Document:

First Amendment and Fourth Amended and Restated Receivables Purchase Agreement

 Exhibit 10.1 
 Execution Version 
 AMENDMENT NO. 1 TO 

FOURTH AMENDED AND RESTATED 
 RECEIVABLES PURCHASE AGREEMENT 
 This AMENDMENT NO. 1 to FOURTH AMENDED AND
RESTATED RECEIVABLES PURCHASE AGREEMENT (this “Amendment”) dated as of May 16, 2012, to the Fourth Amended and Restated Receivables Purchase Agreement, dated as of May 18, 2011 (as amended supplemented or otherwise
modified from time to time prior to the date hereof, the “Agreement”), is made by and among CGSF Funding Corporation (the “Seller”), McKesson Corporation, as initial Servicer (the “Servicer”), the
Conduit Purchasers hereto, the Committed Purchasers party hereto, the Managing Agents party hereto, Bryant Park Funding LLC (the “Departing Conduit Purchaser”), HSBC Bank PLC (the “Departing Committed Purchaser”
and, together with the Departing Conduit Purchaser, the “Departing Purchasers”), HSBC Securities (USA), Inc. (the “Departing Managing Agent”), and JPMorgan Chase Bank, N.A. (“JPMorgan”) (successor
by merger to Bank One, NA (Main Office Chicago)), as Collateral Agent. Capitalized terms used herein but not defined herein shall have the meanings given to such terms in the Agreement. 

PRELIMINARY STATEMENTS: 
 (1) The parties hereto are parties to the Agreement. 
 (2) Each of the Departing
Purchasers and the Departing Managing Agent desires to cease being a party to the Agreement. 
 (3) Subject to the terms set
forth herein, the parties hereto have agreed to amend the Agreement as set forth herein. 
 NOW THEREFORE, in consideration of
the mutual agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 

SECTION 1. Termination of Departing Purchasers and Departing Agent. 

1.1. On the date hereof, the Seller shall remit to the Departing Managing Agent, by wire transfer of immediately available funds to such
account as may be specified by the Departing Managing Agent, in the amount set forth in the final invoice dated as of May 16, 2012 and delivered by the Departing Managing Agent to the Seller on May 14, 2012 (such amount, the
“Termination Amount”) in payment of all accrued and unpaid Obligations owing to the Departing Conduit Purchaser, the Departing Committed Purchaser and the Departing Managing Agent as of the date hereof. 

1.2. Upon receipt of the Termination Amount, each of the Departing Conduit Purchaser, the Departing Committed Purchaser and the Departing
Managing Agent shall relinquish its respective rights and be released from its obligations under the Agreement and cease to be a party thereto (except for those rights and obligations which by the express terms of the Agreement or the other
Transaction Documents would survive the termination thereof). 
 1.3. Each of the Departing Conduit Purchaser, the Departing
Committed Purchaser and the Departing Managing Agent acknowledge and agree that notwithstanding the terms of that certain Tenth Amended and Restated Fee Letter, dated as of May 18, 2011 (the “Existing Fee Letter”), by and

 
among the Borrower, the Departing Managing Agent and the other Managing Agents party thereto, the consent of the Departing Managing Agent shall not be required in order to amend, restate,
supplement or otherwise modify, or waive any provision of or provide any consent under, the Existing Fee Letter. 
 SECTION 2.
Amendments. Effective as of the date hereof and subject to the payment of the Termination Amount and the satisfaction of the conditions precedent set forth in Section 3 hereof, the Agreement is hereby amended as follows: 

2.1. Section 1.2(a) is hereby amended by replacing the phrase “each Managing Agent”, where it appears in the first line
thereof, with the phrase “the Collateral Agent (which shall provide a copy to each Managing Agent)”. 
 2.2.
Section 1.3 is hereby amended by replacing the phrase “each Managing Agent”, where it appears in the first line thereof, with the phrase “the Collateral Agent (which shall provide a copy to each Managing Agent)”. 

2.3. Section 1.4 is hereby amended by replacing the phrase “to the related Managing Agent, for the account of such Purchaser,
at its account and in accordance with its payment instructions set forth on Schedule A to the Fee Letter (as such account and instructions may be amended from time to time by written notice from such Managing Agent to each Seller
Party)”, where it appears beginning in the fifth line thereof, with the phrase “to the Collateral Agent who shall promptly forward such amount to the related Managing Agent, for the account of such Purchaser, at its account and in
accordance with its payment instructions set forth on Schedule A to the Fee Letter (as such account and instructions may be amended from time to time by written notice from such Managing Agent to each Seller Party and the Collateral
Agent)”. 
 2.4. Section 2.1 is hereby amended by replacing the phrase “each Managing Agent”, where it
appears in the second line thereof, with the phrase “the Collateral Agent (which shall promptly forward such amount to the applicable Managing Agent)”. 
 2.5. Section 2.2(b) is hereby amended as follows: 
 (i) by
replacing the phrase “Managing Agents’ respective accounts”, where it appears in the second line thereof, with the phrase “Collateral Agent (which shall promptly forward to the Managing Agents)”; 

(ii) by replacing the phrase “Managing Agents’ respective accounts”, where it appears in the ninth line
thereof, with the phrase “Collateral Agent (which shall promptly forward to the Managing Agents)”; and 
 (iii) by replacing the phrase “Managing Agents’ respective accounts”, where it appears beginning in the fourteenth line thereof, with the phrase “Collateral Agent, which shall promptly
forward to the Managing Agents,”. 
 2.6. Section 2.3 is hereby amended by replacing the phrase “Managing
Agents’ respective accounts”, where it appears in the fourth line thereof, with the phrase “Collateral Agent (which shall promptly forward to the Managing Agents)”. 

2.7. Section 2.6 is hereby amended by replacing the phrase “Managing Agents”, where it appears in the fourth line thereof,
with the phrase “Collateral Agent (which shall promptly forward to the Managing Agents)”. 

  
 2 

 2.8. Section 3.2 is hereby amended by replacing the phrase “each Managing Agent
(for the benefit of the applicable Purchasers)”, where it appears beginning in the first line thereof, with the phrase “Collateral Agent (which shall promptly forward to each Managing Agent, for the benefit of the applicable
Purchasers)”. 
 2.9. The definition of “CP Rate” appearing in Exhibit I to the Agreement is amended and restated
in its entirety as follows: 
 “CP Rate” means, (x) with respect to any Conduit Purchaser
administered or managed by JPMorgan Chase for any Tranche Period, the Daily/30 Day LIBOR Rate in respect of each day during such Tranche Period; and (y) with respect to any other Conduit Purchaser for any Tranche Period, the per annum rate
equivalent to the weighted average cost (as determined by the related Managing Agent and which shall include commissions of placement agents and dealers, incremental carrying costs incurred with respect to Pooled Commercial Paper maturing on dates
other than those on which corresponding funds are received by such Conduit Purchaser, other borrowings by such Conduit Purchaser (other than under any commercial paper program support agreement) and any other costs associated with the issuance of
Pooled Commercial Paper) of or related to the issuance of Pooled Commercial Paper that are allocated, in whole or in part, by such Conduit Purchaser or its Managing Agent to fund or maintain its Purchaser Interests during such Tranche Period;
provided, however, that if any component of such rate is a discount rate, in calculating the “CP Rate” for such Conduit Purchaser for such Purchaser Interest for such Tranche Period, such Conduit Purchaser shall for such component use the
rate resulting from converting such discount rate to an interest-bearing equivalent rate per annum. 
 2.10. The definition of
“Facility Termination Date” appearing in Exhibit I to the Agreement is amended by deleting the reference to “May 16, 2012” therein and substituting the date “May 15, 2013” therefor. 

2.11. The definition of “Net Worth” appearing in Exhibit I to the Agreement is amended and restated in its entirety as follows:

 “Net Worth” means (a) the sum of (i) capital stock, (ii) additional paid in
capital, (iii) retained earnings (or minus accumulated deficits) and (iv) accumulated other comprehensive income, minus (b) treasury stock, in each case, of the Originator and its Subsidiaries determined on a consolidated basis
in conformity with generally accepted accounting principles on such date. 
 2.12. Exhibit I to the Agreement is amended by
adding the following new defined term in the appropriate alphabetical order therein: 
 “Daily/30 Day
LIBOR Rate” shall mean, for any day, a rate per annum equal to the thirty (30) day London-Interbank Offered Rate appearing on the Bloomberg BBAM (British Bankers Association) Page (or on any successor or substitute page of such
service, providing rate quotations comparable to those currently provided on such page of such service, as determined by JPMorgan Chase, as Managing Agent, from time to time in accordance with its customary practices for purposes of providing
quotations of interest rates applicable to U.S. Dollar deposits in the London interbank market) at approximately 11:00 a.m. (London time) on such day or, if such day is not a LIBO Business Day, the immediately preceding LIBO Business Day. In
the event that such rate is not available on any day at such time for any reason, then the “Daily/30 Day LIBOR Rate” for such day shall be the rate at which thirty (30) day U.S. Dollar deposits of $5,000,000 are offered by the
principal London office of JPMorgan Chase in immediately available funds in the London interbank market at approximately 11:00 a.m. (London time) on 

  
 3 

 
such day; and if JPMorgan Chase, as Managing Agent, is for any reason unable to determine the Daily/30 Day LIBOR Rate in the foregoing manner or has determined in good faith that the Daily/ 30
Day LIBOR Rate determined in such manner does not accurately reflect the cost of acquiring, funding or maintaining a Purchaser Interest, the Daily/30 Day LIBOR Rate for such day shall be the Base Rate. 

2.13. Schedule A to the Agreement is amended and restated in its entirety as set forth on Annex I to this Amendment. 

SECTION 3. Conditions of Effectiveness. This Amendment shall become effective as of the date hereof when, and only when,
(a) the Collateral Agent shall have received executed counterparts of this Amendment from the parties hereto, and (b) each Managing Agent (or, with respect to PNC Bank, National Association, to PNC Capital Markets LLC), shall have received
payment, by wire transfer of immediately available funds to the account specified on Schedule A to the Fee Letter, a one-time, nonrefundable fully earned upfront fee in an amount equal to the product of (i) 0.05% and (ii) the Purchaser
Group Limit of its related Purchaser Group on the date hereof for the account of the Purchasers in its related Purchaser Group. 

SECTION 4. Representations and Warranties of the Seller and the Servicer. Each of the Seller and the Servicer represents and
warrants as to itself as follows: 
 4.1. The execution and delivery by such Person of this Amendment are within its corporate
or limited liability company powers, as applicable, and authority and have been duly authorized by all necessary corporate or limited liability company action, as applicable, on its part. 

4.2. This Amendment has been duly executed and delivered by such Person. 

4.3. No authorization, approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is
required for the due execution, delivery and performance by such Person of this Amendment. 
 4.4. This Amendment and the
Agreement, as amended by this Amendment, constitute legal, valid and binding obligations of such Person enforceable against such Person in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws
affecting the enforcement of creditors’ rights generally. 
 4.5. Both before and after the effectiveness of this
Amendment, the covenants, representations and warranties of such Person set forth in the Agreement and each other Transaction Document to which it is a party, are true and correct in all material respects as of the date hereof. 

4.6. Both before and after the effectiveness of this Amendment, no event or circumstance has occurred and is continuing which constitutes
an Amortization Event or a Potential Amortization Event. 
 SECTION 5. Reference to and the Effect on the Agreement.

 5.1. On and after the effective date of this Amendment, each reference in the Agreement to “this Agreement”,
“hereunder”, “hereof”, “herein” or words of like import referring to the Agreement and each reference to the Agreement in any certificate delivered in connection therewith, shall mean and be a reference to the Agreement
as amended hereby. 

  
 4 

 5.2. Each of the Seller and the Servicer hereby agrees that, except as expressly amended
above, the Agreement is hereby ratified and confirmed and shall continue to be in full force and effect and enforceable, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to
or limiting creditors’ rights generally. 
 SECTION 6. Costs and Expenses. The Seller agrees to pay on demand all
reasonable costs and expenses of the Collateral Agent, the Managing Agents and the Purchasers in connection with the preparation, execution and delivery of this Amendment and the other instruments and documents to be delivered in connection
herewith, including, without limitation, the reasonable fees and out-of-pocket expenses of Sidley Austin LLP, counsel for the Collateral Agent, the Managing Agents and the Purchasers with respect thereto and with respect to advising the Collateral
Agent, the Managing Agents and the Purchasers as to their respective rights and responsibilities hereunder and thereunder. 

SECTION 7. Execution in Counterparts. This Amendment may be executed in any number of counterparts and by different parties hereto
in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of which taken together shall constitute but one and the same agreement. 

SECTION 8. Governing Law. This Amendment shall be governed by, and construed in accordance with, the internal laws (and not the
law of conflicts other than Sections 5-1401 and 5-1402 of the General Obligations Law) of the State of New York. 
 Remainder
of Page Intentionally Left Blank 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed and
delivered by their duly authorized officers as of the date hereof. 
  

			
	CGSF FUNDING CORPORATION, as the Seller
		
	By:	 	/s/ N. Loiacono
	Name: N. Loiacono
	Title:   President

  

			
	McKESSON CORPORATION, as the Servicer
		
	By:	 	/s/ Willie C. Bogan
	Name: Willie C. Bogan
	Title:   Secretary

 Signature Page to Amendment No. 1 to 

Fourth Amended and Restated Receivables Purchase Agreement 

 
			
	 JUPITER SECURITIZATION COMPANY LLC (as successor in interest to JS SILOED TRUST), as a Conduit Purchaser

 
 By: JPMorgan Chase Bank, N.A., not in its individual capacity but solely as
administrative trustee

		
	By:	 	/s/ Corina Mills
	Name: Corina Mills
	Title:   Executive Director

  

			
	JPMORGAN CHASE BANK, N.A., as a Committed Purchaser, a Managing Agent and as Collateral Agent
		
	By:	 	/s/ Corina Mills
	Name: Corina Mills
	Title:   Executive Director

 Signature Page to Amendment No. 1 to 

Fourth Amended and Restated Receivables Purchase Agreement 

 
			
	BANK OF AMERICA, N.A., as a Committed Purchaser and a Managing Agent
		
	By:	 	/s/ Nina Austin
	Name: Nina Austin
	Title:   Vice President

 Signature Page to Amendment No. 1 to 

Fourth Amended and Restated Receivables Purchase Agreement 

 
			
	LIBERTY STREET FUNDING LLC, as a Conduit Purchaser
		
	By:	 	/s/ Jill A. Russo
	Name: Jill A. Russo
	Title:   Vice President

  

			
	THE BANK OF NOVA SCOTIA, as a Committed Purchaser and as Managing Agent
		
	By:	 	/s/ Norman Last
	Name: Norman Last
	Title:   Managing Director

 Signature Page to Amendment No. 1 to 

Fourth Amended and Restated Receivables Purchase Agreement 

 
			
	GOTHAM FUNDING CORPORATION, as a Conduit Purchaser
		
	By:	 	/s/ David V. DeAngelis
	Name: David V. DeAngelis
	Title:   Vice President

  

			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as a Managing Agent
		
	By:	 	/s/ Aditya Reddy
	Name: Aditya Reddy
	Title:   Managing Director

  

			
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as a Committed Purchaser
		
	By:	 	/s/ M. Antioco
	Name: M. Antioco
	Title:   Associate

 Signature Page to Amendment No. 1 to 

Fourth Amended and Restated Receivables Purchase Agreement 

 
			
	NIEUW AMSTERDAM RECEIVABLES CORPORATION, as a Conduit Purchaser
		
	By:	 	/s/ Kevin Burns
	Name: Kevin Burns
	Title:   Vice President

  

			
	COOPERATIEVE CENTRALE RAIFFEISEN- BOERENLEENBANK B.A., “RABOBANK INTERNATIONAL”, NEW YORK BRANCH, as a Committed Purchaser and a Managing
Agent
		
	By:	 	/s/ Christopher Lew
	Name: Christopher Lew
	Title:   Vice President
		
	By:	 	/s/ Izumi Fukushima
	Name: Izumi Fukushima
	Title:   Executive Director

 Signature Page to Amendment No. 1 to 

Fourth Amended and Restated Receivables Purchase Agreement 

 
			
	MARKET STREET FUNDING LLC, as a Conduit Purchaser
		
	By:	 	/s/ Karla L. Boyd
	Name: Karla L. Boyd
	Title:   Vice President

  

			
	PNC BANK, NATIONAL ASSOCIATION as a Committed Purchaser and as Managing Agent
		
	By:	 	/s/ William P. Falcon
	Name: William P. Falcon
	Title:   Vice President

 Signature Page to Amendment No. 1 to 

Fourth Amended and Restated Receivables Purchase Agreement 

 
			
	FIFTH THIRD BANK, as a Committed Purchaser and as Managing Agent
		
	By:	 	/s/ Andrew D. Jones
	Name: Andrew D. Jones
	Title:   Vice President

 Signature Page to Amendment No. 1 to 

Fourth Amended and Restated Receivables Purchase Agreement 

 
			
	BRYANT PARK FUNDING LLC, as Departing Conduit Purchaser
		
	By:	 	/s/ Damian Perez
	Name: Damian Perez
	Title:   Vice President

  

			
	HSBC SECURITIES (USA), INC., as a Departing Managing Agent
		
	By:	 	/s/ Laurie Lawler
	Name: Laurie Lawler
	Title:   Vice President

  

			
	HSBC BANK PLC, as Departing Committed Purchaser
		
	By:	 	/s/ Victoria Lindsell
	Name: Victoria Lindsell
	Title:   Managing Director

 SCHEDULE A 
 PURCHASER GROUPS AND COMMITMENTS 
  

											
	Purchaser Group	  	Conduit Purchaser(s)	  	Purchaser
Group Type	  	Committed Purchaser(s)	  	Commitment	  	 Purchaser
 Group Limit

	 JPMorgan Purchaser
 Group
	  	Jupiter Securitization Company LLC	  	CP Funding Purchaser Group	  	 JPMorgan Chase
 Bank, N.A.
	  	$275,000,000	  	$275,000,000
	 BTMU Purchaser
 Group
	  	Gotham Funding Corporation	  	CP Funding Purchaser Group	  	The Bank of Tokyo-Mitsubishi UFJ Ltd., New York Branch	  	$250,000,000	  	$250,000,000
	 Scotia Purchaser
 Group
	  	 Liberty Street

Funding LLC
	  	CP Funding Purchaser Group	  	The Bank of Nova Scotia	  	$200,000,000	  	$200,000,000
	 PNC Purchaser
 Group
	  	 Market Street

Funding LLC
	  	CP Funding Purchaser Group	  	PNC Bank, National Association	  	$175,000,000	  	$175,000,000
	 Bank of America
 Purchaser Group
	  	N/A	  	Bank Funding Purchaser Group	  	Bank of America, N.A.	  	$150,000,000	  	$150,000,000
	 Fifth Third Purchaser
 Group
	  	N/A	  	Bank Funding Purchaser Group	  	Fifth Third Bank	  	$150,000,000	  	$150,000,000
	 Rabobank Purchaser
 Group
	  	Nieuw Amsterdam Receivables Corporation	  	CP Funding Purchaser Group	  	Cooperatieve Centrale Raiffeisen- Boerenleenbank B.A., “Rabobank International”, New York Branch	  	$150,000,000	  	$150,000,000
	
TOTAL  
	  	$1,350,000,000	  	$1,350,000,000

 FOURTH AMENDED AND RESTATED 

RECEIVABLES PURCHASE AGREEMENT 
 Dated as of May 18, 2011 
 among 

CGSF FUNDING CORPORATION, 
 as Seller, 
 McKESSON CORPORATION, 

as Servicer, 

THE CONDUIT PURCHASERS FROM TIME TO TIME PARTY HERETO, 
 THE COMMITTED PURCHASERS FROM TIME TO TIME PARTY HERETO, 
 THE MANAGING
AGENTS FROM TIME TO TIME PARTY HERETO, 
 and 
 JPMORGAN CHASE BANK, N.A., 
 as Collateral Agent 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE I PURCHASE ARRANGEMENTS
	  	 	2	  
	 Section 1.1 Purchase Facility
	  	 	2	  
	 Section 1.2 Increases
	  	 	3	  
	 Section 1.3 Decreases
	  	 	3	  
	 Section 1.4 Payment Requirements
	  	 	3	  
	 ARTICLE II PAYMENTS AND COLLECTIONS
	  	 	3	  
	 Section 2.1 Payments
	  	 	3	  
	 Section 2.2 Collections Prior to Amortization
	  	 	4	  
	 Section 2.3 Collections Following Amortization
	  	 	4	  
	 Section 2.4 Application of Collections
	  	 	4	  
	 Section 2.5 Payment Rescission
	  	 	5	  
	 Section 2.6 Seller Interest
	  	 	5	  
	 Section 2.7 Clean Up Call
	  	 	5	  
	 ARTICLE III FUNDING
	  	 	6	  
	 Section 3.1 General Funding Provisions
	  	 	6	  
	 Section 3.2 Yield Payments
	  	 	6	  
	 Section 3.3 Selection and Continuation of Tranche Periods for Committed Purchasers in CP Funding Purchaser
Groups
	  	 	6	  
	 Section 3.4 Discount Rates of Committed Purchasers in CP Funding Purchaser Groups
	  	 	6	  
	 Section 3.5 Suspension of the LIBO Rate
	  	 	7	  
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	 	7	  
	 Section 4.1 Representations and Warranties of Seller Parties
	  	 	7	  
	 Section 4.2 Committed Purchaser Representations and Warranties
	  	 	11	  
	 ARTICLE V CONDITIONS OF PURCHASES
	  	 	12	  
	 Section 5.1 Conditions Precedent to the Effectiveness of this Agreement
	  	 	12	  
	 Section 5.2 Conditions Precedent to All Purchases and Reinvestment
	  	 	12	  
	 ARTICLE VI COVENANTS
	  	 	13	  
	 Section 6.1 Affirmative Covenants of the Seller Parties
	  	 	13	  
	 Section 6.2 Negative Covenants of the Seller Parties
	  	 	19	  
	 ARTICLE VII ADMINISTRATION AND COLLECTION
	  	 	20	  
	 Section 7.1 Designation of Servicer
	  	 	20	  
	 Section 7.2 Duties of Servicer
	  	 	21	  
	 Section 7.3 Collection Notices
	  	 	22	  
	 Section 7.4 Responsibilities of Seller
	  	 	22	  
	 Section 7.5 Reports
	  	 	23	  
	 Section 7.6 Servicing Fees
	  	 	23	  
	 Section 7.7 Financial Covenant
	  	 	23	  
	 ARTICLE VIII AMORTIZATION EVENTS
	  	 	23	  
	 Section 8.1 Amortization Events
	  	 	23	  
	 Section 8.2 Remedies
	  	 	24	  
	 ARTICLE IX INDEMNIFICATION
	  	 	25	  
	 Section 9.1 Indemnities by the Seller Parties
	  	 	25	  
	 Section 9.2 Increased Cost and Reduced Return
	  	 	27	  
	 Section 9.3 Other Costs and Expenses
	  	 	29	  
	 Section 9.4 Withholding Tax Exemption
	  	 	29	  
	 ARTICLE X THE AGENTS
	  	 	30	  
	 Section 10.1 Authorization and Action
	  	 	30	  

  
 -i-

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
	 Section 10.2 Delegation of Duties
	  	 	30	  
	 Section 10.3 Exculpatory Provisions
	  	 	31	  
	 Section 10.4 Reliance by Agents
	  	 	31	  
	 Section 10.5 Non-Reliance on Agents and Other Purchasers
	  	 	31	  
	 Section 10.6 Reimbursement and Indemnification
	  	 	32	  
	 Section 10.7 Agents in their Individual Capacities
	  	 	32	  
	 Section 10.8 Successor Agent
	  	 	32	  
	 ARTICLE XI ASSIGNMENTS; PARTICIPATIONS
	  	 	33	  
	 Section 11.1 Assignments
	  	 	33	  
	 Section 11.2 Participations
	  	 	34	  
	 Section 11.3 Additional Purchaser Groups; Joinder by Conduit Purchaser
	  	 	34	  
	 Section 11.4 Extension of Facility Termination Date
	  	 	35	  
	 Section 11.5 Terminating Committed Purchasers
	  	 	35	  
	 ARTICLE XII MISCELLANEOUS
	  	 	36	  
	 Section 12.1 Waivers and Amendments
	  	 	36	  
	 Section 12.2 Notices
	  	 	37	  
	 Section 12.3 Ratable Payments
	  	 	38	  
	 Section 12.4 Protection of Ownership Interests of the Purchasers
	  	 	38	  
	 Section 12.5 Confidentiality
	  	 	39	  
	 Section 12.6 Bankruptcy Petition
	  	 	40	  
	 Section 12.7 Limitation of Liability; Limitation of Payment; No Recourse
	  	 	40	  
	 Section 12.8 CHOICE OF LAW
	  	 	40	  
	 Section 12.9 CONSENT TO JURISDICTION
	  	 	40	  
	 Section 12.10 WAIVER OF JURY TRIAL
	  	 	41	  
	 Section 12.11 Integration; Binding Effect; Survival of Terms
	  	 	41	  
	 Section 12.12 Counterparts; Severability; Section References
	  	 	41	  
	 Section 12.13 Agent Roles
	  	 	42	  
	 Section 12.14 Characterization
	  	 	42	  
	 Section 12.15 Amendment and Restatement; Consent to Amendment of Receivables Sale Agreement
	  	 	43	  
	 Section 12.16 Federal Reserve
	  	 	43	  
	 Section 12.17 USA PATRIOT Act
	  	 	43	  

  
 -ii-

 TABLE OF CONTENTS 

(continued) 
  

									
	 	  	 	  	 	  	Page	 
	 EXHIBITS
	  		  		  			
				
	 Exhibit I
	  	-	  	Definitions	  	 	I-1	  
	 Exhibit II
	  	-	  	Form of Purchase Notice	  	 	II-1	  
	 Exhibit II-A
	  	-	  	Form of Reduction Notice	  	 	II-A-1	  
	 Exhibit III
	  	-	  	Places of Business of the Seller Parties; Locations of Records; Federal Employer Identification Number(s)	  	 	III-1	  
	 Exhibit IV
	  	-	  	[Reserved.]	  	 	IV-1	  
	 Exhibit V
	  	-	  	Form of Compliance Certificate	  	 	V-1	  
	 Exhibit VI
	  	-	  	Form of Assignment Agreement	  	 	VI-1	  
	 Exhibit VII
	  	-	  	Form of Joinder Agreement	  	 	VII-1	  
				
	 SCHEDULES
	  		  		  			
	 Schedule A
	  	-	  	Purchaser Groups and Commitments	  	 	A-1	  
	 Schedule B
	  	-	  	Purchaser Group Notice	  	 	B-1	  

  
 -iii-

 FOURTH AMENDED AND RESTATED 

RECEIVABLES PURCHASE AGREEMENT 
 This Fourth Amended and Restated Receivables Purchase Agreement dated as of May 18, 2011 (as amended, restated, supplemented or otherwise modified and in effect from time to time, this
“Agreement”) is among CGSF Funding Corporation, a Delaware corporation (“Seller”), McKesson Corporation, a Delaware corporation, as initial Servicer (“McKesson”; McKesson, together with the Seller,
the “Seller Parties” and each a “Seller Party”), the entities from time to time party hereto as Conduit Purchasers (together with their respective successors and assigns hereunder, the “Conduit
Purchasers”), the entities from time to time party hereto as Committed Purchasers (together with their respective successors and assigns hereunder, the “Committed Purchasers”), the entities from time to time party hereto as
Managing Agents (together with their respective successors and assigns hereunder, the “Managing Agents”), and JPMorgan Chase Bank, N.A. (successor by merger to Bank One, NA (Main Office Chicago)) (“JPMorgan Chase”),
as collateral agent for the Purchasers hereunder or any successor collateral agent hereunder (together with its successors and assigns hereunder, the “Collateral Agent”). Unless defined elsewhere herein, capitalized terms used in
this Agreement shall have the meanings assigned to such terms in Exhibit I. 
 PRELIMINARY STATEMENTS 

WHEREAS, Seller, McKesson, the Conduit Purchasers, the Committed Purchasers, the Managing Agents and the Collateral Agent are
parties to that certain Third Amended and Restated Receivables Purchase Agreement dated as of May 19, 2010 (as heretofore amended, restated, supplemented or otherwise modified from time to time, the “Original RPA”); 

WHEREAS, subject to the terms and conditions set forth herein, the parties hereto have agreed to amend and restate the Original
RPA in its entirety; 
 WHEREAS, Seller desires to transfer and assign Purchaser Interests to the Purchasers from time to
time; 
 WHEREAS, the Conduit Purchasers may, in their absolute and sole discretion, purchase Purchaser Interests from
Seller from time to time, and in the event that (i) a Conduit Purchaser declines to make any purchase or (ii) a Purchaser Group does not have a Conduit Purchaser member, the Committed Purchasers that are part of the applicable Purchaser
Group shall purchase Purchaser Interests from time to time; 
 WHEREAS, JPMorgan Chase has been requested and is willing
to act as Collateral Agent on behalf of the Conduit Purchasers, the Committed Purchasers and the Managing Agents in accordance with the terms hereof; 
 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:

  

 ARTICLE I 
 PURCHASE ARRANGEMENTS 
 Section 1.1 Purchase Facility.

 (a) Upon the terms and subject to the conditions hereof, Seller may, at its option, sell and assign Purchaser Interests to
the Collateral Agent for the benefit of the Purchasers. In accordance with the terms and conditions set forth herein, each Conduit Purchaser may, at its option, instruct the related Managing Agent (which will instruct the Collateral Agent) to
purchase on its behalf through the Collateral Agent, or if (i) such Conduit Purchaser shall decline to purchase or (ii) a Purchaser Group does not have a Conduit Purchaser member, the Collateral Agent shall purchase, on behalf of the
applicable Committed Purchasers, Purchaser Interests from time to time in an aggregate amount not to exceed the Purchase Limit, and for each Purchaser Group in an aggregate amount not to exceed the Purchaser Group Limit for such Purchaser Group,
during the period from the date hereof to but not including the Amortization Date. 
 (b) Seller may, upon at least ten
(10) Business Days’ prior written notice to the Collateral Agent and each Managing Agent, terminate in whole or reduce in part, ratably among the Purchaser Groups, the unused portion of the Purchase Limit and the Purchaser Group Limits;
provided, that each partial reduction of the Purchase Limit shall be in an amount equal to $5,000,000 or an integral multiple thereof. 
 Section 1.2 Increases. 
 (a) Seller shall provide each Managing Agent
with prior notice in a form set forth as Exhibit II hereto (a “Purchase Notice”) of each Incremental Purchase in conformity with the Required Notice Period. Each Purchase Notice shall be subject to Section 5.2
hereof and, except as set forth below, shall be irrevocable and shall specify the requested Purchase Price (which shall not be less than $15,000,000 in the aggregate for all Purchasers), date of purchase (which date shall give effect to the
applicable Required Notice Period), the type of Discount Rate (determined in accordance with, and subject to the limitations set forth in, Article III hereof) and Tranche Period; provided, that the Seller may not send more than two
(2) Purchase Notices in any one-week period. 
 (b) Following receipt of a Purchase Notice, (i) for each Purchaser
Group which has a Conduit Purchaser member, the related Managing Agent shall notify such Conduit Purchaser of its receipt of same and determine whether such Conduit Purchaser agrees to make the purchase, and if the applicable Conduit Purchaser
declines to make such purchase, the Managing Agent shall notify the Committed Purchasers in such Purchaser Group of its receipt of such Purchase Notice and of the Conduit Purchaser declining to make such purchase and the Incremental Purchase of the
Purchaser Interest will be made by such Committed Purchasers and (ii) for each Purchaser Group which does not have a Conduit Purchaser member, the related Managing Agent shall notify the Committed Purchasers in such Purchaser Group of its
receipt of such Purchase Notice and the Incremental Purchase of the Purchaser Interest will be made by such Committed Purchasers. 
 (c) Each Incremental Purchase to be made hereunder shall be made ratably among the Purchaser Groups in accordance with their respective Purchaser Group Limits. 

(d) On the date of each Incremental Purchase, upon satisfaction of the applicable conditions precedent set forth in Article V,
each applicable Purchaser shall make available to its related Managing Agent at its address listed beneath its signature on its signature page to this Agreement, for deposit to such account as the Seller designates from time to time, in immediately
available funds, no later than 12:00 noon (Chicago time), an amount equal to such Purchaser’s Pro Rata Share of the Purchaser Interests then being purchased. 

  
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 Section 1.3 Decreases. Seller shall provide each Managing Agent with prior
written notice in the form set forth as Exhibit II-A hereto (a “Reduction Notice”) of any reduction of Aggregate Capital from Collections in conformity with the Required Notice Period. Such Reduction Notice shall designate
(i) the date (the “Proposed Reduction Date”) upon which any such reduction of Aggregate Capital shall occur (which date shall give effect to the applicable Required Notice Period), and (ii) the amount of Aggregate Capital
to be reduced (the “Aggregate Reduction”) which shall be applied ratably to reduce the Capital of each Purchaser Group and further applied by each Managing Agent to the Purchaser Interests of the Conduit Purchasers and the Committed
Purchasers in the related Purchaser Group in such proportions as may be agreed by such Managing Agent and such Purchasers. Only one (1) Reduction Notice shall be outstanding at any time. 

Section 1.4 Payment Requirements. All amounts to be paid or deposited by any Seller Party pursuant to any provision of this
Agreement shall be paid or deposited in accordance with the terms hereof no later than 12:00 noon (New York City time) on the day when due in immediately available funds, and if not received before 12:00 noon (New York City time) shall be deemed to
be received on the next succeeding Business Day. If such amounts are payable to a Purchaser they shall be paid to the related Managing Agent, for the account of such Purchaser, at its account and in accordance with its payment instructions set forth
on Schedule A to the Fee Letter (as such account and instructions may be amended from time to time by written notice from such Managing Agent to each Seller Party). All computations of Yield (other than Yield calculated using the Base Rate)
and per annum fees hereunder and under the Fee Letter shall be made on the basis of a year of 360 days for the actual number of days elapsed. All computations of Yield calculated using the Base Rate shall be made on the basis of a year of 365 or 366
days, as applicable, for the actual number of days elapsed. If any amount hereunder shall be payable on a day which is not a Business Day, such amount shall be payable on the next succeeding Business Day. 

ARTICLE II 

PAYMENTS AND COLLECTIONS 
 Section 2.1 Payments. Notwithstanding any limitation on recourse contained in this Agreement, Seller shall immediately pay to each Managing Agent when due, for the account of the related
Purchaser or Purchasers (i) such fees as set forth in the Fee Letter, (ii) all amounts payable as Yield, (iii) all amounts payable as Deemed Collections (which, subject to the servicing procedures set forth in Article VII,
shall be applied to reduce Aggregate Capital hereunder in accordance with Sections 2.2 and 2.3 hereof), (iv) all amounts payable to reduce the Purchaser Interest, if required, pursuant to Section 2.6, (v) all
amounts payable pursuant to Article IX, if any, (vi) all Broken Funding Costs and (vii) all Default Fees (collectively, the “Obligations”). The Seller shall pay to the Servicer in accordance with Sections 2.2
and 2.4 hereof all Servicer costs and expenses in connection with servicing, administering and collecting the Receivables, including, without limitation, the Servicing Fee. If any Person fails to pay any of the Obligations when due, such
Person agrees to pay, on demand, the Default Fee in respect thereof until paid. Notwithstanding the foregoing, no provision of this Agreement or the Fee Letter shall require the payment or permit the collection of any amounts hereunder in excess of
the maximum permitted by applicable law. If at any time Seller receives any Collections or is deemed to receive any Collections, Seller shall immediately pay such Collections or Deemed Collections to the Servicer and, at all times prior to such
payment, such Collections shall be held in trust by Seller for the exclusive benefit of the Purchasers, the Managing Agents and the Collateral Agent. 

  
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 Section 2.2 Collections Prior to Amortization. 

(a) Prior to the Amortization Date, any Collections and/or Deemed Collections received by the Servicer shall be held in trust by the
Servicer for the payment of any accrued and unpaid Aggregate Unpaids or for a Reinvestment as provided in this Section 2.2. If at any time any Collections are received by the Servicer prior to the Amortization Date, (i) the Servicer
shall set aside and hold in trust for the benefit of (x) the Purchasers: (A) the Termination Percentage of Collections and Deemed Collections evidenced by the Purchaser Interests of each Terminating Committed Purchaser, (B) an amount
equal to the accrued and unpaid Obligations, (C) an amount equal to the Aggregate Reduction, if any, to be effected pursuant to Section 1.3 and (y) the Servicer, amounts owing to the Servicer under Section 2.1 and
(ii) Seller hereby requests and the Purchasers (other than any Terminating Committed Purchasers) hereby agree to make, simultaneously with such receipt, a reinvestment (each a “Reinvestment”) with that portion of the balance of
each and every Collection received by the Servicer that is part of any Purchaser Interest (other than any Purchaser Interests of Terminating Committed Purchasers), such that after giving effect to such Reinvestment, the amount of Capital of such
Purchaser Interest immediately after such receipt and corresponding Reinvestment shall be equal to the amount of Capital immediately prior to such receipt. 
 (b) On each Settlement Date prior to the occurrence of the Amortization Date, the Servicer shall remit to the Managing Agents’ respective accounts the amounts set aside since the immediately
preceding Settlement Date that have not been applied to pay Yield or subject to a Reinvestment and apply such amounts (if not previously paid in accordance with Section 2.1) first, to reduce due but unpaid Obligations in the order
specified in Section 2.4 and second, to reduce the Capital of all Purchaser Interests of Terminating Committed Purchasers, applied ratably to each Terminating Committed Purchaser according to the respective Capital of such Terminating
Committed Purchasers. If such Capital and other Obligations shall be reduced to zero, any additional Collections received by the Servicer (i) if applicable, shall be remitted to the Managing Agents’ respective accounts no later than 12:00
noon (Chicago time) to the extent required to fund any Aggregate Reduction on such Settlement Date, applied ratably in accordance with the Pro Rata Share of each such Managing Agent’s Purchaser Group and (ii) any balance remaining
thereafter shall be remitted from the Servicer to Seller on such Settlement Date. In the event that, pursuant to Section 1.3, an Aggregate Reduction is to take place on a date other than a Settlement Date, on the date of such Aggregate
Reduction, the Servicer shall remit to the Managing Agents’ respective accounts (ratably in accordance with the Pro Rata Share of the related Purchaser Group), out of amounts set aside pursuant to Section 2.2(a), an amount equal to
such Aggregate Reduction to be applied in accordance with Section 1.3. 
 Section 2.3 Collections Following
Amortization. On the Amortization Date and on each day thereafter, the Servicer shall set aside and hold in trust, for the holder of each Purchaser Interest, all Collections and Deemed Collections received on such day. On the Amortization Date
and each date thereafter, (i) the Servicer shall remit to the Managing Agents’ respective accounts, in accordance with the applicable Pro Rata Shares, the amounts set aside pursuant to the preceding sentence, and (ii) each Managing
Agent shall apply such amounts to reduce the Aggregate Capital and any other Aggregate Unpaids due and payable to the related Purchaser Group. 
 Section 2.4 Application of Collections. If there shall be insufficient funds on deposit for the Servicer to distribute funds in payment in full of the aforementioned amounts pursuant to
Section 2.2 or 2.3 (as applicable), the Servicer shall distribute funds: 
 (i) first, to the payment
of the Servicer’s reasonable out of pocket costs and expenses in connection with servicing, administering and collecting the Receivables, including the Servicing Fee, if Seller or one of its Affiliates is then acting as Servicer and no Servicer
Default has occurred and is continuing, or if Seller or one of its Affiliates is not then acting as the Servicer; 

  
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 (ii) second, to the reimbursement of the Collateral Agent’s and each Managing
Agent’s costs of collection and enforcement of this Agreement; 
 (iii) third, ratably to the payment of all accrued
and unpaid fees under the Fee Letter and all accrued and unpaid Yield; 
 (iv) fourth, (to the extent applicable) to the
ratable reduction of the Aggregate Capital (without regard to any Termination Percentage); 
 (v) fifth, for the ratable
payment of all other unpaid Obligations and Servicer costs and expenses, including the Servicing Fee; provided that when the Seller or one of its Affiliates is acting as the Servicer, such Servicer costs and expenses, including the Servicing
Fee, will not be paid until after the payment in full of all other Obligations; and 
 (vi) sixth, after the Aggregate
Unpaids have been indefeasibly reduced to zero, to the Seller. 
 Collections applied to the payment of Aggregate Unpaids shall
be distributed in accordance with the aforementioned provisions, and, giving effect to each of the priorities set forth in Section 2.4 above, shall be shared ratably (within each priority) among the Collateral Agent, the Managing Agents
and the Purchasers in accordance with the amount of such Aggregate Unpaids owing to each of them in respect of each such priority. 
 Section 2.5 Payment Rescission. No payment of any of the Aggregate Unpaids shall be considered paid or applied hereunder to the extent that, at any time, all or any portion of such payment or
application is rescinded by application of law or judicial authority, or must otherwise be returned or refunded for any reason. Seller shall remain obligated for the amount of any payment or application so rescinded, returned or refunded, and shall
promptly pay to the Collateral Agent (for application to the Person or Persons who suffered such rescission, return or refund) the full amount thereof, plus the Default Fee from the date of any such rescission, return or refunding.

 Section 2.6 Seller Interest. Seller shall ensure that the Purchaser Interests of the Purchasers shall at no time
exceed in the aggregate 100%. If the aggregate of the Purchaser Interests of the Purchasers exceeds 100%, Seller shall pay to the Managing Agents, within one Business Day, an amount to be applied to reduce the Aggregate Capital, such that after
giving effect to such payment the aggregate of the Purchaser Interests equals or is less than 100%. 
 Section 2.7 Clean
Up Call. In addition to Seller’s rights pursuant to Section 1.3, Seller shall have the right (after providing written notice to the Managing Agents in accordance with the Required Notice Period), at any time following the
reduction of the Capital to a level that is less than 10.0% of the original Purchase Limit, to repurchase from the Purchasers all, but not less than all, of the then outstanding Purchaser Interests. The purchase price in respect thereof shall be an
amount equal to the Aggregate Unpaids through the date of such repurchase, payable in immediately available funds. Such repurchase shall be without representation, warranty or recourse of any kind by, on the part of, or against any Purchaser, any
Managing Agent or the Collateral Agent. 

  
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 ARTICLE III 
 FUNDING 
 Section 3.1 General Funding Provisions. Subject to
Section 3.5 hereof, (a) each Purchaser Interest of the Committed Purchasers in a CP Funding Purchaser Group shall accrue Yield for each day during its Tranche Period at either the LIBO Rate or the Base Rate, (b) each Purchaser
Interest of the Committed Purchasers in a Bank Funding Purchaser Group shall accrue Yield for each day during its Tranche Period at the LIBO Rate and (c) each Purchaser Interest directly or indirectly funded substantially with Pooled Commercial
Paper shall accrue Yield for each day that any Capital in respect of such Purchaser Interest is outstanding at the CP Rate, in each case, in accordance with the terms and conditions hereof. Until Seller gives notice to the Managing Agents of another
Discount Rate in accordance with Section 3.4, the initial Discount Rate for any Purchaser Interest transferred to the Committed Purchasers in a CP Funding Purchaser Group pursuant to the terms and conditions hereof shall be the Base
Rate. If any Committed Purchaser in a CP Funding Purchaser Group acquires by assignment from any Conduit Purchaser any Purchaser Interest pursuant to such Conduit Purchaser’s respective Liquidity Agreement, each Purchaser Interest so assigned
shall each be deemed to have a new Tranche Period commencing on the date of any such assignment. 
 Section 3.2 Yield
Payments. On each Monthly Settlement Date, Seller shall pay to each Managing Agent (for the benefit of the applicable Purchasers), an aggregate amount equal to (i) the accrued and unpaid Yield with respect to each Purchaser Interest for the
immediately preceding Accrual Period, if Yield for such Purchaser Interest is calculated on the basis of the CP Rate, and (ii) the accrued and unpaid Yield with respect to each Purchaser Interest for the most recently ended Tranche Period for
such Purchaser Interest, if Yield for such Purchaser Interest is calculated on the basis of any Discount Rate other than the CP Rate, in each case, in accordance with Article III. 

Section 3.3 Selection and Continuation of Tranche Periods for Committed Purchasers in CP Funding Purchaser Groups.

 (a) With consultation from (and approval by) each related Managing Agent, Seller shall from time to time request Tranche
Periods for the Purchaser Interests of the Committed Purchasers in CP Funding Purchaser Groups; provided, however, that no more than fifteen (15) Tranche Periods shall be outstanding at any one time and Seller shall always request
Tranche Periods such that at least one Tranche Period shall end on the date specified in clause (A) of the definition of Settlement Date. 
 (b) Seller or a Managing Agent, upon notice to and consent by the other received at least three (3) Business Days prior to the end of a Tranche Period (the “Terminating Tranche”) for
any Purchaser Interest, may, effective on the last day of the Terminating Tranche of a Committed Purchaser in a CP Funding Purchaser Group: (i) divide any such Purchaser Interest into multiple Purchaser Interests, (ii) combine any such
Purchaser Interest with one or more other Purchaser Interests which have a Terminating Tranche ending on the same day as such Terminating Tranche or (iii) combine any such Purchaser Interest with one or more other Purchaser Interests which
either have a Terminating Tranche ending on such day or are newly created on such day, provided, in no event may a Purchaser Interest of a Conduit Purchaser be combined with a Purchaser Interest of a Committed Purchaser. 

Section 3.4 Discount Rates of Committed Purchasers in CP Funding Purchaser Groups. Seller may select the LIBO Rate or the
Base Rate for each Purchaser Interest of the Committed Purchasers in CP Funding Purchaser Groups. Seller shall by 12:00 noon (Chicago time): (i) at least three (3) Business Days prior to the expiration of any Terminating Tranche with
respect to which the LIBO Rate is being requested as a new Discount Rate and (ii) at least one (1) Business Day prior to the expiration of any Terminating Tranche with respect to which the Base Rate is being requested as a new Discount
Rate, give each related Managing Agent irrevocable notice of the new Discount Rate for the Purchaser Interest associated with such Terminating Tranche. 

  
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 Section 3.5 Suspension of the LIBO Rate. 

(a) If any Committed Purchaser notifies its related Managing Agent that it has determined that funding its Pro Rata Share of the
Purchaser Interests at a LIBO Rate would violate any applicable law, rule, regulation, or directive of any governmental or regulatory authority, whether or not having the force of law, or that (i) deposits of a type and maturity appropriate to
match fund its Purchaser Interests at such LIBO Rate are not available or (ii) such LIBO Rate does not accurately reflect the cost of acquiring or maintaining a Purchaser Interest at such LIBO Rate, then such Managing Agent shall notify the
Collateral Agent and shall suspend the availability of such LIBO Rate and require Seller to select the Base Rate for any Purchaser Interest accruing Yield at such LIBO Rate. 
 (b) If less than all of the Committed Purchasers give a notice to the Managing Agents pursuant to Section 3.5(a), each Committed Purchaser which gave such a notice shall be obligated, at the
request of Seller or such Committed Purchaser’s Managing Agent (on behalf of the related Conduit Purchaser or Conduit Purchasers), to assign all of its rights and obligations hereunder to (i) another Committed Purchaser that is acceptable
to such related Conduit Purchaser or Conduit Purchasers or (ii) another funding entity nominated by Seller that is acceptable to such Conduit Purchaser or Conduit Purchasers and willing to participate in this Agreement through the Facility
Termination Date in the place of such notifying Committed Purchaser; provided that (i) the notifying Committed Purchaser receives payment in full, pursuant to an Assignment Agreement, of an amount equal to such notifying Committed
Purchaser’s Pro Rata Share of the Capital and Yield owing to all of the Committed Purchasers and all accrued but unpaid fees and other costs and expenses payable in respect of its Pro Rata Share of the Purchaser Interests of the Committed
Purchasers, and (ii) the replacement Committed Purchaser otherwise satisfies the requirements of Section 11.1(b). 
 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 

Section 4.1 Representations and Warranties of Seller Parties. Each Seller Party hereby represents and warrants to the
Collateral Agent, the Managing Agents and the Purchasers, as to itself, that: 
 (a) Corporate Existence and Power. Such
Seller Party is a corporation or limited liability company duly organized, validly existing and in good standing under the laws of its state of incorporation or formation, as the case may be, and is duly qualified to do business and is in good
standing as a foreign corporation or limited liability company, and has and holds all corporate or limited liability company power and all governmental licenses, authorizations, consents and approvals required to carry on its business in each
jurisdiction in which its business is conducted except where the failure to so qualify or so hold could not reasonably be expected to have a Material Adverse Effect. 
 (b) Power and Authority; Due Authorization Execution and Delivery. The execution and delivery by such Seller Party of this Agreement and each other Transaction Document to which it is a party, and
the performance of its obligations hereunder and thereunder and, in the case of Seller, Seller’s use of the proceeds of purchases made hereunder, are within its corporate or limited liability company powers and authority and have been duly
authorized by all necessary corporate or limited liability company action on its part. This Agreement and each other Transaction Document to which such Seller Party is a party has been duly executed and delivered by such Seller Party. 

  
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 (c) No Conflict. The execution and delivery by such Seller Party of this Agreement
and each other Transaction Document to which it is a party, and the performance of its obligations hereunder and thereunder do not contravene or violate (i) its certificate or articles of incorporation or by-laws or certificate of formation or
operating agreement, as the case may be, (ii) any law, rule or regulation applicable to it, (iii) any restrictions under any agreement, contract or instrument to which it is a party or by which it or any of its property is bound, or
(iv) any order, writ, judgment, award, injunction or decree binding on or affecting it or its property, and do not result in the creation or imposition of any Adverse Claim on assets of such Seller Party or its Material Subsidiaries (except as
created hereunder) except, in any case, where such contravention or violation could not reasonably be expected to have a Material Adverse Effect; and no transaction contemplated hereby requires compliance with any bulk sales act or similar law.

 (d) Governmental Authorization. Other than the filing of the financing statements required hereunder, no authorization
or approval or other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the due execution and delivery by such Seller Party of this Agreement and each other Transaction Document to which it is a
party and the performance of its obligations hereunder and thereunder. 
 (e) Actions, Suits. There are no actions, suits
or proceedings pending, or to the best of such Seller Party’s knowledge, threatened, against or affecting such Seller Party, or any of its properties, in or before any court, arbitrator or other body, that could reasonably be expected to have a
Material Adverse Effect. Such Seller Party is not in default with respect to any order of any court, arbitrator or governmental body. 
 (f) Binding Effect. This Agreement and each other Transaction Document to which such Seller Party is a party constitute the legal, valid and binding obligations of such Seller Party enforceable
against such Seller Party in accordance with their respective terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by
general principles of equity (regardless of whether enforcement is sought in a proceeding in equity or at law). 
 (g)
Accuracy of Information. All information heretofore furnished by such Seller Party or any of its Affiliates to the Collateral Agent, the Managing Agents or the Purchasers for purposes of or in connection with this Agreement, any Monthly
Report, any of the other Transaction Documents or any transaction contemplated hereby or thereby is, and all such information hereafter furnished by such Seller Party or any of its Affiliates to the Collateral Agent, the Managing Agents or the
Purchasers will be, true and accurate in every material respect on the date such information is stated or certified (or, if such information specifies another date, such other date) and does not and will not contain any material misstatement of fact
or omit to state a material fact or any fact necessary to make the statements contained therein not misleading. 
 (h) Use of
Proceeds. No purchase hereunder will violate, or be inconsistent with, Regulation T, U or X promulgated by the Board of Governors of the Federal Reserve System from time to time. No proceeds of any purchase hereunder will be directly secured or
“indirectly secured” by any “margin stock,” as such terms are defined in Regulation U promulgated by the Board of Governors of the Federal Reserve System from time to time. 

(i) Good Title. Immediately prior to each purchase hereunder, Seller shall be the legal and beneficial owner of the Receivables
and Related Security with respect thereto, free and clear of any Adverse Claim, except as created by the Transaction Documents. There have been duly filed all financing statements or other similar instruments or documents necessary under the UCC (or
any comparable law) of all appropriate jurisdictions to perfect Seller’s ownership interest in each Receivable, its Collections and the Related Security. 

  
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 (j) Perfection. 

(i) This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Receivables
and Related Security and Collections with respect thereto in favor of the Collateral Agent (for the benefit of the Purchasers), which security interest is prior to all other Adverse Claims, and is enforceable as such as against creditors of and
purchasers from Seller. 
 (ii) The Receivables constitute “accounts” within the meaning of the
applicable UCC. 
 (iii) Seller owns and has good and marketable title to the Receivables, Related Security and
Collections, free and clear of any Adverse Claim, claim or encumbrance of any Person. 
 (iv) Seller has caused
or will have caused, within ten days, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in order to perfect the security interest in the Receivables, Related Security
and Collections granted to the Collateral Agent (on behalf of the Purchasers) hereunder. 
 (v) Other than the
security interest granted to the Collateral Agent (for the benefit of the Purchasers) pursuant to this Agreement, Seller has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Receivables, Related Security
or Collections. Seller has not authorized the filing of and is not aware of any financing statements against Seller that include a description of collateral covering the Receivables, Related Security or Collections other than any financing statement
relating to the security interest granted to the Collateral Agent (for the benefit of the Purchasers) hereunder or that has been terminated. Seller is not aware of any judgment or tax lien filings against Seller. 

The parties hereto shall not waive a breach of any of the foregoing perfection representations, warranties or covenants without the prior written consent
of the Collateral Agent (acting at the direction of the Required Committed Purchasers upon confirmation that such waiver will not result in a withdrawal or downgrade of the rating of the Commercial Paper of any Conduit Purchaser). 

(k) Places of Business. The principal places of business and chief executive office of such Seller Party and the offices where it
keeps all of its Records are located at the addresses listed on Exhibit III or such other locations of which the Collateral Agent has been notified in accordance with Section 6.2(a) in jurisdictions where all action required by
Section 12.4(a) has been taken and completed. Each Seller Party’s Federal Employer Identification Number is correctly set forth on Exhibit III. Each Seller Party is organized solely under the laws of the State of Delaware.

 (l) Collections. The conditions and requirements set forth in Section 6.1(j) and Section 7.2
have at all times been satisfied and duly performed. The names and addresses of all Collection Banks, together with the account numbers of the Collection Accounts of Seller at each Collection Bank and the post office box number of each Lock-Box,
are listed on Exhibit I to the Fee Letter (as such Exhibit I to the Fee Letter may be amended or supplemented from time to time by either Seller Party by delivery of a new Exhibit I thereto to the Collateral Agent and the
Managing Agents). The Seller has not granted or delegated to any Person, other than the Collateral Agent as contemplated by this Agreement or pursuant 

  
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 to a Collection Account Agreement, dominion or “control” (within the meaning of Section 9-104
of the UCC of all applicable jurisdictions) of or the right to give instructions with respect to the disposition of funds without the consent of any other Person with respect to any Lock-Box or Collection Account, or the right to take dominion or
“control” (within the meaning of Section 9-104 of the UCC of all applicable jurisdictions) of any such Lock-Box or Collection Account at a future time or upon the occurrence of a future event. 

(m) Material Adverse Effect. (i) The initial Servicer represents and warrants that, since March 31, 2011, no event has
occurred with respect to the initial Servicer that would have a material adverse effect on its financial condition or operations or its ability to perform its obligations under this Agreement and (ii) Seller represents and warrants that since
March 31, 2011, no event has occurred that would have a material adverse effect on (A) the financial condition or operations of Seller, (B) the ability of Seller to perform its obligations under this Agreement or (C) the
collectibility of the Receivables generally or any material portion of the Receivables; provided, that with respect to each of clause (i) and clause (ii), the insolvency of, or any other event with respect to, any Obligor
or Obligors which results in the Eligible Receivables from such Obligor or Obligors ceasing to be Eligible Receivables shall not be deemed to have a Material Adverse Effect so long as (x) immediately after giving effect to such insolvency or
event, as applicable, the Net Receivables Balance less the Aggregate Reserves equals or exceeds the Aggregate Capital, and (y) such insolvency or event, as applicable, does not materially adversely affect the ability of the initial Servicer to
perform its obligations and duties under this Agreement. 
 (n) Names. In the past five (5) years, Seller has not
used any corporate names, trade names or assumed names other than the name in which it has executed this Agreement. 
 (o)
Ownership of Seller. McKesson directly owns 100% of the issued and outstanding capital stock of Seller, free and clear of any Adverse Claim. Such capital stock is validly issued, fully paid and nonassessable, and there are no options,
warrants or other rights to acquire securities of Seller. 
 (p) Not an Investment Company. Such Seller Party is not an
“investment company” within the meaning of the Investment Company Act of 1940, as amended, or any successor statute. 

