Document:

Amendment Agreement to Credit Agreement, dated as of January 25, 2010

 Exhibit 10.1 
 AMENDMENT AGREEMENT (this “Agreement”) dated as of January 25, 2010, among HEXION LLC, a Delaware
limited liability company (“Holdings”), HEXION SPECIALTY CHEMICALS, INC., a New Jersey corporation (the “U.S. Borrower”), HEXION SPECIALTY CHEMICALS CANADA, INC., a Canadian corporation (the “Canadian
Borrower”), HEXION SPECIALTY CHEMICALS B.V., a company organized under the laws of The Netherlands (the “Dutch Borrower”), HEXION SPECIALTY CHEMICALS UK LIMITED, a corporation organized under the laws of England and Wales,
and BORDEN CHEMICAL UK LIMITED, a corporation organized under the laws of England and Wales (together, the “U.K. Borrowers” and, together with the U.S. Borrower, the Canadian Borrower, and the Dutch Borrower, the
“Borrowers”), each Subsidiary Loan Party (as defined in the Existing Credit Agreement (as defined below)) party hereto, the LENDERS party hereto and JPMORGAN CHASE BANK, N.A., as administrative agent under the Second Amended and
Restated Credit Agreement dated as of November 3, 2006, among Holdings, the Borrowers, the Lenders party thereto from time to time and the agents, arrangers and bookrunners party thereto, as in effect on the date hereof (the “Existing
Credit Agreement”). 
 WHEREAS, Holdings and the U.S. Borrower desire to amend the Existing Credit Agreement and
certain other Loan Documents (such term and other terms used in these recitals and not otherwise defined having the meaning set forth in Section 1 below) to extend the maturity of certain of the Term Loans, permit the issuance on the Amendment
Effective Date of senior secured notes secured by a lien junior to the Obligations a portion of the proceeds of which will be applied to prepay certain Term Loans, permit the Borrowers to enter into future extensions of the Term Loans and the
Revolving Facility Commitments, permit the future issuance of Indebtedness (including Indebtedness that is secured on a pari passu basis with the U.S. Obligations) the proceeds of which (subject to certain exceptions) shall be applied to prepay the
Loans, and make certain other changes set forth herein and in the Amended Credit Agreement (as defined below); 
 WHEREAS, each
Lender holding Term Loans who executes and delivers this Amendment as an “Extending Term Lender” has agreed to extend the maturity of all or a portion of such Lender’s Term Loans in accordance with the terms and subject to the
conditions set forth herein; and 
 WHEREAS, each Lender who executes and delivers this Amendment has agreed to amend the Loan
Documents to reflect the terms set forth herein, subject to the conditions set forth herein; 
 NOW, THEREFORE, Holdings, the
Borrowers, each Subsidiary Loan Party, the Required Amendment Lenders, the Extending Term Lenders and the Administrative Agent hereby agree as follows: 
 SECTION 1. Defined Terms. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Amended Credit Agreement referred to below or, if not defined therein,
in the Existing Credit Agreement. As used in this Agreement, “Required Amendment Lenders” means, at any time, the Required Lenders (as defined in the Existing Credit Agreement). 

 SECTION 2. Amendment and Restatement of the Existing Credit Agreement; Amendment and
Restatement of the Collateral Agreement. (a) Subject to the terms and conditions set forth herein, on the Amendment Effective Date, the Existing Credit Agreement shall be amended and restated to read in its entirety as set forth in
Exhibit A hereto (the “Amended Credit Agreement”), and the Administrative Agent is hereby directed by the Required Amendment Lenders and the Extending Term Lenders to enter into such Loan Documents and to take such other
actions as may be required to give effect to the transactions contemplated hereby. From and after the effectiveness of such amendment and restatement, the terms “Agreement”, “this Agreement”, “herein”,
“hereinafter”, “hereto”, “hereof” and words of similar import, as used in the Amended Credit Agreement, shall, unless the context otherwise requires, refer to the Existing Credit Agreement as amended and restated in the
form of the Amended Credit Agreement, and the term “Credit Agreement”, as used in the other Loan Documents, shall mean the Amended Credit Agreement. The Lenders further consent to the entry by the Administrative Agent into the amendment of
any Security Document (including, without limitation, (x) any foreign law Security Document in effect on the Amendment Effective Date or entered into subsequent thereto or (y) further amendments to the documents attached hereto) deemed
necessary or advisable by the Administrative Agent in connection with the Amended Credit Agreement or the incurrence of any First Lien Notes in order to secure any First Lien Notes or other Indebtedness by the Collateral as permitted by the Amended
Credit Agreement or advisable based on the advice of counsel. 
 (b) Subject to the terms and conditions set forth herein, on
the Amendment Effective Date, the Collateral Agreement (as defined in the Existing Credit Agreement) shall be amended and restated to read in its entirety as set forth in Exhibit B hereto (the “Amended Collateral
Agreement”), and the Administrative Agent is hereby directed by the Required Amendment Lenders to enter into such Loan Documents and to take such other actions as may be required to give effect to the transactions contemplated hereby. From
and after the effectiveness of such amendment and restatement, the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof” and words of similar import, as used in
the Amended Collateral Agreement, shall, unless the context otherwise requires, refer to the Collateral Agreement as amended and restated in the form of the Amended Collateral Agreement, and the term “Collateral Agreement”, as used in the
other Loan Documents, shall mean the Amended Collateral Agreement. 
 SECTION 3. Conditions. The amendments set forth in
Section 2 shall become effective on the date (“Amendment Effective Date”) when each of the following conditions has been satisfied (or waived as set forth in Section 9.08 of the Amended Credit Agreement): 
 (a) The Administrative Agent (or its counsel) shall have received from each party hereto either (a) a counterpart of this Agreement
signed on behalf of such party or (b) written evidence satisfactory to the Administrative Agent (which may include telecopy transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement.

  

 2 

 (b) Prior to or substantially concurrently with the closing under the
Amended Credit Agreement, at least $800.0 million of proceeds from the issuance of the New 1- 1/2 Lien Notes shall have been applied (the “Term Loan Prepayment”) as follows: 
 (i) first, such proceeds shall be delivered to the Administrative Agent for application as a prepayment of Term Loans of the U.S. Borrower pursuant to Section 2.12(a) of the Amended Credit
Agreement, to be applied pro rata to the Borrowings of the Lenders under such Term Loans that have (1) indicated on signature pages hereto that they are accepting the proceeds of the New 1- 1/2 Lien Notes (up to the relevant Cap indicated on each such signature
page, if any) or (2) made no election (all such Lenders, “Prepayment Lenders”), and 
 (ii) second, to the extent the amount of Term Loans of Prepayment Lenders repaid pursuant to clause (i) above is less than $800 million, the remaining proceeds shall be delivered to the Administrative Agent for application as a
prepayment of Term Loans of the U.S. Borrower pursuant to Section 2.12(a) of the Amended Credit Agreement, to be applied pro rata to the Borrowings of all Lenders under such Term Loans. 
 (c) Lenders holding Term Loans in an aggregate principal amount of at least $500 million, after giving effect to the Term Loan Prepayment,
shall have elected (the “Extending Term Lenders”) to become Lenders holding Extended Maturity Term Loans subject to all of the rights, obligations and conditions thereto under the Amended Credit Agreement by executing the
appropriate signature page in accordance with Section 4(b) hereof and delivering to the Administrative Agent such signature page stating the amount of each applicable Class of Term Loan outstanding, after giving effect to the Term Loan
Prepayment, that such Lender would like to extend and convert into an Extended Maturity Term Loan. 
 (d) Each Term Lender
executing this Amendment as an Extending Term Lender shall have received, if requested by it, one or more replacement Notes payable to the order of such Extending Term Lender duly executed by the applicable Borrower pursuant to Section 2.10(e)
of the Amended Credit Agreement evidencing such Lenders’ Term Loans, as extended; provided that such Lender shall have returned to the U.S. Borrower any Note held by it prior to the Amendment Effective Date. 
 (e) The Administrative Agent shall have received, on behalf of itself, the Lenders and each Issuing Bank on the Amendment Effective Date, a
written opinion of (i) O’Melveny & Myers LLP, special counsel for Holdings and the Borrowers, in form and substance reasonably satisfactory to the Administrative Agent, and (ii) local U.S. and foreign counsel reasonably
satisfactory to the Administrative Agent as specified on Schedule 1, in each case (a) dated the Amendment Effective Date, (b) addressed to each Issuing Bank on the Amendment Effective Date, the Administrative Agent and the Lenders and
(c) in form and substance reasonably satisfactory to the Administrative Agent and covering such other matters relating to the Loan

  

 3 

 
Documents and the Transactions as the Administrative Agent shall reasonably request, and each of Holdings and each Borrower hereby instructs its counsel to deliver such opinions. 
 (f) The Administrative Agent shall have received from the U.S. Borrower a consent fee payable for the account of each Lender (other than a
Defaulting Lender) that has returned an executed signature page to this Agreement to the Administrative Agent at or prior to 5:00 p.m., New York City time on January 20, 2010 (the “Consent Deadline” and each such Lender, a
“Consenting Lender”) equal to 0.10% of the sum of (x) the aggregate principal amount of Term Loans (before giving effect to the Term Loan Prepayment), if any, held by such Consenting Lender as of the Consent Deadline with
respect to which a consent was delivered and (y) the aggregate amount of the Revolving Credit Commitment, if any, of such Consenting Lender as of the Consent Deadline with respect to which a consent was delivered. 
 (g) The Administrative Agent shall have received from Wilmington Trust FSB, as Trustee and Collateral Agent with respect
to the New 1- 1/2 Lien Notes, the U.S. Borrower and
each Domestic Subsidiary Loan Party, a counterpart of the New 1- 1/2 Lien Intercreditor Agreement, duly executed and delivered on behalf of such person. 
 (h) The Administrative Agent shall have received all fees payable thereto on or prior to the Amendment Effective Date and, to the extent invoiced, all other amounts due and payable pursuant to the Loan
Documents on or prior to the Amendment Effective Date, including, to the extent invoiced, reimbursement or payment of all reasonable out-of-pocket expenses (including reasonable fees, charges and disbursements of Simpson Thacher & Bartlett
LLP) required to be reimbursed or paid by the Loan Parties hereunder or under any Loan Document. 
 (i) A Reaffirmation
Agreement substantially in the form of Exhibit C hereto shall have been delivered by each party thereto. 
 SECTION 4.
Certain Consequences of Effectiveness. 
 (a) On and after the Amendment Effective Date, the rights and obligations of
the parties to the Existing Credit Agreement and each other Loan Document (as defined in the Existing Credit Agreement, the “Existing Loan Documents”) shall be governed by the Amended Credit Agreement and each Existing Loan Document
as amended hereby; provided that the rights and obligations of the parties to the Existing Credit Agreement and the other Existing Loan Documents with respect to the period prior to the Amendment Effective Date shall continue to be governed
by the provision of the Existing Credit Agreement and Existing Loan Documents prior to giving effect to this Amendment and the amendments contemplated hereby. The Existing Credit Agreement and the other Existing Loan Documents, as specifically
amended hereby, are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects. 
 (b) On the Amendment Effective Date each Lender holding Term Loans that has executed and delivered a counterpart to this Amendment as an Extending Term Lender and has designated on its signature page an aggregate principal amount of each
applicable Class of its Term Loans (after giving effect to the Term Loan Prepayment) to be treated as an Extended

  

 4 

 
Maturity Term Loan (such amount, the “Extended Term Loan Amount”) shall have such Classes of its Term Loans automatically converted into an Extended Maturity Term Loan of such
Class for the purpose of the Amended Credit Agreement in an aggregate principal amount equal to its Extended Term Loan Amount in the following manner: Tranche C-1 Loans shall be converted into Tranche C-1B Loans, Tranche C-2 Loans shall be converted
into Tranche C-2B Loans, Tranche C-4 Loans shall be converted into Tranche C-4B Loans, Tranche C-5 Loans shall be converted into Tranche C-5B Loans, Tranche C-6 Loans shall be converted into Tranche C-6B Loans, and Tranche C-7 Loans shall be
converted into Tranche C-7B Loans. On the Amendment Effective Date all Term Loans that are not converted pursuant to the preceding sentence shall instead automatically be converted in the following manner: Tranche C-1 Loans shall be converted into
Tranche C-1A Loans, Tranche C-2 Loans shall be converted into Tranche C-2A Loans, Tranche C-4 Loans shall be converted into Tranche C-4A Loans, Tranche C-5 Loans shall be converted into Tranche C-5A Loans, Tranche C-6 Loans shall be converted into
Tranche C-6A Loans, and Tranche C-7 Loans shall be converted into Tranche C-7A Loans. 
 (c) All Revolving Loans, Swingline
Loans and Revolving Letters of Credit (including Tranche C-3 Letters of Credit) and all Tranche C-3 Credit Linked Deposits, outstanding or funded, as applicable, under the Existing Credit Agreement on and as of the Amendment Effective Date after
giving effect to the Transactions shall remain outstanding or funded, as applicable, under the Amended Credit Agreement and the terms of the Amended Credit Agreement will govern the rights of the Lenders and any Issuing Bank with respect thereto
from and after the Amendment Effective Date. 
 SECTION 5. Effectiveness; Counterparts; Amendments. This Agreement shall
become effective when copies hereof that, when taken together, bear the signatures of Holdings, the Borrowers and the Required Amendment Lenders shall have been received by the Administrative Agent. This Agreement may not be amended nor may any
provision hereof be waived except pursuant to a writing signed by Holdings, the Borrowers and the Required Amendment Lenders. This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which
when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 6. No Novation. This Agreement shall not extinguish the Loans outstanding under the Existing Credit Agreement. Nothing herein
contained shall be construed as a substitution or novation of the Loans outstanding under the Existing Credit Agreement, which shall remain outstanding after the Amendment Effective Date as modified hereby. Notwithstanding any provision of this
Agreement, the provisions of Sections 2.16, 2.17, 2.18 and 9.05 of the Existing Credit Agreement as in effect immediately prior to the Amendment Effective Date will continue to be effective as to all matters arising out of or in any way related to
facts or events existing or occurring prior to the Amendment Effective Date. 
 SECTION 7. Notices. All notices hereunder
shall be given in accordance with the provisions of Section 9.01 of the Amended Credit Agreement. 
  

 5 

 SECTION 8. Applicable Law; Waiver of Jury Trial. (A) THIS AGREEMENT SHALL BE
CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 (B) EACH PARTY HERETO HEREBY AGREES AS SET
FORTH IN SECTION 9.12 OF THE EXISTING CREDIT AGREEMENT AS IF SUCH SECTION WERE SET FORTH IN FULL HEREIN. 
  

 6 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment Agreement to be duly
executed by their respective authorized officers as of the day and year first written above. 
  

			
	HEXION LLC
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:
	
	HEXION SPECIALTY CHEMICALS, INC.
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:
	
	HEXION SPECIALTY CHEMICALS CANADA, INC.
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:

			
	HEXION SPECIALTY CHEMICALS B.V.
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:
	
	HEXION SPECIALTY CHEMICALS UK LIMITED
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:
	
	BORDEN CHEMICAL UK LIMITED
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:

			
	BORDEN CHEMICAL FOUNDRY, LLC
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:
	
	BORDEN CHEMICAL INTERNATIONAL, INC.
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:
	
	BORDEN CHEMICAL INVESTMENTS, INC.
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:
	
	HEXION CI HOLDING COMPANY (CHINA) LLC
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:
	
	HEXION U.S. FINANCE CORP.
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:

			
	HSC CAPITAL CORPORATION
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:
	
	LAWTER INTERNATIONAL INC.
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:
	
	OILFIELD TECHNOLOGY GROUP, INC.
		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:

			
	 JPMORGAN CHASE BANK, N.A.,
 as Administrative Agent and as a Lender

		
	By:	 	 /s/ Authorized Signatory

		 	Name:
		 	Title:

  
  
 EXHIBIT A 
 THIRD AMENDED AND RESTATED 
 CREDIT AGREEMENT 
 Dated as of January 29, 2010, 
 Among 
 HEXION LLC, 
 HEXION SPECIALTY CHEMICALS, INC., 
 as U.S. Borrower, 
 HEXION SPECIALTY CHEMICALS CANADA, INC., 
 as Canadian Borrower, 
 HEXION SPECIALTY CHEMICALS B.V., 
 as Dutch Borrower, 
 HEXION SPECIALTY CHEMICALS UK LIMITED 
 and 
 BORDEN CHEMICAL UK LIMITED, 
 as U.K. Borrowers, 
 THE LENDERS PARTY HERETO, 
 JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent, and

  
  
 J.P. MORGAN SECURITIES INC., 
 CREDIT SUISSE SECURITIES (USA) LLC 
 and 
 CITIGROUP GLOBAL MARKETS INC., 
 as Joint Lead Arrangers and Joint Bookrunners 
  
  
  

 TABLE OF CONTENTS 
  

					
	 ARTICLE I  DEFINITIONS
	  	1
			
	 SECTION 1.01.
	    	Defined Terms	  	1
	 SECTION 1.02.
	    	Terms Generally	  	69
	 SECTION 1.03.
	    	Effectuation of Transactions	  	69
	 SECTION 1.04.
	    	Currency Translation	  	69
		
	 ARTICLE II  THE CREDITS
	  	71
			
	 SECTION 2.01.
	    	Commitments	  	71
	 SECTION 2.02.
	    	Loans and Borrowings	  	72
	 SECTION 2.03.
	    	Requests for Borrowings	  	73
	 SECTION 2.04.
	    	Swingline Loans	  	74
	 SECTION 2.05.
	    	Letters of Credit	  	76
	 SECTION 2.06.
	    	Canadian Bankers’ Acceptances	  	85
	 SECTION 2.07.
	    	Funding of Borrowings	  	88
	 SECTION 2.08.
	    	Interest Elections	  	89
	 SECTION 2.09.
	    	Termination and Reduction of Commitments; Return of Tranche C-3 Credit-Linked Deposits	  	92
	 SECTION 2.10.
	    	Repayment of Loans and B/As; Evidence of Debt	  	93
	 SECTION 2.11.
	    	Repayment of Term Loans, B/As, Revolving Facility Loans and Tranche C-3 Credit-Linked Deposits	  	94
	 SECTION 2.12.
	    	Prepayment of Loans	  	98
	 SECTION 2.13.
	    	Fees	  	100
	 SECTION 2.14.
	    	Interest	  	102
	 SECTION 2.15.
	    	Alternate Rate of Interest	  	103
	 SECTION 2.16.
	    	Increased Costs	  	104
	 SECTION 2.17.
	    	Break Funding Payments	  	105
	 SECTION 2.18.
	    	Taxes	  	106
	 SECTION 2.19.
	    	Payments Generally; Pro Rata Treatment; Sharing of Set-offs	  	108
	 SECTION 2.20.
	    	Mitigation Obligations; Replacement of Lenders	  	110
	 SECTION 2.21.
	    	Incremental Commitments	  	111
	 SECTION 2.22.
	    	Illegality	  	116
	 SECTION 2.23.
	    	Credit-Linked Deposit Account	  	116
	 SECTION 2.24.
	    	Additional Reserve Costs	  	117
		
	 ARTICLE III  REPRESENTATIONS AND WARRANTIES
	  	118
			
	 SECTION 3.01.
	    	Organization; Powers	  	118
	 SECTION 3.02.
	    	Authorization	  	118
	 SECTION 3.03.
	    	Enforceability	  	119
	 SECTION 3.04.
	    	Governmental Approvals	  	119
	 SECTION 3.05.
	    	Financial Statements	  	119
	 SECTION 3.06.
	    	No Material Adverse Change or Material Adverse Effect	  	121
	 SECTION 3.07.
	    	Title to Properties; Possession Under Leases	  	121
	 SECTION 3.08.
	    	Subsidiaries	  	122
	 SECTION 3.09.
	    	Litigation; Compliance with Laws	  	122

  

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	 SECTION 3.10.
	    	Federal Reserve Regulations	  	123
	 SECTION 3.11.
	    	Investment Company Act	  	123
	 SECTION 3.12.
	    	Use of Proceeds	  	123
	 SECTION 3.13.
	    	Tax Returns	  	123
	 SECTION 3.14.
	    	No Material Misstatements	  	124
	 SECTION 3.15.
	    	Employee Benefit Plans	  	124
	 SECTION 3.16.
	    	Environmental Matters	  	125
	 SECTION 3.17.
	    	Security Documents	  	126
	 SECTION 3.18.
	    	Location of Real Property	  	128
	 SECTION 3.19.
	    	Solvency	  	128
	 SECTION 3.20.
	    	Labor Matters	  	129
	 SECTION 3.21.
	    	Insurance	  	129
	 SECTION 3.22.
	    	[reserved]	  	129
	 SECTION 3.23.
	    	First-Lien Indebtedness	  	130
	 SECTION 3.24.
	    	Dutch Banking Act	  	130
		
	 ARTICLE IV  CONDITIONS OF LENDING
	  	130
		
	 ARTICLE V  AFFIRMATIVE COVENANTS
	  	131
			
	 SECTION 5.01.
	    	Existence; Businesses and Properties	  	131
	 SECTION 5.02.
	    	Insurance	  	132
	 SECTION 5.03.
	    	Taxes	  	133
	 SECTION 5.04.
	    	Financial Statements, Reports, etc	  	133
	 SECTION 5.05.
	    	Litigation and Other Notices	  	136
	 SECTION 5.06.
	    	Compliance with Laws	  	136
	 SECTION 5.07.
	    	Maintaining Records; Access to Properties and Inspections	  	136
	 SECTION 5.08.
	    	Use of Proceeds	  	137
	 SECTION 5.09.
	    	Compliance with Environmental Laws	  	137
	 SECTION 5.10.
	    	Further Assurances; Additional Mortgages	  	137
	 SECTION 5.11.
	    	Fiscal Year; Accounting	  	140
	 SECTION 5.12.
	    	Rating	  	140
	 SECTION 5.13.
	    	Lender Meetings	  	140
	 SECTION 5.14.
	    	Post-Closing German Collateral Matters	  	140
	 SECTION 5.15.
	    	Financial Assistance	  	140
	 SECTION 5.16.
	    	U.K. Pension Matters	  	140
		
	 ARTICLE VI  NEGATIVE COVENANTS
	  	141
			
	 SECTION 6.01.
	    	Indebtedness	  	141
	 SECTION 6.02.
	    	Liens	  	146
	 SECTION 6.03.
	    	Sale and Lease Back Transactions	  	152
	 SECTION 6.04.
	    	Investments, Loans and Advances	  	153
	 SECTION 6.05.
	    	Mergers, Consolidations, Sales of Assets and Acquisitions	  	157
	 SECTION 6.06.
	    	Dividends and Distributions	  	159
	 SECTION 6.07.
	    	Transactions with Affiliates	  	162
	 SECTION 6.08.
	    	Business of the U.S. Borrower and the Subsidiaries	  	165

  

 - ii - 

					
	 SECTION 6.09.
	    	Limitation on Modifications and Payments of Indebtedness; Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc	  	166
	 SECTION 6.10.
	    	Capital Expenditures	  	168
	 SECTION 6.11.
	    	Senior Secured Bank Leverage Ratio	  	168
	 SECTION 6.12.
	    	Indenture Restricted Subsidiaries	  	168
	 SECTION 6.13.
	    	Swap Agreements	  	168
		
	 ARTICLE VIA  HOLDINGS NEGATIVE COVENANTS
	  	169
			
	 SECTION 6.01A.
	    	Holdings Negative Covenants	  	169
		
	ARTICLE VII  EVENTS OF DEFAULT	  	169
			
	 SECTION 7.01.
	    	Events of Default	  	169
	 SECTION 7.02.
	    	Exclusion of Certain Subsidiaries	  	173
	 SECTION 7.03.
	    	Right to Cure	  	173
		
	 ARTICLE VIII  THE AGENTS
	  	174
			
	 SECTION 8.01.
	    	Appointment	  	174
	 SECTION 8.02.
	    	Delegation of Duties	  	174
	 SECTION 8.03.
	    	Exculpatory Provisions	  	174
	 SECTION 8.04.
	    	Reliance by Administrative Agent	  	175
	 SECTION 8.05.
	    	Notice of Default	  	175
	 SECTION 8.06.
	    	Non-Reliance on Agents and Other Lenders	  	176
	 SECTION 8.07.
	    	Indemnification	  	176
	 SECTION 8.08.
	    	Agent in Its Individual Capacity	  	177
	 SECTION 8.09.
	    	Successor Administrative Agent	  	177
	 SECTION 8.10.
	    	Agents and Arrangers	  	177
	 SECTION 8.11.
	    	Additional Intercreditor Agreements	  	178
	 SECTION 8.12.
	    	Certain German Matters	  	178
	 SECTION 8.13.
	    	Certain Canadian Matters	  	179
	 SECTION 8.14.
	    	Foreign Obligations	  	179
	 SECTION 8.15.
	    	Certain Italian Matters	  	180
		
	 ARTICLE IX  MISCELLANEOUS
	  	181
			
	 SECTION 9.01.
	    	Notices	  	181
	 SECTION 9.02.
	    	Survival of Agreement	  	182
	 SECTION 9.03.
	    	Binding Effect	  	182
	 SECTION 9.04.
	    	Successors and Assigns	  	182
	 SECTION 9.05.
	    	Expenses; Indemnity	  	187
	 SECTION 9.06.
	    	Right of Set-off.	  	188
	 SECTION 9.07.
	    	Applicable Law	  	188
	 SECTION 9.08.
	    	Waivers; Amendment	  	188
	 SECTION 9.09.
	    	Interest Rate Limitation	  	191
	 SECTION 9.10.
	    	Conversion of Currencies	  	192
	 SECTION 9.11.
	    	Entire Agreement	  	192
	 SECTION 9.12.
	    	Waiver Of Jury Trial	  	193
	 SECTION 9.13.
	    	Severability	  	193

  

 - iii - 

					
	 SECTION 9.14.
	    	Counterparts	  	193
	 SECTION 9.15.
	    	Headings	  	193
	 SECTION 9.16.
	    	Jurisdiction; Consent to Service of Process	  	193
	 SECTION 9.17.
	    	Confidentiality	  	194
	 SECTION 9.18.
	    	JPMorgan Chase Bank, N.A. Direct Website Communications	  	195
	 SECTION 9.19.
	    	Release of Liens and Guarantees	  	196
	 SECTION 9.20.
	    	Dutch Parallel Debt	  	197
	 SECTION 9.21.
	    	German Parallel Debt; Limitation on Enforcement	  	199
	 SECTION 9.23.
	    	Power of Attorney	  	199
	 SECTION 9.24.
	    	Certain Approvals	  	200
	 SECTION 9.25.
	    	U.S.A. Patriot Act	  	200
	 SECTION 9.26.
	    	Czech Parallel Debt	  	200
	 SECTION 9.27.
	    	Scope of Obligations Guaranteed by Any Spanish Guarantor	  	201
		
	 ARTICLE X  COLLECTION ALLOCATION MECHANISM
	  	201
			
	 SECTION 10.01.
	    	Implementation of CAM	  	201
	 SECTION 10.02.
	    	Letters of Credit	  	203
	 SECTION 10.03.
	    	November 2006 Credit Agreement; Effectiveness of Amendment and Restatement	  	205

 Exhibits and Schedules 
  

			
	Exhibit E	  	Form of Collateral Agreement
	Exhibit F-1	  	Form of New 1-1/2 Lien Intercreditor Agreement
	Exhibit F-2	  	Form of First Lien Intercreditor Agreement
		
	Schedule 1.01A	  	Foreign Subsidiary Loan Parties
	Schedule 1.01B	  	Unrestricted Subsidiaries
	Schedule 2.01	  	Commitments
	Schedule 3.08(a)	  	Subsidiaries
	Schedule 3.08(b)	  	Subscriptions
	Schedule 3.21	  	Insurance
	Schedule 5.10(i)	  	Certain Matters
	Schedule 9.24	  	Certain Approvals

  

 - iv - 

 THIRD AMENDED AND RESTATED CREDIT AGREEMENT dated as of January 29, 2010 (this
“Agreement”), among HEXION LLC, a Delaware limited liability company (“Holdings”), HEXION SPECIALTY CHEMICALS, INC., a New Jersey corporation (the “U.S. Borrower”), HEXION SPECIALTY CHEMICALS
CANADA, INC., a Canadian corporation (the “Canadian Borrower”), HEXION SPECIALTY CHEMICALS B.V., a company organized under the laws of The Netherlands (the “Dutch Borrower”), HEXION SPECIALTY CHEMICALS UK LIMITED, a
corporation organized under the laws of England and Wales, and BORDEN CHEMICAL UK LIMITED, a corporation organized under the laws of England and Wales (together, the “U.K. Borrowers” and, together with the U.S. Borrower, the
Canadian Borrower and the Dutch Borrower, the “Borrowers”), the LENDERS party hereto from time to time, JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders, and J.P. MORGAN SECURITIES INC., CREDIT SUISSE SECURITIES
(USA) LLC and CITIGROUP GLOBAL MARKETS INC., as joint lead arrangers and joint bookrunners (in such capacity, the “Joint Lead Arrangers”). 
 Subject to the satisfaction or waiver of the conditions set forth in the Amendment Agreement dated as of January 25, 2010 (the “Amendment Agreement”), among Holdings, the Borrowers, the
Required Amendment Lenders (as defined therein) and JPMorgan Chase Bank, N.A., as administrative agent, the November 2006 Credit Agreement (as defined below) shall be amended and restated as provided herein. 
 ARTICLE I 
 Definitions 
 SECTION 1.01. Defined Terms. As used in this Agreement, the following
terms shall have the meanings specified below: 
 “2005 Credit Agreement” shall mean the Credit Agreement dated
as of May 31, 2005 among Holdings, the Borrowers, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, Citicorp North America, Inc., as syndication agent, and Credit Suisse, as documentation agent. 
 “2005 Transaction Agreement” shall have the meaning assigned to such term in the November 2006 Credit Agreement.

 “2005 Transaction Documents” shall have the meaning assigned to such term in the November 2006 Credit
Agreement. 
 “2005 Transactions” shall have the meaning assigned to such term in the November 2006 Credit
Agreement. 
 “2007 Transactions” shall mean, collectively, (a) the entering into of incremental
amendments to, and the incurrence of incremental loans under, the November 2006 Credit Agreement on June 15, 2007 and August 7, 2007, (b) the acquisition, directly or indirectly, of assets or equity interests of the German resins and
formaldehyde business of Arkema GmbH and (c) the payment of all fees and expenses in connection therewith, in each case entered into, acquired or paid in 2007. 

 “ABR” shall mean, for any day, a rate per annum equal
to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus  1/2 of 1%. For purposes hereof: “Prime Rate” shall mean the rate of interest per annum publicly announced from time to time by JPMorgan Chase
Bank, N.A. as its prime rate in effect at its principal office in New York City (the Prime Rate not being intended to be the lowest rate of interest charged by JPMorgan Chase Bank, N.A. in connection with extensions of credit to debtors). Any change
in the ABR due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective as of the opening of business on the effective day of such change in the Prime Rate or the Federal Funds Effective Rate, respectively.

 “ABR Borrowing” shall mean a Borrowing comprised of ABR Loans. 
 “ABR Loan” shall mean any ABR Term Loan, any ABR Revolving Loan or any Swingline Loan to the U.S. Borrower. 
 “ABR Revolving Borrowing” shall mean a Borrowing comprised of ABR Revolving Loans. 
 “ABR Revolving Loan” shall mean any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR
in accordance with the provisions of Article II. 
 “ABR Term Loan” shall mean any Term Loan bearing interest
at a rate determined by reference to the ABR in accordance with the provisions of Article II. 
 “Acquired Assets
Amount” shall have the meaning assigned to such term in Section 6.10(a). 
 “Acquired Assets”
shall mean, for any fiscal year, the total purchase price of assets acquired pursuant to Permitted Business Acquisitions after the Closing Date through the end of such fiscal year determined in accordance with GAAP; provided that if a
Permitted Business Acquisition is not consummated during the first quarter of a fiscal year, Acquired Assets for such fiscal year shall be determined by multiplying the amount attributable to such Permitted Business Acquisition by (i) 0.75 if
such Permitted Business Acquisition is consummated during the second quarter of such fiscal year, (ii) 0.50 if such Permitted Business Acquisition is consummated during the third quarter of such fiscal year and (iii) 0.25 if such Permitted
Business Acquisition is consummated during the fourth quarter of such fiscal year. 
 “Additional Mortgage”
shall have the meaning assigned to such term in Section 5.10(c). 
 “Adjusted Eurocurrency
Rate” shall mean, with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next  1/16 of 1%) equal to (a) (i) for any Eurocurrency Borrowing
denominated in U.S. Dollars or Sterling, the LIBO Rate, or (ii) for any Eurocurrency Borrowing denominated in 

  

 2 

 
euros, the EURO LIBO Rate, in each case in effect for such Interest Period divided by (b) one minus the Statutory Reserves applicable to such Eurocurrency Borrowing, if any. 
 “Adjustment Date” shall have the meaning assigned to such term in the definition of the term “Applicable Margin.”

 “Administrative Agent” shall mean JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the
Lenders hereunder, or, as applicable, such Affiliates thereof as it shall from time to time designate for the purpose of performing its obligations hereunder in such capacity, including initially (a) with respect to a Loan or Borrowing made to
the Dutch Borrower or a U.K. Borrower, J.P. Morgan Europe Limited, and (b) with respect to a Loan or Borrowing made to, or a B/A Drawing drawn by, the Canadian Borrower, JPMorgan Chase Bank, N.A., Toronto Branch. References to the
“Administrative Agent” shall also include J.P. Morgan Europe Limited or any other Affiliate of JPMorgan Chase Bank, N.A. or any other person designated by JPMorgan Chase Bank, N.A., in each case acting in its capacity as
“Security Trustee”, “Trustee” or “Agent” under any Security Document relating to collateral provided under the laws of any United Kingdom jurisdiction, or acting in any similar capacity under any
other Security Document under the laws of the United States or any other jurisdiction. Notwithstanding the foregoing, for purposes of Section 9.20, the term “Administrative Agent” shall mean JPMorgan Chase Bank, N.A. and any successor
agent appointed pursuant to Section 8.09. 
 “Administrative Agent Fees” shall have the meaning assigned
to such term in Section 2.13(e). 
 “Administrative Questionnaire” shall mean an Administrative
Questionnaire in the form of Exhibit B to the November 2006 Credit Agreement or in such other form as may be supplied by the Administrative Agent. 
 “Affiliate” shall mean, when used with respect to a specified 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. 
 “Affiliate Authorization” means each Affiliate Authorization
delivered by any Affiliate of a Lender to the Administrative Agent substantially in the form of Exhibit C to the November 2006 Credit Agreement. 
 “Agent Parties” shall have the meaning assigned to such term in Section 9.18(c). 
 “Agents” shall mean the Administrative Agent and the Syndication Agent. 
 “Agreement” shall have the meaning assigned to such term in the preamble hereto. 
 “Alternative Currency” shall mean Sterling, Kronor, euros, Canadian Dollars, Japanese Yen or any other foreign currency reasonably acceptable to the applicable Issuing Bank that is freely available, freely transferable and
freely convertible into U.S. Dollars, provided that

  

 3 

 
the aggregate amount of L/C Exposure in all such foreign currencies (other than Sterling, Kronor, euros, Japanese Yen and Canadian Dollars) shall not exceed $25,000,000. 
 “Alternative Currency Letter of Credit” shall mean a Letter of Credit denominated in an Alternative Currency. 

“Alternative Currency Revolving L/C Exposure” shall mean Revolving L/C Exposure related to Alternative Currency Letters
of Credit. 
 “Amendment Agreement” shall have the meaning assigned to such term in the preamble to this
Agreement. 
 “Amendment Effective Date” shall have the meaning assigned to such term in the Amendment
Agreement. 
 “Applicable Facility Percentage” shall mean (i) with respect to the Revolving Facility, the
percentage obtained by dividing (x) the aggregate amount of Revolving Facility Commitments then outstanding by (y) the sum of (A) the principal amount of all Term Loans outstanding and (B) the aggregate amount of Revolving
Facility Commitments then outstanding and (ii) with respect to the Term Loans of any Class, the percentage obtained by dividing (x) the aggregate principal amount of all Term Loans of such Class then outstanding by (y) the sum of
(A) the principal amount of all Term Loans outstanding and (B) the aggregate amount of Revolving Facility Commitments then outstanding. 
 “Applicable Margin” shall mean for any day, (i) with respect to any Original Maturity Term Loan, 2.25% per annum in the case of any Eurocurrency Loan and 0.75% per annum in
the case of any ABR Loan or Base Rate Loan, (ii) with respect to any Extended Maturity Term Loan, 3.75% per annum in the case of any Eurocurrency Loan and 2.25% per annum in the case of any ABR Loan or Base Rate Loan, (iii) with
respect to any Tranche C-3 Credit-Linked Deposit or Tranche C-3 L/C Disbursement, as applicable, 2.50% per annum in the case of any Eurocurrency Loan and 1.00% in the case of any ABR Loan or Base Rate Loan and (iv) with respect to any
Revolving Facility Loan or Swingline Loan, as the case may be, the applicable margin per annum set forth below under the caption “Applicable Margin for ABR/Base Rate Revolving Loans and ABR Swingline Loans” or “Applicable Margin for
Eurocurrency Revolving Loans and Base Rate Swingline Loans”, as applicable, based upon the Consolidated Leverage Ratio as of the most recent determination date. 
 “Applicable Margins for Revolving Loans and Swingline Loans” 
  

							
	 Consolidated Leverage Ratio
	  	Applicable Margin for
ABR/Base Rate Revolving
Loans and ABR Swingline
Loans	 	 	Applicable Margin for
Eurocurrency Revolving
Loans and Base Rate
Swingline Loans	 
	 Equal to or greater than 3.75 to 1.00
	  	1.00	% 	 	2.50	% 
	 Equal to or greater than 3.25 to 1.00 and less than 3.75 to 1.00
	  	0.75	% 	 	2.25	% 
	 Less than 3.25 to 1.00
	  	0.50	% 	 	2.00	% 

  

 4 

 For the purposes of the foregoing relating to Revolving Loans and Swingline Loans, changes in the Applicable
Margin resulting from changes in the Consolidated Leverage Ratio shall become effective on the date (the “Adjustment Date”) that is three Business Days after the date on which financial statements are delivered to the Lenders
pursuant to Section 5.04, and shall remain in effect until the next change to be effected pursuant to this paragraph. If any financial statements referred to above are not delivered within the time periods specified in Section 5.04, then,
until the date that is three Business Days after the date on which such financial statements are delivered, the highest rate set forth in each column of the pricing grid shall apply. In addition, at all times while a Default or an Event of Default
shall have occurred and be continuing, the highest rate set forth in each column of the pricing grid shall apply. 
 “Approved Fund” shall have the meaning assigned to such term in Section 9.04(b). 
 “Asset Disposition” shall mean any sale, transfer or other disposition by Holdings (prior to a Qualified IPO), the U.S. Borrower or any of the Subsidiaries to any person other than Holdings (prior to a Qualified IPO), the
U.S. Borrower or any Subsidiary to the extent otherwise permitted hereunder of any asset or group of related assets (other than inventory or other assets sold, transferred or otherwise disposed of in the ordinary course of business) in one or a
series of related transactions, the Net Proceeds from which exceed $1.0 million. 
 “Assignment and Acceptance”
shall mean an assignment and acceptance entered into by a Lender and an assignee, and accepted by the Administrative Agent and the U.S. Borrower (if required by Section 9.04), in the form of Exhibit A to the November 2006 Credit
Agreement or such other form as shall be approved by the Administrative Agent. 
 “Availability Period” shall
mean (a) with respect to the Canadian Tranche Commitments, the period from and including the Closing Date to but excluding the earlier of the applicable Revolving Facility Maturity Date and in the case of each of the Canadian Tranche Revolving
Facility Loans, Canadian Tranche Revolving Borrowings and Canadian Tranche Letters of Credit, the date of termination of the Canadian Tranche Commitments, (b) with respect to the European Tranche Commitments, the period from and including the
Closing Date to but excluding the earlier of the applicable Revolving Facility Maturity Date and in the case of each of the European Tranche Revolving Facility Loans, European Tranche Revolving Borrowings, Swingline Loans, Swingline Borrowings and
European Tranche Letters of Credit, the date of termination of the European Tranche Commitments, (c) with respect to the U.S. Tranche Commitments, the period from and including the Closing Date to but excluding the earlier of the applicable
Revolving Facility Maturity Date and in the case of each of the U.S. Tranche Revolving Facility Loans and U.S. Tranche Revolving Borrowings, the date of termination of the U.S. Tranche Commitments and (d) with respect to the Tranche C-3
Credit-Linked Deposits, the period from and including the Closing Date to but excluding the earlier of the Tranche C-3 Maturity Date and the date on which all of the Tranche C-3 Credit-Linked Deposits are returned to the Tranche C-3 Lenders.

  

 5 

 “Available Investment Basket Amount” shall mean, on any date of
determination, an amount equal to (a) the Cumulative Retained Excess Cash Flow Amount on such date of determination plus (b) the aggregate amount of proceeds received after the Closing Date and prior to such date of determination that
would have constituted Net Proceeds pursuant to clause (a) of the definition thereof except for the operation of clause (x) or (y) of the third proviso thereof (the “Below-Threshold Asset Sale Proceeds”), plus
(c) the cumulative amount of proceeds (including cash and the fair market value of property other than cash) from the sale or issuance of Equity Interests of Holdings (after the Closing Date and prior to a Qualified IPO) (which proceeds have
been contributed as common equity to the capital of the U.S. Borrower) or of the U.S. Borrower (other than any such proceeds that are (i) received pursuant to the exercise of a Cure Right pursuant to Section 7.03, (ii) received
pursuant to (A) sales of Equity Interests financed as contemplated by 6.04(e) or (B) contributions made pursuant to 6.06(m) (other than contributions in excess of the amount of the dividends and distributions made by the U.S. Borrower to
fund the applicable Investment pursuant to 6.06(m)) or (iii) used for Dividends pursuant to Section 6.06(e)), plus (d) 100% of the aggregate amount of contributions to the common capital of the U.S. Borrower received in cash (and the
fair market value of property other than cash) after the Closing Date (subject to the same exclusions as are applicable to clause (c) above, and without duplication of any amounts included in the Available Investment Basket Amount pursuant to
clause (c) above); provided that the U.S. Borrower and its Subsidiaries shall be in Pro Forma Compliance, plus (e) the principal amount of any Indebtedness (including the liquidation preference or maximum fixed repurchase price, as the
case may be, of any Disqualified Stock) of the U.S. Borrower or any Subsidiary thereof issued after the Closing Date (other than Indebtedness issued to the U.S. Borrower or any Subsidiary), which has been converted into or exchanged for Equity
Interests (other than Disqualified Stock) in the U.S. Borrower or Holdings (prior to a Qualified IPO), plus (f) without duplication of any amounts included in the Cumulative Retained Excess Cash Flow Amount pursuant to clause (a) above,
100% of the aggregate amount received by the U.S. Borrower or any Subsidiary in cash (and the fair market value of property other than cash received by the U.S. Borrower or any Subsidiary) after the Closing Date from: (A) the sale (other than
to the U.S. Borrower or any Subsidiary) of the Equity Interests of an Unrestricted Subsidiary, or (B) any dividend or other distribution by an Unrestricted Subsidiary, minus (g) any amounts thereof used to make Investments pursuant to
Section 6.04(b)(y) after the Closing Date and on or prior to such date, minus (h) any amounts thereof used to make Investments pursuant to Section 6.04(j)(ii) after the Closing Date and on or prior to such date, minus
(i) the aggregate amount of Capital Expenditures made after the Closing Date and on or prior to such date pursuant to Section 6.10(c), minus (j) the cumulative amount of dividends paid and distributions made pursuant to
Section 6.06(f)(iii) after the Closing Date and on or prior to such date; provided, however, for purposes of Section 6.06(f)(iii), the calculation of the Available Investment Basket Amount shall not include any
Below-Threshold Asset Sale Proceeds except to the extent they are used as contemplated in clauses (g), (h) and (i) above. 
 “Available Unused Commitment” shall mean, with respect to a Revolving Facility Lender at any time, an amount equal to the amount by which (a) the aggregate amount of the Revolving
Facility Commitment of such Revolving Facility Lender at such time exceeds (b) the Revolving Facility Exposure of such Revolving Facility Lender at such time. 
  

 6 

 “B/A” shall mean a bill of exchange governed by the Bills of Exchange Act
(Canada) or a depository bill issued in accordance with the Depository Bills and Notes Act (Canada), denominated in Canadian Dollars, drawn by the Canadian Borrower and accepted by a Canadian Tranche Lender in accordance with the terms of this
Agreement. 
 “B/A Drawing” shall mean 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 made on the same date and as to which a single Contract Period is in effect. For greater certainty, all provisions of this Agreement that are applicable to B/As are also applicable,
mutatis mutandis, to B/A Equivalent Loans. 
 “B/A Equivalent Loan” has the meaning assigned to
such term in Section 2.06(j). 
 “Base Rate” shall mean (a) with respect to European Tranche
Revolving Facility Loans denominated in Sterling or euros, and European Tranche Revolving Facility Loans denominated in U.S. Dollars and made to a U.K. Borrower, the rate of interest per annum quoted by the Administrative Agent as its base rate for
loans made by it in U.S. Dollars, Sterling or euros, as applicable, whether or not such rate is the lowest rate charged by the Administrative Agent to its most preferred borrowers, and, if such base rate is discontinued by the Administrative Agent
as a standard, a comparable reference rate designated by the Administrative Agent as a substitute therefor shall be the Base Rate with respect to such European Tranche Revolving Facility Loans, (b) with respect to Canadian Tranche Revolving
Facility Loans denominated in U.S. Dollars made to the Canadian Borrower, the U.S. Base Rate, (c) with respect to Canadian Tranche Revolving Facility Loans denominated in Canadian Dollars made to the Canadian Borrower, the Canadian Base Rate
and (d) with respect to Swingline Loans to a U.K. Borrower or the Dutch Borrower, the rate of interest offered by the London office of JPMorgan Chase Bank, N.A. 
 “Base Rate Borrowing” shall mean a Borrowing consisting of Base Rate Loans. 
 “Base Rate Loan” shall mean any Base Rate Revolving Loan, Base Rate Term Loan or any Swingline Loan to the Dutch Borrower or a U.K. Borrower. 
 “Base Rate Revolving Borrowing” shall mean a Borrowing comprised of Base Rate Revolving Loans. 
 “Base Rate Revolving Loan” shall mean any Revolving Facility Loan bearing interest at a rate determined by reference to the
Base Rate in accordance with the provisions of Article II. 
 “Base Rate Term Loan” shall mean any Term Loan
bearing interest at a rate determined by reference to the Base Rate in accordance with the provisions of Article II. 
 “Benchmark LIBOR Rate” shall have the meaning assigned to such term in Section 2.23(b). 
 “Board” shall mean the Board of Governors of the Federal Reserve System of the United States of America. 
  

 7 

 “Board of Directors” shall mean, as to any person, the board of directors
or managers, as applicable, of such person (or, if such person is a partnership, the board of directors or other governing body of the general partner of such person) or any duly authorized committee thereof. 
 “Borrowers” shall have the meaning assigned to such term in the preamble hereto. 
 “Borrowing” shall mean a group of Loans of a single Type, Class and currency and made on a single date to a single Borrower
and, in the case of Eurocurrency Loans, as to which a single Interest Period is in effect. 
 “Borrowing
Minimum” shall mean (a) in the case of a Borrowing denominated in U.S. Dollars, $5.0 million, (b) in the case of a Borrowing denominated in euro, €1.0 million, (c) in the case of a Borrowing denominated in Sterling,

1.0 million and (d) in the case of a Borrowing denominated in Canadian Dollars, C$1.0 million. 
 “Borrowing Multiple” shall mean (a) in the case of a Borrowing denominated in U.S. Dollars, $1.0 million, (b) in the case of a Borrowing denominated in euro,
€1.0 million, (c) in the case of a Borrowing denominated in Sterling, 

1.0 million and (d) in the case of a Borrowing denominated in Canadian Dollars, C$1.0 million. 
 “Borrowing Request” shall mean a request by a Borrower in accordance with the terms of Section 2.03 and substantially in the form of Exhibit D-1 to the November 2006
Credit Agreement. 
 “Budget” shall have the meaning assigned to such term in Section 5.04(f). 

“Business Day” shall mean any day that is not a Saturday, Sunday or other day on which commercial banks in New York City
are authorized or required by law to remain closed; provided that (a) when used in connection with a Eurocurrency Loan, 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 London interbank market, (b) when used in connection with a Loan denominated in euro, the term “Business Day” shall also exclude any day on which the Trans-European Automated Real Time Gross Settlement
Express Transfer (TARGET) payment system is not open for the settlement of payments in euro, (c) when used in connection with any Loan to the Canadian Borrower or B/A, the term “Business Day” shall also (i) exclude any day on
which banks are not open for dealings in deposits in Toronto but (ii) include, with respect to any Loan denominated in Canadian Dollars or any B/A, any day on which banks are open for dealings in deposits in Toronto and (d) when used in
connection with any Loan to the Dutch Borrower or a U.K. Borrower, the term “Business Day” shall also include any day on which banks are open for dealings in deposits in euro, Sterling and U.S. Dollars in London and, with respect to any
Loan to the Dutch Borrower, any day on which banks are open for dealings in deposits in euro in Amsterdam. 
 “CAM” shall mean the mechanism for the allocation and exchange of interests in Loans, participations in Letters of Credit and Swingline Loans and other extensions of credit under the several Tranches and collections
thereunder established under Article X. 
  

 8 

 “CAM Exchange” shall mean the exchange of the Lender’s interests
provided for in Section 10.01. 
 “CAM Exchange Date” shall mean the first date on which there shall occur
(a) any event referred to in paragraph (h) or (i) of Section 7.01 in respect of any Borrower or (b) an acceleration of Loans pursuant to Section 7.01. 
 “CAM Percentage” shall mean, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall
be the aggregate U.S. Dollar Equivalent (determined on the basis of Exchange Rates prevailing on the CAM Exchange Date) of the sum, without duplication, of (i) the Obligations owed to such Lender (whether or not at the time due and
payable), (ii) the L/C Exposure of such Lender and (iii) the Swingline Exposure of such Lender, in each case immediately prior to the occurrence of the CAM Exchange Date, and (b) the denominator shall be the aggregate U.S. Dollar
Equivalent (as so determined) of the sum, without duplication, of (A) the Obligations owed to all the Lenders (whether or not at the time due and payable), (B) the L/C Exposure and (iii) the Swingline Exposure, in each case
immediately prior to the occurrence of the CAM Exchange Date; provided that, for purposes of clause (a) above, the Obligations owed to the Swingline Lender will be deemed not to include any Swingline Loans except to the extent provided
in clause (a)(iii) above. 
 “Canadian Base Rate” shall mean, for any day, the rate of interest per annum equal
to the greater of (a) the interest rate per annum publicly announced from time to time by the Administrative Agent as its prime 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 (i) the CDOR Rate applicable to bankers’ acceptances with a term of 30 days on such day and (ii) 0.50% per annum. 
 “Canadian Base Rate Borrowing” shall mean a Borrowing consisting of Canadian Base Rate Loans. 
 “Canadian Base Rate Loan” shall mean any Revolving Facility Loan bearing interest at a rate determined by reference to the Canadian Base Rate in accordance with the provisions of
Article II. 
 “Canadian Borrower” shall have the meaning assigned to such term in the preamble hereto.

 “Canadian Dollars” or “C$” shall mean the lawful money of Canada. 
 “Canadian Lending Office” shall mean, as to any Canadian Tranche Lender, the applicable branch, office or Affiliate of such
Canadian Tranche Lender designated by such Canadian Tranche Lender to make Canadian Tranche Loans to the Canadian Borrower and to accept and purchase or arrange for the purchase of B/As. 
 “Canadian Security Documents” shall mean all security agreements delivered pursuant to this Agreement and granted by any
Foreign Subsidiary Loan Party incorporated

  

 9 

 
under the laws of Canada or any province thereof and all confirmations and acknowledgements thereof, including (a) general security agreements, (b) debentures, (c) intellectual
property security agreements and (d) the Quebec Documents. 
 “Canadian Tranche” has the meaning assigned
to such term under the definition of “Tranche”. 
 “Canadian Tranche Commitment” shall mean,
with respect to each Canadian Tranche Lender, the commitment of such Canadian Tranche Lender to make Canadian Tranche Revolving Facility Loans pursuant to Section 2.01, to acquire participations in Letters of Credit under the Canadian Tranche
and to accept and purchase or arrange for the purchase of B/As pursuant to Section 2.06, expressed as an amount representing the maximum aggregate permitted amount of such Lender’s Canadian Tranche Revolving Facility Exposure hereunder, as
such commitment may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 2.21 or Section 9.04. The initial
amount of each Lender’s Canadian Tranche Commitment is set forth on Schedule 2.01 to the November 2006 Credit Agreement, or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed
its Canadian Tranche Commitment, as applicable. The aggregate amount of the Lenders’ Canadian Tranche Commitments as of the Amendment Effective Date is $50.0 million. 
 “Canadian Tranche L/C Exposure” shall mean, at any time, the sum of (a) the aggregate undrawn amount of all
outstanding Canadian Tranche Letters of Credit denominated in U.S. Dollars at such time, (b) the U.S. Dollar Equivalent of the aggregate undrawn amount of all outstanding Canadian Tranche Letters of Credit denominated in Canadian Dollars
at such time and (c) the U.S. Dollar Equivalent of the aggregate amount of all L/C Disbursements in respect of Canadian Tranche Letters of Credit that have not yet been reimbursed by or on behalf of the applicable Borrower at such time.
The Canadian Tranche L/C Exposure of any Revolving Lender at any time shall be its Canadian Tranche Percentage of the total Canadian Tranche L/C Exposure at such time. 
 “Canadian Tranche Lender” shall mean a Lender with a Canadian Tranche Commitment or with outstanding Canadian Tranche Revolving Facility Exposure. 
 “Canadian Tranche Letters of Credit” shall mean Letters of Credit issued under the Canadian Tranche. 
 “Canadian Tranche Percentage” shall mean, with respect to any Canadian Tranche Lender, the percentage of the total Canadian
Tranche Commitments represented by such Lender’s Canadian Tranche Commitment. If the Canadian Tranche Commitments have terminated or expired, the Canadian Tranche Percentages shall be determined based upon the Canadian Tranche Commitments most
recently in effect, giving effect to any assignments pursuant to Section 9.04. 
 “Canadian Tranche Revolving
Facility Exposure” shall mean, at any time, the sum of (a) the aggregate principal amount of the Canadian Tranche Revolving Facility Loans

  

 10 

 
denominated in U.S. Dollars outstanding at such time, (b) the U.S. Dollar Equivalent of the aggregate principal amount of the Canadian Tranche Revolving Facility Loans denominated in
Canadian Dollars outstanding at such time, (c) the U.S. Dollar Equivalent of the aggregate face amount of the B/As accepted by the Canadian Tranche Lenders and outstanding at such time and (d) the Canadian Tranche L/C Exposure at such
time. The Canadian Tranche Revolving Facility Exposure of any Lender at any time shall be such Lender’s Canadian Tranche Percentage of the total Canadian Tranche Revolving Facility Exposure at such time. 
 “Canadian Tranche Revolving Facility Loan” shall mean a loan made by a Canadian Tranche Lender pursuant to
Section 2.01(b). Each Canadian Tranche Revolving Facility Loan denominated in U.S. Dollars and made to the U.S. Borrower shall be a Eurocurrency Loan or an ABR Loan, each Canadian Tranche Revolving Facility Loan denominated in U.S. Dollars and
made to the Canadian Borrower shall be a Eurocurrency Loan or a U.S. Base Rate Loan and each Canadian Tranche Revolving Facility Loan denominated in Canadian Dollars shall be a Canadian Base Rate Loan. 
 “Capital Expenditures” shall mean, for any person in respect of any period, the aggregate of all expenditures incurred by
such person during such period that, in accordance with GAAP, are or should be included in “additions to property, plant or equipment” or similar items reflected in the statement of cash flows of such person; provided,
however, that Capital Expenditures for the U.S. Borrower and the Subsidiaries shall not include: 
 (a) expenditures to the extent made with proceeds (so long as such proceeds are not included in any determination of the Available Investment Basket Amount) of the issuance of Equity Interests of Holdings (prior to a Qualified IPO) or
the U.S. Borrower or funds that would have constituted Net Proceeds under clause (a) of the definition of the term “Net Proceeds” (but that will not constitute Net Proceeds as a result of the first proviso to such clause (a));

 (b) expenditures of proceeds of insurance settlements, condemnation awards and other settlements in
respect of lost, destroyed, damaged or condemned assets, equipment or other property to the extent such expenditures are made to replace or repair such lost, destroyed, damaged or condemned assets, equipment or other property or otherwise to
acquire, maintain, develop, construct, improve, upgrade or repair assets or properties useful in the business of the U.S. Borrower and the Subsidiaries within 12 months of receipt of such proceeds or, if not made within such period of 12 months, are
committed to be made during such period; 
 (c) interest capitalized during such period; 
 (d) expenditures that are accounted for as capital expenditures of such person and that actually are paid for by a third
party (excluding Holdings (prior to a Qualified IPO), the U.S. Borrower or any Subsidiary) and for which none of Holdings (prior to a Qualified IPO), the U.S. Borrower or any Subsidiary has provided or is required to provide or incur, directly or
indirectly, any consideration or obligation to such third party or any other person (whether before, during or after such period); 
  

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 (e) the book value of any asset owned by such person prior to or during
such period to the extent that such book value is included as a capital expenditure during such period as a result of such person reusing or beginning to reuse such asset during such period without a corresponding expenditure actually having been
made in such period; provided that (i) any expenditure necessary in order to permit such asset to be reused shall be included as a Capital Expenditure during the period that such expenditure actually is made and (ii) such book value
shall have been included in Capital Expenditures when such asset was originally acquired; 
 (f) the
purchase price of equipment purchased during such period to the extent that the consideration therefor consists of any combination of (i) used or surplus equipment traded in at the time of such purchase and (ii) the proceeds of a
concurrent sale of used or surplus equipment, in each case, in the ordinary course of business; 
 (g) Investments in respect of a Permitted Business Acquisition; 
 (h) the 2005 Transactions;
or 
 (i) the purchase of property, plant or equipment made within 12 months of the sale of any asset to the
extent purchased with the proceeds of such sale (or, if not made within such 12 months, to the extent committed to be made during such period and actually made within a 15 month period from such sale). 
 “Capital Lease Obligations” of any person shall mean the obligations of such person to pay rent or other amounts under any
lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such person under GAAP and, for
purposes hereof, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP. 
 “Cash Interest Expense” shall mean, with respect to Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries on a consolidated basis for any period, Interest Expense
for such period, less the sum of, without duplication, (a) pay-in-kind Interest Expense or other noncash Interest Expense (including as a result of the effects of purchase accounting), (b) to the extent included in Interest Expense, the
amortization of any financing fees paid by, or on behalf of, Holdings (prior to a Qualified IPO), the U.S. Borrower or any Subsidiary, including such fees paid in connection with the Transactions, the 2007 Transactions, the November 2006
Transactions, the May 2006 Transactions or the 2005 Transactions, (c) the amortization of debt discounts, if any, or fees in respect of Swap Agreements and (d) cash interest income of Holdings (prior to a Qualified IPO), the U.S. Borrower
and the Subsidiaries for such period; provided that Cash Interest Expense shall exclude any one-time financing fees paid in connection with the Transactions, the 2007 Transactions, the November 2006 Transactions, the May 2006 Transactions,
the 2005 Transactions or any amendment of this Agreement. 
 “CDOR Rate” shall mean, 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 equal to the Contract Period of the relevant B/As (for purposes of the definition of

  

 12 

 
“Discount B/A Rate”) appearing on the Reuters Screen CDOR Page (“Screen”) (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 Administrative 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) or, if such rate is not so reported, the average of the rate quotes for bankers’ acceptances denominated in Canadian Dollars with a term of 30 days received by the Administrative 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. 
 “Change in Control” shall be deemed to occur if: 
 (a) at any time, (i) a majority of the seats (other than vacant seats) on the Board of Directors of (A) prior to a
Qualified IPO, Holdings or (B) after a Qualified IPO, the U.S. Borrower, shall at any time be occupied by persons who were neither (a) nominated by the Board of Directors of the U.S. Borrower or a Permitted Holder, (b) appointed by
directors so nominated nor (c) appointed by a Permitted Holder or (ii) a “Change in Control” (or similar event) shall occur under (x) the Existing Second Secured Notes, the New 1-1/2 Lien Notes, any First Lien Notes,
(y) any Material Indebtedness secured by a Second-Priority Lien or (z) any Permitted Refinancing Indebtedness in respect of any of the foregoing or in respect of Indebtedness created hereunder or under the other Loan Documents (in each
case to the extent constituting Material Indebtedness); 
 (b) at any time prior to a Qualified IPO,
(i) Holdings shall fail to own, directly or indirectly, beneficially and of record, 51% of the issued and outstanding common stock of the U.S. Borrower (unless Holdings shall merge into the U.S. Borrower in a transaction in which the U.S.
Borrower is the surviving entity, in which case this clause (b)(i) shall not apply), or (ii) any combination of Permitted Holders shall fail to own beneficially (within the meaning of Rule 13d-5 of the Exchange Act as in effect on the Closing
Date ), directly or indirectly, in the aggregate Equity Interests representing at least 51% of (A) the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of Holdings (or, if Holdings shall merge into the
U.S. Borrower in a transaction in which the U.S. Borrower is the surviving entity, the U.S. Borrower) or (B) the common economic interest represented by the issued and outstanding Equity Interests of Holdings (or, if Holdings shall merge into
the U.S. Borrower in a transaction in which the U.S. Borrower is the surviving entity, the U.S. Borrower); or 
 (c) at any time after a Qualified IPO, (a) any Person or “group” (within the meaning of Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, as in effect on the Closing Date), other than any combination of the
Permitted Holders, shall have acquired beneficial ownership of 35% or more of the voting and/or economic interest in the U.S. Borrower’s capital stock and the Permitted Holders shall own, directly or indirectly, less than such Person or
“group” of the economic and voting interest in the U.S. Borrower’s capital stock. 
 “Change in
Law” shall mean (a) the adoption of any law, rule or regulation after the Closing Date , (b) any change in law, rule or regulation or in the interpretation or application

  

 13 

 
thereof by any Governmental Authority after the Closing Date or (c) compliance by any Lender or Issuing Bank (or, for purposes of Section 2.16(b), by any lending office of such Lender
or by such Lender’s or Issuing Bank’s holding company, if any) with any written request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or issued after the Closing Date. 
 “Charges” shall have the meaning assigned to such term in Section 9.09. 
 “CIGNA L/C” shall mean, collectively, the Original Letters of Credit issued for the account of the U.S. Borrower and for
the benefit of various state workers’ compensation boards and surety bond issuers and any extensions, renewals or replacements thereof, so long as the Administrative Agent, for the ratable benefit of the Secured Parties, has been named as a
loss payee under the insurance policy that insures the obligations supported by such Original Letters of Credit (or such extensions, renewals or replacements) pursuant to a loss payable clause or endorsement in form and substance reasonably
satisfactory to the Administrative Agent; provided that the aggregate face amount of Letters of Credit that may constitute the CIGNA L/C at any time shall not exceed $15,280,900. 
 “Class” when used in reference to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are European Tranche Revolving Facility Loans, Canadian Tranche Revolving Facility Loans, U.S. Tranche Revolving Facility Loans, Tranche C-1A Term Loans, Tranche C-1B Term Loans, Tranche C-2A Term Loans, Tranche C-2B Term Loans, Tranche
C-4A Term Loans, Tranche C-4B Term Loans, Tranche C-5A Term Loans, Tranche C-5B Term Loans, Tranche C-6A Term Loans, Tranche C-6B Term Loans, Tranche C-7A Term Loans, Tranche C-7B Term Loans, Other Revolving Facility Loans, Other Term Loans or
Swingline Loans and (b) when used in reference to any Commitment, refers to whether such Commitment is a European Tranche Commitment, Canadian Tranche Commitment, U.S. Tranche Commitment, Tranche C-1 Term Loan Commitment, Tranche C-2 Term Loan
Commitment, Tranche C-3 Credit-Limited Deposit, Tranche C-4 Term Loan Commitment, Tranche C-5 Term Loan Commitment, Tranche C-6 Term Loan Commitment, Tranche C-7 Term Loan Commitment, Incremental Revolving Facility Commitment with respect to Other
Revolving Facility Loans or Incremental Term Loan Commitment with respect to Other Term Loans. Other Term Loans (together with the Incremental Term Loan Commitments in respect thereof) and Other Revolving Facility Loans (together with the
Incremental Revolving Facility Commitments in respect thereof) that have different terms and conditions shall be construed to be in different Classes. 
 “Closing Date” shall mean May 31, 2005. 
 “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time and the regulations promulgated and rulings issued thereunder. 
 “Collateral” shall mean all the “Collateral” as defined in any Security Document and shall also include the Mortgaged Properties. 
  

 14 

 “Collateral Agreement” shall mean the Third Amended and Restated Collateral
Agreement, in the form of Exhibit E, dated as of the Amendment Effective Date, among Holdings, the U.S. Borrower and each Domestic Subsidiary Loan Party and the Administrative Agent, as amended, supplemented or otherwise modified from time to
time. 
 “Collateral and Guarantee Requirement” shall mean, at any time, the requirement that: 
 (a) on the Closing Date (except as provided in Section 4.02(e) of the 2005 Credit Agreement), the Administrative
Agent shall have received (i) from Holdings, the U.S. Borrower and each Domestic Subsidiary Loan Party, a counterpart of the Collateral Agreement, duly executed and delivered on behalf of such person, (ii) from Holdings, the U.S. Borrower
and each Domestic Subsidiary Loan Party, a counterpart of the U.S. Guarantee Agreement duly executed and delivered on behalf of such person, and (iii) from each Domestic Loan Party that directly owns Equity Interests of a Foreign Subsidiary
(other than any Foreign Subsidiary organized under the laws of an Excluded Jurisdiction) a counterpart of a Foreign Pledge Agreement, duly executed and delivered on behalf of such person; 
 (b) on the Closing Date (except as provided in Section 4.02(e) of the 2005 Credit Agreement), the Administrative
Agent shall have received from each Foreign Subsidiary Loan Party (other than the German Guarantor and any Foreign Subsidiary Loan Party that is a subsidiary of the German Guarantor), (i) a counterpart of the Foreign Guarantee Agreement, duly
executed and delivered on behalf of such person, and (ii) a counterpart of all Foreign Security Documents and Foreign Pledge Agreements that it determines, based on the advice of counsel, to be necessary or advisable in connection with the
pledge of, or granting of security interests in, Equity Interests, Collateral or Indebtedness of such Foreign Subsidiary Loan Party, including as contemplated by paragraph (c) or (d) below, duly executed and delivered by such person;

 (c) on the Closing Date (except as provided in Section 4.02(e) of the 2005 Credit Agreement), all
outstanding Equity Interests of the U.S. Borrower (other than any options or management shares), all other outstanding Equity Interests directly owned by the U.S. Borrower or any Subsidiary Loan Party (other than the German Guarantor and any Foreign
Subsidiary Loan Party that is a subsidiary of the German Guarantor), and all Indebtedness owing to any Loan Party (other than intercompany indebtedness, which is governed by clause (d) below) shall have been pledged pursuant to the Collateral
Agreement (or other applicable Security Document) and the Administrative Agent shall have received certificates or other instruments representing all such Equity Interests (other than (i) uncertificated Equity Interests, (ii) Equity
Interests issued by Foreign Subsidiaries organized under the laws of a jurisdiction where receipt of such certificates or other instruments is not required for perfection of security interests in such Equity Interests and (iii) Equity Interests
issued by a Foreign Subsidiary organized under the laws of an Excluded Jurisdiction) and any notes or other instruments representing such Indebtedness in excess of $15.0 million, together with stock powers, note powers or other instruments of
transfer with respect thereto endorsed in blank, provided that in no event

  

 15 

 
shall more than 65% of the issued and outstanding voting Equity Interests of any Foreign Subsidiary be pledged to secure Obligations of the Domestic Loan Parties; 
 (d) all Indebtedness of the U.S. Borrower and each Subsidiary (other than intercompany Indebtedness incurred in the
ordinary course of business in connection with the cash management operations and intercompany sales of the U.S. Borrower and each Subsidiary) that is owing to any Loan Party shall be evidenced by a promissory note or an instrument in form
satisfactory to the Administrative Agent and, except for Indebtedness of any Foreign Subsidiary owing to the U.S. Borrower or a Domestic Subsidiary for so long as the pledge of such Indebtedness would be deemed an incurrence of Indebtedness under
any of the Existing Notes Documents or the New 1-1/2 Lien Notes Documents, shall have been pledged pursuant to the Collateral Agreement (or other applicable Security Document) and the Administrative Agent shall have received all such promissory
notes or instruments, together with note powers or other instruments of transfer with respect thereto endorsed in blank (other than with respect to any such intercompany debt the perfection of the pledge of which does not require delivery to the
Administrative Agent); 
 (e) except as otherwise contemplated by any Security Document, all documents and
instruments, including Uniform Commercial Code financing statements, filings with the United States Copyright Office and the United States Patent and Trademark Office, filings with the U.K. Patent Office and OHIM, Personal Property Security Act
financing statements (and similar documents) and filings with the Canadian Intellectual Property Office, required by law or reasonably requested by the Administrative Agent to be filed, registered or recorded to create the Liens intended to be
created by the Security Documents (in each case, including any supplements thereto) and perfect such Liens to the extent required by, and with the priority required by, the Security Documents, shall have been filed, registered or recorded or
delivered to the Administrative Agent for filing, registration or the recording concurrently with, or promptly following, the execution and delivery of each such Security Document; 
 (f) all documents and particulars, including those required to be filed with the Registrar of Companies in England and
Wales under section 395 of the UK Companies Act 1985, required by law or reasonably requested by the Administrative Agent to be filed, registered or recorded to create the Liens intended to be created by the U.K. Debentures and perfect such Liens to
the extent required by, and with the priority required by, the U.K. Debentures, shall within 21 days of the execution of any applicable U.K. Debenture have been filed, registered or recorded; 
 (g) on the Closing Date (except as provided in Section 4.02(e) of the 2005 Credit Agreement), the Administrative
Agent shall have received (i) counterparts of each Foreign Mortgage to be entered into with respect to each Mortgaged Property duly executed and delivered by the record owner of such Mortgaged Property, (ii) such other documents, including
such surveys, abstracts, legal opinions, abstracts of title, title deeds and reports of title, as the Administrative Agent may reasonably request with respect to any such Foreign Mortgage or Mortgaged Property, and (iii) a policy or policies or
marked up unconditional binder of title insurance or foreign equivalent thereof, as

  

 16 

 
applicable, paid for by the applicable Loan Party, issued by a nationally recognized title insurance company insuring the Lien of each such Foreign Mortgage covering real property located in
Canada to be entered into on the Closing Date as a valid first Lien on the Mortgaged Property described therein, free of any other Liens except as expressly permitted by Section 6.02 and Liens arising by operation of law, together with such
endorsements, coinsurance and reinsurance as the Administrative Agent may reasonably request; 
 (h) except
as set forth pursuant to any Security Document, each Loan Party shall have obtained all consents and approvals required to be obtained by it in connection with the execution and delivery of all Security Documents (or supplements thereto) to which it
is a party and the granting by it of the Liens thereunder and (ii) the performance of its obligations thereunder; and 
 (i) subject to Section 5.10(g), in the case of any person that (i) becomes a Domestic Subsidiary Loan Party after the Closing Date, the Administrative Agent shall have received from such
Domestic Subsidiary Loan Party, (x) a supplement to the Collateral Agreement, in the form specified therein, duly executed and delivered on behalf of such person, (y) a supplement to the U.S. Guarantee Agreement, in the form specified
therein, duly executed and delivered on behalf of such person, and (z) with respect to any Foreign Pledge Agreement that the Administrative Agent determines, based on the advice of counsel, to be necessary or advisable in connection with the
pledge of Equity Interests or Indebtedness of a Foreign Subsidiary that is a Material Subsidiary (other than a pledge of Equity Interests of any Foreign Subsidiary that is not a Loan Party and is organized under the laws of an Excluded Jurisdiction)
owned by such Domestic Subsidiary Loan Party, a counterpart thereof, duly executed and delivered on behalf of such person, or (ii) becomes a Foreign Subsidiary Loan Party after the Closing Date, the Administrative Agent shall have received from
such Foreign Subsidiary Loan Party a counterpart of (x) the Foreign Guarantee Agreement, duly executed and delivered by such person, and (y) all Foreign Security Documents and Foreign Pledge Agreements that the Administrative Agent
determines, based on the advice of counsel, to be necessary or advisable in connection with the pledge of Equity Interests of a Material Subsidiary, Collateral or Indebtedness of such Foreign Subsidiary Loan Party (other than a pledge of Equity
Interests of any Foreign Subsidiary that is not a Loan Party and is organized under the laws of an Excluded Jurisdiction), including as contemplated by paragraph (c) or (d) above (and subject to the materially thresholds therein), duly
executed and delivered by such person. 
 “Combined Group” shall have the meaning assigned to such term in the
November 2006 Credit Agreement. 
 “Commitment Fee” shall have the meaning assigned to such term in
Section 2.13(a)(i). 
 “Commitments” shall mean (a) with respect to any Lender, such Lender’s
Canadian Tranche Commitment, European Tranche Commitment, U.S. Tranche Commitment, Tranche C-1 Term Loan Commitment, Tranche C-2 Term Loan Commitment, Tranche C-3

  

 17 

 
Credit-Linked Deposit, Tranche C-4 Term Loan Commitment, Tranche C-5 Term Loan Commitment, Tranche C-6 Term Loan Commitment, Tranche C-7 Term Loan Commitment, Incremental Revolving Facility
Commitment and/or Incremental Term Loan Commitment and (b) with respect to the Swingline Lender, its Swingline Commitment. 
 “Committed Extended Revolving Facility Commitment” shall mean the commitment to provide Revolving Facility Loans maturing 91 days prior to the Term Facility Maturity Date (as defined in the November 2006 Credit Agreement)
(unless maturing earlier on an Early Maturity Test Date) contemplated by the Commitment Letter between the Borrowers and the Commitment Parties (as defined therein), dated as of December 7, 2009, as the same may be amended, supplemented,
restated, modified or waived from time to time in accordance with the terms thereof, and including any joinder entered into by an Additional Extended Revolving Commitment Party (as defined therein). 
 “Conduit Lender” shall mean any special purpose corporation organized and administered by any Lender for the purpose of
making Loans otherwise required to be made by such Lender and designated by such Lender in a written instrument; provided that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its
obligations to fund a Loan under this Agreement if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and
waivers required or requested under this Agreement with respect to its Conduit Lender; provided further that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.16, 2.17, 2.18 or 9.05
than the designating Lender would have been entitled to receive in respect of the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment. 
 “Consolidated Debt” at any date shall mean the sum of (without duplication) all Indebtedness (other than letters of credit,
including Tranche C-3 Letters of Credit, to the extent undrawn) consisting of Capital Lease Obligations, bankers’ acceptances, Indebtedness for borrowed money, Disqualified Stock and Indebtedness in respect of the deferred purchase price of
property or services of the U.S. Borrower and the Subsidiaries determined on a consolidated basis on such date. 
 “Consolidated Leverage Ratio” shall mean, on any date, the ratio of (a) Consolidated Total Debt as of such date to (b) EBITDA for the period of four consecutive fiscal quarters of the U.S. Borrower most recently
ended as of such date, all determined on a consolidated basis in accordance with GAAP; provided that EBITDA shall be determined for the relevant Test Period on a Pro Forma Basis. 
 “Consolidated Net Income” shall mean, with respect to any person for any period, the aggregate of the Net Income of such
person and its subsidiaries for such period, on a consolidated basis; provided, however, that, without duplication, 
 (a) any net after-tax extraordinary, nonrecurring or unusual gains or losses or income, expenses or charges (less all fees and expenses relating thereto), including any severance expenses, transition
expenses incurred in connection with the Combination (as defined in the November 2006 Credit Agreement) and fees, expenses or charges related

  

 18 

 
to any offering of Equity Interests of the U.S. Borrower, any Investment, acquisition or Indebtedness permitted to be incurred hereunder (in each case, whether or not successful), including any
such fees, expenses, charges or change in control payments related to the 2007 Transactions, November 2006 Transactions, the May 2006 Transactions, the 2005 Transactions or the Transactions, in each case, shall be excluded; provided that,
with respect to each nonrecurring item, the U.S. Borrower shall have delivered to the Administrative Agent an officers’ certificate specifying and quantifying such item and stating that such item is a nonrecurring item; 
 (b) any net after-tax income or loss from discontinued operations and any net after-tax gain or loss on disposal of
discontinued operations shall be excluded; 
 (c) any net after-tax gains or losses or any subsequent charges or
expenses incurred during such period attributable to business dispositions or asset dispositions other than in the ordinary course of business (as determined in good faith by the Board of Directors of the U.S. Borrower) shall be excluded;

 (d) any net after-tax income or loss attributable to the early extinguishment of indebtedness shall be
excluded; 
 (e) (i) the Net Income for such period of any person that is not a subsidiary of such person,
or that is an Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall be included only to the extent of the amount of dividends or distributions or other payments paid in cash (or to the extent converted into
cash) to the referent person or a subsidiary thereof in respect of such period and (ii) the Net Income for such period shall include any ordinary course dividend, distribution or other payment in cash received from any person in excess of the
amounts included in clause (i); 
 (f) the Net Income for such period of any subsidiary of such person shall
be excluded to the extent that the declaration or payment of dividends or similar distributions by such subsidiary of its Net Income is not at the date of determination permitted without any prior governmental approval (which has not been obtained)
or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule, or governmental regulation applicable to that subsidiary or its stockholders, unless such restriction with
respect to the payment of dividends or in similar distributions has been legally waived (provided that the net loss of any such subsidiary for such period shall be included); 
 (g) Consolidated Net Income for such period shall not include the cumulative effect of a change in accounting principles
during such period (including the expected change from LIFO to FIFO); 
 (h) any increase in amortization or
depreciation or any one-time non-cash charges (such as purchased in-process research and development or capitalized manufacturing profit in inventory) resulting from purchase accounting in connection with the 2005 Transactions or any acquisition
that is consummated after the Closing Date shall be excluded; 
  

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 (i) accruals and reserves that are established within twelve months after
the Closing Date and that are so required to be established in accordance with GAAP shall be excluded; 
 (j) any non-cash impairment charges resulting from the application of Statement of Financial Accounting Standards No. 142 and 144, and the amortization of intangibles arising pursuant to No. 141, shall be excluded;

 (k) any non-cash compensation expense realized from any deferred stock compensation plan or grants of
stock appreciation or similar rights, stock options, restricted stock or other rights to officers, directors and employees of such person or any of its subsidiaries shall be excluded; 
 (l) solely for purposes of calculating EBITDA, the Net Income of any person and its subsidiaries shall be calculated
without deducting the income attributable to, or adding the losses attributable to, the minority equity interests of third parties in any non-Wholly Owned Subsidiary except to the extent of dividends declared or paid by such person or its
subsidiaries in respect of such period or any prior period on the shares of capital stock of such subsidiary held by such third parties; 
 (m) non-cash gains, losses, income and expenses resulting from fair value accounting required by Statement of Financial Accounting Standards No. 133 shall be excluded; 
 (n) non-cash charges for deferred tax asset valuation allowances shall be excluded; and 
 (o) any (a) costs or expenses realized in connection with, resulting from or in anticipation of the November 2006
Transactions or the Transactions or (b) costs or expenses realized in connection with or resulting from stock appreciation or similar rights, stock options or other rights existing on the November 2006 Amendment Effective Date of officers,
directors and employees, in each case of the U.S. Borrower or any of the Subsidiaries, shall be excluded; 
 provided that
any non-cash charge, expense, gain, loss or income referred to in clause (j), (k), (m) or (n) above that consists of or requires an accrual of, or cash reserve for, anticipated cash charges in any future period shall not be excluded.

 “Consolidated Non-cash Charges” shall mean, with respect to any person for any period, the aggregate
depreciation, amortization and other non-cash expenses of such person and its subsidiaries for such period reducing Consolidated Net Income for such period on a consolidated basis and otherwise determined in accordance with GAAP, but excluding any
such charge that consists of or requires an accrual of, or cash reserve for, anticipated cash charges for any future period. 
 “Consolidated Taxes” shall mean, with respect to any person for any period, provision for Taxes based on income, profits or capital of such person and its subsidiaries for

  

 20 

 
such period, including state, franchise and similar taxes, and, without duplication, any Tax Distributions taken into account in calculating Consolidated Net Income. 
 “Consolidated Total Assets” shall mean, as of any date, the total assets of the U.S. Borrower and the Subsidiaries,
determined on a consolidated basis in accordance with GAAP, as set forth on the consolidated balance sheet of the U.S. Borrower as of such date. 
 “Consolidated Total Debt” at any date shall mean Consolidated Debt on such date less the lesser of (i) the unrestricted cash and marketable securities (determined in accordance with
GAAP) of the U.S. Borrower and its Subsidiaries on such date and (ii) $100.0 million. 
 “Constructive
Distributions” shall mean constructive distributions made in cash or otherwise (i) to Holdings relating to reimbursements of certain pension costs and (ii) to Shell Oil Company relating to reimbursements of certain pension costs
in accordance with the Master Sales Agreement dated July 10, 2000, as amended as of November 14, 2000, and related ancillary agreements. 
 “Contract Period” shall mean, 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
Canadian Borrower may elect (in each case subject to availability and provided that there remains a minimum of 30, 60, 90 or 180 days (depending on the Contract Period selected by the Canadian Borrower) prior to the applicable Revolving Facility
Maturity Date), or any other number of days from 1 to 180 with the consent of each applicable Lender; 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” shall mean 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 ownership of voting securities, by contract or otherwise, and “Controlling” and “Controlled” shall have meanings correlative
thereto. 
 “Credit Event” shall have the meaning assigned to such term in Article IV. 
 “Cumulative Retained Excess Cash Flow Amount” shall mean, at any date, an amount, not less than zero in the aggregate,
determined on a cumulative basis equal to the sum of the Retained Percentage of Excess Cash Flow for each Excess Cash Flow Period commencing after the Closing Date; provided that for purposes of determining the Cumulative Retained Excess Cash
Flow Amount, the periods, each taken as a single accounting period, (i) beginning on January 1, 2006, and ending on December 31, 2006 and (ii) beginning on January 1, 2007 and ending on December 31, 2007 shall each be
deemed to be an Excess Cash Flow Period. 
 “Cure Amount” shall have the meaning assigned to such term in
Section 7.03(a). 
 “Cure Right” shall have the meaning assigned to such term in Section 7.03(a).

 “Current Assets” shall mean, with respect to Holdings (prior to a Qualified IPO), the U.S. Borrower and the
Subsidiaries on a consolidated basis at any date of determination, all assets (other than cash and Permitted Investments or other cash equivalents) that would, in

  

 21 

 
accordance with GAAP, be classified on a consolidated balance sheet of Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries as current assets at such date of determination,
other than amounts related to current or deferred Taxes based on income or profits. 
 “Current Liabilities”
shall mean, with respect to Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries on a consolidated basis at any date of determination, all liabilities that would, in accordance with GAAP, be classified on a consolidated
balance sheet of Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries as current liabilities at such date of determination, other than (a) the current portion of any Indebtedness, (b) accruals of Interest Expense
(excluding Interest Expense that is due and unpaid), (c) accruals for current or deferred Taxes based on income or profits, (d) accruals, if any, of transaction costs resulting from the 2005 Transactions, the May 2006 Transactions, the
November 2006 Transactions, the 2007 Transactions or the Transactions, and (e) accruals of any costs or expenses related to (i) severance or termination of employees prior to the Closing Date or (ii) bonuses, pension and other
post-retirement benefit obligations, and (f) accruals for add-backs to EBITDA included in clauses (a)(iv) through (a)(vi) of the definition of such term. 
 “Debenture Indentures” shall mean the Indenture of the U.S. Borrower dated as of January 15, 1983, governing the Debentures due 2016, and the Indenture of the U.S. Borrower
dated as of December 15, 1987, governing the Debentures due 2021 and 2023, in each case as amended, modified or supplemented from time to time. 
 “Debentures” shall mean the 8.375% Debentures of the U.S. Borrower due 2016, the 9.200% Debentures of the U.S. Borrower due 2021 and the 7.875% Debentures of the U.S. Borrower due 2023.

 “Debt Service” shall mean, with respect to Holdings (prior to a Qualified IPO), the U.S. Borrower and the
Subsidiaries on a consolidated basis for any period, Cash Interest Expense for such period plus scheduled principal amortization of Consolidated Debt for such period. 
 “Default” shall mean any event or condition that upon notice, lapse of time or both would constitute an Event of Default. 
 “Defaulting Lender” shall mean any Lender with respect to which a Lender Default is in effect. 
 “Designated Non-Cash Consideration” shall mean the fair market value of non-cash consideration received by the U.S.
Borrower or one of the Subsidiaries in connection with an asset disposition that is so designated as Designated Non-Cash Consideration pursuant to a certificate of a Responsible Officer, setting forth the basis of such valuation, less the amount of
cash or cash equivalents received in connection with a subsequent sale of such Designated Non-Cash Consideration. 
 “Discount B/A Rate” shall mean, with respect to a B/A being accepted and purchased on any day, (a) for a Lender that 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

  

 22 

 
Reuters Screen CDOR Page, the arithmetic average (as determined by the Administrative 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 Administrative
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 that is not a Schedule I 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 Administrative 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 Administrative Agent by the Schedule II/III
Reference Lenders as the percentage discount rate at which 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. 
 “Discount
Proceeds” shall mean, 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 B/A 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. 
 “Disqualified Stock” shall mean, with respect to any person, any Equity Interests of such person that, by their terms (or by the terms of any security into which such Equity Interests are convertible or for which such
Equity Interests are redeemable or exchangeable), or upon the happening of any event, (i) mature or are mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (other than as a result of a change of control or asset sale),
(ii) are convertible or exchangeable for Indebtedness or Disqualified Stock or (iii) are redeemable at the option of the holder thereof, in whole or in part, in each case prior to 91 days after the latest to mature of any Tranche, Other
Term Loan, if any, and Other Revolving Facility Loan, if any (without regard to the proviso to clause (a) or (b) of the definition of “Term Facility Maturity Date” or “Revolving Facility Maturity Date” or any similar
qualification to the maturity date of any such Other Term Loan or Other Revolving Facility Loan); provided, however, that only the portion of the Equity Interests that so mature or are mandatorily redeemable, are so convertible or
exchangeable or are so redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Stock; provided further, however, that if such Equity Interests are issued to any employee or to any
plan for the benefit of employees of the U.S. Borrower or the Subsidiaries or by any such plan to such employees, such Equity Interests shall not constitute Disqualified Stock solely because they may be required to be repurchased by the U.S.
Borrower in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, death or disability; provided further, however, that any class of Equity Interests of such person
that by its terms authorizes such person to satisfy its obligations thereunder by delivery of Equity Interests that are not Disqualified Stock shall not be deemed to be Disqualified Stock. 
  

 23 

 “Dividends” shall have the meaning assigned to such term in
Section 6.06. 
 “Domestic Loan Party” shall mean the U.S. Borrower and any Domestic Subsidiary Loan
Party. 
 “Domestic Subsidiary” shall mean any Subsidiary that is not a Foreign Subsidiary. 
 “Domestic Subsidiary Loan Party” shall mean each Wholly-Owned Domestic Subsidiary other than (a) Unrestricted
Subsidiaries and (b) Indenture Restricted Subsidiaries. 
 “Dutch Borrower” shall have the meaning
assigned to such term in the preamble hereto. 
 “Dutch Financial Supervisory Act” shall mean the Financial
Supervision Act (Wet op het Financieel Toezicht), as amended from time to time. 
 “Dutch Security
Documents” shall mean (a) Dutch law notarial share pledges over the Equity Interests in each Foreign Subsidiary Loan Party incorporated under Dutch law (including the Dutch Borrower), (b) Dutch law pledges over all receivables
owing to any of the Foreign Subsidiary Loan Parties incorporated under Dutch law (which will be notified pledges in respect of intercompany receivables, insurance receivables and bank account receivables and not notified until an Event of Default
has occurred in respect of trade receivables), (c) Dutch law pledges over all stock, inventory and other tangible assets located in the Netherlands and all intellectual property rights registered in or in respect of the Netherlands and
(d) any other Dutch law security document that may be entered into by any Loan Party. 
 “Dutch Term Loan
Obligations” shall mean (a) the obligations of the Dutch Borrower to the Lenders under the Tranche C-2A Term Loans, the Tranche C-2B Term Loans, the Tranche C-5A Term Loans, the Tranche C-5B Term Loans, the Tranche C-6A Term Loans, the
Tranche C-6B Term Loans, the Tranche C-7A Term Loans and the Tranche C-7B Term Loans, and (b) the obligations of the other Loan Parties guaranteeing the obligations of the Dutch Borrower to the Lenders under the Tranche C-2A Term Loans, the
Tranche C-2B Term Loans, the Tranche C-5A Term Loans, the Tranche C-5B Term Loans, the Tranche C-6A Term Loans, the Tranche C-6B Term Loans, the Tranche C-7A Term Loans and the Tranche C-7B Term Loans, as such obligations may exist from time to
time. 
 “Early Maturity Notes” shall mean (a) with respect to the Original Maturity Term Loans and the
Revolving Facility in effect on the Amendment Effective Date, (i) the Existing Notes (as defined in the November 2006 Credit Agreement) (other than the Existing Borden Fixed Rate Notes (as defined in the November 2006 Credit Agreement) and the
Debentures) and (ii) any other debt securities and bank Indebtedness issued by the U.S. Borrower or any of the Subsidiaries (other than Indebtedness issued by a Foreign Subsidiary that is not a Foreign Subsidiary Loan Party that is denominated
in currencies other than the U.S. Dollar in the form of bank financings or notes offered or arranged outside the United States and not placed with investors that regularly invest in the U.S. financial markets) with a final maturity prior to the
date that is 91 days after the last to mature of the Facilities and (b) with respect to the Extended Maturity Term Loans, the Existing Second Secured Notes and any other debt securities issued by

  

 24 

 
the U.S. Borrower or any of the Subsidiaries (other than Indebtedness issued by a Foreign Subsidiary that is not a Foreign Subsidiary Loan Party that is denominated in currencies other than the
U.S. Dollar in the form of notes offered or arranged outside the United States and not placed with investors that regularly invest in the U.S. financial markets) with a final maturity prior to the date that is 91 days after the Term Facility
Maturity Date with respect to the Extended Maturity Term Loans. 
 “Early Maturity Test Date” shall mean each
date that is 91 days prior to the final maturity of any of the Early Maturity Notes. 
 “EBITDA” shall mean,
with respect to the U.S. Borrower and the Subsidiaries on a consolidated basis for any period, the Consolidated Net Income of the U.S. Borrower and the Subsidiaries for such period plus (a) the sum of (without duplication and to the
extent the same was deducted in calculating Consolidated Net Income for such period): 
 (i) Consolidated Taxes
of the U.S. Borrower and the Subsidiaries for such period; 
 (ii) Interest Expense (and to the extent not
included in Interest Expense, any losses on hedging obligations or other derivative instruments entered into for the purpose of hedging interest rate risk and costs of surety bonds in connection with financing activities) of the U.S. Borrower and
the Subsidiaries for such period (net of interest income of the U.S. Borrower and the Subsidiaries for such period); 
 (iii) Consolidated Non-cash Charges of the U.S. Borrower and the Subsidiaries for such period; 
 (iv)
plant closure, severance and other restructuring costs and charges; 
 (v) business optimization expenses (which,
for the avoidance of doubt, shall include, without limitation, the effect of inventory optimization programs, retention, systems establishment costs and excess pension charges); provided, that with respect to each business optimization
expense, the U.S. Borrower shall have delivered to the Administrative Agent an officers’ certificate specifying and quantifying such expense; 
 (vi) impairment charges, including the write-down of investments; 
 (vii) non-operating expenses; 
 (viii) [reserved]; 
 (ix) the amount of management, monitoring, consulting, transaction and advisory fees and related expenses paid to the Fund or
any Fund Affiliate (or any accruals relating to such fees and related expenses) during such period; provided, however, that such amount shall not exceed in any four-quarter period the greater of (x) $3.0 million and (y) 2% of
EBITDA of the U.S. Borrower and the Subsidiaries on a consolidated basis for the immediately preceding fiscal year, plus 2% of the value of transactions permitted hereunder and entered into by the U.S. Borrower or any of the Subsidiaries with
respect to which the Fund or any Fund Affiliate provides any of the aforementioned types of

  

 25 

 
services; provided, however, any payment not made in any fiscal year may be carried forward and paid in the following fiscal year; plus 
 (x) the cost (or amortization of prior service cost) of subsidizing coverage for persons affected by amendments to
medical benefit plans implemented prior to the Closing Date; provided, however, that such amount will be included in EBITDA notwithstanding that such amount was not deducted in calculating Consolidated Net Income; 
 minus (b) the sum of (without duplication and to the extent the amounts described in this clause (b) increased such Consolidated Net Income
for the respective period for which EBITDA is being determined) non-cash items increasing Consolidated Net Income of the U.S. Borrower and the Subsidiaries for such period (but excluding any such items (A) in respect of which cash was received
in a prior period or will be received in a future period or (B) that represent the reversal of any accrual of, or cash reserve for, anticipated cash charges in any prior period, including the amortization of employee benefit plan prior service
costs). 
 For purposes of determining EBITDA under this Agreement for any period that includes the fiscal quarter ended
September 30, 2005, December 31, 2005, March 31, 2006 or June 30, 2006, EBITDA for such fiscal quarter shall be deemed to be $152 million, $144 million, $163 million or $161 million, respectively. 
 “EMU Legislation” shall mean the legislative measures of the European Union for the introduction of, changeover to or
operation of the euro in one or more member states. 
 “environment” shall mean ambient and indoor air, surface
water and groundwater (including potable water, navigable water and wetlands), the land surface or subsurface strata, natural resources such as flora and fauna, the workplace or as otherwise defined in any Environmental Law. 
 “Environmental Laws” shall mean all applicable laws (including common law), rules, regulations, codes, ordinances, orders,
decrees, directives, judgments, injunctions, notices or binding agreements issued, promulgated or entered into by or with any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the
generation, management, Release or threatened Release of, or exposure to, any Hazardous Material or to health and safety matters (to the extent relating to the environment or Hazardous Materials). 
 “Equity Financing” shall have the meaning assigned to such term in the November 2006 Credit Agreement. 
 “Equity Interests” of any person shall mean any and all shares, interests, rights to purchase, warrants, options,
participation or other equivalents of or interests in (however designated) equity of such person, including any preferred stock, any limited or general partnership interest and any limited liability company membership interest. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time. 
  

 26 

 “ERISA Affiliate” shall mean any trade or business (whether or not
incorporated) that, together with Holdings (prior to a Qualified IPO), the U.S. Borrower or a Subsidiary, is treated as a single employer under Section 414(b) or (c) of the Code, or, solely for purposes of Section 302 of ERISA
and Section 412 of the Code, is treated as a single employer under Section 414 of the Code. 
 “ERISA
Event” shall mean (a) any Reportable Event; (b) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not
waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan, the failure to make by its due date a required
installment under Section 412(m) of the Code with respect to any Plan or the failure to make any required contribution to a Multiemployer Plan; (d) the incurrence by Holdings (prior to a Qualified IPO), the U.S. Borrower, a Subsidiary or
any ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by Holdings (prior to a Qualified IPO), the U.S. Borrower, a Subsidiary or any ERISA Affiliate from the PBGC or a plan
administrator of any notice relating to an intention, or the institution by the PBGC of proceedings, to terminate any Plan or to appoint a trustee to administer any Plan; (f) the incurrence by Holdings (prior to a Qualified IPO), the U.S.
Borrower, a Subsidiary or any ERISA Affiliate of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by Holdings (prior to a Qualified IPO), the U.S. Borrower, a Subsidiary
or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from Holdings (prior to a Qualified IPO), the U.S. Borrower, a Subsidiary or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a
determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA. 
 “euro” or “€” shall mean the currency constituted by the Treaty on the European Union and as referred to in the EMU Legislation. 
 “Euro Lending Office” shall mean, as to any European Tranche Lender, Tranche C-2A Lender, Tranche C-2B Lender,
Tranche C-6A Lender, Tranche C-6B Lender, Tranche C-7A Lender or Tranche C-7B Lender, the applicable branch, office or Affiliate of such European Tranche Lender, Tranche C-2A Lender, Tranche C-2B Lender, Tranche C-6A Lender, Tranche C-6B Lender,
Tranche C-7A Lender or Tranche C-7B Lender designated (i) by such European Tranche Lender to make Loans to the Dutch Borrower and the U.K. Borrowers or (ii) by such Tranche C-2A Lender, Tranche C-2B Lender, Tranche C-6A Lender,
Tranche C-6B Lender, Tranche C-7A Lender or Tranche C-7B Lender to make Loans to the Dutch Borrower. 
 “EURO LIBO
Rate” shall mean, with respect to any Eurocurrency Borrowing denominated in euro, for any Interest Period, the offered rate for deposits in euros in the European interbank market for the relevant Interest Period that is determined by the
Banking Federation of the European Union, and displayed on the appropriate page of the Telerate Screen, at or about 11:00 am (Brussels time) on the relevant quotation date for the delivery of euros on the first day of the relevant Interest Period;
provided that, to the extent that an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the “EURO LIBO Rate” shall be the interest rate per annum determined by the Administrative Agent
to be the average of the rates per annum at which deposits in euro are offered for a maturity comparable to such

  

 27 

 
relevant Interest Period to major banks in the London interbank market in London, England by the Administrative Agent at approximately 11:00 a.m. (London time) on the date that is two Business
Days prior to the beginning of such Interest Period. 
 “Eurocurrency Borrowing” shall mean a Borrowing
comprised of Eurocurrency Loans. 
 “Eurocurrency Loan” shall mean any Eurocurrency Term Loan or Eurocurrency
Revolving Loan. 
 “Eurocurrency Revolving Borrowing” shall mean a Borrowing comprised of Eurocurrency
Revolving Loans. 
 “Eurocurrency Revolving Loan” shall mean any Revolving Facility Loan bearing interest at a
rate determined by reference to the Adjusted Eurocurrency Rate in accordance with the provisions of Article II. 
 “Eurocurrency Term Loan” shall mean any Term Loan bearing interest at a rate determined by reference to the Adjusted Eurocurrency Rate in accordance with the provisions of Article II. 
 “European Tranche” has the meaning assigned to such term under the definition of “Tranche”. 
 “European Tranche Commitment” shall mean, with respect to each European Tranche Lender, the commitment of such European
Tranche Lender to make European Tranche Revolving Facility Loans and to acquire participations in Letters of Credit and Swingline Loans under the European Tranche, expressed as an amount representing the maximum aggregate permitted amount of such
Lender’s European Tranche Revolving Facility Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to assignments by or to
such Lender pursuant to Section 2.21 or Section 9.04. The initial amount of each Lender’s European Tranche Commitment is set forth on Schedule 2.01 to the November 2006 Credit Agreement, or in the Assignment and Acceptance or
Incremental Assumption Agreement pursuant to which such Lender shall have assumed its European Tranche Commitment, as applicable. The aggregate amount of the Lenders’ European Tranche Commitments as of the Amendment Effective Date is $125.0
million. 
 “European Tranche L/C Exposure” shall mean, at any time, the sum of (a) the aggregate undrawn
amount of all outstanding European Tranche Letters of Credit denominated in U.S. Dollars at such time, (b) the U.S. Dollar Equivalent of the aggregate undrawn amount of all outstanding European Tranche Letters of Credit denominated in euro
or Sterling at such time and (c) the U.S. Dollar Equivalent of the aggregate amount of all L/C Disbursements in respect of European Tranche Letters of Credit that have not yet been reimbursed by or on behalf of the applicable Borrower at
such time. The European Tranche L/C Exposure of any Revolving Lender at any time shall be its European Tranche Percentage of the total European Tranche L/C Exposure at such time. 
  

 28 

 “European Tranche Lender” shall mean a Lender with a European Tranche
Commitment or with outstanding European Tranche Revolving Facility Exposure. 
 “European Tranche Letters of
Credit” shall mean Letters of Credit issued or deemed outstanding under the European Tranche. 
 “European
Tranche Percentage” shall mean, with respect to any European Tranche Lender, the percentage of the total European Tranche Commitments represented by such Lender’s European Tranche Commitment. If the European Tranche Commitments have
terminated or expired, the European Tranche Percentages shall be determined based upon the European Tranche Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04. 
 “European Tranche Revolving Facility Exposure” shall mean, at any time, the sum of (a) the aggregate principal amount
of the European Tranche Revolving Facility Loans denominated in U.S. Dollars outstanding at such time, (b) the U.S. Dollar Equivalent of the aggregate principal amount of the European Tranche Revolving Facility Loans denominated in euro
outstanding at such time, (c) the U.S. Dollar Equivalent of the aggregate principal amount of European Tranche Revolving Facility Loans denominated in Sterling outstanding at such time, (d) the European Tranche L/C Exposure at such
time and (e) the Swingline Exposure at such time. The European Tranche Revolving Facility Exposure of any Lender at any time shall be such Lender’s European Tranche Percentage of the total European Tranche Revolving Facility Exposure at
such time. 
 “European Tranche Revolving Facility Loan” shall mean a loan made by a European Tranche Lender
pursuant to Section 2.01. Each European Tranche Revolving Facility Loan denominated in U.S. Dollars shall be a Eurocurrency Loan or (a) an ABR Loan (if to the U.S. Borrower) or (b) a Base Rate Loan (if to any other Borrower), and each
European Tranche Revolving Facility Loan denominated in Sterling or euro shall be a Eurocurrency Loan or a Base Rate Loan. 
 “Event of Default” shall have the meaning assigned to such term in Section 7.01. 
 “Excess Cash Flow” shall mean, with respect to the U.S. Borrower and the Subsidiaries on a consolidated basis for any Excess Cash Flow Period, EBITDA of the U.S. Borrower and the Subsidiaries on a consolidated basis for
such Excess Cash Flow Period, minus, without duplication, 
 (a) Debt Service for such Excess Cash
Flow Period (reduced by the aggregate principal amount of voluntary prepayments of Consolidated Debt that would otherwise constitute scheduled principal amortization during such Excess Cash Flow Period to the extent such scheduled principal
amortization has been included in Debt Service); 
 (b) the amount of any voluntary prepayment permitted
hereunder of term Indebtedness (other than any Term Loans) during such Excess Cash Flow Period, in each case to the extent not financed, or intended to be financed, using the proceeds of the incurrence of Indebtedness, so long as the amount of such
prepayment is not already reflected in Debt Service; 
  

 29 

 (c) (i) Capital Expenditures by the U.S. Borrower and the Subsidiaries
on a consolidated basis during such Excess Cash Flow Period that are paid in cash and (ii) the aggregate consideration paid in cash during such Excess Cash Flow Period in respect of Permitted Business Acquisitions and other Investments
permitted hereunder to the extent not financed with the proceeds of Indebtedness other than Loans that are not Incremental Term Loans (less any amounts received in respect thereof as a return of capital); 
 (d) Capital Expenditures that the U.S. Borrower or any Subsidiary shall, during such Excess Cash Flow Period, become
obligated to make but that are not made during such Excess Cash Flow Period (provided that any amount so deducted that will be paid after the close of such Excess Cash Flow Period shall not be deducted again in a subsequent Excess Cash Flow
Period); provided that the U.S. Borrower shall deliver a certificate to the Administrative Agent not later than 90 days after the end of such Excess Cash Flow Period, signed by a Responsible Officer of the U.S. Borrower and certifying that
such Capital Expenditures and the delivery of the related equipment will be made in the following Excess Cash Flow Period; 
 (e) Taxes and Tax Distributions paid in cash by Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries on a consolidated basis during such Excess Cash Flow Period or that will be paid
within six months after the close of such Excess Cash Flow Period (provided that any amount so deducted that will be paid after the close of such Excess Cash Flow Period shall not be deducted again in a subsequent Excess Cash Flow Period) and
for which reserves have been established, including income tax expense and withholding tax expense incurred in connection with cross-border transactions involving the Foreign Subsidiaries; 
 (f) an amount equal to any increase in Working Capital of the U.S. Borrower and the Subsidiaries for such Excess Cash Flow
Period; 
 (g) cash expenditures made in respect of Swap Agreements during such Excess Cash Flow Period, to the
extent not reflected in the computation of EBITDA or Cash Interest Expense; 
 (h) permitted dividends or
distributions or repurchases of its Equity Interests paid in cash by Holdings (prior to a Qualified IPO) or the U.S. Borrower (after a Qualified IPO) during such Excess Cash Flow Period and permitted dividends paid by any Subsidiary to any person
other than the U.S. Borrower or any of the Subsidiaries during such Excess Cash Flow Period, in each case in accordance with Section 6.06 (other than Section 6.06(e), 6.06(f)(ii), 6.06(f)(iii) and 6.06(k)); 
 (i) amounts paid in cash during such Excess Cash Flow Period on account of (x) items that were accounted for as noncash
reductions of Net Income in determining Consolidated Net Income or as noncash reductions of Consolidated Net Income in determining EBITDA of the U.S. Borrower and the Subsidiaries in a prior Excess Cash Flow Period and (y) reserves or accruals
established in purchase accounting; 
  

 30 

 (j) to the extent not deducted in the computation of Net Proceeds in respect
of any asset disposition or condemnation giving rise thereto, the amount of any mandatory prepayment of Indebtedness (other than Indebtedness created hereunder or under any other Loan Document), together with any interest, premium or penalties
required to be paid (and actually paid) in connection therewith, and 
 (k) the amount related to items that were
added to or not deducted from Net Income in calculating Consolidated Net Income or were added to or not deducted from Consolidated Net Income in calculating EBITDA to the extent such items represented a cash payment (which had not reduced Excess
Cash Flow upon the accrual thereof in a prior Excess Cash Flow Period), or an accrual for a cash payment, by the U.S. Borrower and the Subsidiaries or did not represent cash received by the U.S. Borrower and the Subsidiaries, in each case on a
consolidated basis during such Excess Cash Flow Period, 
 plus, without duplication, 
 (a) an amount equal to any decrease in Working Capital for such Excess Cash Flow Period; 
 (b) all proceeds received during such Excess Cash Flow Period of Capital Lease Obligations, purchase money Indebtedness, Sale
and Lease-Back Transactions pursuant to Section 6.03 and any other Indebtedness, in each case to the extent used to finance any Capital Expenditure (other than Indebtedness under this Agreement to the extent there is no corresponding deduction
to Excess Cash Flow above in respect of the use of such Borrowings); 
 (c) all amounts referred to in
clause (c) or (d) above to the extent funded with (i) the proceeds of the issuance of Equity Interests of, or capital contributions to, the U.S. Borrower after the Closing Date, (ii) any amount that would have constituted Net
Proceeds under clause (a) of the definition of the term “Net Proceeds” if not so spent or (iii) Cumulative Retained Excess Cash Flow Amount, in each case to the extent there is a corresponding deduction from Excess Cash Flow
above; 
 (d) to the extent any permitted Capital Expenditures referred to in clause (d) above and the
delivery of the related equipment do not occur in the following Excess Cash Flow Period specified in the certificate of the U.S. Borrower provided pursuant to clause (d) above, the amount of such Capital Expenditures that were not so made in
such following Excess Cash Flow Period; 
 (e) cash payments received in respect of Swap Agreements during such
Excess Cash Flow Period to the extent (i) not included in the computation of EBITDA or (ii) such payments do not reduce Cash Interest Expense; 
 (f) any extraordinary or nonrecurring gain realized in cash during such Excess Cash Flow Period (except to the extent such gain consists of Net Proceeds subject to 2.11(c)); 
  

 31 

 (g) to the extent deducted in the computation of EBITDA, cash interest
income; and 
 (h) the amount related to items that were deducted from or not added to Net Income in connection with calculating
Consolidated Net Income or were deducted from or not added to Consolidated Net Income in calculating EBITDA to the extent either (x) such items represented cash received by the U.S. Borrower or any Subsidiary or (y) such items do not
represent cash paid by the U.S. Borrower or any Subsidiary, in each case on a consolidated basis during such Excess Cash Flow Period. 
 “Excess Cash Flow Period” shall mean (i) the period taken as one accounting period beginning on January 1, 2008, and ending on December 31, 2008, and (ii) each fiscal year of the U.S. Borrower ended
thereafter. 
 “Excess Tranche C-3 Credit-Linked Deposits” shall mean, at any time, the excess, if any, of the
Total Tranche C-3 Credit-Linked Deposit over the Tranche C-3 L/C Exposure at such time. The Excess Tranche C-3 Credit-Linked Deposit of any Tranche C-3 Lender at any time shall mean its Tranche C-3 Percentage of the Excess Tranche C-3 Credit-Linked
Deposits. 
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and the rules and
regulations of the SEC promulgated thereunder. 
 “Exchange Rate” shall mean, on any day, for purposes of
determining the U.S. Dollar Equivalent of any other currency, the rate at which such other currency may be exchanged into U.S. Dollars at the time of determination on such day on the Reuters WRLD Page for such currency. In the event that such
rate does not appear on any Reuters WRLD Page, the Exchange Rate shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the U.S. Borrower, or, in
the absence of such an agreement, such Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of such currency are then
being conducted, at or about such time as the Administrative Agent shall elect after determining that such rates shall be the basis for determining the Exchange Rate, on such date for the purchase of U.S. Dollars for delivery two Business Days
later; provided that if at the time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent may use any reasonable method it deems appropriate to determine such rate, and such determination shall
be conclusive absent manifest error. 
 “Excluded Indebtedness” shall mean all Indebtedness permitted to be
incurred under Section 6.01 (as amended or waived from time to time). 
 “Excluded Jurisdictions” shall
mean Hong Kong, Ireland, Luxembourg, Korea, Argentina, South Africa, France, Philippines, Finland, Barbados, People’s Republic of China, Mexico, Sweden, Japan, Switzerland, Singapore, Australia, Malaysia and Thailand. 
 “Excluded Taxes” shall mean, with respect to the Administrative Agent, any Lender, any Issuing Bank or any other recipient
of any payment to be made by or on account

  

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of any obligation of any Borrower hereunder or, for purposes of Section 2.18 only, by or on account of any obligation of the Administrative Agent pursuant to Section 2.23(b), the
following taxes, including interest, penalties or other additions thereto: 
 (a) income taxes imposed on
(or measured by) its net income or franchise taxes imposed on (or measured by) its gross or net income by the country in which the applicable Borrower (or the Administrative Agent) is legally organized or any political subdivision thereof, or by the
jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located, in each case including any political subdivision thereof
(provided that no Foreign Lender shall be deemed to be located in any country solely as a result of taking any action under this Agreement), 
 (b) any branch profits taxes imposed by the United States of America or any similar tax imposed by any other jurisdiction described in clause (a) above, 
 (c) any withholding tax that is attributable to a Lender’s failure to comply with Section 2.18(f), 

(d) in the case of a Lender (other than an assignee pursuant to a request by the U.S. Borrower under
Section 2.20(b) or by operation of the CAM), any withholding tax imposed by the Country in which the applicable Borrower (or the Administrative Agent) is legally organized or any political subdivision thereof that is in effect and would apply
to amounts payable by such Borrower (or the Administrative Agent) from an office within such jurisdiction to the applicable Lending Office of such Lender at the time such Lender becomes a party to this Agreement (or designates a new Lending Office)
provided that if a Lender is required to complete an application for a reduced withholding tax rate under an applicable income tax treaty with the United Kingdom in order to receive the benefit of such reduced withholding tax rate and such
Lender completes such application as soon as practicable following the Closing Date, the rate of withholding in effect on the date on which such application is approved shall be deemed to be the rate in effect on the date on which such Lender
becomes a party to this Agreement, 
 (e) in the case of a European Tranche Lender (other than an assignee
pursuant to a request by the U.S. Borrower under Section 2.20(b) or by operation of the CAM), any tax on income of the Lender levied by Germany solely as a result of any real property serving as collateral under this Agreement, 
 except, in the case of clauses (d) and (e) above, to the extent that (i) such Lender (or its assignor, if any) was entitled,
at the time of designation of a new lending office (or assignment), to receive additional amounts from a Loan Party with respect to any withholding tax pursuant to Section 2.18(a) or (ii) such withholding tax shall have resulted from the
making of any payment to a location other than the office designated by the Administrative Agent or such Lender for the receipt of payments of the applicable type. 
 “Existing Notes” shall mean (a) the Existing Second Secured Notes outstanding on the Amendment Effective Date and (b) the Debentures outstanding on the Closing Date. 

 

 33 

 “Existing Notes Documents” shall mean the indentures under which the
Existing Notes are issued and all other instruments, agreements and other documents evidencing or governing the Existing Notes or providing for any security, guarantee or other right in respect thereof. 
 “Existing Notes Issuer” means any subsidiary of the U.S. Borrower that is an issuer or co-issuer of any of the Existing
Notes. 
 “Existing Second Lien Intercreditor Agreement” shall mean the Intercreditor Agreement dated as of
November 3, 2006, among the U.S. Borrower, Wilmington Trust Company, as Trustee for the Existing Second Secured Notes, the Administrative Agent, Holdings and the Domestic Subsidiary Loan Parties. 
 “Existing Second Secured Notes” shall mean (a) $200 million aggregate principal amount of Hexion
U.S. Finance Corp./Hexion Nova Scotia Finance, ULC Second-Priority Senior Secured Floating Rate Notes due 2014 and (b) $625 million aggregate principal amount of Hexion U.S. Finance Corp./Hexion Nova Scotia Finance, ULC Second-Priority
Senior Secured 9 3/4% Notes due 2014.

 “Existing Second Secured Notes Documents” shall mean the indentures under which the Existing Second
Secured Notes are issued and all other instruments, agreements and other documents evidencing or governing the Existing Second Secured Notes or providing for any security, guarantee or other right in respect thereof. 
 “Existing Second Secured Notes Offering Memorandum” shall mean the Offering Circular, dated October 27, 2006, in
respect of the Existing Second Secured Notes. 
 “Existing Term Loans” shall mean the Term Loans outstanding
hereunder on the Amendment Effective Date immediately after giving effect to the Transactions. 
 “Extended Maturity
Term Loans” shall mean the Tranche C-1B Term Loans, the Tranche C-2B Term Loans, the Tranche C-4B Term Loans, the Tranche C-5B Term Loans, the Tranche C-6B Term Loans and the Tranche C-7B Term Loans. 
 “Extended Revolving Facility Commitment” shall have the meaning assigned to such term in Section 2.21(e). 

“Extended Term Loan” shall have the meaning assigned to such term in Section 2.21(e). 
 “Extending Lender” shall have the meaning assigned to such term in Section 2.21(e). 
 “Extension” shall have the meaning assigned to such term in Section 2.21(e). 
 “Federal Funds Effective Rate” shall mean, for any day, the weighted average (rounded upward, if
necessary, to the next  1/100 of 1%) of the rates on
overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as 

  

 34 

 
published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upward, if
necessary, to the next  1/100 of 1%) of the
quotations for the day of such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. 
 “Fees” shall mean the Commitment Fees, the L/C Participation Fees, the Issuing Bank Fees and the Administrative Agent Fees. 
 “Financial Officer” of any person shall mean the Chief Financial Officer, principal accounting officer, Treasurer,
Assistant Treasurer or Controller of such person. 
 “First Amendment Effective Date” shall have the meaning
assigned to the term “Amendment Effective Date” in Section 1 of the Incremental and First Amendment. 
 “First Lien Intercreditor Agreement” shall mean an Intercreditor Agreement between the Administrative Agent and the authorized representative named therein for the First Lien Notes, substantially in the form of
Exhibit F-2, with such changes that are reasonably satisfactory to the Administrative Agent, as the same may be amended, supplemented, restated, modified or waived from time to time in accordance with the terms thereof. 
 “First Lien Net Proceeds” shall mean 100% (or 80% in the case of First Lien Notes that are not secured by a first priority
Lien on the Collateral that is pari passu with the Lien securing the U.S. Obligations) of the cash proceeds from the incurrence, issuance or sale by the U.S. Borrower of any First Lien Notes, net of all taxes and fees (including investment banking
fees), commissions, costs and other expenses, in each case incurred in connection with such issuance or sale. 
 “First
Lien Notes” shall mean (a) senior secured loans or notes of the U.S. Borrower (which notes or loans may either be secured by a first priority Lien on the Collateral that is pari passu with the Lien securing the U.S. Obligations or may
be secured by a Lien ranking junior to the Lien on the Collateral securing the U.S. Obligations, but shall not be secured by any assets that do not constitute Collateral securing the U.S. Obligations) incurred after the Amendment Effective Date
(i) the terms of which do not provide for any scheduled repayment, mandatory redemption or sinking fund obligations prior to the latest Term Facility Maturity Date in effect at the time of the issuance thereof (other than customary offers to
repurchase upon a change of control, asset sale or event of loss and customary acceleration rights after an event of default) and (ii) the covenants, events of default, guarantees, collateral and other terms of which (other than interest rate
and redemption premiums), taken as a whole, are not more restrictive to the U.S. Borrower and the Subsidiaries than those set forth in this Agreement; provided that a certificate of the Chief Financial Officer of the U.S. Borrower delivered to the
Administrative Agent in good faith at least three Business Days (or such shorter period as the Administrative Agent may reasonably agree) prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material
terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the U.S. Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement shall be conclusive evidence that
such terms and conditions satisfy the foregoing requirement and (b) loans or notes borrowed or issued in connection with any refinancing,

  

 35 

 
refunding, renewal or extension of any First Lien Notes; provided that (i) in connection with any such refinancing, refunding, renewal or extension, the principal amount of any such
Indebtedness is not increased above the principal amount thereof outstanding immediately prior to such refinancing, refunding, renewal or extension (plus unpaid accrued interest and premium (including tender premiums) thereon and underwriting
discounts, defeasance costs, fees, commissions and expenses), (ii) such refinancing Indebtedness otherwise complies with this definition and (iii) if such Indebtedness being refinanced is not secured by a first priority Lien on the
Collateral that is pari passu with the Lien securing the U.S. Obligations, then such refinancing Indebtedness may not be secured with a first priority Lien on the Collateral that is pari passu with the Lien securing the U.S. Obligations. Notes
issued by the U.S. Borrower in exchange for any First Lien Notes in accordance with the terms of a registration rights agreement entered into in connection with the issuance of such First Lien Notes shall also be considered First Lien Notes.

 “First Lien Obligations” shall mean the Obligations and the Other First Lien Obligations. 
 “First Lien Secured Parties” shall mean the Secured Parties and the Other First Lien Secured Parties. 
 “Flow Through Entity” means an entity that is treated as a partnership not taxable as a corporation, a grantor trust or a
disregarded entity for U.S. federal income tax purposes or subject to treatment on a comparable basis for purposes of state, local or foreign tax law. 
 “Foreign Borrowers” shall mean the Canadian Borrower, the Dutch Borrower, and the U.K. Borrowers. 
 “Foreign Guarantee Agreement” shall mean the Foreign Guarantee Agreement, dated as of May 31, 2005, as amended, supplemented or otherwise modified from time to time, among the
Foreign Subsidiary Loan Parties and the Administrative Agent that provides for a Guarantee by such Foreign Subsidiary Loan Parties of the Obligations of Foreign Subsidiary Loan Parties. 
 “Foreign Lender” shall mean, as to any Loan Party, any Lender that is organized under the laws of a jurisdiction other than
that in which such Loan Party is located. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 
 “Foreign Mortgages” shall mean the mortgages, debentures, hypothecs, deeds of trust, charges, assignments of leases and
rents and other security documents delivered pursuant to Section 4.02 of the 2005 Credit Agreement or Section 5.10 with respect to Mortgaged Properties located outside the United States of America, each in form and substance reasonably
satisfactory to the Administrative Agent. 
 “Foreign Obligations” means the aggregate of (a) the
Guaranteed Obligations (as defined in the Foreign Guarantee Agreement) of each of the Foreign Subsidiary Loan Parties and (b) the Guaranteed Obligations (as defined in the U.S. Guarantee Agreement) of each of the U.S. Borrower and the Domestic
Subsidiary Loan Parties but only to the extent they guarantee the

  

 36 

 
Guaranteed Obligations (as defined in the Foreign Guarantee Agreement) of any of the Foreign Subsidiary Loan Parties, each as they may exist from time to time, other than the Parallel Debt
Foreign Obligations. 
 “Foreign Pledge Agreement” shall mean a pledge or charge agreement with respect to the
Pledged Collateral that constitutes Equity Interests of a Foreign Subsidiary that is a Material Subsidiary, in form and substance reasonably satisfactory to the Administrative Agent; provided that in no event shall more than 65% of the issued
and outstanding voting Equity Interests of such Foreign Subsidiary be pledged to secure Obligations of the Domestic Loan Parties. 
 “Foreign Security Documents” shall mean one or more security agreements, charges, mortgages or pledges with respect to Collateral (other than Collateral that is subject to a Foreign Mortgage) of a Foreign Subsidiary Loan
Party (including, notwithstanding the foregoing exclusion of Collateral subject to Foreign Mortgages, the Quebec Documents), including the Canadian Security Documents, the U.K. Debentures, the Security Trust Deed, the Dutch Security Documents and
the German Security Documents, each in form and substance reasonably satisfactory to the Administrative Agent, that secure the Obligations of any Foreign Subsidiary Loan Party. 
 “Foreign Subsidiary” shall mean any Subsidiary that is incorporated or organized under the laws of any jurisdiction other
than the United States of America, any State thereof or the District of Columbia. 
 “Foreign Subsidiary Loan
Party” shall mean (a) each Foreign Borrower, (b) each Foreign Subsidiary that is set forth on Schedule 1.01A, (c) each other Wholly-Owned Foreign Subsidiary organized under the laws of Canada, the United Kingdom, The
Netherlands or Germany (other than each Post-Closing Reaffirming German Loan Parties and each of its subsidiaries until the actions contemplated by Section 5.14 have been consummated) and (d) at the U.S. Borrower’s option, any
other Foreign Subsidiary organized under the laws of any jurisdiction set forth on Schedule 1.01(e) to the November 2006 Credit Agreement that has satisfied the Collateral and Guarantee Requirement, completed all actions required by
Sections 5.10(b) and (c) and delivered to the Administrative Agent a customary written opinion of legal counsel in the United States with respect to applicable United States legal issues and, if applicable, such foreign jurisdiction with
respect to the guarantee and security interests granted by such Foreign Subsidiary. 
 “Fund” shall mean Apollo
Investment Fund IV, L.P., Apollo Investment Fund V, L.P. and Apollo Overseas Partners IV, L.P. 
 “Fund
Affiliate” shall mean (a) each Affiliate of the Fund that is neither a “portfolio company” (which means a company actively engaged in providing goods or services to unaffiliated customers) nor a company controlled by a
“portfolio company” and (b) any individual who is a partner or employee of Apollo Management, L.P., Apollo Management IV, L.P. or Apollo Management V, L.P. 
  

 37 

 “GAAP” shall mean generally accepted accounting principles in effect from
time to time in the United States, applied on a consistent basis, subject to the provisions of Section 1.02; provided that any reference to the application of GAAP in Section 3.13(a), 3.13(b), 3.20, 5.03, 5.07 and 6.02(e) to a
Foreign Subsidiary (and not as a consolidated Subsidiary of the U.S. Borrower) shall mean generally accepted accounting principles in effect from time to time in the jurisdiction of organization of such Foreign Subsidiary. 
 “German Guarantor” shall mean Hexion Specialty Chemicals GmbH. 
 “German Security” shall mean any security assumed and accepted by or through the Administrative Agent or any Secured Party,
as the case may be, pursuant to any German Security Document and held or administered by the Administrative Agent on behalf of or in trust for the Secured Parties and any addition or replacement or substitution thereof. 
 “German Security Documents” shall mean all Security Documents governed by German law and “German Security
Document” means any of them. 
 “Governmental Authority” shall mean any federal, state, local or
foreign court or governmental agency, authority, instrumentality or regulatory or legislative body. 
 “Guarantee” of or by any person (the “guarantor”) shall mean (a) any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other
obligation of any other person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (i) to purchase or pay (or advance or supply funds for the
purchase or payment of) such Indebtedness or other obligation (whether arising by virtue of partnership arrangements, by agreement to keep well, to purchase assets, goods, securities or services, to take-or- pay or otherwise) or to purchase (or to
advance or supply funds for the purchase of) any security for the payment of such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other
obligation of the payment thereof, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other
obligation, (iv) entered into for the purpose of assuring in any other manner the holders of such Indebtedness or other obligation of the payment thereof or to protect such holders against loss in respect thereof (in whole or in part) or
(v) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or other obligation, or (b) any Lien on any assets of the guarantor (other than the Lien permitted pursuant to
Section 6.02(hh)) securing any Indebtedness or other obligation (or any existing right, contingent or otherwise, of the holder of Indebtedness or other obligation to be secured by such a Lien) of any other person, whether or not such
Indebtedness or other obligation is assumed by the guarantor; provided, however, that the term “Guarantee” shall not include endorsements for collection or deposit, in either case in the ordinary course of business, or customary and
reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition or disposition of assets permitted under this Agreement. 
 “Hazardous Materials” shall mean all pollutants, contaminants, wastes, chemicals, materials, substances and constituents, including explosive or radioactive substances or

  

 38 

 
petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls or radon gas, of any nature subject to regulation or which can give rise to liability
under any Environmental Law. 
 “Hexion Nova Scotia Finance ULC” shall mean a collective reference to Hexion
Nova Scotia Finance, ULC, Hexion 2 Nova Scotia Finance, ULC and any successor entity or entities formed as a result of the merger, amalgamation or other combination of such entities. 
 “Holdings” shall have the meaning assigned to such term in the preamble hereto. 
 “Immaterial Subsidiary” shall mean any Subsidiary (i) designated by the U.S. Borrower, (ii) that did not, as of
the last day of the fiscal quarter of the U.S. Borrower most recently ended, have assets with a value in excess of 5.0% of the Consolidated Total Assets or revenues representing in excess of 5.0% of total revenues of the U.S. Borrower and the
Subsidiaries on a consolidated basis as of such date and (iii) that taken together with all Unrestricted Subsidiaries designated pursuant to clause (ii) of the definition thereof and all other Immaterial Subsidiaries as of the last day of
the fiscal quarter of the U.S. Borrower most recently ended, did not have assets with a value in excess of 10.0% of the Consolidated Total Assets or revenues representing in excess of 10.0% of total revenues of the U.S. Borrower and the Subsidiaries
on a consolidated basis as of such date. 
 Each Subsidiary to be designated as an Immaterial Subsidiary by the U.S. Borrower
hereunder shall be set forth on Schedule 1.01(f) to the November 2006 Credit Agreement, and the U.S. Borrower may update such Schedule from time to time after the Closing Date as necessary to reflect all Immaterial Subsidiaries at such
time (the selection of Subsidiaries to be added to or removed from such Schedule to be made as the U.S. Borrower may determine). 
 “Increased Amount Date” shall have the meaning assigned to such term in Section 2.21. 
 “Incremental Amount” shall mean, at any time, the excess, if any, of (a) $200.0 million over (b) the sum of (x) the aggregate amount of all Incremental Term Loan Commitments and Incremental Revolving
Facility Commitments (other than with respect to the Committed Extended Revolving Facility Commitment) established after the Amendment Effective Date and prior to such time pursuant to Section 2.21 (other than Incremental Term Loan Commitments
and Incremental Revolving Facility Commitments in respect of Extended Term Loans or Extended Revolving Facility Commitments) plus (y) the aggregate principal amount of Indebtedness outstanding at such time incurred pursuant to
Section 6.01(ee). 
 “Incremental and First Amendment” shall mean the Incremental Facility Amendment and
Amendment No. 1, dated as of June 15, 2007, among Holdings, the Borrowers, the Lenders party thereto and the Administrative Agent. 
 “Incremental Assumption Agreement” shall mean an Incremental Assumption Agreement in form and substance reasonably satisfactory to the Administrative Agent, among the U.S. Borrower and/or
the Dutch Borrower, the Administrative Agent and one or more Incremental Term Lenders and/or Incremental Revolving Facility Lenders. 
  

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 “Incremental Effective Date” shall have the meaning set forth in
Section 1 of the Incremental and First Amendment. 
 “Incremental Revolving Facility Commitment” shall
mean the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Facility Loans to the U.S. Borrower or the Dutch Borrower. 
 “Incremental Revolving Facility Lender” shall mean a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Facility Loan. 
 “Incremental Revolving Facility Loans” shall mean Revolving Facility Loans made by one or more Lenders to the U.S. Borrower
or the Dutch Borrower pursuant to Section 2.01(d). Incremental Revolving Facility Loans may be made in the form of additional Revolving Facility Loans or, to the extent permitted by Section 2.21 and provided for in the relevant Incremental
Assumption Agreement, Other Revolving Facility Loans. 
 “Incremental Term Lender” shall mean a Lender with an
Incremental Term Loan Commitment or an outstanding Incremental Term Loan. 
 “Incremental Term Loan Commitment”
shall mean the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Term Loans to the U.S. Borrower or the Dutch Borrower. 
 “Incremental Term Loans” shall mean Term Loans made by one or more Lenders to the U.S. Borrower or the Dutch Borrower pursuant to Section 2.01(d). Incremental Term Loans may be made
in the form of additional Term Loans identical to an existing Class of Term Loans or, to the extent permitted by Section 2.21 and provided for in the relevant Incremental Term Loan Assumption Agreement, Other Term Loans. 
 “Indebtedness” of any person shall mean, without duplication, (a) all obligations of such person for borrowed money,
(b) all obligations of such person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such person under conditional sale or other title retention agreements relating to property or assets purchased by such
person, (d) all obligations of such person issued or assumed as the deferred purchase price of property or services (other than current trade liabilities and current intercompany liabilities (but not any refinancings, extensions, renewals or
replacements thereof) incurred in the ordinary course of business and maturing within 365 days after the incurrence thereof), (e) all Guarantees by such person of Indebtedness of others, (f) all Capital Lease Obligations of such person,
(g) all payments that such person would have to make in the event of an early termination, on the date Indebtedness of such person is being determined, in respect of outstanding Swap Agreements, (h) the principal component of all
obligations, contingent or otherwise, of such person as an account party in respect of letters of credit (including Tranche C-3 Letters of Credit), (i) the principal component of all obligations of such person in respect of bankers’
acceptances and (j) the amount of all obligations of such person with respect to the redemption, repayment or other repurchase of any Disqualified Stock (excluding accrued dividends that have not increased the liquidation preference of such
Disqualified Stock); provided, that Indebtedness shall not

  

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include (A) trade payables, accrued expenses and intercompany liabilities arising in the ordinary course of business (other than, in the case of such intercompany liabilities, for purposes
of clause (d) of the definition of the term “Collateral and Guarantee Requirement”), (B) prepaid or deferred revenue arising in the ordinary course of business, (C) purchase price holdbacks arising in the ordinary course of
business in respect of a portion of the purchase price of an asset to satisfy unperformed obligations of the seller of such asset or (D) earn-out obligations until such obligations become a liability on the balance sheet of such person in
accordance with GAAP. The Indebtedness of any person shall include the Indebtedness of any partnership in which such person is a general partner, other than to the extent that the instrument or agreement evidencing such Indebtedness expressly limits
the liability of such person in respect thereof. For the avoidance of doubt, except as provided in clause (h) above, the Tranche C-3 Credit-Linked Deposits shall not constitute Indebtedness. 
 “Indemnified Taxes” shall mean all Taxes other than Excluded Taxes and Other Taxes. 
 “Indemnitee” shall have the meaning assigned to such term in Section 9.05(b). 
 “Indenture Restricted Subsidiary” shall mean a “Restricted Subsidiary” under and as defined in either of the
Debenture Indentures. 
 “Ineligible Institution” shall mean the persons identified in writing to the
Administrative Agent by the U.S. Borrower on the Closing Date , and as may be identified in writing to the Administrative Agent by the U.S. Borrower from time to time thereafter, with the written consent of the Administrative Agent, by delivery of a
notice thereof to the Administrative Agent setting forth such person or persons (or the person or persons previously identified to Agent that are to be no longer considered “Ineligible Institutions”). 
 “Information Memorandum” shall mean the Confidential Information Memorandum dated January, 2010, as modified or
supplemented prior to the Amendment Effective Date. 
 “Intercreditor Agreement” shall mean (a) the First
Lien Intercreditor Agreement, (b) the New 1-1/2 Lien Intercreditor Agreement, (c) the Existing Second Lien Intercreditor Agreement and (d) any additional or replacement intercreditor agreement entered into by the Administrative Agent
pursuant to Section 8.11, each as amended, modified or supplemented from time to time in accordance with this Agreement. 
 “Interest Election Request” shall mean a request by the applicable Borrower to convert or continue a Term Borrowing or Revolving Borrowing in accordance with Section 2.08. 
 “Interest Expense” shall mean, with respect to any person for any period, the sum of, without duplication, (a) gross
interest expense of such person for such period on a consolidated basis, including (i) the amortization of debt discounts, (ii) the amortization of all fees (including fees with respect to Swap Agreements) payable in connection with the
incurrence of Indebtedness to the extent included in interest expense, (iii) the portion of any payments or accruals with respect to Capital Lease Obligations allocable to interest expense and (iv) net payments and receipts (if any)
pursuant to interest rate hedging obligations, and excluding

  

 41 

 
amortization of deferred financing fees and expensing of any bridge or other financing fees, (b) capitalized interest of such person, whether paid or accrued, and (c) commissions,
discounts, yield and other fees and charges incurred for such period in connection with any receivables financing of such person or any of its subsidiaries that are payable to persons other than Holdings (prior to a Qualified IPO), the U.S. Borrower
and the Subsidiaries. For purposes of the foregoing, gross interest expense shall be determined after giving effect to any net payments made or received and costs incurred by the U.S. Borrower and the Subsidiaries with respect to Swap Agreements.

 “Interest Payment Date” shall mean, (a) with respect to any Eurocurrency Loan, the last day of the
Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurocurrency Borrowing with an Interest Period of more than three months’ duration each day that would have been an Interest Payment Date had
successive Interest Periods of three months’ duration been applicable to such Borrowing and, in addition, the date of any refinancing or conversion of such Borrowing with or to a Borrowing of a different Type, (b) with respect to any ABR
Loan (other than a Swingline Loan) or Base Rate Loan, the first day of each calendar quarter (being the first day of January, April, July and October of each year) and (c) with respect to any Swingline Loan, the day that such Swingline Loan is
required to be repaid pursuant to Section 2.10(a). 
 “Interest Period” shall mean (a) as to any
Eurocurrency Borrowing, the period commencing on the date of such Borrowing or on the last day of the immediately preceding Interest Period applicable to such Borrowing, as applicable, and ending on the numerically corresponding day (or, if there is
no numerically corresponding day, on the last day) in the calendar month that is 1, 2, 3 or 6 months thereafter (or 9 or 12 months, if at the time of the relevant Borrowing, all Lenders make interest periods of such length available), as the
applicable Borrower may elect, or the date any Eurocurrency Borrowing is converted to an ABR Borrowing in accordance with Section 2.08 or repaid or prepaid in accordance with Section 2.10, 2.11 or 2.12 and (b) as to any Swingline
Borrowing made by the Dutch Borrower or the U.K. Borrower, the period commencing on the date of such Borrowing and ending on the day that is designated in the notice delivered pursuant to Section 2.04 with respect to such Swingline Borrowing,
which shall not be later than the first date after such Swingline Loan is to be made that is the 15th or last day of a calendar month and is at least five Business Days after such Swingline Loan is made; provided, that, in the case of each of
clause (a) and clause (b), if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar
month, in which case such Interest Period shall end on the next preceding Business Day. Interest shall accrue from and including the first day of an Interest Period to but excluding the last day of such Interest Period. 
 “Investment” shall have the meaning set forth in Section 6.04. 
 “Issuing Bank Fees” shall have the meaning assigned to such term in Section 2.13(b). 
 “Issuing Bank” shall mean (a) with respect to each of the European Tranche, the Canadian Tranche and Tranche C-3, each
Issuing Bank set forth with respect to such Tranche on

  

 42 

 
Schedule 2.05 to the November 2006 Credit Agreement and each other Issuing Bank designated with respect to such Tranche pursuant to Section 2.05(k), in each case in its capacity
as an issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section 2.05(i) and (b) with respect to each Original Letter of Credit, the person that issued such Original Letter of Credit and any successor
to such person. An Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to
Letters of Credit issued by such Affiliate. 
 “Joint Lead Arrangers” shall have the meaning assigned to such
term in the preamble hereto. 
 “L/C Disbursement” shall mean a payment or disbursement made by an Issuing Bank
pursuant to a Letter of Credit. The amount of any L/C Disbursement made by an Issuing Bank in an Alternative Currency and not reimbursed by the applicable Borrower shall be determined as set forth in paragraph (e) or (m) of
Section 2.05, as applicable. 
 “L/C Exposure” shall mean, at any time, the sum, without duplication, of
the Revolving L/C Exposure and the Tranche C-3 L/C Exposure at such time. 
 “L/C Participation Fee” shall have
the meaning assigned such term in Section 2.13(b). 
 “Lender Default” shall mean (a) the refusal
(which has not been retracted) of a Lender to make available its portion of any Borrowing or Tranche C-3 Credit-Linked Deposit, to acquire participations in a Swingline Loan pursuant to Section 2.04 or to fund its portion of any unreimbursed
payment under Section 2.05(e), or (b) a Lender having notified in writing the U.S. Borrower and/or the Administrative Agent that it does not intend to comply with its obligations under Section 2.04, 2.05, 2.06 or 2.07. 
 “Lender” shall mean each financial institution listed on Schedule 2.01, as well as any person that becomes a
“Lender” hereunder pursuant to Section 9.04 or Section 2.21. 
 “Lending Office” shall
mean, as to any Lender, the applicable branch, office or Affiliate of such Lender designated by such Lender to make Loans to the U.S. Borrower, Canadian Borrower, U.K. Borrower, or Dutch Borrower, as the case may be. 
 “Letter of Credit” shall mean any letter of credit issued pursuant to Section 2.05 of this Agreement, including each
Original Letter of Credit. 
 “LIBO Rate” shall mean, with respect to any Eurocurrency Borrowing denominated in
U.S. Dollars or Sterling for any Interest Period, the rate per annum determined by the Administrative Agent at approximately 11:00 a.m., London time, on the date that is two Business Days prior to the commencement of such Interest Period (or on the
date of the commencement of such Interest Period if such Eurocurrency Borrowing is denominated in Sterling) by reference to the British Bankers’ Association Interest Settlement Rates for deposits in the currency of such Eurocurrency Borrowing
(as set forth by any service selected by the Administrative Agent that has been nominated by the British Bankers’ Association as an

  

 43 

 
authorized information vendor for the purpose of displaying such rates) with a maturity comparable to such Interest Period; provided that, to the extent that an interest rate is not
ascertainable pursuant to the foregoing provisions of this definition, the “LIBO Rate” shall be the interest rate per annum determined by the Administrative Agent to be the average of the rates per annum at which deposits in the
currency of such Eurocurrency Borrowing are offered for a maturity comparable to such relevant Interest Period to major banks in the London interbank market in London, England, as selected by the Administrative Agent at approximately 11:00 a.m.
(London time) on the date that is two Business Days prior to the beginning of such Interest Period (or on the date of the commencement of such Interest Period if such Eurocurrency Borrowing is denominated in Sterling). 
 “Lien” shall mean, with respect to any asset, (a) any mortgage, deed of trust, lien, hypothecation, pledge,
encumbrance, charge or security interest in or on such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same
economic effect as any of the foregoing) relating to such asset and (c) in the case of securities (other than securities representing an interest in a joint venture that is not a Subsidiary), any purchase option, call or similar right of a
third party with respect to such securities; provided that in no event shall an operating lease or an agreement to sell be deemed to constitute a Lien. 
 “Loan Documents” shall mean this Agreement, the Amendment Agreement, the Letters of Credit, the Security Documents and any promissory note issued under Section 2.10(e);
provided that for purposes of the expense reimbursement and indemnity provisions in Sections 8.07 and Section 9.05 only, any agreements governing the New 1-1/2 Lien Notes and any First Lien Notes shall be deemed to be “Loan
Documents”. 
 “Loan Parties” shall mean Holdings (prior to a Qualified IPO), the U.S. Borrower and
the Subsidiary Loan Parties. 
 “Loans” shall mean the Term Loans, the Revolving Facility Loans and the
Swingline Loans (and shall include any Loans under the Incremental Revolving Facility Commitments or Incremental Term Loan Commitments). 
 “Local Time” shall mean (a) with respect to a Loan or Borrowing made to the U.S. Borrower, New York City time, (b) with respect to a Loan or Borrowing made to the Dutch Borrower
or a U.K. Borrower, London time, and (c) with respect to a Loan or Borrowing made to the Canadian Borrower or a B/A, Toronto time. 
 “Majority Lenders” of any Tranche shall mean, at any time, Lenders under such Tranche having Loans and unused Commitments representing more than 50% of the sum of all Loans outstanding
under such Tranche and unused Commitments under such Tranche at such time. 
 “Management Group” means the
group consisting of the directors, executive officers and other management personnel of the U.S. Borrower and Holdings, as the case may be, on the Closing Date together with (a) any new directors of the U.S. Borrower or (prior to a Qualified
IPO) Holdings whose election by such Boards of Directors or whose nomination for

  

 44 

 
election by the shareholders of the U.S. Borrower or (prior to a Qualified IPO) Holdings, as the case may be, was approved by a vote of a majority of the directors of the U.S. Borrower or (prior
to a Qualified IPO) Holdings, as the case may be, then still in office who were either directors on the Closing Date or whose election or nomination was previously so approved and (b) executive officers and other management personnel of the
U.S. Borrower or (prior to a Qualified IPO) Holdings, as the case may be, hired at a time when the directors on the Closing Date together with the directors so approved constituted a majority of the directors of the U.S. Borrower or Holdings, as the
case may be. 
 “Margin Stock” shall have the meaning assigned to such term in Regulation U. 

“Material Adverse Effect” shall mean a material adverse effect on (a) the business, property, operations or
condition of the U.S. Borrower and the Subsidiaries, taken as a whole, or (b) the validity or enforceability of any material Loan Document or the rights and remedies of the Administrative Agent and the Lenders thereunder. 
 “Material Indebtedness” shall mean Indebtedness (other than Loans and Letters of Credit) of any one or more of Holdings
(prior to a Qualified IPO), the U.S. Borrower or any Subsidiary in an aggregate principal amount exceeding $50.0 million. 
 “Material Subsidiary” shall mean any Subsidiary other than Immaterial Subsidiaries. 
 “Maximum Rate” shall have the meaning assigned to such term in Section 9.09. 
 “May 2006
Amendment Agreement” shall mean the Amendment and Restatement Agreement dated as of May 5, 2006 among Holdings, the Borrowers, the Required Restatement Lenders (as defined therein) and JPMorgan Chase Bank, N.A., as administrative
agent, pursuant to which the 2005 Credit Agreement was amended and restated. 
 “May 2006 Amendment Effective
Date” shall mean May 5, 2006. 
 “May 2006 Credit Agreement” shall mean the Amended and Restated
Credit Agreement dated as of May 5, 2006 among Holdings, the Borrowers, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, Credit Suisse, as syndication agent, and Citicorp North America, Inc., as documentation
agent. 
 “May 2006 Transactions” shall have the meaning assigned to such term in the November 2006 Credit
Agreement. 
 “Moody’s” shall mean Moody’s Investors Service, Inc. 
 “Mortgaged Properties” shall mean the owned real properties of the Loan Parties set forth on Schedule 1.01(c)
to the November 2006 Credit Agreement and each additional real property encumbered by a Mortgage pursuant to Section 5.10. 
 “Mortgages” shall mean the mortgages, debentures, hypothecs, deeds of trust, deeds to secure debt, assignments of leases and rents, and other security documents delivered

  

 45 

 
pursuant to Section 4.02 of the 2005 Credit Agreement or Section 5.10, as amended, supplemented or otherwise modified from time to time, with respect to Mortgaged Properties, each in
form and substance reasonably satisfactory to the Administrative Agent. 
 “Multiemployer Plan” shall mean a
multiemployer plan as defined in Section 4001(a)(3) of ERISA to which Holdings (prior to a Qualified IPO), the U.S. Borrower or any Subsidiary or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any
of the preceding six plan years made or accrued an obligation to make contributions. 
 “Net Income” shall
mean, with respect to any person, the net income (loss) of such person, determined in accordance with GAAP and before any reduction in respect of preferred stock dividends. 
 “Net Proceeds” shall mean: 
 (a) 100% of the cash proceeds actually received by the U.S. Borrower or any Subsidiary Loan Party (or, in the case of any sale, transfer or other disposition of Principal Property, any other Subsidiary)
(including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise and including casualty insurance settlements and condemnation awards, but
only as and when received) from any Asset Disposition (other than those pursuant to Section 6.05(a), (b), (c), (e), (f), (g), (i), (j) or (m)), net of (i) attorneys’ fees, accountants’ fees, investment banking fees, 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 (other than pursuant
hereto (or pursuant to the Existing Notes, any Indebtedness secured by Second-Priority Liens or Permitted Refinancing Indebtedness in respect of any thereof)), other customary expenses and brokerage, consultant and other customary fees actually
incurred in connection therewith and (ii) Taxes paid or payable as a result thereof; provided that, if no Event of Default exists and the U.S. Borrower shall deliver a certificate of a Responsible Officer of the U.S. Borrower to the
Administrative Agent promptly following receipt of any such proceeds setting forth the U.S. Borrower’s intention to use, or to commit to use, any portion of such proceeds, to acquire, maintain, develop, construct, improve, upgrade or repair
assets useful in the business of the U.S. Borrower and the Subsidiaries or to make investments in Permitted Business Acquisitions or Investments permitted by Section 6.04, in each case within twelve months of such receipt, such portion of such
proceeds shall not constitute Net Proceeds except to the extent (A) not so used (or committed to be used) within such twelve-month period or (B) if committed to be used within such twelve-month period, not so used within 18 months of such
receipt); provided further that with respect to Asset Dispositions pursuant to Section 6.05(h), the amount of cash proceeds that shall not constitute Net Proceeds pursuant to the preceding proviso shall not exceed, in any fiscal
year of the U.S. Borrower, 8% of Consolidated Total Assets as of the end of the fiscal quarter immediately prior to the date of such Asset Disposition for which financial statements have been delivered pursuant to Section 5.04; provided
further that (x) no proceeds realized in a single transaction or series of related transactions shall

  

 46 

 
constitute Net Proceeds unless such proceeds shall exceed $5.0 million and (y) no proceeds shall constitute Net Proceeds in any fiscal year until the aggregate amount of all such proceeds in
such fiscal year shall exceed $15.0 million; and 
 (b) 100% of the cash proceeds from the incurrence, issuance
or sale by the U.S. Borrower or any Subsidiary Loan Party of any Indebtedness (other than Excluded Indebtedness), net of all taxes and fees (including investment banking fees), commissions, costs and other expenses, in each case incurred in
connection with such issuance or sale. 
 For purposes of calculating the amount of Net Proceeds, fees, commissions and other costs and expenses
payable to Holdings or the U.S. Borrower or any Affiliate of either of them shall be disregarded, except for financial advisory fees customary in type and amount paid to Affiliates of the Fund. 
 “New 1-1/2 Lien Intercreditor Agreement” shall mean an Intercreditor Agreement between the Administrative Agent and the
authorized representative named therein for the New 1-1/2 Lien Notes, substantially in the form of Exhibit F-1, with such changes that are reasonably satisfactory to the Administrative Agent, as the same may be amended, supplemented,
restated, modified or waived from time to time in accordance with the terms thereof. 
 “New 1-1/2 Lien Notes”
shall mean $1.0 billion aggregate principal amount of Hexion Finance Escrow LLC/Hexion Escrow Corporation (to be assumed by Hexion U.S. Finance Corp./Hexion Nova Scotia Finance, ULC) 8.875 % Senior Secured Notes due 2018. 
 “New 1-1/2 Lien Notes Offering Memorandum” shall mean the Offering Circular, dated January 14, 2010, in respect of the New
1-1/2 Lien Notes. 
 “New 1-1/2 Lien Notes Documents” shall mean the indenture under which the New 1-1/2 Lien
Notes are issued and all other instruments, agreements and other documents evidencing or governing the New 1-1/2 Lien Notes or providing for any security, guarantee or other right in respect thereof. 
 “New Notes Issuer” means any subsidiary of the U.S. Borrower that is an issuer or co-issuer of any of the New 1-1/2 Lien
Notes or any First Lien Notes. 
 “Non-Consenting Lender” shall have the meaning assigned to such term in
Section 2.20(c). 
 “Note” shall have the meaning assigned to such term in Section 2.10(e).

 “November 2006 Amendment Agreement” shall mean the Amendment and Restatement Agreement dated as of
November 3, 2006 among Holdings, the Borrowers, the Required Restatement Lenders (as defined therein) and JPMorgan Chase Bank, N.A., as administrative agent, pursuant to which the May 2006 Credit Agreement was amended and restated. 

“November 2006 Amendment Effective Date” shall mean November 3, 2006. 
  

 47 

 “November 2006 Credit Agreement” shall mean the Second Amended and Restated
Credit Agreement dated as of November 5, 2006 among Holdings, the Borrowers, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and Credit Suisse, as syndication agent. 
 “November 2006 Information Memorandum” shall mean the Confidential Information Memorandum dated October 17, 2006, as
modified or supplemented prior to the November 2006 Amendment Effective Date. 
 “November 2006 Transactions”
shall mean the “Transactions” (as defined in the November 2006 Credit Agreement). 
 “Obligations”
shall, unless otherwise indicated, have the meaning assigned to the term “Loan Document Obligations” in the Collateral Agreement. 
 “Original Letters of Credit” shall mean each letter of credit previously issued for the account of, or guaranteed by, the Borrowers or a Subsidiary pursuant to the 2005 Credit Agreement,
the May 2006 Credit Agreement or the November 2006 Credit Agreement that is outstanding on the Amendment Effective Date. 
 “Original Maturity Term Loans” shall mean the Tranche C-1A Term Loans, the Tranche C-2A Term Loans, the Tranche C-4A Term Loans, the Tranche C-5A Term Loans, the Tranche C-6A Term Loans and the Tranche C-7A Term Loans.

 “Other First Lien Obligations” shall mean the “Other First Lien Obligations” as defined in the
Collateral Agreement, including any interest accruing after commencement of any bankruptcy or insolvency proceeding with respect to any holder of Other First Lien Obligations whether or not allowed in such proceeding. 
 “Other First Lien Secured Parties” shall mean the “Other First Lien Secured Par-ties” as defined in the
Collateral Agreement. 
 “Other Revolving Facility Loans” shall have the meaning assigned to such term in
Section 2.21(a). 
 “Other Taxes” shall mean any and all present or future stamp or
documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, the Loan Documents, and any and all interest
and penalties related thereto. 
 “Other Term Loans” shall have the meaning assigned to such term in
Section 2.21. 
 “Overdraft Line” shall have the meaning assigned to such term in Section 6.01(v).

 “Parallel Debt Dutch Term Loan Obligations” shall mean the Parallel Debt Foreign Obligations to the extent
consisting of amounts equal to the aggregate amount payable pursuant to the Dutch Term Loan Obligations as they may exist from time to time. 
  

 48 

 “Parallel Debt Foreign Obligations” shall have the meaning assigned to such
term in Section 9.20. 
 “Parallel Debt U.S. Obligations” shall have the meaning assigned to such term in
Section 9.20. 
 “Participant” shall have the meaning assigned to such term in Section 9.04(c).

 “PBGC” shall mean the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any
successor entity performing similar functions. 
 “Perfection Certificate” shall mean the Perfection
Certificate with respect to each of the U.S. Borrower, the Canadian Borrower, the Dutch Borrower and the U.K. Borrowers, in a form reasonably satisfactory to the Administrative Agent. 
 “Permitted Business Acquisition” shall mean any acquisition, directly or indirectly (including in one transaction or a
series of related transactions), of all or substantially all the assets of, or all the Equity Interests (other than directors’ qualifying shares) in, or merger or consolidation with, a person or division or line of business of a person (or any
subsequent investment made in a person, division or line of business previously acquired in a Permitted Business Acquisition) if (a) such acquisition was not preceded by, or effected pursuant to, a hostile offer by the acquirer or an Affiliate
of the acquirer and (b) immediately after giving effect thereto: (i) no Event of Default shall have occurred and be continuing or would result therefrom; (ii) all transactions related thereto shall be consummated in accordance with
applicable laws; (iii) with respect to any such acquisition with a fair market value in excess of $25 million, the U.S. Borrower and the Subsidiaries shall be in Pro Forma Compliance after giving effect to such acquisition and the U.S. Borrower
shall have delivered to the Administrative Agent a certificate of a Responsible Officer of the U.S. Borrower to such effect, together with all relevant financial information for such Subsidiary or assets, (iv) any acquired or newly formed
Subsidiary shall not be liable for any Indebtedness (except for Indebtedness permitted by Section 6.01); (v) to the extent required by Section 5.10, any person acquired in such acquisition, if acquired by the U.S. Borrower or a
Subsidiary Loan Party, shall be merged into the U.S. Borrower or a Subsidiary Loan Party or become upon consummation of such acquisition a Subsidiary Loan Party, and (vi) the aggregate amount of such acquisitions of assets that are not (or do
not become) owned by the U.S. Borrower or a Subsidiary Loan Party or in Equity Interests in Persons that do not become Loan Parties upon consummation of such acquisition shall not exceed the greater of (x) 3.0% of Consolidated Total Assets as
of the end of the fiscal quarter immediately prior to the date of such acquisition for which financial statements have been delivered pursuant to Section 5.04 and (y) $100.0 million. 
 “Permitted Cure Security” shall mean an equity security of Holdings (prior to a Qualified IPO) or the U.S. Borrower (after
a Qualified IPO) having no mandatory redemption, repurchase or similar requirements prior to 91 days after the latest to mature of any Tranche, Other Term Loan, if any, and Other Revolving Facility Loan, if any (without regard to the proviso to
clause (a) or (b) of the definition of “Term Facility Maturity Date” or “Revolving Facility Maturity Date” or any similar qualification to the maturity date of any such Other Term Loan or Other Revolving Facility Loan),
and upon which all dividends or distributions (if any)

  

 49 

 
shall, prior to 91 days after the latest to mature of any Tranche, Other Term Loan, if any, and Other Revolving Facility Loan, if any (without regard to the proviso to clause (a) or
(b) of the definition of “Term Facility Maturity Date” or “Revolving Facility Maturity Date” or any similar qualification to the maturity date of any such Other Term Loan or Other Revolving Facility Loan), be payable solely
in additional shares of such equity security. 
 “Permitted Holder” shall mean each of (a) the Fund and
the Fund Affiliates and (b) the Management Group, with respect to not more than 10% of the total voting power of the Equity Interests of Holdings (prior to a Qualified IPO) or the U.S. Borrower. 
 “Permitted Investments” shall mean: 
 (1) U.S. dollars, pounds sterling, euros, or, in the case of any Foreign Subsidiary, such local currencies held by it
from time to time in the ordinary course of business; 
 (2) securities issued or directly and fully
guaranteed or insured by the government of, or any agency or instrumentality thereof, the United States of America, Australia, Great Britain, Canada, the Netherlands or any other member state of the European Union, in each case with maturities not
exceeding two years (or, in the case of any such U.S. securities held by Brazilian subsidiaries, five years) after the date of acquisition; 
 (3) in the case of any Foreign Subsidiary, securities issued or directly and fully guaranteed or insured by the government of, or any agency or instrumentality thereof, Malaysia or Brazil, in each
case with maturities not exceeding 270 days after the date of acquisition and held by it from time to time in the ordinary course of business; 
 (4) certificates of deposit, time deposits and eurodollar time deposits with maturities of one year or less from the date of acquisition, bankers’ acceptances, in each case with maturities not
exceeding one year and overnight bank deposits and demand deposits (in their respective local currencies), in each case with any commercial bank having capital and surplus in excess of $500.0 million or the foreign currency equivalent thereof
and whose long-term debt is rated “A” or the equivalent thereof by Moody’s or S&P (or, in the case of an obligor domiciled outside of the United States, reasonably equivalent ratings of another internationally recognized credit
rating agency); 
 (5) repurchase obligations for underlying securities of the types described in
clauses (2) and (4) above entered into with any financial institution meeting the qualifications specified in clause (4) above; 
 (6) commercial paper issued by a corporation (other than an Affiliate of U.S. Borrower) rated at least “A-1” or the equivalent thereof by Moody’s or S&P (or, in the case of an
obligor domiciled outside of the United States, reasonably equivalent ratings of another internationally recognized credit rating agency) and in each case maturing within one year after the date of acquisition; 
 (7) readily marketable direct obligations issued by any state of the United States of America or any political
subdivision thereof having one of the two highest rating

  

 50 

 
categories obtainable from either Moody’s or S&P in each case with maturities not exceeding two years from the date of acquisition; 
 (8) Indebtedness issued by persons (other than the Fund or any of its Affiliates) with a rating of “A” or
higher from S&P or “A-2” or higher from Moody’s (or, in the case of an obligor domiciled outside of the United States, reasonably equivalent ratings of another internationally recognized credit rating agency) in each case with
maturities not exceeding two years from the date of acquisition; and 
 (9) investment funds investing at
least 95% of their assets in securities of the types described in clauses (1) through (8) above. 
 “Permitted
Refinancing Indebtedness” shall mean any Indebtedness issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund (collectively, to “Refinance”), the Indebtedness
being Refinanced (or previous refinancings thereof constituting Permitted Refinancing Indebtedness); provided that (a) the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the
principal amount (or accreted value, if applicable) of the Indebtedness so Refinanced (plus unpaid accrued interest and premium thereon and underwriting discounts, fees, commissions and expenses), (b) the average life to maturity of such
Permitted Refinancing Indebtedness is greater than or equal to that of the Indebtedness being Refinanced, (c) if the Indebtedness being Refinanced is subordinated in right of payment to the Obligations under this Agreement, such Permitted
Refinancing Indebtedness shall be subordinated in right of payment to such Obligations on terms at least as favorable to the Lenders as those contained in the documentation governing the Indebtedness being Refinanced, (d) no Permitted
Refinancing Indebtedness shall have greater guarantees or security than the Indebtedness being Refinanced and (e) with respect to Indebtedness secured by Liens pursuant to Section 6.02(a) or (c) only, if the Indebtedness being
Refinanced is secured by any collateral (whether equally and ratably with, or junior to, the Secured Parties or otherwise), such Permitted Refinancing Indebtedness may be secured by such collateral (including any collateral pursuant to
after-acquired property clauses to the extent any such collateral would have secured the Indebtedness being Refinanced) on terms not materially less favorable to the Secured Parties than those contained in the documentation (including any
intercreditor agreement) governing the Indebtedness being Refinanced; provided that the Existing Second Secured Notes, the New 1-1/2 Lien Notes or any Permitted Refinancing Indebtedness in respect thereof (or any portion thereof) may be
Refinanced with Indebtedness that is secured by Liens that are senior in priority to the Liens securing the Existing Second Secured Notes or the New 1-1/2 Lien Notes on the Amendment Effective Date (or any remaining portion thereof), so long as the
Liens securing such Indebtedness are subject to intercreditor terms that, vis-à-vis the Loans, are no less favorable to the Lenders than those set forth in the Existing Second Lien Intercreditor Agreement or the New 1-1/2 Lien Intercreditor
Agreement, as applicable. 
 “person” shall mean any natural person, corporation, business trust, joint
venture, association, company, partnership, limited liability company or government, individual or family trusts, or any agency or political subdivision thereof. 
  

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 “Plan” shall mean any employee pension benefit plan (other than a
Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code and in respect of which Holdings (prior to a Qualified IPO), the U.S. Borrower, any Subsidiary or any ERISA Affiliate is (or, if such plan were
terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
 “Platform” shall have the meaning assigned to such term in Section 9.18(b). 
 “Pledged
Collateral” shall have the meaning assigned to such term in the Collateral Agreement or a Foreign Pledge Agreement, as applicable. 
 “PMP” shall mean any entity which extends funds to the Dutch Borrower of €50,000 (or its equivalent thereof in another currency) or more. 
 “Post-Closing Reaffirming German Loan Parties” shall mean the German Guarantor. 
 “Presumed Tax Rate” shall mean the highest effective marginal statutory combined U.S. federal, state and local income tax
rate prescribed for an individual residing in New York City (taking into account (a) the deductibility of state and local income taxes for U.S. federal income tax purposes, assuming the limitation of Section 68(a)(2) of the Code applies
and taking into account any impact of Section 68(f) of the Code, and (b) the character (long-term or short-term capital gain, dividend income or other ordinary income) of the applicable income). 
 “primary obligor” shall have the meaning assigned to such term in the definition of the term “Guarantee.”

 “Principal Property” shall have the meaning assigned to such term in the Debenture Indentures. 

“Pro Forma Basis” shall mean, as to any person, for any events as described below that occur subsequent to the
commencement of a period for which the financial effect of such events is being calculated, and giving effect to the events for which such calculation is being made, such calculation as will give pro forma effect to such events as if such events
occurred on the first day of the four consecutive fiscal quarter period ended on or before the occurrence of such event (the “Reference Period”); provided for purposes of determining adjustments permitted by the second paragraph of
this definition for any calculation made on a Pro Forma Basis for any period ending on or prior to June 30, 2007, the 2005 Transactions shall be deemed to have occurred subsequent to the commencement of the relevant four consecutive fiscal
quarter period: (i) in making any determination of EBITDA, effect shall be given to any Asset Disposition, any acquisition (or any similar transaction or transactions not otherwise permitted under Section 6.04 or 6.05 that require a waiver
or consent of the Required Lenders and such waiver or consent has been obtained), any dividend, distribution or other similar payment, any designation of any Subsidiary as an Unrestricted Subsidiary and any Subsidiary Redesignation, any mergers and
consolidations, and any restructurings of the business of the U.S. Borrower or any of the Subsidiaries that are expected to have a continuing impact and are factually supportable, which would include cost savings resulting from head count reduction,
closure of facilities and similar operational and other cost savings, which adjustments the U.S.

  

 52 

 
Borrower determines are reasonable (the foregoing, together with any transactions related thereto or in connection therewith, the “relevant transactions” or “relevant pro forma
event”), in each case that the U.S. Borrower or any of the Subsidiaries has made during the Reference Period (or, in the case of determinations made pursuant to the definition of the term “Permitted Business Acquisition,” or pursuant
to Section 2.12(b), Section 6.01(w), Section 6.02(v) or Section 6.06(f), occurring during the Reference Period or thereafter and through and including the date upon which the respective Permitted Business Acquisition or
incurrence of Indebtedness or Liens or Dividend is consummated), (ii) in making any determination on a Pro Forma Basis, (x) all Indebtedness (including Indebtedness issued, incurred or assumed as a result of, or to finance, any relevant
transactions and for which the financial effect is being calculated, whether incurred under this Agreement or otherwise, but excluding normal fluctuations in revolving Indebtedness incurred for working capital purposes and not to finance any
acquisition) issued, incurred, assumed or permanently repaid during the Reference Period (or, in the case of determinations made pursuant to the definition of the term “Permitted Business Acquisition,” or pursuant to Section 2.12(b),
Section 6.01(w), Section 6.02(v) or Section 6.06(f), occurring during the Reference Period or thereafter and through and including the date upon which the respective Permitted Business Acquisition or incurrence of Indebtedness or
Liens or Dividend is consummated) shall be deemed to have been issued, incurred, assumed or permanently repaid at the beginning of such period and (y) Interest Expense of such person attributable to interest on any Indebtedness, for which pro
forma effect is being given as provided in preceding clause (x), bearing floating interest rates shall be computed on a pro forma basis as if the rates that would have been in effect during the period for which pro forma effect is being given had
been actually in effect during such periods and (iii) with respect to (A) any Subsidiary Redesignation then being designated, effect shall be given to such Subsidiary Redesignation and all other Subsidiary Redesignations after the first
day of the relevant Reference Period and on or prior to the date of the respective Subsidiary Redesignation then being designated, collectively, and (B) any designation of a Subsidiary as an Unrestricted Subsidiary, effect shall be given to
such designation and all other designations of Subsidiaries as Unrestricted Subsidiaries after the first day of the relevant Reference Period and on or prior to the date of the then applicable designation of a Subsidiary as an Unrestricted
Subsidiary, collectively. 
 Pro forma calculations made pursuant to the definition of the term “Pro Forma
Basis” shall be determined in good faith by a Responsible Officer of the U.S. Borrower. Notwithstanding anything to the contrary in the first paragraph of this definition, any such pro forma calculation, for any fiscal period ending on or prior
to the 24-month anniversary of the end of the fiscal quarter in which such relevant pro forma event occurs, may include adjustments appropriate, in the reasonable good faith determination of the U.S. Borrower, to reflect (1) operating expense
reductions and other operating improvements or synergies reasonably expected to result from the relevant pro forma event (including, to the extent applicable, from the 2005 Transactions) and (2) all adjustments of the type used in connection
with the calculation of “Pro Forma Adjusted EBITDA” as set forth under “Covenant Compliance” in the “Summary Historical and Pro Forma Financial and Other Data” portion of the “Offering Circular Summary” in the
New 1-1/2 Lien Notes Offering Memorandum to the extent reasonably expected to result from the relevant pro forma event, in each case in the 24-month period following the end of the Reference Period in which the applicable pro forma event occurred.
The U.S. Borrower shall deliver to the Administrative Agent a certificate of a Financial Officer of the U.S. Borrower setting forth such demonstrable or additional operating expense reductions, other operating improvements or synergies and
adjustments and information and calculations supporting them in reasonable detail. 
  

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 “Pro Forma Compliance” shall mean, at any date of determination, that the
U.S. Borrower and its Subsidiaries shall be in compliance, on a Pro Forma Basis after giving effect on a Pro Forma Basis to the relevant transactions (including the assumption, the issuance, incurrence and permanent repayment of Indebtedness), with
the covenant set forth in Section 6.11 recomputed as at the last day of the most recently ended fiscal quarter of the U.S. Borrower and its Subsidiaries for which the financial statements required pursuant to Section 5.04 have been
delivered. 
 “Pro Rata Extension Offers” shall have the meaning assigned to such term in Section 2.21(e).

 “Projections” shall mean the projections of the U.S. Borrower and the Subsidiaries included in the
Information Memorandum and any other projections and any forward-looking statements (including statements with respect to booked business) of such entities furnished to the Lenders or the Administrative Agent by or on behalf of Holdings, the U.S.
Borrower or any of the Subsidiaries prior to the Closing Date. 
 “Qualified IPO” shall mean an underwritten
public offering of the Equity Interests of the U.S. Borrower that generates gross cash proceeds of at least $250.0 million, provided that for purposes of Section 7.15(e) of the Collateral Agreement, “Qualified IPO” shall mean any
underwritten initial public offering of Equity Interests of the U.S. Borrower. 
 “Quebec Documents” shall mean
(a) a Deed of Hypothec given by the Canadian Borrower in favor of the Administrative Agent, as the person holding the power of attorney (fondé de pouvoir) of the Lenders, (b) a Bond in the principal amount of C$1,200,000,000 issued
by the Canadian Borrower in favor of the Administrative Agent, as agent, custodian and depository, and (c) the Bond Pledge Agreement entered into by the Canadian Borrower in favor of the Administrative Agent for the benefit of the Pledgees (as
defined therein) in respect of such Bond. 
 “Rate” shall have the meaning assigned to such term in the
definition of the term “Type.” 
 “Reaffirmation Agreement” shall mean the reaffirmation agreement
dated as of the date hereof among Holdings, the Borrowers, the Subsidiary Loan Parties and other Subsidiaries party thereto and JPMorgan Chase Bank, N.A. 
 “Reference Period” shall have the meaning assigned to such term in the definition of the term “Pro Forma Basis.” 
 “Refinance” shall have the meaning assigned to such term in the definition of the term “Permitted Refinancing
Indebtedness,” and “Refinanced” shall have a meaning correlative thereto. 
 “Register”
shall have the meaning assigned to such term in Section 9.04(b). 
  

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 “Regulation U” shall mean Regulation U of the Board as from time to
time in effect and all official rulings and interpretations thereunder or thereof. 
 “Regulation X” shall mean
Regulation X of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof. 
 “Related Parties” shall mean, with respect to any specified person, such person’s Affiliates and the respective directors, officers, employees, agents and advisors of such person and such person’s Affiliates.

 “Release” shall mean any spilling, leaking, seepage, pumping, pouring, emitting, emptying, discharging,
injecting, escaping, leaching, dumping, disposing, depositing, emanating or migrating in, into, onto or through the environment. 
 “Remaining Present Value” shall mean, as of any date with respect to any lease, the present value as of such date of the scheduled future lease payments with respect to such lease, determined with a discount rate equal to a
market rate of interest for such lease reasonably determined at the time such lease was entered into. 
 “Reportable
Event” shall mean any reportable event as defined in Section 4043(c) of ERISA or the regulations issued thereunder, other than those events as to which the 30-day notice period referred to in Section 4043(c) of ERISA has been
waived, with respect to a Plan (other than a Plan maintained by an ERISA Affiliate that is considered an ERISA Affiliate only pursuant to subsection (m) or (o) of Section 414 of the Code). 
 “Required Lenders” shall mean, at any time, Lenders having (a) Loans (other than Swingline Loans) or B/As outstanding,
(b) Revolving L/C Exposure, (c) Tranche C-3 L/C Exposure, (d) Swingline Exposure, (e) Available Unused Commitments and (f) Excess Tranche C-3 Credit-Linked Deposits that, taken together, represent more than 50% of the sum of
(u) all Loans (other than Swingline Loans) and B/As outstanding, (v) Revolving L/C Exposure, (w) Tranche C-3 L/C Exposure, (x) Swingline Exposure, (y) the total Available Unused Commitments and (z) Excess Tranche C-3
Credit-Linked Deposits at such time. The Loans, B/As Revolving L/C Exposure, Tranche C-3 L/C Exposure, Swingline Exposure, Available Unused Commitment and Excess Tranche C-3 Credit-Linked Deposit of any Defaulting Lender shall be disregarded in
determining Required Lenders at any time. 
 “Required Percentage” shall mean, with respect to an Excess Cash
Flow Period, 50%; provided that if the Senior Secured Bank Leverage Ratio at the end of any Excess Cash Flow Period (i) is less than or equal to 3.25 to 1.00 but greater than 3.00 to 1.0, the Required Percentage shall be 25% or
(ii) is less than or equal to 3.00 to 1.00, the Required Percentage shall be 0%. 
 “Responsible Officer”
of any person shall mean any executive officer or Financial Officer of such person and any other officer or similar official thereof responsible for the administration of the obligations of such person in respect of this Agreement. 
 “Retained Percentage” shall mean, with respect to any Excess Cash Flow Period, (a) 100% minus (b) the Required
Percentage with respect to such Excess Cash Flow Period. 
  

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 “Reuters Screen CDOR Page” means the display designated as page CDOR on the
Reuters Monitor Money Rates Service or such other page as may, from time to time, replace that page on that service for the purpose of displaying bid quotations for bankers’ acceptances accepted by leading Canadian banks. 
 “Revolving Borrowing” shall mean a Borrowing comprised of Revolving Facility Loans. 
 “Revolving Facility Commitment” shall mean, with respect to any Revolving Facility Lender, the sum of such Lender’s
Canadian Tranche Commitment, such Lender’s European Tranche Commitment and such Lender’s U.S. Tranche Commitment. 
 “Revolving Facility Exposure” shall mean, with respect to any Lender, the sum of such Lender’s Canadian Tranche Revolving Facility Exposure, such Lender’s European Tranche Revolving Facility Exposure and such
Lender’s U.S. Tranche Revolving Facility Exposure. 
 “Revolving Facility Lender” shall mean a Canadian
Tranche Lender, a European Tranche Lender, a U.S. Tranche Lender or an Incremental Revolving Facility Lender. 
 “Revolving Facility Loans” shall mean Canadian Tranche Revolving Facility Loans, European Tranche Revolving Facility Loans, U.S. Tranche Revolving Facility Loans and Other Revolving Facility Loans. 
 “Revolving Facility Maturity Date” shall mean (a) with respect to the Revolving Facility in effect on the Amendment
Effective Date, May 31, 2011; provided that if, on any Early Maturity Test Date, the aggregate principal amount of Early Maturity Notes that mature within 91 days after such Early Maturity Test Date exceeds $200.0 million, the Revolving
Facility Maturity Date shall be such Early Maturity Test Date and (b) with respect to any other Class of Revolving Facility Commitments, the maturity date specified therefor in the applicable Incremental Assumption Agreement establishing such
Revolving Facility Commitments. 
 “Revolving L/C Disbursement” shall mean any L/C Disbursement pursuant to a
Canadian Tranche Letter of Credit or a European Tranche Letter of Credit, as applicable. 
 “Revolving L/C
Exposure” shall mean at any time the sum of the Canadian Tranche L/C Exposure and the European Tranche L/C Exposure. The Revolving L/C Exposure of any Revolving Facility Lender at any time shall mean the sum of its Canadian Tranche L/C
Exposure and its European Tranche L/C Exposure. 
 “Revolving Letter of Credit” shall mean a Canadian Tranche
Letter of Credit or a European Tranche Letter of Credit, as applicable. 
 “RSM” shall have the meaning
assigned to such term in the November 2006 Credit Agreement. 
 “S&P” shall mean Standard &
Poor’s Ratings Group, Inc. 
  

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 “Sale and Lease-Back Transaction” shall have the meaning assigned to such
term in Section 6.03. 
 “Schedule I Lender” shall mean any Lender named on Schedule I to the Bank Act
(Canada). 
 “Schedule I Reference Lenders” shall mean any Schedule I Lender as may be agreed by the
Canadian Borrower and the Administrative Agent from time to time. 
 “Schedule II/III Reference Lenders” shall
mean JPMorgan Chase Bank, Toronto Branch, Credit Suisse Toronto Branch and Citibank Canada Branch. 
 “SEC”
shall mean the Securities and Exchange Commission or any successor thereto. 
 “Second Incremental Amendment”
shall mean the Second Incremental Facility Amendment, dated as of August 7, 2007, among Holdings, the Borrowers, the Incremental Lenders party thereto and the Administrative Agent. 
 “Second Incremental Effective Date” shall have the meaning set forth in Section 1 of the Second Incremental Amendment.

 “Second-Priority Lien” shall mean (a) Liens that are “Second-Priority Liens” (as defined in
the Existing Second Lien Intercreditor Agreement) under the agreements that are subject to the terms of the Existing Second Lien Intercreditor Agreement, (b) Liens that are “Second-Priority Liens” (as defined in the New 1-1/2 Lien
Intercreditor Agreement) under the agreements that are subject to the terms of the New 1-1/2 Lien Intercreditor Agreement, and (c) other Liens (other than Liens securing the Obligations) that are subordinated to the Liens securing the
Obligations pursuant to, and otherwise subject to the terms of, any other Intercreditor Agreement (it being understood that such Liens may be senior in priority to, or pari passu with, or junior in priority to, the Liens securing the New
1-1/2 Lien Notes or the Existing Second Secured Notes). 
 “Secured Parties” shall mean the “Secured
Parties” as defined in the Collateral Agreement (other than the Other First Lien Secured Parties). 
 “Securities
Act” shall mean the Securities Act of 1933, as amended. 
 “Security Documents” shall mean the
Mortgages, the Collateral Agreement, the U.S. Guarantee Agreement, the Foreign Guarantee Agreement, the Foreign Security Documents, the Foreign Pledge Agreements, the Reaffirmation Agreement, any Intercreditor Agreement and each of the security
agreements, mortgages and other instruments and documents executed and delivered pursuant to any of the foregoing or pursuant to Section 5.10. 
 “Security Trust Deed” shall mean a security trust deed entered into between the Administrative Agent, as security trustee thereunder, and the applicable grantors thereunder, in form and
substance reasonably acceptable to the Administrative Agent. 
  

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 “Senior Secured Bank Debt” at any date shall mean the aggregate principal
amount of Consolidated Total Debt outstanding at such date that consists of, without duplication, (i) Term Loans, Revolving Facility Exposure, Tranche C-3 L/C Exposure or Other Revolving Facility Loans and (ii) Indebtedness secured by a
Lien (other than any Second-Priority Lien and other than Indebtedness of a Subsidiary that is not a Loan Party secured by a Lien on assets of a Subsidiary that is not a Loan Party) under Section 6.02(a), (c), (i), (j), (l), (v) or
(ii) (solely in the case of First Lien Notes secured by a Lien on the Collateral that is pari passu with the Liens securing the U.S. Obligations) (in each case of (i) and (ii), other than letters of credit to the extent undrawn and not
supporting Indebtedness of the type included in Consolidated Debt). 
 “Senior Secured Bank Leverage Ratio”
shall mean, on any date, the ratio of (a) Senior Secured Bank Debt as of such date to (b) EBITDA for the period of four consecutive fiscal quarters of the U.S. Borrower most recently ended as of such date, all determined on a consolidated
basis in accordance with GAAP; provided that EBITDA shall be determined for the relevant Test Period on a Pro Forma Basis. 
 “Statutory Reserves” shall mean, with respect to any currency, the aggregate of the maximum reserve, liquid asset, fees or similar requirements (including any marginal, special, emergency or supplemental reserves or other
requirements) established by any central bank, monetary authority, the Board, the Financial Services Authority, the European Central Bank or other Governmental Authority for any category of deposits or liabilities customarily used to fund loans in
such currency, expressed in the case of each such requirement as a decimal. Such reserve percentages shall, in the case of U.S. Dollar denominated Loans, include those imposed pursuant to Regulation D of the Board. Eurocurrency Loans shall be
deemed to be subject to such reserve, liquid asset or similar requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under any applicable law, rule or regulation,
including Regulation D. Statutory Reserves shall be adjusted automatically on and as of the effective date of any change in any reserve, liquid asset or similar requirement. 
 “Sterling” or “

” shall mean the lawful money of the United Kingdom. 
 “Subsidiary” shall mean, unless the context otherwise requires, a subsidiary of the U.S. Borrower other than any Unrestricted Subsidiary. 
 “subsidiary” shall mean, with respect to any person (herein referred to as the “parent”), any corporation, partnership, association or other business entity (a) of
which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or more than 50% of the general partnership interests are, at the time any determination is being made, directly or
indirectly, owned, Controlled or held, or (b) that is, at the time any determination is made, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 

“Subsidiary Loan Party” shall mean each Subsidiary that is (a) a Domestic Subsidiary Loan Party or (b) a
Foreign Subsidiary Loan Party. 
  

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 “Subsidiary Redesignation” shall have the meaning provided in the
definition of “Unrestricted Subsidiary” contained in this Section 1.01. 
 “Swap Agreement”
shall mean any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities,
or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments
only on account of services provided by current or former directors, officers, employees or consultants of Holdings, the U.S. Borrower or any of the Subsidiaries shall be a Swap Agreement. 
 “Swingline Borrowing Request” shall mean a request by a Borrower substantially in the form of Exhibit D-2 to
the November 2006 Credit Agreement. 
 “Swingline Borrowing” shall mean a Borrowing comprised of Swingline
Loans. 
 “Swingline Commitment” shall mean, with respect to each Swingline Lender, the commitment of such
Swingline Lender to make Swingline Loans pursuant to Section 2.04. The initial aggregate amount of the Swingline Commitments is $30.0 million. 
 “Swingline Exposure” shall mean, at any time, the sum of (a) the aggregate principal amount of all Swingline Loans denominated in U.S. Dollars outstanding at such time and
(b) the U.S. Dollar Equivalent of the aggregate principal amount of all Swingline Loans denominated in an Alternative Currency outstanding at such time, in each case under the European Tranche. The Swingline Exposure of any Lender at any
time shall be its European Tranche Percentage of the total Swingline Exposure at such time. 
 “Swingline
Lender” shall mean JPMorgan Chase Bank, N.A., in its capacity as a lender of Swingline Loans. 
 “Swingline
Loans” shall mean the swingline loans made to a Borrower pursuant to Section 2.04. 
 “Syndication
Agent” shall have the meaning assigned to such term in the November 2006 Credit Agreement. 
 “Tax
Distributions” shall mean (A) with respect to each tax year or portion thereof that any direct or indirect parent of the U.S. Borrower qualifies as a Flow Through Entity, the distribution by the U.S. Borrower to the holders of Equity
Interests of such direct or indirect parent of the U.S. Borrower of an amount equal to the product of (i) the amount of aggregate net taxable income of the U.S. Borrower allocated to the holders of Equity Interests of the U.S. Borrower for such
period and (ii) the Presumed Tax Rate for such period; and (B) with respect to any tax year or portion thereof that any direct or indirect parent of the U.S. Borrower does not qualify as a Flow Through Entity, the payment of dividends or
other distributions to any direct or indirect parent company of the U.S. Borrower that files a consolidated U.S. federal tax return that includes the U.S. Borrower and the Subsidiaries in an amount not to exceed the amount that the U.S. Borrower and
the Subsidiaries would have been required to pay in respect

  

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of federal, state or local taxes (as the case may be) in respect of such year if the U.S. Borrower and the Subsidiaries paid such taxes directly as a stand-alone taxpayer (or stand-alone group).

