Document:

Sale of Receivables Supplier Agreement

 Exhibit 10.2 
 SALE OF RECEIVABLES 
 (WITH PROGRAM FEES) 
 SUPPLIER AGREEMENT 
 between 
 AMD INTERNATIONAL SALES & SERVICE, LTD., 
 a Delaware corporation 
 and 
 IBM UNITED KINGDOM FINANCIAL SERVICES
LTD. 
 a company incorporated in Wales and England 
 March 26, 2008 

 THIS SALE OF RECEIVABLES (WITH PROGRAM FEES) – SUPPLIER AGREEMENT (“Agreement”) is
made this 26th day of March, 2008, by and between AMD INTERNATIONAL SALES & SERVICE, LTD., a Delaware corporation (“Supplier”), and IBM UNITED KINGDOM FINANCIAL SERVICES, LTD., a company incorporated in Wales and England
(“IBM UK”). 
 THE PARTIES AGREE AS FOLLOWS: 
 1.0 DEFINITIONS AND INTERPERTATION 
 DEFINITIONS: In this Agreement: 
 “Agreement” means this Sale of Receivables (with Program Fees) – Supplier Agreement, including (unless the context otherwise requires) Schedule A, Schedule B and any other schedules or
exhibits attached hereto and incorporated herein. 
 “Associated Rights” means in relation to any Receivable or Products any of the
following (i) all the Supplier’s rights by law as an unpaid vendor or under the sale contract; (ii) documentary evidence of the sale contract or its performance or of any disputes arising; (iii) documents of title, warehouse
keeper’s receipts, bills of lading, shipping documents, airway bills or similar documents; (iv) the benefit of all insurances; (v) all remittances, instruments, securities, bonds, guarantees and indemnities and accounting records; and
(vi) all of the Supplier’s interest in all Products represented by such Receivable and in all Products returned by, or reclaimed, repossessed, or recovered from, the Buyer; and (vii) all accounts, instruments, general intangibles,
documents, chattel paper, and letter of credit rights related to such Receivable. 
 “Base Rate” means the rate per annum referred to
in Schedule A, but where the Base Rate is determined by reference to a published interest rate and that rate ceases to be published for any reason, IBM UK will use another appropriate interest rate as the reference rate so that IBM UK remains in a
financial position equivalent to that before the original reference rate ceased to be published. 
 “Billing Document” means any
Supplier Invoice, Credit Note, Debit Note or other document (amending, re-stating or replacing a Supplier Invoice, Credit Note or Debit Note) issued by Supplier to a Buyer for Products pursuant to any Master Purchase Agreement. 
 “Business Day” means any day (other than Saturday or Sunday) on which banks are open in London, England and/or New York, New York, USA for
business of the nature required for the purposes of this Agreement. 
 “Buyer” means any legal entity to which the Supplier sells or
licenses Products and which has a Buyer Agreement in existence at the time of such transaction. 
 “Buyer Agreement” means an
agreement executed by and between a Buyer and IBM UK, and any amendments or replacements thereto made from time to time, under which the Buyer promises to pay Purchased Receivables to IBM UK. 
 “Change in Control” means, in relation to (a) the acquisition of, or, if earlier, the shareholder or director approval of the
acquisition of, ownership or voting control, directly or indirectly, beneficially or of record, on or after the Commencement Date, by any person or group (within the meaning of Rule 13d-3 of the SEC under the Securities Exchange Act of 1934, as then
in effect), of shares representing more than fifty percent (50%) of the aggregate ordinary voting power represented by the issued and outstanding capital stock of a Party, or (b) the occupation of a majority of the seats (other than vacant
seats) on the board of directors or other governing body of a Party by persons who were neither (i) nominated by the board of directors or other governing body of such Party, nor (ii) appointed by directors so nominated. 

  

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For the purposes of this definition, “SEC” means the United States Securities and Exchange Commission, and “voting power” means, with
respect to any person, the exclusive ability to control, through the ownership of shares of capital stock, partnership interests, membership interests or otherwise, the election of members of the board of directors or other similar governing body of
such person. The holding of a designated percentage of voting power of a person means the ownership of shares of capital stock, partnership interests, membership interests or other interests of such person sufficient to control exclusively the
election of that percentage of the members of the board of directors or similar governing body of such person. 
 “Commencement Date”
means the date specified as such in Schedule A. 
 “Credit Availability” means the unutilised amount at any time of the
Credit Limit with respect to any Buyer. 
 “Credit Limit” means the limit for a Buyer set by IBM UK under this Agreement. 

“Credit Note” means a Notified Credit Note issued by the Supplier to a Buyer having the effect of reducing the amount payable by the Buyer for
Products, including any credit, allowance, discount, setoff, return, accommodation or forgiveness of any nature or type on, of, or relating to the Receivable for such Products. 
 “Credit Report” means the regular weekly report issued to the Supplier by the Service Provider containing details of all Supplier Invoices issued and purchased by IBM UK during the applicable
Download Week and the Settlement Amount for them to be paid by IBM UK to the Supplier on the applicable Supplier Settlement Date. 
 “Debit
Note” means a Notified Debit Note issued by the Supplier to a Buyer having the effect of re-stating or increasing the amount payable by the Buyer for Products to the extent relating to the Receivable for such Products. 
 “Discharged Receivable” means any Purchased Receivable the uncollected value of which (a) was fully and finally paid by the Buyer or
(b) was satisfied by the payment of insurance proceeds to IBM UK. 
 “Distribution Agreement” means any distribution agreement
or similar agreement between the Supplier and any Buyer. 
 “Download Week” means any period commencing on a Thursday and ending on
the succeeding Wednesday. 
 “Face Value” means with respect to any Purchased Receivable, the amount the Buyer is obligated to pay
the Supplier on account of the sale of Products as shown on the face of the Supplier Invoice or, in the case of any Debit Note, any increased amount payable by the Buyer (but not any re-stated amount), but without including any Credit Note amount or
interest, but including any shipping charges, or other extraneous costs and expenses stated on the Supplier Invoice or Debit Note. 
 “Funding
Report” means the regular weekly report to IBM UK by the Service Provider identifying, among other things, the Settlement Amount to be paid by IBM UK to the Supplier on the next Supplier Settlement Date. 
 “Insolvency” means in relation to a company the convening of a meeting to pass a resolution for voluntary winding up by reason of insolvency, or
the making of a winding up order, or the issuing of an application for the appointment of an administrator, or the appointment of a receiver (whether in or out of court) or an administrative receiver of any of the assets or income of the company;
and means in relation to a partnership the issuing of a petition for its bankruptcy or its winding up or the issuing of an application for the appointment of an administrator or the issuing of a petition for the bankruptcy of any partner; and means
in relation to any person, company or firm the entering into a voluntary arrangement, or any formal or informal arrangement generally for the benefit of creditors, or consulting with creditors, or any material part of its income or assets being
subject to seizure, distress, lien or enforcement of security rights, or compounding with creditors, or ceasing to carry on business. 
  

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 “Lien” means with respect to any asset, any mortgage, deed to secure debt, deed of trust, lien,
pledge, charge, security interest, security title, preferential arrangement which has the practical effect of constituting a security interest, encumbrance, or servitude of any kind in respect of such asset to secure or assure payment of an
obligation or a guarantee of an obligation of another, whether by consensual agreement or by operation of statute or other law, or by any agreement, contingent or otherwise, to provide any of the foregoing. 
 “Master Purchase Agreement” means any Distribution Agreement or VPA. 
 “No Charge Period” means the number of calendar days in respect of a Purchased Receivable ending on the Payment Date. 
 “Non-Credit Dispute” means a bona fide dispute with respect to a Purchased Receivable or resolved with respect to a Purchased Receivable as relating solely to one or more of the following
matters (i) the Products (whether hardware, software or services or any combination of them) provided by the Supplier were not the Products as listed on the Supplier Invoice, or (ii) the amounts, billing information or other information on
the Supplier Invoice is erroneous in any material respect, (iii) the Supplier’s failure to comply in any material respect with any specification agreed for the Products or its standard Products warranty obligations or any other contractual
or legal obligation relating to the Products under any agreement between the Supplier and the Buyer or implied into any such agreement by any law, or (iv) the appointment of or the terms on which the Buyer has been appointed to be a distributor
or reseller for the Supplier. 
 “Notification” means the Supplier’s notification to IBM UK in the manner and with the
information required by Schedule B. 
 “Notified” means inclusion of a Supplier Invoice, Credit Note or Debit Note in a Notification.

 “Outstanding” means undischarged by payment or other settlement to IBM UK. 
 “Party” means Supplier or IBM UK (as the context requires) or permitted assignee and “Parties” means both. 
 “Payment Date” means the due date for payment of a Purchased Receivable to IBM UK under the Buyer Agreement. 
 “Products” means hardware, software, and associated Products or services sold or licensed by the Supplier to a Buyer and in respect of which it
issues a Supplier Invoice. 
 “Program” means the program described in and utilising the Program Documents for the Supplier’s
sale, and IBM UK’s purchase, of certain of the Supplier’s Receivables. 
 “Program Documents” means this Agreement, each
Credit Report, each Funding Report, and all other agreements, documents, or instruments entered into in connection with any of the foregoing as the same may be amended, restated, supplemented, or otherwise modified from time to time. 
 “Program Fees” means the amount payable by the Supplier to IBM UK calculated by multiplying the Face Value of the Supplier Invoice by the
percentage applicable to the Buyer determined by application of the provisions of Schedule A. 
 “Purchase Price” means, with respect
to any Purchased Receivable, the Face Value of the Supplier Invoice (or, if applicable, in respect of any Debit Note, the amount of any increase in the amount payable in respect of a Supplier Invoice). 
  

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 “Purchased Receivable” means a Receivable which is actually purchased by IBM UK under and in
accordance with the terms of this Agreement; provided that such Receivable shall no longer constitute a Purchased Receivable immediately upon its becoming a Recourse Receivable or a Discharged Receivable. 
 “Receivable” means the Supplier’s right to the payment of money from a Buyer arising out of Products sold, whether secured or unsecured,
whether now existing or hereafter arising, and whether or not specifically sold or purchased in connection with the Program, each as evidenced by a Supplier Invoice; provided that the parties agree that each such right to payment evidenced by a
separate Supplier Invoice shall constitute a separate Receivable hereunder. 
 “Recourse Receivable” means any Receivable which was
purchased by IBM UK under the Program which (a) becomes subject to any Non-Credit Dispute, (b) was sold to IBM UK (i) on the basis of any false or materially misleading representation or warranty contained in this Agreement, any other
Program Document or any Master Purchase Agreement or (ii) in violation of any covenant or other obligation of Supplier contained in this Agreement or any other Program Document, or (c) was sold to IBM UK on the basis of fraudulent or
unlawful conduct on the part of Supplier. 
 “Repurchase Finance Charge” means a charge payable by the Supplier at the rate specified
in Schedule A and accruing on a per diem basis from the day following the Payment Date until value in cleared funds is received by IBM UK from the Supplier. 
 “Repurchase Price” means, with respect to any Recourse Receivable, the Purchase Price less (i) Credit Notes for which value has been received by IBM UK after the Supplier Settlement Date and (ii) any amount
then received and retained by IBM UK and applied by IBM UK as payment of the Receivable, plus (iii) any applicable Repurchase Finance Charge (whether the amount of the Purchase Price was derived from a Supplier Invoice or Debit Note or both).

 “Returned Goods” means Products relating to any Purchased Receivables and returned to or recovered by the Supplier or IBM UK
(i) in accordance with the return of Product terms set forth in the Supplier Terms and Conditions, (ii) in accordance with Supplier’s excess inventory or stock rotation programs as set forth in any applicable Master Purchase
Agreement, (iii) as a result of any Non-Credit Dispute, or on the Insolvency of a Buyer. 
 “Return Notice” has the meaning given to
such term in Section 8.2 below. 
 “Schedule A” means the Schedule A to this Agreement as amended from time to time by agreement
in writing between the parties. 
 “Schedule B” means the Schedule B to this Agreement as amended from time to time by agreement in
writing between the parties. 
 “Service Provider” means any person with whom an agreement has been entered into by IBM UK and to
whom the performance of obligations or exercise of rights in respect of Receivables is from time to time sub-contracted by IBM UK. 
 “Settlement
Amount” means the aggregate of the Purchase Prices of all Supplier Invoices issued in a Download Week less any Credit Notes to be deducted (or plus any Debit Notes to be added) in accordance with the provisions of Schedule B and as
shown in the Credit Report. 
 “Supplier Invoice” means a valid invoice issued by the Supplier to a Buyer for payment for Products
(such invoice shall include any applicable taxes and duties) pursuant to any Master Purchase Agreement, including any terms and conditions set forth in the Supplier Terms and Conditions, as applicable. 
  

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 “Supplier’s Invoice Terms” means the payment terms for the Buyer, in number of calendar
days, determined by the Master Purchase Agreement and/or as stated on the Supplier Invoice. 
 “Supplier Settlement Date” means the
date payment of the Settlement Amount by IBM UK is due to the Supplier, which shall be the date which is 15 calendar days after the Sunday of the applicable Download Week (unless such date is not a Business Day in which case the Supplier Settlement
Date shall be the next occurring Business Day). 
 “Supplier Terms and Conditions” means the standard terms and conditions of sale of
Supplier applicable to any Product. 
 “UCC” means Article 9 of the Uniform Commercial Code as adopted in the State of New York, as
amended from time to time. 
 “VPA” means any volume purchase agreement or similar purchase agreement executed between the Supplier and any
Buyer. 
 All terms defined in this Agreement shall have the same defined meanings when used in any of the other Program Documents, unless otherwise defined
therein or unless the context shall require otherwise. The terms “accounts,” “chattel paper,” “instruments,” “general intangibles,” “inventory,” “equipment,” and “fixtures,” as
and when used herein and in the other Program Documents, shall have the same meanings given such terms under the UCC. 
 INTERPRETATION 
 If there is a conflict between the Agreement and any Schedule to it the terms of the Agreement shall prevail. Headings are for convenience only and not for
interpretation. The Singular includes the plural and vice versa. If a provision of any law is referred to, it will be as it is from time to time amended. 
 2.0 PURPOSE 
 2.1 Payment Terms The purpose of this Agreement is to enable the Supplier to offer payment terms to Buyers and to enable
it to sell and IBM UK to purchase the resulting Receivables payable by Buyers on the terms of this Agreement. IBM UK shall not make any charge to Buyers for the No Charge Period. 
 2.2 Designation of Buyers The Supplier may request IBM UK in writing to include as Buyers those of its customers that it may from time to time designate (such designation to state the Supplier’s Invoice
Terms required from the options specified in Schedule A) and IBM UK may agree to such inclusion by entering into a Buyer Agreement with such designated customer. Such designation shall continue for the purpose of this Agreement unless and until the
Supplier removes it by not less than 60 days written notice to IBM UK, whereupon the Supplier shall cease to be obliged to offer to sell Receivables owed by such Buyer to IBM UK. 
 2.3 True Sale; Risk Borne by IBM UK The sale of each Receivable will constitute a “true sale” of all of the Supplier’s right, title and interest in and to such Receivable and its Associated
Rights, and IBM UK shall take title to such Purchased Receivable and its Associated Rights without recourse to the Supplier, except in the event that such Purchased Receivable becomes a Recourse Receivable. Subject to the terms of this Agreement IBM
UK shall bear the credit, funding, and operational risks, and all related risks of ownership, arising from the purchase of Purchased Receivables under this Agreement. 
 2.4 Recharacterization As noted in Section 2.3, the parties hereto intend that IBM UK’s purchase of the Purchased Receivables shall constitute an absolute and “true sale,” conveying good
title, free and clear of any liens other than Permitted Encumbrances. In the event, it is determined that the transactions evidenced hereby and by the other Program Documents constitute a loan and not a purchase and sale, then (a) IBM UK shall
cease purchasing any additional Receivables, (b) this Agreement shall constitute a security 

  

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agreement under applicable law, and (c) the Supplier does hereby grant IBM UK a first priority perfected security interest in and to all of the
Supplier’s right, title, and interest, whether now owned or hereafter acquired, in, to, and under the Purchased Receivables and their Associated Rights to secure the obligations of the Supplier hereunder. 
 2.5 Nature of Purchased Receivable Each Purchased Receivable constitutes an “account,” “chattel paper,” or “general intangible,” as
such terms are defined in the UCC. 
 3.0 SALES AND PURCHASES WITHIN CREDIT LIMITS 
 3.1 Supplier Offers From the Commencement Date until either this Agreement is terminated or IBM UK at its option declines to purchase Receivables following breach of this Agreement by the Supplier (until such
breach is remedied to the sole and absolute satisfaction of IBM UK) the Supplier shall on the terms of this Agreement offer to sell to IBM UK, at the Purchase Price, all Receivables owing by each Buyer. 
 3.2 IBM UK Acceptances IBM UK shall, if there is Credit Availability, accept the Supplier’s offer to sell Receivables on the terms of this Agreement and,
subject only to the Supplier’s obligations to repurchase Purchased Receivables under this Agreement, all risk of non-payment of such Purchased Receivables, and all risk of ownership with respect to such Purchased Receivable, shall pass to IBM
UK on the date of issue stated on the Supplier Invoice. 
 3.3 Credit Limit and Credit Availability IBM UK shall have the right to determine, in its
sole and absolute discretion, whether to make any Credit Limit available for any Buyer under the Program. The Supplier shall be responsible for verifying the amount of Credit Availability in accordance with Schedule B before issuing any Supplier
Invoice and IBM UK shall not be liable for any failure to effect such verification. IBM UK shall be under no obligation to purchase Receivables where to do so would cause the amount of Credit Availability for the Buyer at any time to be exceeded.

