

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Registered Securities of that series may be surrendered for registration of transfer, where Securities of that series may be surrendered for exchange, where Securities of that series that are
convertible or exchangeable may be surrendered for conversion or exchange, as applicable, and where notices and demands to or upon the Company in respect of the Securities of that series and related coupons and this Indenture may be served. The
Company will give prompt written notice to the Trustee of the location, and any change in the location, of each such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the
Trustee with the address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, except that Bearer Securities of that series and the related coupons may be presented and
surrendered for payment only outside the United States, at the offices specified in the Security, and the Company hereby appoints the Trustee as its agent to receive such respective presentations, surrenders, notices and demands. Unless otherwise
specified with respect to any Securities as contemplated by Section 301 with respect to a series of Securities, the Company hereby designates as a Place of Payment for each series of Securities the office or agency of the Trustee in the Borough
of Manhattan, The City of New York, and initially appoints the Trustee at its Corporate Trust Office as Paying Agent in such city and as its agent to receive all such presentations, surrenders, notices and demands. 

Unless otherwise specified with respect to any Securities pursuant to Section 301, no payment of principal, premium or interest on
Bearer Securities shall be made at any office or agency of the Company in the United States or by check mailed to any address in the United States or by transfer to an account maintained with a bank located in the United States; provided, however,
that notwithstanding anything to the contrary contained herein, if the Securities of a series are payable in Dollars, payment of principal of (and premium, if any) and interest, if any, on any Bearer Security shall be made at the office of the
Paying Agent in the Borough of Manhattan, The City of New York, if (but only if) payment in Dollars of the full amount of such principal, premium or interest, as the case may be, at all offices or agencies outside the United States maintained for
such purpose by the Company in accordance with this Indenture is illegal or effectively precluded by exchange controls or other similar restrictions. 

The Company may also from time to time designate one or more other offices or agencies where the Securities of one or more series may be
presented or surrendered for any or all of such purposes, and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office
or agency in accordance with the requirements set forth above for Securities of any series for such purposes. The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any
such other office or agency. Unless otherwise specified with respect to any Securities pursuant to Section 301 with respect to a series of Securities, subject to the immediately preceding paragraph, the Company hereby designates as a Place of
Payment for each series of Securities the office or agency of the Company, in the Borough of Manhattan, The City of New York, and initially appoints the Trustee at its Corporate Trust Office as Paying Agent in such city and as its agent to receive
all such presentations, surrenders, notices and demands. 
 Unless otherwise specified with respect to any Securities pursuant
to Section 301, if and so long as the Securities of any series (i) are denominated in a Foreign Currency or (ii)
  

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may be payable in a Foreign Currency, or so long as it is required under any other provision of the Indenture, then the Company will maintain with respect to each such series of Securities, or as
so required, at least one Exchange Rate Agent. 
 SECTION 1003. Money for Securities Payments to Be Held in Trust.
If the Company shall at any time act as its own Paying Agent with respect to any series of Securities and any related coupons, it will, on or before each due date of the principal of or any premium and interest on any of the Securities of that
series, segregate and hold in trust for the benefit of the Persons entitled thereto a sum in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such
series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay the principal and any premium and interest on Securities of such series so becoming due until such sums shall be paid to such Persons or otherwise
disposed of as herein provided and will promptly notify the Trustee of its action or failure so to act. 
 Whenever there shall
be one or more Paying Agents other than the Company for any series of Securities and any related coupons, it will, prior to each due date of the principal of or any premium and interest on any Securities, deposit with a Paying Agent a sum (in the
Currency described in the preceding paragraph) sufficient to pay such amount so becoming due, such sum to be held as provided by the Trust Indenture Act, and (unless such Paying Agent is the Trustee) the Company will promptly notify the Trustee of
its action or failure so to act. 
 The Company will cause each Paying Agent for any series of Securities other than the Trustee
to execute and deliver to the Trustee an instrument in which such Paying Agent shall agree with the Trustee, subject to the provisions of this Section, that such Paying Agent will (i) comply with the provisions of the Trust Indenture Act
applicable to it as a Paying Agent and (ii) during the continuance of any default by the Company (or any other obligor upon the Securities) in the making of any payment in respect of the Securities, and upon written request of the Trustee,
forthwith pay to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Securities. 
 The
Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any other purpose, pay, or by Company Order direct any Paying Agent to pay, to the Trustee all sums held in trust by the Company or such
Paying Agent, such sums to be held by the Trustee upon the same trusts as those upon which sums were held by the Company or such Paying Agent; and, upon such payment by any Paying Agent to the Trustee, such Paying Agent shall be released from all
further liability with respect to such sums. 
 Except as provided in the Securities of any series, and subject to any
applicable abandoned property laws, any money deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of or any premium or interest on any Security of any series, or any coupon
appertaining thereto, and remaining unclaimed for two years after such principal, premium and interest has become due and payable shall be paid to the Company on Company Request, or (if then held by the Company) shall be discharged from such trust;
and the Holder of such Security or coupon shall thereafter, as an unsecured general creditor, look only to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of
the Company as trustee 
  

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thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, shall at the expense of the Company cause
to be published once, in an Authorized Newspaper in each Place of Payment, notice that such money remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the date of such publication, any unclaimed
balance of such money then remaining will be repaid to the Company. 
 SECTION 1004. Statement by Officers as to
Default. The Company will deliver to the Trustee, within 120 days after the end of each fiscal year of the Company ending after the date hereof, an Officers’ Certificate, one of the signers of which shall be the principal executive officer,
principal financial officer or principal accounting officer of the Company stating whether or not to the best knowledge of the signers thereof the Company is in default in the performance and observance of any of the terms, provisions and conditions
of this Indenture (without regard to any period of grace or requirement of notice provided hereunder) and, if the Company shall be in default, specifying all such defaults and the nature and status thereof of which they may have knowledge.

 (a) The Company shall, so long as any of Securities of any series are Outstanding, deliver to the Trustee, forthwith, but in
no event later than 30 Business Days, upon any Officer becoming aware of any event which after notice or lapse of time would become a Default or Event of Default under clauses (4) or (6) of Section 501, a notice specifying such
Default or Event of Default and what action the Company is taking or proposes to take with respect thereto. 

SECTION 1005. Existence. Subject to Article Eight, the Company will do or cause to be done all things necessary to preserve
and keep in full force and effect its existence, rights (charter and statutory) and franchises; provided, however, that the Company shall not be required to preserve any such right or franchise if its Board of Directors shall determine that the
preservation thereof is no longer desirable in the conduct of the business of the Company and that the loss thereof is not disadvantageous in any material respect to the Holders. 