(q) Compliance with Law. Such Seller Party has complied in all respects with all applicable laws, rules, regulations, orders,
writs, judgments, injunctions, decrees or awards to which it may be subject, except where the failure to so comply could not reasonably be expected to have a Material Adverse Effect. Each Receivable, together with the Contract related thereto, does
not contravene any laws, rules or regulations applicable thereto (including, without limitation, laws, rules and regulations relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection
practices and privacy), and no part of such Contract is in violation of any such law, rule or regulation, except where such contravention or violation could not reasonably be expected to have a Material Adverse Effect. 

(r) Compliance with Credit and Collection Policy. Such Seller Party has complied in all material respects with the Credit and
Collection Policy with regard to each Receivable and the related Contract, and has not made any material change to such Credit and Collection Policy, except such material change as to which the Collateral Agent has been notified in accordance with
Section 6.1(a)(vii). 
 (s) Reasonably Equivalent Value. The Seller has given reasonably equivalent value in
consideration of the transfer of each Receivable, and no such transfer has been made for or on account of an antecedent debt. 

  
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 (t) Enforceability of Contracts. Each Contract with respect to each Receivable is
effective to create, and has created, a legal, valid and binding obligation of the related Obligor to pay the Outstanding Balance of the Receivable created thereunder and any accrued interest thereon, enforceable against the Obligor in accordance
with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by general principles of equity (regardless of whether
enforcement is sought in a proceeding in equity or at law). 
 (u) Eligible Receivables. Each Receivable included in the
Net Receivables Balance as an Eligible Receivable on the date of its purchase by the Seller was an Eligible Receivable on such purchase date. 
 (v) Net Receivables Balance. Each Seller Party has determined that, immediately after giving effect to each Incremental Purchase and Reinvestment hereunder, the Net Receivables Balance is at least
equal to the sum of (i) the Aggregate Capital, plus (ii) the Aggregate Reserves. 
 (w) Accounting. Such
Seller Party treats the transactions contemplated by the Receivables Sale Agreement as sales and/or capital contributions, for all purposes, including, without limitation, accounting purposes, notwithstanding the fact that the consolidated financial
statements of McKesson and the Seller are prepared in accordance with GAAP and, as a result of the consolidation required by GAAP, the transfers shall be reflected as a financing by McKesson in its consolidated financial statements, and such Seller
Party (i) has made appropriate notations in any such consolidated financial statements (or in the accompanying notes) to indicate that the Seller is a separate legal entity from McKesson and to indicate that the assets and credit of the Seller
is not available to satisfy the debts and obligations of McKesson and (ii) the assets of Seller are listed separately on any balance sheet of such Seller Party prepared on a standalone basis. 

(x) Compliance with Representations. On and as of the date of each purchase of a Purchaser Interest hereunder and the date of each
Reinvestment hereunder, each Seller Party hereby represents and warrants that all of the other representations and warranties made by it set forth in this Section 4.1 are true and correct on and as of the date of such purchase or
Reinvestment (and after giving effect to such purchase or Reinvestment) as though made on and as of each such date (except where such representation or warranty relates to an earlier date, in which case as of such earlier date). 

Section 4.2 Committed Purchaser Representations and Warranties. Each Committed Purchaser hereby represents and warrants to
the Collateral Agent, the Managing Agents and the Conduit Purchasers that: 
 (a) Existence and Power. Such Committed
Purchaser is a corporation, limited liability company or a banking association duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation or organization, and has all company power to perform its
obligations hereunder. 
 (b) No Conflict. The execution and delivery by such Committed Purchaser of this Agreement and
the performance of its obligations hereunder are within its company powers, have been duly authorized by all necessary company action, do not contravene or violate (i) its certificate or articles of incorporation, formation or association or
by-laws or limited liability company agreement, (ii) any law, rule or regulation applicable to it, (iii) any restrictions under any agreement, contract or instrument to which it is a party or any of its property is bound, or (iv) any
order, writ, judgment, award, injunction or decree binding on or affecting it or its property, and do not result in the creation or imposition of any Adverse Claim on its assets. This Agreement has been duly authorized, executed and delivered by
such Committed Purchaser. 

  
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 (c) Governmental Authorization. No authorization or approval or other action by, and
no notice to or filing with, any governmental authority or regulatory body is required for the due execution and delivery by such Committed Purchaser of this Agreement and the performance of its obligations hereunder. 

(d) Binding Effect. This Agreement constitutes the legal, valid and binding obligation of such Committed Purchaser enforceable
against such Committed Purchaser in accordance with its terms, except as such enforcement may be limited by applicable bankruptcy, insolvency, reorganization or other similar laws relating to or limiting creditors’ rights generally and by
general principles of equity (regardless of whether such enforcement is sought in a proceeding in equity or at law). 

ARTICLE V 

CONDITIONS OF PURCHASES 
 Section 5.1 Conditions Precedent to the Effectiveness of this Agreement. This Agreement shall become effective as of the date hereof upon satisfaction of each of the following conditions
precedent on or prior to the Effective Date: 
 (a) The Collateral Agent shall have received fully executed copies of each of
the documents and other items reasonably requested by the Collateral Agent, in form and substance acceptable to the Collateral Agent and each Managing Agent; 
 (b) Each of the representations and warranties set forth in Section 4.1 shall be true and correct on and as of the Effective Date as though made on and as of such date (except where such
representation or warranty relates to an earlier date, in which case as of such earlier date); 
 (c) Each of the
representations and warranties set forth in the Receivables Sale Agreement shall be true and correct on and as of the Effective Date as though made on and as of such date (except where such representation or warranty relates to an earlier date, in
which case as of such earlier date); 
 (d) No Amortization Event or Potential Amortization Event shall have occurred and be
continuing and the Amortization Date shall not have occurred; 
 (e) The Collateral Agent and each Managing Agent shall have
received all fees and expenses required to be paid on the Effective Date pursuant to the terms of this Agreement and the Fee Letter; and 
 (f) Each of the Collateral Agent and each Managing Agent and each Purchaser shall have received such other approvals and documents as it has reasonably requested from the Seller or McKesson. 

Section 5.2 Conditions Precedent to All Purchases and Reinvestment. Each purchase of a Purchaser Interest and each
Reinvestment shall be subject to the conditions precedent that (a) in the case of each such purchase or Reinvestment, the Servicer shall have delivered to the Managing Agents on or prior to the date of such purchase, in form and substance
satisfactory to the Managing Agents, all Monthly Reports, Weekly Reports and/or Daily Reports as and when due under Section 7.5 and (ii) upon the Collateral Agent’s or any Managing Agent’s request, the Servicer shall have
delivered to the Managing Agents at least three (3) days prior to such purchase or Reinvestment an interim Monthly Report showing the amount of Eligible Receivables or such other form of report in form and substance reasonably satisfactory to
the Managing Agents showing adequate information relating to the amount of 

  
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 Eligible Receivables; (b) the Facility Termination Date shall not have occurred; (c) no
Amortization Event or, with respect to any Incremental Purchase, no Potential Amortization Event shall have occurred; (d) the Originator shall have marked its records evidencing the Receivables in a manner satisfactory to the Collateral Agent;
and (e) the Collateral Agent shall have received such other approvals, opinions or documents as it may reasonably request. With respect to each Incremental Purchase and Reinvestment, as a condition to such Incremental Purchase or Reinvestment,
on the date of such purchase the Seller represents and warrants that the representations and warranties set forth in Section 4.1 are true and correct on and as of the date of such Incremental Purchase or Reinvestment (and after giving
effect thereto) as though made on and as of such date (except where such representation or warranty relates to an earlier date, in which case as of such earlier date). 
 ARTICLE VI 
 COVENANTS 

Section 6.1 Affirmative Covenants of the Seller Parties. Until the date on which the Aggregate Unpaids have been indefeasibly
paid in full and this Agreement terminates in accordance with its terms, each Seller Party hereby covenants, as to itself, as set forth below: 
 (a) Financial Reporting. Such Seller Party will maintain, for itself and each of its Material Subsidiaries, a system of accounting established and administered in accordance with generally accepted
accounting principles, and furnish to the Collateral Agent and the Managing Agents: 
 (i) Annual Reporting. Within
ninety (90) days after the close of each of its respective fiscal years, audited, unqualified financial statements (which shall include balance sheets, statements of income and retained earnings and a statement of cash flows) for the Seller
Parties on a consolidated basis for such fiscal year certified in a manner acceptable to the Collateral Agent and the Managing Agents by independent public accountants acceptable to the Collateral Agent and the Managing Agents together with
unaudited consolidating financial statements for the Seller; provided, that such information need not be furnished directly to the Collateral Agent and the Managing Agents if it is publicly available at no charge on the EDGAR system of the
United States Securities and Exchange Commission (“EDGAR”) within such period; provided, further, that the Seller shall only to be required to deliver financial statements for the Seller to the extent such statements
are prepared. 
 (ii) Quarterly Reporting. Within sixty (60) days after the close of the first three
(3) quarterly periods of each of its respective fiscal years, balance sheets of each of the Originator and the Servicer (if different from the Originator), and, to the extent such financial statements are prepared, for the Seller, in each such
case as at the close of each such period, together with statements of income and retained earnings and, with respect to the Originator only, a statement of cash flows for each such Person for the period from the beginning of such fiscal year to the
end of such quarter, in each case, certified by an Authorized Officer; provided, that such information need not be furnished directly to the Collateral Agent and the Managing Agents if it is publicly available at no charge on EDGAR within
such period. 
 (iii) Compliance Certificate. Together with the financial statements required hereunder, a compliance
certificate in substantially the form of Exhibit V signed by such Seller Party’s Authorized Officer and dated the date of such annual financial statement or such quarterly financial statement, as the case may be. 

(iv) Shareholders Statements and Reports. Promptly upon the furnishing thereof to the shareholders of such Seller Party copies of
all financial statements, reports and proxy statements so furnished; provided, that a copy of any such statement or report need not be furnished directly to the Collateral Agent and the Managing Agents if the same is publicly available at no
charge on EDGAR within such period. 

  
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 (v) Securities Exchange Commission Filings. Promptly upon the filing thereof, copies
of all registration statements and annual, quarterly, monthly or other regular reports which such Seller Party or any of its Material Subsidiaries files with the Securities and Exchange Commission; provided, that a copy of any such statement
or report need not be furnished directly to the Collateral Agent and the Managing Agents if the same is publicly available at no charge on EDGAR promptly upon the filing thereof. 

(vi) Copies of Notices. Promptly upon its receipt of any notice, request for consent, financial statements, certification, report
or other communication under or in connection with any Transaction Document from any Person other than the Collateral Agent, any Managing Agent or any Conduit, copies of the same. 

(vii) Change in Credit and Collection Policy. At least thirty (30) days prior to the effectiveness of any material change in
or amendment to the Credit and Collection Policy, a copy of the Credit and Collection Policy then in effect and a notice indicating such change or amendment. 
 (viii) Other Information. Promptly, from time to time, such other information, documents, records or reports relating to the Receivables or the condition or operations, financial or otherwise, of
such Seller Party as the Collateral Agent or any Managing Agent may from time to time reasonably request in order to protect the interests of the Collateral Agent, the Managing Agents, and the Purchasers under or as contemplated by this Agreement.
Any report, statement or other material required to be delivered pursuant to this clause (a) shall be deemed to have been furnished to the Collateral Agent and the Managing Agents on the date that such report, statement or other material is
posted on the EDGAR system of the Securities and Exchange Commission or the website of the Originator at www.mckesson.com. 
 (b) Notices. Such Seller Party will notify the Collateral Agent and each Managing Agent in writing of any of the following promptly upon learning of the occurrence thereof, describing the same and,
if applicable, the steps being taken with respect thereto: 
 (i) Amortization Events or Potential Amortization Events.
The occurrence of each Amortization Event and each Potential Amortization Event, by a statement of an Authorized Officer of such Seller Party. 
 (ii) Judgment and Proceedings. (A) The entry of any judgment or decree against (1) the Servicer or any of its Material Subsidiaries if the amount of any such judgment or decree against
the Servicer or one of its Material Subsidiaries exceeds $25,000,000 after deducting (a) the amount with respect to which the Servicer or any such Material Subsidiary is insured and with respect to which the insurer has assumed responsibility
in writing, and (b) the amount for which the Servicer or any such Material Subsidiary is otherwise indemnified if the terms of such indemnification are satisfactory to the Collateral Agent and the Managing Agents, or (2) Seller; or
(B) the institution of any litigation, arbitration proceeding or governmental proceeding against the Seller. 
 (iii)
Material Adverse Effect. The occurrence of any event or condition that has, or could reasonably be expected to have, a Material Adverse Effect. 
 (iv) Receivables Sale Agreement Amortization Date. The occurrence of the “Amortization Date” under the Receivables Sale Agreement. 

  
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 (v) Defaults Under Other Agreements. The occurrence of an event of default, or event
that, with the giving of notice or passage of time or both, would result in an event of default, under any other financing arrangement pursuant to which such Seller Party is a debtor or an obligor that is reasonably likely to result in a Material
Adverse Effect. 
 (vi) Downgrade of the Originator. Any downgrade in the rating of any Indebtedness of the Originator by
S&P, Fitch or Moody’s, setting forth the Indebtedness affected and the nature of such change. 
 (c) Compliance with
Laws and Preservation of Corporate Existence. Such Seller Party will comply in all respects with all applicable laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject, except where the
failure to so comply could not reasonably be expected to have a Material Adverse Effect. Such Seller Party will preserve and maintain its corporate or limited liability company existence, rights, franchises and privileges in the jurisdiction of its
incorporation or formation, as the case may be, and qualify and remain qualified in good standing as a foreign corporation or limited liability company, as the case may be, in each jurisdiction where its business is conducted, except where the
failure to so preserve and maintain or qualify could not reasonably be expected to have a Material Adverse Effect. 
 (d)
Audits. Such Seller Party will furnish to the Collateral Agent and each Managing Agent from time to time such information with respect to it and the Receivables as the Collateral Agent or such Managing Agent may reasonably request. Such
Seller Party will, from time to time during regular business hours as requested by the Collateral Agent or such Managing Agent upon reasonable notice and at the sole cost of such Seller Party, permit the Collateral Agent or such Managing Agent, or
its agents or representatives, (i) to examine and make copies of and abstracts from all Records in the possession or under the control of such Person relating to the Receivables and the Related Security, including, without limitation, the
related Contracts, and (ii) to visit the offices and properties of such Person for the purpose of examining such materials described in clause (i) above, and to discuss matters relating to such Person’s financial condition or
the Receivables and the Related Security or any Person’s performance under any of the Transaction Documents or any Person’s performance under the Contracts (subject to confidentiality restrictions in the relevant Contracts) and, in each
case, with any of the officers or employees of Seller or the Servicer having knowledge of such matters; provided, however, that prior to the Amortization Date, so long as no Amortization Event has occurred and is continuing, the
Collateral Agent, the Managing Agents and their respective agents or representatives shall not, on a collective basis, conduct the activities described in clauses (i) and (ii) above more frequently than one time per year.

 (e) Keeping and Marking of Records and Books. 

(i) The Servicer will maintain and implement administrative and operating procedures (including, without limitation, an ability to
recreate records evidencing Receivables in the event of the destruction of the originals thereof), and keep and maintain all documents, books, records and other information reasonably necessary or advisable for the collection of all Receivables
(including, without limitation, records adequate to permit the identification of each new Receivable and all Collections of and adjustments to each existing Receivable). 
 (ii) Such Seller Party will on or prior to the date hereof, mark its records and other books and records relating to the Purchaser Interests with a legend, acceptable to the Collateral Agent, describing
the Purchaser Interests. 
 (f) Compliance with Contracts and Credit and Collection Policy. Such Seller Party will timely
and fully (i) perform and comply with all provisions, covenants and other promises required to be 

  
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observed by it under the Contracts related to the Receivables, and (ii) comply in all respects with the Credit and Collection Policy in regard to each Receivable and the related Contract,
except, in each case, where the failure to so comply would not result in a Material Adverse Effect. Seller will pay when due any taxes payable in connection with the Receivables, exclusive of taxes on or measured by income or gross receipts of the
Purchasers, the Collateral Agent, or the Managing Agents. 
 (g) Performance and Enforcement of Receivables Sale
Agreement. Seller shall, and shall require the Originator to, perform each of its obligations and undertakings under and pursuant to the Receivables Sale Agreement, shall purchase Receivables thereunder in strict compliance with the terms
thereof and shall take all action necessary or reasonably appropriate to enforce the rights and remedies accorded to Seller under the Receivables Sale Agreement. Seller shall take all actions reasonably necessary to perfect and enforce its rights
and interests (and the rights and interests of the Collateral Agent and the Purchasers as assignees of Seller) under the Receivables Sale Agreement as the Collateral Agent may from time to time reasonably request, including, without limitation,
making claims to which it may be entitled under any indemnity, reimbursement or similar provision contained in the Receivables Sale Agreement. 
 (h) Ownership. Seller shall take all necessary action to (i) vest legal and equitable title to the Receivables, the Related Security and the Collections purchased under the Receivables Sale
Agreement irrevocably in Seller, free and clear of any Adverse Claims other than Adverse Claims in favor of the Collateral Agent and the Purchasers (including, without limitation, the filing of all financing statements or other similar
instruments or documents necessary under the UCC (or any comparable law) of all appropriate jurisdictions to perfect Seller’s interest in such Receivables, Related Security (to the extent covered by Article 9 of the UCC) and Collections and
such other action to perfect, protect or more fully evidence the interest of Seller therein as the Collateral Agent may reasonably request), and (ii) establish and maintain, in favor of the Collateral Agent, for the benefit of the Purchasers, a
valid and perfected first priority undivided percentage ownership interest (and/or a valid and perfected first priority security interest) in all Receivables, Related Security (to the extent covered by Article 9 of the UCC) and Collections to the
full extent contemplated herein, free and clear of any Adverse Claims other than Adverse Claims in favor of the Collateral Agent for the benefit of the Purchasers (including, without limitation, the filing of all financing statements or other
similar instruments or documents necessary under the UCC (or any comparable law) of all appropriate jurisdictions to perfect the Collateral Agent’s (for the benefit of the Purchasers) interest in such Receivables, Related Security (to the
extent covered by Article 9 of the UCC) and Collections and such other action to perfect, protect or more fully evidence the interest of the Collateral Agent for the benefit of the Purchasers as the Collateral Agent may reasonably request).

 (i) Purchasers’ Reliance. Seller acknowledges that the Purchasers are entering into the transactions contemplated
by this Agreement in reliance upon Seller’s identity as a legal entity that is separate from the Originator. Therefore, from and after the date of execution and delivery of this Agreement, Seller shall take all reasonable steps, including,
without limitation, all steps that the Collateral Agent, any Managing Agent or any Purchaser may from time to time reasonably request, to maintain Seller’s identity as a separate legal entity and to make it manifest to third parties that Seller
is an entity with assets and liabilities distinct from those of the Originator and any Affiliates thereof and not just a division of the Originator. Without limiting the generality of the foregoing and in addition to the other covenants set forth
herein, Seller shall: 
 (A) conduct its own business in its own name and require that all full-time employees
of Seller, if any, identify themselves as such and not as employees of the Originator; 

  
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 (B) if applicable, compensate all employees, consultants and agents
directly, from Seller’s bank accounts, for services provided to Seller by such employees, consultants and agents and, to the extent any employee, consultant or agent of Seller is also an employee, consultant or agent of the Originator, allocate
the compensation of such employee, consultant or agent between Seller and the Originator on a basis that reflects the services rendered to Seller and the Originator; 

(C) clearly identify its offices (by signage or otherwise) as its offices, if any, and, if any such office is located in
the offices of the Originator, Seller shall lease such office at a fair market rent; 
 (D) if applicable, have
separate stationery, invoices and checks in its own name; 
 (E) conduct all transactions with the Originator
and the Servicer (including, without limitation, any delegation of its obligations hereunder as Servicer) strictly on an arm’s-length basis, allocate all overhead expenses (including, without limitation, telephone and other utility charges), if
any, for items shared between Seller and the Originator on the basis of actual use to the extent practicable, if any, and, to the extent such allocation is not practicable, on a basis reasonably related to actual use; 

(F) at all times have a Board of Directors consisting of at least three members, at least one member of which is an
Independent Director; 
 (G) observe all organizational formalities as a distinct entity, and ensure that all
corporate or limited liability company actions relating to (A) the selection, maintenance or replacement of the Independent Director, (B) the dissolution or liquidation of Seller or (C) the initiation of, participation in,
acquiescence in or consent to any bankruptcy, insolvency, reorganization or similar proceeding involving Seller, are duly authorized by unanimous vote of its Board of Directors (including the Independent Director); 

(H) maintain Seller’s books and records separate from those of the Originator and otherwise readily identifiable as
its own assets rather than assets of the Originator; 
 (I) prepare its financial statements, if any, separately
from those of the Originator and ensure that any consolidated financial statements of the Originator or any Affiliate thereof that include Seller and that are filed with the Securities and Exchange Commission or any other governmental agency have
notes stating to the effect that Seller is a separate corporate entity and that its assets will be available to satisfy the claims of the creditors of Seller and of no other Person; 

(J) except as herein specifically otherwise provided, maintain the funds or other assets of Seller separate from, and not
commingled with, those of the Originator and only maintain bank accounts or other depository accounts to which the Seller alone is the account party, into which the Seller alone makes deposits and from which the Seller alone (or the Collateral Agent
or Managing Agents hereunder) has the power to make withdrawals; 

  
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 (K) pay all of Seller’s operating expenses, if any, from the
Seller’s own assets (except for certain payments by the Originator or other Persons pursuant to allocation arrangements that comply with the requirements of this Section 6.1(i)); 

(L) operate its business and activities such that: it does not engage in any business or activity of any kind, or enter
into any transaction or indenture, mortgage, instrument, agreement, contract, lease or other undertaking, other than the transactions contemplated and authorized by this Agreement and the Receivables Sale Agreement; and does not create, incur,
guarantee, assume or suffer to exist any indebtedness or other liabilities, whether direct or contingent, other than (1) as a result of the endorsement of negotiable instruments for deposit or collection or similar transactions in the ordinary
course of business, (2) the incurrence of obligations under this Agreement, (3) the incurrence of obligations, as expressly contemplated in the Receivables Sale Agreement, to make payment to the Originator for the purchase of Receivables
from the Originator under the Receivables Sale Agreement, and (4) the incurrence of operating expenses in the ordinary course of business of the type otherwise contemplated by this Agreement; 

(M) maintain its organizational documents in conformity with this Agreement, such that it does not amend, restate,
supplement or otherwise modify its organizational documents in any respect that would impair its ability to comply with the terms or provisions of any of the Transaction Documents, including, without limitation, Section 6.1(i) of this
Agreement; 
 (N) maintain the effectiveness of, and continue to perform under the Receivables Sale Agreement,
such that it does not amend, restate, supplement, cancel, terminate or otherwise modify the Receivables Sale Agreement, or give any consent, waiver, directive or approval thereunder or waive any default, action, omission or breach under the
Receivables Sale Agreement or otherwise grant any indulgence thereunder, without (in each case) the prior written consent of the Collateral Agent and each Managing Agent; 

(O) maintain its corporate separateness such that it does not merge or consolidate with or into, or convey, transfer,
lease or otherwise dispose of (whether in one transaction or in a series of transactions, and except as otherwise contemplated herein) all or substantially all of its assets (whether now owned or hereafter acquired) to, or acquire all or
substantially all of the assets of, any Person, nor at any time create, have, acquire, maintain or hold any interest in any Subsidiary; 
 (P) maintain at all times the Required Capital Amount and refrain from making any dividend, distribution, redemption of capital stock or payment of any subordinated indebtedness which would cause the
Required Capital Amount to cease to be so maintained; and 
 (Q) take such other actions as are necessary on its
part to ensure that the facts and assumptions set forth in the opinion issued on the date hereof by Morrison & Foerster LLP as counsel for Seller and the Originator relating to substantive consolidation issues, and in the certificates
accompanying such opinion, remain true and correct in all material respects at all times. 
 (j) Collections. Such Seller
Party shall cause (1) all proceeds from all Lock-Boxes to be directly deposited by a Collection Bank into a Collection Account and (2) each Lock-Box and Collection 

  
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Account to be, at all times, subject to a Collection Account Agreement that is in full force and effect. In the event any payments relating to Receivables are remitted directly to Seller or any
Affiliate of Seller, Seller shall remit (or shall cause all such payments to be remitted) directly to a Collection Bank and deposited into a Collection Account within two (2) Business Days following receipt thereof and, at all times prior to
such remittance, Seller shall itself hold or, if applicable, shall cause such payments to be held in trust for the exclusive benefit of the Collateral Agent, the Managing Agents and the Purchasers. Seller shall maintain exclusive ownership, dominion
and control (subject to the terms of this Agreement) of each Lock-Box and Collection Account and shall not grant the right to take dominion and control of any Lock-Box or Collection Account at a future time or upon the occurrence of a future event
to any Person, except to the Collateral Agent as contemplated by this Agreement. 
 (k) Taxes. Such Seller Party shall
file all tax returns and reports required by law to be filed by it and shall promptly pay all taxes and governmental charges at any time owing, except any such taxes which are not yet delinquent or are being diligently contested in good faith by
appropriate proceedings and for which adequate reserves in accordance with generally accepted accounting principles shall have been set aside on its books. 
 (l) Corporate Ownership. The Seller shall remain a wholly-owned, direct Subsidiary of McKesson. 
 Section 6.2 Negative Covenants of the Seller Parties. Until the date on which the Aggregate Unpaids have been indefeasibly paid in full and this Agreement terminates in accordance with its
terms, each Seller Party hereby covenants, as to itself, that: 
 (a) Name Change, Offices and Records. Such Seller Party
will not make any change to its name (within the meaning of Section 9-507(c) of any applicable enactment of the UCC), type or jurisdiction of organization or location of books and records unless, with respect to any such name change, change in
type or jurisdiction of organization, or change in location of its books and records, such Seller Party (x) at least thirty (30) days prior to the effective date thereof, notifies the Collateral Agent and each Managing Agent thereof,
(y) prior to the effectiveness thereof, takes all other steps to ensure that the Collateral Agent, for the benefit of itself and the Purchasers, continues to have a first priority, perfected ownership or security interest in the Receivables,
the Related Security related thereto and any Collections thereon and (z) except with respect to a change in location of books and records, prior to the effectiveness thereof, delivers to the Collateral Agent (i) such financing statements
(Forms UCC-1 and UCC-3) as the Collateral Agent or any Managing Agent may reasonably request to reflect such name change, change in type or jurisdiction of organization, (ii) if the Collateral Agent, any Managing Agent or any Purchaser shall so
request, an opinion of counsel, in form and substance reasonably satisfactory to such Person, as to such Seller Party’s valid existence and good standing, enforceability of the Transaction Documents and the perfection and priority of the
Collateral Agent’s ownership or security interest in the Receivables, the Related Security and Collections and (iii) such other documents and instruments as the Collateral Agent or any Managing Agent may reasonably request in connection
therewith, including, without limitation, information which the Collateral Agent or any Managing Agent may request in connection with its compliance with “know your customer” regulations, the Patriot Act and any other rules or regulations
applicable to such Person and, in the case of a change to the Seller’s type of organization, copies of the organizational documents of the Seller which shall contain provisions customary for bankruptcy-remote entities of such type participating
in asset-backed financings and consistent with the provisions of Section 6.1(i) and otherwise be in form and substance reasonably acceptable to the Collateral Agent. 

(b) Change in Payment Instructions to Obligors. Except as may be required by Collateral Agent pursuant to
Section 7.2(b), such Seller Party will not add or terminate any bank as a Collection 

  
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Bank, or make any change in the instructions to Obligors regarding payments to be made to any Lock-Box or Collection Account, unless the Collateral Agent shall have received (i) at least ten
(10) days before the proposed effective date therefor, written notice of such addition, termination or change; provided, however, that the Servicer may make changes in instructions to Obligors regarding payments if such new
instructions require such Obligor to make payments to another existing Collection Account, and (ii) at least ten (10) days before the proposed effective date therefor (or such shorter prior period as may be agreed to by the Collateral
Agent in its sole discretion), with respect to the addition of a Collection Bank or a Collection Account or Lock-Box, an executed Collection Account Agreement with respect to the new Collection Account or Lock-Box. In the event of any change in any
Lock-Box, Collection Bank or Collection Account in accordance with this Section 6.2(b), such Seller Party shall deliver an updated Exhibit I to the Fee Letter to the Collateral Agent. 

(c) Modifications to Contracts and Credit and Collection Policy. Such Seller Party will not make any change to the Credit and
Collection Policy that could adversely affect the collectibility of the Receivables or decrease the credit quality of any newly created Receivables. Except as provided in Section 7.2(d), the Servicer will not, and will not extend, amend
or otherwise modify the terms of any Receivable or any Contract related thereto other than in accordance with the Credit and Collection Policy. 
 (d) Sales, Liens. Seller shall not sell, assign (by operation of law or otherwise) or otherwise dispose of, or grant any option with respect to, or create or suffer to exist any Adverse Claim upon
(including, without limitation, the filing of any financing statement) or with respect to, any Receivable, Related Security or Collections, or upon or with respect to any Contract under which any Receivable arises, or any Lock-Box or Collection
Account, or assign any right to receive income with respect thereto (other than, in each case, the creation of the interests therein in favor of the Collateral Agent and the Purchasers provided for herein), and Seller shall defend the right, title
and interest of the Collateral Agent and the Purchasers in, to and under any of the foregoing property, against all claims of third parties claiming through or under Seller or the Originator. Seller shall not create or suffer to exist any mortgage,
pledge, security interest, encumbrance, lien, charge or other similar arrangement on any inventory the sale of which would give rise to a Receivable. 
 (e) Net Receivables Balance. At no time prior to the Amortization Date shall Seller permit the Net Receivables Balance to be less than an amount equal to the sum of (i) the Aggregate Capital
plus (ii) the Aggregate Reserves for any period of time greater than one (1) Business Day. 
 (f)
Amortization Date Determination. Seller shall not designate an Amortization Date (as defined in the Receivables Sale Agreement), or send any written notice to Originator in respect thereof, without the prior written consent of the Collateral
Agent, except with respect to the occurrence of such Amortization Date arising pursuant to Section 5.1(d) of the Receivables Sale Agreement. 
 ARTICLE VII 
 ADMINISTRATION AND COLLECTION 

Section 7.1 Designation of Servicer. 
 (a) The servicing, administration and collection of the Receivables shall be conducted by such Person (the “Servicer”) so designated from time to time in accordance with this
Section 7.1. McKesson is hereby designated as, and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms of this Agreement. After the occurrence and during the continuance of an Amortization Event,
the Collateral Agent may at any time designate as Servicer any Person to succeed McKesson or any successor Servicer. 

  
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 (b) Without the prior written consent of the Collateral Agent and the Required Committed
Purchasers, McKesson shall not be permitted to delegate any of its duties or responsibilities as Servicer to any Person other than (i) Seller or another Affiliate of McKesson and (ii) with respect to certain Defaulted Receivables, outside
collection agencies in accordance with its customary practices. Seller shall not be permitted to further delegate to any other Person any of the duties or responsibilities of the Servicer delegated to it by McKesson. If at any time after the
occurrence of an Amortization Event, the Collateral Agent shall designate as Servicer any Person other than McKesson or an Affiliate of McKesson, all duties and responsibilities theretofore delegated by McKesson or another Affiliate of McKesson to
Seller may, at the discretion of the Collateral Agent, be terminated forthwith on notice given by the Collateral Agent to McKesson and to Seller. 
 (c) So long as the Servicer is McKesson or an Affiliate of McKesson, (i) McKesson shall be and remain primarily liable to the Collateral Agent and the Purchasers for the full and prompt performance
of all duties and responsibilities of the Servicer hereunder; (ii) the Collateral Agent and the Purchasers shall be entitled to deal exclusively with McKesson in matters relating to the discharge by the Servicer of its duties and
responsibilities hereunder; and (iii) the Collateral Agent and the Purchasers shall not be required to give notice, demand or other communication to any Person other than McKesson in order for communication to the Servicer and its sub-servicer
or other delegate with respect thereto to be accomplished. McKesson, at all times that it is the Servicer, shall be responsible for providing any sub-servicer or other delegate of the Servicer with any notice given to the Servicer under this
Agreement. 
 Section 7.2 Duties of Servicer. 

(a) The Servicer shall take or cause to be taken all such actions as may be necessary or advisable to collect each Receivable from time
to time, all in accordance with applicable laws, rules and regulations, with reasonable care and diligence, and in accordance with the Credit and Collection Policy. 
 (b) The Servicer will instruct all Obligors to pay all Collections directly to a Lock-Box or Collection Account. The Servicer shall cause a Collection Account Agreement to be in effect at all times with
respect to each Collection Account. In the case of any remittances received in any Lock-Box or Collection Account that shall have been identified, to the satisfaction of the Servicer, to not constitute Collections or other proceeds of the
Receivables or the Related Security, the Servicer shall promptly remit such items to the Person identified to it as being the owner of such remittances. From and after the date the Collateral Agent delivers to any Collection Bank a Collection Notice
pursuant to Section 7.3, the Collateral Agent may request that the Servicer, and the Servicer thereupon promptly shall instruct all Obligors with respect to the Receivables, to remit all payments thereon to a new depositary account
specified by the Collateral Agent and, at all times thereafter, Seller and the Servicer shall not deposit or otherwise credit, and shall not permit any other Person to deposit or otherwise credit to such new depositary account any cash or payment
item other than Collections. 
 (c) The Servicer shall administer the Collections in accordance with the procedures described
herein and in Article II. The Servicer shall set aside and hold in trust for the account of Seller and the Purchasers their respective shares of the Collections of Receivables in accordance with Article II; provided, that
nothing in this sentence shall require the Servicer to segregate Collections on a daily basis from its other funds. The Servicer shall, upon the request of the Collateral Agent after the occurrence and during the continuance of an Amortization
Event, segregate, in a manner acceptable to the Collateral Agent, all cash, checks and other instruments received by it from time to time constituting Collections from the general funds of the Servicer or Seller prior to the remittance thereof in
accordance with Article II. If the Servicer shall be required to segregate Collections pursuant to the preceding sentence, the Servicer shall segregate and deposit with a bank designated by the Collateral Agent such allocable share of
Collections of Receivables set aside for the Purchasers on the first Business Day following receipt by the Servicer of such Collections, duly endorsed or with duly executed instruments of transfer. 

  
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 (d) The Servicer may, in accordance with the Credit and Collection Policy, extend the
maturity of any Receivable or adjust the Outstanding Balance of any Receivable as the Servicer determines to be appropriate to maximize Collections thereof; provided, however, that such extension or adjustment shall not alter the
status of such Receivable as a Delinquent Receivable or Defaulted Receivable or limit the rights of the Collateral Agent or the Purchasers under this Agreement. Notwithstanding anything to the contrary contained herein, the Collateral Agent shall
have the absolute and unlimited right to direct the Servicer to commence or settle any legal action with respect to any Receivable or to foreclose upon or repossess any Related Security. 

(e) The Servicer shall hold in trust for Seller and the Purchasers all Records that (i) evidence or relate to the Receivables, the
related Contracts and Related Security or (ii) are otherwise necessary or desirable to collect the Receivables and shall, as soon as practicable upon demand of the Collateral Agent after the occurrence and during the continuance of an
Amortization Event deliver or make available to the Collateral Agent all such Records, at a place selected by the Collateral Agent. The Servicer shall, as soon as practicable following receipt thereof turn over to Seller any cash collections or
other cash proceeds received with respect to Indebtedness not constituting Receivables. After the occurrence and during the continuance of an Amortization Event, the Servicer shall, from time to time at the request of any Purchaser, furnish to the
Purchasers (promptly after any such request) a calculation of the amounts set aside for the Purchasers pursuant to Article II. 
 (f) Any payment by an Obligor in respect of any indebtedness owed by it to the Originator or Seller shall, except as reasonably identified by the Servicer as not constituting a Collection, as otherwise
specified by such Obligor, as otherwise required by contract or law or unless otherwise instructed by the Collateral Agent, be applied as a Collection of any Receivable of such Obligor (starting with the oldest such Receivable) to the extent of any
amounts then due and payable thereunder before being applied to any other receivable or other obligation of such Obligor. 

Section 7.3 Collection Notices. The Collateral Agent is authorized at any time after the occurrence and during the
continuance of an Amortization Event to date and to deliver to the Collection Banks the Collection Notices. Seller hereby transfers to the Collateral Agent for the benefit of the Purchasers, effective when the Collateral Agent delivers such notice,
the exclusive ownership and control of each Lock-Box and the Collection Accounts. In case any authorized signatory of Seller whose signature appears on a Collection Account Agreement shall cease to have such authority before the delivery of such
notice, such Collection Notice shall nevertheless be valid as if such authority had remained in force. After the occurrence and during the continuance of an Amortization Event, Seller hereby authorizes the Collateral Agent, and agrees that the
Collateral Agent shall be entitled, to (i) endorse Seller’s name on checks and other instruments representing Collections and (ii) take such action as shall be necessary or desirable to cause all cash, checks and other instruments
constituting Collections of Receivables to come into the possession of the Collateral Agent rather than Seller. Following the Amortization Date, Seller hereby authorizes the Collateral Agent, and agrees that the Collateral Agent shall be entitled,
to enforce the Receivables, the related Contracts and the Related Security. 
 Section 7.4 Responsibilities of
Seller. Anything herein to the contrary notwithstanding, the exercise by the Collateral Agent and the Purchasers of their rights hereunder shall not release the Servicer, the Originator or Seller from any of their duties or obligations with
respect to any Receivables or under the related Contracts. The Purchasers shall have no obligation or liability with respect to any Receivables or related Contracts, nor shall any of them be obligated to perform the obligations of Seller.

  
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 Section 7.5 Reports. The Servicer shall prepare and forward to each Managing
Agent (a) during a Level 1 Ratings Period, a Monthly Report on each Monthly Reporting Date; (b) during a Level 2 Ratings Period, a Monthly Report on each Monthly Reporting Date and a Weekly Report on each Weekly Reporting Date and
(c) during a Level 3 Ratings Period, a Monthly Report on each Monthly Reporting Date and a Daily Report on each Business Day, in each case, accompanied by, if the Collateral Agent or any Managing Agent shall request, a listing by Obligor of all
Receivables together with an aging of such Receivables; provided, that if an Amortization Event has occurred and is continuing, the Servicer shall prepare and forward Monthly Reports, Weekly Reports and Daily Reports to each Managing
Agent at such times as each Managing Agent shall request. 
 Section 7.6 Servicing Fees. In consideration of
McKesson’s agreement to act as Servicer hereunder, the Purchasers hereby agree that, so long as McKesson shall continue to perform as Servicer hereunder, the Seller shall pay over to McKesson on each Monthly Settlement Date, in accordance with
the priority of payments set forth in Article II, a fee (the “Servicing Fee”) equal to (i) one percent (1%) of the average daily Net Receivables Balance during the preceding Collection Period, times (ii) 1/12,
as compensation for its servicing activities. 
 Section 7.7 Financial Covenant. McKesson agrees that it will, as of
the end of each calendar month, maintain a ratio of Total Debt to Total Capitalization of not greater than 0.565 to 1.00. 

ARTICLE VIII 
 AMORTIZATION EVENTS 
 Section 8.1 Amortization Events. The
occurrence of any one or more of the following events shall constitute an Amortization Event: 
 (a) Any Seller Party shall fail
(i) to make any payment or deposit required hereunder when due and, for any such payment or deposit which is not in respect of Capital, such failure continues for one (1) Business Day, or (ii) to perform or observe any term, covenant
or agreement hereunder (other than as referred to in clause (i) of this paragraph (a)) and such failure shall continue for five (5) consecutive Business Days after the earlier of written notice from the Collateral Agent or any
Managing Agent or Purchaser or actual knowledge on the part of such Seller Party of such failure. 
 (b) Any representation or
warranty made by any Seller Party in this Agreement, any other Transaction Document or in any other document delivered pursuant hereto or thereto shall prove to have been incorrect in any material respect when made or deemed made. 

(c) (i) Failure of Seller to pay any Indebtedness when due; (ii) failure of any other Seller Party or any Material Subsidiary
thereof to pay Indebtedness (other than any intercompany Indebtedness) when due in excess of $100,000,000 (“Relevant Indebtedness”) and such failure continues after the applicable grace or notice period, if any, specified in the
relevant document evidencing or governing such Indebtedness on the date of such failure; or (iii) the default by any Seller Party or any Material Subsidiary thereof in the performance of any term, provision or condition contained in any
agreement under which any Relevant Indebtedness was created or is governed (other than a default resulting solely from a change of control of a Subsidiary in connection with the acquisition thereof by McKesson or a Subsidiary thereof (other than the
Seller)), the effect of which is to cause, or to permit the holder or holders of such Indebtedness to cause, such Indebtedness to become due prior to its stated maturity; or (iv) any Relevant Indebtedness of any Seller Party shall be declared
to be due and payable or required to be prepaid (other than by a regularly scheduled payment) prior to the date of maturity thereof. 

  
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 (d) (i) Any Seller Party or any of its Material Subsidiaries shall generally not pay
its debts as such debts become due or shall admit in writing its inability to pay its debts generally or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against any Seller Party or any of its
Material Subsidiaries seeking to adjudicate it bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts under any law relating to bankruptcy, insolvency
or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for it or any substantial part of its property, and, with respect to a Seller Party or any of its
Material Subsidiaries other than the Seller, such proceeding instituted against any Seller Party or any of its Material Subsidiaries shall not be stayed, released, vacated or fully bonded within sixty (60) days after commencement, filing or
levy or (ii) any Seller Party or any of its Material Subsidiaries shall take any corporate action to authorize any of the actions set forth in clause (i) above in this subsection (d). 

(e) The aggregate Purchaser Interests shall exceed 100% and shall continue as such until the earlier of (i) one Business Day
following the date any Seller Party has actual knowledge thereof and (ii) the next Settlement Date. 
 (f) As at the end of
any calendar month, the Delinquency Ratio shall exceed 1.75%, or the Loss-to-Balance Ratio shall exceed 1.50%, or the Receivables Dilution Ratio shall exceed 10.00%. 
 (g) A Change of Control shall occur with respect to any Seller Party. 
 (h) One or
more final judgments for the payment of money shall be entered against Seller or one or more final judgments for the payment of money in excess of $25,000,000 shall be entered against any other Seller Party on claims not covered by insurance or as
to which the insurance carrier has denied its responsibility, and such judgment shall continue unsatisfied and in effect for fifteen (15) consecutive days without a stay of execution. 

(i) (1) Any “Amortization Event” or the “Amortization Date” shall occur under the Receivables Sale Agreement or
(2) the Originator shall for any reason cease to transfer, or cease to have the legal capacity to transfer, or otherwise be incapable of transferring Receivables to the Seller under the Receivables Sale Agreement. 

(j) This Agreement shall terminate in whole or in part (except in accordance with its terms), or shall cease to be effective or to be the
legally valid, binding and enforceable obligation of Seller, or any Obligor on Receivables constituting a material portion of the Receivables shall directly or indirectly contest in any manner such effectiveness, validity, binding nature or
enforceability, or the Collateral Agent for the benefit of the Purchasers shall cease to have a valid and perfected first priority security interest in the Receivables, the Related Security and the Collections with respect thereto and the Collection
Accounts. 
 Section 8.2 Remedies. 
 (a) Upon the occurrence and during the continuation of an Amortization Event, the Collateral Agent may with the consent of, and shall, upon the direction of, any Managing Agent, take any of the following
actions (with written notice to the Seller): (i) declare the Amortization Date to have occurred, whereupon the Amortization Date shall forthwith occur, without demand, protest or further notice of any kind, all of which are hereby expressly
waived by each Seller Party; provided, however, that upon the occurrence of an Amortization Event described in Section 8.1(d), or of an actual or deemed entry of an order for relief with respect to any Seller Party under
the Federal Bankruptcy Code, the Amortization Date shall automatically occur, without demand, protest or any notice of any kind, all of which are hereby 

  
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 expressly waived by each Seller Party, (ii) to the fullest extent permitted by applicable law, declare
that the Default Fee shall accrue with respect to any of the Aggregate Unpaids outstanding at such time, (iii) replace the Person then acting as Servicer and (iv) deliver the Collection Notices to the Collection Banks. 

(b) Upon the occurrence of the Amortization Date, the Collateral Agent may with the consent of, and shall, upon the direction of, any
Managing Agent (with written notice to the Seller) notify Obligors of the Purchasers’ interest in the Receivables. 
 The aforementioned
rights and remedies shall be in addition to all other rights and remedies of the Collateral Agent and the Purchasers available under this Agreement, by operation of law, at equity or otherwise, all of which are hereby expressly preserved, including,
without limitation, all rights and remedies provided under the UCC, all of which rights shall be cumulative. 
 ARTICLE IX

 INDEMNIFICATION 
 Section 9.1 Indemnities by the Seller Parties. (a) Without limiting any other rights that the Collateral Agent, any Managing Agent or any Purchaser may have hereunder or under applicable
law, (A) Seller hereby agrees to indemnify the Collateral Agent, the Managing Agents and each Purchaser and their respective assigns, officers, directors, agents and employees (each an “Indemnified Party”) from and against any
and all damages, losses, claims, taxes, liabilities, costs, expenses and for all other amounts payable, including reasonable attorneys’ fees (which attorneys may be employees of the Collateral Agent, the Managing Agents or such Purchaser) and
disbursements (all of the foregoing being collectively referred to as “Indemnified Amounts”) awarded against or incurred by any of them arising out of or as a result of this Agreement or the acquisition, either directly or
indirectly, by a Purchaser of an interest in the Receivables, and (B) the Servicer hereby agrees to indemnify each Indemnified Party for Indemnified Amounts awarded against or incurred by any of them arising out of any breach by the Servicer
(whether in its capacity as Servicer or in its capacity as Originator) of a representation, warranty, covenant or obligation made by the Servicer hereunder or under any other Transaction Document excluding, however, in all of the foregoing instances
under the preceding clauses (A) and (B): 
 (w) Indemnified Amounts to the extent a final judgment of a court
of competent jurisdiction holds that such Indemnified Amounts resulted from gross negligence or willful misconduct on the part of the Indemnified Party seeking indemnification; 

(x) Indemnified Amounts to the extent the same includes losses in respect of Receivables that are uncollectible on account of the
insolvency, bankruptcy or financial inability to pay of the related Obligor; 
 (y) taxes imposed by the jurisdiction in which
such Indemnified Party’s principal executive office is located, on or measured by the overall net income of such Indemnified Party to the extent that the computation of such taxes is consistent with the characterization for income tax purposes
of the acquisition by the Purchasers of Purchaser Interests as a loan or loans by the Purchasers to Seller secured by the Receivables, the Related Security, the Collection Accounts and the Collections; or 

(z) any claim by any Indemnified Party against another Indemnified Party; 
 provided, however, that nothing contained in this sentence shall limit the liability of any Seller Party or limit the recourse of the Purchasers to any Seller Party for amounts otherwise
specifically provided to be paid by such Seller Party under the terms of this Agreement. 

  
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 Without limiting the generality of the foregoing indemnification, Seller shall indemnify the
Collateral Agent, the Managing Agent and the Purchasers for Indemnified Amounts (including, without limitation, losses in respect of uncollectible receivables, subject to clause (x) in the preceding paragraph, but otherwise regardless of
whether reimbursement therefor would constitute recourse to Seller or the Servicer) relating to or resulting from: 
 (i) any
representation or warranty made by any Seller Party or the Originator (or any officers of any such Person) under or in connection with this Agreement, any other Transaction Document or any other information or report delivered by any such Person
pursuant hereto or thereto, which shall have been false or incorrect when made or deemed made; 
 (ii) the failure by any
Seller, the Servicer or the Originator to comply with any applicable law, rule or regulation with respect to any Receivable or Contract related thereto, or the nonconformity of any Receivable or Contract included therein with any such applicable
law, rule or regulation or any failure of the Originator to keep or perform any of its obligations, express or implied, with respect to any Contract; 
 (iii) any failure of Seller, the Servicer or the Originator to perform its duties, covenants or other obligations in accordance with the provisions of this Agreement or any other Transaction Document;

 (iv) any products liability, personal injury, damage or similar claim arising out of or in connection with merchandise,
insurance or services that are the subject of any Contract; 
 (v) any dispute, claim, offset or defense (other than discharge
in bankruptcy of the Obligor) of the Obligor to the payment of any Receivable (including, without limitation, a defense based on such Receivable or the related Contract not being a legal, valid and binding obligation of such Obligor enforceable
against it in accordance with its terms), or any other claim resulting from the sale of the merchandise or service related to such Receivable or the furnishing or failure to furnish such merchandise or services; 

(vi) the commingling of Collections of Receivables at any time with other funds; 

(vii) any investigation, litigation or proceeding related to or arising from this Agreement or any other Transaction Document, the
transactions contemplated hereby, the use of the proceeds of a purchase, the ownership of the Purchaser Interests or any other investigation, litigation or proceeding relating to Seller, the Servicer or the Originator in which any Indemnified Party
becomes involved as a result of any of the transactions contemplated hereby; 
 (viii) any inability to litigate any claim
against any Obligor in respect of any Receivable as a result of such Obligor being immune from civil and commercial law and suit on the grounds of sovereignty or otherwise from any legal action, suit or proceeding; 

(ix) any Amortization Event described in Section 8.1(d); 

(x) any failure of Seller to acquire and maintain legal and equitable title to, and ownership of any Receivable and the Related Security
and Collections with respect thereto from the Originator, free and clear of any Adverse Claim (other than as created hereunder); or any failure of Seller to give reasonably equivalent value in consideration of the transfer of any Receivable, or any
attempt by any Person to void such transfer under statutory provisions or common law or equitable action; 

  
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 (xi) any failure to vest and maintain vested in the Collateral Agent and the Purchasers, or
to transfer to the Collateral Agent and the Purchasers, legal and equitable title to, and ownership of, a first priority undivided percentage ownership interest (to the extent of the Purchaser Interests contemplated hereunder) or security interest
in the Receivables, the Related Security and the Collections, free and clear of any Adverse Claim; 
 (xii) the failure to have
filed, or any delay in filing, financing statements or other similar instruments or documents under the UCC of any applicable jurisdiction or other applicable laws with respect to any Receivable, the Related Security and Collections with respect
thereto, and the proceeds of any thereof, whether at the time of any Incremental Purchase or Reinvestment or at any subsequent time; 
 (xiii) any action or omission by any Seller Party which reduces or impairs the rights of the Collateral Agent or the Purchasers with respect to any Receivable or the value of any such Receivable; and

 (xiv) any attempt by any Person to void any Incremental Purchase or Reinvestment hereunder under statutory provisions or
common law or equitable action. 
 (b) Notwithstanding anything to the contrary in this Agreement, solely for the purposes of
determining Indemnified Amounts owing under this Section 9.1, any representation, warranty or covenant qualified by materiality or the occurrence of a Material Adverse Effect shall not be so qualified. 

Section 9.2 Increased Cost and Reduced Return. 
 (a) If any Regulatory Change, except for changes in the rate of tax on the overall net income of a Funding Source or taxes excluded by Section 9.1, (i) subjects any Funding Source to any
charge or withholding on or with respect to this Agreement or any other Funding Agreement or a Funding Source’s obligations under this Agreement or any other Funding Agreement, or on or with respect to the Receivables, or changes the basis of
taxation of payments to any Funding Source of any amounts payable under this Agreement or any other Funding Agreement or (ii) imposes, modifies or deems applicable any reserve, assessment, fee, tax, insurance charge, special deposit or similar
requirement against assets of, deposits with or for the account of, or liabilities of a Funding Source, or credit extended by a Funding Source pursuant to this Agreement or any other Funding Agreement (except the reserve requirement reflected in the
LIBO Rate) or (iii) imposes any other condition affecting this Agreement or any Funding Agreement and the result of any of the foregoing is to increase the cost to a Funding Source of performing its obligations under this Agreement or any other
Funding Agreement, or to reduce the rate of return on a Funding Source’s capital as a consequence of its obligations under this Agreement or any other Funding Agreement, or to reduce the amount of any sum received or receivable by a Funding
Source under this Agreement or any other Funding Agreement, or to require any payment calculated by reference to the amount of interests or loans held or interest received by it then, within forty five (45) days following demand therefor by the
Collateral Agent or the relevant Managing Agent, Seller shall pay, as set forth in Section 9.2(b), such amounts charged to such Funding Source or such amounts to otherwise compensate such Funding Source for such increased cost or such
reduction; provided, that (x) Seller shall only be liable for amounts in respect of increased costs or reduced returns for the period of up to ninety (90) days prior to the date on which such demand was made, (y) such Funding Source
shall have applied consistent return metrics to other similarly situated borrowers or obligors (after consideration of facility pricing, structure, usage patterns, capital treatment and relationship) with respect to such increased costs or reduced
returns and (z) to the extent that any Funding Agreement described in this Section 9.2(a) covers facilities in addition to this Agreement, each Conduit Purchaser or Funding Source, as the case may be, shall allocate the liability
for any such increased costs or reductions among Seller and other Persons with 

  
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 whom such Conduit Purchaser or Funding Source, as the case may be, has entered into agreements to purchase
interests in or finance receivables and other financial assets (“Other Customers”), and Seller shall not be liable for any such increased costs or reductions that are attributable to any Other Customer. The term “Regulatory
Change” shall mean (i) the adoption after the date hereof of any applicable law, rule or regulation (including any applicable law, rule or regulation regarding capital adequacy), or any change therein, by any governmental authority,
central bank or comparable agency charged with the interpretation or administration thereof (each, a “Regulatory Authority”), after the date hereof, (ii) any change after the date hereof in the interpretation or administration
thereof by any Regulatory Authority, or compliance with any request or directive (whether or not having the force of law) issued after the date hereof by any such Regulatory Authority, or (iii) the compliance, application or implementation,
whether commenced prior to or after the date hereof, by any Funding Source with: (a) the final rule titled Risk-Based Capital Guidelines; Capital Adequacy Guidelines; Capital Maintenance: Regulatory Capital; Impact of Modifications to
Generally Accepted Accounting Principles; Consolidation of Asset-Backed Commercial Paper Programs; and Other Related Issues, adopted by the United States bank regulatory agencies on December 15, 2009 (the “FAS 166/167 Capital
Guidelines”); (b) the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd Frank Act”); (c) the revised Basel Accord prepared by the Basel Committee on Banking Supervision as set out in the
publication titled: “International Convergence of Capital Measurements and Capital Standards: a Revised Framework,” as updated from time to time (“Basel II”); or (d) or any existing or future rules, regulations,
guidance, interpretations, requests or directives from any Regulatory Authority relating to the FAS 166/167 Capital Guidelines, the Dodd-Frank Wall Street Reform and Consumer Protection Act, or Basel II (whether or not having the force of law).

 (b) A certificate of the applicable Funding Source (or its related Managing Agent on its behalf) claiming compensation under
Section 9.2(a) shall be sent to Seller and shall be conclusive absent manifest error; provided that such certificate (i) sets forth in reasonable detail the amount or amounts payable to such Funding Source pursuant to paragraph
(a) of this Section 9.2, (ii) explains the methodology used to determine such amount and (iii) states that such amount is consistent with return metrics applied in determining amounts that such Funding Source has required
other similarly situated borrowers or obligors (after consideration of facility pricing, structure, usage patterns, capital treatment and relationship) to pay with respect to such increased costs or reduced returns. The Seller shall pay such Funding
Source (or its related Managing Agent on its behalf) the amount as due on any such certificate on the next Settlement Date following receipt of such notice. 
 (c) Each Funding Source subject to any Regulatory Change giving rise to a demand pursuant to Section 9.2(a), at the request of Seller, shall assign pursuant to Section 11.1(b) all
of its rights and obligations under this Agreement to (i) another Funding Source in such Funding Source’s Purchaser Group, which is not subject to a Regulatory Change or Consolidation Event, and the Conduit Purchasers in such Purchaser
Group shall consent to such assignment (provided that such assignee meets the requirements of Section 11.1(b)), or (ii) another financial institution selected by Seller and reasonably acceptable to Collateral Agent. 