 3.4 Change of Credit Limit If IBM UK increases or decreases the amount of a Credit Limit it will communicate such change to the Supplier by notice
in writing. If the change is a decrease in the Credit Limit amount, IBM UK shall be liable to continue to purchase Receivables issued by the Supplier for a period of 48 hours from notification to the Supplier by the Service Provider provided such
Receivables would have been within the Credit Availability for the Buyer immediately prior to such notice. 
 3.5 Credit Limit Withdrawal/Suspension
Notice IBM UK shall provide the Supplier as soon as practicable with written notice (to the address specified in Schedule B) if IBM UK at any time withdraws or suspends its Credit Limit or Credit Availability for any Buyer (so that such Credit
Limit and Credit Availability are zero). Any shipment made by the Supplier to the Buyer on any day after the date of receipt of such notice shall be at the risk of the Supplier and IBM UK shall not be obligated to purchase the relevant Receivable.

 3.6 Payment for Purchased Receivables IBM UK shall pay the Settlement Amount in cleared funds to the bank account of the Supplier stated in
Schedule A on the Supplier Settlement Date. Payments shall be made by electronic bank transfer or as otherwise agreed between the parties. 
 3.7 Currency
Transactions between the Supplier and IBM UK under this Agreement in relation to any Receivable shall be in the currency of that Receivable as set forth in the Supplier Invoice and described in Schedule A. 
 3.8 Program Fees IBM UK shall send an invoice to the Supplier for Program Fees (by the 8th day of each month) in respect of all Supplier Invoices included in Funding Reports received by IBM UK in the preceding month. Program Fees shall be calculated
as a one time charge for each Supplier Invoice on the terms of Schedule A. IBM UK’s invoices for Program Fees shall be payable within fifteen (15) days after receipt by the Supplier. 
  

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 4.0 SUPPLIER’S RIGHTS AND OBLIGATIONS 
 4.1 Transfer of Ownership The Supplier shall: 
 (a) upon receipt of the applicable Settlement Amount, transfer to IBM
UK the ownership of all Purchased Receivables and Associated Rights purchased by IBM UK and such ownership shall be complete and unencumbered by any Lien and it shall vest in IBM UK from the date stated on the Supplier Invoice as its issue date;

 (b) give written notice (in the form specified in Schedule B) to the Buyer that IBM UK is the owner of each Purchased Receivable together with payment
instructions for IBM UK (as the same may be designated by IBM UK from time to time); 
 (c) execute and deliver to IBM UK such further documents including
written assignments (with all stamp duties and documentary taxes endorsed thereon or paid or provided for) as IBM UK may reasonably require to exercise its rights to the absolute and unencumbered ownership of all Purchased Receivables, all
Associated Rights and any remittances received in discharge thereof; and 
 (d) assist IBM UK as it may in writing request by providing information and
records relating to Purchased Receivables that IBM UK may reasonably require to enforce its rights to Purchased Receivables and any Associated Rights. 
 4.2 Supplier’s Representations, Warranties and Covenants. By delivery to IBM UK of a Notification of a Receivable, the Supplier represents and warrants to IBM UK that: 
 (a) the Supplier is duly organised, validly existing, and has full power and authority including any consents required by law or otherwise to enter this Agreement and to
transfer ownership of the Receivable and Associated Rights to IBM UK; 
 (b) to Supplier’s actual knowledge upon due investigation, no disputes or
judgments or decrees exist, or are outstanding, nor is there any material fact or matter known or which should reasonably have been known by the Supplier, which has not been disclosed to IBM UK, nor is there any omission of any fact or matter which
could reasonably be expected to affect in any material respect or prevent the transfer of the Receivable and Associated Rights to IBM UK; 
 (c) there is no
Lien affecting the Products or the Receivable or Associated Rights except in favour of IBM UK; 
 (d) the Products covered by any Purchased Receivable have
been the subject of a bona fide order by the Buyer placed with and accepted by the Supplier and that acceptance of such order by the Supplier will be within the Buyer’s Credit Availability; 
 (e) the Buyer is obliged to pay the Receivable in the currency as specified in Schedule A; 
 (f) the amount of the Receivable shown on the Supplier Invoice constitutes a valid, existing, enforceable and undisputed debt payable by the Buyer, against which the Supplier has not received any notice of any right
of set off or counterclaim exercisable by the Buyer, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles of general
applicability; 
 (g) the Receivable is subject to the Supplier’s Invoice Terms; 
 (h) the contracts for the sale of the Products are subject to the state and/or federal laws of the United States or the laws of the United Kingdom, as applicable, and provide that any disputes may be settled before
the the courts of such jurisdiction; 
  

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 (i) each sale made by the Supplier pursuant to this Agreement constitutes a valid sale, transfer, and assignment of
Receivables to IBM UK, enforceable against the Supplier and that this Agreement and each other document executed and delivered in connection herewith constitutes a legal, valid, and binding obligation of the Supplier, enforceable in accordance with
its terms; except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles of general applicability; 
 (j) the Supplier is in compliance with the requirements of all applicable laws, rules, regulations and orders of all governmental authorities applicable to the sale of
the Products and the issue and sale of the Supplier Invoices under this Agreement, except to the extent that non-compliance would not materially adversely affect IBM UK’s rights in and to the Purchased Receivables or under this Agreement;

 (k) the Supplier has followed in all material respects the process specified in Schedule B; 
 (l) the execution and delivery of this Agreement by Supplier and the consummation of the transactions contemplated hereby or thereby by Supplier will not (i) conflict with, result in the breach of, constitute a
default under or accelerate the performance required by, the terms of any order, law, regulation, to which Supplier is a party or by which Supplier is bound, (ii) violate the articles of incorporation or bylaws or other charter documents of
Supplier, (iii) require any consent, approval, authorization or filing under any law, regulation, judgment, order, writ, decree, permit or license to which Supplier is a party or by which Supplier or its assets are bound, or (iv) subject
to the terms of UCC Section 9-406, require the consent or approval of any other party to any material contract, instrument, agreement or commitment to which Supplier is a party or by which Supplier or its assets are bound, other than the
approvals of regulatory authorities, if any, which have been obtained or will be obtained prior to the effective date of this Agreement. Supplier is not subject to any agreement or understanding with any governmental authority which would prevent
the consummation by Supplier of the transactions contemplated by this Agreement; and 
 (m) the Supplier shall cause to be delivered to IBM GF a “true
sale” legal opinion, subject to standard qualifications, limitations and exceptions, within ten (10) calendar days following the execution of this Agreement. 
 4.3 Utilisation Process The Supplier shall use the process, systems and tools described in Schedule B to offer each Receivable for sale to IBM UK and to perform its obligations under this Agreement. 

4.4 Transaction Taxes The Supplier shall indemnify IBM UK against all stamp duties and documentary taxes in respect of any unstamped or untaxed documents
delivered pursuant to this Agreement. 
 4.5 Power of Attorney To secure the payment of all Purchased Receivables the Supplier irrevocably appoints
IBM UK and its officers, directors, employees and agents at any time jointly and severally to act as the attorneys-in-fact of the Supplier in their sole judgment in order to do all or any of the following (a) perfect IBM UK’s title to any
Purchased Receivable, Associated Rights or Returned Goods, and (b) obtain payment of and give valid discharge for any Purchased Receivable. For such purposes the attorneys may sign all documents, endorse or negotiate all cheques and other
remittances, conduct, defend or compromise any legal proceedings and take all other steps which the attorney considers necessary; provided however, that the Supplier does not grant to IBM UK the right to make any compromise, settlement or release of
any Non-Credit Dispute or regarding ownership of any intellectual property rights related to any Products. These powers shall continue both during and after the ending of this Agreement and during any disability on the Supplier’s part until all
sums due to IBM UK have been paid. The Supplier shall ratify whatever commercially reasonable actions are taken by IBM UK that are consistent with this provision and applicable law. The Supplier irrevocably appoints any assignee of IBM UK or any
person to whom this Agreement may be novated to perform any of the acts set out above. IBM UK may also appoint and remove substitute attorneys for any of the above matters. 
  

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 5.0 IBM UK’s RIGHTS AND OBLIGATIONS 
 5.1 Collection of Purchased Receivables IBM UK shall have the sole discretion, whether the Buyer is in default or not, to renew and extend the time for such Buyer to pay the Purchased Receivables and to fulfill
its obligations under the Buyer Agreement and to compromise, adjust, settle or release any Purchased Receivable in such manner as IBM UK, as owner of such Purchased Receivable, may deem advisable without in any manner affecting the rights of IBM UK,
or the liabilities of either the Supplier, or any other party responsible to IBM UK for payment (provided that the Supplier does not grant to IBM UK the right to make any compromise, settlement or release of any Non-Credit Dispute or regarding
ownership of any intellectual property rights related to any Products).  
 5.2 Lodgement of Claims IBM UK shall be at liberty to complete and
lodge in the Supplier’s name, proof or statement of debt or proof of claim with respect to any Purchased Receivable in any Insolvency of the Buyer and IBM UK may at any time give notice to the Buyer of its ownership of any Purchased Receivable.

 5.3 No Obligation for Sales Contract IBM UK assumes no obligation to complete any sale contract between the Supplier and a Buyer notwithstanding
the purchase of any Receivable by IBM UK. 
 5.4 Termination of Buyer Agreement IBM UK shall give written notice to the Supplier of any decision by
IBM UK that future requests in relation to any Buyer for a Credit Limit will be declined by IBM UK as a result of IBM UK’s decision not to purchase Receivables payable by such Buyer. This notice shall not affect any Credit Limit given before
the date of the notice. 
 5.5 Service Provider The Parties agree that the Service Provider is and will be the sub-contractor solely of IBM UK and not
the sub-contractor or agent or trustee of the Supplier or any Buyer. The Supplier consents to IBM UK sub-contracting to the Service Provider the exercise of rights and performance of obligations of IBM UK under this Agreement. The Service Provider
shall provide the Supplier with the periodic reports stated in Schedule B. In the event that there is no Service Provider, all rights and obligations of IBM UK under or in respect of this Agreement shall respectively be exercised or performed by IBM
UK and any reference to “Service Provider” in this Agreement shall be replaced with “IBM UK”, which shall exercise or perform such rights and obligations for and on its own behalf in its capacity as contracting Party under this
Agreement. 
 5.6 IBM UK Representations and Warranties. 
 (a) IBM UK is duly organised, validly existing, and has full power and authority including any consents required by law or otherwise to enter and perform its obligations under this Agreement and the other Program Documents and to purchase
the Receivables and Associated Rights from the Supplier; 
 (b) This Agreement and the consummation by IBM UK of the transactions contemplated hereby and
thereby have been duly and validly authorized by all necessary corporate action of IBM UK, and this Agreement has been duly executed and delivered by IBM UK, and when executed by IBM UK, this Agreement will constitute the valid and binding
obligations of IBM UK, enforceable against IBM UK in accordance with its terms except as such enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by
equitable principles of general applicability ; and 
 (c) The execution and delivery of this Agreement by IBM UK and the consummation of the transactions
contemplated hereby or thereby by IBM UK will not (i) conflict with, result in the breach of, constitute a default under or accelerate the performance required by, the terms of any order, law, regulation, contract, instrument, agreement, or
commitment to which IBM UK is a party or by which IBM UK is bound, (ii) violate the articles of incorporation or bylaws or other charter documents of IBM UK, (iii) require any consent, approval, authorization or filing under any law,
regulation, judgment, order, writ, decree, permit or license to which IBM UK is a party or by which IBM UK or its assets are bound, or (iv) require the consent or approval of 

  

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any other party to any contract, instrument, agreement, or commitment to which IBM UK is a party or by which IBM UK or its assets are bound, other than the
approvals of regulatory authorities, if any, which have been obtained or will be obtained prior to or on the effective date of this Agreement. IBM UK is not subject to any agreement or understanding with any governmental authority which would
prevent the consummation by IBM UK of the transactions contemplated by this Agreement. 
 6.0 SUPPLIER/BUYER DEALINGS 
 6.1 Supplier’s Invoice Terms The Supplier agrees not to amend the Supplier’s Invoice Terms for Products to give a period longer than that selected for
the Buyer without the prior written consent of IBM UK, which consent may be contingent on changes to the Program Fees.  
 6.2 Payments Received
from Buyer The Supplier shall advise IBM UK immediately of any monies received by the Supplier by way of payment or partial-payment of a Purchased Receivable. The Supplier shall (a) transfer to IBM UK without delay such monies and
(b) hold such sums in trust for IBM UK until so transferred to IBM UK. 
 6.3 Returned Products The Supplier shall issue a Credit Note to
the Buyer and a Notification of payment to IBM UK in respect of the value of Returned Goods which come into the Supplier’s possession and shall hold the Returned Goods or their proceeds of sale in trust for IBM UK until IBM UK receives value
for the Credit Note or payment. 
 6.4 Credit Notes/Debit Notes To the extent not already credited in the calculation of any Settlement Amount,
the amount of any Credit Notes issued relating to a Purchased Receivable and not included in such calculation shall be applied to reduce the Settlement Amount owed by IBM UK to the Supplier on the next Supplier Settlement Date. Debit Notes that
(a) re-state the original amount of a Supplier Invoice shall not be taken into any calculation under this Agreement but Debit Notes that (b) increase the amount of a Supplier Invoice shall be treated, in respect, only, of the amount of the
increase, as a Supplier Invoice Notified on the date of the Debit Note, such Notification to be in the amount of the increase and to be treated as subject to the terms of this Agreement and the relevant Buyer Agreement as from the date on which the
Debit Note is Notified. 
 6.5 Special Terms The Supplier may from time to time, in connection with the Supplier’s promotions, special offerings
or other marketing initiatives or otherwise, request IBM UK to provide terms other than those specified in Schedule A. IBM UK may, in its absolute discretion, provide such terms. Any such other terms shall be subject to agreement in writing between
IBM UK and the Supplier. It is expressly understood that such other terms shall be in addition to, or in replacement of, the terms specified in Schedule A and, if in replacement of, shall not replace on a permanent basis the terms specified in
Schedule A. 
 7.0 DISPUTES WITH BUYERS 
 7.1 Dispute
Reporting The Supplier shall promptly notify the Service Provider in writing of any Non-Credit Dispute or any other allegation by the Buyer relating to its liability for or the amount of any Purchased Receivable or any right of set off arising
in the Buyer’s favour that will or may affect the Buyer’s obligations under the Buyer Agreement. 
 7.2 Dispute Handing The Supplier
acknowledges that IBM UK does not have the right to conduct or remedy a Non-Credit Dispute and agrees that it will take the same approach to resolving any issue giving rise to a disputed Purchased Receivable as it would if it were for its own
account (which approach shall be at least commercially reasonable) and so as to establish whether there is or is not a Non-Credit Dispute and the reason for the Purchased Receivable being disputed. The Supplier shall promptly use commercially
reasonable efforts (consistent with past practices) to resolve the relevant Non-Credit Dispute issues, to keep IBM UK informed and to cooperate with IBM UK where required by IBM UK in relation to such issues. 
  