SECTION 1006. Restrictions on Liens. The Company agrees that it will not, nor will it permit any Restricted Subsidiary to,
create, incur, issue, assume or guarantee any Secured Debt without in any such case effectively providing, concurrently with the creation, incurrence, issuance, assumption or guarantee of any such Secured Debt, that the Securities (together with, if
the Company shall so determine, any other indebtedness of or guaranteed by the Company or such Restricted Subsidiary ranking equally with the Securities and then existing or thereafter created) shall be secured equally and ratably with or prior to
such Secured Debt so long as such Secured Debt shall be secured. The term “Secured Debt” means notes, bonds, debentures or other similar evidences of indebtedness for money borrowed secured by any Mortgage. The term “Mortgage” or
“Mortgages” means any mortgage, pledge, lien, security interest or other encumbrances upon any Operating Property or on any shares of stock or Indebtedness of any Restricted Subsidiary (whether such Operating Property, shares of stock or
Indebtedness are now owned or hereafter acquired). The foregoing restrictions shall not apply to: 
 (1)
Mortgages on property, shares of stock or Indebtedness of any corporation existing at the time such corporation becomes a Restricted Subsidiary; 
  

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 (2) Mortgages on property or shares of stock existing at the time of
acquisition of such property or stock by the Company or a Restricted Subsidiary or existing as of the date of this Indenture; 

(3) Mortgages to secure the payment of all or any part of the price of acquisition, construction or improvement of such
property or stock by the Company or a Restricted Subsidiary, or to secure any Secured Debt incurred by the Company or a Restricted Subsidiary, prior to, at the time of, or within 360 days after the later of the acquisition or completion of
construction (including any improvements on an existing property), which Secured Debt is incurred for the purpose of financing all or any part of the purchase price thereof or construction of improvements thereon; provided, however,
that, in the case of any such acquisition, construction or improvement, the Mortgage shall not apply to any property theretofore owned by the Company or a Restricted Subsidiary, other than, in the case of any such construction or improvement, any
theretofore substantially unimproved real property on which the property or improvement so constructed is located; 

(4) Mortgages securing Secured Debt of a Restricted Subsidiary owing to the Company or to another Restricted Subsidiary;

 (5) Mortgages on property of a corporation existing at the time such corporation is merged into or
consolidated with the Company or a Restricted Subsidiary or at the time of a sale, lease or other disposition of the properties of a corporation or firm as an entirety or substantially as an entirety to the Company or a Restricted Subsidiary;

 (6) Mortgages on property of the Company or a Restricted Subsidiary in favor of the United States of America
or any state thereof, or any department, agency or instrumentality or political subdivision of the United States of America or any state thereof, or in favor of any other country or any political subdivision thereof, or any department, agency or
instrumentality of such country or political subdivision, to secure partial progress, advance or other payments pursuant to any contract or statute or to secure any indebtedness incurred for the purpose of financing all or any part of the purchase
price or the cost of construction of the property subject to such Mortgages; 
 (7) any extension, renewal or
replacement (or successive extensions, renewals or replacements) in whole or in part of any Mortgage referred to in the foregoing clauses (1) through (6) and (8); provided, however, that the principal amount of Secured Debt secured
thereby shall not exceed the principal amount of Secured Debt so secured at the time of such extension, renewal or replacement, and that such extension, renewal or replacement shall be limited to all or a part of the property which secured the
Mortgage so extended, renewed or replaced (plus improvements and construction on such property); or 
 (8)
Mortgages upon any Operating Property, or any transfer or disposition of any Operating Property, that is created or implemented as a necessary component of a bond for title transaction, payment in lieu of tax agreement or other tax incentive vehicle
designed to provide the Company or any Subsidiary with certain ad valorem property tax or other incentive savings. 
  

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 Notwithstanding the foregoing provisions of this Section 1006, the Company and any one
or more Restricted Subsidiaries may, without securing the Securities, create, incur, issue, assume or guarantee Secured Debt secured by a Mortgage which would otherwise be subject to the foregoing restrictions in an aggregate amount which, together
with all other Secured Debt of the Company and its Restricted Subsidiaries which (if originally created, incurred, issued, assumed or guaranteed at such time) would otherwise be subject to the foregoing restrictions (not including Secured Debt
permitted to be secured under clauses (1) through (8) above), does not at the time exceed 15% of Consolidated Net Tangible Assets of the Company as shown on the financial statements of the Company as of the end of the fiscal year
preceding the date of determination. 
 SECTION 1007. Restrictions on Sale and Leaseback Transactions. The Company
agrees that it will not, nor will it permit any Restricted Subsidiary to, enter into any Sale and Leaseback Transaction unless: 

(1) the Company or such Restricted Subsidiary would be entitled, pursuant to the provisions of Section 1006, to
create, incur, issue, assume or guarantee indebtedness secured by a Mortgage upon such property at least equal in amount to the Attributable Debt in respect of such arrangement without equally and ratably securing the Securities; provided,
however, that from and after the date on which such arrangement becomes effective, the Attributable Debt in respect of such arrangement shall be deemed for all purposes under Section 1006 to be Secured Debt subject to the provisions of
Section 1006; or 
 (2) since the date of this Indenture and within a period commencing twelve months prior
to the consummation of such Sale and Leaseback Transaction and ending twelve months after the consummation of such Sale and Leaseback Transaction, the Company or Restricted Subsidiary, as the case may be, has expended, or will expend, for the
Operating Property an amount equal to (A) the net proceeds of such Sale and Leaseback Transaction, and the Company elects to designate such amount as a credit against such Sale and Leaseback Transaction, or (B) a part of the net proceeds
of such Sale and Leaseback Transaction and the Company elects to designate such amount as a credit against such Sale and Leaseback Transaction and applies an amount equal to the remainder of the net proceeds as provided in
clause (3) hereof; or 
 (3) such Sale and Leaseback Transaction does not come within the exceptions
provided by clause (1) hereof and the Company does not make the election permitted by clause (2) hereof or makes such election only as a part of such net proceeds, in either of which events the Company shall apply an amount in
cash equal to the Attributable Debt in respect of such arrangement (less any amount elected under clause (2) hereof) to the retirement, within 360 days of the effective date of any such arrangement, of indebtedness for borrowed money of
the Company or any Restricted Subsidiary (other than indebtedness for borrowed money of the Company which is subordinated to the Securities) which by its terms matures at or is extendible or renewable at the sole option

  

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of the obligor without requiring the consent of the obligees to a date more than twelve months after the date of the creation of such indebtedness for borrowed money (it being understood that
such retirement may be made by prepayment of such indebtedness for borrowed money, if permitted by the terms thereof, as well as by payment at maturity and that at the option of the Company and pursuant to the terms of this Indenture, such
indebtedness may include the Securities). 
 The term “Sale and Leaseback Transaction” means any arrangement with any
Person providing for the leasing by the Company or any Restricted Subsidiary of any Operating Property, whether such Operating Property is now owned or hereafter acquired (except for temporary leases for a term, including renewals at the option of
the lessee, of not more than three years and except for leases between the Company and a Restricted Subsidiary or between Restricted Subsidiaries), which property 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 property. 
 The term “Attributable Debt” means the
present value (discounted at the weighted average interest rate borne by the Securities Outstanding at the time of such Sale and Leaseback transaction compounded semiannually) of the obligation of a lessee for net rental payments during the
remaining term of any lease (including any period for which such lease has been extended). 
 SECTION 1008. Further
Instruments and Acts. Upon request of the Trustee or as otherwise necessary, the Company will execute and deliver such further instruments and do such further acts or as otherwise necessary may be reasonably necessary or proper to carry out more
effectively the purposes of this Indenture. 
 SECTION 1009. Calculation of Original Issue Discount. The Company
shall file with the Trustee promptly at the end of each calendar year a written notice specifying the amount of original issue discount (including daily rates and accrual periods), if any, accrued on Outstanding Securities as of the end of such
year. 
 SECTION 1010. Additional Amounts. If any Securities of a series provide for the payment of additional
amounts to any Holder who is not a United States person in respect of any tax, assessment or governmental charge (“Additional Amounts”), the Company will pay to the Holder of any Security of such series or any coupon appertaining thereto
such Additional Amounts as may be specified as contemplated by Section 301. Whenever in this Indenture there is mentioned, in any context, the payment of the principal of or any premium or interest on, or in respect of, any Security of any
series (or any payments pursuant to the Guarantee thereof) such mention shall be deemed to include mention of the payment of Additional Amounts provided for in this Section to the extent that, in such context, Additional Amounts are, were or would
be payable in respect thereof pursuant to the provisions of this Section and express mention of the payment of Additional Amounts in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such
express mention is not made. 
 SECTION 1011. Waiver of Certain Covenants. The Company may, with respect to any
series of Securities, omit in any particular instance to comply with any term, provision or 
  

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condition which affects such series set forth in Sections 1006 and 1007, inclusive, or, as specified pursuant to Section 301(17) for Securities of such series, in any covenants of the
Company added to Article Ten pursuant to Section 301(17) in connection with Securities of such series, if the Holders of a majority in principal amount of all Outstanding Securities affected by such term, provision or condition, by Act of such
Holders, waive such compliance in such instance with such term, provision or condition, but no such waiver shall extend to or affect such term, provision or condition except to the extent so expressly waived, and, until such waiver shall become
effective, the obligations of the Company and the duties of the Trustee to Holders of Securities of such series in respect of any such term, provision or condition shall remain in full force and effect. 