(d) If any Funding Source (A) has or anticipates having any claim for compensation from the Seller pursuant to clause (iii) of
the definition of Regulatory Change appearing in paragraph (a) of this Section 9.2, and (B) such Funding Source reasonably determines, following consultation with Seller, that having the facility evidenced by this Agreement
publicly rated by two credit rating agencies (or, if the applicable Funding Source or its related Managing Agent reasonably determines, following consultation with Seller, that the rating of a single credit rating agency is sufficient to achieve the
same effect, by one credit rating agency) would reduce the amount of such compensation by an amount deemed by such Funding Source to be material, then, unless the facility evidenced by this Agreement already has been publicly rated by one or more
credit rating agencies, such Funding Source (or its related Managing Agent) 

  
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 shall provide written notice to the Seller and the Servicer that such Funding Source intends to request such
public rating(s) of this facility from two credit rating agencies (or one credit rating agency, as applicable) selected by such Funding Source and acceptable to the Seller in its sole discretion (the “Required Rating(s)”). The
Seller and the Servicer agree that they shall cooperate with such Funding Source’s efforts to obtain the Required Rating(s), and shall use commercially reasonable efforts to provide the applicable credit rating agencies (or credit rating
agency, as applicable), either directly or through distribution to the Collateral Agent or such Funding Source (or its related Managing Agent), any information (subject to the agreement of each applicable credit rating agency to maintain the
confidentiality of any information so provided which relates to any Obligor) requested by such credit rating agencies (or credit rating agency, as applicable) for purposes of providing and monitoring the Required Rating(s); provided that
neither failure to obtain the Required Rating(s) nor failure to have the facility rated (to the extent that Seller has acted in good faith to attempt to obtain such rating) shall constitute an Event of Default or early amortization event. The
requesting Funding Source shall pay the initial fees payable to the credit rating agencies (or credit rating agency, as applicable) for providing the rating(s) and Seller shall pay all ongoing fees payable to the credit rating agencies (or credit
rating agency, as applicable) for their continued monitoring of the rating(s). Nothing in this Section 9.2(d) shall preclude any Funding Source from demanding compensation from the Seller pursuant to Section 9.2(a) hereof at
any time and without regard to whether the Required Rating(s) shall have been obtained, or shall require any Funding Source to obtain any ratings on the facility evidenced by this Agreement prior to demanding any such compensation from the Seller;
provided, however, in demanding such compensation the applicable Funding Source shall take into account and give effect to any reduction in amounts payable under Section 9.2(a) due to the Required Rating(s) having been obtained.

 Section 9.3 Other Costs and Expenses. Seller shall pay to the Collateral Agent, the Managing Agents and the
Conduit Purchasers on demand all costs and out-of-pocket expenses in connection with the preparation, execution, delivery and administration of this Agreement, the transactions contemplated hereby and the other documents to be delivered hereunder,
including without limitation, all rating agency fees, costs and expenses incurred by any Conduit Purchaser or Managing Agent, the cost of the Conduit Purchasers’ auditors auditing the books, records and procedures of Seller, reasonable fees and
out-of-pocket expenses of legal counsel for the Conduit Purchasers, the Managing Agents and the Collateral Agent (which such counsel may be employees of the Conduit Purchasers, the Managing Agents or the Collateral Agent) with respect thereto and
with respect to advising the Conduit Purchasers, the Managing Agents and the Collateral Agent as to their respective rights and remedies under this Agreement. Seller shall pay to the Collateral Agent or the relevant Managing Agent, within ten
(10) days following demand therefor, any and all costs and expenses of the Collateral Agent, the Managing Agents and the Purchasers, if any, including reasonable counsel fees and expenses in connection with the enforcement of this Agreement and
the other documents delivered hereunder and in connection with any restructuring or workout of this Agreement or such documents, or the administration of this Agreement following an Amortization Event. 

Section 9.4 Withholding Tax Exemption. 
 (a) At least five (5) Business Days prior to the first date on which any amount is payable hereunder for the account of any Purchaser, each Purchaser that is not a “United States person”
for United States federal income tax purposes agrees that it will deliver to each of Seller and the related Purchaser Group Managing Agent two duly completed and originally executed copies of United States Internal Revenue Service Form W-8BEN,
W-8ECI or W-8IMY with all necessary attachments or applicable successor forms, certifying in each case that such Purchaser is entitled to receive payments under this Agreement without deduction or withholding of any United States federal income
taxes. Each such Purchaser further undertakes to deliver to each of Seller and the related Managing Agent two additional copies of such form (or a successor form) on or before the date that such form expires or becomes 

  
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 obsolete or after the occurrence of any event requiring a change in the most recent forms so delivered by
it, and such amendments thereto or extensions or renewals thereof as may be reasonably requested by Seller or the related Managing Agent, in each case certifying that such Purchaser is entitled to receive payments under this Agreement without
deduction or withholding of any United States federal income taxes, unless any change in any treaty, law or regulation has occurred prior to the date on which any such delivery would otherwise be required which renders all such forms inapplicable or
which prevents such Purchaser from duly completing and delivering any such form with respect to it and such Purchaser advises Seller and the related Managing Agent that it is not capable of receiving payments without any deduction or withholding of
United States federal income tax. 
 (b) Each Purchaser that is not a “United States person” for U.S. federal income
tax purposes agrees to indemnify and hold Seller, the Managing Agents and the Collateral Agent harmless in respect of any loss, cost or expense incurred by Seller, any Managing Agent or the Collateral Agent as a result of, and agrees that,
notwithstanding any other provision hereof, payments hereunder to such Purchaser may be subject to deduction or withholding without indemnification by Seller for any United States federal income taxes, penalties, interest and other costs and losses
incurred or payable by Seller, any Managing Agent or the Collateral Agent as a result of, (i) such Purchaser’s failure to submit any form that is required pursuant to this Section 9.4 or (ii) Seller’s, any Managing
Agent’s or the Collateral Agent’s reliance on any form that such Purchaser has provided pursuant to this Section 9.4 that is determined to be inaccurate in any material respect. 

ARTICLE X 

THE AGENTS 

Section 10.1 Authorization and Action. Each Purchaser hereby designates and appoints JPMorgan Chase to act as its agent
hereunder and under each other Transaction Document, and authorizes the Collateral Agent and its related Managing Agent to take such actions as agent on its behalf and to exercise such powers as are delegated to the Collateral Agent or such Managing
Agent by the terms of this Agreement and the other Transaction Documents together with such powers as are reasonably incidental thereto. Neither the Collateral Agent nor any Managing Agent shall have any duties or responsibilities, except those
expressly set forth herein or in any other Transaction Document, or any fiduciary relationship with any Purchaser, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on the part of the Collateral Agent or the
Managing Agents shall be read into this Agreement or any other Transaction Document or otherwise exist for the Collateral Agent or the Managing Agents. In performing their respective functions and duties hereunder and under the other Transaction
Documents, (i) the Collateral Agent shall act solely as agent for the Purchasers, (ii) each Managing Agent shall act solely as agent for the Conduit Purchasers and Committed Purchasers in the related Purchaser Group and (iii) neither
the Collateral Agent nor any Managing Agent shall be deemed to have assumed any obligation or relationship of trust or agency with or for any Seller Party or any of such Seller Party’s successors or assigns. Neither the Collateral Agent nor any
Managing Agent shall be required to take any action that exposes the Collateral Agent or the Managing Agents to personal liability or that is contrary to this Agreement, any other Transaction Document or applicable law. The appointment and authority
of the Collateral Agent and the Managing Agents hereunder shall terminate upon the indefeasible payment in full of all Aggregate Unpaids. Each Purchaser hereby authorizes the Collateral Agent and each Managing Agent, as applicable, to execute each
of the Uniform Commercial Code financing statements, this Agreement and such other Transaction Documents as may require the Collateral Agent’s or a Managing Agent’s signature on behalf of such Purchaser (the terms of which shall be binding
on such Purchaser). 
 Section 10.2 Delegation of Duties. The Collateral Agent and the Managing Agents may execute
any of their respective duties under this Agreement and each other Transaction Document by or 

  
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 through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters
pertaining to such duties. Neither the Collateral Agent nor any Managing Agent shall be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care. 

Section 10.3 Exculpatory Provisions. None of the Collateral Agent, the Managing Agents or any of their respective directors,
officers, agents or employees shall be (i) liable for any action lawfully taken or omitted to be taken by it or them under or in connection with this Agreement or any other Transaction Document (except for its, their or such Person’s own
gross negligence or willful misconduct), or (ii) responsible in any manner to any of the Purchasers for any recitals, statements, representations or warranties made by any Seller Party contained in this Agreement, any other Transaction Document
or any certificate, report, statement or other document referred to or provided for in, or received under or in connection with, this Agreement, or any other Transaction Document or for the value, validity, effectiveness, genuineness, enforceability
or sufficiency of this Agreement, or any other Transaction Document or any other document furnished in connection herewith or therewith, or for any failure of any Seller Party to perform its obligations hereunder or thereunder, or for the
satisfaction of any condition specified in Article V, or for the perfection, priority, condition, value or sufficiency of any collateral pledged in connection herewith. Neither the Collateral Agent nor any Managing Agent shall be under any
obligation to any Purchaser to ascertain or to inquire as to the observance or performance of any of the agreements or covenants contained in, or conditions of, this Agreement or any other Transaction Document, or to inspect the properties, books or
records of the Seller Parties. Neither the Collateral Agent nor any Managing Agent shall be deemed to have knowledge of any Amortization Event or Potential Amortization Event unless the Collateral Agent or such Managing Agent, as applicable, has
received notice from Seller or a Purchaser. 
 Section 10.4 Reliance by Agents. The Collateral Agent and the
Managing Agents shall in all cases be entitled to rely, and shall be fully protected in relying, upon any 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, without limitation, counsel to Seller), independent accountants and other experts selected by the Collateral Agent or any Managing Agent. The Collateral Agent and the Managing Agents shall in
all cases be fully justified in failing or refusing to take any action under this Agreement or any other Transaction Document unless it shall first receive such advice or concurrence of the Conduit Purchasers or the Required Committed Purchasers or
all of the Purchasers, as applicable, as they deem appropriate and they shall first be indemnified to their satisfaction by the Purchasers, provided that unless and until the Collateral Agent or any Managing Agent shall have received such
advice, the Collateral Agent or such Managing Agent may take or refrain from taking any action, as the Collateral Agent or such Managing Agent shall deem advisable and in the best interests of the Purchasers. The Collateral Agent and the Managing
Agents shall in all cases be fully protected in acting, or in refraining from acting, in accordance with a request of the related Conduit Purchasers or the Required Committed Purchasers or all of the Purchasers, as applicable, and such request and
any action taken or failure to act pursuant thereto shall be binding upon all the Purchasers. 
 Section 10.5
Non-Reliance on Agents and Other Purchasers. Each Purchaser expressly acknowledges that none of the Collateral Agent, the Managing Agents or any of their respective officers, directors, employees, agents, attorneys-in-fact or affiliates has
made any representations or warranties to it and that no act by the Collateral Agent or any Managing Agent hereafter taken, including, without limitation, any review of the affairs of any Seller Party, shall be deemed to constitute any
representation or warranty by the Collateral Agent or such Managing Agent. Each Purchaser represents and warrants to the Collateral Agent and the Managing Agents that it has and will, independently and without reliance upon the Collateral Agent, any
Managing Agent or any other Purchaser and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, operations, property, prospects, financial and other conditions and
creditworthiness of Seller and made its own decision to enter into this Agreement, the other Transaction Documents and all other documents related hereto or thereto. 

  
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 Section 10.6 Reimbursement and Indemnification. The Committed Purchasers agree
to reimburse and indemnify the Collateral Agent and its respective officers, directors, employees, representatives and agents ratably according to their Pro Rata Shares, to the extent not paid or reimbursed by the Seller Parties (i) for any
amounts for which the Collateral Agent, acting in its capacity as Collateral Agent, is entitled to reimbursement by the Seller Parties hereunder and (ii) for any other expenses incurred by the Collateral Agent, in its capacity as Collateral
Agent, in connection with the administration and enforcement of this Agreement and the other Transaction Documents. The Committed Purchasers in each Purchaser Group agree to reimburse and indemnify the related Managing Agent and its respective
officers, directors, employees, representatives and agents ratably according to their Commitments, to the extent not paid or reimbursed by the Seller Parties (i) for any amounts for which such Managing Agent, acting in its capacity as Managing
Agent, is entitled to reimbursement by the Seller Parties hereunder and (ii) for any other expenses incurred by such Managing Agent, in its capacity as Managing Agent, in connection with the administration and enforcement of this Agreement and
the other Transaction Documents. 
 Section 10.7 Agents in their Individual Capacities. The Collateral Agent, each
Managing Agent and each of its respective Affiliates may make loans to, accept deposits from and generally engage in any kind of business with Seller or any Affiliate of Seller as though it were not the Collateral Agent or a Managing Agent
hereunder. With respect to the acquisition of Purchaser Interests pursuant to this Agreement, the Collateral Agent and each Managing Agent shall have the same rights and powers under this Agreement in its individual capacity as any Purchaser and may
exercise the same as though it were not the Collateral Agent or a Managing Agent, and the terms “Committed Purchaser,” “Purchaser,” “Committed Purchasers” and “Purchasers” shall
include the Collateral Agent and each Managing Agent in its individual capacity. 
 Section 10.8 Successor Agent.
The Collateral Agent and each Managing Agent may, upon five (5) days’ notice to Seller and the Purchasers, and the Collateral Agent or any Managing Agent will, upon the direction of all of the Purchasers (other than such Collateral Agent
or Managing Agent, in its individual capacity, as applicable) resign as Collateral Agent or Managing Agent, as applicable. If the Collateral Agent or a Managing Agent shall resign, then the Required Committed Purchasers, in the case of the
Collateral Agent, or the Committed Purchasers of the related Purchaser Group, in the case of a Managing Agent during such five-day period shall appoint from among the Committed Purchasers, in the case of the Collateral Agent, or the Committed
Purchasers of the related Purchaser Group, in the case of a Managing Agent, a successor agent. If for any reason no successor agent is appointed by the Required Committed Purchasers, in the case of the Collateral Agent, or the Committed Purchasers
of the related Purchaser Group, in the case of a Managing Agent, during such five-day period, then effective upon the termination of such five-day period, the Committed Purchasers, in the case of the Collateral Agent, and the Committed Purchasers of
the related Purchaser Group, in the case of a Managing Agent, shall perform all of the duties of the Collateral Agent or the applicable Managing Agent hereunder and under the other Transaction Documents and Seller and the Servicer (as applicable)
shall make all payments in respect of the Aggregate Unpaids directly to the applicable Purchasers and for all purposes shall deal directly with the Purchasers. After the effectiveness of any retiring Collateral Agent’s or Managing Agent’s
resignation hereunder as Collateral Agent or Managing Agent, as applicable, the retiring Collateral Agent or Managing Agent shall be discharged from its duties and obligations hereunder and under the other Transaction Documents and the provisions of
this Article X and Article IX shall continue in effect for its benefit with respect to any actions taken or omitted to be taken by it while it was Collateral Agent or Managing Agent under this Agreement and under the other Transaction
Documents. 

  
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 Section 10.9 Collateral Agent as Secured Party Representative. The parties
hereto acknowledge that the Collateral Agent has been granted a collateral assignment of, and security interest in, all of Seller’s rights under the Receivables Sale Agreement, including without limitation its rights as secured party or buyer
with respect to assets transferred or pledged thereunder. In connection with such assignment, Seller hereby authorizes the Collateral Agent to be named as secured party of record, on Seller’s behalf and as Seller’s secured party
representative, with respect to all UCC financing statements filed in connection with the Receivables Sale Agreement. Collateral Agent hereby acknowledges and agrees that it is acting as Seller’s secured party representative for purposes of
perfection in being named as secured party of record on such financing statements. 
 ARTICLE XI 

ASSIGNMENTS; PARTICIPATIONS 
 Section 11.1 Assignments. 
 (a) Seller and each Committed Purchaser
hereby agree and consent to the complete or partial assignment by each Conduit Purchaser of all or any portion of its rights under, interest in, title to and obligations under this Agreement (i) to the related Committed Purchasers pursuant to
this Agreement or pursuant to a Liquidity Agreement, (ii) to any other issuer of commercial paper notes sponsored or administered by the Managing Agent of such Conduit’s Purchaser Group and with a rating of at least A-1/P-1 or
(iii) to any other Person; provided that, prior to the occurrence of an Amortization Event, such Conduit Purchaser may not make any such assignment pursuant to this clause (iii), except in the event that the circumstances described in
Section 11.1(c) occur, without the consent of Seller (which consent shall not be unreasonably withheld or delayed), and upon such assignment, such Conduit Purchaser shall be released from its obligations so assigned. Further, Seller and
each Committed Purchaser hereby agree that any assignee of any Conduit Purchaser of this Agreement or all or any of the Purchaser Interests of such Conduit Purchaser shall have all of the rights and benefits under this Agreement as if the term
“Conduit Purchaser” explicitly referred to such party, and no such assignment shall in any way impair the rights and benefits of such Conduit Purchaser hereunder. Neither Seller nor the Servicer shall have the right to assign its
rights or obligations under this Agreement. 
 (b) Any Committed Purchaser may, at any time and from time to time, assign to one
or more Persons (“Purchasing Committed Purchasers”) all or any part of its rights and obligations under this Agreement pursuant to an assignment agreement, substantially in the form set forth in Exhibit VI hereto (the
“Assignment Agreement”) executed by such Purchasing Committed Purchaser and such selling Committed Purchaser. The consent of the Conduit Purchaser or Conduit Purchasers in such Committed Purchaser’s Purchaser Group, if any,
shall be required prior to the effectiveness of any such assignment. The selling Committed Purchaser will consult with the Seller regarding the suitability of the Purchasing Committed Purchaser prior to the effectiveness of any assignment pursuant
to this Section 11.1(b) and, so long as the Seller’s response is not unreasonably withheld or delayed, such Committed Purchaser will use commercially reasonable efforts to accommodate the Seller’s preferences and, if the Seller
timely solicits a commitment from an eligible assignee on terms that are not disadvantageous to the assigning Committed Purchaser, such Committed Purchaser will accommodate the Seller’s request. Each assignee of a Committed Purchaser which is a
member of a Purchaser Group which has a Conduit Purchaser as a member must have a short-term debt rating from S&P and Moody’s equal to or greater than the ratings required in order to maintain the rating of the commercial paper issued by
the related Conduit Purchaser (the “Required Ratings”). Upon delivery of the executed Assignment Agreement to the Collateral Agent, such selling Committed Purchaser shall be released from its obligations hereunder to the extent of
such assignment. Thereafter the Purchasing Committed Purchaser shall for all purposes be a Committed Purchaser party to this Agreement and shall have all the rights and obligations of a Committed Purchaser under this Agreement to the same extent as
if it were an original party hereto and no further consent or action by Seller, the Purchasers or the Collateral Agent shall be required. 

  
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 (c) Each of the Committed Purchasers that is (i) not a Conduit Purchaser and
(ii) a member of a Purchaser Group that has a Conduit Purchaser as a member, agrees that in the event that it shall cease to have the Required Ratings (an “Affected Committed Purchaser”), such Affected Committed Purchaser shall
be obliged, at the request of the Conduit Purchasers in such Committed Purchaser’s Purchaser Group or the applicable Managing Agent, to assign all of its rights and obligations hereunder to (x) another Committed Purchaser or
(y) another funding entity nominated by such Managing Agent and acceptable to such affected Conduit Purchasers, and willing to participate in this Agreement through the Facility Termination Date in the place of such Affected Committed
Purchaser; provided, that the Affected Committed Purchaser receives payment in full, pursuant to an Assignment Agreement, of an amount equal to such Committed Purchaser’s Pro Rata Share of the Aggregate Capital and Yield owing to the
Committed Purchasers and all accrued but unpaid fees and other costs and expenses payable in respect of its Pro Rata Share of the Purchaser Interests of the Committed Purchasers. 

Section 11.2 Participations. Any Committed Purchaser may, in the ordinary course of its business at any time sell to one or
more Persons (each a “Participant”) participating interests in its Pro Rata Share of the Purchaser Interests of the Committed Purchasers or any other interest of such Committed Purchaser hereunder. The selling Committed Purchaser
will consult with the Seller regarding the suitability of each Participant prior to the effectiveness of any participation pursuant to this Section 11.2 and, so long as the Seller’s response is not unreasonably withheld or delayed,
such Committed Purchaser will use commercially reasonable efforts to accommodate the Seller’s preferences, and, if the Seller timely solicits a commitment from an eligible Participant on terms that are not disadvantageous to the selling
Committed Purchaser, such Committed Purchaser will accommodate the Seller’s request. Notwithstanding any such sale by a Committed Purchaser of a participating interest to a Participant, such Committed Purchaser’s rights and obligations
under this Agreement shall remain unchanged, such Committed Purchaser shall remain solely responsible for the performance of its obligations hereunder, and Seller, the Servicer, the Conduit Purchasers, the Managing Agents and the Collateral Agent
shall continue to deal solely and directly with such Committed Purchaser in connection with such Committed Purchaser’s rights and obligations under this Agreement. No Participant shall have rights greater than those of the related Committed
Purchaser. Each Committed Purchaser agrees that any agreement between such Committed Purchaser and any such Participant in respect of such participating interest shall not restrict such Committed Purchaser’s right to agree to any amendment,
supplement, waiver or modification to this Agreement, except for any amendment, supplement, waiver or modification described in Section 11.1(b)(i). 
 Section 11.3 Additional Purchaser Groups; Joinder by Conduit Purchaser. 
 (a) Upon the Seller’s request, an additional Purchaser Group may be added to this Agreement at any time by the execution and delivery of a joinder agreement, substantially in the form set forth in
Exhibit VII hereto (a “Joinder Agreement”) by the members of such proposed additional Purchaser Group, the Seller, the Servicer and the Collateral Agent, which execution and delivery shall not be unreasonably refused by such
parties. Upon the effective date of such Joinder Agreement, (i) each Person specified therein as a “New Conduit Purchaser” shall become a party hereto as a Conduit Purchaser, entitled to the rights and subject to the obligations of a
Conduit Purchaser hereunder, (ii) each Person specified therein as a “New Committed Purchaser” shall become a party hereto as a Committed Purchaser, entitled to the rights and subject to the obligations of a Committed Purchaser
hereunder, (iii) each Person specified therein as a “New Managing Agent” shall become a party hereto as a Managing Agent, entitled to the rights and subject to the obligations of a Managing Agent hereunder and (iv) the Purchase
Limit shall be increased, if appropriate, by an amount which is equal to (x) the aggregate 

  
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 Commitments of the New Committed Purchasers party to such Joinder Agreement. On or prior to the effective
date of such Joinder Agreement, the Seller, each new Purchaser and the new Managing Agent shall enter into a Fee Letter for purposes of setting forth the fees payable to the members of such Purchaser Group in connection with this Agreement.

 (b) Any Purchaser Group may add a Conduit Purchaser member at any time by the execution and delivery of a Joinder Agreement
by such proposed Conduit Purchaser, the other members of such Purchaser Group, the Seller, the Servicer and the Collateral Agent, which execution and delivery shall not be unreasonably refused by such parties. Upon the effective date of such Joinder
Agreement, each Person specified therein as a “New Conduit Purchaser” shall become a party hereto as a Conduit Purchaser, entitled to the rights and subject to the obligations of a Conduit Purchaser hereunder. 

Section 11.4 Extension of Facility Termination Date. The Seller may advise any Managing Agent in writing of its desire to
extend the Facility Termination Date for an additional period not exceeding 364 days, provided such request is made not more than 90 days prior to, and not less than 60 days prior to, the then current Facility Termination Date. Each Managing Agent
so advised by the Seller shall promptly notify each Committed Purchaser in its related Purchaser Group of any such request and each such Committed Purchaser shall notify its related Managing Agent, the Collateral Agent and the Seller of its decision
to accept or decline the request for such extension no later than 30 days prior to the then current Facility Termination Date (it being understood that each Committed Purchaser may accept or decline such request in its sole discretion and on such
terms as it may elect, and the failure to so notify its Managing Agent, the Collateral Agent and the Seller shall be deemed an election not to extend by such Committed Purchaser). In the event that at least one Committed Purchaser agrees to extend
the Facility Termination Date, the Seller Parties, the Collateral Agent, the extending Committed Purchasers and the applicable Managing Agent or Managing Agents shall enter into such documents as such extending Committed Purchasers may deem
necessary or appropriate to reflect such extension, and all reasonable costs and expenses incurred by such Committed Purchasers, the Managing Agents and the Collateral Agent (including reasonable attorneys’ fees) shall be paid by the Seller. In
the event that any Committed Purchaser (a) declines the request to extend the Facility Termination Date or (b) is in a Purchaser Group with respect to which the Seller did not seek an extension of the Facility Termination Date (each such
Committed Purchaser being referred to herein as a “Non-Renewing Committed Purchaser”), and, in the case of a Non-Renewing Committed Purchaser described in clause (a), the Commitment of such Non-Renewing Committed Purchaser is not
assigned to another Person in accordance with the terms of this Article XI prior to the then current Facility Termination Date, the Purchase Limit shall be reduced by an amount equal to each such Non-Renewing Committed Purchaser’s
Commitment on the then current Facility Termination Date. 
 Section 11.5 Terminating Committed Purchasers.

 (a) Any Affected Committed Purchaser or Non-Renewing Committed Purchaser which has not assigned its rights and obligations
hereunder if requested pursuant to this Article XI shall be a “Terminating Committed Purchaser” for purposes of this Agreement as of the then current Facility Termination Date (or, in the case of any Affected Committed
Purchaser, such earlier date as declared by the Conduit Purchaser in such Affected Committed Purchaser’s Purchaser Group). If an Amortization Event has occurred, and the Committed Purchasers in a Purchaser Group have voted or otherwise
determined to declare an Amortization Date, but the Committed Purchasers in the other Purchaser Groups have voted or otherwise determined not to declare an Amortization Date, then the Committed Purchasers in such Purchaser Group (and each Conduit
Purchaser in such Purchaser Group that has any Capital outstanding at such time) may, upon written notice to the Servicer, the Seller and the Collateral Agent, elect to become, and shall become, Terminating Committed Purchasers effective on the date
specified in such notice, which shall be a date no less than three (3) Business Days after the date such notice is received by the Servicer, the Seller and the Collateral Agent. 

  
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 (b) Each Terminating Committed Purchaser shall be allocated, in accordance with
Section 2.2, a ratable portion of Collections according to its respective Termination Percentage from the date of its becoming a Terminating Committed Purchaser (the “Termination Date”) until such Terminating Committed
Purchaser’s Capital shall be paid in full. Each Terminating Committed Purchaser’s Termination Percentage shall remain constant prior to the Amortization Date. On and after the Amortization Date, each Termination Percentage shall be
disregarded, and each Terminating Committed Purchaser’s Capital shall be reduced ratably with all Committed Purchasers in accordance with Section 2.3. 
 (c) On the date any Committed Purchaser becomes a Terminating Committed Purchaser, the Commitment of such Committed Purchaser shall terminate and the Purchase Limit shall be reduced by an amount equal to
such Committed Purchaser’s Commitment. Upon reduction to zero of the Capital of all of the Purchaser Interests of a Terminating Committed Purchaser (after application of Collections thereto pursuant to Sections 2.2 and 2.4) all
rights and obligations of such terminating Committed Purchaser hereunder shall be terminated and such terminating Committed Purchaser shall no longer be a “Committed Purchaser” hereunder; provided, however, that the
provisions of Article IX shall continue in effect for its benefit with respect to Purchaser Interests or the Commitment held by such Terminating Committed Purchaser prior to its termination as a Committed Purchaser. 

ARTICLE XII 

MISCELLANEOUS 
 Section 12.1 Waivers and Amendments. 
 (a) No failure or delay on the
part of the Collateral Agent, the Managing Agents or any Purchaser in exercising any power, right or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy preclude
any other further exercise thereof or the exercise of any other power, right or remedy. The rights and remedies herein provided shall be cumulative and nonexclusive of any rights or remedies provided by law. Any waiver of this Agreement shall be
effective only in the specific instance and for the specific purpose for which given. 
 (b) No provision of this Agreement may
be amended, supplemented, modified or waived except in writing in accordance with the provisions of this Section 12.1(b). The Conduit Purchasers, Seller, the Servicer, the Managing Agents and the Collateral Agent, at the direction of the
Required Committed Purchasers, may enter into written modifications or waivers of any provisions of this Agreement, provided, however, that no such modification or waiver shall: 

(i) without the consent of each affected Purchaser, (A) extend the Facility Termination Date or the date of any payment or deposit
of Collections by Seller or the Servicer, (B) reduce the rate or extend the time of payment of Yield (or any component thereof), (C) reduce any fee payable to the Collateral Agent or the Managing Agents for the benefit of the Purchasers,
(D) except pursuant to Article XI hereof, change the amount of the Capital of any Purchaser, any Committed Purchaser’s Pro Rata Share (except as may be required pursuant to a Conduit Purchaser’s Liquidity Agreement) or any
Committed Purchaser’s Commitment, (E) amend, modify or waive any provision of the definition of Required Committed Purchasers or this Section 12.1(b), (F) consent to or permit the assignment or transfer by Seller of any of
its rights and obligations under this Agreement, (G) change the definition of “Concentration Limit,” “Defaulted Receivables,” “Default Proxy Ratio,” “Delinquency 

  
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 Ratio,” “Delinquent Receivable,” “Discount and Servicing Fee Reserve,”
“Dilution Horizon Ratio,” “Dilution Reserve,” “Dilution Reserve Ratio,” “Dilution Ratio,” “Eligible Receivable,” “Loss Horizon Ratio,” “Loss Reserve,” “Loss Reserve
Ratio,” “Loss-to-Balance Ratio,” or “Receivables Dilution Ratio” or (H) amend or modify any defined term (or any defined term used directly or indirectly in such defined term) used in clauses (A) through
(G) above in a manner that would circumvent the intention of the restrictions set forth in such clauses; or 
 (ii)
without the written consent of any then Collateral Agent or Managing Agent, amend, modify or waive any provision of this Agreement if the effect thereof is to affect the rights or duties of such Collateral Agent or Managing Agent, as applicable.

 Notwithstanding the foregoing, (i) without the consent of the Committed Purchasers, the Collateral Agent may, with the consent of
Seller, amend this Agreement solely to add additional Persons as Committed Purchasers hereunder and (ii) the Collateral Agent, the Required Committed Purchasers and the Conduit Purchasers may enter into amendments to modify any of the terms or
provisions of Article X, Article XI and Section 12.13 or any other provision of this Agreement without the consent of Seller, provided that such amendment has no negative impact upon Seller. Any modification or waiver made
in accordance with this Section 12.1 shall apply to each of the Purchasers equally and shall be binding upon Seller, the Purchasers, the Managing Agents and the Collateral Agent. 

Section 12.2 Notices. Except as provided below, all communications and notices provided for hereunder shall be in writing
(including bank wire, telecopy or electronic facsimile transmission or similar writing) and shall be given to the other parties hereto at their respective addresses or facsimile numbers set forth below: 

If to the Seller: 
 CGSF Funding Corporation 
 One Post Street 

San Francisco, California 94104 
 Fax: (415) 983-9369 
 If to the Servicer: 

McKesson Corporation 
 One Post Street 
 San Francisco, California 94104 

Fax: (415) 983-9369 
 If to the Collateral Agent: 
 JPMorgan Chase Bank, N.A.

 Asset Backed Securities 

10 South Dearborn Street 
 Suite IL1-0079 
 Chicago, IL 60670 

Fax: (312) 732-4487 
 If to any Managing Agent: 
 The address set forth on Schedule B
hereto 

  
 37 

 If to any Purchaser: 

The address of the related Managing Agent set forth on Schedule B hereto 
 or, in each case, at such other address or telecopy number as such Person may hereafter specify for the purpose of notice to each of the other parties hereto. Each such notice or other communication shall
be effective (i) if given by telecopy, upon the receipt thereof, (ii) if given by mail, three (3) Business Days after the time such communication is deposited in the mail with first class postage prepaid or (iii) if given by any
other means, when received at the address specified in this Section 12.2. Seller hereby authorizes the Collateral Agent to effect purchases and Tranche Period and Discount Rate selections based on telephonic notices made by any Person
whom the Collateral Agent in good faith believes to be acting on behalf of Seller. Seller agrees to deliver promptly to the Collateral Agent a written confirmation of each telephonic notice signed by an authorized officer of Seller; however, the
absence of such confirmation shall not affect the validity of such notice. If the written confirmation differs from the action taken by the Collateral Agent, the records of the Collateral Agent shall govern absent manifest error. 

Section 12.3 Ratable Payments. If any Purchaser, whether by setoff or otherwise, has payment made to it with respect to any
portion of the Aggregate Unpaids owing to such Purchaser (other than payments received pursuant to Section 9.2 or 9.3) in a greater proportion than that received by any other Purchaser entitled to receive a ratable share of such
Aggregate Unpaids, such Purchaser agrees, promptly upon demand, to purchase for cash without recourse or warranty a portion of such Aggregate Unpaids held by the other Purchasers so that after such purchase each Purchaser will hold its ratable
proportion of such Aggregate Unpaids; provided that if all or any portion of such excess amount is thereafter recovered from such Purchaser, such purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without
interest. 
 Section 12.4 Protection of Ownership Interests of the Purchasers. 

(a) Seller agrees that from time to time, at its expense, it will promptly execute and deliver all instruments and documents, and take
all actions, that may be necessary or desirable, or that the Collateral Agent may reasonably request, to perfect, protect or more fully evidence the Purchaser Interests, or to enable the Collateral Agent or the Purchasers to exercise and enforce
their rights and remedies hereunder. At any time following the occurrence of the Amortization Date resulting from an Amortization Event, the Collateral Agent may, or the Collateral Agent may direct Seller or the Servicer to, notify the Obligors of
Receivables, at Seller’s expense, of the ownership or security interests of the Purchasers under this Agreement and after the occurrence and during the continuance of an Amortization Event, may also direct that payments of all amounts due or
that become due under any or all Receivables be made directly to the Collateral Agent or its designee. Seller or the Servicer (as applicable) shall, at any Purchaser’s request, withhold the identity of such Purchaser in any such notification.

 (b) If any Seller Party fails to perform any of its obligations hereunder, the Collateral Agent or any Purchaser may (but
shall not be required to) perform, or cause performance of, such obligation, and the Collateral Agent’s or such Purchaser’s costs and expenses incurred in connection therewith shall be payable by Seller as provided in
Section 9.3. Each Seller Party irrevocably authorizes the Collateral Agent at any time and from time to time in the sole discretion of the Collateral Agent, and appoints the Collateral Agent as its attorney-in-fact, to act on behalf of
such Seller Party (i) to execute on behalf of Seller as debtor and to file financing statements necessary or desirable in the Collateral Agent’s sole discretion to perfect and to maintain the perfection and priority of the interest of the
Purchasers in the Receivables (which financing statements may include a description of collateral consistent with Section 12.14(b) or may contain an indication or description of collateral that describes such property in any other manner as the
Collateral Agent may determine, in its sole discretion, is necessary, advisable or prudent to 

  
 38 

 ensure that the perfection of the interests of the Collateral Agent therein, including, without limitation,
describing such property as “all assets of the Debtor whether now owned or hereafter acquired and wheresoever located, including all accessions thereto and proceeds thereof” or words of similar effect) and (ii) to file a carbon,
photographic or other reproduction of this Agreement or any financing statement with respect to the Receivables as a financing statement in such offices as the Collateral Agent in its sole discretion deems necessary or desirable to perfect and to
maintain the perfection and priority of the interests of the Purchasers in the Receivables. This appointment is coupled with an interest and is irrevocable. 
 Section 12.5 Confidentiality. 
 (a) Each Seller Party and each
Purchaser shall maintain and shall cause each of its employees and officers to maintain the confidentiality of this Agreement and the other confidential proprietary information with respect to the Collateral Agent, the Managing Agent and the Conduit
Purchasers and their respective businesses obtained by it or them in connection with the structuring, negotiating and execution of the transactions contemplated herein, except that such Seller Party and such Purchaser and its officers and employees
may disclose such information to such Seller Party’s and such Purchaser’s external accountants and attorneys and as required pursuant to any law, rule, regulation, direction, request or order of any judicial, administrative or regulatory
authority or proceedings (whether or not having the force or effect of law). 
 (b) The Collateral Agent, each Managing Agent
and each Purchaser shall maintain and shall cause each of its employees and officers to maintain the confidentiality of any material nonpublic information with respect to the Seller Parties (the “Information”); provided,
that each Seller Party hereby consents to the disclosure of Information (i) to the Collateral Agent, the Managing Agents, the Committed Purchasers or the Conduit Purchasers by each other and (ii) by the Collateral Agent, any
Managing Agent or any Purchaser to: (A) any prospective or actual assignee or participant of any of them, provided, that each such Person has been informed of the confidential nature of such Information and has agreed, pursuant to
an agreement containing provisions substantially similar to this Section, to keep such Information confidential, (B) any rating agency then rating the Commercial Paper of any Conduit Purchaser and any nationally recognized statistical rating
organization in compliance with Rule 17g-5 under the Securities Exchange Act of 1934, as amended (or to any other rating agency in compliance with any similar rule or regulation in any relevant jurisdiction, provided that such other rating agency is
bound by confidentiality obligations no less stringent than those required under such Rule 17g-5), (C) any Commercial Paper dealer or provider of a surety, guaranty or credit or liquidity enhancement to a Conduit Purchaser or any entity
organized for the purpose of purchasing, or making loans secured by, financial assets for which any Managing Agent or one of its Affiliates acts as the administrator, administrative agent or collateral agent, provided, that each such
Person has been informed of the confidential nature of such Information and has agreed to keep such Information confidential, (D) any officers, directors, employees, outside accountants and attorneys of the Collateral Agent, any Managing Agent
or any Purchaser (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), or (E) pursuant to any law, rule,
regulation, direction, request or order of any judicial, administrative or regulatory authority or proceedings (whether or not having the force or effect of law); provided, that to the extent permitted by applicable law or regulation,
each of the Collateral Agent, each Managing Agent and each Purchaser agrees to notify the Seller Parties prior to (if reasonably practicable) or concurrently with its disclosure of such Information pursuant to Section 12.5(b)(i)(A) or
Section 12.5(b)(i)(E) of this Agreement. Each of the Collateral Agent, each Managing Agent and each Purchaser acknowledges that it has developed compliance procedures regarding the use of material nonpublic information in accordance with
applicable law, including United States federal and state securities laws. 

  
 39 

 Section 12.6 Bankruptcy Petition. Each of Seller, the Servicer, the Collateral
Agent, the Managing Agents and each Committed Purchaser hereby covenants and agrees that, prior to the date that is one year and one day after the payment in full of all outstanding senior Indebtedness of a Conduit Purchaser, it will not institute
against, or join any other Person in instituting against, such Conduit Purchaser, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar proceeding under the laws of the United States or any state of the
United States. 
 Section 12.7 Limitation of Liability; Limitation of Payment; No Recourse. 

(a) Notwithstanding any provisions contained in this Agreement or any other Transaction Document to the contrary, no Conduit Purchaser
shall be obligated to pay any amount pursuant to this Agreement or any other Transaction Document unless such Conduit Purchaser has excess cash flow from operations or has received funds which may be used to make such payment and which funds or
excess cash flow are not required to repay any of such Conduit Purchaser’s Commercial Paper when due. Any amount which any Conduit Purchaser does not pay pursuant to the operation of the preceding sentence shall not constitute a claim against
such Conduit Purchaser for any such insufficiency but shall continue to accrue. Each party hereto agrees that the payment of any claim (as defined in Section 101 of the Federal Bankruptcy Code) of any such party shall be subordinated to the
payment in full of all obligations of such Conduit Purchaser in respect of Commercial Paper. The agreements in this section shall survive the termination of this Agreement and the other Transaction Documents. 

(b) Notwithstanding anything in this Agreement or any other Transaction Document to the contrary, the obligations of each Conduit
Purchaser under the Transaction Documents are solely the corporate obligations of such Conduit Purchaser. No recourse shall be had for any obligation or claim arising out of or based upon any Transaction Document against any stockholder, employee,
officer, director, incorporator, trustee, grantor, noteholder, member, manager or agent of such Conduit Purchaser. The agreements in this section shall survive the termination of this Agreement and the other Transaction Documents. 

(c) Except with respect to any claim arising out of the willful misconduct or gross negligence of the Conduit Purchasers, the Managing
Agents, the Collateral Agent, or any Committed Purchaser, no claim may be made by any Seller Party or any other Person against any Conduit Purchaser, the Collateral Agent or any Committed Purchaser or their respective Affiliates, directors,
officers, employees, attorneys or agents for any special, indirect, consequential or punitive damages in respect of any claim for breach of contract or any other theory of liability arising out of or related to the transactions contemplated by this
Agreement, or any act, omission or event occurring in connection therewith; and each Seller Party hereby waives, releases, and agrees not to sue upon any claim for any such damages, whether or not accrued and whether or not known or suspected to
exist in its favor. 
 Section 12.8 CHOICE OF LAW. THIS AGREEMENT SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH
THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW) OF THE STATE OF NEW YORK EXCEPT TO THE EXTENT THAT THE PERFECTION OF THE PURCHASERS’ SECURITY INTEREST IN THE PURCHASER
INTERESTS IS GOVERNED BY THE LAW OF ANOTHER STATE, AS REQUIRED BY THE LAWS OF THE STATE OF NEW YORK. 
 Section 12.9
CONSENT TO JURISDICTION. EACH SELLER PARTY HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY UNITED STATES FEDERAL OR NEW YORK STATE COURT SITTING IN NEW YORK, NEW YORK IN ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS 

  
 40 

 AGREEMENT OR ANY DOCUMENT EXECUTED BY SUCH PERSON PURSUANT TO THIS AGREEMENT AND EACH OF SELLER PARTY
HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT, ACTION OR PROCEEDING
BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE COLLATERAL AGENT, THE MANAGING AGENTS OR ANY PURCHASER TO BRING PROCEEDINGS AGAINST ANY SELLER PARTY IN THE COURTS OF ANY OTHER
JURISDICTION TO THE EXTENT NECESSARY TO REALIZE ON THE INTERESTS OF THE PURCHASERS AND THE COLLATERAL AGENT IN ANY RECEIVABLES, RELATED SECURITY OR PROCEEDS THEREOF. ANY JUDICIAL PROCEEDING BY ANY SELLER PARTY AGAINST THE COLLATERAL AGENT, ANY
MANAGING AGENT OR ANY PURCHASER OR ANY AFFILIATE OF ANY SUCH PARTIES INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT OR ANY DOCUMENT EXECUTED BY SUCH SELLER PARTY PURSUANT TO THIS
AGREEMENT SHALL BE BROUGHT ONLY IN A COURT IN NEW YORK, NEW YORK. 
 Section 12.10 WAIVER OF JURY TRIAL. EACH
PARTY HERETO HEREBY WAIVES TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH THIS AGREEMENT, ANY DOCUMENT
EXECUTED BY THE SELLER PURSUANT TO THIS AGREEMENT OR THE RELATIONSHIP ESTABLISHED HEREUNDER OR THEREUNDER. 

Section 12.11 Integration; Binding Effect; Survival of Terms. 

(a) This Agreement and each other Transaction Document contain the final and complete integration of all prior expressions by the parties
hereto with respect to the subject matter hereof and shall constitute the entire agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings. 

(b) This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted
assigns (including any trustee in bankruptcy). This Agreement shall create and constitute the continuing obligations of the parties hereto in accordance with its terms and shall remain in full force and effect until terminated in accordance with its
terms; provided, however, that the rights and remedies with respect to (i) any breach of any representation and warranty made by any Seller Party pursuant to Article IV, (ii) the indemnification and payment provisions
of Article IX, and Sections 12.5 and 12.6 shall be continuing and shall survive any termination of this Agreement. 
 Section 12.12 Counterparts; Severability; Section References. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same Agreement. Any provisions of this Agreement which are prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction. Unless otherwise expressly indicated, all references herein to “Article,” “Section,” “Schedule” or “Exhibit” shall mean articles and sections of, and schedules and
exhibits to, this Agreement. 

  
 41 

 Section 12.13 Agent Roles. 

(a) JPMorgan Chase Roles. Each of the Committed Purchasers acknowledges that JPMorgan Chase acts, or may in the future act,
(i) as administrative agent or administrative trustee for one or more of the Conduit Purchasers, (ii) as Managing Agent for one or more of the Conduit Purchasers, (iii) as issuing and paying agent for one or more Conduit
Purchaser’s Commercial Paper, (iv) to provide credit or liquidity enhancement for the timely payment for one or more Conduit Purchaser’s Commercial Paper and (v) to provide other services from time to time for some or all of the
Purchasers (collectively, the “JPMorgan Chase Roles”). Without limiting the generality of this Section 12.13(a), each Committed Purchaser hereby acknowledges and consents to any and all JPMorgan Chase Roles and agrees
that in connection with any JPMorgan Chase Role, JPMorgan Chase may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent or administrative trustee
for the related Conduit Purchasers, and the giving of notice of a mandatory purchase pursuant its Liquidity Agreement. 
 (b)
Managing Agent Institution Roles. Each of the Committed Purchasers acknowledges that each Committed Purchaser that serves as a Managing Agent hereunder (a “Managing Agent Institution”) acts, or may in the future act,
(i) as Managing Agent for a Conduit Purchaser or Conduit Purchasers, (ii) as issuing and paying agent for such Conduit Purchaser’s Commercial Paper, (iii) to provide credit or liquidity enhancement for the timely payment for such
Conduit Purchaser’s Commercial Paper and (iv) to provide other services from time to time for some or all of the Purchasers (collectively, the “Managing Agent Institution Roles”). Without limiting the generality of this
Section 12.13(b), each Committed Purchaser hereby acknowledges and consents to any and all Managing Agent Institution Roles and agrees that in connection with any Managing Agent Institution Role, the applicable Managing Agent Institution
may take, or refrain from taking, any action that it, in its discretion, deems appropriate, including, without limitation, in its role as administrative agent for the related Conduit Purchasers, if any, and the giving of notice to the Collateral
Agent or any Managing Agent of a mandatory purchase pursuant to its Liquidity Agreement. 
 Section 12.14
Characterization. 
 (a) It is the intention of the parties hereto that each purchase hereunder shall constitute and be
treated as an absolute and irrevocable sale, which purchase shall provide the applicable Purchaser with the full benefits of ownership of the applicable Purchaser Interest. Except as specifically provided in this Agreement, each sale of a Purchaser
Interest hereunder is made without recourse to Seller; provided, however, that (i) Seller shall be liable to each Purchaser and the Collateral Agent for all representations, warranties and covenants made by Seller pursuant to the
terms of this Agreement, and (ii) such sale does not constitute and is not intended to result in an assumption by any Purchaser or the Collateral Agent or any assignee thereof of any obligation of Seller or the Originator or any other person
arising in connection with the Receivables, the Related Security, or the related Contracts, or any other obligations of Seller or the Originator. 
 (b) The Seller hereby grants to the Collateral Agent for the ratable benefit of the Purchasers a valid and perfected security interest in all of Seller’s right, title and interest in, to and under
all Receivables now existing or hereafter arising, the Collections, each Collection Account, all Related Security, all other rights and payments relating to such Receivables, all of Seller’s rights under the Receivables Sale Agreement and all
proceeds of any thereof to secure the prompt and complete payment of the Aggregate Unpaids. After an Amortization Event, the Collateral Agent and the Purchasers shall have, in addition to the rights and remedies that they may have under this
Agreement, all other rights and remedies provided to a secured creditor after default under the UCC and other applicable law, which rights and remedies shall be cumulative. The Seller represents and warrants that each remittance of Collections to
the Collateral Agent, any Managing Agent or any Purchaser hereunder has been (i) in payment of a debt incurred in the ordinary course of its business or financial affairs and (ii) made in the ordinary course of its business or financial
affairs. 

  
 42 

 Section 12.15 Amendment and Restatement; Consent to Amendment of Receivables Sale
Agreement. This Agreement amends, restates and supersedes in its entirety the Original RPA and shall not constitute a novation thereof. It is the intent of each of the parties hereto that all references to the Original RPA in any Transaction
Document to which such party is a party and which becomes or remains effective on or after the date hereof shall be deemed to mean and be references to this Agreement. By its signature hereto, the Collateral Agent and each Managing Agent consents to
the terms of (1) the Third Amended and Restated Receivables Sale Agreement of even date herewith between McKesson Corporation, as seller and the Seller, as buyer and (2) the Reaffirmation, Termination and Assignment Agreement of even date
herewith among California Golden State Finance Company, the Originator and the Seller. 
 Section 12.16 Federal
Reserve. Notwithstanding any other provision of this Agreement to the contrary, any Committed Purchaser may at any time pledge or grant a security interest in all or any portion of its rights (including, without limitation, any Purchaser
Interest and any rights to payment of Capital and Yield) under this Agreement to secure obligations of such Committed Purchaser to a Federal Reserve Bank, without notice to or consent of the Seller or the Collateral Agent; provided that no
such pledge or grant of a security interest shall release a Committed Purchaser from any of its obligations hereunder, or substitute any such pledgee or grantee for such Committed Purchaser as a party hereto. 

Section 12.17 USA PATRIOT Act. Each Committed Purchaser that is subject to the requirements of the USA Patriot Act (Title III
of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) hereby notifies the Seller Parties that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that
identifies each Seller Party, which information includes the name and address of each Seller Party and other information that will allow such Committed Purchaser to identify each Seller Party in accordance with the Patriot Act. 

  
 43 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and
delivered by their duly authorized officers as of the date hereof. 
  

			
	 CGSF FUNDING CORPORATION,
 as the Seller

		
	By:	 	 /s/ Nicholas A. Loiacono

	Name:	 	Nicholas A. Loiacono
	Title:	 	President
	
	 McKESSON CORPORATION,
 as the Servicer

		
	By:	 	 /s/ Willie C. Bogan

	Name:	 	Willie C. Bogan
	Title:	 	Secretary

 Signature Page to Fourth Amended and 

Restated Receivables Purchase Agreement 

  
 1 

 
			
	JUPITER SECURITIZATION COMPANY LLC (as
successor in interest to JS SILOED TRUST), as a
Conduit Purchaser
	
	By: JPMorgan Chase Bank, N.A., not in its individual capacity but solely as administrative trustee
		
	By:	 	 /s/ Corina Mills

	Name:	 	Corina Mills
	Title:	 	Executive Director
	
	 JPMORGAN CHASE BANK, N.A.,
 as a Committed Purchaser, a Managing Agent and as Collateral Agent

		
	By:	 	 /s/ Corina Mills

	Name:	 	Corina Mills
	Title:	 	Executive Director

 Signature Page to Fourth Amended and 

Restated Receivables Purchase Agreement 

  
 2 

 
			
	 BANK OF AMERICA, N.A.,
 as a Committed Purchaser and a Managing Agent

		
	By:	 	 /s/ Nina Austin

	Name:	 	Nina Austin
	Title:	 	Vice President

 Signature Page to Fourth Amended and 

Restated Receivables Purchase Agreement 

  
 3 

 
			
	 LIBERTY STREET FUNDING LLC,
 as a Conduit Purchaser

		
	By:	 	 /s/ Jill A. Russo

	Name:	 	Jill A. Russo
	Title:	 	Vice President
	
	 THE BANK OF NOVA SCOTIA,
 as a Committed Purchaser and as Managing Agent

		
	By:	 	 /s/ John Mathews

	Name:	 	John Mathews
	Title:	 	Director-Corporate Banking

 Signature Page to Fourth Amended and 

Restated Receivables Purchase Agreement 

  
 4 

 
			
	 GOTHAM FUNDING CORPORATION,
 as a Conduit Purchaser

		
	By:	 	 /s/ Frank B. Bilotta

	Name:	 	Frank B. Bilotta
	Title:	 	President
	
	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
 NEW YORK BRANCH,
 as a Managing Agent

		
	By:	 	 /s/ Aditya Reddy

	Name:	 	Aditya Reddy
	Title:	 	Managing Director
	
	 THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
 NEW YORK BRANCH,
 as a Committed Purchaser

		
	By:	 	 /s/ Thomas Danielson

	Name:	 	Thomas Danielson
	Title:	 	Authorized Signatory

 Signature Page to Fourth Amended and 

Restated Receivables Purchase Agreement 

  
 5 

  

			
	 NIEUW AMSTERDAM RECEIVABLES
 CORPORATION, as a Conduit Purchaser

		
	By:	 	 /s/ Damian Perez

	Name:	 	Damian Perez
	Title:	 	Vice President
	
	 COOPERATIEVE CENTRALE RAIFFEISEN-
 BOERENLEENBANK B.A., “RABOBANK
 INTERNATIONAL”, NEW YORK BRANCH,

as a Committed Purchaser and a Managing Agent

		
	By:	 	 /s/ Izumi Fukushima

	Name:	 	Izumi Fukushima
	Title:	 	Executive Director
		
	By:	 	 /s/ Christopher Lew

	Name:	 	Christopher Lew
	Title:	 	Vice President
		 	

 Signature Page to Fourth Amended and 

Restated Receivables Purchase Agreement 

  
 6 

 
			
	 MARKET STREET FUNDING LLC,
 as a Conduit Purchaser

		
	By:	 	/s/ Doris J. Hearn
	Name:	 	Doris J. Hearn
	Title:	 	Vice President
	
	 PNC BANK, NATIONAL ASSOCIATION
 as a Committed Purchaser and as Managing Agent

		
	By:	 	/s/ Dale Stein
	Name:	 	Dale Stein
	Title:	 	Senior Vice President

 Signature Page to Fourth Amended and 

Restated Receivables Purchase Agreement 

  
 7 

 
			
	 BRYANT PARK FUNDING LLC,

	as a Conduit Purchaser
		
	By:	 	/s/ Damian Perez
	Name:	 	Damian Perez
	Title:	 	Vice President
	
	 HSBC SECURITIES (USA), INC.,
 as a Managing Agent

		
	By:	 	/s/ Robert Wainwright
	Name:	 	Robert Wainwright
	Title:	 	Vice President
	
	 HSBC BANK PLC,
 as
a Committed Purchaser

		
	By:	 	/s/ P. Florence
	Name:	 	P. Florence
	Title:	 	Global Relationship Manager

 Signature Page to Fourth Amended and 

Restated Receivables Purchase Agreement 

  
 8 

 
			
	 FIFTH THIRD BANK,

as a Committed Purchaser and as Managing Agent

		
	By:	 	/s/ Andrew D. Jones
	Name:	 	Andrew D. Jones
	Title:	 	Vice President

 Signature Page to Fourth Amended and 

Restated Receivables Purchase Agreement 

  
 9 

 EXHIBIT I 
 DEFINITIONS 
 As used in this Agreement, the following terms shall have the
following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 

“Accrual Period” means each calendar month, provided that the initial Accrual Period hereunder means the period from
(and including) the date of the initial purchase hereunder to (and including) the last day of the calendar month thereafter. 

“Adverse Claim” means a lien, security interest, charge or encumbrance, or other right or claim in, of or on any
Person’s assets or properties in favor of any other Person (other than Permitted Liens). 
 “Affected Committed
Purchaser” has the meaning specified in Section 11.1(c). 
 “Affiliate” means, with
respect to any Person, any other Person directly or indirectly controlling, controlled by, or under direct or indirect common control with, such Person or any Subsidiary of such Person. A Person shall be deemed to control another Person if the
controlling Person owns 10% or more of any class of voting securities of the controlled Person or possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether through
ownership of stock, by contract or otherwise. 
 “Aggregate Capital” means, at any time, the sum of all Capital
of all Purchaser Interests. 
 “Aggregate Reduction” has the meaning specified in Section 1.3.

 “Aggregate Reserves” means, on any date of determination, the sum of the Loss Reserve, the Discount and
Servicing Fee Reserve and the Dilution Reserve. 
 “Aggregate Unpaids” means, at any time, an amount equal to
the sum of all Capital and all other unpaid Obligations (whether due or accrued) at such time. 
 “Agreement”
means this Fourth Amended and Restated Receivables Purchase Agreement, as it may be amended or modified and in effect from time to time. 
 “Amortization Date” means the earliest to occur of (i) the day on which any of the conditions precedent set forth in Section 5.2 are not satisfied, (ii) the Business
Day immediately prior to the occurrence of an Amortization Event set forth in Section 8.1(d), (iii) the Business Day specified in a written notice from the Collateral Agent pursuant to Section 8.2 following the
occurrence of any other Amortization Event, and (iv) the date which is sixty (60) Business Days after the Collateral Agent’s receipt of written notice from Seller that it wishes to terminate the facility evidenced by this Agreement.

 “Amortization Event” has the meaning specified in Article VIII. 

“Applicable Margin” means, on any date and with respect to each funding made at the LIBO Rate (x) by a Purchaser
that is a member of a Bank Funding Purchaser Group, the rate per annum set forth in the Fee Letter and (y) by a Purchaser that is a member of a CP Funding Purchaser Group, 2.00% per annum. 

“Assignment Agreement” has the meaning set forth in Section 11.1(b). 

