Document:

EX-10.1

 Exhibit 10.1 

 

					
	 MERRILL LYNCH, PIERCE,
 FENNER & SMITH
 INCORPORATED

BANK OF AMERICA, N.A.
 One Bryant Park
 New York, New York 10036
	  	 JPMORGAN CHASE BANK,
 N.A.
 J.P. MORGAN SECURITIES

LLC
 383 Madison
Avenue
New York, New York 10179
	  	BARCLAYS BANK PLC
745 Seventh Avenue
5th Floor
New York, New York 10019

 August 24, 2013 
 Amgen Inc. 
 One Amgen Center Drive 
 Thousand Oaks, CA 91320-1799 
 Attention: Chief Financial Officer 

Project Nike 
 Commitment Letter 
 Ladies and Gentlemen: 

You have advised Bank of America, N.A. (“Bank of America”), Merrill Lynch, Pierce, Fenner &
Smith Incorporated, JPMorgan Chase Bank, N.A. (“JPMCB”), J.P. Morgan Securities LLC (“JPMorgan”) and Barclays Bank PLC (“Barclays”, together with Bank of America, Merrill Lynch,
Pierce, Fenner & Smith Incorporated, JPMCB and JPMorgan, the “Commitment Parties”, “we” or “us”) that you ( the “Borrower”), intend to acquire
(the “Acquisition”) a company previously identified to us and referred to as “Nike” (the “Acquired Business”). The Acquisition will be effected by the purchase by a subsidiary of the Borrower
of all of the outstanding equity of the Acquired Business, and the merger of the Acquired Business into such subsidiary after which the Acquired Business will be a wholly-owned subsidiary of the Borrower. The Borrower, the Acquired Business and
their respective subsidiaries are sometimes collectively referred to herein as the “Companies”. 
 You have also advised us that you intend to finance the Acquisition and the costs and expenses related to the Transaction from the following sources (and that no financing other than the
financing described herein and drawings under the Credit Agreement among the Borrower, the lenders party thereto and Citibank, N.A., as administrative agent, dated as of December 2, 2011 (as amended from time to time, the “Existing
Credit Agreement”) will be required in connection with the Transaction): (a) at least $1.5 billion of cash on hand of the Borrower, (b) at least $500.0 million of cash on hand of the Acquired Business (subject to confirmatory
diligence), (c) up to $4.0 billion in proceeds from a structured term financing arrangement involving the preferred stock owned by the Borrower in ATL Holdings Limited (the “Term Financing”), (d) up to $500 million
in senior unsecured loans (the “Bridge A Facility”), and (e) an up to $5.0 billion senior unsecured term loan facility of the Borrower (the “Term Loan Facility”) (which may, at the Borrower’s
election be replaced in whole or part by gross proceeds from the issuance and sale by the Borrower of senior unsecured notes (the “Notes”) or, to the extent that the Term Loan Facility is not syndicated or the Notes are not
issued and sold on or prior to the date of consummation of the Acquisition, up to $5.0 billion in senior unsecured loans (the “Bridge B Facility”, together with the Bridge A Facility, the “Bridge
Facilities”; the Bridge Facilities together with the Term Loan  

  
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Facility, the “Facilities”) made available to the Borrower as interim financing to the Term Loan Facility or other permanent financing. The Acquisition, the entering into
and funding of the Term Loan Facility and/or the issuance and sale of the Notes or the entering into and funding of the Bridge Facilities and all related transactions are hereinafter collectively referred to as the
“Transaction.” The date of consummation of the Acquisition is referred to herein as the “Closing Date.” The date that this Commitment Letter is accepted by the Borrower is referred to herein as the
“Commitment Date.” 
 1. Commitments. In connection with the foregoing, (a)(i) Bank of America is
pleased to advise you of its commitment to provide $550.0 million of the Term Loan Facility, (ii) JPMCB is pleased to advise you of its commitment to provide $550.0 million of the Term Loan Facility, (iii) Barclays is pleased to advise you
of its commitment to provide $550.0 million of the Term Loan Facility (together with Bank of America and JPMCB, the “Initial Term Lenders”) and (iv) Bank of America is pleased to advise you of its willingness to act as
the sole and exclusive administrative agent (in such capacity, the “Term Administrative Agent”) for the Term Loan Facility, all upon and subject to the terms and conditions set forth in this letter and in Annexes II and III
hereto (collectively, the “Term Financing Summary of Terms”), (b) Merrill Lynch, Pierce, Fenner & Smith Incorporated (or any of its affiliates designated to act in such capacity,
“MLPFS”), JPMorgan and Barclays are pleased to advise you of their willingness, and you hereby engage MLPFS, JPMorgan and Barclays, to act as the joint lead arrangers and joint bookrunning managers (in such capacity, the
“Term Lead Arrangers”) for the Term Loan Facility, and in connection therewith to form a syndicate of lenders for the Term Loan Facility (collectively, the “Term Lenders”) in consultation with you,
including Bank of America, (c)(i) Bank of America is pleased to advise you of its commitment to provide 60% of each of the Bridge Facilities, (ii) JPMCB is pleased to advise you of its commitment to provide 25% of each of the Bridge Facilities,
(iii) Barclays is pleased to advise you of its commitment to provide 15% of each of the Bridge Facilities (together with Bank of America and JPMCB, the “Initial Bridge Lenders” and, together with the Initial Term
Lenders, the “Initial Lenders”) and (iv) Bank of America is pleased to inform you of its willingness to act as the sole and exclusive administrative agent (in such capacity, the “Bridge Administrative
Agent” and, together with the Term Administrative Agent, each, an “Administrative Agent” and together, the “Administrative Agents”) for the Bridge Facilities, all upon and subject to the
terms and conditions set forth in this letter and in Annexes I and III hereto (collectively, the “Bridge Summary of Terms” and, together with the Term Financing Summary of Terms, the “Summaries of
Terms” and, together with this letter agreement, the “Commitment Letter”) and (d) MLPFS, JPMorgan and Barclays are also pleased to advise you of their willingness, and you hereby engage MLPFS, JPMorgan and
Barclays, to act as the joint lead arrangers and joint bookrunning managers (in such capacity, the “Bridge Lead Arrangers”; MLPFS, JPMorgan and Barclays acting in their capacity as Term Lead Arrangers and as Bridge Lead
Arrangers are sometimes referred to herein as the “Lead Arrangers”) for the Bridge Facilities, and in connection therewith to form a syndicate of lenders for the Bridge Facilities (collectively, the “Bridge
Lenders” and, together with the Term Lenders, the “Lenders”) in consultation with you, including Bank of America. You shall have the right, at any time until 15 days after the date of this Commitment Letter and
the Fee Letter referred to below are executed and delivered by you, to appoint up to three additional Lenders reasonably acceptable to the Lead Arrangers as lead arrangers in respect of the Term Loan Facility (the “Additional Initial Term
Lenders”). The Initial Term Lenders’ commitments (and any commitment held by any and all lenders to which the Initial Term Lenders assign a portion of their commitments in accordance with the terms hereof prior to the execution of
such documentation) with respect to the Term Loan Facility shall not be reduced in connection with the establishment of commitments by the Additional Initial Term Lenders upon the execution by such Additional Initial Term Lenders of such
documentation, except as set forth in Section 2(b) below. It is understood and agreed that Bank of America and MLPFS will have “lead left” placement on all marketing materials relating to the Facilities and will perform the duties and
exercise the authority customarily performed and exercised by them in such role. All capitalized terms used and not otherwise defined herein shall have the same meanings as specified therefor in the Summaries of Terms. 

  
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 2. Syndication. The Lead Arrangers intend to commence syndication of the Facilities
promptly after your acceptance of the terms of this Commitment Letter and the Fee Letter (as hereinafter defined), and the several commitments of the Commitment Parties hereunder shall be reduced (a) in respect of the Bridge B Facility, the
aggregate commitments of the Lead Arrangers shall be reduced on a dollar for dollar basis when corresponding commitments are received from Bridge Lenders, such reduction to be allocated as follows: 92.8571% of each dollar to Bank of America and
7.1429% of each dollar to JPMorgan until a Successful Syndication (as defined in the Fee Letter) is achieved and on a pro-rata basis to all Initial Lenders thereafter, and (b) in respect of the Term Loan Facility, as determined by the Lead
Arrangers after full subscription of $5.0 billion of commitments in respect of the Term Loan Facility, upon allocation of the commitments thereunder, in each case pursuant to an amendment or amendment and restatement of, or customary joinder to,
this Commitment Letter (any such amendment, amendment and restatement or joinder, a “Joinder”) or pursuant to the Credit Documentation, whichever is earlier. The parties agree to cooperate in good faith to execute and deliver
Joinders promptly upon prospective lenders’ being identified, and, except in the case of prospective lenders specifically identified in Schedule A to the Fee Letter, as to which such acceptance is hereby acknowledged and granted, accepted by
the Borrower, such acceptance not to be unreasonably withheld or delayed. With respect to any syndication, assignment or participation other than through a Joinder or pursuant to the Credit Documentation, the Initial Lenders and the Additional
Initial Term Lenders shall not be relieved, released or novated from their respective obligations hereunder until the funding on the Closing Date has occurred (but without limiting the Borrower’s acceptance of and obligation to execute and
deliver Joinders as set forth in the preceding sentence). Until the earlier of (x) the date that a Successful Syndication is achieved and (y) in the event that no portion of the Bridge B Facility is funded on the Closing Date, the Closing
Date, or, if otherwise, the date that is 60 days after the Closing Date (such earlier date, the “Syndication Date”), you agree to assist, and to use your commercially reasonable efforts to cause the Acquired Business and its
subsidiaries to assist, but in all instances subject to, and not in contravention of, the terms of the Acquisition Agreement, the Lead Arrangers in achieving a syndication of each such Facility that is satisfactory to the Lead Arrangers. Such
assistance shall include (a) your providing and causing your advisors to provide, and using your commercially reasonable efforts to cause the Acquired Business, its subsidiaries and its advisors (consistent with the terms of the Acquisition
Agreement) to provide, the Lead Arrangers and the Lenders upon request with all information reasonably deemed necessary by the Lead Arrangers to complete such syndication, including, but not limited to, information and evaluations prepared by you,
the Acquired Business and your and its advisors, or on your or its behalf, relating to the Transaction (including the Projections (as hereinafter defined)), (b) your using commercially reasonable efforts to assist the Lead Arrangers in the
preparation, within 30 days of the date hereof, of an information memorandum with respect to the applicable Facilities in form and substance customary for transactions of this type (each, an “Information Memorandum”) and
other materials to be used in connection with the syndication of each such Facility (collectively with the Summaries of Terms and any additional summary of terms prepared for distribution to Public Lenders (as hereinafter defined), the
“Information Materials”), (c) your using your commercially reasonable efforts to ensure that the syndication efforts of the Lead Arrangers benefit materially from your existing lending relationships and the existing
banking relationships of the Acquired Business, (d) your otherwise assisting the Lead Arrangers in their syndication efforts, including by making your officers and advisors, and using your commercially reasonable efforts to make the officers
and advisors of the Acquired Business (consistent with the terms of the Acquisition Agreement), reasonably available from time to time to attend and make presentations regarding the business and prospects of the Companies and the Transaction at one
or more meetings of prospective Lenders at times and locations mutually agreed upon and (e) using your commercially reasonable efforts to ensure that prior to the Closing Date there will be no competing issues of debt securities or bank credit
financing (other than the Term Loan Facility, the Bridge Facilities, the Notes, the Term Financing and additional loans and commitments under the Existing Credit Agreement as may be amended prior to the Closing Date) by or on behalf of you, the
Acquired Business or any of your or its subsidiaries being offered, placed or arranged that could reasonably be expected to materially impair the syndication of the Facilities (it being understood that any