ARTICLE ELEVEN 

REDEMPTION OF SECURITIES 

SECTION 1101. Applicability of Article. Securities of any series which are redeemable before their Stated Maturity shall be
redeemable in accordance with the terms of such Securities and (except as otherwise specified as contemplated by Section 301 for Securities of any series) in accordance with this Article. 

SECTION 1102. Election to Redeem; Notice to Trustee. The election of the Company to redeem any Securities shall be evidenced
by or pursuant to a Board Resolution. In case of any redemption at the election of the Company, the Company shall, at least 60 days prior to the Redemption Date fixed by the Company (unless a shorter notice shall be satisfactory to the Trustee),
notify the Trustee of such Redemption Date and of the principal amount of Securities of such series to be redeemed and, in the case of a partial redemption, shall deliver to the Trustee such documentation and records as shall enable the Trustee to
select the Securities to be redeemed pursuant to Section 1103. In the case of any redemption of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere in this Indenture,
the Company shall furnish the Trustee with an Officers’ Certificate evidencing compliance with such restriction. 

SECTION 1103. Selection by Trustee of Securities to Be Redeemed. If less than all the Securities of any series with the same
terms are to be redeemed, the particular Securities to be redeemed shall be selected not more than 45 days prior to the Redemption Date by the Trustee, from the Outstanding Securities of such series with the same terms not previously called for
redemption, by such method as the Trustee shall deem fair and appropriate, subject to applicable law, and which may provide for the selection for redemption of portions of the principal of Securities of such series; provided, however, that no such
partial redemption shall reduce the portion of the principal amount of a Security not redeemed to less than the minimum authorized denomination for Securities of such series established pursuant to Section 301. 

The Trustee shall promptly notify the Company in writing of the Securities selected for redemption and, in the case of any Securities
selected for partial redemption, the principal amount thereof to be redeemed. 
  

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 For all purposes of this Indenture, unless the context otherwise requires, all provisions
relating to the redemption of Securities shall relate, in the case of any Security redeemed or to be redeemed only in part, to the portion of the principal amount of such Security which has been or is to be redeemed. 

SECTION 1104. Notice of Redemption. Except as otherwise specified as contemplated by Section 301 for Securities of any
series, notice of redemption shall be given in the manner provided for in Section 106 not less than 30 nor more than 60 days prior to the Redemption Date, to each Holder of Securities to be redeemed. 

Except as otherwise specified as contemplated by Section 301 for Securities of any series, all notices of redemption shall state:

 (1) the Redemption Date, 

(2) the Redemption Price (if known) or the formula pursuant to which the Redemption Price is to be determined if the
Redemption Price cannot be determined at the time the notice is given, together with the amount of accrued interest, if any, to the Redemption Date, 

(3) if less than all the Outstanding Securities of any series are to be redeemed, the identification (and, in the case of
partial redemption, the principal amounts) of the particular Securities to be redeemed, 
 (4) in case any
Security is to be redeemed in part only, the notice which relates to such Security shall state that on and after the Redemption Date, upon surrender of such Security, the Holder will receive, without charge, a new Security or Securities of the same
series of like tenor of authorized denominations for the principal amount thereof remaining unredeemed, 
 (5)
that on the Redemption Date, the Redemption Price and accrued interest, if any, to the Redemption Date payable as provided in Section 1106 will become due and payable upon each such Security, or the portion thereof, to be redeemed and, if
applicable, that interest thereon will cease to accrue on and after said date, 
 (6) the Place or Places of
Payment (which in the case of Bearer Securities shall be outside the United States) where such Securities, together in the case of Bearer Securities with all coupons appertaining thereto, if any, maturing on or after the Redemption Date, are to be
surrendered for payment of the Redemption Price and accrued interest, if any, 
 (7) that the redemption is for a
sinking fund, if such is the case, 
 (8) that, unless otherwise specified in such notice, Bearer Securities of
any series, if any, surrendered for redemption must be accompanied by all coupons maturing subsequent to the Redemption Date or the amount of any such missing coupon or coupons will be deducted from the Redemption Price unless security or indemnity
satisfactory to the Company, the Trustee and any Paying Agent is furnished, 
  

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 (9) if Bearer Securities of any series are to be redeemed and any Registered
Securities of such series are not to be redeemed, and if such Bearer Securities may be exchanged for Registered Securities not subject to redemption on such Redemption Date pursuant to Section 305 or otherwise, the last date, as determined by
the Company, on which such exchanges may be made, 
 (10) the CUSIP, ISIN or other similar numbers, if any,
assigned to such Securities; provided, however, that such notice may state that no representation is made as to the correctness of CUSIP, ISIN or other similar numbers, in which case none of the Company, the Trustee or any agent of the Company or
the Trustee shall have any liability in respect of the use of any CUSIP, ISIN or other similar number or numbers on such notices, and the redemption of such Securities shall not be affected by any defect in or omission of such numbers, 

(11) the Euroclear or the Clearstream reference numbers of such Security, if any, and 

(12) such other matters as the Company shall deem desirable or appropriate. 

Notice of redemption of Securities to be redeemed at the election of the Company shall be given by the Company or, at the Company’s
request, by the Trustee in the name and at the expense of the Company. 
 SECTION 1105. Deposit of Redemption Price.
On or prior to 11:00 a.m. (New York City time) on any Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, which it may not do in the case of a sinking fund payment
under Article Twelve, segregate and hold in trust as provided in Section 1003) an amount of money in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the
Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) sufficient to pay on the Redemption Date the Redemption Price of, and (except if the Redemption Date shall be an Interest Payment Date)
accrued interest, if any, on, all the Securities or portions thereof which are to be redeemed on that date. 

SECTION 1106. Securities Payable on Redemption Date. Notice of redemption having been given as aforesaid, the Securities so
to be redeemed shall, on the Redemption Date, become due and payable at the Redemption Price therein specified in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the
Securities of such series and except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) (together with accrued interest, if any, to the Redemption Date), and from and after such date (unless the Company shall default in the
payment of the Redemption Price and accrued interest, if any) such Securities shall, if the same were interest-bearing, cease to bear interest and the coupons for such interest appertaining to any Bearer Securities so to be redeemed, except to the
extent provided below, shall be void. Upon surrender of any such Security for redemption in accordance with said notice, together with all coupons, if any, appertaining thereto maturing after the Redemption Date, such Security shall be paid by the
Company at the Redemption Price, together with accrued interest, if any, to the Redemption Date; provided, however, that 

 

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installments of interest on Bearer Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable only at an office or agency located outside the United States (except as
otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of coupons for such interest; and provided further that installments of interest on Registered
Securities whose Stated Maturity is on or prior to the Redemption Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Regular Record Dates
according to their terms and the provisions of Section 307. 
 If any Bearer Security surrendered for redemption shall not
be accompanied by all appurtenant coupons maturing after the Redemption Date, such Security may be paid after deducting from the Redemption Price an amount equal to the face amount of all such missing coupons, or the surrender of such missing coupon
or coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder of such Security shall surrender to the
Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been made from the Redemption Price, such Holder shall be entitled to receive the amount so deducted; provided, however, that interest represented by
coupons shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated by Section 301, only upon presentation and surrender of
those coupons. 
 If any Security called for redemption shall not be so paid upon surrender thereof for redemption, the
principal (and premium, if any) shall, until paid, bear interest from the Redemption Date at the rate of interest or Yield to Maturity (in the case of Original Issue Discount Securities) set forth in or contemplated by such Security. 