  
 I-1

 “Authorized Officer” shall mean, with respect to any Seller Party, its
respective corporate controller, treasurer, assistant treasurer, vice president-finance or chief financial officer and, in addition, in the case of the Seller, its president so long as the president retains the duties of a financial officer of the
Seller. 
 “Bank Funding Purchaser Group” means, each Purchaser Group listed on Schedule A hereto as a
“Bank Funding Purchaser Group”, or in any Assignment Agreement or Joinder Agreement as a “Bank Funding Purchaser Group”, or which has been designated in writing to the Seller and the Agent as a “Bank Funding Purchaser
Group” by the Managing Agent thereof with the written approval of the Seller (which approval shall not be unreasonably withheld). 
 “Base Rate” means a fluctuating interest rate per annum as shall be in effect from time to time, which rate shall at all times be equal to the highest of: (i) the Prime Rate,
(ii) the Federal Funds Rate plus 0.50% and (iii) the LIBO Rate for a Tranche Period of one month. 
 “Broken
Funding Costs” means for any Purchaser Interest which: (i) has its Capital reduced without compliance by the Seller with the notice requirements hereunder or (ii) does not become subject to an Aggregate Reduction following the
delivery of any Reduction Notice or (iii) is assigned under Article XI or terminated prior to the date on which it was originally scheduled to end; an amount equal to the excess, if any, of (A) Yield that would have accrued during
the remainder of the Tranche Periods determined by the Collateral Agent or the applicable Managing Agent to relate to such Purchaser Interest (as applicable) subsequent to the date of such reduction or termination (or in respect of clause
(ii) above, the date such Aggregate Reduction was designated to occur pursuant to the Reduction Notice) of the Capital of such Purchaser Interest if such reduction, assignment or termination had not occurred or such Reduction Notice had not
been delivered, over (B) the sum of (x) to the extent all or a portion of such Capital is allocated to another Purchaser Interest, the amount of Yield actually accrued during the remainder of such period on such Capital for the new
Purchaser Interest, and (y) to the extent such Capital is not allocated to another Purchaser Interest, the income, if any, actually received during the remainder of such period by the holder of such Purchaser Interest from investing the portion
of such Capital not so allocated. All Broken Funding Costs shall be due and payable hereunder upon demand. 
 “Business
Day” means any day on which banks are not authorized or required to close in New York, New York, San Francisco, California or Chicago, Illinois and The Depository Trust Company of New York is open for business, and, if the applicable
Business Day relates to any computation or payment to be made with respect to the LIBO Rate, any day on which dealings in dollar deposits are carried on in the London interbank market. 

“Capital” of any Purchaser Interest means, at any time, (A) the Purchase Price of such Purchaser Interest,
minus (B) the sum of the aggregate amount of Collections and other payments received by the Collateral Agent which in each case has been applied to reduce such Capital in accordance with the terms and conditions of this Agreement;
provided, that such Capital shall be restored (in accordance with Section 2.5) in the amount of any Collections or other payments so received and applied if at any time the distribution of such Collections or payments are
rescinded, returned or refunded for any reason. 
 “Change of Control” means, (i) with respect to
McKesson, the acquisition by any Person, or two or more Persons acting in concert, of beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934) of 51% or more of the
outstanding shares of voting stock of McKesson (other than any such acquisition which occurs as part of a transaction consisting of (x) McKesson becoming a wholly owned subsidiary of a holding company and (y) the holders of the voting
stock of such holding company immediately following such transaction are substantially the same as the holders of McKesson’s voting stock immediately prior to such transaction) and (ii) with respect the Seller, McKesson’s failure to
directly own 100% of the issued and outstanding capital stock of the Seller. 

  
 I-2

 “Collateral Agent” has the meaning set forth in the preamble to this
Agreement. 
 “Collection Account” means each concentration account, depositary account, lock-box account or
similar account in which any Collections are collected or deposited and which is listed on Exhibit I to the Fee Letter (as updated from time to time by written notice to the Collateral Agent pursuant to Section 6.2(b)).

 “Collection Account Agreement” means an agreement in form and substance acceptable to the Collateral Agent,
among the Originator, Seller, the Collateral Agent and a Collection Bank. 
 “Collection Bank” means, at any
time, any of the banks holding one or more Collection Accounts. 
 “Collection Notice” means a notice, in
substantially the form attached to, or otherwise conforming the requirements set forth in, the applicable Collection Account Agreement, from the Collateral Agent to a Collection Bank. 

“Collection Period” means each calendar month. 
 “Collections” means, with respect to any Receivable, all cash collections and other cash proceeds in respect of such Receivable, including, without limitation, all yield, finance charges
or other related amounts accruing in respect thereof and all cash proceeds of Related Security with respect to such Receivable. 

“Commercial Paper” means promissory notes of any Conduit Purchaser issued by such Conduit Purchaser in the commercial
paper market. 
 “Commitment” means, for each Committed Purchaser, the commitment of such Committed Purchaser
to purchase its Pro Rata Share of Purchaser Interests from (i) Seller and (ii) the Conduit Purchasers, such Pro Rata Share not to exceed, in the aggregate, the amount set forth opposite such Committed Purchaser’s name on Schedule A to
this Agreement, as such amount may be modified in accordance with the terms hereof. 
 “Committed Purchaser”
means, as to any Purchaser Group, each of the financial institutions listed on Schedule A hereto as a “Committed Purchaser” for such Purchaser Group, or in any Assignment Agreement or Joinder Agreement as a “Committed Purchaser”
for the applicable Purchaser Group, together with its respective successors and permitted assigns. 
 “Concentration
Limit” means, at any time, for any Obligor, the maximum amount of Receivables owned by the Seller which may be owing from such Obligor, which at any time shall be equal to such Obligor’s Standard Concentration Limit or Special
Concentration Limit, as applicable by definition to such Obligor; provided, that in the case of an Obligor and any Affiliate of such Obligor, the Concentration Limit shall be calculated as if such Obligor and such Affiliate are one Obligor.

 “Conduit Purchaser” means, as to any Purchaser Group, each of the Persons listed on Schedule A hereto as a
“Conduit Purchaser” for such Purchaser Group, or in any Assignment Agreement or Joinder Agreement as a “Conduit Purchaser” for the applicable Purchaser Group, together with its respective successors and permitted assigns. For
purposes of this Agreement and each other Transaction Document, 

  
 I-3

 the term “Conduit Purchaser” shall, as the context may require, include and be a reference to
(i) any Person that acquires or maintains, directly or indirectly, an interest in a Purchaser Interest hereunder and/or (ii) any Person that issues promissory notes in the commercial paper market to enable a Person described in clause
(i) hereof to acquire and maintain an interest in a Purchaser Interest hereunder that is administered by the same Managing Agent as a Person described in clause (i) hereof. 

“Contingent Obligation” of a Person means any agreement, undertaking or arrangement by which such Person assumes,
guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes or is contingently liable upon, the obligation or liability of any other Person, or agrees to maintain the net worth or working capital
or other financial condition of any other Person, or otherwise assures any creditor of such other Person against loss, including, without limitation, any comfort letter, operating agreement, take-or-pay contract or application for a letter of
credit. 
 “Contract” means, with respect to any Receivable, any and all instruments, agreements, invoices or
other writings pursuant to which such Receivable arises or which evidences such Receivable. 
 “CP Funding Purchaser
Group” means, each Purchaser Group listed on Schedule A hereto as a “CP Funding Purchaser Group”, or in any Assignment Agreement or Joinder Agreement as a “CP Funding Purchaser Group”, or which has been designated in
writing to the Seller and the Agent as a “CP Funding Purchaser Group” by the Managing Agent thereof with the written approval of the Seller (which approval shall not be unreasonably withheld). 

“CP Rate” means, with respect to a Conduit Purchaser for any Tranche Period, the per annum rate equivalent to the
weighted average cost (as determined by the related Managing Agent and which shall include commissions of placement agents and dealers, incremental carrying costs incurred with respect to Pooled Commercial Paper maturing on dates other than those on
which corresponding funds are received by such Conduit Purchaser, other borrowings by such Conduit Purchaser (other than under any commercial paper program support agreement) and any other costs associated with the issuance of Pooled Commercial
Paper) of or related to the issuance of Pooled Commercial Paper that are allocated, in whole or in part, by such Conduit Purchaser or its Managing Agent to fund or maintain its Purchaser Interests during such Tranche Period; provided, however, that
if any component of such rate is a discount rate, in calculating the “CP Rate” for such Conduit Purchaser for such Purchaser Interest for such Tranche Period, such Conduit Purchaser shall for such component use the rate resulting from
converting such discount rate to an interest-bearing equivalent rate per annum. 
 “Credit and Collection
Policy” means Seller’s credit and collection policies and practices relating to Contracts and Receivables existing on, and provided to the Collateral Agent and the Managing Agents on or prior to, the Effective Date, as modified from
time to time in accordance with this Agreement. 
 “Daily Report” means a report, in form and substance
mutually acceptable to the Seller and the Managing Agents (appropriately completed), furnished by the Servicer to the Managing Agents on each Business Day pursuant to Section 7.5, reflecting information for the second Business Day
immediately preceding such Business Day. 
 “Debt Rating” means, with respect to any Person at any time, the
then current rating by S&P or Moody’s of such Person’s long-term public senior unsecured unsubordinated non-credit enhanced debt. 
 “Deemed Collections” means the aggregate of all amounts Seller shall have been deemed to have received as a Collection of a Receivable. Seller shall be deemed (i) to have received a
Collection of a Receivable, to the extent of the applicable reduction, if at any time the Outstanding Balance of any such Receivable is either (x) reduced as a result of any defective or rejected goods or services, any discount or 

  
 I-4

 any adjustment or otherwise by Seller (other than cash Collections on account of the Receivables) or
(y) reduced or canceled as a result of a setoff in respect of any claim by any Person (whether such claim arises out of the same or a related transaction or an unrelated transaction) or (ii) to have received a Collection in full of a
Receivable if at any time any of the representations or warranties in Article IV are no longer true with respect to such Receivable. 
 “Defaulted Receivable” means a Receivable: (i) as to which the Obligor thereof has taken any action, or suffered any event to occur, of the type described in Section 8.1(d)
(as if references to Seller Party therein refer to such Obligor); (ii) which, consistent with the Credit and Collection Policy, would be written off Seller’s books as uncollectible, (iii) which has been identified by Seller as
uncollectible in accordance with the Credit and Collection Policy or (iv) as to which any payment, or part thereof, remains unpaid for ninety one (91) days or more from the original due date for such payment. 

“Default Fee” means with respect to any amount due and payable by Seller in respect of any Aggregate Unpaids, an amount
equal to the greater of (i) $1000 and (ii) interest on any such unpaid Aggregate Unpaids at a rate per annum equal to 2% above the Base Rate. 
 “Default Proxy Ratio” means, as of the last day of any Collection Period, a fraction (calculated as a percentage) equal to (i) the aggregate Outstanding Balance of all Receivables
(without duplication) which remain unpaid for more than sixty (60) but less than ninety-one (91) or more days from the original due date at any time during the Collection Period then ending plus the aggregate Outstanding Balance of all
Receivables (without duplication) which, consistent with the Credit and Collection Policy, were or should have been written off the Seller’s books as uncollectible and are less than ninety (90) days old during such period plus the
aggregate Outstanding Balance of all Receivables (without duplication) with respect to which the related Obligors are subject to a proceeding of the type described in Section 8.1(d) but which have not yet been written off the
Seller’s books as uncollectible, divided by (ii) the aggregate Outstanding Balance of all Receivables generated during the Collection Period which ended three (3) Collection Periods prior to such last day. 

“Delinquency Ratio” means, as of the last day of any Collection Period, a fraction (calculated as a percentage) equal to
(i) the aggregate Outstanding Balance of all Receivables that were Delinquent Receivables at such time and as of the last day of the two (2) preceding Collection Periods by (ii) the sum of the aggregate Outstanding Balance of all
Receivables as of the last day of each of such three (3) Collection Periods. 
 “Delinquent Receivable”
means a Receivable as to which any payment, or part thereof, remains unpaid for sixty one (61) days or more from the original due date for such payment. 
 “Designated Obligor” means an Obligor indicated by the Collateral Agent to Seller in writing. 
 “Dilution Horizon Ratio” means, as of any date as set forth in the most recent Monthly Report, a ratio computed by dividing (i) the sum of (x) the aggregate of all Receivables
generated during the most recently ended Collection Period and (y) the product of 0.5 and the aggregate of all Receivables generated during the previous Collection Period by (ii) the Net Receivables Balance as of the last day of the most
recently ended Collection Period. 
 “Dilution Ratio” means, for any Collection Period, the ratio (expressed as
a percentage) computed as of the last day of such Collection Period by dividing (i) an amount equal to the aggregate reductions in the Outstanding Balance of any Receivable as a result of any Dilutions during such Collection Period by
(ii) the aggregate Outstanding Balance of all Receivables generated during the previous Collection Period. 

  
 I-5

 “Dilution Reserve” means, on any date, an amount equal to (x) the
greater of (i) 3% and (ii) the Dilution Reserve Ratio then in effect times (y) the Net Receivables Balance as of the close of business on the immediately preceding Business Day. 

“Dilution Reserve Ratio” means, as of any date, an amount calculated as follows: 

DRR = [(2.25 x ADR) + [(HDR-ADR) x (HDR/ADR)]] x DHR 
 where: 
 DRR = the Dilution Reserve Ratio; 

ADR = the average of the Dilution Ratios for the past twelve Collection Periods; 

HDR = the highest average of the Dilution Ratios for any three consecutive Collection Periods during the most recent twelve months; and

 DHR = the Dilution Horizon Ratio. 
 The Dilution Reserve Ratio shall be calculated monthly in each Monthly Report and such Dilution Reserve Ratio shall, absent manifest error, be effective from the corresponding Monthly Settlement Date
until the next succeeding Monthly Settlement Date. 
 “Dilutions” means, at any time, the aggregate amount of
reductions or cancellations described in clause (i) of the definition of “Deemed Collections”, other than (a) the aggregate dollar amount of all reductions in the aggregate Outstanding Balance of all Receivables resulting
from discounts earned by Obligors due to payments made by such Obligors on account of Receivables within their payment terms and (b) volume rebates. 
 “Discount and Servicing Fee Reserve” means, on any date, the sum of (i) one and one-half of one percent (1.5%) times the lower of the Net Receivables Balance and the Purchase
Limit as of the close of business on the immediately preceding Business Day plus (ii) the average outstanding amount of accrued and unpaid Yield and fees during the preceding Collection Period, such component to be calculated in each
Monthly Report which component shall, absent manifest error, become effective from the corresponding Monthly Settlement Date until the next succeeding Monthly Settlement Date. The Collateral Agent shall estimate the component of the Discount and
Servicing Fee Reserve described in clause (ii) above for the period from the initial purchase hereunder until the first Monthly Settlement Date. 
 “Discount Rate” means the CP Rate, the LIBO Rate or the Base Rate, as applicable, with respect to each Purchaser Interest. 

“Dollars”, “$” or “U.S.$” means United States dollars. 

“Earned Discounts” means, as of any date of determination, the sum of (a) the aggregate dollar amount of all rebate
accruals resulting from volume discounts earned by Obligors for reasons other than payments made by such Obligors on account of Receivables within their payment terms and (b) an amount equal to the product of (i) 2.0% and (ii) the
aggregate Outstanding Balance of all Receivables (net of volume rebates). 
 “Effective Date” means
May 18, 2011. 

  
 I-6

 “Eligible Receivable” means, at any time, a Receivable: 

(i) the Obligor of which (a) if a corporation or other business organization, including any sole proprietorship, is
organized under the laws of the United States or any political subdivision thereof and has its chief executive office in the United States; provided, however, that nothing contained herein shall preclude any natural person from
providing a personal guarantee in favor of a corporation or other business organization, including any sole proprietorship, with respect to any Receivable; (b) is not an Affiliate of any of the parties hereto; and (c) is not a Designated
Obligor, 
 (ii) the Obligor of which is not an Obligor on Defaulted Receivables, the balance of which exceeds
twenty-five percent (25%) or more of such Obligor’s Receivables, 
 (iii) which is not a Defaulted
Receivable or a Delinquent Receivable, 
 (iv) which (i) by its terms is due and payable within thirty
(30) days of the original billing date therefor and has not had its payment terms extended or (ii) is an Extended Term Receivable, 
 (v) which is an “account” within the meaning of Section 9-105 of the UCC of all applicable jurisdictions, 

(vi) which is denominated and payable only in United States dollars in the United States, 

(vii) which arises under a Contract in substantially the form of one of the form contracts which has been approved by the
Collateral Agent in writing, which, together with such Receivable, is in full force and effect and constitutes the legal, valid and binding obligation of the related Obligor enforceable against such Obligor in accordance with its terms subject to no
offset, rescission, counterclaim or other defense, 
 (viii) which arises under a Contract which (A) does
not require the Obligor under such Contract to consent to the transfer, sale or assignment of the rights and duties of Seller under such Contract and (B) does not contain a confidentiality provision that purports to restrict the ability of any
Purchaser to exercise its rights under this Agreement. 
 (ix) which arises under a Contract that contains an
obligation to pay a specified sum of money, contingent only upon the sale of goods or the provision of services by the Originator, which goods shall have been sold and delivered and which services shall have been fully performed, 

(x) which, together with the Contract related thereto, does not contravene any law, rule or regulation applicable thereto
(including, without limitation, any law, rule and regulation relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) and with respect to which no part of the
Contract related thereto is in violation of any such law, rule or regulation, 
 (xi) which satisfies in all
material respects all applicable requirements of the Credit and Collection Policy, 
 (xii) which was generated
in the ordinary course of Originator’s business pursuant to duly authorized Contracts, 
 (xiii) which
arises solely from the sale of goods or the provision of services, within the meaning of Section 3(c)(5) of the Investment Company Act of 1940, to the related Obligor by Originator, and not by any other Person (in whole or in part), 

(xiv) which has been validly transferred by the Originator to the Seller, and 

  
 I-7

 (xv) in which the Collateral Agent has a valid and perfected security
interest. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time.

 “Extended Term Receivable” means a Receivable which by its terms is due and payable more than thirty
(30) but less than sixty-one (61) days after the original billing date therefor and has not had its payment terms extended. 
 “Extended Term Receivables Limit” means, at any time, with respect to all Extended Term Receivables, an amount equal to the product of (i) 66.67% and (ii) the product of
(A) the Loss Reserve Floor at such time and (B) the Net Receivables Balance as at the last day of the most recently ended Collection Period. 
 “Facility Termination Date” means May 16, 2012, as such date may be extended from time to time pursuant to, and in accordance with, Section 11.4 of this Agreement.

 “Federal Bankruptcy Code” means Title 11, United States Code (Bankruptcy), as now and/or hereinafter in
effect, or any successor thereto. 
 “Federal Funds Rate” means, for any period, a fluctuating interest rate
per annum equal for each day during such period equal to (a) the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day (or,
if such day is not a Business Day, for the preceding Business Day) by the Federal Reserve Bank of New York in the Composite Closing Quotations for U.S. Government Securities; or (b) if such rate is not so published for any day which is a
Business Day, the average of the quotations at approximately 10:30 a.m. (Chicago time) for such day on such transactions received by the Collateral Agent from three federal funds brokers of recognized standing selected by it. 

“Fee Letter” means that certain Tenth Amended and Restated Fee Letter dated as of the Effective Date among the Seller,
the Originator, the Managing Agents and the Collateral Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time. 
 “Finance Charges” means, with respect to a Contract, any finance, interest, late payment charges or similar charges owing by an Obligor pursuant to such Contract. 

“Fitch” means Fitch, Inc. and any successor thereto. 

“Funding Agreement” means this Agreement and any agreement or instrument executed by any Funding Source with or for the
benefit of a Conduit Purchaser. 
 “Funding Source” means (i) any Committed Purchaser or (ii) any
insurance company, bank or other funding entity providing liquidity, credit enhancement or back-up purchase support or facilities to a Conduit Purchaser. 
 “Government Receivable” means a Receivable, the Obligor of which is a government or a governmental subdivision or agency. 

“Government Receivables Limit” means (a) during a Level 1 Ratings Period, the Standard Concentration Limit or
(b) during a Level 2 Ratings Period or a Level 3 Ratings Period, $0. 

  
 I-8

 “Incremental Purchase” means a purchase of one or more Purchaser Interests
which increases the total outstanding Capital hereunder. 
 “Indebtedness” of a Person means such Person’s
(i) obligations for borrowed money, (ii) obligations representing the deferred purchase price of property or services (other than accounts payable arising in the ordinary course of such Person’s business payable on terms customary in
the trade), (iii) obligations, whether or not assumed, secured by liens or payable out of the proceeds or production from property now or hereafter owned or acquired by such Person, (iv) obligations which are evidenced by notes,
acceptances, or other instruments, (v) capitalized lease obligations, (vi) net liabilities under interest rate swap, exchange or cap agreements, (vii) Contingent Obligations and (viii) liabilities in respect of unfunded vested
benefits under plans covered by Title IV of ERISA. 
 “Independent Director” shall mean a member of the Board
of Directors of the Seller who (i) is in fact independent, (ii) does not have any direct financial interest or any material indirect financial interest in the Seller or any Affiliate of the Seller and (iii) is not connected as an
officer, employee, promoter, underwriter, trustee, partner, director of person performing similar functions within the Seller, any Affiliate of the Seller or any Person with a material direct or indirect financial interest in the Seller. 

“Joinder Agreement” has the meaning set forth in Section 11.3. 

“JPMorgan Chase” has the meaning set forth in the preamble to this Agreement. 

“Level 1 Ratings Period” means any period of time during which McKesson has two of the following Debt Ratings:
(i) BBB- or higher by S&P, (ii) Baa3 or higher by Moody’s or (iii) BBB- or higher by Fitch. 

“Level 2 Ratings Period” means any period of time, other than a Level 1 Ratings Period, during which McKesson has two of
the following Debt Ratings (i) BB or higher by S&P, (ii) Ba2 or higher by Moody’s or (iii) BB or higher by Fitch. 
 “Level 3 Ratings Period” means any period of time other than a Level 1 Ratings Period or a Level 2 Ratings Period. 

“LIBO Business Day” means a day of the year on which dealings in U.S. Dollar deposits are carried on the London
interbank market. 
 “LIBO Rate” means, 

(A) with respect to any Committed Purchaser in a CP Funding Purchaser Group, for any Tranche Period, the rate per annum equal to the sum
of (i) (x) a rate of interest determined by a Managing Agent equal to the offered rate for deposits in Dollars, with a maturity comparable to such Tranche Period, appearing on Reuters Screen LIBOR01 (or any such screen as may replace such
screen on such service or any successor to or substitute for such service, providing rate quotations comparable to those currently provided by such service, as determined by the related Managing Agent from time to time for purposes of providing
quotations of interest rates applicable to deposits in Dollars in the London interbank market) at approximately 11:00 a.m., London time, on the second Business Day before the first day of such Tranche Period. In the event that such rate is not
available at such time for any reason, then the “LIBO Rate” for such Tranche Period shall be the rate at which deposits in Dollars in a principal amount which approximates the portion of the Capital of the Purchaser Interest to be funded
or maintained (but not less than $1,000,000) and for a maturity comparable to such Tranche Period are offered by the related Reference Bank in immediately available funds in the London interbank market at 

  
 I-9

 approximately 11:00 a.m., London time, on the second Business Day before (and for value on) the first day of
such Tranche Period, divided by (y) one minus the reserve percentage applicable two Business Days before the first day of such Tranche Period under regulations issued from time to time by the Board of Governors of the Federal
Reserve System (or any successor) (or, if more than one such percentage shall be applicable, the daily average of such percentages for those days in such Tranche Period during which any such percentage shall be so applicable) for determining the
maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement) with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other
category of liabilities that includes deposits by reference to which the interest rate on Eurocurrency Liabilities is determined) having a term equal to such Tranche Period plus (ii) the Applicable Margin, rounded, if necessary, to the
next higher 1/16 of 1%; or 
 (B) with respect to any Committed Purchaser in a Bank Funding Purchaser Group, on any day during a
Tranche Period, the rate per annum equal to the sum of (i) LMIR for such day plus (ii) the Applicable Margin, rounded, if necessary, to the next higher 1/16 of 1%. 

“Liquidity Agreement” means an agreement entered into by a Conduit Purchaser with one or more financial institutions in
connection herewith for the purpose of providing liquidity with respect to the Capital funded by such Conduit Purchaser under this Agreement. 
 “LMIR” means, for any day, the one-month “Eurodollar Rate” for deposits in Dollars as reported on Reuters Screen LIBOR01 Page or any other page that may replace such page from
time to time for the purpose of displaying offered rates of leading banks for London interbank deposits in United States dollars, as of 11:00 a.m. (London time) on such date, or if such day is not a Business Day, then the immediately preceding
Business Day (or if not so reported, then as determined by the relevant Managing Agent from another recognized source for interbank quotation), in each case, changing when and as such rate changes. 

“Lock-Box” means a locked postal box maintained by McKesson, in its capacity as Servicer with respect to which a bank
who has executed a Collection Account Agreement has been granted exclusive access for the purpose of retrieving and processing payments made on the Receivables and which is listed on Exhibit I to the Fee Letter (as updated from time to time
by written notice to the Collateral Agent pursuant to Section 6.2(b)). 
 “Loss Horizon Ratio”
means, for any Collection Period, a fraction (calculated as a percentage) computed by dividing (i) the aggregate Outstanding Balance of all Receivables generated during the four and one-half most recently ended Collection Periods by
(ii) the Net Receivables Balance as at the last day of the most recently ended Collection Period. 
 “Loss
Reserve” means, on any date, an amount equal to (x) the greater of (i) the Loss Reserve Floor at such time and (ii) the Loss Reserve Ratio then in effect times (y) the Net Receivables Balance as of the close of business
on the immediately preceding Business Day. 
 “Loss Reserve Floor” means 29%. 

“Loss-to-Balance Ratio” means, as of the last day of any Collection Period, a percentage equal to (i) the aggregate
amount of Receivables which were Defaulted Receivables as of the last day of such Collection Period and as of the last day of the two (2) preceding Collection Periods plus, without duplication, the dollar amount of Receivables less than
ninety (90) days past due which were written off as uncollectible during such three Collection Periods, divided by (ii) the sum of the aggregate Outstanding Balance of all Receivables as of the last day of such three
(3) Collection Periods. 

  
 I-10

 “Loss Reserve Ratio” means, as of any date, an amount calculated as follows:

  

							
		 	 LRR
	 	=	  	2.25 x DPR x LHR
				
		 	 where
	 		  	
				
		 	 LRR
	 	=	  	the Loss Reserve Ratio;
				
		 	 DPR
	 	=	  	 the highest average of the Default Proxy Ratios for any three consecutive Collection Periods during the most recent

twelve months; and

				
		 	 LHR
	 	=	  	the Loss Horizon Ratio.

 The Loss Reserve Ratio shall be calculated monthly in each Monthly Report and such Loss Reserve Ratio shall, absent
manifest error, be effective from the corresponding Monthly Settlement Date until the next succeeding Monthly Settlement Date. 

“Managing Agent” means, as to any Purchaser Group, each of the Persons listed on Schedule A hereto as a “Managing
Agent” for such Purchaser Group, or in any Assignment Agreement or Joinder Agreement as a “Managing Agent” for the applicable Purchaser Group, together with its respective successors and permitted assigns. 

“Material Adverse Effect” means a material adverse effect on (i) the financial condition or operations of any
Seller Party and its Material Subsidiaries (except as otherwise disclosed to or discussed with the Managing Agents prior to the date hereof), (ii) the ability of any Seller Party to perform its obligations under this Agreement, (iii) the
legality, validity or enforceability of this Agreement or any other Transaction Document, (iv) any Purchaser’s interest in the Receivables generally or in any significant portion of the Receivables, the Related Security or the Collections
with respect thereto, or (v) the collectibility of the Receivables generally or of any material portion of the Receivables; provided, that the insolvency of, or any other event with respect to, any Obligor or Obligors which results in
the Eligible Receivables from such Obligor or Obligors ceasing to be Eligible Receivables shall not be deemed to have a “Material Adverse Effect” so long as (x) immediately after giving effect to such insolvency or event, as
applicable, the Net Receivables Balance less the Aggregate Reserves equals or exceeds the Aggregate Capital, and (y) such insolvency or event, as applicable, does not materially adversely affect the ability of the initial Servicer to perform
its obligations and duties under this Agreement. 
 “Material Subsidiary” means, at any time, any Subsidiary of
McKesson having at such time ten percent (10%) or more of McKesson’s consolidated total (gross) revenues for the preceding four fiscal quarter period, as of the last day of the preceding fiscal quarter based upon McKesson’s most
recent annual or quarterly financial statements delivered to the Collateral Agent and the Managing Agents under Section 6.1(a). 
 “McKesson” has the meaning set forth in the preamble to this Agreement. 
 “Monthly Report” means a report, in substantially the form provided to the Collateral Agent and the Managing Agents on the Effective Date or such other form as has been approved by the
Collateral Agent and the Managing Agents in writing, appropriately completed and furnished by the Servicer to the Managing Agents pursuant to Section 7.5. 
 “Monthly Reporting Date” means the fifteenth (15) day of each month, or, if such day is not a Business Day, the next succeeding Business Day. 

  
 I-11

 “Monthly Settlement Date” means the twentieth (20th) day of each
month, or, if such date is not a Business Day, the next succeeding Business Day. 
 “Moody’s” means
Moody’s Investors Service, Inc. and any successor thereto. 
 “Net Receivables Balance” means, at any
time, the aggregate Outstanding Balance of all Eligible Receivables at such time (net of all Earned Discounts and quarterly volume rebates then in effect) reduced by (i) the aggregate amount by which the Outstanding Balance of all Eligible
Receivables of each Obligor and its Affiliates exceeds the Concentration Limit for such Obligor, (ii) the aggregate amount by which the Outstanding Balance of all Government Receivables exceeds the Government Receivables Limit and
(iii) the aggregate amount by which the Outstanding Balance of all Extended Term Receivables exceeds the Extended Term Receivables Limit. 
 “Net Worth” means the sum of a capital stock and additional paid in capital plus retained earnings (or minus accumulated deficits) of the Originator and its Subsidiaries
determined on a consolidated basis in conformity with generally accepted accounting principles on such date. 

“Obligations” shall have the meaning set forth in Section 2.1. 

“Obligor” means a Person obligated to make payments pursuant to a Contract. 

“Originator” means McKesson, in its capacity as Seller under the Receivables Sale Agreement. 

“Outstanding Balance” of any Receivable at any time means the then outstanding principal balance thereof. 

“Patriot Act” shall have the meaning set forth in Section 12.17. 

“Permitted Liens” means liens, security interests, charges or encumbrances, or other rights or claims in, of or on any
Person’s assets or properties (i) in favor of Collateral Agent or any Managing Agent or Purchaser, (ii) for taxes, fees, assessments or other governmental charges or levies, either not delinquent or being contested in good faith by
appropriate proceedings, (iii) of materialmen, mechanics, warehousemen, carriers or employees or other similar Adverse Claims arising by operation of law and securing obligations either not delinquent or being contested in good faith by
appropriate proceedings, (iv) consisting of deposits or pledges to secure the performance of bids, trade contracts, leases, public or statutory obligations, or other obligations of a like nature incurred in the ordinary course of business
(other than for indebtedness), and (v) on deposit accounts (and the contents thereof), in favor of the financial institution at which such account is located, arising pursuant to such financial institution’s standard terms and conditions
governing such account. 
 “Person” means an individual, partnership, corporation (including a business trust),
joint stock company, trust, unincorporated association, joint venture or other entity, or a government or any political subdivision or agency thereof. 
 “Pooled Commercial Paper” means Commercial Paper notes of a Conduit Purchaser subject to any particular pooling arrangement by such Conduit Purchaser but excluding Commercial Paper issued
by a Conduit Purchaser for a tenor and in an amount specifically requested by any Person in connection with any agreement effected by such Conduit Purchaser. 
 “Potential Amortization Event” means an event which, with the passage of time or the giving of notice, or both, would constitute an Amortization Event. 

  
 I-12

 “Prime Rate” means, with respect to any Purchaser Group, the rate of
interest announced publicly by the related Reference Bank from time to time as its prime or base rate (such rate not necessarily being the lowest or best rate charged by such Reference Bank). 

“Proposed Reduction Date” has the meaning set forth in Section 1.3. 

“Pro Rata Share” means, for each Purchaser, as applicable, a fraction (expressed as a percentage), the numerator of
which is the Capital associated with such Purchaser and the denominator of which is the Aggregate Capital. 
 “Purchase
Limit” means $1,350,000,000. 
 “Purchase Notice” has the meaning set forth in
Section 1.2. 
 “Purchase Price” means, with respect to any Incremental Purchase of a Purchaser
Interest, the amount paid to Seller for such Purchaser Interest which shall not exceed the least of (i) the amount requested by Seller in the applicable Purchase Notice, (ii) the unused portion of the Purchase Limit on the applicable
purchase date and (iii) the excess, if any, of the Net Receivables Balance (less the Aggregate Reserves) on the applicable purchase date over the aggregate outstanding amount of Capital determined as of the date of the most recent Monthly
Report, taking into account such proposed Incremental Purchase. 
 “Purchaser” means any Conduit Purchaser or
Committed Purchaser, as applicable. 
 “Purchaser Group” means a group consisting of either (x) one or
more Conduit Purchasers, the related Committed Purchasers and the related Managing Agent or (y) one or more Committed Purchasers and the related Managing Agent. 
 “Purchaser Group Limit” means, for any Purchaser Group at any time, the aggregate amount of the Commitments of the Committed Purchasers in such Purchaser Group at such time. 

“Purchaser Interest” means, at any time, an undivided percentage ownership interest (computed as set forth below)
associated with a designated amount of Capital, Discount Rate and Tranche Period selected pursuant to the terms and conditions hereof in (i) each and every Receivable, (ii) all Related Security with respect to the Receivables, and
(iii) all Collections with respect to, and other proceeds of the Receivables. Each such undivided percentage interest shall equal: 
  

							
	 	  	 C
	  	 	  	 
		  	NRB - AR	  		  	

 where: 
  

					
	 C
	  	=	  	the Capital associated with such Purchaser Interest
			
	 AR
	  	=	  	Aggregate Reserves
			
	 NRB
	  	=	  	the Net Receivables Balance.

 Such undivided percentage ownership interest shall be initially computed on its date of purchase. Thereafter, until its
Amortization Date, each Purchaser Interest shall be automatically recomputed (or deemed to be recomputed) on each day prior to its Amortization Date. The variable percentage represented by any Purchaser Interest as computed (or deemed recomputed) as
of the close of the business day immediately preceding its Amortization Date shall remain constant at all times after such Amortization Date. 

  
 I-13

 “Rating Agency” means each of S&P and Moody’s. 

“Receivable” means any indebtedness or obligations owed to Seller by an Obligor (without giving effect to any transfer
or conveyance hereunder) or in which the Seller has a security interest or other interest, whether constituting an account, chattel paper, instrument or general intangible, arising in connection with the sale of pharmaceutical and other products and
related services by the Originator to retail, chain and hospital pharmacies or drugstores and other healthcare facilities, and any other entities engaged in the sale or provision of pharmaceutical products and other products and related services,
including, without limitation, the obligation to pay any Finance Charges with respect thereto. Indebtedness and other rights and obligations arising from any one transaction, including, without limitation, indebtedness and other rights and
obligations represented by an individual invoice, shall constitute a Receivable separate from a Receivable consisting of the indebtedness and other rights and obligations arising from any other transaction. 

“Receivables Dilution Ratio” means, as of the last day of any Collection Period, a percentage equal to (i) the sum
of (A) the aggregate amount of Dilutions plus (B) an amount equal to the product of (x) 2.0% and (y) the aggregate Outstanding Balance of all Receivables (net of volume rebates) plus (C) the amount of volume
rebates during such Collection Period and the two (2) preceding Collection Periods, divided by (ii) the sum of the aggregate Outstanding Balance of all Receivables as of the last day of each of such three (3) Collection
Periods. 
 “Receivables Sale Agreement” means that certain Third Amended and Restated Receivables Sale
Agreement, dated as of May 18, 2011, between the Originator and the Seller (as amended, restated, supplemented or otherwise modified and in effect from time to time). 
 “Records” means, with respect to any Receivable, all Contracts and other documents, books, records and other information (including, without limitation, computer programs, tapes, disks,
punch cards, data processing software and related property and rights) relating to such Receivable, any Related Security therefor and the related Obligor. 
 “Reduction Notice” has the meaning set forth in Section 1.3. 
 “Reference Bank” means, with respect to any Purchaser Group at any time, the Committed Purchaser or Managing Agent in such Purchaser Group designated by the related Managing Agent to be
the “Reference Bank” for such Purchaser Group. 
 “Reinvestment” has the meaning set forth in
Section 2.2. 
 “Related Security” means, with respect to any Receivable: 

(i) all of Seller’s interest in the inventory and goods (including returned or repossessed inventory or goods), if
any, the sale of which by Originator gave rise to such Receivable, and all insurance contracts with respect thereto, 
 (ii) all other security interests or liens and property subject thereto from time to time, if any, purporting to secure payment of such Receivable, whether pursuant to the Contract related to such
Receivable or otherwise, together with all financing statements and security agreements describing any collateral securing such Receivable, 
 (iii) all guaranties, insurance and other agreements or arrangements of whatever character from time to time supporting or securing payment of such Receivable whether pursuant to the Contract related to
such Receivable or otherwise, 

  
 I-14

 (iv) all service contracts and other contracts and agreements associated
with such Receivable, 
 (v) all Records related to such Receivable, 

(vi) all of Seller’s right, title and interest in, to and under the Receivables Sale Agreement in respect of such
Receivable, and 
 (vii) all proceeds of any of the foregoing. 

“Required Capital Amount” means, as of any date of determination, an amount equal to the Net Receivables Balance
multiplied by 3%. 
 “Required Committed Purchasers” means, at any time, Committed Purchasers with
Commitments in excess of 66-2/3% of the Purchase Limit. 
 “Required Notice Period” means, with respect to any
Incremental Purchase or Aggregate Reduction, no later than 12:00 noon (Chicago time) on the Business Day immediately prior to the Business Day on which such Incremental Purchase or Aggregate Reduction, as applicable, is to occur. 

“Revolving Credit Agreement” means that certain Amended and Restated Credit Agreement, dated as of June 8, 2007
among McKesson and McKesson Canada Corporation, as Borrowers, Bank of America, N.A., as Administrative Agent, Bank of America, N.A. (acting through its Canada branch), as Canadian Administrative Agent, JPMorgan Chase and Wachovia Bank, N.A., as
Co-Syndication Agents, Wachovia Bank, N.A., as L/C Issuer, Scotia and The Bank of Tokyo-Mitsubishi UFJ, Ltd., Seattle Branch, as Co-Documentation Agents, the other Lenders party thereto and Banc of America Securities LLC, as sole Lead Arranger and
sole Book Manager (as amended, restated, supplemented or otherwise modified from time to time) providing a five year revolving credit facility in favor of McKesson. 
 “S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC business. 

“Seller” has the meaning set forth in the preamble to this Agreement. 

“Seller Interest” means, at any time, an undivided percentage ownership interest of Seller in the Receivables, Related
Security and all Collections with respect thereto equal to (i) one, minus (ii) the aggregate of the Purchaser Interests. 
 “Seller Parties” has the meaning set forth in the preamble to this Agreement. 
 “Servicer” means at any time the Person (which may be the Collateral Agent) then authorized pursuant to Article VIII to service, administer and collect Receivables. 

“Servicer Default” means any Amortization Event occurring with respect to the Servicer. 

“Servicing Fee” has the meaning set forth in Section 7.6 of this Agreement. 

“Settlement Date” means (A) the Monthly Settlement Date and (B) the last day of the relevant Tranche Period in
respect of each Purchaser Interest. 
 “Special Concentration Limit” means, at any time, with respect to any
Special Obligor (together with its Affiliates or subsidiaries), the product of (i) the applicable percentage set forth below corresponding to Moody’s and S&P short-term debt ratings for such Special Obligor at such time or such
percentage as may be otherwise set forth below with respect to such Special Obligor and (ii) the Net Receivables Balance at such time: 

  
 I-15

 Special Obligors with ratings at or above: 

 

											
	 S&P Rating
	  	 	 	  	Moody’s Rating	  	Percentage	 
	 A-1+
	  	 	and	  	  	P-1	  	 	14.50	% 
	 A-1
	  	 	and	  	  	P-1	  	 	9.57	% 
	 A-2 or lower or unrated
	  	 	and	  	  	P-2 or lower or unrated	  	 	7.25	% 

 provided, that notwithstanding the foregoing grid: 

(a) (i) for so long as the short-term public debt rating of CVS/Caremark Corporation from S&P is “A-2” or higher and
“P-2” or higher from Moody’s, the Special Concentration Limit for CVS/Caremark Corporation shall be 14.50%, (ii) for so long as the short-term public debt rating of CVS/Caremark Corporation is “A-3” from S&P and
“P-3” from Moody’s, the Special Concentration Limit for CVS/Caremark Corporation shall be 9.57% and (iii) for so long as the short-term public debt rating of CVS/Caremark Corporation is below “A-3” from S&P or below
“P-3” from Moody’s or for so long as CVS/Caremark Corporation is unrated by either S&P or Moody’s, the Special Concentration Limit for CVS/Caremark Corporation shall be 7.25%; 

(b) (i) for so long as the short-term public debt rating of Safeway Inc. from S&P is “A-3” or higher and from
Moody’s is “P-3” or higher, the Special Concentration Limit for Safeway Inc. shall be the product of (x) 9.57% and (y) the Net Receivables Balance at such time and (ii) for so long as the short-term public debt rating
of Safeway Inc. is below “A-3” from S&P or below “P-3” from Moody’s, or if the public debt of Safeway Inc. is unrated by either of Moody’s or S&P, the Standard Concentration Limit shall apply to such Obligor;

 (c) for so long as the short-term public debt rating of Wal-Mart Stores, Inc. from S&P is “A-1+” or higher and
from Moody’s is “P-1” or higher, the Special Concentration Limit for Wal-Mart Stores, Inc. shall be the product of (x) 21.75% and (y) the Net Receivables Balance at such time; and 

provided, further, that any Managing Agent may, upon not less than five (5) Business Days’ notice to Seller, cancel or reduce any
Special Concentration Limit. In the event that any Special Obligor is or becomes an Affiliate of another Special Obligor, the Special Concentration Limit for such Special Obligors shall be calculated as if such Obligors were a single Obligor in the
same manner as contemplated under the definition of “Concentration Limit”. 
 “Special Obligor” means
Wal-Mart Stores, Inc., CVS/Caremark Corporation, Target Corporation, Walgreen Co., Safeway, Inc. and such other Special Obligors as may be designated by the Managing Agents from time to time. 

“Standard Concentration Limit” means, at any time, with respect to any Obligor other than a Special Obligor, the product
of (i) 4.35% and (ii) the Net Receivables Balance at such time. 
 “Subsidiary” of a Person means
(i) any corporation more than 50% of the outstanding securities having ordinary voting power of which shall at the time be owned or controlled, directly or indirectly, by such Person or by one or more of its Subsidiaries or by such Person and
one or more of its Subsidiaries, or (ii) any partnership, association, joint venture or similar business organization more than 50% of the ownership interests having ordinary voting power of which shall at the time be so owned or controlled.

  
 I-16

 Unless otherwise expressly provided, all references herein to a “Subsidiary” shall mean a
Subsidiary of Seller. 
 “Terminating Committed Purchaser” has the meaning set forth in
Section 11.5. 
 “Terminating Tranche” has the meaning set forth in Section 3.3(b).

 “Termination Date” has the meaning set forth in Section 11.5. 

“Termination Percentage” means, with respect to any Terminating Committed Purchaser, a percentage equal to (i) the
Capital of such Terminating Committed Purchaser outstanding on its respective Termination Date, divided by (ii) the Aggregate Capital outstanding on such Termination Date. 

“Total Capitalization” means, on any date, the sum of (a) Total Debt and (b) the Net Worth on such date.

 “Total Debt” means, on any date, the difference of (i) all “Indebtedness” (as such term is
defined in the Revolving Credit Agreement) of the Originator and its Subsidiaries determined on a consolidated basis minus (ii) all such “Indebtedness” comprised of the Indebtedness incurred by the Seller under the Transaction
Documents. 
 “Tranche Period” means, with respect to any Purchaser Interest held by a Committed Purchaser:

 (a) if Yield for such Purchaser Interest is calculated on the basis of the LIBO Rate, (x) with respect to a Committed
Purchaser in a CP Funding Purchaser Group, a period of one, two, three or six months, or such other period as may be mutually agreeable to the applicable Managing Agent and Seller, commencing on a Business Day selected by Seller or such Managing
Agent pursuant to this Agreement. Such Tranche Period shall end on the day in the applicable succeeding calendar month which corresponds numerically to the beginning day of such Tranche Period, provided, however, that if there is no
such numerically corresponding day in such succeeding month, such Tranche Period shall end on the last Business Day of such succeeding month; or (y) with respect to a Committed Purchaser in a Bank Funding Purchaser Group, each Accrual Period;
or 
 (b) if Yield for such Purchaser Interest is calculated on the basis of the Base Rate, a period commencing on a Business
Day selected by Seller and agreed to by the applicable Managing Agent, provided no such period shall exceed one month. 
 If any Tranche Period
would end on a day which is not a Business Day, such Tranche Period shall end on the next succeeding Business Day, provided, however, that in the case of Tranche Periods corresponding to the LIBO Rate, if such next succeeding Business Day
falls in a new month, such Tranche Period shall end on the immediately preceding Business Day. In the case of any Tranche Period for any Purchaser Interest of which commences before the Amortization Date and would otherwise end on a date occurring
after the Amortization Date, such Tranche Period shall end on the Amortization Date. The duration of each Tranche Period which commences after the Amortization Date shall be of such duration as selected by the applicable Managing Agent. In no event
shall any Tranche Period extend beyond the Facility Termination Date. 
 “Transaction Documents” means,
collectively, this Agreement, each Purchase Notice, the Receivables Sale Agreement, each Collection Account Agreement, the Fee Letter, each Liquidity Agreement and all other instruments, documents and agreements executed and delivered in connection
herewith. 

  
 I-17

 “UCC” means the Uniform Commercial Code as from time to time in effect in
the specified jurisdiction. 
 “Weekly Report” means a report, in form and substance mutually acceptable to the
Seller and the Managing Agents (appropriately completed), furnished by the Servicer to the Managing Agents on each Weekly Reporting Date pursuant to Section 7.5, reflecting information for the seven (7) day period ending on the day
immediately preceding such Weekly Reporting Date. 
 “Weekly Reporting Date” means each Wednesday (or if such
day is not a Business Day, the next succeeding Business Day). 
 “Yield” means for each respective Tranche
Period relating to Purchaser Interests, an amount equal to the product of the applicable Discount Rate for each Purchaser Interest multiplied by the Capital of such Purchaser Interest for each day elapsed during such Tranche Period,
annualized on a 360 day basis. 
 All accounting terms not specifically defined herein shall be construed in accordance with
generally accepted accounting principles. All terms used in Article 9 of the UCC in the State of New York or California, as applicable, and not specifically defined herein, are used herein as defined in such Article 9. 

  
 I-18

 EXHIBIT II 
 FORM OF PURCHASE NOTICE 
 [Date] 

[Insert Names and Addresses of Managing Agents] 

Re: Purchase Notice 
 Ladies and
Gentlemen: 
 The undersigned refers to the Fourth Amended and Restated Receivables Purchase Agreement, dated as of May 18,
2011 (the “Receivables Purchase Agreement,” the terms defined therein being used herein as therein defined), among the undersigned, as Seller and McKesson Corporation, as initial Servicer, the “Conduit Purchasers” from
time to time party thereto, the “Committed Purchasers” from time to time party thereto, the “Managing Agents” from time to time parties thereto and JPMorgan Chase Bank, N.A., as Collateral Agent for the Purchasers, and hereby
gives you notice, irrevocably, pursuant to Section 1.2 of the Receivables Purchase Agreement, that the undersigned hereby requests an Incremental Purchase under the Receivables Purchase Agreement, and in that connection sets forth below
the information relating to such Incremental Purchase (the “Proposed Purchase”) as required by Section 1.2 of the Receivables Purchase Agreement: 
 (i) The Business Day of the Proposed Purchase is [insert purchase date], which date gives effect to the applicable Required Notice Period.[1] 

(ii) The requested Purchase Price in respect of the Proposed Purchase is
$            . 
 (iii) If the Proposed Purchase to be funded by the
Committed Purchasers, the requested Discount Rate is             and the requested Tranche Period is             . 

(iv) The requested maturity date for the Tranche Period is             .

 The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date of
the Proposed Purchase (before and after giving effect to the Proposed Purchase): 
 (i) the representations and warranties of
the undersigned set forth in Section 5.1 of the Receivables Purchase Agreement are true and correct on and as of the date of such Proposed Purchase as though made on and as of such date; 

(ii) no event has occurred and is continuing, or would result from such Proposed Purchase, that will constitute an Amortization Event or
a Potential Amortization Event; and 
  

	1	“Required Notice Period” means, with respect to any Incremental Purchase or Aggregate Reduction, no later than 12:00 noon (Chicago time) on the Business Day
immediately prior to the Business Day on which such Incremental Purchase or Aggregate Reduction, as applicable, is to occur. 

  
 II-1

 (iii) the Facility Termination Date shall not have occurred, the aggregate Capital of all
Purchaser Interests shall not exceed the Purchase Limit and the aggregate Receivable Interests shall not exceed 100%. 

  
 II-2

 
			
	 Very truly yours,

 

	 CGSF FUNDING CORPORATION

		
	 By:
	 	 
		 	Name:
		 	Title:

  
 II-3

 EXHIBIT II-A 
 FORM OF REDUCTION NOTICE 
 [Date] 

[Insert Names of Managing Agents] 
  

	 	Re:	Reduction Notice 

 Ladies and Gentlemen:

 Reference is hereby made to the Fourth Amended and Restated Receivables Purchase Agreement, dated as of May 18, 2011, by
and among CGSF Funding Corporation (the “Seller”), McKesson Corporation, as servicer, the Conduit Purchasers from time to time party thereto, the Committed Purchasers from time to time party thereto, the Managing Agents from time to
time party thereto and JPMorgan Chase Bank, N.A., as Collateral Agent (the “Receivables Purchase Agreement”). Capitalized terms used herein shall have the meanings assigned to such terms in the Receivables Purchase Agreement.

 The Managing Agents are hereby notified of the following Aggregate Reduction: 

 

			
	 Aggregate Reduction:
	  	$[                        ]
	 Proposed Reduction Date: [2]
	  	[             ]

 The Aggregate Reduction will be made in available funds (by 12:00 noon New York City time) to: [Insert
Names and Wiring Instructions for Managing Agents] 
 After giving effect to such Aggregate Reduction made on the Proposed
Reduction Date, the Aggregate Capital is $[•]. 
  

			
	 Very truly yours,

	
	CGSF FUNDING CORPORATION
		
	By:	 	 
		 	Name:
		 	Title:

  

	2 	 “Required Notice Period” means, with respect to any Incremental Purchase or Aggregate Reduction, no later than 12:00 noon (Chicago time) on
the Business Day immediately prior to the Business Day on which such Incremental Purchase or Aggregate Reduction, as applicable, is to occur. 

  
 II-A-1

 EXHIBIT III 
 PLACES OF BUSINESS OF THE SELLER PARTIES; 
 LOCATIONS OF RECORDS;

 FEDERAL EMPLOYER IDENTIFICATION NUMBER(S) 

 

					
	 	  	 CGSF Funding Corporation
	  	 McKesson Corporation

	 Principal Place of Business
	  	 One Post Street
 San Francisco CA 94104
	  	 One Post Street
 San Francisco, CA 94104

	 Location of Records
	  	 One Post Street
 San Francisco, CA 94104 Customer and Financial Services 1220 Senlac Drive
 Carrollton, TX 75006
	  	 One Post Street
 San Francisco, CA 94104 Customer and Financial Services 1220 Senlac Drive
 Carrollton, TX 75006

	 FEIN
	  	94-3269972	  	94-3207296

  
 III-1

 EXHIBIT IV 
 [RESERVED.] 

  
 IV-1

 EXHIBIT V 
 FORM OF COMPLIANCE CERTIFICATE 
 To: [Insert Names of Managing Agents] 

This Compliance Certificate is furnished pursuant to that certain Fourth Amended and Restated Receivables Purchase Agreement dated as of
May 18, 2011 among CGSF Funding Corporation (the “Seller”), McKesson Corporation (the “Servicer”), the “Conduit Purchasers” from time to time party thereto, the “Committed Purchasers” from
time to time party thereto, the “Managing Agents” from time to time parties thereto and JPMorgan Chase Bank, N.A., as Collateral Agent for the Purchasers (as amended, restated, supplemented or otherwise modified from time to time, the
“Agreement”). 
 THE UNDERSIGNED HEREBY CERTIFIES THAT: 

1. I am the duly elected of Seller. 
 2. I have reviewed the terms of the Agreement and I have made, or have caused to be made under my supervision, a detailed review of the transactions and conditions of Seller and its Subsidiaries during
the accounting period covered by the attached financial statements. 
 3. The examinations described in paragraph 2 did not
disclose, and I have no knowledge of, the existence of any condition or event which constitutes an Amortization Event or Potential Amortization Event, as each such term is defined under the Agreement, during or at the end of the accounting period
covered by the attached financial statements or as of the date of this Certificate, except as set forth in paragraph 5 below. 

4. Schedule I attached hereto sets forth financial data and computations evidencing the compliance with certain covenants of the
Agreement, all of which data and computations are true, complete and correct. 
 5. Described below are the exceptions, if any,
to paragraph 3 by listing, in detail, the nature of the condition or event, the period during which it has existed and the action which Seller has taken, is taking, or proposes to take with respect to each such condition or event: 

[describe event(s)] 
 The foregoing certifications, together with the computations set forth in Schedule I hereto and the financial statements delivered with this Certificate in support hereof, are made and delivered
this day of ,            . 
  

	
	  
	Name:
	Title:

  
 V-1

 SCHEDULE I TO COMPLIANCE CERTIFICATE 
 A. Schedule of Compliance as of             ,             with Section
            of the Agreement. Unless otherwise defined herein, the terms used in this Compliance Certificate have the meanings ascribed thereto in the Agreement. 

This schedule relates to the month ended:              

  
 V-2

 EXHIBIT VI 
 FORM OF ASSIGNMENT AGREEMENT 
 THIS ASSIGNMENT AGREEMENT is entered into as
of the [            ] day of [            ,             ], by and
between              (“Seller”) and             (“Purchaser”). 

PRELIMINARY STATEMENTS 
 A. This Assignment Agreement is being executed and delivered in accordance with Section 11.1(b) of that certain Fourth Amended and Restated Receivables Purchase Agreement dated as of
May 18, 2011 by and among CGSF Funding Corporation, as Seller, McKesson Corporation, as Servicer, the “Conduit Purchasers” from time to time party thereto, the “Committed Purchasers” from time to time party thereto, the
“Managing Agents” from time to time parties thereto and JPMorgan Chase Bank, N.A., as Collateral Agent for the Purchasers (as amended, modified or restated from time to time, the “Purchase Agreement”). Capitalized terms
used and not otherwise defined herein are used with the meanings set forth or incorporated by reference in the Purchase Agreement. 
 B. The Seller is a Committed Purchaser party to the Purchase Agreement, and the Purchaser wishes to become a Committed Purchaser thereunder; and 

C. The Seller is selling and assigning to the Purchaser an undivided
            % (the “Transferred Percentage”) interest in all of Seller’s rights and obligations under the Purchase Agreement and the Transaction Documents, including,
without limitation, the Seller’s Commitment, the Seller’s obligations under [describe applicable Liquidity Agreement] and (if applicable) the Capital of the Seller’s Purchaser Interests as set forth herein; 

The parties hereto hereby agree as follows: 
 1. This sale, transfer and assignment effected by this Assignment Agreement shall become effective (the “Effective Date”) two (2) Business Days (or such other date selected by the
Collateral Agent in its sole discretion) following the date on which a notice substantially in the form of Schedule II to this Assignment Agreement (“Effective Notice”) is delivered by the Collateral Agent to the Conduit
Purchasers, the Seller and the Purchaser. From and after the Effective Date, the Purchaser shall be a Committed Purchaser party to the Purchase Agreement for all purposes thereof as if the Purchaser were an original party thereto and the Purchaser
agrees to be bound by all of the terms and provisions contained therein. 
 2. If the Seller has no outstanding Capital under
the Purchase Agreement, on the Effective Date, Seller shall be deemed to have hereby transferred and assigned to the Purchaser, without recourse, representation or warranty (except as provided in paragraph 6 below), and the Purchaser shall be deemed
to have hereby irrevocably taken, received and assumed from the Seller, the Transferred Percentage of the Seller’s Commitment and all rights and obligations associated therewith under the terms of the Purchase Agreement, including, without
limitation, the Transferred Percentage of the Seller’s future funding obligations under Section 4.1 of the Purchase Agreement. 
 3. If the Seller has any outstanding Capital under the Purchase Agreement, at or before 12:00 noon, local time of the Seller, on the Effective Date the Purchaser shall pay to the Seller, in immediately
available funds, an amount equal to the sum of (i) the Transferred Percentage of the outstanding Capital of the Seller’s Purchaser Interests (such amount, being hereinafter referred to as the “Purchaser’s Capital”);
(ii) all accrued but unpaid (whether or not then due) Yield attributable to the 

  
 VI-1

 Purchaser’s Capital; and (iii) accruing but unpaid fees and other costs and expenses payable in
respect of the Purchaser’s Capital for the period commencing upon each date such unpaid amounts commence accruing, to and including the Effective Date (the “Purchaser’s Acquisition Cost”); 

whereupon, the Seller shall be deemed to have sold, transferred and assigned to the Purchaser, without recourse, representation or warranty (except as
provided in paragraph 6 below), and the Purchaser shall be deemed to have hereby irrevocably taken, received and assumed from the Seller, the Transferred Percentage of the Seller’s Commitment and the Capital of the Seller’s Purchaser
Interests (if applicable) and all related rights and obligations under the Purchase Agreement and the Transaction Documents, including, without limitation, the Transferred Percentage of the Seller’s future funding obligations under
Section 4.1 of the Purchase Agreement. 
 4. Concurrently with the execution and delivery hereof, the Seller will
provide to the Purchaser copies of all documents requested by the Purchaser which were delivered to such Seller pursuant to the Purchase Agreement. 
 5. Each of the parties to this Assignment Agreement agrees that at any time and from time to time upon the written request of any other party, it will execute and deliver such further documents and do
such further acts and things as such other party may reasonably request in order to effect the purposes of this Assignment Agreement. 
 6. By executing and delivering this Assignment Agreement, the Seller and the Purchaser confirm to and agree with each other, the Collateral Agent and the Committed Purchasers as follows: (a) other
than the representation and warranty that it has not created any Adverse Claim upon any interest being transferred hereunder, the Seller makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or
representations made by any other Person in or in connection with the Purchase Agreement or the Transaction Documents or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Purchaser, the Purchase Agreement or
any other instrument or document furnished pursuant thereto or the perfection, priority, condition, value or sufficiency of any collateral; (b) the Seller makes no representation or warranty and assumes no responsibility with respect to the
financial condition of the Seller, any Obligor, any Seller Affiliate or the performance or observance by the Seller, any Obligor, any Seller Affiliate of any of their respective obligations under the Transaction Documents or any other instrument or
document furnished pursuant thereto or in connection therewith; (c) the Purchaser confirms that it has received a copy of the Transaction Documents, together with such other documents and information as it has deemed appropriate to make its own
credit analysis and decision to enter into this Assignment Agreement; (d) the Purchaser will, independently and without reliance upon the Collateral Agent, the Conduit Purchasers, the Seller or any other Committed Purchaser or Purchaser and
based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Purchase Agreement and the Transaction Documents; (e) the Purchaser appoints
and authorizes the Collateral Agent to take such action as collateral agent on its behalf and to exercise such powers under the Transaction Documents as are delegated to the Collateral Agent by the terms thereof, together with such powers as are
reasonably incidental thereto; (f) the Purchaser appoints and authorizes the Collateral Agent to take such action as collateral agent on its behalf and to exercise such powers under the Transaction Documents as are delegated to the Collateral
Agent by the terms thereof, together with such powers as are reasonably incidental thereto; and (g) the Purchaser agrees that it will perform in accordance with their terms all of the obligations which, by the terms of the Purchase Agreement
and the Transaction Documents, are required to be performed by it as a Committed Purchaser or, when applicable, as a Purchaser. 