 10 

 8.0 SUPPLIER REPURCHASE OBLIGATIONS 
 8.1 Receivables Repurchase If a Purchased Receivable becomes a Recourse Receivable, (a) the party who makes the determination that such Purchased Receivable has become a Recourse Receivable will
immediately notify the other Party in writing and specifically identify such Recourse Receivable and the event or condition which has caused it to become a Recourse Receivable; (b) IBM UK will sell such Recourse Receivable to the Supplier,
without any warranty (except for title to the extent previously transferred by the Supplier to IBM UK) or recourse, at the next occurring Supplier Settlement Date; and (c) the Supplier will repurchase such Recourse Receivables on such Supplier
Settlement Date by paying the Repurchase Price to IBM UK in cash. Any sums of money received by IBM UK from a Buyer and applied to a Recourse Receivable which has been repurchased by the Supplier shall be held in trust for the benefit of the
Supplier and promptly transferred to the Supplier by IBM UK either in cash or, at IBM UK’s option, added to the Settlement Amount payable to IBM UK on the next Supplier Settlement Date. The Supplier’s obligation to pay the Repurchase Price
shall be absolute and not conditional on the existence of the Recourse Receivable or any Associated Right (except to the extent the non-existence or impairment of such Recourse Receivable or Associated Rights is caused, directly or indirectly, by
the action or inaction of IBM UK or its affiliates, including any Service Provider). 
 8.2 Products Repurchase Option Except as provided in
Section 8.1 with respect to any Recourse Receivable, IBM UK shall provide written notice to the Supplier (each, a “Return Notice”) within 15 days after IBM UK repossesses or otherwise acquires any Returned Goods. The Supplier shall
have the right (but not the obligation) to repurchase such Returned Goods by providing written notice of such election within 15 days after receipt of the applicable Return Notice. The purchase price for any such Returned Goods shall be the then
applicable “fair market value” of such Returned Goods (as reasonably determined by the Supplier), plus any applicable taxes, packaging and shipping charges. The return of any Returned Products shall in all other respects be in accordance
with the Supplier’s standard return policies (as set forth in the applicable Master Purchase Agreement or Supplier Terms and Conditions (which Supplier shall disclose to IBM UK if relevant). Any amounts payable to IBM UK for any Returned Goods
repurchased by the Supplier hereunder shall be paid in cash. 
 9.0 DURATION OF AGREEMENT 
 9.1 Term This Agreement shall take effect on the Commencement Date for a period of one year and shall continue thereafter for successive periods each of one year
unless (a) terminated by either Party upon not less than thirty (30) calendar days prior written notice to the other Party, provided that such termination notice may not be effective prior to the date which is three (3) months after
the Commencement Date, or (b) terminated by notice with immediate effect by either Party if (i) the other Party is subject to Insolvency; or (ii) if the other Party is in breach of any material obligation under this Agreement and
fails to remedy such breach within 14 calendar days of written notice requiring it to do so; or (iii) a Change in Control occurs to the other Party. 
 9.2 Termination of Related Agreements Unless otherwise agreed in writing by the Parties, this Agreement shall terminate contemporaneously with the termination of any other agreement on substantially the same terms as this Agreement
between Related Companies of the Supplier and IBM UK.(“Related Companies” being those companies that are or are controlled by IBM Corporation or Advanced Micro Devices, Inc.). 
 9.3 Continuation of Rights At IBM UK’s sole discretion, upon termination, any existing Credit Limit shall automatically and without notice be withdrawn. Such
termination shall not terminate either Party’s liability with respect to any Receivables, Supplier Invoices, Credit Notes or Debit Notes received by IBM UK prior to the effective date of termination, regardless of the date such transactions are
completed. 
  

 11 

 10. MISCELLANEOUS 
 10.1 Confidentiality The Parties agree that this Agreement and the other Program Documents shall be treated as subject to the Non Disclosure Agreement known as AMD NDA #17444 Supplement AMD012208 (IBM CDA v2880 supplement AMD012208)
effective October 1, 2007 between Advanced Micro Devices, Inc. and IBM Credit LLC. 
 10.2 Set Off IBM UK has the right at all times to set off
whatever sum IBM UK may owe to the Supplier against the payment obligations of the Supplier to IBM UK, whether by Credit Note or otherwise, arising under this Agreement, or under any other agreement between IBM UK and the Supplier, or arising in any
other way. 
 10.3 Force Majeure Neither Party shall be liable to the other for any delay caused by a Force Majeure Event. If a Force Majeure Event
occurs the Party affected shall not be obliged to perform or require a third party to perform any obligation under this Agreement affected by such Force Majeure Event whilst it continues to prevent performance. A “Force Majeure Event “
means any event preventing a bank and/or clearing system from making payments including but not limited to an act of god, war, unavailability of any clearing or payment system, intermediary bank or other entity, sabotage, fire, flood, explosion,
civil commotion, strikes, lockouts or industrial action of any kind, riots, insurrection or acts of government or similar institutions. 
 10.4 Payment
Gross Up Any payment due from the Supplier to IBM UK shall be made such that the full amount due is received by IBM UK irrespective of any withholding which the Supplier is compelled by law or required by any governmental authority to make on
account of any taxation liability. Any payment due from IBM UK to the Supplier shall be made such that the full amount due is received by the Supplier irrespective of any withholding which IBM UK is compelled by law or required by any governmental
authority to make on account of any taxation liability. IBM UK shall provide Supplier, and Supplier shall provide IBM UK, as applicable, with any form, certificate or other documentation required to establish its eligibility for the benefits of any
applicable income tax treaty or to establish its entitlement to a reduction or an exemption from withholding. 
 10.5 Limitation of Liability Neither
the Supplier nor IBM UK shall have any liability for any special, indirect or consequential loss or damage suffered by the other or any claims in any manner related thereto. 
 10.6 Assignment IBM UK may assign the benefit of this Agreement in whole or in part. The Supplier consents to IBM UK novating to any other person all or any of its obligations, rights, benefits and remedies
under this Agreement. Following such assignment or novation this Agreement (or any part) shall bind and continue to the benefit of the successors and assigns of IBM UK. The Supplier may not assign or charge its rights and benefits under this
Agreement or subcontract any of its obligations without the prior written consent of IBM UK. 
 10.7 Complete Agreement This Agreement and the other
Program Documents constitute the entire agreement between IBM UK and the Supplier with respect to the subject matter hereof, and any prior written or oral statements relating thereto are not to be considered part of this Agreement or any Program
Document. Any modification to this Agreement shall be in writing and signed by the Parties. 
 10.8 Waiver No delay or omission on the part of IBM UK
in the exercise of any right or remedy shall impair such right or remedy or shall operate as a waiver thereof. 
 10.9 Partial Invalidity If any
provision of this Agreement shall be held to be invalid, illegal or unenforceable under any applicable statute or rule of law, the validity, legality and enforceability of the remaining provisions shall not in any way be affected. 
  

 12 

 10.10 Notices/Electronic Communications Any notice given under this Agreement shall be in writing, and shall be
delivered by facsimile transmission or registered mail, postage prepaid, and addressed as set out in Schedule A. For all other correspondence either Party may communicate with the other by electronic means and such communication is acceptable as a
signed writing. An identification code (called a “user ID”) contained in an electronic document is agreed to be sufficient to verify the sender’s identity and the document’s authenticity for all purposes. The Service Provider
shall be the day to day and primary channel for communication between the Parties and such communication shall be primarily on an electronic basis on terms to be established and maintained current by the Parties and the Service Provider. 

10.11 Counterparts This Agreement may be executed in counterparts which taken together shall constitute the Agreement. 
 10.12 Submission and Consent to Jurisdiction and Choice of Law Each Party hereby irrevocably and unconditionally submits itself and its property in any legal
action or proceeding relating to this Agreement and or for the recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the State of New York and any federal district court in New
York. Each Party consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereinafter have to the venue of any such action or proceeding in any such court or that such action or proceeding
was brought in an inconvenient court and agrees not to plead or claim the same. Each Party agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any
substantially similar form of mail), postage prepaid, to it at its address set forth in Schedule A. Each Party agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the
right to sue in any other jurisdiction. Each Party agrees that the validity, interpretation and enforcement of this Agreement and any other of the Program Documents shall be governed by the laws (without giving effect to conflict of law provisions)
of the State of New York. 
 10.13 Waiver of Jury Trial The Parties waive, to the maximum extent permitted by applicable law, all right to trial by
jury in any action, suit or proceeding brought to resolve any dispute, whether in contract, tort, or otherwise arising out of, connected with, related to, or incidental to, this Agreement and any other of the Program Documents. 
 [Remainder of page intentionally left blank.] 
  

 13 

 This Agreement is entered into effective as of the date first set forth above. 
  

									
	AMD International Sales & Service, Ltd.	 		 	IBM United Kingdom Financial Services, Ltd.
					
	Signed:	 	/s/ Faina Medzonsky	 		 	Signed:	 	/s/ A.D. Charples
	Name:	 	Faina Medzonsky	 		 	Name:	 	A.D. Charples
	Title:	 	Secretary	 		 	Title:	 	Director
					
	Date:	 	March 26, 2008	 		 	Date:	 	March 19, 2008Tax Sharing Agreement

 EXHIBIT 10.1 
 TAX SHARING AGREEMENT 
 by and among 
 FMC TECHNOLOGIES, INC. 
 AND ITS AFFILIATES 
 and 
 JOHN BEAN TECHNOLOGIES CORPORATION

 AND ITS AFFILIATES 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	 	  	Page
	 ARTICLE
	  	I
		 	DEFINITIONS	  	1
		
	 ARTICLE
	  	II
		 	RESPONSIBILITY FOR TAXES	  	8
		 	 2.1
	  	Responsibility and Indemnification for Taxes.	  	8
		 	 2.2
	  	Income Taxes.	  	8
		 	 2.3
	  	Other Taxes.	  	9
		 	 2.4
	  	Allocation of Certain Income Taxes and Income Tax Items.	  	9
		 	 2.5
	  	Payment for Use of Net Operating Losses.	  	10
		 	 2.6
	  	Payment for Use of Foreign Tax Credits.	  	10
		 	 2.7
	  	Audit Adjustments.	  	11
		 	 2.8
	  	Tax Refunds.	  	13
		 	 2.9
	  	Carrybacks.	  	13
		 	 2.10
	  	Timing of Certain Payments.	  	14
		 	 2.11
	  	Treatment of Restricted Stock, Stock Options, and Deferred Compensation.	  	14
		 	 2.12
	  	Successor Employer Status.	  	15
		
	 ARTICLE
	  	III
		 	TAX RETURNS AND INFORMATION EXCHANGE	  	15
		 	 3.1
	  	Tax Return Preparation Responsibility; Payment of Taxes Shown Thereon.	  	15
		 	 3.2
	  	Review of Tax Returns.	  	16
		 	 3.3
	  	Certain Items Related to Tax Return Preparation.	  	16
		 	 3.4
	  	Tax Information Exchanges and Tax Services.	  	17
		
	 ARTICLE
	  	IV
		 	TAX TREATMENT OF THE DISTRIBUTION	  	18
		 	 4.1
	  	Representations.	  	18
		 	 4.2
	  	Covenants.	  	18
		 	 4.3
	  	Supplemental Rulings and Restrictions on Spinco.	  	21
		 	 4.4
	  	Liability for Undertaking Certain Actions.	  	22
		 	 4.5
	  	Cooperation.	  	23
		 	 4.6
	  	Enforcement.	  	23
		
	 ARTICLE
	  	V
		 	COOPERATION AND EXCHANGE OF INFORMATION	  	23
		 	 5.1
	  	Cooperation.	  	24

  

 i 

							
		 	 5.2
	  	Contest Provisions.	  	25
		 	 5.3
	  	Information for Shareholders	  	26
		
	 ARTICLE
	  	VI
		 	 DISPUTE RESOLUTION
	  	26
		 	 6.1
	  	Dispute Resolution.	  	26
		
	 ARTICLE
	  	VII
		 	 MISCELLANEOUS
	  	26
		 	 7.1
	  	Effectiveness.	  	26
		 	 7.2
	  	Indemnification for Inaccurate, Incomplete or Untimely Information.	  	26
		 	 7.3
	  	Breach.	  	27
		 	 7.4
	  	Disclaimers.	  	27
		 	 7.5
	  	Payments.	  	27
		 	 7.6
	  	Changes in Law.	  	28
		 	 7.7
	  	Notices.	  	28
		 	 7.8
	  	Complete Agreement; Corporate Power.	  	29
		 	 7.9
	  	Governing Law.	  	29
		 	 7.10
	  	Successors and Assigns.	  	29
		 	 7.11
	  	Joint and Several Liability.	  	30
		 	 7.12
	  	Parties in Interest.	  	30
		 	 7.13
	  	Legal Enforceability; Waiver of Default.	  	30
		 	 7.14
	  	Action by Affiliates.	  	30
		 	 7.15
	  	Expenses.	  	30
		 	 7.16
	  	Confidentiality.	  	30
		 	 7.17
	  	Amendments and Modification.	  	31
		 	 7.18
	  	No Implied Waivers; Cumulative Remedies; Writing Required.	  	31
		 	 7.19
	  	Limitation on Damages.	  	31
		 	 7.20
	  	Severability.	  	31
		 	 7.21
	  	Specific Performance	  	31
		 	 7.22
	  	Construction.	  	32
		 	 7.23
	  	Counterparts.	  	32
		 	 7.24
	  	Delivery by Facsimile and Other Electronic Means.	  	32
		 	 7.25
	  	Consent by Affiliates.	  	32

  

 ii 

 TAX SHARING AGREEMENT 
 This TAX SHARING AGREEMENT, dated as of July 31, 2008, by and among FMC TECHNOLOGIES, INC. (“Parent”), a Delaware
corporation, by and on behalf of itself and each Affiliate of Parent, and JOHN BEAN TECHNOLOGIES CORPORATION (“Spinco”), a Delaware corporation and currently a direct, wholly owned subsidiary of Parent, by and on behalf of
itself and each Affiliate of Spinco. Capitalized terms used herein and not otherwise defined shall have the meanings ascribed to such terms in Article I hereof. 
 RECITALS 
 WHEREAS, the Board of Directors of Parent has determined that it is in the best interests
of Parent and its stockholders to separate Parent’s existing businesses into two independent companies (the “Separation”); 
 WHEREAS, to effect the Separation, Parent intends to cause the transfer to Spinco of certain assets of Parent and its subsidiaries, and the assumption by Spinco of certain liabilities of Parent and its subsidiaries associated with the
assets being transferred, all of which are primarily related to the Spinco Business (the “Contribution”) as contemplated by Separation and Distribution Agreement dated as of July 31, 2008 (the “Separation
Agreement”) and the Ancillary Agreements; 
 WHEREAS, in connection with the Separation, the Board of Directors of Parent has
determined that it would be advisable and in the best interests of Parent and its stockholders for Parent to distribute to the holders of the issued and outstanding shares of common stock of Parent (the “Parent Common Stock”) as of
the Record Date 100% of the issued and outstanding shares of common stock of Spinco (the “Spinco Common Stock”), together with the associated preferred stock purchase rights (each share of such stock, together with the associated
preferred stock purchase right, a “Spinco Share”), on the basis of 0.216 Spinco Shares for every share of Parent Common Stock (the “Distribution”); 
 WHEREAS, the Contribution and Distribution are intended to qualify as a tax-free reorganization and distribution under Sections 368(a)(1)(D) and 355 of
the Code; and 
 WHEREAS, in contemplation of the Distribution, Parent and Spinco desire to set forth their agreement on the rights and
obligations of Parent and Spinco and their respective Affiliates with respect to the responsibility, handling and allocation of federal, state, local, and foreign Taxes, and various other Tax matters. 
 NOW, THEREFORE, in consideration of the foregoing and the terms, conditions, covenants, and provisions of this Agreement, Parent, Spinco, and their
respective Affiliates mutually covenant and agree as follows: 

 ARTICLE I 
 DEFINITIONS 
 “Affiliate” means any corporation, partnership, limited liability
company, or other entity directly or indirectly Controlled by the entity in question. For purposes of this Agreement, an Affiliate of Parent shall not include Spinco or any entity that is also an Affiliate of Spinco. 
 “After Tax Amount” means any additional amount necessary to reflect (through a gross-up mechanism) the hypothetical Tax consequences of
the receipt or accrual of any payment required to be made under this Agreement (including payment of an additional amount or amounts hereunder and the effect of the deductions available for interest paid or accrued and for Taxes such as state and
local Income Taxes), determined by using the applicable corporate Tax rate (or rates, in the case of an item that affects more than one Tax) for the relevant taxable jurisdiction and period (or portion thereof). 
 “Agreement” means this Tax Sharing Agreement, including any schedules, exhibits, and appendices attached hereto. 
 “Cash Acquisition Merger” means a merger of a newly-formed subsidiary of Spinco with a corporation, limited liability company, limited
partnership, general partnership or joint venture (in each case, not previously owned, directly or indirectly, by Spinco) solely for cash pursuant to which Spinco acquires such corporation, limited liability company, limited partnership, general
partnership or joint venture and no Equity Securities of Spinco or any Spinco Affiliate are issued, sold, redeemed, or acquired, directly or indirectly. 
 “Code” means the Internal Revenue Code of 1986 (or, if relevant, the Internal Revenue Code of 1954), as amended, or any successor thereto, as in effect for the taxable period in question. 

“Combined Jurisdiction” means, for any taxable period, any jurisdiction with respect to which a Combined Return is filed for United
States federal, state, local, or foreign Income Tax purposes. 
 “Combined Return” means any combined, unitary, or
consolidated Tax Return or report, or any Tax Return or report for a single entity that operated a Spinco Business for any portion of the relevant Tax period (and which is not otherwise a Spinco Separate Tax Return), used in the determination of a
United States federal, state, local, or foreign Income Tax liability. 
 “Contribution” has the meaning prescribed in the
recitals to this Agreement. 
 “Control” means the ownership of stock or other securities possessing at least 50 percent of
the total combined voting power of all classes of securities entitled to vote. 
 “Deferred Tax Assets” means, as of a given
date, the amount of deferred tax benefits (including deferred tax consequences attributable to deductible temporary differences and carryforwards) that would be recognized as assets on a business enterprise’s balance sheet computed in
accordance with GAAP, but without regard to valuation allowances. 