 “Taxes” shall mean any and all present or future taxes, levies, imposts, duties (including stamp duties),
deductions, charges (including ad valorem charges) or withholdings imposed by any Governmental Authority and any and all interest and penalties related thereto. 
 “Term Borrowing” shall mean a Borrowing comprised of Term Loans. 
 “Term Facility Maturity Date” shall mean (a) with respect to the Original Maturity Term Loans, May 5, 2013; provided that if, on any Early Maturity Test Date, the aggregate principal amount of Early
Maturity Notes that mature within 91 days after such Early Maturity Test Date exceeds $200.0 million, the Term Facility Maturity Date for such Original Maturity Term Loans shall be such Early Maturity Test Date, (b) with respect to the
Extended Maturity Term Loans, May 5, 2015; provided that if, on any Early Maturity Test Date, the aggregate principal amount of Early Maturity Notes that mature within 91 days after such Early Maturity Test Date exceeds $400.0 million,
the Term Facility Maturity Date for such Extended Maturity Term Loans shall be such Early Maturity Test Date and (c) with respect to any other Class of Term Loans, the maturity date specified therefor in the applicable Incremental Assumption
Agreement establishing such Class of Term Loans. 
 “Term Loan Installment Date” shall have the meaning
assigned to such term in Section 2.11(a). 
 “Term Loans” shall mean Tranche C-1A Term Loans, Tranche C-1B
Term Loans, Tranche C-2A Term Loans, Tranche C-2B Term Loans, Tranche C-4A Term Loans, Tranche C-4B Term Loans, Tranche C-5A Term Loans, Tranche C-5B Term Loans, Tranche C-6A Term Loans, Tranche C-6B Term Loans, Tranche C-7A Term Loans, Tranche C-7B
Term Loans, and Other Term Loans. 
 “Test Period” shall mean, on any date of determination, the period of four
consecutive fiscal quarters of the U.S. Borrower then most recently ended (taken as one accounting period). 
 “Total
Revolving Facility Commitments” shall mean, on any day, the sum of the Canadian Tranche Commitments, the European Tranche Commitments and the U.S. Tranche Commitments. 
 “Total Revolving Facility Exposure” shall mean, at any time, the sum of the European Tranche Revolving Facility Exposure,
the Canadian Tranche Revolving Facility Exposure and the U.S. Tranche Revolving Facility Exposure. 
 “Total Tranche C-3
Credit-Linked Deposit” shall mean, at any time, the sum of all Tranche C-3 Credit-Linked Deposits at such time, as the same may be (i) reduced from time to time pursuant to Section 2.05(e) or Section 2.09 and
(ii) increased from time to time pursuant to Section 2.05(e). 
  

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 “Tranche” shall mean a category of Commitments and extensions of credits
thereunder. For purposes hereof, each of the following comprises a separate Tranche: (a) the European Tranche Commitments, the European Tranche Revolving Facility Loans, the European Tranche Letters of Credit and Swingline Loans made under the
European Tranche Commitments, (b) the Canadian Tranche Commitments, the Canadian Tranche Revolving Facility Loans and the Canadian Tranche Letters of Credit and Obligations in respect of outstanding B/As, (c) the U.S. Tranche Commitments
and the U.S. Tranche Revolving Facility Loans, (d) the Tranche C-1A Term Loans and the related Tranche C-1 Term Loan Commitments, (e) the Tranche C-1B Term Loans and the related Tranche C-1 Term Loan Commitments, (f) the Tranche C-2A
Term Loans and the related Tranche C-2 Term Loan Commitments, (g) the Tranche C-2B Term Loans and the related Tranche C-2 Term Loan Commitments, (h) the Tranche C-3 Credit-Linked Deposits and Tranche C-3 Letters of Credit, (i) the
Tranche C-4A Term Loans and the related Tranche C-4 Term Loan Commitments, (j) the Tranche C-4B Term Loans and the related Tranche C-4 Term Loan Commitments, (k) the Tranche C-5A Term Loans and the related Tranche C-5 Term Loan
Commitments, (l) the Tranche C-5B Term Loans and the related Tranche C-5 Term Loan Commitments, (m) the Tranche C-6A Term Loans and the related Tranche C-6 Term Loan Commitments, (n) the Tranche C-6B Term Loans and the related Tranche
C-6 Term Loan Commitments, (o) the Tranche C-7A Term Loans and the related Tranche C-7 Term Loan Commitments and (p) the Tranche C-7B Term Loans and the related Tranche C-7 Term Loan Commitments. The categories of Commitments and
extensions of credit described under clauses (a), (b), (c) and (h) of the immediately preceding sentence are, respectively, the “European Tranche”, the “Canadian Tranche”, the “U.S.
Tranche” and “Tranche C-3”. 
 “Tranche C-1 Term Loan Commitment” shall mean, with
respect to each Lender, the commitment, if any, of such Lender under the May 2006 Amendment Agreement to make Tranche C-1 Term Loans under the May 2006 Credit Agreement, expressed as an amount representing the maximum aggregate permitted principal
amount of the Tranche C-1 Term Loans to be made by such Lender under the May 2006 Credit Agreement. The initial amount of each Lender’s Tranche C-1 Term Loan Commitment is set forth on Schedule 1 to the May 2006 Amendment Agreement. The initial
aggregate amount of the Lenders’ Tranche C-1 Term Loan Commitments was $1,335,000,000. 
 “Tranche C-1 Term
Loans” shall mean the term loans made by the Lenders to the U.S. Borrower pursuant to clauses (a)(i), (a)(ii) and (a)(iii) of Section 2.01 of the May 2006 Credit Agreement and the May 2006 Amendment Agreement. 
 “Tranche C-1A Lender” shall mean a Lender with an outstanding Tranche C-1A Term Loan originally made pursuant to a Tranche
C-1 Term Loan Commitment. 
 “Tranche C-1A Term Loans” shall mean the Tranche C-1 Term Loans held by each
Lender immediately prior to the Amendment Effective Date, to the extent such Lender has not elected to convert such term loans into Tranche C-1B Term Loans pursuant to the Amendment Agreement. The aggregate principal amount of the Tranche C-1A Term
Loans as of the Amendment Effective Date is $243,815,629.82. 
  

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 “Tranche C-1B Lender” shall mean a Lender with an outstanding Tranche C-1B
Term Loan originally made pursuant to a Tranche C-1 Term Loan Commitment. 
 “Tranche C-1B Term Loans” shall
mean the Tranche C-1 Term Loans held by each Lender immediately prior to the Amendment Effective Date, to the extent such Lender has elected to convert such term loans into Tranche C-1B Term Loans pursuant to the Amendment Agreement. The aggregate
principal amount of the Tranche C-1B Term Loans as of the Amendment Effective Date is $423,317,652.80. 
 “Tranche C-2
Term Loan Commitment” shall mean, with respect to each Lender, the commitment, if any, of such Lender to make Tranche C-2 Term Loans under the May 2006 Credit Agreement, expressed as an amount representing the maximum aggregate permitted
principal amount of the Tranche C-2 Term Loans to be made by such Lender under the May 2006 Credit Agreement. The initial amount of each Lender’s Tranche C-2 Term Loan Commitment is set forth on Schedule 1 to the May 2006 Amendment Agreement.
The initial aggregate amount of the Lenders’ Tranche C-2 Term Loan Commitments was $290,000,000. 
 “Tranche C-2
Term Loans” shall mean the term loans made by the Lenders to the Dutch Borrower pursuant to clause (a)(iv) of Section 2.01 of the May 2006 Credit Agreement and the May 2006 Amendment Agreement. 
 “Tranche C-2A Lender” shall mean a Lender with an outstanding Tranche C-2A Term Loan originally made pursuant to a Tranche
C-2 Term Loan Commitment. 
 “Tranche C-2A Term Loans” shall mean the Tranche C-2 Term Loans held by each
Lender immediately prior to the Amendment Effective Date, to the extent such Lender has not elected to convert such term loans into Tranche C-2B Term Loans pursuant to the Amendment Agreement. The aggregate principal amount of the Tranche C-2A Term
Loans as of the Amendment Effective Date is $102,328,127.68. 
 “Tranche C-2B Lender” shall mean a Lender with
an outstanding Tranche C-2B Term Loan originally made pursuant to a Tranche C-2 Term Loan Commitment. 
 “Tranche C-2B
Term Loans” shall mean the Tranche C-2 Term Loans held by each Lender immediately prior to the Amendment Effective Date, to the extent such Lender has elected to convert such term loans into Tranche C-2B Term Loans pursuant to the Amendment
Agreement. The aggregate principal amount of the Tranche C-2B Term Loans as of the Amendment Effective Date is $177,521,872.32. 
 “Tranche C-3 Credit-Linked Deposit Account” shall mean the account established by the Administrative Agent under its sole and exclusive control maintained at the office of JPMorgan Chase Bank, N.A., 270 Park Avenue, New
York, NY 10017, designated as the “Hexion Tranche C-3 Credit-Linked Deposit Account” that shall be used solely to hold the Tranche C-3 Credit-Linked Deposits. 
 “Tranche C-3 Credit-Linked Deposit” shall mean, as to each Tranche C-3 Lender, the cash deposit made by such Lender pursuant to Section 2.05 and the May 2006 Amendment Agreement, as
such deposit may be (a) reduced from time to time pursuant to Section 2.05(e)(ii)

  

 62 

 
or Section 2.09, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04 and (c) increased from time to time pursuant
to Section 2.05(e). The amount of each Tranche C-3 Lender’s Tranche C-3 Credit-Linked Deposit on the May 2006 Amendment Effective Date is set forth on Schedule 1 to the May 2006 Amendment Agreement, or in the Assignment and Acceptance
pursuant to which such Tranche C-3 Lender shall have acquired its Tranche C-3 Credit-Linked Deposit, as applicable. The initial aggregate amount of the Tranche C-3 Credit-Linked Deposits was $50,000,000. 
 “Tranche C-3 L/C Disbursement” shall mean any L/C Disbursement pursuant to a Tranche C-3 Letter of Credit. 
 “Tranche C-3 L/C Exposure” shall mean, at any time, the sum of (a) the aggregate undrawn amount of all outstanding
Tranche C-3 Letters of Credit at such time and (b) the aggregate amount of all Tranche C-3 L/C Disbursements that have not yet been reimbursed by or on behalf of the U.S. Borrower at such time. The Tranche C-3 L/C Exposure of any Tranche C-3
Lender at any time shall be its Tranche C-3 Percentage of the total Tranche C-3 L/C Exposure at such time. 
 “Tranche
C-3 Lender” shall mean a Lender having a Tranche C-3 Credit-Linked Deposit or a participation in any Tranche C-3 Letter of Credit. 
 “Tranche C-3 Letters of Credit” shall mean, at any time, Letters of Credit in an amount equal to the lesser of (i) the Total Tranche C-3 Credit-Linked Deposit and (ii) the
aggregate amount of Letters of Credit (other than Canadian Tranche Letters of Credit) denominated in U.S. Dollars and issued for the account of the U.S. Borrower outstanding at such time. Letters of Credit (other than Canadian Tranche Letters of
Credit) will from time to time be deemed to be Tranche C-3 Letters of Credit or European Tranche Letters of Credit in accordance with the provisions of Section 2.05(a). 
 “Tranche C-3 Maturity Date” shall mean the date specified in clause (a) of the definition of Term Facility Maturity
Date. 
 “Tranche C-3 Percentage” shall mean, with respect to any Tranche C-3 Lender, the percentage of the
total Tranche C-3 Credit-Linked Deposits represented by such Lender’s Tranche C-3 Credit-Linked Deposit. If the Tranche C-3 Credit-Linked Deposits shall have been applied in full to reimburse Tranche C-3 L/C Disbursements, the Tranche C-3
Percentage with respect to any Tranche C-3 Lender shall be determined based upon the Total Tranche C-3 Credit-Linked Deposit most recently in effect, giving effect to any assignments. 
 “Tranche C-4 Term Loan Commitment” shall mean, with respect to each Lender, the commitment, if any, of such Lender under
the November 2006 Amendment Agreement to make Tranche C-4 Term Loans thereunder on the November 2006 Amendment Effective Date, expressed as an amount representing the maximum aggregate permitted principal amount of the Tranche C-4 Term Loans to be
made by such Lender under the November 2006 Credit Agreement. The initial amount of each Lender’s Tranche C-4 Term Loan Commitment is set forth on Schedule 1 to the November 2006 Amendment Agreement. The initial aggregate amount of the
Lenders’ Tranche C-4 Term Loan Commitments was $375,000,000. 
  

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 “Tranche C-4 Term Loans” shall mean the term loans made by the Lenders to
the U.S. Borrower pursuant to clause (a)(i) of Section 2.01 of the November 2006 Credit Agreement and the November 2006 Amendment Agreement. 
 “Tranche C-4A Lender” shall mean a Lender with an outstanding Tranche C-4A Term Loan originally made pursuant to a Tranche C-4 Term Loan Commitment. 
 “Tranche C-4A Term Loans” shall mean the Tranche C-4 Term Loans held by each Lender immediately prior to the Amendment
Effective Date, to the extent such Lender has not elected to convert such term loans into Tranche C-4B Term Loans pursuant to the Amendment Agreement. The aggregate principal amount of the Tranche C-4A Term Loans as of the Amendment Effective Date
is $35,304,229.77. 
 “Tranche C-4B Lender” shall mean a Lender with an outstanding Tranche C-4B Term Loan
originally made pursuant to a Tranche C-4 Term Loan Commitment. 
 “Tranche C-4B Term Loans” shall mean the
Tranche C-4 Term Loans held by each Lender immediately prior to the Amendment Effective Date, to the extent such Lender has elected to convert such term loans into Tranche C-4B Term Loans pursuant to the Amendment Agreement. The aggregate principal
amount of the Tranche C-4B Term Loans as of the Amendment Effective Date is $148,649,985.19. 
 “Tranche C-5 Term Loan
Commitment” shall have the meaning set forth in Section 1 of the Incremental and First Amendment. 
 “Tranche C-5 Term Loans” shall have the meaning set forth in Section 1 of the Incremental and First Amendment. 
 “Tranche C-5A Lender” shall mean a Lender with an outstanding Tranche C-5A Term Loan originally made pursuant to a Tranche C-5 Term Loan Commitment. 
 “Tranche C-5A Term Loans” shall mean the Tranche C-5 Term Loans held by each Lender immediately prior to the Amendment
Effective Date, to the extent such Lender has not elected to convert such term loans into Tranche C-5B Term Loans pursuant to the Amendment Agreement. The aggregate principal amount of the Tranche C-5A Term Loans as of the Amendment Effective Date
is $29,640,160.39. 
 “Tranche C-5B Lender” shall mean a Lender with an outstanding Tranche C-5B Term Loan
originally made pursuant to a Tranche C-5 Term Loan Commitment. 
 “Tranche C-5B Term Loans” shall mean the
Tranche C-5 Term Loans held by each Lender immediately prior to the Amendment Effective Date, to the extent such Lender has elected to convert such term loans into Tranche C-5B Term Loans pursuant to the Amendment Agreement. The aggregate principal
amount of the Tranche C-5B Term Loans as of the Amendment Effective Date is $67,859,839.61. 
 “Tranche C-6 Term Loan
Commitment” shall have the meaning set forth in Section 1 of the Incremental and First Amendment. 
  

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 “Tranche C-6 Term Loans” shall have the meaning set forth in Section 1
of the Incremental and First Amendment. 
 “Tranche C-6A Lender” shall mean a Lender with an outstanding
Tranche C-6A Term Loan originally made pursuant to a Tranche C-6 Term Loan Commitment. 
 “Tranche C-6A Term
Loans” shall mean the Tranche C-6 Term Loans held by each Lender immediately prior to the Amendment Effective Date, to the extent such Lender has not elected to convert such term loans into Tranche C-6B Term Loans pursuant to the Amendment
Agreement. The aggregate principal amount of the Tranche C-6A Term Loans as of the Amendment Effective Date is $49,256,317.50. 
 “Tranche C-6B Lender” shall mean a Lender with an outstanding Tranche C-6B Term Loan originally made pursuant to a Tranche C-6 Term Loan Commitment. 
 “Tranche C-6B Term Loans” shall mean the Tranche C-6 Term Loans held by each Lender immediately prior to the Amendment
Effective Date, to the extent such Lender has elected to convert such term loans into Tranche C-6B Term Loans pursuant to the Amendment Agreement. The aggregate principal amount of the Tranche C-6B Term Loans as of the Amendment Effective Date is
$48,243,682.50. 
 “Tranche C-7 Term Loan Commitment” shall have the meaning set forth in Section 1 of the
Second Incremental Amendment. 
 “Tranche C-7 Term Loans” shall have the meaning set forth in Section 1 of
the Second Incremental Amendment. 
 “Tranche C-7A Lender” shall mean a Lender with an outstanding Tranche C-7A
Term Loan originally made pursuant to a Tranche C-7 Term Loan Commitment. 
 “Tranche C-7A Term Loans” shall
mean the Tranche C-7 Term Loans held by each Lender immediately prior to the Amendment Effective Date, to the extent such Lender has not elected to convert such term loans into Tranche C-7B Term Loans pursuant to the Amendment Agreement. The
aggregate principal amount of the Tranche C-7A Term Loans as of the Amendment Effective Date is $11,918,549.04. 
 “Tranche C-7B Lender” shall mean a Lender with an outstanding Tranche C-7B Term Loan originally made pursuant to a Tranche C-7 Term Loan Commitment. 
 “Tranche C-7B Term Loans” shall mean the Tranche C-7 Term Loans held by each Lender immediately prior to the Amendment
Effective Date, to the extent such Lender has elected to convert such term loans into Tranche C-7B Term Loans pursuant to the Amendment Agreement. The aggregate principal amount of the Tranche C-7B Term Loans as of the Amendment Effective Date is
$85,581,450.96. 
 “Tranche Percentage” shall mean (a) with respect to any Revolving Lender holding any
Commitment or Loan under the European Tranche or the Canadian Tranche, such

  

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Lender’s European Tranche Percentage or Canadian Tranche Percentage, as applicable and (b) with respect to any Tranche C-3 Lender, such Lender’s Tranche C-3 Percentage. 

“Transactions” shall mean, collectively, (a) the sale and issuance of the New 1-1/2 Lien Notes and the execution
and delivery of the New 1-1/2 Lien Notes Documents, (b) the entering into of the Amendment Agreement and the other Loan Documents and the conversion of a portion of the existing Term Loans for the Extended Maturity Term Loans pursuant to the
Amendment Agreement on the Amendment Effective Date and (c) the payment of all fees and expenses in connection therewith to be paid on, prior to or subsequent to the Amendment Effective Date. 
 “Type”, when used in respect of any Loan, Borrowing or B/A Drawing, shall refer to the Rate by reference to which interest
on such Loan or on the Loans comprising such Borrowing, or on such B/A Drawing, is determined. For purposes hereof, the term “Rate” shall include the Adjusted Eurocurrency Rate, ABR, any Base Rate and the Discount B/A Rate.

 “U.K. Borrowers” shall have the meaning assigned to such term in the preamble hereto. 
 “U.K. Debenture” shall mean a fixed and floating charge over substantially all of the applicable grantors’ assets from
time to time in form and substance acceptable to the Administrative Agent. 
 “Unrestricted Subsidiary” shall
mean (i) any subsidiary of the U.S. Borrower identified on Schedule 1.01B and (ii) any additional subsidiary of the U.S. Borrower designated as such by the U.S. Borrower that, together with all other Unrestricted Subsidiaries
designated pursuant to this clause (ii), constitutes in the aggregate less than 5% of (1) aggregate net sales on a trailing twelve months’ basis and (2) Consolidated Total Assets at such date of determination; provided that, at
any time an Unrestricted Subsidiary designation pursuant to this clause (ii) causes the aggregate sales or aggregate assets test set forth above to no longer be satisfied, the Unrestricted Subsidiary or Unrestricted Subsidiaries, as applicable,
that has or have either the highest sales or the largest book value of assets, as applicable, of all such Unrestricted Subsidiaries as of the date of the most recent financial statements delivered pursuant to Section 5.04(a) or (b) shall
automatically constitute a Subsidiary and cease to constitute an Unrestricted Subsidiary and the U.S. Borrower shall promptly cause the U.S. Guarantee Agreement or the Foreign Guarantee Agreement, as applicable, and appropriate Security Documents to
be executed and delivered to the Administrative Agent (such that, following such conversion of each such Unrestricted Subsidiary to a Subsidiary, the Collateral and Guarantee Requirement shall be satisfied and the remaining Unrestricted Subsidiaries
shall satisfy this definition); provided, further, that no Existing Notes Issuer or New Notes Issuer shall be an Unrestricted Subsidiary. The U.S. Borrower may designate any Unrestricted Subsidiary to be a Subsidiary for purposes of
this Agreement (each, a “Subsidiary Redesignation”); provided, that (i) such Unrestricted Subsidiary, both before and after giving effect to such designation, shall be a Wholly Owned Subsidiary of the U.S. Borrower,
(ii) no Default or Event of Default has occurred and is continuing or would result therefrom, (iii) immediately after giving effect to such Subsidiary Redesignation (as well as all other Subsidiary Redesignations theretofore consummated
after the first day of such Reference Period), the U.S. Borrower shall be in Pro

  

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Forma Compliance, (iv) all representations and warranties contained herein and in the other Loan 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), unless stated to relate to a specific earlier date, in which case such representations and
warranties shall be true and correct in all material respects as of such earlier date, and (v) the U.S. Borrower shall have delivered to the Administrative Agent an officer’s certificate executed by a Responsible Officer of the U.S.
Borrower, certifying to the best of such officer’s knowledge, compliance with the requirements of preceding clauses (i) through (iv), inclusive, and containing the calculations and information required by the preceding clause (iii).

 “U.S.A. Patriot Act” shall mean the U.S.A. Patriot Act, Title III of Pub.L. 107-56 (signed into law
October 26, 2001). 
 “U.S. Base Rate” shall mean, for any day, the rate of interest per annum equal to
the greater of (a) the interest rate per annum publicly announced from time to time by the Administrative Agent as its reference rate in effect on such day at its principal office in Toronto for determining interest rates applicable to
commercial loans denominated in U.S. 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 Federal Funds Effective Rate in effect on
such day plus 1/2 of 1%. 
 “U.S. Base Rate Borrowing” shall mean a Borrowing consisting of U.S. Base Rate
Loans. 
 “U.S. Base Rate Loan” shall mean any Revolving Facility Loan bearing interest at a rate determined by
reference to the U.S. Base Rate in accordance with the provisions of Article II. 
 “U.S. Borrower” shall
have the meaning assigned to such term in the preamble hereto. 
 “U.S. Dollar Equivalent” shall mean, on any
date of determination, (a) with respect to any amount in U.S. Dollars, such amount, and (b) with respect to any amount in any other currency, the equivalent in U.S. Dollars of such amount, determined by the Administrative Agent pursuant to
Section 1.04 using the Exchange Rate with respect to such currency at the time in effect under the provisions of such Section. 
 “U.S. Dollars” or “$” shall mean lawful money of the United States of America. 
 “U.S. Guarantee Agreement” shall mean the U.S. Guarantee Agreement dated as of May 31, 2005, as amended, supplemented or otherwise modified from time to time, among Holdings, the U.S. Borrower, the Domestic Subsidiary
Loan Parties and the Administrative Agent. 
 “U.S. Lending Office” shall mean, (i) as to any Lender, the
applicable branch, office or Affiliate of such Lender designated by such Lender to make Loans to the U.S. Borrower, (ii) as to any Tranche C-5A Lender, the applicable branch, office or Affiliate of such

  

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Tranche C-5A Lender designated by such Tranche C-5A Lender to make Loans to the Dutch Borrower or (iii) as to any Tranche C-5B Lender, the applicable branch, office or Affiliate of such
Tranche C-5B Lender designated by such Tranche C-5B Lender to make Loans to the Dutch Borrower. 
 “U.S.
Obligations” shall mean the Obligations (as defined in the Collateral Agreement) of each of the U.S. Borrower and the Domestic Subsidiary Loan Parties as they may exist from time to time other than (a) the Parallel Debt U.S.
Obligations, (b) the Parallel Debt Foreign Obligations and (c) the Foreign Obligations. 
 “U.S.
Tranche” has the meaning assigned to such term under the definition of “Tranche”. 
 “U.S. Tranche
Commitment” shall mean, with respect to each U.S. Tranche Lender, the commitment of such U.S. Tranche Lender to make U.S. Tranche Revolving Facility Loans pursuant to Section 2.01, expressed as an amount representing the maximum
aggregate permitted amount of such Lender’s U.S. Tranche Revolving Facility Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time
pursuant to assignments by or to such Lender pursuant to Section 2.21 or Section 9.04. The initial amount of each Lender’s U.S. Tranche Commitment is set forth on Schedule 2.01 to the November 2006 Credit Agreement, or in the
Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its U.S. Tranche Commitment, as applicable. The aggregate amount of the Lenders’ U.S. Tranche Commitments as of the Amendment
Effective Date is $50.0 million. 
 “U.S. Tranche Lender” shall mean a Lender with a U.S. Tranche Commitment or
with outstanding U.S. Tranche Revolving Facility Exposure. 
 “U.S. Tranche Percentage” shall mean, with
respect to any U.S. Tranche Lender, the percentage of the total U.S. Tranche Commitments represented by such Lender’s U.S. Tranche Commitment. If the U.S. Tranche Commitments have terminated or expired, the U.S. Tranche Percentages shall be
determined based upon the U.S. Tranche Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04. 
 “U.S. Tranche Revolving Facility Exposure” shall mean, at any time, the aggregate principal amount of the U.S. Tranche Revolving Facility Loans outstanding at such time. The U.S. Tranche
Revolving Facility Exposure of any Lender at any time shall be such Lender’s U.S. Tranche Percentage of the total U.S. Tranche Revolving Facility Exposure at such time. 
 “U.S. Tranche Revolving Facility Loan” shall mean a loan made by a U.S. Tranche Lender pursuant to Section 2.01(c).
Each U.S. Tranche Revolving Facility Loan shall be a Eurocurrency Loan or an ABR Loan. 
 “Wholly Owned
Subsidiary” of any person shall mean a subsidiary of such person, all of the Equity Interests of which (other than directors’ qualifying shares or nominee or other similar shares required pursuant to applicable law) are owned by such
person or another Wholly Owned Subsidiary of such person. 
  

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 “Withdrawal Liability” shall mean liability to a Multiemployer Plan as a
result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 “Working Capital” shall mean, with respect to the U.S. Borrower and the Subsidiaries on a consolidated basis at any date of determination, Current Assets at such date of determination
minus Current Liabilities at such date of determination; provided that, for purposes of calculating Excess Cash Flow, increases or decreases in Working Capital shall be calculated without regard to any changes in Current Assets or
Current Liabilities as a result of (a) any reclassification in accordance with GAAP of assets or liabilities, as applicable, between current and noncurrent or (b) the effects of purchase accounting. 
 SECTION 1.02. Terms Generally. The definitions set forth or referred to in Section 1.01 shall apply equally to
both the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation.” All references herein to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and Exhibits and Schedules
to, this Agreement unless the context shall otherwise require. Except as otherwise expressly provided herein, any reference in this Agreement to any Loan Document shall mean such document as amended, restated, supplemented or otherwise modified from
time to time. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the U.S. Borrower notifies the
Administrative Agent that the U.S. Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the Closing Date in GAAP or in the application thereof on the operation of such provision (or if the
Administrative Agent notifies the U.S. Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application
thereof, then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith.

 SECTION 1.03. Effectuation of Transactions. Each of the representations and warranties of Holdings and
the Borrowers contained in this Agreement (and all corresponding definitions) are made after giving effect to the Transactions (or such portion thereof as shall be consummated as of the date of the applicable representation or warranty), unless the
context otherwise requires. 
 SECTION 1.04. Currency Translation. (a) For purposes of determining
compliance as of any date with Section 6.01, 6.02, 6.03, 6.04, 6.05, 6.06, 6.07 or 6.10 (other than for purposes of calculating the Consolidated Leverage Ratio or the Senior Secured Bank Leverage Ratio, as used in any such Section, which shall
be calculated in accordance with the definitions thereof),

  

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amounts incurred or outstanding in currencies other than U.S. Dollars shall be translated into U.S. Dollars at the exchange rates in effect on the first Business Day of the fiscal quarter in
which such determination occurs or in respect of which such determination is being made, as such exchange rates shall be determined in good faith by the U.S. Borrower. No Default or Event of Default shall arise as a result of any limitation or
threshold set forth in U.S. Dollars in Section 6.01, 6.02, 6.03, 6.04, 6.05, 6.06, 6.07 or 6.10 or paragraph (f) or (j) of Section 7.01 being exceeded solely as a result of changes in currency exchange rates from those rates
applicable on the first day of the fiscal quarter in which such determination occurs or in respect of which such determination is being made. 
 (b) (i) The Administrative Agent shall determine the U.S. Dollar Equivalent of any Letter of Credit denominated in any Alternative Currency as of each date (with such date to be reasonably
determined by the Administrative Agent) that is on or about the date of each request for the issuance, amendment, renewal or extension of such Alternative Currency Letter of Credit, using the Exchange Rate for the applicable currency in relation to
U.S. Dollars in effect on the date of determination, and each such amount shall be the U.S. Dollar Equivalent of such Letter of Credit until the next required calculation thereof pursuant to this Section 1.04(b)(i). The Administrative
Agent shall in addition determine the U.S. Dollar Equivalent of any Letter of Credit denominated in any Alternative Currency as of the CAM Exchange Date as set forth in Section 10.02. 
 (ii) The Administrative Agent shall determine the U.S. Dollar Equivalent of any Borrowing denominated in any Alternative
Currency or any B/A accepted and purchased under Section 2.06 as of each date (with such date to be reasonably determined by the Administrative Agent) that is on or about the date of a Borrowing Request, Interest Election Request or request for
an acceptance and purchase of B/As with respect to such Borrowing or B/A, in each case using the Exchange Rate for the applicable currency in relation to U.S. Dollars in effect on the date of determination, and each such amount shall be the
U.S. Dollar Equivalent of such Borrowing or B/A until the next required calculation thereof pursuant to this Section 1.04(b)(ii). The Administrative Agent shall in addition determine the U.S. Dollar Equivalent of any Borrowing
denominated in any Alternative Currency or any B/A accepted and purchased under Section 2.06 as of the CAM Exchange Date as set forth in Section 10.01. 
 (iii) The U.S. Dollar Equivalent of any L/C Disbursement made by any Issuing Bank in any Alternative Currency and not
reimbursed by the applicable Borrower shall be determined as set forth in paragraphs (e) or (m) of Section 2.05, as applicable. In addition, the U.S. Dollar Equivalent of the Revolving L/C Exposure shall be determined as set
forth in paragraph (j) of Section 2.05, at the time and in the circumstances specified therein. 
 (iv)
The Administrative Agent shall notify the Borrowers, the applicable Lenders and the applicable Issuing Bank of each calculation of the U.S. Dollar Equivalent of each Letter of Credit, Borrowing, B/A accepted and purchased hereunder and L/C
Disbursement. 
  

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 ARTICLE II 
 The Credits 
 SECTION 2.01. Commitments. Subject to
the terms and conditions set forth herein and in the Amendment Agreement: 
 (a) each European Tranche Lender
agrees from time to time during the Availability Period with respect to the European Tranche Commitments (i) to make European Tranche Revolving Facility Loans (A) in euro, U.S. Dollars or Sterling to each U.K. Borrower and (B) in euro
to the Dutch Borrower, in each case from its Euro Lending Office and (ii) to make European Tranche Revolving Facility Loans in U.S. Dollars to the U.S. Borrower from its U.S. Lending Office, in an aggregate principal amount that will not result
in (w) such Lender’s European Tranche Revolving Facility Exposure exceeding such Lender’s European Tranche Commitment, (x) the European Tranche Revolving Facility Exposure exceeding the total European Tranche Commitments,
(y) the portion of the European Tranche Revolving Facility Exposure represented by Loans to or Revolving L/C Exposure in respect of (1) the Dutch Borrower exceeding $125.0 million, or (2) the U.K. Borrowers exceeding $75.0 million or
(z) the Total Revolving Facility Exposure exceeding the Total Revolving Facility Commitments; 
 (b) each
Canadian Tranche Lender agrees from time to time during the Availability Period with respect to the Canadian Tranche Commitments (i) to make Canadian Tranche Revolving Facility Loans in Canadian Dollars or U.S. Dollars to the Canadian Borrower
from its Canadian Lending Office and/or to cause its Canadian Lending Office to accept and purchase or arrange for the acceptance and purchase of drafts drawn by the Canadian Borrower in Canadian Dollars as B/As and (ii) to make Canadian
Tranche Revolving Facility Loans in U.S. Dollars to the U.S. Borrower from its U.S. Lending Office, in an aggregate principal amount that will not result in (A) such Lender’s Canadian Tranche Revolving Facility Exposure exceeding such
Lender’s Canadian Tranche Commitment, (B) the Canadian Tranche Revolving Facility Exposure exceeding the total Canadian Tranche Commitments or (C) the Total Revolving Facility Exposure exceeding the Total Revolving Facility
Commitments; 
 (c) each U.S. Tranche Lender agrees from time to time during the Availability Period with
respect to the U.S. Tranche Commitments to make U.S. Tranche Revolving Facility Loans in U.S. Dollars to the U.S. Borrower from its U.S. Lending Office in an aggregate principal amount that will not result in (A) such Lender’s U.S. Tranche
Revolving Facility Exposure exceeding such Lender’s U.S. Tranche Commitment, (B) the U.S. Tranche Revolving Facility Exposure exceeding the total U.S. Tranche Commitments or (C) the Total Revolving Facility Exposure exceeding the
Total Revolving Facility Commitments; 
  

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 (d) each Lender having an Incremental Term Loan Commitment or an
Incremental Revolving Facility Commitment agrees, subject to the terms and conditions set forth in the applicable Incremental Assumption Agreement, to make Incremental Term Loans to the U.S. Borrower or the Dutch Borrower, as applicable, and/or
Incremental Revolving Facility Loans to any Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment or Incremental Revolving Facility Commitment, as the case may be; and 
 (e) within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay
and reborrow Revolving Facility Loans. Amounts repaid in respect of Term Loans may not be reborrowed. 
 All Revolving Loans, Tranche C-1A Term
Loans, Tranche C-1B Term Loans, Tranche C-2A Term Loans, Tranche C-2B Term Loans, Tranche C-4A Term Loans, Tranche C-4B Term Loans, Tranche C-5A Term Loans, Tranche C-5B Term Loans, Tranche C-6A Term Loans, Tranche C-6B Term Loans, Tranche C-7A Term
Loans and Tranche C-7B Term Loans outstanding, and all Tranche C-3 Credit Linked Deposits funded, on and as of the Amendment Effective Date after giving effect to the Transactions shall remain outstanding or funded, as applicable, hereunder on the
terms set forth herein, except as otherwise provided herein. 
 SECTION 2.02. Loans and Borrowings.
(a) Each Loan shall be made as part of a Borrowing consisting of Loans of the same Class and Type made by the Lenders ratably in accordance with their respective Commitments of the applicable Class (or, in the case of Swingline Loans, in
accordance with their respective Swingline Commitments); provided, however, that Revolving Facility Loans of any Tranche shall be made by the Revolving Facility Lenders ratably in accordance with their respective Tranche Percentages in
respect of such Tranche on the date such Loans are made hereunder. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the
Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 
 (b) Subject to Section 2.15, (i) in the case of the U.S. Borrower, each Borrowing (other than a Swingline Borrowing) shall be comprised entirely of ABR Loans or Eurocurrency Loans as the U.S. Borrower may request in accordance
herewith; (ii) in the case of the Canadian Borrower, each Borrowing (A) denominated in U.S. Dollars shall be comprised entirely of U.S. Base Rate Loans or Eurocurrency Loans as the Canadian Borrower may request in accordance herewith and
(B) denominated in Canadian Dollars shall be comprised entirely of Canadian Base Rate Loans; and (iii) in the case of the Dutch Borrower and the U.K. Borrowers, each Borrowing shall be comprised entirely of Base Rate Loans or Eurocurrency
Loans as the applicable Borrower may request in accordance herewith. Each Swingline Borrowing made by the U.S. Borrower shall be an ABR Borrowing. Each Swingline Borrowing made by the Dutch Borrower or a U.K. Borrower shall be a Base Rate Borrowing.
Each Lender at its option may make any ABR Loan, Base

  

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Rate Loan or Eurocurrency Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the
obligation of any Borrower to repay such Loan in accordance with the terms of this Agreement and such Lender shall not be entitled to any amounts payable under Section 2.16 or 2.18 solely in respect of increased costs or taxes resulting from
such exercise and existing at the time of such exercise. 
 (c) At the commencement of each Interest Period for
any Eurocurrency Revolving Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum. At the time that (i) each ABR Revolving Borrowing or Base Rate
Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum; provided that an ABR Revolving Borrowing or Base Rate Revolving
Borrowing may be in an aggregate amount that is equal to the entire unused balance of the Canadian Tranche Commitments, the European Tranche Commitments or the U.S. Tranche Commitments, as applicable, or that is required to finance the reimbursement
of an L/C Disbursement as contemplated by Section 2.05(e). Borrowings of more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of (i) ten Eurocurrency
Borrowings outstanding under each of the Tranche C-1A Term Loans, Tranche C-1B Term Loans, the Tranche C-2A Term Loans, the Tranche C-2B Term Loans, the Tranche C-4A Term Loans, the Tranche C-4B Term Loans, the Tranche C-5A Term Loans, the Tranche
C-5B Term Loans, the Tranche C-6A Term Loans, the Tranche C-6B Term Loans, the Tranche C-7A Term Loans, the Tranche C-7B Term Loans, or any Other Term Loans and (ii) ten Eurocurrency Borrowings outstanding under each of the European Tranche,
the Canadian Tranche, the U.S. Tranche or any Other Revolving Facility Loans. 
 (d) Notwithstanding any other
provision of this Agreement, no Borrower shall be entitled to request, or to elect to convert or continue, any Borrowing or B/A Drawing if the Interest Period or Contract Period requested with respect thereto would end after the Revolving Facility
Maturity Date of any Class or the Term Facility Maturity Date of any Class, as applicable. 
 SECTION 2.03.
Requests for Borrowings. To request a Revolving Borrowing and/or a Term Borrowing, the applicable Borrower shall notify the Administrative Agent of such request (as provided in Section 9.01 and, unless otherwise agreed upon by the
Administrative Agent, in Schedule 2.03 to the November 2006 Credit Agreement) by telephone (a) in the case of a Eurocurrency Borrowing, not later than 11:00 a.m., Local Time, three Business Days before the date of the proposed
Borrowing or (b) in the case of an ABR Borrowing or Base Rate Borrowing, not later than 12:00 p.m., Local Time, one Business Day before the date of the proposed Borrowing; provided that any such notice of an ABR Revolving Borrowing or a
Base Rate Borrowing to finance the reimbursement of an L/C Disbursement as contemplated by Section 2.05(e) may be given not later than 11:00 a.m., Local Time, on the date of the proposed Borrowing. Each such telephonic Borrowing
Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative

  

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Agent of a written Borrowing Request in a form approved by the Administrative Agent and signed by the applicable Borrower. Each such telephonic and written Borrowing Request shall specify the
following information in compliance with Section 2.02: 
 (i) the Borrower requesting such Borrowing;

 (ii) the Class of such Borrowing; 
 (iii) the currency and aggregate amount of the requested Borrowing; 
 (iv) the date of such Borrowing, which shall be a Business Day; 
 (v) whether such Borrowing is to be an ABR Borrowing, a Base Rate Borrowing or a Eurocurrency Borrowing; 
 (vi) in the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable thereto, which shall be a period
contemplated by the definition of the term “Interest Period”; and 
 (vii) the location and number of
the applicable Borrower’s account to which funds are to be disbursed. 
 If no election as to the Type of Revolving Borrowing is specified,
then the requested Revolving Borrowing shall be (i) in the case of a Revolving Borrowing by the U.S. Borrower, an ABR Borrowing and (ii) in the case of any other Revolving Borrowing, a Base Rate Borrowing. If no Interest Period is
specified with respect to any requested Eurocurrency Borrowing, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance with this
Section, the Administrative Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the requested Borrowing. 
 SECTION 2.04. Swingline Loans. (a) Subject to the terms and conditions set forth herein, the Swingline Lender
agrees to make Swingline Loans in U.S. Dollars to the U.S. Borrower, in euro to the Dutch Borrower, and in euro, U.S. Dollars and Sterling to the U.K. Borrowers, from time to time during the Availability Period with respect to the European Tranche
Commitment, in an aggregate principal amount at any time outstanding that will not result in (i) the Swingline Exposure exceeding the Swingline Commitment, (ii) the European Tranche Revolving Facility Exposure exceeding the total European
Tranche Commitments or (iii) the Total Revolving Facility Exposure exceeding the Total Revolving Facility Commitments; provided that the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding
Swingline Borrowing. Each Swingline Borrowing shall be in an amount that is an integral multiple of $100,000, €100,000 or £100,000, as the case may be, and not less than $1,000,000, €1,000,000 or £1,000,000, as the case may be.
Within the foregoing limits and subject to the terms and conditions set forth herein, the U.S. Borrower, the Dutch Borrower and the U.K. Borrowers may borrow, prepay and reborrow Swingline Loans. 
  

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 (b) To request a Swingline Borrowing, the applicable Borrower shall notify
the Administrative Agent, JPMorgan Europe Limited and the Swingline Lender of such request by telephone (confirmed by a Swingline Borrowing Request by telecopy), not later than 1:00 p.m., Local Time, on the day of a proposed Swingline Borrowing.
Each such notice and Swingline Borrowing Request shall be irrevocable and shall specify (i) the Borrower requesting such Swingline Borrowing, (ii) the requested date (which shall be a Business Day), (iii) the currency and amount of
the requested Swingline Borrowing and (iv) in the case of a Swingline Borrowing to be made by the Dutch Borrower or a U.K. Borrower, the Interest Period to be applicable thereto, which shall be a period contemplated by clause (b) of the
definition of “Interest Period”. The Swingline Lender shall consult with the Administrative Agent as to whether the making of the Swingline Loan is in accordance with the terms of this Agreement prior to the Swingline Lender funding such
Swingline Loan. The Swingline Lender shall make each Swingline Loan to be made by it hereunder in accordance with Section 2.02(a) on the proposed date thereof by wire transfer of immediately available funds by 3:00 p.m., Local Time,
to the account of the applicable Borrower (or, in the case of a Swingline Borrowing made to finance the reimbursement of an L/C Disbursement as provided in Section 2.05(e), by remittance to the applicable Issuing Bank). 
 (c) The Swingline Lender may by written notice given to the Administrative Agent not later than 12:00 p.m., Local Time,
on any Business Day require the European Tranche Lenders to acquire participations on such Business Day in all or a portion of the outstanding Swingline Loans made by it. Such notice shall specify the aggregate amount of such Swingline Loans in
which the European Tranche Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each such Lender, specifying in such notice such European Tranche Lender’s European Tranche
Percentage of such Swingline Loan or Loans. Each European Tranche Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent for the account of the Swingline Lender, such
European Tranche Lender’s European Tranche Percentage of such Swingline Loan or Loans. Each European Tranche Lender acknowledges and agrees that its respective obligation to acquire participations in Swingline Loans pursuant to this paragraph
is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any
offset, abatement, withholding or reduction whatsoever. Each European Tranche Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.07 with
respect to Loans made by such European Tranche Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so
received by it from the European Tranche Lenders. The Administrative Agent shall notify the U.S. Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph (c), and thereafter payments in respect of such Swingline
Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any amounts received by the

  

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Swingline Lender from any Borrower (or other party on behalf of such Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations
therein shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the European Tranche Lenders that shall have made their payments pursuant
to this paragraph and to the Swingline Lender, as their interests may appear; provided that any such payment so remitted shall be repaid to the Swingline Lender or to the Administrative Agent, as applicable, if and to the extent such payment
is required to be refunded to the applicable Borrower for any reason. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve any Borrower of any default in the payment thereof. 
 (d) All Swingline Loans outstanding under the November 2006 Credit Agreement on the Amendment Effective Date shall remain
outstanding hereunder on the terms set forth herein, except as otherwise provided herein. 
 SECTION 2.05.
Letters of Credit. (a) General. Subject to the terms and conditions set forth herein (including, with respect to issuances of Tranche C-3 Letters of Credit, Section 2.23), each Borrower may request the issuance of Revolving
Letters of Credit under either the European Tranche denominated in any Alternative Currency or U.S. Dollars or under the Canadian Tranche denominated in U.S. Dollars or Canadian Dollars (provided that, in the case of Canadian Dollar-denominated
Revolving Letters of Credit for the account of the Canadian Borrower, an Issuing Bank in respect thereof has been agreed and designated), and the U.S. Borrower may request issuance of Tranche C-3 Letters of Credit denominated in U.S. Dollars, in
each case for its own account (or, in the case of Revolving Letters of Credit, for the account of a Subsidiary, so long as such Borrower and such Subsidiary are co-applicants), in a form reasonably acceptable to the applicable Issuing Bank, at any
time and from time to time during the Availability Period for such Tranche and prior to the date that is five Business Days prior to (i) the applicable Revolving Facility Maturity Date, in the case of the Canadian Tranche and European Tranche,
or (ii) the Tranche C-3 Maturity Date, in the case of Tranche C-3. For purposes hereof, (i) all Letters of Credit (other than Canadian Tranche Letters of Credit) that are denominated in U.S. Dollars and issued for the account of the U.S.
Borrower shall at all times and from time to time be deemed to be Tranche C-3 Letters of Credit in the amount specified in the definition of Tranche C-3 Letters of Credit and be deemed to be European Tranche Letters of Credit only to the extent, and
in an amount by which, the aggregate amount of outstanding Letters of Credit (other than Canadian Tranche Letters of Credit) that are denominated in U.S. Dollars and issued for the account of the U.S. Borrower exceeds such amount specified in the
definition of Tranche C-3 Letters of Credit, (ii) drawings under any Letter of Credit (other than Canadian Tranche Letters of Credit) that are denominated in U.S. Dollars and issued for the account of the U.S. Borrower shall be deemed to have
been made under European Tranche Letters of Credit for so long as, and to the extent that, there are any undrawn European Tranche Letters of Credit outstanding that are denominated in U.S. Dollars and issued for the account of the

  

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U.S. Borrower (and thereafter shall be deemed to have been made under Tranche C-3 Letters of Credit) and (iii) any Letter of Credit (other than any Canadian Tranche Letter of Credit) that is
denominated in U.S. Dollars and issued for the account of the U.S. Borrower and that expires or terminates will be deemed to be a European Tranche Letter of Credit, for so long as, and to the extent that, there are outstanding European Tranche
Letters of Credit that are denominated in U.S. Dollars and issued for the account of the U.S. Borrower immediately prior to such expiration or termination; provided, however, that, at any time during which an Event of Default shall
have occurred and be continuing, (A) Letters of Credit (other than Canadian Tranche Letters of Credit) that are denominated in U.S. Dollars and issued for the account of the U.S. Borrower shall be deemed to be European Tranche Letters of Credit
and Tranche C-3 Letters of Credit, (B) drawings under Letters of Credit (other than Canadian Tranche Letters of Credit) that are denominated in U.S. Dollars and issued for the account of the U.S. Borrower shall be deemed to have been made under
European Tranche Letters of Credit and Tranche C-3 Letters of Credit and (C) any Letter of Credit (other than any Canadian Tranche Letter of Credit) that is denominated in U.S. Dollars and issued for the account of the U.S. Borrower and that
expires or terminates shall be deemed to be a European Tranche Letter of Credit and a Tranche C-3 Letter of Credit, in each case pro rata based upon (1) the total European Tranche Commitments at such time and (2) the sum of the
Total Tranche C-3 Credit-Linked Deposit and the amount of the Total Tranche C-3 Credit-Linked Deposit that shall have been applied to reimburse outstanding Tranche C-3 L/C Disbursements at such time. To the extent necessary to implement the
foregoing, the identification of a Letter of Credit as a European Tranche Letter of Credit or a Tranche C-3 Letter of Credit may change from time to time and a portion of a Letter of Credit may be deemed to be a Tranche C-3 Letter of Credit and the
remainder be deemed to be a European Tranche Letter of Credit. Notwithstanding the foregoing, the entire face amount of any Letter of Credit with an expiration date after the applicable Revolving Facility Maturity Date shall at all times be deemed
to be a Tranche C-3 Letter of Credit, subject to the limitations set forth in clause (i) of the third sentence of this paragraph (a). In the event of any inconsistency between the terms and conditions of this Agreement and the terms and
conditions of any form of letter of credit application or other agreement submitted by such Borrower to, or entered into by such Borrower with, an Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall
control. 
 (b) Notice of Issuance, Amendment, Renewal, Extension: Certain Conditions. To request the
issuance of a Letter of Credit (or the amendment, renewal (other than an automatic renewal in accordance with paragraph (c) of this Section) or extension of an outstanding Letter of Credit), the applicable Borrower shall hand deliver or
telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (three Business Days in advance of the requested date of
issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying whether such Letter of Credit is

  

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to be issued or maintained under the Canadian Tranche, the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire
(which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the currency in which such Letter of Credit is to be denominated (which shall be U.S. Dollars or (i) in the case of a Letter of Credit issued
under the European Tranche for the account of any Foreign Subsidiary Borrower, euro or Sterling or (ii) in the case of a Letter of Credit issued under the Canadian Tranche for the account of the Canadian Borrower, Canadian Dollars), the name
and address of the beneficiary thereof and such other information as shall be necessary to issue, amend, renew or extend such Letter of Credit. If requested by the applicable Issuing Bank, the applicable Borrower also shall submit a letter of credit
application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter
of Credit the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the Canadian Tranche L/C Exposure shall not exceed $35.0 million or the European Tranche
L/C Exposure shall not exceed $65.0 million, as applicable, (ii) the Canadian Tranche Revolving Facility Exposure or the European Tranche Revolving Facility Exposure, as applicable, shall not exceed the total Canadian Tranche Commitments or
total European Tranche Commitments, as applicable, (iii) the Tranche C-3 L/C Exposure shall not exceed the Total Tranche C-3 Credit-Linked Deposit and (iv) the Total Revolving Facility Exposure shall not exceed the Total Revolving Facility
Commitments. 
 (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of
business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, one year after such renewal or extension) and (ii) (A) with respect to any
Revolving Letter of Credit, the date that is five Business Days prior to the applicable Revolving Facility Maturity Date and (B) with respect to any Tranche C-3 Letter of Credit, the date that is five Business Days prior to the Tranche C-3
Maturity Date; provided that any Letter of Credit with a one-year tenor may provide for the automatic renewal thereof for additional one-year periods (which, in no event, shall extend beyond the applicable date referred to in clause (ii)
of this paragraph (c)). 
 (d) Participations. (i) By the issuance of a Revolving Letter of Credit
(or an amendment to a Revolving Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the Revolving Facility Lenders under the applicable Tranche, such Issuing Bank hereby grants
to each such Revolving Facility Lender, and each such Revolving Facility Lender hereby acquires from such Issuing Bank, a participation in such Revolving Letter of Credit equal to such Revolving Facility Lender’s Tranche Percentage in respect
of such Tranche of the aggregate amount available to be drawn under such Revolving Letter of Credit. In consideration and in furtherance of the foregoing, each Revolving Facility Lender hereby absolutely and unconditionally agrees to pay to the
Administrative Agent in U.S. Dollars, for the account of the applicable Issuing Bank, such Revolving Facility Lender’s Tranche Percentage of (i) each Revolving L/C Disbursement made by such Issuing Bank in U.S. Dollars and (ii) the
U.S. Dollar Equivalent, using the Exchange Rates in effect on the date such payment

  

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is required, of each Revolving L/C Disbursement made by such Issuing Bank in an Alternative Currency and, in each case, not reimbursed by the applicable Borrower on the date due as provided in
paragraph (e) of this Section, or of any reimbursement payment required to be refunded to such Borrower for any reason (or if such Revolving L/C Disbursement or reimbursement payment was refunded in an Alternative Currency, the U.S. Dollar
Equivalent thereof using the Exchange Rate in effect on the date of such refund). Each Revolving Facility Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Revolving Letters of
Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Revolving Letter of Credit or the occurrence and continuance of a Default or Event of Default or
reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. 
 (ii) Each Tranche C-3 Lender hereby acknowledges that it holds a participation in each Tranche C-3 Letter of Credit equal to such Tranche C-3 Lender’s Tranche C-3 Percentage of the aggregate amount
available to be drawn under such Tranche C-3 Letter of Credit. The Administrative Agent hereby acknowledges that it holds the Tranche C-3 Credit-Linked Deposit of each Tranche C-3 Lender. Each Tranche C-3 Lender hereby absolutely and unconditionally
agrees that if an Issuing Bank makes a Tranche C-3 L/C Disbursement that is not reimbursed by the U.S. Borrower on the date due as provided in paragraph (e) of this Section, or is required to refund any reimbursement payment in respect of a
Tranche C-3 L/C Disbursement to the U.S. Borrower for any reason, the Administrative Agent shall reimburse the applicable Issuing Bank for the amount of such Tranche C-3 L/C Disbursement from such Tranche C-3 Lender’s Tranche C-3 Credit-Linked
Deposit on deposit in the Tranche C-3 Credit-Linked Deposit Account. In the event the Tranche C-3 Credit-Linked Deposit Account is charged by the Administrative Agent to reimburse the applicable Issuing Bank for an unreimbursed Tranche C-3 L/C
Disbursement, the U.S. Borrower shall have the right, at any time prior to the Tranche C-3 Maturity Date, to pay over to the Administrative Agent in reimbursement thereof an amount equal to the amount so charged, and such payment shall be deposited
by the Administrative Agent in the Tranche C-3 Credit-Linked Deposit Account. Each Tranche C-3 Lender acknowledges and agrees that its obligation to acquire and fund participations in respect of Tranche C-3 Letters of Credit pursuant to this
subparagraph (ii) is unconditional and irrevocable and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Tranche C-3 Letter of Credit or the occurrence and continuance of a Default or
Event of Default or the return of the Tranche C-3 Credit-Linked Deposits, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Without limiting the foregoing, each Tranche C-3 Lender
irrevocably authorizes the Administrative Agent to apply amounts of its Tranche C-3 Credit-Linked Deposit as provided in this subparagraph (ii). 
 (e) Reimbursement. (i) If the applicable Issuing Bank shall make any L/C Disbursement in respect of a Letter of Credit, the applicable Borrower shall reimburse such L/C Disbursement by paying
to the Administrative Agent an amount equal to such L/C Disbursement, in the currency in which such L/C Disbursement is made, not later than 2:00

  

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P.M., Local Time, on (A) the Business Day that the applicable Borrower receives notice under paragraph (g) of this Section of such L/C Disbursement, if such notice is received on
such day prior to 10:00 A.M., Local Time, or (B) if clause (A) does not apply, the Business Day immediately following the date the applicable Borrower receives such notice; provided that the applicable Borrower may, subject to the
conditions to borrowing set forth herein, request in accordance with Section 2.03 or 2.04 that such payment be financed with an ABR Revolving Borrowing, a Base Rate Revolving Borrowing or a Swingline Borrowing, as applicable, in an equivalent
amount and, to the extent so financed, such Borrower’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing, Base Rate Borrowing or Swingline Borrowing. 
 (ii) If a Borrower fails to reimburse any Revolving L/C Disbursement when due, then (A) if such payment relates to an
Alternative Currency Letter of Credit, automatically and with no further action required, such Borrower’s obligation to reimburse the applicable Revolving L/C Disbursement shall be permanently converted into an obligation to reimburse the
U.S. Dollar Equivalent, calculated using the Exchange Rates on the date when such payment was due, of such Revolving L/C Disbursement and (B) in the case of each Revolving L/C Disbursement, the Administrative Agent shall promptly notify
the applicable Issuing Bank and each Revolving Facility Lender under the applicable Tranche of the applicable Revolving L/C Disbursement, the payment then due from the applicable Borrower in respect thereof and such Lender’s Tranche Percentage
thereof. Promptly following receipt of such notice, each Revolving Facility Lender under the applicable Tranche shall pay to the Administrative Agent its Tranche Percentage in U.S. Dollars of the payment then due from such Borrower in the same
manner as provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Revolving Facility Lenders), and the Administrative Agent shall
promptly pay to the applicable Issuing Bank the amounts so received by it from such Revolving Facility Lenders. Promptly following receipt by the Administrative Agent of any payment from a Borrower pursuant to this paragraph, the Administrative
Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Revolving Facility Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as their
interests may appear. Any payment made by a Revolving Facility Lender pursuant to this paragraph to reimburse an Issuing Bank for any Revolving L/C Disbursement (other than the funding of an ABR Revolving Borrowing, Base Rate Revolving Borrowing or
a Swingline Borrowing as contemplated above) shall not constitute a Loan and shall not relieve the applicable Borrower of its obligation to reimburse such Revolving L/C Disbursement. If the applicable Borrower’s reimbursement of, or obligation
to reimburse, any amounts in any Alternative Currency would subject the Administrative Agent, the applicable Issuing Bank or any Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or
required to be made in U.S. Dollars, such Borrower shall, at its option, either (x) pay the amount of any such tax requested by the Administrative Agent, the relevant Issuing Bank or Lender or (y) reimburse each Revolving L/C Disbursement
made in such Alternative Currency in U.S. Dollars, in an amount equal to the U.S. Dollar Equivalent, calculated using the applicable Exchange Rate on the date such Revolving L/C Disbursement is made, of such Revolving L/C Disbursement.

  

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 (iii) If the U.S. Borrower fails to make (or cause another account party to
make) any payment due under paragraph (e)(i) above with respect to a Tranche C-3 Letter of Credit, the Administrative Agent shall notify each Tranche C-3 Lender of the applicable Tranche C-3 L/C Disbursement, the payment then due from the U.S.
Borrower in respect thereof and such Lender’s Tranche C-3 Percentage thereof, and the Administrative Agent shall promptly pay to the applicable Issuing Bank each Tranche C-3 Lender’s Tranche C-3 Percentage of such Tranche C-3 L/C
Disbursement from such Tranche C-3 Lender’s Tranche C-3 Credit-Linked Deposit. Promptly following receipt by the Administrative Agent of any payment by the U.S. Borrower in respect of any Tranche C-3 L/C Disbursement, the Administrative Agent
shall distribute such payment to the applicable Issuing Bank or, to the extent payments have been made from the Tranche C-3 Credit-Linked Deposits, to the Tranche C-3 Credit-Linked Deposit Account to be added to the Tranche C-3 Credit-Linked
Deposits of the Tranche C-3 Lenders in accordance with their Tranche C-3 Percentages. The U.S. Borrower acknowledges that each payment made pursuant to this subparagraph (iii) in respect of any Tranche C-3 L/C Disbursement is required to be
made for the benefit of the distributees indicated in the immediately preceding sentence. Any payment made from the Tranche C-3 Credit-Linked Deposit Account, or from funds of the Administrative Agent, pursuant to this paragraph to reimburse an
Issuing Bank for any Tranche C-3 L/C Disbursement shall not constitute a Loan and shall not relieve the U.S. Borrower of its obligation to reimburse such Tranche C-3 L/C Disbursement. 
 (f) Obligations Absolute. The obligation of each Borrower to reimburse L/C Disbursements as provided in
paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack
of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any
statement therein being untrue or inaccurate in any respect, (iii) payment by the applicable Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit or
(iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the
applicable Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor any Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or
transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or
delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes
beyond the control of such Issuing Bank, or any of the circumstances referred to in clauses (i), (ii) or (iii) of the first sentence; provided that the foregoing shall not be construed to excuse the applicable Issuing Bank from
liability to a Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by each Borrower to the extent permitted by applicable law) suffered by

  

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such Borrower that are determined by a final and binding decision of a court of competent jurisdiction to have been caused by (i) such Issuing Bank’s failure to exercise care when
determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof or (ii) such Issuing Bank’s refusal to issue a Letter of Credit in accordance with the terms of this Agreement. The parties
hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of the applicable Issuing Bank, such Issuing Bank shall be deemed to have exercised care in each such determination and each refusal to issue a Letter
of Credit. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented that appear on their face to be in substantial compliance with the terms of a Letter of Credit, the
applicable Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment
upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 
 (g) Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly
notify the Administrative Agent and the applicable Borrower by telephone (confirmed by telecopy) of such demand for payment and whether such Issuing Bank has made or will make a L/C Disbursement thereunder; provided that any failure to give
or delay in giving such notice shall not relieve the applicable Borrower of its obligation to reimburse such Issuing Bank and the applicable Revolving Facility Lenders or Tranche C-3 Lenders with respect to any such L/C Disbursement. 
 (h) Interim Interest. If an Issuing Bank shall make any L/C Disbursement, then, unless the applicable Borrower shall
reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such L/C Disbursement is made to but excluding the date that such Borrower
reimburses such L/C Disbursement, (i) if such L/C Disbursement is a Revolving L/C Disbursement made in U.S. Dollars, and at all times following the conversion to U.S. Dollars of a Revolving L/C Disbursement made in an Alternative Currency
pursuant to paragraph (e) above, at the rate per annum then applicable to ABR Revolving Loans (in the case of the U.S. Borrower) or Base Rate Loans (in the case of other Borrowers), (ii) if such L/C Disbursement is a Revolving L/C
Disbursement made in an Alternative Currency, at all times prior to its conversion to U.S. Dollars pursuant to paragraph (e) above, at the applicable Base Rate plus the Applicable Margin applicable to Eurocurrency Revolving Loans at such time
(or, in the case of a Revolving L/C Disbursement made in Canadian Dollars, at the Canadian Base Rate plus the Applicable Margin applicable to Canadian Base Rate Loans at such time) and (iii) if such L/C Disbursement is a Tranche C-3 L/C
Disbursement, at the rate per annum then applicable to ABR Term Loans; provided that, in each case, if such L/C Disbursement is not reimbursed by the applicable Borrower when due pursuant to paragraph (e) (i) of this Section, then
Section 2.14(c) shall apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Facility Lender pursuant to
paragraph (e) (ii) of this Section or

  

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from the Tranche C-3 Credit-Linked Deposit of any Tranche C-3 Lender pursuant to paragraph (e)(iii) of this Section to reimburse such Issuing Bank shall be for the account of such Revolving
Facility Lender or Tranche C-3 Lender to the extent of such payment. 
 (i) Replacement of an Issuing
Bank. An Issuing Bank with respect to any one or more of the Canadian Tranche, the European Tranche or Tranche C-3, may be replaced at any time by written agreement among the U.S. Borrower, the Administrative Agent, the replaced Issuing Bank and
the successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement of an Issuing Bank. Any Issuing Bank in respect of the European Tranche shall be a PMP. At the time any such replacement shall become effective,
the Borrowers shall pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section 2.13(b). From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights
and obligations of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued under the applicable Tranche thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to
such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and shall
continue to have all the rights and obligations of such Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such replacement but shall not be required to issue additional Letters of Credit. 
 (j) Cash Collateralization. If any Event of Default shall occur and be continuing, (i) in the case of an Event of
Default described in Section 7.01(h) or (i), on the Business Day or (ii) in the case of any other Event of Default, on the third Business Day, in each case, following the date on which the U.S. Borrower receives notice from the
Administrative Agent (or, if the maturity of the Loans has been accelerated, Tranche C-3 Lenders and Revolving Facility Lenders with L/C Exposure representing greater than 50% of the total L/C Exposure) demanding the deposit of cash collateral
pursuant to this paragraph, or if the original applicable Revolving Facility Maturity Date and applicable Term Facility Maturity Date shall be changed to an earlier date pursuant to the proviso to the definition of the terms “Revolving Facility
Maturity Date” and “Term Facility Maturity Date”, the Borrowers shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Lenders, an amount in cash in U.S. Dollars
equal to the aggregate L/C Exposure as of such date plus any accrued and unpaid interest thereon; provided that (i) the portions of such amount attributable to undrawn Alternative Currency Letters of Credit or L/C Disbursements in an
Alternative Currency that the Borrowers are not late in reimbursing shall be deposited in the applicable Alternative Currencies in the actual amounts of such undrawn Letters of Credit and L/C Disbursements and (ii) upon the occurrence of any
Event of Default with respect to any Borrower described in clause (h) or (i) of Section 7.01, the obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and
payable, without demand or other notice of any kind. For the purposes of this paragraph, the Alternative Currency Revolving L/C Exposure shall be calculated using the Exchange Rates on the date notice demanding cash collateralization is delivered to
a Borrower. Each such deposit pursuant to this paragraph shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrowers

  

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under this Agreement. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest earned on the
investment of such deposits, which investments shall be made at the option and sole discretion of (i) for so long as an Event of Default shall be continuing, the Administrative Agent and (ii) at any other time, the U.S. Borrower, in each
case, in Permitted Investments and at the risk and expense of the Borrowers, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account with respect to Letters of
Credit issued under any Tranche shall be applied by the Administrative Agent to reimburse each Issuing Bank for L/C Disbursements made in respect of Letters of Credit issued under such Tranche for which such Issuing Bank has not been reimbursed and,
to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrowers for the Revolving L/C Exposure and Tranche C-3 L/C Exposure at such time or, if the maturity of the Loans has been accelerated (but
subject to the consent of Tranche C-3 Lenders and Revolving Facility Lenders with L/C Exposure representing greater than 50% of the total L/C Exposure), be applied to satisfy other obligations of the Borrowers under this Agreement. If a Borrower is
required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to such Borrower within three Business Days after all Events of
Default have been cured or waived. 
 (k) Additional Issuing Banks. From time to time, the U.S. Borrower
may by notice to the Administrative Agent designate up to four Lenders (in addition to JPMorgan Chase Bank, N.A.), each of which agrees (in its sole discretion) to act in such capacity and each of which is reasonably satisfactory to the
Administrative Agent as an Issuing Bank in respect of any one or more of the Canadian Tranche, the European Tranche or Tranche C-3. Each such additional Issuing Bank shall execute a counterpart of this Agreement upon the approval of the
Administrative Agent (which approval shall not be unreasonably withheld) and shall thereafter be an Issuing Bank with respect to the applicable Tranche hereunder for all purposes. 
 (l) Issuing Bank Agreements. Unless otherwise requested by the Administrative Agent, each Issuing Bank shall report in
writing to the Administrative Agent (i) on the first Business Day of each week, the daily activity (set forth by day) in respect of Letters of Credit during the immediately preceding week, including all issuances, extensions, amendments and
renewals, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such Issuing Bank expects to issue, amend, renew or extend any Letter of Credit under any Tranche, the date of
such issuance, amendment, renewal or extension, and the aggregate face amount of the Letters of Credit to be issued, amended, renewed or extended by it under any Tranche and outstanding under such Tranche after giving effect to such issuance,
amendment, renewal or extension occurred (and whether the amount thereof changed), it being understood that such Issuing Bank shall not permit any issuance, renewal, extension or amendment resulting in an increase in the amount of any Letter of
Credit to occur without first obtaining written (or, with respect to any Issuing Bank, if the Administrative Agent so agrees with respect to such Issuing Bank, telephonic) confirmation from the Administrative Agent that it is then permitted under
this Agreement, (iii) on each Business

  

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Day on which such Issuing Bank makes any L/C Disbursement in respect of any Letter of Credit issued under a Tranche, the identity of such Tranche, the date of such L/C Disbursement and the amount
of such L/C Disbursement, (iv) on any Business Day on which a Borrower fails to reimburse an L/C Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure, the applicable Borrower and the amount and
currency of such L/C Disbursement and (v) on any other Business Day, such other information as the Administrative Agent shall reasonably request. 
 (m) Conversion. In the event that the Loans become immediately due and payable on any date pursuant to Section 7.01, all amounts (i) that a Borrower is at the time or thereafter becomes
required to reimburse or otherwise pay to the Administrative Agent in respect of L/C Disbursements made under any Alternative Currency Letter of Credit (other than amounts in respect of which such Borrower has deposited cash collateral pursuant to
paragraph (j) above, if such cash collateral was deposited in the applicable Alternative Currency to the extent so deposited or applied), (ii) that the Revolving Facility Lenders are at the time or thereafter become required to pay to the
Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to the applicable Issuing Bank pursuant to paragraph (e) of this Section in respect of unreimbursed L/C Disbursements made under any
Alternative Currency Letter of Credit and (iii) of each Revolving Facility Lender’s participation in any Alternative Currency Letter of Credit under which an L/C Disbursement has been made shall, automatically and with no further action
required, be converted into the U.S. Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any L/C Disbursement made after such date, on the date such L/C Disbursement is made), of such amounts. On and after
such conversion, all amounts accruing and owed to the Administrative Agent, the applicable Issuing Bank or any Lender in respect of the obligations described in this paragraph shall accrue and be payable in U.S. Dollars at the rates otherwise
applicable hereunder. 
 (n) All Letters of Credit outstanding under the November 2006 Credit Agreement on the
Amendment Effective Date shall remain outstanding hereunder on the terms set forth herein, except as otherwise provided herein. 
 SECTION 2.06. Canadian Bankers’ Acceptances. (a) Each acceptance and purchase of B/As of a single Contract Period pursuant to Section 2.01(b) or Section 2.08 shall be made
ratably by the Canadian Tranche Lenders in accordance with the amounts of their Canadian Tranche Commitments. The failure of any Canadian Tranche Lender to accept any B/A required to be accepted by it shall not relieve any other Canadian Tranche
Lender of its obligations hereunder; provided that the Canadian Tranche Commitments are several and no Canadian Tranche Lender shall be responsible for any other Canadian Tranche Lender’s failure to accept B/As as required hereunder.

 (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$1,000,000. The face amount of each B/A shall be C$100,000 or any whole multiple thereof. If any Canadian Tranche 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

  

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of the B/As accepted by such Lender may be increased or reduced to the nearest integral multiple of C$100,000 by the Administrative 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 B/A Drawings outstanding. 
 (c) To request an acceptance and purchase of B/As, the Canadian Borrower shall notify the Administrative Agent of such request by telephone or by facsimile not later than 10:00 a.m., Local Time, one
Business Day before the date of such acceptance and purchase. Each such request shall be irrevocable and, if telephonic, shall be confirmed promptly by hand delivery or facsimile to the Administrative Agent of a written request in a form approved by
the Administrative Agent and signed by the Canadian Borrower. Each such telephonic and written request 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 applicable Revolving Facility Maturity Date); and 
 (iv) the location and number of the Canadian Borrower’s account to which any funds are to be disbursed, which shall
comply with the requirements of Section 2.07. 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 request in accordance with this paragraph, the Administrative Agent shall advise each Canadian
Tranche Lender of the details thereof and of the amount of B/As to be accepted and purchased by such Lender. 
 (d) The Canadian Borrower hereby appoints each Canadian Tranche 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 Lender, blank forms of B/As. It
shall be the responsibility of each Canadian Tranche Lender to maintain an adequate supply of blank forms of B/As for acceptance under this Agreement. The Canadian Borrower recognizes and agrees that all B/As signed and/or endorsed on its behalf by
any Canadian Tranche Lender shall bind the Canadian Borrower as fully and effectually as if manually signed and duly issued by authorized officers of the Canadian Borrower. Each Canadian Tranche Lender is hereby authorized to issue such B/As
endorsed in blank in such face amounts as may be determined by such Lender to comply with any request of the Canadian Borrower hereunder; provided that the aggregate face amount thereof is equal to the aggregate face amount of B/As required
to be accepted by such Lender. No Canadian Tranche 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 Lender. Each Canadian Tranche Lender shall maintain a record with respect to B/As (i) received by it from the Administrative Agent in blank hereunder,

  

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(ii) voided by it for any reason, (iii) accepted and purchased by it hereunder and (iv) canceled at their respective maturities. Upon request by the Canadian Borrower, a Lender
shall cancel all forms of B/A that have been pre-signed or pre-endorsed on behalf of the Canadian Borrower and that are held by such Lender and are not required to be issued pursuant to this Agreement. 
 (e) Drafts of the 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 Lenders or the 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 the Canadian Borrower. 
 (f) Upon acceptance of a B/A by a Lender, such Lender shall purchase, or arrange the purchase of, such B/A from the Canadian
Borrower at the Discount B/A Rate for such Lender applicable to such B/A accepted by it and provide to the Administrative Agent the Discount Proceeds (net of applicable acceptance fees) for the account of the Canadian Borrower as provided in
Section 2.07. The acceptance fee payable by the Canadian Borrower to a Lender under Section 2.13(c) in respect of each B/A accepted by such Lender shall be set off against the Discount Proceeds payable by such 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 Canadian Tranche Revolving Facility Loan pursuant to Section 2.08, the net amount that would otherwise be payable to
the Canadian Borrower by each Lender pursuant to this paragraph will be applied as provided in Section 2.08(f). 
 (g) Each 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 hereunder. 
 (h) Each B/A accepted and purchased hereunder shall mature at the end of the Contract Period applicable thereto. 

(i) The Canadian Borrower waives presentment for payment and any other defense to payment of any amounts due to a Lender
in respect of a B/A accepted and purchased by it pursuant to this Agreement that might exist solely by reason of such B/A being held, at the maturity thereof, by such Lender in its own right and the Canadian Borrower agrees not to claim any days of
grace if such Lender as holder sues the Canadian Borrower on the B/A for payment of the amounts payable by the 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 Agreement, the Canadian Borrower shall pay the Lender that has accepted and purchased such B/A the full face amount of such B/A, and after such payment the Canadian Borrower shall have no further liability in respect of such B/A and such
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 the Canadian Borrower and any Lender, B/As under this
Agreement to be accepted by that 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) or bills of exchange pursuant to the Bills
of Exchange Act. All depository bills so issued and all bills of exchange shall be governed by the provisions of this Section 2.06. If a Canadian Tranche Lender is not a bank under the Bank Act (Canada) or if a Canadian Tranche Lender notifies
the Administrative Agent in writing that it is otherwise unable to accept B/As, such Canadian Tranche Lender will, instead of accepting and purchasing B/As, make a Loan (a “B/A Equivalent Loan”) to the Canadian Borrower in the
amount and for the same term as the draft that such Canadian Tranche Lender would otherwise have been required to accept and purchase hereunder. Each such Canadian Tranche Lender will provide to the Administrative Agent the Discount Proceeds of such
B/A Equivalent Loan for the account of the Canadian Borrower in the same manner as such Canadian Tranche Lender would have provided the Discount Proceeds in respect of the draft that such Canadian Tranche Lender would otherwise have been required to
accept and purchase hereunder. Each such B/A Equivalent Loan will bear interest at the same rate that would result if such Canadian Tranche 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 Lenders and the Canadian Borrower as the B/A that 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 amount and manner in which the deduction based on the Discount B/A Rate and the
applicable acceptance fee of a B/A would be deducted from the face amount of the B/A. Subject to the repayment requirements of this Agreement, on the last day of the relevant Contract Period for such B/A Equivalent Loan, the Canadian Borrower shall
be entitled to convert each such B/A Equivalent Loan into another type of 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 Agreement. 
 (k) All B/As outstanding under the November 2006 Credit Agreement on the Amendment Effective Date shall remain outstanding
hereunder on the terms set forth herein, except as otherwise provided herein. 
 SECTION 2.07. Funding of
Borrowings. (a) Each Lender shall make each Loan to be made by it and disburse the Discount Proceeds (net of applicable acceptance fees) of each B/A to be accepted and purchased by it hereunder on the proposed date thereof by wire transfer
of immediately available funds by 12:00 noon, Local Time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided that Swingline Loans shall be made as provided in
Section 2.04. The Administrative Agent will make such Loans or Discount Proceeds (net of applicable acceptance fees) available to the applicable Borrower by promptly crediting the amounts so received, in like funds, to an account of such
Borrower designated by such Borrower in the applicable Borrowing Request; provided that ABR Revolving Loans, Base Rate Revolving Borrowings and Swingline Borrowings made to finance the reimbursement of a L/C Disbursement and

  

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reimbursements as provided in Section 2.05(e) shall be remitted by the Administrative Agent to the applicable Issuing Bank. 
 (b) Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing or
acceptance and purchase of B/As that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing or the applicable Discount Proceeds (net of applicable acceptance fees), the Administrative Agent may
assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section 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 Administrative Agent, then the applicable Lender and the applicable Borrower severally
agree to pay to the Administrative Agent forthwith on demand (without duplication) such corresponding amount 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 Administrative Agent, at (i) in the case of such Lender, the greater of (A) (1) in the case of a Borrowing by the U.S. Borrower, the Federal Funds Effective Rate, and (2) in the case of any other amount, the rate
reasonably determined by the Administrative Agent to be the cost to it of funding such amount, and (B) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, (ii) in the case of a
Borrower, (1) if such amount is a Borrowing made to the U.S. Borrower, the interest rate applicable to ABR Loans, (2) if such amount is a Borrowing made in U.S. Dollars to the Canadian Borrower, the interest rate applicable to U.S. Base
Rate Loans, (3) if such amount is a B/A Drawing or a Canadian Dollar-denominated Borrowing made to the Canadian Borrower, the interest rate applicable to Canadian Base Rate Loans and (4) if such amount is a Borrowing made to the Dutch
Borrower or a U.K. Borrower, the interest rate applicable to the applicable Base Rate Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing or such
Lender’s purchase of B/As. If such Borrower pays such amount to the Administrative Agent, then such amount shall constitute a reduction of such Borrowing or of the face amount of such B/As. 
 SECTION 2.08. Interest Elections. (a) Each Borrowing initially shall be of the Type specified in the applicable
Borrowing Request and, in the case of a Eurocurrency Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Each B/A Drawing shall have a Contract Period as specified in the applicable request therefor. Thereafter,
the applicable Borrower may elect to convert such Borrowing or B/A Drawing to a different Type or to continue such Borrowing or B/A Drawing and, in the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this
Section, it being understood that no B/A Drawing may be converted or continued other than at the end of the Contract Period applicable thereto. The applicable Borrower may elect different options with respect to different portions of the affected
Borrowing or B/A Drawing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing or accepting B/As comprising such B/A Drawing, as the case may be,

  

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and the Loans or B/As resulting from an election made with respect to any such portion shall be considered a separate Borrowing or B/A Drawing. This Section shall not apply to Swingline
Borrowings, which may not be converted or continued. 
 (b) To make an election pursuant to this Section, a
Borrower shall notify the Administrative Agent of such election (as provided in Section 9.01 and, unless otherwise agreed upon by the Administrative Agent, in Schedule 2.03 to the November 2006 Credit Agreement) by telephone (i) in
the case of an election that would result in a Borrowing, by the time that a Borrowing Request would be required under Section 2.03 if such Borrower were requesting a Borrowing of the Type resulting from such election to be made on the
effective date of such election and (ii) in the case of an election that would result in a B/A Drawing or the continuation of a B/A Drawing, by the time that a request would be required under Section 2.06 if such Borrower were requesting
an acceptance and purchase of B/As to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a
written Interest Election Request in a form approved by the Administrative Agent and signed by the applicable Borrower. Notwithstanding any other provision of this Section, no Borrower shall be permitted to (i) change the currency of any
Borrowing, (ii) elect an Interest Period for Eurocurrency Loans that does not comply with Section 2.02(d) or Contract Period for B/As that does not comply with 2.06(c)(iii) or (iii) convert any Borrowing or B/A Drawing to a Borrowing
or B/A Drawing not available under the Class of Commitments pursuant to which such Borrowing or B/A Drawing was made. 
 (c) Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02: 
 (i) the Borrowing or B/A Drawing to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be
allocated to each resulting Borrowing or B/A Drawing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing or B/A Drawing); 
 (ii) the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;

 (iii) whether the resulting outstanding credit extension is to be an ABR Borrowing, a Eurocurrency Borrowing,
a Base Rate Borrowing or a B/A Drawing; and 
 (iv) if the resulting Borrowing is a Eurocurrency Borrowing, the
Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”, and in the case of an election of a B/A Drawing, the Contract Period to be
applicable thereto, which shall be a period contemplated by the definition of the term “Contract Period”. 
  

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 If any such Interest Election Request requests a Eurocurrency Borrowing or a B/A Drawing but does not
specify an Interest Period or a Contract Period, then the applicable Borrower shall be deemed to have selected an Interest Period or Contract Period, as applicable, of one month’s or 30 days’ duration, as applicable. 
 (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each Lender to which
such Interest Election Request relates of the details thereof and of such Lender’s portion of each resulting Borrowing or B/A Drawing. 
 (e) If a Borrower fails to deliver a timely Interest Election Request with respect to a Eurocurrency Borrowing or a B/A Drawing prior to the end of the Interest Period or Contract Period applicable
thereto, then, unless such Borrowing or B/A Drawing is repaid as provided herein, at the end of such Interest Period such Borrowing or B/A Drawing shall (i) in the case of a Borrowing denominated in U.S. Dollars by the U.S. Borrower, be
converted to an ABR Borrowing, (ii) in the case of a Borrowing by the Dutch Borrower or a U.K. Borrower, be continued as a Base Rate Borrowing, (iii) in the case of a Borrowing denominated in U.S. Dollars by the Canadian Borrower, be
converted to a U.S. Base Rate Borrowing, and (iv) in the case of a Borrowing or B/A Drawing denominated in Canadian Dollars, be converted to a Canadian Base Rate Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default
has occurred and is continuing and the Administrative Agent, at the written request (including a request through electronic means) of the Required Lenders, so notifies the U.S. Borrower, then, so long as an Event of Default is continuing (i) no
outstanding Borrowing may be converted to or continued as a Eurocurrency Borrowing and (ii) unless repaid, each Eurocurrency Borrowing shall (A) in the case of such a Borrowing by the U.S. Borrower, be converted to an ABR Borrowing at the
end of the Interest Period applicable thereto, (B) in the case of such a Borrowing by the Canadian Borrower, be converted to a U.S. Base Rate Borrowing at the end of the Interest Period applicable thereto or (C) in the case of such a
Borrowing by the Dutch Borrower or a U.K. Borrower, be continued as a Base Rate Borrowing. 
 (f) Upon the
conversion of any Canadian Tranche Borrowing (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 the Canadian Borrower by each Lender pursuant
to Section 2.06(f) in respect of such new B/A Drawing shall be applied against the principal of the Canadian Tranche Revolving Facility Loan made by such Lender as part of such Canadian Tranche Borrowing (in the case of a conversion), or the
reimbursement obligation owed to such Lender under Section 2.06(i) in respect of the B/As accepted by such Lender as part of such maturing B/A Drawing (in the case of a continuation), and the Canadian Borrower shall pay to such Lender an amount
equal to the difference between the principal amount of such Canadian Tranche Revolving Facility Loan or the aggregate face amount of such maturing B/As, as the case may be, and such net amount. 
  

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 SECTION 2.09. Termination and Reduction of Commitments; Return of Tranche
C-3 Credit-Linked Deposits. (a) Unless previously terminated, the Revolving Facility Commitments of each Class shall terminate on the Revolving Facility Maturity Date for such Class. 
 (b) Any Borrower may at any time terminate, or from time to time reduce, the Commitments of any Tranche of the Revolving
Facility Commitments; provided that (i) each reduction of the Commitments of any Class shall be in an amount that is an integral multiple of $1.0 million and not less than $5.0 million (or, if less, the remaining amount of any such
Tranche of the Revolving Facility Commitments) and (ii) the Borrowers shall not terminate or reduce any Tranche of the Revolving Facility Commitments if, after giving effect to any concurrent prepayment of the Revolving Facility Loans in
accordance with Section 2.12, (A) the total European Tranche Revolving Facility Exposure would exceed the total European Tranche Commitments, (B) the total Canadian Tranche Revolving Facility Exposure would exceed the total Canadian
Tranche Commitments or (C) the total U.S. Tranche Revolving Facility Exposure would exceed the total U.S. Tranche Commitments. The U.S. Borrower may at any time or from time to time direct the Administrative Agent to reduce the Total Tranche
C-3 Credit-Linked Deposit; provided that (i) each reduction of the Tranche C-3 Credit-Linked Deposits shall be in an amount that is an integral multiple of $1.0 million and not less than $5.0 million (or, if less, the remaining amount of
the Total Tranche C-3 Credit-Linked Deposit) and (ii) the U.S. Borrower shall not direct the Administrative Agent to reduce the Tranche C-3 Credit-Linked Deposits if, after giving effect to such reduction (and to the provisions of
Section 2.05(a)), the aggregate Tranche C-3 L/C Exposure would exceed the Total Tranche C-3 Credit-Linked Deposit or the European Tranche Revolving Facility Exposure would exceed the total European Tranche Commitments. In the event the Tranche
C-3 Credit-Linked Deposits shall be reduced as provided in the immediately preceding sentence, the Administrative Agent will return all amounts in the Tranche C-3 Credit-Linked Deposit Account in excess of the reduced Total Tranche C-3 Credit-Linked
Deposit to the Tranche C-3 Lenders, ratably in accordance with their Tranche C-3 Percentages of the Total Tranche C-3 Credit-Linked Deposit (as determined immediately prior to such reduction). 
 (c) The applicable Borrower shall notify the Administrative Agent of any election to terminate or reduce the Revolving
Facility Commitments or the Total Tranche C-3 Credit-Linked Deposit under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective
date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice delivered by a Borrower pursuant to this Section shall be irrevocable; provided
that a notice of termination of any Tranche of the Revolving Facility Commitments or of a reduction of the Total Tranche C-3 Credit-Linked Deposit to zero delivered by a Borrower may state that such notice is conditioned upon the effectiveness of
other credit facilities, in which case such notice may be revoked by such Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the
Commitments of any Class or reduction of the Total Tranche C-3 Credit-Linked Deposit pursuant to this Section 2.09 shall be permanent. Each reduction of the Commitments of any Class shall be made ratably among the Lenders in accordance with
their respective Commitments of such Class. 
  

 92 

 SECTION 2.10. Repayment of Loans and B/As; Evidence of Debt.
(a) Each Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Revolving Facility Lender the then unpaid principal amount of each Revolving Facility Loan of such Lender to such Borrower on
the applicable Revolving Facility Maturity Date, (ii) to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Term Loan of such Lender to such Borrower as provided in Section 2.11, (iii) in
the case of the Canadian Borrower, to the Administrative Agent for the account of each Lender the face amount of each B/A, if any, accepted by such Lender from the Canadian Borrower as provided in Section 2.06(i), and (iv) to the Swingline
Lender the then unpaid principal amount of each Swingline Loan to such Borrower on the earlier of (x) the applicable Revolving Facility Maturity Date, (y) the first date after such Swingline Loan is made that is the 15th or last day of a
calendar month and is at least five Business Days after such Swingline Loan is made and (z) in the case of a Swingline Loan to the Dutch Borrower or a U.K. Borrower, the last day of the Interest Period applicable to such Swingline Loan;
provided that on each date that a Revolving Borrowing is made by the U.S. Borrower, the U.S. Borrower shall repay all Swingline Loans then outstanding. 
 (b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of
each Borrower to such Lender resulting from each Loan made or B/A accepted by such Lender, including the amounts and currencies of principal and interest payable and paid to such Lender from time to time hereunder. 
 (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made
hereunder, the currency thereof, the Class and Type thereof and the Interest Period (if any) applicable thereto, and the amount of each B/A and the Contract Period applicable thereto, (ii) the amount of any principal or interest, or other
amount in respect of any B/A, due and payable or to become due and payable from each Borrower to each Lender hereunder and (iii) any amount received by the Administrative Agent hereunder for the account of the Lenders and each Lender’s
share thereof. 
 (d) The entries made in the accounts maintained pursuant to paragraph (b) or (c) of
this Section shall be prima facie evidence of the existence, currencies and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such accounts or any error therein shall
not in any manner affect the obligation of any Borrower to repay the Loans in accordance with the terms of this Agreement. 
 (e) Any Lender may request that Loans of any Class made by it be evidenced by a promissory note (a “Note”). In such event, each Borrower under such Class shall prepare, execute and
deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and

  

 93 

 
in a form approved by the Administrative Agent and reasonably acceptable to the applicable Borrower. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all
times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if such promissory note is a registered note, to such payee and its
registered assigns). 
 SECTION 2.11 Repayment of Term Loans, B/As, Revolving Facility Loans and Tranche C-3
Credit-Linked Deposits. (a) (i) Subject to the other paragraphs of this Section, the U.S. Borrower shall repay Tranche C-1A Term Borrowings, Tranche C-1B Term Borrowings, Tranche C-4A Term Borrowings and Tranche C-4B Term
Borrowings and the Dutch Borrower shall repay Tranche C-2A Term Borrowings, Tranche C-2B Term Borrowings, Tranche C-5A Term Borrowings, Tranche C-5B Term Borrowings, Tranche C-6A Term Borrowings, Tranche C-6B Term Borrowings, Tranche C-7A
Term Borrowings and Tranche C-7B Term Borrowings on each date set forth below (each such date being referred to as a “Term Loan Installment Date”), (u) in the case of Tranche C-1A and Tranche C-1B Term Borrowings, in the
aggregate principal amount equal to the product of (A) the percentage set forth below opposite such Term Loan Installment Date and (B) the aggregate principal amount of the Tranche C-1 Term Loans originally made on or prior to
June 15, 2006 which relate to each such Class of Term Borrowings, (v) in the case of Tranche C-2A and Tranche C-2B Term Borrowings, in the aggregate principal amount equal to the product of (A) the percentage set forth below opposite
such Term Loan Installment Date and (B) the aggregate principal amount of the Tranche C-2 Term Loans originally made on the May 2006 Amendment Effective Date which relate to each such Class of Term Borrowings, (w) in the case of Tranche
C-4A and Tranche C-4B Term Borrowings, in the aggregate principal amount equal to the product of (A) the percentage set forth below opposite such Term Loan Installment Date and (B) the aggregate principal amount of the Tranche C-4 Term
Loans originally made on the November 2006 Amendment Effective Date which relate to each such Class of Term Borrowings, (x) in the case of Tranche C-5A and Tranche C-5B Term Borrowings, in the aggregate principal amount equal to the product of
(A) the percentage set forth below opposite such Term Loan Installment Date and (B) the aggregate principal amount of the Tranche C-5 Term Loans originally made on the Incremental Effective Date which relate to each such Class of Term
Borrowings, (y) in the case of Tranche C-6A and Tranche C-6B Term Borrowings, in the aggregate principal amount equal to the product of (A) the percentage set forth below opposite such Term Loan Installment Date and (B) the aggregate
principal amount of the Tranche C-6 Term Loans originally made on the Incremental Effective Date which relate to each such Class of Term Borrowings, and (z) in the case of Tranche C-7A and Tranche C-7B Term Borrowings, in the aggregate
principal amount equal to the product of (A) the percentage set forth below opposite such Term Loan Installment Date and (B) the aggregate principal amount of the Tranche C-7A Term Loans originally made on the Second Incremental Effective
Date which relate to each such Class of Term Borrowings: 
  

 94 

																			
	 Date
	  	Amount of
Tranche C-1A
Term
Borrowings to
Be Repaid	 	 	Amount of
Tranche C-2A
Term
Borrowings to
Be Repaid	 	 	Amount of
Tranche C-4A
Term
Borrowings to
Be Repaid	 	 	Amount of
Tranche C-5A
Term
Borrowings to
Be Repaid	 	 	Amount of
Tranche C-6A
Term
Borrowings to
Be Repaid	 	 	Amount of
Tranche C-7A
Term
Borrowings to
Be Repaid	 
	 March 31, 2010
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 June 30, 2010
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 September 30, 2010
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 December 31, 2010
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 March 31, 2011
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 June 30, 2011
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 September 30, 2011
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 December 31, 2011
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 March 31, 2012
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 June 30, 2012
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 September 30, 2012
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 December 31, 2012
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 March 31, 2013
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 Term Facility Maturity Date
	  	93.25	% 	 	93.25	% 	 	93.50	% 	 	94.25	% 	 	94.25	% 	 	94.25	% 
							
	 Date
	  	Amount of
Tranche C-1B
Term
Borrowings to
Be Repaid	 	 	Amount of
Tranche C-2B
Term
Borrowings to
Be Repaid	 	 	Amount of
Tranche C-4B
Term
Borrowings to
Be Repaid	 	 	Amount of
Tranche C-5B
Term
Borrowings to
Be Repaid	 	 	Amount of
Tranche C-6B
Term
Borrowings to
Be Repaid	 	 	Amount of
Tranche C-7B
Term
Borrowings to
Be Repaid	 
	 March 31, 2010
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 June 30, 2010
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 September 30, 2010
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 December 31, 2010
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 March 31, 2011
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 June 30, 2011
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 September 30, 2011
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 December 31, 2011
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 March 31, 2012
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 June 30, 2012
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 September 30, 2012
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 December 31, 2012
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 March 31, 2013
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 June 30, 2013
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 September 30, 2013
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 December 31, 2013
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 March 31, 2014
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 June 30, 2014
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 September 30, 2014
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 December 31, 2014
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 March 31, 2015
	  	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 	 	0.25	% 
	 Term Facility Maturity Date
	  	91.25	% 	 	91.25	% 	 	91.5	% 	 	92.25	% 	 	92.25	% 	 	92.25	% 

 To the extent not previously paid, outstanding Term Loans shall be due and payable on
the applicable Term Facility Maturity Date. 
  

 95 

 (ii) In the event that any Incremental Term Loans are made on an Increased
Amount Date, the U.S. Borrower shall repay such Incremental Term Loans on the dates and in the amounts set forth in the Incremental Assumption Agreement. 
 (b) To the extent not previously paid, outstanding Revolving Facility Loans shall be due and payable on the applicable Revolving Facility Maturity Date; provided that any Other Revolving Facility
Loans shall be due and payable as set forth in the relevant Incremental Assumption Agreement. 
 (c) Prepayment
of the Borrowings from: 
 (i) all Net Proceeds pursuant to Section 2.12(b) and Excess Cash Flow pursuant to
Section 2.12(c) to be applied to prepay Term Borrowings of any Class shall be applied (1) to reduce in forward order of maturity the next eight unpaid scheduled amortization payments under paragraph (a) above in respect of the
Term Borrowings of such Class, and (2) thereafter, to reduce on a pro rata basis (based on the amount of such amortization payments) the remaining scheduled amortization payments in respect of the Term Borrowings of such Class.

 (ii) all First Lien Net Proceeds pursuant to Section 2.12(e) to be applied to prepay Term Borrowings of
any Class shall be applied to the remaining installments thereof as the U.S. Borrower may direct. 
 (iii) any
optional prepayments of the Term Loans pursuant to Section 2.12(a) shall be applied to the remaining installments thereof as directed by the U.S. Borrower. 
 (d) Prior to any repayment of any Borrowing or amounts owing in respect of outstanding B/A Drawings, or any reduction of
Tranche C-3 Credit-Linked Deposits, hereunder, the applicable Borrower shall select the Borrowing or Borrowings, B/A Drawing or B/A Drawings and/or Tranche C-3 Credit-Linked Deposits to be repaid or reduced and shall notify the Administrative Agent
by telephone (confirmed by telecopy) of such selection (i) in the case of an ABR Borrowing, a Base Rate Borrowing or a B/A Drawing, not later than 12:00 p.m., Local Time, one Business Day before the scheduled date of such repayment and
(ii) in the case of a Eurocurrency Borrowing or Tranche C-3 Credit-Linked Deposit, not later than 11:00 a.m., Local Time, three Business Days before the scheduled date of such repayment or reduction. Any mandatory prepayment of Term Borrowings
(other than pursuant to subclause (A) of Section 2.12(e)) shall be applied so that the aggregate amount of such prepayment is allocated among the Tranche C-1A Term Borrowings, Tranche C-1B Term Borrowings, Tranche C-2A Term Borrowings,
Tranche C-2B Term Borrowings, Tranche C-4A Term Borrowings, Tranche C-4B Term Borrowings, Tranche C-5A Term Borrowings, Tranche C-5B Term Borrowings, Tranche C-6A Term Borrowings, Tranche C-6B Term Borrowings, Tranche C-7A Term Borrowings, Tranche
C-7B Term Borrowings and Other Term Loans (unless, with respect to Other Term Loans, the Incremental Assumption Agreement relating thereto does not so require) of each Class, if any, pro rata based on the aggregate principal amount of
outstanding Borrowings of each such Class; provided that to the extent Original Maturity Term Loans are outstanding, such Original Maturity Term Loans shall be repaid pursuant to this Section 2.11(d) prior to the

  

 96 

 
repayment of any Extended Maturity Term Loans pursuant to this Section 2.11(d). In the case of prepayments under Section 2.12(a), the Borrowers may in their sole discretion select the
Borrowing or Borrowings to be prepaid. Each repayment of a Borrowing or amounts owing in respect of outstanding B/A Drawings shall be applied ratably to the Loans included in the repaid Borrowing or the B/As included in such B/A Drawing and each
reduction of the Total Tranche C-3 Credit-Linked Deposit shall be applied ratably to the Tranche C-3 Credit-Linked Deposits of the Tranche C-3 Lenders. Notwithstanding anything to the contrary in the immediately preceding sentence, prior to any
repayment of a Swingline Borrowing hereunder, the U.S. Borrower shall select the Borrowing or Borrowings to be repaid and shall notify the Administrative Agent by telephone (confirmed by telecopy) of such selection not later than 12:00 p.m.,
Local Time, on the scheduled date of such repayment. Repayments of Borrowings shall be accompanied by accrued interest on the amount repaid. 
 (e) For the avoidance of doubt, and notwithstanding anything to the contrary set forth in this Section 2.11 (including the amortization schedule set forth above), if the original Term Facility
Maturity Date and the original Revolving Facility Maturity Date with respect to the applicable Classes of Term Loans and Revolving Facility Commitment subject to such provisos shall be changed to an earlier date pursuant to the provisos to clause
(a) or (b) of the definitions of the terms Term Facility Maturity Date and Revolving Facility Maturity Date, then, to the extent not previously paid, outstanding Term Loans, Revolving Facility Loans, B/As and Swingline Loans of the
applicable Classes shall be due and payable on such earlier date; provided that any Other Revolving Facility Loans and Other Term Loans shall be due and payable as set forth in the relevant Incremental Assumption Agreement. 
 (f) Amounts to be applied pursuant to this Section or Section 7.01 to prepay or repay amounts to become due with respect
to outstanding B/As shall be deposited in the Prepayment Account (as defined below). On the last day of the Contract Period of each B/A to be prepaid or repaid, the Administrative Agent shall apply any cash on deposit in the Prepayment Account to
amounts due in respect of the relevant B/As until all amounts due in respect of the relevant outstanding B/As have been satisfied (with any remaining funds being returned to the Canadian Borrower) or until all the allocable cash on deposit has been
exhausted. For purposes of this Agreement, the term “Prepayment Account” shall mean an account established by the Canadian Borrower with the Administrative Agent and over which the Administrative Agent shall have exclusive dominion
and control, including the exclusive right of withdrawal for application in accordance with this paragraph (f). The Administrative Agent will, at the request of the Canadian Borrower, use commercially reasonable efforts to invest amounts on
deposit in the Prepayment Account in short-term, cash equivalent investments selected by the Administrative Agent in consultation with the Canadian Borrower that mature prior to the last day of the applicable Contract Periods of the B/As to be
prepaid; provided that the Administrative Agent shall have no obligation to invest amounts on deposit in the Prepayment Account if a Default or Event of Default shall have occurred and be continuing. The Canadian Borrower shall indemnify the
Administrative Agent for any losses relating to the investments made at the request or direction of the Canadian Borrower 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

  

 97 

 
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 the Canadian Borrower, to the
extent not necessary for the prepayment of B/As in accordance with this Section), 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 Section 7.01, the Administrative Agent may, in its sole discretion, apply all amounts on deposit in the Prepayment Account
to satisfy any of the Obligations of the Canadian Borrower in respect of Canadian Tranche Loans and B/As (and the Canadian Borrower hereby grants to the Administrative Agent a security interest in the Prepayment Account to secure such Obligations).

 (g) The Administrative Agent shall return Tranche C-3 Credit-Linked Deposits in the aggregate amount of
$500,000 to the Tranche C-3 Lenders on June 30 of each year, beginning on June 30, 2006. To the extent not previously returned, all Tranche C-3 Credit-Linked Deposits shall be returned to the Tranche C-3 Lenders on the Tranche C-3 Maturity
Date. Any optional return of Tranche C-3 Credit-Linked Deposits effected pursuant to Section 2.09 shall be applied to reduce the subsequent scheduled returns of Tranche C-3 Credit-Linked Deposits to be effected pursuant to this Section as
directed by the U.S. Borrower. Each return of Tranche C-3 Credit-Linked Deposits pursuant to this Section 2.11(g) shall be accompanied by accrued interest on the amount of Tranche C-3 Credit-Linked Deposits paid to but excluding the date of
return. 
 Section 2.12 Prepayment of Loans. (a) The Borrowers shall have the right at any time
and from time to time to prepay any Borrowing in whole or in part, without premium or penalty (but subject to Section 2.17), in an aggregate principal amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing
Minimum or, if less, the amount outstanding, subject to prior notice in accordance with Section 2.11(d). 
 (b) The U.S. Borrower shall apply all Net Proceeds promptly upon receipt thereof to prepay Term Borrowings in accordance with paragraphs (c) and (d) of Section 2.11; provided that the U.S. Borrower shall not be so
required to apply cash proceeds that constitute Net Proceeds pursuant to clause (b) of the definition thereof to prepay Term Borrowings if, on the date of receipt thereof, and after giving effect to the incurrence, issuance or sale of
Indebtedness that produces such Net Proceeds on a Pro Forma Basis, the Senior Secured Bank Leverage Ratio on the last day of the U.S. Borrower’s then most recently completed fiscal quarter for which financial statements are available shall be
less than or equal to 3.00 to 1.00; provided further that, with respect to Net Proceeds from Asset Dispositions, the U.S. Borrower may use a portion of such Net Proceeds to prepay or repurchase (or to retain such portion pending a prepayment
or repurchase or offer therefore (including a tender offer or asset sale offer), and any Net Proceeds so retained that are not so used within 180 days shall be applied in accordance with the other provisions of this paragraph (b)) First Lien Notes
with a Lien on the Collateral ranking pari passu with the Lien securing the U.S. Obligations in an amount not to exceed the product of (x) the amount of such Net Proceeds multiplied by (y) a fraction, the numerator of which is the
outstanding principal amount of the First Lien Notes with a Lien on the Collateral ranking pari passu with the Lien securing the U.S. Obligations and

  

 98 

 
the denominator of which is the sum of the outstanding principal amount of such First Lien Notes and the outstanding principal amount of Term Loans. 
 (c) Within five (5) Business Days after financial statements are required to be delivered under Section 5.04(a)
with respect to each Excess Cash Flow Period (commencing with the Excess Cash Flow Period beginning on January 1, 2008), the U.S. Borrower shall calculate Excess Cash Flow for such Excess Cash Flow Period and shall apply an amount equal to the
amount by which (A) the Required Percentage of such Excess Cash Flow exceeds (B) the aggregate principal amount of voluntary prepayments of Term Loans pursuant to Section 2.12(a) and permanent voluntary reductions of Revolving
Facility Commitments pursuant to Section 2.09(b) to the extent that an equal amount of Revolving Facility Loans was simultaneously repaid pursuant to Section 2.12(a), in each case during such Excess Cash Flow Period, to prepay Term
Borrowings in accordance with paragraphs (c) and (d) of Section 2.11. Not later than the date on which the payment is required to be made pursuant to the foregoing sentence for each applicable Excess Cash Flow Period, the U.S.
Borrower will deliver to the Administrative Agent a certificate signed by a Financial Officer of the U.S. Borrower setting forth the amount, if any, of Excess Cash Flow for such fiscal year and the calculation thereof in reasonable detail.

 (d) (i) In the event and on such occasion that (A) the total European Tranche Revolving Facility
Exposure exceeds the total European Tranche Commitments, (B) the total Canadian Tranche Revolving Facility Exposure exceeds the total Canadian Tranche Commitments or (C) the total U.S. Tranche Revolving Facility Exposure exceeds the total
U.S. Tranche Commitments, the Borrowers under the applicable Tranche shall prepay Revolving Borrowings or Swingline Borrowings (or, if no such Borrowings are outstanding, deposit cash collateral in an account with the Administrative Agent pursuant
to Section 2.05(j)) in an aggregate amount equal to such excess; provided that if such excess arises solely as a result of currency rate fluctuations, such prepayment or deposit, as the case may be, shall not be required to be made until
the third Business Day after the Administrative Agent shall have delivered to the Borrowers written notice of such required prepayment or deposit. 
 (e) Notwithstanding anything to the contrary, to the extent the Borrower receives First Lien Net Proceeds with respect to (A) First Lien Notes that are secured by a first priority Lien on the
Collateral that is pari passu with the Lien securing the U.S. Obligations (x) the Revolving Facility Commitment of each Revolving Facility Lender shall be permanently reduced substantially concurrently with the receipt of such First Lien Net
Proceeds by the U.S. Borrower in an aggregate amount equal to the Applicable Facility Percentage of such First Lien Net Proceeds (and, in connection therewith, to the extent required to prevent the Revolving Facility Exposure from exceeding the
Revolving Facility Commitments in effect, the U.S. Borrower shall reduce the Revolving Facility Credit Exposure in the same manner as specified in Section 2.12(d)) and (y) Term Loans of each Class shall be prepaid at par on a pro rata
basis substantially concurrently with the receipt of such First Lien Net Proceeds, in each case, in an aggregate amount for such Class of Term Loans equal to the Applicable Facility Percentage for such Class of Term Loans of such First Lien Net
Proceeds; and (B) First Lien Notes that are not secured by a first priority Lien on the Collateral that is pari passu with the Lien securing the U.S. Obligations, Term Loans

  

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shall be prepaid at par substantially concurrently with the receipt of such First Lien Net Proceeds in an aggregate amount equal to 100% of such First Lien Net Proceeds in accordance with
paragraphs (c) and (d) of Section 2.11; provided that to the extent Original Maturity Term Loans are outstanding, such Original Maturity Term Loans shall be repaid pursuant to this Section 2.12(e) prior to the repayment of
any Extended Maturity Term Loans pursuant to this Section 2.12(e). 
 SECTION 2.13 Fees. (a) The
U.S. Borrower agrees to pay to each Lender in respect of a Tranche of Revolving Loans (other than any Defaulting Lender), through the Administrative Agent, three Business Days after the last day of March, June, September and December in each year,
and three Business Days after the date on which the Revolving Facility Commitments of all the Lenders in respect of such Tranche shall be terminated as provided herein, a commitment fee (a “Commitment Fee”) on the daily amount of
the Available Unused Commitment of such Lender attributable to such Tranche during the preceding quarter (or other period ending with the date on which the last of the Commitments of such Lender in respect of such Tranche shall be terminated) at a
rate equal to 0.50% per annum. All Commitment Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days. For the purpose of calculating any Lender’s Commitment Fee, the outstanding Swingline Loans
during the period for which such Lender’s Commitment Fee is calculated shall be deemed to be zero. The Commitment Fee due to each Lender in respect of any Tranche of Revolving Loans shall commence to accrue on the Closing Date and shall cease
to accrue on the date on which the last of the Commitments of such Lender in respect of such Tranche shall be terminated as provided herein. For purposes of computing the average daily amount of any Revolving L/C Exposure for any period under this
Section 2.13(a) and under Section 2.13(b), the average daily amount of Alternative Currency Revolving L/C Exposure for such period shall be calculated by multiplying (i) the average daily balance of each Alternative Currency Letter of
Credit (expressed in the currency in which such Alternative Currency Letter of Credit is denominated) by (ii) the Exchange Rate for the Alternative Currency in which such Letter of Credit is denominated in effect on the last Business Day of
such period or by such other reasonable method that the Administrative Agent deems appropriate. Any Commitment Fee paid in respect of the Canadian Tranche (i) shall be paid to each Canadian Tranche Lender’s Canadian Lending Office to the
extent paid by the Canadian Borrower and (ii) shall be paid to each Canadian Tranche Lender’s U.S. Lending Office to the extent paid by the U.S. Borrower. 
 (b) The U.S. Borrower from time to time agrees to pay (i) to each Revolving Facility Lender (other than any Defaulting
Lender) in respect of a Tranche, through the Administrative Agent, three Business Days after the last day of March, June, September and December of each year and three Business Days after the date on which the Revolving Facility Commitments in
respect of such Tranche of all the Lenders shall be terminated as provided herein, a fee (an “L/C Participation Fee”) on such Lender’s Tranche Percentage of the daily aggregate Revolving L/C Exposure with respect to such
Tranche (excluding the portion thereof attributable to unreimbursed Revolving L/C Disbursements), during the preceding quarter (or shorter period ending with the applicable Revolving Facility Maturity Date or the date on which the Revolving Facility
Commitments in respect of such Tranche shall be terminated) at the rate per annum equal to the Applicable Margin for Eurocurrency

  

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Revolving Borrowings effective for each day in such period (provided that, solely in respect of the CIGNA L/C, such rate per annum shall be equal to such Applicable Margin minus
0.50%) and (ii) to each Issuing Bank in respect of any Tranche of the Revolving Facility, for its own account, (x) three Business Days after the last day of March, June, September and December of each year and three Business Days after the
date on which the Revolving Facility Commitments in respect of such Tranche of all the Lenders shall be terminated as provided herein, a fronting fee in respect of each Revolving Letter of Credit issued by such Issuing Bank for the period from and
including the date of issuance of such Revolving Letter of Credit to and including the termination of such Revolving Letter of Credit, computed at a rate equal to  1/4 of 1% per annum of the daily average stated amount of such
Revolving Letter of Credit (or as otherwise agreed with such Issuing Bank), plus (y) in connection with the issuance, amendment or transfer of any such Letter of Credit or any Revolving L/C Disbursement thereunder, such Issuing Bank’s
customary documentary and processing charges (collectively, “Issuing Bank Fees”). All L/C Participation Fees and Issuing Bank Fees that are payable on a per annum basis shall be computed on the basis of the actual number of days
elapsed in a year of 360 days. 
 (c) The Canadian Borrower agrees to pay to the Administrative Agent, for
the account of each Canadian Tranche Lender, on each date on which B/As drawn by the Canadian Borrower are accepted hereunder, in Canadian Dollars, an acceptance fee computed by multiplying the face amount of each such B/A by the product of
(i) the Applicable Margin for B/A Drawings on such date and (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) The U.S. Borrower agrees to pay (i) in addition to the fees payable to the Tranche C-3 Lenders
pursuant to Section 2.23(b), to the Administrative Agent for the account of each Tranche C-3 Lender, three Business Days after the last day of March, June, September and December of each year and three Business Days after the date on which the
Tranche C-3 Credit-Linked Deposit shall be terminated as provided herein, a participation fee with respect to its participations in Tranche C-3 Letters of Credit, which shall accrue at the Applicable Margin from time to time in effect in respect of
Eurocurrency Term Loans on the daily amount of such Tranche C-3 Lender’s Tranche C-3 Credit-Linked Deposit during the period from and including the Amendment Effective Date to but excluding the date on which the entire amount of such
Lender’s Tranche C-3 Credit-Linked Deposit is returned to it and (ii) to each Issuing Bank, for its own account, (x) three Business Days after the last day of March, June, September and December of each year and three Business Days
after the date on which the Tranche C-3 Credit-Linked Deposits shall be terminated as provided herein, a fronting fee in respect of each Tranche C-3 Letter of Credit issued by such Issuing Bank for the period from and including the date of issuance
of such Tranche C-3 Letter of Credit to and including the termination of such Tranche C-3 Letter of Credit, computed at a rate equal to  1/4 of 1% per annum of the daily average stated amount of such Tranche C-3 Letter of Credit (or as otherwise agreed with such Issuing Bank), plus
(y) in connection with the issuance, amendment or transfer of any such Letter of Credit or any Tranche C-3 L/C Disbursement thereunder, such Issuing Bank’s customary documentary and processing charges; provided that all such fees
shall be payable on the date on which the Tranche C-3 Credit-Linked Deposits are returned to the Tranche C-3 Lenders and any 

  

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such fees accruing after the date on which the Tranche C-3 Credit-Linked Deposits are returned to the Tranche C-3 Lenders shall be payable on demand. Any other fees payable to any Issuing Bank
pursuant to this paragraph shall be payable within 10 days after demand. All participation fees and fronting fees in respect of Tranche C-3 Letters of Credit that are payable on a per annum basis shall be computed on the basis of the number of days
elapsed in a year of 360 days. 
 (e) The U.S. Borrower agrees to pay to the Administrative Agent, for the
account of the Administrative Agent, the fees set forth in the Fee Letter dated as of October 11, 2006, as amended, restated, supplemented or otherwise modified from time to time, at the times specified therein (the “Administrative
Agent Fees”). 
 (f) All Fees shall be paid on the dates due, in immediately available funds, to the
Administrative Agent for distribution, if and as appropriate, among the Lenders, except that Issuing Bank Fees shall be paid directly to the applicable Issuing Banks. Once paid, none of the Fees shall be refundable under any circumstances.

 SECTION 2.14 Interest. (a) The Loans comprising each ABR Borrowing (including each Swingline Loan
to the U.S. Borrower) shall bear interest at the ABR plus the Applicable Margin, the Loans comprising each U.S. Base Rate Borrowing shall bear interest at the U.S. Base Rate plus the Applicable Margin, the Loans comprising each Canadian Base Rate
Borrowing shall bear interest at the Canadian Base Rate plus the Applicable Margin and the Loans comprising each other Base Rate Borrowing (including each Swingline Loan to the Dutch Borrower or a U.K. Borrower) shall bear interest at the applicable
Base Rate plus the Applicable Margin. 
 (b) The Loans comprising each Eurocurrency Borrowing shall bear interest
at the Adjusted Eurocurrency Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin. 
 (c) Notwithstanding the foregoing, if any principal of or interest on any Loan or Tranche C-3 L/C Disbursements or any Fees or other amount payable by the applicable Borrower hereunder is not paid when due, whether at stated maturity, upon
acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided
in the preceding paragraphs of this Section, (ii) in the case of overdue unreimbursed amounts with respect to any Tranche C-3 L/C Disbursement, 2% plus the rate otherwise applicable to such Tranche C-3 L/C Disbursement as provided in
Section 2.05(h) or (iii) in the case of any other amount, 2% plus the interest rate that would have applied had such amount, during the period of non-payment, constituted (A) in the case of an amount owed by the U.S. Borrower, an ABR
Loan or (B) in the case of any other amount, a Base Rate Loan to the Borrower that owes such amount in the currency of the overdue amount; provided that this paragraph (c) shall not apply to any Event of Default that has been waived
by the Lenders pursuant to Section 9.08. 
  

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 (d) Accrued interest on each Loan shall be payable in arrears (i) on
each Interest Payment Date for such Loan, (ii) in the case of Revolving Facility Loans in respect of any Tranche, upon termination of the Revolving Facility Commitments in respect of such Tranche and (iii) in the case of the Term Loans, on
the applicable Term Facility Maturity Date; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than
a prepayment of an ABR Revolving Loan or a Base Rate Revolving Loan under any Tranche prior to the end of the Availability Period in respect of such Tranche), accrued interest on the principal amount repaid or prepaid shall be payable on the date of
such repayment or prepayment and (iii) in the event of any conversion of any Eurocurrency Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such conversion.

 (e) All interest hereunder shall be computed on the basis of a year of 360 days, except that (i) interest
on Loans denominated in Sterling and (ii) interest computed by reference to (A) the ABR at times when the ABR is based on the Prime Rate, (B) the U.S. Base Rate at times when the U.S. Base Rate is based on the rate described in
clause (a) of the definition thereof or (C) the Canadian Base Rate, in each case shall be computed on the basis of a year of 365 days, and in each case shall be payable for the actual number of days elapsed (including the first day but
excluding the last day). The applicable ABR, Adjusted Eurocurrency Rate or Base Rate shall be determined by the Administrative Agent, and such determination shall be conclusive absent manifest error. 
 (f) For the purposes of the Interest Act (Canada) and disclosure thereunder, whenever any interest or any fee to be paid
hereunder or in connection herewith is to be calculated on the basis of a 360-day or 365-day year, the yearly rate of interest to which the rate used in such calculation is equivalent is the rate so used multiplied by the actual number of days in
the calendar year in which the same is to be ascertained and divided by 360 or 365, as the case may be. The rates of interest under this Agreement are nominal rates, and not effective rates or yields. The principle of deemed reinvestment of interest
does not apply to any interest calculation under this Agreement. 
 SECTION 2.15 Alternate Rate of
Interest. If prior to the commencement of any Interest Period for a Eurocurrency Borrowing denominated in any currency or, with respect to the Benchmark LIBOR Rate, on any day: 
 (a) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and
reasonable means do not exist for ascertaining the Adjusted Eurocurrency Rate, the LIBO Rate or the EURO LIBO Rate, as applicable, for such currency for such Interest Period or the Benchmark LIBOR Rate for such day, as applicable; or 
 (b) the Administrative Agent is advised by the Required Lenders or the Majority Lenders under any Tranche that the Adjusted
Eurocurrency Rate, the LIBO Rate or the EURO LIBO Rate, as applicable, for such currency for such Interest Period or the Benchmark LIBOR Rate for such day, as applicable, will not adequately and fairly reflect the cost to such

  

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Lenders of making or maintaining their Loans included in such Borrowing or such Tranche C-3 Credit-Linked Deposit, as applicable, for such Interest Period or such day, as applicable; 

then the Administrative Agent shall give notice thereof to the Borrowers and the Lenders by telephone or telecopy as promptly as practicable thereafter
and, until the Administrative Agent notifies the Borrowers and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of
any Borrowing as, a Eurocurrency Borrowing denominated in such currency shall be ineffective and such Borrowing shall be converted to or continued as on the last day of the Interest Period applicable thereto (A) if such Borrowing is a Borrowing
by the U.S. Borrower, an ABR Borrowing, and (B) if such Borrowing is a Borrowing by the Dutch Borrower or a U.K. Borrower, or a Canadian Tranche Borrowing denominated in U.S. Dollars, a Base Rate Borrowing, (ii) if any Borrowing Request
requests a Eurocurrency Borrowing in such currency, (A) if such Borrowing is a Borrowing by the U.S. Borrower, such Borrowing shall be made as an ABR Borrowing, and (B) if such Borrowing is a Borrowing by the Dutch Borrower or a U.K.
Borrower, or a Canadian Tranche Borrowing denominated in U.S. Dollars, a Base Rate Borrowing and (iii) the Tranche C-3 Credit-Linked Deposits shall be invested so as to earn a return equal to the greater of the Federal Funds Effective Rate and
a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 
 SECTION 2.16 Increased Costs. Except for Taxes, which shall be governed exclusively by Section 2.18: (a) If any Change in Law shall: 
 (i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or
for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted Eurocurrency Rate) or Issuing Bank; or 
 (ii) impose on any Lender or Issuing Bank or the London interbank market any other condition affecting this Agreement or Eurocurrency Loans or B/A Drawings made by such Lender or any Letter of Credit or
participation therein or any Tranche C-3 Credit-Linked Deposit; 
 and the result of any of the foregoing shall be to increase the cost to such
Lender of making or maintaining any Eurocurrency Loan or obtaining funds for the purchase of B/As (or of maintaining its obligation to make any such Loan or to accept and purchase B/As) or to increase the cost to such Lender or Issuing Bank of
participating in, issuing or maintaining any Letter of Credit or any Tranche C-3 Credit-Linked Deposit or to reduce the amount of any sum received or receivable by such Lender or Issuing Bank hereunder (whether of principal, interest or otherwise),
then the applicable Borrower will pay to such Lender or Issuing Bank, as applicable, such additional amount or amounts as will compensate such Lender or Issuing Bank, as applicable, for such additional costs incurred or reduction suffered.

 (b) If any Lender or Issuing Bank determines that any Change in Law regarding capital requirements has or
would have the effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s

  

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holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit or Swingline Loans held by, or Tranche C-3 Credit-Linked Deposits of, such
Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into
consideration such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding company with respect to capital adequacy), then from time to time the Borrowers shall pay to such Lender
or such Issuing Bank, as applicable, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company for any such reduction suffered. 
 (c) A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or
Issuing Bank or its holding company, as applicable, as specified in paragraph (a) or (b) of this Section shall be delivered to the U.S. Borrower and shall be conclusive absent manifest error. The Borrowers shall pay such Lender or
Issuing Bank, as applicable, the amount shown as due on any such certificate within 10 days after receipt thereof. 
 (d) Promptly after any Lender or any Issuing Bank has determined that it will make a request for increased compensation pursuant to this Section 2.16, such Lender or Issuing Bank shall notify the U.S. Borrower thereof. Failure or delay
on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided that the Borrowers shall not
be required to compensate a Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or Issuing Bank, as applicable, notifies the U.S. Borrower of the
Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s intention to claim compensation therefor; provided, further, that, if the Change in Law giving rise to such increased
costs or reductions is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 
 SECTION 2.17 Break Funding Payments. In the event of (a) the payment of any principal of any Eurocurrency Loan other than on the last day of an Interest Period applicable thereto (including as
a result of an Event of Default), (b) the conversion of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Eurocurrency Loan on the date
specified in any notice delivered pursuant hereto or (d) the assignment of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto as a result of a request by a Borrower pursuant to Section 2.20 or the
CAM Exchange, then, in any such event, the Borrowers shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurocurrency Loan, such loss, cost or expense to any Lender shall be deemed to be the
amount determined by such Lender to be the excess, if any, of (i) the amount of interest that would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted Eurocurrency Rate that would have been applicable
to such Loan, for the period from the date of such event to the last day of the then

  

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current Interest Period therefor (or, in the case of a failure to borrow, convert or continue a Eurocurrency Loan, for the period that would have been the Interest Period for such Loan), over
(ii) the amount of interest that would accrue on such principal amount for such period at the interest rate that such Lender would bid were it to bid, at the commencement of such period, for deposits in the applicable currency of a comparable
amount and period from other banks in the Eurocurrency market. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to such Borrower and shall be
conclusive absent manifest error. Such Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof. 
 SECTION 2.18 Taxes. (a) Any and all payments by or on account of any obligation of any Loan Party hereunder or under any other Loan Documents shall be made free and clear of and without
deduction for any Indemnified Taxes or Other Taxes; provided that if a Loan Party shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall be increased as necessary so that after
making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, any Lender or any Issuing Bank, as applicable, receives an amount equal to the sum it would have received had no
such deductions been made, (ii) such Loan Party shall make such deductions and (iii) such Loan Party shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. 
 (b) Any and all payments by or on account of any obligation of the Administrative Agent pursuant to Section 2.23(b)
hereunder shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes; provided that if the Administrative Agent shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then
(i) the Administrative Agent shall so notify the U.S. Borrower and advise it of the additional amount required to be paid so that the sum payable by the Administrative Agent pursuant to Section 2.23(b) after making all required deductions
(including deductions applicable to additional sums payable under this Section) to the Tranche C-3 Lenders is an amount from the Administrative Agent equal to the sum they would have received from the Administrative Agent had no deductions been
made, (ii) the U.S. Borrower shall pay such additional amount to the Administrative Agent, (iii) the Administrative Agent shall make all required deductions, (iv) the Administrative Agent shall pay the full amount deducted to the
relevant Governmental Authority in accordance with applicable law and (v) the U.S. Borrower shall indemnify, within 10 days after written demand therefor, the Administrative Agent for the full amount of any deductions paid by the
Administrative Agent with respect to any payments made on account of any obligation of the Administrative Agent pursuant to Section 2.23(b). 
 (c) In addition, the Loan Parties shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
 (d) Each Loan Party shall indemnify the Administrative Agent, each Lender and each Issuing Bank, within 10 days after written
demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent, such Lender or

  

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such Issuing Bank, as applicable, on or with respect to any payment by or on account of any obligation of such Loan Party hereunder or under any other Loan Documents (including Indemnified Taxes
or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) 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 such Loan Party by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf, on behalf of
another Agent or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error. 
 (e) As
soon as practicable after any payment of Indemnified Taxes or Other Taxes by a Loan Party to a Governmental Authority, such Loan Party shall deliver to the Administrative 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 Administrative Agent. 
 (f) Any Foreign Lender that is entitled to an exemption from or reduction of withholding Tax under the law of the
jurisdiction in which a Borrower under a Tranche in which such Lender participates is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement shall deliver to such Borrower (with a copy to the
Administrative Agent), to the extent such Lender is legally entitled to do so, at the time or times prescribed by applicable law or as may reasonably be requested by such Borrower, such properly completed and executed documentation prescribed by
applicable law to permit such payments to be made without such withholding tax or at a reduced rate; provided that no Lender shall have any obligation under this paragraph (e) with respect to any withholding Tax imposed by any
jurisdiction other than the United States if in the reasonable judgment of such Lender such compliance would subject such Lender to any material unreimbursed cost or expense or would otherwise be disadvantageous to such Lender in any material
respect. 
 (g) If the Administrative Agent or a Lender determines, in its sole discretion, that it has received
a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by a Loan Party or with respect to which such Loan Party has paid additional amounts pursuant to this Section 2.18, it shall pay over such refund to such Loan
Party (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan Party under this Section 2.18 with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of the
Administrative Agent or such Lender (including any Taxes imposed with respect to such refund) as is determined by the Administrative Agent or Lender in good faith and in its sole discretion, and without interest (other than any interest paid by the
relevant Governmental Authority with respect to such refund); provided that such Loan Party, upon the request of the Administrative Agent or such Lender, agrees to repay as soon as reasonably practicable the amount paid over to such Loan
Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such
Governmental Authority. This Section shall not be construed to require the Administrative Agent or any

  

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Lender to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the Loan Parties or any other person. 
 SECTION 2.19 Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) Unless otherwise specified, each
Borrower shall make each payment required to be made by it hereunder (whether of principal, face amount of B/As, interest, fees or reimbursement of L/C Disbursements, or of amounts payable under Section 2.16, 2.17 or 2.18, or otherwise) prior
to 2:00 p.m., Local Time, on the date when due, in immediately available funds, without condition or deduction for any defense, recoupment, set-off or counterclaim. Any amounts received after such time on any date may, in the discretion of the
Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent to the applicable account designated to such Borrower
by the Administrative Agent, except payments to be made directly to the applicable Issuing Bank or the Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.16, 2.17, 2.18 and 9.05 shall be made directly
to the persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for the account of any other person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on
a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments under
each Loan Document of principal or interest in respect of any Loan or amounts owing in respect of any B/A Drawing (or of any breakage indemnity in respect of any Loan or B/A Drawing) shall be made in the currency of such Loan or B/A Drawing; all
other payments hereunder and under each other Loan Document shall be made in U.S. Dollars, except as otherwise expressly provided herein. Any payment required to be made by the Administrative Agent hereunder shall be deemed to have been made by the
time required if the Administrative Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance with the regulations or operating procedures of the clearing or settlement system used by the Administrative
Agent to make such payment. 
 (b) If at any time insufficient funds are received by and available to the
Administrative Agent from any Borrower to pay fully all amounts of principal, face amount of B/As, unreimbursed L/C Disbursements, interest and fees then due from such Borrower hereunder, such funds shall be applied (i) first, towards payment
of interest and fees then due from such Borrower hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal, face
amount of B/As and unreimbursed L/C Disbursements then due from such Borrower hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal, face amount of B/As and unreimbursed L/C Disbursements then due to such
parties. 
 (c) If any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain
payment in respect of any principal of or interest on any of its Term Loans, Revolving Facility Loans, amounts owing in respect of B/A Drawings or participations in L/C Disbursements or Swingline Loans resulting in such Lender receiving payment of a
greater proportion of the aggregate amount of its Term Loans, Revolving

  

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Facility Loans, amounts owing in respect of B/A Drawings and participations in L/C Disbursements and Swingline Loans and accrued interest thereon under any Tranche than the proportion received by
any other Lender under such Tranche, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Term Loans, Revolving Facility Loans, amounts owing in respect of B/A Drawings and participations in
L/C Disbursements and Swingline Loans of other Lenders under such Tranche to the extent necessary so that the benefit of all such payments shall be shared by the Lenders under such Tranche ratably in accordance with the aggregate amount of principal
of and accrued interest on their respective Term Loans, Revolving Facility Loans, amounts owing in respect of B/A Drawings and participations in L/C Disbursements and Swingline Loans under such Tranche; provided that (i) if any such
participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the
provisions of this paragraph (c) shall not be construed to apply to any payment made by a Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of
or sale of a participation in any of its Loans or participations in L/C Disbursements to any assignee or participant, other than to the U.S. Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph (c) shall
apply). Each Borrower 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 Borrower rights of
set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in the amount of such participation. 
 (d) Unless the Administrative Agent shall have received notice from a Borrower prior to the date on which any payment is due
to the Administrative Agent for the account of the Lenders or the applicable Issuing Bank hereunder that such Borrower will not make such payment, the Administrative Agent may assume that such Borrower has made such payment on such date in
accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the applicable Issuing Bank, as applicable, the amount due. In such event, if such Borrower has not in fact made such payment, then each of the Lenders or
the applicable Issuing Bank, as applicable, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank 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 Administrative Agent, at the greater of (A) (1) in the case of Loans to the U.S. Borrower, the Federal Funds Effective Rate, (2) in the case of any other Loans or
amounts owing in respect of B/A Drawings, the rate reasonably determined by the Administrative Agent to be the cost to it of funding such amount, (3) in the case of any other amounts denominated in U.S. Dollars, the Federal Funds Effective
Rate, and (4) in the case of any other amount denominated in a currency other than U.S. Dollars, the rate reasonably determined by the Administrative Agent to be the cost to it of funding such amount, and (B) a rate determined by the
Administrative Agent in accordance with banking industry rules on interbank compensation. 
 (e) If any Lender
shall fail to make any payment required to be made by it pursuant to Section 2.04(c), 2.05(d) or (e), 2.07(b) or 2.19(d), then the Administrative Agent

  

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may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such
Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid. 
 SECTION
2.20 Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests compensation under Section 2.16, 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 2.18 or 2.23, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans or Tranche C-3 Credit-Linked Deposits hereunder or to assign its rights and
obligations hereunder to another of its offices, branches or Affiliates, if, in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.16, 2.18 or 2.23, as
applicable, in the future and (ii) would not subject such Lender to any material unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender in any material respect. The applicable Borrower hereby agrees to pay all
reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 
 (b) If any Lender requests compensation under Section 2.16, 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 2.18 or 2.23, or
is a Defaulting Lender, then the U.S. 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 Section 9.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment);
provided that (i) the U.S. Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not unreasonably be withheld, (ii) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans, amounts owing in respect of B/A Drawings and participations in L/C Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the
extent of such outstanding principal, amounts owing in respect of B/A Drawings and accrued interest and fees) or the applicable Borrower (in the case of all other amounts) and (iii) in the case of any such assignment resulting from a claim for
compensation under Section 2.16 or payments required to be made pursuant to Section 2.18 or 2.23, such assignment will result in a reduction in such compensation or payments. Nothing in this Section 2.20 shall be deemed to prejudice
any rights that a Borrower may have against any Lender that is a Defaulting Lender. 
 (c) If any Lender
(i) has failed to consent to a proposed amendment, waiver, discharge or termination that pursuant to the terms of Section 9.08 requires the consent of all the Lenders affected and with respect to which the Required Lenders shall have
granted their consent or (ii) was in breach of its representation made pursuant to Section 9.22 (any such Lender referred to in clause (i) or (ii), a “Non-Consenting Lender”), then provided no Event of Default then
exists, the U.S. Borrower shall have the right (unless in the case of clause (i) such Non-Consenting Lender grants such consent) to replace such Non-

  

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Consenting Lender by requiring such Non-Consenting Lender to assign its Loans, Commitments and unreimbursed Tranche C-3 Credit-Linked Deposits hereunder to one or more assignees reasonably
acceptable to the Administrative Agent; provided that: (a) all Obligations of the Borrowers owing to such Non-Consenting Lender being replaced shall be paid in full to such Non-Consenting Lender concurrently with such assignment, and
(b) the replacement Lender shall purchase the foregoing by paying to such Non-Consenting Lender a price equal to the principal amount thereof plus accrued and unpaid interest thereon. In connection with any such assignment the Borrowers, the
Administrative Agent, such Non-Consenting Lender and the replacement Lender shall otherwise comply with Section 9.04. 
 SECTION 2.21 Incremental Commitments. (a) The U.S. Borrower or the Dutch Borrower may, by written notice to the Administrative Agent from time to time, request Incremental Term Loan
Commitments and/or Incremental Revolving Facility Commitments in an amount not to exceed the Incremental Amount (unless constituting an Extension in accordance with clauses (e) through (i) of this Section 2.21) from one or more
Incremental Term Lenders and/or Incremental Revolving Facility Lenders (which may include any existing Lender) willing to provide such Incremental Term Loans and/or Incremental Revolving Facility Loans, as the case may be, in their own discretion;
provided that each Incremental Revolving Facility Lender shall be subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld). Such notice shall set forth (i) the amount of the Incremental Term
Loan Commitments and/or Incremental Revolving Facility Commitments being requested (which shall be in minimum increments of $1.0 million and a minimum amount of $25.0 million or equal to the remaining Incremental Amount), (ii) the date on which
such Incremental Term Loan Commitments and/or Incremental Revolving Facility Commitments are requested to become effective (the “Increased Amount Date”) and (iii) (a) whether such Incremental Term Loan Commitments are to
be commitments to make term loans with pricing and/or amortization terms identical to an existing Class of Term Loans or commitments to make term loans with pricing and/or amortization terms different from an existing Class of Term Loans
(“Other Term Loans”) and/or (b) whether such Incremental Revolving Facility Commitments are to be Canadian Tranche Commitments, European Tranche Commitments, U.S. Tranche Commitments or commitments to make revolving loans with
pricing and/or amortization terms different from the Canadian Tranche Revolving Facility Loans, European Tranche Revolving Facility Loans and U.S. Tranche Revolving Facility Loans (“Other Revolving Facility Loans”). 
 (b) The U.S. Borrower and each Incremental Term Lender and/or Incremental Revolving Facility Lender shall execute and deliver
to the Administrative Agent an Incremental Assumption Agreement and such other documentation as the Administrative Agent shall reasonably specify to evidence the Incremental Term Loan Commitment of such Incremental Term Lender and/or Incremental
Revolving Facility Commitment of such Incremental Revolving Facility Lender. Each Incremental Assumption Agreement shall specify the terms of the Incremental Term Loans and/or Incremental Revolving Facility Loans to be made thereunder;
provided that (i) the Other Term Loans and Other Revolving Facility Loans shall rank pari passu or junior in right of payment and of security with the Existing Term Loans and Revolving Facility Loans and (except as to pricing and
amortization) shall have the same terms as the Existing Term

  

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Loans, (ii) the final maturity date of (a) any Other Term Loans shall be no earlier than the latest Term Facility Maturity Date of any then existing Term Loans and (b) any Other
Revolving Facility Loans shall be no earlier than the latest Revolving Facility Maturity Date then in effect; provided that any Other Revolving Facility Loans may provide for an acceleration of their maturity to an Early Maturity Test Date
if, on such Early Maturity Test Date, the aggregate principal amount of Early Maturity Notes (as defined in clause (a) of such definition) that mature within 91 days after such Early Maturity Test Date exceeds $200.0 million and any Other Term
Loans may provide for an acceleration of their maturity to an Early Maturity Test Date if, on such Early Maturity Test Date, the aggregate principal amount of Early Maturity Notes (as defined in clause (b) of such definition) that mature within
91 days after such Early Maturity Test Date exceeds $400.0 million, (iii) the weighted average life to maturity of any Other Term Loans shall be no shorter than the weighted average life to maturity of the Term Loans and (iv) the Other
Revolving Facility Loans shall require no scheduled amortization or mandatory commitment reductions prior to the latest Revolving Facility Maturity Date then in effect; provided further that the interest rate margin (which shall be
deemed to include all upfront or similar fees or original issue discount payable to all Lenders providing such Other Term Loan and/or Other Revolving Facility Loan) in respect of any Other Term Loan and/or Other Revolving Facility Loan shall not be
greater than that applicable to the Extended Maturity Term Loans and/or the Committed Extended Revolving Facility Commitment; except that the interest rate margin in respect of any Other Term Loan and/or Other Revolving Facility Loan (which shall be
deemed to include all upfront or similar fees or original issue discount payable to all Lenders providing such Other Term Loan and/or Other Revolving Facility Loan) may exceed the Applicable Margin for the Extended Maturity Term Loans and/or the
Committed Extended Revolving Facility Commitment (which shall, for such purposes only, be deemed to include all upfront or similar fees or original issue discount payable to all Lenders providing the Extended Maturity Term Loans and/or the Committed
Extended Revolving Facility Commitment), respectively, by no more than  1/2 of 1% (it being understood that any such increase may take the form of original issue discount (“OID”), with OID being equated to the interest rates in a manner reasonably determined by
the Administrative Agent based on an assumed four-year life to maturity), or if it does so exceed such Applicable Margin (which shall, for such purposes only, be deemed to include all upfront or similar fees or original issue discount payable to all
Lenders providing the Extended Maturity Term Loans and/or the Committed Extended Revolving Facility Commitment), such Applicable Margin shall be increased so that the interest rate margin in respect of such Other Term Loan or Other Revolving
Facility Loan, as the case may be (which shall be deemed to include all upfront or similar fees or original issue discount payable to all Lenders providing such Other Term Loan and/or Other Revolving Facility Loan), is no more than  1/2 of 1% higher than the Applicable Margin for the
Extended Maturity Term Loans or the Committed Extended Revolving Facility Commitment, respectively (which shall, for such purposes only, be deemed to include all upfront or similar fees or original issue discount payable to all Lenders providing the
Extended Maturity Term Loans and/or the Committed Extended Revolving Facility Commitment). The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Incremental Assumption Agreement. Each of the parties hereto hereby
agrees that, upon the effectiveness of any Incremental Assumption Agreement, this Agreement shall be 

  

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amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Incremental Term Loan Commitments and/or Incremental Revolving Loan Commitments evidenced
thereby as provided for in Section 9.08(e). Any such deemed amendment may be memorialized in writing by the Administrative Agent with the U.S. Borrower’s consent (not to be unreasonably withheld) and furnished to the other parties hereto.

 (c) Notwithstanding the foregoing, no Incremental Term Loan Commitment or Incremental Revolving Facility
Commitment shall become effective under this Section 2.21 unless (i) on the date of such effectiveness, the conditions set forth in paragraphs (b) and (c) of Article IV shall be satisfied and the Administrative Agent shall have
received a certificate to that effect dated such date and executed by a Financial Officer of the U.S. Borrower, (ii) the Administrative Agent shall have received legal opinions, board resolutions and other closing certificates and documentation
as required by the relevant Incremental Assumption Agreement and consistent with those delivered on the Closing Date under Section 4.02 of the 2005 Credit Agreement and such additional documents and filings (including amendments to the
Mortgages and other Security Documents and title endorsement bringdowns) as the Administrative Agent may reasonably require to assure that the Incremental Term Loans and/or Incremental Revolving Facility Loans are secured by the Collateral ratably
with (or, to the extent agreed by the applicable Incremental Term Lenders or Incremental Revolving Facility Lenders in the applicable Incremental Assumption Agreement, junior to) the existing Term Loans and Revolving Facility Loans and
(iii) the U.S. Borrower would be in Pro Forma Compliance after giving effect to such Incremental Term Loan Commitment and/or Incremental Revolving Facility Commitments and the Incremental Term Loans and/or Incremental Revolving Facility Loans
to be made thereunder and the application of the proceeds therefrom as if made and applied on such date. 
 (d)
Each of the parties hereto hereby agrees that the Administrative Agent may take any and all action as may be reasonably necessary to ensure that all Incremental Term Loans and/or Incremental Revolving Facility Loans (other than Other Term Loans or
Other Revolving Facility Loans), when originally made, are included in each Borrowing of outstanding Term Loans or Revolving Facility Loans under the same Tranche on a pro rata basis, and the Borrowers agree that Section 2.17 shall apply to any
conversion of Eurocurrency Loans to ABR Loans or Base Rate Loans reasonably required by the Administrative Agent to effect the foregoing. 
 (e) Notwithstanding anything to the contrary in Section 2.11(d), 2.12(a) or 2.19(c) (which provisions shall not be applicable to clauses (e) through (i) of this Section 2.21), pursuant
to one or more offers made from time to time by any Borrower to all Lenders, on a pro rata basis (based on the aggregate outstanding Term Loans and Revolving Facility Commitments) and on the same terms (“Pro Rata Extension Offers”), each
Borrower is hereby permitted to consummate transactions with individual Lenders from time to time to extend the maturity date of such Lender’s Loans and/or Commitments and to otherwise modify the terms of such Lender’s Loans and/or
Commitments pursuant to the terms of the relevant Pro Rata Extension Offer (including without limitation increasing the interest rate or fees payable in respect of such Lender’s Loans and/or Commitments and/or

  

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modifying the amortization schedule in respect of such Lender’s Loans). For the avoidance of doubt, the reference to “on the same terms” in the preceding sentence shall mean, when
comparing Term Loans and Revolving Facility Commitments, that the Term Loans and Revolving Facility Commitments are offered to be extended for the same amount of time (for this purpose interim amortization of the Term Loans in an annual amount of up
to 1% of the original principal amount thereof shall not be taken into account) and that the interest rate changes and fees payable with respect to such extension are the same. Any such extension (an “Extension”) agreed to between a
Borrower and any such Lender (an “Extending Lender”) will be established under this Agreement by implementing an Incremental Term Loan for such Lender (if such Lender is extending an existing Term Loan (such extended Term Loan, an
“Extended Term Loan”)) or an Incremental Revolving Facility Commitment for such Lender (if such Lender is extending an existing Revolving Facility Commitment (such extended Revolving Facility Commitment, an “Extended Revolving
Facility Commitment”)). 
 (f) The applicable Borrower and each Extending Lender shall
execute and deliver to the Administrative Agent an Incremental Assumption Agreement and such other documentation as the Administrative Agent shall reasonably specify to evidence the Extended Term Loans and/or Extended Revolving Facility Commitments
of such Extending Lender. Each Incremental Assumption Agreement shall specify the terms of the applicable Extended Term Loans and/or Extended Revolving Facility Commitments; provided that (i) except as to interest rates, fees, amortization,
final maturity date and participation in prepayments (which shall, subject to clauses (ii) through (v) of this proviso, be determined by the applicable Borrower and set forth in the Pro Rata Extension Offer), the Extended Term Loans shall
have (x) the same terms as a Class of existing Term Loans, or (y) such other terms as shall be reasonably satisfactory to the Administrative Agent, (ii) the final maturity date of any Extended Term Loans shall be no earlier than the
latest Term Facility Maturity Date for the Existing Term Loans, (iii) the weighted average life to maturity of any Extended Term Loans shall be no shorter than the remaining weighted average life to maturity of the Existing Term Loans,
(iv) except as to interest rates, fees and final maturity, any Extended Revolving Facility Commitment shall be a Revolving Facility Commitment with the same terms as a Class of Existing Revolving Facility Loans and (v) any Extended Term
Loans and/or Extended Revolving Facility Commitments may participate on a pro rata basis or a less than pro rata basis (but not greater than a pro rata basis) in any voluntary or mandatory repayments or prepayments or commitment reductions hereunder
provided, however, that (A) the interest rate margins for any Extended Term Loan shall not be greater than the highest interest rate margins that may, under any circumstances, be payable with respect to Extended Maturity Term Loans plus  1/2 of 1% (and the interest rate margins applicable to
the Extended Maturity Term Loans shall be increased to the extent necessary to achieve the foregoing), (B) the interest rate margins for any Extended Revolving Facility Commitment shall not be greater than the highest interest rate margins that
may, under any circumstances, be payable with respect to the Committed Extended Revolving Facility Commitment plus  1/2 of 1% (and the interest rate margins applicable to the Committed Extended Revolving Facility Commitment shall be increased to the extent necessary to achieve the foregoing) and
(C) solely for purposes of the foregoing clauses (A) and (B), the interest rate margins applicable to any Extended Maturity Term Loan or Extended Revolving Facility Commitment shall be deemed to include all upfront or similar fees or

  

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original issue discount payable to all Lenders providing such Extended Term Loans or Extended Revolving Facility Commitments based on an assumed four-year life to maturity). Upon the
effectiveness of any Incremental Assumption Agreement, this Agreement shall be amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Extended Term Loans and/or Extended Revolving Facility Commitments
evidenced thereby as provided for in Section 9.08(e). Any such deemed amendment may be memorialized in writing by the Administrative Agent with the applicable Borrower’s consent (not to be unreasonably withheld) and furnished to the other
parties hereto. 
 (g) Upon the effectiveness of any such Extension, the applicable Extending Lender’s Term
Loan will be automatically designated an Extended Term Loan and/or such Extending Lender’s Revolving Facility Commitment will be automatically designated an Extended Revolving Facility Commitment. For purposes of this Agreement and the other
Loan Documents, (i) if such Extending Lender is extending a Term Loan, such Extending Lender will be deemed to have an Incremental Term Loan having the terms of such Extended Term Loan and (ii) if such Extending Lender is extending a
Revolving Facility Commitment, such Extending Lender will be deemed to have an Incremental Revolving Facility Commitment having the terms of such Extended Revolving Facility Commitment. 
 (h) Notwithstanding anything to the contrary set forth in this Agreement or any other Loan Document (including without
limitation this Section 2.21), (i) the aggregate amount of Extended Term Loans and Extended Revolving Facility Commitments will not be included in the calculation of the Incremental Amount, (ii) no Extended Term Loan or Extended
Revolving Facility Commitment is required to be in any minimum amount or any minimum increment; provided that any tranche of Extended Term Loans or Extended Revolving Facility Commitments, as the case may be, shall be in a minimum principal
amount of $25.0 million, (iii) any Extending Lender may extend all or any portion of its Term Loans and/or Revolving Facility Commitment pursuant to one or more Pro Rata Extension Offers (subject to applicable proration in the case of over
participation) (including the extension of any Extended Term Loan and/or Extended Revolving Facility Commitment), (iv) there shall be no condition to any Extension of any Loan or Commitment at any time or from time to time other than notice to
the Administrative Agent of such Extension and the terms of the Extended Term Loan or Extended Revolving Facility Commitment implemented thereby, (v) no consent of any Lender or Agent shall be required to effectuate any Extension, other than
(A) the consent of each Lender agreeing to such Extension with respect to one or more of its Loans and/or Commitments (or a portion thereof) and (B) with respect to any Extension of the Revolving Facility Commitments, the consent of the
Issuing Bank, which consent shall not be unreasonably withheld or delayed and (vi) all Extended Term Loans, Extended Revolving Facility Commitments and all obligations in respect thereof shall be Obligations under this Agreement and the other
Loan Documents that are secured by the Collateral on a pari passu basis with all other applicable Obligations under this Agreement and the other Loan Documents. 
 (i) Each Extension shall be consummated pursuant to procedures set forth in the associated Pro Rata Extension Offer; provided
that the Borrowers shall cooperate with the Administrative Agent prior to making any Pro Rata Extension Offer to establish reasonable procedures with respect to mechanical provisions relating to such Extension, 
  

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including, without limitation, timing, rounding and other adjustments and to ensure reasonable administrative management of the credit facilities hereunder after such Extension. 
 SECTION 2.22 Illegality. If any Lender reasonably determines that any change in law has made it unlawful, or that any
Governmental Authority has asserted after the Closing Date that it is unlawful, for any Lender or its applicable lending office to make or maintain any Eurocurrency Loans, then, on notice thereof by such Lender to the Borrowers through the
Administrative Agent, any obligations of such Lender to make or continue Eurocurrency Loans or to convert ABR Borrowings or Base Rate Borrowings to Eurocurrency Borrowings shall be suspended until such Lender notifies the Administrative Agent and
the Borrowers that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the Borrowers shall upon demand from such Lender (with a copy to the Administrative Agent), either convert all Eurocurrency
Borrowings of such Lender to ABR Borrowings or Base Rate Borrowings, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurocurrency Borrowings to such day, or immediately, if such Lender
may not lawfully continue to maintain such Loans. Upon any such prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or converted. 
 SECTION 2.23 Credit-Linked Deposit Account. (a) The Tranche C-3 Credit-Linked Deposits shall be held by the
Administrative Agent in the Tranche C-3 Credit-Linked Deposit Account, and no party other than the Administrative Agent shall have a right of withdrawal from the Tranche C-3 Credit-Linked Deposit Account or any other right or power with respect to
the Tranche C-3 Credit-Linked Deposits, except as expressly set forth in Section 2.05, 2.09 or 2.12. Notwithstanding any provision in this Agreement to the contrary, the sole funding obligation of each Tranche C-3 Lender in respect of its
participation in Tranche C-3 Letters of Credit shall be satisfied in full upon the funding of its Tranche C-3 Credit-Linked Deposit on the May 2006 Amendment Effective Date. 
 (b) Each of the U.S. Borrower, the Administrative Agent, each Issuing Bank issuing any Tranche C-3 Letter of Credit and each
Tranche C-3 Lender hereby acknowledges and agrees that each Tranche C-3 Lender is funding its Tranche C-3 Credit-Linked Deposit to the Administrative Agent for application in the manner contemplated by Section 2.05 and that the Administrative
Agent has agreed to invest the Tranche C-3 Credit-Linked Deposits so as to earn a return (except during periods when, and to the extent to which, such Tranche C-3 Credit-Linked Deposits are used to cover unreimbursed Tranche C-3 L/C Disbursements,
and subject to Section 2.15) for the Tranche C-3 Lenders equal to a rate per annum, reset daily on each Business Day for the period until the next following Business Day, equal to (i) such day’s rate for one month LIBOR deposits (the
“Benchmark LIBOR Rate”) computed on the basis of the actual number of days elapsed in a year of 365 days (or 366 days in a leap year) minus (ii) 0.10%. Such interest will be paid to the Tranche C-3 Lenders by the
Administrative Agent quarterly in arrears when Letter of Credit fees are payable pursuant to Section 2.13. In addition to the foregoing payments by the Administrative Agent, the U.S. Borrower agrees to make payments to the Tranche C-3 Lenders
quarterly in arrears when Letter of Credit fees are payable pursuant to Section 2.13 (and together with the payment of such fees) in an amount equal to 0.10% per annum on the amounts of their respective Tranche C-3 Credit-Linked Deposits.

  

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 (c) The U.S. Borrower shall have no right, title or interest in or to the
Tranche C-3 Credit-Linked Deposits and no obligations with respect thereto (except for the reimbursement obligations provided in Section 2.05 and the obligation to pay fees as provided in this Section 2.23), it being acknowledged and
agreed by the parties hereto that the making of the Tranche C-3 Credit-Linked Deposits by the Tranche C-3 Lenders, the provisions of this Section 2.23 and the application of the Tranche C-3 Credit-Linked Deposits in the manner contemplated by
the May 2006 Amendment Agreement and Section 2.05 constitute agreements among the Administrative Agent, each Issuing Bank issuing any Tranche C-3 Letter of Credit and each Tranche C-3 Lender with respect to the funding obligations of each
Tranche C-3 Lender in respect of its participation in Tranche C-3 Letters of Credit and do not constitute any loan or extension of credit to the U.S. Borrower. 
 (d) Subject to the U.S. Borrower’s compliance with the cash-collateralization requirements set forth in
Section 2.05(j), the Administrative Agent shall return any remaining Tranche C-3 Credit-Linked Deposits to the Tranche C-3 Lenders following the occurrence of the Tranche C-3 Maturity Date. 
 SECTION 2.24 Additional Reserve Costs. (a) If and so long as any Lender is required to make special deposits with
the Bank of England, to maintain reserve asset ratios or to pay fees, in each case in respect of such Lender’s Loans, such Lender may require the relevant Borrower to pay, contemporaneously with each payment of interest on each of such Loans,
additional interest on such Loans at a rate per annum equal to the Mandatory Costs Rate calculated in accordance with the formula and in the manner set forth in Exhibit G to the November 2006 Credit Agreement; provided that no
Lender may request the payment of any amount under this paragraph to the extent resulting from a requirement imposed (other than as provided in Section 2.16) on such Lender by any Governmental Authority (and not on Lenders or any class of
Lenders generally) in respect of a concern expressed by such Governmental Authority with such Lender specifically, including with respect to its financial health. 
 (b) If and 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 or the European System of Central Banks, but excluding requirements reflected in the Mandatory Costs Rate) in respect of any of such Lender’s
Loans such Lender may require the relevant Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Loans subject to such requirements, additional interest on such Loans 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 Loans, provided that no Lender may request the payment of any amount under this paragraph to the extent resulting from a requirement imposed (other
than as provided in Section 2.16) on such Lender by any Governmental Authority (and not on Lenders or any class of Lenders generally) in respect of a concern expressed by such Governmental Authority with such Lender specifically, including with
respect to its financial health. 
  

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 (c) Any additional interest owed pursuant to paragraph (a) or (b)
above shall be determined by the relevant Lender, acting in good faith, which determination shall be conclusive absent manifest error, and notified to the relevant Borrower (with a copy to the Administrative Agent) at least five Business Days before
each date on which interest is payable for the relevant Loans, and such additional interest so notified to the relevant Borrower by such Lender shall be payable to such Lender on each date on which interest is payable for such Loans. 
 ARTICLE III 
 Representations and Warranties 
 Each Borrower represents and warrants to each of the Lenders that: 

SECTION 3.01. Organization; Powers. Except as set forth on Schedule 3.01 to the November 2006 Credit
Agreement, each of Holdings (prior to a Qualified IPO), the U.S. Borrower and each of the Material Subsidiaries (a) is a limited liability company, unlimited company, corporation or partnership duly organized, validly existing and in good
standing (or, if applicable in a foreign jurisdiction, enjoys the equivalent status under the laws of any jurisdiction of organization outside the United States) under the laws of the jurisdiction of its organization, (b) has all requisite
power and authority to own its property and assets and to carry on its business as now conducted, (c) is qualified to do business in each jurisdiction where such qualification is required, except where the failure so to qualify could not
reasonably be expected to have a Material Adverse Effect, and (d) has the power and authority to execute, deliver and perform its obligations under each of the Loan Documents and each other agreement or instrument contemplated thereby to which
it is or will be a party and, in the case of each Borrower, to borrow and otherwise obtain credit hereunder. 
 SECTION 3.02. Authorization. The execution, delivery and performance by Holdings (prior to a Qualified IPO), the U.S. Borrower and each of the Subsidiary Loan Parties of each of the Loan Documents to which it is a party, and the
borrowings hereunder and the transactions forming a part of the Transactions (a) have been duly authorized by all corporate, stockholder or limited liability company or partnership action required to be obtained by Holdings, the U.S. Borrower
and such Subsidiary Loan Parties and (b) will not (i) violate (A) any provision of law, statute, rule or regulation, or of the certificate or articles of incorporation or other constitutive documents or by-laws of Holdings, the U.S.
Borrower or any such Subsidiary Loan Parties, (B) any applicable order of any court or any rule, regulation or order of any Governmental Authority or (C) any provision of any indenture, certificate of designation for preferred stock,
agreement or other instrument to which Holdings, the U.S.

  

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Borrower or any such Subsidiary Loan Party is a party or by which any of them or any of their property is or may be bound, (ii) be in conflict with, result in a breach of or constitute
(alone or with notice or lapse of time or both) a default under, give rise to a right of or result in any cancellation or acceleration of any right or obligation (including any payment) or to a loss of a material benefit under any such indenture,
certificate of designation for preferred stock, agreement or other instrument, where, other than in the case of the Existing Second Secured Notes, the New 1-1/2 Lien Notes and the Debentures, any such conflict, violation, breach or default referred
to in clause (i) or (ii) of this Section 3.02, could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect, or (iii) result in the creation or imposition of any Lien upon or with respect to
any property or assets now owned or hereafter acquired by Holdings (prior to a Qualified IPO), the U.S. Borrower or any such Subsidiary Loan Parties, other than the Liens created by the Loan Documents and Liens permitted by Section 6.02.

 SECTION 3.03. Enforceability. This Agreement has been duly executed and delivered by Holdings and each
Borrower and constitutes, and each other Loan Document when executed and delivered by each Loan Party that is party thereto will constitute, a legal, valid and binding obligation of such Loan Party enforceable against each such Loan Party in
accordance with its terms, subject to (i) the effects of bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity
(regardless of whether such enforceability is considered in a proceeding in equity or at law), (iii) implied covenants of good faith and fair dealing and (iv) except to the extent set forth in the applicable Foreign Pledge Agreements, any
foreign laws, rules and regulations as they relate to pledges of Equity Interests in Foreign Subsidiaries that are not Loan Parties. 
 SECTION 3.04. Governmental Approvals. No action, consent or approval of, registration or filing with or any other action by any Governmental Authority is or will be required in connection with the
Transactions, except for (a) the filing of Uniform Commercial Code financing statements and equivalent filings in foreign jurisdictions, (b) filings with the United States Patent and Trademark Office and the United States Copyright Office
and comparable offices in foreign jurisdictions and equivalent filings in foreign jurisdictions, (c) recordation of the Mortgages, (d) such as have been made or obtained and are in full force and effect, (e) such other actions,
consents and approvals with respect to which the failure to be obtained or made could not reasonably be expected to have a Material Adverse Effect and (f) filings or other actions listed on Schedule 3.04 to the November 2006 Credit
Agreement. 
 SECTION 3.05. Financial Statements. 
 (a) The U.S. Borrower has heretofore furnished to the Lenders: 
 (i) The unaudited pro forma combined balance sheet (the “Pro Forma Balance Sheet”) and the
related pro forma combined statements of operations (the “Pro Forma

  

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Income Statements” and, together with the Pro Forma Balance Sheet, the “Pro Forma Financial Statements”) of the U.S. Borrower, together with its consolidated
subsidiaries, in the case of the Pro Forma Balance Sheet, as at June 30, 2006, and in the case of the Pro Forma Income Statements, for the six months ended June 30, 2006 and the twelve months ended December 31, 2005 (in each case
including the notes thereto), copies of which have heretofore been furnished to each Lender (via inclusion in the November 2006 Information Memorandum), have been prepared giving effect to the Transactions as set forth in the November 2006
Information Memorandum (as if such events had occurred, in the case of the Pro Forma Balance Sheet, on such date and, in the case of the Pro Forma Income Statements, on the first date of such six- or twelve-month period, as applicable). The Pro
Forma Financial Statements have been prepared in good faith based on assumptions believed by Holdings and the U.S. Borrower to have been reasonable as of the date of delivery thereof (it being understood that such assumptions are based on good faith
estimates of certain items and that the actual amount of such items is subject to change). The Pro Forma Balance Sheet presents fairly in all material respects on a pro forma basis the estimated financial position of the U.S. Borrower and its
consolidated subsidiaries as at June 30, 2006, assuming that the events specified in the second preceding sentence had actually occurred at such date, and the Pro Forma Income Statements present fairly in all material respects on a pro forma
basis the results of operations of U.S. Borrower and its consolidated subsidiaries for such six- or twelve-month period, as applicable, assuming that the events specified in the second preceding sentence had actually occurred on the first day of
such six- or twelve-month period, as applicable. 
 (ii) The financial statements (other than the Pro Forma
Financial Statements) set forth in the Existing Second Secured Notes Offering Memorandum present fairly the financial condition and results of operations of each of the Combined Group, the Canadian Borrower, the U.S. Borrower, RSM and the German
Guarantor, as applicable, as of and on such dates set forth on such financial statements (subject, in the case of interim financial statements, to normal year-end audit adjustments). All such financial statements have been prepared in accordance
with GAAP applied consistently throughout the periods involved (subject to (i) in the case of interim financial statements, normal year-end adjustments, (ii) adjustments, reclassifications and exceptions set forth in the 2005 Transaction
Agreement and the schedules and exhibits thereto and (iii) in the case of interim financial statements, the absence of notes) except as disclosed therein. 
 (b) None of the U.S. Borrower or the Subsidiaries has any material Guarantees, contingent liabilities and liabilities for
taxes, or any long-term leases or unusual forward or long-term commitments, including any interest rate or foreign currency swap or exchange transaction or other obligation in respect of derivatives, that are not reflected in the financial
statements referred to in the preceding clauses (a)(i) and (ii). During the period from December 31, 2005, to and including the Amendment Effective Date there has been no disposition by any of Holdings or any of its subsidiaries of any material
part of its business or property that is not reflected in the financial statements referred to in the preceding clauses (a)(i) and (ii). 
  

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 SECTION 3.06. No Material Adverse Change or Material Adverse Effect.
Since December 31, 2005, there has been no event, development or circumstance that has had or would reasonably be expected to have a Material Adverse Effect. 
 SECTION 3.07. Title to Properties; Possession Under Leases. (a) Each of the U.S. Borrower and the Subsidiaries
has valid fee simple title to, or valid leasehold interests in, or easements or other limited property interests in, all its properties and assets (including all Mortgaged Properties), except for minor defects in title that do not materially
interfere with its ability to conduct its business as currently conducted or to utilize such properties and assets for their intended purposes and except where the failure to have such title, interests or easements could not reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect. All such properties and assets held in fee simple are free and clear of Liens, other than Liens expressly permitted by Section 6.02 or arising by operation of law.

 (b) None of the U.S. Borrower or the Subsidiaries have defaulted under any leases to which it is a party,
except for such defaults as would not reasonably be expected to have a Material Adverse Effect, and all such leases are in full force and effect, except leases in respect of which the failure to be in full force and effect could not reasonably be
expected to have a Material Adverse Effect. Except as set forth on Schedule 3.07(b) to the November 2006 Credit Agreement, each of the U.S. Borrower and each of the Subsidiaries enjoys peaceful and undisturbed possession under all such
leases, other than leases in respect of which the failure to enjoy peaceful and undisturbed possession could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
 (c) Each of the U.S. Borrower and the Subsidiaries owns or possesses, or could obtain ownership or possession of or rights
under, on terms not materially adverse to it, all patents, trademarks, service marks, trade names, copyrights, licenses and rights with respect thereto necessary for the present conduct of its business, without any conflict (of which the U.S.
Borrower has been notified in writing) with the rights of others, and free from any burdensome restrictions on the present conduct of the their businesses, except where such conflicts and restrictions could not reasonably be expected to have,
individually or in the aggregate, a Material Adverse Effect. 
 (d) As of the November 2006 Amendment Effective
Date, none of the U.S. Borrower or the Subsidiaries has received any written notice of any pending or contemplated condemnation proceeding affecting any material portion of the Mortgaged Properties or any sale or disposition thereof in lieu of
condemnation that remains unresolved as of the November 2006 Amendment Effective Date. 
 (e) None of the U.S.
Borrower or the Subsidiaries is obligated on the November 2006 Amendment Effective Date under any right of first refusal, option or other contractual right to sell, assign or otherwise dispose of any Mortgaged Property or any interest therein,
except as permitted under Section 6.02 or 6.05. 
  

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 SECTION 3.08. Subsidiaries. (a) Schedule 3.08(a)
sets forth as of the Amendment Effective Date the name and jurisdiction of incorporation, formation or organization of each subsidiary of Holdings and, as to each such subsidiary, the percentage of each class of Equity Interests owned by Holdings or
by any such subsidiary. 
 (b) As of the Amendment Effective Date, there are no outstanding subscriptions,
options, warrants, calls, rights or other agreements or commitments (other than stock options granted to employees or directors and directors’ qualifying shares) of any nature relating to any Equity Interests of Holdings, any Borrower or any of
the Subsidiaries, except rights of employees to purchase Equity Interests of Holdings in connection with the 2005 Transactions or as set forth on Schedule 3.08(b). 
 (c) As of the Amendment Effective Date, no direct or indirect subsidiary of the U.S. Borrower is an Indenture Restricted
Subsidiary. 
 SECTION 3.09. Litigation; Compliance with Laws. (a) As of the November 2006 Amendment
Effective Date except as set forth on Schedule 3.09 to the November 2006 Credit Agreement, there are no actions, suits or proceedings at law or in equity or, to the knowledge of any Borrower, investigations by or on behalf of any Governmental
Authority or in arbitration now pending, or, to the knowledge of any Borrower, threatened in writing against or affecting Holdings (prior to a Qualified IPO) or any Borrower or any of its subsidiaries or any business, property or rights of any such
person (i) that involve any Loan Document or the Transactions or (ii) as to which an adverse determination is reasonably probable and which, if adversely determined, could reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect or materially adversely affect the Transactions. On the Amendment Effective Date and on the date of any Borrowing after the November 2006 Amendment Effective Date, there are no actions, suits or proceedings at law or in
equity or, to the knowledge of any Borrower, investigations by or on behalf of any Governmental Authority or in arbitration now pending, or, to the knowledge of any Borrower, threatened in writing against or affecting Holdings (prior to a Qualified
IPO) or any Borrower or any of its subsidiaries or any business, property or rights of any such person as to which an adverse determination is reasonably probable and which, if adversely determined, could reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect. 
 (b) None of Holdings (prior to a Qualified IPO), the U.S.
Borrower, the Subsidiaries or their respective properties or assets is in violation of (nor will the continued operation of their material properties and assets as currently conducted violate) any law, rule or regulation (including any zoning,
building, ordinance, code or approval or any building permit, but excluding any Environmental Laws, which are covered by Section 3.16) or any restriction of record or agreement affecting any Mortgaged Property, or is in default with respect to
any judgment, writ, injunction or decree of any Governmental Authority, where such violation or default could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 
  

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 SECTION 3.10. Federal Reserve Regulations. (a) None of Holdings
(prior to a Qualified IPO), the U.S. Borrower or the Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock. 
 (b) No part of the proceeds of any Loan will be used, whether directly or indirectly, and whether immediately, incidentally
or ultimately, (i) to purchase or carry Margin Stock or to extend credit to others for the purpose of purchasing or carrying Margin Stock or to refund indebtedness originally incurred for such purpose, or (ii) for any purpose that entails
a violation of, or that is inconsistent with, the provisions of the Regulations of the Board, including Regulation U or Regulation X. 
 SECTION 3.11. Investment Company Act. None of Holdings (prior to a Qualified IPO), the U.S. Borrower or the Subsidiaries is an “investment company” as defined in, or subject to regulation
under, the Investment Company Act of 1940, as amended. 
 SECTION 3.12. Use of Proceeds. The proceeds of
the Revolving Facility Loans will be used for general corporate purposes (including for Permitted Business Acquisitions). The Borrowers will use the proceeds of the Swingline Loans, and may request the issuance of Letters of Credit, solely for
general corporate purposes (including for the back-up or replacement of existing letters of credit). 
 SECTION
3.13. Tax Returns. Except as would not reasonably be expected to have a Material Adverse Effect and except as set forth on Schedule 3.13 to the November 2006 Credit Agreement: 
 (a) Each of Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries (i) has timely filed or caused
to be timely filed all federal, state, local and non-U.S. Tax returns required to have been filed by it that are material to such companies taken as a whole and each such Tax return is true and correct in all material respects and (ii) has
timely paid or caused to be timely paid all Taxes shown thereon to be due and payable by it and all other material Taxes or assessments, except Taxes or assessments that are being contested in good faith by appropriate proceedings in accordance with
Section 5.03 and for which Holdings (prior to a Qualified IPO), the U.S. Borrower or any of the Subsidiaries (as the case may be) has set aside on its books adequate reserves in accordance with GAAP; 
 (b) Each of Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries has paid in full or made adequate
provision (in accordance with GAAP) for the payment of all Taxes due with respect to all periods or portions thereof ending on or before the November 2006

  

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Amendment Effective Date (except Taxes or assessments that are being contested in good faith by appropriate proceedings in accordance with Section 5.03 and for which Holdings, the U.S.
Borrower or any of the Subsidiaries (as the case may be) has set aside on its books adequate reserves in accordance with GAAP); and 
 (c) as of the November 2006 Amendment Effective Date, with respect to each of Holdings, the U.S. Borrower and the Subsidiaries, (i) there are no claims being asserted in writing with respect to any
Taxes, (ii) no presently effective waivers or extensions of statutes of limitations with respect to Taxes have been given or requested and (iii) no Tax returns are being examined by, and no written notification of intention to examine has
been received from, the Internal Revenue Service or any other Taxing Authority. 
 SECTION 3.14. No Material
Misstatements. (a) All written information (other than the Projections, estimates and information of a general economic nature or general industry nature) (the “Information”) concerning Holdings, the U.S. Borrower, the
Subsidiaries, the Transactions and any other transactions contemplated hereby included in the Information Memorandum or otherwise prepared by or on behalf of the foregoing or their representatives and made available to any Lenders or the
Administrative Agent in connection with the Transactions or the other transactions contemplated hereby, when taken as a whole, was true and correct in all material respects, as of the date such Information was furnished to the Lenders and as of the
Amendment Effective Date and did not, taken as a whole, contain any untrue statement of a material fact as of any such date or omit to state a material fact necessary in order to make the statements contained therein, taken as a whole, not
materially misleading in light of the circumstances under which such statements were made. 
 (b) Any Projections
and estimates and information of a general economic nature prepared by or on behalf of the U.S. Borrower or any of its representatives and that have been made available to any Lenders or the Administrative Agent in connection with the Transactions
or the other transactions contemplated hereby (i) have been prepared in good faith based upon assumptions believed by the U.S. Borrower to be reasonable as of the date thereof (it being understood that actual results may vary materially from
the Projections), as of the date such Projections and estimates were furnished to the Initial Lenders and as of the Amendment Effective Date, and (ii) as of the Amendment Effective Date, have not been modified in any material respect by the
U.S. Borrower. 
 SECTION 3.15. Employee Benefit Plans. (a) Except as disclosed on Schedule 3.15 to
the November 2006 Credit Agreement and except as to matters that could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect: (i) each of Holdings (prior to a Qualified IPO), the U.S. Borrower, the
Subsidiaries and the ERISA Affiliates is in compliance with the applicable provisions of ERISA and the provisions of the Code relating to Plans and the regulations and published interpretations

  

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thereunder and any similar applicable law; (ii) no Reportable Event has occurred during the past five years as to which Holdings (prior to a Qualified IPO), the U.S. Borrower, a Subsidiary
or any ERISA Affiliate was required to file a report with the PBGC, other than reports that have been filed; (iii) the present value of all benefit liabilities under each Plan of Holdings (prior to a Qualified IPO), the U.S. Borrower, the
Subsidiaries and the ERISA Affiliates (based on those assumptions used to fund such Plan), as of the last annual valuation date applicable thereto for which a valuation is available, does not exceed the value of the assets of such Plan, and the
present value of all benefit liabilities of all underfunded Plans (based on those assumptions used to fund each such Plan), as of the last annual valuation dates applicable thereto for which valuations are available, does not exceed the value of the
assets of all such underfunded Plans; (iv) no ERISA Event has occurred or is reasonably expected to occur; and (v) none of Holdings (prior to a Qualified IPO), the U.S. Borrower, the Subsidiaries or the ERISA Affiliates has received any
written notification that any Multiemployer Plan is in reorganization or has been terminated within the meaning of Title IV of ERISA, or has knowledge that any Multiemployer Plan is reasonably expected to be in reorganization or to be terminated.

 (b) Each of Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries is in compliance
(i) with all applicable provisions of law and all applicable regulations and published interpretations thereunder with respect to any employee pension benefit plan or other employee benefit plan governed by the laws of a jurisdiction other than
the United States and (ii) with the terms of any such plan, except, in each case, for such noncompliance that could not reasonably be expected to have a Material Adverse Effect. 
 (c) None of Holdings (prior to a Qualified IPO), the U.S. Borrower or any of the Subsidiaries is or has at any time been an
employer (for the purposes of sections 38 to 51 of the Pensions Act 2004) of an occupational pension scheme that is not a money purchase scheme (both terms as defined in the Pension Schemes Act 1993), and none of Holdings (prior to a
Qualified IPO), the U.S. Borrower or any of the Subsidiaries is or has at any time been “connected” with or an “associate” of (as those terms are used in sections 39 and 43 of the Pensions Act 2004) such an employer, other than
any such scheme, connection or association that could not reasonably be expected to have a Material Adverse Effect. 
 SECTION 3.16. Environmental Matters. Except as disclosed on Schedule 3.16 to the November 2006 Credit Agreement and except as to matters that could not reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect (i) no written notice, request for information, order, complaint or penalty has been received by the U.S. Borrower or any of the Subsidiaries, and there are no judicial, administrative or other actions, suits or
proceedings pending or, to the knowledge of Holdings (prior to a Qualified IPO), the U.S. Borrower or any of the Subsidiaries, threatened, that allege a violation of or liability under any Environmental Laws, in each case relating to the U.S.
Borrower or any of the Subsidiaries, (ii) each of the U.S. Borrower and the Subsidiaries has obtained and maintained all permits, licenses and other approvals

  

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necessary for its operations to comply with all Environmental Laws and is, and during the term of all applicable statutes of limitation, has been, in compliance with the terms of such permits,
licenses and other approvals and with all other Environmental Laws, (iii) there has been no material written environmental assessment or audit conducted since January 1, 2002, by the U.S. Borrower or any of the Subsidiaries of any property
currently owned or leased by the U.S. Borrower or any of the Subsidiaries that has not been made available to the Administrative Agent prior to the date hereof, (iv) to the knowledge of Holdings (prior to a Qualified IPO), the U.S. Borrower or
any of the Subsidiaries, no Hazardous Material is located at, on or under any property currently or, to the knowledge of any Borrower, formerly owned, operated or leased by the U.S. Borrower or any of its Subsidiaries that would reasonably be
expected to give rise to any cost, liability or obligation of the U.S. Borrower or any of the Subsidiaries under any Environmental Laws, and no Hazardous Material has been generated, owned, treated, stored, handled or controlled by the U.S. Borrower
or any of its Subsidiaries and transported to or Released at any location in a manner that would reasonably be expected to give rise to any cost, liability or obligation of the U.S. Borrower or any of the Subsidiaries under any Environmental Laws,
and (v) there are no written agreements in which the U.S. Borrower or any of the Subsidiaries has expressly assumed or undertaken responsibility, and such assumption or undertaking of responsibility has not expired or otherwise terminated, for
any known or reasonably likely liability or obligation of any other person arising under or relating to Environmental Laws, which in any such case has not been made available to the Administrative Agent prior to the date hereof. 
 SECTION 3.17. Security Documents. (a) The Collateral Agreement is effective to create in favor of the
Administrative Agent (for the benefit of the Secured Parties) a legal, valid and enforceable security interest in the Collateral described therein and proceeds thereof to the extent intended to be created thereby. In the case of the Pledged
Collateral described in the Collateral Agreement, when certificates or promissory notes, as applicable, representing such Pledged Collateral are delivered to the Administrative Agent, and in the case of the other Collateral described in the
Collateral Agreement (other than the Intellectual Property (as defined in the Collateral Agreement)), when financing statements and other filings specified on Schedule 6 of the Perfection Certificate with respect to the U.S. Borrower in
appropriate form are filed in the offices specified on Schedule 6 of the Perfection Certificate with respect to the U.S. Borrower, the Administrative Agent (for the benefit of the Secured Parties) shall have a fully perfected Lien on,
and security interest in (to the extent required thereby), all right, title and interest of the Loan Parties in such Collateral and, subject to Section 9-315 of the New York Uniform Commercial Code, the proceeds thereof, as security for the
Obligations to the extent perfection can be obtained by filing Uniform Commercial Code financing statements, in each case prior and superior in right to any other person (except, in the case of Collateral other than Pledged Collateral, Liens
permitted by Section 6.02 and Liens having priority by operation of law). 
  

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 (b) [reserved]. 
 (c) [reserved]. 
 (d) When the Collateral Agreement or a summary thereof is properly filed in the United States Patent and Trademark Office and the United States Copyright Office, and, with respect to Collateral in which a
security interest cannot be perfected by such filings, upon the proper filing of the financing statements referred to in paragraph (a) above, the Administrative Agent (for the benefit of the Secured Parties) shall have a fully perfected Lien
on, and security interest in, all right, title and interest of the Loan Parties thereunder in the domestic Intellectual Property (to the extent intended to be created thereby), in each case prior and superior in right to any other person (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 and patents, trademark and patent applications and registered
copyrights acquired by the grantors thereunder after the Closing Date) except Liens permitted by Section 6.02 and Liens having priority by operation of Law. 
 (e) [reserved]. 
 (f) Each Foreign Pledge Agreement is effective to create in favor of the Administrative Agent, for the benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral
described therein and proceeds thereof to the fullest extent permissible under applicable law. In the case of the Pledged Collateral described in a Foreign Pledge Agreement, when certificates representing such Pledged Collateral (if any) are
delivered to the Administrative Agent, the Administrative Agent shall have a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for
(i) in the case of Pledged Collateral owned by Domestic Loan Parties, the Obligations and (ii) in the case of Pledged Collateral owned by Foreign Subsidiary Loan Parties, all Obligations of Foreign Subsidiary Loan Parties, in each case
(subject to Section 6.02) prior and superior in right to any other person and, in respect of Foreign Security Documents only, subject to (A) registration of undisclosed pledges and, where applicable, pledges of tangible assets with the
governmental tax authorities, (B) recordation of notarial share pledges in the relevant shareholders registers, (C) execution and recordation of notarial mortgages in the relevant land registries, (D) recordation of intellectual
property pledges with the relevant intellectual property registers and (E) notification of debtors of certain receivables. 
 (g) [reserved]. 
 (h) The Mortgages executed and delivered on the
Closing Date are, and the Mortgages executed and delivered after the Closing Date pursuant to Section 5.10 shall be, effective to create in favor of the Administrative Agent (for the benefit of the Secured Parties) a legal, valid and
enforceable Lien on all of the Loan Parties’ right, title and interest in and to the Mortgaged Property thereunder and the proceeds thereof, and when such Mortgages are filed or recorded in the proper real estate filing or recording offices,
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Lien on, and security interest in, all right, title and interest of the Loan Parties in such Mortgaged Property and, to the extent applicable, subject to Section 9-315 of the Uniform
Commercial Code, the proceeds thereof, in each case prior and superior in right to any other person, other than with respect to the rights of a person pursuant to Liens permitted by Section 6.02 and Liens having priority by operation of law.

 (i) After taking the actions specified for perfection therein, each Security Document (excluding the
Collateral Agreement, the Foreign Pledge Agreements, and the Mortgages, each of which is covered by another paragraph of this Section 3.17), when executed and delivered, will be effective under applicable law to create in favor of the
Administrative Agent (for the benefit of the Secured Parties) a legal, valid and enforceable security interest in the Collateral subject thereto (to the extent intended to be created thereby), and will constitute a fully perfected Lien on and
security interest in all right, title and interest of the Loan Parties in the Collateral subject thereto (to extent required thereby), prior and superior to the rights of any other person, except for rights secured by Liens permitted by
Section 6.02 and Liens having priority by operation of law. 
 (j) Notwithstanding anything herein
(including this Section 3.17) or in any other Loan Document to the contrary, other than to the extent set forth in the applicable Foreign Pledge Agreements, no Borrower or any other Loan Party makes any representation or warranty as to the
effects of perfection or non-perfection, the priority or the enforceability of any pledge of or security interest in any Equity Interests of any Foreign Subsidiary that is not a Loan Party, or as to the rights and remedies of the Agents or any
Lender with respect thereto, under foreign law. 
 SECTION 3.18. Location of Real Property. The Perfection
Certificate lists completely and correctly as of the Amendment Effective Date all material real property owned by Holdings, the U.S. Borrower and the Subsidiary Loan Parties and the addresses thereof. As of the Closing Date, Holdings, the U.S.
Borrower and the Subsidiary Loan Parties own in fee all the real property set forth as being owned by them on such Schedules. 
 SECTION 3.19. Solvency. (a) Immediately after giving effect to the Transactions, (i) the fair value of the assets of each Borrower (individually) and Holdings, the U.S. Borrower and the
Subsidiaries on a consolidated basis, at a fair valuation, will exceed the debts and liabilities, direct, subordinated, contingent or otherwise, of each Borrower (individually) and Holdings, the U.S. Borrower and the Subsidiaries on a consolidated
basis, respectively; (ii) the present fair saleable value of the property of each Borrower (individually) and Holdings, the U.S. Borrower and the Subsidiaries on a consolidated basis will be greater than the amount that will be required to pay
the probable liability of each Borrower (individually) and Holdings, the U.S. Borrower and the Subsidiaries on a consolidated basis, respectively, on their debts and other liabilities, direct, subordinated, contingent or otherwise, as such debts and
other liabilities become absolute and matured; (iii) each Borrower (individually) and Holdings, the U.S. Borrower and the Subsidiaries on a consolidated basis will be able to pay their debts and liabilities, direct, subordinated, contingent or
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and liabilities become absolute and matured; and (iv) each Borrower (individually) and Holdings, the U.S. Borrower and the Subsidiaries on a consolidated basis will not have unreasonably
small capital with which to conduct the businesses in which they are engaged as such businesses are now conducted and are proposed to be conducted following the Amendment Effective Date. 
 (b) None of Holdings (prior to a Qualified IPO) or any Borrower intends to, or believes that it or any Subsidiary Loan Party
will, incur debts beyond its ability to pay such debts as they mature, taking into account the timing and amounts of cash to be received by it or any such Subsidiary Loan Party and the timing and amounts of cash to be payable on or in respect of its
Indebtedness or the Indebtedness of any such Subsidiary Loan Party. 
 SECTION 3.20. Labor Matters. Except
as, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect: (a) there are no strikes or other labor disputes pending or threatened against Holdings (prior to a Qualified IPO), the U.S. Borrower or
any of the Subsidiaries; (b) the hours worked and payments made to employees of Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable law
dealing with such matters; (c) all payments due from Holdings (prior to a Qualified IPO), the U.S. Borrower or any of the Subsidiaries or for which any claim may be made against Holdings (prior to a Qualified IPO), the U.S. Borrower or any of
the Subsidiaries, 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 Holdings (prior to a Qualified IPO), the U.S. Borrower or such Subsidiary to the extent
required by GAAP; and (d) Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries are in compliance with all applicable laws, agreements, policies, plans and programs relating to employment and employment practices. Except
as would not reasonably be expected to have a Material Adverse Effect and except as set forth on Schedule 3.20 to the November 2006 Credit Agreement, consummation of the Transactions will not give rise to a right of termination or right
of renegotiation on the part of any union under any collective bargaining agreement to which Holdings (prior to a Qualified IPO), the U.S. Borrower or any of the Subsidiaries (or any predecessor) is a party or by which Holdings (prior to a Qualified
IPO), the U.S. Borrower or any of the Subsidiaries (or any predecessor) is bound. 
 SECTION 3.21.
Insurance. Schedule 3.21 sets forth a true, complete and correct description of all material insurance maintained by or on behalf of Holdings, the U.S. Borrower or the Subsidiaries as of the Amendment Effective Date. As of such
date, such insurance is in full force and effect. The U.S. Borrower believes that the insurance maintained by or on behalf of Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries is adequate. 
 SECTION 3.22. [reserved]. 
  