  
 VI-2

 7. Each party hereto represents and warrants to and agrees with the Collateral Agent that it
is aware of and will comply with the provisions of the Purchase Agreement, including, without limitation, Sections 4.1 and 14.6 thereof. 
 8. Schedule I hereto sets forth the revised Commitment of the Seller and the Commitment of the Purchaser, as well as administrative information with respect to the Purchaser. 

9. THIS ASSIGNMENT AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

10. The Purchaser hereby covenants and agrees that, prior to the date which is one year and one day after the payment in full of all
senior indebtedness for borrowed money of the Conduits, it will not institute against, or join any other Person in instituting against, any Conduit, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or other similar
proceeding under the laws of the United States or any state of the United States. 
 IN WITNESS WHEREOF, the parties hereto have
caused this Assignment Agreement to be executed by their respective duly authorized officers of the date hereof. 
  

			
	[SELLER]
		
	By:	 	  

		 	Name:
		 	Title:
	
	[PURCHASER]
		
	By:	 	  

		 	Name:
		 	Title:

  
 VI-3

 SCHEDULE I TO ASSIGNMENT AGREEMENT 

LIST OF LENDING OFFICES, ADDRESSES 
 FOR NOTICES AND COMMITMENT AMOUNTS 
 Date:
                ,              
 Transferred Percentage:             % 
  

									
	 	  	A-1	  	A-2	  	B-1	  	B-2
	 Seller
	  	Commitment
[existing]	  	Commitment
[revised]	  	Outstanding
Capital (if any)	  	Ratable Share

  

							
	 	  	A-1	  	B-1	  	B-2
	 Purchaser
	  	Commitment
[initial]	  	Outstanding
Capital (if any)	  	Ratable Share
		  	  
	  	  
	  	  

 The Assignee is a member of a [Bank][CP] Funding Purchaser Group. 

Address for Notices 
  

 
 Attention: 

Phone: 
 Fax: 

  
 V1-4

 SCHEDULE II TO ASSIGNMENT AGREEMENT 

EFFECTIVE NOTICE 
  

					
	 TO:
	 	              , Seller	  	
	 	 	  
	  	 
	 	 	  
	  	 
	 	 	  
	  	 
			
	 TO:
	 	                            
, Purchaser	  	
	 	 	  
	  	 
	 	 	  
	  	 
	 	 	  
	  	 

 The undersigned, as Collateral Agent under the Fourth Amended and Restated Receivables Purchase Agreement
dated as of May 18, 2011 by and among CGSF Funding Corporation, as Seller, McKesson Corporation, as Servicer, the “Conduit Purchasers” from time to time party thereto, the “Committed Purchasers” from time to time party
thereto, the “Managing Agents” from time to time parties thereto and JPMorgan Chase Bank, N.A., as Collateral Agent for the Purchasers, hereby acknowledges receipt of executed counterparts of a completed Assignment Agreement dated as of
            ,             between             , as Seller, and
            , as Purchaser. Terms defined in such Assignment Agreement are used herein as therein defined. 
 1. Pursuant to such Assignment Agreement, you are advised that the Effective Date will be             ,     . 

2. The Managing Agent, on behalf of the affected Conduits, hereby consents to the Assignment Agreement as required by
Section 12.1(b) of the Purchase Agreement. 

  
 VI-5

 [3. Pursuant to such Assignment Agreement, the Purchaser is required to pay
$            to the Seller at or before 12:00 noon (local time of the Seller) on the Effective Date in immediately available funds.] 

 

			
	 Very truly yours,

 

	
JPMORGAN CHASE BANK, N.A., individually and as

Collateral Agent [and a Managing Agent]

		
	 By:
	 	 
		 	Title:

  
 VI-6

 EXHIBIT VII 
 FORM OF JOINDER AGREEMENT 
 Reference is made to the Fourth Amended and
Restated Receivables Purchase Agreement dated as of May 18, 2011 (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Agreement”), among CGSF Funding Corporation (the
“Seller”), McKesson Corporation, as initial Servicer (together with its successors and assigns, the “Servicer”), the “Conduit Purchasers” from time to time party thereto, the “Committed
Purchasers” from time to time party thereto, the “Managing Agents” from time to time party thereto and JPMorgan Chase Bank, N.A., as collateral agent (the “Collateral Agent”). To the extent not defined herein,
capitalized terms used herein have the meanings assigned to such terms in the Agreement. 

            (the “New Managing Agent”),
            (the “New Conduit Purchaser”),             (the “New Committed Purchaser[s]”; and
together with the New Managing Agent and New Conduit Purchaser , the “New Purchaser Group”), the Seller, the Servicer and the Collateral Agent agree as follows: 

1. Pursuant to Section 12.3 of the Agreement, the Seller has requested that the New Purchaser Group agree to become a
“Purchaser Group” under the Agreement. 
 2. The effective date (the “Effective Date”) of this
Joinder Agreement shall be the later of (i) the date on which a fully executed copy of this Joinder Agreement is delivered to the Collateral Agent and (ii) the date of this Joinder Agreement. 

3. By executing and delivering this Joinder Agreement, each of the New Managing Agent, the New Conduit Purchaser and the New Committed
Purchaser[s] confirms to and agrees with each other party to the Agreement that (i) it has received a copy of the Agreement and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to
enter into this Joinder Agreement; (ii) it will, independently and without reliance upon the Collateral Agent, the other Managing Agents, the other Purchasers or any of their respective Affiliates, and based on such documents and information as
it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Agreement or any Transaction Document; (iii) it appoints and authorizes the Collateral Agent to take such action as agent
on its behalf and to exercise such powers under the Agreement, the Transaction Documents and any other instrument or document pursuant thereto as are delegated to the Collateral Agent by the terms thereof, together with such powers as are reasonably
incidental thereto and to enforce its respective rights and interests in and under the Agreement, the Transaction Documents, the Receivables, the Related Security and the Collections; (iv) it will perform all of the obligations which by the
terms of the Agreement and the Transaction Documents are required to be performed by it as a Managing Agent, a Conduit Purchaser and a Committed Purchaser, respectively; (v) its address for notices shall be the office set forth beneath its name
on the signature pages of this Joinder Agreement; and (vi) it is duly authorized to enter into this Joinder Agreement. 

4. On the Effective Date of this Joinder Agreement, each of the New Managing Agent, the New Conduit Purchaser and the New Committed
Purchaser[s] shall join in and be a party to the Agreement and, to the extent provided in this Joinder Agreement, shall have the rights and obligations of a Managing Agent, a Conduit Purchaser and a Committed Purchaser, respectively, under the
Agreement. 
 5. This Joinder Agreement may be executed by one or more of the parties on any number of separate counterparts,
and all of said counterparts taken together shall be deemed to constitute one and the same instrument. 

  
 VII-1

 6. This Joinder Agreement shall be governed by, and construed in accordance with, the laws
of the State of New York. 
 IN WITNESS WHEREOF, the parties hereto have caused this Joinder Agreement to be executed by their
respective officers thereunto duly authorized, as of the date first above written, such execution being made on Schedule I hereto. 

  
 VII-2

 Schedule I 
 to 
 Joinder Agreement 

Dated             ,
20             
 Section 1. 

The “CP Rate” for any Tranche Period for any Purchaser Interest owned by the New Conduit Purchaser is
[            ]. 
 The “LIBO Rate” for any Tranche Period
for any Purchaser Interest funded by any member of the New Purchaser Group is [            ]. 
 The “Base Rate” for any Tranche Period for any Purchaser Interest owned by the New Purchaser Group is [            ]. 

The New Purchaser Group is a [Bank][CP] Funding Purchaser Group. 
 Section 2. 
 The “Commitment[s]” with respect to the New
Committed Purchaser[s] [is][are]: 
  

			
	[New Committed Purchaser]	 	$[            ]

  

							
	 NEW CONDUIT PURCHASER:
	 		 	[NEW CONDUIT PURCHASER]
				
		 		 	By:	 	 
		 		 		 	Name:
		 		 		 	Title:

  

							
	 NEW COMMITTED PURCHASER[S]:
	 		 	 Address for notices:

[Address]
  
 [NEW COMMITTED PURCHASER]

				
		 		 	By:	 	 
		 		 		 	Name:
		 		 		 	Title:

  

							
	 NEW MANAGING AGENT:
	 		 	 Address for notices:

[Address]
  
 [NEW MANAGING AGENT]

				
		 		 	By:	 	 
		 		 		 	Name:
		 		 		 	Title:
		 		 		 	
		 		 	 Address for notices:

[Address]

  
 VII-3

 Consented to this             day of
            , 20            by: 
  

			
	 CGSF FUNDING CORPORATION
 as Seller

		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	 MCKESSON CORPORATION
 as Servicer

		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	 JPMORGAN CHASE BANK, N.A., as Collateral Agent

		
	By:	 	 
	Name:	 	
	Title:	 	

 [SIGNATURE BLOCK FOR EACH MANAGING AGENT] 
 as A Managing Agent 

  
 VII-4

 SCHEDULE A 
 PURCHASER GROUPS AND COMMITMENTS 
  

											
	Purchaser Group	  	Conduit Purchaser(s)	  	
Purchaser

Group Type
	  	Committed Purchaser(s)	  	Commitment	  	 Purchaser
 Group Limit

	 JPMorgan Purchaser
 Group
	  	Jupiter Securitization Company LLC	  	CP Funding Purchaser Group	  	JPMorgan Chase Bank, N.A.	  	$250,000,000	  	$250,000,000
	 Scotia Purchaser
 Group
	  	Liberty Street Funding LLC	  	CP Funding Purchaser Group	  	The Bank of Nova Scotia	  	$200,000,000	  	$200,000,000
	 Rabobank Purchaser
 Group
	  	Nieuw Amsterdam Receivables Corporation	  	CP Funding Purchaser Group	  	Cooperatieve Centrale Raiffeisen- Boerenleenbank B.A., “Rabobank International”, New York Branch	  	$150,000,000	  	$150,000,000
	 BTMU Purchaser
 Group
	  	Gotham Funding Corporation	  	CP Funding Purchaser Group	  	The Bank of Tokyo-Mitsubishi UFJ Ltd., New York Branch	  	$200,000,000	  	$200,000,000
	 Bank of America
 Purchaser Group
	  	N/A	  	Bank Funding Purchaser Group	  	Bank of America, N.A.	  	$150,000,000	  	$150,000,000
	 PNC Purchaser
 Group
	  	Market Street Funding LLC	  	CP Funding Purchaser Group	  	PNC Bank, National Association	  	$150,000,000	  	$150,000,000
	 Fifth Third Purchaser
 Group
	  	N/A	  	Bank Funding Purchaser Group	  	Fifth Third Bank	  	$150,000,000	  	$150,000,000
	 HSBC Purchaser
 Group
	  	Bryant Park Funding LLC	  	CP Funding Purchaser Group	  	HSBC Bank plc	  	$100,000,000	  	$100,000,000
	 	  	 	  	 	  	TOTAL	  	$1,350,000,000	  	$1,350,000,000

  
 A-1

 SCHEDULE B 
 PURCHASER GROUP NOTICE 
  

			
	Purchaser Group	  	Notice Address
	 JPMorgan Purchaser Group
	  	JPMorgan Chase Bank, N.A.
		  	10 South Dearborn Street
		  	Suite IL1-0079
		  	Chicago, IL 60670
		  	Attn: Asset Backed Securities
		  	Fax: (312) 732-1844
		  	Tel: (312) 732-2722
		
	 Scotia Purchaser Group
	  	The Bank of Nova Scotia
		  	One Liberty Plaza
		  	New York, New York 10006
		  	Attn: Darren Ward
		  	Fax: (212) 225-5274
		  	Tel: (212) 225-5264
		
	 Rabobank Purchaser Group
	  	Cooperatieve Centrale Raiffeisen-
		  	Boerenleenbank B.A., “Rabobank
		  	International”, New York Branch
		  	245 Park Avenue, 37th Floor
		  	New York, New York 10167
		  	Attn: Transaction Management
		  	Fax: (914) 304-9324
		  	Tel: (212) 808-6818
		
	 BTMU Purchaser Group
	  	The Bank of Tokyo-Mitsubishi UFJ,
		  	Ltd., New York Branch
		  	1251 Avenue of the Americas
		  	New York, New York 10020
		  	Attn: John Donoghue
		  	Fax: (212) 782-6448
		  	Tel: (212) 782-4537
		
	 Bank of America Purchaser Group
	  	Bank of America, N.A.
		  	214 North Tryon Street
		  	NC1-027-21-04
		  	Charlotte, NC 28202
		  	Attn: Securitization Finance Group
		  	Fax: (980) 387-2828
		  	Tel: (980) 388-9464

  
 B-1

			
	Purchaser Group	  	Notice Address
	 PNC Purchaser Group
	  	PNC Bank, National Association
		  	One PNC Plaza
		  	249 Fifth Avenue
		  	Pittsburgh, Pennsylvania 15222
		  	Attn: Tony Stahley
		  	Fax: (412) 762-9184
		  	Tel: (412) 768-2266
		
	 Fifth Third Purchaser Group
	  	Fifth Third Bank
		  	38 Fountain Square Plaza
		  	MD 109046
		  	Cincinnati, OH 45202
		  	Attn: Asset Securitization Group
		  	Fax: (513) 534-0319
		  	Tel: (513) 534-0836
		
	 HSBC Purchaser Group
	  	HSBC Securities (USA), Inc.
		  	452 Fifth Avenue
		  	New York, New York 10018
		  	Attn: Thomas A. Carroll, Director
		  	Fax: (646) 366-3476
		  	Tel: (212) 525-2059

  
 B-2Form of Statement of Terms and Conditions

 Exhibit 10.2 
 OUTSIDE DIRECTORS 
 FORM OF 

McKESSON CORPORATION 
 STATEMENT OF TERMS AND CONDITIONS APPLICABLE TO 
 RESTRICTED STOCK UNITS
GRANTED TO 
 OUTSIDE DIRECTORS PURSUANT TO THE 2005 STOCK PLAN 

(Effective as of October 26, 2010) 
  

	I.	 INTRODUCTION 

 The following terms and conditions shall apply to Restricted Stock Unit Awards granted under the Plan to Outside Directors eligible to participate in the Plan. This Statement of Terms and Conditions is
intended to meet the requirements of Code Section 409A and any regulations and rules promulgated thereunder and is subject to the terms and conditions of the Plan. In the event of any inconsistency between this Statement of Terms and Conditions
and the Plan, the Plan shall govern. Capitalized terms not otherwise defined in this Statement of Terms and Conditions shall have the meaning set forth in the Plan. 
  

	II.	 RESTRICTED STOCK UNITS 

 1.    Award Agreement.    A Restricted Stock Unit Award granted to an Outside Director under the Plan shall be evidenced by a Restricted Stock Unit Agreement
to be executed by the Outside Director and the Corporation setting forth the terms and conditions of the Restricted Stock Unit Award. Each Restricted Stock Unit Grant Notice, which sets forth certain terms of the Restricted Stock Unit Award, shall
incorporate by reference and be subject to this Statement of Terms and Conditions and together both documents shall constitute the Restricted Stock Unit Agreement. The Restricted Stock Unit Award is also subject to the terms and conditions of the
Plan. 
 2.    Terms and Conditions.    The Administrator
administering the Plan has authority to determine the Outside Directors to whom, and the time or times at which, grants of Restricted Stock Units will be made, the number of Units to be awarded, and all other terms and conditions of such awards.
With respect to annual Restricted Stock Unit Awards granted to Outside Directors under the Plan, such awards shall contain the following terms, conditions and restrictions. 

(A)    Grant Date.    Each Outside Director may be granted a Restricted
Stock Unit Award on the date of each annual meeting of stockholders. An Outside Director that is elected to the Board between annual meetings of stockholders may also be granted a Restricted Stock Unit Award on the date that the Board determines in
its sole discretion. 
 (B)    Number of Restricted Stock
Units.    The number of Restricted Stock Units granted for the annual grant will be determined by dividing the closing stock price on the date of grant into $150,000 (with any fractional unit rounded up to the nearest whole
unit) so long as the number of Restricted Stock Units does not exceed 5,000 in any year. A newly elected Outside Director may receive a prorated grant effective upon the date of his or her election to the Board. 

  

					
	 2005 Stock Plan Form STCs (Directors)
	 	1	  	

 Outside Directors 

 
 (C)    No
Restrictions.    Each Restricted Stock Unit Award granted to an Outside Director will be fully vested on the date of grant. 
 3.    Dividend Equivalents.    Dividend equivalents in respect of Restricted Stock Units may be credited on behalf of an Outside Director to a deferred cash
account or converted into additional Restricted Stock Units, which will be subject to all of the terms and conditions of the underlying Restricted Stock Unit Award. Currently, dividend equivalents in respect of Restricted Stock Units granted to
Outside Directors are credited to a deferred cash account. Cash dividends, along with accrued interest (if any) on such cash dividends, shall be paid in a lump sum at the same time that the Shares underlying the Restricted Stock Unit to which the
cash dividends relate, are distributed. 

4.    Assignability.    An Outside Director shall not be permitted to
sell, transfer, pledge, assign or encumber Restricted Stock Units, other than pursuant to a qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act. 

5.    No Stockholder Rights.    Neither an Outside Director nor any person
entitled to exercise an Outside Director’s rights in the event of the Outside Director’s death shall have any of the rights of a stockholder with respect to the Share Equivalents subject to a Restricted Stock Unit Award except to the
extent that a book entry has been entered in the records of the Corporation’s transfer agent with respect to the underlying Shares upon the payment of any Restricted Stock Unit Award as described in Section II.6 below. 

6.    Time of Payment of Restricted Stock Units.    Except as noted in
Section II.7 below, Restricted Stock Units granted to Outside Directors shall not be paid until after the Outside Director’s separation from service with the Corporation (“Automatic Deferral Requirement”). “Separation of
service” shall have the meaning provided under the McKesson Corporation Deferred Compensation Administration Plan III (“DCAP III”). Payment shall be made in Shares in the form of an appropriate book entry entered in the records of the
Corporation’s transfer agent recording the Outside Director’s unrestricted interest in the number of Shares equal to the number of Share Equivalents subject to the Restricted Stock Unit Award. 

7.    Satisfaction of Director Stock Ownership Guidelines.    For those
Outside Directors who have met the Director Stock Ownership Guidelines in effect at the time, Restricted Stock Unit grants made on or after the date of the annual meeting of stockholders held on July 23, 2008 shall not be subject to the
Automatic Deferral Requirement and such grants will be immediately converted into Shares and distributed to the Outside Director; provided, however, that the Outside Director may elect to defer receipt of the Shares underlying the Restricted Stock
Units. 
 8.    Deferrals of Restricted Stock Units.    Deferrals
of Restricted Stock Units, whether elective or pursuant to the Automatic Deferral Requirement, shall be subject to the terms and conditions of DCAP III. 

  
 2 

 Outside Directors 

 
  

	III.	 MISCELLANEOUS 

 1.    No Effect on Terms of Service with the Corporation.    Nothing contained in the Plan or the Restricted Stock Unit Agreement shall affect the
Corporation’s right to terminate the service of any Outside Director. 

2.    Grants to Outside Directors in Foreign Countries.    If an Outside
Director is not a United States citizen, the Board has the full discretion to deviate from this Statement of Terms and Conditions in order to adjust a Restricted Stock Unit Award to prevailing local conditions, including custom and legal and tax
requirements. Furthermore, the Corporation reserves the right to impose other requirements on the Outside Director’s participation in the Plan on the Award and on any Shares acquired under the Plan, to the extent the Corporation determines it
is necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require the Outside Director to sign any additional agreements or undertaking that may be necessary to accomplish the foregoing.

 3.    Information Notification.    Any information required to
be given under the terms of a Restricted Stock Unit Award shall be addressed to the Corporation in care of its Corporate Secretary at McKesson Corporation, One Post Street, 35th Floor, San Francisco, California 94104, and any notice to be given to an Outside Director shall be addressed to him or
her at the address indicated beneath his or her name on the Restricted Stock Unit Agreement or such other address as either party may designate in writing to the other. Any such notice shall be deemed to have been duly given when enclosed in a
properly sealed envelope or wrapper addressed as aforesaid, registered or certified and deposited (postage or registration or certification fee prepaid) in a post office or branch post office. 

4.    Administrator Decisions Conclusive.    All decisions of the
Administrator administering the Plan upon any questions arising under the Plan or under the Restricted Stock Unit Agreement, shall be conclusive. 
 5.    No Effect on Other Benefit Plans.    Nothing herein contained shall affect an Outside Director’s right, if any, to participate in and receive
benefits from and in accordance with the then current provisions of any benefit plan or program offered by the Corporation. 
 6.    Withholding.    Each Outside Director shall agree to make appropriate arrangements with the Corporation for satisfaction of any applicable federal,
state or local income tax withholding requirements or payroll tax requirements, if any is required. 

7.    Successors.    The Restricted Stock Unit Agreement shall be binding
upon and inure to the benefit of any successor or successors of the Corporation. “Outside Director” as used herein shall include the Outside Director’s Beneficiary. 

8.    Delaware Law.    The interpretation, performance, and enforcement of
all Restricted Stock Unit Agreements shall be governed by the laws of the State of Delaware. 

  
 3 

 CHIEF EXECUTIVE OFFICER 

McKESSON CORPORATION 
 STATEMENT OF TERMS AND CONDITIONS APPLICABLE TO 
 OPTIONS, RESTRICTED
STOCK, RESTRICTED STOCK UNITS AND 
 PERFORMANCE SHARES GRANTED TO CHIEF EXECUTIVE 

OFFICER PURSUANT TO THE 2005 STOCK PLAN 
 (Effective as of May 22, 2012) 
  

	I.	 INTRODUCTION 

 The following terms and conditions shall apply to an Award granted under the Plan. This Statement of Terms and Conditions is intended to meet the requirements of Code Section 409A and any rules
promulgated thereunder and is subject to the terms and conditions of the Plan. In the event of any inconsistency between this Statement of Terms and Conditions and the Plan, the Plan shall govern. Capitalized terms not otherwise defined in this
Statement of Terms and Conditions shall have the meaning set forth in the Plan. 
  

	II.	 OPTIONS 

 1.    Option Agreement.    An Option granted under the Plan shall be evidenced by an Option Agreement setting forth the terms and conditions of the Option,
including whether the Option is an Incentive Stock Option or a Nonstatutory Stock Option and the number Shares subject to the Option. Each Stock Option Grant Notice shall incorporate by reference and be subject to this Statement of Terms and
Conditions and together both documents shall constitute the Option Agreement. The Option is also subject to the terms and conditions of the Plan. 
 2.    Exercise Price.    The Exercise Price of an Option, as specified in the Option Agreement, shall be equal to or greater than the Fair Market Value of
the Shares underlying the Option on the Grant Date. 
 3.    Option
Period.    An Option shall be exercisable only during the applicable Option Period, and during such Option Period the exercisability of the Option shall be subject to the vesting provisions of Section II.4 as modified by
the rules set forth in Sections II.5 and V. The Option Period shall be not more than seven years from the Grant Date. 
 4.    Vesting of Right to Exercise Options. 
 (A)    Except as provided in Sections II.5 and V, an Option shall be exercisable during the Option Period in accordance with the following vesting schedule: (i) 25% of
the Shares subject to the Option shall vest on the first anniversary of the Grant Date; (ii) an additional 25% of the Shares shall vest on the second anniversary of the Grant Date; (iii) an additional 25% of the Shares shall vest on the
third anniversary of the Grant Date; and (iv) the remaining 25% of the Shares subject to the Option shall vest on the fourth anniversary of the Grant Date. Notwithstanding the foregoing, the Administrator may specify a different vesting
schedule at the time the Option is granted, which will be specified in the Option Grant Notice. 

  

					
	 2005 Stock Plan Form STCs (Other EOs) May 2012
	 	1	  	

 CEO 
  

(B)    Any vested portion of an Option not exercised hereunder shall accumulate and be exercisable at
any time on or before the Termination Date, subject to the rules set forth in Sections II.5 and V. No Option may be exercised for less than 5% of the total number of Shares then available for exercise under such Option. In no event shall the
Corporation be required to issue fractional Shares. 
 5.    Limits on Option Period and
Acceleration of Vesting.    The Option Period may end before the Termination Date, and in the circumstances described in Sections II.5(B), (D), (E) and (F), the vesting schedule of an Option may be accelerated,
(subject to the provisions of Section V), as follows: 
 (A)    If a Participant
ceases to be a bona fide employee of the Corporation or of its Affiliates during the Option Period for reasons other than for Cause, Long-Term Disability, Normal Retirement, Early Retirement or death, the Option Period shall end ninety days after
the date of the Participant’s termination of employment or on the Termination Date, whichever occurs first and in all cases the Option shall be exercisable only to the extent that it was exercisable under the provisions of the foregoing
Section II.4 at the time of such termination of employment. If a Participant is absent from work with the Corporation or an Affiliate because of his Short-Term Disability or because the Participant is on an approved leave of absence, the
Participant shall not be deemed during the period of any such absence, by virtue of such absence alone, to have terminated employment with the Corporation or an Affiliate except as the Administrator may otherwise expressly determine. 

(B)    If a Participant ceases to be a bona fide employee of the Corporation or of its Affiliates
(for reasons other than for Cause, Long-Term Disability, Normal Retirement, Early Retirement or death) during the Option Period, the Administrator may, in its sole and absolute discretion (and subject to conditions deemed appropriate in the
circumstances) approve the continuation of the vesting schedule of the Participant’s Option. The Option Period for any Option that continues to vest pursuant to this subsection (B) shall end ninety days after the last Option
installment vests, or on the Termination Date, whichever occurs first. 
 (C)    If the
Participant’s employment is terminated for Cause during the Option Period, the Option Period shall end on the date of such termination of employment and the Option shall thereupon not be exercisable to any extent whatsoever. 

(D)    If a Participant ceases to be a bona fide employee of the Corporation or of its Affiliates
due to his Long-Term Disability during the Option Period, the vesting schedule of the Participant’s Option shall be accelerated, the Option shall become fully exercisable and the Option Period shall end three years after the date of the
Participant’s termination of employment or on the Termination Date, whichever occurs first. 

(E)    If the Participant’s employment is terminated: 

(i)    by reason of Normal Retirement, the vesting schedule of the Participant’s Option shall
be accelerated and the Option shall become fully exercisable as of the date of Normal Retirement; or 

  
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(ii)    by reason of Early Retirement, the Option shall be exercisable only to the extent that it was
exercisable under the provisions of the foregoing Section II.4 at the time of such Early Retirement; provided, however, that the Administrator may, in its sole discretion (and subject to conditions deemed appropriate in the circumstances),
either (A) accelerate the vesting schedule of the Participant’s Option effective as of the date of the Participant’s Early Retirement or (B) approve the continuation of the vesting schedule of the Participant’s Option.

 (iii)    With respect to an Option held by a Participant at Normal Retirement or Early
Retirement, the Option Period for that portion of the Option designated as a Nonstatutory Stock Option shall end three years after the date of such retirement or on the Termination Date, whichever occurs first; provided, however, that in the case of
an Option held by a Participant at Early Retirement as to which the Administrator exercises its discretionary authority to approve the continuation of the vesting schedule, the Option Period shall end on the earlier of the Termination Date or three
years after the last Option installment vests. 
 (F)    If a Participant should die while
in the employ of the Corporation or an Affiliate and during the Option Period, the vesting schedule of the Participant’s Option shall be accelerated and the Option shall become fully exercisable, the Option Period shall end three years after
the date of death or on the Termination Date, whichever occurs first, and the Participant’s Beneficiary may exercise the entire unexercised portion of the then exercisable Shares covered by such Option (or any lesser amount) remaining on
the date of death. 
 (G)    If a Participant who ceases to be a bona fide employee of the
Corporation or an Affiliate is subsequently rehired prior to the expiration of his Option, then the Option shall continue to remain outstanding until such time as the Participant subsequently terminates employment. Upon the Participant’s
subsequent termination of employment, the post-termination exercise period calculated pursuant to the terms and conditions of this Section II.5 shall be reduced by the number of days between the date of the Participant’s initial
termination of employment and his re-hire date; provided, however, that if the rehired Participant continues to be employed by the Corporation or an Affiliate for at least one year from his rehire date, then the post termination exercise period for
the Option shall be determined in accordance with Sections II.5(A) through (F) and shall not be adjusted as described in this Section II.5(G). 
 6.    Method of Exercise.    A Participant may exercise an Option with respect to all or any part of the exercisable Shares as follows: 

(A)    By giving the Corporation, or its authorized representative designated for this purpose,
written notice of such exercise specifying the number of Shares as to which the Option is so exercised. Such notice shall be accompanied by an amount equal to the Exercise Price multiplied by the number of Shares exercised, in the form of any one or
combination of the following: cash or a certified check, bank draft, postal or express money order payable to the order of the Corporation in lawful money of the United States. Unless otherwise determined by the Administrator in his or her sole
discretion, the Participant may pay the Exercise Price, in whole or in part, by tendering to the Corporation or its authorized representative Shares, which have been owned by the Participant for at least six months prior to said tender, and having a
fair market value, as determined by the Corporation, equal to the Exercise Price, or in lieu of the delivery of actual Shares in such tender, the Corporation may accept an attestation by the 

  
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Participant, in a form prescribed by the Corporation or its authorized representative, that the Participant owns sufficient Shares of record or in an account in street name to satisfy the
Exercise Price, and such attestation will be deemed a tender of Shares for purposes of this method of exercise. The Corporation or its authorized representative may accept payment of the amount due upon the exercise of the Option in the form of a
Participant’s personal check. Payment may also be made by delivery (including by FAX transmission) to the Corporation or its authorized representative of an executed irrevocable Option exercise form together with irrevocable instructions
to an approved registered investment broker to sell Shares in an amount sufficient to pay the Exercise Price plus any applicable Tax-Related Items (as defined in Section VII.6) and to transfer the proceeds of such sale to the Corporation.

 (B)    If required by the Corporation, by giving satisfactory assurance in writing,
signed by the Participant, the Participant shall give his assurance that the Shares subject to the Option are being purchased for investment and not with a view to the distribution thereof; provided that such assurance shall be deemed inapplicable
to (1) any sale of the Shares by such Participant made in accordance with the terms of a registration statement covering such sale, which has heretofore been (or may hereafter be) filed and become effective under the U.S. Securities Act of
1933, as amended (the “Securities Act”) and with respect to which no stop order suspending the effectiveness thereof has been issued, and (2) any other sale of the Shares with respect to which, in the opinion of counsel for the
Corporation, such assurance is not required to be given in order to comply with the provisions of the Securities Act. 
 (C)    As soon as practicable after receipt of the notice and the assurance described in Sections II.6(A) and (B), the Corporation shall, without transfer or issue tax
(except for withholding tax arrangements contemplated in Section VII.6) and without other incidental expense to the Participant, credit the purchased Shares to the Participant’s brokerage account of record. If the Participant does not
have a brokerage account of record, then the Corporation shall cause an appropriate book entry to be entered in the records of the Corporation’s transfer agent recording the Participant’s unrestricted interest in the purchased Shares;
provided, however, that the time of such delivery may be postponed by the Corporation for such period as may be required for it with reasonable diligence to comply with applicable registration requirements under the Securities Act, the Exchange Act,
any applicable listing requirements of any national securities exchange and requirements under any other law or regulation applicable to the issuance or transfer of the Shares. 

7.    Limitations on Transfer.    An Option shall, during a
Participant’s lifetime, be exercisable only by the Participant. No Option or any right granted thereunder shall be transferable by the Participant by operation of law or otherwise, other than by will or the laws of descent and distribution.
Notwithstanding the foregoing, (i) a Participant may designate a beneficiary to succeed, after the Participant’s death, to all of the Participant’s Options outstanding on the date of death; (ii) a Nonstatutory Stock Option may be
transferable pursuant to a qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act; and (iii) any Participant, who is a senior executive officer recommended by the Chief Executive
Officer of the Corporation and approved by the Administrator may voluntarily transfer any Nonstatutory Stock Option to a Family Member as a gift or through a transfer to an entity in which more than 50% of the voting interests are owned by Family
Members (or the Participant) in exchange for an interest in that entity. In the event of 

  
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any attempt by a Participant to alienate, assign, pledge, hypothecate, or otherwise dispose of an Option or of any right thereunder, except as provided herein, or in the event of the levy of any
attachment, execution, or similar process upon the rights or interest hereby conferred, the Corporation at its election may terminate the affected Option by notice to the Participant and the Option shall thereupon become null and void. 

8.    No Stockholder Rights.    Neither a Participant nor any person
entitled to exercise a Participant’s rights in the event of the Participant’s death shall have any of the rights of a stockholder with respect to the Shares subject to an Option except to the extent that a book entry has been entered in
the records of the Corporation’s transfer agent with respect to such Shares upon the exercise of an Option. 
  

	III.	 RESTRICTED STOCK 

 1.    Restricted Stock Agreement.    A Restricted Stock Award granted under the Plan shall be evidenced by a Restricted Stock Agreement to be executed by the
Participant and the Corporation setting forth the terms and conditions of the Restricted Stock Award. Each Restricted Stock Grant Notice shall incorporate by reference and be subject to this Statement of Terms and Conditions and together both
documents shall constitute the Restricted Stock Agreement. The Restricted Stock Award is also subject to the terms and conditions of the Plan. 
 2.    Rights with Respect to Shares of Restricted Stock.    Upon written acceptance of a grant of Restricted Stock Award by a Participant, including the
restrictions and other terms and conditions described in the Plan and the Restricted Stock Agreement, the Corporation shall cause an appropriate book entry to be entered in the records of the Corporation’s transfer agent recording the
Participant’s interest in the Restricted Stock. From and after the Grant Date, the Participant shall have the rights of Common Stock ownership, including the right to vote and to receive dividends on Shares of Restricted Stock, subject to the
terms, conditions and restrictions described in the Plan and the Restricted Stock Agreement. 

3.    Special Restrictions.    Each Restricted Stock Award made under the
Plan shall contain the following terms, conditions and restrictions and such additional terms, conditions and restrictions as may be determined by the Administrator; provided, however, that no Restricted Stock grant shall be subject to additional
terms, conditions and restrictions which are more favorable to a Participant than the terms, conditions and restrictions set forth elsewhere in the Plan or the Restricted Stock Agreement. 

(A)    Restrictions.    Until the restrictions imposed on any Restricted
Stock grant shall lapse (the “Restriction Period”), Shares of Restricted Stock granted to a Participant: (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, other than pursuant to a
qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act and (ii) shall, if the Participant’s continuous employment with the Corporation or any of its Affiliates shall
terminate for any reason (except as otherwise provided in the Plan or in Section III.3(B)) be returned to the Corporation forthwith, and all the rights of the Participant to such Shares shall immediately terminate. If a Participant is
absent from work with the Corporation or an Affiliate because of his Short-Term Disability or because the Participant is on an approved leave of absence, the 

  
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Participant shall not be deemed during the period of any such absence, by virtue of such absence alone, to have terminated employment with the Corporation or an Affiliate except as the
Administrator may otherwise expressly determine. 
 (B)    Termination of Employment by
Reason of Death, Long-Term Disability or Normal Retirement. Notwithstanding any provision contained herein or in the Plan or the Restricted Stock Agreement to the contrary, if a Participant who has been in the continuous employment of the
Corporation or any of its Affiliates since the Grant Date of a Restricted Stock Award ceases to be a bona fide employee of the Corporation or an Affiliate as a result of death, Long-Term Disability, or Normal Retirement, then the restrictions
imposed on any Restricted Stock Award shall lapse as to all Shares granted to such Participant pursuant to such Restricted Stock Award on the date of such termination. 

(C)    Termination of Employment by Reason of Early
Retirement.    Notwithstanding any provision contained herein or in the Plan or the Restricted Stock Agreement to the contrary, if a Participant who has been in the continuous employment of the Corporation or any of its
Affiliates since the Grant Date of a Restricted Stock Award ceases to be a bona fide employee of the Corporation or an Affiliate by reason of Early Retirement, the Administrator may, in its sole discretion (and subject to conditions deemed
appropriate in the circumstances), accelerate the vesting schedule of the Participant’s Restricted Stock Award effective as of the date of the Participant’s Early Retirement. 

(D)    Restriction on Sale.    The Compensation Committee reserves the
right to impose a restriction on the sale of Shares that the Participant receives upon the vesting and settlement of a Restricted Stock Award, unless the Participant has satisfied the ownership targets applicable to the Participant as provided in
the Stock Ownership Policy. 
 4.    Dividends.    Cash dividends
paid with respect to the Restricted Stock during the Restriction Period shall be paid directly to the Participant during the Restriction Period. Stock dividends paid with respect to Restricted Stock during the Restriction Period shall be treated as
Restricted Stock which shall be subject to the same restrictions as the original award for the duration of the Restricted Period. 
 5.    Election to Recognize Gross Income in the Year of Grant.    If any Participant validly elects within thirty days of the Grant Date, to include in gross
income for federal income tax purposes an amount equal to the fair market value of the Shares of Restricted Stock granted on the Grant Date, such Participant shall (at the same time or prior to the date that the Participants files his election with
the Internal Revenue Service): (A) pay to the Corporation, or make arrangements satisfactory to the Administrator to pay to the Corporation in the year of such grant, any federal, state or local taxes required to be withheld with respect to
such Shares in accordance with Section VII.6, and (B) provide the Administrator with a copy of the election filed with the Internal Revenue Service. 
 6.    Restrictive Legend.    Each book entry in the records of the Corporation’s transfer agent evidencing Shares granted pursuant to a Restricted Stock
grant may bear an appropriate legend referring to the terms, conditions and restrictions described in the Plan and/or the Restricted Stock Agreement. 

  
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7.    Expiration of Restricted Period.    If and when the Restriction
Period applicable to the Restricted Stock expires without a prior forfeiture, Shares shall be credited to the Participant’s brokerage account of record. If the Participant does not have a brokerage account of record, then an appropriate book
entry recording the Participant’s interest in the unrestricted Shares shall be entered on the records of the Corporation’s transfer agent. 
  

	IV.	 RESTRICTED STOCK UNITS AND PERFORMANCE SHARES 

1.    Award Agreement. 

(A)    Restricted Stock Units granted under the Plan shall be evidenced by a Restricted Stock Unit
Agreement to be executed by the Participant and the Corporation setting forth the terms and conditions of the Restricted Stock Units. Each Restricted Stock Unit Grant Notice shall incorporate by reference and be subject to this Statement of Terms
and Conditions and together both documents shall constitute the Restricted Stock Unit Agreement. The Restricted Stock Units are also subject to the terms and conditions of the Plan. 

(B)    Performance Shares granted under the Plan shall be evidenced by a Performance Share Agreement
to be executed by the Participant and the Corporation setting forth the terms and conditions of the Performance Shares. Each Performance Share Grant Notice shall incorporate by reference and be subject to this Statement of Terms and Conditions and
together both documents shall constitute the Performance Share Agreement. Performance Shares are also subject to the terms and conditions of the Plan. 
 2.    Special Restrictions.    Restricted Stock Units and Performance Shares granted under the Plan shall contain the following terms, conditions and
restrictions and such additional terms, conditions and restrictions as may be determined by the Administrator; provided, however, that no such Award shall be subject to additional terms, conditions and restrictions which are more favorable to a
Participant than the terms, conditions and restrictions set forth elsewhere in the Plan, the Restricted Stock Unit Agreement or Performance Share Agreement. 
 (A)    Restrictions.    If a Participant ceases to be a bona fide employee of the Corporation or any Affiliate (except as otherwise provided in the Plan or
in Section IV.2(B)) prior to the lapse of the restrictions imposed on the Award, the unvested Restricted Stock Units or Performance Shares shall be returned to the Corporation, and all the rights of the Participant to such Share Equivalents
shall immediately terminate. If a Participant is absent from work with the Corporation or an Affiliate because of his Short-Term Disability or because the Participant is on an approved leave of absence, the Participant shall not be deemed during the
period of any such absence, by virtue of such absence alone, to have terminated employment with the Corporation or an Affiliate except as the Administrator may otherwise expressly determine. 

(B)    Termination of Employment by Reason of Death, Long-Term Disability or Normal
Retirement. Notwithstanding any provision contained herein or in the Plan, the Restricted Stock Unit Agreement or Performance Share Agreement to the contrary, if a Participant who has been in the continuous employment of the Corporation or any
of its Affiliates since the Grant Date shall, while in such employment, be terminated as a result of 

  
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death, Long-Term Disability, or Normal Retirement, then the restrictions imposed on any Restricted Stock Unit Award or Performance Shares shall lapse as to all Share Equivalents granted to such
Participant pursuant to such Award on the date of such termination. 

(C)    Termination of Employment by Reason of Early
Retirement.    Notwithstanding any provision contained herein or in the Plan or the Restricted Stock Unit Agreement or Performance Share Agreement to the contrary, if a Participant who has been in continuous employment of the
Corporation or any of its Affiliates since the Grant Date of a Restricted Stock Unit Award or Performance Share Award ceases to be a bona fide employee of the Corporation or an Affiliate by reason of Early Retirement, the Administrator may, in its
sole discretion (and subject to conditions deemed appropriate in the circumstances), accelerate the vesting schedule of the Participant’s Restricted Stock Units or Performance Shares effective as of the date of the Participant’s Early
Retirement. 
 (D)    Restriction on Sale.    The Compensation
Committee reserves the right to impose a restriction on the sale of Shares that the Participant receives upon the settlement of a Restricted Stock Unit Award, unless the Participant has satisfied the ownership targets applicable to the Participant
as provided in the Stock Ownership Policy. 
 3.    Dividend
Equivalents.    Subject to discretion of the Compensation Committee, dividend equivalents shall be credited in respect of Restricted Stock Units and Performance Shares. Cash dividends shall be credited on behalf of the
Participant to a deferred cash account (in a manner designed to comply with Code Section 409A) and the restrictions on such cash dividends shall lapse at the same time that the restrictions lapse on the associated Share Equivalents underlying
the Restricted Stock Units or Performance Shares (as applicable), and cash dividends, along with accrued interest (if any) on such cash dividends, shall be paid in a lump sum at the same time that the Shares underlying the Restricted Stock Unit or
Performance Share Award, and to which the cash dividends relate, are distributed. Stock dividends shall be converted into additional Restricted Stock Units or Performance Shares, which will be subject to all of the terms and conditions of the
underlying Restricted Stock Units or Performance Shares, including the same vesting restrictions as the underlying Award. 
 4.    Assignability.    A Participant shall not be permitted to sell, transfer, pledge, assign or encumber Restricted Stock Units or Performance Shares,
other than pursuant to a qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act. 
 5.    No Stockholder Rights.    Neither a Participant nor any person entitled to exercise a Participant’s rights in the event of the Participant’s
death shall have any of the rights of a stockholder with respect to the Share Equivalents subject to Restricted Stock Units or Performance Shares except to the extent that a book entry has been entered in the records of the Corporation’s
transfer agent with respect to such Shares upon the settlement of any vested Restricted Stock Units or Performance Shares. 
 6.    Time of Payment of Restricted Stock Units and Performance Shares.    Upon the lapse of the restriction imposed on Restricted Stock Units or Performance
Shares, all Restricted Stock Units and Performance Shares that were not forfeited pursuant to Section IV.2(A) or V 

  
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shall be paid to the Participant as soon as reasonably practicable after the restrictions lapse. Payment shall be made in Shares to the Participant’s brokerage account of record. If the
Participant does not have a brokerage account of record, then in the form of an appropriate book entry entered in the records of the Corporation’s transfer agent recording the Participant’s unrestricted interest in the number of Shares
equal to the number of vested Share Equivalents subject to the Restricted Stock Units or Performance Shares. 

Notwithstanding the foregoing, if a Participant becomes eligible for Normal Retirement prior to the date of the lapse of
restriction imposed on the Restricted Stock Units is scheduled to occur, then such Restricted Stock Unit Award shall be paid to the Participant in full at the earlier of the date in which the Participant has a Separation from Service, subject to the
delay of payment (if applicable) provided in Section VI.2, or the fixed date in which the lapse of restricted was originally scheduled to occur. The procedures set forth in Section VII.6 will be applied for any taxes due upon the lapse of
restriction imposed on the Restricted Stock Units due to a Participant’s Normal Retirement eligibility. 
  

	V.	 SPECIAL FORFEITURE AND REPAYMENT RULES 

Any other provision of this Statement of Terms and Conditions to the contrary notwithstanding, if the Administrator
determines that a Participant has engaged in any of the actions described in 3 below, the consequences set forth in 1 and 2 below shall result: 
 1.    Any outstanding Option shall immediately and automatically terminate, be forfeited and shall cease to be exercisable, without limitation. In addition, any Shares of Restricted
Stock, Restricted Stock Units or Performance Shares as to which the restrictions have not lapsed shall immediately and automatically be forfeited and such Shares or Share Equivalents shall be returned to the Corporation and all of the rights of the
Participant to such Shares or Share Equivalents shall immediately terminate. 
 2.    If the
Participant exercised an Option within twelve months prior to the date upon which the Corporation discovered that the Participant engaged in any actions described in 3 below, the Participant, upon written notice from the Corporation, shall
immediately pay to the Corporation the economic value realized or obtained by the exercise of such Option measured at the date of exercise. In addition, if the restrictions imposed on any grant of Restricted Stock, Restricted Stock Units or
Performance Shares lapsed within twelve months prior to the date the Corporation discovered that the Participant engaged in any action described in 3 below, the Participant, upon written notice from the Corporation, shall immediately pay to the
Corporation the economic value realized or obtained with respect to such Shares of Restricted Stock, the Restricted Stock Units, the Performance Shares and/or Dividend Equivalents, measured at the date such Shares, Share Equivalents or Dividend
Equivalents vested. 
 3.    The consequences described in 1 and 2 above shall apply if the
Participant, either before or after termination of employment with the Corporation or its Affiliates: 

(A)    Discloses to others, or takes or uses for his own purpose or the purpose of others, any trade
secrets, confidential information, knowledge, data or know-how or any other proprietary information or intellectual property belonging to the Corporation or its Affiliates and 

  
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obtained by the Participant during the term of his employment, whether or not they are the Participant’s work product. Examples of such confidential information or trade secrets include,
without limitation, customer lists, supplier lists, pricing and cost data, computer programs, delivery routes, advertising plans, wage and salary data, financial information, research and development plans, processes, equipment, product information
and all other types and categories of information as to which the Participant knows or has reason to know that the Corporation or its Affiliates intends or expects secrecy to be maintained; 

(B)    Fails to promptly return all documents and other tangible items belonging to the Corporation
or its Affiliates in the Participant’s possession or control, including all complete or partial copies, recordings, abstracts, notes or reproductions of any kind made from or about such documents or information contained therein, upon
termination of employment, whether pursuant to retirement or otherwise; 
 (C)    Fails to
provide the Corporation with at least thirty (30) days’ written notice prior to directly or indirectly engaging in, becoming employed by, or rendering services, advice or assistance to any business in competition with the Corporation or
its Affiliates. As used herein, “business in competition” means any person, organization or enterprise which is engaged in or is about to become engaged in any line of business engaged in by the Corporation or its Affiliates at the time of
the termination of the Participant’s employment with the Corporation or its Affiliates; 

(D)    Fails to inform any new employer, before accepting employment, of the terms of this paragraph
and of the Participant’s continuing obligation to maintain the confidentiality of the trade secrets and other confidential information belonging to the Corporation or its Affiliates and obtained by the Participant during the term of his
employment with the Corporation or any of its Affiliates; 
 (E)    Induces or attempts to
induce, directly or indirectly, any of the customers of the Corporation or its Affiliates, employees, representatives or consultants to terminate, discontinue or cease working with or for the Corporation or its Affiliates, or to breach any contract
with the Corporation or any of its Affiliates, in order to work with or for, or enter into a contract with, the Participant or any third party; 
 (F)    Engages in conduct which is not in good faith and which disrupts, damages, impairs or interferes with the business, reputation or employees of the Corporation or its Affiliates;
or 
 (G)    Directly or indirectly engages in, becomes employed by, or renders services,
advice or assistance to any business in competition with the Corporation or its Affiliates, at any time during the twelve months following termination of employment with the Corporation. 

The Administrator shall determine in its sole discretion whether the Participant has engaged in any of the acts set forth
in (A) through (G) above, and its determination shall be conclusive and binding on all interested persons. 

  
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Any provision of this Section V which is determined by a court of competent jurisdiction to be invalid or
unenforceable should be construed or limited in a manner that is valid and enforceable and that comes closest to the business objectives intended by such invalid or unenforceable provision, without invalidating or rendering unenforceable the
remaining provisions of this Section V. 
  

	VI.	 CHANGE IN CONTROL 

 1.    If as a result of a Change in Control, the Common Stock ceases to be listed for trading on a national securities exchange (an “Exchange”), any Option, Restricted Stock
Award, Restricted Stock Units, or Performance Shares that are unvested on the effective date of the Change in Control shall continue to vest according to the terms and conditions of such Award, provided that such Award is replaced with an award for
voting securities of the resulting corporation or the acquiring corporation, as the case may be, (including without limitation, the voting securities of any corporation which as a result of the Change in Control owns the Corporation or all or
substantially all of the Corporation’s assets either directly or through one or more subsidiaries) (the “Surviving Company”) which are traded on an Exchange (a “Replacement Award”), which Replacement Award,
(i) in the case of Options, shall consist of options with the number of underlying shares and exercise price determined in a manner consistent with Code Section 424(a) with vesting and any other terms continuing in the same manner as
the replaced Options; (ii) in the case of Performance Shares, shall consist of restricted stock or restricted stock units with a value (determined using the Surviving Company’s stock price as of the effective date of the Change in
Control) equal to the value of the Performance Shares (determined using the Corporation’s stock price and assuming attainment of target performance or actual performance achieved, if greater, as of the effective date of the Change in
Control), with any restrictions on such restricted stock or restricted stock units lapsing at the end of the measuring period over which performance for the replaced Performance Shares was to be measured prior to the granting of the Replacement
Award; and (iii) in the case of Restricted Stock or Restricted Stock Units, shall consist of restricted stock or restricted stock units with a value (determined using the Surviving Company’s stock price as of the effective date of the
Change in Control) equal to the value of the Restricted Stock or Restricted Stock Units (determined using the Corporation’s stock price as of the effective date of the Change in Control), with any restrictions on such restricted stock or
restricted stock units lapsing at the same time and manner as the replaced Award; provided, however, that in the event of the Participant’s involuntary Separation from Service by the Corporation without Cause or Separation from Service by the
Participant for Good Reason during the vesting period of any Replacement Award, the Replacement Award shall immediately vest and be paid within seven days of such Separation from Service; and provided further that upon the vesting date of each
Replacement Award, in addition to the fully vested Replacement Award, the Participant shall be entitled to receive a lump sum cash payment (paid at the same time as the Award) equal to the decrease, if any, in the value of a share of the Surviving
Company’s stock from the effective date of the Change in Control (as increased on a calendar quarterly basis using an annual interest rate, as of the last business day of the calendar quarter, for zero-coupon U.S. government securities with a
constant maturity closest in length to the time period between the effective date of the Change in Control and the date of the vesting of the Replacement Award) to the time of vesting, multiplied by the total number of shares or share
equivalents subject to the options, restricted stock, or restricted stock units in the Replacement Award. If Options, Restricted Stock Awards, 

  
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Restricted Stock Units, or Performance Shares that are unvested at the effective time of the Change in Control are not replaced with Replacement Awards, such Awards shall immediately vest and, in
the case of Performance Shares, shall vest based upon deemed attainment of target performance or actual performance achieved, if greater. 
 If as a result of a Change in Control, the Common Stock continues to be listed for trading on an Exchange, any unvested Option, Restricted Stock Award, or Restricted Stock Units shall continue to vest
according to the terms and conditions of such Award and any Performance Shares shall be replaced with Restricted Stock or Restricted Stock Units where the number of such Restricted Stock or Restricted Stock Units shall be equal to the number of
Performance Shares assuming attainment of target performance or actual performance achieved, if greater, as of the effective date of the Change in Control with any restrictions on such Restricted Stock or Restricted Stock Units lapsing at the end of
the measuring period over which performance for the replaced Performance Shares was to be measured prior to the granting of the replacement Award; provided however, that, in the event of the Participant’s involuntary Separation from Service by
the Corporation without Cause or Separation from Service by the Participant for Good Reason during the vesting period of an Award, such Award shall immediately vest and be paid within seven days of such Separation from Service; and provided further
that upon the vesting date of each Award, in addition to the fully vested Award, the Participant shall be entitled to receive a lump sum cash payment (paid at the same time as the Award) equal to the decrease, if any, in the value of a Share of the
Corporation’s stock from the effective date of the Change in Control (as increased on a calendar quarterly basis using an annual interest rate, as of the last business day of the calendar quarter, for zero-coupon U.S. government securities with
a constant maturity closest in length to the time period between the effective date of the Change in Control and the date of the vesting of the award) to the time of vesting, multiplied by the total number of Shares or Share Equivalents subject
to the Options, Restricted Stock, or Restricted Stock Units. 
 2.    If (i) The
Participant is a Specified Employee at the time of his Separation from Service, and (ii) some or any portion of the amounts payable to the Participant, if any, when considered together with any other payments or benefits which may be considered
deferred compensation under section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) and subject to the plan aggregation rules under Treasury Regulation section 1.409A-1(c)(3)(viii) (together, the “Deferred
Compensation Benefits”) would result in the imposition of additional tax under Section 409A if paid to the Participant on or within the six (6) month period following the Separation from Service, then to the extent such portion of the
Deferred Compensation Benefits resulting in the imposition of additional tax would otherwise have been payable on or within the first six (6) months following the Separation from Service, it will instead become payable on the first payroll date
that occurs in the seventh month following the Separation from Service (or such longer period as is required to avoid the imposition of additional tax under Section 409A). All subsequent Deferred Compensation Separation Benefits, if any, will
be payable in accordance with the payment schedule applicable to each payment or benefit. 
  