SECTION 1107. Securities Redeemed in Part. Any Security which is to be redeemed only in part (pursuant to the provisions
of this Article or of Article Twelve) shall be surrendered at a Place of Payment therefor (with, if the Company or the Trustee so requires, due endorsement by, or a written instrument of transfer in form satisfactory to the Company and the
Trustee duly executed by, the Holder thereof or such Holder’s attorney duly authorized in writing), and the Company shall execute, and the Trustee shall authenticate and deliver to the Holder of such Security without service charge, a new
Security or Securities of the same series and of like tenor, of any authorized denomination as requested by such Holder, in aggregate principal amount equal to and in exchange for the unredeemed portion of the principal of the Security so
surrendered. 
 SECTION 1108. Optional Redemption Due to Changes in Tax Treatment. Each series of Securities may be
redeemed at the option of the Company (or their successors) in whole but not in part at any time (except in the case of Securities that have a variable rate of interest, which may be redeemed on any Interest Payment Date) at a Redemption Price equal
to the principal amount thereof plus accrued interest to the date fixed for redemption (except in the case of Outstanding Original Issue Discount Securities which may be redeemed at the Redemption Price specified by the terms of such series of
Securities) if (i) the Company is or would be required to pay Additional Amounts as a result of any change in or amendment to the laws or any regulations or rulings promulgated thereunder of the United States (or in the case of a successor

  

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Person to the Company, of the jurisdiction in which such successor Person is organized or any political subdivision or taxing authority thereof or therein) or (ii) any change in the official
application or interpretation of such laws, regulations or rulings, or any change in the official application or interpretation of, or any execution of or amendment to, any treaty or treaties affecting taxation to which the United States (or such
other jurisdiction or political subdivision or taxing authority) is a party, which change, execution or amendment becomes effective on or after the date of issuance of such series pursuant to Section 301(23) (or in the case of a successor
Person to the Company, the date on which such successor Person became such). Prior to the giving of notice of redemption of such Securities pursuant to this Indenture, the Company will deliver to the Trustee an Officers’ Certificate, stating
that the Company is entitled to effect such redemption and setting forth in reasonable detail a statement of circumstances showing that the conditions precedent to the right of the Company to redeem such Securities pursuant to this Section have been
satisfied. 
 ARTICLE TWELVE 

SINKING FUNDS 

SECTION 1201. Applicability of Article. Retirements of Securities of any series pursuant to any sinking fund shall be made in
accordance with the terms of such Securities and (except as otherwise specified as contemplated by Section 301 for Securities of any series) in accordance with this Article. 

The minimum amount of any sinking fund payment provided for by the terms of Securities of any series is herein referred to as a
“mandatory sinking fund payment”, and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as an “optional sinking fund payment”. If provided for by the terms of
Securities of any series, the cash amount of any mandatory sinking fund payment may be subject to reduction as provided in Section 1202. Each sinking fund payment shall be applied to the redemption of Securities of any series as provided for by
the terms of Securities of such series. 
 SECTION 1202. Satisfaction of Sinking Fund Payments with Securities.
Subject to Section 1203, in lieu of making all or any part of any mandatory sinking fund payment with respect to any Securities of a series in cash, the Company may at its option (1) deliver to the Trustee Outstanding Securities of a
series (other than any previously called for redemption) theretofore purchased or otherwise acquired by the Company, together, in the case of any Bearer Securities of such series, with all unmatured coupons appertaining thereto, and/or
(2) receive credit for the principal amount of Securities of such series which have been previously delivered to the Trustee by the Company or for Securities of such series which have been redeemed either at the election of the Company pursuant
to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant to the terms of such Securities, in each case in satisfaction of all or any part of any mandatory sinking fund payment with respect to
the Securities of the same series required to be made pursuant to the terms of such Securities as provided for by the terms of such series; provided, however, that such Securities have not been previously so credited. Such Securities shall be
received and credited for such purpose by the Trustee at the Redemption Price specified in such Securities for redemption through operation of the sinking fund and the amount of such mandatory sinking fund payment shall be reduced accordingly.

  

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 SECTION 1203. Redemption of Securities for Sinking Fund. Not less than 60 days
prior to each sinking fund payment date for any series of Securities, the Company will deliver to the Trustee an Officers’ Certificate specifying the amount of the next ensuing sinking fund payment for that series pursuant to the terms of that
series, the portion thereof, if any, which is to be satisfied by payment of cash in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and
except, if applicable, as provided in Sections 312(b), 312(d) and 312(e)) and the portion thereof, if any, which is to be satisfied by delivering or crediting Securities of that series pursuant to Section 1202 (which Securities will,
if not previously delivered, accompany such certificate) and whether the Company intends to exercise its right to make a permitted optional sinking fund payment with respect to such series. Such certificate shall be irrevocable and upon its delivery
the Company shall be obligated to make the cash payment or payments therein referred to, if any, on or before the next succeeding sinking fund payment date. In the case of the failure of the Company to deliver such certificate, the sinking fund
payment due on the next succeeding sinking fund payment date for that series shall be paid entirely in cash and shall be sufficient to redeem the principal amount of such Securities subject to a mandatory sinking fund payment without the option to
deliver or credit Securities as provided in Section 1202 and without the right to make any optional sinking fund payment, if any, with respect to such series. 

Not more than 60 days before each such sinking fund payment date the Trustee shall select the Securities to be redeemed upon such sinking
fund payment date in the manner specified in Section 1103 and cause notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 1104. Such notice having been duly given,
the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 1106 and 1107. 
 Prior
to any sinking fund payment date, the Company shall pay to the Trustee or a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) in cash a sum equal to the principal (and
premium, if any) and any interest that will accrue to the date fixed for redemption of Securities or portions thereof to be redeemed on such sinking fund payment date pursuant to this Section 1203. 

Notwithstanding the foregoing, with respect to a sinking fund for any series of Securities, if at any time the amount of cash to be paid
into such sinking fund on the next succeeding sinking fund payment date, together with any unused balance of any preceding sinking fund payment or payments for such series, does not exceed in the aggregate $100,000, the Trustee, unless requested by
the Company, shall not give the next succeeding notice of the redemption of Securities of such series through the operation of the sinking fund. Any such unused balance of moneys deposited in such sinking fund shall be added to the sinking fund
payment for such series to be made in cash on the next succeeding sinking fund payment date or, at the request of the Company, shall be applied at any time or from time to time to the purchase of Securities of such series, by public or private
purchase, in the open market or otherwise, at a purchase price for such Securities (excluding accrued interest and brokerage commissions, for which the Trustee or any Paying Agent will be reimbursed by the Company) not in excess of the principal
amount thereof. 
  

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 ARTICLE THIRTEEN 

REPAYMENT AT OPTION OF HOLDERS 

SECTION 1301. Applicability of Article. Repayment of Securities of any series before their Stated Maturity at the option of
Holders thereof shall be made in accordance with the terms of such Securities and (except as otherwise specified as contemplated by Section 301 for Securities of any series) in accordance with this Article. 