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 SECTION 3.23. First-Lien Indebtedness. The Obligations (other than
Obligations in respect of the Tranche C-2A Term Loans, Tranche C-2B Term Loans, the Tranche C-5A Term Loans, the Tranche C-5B Term Loans, the Tranche C-6A Term Loans, the Tranche C-6B Term Loans, the Tranche C-7A Term Loans and the Tranche C-7B Term
Loans) constitute (i) “First-Lien Indebtedness” (or the equivalent thereof) under and as defined in the Existing Second Lien Intercreditor Agreement, the New 1-1/2 Lien Intercreditor Agreement and each other Intercreditor Agreement
entered into by the Administrative Agent and a representative of the holders of Indebtedness secured by Liens pursuant to Section 6.02(w) or Section 6.02(ii)(x)(A) or (y) and (ii) “First-Priority Lien Obligations” (or
the equivalent thereof) under the Existing Second Secured Notes Documents and the New 1-1/2 Lien Notes Documents and with respect to any Permitted Refinancing Indebtedness with respect to the Existing Second Secured Notes or the New 1-1/2 Lien
Notes, and with respect to any Indebtedness secured by Liens pursuant to Section 6.02(w) or Section 6.02(ii)(x)(A). 
 SECTION 3.24. Dutch Banking Act. The Dutch Borrower is in compliance with the applicable provisions of the Dutch Financial Supervisory Act. 
 ARTICLE IV 
 Conditions of Lending 
 The obligations of (a) the Lenders (including the Swingline Lender) to make Loans, accept and purchase or arrange for the acceptance
and purchase of B/As and fund Tranche C-3 Credit-Linked Deposits and (b) any Issuing Bank to issue, amend, extend or renew Letters of Credit or increase the stated amounts of Letters of Credit hereunder (each, a “Credit Event”)
are subject to the satisfaction of the following conditions on the date of any such Borrowing or B/A Drawing or on the date of any such issuance, amendment, extension or renewal of a Letter of Credit, as the case may be: 
 (a) The Administrative Agent shall have received, in the case of a Borrowing, a Borrowing Request as required by
Section 2.03 (or a Borrowing Request shall have been deemed given in accordance with the last paragraph of Section 2.03) or, in the case of a B/A, a request therefor as required by Section 2.06(c) or, in the case of the issuance,
amendment, extension or renewal of a Letter of Credit, the applicable Issuing Bank and the Administrative Agent shall have received a notice requesting the issuance, amendment, extension or renewal of such Letter of Credit as required by
Section 2.05(b). 
 (b) The representations and warranties set forth in the Loan Documents shall be true
and correct in all material respects, in each case on and as of the date of such Borrowing, B/A Drawing or issuance, amendment, extension or renewal of a Letter of Credit (other than an amendment,

  

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extension or renewal of a Letter of Credit without any (i) increase in the stated amount of such Letter of Credit or (ii) extension of the expiration of such Letter of Credit), as
applicable, with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all
material respects, as of such earlier date). 
 (c) At the time of and immediately after such Borrowing, B/A
Drawing or issuance, amendment, extension or renewal of a Letter of Credit (other than an amendment, extension or renewal of a Letter of Credit without any (i) increase in the stated amount of such Letter of Credit or (ii) extension of the
expiration of such Letter of Credit), as applicable, no Event of Default or Default shall have occurred and be continuing. 
 Each Borrowing and B/A Drawing and each issuance, amendment, extension or renewal of a Letter of Credit (other than an amendment, extension or renewal of a Letter of Credit without any (i) increase in the stated amount of such Letter
of Credit or (ii) extension of the expiration of such Letter of Credit) shall be deemed to constitute a representation and warranty by each of the Borrowers on the date of such Borrowing, issuance, amendment, extension or renewal as applicable,
as to the matters specified in paragraphs (b) and (c) of Article IV. 
 ARTICLE V 
 Affirmative Covenants 
 Each Borrower covenants and agrees with each Lender that so long as this Agreement shall remain in effect (other than in respect of contingent indemnification and expense reimbursement obligations for
which no claim has been made) and until the Commitments have been terminated and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable under any Loan Document shall have been paid in full and all Letters of
Credit have been canceled or have expired and all amounts drawn thereunder have been reimbursed in full, unless the Required Lenders shall otherwise consent in writing, each Borrower will, and will cause each of the Material Subsidiaries to:

 SECTION 5.01. Existence; Businesses and Properties. (a) Do or cause to be done all things
necessary to preserve, renew and keep in full force and effect its legal existence, (i) except as otherwise expressly permitted under Section 6.05, (ii) except for the liquidation or dissolution of Subsidiaries if the assets of such
Subsidiaries to the extent they exceed estimated liabilities are acquired by the U.S. Borrower or a Wholly Owned Subsidiary of the U.S. Borrower in such liquidation or dissolution; provided that Subsidiaries that are Loan Parties may not be
liquidated into Subsidiaries that are not Loan Parties, and (iii) except (other than with respect to the Borrowers) where the failure to do so would not reasonably be expected to have a Material Adverse Effect. 
  

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 (b) Except where the failure to do so would not reasonably be expected to
have a Material Adverse Effect, do or cause to be done all things necessary to (i) obtain, preserve, renew, extend and keep in full force and effect the permits, franchises, authorizations, patents, trademarks, service marks, trade names,
copyrights, licenses and rights with respect thereto necessary to the normal conduct of its business, (ii) comply in all material respects with all material applicable laws, rules, regulations (including any zoning, building, ordinance, code or
approval or any building permits or any restrictions of record or agreements affecting the Mortgaged Properties) and judgments, writs, injunctions, decrees and orders of any Governmental Authority, whether now in effect or hereafter enacted, and
(iii) at all times maintain and preserve all material property necessary to the normal conduct of its business and keep such property in good repair, working order and condition and from time to time make, or cause to be made, all needful and
proper repairs, renewals, additions, improvements and replacements thereto necessary in order that the business carried on in connection therewith, if any, may be properly conducted at all times (in each case except as expressly permitted by this
Agreement). 
 SECTION 5.02. Insurance. (a) Maintain, with financially sound and reputable insurance
companies, insurance in such amounts and against such risks as are customarily maintained by similarly situated companies engaged in the same or similar businesses operating in the same or similar locations and, with respect to the Collateral of the
Domestic Loan Parties, and, with respect to the Collateral of the Foreign Subsidiary Loan Parties, to the extent such concept or a concept comparable thereto exists in the relevant jurisdiction of any Foreign Subsidiary Loan Party, cause all such
property and property casualty insurance policies to be endorsed or otherwise amended to include a “standard” or “New York” lender’s loss payable endorsement (or comparable provision applicable in the relevant foreign
jurisdiction), in form and substance reasonably satisfactory to the Administrative Agent. 
 (b) In connection with the
covenants set forth in this Section 5.02, it is understood and agreed that: 
 (i) none of the
Administrative Agent, the Lenders, any Issuing Bank and their respective agents or employees shall be liable for any loss or damage insured by the insurance policies required to be maintained under this Section 5.02, it being understood that
(a) the Loan Parties shall look solely to their insurance companies or any other parties other than the aforesaid parties for the recovery of such loss or damage and (b) such insurance companies shall have no rights of subrogation against
the Administrative Agent, the Lenders, any Issuing Bank or their agents or employees. If, however, the insurance policies do not provide waiver of subrogation rights against such parties, as required above, then each Borrower hereby agrees, to the
extent permitted by law, to waive, and to cause each of their Subsidiaries to waive, its right of recovery, if any, against the Administrative Agent, the Lenders, any Issuing Bank and their agents and employees; and 
 (ii) the designation of any form, type or amount of insurance coverage by the Administrative Agent under this
Section 5.02 shall in no event be deemed a

  

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representation, warranty or advice by the Administrative Agent or the Lenders that such insurance is adequate for the purposes of the business of Holdings (prior to a Qualified IPO), the U.S.
Borrower and the Subsidiaries or the protection of their properties. 
 SECTION 5.03. Taxes. Pay and
discharge promptly when due all material Taxes imposed upon it or upon its income or profits or in respect of its property, before the same shall become delinquent or in default, as well as all lawful claims that, if unpaid, might give rise to a
Lien upon such properties or any part thereof; provided, however, that such payment and discharge shall not be required with respect to any such Tax so long as the validity or amount thereof shall be contested in good faith by
appropriate proceedings, and the U.S. Borrower or the affected Subsidiary, as applicable, shall have set aside on its books adequate reserves in accordance with GAAP with respect thereto. 
 SECTION 5.04. Financial Statements, Reports, etc. Furnish to the Administrative Agent (which will promptly furnish
such information to the Lenders): 
 (a) within 90 days (or, if applicable, such shorter period as the SEC shall
specify for the filing of Annual Reports on Form 10-K or, if applicable, such longer period permitted under Rule 12b-25 under the Exchange Act) after the end of each fiscal year, (i) a consolidated balance sheet and related statements
of operations, cash flows and owners’ equity showing the financial position of the U.S. Borrower and its subsidiaries as of the close of such fiscal year and the consolidated results of its operations during such year and setting forth in
comparative form the corresponding figures for the prior fiscal year and (ii) management’s discussion and analysis of significant operational and financial developments during such fiscal year, which consolidated balance sheet and related
statements of operations, cash flows and owners’ equity shall be audited by independent public accountants of recognized national standing and accompanied by an opinion of such accountants (which shall not be qualified in any material respect)
to the effect that such consolidated financial statements fairly present, in all material respects, the financial position and results of operations of the U.S. Borrower and its subsidiaries on a consolidated basis in accordance with GAAP (it being
understood that the delivery by the U.S. Borrower of Annual Reports on Form 10-K of the U.S. Borrower and its consolidated subsidiaries shall satisfy the requirements of this Section 5.04(a) to the extent such Annual Reports include the
information specified herein); 
 (b) within 45 days (or, if applicable, such shorter period as the SEC shall
specify for the filing of Quarterly Reports on Form 10-Q or, if applicable, such longer period permitted under Rule 12b-25 under the Exchange Act) after the end of each of the first three fiscal quarters of each fiscal year, (i) a
consolidated balance sheet and related statements of operations and cash flows showing the financial position of the U.S. Borrower and its subsidiaries as of the close of such fiscal quarter and the

  

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consolidated results of its operations during such fiscal quarter and the then-elapsed portion of the fiscal year and setting forth in comparative form the corresponding figures for the
corresponding periods of the prior fiscal year and (ii) management’s discussion and analysis of significant operational and financial developments during such quarterly period, all of which shall be in reasonable detail and which
consolidated balance sheet and related statements of operations and cash flows shall be certified by a Financial Officer of the U.S. Borrower on behalf of the U.S. Borrower as fairly presenting, in all material respects, the financial position and
results of operations of the U.S. Borrower and its subsidiaries on a consolidated basis in accordance with GAAP (subject to normal year-end audit adjustments and the absence of footnotes) (it being understood that the delivery by the U.S. Borrower
of Quarterly Reports on Form 10-Q of the U.S. Borrower and its consolidated subsidiaries shall satisfy the requirements of this Section 5.04(b) to the extent such Quarterly Reports include the information specified herein);

 (c) (x) concurrently with any delivery of financial statements under paragraph (a) or
(b) above, a certificate of a Financial Officer of the U.S. Borrower (i) certifying that no Event of Default or Default has occurred or, if such an Event of Default or Default has occurred, specifying the nature and extent thereof and any
corrective action taken or proposed to be taken with respect thereto, (ii) setting forth computations of the Consolidated Leverage Ratio in reasonable detail as of the end of the applicable fiscal period and (iii) setting forth
computations in reasonable detail demonstrating compliance with the covenant contained in Section 6.11 and (y) concurrently with any delivery of financial statements under paragraph (a) above, if the accounting firm agrees to provide
such report after the U.S. Borrower’s commercially reasonable efforts to obtain such report, a report of the accounting firm opining on or certifying such statements stating whether they obtained knowledge during the course of their examination
of such statements of any Default or Event of Default resulting from non-compliance with the covenant contained in Section 6.11 (which certificate may be limited to accounting matters and disclaims responsibility for legal interpretations);

 (d) promptly after the same become publicly available, copies of all periodic and other publicly available
reports, proxy statements and, to the extent requested by the Administrative Agent, other materials filed by Holdings (prior to a Qualified IPO), the U.S. Borrower or any of its subsidiaries with the SEC, or after an initial public offering,
distributed to its stockholders generally, as applicable; provided, however, that such reports, proxy statements, filings and other materials required to be delivered pursuant to this clause (d) shall be deemed delivered for purposes of this
Agreement when posted to the website of the U.S. Borrower; 
  

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 (e) if, as a result of any change in accounting principles and policies
from those as in effect on the November 2006 Amendment Effective Date, the consolidated financial statements of the U.S. Borrower and its subsidiaries delivered pursuant to paragraph (a) or (b) above will differ in any material respect
from the consolidated financial statements that would have been delivered pursuant to such clauses had no such change in accounting principles and policies been made, then, together with the first delivery of financial statements pursuant to
paragraph (a) and (b) above following such change, a schedule prepared by a Financial Officer on behalf of the U.S. Borrower reconciling such changes to what the financial statements would have been without such changes; 
 (f) within 90 days after the beginning of each fiscal year, a detailed consolidated quarterly budget for such fiscal year
and, as soon as available, significant revisions, if any, of such budget and quarterly projections with respect to such fiscal year, including a description of underlying assumptions with respect thereto (collectively, the
“Budget”); 
 (g) [reserved]; 
 (h) upon the reasonable request of the Administrative Agent, deliver an updated Perfection Certificate (or, to the extent
such request relates to specified information contained in the Perfection Certificate, such information) reflecting all changes since the date of the information most recently received pursuant to this paragraph (h) or Section 5.10(f);

 (i) promptly, a copy of all reports submitted to the Board of Directors (or any committee thereof) of any of
the U.S. Borrower or any Subsidiary in connection with any material interim or special audit made by independent accountants of the books of the U.S. Borrower or any Subsidiary; 
 (j) promptly, from time to time, such other information regarding the operations, business affairs and financial condition
of Holdings (prior to a Qualified IPO), the U.S. Borrower or any of its subsidiaries, or compliance with the terms of any Loan Document, or such consolidating financial statements, as in each case the Administrative Agent may reasonably request (for
itself or on behalf of any Lender); and 
 (k) promptly upon request by the Administrative Agent, copies of:
(i) each Schedule B (Actuarial Information) to the most recent annual report (Form 5500 Series) filed with the Internal Revenue Service with respect to a Plan; (ii) the most recent actuarial valuation report for any Plan;
(iii) all notices received from a Multiemployer Plan sponsor, a plan administrator or any governmental agency, or provided to any Multiemployer Plan by Holdings (prior to a Qualified IPO), the U.S. Borrower, a Subsidiary or any ERISA Affiliate,
concerning an ERISA Event; and (iv) such other documents or governmental reports or filings relating to any Plan or Multiemployer Plan as the Administrative Agent shall reasonably request. 
  

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 SECTION 5.05. Litigation and Other Notices. Furnish to the
Administrative Agent written notice of the following promptly after any Responsible Officer of Holdings (prior to a Qualified IPO) or any Borrower obtains actual knowledge thereof: 
 (a) any Event of Default or Default, specifying the nature and extent thereof and the corrective action (if any) proposed to
be taken with respect thereto; 
 (b) the filing or commencement of, or any written threat or notice of
intention of any person to file or commence, any action, suit or proceeding, whether at law or in equity or by or before any Governmental Authority or in arbitration, against Holdings (prior to a Qualified IPO), the U.S. Borrower or any of its
subsidiaries as to which an adverse determination is reasonably probable and that, if adversely determined, would reasonably be expected to have a Material Adverse Effect; 
 (c) any other development specific to Holdings (prior to a Qualified IPO), the U.S. Borrower or any of its subsidiaries that
is not a matter of general public knowledge and that has had, or would reasonably be expected to have, a Material Adverse Effect; and 
 (d) the development of any ERISA Event that, together with all other ERISA Events that have developed or occurred, could reasonably be expected to have a Material Adverse Effect. 
 SECTION 5.06. Compliance with Laws. Comply with all laws, rules, regulations and orders of any Governmental Authority
applicable to it or its property, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect; provided that this Section 5.06 shall not apply to Environmental Laws, which are the subject of
Section 5.09, or to laws related to Taxes, which are the subject of Section 5.03. 
 SECTION 5.07.
Maintaining Records; Access to Properties and Inspections. Maintain all financial records in accordance with GAAP and permit any persons designated by the Administrative Agent or, upon the occurrence and during the continuance of an Event of
Default, any Lender to visit and inspect the financial records and the properties of Holdings (prior to a Qualified IPO), any Borrower or any of the Subsidiaries at reasonable times, upon reasonable prior notice to Holdings (prior to a Qualified
IPO) or such Borrower, and as often as reasonably requested and to make extracts from and copies of such financial records, and permit any persons designated by the Administrative Agent or, upon the occurrence and during the continuance of an Event
of Default, any Lender upon reasonable prior notice to Holdings (prior to a Qualified IPO) or such

  

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Borrower to discuss the affairs, finances and condition of Holdings (prior to a Qualified IPO), any Borrower or any of the Subsidiaries with the officers thereof and independent accountants
therefor (subject to reasonable requirements of confidentiality, including requirements imposed by law or by contract). 
 SECTION 5.08. Use of Proceeds. Use the proceeds of the Loans in the manner set forth in Section 3.12. 
 SECTION 5.09. Compliance with Environmental Laws. Comply with all Environmental Laws applicable to its operations and properties; and comply with and obtain and renew all material permits, licenses
and other approvals required pursuant to Environmental Law for its operations and properties, except, in each case with respect to this Section 5.09, to the extent the failure to do so could not reasonably be expected to have, individually or
in the aggregate, a Material Adverse Effect. 
 SECTION 5.10. Further Assurances; Additional Mortgages.
(a) Execute any and all further documents, financing statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements, fixture filings, Mortgages and other documents and
recordings of Liens in stock registries), that may be required under any applicable law, or that the Administrative Agent may reasonably request, to cause the Collateral and Guarantee Requirement to be and remain satisfied, all at the expense of the
Loan Parties, and provide to the Administrative Agent, from time to time upon reasonable request, evidence reasonably satisfactory to the Administrative Agent as to the perfection and priority of the Liens created or intended to be created by the
Security Documents. 
 (b) If any asset (other than real property, which is covered by Section 5.10(c)
below) that has an individual fair market value in an amount greater than $15.0 million is acquired by Holdings (prior to a Qualified IPO), any Borrower or any other Loan Party after the Amendment Effective Date or owned by an entity at the
time it becomes a Subsidiary Loan Party (in each case other than assets constituting Collateral under a Security Document that become subject to the Lien of such Security Document upon acquisition thereof and other than assets that (i) are
subject to secured financing arrangements containing restrictions permitted by Section 6.09(c) pursuant to which a Lien on such assets securing the Obligations is not permitted or (ii) are not required to become subject to the Liens of the
Administrative Agent pursuant to Section 5.10(g) or the Security Documents), cause such asset to be subjected to a Lien securing the Obligations and take, and cause the Subsidiary Loan Parties to take, such actions as shall be necessary or
reasonably requested by the Administrative Agent to grant and perfect such Liens, including actions described in paragraph (a) of this Section, all at the expense of the Loan Parties, and all subject to paragraph (g) below. 
 (c) Promptly notify the Administrative Agent of the acquisition of, and, upon the written request of the Administrative
Agent, grant and cause each of the Subsidiary Loan Parties to grant to the Administrative Agent security interests and

  

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mortgages in, such real property of the U.S. Borrower or any such Subsidiary Loan Parties as are not covered by the original Mortgages (other than assets that (i) are subject to permitted
secured financing arrangements containing restrictions permitted by Section 6.09(c) pursuant to which a Lien on such assets securing the Obligations is not permitted or (ii) are not required to become subject to the Liens of the
Administrative Agent pursuant to Section 5.10(g) or the Security Documents), to the extent acquired after the Amendment Effective Date and having a value at the time of acquisition in excess of $15.0 million pursuant to documentation in
such form as is reasonably satisfactory to the Administrative Agent (each, an “Additional Mortgage”) and constituting valid and enforceable perfected Liens superior to and prior to the rights of all third persons subject to no other
Liens except as are permitted by Section 6.02 or arising by operation of law, at the time of perfection thereof, record or file, and cause each such Subsidiary to record or file, the Additional Mortgage or instruments related thereto in such
manner and in such places as is required by law to establish, perfect, preserve and protect the Liens in favor of the Administrative Agent required to be granted pursuant to the Additional Mortgages and pay, and cause each such Subsidiary to pay, in
full, all Taxes, fees and other charges payable in connection therewith, in each case subject to paragraph (g) below. Unless otherwise waived by the Administrative Agent, with respect to each such Additional Mortgage, the U.S. Borrower shall
deliver to the Administrative Agent contemporaneously therewith a title insurance policy and a survey meeting the requirements of subsection (g) of the definition of the term “Collateral and Guarantee Requirement” if reasonably
available with respect to property outside the United States. 
 (d) If any newly formed or acquired or any
existing direct or indirect Subsidiary of Holdings (prior to a Qualified IPO) or the U.S. Borrower (with any Subsidiary Redesignation resulting in an Unrestricted Subsidiary becoming a Subsidiary being deemed to constitute the acquisition of a
Subsidiary) becomes a Subsidiary Loan Party, within fifteen Business Days after the date such Subsidiary becomes a Subsidiary Loan Party, notify the Administrative Agent and the Lenders thereof and, within 30 Business Days after the date such
Subsidiary becomes a Subsidiary Loan Party or such longer period as the Administrative Agent shall agree, cause the Collateral and Guarantee Requirement to be satisfied with respect to such Subsidiary and with respect to any Equity Interest in or
Indebtedness of such Subsidiary owned by or on behalf of any Loan Party, subject to Section 5.10(g). 
 (e)
If any newly formed or acquired or any existing Foreign Subsidiary of Holdings (prior to a Qualified IPO) or the U.S. Borrower (with any Subsidiary Redesignation resulting in an Unrestricted Subsidiary becoming a Subsidiary being deemed to
constitute the acquisition of a Subsidiary) becomes a “first tier” Material Foreign Subsidiary of any Loan Party, within fifteen Business Days after the date such Subsidiary becomes a Material Foreign Subsidiary, notify the Administrative
Agent and the Lenders thereof and, within 30 Business Days after the date such Subsidiary becomes a Material Foreign Subsidiary of any Loan Party or such longer period as the Administrative Agent shall agree, cause the Collateral and Guarantee
Requirement to be satisfied with respect to any Equity Interest in such Subsidiary owned by or on behalf of any Loan Party, subject to Section 5.10(g). 
  

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 (f) (i) Furnish to the Administrative Agent prompt written notice of
any change (a) in any Loan Party’s corporate or organization name, (b) in any Loan Party’s identity or organizational structure or (c) in any Loan Party’s organizational identification number; provided that the
U.S. Borrower shall not effect or permit any such change unless all filings have been made, or will have been made within any statutory period, under the Uniform Commercial Code or otherwise that are required in order for the Administrative Agent to
continue at all times following such change to have a valid, legal and perfected security interest in all the Collateral for the benefit of the applicable Secured Parties (to the extent intended to be created by the Security Documents) and
(ii) promptly notify the Administrative Agent if any material portion of the Collateral is damaged or destroyed. 
 (g) The Collateral and Guarantee Requirement and the other provisions of this Section 5.10 (other than paragraph (h) below) need not be satisfied with respect to (i) any real property held by the U.S. Borrower or any of the
Subsidiaries as a lessee under a lease, (ii) any Equity Interests acquired after the Closing Date in accordance with this Agreement if, and to the extent that, and for so long as (a) such Equity Interests constitute less than 100% of all
applicable Equity Interests of such person and the person holding the remainder of such Equity Interests is not an Affiliate, (b) doing so would violate applicable law or a contractual obligation binding on such Equity Interests and
(c) with respect to contractual obligations, such obligation existed at the time of the acquisition thereof and was not created or made binding on such Equity Interests in contemplation of or in connection with the acquisition of such Equity
Interests, (iii) any assets acquired after the Closing Date, to the extent that, and for so long as, taking such actions would violate a contractual obligation binding on such assets that existed at the time of the acquisition thereof and was
not created or made binding on such assets in contemplation or in connection with the acquisition of such assets (except in the case of assets acquired with Indebtedness of the type permitted pursuant to Section 6.01(i) or (j) or that is
secured by a Lien of the type permitted pursuant to Section 6.02(i) or (j)), (iv) any Principal Property, (v) any Equity Interests or evidences of Indebtedness of Indenture Restricted Subsidiaries owned by the U.S. Borrower or any
Indenture Restricted Subsidiary and (vi) any Subsidiary or asset with respect to which the Administrative Agent determines in its reasonable discretion that the cost of the satisfaction of the Collateral and Guarantee Requirement or the
provisions of this Section 5.10 or of any Security Document with respect thereto is excessive in relation to the value of the security afforded thereby. 
 (h) Prior to a Qualified IPO, ensure that all outstanding Equity Interests of the U.S. Borrower (other than options and
management shares) that are (i) sold by Holdings or (ii) newly issued by the U.S. Borrower shall have been pledged to the Administrative Agent for the benefit of the Secured Parties to secure the Obligations pursuant to a security document
not materially less favorable to the Secured Parties than the Collateral Agreement and in form and substance reasonably satisfactory to the Administrative Agent, and the Administrative Agent shall have received certificates or other instruments
representing all such Equity Interests, together with stock powers or other instruments of transfer with respect thereto endorsed in blank. 
  

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 (i) Within ninety (90) days after the Amendment Effective Date (subject
to extension by the Administrative Agent in its reasonable discretion), deliver each Security Document set forth on Schedule 5.10(i). 
 SECTION 5.11. Fiscal Year; Accounting. In the case of the U.S. Borrower, cause its fiscal year to end on December 31 (or such other fiscal year end as is specified in a written notice
delivered to the Administrative Agent by the U.S. Borrower; provided that such other fiscal year end is reasonably acceptable to the Administrative Agent). 
 SECTION 5.12. Rating. In the case of the U.S. Borrower, use commercially reasonable efforts to maintain (i) ratings from each of Moody’s and S&P for the Term Loans,
(ii) corporate credit ratings from S&P for the U.S. Borrower and (iii) corporate family ratings from Moody’s for the U.S. Borrower. 
 SECTION 5.13. Lender Meetings. In the case of the U.S. Borrower, upon the request of the Administrative Agent, participate in a meeting of the Administrative Agent and the Lenders once during each
fiscal year to be held at such time and location as may be agreed upon by the U.S. Borrower and the Administrative Agent. 
 SECTION 5.14. Post-Closing German Collateral Matters. With respect to the Post-Closing Reaffirming German Loan Parties, use all commercially reasonable efforts to cause each such person and each
Subsidiary Loan Party that is a subsidiary of such person to provide reasonably satisfactory evidence of the continuing first-priority perfected Liens under the Security Documents after giving effect to the Transactions. 
 SECTION 5.15. Financial Assistance. Except where the failure to do so could not reasonably be expected to have a
Material Adverse Effect, comply in all respects with Sections 151 to 158 of the United Kingdom Companies Act 1985 and any equivalent legislation in other jurisdictions, including in relation to the execution of the Security Documents and payment of
amounts due under this Agreement. 
 SECTION 5.16. U.K. Pension Matters. (a) Except where the failure
to do so could not reasonably be expected to have a Material Adverse Effect, ensure that all pension schemes operated by or maintained for the benefit of the U.S. Borrower and the Subsidiaries and/or any of their respective employees are fully
funded based on the minimum funding requirement under section 56 of the Pensions Act 1995 or the statutory funding objective under section 222 of the Pensions Act 2004 and that no action or omission is taken by any member of the
Group in relation to such a pension scheme that has or is reasonably likely to have a Material Adverse Effect (including the termination or commencement of winding-up proceedings of any such pension scheme or the U.S. Borrower or any Subsidiary
ceasing to employ any member of such a pension scheme). 
  

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 (b) Except where the failure to do so could not reasonably be expected to
have a Material Adverse Effect, ensure that none of the U.S. Borrower or any Subsidiary is or has been at any time an employer (for the purposes of sections 38 to 51 of the Pensions Act 2004) of an occupational pension scheme that is not a
money purchase scheme (both terms as defined in the Pension Schemes Act 1993) that has or is reasonably likely to have a Material Adverse Effect or is “connected” with or an “associate” of (as those terms are used in
sections 39 or 43 of the Pensions Act 2004) such an employer. 
 (c) Deliver to the Administrative Agent at
such times as those reports are prepared in order to comply with the then current statutory or auditing requirements (as applicable either to the trustees of any relevant schemes or to the U.S. Borrower), actuarial reports in relation to all pension
schemes mentioned in paragraph (a) above. 
 (d) Promptly notify the Administrative Agent of any material
change in the rate of contributions to any pension schemes mentioned in paragraph (a) above, paid or recommended to be paid (whether by the scheme actuary or otherwise) or required by law or otherwise. 
 ARTICLE VI 
 Negative Covenants 
 Each Borrower covenants and agrees with each Lender that, so long as this Agreement shall
remain in effect (other than in respect of contingent indemnification and expense reimbursement obligations for which no claim has been made) and until the Commitments have been terminated and the principal of and interest on each Loan, all Fees and
all other expenses or amounts payable under any Loan Document have been paid in full and all Letters of Credit have been canceled or have expired and all amounts drawn thereunder have been reimbursed in full, unless the Required Lenders shall
otherwise consent in writing, no Borrower will, or will cause or permit any of the Material Subsidiaries to: 
 SECTION 6.01. Indebtedness. Incur, create, assume or permit to exist any Indebtedness, except: 
 (a) The Existing Notes, the New 1-1/2 Lien Notes, other Indebtedness existing, or incurred pursuant to facilities existing, on the Closing Date and set forth on Schedule 6.01 to the 2005 Credit Agreement and any Permitted
Refinancing Indebtedness incurred to Refinance such Indebtedness or, without duplication, replacements of such facilities that would constitute Permitted Refinancing Indebtedness with respect to such facilities if all Indebtedness available to be
incurred thereunder were outstanding on the date of such replacement (other than Permitted Refinancing Indebtedness in respect of intercompany indebtedness of the U.S. Borrower or any Subsidiary owed to the U.S. Borrower or any Subsidiary Refinanced
with Indebtedness owed to a person other than the U.S. Borrower or any Subsidiary); 
  

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 (b) Indebtedness created hereunder and under the other Loan Documents and
any Permitted Refinancing Indebtedness incurred to Refinance such Indebtedness; 
 (c) Indebtedness of the U.S.
Borrower and the Subsidiaries pursuant to Swap Agreements permitted by Section 6.13; 
 (d) Indebtedness
owed to (including obligations in respect of letters of credit or bank guarantees or similar instruments for the benefit of) any person providing workers’ compensation, health, disability or other employee benefits or property, casualty or
liability insurance to Holdings (until a Qualified IPO), the U.S. Borrower or any Subsidiary, pursuant to reimbursement or indemnification obligations to such person; provided that upon the incurrence of Indebtedness with respect to reimbursement
obligations regarding workers’ compensation claims, such obligations are reimbursed not later than 30 days following such incurrence; 
 (e) Indebtedness of the U.S. Borrower to any Subsidiary and of any Subsidiary to the U.S. Borrower or any other Subsidiary; provided that (i) Indebtedness of any Subsidiary that is not a
Subsidiary Loan Party to the Loan Parties shall be subject to Section 6.04(b) and (ii) Indebtedness of any Borrower to any Subsidiary and Indebtedness of any other Loan Party to any Subsidiary that is not a Subsidiary Loan Party shall be
subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent; 
 (f)
Indebtedness in respect of performance bonds, bid bonds, appeal bonds, surety bonds and completion guarantees and similar obligations, in each case provided in the ordinary course of business, including those incurred to secure health, safety and
environmental obligations in the ordinary course of business; 
 (g) Indebtedness arising from the honoring by a
bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary course of business or other cash management services in the ordinary course of business; provided that (x) such
Indebtedness (other than credit or purchase cards) is extinguished within ten Business Days of notification to any Borrower of its incurrence and (y) such Indebtedness in respect of credit or purchase cards is extinguished within 60 days from
its incurrence; 
 (h) (i) (A) Indebtedness of a Subsidiary acquired after the Closing Date or a
person merged into or consolidated with the U.S. Borrower or any Subsidiary after the Closing Date and Indebtedness assumed in connection with the acquisition of assets or in connection with a Permitted Business Acquisition, which Indebtedness in
each case, exists at the time of such acquisition, merger or consolidation and is not created in contemplation of such event or (B) Indebtedness incurred to finance any such acquisition or

  

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Permitted Business Acquisition and where, in each case, such acquisition, merger or consolidation is permitted by this Agreement and where, if such Indebtedness is new Indebtedness incurred to
finance such acquisition or Permitted Business Acquisition, such Indebtedness is unsecured or is subordinated to the Obligations on terms reasonably satisfactory to the Administrative Agent and (ii) any Permitted Refinancing Indebtedness
incurred to Refinance such Indebtedness; provided that, with respect to clause (i), immediately after giving effect to such acquisition, merger or consolidation, and the assumption or incurrence of any such Indebtedness, there shall be no Default or
Event of Default and the U.S. Borrower shall be in Pro Forma Compliance; 
 (i) Capital Lease Obligations,
mortgage financings and purchase money Indebtedness incurred by the U.S. Borrower or any Subsidiary prior to or within 270 days after the acquisition, lease or improvement of the respective asset permitted under this Agreement in order to finance
such acquisition or improvement, and any Permitted Refinancing Indebtedness in respect thereof, in an aggregate principal amount that at the time of, and after giving effect to, the incurrence thereof (together with Indebtedness outstanding pursuant
to this paragraph (i) and the Remaining Present Value of leases permitted under Section 6.03) would not in the aggregate exceed the greater of $150.0 million and 5% of Consolidated Total Assets as of the end of the fiscal quarter
immediately prior to the date of such incurrence for which financial statements have been delivered pursuant to Section 5.04; 
 (j) Capital Lease Obligations incurred by the U.S. Borrower or any Subsidiary in respect of any Sale and Lease-Back Transaction that is permitted under Section 6.03, and any Permitted Refinancing
Indebtedness in respect thereof; 
 (k) other Indebtedness of the U.S. Borrower or any Subsidiary (pursuant to
this paragraph (k)), in an aggregate principal amount that at the time of, and after giving effect to, the incurrence thereof, would not exceed the greater of $150.0 million and 5% of Consolidated Total Assets as of the end of the fiscal quarter
immediately prior to the date of such incurrence for which financial statements have been delivered pursuant to Section 5.04; 
 (l) Guarantees (i) by the U.S. Borrower or any Subsidiary Loan Party of any Indebtedness of the U.S. Borrower or any Subsidiary Loan Party permitted to be incurred under this Agreement, (ii) by
the U.S. Borrower or any Subsidiary Loan Party of Indebtedness otherwise permitted hereunder of any Subsidiary that is not a Subsidiary Loan Party to the extent such Guarantees are permitted by Section 6.04(b) and (iii) by any Foreign
Subsidiary that is not a Subsidiary Loan Party of Indebtedness of another Foreign Subsidiary; provided that (A) Guarantees by the U.S. Borrower or any Subsidiary Loan Party under this Section 6.01(1) of any other Indebtedness of a
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person shall be expressly subordinated to the Obligations on terms not less favorable to the Lenders than the subordination terms of such other Indebtedness, (B) no subsidiary of the U.S.
Borrower (other than Hexion Nova Scotia Finance ULC) that is not a Domestic Loan Party shall Guarantee the Existing Second Secured Notes, the New 1-1/2 Lien Notes, any First Lien Notes, the Debentures, Indebtedness issued under Section 6.01(ee)
or any Permitted Refinancing Indebtedness in respect of any of the foregoing or any Indebtedness that is secured by any Second-Priority Liens and (C) no subsidiary of the U.S. Borrower that is not a Loan Party shall Guarantee any Indebtedness
incurred pursuant to Section 6.01(w) or any Permitted Refinancing Indebtedness in respect thereof or any Permitted Refinancing Indebtedness incurred under Section 6.01(b); 
 (m) Indebtedness arising from agreements of Holdings, the U.S. Borrower or any Subsidiary providing for indemnification,
adjustment of purchase price or similar obligations, in each case, incurred or assumed in connection with any Permitted Business Acquisition or the disposition of any business, assets or a Subsidiary, other than Guarantees of Indebtedness incurred
by any person acquiring all or any portion of such business, assets or a Subsidiary for the purpose of financing such acquisition; 
 (n) [reserved]; 
 (o) letters of credit or bank guarantees (other
than Letters of Credit issued pursuant to Section 2.05) having an aggregate face amount not in excess of $15.0 million; 
 (p) Indebtedness supported by a Letter of Credit, in a principal amount not in excess of the stated amount of such Letter of Credit; 
 (q) Indebtedness consisting of (x) the financing of insurance premiums or (y) take-or-pay obligations contained in
supply arrangements, in each case, in the ordinary course of business; 
 (r) [reserved]; 
 (s) [reserved]; 
 (t) [reserved]; 
 (u) all premium (if any), interest (including
post-petition interest), fees, expenses, charges and additional or contingent interest on obligations described in paragraphs (a) through (q) above and paragraphs (v) through (cc) below; 
 (v) Indebtedness of the U.S. Borrower and the Subsidiaries incurred under lines of credit or overdraft facilities
(including, but not limited to, intraday, ACH and purchasing card/T&E services) extended by one or more

  

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financial institutions reasonably acceptable to the Administrative Agent or one or more of the Lenders and (in each case) established for the U.S. Borrower’s and the Subsidiaries’
ordinary course of operations (such Indebtedness, the “Overdraft Line”), which Indebtedness may be secured as, but only to the extent, provided in Section 6.02(b) and in the Security Documents (it being understood,
however, that for a period of 30 consecutive days during each fiscal year of the U.S. Borrower the outstanding principal amount of Indebtedness under the Overdraft Line shall not exceed $40.0 million); 
 (w) (i) other Indebtedness incurred, issued or assumed by the U.S. Borrower or any Subsidiary Loan Party so long as
(A) no Default or Event of Default shall have occurred and be continuing or would result therefrom and (B) immediately after giving effect to the issuance, incurrence or assumption of such Indebtedness, the Consolidated Leverage Ratio on a
Pro Forma Basis shall not be greater than 6.00 to 1.00 and (ii) Permitted Refinancing Indebtedness in respect thereof; 
 (x) Indebtedness of Foreign Subsidiaries that are not Loan Parties in an aggregate amount not to exceed at any time outstanding the greater of $150.0 million and 5% of Consolidated Total Assets as of the
end of the fiscal quarter immediately prior to the date of such incurrence for which financial statements have been delivered pursuant to Section 5.04; 
 (y) Indebtedness in respect of letters of credit, bank guarantees, warehouse receipts or similar instruments issued to
support performance obligations and trade letters of credit (other than obligations in respect of other Indebtedness) in the ordinary course of business; 
 (z) unsecured Indebtedness in respect of obligations of the U.S. Borrower or any Subsidiary to pay the deferred purchase price of goods or services or progress payments in connection with such goods and
services; provided, that such obligations are incurred in connection with open accounts extended by suppliers on customary trade terms (which require that all such payments be made within 60 days after the incurrence of the related
obligations) in the ordinary course of business and not in connection with the borrowing of money or any Swap Agreements; 
 (aa) Indebtedness representing deferred compensation to employees of the U.S. Borrower or any Subsidiary incurred in the ordinary course of business; 
 (bb) Indebtedness consisting of promissory notes issued by the U.S. Borrower or any Subsidiary to current or former
officers, directors and employees, their respective estates, spouses or former spouses to finance the purchase or redemption of Equity Interests of Holdings or any direct or indirect parent of the U.S. Borrower permitted by Section 6.06;

  

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 (cc) Indebtedness consisting of obligations of the U.S. Borrower or any
Subsidiary under deferred compensation or other similar arrangements incurred by such person in connection with Permitted Business Acquisitions or any other Investment permitted hereunder; 
 (dd) Indebtedness pursuant to any First Lien Notes; provided that the U.S. Borrower shall apply the First Lien Net
Proceeds of such First Lien Notes (unless such First Lien Notes constitute a refinancing, refunding, renewal or extension of existing First Lien Notes pursuant to clause (b) of the definition of “First Lien Notes) in accordance with
Section 2.12(e); and 
 (ee) (i) Indebtedness of the Loan Parties that is either unsecured or secured
by Liens ranking junior to the Liens securing the Obligations and the aggregate principal amount of which does not exceed the Incremental Amount; provided that (1) the terms of such Indebtedness do not provide for any scheduled repayment,
mandatory redemption or sinking fund obligations prior to the date that is 91 days following the latest Term Facility Maturity Date in effect at the time of the issuance thereof (other than customary offers to repurchase upon a change of control,
asset sale or event of loss and customary acceleration rights after an event of default) and (2) the covenants, events of default, guarantees, collateral and other terms of such Indebtedness (other than interest rate and redemption premiums),
taken as a whole, are not more restrictive to the U.S. Borrower and the Subsidiaries than those set forth in the New 1-1/2 Lien Notes or are otherwise agreed to by the U.S. Borrower with at least one nationally recognized non-affiliated investment
bank as appropriate for widely distributed unsecured or junior secured notes or loans of the Loan Parties (which investment bank may be an underwriter, initial purchaser, placement agent or arranger of such Indebtedness); provided that a certificate
of the Chief Financial Officer of the U.S. Borrower delivered to the Administrative Agent in good faith at least three Business Days (or such shorter period as the Administrative Agent may reasonably agree) prior to the incurrence of such
Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Indebtedness or drafts of the documentation relating thereto, stating that the U.S. Borrower has determined in good faith that such terms and
conditions satisfy the foregoing requirement shall be conclusive evidence that such terms and conditions satisfy the foregoing requirement and (ii) any Permitted Refinancing Indebtedness incurred to Refinance such Indebtedness that complies
with the requirements under clauses (1) and (2) of clause (i) hereof. 
 SECTION 6.02.
Liens. Create, incur, assume or permit to exist any Lien on any property or assets (including stock or other securities of any person, including any subsidiary of the U.S. Borrower) at the time owned by it or on any income or revenues or
rights in respect of any thereof, except: 
 (a) Liens on property or assets of the U.S. Borrower and the
Subsidiaries existing on the Closing Date and set forth on Schedule 6.02(a) 

  

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to the 2005 Credit Agreement or, to the extent not listed in such Schedule, where such property or assets have a fair market value that does not exceed $10 million in the aggregate, and any
modifications, replacements, renewals or extensions thereof; provided that (i) such Liens shall secure only those obligations that they secure on the Closing Date (and any Permitted Refinancing Indebtedness in respect thereof permitted
by Section 6.01(a)) and shall not subsequently apply to any other property or assets of the U.S. Borrower or any Subsidiary other than (A) after-acquired property that is affixed or incorporated into the property covered by such Lien, and
(B) proceeds and products thereof and (ii) in the case of a Lien securing Permitted Refinancing Indebtedness, any such Lien is permitted, subject to compliance with clause (e) of the definition of the term “Permitted Refinancing
Indebtedness”; 
 (b) any Lien created under the Loan Documents (including, without limitation, Liens
created under the Security Documents securing obligations in respect of Swap Agreements to the extent such obligations constitute “Obligations” under the Collateral Agreement and any First Lien Notes (which are intended to be secured by
Liens on the Collateral that are pari passu with Liens on the Collateral securing the U.S. Obligations) and the Overdraft Line secured pursuant to the Security Documents) or permitted in respect of any Mortgaged Property by the terms of the
applicable Mortgage; provided, however, in no event shall the holders of the Indebtedness under the Overdraft Line have the right to receive proceeds in respect of a claim in excess of $40.0 million in the aggregate (plus (i) any
accrued and unpaid interest in respect of Indebtedness incurred by the U.S. Borrower and the Subsidiaries under the Overdraft Line and (ii) any accrued and unpaid fees and expenses owing by the U.S. Borrower and the Subsidiaries under the
Overdraft Line) from the enforcement of any remedies available to the Secured Parties under all of the Loan Documents; provided further that in the case of any such First Lien Notes, (A) the holders of such Indebtedness (or a
representative thereof on behalf of such holders) shall have delivered to the Administrative Agent an Other First Lien Secured Party Consent (as defined in the Collateral Agreement), (B) the U.S. Borrower shall have complied with the other
requirements of Section 7.20 of the Collateral Agreement with respect to such First Lien Notes, and (C) the Administrative Agent and the representative for the holders of the First Lien Notes shall have entered into the First Lien
Intercreditor Agreement (or delivered a joinder thereto); 
 (c) any Lien on any property or asset of the U.S.
Borrower or any Subsidiary securing Indebtedness permitted by Section 6.01(h)(i)(A) or Permitted Refinancing Indebtedness in respect thereof; provided that such Lien (i) does not apply to any other property or assets of the U.S.
Borrower or any of the Subsidiaries not securing such Indebtedness at the date of the acquisition of such property or asset (other than after acquired property subjected to a Lien securing Indebtedness and other obligations incurred prior to such
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permitted hereunder that require a pledge of after acquired property, it being understood that such requirement shall not be permitted to apply to any property to which such requirement would not
have applied but for such acquisition), (ii) such Lien is not created in contemplation of or in connection with such acquisition and (iii) in the case of a Lien securing Permitted Refinancing Indebtedness, any such Lien is permitted,
subject to compliance with clause (e) of the definition of the term “Permitted Refinancing Indebtedness”; 
 (d) Liens for Taxes, assessments or other governmental charges or levies not yet delinquent or that are being contested in compliance with Section 5.03; 
 (e) Liens imposed by law, such as landlord’s, carriers’, warehousemen’s, mechanics’, materialmen’s,
repairmen’s, construction or other like Liens arising in the ordinary course of business and securing obligations that are not overdue by more than 30 days or that are being contested in good faith by appropriate proceedings and in respect of
which, if applicable, the U.S. Borrower or any Subsidiary shall have set aside on its books reserves in accordance with GAAP; 
 (f) (i) pledges and deposits and other Liens made in the ordinary course of business in compliance with the Federal Employers Liability Act or any other workers’ compensation, unemployment
insurance and other social security laws or regulations and deposits securing liability to insurance carriers under insurance or self-insurance arrangements in respect of such obligations and (ii) pledges and deposits and other Liens securing
liability for reimbursement or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance to Holdings (prior to
a Qualified IPO), the U.S. Borrower or any Subsidiary; 
 (g) deposits and other Liens to secure the performance
of bids, trade contracts (other than for Indebtedness), leases (other than Capital Lease Obligations), statutory obligations, surety and appeal bonds, performance and return of money bonds, bids, leases, government contracts, trade contracts,
agreements with public utilities, and other obligations of a like nature (including letters of credit in lieu of any such bonds or to support the issuance thereof) incurred by the U.S. Borrower or any Subsidiary in the ordinary course of business,
including those incurred to secure health, safety and environmental obligations in the ordinary course of business; 
 (h) zoning restrictions, survey exceptions and such matters as an accurate survey would disclose, easements, trackage rights, leases (other than Capital Lease Obligations), licenses, special assessments, rights-of-way covenants, conditions,
restrictions and declarations on or agreements with respect to the use of real property, servicing agreements, development

  

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agreements, site plan agreements and other similar encumbrances incurred in the ordinary course of business and title defects or irregularities that are of a minor nature and that, in the
aggregate, do not interfere in any material respect with the ordinary conduct of the business of the U.S. Borrower or any Subsidiary; 
 (i) Liens securing Indebtedness permitted by Section 6.01(i); provided that such Liens attach only to property to which such Indebtedness relates (or accessions to such property and proceeds
thereof); provided, further, that individual financings of equipment provided by a single lender may be cross-collateralized to other financings of equipment provided solely by such lender; 
 (j) Liens arising out of capitalized lease transactions permitted under Section 6.03, so long as such Liens attach only
to the property sold and being leased in such transaction and any accessions thereto or proceeds thereof and related property; 
 (k) Liens securing judgments that do not constitute an Event of Default under Section 7.01(j); provided that such Liens, to the extent that they secure aggregate amounts of more than $10.0
million, shall be discharged within 60 days of the creation thereof; 
 (l) other Liens with respect to property
or assets of the U.S. Borrower or any Subsidiary not constituting Collateral for the Obligations with an aggregate fair market value (valued at the time of creation thereof) of not more than $50.0 million at any time; 
 (m) Liens disclosed by the title insurance policies delivered on or subsequent to the Closing Date and pursuant to
Section 5.10 and any replacement, extension or renewal of any such Lien; provided that such replacement, extension or renewal Lien shall not cover any property other than the property that was subject to such Lien prior to such
replacement, extension or renewal; provided, further, that the Indebtedness and other obligations secured by such replacement, extension or renewal Lien are permitted by this Agreement; 
 (n) [reserved]; 
 (o) any interest or title of a lessor or sublessor under any leases or subleases entered into by the U.S. Borrower or any Subsidiary in the ordinary course of business; 
 (p) Liens that are contractual rights of set-off (i) relating to the establishment of depository relations with banks
not given in connection with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts of the U.S. Borrower or any Subsidiary to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of
business of

  

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the U.S. Borrower and the Subsidiaries or (iii) relating to purchase orders and other agreements entered into with customers of the U.S. Borrower or any Subsidiary in the ordinary course of
business; 
 (q) Liens arising solely by virtue of any statutory or common law provision relating to
banker’s liens, rights of set-off or similar rights; 
 (r) Liens securing obligations in respect of
trade-related letters of credit, trade-related bank guarantees or similar trade-related obligations permitted under Section 6.01(f), (k), (o) or (y) and covering the goods (or the documents of title in respect of such goods) financed
by such letters of credit, bank guarantees or similar obligations and the proceeds and products thereof; 
 (s)
licenses or sublicenses (including with respect to intellectual property and software) granted in a manner consistent with past practice; 
 (t) 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; 
 (u) Liens on the assets of a Foreign Subsidiary that is not a Loan Party that secure Indebtedness of a Foreign Subsidiary
that is permitted to be incurred under Section 6.01; 
 (v) other Liens so long as, after giving effect to
any such Lien and the incurrence of any Indebtedness incurred at the time such Lien is created, incurred or permitted to exist on a Pro Forma Basis, the Senior Secured Bank Leverage Ratio on the last day of the U.S. Borrower’s then most
recently completed fiscal quarter for which financial statements are available shall be less than or equal to 4.00 to 1.00 and at the time of the incurrence of such Lien and after giving effect thereto, no Default or Event of Default shall have
occurred and be continuing or would result therefrom; provided that any such Lien on the Collateral (i) shall not be a first priority Lien and (ii) shall be subject to an intercreditor agreement on terms no less favorable to the
Lenders than those set forth in the Existing Second Lien Intercreditor Agreement (it being understood that such Liens may be senior in priority to, or pari passu with, or junior in priority to, the Liens securing the Existing Second Secured
Notes or the New 1-1/2 Lien Notes); 
 (w) Second-Priority Liens on Collateral, including Liens securing the New
1-1/2 Lien Notes and the Existing Second Secured Notes; 
 (x) Liens solely on any cash earnest money deposits
made by the U.S. Borrower or any of the Subsidiaries in connection with any letter of intent or purchase agreement permitted hereunder; 
  

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 (y) Liens arising out of consignment or similar arrangements for the sale
of goods entered into in the ordinary course of business; 
 (z) Liens securing insurance premium financing
arrangements, provided that such Liens are limited to the applicable unearned insurance premiums; 
 (aa) Liens
in favor of the U.S. Borrower or any Subsidiary Loan Party; 
 (bb) Liens on not more than $15.0 million of
deposits securing Swap Agreements permitted to be incurred under Section 6.13; 
 (cc) deposits or other
Liens with respect to property or assets of the U.S. Borrower or any Subsidiary; provided that such property and assets shall have an aggregate fair market value (valued at the time of creation of the Liens) of not more than $50.0 million at
any time; 
 (dd) [reserved]; 
 (ee) the reservations, limitations, provisos and conditions, if any, expressed in any original grant from the Crown of any
real property or any interest therein in Canada; provided they do not reduce the value of the assets or interfere in any material respect with the ordinary conduct of the business of the U.S. Borrower or any Subsidiary; 
 (ff) Liens on Equity Interests in joint ventures securing obligations of such joint venture; 
 (gg) Liens on securities that are the subject of repurchase agreements constituting Permitted Investments under
clause (5) of the definition thereof; 
 (hh) Liens on the Equity Interests of Hexion Specialty Chemicals
Pty. Ltd. to the extent securing Indebtedness of Hexion Specialty Chemicals Pty Ltd. and its Subsidiaries permitted hereunder; and 
 (ii) Liens on Collateral securing the U.S. Obligations securing (x) First Lien Notes, provided that (A) if the Liens on the Collateral securing such First Lien Notes are (or are intended to be)
junior in priority to the Liens on the Collateral securing the U.S. Obligations, either (1) the obligations in respect of such First Lien Notes shall be designated “Future Second Lien Indebtedness” under the New Second Lien
Intercreditor Agreement or the New 1-1/2 Lien Intercreditor Agreement or (2) such Liens shall be subordinated to the Liens securing the U.S. Obligations on customary terms pursuant to another Intercreditor Agreement reasonably satisfactory to
the Administrative Agent and (B) if the Liens on the Collateral securing such First Lien Notes are (or are intended to be) secured on a pari passu basis with the Lien on the Collateral securing the U.S.

  

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Obligations, the representative for the holders of the First Lien Notes shall have entered into the First Lien Intercreditor Agreement (or delivered a joinder thereto) and (y) Indebtedness
permitted by Section 6.01(ee); provided that either (1) the obligations in respect of such Indebtedness shall be designated “Future Second Lien Indebtedness” under the New Second Lien Intercreditor Agreement or the New 1-1/2 Lien
Intercreditor Agreement or (2) such Liens shall be subordinated to the Liens securing the U.S. Obligations on customary terms pursuant to another Intercreditor Agreement reasonably satisfactory to the Administrative Agent. 
 Notwithstanding the foregoing, (a) no Liens shall be permitted to exist, directly or indirectly, on (i) Pledged Collateral or any
Indebtedness of the U.S. Borrower or any Subsidiary to the U.S. Borrower or a Domestic Subsidiary (unless such Indebtedness shall have become subject to a first-priority Lien securing the Obligations), other than Liens in favor of the Administrative
Agent for the benefit of the First Lien Secured Parties and Liens permitted by Section 6.02(d), (e), (k), (q), (w) or (ii), or (ii) any real estate, fixtures or equipment of the U.S. Borrower or any of its Subsidiaries located within
the United States (except in respect of any such assets that the Board of Directors of the U.S. Borrower has determined do not constitute Principal Property that shall have become subject to a first priority Lien securing the Obligations), other
than Liens in favor of the Administrative Agent for the benefit of the First Lien Secured Parties and Liens permitted by Section 6.02(a), (c), (d), (e), (h), (i), (j), (k), (l) (solely, in the case of clause (l), with respect to Liens
of the type referred to in Section 6.02(c) or (i)), (o), (q), (t), (v) (solely, in the case of clause (v), with respect to Liens of the type referred to in Section 6.02(c) or (i)) that do not trigger a requirement to grant equal and
ratable Liens securing other outstanding Indebtedness of the U.S. Borrower or any Subsidiary, or (y), unless in each case any such assets shall be secured by a Lien in favor of the Administrative Agent for the benefit of the Secured Parties, in
which case the restrictions set forth in this clause (a) shall cease to apply with respect to such assets, and (b) no Liens over any deposit account of the U.S. Borrower or any Subsidiary Loan Party other than Liens permitted by
Section 6.02(b), (d), (f), (g), (k), (p)(i), (p)(ii) or (q) shall be perfected. 
 SECTION 6.03.
Sale and Lease-Back Transactions. Enter into any arrangement, directly or indirectly, with any person 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 being sold or transferred (a “Sale and Lease-Back Transaction”); provided that
(i) a Sale and Lease-Back Transaction shall be permitted with respect to property (a) owned by the U.S. Borrower, any Domestic Subsidiary or any Foreign Subsidiary Loan Party that is acquired after the Closing Date so long as such Sale and
Lease-Back Transaction is consummated within 270 days of the acquisition of such property, (b) owned by any Foreign Subsidiary that is not a Loan Party regardless of when such property was acquired, (c) that is included on Schedule 6.03
to the 2005 Credit Agreement or (d) that has a fair market value, together with all property disposed of pursuant to this clause (d) after the Closing Date, not in excess of $25 million and (ii) at the time the lease in connection
therewith is entered into, and after giving effect to the entering into of such Lease,

  

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the Remaining Present Value of such lease (together with Indebtedness outstanding pursuant to paragraph (i) of Section 6.01 and the Remaining Present Value of outstanding leases
previously entered into under this Section 6.03) would not in the aggregate exceed the greater of $150 million and 5% of Consolidated Total Assets as of the end of the fiscal quarter immediately prior to the date the lease was entered into for
which financial statements have been delivered pursuant to Section 5.04. 
 SECTION 6.04. Investments,
Loans and Advances. Purchase, hold or acquire (including pursuant to any merger with a person that is not a Wholly Owned Subsidiary immediately prior to such merger) any Equity Interests of, evidences of Indebtedness or other securities of, make
or permit to exist any loans or advances to or Guarantees of the obligations of, or make or permit to exist any investment or any other interest in (each, an “Investment”), any other person, except: 
 (a) [reserved]; 
 (b) (i) Investments by the U.S. Borrower or any Subsidiary in the Equity Interests of any Subsidiary; (ii) intercompany loans from the U.S. Borrower or any Subsidiary to the U.S. Borrower or any
Subsidiary; and (iii) Guarantees by the U.S. Borrower or any Subsidiary of Indebtedness otherwise permitted hereunder of the U.S. Borrower or any Subsidiary; provided, that the sum of (A) Investments (valued at the time of the
making thereof and without giving effect to any write-downs or write-offs thereof) made after the Closing Date by the Loan Parties pursuant to clause (i) in Subsidiaries that are not Subsidiary Loan Parties, plus (B) net
intercompany loans made by Loan Parties after the Closing Date to Subsidiaries that are not Subsidiary Loan Parties pursuant to clause (ii), plus (C) Guarantees by Loan Parties of Indebtedness after the Closing Date of Subsidiaries
that are not Subsidiary Loan Parties pursuant to clause (iii), shall not exceed an aggregate net amount equal to (x) the greater of $150 million and 5% of Consolidated Total Assets as of the end of the fiscal quarter immediately prior to
the date of such Investment for which financial statements have been delivered pursuant to Section 5.04 (plus any return of capital actually received by the respective investors in respect of Investments theretofore made by them pursuant
to this paragraph (b)); plus (y) the portion, if any, of the Available Investment Basket Amount on the date of such election that the U.S. Borrower elects to apply to this Section 6.04(b)(y); and provided further
that intercompany current liabilities incurred in the ordinary course of business in connection with the cash management operations and intercompany sales of Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries shall not be
included in calculating the limitation in this paragraph at any time; 
 (c) Permitted Investments and
Investments that were Permitted Investments when made; 
  

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 (d) Investments arising out of the receipt by the U.S. Borrower or any
Subsidiary of noncash consideration for the sale of assets permitted under Section 6.05; 
 (e) loans and
advances to officers, directors, employees or consultants of Holdings, the U.S. Borrower or any Subsidiary (i) in the ordinary course of business not to exceed $10 million in the aggregate at any time outstanding (calculated without regard to
write-downs or write-offs thereof), (ii) in respect of payroll payments and expenses in the ordinary course of business and (iii) in connection with such person’s purchase of Equity Interests of Holdings (or any direct or indirect
parent of the U.S. Borrower) solely to the extent that the amount of such loans and advances are contributed to the U.S. Borrower in cash as common equity; 
 (f) accounts receivable, security deposits and prepayments arising and trade credit granted in the ordinary course of
business and any assets or securities 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 made in the ordinary course of business; 
 (g) Swap Agreements permitted pursuant to
Section 6.13; 
 (h) Investments existing on the Closing Date and set forth on Schedule 6.04 to
the 2005 Credit Agreement and any extensions, renewals or reinvestments thereof, so long as the aggregate amount of all Investments pursuant to this clause (h) is not increased at any time above the amount of such Investment existing on the
Closing Date; 
 (i) Investments resulting from pledges and deposits referred to in Sections 6.02(f), (g), (k),
(t), (x), (bb) and (cc); 
 (j) other Investments by the U.S. Borrower or any Subsidiary; provided that, after
giving effect to such Investment, the aggregate amount of all Investments made pursuant to this paragraph (j) (valued at the time of the making thereof, and without giving effect to any write-downs or write-offs thereof) shall not exceed
(i) the greater of $150 million and 5% of Consolidated Total Assets as of the end of the fiscal quarter of the U.S. Borrower immediately prior to the date of such Investment for which financial statements have been delivered pursuant to
Section 5.04 (plus any returns of capital actually received by the respective investor in respect of Investments theretofore made by it pursuant to this paragraph (j)) plus (ii) the portion, if any, of the Available Investment
Basket Amount on the date of such election that the U.S. Borrower elects to apply to this Section 6.04(j)(ii); 
 (k) Investments constituting Permitted Business Acquisitions; 
  

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 (l) Investments consisting of the licensing or contribution of intellectual
property pursuant to joint marketing arrangements with other persons; 
 (m) intercompany loans and other
Investments between Foreign Subsidiaries that are not Loan Parties and Guarantees by Foreign Subsidiaries permitted by Section 6.01(l); 
 (n) Investments consisting of purchases and acquisitions of inventory, supplies, materials and equipment or purchases of contract rights or licenses or leases of intellectual property in each case in the
ordinary course of business; 
 (o) the 2005 Transactions, the May 2006 Transactions, the November 2006
Transactions and the Transactions; 
 (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 U.S. Borrower as a result of a foreclosure by the
U.S. 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) Investments of a Subsidiary acquired after the Closing Date or of a corporation merged into the U.S. Borrower or merged
into or consolidated with a Subsidiary in accordance with Section 6.05 after the Closing Date to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger or consolidation and were in
existence on the date of such acquisition, merger or consolidation; and 
 (r) Investments received
substantially contemporaneously in exchange for Equity Interests of the U.S. Borrower; provided that such Investments are not added in any determination of the Available Investment Basket Amount; 
 (s) any Investment in any person that, as a result of such Investment, becomes a Domestic Subsidiary and an Indenture
Restricted Subsidiary if, in the good faith determination of the Board of Directors of the U.S. Borrower, such Domestic Subsidiary could not transfer all Principal Properties held by such Domestic Subsidiary to the U.S. Borrower or take other
actions to avoid such Domestic Subsidiary’s being an Indenture Restricted Subsidiary, in each case without subjecting the U.S. Borrower or any of the other Subsidiaries to (a) liabilities that could reasonably be expected to have a
Material Adverse Effect or (b) material liability (other than in respect of Indebtedness or trade obligations); provided that no Investments may be made pursuant to this Section 6.04(s) if, immediately after giving effect

  

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thereto, the sum of all such Investments made pursuant to this Section 6.04(s) (valued at the time of the making thereof, and without giving effect to any write-downs or write-offs thereof,
but after deducting any return of capital actually received by the U.S. Borrower or the respective Subsidiary in respect of investments theretofore made by them pursuant to this Section 6.04(s)) would exceed 2.5% of Consolidated Total Assets as
of the end of the fiscal quarter of the U.S. Borrower immediately prior to the date of such Investment for which financial statements have been delivered pursuant to Section 5.04; 
 (t) Investments in joint ventures not in excess of $15.0 million in the aggregate; 
 (u) Guarantees by the U.S. Borrower or any Subsidiary of operating leases (other than Capital Lease Obligations) or of other
obligations that do not constitute Indebtedness, in each case entered into by any Subsidiary in the ordinary course of business; 
 (v) Investments in connection with the purchase, cancellation, or repayment of the Industrial Revenue Bonds (as defined in the November 2006 Credit Agreement) (at par or at a premium); 
 (w) Investments consisting of the redemption, purchase, repurchase or retirement of any Equity Interests permitted under
Section 6.06; 
 (x) Investments in the ordinary course of business consisting of Uniform Commercial Code
Article 3 endorsements for collection or deposit and Uniform Commercial Code Article 4 customary trade arrangements with customers consistent with past practices; 
 (y) 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 U.S. Borrower or its Subsidiaries; and 
 (z) Investments by U.S. Borrower and its
Subsidiaries, including loans to any direct or indirect parent of the U.S. Borrower, if the U.S. Borrower or any other Subsidiary would otherwise be permitted to make a dividend or distribution in such amount (provided that the amount of any such
Investment shall also be deemed to be a distribution under the appropriate clause of Section 6.06 for all purposes of this Agreement). 
 The amount of Investments that may be made at any time pursuant to (a) either Section 6.04(b) or 6.04(j) (such Sections, the “Related Sections”) may, at the election of the U.S. Borrower, be increased by the
amount of Investments that could be made at such time under the other Related Section; provided that the amount of each such increase in respect of one Related Section shall be treated as having been used under the other Related Section or
(b) Section 6.04(s) may, at the election of the U.S. Borrower, be increased by the amount of Investments that could be made at such time under Section 6.04(j); provided that the amount of each such increase shall be treated as
having been used under 6.04(j). 
  

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 SECTION 6.05. Mergers, Consolidations, Sales of Assets and
Acquisitions. Merge into or consolidate with any other person, or permit any other person to merge into or consolidate with it, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or any part
of its assets (whether now owned or hereafter acquired), or issue, sell, transfer or otherwise dispose of any Equity Interests of any Subsidiary or, except to the extent otherwise permitted by Section 6.01, any Disqualified Stock of the U.S.
Borrower, or purchase, lease or otherwise acquire (in one transaction or a series of transactions) all or any substantial part of the assets of any other person, except that this Section shall not prohibit: 
 (a) (i) the lease, purchase and sale of inventory in the ordinary course of business by the U.S. Borrower or any
Subsidiary, (ii) the acquisition or lease (pursuant to an operating lease) of any other asset in the ordinary course of business by the U.S. Borrower or any Subsidiary, (iii) the sale of surplus, obsolete or worn out equipment or other
property in the ordinary course of business by the U.S. Borrower or any Subsidiary or (iv) the sale of Permitted Investments in the ordinary course of business; 
 (b) if at the time thereof and immediately thereafter no Event of Default shall have occurred and be continuing or would
result therefrom, (i) the merger of any Subsidiary into the U.S. Borrower in a transaction in which the U.S. Borrower is the survivor, (ii) the merger or consolidation of any Domestic Subsidiary into or with any Domestic Subsidiary Loan
Party in a transaction in which the surviving or resulting entity is a Domestic Subsidiary Loan Party or the merger or consolidation of any Foreign Subsidiary into or with any Foreign Subsidiary Loan Party in a transaction in which the surviving or
resulting entity is a Foreign Subsidiary Loan Party and, in the case of each of clauses (i) and (ii), no person other than the U.S. Borrower or a Subsidiary Loan Party receives any consideration, (iii) the merger or consolidation of any
Subsidiary that is not a Subsidiary Loan Party into or with any other Subsidiary that is not a Subsidiary Loan Party, (iv) the liquidation or dissolution or change in form of entity of any Subsidiary (other than any Borrower) if the U.S.
Borrower determines in good faith that such liquidation, dissolution or change in form is in the best interests of the U.S. Borrower and is not materially disadvantageous to the Lenders or (v) any Subsidiary may merge with any other person in
order to effect an Investment permitted pursuant to Section 6.04 so long as the continuing or surviving person shall be a Subsidiary; 
 (c) sales, transfers, leases, licenses or other dispositions to the U.S. Borrower or a Subsidiary (upon voluntary liquidation or otherwise); provided that any sales, transfers, leases or other
dispositions by a Loan Party to a Subsidiary that is not a Subsidiary Loan Party in reliance on this

  

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paragraph (c) (other than transactions referenced in Section 6.07(a)(xi)) shall not in the aggregate exceed, in any fiscal year of the U.S. Borrower, 5% of Consolidated Total Assets as
of the end of the fiscal quarter immediately prior to the date of such sale, transfer, lease, license or other disposition for which financial statements have been delivered pursuant to Section 5.04; 
 (d) Sale and Lease-Back Transactions permitted by Section 6.03; 
 (e) Investments permitted by Section 6.04, Liens permitted by Section 6.02, Dividends permitted by
Section 6.06 and purchases and leases permitted by Section 6.10; 
 (f) any swap of assets in exchange
for services or other assets in the ordinary course of business of comparable or greater value or usefulness to the business of the U.S. Borrower and the Subsidiaries as a whole, as determined in good faith by the management of the U.S. Borrower,
which in the event of a swap with a fair market value in excess of (x) $10.0 million shall be evidenced by a certificate from a Responsible Officer of the U.S. Borrower and (y) $25.0 million shall be set forth in a resolution approved in
good faith by at least a majority of the Board of Directors of the U.S. Borrower; 
 (g) the sale of defaulted
receivables in the ordinary course of business and not as part of an accounts receivables financing transaction; 
 (h) sales, transfers, leases, licenses or other dispositions of assets not otherwise permitted by this Section 6.05 to the extent not constituting (in one transaction or in a series of related transactions) the disposition of all or
substantially all of the assets of the U.S. Borrower and its Subsidiaries on a consolidated basis; provided that the Net Proceeds thereof are applied in accordance with Section 2.12(b); 
 (i) Permitted Business Acquisitions (including any merger, consolidation or asset acquisition in connection with a Permitted
Business Acquisition); provided that following any such merger or consolidation (i) involving any Borrower, such Borrower is the surviving corporation (and, if such merger or consolidation involves the U.S. Borrower, the U.S. Borrower is
the surviving corporation), (ii) involving a Domestic Subsidiary, the surviving or resulting entity shall be a Domestic Subsidiary Loan Party that is a Wholly Owned Subsidiary and (iii) involving a Foreign Subsidiary, the surviving or
resulting entity shall be a Wholly Owned Subsidiary and, if such Foreign Subsidiary is a Foreign Subsidiary Loan Party, the surviving or resulting entity shall be a Foreign Subsidiary Loan Party; 
 (j) leases, licenses, cross-licensing arrangements, or subleases or sublicenses of any real or personal property (including
any technology or other intellectual property) of the U.S. Borrower or any Subsidiary in the ordinary course of business; 
  

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 (k) sales, leases or other dispositions of inventory of the U.S. Borrower
and the Subsidiaries determined by the management of the U.S. Borrower to be no longer useful or necessary in the operation of the business of the U.S. Borrower or any of the Subsidiaries; provided that the Net Proceeds thereof are applied in
accordance with Section 2.12(b); 
 (l) acquisitions and purchases made with the proceeds of any asset sale
pursuant to the first proviso of paragraph (a) of the definition of “Net Proceeds”; and 
 (m)
dispositions of accounts receivable in an aggregate amount not to exceed $100.0 million per fiscal quarter of the U.S. Borrower. 
 Notwithstanding anything to the contrary contained in Section 6.05 above, (i) [reserved], (ii) no sale, transfer or other disposition of assets shall be permitted by this Section 6.05 (other than sales, transfers,
leases, licenses or other dispositions to Loan Parties) unless such disposition is for fair market value and (iii) no sale, transfer or other disposition of assets shall be permitted by paragraph (a), (d), (h) or (k) of this
Section 6.05 unless such disposition is for at least 75% cash consideration; provided that the provisions of clause (iii) shall not apply to any individual transaction or series of related transactions involving assets with a fair
market value of less than $10.0 million; and provided, further, that for purposes of clause (iii) (a) the amount of any liabilities (as shown on the U.S. Borrower’s or any Subsidiary’s most recent balance sheet or in the
notes thereto) of the U.S. Borrower or any Subsidiary of the U.S. Borrower (other than liabilities that are by their terms subordinated to the Obligations) that are assumed by the transferee of any such assets, (b) any notes or other
obligations or other securities or assets received by the U.S. Borrower or such Subsidiary of the U.S. Borrower from such transferee that are converted by the U.S. Borrower or such Subsidiary of the U.S. Borrower into cash within 180 days of the
receipt thereof (to the extent of the cash received) and (c) any Designated Non-Cash Consideration received by the U.S. Borrower or any of its Subsidiaries in such transaction having an aggregate fair market value, taken together with all other
Designated Non-Cash Consideration received pursuant to this clause (c) that is at that time outstanding, not to exceed $35 million at the time of the receipt of such Designated Non-Cash Consideration (with the fair market value of each item of
Designated Non-Cash Consideration being measured at the time received and without giving effect to subsequent changes in value) shall, in each case of clause (a), (b) and (c), be deemed to be cash. To the extent any Collateral is disposed of in
a transaction permitted by this Section 6.05 to any person other than a Loan Party, such Collateral shall be sold free and clear of the Liens created by the Loan Documents, and the Administrative Agent shall take, and shall be authorized by
each Lender to take, any actions reasonably requested by the U.S. Borrower in order to evidence the foregoing. 
 SECTION 6.06. Dividends and Distributions. Declare or pay, directly or indirectly, any dividend or make, directly or indirectly, any other distribution (by reduction of capital or otherwise), whether in cash, property, securities or
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(other than dividends and distributions on Equity Interests payable solely by the issuance of additional Equity Interests of the person paying such dividends or distributions) or directly or
indirectly redeem, purchase, retire or otherwise acquire for value (or permit any Subsidiary of the U.S. Borrower to purchase or acquire) any of its Equity Interests or set aside any amount for any such purpose (other than through the issuance of
additional Equity Interests of the person redeeming, purchasing, retiring or acquiring such shares) (any of the foregoing dividends, distributions, redemptions, repurchases, retirements, other acquisitions or setting aside of amounts,
“Dividends”); provided, however, that: 
 (a) any Subsidiary may declare and pay
dividends to, repurchase its Equity Interests from or make other distributions to the U.S. Borrower or to any Wholly Owned Subsidiary of the U.S. Borrower (or, in the case of non-Wholly Owned Subsidiaries, to the U.S. Borrower or any Subsidiary that
is a direct or indirect parent of such Subsidiary and to each other owner of Equity Interests of such Subsidiary on a pro rata basis (or more favorable basis from the perspective of the U.S. Borrower or such Subsidiary) based on their
relative ownership interests); 
 (b) prior to a Qualified IPO, the U.S. Borrower may declare and pay dividends
or make other distributions to Holdings in respect of (i) overhead, tax liabilities of Holdings, legal, accounting and other professional fees and expenses, (ii) fees and expenses related to any public offering or private placement of debt
or equity securities, investment or acquisition permitted hereunder (whether or not successful), (iii) franchise taxes and other fees, taxes and expenses in connection with the maintenance of its existence and its ownership of the U.S.
Borrower, and in order to permit Holdings to make payments permitted by Section 6.07(b) and (iv) customary salary, bonus and other benefits payable to, and indemnities provided on behalf of, officers and employees of Holdings or any direct
or indirect parent of the U.S. Borrower, in each case in order to permit Holdings or any direct or indirect parent of the U.S. Borrower to make such payments; 
 (c) the U.S. Borrower may purchase or redeem (and the U.S. Borrower may declare and pay dividends or make other
distributions to Holdings prior to a Qualified IPO, the proceeds of which are used so to purchase or redeem) Equity Interests of Holdings (prior to a Qualified IPO) or the U.S. Borrower (including related stock appreciation rights or similar
securities) held by then present or former directors, consultants, officers or employees of Holdings (prior to a Qualified IPO), the U.S. Borrower or any of the Subsidiaries or by any Plan or any shareholders’ agreement then in effect upon such
person’s death, disability, retirement or termination of employment or under the terms of any such Plan or any other agreement under which such shares of stock or related rights were issued; provided that the aggregate amount of such
purchases or redemptions under this paragraph (c) shall not exceed in any fiscal year $25.0 million (plus the amount of net proceeds (x) received by Holdings (to the extent contributed to the U.S.

  

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Borrower) or the U.S. Borrower during such calendar year from sales of Equity Interests of Holdings (prior to a Qualified IPO) or the U.S. Borrower, to directors, consultants, officers or
employees of Holdings (prior to a Qualified IPO), the U.S. Borrower or any Subsidiary in connection with permitted employee compensation and incentive arrangements and (y) of any key-man life insurance policies received during such calendar
year), which, if not used in any year, may be carried forward to any subsequent calendar year; 
 (d) noncash
repurchases of Equity Interests deemed to occur upon exercise of stock options if such Equity Interests represent a portion of the exercise price of such options are permitted hereunder; 
 (e) the U.S. Borrower may declare and pay on the Closing Date cash dividends to Holdings of (i) up to
$200.0 million with the proceeds of the Term Loans drawn on the Closing Date and (ii) up to $350.0 million solely with the proceeds of the Equity Financing, and Holdings may declare and pay dividends or make other distributions with
such proceeds; provided that the payment by the U.S. Borrower of up to $50.0 million of any such dividends declared on the Closing Date may be deferred and paid on a later date so long as no Default or Event of Default shall have occurred and
be continuing on such date or would result therefrom; 
 (f) after a Qualified IPO, the U.S. Borrower may pay
dividends and make distributions to, or repurchase or redeem shares from, its equity holders in an aggregate amount equal to (i) $100.0 million in any fiscal year plus (ii) the cash proceeds to the U.S. Borrower of the
substantially contemporaneous issuance, sale or exchange of Equity Interests of the U.S. Borrower (so long as such proceeds are not included in any determination of the Available Investment Basket Amount) plus (iii) the portion, if any,
of the Available Investment Basket Amount on the date of such election that the U.S. Borrower elects to apply to this Section 6.06(f)(iii); provided that, with respect to clause (iii), at the time of such dividend or distribution
and after giving effect thereto and to any borrowing in connection therewith, the Consolidated Leverage Ratio on a Pro Forma Basis does not exceed 5.75:1.00 and no Default or Event of Default shall have occurred and be continuing; 
 (g) [reserved]; 
 (h) the U.S. Borrower may pay additional Dividends or make other distributions to Holdings and to persons other than the Fund or any of its Affiliates in an aggregate amount with all other Dividends and
other distributions made pursuant to this clause (h) not to exceed $50.0 million; 
 (i) the U.S. Borrower
may make Constructive Distributions; 
  

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 (j) the U.S. Borrower or any Subsidiary may make distributions to minority
shareholders of any subsidiary that is acquired pursuant to a Permitted Business Acquisition pursuant to appraisal or dissenters’ rights with respect to shares of such subsidiary held by such shareholders; 
 (k) the U.S. Borrower may consummate the November 2006 Transactions (and declare and pay the dividends and distributions
contemplated thereby); 
 (l) the U.S. Borrower may pay dividends or distributions to allow Holdings or any
direct or indirect parent of the U.S. Borrower to make payments in cash, in lieu of the issuance of fractional shares, upon the exercise of warrants or upon the conversion or exchange of Equity Interests of any such person; and 
 (m) the U.S. Borrower may make dividends or distributions to Holdings or any direct or indirect parent of the U.S. Borrower
to finance any Investment permitted to be made pursuant to Section 6.04; provided that (A) such dividends or distributions shall be made substantially concurrently with the closing of such Investment and (B) such direct or
indirect parent of the U.S. Borrower shall, immediately following the closing thereof, cause (1) all property acquired (whether assets or Equity Interests) to be contributed to the U.S. Borrower or a Subsidiary or (2) the merger (to the
extent permitted in Section 6.05) of the person formed or acquired into the U.S. Borrower or a Subsidiary in order to consummate such Permitted Business Acquisition or Investment, in each case, subject to the requirements of Section 5.10.

 SECTION 6.07. Transactions with Affiliates. (a) Sell or transfer any property or assets to, or
purchase or acquire any property or assets from, or otherwise engage in any other transaction with, any of its Affiliates or any known direct or indirect holder of 10% or more of any class of capital stock of Holdings (prior to a Qualified IPO) or
the U.S. Borrower in a transaction involving aggregate consideration in excess of $5.0 million, unless such transaction is (i) otherwise expressly permitted (or required) with such Affiliates or holders under this Agreement or (ii) upon
terms no less favorable to the U.S. Borrower or such Subsidiary, as applicable, than would be obtained in a comparable arm’s length transaction with a person that is not an Affiliate; provided that this clause (ii) shall not apply
to (A) the payment to the Fund of the monitoring and management fees referred to in paragraph (b) below or fees payable on the Closing Date or the November 2006 Amendment Effective Date, (B) the indemnification of directors of
Holdings (prior to a Qualified IPO), the U.S. Borrower or the Subsidiaries in accordance with customary practice or (C) to the extent otherwise permitted under this Agreement (each of which shall not be prohibited by this Section 6.07),
the following: 
 (i) any issuance of securities, or other payments, awards or grants in cash, securities or
otherwise pursuant to, or the funding of, employment arrangements, equity purchase agreements, stock options and stock ownership plans approved by the Board of Directors of Holdings (prior to a Qualified IPO) or the U.S. Borrower; 
  

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 (ii) loans or advances to employees or consultants of Holdings (prior to a
Qualified IPO), the U.S. Borrower or any of the Subsidiaries in accordance with Section 6.04(e); 
 (iii)
transactions among the U.S. Borrower or any Subsidiary not prohibited by this Agreement; 
 (iv) the payment of
fees, reasonable out-of-pocket costs and indemnities to directors, officers, consultants and employees of Holdings (prior to a Qualified IPO), the U.S. Borrower and the Subsidiaries in the ordinary course of business; 
 (v) transactions pursuant to the 2005 Transaction Documents and permitted agreements in existence on the Closing Date and set
forth on Schedule 6.07 to the 2005 Credit Agreement or any amendment thereto to the extent such amendment is not adverse to the Lenders in any material respect; 
 (vi) (A) any employment agreements entered into by the U.S. Borrower or any of the Subsidiaries in the ordinary course
of business, (B) any subscription agreement or similar agreement pertaining to the repurchase of Equity Interests pursuant to put/call rights or similar rights with employees, officers or directors, and (C) any employee compensation,
benefit plan or arrangement, any health, disability or similar insurance plan which covers employees, and any reasonable employment contract and transactions pursuant thereto; 
 (vii) dividends, redemptions and repurchases (including payments to Holdings or any direct or indirect parent of the U.S.
Borrower) permitted under Section 6.06; 
 (viii) any purchase by the Fund or any Fund Affiliate of Equity
Interests of Holdings (prior to a Qualified IPO) or the U.S. Borrower (after a Qualified IPO) or any contribution prior to a Qualified IPO by Holdings to, or purchase prior to a Qualified IPO by Holdings of, the equity capital of the U.S. Borrower;
provided that prior to a Qualified IPO any Equity Interests of the U.S. Borrower purchased by Holdings shall be pledged to the Administrative Agent on behalf of the Lenders pursuant to the Collateral Agreement; 
 (ix) payments by the U.S. Borrower or any of the Subsidiaries to the Fund or any Fund Affiliate made for any customary
financial advisory, financing, underwriting or placement services or in respect of other investment banking activities, including in connection with acquisitions or divestitures, which payments are approved by the majority of the Board of Directors
of Holdings (prior to a Qualified IPO), or the U.S. Borrower, or a majority of disinterested members of such Board, in good faith; 
 (x) payments or loans (or cancellation of loans) to employees or consultants that are (i) approved by a majority of the Board of Directors or the managing member of the U.S. Borrower in good faith,
(ii) made in compliance with applicable law and (iii) otherwise permitted under this Agreement; 
  

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 (xi) transactions with Wholly Owned Subsidiaries for the purchase or sale of
goods, products, parts and services entered into in the ordinary course of business in a manner consistent with past practice; 
 (xii) any transaction in respect of which the U.S. Borrower delivers to the Administrative Agent (for delivery to the Lenders) a letter addressed to the Board of Directors of the U.S. Borrower from an
accounting, appraisal or investment banking firm, in each case of nationally recognized standing that is (a) in the good faith determination of the U.S. Borrower qualified to render such letter and (b) reasonably satisfactory to the
Administrative Agent, which letter states that such transaction is on terms that are no less favorable to the U.S. Borrower or such Subsidiary, as applicable, than would be obtained in a comparable arm’s-length transaction with a person that is
not an Affiliate; 
 (xiii) subject to paragraph (b) below, the payment of all fees, expenses, bonuses and
awards related to the 2005 Transactions contemplated by the 2005 Transaction Agreement, including fees to the Fund or any Fund Affiliate; 
 (xiv) transactions with customers, clients, suppliers, or purchasers or sellers of goods or services, in each case in the ordinary course of business and otherwise in compliance with the terms of this
Agreement that are fair to the U.S. Borrower or the Subsidiaries; 
 (xv) transactions between the U.S. Borrower
or any of the Subsidiaries and any person, a director of which is also a director of the U.S. Borrower or any direct or indirect parent company of the U.S. Borrower, provided, however, that (A) such director abstains from voting
as a director of the U.S. Borrower or such direct or indirect parent company, as the case may be, on any matter involving such other person and (B) such person is not an Affiliate of the U.S. Borrower for any reason other than such
director’s acting in such capacity; 
 (xvi) transactions with joint ventures for the purchase or sale of
goods, equipment and services entered into in the ordinary course of business and in a manner consistent with past practice; 
 (xvii) transactions permitted by, and complying with, the provisions of Section 6.05; 
 (xviii) transactions described in the New 1-1/2 Lien Notes Offering Memorandum under the heading “Certain Relationships and Related Party Transactions”; 
 (xix) [reserved]; 
 (xx) intercompany transactions for the purpose of improving the consolidated tax efficiency of the U.S. Borrower and the Subsidiaries; and 
 (xxi) payments by Holdings (and any direct or indirect parent of the U.S. Borrower), the U.S. Borrower and the Subsidiaries
pursuant to tax sharing agreements among Holdings (and any direct or indirect parent of the U.S. Borrower), the U.S. Borrower and the Subsidiaries on customary terms that require each party to make

  

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payments when such taxes are due or refunds received of amounts equal to the income tax liabilities and refunds generated by each such party calculated on a separate return basis and payments to
the party generating tax benefits and credits of amounts equal to the value of such tax benefits and credits made available to the group by such party. 
 (b) Make any payment of or on account of monitoring or management or similar fees payable to the Fund or any Fund Affiliate unless no Default or Event of Default has occurred and is continuing and the
aggregate amount of such payments in any fiscal year does not exceed the sum of (i) the greater of (x) $3.0 million and (y) 2% of EBITDA of the U.S. Borrower and the Subsidiaries on a consolidated basis for the immediately preceding
fiscal year; plus (ii) any deferred fees, plus (iii) 1.5% of the value of transactions with respect to which the Fund or any Fund Affiliate provides any transaction, advisory or other services, plus (iv) in the
event of a Qualified IPO, the present value of all future amounts payable pursuant to any agreement governing the payment of any such fees in connection with the termination of such agreement with the Fund and its Fund Affiliates; provided,
that if any such payment pursuant to clause (iv) is not permitted to be paid as a result of an Event of Default, such payment shall accrue and may be payable when no Events of Default are continuing to the extent that no further Event of
Default would result therefrom. 
 SECTION 6.08. Business of the U.S. Borrower and the Subsidiaries.
Notwithstanding any other provisions hereof, engage at any time in any business or business activity other than: 
 (a) in the case of the U.S. Borrower and any Material Subsidiary (other than the Existing Notes Issuers and the New Notes Issuers), any business or business activity conducted by any of them on the Closing Date and any business or business
activities incidental or related thereto, or any business or activity that is reasonably similar or complementary thereto or a reasonable extension, development or expansion thereof or ancillary thereto, including the consummation of the
Transactions; 
 (b) [reserved]; 
 (c) in the case of any Existing Notes Issuer or New Notes Issuer, (i) ownership of intercompany loans,
(ii) performance of its obligations under and in connection with the Existing Notes Documents, the New 1-1/2 Lien Notes Documents and any First Lien Notes, as applicable (and the documents governing any Permitted Refinancing Indebtedness in
respect of the Existing Notes, the New 1-1/2 Lien Notes or any First Lien Notes) and the Loan Documents and (iii) actions required by law to maintain its existence. 
  

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 SECTION 6.09. Limitation on Modifications and Payments of Indebtedness;
Modifications of Certificate of Incorporation, By-Laws and Certain Other Agreements; etc. (a) Amend or modify in any manner materially adverse to the Lenders, or grant any waiver or release under or terminate in any manner (if such granting
or termination shall be materially adverse to the Lenders), the articles or certificate of incorporation or by-laws or limited liability company operating agreement or other organizational documents of the U.S. Borrower or any Subsidiary Loan Party
or any Material Subsidiary the equity of which is pledged pursuant to a Security Document. 
 (b) Amend or
modify, or permit the amendment or modification of, (i) any provision of the Existing Notes or the New 1-1/2 Lien Notes (or any Permitted Refinancing Indebtedness in respect thereof) or any agreement (including any document relating to the
Existing Notes or the New 1-1/2 Lien Notes (or any Permitted Refinancing Indebtedness in respect thereof)) relating thereto, other than amendments or modifications that (1) are not in any manner materially adverse to Lenders and that do not
affect the subordination provisions thereof (if any) in a manner adverse to the Lenders or (2) otherwise comply with the definition of “Permitted Refinancing Indebtedness”. 
 (c) Permit any Material Subsidiary or, in the case of clause (ii) below, the U.S. Borrower, to enter into any agreement
or instrument that by its terms restricts (i) the payment of dividends or distributions or the making of cash advances by such Material Subsidiary to Holdings, the U.S. Borrower or any Subsidiary that is a direct or indirect parent of such
Subsidiary or (ii) the granting of Liens by such Material Subsidiary or the U.S. Borrower pursuant to the Security Documents, in each case other than those arising under any Loan Document, except, in each case, restrictions existing by reason
of: 
 (A) restrictions imposed by applicable law; 
 (B) contractual encumbrances or restrictions (i) in effect on the Amendment Effective Date (including under the Existing
Note Documents and the New 1-1/2 Lien Notes Documents), (ii) under the First Lien Notes, (iii) on the granting of Liens pursuant to documentation governing Indebtedness incurred in compliance with Section 6.01 that is secured by Liens
pursuant to Section 6.02(b), (v), (w) and (ii), in each case no less favorable to the Lenders than those restrictions set forth in any Existing Notes Documents, the Existing Second Secured Notes Documents or under the New 1-1/2 Lien Notes
on the Amendment Effective Date, or (iv) pursuant to documentation related to any permitted renewal, extension or refinancing of any Indebtedness existing on the Amendment Effective Date that does not expand the scope of any such encumbrance or
restriction; 
 (C) any restriction on a Subsidiary imposed pursuant to an agreement entered into for the sale or
disposition of all or substantially all the Equity Interests or assets of such Subsidiary pending the closing of such sale or disposition; 
  

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 (D) customary provisions in joint venture agreements and other similar
agreements applicable to joint ventures entered into in the ordinary course of business; 
 (E) any restrictions
imposed by any agreement relating to secured Indebtedness permitted by this Agreement (other than Indebtedness secured by Second-Priority Liens on the Collateral) to the extent that such restrictions apply only to the property or assets securing
such Indebtedness; 
 (F) customary provisions contained in leases or licenses of intellectual property and other
similar agreements entered into in the ordinary course of business; 
 (G) customary provisions restricting
subletting or assignment of any lease governing a leasehold interest; 
 (H) customary provisions restricting
assignment of any agreement entered into in the ordinary course of business; 
 (I) customary restrictions and
conditions contained in any agreement relating to the sale, transfer, lease or other disposition of any asset permitted under Section 6.05 pending the consummation of such sale, transfer, lease or other disposition; 
 (J) any agreement in effect at the time such subsidiary becomes a Subsidiary, so long as such agreement was not entered into
in contemplation of such person becoming a Subsidiary and such restriction does not apply to the U.S. Borrower or any other Subsidiary; 
 (K) customary net worth provisions contained in real property leases entered into by Subsidiaries of the U.S. Borrower, so long as the U.S. Borrower has determined in good faith that such net worth
provisions would not reasonably be expected to impair the ability of the U.S. Borrower and its Subsidiaries to meet their ongoing obligations; 
 (L) restrictions in agreements representing Indebtedness permitted under Section 6.01 of a Subsidiary of the U.S. Borrower that is not a Subsidiary Loan Party; 
 (M) restrictions on cash or other deposits imposed by customers under contracts entered into in the ordinary course of
business; or 
 (N) any encumbrances or restrictions of the type referred to in Sections 6.09(c)(i) and
6.09(c)(ii) above imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (B) and (J) above;
provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in

  

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the good faith judgment of the U.S. Borrower, no more restrictive with respect to such dividend and other payment restrictions than those contained in the dividend or other payment restrictions
prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 
 SECTION 6.10. Capital Expenditures. Permit the U.S. Borrower or the Subsidiaries to make any Capital Expenditure, except that: 
 (a) During any fiscal year the U.S. Borrower and the Subsidiaries may make Capital Expenditures so long as the aggregate
amount thereof (excluding expenditures pursuant to subsections 6.10(b) and (c)) does not exceed the sum of (i) $225.0 million, (ii) 10% of Acquired Assets for such fiscal year (the “Acquired Assets Amount”), and
(iii) for each fiscal year after any Acquired Assets Amount is initially included in clause (ii) above, 5% of such Acquired Assets Amount, calculated on a cumulative basis. 
 (b) Notwithstanding anything to the contrary contained in paragraph (a) above, to the extent that the aggregate amount
of Capital Expenditures made by the U.S. Borrower and the Subsidiaries in any fiscal year of the U.S. Borrower pursuant to Section 6.10(a) is less than the amount set forth for such fiscal year, the amount of such difference may be carried
forward and used to make Capital Expenditures in the next two succeeding fiscal years. 
 (c) In addition to the
Capital Expenditures permitted pursuant to the preceding paragraphs (a) and (b), the U.S. Borrower and the Subsidiaries may make additional Capital Expenditures at any time in an amount not to exceed the portion, if any, of the Available
Investment Basket Amount on the date of such Capital Expenditure that the U.S. Borrower elects to apply to this Section 6.10(c). 
 SECTION 6.11. Senior Secured Bank Leverage Ratio. Permit the Senior Secured Bank Leverage Ratio on the last day of any fiscal quarter to be in excess of 4.25 to 1.00. 
 SECTION 6.12. Indenture Restricted Subsidiaries. Create, acquire or otherwise permit to exist any Indenture Restricted
Subsidiary other than pursuant to Section 6.04(s). 
 SECTION 6.13. Swap Agreements. Enter into any
Swap Agreement other than (a) Swap Agreements entered into in the ordinary course of business to hedge or mitigate risks to which the U.S. Borrower or any Subsidiary is exposed in the conduct of its business or the management of its liabilities
(including raw material, supply costs and currency risks), (b) Swap Agreements entered into in order to effectively cap, collar or exchange 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 Holdings (prior to a

  

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Qualified IPO), the U.S. Borrower or any Subsidiary, and (c) Swap Agreements entered into in order to swap currency in connection with funding the business of Holdings, the U.S. Borrower and
the Subsidiaries in the ordinary course of business. 
 ARTICLE VIA 
 Holdings Negative Covenants 
 SECTION 6.01A.
Holdings Negative Covenants. Holdings covenants and agrees with each Lender that, so long as this Agreement shall remain in effect (other than in respect of contingent indemnification and expense reimbursement obligations for which no claim
has been made), until the earlier of (i) the consummation of a Qualified IPO and (ii) the date on which the Commitments have been terminated and the principal of and interest on each Loan, all Fees and all other expenses or amounts payable
under any Loan Document have been paid in full and all Letters of Credit have been canceled or have expired and all amounts drawn thereunder have been reimbursed in full, unless the Required Lenders shall otherwise consent in writing,
(a) Holdings will not create, incur, assume or permit to exist any Lien (other than Liens of a type described in Section 6.02(d), (e), (k) or (q)) on any of the Equity Interests issued by the U.S. Borrower to Holdings other than the
Liens created under the Loan Documents and Liens securing any First Lien Notes constituting Other First Lien Obligations on a pari passu basis with the Liens created under the Loan Documents and (b) Holdings shall do or cause to be done
all things necessary to preserve, renew and keep in full force and effect its legal existence; provided, that so long as no Default exists or would result therefrom, Holdings may merge with any other person. 
 ARTICLE VII 
 Events of Default 
 SECTION 7.01. Events of Default. In case of the happening of any of
the following events (“Events of Default”): 
 (a) any representation or warranty made or
deemed made by the U.S. Borrower or any other Loan Party in any Loan Document, or any representation, warranty, statement or information contained in any report, certificate, financial statement or other instrument furnished in connection with or
pursuant to any Loan Document (other than the representations and warranties of the Dutch Borrower set forth in Section 3.24 being untrue in any material respect by reason of any representation and warranty of a Lender or Issuing Bank set forth
in Section 9.22 or in paragraph 2 of an Assignment and Acceptance being untrue (but without prejudice to the other rights of the Lenders and the Administrative Agent under this Agreement or under applicable law and without prejudice to any
other Event of Default that may occur by reason of any representation set out in Section 3.24 being untrue in any material respect)), shall prove to have been false or misleading in any material respect when so made, deemed made or furnished by
the U.S. Borrower or any other Loan Party; 
  

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 (b) default shall be made in the payment of any principal of any Loan when
and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or by acceleration thereof or otherwise; 
 (c) default shall be made in the payment of any interest on any Loan or on any L/C Disbursement, the reimbursement with
respect to any L/C Disbursement or in the payment of any Fee or any other amount (other than an amount referred to in paragraph (b) above) due under any Loan Document, when and as the same shall become due and payable, and such default shall
continue unremedied for a period of five Business Days; 
 (d) any default shall be made in the due observance
or performance by the U.S. Borrower (or, with respect to Section 5.08, the Dutch Borrower) of any covenant, condition or agreement contained in Section 5.01(a) (with respect to the U.S. Borrower), 5.05(a), 5.08 or in Article VI;

 (e) default shall be made in the due observance or performance by the U.S. Borrower or any Subsidiary Loan
Party of any covenant, condition or agreement contained in any Loan Document (other than those specified in paragraphs (b), (c) and (d) above) and such default shall continue unremedied for a period of 30 days after notice thereof
from the Administrative Agent to the U.S. Borrower; 
 (f) (i) any event or condition occurs that
(a) results in any Material Indebtedness becoming due prior to its scheduled maturity or (b) enables or permits (with all applicable grace periods having expired) the holder or holders of any Material Indebtedness or any trustee or agent
on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity or (ii) Holdings (prior to a Qualified IPO) or the U.S.
Borrower or any Subsidiary shall fail to pay the principal of any Material Indebtedness at the stated final maturity thereof; provided that this clause (f) shall not apply to secured Indebtedness that becomes due as a result of the
voluntary sale or transfer of the property or assets securing such Indebtedness if such sale or transfer is permitted hereunder and under the documents providing for such Indebtedness; 
 (g) there shall have occurred a Change in Control; 
 (h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed in a court of competent
jurisdiction seeking (i) relief in respect of Holdings (prior to a Qualified IPO), the U.S. Borrower or any of its subsidiaries, or of a substantial part of the property or assets of Holdings

  

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(prior to a Qualified IPO), the U.S. Borrower or any of its subsidiaries, under Title 11 of the United States Code, as now constituted or hereafter amended, or any other federal, state or
foreign bankruptcy, moratorium, insolvency, receivership or similar law, (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings (prior to a Qualified IPO), the U.S. Borrower or any of
its subsidiaries or for a substantial part of the property or assets of Holdings (prior to a Qualified IPO), the U.S. Borrower or any of its subsidiaries or (iii) the winding-up or liquidation of Holdings (prior to a Qualified IPO), the U.S.
Borrower or any of its subsidiaries (except, in the case of any subsidiary (other than any Borrower), in a transaction permitted by Section 6.05); and such proceeding or petition shall continue undismissed for 60 days or an order or decree
approving or ordering any of the foregoing shall be entered; 
 (i) Holdings (prior to a Qualified IPO), the
U.S. Borrower or any of its subsidiaries shall (i) voluntarily commence any proceeding or file any petition seeking relief under Title 11 of the United States Code, as now constituted or hereafter amended, or any other federal, state or foreign
bankruptcy, moratorium, insolvency, receivership or similar law, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or the filing of any petition described in paragraph (h) above,
(iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings (prior to a Qualified IPO), the U.S. Borrower or any of its subsidiaries or for a substantial part of
the property or assets of Holdings (prior to a Qualified IPO), the U.S. Borrower or any of its subsidiaries, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general
assignment for the benefit of creditors or (vi) become unable, admit in writing its inability or fail generally to pay its debts as they become due; 
 (j) the failure by the Holdings (prior to a Qualified IPO), U.S. Borrower or any Subsidiary to pay one or more final judgments aggregating in excess of $25.0 million (to the extent not covered by
insurance), which judgments are not discharged or effectively waived or stayed for a period of 45 consecutive days, or any action shall be legally taken by a judgment creditor to levy upon assets or properties of Holdings (prior to a Qualified IPO),
the U.S. Borrower or any Subsidiary to enforce any such judgment; 
 (k) (i) an ERISA Event shall have
occurred, (ii) a trustee shall be appointed by a United States district court to administer any Plan, (iii) the U.S. Borrower, a Subsidiary or any ERISA Affiliate shall engage in any non-exempt “prohibited transaction” (as
defined in Section 406 of ERISA or Section 4975 of the Code) involving any Plan or (iv) any other event or condition shall occur or exist with respect to a Plan or a Multiemployer Plan; and in each case in clauses (i) through
(iv) above, such event or condition, together with all other such events or conditions, if any, could reasonably be expected to have a Material Adverse Effect; 
  

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 (l) (i) any Loan Document shall for any reason be asserted in writing
by Holdings (prior to a Qualified IPO), the U.S. Borrower or any Subsidiary Loan Party (or, in the case of any Security Document with respect to the pledge of Equity Interests of the U.S. Borrower, the pledgor thereunder) not to be a legal, valid
and binding obligation of any party thereto, (ii) any security interest purported to be created by any Security Document and to extend to a material portion of the Collateral of the U.S. Borrower and the Subsidiary Loan Parties on a
consolidated basis or (prior to a Qualified IPO) the Equity Interests of the U.S. Borrower (other than options and management shares), shall cease to be, or shall be asserted in writing by the U.S. Borrower or any other Loan Party (or, in the case
of any Security Document with respect to the pledge of Equity Interests of the U.S. Borrower, the pledgor thereunder) not to be, a valid and perfected security interest (perfected as or having the priority required by this Agreement or the relevant
Security Document and subject to such limitations and restrictions as are set forth herein and therein) in the Collateral covered thereby, except to the extent that any such loss of perfection or priority results from the limitations of foreign
laws, rules and regulations as they apply to pledges of Equity Interests in Foreign Subsidiaries (other than as set forth in any Foreign Security Document (other than with respect to Equity Interests in Subsidiaries that are not Loan Parties and are
organized under the laws of an Excluded Jurisdiction) or in any Foreign Pledge Agreement) or the application thereof, or from the failure of the Administrative Agent to maintain possession of certificates actually delivered to it representing
securities pledged under the Collateral Agreement or any Foreign Security Document or Foreign Pledge Agreement or to file Uniform Commercial Code continuation statements or take the actions described on Schedule 3.04 to the November 2006
Credit Agreement or in Section 5.14 and except to the extent that such loss is covered by a lender’s title insurance policy and the Administrative Agent shall be reasonably satisfied with the credit of such insurer, or (iii) the
Guarantees pursuant to the Security Documents by Holdings (prior to a Qualified IPO), the U.S. Borrower or any material Subsidiary Loan Parties of any of the Obligations shall cease to be in full force and effect (other than in accordance with the
terms thereof), or shall be asserted in writing by Holdings (prior to a Qualified IPO), the U.S. Borrower or any Subsidiary Loan Party not to be in effect or not to be legal, valid and binding obligations; 
 then, and in every such event (other than an event with respect to any Borrower described in paragraph (h) or (i) above), and at any time
thereafter during the continuance of such event, the Administrative Agent, at the request of the Required Lenders, shall, by notice to the U.S. Borrower, take any or all of the following actions, at the same or different times: (i) terminate
forthwith the Commitments, (ii) declare the Loans and the Canadian Borrower’s obligations in respect of B/As then outstanding to be forthwith due and payable in whole or in part, whereupon the principal of the Loans and the full face
amount of the B/As then outstanding, together with accrued interest thereon and any unpaid accrued Fees and all other liabilities of the Borrowers accrued hereunder and under any other Loan Document, shall become forthwith due and

  

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payable, without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by each of the Borrowers, anything contained herein or in any other Loan
Document to the contrary notwithstanding and (iii) if the Loans have been declared due and payable pursuant to clause (ii) above, demand cash collateral pursuant to Section 2.05(j); and in any event with respect to any Borrower
described in paragraph (h) or (i) above, the Commitments shall automatically terminate, the principal of the Loans and the full face amount of the B/As then outstanding, together with accrued interest thereon and any unpaid accrued Fees
and all other liabilities of the Borrowers accrued hereunder and under any other Loan Document, shall automatically become due and payable and the Administrative Agent shall be deemed to have made a demand for cash collateral to the full extent
permitted under Section 2.05(j), without presentment, demand, protest or any other notice of any kind, all of which are hereby expressly waived by each of the Borrowers, anything contained herein or in any other Loan Document to the contrary
notwithstanding. 
 SECTION 7.02. Exclusion of Certain Subsidiaries. Solely for the purposes of
determining whether an Event of Default has occurred under clause (h), (i), (j) or (l) of Section 7.01, any reference in any such clause to any subsidiary shall be deemed not to include any Immaterial Subsidiary (or any other
subsidiary that satisfies clauses (ii) and (iii) of the definition of Immaterial Subsidiary) affected by any event or circumstance referred to in any such clause. 
 SECTION 7.03. Right to Cure. 
 (a) Notwithstanding anything to the contrary contained in Section 7.01, in the event that the U.S. Borrower fails (or,
but for the operation of this Section 7.03, would fail) to comply with the requirements of the covenant set forth in Section 6.11, until the expiration of the 10th day subsequent to the date the certificate calculating the covenant set
forth in Section 6.11 is required to be delivered pursuant to Section 5.04(c), Holdings (prior to a Qualified IPO) and the U.S. Borrower (after a Qualified IPO) shall have the right to issue Permitted Cure Securities for cash or otherwise
receive cash contributions to its capital, and, in each case with respect to Holdings, to contribute any such cash to the capital of the U.S. Borrower (collectively, the “Cure Right”), and upon the receipt by the U.S. Borrower of
such cash (the “Cure Amount”) pursuant to the exercise by Holdings or the U.S. Borrower of such Cure Right the covenant set forth in Section 6.11 shall be recalculated giving effect to the following pro forma adjustments:

 (i) EBITDA shall be increased, solely for the purpose of measuring the covenant set forth in Section 6.11
and not for any other purpose under this Agreement, by an amount equal to the Cure Amount; and 
 (ii) If, after
giving effect to the foregoing recalculations, the U.S. Borrower shall then be in compliance with the requirements of the covenant set forth in Section 6.11, the U.S. Borrower shall be deemed to have satisfied the requirements of the covenant
set forth in Section 6.11 as of the relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach or default of the covenant set forth in Section 6.11
that had occurred shall be deemed cured for the purposes of this Agreement. 
  

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 (b) Notwithstanding anything herein to the contrary, (a) in each
four-fiscal-quarter period there shall be at least one fiscal quarter in which the Cure Right is not exercised and (b) for purposes of this Section 7.03, the Cure Amount shall be no greater than the amount required for purposes of
complying with the covenant set forth in Section 6.11. 
 ARTICLE VIII 
 The Agents 
 SECTION 8.01. Appointment. Each Lender hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender under this Agreement and the other Loan Documents, and each
such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are expressly
delegated to the Administrative Agent by the terms of this Agreement and the other Loan Documents, together with such other powers as are reasonably incidental thereto. In addition, to the extent required under the laws of any jurisdiction other
than the United States, each of the Lenders and the Issuing Banks hereby grants to the Administrative Agent any required powers of attorney to execute any Security Document governed by the laws of such jurisdiction on such Lender’s or Issuing
Bank’s behalf. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any
Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against the Administrative Agent. 
 SECTION 8.02. Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement and
the other Loan Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any
agents or attorneys-in-fact selected by it with reasonable care. 
 SECTION 8.03. Exculpatory Provisions.
Neither any Agent or its Affiliates nor any of their respective officers, directors, employees, agents, attorneys-in-fact or affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such person under or in
connection with this Agreement or any other Loan Document (except to the extent that any of the foregoing are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from its or such person’s own gross
negligence or willful misconduct) or (ii) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Loan Party or any officer thereof contained in this Agreement or any other Loan
Document or in any certificate, report, statement or other document referred to or provided for in,

  

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or received by the Agents under or in connection with, this Agreement or any other Loan Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this
Agreement or any other Loan Document or for any failure of any Loan Party a party thereto to perform its obligations hereunder or thereunder. The Agents shall not be under any obligation to any Lender to ascertain or to inquire as to the observance
or performance of any of the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or records of any Loan Party. 
 SECTION 8.04. Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely, and shall be fully
protected in relying, upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to
have been signed, sent or made by the proper person or persons and upon advice and statements of legal counsel (including counsel to Holdings (prior to a Qualified IPO) or the Borrowers), independent accountants and other experts selected by the
Administrative Agent. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent.
The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or concurrence of the Required Lenders (or, if so specified by this
Agreement, all or other Lenders) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such
action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other Loan Documents in accordance with a request of the Required Lenders (or, if so specified by this
Agreement, all or other Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans. 
 SECTION 8.05. Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the
occurrence of any Default or Event of Default unless the Administrative Agent has received notice from a Lender, Holdings (prior to a Qualified IPO) or the U.S. Borrower referring to this Agreement, describing such Default or Event of Default and
stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with
respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all or other Lenders); provided that unless and until the Administrative Agent shall have received
such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders.

  

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 SECTION 8.06. Non-Reliance on Agents and Other Lenders. Each Lender
expressly acknowledges that neither the Agents nor any of their respective officers, directors, employees, agents, attorneys-in-fact or affiliates have made any representations or warranties to it and that no act by any Agent hereafter taken,
including any review of the affairs of a Loan Party or any affiliate of a Loan Party, shall be deemed to constitute any representation or warranty by any Agent to any Lender. Each Lender represents to the Agents that it has, independently and
without reliance upon any Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, financial and other condition and
creditworthiness of the Loan Parties and their affiliates and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will, independently and without reliance upon any Agent or any other
Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents, and to
make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their affiliates. Except for notices, reports and other documents
expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business,
operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any affiliate of a Loan Party that may come into the possession of the Administrative Agent or any of its officers, directors, employees,
agents, attorneys-in-fact or affiliates. 
 SECTION 8.07. Indemnification. The Lenders agree to indemnify
each Agent in its capacity as such (to the extent not reimbursed by Holdings or the Borrowers and without limiting the obligation of Holdings or the Borrowers to do so), in the amount of its pro rata share (based on its aggregate
Revolving Facility Exposure, outstanding Term Loans and unused Commitments hereunder), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind
whatsoever that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against such Agent in any way relating to or arising out of the Commitments, this Agreement, any of the other Loan Documents or
any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Agent under or in connection with any of the foregoing; provided that no Lender shall be
liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction
to have resulted from such Agent’s gross negligence or willful misconduct. The agreements in this Section shall survive the payment of the Loans and all other amounts payable hereunder. 
  

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 SECTION 8.08. Agent in Its Individual Capacity. Each Agent and its
affiliates may make loans to, accept deposits from, purchase and accept B/As from and generally engage in any kind of business with any Loan Party as though such Agent were not an Agent. With respect to its Loans made or renewed by it and with
respect to any Letter of Credit issued, or Letter of Credit or Swingline Loan participated in, by it, each Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any Lender and may exercise the same as
though it were not an Agent, and the terms “Lender” and “Lenders” shall include each Agent in its individual capacity. 
 SECTION 8.09. Successor Administrative Agent. The Administrative Agent may resign as Administrative Agent upon 10 days’ notice to the Lenders and the U.S. Borrower; provided that such
resignation shall not affect the rights of the Administrative Agent pursuant to the Parallel Debt U.S. Obligations and the Parallel Debt Foreign Obligations and the Administrative Agent shall continue to hold such rights until the effective
assignment thereof by the Administrative Agent to its successor agent. If the Administrative Agent shall resign as Administrative Agent under this Agreement and the other Loan Documents, then the Required Lenders shall appoint from among the Lenders
a successor agent for the Lenders, which successor agent shall (unless an Event of Default under Sections 7.01(b), (c), (h) or (i) shall have occurred and be continuing) be subject to approval by the U.S. Borrower (which approval
shall not be unreasonably withheld or delayed), whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective upon
such appointment and approval, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the
parties to this Agreement or any holders of the Loans. If no successor agent has accepted appointment as Administrative Agent by the date that is 10 days following a retiring Administrative Agent’s notice of resignation, the retiring
Administrative Agent’s resignation shall nevertheless thereupon become effective, and the Lenders shall assume and perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a
successor agent as provided for above. After any retiring Administrative Agent’s resignation as Administrative Agent, the provisions of this Section 8 shall inure to its benefit as to any actions taken or omitted to be taken by it while it
was Administrative Agent under this Agreement and the other Loan Documents. The Administrative Agent will reasonably cooperate in assigning its rights under the Parallel Debt U.S. Obligations and the Parallel Debt Foreign Obligations to any such
successor agent and will reasonably cooperate in transferring all rights under the Dutch Security Documents to such successor agent. 
 SECTION 8.10. Agents and Arrangers. None of the Agents or the Joint Lead Arrangers shall have any duties or responsibilities hereunder in its capacity as such. 
  

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 SECTION 8.11. Additional Intercreditor Agreements. The Administrative
Agent shall be authorized to enter into, from time to time on and after the November 2006 Amendment Effective Date, without the consent of any Lender, amendments to, and amendments and restatements of, any Intercreditor Agreement and/or Dutch
Security Document and additional and replacement intercreditor agreements and/or Dutch Security Documents, in each case in order to effect the subordination of (in the case of Second Priority Liens), provide for pari passu treatment (in the case of
Liens securing First Lien Notes on the Collateral ranking pari passu with the Liens securing the U.S. Obligations) and to provide for certain additional rights, obligations and limitations in respect of, (a) any Liens required by the terms of
this Agreement to be Second-Priority Liens or other Liens junior to the Obligations and (b) Liens securing any First Lien Notes on the Collateral ranking pari passu with the Liens securing the U.S. Obligations, that are, in each case, incurred
in accordance with Article VI of this Agreement, and to establish certain relative rights as between the holders of the Obligations (as defined in the Collateral Agreement) and the holders of the Indebtedness secured by such (x) Second-Priority
Liens or other Liens junior to the Obligations or (y) Liens securing any First Lien Notes on the Collateral ranking pari passu with the Liens securing the U.S. Obligations; provided that the terms of such subordination and such rights,
obligations, limitations and relative rights are not materially less favorable to the Lenders than those set forth in the Dutch Security Documents, New 1-1/2 Lien Intercreditor Agreement, the First Lien Intercreditor Agreement or the Existing Second
Lien Intercreditor Agreement, as applicable. 
 SECTION 8.12. Certain German Matters. In relation to the
German Security Documents the following additional provisions shall apply: (a) The Administrative Agent shall hold and administer any German Security that is security assigned (Sicherungseigentum/ Sicherungsabtretung) or otherwise
transferred under an non-accessory security right (nicht akzessorische Sicherheit) to it as trustee (Treuhänder) for the benefit of the Secured Parties; and administer any German Security that is pledged (Verpfändung)
or otherwise transferred to a Secured Party under an accessory security right (akzessorische Sicherheit) as agent, (b) each of the Secured Parties hereby authorizes the Administrative Agent (whether or not by or through employees or
agents): (i) to exercise such rights, remedies, powers and discretions as are specifically delegated to or conferred upon the Administrative Agent by the German Security Documents together with such powers and discretions as are reasonably
incidental thereto; (ii) to take such action on its behalf as may from time to time be authorized under or in accordance with the German Security Documents; and (iii) to accept as its representative (Stellvertreter) any pledge or
other creation of any accessory right made to such Secured Party in relation to the Loan Documents, (c) the Administrative Agent shall be exempted from the restrictions of Section 181 of the German Civil Code, and (d) none of the
Secured Parties shall have any independent power to enforce any of the German Security Documents or to exercise any rights, discretions or powers or to grant any consents or releases under or pursuant to any of the German Security Documents or
otherwise have direct recourse to the security constituted by any of the German Security Documents except through the Administrative Agent. 
  

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 SECTION 8.13. Certain Canadian Matters. For greater certainty, and
without limiting the powers of the Administrative Agent or any other person acting as an agent or mandatary for such agent hereunder or under any of the other Loan Documents, Holdings and each of the Borrowers hereby acknowledge that, for purposes
of holding any security granted by any Loan Party on property pursuant to the laws of the Province of Quebec to secure obligations of any Borrower or any other Loan Party under any bond or debenture issued by any Borrower or any other Loan Party,
the Administrative Agent is and shall be the holder of an irrevocable power of attorney (fondé de pouvoir within the meaning of Article 2692 of the Civil Code of Quebec) for all present and future Secured Parties, and in
particular for all present and future holders of any such bond or debenture. Each Agent, Lender, Issuing Bank and Joint Lead Arranger, on its own behalf and on behalf of its Affiliates that may from time to time be Secured Parties (each, an
“Appointer”) hereby: (i) irrevocably constitutes, ratifies and confirms, to the extent necessary, the Administrative Agent as the holder of an irrevocable power of attorney (fondé de pouvoir within the meaning of
Article 2692 of the Civil Code of Québec) in order to hold hypothecs and security granted by any Borrower or any other Loan Party on property pursuant to the laws of the Province of Quebec to secure obligations of any Borrower or any
other Loan Party under any bond issued by any Borrower or any other Loan Party; and (ii) appoints, ratifies and confirms and agrees that the Administrative Agent may act as the bondholder or debentureholder and mandatary, custodian and
depository with respect to any bond or debenture that may be issued by any Borrower or any Loan Party and pledged in their favor from time to time. Each assignee of an Appointer on its own behalf and on behalf of its Affiliates that may from time to
time be Secured Parties shall be deemed to have confirmed and ratified the constitution of the Administrative Agent as the holder of such irrevocable power of attorney (fondé de pouvoir) and shall be deemed to have confirmed and
ratified the constitution of the Administrative Agent as bondholder or debentureholder and mandatary, custodian and depositary with respect to any bond or debenture that may be issued by any Borrower or any Loan Party and pledged from time to time
in favor of the Administrative Agent by the execution of an Assignment and Acceptance or by otherwise becoming a party hereto. Notwithstanding the provisions of Section 32 of the An Act respecting the special powers of legal persons
(Quebec), the Administrative Agent may acquire and be the holder of any bond or debenture issued by any Borrower or any other Loan Party (i.e., the fondé de pouvoir may acquire and hold the first bond or debenture issued under
any deed of hypothec by any Borrower or any Loan Party). Each Borrower and each Loan Party hereby acknowledge that such bond or debenture constitutes a title of indebtedness, as such term is used in Article 2692 of the Civil Code of Quebec.

 SECTION 8.14. Foreign Obligations. Notwithstanding anything in this Agreement or any other Loan
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no Foreign Loan Party shall provide, or be deemed to provide, any Guarantee of or security for any Obligation (as defined in the Collateral Agreement) of any Domestic Loan Party. Notwithstanding
anything in this agreement or in any other Loan Document, and for the avoidance of doubt, no Domestic Loan Party shall provide, or be deemed to provide, security for the Dutch Term Loan Obligations. 
 SECTION 8.15. Certain Italian Matters. Each of the Secured Parties (other than the Administrative Agent) hereby
appoints the Administrative Agent to act as its agent in connection herewith and each Secured Party (other than the Administrative Agent) appoints the Administrative Agent as mandatario con rappresentanza (common representative) for the
purposes of each Security Document governed by Italian law (each, an “Italian Security Document”) and as attorney in fact of each of the Secured Parties for the purposes described below and grants the Administrative Agent the powers
to enter into and execute, in the name and on behalf of each of the Secured Parties, each Italian Security Document and each Secured Party authorizes the Administrative Agent in each such capacity to exercise such rights, powers and discretions as
are specifically delegated to the Administrative Agent by the terms hereof and each Italian Security Document together with all rights, powers and discretions as are reasonably incidental thereto (including any action in relation to the perfection,
maintenance and enforcement of each Italian Security Document) or necessary to give effect to the agency hereby created and each of the Italian Security Documents) or necessary to give effect to the agency hereby created and each of the Secured
Parties (other than the Administrative Agent) irrevocably authorizes the Administrative Agent on its behalf to enter into any and each Italian Security Document. 
 SECTION 8.16. First Lien Intercreditor Agreement and Collateral Matters. The Lenders hereby agree to the terms of the
First Lien Intercreditor Agreement and acknowledge that JPMorgan Chase Bank, N.A. (in each instance in this Section, to the extent such institution is serving as collateral agent for both the Secured Parties and the other First Lien Secured Paries
under the Security Documents and the First Lien Intercreditor Agreement) (and any successor collateral agent under the Security Documents and the First Lien Intercreditor Agreement) will, after the incurrence of any First Lien Notes (that will be
secured by Liens on the Collateral ranking pari passu with the Liens securing the U.S. Obligations), be serving as collateral agent for both the Secured Parties and the other First Lien Secured Parties under the Security Documents and the First Lien
Intercreditor Agreement. Each Lender hereby consents to JPMorgan Chase Bank, N.A. and any successor serving in such capacity and agrees not to assert any claim (including as a result of any conflict of interest) against JPMorgan Chase Bank, N.A., or
any such successor, arising from the role of collateral agent under the Security Documents or the First Lien Intercreditor Agreement so long as JPMorgan Chase Bank, N.A. or any such successor is either acting in accordance with the express terms of
such documents or otherwise has not engaged in gross negligence or willful misconduct and agree that JPMorgan Chase Bank, N.A. or any such successor is entitled to the benefits of Article VIII in acting in such

  

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capacity. The Borrowers and each Lender hereby agrees that the resignation provisions set forth in the First Lien Intercreditor Agreement with respect to the collateral agent shall supersede any
provision of this Agreement to the contrary 
 ARTICLE IX 
 Miscellaneous 
 SECTION 9.01.
Notices. (a) 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 telecopy, as follows: 
 (i) if to any Loan Party, to it at Hexion Specialty Chemicals, Inc., 180 East Broad Street, Columbus,
Ohio 43215, Attention: Treasurer, with a copy to Apollo Investment Fund IV, L.P., 9 West 57th Street, New York, New York 10019, Attention: Jordan Zaken, with a copy to O’Melveny & Myers LLP, 7 Times Square, New York, New York 10036, Attention: Greg Ezring; 
 (ii) if to the Administrative Agent, to JPMorgan Chase Bank, N.A., 1111 Fannin, 10th Floor, Houston, Texas 77002, Attention:
Investment Bank Loan Operations, Sushma Charania (telecopy 713-427-6307) (e-mail: Sushma.X.Charania@jpmchase.com); 
 (iii) if to J.P. Morgan Europe Limited, 125 London Wall, 9th Floor, London, England EC2Y 5AJ, Attention: Loans Agency Department, Claire Johnson (telecopy 0207-777-2360) (email: claire.x.johnson@jpmorgan.com), with a copy to the
Administrative Agent as provided under clause (ii) above; 
 (iv) if to JPMorgan Chase Bank, N.A., Toronto
Branch, 1111 Fannin, 10th Floor, Houston, Texas 77002, Attention: Investment Bank Loan Operations, Siraz Maknojia (telecopy 713-374-4312) (e-mail: Siraz.X.Maknojia@jpmorgan.com), with a copy to the Administrative Agent as provided under clause
(ii) above; and 
 (v) if to an Issuing Bank, to it at the address or telecopy number set forth separately
in writing. 
 (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by the Administrative Agent and the applicable
Lender. Each of the Administrative Agent and each 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, further,
that approval of such procedures may be limited to particular notices or communications. 
 (c) All notices and
other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on

  

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the date of receipt if delivered by hand or overnight courier service, sent by telecopy or (to the extent permitted by paragraph (b) above) electronic means or on the date five Business Days
after dispatch by certified or registered mail if mailed, in each case delivered, sent or mailed (properly addressed) to such party as provided in this Section 9.01 or in accordance with the latest unrevoked direction from such party given in
accordance with this Section 9.01. 
 (d) Any party hereto may change its address or telecopy number for
notices and other communications hereunder by notice to the other parties hereto. 
 SECTION 9.02. Survival of
Agreement. All covenants, agreements, representations and warranties made by the Borrowers and the other Loan Parties herein, in the other Loan Documents and in the certificates or other instruments prepared or delivered in connection with or
pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the Lenders and each Issuing Bank and shall survive the making by the Lenders of the Loans, the execution and delivery of the Loan Documents and
the issuance of the Letters of Credit, regardless of any investigation made by such persons or on their behalf, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or L/C Disbursement or any
Fee or any other amount payable under this Agreement or any other Loan Document is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not been terminated. Without prejudice to the survival of any other
agreements contained herein, indemnification and reimbursement obligations contained herein (including pursuant to Sections 2.16, 2.18 and 9.05) shall survive the payment in full of the principal and interest hereunder, the return of Tranche
C-3 Credit-Linked Deposits, the expiration of the Letters of Credit and the termination of the Commitments or this Agreement. 
 SECTION 9.03. Binding Effect. This Agreement shall become effective when it shall have been executed by Holdings, the Borrowers and the Administrative Agent and when the Administrative Agent shall
have received copies hereof that, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of Holdings, the Borrowers, each Issuing Bank, the Administrative Agent and
each Lender and their respective permitted successors and assigns. 
 SECTION 9.04. Successors and
Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any affiliate of the Issuing Bank that issues any
Letter of Credit), except that (i) the Borrowers may not assign or otherwise transfer any of their rights or obligations hereunder (other than pursuant to a merger permitted by Section 6.05(b) or (i)) without the prior written consent of
each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section or
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expressed or implied, shall be construed to confer upon any person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of the Issuing
Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section), and, to the extent expressly contemplated hereby, the Related Parties of each of the Agents, the Issuing Bank and the Lenders) any
legal or equitable right, remedy or claim under or by reason of this Agreement or the other Loan Documents. 
 (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more assignees (each, an “Assignee”) all or a portion of its rights and obligations under this Agreement
(including all or a portion of its Commitments and the Loans or Tranche C-3 Credit-Linked Deposits at the time owing to it) with the prior written consent of: 
 (A) the U.S. Borrower (such consent not to be unreasonably withheld); provided that no consent of the U.S. Borrower
shall be required for an assignment to a Lender, an affiliate of a Lender, an Approved Fund (as defined below) or, if an Event of Default under Sections 7.01(b), (c), (h) or (i) has occurred and is continuing, any other person;
provided that any liability of any Borrower to an assignee that is an Approved Fund or affiliate of the assigning Lender under Section 2.16 or 2.18 shall be limited to the amount, if any, that would have been payable hereunder by such
Borrower in the absence of such assignment; and 
 (B) the Administrative Agent; provided that no consent
of the Administrative Agent shall be required for an assignment of all or any portion of a Tranche C-3 Credit-Linked Deposit or a Term Loan to a Lender, an Affiliate of a Lender or an Approved Fund. 
 (ii) Assignments shall be subject to the following additional conditions: 
 (A) except in the case of an assignment to a Lender, an affiliate of a Lender or an Approved Fund or an assignment of the
entire remaining amount of the assigning Lender’s Commitments or Loans under any Tranche or Tranche C-3 Credit-Linked Deposits, the amount of the Commitments, Loans or Tranche C-3 Credit-Linked Deposits of the assigning Lender subject to each
such assignment (determined as of the trade date specified in the Assignment and Acceptance with respect to such assignment or, if no trade date is so specified, as of the date such Assignment and Acceptance is delivered to the Administrative Agent
and aggregating Approved Funds that are managed by the same investment advisor for such purpose) shall not be less than (x) $1,000,000 in respect of the Tranche C-3 Credit-Linked Deposits or Term Loans (except and to the extent required to
comply with the condition set forth in Section 9.04(b)(ii)(E)) and (y) $2,500,000 in respect of the Revolving Facility Loans, unless each of the U.S. Borrower and the Administrative Agent otherwise consent; 
 (B) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance,
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and recordation fee of $3,500; provided that (i) assignments pursuant to Section 2.20 shall not require the signature of the assigning Lender to become effective, (ii) any
such processing and recordation fee in connection with assignments pursuant to Section 2.20 shall be paid by the U.S. Borrower or the assignee and (iii) only one such processing and recordation fee shall be payable in connection with
simultaneous assignments to two or more assignees that are Affiliates of one another, or to two or more Approved Funds that are managed by the same investment advisor; 
 (C) the Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire; and

 (D) AT ANY TIME WHEN AND TO THE EXTENT THAT IT IS A REQUIREMENT OF DUTCH LAW THAT EACH LENDER TO THE DUTCH
BORROWER BE A PMP, NO ASSIGNMENT OF EUROPEAN TRANCHE COMMITMENTS, EUROPEAN TRANCHE REVOLVING FACILITY LOANS, EUROPEAN TRANCHE L/C EXPOSURE OR CANADIAN TRANCHE L-C EXPOSURE TO THE DUTCH BORROWER, TRANCHE C-2A TERM LOANS, TRANCHE C-2B TERM LOANS,
TRANCHE C-5A TERM LOANS, TRANCHE C-5B TERM LOANS, TRANCHE C-6A TERM LOANS, TRANCHE C-6B TERM LOANS, TRANCHE C-7A TERM LOANS OR TRANCHE C-7B TERM LOANS MAY BE MADE TO ANY PERSON THAT IS NOT A PMP AT THE TIME OF SUCH TRANSFER. 
 For the purposes of this Section 9.04, “Approved Fund” means any person (other than a natural person) that is engaged in making,
purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course and that is administered or managed 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. 
 (iii) Subject to acceptance and recording thereof pursuant to
paragraph (b)(v) below, from and after the effective date specified in each Assignment and Acceptance the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, have the rights
and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance, be released from its obligations under this Agreement (and, in the case of an
Assignment and Acceptance covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.16, 2.17, 2.18 and
9.05). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights
and obligations in accordance with paragraph (c) of this Section. Without the consent of the U.S. Borrower (which consent shall not be unreasonably withheld) and the Administrative Agent, the Tranche C-3 Credit-Linked Deposit of any Tranche C-3
Lender shall not be released in connection with any assignment by such Tranche C-3 Lender, but shall instead be purchased by the relevant assignee and continue to be held for application (to the extent not already applied) in accordance with
Section 2.05 to satisfy such assignee’s obligations in respect of Tranche C-3 L/C Disbursements. 
  

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 (iv) The Administrative Agent, acting for this purpose as an agent of the
Borrowers, shall maintain at one of its offices outside the United Kingdom a copy of each Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal
amount of the Loans, Tranche C-3 Credit-Linked Deposits and L/C Exposure owing to, and amounts in respect of B/As owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register
shall be conclusive, and the Borrowers, the Administrative Agent, any Issuing Bank and the Lenders may treat each person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrowers, any Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (v) Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender and an Assignee, the
Assignee’s completed Administrative Questionnaire (unless the 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 Acceptance and record the information contained therein in the Register. No assignment shall be effective for purposes of this
Agreement unless it has been recorded in the Register as provided in this paragraph. 
 (c) (i) Any Lender
may, without the consent of any Borrower or the Administrative Agent, sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement
(including all or a portion of its Commitments and the Loans and Tranche C-3 Credit-Linked Deposits and participations in Tranche C-3 Letters of Credit owing to it); provided that (a) such Lender’s obligations under this Agreement
shall remain unchanged, (b) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (c) the Borrowers, the Administrative Agent, the Issuing Bank and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement pursuant to which a Lender sells such a participation shall provide that such Lender shall retain
the sole right to enforce this Agreement and the other Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement and the other Loan Documents (including, for the avoidance of doubt, the sole right to vote
on or approve any waiver of any Default or Event of Default); provided that (x) such agreement may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver that requires
the consent of such Lender providing such participation as a result of Section 9.04(a)(i) or clauses (i), (ii), (iii), (iv), (v) or (vi) of the first proviso to Section 9.08(b) (but not with respect to the waiver of any
Default or Event of Default caused by the failure to comply with any provision of the Loan Documents, the amendment, modification or waiver of which is governed by such sections, that has been cured (or will be cured substantially concurrently with
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such amendment, modification or waiver) with respect to the Lender providing such participation) and (y) no other agreement with respect to such Participant may exist between such Lender and
such Participant. Subject to paragraph (c)(ii) of this Section, the Borrowers agree that each Participant shall be entitled to the benefits of Sections 2.16, 2.17 and 2.18 to the same extent as if it were a Lender and had acquired its
interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.06 as though it were a Lender; provided that such Participant
shall be subject to Section 2.19(c) as though it were a Lender. 
 (ii) A Participant shall not be
entitled to receive any greater payment under Section 2.16, 2.17 or 2.18 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 U.S. Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.18 to the extent such Participant fails to comply with
Section 2.18(f) as though it were a Lender. 
 (d) Any Lender may, without the consent of the
Administrative Agent or any Borrower, at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a
Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or
substitute any such pledgee or Assignee for such Lender as a party hereto. 
 (e) The Borrowers, at their expense
and upon receipt of written notice from the relevant Lender, agree to issue Notes to any Lender requiring Notes to facilitate transactions of the type described in paragraph (d) above. 
 (f) Notwithstanding the foregoing, any Conduit Lender may assign any or all of the Loans it may have funded hereunder to its
designating Lender without the consent of any Borrower or the Administrative Agent and without regard to the limitations set forth in Section 9.04(b). Each of Holdings, the Borrowers, each Lender and the Administrative Agent hereby confirms
that it will not institute against a Conduit Lender or join any other person in instituting against a Conduit Lender any bankruptcy, reorganization, arrangement, insolvency or liquidation proceeding under any state bankruptcy or similar law, for one
year and one day after the payment in full of the latest maturing commercial paper note issued by such Conduit Lender; provided, however, that each Lender designating any Conduit Lender hereby agrees to indemnify, save and hold harmless each
other party hereto and each Loan Party for any loss, cost, damage or expense arising out of its inability to institute such a proceeding against such Conduit Lender during such period of forbearance. 
 (g) Notwithstanding the foregoing, no assignment may be made or participation sold to an Ineligible Institution without the
prior written consent of the U.S. Borrower. 
  

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 SECTION 9.05. Expenses; Indemnity. (a) Each Borrower agrees to
pay all reasonable out-of-pocket expenses (including Other Taxes) incurred by the Administrative Agent or the Syndication Agent in connection with the preparation of this Agreement and the other Loan Documents, or by the Administrative Agent or the
Syndication Agent in connection with the syndication of the Commitments or the administration of this Agreement (including expenses incurred in connection with due diligence, reasonable fees, disbursements and the charges for no more than one
counsel in each jurisdiction where Collateral is located) or in connection with the administration of this Agreement and any amendments, modifications or waivers of the provisions hereof or thereof or incurred by the Administrative Agent or any
Lender in connection with the enforcement or protection of their rights in connection with this Agreement and the other Loan Documents, in connection with the Loans made or the Letters of Credit issued hereunder, including the reasonable fees,
charges and disbursements of Cravath, Swaine & Moore LLP, counsel for the Administrative Agent and the Syndication Agent, and, in connection with any such enforcement or protection, the reasonable fees, charges and disbursements of any
other counsel. 
 (b) The Borrowers agree to indemnify the Administrative Agent, the Joint Lead Arrangers, each
Issuing Bank, each Lender their respective Affiliates and each of their respective directors, trustees, officers, employees and agents (each such person being called an “Indemnitee”) against, and to hold each Indemnitee harmless
from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel fees, charges and disbursements (except the allocated costs of in-house counsel), incurred by or asserted against any Indemnitee arising out
of, in any way connected with, or as a result of (i) the execution or delivery of this Agreement or any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto and thereto of
their respective obligations thereunder or the consummation of the Transactions and the other transactions contemplated hereby, (ii) the use of the proceeds of the Loans or the use of any Letter of Credit or (iii) any claim, litigation,
investigation or proceeding relating to any of the foregoing, whether or not any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted primarily from the gross negligence or willful misconduct of such Indemnitee (treating, for this purpose only,
the Administrative Agent, any Joint Lead Arranger, any Issuing Bank, any Lender and any of their respective Related Parties as a single Indemnitee). Subject to and without limiting the generality of the foregoing sentence, the Borrowers agree to
indemnify each Indemnitee against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel or consultant fees, charges and disbursements (except the allocated costs
of in-house counsel), incurred by or asserted against any Indemnitee arising out of, in any way connected with or as a result of (a) any claim or liability related in any way to Environmental Laws and Holdings, the U.S. Borrower or any of their
Subsidiaries, or (b) any actual or alleged presence, Release or threatened Release of Hazardous Materials at, under, on or from any property currently or formerly owned, leased or operated by any predecessor of Holdings, the U.S. Borrower or
any of their Subsidiaries; provided that such indemnity shall not, as to any Indemnitee, be

  

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available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted
from the gross negligence or willful misconduct of such Indemnitee or any of its Related Parties. The provisions of this Section 9.05 shall remain operative and in full force and effect regardless of the expiration of the term of this
Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement or any other Loan Document, or any investigation made by or
on behalf of the Administrative Agent, any Issuing Bank or any Lender. All amounts due under this Section 9.05 shall be payable on written demand therefor accompanied by reasonable documentation with respect to any reimbursement,
indemnification or other amount requested. 
 (c) Except as expressly provided in Section 9.05(a) with
respect to Other Taxes, which shall not be duplicative with any amounts paid pursuant to Section 2.18, this Section 9.05 shall not apply to Taxes. 
 SECTION 9.06. Right of Set-off. If an Event of Default shall have occurred and be continuing, each Lender and each
Issuing Bank is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness
at any time owing by such Lender or such Issuing Bank to or for the credit or the account of Holdings (prior to a Qualified IPO), any Borrower or any other Subsidiary against any of and all the obligations of Holdings (prior to a Qualified IPO) or
any Borrower now or hereafter existing under this Agreement or any other Loan Document held by such Lender or such Issuing Bank, irrespective of whether or not such Lender or such Issuing Bank shall have made any demand under this Agreement or such
other Loan Document and although the obligations may be unmatured. The rights of each Lender and each Issuing Bank under this Section 9.06 are in addition to other rights and remedies (including other rights of set-off) that such Lender or such
Issuing Bank may have. Notwithstanding the foregoing, no Lender shall exercise setoff rights with respect to the Canadian Borrower’s, the U.K. Borrower’s, or the Dutch Borrower’s assets and apply such proceeds to the Obligations of
the U.S. Borrower hereunder. 
 SECTION 9.07. APPLICABLE LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
(OTHER THAN LETTERS OF CREDIT AND AS EXPRESSLY SET FORTH IN OTHER LOAN DOCUMENTS) SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 9.08. Waivers; Amendment. (a) No failure or delay of the Administrative Agent, any Issuing Bank or any
Lender in exercising any right or power hereunder or under any Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a
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power. The rights and remedies of the Administrative Agent, each Issuing Bank and the Lenders hereunder and under the other Loan Documents are cumulative and are not exclusive of any rights or
remedies that they would otherwise have. No waiver of any provision of this Agreement or any other Loan Document or consent to any departure by Holdings, any Borrower or any other Loan Party therefrom shall in any event be effective unless the same
shall be permitted by paragraph (b) below, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on Holdings, any Borrower or any other Loan Party in any case
shall entitle such person to any other or further notice or demand in similar or other circumstances. 
 (b)
Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified, except as provided in Section 2.21 or Section 8.11, or (x) in the case of this Agreement, pursuant to an
agreement or agreements in writing entered into by Holdings (prior to a Qualified IPO), the Borrowers and the Required Lenders and (y) in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by
each party thereto and the Administrative Agent and consented to by the Required Lenders; provided, however, that no such agreement shall 
 (i) decrease or forgive the principal amount of, or extend the final maturity of, or decrease the rate of interest on, any Loan or any L/C Disbursement, or extend the date on which the Tranche C-3
Credit-Linked Deposits are required to be returned in full to the Tranche C-3 Lenders, without the prior written consent of each Lender directly affected thereby; provided, that any amendment to the financial covenant definitions in this
Agreement shall not constitute a reduction in the rate of interest for purposes of this clause (i), 
 (ii)
increase or extend the Commitment of any Lender or decrease the Commitment Fees or L/C Participation Fees or other fees of any Lender without the prior written consent of such Lender (it being understood that waivers or modifications of conditions
precedent, covenants, Defaults or Events of Default or of a mandatory reduction in the aggregate Commitments shall not constitute an increase of the Commitments of any Lender), 
 (iii) extend, waive or reduce the amount of any scheduled installment of principal or extend any date on which payment of
interest on any Loan or any L/C Disbursement or any Fees is due, without the prior written consent of each Lender adversely affected thereby, 
 (iv) amend or modify the provisions of Section 2.19(b) or (c) in a manner that would by its terms alter the pro rata sharing of payments required thereby, without the prior written
consent of each Lender adversely affected thereby, 
 (v) amend or modify the provisions of this Section or
the definition of the terms “Required Lenders” or “Majority Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights

  

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hereunder or make any determination or grant any consent hereunder, without the prior written consent of each Lender adversely affected thereby (it being understood that, with the consent of the
Required Lenders, additional extensions of credit pursuant to this Agreement may be included in the determination of the Required Lenders on substantially the same basis as the Loans and Commitments are included on the Closing Date), 
 (vi) release all or substantially all the Collateral or release any of Holdings (prior to a Qualified IPO), any Borrower or
any other Subsidiary Loan Party from its Guarantee under the U.S. Guarantee Agreement or the Foreign Guarantee Agreement, as applicable, unless, in the case of (1) Holdings, upon a Qualified IPO or (2) a Subsidiary Loan Party, all or
substantially all the Equity Interests of such Subsidiary Loan Party are sold or otherwise disposed of in a transaction permitted by this Agreement, without the prior written consent of each Lender, 
 (vii) effect any waiver, amendment or modification that by its terms adversely affects the rights in respect of payments or
collateral of Lenders participating in any Tranche differently from those of Lenders participating in another Tranche, without the consent of the Majority Lenders participating in the adversely affected Tranche (it being agreed that the Required
Lenders may waive, in whole or in part, any prepayment required by Section 2.12 so long as the application of any prepayment still required to be made is not changed), 
 (viii) effect any waiver, amendment or modification of Section 5.02 of the Collateral Agreement, or any comparable
provision of any other Security Document, in a manner that materially adversely affects the rights in respect of payments or collateral of Lenders, without the consent of each Lender so affected; 
 provided, further, that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent or an
Issuing Bank hereunder without the prior written consent of the Administrative Agent or such Issuing Bank acting as such at the effective date of such agreement, as applicable. Each Lender shall be bound by any waiver, amendment or modification
authorized by this Section 9.08 and any consent by any Lender pursuant to this Section 9.08 shall bind any Assignee of such Lender. 
 (c) Without the consent of the Syndication Agent or any Joint Lead Arranger or Lender, the Loan Parties and the Administrative Agent may (in their respective sole discretion, or shall, to the extent
required by any Loan Document) enter into any amendment, modification or waiver of any Loan Document, or enter into any new agreement or instrument, to effect the granting, perfection, protection, expansion or enhancement of any security interest in
any Collateral or additional property to become Collateral for the benefit of the Secured Parties, or as required by local law to give effect to, or protect any security interest for the benefit of the Secured Parties, in any property or so that the
security interests therein comply with applicable law. 
 (d) Notwithstanding the foregoing, this Agreement may
be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative

  

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Agent, Holdings (prior to a Qualified IPO) and the Borrowers (a) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time
outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other Loan Documents with the Term Loans and the Revolving Facility Loans and the accrued interest and fees in
respect thereof and (b) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders. 
 (e) Notwithstanding the foregoing, technical and conforming modifications to the Loan Documents may be made with the consent of the Borrowers and the Administrative Agent to the extent necessary to
integrate any Incremental Term Loan Commitments or Incremental Revolving Facility Commitments on substantially the same basis as the Term Loans or Revolving Facility Loans, as applicable. 
 SECTION 9.09. Interest Rate Limitation. (a) Notwithstanding anything herein to the contrary, if at any time the
applicable interest rate, together with all fees and charges that are treated as interest under applicable law (collectively, the “Charges”), as provided for herein or in any other document executed in connection herewith, or
otherwise contracted for, charged, received, taken or reserved by any Lender or any Issuing Bank, shall exceed the maximum lawful rate (the “Maximum Rate”) that may be contracted for, charged, taken, received or reserved by such
Lender in accordance with applicable law, the rate of interest payable hereunder, together with all Charges payable to such Lender or such Issuing Bank, shall be limited to the Maximum Rate; provided that such excess amount shall be paid to
such Lender or such Issuing Bank on subsequent payment dates to the extent not exceeding the legal limitation. 
 (b) Without limiting Section 9.09(a), if any provision of this Agreement or any of the other Loan Documents would obligate the Canadian Borrower to make any payment of interest under the Obligations of the Canadian Borrower or any
other amount in an amount or calculated at a rate that would be prohibited by law or would result in the receipt by any Canadian Tranche Lender of interest under the Obligations of the Canadian Borrower at a criminal rate (as such terms are
construed under the Criminal Code (Canada)) then, notwithstanding such provision, such amount or rates shall be deemed to have been adjusted with retroactive effect to the maximum amount or rate of interest, as the case may be, as would not
be so prohibited by law or so result in the receipt by such Canadian Tranche Lender of interest under the Obligations of the Canadian Borrower at a criminal rate, such adjustment to be effected, to the extent necessary, as follows: (i) first,
by reducing the amount or rate of interest required to be paid to such Canadian Tranche Lender under this Section 9.09(b) and (ii) thereafter, by reducing any fees, commissions, premiums and other amounts required to be paid to such
Canadian Tranche Lender that would constitute interest under the Obligations of the Canadian Borrower for purposes of Section 347 of the Criminal Code (Canada). Notwithstanding the foregoing, and after giving effect to all adjustments
contemplated hereby, if any Canadian Tranche Lender shall have received an amount in excess of the maximum permitted by Section 347 of the Criminal Code (Canada), then the Canadian Borrower shall be entitled, by notice in writing to the
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reimbursement from such Canadian Tranche Lender in an amount equal to such excess, and pending such reimbursement, such amount shall be deemed to be an amount payable by such Canadian Tranche
Lender to the Canadian Borrower. Any amount or rate of interest under the Obligations of the Canadian Borrower referred to in this Section 9.09 (b) shall be determined in accordance with generally accepted actuarial practices and
principles as an effective annual rate of interest over the term that any Canadian Tranche Revolving Facility Loan to the Canadian Borrower remains outstanding on the assumption that any charges, fees or expenses that fall within the meaning of
“interest” (as defined in the Criminal Code (Canada)) shall, if they relate to a specific period of time, be pro-rated over that period of time and otherwise be pro-rated over the period from the Closing Date to the date that all
Obligations (other than contingent indemnities and expense reimbursement obligations to the extent no claim therefor has been made) have been indefeasibly paid in full and all the Canadian Tranche Commitments have been terminated and, in the event
of a dispute, a certificate of a Fellow of the Canadian Institute of Actuaries appointed by the Administrative Agent shall be conclusive for the purposes of such determination. 
 SECTION 9.10. Conversion of Currencies. (a) If, for the purpose of obtaining judgment in any court, it is
necessary to convert a sum owing hereunder in one currency into another currency, each party hereto agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking
procedures in the relevant jurisdiction the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given. 
 (b) The obligations of each Borrower in respect of any sum due to any party hereto or any holder of the obligations owing
hereunder (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder (the “Agreement
Currency”), be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in accordance with normal banking
procedures in the relevant jurisdiction purchase the Agreement Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less than the sum originally due to the Applicable Creditor in the Agreement Currency, such
Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss. The obligations of the Borrowers contained in this Section 9.10 shall survive the termination of this
Agreement and the payment of all other amounts owing hereunder. 
 SECTION 9.11. Entire Agreement. This
Agreement, the other Loan Documents and the agreements regarding certain Fees referred to herein constitute the entire contract between the parties relative to the subject matter hereof. Any previous agreement among or representations from the
parties or their Affiliates with respect to the subject matter hereof is superseded by this Agreement and the other Loan Documents. Notwithstanding the foregoing, the Fee Letter dated as of October 11, 2006, shall survive the execution and
delivery of this Agreement and remain in full force and effect. 
  

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 SECTION 9.12. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS.
EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS, AS APPLICABLE, BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.12.

 SECTION 9.13. Severability. In the event any one or more of the provisions contained in this Agreement
or in any other Loan Document should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected or impaired thereby.
The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable
provisions. 
 SECTION 9.14. Counterparts. This Agreement may be executed in two or more counterparts,
each of which shall constitute an original but all of which, when taken together, shall constitute but one contract, and shall become effective as provided in Section 9.03. Delivery of an executed counterpart to this Agreement by facsimile
transmission shall be as effective as delivery of a manually signed original. 
 SECTION 9.15. Headings.
Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this
Agreement. 
 SECTION 9.16. Jurisdiction; Consent to Service of Process. (a) Each of the parties
hereto hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from
any thereof, in any action or proceeding arising out of or relating to this Agreement or the other Loan Documents, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that
all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a

  

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final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this
Agreement shall affect any right that any Lender or any Issuing Bank may otherwise have to bring any action or proceeding relating to this Agreement or the other Loan Documents against Holdings, any Borrower or any other Loan Party or their
properties in the courts of any jurisdiction. 
 (b) Each of the parties hereto hereby irrevocably and
unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or the other
Loan Documents in any New York State or federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such
court. 
 SECTION 9.17. Confidentiality. Each of the Lenders, each Issuing Bank and each of the Agents
agrees that it shall maintain in confidence any information relating to Holdings, the Borrowers and the other Loan Parties furnished to it by or on behalf of Holdings, the Borrowers or the other Loan Parties (other than information that (a) has
become generally available to the public other than as a result of a disclosure by such party, (b) has been independently developed by such Lender, such Issuing Bank or such Agent without violating this Section 9.17 or (c) was
available to such Lender, such Issuing Bank or such Agent from a third party having, to such person’s knowledge, no obligations of confidentiality to Holdings, the Borrowers or any other Loan Party) and shall not reveal the same other than to
its directors, trustees, officers, employees and advisors with a need to know or to any person that approves or administers the Loans on behalf of such Lender (so long as each such person shall have been instructed to keep the same confidential in
accordance with this Section 9.17), except: (a) to the extent necessary to comply with law or any legal process or the requirements of any Governmental Authority, the National Association of Insurance Commissioners or of any securities
exchange on which securities of the disclosing party or any Affiliate of the disclosing party are listed or traded, (b) as part of normal reporting or review procedures to Governmental Authorities or the National Association of Insurance
Commissioners, (c) to its parent companies, Affiliates or auditors (so long as each such person shall have been instructed to keep the same confidential in accordance with this Section 9.17), (d) in order to enforce its rights under
any Loan Document in a legal proceeding, (e) to any pledgees referred to in Section 9.04(d) or to any prospective assignee of, or prospective Participant in, any of its rights under this Agreement (so long as each such person shall have
been instructed to keep the same confidential in accordance with this Section 9.17) and (f) to any direct or indirect contractual counterparty in Swap Agreements or such contractual counterparty’s professional advisor (so long as such
contractual counterparty or professional advisor to such contractual counterparty agrees to be bound by the provisions of this Section). 
  

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 SECTION 9.18. JPMorgan Chase Bank, N.A. Direct Website
Communications. 
 (a) Delivery. (i) Each Loan Party hereby agrees that it will provide to the
Administrative Agent all information, documents and other materials that it is obligated to furnish to the Administrative Agent pursuant to this Agreement and any other Loan Document, including all notices, requests, financial statements, financial
and other reports, certificates and other information materials, but excluding any such communication that (a) relates to a request for a new, or a conversion of an existing, borrowing or other extension of credit (including any election of an
interest rate or interest period relating thereto), (b) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (c) provides notice of any Default or Event of Default under
this Agreement or (d) is required to be delivered to satisfy any condition precedent to the effectiveness of this Agreement and/or any borrowing or other extension of credit hereunder (all such non-excluded communications collectively, the
“Communications”), by transmitting the Communications in an electronic/soft medium in a format acceptable to the Administrative Agent. In addition, each Loan Party agrees to continue to provide the Communications to the
Administrative Agent in the manner specified in this Agreement or any other Loan Document but only to the extent requested by the Administrative Agent. Nothing in this Section 9.18 shall prejudice the right of the Agents, the Joint Lead
Arrangers or any Lender or any Loan Party to give any notice or other communication pursuant to this Agreement or any other Loan Document in any other manner specified in this Agreement or any other Loan Document. 
 (ii) The Administrative Agent agrees that receipt of the Communications by the Administrative Agent at its e-mail address set
forth in Section 9.01 shall constitute effective delivery of the Communications to the Administrative Agent for purposes of the Loan Documents. Each Lender agrees that notice to it (as provided in the next sentence) specifying that the
Communications have been posted to the Platform (as defined below) shall constitute effective delivery of the Communications to such Lender for purposes of the Loan Documents. Each Lender agrees (a) to notify the Administrative Agent in writing
(including by electronic communication) from time to time of such Lender’s e-mail address to which the foregoing notice may be sent by electronic transmission and (b) that the foregoing notice may be sent to such e-mail address.

 (b) Posting. Each Loan Party further agrees that the Administrative Agent may make the Communications
available to the Lenders by posting the Communications on Intralinks or a substantially similar electronic transmission system (the “Platform”). 
 (c) Platform. The Platform is provided “as is” and “as available.” The Agent Parties (as defined
below) do not warrant the accuracy or completeness of the Communications or the adequacy of the Platform and expressly disclaim liability for errors or omissions in the Communications. 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 Communications or the Platform. In
no event shall the Administrative Agent or any of its affiliates or any of their respective officers, directors,

  

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employees, agents advisors or representatives (collectively, “Agent Parties”) have any liability to the Loan Parties, any Lender or any other person or entity for damages of any
kind, including direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract or otherwise), arising out of any Loan Party’s or the Administrative Agent’s transmission of communications
through the internet, except to the extent the liability of any Agent Party is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted primarily from such Agent Party’s gross negligence or willful
misconduct. 
 SECTION 9.19. Release of Liens and Guarantees. In the event that (1) any Loan Party
conveys, sells, leases, assigns, transfers or otherwise disposes of all or any portion of any of the Equity Interests or assets of any Loan Party (other than the Equity Interests of the U.S. Borrower) to a person that is not (and is not required to
become) a Loan Party in a transaction not prohibited by this Agreement or (2) upon the satisfaction of the conditions precedent to a Qualified IPO (with respect to the Equity Interests of the U.S. Borrower), then (i) in the case of a
disposition of the Equity Interests of any Borrower (other than the U.S. Borrower) in a transaction not prohibited by this Agreement and as a result of which such Borrower would cease to be a Subsidiary, such Borrower shall, immediately prior to the
completion of any such disposition, pay the unpaid principal amount of all Loans made to such Borrower hereunder, together with all accrued but unpaid interest thereon and other fees and amounts owed by such Borrower hereunder (and, if applicable,
repay all amounts to become due with respect to outstanding B/As of such Borrower hereunder) in accordance with the provisions of Section 2.11 and such Borrower shall thereafter cease for all purposes to have any of the rights or obligations of
a Borrower hereunder, (ii) the Administrative Agent shall promptly (and the Lenders hereby authorize the Administrative Agent to) take such action and execute any such documents as may be reasonably requested by Holdings or the U.S. Borrower
and at the Borrowers’ expense to release any Liens created by any Loan Document in respect of such assets or Equity Interests, and, in the case of a disposition of the Equity Interests of any Subsidiary Loan Party in a transaction not
prohibited by this Agreement and as a result of which such Subsidiary Loan Party would cease to be a Subsidiary Loan Party (or upon a Qualified IPO, with respect to Holdings), terminate such Subsidiary Loan Party’s obligations or
Holdings’s obligations, as applicable, under the U.S. Guarantee Agreement or the Foreign Guarantee Agreement, as applicable. In addition, the Administrative Agent agrees to take such actions as are reasonably requested by Holdings or the U.S.
Borrower and at the Borrowers’ expense to terminate the Liens and security interests created by the Loan Documents when all the Obligations (other than contingent indemnities and expense reimbursement obligations to the extent no claim therefor
has been made) are paid in full and all Letters of Credit and Commitments are terminated. Any representation, warranty or covenant contained in any Loan Document relating to any such Equity Interests, asset or subsidiary of the U.S. Borrower shall
no longer be deemed to be made once such Equity Interests or asset is so conveyed, sold, leased, assigned, transferred or disposed of. 
  

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 SECTION 9.20. Dutch Parallel Debt. (a) Parallel Debt U.S.
Obligations. (i) The U.S. Borrower hereby irrevocably and unconditionally undertakes to pay to the Administrative Agent amounts equal to the aggregate amount from time to time payable (verschuldigd) to any of the Secured Parties under or
pursuant to the U.S. Obligations (such payment undertaking to the Administrative Agent hereinafter referred to as the “Parallel Debt U.S. Obligations”). 
 (ii) The Parallel Debt U.S. Obligations will become due and payable (opeisbaar) immediately upon the Administrative Agent’s first demand, which may be made at any time, as and when one or
more of the U.S. Obligations becomes due and payable. 
 (iii) Each of the parties to this Agreement hereby acknowledges
that (A) the Parallel Debt U.S. Obligations constitute undertakings, obligations and liabilities of the U.S. Borrower to the Administrative Agent that are transferable and independent from, and without prejudice to, the corresponding U.S.
Obligations and (B) the Parallel Debt U.S. Obligations represent the Administrative Agent’s own separate claim to receive payment of the Parallel Debt U.S. Obligations from the U.S. Borrower, it being understood that the amount that is or
may become due and payable by the U.S. Borrower under or pursuant to the Parallel Debt U.S. Obligations from time to time shall never exceed the aggregate amount that is payable under the U.S. Obligations from time to time. 
 (iv) For the avoidance of doubt, each of the parties to this Agreement confirms that the claims of the Administrative Agent against the
U.S. Borrower in respect of the Parallel Debt U.S. Obligations and the claims of any one or more of the Secured Parties against the U.S. Borrower under or pursuant to the U.S. Obligations payable to such Secured Parties do not constitute common
property (een gemeenschap) within the meaning of Article 3:166 of the Netherlands Civil Code (“NCC”) and that the provisions relating to such common property shall not apply. If, however, it would be held that such claims of
the Administrative Agent and such claims of any one or more of the Secured Parties do constitute such common property and such provisions do apply, the parties to this Agreement agree that any Intercreditor Agreement shall constitute an
administration agreement (beheersregeling) within the meaning of Article 3:168 NCC. 
 (v) For the avoidance of
doubt, the parties hereto confirm that this Agreement is not to be construed as an agreement as referred to in Article 6:16 NCC and that Article 6:16 NCC shall not apply, and therefore that the provisions relating to common property (een
gemeenschap) within the meaning of Article 3:166 NCC shall not apply by analogy to the relationship between the Secured Parties on the one hand, and the U.S. Borrower as debtor of the Parallel Debt U.S. Obligations, on the other hand.

 (vi) To the extent the Administrative Agent irrevocably (onaantastbaar) receives any amount in payment of the
Parallel Debt U.S. Obligations (the “U.S. Received Amount”), the Administrative Agent shall distribute such amount among the Secured Parties in accordance with the Intercreditor Agreements. Upon irrevocable (onaantastbaar)
receipt of any U.S. Received Amount, the U.S. Obligations shall be reduced by an aggregate amount (the “U.S. Deductible Amount”) equal to the U.S. Received Amount in the manner as if the U.S. Deductible Amount were received as a
payment of the U.S. Obligations on the date of receipt by the Administrative Agent of the U.S. Received Amount. 
  

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 (b) Parallel Debt Foreign Obligations. (i) Each of the U.S.
Borrower and the Foreign Borrowers hereby irrevocably and unconditionally undertakes to pay to the Administrative Agent amounts equal to the aggregate amount payable (verschuldigd) to any of the Secured Parties or the Administrative Agent
under or pursuant to the Foreign Obligations (these payment undertakings to the Administrative Agent hereinafter collectively referred to as the “Parallel Debt Foreign Obligations”). 
 (ii) The Parallel Debt Foreign Obligations will become due and payable (opeisbaar) immediately upon the Administrative
Agent’s first demand, which may be made at any time, as and when one or more of the Foreign Obligations becomes due and payable. 
 (iii) Each of the parties to this Agreement hereby acknowledges that (A) the Parallel Debt Foreign Obligations constitute undertakings, obligations and liabilities of the U.S. Borrower and the Foreign Borrowers to the
Administrative Agent which are transferable and independent from, and without prejudice to, the corresponding Foreign Obligations and (B) the Parallel Debt Foreign Obligations represent the Administrative Agent’s own separate claims to
receive payment of the Parallel Debt Foreign Obligations from the U.S. Borrower and each of the Foreign Borrowers, it being understood that the amounts which may become due and payable by the U.S. Borrower and the Foreign Borrowers under or pursuant
to the Parallel Debt Foreign Obligations from time to time shall never exceed the aggregate amount which is payable under the Foreign Obligations from time to time. 
 (iv) For the avoidance of doubt, each of the parties to this Agreement confirms that the claims of the Administrative Agent against the U.S. Borrower and each of the Foreign Borrowers in respect of
the Parallel Debt Foreign Obligations and the claims of any or more of the Lenders, the Swingline Lender, Issuing Banks and Swap Counterparties against the U.S. Borrower and the Foreign Subsidiary Loan Parties under or pursuant to the Foreign
Obligations payable to such Secured Parties and Swap Counterparties do not constitute common property (een gemeenschap) within the meaning of Article 3:166 of the Netherlands Civil Code (“NCC”) and that the provisions
relating to such common property shall not apply. If, however, it shall be held that such claims of the Administrative Agent and such claims of any one or more of the Secured Parties do constitute such common property and such provisions do apply,
the parties to this Agreement agree that any Intercreditor Agreement shall constitute the administration agreement (beheersregeling) within the meaning of Article 3:168 NCC. 
 (v) For the avoidance of doubt, the parties hereto confirm that this Agreement is not to be construed as an agreement as referred to in
Article 6:16 NCC and that Article 6:16 NCC shall not apply, and therefore that the provisions relating to common property (een gemeenschap) within the meaning of Article 3:166 NCC shall not apply by analogy to the relationship between the
Secured Parties, on the one hand, and the U.S. Borrower and the Foreign Borrowers as debtors of the Parallel Debt Foreign Obligations on the other hand. 
 (vi) To the extent the Administrative Agent irrevocably (onaantastbaar) receives any amount in payment of the Parallel Debt Foreign Obligations (the “Foreign Received

  

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Amount”), the Administrative Agent shall distribute such amount among the Secured Parties in accordance with Intercreditor Agreements. Upon irrevocable (onaantastbaar) receipt
of any Foreign Received Amount, the Foreign Obligations shall be reduced by an aggregate amount (the “Foreign Deductible Amount”) equal to the Foreign Received Amount in the manner as if the Foreign Deductible Amount were received
as a payment of the Foreign Obligations on the date of receipt by the Administrative Agent of the Foreign Received Amount. 
 SECTION 9.21. German Parallel Debt; Limitation on Enforcement. 
 (a) Each Loan Party hereby agrees and covenants with the Administrative Agent by way of an abstract acknowledgement of debt (abstraktes Schuldanerkenntnis) that each of them shall pay to the Administrative Agent sums equal to, and in
the currency of, any sums owing by it to a Secured Party (other than the Administrative Agent) under any Loan Document (the “Principal Obligations”) as and when the same fall due for payment under the relevant Loan Document (the
“German Parallel Obligations”). 
 (b) The Administrative Agent shall have its own independent
right to demand payment of the German Parallel Obligations by the Loan Parties. The rights of the Secured Parties to receive payment of the Principal Obligations are several from the rights of the Administrative Agent to receive the German Parallel
Obligations; provided that the payment by an Obligor of its German Parallel Obligations to the Administrative Agent in accordance with this Section 9.21 shall be a good discharge of the corresponding Principal Obligations and the payment
by a Loan Party of its corresponding Principal Obligations in accordance with the provisions of the Loan Documents shall be a good discharge of the relevant German Parallel Obligations. In the event of a good discharge of the Principal Obligations
the Administrative Agent shall not be entitled any more to demand payment of the corresponding German Parallel Obligations and such German Parallel Obligations shall cease to exist. This shall apply accordingly in the event of a good discharge of
the German Parallel Obligations to the corresponding Principal Obligations. 
 (c) The obligations under this
Agreement of any Foreign Subsidiary Loan Party incorporated in Germany as a limited liability company (Gesellschaft mit beschränkter Haftung) or limited liability partnership (Kommanditgesellschaft) with a limited liability
company as only general partner shall be limited as set forth in Section 6(d) of the Foreign Guarantee Agreement with the provision that an additional limitation event 6(d)(i)(iv) shall apply: “or (iv) the enforcement would cause the
illiquidity of such person.” 
 SECTION 9.22 Dutch Financial Supervisory Act. On the date of this Agreement, each
lender (including the Swingline Lender) and each issuing Bank in respect of the European Tranche or Canadian Tranche, but in the case of the Canadian Tranche only to the extent the Dutch Borrower has requested the issuance of a Revolving Letter of
Credit thereunder, hereby represents and warrants for the benefit of the Dutch Borrower, the Administrative Agent and the other Lenders that it is a PMP 
 SECTION 9.23 Power of Attorney. Each Lender (including the Swingline Lender) and each Issuing Bank hereby (and each Affiliate of a Lender by entering into an

  

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Affiliate Authorization thereby) (i) authorizes the Administrative Agent as its agent and attorney to execute and deliver, on behalf of and in the name of such Lender or Issuing Bank (or
Affiliate), all and any Loan Documents (including Security Documents) and related documentation, including as may be necessary or advisable to effect the grant of a Lien in the German Security to the holders of the First Lien Notes,
(ii) authorizes the Administrative Agent to appoint any further agents or attorneys to execute and deliver, or otherwise to act, on behalf of and in the name of the Administrative Agent for any such purpose and (iii) authorizes the
Administrative Agent to delegate its powers under this power of attorney and to do any and all acts and to make and receive all declarations that are deemed necessary or appropriate to the Administrative Agent. The Lenders and the Issuing Banks
hereby (and each Affiliate of a Lender by entering into an Affiliate Authorization thereby) relieve the Administrative Agent from the self-dealing restrictions imposed by Section 181 of the German Civil Code and the Administrative Agent may
also relieve agents, delegates and attorneys appointed pursuant to the powers granted under this Section 9.23 from the restrictions imposed by Section 181 of the German Civil Code. 
 SECTION 9.24 Certain Approvals. The Lenders by execution of this Agreement hereby approve or waive, as applicable, the collateral and
intercreditor related matters set forth on Schedule 9.24 and on Schedule 9.24 to the November 2006 Credit Agreement. 
 SECTION 9.25 U.S.A. Patriot Act. Each Lender hereby notifies the Borrowers that pursuant to the requirements of the U.S.A. Patriot Act, it is required to obtain, verify and record information that
identifies the Borrowers, which information includes the name and address of each Borrower and other information that will allow such Lender to identify the Borrowers in accordance with the U.S.A. Patriot Act. 
 SECTION 9.26 Czech Parallel Debt. 
 (a) Notwithstanding any other provision of this Agreement, each Loan Party hereby irrevocably and unconditionally undertakes to pay to the Administrative Agent sums equal to, and in the currency, of each
amount payable by such Loan Party to each of the Secured Parties (other than the Administrative Agent) under each of the Loan Documents as and when that amount falls due for payment under the relevant Loan Document. 
 (b) The Administrative Agent shall have its own independent right to demand payment of the amounts payable by each Loan Party under this
Section 9.26, irrespective of any discharge of such Loan Party’s obligation to pay those amounts to the other Secured Parties resulting from failure by them to take appropriate steps, in insolvency proceedings affecting that Loan Party, to
preserve their entitlement to be paid those amounts. 
 (c) Any amount due and payable by a Loan Party to the Administrative
Agent under this Section 9.26 shall be decreased to the extent that the other Secured Parties have received (and are able to retain) payment in full of the corresponding amount under the other provisions of the Loan Documents and any amount due
and payable by a Loan Party to the other Secured Parties under those provisions shall be decreased to the extent that the Administrative Agent has received (and is able to retain) payment in full of the corresponding amount under this
Section 9.26. 
  

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 (d) The rights of the Secured Parties (other than the Administrative Agent) to receive
payment of amounts payable by each Loan Party under the Loan Documents are several and are separate and independent from, and without prejudice to, the rights of the Administrative Agent to receive payment under this Section 9.26. 

SECTION 9.27 Scope of Obligations Guaranteed by Any Spanish Guarantor. Any guarantee, indemnity, obligation and liability granted
or assumed pursuant to the Credit Agreement, the Collateral Agreement and any security constituted by or arising under any Security Document granted in accordance with the terms set out therein by any guarantor incorporated in Spain shall not extend
to any obligation: 
 (a) to the extent that such guarantee, indemnity, obligation, liability or security would
constitute unlawful financial assistance within the meaning of Article 81 of Royal Legislative Decree 1564/1989 dated 22 December on Open Limited Liability Companies (Real Decreto Legislativo 1564/1989, de 22 de diciembre, por el que se
aprueba el Texto Refundido de la Ley de Sociedades Anónimas) or Article 40.5 of Spanish Law 2/1995 dated 23 March on Closed Limited Liability Companies (Lev 2/1995, de 23 de marzo, de Sociedades de Responsabilidad Limitada);
or 
 (b) in the case of a guarantor incorporated in Spain as a Closed Limited Liability Company, in respect of
any issuance of notes, bonds or any other negotiable securities within the meaning of Article 9 of Spanish Law 2/1995 dated 23 March on Closed Limited Liability Companies (Ley 2/1995, de 23 de marzo, de Sociedades de Responsabilidad
Limitada). 
 ARTICLE X 
 Collection Allocation Mechanism 
 SECTION 10.01.
Implementation of CAM. (a) On the CAM Exchange Date, (i) each European Tranche Lender shall immediately be deemed to have acquired (and shall promptly make payment therefor to the Administrative Agent in accordance with
Section 2.04(c)) participations in the Swingline Loans under the European Tranche in an amount equal to such Lender’s European Tranche Percentage of each such Swingline Loan outstanding on such date, (ii) simultaneously with the
automatic conversions pursuant to clause (iii) below, the Lenders shall automatically and without further act (and without regard to the provisions of Section 9.04 (but which such provisions shall remain applicable following such
exchange)) be deemed to have exchanged interests in the Loans (other than the Swingline Loans) and B/As and participations in Swingline Loans and Letters of Credit, such that in lieu of the interest of each Lender in each Loan, B/A and Letter of
Credit in which it shall participate as of such date (including such Lender’s interest in the Obligations of each Loan Party in respect of each such Loan, B/A and Letter of Credit), such Lender shall hold an interest in every

  

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one of the Loans (other than the Swingline Loans) and B/As and a participation in every one of the Swingline Loans and Letters of Credit (including the Obligations of each Loan Party in respect
of each such Loan, each Tranche C-3 Credit-Linked Deposit and each Reserve Account established pursuant to Section 10.02), whether or not such Lender shall previously have participated therein, equal to such Lender’s CAM Percentage
thereof, (iii) simultaneously with the deemed exchange of interests pursuant to clause (ii) above, the interests in the Loans to be received in such deemed exchange shall, automatically and with no further action required, be converted
into the U.S. Dollar Equivalent, determined using the Exchange Rate calculated as of such date, of such amount and on and after such date all amounts accruing and owed to the Lenders in respect of such Obligations shall accrue and be payable in
U.S. Dollars at the rate otherwise applicable hereunder and (iv) immediately upon the date of expiration of the Contract Period in respect thereof, the interests in each B/A received in the deemed exchange of interests pursuant to
clause (ii) above shall, automatically and with no further action required, be converted into the U.S. Dollar Equivalent, determined using the Exchange Rate calculated as of such date, of such amount and on and after such date all amounts
accruing and owed to the Lenders in respect of such Obligations shall accrue and be payable in U.S. Dollars at the rate otherwise applicable hereunder. It is understood and agreed that (i) Lenders holding interests in B/As on the CAM Exchange
Date shall discharge the obligations to fund such B/As at maturity in exchange for the interests acquired by such Lenders in funded Loans in the CAM Exchange and (ii) the CAM Exchange, in itself, will not affect the aggregate amount of the
Obligations (as defined in the Collateral Agreement) owing by each of (1) the Domestic Loan Parties and (2) the Foreign Subsidiary Loan Parties, on the CAM Exchange Date. Each Lender and each Loan Party hereby consents and agrees to the
CAM Exchange, and each Lender agrees that the CAM Exchange shall be binding upon its successors and assigns and any person that acquires a participation in its interests in any Loan or B/A or any participation in any Swingline Loan or Letter of
Credit. Each Loan Party 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 of the Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any promissory notes originally received by it in connection with its Loans hereunder to the Administrative Agent against delivery of
any promissory notes evidencing its interests in the Loans and B/As so executed and delivered; provided, however, that the failure of any Loan Party to execute or deliver or of any Lender to accept any such promissory note, instrument
or document shall not affect the validity or effectiveness of the CAM Exchange. 
 (b) As a result of the CAM
Exchange, upon and after the CAM Exchange Date, each payment received by the Administrative Agent pursuant to any Loan Document in respect of the Obligations, each release by the Administrative Agent to the Lenders of Tranche C-3 Credit-Linked
Deposits from the Tranche C-3 Credit-Linked Deposit Account, and each distribution made by the Administrative Agent pursuant to any Security Document in respect of the Obligations, shall be distributed to the Lenders pro rata in accordance with

  

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their respective CAM Percentages. Any direct payment received by a Lender on or after the CAM Exchange Date, including by way of set-off, in respect of an Obligation shall be paid over to the
Administrative Agent for distribution to the Lenders in accordance herewith. 
 SECTION 10.02. Letters of
Credit. (a) In the event that on the CAM Exchange Date any Letter of Credit under a Tranche shall be outstanding and undrawn in whole or in part, or any L/C Disbursement under a Tranche shall not have been reimbursed by the applicable
Borrower or with the proceeds of a Revolving Borrowing or Swingline Borrowing, each Revolving Lender under such Tranche shall promptly pay over to the Administrative Agent, in immediately available funds, an amount in U.S. Dollars equal to such
Lender’s Tranche Percentage of such undrawn face amount or (to the extent it has not already done so) such unreimbursed drawing, as applicable, together with interest thereon from the CAM Exchange Date to the date on which such amount shall be
paid to the Administrative Agent at the rate that would be applicable at the time to an ABR Revolving Loan in a principal amount equal to such undrawn face amount or unreimbursed drawing, as applicable. The Administrative Agent shall establish a
separate account (each, a “Reserve Account”) or accounts for each Lender for the amounts received with respect to each such Letter of Credit pursuant to the preceding sentence. The Administrative Agent shall deposit in each
Lender’s Reserve Account such Lender’s CAM Percentage of the amounts received from the Revolving Lenders as provided above. For the purposes of this paragraph, the U.S. Dollar Equivalent of each Lender’s participation in each
Letter of Credit denominated in an Alternative Currency shall be the amount in U.S. Dollars determined by the Administrative Agent to be required in order for the Administrative Agent to purchase currency in the applicable Alternative Currency in an
amount sufficient to enable it to deposit the actual amount of such participation in such undrawn Letter of Credit in the applicable Alternative Currency in such Lender’s Reserve Account. The Administrative Agent shall have sole dominion and
control over each Reserve Account, and the amounts deposited in each Reserve Account shall be held in such Reserve Account until withdrawn as provided in paragraph (b), (c), (d) or (e) below. The Administrative Agent shall maintain
records enabling it to determine the amounts paid over to it and deposited in the Reserve Accounts in respect of each Letter of Credit and the amounts on deposit in respect of each Letter of Credit attributable to each Lender’s CAM Percentage.
The amounts held in each Lender’s Reserve Account shall be held as a reserve against the Revolving L/C Exposure, shall be the property of such Lender, shall not constitute Loans to or give rise to any claim of or against any Loan Party and
shall not give rise to any obligation on the part of any Loan Party to pay interest to such Lender or any other obligation of any Loan Party, it being agreed that the reimbursement obligations in respect of Letters of Credit shall arise only at such
times as drawings are made thereunder, as provided in Section 2.05. 
 (b) In the event that after the CAM
Exchange Date any drawing shall be made in respect of a Letter of Credit under a Tranche, (i) the Administrative Agent shall, at the request of the applicable Issuing Bank, to the extent such drawing constitutes a

  

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Revolving L/C Disbursement, withdraw from the Reserve Account of each Lender under such Tranche any amounts, up to the amount of such Lender’s CAM Percentage of such drawing or payment,
deposited in respect of such Letter of Credit and remaining on deposit and deliver such amounts to such Issuing Bank in satisfaction of the reimbursement obligations of the Lenders under such Tranche under Section 2.05(d) (but not of the
applicable Borrower under Section 2.05(e)) and (ii) to the extent such drawing constitutes a Tranche C-3 L/C Disbursement, the Administrative Agent shall withdraw from the Tranche C-3 Credit-Linked Deposit of each Lender such Lender’s
CAM Percentage of such Tranche C-3 L/C Disbursement and deliver such amounts to the Issuing Bank as contemplated by Section 2.05(e). In the event that any Lender shall default on its obligation to pay over any amount to the Administrative Agent
as provided in this Section 10.02, the applicable Issuing Bank shall have a claim against such Lender to the same extent as if such Lender had defaulted on its obligations under Section 2.05(d), but shall have no claim against any other
Lender in respect of such defaulted amount, notwithstanding the exchange of interests in the applicable Borrower’s reimbursement obligations pursuant to Section 10.01. Each other Lender shall have a claim against such defaulting Lender for
any damages sustained by it as a result of such default, including, in the event that such Letter of Credit shall expire undrawn, its CAM Percentage of the defaulted amount. 
 (c) In the event that after the CAM Exchange Date any Letter of Credit shall expire undrawn, the Administrative Agent shall
(i) to the extent such Letter of Credit constitutes a Revolving Letter of Credit, withdraw from the Reserve Account of each Lender the amount remaining on deposit therein in respect of such Letter of Credit and distribute such amount to such
Lender and (ii) to the extent such Letter of Credit constitutes a Tranche C-3 Letter of Credit, withdraw from the Tranche C-3 Credit-Linked Deposit of each Lender the portion of such deposit attributable to such Letter of Credit and distribute
such amount to such Lender. 
 (d) With the prior written approval of the Administrative Agent (not to be
unreasonably withheld), any Lender may withdraw its Tranche C-3 Credit-Linked Deposit or the amount held in its Reserve Account in respect of the undrawn amount of any Letter of Credit. Any Lender making such a withdrawal shall be unconditionally
obligated, in the event there shall subsequently be a drawing under such Letter of Credit, to pay over to the Administrative Agent, in the currency in which such drawing is denominated, for the account of the applicable Issuing Bank, on demand, its
CAM Percentage of such drawing or payment. 
 (e) Pending the withdrawal by any Lender of any amounts from its
Reserve Account as contemplated by the above paragraphs, the Administrative Agent will, at the direction of such Lender and subject to such rules as the Administrative Agent may prescribe for the avoidance of inconvenience, invest such amounts in
Permitted Investments. Each Lender that has not withdrawn its amounts in its Reserve Account as provided in paragraph (d) above shall have the right, at intervals reasonably specified by the Administrative Agent, to withdraw the earnings on
investments so made by the Administrative Agent with amounts in its Reserve Account and to retain such earnings for its own account. 
  