  
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commercial paper issuances and any indebtedness permitted under the Acquisition Agreement as in effect on the date hereof shall not be subject to this clause (e)). Notwithstanding anything to the
contrary contained in this Commitment Letter, the Fee Letters or any other letter agreement or other undertaking concerning the financing of the Transaction contemplated hereby, but without limiting your obligations to assist with syndication
efforts as set forth herein, it is understood that in no event shall the successful completion of syndication of the Facilities or the receipt of any ratings constitute a condition to the availability or initial funding of the Facilities on the
Closing Date. 
 It is understood and agreed that the Lead Arrangers will manage and control all aspects of the syndication of
the Facilities in consultation with you, including decisions as to the selection of prospective Lenders and any titles offered to proposed Lenders, when commitments will be accepted and the final allocations of the commitments among the Lenders and,
with your consent (not to be unreasonably withheld), any titles or roles offered to prospective Lenders. It is understood that no Lender participating in the Facilities will receive compensation from you in order to obtain its commitment, except on
the terms contained herein, in the Summaries of Terms, and in the Fee Letter. It is also understood and agreed that the amount and distribution of the fees among the Lenders will be at the reasonable discretion of the Lead Arrangers in consultation
with you. 
 3. Information Requirements. You hereby represent, warrant and covenant that (a) all written
information, other than Projections (as defined below) and information of a general economic or general industry nature, that has been or is hereafter made available to the Lead Arrangers, the Initial Lenders or any of the Additional Initial Term
Lenders by or on behalf of you or any of your representatives, taken as a whole, or by or on behalf of the Acquired Business or any of its representatives, taken as a whole, in connection with any aspect of the Transaction (the
“Information”) is and will be, when furnished and taken as a whole, complete and correct in all material respects and does not and will not contain any untrue statement of a material fact or omit to state a material fact
necessary to make the statements contained therein not misleading (in each case after giving effect to all supplements and updates provided thereto) and (b) all financial projections concerning the Companies that have been or are hereafter made
available to the Lead Arrangers, the Initial Lenders or any of the Additional Initial Term Lenders by or on behalf of you or any of your representatives or by or on behalf of the Acquired Business or its representatives (the
“Projections”) have been or will be prepared in good faith based upon reasonable assumptions that are believed by the preparer thereof to be reasonable at the time made and at the time such projections are delivered to the
Lead Arrangers; it being understood and agreed that such Projections are not to be viewed as facts and that actual results during the period or periods covered by any such Projections may differ significantly from the projected results, and no
assurance can be given that the projected results will be realized. You agree that, if at any time prior to the later of the Closing Date and the Syndication Date, you become aware that any of the representations and warranties in the preceding
sentence would be incorrect in any respect if the Information and Projections were being furnished, and such representations were being made, at such time, then you will promptly supplement the Information and the Projections so that such
representations and warranties will be correct at such time. Solely as they relate to matters with respect to the Acquired Business and its subsidiaries, the foregoing representations, warranties and covenants are made to your actual knowledge. In
issuing this commitment and in arranging and syndicating each of the Facilities, the Commitment Parties are and will be using and relying on the Information and the Projections without independent verification thereof. 

You acknowledge that the Commitment Parties on your behalf will make available Information Materials (as hereinafter defined) to the
proposed syndicate of Lenders by posting the Information, the Projections, the Summaries of Terms and any additional summary of terms prepared for distribution to Public Lenders (as hereinafter defined) (collectively, the “Information
Materials”) on SyndTrak or another similar electronic system. In connection with the syndication of the Facilities, unless the parties hereto otherwise agree in writing, you shall be under no obligation to provide Information Materials

  
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suitable for distribution to any prospective Lender (each, a “Public Lender”) that has personnel who do not wish to receive material non-public information (within the
meaning of the United States federal securities laws, “MNPI”) with respect to the Companies, their respective affiliates or any other entity, or the respective securities of any of the foregoing. You agree, however, that the
Credit Documentation will contain provisions concerning Information Materials to be provided to Public Lenders and the absence of MNPI therefrom that are customary for credit facilities of this size and type. Prior to distribution of Information
Materials to prospective Lenders, you shall provide us with a customary letter authorizing the dissemination thereof. 

4. Fees and Indemnities.  
 (a) You agree to pay the fees set forth in the separate fee letter addressed to you dated the date hereof from the Commitment Parties (the “Fee Letter”) and the
separate fee letter addressed to you dated the date hereof from Bank of America (the “Administrative Fee Letter” and together with the Fee Letter, the “Fee Letters”). You also agree to reimburse the
Commitment Parties for all reasonable and documented out-of-pocket fees and expenses (including, but not limited to, the reasonable fees, disbursements and other charges of Shearman & Sterling LLP, as counsel to the Lead Arrangers, the Term
Administrative Agent, the Bridge Administrative Agent and the Initial Lenders (and one additional counsel to each group of affected Indemnified Parties (as hereinafter defined) that are similarly situated, taken as a whole, for any conflict of
interest and, if reasonably necessary, one local counsel in each relevant jurisdiction)) incurred in connection with the Facilities (not to include, for the avoidance of doubt, the reasonable and documented fees, charges and other disbursements of
counsel for the administrative agent under the Existing Credit Agreement, that are required to be reimbursed pursuant thereto), the syndication thereof, the preparation of the Credit Documentation therefor and the other transactions contemplated
hereby (collectively, the “Expenses”); provided, that you shall not be obligated to reimburse us for Expenses (other than fees, charges and other disbursement of counsel) in excess of $50,000 (to be reviewed if a physical
bank meeting is required); and provided further, that in the event the Closing Date does not occur, you shall not be required to reimburse any fees, disbursements and other charges of Shearman & Sterling LLP unless we promptly notify you
when such fees, disbursements and other charges exceed $150,000 in the aggregate and provide you weekly invoiced updates thereafter. You acknowledge that we may receive a benefit from any of such counsel in connection with unrelated matters,
including without limitation, a discount, credit or other accommodation, based on the fees such counsel may receive on account of their relationship with us including, without limitation, fees paid pursuant hereto. 

(b) You also agree to indemnify and hold harmless each of the Commitment Parties and each of their affiliates, successors and assigns,
and their respective officers, directors, employees, agents, advisors and other representatives (each, an “Indemnified Party”) from and against, and hold each Indemnified Party harmless from, any and all claims, damages,
losses, liabilities and expenses (including, without limitation, the reasonable fees, disbursements and other charges of one legal counsel for the Administrative Agents, the Lead Arrangers and the Initial Lenders (and one additional counsel to each
group of affected Indemnified Parties that are similarly situated, taken as a whole, for any conflict of interest and, if reasonably necessary, one local counsel in each relevant jurisdiction)) that may be incurred by or asserted or awarded against
any Indemnified Party, in each case arising out of or in connection with or by reason of (including, without limitation, in connection with any investigation, litigation or proceeding or preparation of a defense in connection therewith) (a) any
aspect of the Transaction and any of the other transactions contemplated thereby, (b) the Facilities and any other financings in connection with the Transaction, or any use made or proposed to be made with the proceeds thereof (in all cases,
whether or not caused or arising, in whole or in part, out of the comparative, contributory or sole negligence of the Indemnified Party) or (c) this Commitment Letter or the Fee Letters; provided that the foregoing indemnity will not, as
to any Indemnified Party, apply to (i)(A) losses, claims, damages, liabilities or related expenses to the extent they are found by a final, non-appealable judgment of a court of competent jurisdiction to arise

  
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from the gross negligence, willful misconduct or bad faith of the applicable Indemnified Party or any Related Indemnified Party (as defined below), or (B) result from a claim brought by the
Borrower against an Indemnified Party for a material breach of such Indemnified Party’s obligations under this Commitment Letter, the Fee Letters or other Credit Documentation if the Borrower has obtained a final and non-appealable judgment in
its favor on such claims as determined by a court of competent jurisdiction, (ii) any settlement entered into by such Indemnified Party without your written consent (such consent not to be unreasonably withheld, conditioned or delayed) and
(iii) any disputes solely among the Indemnified Parties and not arising out of or in connection with any act or omission of any Company (other than a dispute involving a claim against any Commitment Party solely in its capacity as an arranger,
agent or similar role in connection with the Facilities). In the case of any claim, litigation, investigation or proceeding (any of the foregoing, a “Proceeding”) to which the indemnity in this paragraph applies, such
indemnity shall be effective whether or not such Proceeding is brought by you, your equity holders or creditors or an Indemnified Party, whether or not an Indemnified Party is otherwise a party thereto and whether or not any aspect of the
Transaction is consummated. You also agree that no Indemnified Party shall have any liability (whether direct or indirect, in contract or tort or otherwise) to you, the Seller, the Acquired Business or your or their subsidiaries or affiliates or to
your or their respective equity holders or creditors or any other person arising out of, related to or in connection with any aspect of the Transaction, except to the extent of direct (as opposed to special, indirect, consequential or punitive)
damages determined in a final, non-appealable judgment by a court of competent jurisdiction to have resulted from (i) such Indemnified Party’s gross negligence, bad faith or willful misconduct or (ii) a material breach of such
Indemnified Party’s obligations under this Commitment Letter, the Fee Letters or other Credit Documentation, as found in a proceeding to which you are a party. It is further agreed that the Commitment Parties shall only have liability to you
(as opposed to any other person), and that the Commitment Parties shall be severally liable solely in respect of their respective commitments to the Facilities, on a several, and not joint, basis with any other Lender. Notwithstanding any other
provision of this Commitment Letter, no Indemnified Party shall be liable for any damages arising from the use by others of information or other materials obtained through electronic telecommunications or other information transmission systems,
other than for direct, actual damages resulting from the gross negligence, bad faith or willful misconduct of such Indemnified Party or any of its affiliates, or any of their respective officers, directors, employees, advisors, affiliates, agents or
controlling persons as determined by a final, non-appealable judgment of a court of competent jurisdiction. Notwithstanding any other provisions of this Commitment Letter to the contrary, neither you nor any Indemnified Party shall be liable for any
indirect, special, punitive or consequential damages arising out of, in connection with, or as a direct result of the Transaction or the other transactions contemplated by this Commitment Letter; provided however, that this sentence shall not
relieve the Borrower of its indemnification obligations under this clause (b) to the extent any Indemnified Party is found liable for any such damages. You shall not, without the prior written consent of an Indemnified Party (which consent
shall not be unreasonably withheld), effect any settlement of any pending or threatened Proceeding against an Indemnified Party in respect of which indemnity could have been sought hereunder by such Indemnified Party unless (i) such settlement
includes an unconditional release of such Indemnified Party from all liability or claims that are the subject matter of such Proceeding and (ii) does not include any statement as to any admission. 

(c) For purposes hereof, a “Related Indemnified Party” of an Indemnified Party means (1) any
controlling person or controlled affiliate of such Indemnified Party, (2) the respective directors, officers, or employees of such Indemnified Party or any of its controlling persons or controlled affiliates and (3) the respective agents
of such Indemnified Party or any of its controlling persons or controlled affiliates, in the case of this clause (3), acting at the instructions of such Indemnified Party, controlling person or such controlled affiliate,
provided, that each reference to a controlled affiliate or controlling person in this sentence pertains to a controlled affiliate or controlling person involved in the negotiation of this Commitment Letter.

  
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 5. Conditions to Financing. The commitments
of the Initial Term Lenders in respect of the Term Loan Facility, the commitments of the Initial Bridge Lenders in respect of the Bridge Facilities and the undertaking of the Lead Arrangers to provide the services described herein are subject solely
to the satisfaction of each of the conditions set forth in Annex III hereto and each of the following conditions precedent: (a)(i) solely with respect to the Term Loan Facility, the negotiation, execution and delivery of definitive documentation
with respect to the Term Loan Facility consistent with this Commitment Letter, including the Documentation Principles (as defined in the Term Financing Summary of Terms) and the Fee Letters and (ii) solely with respect to the Bridge Facilities,
the negotiation, execution and delivery of the definitive documentation with respect to the Bridge Facilities consistent with this Commitment Letter, including the Documentation Principles and the Fee Letters (the definitive documentation referred
to in clauses (i) and (ii) as applicable, collectively, the “Credit Documentation”) and (b) solely with respect to the Term Loan Facility, the other conditions set forth in the Term Financing Summary of Terms
under the heading “Conditions Precedent” and, solely with respect to the Bridge Facilities, the other conditions set forth in the Bridge Summary of Terms under the heading “Conditions Precedent”. Notwithstanding anything in this
Commitment Letter, the Fee Letters, the Credit Documentation or any other letter agreement or other undertaking concerning the financing of the Transaction to the contrary, (a) the representations and warranties the accuracy of which shall be a
condition to the availability of the Facilities on the Closing Date shall be only (i) such representations and warranties made by or with respect to the Acquired Business and its subsidiaries in the definitive agreement relating to the
Acquisition (including all schedules and exhibits thereto) (the “Acquisition Agreement”) as are material to the interests of the Lenders, but only to the extent that you have or any of your affiliates has the right to
terminate your obligations under the Acquisition Agreement, or to decline to consummate the Acquisition pursuant to the Acquisition Agreement, as a result of a breach of such representations in the Acquisition Agreement (the “Acquisition
Agreement Representations”) and (ii) the Specified Representations (as hereinafter defined) and (b) the terms of the Credit Documentation shall be in a form such that they do not impair the availability of (i) the Term
Loan Facility on the Closing Date if the conditions set forth in the section entitled “Conditions Precedent” in the Term Financing Summary of Terms are satisfied and (ii) the Bridge Facilities on the Closing Date if the conditions set
forth in the section entitled “Conditions Precedent” in the Bridge Summary of Terms are satisfied. For purposes hereof, “Specified Representations” means the representations and warranties of the Borrower
(x) in the case of the Term Loan Facility, contemplated by the Term Financing Summary of Terms, relating to the absence of a court order (by a court of competent jurisdiction) in effect on the Closing Date enjoining the Term Lenders from
funding the Term Loan Facility, (y) in the case of the Bridge Facilities, contemplated by the Bridge Summary of Terms, relating to the absence of a court order (by a court of competent jurisdiction) in effect on the Closing Date enjoining the
Bridge Lenders from funding the Bridge Facilities, and (z) in each case, relating to corporate status, corporate power and authority to enter into the applicable Credit Documentation, due authorization, execution, delivery and enforceability of
the applicable Credit Documentation, no conflicts in any material respect with laws or charter documents, solvency of the Borrower and its subsidiaries on the Closing Date on a consolidated basis after giving effect to the Transaction (in
substantially the form attached hereto as Exhibit A), Federal Reserve margin regulations, OFAC, and the Investment Company Act. There shall be no conditions to closing and funding not expressly set forth in this Section 5 or Annex III hereto
and (i) solely with respect to the Term Loan Facility, the other conditions referenced in the Term Financing Summary of Terms under the heading “Conditions Precedent” and (ii) solely with respect to the Bridge Facilities, the
other conditions referenced in the Bridge Summary of Terms under the heading “Conditions Precedent”. 