 “Deferred Tax Liabilities” means, as of a given date, the amount of deferred tax
liabilities (including deferred tax consequences attributable to deductible temporary differences) that would be recognized as liabilities on a business enterprise’s balance sheet computed in accordance with GAAP, but without regard to
valuation allowances. 
 “Deferred Taxes” means, as of a given date, the amount of Deferred Tax Assets, less the amount of
Deferred Tax Liabilities. Deferred Taxes may be a net negative or positive amount, and shall be computed without regard to any payments to be made pursuant to Section 2.10. 
 “Distribution” has the meaning prescribed in the preamble to this Agreement. 
 “Distribution Date” means the date on which the Spinco stock is distributed by Parent to its shareholders in a transaction intended to
qualify as a tax-free distribution under Sections 355 and 368(a)(1)(D) of the Code. 
 “Employee Restricted Stock” means
either Parent Restricted Stock or Spinco Restricted Stock. 
 “Employee Stock Option” means either a Parent Stock Option or
a Spinco Stock Option. 
 “Equity Securities” means any stock or other equity securities treated as stock for Tax purposes,
or options, warrants, rights, convertible debt, or any other instrument or security that affords any Person the right, whether conditional or otherwise, to acquire stock or to be paid an amount determined by reference to the value of stock.

 “Estimated Spinco Separate Tax Liability” has the meaning prescribed in Section 2.2(e). 
 “Filing Party” has the meaning prescribed in Section 3.2(b). 
 “Final Determination” shall mean the final resolution of liability for any Tax for a taxable period, including any related interest,
penalties or other additions to tax, (i) by Internal Revenue Service Form 870 or 870-AD (or any successor forms thereto), on the date of acceptance by or on behalf of the IRS, or by a comparable form under the laws of other jurisdictions;
except that a Form 870 or 870-AD or comparable form that reserves (whether by its terms or by operation of law) the right of the taxpayer to file a claim for refund and/or the right of the Taxing Authority to assert a further deficiency with respect
to a Tax Item shall not constitute a Final Determination with respect to such Tax Item; (ii) by a decision, judgment, decree, or other order by a court of competent jurisdiction, which has become final and unappealable; (iii) by a closing
agreement or accepted offer in compromise under Section 7121 or Section 7122 of the Code, or comparable agreements under the laws of other jurisdictions; (iv) by any allowance of a refund or credit in respect of an overpayment of Tax,
but only after the expiration of all periods during which such refund may be recovered (including by way of offset) by the jurisdiction imposing such Tax; or (v) by any other final disposition, including by reason of the expiration of the
applicable statute of limitations. 
  

 2 

 “GAAP” means United States generally accepted accounting principles as in effect on the
Distribution Date. 
 “Income Taxes” means all federal, state, local, and foreign income Taxes or other Taxes based on
income or net worth, and any other franchise or similar Taxes. 
 “IRS” means the United States Internal Revenue Service or
any successor thereto, including, but not limited to its agents, representatives, and attorneys. 
 “Liability Issue” has
the meaning prescribed in Section 5.1(c). 
 “Non-filing Party” has the meaning prescribed in Section 3.2(b).

 “Non-preparing Party” has the meaning prescribed in Section 3.4(a). 
 “Option” means an option to acquire common stock, or other equity-based incentives the economic value of which is designed to mirror
that of an option, including non-qualified stock options, discounted non-qualified stock options, cliff options to the extent stock is issued or issuable (as opposed to cash compensation), and tandem stock options to the extent stock is issued or
issuable (as opposed to cash compensation). 
 “Other Taxes” means all taxes other than Income Taxes, including (but not
limited to) transfer, sales, use, payroll, property, and unemployment Taxes. 
 “Owed Party” has the meaning prescribed in
Section 7.5. 
 “Owing Party” has the meaning prescribed in Section 7.5. 
 “Parent” has the meaning prescribed in the preamble to this Agreement. 
 “Parent Common Stock” has the meaning prescribed in the recitals to this Agreement. 
 “Parent Consolidated Group” means the affiliated group of corporations (within the meaning of Section 1504 of the Code) of which
Parent is the common parent prior to the Distribution Date. 
 “Parent Employee” means an employee of Parent or any Parent
Affiliate immediately after the Distribution. 
 “Parent Group” means the group of corporations that, immediately after the
Distribution Date, are members of the affiliated group of corporations of which Parent is the common parent (within the meaning of Section 1504 of the Code). 
  

 3 

 “Parent Representation Letter” means an officer’s certificate in which certain
representations, warranties and covenants are made on behalf of Parent and its Affiliates in connection with the issuance of a Tax Opinion or Tax Ruling. 
 “Parent Restricted Stock” means Parent common stock received by a Parent or Spinco Employee in connection with his or her employment, which stock has not yet been included in the income of such
Employee as of the Distribution Date. 
 “Parent Separate Tax Return” means any Tax Return for any Tax period that includes
one or more members of the Parent Group, but does not include any members of the Spinco Group. 
 “Parent Stock Option”
means an Option to acquire Parent common stock received by a Parent or Spinco Employee in connection with his or her employment, which Option has not yet been exercised as of the Distribution Date. 
 “Person” means any natural person, corporation, general partnership, limited partnership, limited liability company, limited liability
partnership, proprietorship, trust, association, union, governmental authority or other entity, enterprise, authority or organization. 
 “Post-Distribution Tax Period” means, with respect to a given entity, any taxable period (or portion thereof) for which a Tax Return is filed, if such period begins after the Distribution Date. 
 “Pre-Distribution Tax Period” means, with respect to a given entity, any taxable period (or portion thereof) for which a Tax Return is
filed, if such period ends on or before the Distribution Date. 
 “Preparing Party” has the meaning prescribed in
Section 3.4(a). 
 “Reportable Transaction” means a reportable or listed transaction as defined in Section 6011 of
the Code or Treasury Regulations thereunder. 
 “Representation Letter” means the Spinco Representation Letter and the
Parent Representation Letter. 
 “Responsible Party” has the meaning prescribed in Section 5.2. 
 “Restriction Period” means the period beginning on the date hereof and ending on the second anniversary of the Distribution Date.

 “Ruling Documents” means the Ruling Request, the appendices, attachments and exhibits thereto, and any additional or
supplemental information submitted to the IRS in connection with the Ruling Request. 
 “Ruling Request” means the private
letter ruling request filed by Parent with the IRS dated March 20, 2008 pertaining to certain Tax aspects of the Contribution and the Distribution. 
  

 4 

 “Separation Agreement” has the meaning prescribed in the recitals to this Agreement.

 “Spinco” has the meaning prescribed in the preamble to this Agreement. 
 “Spinco Available FTCs” has the meaning prescribed in Section 2.6(a). 
 “Spinco Allocated FTCs” has the meaning prescribed in Section 2.6(a). 
 “Spinco Available NOLs” has the meaning prescribed in Section 2.5(a). 
 “Spinco Allocated NOLs” has the meaning prescribed in Section 2.5(a). 
 “Spinco Assets” has the meaning prescribed in Section 1.1 of the Separation Agreement. 
 “Spinco Business” has the meaning prescribed in Section 1.1 of the Separation Agreement. 
 “Spinco Common Stock” has the meaning prescribed in the recitals to this Agreement. 
 “Spinco Employee” means an employee of Spinco or any Spinco Affiliate immediately after the Distribution. 
 “Spinco Group” means the group of corporations that, immediately after the Distribution Date, will be members of the affiliated group of
corporations of which Spinco is the common parent (within the meaning of Section 1504 of the Code). For purposes of this definition, it is assumed that Spinco will elect to file consolidated federal income tax returns with Spinco as the common
parent for the taxable year beginning immediately after the Distribution. 
 “Spinco Representation Letter” means an
officer’s certificate in which certain representations, warranties and covenants are made on behalf of Spinco and its Affiliates in connection with the issuance of a Tax Opinion or Tax Ruling. 
 “Spinco Restricted Stock” means Spinco common stock received by a Spinco Employee or Parent Employee in connection with his or her
employment, which stock has not yet been included in the income of such Employee as of the Distribution Date. 
 “Spinco Separate Tax
Liability” means an amount equal to the Tax liability that Spinco and all Spinco Affiliates would have incurred on a consolidated, combined, unitary or separate basis (as applicable) as if at all times on or before the Distribution Date
(a) each Spinco Asset transferred to Spinco or a Spinco Affiliate in connection with the Separation had at all relevant times been owned by such transferee entity, and the Spinco Business had been conducted solely and entirely by Spinco and the
Spinco Affiliates, and (b) Spinco had been the common parent of an affiliate group (as defined in section 1504(a) of the Code without regard to Section 1504(b) of the Code) that was (i) separate from the members of the Parent Group
and (ii) consisted solely of Spinco and the Spinco Affiliates. 
  

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 “Spinco Separate Tax Return” means any Tax Return for any Tax period that includes one
or more members of the Spinco Group, but does not include any members of the Parent Group. 
 “Spinco Share” has the meaning
prescribed in the recitals to this Agreement. 
 “Spinco Stock Option” means an Option to acquire Spinco common stock
received by a Spinco Employee or Parent Employee in connection with his or her employment, which Option has not yet been exercised as of the Distribution Date. 
 “Straddle Period” means, with respect to a given entity, any state, local, or foreign taxable period beginning on or before the Distribution Date and ending after the Distribution Date; 
 “Supplemental Ruling” means any IRS private letter ruling issued in connection with the Contribution and/or the Distribution other than
the Ruling Request. 
 “Supplemental Ruling Documents” means the Supplemental Ruling Request, the appendices, attachments
and exhibits thereto, and any additional or supplemental information submitted to the IRS in connection with the Supplemental Ruling Request. 
 “Supplemental Ruling Request” means the Supplemental Ruling request filed by Parent with the IRS pertaining to certain Tax aspects of the Contribution and/or the Distribution. 
 “Tax” and “Taxes” mean any form of taxation, whenever created or imposed, and whenever imposed by a Taxing Authority,
and without limiting the generality of the foregoing, shall include any net income, alternative or add-on minimum tax, gross income, sales, use, ad valorem, gross receipts, value added, franchise, profits, license, transfer, recording, withholding,
payroll, employment, excise, severance, stamp, occupation, premium, property, windfall profit, custom duty, annual report, or other tax, government fee, or other like assessment or charge, of any kind whatsoever, together with any related interest,
penalties, or other additions to tax, or additional amount imposed by any such Taxing Authority. 
 “Tax Asset” means any
Tax Item that has accrued for Tax purposes (including a net operating loss, net capital loss, investment tax credit, foreign tax credit, charitable contribution deduction, credit related to alternative minimum tax and any other Tax credit), that
could reduce a Tax in the taxable period in which it accrued, but which is available to reduce a Tax in a later taxable period. 
 “Taxing Authority” means any national, municipal, governmental, state, federal, foreign, or other body, or any quasi-governmental or private body, having jurisdiction over the assessment, determination, collection or
imposition of any Tax (including the IRS). 
 “Tax Benefit” means, without double counting, the sum of (i) the amount
of the reduction in the Tax liability of an entity (or of the consolidated or combined group of which it is a member), whether temporary or permanent, for any taxable period that arises, or may arise in the future, as a result of any adjustment to,
or addition or deletion of, a Tax Item in the computation of the Tax liability of the entity (or the consolidated or combined group of which it 

  

 6 

 
is a member), and (ii) the amount by which the entity’s (or consolidated or combined group of which it is a member) Deferred Taxes are increased as
a result of such adjustment, addition, or deletion. 
 “Tax Controversy” has the meaning prescribed in Section 5.2(a).

 “Tax Detriment” means, without double counting, the sum of (i) the amount of the increase in the Tax liability of an
entity (or of the consolidated or combined group of which it is a member), whether temporary or permanent, for any taxable period that arises, or may arise in the future, as a result of any adjustment to, or addition or deletion of, a Tax Item in
the computation of the Tax liability of the entity (or the consolidated or combined group of which it is a member), and (ii) the amount by which the entity’s (or consolidated or combined group of which it is a member) Deferred Taxes are
decreased as a result of such adjustment, addition, or deletion. 
 “Tax-Free Status” means the qualification of the
Contribution and the Distribution as a tax-free reorganization (i) described in Sections 355(a) and 368(a)(1)(D) of the Code, (ii) in which the stock distributed thereby is qualified property for purposes of Section 361(c) of the
Code, (iii) in which each of Parent, the Parent Affiliates, Spinco, and the Spinco Affiliates recognize no income or gain other than intercompany items or excess loss accounts taken into account pursuant to the Treasury Regulations promulgated
pursuant to Section 1502 of the Code, and (iv) in which no gain or loss is recognized by (and no amount is included in the income of) holders of Parent common stock upon the receipt of Spinco common stock pursuant to the Contribution and
Distribution, other than cash in lieu of fractional shares. 
 “Tax Item” means any item of income, gain, loss, deduction,
credit, recapture of credit, or any other item (including the basis or adjusted basis of property) which increases or decreases Income Taxes paid or payable in any taxable period. 
 “Tax Opinion” means an opinion issued to Parent by a law firm or an accounting firm with respect to the qualification of the Separation
and the Distribution for treatment under Sections 355 and 368(a)(1)(D) of the Code. 
 “Tax Package” means the information
and documents in the possession of the Non-preparing Party and its Affiliates that are reasonably necessary for the preparation of a Tax Return by the Preparing Party and its Affiliates with respect to a Combined Return, assembled in all material
respects in accordance with the standards that Parent has heretofore applied to divisions and Affiliates of Parent. 
 “Tax
Return” means any return, filing, questionnaire or other document required to be filed, including requests for extensions of time, filings made with estimated Tax payments, claims for refund or amended returns, that may be filed for any
taxable period with any Taxing Authority in connection with any Tax or Taxes (whether or not a payment is required to be made with respect to such filing). 
 “Tax Ruling” means the IRS private letter ruling issued to Parent on July 8, 2008 in connection with the Ruling Request. 
  

 7 

 “Trademark Agreement” means the Trademark Assignment and Co-Existence Agreement, dated as of
July 31, 2008, between Parent and Spinco. 
 “Treasury Regulations” means the final and temporary (but not proposed)
income tax regulations promulgated under the Code, as such regulations may be amended from time to time (including corresponding provisions of succeeding regulations). 
 ARTICLE II 
 RESPONSIBILITY FOR TAXES 
 2.1 Responsibility and Indemnification for Taxes. 
 (a) From and after the Distribution Date, without duplication, each of Parent and Spinco shall be responsible for, and shall pay its respective share of, the liability for Taxes of Parent, Spinco, and their respective
Affiliates as provided in this Agreement. Parent and its Affiliates shall indemnify and hold harmless Spinco and its Affiliates from any Taxes for which Parent is responsible pursuant to this Agreement. Spinco and its Affiliates shall indemnify and
hold harmless Parent and its Affiliates from any Taxes for which Spinco is responsible pursuant to this Agreement. 
 (b) Payments to Taxing
Authorities and between the parties, as the case may be, shall be made in accordance with the provisions of this Agreement. 
 2.2
Income Taxes. 
 (a) Subject to the limitations set forth in Section 2.7, Spinco shall be responsible for all Income Taxes
(i) incurred on any Combined Return for any Tax period which includes the Distribution Date in any Combined Jurisdiction to the extent such Taxes constitute a Spinco Separate Tax Liability, excluding (A) any Income Taxes attributable to
the Foreign Transfers (as defined in the Separation Agreement) and (B) any Income Taxes resulting from the application of Treasury Regulation Sections 1.1502-13 and 1.1502-19 to the Separation, (ii) incurred on any Spinco Separate Tax
Return for any Tax period, (iii) incurred on any Combined Return for any Tax period ending before the Distribution Date in any Combined Jurisdiction to the extent such Income Taxes constitute a Spinco Separate Tax Liability and are paid after
the Distribution Date, including but not limited to, any Income Taxes resulting from a Final Determination, and (iv) of Parent and its Affiliates attributable to acts or omissions of Spinco or its Affiliates taken after the Distribution (other
than acts or omissions in the ordinary course of business or otherwise contemplated by the Separation Agreement). 
 (b) Parent shall be
responsible for all Income Taxes (i) incurred on any Combined Return in any Combined Jurisdiction for any Tax period which are not the responsibility of Spinco pursuant to Section 2.2(a), (ii) incurred on any Parent Separate Tax
Return, and (iii) imposed under Treasury Regulation Section 1.1502-6 or under any comparable or similar provision of state, local or foreign laws or regulations on Spinco or its Affiliates as a result of such company being a member of a
consolidated, combined, or unitary group with Parent or any Parent Affiliate during any Tax period. 
  