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 SECTION 10.03. November 2006 Credit Agreement; Effectiveness of Amendment
and Restatement. On and after the Amendment Effective Date, all obligations of the Loan Parties under the November 2006 Credit Agreement shall become obligations of the Loan Parties hereunder, secured by the Security Documents, and the
provisions of the November 2006 Credit Agreement shall be superseded by the provisions hereof. Each of the parties hereto confirm that the amendment and restatement of the November 2006 Credit Agreement pursuant to this Agreement shall not
constitute a novation of the November 2006 Credit Agreement. 
  

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 SCHEDULE 1.01A 
 FOREIGN SUBSIDIARY LOAN PARTIES 
  

			
	 UK Subsidiary Loan Parties
	  	
		
	Borden Chemical Finance Limited	  	Hexion Specialty Chemicals Clayton Ltd.
		
	Borden International Holdings Limited	  	Hexion Specialty Chemicals Stanlow Limited
		
	Combined Composite Technologies Limited	  	
		
	 Canadian Subsidiary Loan Parties
	  	
		
	Hexion Nova Scotia Finance, ULC	  	
		
	 Dutch Subsidiary Loan Parties
	  	
		
	Hexion Specialty Chemicals Finance B.V.	  	Resolution Research Nederland B.V.
		
	Hexion Specialty Chemicals Holding B.V.	  	Resolution Specialty Materials Rotterdam B.V.
		
	Hexion Specialty Chemicals Maastricht B.V.	  	RSM Europe B.V.
		
	Hexion Specialty Chemicals Rotterdam Ink B.V.	  	
		
	 German Subsidiary Loan Parties
	  	
		
	Hexion Specialty Chemicals Forest Products GmbH	  	Hexion Specialty Chemicals Wesseling GmbH
		
	Hexion Specialty Chemicals Holding Germany GmbH	  	National Borden Chemical Germany GmbH
		
	Hexion Specialty Chemicals Leuna GmbH	  	New Nimbus GmbH & Co. KG
		
	 Hong Kong Subsidiary Loan Parties
	  	
		
	Hexion Fengkai Holdings Limited	  	Hexion IAR Holdings (HK) Limited
		
	Hexion Funing Holdings Limited	  	Hexion Nanping Holdings Limited

 SCHEDULE 1.01B 
 UNRESTRICTED SUBSIDIARIES 
  

			
		
	Aegir Limited	  	Hexion Specialty Chemicals Somersby Pty. Ltd.
		
	Asia Dekor Borden (Hong Kong) Chemical Co. Ltd.	  	Hexion Specialty Chemicals Management (Shanghai) Co., Ltd.
		
	Asia Dekor Borden Chemical (Heyuan) Company Limited	  	Hexion Specialty UV Coatings (Shanghai) Limited
		
	Cherrydene Limited	  	Hexion UV Coatings (Shanghai) Co., Ltd.
		
	Fullcliff P.I.P.E.S. Limited	  	InfraTec Duisburg GmbH
		
	GRQ Developments Limited	  	J E Ridnell Pty. Ltd.
		
	HA-International, LLC	  	Nimbus Merger Sub, Inc.
		
	Hattrick (Barbados) Finco SRL	  	North America Sugar Industries Incorporated
		
	Hexion 2 Nova Scotia Finance, ULC	  	Resinite Limited
		
	Hexion 2 U.S. Finance Corp.	  	Resolution Specialty Materials Mexico S.de R.L.de C.V.
		
	Hexion Escrow Corporation	  	Riley’s Commodities Limited
		
	Hexion Finance Escrow LLC	  	Riley’s Supplies Limited
		
	Hexion Specialty Chemicals (Caojing) Limited	  	Riley’s Vehicle Services Limited
		
	Hexion Specialty Chemicals (Heyuan) Limited	  	RPC Foods, Ltd.
		
	Hexion Specialty Chemicals Holdings (China) Limited	  	The Cuban American Mercantile Corporation
		
	Hexion Specialty Chemicals SDN. BHD.	  	The West India Company
		
	Hexion Specialty Chemicals SG. Petani SDN. BHD.	  	Vanguard Plastics Limited

 SCHEDULE 2.01 
 COMMITMENTS 
 ON FILE WITH THE ADMINISTRATIVE AGENT.

 SCHEDULE 3.08(a) 
 SUBSIDIARIES 
  

							
	 Subsidiary
	  	 Jurisdiction of
Organization
	  	 Owner(s)
	  	Total
Owned
	Borden Chemical Foundry, LLC	  	Delaware	  	Hexion Specialty Chemicals, Inc.	  	100%
	Borden Chemical International, Inc.	  	Delaware	  	Hexion Specialty Chemicals, Inc.	  	100%
	Borden Chemical Investments, Inc.	  	Delaware	  	Hexion Specialty Chemicals, Inc.	  	100%
	HA-International, LLC	  	Delaware	  	Borden Chemical Foundry, LLC	  	50%
	Hexion CI Holding Company (China) LLC	  	Delaware	  	Lawter International Inc.	  	100%
	Hexion Escrow Corp.	  	Delaware	  	Hexion Finance Escrow LLC f/k/a New Nimbus LLC	  	100%
	Hexion Finance Escrow LLC f/k/a New Nimbus LLC	  	Delaware	  	Hexion Specialty Chemicals B.V.	  	100%
	Hexion LLC	  	Delaware	  	N/A	  	N/A
	Hexion U.S. Finance Corp.	  	Delaware	  	Hexion Specialty Chemicals, Inc.	  	100%
	Hexion 2 U.S. Finance Corp.	  	Delaware	  	Hexion Specialty Chemicals, Inc.	  	100%
	HSC Capital Corporation	  	Delaware	  	Hexion Specialty Chemicals, Inc.	  	100%
	Lawter International Inc.	  	Delaware	  	Hexion Specialty Chemicals, Inc.	  	100%
	Oilfield Technology Group, Inc.	  	Delaware	  	Hexion Specialty Chemicals, Inc.	  	100%
	Nimbus Merger Sub, Inc.	  	Delaware	  	Hexion Specialty Chemicals, Inc.	  	100%
	Hexion Specialty Chemicals, Inc.	  	New Jersey	  	Hexion LLC	  	100%
	North American Sugar Industries Incorporated	  	New Jersey	  	Hexion Specialty Chemicals, Inc.	  	100%
	The Cuban American Mercantile Corporation	  	New Jersey	  	North America Sugar Industries Incorporated	  	100%
	The West India Company	  	New Jersey	  	North America Sugar Industries Incorporated	  	100%
	Hexion Specialty Chemicals Canada, Inc.	  	Canada	  	Hexion Specialty Chemicals, Inc.	  	100%
	Hexion Nova Scotia Finance, ULC	  	Nova Scotia	  	Hexion Specialty Chemicals, Inc.	  	100%
	Hexion 2 Nova Scotia Finance, ULC	  	Nova Scotia	  	Hexion Specialty Chemicals, Inc.	  	100%
	Aegir Limited	  	UK	  	Resinite Limited	  	100%
	Bakelite Polymers UK Ltd.	  	UK	  	Hexion Specialty Chemicals GmbH	  	100%
	Borden Chemical Finance Limited	  	UK	  	Borden Chemical UK Limited	  	100%
	Borden Chemical UK Limited	  	UK	  	Borden International Holdings Limited	  	100%
	Borden International Holdings Limited	  	UK	  	Hexion Specialty Chemicals Canada, Inc.	  	100%
	Cherrydene Limited	  	UK	  	Aegir Limited	  	100%
	Combined Composite Technologies Limited	  	UK	  	Borden Chemical UK Limited	  	100%
	Fullcliff P.I.P.E.S. Limited	  	UK	  	Aegir Limited	  	100%
	GRQ Developments Ltd.	  	UK	  	Aegir Limited	  	100%
	Hexion Specialty Chemicals Clayton Ltd.	  	UK	  	RSM Europe B.V.	  	100%
	Hexion Specialty Chemicals Stanlow Limited	  	UK	  	Hexion Specialty Chemicals Holding B.V.	  	100%
	Hexion Specialty Chemicals UK Limited	  	UK	  	 Hexion Specialty Chemicals Canada, Inc. (49%)
 Borden International Holdings Limited (51%)
	  	100%
	Resinite Limited	  	UK	  	Vanguard Plastics Limited	  	100%
	Riley’s Commodities Limited	  	UK	  	Aegir Limited	  	100%
	Riley’s Supplies Limited	  	UK	  	Aegir Limited	  	100%
	Riley Vehicle Services Limited	  	UK	  	Aegir Limited	  	100%

							
	 Subsidiary
	  	 Jurisdiction of
Organization
	  	 Owner(s)
	  	Total
Owned
	RPC Foods, Ltd.	  	UK	  	Aegir Limited	  	100%
	Vanguard Plastics Limited	  	UK	  	Borden Chemical UK Limited	  	100%
	Hexion Specialty Chemicals Netherlands I B.V.	  	Netherlands	  	Hexion Specialty Chemicals Holding B.V.	  	100%
	Hexion Specialty Chemicals Netherlands II B.V. 	  	Netherlands	  	Hexion Specialty Chemicals B.V.	  	100%
	Hexion Specialty Chemicals Netherlands III B.V. 	  	Netherlands	  	Hexion Specialty Chemicals B.V.	  	100%
	Hexion Specialty Chemicals Netherlands IV B.V. 	  	Netherlands	  	Hexion Specialty Chemicals B.V.	  	100%
	Hexion Specialty Chemicals Netherlands V B.V. 	  	Netherlands	  	Hexion Specialty Chemicals Netherlands II B.V.	  	100%
	Hexion Shchekinoazot Holding B.V.1	  	Netherlands	  	Hexion Specialty Chemicals Holding B.V.	  	50%
	Hexion Specialty Chemicals B.V.	  	Netherlands	  	Hexion Specialty Chemicals Holding B.V.	  	100%
	Hexion Specialty Chemicals Finance B.V.	  	Netherlands	  	Hexion Specialty Chemicals B.V.	  	100%
	Hexion Specialty Chemicals Holding B.V.	  	Netherlands	  	Hexion Specialty Chemicals, Inc.	  	100%
	Hexion Specialty Chemicals Maastricht B.V.	  	Netherlands	  	RSM Europe B.V.	  	100%
	Hexion Specialty Chemicals Rotterdam Ink B.V.	  	Netherlands	  	RSM Europe B.V.	  	100%
	Resolution Research Nederland B.V.	  	Netherlands	  	Hexion Specialty Chemicals Holding B.V.	  	100%
	Resolution Specialty Materials Rotterdam B.V.	  	Netherlands	  	RSM Europe B.V.	  	100%
	RSM Europe B.V.	  	Netherlands	  	Hexion Specialty Chemicals B.V.	  	100%
	Hexion Specialty Chemicals Forest Products GmbH	  	Germany	  	 National Borden Chemical Germany GmbH (94.8%)
 New Nimbus GmbH & Co. KG (5.2%)
	  	100%
	Hexion Specialty Chemicals GmbH	  	Germany	  	 National Borden Chemical Germany GmbH (94.8%)
 New Nimbus GmbH & Co. KG (5.2%)
	  	100%
	Hexion Specialty Chemicals Holding Germany GmbH	  	Germany	  	Hexion Specialty Chemicals, Inc.	  	100%
	Hexion Specialty Chemicals Leuna GmbH	  	Germany	  	 RSM Europe B.V (94.8%)
 New
Nimbus GmbH & Co. KG (5.2%)
	  	100%
	Hexion Specialty Chemicals Stuttgart GmbH	  	Germany	  	Hexion Specialty Chemicals GmbH	  	100%
	Hexion Specialty Chemicals Wesseling GmbH	  	Germany	  	 Hexion Specialty Chemicals Holding B.V. (94.8%)
 New Nimbus GmbH & Co. KG (5.2%)
	  	100%
	InfraTec Duisburg GmbH2	  	Germany	  	Hexion Specialty Chemicals GmbH	  	70%
	National Borden Chemical Germany GmbH	  	Germany	  	Hexion Specialty Chemicals Canada, Inc.	  	100%

  

	1	 Joint venture with third party. 

	2	 Joint venture with third party. 

							
	 Subsidiary
	  	 Jurisdiction of
Organization
	  	 Owner(s)
	  	Total
Owned
	New Nimbus GmbH & Co. KG	  	Germany	  	 Hexion Specialty Chemicals Holding B.V. (25%)
 Hexion Specialty Chemicals Holding Germany GmbH (25%)
 National Borden Chemical Germany GmbH (25%)

 RSM Europe B.V. (25%)
	  	100%
	Hexion Fengkai Holdings Limited	  	Hong Kong	  	Hexion Specialty Chemicals Rotterdam Ink B.V.	  	100%
	Hexion Funing Holdings Limited	  	Hong Kong	  	Lawter International Inc.	  	100%
	Hexion IAR Holdings (HK) Limited	  	Hong Kong	  	Hexion CI Holding Company (China) LLC	  	100%
	Hexion Nanping Holdings Limited	  	Hong Kong	  	Hexion CI Holding Company (China) LLC	  	100%
	Hexion Specialty Chemicals BVBA	  	Belgium	  	 RSM Europe B.V. (99.9%)
 Resolution Specialty Materials Rotterdam B.V. (0.1%)
	  	100%
	Hexion Specialty Chemicals Research Belgium S.A.	  	Belgium	  	 Hexion Specialty Chemicals Holding B.V. (95%)
 Resolution Research Nederland B.V. (5%)
	  	100%
	Hexion Specialty Chemicals, a.s.	  	Czech Republic	  	Resolution Specialty Materials Rotterdam B.V.	  	100%
	Hexion Specialty Chemicals Pardubice s.r.o.	  	Czech Republic	  	 National Borden Chemical Germany GmbH (99.99%)
 Hexion Specialty Chemicals GmbH (.01%)
	  	100%
	Hexion Specialty Chemicals Italia S.p.A.	  	Italy	  	Hexion Specialty Chemicals GmbH	  	100%
	Hexion Specialty Chemicals, S.r.l.	  	Italy	  	RSM Europe B.V.	  	100%
	Bexley Finance, S.A.	  	Panama	  	Borden Chemical Holdings (Panama) S.A. (Class B)	  	100%
	Borden Chemical Holdings (Panama) S.A.	  	Panama	  	Hexion Specialty Chemicals Canada, Inc. (Class A and Class B)	  	100%
	Borden Chemical Resinas, Panama, S.R.L.	  	Panama	  	Borden Chemical Holdings (Panama) S.A.	  	100%
	Hexion Quimica S.A.	  	Panama	  	Hexion Specialty Chemicals, Inc.	  	100%
	Hexion Specialty Chemicals Asua SL	  	Spain	  	RSM Europe B.V.	  	100%
	Hexion Specialty Chemicals Barbastro S.A.	  	Spain	  	Hexion Specialty Chemicals Holding B.V.	  	100%
	Hexion Specialty Chemicals Iberica, S.A.	  	Spain	  	Hexion Specialty Chemicals GmbH	  	100%
	Servicios Factoria Barbastro S.A.3	  	Spain	  	Hexion Specialty Chemicals Barbastro S.A.	  	50%
	Hexion Quimica Argentina SA	  	Argentina	  	 Borden Chemical Holdings Panama S.A. (88%)
 Hexion Specialty Chemicals, Inc. (12%)
	  	100%
	International Pine Products SA (IPP)	  	Argentina	  	 Hexion Quimica Argentina S.A. (95%)
 Hexion Specialty Chemicals, Inc. (5%)
	  	100%
	Quimica Borden Argentina S.A.	  	Argentina	  	 Borden Chemical Holdings (Panama) S.A. (95%)
 Hexion Specialty Chemicals, Inc (5%)
	  	100%
	Hexion Specialty Chemicals Pty. Ltd.	  	Australia	  	Hexion Specialty Chemicals Canada, Inc.	  	100%
	Hexion Specialty Chemicals Somersby Pty. Ltd.	  	Australia	  	 Hexion Specialty Chemicals Pty, Ltd. (50%)
 J E Ridnell Pty. Ltd. (50%)
	  	100%
	J E Ridnell Pty. Ltd.	  	Australia	  	Hexion Specialty Chemicals Pty. Ltd.	  	100%

  

	3	 Joint venture with third party. 

							
	 Subsidiary
	  	 Jurisdiction of
Organization
	  	 Owner(s)
	  	Total
Owned
	Hattrick (Barbados) Finco SRL	  	Barbados	  	Hexion Specialty Chemicals Canada, Inc.	  	100%
	Danlinvest Holdings Ltda.	  	Brazil	  	 Hexion Quimica Industria E Commercio Ltda. (99.99%)
 1 nominal shareholder (0.1%)
	  	99.99%
	Hexion Quimica Industria E Commercio Ltda.	  	Brazil	  	 Borden Chemical Holdings (Panama) S.A. (99.999%)
 Borden Chemical Resines, Panama, S.R.L (0.001%)
	  	100%
	Asia Dekor Borden Chemical (Heyuan) Company Limited	  	China	  	Asia Dekor Borden (Hong Kong) Chemical Co. Ltd.	  	100%
	Hexion UV Coatings (Shanghai) Co., Ltd.4	  	China	  	Hexion Specialty UV Coatings (Shanghai) Limited	  	49.9%
	Fengkai Hexion Specialty Chemicals Co., Ltd.5
	  	China	  	Hexion Fengkai Holdings, Ltd. (70%)	  	70%
	Fujian Nanping Hexion Specialty Chemicals Co., Ltd.	  	China	  	 Hexion Nanping Holdings Limited (49%)
 Tianjin Hexion Specialty Chemicals Co., Ltd. (51%)
	  	100%
	Hexion Specialty Chemicals Management (Shanghai) Co., Ltd.	  	China	  	Hexion Specialty Chemicals (Caojing) Limited	  	100%
	Jiangsu Funing Hexion Specialty Chemicals Co., Ltd.6	  	China	  	Lawter International Inc.	  	90%
	Tianjin Hexion Specialty Chemical Co., Ltd.	  	China	  	Hexion IAR Holdings (HK) Limited	  	100%
	Hexion Specialty Chemicals Oy	  	Finland	  	Hexion Specialty Chemicals GmbH	  	100%
	Hexion Specialty Chemicals France SAS	  	France	  	RSM Europe B.V.	  	100%
	Hexion Specialty Chemicals S.A.	  	France	  	Hexion Specialty Chemicals, Inc.7	  	98%
	Asia Dekor Borden (Hong Kong) Chemical Co. Ltd.8
	  	Hong Kong	  	Hexion Specialty Chemicals (Heyuan) Limited (50%)	  	50%
	Hexion Adhesives Holding Limited	  	Hong Kong	  	Hexion Specialty Chemicals, Inc.	  	100%
	Hexion Specialty Chemicals (Caojing) Limited	  	Hong Kong	  	 Hexion Specialty Chemicals Holdings (China) Limited
 Nominee shareholder
	  	100%
	Hexion Specialty Chemicals (Heyuan) Limited	  	Hong Kong	  	 Hexion Specialty Chemicals Holdings (China) Limited
 Nominee shareholder
	  	100%
	Hexion Specialty UV Coatings (Shanghai) Limited	  	Hong Kong	  	 Hexion Specialty Chemicals Holdings (China) Limited
 Nominee shareholder
	  	100%
	Hexion Chengdu Holdings Limited	  	Hong Kong	  	Hexion Specialty Chemicals, Inc.	  	100%
	Hexion Specialty Chemicals Holdings (China) Limited	  	Hong Kong	  	 Hexion Specialty Chemicals, Inc.
 Nominee shareholder
	  	100%
	Hexion ZhangJiaGang Holdings Limited	  	Hong Kong	  	Hexion Specialty Chemicals, Inc.	  	100%
	Hexion Specialty Chemicals Korea Company Limited	  	Korea	  	Hexion Specialty Chemicals GmbH	  	100%

  

	4	 Joint venture with third party. 

	5	 Joint venture with third party. 

	6	 Joint venture with third party. 

	7	 Other 2% is owned by Hexion directors and inactive Hexion subsidiaries. 

	8	 Joint venture with third party. 

							
	 Subsidiary
	  	 Jurisdiction of
Organization
	  	 Owner(s)
	  	Total
Owned
	Borden Luxembourg S.a.r.l	  	Luxembourg	  	Hexion Specialty Chemicals Canada, Inc.	  	100%
	Hexion Specialty Chemicals Luxembourg S.a.r.l	  	Luxembourg	  	Hexion Specialty Chemicals, Inc.	  	100%
	Hexion Specialty Chemicals Sdn. Bhd.	  	Malaysia	  	 Borden Chemical Holdings (Panama) S.A. (66%)
 Hexion Specialty Chemicals, Inc (34%)
	  	100%
	Hexion Specialty Chemicals SG. Petani Sdn. Bhd.	  	Malaysia	  	Hexion Specialty Chemicals Somersby Pty. Ltd.	  	100%
	Resolution Specialty Materials	  	Mexico	  	RSM Europe B.V.	  	99.9%
	Mexico S.de R.L.de C.V.	  		  	Hexion Specialty Chemicals B.V.	  	.1%
	Hexion Specialty Chemicals (N.Z.) Limited	  	New Zealand	  	Hexion Specialty Chemicals Pty Ltd.	  	100%
	Hexion Specialty Chemicals Ltda.	  	Portugal	  	 Hexion Specialty Chemicals BVBA (70%)
 RSM Europe B.V. (30%)
	  	100%
	Hexion Shchekinoazot LLC	  	Russia	  	Hexion Shchekinoazot Holding B.V.	  	100%
	Hexion Specialty Chemicals Singapore Pte. Ltd.	  	Singapore	  	Hexion Specialty Chemicals Holding B.V.	  	100%
	Hexion Specialty Chemicals Sweden AB	  	Sweden	  	Resolution Specialty Materials Sweden Holdings AB	  	100%
	Resolution Specialty Materials Sweden Holdings AB	  	Sweden	  	RSM Europe B.V.	  	100%
	Hexion Specialty Chemicals (Taiwan) Inc.	  	Taiwan	  	Hexion Specialty Chemicals, Inc.	  	100%
	Hexion Specialty Chemicals Bangkok Ltd.	  	Thailand	  	 Hexion Specialty Chemicals Inc. (99.9%)
 Nominal Hexion shareholders (0.1%)
	  	100%
	Hexion Specialty Chemicals Samusakorn Ltd.	  	Thailand	  	 Hexion Specialty Chemicals, Inc. (99.9%)
 Nominal Hexion shareholders (0.1%)
	  	100%
	Hexion Quimica Uruguay S/A	  	Uruguay	  	Hexion Quimica Industria E Commercio Ltda.	  	100%
	Hexion Specialty Chemicals Uruguay S.A.	  	Uruguay	  	Borden Chemical Holdings (Panama) S.A.	  	100%

 SCHEDULE 3.08(b) 
 SUBSCRIPTIONS 
  

	1.	Hexion Specialty Chemicals Canada, Inc. has a subscription right for shares of common stock of Hexion Specialty Chemicals UK Limited. 

  

	2.	Pursuant to the Articles of Association of Hexion UV Coatings (Shanghai) Co., Ltd., Hexion Specialty UV Coating (Shanghai) Limited has the right to purchase from Prime
Union up to 25% of the registered capital of Hexion UV Coatings (Shanghai) Co., Ltd. 

  

	3.	Borden Hybrid Loan, which consists of (i) Note No. 1 issued on August 12, 2004 by Hexion Specialty Chemicals Canada, Inc. to Hexion Specialty Chemicals,
Inc. (subsequently assigned to Hexion Nova Scotia Finance, ULC) in an aggregate principal amount of Cdn$342,836,000 and (B) Note No. 1 issued on April 29, 2005 by Hexion Specialty Chemicals Canada, Inc. to Hexion Nova Scotia Finance,
ULC in an aggregate principal amount of Cdn$307,916,000 and, in each case, any refinancing, refundings, renewals or extensions thereof not increasing the principal amount thereof (except to the extent representing the financing premiums, interest,
fees and expenses in connection therewith) or shortening the maturity thereof, (ii) Common Share Forward Subscription Agreement dated August 12, 2004 between Hexion Specialty Chemicals, Inc. and Hexion Specialty Chemicals Canada, Inc. and
any replacement thereof and (iii) Common Share Forward Subscription Agreement dated as of April 29, 2005 between Hexion Specialty Chemicals, Inc. and Hexion Specialty Chemicals Canada, Inc. and any replacement thereof.

  

	4.	Bakelite Hybrid Loan, which consists of (i) Demand Promissory Note issued on April 28, 2005 by National Borden Chemical Germany GmbH to Hattrick Finance Co.,
LLC in an principal amount of €91,200,000 and any refinancing, refundings, renewals or extensions thereof not increasing the principal amount thereof (except to the extent representing the financing premiums, interest, fees and expenses in
connection therewith) or shortening the maturity thereof, (ii) Common Share Forward Subscription Agreement dated as of April 29, 2005, between Hexion Specialty Chemicals, Inc. and Hexion Specialty Chemicals Canada, Inc. and any replacement
thereof (iii) Preference Share Forward Purchase Agreement dated as of April 29, 2005, between Hexion Specialty Chemicals, Inc. and Hexion Nova Scotia Finance, ULC and any replacement thereof. 

  

	5.	Hexion LLC Deferred Compensation Plan. 

  

	6.	Preemptive rights of Shell Oil Company pursuant to that certain Shareholders’ Agreement, dated as of November 14, 2000, among RPP Inc. (now Hexion LLC) and
the shareholders party thereto. 

  

	7.	Commitment Letter dated March 3, 2009 pursuant to which certain entities affiliated or associated with Apollo Global Management, LLC (the “Apollo
Investors”) have committed to purchase up to $200.0 million in preferred units and warrants of Hexion LLC by December 31, 2011. 

	8.	Amended and Restated Investor Rights Agreement, dated as of May 31, 2005, among Hexion LLC, Hexion Specialty Chemicals, Inc. and the Holders (as defined therein).

  

	9.	Preemptive rights of Non-Apollo Investors (as defined therein) pursuant to that certain Hexion LLC Institutional Investors’ Agreement, dated as of May 31,
2005, among Hexion LLC and the parties listed on Schedule I thereto. 

 SCHEDULE 3.21 
 INSURANCE 
 Please see attached. 

 

 
 SCHEDULE OF INSURANCE 
 as of January 6, 2010 
  

											
	 COVERAGE /
DESCRIPTION
	  	Policy
Period	  	 Policy No.
	  	 LIMIT
	  	 DEDUCTIBLES /
RETENTIONS
	  	 CARRIER

	 GLOBAL PROPERTY
	  		  		  		  		  	Zurich Lead (various others) US
	 Includes Boiler & Machinery
	  	7/1/09-7/1/10	  	WB0901065	  	$500M per occurrence	  	$500,000 Combined Property Damage and Time Element except:	  	Zurich Lead (various others) Non US
		  	7/1/09-7/1/10	  		  		  		  	Fronting Fee
		  	7/1/09-7/1/10	  	WB0901073	  	$100M xs $500M	  		  	Lloyds / Hannover
		  		  		  		  	$1,000,000 Combined Property Damage and Time Element for locations at Stuttgart, Germany; Pleasant Prairie, WI, USA; Edmonton, AB, Canada; Kallo, Belgium; and Curitiba,
Brazil.	  	
		  		  		  		  	Except	  	
		  		  		  		  	$2,500,000 Combined Property Damage and Time Element for locations at Iserlohn, Germany; Louisville, KY, USA; Solbiate Olona, Italy; Ribecourt, France; Barry, UK; Carpentersville,
IL, USA; Leuna, Germany; and Duisburg, Germany.	  	
		  		  		  		  	Except	  	
		  		  		  		  	$10,000,000 Combined Property Damage and Time Element for locations at Deer Park, TX., Norco, LA., Pernis, Netherlands, Sokolov, CZ Republic	  	
		  		  		  		  	Except	  	
		  		  		  		  	$20,000,000 for Dutch Flood at Pernis, NL	  	
		  		  		  		  	Except	  	
		  		  		  		  	$2,000,000 Combined Property Damage and Time Element for the peril of California Earthquake	  	
	 TERRORISM
	  	7/1/09-7/1/10	  	E09RQ2759600	  	$250M excess deductible(s)	  	$500K except 5M at Pernis, Deer Park, Norco and Sokolov	  	
	 TOTAL PROPERTY PREMIUM
	  		  		  		  		  	
	 MARINE
	  		  		  		  		  	
	 MARINE CARGO
	  	7/1/09-7/1/10	  	OCP/OCWP-2677	  		  		  	Affiliated FM Insurance Company
	 Any on War Risk
	  		  		  	$7,500,000	  		  	
	 Any one domestic / foreign transit by truck, trailer and rail car
	  		  		  	$7,500,000	  		  	
	 Any one aircraft or connecting conveyance
	  		  		  	$7,500,000	  		  	
	 Any one Exhibition
	  		  		  	$5,000,000	  		  	
	 Any one approved iron or steel barge, nor for more than $3M any one tow
	  		  		  	$3,000,000	  		  	
	 “On deck” of any one vessel when subject to an “on deck” bill of lading
	  		  		  	$750,000	  		  	
	 Mail or Parcel Post
	  		  		  	$75,000	  		  	
	Deductible	  		  		  		  	$5K per occurrence	  	
	 * If certificate sales to customer, deductible does not apply
	  		  		  		  		  	
	 Excludes U.S. Inland Transit (See Global Property)
	  		  		  		  		  	
	 CHARTERERS/WHARFINGERS INSURANCE
	  	7/1/09-7/1/10	  	09L2585/01	  	$10,000,000	  		  	Navigators Ins. Co.
	 Deductible
	  		  		  		  	$25,000	  	
	 Pollution Deductible
	  		  		  		  	$75,000	  	
	 EXCESS MARINE LIABILITY
	  	7/1/09-7/1/10	  	09L2585/02	  	$15,000,000 xs $10,000,000	  		  	Nav. Ins. Co. 50% po 100%
Starr Marine 50% po 100%
	 AVIATION
	  		  		  		  		  	
	 AVIATION PRODUCTS LIABILITY
	  		  		  		  		  	
	 Cov A. Products / Completed Operations
	  	7/1/09-7/1/10	  	AP 1858779-02	  	$200,000,000	  	$0	  	AIG Aviation (Commerce & Industry)
	 Cov. B Grounding Liability
	  		  		  	$125,000,000	  		  	
	 Coverage A & B Combined Aggregate
	  		  		  	$200,000,000	  		  	
	 Spacecraft
	  		  		  	$200,000,000	  		  	
	 Foreign Military Aircraft Coverage
	  		  		  	$200,000,000	  		  	
	 War Liability - Max./Aggregate
	  		  		  	$50,000,000	  		  	

 

 
 SCHEDULE OF INSURANCE 
 as of January 6, 2010 
  

											
	 COVERAGE /
DESCRIPTION
	  	Policy
Period	  	 Policy No.
	  	 LIMIT
	  	 DEDUCTIBLES /
RETENTIONS
	  	 CARRIER

	 CASUALTY
	  		  		  		  		  	
	 GENERAL LIABILITY - US
	  	7/1/09-7/1/10	  	N/A	  	$5,000,000 Each Occurrence Indemnity / Defense	  	$5,000,000	  	Self-Insured
	 GENERAL LIABILITY - CANADA
	  	7/1/09-7/1/10	  	N/A	  	$5,000,000 Each Occurrence	  	$5,000,000	  	Self-Insured
	 AUTO LIABILITY - U.S.
	  	7/1/09-7/1/10	  	ISAH08576403	  	$2,000,000 Combined Single Limit	  	$500,000	  	ACE American Insurance Co.
	 AUTO LIABILITY - CANADA (US paid)
	  	7/1/08-7/1/10	  	CAC424495	  	$2,000,000 Combined Single Limit	  	$500,000	  	ACE INA
	 WORKERS COMPENSATION - Hexion Specialty Chemicals, Inc.
	  		  		  		  		  	
	 Coverage A - Workers Compensation Coverage B - Employers’ Liability
	  	7/1/09-7/1/10	  	WLRC45700288
SCFC4570029A	  	 Statutory
 $2,000,000
	  	$500,000	  	ACE American Insurance Co. (AL, AR, CA, DE, FL, GA, ID, IL, IN, KY, LA, MA, MI, MN, MO, MS, MT, NC, NJ, NY, OK, OR, PA, SC, TN, TX, VA, WA, WY)
ACE American
Insurance Co. (WI Only)
	 EXCESS WORKERS COMPENSATION Hexion Specialty Chemicals, Inc. (OHIO)
	  		  		  		  		  	
	 Coverage A - Workers Compensation Coverage B - Employers’ Liability
	  	7/1/09-7/1/10	  	WCUC45700306	  	 Statutory
 $1,000,000 (excess
of SIR)
	  	$500,000 SIR	  	ACE American Insurance Co.
	 WORKERS COMPENSATION - HA International Inc.
	  		  		  		  		  	
	 Coverage A - Workers Compensation Coverage B - Employers’ Liability
	  	7/1/09-7/1/10	  	WLRC45700318
SCFC4570032A	  	 Statutory
 $2,000,000
	  	$500,000	  	ACE American Insurance Co. (AL, FL, IA, IL, IN, MI, NY, OH, PA, TN)
ACE American Insurance Co. (WI Only)
	 TOTAL PRIMARY CASUALTY PREMIUM
	  		  		  		  		  	
	 INTERNATIONAL EXCESS AUTOMOBILE / EMPLOYERS LIABILITY
	  		  		  		  		  	
	 Contingent Auto Liability (each accident)
	  	7/1/09-7/1/10	  	WL10009157	  	$5,000,000	  		  	AIU WorldSource (Ins. Co. of the State of PA)
	 Foreign Voluntary WC and Employers’ Liability
	  		  		  	$5,000,000/$5,000,000/$5,000,000	  		  	
	 Repatriation Expense (ea ee/policy limit)
	  		  		  	$250,000	  		  	
	 EXCESS LIABILITY
	  		  		  		  		  	
	 Lead Umbrella (occurrence reported form)
	  	7/1/09-7/1/10	  	2213931	  	$50M xs underlying	  	$5M SIR	  	Lexington (London)
	 Lead Umbrella - Punitive Damages
	  	7/1/09-7/1/10	  	5512369	  	$50M xs underlying	  		  	AIG CAT Excess (Bermuda)
	 Excess Liability - Includes Punitive Damages
	  	7/1/09-7/1/10	  	WE0900228	  	$25M xs $50M	  		  	XL (London)
	 Excess Liability
	  	7/1/09-7/1/10	  	2213932	  	$25M xs $75M	  		  	Lexington (London)
	 Excess Liability - Punitive Damages
	  	7/1/09-7/1/10	  	5512370	  	$25M xs $75M	  		  	AIG CAT Excess - Bermuda
	 Excess Liability
	  	7/1/09-7/1/10	  	EXC1001479100	  	$25M p/o $50M xs $100M	  		  	Endurance - Bermuda
	 Excess Liability
	  	7/1/09-7/1/10	  	WE0900235	  	$25M p/o $50M xs $100M	  		  	Catlin (London)
	 Excess Liability - Punitive Damages
	  	7/1/09-7/1/10	  	MCPD202242	  	$25M p/o $50 xs $100M	  		  	Magna Carter (Bermuda)
	 Excess Liability
	  	7/1/09-7/1/10	  	EXC1001479100	  	$25M p/o $100 xs $150M	  		  	Endurance (Bermuda)
	 Excess Liability
	  	7/1/09-7/1/10	  	WE0900231	  	$25M p/o $100 xs $150M	  		  	XL (London)
	 Excess Liability
	  	7/1/09-7/1/10	  	WE0900232	  	$50M p/o $100 xs $150M	  		  	ARGO Re (London)
	 Excess Liability
	  	7/1/09-7/1/10	  	HEX-1301/XS004	  	$100M p/o $150M xs $250M	  		  	ACE (Bermuda)
	 Excess Liability
	  	7/1/09-7/1/10	  	TBD	  	$25M p/o $150M xs $250M	  		  	AIG CAT Excess (Bermuda)
	 Excess Liability
	  	7/1/09-7/1/10	  	U920031-0705	  	$25M p/o $150M xs $250M	  		  	OCIL (Oil Casualty Ins. Ltd) (Bermuda)
	 TOTAL EXCESS LIABILITY
	  		  		  		  		  	

  
 Notes 
  

	(1)	Earned premium upon cancellation will be calculated on a pro-rata basis. 

	(2)	No Min Premium earned for this program therefore based on duration of term, short rate would apply in accordance with policy forms or full premium if policy canceled
post notification of loss. 

 

 
 SCHEDULE OF INSURANCE 
 as of January 6, 2010 
  

											
	 COVERAGE /
DESCRIPTION
	  	Policy Period	  	 Policy No.
	  	 LIMIT
	  	 DEDUCTIBLES /
RETENTIONS
	  	 CARRIER

	 MANAGEMENT LIABILITY
	  		  		  		  		  	
	 DIRECTORS & OFFICERS LIABILITY
	  		  		  		  		  	
	 Primary Layer
	  	12/31/08-1/22/10	  	014240422	  	$20,000,000	  	$250,000 SIR	  	National Union Fire Ins Co. of Pittsburgh (AIG)
	 Excess Directors & Officers
	  	12/31/08-1/22/10	  	68036116	  	$20,000,000 per claim or related claim	  	$100,000	  	Federal Insurance Co. (Chubb)
	 Excess Directors & Officers
	  	12/31/08-1/22/10	  	IRH00X020802001	  		  		  	Ironshore Insurance Services
	 Excess Directors & Officers - Side A DIC
	  	12/31/08-1/22/10	  	C011135/001	  	$20,000,000	  	$100,000	  	Allied World National Assur. Co. (AWAC)
	 Total Directors & Officers Premium
	  		  		  		  		  	
	 EMPLOYMENT PRACTICES LIABILITY
	  	7/1/09-7/1/10	  	025828543	  	$20,000,000	  	$1,000,000 SIR	  	National Union Fire Ins Co. of Pittsburgh (AIG)
	 FIDUCIARY LIABILITY
	  	7/1/09-7/1/10	  	025893081	  	$20,000,000	  	$100,000 SIR	  	National Union Fire Ins Co. of Pittsburgh (AIG)
	 CRIME
	  	7/1/09-7/1/10	  	68027929	  	$15,000,000	  	$250,000 SIR	  	Federal Insurance Co. (Chubb)
	 SPECIAL CRIME (Claims Made)
	  	7/1/09-7/1/10	  	21235628	  	$20,000,000	  	$0	  	National Union Fire Ins Co. Of Pittsburgh (AIG)
	 Professional Liability/ Errors & Omissions
	  	3/10/09-10	  	H709-11300	  	$1,000,000	  	$10,000	  	Houston Casualty Company
	 (Advanced Testing Services)
	  		  		  		  		  	
	 POLLUTION LEGAL LIABILITY
	  		  		  		  		  	
	 Coverage for 3rd party BI/PD, transportation, disposal sites, some acquisitions have clean-up coverage, defense inside limits.
([Premium paid in 2005 - $1,713,093
	  	07/01/05-07/01/10	  	PLS1955824	  	$20,000,000/$40,000,000 (or lower depending on exposure)	  	$25,000 to $2,000,000 depending on exposure	  	American International Specialty Lines Ins. Co.
	 INTERNATIONAL POLLUTION LEGAL LIABILITY (Netherlands master, underlying for Argentina, Italy, Australia, Thailand, France,
Germany, Spain, New Zealand, & Portugal)
	  		  		  		  		  	
	 Coverage for 3rd party BI/PD, disposal sites, some have clean-up coverage, business interruption, defense inside
limits
	  	6/1/09-71/10	  	25.06.0070 for master	  	U.S. $10,000,000/$10,000,000	  	U.S. $500,000	  	AIG Europe - Master Netherlands
	  		  		  		  		  	AIG Europe - Local Policies
	 Total International Pollution Legal Liability Premium
	  		  		  		  		  	
	 POLLUTION LEGAL LIABILITY (Canada)
	  	6/1/06-7/1/10	  	PLS8089799	  	$1,000,000/$2,000,000	  	$100,000	  	American Home Assurance Co
	 POLLUTION LEGAL LIABILITY (Columbia, GA location)
	  	10/31/05-10/31/2010	  	PLS4763336	  	$3,000,000	  	$100,000	  	American International Specialty Lines
	 ENV. IMPAIRMENT LIABILITY - FINANCIAL ASSURANCE ONLY (Lynwood, CA location)
	  	1/5/09-1/5/10	  	PLC9213649-03	  	$1,000,000/$2,000,000	  	$50,000	  	Zurich Insurance Company (Steadfast paper)
	 TOTAL RENEWAL PREMIUMS FOR JULY 1, 2009
	  		  		  		  		  	
	 TOTAL PROGRAM COST AS OF JULY 1, 2009 (INCLUDES ALL OTHER 2009 RENEWALS)
	  		  		  		  		  	

 This insurance document is furnished to you as a matter of information for your convenience. It only
summarizes the listed policy(ies) and is not intended to reflect all the terms and conditions or exclusions of such policy(ies). Moreover, the information contained in this document reflects coverage as of the effective date(s) of the policy(ies)
and does not include subsequent changes. This document is not an insurance policy and does not amend, alter or extend the coverage afforded by the listed policy(ies). The insurance afforded by the listed policy(ies) is subject to all the terms,
exclusions and conditions of such policy(ies) 

 SCHEDULE 5.10(i) 
 CERTAIN MATTERS 
  

	1.	Amendment to pledge of shares in Hexion Specialty Chemicals, a.s. 

  

	2.	Powers of Attorney relating to RSM Rotterdam BV, National Borden Chemical Germany GmbH and JPMorgan. 

  

	3.	Extracts from the commercial register for RSM Rotterdam BV, National Borden Chemical Germany GmbH, Hexion Specialty Chemicals BV and JPMorgan. 

 

	4.	Agreement on pledge of 99.9% shareholding interest in Hexion Specialty Chemicals Pardubice s.r.o. 

  

	5.	Legal opinion of Clifford Chance LLP with respect to Hexion Specialty Chemicals Pardubice s.r.o. and Hexion Specialty Chemicals, a.s. 

  

	6.	Resolution of the Board of Directors of Hexion Specialty Chemicals a.s. 

  

	7.	Annotation of pledge on the quotaholders’ book of Hexion Specialty Chemicals S.r.l. and delivery to JPMCB, N.A. of a notarized abstract of the relevant pages of
the quotaholders’ book of Hexion Specialty Chemicals S.r.l. annotated. 

  

	8.	Release of the share pledge and the new share pledges in the shareholders register of HSC Holding BV. 

 SCHEDULE 9.24 
 CERTAIN APPROVALS 
 None. 

 Exhibit F-1 
 to the Third Amended and 
 Restated Credit Agreement 
 INTERCREDITOR AGREEMENT 
 INTERCREDITOR AGREEMENT dated as of January 29, 2010, among JPMORGAN CHASE BANK, N.A. (“JPMCB”), as Intercreditor Agent, WILMINGTON TRUST FSB, as Trustee and as Collateral
Agent, HEXION LLC, a Delaware limited liability company (“Holdings”), HEXION SPECIALTY CHEMICALS, INC., a New Jersey corporation (the “Company”), and each Subsidiary of the Company listed on
Schedule I hereto. 
 A. The Company is party to the Third Amended and Restated Credit Agreement dated as of
January 29, 2010 (as amended, restated, supplemented, waived or otherwise modified from time to time, the “Credit Agreement”), among Holdings, the Company, Hexion Specialty Chemicals Canada, Inc., a Canadian corporation,
Hexion Specialty Chemicals B.V., a company organized under the laws of The Netherlands, Hexion Specialty Chemicals UK Limited, a corporation organized under the laws of England and Wales, and Borden Chemical UK Limited, a corporation organized under
the laws of England and Wales, the lenders party thereto from time to time, JPMCB, as administrative agent, and J.P. Morgan Securities Inc., Credit Suisse Securities (USA) LLC and Citigroup Inc., as joint lead arrangers and joint bookrunners. The
Credit Agreement is included in the definition of “Credit Agreement” under the 1-1/2 Lien Notes Indenture (as defined below), and the Obligations of the Company and certain of the Company’s Subsidiaries under the Credit Agreement and
the Senior Lender Documents executed or delivered pursuant thereto constitute First-Lien Indebtedness and Senior Lender Claims hereunder. 
 B. The Company is party to the Indenture dated as of January 29, 2010 (as amended, restated, supplemented, waived or otherwise modified from time to time, the “1-1/2 Lien Notes
Indenture”), among Hexion Finance Escrow LLC, a Delaware limited liability company, Hexion Escrow Corporation, a Delaware corporation, and the Trustee, pursuant to which the Notes are governed, as assumed by the Issuers pursuant to that
certain Supplemental Indenture dated as of January 29, 2010, by and among the Issuers, the Guarantors party thereto and the Trustee. The Obligations of the Issuers, the Company, and certain of the Company’s Subsidiaries under the 1-1/2
Lien Notes Indenture, the Notes, and the other Noteholder Documents constitute Noteholder Claims and Second-Priority Claims hereunder. 
 Accordingly, in consideration of the foregoing, the mutual covenants and obligations herein set forth and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, the parties hereto, intending
to be legally bound, hereby agree as follows: 
 Section 1. Definitions. 
 1.1. Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “1-1/2 Lien Notes Indenture” shall have the meaning set forth in the recitals. 

 “Agreement” shall mean this Agreement, as amended, renewed,
extended, supplemented or otherwise modified from time to time in accordance with the terms hereof. 
 “Bankruptcy
Law” shall mean Title 11 of the United States Code and any similar Federal, state or foreign law for the relief of debtors. 
 “Business Day” shall mean any day other than a Saturday, a Sunday or a day that is a legal holiday under the laws of the State of New York or on which banking institutions in the
State of New York are required or authorized by law or other governmental action to close. 
 “Cash Management
Obligations” shall mean, with respect to any Person, all obligations, whether now owing or hereafter arising, of such Person in respect of overdrafts and related liabilities owed to any other Person that arise from treasury, depositary
or cash management services, including any automated clearing house transfers of funds or any similar transactions. 
 “Collateral Agent” shall mean Wilmington Trust FSB, in its capacity as collateral agent for the holders under the 1-1/2 Lien Notes Indenture. 
 “Common Collateral” shall mean all of the assets of any Grantor, whether real, personal or mixed, constituting both
Senior Lender Collateral and Second-Priority Collateral. 
 “Company” shall have the meaning set forth
in the preamble. 
 “Comparable Second-Priority Collateral Document” shall mean, in relation to any
Common Collateral subject to any Lien created under any Senior Collateral Document, those Second-Priority Collateral Documents that create a Lien on the same Common Collateral, granted by the same Grantor. 
 “Credit Agreement” shall have the meaning set forth in the recitals. 
 “Deposit Account” shall have the meaning set forth in the Uniform Commercial Code. 
 “Deposit Account Collateral” shall mean that part of the Common Collateral comprised of or contained in Deposit
Accounts or Securities Accounts. 
 “DIP Financing” shall have the meaning set forth in
Section 6.1. 
 “Discharge of Senior Lender Claims” shall mean, except to the extent otherwise
provided in Section 5.7, payment in full in cash (except for contingent indemnities and cost and reimbursement obligations to the extent no claim has been made) of (a) all Obligations in respect of all outstanding First-Lien Indebtedness
and, with respect to letters of credit or letter of credit guaranties outstanding thereunder, delivery of cash collateral or backstop letters of credit in respect thereof in compliance with the Senior Credit Agreement, in each case after or
concurrently with the termination of all commitments to extend credit thereunder and (b) any other Senior Lender Claims that are due and payable or otherwise accrued and owing at or prior to the time such principal and interest are paid.

  

 2 

 “Existing Second Lien Intercreditor Agreement” shall mean the
Intercreditor Agreement, dated as of November 3, 2006, among JPMCB, as intercreditor agent, Wilmington Trust Company, as trustee and as collateral agent, Holdings, the Company and each subsidiary of the Company party thereto, as amended,
amended and restated, supplemented or otherwise modified from time to time. 
 “First-Lien Indebtedness”
shall mean (a) any Bank Indebtedness (as defined in the 1-1/2 Lien Notes Indenture on the date hereof), including all Indebtedness incurred by the Company and its Subsidiaries pursuant to the Credit Agreement and the other Senior Lender
Documents, that is secured by a Permitted Lien (as defined in the 1-1/2 Lien Notes Indenture on the date hereof and incurred or deemed incurred pursuant to clause (8)(B) of the definition thereof), (b) all other Obligations (not
constituting Indebtedness) of the Company and its Subsidiaries under the agreements governing such Bank Indebtedness and (c) all other Obligations of the Company and its Subsidiaries in respect of Hedging Obligations or Cash Management
Obligations in connection with Indebtedness described in clause (a) or Obligations described in clause (b). 
 “Future First-Lien Indebtedness” shall mean any First-Lien Indebtedness other than First-Lien Indebtedness referred to in clauses (a) and (b) of the definition of First-Lien Indebtedness incurred pursuant
to the Credit Agreement and the Senior Lender Documents entered into in connection therewith. 
 “Future Second Lien
Indebtedness” shall mean Indebtedness or Obligations (other than Noteholder Claims) of the Company and its Subsidiaries that is to be equally and ratably secured with the Noteholder Claims and is so designated by the Company as Future
Second Lien Indebtedness; provided, however, that such Future Second Lien Indebtedness is permitted to be so incurred in accordance with any Senior Lender Documents and any Second-Priority Documents, as applicable. 
 “Grantors” shall mean the Company and each of the Subsidiaries that has executed and delivered a Second-Priority
Collateral Document or a Senior Collateral Document. 
 “Hedging Obligations” shall mean, with respect
to any Person, all obligations and liabilities, whether now owing or hereafter arising, of such Person in respect of (a) currency exchange, interest rate or commodity swap agreements, currency exchange, interest rate or commodity cap
agreements, and currency exchange, interest rate or commodity collar agreements and (b) other agreements or arrangements designed to protect such Person against fluctuations in currency exchange, interest rates or commodity prices. 

“Indebtedness” shall mean and include all obligations that constitute “Indebtedness” within the meaning
of the 1-1/2 Lien Notes Indenture or the Senior Credit Agreement. 
 “Indenture Secured Parties” shall
mean the Persons holding Noteholder Claims, including the Trustee. 
  

 3 

 “Insolvency or Liquidation Proceeding” shall mean (a) any
voluntary or involuntary case or proceeding under any Bankruptcy Law with respect to any Grantor, (b) any other voluntary or involuntary insolvency, reorganization or bankruptcy case or proceeding, or any receivership, liquidation,
reorganization or other similar case or proceeding with respect to any Grantor or with respect to any of its assets, (c) any liquidation, dissolution, reorganization or winding up of any Grantor whether voluntary or involuntary and whether or
not involving insolvency or bankruptcy or (d) any assignment for the benefit of creditors or any other marshalling of assets and liabilities of any Grantor. 
 “Intercreditor Agent” shall mean JPMCB, in its capacity as administrative agent for the Senior Lenders under the Credit Agreement and the other Senior Lender Documents entered into
pursuant to the Credit Agreement, together with its successors (or if there is more than one Senior Credit Agreement, such agent or trustee as is designated “Intercreditor Agent” by Senior Lenders holding a majority of the Senior Lender
Claims then outstanding) and permitted assigns under the Senior Credit Agreement exercising substantially the same rights and powers. 
 “Issuers” shall mean (i) Hexion U.S. Finance Corp., a Delaware corporation, and (ii) Hexion Nova Scotia Finance, ULC, a Nova Scotia unlimited liability company. 
 “JPMCB” shall have the meaning set forth in the preamble. 
 “Lien” shall mean, with respect to any asset, any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
charge or security interest in, on or of such asset. 
 “Noteholder Claims” shall mean all Obligations
in respect of the Notes or arising under the Noteholder Documents or any of them, including all fees and expenses of the Trustee thereunder. 
 “Noteholder Collateral” shall mean all of the assets of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Noteholder Claim.

 “Noteholder Collateral Agreement” shall mean the Collateral Agreement dated as of January 29,
2010, among the Company, certain other domestic Grantors and the Collateral Agent in respect of the 1-1/2 Lien Notes Indenture. 
 “Noteholder Collateral Documents” shall mean the Noteholder Collateral Agreement and any other document or instrument pursuant to which a Lien is granted by any Grantor to secure any Noteholder Claims or under which
rights or remedies with respect to any such Lien are governed. 
 “Noteholder Documents” shall mean
(a) the 1-1/2 Lien Notes Indenture, the Notes, the Noteholder Collateral Documents and (b) any other related document or instrument executed and delivered pursuant to any Noteholder Document described in clause (a) above evidencing or
governing any Obligations thereunder. 
 “Notes” shall mean (a) the initial $1,000,000,000 in
aggregate principal amount of senior secured notes due 2018 issued pursuant to the 1-1/2 Lien Notes Indenture, (b) the exchange notes issued in exchange therefor as contemplated by the Registration Rights Agreement dated as of January 29.
2010, among the Issuers, the Company, certain of the

  

 4 

 
Company’s Subsidiaries and the initial purchasers party thereto, and (c) any additional notes issued under the 1-1/2 Lien Notes Indenture by the Issuers, to the extent permitted by the
1-1/2 Lien Notes Indenture, the Credit Agreement, any other Senior Lender Documents and any Second-Priority Document, as applicable. 
 “Obligations” shall mean, with respect to any Indebtedness, any and all obligations, whether now owing or hereafter arising, with respect to the payment of (a) any principal of or interest (including interest
accrued on or accruing after the commencement of any Insolvency or Liquidation Proceeding, whether or not a claim for post-filing interest is allowed in such proceeding) or premium on any Indebtedness, including any reimbursement obligation in
respect of any letter of credit or letter of credit guaranty, (b) any fees, indemnification obligations, expense reimbursement obligations or other liabilities payable under the documentation governing such Indebtedness, (c) any obligation
to post cash collateral in respect of letters of credit or letter of credit guaranties and any other obligations and (d) with respect to any Indebtedness constituting Senior Lender Claims, any Cash Management Obligations or Hedging Obligations
owing to any of the Senior Lenders holding such Senior Lender Claims or any affiliates thereof. 
 “Officers’
Certificate” shall have the meaning set forth in the 1-1/2 Lien Notes Indenture. 
 “Person” shall mean any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, entity or other party, including any government and any political subdivision,
agency or instrumentality thereof. 
 “Pledged Collateral” shall mean the Common Collateral in the
possession of the Intercreditor Agent (or its agents or bailees), to the extent that possession thereof is necessary to perfect a Lien thereon under the Uniform Commercial Code. 
 “Recovery” shall have the meaning set forth in Section 6.4. 
 “Required Lenders” shall mean, with respect to any Senior Credit Agreement, those Senior Lenders the approval of
which is required to approve an amendment or modification of, termination or waiver of any provision of or consent to any departure from such Senior Credit Agreement (or would be required to effect such consent under this Agreement if such consent
were treated as an amendment of the Senior Credit Agreement). 
 “Second-Priority Agents” shall mean
(a) the Trustee as agent for the Indenture Secured Parties and (b) the collateral agent for any Future Second Lien Indebtedness. 
 “Second-Priority Claims” shall mean the Noteholder Claims and all other Obligations in respect of, or arising under, the Second-Priority Documents, including all fees and expenses
of the collateral agent for any Future Second Lien Indebtedness. 
 “Second-Priority Collateral” shall
mean the Noteholder Collateral and all of the assets of any Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Future Second Lien Indebtedness. 
  

 5 

 “Second-Priority Collateral Agreements” shall mean the Noteholder
Collateral Agreement and any comparable agreement with respect to any Future Second Lien Indebtedness. 
 “Second-Priority Collateral Documents” shall mean the Noteholder Collateral Documents and any other agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any Second-Priority
Claims or under which rights or remedies with respect to such Liens are at any time governed. 
 “Second-Priority
Documents” shall mean the Noteholder Documents and any other document or instrument evidencing or governing any Future Second Lien Indebtedness. 
 “Second-Priority Designated Agent” shall mean such agent or trustee as is designated “Second-Priority Designated Agent” by Second-Priority Secured Parties holding a
majority in principal amount of the Second-Priority Claims then outstanding; it being understood that as of the date of this agreement, the Trustee shall be so designated Second-Priority Designated Agent. 
 “Second-Priority Lien” shall mean any Lien on any assets of the Company or any other Grantor securing any
Second-Priority Claims. 
 “Second-Priority Secured Parties” shall mean the Indenture Secured Parties
and all other Persons holding any Second-Priority Claims, including the collateral agent for any Future Second Lien Indebtedness. 
 “Securities Account” shall have the meaning set forth in the Uniform Commercial Code. 
 “Senior Collateral Documents” shall mean any agreement, document or instrument pursuant to which a Lien is now or hereafter granted securing any Senior Lender Claims or under which rights or remedies with respect to
such Liens are at any time governed. 
 “Senior Credit Agreement” shall mean the Credit Agreement and
any other agreement governing any Future First-Lien Indebtedness. 
 “Senior Lender Cash Management
Obligations” shall mean any Cash Management Obligations secured by any Common Collateral under the Senior Collateral Documents. 
 “Senior Lender Claims” shall mean (a) all First-Lien Indebtedness outstanding, including any Future First-Lien Indebtedness, and (b) all other Obligations (not
constituting Indebtedness under any such First-Lien Indebtedness) with respect to First-Lien Indebtedness, including all Senior Lender Hedging Obligations and Senior Lender Cash Management Obligations. Senior Lender Claims shall include all interest
and expenses accrued or accruing (or that would, absent the commencement of an Insolvency or Liquidation Proceeding, accrue) after the commencement of an Insolvency or Liquidation Proceeding in accordance with and at the rate specified in the
relevant Senior Lender Document whether or not the claim for such interest or expenses is allowed or allowable as a claim in such Insolvency or Liquidation Proceeding. 
  

 6 

 “Senior Lender Collateral” shall mean all of the assets of any
Grantor, whether real, personal or mixed, with respect to which a Lien is granted as security for any Senior Lender Claim. 
 “Senior Lender Documents” shall mean the Senior Credit Agreement, the Senior Collateral Documents and each of the other agreements, documents and instruments (including each agreement, document or instrument
providing for or evidencing a Senior Lender Hedging Obligation or Senior Lender Cash Management Obligation) providing for, evidencing or securing any Obligation under the Credit Agreement or any Future First-Lien Indebtedness and any other related
document or instrument executed or delivered pursuant to any Senior Lender Document at any time or otherwise evidencing or securing any Indebtedness arising under any Senior Lender Document. 
 “Senior Lender Hedging Obligations” shall mean any Hedging Obligations secured by any Common Collateral under the
Senior Collateral Documents. 
 “Senior Lenders” shall mean the Persons holding Senior Lender Claims,
including the Senior-Priority Agents. 
 “Senior-Priority Agents” shall mean (a) the administrative
agent under the Credit Agreement and (b) the collateral agent for any other First-Lien Indebtedness. 
 “Subsidiary” shall mean any “Subsidiary” of the Company as defined in the 1-1/2 Lien Notes Indenture. 
 “Trustee” shall mean Wilmington Trust FSB, in its capacity as trustee under the 1-1/2 Lien Notes Indenture and collateral agent under the Noteholder Collateral Documents, and its
permitted successors. 
 “Uniform Commercial Code” or “UCC” shall mean the
Uniform Commercial Code as from time to time in effect in the State of New York. 
 1.2. Terms Generally. 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 (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or
otherwise modified in accordance with this Agreement, (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein,” “hereof” and
“hereunder,” and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Sections shall be construed to refer to Sections of this
Agreement and (e) 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. 
  

 7 

 Section 2. Lien Priorities. 
 2.1. Subordination of Liens. Notwithstanding the date, time, manner or order of filing or recordation of any document or
instrument or grant, attachment or perfection of any Liens granted to the Second-Priority Secured Parties on the Common Collateral or of any Liens granted to the Intercreditor Agent or the Senior Lenders on the Common Collateral and notwithstanding
any provision of the UCC, or any applicable law or the Second-Priority Documents or the Senior Lender Documents or any other circumstance whatsoever, each Second-Priority Agent, on behalf of itself and each applicable Second-Priority Secured Party,
hereby agrees that: (a) any Lien on the Common Collateral securing any Senior Lender Claims now or hereafter held by or on behalf of the Intercreditor Agent or any Senior Lenders or any agent or trustee therefor regardless of how acquired,
whether by grant, statute, operation of law, subrogation or otherwise, shall have priority over and be senior in all respects and prior to any Lien on the Common Collateral securing any Second-Priority Claims, (b) any Lien on the Common
Collateral securing any Second-Priority Claims now or hereafter held by or on behalf of the Trustee, the Collateral Agent or any Second-Priority Secured Parties or any agent or trustee therefor regardless of how acquired, whether by grant, statute,
operation of law, subrogation or otherwise, shall be junior and subordinate in all respects to all Liens on the Common Collateral securing any Senior Lender Claims and (c) with respect to any Second-Priority Claims (and as between the
Second-Priority Agents and the Second-Priority Secured Parties), the Liens on the Common Collateral securing any Second-Priority Claims now or hereafter held by or on behalf of the Trustee, the Collateral Agent or any Second-Priority Secured Party
or any agent or trustee therefor regardless of how acquired, whether by grant, statute, operation of law, subrogation or otherwise, shall rank equally and ratably in all respects. All Liens on the Common Collateral securing any Senior Lender Claims
shall be and remain senior in all respects and prior to all Liens on the Common Collateral securing any Second-Priority Claims for all purposes, whether or not such Liens securing any Senior Lender Claims are subordinated to any Lien securing any
other obligation of the Company, any other Grantor or any other Person. 
 2.2. Prohibition on Contesting Liens.
Each Second-Priority Agent, for itself and on behalf of each applicable Second-Priority Secured Party, and the Senior-Priority Agents, for itself and on behalf of each applicable Senior Lender, agrees that it shall not (and hereby waives any right
to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the validity, perfection, priority, validity or enforceability of (a) a Lien securing any Senior Lender Claims held
(or purported to be held) by or on behalf of the Intercreditor Agent or any of the Senior Lenders or any agent or trustee therefor in any Senior Lender Collateral or (b) a Lien securing any Second-Priority Claims held (or purported to be held)
by or on behalf of any Second-Priority Secured Party in the Common Collateral, as the case may be; provided, however, that nothing in this Agreement shall be construed to prevent or impair the rights of the Intercreditor Agent or any Senior Lender
to enforce this Agreement (including the priority of the Liens securing the Senior Lender Claims as provided in Section 2.1) or any of the Senior Lender Documents. 
 2.3. No New Liens. Subject to Section 11.03 of the 1-1/2 Lien Notes Indenture and the corresponding provision of any Second-Priority Document relating to Future Second Lien
Indebtedness, so long as the Discharge of Senior Lender Claims has not occurred, the

  

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parties hereto agree that, after the date hereof, if any Second-Priority Agent shall hold any Lien on any assets of the Company or any other Grantor securing any Second-Priority Claims that are
not also subject to the first-priority Lien in respect of the Senior Lender Claims under the Senior Lender Documents, such Second-Priority Agent shall notify the Intercreditor Agent promptly upon becoming aware thereof and, upon demand by the
Intercreditor Agent or the Company, will assign or release such Lien to the Intercreditor Agent (and/or its designee) as security for the applicable Senior Lender Claims (in the case of an assignment, each Second-Priority Agent may retain a junior
lien on such assets subject to the terms hereof). Subject to Section 11.03 of the 1-1/2 Lien Notes Indenture and the corresponding provision of any Second-Priority Document relating to Future Second Lien Indebtedness, each Second-Priority Agent
agrees that, after the date hereof, if it shall hold any Lien on any assets of the Company or any other Grantor securing any Second-Priority Claims that are not also subject to the Lien in favor of the other Second-Priority Agent such
Second-Priority Agent shall notify any other Second-Priority Agent promptly upon becoming aware thereof. 
 2.4.
Perfection of Liens. Neither the Intercreditor Agent nor the Senior Lenders shall be responsible for perfecting and maintaining the perfection of Liens with respect to the Common Collateral for the benefit of the Second-Priority Agents
and the Second-Priority Secured Parties. The provisions of this Intercreditor Agreement are intended solely to govern the respective Lien priorities as between the Senior Lenders and the Second-Priority Secured Parties and shall not impose on the
Intercreditor Agent, the Second-Priority Agents, the Second-Priority Secured Parties or the Senior Lenders or any agent or trustee therefor any obligations in respect of the disposition of proceeds of any Common Collateral which would conflict with
prior perfected claims therein in favor of any other Person or any order or decree of any court or governmental authority or any applicable law. 
 Section 3. Enforcement. 
 3.1. Exercise of Remedies.

 (a) So long as the Discharge of Senior Lender Claims has not occurred, whether or not any Insolvency or Liquidation
Proceeding has been commenced by or against the Company or any other Grantor, (i) no Second-Priority Agent or any Second-Priority Secured Party will (x) exercise or seek to exercise any rights or remedies (including setoff) with respect to
any Common Collateral in respect of any applicable Second-Priority Claims, institute any action or proceeding with respect to such rights or remedies (including any action of foreclosure), (y) contest, protest or object to any foreclosure
proceeding or action brought with respect to the Common Collateral by the Intercreditor Agent or any Senior Lender in respect of the Senior Lender Claims, the exercise of any right by the Intercreditor Agent or any Senior Lender (or any agent or
sub-agent on their behalf) in respect of the Senior Lender Claims under any lockbox agreement, control agreement, landlord waiver or bailee’s letter or similar agreement or arrangement to which any Second-Priority Agent or any Second-Priority
Secured Party either is a party or may have rights as a third party beneficiary, or any other exercise by any such party, of any rights and remedies relating to the Common Collateral under the Senior Lender Documents or otherwise in respect of
Senior Lender Claims, or (z) object to the forbearance by the Senior Lenders from bringing or pursuing any foreclosure proceeding or action or any other exercise of any rights or remedies relating to the Common Collateral in

  

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respect of Senior Lender Claims and (ii) except as otherwise provided herein, the Intercreditor Agent and the Senior Lenders shall have the exclusive right to enforce rights, exercise
remedies (including setoff and the right to credit bid their debt) and make determinations regarding the release, disposition or restrictions with respect to the Common Collateral without any consultation with or the consent of any Second-Priority
Agent or any Second-Priority Secured Party; provided, however, that (A) in any Insolvency or Liquidation Proceeding commenced by or against the Company or any other Grantor, each Second-Priority Agent may file a claim or statement of interest
with respect to the applicable Second-Priority Claims and (B) each Second-Priority Agent may take any action (not adverse to the prior Liens on the Common Collateral securing the Senior Lender Claims, or the rights of the Intercreditor Agent or
the Senior Lenders to exercise remedies in respect thereof) in order to create, prove, perfect, preserve or protect (but not enforce) its rights in, and perfection and priority of its Lien on, the Common Collateral. In exercising rights and remedies
with respect to the Senior Lender Collateral, the Intercreditor Agent and the Senior Lenders may enforce the provisions of the Senior Lender Documents and exercise remedies thereunder, all in such order and in such manner as they may determine in
the exercise of their sole discretion. Such exercise and enforcement shall include the rights of an agent appointed by them to sell or otherwise dispose of Common Collateral upon foreclosure, to incur expenses in connection with such sale or
disposition, and to exercise all the rights and remedies of a secured lender under the Uniform Commercial Code of any applicable jurisdiction and of a secured creditor under Bankruptcy Laws of any applicable jurisdiction. 
 (b) So long as the Discharge of Senior Lender Claims has not occurred, each Second-Priority Agent, on behalf of itself and each applicable
Second-Priority Secured Party, agrees that it will not, in the context of its role as secured creditor, take or receive any Common Collateral or any proceeds of Common Collateral in connection with the exercise of any right or remedy (including
setoff) with respect to any Common Collateral in respect of the applicable Second-Priority Claims. Without limiting the generality of the foregoing, unless and until the Discharge of Senior Lender Claims has occurred, except as expressly provided in
the proviso in clause (ii) of Section 3.1(a), the sole right of the Second-Priority Agents and the Second-Priority Secured Parties with respect to the Common Collateral is to hold a Lien on the Common Collateral in respect of the
applicable Second-Priority Claims pursuant to the Second-Priority Documents, as applicable, for the period and to the extent granted therein and to receive a share of the proceeds thereof, if any, after the Discharge of Senior Lender Claims has
occurred. 
 (c) Subject to the proviso in clause (ii) of Section 3.1(a), (i) each Second-Priority Agent, for
itself and on behalf of each applicable Second-Priority Secured Party, agrees that no Second-Priority Agent or any Second-Priority Secured Party will take any action that would hinder any exercise of remedies undertaken by the Intercreditor Agent or
the Senior Lenders with respect to the Common Collateral under the Senior Loan Documents, including any sale, lease, exchange, transfer or other disposition of the Common Collateral, whether by foreclosure or otherwise, and (ii) each
Second-Priority Agent, for itself and on behalf of each applicable Second-Priority Secured Party, hereby waives any and all rights it or any Second-Priority Secured Party may have as a junior lien creditor or otherwise to object to the manner in
which the Intercreditor Agent or the Senior Lenders seek to enforce or collect the Senior Lender Claims or the Liens granted in any of the Senior Lender Collateral, regardless of whether any action or failure to act by or on behalf of the
Intercreditor Agent or Senior Lenders is adverse to the interests of the Second-Priority Secured Parties. 
  

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 (d) Each Second-Priority Agent hereby acknowledges and agrees that no covenant, agreement or
restriction contained in any applicable Second-Priority Document shall be deemed to restrict in any way the rights and remedies of the Intercreditor Agent or the Senior Lenders with respect to the Senior Lender Collateral as set forth in this
Agreement and the Senior Lender Documents. 
 3.2. Cooperation. Subject to the proviso in clause (ii) of
Section 3.1(a), each Second-Priority Agent, on behalf of itself and each applicable Second-Priority Secured Party, agrees that, unless and until the Discharge of Senior Lender Claims has occurred, it will not commence, or join with any Person
(other than the Senior Lenders and the Intercreditor Agent upon the request thereof) in commencing, any enforcement, collection, execution, levy or foreclosure action or proceeding with respect to any Lien held by it in the Common Collateral under
any of the applicable Second-Priority Documents or otherwise in respect of the applicable Second-Priority Claims. 
 Section
4. Payments. 
 4.1. Application of Proceeds. After an event of default under any First-Lien Indebtedness has
occurred with respect to which the Intercreditor Agent has provided written notice to each Second-Priority Agent, and until such event of default is cured or waived, so long as the Discharge of Senior Lender Claims has not occurred, the Common
Collateral or proceeds thereof received in connection with the sale or other disposition of, or collection on, such Common Collateral upon the exercise of remedies, shall be applied by the Intercreditor Agent to the Senior Lender Claims in such
order as specified in the relevant Senior Lender Documents until the Discharge of Senior Lender Claims has occurred. Upon the Discharge of Senior Lender Claims, the Intercreditor Agent shall deliver promptly to the Second-Priority Designated Agent
any Common Collateral or proceeds thereof held by it in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct to be applied by the Second-Priority Designated Agent ratably to the
Second-Priority Claims and, with respect to each class of Second-Priority Claims, in such order as specified in the relevant Second-Priority Documents. 
 4.2. Payments Over. Any Common Collateral or proceeds thereof received by any Second-Priority Agent or any Second-Priority Secured Party in connection with the exercise of any right or
remedy (including setoff) relating to the Common Collateral in contravention of this Agreement shall be segregated and held in trust for the benefit of and forthwith paid over to the Intercreditor Agent (and/or its designees) for the benefit of the
applicable Senior Lenders in the same form as received, with any necessary endorsements or as a court of competent jurisdiction may otherwise direct. The Intercreditor Agent is hereby authorized to make any such endorsements as agent for any
Second-Priority Agent or any such Second-Priority Secured Party. This authorization is coupled with an interest and is irrevocable. 
  

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 Section 5. Other Agreements. 
 5.1. Releases. 
 (a) If, at any time any Grantor or the holder of any Senior Lender Claim delivers notice to each Second-Priority Agent that any specified Common Collateral (including all or substantially all of the
equity interests of a Grantor or any of its Subsidiaries) is sold, transferred or otherwise disposed of: 
 (i)
by the owner of such Common Collateral in a transaction permitted under the Senior Credit Agreement, the 1-1/2 Lien Notes Indenture and each other Second-Priority Document (if any); or 
 (ii) during the existence of any Event of Default under (and as defined in) the Senior Credit Agreement to the extent the
Intercreditor Agent has consented to such sale, transfer or disposition: 
 then (whether or not any Insolvency or Liquidation Proceeding is
pending at the time) the Liens in favor of the Second-Priority Secured Parties upon such Collateral will automatically be released and discharged as and when, but only to the extent, such Liens on such Collateral securing Senior Lender Claims are
released and discharged. Upon delivery to each Second-Priority Agent of a notice from the Intercreditor Agent stating that any release of Liens securing or supporting the Senior Lender Claims has become effective (or shall become effective upon each
Second-Priority Agent’s release), each Second-Priority Agent will promptly execute and deliver such instruments, releases, termination statements or other documents confirming such release on customary terms. In the case of the sale of all or
substantially all of the equity interests of a Grantor or any of its Subsidiaries, the guarantee in favor of the Second-Priority Secured Parties, if any, made by such Grantor or Subsidiary will automatically be released and discharged as and when,
but only to the extent, the guarantee by such Grantor or Subsidiary of Senior Lender Claims is released and discharged. 
 (b)
Each Second-Priority Agent, for itself and on behalf of each applicable Second-Priority Secured Party, hereby irrevocably constitutes and appoints the Intercreditor Agent and any officer or agent of the Intercreditor Agent, with full power of
substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of each Second-Priority Agent or such holder or in the Intercreditor Agent’s own name, from time to time in the Intercreditor
Agent’s discretion, for the purpose of carrying out the terms of this Section 5.1, to take any and all appropriate action and to execute any and all documents and instruments that may be necessary or desirable to accomplish the purposes of
this Section 5.1, including any termination statements, endorsements or other instruments of transfer or release. 
 (c)
Unless and until the Discharge of Senior Lender Claims has occurred, each Second-Priority Agent, for itself and on behalf of each applicable Second-Priority Secured Party, hereby consents to the application, whether prior to or after a default, of
Deposit Account Collateral or proceeds of Common Collateral to the repayment of Senior Lender Claims pursuant to the Senior Credit Agreement; provided that nothing in this Section 5.1(c) shall be construed to prevent or impair the rights of the
Second-Priority Agents or the Second-Priority Secured Parties to receive proceeds in connection with the Second-Priority Claims not otherwise in contravention of this agreement. 
  

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 5.2. Insurance. Unless and until the Discharge of Senior Lender Claims has
occurred, the Intercreditor Agent and the Senior Lenders shall have the sole and exclusive right, subject to the rights of the Grantors under the Senior Lender Documents, to adjust settlement for any insurance policy covering the Common Collateral
in the event of any loss thereunder and to approve any award granted in any condemnation or similar proceeding affecting the Common Collateral. Unless and until the Discharge of Senior Lender Claims has occurred, all proceeds of any such policy and
any such award if in respect of the Common Collateral shall be paid (a) first, prior to the occurrence of the Discharge of Senior Lender Claims, to the Intercreditor Agent for the benefit of Senior Lenders pursuant to the terms of the Senior
Lender Documents, (b) second, after the occurrence of the Discharge of Senior Lender Claims, to the Second-Priority Agents for the benefit of the Second-Priority Secured Parties pursuant to the terms of the applicable Second-Priority Documents
and (c) third, if no Second-Priority Obligations are outstanding, to the owner of the subject property, such other person as may be entitled thereto or as a court of competent jurisdiction may otherwise direct. If any Second-Priority Agent or
any Second-Priority Secured Party shall, at any time, receive any proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to the Intercreditor Agent in accordance with the terms of
Section 4.2. 
 5.3. Amendments to Second-Priority Collateral Documents. 
 (a) Without the prior written consent of the Intercreditor Agent and the Required Lenders, no Second-Priority Collateral Document may be
amended, supplemented or otherwise modified or entered into to the extent such amendment, supplement or modification, or the terms of any new Second-Priority Collateral Document, would be prohibited by or inconsistent with any of the terms of this
Agreement. Each Second-Priority Agent agrees that each applicable Second-Priority Collateral Document shall include the following language (or language to similar effect approved by the Intercreditor Agent): 
 “Notwithstanding anything herein to the contrary, (i) the liens and security interests granted to the [applicable Second-Priority
Agent] pursuant to this Agreement are expressly subject and subordinate to the liens and security interests granted to (a) JPMorgan Chase Bank, N.A., as administrative agent and collateral agent (and its permitted successors) pursuant to the
[Third Amended and Restated Collateral Agreement][Foreign Pledge Agreement] dated as of [January 29], 2010 (as amended, restated, supplemented or otherwise modified from time to time), by and among [Hexion LLC, Hexion Specialty Chemicals, Inc., the
other “Grantors” named therein, JPMorgan Chase Bank, N.A., as collateral agent and the other parties party thereto][parties to the Foreign Pledge Agreement], or (b) any agent or trustee for any other Senior Lenders (as defined in the
Intercreditor Agreement referred to below), and (ii) the exercise of any right or remedy by the [applicable Second-Priority Agent] hereunder is subject to the limitations and provisions of the Intercreditor Agreement dated as of
January 29, 2010 (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), by and among JPMorgan Chase Bank, N.A., as Intercreditor Agent,

  

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Hexion Specialty Chemicals, Inc. and the other parties party thereto. In the event of any conflict between the terms of the Intercreditor Agreement and the terms of this Agreement, the terms of
the Intercreditor Agreement shall govern”. 
 (b) In the event that the Intercreditor Agent or the Senior Lenders under the
Credit Agreement or, if there is no Credit Agreement, any other Senior Lenders, enter into any amendment, waiver or consent in respect of or replace any of the Senior Collateral Documents for the purpose of adding to, or deleting from, or waiving or
consenting to any departures from any provisions of, any Senior Collateral Document or changing in any manner the rights of the Intercreditor Agent, the Senior Lenders, the Company or any other Grantor thereunder (including the release of any Liens
in Senior Lender Collateral), then such amendment, waiver or consent shall apply automatically to any comparable provision of each Comparable Second-Priority Collateral Document without the consent of any Second-Priority Agent or any Second-Priority
Secured Party and without any action by any Second-Priority Agent, Second-Priority Secured Party, the Company or any other Grantor; provided, however, that (A) such amendment, waiver or consent does not materially adversely affect the rights of
the Second-Priority Secured Parties or the interests of the Second-Priority Secured Parties in the Second-Priority Collateral and not the Intercreditor Agent or the Senior Lenders, as the case may be, that have a security interest in the affected
collateral in a like or similar manner, and (B) written notice of such amendment, waiver or consent shall have been given to each Second-Priority Agent. 
 5.4. Rights As Unsecured Creditors. Notwithstanding anything to the contrary in this Agreement, the Second-Priority Agents and the Second-Priority Secured Parties may exercise rights and
remedies as an unsecured creditor against the Company or any Subsidiary that has guaranteed the Second-Priority Claims in accordance with the terms of the applicable Second-Priority Documents and applicable law. Nothing in this Agreement shall
prohibit the receipt by any Second-Priority Agent or any Second-Priority Secured Party of the required payments of interest and principal so long as such receipt is not the direct or indirect result of the exercise by any Second-Priority Agent or
any Second-Priority Secured Party of rights or remedies as a secured creditor in respect of Common Collateral or enforcement in contravention of this Agreement of any Lien in respect of Second-Priority Claims held by any of them. In the event any
Second-Priority Agent or any Second-Priority Secured Party becomes a judgment lien creditor in respect of Common Collateral as a result of its enforcement of its rights as an unsecured creditor in respect of Second-Priority Claims, such judgment
lien shall be subordinated to the Liens securing Senior Lender Claims on the same basis as the other Liens securing the Second-Priority Claims are so subordinated to such Liens securing Senior Lender Claims under this Agreement. Nothing in this
Agreement impairs or otherwise adversely affects any rights or remedies the Intercreditor Agent or the Senior Lenders may have with respect to the Senior Lender Collateral. 
 5.5. Intercreditor Agent as Gratuitous Bailee for Perfection. 
 (a) The Intercreditor Agent agrees to hold the Pledged Collateral that is part of the Common Collateral in its possession or control (or in
the possession or control of its agents or bailees) as gratuitous bailee for each Second-Priority Agent and any assignee solely for the purpose of perfecting the security interest granted in such Pledged Collateral pursuant to the Second-Priority
Collateral Agreements, subject to the terms and conditions of this Section 5.5. 
  

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 (b) The Intercreditor Agent agrees to hold the Deposit Account Collateral that is part of
the Common Collateral and controlled by the Intercreditor Agent as gratuitous bailee for each Second-Priority Agent and any assignee solely for the purpose of perfecting the security interest granted in such Deposit Account Collateral pursuant to
the Second-Priority Collateral Agreements, subject to the terms and conditions of this Section 5.5. 
 (c) In the event
that the Intercreditor Agent (or its agent or bailees) has Lien filings against Intellectual Property (as defined in the Noteholder Collateral Agreement) that is part of the Common Collateral that are necessary for the perfection of Liens in such
Common Collateral, the Intercreditor Agent agrees to hold such Liens as gratuitous bailee for each Second-Priority Agent and any assignee solely for the purpose of perfecting the security interest granted in such Liens pursuant to the
Second-Priority Collateral Agreements, subject to the terms and conditions of this Section 5.5. 
 (d) Except as otherwise
specifically provided herein (including Sections 3.1 and 4.1), until the Discharge of Senior Lender Claims has occurred, the Intercreditor Agent shall be entitled to deal with the Pledged Collateral in accordance with the terms of the Senior
Lender Documents as if the Liens under the Second-Priority Collateral Documents did not exist. The rights of the Second-Priority Agents and the Second-Priority Secured Parties with respect to such Pledged Collateral shall at all times be subject to
the terms of this Agreement. 
 (e) The Intercreditor Agent shall have no obligation whatsoever to any Second-Priority Agent or
any Second-Priority Secured Party to assure that the Pledged Collateral is genuine or owned by the Grantors or to protect or preserve rights or benefits of any Person or any rights pertaining to the Common Collateral except as expressly set forth in
this Section 5.5. The duties or responsibilities of the Intercreditor Agent under this Section 5.5 shall be limited solely to holding the Pledged Collateral as gratuitous bailee for each Second-Priority Agent for purposes of perfecting the
Lien held by the Second-Priority Secured Parties. 
 (f) The Intercreditor Agent shall not have by reason of the Second-Priority
Collateral Documents or this Agreement or any other document a fiduciary relationship in respect of any Second-Priority Agent or any Second-Priority Secured Party and the Second-Priority Agents and the Second-Priority Secured Parties hereby waive
and release the Intercreditor Agent from all claims and liabilities arising pursuant to the Intercreditor Agent’s role under this Section 5.5, as agent and gratuitous bailee with respect to the Common Collateral. 
 (g) Upon the Discharge of Senior Lender Claims, the Intercreditor Agent shall deliver to the Second-Priority Designated Agent, to the extent
that it is legally permitted to do so, the remaining Pledged Collateral (if any) and the Deposit Account Collateral (if any) together with any necessary endorsements (or otherwise allow the Second-Priority Designated Agent to obtain control of such
Pledged Collateral and Deposit Account Collateral) or as a court of competent jurisdiction may otherwise direct. The Company shall take such further action as is required to effectuate the transfer contemplated hereby and shall indemnify the
Intercreditor Agent for loss or damage suffered by the Intercreditor Agent as a result of such transfer except for loss or damage suffered by the Intercreditor Agent as a result of its own willful misconduct, gross negligence or bad faith. The
Intercreditor Agent has no obligation to follow instructions from any Second-Priority Agent in contravention of this Agreement. 
  

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 (h) Neither the Intercreditor Agent nor the Senior Lenders shall be required to marshal any
present or future collateral security for the Company’s or its Subsidiaries’ obligations to the Intercreditor Agent or the Senior Lenders under the Senior Credit Agreement or the Senior Collateral Documents or any assurance of payment in
respect thereof or to resort to such collateral security or other assurances of payment in any particular order, and all of their rights in respect of such collateral security or any assurance of payment in respect thereof shall be cumulative and in
addition to all other rights, however existing or arising. 
 5.6. Second-Priority Designated Agent as Gratuitous Bailee
for Perfection. 
 (a) Upon the Discharge of Senior Lender Claims, the Second-Priority Designated Agent agrees to hold
the Pledged Collateral that is part of the Common Collateral in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for the other Second-Priority Agents and any assignee solely for the purpose of
perfecting the security interest granted in such Pledged Collateral pursuant to the applicable Second-Priority Collateral Agreement, subject to the terms and conditions of this Section 5.6. 
 (b) Upon the Discharge of Senior Lender Claims, the Second-Priority Designated Agent agrees to hold the Deposit Account Collateral that is
part of the Common Collateral and controlled by the Second-Priority Designated Agent as gratuitous bailee for the other Second-Priority Agents and any assignee solely for the purpose of perfecting the security interest granted in such Deposit
Account Collateral pursuant to the applicable Second-Priority Collateral Agreement, subject to the terms and conditions of this Section 5.6. 
 (c) In the event that the Second-Priority Designated Agent (or its agent or bailees) has Lien filings against Intellectual Property (as defined in the Noteholder Collateral Agreement) that is part of the
Common Collateral that are necessary for the perfection of Liens in such Common Collateral, upon the Discharge of Senior Lender Claims, the Second-Priority Designated Agent agrees to hold such Liens as gratuitous bailee for the other Second-Priority
Agents and any assignee solely for the purpose of perfecting the security interest granted in such Liens pursuant to the applicable Second-Priority Collateral Agreement, subject to the terms and conditions of this Section 5.6. 
 (d) The Second-Priority Designated Agent, in its capacity as gratuitous bailee, shall have no obligation whatsoever to the other
Second-Priority Agents to assure that the Pledged Collateral is genuine or owned by the Grantors or to protect or preserve rights or benefits of any Person or any rights pertaining to the Common Collateral except as expressly set forth in this
Section 5.6. The duties or responsibilities of the Second-Priority Designated Agent under this Section 5.6 upon the Discharge of Senior Lender Claims shall be limited solely to holding the Pledged Collateral as gratuitous bailee for the
other Second-Priority Agents for purposes of perfecting the Lien held by the applicable Second-Priority Secured Parties. 
 (e)
The Second-Priority Designated Agent shall not have by reason of the Second-Priority Collateral Documents or this Agreement or any other document a fiduciary relationship in respect of the other Second-Priority Agents (or the Second-Priority Secured
Parties for which such other Second-Priority Agents is agent) and the other Second-Priority Agents hereby waive and release the Second-Priority Designated Agent from all claims and liabilities arising pursuant to the Second-Priority Designated
Agent’s role under this Section 5.6, as agent and gratuitous bailee with respect to the Common Collateral. 
  

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 (f) In the event that the Second-Priority Designated Agent shall cease to be so designated
the Second-Priority Designated Agent pursuant to the definition of such term, the then Second-Priority Designated Agent shall deliver to the successor Second-Priority Designated Agent, to the extent that it is legally permitted to do so, the
remaining Pledged Collateral (if any) and the Deposit Account Collateral (if any) together with any necessary endorsements (or otherwise allow the successor Second-Priority Designated Agent to obtain control of such Pledged Collateral and Deposit
Account Collateral) or as a court of competent jurisdiction may otherwise direct, and such successor Second-Priority Designated Agent shall perform all duties of the Second-Priority Designated Agent as set forth herein. The Company shall take such
further action as is required to effectuate the transfer contemplated hereto and shall indemnify the Second-Priority Designated Agent for loss or damage suffered by the Second-Priority Designated Agent as a result of such transfer except for loss or
damage suffered by the Second-Priority Designated Agent as a result of its own wilful misconduct, gross negligence or bad faith. The Second-Priority Designated Agent has no obligation to follow instructions from the successor Second-Priority
Designated Agent in contravention of this Agreement. 
 5.7. When Discharge of Senior Lender Claims Deemed to Not Have
Occurred. If, at any time after the Discharge of Senior Lender Claims has occurred, the Company incurs and designates any Future First-Lien Indebtedness, then such Discharge of Senior Lender Claims shall automatically be deemed not to have
occurred for all purposes of this Agreement (other than with respect to any actions taken prior to the date of such designation as a result of the occurrence of such first Discharge of Senior Lender Claims), and the applicable agreement governing
such Future First-Lien Indebtedness shall automatically be treated as a Senior Credit Agreement for all purposes of this Agreement, including for purposes of the Lien priorities and rights in respect of Common Collateral set forth herein and the
granting by the Intercreditor Agent of amendments, waivers and consents hereunder. Upon receipt of notice of such designation (including the identity of the new Intercreditor Agent), each Second-Priority Agent shall promptly (i) enter into such
documents and agreements (at the expense of the Company), including amendments or supplements to this Agreement, as the Company or such new Intercreditor Agent shall reasonably request in writing in order to provide the new Intercreditor Agent the
rights of the Intercreditor Agent contemplated hereby and (ii) to the extent then held by any Second-Priority Agent, deliver to the Intercreditor Agent the Pledged Collateral that is Common Collateral together with any necessary endorsements
(or otherwise allow such Intercreditor Agent to obtain possession or control of such Pledged Collateral). 
 5.8. No
Release If Event of Default. Notwithstanding any other provisions contained in this Agreement, if an Event of Default (as defined in the 1-1/2 Lien Notes Indenture or any other Second-Priority Document, as applicable) exists on the date on
which all First-Lien Indebtedness is repaid in full and terminated (including all commitments and letters of credit thereunder), the second-priority Liens on the Second-Priority Collateral securing the Second-Priority Claims relating to such Event
of Default will not be released, except to the extent such Collateral or any portion thereof was disposed of in order to repay the First-Lien Indebtedness secured by such Collateral, and thereafter the applicable Second-Priority Agent will have the
right to direct the Intercreditor Agent to foreclose upon such Collateral (but in any such event,

  

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the Liens on such Collateral securing the applicable Second-Priority Claims will be released when such Event of Default and all other Events of Default under the 1-1/2 Lien Notes Indenture or any
other Second-Priority Document, as applicable, cease to exist). 
 Section 6. Insolvency or Liquidation Proceedings. 

 6.1. Financing Issues. If the Company or any other Grantor shall be subject to any Insolvency or Liquidation
Proceeding and the Intercreditor Agent shall desire to permit the use of cash collateral or to permit the Company or any other Grantor to obtain financing under Section 363 or Section 364 of Title 11 of the United States Code or any
similar provision in any Bankruptcy Law (“DIP Financing”), then each Second-Priority Agent, on behalf of itself and each applicable Second-Priority Secured Party, agrees that it will raise no (a) objection to (and will
not otherwise contest) such use of cash collateral or DIP Financing and will not request adequate protection or any other relief in connection therewith (except to the extent permitted by the proviso in clause (ii) of Section 3.1(a) and
Section 6.3) and, to the extent the Liens securing the Senior Lender Claims under the Credit Agreement or, if no Credit Agreement exists, under the other Senior Lender Documents are subordinated or pari passu with such DIP Financing, will
subordinate its Liens in the Common Collateral to such DIP Financing (and all Obligations relating thereto) on the same basis as the other Liens securing the Second-Priority Claims are so subordinated to Liens securing Senior Lender Claims under
this Agreement, (b) objection to (and will not otherwise contest) any motion for relief from the automatic stay or from any injunction against foreclosure or enforcement in respect of Senior Lender Claims made by the Intercreditor Agent or any
holder of Senior Lender Claims, (c) objection to (and will not otherwise contest) any lawful exercise by any holder of Senior Lender Claims of the right to credit bid Senior Lender Claims at any sale in foreclosure of Senior Lender Collateral,
(d) objection to (and will not otherwise contest) any other request for judicial relief made in any court by any holder of Senior Lender Claims relating to the lawful enforcement of any Lien on Senior Lender Collateral or (e) objection to
(and will not otherwise contest) any order relating to a sale of assets of any Grantor for which the Intercreditor Agent has consented that provides, to the extent the sale is to be free and clear of Liens, that the Liens securing the Senior Lender
Claims and the Second-Priority Claims will attach to the proceeds of the sale on the same basis of priority as the Liens securing the Senior Lender Collateral rank to the Liens securing the Second-Priority Collateral in accordance with this
Agreement. 
 6.2. Relief from the Automatic Stay. Until the Discharge of Senior Lender Claims has occurred, each
Second-Priority Agent, on behalf of itself and each applicable Second-Priority Secured Party, agrees that none of them shall seek relief from the automatic stay or any other stay in any Insolvency or Liquidation Proceeding in respect of the Common
Collateral, without the prior written consent of the Intercreditor Agent and the Required Lenders. 
 6.3. Adequate
Protection. Each Second-Priority Agent, on behalf of itself and each applicable Second-Priority Secured Party, agrees that none of them shall contest (or support any other Person contesting) (a) any request by the Intercreditor Agent or
the Senior Lenders for adequate protection or (b) any objection by the Intercreditor Agent or the Senior Lenders to any motion, relief, action or proceeding based on the Intercreditor Agent’s or the Senior Lenders’ claiming a lack of
adequate protection. Notwithstanding the foregoing, in any Insolvency or Liquidation Proceeding, (i) if the Senior Lenders (or any subset thereof) are granted adequate

  

 18 

 
protection in the form of additional collateral in connection with any DIP Financing or use of cash collateral under Section 363 or Section 364 of Title 11 of the United States
Code or any similar Bankruptcy Law, then each Second-Priority Agent, on behalf of itself and any applicable Second-Priority Secured Party, may seek or request adequate protection in the form of a replacement Lien on such additional collateral, which
Lien is subordinated to the Liens securing the Senior Lender Claims and such DIP Financing (and all Obligations relating thereto) on the same basis as the other Liens securing the Second-Priority Claims are so subordinated to the Liens securing
Senior Lender Claims under this Agreement and (ii) in the event any Second-Priority Agent, on behalf of itself or any applicable Second-Priority Secured Party, seeks or requests adequate protection and such adequate protection is granted in the
form of additional collateral, then such Second-Priority Agent, on behalf of itself or each such Second-Priority Secured Party, agrees that the Senior-Priority Agents shall also be granted a senior Lien on such additional collateral as security for
the applicable Senior Lender Claims and any such DIP Financing and that any Lien on such additional collateral securing the Second-Priority Claims shall be subordinated to the Liens on such collateral securing the Senior Lender Claims and any such
DIP Financing (and all Obligations relating thereto) and any other Liens granted to the Senior Lenders as adequate protection on the same basis as the other Liens securing the Second-Priority Claims are so subordinated to such Liens securing Senior
Lender Claims under this Agreement. 
 6.4. Preference Issues. If any Senior Lender is required in any Insolvency
or Liquidation Proceeding or otherwise to turn over or otherwise pay to the estate of the Company or any other Grantor (or any trustee, receiver or similar person therefor), because the payment of such amount was declared to be fraudulent or
preferential in any respect or for any other reason, any amount (a “Recovery”), whether received as proceeds of security, enforcement of any right of setoff or otherwise, then the Senior Lender Claims shall be reinstated to
the extent of such Recovery and deemed to be outstanding as if such payment had not occurred and the Senior Lenders shall be entitled to a Discharge of Senior Lender Claims with respect to all such recovered amounts. If this Agreement shall have
been terminated prior to such Recovery, this Agreement shall be reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto. 
 6.5. Application. This Agreement shall be applicable prior to and after the commencement of any Insolvency or Liquidation
Proceeding. All references herein to any Grantor shall apply to any trustee for such Person and such Person as debtor in possession. The relative rights as to the Collateral and proceeds thereof shall continue after the filing thereof on the same
basis as prior to the date of the petition, subject to any court order approving the financing of, or use of cash collateral by, any Grantor. 
 6.6. 506(c) Claims. Until the Discharge of Senior Lender Claims has occurred, each Second-Priority Agent, on behalf of itself and each applicable Second-Priority Secured Party, will not
assert or enforce any claim under Section 506(c) of the United States Bankruptcy Code senior to or on a parity with the Liens securing the Senior Lender Claims for costs or expenses of preserving or disposing of any Common Collateral.

  

 19 

 Section 7. Reliance; Waivers; etc. 
 7.1. Reliance. The consent by the Senior Lenders to the execution and delivery of the Second-Priority Documents to which the
Senior Lenders have consented and all loans and other extensions of credit made or deemed made on and after the date hereof by the Senior Lenders to the Company or any Subsidiary shall be deemed to have been given and made in reliance upon this
Agreement. Each Second-Priority Agent, on behalf of itself and each applicable Second-Priority Secured Party, acknowledges that it and the applicable Second-Priority Secured Parties have, independently and without reliance on the Intercreditor Agent
or any Senior Lender, and based on documents and information deemed by them appropriate, made their own credit analysis and decision to enter into the applicable Second-Priority Document, this Agreement and the transactions contemplated hereby and
thereby and they will continue to make their own credit decision in taking or not taking any action under the applicable Second-Priority Document or this Agreement. 
 7.2. No Warranties or Liability. Each Second-Priority Agent, on behalf of itself and each applicable Second-Priority Secured Party, acknowledges and agrees that neither the Intercreditor
Agent nor any Senior Lender has made any express or implied representation or warranty, including with respect to the execution, validity, legality, completeness, collectibility or enforceability of any of the Senior Lender Documents, the ownership
of any Common Collateral or the perfection or priority of any Liens thereon. The Senior Lenders will be entitled to manage and supervise their respective loans and extensions of credit under the Senior Lender Documents in accordance with law and as
they may otherwise, in their sole discretion, deem appropriate, and the Senior Lenders may manage their loans and extensions of credit without regard to any rights or interests that any Second-Priority Agent or any of the Second-Priority Secured
Parties have in the Common Collateral or otherwise, except as otherwise provided in this Agreement. Neither the Intercreditor Agent nor any Senior Lender shall have any duty to any Second-Priority Agent or any Second-Priority Secured Party to act or
refrain from acting in a manner that allows, or results in, the occurrence or continuance of an event of default or default under any agreements with the Company or any Subsidiary thereof (including the Second-Priority Documents), regardless of any
knowledge thereof that they may have or be charged with. Except as expressly set forth in this Intercreditor Agreement, the Intercreditor Agent, the Senior Lenders, the Second-Priority Agents and the Second-Priority Secured Parties have not
otherwise made to each other, nor do they hereby make to each other, any warranties, express or implied, nor do they assume any liability to each other with respect to (a) the enforceability, validity, value or collectibility of any of the
Second-Priority Claims, the Senior Lender Claims or any guarantee or security which may have been granted to any of them in connection therewith, (b) the Company’s or any other Grantor’s title to or right to transfer any of the Common
Collateral or (c) any other matter except as expressly set forth in this Intercreditor Agreement. 
 7.3. Obligations
Unconditional. All rights, interests, agreements and obligations of the Intercreditor Agent and the Senior Lenders, and the Second-Priority Agents and the Second-Priority Secured Parties, respectively, hereunder shall remain in full force
and effect irrespective of: 
 (a) any lack of validity or enforceability of any Senior Lender Documents or any Second-Priority
Documents; 
  

 20 

 (b) any change in the time, manner or place of payment of, or in any other terms of, all or
any of the Senior Lender Claims or Second-Priority Claims, or any amendment or waiver or other modification, including any increase in the amount thereof, whether by course of conduct or otherwise, of the terms of the Senior Credit Agreement or any
other Senior Lender Document or of the terms of the 1-1/2 Lien Notes Indenture or any other Second-Priority Document; 
 (c) any
exchange of any security interest in any Common Collateral or any other collateral, or any amendment, waiver or other modification, whether in writing or by course of conduct or otherwise, of all or any of the Senior Lender Claims or Second-Priority
Claims or any guarantee thereof; 
 (d) the commencement of any Insolvency or Liquidation Proceeding in respect of the Company
or any other Grantor; or 
 (e) any other circumstances that otherwise might constitute a defense available to, or a discharge
of, the Company or any other Grantor in respect of the Senior Lender Claims, or of any Second-Priority Agent or any Second-Priority Secured Party in respect of this Agreement. 
 Section 8. Miscellaneous. 
 8.1. Conflicts. Subject to Section 8.19: 
 (a) in the event of
any conflict between the terms of this Agreement and the terms of any Senior Lender Document or any Second-Priority Document, the terms of this Agreement shall govern; 
 (b) in the event of any conflict between the terms of this Agreement and the terms of the Existing Second Lien Intercreditor Agreement relating to the relative priorities, rights or obligations of the
parties holding the Senior Lender Claims and the holders of the “Second Priority Claims” (as that term is defined in the Existing Second Lien Intercreditor Agreement), the terms of the Existing Second Lien Intercreditor Agreement shall
govern. 
 8.2. Continuing Nature of this Agreement; Severability. Subject to Section 5.7 and
Section 6.4, this Agreement shall continue to be effective until the Discharge of Senior Lender Claims shall have occurred or such later time as all the Obligations in respect of the Second-Priority Claims shall have been paid in full. This is
a continuing agreement of lien subordination and the Senior Lenders may continue, at any time and without notice to each Second-Priority Agent or any Second-Priority Secured Party, to extend credit and other financial accommodations and lend monies
to or for the benefit of the Company or any other Grantor constituting Senior Lender Claims in reliance hereon. The terms of this Agreement shall survive, and shall continue in full force and effect, in any Insolvency or Liquidation Proceeding. Any
provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall not invalidate the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. 
  

 21 

 8.3. Amendments; Waivers. No amendment, modification or waiver of any of the
provisions of this Agreement shall be deemed to be made unless the same shall be in writing signed on behalf of each Second-Priority Agent (or its authorized agent) and each Senior-Priority Agent (or its authorized agent) and each waiver, if any,
shall be a waiver only with respect to the specific instance involved and shall in no way impair the rights of the parties making such waiver or the obligations of the other parties to such party in any other respect or at any other time. The
Company and the other Grantors shall not have any right to consent to or approve any amendment, modification or waiver of any provision of this Agreement except to the extent their rights are affected. Notwithstanding anything in this
Section 8.3 to the contrary, this Agreement may be amended from time to time at the request of the Company, at the Company’s expense, and without the consent of any Second-Priority Agent, any Senior-Priority Agent, any Senior Lender or any
Second-Priority Secured Party to (i) add other parties holding Future Second Lien Indebtedness (or any agent or trustee therefor) and Future First-Lien Indebtedness (or any agent or trustee therefor) in each case to the extent such Indebtedness
is not prohibited by the Senior Credit Agreement, the 1-1/2 Lien Notes Indenture or any other Second-Priority Document governing Future Second Lien Indebtedness, (ii) in the case of Future Second Lien Indebtedness, (a) establish that the
Lien on the Common Collateral securing such Future Second Lien Indebtedness shall be junior and subordinate in all respects to all Liens on the Common Collateral securing any Senior Lender Claims and shall share in the benefits of the Common
Collateral equally and ratably with all Liens on the Common Collateral securing any Second-Priority Claims, and (b) provide to the holders of such Future Second Lien Indebtedness (or any agent or trustee thereof) the comparable rights and
benefits (including any improved rights and benefits that have been consented to by the Intercreditor Agent) as are provided to the holders of Second-Priority Claims under this Agreement, and (iii) in the case of Future First-Lien Indebtedness,
(a) establish that the Lien on the Common Collateral securing such Future First-Lien Indebtedness shall be superior in all respects to all Liens on the Common Collateral securing any Second-Priority Claims and any Future SecondLien Indebtedness
and shall share in the benefits of the Common Collateral equally and ratably with all Liens on the Common Collateral securing any Senior Lender Claims, and (b) provide to the holders of such Future First-Lien Indebtedness (or any agent or
trustee thereof) the comparable rights and benefits as are provided to the holders of Senior Lender Claims under this Agreement, in each case so long as such modifications do not expressly violate the provisions of the Senior Credit Agreement, the
1-1/2 Lien Notes Indenture or any other Second-Priority Document governing Future Second Lien Indebtedness. Any such additional party and each Second-Priority Agent shall be entitled to rely on the determination of officers of the Company that such
modifications do not violate the Senior Credit Agreement, the 1-1/2 Lien Notes Indenture or any other Second-Priority Document governing Future Second Lien Indebtedness if such determination is set forth in an Officers’ Certificate delivered to
such party, the Intercreditor Agent and each Second-Priority Agent; provided, however, that such determination will not affect whether or not the Company has complied with its undertakings in the Senior Credit Agreement, the Senior Collateral
Documents, the 1-1/2 Lien Notes Indenture, any other Second-Priority Document governing Future Second Lien Indebtedness, the Second-Priority Collateral Documents or this Agreement. 
 8.4. Information Concerning Financial Condition of the Company and the Subsidiaries. The Intercreditor Agent, the Senior
Lenders, each Second-Priority Agent and the Second-Priority Secured Parties shall each be responsible for keeping themselves informed of (a) the financial condition of the Company and the Subsidiaries and all endorsers and/or

  

 22 

 
guarantors of the Second-Priority Claims or the Senior Lender Claims and (b) all other circumstances bearing upon the risk of nonpayment of the Second-Priority Claims or the Senior Lender
Claims. The Intercreditor Agent, the Senior Lenders, each Second-Priority Agent and the Second-Priority Secured Parties shall have no duty to advise any other party hereunder of information known to it or them regarding such condition or any such
circumstances or otherwise. In the event that the Intercreditor Agent, any Senior Lender, any Second-Priority Agent or any Second-Priority Secured Party, in its or their sole discretion, undertakes at any time or from time to time to provide any
such information to any other party, it or they shall be under no obligation (w) to make, and the Intercreditor Agent, the Senior Lenders, the Second-Priority Agents and the Second-Priority Secured Parties shall not make, any express or implied
representation or warranty, including with respect to the accuracy, completeness, truthfulness or validity of any such information so provided, (x) to provide any additional information or to provide any such information on any subsequent
occasion, (y) to undertake any investigation or (z) to disclose any information that, pursuant to accepted or reasonable commercial finance practices, such party wishes to maintain confidential or is otherwise required to maintain
confidential. 
 8.5. Subrogation. Each Second-Priority Agent, on behalf of itself and each applicable
Second-Priority Secured Party, hereby waives any rights of subrogation it may acquire as a result of any payment hereunder until the Discharge of Senior Lender Claims has occurred. 
 8.6. Application of Payments. Except as otherwise provided herein, all payments received by the Senior Lenders may be applied,
reversed and reapplied, in whole or in part, to such part of the Senior Lender Claims as the Senior Lenders, in their sole discretion, deem appropriate, consistent with the terms of the Senior Lender Documents. Except as otherwise provided herein,
each Second-Priority Agent, on behalf of itself and each applicable Second-Priority Secured Party, assents to any such extension or postponement of the time of payment of the Senior Lender Claims or any part thereof and to any other indulgence with
respect thereto, to any substitution, exchange or release of any security that may at any time secure any part of the Senior Lender Claims and to the addition or release of any other Person primarily or secondarily liable therefor. 
 8.7. Consent to Jurisdiction; Waivers. The parties hereto consent to the jurisdiction of any state or federal court located in
New York, New York, and consent that all service of process may be made by registered mail directed to such party as provided in Section 8.8 for such party. Service so made shall be deemed to be completed three days after the same shall be
posted as aforesaid. The parties hereto waive any objection to any action instituted hereunder in any such court based on forum non conveniens, and any objection to the venue of any action instituted hereunder in any such court. Each of the parties
hereto waives any right it may have to trial by jury in respect of any litigation based on, or arising out of, under or in connection with this Agreement, or any course of conduct, course of dealing, verbal or written statement or action of any
party hereto in connection with the subject matter hereof. 
 8.8. Notices. All notices to the Second-Priority
Secured Parties and the Senior Lenders permitted or required under this Agreement may be sent to the Trustee, the Intercreditor Agent or any Second-Priority Agent as provided in the 1-1/2 Lien Notes Indenture, the Credit

  

 23 

 
Agreement, the other relevant Senior Lender Document or the relevant Second-Priority Document, as applicable. Unless otherwise specifically provided herein, any notice or other communication
herein required or permitted to be given shall be in writing and may be personally served, telecopied, electronically mailed or sent by courier service or U.S. mail and shall be deemed to have been given when delivered in person or by courier
service, upon receipt of a telecopy or electronic mail or upon receipt via U.S. mail (registered or certified, with postage prepaid and properly addressed). For the purposes hereof, the addresses of the parties hereto shall be as set forth below
each party’s name on the signature pages hereto, or, as to each party, at such other address as may be designated by such party in a written notice to all of the other parties. The Senior-Priority Agents hereby agree to promptly notify each
Second-Priority Agent upon payment in full in cash of all Indebtedness under the applicable Senior Lender Documents (except for contingent indemnities and cost and reimbursement obligations to the extent no claim therefor has been made). 

8.9. Further Assurances. Each of the Second-Priority Agents, on behalf of itself and each applicable Second-Priority
Secured Party, and the Intercreditor Agent, on behalf of itself and each Senior Lender, agrees that each of them shall take such further action and shall execute and deliver to the Intercreditor Agent and the Senior Lenders such additional documents
and instruments (in recordable form, if requested) as the Intercreditor Agent or the Senior Lenders may reasonably request to effectuate the terms of and the lien priorities contemplated by this Agreement. 
 8.10. Governing Law. This Agreement has been delivered and accepted at and shall be deemed to have been made at New York, New
York and shall be interpreted, and the rights and liabilities of the parties bound hereby determined, in accordance with the laws of the State of New York. 
 8.11. Binding on Successors and Assigns. This Agreement shall be binding upon the Intercreditor Agent, the Senior Lenders, the Second-Priority Agents, the Second-Priority Secured Parties,
the Company, the Company’s Subsidiaries party hereto and their respective permitted successors and assigns. 
 8.12.
Specific Performance. The Intercreditor Agent may demand specific performance of this Agreement. Each Second-Priority Agent, on behalf of itself and each applicable Second-Priority Secured Party, hereby irrevocably waives any defense
based on the adequacy of a remedy at law and any other defense that might be asserted to bar the remedy of specific performance in any action that may be brought by the Intercreditor Agent. 
 8.13. Section Titles. The section titles contained in this Agreement are and shall be without substantive meaning or content
of any kind whatsoever and are not a part of this Agreement. 
 8.14. Counterparts. This Agreement may be executed
in one or more counterparts, including by means of facsimile, each of which shall be an original and all of which shall together constitute one and the same document. 
  

 24 

 8.15. Authorization. By its signature, each Person executing this Agreement on
behalf of a party hereto represents and warrants to the other parties hereto that it is duly authorized to execute this Agreement. The Intercreditor Agent represents and warrants that this Agreement is binding upon the Senior Lenders. The Trustee
represents and warrants that this Agreement is binding upon the Indenture Secured Parties. 
 8.16. No Third Party
Beneficiaries; Successors and Assigns. This Agreement and the rights and benefits hereof shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and assigns and shall inure to the
benefit of each of, and be binding upon, the holders of Senior Lender Claims and Second-Priority Claims. No other Person shall have or be entitled to assert rights or benefits hereunder. 
 8.17. Effectiveness. This Agreement shall become effective when executed and delivered by the parties hereto. This Agreement
shall be effective both before and after the commencement of any Insolvency or Liquidation Proceeding. All references to the Company or any other Grantor shall include the Company or any other Grantor as debtor and debtor-in-possession and any
receiver or trustee for the Company or any other Grantor (as the case may be) in any Insolvency or Liquidation Proceeding. 
 8.18. Intercreditor Agent and Second-Priority Agents. It is understood and agreed that (a) JPMCB is entering into this Agreement in its capacity as administrative agent under the Credit Agreement and the provisions of
Article VIII of the Credit Agreement applicable to JPMCB as administrative agent thereunder shall also apply to JPMCB as Intercreditor Agent hereunder and (b) Wilmington Trust FSB is entering into this Agreement in its capacity as Trustee
and as Collateral Agent, and the provisions of Article 7 of the 1-1/2 Lien Notes Indenture applicable to the Trustee thereunder shall also apply to the Trustee hereunder. 
 8.19. Relative Rights. Notwithstanding anything in this Agreement to the contrary (except to the extent contemplated by
Section 5.3(b)), nothing in this Agreement is intended to or will (a) amend, waive or otherwise modify the provisions of the Senior Credit Agreement, the 1-1/2 Lien Notes Indenture or any other Senior Lender Documents or Second-Priority
Documents entered into in connection with the Senior Credit Agreement, the 1-1/2 Lien Notes Indenture or any other Senior Lender Document or Second-Priority Document or permit the Company or any Subsidiary to take any action, or fail to take any
action, to the extent such action or failure would otherwise constitute a breach of, or default under, the Senior Credit Agreement or any other Senior Lender Documents entered into in connection with the Senior Credit Agreement, the 1-1/2 Lien Notes
Indenture or any other Second-Priority Documents, (b) change the relative priorities of the Senior Lender Claims or the Liens granted under the Senior Lender Documents on the Common Collateral (or any other assets) as among the Senior Lenders,
(c) otherwise change the relative rights of the Senior Lenders in respect of the Common Collateral as among such Senior Lenders or (d) obligate the Company or any Subsidiary to take any action, or fail to take any action, that would
otherwise constitute a breach of, or default under, the Senior Credit Agreement or any other Senior Lender Document entered into in connection with the Senior Credit Agreement, the 1-1/2 Lien Notes Indenture or any other Second-Priority Documents.

  

 25 

 8.20. References. Notwithstanding anything to the contrary in this Agreement,
any references contained herein to any Section, clause, paragraph, definition or other provision of the 1-1/2 Lien Notes Indenture (including any definition contained therein) shall be deemed to be a reference to such Section, clause, paragraph,
definition or other provision as in effect on the date of this Agreement; provided that any reference to any such Section, clause, paragraph or other provision shall refer to such Section, clause, paragraph or other provision of the 1-1/2 Lien Notes
Indenture, as applicable (including any definition contained therein), as amended or modified from time to time if such amendment or modification has been (1) made in accordance with the 1-1/2 Lien Notes Indenture, and (2) approved in
writing by, or on behalf of, the requisite Senior Lenders as are needed under the terms of the Senior Credit Agreement to approve such amendment or modification. 
 8.21. Intercreditor Agreements. Each party hereto agrees that the Senior Lenders (as among themselves) and the Second-Priority Secured Parties (as among themselves) may each enter into
intercreditor agreements (or similar arrangements) with the Intercreditor Agent governing the rights, benefits and privileges as among the Senior Lenders or the Second-Priority Secured Parties, as the case may be, in respect of the Common
Collateral, this Agreement and the other Senior Collateral Documents or Second-Priority Collateral Documents, as the case may be, including as to application of proceeds of the Common Collateral, voting rights, control of the Common Collateral and
waivers with respect to the Common Collateral, in each case so long as (A) the terms thereof do not violate or conflict with the provisions of this Agreement or the other Senior Collateral Documents or Second-Priority Collateral Documents, as
the case may be, (B) in the case of any such intercreditor agreement (or similar arrangement) affecting any Senior Lenders, the Senior-Priority Agent acting on behalf of such Senior Lenders agrees in its sole discretion to enter into any such
intercreditor agreement (or similar arrangement) and (C) in the case of any such intercreditor agreement (or similar arrangement) affecting the Senior Lenders holding Senior Lender Claims under the Credit Agreement, the Required Lenders
authorize the applicable Senior-Priority Agent to enter into any such intercreditor agreement (or similar arrangement). Notwithstanding the preceding clauses (B) and (C), to the extent that the applicable Senior-Priority Agent is not authorized
by the Required Lenders to enter into any such intercreditor agreement (or similar arrangement ) or does not agree to enter into such intercreditor agreement (or similar arrangement ), such intercreditor agreement (or similar arrangement ) shall not
be binding upon the applicable Senior-Priority Agent but, subject to the immediately succeeding sentence, may still bind the other parties party thereto. In any event, if a respective intercreditor agreement (or similar arrangement) exists, the
provisions thereof shall not be (or be construed to be) an amendment, modification or other change to this Agreement or any other Senior Collateral Document or Second-Priority Collateral Document, and the provisions of this Agreement and the other
Senior Collateral Documents and Second-Priority Collateral Documents shall remain in full force and effect in accordance with the terms hereof and thereof (as such provisions may be amended, modified or otherwise supplemented from time to time in
accordance with the terms thereof, including to give effect to any intercreditor agreement (or similar arrangement)). 
 [Remainder of page intentionally left blank] 
  

 26 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

			
	 INTERCREDITOR AGENT:
  
 JPMORGAN CHASE BANK, N.A., as Intercreditor Agent

		
	      By	 	/s/ Authorized Signatory
		 	Name:
		 	Title:
	
	 TRUSTEE AND COLLATERAL AGENT:
  
 WILMINGTON TRUST FSB, as Trustee and Collateral Agent,

		
	      By	 	/s/ Authorized Signatory
		 	Name:
		 	Title:

			
	HEXION LLC,
		
	      By	 	/s/ Authorized Signatory
		 	Name:
		 	Title:
	
	HEXION SPECIALTY CHEMICALS, INC.,
		
	      By	 	/s/ Authorized Signatory
		 	Name:
		 	Title:
	
	HEXION U.S. FINANCE CORP.,
		
	      By	 	/s/ Authorized Signatory
		 	Name:
		 	Title:
	
	BORDEN CHEMICAL INVESTMENTS, INC.,
		
	      By	 	/s/ Authorized Signatory
		 	Name:
		 	Title:
	
	BORDEN CHEMICAL FOUNDRY, LLC,
		
	      By	 	/s/ Authorized Signatory
		 	Name:
		 	Title:
	
	HSC CAPITAL CORPORATION,
		
	      By	 	/s/ Authorized Signatory
		 	Name:
		 	Title:

  

 New 1 1⁄2 Lien Intercreditor Agreement 

			
	LAWTER INTERNATIONAL INC.,
		
	      By	 	/s/ Authorized Signatory
		 	Name:
		 	Title:
	
	BORDEN CHEMICAL INTERNATIONAL, INC.,
		
	      By	 	/s/ Authorized Signatory
		 	Name:
		 	Title:
	
	OILFIELD TECHNOLOGY GROUP, INC.,
		
	      By	 	/s/ Authorized Signatory
		 	Name:
		 	Title:
	
	HEXION CI HOLDING COMPANY (CHINA) LLC,
		
	      By	 	Lawter International Inc., as sole managing member
		
	      By	 	/s/ Authorized Signatory
		 	Name:
		 	Title:

  

 New 1 1⁄2 Lien Intercreditor Agreement 

 SCHEDULE I 
 Subsidiary Parties 
 Borden Chemical Foundry, LLC 
 Borden Chemical Investments, Inc. 
 Hexion U.S.
Finance Corp. 
 HSC Capital Corporation 
 Lawter International Inc. 
 Borden Chemical International, Inc. 
 Oilfield Technology Group, Inc. 
 Hexion CI Holding Company (China) LLC 

 Exhibit F-2 
 to the Third Amended and 
 Restated Credit Agreement 
 [FORM OF] 
 FIRST
LIEN INTERCREDITOR AGREEMENT 
 dated as of 
 [                        ] 
 among 
 [JPMORGAN CHASE BANK, N.A.], 
 as Collateral Agent, 
 [JPMORGAN CHASE BANK, N.A.], 
 as Authorized Representative under the Credit Agreement, 
 [                        ], 
 as the Initial Other Authorized Representative, 
 and 
 each additional Authorized Representative from time to time party hereto 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
		  	ARTICLE I	  	
			
		  	DEFINITIONS	  	
			
	 SECTION 1.01
	  	Construction; Certain Defined Terms	  	1
			
		  	ARTICLE II	  	
			
		  	PRIORITIES AND AGREEMENTS WITH RESPECT TO SHARED COLLATERAL	  	
			
	 SECTION 2.01
	  	Priority of Claims	  	7
	 SECTION 2.02
	  	Actions with Respect to Shared Collateral; Prohibition on Contesting Liens	  	8
	 SECTION 2.03
	  	No Interference; Payment Over	  	9
	 SECTION 2.04
	  	Automatic Release of Liens; Amendments to First Lien Security Documents	  	10
	 SECTION 2.05
	  	Certain Agreements with Respect to Bankruptcy or Insolvency Proceedings	  	11
	 SECTION 2.06
	  	Reinstatement	  	12
	 SECTION 2.07
	  	Insurance	  	12
	 SECTION 2.08
	  	Refinancings	  	12
	 SECTION 2.09
	  	Possessory Collateral Agent as Gratuitous Bailee for Perfection	  	12
			
		  	ARTICLE III	  	
			
		  	EXISTENCE AND AMOUNTS OF LIENS AND OBLIGATIONS	  	
			
		  	ARTICLE IV	  	
			
		  	THE COLLATERAL AGENT	  	
			
	 SECTION 4.01
	  	Appointment and Authority	  	13
	 SECTION 4.02
	  	Rights as a First Lien Secured Party	  	14
	 SECTION 4.03
	  	Exculpatory Provisions	  	15
	 SECTION 4.04
	  	Reliance by Collateral Agent	  	16
	 SECTION 4.05
	  	Delegation of Duties	  	16
	 SECTION 4.06
	  	Resignation of Collateral Agent	  	17
	 SECTION 4.07
	  	Non-Reliance on Collateral Agent and Other First Lien Secured Parties	  	17
	 SECTION 4.08
	  	Collateral and Guaranty Matters	  	18

  

 -i- 

					
	 	  	 	  	Page
		  	ARTICLE V	  	
			
		  	MISCELLANEOUS	  	
			
	 SECTION 5.01
	  	Notices	  	18
	 SECTION 5.02
	  	Waivers; Amendment; Joinder Agreements	  	19
	 SECTION 5.03
	  	Parties in Interest	  	19
	 SECTION 5.04
	  	Survival of Agreement	  	20
	 SECTION 5.05
	  	Counterparts	  	20
	 SECTION 5.06
	  	Severability	  	20
	 SECTION 5.07
	  	Governing Law	  	20
	 SECTION 5.08
	  	Submission to Jurisdiction; Waivers	  	20
	 SECTION 5.09
	  	WAIVER OF JURY TRIAL	  	21
	 SECTION 5.10
	  	Headings	  	21
	 SECTION 5.11
	  	Conflicts	  	21
	 SECTION 5.12
	  	Provisions Solely to Define Relative Rights	  	21
	 SECTION 5.13
	  	Integration	  	21

  

 -ii- 

 FIRST LIEN INTERCREDITOR AGREEMENT (as amended, restated, modified or supplemented from time
to time, this “Agreement”) dated as of [            ], among [JPMORGAN CHASE BANK, N.A.], as collateral agent for the First Lien Secured Parties (as defined below)
(in such capacity and together with its successors in such capacity, the “Collateral Agent”), [JPMORGAN CHASE BANK, N.A.], as Authorized Representative for the Credit Agreement Secured Parties (in such capacity and together
with its successors in such capacity, the “Administrative Agent”), [            ], as Authorized Representative for the Initial Other First Lien Secured Parties (in
such capacity and together with its successors in such capacity, the “Initial Other Authorized Representative”), and each additional Authorized Representative from time to time party hereto for the Other First Lien Secured
Parties of the Series with respect to which it is acting in such capacity. 
 In consideration of the mutual agreements herein
contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Collateral Agent, the Administrative Agent (for itself and on behalf of the Credit Agreement Secured Parties), the Initial Other
Authorized Representative (for itself and on behalf of the Initial Other First Lien Secured Parties) and each additional Authorized Representative (for itself and on behalf of the Other First Lien Secured Parties of the applicable Series) agree as
follows: 
 ARTICLE I 
 Definitions 
 SECTION 1.01 Construction; Certain Defined Terms.

 (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, other
document, statute or regulation herein shall be construed as referring to such agreement, instrument, other document, statute or regulation as from time to time amended, supplemented or otherwise modified, (ii) any reference herein to any
Person shall be construed to include such Person’s successors and assigns, but shall not be deemed to include the subsidiaries of such Person unless express reference is made to such subsidiaries, (iii) the words “herein”,
“hereof and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (iv) all references herein to Articles, Sections and Annexes shall be
construed to refer to Articles, Sections and Annexes of this Agreement, (v) unless otherwise expressly qualified herein, 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 and (vi) the term “or” is not exclusive. 
 (b) It is the intention of the First Lien Secured Parties of each Series that the holders of First Lien Obligations of such Series (and not
the First Lien Secured Parties of any other Series) bear the risk of (i) any determination by a court of competent jurisdiction that

 
(x) any of the First Lien Obligations of such Series are unenforceable under applicable law or are subordinated to any other obligations (other than another Series of First Lien
Obligations), (y) any of the First Lien Obligations of such Series do not have an enforceable security interest in any of the Collateral securing any other Series of First Lien Obligations and/or (z) any intervening security interest
exists securing any other obligations (other than another Series of First Lien Obligations) on a basis ranking prior to the security interest of such Series of First Lien Obligations but junior to the security interest of any other Series of First
Lien Obligations or (ii) the existence of any Collateral for any other Series of First Lien Obligations that is not Shared Collateral (any such condition referred to in the foregoing clauses (i) or (ii) with respect to any Series of
First Lien Obligations, an “Impairment” of such Series). In the event of any Impairment with respect to any Series of First Lien Obligations, the results of such Impairment shall be borne solely by the holders of such Series
of First Lien Obligations, and the rights of the holders of such Series of First Lien Obligations (including, without limitation, the right to receive distributions in respect of such Series of First Lien Obligations pursuant to Section 2.01)
set forth herein shall be modified to the extent necessary so that the effects of such Impairment are borne solely by the holders of the Series of such First Lien Obligations subject to such Impairment. Additionally, in the event the First Lien
Obligations of any Series are modified pursuant to applicable law (including, without limitation, pursuant to Section 1129 of the Bankruptcy Code), any reference to such First Lien Obligations or the Secured Credit Documents governing such
First Lien Obligations shall refer to such obligations or such documents as so modified. 
 (c) Capitalized terms used and not
otherwise defined herein shall have the meanings set forth in the Credit Agreement. As used in this Agreement, the following terms have the meanings specified below: 
 “Administrative Agent” shall have the meaning assigned to such term in the introductory paragraph of this Agreement. 
 “Agreement” shall have the meaning assigned to such term in the introductory paragraph of this Agreement.

 “Applicable Authorized Representative” means, with respect to any Shared Collateral, (i) until
the earlier of (x) the Discharge of Credit Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Administrative Agent and (ii) from and after the earlier of (x) the Discharge of Credit
Agreement Obligations and (y) the Non-Controlling Authorized Representative Enforcement Date, the Major Non-Controlling Authorized Representative. 
 “Authorized Representative” means (i) in the case of any Credit Agreement Obligations or the Credit Agreement Secured Parties, the Administrative Agent, (ii) in the case
of the Initial Other First Lien Obligations or the Initial Other First Lien Secured Parties, the Initial Other Authorized Representative and (iii) in the case of any Series of Other First Lien Obligations or Other First Lien Secured Parties
that become subject to this Agreement after the date hereof, the Authorized Representative named for such Series in the applicable Joinder Agreement. 
  

 -2- 

 “Bankruptcy Case” shall have the meaning assigned to such term in
Section 2.05(b). 
 “Bankruptcy Code” shall mean Title 11 of the United States Code, as amended.

 “Bankruptcy Law” shall mean the Bankruptcy Code and any similar Federal, state or foreign law for the
relief of debtors. 
 “Collateral” means all assets and properties subject to Liens created pursuant to
any First Lien Security Document to secure one or more Series of First Lien Obligations. 
 “Collateral
Agent” shall have the meaning assigned to such term in the introductory paragraph hereof. 
 “Company” means Hexion Specialty Chemicals, Inc., a New Jersey corporation, and its successor and assigns. 
 “Controlling Secured Parties” means, with respect to any Shared Collateral, the Series of First Lien Secured Parties whose Authorized Representative is the Applicable Authorized
Representative for such Shared Collateral. 
 “Credit Agreement” means that certain Third Amended and
Restated Credit Agreement, dated as of January [    ], 2010 (as amended, restated, supplemented or otherwise modified, refinanced or replaced from time to time), among Hexion LLC, Hexion Specialty Chemicals, Inc., Hexion
Specialty Chemicals Canada, Inc., Hexion Specialty Chemicals B.V., Hexion Specialty Chemicals UK Limited and Borden Chemical UK Limited, the lending institutions from time to time parties thereto, the Administrative Agent and the other parties
thereto. 
 “Credit Agreement Obligations” means the “Obligations” as defined in the
Collateral Agreement other than “Other First Lien Obligations” pursuant to clause (d) of such definition. 
 “Credit Agreement Secured Parties” means the “Secured Parties” as defined in the Credit Agreement. 
 “DIP Financing” shall have the meaning assigned to such term in Section 2.05(b). 
 “DIP Financing Liens” shall have the meaning assigned to such term in Section 2.05(b). 
 “DIP Lenders” shall have the meaning assigned to such term in Section 2.05(b). 
 “Discharge” means, with respect to any Shared Collateral and any Series of First Lien Obligations, the date on which such Series of First Lien Obligations is no longer secured by
such Shared Collateral. The term “Discharged” shall have a corresponding meaning. 
  

 -3- 

 “Discharge of Credit Agreement Obligations” means, with respect to
any Shared Collateral, the Discharge of the Credit Agreement Obligations with respect to such Shared Collateral; provided that the Discharge of Credit Agreement Obligations shall not be deemed to have occurred in connection with a Refinancing
of such Credit Agreement Obligations with additional First Lien Obligations secured by such Shared Collateral under an Other First Lien Agreement which has been designated in writing by the Administrative Agent (under the Credit Agreement so
Refinanced) to the Collateral Agent and each other Authorized Representative as the “Credit Agreement” for purposes of this Agreement. 
 “Event of Default” shall have the meaning set forth in the Collateral Agreement. 
 “First Lien Obligations” means, collectively, (i) the Credit Agreement Obligations and (ii) each Series of Other First Lien Obligations. 
 “First Lien Secured Parties” means (a) the Credit Agreement Secured Parties and (ii) the Other First Lien
Secured Parties with respect to each Series of Other First Lien Obligations. 
 “First Lien Security
Documents” means the Collateral Agreement and each other agreement, instrument or document entered into in favor of the Collateral Agent for purposes of securing any Series of First Lien Obligations. 
 “Grantors” means the Company and each Subsidiary or direct or indirect parent company of the Company which has
granted a security interest pursuant to any First Lien Security Document to secure any Series of First Lien Obligations. 
 “Impairment” shall have the meaning assigned to such term in Section 1.01(b). 
 “Initial Other Authorized Representative” shall have the meaning assigned to such term in the introductory paragraph to this Agreement. 
 “Initial Other First Lien Agreement” means that certain [Indenture] dated as of [        ], among
[        ], and [        ], as trustee. 
 “Initial Other First Lien Obligations” means the Other First Lien Obligations pursuant to the Initial Other First Lien Agreement. 
 “Initial Other First Lien Secured Parties” means the holders of any Initial Other First Lien Obligations and the Initial Other Authorized Representative. 
 “Insolvency or Liquidation Proceeding” means: 
 (1) any case commenced by or against the Company or any other Grantor under any Bankruptcy Law, any other proceeding for the
reorganization, recapitalization or adjustment or marshalling of the assets or liabilities of the Company or any other Grantor, any receivership or assignment for the benefit of creditors relating to the Company or any other Grantor or any similar
case or proceeding relative to the Company or any other Grantor or its creditors, as such, in each case whether or not voluntary; 
  

 -4- 

 (2) any liquidation, dissolution, marshalling of assets or liabilities or
other winding up of or relating to the Company or any other Grantor, in each case whether or not voluntary and whether or not involving bankruptcy or insolvency; or 
 (3) any other proceeding of any type or nature in which substantially all claims of creditors of the Company or any other
Grantor are determined and any payment or distribution is or may be made on account of such claims. 
 “Intervening
Creditor” shall have the meaning assigned to such term in Section 2.01(a). 
 “Joinder
Agreement” means the documents required to be delivered by an Authorized Representative to the Collateral Agent pursuant to Section 7.20 of the Collateral Agreement in order to create an additional Series of Other First Lien
Obligations or a Refinancing of any Series of First Lien Obligations. 
 “Lien” shall mean any mortgage,
pledge, security interest, hypothecation, assignment, lien (statutory or other) or similar encumbrance (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement or any lease in the nature
thereof). 
 “Major Non-Controlling Authorized Representative” means, with respect to any Shared
Collateral, the Authorized Representative of the Series of Other First Lien Obligations that constitutes the largest outstanding principal amount of any then outstanding Series of First Lien Obligations with respect to such Shared Collateral.

 “New York UCC” shall mean the Uniform Commercial Code as from time to time in effect in the State of
New York. 
 “Non-Controlling Authorized Representative” means, at any time with respect to any Shared
Collateral, any Authorized Representative that is not the Applicable Authorized Representative at such time with respect to such Shared Collateral. 
 “Non-Controlling Authorized Representative Enforcement Date” means, with respect to any Non-Controlling Authorized Representative, the date which is 180 days (throughout which 180
day period such Non-Controlling Authorized Representative was the Major Non-Controlling Authorized Representative) after the occurrence of both (i) an Event of Default (under and as defined in the Other First Lien Agreement under which such
Non-Controlling Authorized Representative is the Authorized Representative) and (ii) the Collateral Agent’s and each other Authorized Representative’s receipt of written notice from such Non-Controlling Authorized
Representative certifying that (x) such Non-Controlling Authorized Representative is the Major Non-Controlling Authorized Representative and that an Event of Default (under and as defined in the Other First Lien Agreement under which such
Non-Controlling Authorized Representative is the Authorized Representative) has occurred and is continuing and (y) the First Lien Obligations of the Series with respect to which such Non-Controlling Authorized Representative is the Authorized
Representative are currently due and payable in full (whether as a result of acceleration thereof or otherwise) in accordance with the

  

 -5- 

 
terms of the applicable Other First Lien Agreement; provided that the Non-Controlling Authorized Representative Enforcement Date shall be stayed and shall not occur and shall be deemed not
to have occurred with respect to any Shared Collateral (1) at any time the Administrative Agent or the Collateral Agent has commenced and is diligently pursuing any enforcement action with respect to such Shared Collateral or (2) at any
time the Grantor that has granted a security interest in such Shared Collateral is then a debtor under or with respect to (or otherwise subject to) any Insolvency or Liquidation Proceeding. 
 “Non-Controlling Secured Parties” means, with respect to any Shared Collateral, the First Lien Secured Parties which
are not Controlling Secured Parties with respect to such Shared Collateral. 
 “Other First Lien
Agreement” shall have the meaning given such term by the Collateral Agreement and shall include the Initial Other First Lien Agreement. 
 “Other First Lien Obligations” shall have the meaning given such term by the Collateral Agreement and shall include the Initial Other First Lien Obligations. 
 “Other First Lien Secured Party” means the holders of any Other First Lien Obligations and any Authorized
Representative with respect thereto and shall include the Initial Other First Lien Secured Parties. 
 “Possessory
Collateral” means any Shared Collateral in the possession of the Collateral Agent (or its agents or bailees), to the extent that possession thereof perfects a Lien thereon under the Uniform Commercial Code of any jurisdiction or
otherwise. Possessory Collateral includes, without limitation, any Certificated Securities, Promissory Notes, Instruments, and Chattel Paper, in each case, delivered to or in the possession of the Collateral Agent under the terms of the First Lien
Security Documents. All capitalized terms used in this definition and not defined elsewhere in this Agreement have the meanings assigned to them in the New York UCC. 
 “Proceeds” shall have the meaning assigned to such term in Section 2.01(a). 
 “Refinance” means, in respect of any indebtedness, to refinance, extend, renew, defease, amend, increase, modify, supplement, restructure, refund, replace or repay, or to issue
other indebtedness or enter alternative financing arrangements, in exchange or replacement for such indebtedness (in whole or in part), including by adding or replacing lenders, creditors, agents, borrowers and/or guarantors, and including in each
case, but not limited to, after the original instrument giving rise to such indebtedness has been terminated and including, in each case, through any credit agreement, indenture or other agreement. “Refinanced” and
“Refinancing” have correlative meanings. 
 “Secured Credit Document” means
(i) the Credit Agreement and the Loan Documents (as defined in the Credit Agreement), (ii) the Initial Other First Lien Agreement and (iii) each Other First Lien Agreement. 
  

 -6- 

 “Series” means (a) with respect to the First Lien Secured
Parties, each of (i) the Credit Agreement Secured Parties (in their capacities as such), (ii) the Initial Other First Lien Secured Parties (in their capacity as such) and (iii) the Other First Lien Secured Parties that become subject
to this Agreement after the date hereof that are represented by a common Authorized Representative (in its capacity as such for such Other First Lien Secured Parties) and (b) with respect to any First Lien Obligations, each of (i) the
Credit Agreement Obligations, (ii) the Initial Other First Lien Obligations and (iii) the Other First Lien Obligations incurred pursuant to any Other First Lien Agreement, which pursuant to any Joinder Agreement, are to be represented
hereunder by a common Authorized Representative (in its capacity as such for such Other First Lien Obligations). 
 “Shared Collateral” means, at any time, Collateral in which the holders of two or more Series of First Lien Obligations (or their respective Authorized Representatives or the Collateral Agent on behalf of such
holders) hold a valid and perfected security interest or Lien at such time. If more than two Series of First Lien Obligations are outstanding at any time and the holders of less than all Series of First Lien Obligations hold a valid and perfected
security interest or Lien in any Collateral at such time, then such Collateral shall constitute Shared Collateral for those Series of First Lien Obligations that hold a valid security interest or Lien in such Collateral at such time and shall not
constitute Shared Collateral for any Series which does not have a valid and perfected security interest or Lien in such Collateral at such time. 
 ARTICLE II 
 Priorities and Agreements with Respect to Shared Collateral 

 SECTION 2.01 Priority of Claims. 
 (a) Anything contained herein or in any of the Secured Credit Documents to the contrary notwithstanding (but subject to Section 1.01(b)), if an Event of Default has occurred and is continuing, and
the Collateral Agent or any First Lien Secured Party is taking action to enforce rights in respect of any Shared Collateral, or any distribution is made in respect of any Shared Collateral in any Bankruptcy Case of any Grantor or any First Lien
Secured Party receives any payment pursuant to any intercreditor agreement (other than this Agreement) with respect to any Shared Collateral, the proceeds of any sale, collection or other liquidation of any such Collateral by any First Lien Secured
Party or received by the Collateral Agent or any First Lien Secured Party pursuant to any such intercreditor agreement with respect to such Shared Collateral and proceeds of any such distribution (subject, in the case of any such distribution, to
the sentence immediately following) to which the First Lien Obligations are entitled under any intercreditor agreement (other than this Agreement) (all proceeds of any sale, collection or other liquidation of any Collateral and all proceeds of any
such distribution being collectively referred to as “Proceeds”), shall be applied by the Collateral Agent in the order specified in Section 5.02 of the Collateral Agreement. Notwithstanding the foregoing, with respect to
any Shared Collateral for which a third party (other than a First Lien Secured Party) has a lien or security interest that is junior in priority to the security interest of any Series of First Lien Obligations but senior (as determined by
appropriate legal proceedings in the case of any dispute) to the security interest of any other Series of First Lien Obligations (such third party an “Intervening Creditor”), the value of any Shared Collateral or Proceeds
which are allocated to such

  

 -7- 

 
Intervening Creditor shall be deducted on a ratable basis solely from the Shared Collateral or Proceeds to be distributed in respect of the Series of First Lien Obligations with respect to which
such Impairment exists. 
 (b) It is acknowledged that the First Lien Obligations of any Series may, subject to the limitations
set forth in the then extant Secured Credit Documents, be increased, extended, renewed, replaced, restated, supplemented, restructured, repaid, refunded, Refinanced or otherwise amended or modified from time to time, all without affecting the
priorities set forth in Section 2.01(a) or the provisions of this Agreement defining the relative rights of the First Lien Secured Parties of any Series. 
 (c) Notwithstanding the date, time, method, manner or order of grant, attachment or perfection of any Liens securing any Series of First Lien Obligations granted on the Shared Collateral and
notwithstanding any provision of the Uniform Commercial Code of any jurisdiction, or any other applicable law or the Secured Credit Documents or any defect or deficiencies in the Liens securing the First Lien Obligations of any Series or any other
circumstance whatsoever (but, in each case, subject to Section 1.01(b)), each First Lien Secured Party hereby agrees that the Liens securing each Series of First Lien Obligations on any Shared Collateral shall be of equal priority. 

SECTION 2.02 Actions with Respect to Shared Collateral; Prohibition on Contesting Liens. 
 (a) With respect to any Shared Collateral, (i) notwithstanding Section 2.01, only the Collateral Agent shall act or refrain from
acting with respect to the Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral), and then only on the instructions of the Applicable Authorized Representative, (ii) the Collateral Agent
shall not follow any instructions with respect to such Shared Collateral (including with respect to any intercreditor agreement with respect to any Shared Collateral) from any Non-Controlling Authorized Representative (or any other First Lien
Secured Party other than the Applicable Authorized Representative) and (iii) no Non-Controlling Authorized Representative or other First Lien Secured Party (other than the Applicable Authorized Representative) shall or shall instruct the
Collateral Agent to, commence any judicial or nonjudicial foreclosure proceedings with respect to, seek to have a trustee, receiver, liquidator or similar official appointed for or over, attempt any action to take possession of, exercise any right,
remedy or power with respect to, or otherwise take any action to enforce its security interest in or realize upon, or take any other action available to it in respect of, any Shared Collateral (including with respect to any intercreditor agreement
with respect to any Shared Collateral), whether under any First Lien Security Document, applicable law or otherwise, it being agreed that only the Collateral Agent, acting on the instructions of the Applicable Authorized Representative and in
accordance with the applicable First Lien Security Documents, shall be entitled to take any such actions or exercise any such remedies with respect to Shared Collateral. Notwithstanding the equal priority of the Liens, the Collateral Agent (acting
on the instructions of the Applicable Authorized Representative) may deal with the Shared Collateral as if such Applicable Authorized Representative had a senior Lien on such Collateral. No Non-Controlling Authorized Representative or
Non-Controlling Secured Party will contest, protest or object to any foreclosure proceeding or action brought by the Collateral Agent, the Applicable Authorized

  

 -8- 

 
Representative or the Controlling Secured Party or any other exercise by the Collateral Agent, the Applicable Authorized Representative or the Controlling Secured Party of any rights and remedies
relating to the Shared Collateral, or to cause the Collateral Agent to do so. The foregoing shall not be construed to limit the rights and priorities of any First Lien Secured Party, Collateral Agent or any Authorized Representative with respect to
any Collateral not constituting Shared Collateral. 
 (b) Each of the Authorized Representatives agrees that it will not accept
any Lien on any Collateral for the benefit of any Series of First Lien Obligations (other than funds deposited for the discharge or defeasance of any Other First Lien Agreement) other than pursuant to the First Lien Security Documents, and by
executing this Agreement (or a Joinder Agreement), each Authorized Representative and the Series of First Lien Secured Parties for which it is acting hereunder agree to be bound by the provisions of this Agreement and the other First Lien Security
Documents applicable to it. 
 (c) Each of the First Lien Secured Parties agrees that it will not (and hereby waives any right
to) contest or support any other Person in contesting, in any proceeding (including any Insolvency or Liquidation Proceeding), the perfection, priority, validity or enforceability of a Lien held by or on behalf of any of the First Lien Secured
Parties in all or any part of the Collateral, or the provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair (i) the rights of any of the Collateral Agent or any Authorized
Representative to enforce this Agreement or (ii) the rights of any First Lien Secured Party from contesting or supporting any other Person in contesting the enforceability of any Lien purporting to secure First Lien Obligations constituting
unmatured interest pursuant to Section 502(b)(2) of the Bankruptcy Code. 
 SECTION 2.03 No Interference; Payment
Over. 
 (a) Each First Lien Secured Party agrees that (i) it will not challenge or question in any proceeding the
validity or enforceability of any First Lien Obligations of any Series or any First Lien Security Document or the validity, attachment, perfection or priority of any Lien under any First Lien Security Document or the validity or enforceability of
the priorities, rights or duties established by or other provisions of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any First Lien Secured Party from challenging or questioning
the validity or enforceability of any First Lien Obligations constituting unmatured interest or the validity of any Lien relating thereto pursuant to Section 502(b)(2) of the Bankruptcy Code; (ii) it will not take or cause to be taken any
action the purpose or intent of which is, or could be, to interfere, hinder or delay, in any manner, whether by judicial proceedings or otherwise, any sale, transfer or other disposition of the Shared Collateral by the Collateral Agent,
(iii) except as provided in Section 2.02, it shall have no right to (A) direct the Collateral Agent or any other First Lien Secured Party to exercise any right, remedy or power with respect to any Shared Collateral (including pursuant
to any intercreditor agreement) or (B) consent to the exercise by the Collateral Agent or any other First Lien Secured Party of any right, remedy or power with respect to any Shared Collateral, (iv) it will not institute any suit or assert
in any suit, bankruptcy, insolvency or other proceeding any claim against the Collateral Agent or any other First Lien Secured Party seeking damages from or other relief by way of specific performance, instructions or otherwise with respect to any
Shared Collateral, and

  

 -9- 

 
none of the Collateral Agent, any Applicable Authorized Representative or any other First Lien Secured Party shall be liable for any action taken or omitted to be taken by the Collateral Agent,
such Applicable Authorized Representative or other First Lien Secured Party with respect to any Shared Collateral in accordance with the provisions of this Agreement, (v) it will not seek, and hereby waives any right, to have any Shared
Collateral or any part thereof marshaled upon any foreclosure or other disposition of such Collateral and (vi) it will not attempt, directly or indirectly, whether by judicial proceedings or otherwise, to challenge the enforceability of any
provision of this Agreement; provided that nothing in this Agreement shall be construed to prevent or impair the rights of any of the Collateral Agent or any other First Lien Secured Party to enforce this Agreement. 
 (b) Each First Lien Secured Party hereby agrees that if it shall obtain possession of any Shared Collateral or shall realize any proceeds or
payment in respect of any such Shared Collateral, pursuant to any First Lien Security Document or by the exercise of any rights available to it under applicable law or in any Insolvency or Liquidation Proceeding or through any other exercise of
remedies (including pursuant to any intercreditor agreement), at any time prior to the Discharge of each of the First Lien Obligations, then it shall hold such Shared Collateral, proceeds or payment in trust for the other First Lien Secured Parties
and promptly transfer such Shared Collateral, proceeds or payment, as the case may be, to the Collateral Agent, to be distributed by the Collateral Agent in accordance with the provisions of Section 2.01(a) hereof. 
 SECTION 2.04 Automatic Release of Liens; Amendments to First Lien Security Documents. 
 (a) If, at any time any Shared Collateral is transferred to a third party or otherwise disposed of, in each case, in connection with any
enforcement by the Collateral Agent in accordance with the provisions of this Agreement, then (whether or not any Insolvency or Liquidation Proceeding is pending at the time) the Liens in favor of the Collateral Agent for the benefit of each Series
of First Lien Secured Parties upon such Shared Collateral will automatically be released and discharged upon final conclusion of foreclosure proceeding; provided that any proceeds of any Shared Collateral realized therefrom shall be applied
pursuant to Section 2.01 hereof. 
 (b) Each First Lien Secured Party agrees that the Collateral Agent may enter into any
amendment (and, upon request by the Collateral Agent, each Authorized Representative shall sign a consent to such amendment) to any First Lien Security Document (including, without limitation, to release Liens securing any Series of First Lien
Obligations) so long as such amendment, subject to clause (d) below, is permitted by the terms of each then extant Secured Credit Document. Additionally, each First Lien Secured Party agrees that the Collateral Agent may enter into any
amendment (and, upon request by the Collateral Agent, each Authorized Representative shall sign a consent to such amendment) to any First Lien Security Document solely as such First Lien Security Document relates to a particular Series of First Lien
Obligations (including, without limitation, to release Liens securing such Series of First Lien Obligations) so long as (x) such amendment is in accordance with the Secured Credit Document pursuant to which such Series of First Lien Obligations
was incurred and (y) such amendment does not adversely affect the First Lien Secured Parties of any other Series. 
  

 -10- 

 (c) Each Authorized Representative agrees to execute and deliver (at the sole cost and
expense of the Grantors) all such authorizations and other instruments as shall reasonably be requested by the Collateral Agent to evidence and confirm any release of Shared Collateral or amendment to any First Lien Security Document provided for in
this Section. 
 (d) In determining whether an amendment to any First Lien Security Document is permitted by this
Section 2.04, the Collateral Agent may conclusively rely on a certificate of an officer of the Company stating in good faith that such amendment is permitted by Section 2.04(b) above. 
 SECTION 2.05 Certain Agreements with Respect to Bankruptcy or Insolvency Proceedings. 
 (a) This Agreement shall continue in full force and effect notwithstanding the commencement of any proceeding under the Bankruptcy Code or
any other Federal, state or foreign bankruptcy, insolvency, receivership or similar law by or against the Company or any of its subsidiaries. 
 (b) If any Grantor shall become subject to a case (a “Bankruptcy Case”) under the Bankruptcy Code and shall, as debtor(s)-in-possession, move for approval of financing
(“DIP Financing”) to be provided by one or more lenders (the “DIP Lenders”) under Section 364 of the Bankruptcy Code or the use of cash collateral under Section 363 of the Bankruptcy Code,
each First Lien Secured Party (other than any Controlling Secured Party or any Authorized Representative of any Controlling Secured Party) agrees that it will raise no objection to any such financing or to the Liens on the Shared Collateral securing
the same (“DIP Financing Liens”) or to any use of cash collateral that constitutes Shared Collateral, unless any Controlling Secured Party, or an Authorized Representative of any Controlling Secured Party, shall then oppose
or object to such DIP Financing or such DIP Financing Liens or use of cash collateral (and (i) to the extent that such DIP Financing Liens are senior to the Liens on any such Shared Collateral for the benefit of the Controlling Secured Parties,
each Non-Controlling Secured Party will subordinate its Liens with respect to such Shared Collateral on the same terms as the Liens of the Controlling Secured Parties (other than any Liens of any First Lien Secured Parties constituting DIP Financing
Liens) are subordinated thereto, and (ii) to the extent that such DIP Financing Liens rank pari passu with the Liens on any such Shared Collateral granted to secure the First Lien Obligations of the Controlling Secured Parties, each
Non-Controlling Secured Party will confirm the priorities with respect to such Shared Collateral as set forth herein), in each case so long as (A) the First Lien Secured Parties of each Series retain the benefit of their Liens on all such
Shared Collateral pledged to the DIP Lenders, including proceeds thereof arising after the commencement of such proceeding, with the same priority vis-a-vis all the other First Lien Secured Parties (other than any Liens of the First Lien Secured
Parties constituting DIP Financing Liens) as existed prior to the commencement of the Bankruptcy Case, (B) the First Lien Secured Parties of each Series are granted Liens on any additional collateral pledged to any First Lien Secured Parties as
adequate protection or otherwise in connection with such DIP Financing or use of cash collateral, with the same priority vis-a-vis the First Lien Secured Parties as set forth in this Agreement, (C) if any amount of such DIP Financing or cash
collateral is applied to repay any of the First Lien Obligations, such amount is applied pursuant to Section 2.01(a) of this Agreement, and (D) if any First Lien Secured Parties are granted adequate

  

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protection, including in the form of periodic payments, in connection with such DIP Financing or use of cash collateral, the proceeds of such adequate protection is applied pursuant to
Section 2.01(a) of this Agreement; provided that the First Lien Secured Parties of each Series shall have a right to object to the grant of a Lien to secure the DIP Financing over any Collateral subject to Liens in favor of the First
Lien Secured Parties of such Series or its Authorized Representative that shall not constitute Shared Collateral; and provided, further, that the First Lien Secured Parties receiving adequate protection shall not object to any other
First Lien Secured Party receiving adequate protection comparable to any adequate protection granted to such First Lien Secured Parties in connection with a DIP Financing or use of cash collateral. 
 SECTION 2.06 Reinstatement. In the event that any of the First Lien Obligations shall be paid in full and such payment or any part
thereof shall subsequently, for whatever reason (including an order or judgment for disgorgement of a preference under Title 11 of the United Stated Code, or any similar law, or the settlement of any claim in respect thereof), be required to be
returned or repaid, the terms and conditions of this Article II shall be fully applicable thereto until all such First Lien Obligations shall again have been paid in full in cash. 
 SECTION 2.07 Insurance. As between the First Lien Secured Parties, the Collateral Agent, acting at the direction of the Applicable
Authorized Representative, shall have the right to adjust or settle any insurance policy or claim covering or constituting Shared Collateral in the event of any loss thereunder and to approve any award granted in any condemnation or similar
proceeding affecting the Shared Collateral. 
 SECTION 2.08 Refinancings. The First Lien Obligations of any Series may be
Refinanced, in whole or in part, in each case, without notice to, or the consent (except to the extent a consent is otherwise required to permit the refinancing transaction under any Secured Credit Document) of any First Lien Secured Party of any
other Series, all without affecting the priorities provided for herein or the other provisions hereof; provided that the Authorized Representative of the holders of any such Refinancing indebtedness shall have executed a Joinder Agreement on
behalf of the holders of such Refinancing indebtedness. 
 SECTION 2.09 Possessory Collateral Agent as Gratuitous Bailee for
Perfection. 
 (a) The Collateral Agent agrees to hold any Shared Collateral constituting Possessory Collateral that is part
of the Collateral in its possession or control (or in the possession or control of its agents or bailees) as gratuitous bailee for the benefit of each other First Lien Secured Party and any assignee solely for the purpose of perfecting the security
interest granted in such Possessory Collateral, if any, pursuant to the applicable First Lien Security Documents, in each case, subject to the terms and conditions of this Section 2.09. Pending delivery to the Collateral Agent, each other
Authorized Representative agrees to hold any Shared Collateral constituting Possessory Collateral, from time to time in its possession, as gratuitous bailee for the benefit of each other First Lien Secured Party and any assignee, solely for the
purpose of perfecting the security interest granted in such Possessory Collateral, if any, pursuant to the applicable First Lien Security Documents, in each case, subject to the terms and conditions of this Section 2.09. 
  

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 (b) The duties or responsibilities of the Collateral Agent and each other Authorized
Representative under this Section 2.09 shall be limited solely to holding any Shared Collateral constituting Possessory Collateral as gratuitous bailee for the benefit of each other First Lien Secured Party for purposes of perfecting the Lien
held by such First Lien Secured Parties therein. 
 ARTICLE III 
 Existence and Amounts of Liens and Obligations 
 Whenever the Collateral Agent or any Authorized Representative shall be required, in connection with the exercise of its rights or the performance of its obligations hereunder, to determine the existence or amount of any First Lien
Obligations of any Series, or the Shared Collateral subject to any Lien securing the First Lien Obligations of any Series, it may request that such information be furnished to it in writing by each other Authorized Representative and shall be
entitled to make such determination on the basis of the information so furnished; provided, however, that if an Authorized Representative shall fail or refuse reasonably promptly to provide the requested information, the requesting
Collateral Agent or Authorized Representative shall be entitled to make any such determination or not make any determination by such method as it may, in the exercise of its good faith judgment, determine, including by reliance upon a certificate of
the Company. The Collateral Agent and each Authorized Representative may rely conclusively, and shall be fully protected in so relying, on any determination made by it in accordance with the provisions of the preceding sentence (or as otherwise
directed by a court of competent jurisdiction) and shall have no liability to any Grantor, any First Lien Secured Party or any other person as a result of such determination. 
 ARTICLE IV 
 The Collateral Agent 
 SECTION 4.01 Appointment and Authority. 
 (a) Each of the First Lien Secured Parties hereby irrevocably appoints [JPMorgan Chase Bank, N.A.] to act on its behalf as the Collateral Agent hereunder and under each of the other First Lien Security
Documents and authorizes the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Collateral Agent by the terms hereof or thereof, including for purposes of acquiring, holding and enforcing any and
all Liens on Collateral granted by any Grantor to secure any of the First Lien Obligations, together with such powers and discretion 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 4.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under any of the First Lien Security Documents, or for exercising any
rights and remedies thereunder at the direction of the Applicable Authorized Representative), shall be entitled to the benefits of all provisions of this Article IV and Section 9.05 of the Credit Agreement and the equivalent provision of any
Other First Lien Agreement (as though such co-agents, sub-agents and attorneys-in-fact were the “Collateral Agent” under the First Lien Security Documents) as if set forth in full herein with respect thereto. 
  

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 (b) Each Non-Controlling Secured Party acknowledges and agrees that the Collateral Agent
shall be entitled, for the benefit of the First Lien Secured Parties, to sell, transfer or otherwise dispose of or deal with any Shared Collateral as provided herein and in the First Lien Security Documents, without regard to any rights to which the
holders of the Non-Controlling Secured Obligations would otherwise be entitled as a result of such Non-Controlling Secured Obligations. Without limiting the foregoing, each Non-Controlling Secured Party agrees that none of the Collateral Agent, the
Applicable Authorized Representative or any other First Lien Secured Party shall have any duty or obligation first to marshal or realize upon any type of Shared Collateral (or any other Collateral securing any of the First Lien Obligations), or to
sell, dispose of or otherwise liquidate all or any portion of such Shared Collateral (or any other Collateral securing any First Lien Obligations), in any manner that would maximize the return to the Non-Controlling Secured Parties, notwithstanding
that the order and timing of any such realization, sale, disposition or liquidation may affect the amount of proceeds actually received by the Non-Controlling Secured Parties from such realization, sale, disposition or liquidation. Each of the First
Lien Secured Parties waives any claim it may now or hereafter have against the Collateral Agent or the Authorized Representative of any other Series of First Lien Obligations or any other First Lien Secured Party of any other Series arising out of
(i) any actions which the Collateral Agent, any Authorized Representative or any First Lien Secured Party takes or omits to take (including, actions with respect to the creation, perfection or continuation of Liens on any Collateral, actions
with respect to the foreclosure upon, sale, release or depreciation of, or failure to realize upon, any of the Collateral and actions with respect to the collection of any claim for all or any part of the First Lien Obligations from any account
debtor, guarantor or any other party) in accordance with the First Lien Security Documents or any other agreement related thereto or to the collection of the First Lien Obligations or the valuation, use, protection or release of any security for the
First Lien Obligations, (ii) any election by any Applicable Authorized Representative or any holders of First Lien Obligations, in any proceeding instituted under the Bankruptcy Code, of the application of Section 1111(b) of the Bankruptcy
Code or (iii) subject to Section 2.05, any borrowing by, or grant of a security interest or administrative expense priority under Section 364 of the Bankruptcy Code by, the Company or any of its subsidiaries, as debtor-in-possession.
Notwithstanding any other provision of this Agreement, the Collateral Agent shall not accept any Shared Collateral in full or partial satisfaction of any First Lien Obligations pursuant to Section 9-620 of the Uniform Commercial Code of any
jurisdiction, without the consent of each Authorized Representative representing holders of First Lien Obligations for whom such Collateral constitutes Shared Collateral. 
 SECTION 4.02 Rights as a First Lien Secured Party. The Person serving as the Collateral Agent hereunder shall have the same rights and powers in its capacity as a First Lien Secured Party under any
Series of First Lien Obligations that it holds as any other First Lien Secured Party of such Series and may exercise the same as though it were not the Collateral Agent and the term “First Lien Secured Party” or “First Lien Secured
Parties” or (as applicable) “Credit Agreement Secured Party”, “Credit Agreement Secured Parties”, “Other First Lien Secured Party” or “Other First Lien Secured Parties” shall, unless otherwise expressly
indicated or unless the context otherwise requires, include the Person serving as the Collateral 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 Company or any Subsidiary or other Affiliate thereof as if such Person were not the Collateral Agent hereunder and without any duty to account therefor to any
other First Lien Secured Party. 
  

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 SECTION 4.03 Exculpatory Provisions. 
 (a) The Collateral Agent shall not have any duties or obligations except those expressly set forth herein and in the other First Lien
Security Documents. Without limiting the generality of the foregoing, the Collateral Agent: 
 (i) shall not be
subject to any fiduciary or other implied duties of any kind or nature to any Person, regardless of whether an Event of Default has occurred and is continuing; 
 (ii) 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 First Lien Security Documents that the Collateral Agent is required to exercise as directed in writing by the Applicable Authorized Representative; provided that the Collateral
Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Collateral Agent to liability or that is contrary to any First Lien Security Document or applicable law; 
 (iii) shall not, except as expressly set forth herein and in the other First Lien Security Documents, have any duty to
disclose, and shall not be liable for the failure to disclose, any information relating to the Company or any of its Affiliates that is communicated to or obtained by the Person serving as the Collateral Agent or any of its Affiliates in any
capacity; 
 (iv) shall not be liable for any action taken or not taken by it (i) with the consent or at the
request of the Applicable Authorized Representative or (ii) in the absence of its own gross negligence or willful misconduct or (iii) in reliance on a certificate of an authorized officer of the Company stating that such action is
permitted by the terms of this Agreement. The Collateral Agent shall be deemed not to have knowledge of any Event of Default under any Series of First Lien Obligations unless and until notice describing such Event Default is given to the Collateral
Agent by the Authorized Representative of such First Lien Obligations or the Company; 
 (v) shall not 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 Agreement or any other First Lien Security 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 Agreement, any other First Lien Security Document or any other agreement, instrument or document, or the creation, perfection or priority of any
Lien purported to be created by the First Lien Security Documents, (v) the value or the sufficiency of any Collateral for any Series of First Lien Obligations, or (v) the satisfaction of any condition set forth in any Secured Credit
Document, other than to confirm receipt of items expressly required to be delivered to the Collateral Agent; 
  

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 (vi) shall not have any fiduciary duties or contractual obligations of any
kind or nature under any Other First Lien Agreement (but shall be entitled to all protections provided to the Collateral Agent therein); 
 (vii) with respect to the Credit Agreement, any Other First Lien Agreement or any First Lien Security Document, may conclusively assume that the Grantors have complied with all of their obligations
thereunder unless advised in writing by the Authorized Representative thereunder to the contrary specifically setting forth the alleged violation; and 
 (viii) may conclusively rely on any certificate of an officer of the Company provided pursuant to Section 2.04(d). 
 (b) Each Secured Party acknowledges that, in addition to acting as the initial Collateral Agent, [JPMorgan Chase Bank, N.A.] also serves as
Administrative Agent under the Credit Agreement and each First Lien Secured Party hereby agrees not to assert any claim (including as a result of any conflict of interest) against [JPMorgan Chase Bank, N.A.], or any successor, arising from the role
of Administrative Agent under the Credit Agreement so long as [JPMorgan Chase Bank, N.A.] or any such successor is either acting in accordance with the express terms of such documents or otherwise has not engaged in gross negligence or willful
misconduct. 
 SECTION 4.04 Reliance by Collateral Agent. The Collateral 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. The Collateral 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. The Collateral Agent may consult with legal counsel (who may include, but shall not be limited to counsel for the Company or counsel for the Administrative Agent), independent accountants and other experts
selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
 SECTION 4.05 Delegation of Duties. The Collateral Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other First Lien Security Document by or
through any one or more sub-agents appointed by the Collateral Agent. The Collateral Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Affiliates. The exculpatory
provisions of this Article shall apply to any such sub-agent and to the Affiliates of the Collateral Agent and any such sub-agent. 
  

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 SECTION 4.06 Resignation of Collateral Agent. The Collateral Agent may at any time
give notice of its resignation as Collateral Agent under this Agreement and the other First Lien Security Documents to each Authorized Representative and the Company. Upon receipt of any such notice of resignation, the Applicable Authorized
Representative shall have the right (subject, unless an Event of Default relating to a payment default or the commencement of an Insolvency or Liquidation Proceeding has occurred and is continuing, to the consent of the Company (not to be
unreasonably withheld or delayed)), to appoint a successor, which shall be a bank or trust company with an office in the United States, or an Affiliate of any such bank or trust company with an office in the United States. If no such successor shall
have been so appointed by the Applicable Authorized Representative and shall have accepted such appointment within 10 days after the retiring Collateral Agent gives notice of its resignation, then the retiring Collateral Agent may, on behalf of the
First Lien Secured Parties, appoint a successor Collateral Agent meeting the qualifications set forth above; provided that if the Collateral Agent shall notify the Company and each Authorized Representative that no qualifying Person has
accepted such appointment, then such resignation shall nonetheless become effective in accordance with such notice and (a) the retiring Collateral Agent shall be discharged from its duties and obligations hereunder and under the other First
Lien Security Documents (except that in the case of any collateral security held by the Collateral Agent on behalf of the First Lien Secured Parties under any of the First Lien Security Documents, the retiring Collateral Agent shall continue to hold
such collateral security solely for purposes of maintaining the perfection of the security interests of the First Lien Secured Parties therein until such time as a successor Collateral Agent is appointed but with no obligation to take any further
action at the request of the Applicable Authorized Representative, any other First Lien Secured Parties or any Grantor) and (b) all payments, communications and determinations provided to be made by, to or through the Collateral Agent shall
instead be made by or to each Authorized Representative directly, until such time as the Applicable Authorized Representative appoints a successor Collateral Agent as provided for above in this Section. Upon the acceptance of a successor’s
appointment as Collateral Agent hereunder and under the First Lien Security Documents, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Collateral Agent, and the
retiring Collateral Agent shall be discharged from all of its duties and obligations hereunder or under the other First Lien Security Documents (if not already discharged therefrom as provided above in this Section). After the retiring Collateral
Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article, Sections 8.07 and 9.05 of the Credit Agreement and the equivalent provision of any Other First Lien Agreement shall continue in effect for the
benefit of such retiring Collateral 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 Collateral Agent was acting as Collateral Agent. Upon any notice
of resignation of the Collateral Agent hereunder and under the other First Lien Security Documents, the Company agrees to use commercially reasonable efforts to transfer (and maintain the validity and priority of) the Liens in favor of the retiring
Collateral Agent under the First Lien Security Documents to the successor Collateral Agent as promptly as practicable. 
 SECTION 4.07 Non-Reliance on Collateral Agent and Other First Lien Secured Parties. Each First Lien Secured Party acknowledges that it has, independently and without reliance upon the Collateral Agent, any Authorized Representative
or any other First Lien Secured Party or any of their Affiliates and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement

  

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and the other Secured Credit Documents. Each First Lien Secured Party also acknowledges that it will, independently and without reliance upon the Collateral Agent, any Authorized Representative
or any other First Lien Secured Party or any of their Affiliates 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
Agreement, any other Secured Credit Document or any related agreement or any document furnished hereunder or thereunder. 
 SECTION 4.08 Collateral and Guaranty Matters. Each of the First Lien Secured Parties irrevocably authorizes the Collateral Agent, at its option and in its discretion, 
 (a) to release any Lien on any property granted to or held by the Collateral Agent under any First Lien Security Document in
accordance with Section 2.04 or upon receipt of a written request from the Company stating that the releases of such Lien is permitted by the terms of each then extant Secured Credit Document; 
 (b) to release any Grantor from its obligations under the First Lien Security Documents upon receipt of a written request
from the Company stating that such release is permitted by the terms of each then extant Secured Credit Document. 
 ARTICLE V

 Miscellaneous 
 SECTION 5.01 Notices. 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 telecopy, as follows: 
 (a) if to the Collateral Agent or the Administrative Agent, to it at:

  
  

			
	 [JPMorgan Chase Bank, N.A.]

	 [
	  	]
	 [
	  	]
	 Attention: [
	  	]
	 Telephone: [
	  	]
	 Telecopier: [
	  	]
	 E-mail: [
	  	];

 (b) if to the Initial Other Authorized Representative, to it at:

  

			
	 [
	  	]
	 [
	  	]
	 Attention: [
	  	]
	 Telephone: [
	  	]
	 Telecopier: [
	  	]
	 E-mail: [
	  	];

  

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 (c) if to any additional Other Authorized Representative, to it at the
address set forth in the applicable Joinder Agreement. 
 Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt (if a
Business Day) and on the next Business Day thereafter (in all other cases) if delivered by hand or overnight courier service or sent by telecopy or on the date five Business Days after dispatch by certified or registered mail if mailed, in each case
delivered, sent or mailed (properly addressed) to such party as provided in this Section 5.01 or in accordance with the latest unrevoked direction from such party given in accordance with this Section 5.01. As agreed to in writing among
the Collateral Agent and each Authorized Representative from time to time, notices and other communications may also be delivered by e-mail to the e-mail address of a representative of the applicable person provided from time to time by such person.

 SECTION 5.02 Waivers; Amendment; Joinder Agreements. 
 (a) No failure or delay on the part of any party hereto in exercising any right or power hereunder shall operate as a waiver thereof, nor
shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights
and remedies of the parties hereto are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by any party therefrom shall in any event be
effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice or demand on any party hereto in any
case shall entitle such party to any other or further notice or demand in similar or other circumstances. 
 (b) Neither this
Agreement nor any provision hereof may be terminated, waived, amended or modified (other than pursuant to any Joinder Agreement) except pursuant to an agreement or agreements in writing entered into by each Authorized Representative and the
Collateral Agent. 
 (c) Notwithstanding the foregoing, without the consent of any First Lien Secured Party, any Authorized
Representative may become a party hereto by execution and delivery of a Joinder Agreement in accordance with Section 7.20 of the Collateral Agreement and upon such execution and delivery, such Authorized Representative and the Other First Lien
Secured Parties and Other First Lien Obligations of the Series for which such Authorized Representative is acting shall be subject to the terms hereof and the terms of the other First Lien Security Documents applicable thereto. 
 SECTION 5.03 Parties in Interest. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns, as well as the other First Lien Secured Parties, all of whom are intended to be bound by, and to be third party beneficiaries of, this Agreement. 
  

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 SECTION 5.04 Survival of Agreement. All covenants, agreements, representations and
warranties made by any party in this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement. 
 SECTION 5.05 Counterparts. This Agreement may be executed in counterparts, each of which shall constitute an original but all of
which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this Agreement. 
 SECTION 5.06 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of
which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 
 SECTION 5.07 Governing
Law. This Agreement shall be construed in accordance with and governed by the laws of the State of New York. 
 SECTION 5.08
Submission to Jurisdiction; Waivers. The Collateral Agent and each Authorized Representative, on behalf of itself and the First Lien Secured Parties of the Series for whom it is acting, irrevocably and unconditionally: 
 (a) submits for itself and its property in any legal action or proceeding relating to this Agreement and the First Lien
Security Documents, or for recognition and enforcement of any judgment in respect thereof, to the exclusive general jurisdiction of the state and federal courts located in New York County and appellate courts from any thereof; 
 (b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or
hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 
 (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered
or certified mail (or any substantially similar form of mail), postage prepaid, to such Person (or its Authorized Representative) at the address referred to in 5.01; 
 (d) agrees that nothing herein shall affect the right of any other party hereto (or any First Lien Secured Party) to effect
service of process in any other manner permitted by law; and 
  

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 (e) waives, to the maximum extent not prohibited by law, any right it may
have to claim or recover in any legal action or proceeding referred to in this Section 5.08 any special, exemplary, punitive or consequential damages. 
 SECTION 5.09 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY
OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN
THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION
5.09. 
 SECTION 5.10 Headings. Article, Section and Annex headings used herein are for convenience of reference only,
are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 
 SECTION 5.11 Conflicts. 
 (a) In the event of any conflict between the terms
of this Agreement and the terms of any of the other Secured Credit Documents or First Lien Security Documents, the terms of this Agreement shall govern. 
 (b) Notwithstanding Section 5.11(a) above, in the event of any conflict between the terms of this Agreement and the terms of (i) the New 1-1/2 Lien Intercreditor Agreement or (ii) the
Existing Second Lien Intercreditor Agreement, the terms of the New 1-1/2 Lien Intercreditor Agreement or the Existing Second Lien Intercreditor Agreement, as applicable, shall govern. 
 SECTION 5.12 Provisions Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the
purpose of defining the relative rights of the First Lien Secured Parties in relation to one another. None of the Company, any other Grantor or any other creditor thereof shall have any rights or obligations hereunder, except as expressly provided
in this Agreement (provided that nothing in this Agreement (other than Section 2.04, 2.05, 2.08, 2.09 or Article V) is intended to or will amend, waive or otherwise modify the provisions of the Credit Agreement or any Other First Lien
Agreements), and none of the Company or any other Grantor may rely on the terms hereof (other than Sections 2.04, 2.05, 2.08, 2.09 and Article V). Nothing in this Agreement is intended to or shall impair the obligations of any Grantor, which are
absolute and unconditional, to pay the First Lien Obligations as and when the same shall become due and payable in accordance with their terms. 
 SECTION 5.13 Integration. This Agreement together with the other Secured Credit Documents and the First Lien Security Documents represents the agreement of each of the Grantors and the First Lien
Secured Parties with respect to the subject matter hereof and there are

  

 -21- 

 
no promises, undertakings, representations or warranties by any Grantor, the Collateral Agent, any or any other First Lien Secured Party relative to the subject matter hereof not expressly set
forth or referred to herein or in the other Secured Credit Documents or the First Lien Security Documents. 
 [Remainder of this
page intentionally left blank] 
  

 -22- 

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

					
	 [JPMORGAN CHASE BANK, N.A.,]
 as Administrative Agent and Collateral Agent

			
	By:	 	 	 	 
		 	 Name:
 Title:
	 	
	
	 [                                       
                     ],
 as Initial
Other Authorized Representative

			
	By:	 	 	 	 
		 	 Name:
 Title:
	 	

  

 [First Lien Intercreditor Agreement] 

 CONSENT OF GRANTORS 
 Dated: [                        ] 
 Reference is made to the First Lien Intercreditor Agreement dated as of the date hereof between JPMorgan Chase Bank, N.A., as Administrative
Agent and Collateral Agent, and [                        ], as Initial Other Authorized Representative, as the same may be
amended, restated, supplemented, waived, or otherwise modified from time to time (the “Intercreditor Agreement”). Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the
Intercreditor Agreement. 
 The Company has read the foregoing Intercreditor Agreement and consents thereto. The Company agrees
that it will not, and will cause each of the other Grantors to not, take any action that would be contrary to the express provisions of the foregoing Intercreditor Agreement, agrees to abide by the requirements expressly applicable to it under the
foregoing Intercreditor Agreement and agrees that, except as otherwise provided therein, no First Lien Secured Party shall have any liability to any Grantor for acting in accordance with the provisions of the foregoing Intercreditor Agreement. The
Company confirms on behalf of each Grantor that the foregoing Intercreditor Agreement is for the sole benefit of the First Lien Secured Parties and their respective successors and assigns, and that no Grantor is an intended beneficiary or third
party beneficiary thereof except to the extent otherwise expressly provided therein. 
 Notwithstanding anything to the contrary
in the Intercreditor Agreement or provided herein, each party to the Intercreditor Agreement agrees that the Company and the other Grantors shall not have any right to consent to or approve any amendment, modification or waiver of any provision of
the Intercreditor Agreement except to the extent their rights are adversely affected (in which case the Company shall have the right to consent to or approve any such amendment, modification or waiver). 
 Without limitation to the foregoing, the Company agrees to take, and to cause each other Grantor to take, such further action and to execute
and deliver such additional documents and instruments (in recordable form, if requested) as the Collateral Agent may reasonably request to effectuate the terms of and the lien priorities contemplated by the Intercreditor Agreement. 
 This Consent shall be governed and construed in accordance with the laws of the State of New York. Notices delivered to the Company pursuant
to this Consent shall be delivered in accordance with the notice provisions set forth in the Intercreditor Agreement. 

 IN WITNESS HEREOF, this Consent is hereby executed by each of the Grantors as of the date
first written above. 
  

					
	HEXION LLC
			
	By:	 	 	 	 
		 	 Name:
 Title:
	 	
	
	HEXION SPECIALTY CHEMICALS, INC.
			
	By:	 	 	 	 
		 	 Name:
 Title:
	 	
	
	[GRANTORS]
			
	By:	 	 	 	 
		 	 Name:
 Title:
	 	

  

 -2- 

 EXHIBIT B 
 THIRD AMENDED AND RESTATED 
 COLLATERAL AGREEMENT 

dated and effective as of 
 January 29, 2010, 
 among 
 HEXION LLC, 
 HEXION SPECIALTY CHEMICALS, INC., 
 each Subsidiary of the U.S. Borrower identified herein, 
 and 
 JPMORGAN CHASE BANK, N.A., 
 as 
 Applicable First
Lien Representative 

 TABLE OF CONTENTS 
  

					
	 	  	 	  	 Page

	ARTICLE I.
	
	Definitions
	
	2
			
	 SECTION 1.01.
	  	Credit Agreement	  	2
			
	 SECTION 1.02.
	  	Other Defined Terms	  	2
	
	ARTICLE II.
	
	[Intentionally Omitted]
	
	7
	
	ARTICLE III.
	
	Pledge of Securities
	
	7
			
	 SECTION 3.01.
	  	Pledge	  	7
			
	 SECTION 3.02.
	  	Delivery of the Pledged Collateral	  	9
			
	 SECTION 3.03.
	  	Representations, Warranties and Covenants	  	9
			
	 SECTION 3.04.
	  	Certification of Limited Liability Company and Limited Partnership Interests	  	11
			
	 SECTION 3.05.
	  	Registration in Nominee Name; Denominations	  	11
			
	 SECTION 3.06.
	  	Voting Rights; Dividends and Interest, etc	  	12
	
	ARTICLE IV.
	
	Security Interests in Personal Property
	
	14
			
	 SECTION 4.01.
	  	Security Interest	  	14
			
	 SECTION 4.02.
	  	Representations and Warranties	  	16
			
	 SECTION 4.03.
	  	Covenants	  	18

  

 -ii- 

					
			
	 SECTION 4.04.
	  	Other Actions	  	20
			
	 SECTION 4.05.
	  	Covenants Regarding Patent, Trademark and Copyright Collateral	  	22
	
	ARTICLE V.
	
	Remedies
	
	23
			
	 SECTION 5.01.
	  	Remedies Upon Default	  	23
			
	 SECTION 5.02.
	  	Application of Proceeds	  	25
			
	 SECTION 5.03.
	  	Grant of License to Use Intellectual Property	  	26
			
	 SECTION 5.04.
	  	Securities Act, etc	  	26
			
	 SECTION 5.05.
	  	Registration, etc	  	27
	
	ARTICLE VI.
	
	[Intentionally Omitted]
	
	27
	
	ARTICLE VII.
	