6. Confidentiality and Other Obligations. This Commitment Letter and the Fee Letters and the contents hereof and thereof are
confidential and, may not be disclosed by you in whole or in part to any person or entity without our prior written consent except (i) on a confidential basis to your affiliates, and your or your affiliates’ officers, directors, employees,
agents, attorneys, accountants and other professional advisors in connection with the Transaction, (ii) pursuant to the order of any court or 

  
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administrative agency in any pending legal or administrative proceeding, or otherwise as required by applicable law or compulsory legal process based on the reasonable advice of your legal
counsel (in which case you agree, to the extent practicable and not prohibited by applicable law, to inform us promptly thereof), and (iii) this Commitment Letter and the Fee Letters (redacted in a manner reasonably satisfactory to us) may be
disclosed on a confidential basis to the affiliates, board of directors, officers, directors, employees, agents, attorneys, accountants and other advisors of the Acquired Business in connection with the Transaction. Notwithstanding the foregoing,
(i) following your acceptance hereof, you may disclose the Commitment Letter, including the existence and contents of this Commitment Letter (but not the contents of the Fee Letters, other than the existence thereof) in any offering memoranda
relating to the Notes, in any syndication or other marketing materials in connection with the Facilities or in any proxy statement or similar public filing related to the Acquisition or in connection with any public filing requirement,
(ii) following your acceptance of the provisions hereof and return of an executed counterpart of this Commitment Letter to the Lead Arrangers as provided below, you may file a copy of any portion of this Commitment Letter (but not the Fee
Letters) in any public record in which you are required by law or regulation on the advice of your counsel to file it, (iii) you may disclose the Summaries of Terms to any rating agency in connection with the Transaction to the extent necessary
to satisfy your obligations or the conditions hereunder and (iv) you may disclose the aggregate fee amounts contained in the Fee Letters as part of Projections, pro forma information or a generic disclosure of aggregate sources and uses related
to fee amounts related to the Transaction to the extent customary or required in offering and marketing materials for the Term Loan Facility, the Bridge Facilities and/or the Notes or in any public filing relating to the Transaction. 

The Commitment Parties shall use all confidential information provided to them by or on behalf of you hereunder solely for the purpose of
providing the services which are the subject of this letter agreement and otherwise in connection with the Transaction and shall treat confidentially all such information; provided, however, that nothing herein shall prevent the
Commitment Parties from disclosing any such information (i) pursuant to the order of any court or administrative agency or in any pending legal or administrative proceeding, or otherwise as required by applicable law or compulsory legal process
(in which case the Commitment Parties agree to inform you promptly thereof prior to such disclosure to the extent not prohibited by law, rule or regulation), (ii) upon the request or demand of any regulatory authority having jurisdiction over
the Commitment Parties or any of their respective affiliates (including without limitation in the course of inspections, examinations or inquiries by federal or state government agencies, regulatory agencies, self-regulatory agencies and rating
agencies), (iii) to the extent that such information becomes publicly available other than by reason of disclosure in violation of this agreement by the Commitment Parties, (iv) to the Commitment Parties’ affiliates, and the
Commitment Parties’ and their affiliates’ employees, officers, directors, legal counsel, independent auditors and other experts or agents who need to know such information in connection with the Transaction and are informed of the
confidential nature of such information and instructed to keep such confidential information confidential, (v) for purposes of establishing any defense available under state and federal securities laws including without limitation a “due
diligence” defense, (vi) to the extent that such information is or was received by the Commitment Parties from a third party that is not to the Commitment Parties’ knowledge subject to confidentiality obligations to you, (vii) to
the extent that such information is independently developed by the Commitment Parties or (viii) to potential Lenders, participants or assignees who agree to be bound by the terms of this paragraph (or language substantially similar to this
paragraph or as otherwise reasonably acceptable to you and each Commitment Party, including as may be agreed in any confidential information memorandum or other marketing material). This paragraph shall terminate on the date that is 18 months after
the date hereof. 
 You acknowledge that the Commitment Parties or their affiliates may be providing financing or other services
to parties whose interests may conflict with yours. None of the Commitment Parties or the Lead Arrangers will use confidential information obtained from you by virtue of the 

  
 8 

 
transactions contemplated by this letter or their other relationships with you in connection with the performance by the Commitment Parties and the Lead Arrangers of services for other companies.
The Commitment Parties agree that they will not furnish confidential information obtained from you to any of their other customers and will treat confidential information relating to the Companies and their respective affiliates with the same degree
of care as they treat their own confidential information. The Commitment Parties further advise you that they will not make available to you confidential information that they have obtained or may obtain from any other customer. In connection with
the services and transactions contemplated hereby, you agree that the Commitment Parties are permitted to access, use and share with any of their bank or non-bank affiliates, agents, advisors (legal or otherwise) or representatives any information
concerning the Companies or any of their respective affiliates that is or may come into the possession of the Commitment Parties or any of such affiliates. 
 In connection with all aspects of each transaction contemplated by this Commitment Letter, you acknowledge and agree, and acknowledge your affiliates’ understanding, that: (i) each of the
Facilities and any related arranging or other services described in this Commitment Letter is an arm’s-length commercial transaction between you and your affiliates, on the one hand, and the Commitment Parties, on the other hand, (ii) the
Commitment Parties have not provided any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby and you have consulted your own legal, accounting, regulatory and tax advisors to the extent you have
deemed appropriate, (iii) you are capable of evaluating, and understand and accept, the terms, risks and conditions of the transactions contemplated hereby, (iv) in connection with each transaction contemplated hereby and the process
leading to such transaction, each of the Commitment Parties has been, is, and will be acting solely as a principal and has not been, is not, and will not be acting as an advisor, agent or fiduciary, for you or any of your affiliates, stockholders,
creditors or employees or any other party, (v) the Commitment Parties have not assumed and will not assume an advisory, agency or fiduciary responsibility in your or your affiliates’ favor with respect to any of the transactions
contemplated hereby or the process leading thereto (irrespective of whether any of the Commitment Parties has advised or is currently advising you or your affiliates on other matters) and the Commitment Parties have no obligation to you or your
affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth in this Commitment Letter and (vi) the Commitment Parties and their respective affiliates may be engaged in a broad range of
transactions that involve interests that differ from yours and those of your affiliates, and the Commitment Parties have no obligation to disclose any of such interests to you or your affiliates. To the fullest extent permitted by law, you hereby
waive and release any claims that you may have against the Commitment Parties with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated by this Commitment Letter.

 The Commitment Parties hereby notify you that pursuant to the requirements of the USA PATRIOT Act, Title III of
Pub. L. 107-56 (signed into law October 26, 2001) (the “U.S.A. Patriot Act”), each of them is required to obtain, verify and record information that identifies you, which information includes your name and address and
other information that will allow the Commitment Parties, as applicable, to identify you in accordance with the U.S.A. Patriot Act. 
 7. Survival of Obligations. The provisions of this Section 7 and Sections 2, 3, 4, 6 and 8 shall remain in full force and effect regardless of whether any Credit Documentation shall be
executed and delivered and notwithstanding the termination of this Commitment Letter or any commitment or undertaking of the Commitment Parties hereunder, except that the provisions of Sections 2 and 3 shall not survive if the commitments and
undertakings of the Commitment Parties are terminated prior to the effectiveness of the Term Loan Facility and funding of the Bridge Facilities (or, upon the closing of the Acquisition without the use of any proceeds under the Bridge Facilities) and
the provisions of Sections 4 and 6 (other than with respect to the confidentiality of the Fee Letters and the contents thereof) shall, except with respect to events or circumstances occurring prior to the execution of the Credit Documentation, be
superseded by the reimbursement, confidentiality and indemnification provisions of the Credit Documentation upon the effectiveness thereof. 

  
 9 

 8. Miscellaneous. This Commitment Letter and the Fee Letters may be executed
in multiple counterparts and by different parties hereto in separate counterparts, all of which, taken together, shall constitute an original. Delivery of an executed counterpart of a signature page to this Commitment Letter or the Fee Letters by
telecopier, facsimile or other electronic transmission (e.g., a “pdf” or “tiff”) shall be effective as delivery of a manually executed counterpart thereof. Headings are for convenience of reference only and shall not affect the
construction of, or be taken into consideration when interpreting, this Commitment Letter or the Fee Letters. 
 This
Commitment Letter and the Fee Letters shall be governed by, and construed in accordance with, the laws of the State of New York; provided, however, that (i) the interpretation of the definition of Material Adverse Effect (as defined in Annex
III hereto) and whether or not a Material Adverse Effect has occurred, (ii) the determination of the accuracy of any Acquisition Agreement Representations and whether as a result of any inaccuracy thereof you (or your affiliates) have the right
to terminate your (or their) obligations under the Acquisition Agreement, or to decline to consummate the Acquisition pursuant to the Acquisition Agreement and (iii) the determination of whether the Acquisition has been consummated in
accordance with the terms of the Acquisition Agreement, in each case, shall be governed by, and construed and interpreted solely in accordance with, the laws of the State of Delaware, without regard to any other principles of conflicts of law. Each
party hereto hereby irrevocably waives any and all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Commitment Letter, the Fee Letters, the Transaction
and the other transactions contemplated hereby and thereby or the actions of the Commitment Parties in the negotiation, performance or enforcement hereof. Each party hereto hereby irrevocably and unconditionally submits to the exclusive jurisdiction
of any New York State court or Federal court of the United States of America sitting in the Borough of Manhattan in New York City in respect of any suit, action or proceeding arising out of or relating to the provisions of this Commitment Letter,
the Fee Letters, the Transaction and the other transactions contemplated hereby and thereby and irrevocably agrees that all claims in respect of any such suit, action or proceeding may be heard and determined in any such court. The parties hereto
agree that service of any process, summons, notice or document by registered mail addressed to you shall be effective service of process against you for any suit, action or proceeding relating to any such dispute. Each party hereto waives, to the
fullest extent permitted by applicable law, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceedings brought in any such court, and any claim that any such suit, action or proceeding brought
in any such court has been brought in an inconvenient forum. A final judgment in any such suit, action or proceeding brought in any such court may be enforced in any other courts to whose jurisdiction you are or may be subject by suit upon judgment.