SECTION 1302. Repayment of Securities. Securities of any series subject to repayment in whole or in part at the option of the
Holders thereof will, unless otherwise provided in the terms of such Securities, be repaid at the Repayment Price thereof, together with interest, if any, thereon accrued to the Repayment Date specified in or pursuant to the terms of such
Securities. The Company covenants that on or before the Repayment Date it will deposit with the Trustee or with a Paying Agent (or, if the Company is acting as its own Paying Agent, segregate and hold in trust as provided in Section 1003) an
amount of money in the Currency in which the Securities of such series are payable (except as otherwise specified pursuant to Section 301 for the Securities of such series and except, if applicable, as provided in Sections 312(b),
312(d) and 312(e)) sufficient to pay the Repayment Price of, and (except if the Repayment Date shall be an Interest Payment Date) accrued interest, if any, on, all the Securities or portions thereof, as the case may be, to be repaid on such
date. 
 SECTION 1303. Exercise of Option. Securities of any series subject to repayment at the option of the
Holders thereof will contain an “Option to Elect Repayment” form on the reverse of such Securities. To be repaid at the option of the Holder, except as otherwise specified as contemplated by Section 301 for Securities of such series,
any Security so providing for such repayment, with the “Option to Elect Repayment” form on the reverse of such Security duly completed by the Holder (or by the Holder’s attorney duly authorized in writing), must be received by the
Company at the Place of Payment therefor specified in the terms of such Security (or at such other place or places of which the Company shall from time to time notify the Holders of such Securities) not earlier than 45 days nor later than 30 days
prior to the Repayment Date. If less than the entire Repayment Price of such Security is to be repaid in accordance with the terms of such Security, the portion of the Repayment Price of such Security to be repaid, in increments of the minimum
denomination for Securities of such series, and the denomination or denominations of the Security or Securities to be issued to the Holder for the portion of such Security surrendered that is not to be repaid, must be specified. Any Security
providing for repayment at the option of the Holder thereof may not be repaid in part if, following such repayment, the unpaid principal amount of such Security would be less than the minimum authorized denomination of Securities of the series of
which such Security to be repaid is a part. Except as otherwise may be provided by the terms of any Security providing for repayment at the option of the Holder thereof, exercise of the repayment option by the Holder shall be irrevocable unless
waived by the Company. 
  

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 SECTION 1304. When Securities Presented for Repayment Become Due and Payable. If
Securities of any series providing for repayment at the option of the Holders thereof shall have been surrendered as provided in this Article and as provided by or pursuant to the terms of such Securities, such Securities or the portions
thereof, as the case may be, to be repaid shall become due and payable and shall be paid by the Company on the Repayment Date therein specified, and on and after such Repayment Date (unless the Company shall default in the payment of such Securities
on such Repayment Date) such Securities shall, if the same were interest-bearing, cease to bear interest and the coupons for such interest appertaining to any Bearer Securities so to be repaid, except to the extent provided below, shall be void.
Upon surrender of any such Security for repayment in accordance with such provisions, together with all coupons, if any, appertaining thereto maturing after the Repayment Date, the Repayment Price of such Security so to be repaid shall be paid by
the Company, together with accrued interest, if any, to the Repayment Date; provided, however, that coupons whose Stated Maturity is on or prior to the Repayment Date shall be payable only at an office or agency located outside the United States
(except as otherwise provided in Section 1002) and, unless otherwise specified pursuant to Section 301, only upon presentation and surrender of such coupons; and provided further that, in the case of Registered Securities, installments of
interest, if any, whose Stated Maturity is on or prior to the Repayment Date shall be payable to the Holders of such Securities, or one or more Predecessor Securities, registered as such at the close of business on the relevant Regular Record Dates
according to their terms and the provisions of Section 307. 
 If any Bearer Security surrendered for repayment shall not
be accompanied by all appurtenant coupons maturing after the Repayment Date, such Security may be paid after deducting from the amount payable therefor as provided in Section 1302 an amount equal to the face amount of all such missing coupons,
or the surrender of such missing coupon or coupons may be waived by the Company and the Trustee if there be furnished to them such security or indemnity as they may require to save each of them and any Paying Agent harmless. If thereafter the Holder
of such Security shall surrender to the Trustee or any Paying Agent any such missing coupon in respect of which a deduction shall have been made as provided in the preceding sentence, such Holder shall be entitled to receive the amount so deducted;
provided, however, that interest represented by coupons shall be payable only at an office or agency located outside the United States (except as otherwise provided in Section 1002) and, unless otherwise specified as contemplated
by Section 301, only upon presentation and surrender of those coupons. 
 If the principal amount of any Security
surrendered for repayment shall not be so repaid upon surrender thereof, such principal amount (together with interest, if any, thereon accrued to such Repayment Date) shall, until paid, bear interest from the Repayment Date at the rate of interest
or Yield to Maturity (in the case of Original Issue Discount Securities) set forth in or contemplated by such Security. 

SECTION 1305. Securities Repaid in Part. Upon surrender of any Security which is to be repaid in part only, the Company shall
execute and the Trustee shall authenticate and deliver to the Holder of such Security, without service charge and at the expense of the Company, a new Security or Securities of the same series, and of like tenor, of any authorized denomination
specified by the Holder, in an aggregate principal amount equal to and in exchange for the portion of the principal of such Security so surrendered which is not to be repaid. 

 

 79 

 ARTICLE FOURTEEN 

DEFEASANCE AND COVENANT DEFEASANCE 

SECTION 1401. Company’s Option to Effect Defeasance or Covenant Defeasance. Except as otherwise specified as
contemplated by Section 301 for Securities of any series, the provisions of this Article Fourteen shall apply to each series of Securities, and the Company may, at its option, effect defeasance of the Securities of or within a series under
Section 1402, or covenant defeasance of or within a series under Section 1403 in accordance with the terms of such Securities and in accordance with this Article. 

SECTION 1402. Defeasance and Discharge. Upon the Company’s exercise of the above option applicable to this
Section with respect to any Securities of or within a series, the Company shall be deemed to have been discharged from its obligations with respect to such Outstanding Securities and any related coupons on the date the conditions set forth in
Section 1404 are satisfied (hereinafter, “defeasance”). For this purpose, such defeasance means that the Company shall be deemed to have paid and discharged the entire indebtedness represented by such Outstanding Securities and any
related coupons, which shall thereafter be deemed to be “Outstanding” only for the purposes of Section 1405 and the other Sections of this Indenture referred to in (A) and (B) below, and to have satisfied all its other
obligations under such Securities and any related coupons and this Indenture insofar as such Securities and any related coupons are concerned (and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging the same),
except for the following which shall survive until otherwise terminated or discharged hereunder: (A) the rights of Holders of such Outstanding Securities and any related coupons to receive, solely from the trust fund described in
Section 1404 and as more fully set forth in such Section, payments in respect of the principal of (and premium, if any) and interest, if any, on such Securities and any related coupons when such payments are due, (B) the Company’s
obligations with respect to such Securities under Sections 304, 305, 306, 1002 and 1003 and with respect to the payment of Additional Amounts, if any, on such Securities as contemplated by Section 1010 and such obligations as shall be
ancillary thereto, (C) the rights, powers, trusts, duties and immunities of the Trustee hereunder including, without limitation, Section 606 and the penultimate paragraph of Section 1405 and (D) this Article Fourteen.
Subject to compliance with this Article Fourteen, the Company may exercise its option under this Section 1402 notwithstanding the prior exercise of its option under Section 1403 with respect to such Securities and any related coupons.