	Miscellaneous
	
	27
			
	 SECTION 7.01.
	  	Notices	  	27
			
	 SECTION 7.02.
	  	Security Interest Absolute	  	28
			
	 SECTION 7.03.
	  	Limitation By Law	  	28
			
	 SECTION 7.04.
	  	Binding Effect; Several Agreement	  	28
			
	 SECTION 7.05.
	  	Successors and Assigns	  	29
			
	 SECTION 7.06.
	  	Applicable First Lien Representative’s Fees and Expenses; Indemnification	  	29
			
	 SECTION 7.07.
	  	Applicable First Lien Representative Appointed Attorney-in-Fact	  	30
			
	 SECTION 7.08.
	  	Authority of Applicable First Lien Representative	  	30
			
	 SECTION 7.09.
	  	GOVERNING LAW	  	31

  

 -iii- 

					
			
	 SECTION 7.10.
	  	Waivers; Amendment	  	31
			
	 SECTION 7.11.
	  	WAIVER OF JURY TRIAL	  	31
			
	 SECTION 7.12.
	  	Severability	  	32
			
	 SECTION 7.13.
	  	Counterparts	  	32
			
	 SECTION 7.14.
	  	Headings	  	32
			
	 SECTION 7.15.
	  	Jurisdiction; Consent to Service of Process	  	32
			
	 SECTION 7.16.
	  	Termination or Release	  	33
			
	 SECTION 7.17.
	  	Additional Subsidiaries	  	34
			
	 SECTION 7.18.
	  	Right of Set-off	  	34
			
	 SECTION 7.19.
	  	Subject to Intercreditor Agreements	  	34
			
	 SECTION 7.20.
	  	Other First Lien Obligations	  	35
			
	 SECTION 7.21.
	  	Applicable First Lien Representative	  	35
			
	 SECTION 7.22.
	  	[Reserved]	  	36
			
	 SECTION 7.23.
	  	Dutch Parallel Debt	  	36
			
	 SECTION 7.24.
	  	ULC Shares	  	36

  

					
	Schedules	  		  	
			
	Schedule I	  	Subsidiary Parties	  	
	Schedule II	  	Commercial Tort Claims	  	
	Schedule III	  	Pledged Stock; Debt Securities	  	
	Schedule IV	  	Intellectual Property	  	
			
	Exhibits	  		  	
			
	Exhibit I	  	Form of Supplement to the Collateral Agreement	  	
	Exhibit II	  	Form of Perfection Certificate	  	
	Exhibit III	  	Form of Other First Lien Secured Party Consent	  	

  

 -iv- 

 THIRD AMENDED AND RESTATED COLLATERAL AGREEMENT dated and effective as of January 29,
2010 (this “Agreement”), among HEXION LLC, a Delaware limited liability company (“Holdings”), HEXION SPECIALTY CHEMICALS, INC., a New Jersey corporation (the “U.S. Borrower”), each
Subsidiary of the U.S. Borrower listed on Schedule I hereto and each Subsidiary of the U.S. Borrower that becomes a party hereto (each, a “Subsidiary Party”) and JPMORGAN CHASE BANK, N.A., as Applicable First Lien
Representative (in such capacity, the “Applicable First Lien Representative”) for the Secured Parties (as defined below). 
 This Agreement is an amendment and restatement of the Second Amended and Restated Collateral Agreement dated as of November 3, 2006, among Holdings, the U.S. Borrower, each subsidiary of the U.S.
Borrower party thereto and the JPMorgan Chase Bank, N.A., as Administrative Agent. 
 Reference is made to the Third Amended and
Restated Credit Agreement dated as of January 29, 2010 (as further amended, restated, supplemented, waived or otherwise modified from time to time, the “Credit Agreement”), among Holdings, the U.S. Borrower, Hexion Specialty
Chemicals Canada, Inc., a Canadian corporation (the “Canadian Borrower”), Hexion Specialty Chemicals B.V., a company organized under the laws of The Netherlands (the “Dutch Borrower”), Hexion Specialty Chemicals UK
Limited, a corporation organized under the laws of England and Wales, and Borden Chemical UK Limited, a corporation organized under the laws of England and Wales (together, the “U.K. Borrowers” and, together with the U.S. Borrower,
the Canadian Borrower and the Dutch Borrower, the “Borrowers”), the Lenders party thereto from time to time, and J.P. Morgan Securities, Inc., Credit Suisse Securities (USA) LLC and Citigroup Inc., as joint lead arrangers and joint
bookrunners. 
 The Lenders have agreed to extend credit to the Borrowers subject to the terms and conditions set forth in the
Credit Agreement. The obligations of the Lenders to extend such credit are conditioned upon, among other things, the execution and delivery of this Agreement. The Subsidiary Parties are subsidiaries of the U.S. Borrower, will derive substantial
benefits from the extension of credit to the Borrowers pursuant to the Credit Agreement and are willing to execute and deliver this Agreement in order to induce the Lenders to extend such credit and as consideration for Loans previously made and
Letters of Credit previously issued and to induce the holders of any Other First Lien Obligations to make their respective extensions of credit thereunder. Accordingly, the parties hereto agree as follows: 
 This Third Amended and Restated Collateral Agreement amends and restates the Second Amended and Restated Collateral Agreement dated as of
November 3, 2006 (the “Second Amended and Restated Collateral Agreement”). The obligations of the Pledgors under the Second Amended and Restated Collateral Agreement and the grant of security interest in the Collateral by the
Pledgors under the Second Amended and Restated Collateral Agreement shall continue under this Third Amended and Restated Collateral Agreement, and shall not in any event be terminated, extinguished or annulled, but shall hereafter be governed by
this Third Amended and Restated Collateral Agreement. All references to the “Collateral Agreement” in any Loan Document (other than this Third Amended and Restated Collateral Agreement) or other document or instrument delivered in
connection therewith shall be deemed to refer to this Third Amended and Restated Collateral Agreement and the provisions hereof. It is understood

  

 1 

 
and agreed that the Second Amended and Restated Collateral Agreement is being amended and restated by entry into this Third Amended and Restated Collateral Agreement on the date hereof.

 ARTICLE I. 
 Definitions 
 SECTION 1.01. Credit Agreement. (a) Capitalized terms used in this Agreement and not
otherwise defined herein have the respective meanings assigned thereto in the Credit Agreement. All terms defined in the New York UCC (as defined herein) and not defined in this Agreement or the Credit Agreement shall have the meanings specified
therein. The term “instrument” shall have the meaning specified in Article 9 of the New York UCC. 
 (b) The
rules of construction specified in Section 1.02 of the Credit Agreement also apply to this Agreement. 
 (c) Where the
context requires, references in this Agreement to particular Section(s) of the Credit Agreement shall be deemed to refer to the comparable provision(s), if any, of any Other First Lien Agreement. 
 SECTION 1.02. Other Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “Account Debtor” means any person who is or who may become obligated to any Pledgor under, with respect to or on account of
an Account. 
 “Applicable First Lien Representative” shall mean the “Applicable Authorized
Representative” (as defined in the First Lien Intercreditor Agreement); provided that prior to the Intercreditor Effective Date, the Applicable First Lien Representative shall be deemed to be the Administrative Agent. 
 “Article 9 Collateral” has the meaning assigned to such term in Section 4.01. 
 “Authorized Representative” shall mean (a) the Administrative Agent, with respect to the Credit Agreement and any
Obligations under clause (b) or (c) of the definition thereof, and (b) any duly authorized representative of any Secured Party under Other First Lien Agreements designated as “Authorized Representative” for any Secured Party
in any Other First Lien Agreement, with respect to Other First Lien Obligations. 
 “Collateral” means
Article 9 Collateral and Pledged Collateral. 
 “Control Agreement” means a securities account control
agreement or a commodity account control agreement, as applicable, enabling the Applicable First Lien Representative to obtain “control” (within the meaning of the New York UCC) of any such accounts, in form and substance reasonably
satisfactory to the Applicable First Lien Representative. 
  

 2 

 “Copyright License” means any written agreement, now or hereafter in
effect, granting any right to any Pledgor under any Copyright now or hereafter owned by any third party, and all rights of any Pledgor under any such agreement (including any such rights that such Pledgor has the right to license). 
 “Copyrights” means all of the following now owned or hereafter acquired by any Pledgor (or, as required in the context of
the definition of “Copyright License,” any third party licensor): (a) all copyright rights in any work subject to the copyright laws of the United States or any other country, whether as author, assignee, transferee or otherwise;
and (b) all registrations and applications for registration of any such Copyright in the United States or any other country, including registrations, supplemental registrations and pending applications for registration in the United States
Copyright Office, including those listed on Schedule IV. 
 “Credit Agreement” has the meaning
assigned to such term in the preliminary statement of this Agreement. 
 “Credit Agreement Secured Parties”
means the Secured Parties other than the Other First Lien Secured Parties. 
 “Discharge of Credit Agreement
Obligations” has the meaning assigned to such term in the First Lien Intercreditor Agreement. 
 “Event of
Default” shall mean an “Event of Default” under and as defined in the Credit Agreement or any Other First Lien Agreement. 
 “Federal Securities Laws” has the meaning assigned to such term in Section 5.04. 
 “General Intangibles” means all “General Intangibles” as defined in the New York UCC, including all choses in action and causes of action and all other intangible personal
property of any Pledgor of every kind and nature (other than Accounts) now owned or hereafter acquired by any Pledgor, including corporate or other business records, indemnification claims, contract rights (including rights under leases, whether
entered into as lessor or lessee, Swap Agreements and other agreements), Intellectual Property, goodwill, registrations, franchises, tax refund claims and any letter of credit, guarantee, claim, security interest or other security held by or granted
to any Pledgor to secure payment by an Account Debtor of any of the Accounts. 
 “Intellectual Property” means
all intellectual and similar property of every kind and nature now owned or hereafter acquired by any Pledgor, including inventions, designs, Patents, Copyrights, Trademarks, Patent Licenses, Copyright Licenses, Trademark Licenses, trade secrets,
domain names, confidential or proprietary technical and business information, know-how, show-how or other data or information and all related documentation. 
 “Intercreditor Effective Date” shall mean the date on which the First Lien Intercreditor Agreement is first executed and delivered by the Administrative Agent and the Authorized
Representative of any Other First Lien Secured Parties. 
 “Loan Document Obligations” means (a) the due
and punctual payment by each Borrower of (i) the principal of and interest (including interest accruing during the pendency of

  

 3 

 
any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans and B/As, when and as due, whether at maturity,
by acceleration, upon one or more dates set for prepayment or otherwise, (ii) each payment required to be made by each Borrower under the Credit Agreement in respect of any Letter of Credit or B/A, when and as due, including payments in respect
of reimbursement of disbursements, interest thereon and obligations to provide cash collateral, and (iii) all other monetary obligations of each Borrower to any of the Secured Parties under the Credit Agreement and each of the other Loan
Documents, including obligations to pay fees, expense reimbursement obligations and indemnification obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any
bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), (b) the due and punctual performance of all other obligations of each Borrower under or pursuant to the Credit
Agreement and each of the other Loan Documents and (c) the due and punctual payment and performance of all the obligations of each other Loan Party under or pursuant to this Agreement and each of the other Loan Documents. 
 “Loan Party” means each of the U.S. Borrower, the Subsidiary Parties and each other Subsidiary of the U.S. Borrower that is
a party to the Credit Agreement or any other Loan Document as a pledgor or a guarantor. 
 “New York UCC” means
the Uniform Commercial Code as from time to time in effect in the State of New York. 
 “Obligations” means
(a) the Loan Document Obligations, (b) the due and punctual payment and performance of all obligations of each Loan Party under each Swap Agreement that (i) is in effect on the Closing Date with a counterparty that is a Lender or an
Affiliate of a Lender as of the Closing Date or (ii) is entered into after the Closing Date with any counterparty that is a Lender or an Affiliate of a Lender at the time such Swap Agreement is entered into, (c) the due and punctual
payment and performance of all obligations in respect of the Overdraft Line; provided that in no event shall the holders of the obligations referred to in this clause (c) have the right to receive proceeds in respect of a claim in excess
of $40.0 million in the aggregate (plus (i) any accrued and unpaid interest in respect of Indebtedness incurred by the U.S. Borrower and the Subsidiaries under the Overdraft Line and (ii) any accrued and unpaid fees and expenses owing by
the U.S. Borrower and the Subsidiaries under the Overdraft Line) from the enforcement of any remedies available to the Secured Parties under all of the Loan Documents and (d) the Other First Lien Obligations. 
 “Other First Lien Agreement” shall mean any indenture, credit agreement (excluding the Credit Agreement) or other
agreement, document or instrument pursuant to which any Pledgor has or will incur Other First Lien Obligations; provided that, in each case, the Indebtedness thereunder has been designated as Other First Lien Obligations pursuant to and in
accordance with Section 7.20. 
 “Other First Lien Obligations” means (a) the due and punctual
payment by the U.S. Borrower of (i) the unpaid principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of

  

 4 

 
whether allowed or allowable in such proceeding) on Indebtedness under any Other First Lien Agreement, when and as due, whether at maturity, by acceleration, upon one or more dates set for
prepayment or otherwise, and (ii) all other monetary obligations of the U.S. Borrower to any Secured Party under any Other First Lien Agreement, including obligations to pay fees, expense reimbursement obligations and indemnification
obligations, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or
allowable in such proceeding), (b) the due and punctual performance of all other obligations of the U.S. Borrower under or pursuant to any Other First Lien Agreement and (c) the due and punctual payment and performance of all the
obligations of each other Loan Party under or pursuant to any Other First Lien Agreement. 
 “Other First Lien Secured
Parties” means, collectively, the holders of Other First Lien Obligations and any Authorized Representative with respect thereto. 
 “Other First Lien Secured Party Consent” shall mean a consent in the form of Exhibit III to this Agreement executed by the Authorized Representative of any holders of Other First
Lien Obligations pursuant to Section 7.22. 
 “Patent License” means any written agreement, now or
hereafter in effect, granting to any Pledgor any right to make, use or sell any invention covered by a Patent, now or hereafter owned by any third party (including any such rights that such Pledgor has the right to license). 
 “Patents” means all of the following now owned or hereafter acquired by any Pledgor (or, as required in the context of the
definition of “Patent License,” any third party licensor): (a) all letters patent of the United States or the equivalent thereof in any other country, and all applications for letters patent of the United States or the equivalent
thereof in any other country, including those listed on Schedule IV, and (b) all reissues, continuations, divisions, continuations-in-part or extensions thereof, and the inventions disclosed or claimed therein, including the right
to make, use and/or sell the inventions disclosed or claimed therein. 
 “Perfection Certificate” means a
certificate substantially in the form of Exhibit II, completed and supplemented with the schedules and attachments contemplated thereby, and duly executed by an officer of each Pledgor. 
 “Permitted Liens” means, with respect to any asset, Liens that are (a) permitted to exist on such asset by
Section 6.02 of the Credit Agreement and (b) not prohibited by any Other First Lien Agreement. 
 “Pledged
Collateral” has the meaning assigned to such term in Section 3.01. 
 “Pledged Debt Securities”
has the meaning assigned to such term in Section 3.01. 
 “Pledged Securities” means any promissory notes,
stock certificates or other certificated securities now or hereafter included in the Pledged Collateral, including all certificates, instruments or other documents representing or evidencing any Pledged Collateral. 
  

 5 

 “Pledged Stock” has the meaning assigned to such term in Section 3.01.

 “Pledged ULC Shares” means Pledged Stock which are shares of a ULC. 
 “Pledgor” shall mean Holdings, the U.S. Borrower and each Subsidiary Party. 
 “Requirement of Law” means, with respect to any person, the common law and all federal, state, local and foreign laws,
rules and regulations, orders, judgments, decrees and other legal requirements or determinations of any Governmental Authority or arbitrator, applicable to or binding upon such person or any of its property or to which such person or any of its
property is subject. 
 “Rule 3-16 Excluded Collateral” has the meaning assigned to such term in
Section 3.01. 
 “Secured Parties” means (a) the Lenders, (b) the Administrative Agent,
(c) each Issuing Bank, (d) each counterparty to any Swap Agreement with a Loan Party the obligations under which constitute Obligations (other than Other First Lien Obligations), (e) the beneficiaries of each indemnification
obligation undertaken by any Loan Party under any Loan Document, (f) the providers of the Overdraft Line, the obligations in respect of which constitute Obligations (other than Other First Lien Obligations), (g) the Other First Lien
Secured Parties, if any, and (h) the successors and permitted assigns of each of the foregoing. 
 “Security
Documents” means this Agreement and the other First Lien Security Documents as defined in the First Lien Intercreditor Agreement (but with respect to the Obligations of any Series (as defined in the First Lien Intercreditor Agreement), the
term Security Documents shall not include any such other First Lien Security Document which by its terms is solely for the benefit of the holders of one or more other Series of Obligations and not such Series of Obligations). 
 “Security Interest” has the meaning assigned to such term in Section 4.01. 
 “Specified Excluded Collateral” shall mean (i) the Rule 3-16 Excluded Collateral and (ii) any assets owned
directly by Holdings or any Subsidiary of Holdings, other than the U.S. Borrower or any Subsidiary of the U.S. Borrower, included in the Collateral. 
 “Subsidiary Party” has the meaning assigned to such term in the preliminary statement of this Agreement. 
 “Trademark License” means any written agreement, now or hereafter in effect, granting to any Pledgor any right to use any Trademark now or hereafter owned by any third party (including
any such rights that such Pledgor has the right to license). 
 “Trademarks” means all of the following now
owned or hereafter acquired by any Pledgor (or, as required in the context of the definition of “Trademark License,” any third party licensor): (a) all trademarks, service marks, corporate names, company names, business names,
fictitious business names, trade styles, trade dress, logos, other source or business identifiers, designs and general intangibles of like nature, now existing or hereafter adopted or acquired, all

  

 6 

 
registrations thereof (if any), and all registration and recording applications filed in connection therewith, including registrations and registration applications in the United States Patent
and Trademark Office or any similar offices in any State of the United States or any other country or any political subdivision thereof, and all renewals thereof, including those listed on Schedule IV and (b) all goodwill associated
therewith or symbolized thereby. 
 “ULC” means an unlimited company existing under the laws of the Province of
Nova Scotia, Canada. 
 ARTICLE II. 
 [Intentionally Omitted] 
 ARTICLE III. 
 Pledge of Securities 
 SECTION 3.01. Pledge. As security for the payment or performance, as the case may be, in full of the Obligations, each Pledgor hereby (except in the case of Pledged ULC Shares) assigns and (in all
cases) pledges to the Applicable First Lien Representative, its successors and permitted assigns, for the ratable benefit of the Secured Parties, and hereby grants to the Applicable First Lien Representative, its successors and permitted assigns,
for the ratable benefit of the Secured Parties, and confirms its prior grants to the Applicable First Lien Representative for the benefit of the Secured Parties in existence at the time of such grants, a security interest in all of such
Pledgor’s right, title and interest in, to and under (a) the Equity Interests directly owned by it (which such Equity Interests constituting Pledged Stock shall be listed on Schedule III) and any other Equity Interests obtained in the
future by such Pledgor and any certificates representing all such Equity Interests; provided that the Pledged Stock shall not include (i) to the extent such pledge is made as security for the payment or performance, as the case may be,
of the Obligations of any Domestic Loan Party, more than 65% of the issued and outstanding voting Equity Interests of any Foreign Subsidiary, which pledge, except in the case of a pledge of Pledged ULC Shares, shall be duly noted on the share
register, if any, of such Foreign Subsidiary, (ii) any Equity Interests with respect to which the Collateral and Guarantee Requirement or the other paragraphs of Section 5.10 of the Credit Agreement need not be satisfied by reason of
Section 5.10(g) of the Credit Agreement, (iii) any Equity Interests of a Subsidiary to the extent that, as of the Closing Date, and for so long as, such a pledge of such Equity Interests would violate a contractual obligation binding on or
relating to such Equity Interests, (iv) any Equity Interests of any Indenture Restricted Subsidiary owned by the U.S. Borrower or any Indenture Restricted Subsidiary or (v) any Equity Interests of the U.S. Borrower following a Qualified
IPO (the Equity Interests pledged pursuant to this clause (a), the “Pledged Stock”); (b)(i) the debt securities currently issued to any Pledgor (which such debt securities constituting Pledged Debt Securities shall be
listed on Schedule III), (ii) any debt securities in the future issued to such Pledgor and (iii) the promissory notes and any other instruments, if any, evidencing such debt securities; provided that the Pledged Debt Securities
shall not include debt securities (A) issued by any Indenture Restricted Subsidiary to the U.S. Borrower or any Indenture Restricted Subsidiary or (B) issued by any Foreign Subsidiary to the U.S. Borrower or a Domestic Subsidiary, in the
case of this clause (B), for so long as the pledge of such

  

 7 

 
Indebtedness would be deemed an incurrence of Indebtedness under any of the Existing Notes Documents or the New 1-1/2 Lien Notes Documents (the debt securities pledged pursuant to this
clause (b), the “Pledged Debt Securities”); (c) subject to Section 3.06, all payments of principal or interest, dividends, cash, instruments and other property from time to time received, receivable or otherwise
distributed in respect of, in exchange for or upon the conversion of, and all other proceeds received in respect of, the securities referred to in clauses (a) and (b) above; (d) subject to Section 3.06, all rights and privileges
of such Pledgor with respect to the securities and other property referred to in clauses (a), (b) and (c) above; and (e) all proceeds of any of the foregoing (the items referred to in clauses (a) through (e) above being
collectively referred to as the “Pledged Collateral”). 
 Notwithstanding anything else contained in this
Agreement, to the extent this paragraph is expressly made applicable with respect to any Other First Lien Obligations pursuant to the terms of any Other First Lien Agreement, in the event that Rule 3-16 of Regulation S-X under the Securities Act of
1933, as amended (“Rule 3-16”), as amended, modified or interpreted by the Securities Exchange Commission (“SEC”), would require (or is replaced with another rule or regulation, or any other law, rule or regulation
is adopted, which would require) the filing with the SEC (or any other Governmental Authority) of separate financial statements of any Subsidiary of the Borrowers due to the fact that such Subsidiary’s Equity Interests secure the Other First
Lien Obligations affected thereby, then the Equity Interests of such Subsidiary (the “Rule 3-16 Excluded Collateral”) will automatically be deemed not to be part of the Collateral securing the relevant Other First Lien Obligations
affected thereby but only to the extent necessary to not be subject to such requirement and only for so long as required to not be subject to such requirement. In such event, this Agreement may be amended or modified, without the consent of any
Secured Party, to the extent necessary to release the Lien on the Rule 3-16 Excluded Collateral in favor of the Applicable First Lien Representative with respect to the relevant Other First Lien Obligations only. In the event that Rule 3-16 is
amended, modified or interpreted by the SEC to permit (or is replaced with another rule or regulation, or any other law, rule or regulation is adopted, which would permit) any Rule 3-16 Excluded Collateral to secure the Other First Lien Obligations
in excess of the amount then pledged without the filing with the SEC (or any other Governmental Authority) of separate financial statements of such Subsidiary, then the Equity Interests of such Subsidiary will automatically be deemed to be a part of
the Collateral for the relevant Other First Lien Obligations. For the avoidance of doubt and notwithstanding anything to the contrary in this Agreement, nothing in this paragraph shall limit the pledge of such Equity Interests and other securities
from securing the Obligations (other than the Other First Lien Obligations) at all relevant times or from securing any Other First Lien Obligations that are not in respect of securities subject to regulation by the SEC. To the extent any proceeds of
any collection or sale of Equity Interests deemed by this paragraph to no longer constitute part of the Collateral for the relevant Other First Lien Obligations are to be applied by the Applicable First Lien Representative in accordance with
Section 5.02 hereof, such proceeds shall, notwithstanding the terms of Section 5.02 and the First Lien Intercreditor Agreement, not be applied to the payment of such Other First Lien Obligations. 
 TO HAVE AND TO HOLD the Pledged Collateral, together with all right, title, interest, powers, privileges and preferences pertaining or
incidental thereto, unto the Applicable First Lien Representative, its successors and permitted assigns, for the ratable benefit of the Secured Parties, forever; subject, however, to the terms, covenants and conditions hereinafter set
forth. 
  

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 SECTION 3.02. Delivery of the Pledged Collateral. (a) Each Pledgor agrees
promptly to deliver or cause to be delivered to the Applicable First Lien Representative, for the ratable benefit of the Secured Parties, any and all Pledged Securities to the extent such Pledged Securities, in the case of promissory notes or other
instruments evidencing Indebtedness, are required to be delivered pursuant to paragraph (b) of this Section 3.02. 
 (b) Each Pledgor will cause any Pledged Debt Security or other Indebtedness for borrowed money (i) having an aggregate principal amount in excess of $15,000,000 or (ii) payable by the U.S. Borrower or any Subsidiary (other than,
in the case of this clause (ii), any such Indebtedness referred to in clause (A) or (B) of the proviso to Section 3.01(b) and intercompany Indebtedness incurred in the ordinary course of business in connection with the cash
management operations and intercompany sales of the U.S. Borrower and each Subsidiary) owed to such Pledgor by any person to be evidenced by a duly executed promissory note that is pledged and delivered to the Applicable First Lien Representative,
for the ratable benefit of the Secured Parties, pursuant to the terms hereof. To the extent any such promissory note is a demand note, each Pledgor party thereto agrees, if requested by the Applicable First Lien Representative, to immediately demand
payment thereunder upon an Event of Default specified under Section 7.01(b), (c), (f), (h) or (i) of the Credit Agreement or any equivalent provision under any Other First Lien Agreement. 
 (c) Upon delivery to the Applicable First Lien Representative, (i) any Pledged Securities required to be delivered pursuant to the
foregoing paragraphs (a) and (b) of this Section 3.02 shall be accompanied by stock powers or note powers, as applicable, duly executed in blank or other instruments of transfer reasonably satisfactory to the Applicable First Lien
Representative and by such other instruments and documents as the Applicable First Lien Representative may reasonably request and (ii) all other property composing part of the Pledged Collateral delivered pursuant to the terms of this Agreement
shall be accompanied to the extent necessary to perfect the security interest in or allow realization on the Pledged Collateral by proper instruments of assignment duly executed by the applicable Pledgor and such other instruments or documents
(including issuer acknowledgments in respect of uncertificated securities) as the Applicable First Lien Representative may reasonably request. Each delivery of Pledged Securities shall be accompanied by a schedule describing the securities, which
schedule shall be attached hereto as Schedule III and made a part hereof; provided that failure to attach any such schedule hereto shall not affect the validity of such pledge of such Pledged Securities. Each schedule so delivered
shall supplement any prior schedules so delivered. 
 SECTION 3.03. Representations, Warranties and Covenants. The
Pledgors, jointly and severally, represent, warrant and covenant to and with the Applicable First Lien Representative, for the ratable benefit of the Secured Parties, that: 
 (a) Schedule III correctly sets forth the percentage of the issued and outstanding shares of each class of the
Equity Interests of the issuer thereof represented by such Pledged Stock and includes all Equity Interests, debt securities and promissory

  

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notes or instruments evidencing Indebtedness required to be (i) pledged in order to satisfy the Collateral and Guarantee Requirement or (ii) delivered pursuant to Section 3.02(b);

 (b) the Pledged Stock, to the best of each Pledgor’s knowledge, has been duly and validly authorized and
issued by the issuers thereof and is fully paid and nonassessable, subject to the assessability of the Pledged ULC Shares under the Companies Act (Nova Scotia); 
 (c) except for the security interests granted hereunder (or otherwise permitted under the Credit Agreement and the other Loan
Documents and not prohibited by any Other First Lien Agreement), each Pledgor (i) is and, subject to any transfers made in compliance with the Credit Agreement and any Other First Lien Agreement, will continue to be the direct owner,
beneficially and of record, of the Pledged Securities indicated on Schedule III as owned by such Pledgor, (ii) holds the same free and clear of all Liens, other than Permitted Liens and Liens not prohibited by any Other First Lien
Agreement, (iii) will make no assignment, pledge, hypothecation or transfer of, or create or permit to exist any security interest in or other Lien on, the Pledged Collateral, other than pursuant to a transaction permitted by the Credit
Agreement and any Other First Lien Agreement and other than Permitted Liens and, after Discharge of Credit Agreement Obligations, Liens not prohibited by any Other First Lien Agreement, and (iv) subject to the rights of such Pledgor under the
Loan Documents to dispose of Pledged Collateral, will use commercially reasonable efforts to defend its title or interest thereto or therein against any and all Liens (other than Permitted Liens and Liens not prohibited by any Other First Lien
Agreement), however arising, of all persons; 
 (d) other than as set forth in the Credit Agreement or the
schedules thereto, or, after the Discharge of Credit Agreement Obligations, as set forth in any Other First Lien Agreement, and except for restrictions and limitations imposed by the Loan Documents, any Other First Lien Agreement, the Existing Notes
Documents or the New 1-1/2 Lien Notes Documents or securities laws generally, or otherwise permitted to exist pursuant to the Credit Agreement, any Other First Lien Agreement, and the New 1-1/2 Lien Notes Documents, the Pledged Collateral is and
will continue to be freely transferable and assignable, and none of the Pledged Collateral is or will be subject to any option, right of first refusal, shareholders agreement, charter, by-law, memorandum of association or articles of association
provisions or contractual restriction of any nature, other than restrictions on transfer in the articles of association of a ULC, that might prohibit, impair, delay or otherwise affect the pledge of such Pledged Collateral hereunder, the sale or
disposition thereof pursuant hereto or the exercise by the Applicable First Lien Representative of rights and remedies hereunder; 
 (e) each Pledgor has the power and authority to pledge the Pledged Collateral pledged by it hereunder in the manner hereby done or contemplated; 
 (f) other than as set forth in the Credit Agreement, the schedules thereto, or, after the Discharge of Credit Agreement
Obligations, as set forth in any Other First Lien Agreement, no consent or approval of any Governmental Authority, any securities

  

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exchange or any other person was or is necessary to the validity of the pledge effected hereby (other than such as have been obtained and are in full force and effect); 
 (g) by virtue of the execution and delivery by the Pledgors of this Agreement and the Foreign Pledge Agreements, when any
Pledged Securities (excluding any foreign stock not covered by a Foreign Pledge Agreement) are delivered to the Applicable First Lien Representative, for the ratable benefit of the Secured Parties, in accordance with this Agreement, the Applicable
First Lien Representative will obtain, for the ratable benefit of the Secured Parties, a legal, valid and perfected lien upon and security interest in such Pledged Securities, subject only to Permitted Liens (or, after Discharge of Credit Agreement
Obligations, Liens not prohibited by any Other First Lien Agreement) or Liens arising by operation of law, as security for the payment and performance of the Obligations; 
 (h) the U.S. Borrower will notify the Applicable First Lien Representative if it shall, at any time after the Intercreditor
Effective Date, become aware that the SEC (or any other Governmental Authority) shall have ruled that any securities held by any Pledgor constitute Rule 3-16 Excluded Collateral; and 
 (i) the pledge effected hereby is effective to vest in the Applicable First Lien Representative, for the ratable benefit of
the Secured Parties, the rights of the Applicable First Lien Representative in the Pledged Collateral as set forth herein. 
 SECTION 3.04. Certification of Limited Liability Company and Limited Partnership Interests. (a) Each interest in any limited liability company or limited partnership Controlled by any Pledgor, pledged hereunder and represented
by a certificate, shall be a “security” within the meaning of Article 8 of the New York UCC and shall be governed by Article 8 of the New York UCC, and each such interest shall at all times hereafter be represented by a
certificate. 
 (b) Each interest in any limited liability company or limited partnership Controlled by a Pledgor, pledged
hereunder and not represented by a certificate shall not be a “security” within the meaning of Article 8 of the New York UCC and shall not be governed by Article 8 of the New York UCC, and the Pledgors shall at no time elect to treat
any such interest as a “security” within the meaning of Article 8 of the New York UCC or issue any certificate representing such interest, unless the applicable Pledgor provides prior written notification to the Applicable First Lien
Representative of such election and immediately delivers any such certificate to the Applicable First Lien Representative pursuant to the terms hereof. 
 SECTION 3.05. Registration in Nominee Name; Denominations. The Applicable First Lien Representative, on behalf of the Secured Parties, shall have the right (in its sole and absolute discretion) to
hold the Pledged Securities in the name of the applicable Pledgor, endorsed or assigned in blank or, except in the case of the Pledged ULC Shares, in favor of the Applicable First Lien Representative or, except in the case of Pledged ULC Shares, if
an Event of Default shall have occurred and be continuing, in its own name as pledgee or the name of its nominee (as pledgee or as sub-agent). Upon the occurrence of an Event of Default, each Pledgor will promptly give to the Applicable First Lien
Representative copies of any notices or

  

 11 

 
other communications received by it with respect to Pledged Securities registered in the name of such Pledgor. If an Event of Default shall have occurred and be continuing, the Applicable First
Lien Representative shall have the right to exchange the certificates representing Pledged Securities for certificates of smaller or larger denominations for any purpose consistent with this Agreement. Each Pledgor shall use its commercially
reasonable efforts to cause any Subsidiary that is not a party to this Agreement to comply with a request by the Applicable First Lien Representative, pursuant to this Section 3.05, to exchange certificates representing Pledged Securities of
such Subsidiary for certificates of smaller or larger denominations. 
 SECTION 3.06. Voting Rights; Dividends and Interest,
etc. (a) Unless and until an Event of Default shall have occurred and be continuing and the Applicable First Lien Representative shall have given notice to the relevant Pledgors of the Applicable First Lien Representative’s intention
to exercise its rights hereunder: 
 (i) Each Pledgor shall be entitled to exercise any and all voting and/or
other consensual rights and powers inuring to an owner of Pledged Collateral or any part thereof for any purpose consistent with the terms of this Agreement, the Credit Agreement, the other Loan Documents and any Other First Lien Agreement;
provided that, except as permitted under the Credit Agreement or, after the Discharge of Credit Agreement Obligations, any Other First Lien Agreement, such rights and powers shall not be exercised in any manner that could materially and
adversely affect the rights and remedies of any of the Applicable First Lien Representative or the other Secured Parties under this Agreement, the Credit Agreement, any other Loan Document or any Other First Lien Agreement or the ability of the
Secured Parties to exercise the same. 
 (ii) The Applicable First Lien Representative shall promptly execute and
deliver to each Pledgor, or cause to be executed and delivered to such Pledgor, all such proxies, powers of attorney and other instruments as such Pledgor may reasonably request for the purpose of enabling such Pledgor to exercise the voting and/or
consensual rights and powers it is entitled to exercise pursuant to subparagraph (i) above. 
 (iii) Each
Pledgor shall be entitled to receive and retain any and all dividends, interest, principal and other distributions paid on or distributed in respect of the Pledged Collateral to the extent and only to the extent that such dividends, interest,
principal and other distributions are permitted by, and otherwise paid or distributed in accordance with, the terms and conditions of the Credit Agreement, the other Loan Documents or any Other First Lien Agreement and applicable laws;
provided that any noncash dividends, interest, principal or other distributions that would constitute Pledged Securities, whether resulting from a subdivision, combination or reclassification of the outstanding Equity Interests of the issuer
of any Pledged Securities or received in exchange for Pledged Securities or any part thereof, or in redemption thereof, or as a result of any merger, consolidation, acquisition or other exchange of assets to which such issuer may be a party or
otherwise, shall be and become part of the Pledged Collateral, and, if received by any Pledgor, shall not be commingled by such Pledgor with any of its other funds or property but shall be held separate and apart therefrom, shall be held in trust
for the benefit of the Applicable First Lien Representative, for the ratable benefit of the Secured Parties, and shall be forthwith delivered to the Applicable First Lien

  

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Representative, for the ratable benefit of the Secured Parties, in the same form as so received (endorsed in a manner reasonably satisfactory to the Applicable First Lien Representative).

 (b) Except in the case of Pledged ULC Shares (in which case the Pledgors shall maintain all membership rights described
herein until they cease to be registered as members of the applicable ULC), upon the occurrence and during the continuance of an Event of Default and after notice by the Applicable First Lien Representative to the relevant Pledgors of the Applicable
First Lien Representative’s intention to exercise its rights hereunder, all rights of any Pledgor to dividends, interest, principal or other distributions that such Pledgor is authorized to receive pursuant to paragraph (a)(iii) of this
Section 3.06 shall cease, and all such rights shall thereupon become vested, for the ratable benefit of the Secured Parties, in the Applicable First Lien Representative, which shall have the sole and exclusive right and authority to receive and
retain such dividends, interest, principal or other distributions. All dividends, interest, principal or other distributions received by any Pledgor contrary to the provisions of this Section 3.06 shall not be commingled by such Pledgor with
any of its other funds or property but shall be held separate and apart therefrom, shall be held in trust for the benefit of the Applicable First Lien Representative, for the ratable benefit of the Secured Parties, and shall be forthwith delivered
to the Applicable First Lien Representative, for the ratable benefit of the Secured Parties, in the same form as so received (endorsed in a manner reasonably satisfactory to the Applicable First Lien Representative). Any and all money and other
property paid over to or received by the Applicable First Lien Representative pursuant to the provisions of this paragraph (b) shall be retained by the Applicable First Lien Representative in an account to be established by the Applicable First
Lien Representative upon receipt of such money or other property and shall be applied in accordance with the provisions of Section 5.02. After all Events of Default have been cured or waived and the U.S. Borrower has delivered to the Applicable
First Lien Representative a certificate to that effect, the Applicable First Lien Representative shall promptly repay to each Pledgor (without interest) all dividends, interest, principal or other distributions that such Pledgor would otherwise be
permitted to retain pursuant to the terms of paragraph (a)(iii) of this Section 3.06 and that remain in such account. 
 (c) Except in the case of Pledged ULC Shares (in which case the Pledgors shall maintain all membership rights described herein until they cease to be registered as members of the applicable ULC), upon the occurrence and during the
continuance of an Event of Default and after notice by the Applicable First Lien Representative to the relevant Pledgors of the Applicable First Lien Representative’s intention to exercise its rights hereunder, all rights of any Pledgor to
exercise the voting and/or consensual rights and powers it is entitled to exercise pursuant to paragraph (a)(i) of this Section 3.06, and the obligations of the Applicable First Lien Representative under paragraph (a)(ii) of this
Section 3.06, shall cease, and all such rights shall thereupon become vested in the Applicable First Lien Representative, for the ratable benefit of the Secured Parties, which shall have the sole and exclusive right and authority to exercise
such voting and consensual rights and powers; provided that, unless otherwise directed by the Required Lenders, the Applicable First Lien Representative shall have the right from time to time following and during the continuance of an Event
of Default to permit the Pledgors to exercise such rights. 
  

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 (d) Any notice given by the Applicable First Lien Representative to the Pledgors suspending
their rights under paragraph (a) of this Section 3.06 (i) may be given by telephone if promptly confirmed in writing, (ii) may be given to one or more of the Pledgors at the same or different times and (iii) may suspend the
rights of the Pledgors under paragraph (a)(i) or paragraph (a)(iii) in part without suspending all such rights (as specified by the Applicable First Lien Representative in its sole and absolute discretion) and without waiving or otherwise
affecting the Applicable First Lien Representative’s rights to give additional notices from time to time suspending other rights so long as an Event of Default has occurred and is continuing. 
 ARTICLE IV. 
 Security Interests in Personal Property 
 SECTION 4.01. Security Interest. (a) As security for the
payment or performance, as the case may be, in full of the Obligations, each Pledgor hereby assigns and pledges to the Applicable First Lien Representative, its successors and assigns, for the ratable benefit of the Secured Parties, and hereby
grants to the Applicable First Lien Representative, its successors and assigns, for the ratable benefit of the Secured Parties, and confirms its prior grants to the Applicable First Lien Representative for the benefit of the Secured Parties in
existence at the time of such grants, a security interest (the “Security Interest”) in all right, title and interest in or to any and all of the following assets and properties now owned or at any time hereafter acquired by such
Pledgor or in which such Pledgor now has or at any time in the future may acquire any right, title or interest (collectively, the “Article 9 Collateral”): 
 (i) all Accounts; 
 (ii) all Chattel Paper; 
 (iii) all cash and Deposit Accounts;

 (iv) all Documents; 
 (v) all Equipment; 
 (vi) all General Intangibles; 
 (vii) all Instruments; 

(viii) all Intellectual Property; 
 (ix) all Inventory; 
 (x) all Investment Property; 
 (xi) all Letter of Credit Rights;

 (xii) all Commercial Tort Claims as described on Schedule II hereto; 
  

 14 

 (xiii) all books and records pertaining to the Article 9 Collateral;
and 
 (xiv) to the extent not otherwise included, all proceeds, Supporting Obligations and products of any and
all of the foregoing and all collateral security and guarantees given by any person with respect to any of the foregoing. 
 Notwithstanding
anything to the contrary in this Agreement, this Agreement shall not constitute a grant of a security interest in (and the Article 9 Collateral shall not include) (a) any vehicle covered by a certificate of title or ownership, (b) any
assets with respect to which the Collateral and Guarantee Requirement or the other paragraphs of Section 5.10 of the Credit Agreement need not be satisfied by reason of Section 5.10(g) of the Credit Agreement, (c) any Letter of Credit
Rights to the extent any Pledgor is required by applicable law to apply the proceeds of a drawing of such Letter of Credit for a specified purpose, (d) any Equity Interests or debt securities excluded from the pledge made pursuant to
Section 3.01 hereof (e) any Rule 3-16 Excluded Collateral solely to the extent and with respect to the obligations described in the last paragraph of Section 3.01, (f) any Pledgor’s right, title or interest in any license,
contract or agreement to which such Pledgor is a party or any of its right, title or interest thereunder to the extent, but only to the extent, that such a grant would, under the terms of such license, contract or agreement, result in a breach of
the terms of, or constitute a default under, any license, contract or agreement to which such Pledgor is a party (other than to the extent that any such term would be rendered ineffective pursuant to Section 9-406, 9-408 or 9-409 of the New
York UCC or any other applicable law (including Title 11 of the United States Code) or principles of equity); provided, that immediately upon the ineffectiveness, lapse or termination of any such provision, the Collateral shall include,
and such Pledgor shall be deemed to have granted a security interest in, all such rights and interests as if such provision had never been in effect or (g) any Equipment or other asset owned by any Pledgor that is subject to a purchase money
lien or a Capitalized Lease Obligation, in each case, as permitted under the Credit Agreement, if the contract or other agreement in which such Lien is granted (or the documentation providing for such Capitalized Lease Obligation) prohibits or
requires the consent of any person other than the Pledgors as a condition to the creation of any other security interest on such Equipment and, in each case, such prohibition or requirement is permitted under the Credit Agreement. 
 (b) Each Pledgor hereby irrevocably authorizes the Applicable First Lien Representative at any time and from time to time to file in any
relevant jurisdiction any initial financing statements (including fixture filings) with respect to the Article 9 Collateral or any part thereof and amendments thereto that contain the information required by Article 9 of the Uniform
Commercial Code of each applicable jurisdiction for the filing of any financing statement or amendment, including (i) whether such Pledgor is an organization, the type of organization and any organizational identification number issued to such
Pledgor, (ii) in the case of a financing statement filed as a fixture filing, a sufficient description of the real property to which such Article 9 Collateral relates and (iii) a description of collateral that describes such property
in any other manner as the Applicable First Lien Representative may reasonably determine is necessary or advisable to ensure the perfection of the security interest in the Article 9 Collateral granted under this Agreement, including describing
such property as “all assets” or “all property”. Each Pledgor agrees to provide such information to the Applicable First Lien Representative promptly upon request. 
  

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 The Applicable First Lien Representative is further authorized to file with the United
States Patent and Trademark Office or United States Copyright Office (or any successor office or any similar office in any other country) such documents as may be necessary or advisable for the purpose of perfecting, confirming, continuing,
enforcing or protecting the Security Interest granted by each Pledgor, without the signature of any Pledgor, and naming any Pledgor or the Pledgors as debtors and the Applicable First Lien Representative as secured party. 
 (c) The Security Interest is granted as security only and shall not subject the Applicable First Lien Representative or any other Secured
Party to, or in any way alter or modify, any obligation or liability of any Pledgor with respect to or arising out of the Article 9 Collateral. 
 SECTION 4.02. Representations and Warranties. The Pledgors jointly and severally represent and warrant to the Applicable First Lien Representative and the Secured Parties that: 
 (a) Each Pledgor has good and valid rights in and title to the Article 9 Collateral with respect to which it has purported to grant a
Security Interest hereunder and has full power and authority to grant to the Applicable First Lien Representative the Security Interest in such Article 9 Collateral pursuant hereto and to execute, deliver and perform its obligations in
accordance with the terms of this Agreement, without the consent or approval of any other person other than any consent or approval that has been obtained and is in full force and effect or has otherwise been disclosed herein or in the Credit
Agreement and the Schedules thereto or, after the Discharge of Credit Agreement Obligations, in any Other First Lien Agreement or any offering circular related thereto. 
 (b) The Perfection Certificate has been duly prepared, completed and executed and the information set forth therein, including the exact legal name of each Pledgor, is correct and complete, in all
material respects, as of the date hereof. Uniform Commercial Code financing statements (including fixture filings, as applicable) or other appropriate filings, recordings or registrations containing a description of the Article 9 Collateral
have been prepared by the Applicable First Lien Representative based upon the information provided to the Applicable First Lien Representative in the Perfection Certificate for filing in each governmental, municipal or other office specified in
Schedule 7 to the Perfection Certificate (or specified by notice from the U.S. Borrower to the Applicable First Lien Representative after the date hereof in the case of filings, recordings or registrations required by Section 5.10
of the Credit Agreement, or, after the Discharge of Credit Agreement Obligations, any equivalent provision of any Other First Lien Agreement), and constitute all the filings, recordings and registrations (other than filings required to be made in
the United States Patent and Trademark Office and the United States Copyright Office in order to perfect the Security Interest in Article 9 Collateral consisting of United States Patents, United States registered Trademarks and United States
registered Copyrights) that are necessary to publish notice of and protect the validity of and to establish a legal, valid and perfected security interest in favor of the Applicable First Lien Representative (for the ratable benefit of the Secured
Parties) in respect of all Article 9 Collateral in which the Security Interest may be perfected by filing, recording or registration in the United States (or any political subdivision thereof) and its territories and possessions, and no further
or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary in

  

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any such jurisdiction, except as provided under applicable law with respect to the filing of continuation statements or amendments. Each Pledgor represents and warrants that a fully executed
agreement in the form hereof (or a short form hereof which form shall be reasonably acceptable to the Applicable First Lien Representative) containing a description of all Article 9 Collateral consisting of Intellectual Property with respect to
Patents (and Patents for which registration applications are pending), registered Trademarks (and Trademarks for which registration applications are pending) and registered Copyrights (and Copyrights for which registration applications are pending)
has been delivered to the Applicable First Lien Representative for recording with, in the case of United States Patents, Trademarks, Copyrights and applications, the United States Patent and Trademark Office and the United States Copyright Office
pursuant to 35 U.S.C. § 261, 15 U.S.C. § 1060 or 17 U.S.C. § 205 and the regulations thereunder, as applicable, or, in the case of non-United States Patents, Trademarks, Copyrights and applications, the appropriate
non-U.S. office, and otherwise as may be reasonably requested by the Applicable First Lien Representative, to protect the validity of and to establish a legal, valid and perfected security interest in favor of the Applicable First Lien
Representative, for the ratable benefit of the Secured Parties, in respect of all Article 9 Collateral consisting of such Intellectual Property in which a security interest may be perfected by recording with the United States Patent and
Trademark Office and the United States Copyright Office, and no further or subsequent filing, refiling, recording, rerecording, registration or reregistration is necessary (other than such actions as are necessary to perfect the Security Interest
with respect to any Article 9 Collateral consisting of Patents, Trademarks and Copyrights (or registration or application for registration thereof) acquired or developed after the date hereof). 
 (c) The Security Interest constitutes (i) a legal and valid security interest in all the Article 9 Collateral securing the payment
and performance of the Obligations, (ii) subject to the filings described in Section 4.02(b), a perfected security interest in all Article 9 Collateral in which a security interest may be perfected by filing, recording or registering
a financing statement or analogous document in the United States (or any political subdivision thereof) and its territories and possessions pursuant to the Uniform Commercial Code or other applicable law in such jurisdictions and (iii) subject
to Section 4.02(b), a security interest that shall be perfected in all Article 9 Collateral in which a security interest may be perfected upon the receipt and recording of this Agreement (or a short form hereof) with the United States
Patent and Trademark Office and the United States Copyright Office, as applicable. The Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral other than Permitted Liens (excluding Second-Priority Liens) or
Liens arising by operation of law. 
 (d) The Article 9 Collateral is owned by the Pledgors free and clear of any Lien,
other than Permitted Liens and, after Discharge of Credit Agreement Obligations, Liens not prohibited by any Other First Lien Agreement or Liens arising by operation of law. None of the Pledgors has filed or consented to the filing of (i) any
financing statement or analogous document under the Uniform Commercial Code or any other applicable laws covering any Article 9 Collateral, (ii) any assignment in which any Pledgor assigns any Article 9 Collateral or any security
agreement or similar instrument covering any Article 9 Collateral with the United States Patent and Trademark Office or the United States Copyright Office or (iii) any assignment in which any Pledgor assigns any Article 9 Collateral
or any security agreement or similar instrument covering any Article 9 Collateral with any foreign governmental, municipal or other office, which financing statement or analogous document, assignment, security agreement or

  

 17 

 
similar instrument is still in effect, except, in each case, for Permitted Liens and, after Discharge of Credit Agreement Obligations, Liens not prohibited by any Other First Lien Agreement.

 (e) None of the Pledgors holds any Commercial Tort Claim individually in excess of $5,000,000 as of the date hereof except as
indicated on the Perfection Certificate. 
 (f) Except as set forth in the Perfection Certificate, as of the date hereof, all
Accounts owned by the Pledgors have been originated by the Pledgors and all Inventory owned by the Pledgors has been acquired by the Pledgors in the ordinary course of business. 
 SECTION 4.03. Covenants. (a) Each Pledgor agrees to promptly notify the Applicable First Lien Representative in writing of any
change (i) in its corporate name, (ii) in its identity or type of organization or corporate structure, (iii) in its Federal Taxpayer Identification Number or organizational identification number or (iv) in its jurisdiction of
organization. Each Pledgor agrees promptly to provide the Applicable First Lien Representative with certified organizational documents reflecting any of the changes described in the immediately preceding sentence. Each Pledgor agrees not to effect
or permit any change referred to in the first sentence of this paragraph (a) unless all filings have been made under the Uniform Commercial Code or otherwise that are required in order for the Applicable First Lien Representative to continue at
all times following such change to have a valid, legal and perfected first priority security interest in all the Article 9 Collateral, for the ratable benefit of the Secured Parties. Each Pledgor agrees to promptly notify the Applicable First
Lien Representative if any material portion of the Article 9 Collateral owned or held by such Pledgor is damaged or destroyed. 
 (b) Subject to the rights of such Pledgor under the Loan Documents to dispose of Collateral, each Pledgor shall, at its own expense, use commercially reasonable efforts to defend title to the Article 9 Collateral against all persons
and to defend the Security Interest of the Applicable First Lien Representative, for the ratable benefit of the Secured Parties, in the Article 9 Collateral and the priority thereof against any Lien that is not a Permitted Lien or a Lien
prohibited by any Other First Lien Agreement and to defend the priority thereof against any Second-Priority Lien. 
 (c) Each
Pledgor agrees, at its own expense, to execute, acknowledge, deliver and cause to be duly filed all such further instruments and documents and take all such actions as the Applicable First Lien Representative may from time to time reasonably request
to better assure, preserve, protect and perfect the Security Interest and the rights and remedies created hereby, including the payment of any fees and taxes required in connection with the execution and delivery of this Agreement and the granting
of the Security Interest and the filing of any financing statements (including fixture filings) or other documents in connection herewith or therewith. If any amount payable under or in connection with any of the Article 9 Collateral that is in
excess of $15,000,000 shall be or become evidenced by any promissory note or other instrument, such note or instrument shall be promptly pledged and delivered to the Applicable First Lien Representative, for the ratable benefit of the Secured
Parties, duly endorsed in a manner reasonably satisfactory to the Applicable First Lien Representative. 
 Without limiting the
generality of the foregoing, each Pledgor hereby authorizes the Applicable First Lien Representative, with prompt notice thereof to the Pledgors, to

  

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supplement this Agreement by supplementing Schedule IV or adding additional schedules hereto to specifically identify any asset or item that may constitute Copyrights, Licenses, Patents or
Trademarks; provided that any Pledgor shall have the right, exercisable within 90 days after it has been notified by the Applicable First Lien Representative of the specific identification of such Collateral, to advise the Applicable
First Lien Representative in writing of any inaccuracy of the representations and warranties made by such Pledgor hereunder with respect to such Collateral. Each Pledgor agrees that it will use its commercially reasonable efforts to take such action
as shall be necessary in order that all representations and warranties hereunder shall be true and correct with respect to such Collateral within 90 days after the date it has been notified by the Applicable First Lien Representative of the specific
identification of such Collateral. 
 (d) After the occurrence of an Event of Default and during the continuance thereof, the
Applicable First Lien Representative shall have the right to verify under reasonable procedures the validity, amount, quality, quantity, value, condition and status of, or any other matter relating to, the Article 9 Collateral, including, in
the case of Accounts or Article 9 Collateral in the possession of any third person, by contacting Account Debtors or the third person possessing such Article 9 Collateral for the purpose of making such a verification. The Applicable First
Lien Representative shall have the right to share any information it gains from such inspection or verification with any Secured Party. 
 (e) At its option, the Applicable First Lien Representative may discharge any past due taxes, assessments, charges, fees, Liens, security interests or other encumbrances at any time levied or placed on
the Article 9 Collateral and that is not a Permitted Lien or a Lien not prohibited by any Other First Lien Agreement, and may pay for the maintenance and preservation of the Article 9 Collateral to the extent any Pledgor fails to do so as
required by the Credit Agreement, this Agreement or any Other First Lien Agreement, and each Pledgor jointly and severally agrees to reimburse the Applicable First Lien Representative on demand for any reasonable payment made or any reasonable
expense incurred by the Applicable First Lien Representative pursuant to the foregoing authorization; provided, however, that nothing in this Section 4.03(e) shall be interpreted as excusing any Pledgor from the performance of, or
imposing any obligation on the Applicable First Lien Representative or any Secured Party to cure or perform, any covenants or other promises of any Pledgor with respect to taxes, assessments, charges, fees, Liens, security interests or other
encumbrances and maintenance as set forth herein or in the other Loan Documents. 
 (f) Each Pledgor (rather than the Applicable
First Lien Representative or any Secured Party) shall remain liable for the observance and performance of all the conditions and obligations to be observed and performed by it under each contract, agreement or instrument relating to the
Article 9 Collateral and each Pledgor jointly and severally agrees to indemnify and hold harmless the Applicable First Lien Representative and the Secured Parties from and against any and all liability for such performance. 
 (g) None of the Pledgors shall make or permit to be made an assignment, pledge or hypothecation of the Article 9 Collateral or shall
grant any other Lien in respect of the Article 9 Collateral, except as expressly permitted by the Credit Agreement and not prohibited by any Other First Lien Agreement. None of the Pledgors shall make or permit to be made any transfer of the
Article 9 Collateral and each Pledgor shall remain at all times in possession of the

  

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Article 9 Collateral owned by it, except as permitted by the Credit Agreement and not prohibited by any Other First Lien Agreement. Notwithstanding the foregoing, if the Applicable First
Lien Representative shall have notified the Pledgors that an Event of Default under clause (b), (c), (h) or (i) of Section 7.01 of the Credit Agreement shall have occurred and be continuing, and during the continuance thereof,
the Pledgors shall not sell, convey, lease, assign, transfer or otherwise dispose of any Article 9 Collateral (which notice may be given by telephone if promptly confirmed in writing). 
 (h) None of the Pledgors will, without the Applicable First Lien Representative’s prior written consent (which consent shall not be
unreasonably withheld), grant any extension of the time of payment of any Accounts included in the Article 9 Collateral, compromise, compound or settle the same for less than the full amount thereof, release, wholly or partly, any person liable
for the payment thereof or allow any credit or discount whatsoever thereon, other than extensions, credits, discounts, compromises or settlements granted or made in the ordinary course of business and consistent with prudent business practices or as
otherwise permitted under the Credit Agreement and not prohibited by any Other First Lien Agreement. 
 (i) Each Pledgor
irrevocably makes, constitutes and appoints the Applicable First Lien Representative (and all officers, employees or agents designated by the Applicable First Lien Representative) as such Pledgor’s true and lawful agent (and attorney-in-fact)
for the purpose, during the continuance of an Event of Default, of making, settling and adjusting claims in respect of Article 9 Collateral under policies of insurance, endorsing the name of such Pledgor on any check, draft, instrument or other
item of payment for the proceeds of such policies of insurance and for making all determinations and decisions with respect thereto. In the event that any Pledgor at any time or times shall fail to obtain or maintain any of the policies of insurance
required by the Credit Agreement, the other Loan Documents or any Other First Lien Agreement or to pay any premium in whole or part relating thereto, the Applicable First Lien Representative may, without waiving or releasing any obligation or
liability of the Pledgors hereunder or any Event of Default, in its sole discretion, obtain and maintain such policies of insurance and pay such premium and take any other actions with respect thereto as the Applicable First Lien Representative
reasonably deems advisable. All sums disbursed by the Applicable First Lien Representative in connection with this Section 4.03(i), including reasonable attorneys’ fees, court costs, expenses and other charges relating thereto, shall be
payable, upon demand, by the Pledgors to the Applicable First Lien Representative and shall be additional Obligations secured hereby. 
 SECTION 4.04. Other Actions. In order to further ensure the attachment, perfection and priority of, and the ability of the Applicable First Lien Representative to enforce, for the ratable benefit of the Secured Parties, the
Applicable First Lien Representative’s security interest in the Article 9 Collateral, each Pledgor agrees, in each case at such Pledgor’s own expense, to take the following actions with respect to the following Article 9
Collateral: 
 (a) Instruments and Tangible Chattel Paper. If any Pledgor shall at any time own or acquire any
Instruments or Tangible Chattel Paper evidencing an amount in excess of $10,000,000, such Pledgor shall forthwith endorse, assign and deliver the same to the Applicable First Lien Representative, accompanied by such instruments of transfer or
assignment duly executed in blank as the Applicable First Lien Representative may from time to time reasonably request. 
  

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 (b) Investment Property. Except to the extent otherwise provided in Article III,
if any Pledgor shall at any time hold or acquire any Certificated Security, such Pledgor shall forthwith endorse, assign and deliver the same to the Applicable First Lien Representative, accompanied by such instruments of transfer or assignment duly
executed in blank as the Applicable First Lien Representative may from time to time reasonably specify. If any security of a domestic issuer now or hereafter acquired by any Pledgor is uncertificated and is issued to such Pledgor or its nominee
directly by the issuer thereof, upon the Applicable First Lien Representative’s reasonable request or upon and during the continuance of an Event of Default, such Pledgor shall promptly notify the Applicable First Lien Representative of such
uncertificated securities and pursuant to an agreement in form and substance reasonably satisfactory to the Applicable First Lien Representative, either (i) cause the issuer to agree to comply with instructions from the Applicable First Lien
Representative as to such security, without further consent of any Pledgor or such nominee, or (ii) cause the issuer to register the Applicable First Lien Representative as the registered owner of such security. If any security or other
Investment Property, whether certificated or uncertificated, representing an Equity Interest in a third party and having a fair market value in excess of $10,000,000 now or hereafter acquired by any Pledgor is held by such Pledgor or its nominee
through a securities intermediary or commodity intermediary, such Pledgor shall promptly notify the Applicable First Lien Representative thereof and, at the Applicable First Lien Representative’s request and option, pursuant to a Control
Agreement in form and substance reasonably satisfactory to the Applicable First Lien Representative, either (A) cause such securities intermediary or commodity intermediary, as applicable, to agree, in the case of a securities intermediary, to
comply with entitlement orders or other instructions from the Applicable First Lien Representative to such securities intermediary as to such securities or other Investment Property or, in the case of a commodity intermediary, to apply any value
distributed on account of any commodity contract as directed by the Applicable First Lien Representative to such commodity intermediary, in each case without further consent of any Pledgor or such nominee, or (B) in the case of Financial Assets
or other Investment Property held through a securities intermediary, arrange for the Applicable First Lien Representative to become the entitlement holder with respect to such Financial Assets or Investment Property, for the ratable benefit of the
Secured Parties, with such Pledgor being permitted, only with the consent of the Applicable First Lien Representative, to exercise rights to withdraw or otherwise deal with such Financial Assets or Investment Property. The Applicable First Lien
Representative agrees with each of the Pledgors that the Applicable First Lien Representative shall not give any such entitlement orders or instructions or directions to any such issuer, securities intermediary or commodity intermediary, and shall
not withhold its consent to the exercise of any withdrawal or dealing rights by any Pledgor, unless an Event of Default has occurred and is continuing or, after giving effect to any such withdrawal or dealing rights, would occur. The provisions of
this paragraph (b) shall not apply to any Financial Assets credited to a securities account for which the Applicable First Lien Representative is the securities intermediary. 
 (c) Commercial Tort Claims. If any Pledgor shall at any time hold or acquire a Commercial Tort Claim in an amount reasonably
estimated to exceed $5,000,000, such Pledgor shall promptly notify the Applicable First Lien Representative thereof in a writing signed by

  

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such Pledgor, including a summary description of such claim, and grant to the Applicable First Lien Representative in writing a security interest therein and in the proceeds thereof, all upon the
terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to the Applicable First Lien Representative. 
 SECTION 4.05. Covenants Regarding Patent, Trademark and Copyright Collateral. Except as permitted by the Credit Agreement and, after the Discharge of Credit Agreement Obligations, not prohibited by
any Other First Lien Agreement: 
 (a) Each Pledgor agrees that it will not knowingly do any act or omit to do any act (and will
exercise commercially reasonable efforts to prevent its licensees from doing any act or omitting to do any act) whereby any Patent material to the normal conduct of such Pledgor’s business may become prematurely invalidated or dedicated to the
public, and agrees that it shall take commercially reasonable steps with respect to any material products covered by any such Patent as necessary and sufficient to establish and preserve its rights under applicable patent laws. 
 (b) Each Pledgor will, and will use its commercially reasonable efforts to cause its licensees or its sublicensees to, for each Trademark
material to the normal conduct of such Pledgor’s business, (i) maintain such Trademark in full force free from any adjudication of abandonment or invalidity for non-use, (ii) maintain the quality of products and services offered under
such Trademark, (iii) display such Trademark with notice of federal or foreign registration or claim of trademark or service mark as required under applicable law and (iv) not knowingly use or knowingly permit its licensees’ use of
such Trademark in violation of any third-party rights. 
 (c) Each Pledgor will, and will use its commercially reasonable
efforts to cause its licensees or its sublicensees to, for each work covered by a material Copyright necessary to the normal conduct of such Pledgor’s business that it publishes, displays and distributes, use copyright notice as required under
applicable copyright laws. 
 (d) Each Pledgor shall notify the Applicable First Lien Representative promptly if it knows that
any Patent, Trademark or Copyright material to the normal conduct of such Pledgor’s business may imminently become abandoned, lost or dedicated to the public, or of any materially adverse determination or development, excluding office actions
and similar determinations or developments, in the United States Patent and Trademark Office, United States Copyright Office, any court or any similar office of any country, regarding such Pledgor’s ownership of any such material Patent,
Trademark or Copyright or its right to register or to maintain the same. 
 (e) Each Pledgor, either itself or through any
agent, employee, licensee or designee, shall (i) inform the Applicable First Lien Representative on a quarterly basis of each application by itself, or through any agent, employee, licensee or designee, for any Patent with the United States
Patent and Trademark Office and each registration of any Trademark or Copyright with the United States Patent and Trademark Office, the United States Copyright Office or any comparable office or agency in any other country filed during the preceding
three-month period, and (ii) upon the reasonable request of the Applicable First Lien Representative,

  

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execute and deliver any and all agreements, instruments, documents and papers as the Applicable First Lien Representative may reasonably request to evidence the Applicable First Lien
Representative’s security interest in such Patent, Trademark or Copyright. 
 (f) Each Pledgor shall exercise its
reasonable business judgment consistent with the practice in any proceeding before the United States Patent and Trademark Office, the United States Copyright Office or any comparable office or agency in any other country with respect to maintaining
and pursuing each material application relating to any Patent, Trademark and/or Copyright (and obtaining the relevant grant or registration) material to the normal conduct of such Pledgor’s business and to maintain (i) each issued Patent
and (ii) the registrations of each Trademark and each Copyright that is material to the normal conduct of such Pledgor’s business, including, when applicable and necessary in such Pledgor’s reasonable business judgment, timely filings
of applications for renewal, affidavits of use, affidavits of incontestability and payment of maintenance fees, and, if any Pledgor believes necessary in its reasonable business judgment, to initiate opposition, interference and cancellation
proceedings against third parties. 
 (g) In the event that any Pledgor knows or has reason to know that any Article 9
Collateral consisting of a Patent, Trademark or Copyright material to the normal conduct of its business has been or is about to be materially infringed, misappropriated or diluted by a third party, such Pledgor shall promptly notify the Applicable
First Lien Representative and shall, if such Pledgor deems it necessary in its reasonable business judgment, promptly sue and recover any and all damages, and take such other actions as are reasonably appropriate under the circumstances. 

(h) Upon and during the continuance of an Event of Default, each Pledgor shall use commercially reasonable efforts to obtain all
requisite consents or approvals from the licensor under each Copyright License, Patent License or Trademark License to effect the assignment of all such Pledgor’s right, title and interest thereunder to (in the Applicable First Lien
Representative’s sole discretion) the designee of the Applicable First Lien Representative or the Applicable First Lien Representative. 
 ARTICLE V. 
 Remedies 
 SECTION 5.01. Remedies Upon Default. Upon the occurrence and during the continuance of an Event of Default, each Pledgor agrees to
deliver each item of Collateral to the Applicable First Lien Representative on demand, and it is agreed that the Applicable First Lien Representative shall have the right to take any of or all the following actions at the same or different
times: (a) with respect to any Article 9 Collateral consisting of Intellectual Property, on demand, to cause the Security Interest to become an assignment, transfer and conveyance of any of or all such Article 9 Collateral by the
applicable Pledgors to the Applicable First Lien Representative or to license or sublicense, whether general, special or otherwise, and whether on an exclusive or a nonexclusive basis, any such Article 9 Collateral throughout the world on such
terms and conditions and in such manner as the Applicable First Lien Representative shall determine (other than in violation of any then-existing licensing arrangements to the extent that waivers thereunder cannot be obtained) and (b) with or
without legal process and with or without

  

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prior notice or demand for performance, to take possession of the Article 9 Collateral and without liability for trespass to the applicable Pledgor to enter any premises where the
Article 9 Collateral may be located for the purpose of taking possession of or removing the Article 9 Collateral and, generally, to exercise any and all rights afforded to a secured party under the applicable Uniform Commercial Code or
other applicable law. Without limiting the generality of the foregoing, each Pledgor agrees that the Applicable First Lien Representative shall have the right, subject to the requirements of applicable law, to sell or otherwise dispose of all or any
part of the Collateral at a public or private sale or at any broker’s board or on any securities exchange, for cash, upon credit or for future delivery as the Applicable First Lien Representative shall deem appropriate. The Applicable First
Lien Representative shall be authorized in connection with any sale of a security (if it deems it advisable to do so) pursuant to the foregoing to restrict the prospective bidders or purchasers to persons who represent and agree that they are
purchasing such security for their own account, for investment, and not with a view to the distribution or sale thereof. Upon consummation of any such sale of Collateral pursuant to this Section 5.01 the Applicable First Lien Representative
shall have the right to assign, transfer and deliver to the purchaser or purchasers thereof the Collateral so sold. Each such purchaser at any such sale shall hold the property sold absolutely, free from any claim or right on the part of any
Pledgor, and each Pledgor hereby waives and releases (to the extent permitted by law) all rights of redemption, stay, valuation and appraisal that such Pledgor now has or may at any time in the future have under any rule of law or statute now
existing or hereafter enacted. 
 The Applicable First Lien Representative shall give the applicable Pledgors 10 Business
Days’ written notice (which each Pledgor agrees is reasonable notice within the meaning of Section 9-611 of the New York UCC or its equivalent in other jurisdictions) of the Applicable First Lien Representative’s intention to make any
sale of Collateral. Such notice, in the case of a public sale, shall state the time and place for such sale and, in the case of a sale at a broker’s board or on a securities exchange, shall state the board or exchange at which such sale is to
be made and the day on which the Collateral, or portion thereof, will first be offered for sale at such board or exchange. Any such public sale shall be held at such time or times within ordinary business hours and at such place or places as the
Applicable First Lien Representative may fix and state in the notice (if any) of such sale. At any such sale, the Collateral, or the portion thereof, to be sold may be sold in one lot as an entirety or in separate parcels, as the Applicable First
Lien Representative may (in its sole and absolute discretion) determine. The Applicable First Lien Representative shall not be obligated to make any sale of any Collateral if it shall determine not to do so, regardless of the fact that notice of
sale of such Collateral shall have been given. The Applicable First Lien Representative may, without notice or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time and place
fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. In the case of any sale of all or any part of the Collateral made on credit or for future delivery, the Collateral so sold
may be retained by the Applicable First Lien Representative until the sale price is paid by the purchaser or purchasers thereof, but the Applicable First Lien Representative shall not incur any liability in the event that any such purchaser or
purchasers shall fail to take up and pay for the Collateral so sold and, in the case of any such failure, such Collateral may be sold again upon notice given in accordance with provisions above. At any public (or, to the extent permitted by law,
private) sale made pursuant to this Section 5.01, any Secured Party may bid for or purchase for cash, free (to the extent permitted by law) from any right of redemption, stay, valuation or appraisal on the part of

  

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any Pledgor (all such rights being also hereby waived and released to the extent permitted by law), the Collateral or any part thereof offered for sale and such Secured Party may, upon compliance
with the terms of sale, hold, retain and dispose of such property in accordance with Section 5.02 hereof without further accountability to any Pledgor therefor. For purposes hereof, a written agreement to purchase the Collateral or any portion
thereof shall be treated as a sale thereof; the Applicable First Lien Representative shall be free to carry out such sale pursuant to such agreement and no Pledgor shall be entitled to the return of the Collateral or any portion thereof subject
thereto, notwithstanding the fact that after the Applicable First Lien Representative shall have entered into such an agreement all Events of Default shall have been remedied and the Obligations paid in full. As an alternative to exercising the
power of sale herein conferred upon it, the Applicable First Lien Representative may proceed by a suit or suits at law or in equity to foreclose this Agreement and to sell the Collateral or any portion thereof pursuant to a judgment or decree of a
court or courts having competent jurisdiction or pursuant to a proceeding by a court-appointed receiver. Any sale pursuant to the provisions of this Section 5.01 shall be deemed to conform to the commercially reasonable standards as provided in
Section 9-610(b) of the New York UCC or its equivalent in other jurisdictions. 
 SECTION 5.02. Application of
Proceeds. The Applicable First Lien Representative shall promptly apply the proceeds, moneys or balances of any collection or sale of Collateral, as well as any Collateral consisting of cash, as follows: 
 FIRST, to the payment of all reasonable costs and expenses incurred by the Applicable First Lien Representative in connection
with such collection or sale or otherwise in connection with this Agreement, any other Loan Document, any Other First Lien Agreement or any of the Obligations, including all court costs and the reasonable fees and expenses of its agents and legal
counsel, the repayment of all advances made by the Applicable First Lien Representative hereunder under any other Loan Document or under any Other First Lien Agreement on behalf of any Pledgor and any other reasonable costs or expenses incurred in
connection with the exercise of any right or remedy hereunder or under any other Loan Document; 
 SECOND, to the
payment in full of the Obligations (the amounts so applied to be distributed among the Secured Parties pro rata in accordance with the respective amounts of the Obligations owed to them on the date of any such distribution); and

 THIRD, to the Pledgors, their successors or assigns, or as a court of competent jurisdiction may otherwise
direct. 
 provided, that in no event shall the proceeds of any collection or sale of any Specified Excluded Collateral (the
“Specified Excluded Proceeds”) be applied to the payment of any Other First Lien Obligations. The Applicable First Lien Representative shall have absolute discretion as to the time of application of any such proceeds, moneys or
balances in accordance with this Agreement. Upon any sale of Collateral by the Applicable First Lien Representative (including pursuant to a power of sale granted by statute or under a judicial proceeding), the receipt of the purchase money by the
Applicable First Lien Representative or of the officer making the sale shall be a sufficient discharge to the purchaser or purchasers of the Collateral so sold and such purchaser or purchasers shall not be obligated to see to the application of any
part of the

  

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purchase money paid over to the Applicable First Lien Representative or such officer or be answerable in any way for the misapplication thereof. 
 SECTION 5.03. Grant of License to Use Intellectual Property. For the purpose of enabling the Applicable First Lien Representative to
exercise rights and remedies under this Agreement at such time as the Applicable First Lien Representative shall be lawfully entitled to exercise such rights and remedies, each Pledgor hereby grants to (in the Applicable First Lien
Representative’s sole discretion) a designee of the Applicable First Lien Representative or the Applicable First Lien Representative, for the ratable benefit of the Secured Parties, an irrevocable, non-exclusive license (exercisable without
payment of royalty or other compensation to any Pledgor) to use, license or sublicense any of the Article 9 Collateral consisting of Intellectual Property now owned or hereafter acquired by such Pledgor, wherever the same may be located, and
including in such license reasonable access to all media in which any of the licensed items may be recorded or stored and to all computer software and programs used for the compilation or printout thereof, the right to prosecute and maintain all
Intellectual Property and the right to sue for past infringement of the Intellectual Property. The use of such license by the Applicable First Lien Representative may be exercised, at the option of the Applicable First Lien Representative, upon the
occurrence and during the continuation of an Event of Default; provided that any license, sublicense or other transaction entered into by the Applicable First Lien Representative in accordance herewith shall be binding upon the Pledgors
notwithstanding any subsequent cure of an Event of Default. 
 SECTION 5.04. Securities Act, etc. In view of the position
of the Pledgors in relation to the Pledged Collateral, or because of other current or future circumstances, a question may arise under the Securities Act of 1933, as now or hereafter in effect, or any similar federal statute hereafter enacted
analogous in purpose or effect (such Act and any such similar statute as from time to time in effect being called the “Federal Securities Laws”) with respect to any disposition of the Pledged Collateral permitted hereunder. Each
Pledgor understands that compliance with the Federal Securities Laws might very strictly limit the course of conduct of the Applicable First Lien Representative if the Applicable First Lien Representative were to attempt to dispose of all or any
part of the Pledged Collateral, and might also limit the extent to which or the manner in which any subsequent transferee of any Pledged Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting
the Applicable First Lien Representative in any attempt to dispose of all or part of the Pledged Collateral under applicable Blue Sky or other state securities laws or similar laws analogous in purpose or effect. Each Pledgor acknowledges and agrees
that in light of such restrictions and limitations, the Applicable First Lien Representative, in its sole and absolute discretion, (a) may proceed to make such a sale whether or not a registration statement for the purpose of registering such
Pledged Collateral or part thereof shall have been filed under the Federal Securities Laws or, to the extent applicable, Blue Sky or other state securities laws and (b) may approach and negotiate with a single potential purchaser to effect such
sale. Each Pledgor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller than if such sale were a public sale without such restrictions. In the event of any such sale, the Applicable First
Lien Representative shall incur no responsibility or liability for selling all or any part of the Pledged Collateral at a price that the Applicable First Lien Representative, in its sole and absolute discretion, may in good faith deem reasonable
under the circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the

  

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sale were deferred until after registration as aforesaid or if more than a single purchaser were approached. The provisions of this Section 5.04 will apply notwithstanding the existence of a
public or private market upon which the quotations or sales prices may exceed substantially the price at which the Applicable First Lien Representative sells. 
 SECTION 5.05. Registration, etc. Each Pledgor agrees that, upon the occurrence and during the continuance of an Event of Default, if for any reason the Applicable First Lien Representative desires
to sell any of the Pledged Collateral at a public sale, it will, at any time and from time to time, upon the written request of the Applicable First Lien Representative, use its commercially reasonable efforts to take or to cause the issuer of such
Pledged Collateral to take such action and prepare, distribute and/or file such documents, as are required or advisable in the reasonable opinion of counsel for the Applicable First Lien Representative to permit the public sale of such Pledged
Collateral. Each Pledgor further agrees to indemnify, defend and hold harmless the Applicable First Lien Representative, each other Secured Party, any underwriter and their respective officers, directors, affiliates and controlling persons from and
against all loss, liability, expenses, costs of counsel (including reasonable fees and expenses to the Applicable First Lien Representative of legal counsel), and claims (including the costs of investigation) that they may incur insofar as such
loss, liability, expense or claim arises out of or is based upon any alleged untrue statement of a material fact contained in any prospectus (or any amendment or supplement thereto) or in any notification or offering circular, or arises out of or is
based upon any alleged omission to state a material fact required to be stated therein or necessary to make the statements in any thereof not misleading, except insofar as the same may have been caused by any untrue statement or omission based upon
information furnished in writing to such Pledgor or the issuer of such Pledged Collateral by the Applicable First Lien Representative or any other Secured Party expressly for use therein. Each Pledgor further agrees, upon such written request
referred to above, to use its commercially reasonable efforts to qualify, file or register, or cause the issuer of such Pledged Collateral to qualify, file or register, any of the Pledged Collateral under the Blue Sky or other securities laws of
such states as may be reasonably requested by the Applicable First Lien Representative and keep effective, or cause to be kept effective, all such qualifications, filings or registrations. Each Pledgor will bear all costs and expenses of carrying
out its obligations under this Section 5.05. Each Pledgor acknowledges that there is no adequate remedy at law for failure by it to comply with the provisions of this Section 5.05 only and that such failure would not be adequately
compensable in damages and, therefore, agrees that its agreements contained in this Section 5.05 may be specifically enforced. 
 ARTICLE VI. 
 [Intentionally Omitted] 
 ARTICLE VII. 
 Miscellaneous 
 SECTION 7.01. Notices. All communications and notices hereunder shall (except as otherwise expressly permitted herein) be in writing
and given as provided in Section 9.01 of the Credit Agreement (whether or not then in effect). All communications and

  

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notices hereunder to any Subsidiary Party shall be given to it in care of the U.S. Borrower, with such notice to be given as provided in Section 9.01 of the Credit Agreement. All
communications and notices to any holders of obligations under any Other First Lien Agreement shall be given to such holders at its address set forth in the Other First Lien Secured Party Consent, as such address may be changed by written notice to
the Applicable First Lien Representative. 
 SECTION 7.02. Security Interest Absolute. All rights of the Applicable First
Lien Representative hereunder, the Security Interest, the security interest in the Pledged Collateral and all obligations of each Pledgor hereunder shall be absolute and unconditional irrespective of (a) any lack of validity or enforceability
of the Credit Agreement, any other Loan Document, any Other First Lien Agreement, any agreement with respect to any of the Obligations or any other agreement or instrument relating to any of the foregoing, (b) any change in the time, manner or
place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Credit Agreement, any other Loan Document, any Other First Lien Agreement or any other
agreement or instrument, (c) any exchange, release or non-perfection of any Lien on other collateral, or any release or amendment or waiver of or consent under or departure from any guarantee, securing or guaranteeing all or any of the
Obligations or (d) any other circumstance that might otherwise constitute a defense available to, or a discharge of, any Pledgor in respect of the Obligations or this Agreement (other than a defense of payment or performance). 
 SECTION 7.03. Limitation By Law. All rights, remedies and powers provided in this Agreement may be exercised only to the extent that
the exercise thereof does not violate any applicable provision of law, and all the provisions of this Agreement are intended to be subject to all applicable mandatory provisions of law that may be controlling and to be limited to the extent
necessary so that they shall not render this Agreement invalid, unenforceable, in whole or in part, or not entitled to be recorded, registered or filed under the provisions of any applicable law. 
 SECTION 7.04. Binding Effect; Several Agreement. This Agreement shall become effective as to any party to this Agreement when a
counterpart hereof executed on behalf of such party shall have been delivered to the Applicable First Lien Representative and a counterpart hereof shall have been executed on behalf of the Applicable First Lien Representative, and thereafter shall
be binding upon such party and the Applicable First Lien Representative and their respective permitted successors and assigns, and shall inure to the benefit of such party, the Applicable First Lien Representative and the other Secured Parties and
their respective permitted successors and assigns, except that no party shall have the right to assign or transfer its rights or obligations hereunder or any interest herein or in the Collateral (and any such assignment or transfer shall be void)
except as expressly contemplated by this Agreement, the Credit Agreement or, after the Discharge of Credit Agreement Obligations, any Other First Lien Agreement. This Agreement shall be construed as a separate agreement with respect to each party
and may be amended, modified, supplemented, waived or released with respect to any party without the approval of any other party and without affecting the obligations of any other party hereunder. 
  

 28 

 SECTION 7.05. Successors and Assigns. Whenever in this Agreement any of the parties
hereto is referred to, such reference shall be deemed to include the permitted successors and assigns of such party; and all covenants, promises and agreements by or on behalf of any Pledgor or the Applicable First Lien Representative that are
contained in this Agreement shall bind and inure to the benefit of their respective permitted successors and assigns. Until the Intercreditor Effective Date, the Applicable First Lien Representative hereunder shall at all times be the same person
that is the Administrative Agent under the Credit Agreement. Written notice of resignation by the Administrative Agent pursuant to the Credit Agreement shall also constitute notice of resignation as the Applicable First Lien Representative under
this Agreement. Upon the acceptance of any appointment as the Administrative Agent under the Credit Agreement by a successor , that successor shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the
retiring Applicable First Lien Representative pursuant hereto. 
 SECTION 7.06. Applicable First Lien Representative’s
Fees and Expenses; Indemnification. (a) The parties hereto agree that the Applicable First Lien Representative shall be entitled to reimbursement of its expenses incurred hereunder as provided in Section 9.05 of the Credit Agreement
and the equivalent provision of any Other First Lien Agreement. 
 (b) Without limitation of its indemnification obligations
under the Loan Documents or any Other First Lien Agreement, each Pledgor jointly and severally agrees to indemnify the Applicable First Lien Representative and the other Indemnitees (as defined in Section 9.05 of the Credit Agreement or as such
equivalent term is defined in any Other First Lien Agreement) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including reasonable counsel fees, charges and disbursements,
incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of, (i) the execution or delivery of this Agreement, any other Loan Document or any Other First Lien Agreement or any agreement or instrument
contemplated hereby or thereby, the performance by the parties hereto and thereto of their respective obligations thereunder or the consummation of the Transactions and other transactions contemplated hereby, (ii) the use of proceeds of the
Loans or the B/As or the use of any Letter of Credit or (iii) any claim, litigation, investigation or proceeding relating to any of the foregoing, or to the Collateral, whether or not any Indemnitee is a party thereto; provided that such
indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from
the gross negligence or willful misconduct of such Indemnitee. 
 (c) Any such amounts payable as provided hereunder shall be
additional Obligations secured hereby and by the other Security Documents. The provisions of this Section 7.06 shall remain operative and in full force and effect regardless of the termination of this Agreement, any other Loan Document or any
Other First Lien Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Obligations, the invalidity or unenforceability of any term or provision of this Agreement, any other Loan Document or any Other First
Lien Agreement, or any investigation made by or on behalf of the Applicable First Lien Representative or any other Secured Party. All amounts due under this Section 7.06 shall be payable on written demand therefor. 
  

 29 

 SECTION 7.07. Applicable First Lien Representative Appointed Attorney-in-Fact. Each
Pledgor hereby appoints the Applicable First Lien Representative the attorney-in-fact of such Pledgor for the purpose of carrying out the provisions of this Agreement and taking any action and executing any instrument that the Applicable First Lien
Representative may deem necessary or advisable to accomplish the purposes hereof, which appointment is irrevocable and coupled with an interest. Without limiting the generality of the foregoing, the Applicable First Lien Representative shall have
the right, upon the occurrence and during the continuance of an Event of Default, with full power of substitution either in the Applicable First Lien Representative’s name or in the name of such Pledgor, (i) to receive, endorse, assign or
deliver any and all notes, acceptances, checks, drafts, money orders or other evidences of payment relating to the Collateral or any part thereof, (ii) to demand, collect, receive payment of, give receipt for and give discharges and releases of
all or any of the Collateral; (iii) to ask for, demand, sue for, collect, receive and give acquittance for any and all moneys due or to become due under and by virtue of any Collateral; (iv) to sign the name of any Pledgor on any invoice
or bill of lading relating to any of the Collateral; (v) to send verifications of Accounts to any Account Debtor; (vi) to commence and prosecute any and all suits, actions or proceedings at law or in equity in any court of competent
jurisdiction to collect or otherwise realize on all or any of the Collateral or to enforce any rights in respect of any Collateral; (vii) to settle, compromise, compound, adjust or defend any actions, suits or proceedings relating to all or any
of the Collateral; (vii) to notify, or to require any Pledgor to notify, Account Debtors to make payment directly to the Applicable First Lien Representative; and (ix) to use, sell, assign, transfer, pledge, make any agreement with respect
to or otherwise deal with all or any of the Collateral, and to do all other acts and things necessary to carry out the purposes of this Agreement, as fully and completely as though the Applicable First Lien Representative were the absolute owner of
the Collateral for all purposes; provided that nothing herein contained shall be construed as requiring or obligating the Applicable First Lien Representative to make any commitment or to make any inquiry as to the nature or sufficiency of
any payment received by the Applicable First Lien Representative, or to present or file any claim or notice, or to take any action with respect to the Collateral or any part thereof or the moneys due or to become due in respect thereof or any
property covered thereby. The Applicable First Lien Representative and the other Secured Parties shall be accountable only for amounts actually received as a result of the exercise of the powers granted to them herein, and neither they nor their
officers, directors, employees or agents shall be responsible to any Pledgor for any act or failure to act hereunder, except for their own gross negligence or willful misconduct. 
 SECTION 7.08. Authority of Applicable First Lien Representative. Each Pledgor acknowledges that the rights and responsibilities of
the Applicable First Lien Representative under this Agreement with respect to any action taken by the Applicable First Lien Representative or the exercise or non-exercise by the Applicable First Lien Representative of any option, voting right,
request, judgment or other right or remedy provided for herein or resulting or arising out of this Agreement shall, as between the Applicable First Lien Representative and the Secured Parties, be governed (x) until the Intercreditor Effective
Date, by the Credit Agreement and (y) on and after the Intercreditor Effective Date, the First Lien Intercreditor Agreement, and by such other agreements with respect thereto as may exist from time to time among them, but, as between the
Applicable First Lien Representative and the Pledgors, the Applicable First Lien Representative shall be conclusively presumed to be acting as agent for the applicable Secured Parties with full and valid authority so to act or refrain from acting,
and no Pledgor shall be under any obligation, or entitlement, to make any inquiry respecting such authority. 
  

 30 

 SECTION 7.09. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE
PARTIES UNDER THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 SECTION
7.10. Waivers; Amendment. (a) No failure or delay by the Applicable First Lien Representative, any Issuing Bank or any other Secured Party in exercising any right, power or remedy hereunder, under any other Loan Document or under any
Other First Lien Agreement, as applicable, shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or remedy, or any abandonment or discontinuance of steps to enforce such a right, power or remedy,
preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The rights, powers and remedies of the Applicable First Lien Representative, any Issuing Bank and the other Secured Parties hereunder and under the
other Loan Documents are cumulative and are not exclusive of any rights, powers or remedies that they would otherwise have. No waiver of any provision of this Agreement or any Other First Lien Agreement or consent to any departure by any Loan Party
therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section 7.10, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.
Without limiting the generality of the foregoing, the making of a Loan, the acceptance and purchase of a B/A, the issuance of a Letter of Credit or the incurrence of any Other First Lien Obligation shall not be construed as a waiver of any Default
or Event of Default, regardless of whether the Applicable First Lien Representative, any Issuing Bank or any other Secured Party may have had notice or knowledge of such Default or Event of Default at the time. No notice or demand on any Loan Party
in any case shall entitle any Loan Party to any other or further notice or demand in similar or other circumstances. 
 (b)
Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Applicable First Lien Representative and the Loan Party or Loan Parties with respect to
which such waiver, amendment or modification is to apply, subject to any consent required in accordance with Section 9.08 of the Credit Agreement and, after the Intercreditor Effective Date, by each other Authorized Representative to the extent
required by (and in accordance with) the applicable Other First Lien Agreement, or as otherwise provided in the First Lien Intercreditor Agreement. 
 SECTION 7.11. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION
DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, ANY OTHER LOAN DOCUMENTS OR ANY OTHER FIRST LIEN AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND

  

 31 

 
(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 7.11.

 SECTION 7.12. Severability. In the event any one or more of the provisions contained in this Agreement, in any other
Loan Document or in any Other First Lien Agreement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and therein shall not in any way be affected
or impaired thereby. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions. 
 SECTION 7.13. Counterparts. This Agreement may be executed in two or more counterparts, each
of which shall constitute an original but all of which when taken together shall constitute but one contract, and shall become effective as provided in Section 7.04. Delivery of an executed counterpart to this Agreement by facsimile
transmission shall be as effective as delivery of a manually signed original. 
 SECTION 7.14. Headings. Article and
Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 
 SECTION 7.15. Jurisdiction; Consent to Service of Process. (a) Each party to this Agreement hereby irrevocably and
unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or
proceeding arising out of or relating to this Agreement, any other Loan Documents or any Other First Lien Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that
all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such federal court. Each of the parties hereto agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any Other First Lien Agreement shall affect any right that the Applicable First
Lien Representative, any Issuing Bank, any Lender or any Secured Party may otherwise have to bring any action or proceeding relating to this Agreement, any other Loan Document or any Other First Lien Agreement against any Pledgor, or its properties,
in the courts of any jurisdiction. 
 (b) Each party to this Agreement hereby irrevocably and unconditionally waives, to the
fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement, any other Loan Document or any Other First
Lien Agreement in any New York State or federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such
court. 
  

 32 

 (c) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 7.01. Nothing in this Agreement, any other Loan Document or any First Lien Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 
 SECTION 7.16. Termination or Release. (a) Subject to any applicable terms of the First Lien Intercreditor Agreement on and after
the Intercreditor Effective Date, this Agreement, the pledges made herein, the Security Interest and all other security interests granted hereby, and all other Security Documents securing the Obligations (including without limitation foreign
security documents), shall automatically terminate as of the date when all the Loan Document Obligations and Other First Lien Obligations (in each case other than contingent or unliquidated obligations or liabilities) have been paid in full in cash
or immediately available funds and the Lenders have no further commitment to lend under the Credit Agreement, each of the Revolving L/C Exposure and the Tranche C-3 L/C Exposure has been reduced to zero and each Issuing Bank has no further
obligations to issue Letters of Credit under the Credit Agreement. 
 (b) Subject to any applicable terms of the First Lien
Intercreditor Agreement on and after the Intercreditor Effective Date, a Subsidiary Party shall automatically be released from its obligations hereunder and the security interests in the Collateral of such Subsidiary Party shall be automatically
released upon the consummation of any transaction permitted by the Credit Agreement and not prohibited by any Other First Lien Agreement as a result of which such Subsidiary Party ceases to be a Subsidiary or otherwise ceases to be a Pledgor;
provided that the Required Lenders shall have consented to such transaction (to the extent such consent is required by the Credit Agreement) and the terms of such consent did not provide otherwise. 
 (c) Subject to any applicable terms of the First Lien Intercreditor Agreement on and after the Intercreditor Effective Date, the Security
Interest in any Collateral shall automatically be released (i) upon any sale or other transfer by any Pledgor of any Collateral that is permitted under the Credit Agreement and not prohibited under any Other First Lien Agreement to any person
that is not a Pledgor (including in connection with an Event of Loss), (ii) upon the effectiveness of any written consent to the release of the security interest granted hereby in such Collateral pursuant to Section 9.08 of the Credit
Agreement and, after the Discharge of Credit Agreement Obligations, any equivalent provision of any Other First Lien Agreement (in each case, to the extent required) and (iii) as otherwise may be provided in the First Lien Intercreditor
Agreement. 
 (d) Solely with respect to any Other First Lien Obligations, a Pledgor shall automatically be released from its
obligations hereunder and/or the security interests in any Collateral shall in each case be automatically released upon the occurrence of any of the circumstances set forth in the section governing release of collateral in the applicable Other First
Lien Agreement without delivery of any instrument or performance of any act by any party, and all rights to the Collateral shall revert to any applicable Pledgor. 
 (e) If any Collateral shall become subject to the release provisions set forth in Section 2.04 of the First Lien Intercreditor Agreement, the Lien created hereunder on such Collateral shall be
automatically released to the extent (and only to the extent) provided therein. 
  

 33 

 (f) In connection with any termination or release pursuant to paragraph (a),
(b) or (c) of this Section 7.16, the Applicable First Lien Representative shall execute and deliver to any Pledgor, at such Pledgor’s expense, all documents that such Pledgor shall reasonably request to evidence such termination
or release (including UCC termination statements), and will duly assign and transfer to such Pledgor, such of the Pledged Collateral that may be in the possession of the Applicable First Lien Representative and has not theretofore been sold or
otherwise applied or released pursuant to this Agreement. Any execution and delivery of documents pursuant to this Section 7.16 shall be without recourse to or warranty by the Applicable First Lien Representative. 
 (g) Holdings shall automatically be released from its obligations hereunder and the security interests in the Collateral owned by Holdings
shall be automatically released upon a Qualified IPO. 
 SECTION 7.17. Additional Subsidiaries. Upon execution and
delivery by the Applicable First Lien Representative and any Subsidiary that is required to become a party hereto by Section 5.10 of the Credit Agreement or by any Other First Lien Agreement, of an instrument in the form of Exhibit I
hereto, such subsidiary shall become a Subsidiary Party hereunder with the same force and effect as if originally named as a Subsidiary Party herein. The execution and delivery of any such instrument shall not require the consent of any other party
to this Agreement. The rights and obligations of each party to this Agreement shall remain in full force and effect notwithstanding the addition of any new party to this Agreement. 
 SECTION 7.18. Right of Set-off. If an Event of Default shall have occurred and be continuing, each Lender, each Issuing Bank and each
other Secured Party is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set-off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other
indebtedness at any time owing by such Lender, Issuing Bank or other Secured Party to or for the credit or the account of any party to this Agreement against any of and all the obligations of such party now or hereafter existing under this Agreement
owed to such Lender, Issuing Bank or other Secured Party, irrespective of whether or not such Lender, Issuing Bank or other Secured Party shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of
each Lender Issuing Bank or other Secured Party under this Section 7.18 are in addition to other rights and remedies (including other rights of set-off) that such Lender, Issuing Bank or other Secured Party may have. 
 SECTION 7.19. Subject to Intercreditor Agreements. Notwithstanding anything herein to the contrary (i) the liens and security
interests granted to the Applicable First Lien Representative pursuant to this Agreement are expressly subject to the Existing Second Lien Intercreditor Agreement, the New 1-1/2 Lien Intercreditor Agreement and the First Lien Intercreditor Agreement
and (ii) the exercise of any right or remedy by the Applicable First Lien Representative hereunder is subject to the limitations and provisions of the Existing Second Lien Intercreditor Agreement, the New 1-1/2 Lien Intercreditor Agreement and
the First Lien Intercreditor Agreement. In the event of any conflict between the terms of, on the one hand, any of the Existing Second Lien Intercreditor Agreement, the New 1-1/2 Lien Intercreditor Agreement and the First Lien Intercreditor
Agreement and, on the other hand, the terms of this Agreement, then the terms of the Existing Second Lien Intercreditor Agreement, the New 1-1/2

  

 34 

 
Lien Intercreditor Agreement or the First Lien Intercreditor Agreement, as applicable, shall govern. In the event of any conflict between the terms of any of the Existing Second Lien
Intercreditor Agreement, the New 1-1/2 Lien Intercreditor Agreement and the First Lien Intercreditor Agreement, such conflict shall be resolved pursuant to the terms of such agreements. Nothing herein is intended, or shall be construed, to give any
Loan Party any additional right, remedy or claim under, to or in respect of this Agreement or any Collateral. 
 SECTION 7.20.
Other First Lien Obligations. On or after the date hereof and so long as permitted by the Credit Agreement and not prohibited by any Other First Lien Agreement then outstanding, the Borrowers may from time to time designate Indebtedness at
the time of incurrence to be secured on a pari passu basis with the Obligations as Other First Lien Obligations hereunder by delivering to the Applicable First Lien Representative and each Authorized Representative (a) a certificate signed by
an Authorized Officer of the Borrowers (i) identifying the obligations so designated and the initial aggregate principal amount or face amount thereof, (ii) stating that such obligations are designated as Other First Lien Obligations for
purposes hereof, (iii) representing that such designation of such obligations as Other First Lien Obligations complies with the terms of this Agreement, the Credit Agreement and any Other First Lien Agreement then outstanding and
(iv) specifying the name and address of the Authorized Representative for such obligations, (b) a fully executed Other First Lien Secured Party Consent (in the form attached as Exhibit III) and (c) if the Intercreditor
Effective Date has not yet occurred, a fully executed First Lien Intercreditor Agreement. Each Authorized Representative agrees that upon the satisfaction of all conditions set forth in the preceding sentence, the Applicable First Lien
Representative shall act as administrative and collateral agent under and subject to the terms of the Security Documents for the benefit of all Secured Parties, including without limitation, any Secured Parties that hold any such Other First Lien
Obligations, and each Authorized Representative agrees to the appointment, and acceptance of the appointment, of the Applicable First Lien Representative as administrative and collateral agent for the holders of such Other First Lien Obligations as
set forth in each Other First Lien Secured Party Consent and agrees, on behalf of itself and each Secured Party it represents, to be bound by this Agreement and the First Lien Intercreditor Agreement. 
 SECTION 7.21. Applicable First Lien Representative. Immediately upon the occurrence of the Discharge of Credit Agreement
Obligations (as defined in the First Lien Intercreditor Agreement), the Applicable Authorized Representative (as defined in the First Lien Intercreditor Agreement) (and, if there shall be more than one Additional Authorized Representative at such
time, then the Applicable Authorized Representative in respect of the greatest outstanding amount of Other First Lien Obligations at such time) shall be deemed the Applicable First Lien Representative for all purposes under this Agreement. The
Applicable First Lien Representative immediately prior to the Discharge of Credit Agreement Obligations (the “Prior First Lien Representative”) shall be deemed to have assigned all of its rights, powers and duties hereunder to the
Applicable Authorized Representative and such Applicable Authorized Representative shall be deemed to have accepted, assumed and succeeded to such rights, powers and duties. The Prior First Lien Representative shall cooperate with the U.S. Borrower
and the Applicable Authorized Representative to ensure that all actions are taken that are necessary or reasonably requested by such Applicable Authorized Representative to vest in such Applicable Authorized Representative the right granted to the
hereunder with respect to the Collateral including (i) the filing of amended financing statements in the appropriate filing

  

 35 

 
offices, (ii) to the extent that the Prior First Lien Representative holds, or a third party holds on its behalf, physical possession of or “control” (as defined in the Uniform
Commercial Code) (or any similar concept under foreign law) over Collateral pursuant to this Agreement or any other Security Document, the delivery, to such Applicable Authorized Representative of the Collateral in its possession or control together
with any necessary endorsements to the extent required by this Agreement and (iii) the execution and delivery of any further documents, financing statements or agreements and the taking of all such further action that may be required under any
applicable law, or that the Applicable Authorized Representative may reasonably request, all without recourse to, or representation or warranty by, the Applicable First Lien Representative, and at the sole cost and expense of the Loan Parties.

 SECTION 7.22. [Reserved]. 
 SECTION 7.23. Dutch Parallel Debt. Section 9.20(a) of the Credit Agreement is incorporated herein by reference. 
 SECTION 7.24. ULC Shares. Notwithstanding any provisions to the contrary contained in this Agreement or any other document or
agreement among all or some of the parties hereto, the applicable Pledgor is the sole registered and beneficial owner of Pledged ULC Shares pledged by such Pledgor and will remain so until such time as such Pledged ULC Shares are effectively
transferred into the name of the Applicable First Lien Representative or another person on the books and records of the issuer of such ULC Shares. Accordingly the Pledgor shall be entitled to receive and retain for its own account any dividend on or
other distribution, if any, in respect of such Pledged ULC Shares (except insofar as the Pledgor has granted a security interest in such dividend on or other distribution, and any shares that are collateral shall be delivered to the Applicable First
Lien Representative to hold as collateral hereunder) and shall have the right to vote such collateral and to control the direction, management and policies of the issuer of such Pledged ULC Shares to the same extent as the Pledgor would if such
collateral were not pledged to the Applicable First Lien Representative pursuant hereto. Nothing in this Agreement or any other document or agreement among all or some of the parties hereto is intended to, and nothing in this Agreement or any other
document or agreement among all or some of the parties hereto shall, constitute the Applicable First Lien Representative or any person other than the relevant Pledgor, a member of the issuer of such Pledged ULC Shares or any other ULC for the
purposes of the Companies Act (Nova Scotia) until such time as notice is given to the Pledgor (and not revoked) as provided herein and further steps are taken thereunder so as to register the Applicable First Lien Representative or other person as
holder of such Pledged ULC Shares. To the extent any provision hereof would have the effect of constituting the Applicable First Lien Representative as a member of the issuer of Pledged ULC Shares prior to such time, such provision shall be severed
therefrom and ineffective with respect to collateral that are Pledged ULC Shares without otherwise invalidating or rendering unenforceable this Agreement or invalidating or rendering unenforceable such provision insofar as it relates to property
that is not Pledged ULC Shares. Except upon the exercise of rights to sell or otherwise dispose of the Pledged ULC Shares following the occurrence of an Event of Default the Pledgor shall not cause or permit, or enable the issuer of Pledged ULC
Shares to cause or permit, the Applicable First Lien Representative to: (a) be registered as a shareholder or member of the issuer of Pledged ULC Shares; (b) have any notation entered in its favor in the share register of the issuer of
Pledged ULC Shares; (c) be held out as shareholder or member of the issuer of

  

 36 

 
Pledged ULC Shares; (d) receive, directly or indirectly, any dividends, property or other distributions from the issuer of Pledged ULC Shares by reason of the Applicable First Lien
Representative holding a security interest in the Pledged ULC Shares; or (e) act as a shareholder or member of the issuer of Pledged ULC Shares, or exercise any rights of a shareholder or member including the right to attend a meeting of the
issuer of Pledged ULC Shares or vote the Pledged ULC Shares. 
  

 37 

 Schedule I 
 to the Collateral Agreement 
 Subsidiary Parties 
 Borden Chemical Foundry, LLC 
 Borden Chemical
International, Inc. 
 Borden Chemical Investments, Inc. 
 Hexion CI Holding Company (China) LLC 
 Hexion U.S. Finance Corp. 
 HSC Capital Corporation 
 Lawter International Inc.

 Oilfield Technology Group, Inc. 

 Schedule II 
 to the Collateral Agreement 
 COMMERCIAL TORT CLAIMS 
 None. 

 Schedule III 
 to the Collateral Agreement 
 CAPITAL STOCK; DEBT SECURITIES

 CAPITAL STOCK 
  

							
	 Number of Issuer Certificate
	  	 Registered Owner
	  	 Number and Class
 of Equity Interest
	  	Percentage of
Equity Interests
	 Hexion Specialty Chemicals, Inc.
 No. 3
	  	Hexion LLC	  	82,556,847 shares of common stock	  	100%
				
	 North America Sugar Industries Incorporated
 No. B-2000
	  	Hexion Specialty Chemicals, Inc.	  	100 shares of common stock	  	100%
				
	 Oilfield Technology Group, Inc.
 C-2
	  	Hexion Specialty Chemicals, Inc.	  	100 shares of common stock	  	100%
				
	 Hexion 2 Nova Scotia Finance, ULC
 No. 2
	  	Hexion Specialty Chemicals, Inc.	  	100 shares of common stock	  	100%
				
	 Hexion Specialty Chemicals Canada, Inc.
 No. 18 and No. 19
	  	Hexion Specialty Chemicals, Inc.	  	489,866 common shares	  	100%
				
	 Hexion Nova Scotia Finance, ULC
 No. 2
	  	Hexion Specialty Chemicals, Inc.	  	200 shares of common stock	  	100%
				
	 Hexion US Finance Corp.
 No.
C-2
	  	Hexion Specialty Chemicals, Inc.	  	100 shares of common stock	  	100%
				
	 Hexion 2 US Finance Corp.
 No.
C-1
	  	Hexion Specialty Chemicals, Inc.	  	100 shares of common stock	  	100%
				
	 Borden Chemical Foundry, LLC
 No. 1
	  	Hexion Specialty Chemicals, Inc.	  	1,000 common units	  	100%
				
	 Borden Chemical Investments, Inc.
 No. C-4
	  	Hexion Specialty Chemicals, Inc.	  	100 shares of common stock	  	100%
				
	 Borden Chemical International, Inc.
 No. C-2
	  	Hexion Specialty Chemicals, Inc.	  	100 shares of common stock	  	100%
				
	 HSC Capital Corporation
 No. 3
	  	Hexion Specialty Chemicals, Inc.	  	1000 shares of common stock	  	100%
				
	 Hexion Specialty Chemicals Holding B.V.
 Uncertificated
	  	Hexion Specialty Chemicals, Inc.	  	N/A	  	100%
				
	 Lawter International Inc.
 C-2

	  	Hexion Specialty Chemicals, Inc.	  	100 shares of common stock	  	100%
				
	 Hexion CI Holding Company (China) LLC
 No. 1
	  	Lawter International, Inc.	  	100 units	  	100%

							
	 Number of Issuer Certificate
	  	 Registered Owner
	  	 Number and Class
 of Equity Interest
	  	Percentage of
Equity Interests
	Hexion Funing Holdings Limited	  		  		  	100%
	No. 1	  	Lawter International Inc.	  	3,500 shares	  	
	No. 2	  	Lawter International Inc.	  	6,500 shares	  	
				
	Hexion IAR Holdings (HK) Limited	  		  		  	100%
				
	No. 1	  	 Hexion CI Holding
 Company
(China) LLC
	  	3,500 shares	  	
	No. 2	  	 Hexion CI Holding
 Company
(China) LLC
	  	6,500 shares	  	
	Hexion Nanping Holdings Limited	  		  		  	100%
				
	No. 1	  	 Hexion CI Holding
 Company
(China) LLC
	  	3,500 shares	  	
	No. 2	  	 Hexion CI Holding
 Company
(China) LLC
	  	6,500 shares	  	
				
	 Hexion Specialty Chemicals Holding Germany GmbH
 Uncertificated
	  	Hexion Specialty Chemicals, Inc.	  	N/A	  	100%
				
	 Nimbus Merger Sub, Inc.
 No. 1
	  	Hexion Specialty Chemicals, Inc.	  	100 shares	  	100%
				
	Hexion Quimica S.A.	  		  		  	100%
				
	No. 14	  	Hexion Specialty Chemicals, Inc.	  	10,566 shares	  	
	No. 17	  	Hexion Specialty Chemicals, Inc.	  	307 shares	  	
	No. 18	  	Hexion Specialty Chemicals, Inc.	  	737 shares	  	

 DEBT SECURITIES 
  

							
	 Securities
	  	 Issuer
	  	 Lender
	  	 Initial Principal Amount

	 Pledged Global
 Intercompany
Note
	  	 U.S. Borrower and
 subsidiaries
	  	 U.S. Borrower and
 subsidiaries
	  	Amounts outstanding from time to time

 Schedule IV 
 to the Collateral Agreement 
 INTELLECTUAL PROPERTY 
  

	1.	Copyrights and copyright licenses 

 None. 
  

	2.	Patents and patent licenses 

  

	 	a.	Patents 

 Please see attached
Patent Schedule. 
  

	 	b.	Patent Licenses 

 Listed below,
are written licenses or sublicenses agreements now in effect regarding the U.S. Borrower or its Subsidiaries use of the patent rights: 
  

	 	(1)	Settlement and License Agreement with DSM regarding DSM’s US Patent No. 4,844,604 and foreign counterpart patents relating to the use of a particular adhesion
promoter for its optical fiber coatings. 

  

	3.	Trademarks and Trademark Licenses 

  

	 	a.	Trademarks 

 Please see attached
Trademark Schedule. 
  

	 	b.	Trademark Licenses 

  

									
	 Licensor
	  	 Licensee
	  	 Licensed Marks
	  	Effective
Date	  	 Term

	Hexion Specialty
Chemicals, Inc.	  	Southern Foods Group, L.P. (now owned by Dean Foods/ Suiza)	  	 BORDEN
 ELSIE
	  	9/4/1997	  	 5 years (Initial)
 Automatic 5
yr. Renewal

					
	Hexion Specialty
Chemicals, Inc.	  	Mid-American Dairymen, Inc. (n.k.a. Dairy Farmers of America “DFA”)	  	 BORDEN
 ELSIE
	  	12/31/97	  	 5 years (Initial)
 Automatic
Renewal

					
	Hexion Specialty
Chemicals, Inc.	  	Eagle Family Foods, Inc. (now owned by J.M. Smucker Company)	  	 BORDEN
 ELSIE
	  	1/23/1998	  	Perpetual
					
	Hexion Specialty
Chemicals, Inc.	  	Lotte Co. Ltd.	  	 BORDEN
 & LADY
BORDEN
	  	4/28/1994	  	 20 years
 Automatic Renewal

					
	Hexion Specialty
Chemicals, Inc.	  	B. F. Brands International, Inc.	  	 BORDEN
 ELSIE
	  	1/1/2008	  	 Perpetual 30 years
 Automatic
Renewal

					
	Hexion Specialty
Chemicals, Inc.	  	 MBI Inc
 (Danbury
Mint)
	  	Replicas of milk trucks	  	1/1/03	  	12/31/08
					
	Borden Chemical
Investments, Inc.	  	Hexion Specialty Chemicals, Inc.	  	Domestic Chemical Marks	  	4/3/96	  	 5 years
 Renewable

									
	 Licensor
	  	 Licensee
	  	 Licensed Marks
	  	Effective
Date	  	 Term

	Hexion Specialty Chemicals, Inc.	  	Premium Brands of Puerto Rico	  	 BORDEN
 ELSIE
	  	5/22/98	  	 10 years
 Renewable

					
	 Borden Chemical
 Investments,
Inc.
	  	Alba Adesivos Industria E Comercio, Ltda.	  	 Cascamite
 Casco
 Cascofix
 CascohobbyCascola
 Cascolac
 Cascolar
 Cascor
 Cascolor
 Cascophen
 Cascopox
 Cascorez
 Casco Pad
 Casotack
	  	3/30/06	  	Perpetual

 Trademark Schedule 
 US Trademarks owned by Hexion Specialty Chemicals, Inc., as successor in interest to (i) Resolution Performance Products LLC,
(ii) Resolution Specialty Materials LLC, (iii) Borden Chemical, Inc. or (iv) BDS Two, Inc.1: 
  

											
	 Trademark Name
	  	Application Number	  	Application/Filing Date	  	Registration Number	  	Registration Date	  	Expiration Date
	100-S	  	72222722	  	06-Jul-1965	  	0815679	  	27-Sep-1966	  	27-Sep-2016
	91	  	72017152	  	09-Oct-1956	  	647962	  	02-Jul-1957	  	
	ABCO	  	75370988	  	09-Oct-1997	  	2518946	  	18-Dec-2001	  	18-Dec-2011
	ABSIZE	  	73388035	  	23-Sep-1982	  	1258092	  	22-Nov-1983	  	03-Sep-2013
	ACE	  	77012374	  	03-Oct-2006	  	3328328	  	06-Nov-2007	  	06-Nov-2017
	ACFRAC (block)	  	73461465	  	18-Jan-1984	  	1309548	  	18-Dec-1984	  	18-Dec-2014
	ACPACK (STYLIZED LETTERS)	  	73535527	  	02-May-1985	  	1368489	  	05-Nov-1985	  	05-Nov-2015
	ACRYLAMAC	  	74585326	  	13-Oct-1994	  	1950642	  	23-Jan-1996	  	23-Jan-2016
	ACTIVATOR	  	77868379	  	09-Nov-2009	  		  		  	
	ALBECOR	  	77679281	  	26-Feb-2009	  		  		  	
	ALBECOR-BIO	  	77774581	  	06-Jul-2009	  		  		  	
	ALBEMAST	  	77357084	  	20-Dec-2007	  		  		  	
	ALBESTER	  	74556794	  	03-Aug-1994	  	1914408	  	29-Aug-1995	  	29-Aug-2015
	ALCURE	  	75424133	  	27-Jan-1998	  	2369143	  	18-Jul-2000	  	18-Jul-2010
	ALPHA-REZ	  	78299503	  	12-Sep-2003	  	2897359	  	26-Oct-2004	  	26-Oct-2014
	AQUAMAC	  	74610767	  	13-Oct-1994	  	1950840	  	23-Jan-1996	  	23-Jan-2016
	ARCHEMIS	  	78219628	  	27-Feb-2003	  	3056136	  	31-Jan-2006	  	31-Jan-2016
	ARICEL	  	74262172	  	03-Apr-1992	  	1787723	  	17-Aug-1993	  	17-Aug-2013
	AXILAT	  	79036425	  	18-Jan-2007	  	3392161	  	04-Mar-2008	  	04-Mar-2018
	Bakelite (Word)	  	72187976	  	04-Mar-1964	  	788887	  	04-May-1965	  	04-May-2015
	BENCHMARK	  	74669735	  	04-May-1995	  	1999367	  	10-Sep-1996	  	10-Sep-2016
	BETACURE	  	73648696	  	09-Mar-1987	  	1472754	  	19-Jan-1988	  	19-Jan-2018
	BONDSHIELD (Stylized)	  	78173010	  	10-Oct-2002	  	3024295	  	06-Dec-2005	  	06-Dec-2015
	BORD’N-SEAL (SPECIAL FORM)	  	78334920	  	02-Dec-2003	  	2990484	  	30-Aug-2005	  	30-Aug-2015

  

	1	 With respect to trademarks owned by predecessors of Hexion Specialty Chemicals, Inc., Hexion Specialty Chemicals, Inc. is in the process of recording
the owner as Hexion Specialty Chemicals, Inc. 

  

 1 

											
	 Trademark Name
	  	Application Number	  	Application/Filing Date	  	Registration Number	  	Registration Date	  	Expiration Date
	BORPAC (SPECIAL FORM)	  	78/351292	  	13-Jan-2004	  		  		  	
	BUREZ	  	76384208	  	15-Mar-2002	  	2890744	  	05-Oct-2004	  	05-Oct-2014
	BURNETTS	  	71014500	  	11-Nov-1905	  	53316	  	29-May-1906	  	
	CARBAMAC	  	74585327	  	13-Oct-1994	  	1950643	  	23-Jan-1996	  	23-Jan-2016
	CARDURA	  	72144546	  	14-May-1962	  	747425	  	02-Apr-1963	  	02-Apr-2013
	CASCAMITE	  	71440540	  	11-Feb-1941	  	388311	  	17-Jun-1941	  	17-Jun-2011
	CASCO	  	71126172	  	17-Dec-1919	  	132322	  	22-Jun-1920	  	22-Jun-2010
	CASCOMEL	  	72286999	  	15-Dec-1967	  	860354	  	19-Nov-1968	  	19-Nov-2018
	CASCOMELT	  	72182459	  	06-Dec-1963	  	785790	  	02-Mar-1965	  	02-Mar-2015
	CASCOPHEN	  	71434774	  	08-Aug-1940	  	0384795	  	04-Feb-1941	  	04-Feb-2011
	CASCO-RESIN	  	73106972	  	18-Nov-1976	  	1070827	  	09-Aug-1977	  	09-Aug-2017
	CASCOREZ	  	71519508	  	25-Mar-1947	  	435742	  	06-Jan-1948	  	06-Jan-2018
	CASCOWAX	  	73380608	  	18-Aug-1982	  	1251443	  	20-Sep-1983	  	20-Sep-2013
	CELLOBOND	  	73301102	  	16-Mar-1981	  	1252582	  	04-Oct-1993	  	04-Oct-2013
	CERAMAX	  	78340430	  	12-Dec-2003	  	2913251	  	21-Dec-2004	  	21-Dec-2014
	CHEMACOIL	  	74585328	  	13-Oct-1994	  	1952672	  	30-Jan-1996	  	30-Jan-2016
	CILC-N-KOTE	  	73072398	  	11-Sep-2006	  	1046209	  	17-Aug-1976	  	
	CINERGI	  	75106439	  	20-May-1996	  	2049160	  	01-Apr-1997	  	01-Apr-2017
	ConKur	  	77736258	  	13-May-2009	  		  		  	
	DATASHIELD	  	78009629	  	24-May-2000	  	2735553	  	06-Jul-2003	  	
	DATASHIELD (STYLIZED)	  	78/173186	  	10-Oct-2002	  	2913826	  	21-Dec-2004	  	21-Dec-2014
	DECOTHERM	  	73025056	  	24-Jun-1974	  	1069192	  	12-Jul-1977	  	12-Jul-2017
	DESIGN	  	72322773	  	26-Mar-1969	  	0889551	  	21-Apr-1970	  	26-Aug-2010
	DURAMAC	  	74585329	  	13-Oct-1994	  	1950644	  	23-Jan-1996	  	23-Jan-2016
	DURITE	  	71163717	  	11-May-1922	  	166026	  	27-Mar-1923	  	27-Mar-2013
	ECOBIND	  	78895887	  	30-May-2006	  	3321677	  	23-Oct-2007	  	23-Oct-2017
	ECO-REZ	  	77884699	  	02-Dec-2009	  		  		  	
	ELSIE	  	72231036	  	22-Oct-1965	  	810861	  	05-Jul-1966	  	
	ELSIE (DESIGN PLUS OVAL)	  	71/463642	  	25-Sep-1943	  	405706	  	15-Feb-1944	  	
	ELSIE BORDEN DESIGN	  	76/591578	  	11-May-2004	  	2,951,221	  	11-May-2004	  	
	ELSIE BORDEN DESIGN	  	75/747000	  	09-Jul-1999	  	2464457	  	26-Jun-2001	  	
	ELSIE DESIGN (COW HEAD)	  	576309	  	30-Mar-1949	  	529468	  	22-Aug-1950	  	
	ELSIE DESIGN (DAISY)	  	71440908	  	24-Feb-1941	  	397158	  	25-Aug-1942	  	
	ELSIE (DESIGN PLUS OVAL)	  	463642	  	25-Sep-1943	  	405706	  	15-Feb-1944	  	

  

 2 

											
	 Trademark Name
	  	Application Number	  	Application/Filing Date	  	Registration Number	  	Registration Date	  	Expiration Date
	ELSIE’S KITCHEN	  	75/703923	  	06-May-1999	  	2458209	  	05-Jun-2001	  	
	EPIKOTE	  	71629822	  	16-May-1952	  	570404	  	10-Feb-1953	  	10-Feb-2013
	EPIKURE	  	74444730	  	06-Oct-1993	  	2024235	  	17-Dec-1996	  	17-Dec-2016
	EPI-REZ	  	71555061	  	20-Apr-1948	  	534577	  	12-Dec-1950	  	12-Dec-2010
	EPI-REZ	  	72009030	  	29-May-1956	  	641951	  	26-Feb-1957	  	26-Feb-2017
	EPON	  	71693727	  	23-Aug-1955	  	0625682	  	24-Apr-1956	  	24-Apr-2016
	EPON	  	73257740	  	11-Apr-1980	  	1197554	  	15-Jun-1982	  	15-Jun-2012
	EPON HPT	  	73627410	  	28-Oct-1986	  	1444691	  	30-Jun-1987	  	30-Jun-2017
	EPONEX	  	73232524	  	24-Sep-1979	  	1192680	  	30-Mar-1982	  	30-Mar-2012
	EPONOL	  	72107216	  	26-Oct-1960	  	0720158	  	22-Aug-1961	  	22-Aug-2011
	FENTAK	  	78221480	  	04-Mar-2003	  	3000626	  	27-Sep-2005	  	27-Sep-2015
	FIRE PRF2	  	73830861	  	12-Oct-1989	  	1626489	  	11-Dec-1990	  	11-Dec-2010
	FLASHDRI	  	71348445	  	10-Mar-1934	  	0314647	  	03-Jul-1934	  	
	FLEX-REZ	  	78155861	  	20-Aug-2002	  	2830818	  	06-Apr-2004	  	06-Apr-2014
	FLUORON	  	73735967	  	23-Jun-1988	  	1520393	  	17-Jan-1989	  	17-Jan-2019
	FOREMOST ADHESIVES FORMULATOR	  	75732375	  	18-Jun-1999	  	2448500	  	01-May-2001	  	
	FOREMOST FORMULATOR	  	75731678	  	18-Jun-1999	  	2452240	  	15-May-2001	  	
	HALEX	  	72214881	  	24-Mar-1965	  	0815678	  	27-Sep-1966	  	27-Sep-2016
	HELOXY	  	78824899	  	28-Feb-2006	  	3236573	  	01-May-2007	  	01-May-2017
	HEXICRETE	  	77723297	  	27-Apr-2009	  	3732729	  	29-Dec-2009	  	29-Dec-2019
	HEXIJET	  	78895816	  	30-May-2006	  	3218046	  	13-Mar-2007	  	13-Mar-2017
	HEXION and X Device	  	78605244	  	08-Apr-2005	  	3415668	  	22-Apr-2008	  	22-Apr-2018
	HEXION (word)	  	78605207	  	08-Apr-2005	  	3432698	  	20-May-2008	  	20-May-2018
	HEXITHERM	  	77366449	  	08-Jan-2008	  	3588573	  	10-Mar-2009	  	10-Mar-2019
	HYDREAU	  	75713544	  	25-May-1999	  	2474221	  	31-Jul-2001	  	31-Jul-2011
	HYDRO KUP	  	75199075	  	18-Nov-1996	  	2161469	  	02-Jun-1998	  	
	HYDRO-REZ	  	76322557	  	09-Oct-2001	  	2571473	  	21-May-2002	  	21-May-2012
	HYDROSPERSE	  	73072399	  	22-Dec-1975	  	1046210	  	17-Aug-1976	  	
	IRLON11	  	73270223	  	14-Jul-1980	  	1191006	  	02-Mar-1982	  	23-May-2012
	KLEARSHIELD (STYLIZED)	  	78173117	  	10-Oct-2002	  	3013774	  	08-Nov-2005	  	08-Nov-2015
	KLEEROX	  	75455107	  	23-Mar-1998	  	2244630	  	11-May-1999	  	11-May-2019
	L-100	  	71578817	  	13-May-1949	  	0530987	  	19-Sep-1950	  	19-Sep-2010
	LAWTER	  	78425281	  	26-May-2004	  	3127705	  	08-Aug-2006	  	08-Aug-2016
	LITHKYD	  	73274063	  	14-Aug-1980	  	1217996	  	30-Nov-1982	  	17-Apr-2013
	LUBRIL	  	74401953	  	15-Jun-1993	  	1932479	  	07-Nov-1995	  	07-Nov-2015

  

 3 

											
	 Trademark Name
	  	Application Number	  	Application/Filing Date	  	Registration Number	  	Registration Date	  	Expiration Date
	LUCIWAX	  	73054974	  	12-Jun-1975	  	1049894	  	12-Oct-1976	  	12-Oct-2016
	MACOPOL	  	74585331	  	13-Oct-1994	  	1950646	  	23-Jan-1996	  	23-Jan-2016
	MINI-THERM	  	73207834	  	19-Mar-1976	  	1146987	  	17-Feb-1981	  	
	MIRREX	  	73360128	  	16-Apr-1982	  	1247475	  	09-Aug-1983	  	03-Sep-2013
	MIRRITE	  	73368296	  	07-Jun-1982	  	1251391	  	20-Sep-1983	  	12-Jun-2013
	MONO-LITH	  	78896039	  	30-May-2006	  	3218048	  	13-Mar-2007	  	13-Mar-2017
	NEW GEN	  	75783329	  	24-Aug-1999	  	2858210	  	29-Jun-2004	  	
	NORPOL	  	75454036	  	20-Mar-1998	  	2246001	  	18-May-1999	  	18-May-2019
	NYPOL	  	73084789	  	22-Apr-1976	  	1080103	  	27-Dec-1977	  	27-Dec-2017
	PERMALOID	  	75453571	  	20-Mar-1998	  	2384546	  	12-Sep-2000	  	12-Sep-2010
	PerviousCrete	  	77736145	  	13-May-2009	  		  		  	
	PETRO-REZ	  	73108197	  	01-Dec-1976	  	1073871	  	27-Sep-1977	  	27-Sep-2017
	PEXATE	  	72338781	  	24-Sep-1969	  	0903690	  	08-Dec-1970	  	12-Apr-2011
	PENTALYN	  	71430398	  	05-Apr-1940	  	380452	  	20-Aug-1940	  	
	PHENOMEL	  	78140736	  	02-Jul-2002	  	2849332	  	01-Jun-2004	  	01-Jun-2014
	PHENOMEL	  	78173186	  	10-Oct-2002	  	2913826	  	21-Dec-2004	  	
	PINEREZ	  	76389039	  	01-Apr-2002	  	2809808	  	03-Feb-2004	  	03-Feb-2014
	PLASTICRYL	  	75402835	  	10-Dec-1997	  	2260576	  	13-Jul-1999	  	13-Jul-2019
	POLYMAC	  	74585333	  	13-Oct-1994	  	1950647	  	23-Jan-1996	  	23-Jan-2016
	POLYMID	  	72126526	  	23-Aug-1961	  	0738065	  	25-Sep-1962	  	02-May-2013
	POLYSPERSE	  	73025057	  	24-Jun-1974	  	1046604	  	24-Aug-1976	  	24-Aug-2016
	POLY-SHIELD	  	75099314	  	06-May-1996	  	2052607	  	15-Apr-1997	  	
	PRIME PLUS	  	77877641	  	20-Nov-2009	  		  		  	
	PROGASOL	  	73595760	  	28-Apr-1986	  	1460464	  	13-Oct-1987	  	13-Oct-2017
	PROPTRAC	  	77114354	  	23-Feb-2007	  	3437184	  	27-May-2008	  	27-May-2018
	PROTACT	  	75845056	  	29-Nov-1999	  	2511107	  	20-Nov-2001	  	20-Nov-2011
	QUABOND (stylized)	  	71682061	  	21-Feb-1955	  	0614661	  	25-Oct-1955	  	25-Oct-2015
	RCCRETE	  	77735264	  	12-May-2009	  		  		  	
	REACTOL	  	76070741	  	13-Jun-2000	  	2477814	  	14-Aug-2001	  	14-Aug-2011
	REP OF ELSIE IN DAISY DESIGN	  	72017152	  	09-Oct-1956	  	647962	  	02-Jul-1957	  	
	RESOLUTION	  	76238388	  	10-Apr-2001	  	2743497	  	29-Jul-2003	  	
	RESOLUTION	  	78009629	  	24-May-2000	  	2735553	  	08-Jul-2003	  	
	REZIMAC	  	74585334	  	13-Oct-1994	  	1950648	  	23-Jan-1996	  	23-Jan-2016
	RUTAPHEN	  	74391999	  	18-May-1993	  	1867890	  	20-Dec-1994	  	20-Dec-2014
	SEACO	  	73428953	  	06-Jun-1983	  	1282904	  	26-Jun-2004	  	26-Jun-2014
	SETALIN	  	73489633	  	13-Jul-1984	  	1372000	  	26-Nov-1985	  	26-Nov-2015
	SMART PROPPANT	  	77672074	  	17-Feb-2009	  	3732651	  	29-Dec-2009	  	29-Dec-2019

  

 4 

											
	 Trademark Name
	  	Application Number	  	Application/Filing Date	  	Registration Number	  	Registration Date	  	Expiration Date
	SNOWTACK	  	78271598	  	08-Jul-2003	  	2945132	  	26-Apr-2005	  	26-Apr-2015
	SPECTRASHIELD (Stylized)	  	78172855	  	10-Oct-2002	  	2935507	  	22-Mar-2005	  	22-Mar-2015
	STRESS BOND	  	77877774	  	20-Nov-2009	  		  		  	
	STRUCTURFAST	  	75614963	  	04-Jan-1999	  	2402737	  	07-Nov-2000	  	07-Nov-2010
	STRUCTURSEAL	  	76162905	  	10-Nov-2000	  	2714167	  	06-May-2003	  	06-May-2013
	SUPRALEV	  	74225366	  	21-Nov-1991	  	1753482	  	23-Feb-1993	  	03-May-2013
	SYNTHEBOND	  	78369983	  	18-Feb-2004	  	2982204	  	02-Aug-2005	  	02-Aug-2015
	SYNTHESIZE	  	73308253	  	30-Apr-1981	  	1200788	  	13-Jul-1982	  	03-Apr-2012
	TEXALON	  	72185302	  	24-Jan-1964	  	0775599	  	25-Aug-1964	  	28-Jun-2014
	TEXBLEND	  	76338703	  	15-Nov-2001	  	2674496	  	14-Jan-2003	  	14-Jan-2013
	THERMEX	  	72121742	  	09-Jun-1961	  	0738456	  	02-Oct-1962	  	02-May-2013
	THERMOGEL	  	72390126	  	23-Apr-1971	  	0935897	  	20-Jun-1972	  	09-Sep-2012
	THE WORLD OF FIBER OPTICS (& Design)	  	76239062	  	10-Apr-2001	  	2602719	  	30-Jul-2002	  	
	THOR (stylized)	  	71353319	  	29-Jun-1934	  	0318619	  	30-Oct-1934	  	30-Oct-2014
	TRIONOL	  	72150175	  	31-Jul-1962	  	0758664	  	22-Oct-1963	  	13-Jun-2013
	ULTRA-REZ	  	74022948	  	26-Jan-1990	  	1621861	  	13-Nov-1990	  	25-Jan-2011
	VALUBOND	  	77877708	  	20-Nov-2009	  		  		  	
	VARIFLEX	  	73076931	  	11-Feb-1976	  	1047446	  	07-Sep-1976	  	
	VELVETOL	  	78610793	  	18-Apr-2005	  	3109049	  	27-Jun-2006	  	27-Jun-2016
	VEOVA	  	74251218	  	02-Mar-1992	  	1723117	  	13-Oct-1992	  	13-Oct-2012
	VERSATIC	  	77015123	  	05-Oct-2006	  	3271227	  	31-Jul-2007	  	31-Jul-2017
	WEBVAR	  	74674421	  	16-May-1995	  	2014972	  	12-Nov-1996	  	12-Nov-2016
	WONDER BOND	  	72274403	  	21-Jun-1967	  	0857305	  	24-Aug-1968	  	24-Aug-2018
	XRT	  	78163047	  	11-Sep-2002	  	2830843	  	06-Apr-2004	  	06-Apr-2014

  

 5 

 Patent Schedule 
 US Patents owned by Hexion Specialty Chemicals, Inc., as successor in interest to (i) Resolution Performance Products LLC,
(ii) Resolution Specialty Materials LLC and (iii) Borden Chemical, Inc.:2 
  

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	07/471032	  	26-Jan-90	  	4965331	  	23-Oct-90	  	26-Jan-10
	07/524010	  	16-May-90	  	5061742	  	29-Oct-91	  	16-May-10
	07/524350	  	16-May-90	  	5075155	  	24-Dec-91	  	16-May-10
	07/562206	  	2-Aug-90	  	5096983	  	17-Mar-92	  	2-Aug-10
	07/648780	  	31-Jan-91	  	5098964	  	24-Mar-92	  	31-Jan-11
	07/648778	  	31-Jan-91	  	5098965	  	24-Mar-92	  	31-Jan-11
	07/733424	  	22-Jul-91	  	5102702	  	7-Apr-92	  	22-Jul-11
	07/508063	  	10-Apr-90	  	5110495	  	5-May-92	  	10-Apr-10
	07/779667	  	21-Oct-91	  	5118889	  	2-Jun-92	  	21-Oct-11
	07/668826	  	13-Mar-91	  	5137987	  	11-Aug-92	  	13-Mar-11
	07/537398	  	13-Jun-90	  	5141974	  	25-Aug-92	  	13-Jun-10
	07/722983	  	28-Jun-91	  	5146006	  	8-Sep-92	  	28-Jun-11
	07/537316	  	13-Jun-90	  	5149730	  	22-Sep-92	  	13-Jun-10
	07/727457	  	9-Jul-91	  	5175250	  	29-Dec-92	  	9-Jul-11
	07/884247	  	11-May-92	  	5185388	  	9-Feb-93	  	11-May-12
	07/851376	  	12-Mar-92	  	5191128	  	2-Mar-93	  	12-Mar-12
	07/272287	  	17-Nov-88	  	5202051	  	13-Apr-93	  	13-Apr-10
	07/841179	  	25-Feb-92	  	5217665	  	8-Jun-93	  	25-Feb-12
	07/792004	  	14-Nov-91	  	5218038	  	8-Jun-93	  	14-Nov-11
	07/960144	  	13-Oct-92	  	5292972	  	8-Mar-94	  	13-Oct-12
	07/988247	  	9-Dec-92	  	5296520	  	22-Mar-94	  	9-Dec-12
	08/095931	  	22-Jul-93	  	5296584	  	22-Mar-94	  	20-May-12

  

	2	 With respect to patents owned by predecessors to Hexion Specialty Chemicals, Inc., Hexion Specialty Chemicals, Inc. is in the process of recording the
owner as Hexion Specialty Chemicals, Inc. 

  

 1 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	07/773895	  	25-Oct-91	  	5304225	  	19-Apr-94	  	25-Oct-11
	08/166096	  	13-Dec-93	  	5317050	  	31-May-94	  	9-Dec-12
	08/201361	  	24-Feb-94	  	5334675	  	2-Aug-94	  	9-Dec-12
	08/110574	  	23-Aug-93	  	5345001	  	6-Sep-94	  	23-Aug-13
	07/868933	  	16-Apr-92	  	5352712	  	4-Oct-94	  	4-Oct-11
	07/960008	  	13-Oct-92	  	5378793	  	3-Jan-95	  	13-Oct-12
	08/204782	  	2-Mar-94	  	5395913	  	7-Mar-95	  	2-Mar-14
	08/138350	  	18-Oct-93	  	5399606	  	21-Mar-95	  	18-Oct-13
	07/742531	  	8-Aug-91	  	5416531	  	9-8-91	  	
	08/214076	  	16-Mar-94	  	5424365	  	13-Jun-95	  	16-Mar-14
	08/294645	  	23-Aug-94	  	5429865	  	4-Jul-95	  	23-Aug-14
	08/189971	  	1-Feb-94	  	5436279	  	25-Jul-95	  	1-Feb-14
	08/119026	  	9-Sep-93	  	5439863	  	8-Aug-95	  	9-Sep-13
	08/128932	  	29-Sep-93	  	5442035	  	15-Aug-95	  	29-Sep-13
	08/119031	  	9-Sep-93	  	5444030	  	22-Aug-95	  	9-Sep-13
		  	30-Jun-94	  	5446089	  	29-Aug-95	  	15-Dec-12
	07/263548	  	27-Oct-88	  	5458959	  	17-Oct-95	  	17-Oct-12
	08/274949	  	14-Jul-94	  	5480960	  	2-Jan-96	  	14-Jul-14
	08/212302	  	14-Mar-94	  	5489619	  	6-Feb-96	  	6-Feb-13
	08/487337	  	7-Jun-95	  	5498647	  	12-Mar-96	  	12-Mar-13
	08/424846	  	19-Apr-95	  	5500461	  	19-Mar-96	  	19-Apr-15
	08/474350	  	7-Jun-95	  	5500462	  	19-Mar-96	  	19-Mar-13
	08/313721	  	27-Sep-94	  	5525698	  	11-Jun-96	  	27-Sep-14
	08/341172	  	16-Nov-94	  	5527835	  	18-Jun-96	  	18-Jun-13
	08/426273	  	21-Apr-95	  	5536529	  	16-Jul-96	  	16-Jul-13
	08/454585	  	31-May-95	  	5538791	  	23-Jul-96	  	23-Jul-13
	08/420550	  	12-Apr-95	  	5539073	  	23-Jul-96	  	12-Apr-15
	08/436187	  	15-Nov-93	  	5552519	  	3-Sep-96	  	15-Nov-13
	08/388133	  	13-Feb-95	  	5556705	  	17-Sep-96	  	13-Feb-15
	08/572199	  	13-Dec-95	  	5569536	  	29-Oct-96	  	13-Dec-15

  

 2 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	07/811980	  	23-Dec-91	  	5578668	  	26-Nov-96	  	26-Nov-13
	08/587984	  	17-Jan-96	  	5587403	  	24-Dec-96	  	24-Apr-12
	08/625839	  	1-Apr-96	  	5597876	  	28-Jan-97	  	1-Apr-16
	08/391038	  	21-Feb-95	  	5621036	  	15-Apr-97	  	21-Feb-15
	08/585380	  	1-Jan-96	  	5623031	  	22-Apr-97	  	1-Jan-16
	08/469824	  	6-Jun-95	  	5635583	  	3-Jun-97	  	6-Jun-15
	08/555047	  	8-Nov-95	  	5637374	  	10-Jun-97	  	15-Dec-12
	08/700764	  	12-Aug-96	  	5637654	  	10-Jun-97	  	12-Aug-16
	08/411887	  	28-Mar-95	  	5639806	  	17-Jun-97	  	28-Mar-15
	08/430281	  	28-Apr-95	  	5639846	  	17-Jun-97	  	17-Jun-14
	08/225890	  	11-Apr-94	  	5648404	  	15-Jul-97	  	15-Jul-14
	08/495047	  	26-Jun-95	  	5650478	  	22-Jul-97	  	26-Jun-15
	08/487317	  	7-Jun-95	  	5684114	  	4-Nov-97	  	4-Nov-14
	08/416192	  	4-Apr-95	  	5686506	  	11-Nov-97	  	4-Apr-15
	08/422318	  	13-Apr-95	  	5700587	  	23-Dec-97	  	23-Dec-14
	08/647923	  	30-Nov-94	  	5711792	  	27-Jan-98	  	27-Jan-15
	08/504277	  	19-Jul-95	  	5723703	  	3-Mar-98	  	19-Jul-15
	08/566574	  	28-Nov-95	  	5739186	  	14-Apr-98	  	28-Nov-15
	08/582855	  	4-Jan-96	  	5739213	  	14-Apr-98	  	4-Jan-16
	08/896118	  	17-Jul-97	  	5741835	  	21-Apr-98	  	17-Jul-17
	08/740664	  	31-Oct-96	  	5744514	  	28-Apr-98	  	31-Oct-16
	08/958348	  	27-Oct-97	  	5811198	  	22-Sep-98	  	
	08/768055	  	16-Dec-96	  	5840215	  	24-Nov-98	  	16-Dec-16
	08/861430	  	21-May-97	  	5869590	  	9-Feb-99	  	12-Apr-16
	08/889605	  	8-Jul-97	  	5880246	  	9-Mar-99	  	8-Jul-17
	08/861408	  	21-May-97	  	5880297	  	9-Mar-99	  	21-May-17
	08/187006	  	17-Mar-94	  	5881194	  	9-Mar-99	  	9-Mar-16
	08/988567	  	11-Dec-97	  	5891966	  	6-Apr-99	  	11-Dec-17
	09/032892	  	27-Feb-98	  	5900468	  	4-May-99	  	27-Feb-18
	08/487552	  	7-Jun-95	  	5902442	  	11-May-99	  	11-May-16

  

 3 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	08/575637	  	20-Dec-95	  	5908873	  	1-Jun-99	  	20-Dec-15
	09/053541	  	1-Apr-98	  	5910521	  	8-Jun-99	  	1-Apr-18
	08/810449	  	4-Mar-97	  	5916933	  	29-Jun-99	  	28-Mar-15
	08/704259	  	28-Aug-96	  	5916966	  	29-Jun-99	  	6-Jun-15
	08/963483	  	3-Nov-97	  	5952440	  	14-Sep-99	  	3-Nov-17
	08/861437	  	21-May-97	  	5962556	  	5-Oct-99	  	21-May-17
	08/906660	  	7-Aug-97	  	5962584	  	5-Oct-99	  	7-Aug-17
	08/558357	  	16-Nov-95	  	5962629	  	5-Oct-99	  	16-Nov-15
	08/930637	  	20-Jan-98	  	5977214	  	2-Nov-99	  	20-Jan-18
	09/057834	  	9-Apr-98	  	5980597	  	9-Nov-99	  	9-Apr-18
	09/030111	  	25-Feb-98	  	5981796	  	9-Nov-99	  	25-Feb-18
	08/978073	  	25-Nov-97	  	5998508	  	7-Dec-99	  	25-Nov-17
	09/158584	  	22-Sep-98	  	6001950	  	14-Dec-99	  	22-Sep-18
	09/063750	  	21-Apr-98	  	6005060	  	21-Dec-99	  	21-Apr-18
	09/067373	  	27-Apr-98	  	6011186	  	4-Jan-00	  	27-Apr-18
	08/906659	  	7-Aug-97	  	6013725	  	11-Jan-00	  	7-Aug-17
	08/977977	  	25-Nov-97	  	6013757	  	11-Jan-00	  	25-Nov-17
	09/142102	  	23-Jan-98	  	6014488	  	11-Jan-00	  	23-Jan-18
	08/532807	  	10-May-94	  	6015846	  	18-Jan-00	  	18-Jan-17
	08/883505	  	26-Jun-97	  	6015873	  	18-Jan-00	  	26-Jun-17
	08/965661	  	6-Nov-97	  	6024839	  	15-Feb-00	  	6-Nov-17
	08/806148	  	25-Feb-97	  	6046252	  	2-Apr-00	  	11-Apr-14
	08/989618	  	12-Dec-97	  	6048911	  	11-Apr-00	  	12-Dec-17
	08/932396	  	17-Sep-97	  	6050047	  	18-Apr-00	  	12-Apr-16
	09/223481	  	30-Dec-98	  	6060611	  	9-May-00	  	30-Dec-18
	09/085209	  	27-May-98	  	6063876	  	16-May-00	  	27-May-18
	09/101474	  	8-Jan-97	  	6080806	  	27-Jun-00	  	8-Jan-17
	09/033963	  	3-Mar-98	  	6084039	  	4-Jul-00	  	3-Mar-18
	09/259343	  	1-Mar-99	  	6122428	  	19-Sep-00	  	19-Sep-17
	09/095090	  	10-Jun-98	  	6127459	  	3-Oct-00	  	10-Jun-18

  

 4 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	08/859518	  	2-May-97	  	6127508	  	3-Oct-00	  	2-May-17
	09/155256	  	30-Jan-98	  	6132549	  	17-Oct-00	  	30-Jan-18
	09/091301	  	4-Oct-98	  	6133403	  	17-Oct-00	  	23-Dec-16
	09/443871	  	19-Nov-99	  	6136894	  	24-Oct-00	  	19-Nov-19
	09/449870	  	29-Nov-99	  	6136944	  	24-Oct-00	  	29-Nov-19
	08/967634	  	10-Nov-97	  	6136991	  	24-Oct-00	  	21-May-17
	09/404025	  	23-Sep-99	  	6140421	  	31-Oct-00	  	22-Sep-18
	09/116922	  	17-Jul-98	  	6143809	  	7-Nov-00	  	17-Jul-18
	08/192077	  	4-Feb-94	  	6150492	  	21-Nov-00	  	21-Nov-17
	09/301315	  	29-Apr-99	  	6159405	  	12-Dec-00	  	29-Apr-19
	09/123105	  	27-Jul-98	  	6174947	  	16-Jan-01	  	27-Jul-18
	09/040846	  	18-Mar-98	  	6187698	  	13-Feb-01	  	18-Mar-18
	09/421168	  	19-Oct-99	  	6187875	  	13-Feb-01	  	19-Oct-19
	09/421641	  	20-Oct-99	  	6201094	  	13-Mar-01	  	22-Sep-18
	09/421727	  	20-Oct-99	  	6211406	  	3-Apr-01	  	20-Oct-19
	09/213595	  	17-Dec-98	  	6214265	  	10-Apr-01	  	17-Dec-18
	09/116923	  	17-Jul-98	  	6221934	  	24-Apr-01	  	17-Jul-18
	09/635381	  	9-Aug-00	  	6232399	  	15-May-01	  	23-Sep-19
	09/322633	  	28-May-99	  	6232411	  	15-May-01	  	28-May-19
	09/223549	  	30-Dec-98	  	6235931	  	22-May-01	  	30-Dec-18
	09/298153	  	23-Apr-99	  	6239248	  	29-May-01	  	22-Sep-18
	09/133485	  	12-Aug-98	  	6242528	  	5-Jun-01	  	12-Aug-18
	09/156050	  	18-Sep-98	  	6248843	  	19-Jun-01	  	18-Sep-18
	09/360963	  	27-Jul-99	  	6255365	  	3-Jul-01	  	27-Jul-19
	09/156254	  	18-Sep-98	  	6255523	  	3-Jul-01	  	18-Sep-18
	09/490522	  	25-Jan-00	  	6274682	  	14-Aug-01	  	25-Jan-20
	09/095079	  	10-Jun-98	  	6277928	  	21-Aug-01	  	10-Jun-18
	09/242380	  	16-Sep-99	  	6284845	  	4-Sep-01	  	16-Sep-19
	09/464552	  	16-Dec-99	  	6291578	  	18-Sep-01	  	16-Dec-19
	09/388966	  	2-Sep-99	  	6291723	  	18-Sep-01	  	2-Sep-19

  

 5 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	09/213955	  	17-Dec-98	  	6294117	  	25-Sep-01	  	17-Dec-18
	09/102983	  	22-Jun-98	  	6294691	  	25-Sep-01	  	22-Jun-18
	09/634240	  	8-Aug-00	  	6306241	  	23-Oct-01	  	10-Aug-18
	08/950427	  	15-Oct-97	  	6307095	  	23-Oct-01	  	15-Oct-17
	09/735813	  	13-Dec-00	  	6316583	  	13-Nov-01	  	22-Sep-18
	09/321610	  	28-May-99	  	6333378	  	25-Dec-01	  	12-Aug-18
	09/566314	  	8-May-00	  	6342615	  	29-Jan-02	  	21-May-17
	09/413380	  	6-Oct-99	  	6353081	  	5-Mar-02	  	6-Oct-19
	09/635909	  	10-Aug-00	  	6359037	  	19-Mar-02	  	10-Aug-20
	09/456363	  	8-Dec-99	  	6365646	  	2-Apr-02	  	8-Dec-19
	09/525138	  	14-Mar-00	  	6372295	  	16-Apr-02	  	14-Mar-20
	09/617166	  	17-Jul-00	  	6372878	  	16-Apr-02	  	17-Jul-20
	09/765819	  	20-Jan-01	  	6379800	  	30-Apr-02	  	22-Jun-20
	09/659726	  	11-Sep-00	  	6384116	  	7-May-02	  	11-Sep-20
	09/365418	  	2-Aug-99	  	6387501	  	14-May-02	  	2-Aug-19
	09/696577	  	25-Oct-00	  	6388024	  	14-May-02	  	25-Oct-20
	09/509762	  	9-Jul-99	  	6391952	  	21-May-02	  	9-Jul-19
	09/212083	  	15-Dec-98	  	6395845	  	28-May-02	  	15-Dec-18
	09/486144	  	22-May-00	  	6406789	  	18-Jun-02	  	22-Jul-19
	09/813179	  	9-May-01	  	6410658	  	25-Jun-02	  	9-May-21
	09/465279	  	16-Dec-99	  	6416696	  	9-Jul-02	  	16-Dec-19
	09/404527	  	23-Sep-99	  	6433217	  	13-Aug-02	  	23-Sep-19
	09/588019	  	6-Jun-00	  	6449413	  	10-Sep-02	  	10-Sep-19
	09/260568	  	2-Mar-99	  	6455607	  	24-Sep-02	  	20-Dec-15
	09/674114	  	28-Apr-99	  	6469097	  	22-Oct-02	  	28-Apr-19
	09/661458	  	13-Sep-00	  	6478998	  	12-Nov-02	  	13-Sep-20
	10/115076	  	4-Apr-02	  	6498883	  	24-Dec-02	  	4-Apr-22
	09/469209	  	21-Dec-99	  	6492483	  	10-Dec-02	  	21-Dec-19
	10/115076	  	4-Apr-02	  	6498883	  	24-Dec-02	  	4-Apr-22
	09/704023	  	1-Nov-00	  	6500546	  	31-Dec-02	  	1-Nov-20

  

 6 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	09/660369	  	12-Sep-00	  	6500912	  	31-Dec-02	  	12-Sep-20
	09/807155	  	17-Aug-01	  	6501890	  	31-Dec-02	  	9-Aug-20
	09/784624	  	15-Feb-01	  	6515047	  	4-Feb-03	  	5-Mar-21
	09/694442	  	23-Oct-00	  	6515166	  	4-Feb-03	  	23-Oct-20
	08/641827	  	2-May-96	  	6528157	  	4-Mar-03	  	2-May-16
	10/351903	  	27-Jan-03	  	7001938	  	21-Feb-06	  	27-Jan-23
	10/094136	  	11-Mar-02	  	6534598	  	18-Mar-03	  	11-Mar-22
	09/068510	  	11-Aug-98	  	6541576	  	1-Apr-03	  	12-Nov-16
	09/867269	  	29-May-01	  	6541595	  	1-Apr-03	  	29-May-21
	09/596269	  	16-Jun-00	  	6548601	  	15-Apr-03	  	16-Jun-20
	09/963711	  	27-Sep-01	  	6572804	  	3-Jun-03	  	27-Sep-21
	09/602398	  	23-Jun-00	  	6573357	  	3-Jun-03	  	18-Jul-19
	09/774881	  	1-Feb-01	  	6582819	  	24-Jun-03	  	22-Jul-19
	09/242553	  	18-Feb-99	  	6582884	  	24-Jun-03	  	9-Jun-18
	09/993196	  	16-Nov-01	  	6585820	  	1-Jul-03	  	21-Nov-21
	09/940961	  	28-Aug-01	  	6605354	  	12-Aug-03	  	28-Aug-21
	09/518506	  	3-Mar-00	  	6608161	  	19-Aug-03	  	3-Mar-20
	10/099410	  	15-Mar-02	  	6608162	  	19-Aug-03	  	15-Mar-22
	10/023780	  	14-Dec-01	  	6620901	  	16-Sep-03	  	14-Dec-21
	09/701609	  	27-Mar-00	  	6628866	  	30-Sep-03	  	27-Mar-20
	09/450588	  	30-Nov-99	  	6632527	  	14-Oct-03	  	22-Jul-19
	09/773796	  	1-Feb-01	  	6641761	  	4-Nov-03	  	17-Dec-18
	09/794976	  	27-Feb-01	  	6641762	  	4-Nov-03	  	17-Dec-18
	10/073692	  	11-Feb-02	  	6646065	  	11-Nov-03	  	11-Feb-22
	10/018707	  	17-Dec-01	  	6646094	  	11-Nov-03	  	15-Oct-20
	09/785098	  	16-Feb-01	  	6653398	  	25-Nov-03	  	14-Jul-21
	10/073691	  	11-Feb-02	  	6653412	  	25-Nov-03	  	11-Feb-22
	09/733290	  	8-Dec-00	  	6653436	  	25-Nov-03	  	10-Jan-21
	10/357720	  	4-Feb-03	  	6663707	  	16-Dec-03	  	16-Nov-21
	10/145829	  	14-May-02	  	6677426	  	13-Jan-04	  	14-May-22

  

 7 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	10/365873	  	13-Feb-03	  	6699958	  	2-Mar-04	  	13-Feb-23
	10/342799	  	15-Jan-03	  	6710101	  	23-Mar-04	  	15-Jan-23
	10/070623	  	4-Mar-02	  	6716729	  	6-Apr-04	  	31-Dec-20
	10/235326	  	5-Sep-02	  	6780511	  	24-Aug-04	  	29-Nov-22
	10/041913	  	8-Jan-02	  	6818707	  	16-Nov-04	  	8-Feb-23
	10/346350	  	16-Jan-03	  	6825278	  	30-Nov-04	  	16-Jan-23
	10/250612	  	7-Jul-03	  	6881799	  	19-Apr-05	  	7-Jul-23
	10/091086	  	5-Mar-02	  	6906425	  	14-Jun-05	  	27-Mar-23
	10/121927	  	12-Apr-02	  	6911493	  	28-Jun-05	  	29-Nov-22
	10/356286	  	31-Jan-03	  	6946509	  	20-Sep-05	  	3-Mar-23
	10/671224	  	24-Sep-03	  	6956086	  	18-Oct-05	  	31-Mar-24
	10/323067	  	19-Dec-02	  	6982044	  	3-Jan-06	  	19-Dec-22
	10/101038	  	19-Mar-02	  	6984675	  	10-Jan-06	  	1-Dec-22
	10/456429	  	6-Jun-03	  	6989413	  	24-Jan-06	  	17-Feb-20
	10/351903	  	27-Jan-03	  	7001938	  	21-Feb-06	  	11-Apr-23
	10/121396	  	12-Apr-02	  	7060745	  	13-Jun-06	  	6-Oct-22
	10/507301	  	8-Sep-04	  	7073586	  	11-Jul-06	  	22-Sep-24
	10/639414	  	12-Aug-03	  	7101924	  	5-Sep-06	  	7-Jun-24
	10/416745	  	13-May-03	  	7129286	  	31-Oct-06	  	7-Jan-24
	10/484129	  	16-Jan-04	  	7151192	  	19-Dec-06	  	8-Dec-24
	10/445899	  	28-May-03	  	7153575	  	26-Dec-06	  	8-Nov-23
	10/639576	  	12-Aug-03	  	7173081	  	6-Feb-07	  	21-Apr-24
	10/639723	  	12-Aug-03	  	7186769	  	6-Mar-07	  	1-Oct-23
	10/639726	  	12-Aug-03	  	7189780	  	13-Mar-07	  	7-May-24
	10/420910	  	23-Apr-03	  	7238386	  	3-Jul-07	  	5-Feb-25
	10/800841	  	15-Mar-04	  	7256226	  	14-Aug-07	  	12-Sep-25
	10/875877	  	24-Jun-04	  	7262237	  	28-Aug-07	  	12-Jan-24
	10/760326	  	20-Jan-04	  	7262238	  	28-Aug-07	  	22-Oct-24
	10/825087	  	15-Apr-04	  	7270879	  	18-Sep-07	  	1-Apr-25
	10/441171	  	19-May-03	  	7276555	  	2-Oct-07	  	31-Mar-24

  

 8 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	10/712512	  	13-Nov-03	  	7285590	  	23-Oct-07	  	4-Mar-24
	11/219276	  	2-Sep-05	  	7294189	  	13-Nov-07	  	4-Jun-26
	10/617104	  	10-Jul-03	  	7321020	  	22-Jan-08	  	10-Jul-23
	11/248105	  	12-Oct-05	  	7323534	  	29-Jan-08	  	12-Oct-25
	10/607514	  	26-Jun-03	  	7326739	  	5-Feb-08	  	13-Mar-21
	10/487318	  	20-Feb-04	  	7358312	  	15-Apr-08	  	19-Nov-23
	11/410738	  	25-Apr-06	  	7374610	  	20-May-08	  	13-Aug-26
	11/242745	  	4-Oct-05	  	7424911	  	16-Sep-08	  	7-Jul-26
	11/520234	  	13-Sep-06	  	7450053	  	11-Nov-08	  	6-Nov-26
	10/525912	  	25-Feb-05	  	7473712	  	6-Jan-09	  	10-Apr-24
	10/525917	  	25-Feb-05	  	7473713	  	6-Jan-09	  	8-Mar-24
	10/537691	  	6-Jun-05	  	7488383	  	10-Feb-09	  	5-Feb-25
	10/541804	  	7-Jul-05	  	7563826	  	21-Jul-09	  	
	10/667648	  	22-Sep-03	  	7592067	  	22-Sep-09	  	22-Sep-23
	11/520229	  	13-Sep-06	  	7598898	  	6-Oct-09	  	
	11/726573	  	22-Mar-07	  	7624802	  	1-Dec-09	  	13-May-27
	10/528471	  	21-Mar-05	  		  		  	
	10/538681	  	10-Jun-05	  		  		  	12-Dec-23
	10/574413	  	17-Sep-07	  		  		  	8-Oct-24
	10/612606	  	2-Jul-03	  		  		  	
	11/053682	  	9-Feb-05	  		  		  	
	11/192983	  	29-Jul-05	  		  		  	
	11/230693	  	20-Sep-05	  		  		  	
	11/437018	  	18-May-06	  		  		  	
	11/473734	  	23-Jun-06	  		  		  	
	11/487622	  	17-Jul-06	  		  		  	
	11/501575	  	9-Aug-06	  		  		  	
	11/631802	  	5-Jan-07	  		  		  	
	11/701217	  	1-Feb-07	  		  		  	
	11/915218	  	15-May-08	  		  		  	

  

 9 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	11/956662	  	14-Dec-07	  		  		  	
	11/973787	  	10-Oct-07	  		  		  	
	11/996631	  	20-Jul-06	  		  		  	
	12/037231	  	26-Feb-08	  		  		  	
	12/063609	  	12-Dec-08	  		  		  	
	12/088544	  	12-Sep-07	  		  		  	
	12/135813	  	9-Jun-08	  		  		  	
	12/145667	  	25-Jun-08	  		  		  	
	12/145871	  	25-Jun-08	  		  		  	
	12/226159	  	9-Oct-08	  		  		  	
	12/268856	  	11-Nov-08	  		  		  	
	12/335238	  	15-Dec-08	  		  		  	
	12/360655	  	27-Jan-09	  		  		  	
	12/406579	  	18-Mar-09	  		  		  	
	12/406840	  	18-Mar-09	  		  		  	
	12/436217	  	6-May-09	  		  		  	
	12/437717	  	8-May-09	  		  		  	
	12/437747	  	8-May-09	  		  		  	
	12/498481	  	7-Jul-09	  		  		  	
	12/500967	  	10-Jul-09	  		  		  	
	12/508197	  	23-Jul-09	  		  		  	
	12/542034	  	17-Aug-09	  		  		  	
	12/564479	  	22-Sep-09	  		  		  	
	12/571878	  	1-Oct-09	  		  		  	
	12/599011	  	23-Jun-08	  		  		  	
	12/605990	  	26-Oct-09	  		  		  	
	12/639726	  	16-Dec-09	  		  		  	
	12/642343	  	18-Dec-09	  		  		  	
	12/642420	  	18-Dec-09	  		  		  	
	61/149879	  	4-Feb-09	  		  		  	

  

 10 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	61/156231	  	27-Feb-09	  		  		  	
	61/218506	  	19-Jun-09	  		  		  	
	61/218508	  	19-Jun-09	  		  		  	
	61/239535	  	3-Sep-09	  		  		  	
	61/286272	  	14-Dec-09	  		  		  	
	11/037094	  	18-Jan-05	  	US 7,645,196	  	12-Jan-10	  	18-Jan-25
	07/466179	  		  		  		  	
	07/349544	  		  		  		  	
	07/158019	  		  		  		  	
	07/149569	  		  		  		  	
	07/096812	  		  		  		  	
	06/880260	  		  		  		  	
	06/86623	  		  		  		  	
	10/880746	  	29-Jun-04	  		  		  	
	10/869271	  	16-Jun-04	  		  		  	
	10/44487	  	23-May-03	  		  		  	
	10/349673	  	23-Jan-03	  		  		  	

  

 11 

 Exhibit I 
 to Collateral Agreement 
 SUPPLEMENT
NO.              dated as of (this “Supplement”), to the Third Amended and Restated Collateral Agreement dated as of January 29, 2010 (the “Collateral
Agreement”), among HEXION LLC, a Delaware limited liability company, HEXION SPECIALTY CHEMICALS, INC., a New Jersey corporation, each Subsidiary Party party thereto and JPMORGAN CHASE BANK, N.A., as Applicable First Lien Representative (in
such capacity, the “Applicable First Lien Representative”) for the Secured Parties (as defined therein). 
 A.
Reference is made to the Third Amended and Restated Credit Agreement dated as of January 29, 2010 (as further amended, restated, supplemented, waived or otherwise modified from time to time, the “Credit Agreement”), among Hexion
LLC, Hexion Specialty Chemicals, Inc., Hexion Specialty Chemicals Canada, Inc., a Canadian corporation, Hexion Specialty Chemicals B.V., a company organized under the laws of The Netherlands, Hexion Specialty Chemicals UK Limited, a corporation
organized under the laws of England and Wales, and Borden Chemical UK Limited, a corporation organized under the laws of England and Wales, the Lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent (in such
capacity, the “Administrative Agent”) for the Lenders, the other agent banks party thereto and J.P. Morgan Securities Inc., Credit Suisse Securities (USA) LLC and Citigroup Inc., as joint lead arrangers and joint bookrunners.

 B. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the
Credit Agreement and the Collateral Agreement referred to therein. 
 C. The Pledgors have entered into the Collateral Agreement
in order to induce the Lenders to make Loans and accept and purchase B/As and each Issuing Bank to issue Letters of Credit. Section 7.16 of the Collateral Agreement provides that additional Subsidiaries may become Subsidiary Parties under the
Collateral Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement in accordance with the requirements of the Credit
Agreement and any Other First Lien Agreement to become a Subsidiary Party under the Collateral Agreement and such Other First Lien Agreement in order to induce the Lenders to make additional Loans and accept and purchase additional B/As and each
Issuing Bank to issue additional Letters of Credit and as consideration for Loans previously made, B/As previously accepted, Letters of Credit previously issued and to induce the holders of any Other First Lien Obligations to make their respective
extensions of credit thereunder. 
 Accordingly, the Applicable First Lien Representative and the New Subsidiary agree as
follows: 
 SECTION 1. In accordance with Section 7.17 of the Collateral Agreement, the New Subsidiary by its
signature below becomes a Subsidiary Party and a Pledgor under the Collateral Agreement with the same force and effect as if originally named therein as a Subsidiary Party and a Pledgor, and the New Subsidiary hereby (a) agrees to all the terms
and provisions of the Collateral Agreement applicable to it as a Subsidiary Party and Pledgor thereunder and (b) represents and warrants that the representations and warranties made by it as a

 
Pledgor thereunder are true and correct on and as of the date hereof. In furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of the Obligations
(as defined in the Collateral Agreement), does hereby create and grant to the Applicable First Lien Representative, its successors and assigns, for the ratable benefit of the Secured Parties, their successors and assigns, a security interest in and
Lien on all the New Subsidiary’s right, title and interest in and to the Collateral (as defined in the Collateral Agreement) of the New Subsidiary. Each reference to a “Subsidiary Party” or a “Pledgor” in the Collateral
Agreement shall be deemed to include the New Subsidiary. The Collateral Agreement is hereby incorporated herein by reference. 
 SECTION 2. The New Subsidiary represents and warrants to the Applicable First Lien Representative and the other Secured Parties that this Supplement has been duly authorized, executed and delivered by it and constitutes its legal,
valid and binding obligation, enforceable against it in accordance with its terms, subject to (i) the effects of bankruptcy, insolvency, moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights
generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (iii) implied covenants of good faith and fair dealing. 
 SECTION 3. This Agreement may be executed in two or more counterparts, each of which shall constitute an original but all of which when
taken together shall constitute but one contract. This Supplement shall become effective when (a) the Applicable First Lien Representative shall have received a counterpart of this Supplement that bears the signature of the New Subsidiary and
(b) the Applicable First Lien Representative has executed a counterpart hereof. Delivery of an executed signature page to this Supplement by facsimile transmission shall be as effective as delivery of a manually signed counterpart of this
Supplement. 
 SECTION 4. The New Subsidiary hereby represents and warrants that (a) set forth on
Schedule I attached hereto is a true and correct schedule of the location of any and all Article 9 Collateral of the New Subsidiary, (b) set forth on Schedule II attached hereto is a true and correct schedule of all the
Pledged Stock of the New Subsidiary, (c) set forth on Schedule III attached hereto is a true and correct schedule of all Intellectual Property and (d) set forth under its signature hereto, is the true and correct legal name of the
New Subsidiary, its jurisdiction of formation, organizational ID number and the location of its chief executive office. 
 SECTION 5. Except as expressly supplemented hereby, the Collateral Agreement shall remain in full force and effect. 
 SECTION 6. THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 7. In the event any one or more of the provisions contained in this Supplement should be held invalid, illegal or unenforceable in
any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Collateral Agreement shall not in any way be affected or impaired thereby. The parties shall endeavor in good-faith

  

 -2- 

 
negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions. 
 SECTION 8. All communications and notices hereunder shall be in writing and given as provided in
Section 7.01 of the Collateral Agreement and the notice section of the Other First Lien Agreement. 
 SECTION 9. The New
Subsidiary agrees to reimburse the Applicable First Lien Representative for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, disbursements and other charges of counsel for the Applicable First
Lien Representative. 
  

 -3- 

 IN WITNESS WHEREOF, the New Subsidiary and the Applicable First Lien Representative have
duly executed this Supplement to the Collateral Agreement as of the day and year first above written. 
  

			
	[Name of New Subsidiary]
		
	By:	 	  

		 	Name:
		 	Title:
	
	Legal Name:
	
	Jurisdiction of Formation:
	
	Location of Chief Executive Office:

  

 -4- 

			
	 JPMORGAN CHASE BANK, N.A.,
 as Applicable First Lien Representative,

		
	By:	 	  

		 	Name:
		 	Title:

  

 -5- 

 Schedule I 
 to Supplement No.      to the 
 Collateral Agreement 

LOCATION OF ARTICLE 9 COLLATERAL 
  

			
	 Description
	 	 Location

 Schedule II 
 to Supplement No.      to the 
 Collateral Agreement

 Pledged Collateral of the New Subsidiary 
 EQUITY INTERESTS 
  

							
	 Number of Issuer
 Certificate
	 	 Registered Owner
	 	 Number and Class of
 Equity Interest
	 	 Percentage of
 Equity Interests

		 		 		 	
		 		 		 	
		 		 		 	

 DEBT SECURITIES 
  

							
	 Issuer
	 	 Principal Amount
	 	 Date of Note
	 	 Maturity Date

		 		 		 	
		 		 		 	
		 		 		 	

 OTHER PROPERTY 

 Schedule III 
 to Supplement No.      to the 
 Collateral Agreement

 Intellectual Property of the New Subsidiary 

 Exhibit II 
 to the Collateral Agreement 
 PERFECTION CERTIFICATE 
 Reference is made to the Third Amended and Restated Credit Agreement, dated as of January 29, 2010 (the “Amended and Restated
Credit Agreement”; terms defined therein being used herein as therein defined), among Hexion LLC, a Delaware limited liability company (“Holdings”), Hexion Specialty Chemicals, Inc., a New Jersey corporation (the
“U.S. Borrower”), Hexion Specialty Chemicals Canada, Inc., a Canadian corporation, Hexion Specialty Chemicals B.V., a company organized under the laws of The Netherlands (the “Dutch Borrower”), Hexion Specialty
Chemicals UK Limited, a limited liability company organized under the laws of England and Wales, Borden Chemical UK Limited, a limited liability company organized under the laws of England and Wales, the Lenders party thereto, JPMorgan Chase Bank,
N.A. as the administrative agent (the “Administrative Agent”), J.P. Morgan Securities Inc., Credit Suisse Securities (USA) LLC and Citigroup Global Markets Inc., as joint lead arrangers and joint bookrunners. Capitalized terms used
but not defined herein have the meanings assigned in the Credit Agreement or the Collateral Agreement referred to therein, as applicable. 
 The undersigned, a Financial Officer and a Legal Officer, respectively, of the U.S. Borrower and the Dutch Borrower, hereby certify to the Administrative Agent and each other Secured Party as follows:

  

	1.	Names. 

  

	(a).	The exact legal name of each Loan Party and each Guarantor that is not a Loan Party (each, a “Grantor” and collectively, the
“Grantors”), as such name appears in its respective certificate of formation, is as set forth on Schedule 1(a); 

  

	(b).	Set forth on Schedule 1(b) is each other legal name each Grantor has had in the past five years, together with the date of the relevant change;

  

	(c).	Except as set forth in Schedule 1(c) hereto, no Grantor has changed its identity or corporate structure in any way within the past five years. Changes in
identity or corporate structure would include mergers, consolidations and acquisitions, as well as any change in the form, nature or jurisdiction of organization. If any such change has occurred, include in Schedule 1(c) the information
required by Sections 1 and 2 of this certificate as to each acquiree or constituent party to a merger or consolidation; 

  

	(d).	Set forth on Schedule 1(d) is a list of all other names (including trade names or similar appellations) used by each Grantor or any of its divisions or other
business units in connection with the conduct of its business or the ownership of its properties at any time during the past five years; 

  

	(e).	Set forth on Schedule 1(e) is the Organizational Identification Number, if any, issued by the jurisdiction of formation of each Grantor that is a registered
organization; and 

  

	(f).	Set forth below on Schedule 1(f) is the Federal Taxpayer Identification Number of each Grantor. 

  

 1 

	2.	Current Locations. 

  

	(a).	The chief executive office of each Grantor is located at the address set forth on Schedule 2(a); 

  

	(b).	Set forth on Schedule 2(b) opposite the name of each Grantor are all locations where such Grantor maintains any books or records relating to any Accounts
Receivable (with each location at which chattel paper, if any, is kept being indicated by an “*”); 

  

	(c).	The jurisdiction of formation of each Grantor that is a registered organization is set forth on Schedule 2(c); 

  

	(d).	Set forth on Schedule 2(d) opposite the name of each Grantor are all the locations where such Grantor maintains any Equipment or other Collateral not identified
above; 

  

	(e).	Set forth on Schedule 2(e) opposite the name of each Grantor are all the places of business of such Grantor not identified in paragraph (a), (b), (c) or
(d) above; 

  

	(f).	Set forth on Schedule 2(f) is a list of all real property held by each Grantor, whether owned or leased and the name of the Grantor that owns or leases said
property; and 

  

	(g).	Set forth on Schedule 2(g) opposite the name of each Grantor are the names and addresses of all Persons other than such Grantor that have possession of any of
the Collateral of such Grantor. 

  

	3.	Unusual Transactions. Except for those set forth in Schedule 3, all Accounts have been originated by the Grantors and all Inventory has been acquired by
the Grantors in the ordinary course of business. 

  

	4.	Intentionally omitted. 

  

	5.	Intentionally omitted. 

  

	6.	Intentionally omitted. 

  

	7.	Stock Ownership and other Equity Interests. Attached hereto as Schedule 7 is a true and correct list of all the issued and outstanding stock,
partnership interests, limited liability company membership interests or other equity interest of the U.S. Borrower and each Subsidiary and the record and beneficial owners of such stock, partnership interests, membership interests or other equity
interests. Also set forth on Schedule 7 is each equity investment of Holdings, the U.S. Borrower or any Subsidiary that represents 50% or less of the equity of the entity in which such investment was made. 

 

	8.	Debt Instruments. Attached hereto as Schedule 8 is a true and correct list of all promissory notes and other evidence of indebtedness held by
Holdings, the U.S. Borrower and each Subsidiary that are required to be pledged under the Collateral Agreement, including all intercompany notes between Holdings and each Subsidiary of Holdings and each Subsidiary of Holdings and each other such
Subsidiary. 

  

 2 

	9.	Assignment of Claims Act. Attached hereto as Schedule 9 is a true and correct list of all written contracts entered into with the U.S. federal
government or any agency or department thereof (“Government Contracts”) of each Grantor that as of the date hereof constitute material contracts, setting forth the contract number, name and address of contracting officer (or other
party to whom a notice of assignment under the Assignment of Claims Act should be sent), contract start date and end date, agency with which the contract was entered into, and a description of the contract type. 

  

	10.	Advances. Attached hereto as Schedule 10 is (a) a true and correct list of all advances made by the U.S. Borrower to any Subsidiary of the U.S.
Borrower or made by any Subsidiary of the U.S. Borrower to the U.S. Borrower or to any other Subsidiary of the U.S. Borrower (other than those identified on Schedule 8), which advances will be on and after the date hereof evidenced by
one or more intercompany notes pledged to the Administrative Agent under the Collateral Agreement and (b) a true and correct list of all unpaid intercompany transfers of goods in excess of $250,000 sold and delivered by the U.S. Borrower or any
other Loan Party to the U.S. Borrower or any Subsidiary of the U.S. Borrower (other than intercompany Indebtedness incurred in the ordinary course of business in connection with the cash management operations and intercompany sales of the U.S.
Borrower and each Subsidiary). 

  

	11.	Intentionally omitted. 

  

	12.	Intellectual Property. Attached hereto as Schedule 12(a) in proper form for filing with the United States Patent and Trademark Office is a schedule
setting forth all of each Grantor’s: (i) Patents and Patent Applications, including the name of the registered owner, type, registration or application number and the expiration date (if already registered) of each Patent and Patent
Application owned by any Grantor; (ii) Trademarks and Trademark Applications, including the name of the registered owner, the registration or application number and the expiration date (if already registered) of each Trademark and Trademark
application owned by any Grantor. Attached hereto as Schedule 12(b) in proper form for filing with the United States Copyright Office is a schedule setting forth all of each Grantor’s Copyrights and Copyright Applications, including
the name of the registered owner, title, the registration number or application number and the expiration date (if already registered) of each Copyright or Copyright Application owned by any Grantor. 

  

	13.	Commercial Tort Claims. Attached hereto as Schedule 13 is a true and correct list of commercial tort claims in excess of $500,000 held by any Grantor,
including a brief description thereof. 

  

 3 

 IN WITNESS WHEREOF, the undersigned have duly executed this Perfection Certificate on
this 29th day of January, 2010. 
  

			
	Hexion Specialty Chemicals, Inc.
		
	    by	 	/s/ Authorized Signatory
		 	Name:
		 	Title:
	
	Hexion Specialty Chemicals B.V.
		
	    by	 	/s/ Authorized Signatory
		 	Name:
		 	Title:

  

 S-1 

 SCHEDULE 1(a) 
 Exact Legal Name of Each Grantor 
  

	
	 Hexion LLC

	 Hexion Specialty Chemicals, Inc.

	 Hexion Specialty Chemicals Canada, Inc.

	 Borden Chemical UK Limited

	 Hexion Specialty Chemicals UK Limited

	 Borden International Holdings Limited

	 Borden Chemical Finance Limited

	 Borden Chemical Foundry, LLC

	 Borden Chemical Investments, Inc.

	 Hexion U.S. Finance Corp.

	 Hexion Nova Scotia Finance, ULC

	 HSC Capital Corporation

	 Hexion Specialty Chemicals B.V.

	 Hexion Specialty Chemicals Holding B.V.

	 Hexion Specialty Chemicals Wesseling GmbH

	 Resolution Research Nederland B.V.

	 Hexion Specialty Chemicals Stanlow Limited1

	 Lawter International Inc.

	 Borden Chemical International, Inc.

	 Oilfield Technology Group, Inc.

	 Combined Composite Technologies Limited

	 RSM Europe B.V.

	 Resolution Specialty Materials Rotterdam B.V.

	 Hexion Specialty Chemicals GmbH2

	 National Borden Chemical Germany GmbH

	 Hexion Specialty Chemicals Stuttgart GmbH3

	 Bakelite Polymers UK Limited4

	 Hexion CI Holding Company (China) LLC

	 Hexion Specialty Chemicals Clayton Ltd.

  

	1	 Hexion Specialty Chemicals Stanlow Limited, Resolution Research Nederland B.V., Hexion Specialty Chemicals Wesseling GmbH, Hexion Specialty Chemicals
Holding B.V. and Hexion Specialty Chemicals B.V. are referred to herein collectively as the “RPP Foreign Subsidiaries”. 

	2	 Hexion Specialty Chemicals GmbH shall not provide any Guarantee or security for any Obligation (as defined in the Foreign Guarantee Agreement) of any
Loan Party (other than as set forth in paragraph 2(b) of the Foreign Guarantee Agreement) until all actions required by Section 5.14 of the Amended and Restated Credit Agreement shall have been completed in accordance with the terms therein.

	3	 Hexion Specialty Chemicals Stuttgart GmbH shall not provide any Guarantee or security for any Obligation (as defined in the Foreign Guarantee
Agreement) of any Loan Party (other than as set forth in paragraph 2(b) of the Foreign Guarantee Agreement) until all actions required by Section 5.14 of the Amended and Restated Credit Agreement shall have been completed in accordance with the
terms therein. 

	4	 Bakelite Polymers UK Limited shall not provide any Guarantee or security for any Obligation (as defined in the Foreign Guarantee Agreement) of any Loan
Party (other than as set forth in paragraph 2(b) of the Foreign Guarantee Agreement) until all actions required by Section 5.14 of the Amended and Restated Credit Agreement shall have been taken in accordance with the terms therein.

	
	 Hexion Specialty Chemicals Leuna GmbH

	 Hexion Specialty Chemicals Rotterdam Ink B.V.

	 Hexion Specialty Chemicals Maastricht B.V.

	 Hexion Specialty Chemicals Finance B.V.

	 Hexion Specialty Chemicals Forest Products GmbH

	 Hexion Specialty Chemicals Holding Germany GmbH

	 New Nimbus GmbH & Co. KG

	 Hexion Funing Holdings Limited

	 Hexion IAR Holdings (HK) Ltd.

	 Hexion Nanping Holdings Limited

	 Hexion Fengkai Holdings, Ltd.

	 Hexion Specialty Chemicals Barbastro S.A. 5

	 Hexion Specialty Chemicals Iberica, S.A. 6

  

	5	 Hexion Specialty Chemicals Barbastro S.A. is a Guarantor, but not a Loan Party. 

	6	 Hexion Specialty Chemicals Iberica, S.A. is a Guarantor, but not a Loan Party. Hexion Specialty Chemicals Iberica, S.A. shall not provide any Guarantee
or security for any Obligation (as defined in the Foreign Guarantee Agreement) of any Loan Party (other than as set forth in paragraph 2(b) of the Foreign Guarantee Agreement) until all actions required by Section 5.14 of the Amended and
Restated Credit Agreement shall have been taken in accordance with the terms therein. 

  

 Schedule 1(a)-2 

 SCHEDULE 1(b) 
 Each Other Legal Name Each Grantor Has Had Over Past Five Years 
  

			
	 Grantor
	  	 Other Legal Name in Past 5 Years

	 Hexion LLC
	  	 Conversion:
 BHI
Acquisition Corp. – 5/27/2005
  
 Survivor of Mergers with:
5/31/2005
 Resolution Performance Products, Inc.
 BHI Merger Sub One Inc.
 RPP Holdings LLC

		
	 Hexion Specialty Chemicals, Inc.
	  	 Name Change:
 Borden
Chemical, Inc. – 5/31/2005
 Borden, Inc. – 11/24/2001
  

Survivor of Mergers with: 5/31/2005
 Resolution Performance Products Corp.
 Resolution Performance Products LLC
 Resolution Specialty Materials Holdings Corp.
 Resolution Specialty Materials Inc.
 BHI Merger Sub Two Inc.
 Resolution Specialty
Materials Holdings LLC
 Hexion Escrow Corp.
  
 Survivor of Mergers with:
 Resolutions’
JV LLC (8/17/2005)
 Resolution Specialty Materials LLC (8/17/2005)
 Resolution Specialty Materials Capital Corp. (8/15/2005)
  
 Survivor of Mergers with:
 BDS Two, Inc. (2/28/2006)
 Bakelite North America Holding Company (2/28/2006)
 Bakelite Epoxy Polymers Corporation. (2/28/2006)

		
	 Hexion Specialty Chemicals Canada, Inc.
	  	 Name Change:
 Borden
Chemical Canada, Inc. – 6/13/2005
  
 Current French
Name:
 Produits Chimiques Spécialisés Hexion Canada, Inc.

		
	 Borden Chemical UK Limited
	  	None.
		
	 Hexion Specialty Chemicals UK Limited
	  	 Name Change:
 Borden
Chemical GB Limited – 8/1/2005

		
	 Borden International Holdings Limited
	  	None.
		
	 Borden Chemical Finance Limited
	  	None.

  

 Schedule 1(b)-1 

			
	 Grantor
	  	 Other Legal Name in Past 5 Years

	 Borden Chemical Foundry, LLC
	  	 Name Change:
 Borden
Chemical Foundry, Inc. – 12/21/2006

		
	 Borden Chemical Investments, Inc.
	  	None.
		
	 Hexion U.S. Finance Corp.
	  	 Survivor of Merger with: 5/31/2005
 BCI US Finance Corp.
  
 Name
Change:
 Borden U.S. Finance Corp. – 7/8/2005
  
 Name Correction:
 Hexion US Finance Corp.
– 2/2/2006

		
	 Hexion Nova Scotia Finance, ULC
	  	 Amalgamation:
 Borden
2 Nova Scotia Finance, ULC and Borden Nova Scotia Finance, ULC – 6/20/2005
  
 Name Change:
 Borden Nova Scotia Finance, ULC – 7/14/2005

		
	 HSC Capital Corporation
	  	 Name Change:
 RPP
Capital Corporation – 7/12/2005

		
	 Hexion Specialty Chemicals B.V.
	  	Resolution Europe B.V. – 6/30/2005
		
	 Hexion Specialty Chemicals Holding B.V.
	  	 Name Change:
 Resolution Holdings B.V. – 12/21/2006

		
	 Hexion Specialty Chemicals Wesseling GmbH
	  	 Name Change:
 Resolution Deutschland GmbH – 7/29/2005

		
	 Resolution Research Nederland B.V.
	  	None.
		
	 Hexion Specialty Chemicals Stanlow Limited
	  	 Name Change:
 Resolution (UK) Performance Products Limited – 8/1/2005

		
	 Lawter International Inc.
	  	 Lipstick Acquisition Corp.
 Eastman Resins, Inc. – 8/2/2004

		
	 Borden Chemical International, Inc.
	  	BCAP LLC – 1/10/2005
		
	 Oilfield Technology Group, Inc.
	  	None.
		
	 Combined Composite Technologies Limited
	  	None.
		
	 RSM Europe B.V.
	  	None.
		
	 Resolution Specialty Materials Rotterdam B.V.
	  	Eastman Chemical the Hague B.V. – 9/1/2004
		
	 Hexion Specialty Chemicals GmbH
	  	 Name Change and Conversion:
 Bakelite AG

		
	 National Borden Chemical Germany GmbH
	  	None.
		
	 Hexion CI Holding Company (China) LLC
	  	None.
		
	 Hexion Specialty Chemicals Stuttgart GmbH
	  	 Martin G. Scheufler Kunstharzprodukte GmbH
 Name Change:
 MGS Kunstharzprodukte GmbH

		
	 Bakelite Polymers UK Limited
	  	None.
		
	 Hexion Specialty Chemicals Clayton Ltd.
	  	Edger 259 Limited – 12/13/2005
		
	 Hexion Specialty Chemicals Leuna GmbH
	  	Aptus 133 GmbH – 12/5/2005
		
	 Hexion Specialty Chemicals Rotterdam Ink B.V.
	  	 Name Change:
 Akzo
Nobel Information Services International BV – 8/29/2006

  

 Schedule 1(b)-2 

			
	 Grantor
	  	 Other Legal Name in Past 5 Years

	 Hexion Specialty Chemicals Maastricht B.V.
	  	 Name Change:
 Akzo
Nobel Ink and Adhesive Resins B.V. – 06/14/2006

		
	 Hexion Specialty Chemicals Finance B.V.
	  	None.
		
	 Hexion Specialty Chemicals Forest Products GmbH
	  	BlitzF07–sechzig–zwei GmbH – 6/25/2007
		
	 Hexion Specialty Chemicals Holding Germany GmbH
	  	None.
		
	 New Nimbus GmbH & Co. KG
	  	None.
		
	 Hexion Funing Holdings Limited
	  	None.
		
	 Hexion IAR Holdings (HK) Ltd.
	  	None.
		