 This Commitment Letter, together with the Fee Letters, embodies the entire agreement and understanding among the parties
hereto and your affiliates with respect to the Facilities and supersedes all prior agreements and understandings relating to the subject matter hereof. No party has been authorized by the Commitment Parties to make any oral or written statements
that are inconsistent with this Commitment Letter. Neither this Commitment Letter (including the attachments hereto) nor the Fee Letters may be amended or any term or provision hereof or thereof waived or modified except by an instrument in writing
signed by each of the parties hereto. 
 This Commitment Letter may not be assigned by you without our prior written consent
(and any purported assignment without such consent will be null and void), is intended to be solely for the benefit of the parties hereto and is not intended to confer any benefits upon, or create any rights in favor of, any person other than the
parties hereto (and the Indemnified Parties). Each Commitment Party may 

  
 10 

 
assign its commitment hereunder, in whole or in part, to any of its affiliates (provided that no such assignment to an affiliate shall reduce the amount of such Commitment Party’s commitment
hereunder) or, subject to the provisions of Section 2 of this Commitment Letter, to any Lender. No Lead Arranger shall assign its rights under this Commitment Letter or the Fee Letters as a Lead Arranger in its capacity as such (other than to
one of its affiliates) without the prior written consent of each of the parties hereto (and any purported assignment without such consent will be null and void). 
 Please indicate your acceptance of the terms of the Facilities set forth in this Commitment Letter and the Fee Letters by returning to us executed counterparts of this Commitment Letter and each of the
Fee Letters, and paying the fees specified in the Fee Letter to be payable upon acceptance of this Commitment Letter with respect to the Facilities by wire transfer of immediately available funds to the respective accounts specified by us, not later
than 11:59 p.m. (New York City time) on August 26, 2013, whereupon the undertakings of the parties with respect to the Facilities shall become effective to the extent and in the manner provided hereby. This offer shall terminate with
respect to the Facilities if not so accepted by you at or prior to that time. Thereafter, all commitments and undertakings of the Commitment Parties hereunder (i) with respect to the Bridge Facilities, will expire on the earliest of
(a) February 24, 2014, unless the Closing Date occurs on or prior thereto, (b) the closing of the Acquisition without the use of the Bridge Facilities, (c) the funding in full of the Term Loan Facility, (d) the execution of
the definitive documentation for the Term Loan Facility and (e) the termination of the Acquisition Agreement in accordance with its terms and (ii) with respect to the Term Loan Facility, will expire on the earliest of (a) February 24,
2014, unless the Closing Date occurs on or prior thereto, (b) the closing of the Acquisition without the use of the Term Loan Facility, and (c) the termination of the Acquisition Agreement in accordance with its terms. 

[The remainder of this page intentionally left blank.] 

  
 11 

 We are pleased to have the opportunity to work with you in connection with this important
financing. 
  

					
	Very truly yours,
	
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Zubin R. Shroff

		 	Name:	 	Zubin R. Shroff
		 	Title:	 	Director
	
	MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
		
	By:	 	 /s/ Peter C. Hall

		 	Name:	 	Peter C. Hall
		 	Title:	 	Managing Director
	
	J.P. MORGAN SECURITIES LLC
		
	By:	 	 /s/ Thomas Delaney

		 	Name:	 	Thomas Delaney
		 	Title:	 	Executive Director
	
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	 /s/ Tony Yung

		 	Name:	 	Tony Yung
		 	Title:	 	Executive Director
	
	BARCLAYS BANK PLC
		
	By:	 	 /s/ Ritam Bhalla

		 	Name:	 	Ritam Bhalla
		 	Title:	 	Director

  
 Signature Page
to Commitment Letter 

					
	The provisions of this Commitment Letter are accepted and agreed to as of the date first written above:
	
	AMGEN INC.
		
	By:	 	 /s/ Jonathan M. Peacock

		 	Name:	 	Jonathan M. Peacock
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 Signature Page
to Commitment Letter 

 ANNEX I 
 SUMMARY OF TERMS AND CONDITIONS 
 BRIDGE LOANS 

Capitalized terms not otherwise defined herein have the same meanings as specified therefor in the Commitment Letter to which this Annex
I is attached. 
  

			
	 Borrower:
	  	Amgen Inc. (the “Borrower”).
		
	 Guarantors:
	  	None.
		
	 Administrative Agent:
	  	Bank of America, N.A. or an affiliate thereof (“Bank of America”) will act as sole and exclusive administrative agent for the Bridge Lenders (the
“Administrative Agent”).
		
	 Syndication Agents:
	  	JPMorgan Chase Bank, N.A. and Barclays Bank PLC will act as syndication agents for the Bridge Lenders.
		
	Lead Arrangers and Bookrunning Managers:	  	Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC (“JPMorgan”) and Barclays Bank PLC (“Barclays”)
will act as joint Lead Arrangers and joint Bookrunning Managers for the Bridge Loans (in such capacity, the “Bridge Lead Arrangers”).
		
	 Bridge Lenders:
	  	Bank of America or affiliates thereof, JPMorgan Chase Bank, N.A. (“JPMCB”) and Barclays (the “Initial Bridge Lenders”) and, subject
to Section 2 of the Commitment Letter, other financial institutions selected by the Bridge Lead Arrangers in consultation with the Borrower (the “Bridge Lenders”).
		
	 Bridge Loans:
	  	Bridge A Facility: An aggregate principal amount of up to $500 million of senior unsecured bridge loans (the “Bridge A Loans”). The Bridge A Loans
will be available to the Borrower only after the Bridge B Facility has been fully drawn, has been reduced to $0 pursuant to the terms thereof, or has been terminated.
		
		  	Bridge B Facility: An aggregate principal amount of up to $5.0 billion of senior unsecured bridge loans (the “Bridge B Loans”, together with the
Bridge A Loans, the “Bridge Loans”), less (i) all reductions pursuant to the Mandatory Prepayments and Commitment Reduction section below, (ii) without duplication of clause (i) above, the aggregate gross proceeds of Notes,
the Term Loan Facility or any other debt or equity securities of the Companies (other than the Term Financing and borrowings under the Existing Credit Agreement) (collectively, “Permanent Securities”) issued on or prior to
the Closing Date, to the extent that the gross proceeds thereof are made available to the Borrower on or prior to the Closing Date and (iii) upon the execution of definitive documentation for the Term Loan Facility, the amount of the Term Loan
Facility. At the election of the Borrower, all or a portion of the Bridge B Loans will be available to the Borrower on the Closing Date,

  
 Annex I-1

			
		  	with the remainder, if any, of the Bridge B Loans being available in one additional borrowing on or prior to the 90th day following the Closing Date (such additional borrowing, the
“Secondary Bridge Borrowing”).
		
	 Ranking:
	  	The Bridge Loans will be senior unsecured obligations of the Borrower and rank pari passu in right of payment with or senior to all other unsecured obligations of the
Borrower.
		
	 Purpose:
	  	The proceeds of the Bridge Loans, together with other funds available to the Borrower, shall be used (i) to finance in part the Transaction and (ii) to pay fees and expenses
incurred in connection with the Transaction.
		
	 Interest Rate:
	  	Interest shall be payable quarterly in arrears at a rate per annum equal to three-month LIBOR plus the Applicable Margin.
		
		  	“Applicable Margin” shall initially be 112.5 basis points as of the Closing Date, and will increase by an additional 25 basis points at the end of each 90
day period thereafter for as long as the Bridge Loans are outstanding.
		
		  	During the continuance of a payment default, interest will accrue on the principal of the Bridge Loans and on any other outstanding amount at a rate of 200 basis points in excess of
the rate otherwise applicable to the Bridge Loans, and will be payable on demand.
		
		  	All calculations of interest shall be made on the basis of actual number of days elapsed in a 360-day year.
		
	 Duration Fees:
	  	The Borrower shall pay to the Administrative Agent for the ratable benefit of the Bridge Lenders a duration fee on the dates and in the amounts indicated, calculated on the
aggregate principal amount of, or outstanding commitments under, the Bridge Facilities outstanding on such dates:

  

			
	Date	  	(bps)
	90 days after the Closing Date	  	50.0
	180 days after the Closing Date	  	75.0
	270 days after the Closing Date	  	100.0

  

			
	 Cost and Yield Protection:
	  	Same as the Term Loan Facility.
		
	 Maturity:
	  	364 days after the Closing Date.
		
	 Amortization:
	  	None.
		
	Optional Prepayments and Commitment Reductions:	  	The Bridge Loans may be prepaid, or the commitments in respect thereof may be reduced, without premium or penalty, in whole or in part, upon written notice, at the option of the
Borrower, at any time, together with accrued interest to the prepayment date (if applicable); provided that the Bridge A Loans shall be paid in full before any optional prepayment of the Bridge B
Loans.

  
 Annex I-2

			
	 Mandatory Prepayments and Commitment
 Reductions:
	  	The Borrower shall prepay the Bridge Loans, and prior to the Closing Date, the commitments in respect thereof shall be automatically reduced, without premium or penalty together
with accrued interest to the prepayment or purchase date (provided that prepayments shall be applied first to the Bridge B Loans, then to the Bridge A Loans), with (a) all net after-tax cash proceeds from non-ordinary course sales of property and
assets of the Borrower or any of its subsidiaries after the Commitment Date (including sales or issuances of equity interests, in each case to third parties, by subsidiaries of the Borrower (but excluding sales of inventory, the sales of the Term
Financing or factoring of accounts receivable in the ordinary course of business and net cash after-tax proceeds from other sales of property or assets of the Borrower in an amount not to exceed $150.0 million, and, after the execution and delivery
of the Credit Documentation, other exceptions to be agreed in the Credit Documentation)), (b) all (1) net cash proceeds from the issuance or incurrence after the Commitment Date of additional debt of the Borrower (including, when funded, the Term
Loan Facility) or any of its subsidiaries other than drawings under the Existing Credit Agreement, the Term Financing and, after the execution and delivery of the Credit Documentation, certain debt permitted under the Credit Documentation and (2)
aggregate commitments, whether funded or unfunded, obtained in respect of any credit facility pursuant to a credit agreement (including, without limitation, the Term Loan Facility), and (c) all net cash proceeds from any issuance of equity
interest by, or equity contribution to, the Borrower, after the Commitment Date, subject to exceptions to be agreed. On the tenth Business Day following the date on which the Borrower acquires 100% ownership of the Acquired Business, the Borrower
shall prepay the Bridge A Loans in an amount equal to the unrestricted and immediately available cash that is held in the U.S. as of such date by the Acquired Business, up to the outstanding amount of the Bridge A Loans.
		
	Conditions Precedent:	  	The borrowing under the Bridge Facilities on the Closing Date will be subject only to the applicable conditions precedent expressly set forth in Section 5 of the Commitment Letter
and Annex III to the Commitment Letter. The Secondary Bridge Borrowing will be subject solely to the condition precedent that no payment or bankruptcy event of default shall have occurred and be continuing as of the date of such
borrowing.
		
	Credit Documentation:	  	Same as the Term Loan Facility.
		
	 Representations and

Warranties:
	  	Same as the Term Loan Facility.

  
 Annex I-3

			
	Affirmative and Negative Covenants:	  	Same as the Term Loan Facility plus a covenant for the Borrower to pay all fees due and payable under the Fee Letter and a covenant to use its commercially reasonable efforts to
refinance the Bridge B Facility.
		
	Events of Default:	  	Same as the Term Loan Facility.
		
	Assignments and Participations:	  	Prior to the Closing Date, assignments of commitments in respect of the Bridge Facilities shall be governed by the Commitment Letter. After funding under the Bridge Facilities on
the Closing Date, but prior to the date that a Successful Syndication of the Bridge Facilities has been achieved, the Initial Bridge Lenders will be permitted to make assignments to other entities selected in consultation with the Borrower.
Assignments after a Successful Syndication of the Bridge Facilities has been achieved or prior thereto by Lenders other than the Initial Bridge Lenders shall be permitted on the same terms as the Term Loan Facility.
		
	Waivers and Amendments:	  	Same as the Term Loan Facility.
		
	Defaulting Lenders:	  	Same as the Term Loan Facility.
		
	Indemnification:	  	The Borrower will indemnify and hold harmless the Administrative Agent, the Bridge Lead Arrangers, each Bridge Lender and each of their affiliates and their officers, directors,
employees, agents and advisors from and against, and hold each harmless from, all losses, liabilities, claims, damages or expenses arising out of or relating to the Transaction, the Bridge Facilities, the Borrower’s use of loan proceeds or the
commitments, including reasonable fees, disbursements and other charges of counsel, which shall be limited to one counsel, and if necessary, one local counsel in each appropriate jurisdiction and, solely in the case of a conflict of interest, one
special conflicts counsel to all affected indemnified persons, taken as a whole, unless such losses, claims, damages, liabilities or expenses are found by a final, non-appealable judgment of a court of competent jurisdiction (i) to arise from the
gross negligence, willful misconduct or bad faith of the applicable indemnified person (or any controlling person or controlled affiliate of such indemnified person, the respective directors, officers, or employees of such indemnified person or any
of their controlling persons or controlled affiliates and the respective agents of such indemnified person or any of their controlling persons or controlled affiliates acting at the instructions of such indemnified person or a controlling person or
such controlled affiliate of such indemnified person), or (ii) to result from a claim brought by the Borrower against an indemnified person for a material breach of such indemnified person’s obligations under the Commitment Letter, the Fee
Letters or other Credit Documentation.
		