 SECTION 1403. Covenant Defeasance. Upon the Company’s exercise of the above option applicable to this
Section with respect to any Securities of or within a series, the Company shall be released from its obligations under Sections 801 and 802 and Sections 1006 and 1007, and, if specified pursuant to Section 301, its obligations
under any other covenant, with respect to such Outstanding Securities and any related coupons on and after the date the conditions set forth in Section 1404 are satisfied (hereinafter, “covenant defeasance”), and such Securities and
any related coupons shall thereafter be deemed not to be “Outstanding” for the purposes of any direction, waiver, consent or declaration or Act of Holders (and the consequences of any thereof) in connection with such covenants, but shall
continue to be deemed “Outstanding” for all other purposes hereunder. For this purpose, such covenant defeasance means that, with respect to such Outstanding Securities and any related coupons, the Company

  

 80 

 
may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference
elsewhere herein to any such covenant or by reason of reference in any such covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under
Section 501(4) or Section 501(8) or otherwise, as the case may be, but, except as specified above, the remainder of this Indenture and such Securities and any related coupons shall be unaffected thereby. 

SECTION 1404. Conditions to Defeasance or Covenant Defeasance. The following shall be the conditions to application of either
Section 1402 or Section 1403 to any Outstanding Securities of or within a series and any related coupons: 

(1) The Company shall irrevocably have deposited or caused to be deposited with the Trustee (or another trustee satisfying
the requirements of Section 607 who shall agree to comply with the provisions of this Article Fourteen applicable to it) as trust funds in trust for the purpose of making the following payments, specifically pledged as security for, and
dedicated solely to, the benefit of the Holders of such Securities and any related coupons, (A) an amount (in such Currency in which such Securities and any related coupons are then specified as payable at Stated Maturity), or
(B) Government Obligations applicable to such Securities (determined on the basis of the Currency in which such Securities are then specified as payable at Stated Maturity) which through the scheduled payment of principal and interest in
respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment of principal of and premium, if any, and interest, if any, under such Securities and any related coupons, money in an amount, or
(C) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, and which shall be applied by
the Trustee (or other qualifying trustee) to pay and discharge, (i) the principal of (and premium, if any) and interest, if any, on such Outstanding Securities and any related coupons on the Stated Maturity (or Redemption Date, if applicable)
of such principal (and premium, if any) or installment of interest, if any, and (ii) any mandatory sinking fund payments or analogous payments applicable to such Outstanding Securities and any related coupons on the day on which such payments
are due and payable in accordance with the terms of this Indenture and of such Securities and any related coupons; provided that the Trustee shall have been irrevocably instructed to apply such money or the proceeds of such Government
Obligations to said payments with respect to such Securities and any related coupons. Before such a deposit, the Company may give to the Trustee, in accordance with Section 1102, a notice of its election to redeem all or any portion of such
Outstanding Securities at a future date in accordance with the terms of the Securities of such series and Article Eleven, which notice shall be irrevocable. Such irrevocable redemption notice, if given, shall be given effect in applying the
foregoing. 
 (2) No Default or Event of Default with respect to such Securities or any related coupons shall
have occurred and be continuing on the date of such deposit or, insofar as paragraphs (6) and (7) of Section 501 are concerned, at any time during the period ending on the 91st day after the date of such deposit (it being
understood that this condition shall not be deemed satisfied until the expiration of such period). 
  

 81 

 (3) Such defeasance or covenant defeasance shall not result in a breach or
violation of, or constitute a default under, any material agreement or instrument (other than this Indenture) to which the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound. 

(4) In the case of an election under Section 1402, the Company shall have delivered to the Trustee an Opinion of
Counsel stating that (x) the Company has received from, or there has been published by, the Internal Revenue Service a ruling, or (y) since the date of execution of this Indenture, there has been a change in the applicable federal income
tax law, in either case to the effect that, and based thereon such opinion shall confirm that, the Holders of such Outstanding Securities and any related coupons will not recognize income, gain or loss for federal income tax purposes as a result of
the deposit and such defeasance and will be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if the deposit and such defeasance had not occurred. 

(5) In the case of an election under Section 1403, the Company shall have delivered to the Trustee an Opinion of
Counsel to the effect that the Holders of such Outstanding Securities and any related coupons will not recognize income, gain or loss for federal income tax purposes as a result of such covenant defeasance and will be subject to U.S. federal income
tax on the same amounts, in the same manner and at the same times as would have been the case if the deposit and such covenant defeasance had not occurred. 

(6) Notwithstanding any other provisions of this Section, such defeasance or covenant defeasance shall be effected in
compliance with any additional or substitute terms, conditions or limitations in connection therewith pursuant to Section 301. 

(7) The Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating
that all conditions precedent provided for relating to either the defeasance under Section 1402 or the covenant defeasance under Section 1403 (as the case may be) have been complied with. 

SECTION 1405. Deposited Money and Government Obligations to Be Held in Trust; Other Miscellaneous Provisions. Subject to the
provisions of the last paragraph of Section 1003, all money and Government Obligations (or other property as may be provided pursuant to Section 301) (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee,
collectively for purposes of this Section 1405, the “Trustee”) pursuant to Section 1404 in respect of such Outstanding Securities and any related coupons shall be held in trust and applied by the Trustee, in accordance with the
provisions of such Securities and any related coupons and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Holders of such
Securities and any related coupons of all sums due and to become due thereon in respect of principal (and premium, if any) and interest, if any, but such money need not be segregated from other funds except to the extent required by law. 

 

 82 

 Unless otherwise specified with respect to any Security pursuant to Section 301, if,
after a deposit referred to in Section 1404(1) has been made, (a) the Holder of a Security in respect of which such deposit was made is entitled to, and does, elect pursuant to Section 312(b) or the terms of such Security to
receive payment in a Currency other than that in which the deposit pursuant to Section 1404(1) has been made in respect of such Security, or (b) a Conversion Event occurs as contemplated in Section 312(d) or 312(e) or
by the terms of any Security in respect of which the deposit pursuant to Section 1404(1) has been made, the indebtedness represented by such Security and any related coupons shall be deemed to have been, and will be, fully discharged and
satisfied through the payment of the principal of (and premium, if any) and interest, if any, on such Security as they become due out of the proceeds yielded by converting (from time to time as specified below in the case of any such election) the
amount or other property deposited in respect of such Security into the Currency in which such Security becomes payable as a result of such election or Conversion Event based on the applicable Market Exchange Rate for such Currency in effect on the
third Business Day prior to each payment date, except, with respect to a Conversion Event, for such Currency in effect (as nearly as feasible) at the time of the Conversion Event. 

The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or
Government Obligations deposited pursuant to Section 1404 or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of such Outstanding Securities and
any related coupons. Notwithstanding anything to the contrary contained herein, the foregoing sentence shall survive the termination of this Indenture and the earlier resignation or removal of the Trustee. 

Anything in this Article Fourteen to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time
upon Company Request any money or Government Obligations (or other property and any proceeds therefrom) held by it as provided in Section 1404 which, in the opinion of a nationally recognized firm of independent public accountants expressed in
a written certification thereof delivered to the Trustee, are in excess of the amount thereof which would then be required to be deposited to effect a defeasance or covenant defeasance, as applicable, in accordance with this Article. 

SECTION 1406. Reinstatement. If the Trustee or any Paying Agent is unable to apply any money in accordance with
Section 1405 with respect to any Securities by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Company’s obligations under this Indenture and
such Securities and any related coupons shall be revived and reinstated as though no deposit had occurred pursuant to Section 1402 or 1403, as the case may be, until such time as the Trustee or Paying Agent is permitted to apply all such money
in accordance with Section 1405; provided, however, that if the Company makes any payment of principal of (or premium, if any) or interest, if any, on any such Security or any related coupon following the reinstatement of its obligations, the
Company shall be subrogated to the rights of the Holders of such Securities and any related coupons to receive such payment from the money held by the Trustee or Paying Agent. 