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 (c) Notwithstanding anything in Section 2.2(a) or 2.2(b) to the contrary, any Income Taxes
(including, but not limited to, any Income Taxes resulting from a Final Determination) incurred on any Combined Return in any Combined Jurisdiction that are directly attributable to the Trademark Agreement shall be borne 50% by Parent and 50% by
Spinco. 
 (d) Not later than 90 days following the Distribution Date, any Spinco Separate Tax Liability related to Section 2.2(a)(i)
shall be computed by Spinco (i) assuming Spinco and each Spinco Affiliate use the same accounting methods and elections as the Parent Group uses in filing its relevant consolidated or combined Tax Return, (ii) applying the applicable
corporate Income Tax rate in effect for the relevant Tax period in the relevant jurisdiction, (iii) with respect to any U.S. federal income Tax, excluding any Spinco Available NOLs (as computed in accordance with Section 2.5(a)) or Spinco
Available FTCs (as computed in accordance with Section 2.6(a)), (iv) with respect to any U.S. state and local Taxes using overall apportionment factors, and (v) in a manner consistent with past practice, if any. Any Spinco Separate
Tax Liability related to Section 2.2(a)(iii) shall be computed by Parent, but otherwise consistent with this Section 2.2(d). 
 (e)
Not later than 45 days following the Distribution Date, with respect to any Spinco Separate Tax Liability related to Section 2.2(a)(i), Spinco shall determine and pay to Parent an amount equal to the Estimated Spinco Separate Tax Liability. For
each relevant jurisdiction, the Estimated Spinco Separate Tax Liability shall equal the product of (x) audited GAAP earnings before interest and Taxes generated by the Spinco Business (and reported on the relevant Combined Return), and
(y) the applicable corporate Income Tax rate in effect for the relevant Tax period. Any amount of Estimated Spinco Separate Tax Liability paid under this Section 2.2(e) shall be a credit against any final payment required to be made by
Spinco with respect to the relevant Combined Return. 
 2.3 Other Taxes. 
 (a) Spinco shall be responsible for all Other Taxes attributable to Spinco and its Affiliates or to the Spinco Business for all Tax periods. 

(b) Parent shall be responsible for all Other Taxes attributable to Parent and its Affiliates (other than Spinco and its Affiliates) and to its
business activities other than the Spinco Business, or resulting from the Contribution and Distribution, for all Tax periods. 
 2.4
Allocation of Certain Income Taxes and Income Tax Items. 
 (a) If Parent, Spinco or any of their respective Affiliates is
permitted but not required under applicable U.S. federal, state, local or foreign Tax laws to treat the Distribution Date as the last day of a taxable period, then the parties shall treat such date as the last day of a taxable period under such
applicable Tax law, and shall file any elections necessary or appropriate to such treatment; provided that this Section 2.4(a) shall not be construed to require Parent to change its taxable year. 
 (b) Transactions occurring, or actions taken, on the Distribution Date but after the Distribution outside the ordinary course of business by, or with
respect to, Spinco or any of its Affiliates shall be deemed subject to the “next day rule” of Treasury Regulation Section 

  

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1.1502-76(b)(1)(ii)(B) (and under any comparable or similar provision under state, local or foreign laws or regulations, provided that if there is no
comparable or similar provision under state, local or foreign laws or regulations, then the transaction will be deemed subject to the “next day rule” of Treasury Regulation Section 1.1502-76(b)(1)(ii)(B)) and as such shall for
purposes of this Agreement be treated (and consistently reported by the parties) as occurring in a Post-Distribution Tax Period of Spinco or a Spinco Affiliate, as appropriate, and reported on a Spinco Separate Tax Return. 
 (c) Tax attributes determined on a consolidated or combined basis for taxable periods ending before or including the Distribution Date shall be allocated
to Parent and its Affiliates, and Spinco and its Affiliates, in accordance with the Code and the Treasury Regulations (and any applicable state, local, or foreign law or regulation). Parent shall reasonably determine the amounts and proper
allocation of such attributes, and the Tax basis of the assets and liabilities transferred to Spinco in connection with the Contribution and Distribution, as of the Distribution Date; provided that Spinco shall be entitled to participate in
such determination. Parent and Spinco agree to compute their Tax liabilities for taxable periods after the Distribution Date consistent with that determination and allocation, and treat the Tax Assets and Tax Items as reflected on any federal (or
applicable state, local or foreign) Income Tax Return filed by the parties as presumptively correct. 
 2.5 Payment for Use of Net
Operating Losses. 
 (a) Not later than 30 days following the filing of the 2008 U.S. federal income Tax Return for the Parent
Consolidated Group, Parent shall determine the following amounts: (i) the aggregate amount of U.S. federal net operating loss carryforwards available to the Parent Consolidated Group as of January 1, 2008 which are attributable to the
Spinco Business (based on the same principles used to allocate net operating losses to Spinco pursuant to Section 2.4(c)), (ii) the aggregate amount of U.S. federal net operating losses generated by the Spinco Business from January 1,
2008 up to and including the Distribution Date that are available to the Parent Consolidated Group (the sum of (i) and (ii) shall be considered the “Spinco Available NOLs”), and (iii) the amount of the Spinco Available NOLs
that are allocable to the Spinco Group as of the day after the Distribution Date in accordance with Section 2.4(c) hereof (the “Spinco Allocated NOLs”). 
 (b) If the amount of Spinco Available NOLs exceeds the amount of Spinco Allocated NOLs, then Parent shall pay an amount to Spinco equal to the product of (i) the applicable corporate Income Tax rate and
(ii) such excess. Such amount shall be paid by Parent not later than 45 days following the filing of the 2008 U.S. federal income Tax Return for the Parent Consolidated Group. 
 2.6 Payment for Use of Foreign Tax Credits. 
 (a) Not later than 30 days following the filing of the 2008 U.S. federal income Tax Return for the Parent Consolidated Group, Parent shall determine the following amounts: (i) the aggregate amount of foreign tax
credit carryforwards available to the Parent Consolidated Group as of January 1, 2008 which are attributable to the Spinco Business (based on the same principles used to allocate foreign tax credits to Spinco pursuant to Section 2.4(c)),
(ii) the 

  

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aggregate amount of foreign tax credits generated by the Spinco Business from January 1, 2008 up to and including the Distribution Date that are
available to the Parent Consolidated Group (the sum of (i) and (ii) shall be considered the “Spinco Available FTCs”), and (iii) the amount of the Spinco Available FTCs that are allocable to the Spinco Group as of the
day after the Distribution Date in accordance with Section 2.4(c) hereof (the “Spinco Allocated FTCs”). 
 (b) If the
amount of Spinco Available FTCs exceeds the amount of Spinco Allocated FTCs, then Parent shall pay an amount to Spinco equal to such excess. Such amount shall be paid by Parent not later than 45 days following the filing of the 2008 U.S. federal
income Tax Return for the Parent Consolidated Group. 
 2.7 Audit Adjustments. 
 (a) Temporary Items. 
 i) Not
later than 30 days after any Final Determination is made with respect to any Combined Return for any Tax period for which Parent or any Parent Affiliate is the Preparing Party, Parent shall determine the amount of any Tax Detriment or Tax Benefit
attributable to the adjustment of any temporary Tax Items reported (or required to be reported) on such Combined Return. If, and to the extent, the amount of any such Tax Detriment or Tax Benefit so determined i) relates to an adjustment of Income
Taxes that constitute a Spinco Separate Tax Liability, and ii) results in (or can reasonably be expected to result in) a Tax Benefit or Tax Detriment to Spinco or any Spinco Affiliate in a Post-Distribution Period attributable to a corresponding
increase or decrease in the tax basis of any Spinco or Spinco Affiliate asset or liability, then not later than 45 days after such Final Determination is made, Spinco shall pay to Parent the amount of any such Tax Detriment, or Parent shall pay to
Spinco the amount of any such Tax Benefit, as appropriate. 
 ii) Not later than 30 days after any Final Determination is made
with respect to any Combined Return for any Tax period for which Spinco or any Spinco Affiliate is the Preparing Party, Spinco shall determine the amount of any Tax Detriment or Tax Benefit attributable to the adjustment of any temporary Tax Items
reported (or required to be reported) on such Combined Return. If, and to the extent, the amount of any such Tax Detriment or Tax Benefit so determined i) relates to an adjustment of Income Taxes that do not constitute a Spinco Separate Tax
Liability, and ii) results in (or can reasonably be expected to result in) a Tax Benefit or Tax Detriment to Parent or any Parent Affiliate in a Post-Distribution Period attributable to a corresponding increase or decrease in the tax basis of any
Parent or Parent Affiliate asset or liability, then not later than 45 days after such Final Determination is made, Parent shall pay to Spinco the amount of any such Tax Detriment, or Spinco shall pay to Parent the amount of any such Tax Benefit, as
appropriate. 
 (b) Permanent Items. 
 i) Not later than 30 days after any Final Determination is made with respect to any Combined Return for any Tax period for which Parent or any Parent 

  

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Affiliate is the Preparing Party, Parent shall determine the amount of any Tax Detriment or Tax Benefit attributable to the adjustment of any permanent Tax
Items reported (or required to be reported) on such Combined Return. If, and to the extent, the amount of any such Tax Detriment or Tax Benefit so determined relates to an adjustment of Income Taxes that constitute a Spinco Separate Tax Liability,
then not later than 45 days after such Final Determination is made, Spinco shall pay to Parent the amount of any such Tax Detriment, or Parent shall pay to Spinco the amount of any such Tax Benefit, as appropriate. 
 ii) Not later than 30 days after any Final Determination is made with respect to any Combined Return for any Tax period for which Spinco
or any Spinco Affiliate is the Preparing Party, Spinco shall determine the amount of any Tax Detriment or Tax Benefit attributable to the adjustment of any permanent Tax Items reported (or required to be reported) on such Combined Return. If, and to
the extent, the amount of any such Tax Detriment or Tax Benefit so determined relates to an adjustment of Income Taxes that do not constitute a Spinco Separate Tax Liability, then not later than 45 days after such Final Determination is made, Parent
shall pay to Spinco the amount of any such Tax Detriment, or Spinco shall pay to Parent the amount of any such Tax Benefit, as appropriate. 
 iii) A Party shall be required to make payment under this Section 2.7(b) only to the extent the cumulative amount of all payments otherwise required to be made by such Party under Sections 2.7(b)(i) and
2.7(b)(ii), net of the cumulative amount of all payments such Party is otherwise entitled to receive from the other Party under Sections 2.7(b)(i) and 2.7(b)(ii), exceeds the greater of a) $2,000,000 or, b) the sum of $2,000,000 and the net amount
(after the application of Section 2.7(b)(iv) below) of all payments previously made by such Party under this Section 2.7(b). 
 iv) If subsequent to the time a Party makes a payment under this Section 2.7(b), a Final Determination is made with respect to any Combined Return which would have had the effect of reducing the required amount
of such payment if such Final Determination were made prior to such payment, then the other Party which received such payment shall make a payment to such Party in an amount equal to such reduction. 
 (c) Calculation. 
 i) For
purposes of Section 2.7, the Parties agree that the extent to which any Tax Detriment or Tax Benefit is treated as being attributable to either a permanent adjustment or a temporary adjustment shall be made in a manner consistent with past
historical practice of the Parent Consolidated Group. 
 ii) For purposes of determining any amount due under this
Section 2.7, any foreign Taxes shall be translated into U.S. dollars using the same exchange rate as is used for purposes of translating the income statement of the relevant entity for the month in which the Tax is assessed. 
  

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 iii) Any Tax Detriment or Tax Benefit determined under this Section 2.7 shall be
calculated by applying the applicable corporate Income Tax rate in effect for the relevant Tax period in the relevant jurisdiction. 
 2.8
Tax Refunds. Except as provided in Section 2.9 and subject to the limitations set forth in Section 2.7: 
 (a)
Parent shall be entitled to all refunds (including refunds paid by means of a credit against other or future Tax liabilities) and credits with respect to any Tax for which Parent is responsible under Section 2.1. Spinco shall be entitled to all
refunds (including refunds paid by means of a credit against other or future Tax liabilities) and credits with respect to any Tax for which Spinco is responsible under Section 2.1. 
 (b) Spinco and Parent shall each forward to the other party, or reimburse such other party for, any refunds received by the first party and due to such
other party pursuant to this Section 2.8. Where a refund is received in the form of a credit against other or future Tax liabilities, reimbursement with respect to such refund shall be due in each case on the due date for payment of the Tax
against which such refund has been credited. All payments made pursuant to this Section 2.8 shall describe in reasonable detail the basis for the calculation of the amount being paid. 
 (c) If one party reasonably so requests, the other party (at the first party’s expense) shall file for and pursue any refund to which the first
party is entitled under this Section; provided that the other party need not pursue any refund on behalf of the first party unless the first party provides the other party a certification by an appropriate officer of the first party setting
forth the first party’s belief (together with supporting analysis) that the Tax treatment of the Tax Items on which the entitlement to such refund is based is more likely than not correct, and is not a Tax Item arising from a Reportable
Transaction. 
 (d) If the other party pays any amount to the first party under this Section 2.8 and, as a result of a subsequent Final
Determination, the first party is not entitled to some or all of such amount, the other party shall notify the first party of the amount to be repaid to the other party, and the first party shall then repay such amount to the other party, together
with any interest, fines, additions to Tax, penalties or any additional amounts imposed by a Taxing Authority relating thereto. 
 2.9
Carrybacks. 
 (a) Notwithstanding anything in this Agreement, Spinco shall file (or cause to be filed) on a timely basis any
available election to waive the carryback of net operating losses, Tax credits or other Tax Items by Spinco or any Affiliate from a Post-Distribution Tax Period to a Straddle Period or Pre-Distribution Tax Period. Such elections shall include, but
not be limited to, the election described in Treasury Regulation Section 1.1502-21(b)(3)(ii)(B), and any analogous election under state, local, or foreign Income Tax laws, to waive the carryback of net operating losses for federal Income Tax
purposes. 
 (b) If, notwithstanding the provisions of Section 2.9(a), Spinco is required to carryback losses or credits, Spinco shall
be entitled to any refund of any Tax obtained by Parent 

  

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or a Parent Affiliate as a result of the carryback of losses or credits of Spinco or its Affiliate from any Post-Distribution Tax Period to any
Pre-Distribution Tax Period. Such refund is limited to the net amount received by Parent or a Parent Affiliate (by refund, offset against other Taxes, or otherwise), net of any Tax Detriment incurred by Parent or such Affiliate resulting from such
refund. Upon request by Spinco, Parent shall advise Spinco of an estimate of any Tax Detriment Parent projects will be associated with any carryback of losses or credits of Spinco or its Affiliates as provided in this Section 2.9(b).