	Governing Law:	  	New York.
		
	Expenses:	  	Same as the Term Loan Facility.
		
	 Counsel to Bridge Lead

Arranger:
	  	Shearman & Sterling LLP.

  
 Annex I-4

 ANNEX II 
 SUMMARY OF TERMS AND CONDITIONS 
 TERM LOAN FACILITY 

Capitalized terms not otherwise defined herein have the same meanings as specified therefor in the Commitment Letter to which this Annex
II is attached. 
  

			
	Borrower:	  	Amgen Inc. (the “Borrower”).
		
	Guarantors:	  	None.
		
	Administrative Agent:	  	Bank of America, N.A. (“Bank of America”) will act as sole and exclusive administrative agent for the Term Lenders (as hereinafter defined) (the
“Administrative Agent”).
		
	Syndication Agents:	  	Barclays Bank PLC and JPMorgan Chase Bank, N.A. will act as syndication agents for the Term Lenders.
		
	 Lead Arrangers and Bookrunning
 Managers:
	  	Subject in all cases to Section 1 of the Commitment Letter, Merrill Lynch, Pierce, Fenner & Smith Incorporated (“MLPFS”), Barclays Bank PLC
(“Barclays”) and J.P. Morgan Securities LLC (“JPMorgan”) will act as joint Lead Arrangers and joint Bookrunning Managers for the Term Loan Facility (in such capacities, the “Term Lead
Arrangers”).
		
	Term Lenders:	  	Bank of America, Barclays, JPMCB, any Additional Initial Term Lenders and, subject to Section 2 of the Commitment Letter, other banks and financial institutions determined by the
Term Lead Arrangers in consultation with the Borrower.
		
	Term Loan Facility:	  	An aggregate principal amount of up to $5.0 billion will be available through a senior unsecured term loan facility. At the election of the Borrower, all or a portion of such term
loan facility will be available to the Borrower on the Closing Date, with the remainder, if any, of such term loan facility being available in one additional borrowing on or prior to the 90th day following the Closing Date (such additional
borrowing, the “Secondary Term Borrowing”).
		
	Purpose:	  	The proceeds of the borrowings under the Term Loan Facility, together with other funds available to the Borrower, shall be used (i) to finance in part the Transaction, and (ii) to
pay fees and expenses incurred in connection with the Transaction.
		
	Interest Rates:	  	The interest rates per annum applicable to the Term Loan Facility will be, at the option of the Borrower (i) LIBOR plus the Applicable Margin (as hereinafter defined) or (ii) the
Base Rate plus the Applicable Margin. The Applicable Margin means a percentage per annum to be determined in accordance with the ratings-based pricing grid referred to below.

  
 Annex II-1

			
		  	The Borrower may select interest periods of one, two, three or six months (or, if agreed to by all the Term Lenders, nine or twelve months or a period of shorter than 1 month) for
LIBOR advances. Interest shall be payable at the end of the selected interest period, but no less frequently than quarterly.
		
		  	“LIBOR” and “Base Rate” will be defined and calculated on a basis substantially identical to the Existing Credit
Agreement, subject to the Documentation Principles.
		
		  	During the continuance of a payment default, interest will accrue (i) on the principal of any loan at a rate of 200 basis points in excess of the rate otherwise applicable to the
outstanding loans and (ii) on any other outstanding amount at a rate of 200 basis points in excess of the non-default interest rate then applicable to Base Rate loans under the Senior Credit Facility, and will be payable on demand.
		
	Ratings Pricing Grid:	  	The Applicable Margin for advances shall be the percentage per annum set forth in the table below opposite the long term senior unsecured, non-credit enhanced debt rating of the
Borrower by S&P and Moody’s, in each case after giving effect to the Acquisition (the “Ratings”). In the event of a single-level split between the Ratings, the higher Rating shall apply, and in the event of a
multi-level split between the Ratings, the Rating that is the midpoint between the two Ratings, or, if there is no such midpoint, the lower of the middle two Ratings between such Ratings, shall apply. In the event that no Ratings are maintained, the
highest pricing in the grid shall apply. The Applicable Margin for Base Rate advances shall be 100 basis points less than the Applicable Margin for LIBOR advances.

  

									
	 	  	Daily Margin	 
	 	  	TYPE OF ADVANCE	 
	 	  	Base Rate
Advance	 	 	EURO Rate
Advance	 
			
	 3 A+/A1
	  	 	0.000	% 	 	 	0.750	% 
	 A/A2
	  	 	0.000	% 	 	 	0.875	% 
	 A-/A3
	  	 	0.000	% 	 	 	1.000	% 
	 BBB+/Baa1
	  	 	0.125	% 	 	 	1.125	% 
	 BBB/Baa2
	  	 	0.375	% 	 	 	1.375	% 
	 < BBB/Baa2
	  	 	0.625	% 	 	 	1.625	% 

  

			
	Calculation of Interest and Fees:	  	Other than calculations in respect of interest at the Base Rate (which shall be made on the basis of actual number of days elapsed in a 365/366 day year), all calculations of
interest and fees shall be made on the basis of actual number of days elapsed in a 360-day year.

  
 Annex II-2

			
	Cost and Yield Protection:	  	The Credit Documentation will contain cost and yield protection provisions that are substantially similar to those contained in the Existing Credit Agreement, subject to the
Documentation Principles (including with respect to Dodd-Frank Act and the Basel III Accord).
		
	Maturity:	  	Five years after the Closing Date.
		
	Scheduled Amortization:	  	The Term Loan Facility will be subject to quarterly amortization of principal equal to 2.5% of the original aggregate principal amount of the Term Loan Facility, with the balance
payable at final maturity.
		
	Optional Prepayments and Commitment Reductions:	  	The Term Loan Facility may be prepaid at any time in whole or in part without premium or penalty, upon written notice, at the option of the Borrower, except that any prepayment of
LIBOR advances other than at the end of the applicable interest periods therefor shall be made with reimbursement for any funding losses and redeployment costs of the Term Lenders resulting therefrom pursuant to provisions substantially the same as
those contained in the Existing Credit Agreement. Each optional prepayment of the Term Loan Facility shall be applied as directed by the Borrower (or, in the absence of direction from the Borrower, in the direct order of maturity). The unutilized
portion of any commitment under the Term Loan Facility may be reduced permanently or terminated by the Borrower at any time without penalty.
		
	Conditions Precedent:	  	Limited to the conditions specified in paragraph 5 of the Commitment Letter and those specified in Annex III to the Commitment Letter. The Secondary Term Borrowing will be subject
solely to the condition precedent that no payment or bankruptcy event of default shall have occurred and be continuing as of the date of such borrowing.
		
	Credit Documentation:	  	The Credit Documentation shall be negotiated in good faith, shall contain terms consistent with the terms set forth in this Term Financing Summary of Terms and, to the extent not
provided in this Term Financing Summary of Terms, shall be substantially the same as the Existing Credit Agreement, with such changes to the terms in the Existing Credit Agreement as (i) may be mutually agreed or (ii) as may be required by Bank of
America’s policies and practices solely as it relates to its role as Administrative Agent for similarly situated companies. It is understood and agreed that the Credit Documentation shall contain only those payments, conditions to borrowing,
representations, warranties, covenants and events of default expressly set forth or referred to in this Term Financing Summary of Terms. The foregoing sentences are referenced herein as the “Documentation
Principles”.
		
	Representations and Warranties:	  	The Credit Documentation will contain representations and warranties that are substantially the same as those set forth in the Existing Credit Agreement, and consistent with the
Documentation Principles plus OFAC.

  
 Annex II-3

			
	Affirmative Covenants:	  	The Credit Documentation will contain affirmative covenants that are substantially the same as those set forth in the Existing Credit Agreement (including defined terms used
therein), and consistent with the Documentation Principles.
		
	Negative Covenants:	  	The Credit Documentation will contain negative covenants that are substantially the same as those set forth in the Existing Credit Agreement (including defined terms used therein),
and consistent with the Documentation Principles.
		
	Financial Covenant:	  	Limited to a maximum ratio of Consolidated Total Debt (to be defined, along with all other related defined terms, in a manner substantially the same as the Existing Credit
Agreement, consistent with the Documentation Principles, and in any event to exclude for clarity the Term Financing) to Consolidated Capitalization (to be defined along with all other related defined terms, in a manner substantially the same as the
Existing Credit Agreement, consistent with the Documentation Principles) of 0.65:1.00.
		
	Events of Default:	  	The Credit Documentation will contain events of default that are substantially the same as those set forth in the Existing Credit Agreement (including defined terms used therein),
and consistent with the Documentation Principles.
		
	Assignments and Participations:	  	The Credit Documentation will contain assignment and participation provisions that are substantially the same as those contained in the Existing Credit Agreement and consistent with
the Documentation Principles.
		
	Waivers and Amendments:	  	The Credit Documentation will contain amendment and waiver provisions that are substantially the same as those contained in the Existing Credit Agreement and consistent with the
Documentation Principles.
		
	Defaulting Lenders:	  	The Credit Documentation shall include customary “defaulting lender” provisions that are substantially the same as those contained in the Existing Credit Agreement and
consistent with the Documentation Principles.
		
	Indemnification:	  	The Borrower will indemnify and hold harmless the Administrative Agent, the Term Lead Arrangers, each Term Lender and each of their affiliates and their officers, directors,
employees, agents and advisors from and against, and hold each harmless from, all losses, liabilities, claims, damages or expenses arising out of or relating to the Transaction, the Term Loan Facility, the Borrower’s use of loan proceeds or the
commitments, including reasonable fees, disbursements and other charges of counsel, which shall be limited to one counsel, and if necessary, one local counsel in each appropriate jurisdiction and, solely in the case of a conflict of interest, one
special conflicts counsel to all affected indemnified persons, taken as a whole, unless such losses, claims, damages, liabilities or expenses are found by a final,

  
 Annex II-4

			
		  	non-appealable judgment of a court of competent jurisdiction (i) to arise from the gross negligence, willful misconduct or bad faith of the applicable indemnified person or any of
such indemnified person’s officers, directors, employees, agents and advisors, or (ii) to result from a claim brought by the Borrower against an indemnified person for a material breach in bad faith of such indemnified person’s obligations
under the Commitment Letter, the Fee Letters or other Credit Documentation.
		
	Governing Law:	  	New York.
		
	Expenses:	  	The Borrower shall pay (a) all reasonable and documented out-of-pocket expenses of the Administrative Agent associated with the preparation, execution, delivery and administration
of the Term Loan Facility and any amendment or waiver with respect thereto (including the reasonable fees, disbursements and other charges of counsel, which shall be limited to the counsel identified in clause (b) of this paragraph) and (b) all
reasonable and documented out-of-pocket expenses of the Term Lenders (including the reasonable fees, disbursements and other charges of counsel, which shall be limited to one counsel, and if necessary, one local counsel in each appropriate
jurisdiction and, solely in the case of a conflict of interest, one special conflicts counsel to all affected indemnified persons, taken as a whole) in connection with the enforcement of the Term Loan Facility.
		
	 Counsel to the

Administrative Agent:
	  	Shearman & Sterling, LLP.
		
	Miscellaneous:	  	Each of the parties shall (i) waive its right to a trial by jury and (ii) submit to exclusive New York jurisdiction.

  
 Annex II-5

 ANNEX III 
 CONDITIONS PRECEDENT TO CLOSING 
 Capitalized terms not otherwise defined
herein have the same meanings as specified therefor in the Commitment Letter to which this Annex III is attached. 
 1. The
initial extensions of credit under the Term Loan Facility and the funding of the Bridge Loans under the Bridge Facilities will be subject to satisfaction of the following: 

(i) The Acquisition shall have been or shall be, substantially simultaneously with the initial borrowing, consummated in
accordance with the terms of the Acquisition Agreement without giving effect to any amendments, modifications, supplements, waivers or consents by the Borrower or any of its affiliates thereto that are materially adverse to the interests of the
Lenders and not approved by the Lead Arrangers (which approval shall not be unreasonably withheld, conditioned or delayed). It is understood and agreed that (A) any change to the definition of Material Adverse Effect and (B) any reduction
in price shall, in each case, be deemed to be materially adverse to the interest of the Lenders; provided that a reduction in the purchase price of ten percent (10%) or less, shall not in and of itself be deemed material as long as the
amount of the reduction is applied to reduce the Bridge Facilities and, to the extent that no commitments remain under the Bridge Facilities, the Term Loan Facility. The Lead Arrangers acknowledge and agree that the copy of the Acquisition Agreement
delivered to the Lead Arrangers on August 24, 2013 at 12:54 p.m. (including the versions of the exhibits and schedules thereto most recently delivered prior thereto) has been reviewed by and is satisfactory to the Lead Arrangers. 