	VII.	 MISCELLANEOUS 

 1.    No Effect on Terms of Employment.    Participation in the Plan shall not create a right to further employment with the Participant’s employer (the
“Employer”) and shall not 

  
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interfere with the ability of the Employer to terminate, with or without cause, or change the terms of employment of a Participant at any time. 

2.    Grants to Participants in Foreign Countries.    In making grants to
Participants in foreign countries, the Administrator has the full discretion to deviate from this Statement of Terms and Conditions in order to adjust grants under the Plan to prevailing local conditions, including custom and legal and tax
requirements. Furthermore, the Corporation reserves the right to impose other requirements on the Participant’s participation in the Plan on the Award and on any Shares acquired under the Plan, to the extent the Corporation determines it is
necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require the Participant to sign any additional agreements or undertaking that may be necessary to accomplish the foregoing. 

3.    Information Notification.    Any information required to be given
under the terms of an Award shall be addressed to the Corporation in care of its Corporate Secretary at McKesson Corporation, One Post Street, 35th Floor, San Francisco, California 94104, and any notice to be given to a Participant shall be addressed to him at the
address indicated beneath his name on the Award Agreement or such other address as either party may designate in writing to the other. Any such notice shall be deemed to have been duly given when enclosed in a properly sealed envelope or wrapper
addressed as aforesaid, registered or certified and deposited (postage or registration or certification fee prepaid) in a post office or branch post office. 

4.    Administrator Decisions Conclusive.    All decisions of the
Administrator administering the Plan upon any questions arising under the Plan or under an Award Agreement, shall be conclusive. 
 5.    No Effect on Other Benefit Plans.    Nothing herein contained shall affect a Participant’s right to participate in and receive benefits from and
in accordance with the then current provisions of any pensions, insurance or other employment welfare plan or program offered by the Corporation. 
 6.    Withholding.    Regardless of any action the Corporation or the Employer takes with respect to any federal, state or local income tax, social
insurance, payroll tax, payment on account or other tax-related items related to the Participant’s participation in the Plan and legally applicable to the Participant (“Tax-Related Items”), the Participant acknowledges that the
ultimate liability for all Tax-Related Items is and remains his responsibility and may exceed the amount actually withheld by the Corporation or the Employer. The Participant further acknowledges that the Corporation and/or the Employer
(1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, including the grant, vesting or exercise of the Award, as applicable, the subsequent sale of Shares
acquired pursuant to the Plan and the receipt of any dividends and/or dividend equivalents; and (2) do not commit and are under no obligation to structure the terms of the grant or any aspect of the Award to reduce or eliminate the
Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Participant has become subject to tax in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, the
Participant acknowledges that the Corporation and/or the Employer (or former employer, as 

  
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applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 Prior to any relevant taxable or tax withholding event, as applicable, the Participant will pay or make adequate arrangements satisfactory to the Corporation and/or the Employer, or their respective
agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following: (1) withholding from the Participant’s wages or other cash compensation paid to him by the Corporation
and/or the Employer; (2) withholding from proceeds of the sale of Shares acquired under the Plan either through a voluntary sale or through a mandatory sale arranged by the Corporation (on the Participant’s behalf pursuant to this
authorization and any other authorization the Corporation and/or the broker designated by the Corporation may require the Participant to sign in connection with the sale of Shares); or (3) withholding Shares to be issued upon grant,
vesting/settlement or exercise, as applicable. Calculation of the number of Shares to be withheld shall be made based on the closing price of the Common Stock on the New York Stock Exchange on the date that the amount of tax to be withheld is
determined. In no event, however, shall the Corporation be required to issue fractional Shares. With respect to an Award other than an Option, if adequate arrangements to satisfy the obligations with regard to all Tax-Related Items are not made by
the Participant with the Corporation and/or the Employer prior to the relevant taxable event, the Corporation will satisfy such obligations as provided above in (3) of this paragraph. 

To avoid negative accounting treatment, the Corporation may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Participant will be deemed to have been issued the full
number of Shares subject to the Award, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Participant’s participation in the Plan. 

Finally, the Participant shall pay to the Corporation or the Employer any amount of Tax-Related Items that the
Corporation or the Employer may be required to withhold or account for as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Corporation may refuse to issue or deliver the
Shares or the proceeds of the sale of Shares if the Participant fails to comply with his obligations in connection with the Tax-Related Items. 
 The Administrator shall be authorized to establish such rules, forms and procedures as it deems necessary to implement the foregoing. 

7.    Successors.    The Award Agreements shall be binding upon and inure
to the benefit of any successor or successors of the Corporation. “Participant” as used herein shall include the Participant’s Beneficiary. 
 8.    Delaware Law.    The interpretation, performance, and enforcement of all Award Agreements shall be governed by the laws of the State of Delaware.

  
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9.    Nature of Grant.    In accepting the grant, the Participant
acknowledges that: 
 (A)    the Plan is established voluntarily by the Corporation, it is
discretionary in nature and it may be modified, amended, suspended or terminated by the Corporation at any time; 
 (B)    the grant of the Award is voluntary and occasional and does not create any contractual or other right to receive future Award grants, or benefits in lieu of Awards, even if
Awards have been granted repeatedly in the past; 
 (C)    all decisions with respect to
future Awards, if any, will be at the sole discretion of the Corporation; 
 (D)    the
Participant is voluntarily participating in the Plan; 
 (E)    the Award is not part of
normal or expected compensation for any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or
similar payments; 
 (F)    the Award will not be interpreted to form an employment
contract or relationship with the Corporation; and furthermore, the Award will not be interpreted to form an employment contract with any subsidiary or Affiliate of the Corporation; 

(G)    the future value of the underlying Shares is unknown, indeterminable and cannot be predicted
with certainty; 
 (H)    if the underlying Shares do not increase in value, the Options
will have no value; 
 (I)    in consideration of the grant of the Award, no claim or
entitlement to compensation or damages shall arise from forfeiture of the Award which results from termination of the Participant’s employment with the Employer or the Corporation or one of its Affiliates (for any reason whatsoever) and the
Participant irrevocably releases the Corporation or its Affiliates from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by accepting the Award, the
Participant shall be deemed irrevocably to have waived his entitlement to pursue such claim; 

(J)    for purposes of an Award, the Participant’s employment relationship will be considered
terminated as of the date the Participant is no longer a bona fide employee of the Corporation or one of its Affiliates (regardless of the reason for such termination and whether or not later found to be invalid or in breach of the employment laws
in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any), and unless otherwise expressly provided in this Award Agreement or determined by the Corporation in its sole discretion, the
Participant’s right to receive Awards and vest in Awards under the Plan, if any, will terminate effective as of such date and will not be extended by any notice period mandated under local law; similarly, any right to exercise Options under the
Plan after termination of employment will be measured as of the date the Participant is no longer a bona 

  
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fide employee of the Corporation or one of its Affiliates and will not be extended by any notice period mandated under local law; the Administrator shall have the sole discretion to determine
when the Participant is no longer a bona fide employee; 
 (K)    the Corporation is not
providing any tax, legal or financial advice, nor is the Corporation making any recommendations regarding participation in the Plan or the Participant’s acquisition or sale of Shares; and 

(L)    Participant is hereby advised to consult with his own personal tax, legal and financial
advisors regarding Participant’s participation in the Plan before taking any action related to the Plan. 

10.    Data Privacy.    By accepting the Award, the Participant hereby
explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his personal data as described in this document by and among, as applicable, the Employer and the Corporation and its Affiliates for the
exclusive purpose of implementing, administering and managing participation in the Plan. 
 The Participant
understands that the Corporation and the Employer hold certain personal information about the Participant, including, but not limited, his name, home address and telephone number, date of birth, social insurance or other identification number,
salary, nationality, job title, any Shares or directorships held in the Corporation, details of all Options, Restricted Stock, Restricted Stock Units, Performance Shares, Other Share-Based Awards, or any other entitlement to Shares awarded,
canceled, exercised, vested, unvested or outstanding in the Participant’s favor, for the purpose of implementing, administering and managing the Plan (“Data”). The Participant understands that Data may be transferred to any third
parties assisting in the implementation, administration and management of the Plan, that recipients of Data may be located in the United States or elsewhere, and that the recipient’s country may have different data privacy laws and protections
than the Participant’s country. The Participant understands that if the Participant resides outside of the United States he may request a list with the names and addresses of any potential recipients of the Data by contacting the local human
resources representative. The Participant authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing participation in the Plan,
including any requisite transfer of such Data as may be required to a broker or other third party with whom the Participant may elect to deposit any Shares acquired under the Plan. The Participant understands that Data will be held only as long as
is necessary to implement, administer and manage his participation in the Plan. The Participant understands that if the Participant resides outside of the United States, he may, at any time, view Data, request additional information about the
storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, without cost, by contacting in writing the local human resources representative. Further, the Participant understands that he is
providing the consents herein on a purely voluntary basis. If the Participant does not consent, or if he later seeks to revoke his consent, the Participant’s employment status or service and career with the Employer will not be adversely
affected; the only adverse consequence of refusing or withdrawing his consent is that the Corporation would not be able to grant him Awards or administer or maintain such Awards. Therefore, the Participant understands that refusing or withdrawing
consent may affect his ability to participate 

  
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in the Plan. For more information on the consequences of refusal to consent or withdrawal of consent, the Participant understands that he may contact the local human resources representative.

 11.    Severability.    The provisions in this Statement of
Terms and Conditions are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

12.    Language.    If the Participant has received this Statement of
Terms and Conditions or any other document related to the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

13.    Electronic Delivery.    The Corporation may, in its sole
discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an
on-line or electronic system established and maintained by the Corporation or a third party designated by the Corporation. 
 14.    Employment Agreement.    Notwithstanding any provision contained in these Statement of Terms and Conditions, the Plan or the Grant Notice to the
contrary, if there is a conflict between Statement of Terms and Conditions, the Plan or the Grant Notice and the employment agreement by and between the Participant and the Corporation, as amended from time to time (the “Employment
Agreement”), then the Employment Agreement shall govern. 
  

	VIII.	 DEFINITIONS 

 When capitalized in this Statement of Terms and Conditions, the following terms shall have the meaning set forth below: 

1.    “Award Agreement”    means an agreement between the
Participant and the Corporation evidencing the grant of an Option, Restricted Stock Award, Restricted Stock Award, Performance Shares or Other Share-Based Award, as applicable. 

2.    “Cause” means termination of the Participant’s employment with the
Corporation or an Affiliate upon the Participant’s negligent or willful engagement in misconduct which, in the sole determination of the Board (or its designee), is injurious to the Corporation, its employees, or its customers. 

3.    “DCAP III” means the Corporation’s Deferred Compensation Administration
Plan III, or its successor plan. 
 4.    “Early Retirement” means a
termination of employment which occurs prior to Normal Retirement but on or after the date on which the Participant’s age (expressed in terms of years and completed months) plus service with the Corporation or an Affiliate equals 65.

  
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5.    “Family Member” means any person identified as an “immediate family”
member in Rule 16(a)-1(e) of the Exchange Act, as such Rule may be amended from time to time. Notwithstanding the foregoing, the Administrator may designate any other person(s) or entity(ies) as a “family member.”

 6.    “Good Reason” means any of the following actions, if taken without
the express written consent of the Participant, which shall not be affected by the Participant’s incapacity due to physical or mental illness: 
 (A)    Any material change by the Corporation in the Participant’s functions, duties or responsibilities as President and Chief Executive Officer, which change would cause the
Participant’s position with the Corporation to become of less dignity, responsibility, importance, or scope as compared to the position and attributes that applied to the Participant immediately prior to the Change in Control, or an adverse
change in the Participant’s title, position or his obligation and right to report directly to the Board; 

(B)    Any reduction in the Participant’s base annual salary, MIP target or Long Term Incentive
compensation (LTI) targets, which LTI targets include cash awards with performance periods greater than one year and equity based grants, except for reductions that are equivalent to reductions applicable to executive officers of the
Corporation; 
 (C)    Any material failure by the Corporation to comply with any of the
provisions of an award (or of any employment agreement between the parties) subsequent to a Change in Control; 
 (D)    The Corporation’s requiring the Participant to be based at any office or location more than 25 miles from the office at which the Participant is based on the date
immediately preceding the Change in Control, except for travel reasonably required in the performance of the Participant’s responsibilities; 
 (E)    Cancellation of the automatic renewal mechanism set forth in the Participant’s employment agreement; 

(F)    If the Board removes the Participant as Chairman at or after a Change in Control (or prior to
a Change in Control if at the request of any third party participating in or causing the Change in Control), unless such removal is required by then-applicable law; or 

(G)    A change in the majority of the members of the Board as it was construed immediately prior to
the Change in Control; 
 Provided that the Participant gives notice to the Company of the existence of the Good Reason
condition within 30 days of the initial existence of the Good Reason condition and the Company is provided 30 days after receipt of the Participant’s notice to remedy the Good Reason condition; provided further that the Participant’
Separation from Service must occur within six months from the initial existence of the Good Reason condition if the Company does not remedy such condition for such separation to be considered to be for Good Reason. 

7.    “Grant Date” means the date the Administrator grants the Award. 

  
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8.    “Grant Notice” means the notice of an Award granted to the Participant, which
sets forth certain terms of such Award. 
 9.    “Identification Date”
means each December 31. 
 10.    “Long-Term Disability” means a
physical or mental condition which the Social Security Administration has determined renders the Participant eligible to receive Social Security benefits on account of disability or if the Participant is employed outside of the U.S., as determined
in accordance with local standards by the Committee in its discretion. 

11.    “Normal Retirement” means retirement at age 65 (62, in the case of a
participant in the McKesson Corporation 1984 Executive Benefit Retirement Plan) with at least ten years of Service with the Corporation or an Affiliate. 
 12.    “Option Period” means the period commencing on the Grant Date of an Option and, except at otherwise provided in Section II.5, ending on the Termination
Date. 
 13.    “Separation from Service” means “Separation from
Service” as defined in DCAP III. 
 14.    “Service” means
“Service” as defined in the Corporation’s Profit-Sharing Investment Plan. 

15.    “Short-Term Disability” means short-term disability as defined in the
Corporation’s short-term disability plan. 
 16.    “Specified
Employee” means “Specified Employee” as defined in DCAP III. 

17.    “Stock Ownership Policy” means the Corporation’s Stock Ownership Policy,
as amended from time to time, which can be found at McKNet under My Work, Corporate Secretary’s Department, Stock Administration. A Participant or a Participant’s beneficiary may also request a copy of the Stock Ownership Policy by writing
to the Corporate Secretary at McKesson Corporation, One Post Street, San Francisco, CA 94104. 

18.    “Termination Date” means the date that an Option expires as set forth in the
Option Grant Notice as the “Expiration Date.” 

  
 19 

 EXECUTIVE OFFICERS OTHER THAN THE CEO 

McKESSON CORPORATION 
 STATEMENT OF TERMS AND CONDITIONS APPLICABLE TO 
 OPTIONS, RESTRICTED
STOCK, RESTRICTED STOCK UNITS AND 
 PERFORMANCE SHARES GRANTED TO OFFICERS PURSUANT TO THE 2005 STOCK PLAN 

(Effective as of May 22, 2012) 
  

	I.	 INTRODUCTION 

 The following terms and conditions shall apply to an Award granted under the Plan. This Statement of Terms and Conditions is intended to meet the requirements of Code Section 409A and any rules
promulgated thereunder and is subject to the terms and conditions of the Plan. In the event of any inconsistency between this Statement of Terms and Conditions and the Plan, the Plan shall govern. Capitalized terms not otherwise defined in this
Statement of Terms and Conditions shall have the meaning set forth in the Plan. 
  

	II.	 OPTIONS 

 1.    Option Agreement.    An Option granted under the Plan shall be evidenced by an Option Agreement setting forth the terms and conditions of the Option,
including whether the Option is an Incentive Stock Option or a Nonstatutory Stock Option and the number Shares subject to the Option. Each Stock Option Grant Notice shall incorporate by reference and be subject to this Statement of Terms and
Conditions, including the special terms and conditions in the Appendix for the Participant’s country (if any) which forms part of this Statement of Terms and Conditions, and together both documents shall constitute the Option Agreement. The
Option is also subject to the terms and conditions of the Plan. 
 2.    Exercise
Price.    The Exercise Price of an Option, as specified in the Option Agreement, shall be equal to or greater than the Fair Market Value of the Shares underlying the Option on the Grant Date. 

3.    Option Period.    An Option shall be exercisable only during the
applicable Option Period, and during such Option Period the exercisability of the Option shall be subject to the vesting provisions of Section II.4 as modified by the rules set forth in Sections II.5 and V. The Option Period shall be not
more than seven years from the Grant Date. 
 4.    Vesting of Right to Exercise
Options. 
 (A)    Except as provided in Sections II.5 and V, an Option shall be
exercisable during the Option Period in accordance with the following vesting schedule: (i) 25% of the Shares subject to the Option shall vest on the first anniversary of the Grant Date; (ii) an additional 25% of the Shares shall vest
on the second anniversary of the Grant Date; (iii) an additional 25% of the Shares shall vest on the third anniversary of the Grant Date; and (iv) the remaining 25% of the Shares subject to the Option shall vest on the fourth anniversary
of the 

  

					
	 2005 Stock Plan Form STCs (Other EOs) May 2012
	 	1	  	

 Officers 

 
 
Grant Date. Notwithstanding the foregoing, the Administrator may specify a different vesting schedule at the time the Option is granted, which will be specified in the Option Grant Notice.

 (B)    Any vested portion of an Option not exercised hereunder shall accumulate and be
exercisable at any time on or before the Termination Date, subject to the rules set forth in Sections II.5 and V. No Option may be exercised for less than 5% of the total number of Shares then available for exercise under such Option. In no
event shall the Corporation be required to issue fractional Shares. 
 5.    Limits on
Option Period and Acceleration of Vesting.    The Option Period may end before the Termination Date, and in the circumstances described in Sections II.5(B), (D), (E) and (F), the vesting schedule of an Option may be
accelerated, (subject to the provisions of Section V), as follows: 
 (A)    If a
Participant ceases to be a bona fide employee of the Corporation or of its Affiliates during the Option Period for reasons other than for Cause, Long-Term Disability, Normal Retirement, Early Retirement or death, the Option Period shall end ninety
days after the date of the Participant’s termination of employment or on the Termination Date, whichever occurs first, and in all cases the Option shall be exercisable only to the extent that it was exercisable under the provisions of the
foregoing Section II.4 at the time of such termination of employment. If a Participant is absent from work with the Corporation or an Affiliate because of his or her Short-Term Disability or because the Participant is on an approved leave of
absence, the Participant shall not be deemed during the period of any such absence, by virtue of such absence alone, to have terminated employment with the Corporation or an Affiliate except as the Administrator may otherwise expressly determine.

 (B)    If a Participant ceases to be a bona fide employee of the Corporation or of its
Affiliates (for reasons other than for Cause, Long-Term Disability, Normal Retirement, Early Retirement or death) during the Option Period, the Administrator may, in its sole and absolute discretion (and subject to conditions deemed appropriate
in the circumstances) approve the continuation of the vesting schedule of the Participant’s Option. The Option Period for any Option that continues to vest pursuant to this subsection (B) shall end ninety days after the last
Option installment vests, or on the Termination Date, whichever occurs first. 
 (C)    If
the Participant’s employment is terminated for Cause during the Option Period, the Option Period shall end on the date of such termination of employment and the Option shall thereupon not be exercisable to any extent whatsoever. 

(D)    If a Participant ceases to be a bona fide employee of the Corporation or of its Affiliates
due to his or her Long-Term Disability during the Option Period, the vesting schedule of the Participant’s Option shall be accelerated, the Option shall become fully exercisable and the Option Period shall end three years after the date of the
Participant’s termination of employment or on the Termination Date, whichever occurs first. 

(E)    If the Participant’s employment is terminated: 

(i)    By reason of Normal Retirement or Early Retirement, the Option shall be exercisable only to
the extent that it was exercisable under the provisions of the 

  
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foregoing Section II.4 at the time of such retirement; provided, however, that the Administrator may, in its sole discretion (and subject to conditions deemed appropriate in the
circumstances), either (A) accelerate the vesting schedule of the Participant’s Option effective as of the date of the Participant’s Normal Retirement or Early Retirement or (B) approve the continuation of the vesting schedule of
the Participant’s Option. 
 (ii)    With respect to an Option held by a Participant
at Normal Retirement or Early Retirement, the Option Period for that portion of the Option designated as a Nonstatutory Stock Option shall end three years after the date of such retirement or on the Termination Date, whichever occurs first;
provided, however, that in the case of an Option held by a Participant at Normal Retirement or Early Retirement as to which the Administrator exercises its discretionary authority to approve the continuation of the vesting schedule, the Option
Period shall end on the earlier of the Termination Date or three years after the last Option installment vests. 
 (F)    If a Participant should die while in the employ of the Corporation or an Affiliate and during the Option Period, the vesting schedule of the Participant’s Option shall be
accelerated and the Option shall become fully exercisable, the Option Period shall end three years after the date of death or on the Termination Date, whichever occurs first, and the Participant’s Beneficiary may exercise the entire unexercised
portion of the then exercisable Shares covered by such Option (or any lesser amount) remaining on the date of death. 
 (G)    If a Participant who ceases to be a bona fide employee of the Corporation or an Affiliate is subsequently rehired prior to the expiration of his or her Option, then the Option
shall continue to remain outstanding until such time as the Participant subsequently terminates employment. Upon the Participant’s subsequent termination of employment, the post-termination exercise period calculated pursuant to the terms and
conditions of this Section II.5 shall be reduced by the number of days between the date of the Participant’s initial termination of employment and his or her re-hire date; provided, however, that if the rehired Participant continues to be
employed by the Corporation or an Affiliate for at least one year from his or her rehire date, then the post termination exercise period for the Option shall be determined in accordance with Sections II.5(A) through (F) and shall not
be adjusted as described in this Section II.5(G). 
 6.    Method of
Exercise.    A Participant may exercise an Option with respect to all or any part of the exercisable Shares as follows: 
 (A)    By giving the Corporation, or its authorized representative designated for this purpose, written notice of such exercise specifying the number of Shares as to which the Option
is so exercised. Such notice shall be accompanied by an amount equal to the Exercise Price multiplied by the number of Shares exercised, in the form of any one or combination of the following: cash or a certified check, bank draft, postal or
express money order payable to the order of the Corporation in lawful money of the United States. Unless otherwise determined by the Administrator in his or her sole discretion, the Participant may pay the Exercise Price, in whole or in part, by
tendering to the Corporation or its authorized representative Shares, which have been owned by the Participant for at least six months prior to said tender, and having a fair market value, as determined by the Corporation, equal to the Exercise
Price, or in lieu of the 

  
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delivery of actual Shares in such tender, the Corporation may accept an attestation by the Participant, in a form prescribed by the Corporation or its authorized representative, that the
Participant owns sufficient Shares of record or in an account in street name to satisfy the Exercise Price, and such attestation will be deemed a tender of Shares for purposes of this method of exercise. The Corporation or its authorized
representative may accept payment of the amount due upon the exercise of the Option in the form of a Participant’s personal check. Payment may also be made by delivery (including by FAX transmission) to the Corporation or its authorized
representative of an executed irrevocable Option exercise form together with irrevocable instructions to an approved registered investment broker to sell Shares in an amount sufficient to pay the Exercise Price plus any applicable Tax-Related Items
(as defined in Section VII.6) and to transfer the proceeds of such sale to the Corporation. 

(B)    If required by the Corporation, by giving satisfactory assurance in writing, signed by the
Participant, the Participant shall give his or her assurance that the Shares subject to the Option are being purchased for investment and not with a view to the distribution thereof; provided that such assurance shall be deemed inapplicable to
(1) any sale of the Shares by such Participant made in accordance with the terms of a registration statement covering such sale, which has heretofore been (or may hereafter be) filed and become effective under the U.S. Securities Act of
1933, as amended (the “Securities Act”) and with respect to which no stop order suspending the effectiveness thereof has been issued, and (2) any other sale of the Shares with respect to which, in the opinion of counsel for the
Corporation, such assurance is not required to be given in order to comply with the provisions of the Securities Act. 
 (C)    As soon as practicable after receipt of the notice and the assurance described in Sections II.6(A) and (B), the Corporation shall, without transfer or issue tax
(except for withholding tax arrangements contemplated in Section VII.6) and without other incidental expense to the Participant, credit the purchased Shares to the Participant’s brokerage account of record. If the Participant does not
have a brokerage account of record, then the Corporation shall cause an appropriate book entry to be entered in the records of the Corporation’s transfer agent recording the Participant’s unrestricted interest in the purchased Shares;
provided, however, that the time of such delivery may be postponed by the Corporation for such period as may be required for it with reasonable diligence to comply with applicable registration requirements under the Securities Act, the Exchange Act,
any applicable listing requirements of any national securities exchange and requirements under any other law or regulation applicable to the issuance or transfer of the Shares. 

7.    Limitations on Transfer.    An Option shall, during a
Participant’s lifetime, be exercisable only by the Participant. No Option or any right granted thereunder shall be transferable by the Participant by operation of law or otherwise, other than by will or the laws of descent and distribution.
Notwithstanding the foregoing, (i) a Participant may designate a beneficiary to succeed, after the Participant’s death, to all of the Participant’s Options outstanding on the date of death; (ii) a Nonstatutory Stock Option may be
transferable pursuant to a qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act; and (iii) any Participant, who is a senior executive officer recommended by the Chief Executive
Officer of the Corporation and approved by the Administrator may voluntarily transfer any Nonstatutory Stock Option to a Family Member as a gift or through a transfer to an entity in which more than 50% of the voting interests are owned

  
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by Family Members (or the Participant) in exchange for an interest in that entity. In the event of any attempt by a Participant to alienate, assign, pledge, hypothecate, or otherwise dispose
of an Option or of any right thereunder, except as provided herein, or in the event of the levy of any attachment, execution, or similar process upon the rights or interest hereby conferred, the Corporation at its election may terminate the affected
Option by notice to the Participant and the Option shall thereupon become null and void. 

8.    No Stockholder Rights.    Neither a Participant nor any person
entitled to exercise a Participant’s rights in the event of the Participant’s death shall have any of the rights of a stockholder with respect to the Shares subject to an Option except to the extent that a book entry has been entered in
the records of the Corporation’s transfer agent with respect to such Shares upon the exercise of an Option. 
  

	III.	 RESTRICTED STOCK 

 1.    Restricted Stock Agreement.    A Restricted Stock Award granted under the Plan shall be evidenced by a Restricted Stock Agreement to be executed by the
Participant and the Corporation setting forth the terms and conditions of the Restricted Stock Award. Each Restricted Stock Grant Notice shall incorporate by reference and be subject to this Statement of Terms and Conditions, including the special
terms and conditions in the Appendix for the Participant’s country (if any) which forms part of this Statement of Terms and Conditions, and together both documents shall constitute the Restricted Stock Agreement. The Restricted Stock Award is
also subject to the terms and conditions of the Plan. 
 2.    Rights with Respect to
Shares of Restricted Stock.    Upon written acceptance of a grant of Restricted Stock Award by a Participant, including the restrictions and other terms and conditions described in the Plan and the Restricted Stock Agreement,
the Corporation shall cause an appropriate book entry to be entered in the records of the Corporation’s transfer agent recording the Participant’s interest in the Restricted Stock. From and after the Grant Date, the Participant shall have
the rights of Common Stock ownership, including the right to vote and to receive dividends on Shares of Restricted Stock, subject to the terms, conditions and restrictions described in the Plan and the Restricted Stock Agreement. 

3.    Special Restrictions.    Each Restricted Stock Award made under the
Plan shall contain the following terms, conditions and restrictions and such additional terms, conditions and restrictions as may be determined by the Administrator; provided, however, that no Restricted Stock grant shall be subject to additional
terms, conditions and restrictions which are more favorable to a Participant than the terms, conditions and restrictions set forth elsewhere in the Plan or the Restricted Stock Agreement. 

(A)    Restrictions.    Until the restrictions imposed on any Restricted
Stock grant shall lapse (the “Restriction Period”), Shares of Restricted Stock granted to a Participant: (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, other than pursuant to a
qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act and (ii) shall, if the Participant’s continuous employment with the Corporation or any of its Affiliates shall
terminate for any reason (except as otherwise provided in the Plan or in Section III.3(B)) be returned to the 

  
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Corporation forthwith, and all the rights of the Participant to such Shares shall immediately terminate. If a Participant is absent from work with the Corporation or an Affiliate because of his
or her Short-Term Disability or because the Participant is on an approved leave of absence, the Participant shall not be deemed during the period of any such absence, by virtue of such absence alone, to have terminated employment with the
Corporation or an Affiliate except as the Administrator may otherwise expressly determine. 

(B)    Termination of Employment by Reason of Death, Long-Term Disability or Normal
Retirement. Notwithstanding any provision contained herein or in the Plan or the Restricted Stock Agreement to the contrary, if a Participant who has been in the continuous employment of the Corporation or any of its Affiliates since the Grant
Date of a Restricted Stock Award ceases to be a bona fide employee of the Corporation or an Affiliate as a result of: 
 (i)    Death or Long-Term Disability, then the restrictions imposed on any Restricted Stock Award shall lapse as to all Shares granted to such Participant pursuant to such Restricted
Stock Award on the date of such termination; or 
 (ii)    Normal
Retirement, then, unless otherwise determined by the Administrator, with respect to any time-based Restricted Stock Award then held by such Participant as to which restrictions have not lapsed, the restrictions applicable to such Restricted Stock
Award shall lapse on the effective date of such Normal Retirement as to that whole number of Shares, rounded down to the nearest whole Share, equal to (a) the total number of Shares subject to such Restricted Stock Award, multiplied by
(b) a fraction, the numerator of which is the number of whole calendar months, rounded down to the nearest whole month, during which the Participant provided Service to the Corporation during the entire vesting period applicable to such Award,
and the denominator of which is the number of calendar months in such entire vesting period, minus (c) the number of Shares originally subject to such Restricted Stock Award with respect to which restrictions shall have lapsed as of the
effective date of such Normal Retirement; provided, that for purposes of clause (b) above, “whole calendar months” shall be calculated commencing on the applicable Grant Date; and provided further, that notwithstanding any other
provision of the Plan or this Statement of Terms and Conditions, this Section III.3(B)(ii) shall not apply to any Restricted Stock Award the vesting of which is based, in whole or in part, on attainment of performance objectives. 

(C)    Termination of Employment by Reason of Early
Retirement.    Notwithstanding any provision contained herein or in the Plan or the Restricted Stock Agreement to the contrary, if a Participant who has been in the continuous employment of the Corporation or any of its
Affiliates since the Grant Date of a Restricted Stock Award ceases to be a bona fide employee of the Corporation or an Affiliate by reason of Early Retirement, the Administrator may, in its sole discretion (and subject to conditions deemed
appropriate in the circumstances), accelerate the vesting schedule of the Participant’s Restricted Stock Award effective as of the date of the Participant’s Early Retirement. 

(D)    Restriction on Sale.    The Compensation Committee reserves the
right to impose a restriction on the sale of Shares that the Participant receives upon the vesting and 

  
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settlement of a Restricted Stock Award, unless the Participant has satisfied the ownership targets applicable to the Participant as provided in the Stock Ownership Policy. 

4.    Dividends.    Cash dividends paid with respect to the Restricted
Stock during the Restriction Period shall be paid directly to the Participant during the Restriction Period. Stock dividends paid with respect to Restricted Stock during the Restriction Period shall be treated as Restricted Stock which shall be
subject to the same restrictions as the original award for the duration of the Restricted Period. 

5.    Election to Recognize Gross Income in the Year of Grant.    If any
Participant validly elects within thirty days of the Grant Date, to include in gross income for federal income tax purposes an amount equal to the fair market value of the Shares of Restricted Stock granted on the Grant Date, such Participant shall
(at the same time or prior to the date that the Participant files his or her election with the Internal Revenue Service): (A) pay to the Corporation, or make arrangements satisfactory to the Administrator to pay to the Corporation in the year
of such grant, any federal, state or local taxes required to be withheld with respect to such Shares in accordance with Section VII.6, and (B) provide the Administrator with a copy of the election filed with the Internal Revenue Service.

 6.    Restrictive Legend.    Each book entry in the records of
the Corporation’s transfer agent evidencing Shares granted pursuant to a Restricted Stock grant may bear an appropriate legend referring to the terms, conditions and restrictions described in the Plan and/or the Restricted Stock Agreement.

 7.    Expiration of Restricted Period.    If and when the
Restriction Period applicable to the Restricted Stock expires without a prior forfeiture, Shares shall be credited to the Participant’s brokerage account of record. If the Participant does not have a brokerage account of record, then an
appropriate book entry recording the Participant’s interest in the unrestricted Shares shall be entered on the records of the Corporation’s transfer agent. 
  

	IV.	 RESTRICTED STOCK UNITS AND PERFORMANCE SHARES 

1.    Award Agreement. 

(A)    Restricted Stock Units granted under the Plan shall be evidenced by a Restricted Stock Unit
Agreement to be executed by the Participant and the Corporation setting forth the terms and conditions of the Restricted Stock Units. Each Restricted Stock Unit Grant Notice shall incorporate by reference and be subject to this Statement of Terms
and Conditions, including the special terms and conditions in the Appendix for the Participant’s country (if any) which forms part of this Statement of Terms and Conditions, and together both documents shall constitute the Restricted Stock Unit
Agreement. The Restricted Stock Units are also subject to the terms and conditions of the Plan. 

(B)    Performance Shares granted under the Plan shall be evidenced by a Performance Share Agreement
to be executed by the Participant and the Corporation setting forth the terms and conditions of the Performance Shares. Each Performance Share Grant Notice shall incorporate by reference and be subject to this Statement of Terms and Conditions,
including the special terms and conditions in the Appendix for the Participant’s country (if any) 

  
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which forms part of this Statement of Terms and Conditions, and together both documents shall constitute the Performance Share Agreement. Performance Shares are also subject to the terms and
conditions of the Plan. 
 2.    Special
Restrictions.    Restricted Stock Units and Performance Shares granted under the Plan shall contain the following terms, conditions and restrictions and such additional terms, conditions and restrictions as may be determined
by the Administrator; provided, however, that no such Award shall be subject to additional terms, conditions and restrictions which are more favorable to a Participant than the terms, conditions and restrictions set forth elsewhere in the Plan, the
Restricted Stock Unit Agreement or Performance Share Agreement. 

(A)    Restrictions.    If a Participant ceases to be a bona fide
employee of the Corporation or any Affiliate (except as otherwise provided in the Plan or in Section IV.2(B)) prior to the lapse of the restrictions imposed on the Award, the unvested Restricted Stock Units or Performance Shares shall be
returned to the Corporation, and all the rights of the Participant to such Share Equivalents shall immediately terminate. If a Participant is absent from work with the Corporation or an Affiliate because of his or her Short-Term Disability or
because the Participant is on an approved leave of absence, the Participant shall not be deemed during the period of any such absence, by virtue of such absence alone, to have terminated employment with the Corporation or an Affiliate except as the
Administrator may otherwise expressly determine. 
 (B)    Termination of Employment by
Reason of Death, Long-Term Disability or Normal Retirement. Notwithstanding any provision contained herein or in the Plan, the Restricted Stock Unit Agreement or Performance Share Agreement to the contrary, if a Participant who has been in the
continuous employment of the Corporation or any of its Affiliates since the Grant Date of such Award ceases to be a bona fide employee of the Corporation or an Affiliate as a result of: 

(i)    Death or Long-Term Disability, then the restrictions imposed on any
Restricted Stock Units or Performance Shares shall lapse as to all Share Equivalents granted to such Participant pursuant to such Award on the date of such termination; or 

(ii)    Normal Retirement, then, unless otherwise determined by the Administrator,
with respect to any time-based Restricted Stock Units then held by such Participant as to which restrictions have not lapsed, the restrictions applicable to such Restricted Stock Units shall lapse on the effective date of such Normal Retirement as
to that whole number of Share Equivalents, rounded down to the nearest whole Share Equivalent, equal to (a) the total number of Restricted Stock Units subject to such Award, multiplied by (b) a fraction, the numerator of which is
the number of whole calendar months, rounded down to the nearest whole month, during which the Participant provided Service to the Corporation during the entire vesting period applicable to such Award, and the denominator of which is the number of
calendar months in such entire vesting period, minus (c) the number of Restricted Stock Units originally subject to such Award with respect to which restrictions shall have lapsed as of the effective date of such Normal Retirement;
provided, that for purposes of clause (b) above, “whole calendar months” shall be calculated commencing on the applicable Grant Date; and provided further, that 

  
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notwithstanding any other provision of the Plan or this Statement of Terms and Conditions, this Section IV.2(B)(ii) shall not apply to any Performance Shares or to any Restricted Stock Units the
vesting of which is based, in whole or in part, on attainment of performance objectives. 

(C)    Termination of Employment by Reason of Early
Retirement.    Notwithstanding any provision contained herein or in the Plan or the Restricted Stock Unit Agreement or Performance Share Agreement to the contrary, if a Participant who has been in continuous employment of the
Corporation or any of its Affiliates since the Grant Date of Restricted Stock Units or Performance Shares ceases to be a bona fide employee of the Corporation or an Affiliate by reason of Early Retirement, the Administrator may, in its sole
discretion (and subject to conditions deemed appropriate in the circumstances), accelerate the vesting schedule of the Participant’s Restricted Stock Units or Performance Shares effective as of the date of the Participant’s Early
Retirement. 
 (D)    Restriction on Sale.    The Compensation
Committee reserves the right to impose a restriction on the sale of Shares that the Participant receives upon the settlement of Restricted Stock Units or Performance Shares, unless the Participant has satisfied the ownership targets applicable to
the Participant as provided in the Stock Ownership Policy. 
 3.    Dividend
Equivalents.    Subject to discretion of the Compensation Committee, dividend equivalents shall be credited in respect of Restricted Stock Units and Performance Shares. Cash dividends shall be credited on behalf of the
Participant to a deferred cash account (in a manner designed to comply with Code Section 409A) and the restrictions on such cash dividends shall lapse at the same time that the restrictions lapse on the associated Share Equivalents underlying
the Restricted Stock Units or Performance Shares (as applicable), and cash dividends, along with accrued interest (if any) on such cash dividends, shall be paid in a lump sum at the same time that the Shares underlying the Restricted Stock Unit or
Performance Share Award, and to which the cash dividends relate, are distributed. Stock dividends shall be converted into additional Restricted Stock Units or Performance Shares, which will be subject to all of the terms and conditions of the
underlying Restricted Stock Units or Performance Shares, including the same vesting restrictions as the underlying Award. 
 4.    Assignability.    A Participant shall not be permitted to sell, transfer, pledge, assign or encumber Restricted Stock Units or Performance Shares,
other than pursuant to a qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act. 
 5.    No Stockholder Rights.    Neither a Participant nor any person entitled to exercise a Participant’s rights in the event of the Participant’s
death shall have any of the rights of a stockholder with respect to the Share Equivalents subject to Restricted Stock Units or Performance Shares except to the extent that a book entry has been entered in the records of the Corporation’s
transfer agent with respect to such Shares upon the settlement of any vested Restricted Stock Units or Performance Shares. 
 6.    Time of Payment of Restricted Stock Units and Performance Shares. Upon the lapse of the restriction imposed on Restricted Stock Units or Performance Shares, all Restricted

  
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Stock Units and Performance Shares that were not forfeited pursuant to Section IV.2(A) or V shall be paid to the Participant as soon as reasonably practicable after the restrictions
lapse. Payment shall be made in Shares to the Participant’s brokerage account of record. If the Participant does not have a brokerage account of record, then in the form of an appropriate book entry entered in the records of the
Corporation’s transfer agent recording the Participant’s unrestricted interest in the number of Shares equal to the number of vested Share Equivalents subject to the Restricted Stock Units or Performance Shares. 

Notwithstanding the foregoing, if a Participant becomes eligible for Normal Retirement prior to the date of the lapse of
restriction imposed on the Restricted Stock Units is scheduled to occur, then such Restricted Stock Units shall be paid to the Participant in full at the earlier of the date in which the Participant has a Separation from Service, subject to the
delay of payment (if applicable) provided in Section VI.2, or the fixed date in which the lapse of restricted was originally scheduled to occur. The procedures set forth in Section VII.6 will be applied for any taxes due upon the lapse of
restriction imposed on the Restricted Stock Units due to a Participant’s Normal Retirement eligibility. 
  

	V.	 SPECIAL FORFEITURE AND REPAYMENT RULES 

Any other provision of this Statement of Terms and Conditions to the contrary notwithstanding, if the Administrator
determines that a Participant has engaged in any of the actions described in 3 below, the consequences set forth in 1 and 2 below shall result: 
 1.    Any outstanding Option shall immediately and automatically terminate, be forfeited and shall cease to be exercisable, without limitation. In addition, any Shares of Restricted
Stock, Restricted Stock Units or Performance Shares as to which the restrictions have not lapsed shall immediately and automatically be forfeited and such Shares or Share Equivalents shall be returned to the Corporation and all of the rights of the
Participant to such Shares or Share Equivalents shall immediately terminate. 
 2.    If the
Participant exercised an Option within twelve months prior to the date upon which the Corporation discovered that the Participant engaged in any actions described in 3 below, the Participant, upon written notice from the Corporation, shall
immediately pay to the Corporation the economic value realized or obtained by the exercise of such Option measured at the date of exercise. In addition, if the restrictions imposed on any grant of Restricted Stock, Restricted Stock Units or
Performance Shares lapsed within twelve months prior to the date the Corporation discovered that the Participant engaged in any action described in 3 below, the Participant, upon written notice from the Corporation, shall immediately pay to the
Corporation the economic value realized or obtained with respect to such Shares of Restricted Stock, the Restricted Stock Units, the Performance Shares and/or Dividend Equivalents, measured at the date such Shares, Share Equivalents or Dividend
Equivalents vested. 
 3.    The consequences described in 1 and 2 above shall apply if the
Participant, either before or after termination of employment with the Corporation or its Affiliates: 

(A)    Discloses to others, or takes or uses for his own purpose or the purpose of others, any trade
secrets, confidential information, knowledge, data or know-how or any other 

  
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proprietary information or intellectual property belonging to the Corporation or its Affiliates and obtained by the Participant during the term of his employment, whether or not they are the
Participant’s work product. Examples of such confidential information or trade secrets include, without limitation, customer lists, supplier lists, pricing and cost data, computer programs, delivery routes, advertising plans, wage and salary
data, financial information, research and development plans, processes, equipment, product information and all other types and categories of information as to which the Participant knows or has reason to know that the Corporation or its Affiliates
intends or expects secrecy to be maintained; 
 (B)    Fails to promptly return all
documents and other tangible items belonging to the Corporation or its Affiliates in the Participant’s possession or control, including all complete or partial copies, recordings, abstracts, notes or reproductions of any kind made from or about
such documents or information contained therein, upon termination of employment, whether pursuant to retirement or otherwise; 
 (C)    Fails to provide the Corporation with at least thirty (30) days’ written notice prior to directly or indirectly engaging in, becoming employed by, or rendering
services, advice or assistance to any business in competition with the Corporation or its Affiliates. As used herein, “business in competition” means any person, organization or enterprise which is engaged in or is about to become engaged
in any line of business engaged in by the Corporation or its Affiliates at the time of the termination of the Participant’s employment with the Corporation or its Affiliates; 

(D)    Fails to inform any new employer, before accepting employment, of the terms of this paragraph
and of the Participant’s continuing obligation to maintain the confidentiality of the trade secrets and other confidential information belonging to the Corporation or its Affiliates and obtained by the Participant during the term of his
employment with the Corporation or any of its Affiliates; 
 (E)    Induces or attempts to
induce, directly or indirectly, any of the customers of the Corporation or its Affiliates, employees, representatives or consultants to terminate, discontinue or cease working with or for the Corporation or its Affiliates, or to breach any contract
with the Corporation or any of its Affiliates, in order to work with or for, or enter into a contract with, the Participant or any third party; 
 (F)    Engages in conduct which is not in good faith and which disrupts, damages, impairs or interferes with the business, reputation or employees of the Corporation or its Affiliates;
or 
 (G)    Directly or indirectly engages in, becomes employed by, or renders services,
advice or assistance to any business in competition with the Corporation or its Affiliates, at any time during the twelve months following termination of employment with the Corporation. 

The Administrator shall determine in its sole discretion whether the Participant has engaged in any of the acts set forth
in (A) through (G) above, and its determination shall be conclusive and binding on all interested persons. 

  
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 Any provision of this Section V which is
determined by a court of competent jurisdiction to be invalid or unenforceable should be construed or limited in a manner that is valid and enforceable and that comes closest to the business objectives intended by such invalid or unenforceable
provision, without invalidating or rendering unenforceable the remaining provisions of this Section V. 
  

	VI.	 CHANGE IN CONTROL 

 1.    If as a result of a Change in Control, the Common Stock ceases to be listed for trading on a national securities exchange (an “Exchange”), any Option, Restricted Stock
Award, Restricted Stock Units, or Performance Shares that are unvested on the effective date of the Change in Control shall continue to vest according to the terms and conditions of such Award, provided that such Award is replaced with an award for
voting securities of the resulting corporation or the acquiring corporation, as the case may be, (including without limitation, the voting securities of any corporation which as a result of the Change in Control owns the Corporation or all or
substantially all of the Corporation’s assets either directly or through one or more subsidiaries) (the “Surviving Company”) which are traded on an Exchange (a “Replacement Award”), which Replacement Award,
(i) in the case of Options, shall consist of options with the number of underlying shares and exercise price determined in a manner consistent with Code Section 424(a) with vesting and any other terms continuing in the same manner as
the replaced Options; (ii) in the case of Performance Shares, shall consist of restricted stock or restricted stock units with a value (determined using the Surviving Company’s stock price as of the effective date of the Change in
Control) equal to the value of the Performance Shares (determined using the Corporation’s stock price and assuming attainment of target performance or actual performance achieved, if greater, as of the effective date of the Change in
Control), with any restrictions on such restricted stock or restricted stock units lapsing at the end of the measuring period over which performance for the replaced Performance Shares was to be measured prior to the granting of the Replacement
Award; and (iii) in the case of Restricted Stock or Restricted Stock Units, shall consist of restricted stock or restricted stock units with a value (determined using the Surviving Company’s stock price as of the effective date of the
Change in Control) equal to the value of the Restricted Stock or Restricted Stock Units (determined using the Corporation’s stock price as of the effective date of the Change in Control), with any restrictions on such restricted stock or
restricted stock units lapsing at the same time and manner as the replaced Award; provided, however, that in the event of the Participant’s involuntary Separation from Service by the Corporation without Cause or Separation from Service by the
Participant for Good Reason during the vesting period of any Replacement Award, the Replacement Award shall immediately vest and be paid within seven days of such Separation from Service; and provided further that upon the vesting date of each
Replacement Award, in addition to the fully vested Replacement Award, the Participant shall be entitled to receive a lump sum cash payment (paid at the same time as the Award) equal to the decrease, if any, in the value of a share of the Surviving
Company’s stock from the effective date of the Change in Control (as increased on a calendar quarterly basis using an annual interest rate, as of the last business day of the calendar quarter, for zero-coupon U.S. government securities with a
constant maturity closest in length to the time period between the effective date of the Change in Control and the date of the vesting of the Replacement Award) to the time of vesting, multiplied by the total number of shares or share
equivalents subject to the options, restricted stock, or restricted stock units in the Replacement Award. If Options, Restricted Stock Awards, 

  
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Restricted Stock Units, or Performance Shares that are unvested at the effective time of the Change in Control are not replaced with Replacement Awards, such Awards shall immediately vest and, in
the case of Performance Shares, shall vest based upon deemed attainment of target performance or actual performance achieved, if greater. 
 If as a result of a Change in Control, the Common Stock continues to be listed for trading on an Exchange, any unvested Option, Restricted Stock Award, or Restricted Stock Units shall continue to vest
according to the terms and conditions of such Award and any Performance Shares shall be replaced with Restricted Stock or Restricted Stock Units where the number of such Restricted Stock or Restricted Stock Units shall be equal to the number of
Performance Shares assuming attainment of target performance or actual performance achieved, if greater, as of the effective date of the Change in Control with any restrictions on such Restricted Stock or Restricted Stock Units lapsing at the end of
the measuring period over which performance for the replaced Performance Shares was to be measured prior to the granting of the replacement Award; provided however, that, in the event of the Participant’s involuntary Separation from Service by
the Corporation without Cause or Separation from Service by the Participant for Good Reason during the vesting period of an Award, such Award shall immediately vest and be paid within seven days of such Separation from Service; and provided further
that upon the vesting date of each Award, in addition to the fully vested Award, the Participant shall be entitled to receive a lump sum cash payment (paid at the same time as the Award) equal to the decrease, if any, in the value of a Share of the
Corporation’s stock from the effective date of the Change in Control (as increased on a calendar quarterly basis using an annual interest rate, as of the last business day of the calendar quarter, for zero-coupon U.S. government securities with
a constant maturity closest in length to the time period between the effective date of the Change in Control and the date of the vesting of the award) to the time of vesting, multiplied by the total number of Shares or Share Equivalents subject
to the Options, Restricted Stock, or Restricted Stock Units. 
 2.    If (i) The
Participant is a Specified Employee at the time of his Separation from Service, and (ii) some or any portion of the amounts payable to the Participant, if any, when considered together with any other payments or benefits which may be considered
deferred compensation under section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) and subject to the plan aggregation rules under Treasury Regulation section 1.409A-1(c)(3)(viii) (together, the “Deferred
Compensation Benefits”) would result in the imposition of additional tax under Section 409A if paid to the Participant on or within the six (6) month period following the Separation from Service, then to the extent such portion of the
Deferred Compensation Benefits resulting in the imposition of additional tax would otherwise have been payable on or within the first six (6) months following the Separation from Service, it will instead become payable on the first payroll date
that occurs in the seventh month following the Separation from Service (or such longer period as is required to avoid the imposition of additional tax under Section 409A). All subsequent Deferred Compensation Separation Benefits, if any, will
be payable in accordance with the payment schedule applicable to each payment or benefit. 
 VII. MISCELLANEOUS

 1.    No Effect on Terms of Employment.    Participation
in the Plan shall not create a right to further employment with the Participant’s employer (the “Employer”) and shall not 

  
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interfere with the ability of the Employer to terminate, with or without cause, or change the terms of employment of a Participant at any time. 

2.    Grants to Participants in Foreign Countries.    In making grants to
Participants in foreign countries, the Administrator has the full discretion to deviate from this Statement of Terms and Conditions in order to adjust grants under the Plan to prevailing local conditions, including custom and legal and tax
requirements. Furthermore, the Corporation reserves the right to impose other requirements on the Participant’s participation in the Plan on the Award and on any Shares acquired under the Plan, to the extent the Corporation determines it is
necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require the Participant to sign any additional agreements or undertaking that may be necessary to accomplish the foregoing. 

3.    Information Notification.    Any information required to be given
under the terms of an Award shall be addressed to the Corporation in care of its Corporate Secretary at McKesson Corporation, One Post Street, 35th Floor, San Francisco, California 94104, and any notice to be given to a Participant shall be addressed to him at the
address indicated beneath his or her name on the Award Agreement or such other address as either party may designate in writing to the other. Any such notice shall be deemed to have been duly given when enclosed in a properly sealed envelope or
wrapper addressed as aforesaid, registered or certified and deposited (postage or registration or certification fee prepaid) in a post office or branch post office. 

4.    Administrator Decisions Conclusive.    All decisions of the
Administrator administering the Plan upon any questions arising under the Plan or under an Award Agreement, shall be conclusive. 
 5.    No Effect on Other Benefit Plans.    Nothing herein contained shall affect a Participant’s right to participate in and receive benefits from and
in accordance with the then current provisions of any pensions, insurance or other employment welfare plan or program offered by the Corporation. 
 6.    Withholding.    Regardless of any action the Corporation or the Employer takes with respect to any federal, state or local income tax, social
insurance, payroll tax, payment on account or other tax-related items related to the Participant’s participation in the Plan and legally applicable to the Participant (“Tax-Related Items”), the Participant acknowledges that the
ultimate liability for all Tax-Related Items is and remains his or her responsibility and may exceed the amount actually withheld by the Corporation or the Employer. The Participant further acknowledges that the Corporation and/or the Employer
(1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, including the grant, vesting or exercise of the Award, as applicable, the subsequent sale of Shares
acquired pursuant to the Plan and the receipt of any dividends and/or dividend equivalents; and (2) do not commit and are under no obligation to structure the terms of the grant or any aspect of the Award to reduce or eliminate the
Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Participant has become subject to tax in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, the
Participant acknowledges that the Corporation and/or the Employer (or former employer, as 

  
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applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 Prior to any relevant taxable or tax withholding event, as applicable, the Participant will pay or make adequate arrangements satisfactory to the Corporation and/or the Employer, or their respective
agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following: (1) withholding from the Participant’s wages or other cash compensation paid to him or her by the
Corporation and/or the Employer; (2) withholding from proceeds of the sale of Shares acquired under the Plan either through a voluntary sale or through a mandatory sale arranged by the Corporation (on the Participant’s behalf pursuant to
this authorization and any other authorization the Corporation and/or the broker designated by the Corporation may require the Participant to sign in connection with the sale of Shares); or (3) withholding Shares to be issued upon grant,
vesting/settlement or exercise, as applicable. Calculation of the number of Shares to be withheld shall be made based on the closing price of the Common Stock on the New York Stock Exchange on the date that the amount of tax to be withheld is
determined. In no event, however, shall the Corporation be required to issue fractional Shares. With respect to an Award other than an Option, if adequate arrangements to satisfy the obligations with regard to all Tax-Related Items are not made by
the Participant with the Corporation and/or the Employer prior to the relevant taxable event, the Corporation will satisfy such obligations as provided above in (3) of this paragraph. 

To avoid negative accounting treatment, the Corporation may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Participant will be deemed to have been issued the full
number of Shares subject to the Award, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Participant’s participation in the Plan. 

Finally, the Participant shall pay to the Corporation or the Employer any amount of Tax-Related Items that the
Corporation or the Employer may be required to withhold or account for as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Corporation may refuse to issue or deliver the
Shares or the proceeds of the sale of Shares if the Participant fails to comply with his or her obligations in connection with the Tax-Related Items. 
 The Administrator shall be authorized to establish such rules, forms and procedures as it deems necessary to implement the foregoing. 

7.    Successors.    The Award Agreements shall be binding upon and inure
to the benefit of any successor or successors of the Corporation. “Participant” as used herein shall include the Participant’s Beneficiary. 
 8.    Delaware Law.    The interpretation, performance, and enforcement of all Award Agreements shall be governed by the laws of the State of Delaware.

  
 15 

 Officers 

 
 9.    Nature of
Grant.    In accepting the grant, the Participant acknowledges that: 

(A)    the Plan is established voluntarily by the Corporation, it is discretionary in nature and it
may be modified, amended, suspended or terminated by the Corporation at any time; 

(B)    the grant of the Award is voluntary and occasional and does not create any contractual or
other right to receive future Award grants, or benefits in lieu of Awards, even if Awards have been granted repeatedly in the past; 
 (C)    all decisions with respect to future Awards, if any, will be at the sole discretion of the Corporation; 

(D)    the Participant is voluntarily participating in the Plan; 

(E)    the Award is not part of normal or expected compensation for any purpose, including, but not
limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; 

(F)    the Award will not be interpreted to form an employment contract or relationship with the
Corporation; and furthermore, the Award will not be interpreted to form an employment contract with any subsidiary or Affiliate of the Corporation; 
 (G)    the future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty; 

(H)    if the underlying Shares do not increase in value, the Options will have no value;

 (I)    in consideration of the grant of the Award, no claim or entitlement to
compensation or damages shall arise from forfeiture of the Award which results from termination of the Participant’s employment with the Employer or the Corporation or one of its Affiliates (for any reason whatsoever) and the Participant
irrevocably releases the Corporation or its Affiliates from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by accepting the Award, the Participant
shall be deemed irrevocably to have waived his or her entitlement to pursue such claim; 

(J)    for purposes of an Award, the Participant’s employment relationship will be considered
terminated as of the date the Participant is no longer a bona fide employee of the Corporation or one of its Affiliates (regardless of the reason for such termination and whether or not later found to be invalid or in breach of the employment laws
in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any), and unless otherwise expressly provided in this Award Agreement or determined by the Corporation in its sole discretion, the
Participant’s right to receive Awards and vest in Awards under the Plan, if any, will terminate effective as of such date and will not be extended by any notice period mandated under local law; similarly, any right to exercise Options under the
Plan after 

  
 16 

 Officers 

 
 
termination of employment will be measured as of the date the Participant is no longer a bona fide employee of the Corporation or one of its Affiliates and will not be extended by any notice
period mandated under local law; the Administrator shall have the sole discretion to determine when the Participant is no longer a bona fide employee; 
 (K)    the Corporation is not providing any tax, legal or financial advice, nor is the Corporation making any recommendations regarding participation in the Plan or the
Participant’s acquisition or sale of Shares; and 
 (L)    Participant is hereby
advised to consult with his or her own personal tax, legal and financial advisors regarding Participant’s participation in the Plan before taking any action related to the Plan. 