	 Hexion Nanping Holdings Limited
	  	None.
		
	 Hexion Fengkai Holdings, Ltd.
	  	None.
		
	 Hexion Specialty Chemicals Barbastro S.A.
	  	 Name Change:
 Bakelite Iberica, S.A. 08/30/2005

		
	 Hexion Specialty Chemicals Iberica, S.A.
	  	 Name Change:
 Resolution Iberica Performance Products S.A. 09/05/2005

  

 Schedule 1(b)-3 

 SCHEDULE 1(c) 
 Changes in Identity or Corporate Structure Within Past Five Years 
  

			
	 Grantor
	  	 Change in Corporate Structure

	 Hexion LLC
	  	 Conversion:
 BHI
Acquisition Corp. – 5/27/2005
  
 Survivor of Mergers with:
5/31/2005
 Resolution Performance Products, Inc.
 BHI Merger Sub One Inc.
 RPP Holdings LLC

		
	 Hexion Specialty Chemicals, Inc.
	  	 Name Change:
 Borden
Chemical, Inc. – 5/31/2005
 Borden, Inc. – 11/24/2001
  

Survivor of Mergers with: 5/31/2005
 Resolution Performance Products Corp.
 Resolution Performance Products LLC
 Resolution Specialty Materials Holdings Corp.
 Resolution Specialty Materials Inc.
 BHI Merger Sub Two Inc.
 Resolution Specialty
Materials Holdings LLC
 Hexion Escrow Corp.
  
 Survivor of Mergers with:
 Resolutions’
JV LLC (8/17/2005)
 Resolution Specialty Materials LLC (8/17/2005)
 Resolution Specialty Materials Capital Corp. (8/15/2005)
  
 Survivor of Mergers with:
 BDS Two, Inc. (2/28/2006)
 Bakelite North America Holding Company (2/28/2006)
 Bakelite Epoxy Polymers Corporation. (2/28/2006)

		
	 Hexion Specialty Chemicals Canada, Inc.
	  	 Name Change:
 Borden
Chemical Canada, Inc. – 6/13/2005
  
 Current French
Name:
 Produits Chimiques Spécialisés Hexion Canada, Inc.

		
	 Borden Chemical UK Limited
	  	None.
		
	 Hexion Specialty Chemicals UK Limited
	  	 Name Change:
 Borden
Chemical GB Limited – 8/1/2005

		
	 Borden International Holdings Limited
	  	None.
		
	 Borden Chemical Finance Limited
	  	None.

  

 Schedule 1(c)-1 

			
	 Grantor
	  	 Change in Corporate Structure

	 Borden Chemical Foundry, LLC
	  	 Name Change:
 Borden
Chemical Foundry, Inc. – 12/21/2006

		
	 Borden Chemical Investments, Inc.
	  	None.
		
	 Hexion U.S. Finance Corp.
	  	 Survivor of Merger with: 5/31/2005
 BCI US Finance Corp.
  
 Name
Change:
 Borden U.S. Finance Corp. – 7/8/2005
  
 Name Correction:
 Hexion US Finance Corp.
– 2/2/2006

		
	 Hexion Nova Scotia Finance, ULC
	  	 Amalgamation:
 Borden
2 Nova Scotia Finance, ULC and Borden Nova Scotia Finance, ULC – 6/20/2005
  
 Name Change:
 Borden Nova Scotia Finance, ULC – 7/14/2005

		
	 HSC Capital Corporation
	  	 Name Change:
 RPP
Capital Corporation – 7/12/2005

		
	 Hexion Specialty Chemicals B.V.
	  	Resolution Europe B.V. – 6/30/2005
		
	 Hexion Specialty Chemicals Holding B.V.
	  	 Name Change:
 Resolution Holdings B.V. – 12/21/2006

		
	 Hexion Specialty Chemicals Wesseling GmbH
	  	 Name Change:
 Resolution Deutschland GmbH – 7/29/2005

		
	 Resolution Research Nederland B.V.
	  	None.
		
	 Hexion Specialty Chemicals Stanlow Limited
	  	 Name Change:
 Resolution (UK) Performance Products Limited – 8/1/2005

		
	 Lawter International Inc.
	  	 Lipstick Acquisition Corp.
 Eastman Resins, Inc. – 8/2/2004

		
	 Borden Chemical International, Inc.
	  	BCAP LLC – 1/10/2005
		
	 Oilfield Technology Group, Inc.
	  	None.
		
	 Combined Composite Technologies Limited
	  	None.
		
	 RSM Europe B.V.
	  	None.
		
	 Resolution Specialty Materials Rotterdam B.V.
	  	Eastman Chemical the Hague B.V. – 9/1/2004
		
	 Hexion Specialty Chemicals GmbH
	  	 Name Change and Conversion:
 Bakelite AG

		
	 National Borden Chemical Germany GmbH
	  	None.
		
	 Hexion Specialty Chemicals Stuttgart GmbH
	  	 Martin G. Scheufler Kunstharzprodukte GmbH
 Name Change:
 MGS Kunstharzprodukte GmbH

		
	 Bakelite Polymers UK Limited
	  	None.
		
	 Hexion CI Holding Company (China) LLC
	  	None.
		
	 Hexion Specialty Chemicals Clayton Ltd.
	  	Edger 259 Limited – 12/13/2005
		
	 Hexion Specialty Chemicals Leuna GmbH
	  	Aptus 133 GmbH – 12/5/2005
		
	 Hexion Specialty Chemicals Rotterdam Ink B.V.
	  	 Name Change:
 Akzo
Nobel Information Services International BV – 8/29/2006

  

 Schedule 1(c)-2 

			
	 Grantor
	  	 Change in Corporate Structure

	 Hexion Specialty Chemicals Maastricht B.V.
	  	 Name Change:
 Akzo
Nobel Ink and Adhesive Resins B.V. – 6/14/2006

		
	 Hexion Specialty Chemicals Finance B.V.
	  	None.
		
	 Hexion Specialty Chemicals Forest Products GmbH
	  	BlitzF07–sechzig–zwei GmbH – 6/25/2007
		
	 Hexion Specialty Chemicals Holding Germany GmbH
	  	None.
		
	 New Nimbus GmbH & Co. KG
	  	None.
		
	 Hexion Funing Holdings Limited
	  	None.
		
	 Hexion IAR Holdings (HK) Ltd.
	  	None.
		
	 Hexion Nanping Holdings Limited
	  	None.
		
	 Hexion Fengkai Holdings, Ltd.
	  	None.
		
	 Hexion Specialty Chemicals Barbastro S.A.
	  	 Name Change:
 Bakelite Iberica, S.A. 8/30/2005

		
	 Hexion Specialty Chemicals Iberica, S.A.
	  	 Name Change:
 Resolution Iberica Performance Products S.A. 9/05/2005

  

 Schedule 1(c)-3 

 SCHEDULE 1(d) 
 Other Names Used by Each Grantor Over Past Five Years 
  

			
	 Grantor
	  	 Other Name Used

	 Hexion LLC
	  	 BHI Acquisition Corp.
 Resolution Performance Products Inc.
 RPP Holdings LLC

		
	 Hexion Specialty Chemicals, Inc.
	  	 Epoxy & Coating Resins Division
 Phenolic & Forest Product Division
 Performance Products Division
 Borden Chemical Holdings, Inc.
 Borden Forest Products Group
 Borden UV Coatings
 Borden Oilfield
Products
 Borden Performance Resins Group
 Borden Chemical, Inc.
 Resolution Performance Products LLC
 Resolution Specialty Materials Holdings LLC
 Borden
 RPP
 RSM
 Resolution Specialty Materials Capital Corp.
 Resolution Specialty Materials LLC
 Resolutions’ JV LLC
 BDS Two, Inc.
 Bakelite North America Holding Company
 Bakelite Epoxy Polymers Corporation
 Rutgers Epoxy
Polymers LLC
 Rutgers Epoxy Polymers Corporation
 Lawter International Inc.
 Eastman Resins, Inc.

		
	 Hexion Specialty Chemicals Canada, Inc.
	  	 Borden Chimie Canada, Inc.
 Borden Chemical
 Borden Consumer Products
 La Compagnie Borden, Limitee
 Produits Chimiques Borden Canada, Inc.
 Borden Chemical Canada, Inc.

		
	 Borden Chemical UK Limited
	  	Inhoco 436 Limited
		
	 Hexion Specialty Chemicals UK Limited
	  	 Blagden Chemicals Limited
 Blagden Campbell Chemicals Limited
 Victor Blagden & Co. Limited

		
	 Borden International Holdings Limited
	  	Alnery No. 1841 Limited
		
	 Borden Chemical Finance Limited
	  	Inhoco 449 Limited
		
	 Borden Chemical Foundry, LLC
	  	Borden Chemical Foundry, Inc.
		
	 Borden Chemical Investments, Inc.
	  	None.
		
	 Hexion U.S. Finance Corp.
	  	 Borden U.S. Finance Corp.
 Hexion US Finance Corp.

		
	 Hexion Nova Scotia Finance, ULC
	  	 Borden 2 Nova Scotia Finance, ULC
 Borden Nova Scotia Finance, ULC

  

 Schedule 1(d)-1 

			
	 Grantor
	  	 Other Name Used

	 HSC Capital Corporation
	  	 Resins
 RPP
 RPP Capital Corporation
 Resolution Performance
Products of Illinois, Inc.

		
	 Hexion Specialty Chemicals B.V.
	  	Resolution Europe B.V.
		
	 Hexion Specialty Chemicals Holding B.V.
	  	Resolution Holdings B.V., Hexion
		
	 Hexion Specialty Chemicals Wesseling GmbH
	  	 Resolution Performance Products Europe
 RPP Europe
 Resolution Deutschland GmbH

		
	 Resolution Research Nederland B.V.
	  	None.
		
	 Hexion Specialty Chemicals Stanlow Limited
	  	 Shell Epoxy Resins UK Limited
 Trushelfco (No. 2497) Limited

		
	 Lawter International Inc.
	  	Eastman Resins, Inc.
		
	 Borden Chemical International, Inc.
	  	BCAP LLC
		
	 Oilfield Technology Group, Inc.
	  	None.
		
	 Combined Composite Technologies Limited
	  	Boxdial Limited.
		
	 RSM Europe B.V.
	  	None.
		
	 Resolution Specialty Materials Rotterdam B.V.
	  	None.
		
	 Hexion Specialty Chemicals GmbH
	  	Bakelite
		
	 National Borden Chemical Germany GmbH
	  	None.
		
	 Hexion Specialty Chemicals Stuttgart GmbH
	  	MGS
		
	 Bakelite Polymers UK Limited
	  	None.
		
	 Hexion CI Holding Company (China) LLC
	  	None.
		
	 Hexion Specialty Chemicals Clayton Ltd.
	  	Edger 259 Limited
		
	 Hexion Specialty Chemicals Leuna GmbH
	  	Aptus 133 GmbH
		
	 Hexion Specialty Chemicals Rotterdam Ink B.V.
	  	Akzo Nobel Information Services International B.V.
		
	 Hexion Specialty Chemicals Maastricht B.V.
	  	Akzo Nobel Ink and Adhesive Resins B.V.
		
	 Hexion Specialty Chemicals Finance B.V.
	  	None.
		
	 Hexion Specialty Chemicals Forest Products GmbH
	  	BlitzF07-sechzig-zwei GmbH
		
	 Hexion Specialty Chemicals Holding Germany GmbH
	  	None.
		
	 New Nimbus GmbH & Co. KG
	  	None.
		
	 Hexion Funing Holdings Limited
	  	None.
		
	 Hexion IAR Holdings (HK) Ltd.
	  	None.
		
	 Hexion Nanping Holdings Limited
	  	None.
		
	 Hexion Fengkai Holdings, Ltd.
	  	None.
		
	 Hexion Specialty Chemicals Barbastro S.A.
	  	Bakelite Iberica, S.A.
		
	 Hexion Specialty Chemicals Iberica, S.A.
	  	Resolution Iberica Performance Products S.A.

  

 Schedule 1(d)-2 

 SCHEDULE 1(e) 
 Organizational Identification Number of Each Grantor that is a Registered Organization 
  

			
	 Grantor
	  	 Organizational Identification
Number

	 Hexion LLC
	  	Delaware - 3816159
	 Hexion Specialty Chemicals, Inc.
	  	New Jersey - 2287-7010-00
	 Hexion Specialty Chemicals Canada, Inc.
	  	Canada - 2782961
	 Borden Chemical UK Limited
	  	England and Wales - 03104655
	 Hexion Specialty Chemicals UK Limited
	  	England and Wales - 00867053
	 Borden International Holdings Limited
	  	England and Wales - 03745631
	 Borden Chemical Finance Limited
	  	England and Wales - 03124414
	 Borden Chemical Foundry, LLC
	  	Delaware - 3376031
	 Borden Chemical Investments, Inc.
	  	Delaware - 2557404
	 Hexion U.S. Finance Corp.
	  	Delaware – 3828955
	 Hexion Nova Scotia Finance, ULC
	  	Nova Scotia – 3102560
	 HSC Capital Corporation
	  	Delaware – 3298803
	 Hexion Specialty Chemicals B.V.
	  	 Chamber of Commerce Rotterdam, The
 Netherlands - 24294676

	 Hexion Specialty Chemicals Holding B.V.
	  	 Chamber of Commerce Rotterdam, The
 Netherlands - 27182096

	 Hexion Specialty Chemicals Wesseling GmbH
	  	Local court of Cologne, Germany – HRB58353
	 Resolution Research Nederland B.V.
	  	 Chamber of Commerce Rotterdam, The
 Netherlands - 27182782

	 Hexion Specialty Chemicals Stanlow Limited
	  	England and Wales - 03731119
	 Lawter International Inc.
	  	Delaware – 0519520
	 Borden Chemical International, Inc.
	  	Delaware - 3829355
	 Oilfield Technology Group, Inc.
	  	Delaware - 800385443
	 Combined Composite Technologies Limited
	  	England and Wales - 03486020
	 RSM Europe B.V.
	  	 Chamber of Commerce Rotterdam, The
 Netherlands - 24363954

	 Resolution Specialty Materials Rotterdam B.V.
	  	 Chamber of Commerce Rotterdam, The
 Netherlands - 27183961

	 Hexion Specialty Chemicals GmbH
	  	Local Court of Iserlohn, Germany (HRB 5860)
	 National Borden Chemical Germany GmbH
	  	Local Court of Iserlohn, Germany HRB 5907
	 Hexion Specialty Chemicals Stuttgart GmbH
	  	Local Court of Stuttgart, Germany (HRB 21470)
	 Bakelite Polymers UK Limited
	  	England and Wales - 00242272
	 Hexion CI Holding Company (China) LLC
	  	Delaware - 4038944
	 Hexion Specialty Chemicals Clayton Ltd.
	  	England and Wales 05570199
	 Hexion Specialty Chemicals Leuna GmbH
	  	Local Court of Stendal, Germany HRB 215570
	 Hexion Specialty Chemicals Rotterdam Ink B.V.
	  	 Chamber of Commerce Rotterdam, The
 Netherlands - 09029019

	 Hexion Specialty Chemicals Maastricht B.V.
	  	Chamber of Commerce Limburg 14618150
	 Hexion Specialty Chemicals Finance B.V.
	  	 Chamber of Commerce Rotterdam, The
 Netherlands - 24426689

	 Hexion Specialty Chemicals Forest Products GmbH
	  	Local Court of Stendal, Germany HRB 6848
	 Hexion Specialty Chemicals Holding Germany GmbH
	  	Local Court of Iserlohn, Germany HRB 6506

  

 Schedule 1(e)-1 

			
	 Grantor
	  	 Organizational Identification
Number

	 New Nimbus GmbH & Co. KG
	  	Local Court of Iserlohn, Germany HRA 4424
	 Hexion Funing Holdings Limited
	  	Company No. 1186118
	 Hexion IAR Holdings (HK) Ltd.
	  	Company No. 1183068
	 Hexion Nanping Holdings Limited
	  	Company No. 1186107
	 Hexion Fengkai Holdings, Ltd.
	  	Company No. 1183614
	 Hexion Specialty Chemicals Barbastro S.A.
	  	C.I.F: A22018550
	 Hexion Specialty Chemicals Iberica, S.A.
	  	CIF A82462938

  

 Schedule 1(e)-2 

 SCHEDULE 1(f) 
 Federal Taxpayer Identification Number of Each Grantor 
  

			
	 Grantor
	  	 Federal Taxpayer Identification Number, if
any

	 Hexion LLC
	  	20-2918090
	 Hexion Specialty Chemicals, Inc.
	  	13-0511250
	 Hexion Specialty Chemicals Canada, Inc.
	  	10519-8295
	 Borden Chemical UK Limited
	  	664-41194-86785
	 Hexion Specialty Chemicals UK Limited
	  	664-26340-07083
	 Borden International Holdings Limited
	  	664-31717-15796
	 Borden Chemical Finance Limited
	  	664-92347-63388
	 Borden Chemical Foundry, LLC
	  	31-1766429
	 Borden Chemical Investments, Inc.
	  	51-0370359
	 Hexion U.S. Finance Corp.
	  	20-1362484
	 Hexion Nova Scotia Finance, ULC
	  	N/A
	 HSC Capital Corporation
	  	76-0660306
	 Hexion Specialty Chemicals B.V.
	  	NL808327586B01
	 Hexion Specialty Chemicals Holding B.V.
	  	NL808133032B01
	 Hexion Specialty Chemicals Wesseling GmbH
	  	224/5720/0986
	 Resolution Research Nederland B.V.
	  	NL808327768B01
	 Hexion Specialty Chemicals Stanlow Limited
	  	GB762442532
	 Lawter International Inc.
	  	36-1370818
	 Borden Chemical International, Inc.
	  	20-2833048
	 Oilfield Technology Group, Inc.
	  	20-2873694
	 Combined Composite Technologies Limited
	  	664-26207-16460
	 RSM Europe B.V.
	  	NL813734150B01
	 Resolution Specialty Materials Rotterdam B.V.
	  	NL808592968B01
	 Hexion Specialty Chemicals GmbH
	  	328/5801/0701
	 National Borden Chemical Germany GmbH
	  	134/6814/4536
	 Hexion Specialty Chemicals Stuttgart GmbH
	  	112/5709/0418
	 Bakelite Polymers UK Limited
	  	754/77540 02311
	 Hexion CI Holding Company (China) LLC
	  	20-3907441
	 Hexion Specialty Chemicals Clayton Ltd.
	  	GB874259000
	 Hexion Specialty Chemicals Leuna GmbH
	  	112/107/05521
	 Hexion Specialty Chemicals Rotterdam Ink B.V.
	  	N/A
	 Hexion Specialty Chemicals Maastricht B.V.
	  	NL001689332B01
	 Hexion Specialty Chemicals Finance B.V.
	  	N/A
	 Hexion Specialty Chemicals Forest Products GmbH
	  	112/107/05742
	 Hexion Specialty Chemicals Holding Germany GmbH
	  	328/5801/0756
	 New Nimbus GmbH & Co. KG
	  	328/5701/0444
	 Hexion Funing Holdings Limited
	  	N/A
	 Hexion IAR Holdings (HK) Ltd.
	  	N/A
	 Hexion Nanping Holdings Limited
	  	N/A
	 Hexion Fengkai Holdings, Ltd.
	  	N/A
	 Hexion Specialty Chemicals Barbastro S.A.
	  	ESA 82462938
	 Hexion Specialty Chemicals Iberica, S.A.
	  	N/A

  

 Schedule 1(f)-1 

 SCHEDULE 2(a) 
 Chief Executive Office of Each Grantor 
  

							
	 Grantor
	  	 Mailing Address
	  	 County
	  	 State/
 Country/
 Province

	 Hexion LLC
	  	 180 East Broad Street
 Columbus, Ohio 43215
	  	Franklin	  	Ohio
				
	 Hexion Specialty Chemicals, Inc.
	  	 180 East Broad Street
 Columbus, Ohio 43215
	  	Franklin	  	Ohio
				
	 Hexion Specialty Chemicals Canada, Inc.
	  	 12621 156th St N.W.
 Edmonton, AB T57 1E1
	  	N/A	  	Alberta
				
	 Borden Chemical UK Limited
	  	 c/o Hexion Specialty
 Chemicals UK Limited
 Sully Moors Road, Penarth
 South Glamorgan CF64 5YU
	  	N/A	  	UK
				
	 Hexion Specialty Chemicals UK Limited
	  	 Sully Moors Road, Penarth
 South Glamorgan CF64 5YU
	  	N/A	  	UK
				
	 Borden International Holdings Limited
	  	 c/o Hexion Specialty
 Chemicals UK Limited
 Sully Moors Road, Penarth
 South Glamorgan CF64 5YU
	  	N/A	  	UK
				
	 Borden Chemical Finance Limited
	  	 c/o Hexion Specialty
 Chemicals UK Limited
 Sully Moors Road, Penarth
 South Glamorgan CF64 5YU
	  	N/A	  	UK
				
	 Borden Chemical Foundry, LLC
	  	 180 East Broad Street
 Columbus, Ohio 43215
	  	Franklin	  	Ohio
				
	 Borden Chemical Investments, Inc.
	  	 180 East Broad Street
 Columbus, Ohio 43215
	  	Franklin	  	Ohio
				
	 Hexion U.S. Finance Corp.
	  	 180 East Broad Street
 Columbus, Ohio 43215
	  	Franklin	  	Ohio
				
	 Hexion Nova Scotia Finance, ULC
	  	 180 East Broad Street
 Columbus, Ohio 43215
	  	Franklin	  	Ohio
				
	 HSC Capital Corporation
	  	 180 East Broad Street
 Columbus, Ohio 43215
	  	Franklin	  	Ohio
				
	 Each RPP Foreign Subsidiary
	  	 Seattleweg 17
 3195 ND
Pernis
 Rotterdam
	  	N/A	  	The Netherlands
				
	 Hexion Specialty Chemicals Stanlow Limited
	  	 c/o Hexion Specialty
 Chemicals UK Limited
 Sully Moors Road, Penarth
 South Glamorgan CF64 5YU
	  	N/A	  	UK

  

 Schedule 2(a)-1 

							
	 Grantor
	  	 Mailing Address
	  	 County
	  	 State/
 Country/
 Province

	 Lawter International Inc.
	  	 180 East Broad Street
 Columbus, Ohio 43215
	  	Franklin	  	Ohio
				
	 Borden Chemical International, Inc.
	  	 180 East Broad Street
 Columbus, Ohio 43215
	  	Franklin	  	Ohio
				
	 Oilfield Technology Group, Inc.
	  	 15115 Park Row, Suite 160,
 Houston, Texas 77984
	  	Harris	  	Texas
				
	 Combined Composite Technologies Limited
	  	 5-8 Millbrook Close
 Chandlers Ford Industrial Estate,
 Eastleigh,
 Hampshire SO53 4BZ
	  	N/A	  	UK
				
	 RSM Europe B.V.
	  	 Seattleweg 17
 3195 ND
Pernis
 Rotterdam
	  	N/A	  	The Netherlands
				
	 Resolution Specialty Materials Rotterdam B.V.
	  	 Seattleweg 17
 3195 ND
Pernis
 Rotterdam
	  	N/A	  	The Netherlands
				
	 Hexion Specialty Chemicals GmbH
	  	Gennaer Straße 2-4 58642 Iserlohn	  	Nordrhein-Westfalen	  	Germany
				
	 National Borden Chemical Germany GmbH
	  	Gennaer Straße 2-4 58642 Iserlohn	  	Iserlohn	  	Germany
				
	 Hexion Specialty Chemicals Stuttgart GmbH
	  	 Am Ostkai 21/22 70327
 Stuttgart
	  	Baden-Württemberg	  	Germany
				
	 Bakelite Polymers UK Limited
	  	 c/o Hexion Specialty
 Chemicals UK Limited
 Sully Moors Road, Penarth
 South Glamorgan CF64 5YU
	  	N/A	  	UK
				
	 Hexion CI Holding Company (China) LLC
	  	 180 East Broad Street
 Columbus, Ohio 43215
	  	Franklin	  	Ohio
				
	 Hexion Specialty Chemicals Clayton Ltd.
	  	 Ashton New Road,
 Clayton,
Manchester M11
 4AT
	  	N/A	  	UK
				
	 Hexion Specialty Chemicals Leuna GmbH
	  	 Am Haupttor,
 Bau 6101,
06217
	  	Leuna	  	Germany
				
	 Hexion Specialty Chemicals Holding B.V.
	  	 Seattleweg 17
 3195 ND
Pernis
 Rotterdam
	  	N/A	  	The Netherlands
				
	 Hexion Specialty Chemicals Rotterdam Ink B.V.
	  	 Seattleweg 17
 3195 ND
Pernis
 Rotterdam
	  	N/A	  	The Netherlands
				
	 Hexion Specialty Chemicals Maastricht B.V.
	  	Ankerkade 81, 6222NL Maastricht	  	N/A	  	The Netherlands

  

 Schedule 2(a)-2 

							
	 Grantor
	  	 Mailing Address
	  	 County
	  	 State/
 Country/
 Province

	 Hexion Specialty Chemicals B.V.
	  	 Seattleweg 17
 3195 ND
Pernis
 Rotterdam
	  	N/A	  	The Netherlands
				
	 Hexion Specialty Chemicals Finance B.V.
	  	 Seattleweg 17
 3195 ND
Pernis
 Rotterdam
	  	N/A	  	The Netherlands
				
	 Hexion Specialty Chemicals Forest Products GmbH
	  	 Am Haupttor
 Bau
7545
 06237
	  	Leuna	  	Germany
				
	 Hexion Specialty Chemicals Holding Germany GmbH
	  	 Gennaer Straße 2-4
 58642 Iserlohn
	  	Iserlohn	  	Germany
				
	 New Nimbus GmbH & Co. KG
	  	 Gennaer Straße 2-4
 58642 Iserlohn
	  	Iserlohn	  	Germany
				
	 Hexion Funing Holdings Limited
	  	 31/F., The Center
 99
Queen’s Road Central
 Hong Kong
	  	Hong Kong	  	People’s Republic of China
				
	 Hexion IAR Holdings (HK) Ltd.
	  	 31/F., The Center
 99
Queen’s Road Central
 Hong Kong
	  	Hong Kong	  	People’s Republic of China
				
	 Hexion Nanping Holdings Limited
	  	 31/F., The Center
 99
Queen’s Road Central
 Hong Kong
	  	Hong Kong	  	People’s Republic of China
				
	 Hexion Fengkai Holdings, Ltd.
	  	 31/F., The Center
 99
Queen’s Road Central
 Hong Kong
	  	Hong Kong	  	People’s Republic of China
				
	 Hexion Specialty Chemicals Barbastro S.A.
	  	 Poligono Industrial (Valle del Cinca)
 Barbastro, Huesca
 22300
 Spain
	  	N/A	  	Spain
				
	 Hexion Specialty Chemicals Iberica, S.A.
	  	 Ante Pardo 7 - Pol
 Industrial Lantaron c.p: 1213
 Lantaron, Alava
 E-01213
 Spain
	  	N/A	  	Spain

  

 Schedule 2(a)-3 

 SCHEDULE 2(b) 
 Locations at Which Grantors Maintain Books or Records Relating to Accounts Receivable 
  

							
	 Grantor
	  	 Mailing Address
	  	 County
	  	 State/
 Country/
 Province

	 Hexion LLC
	  	 180 East Broad Street
 Columbus, OH 43215
	  	Franklin	  	Ohio
				
	 Hexion Specialty Chemicals, Inc.
	  	 180 East Broad Street
 Columbus, OH 43215
	  	Franklin	  	Ohio
				
	 Hexion Specialty Chemicals Canada, Inc.
	  	12621 156th Street NW Edmonton, Alberta T5V 1E1	  	N/A	  	N/A
				
	 Hexion Specialty Chemicals Canada, Inc.
	  	 180 East Broad Street
 Columbus, OH 43215
	  	Franklin	  	Ohio
				
	 Borden Chemical UK Limited
	  	 Sully Moors Road, Penarth
 South Glamorgan CF64 5YU
	  	N/A	  	United Kingdom
				
	 Hexion Specialty Chemicals UK Limited
	  	 Sully Moors Road, Penarth
 South Glamorgan CF64 5YU
	  	N/A	  	N/A
				
	 Borden International Holdings Limited
	  	 Sully Moors Road, Penarth
 South Glamorgan CF64 5YU
	  	N/A	  	United Kingdom
				
	 Borden Chemical Finance Limited
	  	 Sully Moors Road, Penarth
 South Glamorgan CF64 5YU
	  	N/A	  	N/A
				
	 Borden Chemical Foundry, LLC
	  	 180 East Broad Street
 Columbus, OH 43215
	  	Franklin	  	Ohio
				
	 Borden Chemical Investments, Inc.
	  	 180 East Broad Street
 Columbus, OH 43215
	  	Franklin	  	Ohio
				
	 Hexion U.S. Finance Corp.
	  	 180 East Broad Street
 Columbus, OH 43215
	  	Franklin	  	Ohio
				
	 Hexion Nova Scotia Finance, ULC
	  	 180 East Broad Street
 Columbus, OH 43215
	  	Franklin	  	Ohio
				
	 HSC Capital Corporation
	  	 180 East Broad Street
 Columbus, OH 43215
	  	Franklin	  	Ohio
				
	 HSC Capital Corporation
	  	1600 Smith Street #2400 Houston, TX 77002	  	Harris	  	Texas
				
	 Hexion Specialty Chemicals Wesseling GmbH
	  	 Bruhler Street
 Wesseling

 D50389
	  	N/A	  	Germany
				
	 Hexion Speciality Chemicals Stanlow Limited
	  	 Sully Moors Road, Penarth
 South Glamorgan CF64 5YU
	  	N/A	  	United Kingdom
				
	 Lawter International Inc.
	  	 1600 Smith Street, # 2400
 Houston, TX 77002
	  	Harris	  	Texas
				
	 Lawter International Inc.
	  	 180 East Broad Street
 Columbus, OH 43215
	  	Franklin	  	Ohio
				
	 Borden Chemical International, Inc.
	  	 180 East Broad Street
 Columbus, OH 43215
	  	Franklin	  	Ohio

  

 Schedule 2(b)-1 

							
	 Grantor
	  	 Mailing Address
	  	 County
	  	 State/
 Country/
 Province

	 Oilfield Technology Group, Inc.
	  	 180 East Broad Street
 Columbus, OH 43215
	  	Franklin	  	Ohio
				
	 Combined Composite Technologies Limited
	  	 5-8 Millbrook Close
 Chandlers Ford Industrial Estate,
 Eastleigh, Hampshire SO53 4BZ
	  	N/A	  	United Kingdom
				
	 RSM Europe B.V.
	  	 Seattleweg 17
 Pernis -
Rotterdam, Zuid-Holland
 3195 ND
	  		  	The Netherlands
				
	 Resolution Specialty Materials Rotterdam B.V.
	  	 Seattleweg 17
 Pernis -
Rotterdam, Zuid-Holland
 3195 ND
	  		  	The Netherlands
				
	 Hexion Specialty Chemicals GmbH
	  	Gennaer Straße 2-4 58642 Iserlohn	  	Nordrhein-Westfalen	  	Germany
				
	 National Borden Chemical Germany GmbH
	  	 Seattleweg 17
 Pernis -
Rotterdam, Zuid-Holland
 3195 ND
	  		  	The Netherlands
				
	 Hexion Specialty Chemicals Stuttgart GmbH
	  	 Am Ostkai 21/22 70327
 Stuttgart
	  	Baden-Württemberg	  	Germany
				
	 Bakelite Polymers UK Limited
	  	 Sully Moors Road, Penarth
 South Glamorgan CF64 5YU
	  	N/A	  	United Kingdom
				
	 Hexion Specialty Chemicals Clayton Ltd.
	  	 Ashton New Road, Clayton
 Manchester M11 4AT
	  	N/A	  	United Kingdom
				
	 Hexion Specialty Chemicals Leuna GmbH
	  	 Seattleweg 17
 Pernis -
Rotterdam, Zuid-Holland
 3195 ND
	  	N/A	  	The Netherlands
				
	 Hexion Specialty Chemicals Rotterdam Ink B.V.
	  	 Seattleweg 17
 Pernis -
Rotterdam, Zuid-Holland
 3195 ND
	  	N/A	  	The Netherlands
				
	 Hexion Specialty Chemicals Maastricht B.V.
	  	 Seattleweg 17
 Pernis -
Rotterdam, Zuid-Holland
 3195 ND
	  	N/A	  	The Netherlands
				
	 Hexion Specialty Chemicals Holding B.V.
	  	 Seattleweg 17
 Pernis -
Rotterdam, Zuid-Holland
 3195 ND
	  	N/A	  	The Netherlands

  

 Schedule 2(b)-2 

							
	 Grantor
	  	 Mailing Address
	  	 County
	  	 State/
 Country/
 Province

	 Hexion Specialty Chemicals B.V.
	  	 Seattleweg 17
 Pernis -
Rotterdam, Zuid-Holland
 3195 ND
	  	N/A	  	The Netherlands
				
	 Resolution Research Nederland B.V.
	  	 Vondelingenweg 601
 Pernis
(Rotterdam),
 Zuid-Holland
 3196 KK

	  	N/A	  	The Netherlands
				
	 Hexion Specialty Chemicals Finance B.V.
	  	N/A	  	N/A	  	N/A
				
	 Hexion Specialty Chemicals Forest Products GmbH
	  	 Seattleweg 17
 Pernis -
Rotterdam, Zuid-Holland
 3195 ND
	  	N/A	  	The Netherlands
				
	 Hexion Specialty Chemicals Holding Germany GmbH
	  	 Seattleweg 17
 Pernis -
Rotterdam, Zuid-Holland
 3195 ND
	  	N/A	  	The Netherlands
				
	 New Nimbus GmbH & Co. KG
	  	 Seattleweg 17
 Pernis -
Rotterdam, Zuid-Holland
 3195 ND
	  	N/A	  	The Netherlands
				
	 Hexion Funing Holdings Limited
	  	 31/F., The Center
 99
Queen’s Road Central
 Hong Kong
	  	Hong Kong	  	People’s Republic of China
				
	 Hexion IAR Holdings (HK) Ltd.
	  	 31/F., The Center
 99
Queen’s Road Central
 Hong Kong
	  	Hong Kong	  	People’s Republic of China
				
	 Hexion Nanping Holdings Limited
	  	 31/F., The Center
 99
Queen’s Road Central
 Hong Kong
	  	Hong Kong	  	People’s Republic of China
				
	 Hexion Fengkai Holdings, Ltd.
	  	 31/F., The Center
 99
Queen’s Road Central
 Hong Kong
	  	Hong Kong	  	People’s Republic of China
				
	 Hexion Specialty Chemicals Barbastro S.A.
	  	 Poligono Industrial
 “Valle Del Cinca” Apartado 18 Barbastro Huesca 22300
	  	N/A	  	Spain
				
	 Hexion Specialty Chemicals Iberica, S.A.
	  	 Ante Pardo 7 - Pol
 Industrial Lantaron c.p
 :1213
 Lantaron, Alava
 E-01213
	  	N/A	  	Spain

  

 Schedule 2(b)-3 

 SCHEDULE 2(c) 
 Jurisdiction of Formation of Each Grantor that is a Registered Organization 
  

			
	 Grantor
	  	 Jurisdiction

	 Hexion LLC
	  	Delaware
	 Hexion Specialty Chemicals, Inc.
	  	New Jersey
	 Hexion Specialty Chemicals Canada, Inc.
	  	Canada
	 Borden Chemical UK Limited
	  	England and Wales
	 Hexion Specialty Chemicals UK Limited
	  	England and Wales
	 Borden International Holdings Limited
	  	England and Wales
	 Borden Chemical Finance Limited
	  	England and Wales
	 Borden Chemical Foundry, LLC
	  	Delaware
	 Borden Chemical Investments, Inc.
	  	Delaware
	 Hexion U.S. Finance Corp.
	  	Delaware
	 Hexion Nova Scotia Finance, ULC
	  	Nova Scotia
	 HSC Capital Corporation
	  	Delaware
	 Hexion Specialty Chemicals B.V.
	  	The Netherlands
	 Hexion Specialty Chemicals Holding B.V.
	  	The Netherlands
	 Hexion Specialty Chemicals Wesseling GmbH
	  	Federal Republic of Germany
	 Resolution Research Nederland B.V.
	  	Federal Republic of Germany
	 Hexion Specialty Chemicals Stanlow Limited
	  	England and Wales
	 Lawter International Inc.
	  	Delaware
	 Borden Chemical International, Inc.
	  	Delaware
	 Oilfield Technology Group, Inc.
	  	Delaware
	 Combined Composite Technologies Limited
	  	England and Wales
	 RSM Europe B.V.
	  	The Netherlands
	 Resolution Specialty Materials Rotterdam B.V.
	  	The Netherlands
	 Hexion Specialty Chemicals GmbH
	  	Federal Republic of Germany
	 National Borden Chemical Germany GmbH
	  	Federal Republic of Germany
	 Hexion Specialty Chemicals Stuttgart GmbH
	  	Federal Republic of Germany
	 Bakelite Polymers UK Limited
	  	England and Wales
	 Hexion CI Holding Company (China) LLC
	  	Delaware
	 Hexion Specialty Chemicals Clayton Ltd.
	  	England and Wales
	 Hexion Specialty Chemicals Leuna GmbH
	  	Federal Republic of Germany
	 Hexion Specialty Chemicals Rotterdam Ink B.V.
	  	The Netherlands
	 Hexion Specialty Chemicals Maastricht B.V.
	  	The Netherlands
	 Hexion Specialty Chemicals Finance B.V.
	  	The Netherlands
	 Hexion Specialty Chemicals Forest Products GmbH
	  	Federal Republic of Germany
	 Hexion Specialty Chemicals Holding Germany GmbH
	  	Federal Republic of Germany
	 New Nimbus GmbH & Co. KG
	  	Federal Republic of Germany
	 Hexion Funing Holdings Limited
	  	Hong Kong
	 Hexion IAR Holdings (HK) Ltd.
	  	Hong Kong
	 Hexion Nanping Holdings Limited
	  	Hong Kong
	 Hexion Fengkai Holdings, Ltd.
	  	Hong Kong
	 Hexion Specialty Chemicals Barbastro S.A.
	  	Spain
	 Hexion Specialty Chemicals Iberica, S.A.
	  	Spain

  

 Schedule 2(c)-1 

 SCHEDULE 2(d) 
 Locations at Which Grantors Maintain Equipment or Other Collateral Not Identified on Schedule 2(b) 
  

							
	 Grantor
	  	 Mailing Address
	  	 County
	  	 State/Country/
 Province

	 Hexion Specialty Chemicals, Inc.
	  	 Lock & Dam Road
 State
Route 135
 Demopolis, AL 36732
	  	Marengo	  	Alabama
				
		  	 590 East 100th
 Anchorage,
AK 99515
	  	Anchorage Borough	  	Alaska
				
		  	 185 N. Industrial Drive
 Hope, AR 71801
	  	Lafayette	  	Arkansas
				
		  	 10300 Arch Street
 Little
Rock, AR 72206
	  	Pulaski	  	Arkansas
				
		  	 2088 Wine Dot Rd.
 Malvern,
AR 72104
	  	Hot Springs	  	Arkansas
				
		  	 41100 Boyce Road
 Freemont,
CA 94538
	  	Alameda	  	California
				
		  	 16010 Phoebe Avenue
 La
Mirada, CA
	  	Orange	  	California
				
		  	 2801 Lynwood Road
 Lynwood,
CA 90262
	  	Los Angeles	  	California
				
		  	 2525 South Combee Rd.
 Lakeland, FL 33801
	  	Polk	  	Florida
				
		  	 1201 10th Avenue
 Columbus, GA 31906
	  	Muscogee	  	Georgia
				
		  	 71 Barnett Road
 Forest
Park, GA 30297
	  	Clayton	  	Georgia
				
		  	 1019 Jericho Road
 Aurora,
IL
	  	Kane	  	Illinois
				
		  	 1401 Circle Avenue
 Forest
Park, IL
	  	Cook	  	Illinois
				
		  	 1449 Devil’s Backbone Road
 Oregon, IL
	  	Ogle	  	Illinois
				
		  	 8600 West 71st Street (Argo)
 Bedford Park, IL 60501
	  	Cook	  	Illinois
				
		  	 400 East Cottage Avenue
 Carpentersville, IL 60110
	  	Kane	  	Illinois
				
		  	 Meidinger Tower Building
 462 South Fourth Ave.
 Louisville, KY
	  	Jefferson	  	Kentucky
				
		  	 6200-6210 Campground Road
 Louisville, KY 40218
	  	Jefferson	  	Kentucky
				
		  	 4211 Bramers Land
 Louisville, KY 40216
	  	Jefferson	  	Kentucky
				
		  	 9288 Highway 75
 Geismar, LA
70734
	  	Ascension	  	Louisiana

  

 Schedule 2(d)-1 

							
	 Grantor
	 	 Mailing Address
	  	 County
	  	 State/Country/
 Province

		 	 Hwy 75 Geismar Barge
 Terminal
 Geismar, LA 70734
	  	Ascension	  	Louisiana
				
		 	 16122 River Road, West
 Site
Admin Bldg.
 Norco, LA 70079
	  	St. Charles	  	Louisiana
				
		 	 341 Highway East.
 Baxley,
GA 31513
	  	Appling	  	Georgia
				
		 	 Highway 30 & 73
 Geismar, LA 70734
	  	Ascension	  	Louisiana
				
		 	 18167 E. Petroleum Dr.
 Highland Business Park
 Baton Rouge, LA 70809
	  	East Baton Rouge	  	Louisiana
				
		 	 3901 Sugar House Road
 Alexandria, LA 71307
	  	Rapides	  	Louisiana
				
		 	 111 Grattan Street
 Chicopee, MA 01103
	  	Hampden	  	Massachusetts
				
		 	 1507 Southern Drive
 Virginia, MN
	  	Saint Louis	  	Minnesota
				
		 	 3670 Grant Creek Road
 Missoula, MT 59801
	  	Missoula	  	Montana
				
		 	 64 Forman Road
 South Glen
Falls, NY 12803
	  	Saratoga	  	New York
				
		 	 114 Industrial Boulevard
 Morganton, NC 28655
	  	Burke	  	North Carolina
				
		 	 1411 Industrial Drive
 Fayetteville, NC 28301
	  	Cumberland	  	North Carolina
				
		 	 1717 Ward Street
 High
Point, NC 27260
	  	Guilford	  	North Carolina
				
		 	 815D Virginia Street
 Lenoir, NC 2864
	  	Caldwell	  	North Carolina
				
		 	 333 Neils Eddy Rd
 Riegelwood, NC
	  	Columbus	  	North Carolina
				
		 	630 Glendale — Milford Rd. Cincinnati, OH 45215	  	Hamilton	  	Ohio
				
		 	 4243 South Avenue
 Toledo,
Ohio
	  	Lucas	  	Ohio
				
		 	 630 Morrison Rd
 Suite 300

 Gahanna, OH 43230
	  	Franklin	  	Ohio
				
		 	 1 South 3rd
 Tuttle, OK
73089
	  	Grady	  	Oklahoma
				
		 	 155 W. “A” Street
 Springfield, OR
	  	Lane	  	Oregon
				
		 	 470 South Second Street
 Springfield, OR 97477
	  	Lane	  	Oregon

  

 Schedule 2(d)-2 

							
	 Grantor
	 	 Mailing Address
	  	 County
	  	 State/Country/
 Province

		 	 610 South Second St.
 Springfield, OR 97477
	  	Lane	  	Oregon
				
		 	 10915 N Lombard Street
 Portland, OR 97203
	  	Multnomah	  	Oregon
				
		 	 3366 NW Yeon Street
 Portland, OR 97210
	  	Multnomah	  	Oregon
				
		 	 2301 N. Columbia Blvd.
 Portland, OR 97217
	  	Multnomah	  	Oregon
				
		 	 62575 Highway 82
 LaGrande,
OR 97850
	  	Union	  	Oregon
				
		 	 253 Borden Drive
 Mt.
Jewett, PA 16740
	  	McKean	  	Pennsylvania
				
		 	 200 Railroad Street
 Roebuck, SC 29376
	  	Spartanburg	  	South Carolina
				
		 	 637 Waldron Road
 La Vergne,
TN 37086
	  	Rutherford	  	Tennessee
				
		 	 100 Borden Drive
 Diboll, TX
75941
	  	Angelina	  	Texas
				
		 	 500 Sam Houston Road
 Mesquite, TX 75149
	  	Dallas	  	Texas
				
		 	 8450 West Bay Road
 Baytown,
TX 77522
	  	Harris	  	Texas
				
		 	 7707 Wallisville Road
 Houston, TX 77020
	  	Harris	  	Texas
				
		 	 15730 Park Row
 Houston, TX
77084
	  	Harris	  	Texas
				
		 	 100 E. Houston Street
 George West, TX 78022
	  	Live Oak	  	Texas
				
		 	 45 Acfrac Road
 Brady, TX
734
	  	Mason	  	Texas
				
		 	 6001 W. Industrial
 Midland,
TX 79706
	  	Midland	  	Texas
				
		 	 3202 Windmill Rd.
 Cleburne,
TX 76033
	  	Johnson	  	Texas
				
		 	 5900 Highway 225, Gate 7B
 Deer Park, TX 77536
	  	Harris	  	Texas
				
		 	 201 Cedar Road
 Ennis, TX
77477
	  	Ellis	  	Texas
				
		 	 12650 Directors Dr.
 Suite
100
 Stafford, TX 77477
	  	Fort Bend	  	Texas
				
		 	 421 First Avenue North
 Kent, WA
	  	King	  	Washington
				
		 	 520 Building to 520 112th Ave.
 N.E.

 Bellevue, WA
	  	King	  	Washington
				
		 	 2522 South 24th Street
 Sheboygan, WI 53081
	  	Sheboygan	  	Wisconsin

  

 Schedule 2(d)-3 

							
	 Grantor
	  	 Mailing Address
	  	 County
	  	 State/Country/
 Province

		  	 Rail Siding
 32239
Bonneville
 Shoshoni, WY 82649
	  	Fremont	  	Wyoming
				
		  	 1145 Elk Street
 Rock
Springs, WY 82902
	  	Sweetwater	  	Wyoming
				
		  	 Europakaj 6700
 Esbjerg
Denmark
	  	N/A	  	Denmark
				
		  	 c/o P.S. Ridgeway Ltd.
 Balgray Place
 Dundee Scotland DDS811
	  	N/A	  	United Kingdom
				
		  	 2759 Battleground Rd,
 Vopak
– Deer Park
 Houston, TX
	  	Harris	  	Texas
				
		  	8609 City Park Loop East, Exel Warehouse	  	Harris	  	Texas
				
		  	 10 Robert Wilson Road
 Longview, TX 75062
	  	Gregg	  	Texas
				
		  	 630 McFarlind Drive
 Houston, TX 77011
	  	Harris	  	Texas
				
		  	 31st Floor, 3101 Maxdo Centre,
 8 xing Yi Rd. Shanghai, China
 200336
	  	Shanghai	  	China
				
		  	 2199 Athens Hwy
 Jefferson,
GA 30549
	  	Jackson	  	Georgia
				
		  	 100 North Eastman Road
 Kingsport, TN
	  	N/A	  	Tennessee
				
	 Hexion Specialty Chemicals a.s.
	  	 Tovarni 2093
 Sokolov Czech
Republic 35680
	  	N/A	  	Czech Republic
				
	 Hexion Specialty Chemicals
	  	 Ankerkade 81
 Maastricht
Netherlands 6222NL
	  	N/A	  	The Netherlands
				
		  	 Pardubice Semtin
 Czech
Republic CZ5334
	  	N/A	  	Czech Republic
				
	 Hexion Specialty Chemicals Canada, Inc.
	  	 12621 & 12631-156th Street
 NW
 Edmonton, AB TSV 1E1
	  	N/A	  	Alberta
				
		  	 Land Location SE 16-54-14 W5
 Peers, AB
	  	N/A	  	Alberta
				
		  	 12926 97th St.
 Grand
Prairie, AB T8V 6W3
	  	N/A	  	Alberta
				
		  	 305 Park Road
 Fort
Saskatchewan, AB T8L
 2N9
	  	N/A	  	Alberta
				
		  	 8025 Edgar Industrial Place
 Red Deer, AB T4P 3R3
	  	N/A	  	Alberta
				
		  	888 3rd Street SW, #1000 Calgary, AB T2P 5C5	  	N/A	  	Alberta

  

 Schedule 2(d)-4 

							
	 Grantor
	  	 Mailing Address
	  	 County
	  	 State/Country/
 Province

		  	 #400, 633-6th Ave SW
 Calgary, AB T2P 2Y5
	  	N/A	  	Alberta
				
		  	 Scott Road
 Port of Prince
Rupert, BC
	  	N/A	  	British Columbia
				
		  	 1550 W. 75th
 Vancouver,
BC V6P 3G3
	  	N/A	  	British Columbia
				
		  	 Track AE63
 855 River Rd.

 Prince George, BC V2L 5M5
	  	N/A	  	British Columbia
				
		  	2075 Francis Hugues Avenue Laval, Quebec	  	N/A	  	Quebec
				
		  	 675 Perreault Street
 Saint-Romuald, Quebec
	  	N/A	  	Quebec
				
	 Hexion Nova Scotia Finance, ULC
	  	N/A	  		  	
				
	 Borden Chemical UK Limited
	  	 Northwest Industrial Estate Peterlee Co.
 Durham, SR8 2HR
	  	N/A	  	United Kingdom
				
	 Hexion Specialty Chemicals UK Limited
	  	 Station Road
 Cowie Stirling

 FK7 7BQ Scotland
	  	N/A	  	United Kingdom
				
	 Hexion Specialty Chemicals
	  	 Chemiestraat
 30 Rotterdam,
Botlek 3197
 Netherlands
	  	N/A	  	The Netherlands
				
	 Hexion Specialty Chemicals Rotterdam Ink B.V.
	  	 Montemor-o-Velho
 Santo
Varao 3140
	  	N/A	  	Portugal
				
	 Hexion Specialty Chemicals Leuna GmbH
	  	 Am Haupttor, Bau 7545
 Leuna

	  	N/A	  	Germany
				
	 Hexion Specialty Chemicals BVBA
	  	 Ketenislaan 1C, Haven 1520
 Kallo, East Flanders
 B-9130
 Belgium
	  	N/A	  	Belgium
				
		  	 Monnet Centre, Avenue Jean
 Monnet 1
 Louvain-la-Neuve, Brabant
 Wallon
 1348
 Belgium
	  	N/A	  	Belgium
				
	 Hexion Specialty Chemicals
	  	 Teollisuustie 20 B
 Puhos,

 82430
 Finland
	  	N/A	  	Finland

  

 Schedule 2(d)-5 

							
	 Grantor
	  	 Mailing Address
	  	 County
	  	 State/Country/
 Province

		  	 52, rue de la Haie Coq
 Aubervilliers,
 93306
 France

	  	N/A	  	France
				
		  	 32 Avenue FOCH
 Bolbec,
 76210
 France
	  	N/A	  	France
				
		  	 704, rue Pierre et Marie Curie
 Ribecourt, BP 80229
 60772
 France
	  	N/A	  	France
				
	 Hexion Specialty Chemicals S.A.
	  	 3 Impasse Barbet - BP 102
 Deville Les Rouen,
 76250
 France
	  	N/A	  	France
				
	 Hexion Specialty Chemicals, GmbH
	  	 Varziner Straße 49
 Duisburg, North Rhine-
 Westphalia
 D-47138
 Germany
	  	N/A	  	Germany
				
		  	 Glockenrain 2
 Frielendorf,
Hessen
 D - 34621
 Germany
	  	N/A	  	Germany
				
		  	 Gennaer Str. 2-4
 Iserlohn,
North Rhine-
 Westphalia
 D-58642
 Germany
	  	N/A	  	Germany
				
	 Hexion Specialty Chemicals Stuttgart GmbH
	  	 Am Ostkai 21/22
 Stuttgart,

 D-70327
 Germany
	  	N/A	  	Germany
				
	 Hexion Specialty Chemicals
	  	 Camino de Sangroniz, núm. 8
 Sondika, Bizkaia
 48150
 Spain

	  	N/A	  	Spain
				
	 Hexion Specialty Chemicals B.V.
	  	 Vondelingenweg 601
 Pernis
(Rotterdam), Zuid-
 Holland
 3196 KK

 Netherlands
	  	N/A	  	The Netherlands

  

 Schedule 2(d)-6 

 SCHEDULE 2(e) 
 Place of Business of Any Grantor Not Identified on Schedules 2(a), 2(b), 2(c) or 2(d) 
 None. 
  

 Schedule 2(e)-1 

 SCHEDULE 2(f) 
 Real Property Owned and Leased by Each Grantor 
  

					
	 Address
	  	 Owned / Leased
	  	 Entity

	 180 E. Broad Street
 Columbus, OH 43215
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 15730 Park Row
 Houston, TX
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 1 South 3rd
 Tuttle, OK 73089
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 520 Building, Bellevue, WA
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 Meidinger Tower Building
 462 South Fourth Ave.
 Louisville, KY
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 14700 Firestone Blvd.
 La Mirada, CA
	  	Leased - Expires 1/31/2010	  	Hexion Specialty Chemicals, Inc.
			
	 155 W. “A” Street
 Springfield, OR
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 2301 N. Columbia Blvd.
 Portland, OR 97217
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 8450 West Bay Road
 Baytown, TX 77522
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 18167 E. Petroleum Drive
 Highland Business Park
 Baton Rouge, LA 70809
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 10 Robert Wilson Road
 Longview, TX
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 2808 Hillcreek Drive, Suite A,
 Augusta, GA 30909
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 180 E. Broad Street
 Columbus, OH 43215
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 State Route 1178, Morganton,
 NC 28655
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 1717 Ward Street , High Point,
 NC 27260
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 1411 Industrial Drive,
 Fayetteville, NC 28301
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 3670 Grant Creek Road,
 Missoula, MT 59801
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 1201 10th Avenue, Columbus,
 GA 31906
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 1507 Southern Drive, Virginia,
 MN 55792
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 9288 Highway 75, Geismar,
 LA 70734
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 Hwy 75, Geismar Barge
 Terminal, Geismar, LA 70734
	  	Owned	  	Hexion Specialty Chemicals, Inc.

  

 Schedule 2(f)-1 

					
	 Address
	  	 Owned / Leased
	  	 Entity

	 Highway 30 & 73, Geismar, LA
 70734
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 Lock & Dam Road, State Route
 135, Demopolis, AL 36732
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 185 N. Industrial Drive, Hope,
 AR 71801
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 41100 Boyce Road, Fremont,
 CA 94538
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 3901 Sugar House Road,
 Alexandria, LA 71307
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 630 Glendale-Milford Rd.,
 Cincinnati, OH 45215
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 62575 Highway 82, LaGrande,
 OR 97850
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 10915 N Lombard Street,
 Portland, OR 97203
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 470 South Second Street,
 Springfield, OR 97477
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 7227 Hutchins Road, Mt. Jewett,
 PA 16740
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 F.M. Highway 734, Brady,
 TX 76825
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 100 Borden Drive, Diboll,
 TX 75941
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 2522 South 24th Street,
 Sheboygan, WI 53081
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 64 Farnan Road, South Glens
 Falls, NY 12803
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 200 Railroad Street, Roebuck,
 SC 29376
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 400 East Cottage Avenue,
 Carpentersville, IL 60110
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 6906 Dixie Street, Columbus,
 GA 31907
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 201 Cedar, Ennis, Texas 75119
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 71 Barnett Road, Forest Park,
 GA 30297
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 2801 Lynwood Road, Lynwood,
 CA 90262
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 6200 Campground Road,
 Louisville, KY 40216
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 8601 95th Street, Pleasant
 Prairie, WI 53158
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 637 Waldron Road, LaVergne,
 TN 37086
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 305 Park Road, W4 Industrial
 Park, Fort Saskatchewan AB
 TBL 2N9
	  	Owned	  	Hexion Specialty Chemicals Canada, Inc.

  

 Schedule 2(f)-2 

					
	 Address
	  	 Owned / Leased
	  	 Entity

	 1550 W. 75th, Vancouver, BC
 V6P 3G3
	  	Owned	  	Hexion Specialty Chemicals Canada, Inc.
			
	 Track AE63
 855 River Rd.
 Prince George, BC V2L 5M5
	  	Leased	  	Hexion Specialty Chemicals Canada, Inc.
			
	 Scott Road
 Port of Prince Rupert, BC
	  	Leased	  	Hexion Specialty Chemicals Canada, Inc.
			
	 12621 & 12631, 156th Street
 N.W., Edmonton, AB T5V1E1
	  	Owned	  	Hexion Specialty Chemicals Canada, Inc.
			
	 105 Drury Street, North Bay,
 ON P1A 3Z7
	  	Owned	  	Hexion Specialty Chemicals Canada, Inc.
			
	 2075 Francis Hughes Avenue,
 Laval, Quebec H7S 1N5
	  	Owned	  	Hexion Specialty Chemicals Canada, Inc.
			
	 675 Perreault Street, Saint-
 Romuald, Quebec G6W 7Z9
	  	Owned	  	Hexion Specialty Chemicals Canada, Inc.
			
	 888 3rd Street SW, #1000
 Calgary, AB T2P 5C5
	  	Leased	  	Hexion Specialty Chemicals Canada, Inc.
			
	 39 Industrial Street
 Toronto, Ontario M4G 1Z2
	  	Leased	  	Hexion Specialty Chemicals Canada, Inc.
			
	 Northwest Industrial Estate,
 Peterlee Co., Durham, SR8 2HR
	  	Owned	  	Borden Chemical UK Limited
			
	 Cowie Stirling
 FK7 7BQ Scotland
	  	Leased	  	Hexion Specialty Chemicals UK Limited
			
	 Chemiestraat
 30 Rotterdam, Botlek 3197
 Netherlands
	  	Leased	  	Hexion Specialty Chemicals UK Limited
			
	 2525 South Combee Road,
 Lakeland, FL 33801
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 8600 W. 71st Street
 Bedford Park, IL 60501
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 15526 River Road
 Norco, LA 70079
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 5900 Highway 225
 Deer Park, TX 77536
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 3333 Highway 6 South
 Houston, TX 77082
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 1600 Smith Street, 24th Floor
 Houston, TX 77002
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 3202 Windmill Road
 Cleburne, TX 76033
	  	Leased	  	Hexion Specialty Chemicals, Inc.
			
	 Chemieweg 25
 4782 SJ Moerdijk
 The Netherlands
	  	Leased	  	Hexion Specialty Chemicals UK Limited
			
	 Ankerkade 81,
 6222 NL Maastricht
 The Netherlands
	  	Owned	  	Hexion Specialty Chemicals Maastricht B.V.
			
	 Am Haupttor, Bau 6101,
 06237 Leuna
 Germany
	  	Owned	  	Hexion Specialty Chemicals Leuna GmbH

  

 Schedule 2(f)-3 

					
	 Address
	  	 Owned / Leased
	  	 Entity

	 Chemiestraat 30 Haven 4203,
 3197 KB
 Botlek Rotterdam
 The Netherlands
	  	Leasehold	  	Hexion Specialty Chemicals UK Limited (Dutch Branch)
			
	 Vondelingenweg 601
 3196 KK Vondelingenplaat
 Rotterdam
 The Netherlands
	  	Leased	  	Hexion Specialty Chemicals B.V.
			
	 ‘Port Park’
 Seattleweg 17, building 4
 3195 ND Pernis - Rotterdam
 The Netherlands
	  	Leased	  	Hexion Specialty Chemicals B.V.
			
	 Vondelingenweg 601, Pernis,
 3019 An, Netherlands
	  	Leased	  	Hexion Specialty Chemicals B.V.
			
	 Sully Moors Road, South
 Glamorgan (Barry), Cf64 5yu,
 United Kingdom
	  	Leased	  	Hexion Specialty Chemicals UK Limited
			
	 8600 West 71st St, Argo
 Bedford Park, IL 60501
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 9288 Highway 75, Geismar, LA
 70734,
	  	Owned	  	Hexion Specialty Chemicals, Inc.
			
	 Brühler Str. 60
 Wesseling
 D 50389
 Germany
	  	Leased (production facility and warehouse)	  	Hexion Specialty Chemicals Wesseling GmbH
			
	 Cheshire Innovation Park
 Stanlow
 Ellesmere Port, South Wirral
 CH1 3SH United
Kingdom
	  	Leased	  	Hexion Specialty Chemicals Stanlow Ltd.
			
	Leased land pursuant to Commercial Lease dated September 7, 2000, between the Horowitz Family Trust, by Ralph Horowitz as trustee, and McWhorter Technologies, Inc. for any
lawful purpose in 1.35 acres property of Horowitz Family Trust as described in the recorder’s office of the County of Los Angeles, State of California, as assessor’s parcels 4 and 10 in Map Book 146	  	Leased	  	
			
	Warehouse storage lease contract with West Brothers Transfer and Storage dated February 28, 1967, in Raleigh, North Carolina	  	Leased	  	

  

 Schedule 2(f)-4 

					
	 Address
	 	 Owned / Leased
	 	 Entity

	Warehouse lease agreement for inventory storage in Kenosha, WI, dated December 6, 1996	 	Leased	 	RSM Europe B.V.
			
	31st Floor, 3101 Maxdo Centre, 8 Xing Yi Rd. Shanghai, China 200336	 	Leased	 	Borden Chemical International, Inc.
			
	 8 Millbrook Close Chandlers
 Ford Industrial Estate, Eastleigh, Hampshire SO53 4BZ
 UK
	 	Leased	 	Combined Composite Technologies Limited
			
	 Varziner Straße 49
 Emmerricher Stasse 45,
 Meiderich,
 47138 Duisburg,
 Germany
	 	 Owned
 (some
leased)
	 	Hexion Specialty Chemicals GmbH
			
	 Gennaer Straße 2-4
 Stenglingser Weg,
 Letmathe,
 Iserlohn,
 Germany
	 	Owned	 	Hexion Specialty Chemicals GmbH
			
	 Glockenrain 2,
 34621
Frielendorf
 Germany
	 	Owned	 	Hexion Specialty Chemicals GmbH
			
	 Am Ostkai 21
 Stuttgart,
D-70327
 Germany
	 	Leased (warehouse) until 31st of March 2010	 	Hexion Specialty Chemicals Stuttgart GmbH
			
	 Am Ostkai 22c
 Stuttgart,
D-70327
 Germany
	 	Leased (office/production hall) until 31st of December 2010	 	Hexion Specialty Chemicals Stuttgart GmbH
			
	 Fritz-Müller-Straße 116
 D-73730 Esslingen
 Germany
	 	Leased	 	Hexion Specialty Chemicals Stuttgart GmbH
			
	 Am Haupttor, Bau 7545
 06237
Leuna
 Germany
	 		 	Hexion Specialty Chemicals Forest Products GmbH
			
	 Syer House,
 Stafford Court,

 Stafford Park 1,
 Telford,

Shropshire, UK
	 	Leased	 	Bakelite Polymers UK Limited
			
	 Poligono Industrial
 “Valle Del Cinca” Apartado 18
 Barbastro Huesca
 22300
	 	Owned	 	Hexion Specialty Chemicals Barbastro S.A.
			
	 Ante Pardo 7 - Pol
 Industrial
Lantaron c.p
 :1213
 Lantaron, Alava

 E-01213
	 	Owned	 	Hexion Specialty Chemicals Iberica, S.A.

  

 Schedule 2(f)-5 

 SCHEDULE 2(g) 
 Persons Other Than a Grantor That Have Possession of Any Collateral of Such Grantor 
  

							
	 Grantor
	  	 Mailing Address
	  	County	  	State/
Province/
Country
	Hexion LLC	  	None.	  		  	
				
	Hexion Specialty Chemicals, Inc.	  	 Southern Precision
 400 Powell
Avenue
 Birmingham, AL 35222
	  	Jefferson	  	Alabama
				
		  	 Van Waters & Rogers
 590
East 100th
 Anchorage, AK 99515
	  	Anchorage
Borough	  	Alaska
				
		  	 Procel Corporation
 10300 Arch
Street
 Little Rock, AR 72206
	  	Pulaski	  	Arkansas
				
		  	 HP Data Center
 5555 Windward
Pkwy
 Alpharetta, GA 30004
	  	Fulton	  	Georgia
				
		  	 Superior Solvents
 400 West
Regent
 Indianapolis, IN 46225
	  	Marion	  	Indiana
				
		  	 Superior Solvent
 4211 Bramers
Land
 Louisville, KY 40216
	  	Jefferson	  	Kentucky
				
		  	 Hercules
 111 Grattan Street

 Chicopee, MA 01013
	  	Hampden	  	Massachusetts
				
		  	 Seaco
 815D Virginia St. SW

 Lenoir, NC 28645
	  	Caldwell	  	North
Carolina
				
		  	 McCorkle Trucking
 2132 SE 18
th St
 Oklahoma City, OK 73179
	  	Oklahoma	  	Oklahoma
				
		  	 Tuttle Grain Supply
 1 South 3
rd
 Tuttle, OK 73089
	  	Grady	  	Oklahoma
				
		  	 4601 S. MacArthur
 Oklahoma
City, OK
 73179
	  	Oklahaoma	  	Oklahoma
				
		  	 Hercules
 3366 NW Yeon Street

 Portland, OR 97210
	  	Multnomah	  	Oregon
				
		  	 Fentak
 2301 N. Columbia Blvd.

 Section 1
 Portland, OR
97217
	  	Multnomah	  	Oregon

  

 Schedule 2(g)-1 

							
	 Grantor
	  	 Mailing Address
	  	County	  	State/
Province/
Country
		  	 Frinz Industries
 500 Sam
Houston Road
 Mesquite, TX 75149
	  	Dallas	  	Texas
				
		  	 Agri-Empresa
 6001 W.
Industrial
 Midland, TX 79706
	  	Midland	  	Texas
				
		  	 Superior Packaging
 7707
Wallisville Road
 Houston, TX 77020
	  	Harris	  	Texas
				
		  	 Border Pacific Railroad
 901
East 4th Street
 Rio Grande City, TX 78582
	  	Starr	  	Texas
				
		  	 Badger Mining
 100 E. Houston
Street
 George West, TX 78022
	  	Live Oak	  	Texas
				
		  	 Delta Petroleum
 15021 Sheldon
Rd
 Crosby, TX 77532
	  	Harris	  	Texas
				
		  	 Dixie Chemical
 10601 Bay Area
Blvd
 Pasadena, TX 77507
	  	Harris	  	Texas
				
		  	 Commodities Plus
 2702 1/2 NW.
Lower River Road
 Vancouver, WA 98660
	  	Clark	  	Washington
				
		  	 Rock Transfer & Storage
 7474 Rockway Ct.
 Milwaukee, WI 53224
	  	Milwaukee	  	Wisconsin
				
		  	 BTI
 Rail Siding
 32239 Bonneville
 Shoshoni, WY 82649
	  	Fremont	  	Wyoming
				
		  	 Southwestern Wool
 1145 Elk
Street
 P.O. Box 1173
 Rock Springs, WY
82901
	  	Sweetwater	  	Wyoming
				
		  	 Valspar Sourcing, Inc.
 90
Carson Road
 BIRMINGHAM, AL 35215
 (consignment)
	  	Shelby	  	Alabama
				
		  	 Valspar Sourcing, Inc.
 701 S
Shiloh Road
 GARLAND, TX 75042
 (consignment)
	  	Dallas	  	Texas
				
		  	 Valspar Sourcing, Inc.
 372
Cleveland Street
 ROCHESTER, PA 15074
 (consignment)
	  	Beaver	  	Pennsylvania

  

 Schedule 2(g)-2 

							
	 Grantor
	  	 Mailing Address
	  	County	  	State/
Province/
Country
		  	 Valspar Sourcing, Inc.
 2841
South Ashland Avenue
 CHICAGO, IL 60608
 (consignment)
	  	Cook	  	Illinois
				
		  	 Valspar Sourcing, Inc.
 95
Quaker Oats Drive
 JACKSON, TN 38301
 (consignment)
	  	Madison	  	Tennessee
				
		  	 Valspar Sourcing, Inc.
 1117
Erie
 NORTH KANSAS CITY, MO
 64116
	  	Clay	  	Missouri
				
		  	 Valspar Sourcing, Inc.
 10300
Claude Freeman Drive
 CHARLOTTE, NC 28262
 (consignment)
	  	Mecklenburg	  	North
Carolina
				
		  	 Hubbell Power Systems, Inc.
 300 N Howard Burton
 CENTRALIA, MO 65240
 (consignment)
	  	Boone	  	Missouri
				
		  	 PPG Industries, Inc.
 Washburn
Switch Road
 SHELBY, NC 28150
 (consignment)
	  	Cleveland	  	North
Carolina
				
		  	 PPG Industries, Inc.
 1377
Oakleigh Drive
 EAST POINT, GA 30344
 (consignment)
	  	Fulton	  	Georgia
				
		  	 PPG Industries, Inc.
 760
Pittsburgh Drive
 DELAWARE, OH 43015
 (consignment)
	  	Delaware	  	Ohio
				
		  	 PPG Industries, Inc.
 961
Division
 ADRIAN, MI 49221
 (consignment)
	  	Lenawee	  	MI
				
		  	 PPG Industries, Inc.
 10800 S
13th Street
 OAK CREEK, WI 53154
 (consignment)
	  	Milwaukee	  	Wisconsin
				
		  	 PPG Industries, Inc.
 Route 23
S
 CIRCLEVILLE, OH 43113
 (consignment)

	  	Pickaway	  	Ohio
				
		  	 Precision Fabrics Group
 323
Virginia Ave.
 Vinton, VA 24179 (consignment)
	  	Roanoke	  	Virginia

  

 Schedule 2(g)-3 

							
	 Grantor
	  	 Mailing Address
	  	County	  	State/
Province/
Country
		  	 Braden Sutphin Ink Co.
 3650
93rd Street
 Cleveland, OH 44105 (consignment)
	  	Cuyahoga	  	Ohio
				
		  	 Valspar Canada Ltd.
 645
Coronation Drive
 Westhill, ON M1E 2K4 (consignment)
	  	N/A	  	Ontario
				
		  	 Red Devil, Inc.
 4175 Webb St.

 Pryor, OK 74361
 (consignment)
	  	Mayes	  	Oklahoma
				
		  	 Akzo Nobel Paints LLC
 Cleveland, OH 44101
 (consignment)
	  	Cuyahoga	  	Ohio
				
		  	 Kustom Blending
 3 Carbon Way

 Richwood, KY 41094
 (consignment)

	  	Boone	  	Kentucky
				
		  	 Industrial Polymers
 508 Boston
Turnpike
 Shrewsbury, MA 01545
 (consignment)
	  	Worcester	  	Massachusetts
				
		  	 Burlington Industries, Inc.
 Old US #1
 Cordova, NC 28330
 (consignment)
	  	Richmond	  	North
Carolina
				
		  	 Becker Industrial Coatings
 Brobyvaegen 2
 Arlandastad, 195 60 Sweden
 (consignment)
	  	N/A	  	Sweden
				
		  	 PPG Coatings B.V.
 (consignment)
 Papesteeg 95/102
 NL-4006 MG TIEL
	  	N/A	  	The
Netherlands
				
		  	 Nexa Autocolor
 PPG Industries
(UK) Ltd
 E-Site Bulk Storetries UK Ltd
 (consignment)
 Needham Road
 IP14 2AD STOWMARKET,
 SUFFOLK/GB
	  	N/A	  	UK
				
		  	 The Valspar Uk Corporation
 Ltd
Deeside
 Packaging Coatings Group
 (consignment)
 Parkway, Deeside Indst Park
 CH5 2NN DEESIDE,
 FLINTSHIRE / GB
	  	N/A	  	UK

  

 Schedule 2(g)-4 

							
	 Grantor
	  	 Mailing Address
	  	County	  	State/
Province/
Country
		  	 PPG INDUSTRIE FRANCE SA
 USINE
DE SAULTAIN
 (consignment)
 ROUTE
D’ESTREUX
 59990 SAULTAIN / FR
	  	N/A	  	France
				
		  	 The Valspar (France)
 Corporation SA
 Packaging Coatings Group
 (consignment)
 25 Blvd Du Marechal Juin
 44100 NANTES CEDEX / FR
	  	N/A	  	France
				
		  	 PPG Industries Italia SRL
 (consignment)
 SS 87 Km 14+460 80023
 CAIVANO NA / IT
	  	N/A	  	Italy
				
		  	 PPG Industries Italia SRL
 (consignment)
 Via Serra 1
 15028 QUATTORDIO AL / IT
	  	N/A	  	Italy
				
		  	 PPG Iberica S.A.
 (consignment)

 Riu Vinalopo-Zona Industrial 3
 46930
QUART DE POBLET –VALENCIA/ ES
	  	N/A	  	Spain
				
		  	 DuPont Powder Coatings AB
 (consignment)
 Varvsgatan 23
 593 25 VAESTERVIK / SE
	  	N/A	  	Sweden
				
		  	 International Faerg AB
 (consignment)
 Holmedalen 3
 424 22 ANGERED / SE
	  	N/A	  	Sweden
				
		  	 AKZO NOBEL PACKAGING
 COATINGS
GMBH
 DUESSELDORFER
 STRASSE 96-100

 HILDEN (consignment)
	  	N/A	  	Germany
				
		  	 ATUSA EMPRESARIAL, S.L.
 POL.IND. AGURAIN S/N
 SALVATIERRA
 (consignment)
	  	N/A	  	Spain

  

 Schedule 2(g)-5 

							
	 Grantor
	  	 Mailing Address
	  	County	  	State/
Province/
Country
		  	 BOZZETTO GMBH
 VARZINER STR. 49

 DUISBURG
 (consignment)
	  	N/A	  	Germany
				
		  	 BÜRKERT WERKE GMBH & CO. KG
 CHRISTIAN-BÜRKERT-STR. 13-17
 INGELFINGEN
 (consignment)
	  	N/A	  	Germany
				
		  	 BÜRKERT WERKE GMBH & CO. KG
 LANDAUER STR. 24
 GERABRONN
 (consignment)
	  	N/A	  	Germany
				
		  	 DOW CHEMICAL COMPANY LIMITED
 SEAL SANDS ROAD
 MIDDLESBROUGH
 (consignment)
	  	N/A	  	UK
				
		  	 EBBECKE VERFAHRENSTECHNIK
 WINDECKER STR. 2
 SCHÖNECK
 (consignment)
	  	N/A	  	Germany
				
		  	 FOSECO ESPANOLA, S.A.
 IGORREKO
INDUSTRIALDEA
 IGORRE
 (consignment)

	  	N/A	  	Spain
				
		  	 FOSECO ESPANOLA, S.A.
 BARRIO
ELIZALDE, 5
 IZURZA (BIZKAIA)
 (consignment)
	  	N/A	  	Spain
				
		  	 GE POWER CONTROLS
 PG CLOT DEL
TUFAU
 ST. VICENC DE CASTELLET
 (consignment)
	  	N/A	  	Spain
				
		  	 HENKEL AG & CO. KGAA
 HENKELSTRASSE 67
 DÜSSELDORF HOLTHAUSEN
 (consignment)
	  	N/A	  	Germany
				
		  	 HONEYWELL FRICCION
 ESPAÑA S.L.
 SECTOR B CALLE B - ZONA FRANCA 14
 BARCELONA
 (consignment)
	  	N/A	  	Spain

  

 Schedule 2(g)-6 

							
	 Grantor
	  	 Mailing Address
	  	County	  	State/
Province/
Country
		  	 HONEYWELL
 BREMSBELAG
GMBH
 GLINDER WEG 1
 GLINDE BEI HAMBURG

 (consignment)
	  	N/A	  	Germany
				
		  	 HONEYWELL MATERIAUX DE FRICTION
 ZONE INDUSTRIELLE EST
 CONDE S/NOIREAU
 (consignment)
	  	N/A	  	France
				
		  	 HUNTSMAN HOLLAND BV
 MERSEYWEG
10
 BOTLEK
 (consignment)
	  	N/A	  	Netherlands
				
		  	 LACKWERKE PETERS GMBH + CO. KG
 HOOGHE WEG 13
 KEMPEN
 (consignment)
	  	N/A	  	Germany
				
		  	 PPG Industries Europe SARL
 LSU
SCHAEBERLE
 LOGISTIK & SPED GMBH
 MOTORSTRASSE 9
 STUTTGART-WEILIMDORF
 (consignment)
	  	N/A	  	Germany
				
		  	 NORBORD LIMITED,
 STATION ROAD

 COWIE
 (consignment)
	  	N/A	  	UK
				
		  	 NORBORD LIMITED,
 HILL VILLAGE
SOUTH MOLTON
 SOUTH MOLTON
 (consignment)
	  	N/A	  	UK
				
		  	 NORBORD NV
 EIKELAARSTRAAT 33

 GENK
 (consignment)
	  	N/A	  	Belgium
				
		  	 PPG INDUSTRIES EUROPE SARL
 CTRA. GRACIA MANRESA KM19.2
 RUBI
 (consignment)
	  	N/A	  	Spain

  

 Schedule 2(g)-7 

							
	 Grantor
	  	 Mailing Address
	  	County	  	State/
Province/
Country
		  	 RHODIUS SCHLEIFWERKZEUGE
 BROHLTALSTR. 2
 BURGBROHL
 (consignment)
	  	N/A	  	Germany
				
		  	 SACHSENRÖDER GMBH & CO.KG
 FRIEDRICH-ENGELS-ALLEE 143
 WUPPERTAL
 (consignment)
	  	N/A	  	Germany
				
		  	 SONAE (UK) LIMITED
 MOSS LANE

 LIVERPOOL
 (consignment)
	  	N/A	  	UK
				
		  	 THE CARBO GROUP GMBH
 KAPPELER
STR. 105
 DÜSSELDORF
 (consignment)
	  	N/A	  	Germany
				
		  	 ZDB GROUP a.s.
 Bezrucova 300

 Bohumín
 (consignment)
	  	N/A	  	Czech
Republic
				
		  	 DSB EURO s.r.o.
 GELLHORNOVA 18

 BLANSKO
 (consignment)
	  	N/A	  	Czech
Republic
				
	Hexion Specialty Chemicals, Inc.	  	 Kinder Morgan- Carteret
 78
Lafayette Street
 Carteret, NJ
	  	N/A	  	New
Jersey
				
		  	 Vopak - Deer Park
 2759
Battleground Road
 Deer Park, TX
	  	N/A	  	Texas
				
		  	 Stolthaven
 15635 Jacinto Port
Boulevard
 Houston, TX
	  	N/A	  	Texas
				
		  	 Truck Rail Handling
 45051
Industrial Drive
 Fremont, CA
	  	N/A	  	California
				
		  	 Ventura Lesbro - Wilmington, C
 1302 E Lomita Boulevard
 Wilmington, CA
	  	N/A	  	California
				
		  	 Vopak - Galena Park
 1500
Clinton Drive
 Galena Park, TX
	  	N/A	  	Texas

  

 Schedule 2(g)-8 

							
	 Grantor
	  	 Mailing Address
	  	County	  	State/
Province/
Country
		  	 Exel Logistics
 8605 City Park
Loop
 Houston, TX 77013
	  	N/A	  	Texas
				
		  	 Exel Logistics
 11935 Highway
225
 La Porte, TX 77571
	  	N/A	  	Texas
				
		  	 Gateway Warehouse
 1000 State
Street
 Calumet City, IL 60409
	  	N/A	  	Illinois
				
		  	 Gateway Warehouse
 1334 Field
Street
 Hammond, TX 46320
	  	N/A	  	Texas
				
		  	 Weber Truck and Warehouse
 13530 Rosecrans Avenue
 Santa Fe Springs, CA 90670
	  	N/A	  	California
				
		  	 Kemira Chemicals
 6601 Canal
Street
 Columbus, GA 31907
	  	N/A	  	Georgia
				
		  	 Fine Grindings Corporation
 241
East Elm St.
 Conshohocken, PA 19428
	  	N/A	  	Pennsylvania
				
		  	 Hickson Danchem Corp.
 1975
Richmond Blvd
 Danville, VA 24543
	  	N/A	  	Virginia
				
		  	 Chusel (USA) Quest
 2500 Bay
Area Blvd
 Pasadena, TX 77507
	  	N/A	  	Texas
				
		  	 Environmental Technology Inc.
 South Bay Depot Road
 Fields Landing, CA 95537
	  	N/A	  	California
				
	Hexion Specialty Chemicals B.V.	  	 Caldic BV
 Schansdijk
12
 Zevenbergen
 3197XX
	  	N/A	  	Netherlands
				
		  	 Den HartoghHartogh Moerdijk CV
 Middenweg 30
 Moerdijk
 47824782 PM
	  	N/A	  	Netherlands
				
		  	 Vopak Terminal TTR
 Torontostraat 19
 Rotterdam
 3197 XX
	  	N/A	  	Netherlands

  

 Schedule 2(g)-9 

							
	 Grantor
	  	 Mailing Address
	  	County	  	State/
Province/
Country
		  	 Danzas - Moerdijk
 6 Middenweg
Port M397
 Moerdijk
 4782
PM
	  	N/A	  	Netherlands
				
		  	 Tank Masters Moerdijk
 Middenweg 28
 Moerdijk
 4780PM

	  	N/A	  	Netherlands
				
		  	 De Rijke Botlek
 Nieuwesluisweg
214-222
 Botlek RT
 3197KV
	  	N/A	  	Netherlands
				
		  	 Katoennatie
 Ketenislaan 1 Quay
1548
 Kallo
 B-9130
	  	N/A	  	Belgium
				
	Hexion Specialty Chemicals Canada, Inc.	  	 763042 Alberta Limited d/b/a
 Sand Source Services
 8025 Edgar Industrial Place
 Red Deer, Alberta T4P 3R3
 Canada
	  	N/A	  	Alberta
				
		  	 Sand Source
 12926 97th St.

 Grand Prairie, AB T8V 6W3
	  	N/A	  	Alberta
				
		  	 Sand Source
 Land Location SE
16-54-14
 W5 Peers, AB
	  	N/A	  	Alberta
				
		  	 Scott Road
 Port of Prince
Rupert, BC
	  	N/A	  	British
Columbia
				
		  	 CNR Yard
 Track AE63

855 River Rd.
 Prince George, BC V2L
5M5
	  	N/A	  	British
Columbia
				
	Borden Chemical UK Limited	  	None.	  		  	
				
	Hexion Specialty Chemicals UK Limited	  	None.	  		  	
				
	Borden International Holdings Limited	  	None.	  		  	
				
	Borden Chemical Foundry, LLC	  	None.	  		  	
				
	Borden Chemical Investments, Inc.	  	None.	  		  	
				
	Hexion U.S. Finance Corp.	  	None.	  		  	
				
	Hexion Nova Scotia Finance, ULC	  	None.	  		  	
				
	HSC Capital Corporation	  	None.	  		  	
				
	Each RPP Foreign Subsidiary	  	None.	  		  	
				
	Lawter International Inc.	  	None.	  		  	
				
	Borden Chemical International, Inc.	  	None.	  		  	

  

 Schedule 2(g)-10 

							
	 Grantor
	  	 Mailing Address
	  	County	  	State/
Province/
Country
				
	Oilfield Technology Group, Inc.	  	None.	  		  	
				
	Combined Composite Technologies Limited	  	None.	  		  	
				
	RSM Europe B.V.	  	None.	  		  	
				
	Resolution Specialty Materials Rotterdam B.V.	  	None.	  		  	
				
	Hexion Specialty Chemicals GmbH	  	None.	  		  	
				
	Hexion Specialty Chemicals Stuttgart GmbH	  	None.	  		  	
				
	Hexion Specialty Chemicals Clayton Ltd.	  	None.	  		  	
				
	Hexion Specialty Chemicals Leuna GmbH	  	None.	  		  	
				
	Hexion Specialty Chemicals Finance B.V.	  	None.	  		  	
				
	Hexion Specialty Chemicals Forest Products GmbH	  	None.	  		  	
				
	New Nimbus GmbH & Co. KG	  	None.	  		  	
				
	Hexion Specialty Chemicals Barbastro S.A.	  	None.	  		  	
				
	Hexion Specialty Chemicals Iberica, S.A	  	 FOSECO ESPANOLA, S.A.
 BARRIO
ELIZALDE 5
 48123 IZURZA
	  	N/A	  	Spain

  

 Schedule 2(g)-11 

 SCHEDULE 3 
 Unusual Transactions 
 None. 
  

 Schedule 3-1 

 SCHEDULE 7 
 Stock Ownership and Other Equity Interests 
  

							
	 Subsidiary
	  	Jurisdiction of
Organization	  	 Owner(s)
	  	 Ownership Percentage

	Borden Chemical Investments, Inc.	  	DE	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	Borden Chemical Foundry, LLC	  	DE	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	HA-International, LLC	  	DE	  	Borden Chemical Foundry, LLC	  	50%
				
	Borden Chemical International, Inc.	  	DE	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	 Hexion U.S. Finance Corp.
 (f/k/a Borden U.S. Finance Corp.)
	  	DE	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	 Hexion Nova Scotia Finance,
 ULC (f/k/a Borden Nova
 Scotia Finance, ULC)
	  	Nova
Scotia	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	 Hexion Specialty Chemicals
 S.A. (f/k/a Borden Chimie S.A.)
	  	France	  	Hexion Specialty Chemicals, Inc. and nominal Hexion shareholders	  	Hexion Specialty Chemicals, Inc. (98%) and nominal Hexion shareholders (2%)
				
	Oilfield Technology Group, Inc.	  	DE	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	 Hexion Specialty Chemicals
 Canada, Inc. (f/k/a Borden
 Chemical Canada, Inc.)
	  	Canada	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	 Hexion Specialty Chemicals
 Samutsakorn Ltd.
	  	Thailand	  	Hexion Specialty Chemicals, Inc. and nominal Hexion shareholders	  	Hexion Specialty Chemicals, Inc. (99.9%) and nominal Hexion shareholders (0.1%)
				
	Hexion Quimica S.A.	  	Panama	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	 Borden Chemical Holdings
 (Panama) S.A.
	  	Panama	  	Hexion Specialty Chemicals Canada, Inc.	  	100% (Class A and Class B)
				
	Borden Luxemburg S.a.r.l	  	Luxemburg	  	Hexion Specialty Chemicals Canada, Inc.	  	100%
				
	Hattrick (Barbados) Finco SRL	  	Barbados	  	Hexion Specialty Chemicals Canada, Inc.	  	100%

  

 Schedule 7-1 

							
	 Subsidiary
	  	Jurisdiction of
Organization	  	 Owner(s)
	  	 Ownership Percentage

	Quimica Borden Argentina S.A.	  	Argentina	  	Borden Chemical Holdings (Panama) S.A. and Hexion Specialty Chemicals, Inc	  	Borden Chemical Holdings (Panama) S.A. (95%) and Hexion Specialty Chemicals, Inc (5%)
				
	Bexley Finance, S.A.	  	Panama	  	Borden Chemical Holdings (Panama) S.A.	  	100% (Class B)
				
	 Hexion Specialty Chemicals
 Uruguay S.A. (f/k/a Olonzac S.A.)
	  	Uruguay	  	Borden Chemical Holdings (Panama) S.A.	  	100%
				
	 Hexion Quimica Industria E
 Commercio Ltda. (f/k/a
 Borden Quimica Industria E
 Comercio Ltda.)
	  	Brazil	  	Borden Chemical Holdings (Panama) S.A. and Borden Chemical Resines, Panama, S.R.L.	  	Borden Chemical Holdings (Panama) S.A. (99.999%) and Borden Chemical Resines, Panama, S.R.L (0.001%)
				
	Hexion Quimica Uruguay S/A	  	Uruguay	  	Hexion Quimica Industria E Commercio Ltda.	  	100%
				
	Borden Chemical Resinas, Panama, S.R.L.	  	Panama	  	Borden Chemical Holdings (Panama) S.A.	  	100%
				
	 Hexion Specialty Chemicals
 Sdn. Bhd. (f/k/a Borden
 Chemical (M) Sdn. Bhd.)
	  	Malaysia	  	Borden Chemical Holdings (Panama) S.A. and Hexion Specialty Chemicals, Inc.	  	Borden Chemical Holdings (Panama) S.A. (66%) and Hexion Specialty Chemicals, Inc (34%)
				
	 Hexion Specialty Chemicals
 Pty. Ltd. (f/k/a Borden
 Chemical (Australia) Pty. Ltd.)
	  	Australia	  	Hexion Specialty Chemicals Canada, Inc.	  	100%
				
	J E Ridnell Pty. Ltd.	  	Australia	  	Hexion Specialty Chemicals Pty. Ltd.	  	100%
				
	 Hexion Specialty Chemicals
 Somersby Pty. Ltd. (f/k/a
 Fentak Pty Limited)
	  	Australia	  	Hexion Specialty Chemicals Canada, Inc. and J E Ridnell Pty. Ltd.	  	50% by Hexion Specialty Chemicals Canada, Inc.; 50% by J E Ridnell Pty. Ltd.
				
	 Hexion Specialty Chemicals
 SG.
Petani Sdn. Bhd. (f/k/a
 Fentak (Malaysia) Sdn. Bhd.)
	  	Malaysia	  	Hexion Specialty Chemicals Somersby Pty. Ltd.	  	100%
				
	Borden International Holdings Limited	  	UK	  	Hexion Specialty Chemicals Canada, Inc.	  	100%

  

 Schedule 7-2 

							
	 Subsidiary
	  	Jurisdiction of
Organization	  	 Owner(s)
	  	 Ownership Percentage

	 Hexion Specialty Chemicals
 UK
Limited (f/k/a Borden
 Chemical GB Limited)
	  	UK	  	Hexion Specialty Chemicals Canada, Inc. and Borden International Holdings Limited	  	Hexion Specialty Chemicals Canada, Inc. (49%) and Borden International Holdings Limited (51%)
				
	Borden Chemical UK Limited	  	UK	  	Borden International Holdings Limited	  	100%
				
	 Combined Composite
 Technologies Limited
	  	UK	  	Borden Chemical UK Limited	  	100%
				
	Borden Chemical Finance Limited	  	UK	  	Borden Chemical UK Limited	  	100%
				
	 North America Sugar
 Industries
Incorporated
	  	New
Jersey	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	 The Cuban American
 Mercantile
Corporation
	  	New
Jersey	  	North America Sugar Industries Incorporated	  	100%
				
	The West India Company	  	New
Jersey	  	North America Sugar Industries Incorporated	  	100%
				
	Vanguard Plastics Limited	  	UK	  	Borden Chemical UK Limited	  	100%
				
	Resinite Limited	  	UK	  	Vanguard Plastics Limited	  	100%
				
	Aegir Limited	  	UK	  	Resinite Limited	  	100%
				
	Fullcliff P.I.P.E.S. Limited	  	UK	  	Aegir Limited	  	100%
				
	Riley’s Commodities Limited	  	UK	  	Aegir Limited	  	100%
				
	Riley’s Supplies Limited	  	UK	  	Aegir Limited	  	100%
				
	Riley Vehicle Services Limited	  	UK	  	Aegir Limited	  	100%
				
	RPC Foods Limited	  	UK	  	Aegir Limited	  	100%
				
	GRQ Developments Ltd.	  	UK	  	Aegir Limited	  	100%
				
	Cherrydene Limited	  	UK	  	Aegir Limited	  	100%
				
	 National Borden Chemical
 Germany GmbH
	  	Germany	  	 Hexion Specialty Chemicals
 Canada, Inc.
	  	100%
				
	 Hexion Specialty Chemicals
 Pardubice s.r.o. (f/k/a Bakelite s.r.o.)
	  	Czech
Republic	  	National Borden Chemical Germany GmbH and Hexion Specialty Chemicals GmbH	  	100%
				
	 Hexion Specialty Chemicals
 GmbH (f/k/a Bakelite AG)
	  	Germany	  	National Borden Chemical Germany GmbH	  	100%
				
	Bakelite Polymers UK Ltd.	  	UK	  	Hexion Specialty Chemicals GmbH	  	100%

  

 Schedule 7-3 

							
	 Subsidiary
	  	Jurisdiction of
Organization	  	 Owner(s)
	  	 Ownership Percentage

	 Hexion Specialty Chemicals
 Italia S.p.A. (f/k/a Bakelite
 Italia S.p.A.)
	  	Italy	  	Hexion Specialty Chemicals GmbH	  	100%
				
	 Hexion Specialty Chemicals
 Stuttgart GmbH (f/k/aMGS
 Kunstharzprodukte GmbH)
	  	Germany	  	Hexion Specialty Chemicals GmbH	  	100%
				
	 Hexion Specialty Chemicals
 Oy
(f/k/a Bakelite Oy)
	  	Finland	  	Hexion Specialty Chemicals GmbH	  	100%
				
	 Hexion Specialty Chemicals
 Iberica, S.A. (f/k/a Bakelite
 Iberica, S.A.)
	  	Spain	  	Hexion Specialty Chemicals GmbH	  	100%
				
	 Hexion Specialty Chemicals
 Korea Company Limited (f/k/a Bakelite
 Korea Co., Ltd.)
	  	Korea	  	Hexion Specialty Chemicals GmbH	  	100%
				
	InfraTec Duisburg GmbH	  	Germany	  	Hexion Specialty Chemicals GmbH	  	70%
				
	 Hexion Specialty Chemicals
 Holdings (China) Limited
 (f/k/a Borden Chemical
 Holdings (China) Ltd.)
	  	Hong Kong	  	 Hexion Specialty Chemicals, Inc.
 and nominee shareholder
	  	100%
				
	 Hexion Specialty Chemicals
 Management (Shanghai) Co., Ltd.
 f/k/a Borden Industrial
 Resins Trading (Shanghai)
 Co., Ltd.
	  	China	  	 Hexion Specialty Chemicals
 Holdings (China) Limited
	  	100%
				
	 Hexion Specialty Chemicals
 (Caojing) Limited f/k/a Borden
 Chemical Holdings (Caojing)
 Limited
	  	Hong Kong	  	 Hexion Specialty Chemicals
 Holdings (China) Limited and
 nominee shareholder
	  	100%
				
	 Hexion Specialty UV Coatings
 (Shanghai) Limited f/k/a
 Borden UV Coating Holdings
 (Shanghai) Limited
	  	Hong Kong	  	 Hexion Specialty Chemicals
 Holdings (China) Limited and
 nominee shareholder
	  	100%
				
	 Hexion Specialty Chemicals
 (Heyuan) Limited f/k/a Borden
 Chemical Holdings (Heyuan)
 Limited
	  	Hong Kong	  	 Hexion Specialty Chemicals
 Holdings (China) Limited and
 nominee shareholder
	  	100%
				
	 HSC Capital Corporation (f/k/a
 RPP Capital Corporation)
	  	DE	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	 Hexion Specialty Chemicals
 Holding B.V. f/k/a Resolution
 Holdings B.V.
	  	The
Netherlands	  	Hexion Specialty Chemicals, Inc.	  	100%

  

 Schedule 7-4 

							
	 Subsidiary
	  	Jurisdiction of
Organization	  	 Owner(s)
	  	 Ownership Percentage

	 Hexion Specialty Chemicals
 Research Belgium S.A. (f/k/a Resolution Research Belgium S.A.)
	  	Belgium	  	Resolution Holdings B.V. and Resolution Research Nederland B.V.	  	Resolution Holdings B.V. (95%) and Resolution Research Nederland B.V. (5%)
				
	 Resolution Research
 Nederland
B.V.
	  	The
Netherlands	  	 Hexion Specialty Chemicals
 Holding B.V. f/k/a Resolution
 Holdings B.V.
	  	100%
				
	 Hexion Specialty Chemicals
 Barbastro S.A. (f/k/a
 Resolution Iberica
 Performance Products S.A.)
	  	Spain	  	 Hexion Specialty Chemicals
 Holding B.V. f/k/a Resolution
 Holdings B.V.
	  	100%
				
	 Hexion Specialty Chemicals
 Singapore Pte. Ltd. (f/k/a
 Resolution Marketing Pte. Ltd.7)
	  	Singapore	  	 Hexion Specialty Chemicals
 Holding B.V. f/k/a Resolution
 Holdings B.V.
	  	100%
				
	 Hexion Specialty Chemicals
 Wesseling GmbH (f/k/a
 Resolution Deutschland GmbH)
	  	Germany	  	 Hexion Specialty Chemicals
 Holding B.V. f/k/a Resolution
 Holdings B.V. and New
 Nimbus GmbH & Co. KG
	  	Hexion Specialty Chemicals Holding B.V. f/k/a Resolution Holdings B.V. (94.8%) and New Nimbus GmbH & Co. KG (5.2%)
				
	 Hexion Specialty Chemicals
 B.V. (f/k/a Resolution Europe B.V.)
	  	The
Netherlands	  	 Hexion Specialty Chemicals
 Holding B.V. f/k/a Resolution
 Holdings B.V.
	  	100%
				
	 Hexion Specialty Chemicals
 Stanlow Limited (f/k/a
 Resolution (UK) Performance
 Products Limited)
	  	UK	  	 Hexion Specialty Chemicals
 Holding B.V. f/k/a Resolution
 Holdings B.V.
	  	100%
				
	Lawter International Inc.	  	DE	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	 Jiangsu Funing Hexion
 Specialty Chemicals Co., Ltd.
 f/k/a Jiangsu Funing Lawter
 Chemical Co., Ltd.
	  	China	  	Lawter International Inc.	  	90%
				
	Hexion CI Holding Company (China) LLC	  	Delaware	  	Lawter International Inc.	  	100%

  

	7	 Formerly known as Resolution Performance Products Pte. Ltd. 

  

 Schedule 7-5 

							
	 Subsidiary
	  	Jurisdiction of
Organization	  	 Owner(s)
	  	 Ownership Percentage

	 Tianjin Hexion Specialty
 Chemicals Co., Ltd. (f/k/a
 Lawter (Tianjin) Chemical
 Co., Ltd.)
	  	China	  	Hexion CI Holding Company (China) LLC	  	100%
				
	 Fujian Nanping Hexion
 Specialty Chemicals Co., Ltd.
 f/k/a Fujian Nanping
 International Co., Ltd. (f/k/a
 Fujian Nanping Lawter
 International Co., Ltd.)
	  	China	  	Hexion CI Holding Company (China) LLC and Tianjin Hexion Specialty Chemicals Co., Ltd.	  	Hexion CI Holding Company (China) LLC (49%) and Tianjin Hexion Specialty Chemicals Co., Ltd. (51%)
				
	RSM Europe B.V.	  	The
Netherlands	  	Hexion Specialty Chemicals B.V.	  	100%
				
	 Resolution Specialty Materials
 Rotterdam B.V.
	  	The
Netherlands	  	RSM Europe B.V.	  	100%
				
	 Hexion Specialty Chemicals,
 a.s. (f/k/a RSM Chemacryl a.s.)
	  	Czech
Republic	  	Resolution Specialty Materials Rotterdam B.V.	  	100%
				
	 Hexion Specialty Chemicals,
 S.r.l. (f/k/a Resolution
 Specialty Materials Italy S.r.l.)
	  	Italy	  	RSM Europe B.V.	  	100%
				
	 Resolution Specialty Materials
 Mexico S.de R.L.de C.V.8
	  	Mexico	  	RSM Europe B.V.	  	100%
				
	 Hexion Specialty Chemicals
 BVBA (f/k/a Lawter
 International BVBA)
	  	Belgium	  	RSM Europe B.V. and Resolution Specialty Materials Rotterdam B.V.	  	RSM Europe B.V. (99.9%) and Resolution Specialty Materials Rotterdam B.V. (0.1%)
				
	 Resolution Specialty Materials
 Sweden Holdings AB
	  	Sweden	  	RSM Europe B.V.	  	100%
				
	 Hexion Specialty Chemicals
 Sweden AB (f/k/a Resolution Specialty Materials Sweden AB)
	  	Sweden	  	Resolution Specialty Materials Sweden Holdings AB	  	100%
				
	 Hexion Specialty Chemicals
 Asua SL
	  	Spain	  	RSM Europe B.V.	  	100%
				
	 Hexion Specialty Chemicals
 Clayton Ltd.
	  	UK	  	RSM Europe B.V.	  	100%

  

	8	 Resolution Specialty Materials Mexico S.de R.L.de C.V. is being dissolved. 

  

 Schedule 7-6 

							
	 Subsidiary
	  	Jurisdiction of
Organization	  	 Owner(s)
	  	 Ownership Percentage

	 Hexion Specialty Chemicals
 France SAS
	  	France	  	RSM Europe B.V.	  	100%
				
	 Hexion Specialty Chemicals
 Leuna GmbH
	  	Germany	  	 RSM Europe B.V. and New
 Nimbus
GmbH & Co. KG
	  	RSM Europe B.V. (94.8%) and New Nimbus GmbH & Co. KG (5.2%)
				
	 Hexion Specialty Chemicals
 Rotterdam Ink B.V. (f/k/a
 Akzo Nobel Information
 Services International B.V.)
	  	The
Netherlands	  	RSM Europe B.V.	  	100%
				
	 Hexion Specialty Chemicals
 Maastricht B.V.
	  	The
Netherlands	  	RSM Europe B.V.	  	100%
				
	 Hexion Specialty Chemicals
 Bangkok Ltd.
	  	Thailand	  	 Hexion Specialty Chemicals
 Inc. and nominal Hexion
 shareholders
	  	Hexion Specialty Chemicals Inc. (99.9%) and nominal Hexion shareholders (0.1%)
				
	 Hexion Quimica Argentina SA
 (f/k/a Divco SA)
	  	Argentina	  	 Borden Chemical Holdings
 (Panama) S.A.
	  	Borden Chemical Holdings Panama S.A. (95%) and Hexion Specialty Chemicals, Inc. (5%)
				
	 Hexion Specialty Chemicals
 (N.Z.) Limited
	  	New
Zealand	  	 Hexion Specialty Chemicals
 Pty
Ltd.
	  	100%
				
	Hexion Specialty Chemicals Lda.	  	Portugal	  	RSM Europe B.V.	  	RSM Europe B.V. (60%) and Hexion Specialty Chemicals BVBA (40%)
				
	International Pine Products SA (IPP)	  	Argentina	  	 Hexion Quimica Argentina
 S.A.

	  	Hexion Quimica Argentina S.A. (95%) and Hexion Specialty Chemicals, Inc. (5%)
				
	Hexion Specialty Chemicals Netherlands I B.V. 9	  	Netherlands	  	 Hexion Specialty Chemicals
 Holding B.V.
	  	100%
				
	Hexion Specialty Chemicals Netherlands II B.V. 10	  	Netherlands	  	 Hexion Specialty Chemicals
 B.V.
	  	100%

  

	9	 Entities were formed in connection with the Huntsman transaction and currently hold zero assets. 

  

	10	 Entities were formed in connection with the Huntsman transaction and currently hold zero assets. 

  

 Schedule 7-7 

							
	 Subsidiary
	  	Jurisdiction of
Organization	  	 Owner(s)
	  	 Ownership Percentage

	 Hexion Specialty Chemicals
 Netherlands III B.V. 11
	  	Netherlands	  	Hexion Specialty Chemicals B.V.	  	100%
				
	 Hexion Specialty Chemicals
 Netherlands IV B.V. 12
	  	Netherlands	  	Hexion Specialty Chemicals B.V.	  	100%
				
	 Hexion Specialty Chemicals
 Netherlands V B.V. 13
	  	Netherlands	  	Hexion Specialty Chemicals Netherlands II B.V.	  	100%
				
	 Asia Dekor Borden
 (Hong Kong)
Chemical Company Limited
	  	Hong Kong	  	Hexion Specialty Chemicals (Heyuan) Limited	  	50%
				
	 Asia Dekor Borden Chemical
 (Heyuan) Company Limited
	  	China	  	Asia Dekor Borden (Hong Kong) Chemical Company Limited	  	100%
				
	Danlinvest Holdings Ltda.	  	Brazil	  	Hexion Quimica Industria e Comercio Ltda.	  	100%
				
	 Fengkai Hexion Specialty
 Chemicals Co., Ltd.
	  	China	  	Hexion Fengkai Holdings Limited	  	70%
				
	Hexion 2 Nova Scotia Finance, ULC	  	Canada –
Nova
Scotia	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	Hexion 2 U.S. Finance Corp.	  	Delaware	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	Hexion Adhesives Holdings Limited	  	Hong Kong	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	Hexion Funing Holdings Limited	  	Hong Kong	  	Lawter International Inc.	  	100%
				
	Hexion Chengdu Holdings Limited	  	Hong Kong	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	Hexion IAR Holdings (HK) Limited	  	Hong Kong	  	Hexion CI Holding Company (China) LLC	  	100%
				
	Hexion Nanping Holdings Limited	  	Hong Kong	  	Hexion CI Holding Company (China) LLC	  	100%
				
	Hexion Shchekinoazot Holding B.V.	  	The
Netherlands	  	Hexion Specialty Chemicals Holding B.V.	  	50%
				
	Hexion Shchekinoazot LLC	  	Russia	  	Hexion Shchekinoazot Holding B.V.	  	100%

  

	11	 Entities were formed in connection with the Huntsman transaction and currently hold zero assets. 

  

	12	 Entities were formed in connection with the Huntsman transaction and currently hold zero assets. 

  

	13	 Entities were formed in connection with the Huntsman transaction and currently hold zero assets. 

  

 Schedule 7-8 

							
	 Subsidiary
	  	Jurisdiction of
Organization	  	 Owner(s)
	  	 Ownership Percentage

	 Hexion Specialty Chemicals
 (Taiwan) Inc.
	  	Taiwan	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	 Hexion Specialty Chemicals
 Finance B.V.
	  	The
Netherlands	  	Hexion Specialty Chemicals B.V.	  	100%
				
	 Hexion Specialty Chemicals
 Forest Products GmbH
	  	Germany	  	 National Borden Chemical
 Germany GMBH – 94.8%
  
 New Nimbus GmbH & Co Kg
5.2%
	  	100%
				
	 Hexion Specialty Chemicals
 Holding Germany GmbH
	  	Germany	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	 Hexion Specialty Chemicals
 Luxembourg s.a.r.l
	  	Luxembourg	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	New Nimbus GmbH & Co Kg	  	Germany	  	 National Borden Chemical
 Germany GMBH – 25%
 Hexion Specialty Chemicals
 Holding Germany GmbH-25%
 Hexion Specialty Chemicals
 Holding B.V.-25%
 RSM Europe
B.V.-25%
	  	100%
				
	 Hexion Finance Escrow LLC
 f/k/a New Nimbus LLC
	  	Delaware	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	Hexion Escrow Corp.	  	Delaware	  	Hexion Finance Escrow LLC	  	100%
				
	Nimbus Merger Sub Inc.14	  	Delaware	  	Hexion Specialty Chemicals, Inc.	  	100%
				
	Servicios Factoria Barbastro, S.A.	  	Spain	  	Hexion Specialty Chemicals Barbastro S.A.	  	50%

 Minority Equity Investments 
 1. The following are held by Hexion Specialty Chemicals, Inc.: 
  

	 	a.	50 shares Showbiz Pizza Time, Inc. (CEC) Entertainment 

  

	 	b.	4 shares Proctor and Gamble 

  

	 	c.	4 shares Spartech 

  
  

	14	 Formed in connection with Huntsman. 

  

 Schedule 7-9 

	 	d.	8,000 shares Trinidad Processing Company, Ltd 

  

	 	e.	25,200 shares in ChemConnect , Inc. 

  

	 	f.	500,000 shares in The X-Change Corporation 

  

	 	g.	1 share in Duckwall-Alco Stores, Inc. 

 2.
Hexion Specialty Chemicals a.s. (f/k/a RSM Chemacryl, a.s.) holds a 0.43% equity interest in Chemapol Group a.s. 
 5. Hexion Specialty UV
Coatings (Shanghai) Limited holds 49.99% of the total equity interests in Hexion UV Coatings (Shanghai) Co. Limited 
 6. Hexion LLC (survivor
of the merger with RPP Inc.) holds one (1) share of the stock of Oil Casualty Insurance Ltd. 
 7. Hexion Specialty Chemicals Iberica S.A.
(f/k/a Bakelite Iberica S.A.): minor participation of EUR 2,884.86 in Elkargi S.G.R. (Sociedad de Garantia Reciproca Elkarrekiko Garantia Elkartea), San Sebastian/Spain 
 8. Hexion Specialty Chemicals Italia SpA (f/k/a Bakelite Italia SpA): minor participation of EUR 5,165 in INDUSTRIA e UNIVERSITA S.p.A. (an Italian university). 
 9. Intercompany Loans. 
  

 Schedule 7-10 

 SCHEDULE 8 
 Debt Instruments 
  

							
	 Instrument
	 	 Holder
	 	 Borrower/Issuer
	 	 Amount

	 Pledged Global
 Intercompany Note
	 	U.S. Borrower and subsidiaries	 	U.S. Borrower and subsidiaries	 	Amounts outstanding from time to time

  

 Schedule 8-1 

 SCHEDULE 9 
 Assignment of Claims Act and Government Contracts 
 None. 

 

 Schedule 9-1 

 SCHEDULE 10 
 Advances 
 (a) None. 
 (b) None. 
  

 Schedule 10-1 

 SCHEDULE 12(a) 
 Patents, Patent Licenses, Trademarks and Trademark Licenses 
 A.
Patents and Trademarks. 
 Please see attached. 
 B. Patent License Agreements: 
 Listed below, are written licenses or sublicenses agreements
now in effect regarding the U.S. Borrower or its Subsidiaries use of the patent rights: 
  

	 	(1)	License to Cukurova SpA under Borden foundry resin binder related patents in Turkey, Eastern Europe and the Middle East. 

  

	 	(2)	License to Cavenaghi SpA under Italian Patent No. 0762945 (B26-2306). 

  

	 	(3)	License to Oxiquim in Chile and Venezuela under Borden patents related to urea-formaldehyde and phenol-formaldehyde resin based adhesives for wood products.

  

	 	(4)	Settlement and License Agreement with DSM regarding DSM’s US Patent No. 4,844,604 and foreign counterpart patents relating to the use of a particular adhesion
promoter for its optical fiber coatings. 

  

	 	(5)	License to Hüttenes-Albertus Chemische Werke GmbH, for use of Hexion’s “Cordis” inorganic foundry binder technology under Borden’s foreign
patents. 

  

	 	(6)	Technology License with Asia Dekor Borden Chemical (Heyuan) Company Limited for use of technology related to the manufacture of formaldehyde and resins.

  

	 	(7)	License Agreement with Zeta Resins (Pty) Ltd. formerly Formex Industries for use of technology related to the foundry industry. 

  

	 	(8)	License Agreement with Cray Valley S.A. dated November 2004 with respect to ANR 2986. 

  

	 	(9)	License Agreement with Akzo Nobel Resins B.V. dated 12 October 2004 with respect to ANR 2986. 

  

	 	(10)	License Agreement with EKA Chemicals AB dated 16 November 2005 with respect to “patent family 404.” 

  

	 	(11)	Technology, License and Technical Assistance Agreement with 000 Hexion Shchekinoazot dated November 25, 2008. 

  

 Schedule 12(a) 

 C. Trademark Licenses. 
  

	 	(1)	Trademark License Agreement with OOO Hexion Shchekinoazot dated November 25, 2008. 

  

									
	 Licensor
	  	 Licensee
	  	Licensed Marks	  	Effective
Date	  	 Term

	Hexion Specialty Chemicals, Inc.	  	 Southern Foods
 Group, L.P.
(now owned by Dean Foods/ Suiza)
	  	BORDEN
 ELSIE
	  	9/4/1997	  	 5 years (Initial)
 Automatic 5
yr.
 Renewal

					
	Hexion Specialty Chemicals, Inc.	  	 Mid-American
 Dairymen, Inc.

 (n.k.a. Dairy
 Farmers of

America “DFA”)
	  	BORDEN
 ELSIE
	  	12/31/97	  	 5 years (Initial)
 Automatic
Renewal

					
	Hexion Specialty Chemicals, Inc.	  	 Eagle Family
 Foods, Inc. (now

 owned by J.M.
 Smucker
Company)
	  	BORDEN
 ELSIE
	  	1/23/1998	  	Perpetual
					
	Hexion Specialty Chemicals, Inc.	  	Lotte Co. Ltd.	  	BORDEN
 & LADY
BORDEN
	  	4/28/1994	  	 20 years
 Automatic Renewal

					
	Hexion Specialty Chemicals, Inc.	  	 B. F. Brands
 International,
Inc.
	  	BORDEN
 ELSIE
	  	1/1/2008	  	 Perpetual 30 years
 Automatic
Renewal

					
	Hexion Specialty Chemicals, Inc.	  	 MBI Inc
 (Danbury
Mint)
	  	Replicas of milk
trucks	  	1/1/03	  	12/31/08
					
	Borden Chemical Investments, Inc.	  	 Hexion Specialty
 Chemicals,
Inc.
	  	Domestic Chemical
Marks	  	4/3/96	  	 5 years
 Renewable

					
	Hexion Specialty Chemicals, Inc.	  	 Premium Brands of
 Puerto Rico

	  	BORDEN
 ELSIE
	  	5/22/98	  	 10 years
 Renewable

					
	Borden Chemical Investments, Inc.	  	 Alba Adesivos
 Industria
E
 Comercio, Ltda.
	  	Cascamite
 Casco
 Cascofix
 CascohobbyCascola
 Cascolac
 Cascolar
 Cascor
 Cascolor
 Cascophen
 Cascopox
 Cascorez
 Casco Pad
 Casotack
	  	3/30/06	  	Perpetual

  

 Schedule 12(a) 

 Trademark Schedule 
 US Trademarks owned by Hexion Specialty Chemicals, Inc., as successor in interest to (i) Resolution Performance Products LLC,
(ii) Resolution Specialty Materials LLC, (iii) Borden Chemical, Inc. or (iv) BDS Two, Inc.1: 
  

											
	 Trademark Name
	  	Application Number	  	Application/Filing Date	  	Registration Number	  	Registration Date	  	Expiration Date
	100-S	  	72222722	  	06-Jul-1965	  	0815679	  	27-Sep-1966	  	27-Sep-2016
	91	  	72017152	  	09-Oct-1956	  	647962	  	02-Jul-1957	  	
	ABCO	  	75370988	  	09-Oct-1997	  	2518946	  	18-Dec-2001	  	18-Dec-2011
	ABSIZE	  	73388035	  	23-Sep-1982	  	1258092	  	22-Nov-1983	  	03-Sep-2013
	ACE	  	77012374	  	03-Oct-2006	  	3328328	  	06-Nov-2007	  	06-Nov-2017
	ACFRAC (block)	  	73461465	  	18-Jan-1984	  	1309548	  	18-Dec-1984	  	18-Dec-2014
	ACPACK (STYLIZED LETTERS)	  	73535527	  	02-May-1985	  	1368489	  	05-Nov-1985	  	05-Nov-2015
	ACRYLAMAC	  	74585326	  	13-Oct-1994	  	1950642	  	23-Jan-1996	  	23-Jan-2016
	ACTIVATOR	  	77868379	  	09-Nov-2009	  		  		  	
	ALBECOR	  	77679281	  	26-Feb-2009	  		  		  	
	ALBECOR-BIO	  	77774581	  	06-Jul-2009	  		  		  	
	ALBEMAST	  	77357084	  	20-Dec-2007	  		  		  	
	ALBESTER	  	74556794	  	03-Aug-1994	  	1914408	  	29-Aug-1995	  	29-Aug-2015
	ALCURE	  	75424133	  	27-Jan-1998	  	2369143	  	18-Jul-2000	  	18-Jul-2010
	ALPHA-REZ	  	78299503	  	12-Sep-2003	  	2897359	  	26-Oct-2004	  	26-Oct-2014
	AQUAMAC	  	74610767	  	13-Oct-1994	  	1950840	  	23-Jan-1996	  	23-Jan-2016
	ARCHEMIS	  	78219628	  	27-Feb-2003	  	3056136	  	31-Jan-2006	  	31-Jan-2016
	ARICEL	  	74262172	  	03-Apr-1992	  	1787723	  	17-Aug-1993	  	17-Aug-2013
	AXILAT	  	79036425	  	18-Jan-2007	  	3392161	  	04-Mar-2008	  	04-Mar-2018
	Bakelite (Word)	  	72187976	  	04-Mar-1964	  	788887	  	04-May-1965	  	04-May-2015
	BENCHMARK	  	74669735	  	04-May-1995	  	1999367	  	10-Sep-1996	  	10-Sep-2016
	BETACURE	  	73648696	  	09-Mar-1987	  	1472754	  	19-Jan-1988	  	19-Jan-2018
	BONDSHIELD (Stylized)	  	78173010	  	10-Oct-2002	  	3024295	  	06-Dec-2005	  	06-Dec-2015
	BORD’N-SEAL (SPECIAL FORM)	  	78334920	  	02-Dec-2003	  	2990484	  	30-Aug-2005	  	30-Aug-2015

  

	1	 With respect to trademarks owned by predecessors of Hexion Specialty Chemicals, Inc., Hexion Specialty Chemicals, Inc. is in the process of recording
the owner as Hexion Specialty Chemicals, Inc. 

  

 1 

											
	 Trademark Name
	  	Application Number	  	Application/Filing Date	  	Registration Number	  	Registration Date	  	Expiration Date
	BORPAC (SPECIAL FORM)	  	78/351292	  	13-Jan-2004	  		  		  	
	BUREZ	  	76384208	  	15-Mar-2002	  	2890744	  	05-Oct-2004	  	05-Oct-2014
	BURNETTS	  	71014500	  	11-Nov-1905	  	53316	  	29-May-1906	  	
	CARBAMAC	  	74585327	  	13-Oct-1994	  	1950643	  	23-Jan-1996	  	23-Jan-2016
	CARDURA	  	72144546	  	14-May-1962	  	747425	  	02-Apr-1963	  	02-Apr-2013
	CASCAMITE	  	71440540	  	11-Feb-1941	  	388311	  	17-Jun-1941	  	17-Jun-2011
	CASCO	  	71126172	  	17-Dec-1919	  	132322	  	22-Jun-1920	  	22-Jun-2010
	CASCOMEL	  	72286999	  	15-Dec-1967	  	860354	  	19-Nov-1968	  	19-Nov-2018
	CASCOMELT	  	72182459	  	06-Dec-1963	  	785790	  	02-Mar-1965	  	02-Mar-2015
	CASCOPHEN	  	71434774	  	08-Aug-1940	  	0384795	  	04-Feb-1941	  	04-Feb-2011
	CASCO-RESIN	  	73106972	  	18-Nov-1976	  	1070827	  	09-Aug-1977	  	09-Aug-2017
	CASCOREZ	  	71519508	  	25-Mar-1947	  	435742	  	06-Jan-1948	  	06-Jan-2018
	CASCOWAX	  	73380608	  	18-Aug-1982	  	1251443	  	20-Sep-1983	  	20-Sep-2013
	CELLOBOND	  	73301102	  	16-Mar-1981	  	1252582	  	04-Oct-1993	  	04-Oct-2013
	CERAMAX	  	78340430	  	12-Dec-2003	  	2913251	  	21-Dec-2004	  	21-Dec-2014
	CHEMACOIL	  	74585328	  	13-Oct-1994	  	1952672	  	30-Jan-1996	  	30-Jan-2016
	CILC-N-KOTE	  	73072398	  	11-Sep-2006	  	1046209	  	17-Aug-1976	  	
	CINERGI	  	75106439	  	20-May-1996	  	2049160	  	01-Apr-1997	  	01-Apr-2017
	ConKur	  	77736258	  	13-May-2009	  		  		  	
	DATASHIELD	  	78009629	  	24-May-2000	  	2735553	  	06-Jul-2003	  	
	DATASHIELD (STYLIZED)	  	78/173186	  	10-Oct-2002	  	2913826	  	21-Dec-2004	  	21-Dec-2014
	DECOTHERM	  	73025056	  	24-Jun-1974	  	1069192	  	12-Jul-1977	  	12-Jul-2017
	DESIGN	  	72322773	  	26-Mar-1969	  	0889551	  	21-Apr-1970	  	26-Aug-2010
	DURAMAC	  	74585329	  	13-Oct-1994	  	1950644	  	23-Jan-1996	  	23-Jan-2016
	DURITE	  	71163717	  	11-May-1922	  	166026	  	27-Mar-1923	  	27-Mar-2013
	ECOBIND	  	78895887	  	30-May-2006	  	3321677	  	23-Oct-2007	  	23-Oct-2017
	ECO-REZ	  	77884699	  	02-Dec-2009	  		  		  	
	ELSIE	  	72231036	  	22-Oct-1965	  	810861	  	05-Jul-1966	  	
	ELSIE (DESIGN PLUS OVAL)	  	71/463642	  	25-Sep-1943	  	405706	  	15-Feb-1944	  	
	ELSIE BORDEN DESIGN	  	76/591578	  	11-May-2004	  	2,951,221	  	11-May-2004	  	
	ELSIE BORDEN DESIGN	  	75/747000	  	09-Jul-1999	  	2464457	  	26-Jun-2001	  	
	ELSIE DESIGN (COW HEAD)	  	576309	  	30-Mar-1949	  	529468	  	22-Aug-1950	  	
	ELSIE DESIGN (DAISY)	  	71440908	  	24-Feb-1941	  	397158	  	25-Aug-1942	  	
	ELSIE (DESIGN PLUS OVAL)	  	463642	  	25-Sep-1943	  	405706	  	15-Feb-1944	  	

  

 2 

											
	 Trademark Name
	  	Application Number	  	Application/Filing Date	  	Registration Number	  	Registration Date	  	Expiration Date
	ELSIE’S KITCHEN	  	75/703923	  	06-May-1999	  	2458209	  	05-Jun-2001	  	
	EPIKOTE	  	71629822	  	16-May-1952	  	570404	  	10-Feb-1953	  	10-Feb-2013
	EPIKURE	  	74444730	  	06-Oct-1993	  	2024235	  	17-Dec-1996	  	17-Dec-2016
	EPI-REZ	  	71555061	  	20-Apr-1948	  	534577	  	12-Dec-1950	  	12-Dec-2010
	EPI-REZ	  	72009030	  	29-May-1956	  	641951	  	26-Feb-1957	  	26-Feb-2017
	EPON	  	71693727	  	23-Aug-1955	  	0625682	  	24-Apr-1956	  	24-Apr-2016
	EPON	  	73257740	  	11-Apr-1980	  	1197554	  	15-Jun-1982	  	15-Jun-2012
	EPON HPT	  	73627410	  	28-Oct-1986	  	1444691	  	30-Jun-1987	  	30-Jun-2017
	EPONEX	  	73232524	  	24-Sep-1979	  	1192680	  	30-Mar-1982	  	30-Mar-2012
	EPONOL	  	72107216	  	26-Oct-1960	  	0720158	  	22-Aug-1961	  	22-Aug-2011
	FENTAK	  	78221480	  	04-Mar-2003	  	3000626	  	27-Sep-2005	  	27-Sep-2015
	FIRE PRF2	  	73830861	  	12-Oct-1989	  	1626489	  	11-Dec-1990	  	11-Dec-2010
	FLASHDRI	  	71348445	  	10-Mar-1934	  	0314647	  	03-Jul-1934	  	
	FLEX-REZ	  	78155861	  	20-Aug-2002	  	2830818	  	06-Apr-2004	  	06-Apr-2014
	FLUORON	  	73735967	  	23-Jun-1988	  	1520393	  	17-Jan-1989	  	17-Jan-2019
	FOREMOST ADHESIVES FORMULATOR	  	75732375	  	18-Jun-1999	  	2448500	  	01-May-2001	  	
	FOREMOST FORMULATOR	  	75731678	  	18-Jun-1999	  	2452240	  	15-May-2001	  	
	HALEX	  	72214881	  	24-Mar-1965	  	0815678	  	27-Sep-1966	  	27-Sep-2016
	HELOXY	  	78824899	  	28-Feb-2006	  	3236573	  	01-May-2007	  	01-May-2017
	HEXICRETE	  	77723297	  	27-Apr-2009	  	3732729	  	29-Dec-2009	  	29-Dec-2019
	HEXIJET	  	78895816	  	30-May-2006	  	3218046	  	13-Mar-2007	  	13-Mar-2017
	HEXION and X Device	  	78605244	  	08-Apr-2005	  	3415668	  	22-Apr-2008	  	22-Apr-2018
	HEXION (word)	  	78605207	  	08-Apr-2005	  	3432698	  	20-May-2008	  	20-May-2018
	HEXITHERM	  	77366449	  	08-Jan-2008	  	3588573	  	10-Mar-2009	  	10-Mar-2019
	HYDREAU	  	75713544	  	25-May-1999	  	2474221	  	31-Jul-2001	  	31-Jul-2011
	HYDRO KUP	  	75199075	  	18-Nov-1996	  	2161469	  	02-Jun-1998	  	
	HYDRO-REZ	  	76322557	  	09-Oct-2001	  	2571473	  	21-May-2002	  	21-May-2012
	HYDROSPERSE	  	73072399	  	22-Dec-1975	  	1046210	  	17-Aug-1976	  	
	IRLON11	  	73270223	  	14-Jul-1980	  	1191006	  	02-Mar-1982	  	23-May-2012
	KLEARSHIELD (STYLIZED)	  	78173117	  	10-Oct-2002	  	3013774	  	08-Nov-2005	  	08-Nov-2015
	KLEEROX	  	75455107	  	23-Mar-1998	  	2244630	  	11-May-1999	  	11-May-2019
	L-100	  	71578817	  	13-May-1949	  	0530987	  	19-Sep-1950	  	19-Sep-2010
	LAWTER	  	78425281	  	26-May-2004	  	3127705	  	08-Aug-2006	  	08-Aug-2016
	LITHKYD	  	73274063	  	14-Aug-1980	  	1217996	  	30-Nov-1982	  	17-Apr-2013
	LUBRIL	  	74401953	  	15-Jun-1993	  	1932479	  	07-Nov-1995	  	07-Nov-2015

  

 3 

											
	 Trademark Name
	  	Application Number	  	Application/Filing Date	  	Registration Number	  	Registration Date	  	Expiration Date
	LUCIWAX	  	73054974	  	12-Jun-1975	  	1049894	  	12-Oct-1976	  	12-Oct-2016
	MACOPOL	  	74585331	  	13-Oct-1994	  	1950646	  	23-Jan-1996	  	23-Jan-2016
	MINI-THERM	  	73207834	  	19-Mar-1976	  	1146987	  	17-Feb-1981	  	
	MIRREX	  	73360128	  	16-Apr-1982	  	1247475	  	09-Aug-1983	  	03-Sep-2013
	MIRRITE	  	73368296	  	07-Jun-1982	  	1251391	  	20-Sep-1983	  	12-Jun-2013
	MONO-LITH	  	78896039	  	30-May-2006	  	3218048	  	13-Mar-2007	  	13-Mar-2017
	NEW GEN	  	75783329	  	24-Aug-1999	  	2858210	  	29-Jun-2004	  	
	NORPOL	  	75454036	  	20-Mar-1998	  	2246001	  	18-May-1999	  	18-May-2019
	NYPOL	  	73084789	  	22-Apr-1976	  	1080103	  	27-Dec-1977	  	27-Dec-2017
	PERMALOID	  	75453571	  	20-Mar-1998	  	2384546	  	12-Sep-2000	  	12-Sep-2010
	PerviousCrete	  	77736145	  	13-May-2009	  		  		  	
	PETRO-REZ	  	73108197	  	01-Dec-1976	  	1073871	  	27-Sep-1977	  	27-Sep-2017
	PEXATE	  	72338781	  	24-Sep-1969	  	0903690	  	08-Dec-1970	  	12-Apr-2011
	PENTALYN	  	71430398	  	05-Apr-1940	  	380452	  	20-Aug-1940	  	
	PHENOMEL	  	78140736	  	02-Jul-2002	  	2849332	  	01-Jun-2004	  	01-Jun-2014
	PHENOMEL	  	78173186	  	10-Oct-2002	  	2913826	  	21-Dec-2004	  	
	PINEREZ	  	76389039	  	01-Apr-2002	  	2809808	  	03-Feb-2004	  	03-Feb-2014
	PLASTICRYL	  	75402835	  	10-Dec-1997	  	2260576	  	13-Jul-1999	  	13-Jul-2019
	POLYMAC	  	74585333	  	13-Oct-1994	  	1950647	  	23-Jan-1996	  	23-Jan-2016
	POLYMID	  	72126526	  	23-Aug-1961	  	0738065	  	25-Sep-1962	  	02-May-2013
	POLYSPERSE	  	73025057	  	24-Jun-1974	  	1046604	  	24-Aug-1976	  	24-Aug-2016
	POLY-SHIELD	  	75099314	  	06-May-1996	  	2052607	  	15-Apr-1997	  	
	PRIME PLUS	  	77877641	  	20-Nov-2009	  		  		  	
	PROGASOL	  	73595760	  	28-Apr-1986	  	1460464	  	13-Oct-1987	  	13-Oct-2017
	PROPTRAC	  	77114354	  	23-Feb-2007	  	3437184	  	27-May-2008	  	27-May-2018
	PROTACT	  	75845056	  	29-Nov-1999	  	2511107	  	20-Nov-2001	  	20-Nov-2011
	QUABOND (stylized)	  	71682061	  	21-Feb-1955	  	0614661	  	25-Oct-1955	  	25-Oct-2015
	RCCRETE	  	77735264	  	12-May-2009	  		  		  	
	REACTOL	  	76070741	  	13-Jun-2000	  	2477814	  	14-Aug-2001	  	14-Aug-2011
	REP OF ELSIE IN DAISY DESIGN	  	72017152	  	09-Oct-1956	  	647962	  	02-Jul-1957	  	
	RESOLUTION	  	76238388	  	10-Apr-2001	  	2743497	  	29-Jul-2003	  	
	RESOLUTION	  	78009629	  	24-May-2000	  	2735553	  	08-Jul-2003	  	
	REZIMAC	  	74585334	  	13-Oct-1994	  	1950648	  	23-Jan-1996	  	23-Jan-2016
	RUTAPHEN	  	74391999	  	18-May-1993	  	1867890	  	20-Dec-1994	  	20-Dec-2014
	SEACO	  	73428953	  	06-Jun-1983	  	1282904	  	26-Jun-2004	  	26-Jun-2014
	SETALIN	  	73489633	  	13-Jul-1984	  	1372000	  	26-Nov-1985	  	26-Nov-2015
	SMART PROPPANT	  	77672074	  	17-Feb-2009	  	3732651	  	29-Dec-2009	  	29-Dec-2019

  

 4 

											
	 Trademark Name
	  	Application Number	  	Application/Filing Date	  	Registration Number	  	Registration Date	  	Expiration Date
	SNOWTACK	  	78271598	  	08-Jul-2003	  	2945132	  	26-Apr-2005	  	26-Apr-2015
	SPECTRASHIELD (Stylized)	  	78172855	  	10-Oct-2002	  	2935507	  	22-Mar-2005	  	22-Mar-2015
	STRESS BOND	  	77877774	  	20-Nov-2009	  		  		  	
	STRUCTURFAST	  	75614963	  	04-Jan-1999	  	2402737	  	07-Nov-2000	  	07-Nov-2010
	STRUCTURSEAL	  	76162905	  	10-Nov-2000	  	2714167	  	06-May-2003	  	06-May-2013
	SUPRALEV	  	74225366	  	21-Nov-1991	  	1753482	  	23-Feb-1993	  	03-May-2013
	SYNTHEBOND	  	78369983	  	18-Feb-2004	  	2982204	  	02-Aug-2005	  	02-Aug-2015
	SYNTHESIZE	  	73308253	  	30-Apr-1981	  	1200788	  	13-Jul-1982	  	03-Apr-2012
	TEXALON	  	72185302	  	24-Jan-1964	  	0775599	  	25-Aug-1964	  	28-Jun-2014
	TEXBLEND	  	76338703	  	15-Nov-2001	  	2674496	  	14-Jan-2003	  	14-Jan-2013
	THERMEX	  	72121742	  	09-Jun-1961	  	0738456	  	02-Oct-1962	  	02-May-2013
	THERMOGEL	  	72390126	  	23-Apr-1971	  	0935897	  	20-Jun-1972	  	09-Sep-2012
	THE WORLD OF FIBER OPTICS (& Design)	  	76239062	  	10-Apr-2001	  	2602719	  	30-Jul-2002	  	
	THOR (stylized)	  	71353319	  	29-Jun-1934	  	0318619	  	30-Oct-1934	  	30-Oct-2014
	TRIONOL	  	72150175	  	31-Jul-1962	  	0758664	  	22-Oct-1963	  	13-Jun-2013
	ULTRA-REZ	  	74022948	  	26-Jan-1990	  	1621861	  	13-Nov-1990	  	25-Jan-2011
	VALUBOND	  	77877708	  	20-Nov-2009	  		  		  	
	VARIFLEX	  	73076931	  	11-Feb-1976	  	1047446	  	07-Sep-1976	  	
	VELVETOL	  	78610793	  	18-Apr-2005	  	3109049	  	27-Jun-2006	  	27-Jun-2016
	VEOVA	  	74251218	  	02-Mar-1992	  	1723117	  	13-Oct-1992	  	13-Oct-2012
	VERSATIC	  	77015123	  	05-Oct-2006	  	3271227	  	31-Jul-2007	  	31-Jul-2017
	WEBVAR	  	74674421	  	16-May-1995	  	2014972	  	12-Nov-1996	  	12-Nov-2016
	WONDER BOND	  	72274403	  	21-Jun-1967	  	0857305	  	24-Aug-1968	  	24-Aug-2018
	XRT	  	78163047	  	11-Sep-2002	  	2830843	  	06-Apr-2004	  	06-Apr-2014

  

 5 

 Patent Schedule 
 US Patents owned by Hexion Specialty Chemicals, Inc., as successor in interest to (i) Resolution Performance Products LLC,
(ii) Resolution Specialty Materials LLC and (iii) Borden Chemical, Inc.:2 
  

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	07/471032	  	26-Jan-90	  	4965331	  	23-Oct-90	  	26-Jan-10
	07/524010	  	16-May-90	  	5061742	  	29-Oct-91	  	16-May-10
	07/524350	  	16-May-90	  	5075155	  	24-Dec-91	  	16-May-10
	07/562206	  	2-Aug-90	  	5096983	  	17-Mar-92	  	2-Aug-10
	07/648780	  	31-Jan-91	  	5098964	  	24-Mar-92	  	31-Jan-11
	07/648778	  	31-Jan-91	  	5098965	  	24-Mar-92	  	31-Jan-11
	07/733424	  	22-Jul-91	  	5102702	  	7-Apr-92	  	22-Jul-11
	07/508063	  	10-Apr-90	  	5110495	  	5-May-92	  	10-Apr-10
	07/779667	  	21-Oct-91	  	5118889	  	2-Jun-92	  	21-Oct-11
	07/668826	  	13-Mar-91	  	5137987	  	11-Aug-92	  	13-Mar-11
	07/537398	  	13-Jun-90	  	5141974	  	25-Aug-92	  	13-Jun-10
	07/722983	  	28-Jun-91	  	5146006	  	8-Sep-92	  	28-Jun-11
	07/537316	  	13-Jun-90	  	5149730	  	22-Sep-92	  	13-Jun-10
	07/727457	  	9-Jul-91	  	5175250	  	29-Dec-92	  	9-Jul-11
	07/884247	  	11-May-92	  	5185388	  	9-Feb-93	  	11-May-12
	07/851376	  	12-Mar-92	  	5191128	  	2-Mar-93	  	12-Mar-12
	07/272287	  	17-Nov-88	  	5202051	  	13-Apr-93	  	13-Apr-10
	07/841179	  	25-Feb-92	  	5217665	  	8-Jun-93	  	25-Feb-12
	07/792004	  	14-Nov-91	  	5218038	  	8-Jun-93	  	14-Nov-11
	07/960144	  	13-Oct-92	  	5292972	  	8-Mar-94	  	13-Oct-12
	07/988247	  	9-Dec-92	  	5296520	  	22-Mar-94	  	9-Dec-12
	08/095931	  	22-Jul-93	  	5296584	  	22-Mar-94	  	20-May-12

  

	2	 With respect to patents owned by predecessors to Hexion Specialty Chemicals, Inc., Hexion Specialty Chemicals, Inc. is in the process of recording the
owner as Hexion Specialty Chemicals, Inc. 

  

 1 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	07/773895	  	25-Oct-91	  	5304225	  	19-Apr-94	  	25-Oct-11
	08/166096	  	13-Dec-93	  	5317050	  	31-May-94	  	9-Dec-12
	08/201361	  	24-Feb-94	  	5334675	  	2-Aug-94	  	9-Dec-12
	08/110574	  	23-Aug-93	  	5345001	  	6-Sep-94	  	23-Aug-13
	07/868933	  	16-Apr-92	  	5352712	  	4-Oct-94	  	4-Oct-11
	07/960008	  	13-Oct-92	  	5378793	  	3-Jan-95	  	13-Oct-12
	08/204782	  	2-Mar-94	  	5395913	  	7-Mar-95	  	2-Mar-14
	08/138350	  	18-Oct-93	  	5399606	  	21-Mar-95	  	18-Oct-13
	07/742531	  	8-Aug-91	  	5416531	  	9-8-91	  	
	08/214076	  	16-Mar-94	  	5424365	  	13-Jun-95	  	16-Mar-14
	08/294645	  	23-Aug-94	  	5429865	  	4-Jul-95	  	23-Aug-14
	08/189971	  	1-Feb-94	  	5436279	  	25-Jul-95	  	1-Feb-14
	08/119026	  	9-Sep-93	  	5439863	  	8-Aug-95	  	9-Sep-13
	08/128932	  	29-Sep-93	  	5442035	  	15-Aug-95	  	29-Sep-13
	08/119031	  	9-Sep-93	  	5444030	  	22-Aug-95	  	9-Sep-13
		  	30-Jun-94	  	5446089	  	29-Aug-95	  	15-Dec-12
	07/263548	  	27-Oct-88	  	5458959	  	17-Oct-95	  	17-Oct-12
	08/274949	  	14-Jul-94	  	5480960	  	2-Jan-96	  	14-Jul-14
	08/212302	  	14-Mar-94	  	5489619	  	6-Feb-96	  	6-Feb-13
	08/487337	  	7-Jun-95	  	5498647	  	12-Mar-96	  	12-Mar-13
	08/424846	  	19-Apr-95	  	5500461	  	19-Mar-96	  	19-Apr-15
	08/474350	  	7-Jun-95	  	5500462	  	19-Mar-96	  	19-Mar-13
	08/313721	  	27-Sep-94	  	5525698	  	11-Jun-96	  	27-Sep-14
	08/341172	  	16-Nov-94	  	5527835	  	18-Jun-96	  	18-Jun-13
	08/426273	  	21-Apr-95	  	5536529	  	16-Jul-96	  	16-Jul-13
	08/454585	  	31-May-95	  	5538791	  	23-Jul-96	  	23-Jul-13
	08/420550	  	12-Apr-95	  	5539073	  	23-Jul-96	  	12-Apr-15
	08/436187	  	15-Nov-93	  	5552519	  	3-Sep-96	  	15-Nov-13
	08/388133	  	13-Feb-95	  	5556705	  	17-Sep-96	  	13-Feb-15
	08/572199	  	13-Dec-95	  	5569536	  	29-Oct-96	  	13-Dec-15

  

 2 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	07/811980	  	23-Dec-91	  	5578668	  	26-Nov-96	  	26-Nov-13
	08/587984	  	17-Jan-96	  	5587403	  	24-Dec-96	  	24-Apr-12
	08/625839	  	1-Apr-96	  	5597876	  	28-Jan-97	  	1-Apr-16
	08/391038	  	21-Feb-95	  	5621036	  	15-Apr-97	  	21-Feb-15
	08/585380	  	1-Jan-96	  	5623031	  	22-Apr-97	  	1-Jan-16
	08/469824	  	6-Jun-95	  	5635583	  	3-Jun-97	  	6-Jun-15
	08/555047	  	8-Nov-95	  	5637374	  	10-Jun-97	  	15-Dec-12
	08/700764	  	12-Aug-96	  	5637654	  	10-Jun-97	  	12-Aug-16
	08/411887	  	28-Mar-95	  	5639806	  	17-Jun-97	  	28-Mar-15
	08/430281	  	28-Apr-95	  	5639846	  	17-Jun-97	  	17-Jun-14
	08/225890	  	11-Apr-94	  	5648404	  	15-Jul-97	  	15-Jul-14
	08/495047	  	26-Jun-95	  	5650478	  	22-Jul-97	  	26-Jun-15
	08/487317	  	7-Jun-95	  	5684114	  	4-Nov-97	  	4-Nov-14
	08/416192	  	4-Apr-95	  	5686506	  	11-Nov-97	  	4-Apr-15
	08/422318	  	13-Apr-95	  	5700587	  	23-Dec-97	  	23-Dec-14
	08/647923	  	30-Nov-94	  	5711792	  	27-Jan-98	  	27-Jan-15
	08/504277	  	19-Jul-95	  	5723703	  	3-Mar-98	  	19-Jul-15
	08/566574	  	28-Nov-95	  	5739186	  	14-Apr-98	  	28-Nov-15
	08/582855	  	4-Jan-96	  	5739213	  	14-Apr-98	  	4-Jan-16
	08/896118	  	17-Jul-97	  	5741835	  	21-Apr-98	  	17-Jul-17
	08/740664	  	31-Oct-96	  	5744514	  	28-Apr-98	  	31-Oct-16
	08/958348	  	27-Oct-97	  	5811198	  	22-Sep-98	  	
	08/768055	  	16-Dec-96	  	5840215	  	24-Nov-98	  	16-Dec-16
	08/861430	  	21-May-97	  	5869590	  	9-Feb-99	  	12-Apr-16
	08/889605	  	8-Jul-97	  	5880246	  	9-Mar-99	  	8-Jul-17
	08/861408	  	21-May-97	  	5880297	  	9-Mar-99	  	21-May-17
	08/187006	  	17-Mar-94	  	5881194	  	9-Mar-99	  	9-Mar-16
	08/988567	  	11-Dec-97	  	5891966	  	6-Apr-99	  	11-Dec-17
	09/032892	  	27-Feb-98	  	5900468	  	4-May-99	  	27-Feb-18
	08/487552	  	7-Jun-95	  	5902442	  	11-May-99	  	11-May-16

  

 3 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	08/575637	  	20-Dec-95	  	5908873	  	1-Jun-99	  	20-Dec-15
	09/053541	  	1-Apr-98	  	5910521	  	8-Jun-99	  	1-Apr-18
	08/810449	  	4-Mar-97	  	5916933	  	29-Jun-99	  	28-Mar-15
	08/704259	  	28-Aug-96	  	5916966	  	29-Jun-99	  	6-Jun-15
	08/963483	  	3-Nov-97	  	5952440	  	14-Sep-99	  	3-Nov-17
	08/861437	  	21-May-97	  	5962556	  	5-Oct-99	  	21-May-17
	08/906660	  	7-Aug-97	  	5962584	  	5-Oct-99	  	7-Aug-17
	08/558357	  	16-Nov-95	  	5962629	  	5-Oct-99	  	16-Nov-15
	08/930637	  	20-Jan-98	  	5977214	  	2-Nov-99	  	20-Jan-18
	09/057834	  	9-Apr-98	  	5980597	  	9-Nov-99	  	9-Apr-18
	09/030111	  	25-Feb-98	  	5981796	  	9-Nov-99	  	25-Feb-18
	08/978073	  	25-Nov-97	  	5998508	  	7-Dec-99	  	25-Nov-17
	09/158584	  	22-Sep-98	  	6001950	  	14-Dec-99	  	22-Sep-18
	09/063750	  	21-Apr-98	  	6005060	  	21-Dec-99	  	21-Apr-18
	09/067373	  	27-Apr-98	  	6011186	  	4-Jan-00	  	27-Apr-18
	08/906659	  	7-Aug-97	  	6013725	  	11-Jan-00	  	7-Aug-17
	08/977977	  	25-Nov-97	  	6013757	  	11-Jan-00	  	25-Nov-17
	09/142102	  	23-Jan-98	  	6014488	  	11-Jan-00	  	23-Jan-18
	08/532807	  	10-May-94	  	6015846	  	18-Jan-00	  	18-Jan-17
	08/883505	  	26-Jun-97	  	6015873	  	18-Jan-00	  	26-Jun-17
	08/965661	  	6-Nov-97	  	6024839	  	15-Feb-00	  	6-Nov-17
	08/806148	  	25-Feb-97	  	6046252	  	2-Apr-00	  	11-Apr-14
	08/989618	  	12-Dec-97	  	6048911	  	11-Apr-00	  	12-Dec-17
	08/932396	  	17-Sep-97	  	6050047	  	18-Apr-00	  	12-Apr-16
	09/223481	  	30-Dec-98	  	6060611	  	9-May-00	  	30-Dec-18
	09/085209	  	27-May-98	  	6063876	  	16-May-00	  	27-May-18
	09/101474	  	8-Jan-97	  	6080806	  	27-Jun-00	  	8-Jan-17
	09/033963	  	3-Mar-98	  	6084039	  	4-Jul-00	  	3-Mar-18
	09/259343	  	1-Mar-99	  	6122428	  	19-Sep-00	  	19-Sep-17
	09/095090	  	10-Jun-98	  	6127459	  	3-Oct-00	  	10-Jun-18

  

 4 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	08/859518	  	2-May-97	  	6127508	  	3-Oct-00	  	2-May-17
	09/155256	  	30-Jan-98	  	6132549	  	17-Oct-00	  	30-Jan-18
	09/091301	  	4-Oct-98	  	6133403	  	17-Oct-00	  	23-Dec-16
	09/443871	  	19-Nov-99	  	6136894	  	24-Oct-00	  	19-Nov-19
	09/449870	  	29-Nov-99	  	6136944	  	24-Oct-00	  	29-Nov-19
	08/967634	  	10-Nov-97	  	6136991	  	24-Oct-00	  	21-May-17
	09/404025	  	23-Sep-99	  	6140421	  	31-Oct-00	  	22-Sep-18
	09/116922	  	17-Jul-98	  	6143809	  	7-Nov-00	  	17-Jul-18
	08/192077	  	4-Feb-94	  	6150492	  	21-Nov-00	  	21-Nov-17
	09/301315	  	29-Apr-99	  	6159405	  	12-Dec-00	  	29-Apr-19
	09/123105	  	27-Jul-98	  	6174947	  	16-Jan-01	  	27-Jul-18
	09/040846	  	18-Mar-98	  	6187698	  	13-Feb-01	  	18-Mar-18
	09/421168	  	19-Oct-99	  	6187875	  	13-Feb-01	  	19-Oct-19
	09/421641	  	20-Oct-99	  	6201094	  	13-Mar-01	  	22-Sep-18
	09/421727	  	20-Oct-99	  	6211406	  	3-Apr-01	  	20-Oct-19
	09/213595	  	17-Dec-98	  	6214265	  	10-Apr-01	  	17-Dec-18
	09/116923	  	17-Jul-98	  	6221934	  	24-Apr-01	  	17-Jul-18
	09/635381	  	9-Aug-00	  	6232399	  	15-May-01	  	23-Sep-19
	09/322633	  	28-May-99	  	6232411	  	15-May-01	  	28-May-19
	09/223549	  	30-Dec-98	  	6235931	  	22-May-01	  	30-Dec-18
	09/298153	  	23-Apr-99	  	6239248	  	29-May-01	  	22-Sep-18
	09/133485	  	12-Aug-98	  	6242528	  	5-Jun-01	  	12-Aug-18
	09/156050	  	18-Sep-98	  	6248843	  	19-Jun-01	  	18-Sep-18
	09/360963	  	27-Jul-99	  	6255365	  	3-Jul-01	  	27-Jul-19
	09/156254	  	18-Sep-98	  	6255523	  	3-Jul-01	  	18-Sep-18
	09/490522	  	25-Jan-00	  	6274682	  	14-Aug-01	  	25-Jan-20
	09/095079	  	10-Jun-98	  	6277928	  	21-Aug-01	  	10-Jun-18
	09/242380	  	16-Sep-99	  	6284845	  	4-Sep-01	  	16-Sep-19
	09/464552	  	16-Dec-99	  	6291578	  	18-Sep-01	  	16-Dec-19
	09/388966	  	2-Sep-99	  	6291723	  	18-Sep-01	  	2-Sep-19

  

 5 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	09/213955	  	17-Dec-98	  	6294117	  	25-Sep-01	  	17-Dec-18
	09/102983	  	22-Jun-98	  	6294691	  	25-Sep-01	  	22-Jun-18
	09/634240	  	8-Aug-00	  	6306241	  	23-Oct-01	  	10-Aug-18
	08/950427	  	15-Oct-97	  	6307095	  	23-Oct-01	  	15-Oct-17
	09/735813	  	13-Dec-00	  	6316583	  	13-Nov-01	  	22-Sep-18
	09/321610	  	28-May-99	  	6333378	  	25-Dec-01	  	12-Aug-18
	09/566314	  	8-May-00	  	6342615	  	29-Jan-02	  	21-May-17
	09/413380	  	6-Oct-99	  	6353081	  	5-Mar-02	  	6-Oct-19
	09/635909	  	10-Aug-00	  	6359037	  	19-Mar-02	  	10-Aug-20
	09/456363	  	8-Dec-99	  	6365646	  	2-Apr-02	  	8-Dec-19
	09/525138	  	14-Mar-00	  	6372295	  	16-Apr-02	  	14-Mar-20
	09/617166	  	17-Jul-00	  	6372878	  	16-Apr-02	  	17-Jul-20
	09/765819	  	20-Jan-01	  	6379800	  	30-Apr-02	  	22-Jun-20
	09/659726	  	11-Sep-00	  	6384116	  	7-May-02	  	11-Sep-20
	09/365418	  	2-Aug-99	  	6387501	  	14-May-02	  	2-Aug-19
	09/696577	  	25-Oct-00	  	6388024	  	14-May-02	  	25-Oct-20
	09/509762	  	9-Jul-99	  	6391952	  	21-May-02	  	9-Jul-19
	09/212083	  	15-Dec-98	  	6395845	  	28-May-02	  	15-Dec-18
	09/486144	  	22-May-00	  	6406789	  	18-Jun-02	  	22-Jul-19
	09/813179	  	9-May-01	  	6410658	  	25-Jun-02	  	9-May-21
	09/465279	  	16-Dec-99	  	6416696	  	9-Jul-02	  	16-Dec-19
	09/404527	  	23-Sep-99	  	6433217	  	13-Aug-02	  	23-Sep-19
	09/588019	  	6-Jun-00	  	6449413	  	10-Sep-02	  	10-Sep-19
	09/260568	  	2-Mar-99	  	6455607	  	24-Sep-02	  	20-Dec-15
	09/674114	  	28-Apr-99	  	6469097	  	22-Oct-02	  	28-Apr-19
	09/661458	  	13-Sep-00	  	6478998	  	12-Nov-02	  	13-Sep-20
	10/115076	  	4-Apr-02	  	6498883	  	24-Dec-02	  	4-Apr-22
	09/469209	  	21-Dec-99	  	6492483	  	10-Dec-02	  	21-Dec-19
	10/115076	  	4-Apr-02	  	6498883	  	24-Dec-02	  	4-Apr-22
	09/704023	  	1-Nov-00	  	6500546	  	31-Dec-02	  	1-Nov-20

  

 6 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	09/660369	  	12-Sep-00	  	6500912	  	31-Dec-02	  	12-Sep-20
	09/807155	  	17-Aug-01	  	6501890	  	31-Dec-02	  	9-Aug-20
	09/784624	  	15-Feb-01	  	6515047	  	4-Feb-03	  	5-Mar-21
	09/694442	  	23-Oct-00	  	6515166	  	4-Feb-03	  	23-Oct-20
	08/641827	  	2-May-96	  	6528157	  	4-Mar-03	  	2-May-16
	10/351903	  	27-Jan-03	  	7001938	  	21-Feb-06	  	27-Jan-23
	10/094136	  	11-Mar-02	  	6534598	  	18-Mar-03	  	11-Mar-22
	09/068510	  	11-Aug-98	  	6541576	  	1-Apr-03	  	12-Nov-16
	09/867269	  	29-May-01	  	6541595	  	1-Apr-03	  	29-May-21
	09/596269	  	16-Jun-00	  	6548601	  	15-Apr-03	  	16-Jun-20
	09/963711	  	27-Sep-01	  	6572804	  	3-Jun-03	  	27-Sep-21
	09/602398	  	23-Jun-00	  	6573357	  	3-Jun-03	  	18-Jul-19
	09/774881	  	1-Feb-01	  	6582819	  	24-Jun-03	  	22-Jul-19
	09/242553	  	18-Feb-99	  	6582884	  	24-Jun-03	  	9-Jun-18
	09/993196	  	16-Nov-01	  	6585820	  	1-Jul-03	  	21-Nov-21
	09/940961	  	28-Aug-01	  	6605354	  	12-Aug-03	  	28-Aug-21
	09/518506	  	3-Mar-00	  	6608161	  	19-Aug-03	  	3-Mar-20
	10/099410	  	15-Mar-02	  	6608162	  	19-Aug-03	  	15-Mar-22
	10/023780	  	14-Dec-01	  	6620901	  	16-Sep-03	  	14-Dec-21
	09/701609	  	27-Mar-00	  	6628866	  	30-Sep-03	  	27-Mar-20
	09/450588	  	30-Nov-99	  	6632527	  	14-Oct-03	  	22-Jul-19
	09/773796	  	1-Feb-01	  	6641761	  	4-Nov-03	  	17-Dec-18
	09/794976	  	27-Feb-01	  	6641762	  	4-Nov-03	  	17-Dec-18
	10/073692	  	11-Feb-02	  	6646065	  	11-Nov-03	  	11-Feb-22
	10/018707	  	17-Dec-01	  	6646094	  	11-Nov-03	  	15-Oct-20
	09/785098	  	16-Feb-01	  	6653398	  	25-Nov-03	  	14-Jul-21
	10/073691	  	11-Feb-02	  	6653412	  	25-Nov-03	  	11-Feb-22
	09/733290	  	8-Dec-00	  	6653436	  	25-Nov-03	  	10-Jan-21
	10/357720	  	4-Feb-03	  	6663707	  	16-Dec-03	  	16-Nov-21
	10/145829	  	14-May-02	  	6677426	  	13-Jan-04	  	14-May-22

  

 7 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	10/365873	  	13-Feb-03	  	6699958	  	2-Mar-04	  	13-Feb-23
	10/342799	  	15-Jan-03	  	6710101	  	23-Mar-04	  	15-Jan-23
	10/070623	  	4-Mar-02	  	6716729	  	6-Apr-04	  	31-Dec-20
	10/235326	  	5-Sep-02	  	6780511	  	24-Aug-04	  	29-Nov-22
	10/041913	  	8-Jan-02	  	6818707	  	16-Nov-04	  	8-Feb-23
	10/346350	  	16-Jan-03	  	6825278	  	30-Nov-04	  	16-Jan-23
	10/250612	  	7-Jul-03	  	6881799	  	19-Apr-05	  	7-Jul-23
	10/091086	  	5-Mar-02	  	6906425	  	14-Jun-05	  	27-Mar-23
	10/121927	  	12-Apr-02	  	6911493	  	28-Jun-05	  	29-Nov-22
	10/356286	  	31-Jan-03	  	6946509	  	20-Sep-05	  	3-Mar-23
	10/671224	  	24-Sep-03	  	6956086	  	18-Oct-05	  	31-Mar-24
	10/323067	  	19-Dec-02	  	6982044	  	3-Jan-06	  	19-Dec-22
	10/101038	  	19-Mar-02	  	6984675	  	10-Jan-06	  	1-Dec-22
	10/456429	  	6-Jun-03	  	6989413	  	24-Jan-06	  	17-Feb-20
	10/351903	  	27-Jan-03	  	7001938	  	21-Feb-06	  	11-Apr-23
	10/121396	  	12-Apr-02	  	7060745	  	13-Jun-06	  	6-Oct-22
	10/507301	  	8-Sep-04	  	7073586	  	11-Jul-06	  	22-Sep-24
	10/639414	  	12-Aug-03	  	7101924	  	5-Sep-06	  	7-Jun-24
	10/416745	  	13-May-03	  	7129286	  	31-Oct-06	  	7-Jan-24
	10/484129	  	16-Jan-04	  	7151192	  	19-Dec-06	  	8-Dec-24
	10/445899	  	28-May-03	  	7153575	  	26-Dec-06	  	8-Nov-23
	10/639576	  	12-Aug-03	  	7173081	  	6-Feb-07	  	21-Apr-24
	10/639723	  	12-Aug-03	  	7186769	  	6-Mar-07	  	1-Oct-23
	10/639726	  	12-Aug-03	  	7189780	  	13-Mar-07	  	7-May-24
	10/420910	  	23-Apr-03	  	7238386	  	3-Jul-07	  	5-Feb-25
	10/800841	  	15-Mar-04	  	7256226	  	14-Aug-07	  	12-Sep-25
	10/875877	  	24-Jun-04	  	7262237	  	28-Aug-07	  	12-Jan-24
	10/760326	  	20-Jan-04	  	7262238	  	28-Aug-07	  	22-Oct-24
	10/825087	  	15-Apr-04	  	7270879	  	18-Sep-07	  	1-Apr-25
	10/441171	  	19-May-03	  	7276555	  	2-Oct-07	  	31-Mar-24

  

 8 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	10/712512	  	13-Nov-03	  	7285590	  	23-Oct-07	  	4-Mar-24
	11/219276	  	2-Sep-05	  	7294189	  	13-Nov-07	  	4-Jun-26
	10/617104	  	10-Jul-03	  	7321020	  	22-Jan-08	  	10-Jul-23
	11/248105	  	12-Oct-05	  	7323534	  	29-Jan-08	  	12-Oct-25
	10/607514	  	26-Jun-03	  	7326739	  	5-Feb-08	  	13-Mar-21
	10/487318	  	20-Feb-04	  	7358312	  	15-Apr-08	  	19-Nov-23
	11/410738	  	25-Apr-06	  	7374610	  	20-May-08	  	13-Aug-26
	11/242745	  	4-Oct-05	  	7424911	  	16-Sep-08	  	7-Jul-26
	11/520234	  	13-Sep-06	  	7450053	  	11-Nov-08	  	6-Nov-26
	10/525912	  	25-Feb-05	  	7473712	  	6-Jan-09	  	10-Apr-24
	10/525917	  	25-Feb-05	  	7473713	  	6-Jan-09	  	8-Mar-24
	10/537691	  	6-Jun-05	  	7488383	  	10-Feb-09	  	5-Feb-25
	10/541804	  	7-Jul-05	  	7563826	  	21-Jul-09	  	
	10/667648	  	22-Sep-03	  	7592067	  	22-Sep-09	  	22-Sep-23
	11/520229	  	13-Sep-06	  	7598898	  	6-Oct-09	  	
	11/726573	  	22-Mar-07	  	7624802	  	1-Dec-09	  	13-May-27
	10/528471	  	21-Mar-05	  		  		  	
	10/538681	  	10-Jun-05	  		  		  	12-Dec-23
	10/574413	  	17-Sep-07	  		  		  	8-Oct-24
	10/612606	  	2-Jul-03	  		  		  	
	11/053682	  	9-Feb-05	  		  		  	
	11/192983	  	29-Jul-05	  		  		  	
	11/230693	  	20-Sep-05	  		  		  	
	11/437018	  	18-May-06	  		  		  	
	11/473734	  	23-Jun-06	  		  		  	
	11/487622	  	17-Jul-06	  		  		  	
	11/501575	  	9-Aug-06	  		  		  	
	11/631802	  	5-Jan-07	  		  		  	
	11/701217	  	1-Feb-07	  		  		  	
	11/915218	  	15-May-08	  		  		  	

  

 9 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	11/956662	  	14-Dec-07	  		  		  	
	11/973787	  	10-Oct-07	  		  		  	
	11/996631	  	20-Jul-06	  		  		  	
	12/037231	  	26-Feb-08	  		  		  	
	12/063609	  	12-Dec-08	  		  		  	
	12/088544	  	12-Sep-07	  		  		  	
	12/135813	  	9-Jun-08	  		  		  	
	12/145667	  	25-Jun-08	  		  		  	
	12/145871	  	25-Jun-08	  		  		  	
	12/226159	  	9-Oct-08	  		  		  	
	12/268856	  	11-Nov-08	  		  		  	
	12/335238	  	15-Dec-08	  		  		  	
	12/360655	  	27-Jan-09	  		  		  	
	12/406579	  	18-Mar-09	  		  		  	
	12/406840	  	18-Mar-09	  		  		  	
	12/436217	  	6-May-09	  		  		  	
	12/437717	  	8-May-09	  		  		  	
	12/437747	  	8-May-09	  		  		  	
	12/498481	  	7-Jul-09	  		  		  	
	12/500967	  	10-Jul-09	  		  		  	
	12/508197	  	23-Jul-09	  		  		  	
	12/542034	  	17-Aug-09	  		  		  	
	12/564479	  	22-Sep-09	  		  		  	
	12/571878	  	1-Oct-09	  		  		  	
	12/599011	  	23-Jun-08	  		  		  	
	12/605990	  	26-Oct-09	  		  		  	
	12/639726	  	16-Dec-09	  		  		  	
	12/642343	  	18-Dec-09	  		  		  	
	12/642420	  	18-Dec-09	  		  		  	
	61/149879	  	4-Feb-09	  		  		  	

  

 10 

									
	 Application Number
	  	Filing Date	  	Patent Number	  	Issue Date	  	Expiration Date
	61/156231	  	27-Feb-09	  		  		  	
	61/218506	  	19-Jun-09	  		  		  	
	61/218508	  	19-Jun-09	  		  		  	
	61/239535	  	3-Sep-09	  		  		  	
	61/286272	  	14-Dec-09	  		  		  	
	11/037094	  	18-Jan-05	  	US 7,645,196	  	12-Jan-10	  	18-Jan-25
	07/466179	  		  		  		  	
	07/349544	  		  		  		  	
	07/158019	  		  		  		  	
	07/149569	  		  		  		  	
	07/096812	  		  		  		  	
	06/880260	  		  		  		  	
	06/86623	  		  		  		  	
	10/880746	  	29-Jun-04	  		  		  	
	10/869271	  	16-Jun-04	  		  		  	
	10/44487	  	23-May-03	  		  		  	
	10/349673	  	23-Jan-03	  		  		  	

  

 11 

 SCHEDULE 12(b) 
 Copyrights and Copyright Licenses 
 None. 
  

 Schedule 12(b) 

 SCHEDULE 13 
 Commercial Tort Claims 
 None. 
  

 Schedule 13-1 

 Exhibit III 
 to the 
 Collateral Agreement 
 [Form of] 
 ADDITIONAL SECURED PARTY CONSENT 
 [Name of Secured Party] 
 [Address of Secured Party] 
 [Date]  
                      
                      
                      
 The undersigned is the Authorized Representative for persons wishing to become Secured Parties (the “New Secured Parties”)
under the Third Amended and Restated Collateral Agreement dated as of January 29, 2010 (as amended, supplemented or otherwise modified from time to time, the “Collateral Agreement”) among HEXION LLC, a Delaware limited liability
company (“Holdings”), HEXION SPECIALTY CHEMICALS, INC., a New Jersey corporation (the “U.S. Borrower”), each Subsidiary Party party thereto and JPMORGAN CHASE BANK, N.A., as Applicable First Lien Representative (in
such capacity, the “Applicable First Lien Representative”). Capitalized terms in this Agreement but not otherwise defined herein have the meanings set forth in the Collateral Agreement 
 In consideration of the foregoing, the undersigned hereby: 
 (i) represents that the Authorized Representative has been duly authorized by the New Secured Parties to become a party to
the Collateral Agreement on behalf of the New Secured Parties under that [DESCRIBE OPERATIVE AGREEMENT] (the “New Secured Obligations”) and to act as the Authorized Representative for the New Secured Parties; 
 (ii) acknowledges that the New Secured Parties have received a copy of the Collateral Agreement and the First Lien
Intercreditor Agreement; 
 (iii) appoints and authorizes the Applicable First Lien Representative to take such
action as agent on its behalf and on behalf of all other Secured Parties and to exercise such powers under the Collateral Agreement and First Lien Intercreditor Agreement as are delegated to the Applicable First Lien Representative by the terms
thereof, together with all such powers as are reasonably incidental thereto; and 
 (iv) accepts and acknowledges
the terms of the First Lien Intercreditor Agreement applicable to it and the New Secured Parties and agrees to serve as Authorized Representative for the New Secured Parties with respect to the New Secured Obligations and agrees on its own behalf
and on behalf of the New Secured Parties to be bound by the terms thereof applicable to holders of Other First Lien Obligations, with all the rights and obligations of a Secured Party thereunder and

 
bound by all the provisions thereof as fully as if it had been a Secured Party on the Intercreditor Effective Date and agrees that its address for receiving notices pursuant to the Security
Documents (as defined in the First Lien Intercreditor Agreement) shall be as follows: 
 [Address] 
 The Applicable First Lien Representative, by acknowledging and agreeing to this Other First Lien Secured Party Consent, accepts the
appointment set forth in clause (iii) above. 
 THIS ADDITIONAL SECURED PARTY CONSENT SHALL BE GOVERNED BY, AND SHALL BE
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 IN WITNESS WHEREOF, the undersigned has caused this Additional Secured Party Consent to be
duly executed by its authorized officer as of the              day of 20    . 
  

			
	[NAME OF AUTHORIZED REPRESENTATIVE]
		
	By:	 	  

		 	  Name:
		 	  Title:

  

			
	
	Acknowledged and Agreed:
	
	 JPMORGAN CHASE BANK, N.A.,
 as Applicable First Lien Representative

		
	By:	 	  

		 	 Name:

		 	 Title:

		
	By:	 	  

		 	 Name:

		 	 Title:

	
	HEXION LLC
		
	By:	 	  

		 	 Name:

		 	 Title:

	
	HEXION SPECIALTY CHEMICALS, INC.
		
	By:	 	  

		 	 Name:

		 	 Title:

			
	 [The Grantors listed on Schedule I to the
 Collateral Agreement, each as Grantor]

		
	By:	 	  

		 	 Name:

		 	 Title:

 EXHIBIT C 
 FORM OF REAFFIRMATION AGREEMENT 

 REAFFIRMATION AGREEMENT (this “Agreement”), dated as of
January [    ], 2010, among HEXION LLC, a Delaware limited liability company (“Holdings”), HEXION SPECIALTY CHEMICALS, INC., a New Jersey corporation (the “U.S. Borrower”), HEXION SPECIALTY
CHEMICALS CANADA, INC., a Canadian corporation (the “Canadian Borrower”), HEXION SPECIALTY CHEMICALS B.V., a company organized under the laws of The Netherlands (the “Dutch Borrower”), HEXION SPECIALTY CHEMICALS UK
LIMITED, a corporation organized under the laws of England and Wales, and BORDEN CHEMICAL UK LIMITED, a corporation organized under the laws of England and Wales (together, the “U.K. Borrowers” and, together with the U.S. Borrower,
the Canadian Borrower and the Dutch Borrower, the “Borrowers”), each other subsidiary of Holdings identified on the signature pages hereto (each, a “Subsidiary Party” and the Subsidiary Parties, Holdings and the
Borrower, the “Reaffirming Parties”) and JPMORGAN CHASE BANK, N.A. (“JPMCB”), as Administrative Agent and Collateral Agent under the Third Amended and Restated Credit Agreement referred to below. 
 WHEREAS Holdings, the Borrowers, the Required Amendment Lenders (as defined therein) and JPMCB, as Administrative Agent, have entered into
an Amendment Agreement dated as of January 25, 2010 (the “Amendment Agreement”), which (i) amends and restates the Second Amended and Restated Credit Agreement dated as of November 3, 2006 (the “Existing
Credit Agreement” and, as amended and restated after giving effect to the Amendment Agreement, the “Amended Credit Agreement”), among Holdings, the Borrowers, the lenders party thereto from time to time and the agents party
thereto and (ii) amends and restates the Second Amended and Restated Collateral Agreement dated as of November 3, 2006 (the “Existing Collateral Agreement” and, as amended and restated after giving effect to the Amendment
Agreement, the “Amended Collateral Agreement”), among Holdings, the U.S. Borrower, the Subsidiary Parties party thereto and JPMCB, as Administrative Agent; 
 WHEREAS each of the Reaffirming Parties is party to one or more of the Security Documents (such term and each other capitalized term used
but not defined herein having the meaning assigned to such terms in the Amended Credit Agreement); 
 WHEREAS each Reaffirming
Party expects to realize, or has realized, substantial direct and indirect benefits as a result of the Amendment Agreement becoming effective and the consummation of the transactions contemplated thereby; and 
 WHEREAS the execution and delivery of this Agreement is a condition precedent to the consummation of the transactions contemplated by the
Amendment Agreement. 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  

 1 

 ARTICLE I. 
 Reaffirmation/Amendment 
 SECTION 1.01. Reaffirmation.
(a) Each of the Reaffirming Parties (i) hereby consents to the Amendment Agreement and the transactions contemplated thereby, (ii) hereby confirms its guarantees, pledges, grants of security interests and other agreements, as
applicable, under each of the Security Documents to which it is party and (iii) agrees that notwithstanding the effectiveness of the Amendment Agreement and the consummation of the transactions contemplated thereby, such guarantees, pledges,
grants of security interests and other agreements shall continue to be in full force and effect and shall accrue to the benefit of the Lenders under the Amended Credit Agreement. Each of the Reaffirming Parties further agrees to take any action that
may be required or that is reasonably requested by the Administrative Agent to ensure compliance by Holdings and the Borrowers with Section 5.10 of the Amended Credit Agreement and hereby reaffirms its obligations under each similar provision
of each Security Document to which it is party. 
 (b) Each of the Reaffirming Parties party to each of the Security Documents
securing the Obligations of the Borrowers hereby confirms and agrees that (i) the outstanding Term Loans (it being understood that the Dutch Tranche Loan Obligations are not secured by any Collateral (as defined in the Collateral
Agreement) of Holdings, the U.S. Borrower or any Domestic Subsidiary Loan Party) and Tranche C-3 Credit-Linked Deposits have constituted and continue to constitute Loan Document Obligations (as defined in the Collateral Agreement) and (ii) the
Canadian Tranche Revolving Facility Loans, European Tranche Revolving Facility Loans, Swingline Loans and U.S. Tranche Revolving Facility Loans have constituted and continue to constitute Loan Document Obligations (as defined in the Collateral
Agreement). 
 SECTION 1.02. Amendment. On and after the effectiveness of the Amendment Agreement, (i) each
reference in each Security Document to the “Credit Agreement”, “thereunder”, “thereof” or words of like import shall mean and be a reference to the Amended Credit Agreement, as such agreement may be amended, modified or
supplemented and in effect from time to time, (ii) the definition of any term defined in any Security Document by reference to the terms defined in the “Credit Agreement” shall be amended to be defined by reference to the defined term
in the Amended Credit Agreement, as the same may be amended, modified or supplemented and in effect from time to time, (iii) each reference in each Security Document to the “Collateral Agreement”, “thereunder”,
“thereof” or words of like import shall mean and be a reference to the Amended Collateral Agreement, as such agreement may be amended, modified or supplemented and in effect from time to time and (iv) the definition of any term
defined in any Security Document by reference to the terms defined in the “Collateral Agreement” shall be amended to be defined by reference to the defined term in the Amended Collateral Agreement, as the same may be amended, modified or
supplemented and in effect from time to time. 
  

 2 

 SECTION 1.03. Amendment to German Limitation Language. On and after the effectiveness
of the Amendment Agreement, Section 6. (d) of the Foreign Guarantee Agreement shall be deleted and the following wording shall be included as Section 6. (d): 
 “(d)(i) Notwithstanding any other provision in this Agreement, with a view to give due regard to the obligations of the managing
directors of each Guarantor incorporated in Germany (a “German Guarantor”) as a company with limited liability (Gesellschaft mit beschränkter Haftung) or as a partnership with limited liability where a company with
limited liability is its general partner (the “GmbH Partner”) (GmbH & Co. KG) (each such German Guarantor or, in case of a GmbH & Co. KG, such German Guarantor’s GmbH Partner being a “Relevant
GmbH”) and the managing directors of the shareholders of such Relevant GmbH to duly consider the own interests of the Relevant GmbH and the Relevant GmbH’s creditors as well as to preserve the stated share capital of the Relevant GmbH,
the Secured Parties and the Administrative Agent agree not to enforce this Guaranty against a German Guarantor to the extent this Guaranty guarantees liabilities of an affiliated company (verbundenes Unternehmen) within the meaning of
Section 15 of the German Stock Corporation Act (Aktiengesetz) of such German Guarantor (other than the German Guarantor’s subsidiaries and, in case of a GmbH & Co. KG, other than the GmbH Partner’s subsidiaries) (save
for any guarantee granted in respect of borrowings to the extent they are on-lent, or otherwise passed on, to such German Guarantor and/or such German Guarantor’s subsidiaries and/or, in case of a GmbH & Co. KG, its GmbH Partner’s
subsidiaries) and to the extent that (i) the enforcement would cause the amount of the Relevant GmbH’s net assets (i.e. assets minus liabilities and liability reserves (Reinvermögen)) to fall below the amount of its stated
share capital (Stammkapital) which is protected by Sections 30 and 31 of the German Act on Limited Liability Companies (“GmbHG”), or (ii) following a negative prognosis on the continuation of the Relevant GmbH’s
business (negative Fortführungsprognose), taking the enforcement under this Agreement into account, the enforcement under this Agreement would have the effect that the Relevant GmbH’s creditors shown in the balance sheet based on
the liquidation values of the Relevant GmbH’s net assets (Liquidationsbilanz) would not be fully satisfied from the net assets shown in such balance sheet, or (iii) in case that the Relevant GmbH’s amount of net assets is
already below the amount of its registered share capital, that the enforcement would cause such amount to be further reduced. For the purposes of the calculation of the amount not to be enforced (if any) the following balance sheet items shall be
adjusted as follows: 
  

	 	(A)	the amount of any increase of the stated share capital (Stammkapital) of such Relevant GmbH after the date hereof that has been effected without the prior
written consent of the Administrative Agent shall be deducted from the stated share capital (Stammkapital); 

  

 3 

	 	(B)	any loans provided to such Relevant GmbH by the Fund or any Fund Affiliate or any of their respective shareholders shall be disregarded to the extent that such loans
are outstanding at the moment insolvency proceedings are opened and are subordinated in an insolvency of such Relevant GmbH pursuant to Section 39 I No. 5 or Section 39 II of the German Insolvency Code (Insolvenzordnung) (it
being understood that the net assets will be recalculated at the moment insolvency proceedings are opened); 

  

	 	(C)	any loans and other contractual liabilities incurred by such German Guarantor or, in case of a GmbH & Co. KG, its GmbH Partner in violation of the provisions
of the Credit Agreement shall be disregarded; and 

  

	 	(D)	any asset that is shown in the balance sheet with a book value (Buchwert) that is significantly lower than the market value of such asset, which is not
essentially necessary (betriebsnotwendig) for such German Guarantor’s business (or, in case of a GmbH & Co. KG, its GmbH Partner’s business) and that can be realized (to the extent legally possible) shall be taken into
account with its market value. 

 (ii) The limitations set out in paragraph (d)(i) shall only apply if and to
the extent that (i) within ten (10) Business Days following the notification by the Lenders, acting through the Administrative Agent, of their intention to enforce this Agreement against a German Guarantor (the “Enforcement
Notice”), the managing director(s) on behalf of such German Guarantor have confirmed in writing to the Administrative Agent (x) to what extent the Guaranty granted hereunder by such German Guarantor guarantees liabilities of an
affiliated company (verbundenes Unternehmen) within the meaning of Section 15 of the German Stock Corporation Act (Aktiengesetz) of the German Guarantor (other than the German Guarantor’s subsidiaries and, in case of a
GmbH & Co. KG, other than the GmbH Partner’s subsidiaries) and (y) which amount cannot be enforced as it would cause the amount of the net assets of the Relevant GmbH to fall below the amount of its stated share capital in
violation of Sections 30 and 31 GmbHG (taking into account the adjustments set out in Section 6(d)(i) above) and such confirmation is supported by evidence reasonably satisfactory to the Administrative Agent (the “Management
Determination”); or (ii) if after receipt by the Administrative Agent of the Management Determination and the Administrative Agent’s objection to the Management Determination, such German Guarantor provides within 30 days from the
date the Administrative Agent has contested the Management Determination a determination by auditors of international standard and reputation (the “Auditor’s Determination”) appointed by such German Guarantor of the amount that
would have been necessary on the date the Enforcement Notice was given to maintain the Relevant GmbH’s stated share capital without violation of Sections 30 and 31 GmbHG (taking into account the adjustments set out in Section 6(d)(i)
above). 
  

 4 

 (iii) If the Administrative Agent disagrees with the Auditor’s Determination, the
Secured Parties, acting through the Administrative Agent, shall be entitled to enforce the relevant Guaranty up to the amount that is undisputed between themselves and such German Guarantor in accordance with the provisions of Section 6(d)(i)
above. In relation to the amount that is disputed, the Secured Parties, acting through the Administrative Agent, shall be entitled to further pursue their claims (if any) (other than by way of enforcement of the relevant Guaranty) and such German
Guarantor shall be entitled to prove that this amount is necessary for maintaining the Relevant GmbH’s stated share capital without violation of Sections 30 and 31 GmbHG (calculated as of the date that the Enforcement Notice was given (taking
into account the adjustments set out in Section 6(d)(i) above)), for the avoidance of doubt. 
 (iv) If this Agreement was
enforced without limitation because the Management Determination and/or the Auditor’s Determination (as the case may be) was not delivered within the relevant time frame, the Secured Parties, acting through the Administrative Agent, shall
without undue delay repay to such German Guarantor any amount that is necessary pursuant to Sections 30 and 31 GmbHG to maintain the stated share capital of the Relevant GmbH, calculated as of the date that the Enforcement Notice was given (taking
into account the adjustments set out in Section 6(d)(i) above). 
 (v) The foregoing provisions applying to a guaranty
granted by a German Guarantor shall apply accordingly to any obligation of the German Borrower under any Loan Document established solely by virtue of the assumption of joint and several liability (gesamtschuldnerische Haftung) or to payment
obligations of the German Borrower that are not its own payment obligations under the European Tranche Revolving Facility Loans and/or European Tranche Letters of Credit.” 
  

 5 

 ARTICLE II. 
 Representations and Warranties 
 Each Reaffirming Party hereby represents
and warrants, which representations and warranties shall survive execution and delivery of this Agreement, as follows: 
 SECTION 2.01. Organization. Such Reaffirming Party is duly organized and validly existing in good standing under the laws of the jurisdiction of its formation (or, if applicable in a foreign jurisdiction, enjoys the equivalent
status under the laws of any jurisdiction outside the United States). 
 SECTION 2.02. Authority; Enforceability.
Such Reaffirming Party has the power and authority to execute, deliver and carry out the terms and provisions of this Agreement and has taken all necessary action to authorize the execution, delivery and performance by it of this Agreement. Such
Reaffirming Party has duly executed and delivered this Agreement, and this Agreement constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to (i) the effects of bankruptcy, insolvency,
moratorium, reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law)
and (iii) implied covenants of good faith and fair dealing. 
 SECTION 2.03. Security Documents. The
representations and warranties of such Reaffirming Party contained in each Security Document are true and correct in all material respects on and as of the date hereof with the same effect as though made on and as of such date, except to the extent
such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall have been true and correct as of such earlier date). 
 ARTICLE III. 
 Miscellaneous 
 SECTION 3.01. Notices. All notices and other communications hereunder shall be made at the addresses, in the manner and with the
effect provided in Section 9.01 of the Amended Credit Agreement, provided that, for this purpose, the address of each Reaffirming Party shall be the one specified for the U.S. Borrower under the Amended Credit Agreement. 
 SECTION 3.02. Expenses. The parties hereto acknowledge and agree that JPMCB and the Lenders shall be entitled to reimbursement
of expenses as provided in Section 9.05 of the Amended Credit Agreement. 
 SECTION 3.03. Security Document.
This Agreement is a Security Document executed pursuant to the Amended Credit Agreement and shall (unless otherwise expressly indicated herein) be construed, administered and applied in accordance with the terms and provisions thereof. 