 (c) If Spinco has a Tax Item that must be carried back to any Pre-Distribution Tax Period, Spinco shall notify in writing Parent that such
Tax Item must be carried back. Such notification shall include a description in reasonable detail of the ground for the refund and the amount thereof, and a certification by an appropriate officer of Spinco setting forth Spinco’s belief
(together with supporting analysis) that the Tax treatment of such Tax Item is more likely than not correct, and is not a Tax Item arising from a Reportable Transaction. 
 (d) If Parent pays any amount to Spinco under Section 2.9(b) and, as a result of a subsequent Final Determination, Spinco is not entitled to some or all of such amount, Parent shall notify Spinco of the amount to
be repaid to Parent, and Spinco shall then repay such amount to Parent, together with any interest, fines, additions to Tax, penalties or any additional amounts imposed by a Taxing Authority relating thereto. 
 2.10 Timing of Certain Payments. 
 (a) Any payment required to be made pursuant to Article II (other than payments specified in Section 2.5(b), Section 2.6(b), or Section 2.7(c)(ii)) shall be made by the party obligated to make such payment (i) in the
case of a refund of Tax, within fourteen (14) days after receipt (whether by way of payment, credit, or offset against any payments due or otherwise) of such refund or (ii) in the case of a payment of Tax, the later of (x) fourteen
(14) days prior to the due date for payment of such Tax and (y) the delivery of written demand for the payment hereunder to the party obligated to make such payment hereunder. 
 (b) All payments and demands for payment shall be accompanied by a calculation setting forth in reasonable detail the basis for the amount paid or
demanded. 
 2.11 Treatment of Restricted Stock, Stock Options, and Deferred Compensation. 
 (a) To the extent permitted by law, Parent (or the appropriate Parent Affiliate) shall claim all Tax deductions arising by reason of the grant or vesting
of Employee Restricted Stock, and by reason of exercises of Employee Stock Options, at the time such Tax deduction can be claimed, provided that such Employee Restricted Stock or Employee Stock Option is then held by a Parent Employee. To the extent
permitted by law, Spinco (or the appropriate Spinco Affiliate) shall claim all Tax deductions arising by reason of the grant or vesting of Employee Restricted Stock, and by reason of exercises of Employee Stock Options, at the time such Tax
deduction can be claimed, provided that such Employee Restricted Stock or Employee Stock Option is then held by a Spinco Employee. To the extent permitted by law, Spinco (or the appropriate Spinco Affiliate) shall claim all Tax deductions arising by
reason of the payment (or inclusion in income) of compensation the receipt of which was deferred by a Spinco Employee 

  

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prior to the Distribution Date, the payment of which will occur after the Distribution Date, and the obligation to make such payment is assumed by Spinco in
connection with the Contribution and Distribution. 
 (b) The party (or Affiliate thereof) initially claiming the Tax deduction described in
Section 2.11(a) shall withhold applicable Taxes and satisfy applicable Tax reporting obligations with respect to the taxation of the Employee Restricted Stock, Employee Stock Options, or deferred compensation with respect to which the Tax
deduction is claimed. The parties to this Agreement shall cooperate so as to permit the party initially claiming such deduction to discharge any applicable Tax withholding and Tax reporting obligations. 
 2.12 Successor Employer Status. Parent and Spinco shall, to the extent permitted by law, (i) treat Spinco and its Affiliates (as
applicable) as a “successor employer” and Parent and its Affiliates (as applicable) as a “predecessor,” within the meaning of sections 3121(a)(1) and 3306(b)(1) of the Code, with respect to employees of the Spinco Business that
were employed by Spinco and its Affiliates starting on January 1, 2008 for purposes of Taxes imposed under the United States Federal Unemployment Tax Act or the United States Federal Insurance Contributions Act and (ii) cooperate with each
other to avoid the filing of more than one IRS Form W-2 with respect to each such employee for the calendar year in which the Distribution occurs. 
 ARTICLE III 
 TAX RETURNS AND INFORMATION EXCHANGE 
 3.1 Tax Return Preparation Responsibility; Payment of Taxes Shown Thereon. 
 (a) Parent shall prepare and file (i) all Combined Returns in any Combined Jurisdiction for which Parent (or an Affiliate of Parent) is the parent
entity (including, but not limited to, all Tax Returns for the Parent Consolidated Group), (ii) all Parent Separate Tax Returns, and (iii) all Tax Returns pertaining to Other Taxes for which Parent is responsible pursuant to
Section 2.1. 
 (b) Spinco shall prepare and file (i) all Combined Returns in any Combined Jurisdiction for which Spinco (or an
Affiliate of Spinco) is the parent entity, (ii) all Spinco Separate Tax Returns, and (iii) all Tax Returns pertaining to Other Taxes for which Spinco is responsible pursuant to Section 2.1. 
 (c) Parent and its Affiliates shall be responsible for the remitting of payment of any Taxes shown on a Tax Return for which it is responsible for the
preparation and filing thereof pursuant to Section 3.1(a). Spinco and its Affiliates shall be responsible for the payment of any Taxes shown on a Tax Return for which it is responsible for the preparation and filing thereof pursuant to
Section 3.1(b). 
 (d) If Parent remits a Tax payment pursuant to Section 3.1(c), but Spinco is responsible pursuant to Article II
for all or a portion of the Tax shown on the applicable Tax Return, then Spinco shall pay to Parent that portion of the Tax shown on such Tax Return for 

  

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which Spinco is responsible pursuant to Article II. If Spinco remits a Tax payment pursuant to Section 3.1(c), but Parent is responsible pursuant to
Article II for all or a portion of the Tax shown on the applicable Tax Return, then Parent shall pay to Spinco that portion of the Tax shown on such Tax Return for which Parent is responsible pursuant to Article II. Nothing in this
Section 3.1(d) shall affect the allocation of responsibility for Taxes as set forth in Article II. 
 3.2 Review of Tax
Returns. Parent, with respect to those Income Tax Returns prepared by Parent described in Sections 3.1(a)(i), and Spinco, with respect to those Income Tax Returns prepared by Spinco described in Sections 3.1(b)(i) (in each case, the
“Filing Party”, and such other party the “Non-filing Party”) shall prepare and file such Tax Returns in a manner consistent with past Tax reporting practices with respect to the Spinco Business. The Filing Party
shall provide the Non-Filing Party with a draft of each such Income Tax Return at least 15 days prior to the due date for filing thereof. If such draft shows Tax for which the Non-Filing Party is responsible pursuant to this Agreement, the
Non-Filing Party shall have the right to review and approve (which approval shall not be unreasonably withheld) each such Income Tax Return within 7 days following its receipt thereof. The Filing Party and Non-Filing Party shall attempt in good
faith mutually to resolve any disagreements regarding such Income Tax Returns prior to the due date for filing thereof; provided, that the failure to resolve all disagreements prior to such date shall not relieve the Filing Party of its
obligation to file (or cause to be filed) any such Income Tax Return. 
 3.3 Certain Items Related to Tax Return Preparation. 

 (a) Unless otherwise required by a Taxing Authority, the parties hereby agree to prepare and file all Tax Returns, and to take all other
actions, in a manner consistent with this Agreement and the Separation Agreement and, to the extent not inconsistent with this Agreement, the Separation Agreement or applicable law, any Tax Ruling, Ruling Documents, Tax Opinion, or Representation
Letter. All Tax Returns shall be filed on a timely basis (taking into account applicable extensions) by the party responsible for filing such Tax Returns under this Agreement; provided, that if a Tax Return is to be signed by an officer of a
company different from the party responsible for filing such Tax Return, each party hereto shall have (or cause its Affiliate to have) the appropriate officer sign such Tax Return promptly after presentation thereof for signature. 
 (b) Except as otherwise specifically provided for in this Agreement, Parent shall have the exclusive right, in its reasonable discretion, with respect to
any Tax Return for which it is responsible for the filing thereof pursuant to this Agreement, to determine (i) the manner in which such Tax Return shall be prepared and filed, including the accounting methods, positions, conventions and
principles of taxation to be used and the manner in which any Tax Item shall be reported; (ii) whether any extensions may be requested; (iii) the election(s) that will be made by Parent, any Parent Affiliate, Spinco, or any Spinco
Affiliate on such Tax Return; (iv) whether any amended Tax Return(s) shall be filed; (v) whether any claim(s) for refund shall be made; (vi) whether any refund shall be paid by way of refund or credited against any liability for the
related Tax; and (vii) whether to retain outside firms to prepare or review such Tax Returns; provided, that Parent shall (i) prepare all Tax Returns for which it has filing responsibility, to the extent such Tax Returns reflect
activities of the Spinco Business, in a manner consistent with past Tax reporting practices with respect to the Spinco Business, except as required by law or 

  

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regulation, and (ii) indemnify and hold harmless Spinco against any Tax Detriment to the extent such Tax Detriment is directly caused by any
determination by Parent under this Section 3.3(b) which is inconsistent with past practice (if any). 
 (c) Within 10 days after filing
the U.S. federal Income Tax Return for the Parent Consolidated Group for the tax year that includes the Distribution Date, at the written request of Spinco, Parent shall notify Spinco of the net operating loss, net capital loss, charitable
contribution, and credit carryforwards associated with Spinco and each of its Affiliates, and the Tax bases of the assets and liabilities, transferred to Spinco in connection with the Contribution and Distribution. Any changes in such Tax attributes
or Tax bases arising thereafter shall be communicated by Parent to Spinco within 10 days after such change is made or there is a Final Determination of such change. 
 (d) Parent and Spinco agree to take (or refrain from taking) any action reasonably requested by the other that would reasonably be expected to result in a Tax Benefit or avoid a Tax Detriment to the other,
provided that such action does not result in any additional cost not fully compensated for by the requesting party. The parties hereby acknowledge that the preceding sentence is not intended to limit, and therefore shall not apply to, the
rights of the parties with respect to matters otherwise covered by this Agreement. 
 (e) Nothing in this Agreement shall be construed as a
guarantee or representation of the existence or amount of any loss, credit, carryforward, basis or other Tax Item or Tax Asset, whether past, present or future, of Parent, Spinco, or their respective Affiliates. 
 3.4 Tax Information Exchanges and Tax Services. 
 (a) Parent, with respect to those Income Tax Returns prepared by Spinco described in Sections 3.1(b)(i), and Spinco, with respect to those Income Tax Returns prepared by Parent described in Sections 3.1(a)(i) (in each
case, the “Non-preparing Party”, and such other party the “Preparing Party”) shall provide the Preparing Party, no later than 45 days after the Distribution Date, a Tax Package for the purpose of preparing such Tax
Return. The Non-preparing Party shall timely furnish to the Preparing Party such additional information and documents as the Preparing Party may reasonably request. The parties acknowledge that such information may include materials regarding
accounting, accounting records, income and expense, costs and cost production, background, research and development, comparables, marketing, suppliers and customers, and other information regarding the Non-preparing Party’s business related to
the Tax treatment of such business. Upon request by the Preparing Party, an appropriate officer of the Non-preparing Party shall provide written certification that, to such officer’s best knowledge and belief, all information provided pursuant
to this Section 3.4 is accurate and complete in all material respects. The Non-preparing Party and its Affiliates shall also make available it employees and officers as the Preparing Party may reasonably request in connection with such Tax
Return preparation by the Preparing Party. The Non-preparing Party shall be responsible for the cost (without reimbursement from the Preparing Party) of furnishing to the Preparing Party the Tax Package, additional information, documents and
employees and officers provided for in this Section 3.4(a). 
  

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 (b) If the Non-Preparing Party fails to provide any information required by Section 3.4(a) within
the time period specified, the Preparing Party (i) shall be permitted, upon 48 hours’ notice, to use its own employees or agents to view or obtain the materials contemplated in Section 3.4(a) from the Non-preparing Party’s
facilities, and (ii) may file the applicable Tax Return based on the information available to the Preparing Party at the time such Tax Return is due. The Non-preparing and its Affiliates shall (i) reimburse the Preparing Party for any
internal or incremental costs incurred by the Preparing Party in having its employees or agents view or obtain such material, and (ii) be responsible for and shall indemnify and hold harmless the Preparing Party and its Affiliates from Taxes or
other costs imposed on the Preparing Party or any of its Affiliates, to the extent resulting from the Non-preparing Party failure to provide such information in a timely manner. 
 ARTICLE IV 
 TAX TREATMENT OF THE DISTRIBUTION 
 4.1 Representations. 
 (a)
Ruling Documents. Spinco hereby represents and warrants that (i) it has examined the Ruling Documents (including, without limitation, the representations to the extent that they relate to the plans, proposals, intentions, and policies of
Spinco, the Spinco Affiliates, or the Spinco Business), and (ii) to the extent in reference to Spinco, the Spinco Affiliates, or the Spinco Business, the facts presented and the representations made therein are true, correct, and complete.

 (b) Tax-Free Status. Spinco hereby represents and warrants that it has no plan or intention of taking any action, or failing or
omitting to take any action, or knows of any circumstance, that could reasonably be expected to (i) cause the Contribution and/or the Distribution not to have Tax-Free Status or (ii) cause any representation or factual statement made in
this Agreement, the Separation Agreement, the Tax Ruling, the Tax Opinion, or the Spinco Representation Letter to be untrue in a manner that would have an adverse effect on the Tax-Free Status of the Contribution and/or the Distribution. 

(c) Plan or Series of Related Transactions. Spinco hereby represents and warrants that, to the knowledge of Spinco and the management of
Spinco, neither the Contribution nor the Distribution are part of a plan (or series of related transactions) pursuant to which a Person will acquire stock representing a fifty-percent or greater interest (within the meaning of Sections 355(d) and
(e) of the Code) in Spinco or any successor to Spinco. 
 4.2 Covenants. 
 (a) Actions Consistent with Representations and Covenants. Spinco shall not (and shall not permit any of its Affiliates or grant or permit any of
its Affiliates to grant implicit or explicit permission to any other person to) take any action, and Spinco shall not (and shall not permit any of its Affiliates or grant or permit any of its Affiliates to grant implicit or explicit permission to
any other person to) fail to take any action, where such action or failure to act would be inconsistent with or cause to be untrue any material, information, covenant, or 

  

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representation in this Agreement, the Separation Agreement, the Tax Ruling, the Ruling Documents (including, without limitation, the representations to the
extent that they relate to the plans, proposals, intentions, and policies of Spinco, the Spinco Affiliates, or the Spinco Business), the Tax Opinion, or the Spinco Representation Letter. 
 (b) Preservation of Tax-Free Status; Spinco Business. Spinco shall not take any action (including, but not limited to, any cessation, transfer or
disposition of all or any portion of the Spinco Business; payment of extraordinary dividends to shareholders; and acquisitions or issuances of stock) or permit any Spinco Affiliate to take any such action, and Spinco shall not fail to take any such
action or permit any Spinco Affiliate to fail to take any such action where such action or failure to act would have an adverse effect on the Tax-Free Status of the Contribution and/or the Distribution. 
 (c) Sales, Issuances and Redemptions of Equity Securities. Until the first day after the Restriction Period, neither Spinco nor any Spinco
Affiliate shall, or shall agree to, sell or otherwise issue to any Person, or redeem or otherwise acquire from any Person, any Equity Securities of Spinco or any Spinco Affiliate; provided, however, that (i) Spinco may repurchase
such Equity Securities to the extent that such repurchases meet the requirements of Section 4.05(1)(b) of Revenue Procedure 96-30 (as in effect prior to its modification by Revenue Procedure 2003-48), (ii) Spinco may issue such Equity
Securities to the extent such issuances satisfy Safe Harbor VIII (relating to acquisitions in connection with a person’s performance of services) or Safe Harbor IX (relating to acquisitions by a retirement plan of an employer) of Treasury
Regulation Section 1.355-7(d), and (iii) Spinco may issue Equity Securities provided that such issuance does not, individually or when aggregated with other issuances and any transactions occurring in the four-year period beginning on the
date which is two years before the Distribution Date, and with any other transaction which is part of a plan or series of related transactions (within the meaning of Section 355(e) of the Code) that includes the Distribution (excluding
issuances of Equity Securities described in clause (ii) above, but including, for the avoidance of doubt, transactions described in Section 4.2(d) below), result in one or more Persons acquiring, directly or indirectly, (as determined
under Section 355(e) of the Code, taking into account applicable constructive ownership rules) stock representing a 25% or greater interest, by vote or value, in Spinco (or any successor thereto). 
 (d) Tender Offers; Other Business Transactions. Until the first day after the Restriction Period, neither Spinco nor any Spinco Affiliate shall
(i) solicit any Person to make a tender offer for, or otherwise acquire or sell, the Equity Securities of Spinco, (ii) participate in or support any unsolicited tender offer for, or other acquisition, issuance or disposition of, the Equity
Securities of Spinco, or (iii) approve or otherwise permit any proposed business combination or merger or any transaction which, in the case of clauses (i), (ii) or (iii), individually or when aggregated with any other transactions
occurring within the four-year period beginning on the date which is two years before the Distribution Date, and with any other transaction which is part of a plan or series of related transactions (within the meaning of Section 355(e) of the
Code) that includes the Distribution (excluding issuances of Equity Securities described in Section 4.2(c)(ii) above, but including, for the avoidance of doubt, issuances of Equity Securities described in Section 4.2(c)(i) and
Section 4.2(c)(iii) above), results in one or more Persons acquiring, directly or indirectly, (as determined under Section 355(e) of the Code, taking into account applicable constructive ownership rules) stock representing a 25% or greater

  