10.    Data Privacy.    By accepting the Award, the Participant hereby
explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data as described in this document by and among, as applicable, the Employer and the Corporation and its Affiliates for
the exclusive purpose of implementing, administering and managing participation in the Plan. 
 The Participant
understands that the Corporation and the Employer hold certain personal information about the Participant, including, but not limited, his or her name, home address and telephone number, date of birth, social insurance or other identification
number, salary, nationality, job title, any Shares or directorships held in the Corporation, details of all Options, Restricted Stock, Restricted Stock Units, Performance Shares, Other Share-Based Awards, or any other entitlement to Shares awarded,
canceled, exercised, vested, unvested or outstanding in the Participant’s favor, for the purpose of implementing, administering and managing the Plan (“Data”). The Participant understands that Data may be transferred to any third
parties assisting in the implementation, administration and management of the Plan, that recipients of Data may be located in the United States or elsewhere, and that the recipient’s country may have different data privacy laws and protections
than the Participant’s country. The Participant understands that if the Participant resides outside of the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by contacting the local
human resources representative. The Participant authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing participation in the Plan,
including any requisite transfer of such Data as may be required to a broker or other third party with whom the Participant may elect to deposit any Shares acquired under the Plan. The Participant understands that Data will be held only as long as
is necessary to implement, administer and manage his or her participation in the Plan. The Participant understands that if the Participant resides outside of the United States, he or she may, at any time, view Data, request additional information
about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, without cost, by contacting in writing the local human resources representative. Further, the Participant understands that
he or she is providing the consents herein on a purely voluntary basis. If the Participant does not consent, or if he or she later seeks to revoke his or her consent, the Participant’s employment status or service and career with the Employer
will not be adversely affected; the only adverse consequence of refusing or withdrawing his or her consent is that the Corporation would not be able to grant him or her 

  
 17 

 Officers 

 
 
Awards or administer or maintain such Awards. Therefore, the Participant understands that refusing or withdrawing consent may affect his or her ability to participate in the Plan. For more
information on the consequences of refusal to consent or withdrawal of consent, the Participant understands that he or she may contact the local human resources representative. 

11.    Severability.    The provisions in this Statement of Terms and
Conditions are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

12.    Language.    If the Participant has received this Statement of
Terms and Conditions or any other document related to the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

13.    Electronic Delivery.    The Corporation may, in its sole
discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an
on-line or electronic system established and maintained by the Corporation or a third party designated by the Corporation. 
  

	VIII.	 DEFINITIONS 

 When capitalized in this Statement of Terms and Conditions, the following terms shall have the meaning set forth below: 

1.    “Award Agreement” means an agreement between the Participant and the
Corporation evidencing the grant of an Option, Restricted Stock Award, Restricted Stock Award, Performance Shares or Other Share-Based Award, as applicable. 
 2.    “Cause” means termination of the Participant’s employment with the Corporation or an Affiliate upon the Participant’s negligent or willful engagement
in misconduct which, in the sole determination of the Chief Executive Officer of the Corporation (or his designee), is injurious to the Corporation, its employees, or its customers. 

3.    “DCAP III” means the Corporation’s Deferred Compensation Administration
Plan III, or its successor plan. 
 4.    “Early Retirement” means a
termination of employment which occurs prior to Normal Retirement but on or after the date on which the Participant’s age (expressed in terms of years and completed months) plus service with the Corporation or an Affiliate equals 65.

 5.    “Family Member” means any person identified as an “immediate
family” member in Rule 16(a)-1(e) of the Exchange Act, as such Rule may be amended from time to time. Notwithstanding the foregoing, the Administrator may designate any other person(s) or entity(ies) as a “family
member.” 

  
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 Officers 

 
 6.    “Good
Reason” means any of the following actions, if taken without the express written consent of the Participant: 
 (A)    Any material change by the Corporation in the Participant’s functions, duties, or responsibilities, which change would cause the Participant’s position with the
Corporation to become of less dignity, responsibility, importance, or scope from the position and attributes that applied to the Participant immediately prior to the Change in Control; 

(B)    Any significant reduction in the Participant’s base salary immediately prior to the
Change in Control, other than a reduction effected as part of an across-the-board reduction affecting all executive employees of the Corporation; 
 (C)    Any material failure by the Corporation to comply with any of the provisions of an award (or of any employment agreement between the parties) subsequent to a Change in
Control; 
 (D)    The Corporation’s requiring the Participant to be based at any
office or location more than 25 miles from the office at which the Participant is based on the date immediately preceding the Change in Control; or 
 (E)    Any change in the person to whom the Participant reports, as this relationship existed immediately prior to a Change in Control; 

Provided that the Participant gives notice to the Company of the existence of the Good Reason condition within 30 days of the initial
existence of the Good Reason condition and the Company is provided 30 days after receipt of the Participant’s notice to remedy the Good Reason condition; provided further that the Participant’s Separation from Service must occur within six
months from the initial existence of the Good Reason condition if the Company does not remedy such condition for such separation to be considered to be for Good Reason. 

7.    “Grant Date” means the date the Administrator grants the Award. 

8.    “Grant Notice” means the notice of an Award granted to the Participant, which
sets forth certain terms of such Award. 
 9.    “Long-Term Disability”
means a physical or mental condition which the Social Security Administration has determined renders the Participant eligible to receive Social Security benefits on account of disability or if the Participant is employed outside of the U.S., as
determined in accordance with local standards by the Committee in its discretion. 

10.    “Normal Retirement” means retirement at age 65 (62, in the case of a
participant in the McKesson Corporation 1984 Executive Benefit Retirement Plan) with at least ten years of Service with the Corporation or an Affiliate. 
 11.    “Option Period” means the period commencing on the Grant Date of an Option and, except at otherwise provided in Section II.5, ending on the Termination
Date. 

  
 19 

 Officers 

 

12.    “Separation from Service” means “Separation from Service” as defined
in DCAP III. 
 13.    “Service” means “Service” as defined in
the Corporation’s Profit-Sharing Investment Plan. 
 14.    “Short-Term
Disability” means short-term disability as defined in the Corporation’s short-term disability plan. 
 15.    “Specified Employee” means “Specified Employee” as defined in DCAP III. 

16.    “Stock Ownership Policy” means the Corporation’s Stock Ownership Policy,
as amended from time to time, which can be found at McKNet under My Work, Corporate Secretary’s Department, Stock Plan Administration. A Participant or a Participant’s beneficiary may also request a copy of the Stock Ownership Policy by
writing to the Corporate Secretary at McKesson Corporation, One Post Street, San Francisco, CA 94104. 

17.    “Termination Date” means the date that an Option expires as set forth in the
Option Grant Notice as the “Expiration Date.” 

  
 20 

 EMPLOYEES SUBJECT TO STOCK OWNERSHIP POLICY 

McKESSON CORPORATION 
 STATEMENT OF TERMS AND CONDITIONS APPLICABLE TO 
 OPTIONS, RESTRICTED
STOCK, RESTRICTED STOCK UNITS AND 
 PERFORMANCE SHARES GRANTED TO EMPLOYEES PURSUANT TO THE 2005 STOCK PLAN

 (Effective as of May 22, 2012) 

 

	I.	 INTRODUCTION 

 The following terms and conditions shall apply to an Award granted under the Plan. This Statement of Terms and Conditions is intended to meet the requirements of Code Section 409A and any rules
promulgated thereunder and is subject to the terms and conditions of the Plan. In the event of any inconsistency between this Statement of Terms and Conditions and the Plan, the Plan shall govern. Capitalized terms not otherwise defined in this
Statement of Terms and Conditions shall have the meaning set forth in the Plan. 
  

	II.	 OPTIONS 

 1.    Option Agreement.    An Option granted under the Plan shall be evidenced by an Option Agreement setting forth the terms and conditions of the Option,
including whether the Option is an Incentive Stock Option or a Nonstatutory Stock Option and the number Shares subject to the Option. Each Stock Option Grant Notice shall incorporate by reference and be subject to this Statement of Terms and
Conditions, including the special terms and conditions in the Appendix for the Participant’s country (if any) which forms part of this Statement of Terms and Conditions, and together both documents shall constitute the Option Agreement. The
Option is also subject to the terms and conditions of the Plan. 
 2.    Exercise
Price.    The Exercise Price of an Option, as specified in the Option Agreement, shall be equal to or greater than the Fair Market Value of the Shares underlying the Option on the Grant Date. 

3.    Option Period.    An Option shall be exercisable only during the
applicable Option Period, and during such Option Period the exercisability of the Option shall be subject to the vesting provisions of Section II.4 as modified by the rules set forth in Sections II.5 and V. The Option Period shall be not
more than seven years from the Grant Date. 
 4.    Vesting of Right to Exercise
Options. 
 (A)    Except as provided in Sections II.5 and V, an Option shall be
exercisable during the Option Period in accordance with the following vesting schedule: (i) 25% of the Shares subject to the Option shall vest on the first anniversary of the Grant Date; (ii) an additional 25% of the Shares shall vest
on the second anniversary of the Grant Date; (iii) an additional 25% of the Shares shall vest on the third anniversary of the Grant Date; and (iv) the remaining 25% of the Shares subject to the Option shall vest on the fourth anniversary
of the 

  

					
	 2005 Stock Plan Form STCs (ECOT) May 2012
	 	1	  	

 ECOT 

 
 
Grant Date. Notwithstanding the foregoing, the Administrator may specify a different vesting schedule at the time the Option is granted, which will be specified in the Option Grant Notice.

 (B)    Any vested portion of an Option not exercised hereunder shall accumulate and be
exercisable at any time on or before the Termination Date, subject to the rules set forth in Sections II.5 and V. No Option may be exercised for less than 5% of the total number of Shares then available for exercise under such Option. In no
event shall the Corporation be required to issue fractional Shares. 
 5.    Limits on
Option Period and Acceleration of Vesting.    The Option Period may end before the Termination Date, and in the circumstances described in Sections II.5(B), (D), (E) and (F), the vesting schedule of an Option may be
accelerated, (subject to the provisions of Section V), as follows: 
 (A)    If a
Participant ceases to be a bona fide employee of the Corporation or of its Affiliates during the Option Period for reasons other than for Cause, Long-Term Disability, Normal Retirement, Early Retirement or death, the Option Period shall end ninety
days after the date of the Participant’s termination of employment or on the Termination Date, whichever occurs first, and in all cases the Option shall be exercisable only to the extent that it was exercisable under the provisions of the
foregoing Section II.4 at the time of such termination of employment. If a Participant is absent from work with the Corporation or an Affiliate because of his or her Short-Term Disability or because the Participant is on an approved leave of
absence, the Participant shall not be deemed during the period of any such absence, by virtue of such absence alone, to have terminated employment with the Corporation or an Affiliate except as the Administrator may otherwise expressly determine.

 (B)    If a Participant ceases to be a bona fide employee of the Corporation or of its
Affiliates (for reasons other than for Cause, Long-Term Disability, Normal Retirement, Early Retirement or death) during the Option Period, the Administrator may, in its sole and absolute discretion (and subject to conditions deemed appropriate
in the circumstances) approve the continuation of the vesting schedule of the Participant’s Option. The Option Period for any Option that continues to vest pursuant to this subsection (B) shall end ninety days after the last
Option installment vests, or on the Termination Date, whichever occurs first. 
 (C)    If
the Participant’s employment is terminated for Cause during the Option Period, the Option Period shall end on the date of such termination of employment and the Option shall thereupon not be exercisable to any extent whatsoever. 

(D)    If a Participant ceases to be a bona fide employee of the Corporation or of its Affiliates
due to his or her Long-Term Disability during the Option Period, the vesting schedule of the Participant’s Option shall be accelerated, the Option shall become fully exercisable and the Option Period shall end three years after the date of the
Participant’s termination of employment or on the Termination Date, whichever occurs first. 

(E)    If the Participant’s employment is terminated: 

(i)    By reason of Normal Retirement or Early Retirement, the Option shall be exercisable only to
the extent that it was exercisable under the provisions of the 

  
 2 

 ECOT 

 
 
foregoing Section II.4 at the time of such retirement; provided, however, that the Administrator may, in its sole discretion (and subject to conditions deemed appropriate in the
circumstances), either (A) accelerate the vesting schedule of the Participant’s Option effective as of the date of the Participant’s Normal Retirement or Early Retirement or (B) approve the continuation of the vesting schedule of
the Participant’s Option. 
 (ii)    With respect to an Option held by a Participant
at Normal Retirement or Early Retirement, the Option Period for that portion of the Option designated as a Nonstatutory Stock Option shall end three years after the date of such retirement or on the Termination Date, whichever occurs first;
provided, however, that in the case of an Option held by a Participant at Normal Retirement or Early Retirement as to which the Administrator exercises its discretionary authority to approve the continuation of the vesting schedule, the Option
Period shall end on the earlier of the Termination Date or three years after the last Option installment vests. 
 (F)    If a Participant should die while in the employ of the Corporation or an Affiliate and during the Option Period, the vesting schedule of the Participant’s Option shall be
accelerated and the Option shall become fully exercisable, the Option Period shall end three years after the date of death or on the Termination Date, whichever occurs first, and the Participant’s Beneficiary may exercise the entire unexercised
portion of the then exercisable Shares covered by such Option (or any lesser amount) remaining on the date of death. 
 (G)    If a Participant who ceases to be a bona fide employee of the Corporation or an Affiliate is subsequently rehired prior to the expiration of his or her Option, then the Option
shall continue to remain outstanding until such time as the Participant subsequently terminates employment. Upon the Participant’s subsequent termination of employment, the post-termination exercise period calculated pursuant to the terms and
conditions of this Section II.5 shall be reduced by the number of days between the date of the Participant’s initial termination of employment and his or her re-hire date; provided, however, that if the rehired Participant continues to be
employed by the Corporation or an Affiliate for at least one year from his or her rehire date, then the post termination exercise period for the Option shall be determined in accordance with Sections II.5(A) through (F) and shall not
be adjusted as described in this Section II.5(G). 
 6.    Method of
Exercise.    A Participant may exercise an Option with respect to all or any part of the exercisable Shares as follows: 
 (A)    By giving the Corporation, or its authorized representative designated for this purpose, written notice of such exercise specifying the number of Shares as to which the Option
is so exercised. Such notice shall be accompanied by an amount equal to the Exercise Price multiplied by the number of Shares exercised, in the form of any one or combination of the following: cash or a certified check, bank draft, postal or
express money order payable to the order of the Corporation in lawful money of the United States. Unless otherwise determined by the Administrator in his or her sole discretion, the Participant may pay the Exercise Price, in whole or in part, by
tendering to the Corporation or its authorized representative Shares, which have been owned by the Participant for at least six months prior to said tender, and having a fair market value, as determined by the Corporation, equal to the Exercise
Price, or in lieu of the 

  
 3 

 ECOT 

 
 
delivery of actual Shares in such tender, the Corporation may accept an attestation by the Participant, in a form prescribed by the Corporation or its authorized representative, that the
Participant owns sufficient Shares of record or in an account in street name to satisfy the Exercise Price, and such attestation will be deemed a tender of Shares for purposes of this method of exercise. The Corporation or its authorized
representative may accept payment of the amount due upon the exercise of the Option in the form of a Participant’s personal check. Payment may also be made by delivery (including by FAX transmission) to the Corporation or its authorized
representative of an executed irrevocable Option exercise form together with irrevocable instructions to an approved registered investment broker to sell Shares in an amount sufficient to pay the Exercise Price plus any applicable Tax-Related Items
(as defined in Section VII.6) and to transfer the proceeds of such sale to the Corporation. 

(B)    If required by the Corporation, by giving satisfactory assurance in writing, signed by the
Participant, the Participant shall give his or her assurance that the Shares subject to the Option are being purchased for investment and not with a view to the distribution thereof; provided that such assurance shall be deemed inapplicable to
(1) any sale of the Shares by such Participant made in accordance with the terms of a registration statement covering such sale, which has heretofore been (or may hereafter be) filed and become effective under the U.S. Securities Act of
1933, as amended (the “Securities Act”) and with respect to which no stop order suspending the effectiveness thereof has been issued, and (2) any other sale of the Shares with respect to which, in the opinion of counsel for the
Corporation, such assurance is not required to be given in order to comply with the provisions of the Securities Act. 
 (C)    As soon as practicable after receipt of the notice and the assurance described in Sections II.6(A) and (B), the Corporation shall, without transfer or issue tax
(except for withholding tax arrangements contemplated in Section VII.6) and without other incidental expense to the Participant, credit the purchased Shares to the Participant’s brokerage account of record. If the Participant does not
have a brokerage account of record, then the Corporation shall cause an appropriate book entry to be entered in the records of the Corporation’s transfer agent recording the Participant’s unrestricted interest in the purchased Shares;
provided, however, that the time of such delivery may be postponed by the Corporation for such period as may be required for it with reasonable diligence to comply with applicable registration requirements under the Securities Act, the Exchange Act,
any applicable listing requirements of any national securities exchange and requirements under any other law or regulation applicable to the issuance or transfer of the Shares. 

7.    Limitations on Transfer.    An Option shall, during a
Participant’s lifetime, be exercisable only by the Participant. No Option or any right granted thereunder shall be transferable by the Participant by operation of law or otherwise, other than by will or the laws of descent and distribution.
Notwithstanding the foregoing, (i) a Participant may designate a beneficiary to succeed, after the Participant’s death, to all of the Participant’s Options outstanding on the date of death; (ii) a Nonstatutory Stock Option may be
transferable pursuant to a qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act; and (iii) any Participant, who is a senior executive officer recommended by the Chief Executive
Officer of the Corporation and approved by the Administrator may voluntarily transfer any Nonstatutory Stock Option to a Family Member as a gift or through a transfer to an entity in which more than 50% of the voting interests are owned

  
 4 

 ECOT 

 
 
by Family Members (or the Participant) in exchange for an interest in that entity. In the event of any attempt by a Participant to alienate, assign, pledge, hypothecate, or otherwise dispose
of an Option or of any right thereunder, except as provided herein, or in the event of the levy of any attachment, execution, or similar process upon the rights or interest hereby conferred, the Corporation at its election may terminate the affected
Option by notice to the Participant and the Option shall thereupon become null and void. 

8.    No Stockholder Rights.    Neither a Participant nor any person
entitled to exercise a Participant’s rights in the event of the Participant’s death shall have any of the rights of a stockholder with respect to the Shares subject to an Option except to the extent that a book entry has been entered in
the records of the Corporation’s transfer agent with respect to such Shares upon the exercise of an Option. 
  

	III.	 RESTRICTED STOCK 

 1.    Restricted Stock Agreement.    A Restricted Stock Award granted under the Plan shall be evidenced by a Restricted Stock Agreement to be executed by the
Participant and the Corporation setting forth the terms and conditions of the Restricted Stock Award. Each Restricted Stock Grant Notice shall incorporate by reference and be subject to this Statement of Terms and Conditions, including the special
terms and conditions in the Appendix for the Participant’s country (if any) which forms part of this Statement of Terms and Conditions, and together both documents shall constitute the Restricted Stock Agreement. The Restricted Stock Award is
also subject to the terms and conditions of the Plan. 
 2.    Rights with Respect to
Shares of Restricted Stock.    Upon written acceptance of a grant of Restricted Stock Award by a Participant, including the restrictions and other terms and conditions described in the Plan and the Restricted Stock Agreement,
the Corporation shall cause an appropriate book entry to be entered in the records of the Corporation’s transfer agent recording the Participant’s interest in the Restricted Stock. From and after the Grant Date, the Participant shall have
the rights of Common Stock ownership, including the right to vote and to receive dividends on Shares of Restricted Stock, subject to the terms, conditions and restrictions described in the Plan and the Restricted Stock Agreement. 

3.    Special Restrictions.    Each Restricted Stock Award made under the
Plan shall contain the following terms, conditions and restrictions and such additional terms, conditions and restrictions as may be determined by the Administrator; provided, however, that no Restricted Stock grant shall be subject to additional
terms, conditions and restrictions which are more favorable to a Participant than the terms, conditions and restrictions set forth elsewhere in the Plan or the Restricted Stock Agreement. 

(A)    Restrictions.    Until the restrictions imposed on any Restricted
Stock grant shall lapse (the “Restriction Period”), Shares of Restricted Stock granted to a Participant: (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, other than pursuant to a
qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act and (ii) shall, if the Participant’s continuous employment with the Corporation or any of its Affiliates shall
terminate for any reason (except as otherwise provided in the Plan or in Section III.3(B)) be returned to the 

  
 5 

 ECOT 

 
 
Corporation forthwith, and all the rights of the Participant to such Shares shall immediately terminate. If a Participant is absent from work with the Corporation or an Affiliate because of his
or her Short-Term Disability or because the Participant is on an approved leave of absence, the Participant shall not be deemed during the period of any such absence, by virtue of such absence alone, to have terminated employment with the
Corporation or an Affiliate except as the Administrator may otherwise expressly determine. 

(B)    Termination of Employment by Reason of Death, Long-Term Disability or Normal
Retirement. Notwithstanding any provision contained herein or in the Plan or the Restricted Stock Agreement to the contrary, if a Participant who has been in the continuous employment of the Corporation or any of its Affiliates since the Grant
Date of a Restricted Stock Award ceases to be a bona fide employee of the Corporation or an Affiliate as a result of: 
 (i)    Death or Long-Term Disability, then the restrictions imposed on any Restricted Stock Award shall lapse as to all Shares granted to such Participant pursuant to such Restricted
Stock Award on the date of such termination; or 
 (ii)    Normal
Retirement, then, unless otherwise determined by the Administrator, with respect to any time-based Restricted Stock Award then held by such Participant as to which restrictions have not lapsed, the restrictions applicable to such Restricted Stock
Award shall lapse on the effective date of such Normal Retirement as to that whole number of Shares, rounded down to the nearest whole Share, equal to (a) the total number of Shares subject to such Restricted Stock Award, multiplied by
(b) a fraction, the numerator of which is the number of whole calendar months, rounded down to the nearest whole month, during which the Participant provided Service to the Corporation during the entire vesting period applicable to such Award,
and the denominator of which is the number of calendar months in such entire vesting period, minus (c) the number of Shares originally subject to such Restricted Stock Award with respect to which restrictions shall have lapsed as of the
effective date of such Normal Retirement; provided, that for purposes of clause (b) above, “whole calendar months” shall be calculated commencing on the applicable Grant Date; and provided further, that notwithstanding any other
provision of the Plan or this Statement of Terms and Conditions, this Section III.3(B)(ii) shall not apply to any Restricted Stock Award the vesting of which is based, in whole or in part, on attainment of performance objectives. 

(C)    Termination of Employment by Reason of Early
Retirement.    Notwithstanding any provision contained herein or in the Plan or the Restricted Stock Agreement to the contrary, if a Participant who has been in the continuous employment of the Corporation or any of its
Affiliates since the Grant Date of a Restricted Stock Award ceases to be a bona fide employee of the Corporation or an Affiliate by reason of Early Retirement, the Administrator may, in its sole discretion (and subject to conditions deemed
appropriate in the circumstances), accelerate the vesting schedule of the Participant’s Restricted Stock Award effective as of the date of the Participant’s Early Retirement. 

(D)    Restriction on Sale.    The Compensation Committee reserves the
right to impose a restriction on the sale of Shares that the Participant receives upon the vesting and 

  
 6 

 ECOT 

 
 
settlement of a Restricted Stock Award, unless the Participant has satisfied the ownership targets applicable to the Participant as provided in the Stock Ownership Policy. 

4.    Dividends.    Cash dividends paid with respect to the Restricted
Stock during the Restriction Period shall be paid directly to the Participant during the Restriction Period. Stock dividends paid with respect to Restricted Stock during the Restriction Period shall be treated as Restricted Stock which shall be
subject to the same restrictions as the original award for the duration of the Restricted Period. 

5.    Election to Recognize Gross Income in the Year of Grant.    If any
Participant validly elects within thirty days of the Grant Date, to include in gross income for federal income tax purposes an amount equal to the fair market value of the Shares of Restricted Stock granted on the Grant Date, such Participant shall
(at the same time or prior to the date that the Participant files his or her election with the Internal Revenue Service): (A) pay to the Corporation, or make arrangements satisfactory to the Administrator to pay to the Corporation in the year
of such grant, any federal, state or local taxes required to be withheld with respect to such Shares in accordance with Section VII.6, and (B) provide the Administrator with a copy of the election filed with the Internal Revenue Service.

 6.    Restrictive Legend.    Each book entry in the records of
the Corporation’s transfer agent evidencing Shares granted pursuant to a Restricted Stock grant may bear an appropriate legend referring to the terms, conditions and restrictions described in the Plan and/or the Restricted Stock Agreement.

 7.    Expiration of Restricted Period.    If and when the
Restriction Period applicable to the Restricted Stock expires without a prior forfeiture, Shares shall be credited to the Participant’s brokerage account of record. If the Participant does not have a brokerage account of record, then an
appropriate book entry recording the Participant’s interest in the unrestricted Shares shall be entered on the records of the Corporation’s transfer agent. 
  

	IV.	 RESTRICTED STOCK UNITS AND PERFORMANCE SHARES 

1.    Award Agreement. 

(A)    Restricted Stock Units granted under the Plan shall be evidenced by a Restricted Stock Unit
Agreement to be executed by the Participant and the Corporation setting forth the terms and conditions of the Restricted Stock Units. Each Restricted Stock Unit Grant Notice shall incorporate by reference and be subject to this Statement of Terms
and Conditions, including the special terms and conditions in the Appendix for the Participant’s country (if any) which forms part of this Statement of Terms and Conditions, and together both documents shall constitute the Restricted Stock Unit
Agreement. The Restricted Stock Units are also subject to the terms and conditions of the Plan. 

(B)    Performance Shares granted under the Plan shall be evidenced by a Performance Share Agreement
to be executed by the Participant and the Corporation setting forth the terms and conditions of the Performance Shares. Each Performance Share Grant Notice shall incorporate by reference and be subject to this Statement of Terms and Conditions,
including the special terms and conditions in the Appendix for the Participant’s country (if any) 

  
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which forms part of this Statement of Terms and Conditions, and together both documents shall constitute the Performance Share Agreement. Performance Shares are also subject to the terms and
conditions of the Plan. 
 2.    Special
Restrictions.    Restricted Stock Units and Performance Shares granted under the Plan shall contain the following terms, conditions and restrictions and such additional terms, conditions and restrictions as may be determined
by the Administrator; provided, however, that no such Award shall be subject to additional terms, conditions and restrictions which are more favorable to a Participant than the terms, conditions and restrictions set forth elsewhere in the Plan, the
Restricted Stock Unit Agreement or Performance Share Agreement. 

(A)    Restrictions.    If a Participant ceases to be a bona fide
employee of the Corporation or any Affiliate (except as otherwise provided in the Plan or in Section IV.2(B)) prior to the lapse of the restrictions imposed on the Award, the unvested Restricted Stock Units or Performance Shares shall be
returned to the Corporation, and all the rights of the Participant to such Share Equivalents shall immediately terminate. If a Participant is absent from work with the Corporation or an Affiliate because of his or her Short-Term Disability or
because the Participant is on an approved leave of absence, the Participant shall not be deemed during the period of any such absence, by virtue of such absence alone, to have terminated employment with the Corporation or an Affiliate except as the
Administrator may otherwise expressly determine. 
 (B)    Termination of Employment by
Reason of Death, Long-Term Disability or Normal Retirement. Notwithstanding any provision contained herein or in the Plan, the Restricted Stock Unit Agreement or Performance Share Agreement to the contrary, if a Participant who has been in the
continuous employment of the Corporation or any of its Affiliates since the Grant Date of such Award ceases to be a bona fide employee of the Corporation or an Affiliate as a result of: 

(i)    Death or Long-Term Disability, then the restrictions imposed on any
Restricted Stock Units or Performance Shares shall lapse as to all Share Equivalents granted to such Participant pursuant to such Award on the date of such termination; or 

(ii)    Normal Retirement, then, unless otherwise determined by the Administrator,
with respect to any time-based Restricted Stock Units then held by such Participant as to which restrictions have not lapsed, the restrictions applicable to such Restricted Stock Units shall lapse on the effective date of such Normal Retirement as
to that whole number of Share Equivalents, rounded down to the nearest whole Share Equivalent, equal to (a) the total number of Restricted Stock Units subject to such Award, multiplied by (b) a fraction, the numerator of which is
the number of whole calendar months, rounded down to the nearest whole month, during which the Participant provided Service to the Corporation during the entire vesting period applicable to such Award, and the denominator of which is the number of
calendar months in such entire vesting period, minus (c) the number of Restricted Stock Units originally subject to such Award with respect to which restrictions shall have lapsed as of the effective date of such Normal Retirement;
provided, that for purposes of clause (b) above, “whole calendar months” shall be calculated commencing on the applicable Grant Date; and provided further, that 

  
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notwithstanding any other provision of the Plan or this Statement of Terms and Conditions, this Section IV.2(B)(ii) shall not apply to any Performance Shares or to any Restricted Stock Units the
vesting of which is based, in whole or in part, on attainment of performance objectives. 

(C)    Termination of Employment by Reason of Early
Retirement.    Notwithstanding any provision contained herein or in the Plan or the Restricted Stock Unit Agreement or Performance Share Agreement to the contrary, if a Participant who has been in continuous employment of the
Corporation or any of its Affiliates since the Grant Date of Restricted Stock Units or Performance Shares ceases to be a bona fide employee of the Corporation or an Affiliate by reason of Early Retirement, the Administrator may, in its sole
discretion (and subject to conditions deemed appropriate in the circumstances), accelerate the vesting schedule of the Participant’s Restricted Stock Units or Performance Shares effective as of the date of the Participant’s Early
Retirement. 
 (D)    Restriction on Sale.    The Compensation
Committee reserves the right to impose a restriction on the sale of Shares that the Participant receives upon the settlement of Restricted Stock Units or Performance Shares, unless the Participant has satisfied the ownership targets applicable to
the Participant as provided in the Stock Ownership Policy. 
 3.    Dividend
Equivalents.    Subject to discretion of the Compensation Committee, dividend equivalents shall be credited in respect of Restricted Stock Units and Performance Shares. Cash dividends shall be credited on behalf of the
Participant to a deferred cash account (in a manner designed to comply with Code Section 409A) and the restrictions on such cash dividends shall lapse at the same time that the restrictions lapse on the associated Share Equivalents underlying
the Restricted Stock Units or Performance Shares (as applicable), and cash dividends, along with accrued interest (if any) on such cash dividends, shall be paid in a lump sum at the same time that the Shares underlying the Restricted Stock Unit or
Performance Share Award, and to which the cash dividends relate, are distributed. Stock dividends shall be converted into additional Restricted Stock Units or Performance Shares, which will be subject to all of the terms and conditions of the
underlying Restricted Stock Units or Performance Shares, including the same vesting restrictions as the underlying Award. 
 4.    Assignability.    A Participant shall not be permitted to sell, transfer, pledge, assign or encumber Restricted Stock Units or Performance Shares,
other than pursuant to a qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act. 
 5.    No Stockholder Rights.    Neither a Participant nor any person entitled to exercise a Participant’s rights in the event of the Participant’s
death shall have any of the rights of a stockholder with respect to the Share Equivalents subject to Restricted Stock Units or Performance Shares except to the extent that a book entry has been entered in the records of the Corporation’s
transfer agent with respect to such Shares upon the settlement of any vested Restricted Stock Units or Performance Shares. 
 6.    Time of Payment of Restricted Stock Units and Performance Shares.    Upon the lapse of the restriction imposed on Restricted Stock Units or Performance
Shares, all Restricted 

  
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Stock Units and Performance Shares that were not forfeited pursuant to Section IV.2(A) or V shall be paid to the Participant as soon as reasonably practicable after the restrictions
lapse. Payment shall be made in Shares to the Participant’s brokerage account of record. If the Participant does not have a brokerage account of record, then in the form of an appropriate book entry entered in the records of the
Corporation’s transfer agent recording the Participant’s unrestricted interest in the number of Shares equal to the number of vested Share Equivalents subject to the Restricted Stock Units or Performance Shares. 

Notwithstanding the foregoing, if a Participant becomes eligible for Normal Retirement prior to the date of the lapse of
restriction imposed on the Restricted Stock Units is scheduled to occur, then such Restricted Stock Units shall be paid to the Participant in full at the earlier of the date in which the Participant has a Separation from Service, subject to the
delay of payment (if applicable) provided in Section VI.2, or the fixed date in which the lapse of restricted was originally scheduled to occur. The procedures set forth in Section VII.6 will be applied for any taxes due upon the lapse of
restriction imposed on the Restricted Stock Units due to a Participant’s Normal Retirement eligibility. 
  

	V.	 SPECIAL FORFEITURE AND REPAYMENT RULES 

Any other provision of this Statement of Terms and Conditions to the contrary notwithstanding, if the Administrator
determines that a Participant has engaged in any of the actions described in 3 below, the consequences set forth in 1 and 2 below shall result: 
 1.    Any outstanding Option shall immediately and automatically terminate, be forfeited and shall cease to be exercisable, without limitation. In addition, any Shares of Restricted
Stock, Restricted Stock Units or Performance Shares as to which the restrictions have not lapsed shall immediately and automatically be forfeited and such Shares or Share Equivalents shall be returned to the Corporation and all of the rights of the
Participant to such Shares or Share Equivalents shall immediately terminate. 
 2.    If the
Participant exercised an Option within twelve months prior to the date upon which the Corporation discovered that the Participant engaged in any actions described in 3 below, the Participant, upon written notice from the Corporation, shall
immediately pay to the Corporation the economic value realized or obtained by the exercise of such Option measured at the date of exercise. In addition, if the restrictions imposed on any grant of Restricted Stock, Restricted Stock Units or
Performance Shares lapsed within twelve months prior to the date the Corporation discovered that the Participant engaged in any action described in 3 below, the Participant, upon written notice from the Corporation, shall immediately pay to the
Corporation the economic value realized or obtained with respect to such Shares of Restricted Stock, the Restricted Stock Units, the Performance Shares and/or Dividend Equivalents, measured at the date such Shares, Share Equivalents or Dividend
Equivalents vested. 
 3.    The consequences described in 1 and 2 above shall apply if the
Participant, either before or after termination of employment with the Corporation or its Affiliates: 

(A)    Discloses to others, or takes or uses for his own purpose or the purpose of others, any trade
secrets, confidential information, knowledge, data or know-how or any other 

  
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proprietary information or intellectual property belonging to the Corporation or its Affiliates and obtained by the Participant during the term of his employment, whether or not they are the
Participant’s work product. Examples of such confidential information or trade secrets include, without limitation, customer lists, supplier lists, pricing and cost data, computer programs, delivery routes, advertising plans, wage and salary
data, financial information, research and development plans, processes, equipment, product information and all other types and categories of information as to which the Participant knows or has reason to know that the Corporation or its Affiliates
intends or expects secrecy to be maintained; 
 (B)    Fails to promptly return all
documents and other tangible items belonging to the Corporation or its Affiliates in the Participant’s possession or control, including all complete or partial copies, recordings, abstracts, notes or reproductions of any kind made from or about
such documents or information contained therein, upon termination of employment, whether pursuant to retirement or otherwise; 
 (C)    Fails to provide the Corporation with at least thirty (30) days’ written notice prior to directly or indirectly engaging in, becoming employed by, or rendering
services, advice or assistance to any business in competition with the Corporation or its Affiliates. As used herein, “business in competition” means any person, organization or enterprise which is engaged in or is about to become engaged
in any line of business engaged in by the Corporation or its Affiliates at the time of the termination of the Participant’s employment with the Corporation or its Affiliates; 

(D)    Fails to inform any new employer, before accepting employment, of the terms of this paragraph
and of the Participant’s continuing obligation to maintain the confidentiality of the trade secrets and other confidential information belonging to the Corporation or its Affiliates and obtained by the Participant during the term of his
employment with the Corporation or any of its Affiliates; 
 (E)    Induces or attempts to
induce, directly or indirectly, any of the customers of the Corporation or its Affiliates, employees, representatives or consultants to terminate, discontinue or cease working with or for the Corporation or its Affiliates, or to breach any contract
with the Corporation or any of its Affiliates, in order to work with or for, or enter into a contract with, the Participant or any third party; 
 (F)    Engages in conduct which is not in good faith and which disrupts, damages, impairs or interferes with the business, reputation or employees of the Corporation or its Affiliates;
or 
 (G)    Directly or indirectly engages in, becomes employed by, or renders services,
advice or assistance to any business in competition with the Corporation or its Affiliates, at any time during the twelve months following termination of employment with the Corporation. 

The Administrator shall determine in its sole discretion whether the Participant has engaged in any of the acts set forth
in (A) through (G) above, and its determination shall be conclusive and binding on all interested persons. 

  
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 Any provision of this Section V which is
determined by a court of competent jurisdiction to be invalid or unenforceable should be construed or limited in a manner that is valid and enforceable and that comes closest to the business objectives intended by such invalid or unenforceable
provision, without invalidating or rendering unenforceable the remaining provisions of this Section V. 
  

	VI.	 CHANGE IN CONTROL 

 1.    If as a result of a Change in Control, the Common Stock ceases to be listed for trading on a national securities exchange (an “Exchange”), any Option, Restricted Stock
Award, Restricted Stock Units, or Performance Shares that are unvested on the effective date of the Change in Control shall continue to vest according to the terms and conditions of such Award, provided that such Award is replaced with an award for
voting securities of the resulting corporation or the acquiring corporation, as the case may be, (including without limitation, the voting securities of any corporation which as a result of the Change in Control owns the Corporation or all or
substantially all of the Corporation’s assets either directly or through one or more subsidiaries) (the “Surviving Company”) which are traded on an Exchange (a “Replacement Award”), which Replacement Award,
(i) in the case of Options, shall consist of options with the number of underlying shares and exercise price determined in a manner consistent with Code Section 424(a) with vesting and any other terms continuing in the same manner as
the replaced Options; (ii) in the case of Performance Shares, shall consist of restricted stock or restricted stock units with a value (determined using the Surviving Company’s stock price as of the effective date of the Change in
Control) equal to the value of the Performance Shares (determined using the Corporation’s stock price and assuming attainment of target performance or actual performance achieved, if greater, as of the effective date of the Change in
Control), with any restrictions on such restricted stock or restricted stock units lapsing at the end of the measuring period over which performance for the replaced Performance Shares was to be measured prior to the granting of the Replacement
Award; and (iii) in the case of Restricted Stock or Restricted Stock Units, shall consist of restricted stock or restricted stock units with a value (determined using the Surviving Company’s stock price as of the effective date of the
Change in Control) equal to the value of the Restricted Stock or Restricted Stock Units (determined using the Corporation’s stock price as of the effective date of the Change in Control), with any restrictions on such restricted stock or
restricted stock units lapsing at the same time and manner as the replaced Award; provided, however, that in the event of the Participant’s involuntary Separation from Service by the Corporation without Cause or Separation from Service by the
Participant for Good Reason during the vesting period of any Replacement Award, the Replacement Award shall immediately vest and be paid within seven days of such Separation from Service; and provided further that upon the vesting date of each
Replacement Award, in addition to the fully vested Replacement Award, the Participant shall be entitled to receive a lump sum cash payment (paid at the same time as the Award) equal to the decrease, if any, in the value of a share of the Surviving
Company’s stock from the effective date of the Change in Control (as increased on a calendar quarterly basis using an annual interest rate, as of the last business day of the calendar quarter, for zero-coupon U.S. government securities with a
constant maturity closest in length to the time period between the effective date of the Change in Control and the date of the vesting of the Replacement Award) to the time of vesting, multiplied by the total number of shares or share
equivalents subject to the options, restricted stock, or restricted stock units in the Replacement Award. If Options, Restricted Stock Awards, 

  
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Restricted Stock Units, or Performance Shares that are unvested at the effective time of the Change in Control are not replaced with Replacement Awards, such Awards shall immediately vest and, in
the case of Performance Shares, shall vest based upon deemed attainment of target performance or actual performance achieved, if greater. 
 If as a result of a Change in Control, the Common Stock continues to be listed for trading on an Exchange, any unvested Option, Restricted Stock Award, or Restricted Stock Units shall continue to vest
according to the terms and conditions of such Award and any Performance Shares shall be replaced with Restricted Stock or Restricted Stock Units where the number of such Restricted Stock or Restricted Stock Units shall be equal to the number of
Performance Shares assuming attainment of target performance or actual performance achieved, if greater, as of the effective date of the Change in Control with any restrictions on such Restricted Stock or Restricted Stock Units lapsing at the end of
the measuring period over which performance for the replaced Performance Shares was to be measured prior to the granting of the replacement Award; provided however, that, in the event of the Participant’s involuntary Separation from Service by
the Corporation without Cause or Separation from Service by the Participant for Good Reason during the vesting period of an Award, such Award shall immediately vest and be paid within seven days of such Separation from Service; and provided further
that upon the vesting date of each Award, in addition to the fully vested Award, the Participant shall be entitled to receive a lump sum cash payment (paid at the same time as the Award) equal to the decrease, if any, in the value of a Share of the
Corporation’s stock from the effective date of the Change in Control (as increased on a calendar quarterly basis using an annual interest rate, as of the last business day of the calendar quarter, for zero-coupon U.S. government securities with
a constant maturity closest in length to the time period between the effective date of the Change in Control and the date of the vesting of the award) to the time of vesting, multiplied by the total number of Shares or Share Equivalents subject
to the Options, Restricted Stock, or Restricted Stock Units. 
 2.    If (i) The
Participant is a Specified Employee at the time of his Separation from Service, and (ii) some or any portion of the amounts payable to the Participant, if any, when considered together with any other payments or benefits which may be considered
deferred compensation under section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) and subject to the plan aggregation rules under Treasury Regulation section 1.409A-1(c)(3)(viii) (together, the “Deferred
Compensation Benefits”) would result in the imposition of additional tax under Section 409A if paid to the Participant on or within the six (6) month period following the Separation from Service, then to the extent such portion of the
Deferred Compensation Benefits resulting in the imposition of additional tax would otherwise have been payable on or within the first six (6) months following the Separation from Service, it will instead become payable on the first payroll date
that occurs in the seventh month following the Separation from Service (or such longer period as is required to avoid the imposition of additional tax under Section 409A). All subsequent Deferred Compensation Separation Benefits, if any, will
be payable in accordance with the payment schedule applicable to each payment or benefit. 
  

	VII.	 MISCELLANEOUS 

 1.    No Effect on Terms of Employment.    Participation in the Plan shall not create a right to further employment with the Participant’s employer (the
“Employer”) and shall not 

  
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interfere with the ability of the Employer to terminate, with or without cause, or change the terms of employment of a Participant at any time. 

2.    Grants to Participants in Foreign Countries.    In making grants to
Participants in foreign countries, the Administrator has the full discretion to deviate from this Statement of Terms and Conditions in order to adjust grants under the Plan to prevailing local conditions, including custom and legal and tax
requirements. Furthermore, the Corporation reserves the right to impose other requirements on the Participant’s participation in the Plan on the Award and on any Shares acquired under the Plan, to the extent the Corporation determines it is
necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require the Participant to sign any additional agreements or undertaking that may be necessary to accomplish the foregoing. 

3.    Information Notification.    Any information required to be given
under the terms of an Award shall be addressed to the Corporation in care of its Corporate Secretary at McKesson Corporation, One Post Street, 35th Floor, San Francisco, California 94104, and any notice to be given to a Participant shall be addressed to him at the
address indicated beneath his or her name on the Award Agreement or such other address as either party may designate in writing to the other. Any such notice shall be deemed to have been duly given when enclosed in a properly sealed envelope or
wrapper addressed as aforesaid, registered or certified and deposited (postage or registration or certification fee prepaid) in a post office or branch post office. 

4.    Administrator Decisions Conclusive.    All decisions of the
Administrator administering the Plan upon any questions arising under the Plan or under an Award Agreement, shall be conclusive. 
 5.    No Effect on Other Benefit Plans.    Nothing herein contained shall affect a Participant’s right to participate in and receive benefits from and
in accordance with the then current provisions of any pensions, insurance or other employment welfare plan or program offered by the Corporation. 
 6.    Withholding.    Regardless of any action the Corporation or the Employer takes with respect to any federal, state or local income tax, social
insurance, payroll tax, payment on account or other tax-related items related to the Participant’s participation in the Plan and legally applicable to the Participant (“Tax-Related Items”), the Participant acknowledges that the
ultimate liability for all Tax-Related Items is and remains his or her responsibility and may exceed the amount actually withheld by the Corporation or the Employer. The Participant further acknowledges that the Corporation and/or the Employer
(1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, including the grant, vesting or exercise of the Award, as applicable, the subsequent sale of Shares
acquired pursuant to the Plan and the receipt of any dividends and/or dividend equivalents; and (2) do not commit and are under no obligation to structure the terms of the grant or any aspect of the Award to reduce or eliminate the
Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Participant has become subject to tax in more than one jurisdiction between the Grant Date and the date of any relevant taxable event, the
Participant acknowledges that the Corporation and/or the Employer (or former employer, as 

  
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applicable) may be required to withhold or account for Tax-Related Items in more than one jurisdiction. 
 Prior to any relevant taxable or tax withholding event, as applicable, the Participant will pay or make adequate arrangements satisfactory to the Corporation and/or the Employer, or their respective
agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following: (1) withholding from the Participant’s wages or other cash compensation paid to him or her by the
Corporation and/or the Employer; (2) withholding from proceeds of the sale of Shares acquired under the Plan either through a voluntary sale or through a mandatory sale arranged by the Corporation (on the Participant’s behalf pursuant to
this authorization and any other authorization the Corporation and/or the broker designated by the Corporation may require the Participant to sign in connection with the sale of Shares); or (3) withholding Shares to be issued upon grant,
vesting/settlement or exercise, as applicable. Calculation of the number of Shares to be withheld shall be made based on the closing price of the Common Stock on the New York Stock Exchange on the date that the amount of tax to be withheld is
determined. In no event, however, shall the Corporation be required to issue fractional Shares. With respect to an Award other than an Option, if adequate arrangements to satisfy the obligations with regard to all Tax-Related Items are not made by
the Participant with the Corporation and/or the Employer prior to the relevant taxable event, the Corporation will satisfy such obligations as provided above in (3) of this paragraph. 

To avoid negative accounting treatment, the Corporation may withhold or account for Tax-Related Items by considering
applicable minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the Participant will be deemed to have been issued the full
number of Shares subject to the Award, notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax-Related Items due as a result of any aspect of the Participant’s participation in the Plan. 

Finally, the Participant shall pay to the Corporation or the Employer any amount of Tax-Related Items that the
Corporation or the Employer may be required to withhold or account for as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Corporation may refuse to issue or deliver the
Shares or the proceeds of the sale of Shares if the Participant fails to comply with his or her obligations in connection with the Tax-Related Items. 
 The Administrator shall be authorized to establish such rules, forms and procedures as it deems necessary to implement the foregoing. 

7.    Successors.    The Award Agreements shall be binding upon and inure
to the benefit of any successor or successors of the Corporation. “Participant” as used herein shall include the Participant’s Beneficiary. 
 8.    Delaware Law.    The interpretation, performance, and enforcement of all Award Agreements shall be governed by the laws of the State of Delaware.

  
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 9.    Nature of
Grant.    In accepting the grant, the Participant acknowledges that: 

(A)    the Plan is established voluntarily by the Corporation, it is discretionary in nature and it
may be modified, amended, suspended or terminated by the Corporation at any time; 

(B)    the grant of the Award is voluntary and occasional and does not create any contractual or
other right to receive future Award grants, or benefits in lieu of Awards, even if Awards have been granted repeatedly in the past; 
 (C)    all decisions with respect to future Awards, if any, will be at the sole discretion of the Corporation; 

(D)    the Participant is voluntarily participating in the Plan; 

(E)    the Award is not part of normal or expected compensation for any purpose, including, but not
limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; 

(F)    the Award will not be interpreted to form an employment contract or relationship with the
Corporation; and furthermore, the Award will not be interpreted to form an employment contract with any subsidiary or Affiliate of the Corporation; 
 (G)    the future value of the underlying Shares is unknown, indeterminable and cannot be predicted with certainty; 

(H)    if the underlying Shares do not increase in value, the Options will have no value;

 (I)    in consideration of the grant of the Award, no claim or entitlement to
compensation or damages shall arise from forfeiture of the Award which results from termination of the Participant’s employment with the Employer or the Corporation or one of its Affiliates (for any reason whatsoever) and the Participant
irrevocably releases the Corporation or its Affiliates from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, then, by accepting the Award, the Participant
shall be deemed irrevocably to have waived his or her entitlement to pursue such claim; 

(J)    for purposes of an Award, the Participant’s employment relationship will be considered
terminated as of the date the Participant is no longer a bona fide employee of the Corporation or one of its Affiliates (regardless of the reason for such termination and whether or not later found to be invalid or in breach of the employment laws
in the jurisdiction where the Participant is employed or the terms of the Participant’s employment agreement, if any), and unless otherwise expressly provided in this Award Agreement or determined by the Corporation in its sole discretion, the
Participant’s right to receive Awards and vest in Awards under the Plan, if any, will terminate effective as of such date and will not be extended by any notice period mandated under local law; similarly, any right to exercise Options under the
Plan after 

  
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termination of employment will be measured as of the date the Participant is no longer a bona fide employee of the Corporation or one of its Affiliates and will not be extended by any notice
period mandated under local law; the Administrator shall have the sole discretion to determine when the Participant is no longer a bona fide employee; 
 (K)    the Corporation is not providing any tax, legal or financial advice, nor is the Corporation making any recommendations regarding participation in the Plan or the
Participant’s acquisition or sale of Shares; and 
 (L)    Participant is hereby
advised to consult with his or her own personal tax, legal and financial advisors regarding Participant’s participation in the Plan before taking any action related to the Plan. 

10.    Data Privacy.    By accepting the Award, the Participant hereby
explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data as described in this document by and among, as applicable, the Employer and the Corporation and its Affiliates for
the exclusive purpose of implementing, administering and managing participation in the Plan. 
 The Participant
understands that the Corporation and the Employer hold certain personal information about the Participant, including, but not limited, his or her name, home address and telephone number, date of birth, social insurance or other identification
number, salary, nationality, job title, any Shares or directorships held in the Corporation, details of all Options, Restricted Stock, Restricted Stock Units, Performance Shares, Other Share-Based Awards, or any other entitlement to Shares awarded,
canceled, exercised, vested, unvested or outstanding in the Participant’s favor, for the purpose of implementing, administering and managing the Plan (“Data”). The Participant understands that Data may be transferred to any third
parties assisting in the implementation, administration and management of the Plan, that recipients of Data may be located in the United States or elsewhere, and that the recipient’s country may have different data privacy laws and protections
than the Participant’s country. The Participant understands that if the Participant resides outside of the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by contacting the local
human resources representative. The Participant authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing participation in the Plan,
including any requisite transfer of such Data as may be required to a broker or other third party with whom the Participant may elect to deposit any Shares acquired under the Plan. The Participant understands that Data will be held only as long as
is necessary to implement, administer and manage his or her participation in the Plan. The Participant understands that if the Participant resides outside of the United States, he or she may, at any time, view Data, request additional information
about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, without cost, by contacting in writing the local human resources representative. Further, the Participant understands that
he or she is providing the consents herein on a purely voluntary basis. If the Participant does not consent, or if he or she later seeks to revoke his or her consent, the Participant’s employment status or service and career with the Employer
will not be adversely affected; the only adverse consequence of refusing or withdrawing his or her consent is that the Corporation would not be able to grant him or her 

  
 17 

 ECOT 

 
 
Awards or administer or maintain such Awards. Therefore, the Participant understands that refusing or withdrawing consent may affect his or her ability to participate in the Plan. For more
information on the consequences of refusal to consent or withdrawal of consent, the Participant understands that he or she may contact the local human resources representative. 

11.    Severability.    The provisions in this Statement of Terms and
Conditions are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

12.    Language.    If the Participant has received this Statement of
Terms and Conditions or any other document related to the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

13.    Electronic Delivery.    The Corporation may, in its sole
discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an
on-line or electronic system established and maintained by the Corporation or a third party designated by the Corporation. 
  

	VIII.	 DEFINITIONS 

 When capitalized in this Statement of Terms and Conditions, the following terms shall have the meaning set forth below: 

1.    “Award Agreement” means an agreement between the Participant and the
Corporation evidencing the grant of an Option, Restricted Stock Award, Restricted Stock Award, Performance Shares or Other Share-Based Award, as applicable. 
 2.    “Cause” means termination of the Participant’s employment with the Corporation or an Affiliate upon the Participant’s negligent or willful engagement
in misconduct which, in the sole determination of the Chief Executive Officer of the Corporation (or his designee), is injurious to the Corporation, its employees, or its customers. 

3.    “DCAP III” means the Corporation’s Deferred Compensation Administration
Plan III, or its successor plan. 
 4.    “Early Retirement” means a
termination of employment which occurs prior to Normal Retirement but on or after the date on which the Participant’s age (expressed in terms of years and completed months) plus service with the Corporation or an Affiliate equals 65.

 5.    “Family Member” means any person identified as an “immediate
family” member in Rule 16(a)-1(e) of the Exchange Act, as such Rule may be amended from time to time. Notwithstanding the foregoing, the Administrator may designate any other person(s) or entity(ies) as a “family
member.” 

  
 18 

 ECOT 

 
 6.    “Good
Reason” means any of the following actions, if taken without the express written consent of the Participant: 
 (A)    Any material change by the Corporation in the Participant’s functions, duties, or responsibilities, which change would cause the Participant’s position with the
Corporation to become of less dignity, responsibility, importance, or scope from the position and attributes that applied to the Participant immediately prior to the Change in Control; 

(B)    Any significant reduction in the Participant’s base salary immediately prior to the
Change in Control, other than a reduction effected as part of an across-the-board reduction affecting all Plan participants; 
 (C)    Any material failure by the Corporation to comply with any of the provisions of an award (or of any employment agreement between the parties) subsequent to a Change in
Control; or 
 (D)    The Corporation’s requiring the Participant to be based at any
office or location more than 25 miles from the office at which the Participant is based on the date immediately preceding the Change in Control; 
 Provided that the Participant gives notice to the Company of the existence of the Good Reason condition within 30 days of the initial existence of the Good Reason condition and the Company is provided 30
days after receipt of the Participant’s notice to remedy the Good Reason condition; provided further that the Participant’s Separation from Service must occur within six months from the initial existence of the Good Reason condition if the
Company does not remedy such condition for such separation to be considered to be for Good Reason. 

7.    “Grant Date” means the date the Administrator grants the Award. 

8.    “Grant Notice” means the notice of an Award granted to the Participant, which
sets forth certain terms of such Award. 
 9.    “Long-Term Disability”
means a physical or mental condition which the Social Security Administration has determined renders the Participant eligible to receive Social Security benefits on account of disability or if the Participant is employed outside of the U.S., as
determined in accordance with local standards by the Committee in its discretion. 

10.    “Normal Retirement” means retirement at age 65 (62, in the case of a
participant in the McKesson Corporation 1984 Executive Benefit Retirement Plan) with at least ten years of Service with the Corporation or an Affiliate. 
 11.    “Option Period” means the period commencing on the Grant Date of an Option and, except at otherwise provided in Section II.5, ending on the Termination
Date. 
 12.    “Separation from Service” means “Separation from
Service” as defined in DCAP III. 

  
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 ECOT 

 

13.    “Service” means “Service” as defined in the Corporation’s
Profit-Sharing Investment Plan. 
 14.    “Short-Term Disability” means
short-term disability as defined in the Corporation’s short-term disability plan. 

15.    “Specified Employee” means “Specified Employee” as defined in DCAP
III. 
 16.    “Stock Ownership Policy” means the Corporation’s Stock
Ownership Policy, as amended from time to time, which can be found at McKNet under My Work, Corporate Secretary’s Department, Stock Plan Administration. A Participant or a Participant’s beneficiary may also request a copy of the Stock
Ownership Policy by writing to the Corporate Secretary at McKesson Corporation, One Post Street, San Francisco, CA 94104. 
 17.    “Termination Date” means the date that an Option expires as set forth in the Option Grant Notice as the “Expiration Date.” 

  
 20 

 EMPLOYEES 
 McKESSON CORPORATION 
 STATEMENT OF TERMS AND CONDITIONS APPLICABLE TO

 OPTIONS, RESTRICTED STOCK, RESTRICTED STOCK UNITS AND 

PERFORMANCE SHARES GRANTED EMPLOYEES PURSUANT TO THE 2005 STOCK PLAN 

(Effective as of May 22, 2012) 
  

	I.	 INTRODUCTION 

 The following terms and conditions shall apply to an Award granted under the Plan. This Statement of Terms and Conditions is intended to meet the requirements of Code Section 409A and any rules
promulgated thereunder and is subject to the terms and conditions of the Plan. In the event of any inconsistency between this Statement of Terms and Conditions and the Plan, the Plan shall govern. Capitalized terms not otherwise defined in this
Statement of Terms and Conditions shall have the meaning set forth in the Plan. 
  