 

 6 

 SECTION 3.04. Section Captions. Section captions used in this Agreement are for
convenience of reference only and shall not affect the construction of this Agreement. 
 SECTION 3.05. Successors and
Assigns. This Agreement shall inure to the benefit of and be binding upon the parties hereto and their respective successors and assigns. 
 SECTION 3.06. Amendment. This Agreement may be waived, modified or amended only by a written agreement executed by each of the parties hereto. 
 SECTION 3.07. Counterparts. This Agreement may be executed in any number of counterparts and by the different parties hereto on
separate counterparts, each of which when so executed and delivered shall be an original but all of which shall together constitute one and the same agreement. Delivery of an executed counterpart of a signature page of this Agreement by facsimile
transmission shall be effective as delivery of a manually executed counterpart of this Agreement. 
 SECTION 3.08.
Applicable Law; Waiver of Jury Trial. (A) THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 (B) EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN SECTION 9.12 OF THE AMENDED CREDIT AGREEMENT AS IF SUCH SECTION WERE SET FORTH IN
FULL HEREIN. 
 SECTION 3.09. No Novation. Neither this Agreement nor the execution, delivery or effectiveness
of the Amendment Agreement shall extinguish the obligations for the payment of money outstanding under the Existing Credit Agreement, the Existing Collateral Agreement or discharge or release the Lien or priority of any Security Document or any
other security therefor. Nothing herein contained shall be construed as a substitution or novation of the obligations outstanding under the Existing Credit Agreement, the Existing Collateral Agreement or instruments securing the same, which shall
remain in full force and effect, except to any extent modified hereby or by instruments executed concurrently herewith. Nothing implied in this Agreement, the Amendment Agreement or in any other document contemplated hereby or thereby shall be
construed as a release or other discharge of Holdings, any Borrower or any Subsidiary Party under any Security Document from any of its obligations and liabilities as “Holdings”, a “Borrower”, the “U.S. Borrower”, the
“Canadian Borrower”, the “Dutch Borrower”, the “U.K. Borrowers”, a “Subsidiary Loan Party”, a “Pledgor”, a “Guarantor” or a “Grantor” under the Existing Credit Agreement, the
Existing Collateral Agreement or the other Security Documents. Each of the Existing Credit Agreement, the Existing Collateral Agreement and the other Security Documents shall remain in full force and effect, until (as applicable) and except to any
extent modified hereby or by the Amendment Agreement or in connection herewith and therewith. 
 SECTION 3.10.
Limitation. With respect to any Foreign Security Documents and any Foreign Pledge Agreements, notwithstanding anything herein to the contrary, the terms and provisions of this agreement shall apply only to the extent permitted under the
governing law of the applicable Foreign Security Document or Foreign Pledge Agreement. If any provision of

  

 7 

 
this Agreement limits, qualifies or conflicts with a provision of any Foreign Security Document or Foreign Pledge Agreement set forth on Schedule I hereto, the applicable provision of such
Foreign Security Document or Foreign Pledge Agreement shall govern. 
 * * * * * 
  

 8 

 Schedule I 
 None. 
  

 S-1 

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

					
	HEXION LLC,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS, INC.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS CANADA, INC.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS B.V.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	BORDEN CHEMICAL UK LIMITED,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:

  

 S-1 

					
	HEXION SPECIALTY CHEMICALS UK LIMITED (f/k/a Borden Chemical GB Limited),
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	BORDEN CHEMICAL FOUNDRY, LLC,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	BORDEN CHEMICAL INVESTMENTS, INC.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION U.S. FINANCE CORP.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HSC CAPITAL CORPORATION,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	LAWTER INTERNATIONAL INC.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:

  

 S-2 

					
	BORDEN CHEMICAL INTERNATIONAL, INC.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	OILFIELD TECHNOLOGY GROUP, INC.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION CI HOLDING COMPANY (CHINA) LLC,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	BORDEN INTERNATIONAL HOLDINGS LIMITED,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	BORDEN CHEMICAL FINANCE LIMITED,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:

  

 S-3 

					
	HEXION NOVA SCOTIA FINANCE, ULC, f/k/a Borden Nova Scotia Finance, ULC,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS WESSELING GMBH, f/k/a Resolution Deutschland GmbH,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	RESOLUTION RESEARCH NEDERLAND B.V.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS STANLOW LIMITED, f/k/a Resolution (UK) Performance Products Limited,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	COMBINED COMPOSITE TECHNOLOGIES LIMITED,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:

  

 S-4 

					
	RSM EUROPE B.V.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	RESOLUTION SPECIALTY MATERIALS ROTTERDAM B.V.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	NATIONAL BORDEN CHEMICAL GERMANY GMBH,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory
 Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS CLAYTON LTD.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS LEUNA GMBH,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:

  

 S-5 

					
	HEXION SPECIALTY CHEMICALS ROTTERDAM INK B.V.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS MAASTRICHT B.V.,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION FENGKAI HOLDINGS LIMITED,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION FUNING HOLDINGS LIMITED,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION IAR HOLDINGS (HK) LIMITED,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:

  

 S-6 

					
	HEXION NANPING HOLDINGS LIMITED,
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS FINANCE B.V.
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS FOREST PRODUCTS GMBH
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS HOLDING B.V.
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS HOLDING GERMANY GMBH
			
		 	by	 	
			
		 		 	 /s/ Authorized Signatory

		 		 	Name:
		 		 	Title:

  

 S-7 

					
	NEW NIMBUS GMBH & CO. KG
			
		 	by	 	
			
		 		 	 /s/    Authorized Signatory

		 		 	Name:
		 		 	Title:
	
	HEXION SPECIALTY CHEMICALS BARBASTRO S.A.
			
		 	by	 	
			
		 		 	 /s/    Authorized Signatory

		 		 	Name:
		 		 	Title:

  

 S-8 

					
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and Collateral Agent,
			
		 	By	 	
			
		 		 	 /s/    Authorized Signatory

		 		 	Name:
		 		 	Title:

  

 S-9Indenture, dated as of January 29, 2010

 Exhibit 4.1 
  
  
  
 HEXION FINANCE ESCROW LLC

 and 
 HEXION ESCROW CORPORATION 
 as Issuers 
 $1,000,000,000 8.875% SENIOR SECURED NOTES DUE 2018 
  
  
 INDENTURE

 Dated as of January 29, 2010 
  
  
 WILMINGTON TRUST
FSB, 
 as Trustee 
  
  
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
		  	ARTICLE 1	  	
		  	DEFINITIONS AND INCORPORATION BY REFERENCE	  	
			
	 SECTION 1.01.
	  	Definitions	  	1
			
	 SECTION 1.02.
	  	Other Definitions	  	35
			
	 SECTION 1.03.
	  	Incorporation by Reference of Trust Indenture Act	  	36
			
	 SECTION 1.04.
	  	Rules of Construction	  	36
			
		  	ARTICLE 2	  	
		  	THE NOTES	  	
			
	 SECTION 2.01.
	  	Amount of Notes	  	37
			
	 SECTION 2.02.
	  	Form and Dating	  	38
			
	 SECTION 2.03.
	  	Execution and Authentication	  	39
			
	 SECTION 2.04.
	  	Registrar and Paying Agent	  	39
			
	 SECTION 2.05.
	  	Paying Agent to Hold Money in Trust	  	40
			
	 SECTION 2.06.
	  	Holder Lists	  	40
			
	 SECTION 2.07.
	  	Transfer and Exchange	  	40
			
	 SECTION 2.08.
	  	Replacement Notes	  	41
			
	 SECTION 2.09.
	  	Outstanding Notes	  	42
			
	 SECTION 2.10.
	  	Temporary Notes	  	42
			
	 SECTION 2.11.
	  	Cancellation	  	42
			
	 SECTION 2.12.
	  	Defaulted Interest	  	42
			
	 SECTION 2.13.
	  	CUSIP Numbers, ISINs, etc.	  	43
			
	 SECTION 2.14.
	  	Calculation of Principal Amount of Notes	  	43
			
		  	ARTICLE 3	  	
		  	REDEMPTION	  	
			
	 SECTION 3.01.
	  	Redemption	  	43
			
	 SECTION 3.02.
	  	Applicability of Article	  	43
			
	 SECTION 3.03.
	  	Notices to Trustee	  	43
			
	 SECTION 3.04.
	  	Selection of Notes to Be Redeemed	  	44
			
	 SECTION 3.05.
	  	Notice of Optional Redemption	  	44
			
	 SECTION 3.06.
	  	Effect of Notice of Redemption	  	45
			
	 SECTION 3.07.
	  	Deposit of Redemption Price	  	45

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 SECTION 3.08.
	  	Notes Redeemed in Part	  	45
			
	 SECTION 3.09.
	  	Redemption for Changes in Withholding Taxes	  	45
			
		  	ARTICLE 4	  	
		  	COVENANTS	  	
			
	 SECTION 4.01.
	  	Payment of Notes	  	46
			
	 SECTION 4.02.
	  	Reports and Other Information	  	47
			
	 SECTION 4.03.
	  	Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock and Preferred Stock	  	49
			
	 SECTION 4.04.
	  	Limitation on Restricted Payments	  	54
			
	 SECTION 4.05.
	  	Dividend and Other Payment Restrictions Affecting Subsidiaries	  	62
			
	 SECTION 4.06.
	  	Asset Sales	  	64
			
	 SECTION 4.07.
	  	Transactions with Affiliates	  	67
			
	 SECTION 4.08.
	  	Change of Control	  	69
			
	 SECTION 4.09.
	  	Compliance Certificate	  	71
			
	 SECTION 4.10.
	  	Further Instruments and Acts	  	71
			
	 SECTION 4.11.
	  	Future Guarantors	  	71
			
	 SECTION 4.12.
	  	Liens	  	72
			
	 SECTION 4.13.
	  	Maintenance of Office or Agency	  	72
			
	 SECTION 4.14.
	  	Impairment of Security Interest	  	72
			
	 SECTION 4.15.
	  	After-Acquired Property	  	73
			
	 SECTION 4.16.
	  	Limitation on Indenture Restricted Subsidiaries	  	73
			
	 SECTION 4.17.
	  	Limitation on Issuers	  	73
			
	 SECTION 4.18.
	  	Limitation on Issuers Prior to the Issuers’ Assumption	  	74
			
		  	ARTICLE 5	  	
		  	MERGER, CONSOLIDATION OR SALE OF ALL OR SUBSTANTIALLY ALL ASSETS	  	
			
	 SECTION 5.01.
	  	Merger, Consolidation or Sale of All or Substantially All Assets	  	74
			
		  	ARTICLE 6	  	
		  	DEFAULTS AND REMEDIES	  	
			
	 SECTION 6.01.
	  	Events of Default	  	77
			
	 SECTION 6.02.
	  	Acceleration	  	79
			
	 SECTION 6.03.
	  	Other Remedies	  	79

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 SECTION 6.04.
	  	Waiver of Past Defaults	  	80
			
	 SECTION 6.05.
	  	Control by Majority	  	80
			
	 SECTION 6.06.
	  	Limitation on Suits	  	80
			
	 SECTION 6.07.
	  	Rights of the Holders to Receive Payment	  	80
			
	 SECTION 6.08.
	  	Collection Suit by Trustee	  	81
			
	 SECTION 6.09.
	  	Trustee May File Proofs of Claim	  	81
			
	 SECTION 6.10.
	  	Priorities	  	81
			
	 SECTION 6.11.
	  	Undertaking for Costs	  	81
			
	 SECTION 6.12.
	  	Waiver of Stay or Extension Laws	  	82
			
		  	ARTICLE 7	  	
		  	TRUSTEE	  	
			
	 SECTION 7.01.
	  	Duties of Trustee	  	82
			
	 SECTION 7.02.
	  	Rights of Trustee	  	83
			
	 SECTION 7.03.
	  	Individual Rights of Trustee	  	84
			
	 SECTION 7.04.
	  	Trustee’s Disclaimer	  	84
			
	 SECTION 7.05.
	  	Notice of Defaults	  	84
			
	 SECTION 7.06.
	  	Reports by Trustee to the Holders	  	84
			
	 SECTION 7.07.
	  	Compensation and Indemnity	  	85
			
	 SECTION 7.08.
	  	Replacement of Trustee	  	85
			
	 SECTION 7.09.
	  	Successor Trustee by Merger	  	86
			
	 SECTION 7.10.
	  	Eligibility; Disqualification	  	87
			
	 SECTION 7.11.
	  	Preferential Collection of Claims Against Issuers	  	87
			
		  	ARTICLE 8	  	
		  	DISCHARGE OF INDENTURE; DEFEASANCE	  	
			
	 SECTION 8.01.
	  	Discharge of Liability on Notes; Defeasance	  	87
			
	 SECTION 8.02.
	  	Conditions to Defeasance	  	88
			
	 SECTION 8.03.
	  	Application of Trust Money	  	90
			
	 SECTION 8.04.
	  	Repayment to the Issuers	  	90
			
	 SECTION 8.05.
	  	Indemnity for Government Obligations	  	90
			
	 SECTION 8.06.
	  	Reinstatement	  	90

  

 -iii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
		  	ARTICLE 9	  	
		  	AMENDMENTS AND WAIVERS	  	
			
	 SECTION 9.01.
	  	Without Consent of the Holders	  	90
			
	 SECTION 9.02.
	  	With Consent of the Holders	  	92
			
	 SECTION 9.03.
	  	Compliance with Trust Indenture Act	  	93
			
	 SECTION 9.04.
	  	Revocation and Effect of Consents and Waivers	  	93
			
	 SECTION 9.05.
	  	Notation on or Exchange of Notes	  	93
			
	 SECTION 9.06.
	  	Trustee to Sign Amendments	  	93
			
	 SECTION 9.07.
	  	Payment for Consent	  	94
			
	 SECTION 9.08.
	  	Additional Voting Terms; Calculation of Principal Amount	  	94
			
		  	ARTICLE 10	  	
		  	GUARANTEES	  	
			
	 SECTION 10.01.
	  	Guarantees	  	94
			
	 SECTION 10.02.
	  	Limitation on Liability	  	96
			
	 SECTION 10.03.
	  	Successors and Assigns	  	97
			
	 SECTION 10.04.
	  	No Waiver	  	97
			
	 SECTION 10.05.
	  	Modification	  	97
			
	 SECTION 10.06.
	  	Execution of Supplemental Indenture for Future Guarantors	  	97
			
		  	ARTICLE 11	  	
		  	SECURITY DOCUMENTS	  	
			
	 SECTION 11.01.
	  	Collateral and Security Documents	  	98
			
	 SECTION 11.02.
	  	Recordings and Opinions	  	100
			
	 SECTION 11.03.
	  	Release of Collateral	  	100
			
	 SECTION 11.04.
	  	Permitted Releases Not To Impair Lien; Trust Indenture Act Requirements	  	102
			
	 SECTION 11.05.
	  	Certificates of the Trustee	  	102
			
	 SECTION 11.06.
	  	Suits To Protect the Collateral	  	102
			
	 SECTION 11.07.
	  	Authorization of Receipt of Funds by the Trustee Under the Security Documents	  	103
			
	 SECTION 11.08.
	  	Purchaser Protected	  	103
			
	 SECTION 11.09.
	  	Powers Exercisable by Receiver or Trustee	  	103
			
	 SECTION 11.10.
	  	Release Upon Termination of the Issuers’ Obligations	  	103

  

 -iv- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 SECTION 11.11.
	  	Collateral Agent	  	103
			
	 SECTION 11.12.
	  	Designations	  	104
			
		  	ARTICLE 12	  	
		  	[INTENTIONALLY LEFT BLANK]	  	
			
		  	ARTICLE 13	  	
		  	MISCELLANEOUS	  	
			
	 SECTION 13.01.
	  	Trust Indenture Act Controls	  	105
			
	 SECTION 13.02.
	  	Notices	  	105
			
	 SECTION 13.03.
	  	Communication by the Holders with Other Holders	  	105
			
	 SECTION 13.04.
	  	Certificate and Opinion as to Conditions Precedent	  	106
			
	 SECTION 13.05.
	  	Statements Required in Certificate or Opinion	  	106
			
	 SECTION 13.06.
	  	When Notes Disregarded	  	106
			
	 SECTION 13.07.
	  	Rules by Trustee, Paying Agent and Registrar	  	106
			
	 SECTION 13.08.
	  	Legal Holidays	  	106
			
	 SECTION 13.09.
	  	GOVERNING LAW	  	107
			
	 SECTION 13.10.
	  	No Recourse Against Others	  	107
			
	 SECTION 13.11.
	  	Successors	  	107
			
	 SECTION 13.12.
	  	Multiple Originals	  	107
			
	 SECTION 13.13.
	  	Table of Contents; Headings	  	107
			
	 SECTION 13.14.
	  	Indenture Controls	  	107
			
	 SECTION 13.15.
	  	Severability	  	107
			
	 SECTION 13.16.
	  	Currency of Account; Conversion of Currency; Foreign Exchange Restrictions	  	107
			
		  	ARTICLE 14	  	
		  	ISSUERS’ ASSUMPTION	  	
			
	 SECTION 14.01.
	  	Issuers’ Assumption	  	109

  

	
	 Appendix A - Rule 144A/Regulation S/IAI Appendix

	
	 Exhibit 1 - Form of Initial Note

	
	 Exhibit A - Form of Exchange Note

	
	 Exhibit 2 - Form of Letter of Representation

	
	 Appendix B - Form of Supplemental Indenture for Future Guarantors

	
	 Appendix C - Form of Issuers’ Assumption Supplemental Indenture

  

 -v- 

 CROSS-REFERENCE TABLE 
  

					
	 TIA
Section
	  	 	  	Indenture
Section
	 310
	  	(a)(1)	  	7.10
		  	(a)(2)	  	7.10
		  	(a)(3)	  	N.A.
		  	(a)(4)	  	N.A.
		  	(b)	  	7.08; 7.10
		  	(c)	  	N.A.
	 311
	  	(a)	  	7.11
		  	(b)	  	7.11
		  	(c)	  	N.A.
	 312
	  	(a)	  	2.06
		  	(b)	  	13.03
		  	(c)	  	13.03
	 313
	  	(a)	  	7.06
		  	(b)(1)	  	N.A.
		  	(b)(2)	  	7.06
		  	(c)	  	7.06
		  	(d)	  	7.06
	 314
	  	(a)	  	4.02; 4.09
		  	(b)	  	N.A.
		  	(c)(1)	  	13.04
		  	(c)(2)	  	13.04
		  	(c)(3)	  	N.A.
		  	(d)	  	N.A.
		  	(e)	  	11.05
		  	(f)	  	4.10
	 315
	  	(a)	  	7.01
		  	(b)	  	7.05
		  	(c)	  	7.01
		  	(d)	  	7.01
		  	(e)	  	6.11
	 316
	  	(a) (last sentence)	  	13.06
		  	(a)(1)(A)	  	6.05
		  	(a)(1)(B)	  	6.04
		  	(a)(2)	  	N.A.
		  	(b)	  	6.07
	 317
	  	(a)(1)	  	6.08
		  	(a)(2)	  	6.09
		  	(b)	  	2.05
	 318
	  	(a)	  	13.01

 N.A. Means Not Applicable. 
 Note: This Cross-Reference Table shall not, for any purposes, be deemed to be part of this Indenture. 
  

 -vi- 

 INDENTURE dated as of January 29, 2010 among Hexion Finance Escrow LLC, a Delaware
limited liability company, Hexion Escrow Corporation, a Delaware corporation (each, an “Escrow Issuer”, and collectively, the “Escrow Issuers” or the “Issuers”, provided, that, for purposes of this Indenture,
after the consummation of the Issuers’ Assumption (as defined below), the references to the “Issuers” only refer to Hexion U.S. Finance Corp., a Delaware corporation, and Hexion Nova Scotia Finance, ULC, a Nova Scotia unlimited
liability company); and Wilmington Trust FSB, as trustee (the “Trustee”). 
 Each party agrees as follows for the
benefit of the other parties and for the equal and ratable benefit of the Holders of Notes issued under this Indenture. 
 ARTICLE 1 
 DEFINITIONS AND INCORPORATION BY REFERENCE 
 SECTION 1.01. Definitions. 
 “Acquired Indebtedness” means, with respect to any specified Person: 
 (1) Indebtedness of any other Person existing at the time such other Person is merged with or into or became a Restricted Subsidiary of such specified Person, and 
 (2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person, 
 in each case, other than Indebtedness Incurred as consideration in, in contemplation of, or to provide all or any portion of the funds or credit support
utilized to consummate, the transaction or series of related transactions pursuant to which such Restricted Subsidiary became a Restricted Subsidiary or was otherwise acquired by such Person, or such asset was acquired by such Person, as applicable.

 “Additional Notes” means Notes issued under the terms of this Indenture subsequent to the Issue Date. 

“Adjusted EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period
plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income: 
 (1)
Consolidated Taxes; plus 
 (2) Consolidated Interest Expense; provided, however, such amount will
be included in Adjusted EBITDA notwithstanding that such amount was not deducted in calculating Consolidated Net Income; plus 
 (3) Consolidated Non-cash Charges; plus 

 (4) the amount of management, monitoring, consulting and advisory fees and
related expenses paid to the Sponsor or its predecessor (or any accruals relating to such fees and related expenses) during such period; provided, however, that such amount shall not exceed in any four-quarter period the amount
determined in accordance with clause (iii) of Section 4.07(b); plus 
 (5) plant closure and severance
costs and charges; plus 
 (6) impairment charges, including the write-down of Investments; plus 
 (7) non-operating expenses; plus 
 (8) restructuring expenses and charges; plus 
 (9) the cost (or amortization of prior service cost) of subsidizing coverage for persons affected by amendments to medical
benefit plans implemented prior to the Issue Date; provided, however, such amount will be included in Adjusted EBITDA notwithstanding that such amount was not deducted in calculating Consolidated Net Income; 
 less, without duplication, 
 (10) non-cash items increasing Consolidated Net Income for such period (excluding any items which represent the reversal of any accrual of, or cash reserve for, anticipated cash charges in any prior period, including the amortization of
employee benefit plan prior service costs); minus 
 (11) non-operating income. 
 “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” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”),
as used with respect to any Person, means 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. 
 “Applicable Premium” means, with respect to any Note on any applicable redemption date, the greater of:

 (1) 1.0% of the then outstanding principal amount of such Note; and 
 (2) the excess of: 
 (A) the present value at such redemption date of the sum of (i) the redemption price of such Note at February 1, 2014 (such redemption price being set forth in Paragraph 5 of such Note)
plus (ii) all required interest payments due on the Note through February 1, 2014 (excluding accrued but unpaid interest), such present value to be computed using a discount rate equal to the Treasury Rate as of such redemption date plus
50 basis points; over 
  

 2 

 (B) the then outstanding principal amount of such Note. 
 “Asset Sale” means: 
 (1) the sale, conveyance, transfer or other disposition (whether in a single transaction or a series of related transactions) of assets (including by way of a Sale/Leaseback Transaction) of Holdings or
any Restricted Subsidiary of Holdings other than in the ordinary course of business (each referred to in this definition as a “disposition”) or 
 (2) the issuance or sale of Equity Interests of any Restricted Subsidiary (other than to Holdings or another Restricted Subsidiary of Holdings other than directors’ or other legally required
qualifying shares) (whether in a single transaction or a series of related transactions), 
 in each case other than: 
 (a) a disposition of Cash Equivalents or Investment Grade Securities; 
 (b) disposition of obsolete, damaged or worn out equipment or disposals of equipment in connection with reinvestment in or
replacement of equipment, in each case, in the ordinary course of business; 
 (c) the disposition of all or
substantially all of the assets of Holdings in a manner permitted pursuant to Section 5.01(a) or any disposition that constitutes a Change of Control; 
 (d) any Restricted Payment or Permitted Investment that is permitted to be made, and is made, under Section 4.04; 
 (e) any disposition of assets or issuance or sale of Equity Interests of any Restricted Subsidiary, which disposition or
issuance has an aggregate Fair Market Value of less than $5 million; 
 (f) any disposition of assets to
Holdings or any Restricted Subsidiary of Holdings, including by way of merger; 
 (g) any exchange of assets for
assets related to a Similar Business to the extent of comparable or better market value, as determined in good faith by Holdings, which in the event of an exchange of assets with a Fair Market Value in excess of (1) $4 million shall be
evidenced by an Officers’ Certificate, and (2) $15 million shall be set forth in a resolution approved in good faith by at least a majority of the Board of Directors of Holdings; 
  

 3 

 (h) any disposition of assets received by Holdings or any of its Restricted
Subsidiaries upon the foreclosure on a Lien; 
 (i) any disposition of Equity Interests in, or Indebtedness or
other securities of, an Unrestricted Subsidiary; 
 (j) any disposition of inventory in the ordinary course of
business; 
 (k) the lease, assignment or sublease of any real or personal property in the ordinary course of
business; 
 (l) any disposition of accounts receivable and related assets of the type specified in the
definition of “Receivables Financing” to a Receivables Subsidiary in a Qualified Receivables Financing or in factoring or similar transactions; 
 (m) a transfer of accounts receivable and related assets of the type specified in the definition of “Receivables Financing” (or a fractional undivided interest therein) by a Receivables
Subsidiary in a Qualified Receivables Financing; 
 (n) any agreement or arrangement involving, relating to or
otherwise facilitating, (i) requirements contracts, (ii) tolling arrangements or (iii) the reservation or presale of production capacity of Holdings or any of its Restricted Subsidiaries by one or more third parties; 
 (o) sales or grants of licenses or sublicenses to use Holdings’ or any of its Restricted Subsidiaries patents, trade
secrets, know-how and technology to the extent that such license does not prohibit the licensor from using the patent, trade secret, know-how or technology; and 
 (p) any Sale/Leaseback Transaction pursuant to which Holdings or any Restricted Subsidiaries receives with respect to such
transaction aggregate consideration of less than $15 million. 
 “Bank Indebtedness” means any and all amounts
payable under or in respect of any Credit Agreement or the other Senior Credit Documents as amended, restated, supplemented, waived, replaced, restructured, repaid, refunded, refinanced or otherwise modified from time to time (including after
termination of the Credit Agreement), including principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to Holdings whether or not a claim for post-filing
interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, guarantees and all other amounts payable thereunder or in respect thereof. 
 “Board of Directors” means as to any Person, the board of directors or managers, as applicable, of such Person (or, if such Person is a partnership, the board of directors or other governing
body of the general partner of such Person) or any duly authorized committee thereof. 
  

 4 

 “Business Day” means each day which is not a Legal Holiday. 
 “Canadian Issuer” means Hexion Nova Scotia Finance, ULC, a Nova Scotia unlimited liability company, and any successor in interest
thereto. 
 “Capital Stock” means: 
 (1) in the case of a corporation, corporate stock; 
 (2) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (3) in the case of a partnership or limited liability
company, partnership or membership interests (whether general or limited); and 
 (4) 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. 
 “Capitalized Lease Obligation” means, at the time any determination thereof is to be made, the amount of the liability in respect of a capital lease that would at such time be required to be
capitalized and reflected as a liability on a balance sheet (excluding the footnotes thereto) in accordance with GAAP. 
 “Cash Contribution Amount” means the aggregate amount of cash contributions made to the capital of Holdings described in the definition of “Contribution Indebtedness.” 
 “Cash Equivalents” means: 
 (1) U.S. dollars, pounds sterling, euros, or, in the case of any Foreign Subsidiary that is a Restricted Subsidiary, such local currencies held by it from time to time in the ordinary course of business;

 (2) securities issued or directly and fully guaranteed or insured by the government of, or any agency or
instrumentality thereof, the United States of America, Australia, Great Britain, Canada, the Netherlands or any other member state of the European Union, in each case with maturities not exceeding two years after the date of acquisition; 

(3) in the case of any Foreign Subsidiary, securities issued or directly and fully guaranteed or insured by the government
of, or any agency or instrumentality thereof, Malaysia or Brazil, in each case with maturities not exceeding 270 days after the date of acquisition and held by it from time to time in the ordinary course of business; 
 (4) certificates of deposit, time deposits and eurodollar time deposits with maturities of one year or less from the date of
acquisition, bankers’ acceptances, in each case with maturities not exceeding one year and overnight bank deposits and demand

  

 5 

 
deposits (in their respective local currencies), in each case with any commercial bank having capital and surplus in excess of $500 million or the foreign currency equivalent thereof and
whose long-term debt is rated “A” or the equivalent thereof by Moody’s or S&P (or, in the case of an obligor domiciled outside of the United States, reasonably equivalent ratings of another internationally recognized credit rating
agency); 
 (5) repurchase obligations for underlying securities of the types described in clauses (2) and
(4) above entered into with any financial institution meeting the qualifications specified in clause (4) above; 
 (6) commercial paper issued by a corporation (other than an Affiliate of Holdings) rated at least “A-1” or the equivalent thereof by Moody’s or S&P (or, in the case of an obligor
domiciled outside of the United States, reasonably equivalent ratings of another internationally recognized credit rating agency) and in each case maturing within one year after the date of acquisition; 
 (7) readily marketable direct obligations issued by any state of the United States of America or any political subdivision
thereof having one of the two highest rating categories obtainable from either Moody’s or S&P in each case with maturities not exceeding two years from the date of acquisition; 
 (8) Indebtedness issued by Persons (other than the Sponsor or any of their Affiliates) with a rating of “A” or
higher from S&P or “A-2” or higher from Moody’s (or, in the case of an obligor domiciled outside of the United States, reasonably equivalent ratings of another internationally recognized credit rating agency) in each case with
maturities not exceeding two years from the date of acquisition; and 
 (9) investment funds investing at least
95% of their assets in securities of the types described in clauses (1) through (8) above. 
 “Change of
Control” means the occurrence of any of the following events: 
 (i) the sale, lease or transfer, in one or
a series of related transactions, of all or substantially all the assets of Holdings and its Subsidiaries, taken as a whole, to a Person other than any of the Permitted Holders; or 
 (ii) Holdings becomes aware (by way of a report or any other filing pursuant to Section 13(d) of the Exchange Act,
proxy, vote, written notice or otherwise) of the acquisition by any Person or group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, or any successor provision), including any group acting for the purpose of
acquiring, holding or disposing of securities (within the meaning of Rule 13d-5(b)(1) under the Exchange Act), other than any of the Permitted Holders, in a single transaction or in a related series of transactions, by way of merger,
consolidation or other business combination or purchase of beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act, or any successor provision), of more than 50% of the total voting power of the Voting Stock of Holdings;
or 
  

 6 

 (iii) individuals who on the Issue Date constituted the Board of Directors
of Holdings (together with any new directors whose election by such Board of Directors of Holdings or whose nomination for election by the shareholders of Holdings was approved by (a) a vote of a majority of the directors of Holdings then still
in office who were either directors on the Issue Date or whose election or nomination for election was previously so approved or (b) the Permitted Holders) cease for any reason to constitute a majority of the Board of Directors of Holdings then
in office. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Collateral” means all the collateral described in the Security Documents. 
 “Collateral Agent” means the Trustee in its capacity as “Collateral Agent” hereunder and under the Security Documents
and any successor thereto in such capacity. 
 “Consolidated” means, with respect to any Person, such Person
consolidated with its Restricted Subsidiaries, and shall not include any Unrestricted Subsidiary, but the interest of such Person in an Unrestricted Subsidiary shall be accounted for as an Investment. 
 “Consolidated Interest Expense” means, with respect to any Person (the “Specified Person”) for any period, the sum,
without duplication, of: 
 (1) consolidated interest expense of the Specified Person and its Restricted
Subsidiaries for such period, to the extent such expense was deducted in computing Consolidated Net Income (including amortization of original issue discount, the interest component of Capitalized Lease Obligations, and net payments and receipts (if
any) pursuant to interest rate Hedging Obligations and excluding amortization of deferred financing fees and expensing of any bridge or other financing fees); 
 (2) consolidated capitalized interest of the Specified Person and its Restricted Subsidiaries for such period, whether paid
or accrued; 
 (3) commissions, discounts, yield and other fees and charges Incurred for such period in
connection with any Receivables Financing of the Specified Person or any of its Restricted Subsidiaries which are payable to Persons other than Holdings and its Restricted Subsidiaries; 
 (4) dividends accrued for such period in respect of all Disqualified Stock of the Specified Person and any of its Restricted
Subsidiaries and all Preferred Stock (including Designated Preferred Stock) of any such Restricted Subsidiaries, in each case held by Persons other than Holdings or a Wholly Owned Subsidiary (in each such case other than (x) dividends payable
solely in Capital Stock (other than Disqualified Stock) of Holdings and (y) dividends that are payable only at such time as there are no Notes outstanding); and 
 (5) interest accruing for such period on any Indebtedness of any other Person to the extent such Indebtedness is guaranteed
by (or secured by the assets of) the Specified Person or any of its Restricted Subsidiaries; 
  

 7 

 less 
 (6) interest income of the Specified Person and its Restricted Subsidiaries for such period. 
 “Consolidated Net Income” means, with respect to any Person for any period, the aggregate Net Income of such Person and its
Restricted Subsidiaries for such period, on a consolidated basis; provided, however, that: 
 (1)
any net after-tax extraordinary nonrecurring or unusual gains or losses or income, expenses or charges (less all fees and expenses relating thereto), including any severance expenses and fees, expenses or charges related to any Equity Offering,
Permitted Investment, acquisition or Indebtedness permitted to be Incurred by this Indenture (in each case, whether or not successful), including any such fees, expenses, charges or change in control payments related to the Recapitalization, in each
case, shall be excluded; 
 (2) any increase in amortization or depreciation or any one-time non-cash charges
(such as purchased in-process research and development or capitalized manufacturing profit in inventory) resulting from purchase accounting in connection with any acquisition that is consummated after the Issue Date shall be excluded; 
 (3) the Net Income for such period shall not include the cumulative effect of a change in accounting principles during such
period; 
 (4) any net after-tax income or loss from discontinued operations and any net after-tax gains or
losses on disposal of discontinued operations shall be excluded; 
 (5) any net after-tax gains or losses or any
subsequent charges or expenses (less all fees and expenses or charges relating thereto), attributable to business dispositions or asset dispositions having occurred at any time other than in the ordinary course of business (as determined in good
faith by the Board of Directors of Holdings) shall be excluded; 
 (6) any net after-tax gains or losses
attributable to the early extinguishment of Indebtedness shall be excluded; 
 (7) the Net Income for such period
of any Person that is not a Subsidiary of such Person, or is an Unrestricted Subsidiary, or that is accounted for by the equity method of accounting, shall be included only to the extent of the amount of dividends or distributions or other payments
paid in cash (or to the extent converted into cash) to the referent Person or a Restricted Subsidiary thereof in respect of such period; 
 (8) solely for the purpose of determining the amount available for Restricted Payments under Section 4.04(a)(3)(A), the Net Income for such period of any Restricted Subsidiary shall be excluded to
the extent that the declaration or payment of dividends or similar distributions by such Restricted Subsidiary of its Net Income is not at the date of determination permitted without any prior governmental approval (which has not been

  

 8 

 
obtained) or, directly or indirectly, by the operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to
that Restricted Subsidiary or its stockholders, unless such restrictions with respect to the payment of dividends or similar distributions have been legally waived; provided, however, that the net loss of any such Restricted Subsidiary
for such period shall be included; 
 (9) an amount equal to the amount of Tax Distributions actually made to the
holders of Capital Stock of such Person or any parent company of such Person in respect of such period in accordance with Section 4.04(b)(xii) shall be included, to the extent not otherwise deducted, as though such amounts had been paid as
income taxes directly by such Person for such period; 
 (10) any non-cash impairment charges resulting from the
application of Statement of Financial Accounting Standards No. 142 shall be excluded; 
 (11) any non-cash
compensation expense realized from any deferred stock compensation plan or grants of stock appreciation or similar rights, stock options, restricted stock or other rights to officers, directors and employees of such Person or any of its Restricted
Subsidiaries shall be excluded; 
 (12) solely for purposes of calculating Adjusted EBITDA, (a) the Net
Income of any Person and its Restricted Subsidiaries shall be calculated without deducting the income attributable to, or adding the losses attributable to, the minority equity interests of third parties in any non-wholly owned Restricted Subsidiary
except to the extent of dividends declared or paid in respect of such period or any prior period on the shares of Capital Stock of such Restricted Subsidiary held by such third parties and (b) any ordinary course dividend, distribution or other
payment paid in cash and received from any Person in excess of amounts included in clause (7) above shall be included; 
 (13) non-cash gains, losses, income and expenses resulting from fair value accounting required by Statement of Financial Accounting Standards No. 133 shall be excluded; 
 (14) accruals and reserves that are established within twelve months after the Issue Date and that are so required to be
established in accordance with GAAP shall be excluded; and 
 (15) non-cash charges for deferred tax asset
valuation allowances shall be excluded; and 
 (16) any (a) severance or relocation costs or expenses,
(b) one-time non-cash compensation charges, (c) the costs and expenses after the Issue Date related to employment of terminated employees, (d) costs or expenses realized in connection with, resulting from or in anticipation of the
Recapitalization or (e) costs or expenses realized in connection with or resulting from stock appreciation or similar rights, stock options or other rights existing on the Issue Date of officers, directors and employees, in each case of such
Person or any of its Restricted Subsidiaries, shall be excluded. 
  

 9 

 Notwithstanding the foregoing, for the purpose of Section 4.04 only, there shall be
excluded from Consolidated Net Income any dividends, repayments of loans or advances or other transfers of assets from Unrestricted Subsidiaries of Holdings or a Restricted Subsidiary of Holdings to the extent such dividends, repayments or transfers
increase the amount of Restricted Payments permitted under Sections 4.04(a)(3)(D) and (E). 
 “Consolidated Non-cash
Charges” means, with respect to any Person for any period, the aggregate depreciation, amortization and other non-cash expenses of such Person and its Restricted Subsidiaries reducing Consolidated Net Income of such Person for such period on a
consolidated basis and otherwise determined in accordance with GAAP, but excluding any such charge which consists of or requires an accrual of, or cash reserve for, anticipated cash charges for any future period. 
 “Consolidated Secured Debt Ratio” means, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness of
Holdings and its Restricted Subsidiaries on the date of determination that constitutes First-Priority Lien Obligations, the Notes or Other Pari Passu Lien Obligations to (b) the aggregate amount of Adjusted EBITDA for the then most recent four
fiscal quarters for which internal financial statements of Holdings and its Restricted Subsidiaries are available in each case with such pro forma adjustments to Consolidated Total Indebtedness and Adjusted EBITDA as are consistent with the pro
forma adjustment provisions set forth in the definition of Fixed Charge Coverage Ratio; provided, however, that solely for purposes of the calculation of the Consolidated Secured Debt Ratio, in connection with the incurrence of any
Lien pursuant to clause (8) of the definition of “Permitted Liens,” Holdings or its Restricted Subsidiaries may elect, pursuant to an Officers’ Certificate delivered to the Trustee, to treat all or any portion of the commitment
under any Indebtedness (including any Bank Indebtedness) which is to be secured by such Lien as being Incurred at such time and any subsequent Incurrence of Indebtedness under such commitment shall not be deemed, for purposes of this calculation, to
be an Incurrence at such subsequent time. 
 “Consolidated Taxes” means provision for taxes based on income, profits
or capital, including state, franchise and similar taxes and any Tax Distributions taken into account in calculating Consolidated Net Income. 
 “Consolidated Total Indebtedness” means, as of any date of determination, an amount equal to the sum (without duplication) of (1) the aggregate amount of all outstanding Indebtedness of
Holdings and its Restricted Subsidiaries (excluding any undrawn letters of credit) consisting of Capitalized Lease Obligations, bankers’ acceptances, Indebtedness for borrowed money and Indebtedness in respect of the deferred purchase price of
property or services, plus (2) the aggregate amount of all outstanding Disqualified Stock of Holdings and its Restricted Subsidiaries and all Preferred Stock of Restricted Subsidiaries of Holdings, with the amount of such Disqualified Stock and
Preferred Stock equal to the greater of their respective voluntary or involuntary liquidation preferences minus (3) the lesser of (i) the unrestricted cash and marketable securities of Holdings and its Restricted Subsidiaries on such date
and (ii) $100.0 million, in each case determined on a consolidated basis in accordance with GAAP. 
  

 10 

 “Contingent Obligations” means, with respect to any Person, any obligation of such
Person guaranteeing any leases, dividends or other obligations that do not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, including,
without limitation, any obligation of such Person, whether or not contingent: 
 (1) to purchase any such primary
obligation or any property constituting direct or indirect security therefor, 
 (2) to advance or supply funds:

 (a) for the purchase or payment of any such primary obligation; or 
 (b) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency
of the primary obligor; or 
 (3) to purchase property, securities or services primarily for the purpose of
assuring the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 
 “Contribution Indebtedness” means Indebtedness of Holdings or any of its Restricted Subsidiaries that is a Guarantor in an aggregate principal amount not greater than twice the aggregate amount
of cash contributions (other than Excluded Contributions) made to the capital of Holdings by any stockholder of Holdings (other than a Restricted Subsidiary) after the Issue Date; provided, however, that: 
 (1) if the aggregate principal amount of such Contribution Indebtedness is greater than one times such cash contributions to
the capital of Holdings, the amount in excess shall be Indebtedness (other than Secured Indebtedness) with a Stated Maturity later than the Stated Maturity of any Note then outstanding; 
 (2) such Contribution Indebtedness (a) is Incurred within 180 days after the making of such cash contributions and
(b) is so designated as Contribution Indebtedness pursuant to an Officers’ Certificate on the Incurrence date thereof; and 
 (3) such cash contribution is not and has not been included in the calculation of permitted Restricted Payments under Section 4.04. 
 “Credit Agreement” means (i) the amended and restated credit agreement among Holdings, certain Subsidiaries of Holdings, the
financial institutions named therein, and JP Morgan Chase Bank, N.A., as Administrative Agent, and the other parties thereto, entered into in connection with the consummation of the Offering Transactions, as amended, restated, supplemented, waived,
replaced (whether or not upon termination, and whether with the original agents, lenders or otherwise), renewed, restructured, repaid, refunded, refinanced or otherwise modified from time to time, including any agreement or indenture or multiple
agreements and indentures extending the maturity thereof, refinancing, replacing or otherwise restructuring all or any portion of the Indebtedness under such agreement or agreements or indenture or indentures or any successor or replacement
agreement or agreements or indenture or indentures or increasing the amount loaned or issued thereunder or altering the maturity thereof and adding Restricted Subsidiaries as additional borrowers, issuers or guarantors thereunder or
(ii) whether

  

 11 

 
or not the credit agreement referred to in clause (i) remains outstanding, if designated by Holdings to be included in the definition of “Credit Agreement,” one or more
(A) debt facilities or commercial paper facilities, providing for revolving credit loans, term loans, receivables financing (including through the sale of receivables to lenders or to special purpose entities formed to borrow from lenders
against such receivables) or letters of credit, (B) debt securities, indentures or other forms of debt financing (including convertible or exchangeable debt instruments) or (C) instruments or agreements evidencing any other Indebtedness in
each case, as amended, supplemented, modified, extended, restructured, renewed, refinanced, restated, replaced or refunded in whole or in part from time to time. 
 “Default” means any event which is, or after notice or passage of time or both would be, an Event of Default. 
 “Designated Non-cash Consideration” means the Fair Market Value of non-cash consideration received by Holdings or one of its Restricted Subsidiaries in connection with an Asset Sale that is so
designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate, setting forth the basis of such valuation, less the amount of Cash Equivalents received in connection with a subsequent sale of such Designated Non-cash
Consideration. 
 “Designated Preferred Stock” means Preferred Stock of Holdings or any direct or indirect parent
company of Holdings (other than Disqualified Stock), that is issued for cash (other than to Holdings or any of its Subsidiaries or an employee stock ownership plan or trust established by Holdings or any of its Subsidiaries) and is so designated as
Designated Preferred Stock, pursuant to an Officers’ Certificate, on the issuance date thereof, the cash proceeds of which are excluded from the calculation set forth in Section 4.04(a)(3). 
 “Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which, by its terms (or by the terms of
any security into which it is convertible or for which it is redeemable or exchangeable), or upon the happening of any event: 
 (1) matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise (other than as a result of a change of control or asset sale; provided, however, that the
relevant asset sale or change of control provisions, taken as a whole, are no more favorable in any material respect to holders of such Capital Stock than the asset sale and change of control provisions applicable to the Notes and any purchase
requirement triggered thereby may not become operative until compliance with the asset sale and change of control provisions applicable to the Notes (including the purchase of any Notes tendered pursuant thereto)), 
 (2) is convertible or exchangeable for Indebtedness or Disqualified Stock of Holdings or its Restricted Subsidiaries, or

 (3) is redeemable at the option of the holder thereof, in whole or in part, 
 in each case prior to 91 days after the maturity date of the Notes; provided, however, that only the portion of Capital Stock which so
matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Stock; provided further, however, that if such
Capital Stock is issued

  

 12 

 
to any employee or to any plan for the benefit of employees of Holdings or its Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Stock
solely because it may be required to be repurchased by Holdings in order to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, death or disability; provided further, however, that
any class of Capital Stock of such Person that by its terms authorizes such Person to satisfy its obligations thereunder by delivery of Capital Stock that is not Disqualified Stock shall not be deemed to be Disqualified Stock. 
 “Domestic Subsidiary” means a Restricted Subsidiary that is not a Foreign Subsidiary. 
 “EBITDA” means Adjusted EBITDA but without giving effect to clause (9) contained therein. 
 “Equity Interests” means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt
security that is convertible into, or exchangeable for, Capital Stock). 
 “Equity Offering” means any public or
private sale after the Issue Date of common stock or Preferred Stock of Holdings or any direct or indirect parent company of Holdings, as applicable (other than Disqualified Stock), other than: 
 (1) public offerings with respect to Holdings’ or such direct or indirect parent company’s common stock registered
on Form S-8; 
 (2) any such public or private sale that constitutes an Excluded Contribution; and

 (3) any Cash Contribution Amount. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC promulgated
thereunder. 
 “Exchange Notes” means the debt securities of the Issuers issued pursuant to this Indenture in exchange
for, and in an aggregate principal amount equal to, the Initial Notes and the Additional Notes, if applicable, in compliance with the terms of a Registration Rights Agreement, and includes any Private Exchange Notes. 
 “Excluded Contributions” means the net cash proceeds received by Holdings after the Issue Date from: 
 (1) contributions to its common equity capital, and 
 (2) the sale (other than to a Subsidiary of Holdings or pursuant to any Holdings or Subsidiary management equity plan or
stock option plan or any other management or employee benefit plan or agreement) of Capital Stock (other than Disqualified Stock and Designated Preferred Stock) of Holdings, in each case designated as Excluded Contributions pursuant to an
Officers’ Certificate, the cash proceeds of which are excluded from the calculation set forth in Section 4.04(a)(3). 
  

 13 

 “Existing Debentures” means Holdings’ 7.875% Debentures due 2023, 8.375%
Sinking Fund Debentures due 2016 and 9.2% Debentures due 2021. 
 “Existing Debentures Subsidiary” means each
corporation of which Holdings, or Holdings and one or more Existing Debentures Subsidiaries, or any one or more Existing Debentures Subsidiaries, directly or indirectly own securities entitling the holders thereof to elect a majority of the
directors, either at all times or so long as there is no default or contingency which permits the holders of any other class or classes of securities to vote for the election of one or more directors. 
 “Existing Intercreditor Agent” has the meaning given to the term “Intercreditor Agent” in the Existing Intercreditor
Agreement. 
 “Existing Intercreditor Agreement” means the intercreditor agreement dated November 3, 2006 among
JPMorgan Chase Bank, N.A., as agent under the Senior Credit Documents, the trustee for the Existing Second Lien Notes (as trustee and collateral agent), Hexion U.S. Finance Corp., Hexion Nova Scotia Finance, ULC, Holdings and each Subsidiary
Guarantor (under the Existing Second Lien Notes Indenture), as it may be amended from time to time in accordance with the Indenture. 
 “Existing Notes Issue Date” means November 3, 2006. 
 “Existing Notes Offering Circular”
means the Offering Circular dated October 27, 2006, with respect to the Existing Second Lien Notes. 
 “Existing Notes
Security Documents” has the meaning given to the term “Security Documents” in the Existing Second Lien Notes Indenture. 
 “Existing Second Lien Notes” means (i) the Second-Priority Senior Secured Floating Rate Notes due 2014 and (ii) the 9 3/4% Second-Priority Senior Secured Notes due 2014 issued by Hexion
U.S. Finance Corp. and Hexion Nova Scotia Finance, ULC. 
 “Existing Second Lien Notes Indenture” means the
Indenture among Hexion U.S. Finance Corp., Hexion Nova Scotia Finance, ULC, Holdings, Wilmington Trust Company, as trustee, and the other parties thereto dated November 3, 2006 with respect to the Existing Second Lien Notes, as it may be
amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof. 
 “Existing
Trustee” means the respective party named as Trustee in the Existing Second Lien Notes Indenture until a successor replaces it and, thereafter, means the successor. 
 “Fair Market Value” means, with respect to any asset or property, the price which could be negotiated in an arm’s-length, free market transaction, for cash, between a willing seller and a
willing and able buyer, neither of whom is under undue pressure or compulsion to complete the transaction. 
  

 14 

 “First-Priority After-Acquired Property” means any property (other than the
initial collateral) of Holdings, the Issuer or any Subsidiary Guarantor that secures any Secured Bank Indebtedness. 
 “First-Priority Lien Obligations” means (i) all Secured Bank Indebtedness, (ii) all other Obligations (not constituting Indebtedness) of the Issuers, Holdings and any of Holdings’ Subsidiaries under the agreements
governing Secured Bank Indebtedness and (iii) all other Obligations of the Issuers, Holdings or any of Holdings’ Subsidiaries in respect of Hedging Obligations or Obligations in respect of cash management services in connection with
Indebtedness described in clause (i) or Obligations described in clause (ii). 
 “Fixed Charge Coverage Ratio”
means, with respect to any Person for any period, the ratio of Adjusted EBITDA of such Person for such period to the Consolidated Interest Expense of such Person for such period. In the event that Holdings or any of its Restricted Subsidiaries
Incurs or redeems any Indebtedness (other than in the case of revolving credit borrowings or revolving advances under any Qualified Receivables Financing, in which case interest expense shall be computed based upon the average daily balance of such
Indebtedness during the applicable period) or issues or redeems Preferred Stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated but prior to the event for which the calculation of the Fixed
Charge Coverage Ratio is made (the “Calculation Date”), then the Fixed Charge Coverage Ratio shall be calculated giving pro forma effect to such Incurrence or redemption of Indebtedness, or such issuance or redemption of Preferred Stock,
as if the same had occurred at the beginning of the applicable four-quarter period. 
 For purposes of making the computation
referred to above, Investments, acquisitions or dispositions of operating units of a business, mergers, consolidations, discontinued operations (as determined in accordance with GAAP), and business realignment projects and initiatives,
restructurings and reorganizations (each a “pro forma event”) that Holdings or any of its Restricted Subsidiaries has either determined to make (pursuant to a resolution adopted in good faith by a majority of the Board of Directors of
Holdings or pursuant to management directive, and, if any such pro forma event that is an investment, acquisition, disposition, merger or consolidation is to be effected pursuant to an agreement with a person other than Holdings or its Subsidiaries,
pursuant to an executed definitive agreement with such other person) or made after the Issue Date and during the four-quarter reference period or subsequent to such reference period and on or prior to or simultaneously with the Calculation Date
shall be calculated on a pro forma basis assuming that all such Investments, acquisitions or dispositions of an operating unit of a business, mergers, consolidations, discontinued operations and business realignment projects and initiatives,
restructurings and reorganizations (and the change of any associated fixed charge obligations, consolidated interest expense and the change in Adjusted EBITDA resulting therefrom) had occurred on the first day of the four-quarter reference period.
If, since the beginning of such period any Person that subsequently became a Restricted Subsidiary of Holdings or was merged with or into Holdings or any Restricted Subsidiary of Holdings since the beginning of such period shall have made any
Investment, acquisition or disposition of an operating unit of a business, merger, consolidation, discontinued operation or business realignment project or initiative, restructuring or reorganization, that would have required adjustment pursuant to
this definition, then the Fixed Charge Coverage Ratio shall

  

 15 

 
be calculated giving pro forma effect thereto for such period as if such Investment, acquisition, disposition, discontinued operation, merger, consolidation, business realignment project or
initiative, restructuring, or reorganization had occurred at the beginning of the applicable four-quarter period. 
 For
purposes of this definition, whenever pro forma effect is to be given to any pro forma event, the pro forma calculations shall be made in good faith by a responsible financial or accounting officer of Holdings. If any Indebtedness bears a floating
rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in effect on the Calculation Date had been the applicable rate for the entire period (taking into account any Hedging
Obligations applicable to such Indebtedness if such Hedging Obligation has a remaining term in excess of 12 months). Any such pro forma calculation may include adjustments appropriate, in the reasonable good faith determination of Holdings as
set forth in an Officers’ Certificate, to reflect (i) operating expense reductions, other operating improvements or synergies reasonably expected to result from the applicable pro forma event and (ii) all adjustments used in
connection with the calculation of “Adjusted EBITDA” to the extent such adjustments, without duplication, continue to be applicable to such four quarter period. 
 “Flow Through Entity” means an entity that is treated as a partnership not taxable as a corporation, a grantor trust or a disregarded entity for U.S. federal income tax purposes or subject to
treatment on a comparable basis for purposes of state, local or foreign tax law. 
 “Foreign Subsidiary” means a
Restricted Subsidiary not organized or existing under the laws of the United States of America or any state or territory thereof or the District of Columbia. 
 “GAAP” means generally accepted accounting principles set forth in (i) the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public
Accountants, (ii) statements and pronouncements of the Financial Accounting Standards Board and (iii) in such other statements by such other entity as have been approved by a significant segment of the accounting profession, in each case
which were in effect on the Existing Notes Issue Date. For the purposes of the Indenture, the term “consolidated” with respect to any Person shall mean such Person consolidated with its Restricted Subsidiaries, and shall not include any
Unrestricted Subsidiary, but the interest of such Person in an Unrestricted Subsidiary will be accounted for as an Investment. 
 “Government Obligations” means securities that are: 
 (1) direct obligations of the United
States of America for the timely payment of which its full faith and credit is pledged, or 
 (2) obligations of
a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the timely payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America,

  

 16 

 which, in each case, are not callable or redeemable at the option of the issuer thereof, and shall also
include a depository receipt issued by a bank (as defined in Section 3(a)(2) of the Securities Act) as custodian with respect to any such U.S. Government Obligations or a specific payment of principal of or interest on any such U.S. Government
Obligations held by such custodian for the account of the holder of such depository receipt; provided, however, that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the
holder of such depository receipt from any amount received by the custodian in respect of the U.S. Government Obligations or the specific payment of principal of or interest on the U.S. Government Obligations 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. 
 “Guarantee” means any guarantee of the obligations of the Issuers under this Indenture and the Notes by any Person in accordance
with the provisions of this Indenture. 
 “Guarantor” means any Person that Incurs a Guarantee with respect to the
Notes; provided, however, that upon the release or discharge of such Person from its Guarantee in accordance with this Indenture, such Person ceases to be a Guarantor. 
 “HAI” means HA-International, LLC, a Delaware limited liability company, and any successor in interest thereto. 
 “Hedging Obligations” means, with respect to any Person, the obligations of such Person under: 
 (1) currency exchange, interest rate or commodity swap agreements, currency exchange, interest rate or commodity cap
agreements and currency exchange, interest rate or commodity collar agreements; and 
 (2) other agreements or
arrangements designed to protect such Person against fluctuations in currency exchange, interest rates or commodity prices. 
 “Hexion Canada” means Hexion Specialty Chemicals Canada, Inc., a Canadian corporation, and any successor in interest thereto. 
 “Hexion Canada Entities” means (1) Hexion Canada, (2) each Person that was a Subsidiary of Hexion Canada on the Existing Notes Issue Date and (3) each Person that is a successor
in interest, directly or indirectly, to any Person described in clause (2), including pursuant to any merger, consolidation, amalgamation or transfer of all or substantially all of its assets. Any Person referenced in clause (2) or
(3) of the foregoing sentence shall be treated as a Hexion Canada Entity notwithstanding the fact that such Person is not a Subsidiary of Hexion Canada and such Person (or such Person’s direct or indirect parent entity to the extent such
parent entity’s stock is pledged as Collateral) shall not be subject to the Collateral reduction provisions described under Section 11.01(b). 
 “Holder”, “Holder”, “noteholder” or “Noteholder” means the Person in whose name a Note is registered on the Registrar’s books. 
  

 17 

 “Holdings” means Hexion Specialty Chemicals, Inc., a New Jersey corporation, and
any successor in interest thereto, including any successor thereto pursuant to Section 5.01(a). 
 “Incur” means
issue, assume, guarantee, incur or otherwise become liable for; provided, however, that any Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Subsidiary (whether by merger, consolidation, acquisition
or otherwise) shall be deemed to be Incurred by such Person at the time it becomes a Subsidiary. 
 “Indebtedness”
means, with respect to any Person: 
 (1) the principal and premium (if any) of any indebtedness of such Person,
whether or not contingent, (a) in respect of borrowed money, (b) evidenced by bonds, notes, debentures or similar instruments or letters of credit or bankers’ acceptances (or, without duplication, reimbursement agreements in respect
thereof), (c) representing the deferred and unpaid purchase price of any property, except any such balance that constitutes a trade payable or similar obligation to a trade creditor due within six months from the date on which it is Incurred,
in each case Incurred in the ordinary course of business, which purchase price is due more than six months after the date of placing the property in service or taking delivery and title thereto, (d) in respect of Capitalized Lease Obligations,
or (e) representing any Hedging Obligations, if and to the extent that any of the foregoing indebtedness (other than letters of credit and Hedging Obligations) would appear as a liability on a balance sheet (excluding the footnotes thereto) of
such Person prepared in accordance with GAAP; 
 (2) to the extent not otherwise included, any obligation of such
Person to be liable for, or to pay, as obligor, guarantor or otherwise, on the Indebtedness of another Person (other than by endorsement of negotiable instruments for collection in the ordinary course of business); 
 (3) to the extent not otherwise included, Indebtedness of another Person secured by a Lien on any asset owned by such Person
(whether or not such Indebtedness is assumed by such Person); provided, however, that the amount of such Indebtedness will be the lesser of: (a) the Fair Market Value of such asset at such date of determination, and (b) the
amount of such Indebtedness of such other Person; and 
 (4) to the extent not otherwise included, with respect
to Holdings and its Restricted Subsidiaries, the amount then outstanding (including amounts advanced, and received by, and available for use by, Holdings or any of its Restricted Subsidiaries) under any Receivables Financing (as set forth in the
books and records of Holdings or any Restricted Subsidiary and confirmed by the agent, trustee or other representative of the institution or group providing such Receivables Financing); 
 provided, however, that Contingent Obligations incurred in the ordinary course of business shall be deemed not to constitute Indebtedness. 
 “Indenture” means this Indenture as amended or supplemented from time to time. 
  

 18 

 “Indenture Restricted Subsidiary” means any Existing Debenture Subsidiary which
owns, operates or leases one or more Principal Properties and shall not include any other Existing Debenture Subsidiary. 
 “Independent Financial Advisor” means an accounting, appraisal or investment banking firm or consultant to Persons engaged in a Similar Business, in each case of nationally recognized standing that is, in the good faith
determination of Holdings, qualified to perform the task for which it has been engaged. 
 “Initial Notes” means the
Notes issued by the Issuers on the Issue Date. 
 “Initial Purchasers” means each of the initial purchasers listed in
the Offering Circular. 
 “Interest Period” means the period commencing on and including an interest payment date and
ending on and including the day immediately preceding the next succeeding interest payment date. 
 “Investment Grade
Securities” means: 
 (1) securities issued or directly and fully guaranteed or insured by the U.S.
government or any agency or instrumentality thereof (other than Cash Equivalents) and in each case with maturities not exceeding two years from the date of acquisition, 
 (2) investments in any fund that invests exclusively in investments of the type described in clause (1) which fund may
also hold immaterial amounts of cash pending investment or distribution, and 
 (3) corresponding instruments in
countries other than the United States customarily utilized for high quality investments and in each case with maturities not exceeding two years from the date of acquisition. 
 “Investments” means, with respect to any Person, all investments by such Person in other Persons (including Affiliates) in the
form of loans (including guarantees), advances or capital contributions (excluding accounts receivable, trade credit and advances to customers and commission, travel and similar advances to officers, employees and consultants made in the ordinary
course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities issued by any other Person and investments that are required by GAAP to be classified on the balance sheet of Holdings in
the same manner as the other investments included in this definition to the extent such transactions involve the transfer of cash or other property. For purposes of the definition of “Unrestricted Subsidiary” and Section 4.04:

 (1) “Investments” shall include the portion (proportionate to Holdings’ equity interest in such
Subsidiary) of the Fair Market Value of the net assets of a Subsidiary of Holdings at the time that such Subsidiary is designated an Unrestricted Subsidiary; provided, however, that upon a redesignation of such Subsidiary as a
Restricted Subsidiary, Holdings shall be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary equal to an amount (if positive) equal to: 
 (a) Holdings’ “Investment” in such Subsidiary at the time of such redesignation less 
  

 19 

 (b) the portion (proportionate to Holdings’ equity interest in such
Subsidiary) of the Fair Market Value of the net assets of such Subsidiary at the time of such redesignation; and 
 (2) any property transferred to or from an Unrestricted Subsidiary shall be valued at its Fair Market Value at the time of such transfer, in each case as determined in good faith by the Board of Directors of Holdings. 
 “Issue Date” means January 29, 2010, the date on which the Initial Notes are issued. 
 “Issuers’ Assumption” means the consummation of the transactions whereby Hexion U.S. Finance Corp., a Delaware corporation,
and Hexion Nova Scotia Finance , ULC, a Nova Scotia unlimited liability company, will assume all of the obligations of the Escrow Issuers under the Notes and this Indenture pursuant to a supplemental indenture and other agreements as set forth in
Article 14 hereof. 
 “Junior Lien Obligations” means the Existing Second Lien Notes and Obligations with respect to
other Indebtedness permitted to be incurred under the Existing Second Lien Notes Indenture, the Credit Agreement and this Indenture, as applicable, which is by its terms intended to be secured equally and ratably with the Existing Second Lien Notes
or on a basis junior to the Liens securing the Existing Second Lien Notes; provided such Lien is permitted to be incurred under the Existing Second Lien Notes Indenture, the Credit Agreement and this Indenture. 
 “Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions are not required to be open in the State of New
York. 
 “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 other agreement to 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); provided, however, that in no event shall an operating lease be deemed
to constitute a Lien. 
 “Management Group” means all of the individuals consisting of the directors, executive
officers and other management personnel of Holdings or any direct or indirect parent company of Holdings, as the case may be, on the Issue Date together with (1) any new directors whose election by such boards of directors or whose nomination
for election by the shareholders of Holdings or any direct or indirect parent company of Holdings, as the case may be, as applicable, was approved by (x) a vote of a majority of the directors of Holdings or any direct or indirect parent of
Holdings as applicable, then still in office who were either directors on the Issue Date or whose election or nomination was previously so approved or (y) the Permitted Holders and (2) executive officers and other management personnel of
Holdings or any direct or indirect parent company of Holdings, as the case may be, as applicable, hired at a time when the directors on the Issue Date together with the directors so approved constituted a majority of the directors of Holdings or any
direct or indirect parent company of Holdings, as the case may be, as applicable. 
  

 20 

 “Moody’s” means Moody’s Investors Service, Inc. or any successor to the
rating agency business thereof. 
 “Net Income” means, with respect to any Person, the net income (loss) of such
Person, determined in accordance with GAAP and before any reduction in respect of Preferred Stock dividends. 
 “Net
Proceeds” means the aggregate cash proceeds received by Holdings or any of its Restricted Subsidiaries in respect of any Asset Sale (including any cash received in respect of or upon the sale or other disposition of any Designated Non-cash
Consideration received in any Asset Sale and any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as and when received, but excluding the assumption by the acquiring
Person of Indebtedness relating to the disposed assets or other consideration received in any other non-cash form), net of the direct costs relating to such Asset Sale and the sale or disposition of such Designated Non-cash Consideration (including
legal, accounting and investment banking fees, and brokerage and sales commissions), and any relocation expenses Incurred as a result thereof, taxes paid or payable as a result thereof, amounts required to be applied to the repayment of principal,
premium (if any) and interest on Indebtedness (other than the Notes, Other Pari Passu Lien Obligations and Junior Lien Obligations) required (other than pursuant to Section 4.06(b)) to be paid as a result of such transaction, and any deduction
of appropriate amounts to be provided by Holdings as a reserve in accordance with GAAP against any liabilities associated with the asset disposed of in such transaction and retained by Holdings after such sale or other disposition thereof,
including, without limitation, pension and other post-employment benefit liabilities and liabilities related to environmental matters or against any indemnification obligations associated with such transaction. 
 “New Intercreditor Agent” has the meaning given to the term “Intercreditor Agent” in the New Intercreditor Agreement.

 “New Intercreditor Agreement” means the intercreditor agreement dated as of January 29, 2010 among JPMorgan
Chase Bank, N.A., as agent under the Senior Credit Documents, the Trustee for the Notes (as trustee and collateral agent), Hexion U.S. Finance Corp., Hexion Nova Scotia Finance, ULC, Holdings and each Subsidiary Guarantor, as it may be amended from
time to time in accordance with the Indenture. 
 “Notes” means the Initial Notes and any Additional Notes and
Exchange Notes issued pursuant to this Indenture, in each case, in the forms set forth in Appendix A. 
 “Obligations” means any principal, interest, penalties, fees, indemnifications, reimbursements (including, without limitation, reimbursement obligations with respect to letters of credit and bankers’ acceptances), damages and
other liabilities payable under the documentation governing any Indebtedness; provided, however, that Obligations with respect to the Notes shall not include fees or indemnifications in favor of the Trustee and other third parties
other than the Holders of the Notes. 
  

 21 

 “Off-Balance Sheet Financing Amount” means, at any date, with respect to any
Qualified Receivables Financing, the face or notional amount of any interest in assets of the type described in the definition of the term Qualified Receivables Financing transferred to a Receivables Subsidiary in connection with such Qualified
Receivables Financing by or on behalf of Holdings or any of its Subsidiaries. 
 “Offering Circular” means the
Offering Circular dated January 14, 2010, with respect to the Notes. 
 “Offering Transactions” refers
collectively to (1) the offering of the Notes, (2) the Issuers’ Assumption, (3) the Bank Amendment (as defined in the Offering Circular) and (4) the use of the gross proceeds of the Offering of the Notes as described in
further detail under the heading “Use of Proceeds” in the Offering Circular. 
 “Officer” means the Chairman
of the Board, Chief Executive Officer, President, any Executive Vice President, Senior Vice President or Vice President, the Treasurer or the Secretary of Holdings. 
 “Officers’ Certificate” means a certificate signed on behalf of Holdings by two Officers of Holdings, one of whom must be the principal executive officer, the principal financial officer,
the treasurer or the principal accounting officer of Holdings, that meets the requirements set forth in this Indenture. 
 “Opinion of Counsel” means a written opinion from legal counsel who is acceptable to the Trustee. The counsel may be an employee of or counsel to Holdings or the Trustee. 
 “Other Pari Passu Lien Obligations” means Obligations with respect to other Indebtedness permitted to be incurred under this
Indenture and the Credit Agreement, as applicable, which is by its terms intended to be secured equally and ratably with the Notes; provided such Lien is permitted to be incurred under this Indenture and the Credit Agreement. 
 “Pari Passu Indebtedness” means: 
 (1) with respect to the Issuers, the Notes and any Indebtedness which ranks pari passu in right of payment to the Notes; and 
 (2) with respect to any Guarantor, its Guarantee and any Indebtedness which ranks pari passu in right of payment to such
Guarantor’s Guarantee; which Indebtedness, in each case, is secured by a Lien on the Collateral having the same or higher priority as the Liens securing the Notes. 
 “Permitted Holders” means, at any time, each of (i) the Sponsor and (ii) the Management Group. Any person or group whose acquisition of beneficial ownership constitutes a Change of
Control in respect of which a Change of Control Offer is made in accordance with the requirements of the Indenture will thereafter, together with its Affiliates, constitute an additional Permitted Holder. 
  

 22 

 “Permitted Investment” means: 
 (1) any Investment in Holdings or any Restricted Subsidiary of Holdings; 
 (2) any Investment in Cash Equivalents or Investment Grade Securities; 
 (3) any Investment by Holdings or any Restricted Subsidiary of Holdings in a Person that is primarily engaged, directly or
indirectly, in a Similar Business if as a result of such Investment (a) such Person becomes a Restricted Subsidiary of Holdings, or (b) such Person, in one transaction or a series of related transactions, is merged, consolidated or
amalgamated with or into, or transfers or conveys all or substantially all of its assets to, or is liquidated into, Holdings or a Restricted Subsidiary of Holdings; 
 (4) any Investment in securities or other assets not constituting Cash Equivalents and received in connection with an Asset
Sale made pursuant to the provisions of Section 4.06 or any other disposition of assets not constituting an Asset Sale; 
 (5) any Investment existing on the Existing Notes Issue Date; 
 (6)
advances to employees not in excess of $15 million outstanding at any one time in the aggregate; 
 (7) any
Investment acquired by Holdings or any of its Restricted Subsidiaries (a) in exchange for any other Investment or accounts receivable or claims held by Holdings or any such Restricted Subsidiary in connection with or as a result of a
bankruptcy, workout, reorganization or recapitalization of the issuer of such other Investment or accounts receivable, or (b) as a result of a foreclosure by Holdings or any of its Restricted Subsidiaries with respect to any secured Investment
or other transfer of title with respect to any secured Investment in default; 
 (8) Hedging Obligations
permitted under Section 4.03(b)(x); 
 (9) any Investment by Holdings or any of its Restricted Subsidiaries
in a Similar Business (other than an Investment in an Unrestricted Subsidiary) having an aggregate Fair Market Value, taken together with all other Investments made pursuant to this clause (9), not to exceed $75 million (with the Fair
Market Value of each Investment being measured at the time made and without giving effect to subsequent changes in value); provided, however, that if any Investment pursuant to this clause (9) is made in any Person that is not a
Restricted Subsidiary of Holdings at the date of the making of such Investment and such Person becomes a Restricted Subsidiary of Holdings after such date, such Investment shall thereafter be deemed to have been made pursuant to clause (1)
above and shall cease to have been made pursuant to this clause (9) for so long as such Person continues to be a Restricted Subsidiary; 
  

 23 

 (10) additional Investments by Holdings or any of its Restricted
Subsidiaries having an aggregate Fair Market Value, taken together with all other Investments made pursuant to this clause (10) that are at the time outstanding, not to exceed the greater of (a) $150 million and (b) 4.5% of Total
Assets at the time of such Investment (with the Fair Market Value of each Investment being measured at the time made and without giving effect to subsequent changes in value); 
 (11) loans and advances to officers, directors and employees for business-related travel expenses, moving expenses and other
similar expenses, in each case Incurred in the ordinary course of business; 
 (12) Investments the payment for
which consists of Equity Interests (other than Disqualified Stock) of Holdings or any direct or indirect parent company of Holdings, as applicable; provided, however, that such Equity Interests will not increase the amount available
for Restricted Payments under Section 4.04(a)(3); 
 (13) any transaction to the extent it constitutes an
Investment that is permitted by and made in accordance with the provisions of Section 4.07(b) (except transactions described in clauses (ii), (vi), (vii) and (xi) of such Section); 
 (14) Investments consisting of the licensing or contribution of intellectual property pursuant to joint marketing
arrangements with other Persons; 
 (15) guarantees issued in accordance with Sections 4.03 and 4.11;

 (16) any Investment by Restricted Subsidiaries of Holdings in other Restricted Subsidiaries of Holdings and
Investments by Subsidiaries that are not Restricted Subsidiaries in other Subsidiaries that are not Restricted Subsidiaries of Holdings; 
 (17) Investments consisting of purchases and acquisitions of real estate, inventory, supplies, materials and equipment or purchases of contract rights or licenses or leases of intellectual property, in
each case in the ordinary course of business; 
 (18) any Investment in a Receivables Subsidiary or any
Investment by a Receivables Subsidiary in any other Person in connection with a Qualified Receivables Financing, including Investments of funds held in accounts permitted or required by the arrangements governing such Qualified Receivables Financing
or any related Indebtedness; provided, however, that any Investment in a Receivables Subsidiary is in the form of a Purchase Money Note, contribution of additional receivables or an equity interest; 
 (19) Investments resulting from the receipt of non-cash consideration in an Asset Sale received in compliance with
Section 4.06; and 
 (20) additional Investments in joint ventures of Holdings or any of its Restricted
Subsidiaries existing on the Issue Date in an aggregate amount not to exceed $15 million. 
  

 24 

 “Permitted Liens” means, with respect to any Person: 
 (1) pledges or deposits by such Person under workmen’s compensation laws, unemployment insurance laws or similar
legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Indebtedness) or leases to which such Person is a party, or deposits to secure public or statutory obligations of such Person or deposits
of cash or U.S. government bonds to secure surety or appeal bonds to which such Person is a party, or deposits as security for contested taxes or import duties or for the payment of rent, in each case Incurred in the ordinary course of business;

 (2) Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ Liens, in each case
for sums not yet due or being contested in good faith by appropriate proceedings or other Liens arising out of judgments or awards against such Person with respect to which such Person shall then be proceeding with an appeal or other proceedings for
review; 
 (3) Liens for taxes, assessments or other governmental charges not yet due or payable or subject to
penalties for nonpayment or which are being contested in good faith by appropriate proceedings; 
 (4) Liens in
favor of issuers of performance and surety bonds or bid bonds or with respect to other regulatory requirements or letters of credit (or deposits to secure letters of credit or surety bonds for the same purpose) issued pursuant to the request of and
for the account of such Person in the ordinary course of its business; 
 (5) minor survey exceptions, minor
encumbrances, easements or reservations of, or rights of others for, licenses, rights-of-way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning or other restrictions as to the use of real properties or Liens
incidental to the conduct of the business of such Person or to the ownership of its properties which were not Incurred in connection with Indebtedness and which do not in the aggregate materially adversely affect the value of said properties or
materially impair their use in the operation of the business of such Person; 
 (6) Liens securing Indebtedness
(including Capitalized Lease Obligations) Incurred to finance the purchase, lease or improvement of property (real or personal) or equipment (whether through the direct purchase of assets or Capital Stock of any Person owning such assets, where such
Person has no other material assets) of such Person; provided, however, that the Lien may not extend to any other property owned by such Person or any of its Restricted Subsidiaries at the time the Lien is Incurred (other than assets
and property affixed or appurtenant thereto and except for customary cross collateral arrangements with respect to property or equipment financed by the same financing source pursuant to the same financing scheme), and the Indebtedness (other than
any interest thereon) secured by the Lien may not be Incurred more than 180 days after the latest of the (i) acquisition of the property subject to the Lien, (ii) completion of construction, repair, improvement or addition of the
property subject to the Lien and (iii) commencement of full operation of the property subject to the Lien; 
  

 25 

 (7) Liens securing Indebtedness of a Foreign Subsidiary Incurred pursuant to
Section 4.03(a), or clause (i), (xii), (xx) (or (xiii) to the extent it guarantees any such Indebtedness) of Section 4.03(b); provided, however, that such Liens do not extend to the property or assets of
Holdings or any Domestic Subsidiary (other than a Domestic Subsidiary, that is wholly owned by one or more Foreign Subsidiaries, created to enhance the worldwide tax efficiency of Holdings and its Subsidiaries); 
 (8) Liens incurred to secure (A) the Notes (but not any Additional Notes) and the Guarantees, (B) Indebtedness
Incurred pursuant to Section 4.03(a), or clause (i) or (xii) (or (xiii) to the extent it guarantees any such Indebtedness) of Section 4.03(b), to the extent such Lien is incurred pursuant to this clause (8)(B) as
designated by Holdings; provided, however, that, other than with respect to Liens incurred to secure Indebtedness Incurred pursuant to clause (i) or (xii) (or (xiii) to the extent it guarantees such Indebtedness) of
Section 4.03(b), at the time of incurrence and after giving pro forma effect thereto, (i) in the case of Other Pari Passu Lien Obligations or in any other case not subject to clause (ii), the Consolidated Secured Debt Ratio would be no
greater than 5.5 to 1.0 and (ii) in the case of First-Priority Lien Obligations, the Consolidated Secured Debt Ratio (excluding the Notes and Other Pari Passu Lien Obligations from such calculation) would be no greater than 3.5 to 1.0;
provided further, however, that the immediately preceding proviso shall not apply to any Lien which is deemed to be incurred under this clause (8)(B) by reason of the second proviso to clause (20) below (except to the
extent such Lien also secures Indebtedness in addition to the Indebtedness permitted to be secured thereby under clause (20)) and (C) Junior Lien Obligations; provided that, in the case of clause (C), if the Liens are not on
Collateral, a Lien on such asset is granted to secure the Notes or applicable Guarantee; 
 (9) Liens existing on
the Issue Date (other than Liens described in clause (8) above); 
 (10) Liens on property or shares of
stock of a Person at the time such Person becomes a Subsidiary; provided, however, such Liens are not created or Incurred in connection with, or in contemplation of, such other Person becoming such a Subsidiary; provided
further, however, that such Liens may not extend to any other property owned by Holdings or any Restricted Subsidiary of Holdings; 
 (11) Liens on property at the time Holdings or a Restricted Subsidiary of Holdings acquired the property, including any acquisition by means of a merger or consolidation with or into Holdings or any
Restricted Subsidiary of Holdings; provided, however, that such Liens (other than Liens to secure Indebtedness Incurred pursuant to clause (xv) of Section 4.03(b)) are not created or Incurred in connection with, or in
contemplation of, such acquisition; provided further, however, that (other than Liens to secure Indebtedness Incurred pursuant to clause (xv) of Section 4.03(b)) the Liens may not extend to any other property owned by
Holdings or any Restricted Subsidiary of Holdings; 
  

 26 

 (12) Liens securing Indebtedness or other obligations of a Restricted
Subsidiary owing to Holdings or a Restricted Subsidiary of Holdings permitted to be Incurred in accordance with Section 4.03; 
 (13) Liens securing Hedging Obligations so long as the related Indebtedness is, and is permitted to be under the Indenture, secured by a Lien on the same property securing such Hedging Obligations;

 (14) Liens on specific items of inventory or other goods and proceeds of any Person securing such
Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 
 (15) licenses, sublicenses, leases and subleases which do not materially interfere with the ordinary conduct of the business
of Holdings or any of its Restricted Subsidiaries; 
 (16) Liens arising from Uniform Commercial Code financing
statement filings regarding operating leases entered into by Holdings and its Restricted Subsidiaries in the ordinary course of business; 
 (17) Liens in favor of the Issuers or any Guarantor or Liens on assets of a Restricted Subsidiary of Holdings that is not a guarantor in favor solely of another Restricted Subsidiary of Holdings that is
not a Guarantor; 
 (18) Liens on equipment of Holdings or any Restricted Subsidiary granted in the ordinary
course of business to Holdings’ or such Restricted Subsidiary’s client at which such equipment is located; 
 (19) Liens on accounts receivable and related assets of the type specified in the definition of “Receivables Financing” Incurred in connection with a Qualified Receivables Financing; 
 (20) Liens to secure any refinancing, refunding, extension or renewal (or successive refinancings, refundings, extensions or
renewals) as a whole, or in part, of any Indebtedness secured by any Lien referred to in the foregoing clauses (6), (7), (8), (9), (10) and (11); provided, however, that (x) such new Lien shall be limited to all or part
of the same property (including any after acquired property to the extent it would have been subject to the original Lien) that was subject to the original Lien (plus improvements on such property), and (y) the Indebtedness secured by such Lien
at such time is not increased to any amount greater than the sum of (A) the outstanding principal amount or, if greater, committed amount of the Indebtedness described under clauses (6), (7), (8), (9), (10) and (11) at the time
the original Lien became a Permitted Lien under the Indenture, and (B) an amount necessary to pay any fees and expenses, including premiums, related to such refinancing, refunding, extension or renewal; provided further,
however, that in the case of any Liens to secure any refinancing, refunding, extension or renewal of Indebtedness secured by a Lien referred to in clause (8)(B), the principal amount of any Indebtedness Incurred for such refinancing,
refunding, extension or

  

 27 

 
renewal shall be deemed secured by a Lien under clause (8)(B) and not this clause (20) for purposes of determining the principal amount of Indebtedness outstanding under
clause (8)(B) and for purposes of the definition of Secured Bank Indebtedness; 
 (21) judgment Liens not
giving rise to an Event of Default, so long as such Lien is adequately bonded any appropriate legal proceedings which may have been duly initiated for the review of such judgment shall not have been finally terminated or the period within which such
proceedings may be initiated shall have expired; 
 (22) Liens in favor of customs and revenue authorities
arising as a matter of law to secure payment of customs duties in connection with importation of goods; 
 (23)
Liens arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into by Holdings or any of its Restricted Subsidiaries in the ordinary course of business; 
 (24) Liens securing insurance premium financing arrangements; provided that such Lien is limited to the applicable insurance
carriers; 
 (25) Liens incurred to secure cash management services in the ordinary course of business; and

 (26) other Liens securing obligations incurred in the ordinary course of business which obligations do not
exceed $15 million at any one time outstanding. 
 Any provider of additional extensions of credit shall be entitled to
rely on the determination of an Officer that Liens incurred satisfy clause (8) above if such determination is set forth in an Officers’ Certificate delivered to such provider; provided, however, that such determination will
not affect whether such Lien actually was incurred as permitted by clause (8). 
 “Permitted Transfer” has the
meaning set forth in Section 5.01(c). 
 “Person” means any individual, corporation, partnership, limited
liability company, joint venture, association, joint-stock company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 
 “Preferred Stock” means any Equity Interest with preferential right of payment of dividends or upon liquidation, dissolution or
winding up. 
 “Presumed Tax Rate” means the highest effective marginal statutory combined U.S. federal, state and
local income tax rate prescribed for an individual residing in New York City (taking into account (i) the deductibility of state and local income taxes for U.S. federal income tax purposes, assuming the limitation of Section 68(a)(2) of
the Code applies and taking into account any impact of Section 68(f) of the Code, and (ii) the character (long-term or short-term capital gain, dividend income or other ordinary income) of the applicable income). 
  

 28 

 “Principal Property” means any single manufacturing or processing plant or
warehouse owned or leased by Holdings or any Existing Debenture Subsidiary of Holdings and located within the United States of America (excluding its territories and possessions and the Commonwealth of Puerto Rico) other than any such plant or
warehouse or portion thereof which the Board of Directors of Holdings reasonably determines not to be a Principal Property after due consideration of the materiality of such property to the business of Holdings and its Subsidiaries as a whole.

 “Purchase Money Note” means a promissory note of a Receivables Subsidiary evidencing a line of credit, which may be
irrevocable, from Holdings or any Subsidiary of Holdings to a Receivables Subsidiary in connection with a Qualified Receivables Financing, which note is intended to finance that portion of the purchase price that is not paid by cash or a
contribution of equity. 
 “Qualified Receivables Financing” means any Receivables Financing of a Receivables
Subsidiary that meets the following conditions: 
 (1) the Board of Directors of Holdings shall have determined
in good faith that such Qualified Receivables Financing (including financing terms, covenants, termination events and other provisions) is in the aggregate economically fair and reasonable to Holdings and the Receivables Subsidiary, 
 (2) all sales of accounts receivable and related assets to the Receivables Subsidiary are made at Fair Market Value (as
determined in good faith by Holdings), and 
 (3) the financing terms, covenants, termination events and other
provisions thereof shall be market terms (as determined in good faith by Holdings) and may include Standard Securitization Undertakings. 
 The grant of a security interest in any accounts receivable of Holdings or any of its Restricted Subsidiaries (other than a Receivables Subsidiary) to secure Bank Indebtedness shall not be deemed a
Qualified Receivables Financing. 
 “Recapitalization” means the Hexion Recapitalization as described in the Existing
Notes Offering Circular. 
 “Receivables Financing” means any transaction or series of transactions that may be
entered into by Holdings or any of its Subsidiaries pursuant to which Holdings or any of its Subsidiaries may sell, convey or otherwise transfer to (a) a Receivables Subsidiary (in the case of a transfer by Holdings or any of its Subsidiaries),
and (b) any other Person (in the case of a transfer by a Receivables Subsidiary), or may grant a security interest in, any accounts receivable (whether now existing or arising in the future) of Holdings or any of its Subsidiaries, and any
assets related thereto including all collateral securing such accounts receivable, all contracts and all guarantees or other obligations in respect of such accounts receivable, proceeds of such accounts receivable and other assets which are
customarily transferred or in respect of which security interests are customarily granted in connection with asset securitization transactions involving accounts receivable and any Hedging Obligations entered into by Holdings or any such Subsidiary
in connection with such accounts receivable. 
  

 29 

 “Receivables Repurchase Obligation” means any obligation of a seller of
receivables in a Qualified Receivables Financing to repurchase receivables arising as a result of a breach of a representation, warranty or covenant or otherwise, including as a result of a receivable or portion thereof becoming subject to any
asserted defense, dispute, off-set or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller. 
 “Receivables Subsidiary” means a Wholly Owned Restricted Subsidiary of Holdings (or another Person formed for the purposes of
engaging in a Qualified Receivables Financing with Holdings in which Holdings or any Subsidiary of Holdings makes an Investment and to which Holdings or any Subsidiary of Holdings transfers accounts receivable and related assets) which engages in no
activities other than in connection with the financing of accounts receivable of Holdings and its Subsidiaries, all proceeds thereof and all rights (contractual or other), collateral and other assets relating thereto, and any business or activities
incidental or related to such business, and which is designated by the Board of Directors of Holdings (as provided below) as a Receivables Subsidiary and: 
 (a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by Holdings or any other Subsidiary of Holdings (excluding guarantees of obligations
(other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates Holdings or any other Subsidiary of Holdings in any way other than pursuant to Standard
Securitization Undertakings, or (iii) subjects any property or asset of Holdings or any other Subsidiary of Holdings, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization
Undertakings, 
 (b) with which neither Holdings nor any other Subsidiary of Holdings has any material contract,
agreement, arrangement or understanding other than on terms which Holdings reasonably believes to be no less favorable to Holdings or such Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of Holdings, and

 (c) to which neither Holdings nor any other Subsidiary of Holdings has any obligation to maintain or preserve
such entity’s financial condition or cause such entity to achieve certain levels of operating results. 
 Any such
designation by the Board of Directors of Holdings shall be evidenced to the Trustee by filing with the Trustee a certified copy of the resolution of the Board of Directors of Holdings giving effect to such designation and an Officers’
Certificate certifying that such designation complied with the foregoing conditions. 
 “Registration Rights
Agreement” means (a) with respect to the Initial Notes issued on the Issue Date, the Registration Rights Agreement dated the Issue Date, among Holdings, Hexion U.S. Finance Corp., a Delaware corporation, Hexion Nova Scotia Finance, ULC, a
Nova Scotia unlimited liability company, certain other subsidiaries of Holdings and the Initial Purchasers and (b) with respect to each issuance of Additional Notes issued in a transaction exempt from the registration requirements of the
Securities Act, the registration rights agreement, if any, among the Issuers, the Guarantors and the Persons purchasing such Additional Notes under the related Purchase Agreement. 
  

 30 

 “Representative Amount” means a principal amount of not less than $1,000,000 for a
single transaction in the relevant market at the relevant time. 
 “Restricted Investment” means an Investment other
than a Permitted Investment. 
 “Restricted Subsidiary” means, with respect to any Person, any Subsidiary of such
Person other than an Unrestricted Subsidiary of such Person; provided, however, that, unless HAI would be a Subsidiary without giving effect to the specific 50% test for HAI as set forth in the definition of “Subsidiary,” HAI
will not be treated as a Restricted Subsidiary that is subject to Sections 4.03, 4.04, 4.05, 4.06, 4.07, 4.11, 4.12, 4.14 and 4.16. Unless otherwise indicated in this Indenture, all references to Restricted Subsidiaries shall mean Restricted
Subsidiaries of Holdings. 
 “S&P” means Standard & Poor’s Ratings Group or any successor to the
rating agency business thereof. 
 “Sale/Leaseback Transaction” means an arrangement relating to property now owned or
hereafter acquired by Holdings or a Restricted Subsidiary whereby Holdings or a Restricted Subsidiary transfers such property to a Person and Holdings or such Restricted Subsidiary leases it from such Person, other than leases between Holdings and a
Restricted Subsidiary of Holdings or between Restricted Subsidiaries of Holdings. 
 “SEC” means the Securities and
Exchange Commission. 
 “Secured Bank Indebtedness” means any Bank Indebtedness that is secured by a Permitted Lien
incurred or deemed incurred pursuant to clause (8)(B) of the definition of Permitted Lien; which Lien ranks senior to the Liens securing the Notes pursuant to the New Intercreditor Agreement. 
 “Secured Indebtedness” means any Indebtedness secured by a Lien. 
 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations of the SEC promulgated thereunder.

 “Security Documents” means the security agreements, pledge agreements, collateral assignments and related
agreements, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified from time to time, creating the security interests in the Collateral as contemplated by the Indenture. 
 “Senior Credit Documents” means the collective reference to the Credit Agreement, the notes issued pursuant thereto and the
guarantees thereof, and the collateral documents relating thereto, as amended, supplemented, restated, renewed, refunded, replaced, restructured, repaid, refinanced or otherwise modified from time to time. 
  

 31 

 “Significant Subsidiary” means any Restricted Subsidiary that would be a
“Significant Subsidiary” of Holdings within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC. 
 “Similar Business” means a business, the majority of whose revenues are derived from activities of Holdings and its Subsidiaries as of the Issue Date or any business or activity that is reasonably similar thereto or a reasonable
extension, development or expansion thereof or ancillary thereto. 
 “Sponsor” means Apollo Management, L.P., one or
more investment funds controlled by Apollo Management, L.P. and any of their respective Affiliates. 
 “Standard
Securitization Undertakings” means representations, warranties, covenants, indemnities and guarantees of performance entered into by Holdings or any Subsidiary of Holdings which Holdings has determined in good faith to be customary in a
Receivables Financing including those relating to the servicing of the assets of a Receivables Subsidiary, it being understood that any Receivables Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking. 
 “Stated Maturity” means, with respect to any security, the date specified in such security as the fixed date on which the final
payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing for the repurchase of such security at the option of the holder thereof upon the happening of
any contingency beyond the control of the issuer unless such contingency has occurred). 
 “Subordinated Indebtedness”
means (a) with respect to the Issuers, any Indebtedness of such Issuer which is by its terms subordinated in right of payment to the Notes, and (b) with respect to any Guarantor, any Indebtedness of such Guarantor which is by its terms
subordinated in right of payment to its Guarantee. 
 “Subsidiary” means, with respect to any Person (1) any
corporation, association or other business entity (other than a partnership, joint venture or limited liability company) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any
contingency) to vote in the election of directors, managers or trustees thereof is at the time of determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination
thereof, and (2) any partnership, joint venture or limited liability company of which (x) more than 50% (or, in the case of HAI, 50% or more) of the capital accounts, distribution rights, total equity and voting interests or general and
limited partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof, whether in the form of membership, general, special or
limited partnership interests or otherwise, and (y) such Person or any Restricted Subsidiary of such Person is a controlling general partner or otherwise controls such entity (or, in the case of HAI, such Person or any Restricted Subsidiary of
such Person has the right to designate at least 50% of the members of the board of directors of such entity). 
  

 32 

 “Subsidiary Guarantor” means any Restricted Subsidiary that Incurs a Guarantee;
provided, however, that upon the release or discharge of such Restricted Subsidiary from its Guarantee in accordance with the Indenture, such Restricted Subsidiary will cease to be a Subsidiary Guarantor. 
 “Tax Distributions” means any dividend and distributions described in Section 4.04(b)(xii). 
 “TIA” means the Trust Indenture Act of 1939 (15 U.S.C. Section 77aaa-77bbbb) as in effect on the Issue Date. 
 “Total Assets” means the total consolidated assets of Holdings and its Restricted Subsidiaries, as shown on the most recent
balance sheet of Holdings. 
 “Treasury Rate” means with respect to the Notes, as of the applicable redemption date,
the yield to maturity as of such redemption date of constant maturity United States Treasury securities (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at
least two business days prior to such redemption date (or, if such Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from such redemption date to February 1, 2014;
provided, however, that if no published maturity exactly corresponds with such date, then the Treasury Rate shall be interpolated or extrapolated on a straight-line basis from the arithmetic mean of the yields for the next shortest and
next longest published maturities; provided further, however, that if the period from such redemption date to February 1, 2014 is less than one year, the weekly average yield on actually traded United States Treasury
securities adjusted to a constant maturity of one year will be used. 
 “Trust Officer” means: 
 (1) any officer within the corporate trust department of the Trustee, including any vice president, assistant vice president,
assistant secretary, assistant treasurer, trust officer or any other officer of the Trustee who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any corporate
trust matter is referred because of such person’s knowledge of and familiarity with the particular subject, and 
 (2) who shall have direct responsibility for the administration of this Indenture. 
 “Trustee” means the
respective party named as such in this Indenture until a successor replaces it and, thereafter, means the successor. 
 “Uniform Commercial Code” means the New York Uniform Commercial Code as in effect from time to time. 
  

 33 

 “Unrestricted Subsidiary” means: 
 (1) any Subsidiary of Holdings that at the time of determination shall be designated an Unrestricted Subsidiary by the Board
of Directors of such Person in the manner provided below; and 
 (2) any Subsidiary of an Unrestricted
Subsidiary. 
 The Board of Directors of Holdings may designate any Subsidiary of Holdings (including any newly acquired or
newly formed Subsidiary of Holdings but excluding the Issuers) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on any property of, Holdings or
any other Subsidiary of Holdings that is not a Subsidiary of the Subsidiary to be so designated; provided, however, that the Subsidiary to be so designated and its Subsidiaries do not at the time of designation have and do not
thereafter Incur any Indebtedness pursuant to which the lender has recourse to any of the assets of Holdings or any of its Restricted Subsidiaries; provided, further, however, that either: 
 (a) the Subsidiary to be so designated has total consolidated assets of $1,000 or less; or 
 (b) if such Subsidiary has consolidated assets greater than $1,000, then such designation would be permitted under
Section 4.04. 
 The Board of Directors of Holdings may designate any Unrestricted Subsidiary to be a Restricted
Subsidiary; provided, however, that immediately after giving effect to such designation: 
 (x)
(1) Holdings could Incur $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.03(a) or (2) the Fixed Charge Coverage Ratio for Holdings and its Restricted Subsidiaries would be
greater than such ratio for Holdings and its Restricted Subsidiaries immediately prior to such designation, in each case on a pro forma basis taking into account such designation, and 
 (y) no Event of Default shall have occurred and be continuing. 
 Any such designation by the Board of Directors of Holdings shall be evidenced to the Trustee by promptly filing with the Trustee a copy of
the resolution of the Board of Directors of Holdings giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing provisions. 
 Notwithstanding anything to the contrary herein, and without any further condition, qualification or action hereunder, (i) each of the
Escrow Issuers shall be an Unrestricted Subsidiary (unless and until otherwise designated as a Restricted Subsidiary in accordance with the terms hereof) and (ii) subsidiaries designated as Unrestricted Subsidiaries as of the Issue Date under
the Existing Second Lien Notes Indenture will be Unrestricted Subsidiaries (which designation shall be deemed a Restricted Payment to the extent it was under the Existing Second Lien Notes Indenture). 
  

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 “Voting Stock” of any Person as of any date means the Capital Stock of such Person
that is at the time entitled to vote in the election of the Board of Directors of such Person. 
 “Weighted Average Life to
Maturity” means, when applied to any Indebtedness or Disqualified Stock, as the case may be, at any date, the quotient obtained by dividing (1) the sum of the products of the number of years from the date of determination to the date of
each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such Disqualified Stock multiplied by the amount of such payment, by (2) the sum of all such payments. 
 “Wholly Owned Restricted Subsidiary” is any Wholly Owned Subsidiary that is a Restricted Subsidiary. 
 “Wholly Owned Subsidiary” of any Person means a Subsidiary of such Person 100% of the outstanding Capital Stock or other ownership
interests of which (other than directors’ qualifying shares) shall at the time be owned by such Person or by one or more Wholly Owned Subsidiaries of such Person and one or more Wholly Owned Subsidiaries of such Person. 
 SECTION 1.02. Other Definitions. 
  

			
	 Term
	  	Defined in
Section
	 “Affiliate Transaction”
	  	4.07
	 “Additional Amounts”
	  	4.01(c)
	 “additional interest”
	  	Appendix A
	 “Asset Sale Offer”
	  	4.06(b)
	 “Bankruptcy Law”
	  	6.01
	 “Base Currency”
	  	13.16
	 “covenant defeasance option”
	  	8.01(b)
	 “Custodian”
	  	6.01
	 “Definitive Note”
	  	Appendix A
	 “Depository”
	  	Appendix A
	 “Event of Default”
	  	6.01
	 “Excess Proceeds”
	  	4.06(b)
	 “Global Note”
	  	Appendix A
	 “Global Notes Legend”
	  	Appendix A
	 “Guaranteed Obligations”
	  	10.01(a)
	 “IAI”
	  	Appendix A
	 “incorporated provision”
	  	13.01
	 “Initial Lien”
	  	4.12
	 “Initial Purchasers”
	  	Appendix A
	 “Judgment Currency”
	  	13.16
	 “legal defeasance option”
	  	8.01(b)
	 “Notes Custodian”
	  	Appendix A
	 “Notice of Default”
	  	6.01
	 “Offer Period”
	  	4.06(d)
	 “Paying Agent”
	  	2.04

  

 35 

			
	 “protected purchaser”
	  	2.08
	 “Purchase Agreement”
	  	Appendix A
	 “QIB”
	  	Appendix A
	 “Refinancing Indebtedness”
	  	4.03(b)
	 “Refunding Capital Stock”
	  	4.04(b)
	 “Registered Exchange Offer”
	  	Appendix A
	 “Registrar”
	  	2.04
	 “Regulation S”
	  	Appendix A
	 “Regulation S Global Note”
	  	Appendix A
	 “Relevant Taxing Jurisdiction”
	  	4.01(c)
	 “Restricted Notes Legend”
	  	Appendix A
	 “Restricted Payment”
	  	4.04(a)
	 “Retired Capital Stock”
	  	4.04(b)
	 “Rule 144A”
	  	Appendix A
	 “Rule 144A Global Note”
	  	Appendix A
	 “Shelf Registration Statement”
	  	Appendix A
	 “Successor Company”
	  	5.01(a)
	 “Successor Guarantor”
	  	5.01(c)
	 “Taxes”
	  	4.01(c)
	 “Transfer Restricted Notes”
	  	Appendix A
	 “Trust Moneys”
	  	12.01

 SECTION 1.03. Incorporation by Reference of Trust Indenture Act. This
Indenture incorporates by reference certain provisions of the TIA. The following TIA terms have the following meanings: 
 “Commission” means the SEC. 
 “indenture securities” means the Notes and the Guarantees.

 “indenture security holder” means a Holder. 
 “indenture to be qualified” means this Indenture. 
 “indenture trustee” or “institutional trustee” means the Trustee. 
 “obligor” on the indenture securities means the Issuers, the Guarantors and any other obligor on the Notes. 
 All other TIA terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule have the meanings assigned to them by such definitions. 
 SECTION 1.04. Rules of Construction. Unless the context otherwise requires: 
 (a) a term has the meaning assigned to it; 
  

 36 

 (b) an accounting term not otherwise defined has the meaning assigned to it in accordance
with GAAP; 
 (c) “or” is not exclusive; 
 (d) “including” means including without limitation; 
 (e) words in the singular include the plural and words in the plural include the singular; 
 (f) unsecured Indebtedness shall not be deemed to be subordinate or junior to Secured Indebtedness merely by virtue of its nature as unsecured Indebtedness; 
 (g) the principal amount of any non-interest bearing or other discount security at any date shall be the principal amount thereof that would
be shown on a balance sheet of the issuer dated such date prepared in accordance with GAAP; 
 (h) unless otherwise specified
herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP; and 
 (i) whenever in this Indenture there is mentioned, in any context, principal, interest or any other amount payable under or with respect to
any Notes, such mention shall be deemed to include mention of the payment of additional interest and Additional Amounts, to the extent that, in such context, additional interest or Additional Amounts are, were, or would be payable in respect
thereof. 
 ARTICLE 2 
 THE NOTES 
 SECTION 2.01. Amount of Notes. (a) The aggregate
principal amount of Initial Notes which may be authenticated and delivered under this Indenture on the Issue Date is $1,000,000,000. The Initial Notes and any Additional Notes may, at our election, and any Exchange Notes will be treated as a single
series and/or class of Notes for purposes of this Indenture. 
 The Issuers may from time to time after the Issue Date issue
Additional Notes under this Indenture in an unlimited principal amount, so long as (i) the Incurrence of the Indebtedness represented by such Additional Notes is at such time permitted by Sections 4.03 and 4.12 and (ii) such
Additional Notes are issued in compliance with the other applicable provisions of this Indenture. Additional Notes shall have identical terms as the Initial Notes issued on the Issue Date, other than with respect to the date of issuance and issue
price and as contemplated by clause (4) below. With respect to any Additional Notes issued after the Issue Date (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes
pursuant to Sections 2.07, 2.08, 2.09, 2.10, 3.06, 4.06(g), 4.08(c) or Appendix A), there shall be (a) established in or pursuant to a resolution of the Board of Directors of Holdings and (b) (i) set forth or determined in
the manner provided in an Officers’ Certificate or (ii) established in one or more indentures supplemental hereto, prior to the issuance of such Additional Notes: 
  

	 	(1)	the aggregate principal amount of such Additional Notes which may be authenticated and delivered under this Indenture, 

  

 37 

	 	(2)	the issue price and issuance date of such Additional Notes, including the date from which interest on the Additional Notes will accrue; 

  

	 	(3)	if applicable, that such Additional Notes shall be issuable in whole or in part in the form of one or more Global Notes and, in such case, the respective depositaries
for such Global Notes, the form of any legend or legends which shall be borne by such Global Notes in addition to or in lieu of those set forth in Appendix A hereto and any circumstances in addition to or in lieu of those set forth in
Section 2.3 of Appendix A in which any of such Global Note may be exchanged in whole or in part for Additional Notes registered, or any transfer of such Global Note in whole or in part may be registered, in the name or names of Persons
other than the depositary for such Global Note or a nominee thereof; and 

  

	 	(4)	if applicable, that such Additional Notes that are not Transfer Restricted Notes shall not be issued in the form of Initial Notes as set forth in Appendix A, but
shall be issued in the form of Exchange Notes as set forth in Appendix A. 

 If any of the terms of any
Additional Notes are established by action taken pursuant to a resolution of the Board of Directors of Holdings, a copy of an appropriate record of such action shall be certified by the Secretary or any Assistant Secretary of the Issuers and
delivered to the Trustee at or prior to the delivery of the Officers’ Certificate or the indenture supplemental hereto setting forth the terms of the Additional Notes. 
 SECTION 2.02. Form and Dating. Provisions relating to the Notes are set forth in Appendix A, which is hereby incorporated in and
expressly made a part of this Indenture. The (i) Initial Notes and the Trustee’s certificate of authentication and (ii) any Additional Notes (if issued as Transfer Restricted Notes) and the Trustee’s certificate of authentication
shall each be substantially in the form set forth in Appendix A, which is hereby incorporated in and expressly made a part of this Indenture. The (i) Exchange Notes and the Trustee’s certificate of authentication and (ii) any
Additional Exchange Notes issued other than as Transfer Restricted Notes and the Trustee’s certificate of authentication shall each be substantially in the form set forth in Appendix A, which is hereby incorporated in and expressly made a
part of this Indenture. The Notes may have notations, legends or endorsements required by law, stock exchange rule, agreements to which the Issuers or any Guarantor is subject, if any, or usage (provided that any such notation, legend or
endorsement is in a form acceptable to the Issuers). Each Note shall be dated the date of its authentication. The Notes shall be issuable only in registered form without interest coupons and only in denominations of $2,000 and any integral multiples
of $1,000, provided that Notes may be issued in denominations of less than $1,000 solely to accommodate book-entry positions that have been created by The Depository Trust Company in denominations of less than $1,000. 
  

 38 

 SECTION 2.03. Execution and Authentication. (a) The Trustee shall authenticate
and make available for delivery upon a written order of the Issuers signed by one Officer (i) Notes for original issue on the date hereof in an aggregate principal amount of $1,000,000,000, (ii) subject to the terms of this Indenture,
Additional Notes in an aggregate principal amount to be determined at the time of issuance and specified therein and (iii) the Exchange Notes for issue in a Registered Exchange Offer or Private Exchange pursuant to a Registration Rights
Agreement for a like principal amount of Initial Notes and, if applicable, any Additional Notes. Such order shall specify the amount of the Notes to be authenticated, the date on which the original issue of Notes is to be authenticated and whether
the Notes are to be Initial Notes, Additional Notes or Exchange Notes. Notwithstanding anything to the contrary in the Indenture or Appendix A, any issuance of Additional Notes after the Issue Date shall be in a principal amount of at least
$1,000. 
 (b) One Officer shall sign the Notes for the Issuers by manual signature. 
 (c) If an Officer whose signature is on a Note no longer holds that office at the time the Trustee authenticates the Note, the Note shall be
valid nevertheless. 
 (d) A Note shall not be valid until an authorized signatory of the Trustee manually signs the certificate
of authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 
 (e) The Trustee may appoint one or more authenticating agents reasonably acceptable to the Issuers to authenticate the Notes. Any such appointment shall be evidenced by an instrument signed by a Trust Officer, a copy of which shall be
furnished to the Issuers. Unless limited by the terms of such appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by
such agent. An authenticating agent has the same rights as any Registrar, Paying Agent or agent for service of notices and demands. 
 (f) The Trustee is hereby authorized to enter into a letter of representations with the Depository in the form provided by the Issuers and to act in accordance with such letter. 
 SECTION 2.04. Registrar and Paying Agent. (a) The Issuers shall maintain (i) an office or agency where Notes may be
presented for registration of transfer or for exchange (the “Registrar”), and (ii) an office or agency where Notes may be presented for payment (the “Paying Agent”). The Registrar shall keep a register of the Notes and of
their transfer and exchange. The Issuers may have one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrars. The Issuers initially appoint the Trustee as (i) Registrar, and
Paying Agent in connection with the Notes and (ii) the Custodian with respect to the Global Notes. 
 (b) The Issuers shall
enter into an appropriate agency agreement with any Registrar or Paying Agent not a party to this Indenture, which shall incorporate the terms of the TIA. The agreement shall implement the provisions of this Indenture that relate to such agent.

  

 39 

 
The Issuers shall notify the Trustee of the name and address of any such agent. If the Issuers fail to maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to
appropriate compensation therefor pursuant to Section 7.07. Holdings or any of Holdings’ domestically organized Wholly Owned Subsidiaries may act as Paying Agent or Registrar. 
 (c) The Issuers may remove any Registrar or Paying Agent upon written notice to such Registrar or Paying Agent and to the Trustee;
provided, however, that no such removal shall become effective until (i) if applicable, acceptance of an appointment by a successor as evidenced by an appropriate agreement entered into by the Issuers and such successor Registrar
or Paying Agent, as the case may be, and delivered to the Trustee or (ii) notification to the Trustee that the Trustee shall serve as Registrar or Paying Agent until the appointment of a successor in accordance with clause (i) above. The
Registrar or Paying Agent may resign at any time upon written notice to the Issuers and the Trustee; provided, however, that the Trustee may resign as Paying Agent or Registrar only if the Trustee also resigns as Trustee in accordance
with Section 7.08. 
 SECTION 2.05. Paying Agent to Hold Money in Trust. Prior to each due date of the principal of
and interest on any Note, the Issuers shall deposit with each Paying Agent (or if Holdings or a Wholly Owned Subsidiary of Holdings is acting as Paying Agent, segregate and hold in trust for the benefit of the Persons entitled thereto) a sum
sufficient to pay such principal and interest when so becoming due. The Issuers shall require each Paying Agent (other than the Trustee) to agree in writing that a Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money
held by a Paying Agent for the payment of principal of and interest on the Notes, and shall notify the Trustee of any default by the Issuers in making any such payment. If Holdings or a Wholly Owned Subsidiary of Holdings acts as Paying Agent, it
shall segregate the money held by it as Paying Agent and hold it in trust for the benefit of the Persons entitled thereto. The Issuers at any time may require a Paying Agent to pay all money held by it to the Trustee and to account for any funds
disbursed by such Paying Agent. Upon complying with this Section 2.05, a Paying Agent shall have no further liability for the money delivered to the Trustee. 
 SECTION 2.06. Holder Lists. The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders. If the Trustee
is not the Registrar, the Issuers shall furnish, or cause the Registrar to furnish, to the Trustee, in writing at least five Business Days before each interest payment date and at such other times as the Trustee may request in writing, a list in
such form and as of such date as the Trustee may reasonably require of the names and addresses of Holders. 
 SECTION 2.07.
Transfer and Exchange. (a) The Notes shall be issued in registered form and shall be transferable only upon the surrender of a Note for registration of transfer and in compliance with Appendix A. When a Note is presented to the
Registrar with a request to register a transfer, the Registrar shall register the transfer as requested if its requirements therefor are met. When Notes are presented to the Registrar with a request to exchange them for an equal principal amount of
Notes of the same series of other denominations, the Registrar shall make the exchange as requested if the same requirements are met. To permit registration of transfers and exchanges, the Issuers shall execute and the Trustee shall authenticate
Notes at the Registrar’s request. The Issuers may require payment of a sum

  

 40 

 
sufficient to pay all taxes, assessments or other governmental charges in connection with any transfer or exchange pursuant to this Section 2.07. The Issuers shall not be required to make,
and the Registrar need not register, transfers or exchanges of Notes selected for redemption (except, in the case of Notes to be redeemed in part, the portion thereof not to be redeemed) or of any Notes for a period of 15 days before a selection of
Notes to be redeemed. 
 (b) Prior to the due presentation for registration of transfer of any Note, the Issuers, the
Guarantors, the Trustee, each Paying Agent and the Registrar may deem and treat the Person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest, if any, on such Note
and for all other purposes whatsoever, whether or not such Note is overdue, and none of the Issuers, any Guarantor, the Trustee, a Paying Agent or the Registrar shall be affected by notice to the contrary. 
 (c) Any Holder of a beneficial interest in a Global Note shall, by acceptance of such beneficial interest, agree that transfers of
beneficial interests in such Global Note may be effected only through a book-entry system maintained by (a) the Holder of such Global Note (or its agent) or (b) any Holder of a beneficial interest in such Global Note, and that ownership of
a beneficial interest in such Global Note shall be required to be reflected in a book entry. 
 (d) All Notes issued upon any
transfer or exchange pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled to the same benefits under this Indenture as the Notes surrendered upon such transfer or exchange. 
 SECTION 2.08. Replacement Notes. (a) If a mutilated Note is surrendered to the Registrar or if the Holder of a Note claims that
the Note has been lost, destroyed or wrongfully taken, the Issuers shall issue and the Trustee shall authenticate a replacement Note of the same series if the requirements of Section 8-405 of the Uniform Commercial Code are met, such that the
Holder (a) satisfies the Issuers or the Trustee within a reasonable time after such Holder has notice of such loss, destruction or wrongful taking and the Registrar does not register a transfer prior to receiving such notification,
(b) makes such request to the Issuers or the Trustee prior to the Note being acquired by a protected purchaser as defined in Section 8—303 of the Uniform Commercial Code (a “protected purchaser”) and (c) satisfies any
other reasonable requirements of the Trustee. If required by the Trustee or the Issuers, such Holder shall furnish an indemnity bond sufficient in the judgment of the Trustee to protect the Issuers, the Trustee, a Paying Agent and the Registrar from
any loss that any of them may suffer if a Note is replaced. The Issuers and the Trustee may charge the Holder for their expenses in replacing a Note (including attorneys’ fees and disbursements in replacing such Note). In the event any such
mutilated, lost, destroyed or wrongfully taken Note has become or is about to become due and payable, the Issuers in their discretion may pay such Note instead of issuing a new Note in replacement thereof. 
 (b) Every replacement Note is an additional obligation of the Issuers and the Guarantors. 
 (c) The provisions of this Section 2.08 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with
respect to the replacement or payment of mutilated, lost, destroyed or wrongfully taken Notes. 
  

 41 

 SECTION 2.09. Outstanding Notes. (a) Notes outstanding at any time are all Notes
authenticated by the Trustee except for those canceled by it, those delivered to it for cancelation, those redeemed pursuant to Article 3 and those described in this Section 2.09 as not outstanding. Subject to Section 13.06, a Note
does not cease to be outstanding because the Issuers, a Guarantor or an Affiliate of the Issuers or a Guarantor holds the Note. 
 (b) If a Note is replaced pursuant to Section 2.08 (other than a mutilated Note surrendered for replacement), it ceases to be outstanding unless the Trustee and the Issuers receive proof satisfactory to them that the replaced Note is
held by a protected purchaser. A mutilated Note ceases to be outstanding upon surrender of such Note and replacement thereof pursuant to Section 2.08. 
 (c) If a Paying Agent segregates and holds in trust, in accordance with this Indenture, on a redemption date or maturity date money sufficient to pay all principal and interest payable on that date with
respect to the Notes (or portions thereof) to be redeemed or maturing, as the case may be, then on and after that date such Notes (or portions thereof) cease to be outstanding and interest on them ceases to accrue. 
 SECTION 2.10. Temporary Notes. In the event that Definitive Notes are to be issued under the terms of this Indenture, until such
Definitive Notes are ready for delivery, the Issuers may prepare and the Trustee shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of Definitive Notes but may have variations that the Issuers consider appropriate
for temporary Notes. Without unreasonable delay, the Issuers shall prepare and the Trustee shall authenticate Definitive Notes and make them available for delivery in exchange for temporary Notes upon surrender of such temporary Notes at the office
or agency of the Issuers, without charge to the Holder. Until such exchange, temporary Notes shall be entitled to the same rights, benefits and privileges as Definitive Notes. 
 SECTION 2.11. Cancellation. The Issuers at any time may deliver Notes to the Trustee for cancellation. The Registrar and each Paying
Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel all Notes surrendered for registration of transfer, exchange, payment or cancellation and
shall dispose of canceled Notes in accordance with its customary procedures or deliver canceled Notes to the Issuers pursuant to written direction by an Officer. The Issuers may not issue new Notes to replace Notes it has redeemed, paid or delivered
to the Trustee for cancellation. The Trustee shall not authenticate Notes in place of canceled Notes other than pursuant to the terms of this Indenture. 
 SECTION 2.12. Defaulted Interest. If the Issuers default in a payment of interest on the Notes, the Issuers shall pay the defaulted interest then borne by the Notes, as the case may be (plus
interest on such defaulted interest to the extent lawful), in any lawful manner. The Issuers may pay the defaulted interest to the Persons who are Holders on a subsequent special record date. The Issuers shall fix or cause to be fixed any such
special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly mail or cause to be mailed to each affected Holder a notice that states the special record date, the payment date and the amount of defaulted
interest to be paid. 
  

 42 

 SECTION 2.13. CUSIP Numbers, ISINs, etc. The Issuers in issuing the Notes may use
CUSIP numbers, ISINs and “Common Code” numbers (if then generally in use) and, if so, the Trustee shall use CUSIP numbers, ISINs and “Common Code” numbers in notices of redemption as a convenience to Holders; provided,
however, that any such notice may state that no representation is made as to the correctness of such numbers, either as printed on the Notes or as contained in any notice of a redemption, that reliance may be placed only on the other
identification numbers printed on the Notes and that any such redemption shall not be affected by any defect in or omission of such numbers. The Issuers shall advise the Trustee of any change in the CUSIP numbers, ISINs and “Common Code”
numbers. The Issuers may make changes to the Issuers’ names, CUSIP numbers, ISINs and “Common Code” numbers with respect to the Notes as may be necessary or appropriate to give effect to the Issuers’ Assumption pursuant to
Article 14 hereof. 
 SECTION 2.14. Calculation of Principal Amount of Notes. The aggregate principal amount of the
Notes, at any date of determination, shall be the principal amount of the Notes outstanding at such date of determination. With respect to any matter requiring consent, waiver, approval or other action of the Holders of a specified percentage of the
principal amount of all the Notes then outstanding, such percentage shall be calculated, on the relevant date of determination, by dividing (a) the principal amount, as of such date of determination, of Notes, the Holders of which have so
consented by (b) the aggregate principal amount, as of such date of determination, of the Notes then outstanding, in each case, as determined in accordance with the preceding sentence, Section 2.09 and Section 13.06 of this Indenture.
Any such calculation made pursuant to this Section 2.14 shall be made by the Issuers and delivered to the Trustee pursuant to an Officers’ Certificate. 
 ARTICLE 3 
 REDEMPTION 
 SECTION 3.01. Redemption. The Notes may be redeemed, in whole, or from time to time in part, subject to the conditions and at the
redemption prices set forth in Paragraph 5 of the form of Notes set forth in Appendix A, which are hereby incorporated by reference and made a part of this Indenture, together with accrued and unpaid interest and additional interest, if
any, to the redemption date. The Notes may also be redeemed as provided for in Section 3.09. 
 SECTION 3.02.
Applicability of Article. Redemption of Notes at the election of the Issuers or otherwise, as permitted or required by the Notes or any provision of this Indenture, shall be made in accordance with the Notes, such provision and this Article.

 SECTION 3.03. Notices to Trustee. If the Issuers elect to redeem Notes pursuant to the optional redemption provisions
of Paragraph 5 of the applicable Note, they shall notify the Trustee in writing of (i) the Section of this Indenture pursuant to which the redemption shall occur, (ii) the redemption date, (iii) the principal amount of Notes to
be redeemed and (iv) the redemption price. The Issuers shall give notice to the Trustee provided for in this paragraph at least 40 days but not more than 60 days before a redemption date if the redemption is pursuant to Paragraph 5 of
the applicable Note, unless a shorter period is acceptable to the

  

 43 

 
Trustee. Such notice shall be accompanied by an Officers’ Certificate and Opinion of Counsel from the Issuers to the effect that such redemption will comply with the conditions herein. If
fewer than all the Notes are to be redeemed, the record date relating to such redemption shall be selected by the Issuers and given to the Trustee, which record date shall be not fewer than 15 days after the date of notice to the Trustee. Any
such notice may be canceled at any time prior to notice of such redemption being mailed to any Holder and shall thereby be void and of no effect. 
 SECTION 3.04. Selection of Notes to Be Redeemed. In the case of any partial redemption of the Notes, selection of the Notes for redemption will be made by the Trustee on a pro rata basis to the
extent practicable or by lot or such other method as deemed appropriate by the Trustee; provided, however, that no Notes of $1,000 or less shall be redeemed in part. The Trustee shall make the selection from outstanding Notes not
previously called for redemption. The Trustee may select for redemption portions of the principal of Notes that have denominations larger than $1,000 and portions of them the Trustee selects shall be in amounts of $1,000 or a multiple of $1,000.
Provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. The Trustee shall notify the Issuers promptly of the Notes or portions of Notes to be redeemed. 
 SECTION 3.05. Notice of Optional Redemption. (a) At least 30 days but not more than 60 days before a redemption date (or
such shorter period as is provided for in a redemption pursuant to Section 3.10), the Issuers shall mail or cause to be mailed by first-class mail a notice of redemption to each Holder whose Notes are to be redeemed. 
 Any such notice shall identify the Notes to be redeemed and shall state: 
 (i) the redemption date; 
 (ii) the redemption price and the amount of accrued interest to the redemption date; 
 (iii) the name and address of a Paying Agent; 
 (iv) that Notes
called for redemption must be surrendered to a Paying Agent to collect the redemption price, plus accrued interest; 
 (v) if fewer than all the outstanding Notes are to be redeemed, the certificate numbers and principal amounts of the particular Notes to be redeemed, the aggregate principal amount of Notes to be redeemed and the aggregate principal amount
of Notes of a series to be outstanding after such partial redemption; 
 (vi) that, unless the Issuers default in
making such redemption payment, interest on Notes (or portion thereof) called for redemption ceases to accrue on and after the redemption date; 
 (vii) the CUSIP number, ISIN or “Common Code” number, if any, printed on the Notes being redeemed; 
  

 44 

 (viii) that no representation is made as to the correctness or accuracy of
the CUSIP number or ISIN or “Common Code” number, if any, listed in such notice or printed on the Notes; and 
 (ix) the applicable provision in this Indenture or the Notes pursuant to which the Issuers are redeeming such Notes. 
 (b) At the Issuers’ request, the Trustee shall give the notice of redemption in the Issuers’ name and at the Issuers’ expense. In such event, the Issuers shall provide the Trustee with the information required by this
Section 3.05. 
 SECTION 3.06. Effect of Notice of Redemption. Once notice of redemption is mailed in accordance
with Section 3.05, except as provided in the sixth paragraph under paragraph 5 of the Notes, Notes called for redemption become due and payable on the redemption date and at the redemption price stated in the notice. Upon surrender to any
Paying Agent, such Notes shall be paid at the redemption price stated in the notice, plus accrued interest to the redemption date; provided, however, that if the redemption date is after a regular record date and on or prior to the
interest payment date, the accrued interest shall be payable to the Holder of the redeemed Notes registered on the relevant record date. Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the notice to
any other Holder. 
 SECTION 3.07. Deposit of Redemption Price. With respect to any Notes, prior to 10:00 a.m., New
York City time, on the redemption date, the Issuer shall deposit with the Paying Agent (or, if Holdings or a Wholly Owned Subsidiary of Holdings is a Paying Agent, shall segregate and hold in trust) money sufficient to pay the redemption price of
and accrued interest on all Notes or portions thereof to be redeemed on that date other than Notes or portions of Notes called for redemption that have been delivered by the Issuers to the Trustee for cancellation. On and after the redemption date,
interest shall cease to accrue on Notes or portions thereof called for redemption so long as the Issuers have deposited with the Paying Agent funds sufficient to pay the principal of, plus accrued and unpaid interest on, the Notes to be redeemed.

 SECTION 3.08. Notes Redeemed in Part. Upon surrender of a Note that is redeemed in part, the Issuers shall execute and
the Trustee shall authenticate for the Holder (at the Issuers’ expense) a new Note equal in principal amount to the unredeemed portion of the Note surrendered. 
 SECTION 3.09. Redemption for Changes in Withholding Taxes. 
 The Issuers
may redeem all Notes, at their option, at any time as a whole but not in part, upon not less than 30 nor more than 60 days’ notice, at 100% of the principal amount thereof, plus accrued and unpaid interest (if any) to the date of redemption
(subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date), in the event the Issuers have become or would become obligated to pay, on the next date on which any amount would
be payable with respect to the Notes, any Additional Amounts with respect to the Notes as a result of: 
 (1) a
change in or an amendment to the laws (including any regulations promulgated thereunder) of Canada (or any political subdivision or taxing authority thereof or therein); or 
  

 45 

 (2) any change in or amendment to any official position regarding the
application or interpretation of such laws or regulations, 
 which change or amendment is announced or becomes effective on or after the Issue
Date and the Issuers cannot avoid such obligation by taking reasonable measures available to the Issuers. 
 Prior to publishing
or mailing notice of redemption of any Notes as described above, the Issuers shall deliver to the Trustee an Officers’ Certificate to the effect that the Issuers cannot avoid their obligation to pay Additional Amounts with respect to such Notes
by taking reasonable measures available to the Issuers. The Issuers shall also deliver an opinion of independent legal counsel of recognized standing stating that the Issuers would be obligated to pay Additional Amounts with respect to such Notes as
a result of a change in tax laws or regulations or the application or interpretation of such laws or regulations. 
 ARTICLE 4

 COVENANTS 
 SECTION 4.01. Payment of Notes. (a) The Issuers shall promptly pay the principal of (and premium, if any) and interest, on the Notes on the dates and in the manner provided in the Notes and in
this Indenture. An installment of principal of or interest on the Notes shall be considered paid on the date it is due if on such date the Trustee or any Paying Agent (other than Holdings or any of its Affiliates) holds in accordance with this
Indenture money sufficient to pay all principal and interest then due. 
 (b) The Issuers shall pay interest on overdue
principal at the rate specified therefor in the Notes and shall pay interest on overdue installments of interest at the same rate borne by the Notes to the extent lawful. 
 (c) If, in connection with any payment made under or with respect to the Notes, the Issuers are required to withhold or deduct any amount for or on account of any present or future tax, duty, levy,
impost, assessment or other governmental charge (including penalties, interest and other liabilities related thereto) (hereinafter “Taxes”) imposed or levied by or on behalf of the government of Canada or any political subdivision or any
authority or agency therein or thereof having power to tax, or within any other jurisdiction in which the Issuers are organized or are otherwise resident for tax purposes or any jurisdiction from or through which payment is made (each a
“Relevant Taxing Jurisdiction”), the Issuers will be required to pay such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by a beneficial owner of a Note (including Additional
Amounts) after such withholding or deduction will not be less than the amount such beneficial owner would have received if such Taxes had not been withheld or deducted; provided, however, that the foregoing obligation to pay Additional
Amounts does not apply to (1) any Taxes that would not have been so imposed but for the existence of any present or former connection between the relevant beneficial owner

  

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and the Relevant Taxing Jurisdiction (other than the mere receipt of such payment or the ownership or holding outside of Canada of such Note); (2) any estate, inheritance, gift, sales,
excise, transfer, personal property tax or similar tax, assessment or governmental charge; or (3) any Taxes imposed or withheld by reason of the failure to comply by the holder of a Note, or, if different, the beneficial owner of the interest
payable on a Note with a timely request of the Issuers addressed to such holder or beneficial owner to provide information, documents or other evidence concerning the nationality, residence, identity or connection with a Relevant Taxing Jurisdiction
that is required or imposed by a statute, treaty, regulation or administrative practice of such Relevant Taxing Jurisdiction as a precondition to exemption from all or part of such Tax; provided, further, however, the foregoing
obligation to pay Additional Amounts does not apply (a) if the payment could have been made without such deduction or withholding if the beneficiary of the payment had presented the Note for payment within 30 days after the date on which
such payment or such Note became due and payable or the date on which payment thereof is duly provided for, whichever is later (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the
last day of such 30-day period), or (b) with respect to any payment of principal of (or premium, if any, on) or interest on such Note to any holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such
payment, to the extent that a beneficiary or settler with respect to such fiduciary, a member of such a partnership or the beneficial owner of such payment would not have been entitled to the Additional Amounts had such beneficiary, settlor, member
or beneficial owner been the actual holder of such Note. 
 (d) The Issuers shall provide the Trustee with official receipts or
other documentation evidencing the payment of the Taxes with respect to which Additional Amounts are paid. 
 (e) The Issuers
shall pay any present or future stamp, court or documentary taxes or any other excise or property taxes, charges or similar levies that arise in any jurisdiction from the execution, delivery, enforcement or registration of the Notes, the Indenture,
the Security Documents, the New Intercreditor Agreement, the Existing Intercreditor Agreement or any other document or instrument in relation thereof, or the receipt of any payments with respect to the Notes, excluding such taxes, charges or similar
levies imposed by any jurisdiction outside of Canada, the jurisdiction of incorporation of any successor of the Canadian Issuer or any jurisdiction in which a paying agent is located, and the Issuers shall indemnify the Holders or beneficial owner
of a Note for any such taxes paid by such Holders or beneficial owner of a Note. 
 (f) The obligations described under
Sections 4.01(c), (d) and (e) shall survive any termination, defeasance or discharge of this Indenture and shall apply mutatis mutandis to any jurisdiction in which any successor Person to the Canadian Issuer is organized or any
political subdivision or taxing authority or agency thereof or therein. 
 SECTION 4.02. Reports and Other Information.
Notwithstanding that Holdings may not be subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, or otherwise report on an annual and quarterly basis on forms provided for such annual and quarterly reporting pursuant
to rules and regulations promulgated by the SEC, Holdings shall file with the SEC (and provide the Trustee and Holders with copies thereof, without cost to each Holder, within 15 days after it files them with the SEC), 
 (a) within 90 days after the end of each fiscal year (or such shorter period as may be required by the SEC, or such longer period as
may be permitted by Rule 12b-25 of the Exchange Act), annual reports on Form 10-K (or any successor or comparable form) containing the information required to be contained therein (or required in such successor or comparable form), 

 

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 (b) within 45 days after the end of each of the first three fiscal quarters of each
fiscal year (or such shorter period as may be required by the SEC, or such longer period as may be permitted by Rule 12b-25 of the Exchange Act), reports on Form 10-Q (or any successor or comparable form), 
 (c) promptly from time to time after the occurrence of an event required to be therein reported, such other reports on Form 8-K (or any
successor or comparable form), and 
 (d) any other information, documents and other reports which Holdings would be required to
file with the SEC if it were subject to Section 13 or 15(d) of the Exchange Act; 
 provided, however, that Holdings shall
not be so obligated to file such reports with the SEC if the SEC does not permit such filing, in which event Holdings shall post the reports specified above on its website within the time periods that would apply if Holdings were required to file
those reports with the SEC. In addition, Holdings shall make available such information to prospective purchasers of Notes, in addition to providing such information to the Trustee and the Holders, in each case within 15 days after the time
Holdings would be required to file such information with the SEC if it were subject to Section 13 or 15(d) of the Exchange Act. 
 In the event that: 
 (i) the rules and regulations of the SEC permit Holdings and any direct or
indirect parent company of Holdings to report at such parent entity’s level on a consolidated basis and 
 (ii) such parent entity of Holdings is not engaged in any business in any material respect other than incidental to its ownership, directly or indirectly, of the capital stock of Holdings, 
 such consolidated reporting at such parent entity’s level in a manner consistent with that described in this Section 4.02 for Holdings shall
satisfy this Section 4.02. 
 Delivery of such reports, information and documents to the Trustee is for informational
purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuers’ compliance with any of its covenants
hereunder (as to which the Trustee is entitled to rely exclusively (subject to Article 7 hereof) on Officers’ Certificates). 
  

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 SECTION 4.03. Limitation on Incurrence of Indebtedness and Issuance of Disqualified Stock
and Preferred Stock. (a) (i) Holdings shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness) or issue any shares of Disqualified Stock;
and (ii) Holdings shall not permit any of its Restricted Subsidiaries to issue any shares of Preferred Stock; provided, however, that Holdings and any Restricted Subsidiary may Incur Indebtedness (including Acquired Indebtedness)
or issue shares of Disqualified Stock and any Restricted Subsidiary may issue shares of Preferred Stock, in each case if the Fixed Charge Coverage Ratio of Holdings for the most recently ended four full fiscal quarters for which internal financial
statements are available immediately preceding the date on which such additional Indebtedness is Incurred or such Disqualified Stock or Preferred Stock is issued would have been at least 2.00 to 1.00 determined on a pro forma basis (including a pro
forma application of the net proceeds therefrom), as if the additional Indebtedness had been Incurred, or the Disqualified Stock or Preferred Stock had been issued, as the case may be, and the application of proceeds therefrom had occurred at the
beginning of such four-quarter period. 
 (b) The limitations set forth in Section 4.03(a) shall not apply to: 

(i) the Incurrence by Holdings or its Restricted Subsidiaries of Indebtedness under any Credit Agreement and the issuance
and creation of letters of credit and bankers’ acceptances thereunder (with letters of credit and bankers’ acceptances being deemed to have a principal amount equal to the face amount thereof) up to an aggregate principal amount of $2.125
billion plus an aggregate additional principal amount of Consolidated Total Indebtedness constituting First Priority Lien Obligations outstanding at any one time that does not cause the Consolidated Secured Debt Ratio (excluding the Notes and Other
Pari Passu Lien Obligations from such calculation) of Holdings to exceed 3.50 to 1.0 determined on a pro forma basis (including a pro forma application of the net proceeds therefrom); 
 (ii) the Incurrence by the Issuers and the Guarantors of Indebtedness represented by the Notes (not including any Additional
Notes) and the Guarantees, as applicable; 
 (iii) Indebtedness existing on the Issue Date (after giving effect
to the Offering Transactions) (other than Indebtedness described in clauses (i) and (ii) of this Section 4.03(b)), including the Existing Debentures and the Existing Second Lien Notes; 
 (iv) Indebtedness (including Capitalized Lease Obligations) Incurred by Holdings or any of its Restricted Subsidiaries to
finance the purchase, lease or improvement of property (real or personal) or equipment (whether through the direct purchase of assets or the Capital Stock of any Person owning such assets (but no other material assets)) in an aggregate principal
amount which, when aggregated with the principal amount of all other Indebtedness then outstanding that was Incurred (or deemed incurred pursuant to clause (xiv) below) pursuant to this clause (iv), does not exceed the greater of $150.0
million and 5.0% of Total Assets at the time of Incurrence; 
  

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 (v) Indebtedness Incurred by Holdings or any of its Restricted Subsidiaries
constituting reimbursement obligations with respect to letters of credit issued in the ordinary course of business, including letters of credit in respect of workers’ compensation claims, health, disability or other employee benefits or
property, casualty or liability insurance or self-insurance, or other Indebtedness with respect to reimbursement type obligations regarding workers’ compensation claims; provided, however, that upon the drawing of such letters of credit, such
obligations are reimbursed within 30 days following such drawing; 
 (vi) Indebtedness arising from
agreements of Holdings or any of its Restricted Subsidiaries providing for adjustment of purchase price or similar obligations, in each case, Incurred in connection with the disposition of any business, assets or a Subsidiary of Holdings in
accordance with the terms of this Indenture, other than guarantees of Indebtedness Incurred by any Person acquiring all or any portion of such business, assets or Subsidiary for the purpose of financing such acquisition; provided, however, that, at
the time of closing, the amount of such Indebtedness is not determinable and, to the extent such Indebtedness thereafter becomes fixed and determined, the Indebtedness is paid within 60 days thereafter; 
 (vii) Indebtedness of Holdings to a Restricted Subsidiary; provided, however, that any such Indebtedness is subordinated in
right of payment to the obligations of Holdings under its Guarantee; provided, further, however, that any subsequent issuance or transfer of any Capital Stock or any other event which results in any such Restricted Subsidiary ceasing to be a
Restricted Subsidiary or any other subsequent transfer of any such Indebtedness (except to another Restricted Subsidiary) shall be deemed, in each case, to be an Incurrence of such Indebtedness; 
 (viii) shares of Preferred Stock of a Restricted Subsidiary issued to Holdings or another Restricted Subsidiary; provided,
however, that any subsequent issuance or transfer of any Capital Stock or any other event which results in any Restricted Subsidiary that holds such shares of Preferred Stock of another Restricted Subsidiary ceasing to be a Restricted Subsidiary or
any other subsequent transfer of any such shares of Preferred Stock (except to Holdings or another Restricted Subsidiary) shall be deemed, in each case, to be an issuance of shares of Preferred Stock; 
 (ix) Indebtedness of a Restricted Subsidiary to Holdings or another Restricted Subsidiary; provided, however, that
(1) any such Indebtedness is made pursuant to an intercompany note and (2) if a Guarantor Subsidiary Incurs such Indebtedness to a Restricted Subsidiary that is not a Guarantor such Indebtedness is subordinated in right of payment to the
Guarantee of such Guarantor; provided, further, however, that any subsequent issuance or transfer of any Capital Stock or any other event which results in any Restricted Subsidiary holding such Indebtedness ceasing to be a Restricted Subsidiary or
any other subsequent transfer of any such Indebtedness (except to another Restricted Subsidiary) shall be deemed, in each case, to be an Incurrence of such Indebtedness; 
  

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 (x) Hedging Obligations that are Incurred in the ordinary course of business
(and not for speculative purposes): (1) for the purpose of fixing or hedging interest rate risk with respect to any Indebtedness that is permitted by the terms of this Indenture to be outstanding; (2) for the purpose of fixing or hedging
currency exchange rate risk with respect to any currency exchanges; or (3) for the purpose of fixing or hedging commodity price risk with respect to any commodity purchases; 
 (xi) obligations in respect of performance, bid and surety bonds, including surety bonds issued in respect of workers’
compensation claims, and completion guarantees provided by Holdings or any Restricted Subsidiary in the ordinary course of business; 
 (xii) Indebtedness or Disqualified Stock of Holdings or any Restricted Subsidiary of Holdings not otherwise permitted hereunder in an aggregate principal amount or liquidation preference, as applicable,
which, when aggregated with the principal amount or liquidation preference of all other Indebtedness and Disqualified Stock then outstanding and Incurred pursuant to this clause (xii), does not exceed the greater of $150.0 million and 5.0% of
Total Assets at the time of Incurrence (it being understood that any Indebtedness Incurred under this clause (xii) shall cease to be deemed Incurred or outstanding for purposes of this clause (xii) but shall be deemed Incurred for purposes
of Section 4.03(a) from and after the first date on which Holdings, or the Restricted Subsidiary, as the case may be, could have Incurred such Indebtedness under Section 4.03(a) without reliance upon this clause (xii)); 
 (xiii) any guarantee by Holdings or any of its Restricted Subsidiaries of Indebtedness or other obligations of Holdings or
any of its Restricted Subsidiaries so long as the Incurrence of such Indebtedness Incurred by Holdings or such Restricted Subsidiary is permitted under the terms of this Indenture; provided, however, that if such Indebtedness is by its express terms
subordinated in right of payment to the Notes or the Guarantee of such Restricted Subsidiary, as applicable, any such guarantee of any Guarantor with respect to such Indebtedness shall be subordinated in right of payment to such Guarantor’s
Guarantee with respect to the Notes substantially to the same extent as such Indebtedness is subordinated to the Notes or the Guarantee of such Guarantor, as applicable; 
 (xiv) the Incurrence by Holdings or any of its Restricted Subsidiaries of Indebtedness which serves to refund, refinance or
defease any Indebtedness Incurred under Section 4.03(a) and clauses (ii), (iii), (iv), (xiv), (xv) or (xix) of this Section 4.03(b) (subject to the following proviso, “Refinancing Indebtedness”); provided, however,
that such Refinancing Indebtedness: 
 (1) has a Weighted Average Life to Maturity at the time such Refinancing
Indebtedness is Incurred which is not less than the shorter of (x) the remaining Weighted Average Life to Maturity of the Indebtedness being refunded or refinanced and (y) the Weighted Average Life to Maturity that would result if all
payments of principal on the Indebtedness being refunded or refinanced that were due on or after the date one year following the last maturity date of any Notes then outstanding were instead due on such date one year following; 
  

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 (2) has a Stated Maturity which is no earlier than the earlier of
(x) the Stated Maturity of the Indebtedness being refunded or refinanced or (y) one year following the last maturity date of any Notes then outstanding; 
 (3) to the extent such Refinancing Indebtedness refinances Indebtedness junior to the Notes or the Guarantee of such
Restricted Subsidiary, as applicable, such Refinancing Indebtedness is junior to the Notes or the Guarantee of such Restricted Subsidiary, as applicable; 
 (4) is Incurred in an aggregate principal amount (or if issued with original issue discount, an aggregate issue price) that is equal to or less than the aggregate principal amount (or if issued with
original issue discount, the aggregate accreted value) then outstanding of the Indebtedness being refinanced plus premium and fees Incurred in connection with such refinancing; 
 (5) shall not include (x) Indebtedness of a Restricted Subsidiary of Holdings that is not a Guarantor that refinances
Indebtedness of Holdings or another Guarantor (unless such Restricted Subsidiary is an obligor with respect to such Indebtedness being refinanced), or (y) Indebtedness of Holdings or a Restricted Subsidiary that refinances Indebtedness of an
Unrestricted Subsidiary; and 
 (6) in the case of any Refinancing Indebtedness Incurred to refinance
Indebtedness outstanding under clause (iv) or (xix) of this Section 4.03(b), shall be deemed to have been Incurred and to be outstanding under such clause (iv) or (xix) of this Section 4.03(b), as applicable, and not
this clause (xiv) for purposes of determining amounts outstanding under such clauses (iv) and (xix) of this Section 4.03(b); 
 provided, further, however, that subclauses (1), (2) and (3) of this clause (xiv) shall not apply to any refunding or refinancing of (A) the Notes, (B) any Secured Indebtedness constituting
a First-Priority Lien Obligation or (C) any Existing Debentures consisting of pollution control bonds; 
 (xv) Indebtedness or Disqualified Stock of (x) Holdings or any of its Restricted Subsidiaries Incurred to finance an acquisition or (y) Persons that are acquired by Holdings or any of its Restricted Subsidiaries or merged into
Holdings or a Restricted Subsidiary in accordance with the terms of this Indenture; provided, however, that after giving effect to such acquisition and the Incurrence of such Indebtedness either: 
 (1) Holdings would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage
Ratio test set forth in Section 4.03(a); or 
 (2) the Fixed Charge Coverage Ratio would be greater than
immediately prior to such acquisition; 
  

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 (xvi) Indebtedness Incurred by a Receivables Subsidiary in a Qualified
Receivables Financing that is not recourse to Holdings or any Restricted Subsidiary other than a Receivables Subsidiary (except for Standard Securitization Undertakings); 
 (xvii) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar
instrument drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is extinguished within two Business Days of its Incurrence; 
 (xviii) Indebtedness of Holdings or any Restricted Subsidiary supported by a letter of credit issued pursuant to the Credit
Agreement, in a principal amount not in excess of the stated amount of such letter of credit; 
 (xix)
Contribution Indebtedness; 
 (xx) Indebtedness of Foreign Subsidiaries of Holdings for working capital purposes
or any other purposes, provided, however, that the aggregate principal amount of Indebtedness Incurred under this clause (xx) other than for working capital purposes, when aggregated with the principal amount of all other
Indebtedness then outstanding and Incurred pursuant to this clause (xx), does not exceed the greater of $150 million and 5.0% of the Total Assets of the time of Incurrence; and 
 (xxi) Indebtedness of Holdings or any Restricted Subsidiary consisting of (x) the financing of insurance premiums or
(y) take-or-pay obligations contained in supply arrangements, in each case, entered into in the ordinary course of business. 
 (c) Notwithstanding the foregoing, Holdings, the Issuers or the Guarantors may not Incur any Indebtedness pursuant to Section 4.03(b) if the proceeds thereof are used, directly or indirectly, to repay, prepay, redeem, defease, retire,
refund or refinance any Subordinated Indebtedness unless such Indebtedness shall be subordinated to the Notes or such Guarantor’s Guarantee, as applicable, to at least the same extent as such Subordinated Indebtedness. For purposes of
determining compliance with this Section 4.03, (A) Indebtedness need not be Incurred solely by reference to one category of permitted Indebtedness described in clauses (i) through (xxi) or pursuant to Section 4.03(a) but is
permitted to be Incurred in part under any combination thereof and (B) in the event that an item of Indebtedness (or any portion thereof) meets the criteria of one or more of the categories of permitted Indebtedness described in
clauses (i) through (xxi) above or is entitled to be Incurred pursuant to Section 4.03(a), Holdings shall, in its sole discretion, classify or reclassify such item of Indebtedness in any manner that complies with this
Section 4.03 and will only be required to include the amount and type of such item of Indebtedness (or any portion thereof) in one of the above clauses and such item of Indebtedness shall be treated as having been Incurred pursuant to only one
of such clauses or pursuant to Section 4.03(a); provided, however, that all Indebtedness under the Credit Agreement outstanding on the Issue Date (after giving effect to the Offering Transactions) shall be deemed to have been
Incurred pursuant to clause (i) and Holdings shall not be permitted to reclassify all or any portion of such Indebtedness. Accrual of interest, the accretion of accreted value, amortization of original issue discount, the payment of interest in
the form of additional Indebtedness with the same terms or in the form of common stock of Holdings, the payment of

  

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dividends on Preferred Stock in the form of additional shares of Preferred Stock of the same class, the accretion of liquidation preference and increases in the amount of Indebtedness outstanding
solely as a result of fluctuations in the exchange rate of currencies or increases in the value of property securing Indebtedness described in clause (3) of the definition of “Indebtedness” shall not be deemed to be an Incurrence of
Indebtedness for purposes of this Section 4.03. Guarantees of, or obligations in respect of letters of credit relating to, Indebtedness which are otherwise included in the determination of a particular amount of Indebtedness shall not be
included in the determination of such amount of Indebtedness; provided, however, that the Incurrence of the Indebtedness represented by such guarantee or letter of credit, as the case may be, was in compliance with this
Section 4.03. 
 (d) Notwithstanding the foregoing, the Issuers may not incur any Indebtedness or issue any shares of
Disqualified Stock or Preferred Stock unless all of the Issuers’ obligations with respect thereto are fully and unconditionally guaranteed by Holdings; provided, however, such guarantee shall be deemed to be full and unconditional
even if subject to the same kinds of limitations applicable to the Guarantee by Holdings of the Notes. 
 SECTION 4.04.
Limitation on Restricted Payments. (a) Holdings shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly: 
 (i) declare or pay any dividend or make any distribution on account of Holdings’ or any of its Restricted Subsidiaries’ Equity Interests, including any payment with regard to such Equity
Interests made in connection with any merger or consolidation (other than (A) dividends or distributions payable solely in Equity Interests (other than Disqualified Stock) of Holdings; or (B) dividends or distributions by a Restricted
Subsidiary; provided, however, in the case of any dividend or distribution payable on or in respect of any Equity Interests issued by a Restricted Subsidiary other than a Wholly Owned Restricted Subsidiary, Holdings or a Restricted
Subsidiary receives at least its pro rata share of such dividend or distribution in accordance with its ownership percentage of such Equity Interests); 
 (ii) purchase or otherwise acquire or retire for value any Equity Interests of Holdings or any direct or indirect parent company of Holdings; 
 (iii) make any principal payment on, or redeem, repurchase, defease or otherwise acquire or retire for value, in each case
prior to any scheduled repayment or scheduled maturity, any Subordinated Indebtedness of Holdings or any Subsidiary Guarantor (other than the payment, redemption, repurchase, defeasance, acquisition or retirement of (A) Subordinated
Indebtedness in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of the date of such payment, redemption, repurchase, defeasance, acquisition or retirement and
(B) Indebtedness permitted under clauses (vii) and (ix) of Section 4.03(b)); or 
 (iv) make
any Restricted Investment 
  

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 (all such payments and other actions set forth in clauses (i) through (iv) above being
collectively referred to as “Restricted Payments”), unless, at the time of such Restricted Payment: 
 (1) no Default shall have occurred and be continuing or would occur as a consequence thereof; 
 (2)
immediately after giving effect to such transaction on a pro forma basis, Holdings could Incur $1.00 of additional Indebtedness under Section 4.03(a); and 
 (3) such Restricted Payment, together with the aggregate amount of all other Restricted Payments made by Holdings and its
Restricted Subsidiaries after the Existing Notes Issue Date (including Restricted Payments permitted by clauses (i), (iv) (only to the extent of one-half of the amounts paid pursuant to such clause), (vi) and (viii) of
Section 4.04(b), but excluding all other Restricted Payments permitted by Section 4.04(b)), is less than the sum of, without duplication, 
 (A) 50% of the Consolidated Net Income of Holdings for the period (taken as one accounting period) from June 30, 2006 to the end of Holdings’ most recently ended fiscal quarter for which
internal financial statements are available at the time of such Restricted Payment (or, in the case such Consolidated Net Income for such period is a deficit, minus 100% of such deficit), plus 
 (B) 100% of the aggregate net proceeds, including cash and the Fair Market Value (as determined in accordance with the next succeeding
sentence) of property other than cash, received by Holdings after the Existing Notes Issue Date from the issue or sale of Equity Interests of Holdings (excluding Refunding Capital Stock, Designated Preferred Stock, Cash Contribution Amounts,
Excluded Contributions and Disqualified Stock), including Equity Interests issued upon conversion of Indebtedness or upon exercise of warrants or options (other than an issuance or sale to a Subsidiary of Holdings or an employee stock ownership plan
or trust established by Holdings or any of its Subsidiaries), plus 
 (C) 100% of the aggregate amount of cash contributions to
the capital of Holdings, and the Fair Market Value (as determined in accordance with the next succeeding sentence) of property other than cash, received after the Existing Notes Issue Date (other than Excluded Contributions, Refunding Capital Stock,
Designated Preferred Stock, contributions from the issuance of Designated Preferred Stock, Disqualified Stock and the Cash Contribution Amount), plus 
  

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 (D) 100% of the aggregate amount received by Holdings or any Restricted Subsidiary in cash
and the Fair Market Value (as determined in accordance with the next succeeding sentence) of property other than cash received by Holdings or any Restricted Subsidiary, in each case subsequent to the Existing Notes Issue Date, from: 
 (I) the sale or other disposition (other than to Holdings or a Restricted Subsidiary of Holdings) of Restricted Investments
made by Holdings and its Restricted Subsidiaries and from repurchases and redemptions of such Restricted Investments from Holdings and its Restricted Subsidiaries by any Person (other than Holdings or any of its Subsidiaries) and from repayments of
loans or advances which constituted Restricted Investments (other than in each case to the extent that the Restricted Investment was made pursuant to clause (vii) or (x) of Section 4.04(b)), 
 (II) the sale (other than to Holdings or a Restricted Subsidiary of Holdings) of the Capital Stock of an Unrestricted
Subsidiary, or 
 (III) a distribution or dividend from an Unrestricted Subsidiary, plus 
 (E) in the event any Unrestricted Subsidiary of Holdings has been redesignated as a Restricted Subsidiary or has been merged, consolidated or
amalgamated with or into, or transfers or conveys its assets to, or is liquidated into, Holdings or a Restricted Subsidiary of Holdings, in each case subsequent to the Existing Notes Issue Date, the Fair Market Value (as determined in accordance
with the next succeeding sentence) of the Investment of Holdings in such Unrestricted Subsidiary at the time of such redesignation, combination or transfer (or of the assets transferred or conveyed, as applicable), after deducting any Indebtedness
associated with the Unrestricted Subsidiary so designated or combined or any Indebtedness associated with the assets so transferred or conveyed (other than in each case to the extent that the designation of such Subsidiary as an Unrestricted
Subsidiary was made pursuant to clause (vii) or (x) of Section 4.04(b) or constituted a Permitted Investment). 
 The Fair Market
Value of property other than cash covered by clauses (3)(B), (C), (D) and (E) of this Section 4.04(a) shall be determined in good faith by Holdings and 
 (x) in the event of property with a Fair Market Value in excess of $4 million, shall be set forth in an Officers’
Certificate, or 
 (y) in the event of property with a Fair Market Value in excess of $15 million, shall be
set forth in a resolution approved by at least a majority of the Board of Directors of Holdings or 
 (z) in the
event of property with a Fair Market Value in excess of $30 million, shall be set forth in writing by an Independent Financial Advisor. 
  

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 (b) The provisions of Section 4.04(a) shall not prohibit: 
 (i) the payment of any dividend or distribution (i) within 60 days after the date of declaration thereof, if at the
date of declaration such payment would have complied with the provisions of this Indenture or (ii) declared prior to the Existing Notes Issue Date; 
 (ii) (A) the repurchase, retirement or other acquisition of any Equity Interests (“Retired Capital Stock”) of Holdings or any direct or indirect parent company of Holdings or Subordinated
Indebtedness of Holdings or any Subsidiary Guarantor in exchange for, or out of the proceeds of the substantially concurrent sale of, Equity Interests of Holdings or any direct or indirect parent company of Holdings or contributions to the equity
capital of Holdings (other than Designated Preferred Stock, Cash Contribution Amounts, Excluded Contributions and Disqualified Stock or any Equity Interests sold to a Subsidiary of Holdings or to an employee stock ownership plan or any trust
established by Holdings or any of its Subsidiaries) (collectively, including any such contributions, “Refunding Capital Stock”); and (B) the declaration and payment of accrued dividends on the Retired Capital Stock out of the proceeds
of the substantially concurrent sale (other than to a Subsidiary of Holdings or to an employee stock ownership plan or any trust established by Holdings or any of its Subsidiaries) of Refunding Capital Stock; 
 (iii) the redemption, repurchase or other acquisition or retirement of Subordinated Indebtedness of Holdings or any
Subsidiary Guarantor made by exchange for, or out of the proceeds of the substantially concurrent sale of, new Indebtedness of Holdings or such Subsidiary Guarantor, respectively, which is Incurred in accordance with Section 4.03 so long as

 (A) the principal amount of such new Indebtedness does not exceed the principal amount of the Subordinated Indebtedness being
so redeemed, repurchased, acquired or retired for value (plus the amount of any premium required to be paid under the terms of the instrument governing the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired plus any fees
incurred in connection therewith), 
 (B) such Indebtedness is subordinated to the Notes or the related Guarantees, as the case
may be, at least to the same extent as such Subordinated Indebtedness so purchased, exchanged, redeemed, repurchased, acquired or retired for value, 
 (C) such Indebtedness has a Stated Maturity which is no earlier than the earlier of (x) the Stated Maturity of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired or
(y) one year following the last maturity date of any Notes then outstanding, and 
  

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 (D) such Indebtedness has a Weighted Average Life to Maturity which is not less than
(x) the remaining Weighted Average Life to Maturity of the Subordinated Indebtedness being so redeemed, repurchased, acquired or retired and (y) the Weighted Average Life to Maturity that would result if all payments of principal on the
Subordinated Indebtedness being redeemed, repurchased, acquired or retired that were due on or after the date one year following the last maturity date of any Notes then outstanding were instead due on such date one year following; 
 (iv) the repurchase, retirement or other acquisition (or dividends to any direct or indirect parent company of Holdings to
finance any such repurchase, retirement or other acquisition) for value of Equity Interests of Holdings or any direct or indirect parent company of Holdings held by any future, present or former employee, director or consultant of Holdings, or any
direct or indirect parent company of Holdings or any Subsidiary of Holdings pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or other agreement or arrangement; provided,
however, that the aggregate amounts paid under this clause (iv) do not exceed $15.0 million in any calendar year (with unused amounts in any calendar year being permitted to be carried over for the next two succeeding calendar
years); provided, further, however, that such amount in any calendar year may be increased by an amount not to exceed: 
 (A) the cash proceeds received by Holdings or any of its Restricted Subsidiaries from the sale of Equity Interests (excluding Refunding Capital Stock, Designated Preferred Stock, Cash Contribution
Amounts, Excluded Contributions and Disqualified Stock) of Holdings or any direct or indirect parent company of Holdings (to the extent contributed to Holdings) to members of management, directors or consultants of Holdings and its Restricted
Subsidiaries or any direct or indirect parent company of Holdings that occurs after the Existing Notes Issue Date; provided, however, that the amount of such cash proceeds utilized for any such repurchase, retirement, other acquisition
or dividend shall not increase the amount available for Restricted Payments under Section 4.04(a)(3); plus 
 (B) the cash
proceeds of key man life insurance policies received by Holdings or any direct or indirect parent company of Holdings (to the extent contributed to Holdings) and its Restricted Subsidiaries after the Existing Notes Issue Date; 
 (provided, however, that Holdings may elect to apply all or any portion of the aggregate increase contemplated by clauses (A) and
(B) above in any calendar year and, to the extent any payment described under this clause (iv) is made by delivery of Indebtedness and not in cash, such payment shall be deemed to occur only when, and to the extent, the obligor on such
Indebtedness makes payments with respect to such Indebtedness); 
  

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 (v) the declaration and payment of dividends or distributions to holders of
any class or series of Disqualified Stock of Holdings or any of its Restricted Subsidiaries issued or incurred in accordance with Section 4.03; 
 (vi) the declaration and payment of dividends or distributions to holders of any class or series of Designated Preferred Stock (other than Disqualified Stock) issued after the Existing Notes Issue Date
and the declaration and payment of dividends to any direct or indirect parent company of Holdings, the proceeds of which will be used to fund the payment of dividends to holders of any class or series of Designated Preferred Stock (other than
Disqualified Stock) of any direct or indirect parent company of Holdings issued after the Existing Notes Issue Date the proceeds of which were contributed to Holdings; provided, however, that (A) for the most recently ended four
full fiscal quarters for which internal financial statements are available immediately preceding the date of issuance of such Designated Preferred Stock, after giving effect to such issuance (and the payment of dividends or distributions) on a pro
forma basis, Holdings would have had a Fixed Charge Coverage Ratio of at least 2.25 to 1.00 and (B) the aggregate amount of dividends declared and paid pursuant to this clause (vi) does not exceed the net cash proceeds actually received by
Holdings from the issuance of Designated Preferred Stock (other than Disqualified Stock) issued after the Existing Notes Issue Date; 
 (vii) Investments in Unrestricted Subsidiaries having an aggregate Fair Market Value, taken together with all other Investments made on or after the Existing Notes Issue Date pursuant to this clause
(vii) that are at that time outstanding, not to exceed the greater of $35 million and 1.0% of Total Assets at the time of such Investment (with the Fair Market Value of each Investment being measured at the time made and without giving
effect to subsequent changes in value); 
 (viii) the payment of dividends on Holdings’ common stock (or the
payment of dividends to any direct or indirect parent of Holdings to fund the payment by any direct or indirect parent of Holdings of dividends on such entity’s common stock) of up to 6.0% per annum of the net proceeds received by Holdings
from any public offering of common stock or contributed to Holdings by any direct or indirect parent of Holdings from any public offering of common stock; 
 (ix) Investments that are made with Excluded Contributions; 
 (x)
other Restricted Payments in an aggregate amount not to exceed $50 million; 
 (xi) the distribution, as a
dividend or otherwise, of shares of Capital Stock of, or Indebtedness owed to Holdings or a Restricted Subsidiary of Holdings by, Unrestricted Subsidiaries; 
 (xii) (A) with respect to each tax year or portion thereof that any direct or indirect parent of Holdings qualifies as a Flow
Through Entity, the distribution by Holdings to the holders of Capital Stock of such direct or indirect parent of Holdings of an amount equal to the product of (i) the amount of aggregate net taxable income of

  

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Holdings allocated to the holders of Capital Stock of Holdings for such period and (ii) the Presumed Tax Rate for such period; and (B) with respect to any tax year or portion thereof
that any direct or indirect parent of Holdings does not qualify as a Flow Through Entity, the payment of dividends or other distributions to any direct or indirect parent company of Holdings that files a consolidated U.S. federal tax return that
includes Holdings and its Subsidiaries in an amount not to exceed the amount that Holdings and its Restricted Subsidiaries would have been required to pay in respect of federal, state or local taxes (as the case may be) in respect of such year if
Holdings and its Restricted Subsidiaries paid such taxes directly as a stand-alone taxpayer (or stand-alone group); 
 (xiii) the payment of dividends, other distributions or other amounts by Holdings: 
 (A) in amounts equal to the
amounts required for any direct or indirect parent of Holdings to pay fees and expenses (including franchise or similar taxes) required to maintain its corporate existence, customary salary, bonus and other benefits payable to, and indemnity
provided on behalf of, officers and employees of any direct or indirect parent of Holdings and general corporate overhead expenses of any direct or indirect parent of Holdings, in each case to the extent such fees, expenses salaries, bonuses,
benefits and indemnities are attributable to the ownership or operation of Holdings and its respective Subsidiaries; provided, however, that any such dividends, distributions or other amounts are treated as an operating expense of
Holdings for purposes of determining the Consolidated Net Income of Holdings; and 
 (B) in amounts equal to amounts required for
any direct or indirect parent of Holdings to pay interest or principal on Indebtedness the proceeds of which have been contributed to Holdings or any of its Restricted Subsidiaries and that has been guaranteed by, or is otherwise considered
Indebtedness of, Holdings Incurred in accordance with Section 4.03; provided, however, that any such contribution will not increase the amount available for Restricted Payments under Section 4.04(a)(3) or be used to incur
Contribution Indebtedness or to make a Restricted Payment pursuant to Section 4.04(b) (other than payments permitted by this clause (xiii); provided further, however, any such dividends, other distributions or other
amounts used to pay interest are treated as interest payments of Holdings for purposes of the Indenture; 
 (xiv)
cash dividends or other distributions on Holdings’ Capital Stock used to, or the making of loans to any direct or indirect parent of Holdings to, fund the payment of fees and expenses incurred in connection with the Offering Transactions or
owed by Holdings or any Restricted Subsidiaries of Holdings to Affiliates, in each case to the extent permitted by Section 4.07; 
  

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 (xv) repurchases of Equity Interests deemed to occur upon exercise of stock
options if such Equity Interests represent a portion of the exercise price of such options; 
 (xvi) purchases of
receivables pursuant to a Receivables Repurchase Obligation in connection with a Qualified Receivables Financing; 
 (xvii) in the event of a Change of Control, the payment, purchase, redemption, defeasance or other acquisition or retirement of Subordinated Indebtedness or Disqualified Stock of Holdings or Subordinated Indebtedness of any Guarantor or
Disqualified Stock or Preferred Stock of any Restricted Subsidiary, in each case, at a purchase price not greater than 101% of the principal amount or liquidation preference, as applicable (or, if such Subordinated Indebtedness was issued with
original issue discount, 101% of the accreted value), of such Subordinated Indebtedness, Disqualified Stock or Preferred Stock, plus any accrued and unpaid interest or dividends thereon; provided, however, that prior to such payment, purchase,
redemption, defeasance or other acquisition or retirement, the Issuers (or a third party to the extent permitted by this Indenture) have made a Change of Control Offer with respect to the Notes as a result of such Change of Control and have
repurchased all Notes validly tendered and not withdrawn in connection with such Change of Control Offer; and 
 (xviii) in the event of an Asset Sale that requires the Issuers to offer to purchase Notes pursuant to Section 4.06, the payment, purchase, redemption, defeasance or other acquisition or retirement of Subordinated Indebtedness or
Disqualified Stock of Holdings or Subordinated Indebtedness of any Guarantor or Disqualified Stock or Preferred Stock of any Restricted Subsidiary, in each case, at a purchase price not greater than 100% of the principal amount or liquidation
preference, as applicable (or, if such Subordinated Indebtedness was issued with original issue discount, 100% of the accreted value), of such Subordinated Indebtedness, Disqualified Stock or Preferred Stock, plus any accrued and unpaid interest or
dividends thereon; provided, however, that (i) prior to such payment, purchase, redemption, defeasance or other acquisition or retirement, the Issuers (or a third party to the extent permitted by this Indenture) have made an Asset
Sale Offer with respect to the Notes as a result of such Asset Sale and have repurchased all Notes validly tendered and not withdrawn in connection with such Asset Sale Offer and (ii) the aggregate amount of all such payments, purchases,
redemptions, defeasances or other acquisitions or retirements of all such Subordinated Indebtedness, Disqualified Stock and Preferred Stock may not exceed the amount of the Excess Proceeds used to determine the aggregate purchase price of the Notes
tendered for in such Asset Sale Offer less the aggregate amount applied in connection with such Asset Sale Offer; 
 (xix) any Restricted Payments made in connection with the consummation of the Recapitalization, as set forth under the heading “Use of Proceeds” in the Existing Notes Offering Circular, the payment of the dividend declared on
May 31, 2005 but not yet paid, in the amount included in other long-term liabilities as of June 30, 2006, and the repayment or repurchase of the Parish of Ascension, Louisiana Industrial Revenue Bonds of Holdings; and 
  

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 (xx) payments of cash, or dividends, distributions or advances by Holdings
or any Restricted Subsidiary to allow any such entity to make payments of cash, in lieu of the issuance of fractional shares upon the exercise of warrants or upon the conversion or exchange of Capital Stock of any such Person; provided,
however, the aggregate amount of such payments, dividends, distributions or advances does not exceed $3 million; 
 provided,
however, that at the time of, and after giving effect to, any Restricted Payment permitted under clauses (vi), (vii), (x), (xi), (xvii) and (xviii) of this Section 4.04(b), no Default shall have occurred and be continuing
or would occur as a consequence thereof. 
 (c) Holdings shall not permit any Unrestricted Subsidiary to become a Restricted
Subsidiary except pursuant to the definition of “Unrestricted Subsidiary.” For purposes of designating any Restricted Subsidiary as an Unrestricted Subsidiary, all outstanding Investments by Holdings and its Restricted Subsidiaries (except
to the extent repaid) in the Subsidiary so designated shall be deemed to be Restricted Payments in an amount determined as set forth in the last sentence of the definition of “Investments.” Such designation shall only be permitted if a
Restricted Payment in such amount would be permitted at such time and if such Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. 
 (d) For the purposes of this covenant, any payment made on or after the Existing Notes Issue Date but prior to the Issue Date will be deemed to be a “Restricted Payment” to the extent that such
payment would have been a Restricted Payment had the Indenture been in effect at the time of such payment (and, to the extent that such Restricted Payment was permitted by clauses (i) through (xx) above or as a Permitted Investment, such
Restricted Payment may be deemed by Holdings to have been made pursuant to such clause or as such a Permitted Investment). 
 SECTION 4.05. Dividend and Other Payment Restrictions Affecting Subsidiaries. Holdings shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create or otherwise cause or suffer to exist or
become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to: 
 (a) pay
dividends or make any other distributions to Holdings or any of its Restricted Subsidiaries (1) on its Capital Stock; or (2) with respect to any other interest or participation in, or by, its profits; or (ii) pay any Indebtedness owed
to Holdings or any of its Restricted Subsidiaries; 
 (b) make loans or advances to Holdings or any of its Restricted
Subsidiaries; or 
 (c) sell, lease or transfer any of its properties or assets to Holdings or any of its Restricted
Subsidiaries; 
 except in each case for such encumbrances or restrictions existing under or by reason of: 
  

	 	(1)	contractual encumbrances or restrictions in effect on the Issue Date, including pursuant to the Credit Agreement and the other Senior Credit Documents;

  

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	 	(2)	this Indenture, the Notes, the Security Documents, the New Intercreditor Agreement and the Existing Intercreditor Agreement; 

  

	 	(3)	applicable law or any applicable rule, regulation or order; 

  

	 	(4)	any agreement or other instrument relating to Indebtedness of a Person acquired by Holdings or any Restricted Subsidiary which was in existence at the time of such
acquisition (but not created in contemplation thereof or to provide all or any portion of the funds or credit support utilized to consummate such acquisition), which encumbrance or restriction is not applicable to any Person, or the properties or
assets of any Person, other than the Person, or the property or assets of the Person, so acquired; 

  

	 	(5)	any restriction with respect to a Restricted Subsidiary imposed pursuant to an agreement entered into for the sale or disposition of all or substantially all the
Capital Stock or assets of such Restricted Subsidiary pending the closing of such sale or disposition; 

  

	 	(6)	Secured Indebtedness otherwise permitted to be Incurred pursuant to Sections 4.03 and 4.12 that limit the right of the debtor to dispose of the assets securing such
Indebtedness; 

  

	 	(7)	restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the ordinary course of business; 

  

	 	(8)	customary provisions in joint venture agreements and other similar agreements entered into in the ordinary course of business; 

  

	 	(9)	purchase money obligations for property acquired in the ordinary course of business or Capitalized Lease Obligations that impose restrictions of the nature discussed in
clause (c) above on the property so acquired; 

  

	 	(10)	customary provisions contained in leases and other similar agreements entered into in the ordinary course of business that impose restrictions of the type described in
clause (c) above on the property subject to such lease; 

  

	 	(11)	any encumbrance or restriction of a Receivables Subsidiary effected in connection with a Qualified Receivables Financing; provided, however, that such restrictions
apply only to such Receivables Subsidiary; 

  

	 	(12)	other Indebtedness 

 (i) of (A) Holdings or (B) any Restricted Subsidiary of Holdings, in each case that (x) is Incurred subsequent to the Issue Date pursuant to Section 4.03 and (y) an Officer reasonably and in good faith determines at
the time such Indebtedness is Incurred (and at the time of any modification of the terms of any such encumbrance or restriction) that any such encumbrance or restriction will not materially adversely affect Holdings’ ability to honor its
Guarantee of the Notes and any other Indebtedness that is an obligation of Holdings and such determination is set forth in an Officers’ Certificate delivered to the Trustee, or 
  

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 (ii) that is Incurred by a Foreign Subsidiary of Holdings subsequent to the
Issue Date pursuant to clauses (iv), (xii), (xiii) (but limited to guarantees of Indebtedness of other Foreign Subsidiaries described in this clause (12)(ii)), (xiv) (but only to the extent such Indebtedness refunds, refinances or
decreases Indebtedness of such Foreign Subsidiary Incurred pursuant to clause (iv) or (xii)) or (xx) of Section 4.03(b); provided, however, that such encumbrance or restriction applies only to Foreign Subsidiaries of
Holdings; or 
  

	 	(13)	any encumbrances or restrictions of the type referred to in clauses (a), (b) and (c) above imposed by any amendments, modifications, restatements,
renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations referred to in clauses (1) through (12) above; provided, however, that such amendments, modifications,
restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good faith judgment of Holdings, no more restrictive with respect to such dividend and other payment restrictions than those contained in the
dividend or other payment restrictions prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing. 

 For purposes of determining compliance with this Section 4.05, (i) the priority of any Preferred Stock in receiving dividends or liquidating distributions prior to dividends or liquidating
distributions being paid on common stock shall not be deemed a restriction on the ability to make distributions on Capital Stock and (ii) the subordination of loans or advances made to Holdings to other Indebtedness Incurred by Holdings shall
not be deemed a restriction on the ability to make loans or advances. 
 SECTION 4.06. Asset Sales. (a) Holdings
shall not, and shall not permit any of its Restricted Subsidiaries to, cause or make an Asset Sale, unless (x) Holdings or any of its Restricted Subsidiaries, as the case may be, receives consideration at the time of such Asset Sale at least
equal to the Fair Market Value (as determined in good faith by Holdings) of the assets sold or otherwise disposed of and (y) at least 75% of the consideration therefor received by Holdings or such Restricted Subsidiary, as the case may be, is
in the form of Cash Equivalents; provided, however, that the amount of: 
 (i) any liabilities (as
shown on Holdings’ or such Restricted Subsidiary’s most recent balance sheet or in the notes thereto) of Holdings or any Restricted Subsidiary of Holdings (other than liabilities that are by their terms subordinated to the Notes or the
Guarantees of the Notes, as the case may be) that are assumed by the transferee of any such assets, 
 (ii) any
notes or other obligations or other securities or assets received by Holdings or such Restricted Subsidiary from such transferee that are converted by Holdings or such Restricted Subsidiary into cash within 180 days of the receipt thereof (to the
extent of the cash received), and 
  

 64 

 (iii) any Designated Non-cash Consideration received by Holdings or any of
its Restricted Subsidiaries in such Asset Sale having an aggregate Fair Market Value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (iii) that is at that time outstanding, not to exceed the
greater of 3% of Total Assets and $25 million at the time of the receipt of such Designated Non-cash Consideration (with the Fair Market Value of each item of Designated Non-cash Consideration being measured at the time received and without giving
effect to subsequent changes in value) 
 shall be deemed to be Cash Equivalents for the purposes of this Section 4.06(a). 
 (b) Within 365 days after Holdings’ or any Restricted Subsidiary’s receipt of the Net Proceeds of any Asset Sale, Holdings or such
Restricted Subsidiary may apply the Net Proceeds from such Asset Sale, at its option to any one or more of the following: 
 (i) to permanently reduce any Indebtedness constituting First-Priority Lien Obligations or Indebtedness of a Restricted Subsidiary that is not a Guarantor (and, in the case of revolving Obligations, to
correspondingly reduce commitments with respect thereto) or any Pari Passu Indebtedness, in each case other than Indebtedness owed to Holdings or an Affiliate of Holdings; provided, however, that if the Issuers or any Guarantor shall
so reduce any Pari Passu Indebtedness (other than any First-Priority Lien Obligation), the Issuers shall equally and ratably reduce Indebtedness under the Notes by making an offer to all Holders to purchase at a purchase price equal to 100% of the
principal amount thereof, plus accrued and unpaid interest, and additional interest, if any, the pro rata principal amount of the Notes), such offer to be conducted in accordance with the procedures set forth below for an Asset Sale Offer but
without any further limitation in amounts; or 
 (ii) to an investment in any one or more businesses or capital
expenditures, in each case used or useful in a Similar Business; provided, however, that if such investment is in the form of the acquisition of Capital Stock of a Person, such acquisition results in such Person becoming a Restricted
Subsidiary of Holdings or, if such Person is a Restricted Subsidiary of Holdings, in an increase in the percentage ownership of such Person by Holdings or any Restricted Subsidiary of Holdings; or 
 (iii) to make an investment in any one or more businesses; provided, however, that if such investment is in the
form of the acquisition of Capital Stock of a Person, such acquisition results in such Person becoming a Restricted Subsidiary of Holdings or, if such Person is a Restricted Subsidiary of Holdings, in an increase in the percentage ownership of such
Person by Holdings or any Restricted Subsidiary of Holdings. 
 Pending the final application of any such Net Proceeds, Holdings or such
Restricted Subsidiary of Holdings may temporarily reduce Indebtedness under a revolving credit facility, if any, or otherwise invest such Net Proceeds in Cash Equivalents or Investment Grade Securities. Any Net Proceeds from any Asset Sale that are
not applied as provided and within the time period set

  

 65 

 
forth in the first sentence of this Section 4.06(b) shall be deemed to constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds $15 million, the Issuers
shall make an offer to all Holders of Notes (and, at the option of the Issuers, to holders of any Pari Passu Indebtedness) (an “Asset Sale Offer”) to purchase the maximum principal amount of Notes (and such Pari Passu Indebtedness) that is
an integral multiple of $1,000 that may be purchased out of the Excess Proceeds at an offer price in cash in an amount equal to 100% of the principal amount thereof (or, in the event such Pari Passu Indebtedness was issued with significant original
issue discount, 100% of the accreted value thereof), plus accrued and unpaid interest and additional interest, if any (or, in respect of such Pari Passu Indebtedness, such lesser price, if any, as may be provided for by the terms of such Pari Passu
Indebtedness) to the date fixed for the closing of such offer, in accordance with the procedures set forth in this Section 4.06. The Issuers shall commence an Asset Sale Offer with respect to Excess Proceeds within ten Business Days after the
date that Excess Proceeds exceeds $15 million by mailing the notice required pursuant to the terms of Section 4.06(f), with a copy to the Trustee. To the extent that the aggregate amount of Notes (and such Pari Passu Indebtedness) tendered
pursuant to an Asset Sale Offer is less than the Excess Proceeds, the Issuers may use any remaining Excess Proceeds for general corporate purposes. If the aggregate principal amount of Notes (and such Pari Passu Indebtedness) surrendered by Holders
thereof exceeds the amount of Excess Proceeds, the applicable trustees shall select the Notes (and such Pari Passu Indebtedness) to be purchased in the manner described in Section 4.06(e). Upon completion of any such Asset Sale Offer, the
amount of Excess Proceeds which served as the basis for such Asset Sale Offer shall be reduced to zero. 
 (c) The Issuers shall
comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations to the extent such laws or regulations are applicable in connection with the repurchase of the Notes pursuant to an Asset Sale Offer. To
the extent that the provisions of any securities laws or regulations conflict with the provisions of this Indenture, the Issuers shall comply with the applicable securities laws and regulations and shall not be deemed to have breached their
obligations described in this Indenture by virtue thereof. 
 (d) Not later than the date upon which written notice of an Asset
Sale Offer is delivered to the Trustee as provided above, the Issuers shall deliver to the Trustee an Officers’ Certificate as to (i) the amount of the Excess Proceeds, (ii) the allocation of the Net Proceeds from the Asset Sales
pursuant to which such Asset Sale Offer is being made and (iii) the compliance of such allocation with the provisions of Section 4.06(b). On such date, the Issuers shall also irrevocably deposit with the Trustee or with a paying agent (or,
if Holdings or a Wholly Owned Restricted Subsidiary of Holdings is acting as a Paying Agent, segregate and hold in trust) an amount equal to the Excess Proceeds to be invested in Cash Equivalents, as directed in writing by Holdings, and to be held
for payment in accordance with the provisions of this Section 4.06. Upon the expiration of the period for which the Asset Sale Offer remains open (the “Offer Period”), the Issuers shall deliver to the Trustee for cancellation the
Notes or portions thereof that have been properly tendered to and are to be accepted by the Issuers. The Trustee (or a Paying Agent, if not the Trustee) shall, on the date of purchase, mail or deliver payment to each tendering Holder in the amount
of the purchase price. In the event that the Excess Proceeds delivered by the Issuers to the Trustee is greater than the purchase price of the Notes tendered, the Trustee shall deliver the excess to the Issuers immediately after the expiration of
the Offer Period for application in accordance with Section 4.06. 
  

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 (e) Holders electing to have a Note purchased shall be required to surrender the Note, with
an appropriate form duly completed, to the Issuers at the address specified in the notice at least three Business Days prior to the purchase date. Holders shall be entitled to withdraw their election if the Trustee or the Issuers receive not later
than one Business Day prior to the Purchase Date, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note which was delivered by the Holder for purchase and a statement that such
Holder is withdrawing his election to have such Note purchased. If at the end of the Offer Period more Notes (and Pari Passu Indebtedness) are tendered pursuant to an Asset Sale Offer than the Issuers are required to purchase, the principal amount
of the Notes (and Pari Passu Indebtedness) to be purchased will be determined pro rata based on the principal amounts so tendered and the selection of the actual Notes of each series for purchase shall be made by the Trustee on a pro rata basis to
the extent practicable; provided, however, that no Notes (or Pari Passu Indebtedness) of $1,000 or less shall be purchased in part. 
 (f) Notices of an Asset Sale Offer shall be mailed by first class mail, postage prepaid, at least 30 but not more than 60 days before the purchase date to each Holder at such Holder’s registered
address. If any Note is to be purchased in part only, any notice of purchase that relates to such Note shall state the portion of the principal amount thereof that has been or is to be purchased. 
 (g) A new Note of the same series in principal amount equal to the unpurchased portion of any Note purchased in part shall be issued in the
name of the Holder thereof upon cancellation of the original Note. On and after the purchase date, unless the Issuers default in payment of the purchase price, interest shall cease to accrue on Notes or portions thereof purchased. 
 SECTION 4.07. Transactions with Affiliates. (a) Holdings shall not, and shall not permit any of its Restricted Subsidiaries to,
directly or indirectly, make any payment to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction or series of transactions,
contract, agreement, understanding, loan, advance or guarantee with, or for the benefit of, any Affiliate of Holdings (each of the foregoing, an “Affiliate Transaction”) involving aggregate consideration in excess of $2.5 million, unless:

 (i) such Affiliate Transaction is on terms that are not materially less favorable to Holdings or the relevant
Restricted Subsidiary than those that could reasonably have been obtained in a comparable transaction by Holdings or such Restricted Subsidiary with an unaffiliated party; and 
 (ii) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration
in excess of $20 million, Holdings delivers to the Trustee a resolution adopted in good faith by the majority of the Board of Directors of Holdings, approving such Affiliate Transaction and set forth in an Officers’ Certificate certifying that
such Affiliate Transaction complies with clause (i) above. 
  

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 (b) The provisions of Section 4.07(a) shall not apply to the following: 
 (i) (A) transactions between or among Holdings or any of its Restricted Subsidiaries and (B) any merger of Holdings and
any direct parent company of Holdings; provided; however, that such parent shall have no material liabilities and no material assets other than cash, Cash Equivalents and the Capital Stock of Holdings and such merger is otherwise in
compliance with the terms of this Indenture and effected for a bona fide business purpose; 
 (ii) Restricted
Payments permitted by Section 4.04 and Permitted Investments; 
 (iii) the entering into of any agreement to
pay, and the payment of, annual management, consulting, monitoring and advisory fees and expenses to the Sponsor in an aggregate amount in any fiscal year not to exceed the greater of (x) $3 million and (y) 2% of EBITDA of Holdings and its
Restricted Subsidiaries for the immediately preceding fiscal year; provided, however, any payment not made in any fiscal year may be carried forward and paid in the following two fiscal years; 
 (iv) the payment of reasonable and customary fees paid to, and indemnity provided on behalf of, officers, directors,
employees or consultants of Holdings or any Restricted Subsidiary or any direct or indirect parent company of Holdings; 
 (v) payments by Holdings or any of its Restricted Subsidiaries to the Sponsor made for any financial advisory, financing, underwriting or placement services or in respect of other investment banking activities, including, without
limitation, in connection with acquisitions or divestitures, which payments are (x) approved by a majority of the Board of Directors of Holdings in good faith or (y) made pursuant to any “Certain Relationships and Related Party
Transactions” in the Offering Circular (or in a document incorporated by reference therein); 
 (vi)
transactions in which Holdings or any of its Restricted Subsidiaries, as the case may be, delivers to the Trustee a letter from an Independent Financial Advisor stating that such transaction is fair to Holdings or such Restricted Subsidiary from a
financial point of view or meets the requirements of clause (i) of Section 4.07(a); 
 (vii) payments
or loans to employees or consultants in the ordinary course of business which are approved by a majority of the Board of Directors of Holdings in good faith; 
 (viii) the existence of, or the performance by Holdings or any of its Restricted Subsidiaries under terms of, any agreement
or instrument (other than with the Sponsor, except to the extent the Sponsor includes Holdings, any of its direct or indirect parents, Borden Holdings, LLC or any Subsidiary of Holdings) as in effect as of the Issue Date or any amendment thereto (so
long as any such agreement or instrument together with all amendments thereto, taken as a whole, is not more disadvantageous to the Holders of the Notes in any material respect than the original agreement or instrument as in effect on the Issue
Date) or any transaction contemplated thereby; 
  

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 (ix) the existence of, or the performance by Holdings or any of its
Restricted Subsidiaries of its obligations under the terms of, any stockholders agreement or investor rights agreement (including any registration rights agreement or purchase agreement related thereto) to which it is a party as of the Issue Date
and any amendment thereto or similar agreements which it may enter into thereafter; provided, however, that the existence of, or the performance by Holdings or any of its Restricted Subsidiaries of its obligations under, any future
amendment to any such existing agreement or under any similar agreement entered into after the Issue Date shall only be permitted by this clause (ix) to the extent that the terms of any such existing agreement together with all amendments
thereto, taken as a whole, or new agreement are not otherwise more disadvantageous to the Holders of the Notes in any material respect than the original agreement as in effect on the Issue Date; 
 (x) the payment of all fees and expenses related to the Offering Transactions, including fees to the Sponsor, which are
described in the Offering Circular; 
 (xi) (A) transactions with customers, clients, suppliers, toll
manufacturers or purchasers or sellers of goods or services, in each case in the ordinary course of business and otherwise in compliance with the terms of this Indenture, on terms at least as favorable as could reasonably have been obtained at such
time from an unaffiliated party or (B) transactions with joint ventures or Unrestricted Subsidiaries for the purchase or sale of chemicals, equipment and services entered into in the ordinary course of business; 
 (xii) any transaction effected as part of a Qualified Receivables Financing; 
 (xiii) the issuance of Equity Interests (other than Disqualified Stock) of Holdings; 
 (xiv) the issuances of securities or other payments, awards or grants in cash, securities or otherwise pursuant to or the
funding of, employment arrangements, stock option and stock ownership plans or similar employee benefit plans approved by the Board of Directors of Holdings or of a Restricted Subsidiary, as appropriate, in good faith; 
 (xv) the entering into of any tax sharing agreement or arrangement and any payments permitted by
Section 4.04(b)(xii)(A); 
 (xvi) any contribution to the capital of Holdings; and 
 (xvii) the Issuers’ Assumption. 
 SECTION 4.08. Change of Control. (a) The occurrence of any Change of Control will constitute an Event of Default unless the Issuers (i)(A) make an offer within 30 days following such
Change of Control to all holders of the Notes to purchase all the Notes properly tendered (a “Change of Control Offer”) at a purchase price (the “Change of Control Purchase Price”) in cash equal to 101% of the principal amount
thereof, plus accrued and unpaid interest, if any, to the date of repurchase (subject to the right of the Holders of record on the relevant record date to receive interest due on the relevant interest payment date), in accordance with the

  

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terms contemplated in this Section 4.08; and (B) purchase all the Notes properly tendered in accordance with the Change of Control Offer or (ii) exercise their right, within 30
days following such Change of Control, to redeem all the Notes in accordance with Article 3 of this Indenture. 
 (b) (i) A
“Change of Control Offer” means a notice mailed to each Holder with a copy to the Trustee stating: 
  

	 	(1)	that a Change of Control has occurred and that such Holder has the right to require the Issuers to purchase all or a portion of such Holder’s Notes at a purchase
price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest to the date of purchase (subject to the right of the Holders of record on the relevant record date to receive interest on the relevant interest payment
date); 

  

	 	(2)	the circumstances and relevant facts and financial information regarding such Change of Control; 

  

	 	(3)	the repurchase date (which shall be no earlier than 30 days nor later than 60 days from the date such notice is mailed); and 

  

	 	(4)	the instructions determined by the Issuers, consistent with this Section, that a Holder must follow in order to have its Notes purchased. 