 

 83 

 ARTICLE FIFTEEN 

MEETINGS OF HOLDERS OF SECURITIES 

SECTION 1501. Purposes for Which Meetings May Be Called. If Securities of a series are issuable as Bearer Securities, a
meeting of Holders of Securities of such series may be called at any time and from time to time pursuant to this Article to make, give or take any request, demand, authorization, direction, notice, consent, waiver or other action provided by
this Indenture to be made, given or taken by Holders of Securities of such series. 
 SECTION 1502. Call, Notice and
Place of Meetings. The Trustee may at any time call a meeting of Holders of Securities of any series for any purpose specified in Section 1501, to be held at such time and at such place in The City of New York or in London as the Trustee
shall determine. Notice of every meeting of Holders of Securities of any series, setting forth the time and the place of such meeting and in general terms the action proposed to be taken at such meeting, shall be given, in the manner provided for in
Section 106, not less than 21 nor more than 180 days prior to the date fixed for the meeting. 
 (a) In case at any time
the Company, pursuant to a Board Resolution, or the Holders of at least 10% in principal amount of the Outstanding Securities of any series shall have requested the Trustee to call a meeting of the Holders of Securities of such series for any
purpose specified in Section 1501, by written request setting forth in reasonable detail the action proposed to be taken at the meeting, and the Trustee shall not have made the first publication of the notice of such meeting within 21 days
after receipt of such request or shall not thereafter proceed to cause the meeting to be held as provided herein, then the Company or the Holders of Securities of such series in the amount above specified, as the case may be, may determine the time
and the place in The City of New York or in London for such meeting and may call such meeting for such purposes by giving notice thereof as provided in paragraph (a) of this Section. 

SECTION 1503. Persons Entitled to Vote at Meetings. To be entitled to vote at any meeting of Holders of Securities of any
series, a Person shall be (1) a Holder of one or more Outstanding Securities of such series, or (2) a Person appointed by an instrument in writing as proxy for a Holder or Holders of one or more Outstanding Securities of such series by
such Holder of Holders. The only Persons who shall be entitled to be present or to speak at any meeting of Holders of Securities of any series shall be the Person entitled to vote at such meeting and their counsel, any representatives of the Trustee
and its counsel and any representatives of the Company and its counsel. 
 SECTION 1504. Quorum; Action. The Persons
entitled to vote a majority in principal amount of the Outstanding Securities of a series shall constitute a quorum for a meeting of Holders of Securities of such series; provided, however, that, if any action is to be taken at such meeting with
respect to a consent or waiver which this Indenture expressly provides may be given by the Holders of not less than a specified percentage in principal amount of the 

 

 84 

 
Outstanding Securities of a series, the Persons entitled to vote such specified percentage in principal amount of the Outstanding Securities of such series shall constitute a quorum. In the
absence of a quorum within 30 minutes of the time appointed for any such meeting, the meeting shall, if convened at the request of Holders of Securities of such series, be dissolved. In any other case the meeting may be adjourned for a period of not
less than 10 days as determined by the chairman of the meeting prior to the adjournment of such meeting. In the absence of a quorum at any such adjourned meeting, such adjourned meeting may be further adjourned for a period of not less than 10 days
as determined by the chairman of the meeting prior to the adjournment of such adjourned meeting. Notice of the reconvening of any adjourned meeting shall be given as provided in Section 1502(a), except that such notice need be given only once
not less than five days prior to the date on which the meeting is scheduled to be reconvened. Notice of the reconvening of any adjourned meeting shall state expressly the percentage, as provided above, of the principal amount of the Outstanding
Securities of such series which shall constitute a quorum. 
 Except as limited by the proviso to Section 902, any
resolution presented to a meeting or adjourned meeting duly reconvened at which a quorum is present as aforesaid may be adopted by the affirmative vote of the Holders of a majority in principal amount of the Outstanding Securities of such series;
provided, however, that, except as limited by the proviso to Section 902, any resolution with respect to any request, demand, authorization, direction, notice, consent, waiver or other action which this Indenture expressly
provides may be made, given or taken by the Holders of a specified percentage, which is less than a majority, in principal amount of the Outstanding Securities of a series may be adopted at a meeting or an adjourned meeting duly reconvened and at
which a quorum is present as aforesaid by the affirmative vote of the Holders of not less than such specified percentage in principal amount of the Outstanding Securities of such series. 

Any resolution passed or decision taken at any meeting of Holders of Securities of any series duly held in accordance with this
Section shall be binding on all the Holders of Securities of such series and the related coupons, whether or not present or represented at the meeting. 

Notwithstanding the foregoing provisions of this Section 1504, if any action is to be taken at a meeting of Holders of Securities of
any series with respect to any request, demand, authorization, direction, notice, consent, waiver or other action that this Indenture expressly provides may be made, given or taken by the Holders of a specified percentage in principal amount of all
Outstanding Securities affected thereby, or of the Holders of such series and one or more additional series: 

(i) there shall be no minimum quorum requirement for such meeting; and 

(ii) the principal amount of the Outstanding Securities of such series that vote in favor of such request, demand,
authorization, direction, notice, consent, waiver or other action shall be taken into account in determining whether such request, demand, authorization, direction, notice, consent, waiver or other action has been made, given or taken under this
Indenture. 
  

 85 

 SECTION 1505. Determination of Voting Rights; Conduct and Adjournment of
Meetings. Notwithstanding any provisions of this Indenture, the Trustee may make such reasonable regulations as it may deem advisable for any meeting of Holders of Securities of a series in regard to proof of the holding of Securities of such
series and of the appointment of proxies and in regard to the appointment and duties of inspectors of votes, the submission and examination of proxies, certificates and other evidence of the right to vote, and such other matters concerning the
conduct of the meeting as its shall deem appropriate. Except as otherwise permitted or required by any such regulations, the holding of Securities shall be proved in the manner specified in Section 104 and the appointment of any proxy shall be
proved in the manner specified in Section 104 or by having the signature of the person executing the proxy witnessed or guaranteed by any trust company, bank or banker authorized by Section 104 to certify to the holding of Bearer
Securities. Such regulations may provide that written instruments appointing proxies, regular on their face, may be presumed valid and genuine without the proof specified in Section 104 or other proof. 

(a) The Trustee shall, by an instrument in writing appoint a temporary chairman of the meeting, unless the meeting shall have been called
by the Company or by Holders of Securities as provided in Section 1502(b), in which case the Company or the Holders of Securities of the series calling the meeting, as the case may be, shall in like manner appoint a temporary chairman. A
permanent chairman and a permanent secretary of the meeting shall be elected by vote of the Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting. 

(b) At any meeting each Holder of a Security of such series or proxy shall be entitled to one vote for each $1,000 principal amount of
Outstanding Securities of such series held or represented by him (determined as specified in the definition of “Outstanding” in Section 101); provided, however, that no vote shall be cast or counted at any meeting in
respect of any Security challenged as not Outstanding and ruled by the chairman of the meeting to be not Outstanding. The chairman of the meeting shall have no right to vote, except as a Holder of a Security of such series or proxy. 

(c) Any meeting of Holders of Securities of any series duly called pursuant to Section 1502 at which a quorum is present may be
adjourned from time to time by Persons entitled to vote a majority in principal amount of the Outstanding Securities of such series represented at the meeting; and the meeting may be held as so adjourned without further notice. 