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interest, by vote or value, in Spinco (or any successor thereto). In addition, neither Spinco nor any Spinco Affiliate shall at any time, whether before or
subsequent to the expiration of the Restriction Period, engage in any action described in clauses (i), (ii) or (iii) of the preceding sentence if it is pursuant to an arrangement negotiated (in whole or in part) prior to the first
anniversary of the Distribution, even if at the time of the Distribution or thereafter such action is subject to various conditions. 
 (e)
Dispositions of Assets. Until the first day after the Restriction Period, neither Spinco nor any Spinco Affiliate shall, or shall agree to, sell, transfer, or otherwise dispose of or agree to dispose of assets (including, for such purpose,
any shares of capital stock of a subsidiary and any transaction treated for tax purposes as a sale, transfer or disposition) that, in the aggregate, constitute more than 50% of the consolidated gross assets of Spinco, nor shall Spinco or any Spinco
Affiliate sell, transfer, or otherwise dispose of or agree to dispose of assets (including, for such purpose, any shares of capital stock of a subsidiary and any transaction treated for tax purposes as a sale, transfer or disposition) that, in the
aggregate, constitute more than 50% of the consolidated gross assets of the Spinco Group. The foregoing sentence shall not apply to sales, transfers, or dispositions of assets in the ordinary course of business. The percentages of gross assets or
consolidated gross assets of Spinco or the Spinco Group, as the case may be, sold, transferred, or otherwise disposed of, shall be based on the fair market value of the gross assets of Spinco and the members of the Spinco Group as of the
Distribution Date. For purposes of this Section 4.2(e), a merger of Spinco or one of its subsidiaries with and into any Person (other than Spinco or one of its subsidiaries) shall constitute a disposition of all of the assets of Spinco or such
subsidiary. 
 (f) Liquidations, Mergers, Reorganizations. Until the first day after the Restriction Period, neither Spinco nor its
subsidiaries shall, or shall agree to, voluntarily dissolve or liquidate or engage in any merger (except for a Cash Acquisition Merger), consolidation or other reorganization; provided, however, mergers of direct or indirect
wholly-owned subsidiaries of Spinco solely with and into Spinco or with other direct or indirect wholly-owned subsidiaries of Spinco, and liquidations of Spinco’s subsidiaries, are not subject to this Section 4.2(f) to the extent not
otherwise inconsistent with the Tax-Free Status of the Contribution and the Distribution; provided further that nothing in this Section 4.2(f) shall prohibit any merger involving Spinco or an Spinco Affiliate not otherwise prohibited by
Section 4.2(d). 
 (g) Changes to Voting Rights. Until the first day after the Restriction Period, neither Spinco nor any Spinco
Affiliate shall amend its certificate of incorporation (or other organizational documents), or take any other action, whether through a stockholder vote or otherwise, affecting the relative voting rights of its separate classes of stock (including,
without limitation, through the conversion of one class of stock into another class of stock), but only to the extent such change, if treated as an issuance of Equity Securities, would be prohibited by Section 4.2(c). 
 (h) Permitted Transactions. Notwithstanding the restrictions otherwise imposed by Sections 4.2(c) through 4.2(g), during the Restriction Period,
Spinco may (i) issue Equity Securities of Spinco or any Spinco Affiliate in a transaction that would otherwise breach the covenant set forth in Section 4.2(c), (ii) approve, participate in, support or otherwise permit a proposed
business combination or transaction that would otherwise breach the covenant set forth 

  

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in Section 4.2(d), (iii) sell or otherwise dispose of the assets of the Spinco Group in a transaction that would otherwise breach the covenant set
forth in Section 4.2(e), (iv) merge Spinco or any Spinco Affiliate with another entity without regard to which party is the surviving entity in a transaction that would otherwise breach the covenant set forth in Section 4.2(f), or
(v) take any action affecting the relative voting rights of the separate classes of stock of Spinco or any Spinco Affiliate that would otherwise breach the covenant set forth in Section 4.2(g), if and only if such transaction or action
would not violate Section 4.2(a) or Section 4.2(b) and Section 4.2(i) is satisfied. 
 (i) Supplemental Ruling; Tax
Opinion; Financial Guarantee. Prior to entering into any agreement contemplating a transaction or action described in clauses (i), (ii), (iii), (iv) or (v) of Section 4.2(h) and prior to consummating any such transaction or
action: (A) Spinco shall request that Parent obtain a Supplemental Ruling in accordance with Section 4.3 of this Agreement to the effect that such transaction will not affect the Tax-Free Status of the Contribution and the Distribution and
Parent shall have received such a Supplemental Ruling in form and substance satisfactory to Parent in its sole and absolute discretion or (B) Spinco shall provide Parent with an unqualified Tax Opinion from a nationally recognized independent
tax advisor in form and substance satisfactory to Parent in its sole and absolute discretion (and in determining whether an opinion is satisfactory, Parent may consider, among other factors, the appropriateness of any underlying assumptions and
management’s representations if used as a basis for the opinion) providing that such transaction or action will not affect the Tax-Free Status of the Contribution and the Distribution. In addition, regardless of whether Spinco satisfies the
requirement of this Section 4.2(i)(A) or Section 4.2(i)(B), Spinco shall also deliver to Parent an unconditional letter of credit or other financial guarantee, the form and terms of which (including, but not limited to, face amount,
issuer, expiration date, terms of renewal, and drawdown rights) are acceptable to Parent, in its sole and exclusive judgment. 
 4.3
Supplemental Rulings and Restrictions on Spinco. 
 (a) Supplemental Rulings at Parent Request. Parent shall have the right
to obtain a Supplemental Ruling in its sole and absolute discretion. If Parent determines to obtain a Supplemental Ruling, Spinco shall (and shall cause each Spinco Affiliate to) cooperate with Parent and take any and all actions reasonably
requested by Parent in connection with obtaining the Supplemental Ruling (including, without limitation, by making any representation or covenant or providing any materials or information requested by any Tax Authority; provided that Spinco
shall not be required to make (or cause any Spinco Affiliate to make) any representation or covenant that is inconsistent with historical facts or as to future matters or events over which it has no control). Parent shall reimburse Spinco for all
reasonable costs and expenses incurred by Spinco or its Affiliates in obtaining a Supplemental Ruling requested by Parent within ten (10) Business Days after receiving an invoice from Spinco therefor. In connection with obtaining a Supplemental
Ruling pursuant to this Section 4.3(a), (A) Parent shall keep Spinco informed in a timely manner of all material actions taken or proposed to be taken by Parent in connection therewith; (B) Parent shall (1) reasonably in advance
of the submission of any Supplemental Ruling Request, provide Spinco with a draft copy thereof, (2) reasonably consider Spinco’s comments on such draft copy, and (3) provide Spinco with a final copy of any Supplemental Ruling Request;
and (C) Parent shall provide Spinco with notice reasonably in advance of, and Spinco shall have the right to attend, any formally scheduled meetings with any Tax Authority (subject to the approval of the Tax Authority) that relate to such
Supplemental Ruling. 
  

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 (b) Supplemental Rulings at Spinco’s Request. Parent agrees that at the reasonable request of
Spinco pursuant to Section 4.2(i), Parent shall (and shall cause each Parent Affiliate to) cooperate with Spinco and use its reasonable best efforts to seek to obtain, as expeditiously as possible, a Supplemental Ruling from the IRS for the
purpose of confirming compliance on the part of Spinco or an Spinco Affiliate with its obligations under Section 4.2 of this Agreement. Further, in no event shall Parent be required to file any Supplemental Ruling Request under this
Section 4.3(b) unless Spinco represents that (A) it has reviewed the Supplemental Ruling Documents and (B) all information and representations, if any, relating to Spinco or any Spinco Affiliate, contained in the Supplemental Ruling
Documents are true, correct and complete in all material respects. Spinco shall reimburse Parent for all reasonable costs and expenses incurred by Parent or its Affiliates in obtaining a Supplemental Ruling requested by Spinco within ten
(10) Business Days after receiving an invoice from Parent therefor. Spinco hereby agrees that Parent shall have sole and exclusive control over the process of obtaining a Supplemental Ruling, and that only Parent shall apply for a Supplemental
Ruling. In connection with obtaining a Supplemental Ruling pursuant to this Section 4.3(b), (A) Parent shall keep Spinco informed in a timely manner of all material actions taken or proposed to be taken by Parent in connection therewith;
(B) Parent shall (1) reasonably in advance of the submission of any Supplemental Ruling Request, provide Spinco with a draft copy thereof, (2) reasonably consider Spinco’s comments on such draft copy, and (3) provide Spinco
with a final copy of any Supplemental Ruling Request; and (C) Parent shall provide Spinco with notice reasonably in advance of, and Spinco shall have the right to attend, any formally scheduled meetings with any Tax Authority (subject to the
approval of the Tax Authority) that relate to such Supplemental Ruling. 
 (c) Prohibition on Spinco. Spinco hereby agrees that
neither it nor any Spinco Affiliate shall seek any guidance from the IRS or any other Tax Authority (whether written, verbal or otherwise) concerning the Contribution or the Distribution (or the impact of any transaction on the Contribution or the
Distribution). 
 4.4 Liability for Undertaking Certain Actions. Notwithstanding anything in this Agreement to the contrary,
Spinco shall be responsible for, and shall indemnify and hold harmless Parent and each of its Affiliates from and against any liability for Taxes that are attributable to or result from (i) any act or failure to act by Spinco or any Spinco
Affiliate, which action or failure to act breaches any of the representations or covenants contained in Article IV hereof (without regard to the exceptions or provisos set forth in such provisions), expressly including, for this purpose, any
Permitted Transactions and any act or failure to act that breaches Section 4.2(a) or 4.2(b), regardless of whether such act or failure to act is permitted by Section 4.2(c) through 4.2(g), and (ii) Tax counsel withdrawing all or any
portion of the Tax Opinion or any Tax Authority withdrawing all or any portion of a private letter ruling issued to Parent in connection with the Contribution and/or the Distribution because of a breach by Spinco or any Spinco Affiliate of a
representation made in this Agreement (or made in connection with the Tax Opinion or any Supplemental Ruling contemplated by Section 4.3(e)). 
  

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 4.5 Cooperation. 
 (a) Without limiting the prohibition set forth in Section 4.3(c), until the first day after the Restriction Period, Spinco shall furnish Parent with
a copy of any ruling request that Spinco or any Spinco Affiliate may file with the IRS or any other Tax Authority and any opinion received that in any respect relates to, or otherwise reasonably could be expected to have any effect on, the Tax-Free
Status of any of the Contribution and the Distribution. 
 (b) Parent shall reasonably cooperate with Spinco in connection with any request
by Spinco for an unqualified Tax Opinion pursuant to Section 4.2(i) and shall use its reasonable best efforts to assist Spinco in obtaining an unqualified Tax Opinion pursuant to Section 4.2(i). 
 (c) Until the first day after the Restriction Period, Spinco shall provide adequate advance notice to Parent in accordance with the terms of
Section 4.5(d) of any action described in Sections 4.2(a) through 4.2(g) within a period of time sufficient to enable Parent to seek injunctive relief pursuant to Section 4.6 in a court of competent jurisdiction. 
 (d) Each notice required by Section 4.5(c) shall set forth the terms and conditions of any such proposed transaction, including, without limitation,
(i) the nature of any related action proposed to be taken by the board of directors of Spinco, (ii) the approximate number of Equity Securities (and their voting and economic rights) of Spinco or any Spinco Affiliate (if any) proposed to
be sold or otherwise issued, (iii) the approximate value of Spinco’s assets (or assets of any Spinco Affiliate) proposed to be transferred, and (iv) the proposed timetable for such transaction, all with sufficient particularity to
enable Parent to seek such injunctive relief. Promptly, but in any event within 30 days, after Parent receives such written notice from Spinco, Parent shall notify Spinco in writing of Parent’s decision to seek injunctive relief pursuant to
Section 4.6. 
 (e) From and after the date Parent first requests a Supplemental Ruling pursuant to Section 4.3 until the first day
after the two-year anniversary of such date that Parent receives such Supplemental Ruling (pursuant to Section 4.3(a) or 4.3(b)), neither Spinco nor any Spinco Affiliate shall take (or refrain from taking) any action to the extent that such
action or inaction would have caused a representation given by Spinco in connection with any such request for a Supplemental Ruling to have been untrue as of the relevant representation date, had Spinco or any Spinco Affiliate intended to take (or
refrain from taking) such action on the relevant representation date. 
 4.6 Enforcement. The parties hereto acknowledge that
irreparable harm would occur in the event that any of the provisions of this Article IV were not performed in accordance with their specific terms or were otherwise breached. The parties hereto agree that, in order to preserve the Tax-Free Status of
the Contribution and the Distribution, injunctive relief is appropriate to prevent any violation of the foregoing covenants; provided, however, that injunctive relief shall not be the exclusive legal or equitable remedy for any such
violation. 
  

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 ARTICLE V 
 COOPERATION AND EXCHANGE OF INFORMATION 
 5.1 Cooperation. 
 (a) Notwithstanding anything to the contrary in the Separation Agreement, Parent and Spinco shall cooperate (and shall cause each of their respective
Affiliates to cooperate) fully at such time and to the extent reasonably requested by the other party in connection with the preparation and filing of any Tax Return or the conduct of any audit, dispute, proceeding, suit, or Tax action concerning
any issues or any other matter contemplated hereunder. Such cooperation shall include, without limitation: 
 i) Compliance
with the provisions of Section 3.4; 
 ii) The retention and provision on demand of books, records, documentation,
information, or other materials relating to any Tax Return, or any supplemental information necessary or reasonably helpful to support any position taken therein, until the later of (x) the expiration of the applicable statute of limitation
(giving effect to any extension, waiver, or mitigation thereof) and (y) in the event any claim has been made under this Agreement for which such information is relevant, the occurrence of a Final Determination with respect to such claim;

 iii) Unless otherwise agreed to by the parties, the retention and provision on demand, of any books, records,
documentation, information, or other materials necessary or reasonably helpful in sustaining any position (including, without limitation, any transfer pricing position) taken with any Taxing Authority including, without limitation, materials
regarding accounting, income and expense, costs and cost production, background, research and development, comparables, marketing, suppliers and customers, and other information regarding the Spinco Business related to the Tax treatment of such
business; 
 iv) The retention and provision of additional information with respect to an explanation of the manner in which
any Tax Return or Tax Package was prepared and filed, and any additional information reasonably helpful in explaining the materials provided under clauses (ii) and (iii) of this Section 5.1 until the other party provides written
notice that such material may be destroyed; 
 v) The execution of any document that may be necessary or reasonably helpful in
connection with the filing of any Tax Return by Parent or its Affiliates or Spinco or its Affiliates, or in connection with any audit, proceeding, refund claim, suit, or action for any such Tax Return; and 
 vi) The use of the parties’ reasonable best efforts to obtain any documentation from a governmental authority or a third party that
may be necessary or helpful in connection with the foregoing; 
 Each party shall make its employees and facilities available on a mutually convenient basis,
without cost to the other party, to facilitate such cooperation. In addition, upon 48 hours’ notice, each party shall have the option to use its own employees or agents to view or obtain the materials contemplated in this Section 5.1 from
the other party’s facilities on a mutually convenient basis. 
  

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 (b) Any materials contemplated under Section 5.1(a) and Section 3.4 shall be provided whether
or not such material is or may be confidential or proprietary. If, however, the providing party determines in good faith that any materials are confidential or proprietary, the providing party may require the requesting party to enter into a
confidentiality agreement with respect to such materials, not inconsistent with the purposes for which the party made the request for information. Each party shall be deemed to have satisfied its obligation to hold confidential information
concerning or supplied by the other party if it exercises the same care as it takes to preserve confidentially for its own similar information. 
 (c) Parent shall advise Spinco with respect to any Final Determination of Tax adjustments relating to the Parent Consolidated Group if such Final Determination of Tax adjustments may affect any Tax attribute of any member of the Spinco
Group after the Distribution Date. 
 (d) Notwithstanding anything to the contrary in this Agreement, if a party materially fails to comply
with any of its obligations set forth in this Section 5.1, upon reasonable request and notice by the other party, the non-performing party shall (i) reimburse the other party for any internal or incremental costs incurred by such other
party in having its employees or agents view or obtain such material, and (ii) to the extent such failure results in the imposition of additional Taxes be liable in full for such additional Taxes. 
 5.2 Contest Provisions. 
 (a)
The party responsible for preparation and filing Tax Returns under Section 3.1 (the “Responsible Party”), shall have the exclusive right to control, contest, and represent the interests of Parent, Spinco and their respective
Affiliates in any Tax controversy, including (without limitation) any audit, protest, or claim for refund to the Appeals Division of the IRS, competent authority proceeding and litigation in Tax Court or any other court of competent jurisdiction (a
“Tax Controversy”) related to such Tax Return. Subject to Section 5.2(c) hereof, such exclusive right shall include the right, in the Responsible Party’s reasonable discretion, to resolve, settle or agree to any
deficiency, claim or adjustment proposed, asserted or assessed in connection with or as a result of any such Tax Controversy. Such control rights shall extend to any matter pertaining to the management and control of a Tax Controversy, including
execution of waivers, choice of forum, scheduling of conferences and the resolution of any Tax Item. Any costs incurred in the handling or contesting of a Tax Controversy shall be borne by the Responsible Party. 
 (b) Parent shall use reasonable efforts to keep Spinco advised as to the status of Tax audits and litigation involving any issue that relates to a Tax of
Spinco or any Spinco Affiliate or that could give rise to a liability of Spinco or any Spinco Affiliate under this Agreement, and Spinco shall use reasonable efforts to keep Parent advised as to the status of Tax audits and litigation involving any
issue that related to a Tax of Parent or any Parent Affiliate or could give rise to a liability of Parent or any Parent Affiliate under this Agreement (in each case, a “Liability Issue”). Parent and Spinco shall promptly furnish
each other copies of any inquiries or requests for information from any Taxing Authority or any other administrative, judicial, or other governmental authority concerning any Liability Issue pertaining to the other party. Without limiting the
foregoing, Parent and Spinco, as the case may be, shall each promptly 

  

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furnish to the other within 30 days of receipt a copy of the relevant section of the revenue agent’s report or similar report, notice of proposed
adjustment, or notice of deficiency received by Parent or its Affiliate or by Spinco or its Affiliate, as the case may be, relating to any Liability Issue or any adjustment referred to in this Section 5.2(b). 
 (c) Notwithstanding Section 5.2(a), 
 i) To the extent resolution of any Tax Controversy could give rise to a material Tax Detriment or loss of a material Tax Benefit to the party responsible for such Taxes under Section 2.1 totaling at least
$250,000, but such party is not the Responsible Party, then the Responsible Party shall provide such other party (at such other party’s expense) reasonable participation rights with respect to so much of the Tax Controversy as relates to Taxes
for which such other party may be responsible; and 
 ii) A Responsible Party shall not settle or otherwise voluntarily
resolve or disclose any Tax Controversy which could give rise to a Tax Detriment or loss of a material Tax Benefit to the other party totaling at least $250,000 without such other party’s consent, not to be unreasonably withheld 
 5.3 Information for Shareholders. Parent shall provide each shareholder that receives stock of Spinco pursuant to the Distribution with the
information necessary for such shareholder to comply with the requirements of Section 355 of the Code and the Treasury regulations thereunder with respect to statements that such shareholders must file with their federal income tax returns
demonstrating the applicability of Section 355 to the Distribution. 
 ARTICLE VI 
 DISPUTE RESOLUTION 
 6.1 Dispute
Resolution. The parties desire that friendly collaboration will develop between them. Accordingly, they will try to resolve in an amicable manner all disputes and disagreements connected with their respective rights and obligations under
this Agreement in accordance with Article X of the Separation Agreement; provided, however, that this Section 6.1 shall not apply to any (a) suits seeking injunctive relief or specific performance, or (b) dispute,
controversy, or claim arising under Article IV of this Agreement (including any dispute, controversy, or claim relating to the breach, termination, or validity thereof). 
 ARTICLE VII 
 MISCELLANEOUS 
 7.1 Effectiveness. This Agreement shall become effective on the Distribution Date. 
 7.2 Indemnification for Inaccurate, Incomplete or Untimely Information. 
  