(ii) Since the date of the Acquisition Agreement there shall not have occurred a “Material Adverse Effect” (as
defined in the Acquisition Agreement) or any change, event, circumstance or development that is, individually or in the aggregate, reasonably likely to result in a “Material Adverse Effect”. 

(iii) The Borrower shall have delivered to the applicable Administrative Agent a certificate as to the financial condition
and solvency of the Borrower (on a consolidated basis, after giving effect to the Transaction and the incurrence of indebtedness related thereto), in the form attached as Exhibit A hereto. 

(iv) The Borrower shall have delivered to the Administrative Agents customary (A) legal opinions in substantially the
form of the legal opinions delivered in connection with the closing under the Existing Credit Agreement, modified to reflect the Term Loan Facility or the Bridge Facilities (as applicable) and the Acquisition, (B) evidence of authority
(including the incumbency of officers executing the Credit Documentation), (C) corporate resolutions, (D) good standing certificates, and (E) closing certificates regarding satisfaction of the conditions precedent to funding of the
applicable Facility. 
 (v) The Borrower shall have delivered to the Lead Arrangers: (A) for each of the
fiscal years 2010, 2011, and 2012, the audited consolidated balance sheet of each of the Borrower and the Acquired Business as of the end of such fiscal year and related audited consolidated statements of operations, cash flows and
shareholders’ equity, (B) as soon as available and in any event within 45 days after the end of each fiscal quarter of the 2013 fiscal year, an unaudited balance sheet and related statements of operations and cash flows of each of the
Borrower and the Acquired Business for such fiscal quarter and for the elapsed period of the 2013 fiscal year and 

  
 Annex III-1

 
for the comparable periods of the prior fiscal year; and (C) any additional audited and unaudited financial statements for all recent, probable or pending acquisitions by the Borrower or the
Acquired Business that would be required to be filed in a Form 8-K if the Borrower or the Acquired Business were a reporting company under the Securities Exchange Act of 1934; provided that the
information in this clause (C) shall only be required with respect to the Acquired Business to the extent such information would be necessary for inclusion in a registration statement under the Securities Act relating to the Notes. 

(vi) (A) The Lead Arrangers and the Lenders shall have received forecasts in customary form prepared by management of the
Companies of balance sheets, income statements and cash flow statements for each year commencing with the first fiscal year following the Closing Date and ending on the third anniversary of the Closing Date and (B) the ratio of
(x) consolidated debt for borrowed money of the Borrower and its subsidiaries at the Closing Date after giving effect (excluding for clarity the Term Financing) to the Transaction to (y) total capitalization as set forth in the Pro Forma
Financial Statements is not greater than 0.65 :1.0 and, in the case of each of (B) above, the chief financial officer of the Borrower shall have provided the Lenders a written certification to that effect. 

(vii) All fees due to the Administrative Agents, the Lead Arrangers and the Lenders pursuant to the Fee Letters and, to
the extent invoiced at least two business days prior to the Closing Date, all reasonable and documented expenses to be paid or reimbursed to the Administrative Agents and the Lead Arrangers pursuant to the Commitment Letter shall have been paid, in
each case, from the proceeds of the initial funding under the applicable Facility. 
 (viii) To the extent
requested at least ten days prior to the Closing Date, the Borrower shall have provided the documentation and other information to the Administrative Agents that are required by regulatory authorities under applicable “know-your-customer”
rules and regulations, including the Patriot Act. 
 2. The initial extensions of credit under the Term Loan
Facility will also be subject to satisfaction of the following: 
 Commitments shall have been received from the
Term Lenders (including Commitments of any Additional Initial Term Lenders) for the $3.35 billion of the Term Loan Facility not committed to by the Initial Term Lenders (or, if applicable, such lesser amount equal to $3.35 billion minus the total
aggregate amount of Notes). 
 3. Solely to the extent the Borrower has elected to pursue a Notes offering, the
initial extensions of credit under the Bridge B Facility will also be subject to satisfaction of the following: 

At least 15 days prior to the Closing Date, the Borrower shall have (A) provided to the Commitment Parties one or
more preliminary prospectuses, offering memoranda or private placement memoranda (including all financial statements and other information that would be required in a registration statement on Form S-1 for an offering registered under the Securities
Act, and at no time during such 15-day period shall the financial information in such Offering Document have become stale) relating to the Notes (the “Offering Document”), (B) used commercially reasonable efforts to
cause the independent registered public accountants of the Borrower and, consistent with its obligations under the Acquisition Agreement, the Acquired Business to render customary “comfort letters” with respect to the financial information
in the Offering Document, 

  
 Annex III-2

 
and (C) caused the senior management and other representatives of the Borrower and, in a manner consistent with the Acquisition Agreement, the Acquired Business, to provide access in
connection with due diligence investigations and to prepare and participate in a customary “internet road show”. 
 4. Solely to the extent the Borrower has not elected to pursue a Notes offering, the initial extensions of credit under the Term Loan Facility will also be subject to satisfaction of the following:

 At least 15 days prior to the Closing Date, the Borrower shall have provided to the Commitment Parties a
customary confidential information memorandum relating to the Term Loan Facility. 

  
 Annex III-3

 EXHIBIT A 
 FORM OF SOLVENCY CERTIFICATE 

[            ], [        ] 

The undersigned,
[                    ], the
[                    ] of Amgen Inc. (the “Borrower”), is familiar with the properties, businesses, assets and liabilities of
the Borrower and is duly authorized to execute this certificate (this “Solvency Certificate”) on behalf of the Borrower. 
 This Solvency Certificate is delivered pursuant to Section [    ] of the Credit Agreement dated as of [            ],
[        ] (the “Credit Agreement”; terms defined therein unless otherwise defined herein being used herein as therein defined) among the Borrower, each lender from time to time party
thereto (collectively, the “Lenders”) and [Bank of America, N.A.], as administrative agent thereunder (in such capacity, the “Administrative Agent”). 

As used herein, “Company” means the Borrower. 

1. I, [     ], hereby certify that I am the [    ] of the Company and that I am knowledgeable of
the financial and accounting matters of the Company, the Credit Agreement and the covenants and representations (financial or otherwise) contained therein and that, as such, I am authorized to execute and deliver this Solvency Certificate on behalf
of the Company. 
 2. The undersigned certifies, on behalf of the Borrower and not in his individual capacity, that he has made
such investigation and inquiries as to the financial condition of the Borrower as the undersigned deems necessary and prudent for the purposes of providing this Solvency Certificate. The undersigned acknowledges that the Administrative Agent and the
Lenders are relying on the truth and accuracy of this Solvency Certificate in connection with the making of Loans under the Credit Agreement. 
 3. The undersigned certifies, on behalf of the Borrower and not in his individual capacity, that (a) the financial information, projections and assumptions which underlie and form the basis for the
representations made in this Solvency Certificate were made in good faith and were based on assumptions reasonably believed by the Borrower to be fair in light of the circumstances existing at the time made; and (b) for purposes of providing
this Solvency Certificate, the amount of contingent liabilities has been computed as the amount that, in the light of all the facts and circumstances existing as of the date hereof, represents the amount that can reasonably be expected to become an
actual or matured liability. 
 BASED ON THE FOREGOING, the undersigned certifies, on behalf of the Borrower and not in his
individual capacity, that, on the date hereof, before and after giving effect to the Transactions (and the Loans made or to be made and other obligations incurred or to be incurred on the Closing Date): 

(i) the fair value of the property of the Company (including, for the avoidance of doubt, property consisting of the residual equity
value of the Company’s subsidiaries) is greater than the total amount of liabilities, including contingent liabilities, of the Company; 

  
 Exhibit A-1

 (ii) the present fair salable value of the assets of the Company (including, for the
avoidance of doubt, property consisting of the residual equity value of the Company’s subsidiaries) is greater than the amount that will be required to pay the probable liability of the Company on the sum of its debts and other liabilities,
including contingent liabilities; 
 (iii) the Company has not, does not intend to, and does not believe (nor should it
reasonably believe) that it will, incur debts or liabilities beyond the Company’s ability to pay such debts and liabilities as they become due (whether at maturity or otherwise); 

(iv) the Company does not have unreasonably small capital with which to conduct the businesses in which it is engaged as such businesses
are now conducted (and reflected in the Projections) and are proposed to be conducted following the Closing Date; 
 (v) the
Company is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business; and 
 (vi) the Company is “solvent” within the meaning given to that term and similar terms under the Bankruptcy Code and applicable laws relating to fraudulent transfers and conveyances. 

IN WITNESS WHEREOF, the undersigned has executed this Solvency Certificate as of the first date written above, solely in his capacity as
[                    ] of the Borrower and not in his individual capacity. 

 

			
	Name:	 	  

	Title:	 	  

  
 Exhibit A-2EX-10.2

 Exhibit 10.2 

 

			
	

	  	Master Repurchase Agreement

 September 1996 Version 
  

			
	Dated as of:	  	August 24, 2013
		
	Between:	  	Amgen Inc., as “Seller”
		
	and:	  	Bank of America, N.A., as “Buyer”

  

	1.	Applicability 

 From time
to time the parties hereto may enter into transactions in which one party (“Seller”) agrees to transfer to the other (“Buyer”) securities or other assets (“Securities”) against the transfer of funds by Buyer, with a
simultaneous agreement by Buyer to transfer to Seller such Securities at a date certain or on demand, against the transfer of funds by Seller. Each such transaction shall be referred to herein as a “Transaction” and, unless otherwise
agreed in writing, shall be governed by this Agreement, including any supplemental terms or conditions contained in Annex I hereto and in any other annexes identified herein or therein as applicable hereunder. 

 

	2.	Definitions 

  

	 	(a)	“Act of Insolvency”, with respect to any party, (i) the commencement by such party as debtor of any case or proceeding under any bankruptcy, insolvency,
reorganization, liquidation, moratorium, dissolution, delinquency or similar law, or such party seeking the appointment or election of a receiver, conservator, trustee, custodian or similar official for such party or any substantial part of its
property, or the convening of any meeting of creditors for purposes of commencing any such case or proceeding or seeking such an appointment or election, (ii) the commencement of any such case or proceeding against such party, or another
seeking such an appointment or election, or the filing against a party of an application for a protective decree under the provisions of the Securities Investor Protection Act of 1970, as amended, which (A) is consented to or not timely
contested by such party, (B) results in the entry of an order for relief, such an appointment or election, the issuance of such a protective decree or the entry of an order having a similar effect, or (C) is not dismissed within 15 days,
(iii) the making by such party of a general assignment for the benefit of creditors, or (iv) the admission in writing by such party of such party’s inability to pay such party’s debts as they become due; 

 

	 	(b)	“Additional Purchased Securities”, Securities provided by Seller to Buyer pursuant to Paragraph 4(a) hereof; 

  
 1 

	 	(c)	“Buyer’s Margin Amount”, with respect to any Transaction as of any date, the amount obtained by application of the Buyer’s Margin Percentage to the
Repurchase Price for such Transaction as of such date; 

  

	 	(d)	“Buyer’s Margin Percentage”, with respect to any Transaction as of any date, a percentage (which may be equal to the Seller’s Margin Percentage)
agreed to by Buyer and Seller or, in the absence of any such agreement, the percentage obtained by dividing the Market Value of the Purchased Securities on the Purchase Date by the Purchase Price on the Purchase Date for such Transaction;

  

	 	(e)	“Confirmation”, the meaning specified in Paragraph 3(b) hereof; 

 

	 	(f)	“Income”, with respect to any Security at any time, any principal thereof and all interest, dividends or other distributions thereon;

  

	 	(g)	“Margin Deficit”, the meaning specified in Paragraph 4(a) hereof; 

 

	 	(h)	“Margin Excess”, the meaning specified in Paragraph 4(b) hereof; 

 

	 	(i)	“Margin Notice Deadline”, the time agreed to by the parties in the relevant Confirmation, Annex I hereto or otherwise as the deadline for giving notice
requiring same-day satisfaction of margin maintenance obligations as provided in Paragraph 4 hereof (or, in the absence of any such agreement, the deadline for such purposes established in accordance with market practice);

  

	 	(j)	“Market Value”, with respect to any Securities as of any date, the price for such Securities on such date obtained from a generally recognized source agreed
to by the parties or the most recent closing bid quotation from such a source, plus accrued Income to the extent not included therein (other than any Income credited or transferred to, or applied to the obligations of, Seller pursuant to
Paragraph 5 hereof) as of such date (unless contrary to market practice for such Securities); 