SECTION 1506. Counting Votes and Recording Action of Meetings. The vote upon any resolution submitted to any meeting of
Holders of Securities of any series shall be by written ballots on which shall be subscribed the signatures of the Holders of Securities of such series or of their representatives by proxy and the principal amounts and serial numbers of the
Outstanding Securities of such series held or represented by them. The permanent chairman of the meeting shall appoint two inspectors of votes who shall count all votes cast at the meeting for or against any resolution and who shall make and file
with the secretary of the meeting their verified written reports in duplicate of all votes cast at the meeting. A record, at least in duplicate, of the proceedings of each meeting of Holders of Securities of any series shall be prepared by the
Secretary of the meeting and there shall be attached to said record the original 
  

 86 

 
reports of the inspectors of votes on any vote by ballot taken thereat and affidavits by one or more persons having knowledge of the facts setting forth a copy of the notice of the meeting and
showing that said notice was given as provided in Section 1502 and, if applicable, Section 1504. Each copy shall be signed and verified by the affidavits of the permanent chairman and secretary of the meeting and one such copy shall be
delivered to the Company, and another to the Trustee to be preserved by the Trustee, the latter to have attached thereto the ballots voted at the meeting. Any record so signed and verified shall be conclusive evidence of the matters therein stated.
The provisions of articles 86 to 94.8 of the Luxembourg law of August 10, 1915 on commercial companies, as amended, are hereby excluded. 

This Indenture may be executed in any number of counterparts, each of which so executed shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same Indenture. 
  

 87 

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

			
	 COCA-COLA ENTERPRISES INC.,

as Issuer

		
	By:	 	  

		 	Name: 
		 	Title:   
	
	 DEUTSCHE BANK TRUST COMPANY AMERICAS

as Trustee

		
	By:	 	  

		 	Name: 
		 	Title:   
		
	By:	 	  

		 	Name: 
		 	Title:   

  

 88 

 EXHIBIT A 

FORMS OF CERTIFICATION 
  

 A-1 

 EXHIBIT A-1 

FORM OF CERTIFICATE TO BE GIVEN BY 

PERSON ENTITLED TO RECEIVE BEARER SECURITY 

OR TO OBTAIN INTEREST PAYABLE PRIOR 

TO THE EXCHANGE DATE 

CERTIFICATE 

[Insert title or sufficient description 

of Securities to be delivered] 

This is to certify that as of the date hereof, and except as set forth below, the above-captioned Securities held by you for our account
(i) are owned by person(s) that are not citizens or residents of the United States, domestic partnerships, domestic corporations, any estate the income of which is subject to United States federal income taxation regardless of its source or any
trust if a court within the United States is able to exercise primary supervision over the administration of the trust and one or more United States persons have the authority to control all substantial decisions of the trust (“United States
person(s)”), (ii) are owned by United States person(s) that are (a) foreign branches of United States financial institutions (financial institutions, as defined in United States Treasury Regulations
Section 1.165-12(c)(1)(v) are herein referred to as “financial institutions”) purchasing for their own account or for resale, or (b) United States person(s) who acquired the Securities through foreign branches of United
States financial institutions and who hold the Securities through such United States financial institutions on the date hereof (and in either case (a) or (b), each such United States financial institution hereby agrees, on its own behalf or
through its agent, that you may advise Coca-Cola Enterprises Inc. or its agent that such financial institution will comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the United States Internal Revenue Code of 1986,
as amended, and the regulations thereunder), or (iii) are owned by United States or foreign financial institution(s) for purposes of resale during the restricted period (as defined in United States Treasury Regulations
Section 1.163-5(c)(2)(i)(D)(7)), and, in addition, if the owner is a United States or foreign financial institution described in clause (iii) above (whether or not also described in clause (i) or (ii)), this is to further certify that
such financial institution has not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions. 

As used herein, “United States” means the United States of America (including the states and the District of Columbia); and its
“possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 

We undertake to advise you promptly by tested telex on or prior to the date on which you intend to submit your certification relating to
the above-captioned Securities held by you for our account in accordance with your Operating Procedures if any applicable statement herein is not correct on such date, and in the absence of any such notification it may be assumed that this
certification applies as of such date. 
  

 A-1-1 

 This certificate excepts and does not relate to
[U.S.$]                 of such interest in the above-captioned Securities in respect of which we are not able to certify and as to which we understand an
exchange for an interest in a permanent global Security or an exchange for and delivery of definitive Securities (or, if relevant, collection of any interest) cannot be made until we do so certify. 

We understand that this certificate may be required in connection with certain tax legislation in the United States. If administrative or
legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to any interested party in such proceedings. 

Dated: 
 [To be dated no earlier than the 15th
day 
 prior to (i) the Exchange Date or (ii) the 

relevant Interest Payment Date occurring 
 prior
to the Exchange Date, as applicable] 
  

	
	[Name of Person Making Certification]
	
	  

	(Authorized Signatory)
	Name:
	Title:

  

 A-1-2 

 EXHIBIT A-2 

FORM OF CERTIFICATE TO BE GIVEN BY EUROCLEAR 

AND CLEARSTREAM IN 

CONNECTION WITH THE EXCHANGE OF A PORTION OF A 

TEMPORARY GLOBAL SECURITY OR TO OBTAIN INTEREST 

PAYABLE PRIOR TO THE EXCHANGE DATE 

CERTIFICATE 

[Insert title or sufficient description 

of Securities to be delivered] 

This is to certify that based solely on written certifications that we have received in writing, by tested telex or by electronic
transmission from each of the persons appearing in our records as persons entitled to a portion of the principal amount set forth below (our “Member Organizations”) substantially in the form attached hereto, as of the date hereof,
[U.S.$]                     principal amount of the above-captioned Securities (i) is owned by person(s) that are not citizens or
residents of the United States, domestic partnerships, domestic corporations or any estate the income of which is subject to United States Federal income taxation regardless of its source or any trust if a court within the United States is able to
exercise primary supervision over the administration of the trust and one or more United States persons have the authority to control all substantial decisions of the trust (“United States person(s)”), (ii) is owned by United States
person(s) that are (a) foreign branches of United States financial institutions (financial institutions, as defined in U.S. Treasury Regulations Section 1.165-12(c)(1)(v) are herein referred to as “financial institutions”)
purchasing for their own account or for resale, or (b) United States person(s) who acquired the Securities through foreign branches of United States financial institutions and who hold the Securities through such United States financial
institutions on the date hereof (and in either case (a) or (b), each such financial institution has agreed, on its own behalf or through its agent, that we may advise Coca-Cola Enterprises Inc. or its agent that such financial institution will
comply with the requirements of Section 165(j)(3)(A), (B) or (C) of the Internal Revenue Code of 1986, as amended, and the regulations thereunder), or (iii) is owned by United States or foreign financial institution(s) for
purposes of resale during the restricted period (as defined in United States Treasury Regulations Section 1.163-5(c)(2)(i)(D)(7)) and, to the further effect, that financial institutions described in clause (iii) above (whether or not also
described in clause (i) or (ii)) have certified that they have not acquired the Securities for purposes of resale directly or indirectly to a United States person or to a person within the United States or its possessions. 

As used herein, “United States” means the United States of America (including the states and the District of Columbia); and its
“possessions” include Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands. 

We further certify that (i) we are not making available herewith for exchange (or, if relevant, collection of any interest) any
portion of the temporary global Security representing 
  

 A-2-1 

 
the above-captioned Securities excepted in the above-referenced certificates of Member Organizations and (ii) as of the date hereof we have not received any notification from any of our
Member Organizations to the effect that the statements made by such Member Organizations with respect to any portion of the part submitted herewith for exchange (or, if relevant, collection of any interest) are no longer true and cannot be relied
upon as of the date hereof. 
 We understand that this certification is required in connection with certain tax legislation in
the United States. If administrative or legal proceedings are commenced or threatened in connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certificate or a copy thereof to any interested
party in such proceedings. 
 Dated: 

{To be dated no earlier than the Exchange 
 Date
or the relevant Interest Payment 
 Date occurring prior to the Exchange Date, 

as applicable} 
  

	
	[EUROCLEAR BANK S.A./N.V.]
	[CLEARSTREAM]
	
	  

	By

  

 A-2-2

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