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 (a) Spinco and each Spinco Affiliate shall indemnify and hold harmless Parent and each Parent Affiliate
from and against any liability, cost or expenses, including, without limitation, any fine, penalty, interest, charge or accountant’s fee, arising out of fraudulent or negligent information, workpapers, documents and other items prepared by
Spinco or any Spinco Affiliate used in the preparation of any Tax Return or claim for refund filed by Parent or any Parent Affiliate for any period during which Spinco or any Spinco Affiliate was or has been a member of the Parent Consolidated
Group, or arising out of the untimely provision of information required to provided under this Agreement. 
 (b) Parent and each Parent
Affiliate shall indemnify and hold harmless Spinco and each Spinco Affiliate from and against any liability, cost or expense, including, without limitation, any fine, penalty, interest, charge or accountant’s fee, arising out of fraudulent or
negligent preparation of any Tax Return or claim for refund filed by Parent or a Parent Affiliate for any period during which Spinco or any member of the Spinco Group was or has been a member of the Parent Consolidated Group, or arising out of the
untimely provision of information required to provided under this Agreement. 
 7.3 Breach. Parent shall indemnify and hold
harmless Spinco and each Spinco Affiliate, and Spinco shall indemnify and hold harmless Parent and each Parent Affiliate, from and against any payment required to be made under this Agreement as a result of the breach by Parent (or Parent Affiliate)
or Spinco (or Spinco Affiliate), as the case may be, of any obligation under this Agreement. 
 7.4 Disclaimers. 
 (a) Parent disclaims all knowledge of or responsibility for the content or accuracy of any separate returns or filings made by or on behalf of Spinco or
any Spinco Affiliate for any taxable period during which such company was not a member of the Parent Consolidated Group. 
 (b) Spinco
disclaims all knowledge of or responsibility for the content or accuracy of any Tax Returns or filings made by or on behalf of the Parent Consolidated Group or any member thereof for any period except to the extent such Tax Returns or filings
reflect items of the Spinco Business. 
 7.5 Payments. In the event that one party (the “Owing Party”) is
required to make a payment to another party (the “Owed Party”) pursuant to this Agreement, then to the extent not otherwise provided for in this Agreement, such payment shall be made according to this Section 7.5. 

(a) All payments shall be made to the Owed Party or to the appropriate Taxing Authority as specified by the Owed Party within the time prescribed for
the payment in this Agreement, or if no period is prescribed, within 20 days after delivery of written notice of payment owing together with a computation of the amounts due. 
 (b) Unless otherwise required by any Final Determination, the parties agree that any payment made by one party to another party (other than payments of
interest and payment of After Tax Amounts pursuant to Section 7.5(d)) pursuant to this Agreement shall be 

  

 27 

 
treated for all Tax and financial accounting purposes as payments with respect to stock (dividend distributions or capital contributions, as the case may be)
made immediately prior to the Distribution. 
 (c) All actions required to be taken by any party under this Agreement shall be performed
within the time prescribed for performance in this Agreement, or if no period is prescribed, such actions shall be performed promptly. 
 (d)
If, pursuant to a Final Determination, it is determined that the receipt or accrual of any payment made under this Agreement (other than payments of interest) is subject to any Tax, the party making such payment shall be liable for (i) the
After Tax Amount with respect to such payment, and (ii) interest at the rate described in 7.5(e) on the amount of such tax from the date such Tax is due through the date of payment of such After Tax Amount. A party making a demand for payment
pursuant to this Agreement and for a payment of an After Tax Amount with respect to such payment shall separately specify and compute such After Tax Amount. However, a party may choose not to specify an After Tax Amount in a demand for payment
pursuant to this Agreement without thereby being deemed to have waived its right subsequently to demand an After Tax Amount with respect to such payment. 
 (e) Any payment that is required to be made pursuant to this Agreement (i) by Spinco (or a Spinco Affiliate) to Parent (or a Parent Affiliate) or (ii) by Parent (or a Parent Affiliate) to Spinco (or a Spinco
Affiliate), that is not made on or prior to the date that such payment is required to be made pursuant to this Agreement shall thereafter bear interest at the rate established for underpayments pursuant to Section 6621(a) (2) of the Code.

 (f) Any payment that is required to be made pursuant to this Agreement (i) by Spinco (or a Spinco Affiliate) to Parent (or a Parent
Affiliate) or (ii) by Parent (or a Parent Affiliate) to Spinco (or a Spinco Affiliate), shall be made by wire transfer of immediately available funds, provided that if the amount of any payment is less than $10,000, such payment may be
made in a form other than a wire transfer. 
 7.6 Changes in Law. Any reference to a provision of the Code, Treasury
Regulations, or a law of another jurisdiction shall include a reference to any applicable successor provision or law. If, due to any change in applicable law or regulations or their interpretation by any court of law or other governing body having
jurisdiction subsequent to the date specified in the preamble to this Agreement, performance of any provision of this Agreement or any transaction contemplated hereby shall become impracticable or impossible, the parties hereto shall use their
commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such provision. 
 7.7 Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly given upon receipt) by delivery in
person, by standard form of telecommunications, by courier, or by registered or certified mail, postage prepaid, return receipt requested, addressed as follows: 
  

			
	If to Parent, at:	 	
		
		 	 FMC Technologies, Inc.
 1803 Gears Road
 Houston, Texas 77067
 Attention: General Counsel
 Fax: (281) 591-4102

  

 28 

			
	If to Spinco, at:	 	
		
		 	 John Bean Technologies Corporation
 200 E. Randolph Dr.

 Chicago, IL 60601
 Attention: General
Counsel

 or to such other address as any party hereto may have furnished to the other parties by a notice in writing in
accordance with this Section 7.7. 
 7.8 Complete Agreement; Corporate Power. 
 (a) This Agreement, the Exhibits and Schedules hereto, the Separation Agreement, and the Ancillary Agreements shall constitute the entire agreement
between the parties hereto with respect to the subject matter hereof and shall supersede all previous negotiations, commitments and writings with respect to such subject matter. 
 (b) Parent represents on behalf of itself and each of its Affiliates and Spinco represents on behalf of itself and each of it Affiliates as follows:

 i) each such Person has the requisite corporate or other power and authority and has taken all corporate or other action
necessary in order to execute, deliver and perform each of this Agreement and each other Ancillary Agreement to which it is a party and to complete the transactions contemplated hereby and thereby; and 
 ii) this Agreement, the Separation Agreement, and each Ancillary Agreement to which it is a party has been duly executed and delivered by
it and constitutes a valid and binding agreement of it enforceable in accordance with the terms thereof. 
 7.9 Governing Law.
This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware (other than the laws regarding choice of laws and conflicts of laws that would apply the substantive laws of any other jurisdiction) as to all
matters, including matters of validity, construction, effect, performance and remedies. 
 7.10 Successors and Assigns. This
Agreement and all of the provisions hereof shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns, but neither this Agreement nor any of the rights, interests and obligations hereunder shall be
assigned by any Party without the prior written consent of the other party or except in connection with a merger or similar business combination involving a party if the successor under applicable law expressly assumes all rights and obligations of
such party hereunder and under each Ancillary Agreement as if it were such party. Except for the provisions of Sections 4.2 and 4.3 

  

 29 

 
relating to indemnities, which are also for the benefit of the indemnitees, this Agreement is solely for the benefit of the parties hereto and their
subsidiaries and affiliates and is not intended to confer upon any other Persons any rights or remedies hereunder. 
 7.11 Joint and
Several Liability. Spinco and each Spinco Affiliate shall have joint and several liability for any obligation of Spinco or a Spinco Affiliate arising pursuant to this Agreement. Parent and each Parent Affiliate shall have joint and several
liability for any obligation of Parent or a Parent Affiliate arising pursuant to this Agreement. 
 7.12 Parties in Interest.
Nothing in this Agreement, express or implied, is intended to confer on any Person other than the parties, their respective Affiliates, and their respective successors and permitted assigns, any rights or remedies of any nature whatsoever under or
by virtue of this Agreement. 
 7.13 Legal Enforceability; Waiver of Default. 
 (a) Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent
of the prohibition or unenforceability without invalidating the remaining provisions. Any prohibition or unenforceability of any provision of this Agreement in any jurisdiction shall not invalidate or render unenforceable the provision in any other
jurisdiction. 
 (b) Waiver by either party of any default by the other party of any provision of this Agreement shall not be deemed a waiver
by the waiving party of any subsequent or other default, nor shall it prejudice the rights of the other party. 
 7.14 Action by
Affiliates. To the extent Spinco is obligated to take any action under this Agreement, and such action is more properly taken by a Spinco Affiliate, then Spinco shall cause such Affiliate to take such action. To the extent Spinco is
obligated to refrain from taking any action under this Agreement, Spinco shall cause each of its Affiliates to refrain from taking such action. Parent shall be subject to similar rules regarding actions to be taken, or to be refrained from being
taken, by it and its Affiliates. 
 7.15 Expenses. Unless otherwise expressly provided in this Agreement, each party shall bear
any and all expenses that arise from their respective obligations under this Agreement. 
 7.16 Confidentiality. 
 (a) Each party shall hold and cause its consultants and advisors to hold in strict confidence, unless compelled to disclose by judicial or administrative
process or, in the opinion of its counsel, by other requirements of law, all information written or oral concerning the other parties hereto furnished it by such other party or its representatives pursuant to this Agreement (except to the extent
that such information can be shown to have been (a) previously known by the party to which it was furnished, (b) in the public domain through no fault of such party, or (c) later lawfully acquired from other sources by the party to
which it was furnished), and each party shall not release or disclose such information to any other person, except its auditors, attorneys, financial advisors, bankers and other consultants and advisors who shall be advised of the provisions of this
Section 7.16. Each party shall be deemed to have satisfied its obligation to hold confidential information concerning or supplied by the other party if its exercises the same care as it takes to preserve confidentiality for its own similar
information. 
  

 30 

 (b) Notwithstanding Section 7.16(a), the provisions regarding confidentiality set forth in
Section 5.1 shall govern information required to be provided pursuant to Sections 3.4 and 5.1. 
 7.17 Amendments and
Modification. This Agreement may be amended, modified or supplemented only by a written agreement signed by all of the parties hereto. 
 7.18 No Implied Waivers; Cumulative Remedies; Writing Required. No delay or failure in exercising any right, power or remedy hereunder shall affect or operate as a waiver thereof; nor shall any single or partial exercise
thereof or any abandonment or discontinuance of steps to enforce such a right, power or remedy preclude any further exercise thereof or of any other right, power or remedy. The rights and remedies hereunder are cumulative and not exclusive of any
rights or remedies that any party hereto would otherwise have. Any waiver, permit, consent or approval of any kind or character of any breach or default under this Agreement or any such waiver of any provision of this Agreement must satisfy the
conditions set forth in Section 7.17 and shall be effective only to the extent in such writing specifically set forth. 
 7.19
Limitation on Damages. Each party irrevocably waives, and no party shall be entitled to seek or receive, consequential, special, indirect or incidental damages (including without limitation damages for loss of profits) or punitive
damages, regardless of how such damages were caused and regardless of the theory of liability; provided that the foregoing shall not limit each party’s indemnification obligations set forth in the Separation Agreement and the Ancillary
Agreements 
 7.20 Severability. If any provision of this Agreement or the application thereof to any person or circumstance is
determined by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions hereof, or the application of such provision to persons or circumstances other than those as to which it has been held invalid or
unenforceable, shall remain in full force and effect and shall in no way be affected, impaired or invalidated thereby, so long as the economic or legal substance of the transactions contemplated hereby is not affected in any manner adverse to any
party. 
 7.21 Specific Performance In the event of any actual or threatened default in, or breach of, any of the terms,
conditions and provisions of this Agreement or any Ancillary Agreement, the party or parties who are or are to be thereby aggrieved shall have the right to specific performance and injunctive or other equitable relief of its rights under this
Agreement or such Ancillary Agreement, in addition to any and all other rights and remedies at law or in equity, and all such rights and remedies shall be cumulative. The parties agree that the remedies at law for any breach or threatened breach,
including monetary damages, are inadequate compensation for any loss and that any defense in any action for specific performance that a remedy at law would be adequate is waived. Any requirements for the securing or posting of any bond with such
remedy are waived. Each Party hereby submits to the exclusive jurisdiction of Delaware for purposes of all legal proceedings for equitable relief arising out of or relating to 

  

 31 

 
this Agreement or the transactions contemplated hereby. Each Party irrevocably waives, to the fullest extent permitted by Law, any objection which it may now
or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum. EACH PARTY WAIVES THE RIGHT TO A TRIAL BY JURY IN
ANY DISPUTE IN CONNECTION WITH OR RELATING TO THIS AGREEMENT, ANY ANCILLARY AGREEMENT OR ANY MATTERS DESCRIBED OR CONTEMPLATED IN THIS AGREEMENT OR ANY ANCILLARY AGREEMENT, AND AGREES TO TAKE ANY AND ALL ACTION NECESSARY OR APPROPRIATE TO EFFECT
SUCH WAIVER. 
 7.22 Construction. The descriptive headings herein are inserted for convenience of reference only and are not
intended to be a substantive part of or to affect the meaning or interpretation of this Agreement. Whenever required by the context, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the
singular forms of nouns, pronouns, and verbs shall include the plural and vice versa. Reference to any agreement, document, or instrument means such agreement, document, or instrument as amended or otherwise modified from time to time in accordance
with the terms thereof, and if applicable hereof. The use of the words “include” or “including” in this Agreement shall be by way of example rather than by limitation. The use of the words “or,” “either” or
“any” shall not be exclusive. The parties have participated jointly in the negotiation and drafting of this Agreement, the Separation Agreement, and the Ancillary Agreements. In the event an ambiguity or question of intent or
interpretation arises, this Agreement shall be construed as if drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this
Agreement. The parties agree that prior drafts of this Agreement shall be deemed not to provide any evidence as to the meaning of any provision hereof or the intent of the parties hereto with respect hereto. 
 7.23 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument. 
 7.24 Delivery by Facsimile and Other Electronic Means. This Agreement, and any
amendments hereto, to the extent signed and delivered by means of a facsimile machine or other electronic transmission, shall be treated in all manner and respects as an original contract and shall be considered to have the same binding legal
effects as if it were the original signed version thereof delivered in person. At the request of any party, each other party shall re-execute original forms thereof and deliver them to all other parties. No party shall raise the use of a facsimile
machine or other electronic means to deliver a signature or the fact that any signature was transmitted or communicated through the use of facsimile machine or other electronic means as a defense to the formation of a contract and each such party
forever waives any such defense. 
 7.25 Consent by Affiliates. Each of Parent and Spinco shall cause each of its respective
Affiliates (including any entity that becomes an Affiliate after the date hereof) to consent to, and be bound by, the terms, conditions, covenants, and provisions of this Agreement. 
  

 32 

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

  

			
	 FMC Technologies, Inc.

		
	By:	 	 /s/ William H. Schumann, III

	Title:	 	Executive Vice President and Chief Financial Officer
	
	 John Bean Technologies Corporation

		
	By:	 	 /s/ Ronald D. Mambu

	Title:	 	Vice President, Chief Financial Officer, Treasurer and Controller

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