 (ii) A Change of Control Offer may be made in advance of a Change of Control, and conditioned upon such Change of Control, if
a definitive agreement is in place for the Change of Control at the time of making of the Change of Control Offer. 
 (c)
Holders electing to have a Note purchased shall be required to surrender the Note, with an appropriate form duly completed, to the Issuers at the address specified in the notice at least three Business Days prior to the purchase date. The Holders
shall be entitled to withdraw their election if the Trustee or the Issuers receive not later than one Business Day prior to the purchase date a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal
amount of the Note which was delivered for purchase by the Holder and a statement that such Holder is withdrawing his election to have such Note purchased. Holders whose Notes are purchased only in part shall be issued new Notes equal in principal
amount to the unpurchased portion of the Notes surrendered. 
 (d) On the purchase date, all Notes purchased by the Issuers
under this Section shall be delivered to the Trustee for cancellation, and the Issuers shall pay the purchase price plus accrued and unpaid interest to the Holders entitled thereto. 
 (e) Notwithstanding the foregoing provisions of this Section, the Issuers shall be deemed to have made a Change of Control Offer upon a
Change of Control if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in Section 4.08(b) applicable to a Change of Control Offer made by the Issuers and
purchases all Notes validly tendered and not withdrawn under such Change of Control Offer. 
  

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 (f) At the time the Issuers deliver Notes to the Trustee which are to be accepted for
purchase, the Issuers shall also deliver an Officers’ Certificate stating that such Notes are to be accepted by the Issuers pursuant to and in accordance with the terms of this Section 4.08. A Note shall be deemed to have been accepted for
purchase at the time the Trustee, directly or through an agent, mails or delivers payment therefor to the surrendering Holder. 
 (g) Prior to any Change of Control Offer, the Issuers shall deliver to the Trustee an Officers’ Certificate stating that all conditions precedent contained herein to the right of the Issuers to make such offer have been complied with.

 (h) The Issuers shall comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and
any other securities laws or regulations in connection with the repurchase of Notes pursuant to a Change of Control Offer. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section, the Issuers
shall comply with the applicable securities laws and regulations and shall not be deemed to have failed to make a Change of Control Offer or purchase the Notes pursuant thereto under this Section by virtue thereof. 
 SECTION 4.09. Compliance Certificate. The Issuers shall deliver to the Trustee within 120 days after the end of each fiscal year of
the Issuers an Officers’ Certificate stating that in the course of the performance by the signers of their duties as Officers of the Issuers they would normally have knowledge of any Default and whether or not the signers know of any Default
that occurred during such period. If they do, the certificate shall describe the Default, its status and what action the Issuers are taking or proposes to take with respect thereto. The Issuers also shall comply with Section 314(a)(4) of the
TIA. 
 SECTION 4.10. Further Instruments and Acts. Upon request of the Trustee, the Issuers shall execute and deliver
such further instruments and do such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 
 SECTION 4.11. Future Guarantors. On the Issue Date, following the Issuers’ Assumption, Holdings and each of its domestic Restricted Subsidiaries that guarantees the Credit Agreement shall
guarantee the Notes as set forth in Article 10 hereof. After the Issuers’ Assumption, Holdings shall cause each of its Restricted Subsidiaries (other than (x) a Foreign Subsidiary, (y) a Receivables Subsidiary or (z) a Domestic
Subsidiary, that is wholly owned by one or more Foreign Subsidiaries, created to enhance the worldwide tax efficiency of Holdings and its Subsidiaries) that: 
 (a) guarantees any Indebtedness of Holdings or any of its Restricted Subsidiaries; or 
 (b) Incurs any Indebtedness or issues any shares of Disqualified Stock permitted to be Incurred or issued pursuant to clause (i) or (xii) of Section 4.03(b) or not permitted to be Incurred by such Section 4.03

 to execute and deliver to the Trustee a supplemental indenture substantially in the form of Appendix B pursuant to which such Subsidiary
shall guarantee payment of the Notes. The parties hereto hereby acknowledge that the Subsidiary Guarantors party to this Indenture as of the date any supplemental indenture is to be executed need not be party to such supplemental indenture.

  

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 SECTION 4.12. Liens. Holdings shall not, and shall not permit any of its Restricted
Subsidiaries to, directly or indirectly, create, Incur or suffer to exist any Lien (the “Initial Lien”) on any asset or property of Holdings or such Restricted Subsidiary of Holdings, or any income or profits therefrom, or assign or convey
any right to receive income therefrom, whether owned at the Issue Date or thereafter acquired, (i) that secures any Indebtedness of any Person (other than Permitted Liens) and (ii) that secures any First-Priority Lien Obligation of
Holdings or any Subsidiary Guarantor without (in the case of this clause (ii)) effectively providing that the Notes or the applicable Guarantee, as the case may be, shall be granted a security interest (subject to Permitted Liens) upon the assets or
property constituting the collateral for such First-Priority Lien Obligations (on a basis that ranks junior to such liens on substantially the terms set forth in the New Intercreditor Agreement); provided, however, that if granting
such security interest requires the consent of a third party, Holdings will use commercially reasonable efforts to obtain such consent with respect to the security interest for the benefit of the Trustee on behalf of the holders of the Notes;
provided further, however, that if such third party does not consent to the granting of such security interest after the use of commercially reasonable efforts, Holdings will not be required to provide such security interest.

 SECTION 4.13. Maintenance of Office or Agency. 
 (a) The Issuers shall maintain, an office or agency (which may be an office of the Trustee or an affiliate of the Trustee or Registrar)
where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Issuers in respect of the Notes and this Indenture may be served. The Issuers shall give prompt written notice to the Trustee of
the location, and any change in the location, of such office or agency. If at any time the Issuers 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 as set forth in Section 13.02. 
 (b) The Issuers may also from time to time designate one or more other offices or agencies where the Notes may be presented or surrendered for any or all 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 Issuers of their obligation to maintain an office or agency for such purposes. The Issuers shall 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. 
 (c) The Issuers hereby designate the
corporate trust office of the Trustee or its Agent as such office or agency of the Issuers in accordance with Section 2.04. 
 SECTION 4.14. Impairment of Security Interest. Subject to the rights of the holders of Permitted Liens, Holdings shall not, and shall not permit any of its Restricted Subsidiaries to, take or knowingly or negligently omit to take,
any action which action or omission would or could reasonably be expected to have the result of materially impairing the

  

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security interest with respect to the Collateral for the benefit of the Trustee and the Holders, subject to limited exceptions. Holdings shall not amend, modify or supplement, or permit or
consent to any amendment, modification or supplement of, the Security Documents in any way that would be adverse to the Holders in any material respect, except as permitted under Articles 9 or 11 hereof or the New Intercreditor Agreement or the
Existing Intercreditor Agreement. 
 SECTION 4.15. After-Acquired Property. Upon the acquisition by the Issuers, Holdings
or any Guarantor of any First-Priority After-Acquired Property, the Issuers, Holdings or such Guarantor shall execute and deliver such mortgages, deeds of trust, security instruments, financing statements and certificates and opinions of counsel as
shall be reasonably necessary to vest in the Trustee a perfected security interest, subject only to Permitted Liens, in such First-Priority After-Acquired Property and to have such First-Priority After-Acquired Property (but subject to certain
limitations, if applicable, including as set forth in Section 11.01(b)) added to the Collateral, and thereupon all provisions of this Indenture relating to the Collateral shall be deemed to relate to such First-Priority After-Acquired Property
to the same extent and with the same force and effect; provided, however, that if granting such security interest in such First-Priority After-Acquired Property requires the consent of a third party, Holdings shall use commercially
reasonable efforts to obtain such consent with respect to the interest for the benefit of the Trustee on behalf of the Holders; provided further, however, that if such third party does not consent to the granting of such security
interest after the use of such commercially reasonable efforts, Holdings or such Guarantor, as the case may be, will not be required to provide such security interest. 
 SECTION 4.16. Limitation on Indenture Restricted Subsidiaries. Holdings will not, and will not permit any of its Restricted Subsidiaries to, take or knowingly or negligently omit to take any action
which action or omission could reasonably be expected to or would have the result of any Existing Debentures Subsidiary being an Indenture Restricted Subsidiary at any time when the negative covenants contained in the Existing Debentures are
applicable to an Indenture Restricted Subsidiary unless such Subsidiary concurrently becomes a Subsidiary Guarantor and, after giving effect thereto, there is no default under the Existing Debentures. 
 SECTION 4.17. Limitation on Issuers. Holdings will not cease to beneficially own (as defined in Rules 13d-3 and 13d-5 under the
Exchange Act), directly or indirectly, 100% of the Voting Stock of the Issuers (except to the extent either of the Issuers is merged with and into Holdings or a Guarantor in accordance with the terms of the Indenture). The Issuers will not own any
material assets or other property, other than Indebtedness or other obligations owing to the Issuers by Holdings and its Restricted Subsidiaries and Cash Equivalents, or engage in any trade or conduct any business other than treasury, cash
management, hedging and cash pooling activities and activities incidental thereto. The Issuers will not Incur any material liabilities or obligations other than their obligations pursuant to the Notes, the Indenture, the Credit Agreement, the
Security Documents and other Indebtedness permitted to be Incurred by the Issuers under Section 4.03 and liabilities and obligations pursuant to business activities permitted by this Section 4.17. 
  

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 SECTION 4.18. Limitation on Issuers Prior to the Issuers’ Assumption. Prior to
the Issuers’ Assumption, the Issuers will comprise a limited purpose limited liability company and a corporation whose primary activities are restricted to (a) issuing the Notes, (b) issuing capital stock or limited liability company
interests, as applicable, to, and receiving capital contributions from, Holdings, (c) performing their obligations in respect of the Notes under this Indenture, (d) consummating the Issuers’ Assumption, and (e) conducting such
other activities as are necessary or appropriate to carry out the activities described above. Prior to the Issuers’ Assumption, the Issuers will not issue any debt other than the Notes, and will not own, hold or otherwise have any interest in
any assets other than cash or Cash Equivalents. 
 ARTICLE 5 
 MERGER, CONSOLIDATION OR SALE OF ALL 
 OR
SUBSTANTIALLY ALL ASSETS 
 SECTION 5.01. Merger, Consolidation or Sale of All or Substantially All Assets.
(a) Holdings shall not consolidate or merge with or into or wind up into (whether or not Holdings is the surviving corporation), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or
assets in one or more related transactions to, any Person unless: 
 (i) Holdings is the surviving corporation or
the Person formed by or surviving any such consolidation or merger (if other than Holdings) or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made is a corporation, partnership or limited liability
company organized or existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof (Holdings or such Person, as the case may be, being herein called the “Successor Company”);

 (ii) the Successor Company (if other than Holdings) expressly assumes all the obligations of Holdings under
this Indenture and the Notes pursuant to supplemental indentures or other documents or instruments in form reasonably satisfactory to the Trustee; 
 (iii) immediately after giving effect to such transaction no Default shall have occurred and be continuing; 
 (iv) immediately after giving pro forma effect to such transaction, as if such transaction had occurred at the beginning of the applicable four-quarter period (and treating any Indebtedness which becomes
an obligation of the Successor Company or any of its Restricted Subsidiaries as a result of such transaction as having been Incurred by the Successor Company or such Restricted Subsidiary at the time of such transaction), either 
 (A) the Successor Company would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio
test set forth in Section 4.03(a); or 
 (B) the Fixed Charge Coverage Ratio for the Successor Company and its Restricted
Subsidiaries would be greater than the Fixed Charge Coverage Ratio for Holdings and its Restricted Subsidiaries immediately prior to such transaction; and 
  

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 (v) Holdings shall have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental indentures (if any) comply with this Indenture. 
 The Successor Company shall succeed to, and be substituted for, Holdings under this Indenture and its Guarantee and, in the case of the sale by Holdings of all or substantially all of its properties or
assets, Holdings, the Guarantors and the Issuers shall be released from the obligation to guarantee, or, to pay, if applicable, the principal of and interest on the Notes. Notwithstanding the foregoing clauses (iii) and (iv), (a) any
Restricted Subsidiary may consolidate with, merge into or transfer all or part of its properties and assets to Holdings or to another Restricted Subsidiary, and (b) Holdings may merge with an Affiliate incorporated solely for the purpose of
reincorporating Holdings in another state of the United States so long as the amount of Indebtedness of Holdings and its Restricted Subsidiaries is not increased thereby. 
 (b) An Issuer will not, and Holdings will not permit an Issuer to, consolidate, or merge or amalgamate with or into or wind up into (whether or not such Issuer is the surviving corporation), or sell,
assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets in one or more related transactions, to any Person unless: 
 (i) such Issuer is the surviving entity or the Person formed by or surviving any such consolidation, merger or amalgamation
(if other than such Issuer) or to which such sale, assignment, transfer, lease, conveyance or other disposition will have been made is a corporation, partnership, limited liability company or unlimited liability company organized and existing under
the laws of Canada or the laws of any political subdivision thereof or the laws of the United States of America, any state thereof or the District of Columbia, or any territory thereof (such Issuer or such Person, as the case may be, being herein
called, a “Successor Issuer”); 
 (ii) a Successor Issuer (if other than such Issuer) expressly
assumes, all the obligations of such Issuer under this Indenture and the Notes pursuant to supplemental indentures or other documents or instruments in form reasonably satisfactory to the Trustee; 
 (iii) immediately after giving effect to such transaction (and treating any Indebtedness which becomes an obligation of a
Successor Issuer as a result of such transaction as having been Incurred by such Successor Issuer at the time of such transaction), no Default shall have occurred and be continuing; and 
 (iv) Holdings shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that
such consolidation, merger, amalgamation, transfer and such supplemental indenture (if any) comply with this Indenture. 
 A
Successor Issuer will be the successor to the predecessor Issuer and shall succeed to, and be substituted for, and may exercise every right and power of, the predecessor Issuer under this Indenture, and the predecessor Issuer, except in the case of
a lease, shall be

  

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released from the obligation to pay the principal of and interest on the Notes. Notwithstanding the foregoing clause (iii), an Issuer may consolidate with, merge into, amalgamate with or
transfer all or part of its property and assets to Holdings or a Restricted Subsidiary. 
 (c) Holdings shall not permit any
Subsidiary Guarantor to consolidate or merge with or into or wind up into (whether or not such Subsidiary Guarantor is the surviving corporation), or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its
properties or assets in one or more related transactions to, any Person (other than any such sale, assignment, transfer, lease, conveyance or disposition in connection with the Offering Transaction described in the Offering Circular) unless:

 (i) such Subsidiary Guarantor is the surviving corporation or the Person formed by or surviving any such
consolidation or merger (if other than such Subsidiary Guarantor) or to which such sale, assignment, transfer, lease, conveyance or other disposition shall have been made is a corporation, partnership or limited liability company organized and
existing under the laws of the United States, any state thereof, the District of Columbia, or any territory thereof (such Subsidiary Guarantor or such Person, as the case may be, being herein called the “Successor Guarantor”); 

(ii) the Successor Guarantor (if other than such Guarantor) expressly assumes all the obligations of such Guarantor under
this Indenture and such Guarantors’ Guarantee pursuant to a supplemental indenture or other documents or instruments in form reasonably satisfactory to the Trustee; 
 (iii) immediately after giving effect to such transaction (and treating any Indebtedness which becomes an obligation of the
Successor Guarantor or any of its Subsidiaries as a result of such transaction as having been Incurred by the Successor Guarantor or such Subsidiary at the time of such transaction) no Default shall have occurred and be continuing; and 

(iv) the Successor Guarantor (if other than such Subsidiary Guarantor) shall have delivered or caused to be delivered to
the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental indenture (if any) comply with this Indenture. 
 The Successor Guarantor shall succeed to, and be substituted for, such Guarantor under this Indenture and such Guarantor’s Guarantee
and, in the case of the sale by such Guarantor of all or substantially all of its properties or assets, such Guarantor shall be released from its obligations to guarantee, or, to pay, if applicable, the principal of, or interest on, the Notes.
Notwithstanding the foregoing clause (iii), (1) a Guarantor may merge with an Affiliate incorporated solely for the purpose of reincorporating such Guarantor in another state of the United States, so long as the amount of Indebtedness of
the Guarantor is not increased thereby and (2) a Guarantor may merge with another Guarantor or an Issuer. 
 In addition,
notwithstanding the foregoing, any Guarantor may consolidate, amalgamate or merge with or into or wind up into, or sell, assign, transfer, lease, convey or otherwise dispose of all or substantially all of its properties or assets (collectively, a
“Permitted

  

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Transfer”) to (x) Holdings or any Guarantor or (y) any Restricted Subsidiary of Holdings that is not a Guarantor; provided that at the time of each such Permitted
Transfer pursuant to clause (y) the aggregate amount of all such Permitted Transfers since the Issue Date shall not exceed 5.0% of the Total Assets as shown on the most recent available balance sheet of Holdings and the Restricted Subsidiaries
after giving effect to each such Permitted Transfer and including all Permitted Transfers occurring from and after the Issue Date. 
 ARTICLE 6 
 DEFAULTS AND REMEDIES 
 SECTION 6.01. Events of Default. An “Event of Default” with respect to all of the Notes occurs if: 
 (a) the Issuers default in any payment of interest or any Additional Amounts on any Note when the same becomes due and payable, and such
default continues for a period of 30 days, 
 (b) the Issuers default in the payment of principal or premium, if any, of any
Note when due at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration or otherwise, 
 (c)
Holdings fails to comply with its obligations under Section 5.01, 
 (d) Holdings or any of its Restricted Subsidiaries
fails to comply with any of its obligations under the covenants set forth in Sections 4.02, 4.03, 4.04, 4.05, 4.06, 4.07, 4.11, 4.12, 4.14, 4.15, 4.16 or 4.17 (in each case, other than a failure to purchase Notes when required under
Section 4.06) and such failure continues for 30 days after the notice specified below, 
 (e) Holdings or any of its
Restricted Subsidiaries fails to comply with any of its agreements in the Notes or this Indenture (other than those referred to in (a), (b), (c), or (d) above) and such failure continues for 60 days after the notice specified below, 

(f) Holdings or any Significant Subsidiary fails to pay any Indebtedness (other than Indebtedness owing to Holdings or a Restricted
Subsidiary of Holdings) within any applicable grace period after final maturity or the acceleration of any such Indebtedness (or, with respect to the pollution control bonds constituting Existing Debentures, failure to pay under the guarantees of
Holdings and its applicable Restricted Subsidiaries related thereto) by the holders thereof because of a default, in each case, if the total amount of such Indebtedness unpaid or accelerated exceeds $20 million or its foreign currency equivalent,

 (g) Holdings, the Issuers or any Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law: 

(i) commences a voluntary case; 
 (ii) consents to the entry of an order for relief against it in an involuntary case; 
  

 77 

 (iii) consents to the appointment of a Custodian of it or for any
substantial part of its property; or 
 (iv) makes a general assignment for the benefit of its creditors

 or takes any comparable action under any foreign laws relating to insolvency, 
 (h) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 
 (i) is for relief against the Issuers, Holdings or any Significant Subsidiary in an involuntary case; 
 (ii) appoints a Custodian of Holdings, the Issuers or any Significant Subsidiary or for any substantial part of its property;
or 
 (iii) orders the winding up or liquidation of Holdings, the Issuers or any Significant Subsidiary;

 or any similar relief is granted under any foreign laws and the order or decree remains unstayed and in effect for 60 days, 
 (i) Holdings or any Significant Subsidiary fails to pay final judgments aggregating in excess of $20 million or its foreign currency
equivalent (net of any amounts which are covered by enforceable insurance policies issued by solvent carriers), which judgments are not discharged, waived or stayed for a period of 60 days following the entry thereof, 
 (j) the Guarantee of the Notes by a Significant Subsidiary ceases to be in full force and effect (except as contemplated by the terms
thereof or by this Indenture) or any Guarantor denies or disaffirms its obligations under this Indenture or any Guarantee and such Default continues for 10 days, 
 (k) unless all of the Collateral has been released from the Liens in accordance with the provisions of the Security Documents, Holdings shall assert or any Subsidiary shall assert, in any pleading in any
court of competent jurisdiction, that any such security interest is invalid or unenforceable and, in the case of any such Subsidiary, Holdings fails to cause such Subsidiary to rescind such assertions within 30 days after Holdings has actual
knowledge of such assertions, 
 (l) the failure by Holdings, the Issuers or any Restricted Subsidiary to comply for 60 days
after notice with its other agreements contained in the Security Documents except for a failure that would not be material to the Holders and would not materially affect the value of the Collateral taken as a whole, or 
 (m) a Change of Control shall occur and the Issuers do not cure this event as permitted under Section 4.08. 
  

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 The foregoing shall constitute Events of Default whatever the reason for any such Event of
Default and whether it is voluntary or involuntary or is 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. 
 The term “Bankruptcy Law” means Title 11, United States Code, or any similar Federal or state law for the relief of debtors. The
term “Custodian” means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 
 A Default under clause (d), (e) or (l) above shall not constitute an Event of Default until the Trustee notifies the Issuers or the Holders of at least 25% in principal amount of the outstanding Notes notify the Issuers and the
Trustee of the Default and the Issuers do not cure such Default within the time specified in clauses (d), (e) or (l) above after receipt of such notice. Such notice must specify the Default, demand that it be remedied and state that such
notice is a “Notice of Default”. Holdings shall deliver to the Trustee, within 30 days after the occurrence thereof, written notice in the form of an Officers’ Certificate of any event which is, or with the giving of notice or
the lapse of time or both would become, an Event of Default, its status and what action the Issuers are taking or proposes to take with respect thereto. 
 SECTION 6.02. Acceleration. If an Event of Default (other than an Event of Default specified in Section 6.01(g) or (h) with respect to Holdings or the Issuers) occurs and is continuing,
the Trustee by notice to the Issuers or the Holders of at least 25% in principal amount of outstanding Notes by notice to the Issuers and the Trustee, may declare the principal of, premium, if any, and accrued but unpaid interest on all the Notes to
be due and payable; provided, however, in the case of an Event of Default described in clause (a) or (b) of Section 6.01 with respect to a series of Notes, such notice may be given by 25% in principal amount of the
outstanding Notes of such series. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Section 6.01(g) or (h) with respect to Holdings or the Issuers occurs, the
principal of, premium, if any, and interest on all the Notes shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. The Holders of a majority in principal amount of
the Notes by notice to the Trustee may rescind an acceleration and its consequences if the rescission would not conflict with any judgment or decree and if all existing Events of Default have been cured or waived except nonpayment of principal or
interest that has become due solely because of acceleration; provided, however, that if the Notes of any series were accelerated as a result of an Event of Default described in clause (a) or (b) of Section 6.01 with
respect to a Note of such series, Holders of a majority in principal amount of the outstanding Notes of such series must also agree to rescind such acceleration and its consequences. No such rescission shall affect any subsequent Default or impair
any right consequent thereto. 
 SECTION 6.03. Other Remedies. If an Event of Default occurs and is continuing, the
Trustee may pursue any available remedy at law or in equity to collect the payment of principal of or interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 
  

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 The Trustee may maintain a proceeding even if it does not possess any of the Notes or does
not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the
Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative. 
 SECTION 6.04. Waiver
of Past Defaults. When a Default is waived, it is deemed cured and the Issuers, the Trustee and the Holders will be restored to their former positions and rights under this Indenture, but no such waiver shall extend to any subsequent or other
Default or impair any consequent right. 
 SECTION 6.05. Control by Majority. The Holders of a majority in principal
amount of the Notes may direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee. However, the Trustee may refuse to follow any direction that
conflicts with law or this Indenture or, subject to Section 7.01, that the Trustee determines is unduly prejudicial to the rights of any other Holder or that would involve the Trustee in personal liability; provided, however, that
the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. Prior to taking any action under this Indenture, the Trustee shall be entitled to indemnification satisfactory to it in its sole
discretion against all losses and expenses caused by taking or not taking such action. 
 SECTION 6.06. Limitation on
Suits. (a) Except to enforce the right to receive payment of principal, premium (if any) or interest when due, no Holder may pursue any remedy with respect to this Indenture or the Notes unless: 
 (i) the Holder gives to the Trustee written notice stating that an Event of Default is continuing; 
 (ii) the Holders of at least 25% in principal amount of the Notes make a written request to the Trustee to pursue the remedy;

 (iii) such Holder or Holders offer to the Trustee reasonable security or indemnity satisfactory to it against
any loss, liability or expense; 
 (iv) the Trustee does not comply with the request within 60 days after receipt
of the request and the offer of security or indemnity; and 
 (v) the Holders of a majority in principal amount
of the Notes do not give the Trustee a direction inconsistent with the request during such 60-day period. 
 (b) A Holder may
not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder. 
 SECTION 6.07. Rights of the Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal of and interest on the Notes held by such Holder, on or after the
respective due dates expressed or provided for in the Notes, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 
  

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 SECTION 6.08. Collection Suit by Trustee. If an Event of Default specified in
Section 6.01(a) or (b) occurs and is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Issuers or any other obligor on the Notes for the whole amount then due and owing (together
with interest on overdue principal and (to the extent lawful) on any unpaid interest at the rate provided for in the Notes) and the amounts provided for in Section 7.07. 
 SECTION 6.09. Trustee May File Proofs of Claim. The Trustee may file such proofs of claim and other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee (including any claim for reasonable compensation, expenses disbursements and advances of the Trustee (including counsel, accountants, experts or such other professionals as the
Trustee deems necessary, advisable or appropriate)) and the Holders allowed in any judicial proceedings relative to the Issuers or any Guarantor, their creditors or their property, shall be entitled to participate as a member, voting or otherwise,
of any official committee of creditors appointed in such matters and, unless prohibited by law or applicable regulations, may vote on behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions, and
any Custodian in any such judicial proceeding is hereby authorized by each Holder to make 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 reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and its counsel, and any other amounts due the Trustee under Section 7.07. 
 SECTION 6.10. Priorities. If the Trustee collects any money or property pursuant to this Article 6, it shall pay out the money or
property in the following order: 
 FIRST: to the Trustee for amounts due under Section 7.07; 
 SECOND: to Holders for amounts due and unpaid on the Notes for principal, premium, if any, and interest, ratably, without preference or
priority of any kind, according to the amounts due and payable on the Notes for principal and interest, respectively; and 
 THIRD: to the Issuers or, to the extent the Trustee collects any amount for any Guarantor, to such Guarantor. 
 The
Trustee may fix a record date and payment date for any payment to the Holders pursuant to this Section. At least 15 days before such record date, the Trustee shall mail to each Holder and the Issuers a notice that states the record date, the payment
date and amount to be paid. 
 SECTION 6.11. Undertaking for Costs. In any suit for the enforcement of any right or
remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and
the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party
litigant. This Section does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in principal amount of the Notes. 
  

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 SECTION 6.12. Waiver of Stay or Extension Laws. Neither the Issuers nor any Guarantor
(to the extent it may lawfully do so) shall 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 Issuers and each Guarantor (to the extent that it may lawfully do so) hereby expressly waive all benefit or advantage of any such law, and shall not hinder, delay or impede the execution of
any power herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law had been enacted. 
 ARTICLE 7 
 TRUSTEE 
 SECTION 7.01. Duties of Trustee. (a) If an Event of Default has occurred and is continuing, the Trustee shall exercise 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. 
 (b) Except during the continuance of an Event of Default: 
 (i) 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 
 (ii) 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. However, in the case of certificates or opinions required by any provision hereof to be provided to it, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this
Indenture. 
 (c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act
or its own willful misconduct, except that: 
 (i) this paragraph does not limit the effect of paragraph
(b) of this Section; 
 (ii) the Trustee shall not be liable for any error of judgment made in good faith by
a Trust Officer unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; 
 (iii)
the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05; and 
  

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 (iv) no provision of this Indenture shall require the Trustee to expend or
risk its own funds or otherwise incur financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers. 
 (d) Every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b) and (c) of this Section. 
 (e) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Issuers.

 (f) Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

 (g) 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 and to the provisions of the TIA. 
 SECTION 7.02. Rights of
Trustee. (a) The Trustee may conclusively rely on any document believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact or matter stated in the document. 

(b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel or both. The
Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on the Officers’ Certificate or Opinion of Counsel. 
 (c) The Trustee may act through agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care. 
 (d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its
rights or powers; provided, however, that the Trustee’s conduct does not constitute willful misconduct or negligence. 
 (e) The Trustee may consult with counsel of its own selection and the advice or opinion of counsel with respect to legal matters relating to this Indenture and the Notes shall be full and complete
authorization and protection from liability in respect of any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel. 
 (f) The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, consent, order, approval, bond, debenture, note or other paper or document unless requested in writing to do so by the Holders of not less than a majority in principal amount of the Notes at the time
outstanding, 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 Issuers, personally or by agent or attorney, at the expense of the Issuers and shall incur no liability of any kind by reason of making or not making such inquiry or investigation. 
  

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 (g) 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 pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities
which might be incurred by it in compliance with such request or direction. 
 (h) The rights, privileges, protections,
immunities and benefits given to the Trustee, including its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder.

 SECTION 7.03. Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner
or pledgee of Notes and may otherwise deal with Holdings or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent or Registrar may do the same with like rights. However, the Trustee must comply with Sections 7.10
and 7.11. 
 SECTION 7.04. Trustee’s Disclaimer. The Trustee shall not be responsible for and makes no
representation as to the validity or adequacy of this Indenture, any Guarantee or the Notes, it shall not be accountable for the Issuers’ use of the proceeds from the Notes, and it shall not be responsible for any statement of the Issuers or
any Guarantor in this Indenture or in any document issued in connection with the sale of the Notes or in the Notes other than the Trustee’s certificate of authentication. The Trustee shall not be charged with knowledge of any Default or Event
of Default under Sections 6.01(c), (d), (e), (f), (i), (j), (k), (l) or (m) or of the identity of any Significant Subsidiary unless either (a) a Trust Officer shall have actual knowledge thereof or (b) the Trustee shall have
received notice thereof in accordance with Section 13.02 hereof from the Issuers, any Guarantor or any Holder. 
 SECTION
7.05. Notice of Defaults. If a Default occurs and is continuing and if it is actually known to the Trustee, the Trustee shall mail to each Holder notice of the Default within the earlier of 90 days after it occurs or 30 days after it is
actually known to a Trust Officer or written notice of it is received by the Trustee. Except in the case of a Default in the payment of principal of, premium (if any) or interest on any Note, the Trustee may withhold the notice if and so long as a
committee of its Trust Officers in good faith determines that withholding the notice is in the interests of the Holders. 
 SECTION 7.06. Reports by Trustee to the Holders. As promptly as practicable after each November 1 beginning with the November 1 following the date of this Indenture, and in any event prior to December 1 in each year,
the Trustee shall mail to each Holder a brief report dated as of such November 1 that complies with Section 313(a) of the TIA if and to the extent required thereby. The Trustee shall also comply with Section 313(b) of the TIA.

 A copy of each report at the time of its mailing to the Holders shall be filed with the SEC and each stock exchange (if any)
on which the Notes are listed. The Issuers agree to notify promptly the Trustee whenever the Notes become listed on any stock exchange and of any delisting thereof. 
  

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 SECTION 7.07. Compensation and Indemnity. The Issuers shall pay to the Trustee from
time to time reasonable compensation for its services. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuers shall reimburse the Trustee upon request for all reasonable
out-of-pocket expenses incurred or made by it, including costs of collection, in addition to the compensation for its services. Such expenses shall include the reasonable compensation and expenses, disbursements and advances of the Trustee’s
agents, counsel, accountants and experts. The Issuers and each Guarantor, jointly and severally shall indemnify the Trustee against any and all loss, liability, claim, damage or expense (including reasonable attorneys’ fees and expenses)
incurred by or in connection with the acceptance or administration of this trust and the performance of its duties hereunder, including the costs and expenses of enforcing this Indenture or Guarantee against the Issuers or a Guarantor (including
this Section 7.07) and defending itself against or investigating any claim (whether asserted by the Issuers, any Guarantor, any Holder or any other Person). The Trustee shall notify the Issuers of any claim for which it may seek indemnity
promptly upon obtaining actual knowledge thereof; provided, however, that any failure so to notify the Issuers shall not relieve the Issuers or any Guarantor of its indemnity obligations hereunder. The Issuers shall defend the claim
and the indemnified party shall provide reasonable cooperation at the Issuers’ expense in the defense. Such indemnified parties may have separate counsel and the Issuers and the Guarantors, as applicable shall pay the fees and expenses of such
counsel; provided, however, that the Issuers shall not be required to pay such fees and expenses if it assumes such indemnified parties’ defense and, in such indemnified parties’ reasonable judgment, there is no conflict of
interest between the Issuers and the Guarantors, as applicable, and such parties in connection with such defense. The Issuers need not reimburse any expense or indemnify against any loss, liability or expense incurred by an indemnified party through
such party’s own willful misconduct, negligence or bad faith. 
 To secure the Issuers’ and the Guarantors’
payment obligations in this Section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee other than money or property held in trust to pay principal of and interest on particular Notes.

 The Issuers’ and the Guarantors’ payment obligations pursuant to this Section shall survive the satisfaction or
discharge of this Indenture, any rejection or termination of this Indenture under any bankruptcy law or the resignation or removal of the Trustee. Without prejudice to any other rights available to the Trustee under applicable law, when the Trustee
incurs expenses after the occurrence of a Default specified in Section 6.01(g) or (h) with respect to Holdings or the Issuers, the expenses are intended to constitute expenses of administration under the Bankruptcy Law. 
 SECTION 7.08. Replacement of Trustee. (a) The Trustee may resign at any time by so notifying the Issuers. The Holders of a
majority in principal amount of the Notes may remove the Trustee by so notifying the Trustee and may appoint a successor Trustee. The Issuers shall remove the Trustee if: 
 (i) the Trustee fails to comply with Section 7.10; 
 (ii) the Trustee is adjudged bankrupt or insolvent; 
  

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 (iii) a receiver or other public officer takes charge of the Trustee or its
property; or 
 (iv) the Trustee otherwise becomes incapable of acting. 
 (b) If the Trustee resigns, is removed by the Issuers or by the Holders of a majority in principal amount of the Notes and such Holders do
not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Issuers shall promptly appoint a successor Trustee.

 (c) A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Issuers.
Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall mail a notice of its
succession to the Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the Lien provided for in Section 7.07. 
 (d) If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee or the
Holders of 10% in principal amount of the Notes may petition at the expense of the Issuers any court of competent jurisdiction for the appointment of a successor Trustee. 
 (e) If the Trustee fails to comply with Section 7.10, unless the Trustee’s duty to resign is stayed as provided in Section 310(b) of the TIA, any Holder who has been a bona fide holder of a
Note for at least six months may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 
 (f) Notwithstanding the replacement of the Trustee pursuant to this Section, the Issuers’ obligations under Section 7.07 shall continue for the benefit of the retiring Trustee. 
 SECTION 7.09. Successor Trustee by Merger. If the Trustee consolidates with, merges or converts into, or transfers all or
substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Trustee. 
 In case at the time such successor or successors by merger, conversion or consolidation to the Trustee shall succeed to the trusts created
by this Indenture any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee, and deliver such Notes so authenticated; and in case at
that time any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Trustee; and in all such cases such
certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Trustee shall have. 
  

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 SECTION 7.10. Eligibility; Disqualification. The Trustee shall at all times satisfy
the requirements of Section 310(a) of the TIA. The Trustee shall have a combined capital and surplus of at least $100,000,000 as set forth in its most recent published annual report of condition. The Trustee shall comply with
Section 310(b) of the TIA, subject to its right to apply for a stay of its duty to resign under the penultimate paragraph of Section 310(b) of the TIA; provided, however, that there shall be excluded from the operation of
Section 310(b)(1) of the TIA any series of securities issued under this Indenture and any indenture or indentures under which other securities or certificates of interest or participation in other securities of the Issuers are outstanding if
the requirements for such exclusion set forth in Section 310(b)(1) of the TIA are met. 
 SECTION 7.11. Preferential
Collection of Claims Against Issuers. The Trustee shall comply with Section 311(a) of the TIA, excluding any creditor relationship listed in Section 311(b) of the TIA. A Trustee who has resigned or been removed shall be subject to
Section 311(a) of the TIA to the extent indicated. 
 ARTICLE 8 
 DISCHARGE OF INDENTURE; DEFEASANCE 
 SECTION 8.01. Discharge of Liability on Notes; Defeasance. (a) This Indenture shall be discharged and shall cease to be of further effect (except as to surviving rights of registration of
transfer or exchange of Notes, as expressly provided for in this Indenture) as to all outstanding Notes and their obligations under the Indenture with respect to the Holders of the Notes: 
 (i) when (1) all the Notes theretofore authenticated and delivered (other than Notes pursuant to Section 2.08 which
have been replaced or paid and Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Issuers and thereafter repaid to the Issuers or discharged from such trust) have been delivered to the
Trustee for cancellation or (2) all of the Notes (a) have become due and payable, (b) will become due and payable at their stated maturity within one year or (c) if redeemable at the option of the Issuers, 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 Issuers, and the Issuers have irrevocably deposited or caused to be deposited
with the Trustee funds in respect of the Notes, cash in U.S. Dollars, U.S. Government Obligations or a combination thereof in an amount sufficient in the written opinion of a firm of independent public accountants delivered to the Trustee (which
delivery shall only be required if Government Obligations have been so deposited) to pay and discharge the entire Indebtedness on the Notes not theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on
the Notes to the date of deposit together with irrevocable instructions from the Issuers directing the Trustee to apply such funds to the payment thereof at maturity or redemption, as the case may be; 
 (ii) the Issuers or the Guarantors have paid all other sums payable under this Indenture; and 
  

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 (iii) the Issuers have delivered to the Trustee an Officers’
Certificate and an Opinion of Counsel stating that all conditions precedent under this Indenture relating to the satisfaction and discharge of this Indenture have been complied with. 
 (b) Subject to Sections 8.01(c) and 8.02, the Issuers at any time may terminate (i) all of their obligations under the Notes and this
Indenture with respect to the Notes (“legal defeasance option”) or (ii) their obligations under Sections 4.02, 4.03, 4.04, 4.05, 4.06, 4.07, 4.08, 4.11, 4.12, 4.14, 4.15, 4.16 and 4.17 for the benefit of the Notes and the operation of
Section 5.01(a)(iv) and Sections 6.01(d), 6.01(f), 6.01(g) (with respect to Significant Subsidiaries only), 6.01(h) (with respect to Significant Subsidiaries only), 6.01(i) (with respect to Significant Subsidiaries only), 6.01(j), 6.01(k),
6.01(l) and 6.01(m) for the benefit of the Notes (“covenant defeasance option”). The Issuers may exercise their legal defeasance option notwithstanding their prior exercise of their covenant defeasance option. In the event that the Issuers
terminate all of their obligations under the Notes and this Indenture with respect to such Notes by exercising their legal defeasance option or their covenant defeasance option, the obligations of each Guarantor under its Guarantee of the Notes
shall be terminated simultaneously with the termination of such obligations. 
 If the Issuers exercise their legal defeasance
option, payment of the Notes so defeased may not be accelerated because of an Event of Default. If the Issuers exercise their covenant defeasance option, payment of the Notes so defeased may not be accelerated because of an Event of Default
specified in Section 6.01(c), 6.01(d), 6.01(f), 6.01(g) (with respect to Significant Subsidiaries only), 6.01(h) (with respect to Significant Subsidiaries only), 6.01(i) (with respect to Significant Subsidiaries only), 6.01(j), 6.01(k), 6.01(l)
or 6.01(m) or because of the failure of Holdings to comply with Section 5.01(a)(iv). Any exercise of the Issuers’ covenant defeasance option or legal defeasance option will not have any effect on the Notes and their rights under this
Indenture or on the obligations of the Issuers, Holdings and the Guarantors with respect to the Notes. 
 Upon satisfaction of
the conditions set forth herein and upon request of the Issuers, the Trustee shall acknowledge in writing the discharge of those obligations that the Issuers terminate. 
 (c) Notwithstanding clauses (a) and (b) above, the Issuers’ obligations in Sections 2.04, 2.05, 2.06, 2.07, 2.08, 2.09, 4.01(c), 4.01(e), 7.07, 7.08 and in this Article 8 shall survive
until all the Notes have been paid in full. Thereafter, the Issuers’ obligations in Sections 4.01(c), 4.01(e), 7.07, 8.05 and 8.06 shall survive such satisfaction and discharge. 
 SECTION 8.02. Conditions to Defeasance. (a) The Issuers may exercise their legal defeasance option or their covenant defeasance
option only if: 
 (i) the Issuers irrevocably deposits in trust with the Trustee in respect of cash in U.S.
Dollars, U.S. Government Obligations or a combination thereof in an amount sufficient or Government Obligations, the principal of and the interest on which will be sufficient, or a combination thereof sufficient, to pay the principal of, and premium
(if any) and interest on the applicable Notes when due at maturity or redemption, as the case may be, including interest thereon to maturity or such redemption date; 
  

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 (ii) the Issuers deliver to the Trustee a certificate from a nationally
recognized firm of independent accountants expressing their opinion that the payments of principal and interest when due and without reinvestment on the deposited U.S. Government Obligations plus any deposited money without investment will provide
cash at such times and in such amounts as will be sufficient to pay principal, premium, if any, and interest when due on all the Notes to maturity or redemption, as the case may be; 
 (iii) 123 days pass after the deposit is made and during the 123-day period no Default specified in Section 6.01(g) or
(h) with respect to the Issuers or Holdings occurs which is continuing at the end of the period; 
 (iv) the
deposit does not constitute a default under any other agreement binding on Holdings and its Restricted Subsidiaries; 
 (v) the Issuers deliver to the Trustee an Opinion of Counsel to the effect that the trust resulting from the deposit does not constitute, or is qualified as, a regulated investment company under the Investment Company Act of 1940;

 (vi) in the case of the legal defeasance option, the Issuers shall have delivered to the Trustee an Opinion of
Counsel stating that (1) the Issuers have received from, or there has been published by, the Internal Revenue Service a ruling, or (2) since the date of this Indenture there has been a change in the applicable U.S. federal income tax law,
in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such deposit and 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 such deposit and defeasance had not occurred. Notwithstanding the foregoing, the Opinion of Counsel required with respect to a
legal defeasance need not be delivered if all the Notes, not theretofore delivered to the Trustee for cancellation have become due and payable; 
 (vii) in the case of the covenant defeasance option, the Issuers shall have delivered to the Trustee an Opinion of Counsel to the effect that the Holders will not recognize income, gain or loss for U.S.
federal income tax purposes as a result of such deposit and 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 such deposit and defeasance had not
occurred; and 
 (viii) the Issuers deliver to the Trustee an Officers’ Certificate and an Opinion of
Counsel, each stating that all conditions precedent to the defeasance and discharge of the Notes to be so defeased and discharged as contemplated by this Article 8 have been complied with. 
 (b) Before or after a deposit, the Issuers may make arrangements satisfactory to the Trustee for the redemption of the Notes at a future
date in accordance with Article 3. 
  

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 SECTION 8.03. Application of Trust Money. The Trustee shall hold in trust money or
Government Obligations (including proceeds thereof) deposited with it pursuant to this Article 8. It shall apply the deposited money and the money from Government Obligations through each Paying Agent and in accordance with this Indenture to the
payment of principal of and interest on the Notes so discharged or defeased. 
 SECTION 8.04. Repayment to the Issuers.
Each of the Trustee and each Paying Agent shall promptly turn over to the Issuers upon request any money or Government Obligations held by it as provided in this Article which, in the written opinion of nationally recognized firm of independent
public accountants delivered to the Trustee (which delivery shall only be required if Government Obligations have been so deposited), are in excess of the amount thereof which would then be required to be deposited to effect an equivalent discharge
or defeasance in accordance with this Article. 
 Subject to any applicable abandoned property law, the Trustee and each Paying
Agent shall pay to the Issuers upon written request any money held by them for the payment of principal or interest that remains unclaimed for two years, and, thereafter, Holders entitled to the money must look to the Issuers for payment as general
creditors, and the Trustee and each Paying Agent shall have no further liability with respect to such monies. 
 SECTION 8.05.
Indemnity for Government Obligations. The Issuers shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against deposited Government Obligations or the principal and interest received on such
Government Obligations. 
 SECTION 8.06. Reinstatement. If the Trustee or any Paying Agent is unable to apply any money
or Government Obligations in accordance with this Article 8 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the
Issuers’ and the Guarantors’ obligations under this Indenture and the Notes so discharged or defeased shall be revived and reinstated as though no deposit had occurred pursuant to this Article 8 until such time as the Trustee or any Paying
Agent is permitted to apply all such money or Government Obligations in accordance with this Article 8; provided, however, that, if the Issuers have made any payment of principal of or interest on, any such Notes because of the
reinstatement of its obligations, the Issuers shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or Government Obligations held by the Trustee or any Paying Agent. 
 ARTICLE 9 
 AMENDMENTS AND WAIVERS 
 SECTION 9.01. Without Consent of the Holders. The Issuers, the Guarantors and
the Trustee may amend this Indenture, the Notes, any Security Document, the New Intercreditor Agreement or the Existing Intercreditor Agreement without notice to or consent of any Holder: 
 (i) to cure any ambiguity, omission, defect, mistake or inconsistency; 
 (ii) to comply with Article 5; 
  

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 (iii) to provide for uncertificated Notes in addition to or in place of
certificated Notes; provided, however, that the uncertificated Notes are issued in registered form for purposes of Section 163(f) of the Code or in a manner such that the uncertificated Notes are described in
Section 163(f)(2)(B) of the Code; 
 (iv) to add additional Guarantees with respect to the Notes or to
secure the Notes; 
 (v) to add to the covenants of the Issuers or Holdings for the benefit of the Holders or to
surrender any right or power herein conferred upon the Issuers or any Guarantor; 
 (vi) to comply with any
requirement of the SEC in connection with qualifying or maintaining the qualification of, this Indenture under the TIA; 
 (vii) to make any change that does not adversely affect the rights of any Holder; 
 (viii) to conform
the text of this Indenture, the Notes, the Security Documents, the New Intercreditor Agreement or the Existing Intercreditor Agreement, to any provision of the “Description of Notes” in the Offering Circular to the extent that such
provision in the “Description of Notes” was intended by the Issuers to be a verbatim recitation of a provision of this Indenture, the Notes, the Security Documents, the New Intercreditor Agreement or the Existing Intercreditor Agreement;

 (ix) to provide for the issuance of the Exchange Notes or Additional Notes, which shall have terms
substantially identical in all material respects to the Initial Notes; 
 (x) to make any amendment to the
provisions of the Indenture relating to the transfer and legending of Notes; provided, however, that (a) compliance with the Indenture as so amended would not result in Notes being transferred in violation of the Securities Act or
any other applicable securities law and (b) such amendment does not materially and adversely affect the rights of holders to transfer Notes; 
 (xi) to secure the Notes or to add additional assets as Collateral; 
 (xii) to release Collateral from the Lien pursuant to the Indenture, the Security Documents, the New Intercreditor Agreement and the Existing Intercreditor Agreement when permitted or required by the Indenture or the Security Documents; or

 (xiii) to effect the Issuers’ Assumption and the other actions contemplated by Section 14.01 on the
terms set forth therein. 
 After an amendment under this Section 9.01 becomes effective, the Issuers shall mail to Holders
a notice briefly describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment under this Section 9.01. 
  

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 SECTION 9.02. With Consent of the Holders. (a) The Issuers and the Trustee may
amend this Indenture, the Notes, any Security Document, the New Intercreditor Agreement or the Existing Intercreditor Agreement with the written consent of the Holders of at least a majority in principal amount of the Notes then outstanding voting
as a single class (which consents may be obtained in connection with a tender offer or exchange for the Notes) and any past default or compliance with any provisions may be waived with the consent of the holders of a majority in principal amount of
the Notes then outstanding voting as a single class (which consents may be obtained in connection with a tender offer or exchange for the Notes). However, without the consent of each Holder of an outstanding Note affected, an amendment may not:

 (i) reduce the amount of Notes whose Holders must consent to an amendment, 
 (ii) reduce the rate of or extend the time for payment of interest on the Notes, 
 (iii) reduce the principal of or change the Stated Maturity of the Notes, 
 (iv) reduce the amount payable upon the redemption of the Notes or change the time when the Notes may be redeemed in
accordance with Article 3, 
 (v) make the Notes payable in money other than that stated in the Notes,

 (vi) make any change in Section 6.07 or the second sentence of this Section 9.02, 
 (vii) impair the right of any holder to receive payment of principal of, premium, if any, and interest on such holder’s
Notes on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to such holder’s Notes, 
 (viii) expressly subordinate the Notes or the Guarantees to any other Indebtedness of the Issuers or any Guarantor, 
 (ix) modify the Guarantees in any manner adverse to the Holders, 
 (x) make any change in the New Intercreditor Agreement, the Existing Intercreditor Agreement or the provisions in the
Indenture dealing with the application of Trust proceeds of the Collateral that would adversely affect the Noteholders, or 
 (xi) make any change in the provisions described under Section 4.01(c) that adversely affects the rights of any Noteholder or amend the terms of the Notes or the Indenture in a way that would result
in the loss of an exemption from any of the Taxes described thereunder. 
 Without the consent of the holders of at least
two-thirds in aggregate principal amount of the Notes then outstanding (which consents may be obtained in connection with a tender offer or exchange offer for the Notes), no amendment or waiver may release from the Lien of the Indenture and the
Security Documents all or substantially all of the Collateral. 
  

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 It shall not be necessary for the consent of the Holders under this Section 9.02 to
approve the particular form of any proposed amendment, but it shall be sufficient if such consent approves the substance thereof. 
 (b) After an amendment under this Section 9.02 becomes effective, the Issuers shall mail to the Holders a notice briefly describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair
or affect the validity of an amendment under this Section 9.02. 
 SECTION 9.03. Compliance with Trust Indenture
Act. From the date on which this Indenture is qualified under the TIA, every amendment, waiver or supplement to this Indenture or the Notes shall comply with the TIA as then in effect. 
 SECTION 9.04. Revocation and Effect of Consents and Waivers. (a) A consent to an amendment or a waiver by a Holder of a Note
shall bind the Holder and every subsequent Holder of that Note or portion of the Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent or waiver is not made on the Note. However, any such Holder or
subsequent Holder may revoke the consent or waiver as to such Holder’s Note or portion of the Note if the Trustee receives the notice of revocation before the date on which the Trustee receives an Officers’ Certificate from the Issuers
certifying that the requisite principal amount of Notes have consented. After an amendment or waiver becomes effective, it shall bind every Holder. An amendment or waiver becomes effective upon the (i) receipt by the Issuers or the Trustee of
consents by the Holders of the requisite principal amount of securities, (ii) satisfaction of conditions to effectiveness as set forth in this Indenture and any indenture supplemental hereto containing such amendment or waiver and
(iii) execution of such amendment or waiver (or supplemental indenture) by the Issuers and the Trustee. 
 (b) The Issuers
may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record
date is fixed, then notwithstanding the immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent
previously given or to take any such action, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than 120 days after such record date. 
 SECTION 9.05. Notation on or Exchange of Notes. If an amendment, supplement or waiver changes the terms of a Note, the Issuers may
require the Holder of the Note to deliver it to the Trustee. The Trustee may place an appropriate notation on the Note regarding the changed terms and return it to the Holder. Alternatively, if the Issuers or the Trustee so determines, the Issuers
in exchange for the Note shall issue and the Trustee shall authenticate a new Note that reflects the changed terms. Failure to make the appropriate notation or to issue a new Note shall not affect the validity of such amendment, supplement or
waiver. 
 SECTION 9.06. Trustee to Sign Amendments. The Trustee shall sign any amendment, supplement or waiver
authorized pursuant to this Article 9 if the amendment does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the

  

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Trustee may but need not sign it. In signing such amendment, the Trustee shall be entitled to receive indemnity reasonably satisfactory to it and shall be provided with, and (subject to
Section 7.01) shall be fully protected in relying upon, an Officers’ Certificate and an Opinion of Counsel stating that such amendment, supplement or waiver is authorized or permitted by this Indenture and that such amendment, supplement
or waiver is the legal, valid and binding obligation of the Issuers and the Guarantors, enforceable against them in accordance with its terms, subject to customary exceptions, and complies with the provisions hereof (including Section 9.03).

 SECTION 9.07. Payment for Consent. Neither Holdings nor any Affiliate of Holdings shall, directly or indirectly, pay
or cause to be paid any consideration, whether by way of interest, fee or otherwise, to any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration
is offered to be paid to all Holders that so consent, waive or agree to amend in the time frame set forth in solicitation documents relating to such consent, waiver or agreement. 
 SECTION 9.08. Additional Voting Terms; Calculation of Principal Amount. Except as expressly provided in this Indenture, including
under Section 9.02, all Notes issued under this Indenture shall vote and consent together on all matters (as to which any of such Notes may vote) as one class. Determinations as to whether Holders of the requisite aggregate principal amount of
Notes have concurred in any direction, waiver or consent shall be made in accordance with this Article Nine and Section 2.14. 
 ARTICLE 10 
 GUARANTEES 
 SECTION 10.01. Guarantees. (a) On and after the Issue Date (following the Issuers’ Assumption), each Guarantor hereby jointly and severally, irrevocably and unconditionally guarantees, as
a primary obligor and not merely as a surety on a senior basis, to each Holder and to the Trustee and its successors and assigns (i) the full and punctual payment when due, whether at Stated Maturity, by acceleration, by redemption or
otherwise, of all obligations of the Issuers under this Indenture (including obligations to the Trustee) and the Notes, whether for payment of principal of, premium, if any, or interest on in respect of the Notes and all other monetary obligations
of the Issuers under this Indenture and the Notes and (ii) the full and punctual performance within applicable grace periods of all other obligations of the Issuers whether for fees, expenses, indemnification or otherwise under this Indenture
and the Notes (all the foregoing being hereinafter collectively called the “Guaranteed Obligations”). Each Guarantor further agrees that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further
assent from each such Guarantor, and that each such Guarantor shall remain bound under this Article 10 notwithstanding any extension or renewal of any Guaranteed Obligation. The Guaranteed Obligations of a Guarantor will be secured by security
interests in the Collateral owned by such Guarantor to the extent provided for in the Security Documents and as required pursuant to Sections 4.12 and 4.15. 
 (b) Each Guarantor waives presentation to, demand of payment from and protest to the Issuers of any of the Guaranteed Obligations and also waives notice of protest for nonpayment. Each Guarantor waives
notice of any default under the Notes or the Guaranteed

  

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Obligations. The obligations of each Guarantor hereunder shall not be affected by (i) the failure of any Holder or the Trustee to assert any claim or demand or to enforce any right or remedy
against the Issuers or any other Person under this Indenture, the Notes, any Security Document, or any other agreement or otherwise; (ii) any extension or renewal of this Indenture, the Notes, any Security Document or any other agreement;
(iii) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Notes, any Security Document or any other agreement; (iv) the release of any security held by any Holder or the Trustee for
the Guaranteed Obligations or any Guarantor; (v) the failure of any Holder or Trustee to exercise any right or remedy against any other guarantor of the Guaranteed Obligations; or (vi) any change in the ownership of such Guarantor, except
as provided in Section 10.02(b). 
 (c) Each Guarantor hereby waives any right to which it may be entitled to have its
obligations hereunder divided among the Guarantors, such that such Guarantor’s obligations would be less than the full amount claimed. Each Guarantor hereby waives any right to which it may be entitled to have the assets of the Issuers or any
other Guarantor first be used and depleted as payment of the Issuers’ or such Guarantor’s obligations hereunder prior to any amounts being claimed from or paid by such Guarantor hereunder. Each Guarantor hereby waives any right to which it
may be entitled to require that the Issuers be sued prior to an action being initiated against such Guarantor. 
 (d) Each
Guarantor further agrees that its Guarantee herein constitutes a guarantee of payment, performance and compliance when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder or the Trustee to any
security held for payment of the Guaranteed Obligations. 
 (e) Except as expressly set forth in Sections 8.01(b), 10.02 and
10.06, the obligations of each Guarantor hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to
any defense of setoff, counterclaim, recoupment or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of
each Guarantor herein shall not be discharged or impaired or otherwise affected by the failure of any Holder or the Trustee to assert any claim or demand or to enforce any remedy under this Indenture, the Notes, any Security Document or any other
agreement, by any waiver or modification of any thereof, by any default, failure or delay, willful or otherwise, in the performance of the obligations, or by any other act or thing or omission or delay to do any other act or thing which may or might
in any manner or to any extent vary the risk of any Guarantor or would otherwise operate as a discharge of any Guarantor as a matter of law or equity. 
 (f) Each Guarantor agrees that its Guarantee shall remain in full force and effect until payment in full of all the Guaranteed Obligations. Each Guarantor further agrees that its Guarantee herein shall
continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of or interest on any Guaranteed Obligation is rescinded or must otherwise be restored by any Holder or the Trustee upon the
bankruptcy or reorganization of the Issuers or otherwise. 
  

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 (g) In furtherance of the foregoing and not in limitation of any other right which any
Holder or the Trustee has at law or in equity against any Guarantor by virtue hereof, upon the failure of the Issuers to pay the principal of or interest on any Guaranteed Obligation when and as the same shall become due, whether at maturity, by
acceleration, by redemption or otherwise, or to perform or comply with any other Guaranteed Obligation, each Guarantor hereby promises to and shall, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the
Holders or the Trustee an amount equal to the sum of (i) the unpaid principal amount of such Guaranteed Obligations, (ii) accrued and unpaid interest on such Guaranteed Obligations (but only to the extent not prohibited by applicable law)
and (iii) all other monetary obligations of the Issuers to the Holders and the Trustee. 
 (h) Each Guarantor agrees that
it shall not be entitled to any right of subrogation in relation to the Holders in respect of any Guaranteed Obligations guaranteed hereby until payment in full of all Guaranteed Obligations. Each Guarantor further agrees that, as between it, on the
one hand, and the Holders and the Trustee, on the other hand, (i) the maturity of the Guaranteed Obligations guaranteed hereby may be accelerated as provided in Article 6 for the purposes of any Guarantee herein, notwithstanding any stay,
injunction or other prohibition preventing such acceleration in respect of the Guaranteed Obligations guaranteed hereby, and (ii) in the event of any declaration of acceleration of such Guaranteed Obligations as provided in Article 6, such
Guaranteed Obligations (whether or not due and payable) shall forthwith become due and payable by such Guarantor for the purposes of this Section 10.01. 
 (i) Each Guarantor also agrees to pay any and all costs and expenses (including reasonable attorneys’ fees and expenses) incurred by the Trustee or any Holder in enforcing any rights under this
Section 10.01. 
 (j) Upon request of the Trustee, each Guarantor shall execute and deliver such further instruments and do
such further acts as may be reasonably necessary or proper to carry out more effectively the purpose of this Indenture. 
 SECTION 10.02. Limitation on Liability. (a) Any term or provision of this Indenture to the contrary notwithstanding, the maximum aggregate amount of the Guaranteed Obligations guaranteed hereunder by any Guarantor shall not
exceed the maximum amount that can be hereby guaranteed without rendering this Indenture, as it relates to such Guarantor, voidable under applicable laws relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights
of creditors generally. 
 (b) A Guarantee as to any Restricted Subsidiary shall terminate and be of no further force or effect
and such Subsidiary Guarantor shall be deemed to be released from all obligations under this Article 10 upon: 
 (i) the sale, disposition or other transfer (including through merger or consolidation) of the Capital Stock (including any sale, disposition or other transfer following which the applicable Subsidiary Guarantor is no longer a Restricted
Subsidiary), of all or substantially all the assets, of the applicable Subsidiary Guarantor if such sale, disposition or other transfer is made in compliance with this Indenture, in each case other than to Holdings or a Subsidiary of Holdings;
provided, however, that such

  

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Guarantor is released from its guarantees, if any, of, and all pledges and security, if any, granted in connection with, the Credit Agreement and any other Indebtedness of Holdings or any
Restricted Subsidiary of Holdings; 
 (ii) Holdings designating such Subsidiary Guarantor to be an Unrestricted
Subsidiary in accordance with the provisions set forth under Section 4.04 and the definition of “Unrestricted Subsidiary”; 
 (iii) the release or discharge of all guarantees by such Restricted Subsidiary and the repayment of all Indebtedness and retirement of all Disqualified Stock of such Restricted Subsidiary which, if
Incurred by such Restricted Subsidiary, would require such Restricted Subsidiary to guarantee the Notes under Section 4.11, 
 (iv) the Issuers’ exercise of their legal defeasance option or covenant defeasance option as described under Section 8.01 with respect to the Notes; or if the Issuers’ obligations under the
Indenture are discharged in accordance with the terms of the Indenture, and 
 (v) such Restricted Subsidiary
ceasing to be a Subsidiary as a result of any foreclosure of any pledge or security interest in favor of First-Priority Lien Obligations, subject to, in each case, the application of the proceeds of such foreclosure in the manner described under
Section 11.03. 
 SECTION 10.03. Successors and Assigns. This Article 10 shall be binding upon each Guarantor and
its successors and assigns and shall inure to the benefit of the successors and assigns of the Trustee and the Holders and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges conferred upon
that party in this Indenture and in the Notes shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions of this Indenture. 
 SECTION 10.04. No Waiver. Neither a failure nor a delay on the part of either the Trustee or the Holders in exercising any right,
power or privilege under this Article 10 shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies and benefits of the Trustee and
the Holders herein expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Article 10 at law, in equity, by statute or otherwise. 
 SECTION 10.05. Modification. No modification, amendment or waiver of any provision of this Article 10, nor the consent to any
departure by any Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which
given. No notice to or demand on any Guarantor in any case shall entitle such Guarantor to any other or further notice or demand in the same, similar or other circumstances. 
 SECTION 10.06. Execution of Supplemental Indenture for Future Guarantors. Each Person which is required to become a Guarantor after
the Issuers’ Assumption pursuant to Section 4.11 shall promptly execute and deliver to the Trustee a supplemental

  

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indenture in the form of Appendix B hereto pursuant to which such Person shall become a Guarantor under this Article 10 and shall guarantee the Guaranteed Obligations. Concurrently with the
execution and delivery of such supplemental indenture, the Issuers shall deliver to the Trustee an Opinion of Counsel and an Officers’ Certificate to the effect that such supplemental indenture has been duly authorized, executed and delivered
by such Person and that, subject to the application of bankruptcy, insolvency, moratorium, fraudulent conveyance or transfer and other similar laws relating to creditors’ rights generally and to the principles of equity, whether considered in a
proceeding at law or in equity, the Guarantee of such Guarantor is a legal, valid and binding obligation of such Guarantor, enforceable against such Guarantor in accordance with its terms and/or to such other matters as the Trustee may reasonably
request. 
 ARTICLE 11 
 SECURITY DOCUMENTS 
 SECTION 11.01. Collateral and Security
Documents. (a) On and after the Issue Date (following the Issuers’ Assumption), the due and punctual payment of the principal of and interest (including additional interest, if any) on the Notes when and as the same shall be due and
payable, whether on an interest payment date, at maturity, by acceleration, repurchase, redemption or otherwise, and interest on the overdue principal of and interest (including additional interest, if any) on the Notes and performance of all other
Guaranteed Obligations of the Issuers and the Guarantors to the Holders, the Trustee or the Collateral Agent under this Indenture, the Notes and the Security Documents, according to the terms hereunder or thereunder, shall be secured as provided in
the Security Documents, which define the terms of the Liens that secure the Guaranteed Obligations, subject to the terms of the New Intercreditor Agreement and the Existing Intercreditor Agreement. The Trustee and the Issuers hereby acknowledge and
agree that the Trustee or the Collateral Agent, as the case may be, holds the Collateral in trust for the benefit of the Trustee and the Holders, in each case pursuant to the terms of the Security Documents, the New Intercreditor Agreement and the
Existing Intercreditor Agreement. Each Holder, by accepting a Note, consents and agrees to the terms of the Security Documents (including the provisions providing for foreclosure and release of Collateral), the New Intercreditor Agreement and the
Existing Intercreditor Agreement, as the same may be in effect or may be amended from time to time in accordance with their terms and this Indenture, and authorizes and directs the Collateral Agent to enter into the Security Documents , the New
Intercreditor Agreement and the Existing Intercreditor Agreement and to perform its obligations and exercise its rights thereunder in accordance therewith; provided, however, that if any of the provisions of the Security Documents
limit, qualify or conflict with the duties imposed by the provisions of the TIA, the TIA shall control. The Issuers shall deliver to the Trustee (if it is not itself then the Collateral Agent) copies of all documents delivered to the Collateral
Agent pursuant to the Security Documents, and will do or cause to be done all such acts and things as may be reasonably required by the next sentence of this Section 11.01, to assure and confirm to the Trustee and the Collateral Agent the
security interest in the Collateral contemplated hereby, by the Security Documents or any part thereof, as from time to time constituted, so as to render the same available for the security and benefit of this Indenture and of the Notes secured
hereby, according to the intent and purposes herein expressed. Holdings shall take, and shall cause its Subsidiaries to take, any and all actions reasonably required to cause the Security Documents to create and maintain, as security for the
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a valid and enforceable perfected Lien and security interest in and on all of the Collateral (subject to the terms of the New Intercreditor Agreement and the Existing Intercreditor Agreement), in
favor of the Collateral Agent for the benefit of the Trustee and the Holders, junior in priority to any and all security interests at any time granted in the Collateral to secure the First-Priority Lien Obligations and senior in priority to any and
all security interests at any time granted in the Collateral to secure the Junior Lien Obligations. Notwithstanding the foregoing, the New Intercreditor Agreement, the Existing Intercreditor Agreement and the Security Documents may be amended from
time to time to add other parties holding Other Pari Passu Lien Obligations and other First-Priority Lien Obligations permitted to be incurred under Sections 4.03 and 4.12. 
 (b) Notwithstanding the foregoing, (i) the Capital Stock and securities of the Subsidiaries of Holdings (other than the Hexion Canada
Entities) that are owned by Holdings or any Guarantor will constitute Collateral only to the extent that such Capital Stock and securities can secure the Notes without Rule 3-10 or Rule 3-16 of Regulation S-X under the Securities Act
(“Rule 3-10” and “Rule 3-16,” respectively) (or any other law, rule or regulation) requiring separate financial statements of such Subsidiary to be filed with the SEC (or any other governmental agency); 
 (i) in the event that either Rule 3-10 or Rule 3-16 requires or is amended, modified or interpreted by the SEC to require (or
is replaced with another rule or regulation, or any other law, rule or regulation is adopted, which would require) the filing with the SEC (or any other governmental agency) of separate financial statements of any Subsidiary (other than the Hexion
Canada Entities) due to the fact that such Subsidiary’s Capital Stock and securities secure the Notes, the performance of Guaranteed Obligations of the Issuers or any Guarantee, then the Capital Stock and securities of such Subsidiary shall
automatically be deemed not to be part of the Collateral, but only to the extent necessary to not be subject to such requirement (and, in such event, the Security Documents may be amended or modified, without the consent of any Holder of the Notes,
to the extent necessary to release the security interests on the shares of Capital Stock and securities that are so deemed to no longer constitute part of the Collateral); and 
 (ii) in the event that either Rule 3-10 or Rule 3-16 is amended, modified or interpreted by the SEC to permit (or is replaced
with another rule or regulation, or any other law, rule or regulation is adopted, which would permit) such Subsidiary’s Capital Stock and securities to secure the Notes in excess of the amount then pledged without the filing with the SEC (or
any other governmental agency) of separate financial statements of such Subsidiary, then the Capital Stock and securities of such Subsidiary shall automatically be deemed to be a part of the Collateral but only to the extent necessary to not be
subject to any such financial statement requirement (and, in such event, the Security Documents may be amended or modified, without the consent of any Holder of the Notes, to the extent necessary to subject to the Liens under the Security Documents
such additional Capital Stock and securities). 
  

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 SECTION 11.02. Recordings and Opinions. (a) The Issuers and the Guarantors shall
furnish to the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent), on or before the time when Holdings is required to provide annual reports pursuant to Section 4.02 with respect to the preceding fiscal year, an
opinion of counsel: 
  

	 	(1)	stating substantially to the effect that, in the opinion of such counsel, such action has been taken with respect to the recordings, registerings, filings,
re-recordings, re-registerings and re-filings of this Indenture, the Security Documents and all financing statements, continuation statements or other instruments of further assurance as is necessary to maintain the Lien of this Indenture or any
Security Documents in the Collateral and reciting with respect to the security interests in such Collateral the details of such action or referencing to prior Opinions of Counsel in which such details are given; or 

  

	 	(2)	to the effect that, in the opinion of such counsel, no such action is necessary to maintain such Lien under this Indenture and the Security Documents.

 (b) The Issuers will comply with the provisions of TIA § 314(b) and (d). 
 SECTION 11.03. Release of Collateral. (a) Subject to subsections (b) and (c) of this Section 11.03, Collateral
may be released from the Lien and security interest created by the Security Documents at any time or from time to time in accordance with the provisions of the Security Documents, the New Intercreditor Agreement and the Existing Intercreditor
Agreement or as provided hereby. Upon the request of the Issuers pursuant to an Officers’ Certificate certifying that all conditions precedent hereunder have been met, the Issuers and the Guarantors will be entitled to a release of
assets included in the Collateral from the Liens securing the Notes, and the Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent) shall release the same from such Liens at the Issuers’ sole cost and expense, under
one or more of the following circumstances: 
  

	 	(1)	 if all other Liens on such property or assets securing First-Priority Lien Obligations (including all commitments and letters of credit thereunder) are
released and there are no outstanding Receivables Financings (or commitments therefor); provided, however, that if (x) the Issuers or any Guarantor subsequently incurs First-Priority Lien Obligations that are secured by liens on
property or assets of the Issuers or any Guarantor of the type constituting the Collateral and the related Liens are incurred in reliance on clause (8) of the definition of Permitted Liens or (y) Holdings or any of its Restricted
Subsidiaries subsequently enter into any Receivables Financing, then Holdings and its Restricted Subsidiaries will be required to reinstitute the security arrangement with respect to the Collateral in favor of the Notes, which, in the case of any
such subsequent First-Priority Lien Obligations, will be second-priority Liens on the Collateral securing such First-Priority Lien Obligations to the same extent provided by the Security Documents and on the terms and conditions of the security
documents relating to such First-Priority Lien Obligations, with the Lien held either by the administrative agent, collateral agent or

  

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other representative for such First-Priority Lien Obligations or by a collateral agent or other representative designated by Holdings to hold the Liens for the benefit of the Holders of the Notes
and subject to an intercreditor agreement that provides the administrative agent or collateral agent substantially the same rights and powers as afforded under the New Intercreditor Agreement; 

  

	 	(2)	to enable the Issuers or any Restricted Subsidiary to sell, exchange or otherwise dispose of any of the Collateral as permitted under Section 4.06;

  

	 	(3)	in the case of a Guarantor that is released from its Guarantee with respect to the Notes, the release of the property and assets of such Guarantor;

  

	 	(4)	if the Notes have been defeased pursuant to Section 8.01 and no Notes remain outstanding; 

  

	 	(5)	in the case of a Guarantor making a Permitted Transfer to any Restricted Subsidiary of Holdings; provided that such Permitted Transfer is permitted by clause
(y) of the last paragraph of Article 5; or 

  

	 	(6)	pursuant to an amendment or waiver in accordance with Article 9 of this Indenture. 

 Notwithstanding the foregoing, if an Event of Default under the Indenture exists on the date on which the First-Priority Lien Obligations
are repaid in full and terminated (including all commitments and letters of credit thereunder), the Liens on the Collateral securing the Notes will not be released, except to the extent the Collateral or any portion thereof was disposed of in order
to repay the First-Priority Lien Obligations secured by the Collateral, and thereafter the Trustee (acting at the direction of the holders of a majority of outstanding principal amount of the Notes) will have the right to direct the New
Intercreditor Agent to foreclose upon the Collateral (but in such event, the Liens on the Collateral securing the Notes will be released when such Event of Default and all other Events of Default under the Indenture cease to exist). 
 Upon receipt of such Officers’ Certificate and any necessary or proper instruments of termination, satisfaction or release prepared by
the Issuers, the Collateral Agent shall execute, deliver or acknowledge such instruments or releases to evidence the release of any Collateral permitted to be released pursuant to this Indenture or the Security Documents or the New Intercreditor
Agreement. 
 (b) Except as otherwise provided in the New Intercreditor Agreement, no Collateral may be released from the Lien
and security interest created by the Security Documents unless the Officers’ Certificate required by this Section 11.03, dated not more than five days prior to the date of the application for such release, has been delivered to the
Collateral Agent and the Trustee (if the Trustee is not then the Collateral Agent). 
 (c) At any time when a Default or Event
of Default has occurred and is continuing and the maturity of the Notes has been accelerated (whether by declaration or otherwise) and the Trustee (if not then the Collateral Agent) has delivered a notice of

  

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acceleration to the Collateral Agent, no release of Collateral pursuant to the provisions of this Indenture or the Security Documents will be effective as against the Holders, except as otherwise
provided in the New Intercreditor Agreement. 
 SECTION 11.04. Permitted Releases Not To Impair Lien; Trust Indenture Act
Requirements. The release of any Collateral from the terms hereof and of the Security Documents or the release of, in whole or in part, the Liens created by the Security Documents, will not be deemed to impair the security under this Indenture
in contravention of the provisions hereof if and to the extent the Collateral or Liens are released pursuant to (x) the applicable Security Documents and the terms of this Article 11 or (y) the New Intercreditor Agreement. The Trustee
and each of the Holders acknowledge that a release of Collateral or a Lien strictly in accordance with the terms of the Security Documents and the New Intercreditor Agreement and of this Article 11 will not be deemed for any purpose to be in
contravention of the terms of this Indenture. To the extent applicable, the Issuers and each obligor on the Notes shall cause TIA § 313(b), relating to reports, and TIA § 314(d), relating to the release of property or securities
from the Lien hereof and of the Security Documents, to be complied with. Any certificate or opinion required by § 314(d) of the TIA may be made by an officer of the Issuers, except in cases which § 314(d) of the TIA requires that
such certificate or opinion be made by an independent person, which person shall be an independent engineer, appraiser or other expert selected or approved by the Trustee and the Collateral Agent in the exercise of reasonable care. 
 SECTION 11.05. Certificates of the Trustee. In the event that the Issuers wish to release Collateral in accordance with this
Indenture and the Security Documents and the New Intercreditor Agreement at a time when the Trustee is not itself also the Collateral Agent and the Issuers have delivered the certificates and documents required by the Security Documents and
Section 11.03 hereof, the Trustee will determine whether it has received all documentation required by TIA § 314(d) in connection with such release and, based on such determination, will deliver a certificate to the Collateral Agent
setting forth such determination. 
 SECTION 11.06. Suits To Protect the Collateral. Subject to the provisions of
Article 7 hereof, the New Intercreditor Agreement and the Existing Intercreditor Agreement, the Trustee in its sole discretion and without the consent of the Holders, on behalf of the Holders, may or may direct the Collateral Agent to take all
actions it deems necessary or appropriate in order to: 
 (a) enforce any of the terms of the Security Documents; and

 (b) collect and receive any and all amounts payable in respect of the Guaranteed Obligations of the Issuers hereunder.

 Subject to the provisions of the Security Documents, the New Intercreditor Agreement and the Existing Intercreditor
Agreement, the Trustee shall have power to institute and to maintain such suits and proceedings as it may deem expedient to prevent any impairment of the Collateral by any acts which may be unlawful or in violation of any of the Security Documents
or this Indenture, and such suits and proceedings as the Trustee, in its sole discretion, may deem expedient to preserve or protect its interests and the interests of the Holders in the Collateral (including power to institute and maintain suits or
proceedings to restrain the

  

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enforcement of or compliance with any legislative or other governmental enactment, rule or order that may be unconstitutional or otherwise invalid if the enforcement of, or compliance with, such
enactment, rule or order would impair the Lien on the Collateral or be prejudicial to the interests of the Holders or the Trustee). 
 SECTION 11.07. Authorization of Receipt of Funds by the Trustee Under the Security Documents. Subject to the provisions of the New Intercreditor Agreement and the Existing Intercreditor Agreement, the Trustee is authorized to receive
any funds for the benefit of the Holders distributed under the Security Documents, and to make further distributions of such funds to the Holders according to the provisions of this Indenture. 
 SECTION 11.08. Purchaser Protected. In no event shall any purchaser in good faith of any property purported to be released hereunder
be bound to ascertain the authority of the Collateral Agent or the Trustee to execute the release or to inquire as to the satisfaction of any conditions required by the provisions hereof for the exercise of such authority or to see to the
application of any consideration given by such purchaser or other transferee; nor shall any purchaser or other transferee of any property or rights permitted by this Article 11 to be sold be under any obligation to ascertain or inquire into the
authority of the Issuers or the applicable Guarantor to make any such sale or other transfer. 
 SECTION 11.09. Powers
Exercisable by Receiver or Trustee. In case the Collateral shall be in the possession of a receiver or trustee, lawfully appointed, the powers conferred in this Article 11 upon the Issuers or a Guarantor with respect to the release, sale or
other disposition of such property may be exercised by such receiver or trustee, and an instrument signed by such receiver or trustee shall be deemed the equivalent of any similar instrument of the Issuers or a Guarantor or of any officer or
officers thereof required by the provisions of this Article 11; and if the Trustee shall be in the possession of the Collateral under any provision of this Indenture, then such powers may be exercised by the Trustee. 
 SECTION 11.10. Release Upon Termination of the Issuers’ Obligations. In the event that the Issuers deliver to the Trustee, in
form and substance acceptable to it, an Officers’ Certificate certifying that all the obligations under this Indenture, the Notes and the Security Documents have been satisfied and discharged by complying with the provisions of Article 8
and Section 7.07 or by the payment in full of the Issuers’ obligations under the Notes, this Indenture and the Security Documents, and all such obligations have been so satisfied, the Trustee shall deliver to the Issuers and the Collateral
Agent a notice stating that the Trustee, on behalf of the Holders, disclaims and gives up any and all rights it has in or to the Collateral (other than with respect to funds held by the Trustee pursuant to Article 8), and any rights it has under the
Security Documents, and upon receipt by the Collateral Agent of such notice, the Collateral Agent shall be deemed not to hold a Lien in the Collateral on behalf of the Trustee and shall do or cause to be done all acts reasonably necessary to release
such Lien as soon as is reasonably practicable. 
 SECTION 11.11. Collateral Agent. (a) The Trustee shall initially
act as Collateral Agent and shall be authorized to appoint co-Collateral Agents as necessary in its sole discretion. Except as otherwise explicitly provided herein or in the Security Documents, the New Intercreditor Agreement or the Existing
Intercreditor Agreement, neither the Collateral Agent nor

  

 103 

 
any of its respective officers, directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under
any obligation to sell or otherwise dispose of any Collateral upon the request of any other Person or to take any other action whatsoever with regard to the Collateral or any part thereof. The Collateral Agent shall be accountable only for amounts
that it actually receives as a result of the exercise of such powers, and neither the Collateral Agent nor any of its officers, directors, employees or agents shall be responsible for any act or failure to act hereunder, except for its own willful
misconduct, gross negligence or bad faith. 
 (b) The Trustee, as Collateral Agent (or such other applicable role), is
authorized and directed to (i) enter into the Security Documents, (ii) enter into the New Intercreditor Agreement and the Existing Intercreditor Agreement, (iii) bind the Holders on the terms as set forth in the Security Documents,
the New Intercreditor Agreement and the Existing Intercreditor Agreement and (iv) perform and observe its obligations under the Security Documents, the New Intercreditor Agreement and the Existing Intercreditor Agreement. 
 (c) If the Issuers (i) Incur First-Priority Lien Obligations at any time when no intercreditor agreement is in effect or at any time
when Indebtedness constituting First-Priority Lien Obligations entitled to the benefit of an existing intercreditor agreement is concurrently retired, and (ii) delivers to the Collateral Agent an Officers’ Certificate so stating and
requesting the Collateral Agent to enter into an intercreditor agreement (on substantially the same terms as the New Intercreditor Agreement in effect on the Issue Date) in favor of a designated agent or representative for the holders of the
First-Priority Lien Obligations so Incurred, the Collateral Agent shall (and is hereby authorized and directed to) enter into such intercreditor agreement, bind the Holders on the terms set forth therein and perform and observe its obligations
thereunder. 
 SECTION 11.12. Designations. Except as provided in the next sentence, for purposes of the provisions
hereof and the New Intercreditor Agreement requiring the Issuers to designate Indebtedness for the purposes of the terms “First-Priority Lien Obligations” and “Other Pari Passu Lien Obligations” or any other such designations
hereunder or under the New Intercreditor Agreement, any such designation shall be sufficient if the relevant designation is set forth in writing, signed on behalf of the Issuers by an Officer and delivered to the Trustee, the Collateral Agent and
the Credit Agent. For all purposes hereof and of the New Intercreditor Agreement and the Existing Intercreditor Agreement, the Issuers hereby designate the Obligations pursuant to the Credit Agreement as in effect on the Issue Date as
“First-Priority Lien Obligations.” 
  

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 ARTICLE 12 
 [INTENTIONALLY LEFT BLANK] 
 ARTICLE 13 
 MISCELLANEOUS 
 SECTION 13.01. Trust Indenture Act Controls. If and to the extent that any provision of this Indenture limits, qualifies or conflicts with the duties imposed by, or with another provision (an “incorporated provision”)
included in this Indenture by operation of, Sections 310 to 318 of the TIA, inclusive, such imposed duties or incorporated provision shall control. 
 SECTION 13.02. Notices. (a) Any notice or communication required or permitted hereunder shall be in writing and delivered in person, via facsimile or mailed by first-class mail addressed as
follows: 
 if to the Issuers or a Guarantor: 
 Hexion Specialty Chemicals, Inc. 
 180 East Broad St. 
 Columbus, OH 43215 
 Attention of: General Counsel 
 Facsimile: (614) 225-3354 
 if to the Trustee: 
 Wilmington Trust FSB 
 Corporate Capital Markets 
 50 South Sixth Street 
 Suite 1290 
 Minneapolis, Minnesota 55402 
 Attention of: Hexion Administrator 
 Facsimile: (612) 217-5651 
 The Issuers or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications. 
 (b) Any notice or communication mailed to a Holder shall be mailed, first class mail, to the Holder at the Holder’s address as it
appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. 
 (c) Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If a notice or communication is mailed in the manner provided above, it is duly given, whether or
not the addressee receives it, except that notices to the Trustee are effective only if received. 
 SECTION 13.03.
Communication by the Holders with Other Holders. The Holders may communicate pursuant to Section 312(b) of the TIA with other Holders with respect to their rights under this Indenture or the Notes. The Issuers, the Trustee, the Registrar
and other Persons shall have the protection of Section 312(c) of the TIA. 
  

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 SECTION 13.04. Certificate and Opinion as to Conditions Precedent. Upon any request
or application by the Issuers to the Trustee to take or refrain from taking any action under this Indenture, the Issuers shall furnish to the Trustee at the request of the Trustee: 
 (a) an Officers’ Certificate in form reasonably satisfactory to the Trustee stating that, in the opinion of the signers, all conditions
precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 
 (b) an Opinion
of Counsel in form reasonably satisfactory to the Trustee stating that, in the opinion of such counsel, all such conditions precedent have been complied with. 
 SECTION 13.05. Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a covenant or condition provided for in this Indenture (other than pursuant
to Section 4.09) shall include: 
 (a) a statement that the individual making such certificate or opinion has read such
covenant or condition; 
 (b) 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; 
 (c) a statement that, in the opinion of 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 
 (d) a statement as to whether or not, in the opinion of such individual, such covenant or condition has been complied with; provided,
however, that with respect to matters of fact an Opinion of Counsel may rely on an Officers’ Certificate or certificates of public officials. 
 SECTION 13.06. When Notes Disregarded. In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Issuers,
any Guarantor or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Issuers or any Guarantor shall be disregarded and deemed not to be outstanding, except that, for the purpose of
determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes which the Trustee knows are so owned shall be so disregarded. Subject to the foregoing, only Notes outstanding at the time shall be
considered in any such determination. 
 SECTION 13.07. Rules by Trustee, Paying Agent and Registrar. The Trustee may
make reasonable rules for action by or a meeting of the Holders. The Registrar and a Paying Agent may make reasonable rules for their functions. 
 SECTION 13.08. Legal Holidays. If a payment date is not a Business Day, payment shall be made on the next succeeding day that is a Business Day, and no interest shall accrue on any amount that
would have been otherwise payable on such payment date if it were a Business Day for the intervening period. If a regular record date is not a Business Day, the record date shall not be affected. 
  

 106 

 SECTION 13.09. GOVERNING LAW. THIS INDENTURE AND THE NOTES SHALL BE GOVERNED BY,
AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 13.10. No Recourse Against Others. No
affiliate, director, officer, employee, incorporator or holder of any equity interests in the Issuers or of any Guarantor or any direct or indirect parent corporation of Holdings, as such, shall have any liability for any obligations of the Issuers
or the Guarantors under the Notes or this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation; provided, however, the foregoing will not affect or limit any liability of any Guarantor
under this Indenture or its Guarantee. Each Holder of Notes by accepting a Note waives and releases all such liability. 
 SECTION 13.11. Successors. All agreements of the Issuers and each Guarantor in this Indenture and the Notes shall bind its successors. All agreements of the Trustee in this Indenture shall bind its successors. 
 SECTION 13.12. Multiple Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. One signed copy is enough to prove this Indenture. 
 SECTION
13.13. Table of Contents; Headings. The table of contents, cross-reference sheet and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof
and shall not modify or restrict any of the terms or provisions hereof. 
 SECTION 13.14. Indenture Controls. If and to
the extent that any provision of the Notes limits, qualifies or conflicts with a provision of this Indenture, such provision of this Indenture shall control. 
 SECTION 13.15. Severability. In case any provision in this Indenture 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 and such provision shall be ineffective only to the extent of such invalidity, illegality or unenforceability. 
 SECTION 13.16. Currency of Account; Conversion of Currency; Foreign Exchange Restrictions. (a) U.S. Dollars are the sole currency of account and payment for all sums payable by the Issuers and
the Guarantors under or in connection with the Notes, the Guarantees and this Indenture, including damages related thereto. Any amount received or recovered in a currency other than U.S. Dollars by a Holder (whether as a result of, or of the
enforcement of, a judgment or order of a court of any jurisdiction, in the winding-up or dissolution of the Issuers or otherwise) in respect of any sum expressed to be due to it from the Issuers or a Guarantor shall only constitute a discharge to
the Issuers or any such Guarantor to the extent of the U.S. Dollar amount, which the recipient is able to purchase with the amount so received or recovered in that other currency on the date of that receipt or recovery (or, if it is not
practicable to make that purchase on that date, on the first date on which it is practicable to do

  

 107 

 
so). If that U.S. Dollar amount is less than the U.S. Dollar amount expressed to be due to the recipient under the applicable Notes, the Issuers and the Guarantors shall indemnify it
against any loss sustained by it as a result as set forth in Section 13.16(b). In any event, the Issuers and the Guarantors shall indemnify the recipient against the cost of making any such purchase. For the purposes of this Section 13.16,
it will be sufficient for the Holder of a Note to certify in a satisfactory manner (indicating sources of information used) that it would have suffered a loss had an actual purchase of U.S. Dollars been made with the amount so received in that other
currency on the date of receipt or recovery (or, if a purchase of U.S. Dollars on such date had not been practicable, on the first date on which it would have been practicable, it being required that the need for a change of date be certified in the
manner mentioned above). 
 (b) The Issuers and the Guarantors, jointly and severally, covenant and agree that the following
provisions shall apply to conversion of currency in the case of the Notes, the Guarantees and this Indenture: 
 (1) (A) If for the purpose of obtaining judgment in, or enforcing the judgment of, any court in any country, it becomes necessary to convert into a currency (the “Judgment Currency”) an amount due in any other currency (the
“Base Currency”), then the conversion shall be made at the rate of exchange prevailing on the Business Day before the day on which the judgment is given or the order of enforcement is made, as the case may be (unless a court shall
otherwise determine). 
 (B) If there is a change in the rate of exchange prevailing between the Business Day before the day on
which the judgment is given or an order of enforcement is made, as the case may be (or such other date as a court shall determine), and the date of receipt of the amount due, the Issuers and the Guarantors will pay such additional (or, as the case
may be, such lesser) amount, if any, as may be necessary so that the amount paid in the Judgment Currency when converted at the rate of exchange prevailing on the date of receipt will produce the amount in the Base Currency originally due.

 (2) In the event of the winding-up of the Issuers or any Guarantor at any time while any amount or damages
owing under the Notes, the Guarantees and this Indenture, or any judgment or order rendered in respect thereof, shall remain outstanding, the Issuers and the Guarantors shall indemnify and hold the Holders and the Trustee harmless against any
deficiency arising or resulting from any variation in rates of exchange between (i) the date as of which the foreign currency equivalent of the amount due or contingently due under the Notes, the Guarantees and this Indenture (other than under
this subsection (b)(2)) is calculated for the purposes of such winding-up and (ii) the final date for the filing of proofs of claim in such winding-up. For the purpose of this subsection (b)(2), the final date for the filing of proofs of claim
in the winding-up of the Issuers or any Guarantor shall be the date fixed by the liquidator or otherwise in accordance with the relevant provisions of applicable law as being the latest practicable date as at which liabilities of the Issuers or such
Guarantor may be ascertained for such winding-up prior to payment by the liquidator or otherwise in respect thereto. 
  

 108 

 (A) The obligations contained in subsections (a), (b)(1)(B) and (b)(2) of this
Section 13.16 shall constitute separate and independent obligations from the other obligations of the Issuers and the Guarantors under this Indenture, shall give rise to separate and independent causes of action against the Issuers and the
Guarantors, shall apply irrespective of any waiver or extension granted by any Holder or the Trustee or either of them from time to time and shall continue in full force and effect notwithstanding any judgment or order or the filing of any proof of
claim in the winding-up of the Issuers or any Guarantor for a liquidated sum in respect of amounts due hereunder (other than under subsection (b)(2) above) or under any such judgment or order. Any such deficiency as aforesaid shall be deemed to
constitute a loss suffered by the Holders or the Trustee, as the case may be, and no proof or evidence of any actual loss shall be required by the Issuers or any Guarantor or the liquidator or otherwise or any of them. In the case of subsection
(b)(2) above, the amount of such deficiency shall not be deemed to be reduced by any variation in rates of exchange occurring between the said final date and the date of any liquidating distribution. 
 (B) The term “rate(s) of exchange” shall mean the rate of exchange quoted by Reuters at 10:00 a.m. (New York time) for spot
purchases of the Base Currency with the Judgment Currency other than the Base Currency referred to in subsections (b)(1) and (b)(2) above and includes any premiums and costs of exchange payable. 
 ARTICLE 14 
 ISSUERS’ ASSUMPTION 
 SECTION 14.01. Issuers’ Assumption. Notwithstanding anything in this
Indenture, on the Issue Date immediately after the Notes are issued, (i) Hexion U.S. Finance Corp. and Hexion Nova Scotia Finance, ULC shall assume all of the Escrow Issuers’ obligations (including Obligations) with respect to the Notes
and this Indenture as if Hexion U.S. Finance Corp. and Hexion Nova Scotia Finance, ULC had themselves issued the Notes, (ii) Holdings, Borden Chemical Foundry, LLC, Borden Chemical International Inc., Borden Chemical Investments, Inc., Hexion
CI Holding Company (China) LLC, HSC Capital Corporation, Lawter International Inc. and Oilfield Technology Group, Inc. shall Guarantee the obligations with respect to the Notes on the terms set forth in Article 10 hereof and (iii) the Escrow
Issuers’ obligations with respect to the Notes shall be released, pursuant to the Issuers’ Assumption so long as such parties shall have: 
 (a) executed and delivered to the Trustee a supplemental indenture substantially in the form of Appendix C pursuant to which the foregoing assumptions, guarantees and releases shall be effected;
and 
  

 109 

 (b) with respect to Hexion U.S. Finance Corp., Hexion Nova Scotia Finance, ULC, Holdings,
Borden Chemical Foundry, LLC, Borden Chemical International Inc., Borden Chemical Investments, Inc., Hexion CI Holding Company (China) LLC, HSC Capital Corporation, Lawter International Inc. and Oilfield Technology Group, Inc., executed and
delivered to the Initial Purchasers the Registration Rights Agreement and the Joinder to the Purchase Agreement. 
  

 110 

 IN WITNESS WHEREOF, the parties have caused this Indenture to be duly executed as of the
date first written above. 
  

			
	HEXION FINANCE ESCROW LLC,
		
	By:	 	/s/ Authorized Signatory
		 	Name:
		 	Title:
	
	HEXION ESCROW CORPORATION,
		
	By:	 	/s/ Authorized Signatory
		 	Name:
		 	Title:
	
	WILMINGTON TRUST FSB, as Trustee,
		
	By:	 	/s/ Authorized Signatory
		 	Name:
		 	Title:

 [SIGNATURE PAGE TO
THE INDENTURE] 

 APPENDIX A 
 Rule 144A/REGULATION S/IAI APPENDIX 
 PROVISIONS RELATING TO
INITIAL NOTES, 
 PRIVATE EXCHANGE NOTES 
 AND EXCHANGE NOTES 
  

	1.	Definitions 

 1.1
Definitions 
 For the purposes of this Appendix the following terms shall have the meanings indicated below: 

“Applicable Procedures” means, with respect to any transfer or transaction involving a Temporary Regulation S
Global Note or beneficial interest therein, the rules and procedures of the Depository for such a Temporary Regulation S Global Note, to the extent applicable to such transaction and as in effect from time to time. 
 “Definitive Note” means a certificated Initial Note or Exchange Note or Private Exchange Note bearing, if required,
the appropriate restricted notes legend set forth in Section 2.3(e). 
 “Depository” means The
Depository Trust Company, its nominees and their respective successors. 
 “Distribution Compliance
Period”, with respect to any Notes, means the period of 40 consecutive days beginning on and including the later of (i) the day on which such Notes are first offered to Persons other than distributors (as defined in Regulation S under the
Securities Act) in reliance on Regulation S and (ii) the issue date with respect to such Notes. 
 “Exchange Notes” means the Notes issued pursuant to the Indenture in connection with the Registered Exchange Offer pursuant to the Registration Rights Agreement. 
 “IAI” means an institutional “accredited investor”, as defined in Rule 501(a)(1), (2), (3) and
(7) of Regulation D under the Securities Act. 
 “Initial Purchasers” means (a) with respect
to the Initial Notes issued on the Issue Date, each of the initial purchasers listed as such in the Offering Circular and (b) with respect to each issuance of Additional Notes, the Persons purchasing or underwriting such Additional Notes under
the related Purchase Agreement. 
 “Initial Notes” means the initial $1,000,000,000 in aggregate
principal amount of Notes issued on the Issue Date. 
 “Notes” means the Initial Notes and the Exchange
Notes. 
 “Notes Custodian” means the custodian with respect to a Global Note (as appointed by the
Depository), or any successor Person thereto, and shall initially be the Trustee. 

 “Private Exchange” means the offer by the Issuers, pursuant to the
Registration Rights Agreement, to the Initial Purchasers to issue and deliver to each such Initial Purchaser, in exchange for the Initial Notes held by such Initial Purchaser as part of the initial distribution of such Initial Notes, a like
aggregate principal amount of Private Exchange Notes. 
 “Private Exchange Notes” means any Notes
issued in connection with a Private Exchange. 
 “Purchase Agreement” means (a) with respect to
the Initial Notes issued on the Issue Date, the Purchase Agreement dated January 14, 2010, among the Issuers, the Guarantors and the Initial Purchasers and (b) with respect to each issuance of Additional Notes, the purchase agreement or
underwriting agreement among the Issuers, the Guarantors and the Persons purchasing or underwriting such Additional Notes. 
 “QIB” means a “qualified institutional buyer” as defined in Rule 144A. 
 “Registered Exchange Offer” means the offer by the Issuers, pursuant to a Registration Rights Agreement, to certain Holders of Initial Notes, to issue and deliver to such Holders, in exchange
for the Initial Notes, a like aggregate principal amount of Exchange Notes registered under the Securities Act. 
 “Rule 144A Notes” means all Notes offered and sold to QIBs in reliance on Rule 144A. 
 “Securities Act” means the Securities Act of 1933, as amended. 
 “Shelf Registration
Statement” means the registration statement issued by the Issuers in connection with the offer and sale of Initial Notes or Private Exchange Notes pursuant to the Registration Rights Agreement. 
 “Transfer Restricted Notes” means Notes that bear or are required to bear a legend relating to restrictions on
transfer relating to the Securities Act set forth in Section 2.3(e). 
  

 2 

 1.2 Other Definitions 
  

				
	 Term
	  	Defined in
Section:	 
	 “Agent Members”
	  	2.1	(b) 
	 “Global Note”
	  	2.1	(a) 
	 “IAI Global Note”
	  	2.1	(a) 
	 “Permanent Regulation S Global Note”
	  	2.1	(a) 
	 “Regulation S”
	  	2.1	(a) 
	 “Rule 144A”
	  	2.1	(a) 
	 “Rule 144A Global Note”
	  	2.1	(a) 
	 “Temporary Regulation S Global Note”
	  	2.1	(a) 

  

	2.	The Notes 

 2.1(a) Form and Dating. The Initial Notes will be offered and sold by the Issuers pursuant to the Purchase Agreement. The Initial Notes will be resold initially only to (i) QIBs in reliance on Rule 144A under the
Securities Act (“Rule 144A”) and (ii) Persons other than U.S. Persons (as defined in Regulation S) in reliance on Regulation S under the Securities Act (“Regulation S”). Initial Notes may thereafter be transferred to,
among others, QIBs, IAIs and purchasers in reliance on Regulation S, subject to the restrictions on transfer set forth herein. Initial Notes initially resold pursuant to Rule 144A shall be issued initially in the form of one or more permanent global
Notes in definitive, fully registered form (collectively, the “Rule 144A Global Note”); Initial Notes initially resold to IAIs shall be issued initially in the form of one or more permanent global Notes in definitive, fully registered form
(collectively, the “IAI Global Note”); and Initial Notes initially resold pursuant to Regulation S shall be issued initially in the form of one or more temporary global notes in fully registered form (collectively, the “Temporary
Regulation S Global Note”), in each case without interest coupons and with the global notes legend and the applicable restricted notes legend set forth in Exhibit 1 hereto, which shall be deposited on behalf of the purchasers of the
Initial Notes represented thereby with the Notes Custodian and registered in the name of the Depository or a nominee of the Depository, duly executed by the Issuers and authenticated by the Trustee as provided in this Indenture. Except as set forth
in this Section 2.1(a), beneficial ownership interests in the Temporary Regulation S Global Note will not be exchangeable for interests in the Rule 144A Global Note, the IAI Global Note, a permanent global note (the “Permanent Regulation S
Global Note”, and together with the Temporary Regulation S Global Note, the “Regulation S Global Note”) or any other Note prior to the expiration of the Distribution Compliance Period and then, after the expiration of the Distribution
Compliance Period, may be exchanged for interests in a Rule 144A Global Note, an IAI Global Note or the Permanent Regulation S Global Note only upon certification in form reasonably satisfactory to the Trustee that (i) beneficial
ownership interests in such Temporary Regulation S Global Note are owned either by non-U.S. persons or U.S. persons who purchased such interests in a transaction that did not require registration under the Securities Act and (ii) in the case of
an exchange for an IAI Global Note, certification that the interest in the Temporary Regulation S Global Note is being transferred to an institutional “accredited investor” under the Securities Act that is an institutional accredited
investor acquiring the notes for its own account or for the account of an institutional accredited investor. 
  

 3 

 Beneficial interests in Temporary Regulation S Global Notes (after the
expiration of the Distribution Compliance Period) or IAI Global Notes may be exchanged for interests in Rule 144A Global Notes if (1) such exchange occurs in connection with a transfer of Notes in compliance with Rule 144A and (2) the
transferor of the beneficial interest in the Temporary Regulation S Global Note or the IAI Global Note, as applicable, first delivers to the Trustee a written certificate (in a form satisfactory to the Trustee) to the effect that the beneficial
interest in the Temporary Regulation S Global Note or the IAI Global Note, as applicable, is being transferred to a Person (a) who the transferor reasonably believes to be a QIB, (b) purchasing for its own account or the account of a QIB
in a transaction meeting the requirements of Rule 144A, and (c) in accordance with all applicable notes laws of the States of the United States and other jurisdictions. 
 Beneficial interests in Temporary Regulation S Global Notes (after the expiration of the Distribution Compliance Period) and
Rule 144A Global Notes may be exchanged for an interest in IAI Global Notes if (1) such exchange occurs in connection with a transfer of the notes in compliance with an exemption under the Securities Act and (2) the transferor of the
Regulation S Global Note or Rule 144A Global Note, as applicable, first delivers to the trustee a written certificate (substantially in the form of Exhibit 2) to the effect that (A) the Regulation S Global Note or Rule 144A Global
Note, as applicable, is being transferred (a) to an “accredited investor” within the meaning of 501(a)(1),(2),(3) and (7) under the Securities Act that is an institutional investor acquiring the notes for its own account or for
the account of such an institutional accredited investor, in each case in a minimum principal amount of the notes of $250,000, for investment purposes and not with a view to or for offer or sale in connection with any distribution in violation of
the Securities Act and (B) in accordance with all applicable securities laws of the States of the United States and other jurisdictions. 
 Beneficial interests in a Rule 144A Global Note or an IAI Global Note may be transferred to a Person who takes delivery in the form of an interest in a Regulation S Global Note, whether before
or after the expiration of the Distribution Compliance Period, only if the transferor first delivers to the Trustee a written certificate (in the form provided in this Indenture) to the effect that such transfer is being made in accordance with
Rule 903 or 904 of Regulation S or Rule 144 (if applicable). 
 The Rule 144A Global Note, the IAI
Global Note, the Temporary Regulation S Global Note and the Permanent Regulation S Global Note are collectively referred to herein as “Global Notes”. The aggregate principal amount of the Global Notes may from time to time be increased or
decreased by adjustments made on the records of the Trustee and the Depository or its nominee as hereinafter provided. 
 (b) Book-Entry Provisions. This Section 2.1(b) shall apply only to a Global Note deposited with or on behalf of the Depository. 
 The Issuers shall execute and the Trustee shall, in accordance with this Section 2.1(b), authenticate and deliver initially one or more Global Notes that (a) shall be registered in the name of
the Depository for such Global Note or Global Notes or the nominee of such Depository and (b) shall be delivered by the Trustee to such Depository or pursuant to such Depository’s instructions or held by the Trustee as custodian for the
Depository. 
  

 4 

 Members of, or participants in, the Depository (“Agent Members”)
shall have no rights under this Indenture with respect to any Global Note held on their behalf by the Depository or by the Trustee as the custodian of the Depository or under such Global Note, and the Issuers, the Trustee and any agent of the
Issuers, the Guarantors or the Trustee shall be entitled to treat the Depository as the absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuers, the Guarantors, the
Trustee or any agent of the Issuers, the Guarantors or the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depository or impair, as between the Depository and its Agent Members, the operation of
customary practices of such Depository governing the exercise of the rights of a holder of a beneficial interest in any Global Note. 
 (c) Definitive Notes. Except as provided in this Section 2.1 or Section 2.3 or 2.4, owners of beneficial interests in Global Notes shall not be entitled to receive physical delivery of
Definitive Notes. 
 2.2 Authentication 
 The Trustee shall authenticate and deliver: (1) on the Issue Date, an aggregate principal amount of $1,000,000,000 Notes
(2) any Additional Notes for an original issue in an aggregate principal amount specified in the written order of the Issuers pursuant to Section 2.03 of the Indenture and (3) Exchange Notes for issue only in a Registered Exchange
Offer pursuant to a Registration Rights Agreement, for a like principal amount of Initial Notes upon a written order of the Issuers signed by two Officers or by an Officer and either an Assistant Treasurer or an Assistant Secretary of the Issuers.
Such order shall specify the amount of the Notes to be authenticated and the date on which the original issue of Notes is to be authenticated and, in the case of any issuance and Additional Notes pursuant to Section 2.01 of the Indenture, shall
certify that such issuance is in compliance with Section 4.03 of the Indenture. 
 2.3 Transfer and Exchange

 (a) Transfer and Exchange of Definitive Notes. When Definitive Notes are presented to the Registrar
with a request: 
  

	 	(x)	to register the transfer of such Definitive Notes; or 

  

	 	(y)	to exchange such Definitive Notes for an equal principal amount of Definitive Notes of other authorized denominations, 

 the Registrar shall register the transfer or make the exchange as requested if its reasonable requirements for such transaction are met; provided,
however, that the Definitive Notes surrendered for transfer or exchange: 
 (i) shall be duly endorsed or
accompanied by a written instrument of transfer in form reasonably satisfactory to the Issuers and the Registrar, duly executed by the Holder thereof or its attorney duly authorized in writing; and 
  

 5 

 (ii) if such Definitive Notes are required to bear a restricted notes
legend, they are being transferred or exchanged pursuant to an effective registration statement under the Securities Act, pursuant to Section 2.3(b) or pursuant to clause (A), (B) or (C) below, and are accompanied by the following
additional information and documents, as applicable: 
 (A) if such Definitive Notes are being delivered to the
Registrar by a Holder for registration in the name of such Holder, without transfer, a certification from such Holder to that effect; or 
 (B) if such Definitive Notes are being transferred to the Issuers, a certification to that effect; or 
 (C) if such Definitive Notes are being transferred (x) pursuant to an exemption from registration in accordance with Rule 144A, Regulation S or Rule 144 under the Securities Act; or (y) in
reliance upon another exemption from the requirements of the Securities Act: (i) a certification to that effect (in the form set forth on the reverse of the Note) and (ii) if the Issuers so request, an opinion of counsel or other evidence
reasonably satisfactory to it as to the compliance with the restrictions set forth in the legend set forth in Section 2.3(e)(i). 
 (b) Restrictions on Transfer of a Definitive Note for a Beneficial Interest in a Global Note. A Definitive Note may not be exchanged for a beneficial interest in a Rule 144A Global Note, an
IAI Global Note or a Permanent Regulation S Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or accompanied by appropriate instruments of transfer, in form
satisfactory to the Trustee, together with: 
 (i) certification, in the form set forth on the reverse of the
Note, that such Definitive Note is either (A) being transferred to a QIB in accordance with Rule 144A, (B) being transferred to an IAI or (C) being transferred after expiration of the Distribution Compliance Period by a Person who
initially purchased such Note in reliance on Regulation S to a buyer who elects to hold its interest in such Note in the form of a beneficial interest in the Permanent Regulation S Global Note; and 
 (ii) written instructions directing the Trustee to make, or to direct the Notes Custodian to make, an adjustment on its books
and records with respect to such Rule 144A Global Note (in the case of a transfer pursuant to clause (b)(i)(A)), IAI Global Note (in the case of a transfer pursuant to clause (b)(i)(B) or Permanent Regulation S Global Note (in the case of a
transfer pursuant to clause (b)(i)(C)) to reflect an increase in the aggregate principal amount of the Notes represented by the Rule 144A Global Note, IAI Global Note or Permanent Regulation S Global Note, as applicable, such instructions to contain
information regarding the Depository account to be credited with such increase, 
 then the Trustee shall cancel such Definitive Note and cause,
or direct the Notes Custodian to cause, in accordance with the standing instructions and procedures existing between the Depository and the Notes Custodian, the aggregate principal amount of Notes represented by the

  

 6 

 
Rule 144A Global Note, IAI Global Note or Permanent Regulation S Global Note, as applicable, to be increased by the aggregate principal amount of the Definitive Note to be exchanged and shall
credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Rule 144A Global Note, IAI Global Note or Permanent Regulation S Global Note, as applicable, equal to the principal amount of the
Definitive Note so canceled. If no Rule 144A Global Notes, IAI Global Notes or Permanent Regulation S Global Notes, as applicable, are then outstanding, the Issuers shall issue and the Trustee shall authenticate, upon written order of the Issuers in
the form of an Officers’ Certificate of the Issuers, a new Rule 144A Global Note, IAI Global Note or Permanent Regulation S Global Note, as applicable, in the appropriate principal amount. 
 (c) Transfer and Exchange of Global Notes. 
 (i) The transfer and exchange of Global Notes or beneficial interests therein shall be effected through the Depository, in
accordance with this Indenture (including applicable restrictions on transfer set forth herein, if any) and the procedures of the Depository therefor. A transferor of a beneficial interest in a Global Note shall deliver to the Registrar a written
order given in accordance with the Depository’s procedures containing information regarding the participant account of the Depository to be credited with a beneficial interest in the Global Note. The Registrar shall, in accordance with such
instructions, instruct the Depository to credit to the account of the Person specified in such instructions a beneficial interest in the Global Note and to debit the account of the Person making the transfer the beneficial interest in the Global
Note being transferred. 
 (ii) If the proposed transfer is a transfer of a beneficial interest in one Global
Note to a beneficial interest in another Global Note, the Registrar shall reflect on its books and records the date and an increase in the principal amount of the Global Note to which such interest is being transferred in an amount equal to the
principal amount of the interest to be so transferred, and the Registrar shall reflect on its books and records the date and a corresponding decrease in the principal amount of the Global Note from which such interest is being transferred.

 (iii) Notwithstanding any other provisions of this Appendix (other than the provisions set forth in
Section 2.4), a Global Note may not be transferred as a whole except by the Depository to a nominee of the Depository or by a nominee of the Depository to the Depository or another nominee of the Depository or by the Depository or any such
nominee to a successor Depository or a nominee of such successor Depository. 
 (iv) In the event that a Global
Note is exchanged for Definitive Notes pursuant to Section 2.4 of this Appendix, prior to the consummation of a Registered Exchange Offer or the effectiveness of a Shelf Registration Statement with respect to such Notes, such Notes may be
exchanged only in accordance with such procedures as are substantially consistent with the provisions of this Section 2.3 (including the certification requirements set forth on the reverse of the Initial Notes intended to ensure that such
transfers comply with Rule 144A, Regulation S or another applicable exemption under the Securities Act, as the case may be) and such other procedures as may from time to time be adopted by the Issuers. 
  

 7 

 (d) Restrictions on Transfer of Temporary Regulation S Global Notes.
During the Distribution Compliance Period, beneficial ownership interests in Temporary Regulation S Global Notes may only be sold, pledged or transferred in accordance with the Applicable Procedures and only (i) to the Issuers, (ii) in an
offshore transaction in accordance with Regulation S (other than a transaction resulting in an exchange for an interest in a Permanent Regulation S Global Note), (iii) pursuant to an effective registration statement under the Securities Act, in
each case in accordance with any applicable securities laws of any State of the United States. 
 (e) Legend.

 (i) Except as permitted by the following paragraphs (ii), (iii) and (iv), each Note certificate
evidencing the Global Notes (and all Notes issued in exchange therefor or in substitution thereof), in the case of Notes offered otherwise than in reliance on Regulation S, shall bear a legend in substantially the following form: 
 THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE
SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 
 THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE ISSUERS THAT (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO THE ISSUERS, (II) WITHIN THE UNITED
STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (III) TO AN INSTITUTIONAL ACCREDITED
INVESTOR WITHIN THE MEANING OF RULE 501(A)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE TRANSFER OF THIS
NOTE (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUERS THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE
SECURITIES ACT, (IV) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH

  

 8 

 
RULE 904 UNDER THE SECURITIES ACT, (V) PURSUANT TO EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (VI) PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (VI), IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS
REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE. 
 Each certificate evidencing a Note offered in reliance on Regulation S shall, in lieu of the foregoing, bear a legend in substantially the following form: 
 THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE
TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE
HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT. 
 Each Definitive Note shall also bear the following
additional legend: 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH
CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 
 (ii) Upon any sale or transfer of a Transfer Restricted Note (including any Transfer Restricted Note represented by a Global Note) pursuant to Rule 144 under the Securities Act, the Registrar shall permit
the transferee thereof to exchange such Transfer Restricted Note for a certificated Note that does not bear the legend set forth above and rescind any restriction on the transfer of such Transfer Restricted Note, if the transferor thereof certifies
in writing to the Registrar that such sale or transfer was made in reliance on Rule 144 (such certification to be in the form set forth on the reverse of the Note). 
 (iii) After a transfer of any Initial Notes or Private Exchange Notes pursuant to and during the period of the effectiveness
of a Shelf Registration Statement with respect to such Initial Notes or Private Exchange Notes, as the case may be, all requirements pertaining to legends on such Initial Note or Private Exchange Note will cease to apply, the requirements requiring
any such Initial Note or Private Exchange Note issued to certain Holders be issued in global form will cease to apply, and a certificated Initial Note

  

 9 

 
or Private Exchange Note or an Initial Note or Private Exchange Note in global form, in each case without restrictive transfer legends, will be available to the transferee of the Holder of such
Initial Notes upon exchange of such transferring Holder’s certificated Initial Note or Private Exchange Note or directions to transfer such Holder’s interest in the Global Note, as applicable. 
 (iv) Upon the consummation of a Registered Exchange Offer with respect to the Initial Notes, all requirements pertaining to
such Initial Notes that Initial Notes issued to certain Holders be issued in global form will still apply with respect to Holders of such Initial Notes that do not exchange their Initial Notes, and Exchange Notes in certificated or global form, in
each case without the restricted notes legend set forth in Exhibit 1 hereto, will be available to Holders that exchange such Initial Notes in such Registered Exchange Offer. 
 (v) Upon the consummation of a Private Exchange with respect to the Initial Notes, all requirements pertaining to such
Initial Notes that Initial Notes issued to certain Holders be issued in global form will still apply with respect to Holders of such Initial Notes that do not exchange their Initial Notes, and Private Exchange Notes in global form with the global
notes legend and the applicable restricted notes legend set forth in Exhibit 1 hereto will be available to Holders that exchange such Initial Notes in such Private Exchange. 
 (f) Cancellation or Adjustment of Global Note. At such time as all beneficial interests in a Global Note have either
been exchanged for Definitive Notes, redeemed, purchased or canceled, such Global Note shall be returned to the Depository for cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest
in a Global Note is exchanged for certificated Notes, redeemed, purchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Trustee (if it is
then the Notes Custodian for such Global Note) with respect to such Global Note, by the Trustee or the Notes Custodian, to reflect such reduction. 
 (g) No Obligation of the Trustee. 
 (i) The Trustee shall have no
responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in the Depository or other Person with respect to the accuracy of the records of the Depository or its nominee or of any participant or member
thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial owner or other Person (other than the Depository) of any notice (including any notice of redemption) or the payment
of any amount, under or with respect to such Notes. All notices and communications to be given to the Holders and all payments to be made to Holders under the Notes shall be given or made only to or upon the order of the registered Holders (which
shall be the Depository or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note shall be exercised only through the Depository subject to the applicable rules and procedures of the Depository. The Trustee may
rely and shall be fully protected in relying upon information furnished by the Depository with respect to its members, participants and any beneficial owners. 
  

 10 

 (ii) The Trustee shall have no obligation or duty to monitor, determine or
inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among Depository participants, members or
beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine
the same to determine substantial compliance as to form with the express requirements hereof. 
 2.4 Certificated Notes

 (a) A Global Note deposited with the Depository or with the Trustee as Notes Custodian for the Depository
pursuant to Section 2.1 shall be transferred to the beneficial owners thereof in the form of Definitive Notes in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, only if such
transfer complies with Section 2.3 hereof and (i) the Depository notifies the Issuers that it is unwilling or unable to continue as Depository for such Global Note and the Depository fails to appoint a successor depositary or if at any
time such Depository ceases to be a “clearing agency” registered under the Exchange Act and, in either case, a successor Depository is not appointed by the Issuers within 90 days of such notice, or (ii) an Event of Default has
occurred and is continuing or (iii) the Issuers, in its sole discretion, notifies the Trustee in writing that it elects to cause the issuance of Definitive Notes under this Indenture. 
 (b) Any Global Note that is transferable to the beneficial owners thereof pursuant to this Section 2.4 shall be
surrendered by the Depository to the Trustee located at its corporate trust office, to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver, upon such transfer of each portion of
such Global Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. Any portion of a Global Note transferred pursuant to this Section 2.4 shall be executed, authenticated and delivered only in denominations of
$2,000 principal amount and any integral multiples of $1,000 in excess thereof, provided that a portion of a Global Note may be issued in a denomination of less than $1,000 solely to accommodate book-entry positions that have been created by
the Depository in denominations of less than $1,000, and registered in such names as the Depository shall direct. Any Definitive Note delivered in exchange for an interest in the Transfer Restricted Note shall, except as otherwise provided by
Section 2.3(e) hereof, bear the applicable restricted notes legend and definitive note legend set forth in Exhibit 1 hereto. 
 (c) Subject to the provisions of Section 2.4(b) hereof, the registered Holder of a Global Note shall be entitled to grant proxies and otherwise authorize any Person, including Agent Members and
Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Notes. 
  

 11 

 (d) In the event of the occurrence of one of the events specified in
Section 2.4(a) hereof, the Issuers shall promptly make available to the Trustee a reasonable supply of Definitive Notes in definitive, fully registered form without interest coupons. In the event that such Definitive Notes are not issued, the
Issuers expressly acknowledge, with respect to the right of any Holder to pursue a remedy pursuant to Section 6.06 of this Indenture, the right of any beneficial owner of Notes to pursue such remedy with respect to the portion of the Global
Note that represents such beneficial owner’s Notes as if such Definitive Notes had been issued. 
  

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 EXHIBIT 1 to Rule 144A/REGULATION S/IAI APPENDIX 
 [FORM OF FACE OF INITIAL NOTE] 
 [Global Notes Legend] 
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE ISSUERS OR THEIR AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF
CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS
GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 [For Regulation S Global Note Only] 
 UNTIL 40 DAYS AFTER THE LATER OF
COMMENCEMENT OR COMPLETION OF THE OFFERING, AN OFFER OR SALE OF NOTES WITHIN THE UNITED STATES BY A DEALER (AS DEFINED IN THE SECURITIES ACT) MAY VIOLATE THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IF SUCH OFFER OR SALE IS MADE OTHERWISE
THAN IN ACCORDANCE WITH RULE 144A THEREUNDER.] 
 [Restricted Notes Legend for Notes Offered Otherwise than in Reliance on
Regulation S] 
 THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS
HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 

 THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE ISSUERS THAT (A) THIS NOTE MAY BE
OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO THE ISSUERS, (II) WITHIN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT)
IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (III) TO AN INSTITUTIONAL “ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(A)(1), (2), (3) OR (7) UNDER THE SECURITIES ACT THAT, PRIOR TO SUCH TRANSFER,
FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE TRANSFER OF THIS NOTE (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT
OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUERS THAT SUCH TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT, (IV) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES
ACT, (V) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (VI) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES
(I) THROUGH (VI) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS
REFERRED TO IN (A) ABOVE. 
 [Restricted Notes Legend for Notes Offered in Reliance on Regulation S.] 
 THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION ORIGINALLY EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE
SECURITIES ACT AND ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT. 
 [Temporary Regulation S Global Note Legend] 
 EXCEPT AS SET FORTH BELOW,
BENEFICIAL OWNERSHIP INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE WILL NOT BE EXCHANGEABLE FOR INTERESTS IN THE PERMANENT REGULATION S GLOBAL NOTE OR ANY OTHER NOTE REPRESENTING AN INTEREST IN THE NOTES REPRESENTED HEREBY WHICH DO
NOT CONTAIN A LEGEND CONTAINING RESTRICTIONS ON TRANSFER, UNTIL THE EXPIRATION OF THE “40-DAY DISTRIBUTION COMPLIANCE PERIOD” (WITHIN THE MEANING OF RULE 903(b)(2) OF REGULATION S UNDER THE SECURITIES ACT) AND THEN ONLY UPON
CERTIFICATION IN FORM REASONABLY SATISFACTORY TO THE TRUSTEE THAT

  

 2 

 
SUCH BENEFICIAL INTERESTS ARE OWNED EITHER BY NON-U.S. PERSONS OR U.S. PERSONS WHO PURCHASED SUCH INTERESTS IN A TRANSACTION THAT DID NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT. DURING
SUCH 40-DAY DISTRIBUTION COMPLIANCE PERIOD, BENEFICIAL OWNERSHIP INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE MAY ONLY BE SOLD, PLEDGED OR TRANSFERRED (I) TO THE ISSUERS, (II) OUTSIDE THE UNITED STATES IN A TRANSACTION IN
ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, OR (III) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (III) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES. HOLDERS OF INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE WILL NOTIFY ANY PURCHASER OF THIS NOTE OF THE RESALE RESTRICTIONS REFERRED TO ABOVE, IF THEN APPLICABLE. 
 AFTER THE EXPIRATION OF THE DISTRIBUTION COMPLIANCE PERIOD, BENEFICIAL INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE MAY BE EXCHANGED
FOR INTERESTS IN A RULE 144A GLOBAL NOTE ONLY IF (1) SUCH EXCHANGE OCCURS IN CONNECTION WITH A TRANSFER OF THE NOTES IN COMPLIANCE WITH RULE 144A AND (2) THE TRANSFEROR OF THE REGULATION S GLOBAL NOTE FIRST DELIVERS TO THE TRUSTEE A
WRITTEN CERTIFICATE (IN THE FORM ATTACHED TO THIS CERTIFICATE) TO THE EFFECT THAT THE REGULATION S GLOBAL NOTE IS BEING TRANSFERRED (A) TO A PERSON WHO THE TRANSFEROR REASONABLY BELIEVES TO BE A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING
OF RULE 144A, (B) TO A PERSON WHO IS PURCHASING FOR ITS OWN ACCOUNT OR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, AND (C) IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE
STATES OF THE UNITED STATES AND OTHER JURISDICTIONS. 
 AFTER THE EXPIRATION OF THE DISTRIBUTION COMPLIANCE PERIOD, BENEFICIAL
INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE MAY BE EXCHANGED FOR INTERESTS IN AN IAI GLOBAL NOTE ONLY IF (1) SUCH EXCHANGE OCCURS IN CONNECTION WITH A TRANSFER OF THE NOTES IN COMPLIANCE WITH AN EXEMPTION UNDER THE SECURITIES ACT AND
(2) THE TRANSFEROR OF THE REGULATION S GLOBAL NOTE FIRST DELIVERS TO THE TRUSTEE A WRITTEN CERTIFICATE (IN THE FORM ATTACHED TO THIS CERTIFICATE) TO THE EFFECT THAT THE REGULATION S GLOBAL NOTE IS BEING TRANSFERRED (A) TO AN INSTITUTIONAL
“ACCREDITED INVESTOR” WITHIN THE MEANING OF RULE 501(A)(1),(2),(3) OR (7) UNDER THE SECURITIES ACT THAT, PRIOR TO SUCH TRANSFER, FURNISHES THE TRUSTEE A SIGNED LETTER CONTAINING CERTAIN REPRESENTATIONS AND AGREEMENTS RELATING TO THE
TRANSFER OF THIS NOTE (THE FORM OF WHICH CAN BE OBTAINED FROM THE TRUSTEE) AND, IF SUCH TRANSFER IS IN RESPECT OF AN AGGREGATE PRINCIPAL AMOUNT OF NOTES LESS THAN $250,000, AN OPINION OF COUNSEL ACCEPTABLE TO THE ISSUERS THAT SUCH TRANSFER IS IN
COMPLIANCE WITH THE SECURITIES ACT AND (B) IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER JURISDICTIONS. 
  

 3 

 BENEFICIAL INTERESTS IN A RULE 144A GLOBAL NOTE OR AN IAI GLOBAL NOTE MAY BE TRANSFERRED TO
A PERSON WHO TAKES DELIVERY IN THE FORM OF AN INTEREST IN THE REGULATION S GLOBAL NOTE, WHETHER BEFORE OR AFTER THE EXPIRATION OF THE 40-DAY DISTRIBUTION COMPLIANCE PERIOD, ONLY IF THE TRANSFEROR FIRST DELIVERS TO THE TRUSTEE A WRITTEN CERTIFICATE
(IN THE FORM ATTACHED TO THIS CERTIFICATE) TO THE EFFECT THAT SUCH TRANSFER IS BEING MADE IN ACCORDANCE WITH RULE 903 OR 904 OF REGULATION S OR RULE 144 (IF AVAILABLE). 
 [Definitive Notes Legend] 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL
DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 
  

 4 

 HEXION FINANCE ESCROW LLC 
 HEXION ESCROW CORPORATION 
 8.875% Senior Secured Notes due
2018 
 144A CUSIP No. 428298AA1 
 144A ISIN No. US428298AA10 
 REG S CUSIP No. U4320WAA9 
 REG S ISIN No. USU4320WAA90 
 No.
[    ] 
 HEXION FINANCE ESCROW LLC, a Delaware limited liability company, and HEXION ESCROW CORPORATION, a
Delaware corporation, jointly and severally, promise to pay to [    ], or its registered assigns, the principal sum set forth on the Schedule of Increases or Decreases in Global Note attached hereto on February 1, 2018.

 Interest Payment Dates: February 1 and August 1 
 Record Dates: January 15 and July 15 
 Additional provisions of this Note are set forth on the other side of this Note. 
 Dated:
January 29, 2010 
 [SIGNATURE PAGE FOLLOWS] 
  

 5 

 IN WITNESS WHEREOF, the Issuers have caused this instrument to be duly executed. 

Dated: 
  

			
	HEXION FINANCE ESCROW LLC
		
	by	 	 
		 	Name:
		 	Title:
	
	HEXION ESCROW CORPORATION
		
	by	 	 
		 	Name:
		 	Title:

  

 6 

			
	 TRUSTEE’S CERTIFICATE OF
AUTHENTICATION

	
	WILMINGTON TRUST FSB
		
		 	 as Trustee, certifies
that this is one of
the Notes referred
to in the Indenture.

		
	by	 	 
		 	Authorized Signatory
		
	Date: 	 	 

  

 7 

 [FORM OF REVERSE SIDE OF INITIAL NOTE] 
 [8.875% Senior Secured Notes Due 2018] 
  

	1.	Interest 

 Hexion Finance
Escrow LLC, a Delaware limited liability company, and Hexion Escrow Corporation, a Delaware corporation (such Persons, and their respective successors and assigns under the Indenture hereinafter referred to, being herein called the
“Issuers”), jointly and severally, promise to pay interest on the principal amount of this Note at a rate per annum of 8.875%; provided, however, that if a Registration Default (as defined in the Registration Rights
Agreement) occurs, additional interest will accrue on this Note at a rate of 0.25% per annum (increasing by an additional 0.25% per annum after each consecutive 90-day period that occurs after the date on which such Registration Default
occurs up to a maximum additional interest rate of 1.00%) from and including the date on which any such Registration Default shall occur to but excluding the earlier of (x) the date on which all Registration Defaults have been cured and
(y) the date which is two years from the Issue Date. The Issuers will pay interest semiannually in arrears to the holders of record of the Notes on February 1 and August 1 of each year, commencing August 1, 2010. Interest on the
Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Issue Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers will pay interest on
overdue principal at the rate borne by this Note plus 1.0% per annum, and it will pay interest on overdue installments of interest at the same rate to the extent lawful. 
  

	2.	Method of Payment 

 The
Issuers will pay interest on the Notes (except defaulted interest) to the Persons who are registered holders of Notes at the close of business on the January 15 or July 15 next preceding the interest payment date even if Notes are canceled
after the record date and on or before the interest payment date. Holders must surrender Notes to a Paying Agent to collect principal payments. The Issuers will pay principal and interest in money of the United States that at the time of payment is
legal tender for payment of public and private debts. Payments in respect of the Notes represented by a Global Note (including principal, premium and interest) will be made by wire transfer of immediately available funds to the accounts specified by
the Depository. The Issuers will make all payments in respect of a certificated Note (including principal, premium and interest) by mailing a check to the registered address of each Holder thereof; provided, however, that payments on a
certificated Note will be made by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such
effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion). 
  

	3.	Paying Agent and Registrar 

 Initially, Wilmington Trust FSB (the “Trustee”), will act as Paying Agent and Registrar. The Issuers may appoint and change any Paying Agent, Registrar or co-registrar without notice. Holdings or any of its domestically
incorporated Wholly Owned Subsidiaries may act as Paying Agent, Registrar or co-registrar. 

	4.	Indenture 

 The Issuers
issued the Notes under an Indenture dated as of January 29, 2010 (the “Indenture”), among the Issuers, the Guarantors and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture
by reference to the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) (the “Act”). Terms defined in the Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The Notes are subject
to all such terms, and Noteholders are referred to the Indenture and the Act for a statement of those terms. 
 The Notes
consist of: 8.875% Senior Secured Notes Due 2018, including any Additional Notes that may be issued after the Issue Date. The Indenture contains covenants that, among other things, limit the ability of Holdings and its Restricted Subsidiaries to
incur additional indebtedness; pay dividends or distributions on, or redeem or repurchase capital stock; make investments; engage in transactions with affiliates; create liens on assets to secure indebtedness; transfer or sell assets; guarantee
indebtedness; restrict dividends or other payments of subsidiaries; consolidate, merge or transfer all or substantially all of its assets; and engage in sale/leaseback transactions. These covenants are subject to important exceptions and
qualifications contained in the Indenture. 
  

	5.	Optional Redemption 

 Except as set forth below, the Issuers shall not be entitled to redeem the Notes. 
 On and after February 1,
2014, the Issuers shall be entitled at their option on one or more occasions to redeem all or a portion of the Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed in percentages of principal
amount on the redemption date), plus accrued and unpaid interest and additional interest, if any, to the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment
date), if redeemed during the 12-month period commencing on February 1st of the years set forth below: 
  

				
	 Period
	  	Redemption
Price	 
	 2014
	  	104.438	% 
	 2015
	  	102.958	% 
	 2016
	  	101.479	% 
	 2017 and thereafter
	  	100.000	% 

  

 2 

 In addition, prior to February 1, 2014 the Issuers may redeem the Notes at their
option, in whole at any time or in part from time to time, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail to each Holder’s registered address, at a redemption price equal to 100% of the principal
amount of the Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest and additional interest, if any, to the applicable redemption date (subject to the right of holders of record on the relevant record date to receive
interest due on the relevant interest payment date). 
 Notwithstanding the foregoing, prior to February 1, 2013, the
Issuers shall be entitled at their option on one or more occasions to redeem upon not less than 30 nor more than 60 days’ notice, Notes (which includes Additional Notes) in an aggregate principal amount not to exceed 35% of the original
aggregate principal amount of the Notes (which includes Additional Notes) originally issued at a redemption price of 108.875% of the principal amount thereof, plus accrued and unpaid interest to the redemption date (subject to the right of Holders
of record on the relevant record date to receive interest due on the relevant interest payment date), with the net cash proceeds from one or more Equity Offerings; provided, however, that (1) at least 65% of such aggregate
principal amount of Notes (which includes Additional Notes) remains outstanding immediately after the occurrence of each such redemption; and (2) each such redemption occurs within 90 days after the consummation of the related Equity
Offering. 
 Notwithstanding the foregoing, the Issuers may at any time and from time to time purchase Notes in the open market
or otherwise. 
 Notice of any redemption upon any Equity Offering may be given prior to the completion thereof, and any such
redemption or notice may, at Holding’s discretion, be subject to one or more conditions precedent, including, but not limited to, completion of the related Equity Offering. 
 Redemption for Changes in Withholding Taxes. 
 The Issuers may redeem all
the Notes at their option, at any time as a whole but not in part, upon not less than 30 nor more than 60 days’ notice, at 100% of the principal amount thereof, plus accrued and unpaid interest (if any) to the date of redemption (subject
to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date), in the event the Issuers have become or would become obligated to pay, on the next date on which any amount would be
payable with respect to such Notes, any Additional Amounts with respect to the Notes as a result of: 
 (1) a
change in or an amendment to the laws (including any regulations promulgated thereunder) of Canada (or any political subdivision or taxing authority thereof or therein); or 
 (2) any change in or amendment to any official position regarding the application or interpretation of such laws or
regulations, 
 which change or amendment is announced or becomes effective on or after the Issue Date and the Issuers cannot avoid such
obligation by taking reasonable measures available to the Issuers. 
  

 3 

 Prior to publishing or mailing notice of redemption of any Notes as described above, the
Issuers shall deliver to the Trustee an Officers’ Certificate to the effect that the Issuers cannot avoid their obligation to pay Additional Amounts with respect to such Notes by taking reasonable measures available to the Issuers. The Issuers
shall also deliver an opinion of independent legal counsel of recognized standing stating that the Issuers would be obligated to pay Additional Amounts with respect to the Notes as a result of a change in tax laws or regulations or the application
or interpretation of such laws or regulations. 
  

	6.	Notice of Redemption 

 Notice of redemption will be mailed by first-class mail at least 30 days but not more than 60 days before the redemption date to each Holder of Notes to be redeemed at his registered address. Notes in denominations larger than $1,000
principal amount may be redeemed in part but only in whole multiples of $1,000. If money sufficient to pay the redemption price of and accrued interest on all Notes (or portions thereof) to be redeemed on the redemption date is deposited with the
Paying Agent on or before the redemption date and certain other conditions are satisfied, on and after such date interest ceases to accrue on the Notes (or such portions thereof) called for redemption. 
  

	7.	Put Provisions 

 The
occurrence of any Change of Control will constitute an Event of Default under the Indenture unless the Issuers (i)(A) make an offer within 30 days following such Change of Control to all holders of the Notes to purchase all the Notes properly
tendered (a “Change of Control Offer”) at a purchase price (the “Change of Control Purchase Price”) equal to 101% of the principal amount thereof, plus accrued and unpaid interest (if any) to the date of repurchase (subject to
the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); and (B) purchase all the Notes properly tendered in accordance with the Change of Control Offer or (ii) exercise
their right, within 30 days following such Change of Control, to redeem all the Notes as described under Paragraph 5 of this Note. 
  

	8.	Guarantee 

 The payment by
the Issuers of the principal of, and premium and interest on, the Notes is fully and unconditionally guaranteed on a joint and several basis by each of the Guarantors to the extent set forth in the Indenture. 
  

	9.	Security 

 The Notes will
be secured by the Collateral (following the Issuers’ Assumption) on the terms and subject to the conditions set forth in the Indenture and the Security Documents, such security interest to be secured by a lien in the Collateral that is junior
in priority to liens securing First-Priority Lien Obligations and senior in priority to liens securing Junior Lien Obligations. The Trustee and the Collateral Agent, as the case may be, hold the Collateral in trust for the benefit of the Trustee and
the Holders, in each case pursuant to the Security Documents, the New Intercreditor Agreement and the Existing Intercreditor Agreement. Each Holder, by accepting this Note, consents and agrees to the terms of the Security Documents (including the
provisions providing for the foreclosure and release of Collateral), the New

  

 4 

 
Intercreditor Agreement and the Existing Intercreditor Agreement as the same may be in effect or may be amended from time to time in accordance with their terms and the Indenture and authorizes
and directs the Collateral Agent to enter into the Security Documents, the New Intercreditor Agreement and the Existing Intercreditor Agreement, and to perform its obligations and exercise its rights thereunder in accordance therewith. 

 

	10.	Denominations; Transfer; Exchange 

 The Notes are in registered form without coupons in denominations of $2,000 principal amount and integral whole multiples of $1,000, provided that Notes may be issued in denominations of less than $1,000 solely to accommodate book-entry
positions that have been created by DTC in denominations of less than $1,000. A Holder may transfer or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements or
transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not register the transfer of or exchange any Notes selected for redemption (except, in the case of a Note to be redeemed in part, the
portion of the Note not to be redeemed) or any Notes for a period of 15 days before a selection of Notes to be redeemed or 15 days before an interest payment date. 
  

	11.	Persons Deemed Owners 

 The registered Holder of this Note may be treated as the owner of it for all purposes. 
  

	12.	Unclaimed Money 

 If money
for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the Issuers at their request unless an abandoned property law designates another Person. After any such payment,
Holders entitled to the money must look only to the Issuers and not to the Trustee for payment. 
  

	13.	Discharge and Defeasance 

 Subject to certain conditions set forth in the Indenture, the Issuers at any time shall be entitled to terminate some or all of their and the Guarantors’ obligations under the Notes and the Indenture if the Issuers deposit with the
Trustee money or, in certain cases, U.S. Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be. 
  

	14.	Amendment, Waiver 

 Subject to certain exceptions set forth in the Indenture, (a) the Indenture, the Security Documents, the New Intercreditor Agreement, the Existing Intercreditor Agreement and the Notes may be amended with the written consent of the
Holders of at least a majority in principal amount outstanding of the Notes voting as a single class (which consents may be obtained in connection with a tender offer or exchange offer for the Notes) and (b) any default or noncompliance with
any provision may be waived with the written consent of the Holders of a majority in principal amount outstanding of the Notes voting as a single class (which consents

  

 5 

 
may be obtained in connection with a tender offer or exchange offer for the Notes). Subject to certain exceptions set forth in the Indenture, without the consent of any Noteholder, the Issuers,
the Guarantors and the Trustee shall be entitled to amend the Indenture, the Security Documents, the New Intercreditor Agreement, the Existing Intercreditor Agreement or the Notes to cure any ambiguity, omission, defect, mistake or inconsistency, or
to comply with Article 5 of the Indenture, or to provide for uncertificated Notes in addition to or in place of certificated Notes, or to add guarantees with respect to the Notes, including Guarantees, or to secure the Notes, or to add
additional assets as Collateral, or to release Collateral when permitted or required under the Indenture or the Security Documents, or to add additional covenants or surrender rights and powers conferred on the Issuers or the Guarantors, or to
comply with any requirement of the SEC in connection with qualifying the Indenture under the Act, to make certain changes to the Indenture to provide for the issuance of Additional Notes or to make any change that does not adversely affect the
rights of any Noteholder, to conform the text of the Indenture, the Notes, the Security Documents, the New Intercreditor Agreement or the Existing Intercreditor Agreement, to any provision of the “Description of Notes” in the Offering
Circular to the extent that such provision in the “Description of Notes” was intended by the Issuers to be a verbatim recitation of a provision of the Indenture, the Notes, the Security Documents, the New Intercreditor Agreement or the
Existing Intercreditor Agreement, or to make amendments to provisions of the Indenture relating to the transfer and legending of the Notes. 
  

	15.	Defaults and Remedies 

 Under the Indenture, Events of Default include (a) default for 30 days in payment of interest on the Notes; (b) default in payment of principal on the Notes at maturity, upon redemption pursuant to Paragraph 5 of the
Notes, upon acceleration or otherwise, or the failure by the Issuers to redeem or purchase Notes when required; (c) failure by the Issuers or certain Subsidiaries to comply with other agreements in the Indenture or the Notes, in certain cases
subject to notice and lapse of time; (d) certain accelerations (including failure to pay within any grace period after final maturity) of other Indebtedness of the Issuers if the amount accelerated (or so unpaid) exceeds $20.0 million;
(e) certain events of bankruptcy or insolvency with respect to the Issuers, the Guarantors and the Significant Subsidiaries; (f) certain judgments or decrees for the payment of money in excess of $20.0 million; (g) certain
defaults with respect to Guarantees; and (h) certain defaults relating to the Collateral under the Security Documents. If an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the Notes
(or, in certain cases of a series of Notes) may declare all such Notes to be due and payable immediately, subject to certain conditions set forth in the Indenture. Certain events of bankruptcy or insolvency are Events of Default which will result in
the Notes being due and payable immediately upon the occurrence of such Events of Default. 
 Noteholders may not enforce the
Indenture or the Notes except as provided in the Indenture. The Trustee may refuse to enforce the Indenture or the Notes unless it receives indemnity or security reasonably satisfactory to it. Subject to certain limitations, Holders of a majority in
principal amount of the Notes may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Noteholders notice of any continuing Default (except a Default in payment of principal or interest) if it determines that
withholding notice is in the interest of the Holders. 
  

 6 

	16.	Trustee Dealings with the Issuers 

 Subject to certain limitations imposed by the Act, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the
Issuers or its Affiliates and may otherwise deal with the Issuers or its Affiliates with the same rights it would have if it were not Trustee. 
  

	17.	No Recourse Against Others 

 A director, officer, employee or stockholder, as such, of the Issuers or the Trustee shall not have any liability for any obligations of the Issuers under the Notes or the Indenture or for any claim based on, in respect of or by reason of
such obligations or their creation; provided, however, the foregoing will not affect or limit any liability of any Guarantor under the Indenture or its Guarantee. By accepting a Note, each Noteholder waives and releases all such
liability. The waiver and release are part of the consideration for the issue of the Notes. 
  

	18.	Authentication 

 This Note
shall not be valid until an authorized signatory of the Trustee (or an authenticating agent) manually signs the certificate of authentication on the other side of this Note. 
  

	19.	Abbreviations 

 Customary
abbreviations may be used in the name of a Noteholder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian),
and U/G/M/A (=Uniform Gift to Minors Act). 
  

	20.	CUSIP Numbers 

 Pursuant
to a recommendation promulgated by the Committee on Uniform Security Identification Procedures the Issuers have caused CUSIP numbers to be printed on the Notes and has directed the Trustee to use CUSIP numbers in notices of redemption as a
convenience to Noteholders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon.

  

	21.	Holders’ Compliance with Registration Rights Agreement 

 Each Holder of a Note, by acceptance hereof, acknowledges and agrees to the provisions of the Registration Rights Agreement, including the obligations of the Holders with respect to a registration and the
indemnification of the Issuers to the extent provided therein. 
  

	22.	Governing Law 

  

 7 

 THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN 
 ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 The Issuers will furnish to any Noteholder upon written request and without charge to the Noteholder a copy of the Indenture which has in it the text of this Note in larger type. Requests may be made to:

 Hexion Specialty Chemicals, Inc. 
 180 East Broad St. 
 Columbus, OH 43215 
 Attention: General Counsel 
 (614) 225-4000 
  

 8 

  
 ASSIGNMENT FORM 
 To assign this Note, fill in the form below: 
 I or we assign and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 
 (Insert assignee’s soc. sec. or tax I.D. No.)

 and irrevocably
appoint                      agent to transfer this Note on the books of the Issuers. The agent may substitute another to act for him.

  
  
  

			
	 Date: _______________
	  	Your Signature: ___________________________________
		
	 	  	 

 Sign exactly as your name appears on the other side of this Note. 
 In connection with any transfer of any of the Notes evidenced by this certificate occurring prior to the expiration of the period referred to in
Rule 144(b) under the Securities Act after the later of the date of original issuance of such Notes and the last date, if any, on which such Notes were owned by the Issuers or any Affiliate of the Issuers, the undersigned confirms that such
Notes are being transferred in accordance with its terms: 
 CHECK ONE BOX BELOW 
 to the Issuers; or 
  

	 	(1)	pursuant to an effective registration statement under the Securities Act of 1933; or 

  

	 	(2)	inside the United States to a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933) that purchases for its own
account or for the account of a qualified institutional buyer to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the Securities Act of 1933; or

  

	 	(3)	outside the United States in an offshore transaction within the meaning of Regulation S under the Securities Act in compliance with Rule 904 under the Securities
Act of 1933; or 

  

	 	(4)	pursuant to the exemption from registration provided by Rule 144 under the Securities Act of 1933; or 

	 	(5)	to an institutional “accredited investor” (as defined in Rule 501(a)(1),(2),(3) or (7) under the Securities Act of 1933) that has furnished to the
Trustee a signed letter containing certain representations and agreements. 

 Unless one of the boxes is checked,
the Trustee will refuse to register any of the Notes evidenced by this certificate in the name of any person other than the registered holder thereof; provided, however, that if box (3), (4) or (5) is checked, the Trustee
shall be entitled to require, prior to registering any such transfer of the Notes, such legal opinions, certifications and other information as the Issuers has reasonably requested to confirm that such transfer is being made pursuant to an exemption
from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933, such as the exemption provided by Rule 144 under such Act. 
  

	
	  
	Signature
	
	Signature Guarantee:

  

					
	  	 		 	  
	Signature must be guaranteed	 		 	Signature

 Signatures must be guaranteed by an “eligible guarantor institution”
meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the
Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

	
	
	  
	

  

 2 

 TO BE COMPLETED BY PURCHASER IF (2) ABOVE IS CHECKED. 
 The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, and is aware that the sale to it is being made in reliance on
Rule 144A and acknowledges that it has received such information regarding the Issuers as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is
relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

									
	Dated:	 	_______________________	 		 	 	 	 
		 		 		 	Notice:    	 	 To be executed by
 an
executive officer

  

 3 

 [TO BE ATTACHED TO GLOBAL NOTES] 
 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The
initial principal amount of this Global Note is $[    ]. The following increases or decreases in this Global Note have been made: 
  

									
	 Date of Exchange
	 	Amount of decrease in
Principal amount of this
Global Note	 	Amount of increase in
Principal amount of this
Global Note	 	Principal amount of this
Global Note
following
such decrease or increase	 	Signature of authorized
officer of Trustee or
Notes Custodian
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

 4 

 OPTION OF HOLDER TO ELECT PURCHASE 
 If you want to elect to have this Note purchased by the Issuers pursuant to Section 4.06 or 4.08 of the Indenture, check the box:

  ̈ 
 If you want to elect to have only part of this Note purchased by the Issuers pursuant to Section 4.06 or 4.08 of the Indenture, state
the amount in principal amount: $________________ 
  

									
	Dated:	 	_______________________	 		 	Your Signature:	 	 
		 		 		 		 	(Sign exactly as your name appears on the other side of this Note.)

  

	
	 Signature Guarantee:                                   
                                         
                                         
                                         
                                         
                 

	(Signature must be guaranteed)

 Signatures must be guaranteed by an “eligible guarantor institution”
meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the
Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 
  

 5 

 EXHIBIT A 
 FORM OF FACE OF EXCHANGE NOTE 
 OR PRIVATE EXCHANGE
NOTE*/**/ 
  
  

	*/	If the Note is to be issued in global form add the Global Notes Legend from Exhibit 1 to Appendix A and the attachment from such Exhibit 1 captioned “[TO BE
ATTACHED TO GLOBAL NOTES] - SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE”. 

	**/	If the Note is a Private Exchange Note issued in a Private Exchange to an Initial Purchaser holding an unsold portion of its initial allotment, add the Restricted Notes
Legend from Exhibit 1 to Appendix A and replace the Assignment Form included in this Exhibit A with the Assignment Form included in such Exhibit 1. 

 HEXION U.S. FINANCE CORP. 
 HEXION NOVA SCOTIA FINANCE, ULC 
 8.875% Senior Secured Notes
due 2018 
 CUSIP No. [            ] 
 ISIN No. [            ] 
 No. [    ] 
 HEXION U.S. FINANCE CORP., a Delaware corporation, and HEXION NOVA SCOTIA FINANCE, ULC, a Nova Scotia unlimited liability company, and, jointly and severally, promise to pay to [    ], or its registered assigns, the
principal sum set forth on the Schedule of Increases or Decreases in Global Note attached hereto on February 1, 2018. 
 Interest Payment Dates: February 1 and August 1 
 Record Dates: January 15 and July 15 

Additional provisions of this Note are set forth on the other side of this Note. 
 Dated: [                    ] 
 [SIGNATURE PAGE FOLLOWS] 
  

 2 

 IN WITNESS WHEREOF, the Issuers have caused this instrument to be duly executed. 

Dated: 
  

							
	HEXION U.S. FINANCE CORP.
			
		 	by 	 	 
		 		 	Name:	 	
		 		 	Title:	 	
	
	HEXION NOVA SCOTIA FINANCE, ULC
			
		 	by 	 	 
		 		 	Name:	 	
		 		 	Title:	 	

  

 3 

					
	 TRUSTEE’S CERTIFICATE OF
     AUTHENTICATION

	
	WILMINGTON TRUST FSB
		
		 	 as Trustee, certifies that this is one of the
     Notes referred to in the Indenture.

			
		 	by	 	 
		 		 	Authorized Signatory
			
	Dated:	 	 	 	 

  

 4 

 [FORM OF REVERSE SIDE OF EXCHANGE NOTE] 
 8.875% Senior Secured Notes Due 2018 
  

	1.	Interest 

 Hexion U.S. Finance Corp., a Delaware corporation, and Hexion Nova Scotia Finance, ULC, a Nova Scotia unlimited liability company, and (such Persons, and their successors and assigns under the Indenture hereinafter referred to, being herein
called the “Issuers”), jointly and severally, promise to pay interest on the principal amount of this Note at a rate per annum of 8.875%[; provided, however, that if a Registration Default (as defined in the Registration
Rights Agreement) occurs, additional interest will accrue on this Note at a rate of 0.25% per annum (increasing by an additional 0.25% per annum after each consecutive 90-day period that occurs after the date on which such Registration
Default occurs up to a maximum additional interest rate of 1.00%) from and including the date on which any such Registration Default shall occur to but excluding the earlier of (x) the date on which all Registration Defaults have been cured and
(y) the date which is two years from the Issue Date.]1
The Issuers will pay interest semiannually in arrears to the holders of record of the Notes on February 1 and August 1 of each year, commencing August 1, 2010. Interest on
the Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the Issue Date. Interest will be computed on the basis of a 360-day year of twelve 30-day months. The Issuers will pay interest on
overdue principal at the rate borne by this Note plus 1.0% per annum, and it will pay interest on overdue installments of interest at the same rate to the extent lawful. 
  

	2.	Method of Payment 

 The
Issuers will pay interest on the Notes (except defaulted interest) to the Persons who are registered holders of Notes at the close of business on the January 15 or July 15 next preceding the interest payment date even if Notes are canceled
after the record date and on or before the interest payment date. Holders must surrender Notes to a Paying Agent to collect principal payments. The Issuers will pay principal and interest in money of the United States that at the time of payment is
legal tender for payment of public and private debts. Payments in respect of the Notes represented by a Global Note (including principal, premium and interest) will be made by wire transfer of immediately available funds to the accounts specified by
the Depository. The Issuers will make all payments in respect of a certificated Note (including principal, premium and interest) by mailing a check to the registered address of each Holder thereof; provided, however, that payments on a
certificated Note will be made by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such
effect designating such account no later than 30 days immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion). 
  
  

	1	 Insert if at the date of issuance of the Exchange Note any Registration Default has occurred with respect to the related Initial Notes during the
interest period in which such date of issuance occurs. 

	3.	Paying Agent and Registrar 

 Initially, Wilmington Trust FSB (the “Trustee”), will act as Paying Agent and Registrar. The Issuers may appoint and change any Paying Agent, Registrar or co-registrar without notice. Holdings or any of its domestically
incorporated Wholly Owned Subsidiaries may act as Paying Agent, Registrar or co-registrar. 
  

	4.	Indenture 

 The Issuers
assumed the Notes under an Indenture dated as of January 29, 2010 (the “Indenture”), among Hexion Escrow Finance LLC, Hexion Escrow Corporation, the Trustee and the other Guarantors who became parties thereto pursuant to a
supplemental indenture. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. §§ 77aaa-77bbbb) (the “Act”). Terms
defined in the Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The Notes are subject to all such terms, and Noteholders are referred to the Indenture and the Act for a statement of those terms. 
 The Notes consist of: 8.875% Senior Secured Notes Due 2018, including any Additional Notes that may be issued after the Issue Date. The
Indenture contains covenants that, among other things, limit the ability of Holdings and its Restricted Subsidiaries to incur additional indebtedness; pay dividends or distributions on, or redeem or repurchase capital stock; make investments; engage
in transactions with affiliates; create liens on assets to secure indebtedness; transfer or sell assets; guarantee indebtedness; restrict dividends or other payments of subsidiaries; consolidate, merge or transfer all or substantially all of its
assets; and engage in sale/leaseback transactions. These covenants are subject to important exceptions and qualifications contained in the Indenture. 
  

	5.	Optional Redemption 

 Except as set forth below, the Issuers shall not be entitled to redeem the Notes. 
  

 2 

 On and after February 1, 2014, the Issuers shall be entitled at their option on one or
more occasions to redeem all or a portion of the Notes upon not less than 30 nor more than 60 days’ notice, at the redemption prices (expressed in percentages of principal amount on the redemption date), plus accrued and unpaid
interest and additional interest, if any, to the redemption date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the 12-month period commencing
on February 1st of the years set forth below: 
  

				
	 Period
	  	Redemption
Price	 
	 2014
	  	104.438	% 
	 2015
	  	102.958	% 
	 2016
	  	101.479	% 
	 2017 and thereafter
	  	100.000	% 

 In addition, prior to February 1, 2014, the Issuers may redeem the Notes at
their option, in whole at any time or in part from time to time, upon not less than 30 nor more than 60 days’ prior notice mailed by first-class mail to each Holder’s registered address, at a redemption price equal to 100% of the principal
amount of the Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest and additional interest, if any, to the applicable redemption date (subject to the right of holders of record on the relevant record date to receive
interest due on the relevant interest payment date). 
 Notwithstanding the foregoing, prior to February 1, 2013, the
Issuers shall upon not less than 30 nor more than 60 days’ notice be entitled at their option on one or more occasions to redeem Notes (which includes Additional Notes) in an aggregate principal amount not to exceed 35% of the original
aggregate principal amount of the Notes (which includes Additional Notes) originally issued at a redemption price of 108.875% of the principal amount thereof, plus accrued and unpaid interest to the redemption date (subject to the right of Holders
of record on the relevant record date to receive interest due on the relevant interest payment date), with the net cash proceeds from one or more Equity Offerings; provided, however, that (1) at least 65% of such aggregate
principal amount of Notes (which includes Additional Notes) remains outstanding immediately after the occurrence of each such redemption; and (2) each such redemption occurs within 90 days after the consummation of the related Equity
Offering. 
 Notwithstanding the foregoing, the Issuers may at any time and from time to time purchase Notes in the open market
or otherwise. 
 Notice of any redemption upon any Equity Offering may be given prior to the completion thereof, and any such
redemption or notice may, at Holding’s discretion, be subject to one or more conditions precedent, including, but not limited to, completion of the related Equity Offering. 
  

 3 

 Redemption for Changes in Withholding Taxes. 
 The Issuers may redeem all the Notes, at their option, at any time as a whole but not in part, upon not less than 30 nor more than
60 days’ notice, at 100% of the principal amount thereof, plus accrued and unpaid interest (if any) to the date of redemption (subject to the right of holders of record on the relevant record date to receive interest due on the relevant
interest payment date), in the event the Issuers have become or would become obligated to pay, on the next date on which any amount would be payable with respect to such Notes, any Additional Amounts with respect to the Notes as a result of:

 (1) a change in or an amendment to the laws (including any regulations promulgated thereunder) of Canada (or
any political subdivision or taxing authority thereof or therein); or 
 (2) any change in or amendment to any
official position regarding the application or interpretation of such laws or regulations, 
 which change or amendment is announced or becomes
effective on or after the Issue Date and the Issuers cannot avoid such obligation by taking reasonable measures available to the Issuers. 
 Prior to publishing or mailing notice of redemption of any Notes as described above, the Issuers shall deliver to the Trustee an Officers’ Certificate to the effect that the Issuers cannot avoid
their obligation to pay Additional Amounts with respect to such Notes by taking reasonable measures available to the Issuers. The Issuers shall also deliver an opinion of independent legal counsel of recognized standing stating that the Issuers
would be obligated to pay Additional Amounts with respect to the Notes as a result of a change in tax laws or regulations or the application or interpretation of such laws or regulations. 
  

	6.	Notice of Redemption 

 Notice of redemption will be mailed by first-class mail at least 30 days but not more than 60 days before the redemption date to each Holder of Notes to be redeemed at his registered address. Notes in denominations larger than $1,000
principal amount may be redeemed in part but only in whole multiples of $1,000. If money sufficient to pay the redemption price of and accrued interest on all Notes (or portions thereof) to be redeemed on the redemption date is deposited with the
Paying Agent on or before the redemption date and certain other conditions are satisfied, on and after such date interest ceases to accrue on the Notes (or such portions thereof) called for redemption. 
  

	7.	Put Provisions 

 The
occurrence of any Change of Control will constitute an Event of Default under the Indenture unless the Issuers (i)(A) make an offer within 30 days following such Change of Control to all holders of the Notes to purchase all the Notes properly
tendered (a “Change of Control Offer”) at a purchase price (the “Change of Control Purchase Price”) equal to 101% of the principal amount thereof, plus accrued and unpaid interest (if any) to the date of repurchase (subject to
the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date); and (B) purchase all the Notes properly tendered in accordance with the Change of Control Offer or (ii) exercise
their right, within 30 days following such Change of Control, to redeem all the Notes as described under Paragraph 5 of this Note. 
  

 4 

	8.	Guarantee 

 The payment by
the Issuers of the principal of, and premium and interest on, the Notes is fully and unconditionally guaranteed on a joint and several basis by each of the Guarantors to the extent set forth in the Indenture. 
  

	9.	Security 

 The Notes will
be secured by the Collateral on the terms and subject to the conditions set forth in the Indenture and the Security Documents, such security interest to be secured by a lien in the Collateral that is junior in priority to liens securing
First-Priority Lien Obligations and senior in priority to liens securing Junior Lien Obligations. The Trustee and the Collateral Agent, as the case may be, hold the Collateral in trust for the benefit of the Trustee and the Holders, in each case
pursuant to the Security Documents, the New Intercreditor Agreement and the Existing Intercreditor Agreement. Each Holder, by accepting this Note, consents and agrees to the terms of the Security Documents (including the provisions providing for the
foreclosure and release of Collateral), the New Intercreditor Agreement and the Existing Intercreditor Agreement as the same may be in effect or may be amended from time to time in accordance with their terms and the Indenture and authorizes and
directs the Collateral Agent to enter into the Security Documents, the New Intercreditor Agreement and the Existing Intercreditor Agreement, and to perform its obligations and exercise its rights thereunder in accordance therewith. 
  

	10.	Denominations; Transfer; Exchange 

 The Notes are in registered form without coupons in denominations of $2,000 principal amount and integral whole multiples of $1,000, provided that Notes may be issued in denominations of less that $1,000 solely to accommodate book-entry
positions that have been created by DTC in denominations of less than $1,000. A Holder may transfer or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements or
transfer documents and to pay any taxes and fees required by law or permitted by the Indenture. The Registrar need not register the transfer of or exchange any Notes selected for redemption (except, in the case of a Note to be redeemed in part, the
portion of the Note not to be redeemed) or any Notes for a period of 15 days before a selection of Notes to be redeemed or 15 days before an interest payment date. 
  

	11.	Persons Deemed Owners 

 The registered Holder of this Note may be treated as the owner of it for all purposes. 
  

	12.	Unclaimed Money 

 If money
for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the Issuers at their request unless an abandoned property law designates another Person. After any such payment,
Holders entitled to the money must look only to the Issuers and not to the Trustee for payment. 
  

 5 

	13.	Discharge and Defeasance 

 Subject to certain conditions set forth in the Indenture, the Issuers at any time shall be entitled to terminate some or all of their and the Guarantors’ obligations under the Notes and the Indenture if the Issuers deposit with the
Trustee money or, in certain cases, U.S. Government Obligations for the payment of principal and interest on the Notes to redemption or maturity, as the case may be. 
  

	14.	Amendment, Waiver 

 Subject to certain exceptions set forth in the Indenture, (a) the Indenture, the Security Documents, the New Intercreditor Agreement, the Existing Intercreditor Agreement and the Notes may be amended with the written consent of the
Holders of at least a majority in principal amount outstanding of the Notes voting as a single class (which consents may be obtained in connection with a tender offer or exchange offer for the Notes) and (b) any default or noncompliance with
any provision may be waived with the written consent of the Holders of a majority in principal amount outstanding of the Notes voting as a single class (which consents may be obtained in connection with a tender offer or exchange offer for the
Notes). Subject to certain exceptions set forth in the Indenture, without the consent of any Noteholder, the Issuers, the Guarantors and the Trustee shall be entitled to amend the Indenture, the Security Documents, the New Intercreditor Agreement,
the Existing Intercreditor Agreement or the Notes to cure any ambiguity, omission, defect, mistake or inconsistency, or to comply with Article 5 of the Indenture, or to provide for uncertificated Notes in addition to or in place of certificated
Notes, or to add guarantees with respect to the Notes, including Guarantees, or to secure the Notes, or to add additional assets as Collateral, or to release Collateral when permitted or required under the Indenture or the Security Documents, or to
add additional covenants or surrender rights and powers conferred on the Issuers or the Guarantors, or to comply with any requirement of the SEC in connection with qualifying the Indenture under the Act, to make certain changes to the Indenture to
provide for the issuance of Additional Notes or to make any change that does not adversely affect the rights of any Noteholder, to conform the text of the Indenture, the Notes, the Security Documents, the New Intercreditor Agreement or the Existing
Intercreditor Agreement, to any provision of the “Description of Notes” in the Offering Circular to the extent that such provision in the “Description of Notes” was intended by the Issuers to be a verbatim recitation of a
provision of the Indenture, the Notes, the Security Documents, the New Intercreditor Agreement or the Existing Intercreditor Agreement, or to make amendments to provisions of the Indenture relating to the transfer and legending of the Notes.

  

	15.	Defaults and Remedies 

 Under the Indenture, Events of Default include (a) default for 30 days in payment of interest on the Notes; (b) default in payment of principal on the Notes at maturity, upon redemption pursuant to Paragraph 5 of the
Notes, upon acceleration or otherwise, or the failure by the Issuers to redeem or purchase Notes when required; (c) failure by the Issuers or certain Subsidiaries to comply with other agreements in the Indenture or the Notes, in certain cases
subject to notice and lapse of time; (d) certain accelerations (including failure to pay within any grace period after final maturity) of other Indebtedness of the Issuers if the amount accelerated (or so unpaid) exceeds $20.0 million;
(e) certain events of bankruptcy or insolvency with respect

  

 6 

 
to the Issuers, the Guarantors and the Significant Subsidiaries; (f) certain judgments or decrees for the payment of money in excess of $20.0 million; (g) certain defaults with
respect to Guarantees; and (h) certain defaults relating to the Collateral under the Security Documents. If an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the Notes (or, in
certain cases of a series of Notes) may declare all such Notes to be due and payable immediately, subject to certain conditions set forth in the Indenture. Certain events of bankruptcy or insolvency are Events of Default which will result in the
Notes being due and payable immediately upon the occurrence of such Events of Default. 
 Noteholders may not enforce the
Indenture or the Notes except as provided in the Indenture. The Trustee may refuse to enforce the Indenture or the Notes unless it receives indemnity or security reasonably satisfactory to it. Subject to certain limitations, Holders of a majority in
principal amount of the Notes may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Noteholders notice of any continuing Default (except a Default in payment of principal or interest) if it determines that
withholding notice is in the interest of the Holders. 
  

	16.	Trustee Dealings with the Issuers 

 Subject to certain limitations imposed by the Act, the Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the
Issuers or its Affiliates and may otherwise deal with the Issuers or its Affiliates with the same rights it would have if it were not Trustee. 
  

	17.	No Recourse Against Others 

 A director, officer, employee or stockholder, as such, of the Issuers or the Trustee shall not have any liability for any obligations of the Issuers under the Notes or the Indenture or for any claim based on, in respect of or by reason of
such obligations or their creation; provided, however, the foregoing will not affect or limit any liability of any Guarantor under the Indenture or its Guarantee. By accepting a Note, each Noteholder waives and releases all such
liability. The waiver and release are part of the consideration for the issue of the Notes. 
  

	18.	Authentication 

 This Note
shall not be valid until an authorized signatory of the Trustee (or an authenticating agent) manually signs the certificate of authentication on the other side of this Note. 
  

	19.	Abbreviations 

 Customary
abbreviations may be used in the name of a Noteholder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the entireties), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian),
and U/G/M/A (=Uniform Gift to Minors Act). 
  

 7 

	20.	CUSIP Numbers 

 Pursuant
to a recommendation promulgated by the Committee on Uniform Security Identification Procedures the Issuers have caused CUSIP numbers to be printed on the Notes and has directed the Trustee to use CUSIP numbers in notices of redemption as a
convenience to Noteholders. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon.

  

	[21.	Holders’ Compliance with Registration Rights Agreement 

 Each Holder of a Note, by acceptance hereof, acknowledges and agrees to the provisions of the Registration Rights
Agreement, including the obligations of the Holders with respect to a registration and the indemnification of the Issuers to the extent provided therein.]2 
  

	22.	Governing Law 

 THIS
NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 The Issuers will
furnish to any Noteholder upon written request and without charge to the Noteholder a copy of the Indenture which has in it the text of this Note in larger type. Requests may be made to: 
 Hexion Specialty Chemicals, Inc. 
 180 East Broad St. 
 Columbus, OH 43215 
 Attention: General Counsel 
 (614) 225-4000 
  
  

	2	 Delete if this Note is not being issued in exchange for an Initial Note. 

  

 8 

  
 ASSIGNMENT FORM 
 To assign this Note, fill in the form below: 
 I or we assign and transfer this Note to 
 (Print or type assignee’s name, address and zip code) 
 (Insert assignee’s soc. sec. or tax I.D. No.)

 and irrevocably appoint agent to transfer this Note on the books of the Issuers. The agent may substitute another to act for him.

  
  
  
  

							
	Date:	 	  
	  	Your Signature:	  	  

  
  
  
 Sign exactly as your name appears on the other side
of this Note. 
  

 9 

 [TO BE ATTACHED TO GLOBAL NOTES] 
 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 
 The initial principal
amount of this Global Note is $[        ]. The following increases or decreases in this Global Note have been made: 
  

									
	 Date of Exchange
	  	Amount of decrease in
Principal amount of this
Global Note	  	Amount of increase in
Principal amount of this
Global Note	  	Principal amount of this
Global Note following
such decrease or increase	  	Signature of authorized
officer of Trustee or
Notes Custodian
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  

 10 

 OPTION OF HOLDER TO ELECT PURCHASE 
 If you want to elect to have this Note purchased by the Issuers pursuant to Section 4.06 or 4.08 of the Indenture, check the box:

  ̈ 
 If you want to elect to have only part of this Note purchased by the Issuers pursuant to Section 4.06 or 4.08 of the Indenture, state
the amount in principal amount: $_______________ 
  

							
	Dated:	 	__________________	  	Your Signature:	  	  

		 		  		  	(Sign exactly as your name appears on the other side of this Note.)

  

			
	Signature Guarantee:	 	  

		 	(Signature must be guaranteed)

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the
requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in
addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 
  

 11 

 EXHIBIT 2 to Rule 144A/REGULATION S/IAI APPENDIX 
 Form of 
 Transferee
Letter of Representation 
 Hexion U.S. Finance Corp. and 
 Hexion Nova Scotia Finance, ULC* 
 In care of 
 [            ] 
 [            ] 
 [            ] 
 Ladies and Gentlemen: 
 This certificate is delivered to request a transfer of $[        ] principal amount of the
8.875% Senior Secured Notes due 2018 (the “Notes”) of Hexion U.S. Finance Corp., a Delaware corporation, and Hexion Nova Scotia Finance, ULC, a Nova Scotia unlimited liability company (the “Issuers”).* 
 Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows: 
 Name: ________________________ 
 Address: ______________________ 
 Taxpayer ID Number: ____________ 
 The undersigned represents and warrants to you that: 
 1. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act of 1933, as amended (the “Securities Act”)),
purchasing for our own account or for the account of such an institutional “accredited investor” at least $250,000 principal amount of the Notes, and we are acquiring the Notes not with a view to, or for offer or sale in connection with,
any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of our investment in the Notes, and we invest in or purchase notes
similar to the Notes in the normal course of our business. We, and any accounts for which we are acting, are each able to bear the economic risk of our or its investment. 
 2. We understand that the Notes have not been registered under the Securities Act and, unless so registered, may not be sold except as permitted in the following sentence. We agree on our own behalf and
on behalf of any investor account for which we are purchasing Notes to offer, sell or otherwise transfer such Notes prior to the date that is [one] year after the later of the date of original issue and the last date on which the Issuers or any
affiliate of the 
  
  

	*	As assumed by supplemental indenture from Hexion Finance Escrow LLC and Hexion Escrow Corporation. 

 Issuers was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination
Date”) only (i) to the Issuers, (ii) in the United States to a person whom the seller reasonably believes is a qualified institutional buyer in a transaction meeting the requirements of Rule 144A, (iii) to an institutional
“accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act that is an institutional accredited investor purchasing for its own account or for the account of an institutional
accredited investor, in each case in a minimum principal amount of the Notes of $250,000, (iv) outside the United States in a transaction complying with the provisions of Rule 904 under the Securities Act, (v) pursuant to an exemption from
registration under the Securities Act provided by Rule 144 (if available) or (vi) pursuant to an effective registration statement under the Securities Act, in each of cases (i) through (vi) subject to any requirement of law that the
disposition of our property or the property of such investor account or accounts be at all times within our or their control and in compliance with any applicable state securities laws. The foregoing restrictions on resale will not apply subsequent
to the Resale Restriction Termination Date. If any resale or other transfer of the Notes is proposed to be made pursuant to clause (iii) above prior to the Resale Restriction Termination Date, the transferor shall deliver a letter from the
transferee substantially in the form of this letter to the Issuers and the Trustee, which shall provide, among other things, that the transferee is an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2),
(3) or (7) under the Securities Act and that it is acquiring such Notes for investment purposes and not for distribution in violation of the Securities Act. Each purchaser acknowledges that the Issuers and the Trustee reserve the right
prior to the offer, sale or other transfer prior to the Resale Restriction Termination Date of the Notes pursuant to clause (iii), (iv) or (v) above to require the delivery of an opinion of counsel, certifications or other information
satisfactory to the Issuers and the Trustee. 
  

					
	TRANSFEREE:	 	 	 	,

			
		
	by:	 	 

  

 2 

 APPENDIX B 
 [FORM OF SUPPLEMENTAL INDENTURE TO BE 
 DELIVERED BY ADDITIONAL SUBSIDIARY
GUARANTORS] 
 SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of
[        ] among [        ] (the “Additional Subsidiary Guarantor”), a [        ]
[corporation/limited liability company/other] and a [direct][indirect] subsidiary of Hexion Specialty Chemicals, Inc. (or its permitted successor) (“Holdings”), Hexion U.S. Finance Corp., a Delaware corporation and Hexion Nova Scotia
Finance, ULC, a Nova Scotia unlimited liability company (the “Issuers”), and Wilmington Trust FSB, as Trustee under the Indenture (the “Trustee”). 
 W I T N E S S E T H : 
 WHEREAS the Issuers, Holdings and the Subsidiary
Guarantors have heretofore executed and delivered to the Trustee a Supplemental Indenture, dated as of January 29, 2010 (the “Supplemental Indenture”), to the Indenture (collectively with Supplemental Indenture, the
“Indenture”), dated as of January 29, 2010, providing for the issuance of Notes (the “Notes”); 
 WHEREAS, Section 4.11 and Section 10.06 of the Indenture provide that under certain circumstances Holdings will cause the Additional Subsidiary Guarantor to execute and deliver to the Trustee a guaranty agreement pursuant to which
the Additional Subsidiary Guarantor will Guarantee payment of the Notes on the same terms and conditions as those set forth in Article 10 of the Indenture; and 
 WHEREAS, pursuant to Section 9.01(iv) of the Indenture, the Trustee and the Issuers are authorized to execute and deliver this Supplemental Indenture. 
 NOW THEREFORE, in consideration of the foregoing and for good and valuable consideration, the receipt of which is hereby acknowledged, the
Issuers, the Additional Subsidiary Guarantor and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
 SECTION 1. Capitalized Terms. Capitalized terms used herein but not defined shall have the meanings assigned to them in the Indenture. 
 SECTION 2. Guarantees. The Additional Subsidiary Guarantor hereby agrees, jointly and severally with all other Guarantors, to
guarantee the Issuers’ obligations under the Notes on the terms and subject to the conditions set forth in Article 10 of the Indenture and to be bound by all other applicable provisions of the Indenture (including Article 11). 
 SECTION 3. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is
in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore
or hereafter authenticated and delivered shall be bound hereby. 
 SECTION 4. Governing Law. THIS SUPPLEMENTAL
INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

 SECTION 5. Trustee Makes No Representation. The Trustee makes no representation as to
the validity or sufficiency of this Supplemental Indenture. 
 SECTION 6. Counterparts. The parties may sign any number
of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 SECTION 7. Effect of Headings. The Section headings herein are for convenience only and shall not effect the construction of this Supplemental Indenture. 
  

 2 

 IN WITNESS WHEREOF, the parties have caused this Supplemental Indenture to be duly executed
as of the date first written above. 
  

			
	HEXION U.S. FINANCE CORP.,
		
	by	 	 
		 	Name:
		 	Title:

  

			
	HEXION NOVA SCOTIA FINANCE, ULC,
		
	by	 	 
		 	Name:
		 	Title:

  

			
	HEXION SPECIALTY CHEMICALS, INC.,
		
	by	 	 
		 	Name:
		 	Title:

  

			
	[ADDITIONAL SUBSIDIARY GUARANTOR],
		
	by	 	 
		 	Name:
		 	Title:

  

			
	WILMINGTON TRUST FSB,
		
	by	 	 
		 	Name:
		 	Title:

  

 3 

 APPENDIX C 
 [FORM OF ISSUERS’ ASSUMPTION SUPPLEMENTAL INDENTURE] 
 SUPPLEMENTAL INDENTURE
(this “Supplemental Indenture”) dated as of January 29, 2010, among Hexion U.S. Finance Corp., a Delaware corporation, and Hexion Nova Scotia Finance, ULC, a Nova Scotia unlimited liability company (the “New
Issuers”), Hexion Specialty Chemicals, Inc., a New Jersey corporation (the “New Parent Guarantor”), the Subsidiary Guarantors listed on the signature pages hereto (the “New Subsidiary Guarantors”) and
Wilmington Trust FSB, as trustee under the indenture referred to below (the “Trustee”). 
 W I T N E S S E T H :

 WHEREAS Hexion Finance Escrow LLC, a Delaware limited liability company, and Hexion Escrow Corporation, a Delaware
corporation (together, the “Escrow Issuers”), have heretofore executed and delivered to the Trustee an indenture (as amended, supplemented or otherwise modified, the “Indenture”) dated as of January 29, 2010,
providing for the issuance of the Escrow Issuers’ 8.875% Senior Secured Notes due 2018 (the “Notes”), initially in the aggregate principal amount of $1,000,000,000; 
 WHEREAS Section 14.01 of the Indenture provides that the New Issuers, the New Parent Guarantor and the New Subsidiary Guarantors shall
execute and deliver to the Trustee a supplemental indenture pursuant to which the (i) New Issuers shall unconditionally assume all the Escrow Issuers’ obligations (including Obligations) with respect to the Notes and the Indenture,
(ii) New Parent Guarantor and the New Subsidiary Guarantors shall Guarantee the obligations with respect to the Notes on the terms set forth in Article 10 thereof and (iii) Escrow Issuers’ obligations with respect to the Notes shall
be released on the terms and conditions set forth herein; and 
 WHEREAS pursuant to Section 9.01 of the Indenture, the
Trustee, the New Issuers, the New Parent Guarantor, the New Subsidiary Guarantors and the Escrow Issuers are authorized to execute and deliver this Supplemental Indenture; 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged,
the New Issuers, the New Parent Guarantor, the New Subsidiary Guarantors, the Escrow Issuers and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows: 
 SECTION 1. Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in the preamble or recital hereto
are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole
and not to any particular section hereof. 
 SECTION 2. Agreement to Assume Obligations. The New Issuers hereby agree to
unconditionally assume the Escrow Issuers’ obligations (including Obligations) with respect to the Notes and the Indenture on the terms and subject to the conditions set forth in Article 14 of the Indenture and to be bound by all other
applicable provisions of the Indenture and the Notes and to perform all of the obligations and agreements of the Escrow Issuers under the Indenture. 

 SECTION 3. Agreement to Guarantee. The New Parent Guarantor and the New Subsidiary
Guarantors hereby agree to unconditionally guarantee the New Issuers’ obligations with respect to the Notes on the terms set forth in Article 10 of the Indenture and to be bound by all other provisions of the Indenture and the Notes applicable
to Guarantors. 
 SECTION 4. Notices. All notices or other communications to the New Issuers shall be given as provided
in Section 13.02 of the Indenture. 
 SECTION 5. Ratification of Indenture; Supplemental Indentures Part of
Indenture. Except as expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of
the Indenture for all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 SECTION 6. Release of Obligations of the Escrow Issuers. Upon execution of this Supplemental Indenture by the New Issuers, the New Parent Guarantor, the New Subsidiary Guarantors and the Trustee, the Escrow Issuers are
unconditionally and irrevocably released and discharged from all obligations and liabilities under the Indenture and the Notes. 
 SECTION 7. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. 
 SECTION 8. Trustee Makes No Representation. The Trustee makes no representation as to the validity or sufficiency of this
Supplemental Indenture. 
 SECTION 9. Counterparts. The parties may sign any number of copies of this Supplemental
Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 
 SECTION 10.
Effect of Headings. The Section headings herein are for convenience only and shall not effect the construction thereof. 
 SECTION 11. Covenants. Following the Issuers’ Assumption, the provisions of Article 4 of the Indenture shall be deemed to have been applicable to Holdings and its Restricted Subsidiaries beginning on the Issue Date and, to the
extent that Holdings and its Restricted Subsidiaries took any action or inaction after the Issue Date and prior to the Issuers’ Assumption that is prohibited by the Indenture, the Issuers shall be deemed to be in default on such date.

  

 2 

			
	HEXION U.S. FINANCE CORP.,
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	HEXION NOVA SCOTIA FINANCE, ULC,
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	HEXION SPECIALTY CHEMICALS, INC.,
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	BORDEN CHEMICAL INVESTMENTS, INC.
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	BORDEN CHEMICAL FOUNDRY, LLC,
		
	By:	 	 
		 	Name:
		 	Title:

  

 3 

			
	HSC CAPITAL CORPORATION,
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	LAWTER INTERNATIONAL INC.,
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	BORDEN CHEMICAL INTERNATIONAL, INC.,
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	OILFIELD TECHNOLOGY GROUP, INC.,
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	HEXION CI HOLDING COMPANY (CHINA) LLC,
		
	By:	 	Lawter International Inc., as sole managing member
		
	By:	 	 
		 	Name:
		 	Title:

  

 4 

			
	WILMINGTON TRUST FSB, as Trustee,
		
	By:	 	 
		 	Name:
		 	Title:

  

 5 

			
	Acknowledged by:
	
	HEXION FINANCE ESCROW LLC,
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	HEXION ESCROW CORPORATION,
		
	By:	 	 
		 	Name:
		 	Title:

  

 6

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