  

	 	(k)	“Price Differential”, with respect to any Transaction as of any date, the aggregate amount obtained by daily application of the Pricing Rate for such
Transaction to the Purchase Price for such Transaction on a 360 day per year basis for the actual number of days during the period commencing on (and including) the Purchase Date for such Transaction and ending on (but excluding) the date of
determination (reduced by any amount of such Price Differential previously paid by Seller to Buyer with respect to such Transaction); 

  

	 	(l)	“Pricing Rate”, the per annum percentage rate for determination of the Price Differential; 

 

	 	(m)	“Prime Rate”, the prime rate of U.S. commercial banks as published in The Wall Street Journal (or, if more than one such rate is published, the average of
such rates); 

  
 2 

	 	(n)	“Purchase Date”, the date on which Purchased Securities are to be transferred by Seller to Buyer; 

 

	 	(o)	“Purchase Price”, (i) on the Purchase Date, the price at which Purchased Securities are transferred by Seller to Buyer, and (ii) thereafter, except
where Buyer and Seller agree otherwise, such price increased by the amount of any cash transferred by Buyer to Seller pursuant to Paragraph 4 (b) hereof and decreased by the amount of any cash transferred by Seller to Buyer pursuant to
Paragraph 4(a) hereof or applied to reduce Seller’s obligations under clause (ii) of Paragraph 5 hereof; 

  

	 	(p)	“Purchased Securities”, the Securities transferred by Seller to Buyer in a Transaction hereunder, and any Securities substituted therefor in accordance with
Paragraph 9 hereof. The term “Purchased Securities” with respect to any Transaction at any time also shall include Additional Purchased Securities delivered pursuant to Paragraph 4(a) hereof and shall exclude Securities returned
pursuant to Paragraph 4(b) hereof; 

  

	 	(q)	“Repurchase Date”, the date on which Seller is to repurchase the Purchased Securities from Buyer, including any date determined by application of the
provisions of Paragraph 3(c) or 11 hereof; 

  

	 	(r)	“Repurchase Price”, the price at which Purchased Securities are to be transferred from Buyer to Seller upon termination of a Transaction, which will be
determined in each case (including Transactions terminable upon demand) as the sum of the Purchase Price and the Price Differential as of the date of such determination; 

 

	 	(s)	“Seller’s Margin Amount”, with respect to any Transaction as of any date, the amount obtained by application of the Seller’s Margin Percentage to
the Repurchase Price for such Transaction as of such date; and 

  

	 	(t)	“Seller’s Margin Percentage”, with respect to any Transaction as of any date, a percentage (which may be equal to the Buyer’s Margin Percentage)
agreed to by Buyer and Seller or, in the absence of any such agreement, the percentage obtained by dividing the Market Value of the Purchased Securities on the Purchase Date by the Purchase Price on the Purchase Date for such Transaction.

  

	3.	Initiation; Confirmation; Termination 

  

	 	(a)	An agreement to enter into a Transaction may be made orally or in writing at the initiation of either Buyer or Seller. On the Purchase Date for the Transaction, the
Purchased Securities shall be transferred to Buyer or its agent against the transfer of the Purchase Price to an account of Seller. 

  
 3 

	 	(b)	Upon agreeing to enter into a Transaction hereunder, Buyer or Seller (or both), as shall be agreed, shall promptly deliver to the other party a written confirmation of
each Transaction (a “Confirmation”). The Confirmation shall describe the Purchased Securities (including CUSIP number, if any), identify Buyer and Seller and set forth (i) the Purchase Date, (ii) the Purchase Price,
(iii) the Repurchase Date, unless the Transaction is to be terminable on demand, (iv) the Pricing Rate or Repurchase Price applicable to the Transaction, and (v) any additional terms or conditions of the Transaction not inconsistent
with this Agreement. The Confirmation, together with this Agreement, shall constitute conclusive evidence of the terms agreed between Buyer and Seller with respect to the Transaction to which the Confirmation relates, unless with respect to the
Confirmation specific objection is made promptly after receipt thereof. In the event of any conflict between the terms of such Confirmation and this Agreement, this Agreement shall prevail. 

 

	 	(c)	In the case of Transactions terminable upon demand, such demand shall be made by Buyer or Seller, no later than such time as is customary in accordance with market
practice, by telephone or otherwise on or prior to the business day on which such termination will be effective. On the date specified in such demand, or on the date fixed for termination in the case of Transactions having a fixed term, termination
of the Transaction will be effected by transfer to Seller or its agent of the Purchased Securities and any Income in respect thereof received by Buyer (and not previously credited or transferred to, or applied to the obligations of, Seller pursuant
to Paragraph 5 hereof) against the transfer of the Repurchase Price to an account of Buyer. 

  

	4.	Margin Maintenance 

  

	 	(a)	If at any time the aggregate Market Value of all Purchased Securities subject to all Transactions in which a particular party hereto is acting as Buyer is less than the
aggregate Buyer’s Margin Amount for all such Transactions (a “Margin Deficit”), then Buyer may by notice to Seller require Seller in such Transactions, at Seller’s option, to transfer to Buyer cash or additional Securities
reasonably acceptable to Buyer (“Additional Purchased Securities”), so that the cash and aggregate Market Value of the Purchased Securities, including any such Additional Purchased Securities, will thereupon equal or exceed such aggregate
Buyer’s Margin Amount (decreased by the amount of any Margin Deficit as of such date arising from any Transactions in which such Buyer is acting as Seller). 

 

	 	(b)	 If at any time the aggregate Market Value of all Purchased Securities subject to all Transactions in which a particular party hereto is acting as
Seller exceeds the aggregate Seller’s Margin Amount for all such Transactions at such time (a “Margin Excess”), then Seller may by notice to Buyer require Buyer in such Transactions, at Buyer’s option, to transfer cash or
Purchased Securities to Seller, so that the aggregate Market Value of the Purchased Securities, after deduction of any such 

  
 4 

	 	
cash or any Purchased Securities so transferred, will thereupon not exceed such aggregate Seller’s Margin Amount (increased by the amount of any Margin Excess as of such date arising from
any Transactions in which such Seller is acting as Buyer). 

  

	 	(c)	If any notice is given by Buyer or Seller under subparagraph (a) or (b) of this Paragraph at or before the Margin Notice Deadline on any business day, the
party receiving such notice shall transfer cash or Additional Purchased Securities as provided in such subparagraph no later than the close of business in the relevant market on such day. If any such notice is given after the Margin Notice Deadline,
the party receiving such notice shall transfer such cash or Securities no later than the close of business in the relevant market on the next business day following such notice. 

 

	 	(d)	Any cash transferred pursuant to this Paragraph shall be attributed to such Transactions as shall be agreed upon by Buyer and Seller. 

 

	 	(e)	Seller and Buyer may agree, with respect to any or all Transactions hereunder, that the respective rights of Buyer or Seller (or both) under subparagraphs (a) and
(b) of this Paragraph may be exercised only where a Margin Deficit or Margin Excess, as the case may be, exceeds a specified dollar amount or a specified percentage of the Repurchase Prices for such Transactions (which amount or percentage
shall be agreed to by Buyer and Seller prior to entering into any such Transactions). 

  

	 	(f)	Seller and Buyer may agree, with respect to any or all Transactions hereunder, that the respective rights of Buyer and Seller under subparagraphs (a) and
(b) of this Paragraph to require the elimination of a Margin Deficit or a Margin Excess, as the case may be, may be exercised whenever such a Margin Deficit or Margin Excess exists with respect to any single Transaction hereunder (calculated
without regard to any other Transaction outstanding under this Agreement). 

  

	5.	Income Payments 

 Seller
shall be entitled to receive an amount equal to all Income paid or distributed on or in respect of the Securities that is not otherwise received by Seller, to the full extent it would be so entitled if the Securities had not been sold to Buyer.
Buyer shall, as the parties may agree with respect to any Transaction (or, in the absence of any such agreement, as Buyer shall reasonably determine in its discretion), on the date such Income is paid or distributed either (i) transfer to or
credit to the account of Seller such Income with respect to any Purchased Securities subject to such Transaction or (ii) with respect to Income paid in cash, apply the Income payment or payments to reduce the amount, if any, to be transferred
to Buyer by Seller upon termination of such Transaction. Buyer shall not be obligated to take any action pursuant to the preceding sentence (A) to the extent that such action would result in the creation of a Margin Deficit, unless prior
thereto or simultaneously therewith Seller transfers to Buyer cash or Additional 

  
 5 

 
Purchased Securities sufficient to eliminate such Margin Deficit, or (B) if an Event of Default with respect to Seller has occurred and is then continuing at the time such Income is paid or
distributed. 
  

	6.	Security Interest 

Although the parties intend that all Transactions hereunder be sales and purchases and not loans, in the event any such Transactions are
deemed to be loans, Seller shall be deemed to have pledged to Buyer as security for the performance by Seller of its obligations under each such Transaction, and shall be deemed to have granted to Buyer a security interest in, all of the Purchased
Securities with respect to all Transactions hereunder and all Income thereon and other proceeds thereof. 
  

	7.	Payment and Transfer 

Unless otherwise mutually agreed, all transfers of funds hereunder shall be in immediately available funds. All Securities transferred by
one party hereto to the other party (i) shall be in suitable form for transfer or shall be accompanied by duly executed instruments of transfer or assignment in blank and such other documentation as the party receiving possession may reasonably
request, (ii) shall be transferred on the book-entry system of a Federal Reserve Bank, or (iii) shall be transferred by any other method mutually acceptable to Seller and Buyer. 

 

	8.	Segregation of Purchased Securities 

 To the extent required by applicable law, all Purchased Securities in the possession of Seller shall be segregated from other securities in its possession and shall be identified as subject to this
Agreement. Segregation may be accomplished by appropriate identification on the books and records of the holder, including a financial or securities intermediary or a clearing corporation. All of Seller’s interest in the Purchased Securities
shall pass to Buyer on the Purchase Date and, unless otherwise agreed by Buyer and Seller, nothing in this Agreement shall preclude Buyer from engaging in repurchase transactions with the Purchased Securities or otherwise selling, transferring,
pledging or hypothecating the Purchased Securities, but no such transaction shall relieve Buyer of its obligations to transfer Purchased Securities to Seller pursuant to Paragraph 3, 4 or 11 hereof, or of Buyer’s obligation to credit or
pay Income to, or apply Income to the obligations of, Seller pursuant to Paragraph 5 hereof. 

  
 6 

 
			
	 	 	 Required Disclosure for Transactions in Which
the Seller Retains Custody of the Purchased Securities
  
 Seller is not
permitted to substitute other securities for those subject to this Agreement and therefore must keep Buyer’s securities segregated at all times, unless in this Agreement Buyer grants Seller the right to substitute other securities. If Buyer
grants the right to substitute, this means that Buyer’s securities will likely be commingled with Seller’s own securities during the trading day. Buyer is advised that, during any trading day that Buyer’s securities are commingled
with Seller’s securities, they [will]* [may]** be subject to liens granted by Seller to [its clearing bank]* [third parties]** and may be used by Seller for deliveries on other securities transactions. Whenever the securities are commingled,
Seller’s ability to resegregate substitute securities for Buyer will be subject to Seller’s ability to satisfy [the clearing]* [any]** lien or to obtain substitute securities.

	 	 	  

*       Language to be used under 17 C.F.R. B403.4(e) if Seller is a
government securities broker or dealer other than a financial institution.

**     Language to be used under 17 C.F.R. B403.5(d) if Seller is a financial
institution.
  

  

	9.	Substitution 

  

	 	(a)	Seller may, subject to agreement with and acceptance by Buyer, substitute other Securities for any Purchased Securities. Such substitution shall be made by transfer to
Buyer of such other Securities and transfer to Seller of such Purchased Securities. After substitution, the substituted Securities shall be deemed to be Purchased Securities. 

 

	 	(b)	In Transactions in which Seller retains custody of Purchased Securities, the parties expressly agree that Buyer shall be deemed, for purposes of subparagraph (a)
of this Paragraph, to have agreed to and accepted in this Agreement substitution by Seller of other Securities for Purchased Securities; provided, however, that such other Securities shall have a Market Value at least equal to the
Market Value of the Purchased Securities for which they are substituted. 