	II.	 OPTIONS 

 1.    Option Agreement.    An Option granted under the Plan shall be evidenced by an Option Agreement setting forth the terms and conditions of the Option,
including whether the Option is an Incentive Stock Option or a Nonstatutory Stock Option and the number Shares subject to the Option. Each Stock Option Grant Notice shall incorporate by reference and be subject to this Statement of Terms and
Conditions, including the special terms and conditions in the Appendix for the Participant’s country (if any) which forms part of this Statement of Terms and Conditions, and together both documents shall constitute the Option Agreement. The
Option is also subject to the terms and conditions of the Plan. 
 2.    Exercise
Price.    The Exercise Price of an Option, as specified in the Option Agreement, shall be equal to or greater than the Fair Market Value of the Shares underlying the Option on the Grant Date. 

3.    Option Period.    An Option shall be exercisable only during the
applicable Option Period, and during such Option Period the exercisability of the Option shall be subject to the vesting provisions of Section II.4 as modified by the rules set forth in Sections II.5 and V. The Option Period shall be not
more than seven years from the Grant Date. 
 4.    Vesting of Right to Exercise
Options. 
 (A)    Except as provided in Sections II.5 and V, an Option shall be
exercisable during the Option Period in accordance with the following vesting schedule: (i) 25% of the Shares subject to the Option shall vest on the first anniversary of the Grant Date; (ii) an additional 25% of the Shares shall vest
on the second anniversary of the Grant Date; (iii) an additional 25% of the Shares shall vest on the third anniversary of the Grant Date; and (iv) the remaining 25% of the Shares subject to the Option shall vest on the fourth anniversary
of the 

  

					
	 2005 Stock Plan Form STCs (Employee)
	 	1	  	

 Employees 

 
 
Grant Date. Notwithstanding the foregoing, the Administrator may specify a different vesting schedule at the time the Option is granted, which will be specified in the Option Grant Notice.

 (B)    Any vested portion of an Option not exercised hereunder shall accumulate and be
exercisable at any time on or before the Termination Date, subject to the rules set forth in Sections II.5 and V. No Option may be exercised for less than 5% of the total number of Shares then available for exercise under such Option. In no
event shall the Corporation be required to issue fractional Shares. 
 5.    Limits on
Option Period and Acceleration of Vesting.    The Option Period may end before the Termination Date, and in the circumstances described in Sections II.5(B), (D), (E) and (F), the vesting schedule of an Option may be
accelerated, (subject to the provisions of Section V), as follows: 
 (A)    If a
Participant ceases to be a bona fide employee of the Corporation or of its Affiliates during the Option Period for reasons other than for Cause, Long-Term Disability, Normal Retirement, Early Retirement or death, the Option Period shall end ninety
days after the date of the Participant’s termination of employment or on the Termination Date, whichever occurs first, and in all cases the Option shall be exercisable only to the extent that it was exercisable under the provisions of the
foregoing Section II.4 at the time of such termination of employment. If a Participant is absent from work with the Corporation or an Affiliate because of his or her Short-Term Disability or because the Participant is on an approved leave of
absence, the Participant shall not be deemed during the period of any such absence, by virtue of such absence alone, to have terminated employment with the Corporation or an Affiliate except as the Administrator may otherwise expressly determine.

 (B)    If a Participant ceases to be a bona fide employee of the Corporation or of its
Affiliates (for reasons other than for Cause, Long-Term Disability, Normal Retirement, Early Retirement or death) during the Option Period, the Administrator may, in its sole and absolute discretion (and subject to conditions deemed appropriate
in the circumstances) approve the continuation of the vesting schedule of the Participant’s Option. The Option Period for any Option that continues to vest pursuant to this subsection (B) shall end ninety days after the last
Option installment vests, or on the Termination Date, whichever occurs first. 
 (C)    If
the Participant’s employment is terminated for Cause during the Option Period, the Option Period shall end on the date of such termination of employment and the Option shall thereupon not be exercisable to any extent whatsoever. 

(D)    If a Participant ceases to be a bona fide employee of the Corporation or of its Affiliates
due to his or her Long-Term Disability during the Option Period, the vesting schedule of the Participant’s Option shall be accelerated, the Option shall become fully exercisable and the Option Period shall end three years after the date of the
Participant’s termination of employment or on the Termination Date, whichever occurs first. 

(E)    If the Participant’s employment is terminated: 

(i)    By reason of Normal Retirement or Early Retirement, the Option shall be exercisable only to
the extent that it was exercisable under the provisions of the 

  
 2 

 Employees 

 
 
foregoing Section II.4 at the time of such retirement; provided, however, that the Administrator may, in its sole discretion (and subject to conditions deemed appropriate in the
circumstances), either (A) accelerate the vesting schedule of the Participant’s Option effective as of the date of the Participant’s Normal Retirement or Early Retirement or (B) approve the continuation of the vesting schedule of
the Participant’s Option. 
 (ii)    With respect to an Option held by a Participant
at Normal Retirement or Early Retirement, the Option Period for that portion of the Option designated as a Nonstatutory Stock Option shall end three years after the date of such retirement or on the Termination Date, whichever occurs first;
provided, however, that in the case of an Option held by a Participant at Normal Retirement or Early Retirement as to which the Administrator exercises its discretionary authority to approve the continuation of the vesting schedule, the Option
Period shall end on the earlier of the Termination Date or three years after the last Option installment vests. 
 (F)    If a Participant should die while in the employ of the Corporation or an Affiliate and during the Option Period, the vesting schedule of the Participant’s Option shall be
accelerated and the Option shall become fully exercisable, the Option Period shall end three years after the date of death or on the Termination Date, whichever occurs first, and the Participant’s Beneficiary may exercise the entire unexercised
portion of the then exercisable Shares covered by such Option (or any lesser amount) remaining on the date of death. 
 (G)    If a Participant who ceases to be a bona fide employee of the Corporation or an Affiliate is subsequently rehired prior to the expiration of his or her Option, then the Option
shall continue to remain outstanding until such time as the Participant subsequently terminates employment. Upon the Participant’s subsequent termination of employment, the post-termination exercise period calculated pursuant to the terms and
conditions of this Section II.5 shall be reduced by the number of days between the date of the Participant’s initial termination of employment and his or her re-hire date; provided, however, that if the rehired Participant continues to be
employed by the Corporation or an Affiliate for at least one year from his or her rehire date, then the post termination exercise period for the Option shall be determined in accordance with Sections II.5(A) through (F) and shall not
be adjusted as described in this Section II.5(G). 
 6.    Method of
Exercise.    A Participant may exercise an Option with respect to all or any part of the exercisable Shares as follows: 
 (A)    By giving the Corporation, or its authorized representative designated for this purpose, written notice of such exercise specifying the number of Shares as to which the Option
is so exercised. Such notice shall be accompanied by an amount equal to the Exercise Price multiplied by the number of Shares exercised, in the form of any one or combination of the following: cash or a certified check, bank draft, postal or
express money order payable to the order of the Corporation in lawful money of the United States. Unless otherwise determined by the Administrator in his or her sole discretion, the Participant may pay the Exercise Price, in whole or in part, by
tendering to the Corporation or its authorized representative Shares, which have been owned by the Participant for at least six months prior to said tender, and having a fair market value, as determined by the Corporation, equal to the Exercise
Price, or in lieu of the 

  
 3 

 Employees 

 
 
delivery of actual Shares in such tender, the Corporation may accept an attestation by the Participant, in a form prescribed by the Corporation or its authorized representative, that the
Participant owns sufficient Shares of record or in an account in street name to satisfy the Exercise Price, and such attestation will be deemed a tender of Shares for purposes of this method of exercise. The Corporation or its authorized
representative may accept payment of the amount due upon the exercise of the Option in the form of a Participant’s personal check. Payment may also be made by delivery (including by FAX transmission) to the Corporation or its authorized
representative of an executed irrevocable Option exercise form together with irrevocable instructions to an approved registered investment broker to sell Shares in an amount sufficient to pay the Exercise Price plus any applicable Tax-Related Items
(as defined in Section VII.6) and to transfer the proceeds of such sale to the Corporation. 

(B)    If required by the Corporation, by giving satisfactory assurance in writing, signed by the
Participant, the Participant shall give his or her assurance that the Shares subject to the Option are being purchased for investment and not with a view to the distribution thereof; provided that such assurance shall be deemed inapplicable to
(1) any sale of the Shares by such Participant made in accordance with the terms of a registration statement covering such sale, which has heretofore been (or may hereafter be) filed and become effective under the U.S. Securities Act of
1933, as amended (the “Securities Act”) and with respect to which no stop order suspending the effectiveness thereof has been issued, and (2) any other sale of the Shares with respect to which, in the opinion of counsel for the
Corporation, such assurance is not required to be given in order to comply with the provisions of the Securities Act. 
 (C)    As soon as practicable after receipt of the notice and the assurance described in Sections II.6(A) and (B), the Corporation shall, without transfer or issue tax
(except for withholding tax arrangements contemplated in Section VII.6) and without other incidental expense to the Participant, credit the purchased Shares to the Participant’s brokerage account of record. If the Participant does not
have a brokerage account of record, then the Corporation shall cause an appropriate book entry to be entered in the records of the Corporation’s transfer agent recording the Participant’s unrestricted interest in the purchased Shares;
provided, however, that the time of such delivery may be postponed by the Corporation for such period as may be required for it with reasonable diligence to comply with applicable registration requirements under the Securities Act, the Exchange Act,
any applicable listing requirements of any national securities exchange and requirements under any other law or regulation applicable to the issuance or transfer of the Shares. 

7.    Limitations on Transfer.    An Option shall, during a
Participant’s lifetime, be exercisable only by the Participant. No Option or any right granted thereunder shall be transferable by the Participant by operation of law or otherwise, other than by will or the laws of descent and distribution.
Notwithstanding the foregoing, (i) a Participant may designate a beneficiary to succeed, after the Participant’s death, to all of the Participant’s Options outstanding on the date of death; (ii) a Nonstatutory Stock Option may be
transferable pursuant to a qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act; and (iii) any Participant, who is a senior executive officer recommended by the Chief Executive
Officer of the Corporation and approved by the Administrator may voluntarily transfer any Nonstatutory Stock Option to a Family Member as a gift or through a transfer to an entity in which more than 50% of the voting interests are owned

  
 4 

 Employees 

 
 
by Family Members (or the Participant) in exchange for an interest in that entity. In the event of any attempt by a Participant to alienate, assign, pledge, hypothecate, or otherwise dispose
of an Option or of any right thereunder, except as provided herein, or in the event of the levy of any attachment, execution, or similar process upon the rights or interest hereby conferred, the Corporation at its election may terminate the affected
Option by notice to the Participant and the Option shall thereupon become null and void. 

8.    No Stockholder Rights.    Neither a Participant nor any person
entitled to exercise a Participant’s rights in the event of the Participant’s death shall have any of the rights of a stockholder with respect to the Shares subject to an Option except to the extent that a book entry has been entered in
the records of the Corporation’s transfer agent with respect to such Shares upon the exercise of an Option. 
  

	III.	 RESTRICTED STOCK 

 1.    Restricted Stock Agreement.    A Restricted Stock Award granted under the Plan shall be evidenced by a Restricted Stock Agreement to be executed by the
Participant and the Corporation setting forth the terms and conditions of the Restricted Stock Award. Each Restricted Stock Grant Notice shall incorporate by reference and be subject to this Statement of Terms and Conditions, including the special
terms and conditions in the Appendix for the Participant’s country (if any) which forms part of this Statement of Terms and Conditions, and together both documents shall constitute the Restricted Stock Agreement. The Restricted Stock Award is
also subject to the terms and conditions of the Plan. 
 2.    Rights with Respect to
Shares of Restricted Stock.    Upon written acceptance of a grant of Restricted Stock Award by a Participant, including the restrictions and other terms and conditions described in the Plan and the Restricted Stock Agreement,
the Corporation shall cause an appropriate book entry to be entered in the records of the Corporation’s transfer agent recording the Participant’s interest in the Restricted Stock. From and after the Grant Date, the Participant shall have
the rights of Common Stock ownership, including the right to vote and to receive dividends on Shares of Restricted Stock, subject to the terms, conditions and restrictions described in the Plan and the Restricted Stock Agreement. 

3.    Special Restrictions.    Each Restricted Stock Award made under the
Plan shall contain the following terms, conditions and restrictions and such additional terms, conditions and restrictions as may be determined by the Administrator; provided, however, that no Restricted Stock grant shall be subject to additional
terms, conditions and restrictions which are more favorable to a Participant than the terms, conditions and restrictions set forth elsewhere in the Plan or the Restricted Stock Agreement. 

(A)    Restrictions.    Until the restrictions imposed on any Restricted
Stock grant shall lapse (the “Restriction Period”), Shares of Restricted Stock granted to a Participant: (i) shall not be sold, assigned, transferred, pledged, hypothecated, or otherwise disposed of, other than pursuant to a
qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act and (ii) shall, if the Participant’s continuous employment with the Corporation or any of its Affiliates shall
terminate for any reason (except as otherwise provided in the Plan or in Section III.3(B)) be returned to the 

  
 5 

 Employees 

 
 
Corporation forthwith, and all the rights of the Participant to such Shares shall immediately terminate. If a Participant is absent from work with the Corporation or an Affiliate because of his
or her Short-Term Disability or because the Participant is on an approved leave of absence, the Participant shall not be deemed during the period of any such absence, by virtue of such absence alone, to have terminated employment with the
Corporation or an Affiliate except as the Administrator may otherwise expressly determine. 

(B)    Termination of Employment by Reason of Death, Long-Term Disability or Normal
Retirement. Notwithstanding any provision contained herein or in the Plan or the Restricted Stock Agreement to the contrary, if a Participant who has been in the continuous employment of the Corporation or any of its Affiliates since the Grant
Date of a Restricted Stock Award ceases to be a bona fide employee of the Corporation or an Affiliate as a result of: 
 (i)    Death or Long-Term Disability, then the restrictions imposed on any Restricted Stock Award shall lapse as to all Shares granted to such Participant pursuant to such Restricted
Stock Award on the date of such termination; or 
 (ii)    Normal
Retirement, then, unless otherwise determined by the Administrator, with respect to any time-based Restricted Stock Award then held by such Participant as to which restrictions have not lapsed, the restrictions applicable to such Restricted Stock
Award shall lapse on the effective date of such Normal Retirement as to that whole number of Shares, rounded down to the nearest whole Share, equal to (a) the total number of Shares subject to such Restricted Stock Award, multiplied by
(b) a fraction, the numerator of which is the number of whole calendar months, rounded down to the nearest whole month, during which the Participant provided Service to the Corporation during the entire vesting period applicable to such Award,
and the denominator of which is the number of calendar months in such entire vesting period, minus (c) the number of Shares originally subject to such Restricted Stock Award with respect to which restrictions shall have lapsed as of the
effective date of such Normal Retirement; provided, that for purposes of clause (b) above, “whole calendar months” shall be calculated commencing on the applicable Grant Date; and provided further, that notwithstanding any other
provision of the Plan or this Statement of Terms and Conditions, this Section III.3(B)(ii) shall not apply to any Restricted Stock Award the vesting of which is based, in whole or in part, on attainment of performance objectives. 

4.    Dividends. Cash dividends paid with respect to the Restricted Stock during the
Restriction Period shall be paid directly to the Participant during the Restriction Period. Stock dividends paid with respect to Restricted Stock during the Restriction Period shall be treated as Restricted Stock which shall be subject to the same
restrictions as the original award for the duration of the Restricted Period. 

5.    Election to Recognize Gross Income in the Year of Grant. If any Participant validly
elects within thirty days of the Grant Date, to include in gross income for federal income tax purposes an amount equal to the fair market value of the Shares of Restricted Stock granted on the Grant Date, such Participant shall (at the same time or
prior to the date that the Participant files his or her election with the Internal Revenue Service): (A) pay to the Corporation, or make arrangements satisfactory to the Administrator to pay to the Corporation in the year of such

  
 6 

 Employees 

 
 
grant, any federal, state or local taxes required to be withheld with respect to such Shares in accordance with Section VII.6, and (B) provide the Administrator with a copy of the
election filed with the Internal Revenue Service. 
 6.    Restrictive
Legend.    Each book entry in the records of the Corporation’s transfer agent evidencing Shares granted pursuant to a Restricted Stock grant may bear an appropriate legend referring to the terms, conditions and
restrictions described in the Plan and/or the Restricted Stock Agreement. 

7.    Expiration of Restricted Period.    If and when the Restriction
Period applicable to the Restricted Stock expires without a prior forfeiture, Shares shall be credited to the Participant’s brokerage account of record. If the Participant does not have a brokerage account of record, then an appropriate book
entry recording the Participant’s interest in the unrestricted Shares shall be entered on the records of the Corporation’s transfer agent. 
  

	IV.	 RESTRICTED STOCK UNITS AND PERFORMANCE SHARES 

1.    Award Agreement. 

(A)    Restricted Stock Units granted under the Plan shall be evidenced by a Restricted Stock Unit
Agreement to be executed by the Participant and the Corporation setting forth the terms and conditions of the Restricted Stock Units. Each Restricted Stock Unit Grant Notice shall incorporate by reference and be subject to this Statement of Terms
and Conditions, including the special terms and conditions in the Appendix for the Participant’s country (if any) which forms part of this Statement of Terms and Conditions, and together both documents shall constitute the Restricted Stock Unit
Agreement. The Restricted Stock Units are also subject to the terms and conditions of the Plan. 

(B)    Performance Shares granted under the Plan shall be evidenced by a Performance Share Agreement
to be executed by the Participant and the Corporation setting forth the terms and conditions of the Performance Shares. Each Performance Share Grant Notice shall incorporate by reference and be subject to this Statement of Terms and Conditions,
including the special terms and conditions in the Appendix for the Participant’s country (if any) which forms part of this Statement of Terms and Conditions, and together both documents shall constitute the Performance Share Agreement.
Performance Shares are also subject to the terms and conditions of the Plan. 

2.    Special Restrictions.    Restricted Stock Units and Performance
Shares granted under the Plan shall contain the following terms, conditions and restrictions and such additional terms, conditions and restrictions as may be determined by the Administrator; provided, however, that no such Award shall be subject to
additional terms, conditions and restrictions which are more favorable to a Participant than the terms, conditions and restrictions set forth elsewhere in the Plan, the Restricted Stock Unit Agreement or Performance Share Agreement. 

(A)    Restrictions. If a Participant ceases to be a bona fide employee of the Corporation or
any Affiliate (except as otherwise provided in the Plan or in Section IV.2(B)) prior to the lapse of the restrictions imposed on the Award, the unvested Restricted Stock Units or Performance Shares shall be returned to the Corporation, and all
the rights of the 

  
 7 

 Employees 

 
 
Participant to such Share Equivalents shall immediately terminate. If a Participant is absent from work with the Corporation or an Affiliate because of his or her Short-Term Disability or because
the Participant is on an approved leave of absence, the Participant shall not be deemed during the period of any such absence, by virtue of such absence alone, to have terminated employment with the Corporation or an Affiliate except as the
Administrator may otherwise expressly determine. 
 (B)    Termination of Employment by
Reason of Death, Long-Term Disability or Normal Retirement. Notwithstanding any provision contained herein or in the Plan, the Restricted Stock Unit Agreement or Performance Share Agreement to the contrary, if a Participant who has been in the
continuous employment of the Corporation or any of its Affiliates since the Grant Date of such Award ceases to be a bona fide employee of the Corporation or an Affiliate as a result of: 

(i)    Death or Long-Term Disability, then the restrictions imposed on any
Restricted Stock Units or Performance Shares shall lapse as to all Share Equivalents granted to such Participant pursuant to such Award on the date of such termination; or 

(ii)    Normal Retirement, then, unless otherwise determined by the Administrator,
with respect to any time-based Restricted Stock Units then held by such Participant as to which restrictions have not lapsed, the restrictions applicable to such Restricted Stock Units shall lapse on the effective date of such Normal Retirement as
to that whole number of Share Equivalents, rounded down to the nearest whole Share Equivalent, equal to (a) the total number of Restricted Stock Units subject to such Award, multiplied by (b) a fraction, the numerator of which is
the number of whole calendar months, rounded down to the nearest whole month, during which the Participant provided Service to the Corporation during the entire vesting period applicable to such Award, and the denominator of which is the number of
calendar months in such entire vesting period, minus (c) the number of Restricted Stock Units originally subject to such Award with respect to which restrictions shall have lapsed as of the effective date of such Normal Retirement;
provided, that for purposes of clause (b) above, “whole calendar months” shall be calculated commencing on the applicable Grant Date; and provided further, that notwithstanding any other provision of the Plan or this Statement of
Terms and Conditions, this Section IV.2(B)(ii) shall not apply to any Performance Shares or to any Restricted Stock Units the vesting of which is based, in whole or in part, on attainment of performance objectives. 

3.    Dividend Equivalents. Subject to discretion of the Compensation Committee, dividend
equivalents shall be credited in respect of Restricted Stock Units and Performance Shares. Cash dividends shall be credited on behalf of the Participant to a deferred cash account (in a manner designed to comply with Code Section 409A) and the
restrictions on such cash dividends shall lapse at the same time that the restrictions lapse on the associated Share Equivalents underlying the Restricted Stock Units or Performance Shares (as applicable), and cash dividends, along with accrued
interest (if any) on such cash dividends, shall be paid in a lump sum at the same time that the Shares underlying the Restricted Stock Unit or Performance Share Award, and to which the cash dividends relate, are distributed. Stock dividends shall be
converted into additional Restricted Stock Units or Performance Shares, which will be subject to 

  
 8 

 Employees 

 
 
all of the terms and conditions of the underlying Restricted Stock Units or Performance Shares, including the same vesting restrictions as the underlying Award. 

4.    Assignability.    A Participant shall not be permitted to sell,
transfer, pledge, assign or encumber Restricted Stock Units or Performance Shares, other than pursuant to a qualified domestic relations order as defined in the Code or Title I of the U.S. Employee Retirement Income Security Act. 

5.    No Stockholder Rights.    Neither a Participant nor any person
entitled to exercise a Participant’s rights in the event of the Participant’s death shall have any of the rights of a stockholder with respect to the Share Equivalents subject to Restricted Stock Units or Performance Shares except to the
extent that a book entry has been entered in the records of the Corporation’s transfer agent with respect to such Shares upon the settlement of any vested Restricted Stock Units or Performance Shares. 

6.    Time of Payment of Restricted Stock Units and Performance Shares. Upon the lapse of the
restriction imposed on Restricted Stock Units or Performance Shares, all Restricted Stock Units and Performance Shares that were not forfeited pursuant to Section IV.2(A) or V shall be paid to the Participant as soon as reasonably
practicable after the restrictions lapse. Payment shall be made in Shares to the Participant’s brokerage account of record. If the Participant does not have a brokerage account of record, then in the form of an appropriate book entry entered in
the records of the Corporation’s transfer agent recording the Participant’s unrestricted interest in the number of Shares equal to the number of vested Share Equivalents subject to the Restricted Stock Units or Performance Shares.

 Notwithstanding the foregoing, if a Participant becomes eligible for Normal Retirement prior to the date of
the lapse of restriction imposed on the Restricted Stock Units is scheduled to occur, then such Restricted Stock Units shall be paid to the Participant in full at the earlier of the date in which the Participant has a Separation from Service,
subject to the delay of payment (if applicable) provided in Section VI.2, or the fixed date in which the lapse of restricted was originally scheduled to occur. The procedures set forth in Section VII.6 will be applied for any taxes due upon the
lapse of restriction imposed on the Restricted Stock Units due to a Participant’s Normal Retirement eligibility. 
  

	V.	 SPECIAL FORFEITURE AND REPAYMENT RULES 

Any other provision of this Statement of Terms and Conditions to the contrary notwithstanding, if the Administrator
determines that a Participant has engaged in any of the actions described in 3 below, the consequences set forth in 1 and 2 below shall result: 
 1.    Any outstanding Option shall immediately and automatically terminate, be forfeited and shall cease to be exercisable, without limitation. In addition, any Shares of Restricted
Stock, Restricted Stock Units or Performance Shares as to which the restrictions have not lapsed shall immediately and automatically be forfeited and such Shares or Share Equivalents shall be returned to the Corporation and all of the rights of the
Participant to such Shares or Share Equivalents shall immediately terminate. 

  
 9 

 Employees 

 
 2.    If the Participant
exercised an Option within twelve months prior to the date upon which the Corporation discovered that the Participant engaged in any actions described in 3 below, the Participant, upon written notice from the Corporation, shall immediately pay to
the Corporation the economic value realized or obtained by the exercise of such Option measured at the date of exercise. In addition, if the restrictions imposed on any grant of Restricted Stock, Restricted Stock Units or Performance Shares lapsed
within twelve months prior to the date the Corporation discovered that the Participant engaged in any action described in 3 below, the Participant, upon written notice from the Corporation, shall immediately pay to the Corporation the economic value
realized or obtained with respect to such Shares of Restricted Stock, the Restricted Stock Units, the Performance Shares and/or Dividend Equivalents, measured at the date such Shares, Share Equivalents or Dividend Equivalents vested. 

3.    The consequences described in 1 and 2 above shall apply if the Participant, either before or
after termination of employment with the Corporation or its Affiliates: 
 (A)    Discloses
to others, or takes or uses for his own purpose or the purpose of others, any trade secrets, confidential information, knowledge, data or know-how or any other proprietary information or intellectual property belonging to the Corporation or its
Affiliates and obtained by the Participant during the term of his employment, whether or not they are the Participant’s work product. Examples of such confidential information or trade secrets include, without limitation, customer lists,
supplier lists, pricing and cost data, computer programs, delivery routes, advertising plans, wage and salary data, financial information, research and development plans, processes, equipment, product information and all other types and categories
of information as to which the Participant knows or has reason to know that the Corporation or its Affiliates intends or expects secrecy to be maintained; 
 (B)    Fails to promptly return all documents and other tangible items belonging to the Corporation or its Affiliates in the Participant’s possession or control, including all
complete or partial copies, recordings, abstracts, notes or reproductions of any kind made from or about such documents or information contained therein, upon termination of employment, whether pursuant to retirement or otherwise; 

(C)    Fails to provide the Corporation with at least thirty (30) days’ written notice
prior to directly or indirectly engaging in, becoming employed by, or rendering services, advice or assistance to any business in competition with the Corporation or its Affiliates. As used herein, “business in competition” means any
person, organization or enterprise which is engaged in or is about to become engaged in any line of business engaged in by the Corporation or its Affiliates at the time of the termination of the Participant’s employment with the Corporation or
its Affiliates; 
 (D)    Fails to inform any new employer, before accepting employment, of
the terms of this paragraph and of the Participant’s continuing obligation to maintain the confidentiality of the trade secrets and other confidential information belonging to the Corporation or its Affiliates and obtained by the Participant
during the term of his employment with the Corporation or any of its Affiliates; 

  
 10 

 Employees 

 
 (E)    Induces or
attempts to induce, directly or indirectly, any of the customers of the Corporation or its Affiliates, employees, representatives or consultants to terminate, discontinue or cease working with or for the Corporation or its Affiliates, or to breach
any contract with the Corporation or any of its Affiliates, in order to work with or for, or enter into a contract with, the Participant or any third party; 
 (F)    Engages in conduct which is not in good faith and which disrupts, damages, impairs or interferes with the business, reputation or employees of the Corporation or its Affiliates;
or 
 (G)    Directly or indirectly engages in, becomes employed by, or renders services,
advice or assistance to any business in competition with the Corporation or its Affiliates, at any time during the twelve months following termination of employment with the Corporation. 

The Administrator shall determine in its sole discretion whether the Participant has engaged in any of the acts set forth
in (A) through (G) above, and its determination shall be conclusive and binding on all interested persons. 
 Any provision of this Section V which is determined by a court of competent jurisdiction to be invalid or unenforceable should be construed or limited in a manner that is valid and enforceable and
that comes closest to the business objectives intended by such invalid or unenforceable provision, without invalidating or rendering unenforceable the remaining provisions of this Section V. 

 

	VI.	 CHANGE IN CONTROL 

 1.    If as a result of a Change in Control, the Common Stock ceases to be listed for trading on a national securities exchange (an “Exchange”), any Option, Restricted Stock
Award, Restricted Stock Units, or Performance Shares that are unvested on the effective date of the Change in Control shall continue to vest according to the terms and conditions of such Award, provided that such Award is replaced with an award for
voting securities of the resulting corporation or the acquiring corporation, as the case may be, (including without limitation, the voting securities of any corporation which as a result of the Change in Control owns the Corporation or all or
substantially all of the Corporation’s assets either directly or through one or more subsidiaries) (the “Surviving Company”) which are traded on an Exchange (a “Replacement Award”), which Replacement Award,
(i) in the case of Options, shall consist of options with the number of underlying shares and exercise price determined in a manner consistent with Code Section 424(a) with vesting and any other terms continuing in the same manner as
the replaced Options; (ii) in the case of Performance Shares, shall consist of restricted stock or restricted stock units with a value (determined using the Surviving Company’s stock price as of the effective date of the Change in
Control) equal to the value of the Performance Shares (determined using the Corporation’s stock price and assuming attainment of target performance or actual performance achieved, if greater, as of the effective date of the Change in
Control), with any restrictions on such restricted stock or restricted stock units lapsing at the end of the measuring period over which performance for the replaced Performance Shares was to be measured prior to the granting of the Replacement
Award; and (iii) in the case of Restricted 

  
 11 

 Employees 

 
 
Stock or Restricted Stock Units, shall consist of restricted stock or restricted stock units with a value (determined using the Surviving Company’s stock price as of the effective date of
the Change in Control) equal to the value of the Restricted Stock or Restricted Stock Units (determined using the Corporation’s stock price as of the effective date of the Change in Control), with any restrictions on such restricted stock
or restricted stock units lapsing at the same time and manner as the replaced Award; provided, however, that in the event of the Participant’s involuntary Separation from Service by the Corporation without Cause or Separation from Service by
the Participant for Good Reason during the vesting period of any Replacement Award, the Replacement Award shall immediately vest and be paid within seven days of such Separation from Service; and provided further that upon the vesting date of each
Replacement Award, in addition to the fully vested Replacement Award, the Participant shall be entitled to receive a lump sum cash payment (paid at the same time as the Award) equal to the decrease, if any, in the value of a share of the Surviving
Company’s stock from the effective date of the Change in Control (as increased on a calendar quarterly basis using an annual interest rate, as of the last business day of the calendar quarter, for zero-coupon U.S. government securities with a
constant maturity closest in length to the time period between the effective date of the Change in Control and the date of the vesting of the Replacement Award) to the time of vesting, multiplied by the total number of shares or share
equivalents subject to the options, restricted stock, or restricted stock units in the Replacement Award. If Options, Restricted Stock Awards, Restricted Stock Units, or Performance Shares that are unvested at the effective time of the Change in
Control are not replaced with Replacement Awards, such Awards shall immediately vest and, in the case of Performance Shares, shall vest based upon deemed attainment of target performance or actual performance achieved, if greater. 

If as a result of a Change in Control, the Common Stock continues to be listed for trading on an Exchange, any unvested
Option, Restricted Stock Award, or Restricted Stock Units shall continue to vest according to the terms and conditions of such Award and any Performance Shares shall be replaced with Restricted Stock or Restricted Stock Units where the number of
such Restricted Stock or Restricted Stock Units shall be equal to the number of Performance Shares assuming attainment of target performance or actual performance achieved, if greater, as of the effective date of the Change in Control with any
restrictions on such Restricted Stock or Restricted Stock Units lapsing at the end of the measuring period over which performance for the replaced Performance Shares was to be measured prior to the granting of the replacement Award; provided
however, that, in the event of the Participant’s involuntary Separation from Service by the Corporation without Cause or Separation from Service by the Participant for Good Reason during the vesting period of an Award, such Award shall
immediately vest and be paid within seven days of such Separation from Service; and provided further that upon the vesting date of each Award, in addition to the fully vested Award, the Participant shall be entitled to receive a lump sum cash
payment (paid at the same time as the Award) equal to the decrease, if any, in the value of a Share of the Corporation’s stock from the effective date of the Change in Control (as increased on a calendar quarterly basis using an annual interest
rate, as of the last business day of the calendar quarter, for zero-coupon U.S. government securities with a constant maturity closest in length to the time period between the effective date of the Change in Control and the date of the vesting of
the award) to the time of vesting, multiplied by the total number of Shares or Share Equivalents subject to the Options, Restricted Stock, or Restricted Stock Units. 

  
 12 

 Employees 

 
 2.    If (i) The
Participant is a Specified Employee at the time of his Separation from Service, and (ii) some or any portion of the amounts payable to the Participant, if any, when considered together with any other payments or benefits which may be considered
deferred compensation under section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”) and subject to the plan aggregation rules under Treasury Regulation section 1.409A-1(c)(3)(viii) (together, the “Deferred
Compensation Benefits”) would result in the imposition of additional tax under Section 409A if paid to the Participant on or within the six (6) month period following the Separation from Service, then to the extent such portion of the
Deferred Compensation Benefits resulting in the imposition of additional tax would otherwise have been payable on or within the first six (6) months following the Separation from Service, it will instead become payable on the first payroll date
that occurs in the seventh month following the Separation from Service (or such longer period as is required to avoid the imposition of additional tax under Section 409A). All subsequent Deferred Compensation Separation Benefits, if any, will
be payable in accordance with the payment schedule applicable to each payment or benefit. 
  

	VII.	 MISCELLANEOUS 

 1.    No Effect on Terms of Employment.    Participation in the Plan shall not create a right to further employment with the Participant’s employer (the
“Employer”) and shall not interfere with the ability of the Employer to terminate, with or without cause, or change the terms of employment of a Participant at any time. 

2.    Grants to Participants in Foreign Countries.    In making grants to
Participants in foreign countries, the Administrator has the full discretion to deviate from this Statement of Terms and Conditions in order to adjust grants under the Plan to prevailing local conditions, including custom and legal and tax
requirements. Furthermore, the Corporation reserves the right to impose other requirements on the Participant’s participation in the Plan on the Award and on any Shares acquired under the Plan, to the extent the Corporation determines it is
necessary or advisable in order to comply with local law or facilitate the administration of the Plan, and to require the Participant to sign any additional agreements or undertaking that may be necessary to accomplish the foregoing. 

3.    Information Notification.    Any information required to be given
under the terms of an Award shall be addressed to the Corporation in care of its Corporate Secretary at McKesson Corporation, One Post Street, 35th Floor, San Francisco, California 94104, and any notice to be given to a Participant shall be addressed to him at the
address indicated beneath his or her name on the Award Agreement or such other address as either party may designate in writing to the other. Any such notice shall be deemed to have been duly given when enclosed in a properly sealed envelope or
wrapper addressed as aforesaid, registered or certified and deposited (postage or registration or certification fee prepaid) in a post office or branch post office. 

4.    Administrator Decisions Conclusive.    All decisions of the
Administrator administering the Plan upon any questions arising under the Plan or under an Award Agreement, shall be conclusive. 

  
 13 

 Employees 

 
 5.    No Effect on
Other Benefit Plans.    Nothing herein contained shall affect a Participant’s right to participate in and receive benefits from and in accordance with the then current provisions of any pensions, insurance or other
employment welfare plan or program offered by the Corporation. 

6.    Withholding.    Regardless of any action the Corporation or the
Employer takes with respect to any federal, state or local income tax, social insurance, payroll tax, payment on account or other tax-related items related to the Participant’s participation in the Plan and legally applicable to the Participant
(“Tax-Related Items”), the Participant acknowledges that the ultimate liability for all Tax-Related Items is and remains his or her responsibility and may exceed the amount actually withheld by the Corporation or the Employer. The
Participant further acknowledges that the Corporation and/or the Employer (1) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the Award, including the grant, vesting or
exercise of the Award, as applicable, the subsequent sale of Shares acquired pursuant to the Plan and the receipt of any dividends and/or dividend equivalents; and (2) do not commit and are under no obligation to structure the terms of the
grant or any aspect of the Award to reduce or eliminate the Participant’s liability for Tax-Related Items or achieve any particular tax result. Further, if the Participant has become subject to tax in more than one jurisdiction between the
Grant Date and the date of any relevant taxable event, the Participant acknowledges that the Corporation and/or the Employer (or former employer, as applicable) may be required to withhold or account for Tax-Related Items in more than one
jurisdiction. 
 Prior to any relevant taxable or tax withholding event, as applicable, the Participant will pay
or make adequate arrangements satisfactory to the Corporation and/or the Employer, or their respective agents, at their discretion, to satisfy the obligations with regard to all Tax-Related Items by one or a combination of the following:
(1) withholding from the Participant’s wages or other cash compensation paid to him or her by the Corporation and/or the Employer; (2) withholding from proceeds of the sale of Shares acquired under the Plan either through a voluntary
sale or through a mandatory sale arranged by the Corporation (on the Participant’s behalf pursuant to this authorization and any other authorization the Corporation and/or the broker designated by the Corporation may require the Participant to
sign in connection with the sale of Shares); or (3) withholding Shares to be issued upon grant, vesting/settlement or exercise, as applicable. Calculation of the number of Shares to be withheld shall be made based on the closing price of the
Common Stock on the New York Stock Exchange on the date that the amount of tax to be withheld is determined. In no event, however, shall the Corporation be required to issue fractional Shares. With respect to an Award other than an Option, if
adequate arrangements to satisfy the obligations with regard to all Tax-Related Items are not made by the Participant with the Corporation and/or the Employer prior to the relevant taxable event, the Corporation will satisfy such obligations as
provided above in (3) of this paragraph. 
 To avoid negative accounting treatment, the Corporation may
withhold or account for Tax-Related Items by considering applicable minimum statutory withholding amounts or other applicable withholding rates. If the obligation for Tax-Related Items is satisfied by withholding in Shares, for tax purposes, the
Participant will be deemed to have been issued the full number of Shares subject to the Award, notwithstanding that a number of the Shares are held back solely 

  
 14 

 Employees 

 
 
for the purpose of paying the Tax-Related Items due as a result of any aspect of the Participant’s participation in the Plan. 

Finally, the Participant shall pay to the Corporation or the Employer any amount of Tax-Related Items that the
Corporation or the Employer may be required to withhold or account for as a result of the Participant’s participation in the Plan that cannot be satisfied by the means previously described. The Corporation may refuse to issue or deliver the
Shares or the proceeds of the sale of Shares if the Participant fails to comply with his or her obligations in connection with the Tax-Related Items. 
 The Administrator shall be authorized to establish such rules, forms and procedures as it deems necessary to implement the foregoing. 

7.    Successors.    The Award Agreements shall be binding upon and inure
to the benefit of any successor or successors of the Corporation. “Participant” as used herein shall include the Participant’s Beneficiary. 
 8.    Delaware Law.    The interpretation, performance, and enforcement of all Award Agreements shall be governed by the laws of the State of Delaware.

 9.    Nature of Grant.    In accepting the grant, the
Participant acknowledges that: 
 (A)    the Plan is established voluntarily by the
Corporation, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Corporation at any time; 
 (B)    the grant of the Award is voluntary and occasional and does not create any contractual or other right to receive future Award grants, or benefits in lieu of Awards, even if
Awards have been granted repeatedly in the past; 
 (C)    all decisions with respect to
future Awards, if any, will be at the sole discretion of the Corporation; 
 (D)    the
Participant is voluntarily participating in the Plan; 
 (E)    the Award is not part of
normal or expected compensation for any purpose, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement benefits or
similar payments; 
 (F)    the Award will not be interpreted to form an employment
contract or relationship with the Corporation; and furthermore, the Award will not be interpreted to form an employment contract with any subsidiary or Affiliate of the Corporation; 

(G)    the future value of the underlying Shares is unknown, indeterminable and cannot be predicted
with certainty; 

  
 15 

 Employees 

 
 (H)    if the underlying
Shares do not increase in value, the Options will have no value; 
 (I)    in consideration
of the grant of the Award, no claim or entitlement to compensation or damages shall arise from forfeiture of the Award which results from termination of the Participant’s employment with the Employer or the Corporation or one of its Affiliates
(for any reason whatsoever) and the Participant irrevocably releases the Corporation or its Affiliates from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have
arisen, then, by accepting the Award, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim; 
 (J)    for purposes of an Award, the Participant’s employment relationship will be considered terminated as of the date the Participant is no longer a bona fide employee of the
Corporation or one of its Affiliates (regardless of the reason for such termination and whether or not later found to be invalid or in breach of the employment laws in the jurisdiction where the Participant is employed or the terms of the
Participant’s employment agreement, if any), and unless otherwise expressly provided in this Award Agreement or determined by the Corporation in its sole discretion, the Participant’s right to receive Awards and vest in Awards under the
Plan, if any, will terminate effective as of such date and will not be extended by any notice period mandated under local law; similarly, any right to exercise Options under the Plan after termination of employment will be measured as of the date
the Participant is no longer a bona fide employee of the Corporation or one of its Affiliates and will not be extended by any notice period mandated under local law; the Administrator shall have the sole discretion to determine when the Participant
is no longer a bona fide employee; 
 (K)    the Corporation is not providing any tax,
legal or financial advice, nor is the Corporation making any recommendations regarding participation in the Plan or the Participant’s acquisition or sale of Shares; and 

(L)    Participant is hereby advised to consult with his or her own personal tax, legal and
financial advisors regarding Participant’s participation in the Plan before taking any action related to the Plan. 
 10.    Data Privacy.    By accepting the Award, the Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in
electronic or other form, of his or her personal data as described in this document by and among, as applicable, the Employer and the Corporation and its Affiliates for the exclusive purpose of implementing, administering and managing participation
in the Plan. 
 The Participant understands that the Corporation and the Employer hold certain personal
information about the Participant, including, but not limited, his or her name, home address and telephone number, date of birth, social insurance or other identification number, salary, nationality, job title, any Shares or directorships held in
the Corporation, details of all Options, Restricted Stock, Restricted Stock Units, Performance Shares, Other Share-Based Awards, or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding in the
Participant’s favor, for the purpose of implementing, administering and 

  
 16 

 Employees 

 
 
managing the Plan (“Data”). The Participant understands that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan,
that recipients of Data may be located in the United States or elsewhere, and that the recipient’s country may have different data privacy laws and protections than the Participant’s country. The Participant understands that if the
Participant resides outside of the United States, he or she may request a list with the names and addresses of any potential recipients of the Data by contacting the local human resources representative. The Participant authorizes the recipients to
receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing participation in the Plan, including any requisite transfer of such Data as may be required to a broker or
other third party with whom the Participant may elect to deposit any Shares acquired under the Plan. The Participant understands that Data will be held only as long as is necessary to implement, administer and manage his or her participation in the
Plan. The Participant understands that if the Participant resides outside of the United States, he or she may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data
or refuse or withdraw the consents herein, without cost, by contacting in writing the local human resources representative. Further, the Participant understands that he or she is providing the consents herein on a purely voluntary basis. If the
Participant does not consent, or if he or she later seeks to revoke his or her consent, the Participant’s employment status or service and career with the Employer will not be adversely affected; the only adverse consequence of refusing or
withdrawing his or her consent is that the Corporation would not be able to grant him or her Awards or administer or maintain such Awards. Therefore, the Participant understands that refusing or withdrawing consent may affect his or her ability to
participate in the Plan. For more information on the consequences of refusal to consent or withdrawal of consent, the Participant understands that he or she may contact the local human resources representative. 

11.    Severability.    The provisions in this Statement of Terms and
Conditions are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 

12.    Language.    If the Participant has received this Statement of
Terms and Conditions or any other document related to the Plan translated into a language other than English and if the meaning of the translated version is different than the English version, the English version will control. 

13.    Electronic Delivery.    The Corporation may, in its sole
discretion, decide to deliver any documents related to current or future participation in the Plan by electronic means. The Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through an
on-line or electronic system established and maintained by the Corporation or a third party designated by the Corporation. 
  

	VIII.	 DEFINITIONS 

 When capitalized in this Statement of Terms and Conditions, the following terms shall have the meaning set forth below: 

  
 17 

 Employees 

 
 1.    “Award
Agreement” means an agreement between the Participant and the Corporation evidencing the grant of an Option, Restricted Stock Award, Restricted Stock Award, Performance Shares or Other Share-Based Award, as applicable. 

2.    “Cause” means termination of the Participant’s employment with the
Corporation or an Affiliate upon the Participant’s negligent or willful engagement in misconduct which, in the sole determination of the Chief Executive Officer of the Corporation (or his designee), is injurious to the Corporation, its
employees, or its customers. 
 3.    “DCAP III” means the
Corporation’s Deferred Compensation Administration Plan III, or its successor plan. 

4.    “Early Retirement” means a termination of employment which occurs prior to
Normal Retirement but on or after the date on which the Participant’s age (expressed in terms of years and completed months) plus service with the Corporation or an Affiliate equals 65. 

5.    “Family Member” means any person identified as an “immediate family”
member in Rule 16(a)-1(e) of the Exchange Act, as such Rule may be amended from time to time. Notwithstanding the foregoing, the Administrator may designate any other person(s) or entity(ies) as a “family member.”

 6.    “Good Reason” means any of the following actions, if taken without
the express written consent of the Participant: 
 (A)    Any material change by the
Corporation in the Participant’s functions, duties, or responsibilities, which change would cause the Participant’s position with the Corporation to become of less dignity, responsibility, importance, or scope from the position and
attributes that applied to the Participant immediately prior to the Change in Control; 

(B)    Any significant reduction in the Participant’s base salary immediately prior to the
Change in Control, other than a reduction effected as part of an across-the-board reduction affecting all Plan participants; 
 (C)    Any material failure by the Corporation to comply with any of the provisions of an award (or of any employment agreement between the parties) subsequent to a Change in
Control; or 
 (D)    The Corporation’s requiring the Participant to be based at any
office or location more than 25 miles from the office at which the Participant is based on the date immediately preceding the Change in Control; 
 Provided that the Participant gives notice to the Company of the existence of the Good Reason condition within 30 days of the initial existence of the Good Reason condition and the Company is provided 30
days after receipt of the Participant’s notice to remedy the Good Reason condition; provided further that the Participant’s Separation from Service must occur within six months from the initial existence of the Good Reason condition if the
Company does not remedy such condition for such separation to be considered to be for Good Reason. 

  
 18 

 Employees 

 
 7.    “Grant
Date” means the date the Administrator grants the Award. 
 8.    “Grant
Notice” means the notice of an Award granted to the Participant, which sets forth certain terms of such Award. 
 9.    “Long-Term Disability” means a physical or mental condition which the Social Security Administration has determined renders the Participant eligible to receive
Social Security benefits on account of disability or if the Participant is employed outside of the U.S., as determined in accordance with local standards by the Committee in its discretion. 

10.    “Normal Retirement” means retirement at age 65 (62, in the case of a
participant in the McKesson Corporation 1984 Executive Benefit Retirement Plan) with at least ten years of Service with the Corporation or an Affiliate. 
 11.    “Option Period” means the period commencing on the Grant Date of an Option and, except at otherwise provided in Section II.5, ending on the Termination
Date. 
 12.    “Separation from Service” means “Separation from
Service” as defined in DCAP III. 
 13.    “Service” means
“Service” as defined in the Corporation’s Profit-Sharing Investment Plan. 

14.    “Short-Term Disability” means short-term disability as defined in the
Corporation’s short-term disability plan. 
 15.    “Specified
Employee” means “Specified Employee” as defined in DCAP III. 

16.    “Termination Date” means the date that an Option expires as set forth in the
Option Grant Notice as the “Expiration Date.” 

  
 19 

 OUTSIDE DIRECTOR 

FORM OF 

MCKESSON CORPORATION 2005 STOCK PLAN 
 RESTRICTED STOCK UNIT GRANT NOTICE 
  

			
	 	 
	   Grantee
Name:
	  	 
	 	 
	   Grantee
Address:
	  	 
	 	 
	   Number of RSUs
Granted:
	  	 
	 	 
	   Date of
Grant:
	  	 
	 	 
	   Vesting
Dates:
	  	 

 Vesting Schedule: 100% vested on grant date,
                . 
 McKesson
Corporation (the “Company”) is pleased to grant you restricted stock units (“RSUs”) under the Company’s 2005 Stock Plan, as amended from time to time (the “Plan”) to receive ownership of shares of common stock of
the Company (“Shares”). This Grant Notice (“Notice”), together with the Statement of Terms and Conditions, as provided as an attachment to this Notice (the “ST&Cs”), constitute your Restricted Stock Unit Agreement,
which along with the Plan, set forth the terms of your grant. 
 Below is a list of documents that are made available to you in
connection with this Notice. PLEASE BE SURE TO READ THESE DOCUMENTS BECAUSE THEY CONTAIN IMPORTANT INFORMATION SPECIFIC TO THIS GRANT OF RSUs. This grant, along with any other grants you may have received in the past can be viewed on the
Merrill Lynch web site at www.benefits.ml.com. 
 By signing below, I acknowledge that: 

	1.	 I agree to receive copies of the stockholder information, including copies of any annual report, proxy and Form 10-K, from the Investor Resources
section of the McKesson website at www.mckesson.com; and 

	2.	 I also acknowledge that copies of the Plan, Plan prospectus, Plan information and stockholder information are available upon written or telephonic
request to the Corporate Secretary (1-800-826-9360); and 

	3.	 I have access to the Company’s web site; and 

	4.	 I consent to receiving electronically a copy of the documents set forth above and attachments to this Notice; and 

	5.	 The Plan and ST&Cs are incorporated by reference to this Notice; and 

	6.	 The Company recommends that the Grantee consult with a tax advisor prior to accepting or vesting of this grant of RSUs; and

	7.	 I accept ALL the terms and conditions as set forth in the Plan and the ST&Cs applicable to this grant of RSUs. 

IN WITNESS WHEREOF, the Grantee has executed this Agreement, and the Company has caused these presents to be executed in its name and on
its behalf, all as of the Grant Date. 
  

											
				
	 By:
	 	 	 		 	 
		 	 John H. Hammergren
	 	 Date
	 		 	 Grantee Signature
	 	 Date

		 	 Chairman, President and Chief Executive Officer

McKesson Corporation
	 		 		 	

  

			
	 PLEASE RETURN ONE SIGNED COPY OF
 THIS AGREEMENT TO:
  
 McKesson Corporation
 Stock Administration

One Post Street, 35th Floor, San Francisco, CA 94104

Attention: Evelyn Shaffer
	  	 ATTACHMENTS:

•    Amended and Restated 2005 Stock Plan

•    ST&Cs Applicable to Outside Director

•    2005 Stock Plan Prospectus for Non-Employee Director

•    Designation of Beneficiary Form

  
 1 

 CEO_SEC16_ECOT 
 FORM OF 
 MCKESSON CORPORATION 2005 STOCK PLAN 

RESTRICTED STOCK UNIT GRANT NOTICE 
  

			
	   Grantee Name:
	  	 
	
  Grantee Address:
	  	 
	
  Number of RSUs Granted:
	  	 
	
  Date of Grant:
	  	 
	
  Vesting Dates:
	  	 

 Vesting Schedule: Provided you continue to provide service to the company or any Affiliate of the
Company through the vesting date, the RSUs will become vested                 on
                            . 

McKesson Corporation (the “Company”) is pleased to grant you restricted stock units (“RSUs”) under the Company’s
2005 Stock Plan, as amended from time to time (the “Plan”) to receive ownership of shares of common stock of the Company (“Shares”). This Grant Notice (“Notice”), together with the Statement of Terms and Conditions, as
provided as an attachment to this Notice (the “ST&Cs”), constitute your Restricted Stock Unit Agreement, which along with the Plan (note that the Plan incorporates by reference the Company’s Compensation Recoupment Policy (the
“Recoupment Policy”) and the Company’s Stock Ownership Policy (the “Company Stock Ownership Policy”), as both are amended from time to time), set forth the terms of your grant. 

Below is a list of documents that are made available to you in connection with this Notice. PLEASE BE SURE TO READ THESE DOCUMENTS
BECAUSE THEY CONTAIN IMPORTANT INFORMATION SPECIFIC TO THIS GRANT OF RSUs. This grant, along with any other grants you may have received in the past can be viewed on the Merrill Lynch web site at www.benefits.ml.com. 

By signing below, I acknowledge that: 

	1.	 I agree to receive copies of the Plan, the Plan prospectus and other Plan information, including information prepared to comply with the laws
outside the United States, from the Company’s website and stockholder information, including copies of any annual report, proxy and Form 10-K, from the Investor Resources section of the McKesson website at www.mckesson.com; and

	2.	 I also acknowledge that copies of the Plan, Plan prospectus, Plan information and stockholder information are available upon written or telephonic
request to the Corporate Secretary (1-800-826-9360); and 

	3.	 I have access to the Company’s web site; and 

	4.	 I consent to receiving electronically a copy of the document set forth above and attachments to this Notice; and 

	5.	 The Plan (including the Recoupment Policy and Stock Ownership Policy) and ST&Cs are incorporated by reference to this Notice; and

	6.	 The Company recommends that the Grantee consult with a tax advisor prior to accepting or vesting of this grant of RSUs; and

	7.	 I accept ALL the terms and conditions as set forth in the Plan and ST&Cs applicable to this grant of RSUs. 

IN WITNESS WHEREOF, the Grantee has executed this Agreement, and the Company has caused these presents to be executed in
its name and on its behalf, all as of the Grant Date. 
  

							
			
	 	 		 	 
	 John H. Hammergren
	 		 	 Grantee Signature
	 	 Date

	 Chairman of the Board, President and Chief Executive Officer

McKesson Corporation
	 		 		 	

 ATTACHMENTS: 
  

	*	Amended and Restated 2005 Stock Plan 

	*	ST&Cs Applicable to                  

	*	Compensation Recoupment Policy 

	*	Stock Ownership Policy 

	*	2005 Stock Plan Prospectus 

	*	Designation of Beneficiary Form 

  
 1 

 EMPLOYEE 
 FORM OF 
 MCKESSON CORPORATION 2005 STOCK PLAN 

RESTRICTED STOCK UNIT GRANT NOTICE 
  

			
	   Grantee Name:
	  	 
	
  Grantee Address:
	  	 
	
  Number of RSUs Granted:
	  	 
	
  Date of Grant:
	  	 
	
  Vesting Dates:
	  	 

 Vesting Schedule: Provided you continue to provide service to the company or any Affiliate of the
Company through the vesting date, the RSUs will become vested                  on
                            . 

McKesson Corporation (the “Company”) is pleased to grant you restricted stock units (“RSUs”) under the Company’s
2005 Stock Plan, as amended from time to time (the “Plan”) to receive ownership of shares of common stock of the Company (“Shares”). This Grant Notice (“Notice”), together with the Statement of Terms and Conditions, as
provided as an attachment to this Notice (the “ST&Cs”), constitute your Restricted Stock Unit Agreement, which along with the Plan (note that the Plan incorporates by reference the Company’s Compensation Recoupment Policy, as
amended from time to time (the “Recoupment Policy”)), set forth the terms of your grant. 
 Below is a list of
documents that are made available to you in connection with this Notice. PLEASE BE SURE TO READ THESE DOCUMENTS BECAUSE THEY CONTAIN IMPORTANT INFORMATION SPECIFIC TO THIS GRANT OF RSUs. This grant, along with any other grants you may have
received in the past can be viewed on the Merrill Lynch web site at www.benefits.ml.com. 
 By signing below, I
acknowledge that: 

	1.	 I agree to receive copies of the Plan, the Plan prospectus and other Plan information, including information prepared to comply with the laws
outside the United States, from the Company’s website and stockholder information, including copies of any annual report, proxy and Form 10-K, from the Investor Resources section of the McKesson website at www.mckesson.com; and

	2.	 I also acknowledge that copies of the Plan, Plan prospectus, Plan information and stockholder information are available upon written or telephonic
request to the Corporate Secretary (1-800-826-9360); and 

	3.	 I have access to the Company’s web site; and 

	4.	 I consent to receiving electronically a copy of the documents set forth above and attachments to this Notice; and 

	5.	 The Plan (including the Recoupment Policy) and ST&Cs are incorporated by reference to this Notice; and 

	6.	 The Company recommends that the Grantee consult with a tax advisor prior to accepting or vesting of this grant of RSUs; and

	7.	 I accept ALL the terms and conditions as set forth in the Plan and the Restricted Stock Unit Agreement applicable to this grant of RSUs.

 IN WITNESS WHEREOF, the Grantee has executed this Restricted Stock Unit Agreement, and the
Company has caused these presents to be executed in its name and on its behalf, all as of the Grant Date. 
  

							
			
	 	 		 	 
	 John H. Hammergren
	 		 	 Grantee Signature
	 	 Date

	 Chairman of the Board, President and Chief Executive Officer

McKesson Corporation
	 		 		 	

 ATTACHMENTS: 

	*	Amended and Restated 2005 Stock Plan 

	*	ST&Cs Applicable to Employees 

	*	Compensation Recoupment Policy 

	*	2005 Stock Plan Prospectus 

	*	Appendix – (country specific) 

  
 1

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