  

	10.	Representations 

 Each of
Buyer and Seller represents and warrants to the other that (i) it is duly authorized to execute and deliver this Agreement, to enter into Transactions contemplated hereunder and to perform its obligations hereunder and has taken all necessary
action to authorize such execution, delivery and performance, (ii) it will engage in such Transactions as principal (or, if agreed in writing, in the form of an annex hereto or otherwise, in advance of any Transaction by the other party hereto,
as agent for a disclosed principal), (iii) the person signing this Agreement on its behalf is duly authorized to do so on its behalf (or on behalf of any such disclosed principal), (iv) it has obtained all authorizations of any
governmental body required in connection with this Agreement and the Transactions hereunder and such authorizations are in full force and effect and (v) the execution, delivery and performance of this Agreement and the Transactions hereunder
will not violate any law, ordinance, charter, by-law or rule applicable to it or any agreement by which it is bound or by which any of its assets are affected. On the Purchase Date for any Transaction Buyer and Seller shall each be deemed to repeat
all the foregoing representations made by it. 

  
 7 

	11.	Events of Default 

 In the
event that (i) Seller fails to transfer or Buyer fails to purchase Purchased Securities upon the applicable Purchase Date, (ii) Seller fails to repurchase or Buyer fails to transfer Purchased Securities upon the applicable Repurchase Date,
(iii) Seller or Buyer fails to comply with Paragraph 4 hereof, (iv) Buyer fails, after one business day’s notice, to comply with Paragraph 5 hereof, (v) an Act of Insolvency occurs with respect to Seller or Buyer,
(vi) any representation made by Seller or Buyer shall have been incorrect or untrue in any material respect when made or repeated or deemed to have been made or repeated, or (vii) Seller or Buyer shall admit to the other its inability to,
or its intention not to, perform any of its obligations hereunder (each an “Event of Default”): 
  

	 	(a)	The nondefaulting party may, at its option (which option shall be deemed to have been exercised immediately upon the occurrence of an Act of Insolvency), declare an
Event of Default to have occurred hereunder and, upon the exercise or deemed exercise of such option, the Repurchase Date for each Transaction hereunder shall, if it has not already occurred, be deemed immediately to occur (except that, in the event
that the Purchase Date for any Transaction has not yet occurred as of the date of such exercise or deemed exercise, such Transaction shall be deemed immediately canceled). The nondefaulting party shall (except upon the occurrence of an Act of
Insolvency) give notice to the defaulting party of the exercise of such option as promptly as practicable. 

  

	 	(b)	In all Transactions in which the defaulting party is acting as Seller, if the nondefaulting party exercises or is deemed to have exercised the option referred to in
subparagraph (a) of this Paragraph, (i) the defaulting party’s obligations in such Transactions to repurchase all Purchased Securities, at the Repurchase Price therefor on the Repurchase Date determined in accordance with
subparagraph (a) of this Paragraph, shall thereupon become immediately due and payable, (ii) all Income paid after such exercise or deemed exercise shall be retained by the nondefaulting party and applied to the aggregate unpaid Repurchase
Prices and any other amounts owing by the defaulting party hereunder, and (iii) the defaulting party shall immediately deliver to the nondefaulting party any Purchased Securities subject to such Transactions then in the defaulting party’s
possession or control. 

  

	 	(c)	In all Transactions in which the defaulting party is acting as Buyer, upon tender by the nondefaulting party of payment of the aggregate Repurchase Prices for all such
Transactions, all right, title and interest in and entitlement to all Purchased Securities subject to such Transactions shall be deemed transferred to the nondefaulting party, and the defaulting party shall deliver all such Purchased Securities to
the nondefaulting party. 

  
 8 

	 	(d)	If the nondefaulting party exercises or is deemed to have exercised the option referred to in subparagraph (a) of this Paragraph, the nondefaulting party, without
prior notice to the defaulting party, may: 

  

	 	(i)	as to Transactions in which the defaulting party is acting as Seller, (A) immediately sell, in a recognized market (or otherwise in a commercially reasonable
manner) at such price or prices as the nondefaulting party may reasonably deem satisfactory, any or all Purchased Securities subject to such Transactions and apply the proceeds thereof to the aggregate unpaid Repurchase Prices and any other amounts
owing by the defaulting party hereunder or (B) in its sole discretion elect, in lieu of selling all or a portion of such Purchased Securities, to give the defaulting party credit for such Purchased Securities in an amount equal to the price
therefor on such date, obtained from a generally recognized source or the most recent closing bid quotation from such a source, against the aggregate unpaid Repurchase Prices and any other amounts owing by the defaulting party hereunder; and

  

	 	(ii)	as to Transactions in which the defaulting party is acting as Buyer, (A) immediately purchase, in a recognized market (or otherwise in a commercially reasonable
manner) at such price or prices as the nondefaulting party may reasonably deem satisfactory, securities (“Replacement Securities”) of the same class and amount as any Purchased Securities that are not delivered by the defaulting party to
the nondefaulting party as required hereunder or (B) in its sole discretion elect, in lieu of purchasing Replacement Securities, to be deemed to have purchased Replacement Securities at the price therefor on such date, obtained from a generally
recognized source or the most recent closing offer quotation from such a source. 

 Unless otherwise provided in
Annex I, the parties acknowledge and agree that (1) the Securities subject to any Transaction hereunder are instruments traded in a recognized market, (2) in the absence of a generally recognized source for prices or bid or offer
quotations for any Security, the nondefaulting party may establish the source therefor in its sole discretion and (3) all prices, bids and offers shall be determined together with accrued Income (except to the extent contrary to market practice
with respect to the relevant Securities). 
  

	 	(e)	As to Transactions in which the defaulting party is acting as Buyer, the defaulting party shall be liable to the nondefaulting party for any excess of the price paid
(or deemed paid) by the nondefaulting party for Replacement Securities over the Repurchase Price for the Purchased Securities replaced thereby and for any amounts payable by the defaulting party under Paragraph 5 hereof or otherwise hereunder.

  

	 	(f)	 For purposes of this Paragraph 11, the Repurchase Price for each Transaction hereunder in respect of which the defaulting party is acting

  
 9 

	 	
as Buyer shall not increase above the amount of such Repurchase Price for such Transaction determined as of the date of the exercise or deemed exercise by the nondefaulting party of the option
referred to in subparagraph (a) of this Paragraph. 

  

	 	(g)	The defaulting party shall be liable to the nondefaulting party for (i) the amount of all reasonable legal or other expenses incurred by the nondefaulting party in
connection with or as a result of an Event of Default, (ii) damages in an amount equal to the cost (including all fees, expenses and commissions) of entering into replacement transactions and entering into or terminating hedge transactions in
connection with or as a result of an Event of Default, and (iii) any other loss, damage, cost or expense directly arising or resulting from the occurrence of an Event of Default in respect of a Transaction. 

 

	 	(h)	To the extent permitted by applicable law, the defaulting party shall be liable to the nondefaulting party for interest on any amounts owing by the defaulting party
hereunder, from the date the defaulting party becomes liable for such amounts hereunder until such amounts are (i) paid in full by the defaulting party or (ii) satisfied in full by the exercise of the nondefaulting party’s rights
hereunder. Interest on any sum payable by the defaulting party to the nondefaulting party under this Paragraph 11(h) shall be at a rate equal to the greater of the Pricing Rate for the relevant Transaction or the Prime Rate.

  

	 	(i)	The nondefaulting party shall have, in addition to its rights hereunder, any rights otherwise available to it under any other agreement or applicable law.

  

	12.	Single Agreement 

 Buyer
and Seller acknowledge that, and have entered hereinto and will enter into each Transaction hereunder in consideration of and in reliance upon the fact that, all Transactions hereunder constitute a single business and contractual relationship and
have been made in consideration of each other. Accordingly, each of Buyer and Seller agrees (i) to perform all of its obligations in respect of each Transaction hereunder, and that a default in the performance of any such obligations shall
constitute a default by it in respect of all Transactions hereunder, (ii) that each of them shall be entitled to set off claims and apply property held by them in respect of any Transaction against obligations owing to them in respect of any
other Transactions hereunder and (iii) that payments, deliveries and other transfers made by either of them in respect of any Transaction shall be deemed to have been made in consideration of payments, deliveries and other transfers in respect
of any other Transactions hereunder, and the obligations to make any such payments, deliveries and other transfers may be applied against each other and netted. 
  

	13.	Notices and Other Communications 

 Any and all notices, statements, demands or other communications hereunder may be given by a party to the other by mail, facsimile, telegraph, messenger

  
 10 

 
or otherwise to the address specified in Annex II hereto, or so sent to such party at any other place specified in a notice of change of address hereafter received by the other. All notices,
demands and requests hereunder may be made orally, to be confirmed promptly in writing, or by other communication as specified in the preceding sentence. 
  

	14.	Entire Agreement; Severability 

 This Agreement shall supersede any existing agreements between the parties containing general terms and conditions for repurchase transactions. Each provision and agreement herein shall be treated as
separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement. 

 

	15.	Non-assignability; Termination 

  

	 	(a)	The rights and obligations of the parties under this Agreement and under any Transaction shall not be assigned by either party without the prior written consent of the
other party, and any such assignment without the prior written consent of the other party shall be null and void. Subject to the foregoing, this Agreement and any Transactions shall be binding upon and shall inure to the benefit of the parties and
their respective successors and assigns. This Agreement may be terminated by either party upon giving written notice to the other, except that this Agreement shall, notwithstanding such notice, remain applicable to any Transactions then outstanding.

  

	 	(b)	Subparagraph (a) of this Paragraph 15 shall not preclude a party from assigning, charging or otherwise dealing with all or any part of its interest in any sum
payable to it under Paragraph 11 hereof. 

  

	16.	Governing Law 

 This
Agreement shall be governed by the laws of the State of New York without giving effect to the conflict of law principles thereof. 
  

	17.	No Waivers, Etc. 

 No
express or implied waiver of any Event of Default by either party shall constitute a waiver of any other Event of Default and no exercise of any remedy hereunder by any party shall constitute a waiver of its right to exercise any other remedy
hereunder. No modification or waiver of any provision of this Agreement and no consent by any party to a departure herefrom shall be effective unless and until such shall be in writing and duly executed by both of the parties hereto. Without
limitation on any of the foregoing, the failure to give a notice pursuant to Paragraph 4 (a) or 4(b) hereof will not constitute a waiver of any right to do so at a later date. 

  
 11 

	18.	Use of Employee Plan Assets 

  

	 	(a)	If assets of an employee benefit plan subject to any provision of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) are intended to be
used by either party hereto (the “Plan Party”) in a Transaction, the Plan Party shall so notify the other party prior to the Transaction. The Plan Party shall represent in writing to the other party that the Transaction does not constitute
a prohibited transaction under ERISA or is otherwise exempt therefrom, and the other party may proceed in reliance thereon but shall not be required so to proceed. 

 

	 	(b)	Subject to the last sentence of subparagraph (a) of this Paragraph, any such Transaction shall proceed only if Seller furnishes or has furnished to Buyer its most
recent available audited statement of its financial condition and its most recent subsequent unaudited statement of its financial condition. 

  

	 	(c)	By entering into a Transaction pursuant to this Paragraph, Seller shall be deemed (i) to represent to Buyer that since the date of Seller’s latest such
financial statements, there has been no material adverse change in Seller’s financial condition which Seller has not disclosed to Buyer, and (ii) to agree to provide Buyer with future audited and unaudited statements of its financial
condition as they are issued, so long as it is a Seller in any outstanding Transaction involving a Plan Party. 

  

	19.	Intent 

  

	 	(a)	The parties recognize that each Transaction is a “repurchase agreement” as that term is defined in Section 101 of Title 11 of the United States
Code, as amended (except insofar as the type of Securities subject to such Transaction or the term of such Transaction would render such definition inapplicable), and a “securities contract” as that term is defined in Section 741 of
Title 11 of the United States Code, as amended (except insofar as the type of assets subject to such Transaction would render such definition inapplicable). 

 

	 	(b)	It is understood that either party’s right to liquidate Securities delivered to it in connection with Transactions hereunder or to exercise any other remedies
pursuant to Paragraph 11 hereof is a contractual right to liquidate such Transaction as described in Sections 555, 559 and 561 of Title 11 of the United States Code, as amended, and that this Agreement constitutes a “master
netting agreement” as defined in Section 101(38A) of Title 11 of the United States Code, as amended. 

  

	 	(c)	The parties agree and acknowledge that if a party hereto is an “insured depository institution,” as such term is defined in the Federal Deposit Insurance Act,
as amended (“FDIA”), then each Transaction hereunder is a “qualified financial contract,” as that term is defined in FDIA and any rules, orders or policy statements thereunder (except insofar as the type of assets subject to such
Transaction would render such definition inapplicable). 

  

	 	(d)	It is understood that this Agreement constitutes a “netting contract” as defined in and subject to Title IV of the Federal Deposit Insurance Corporation
Improvement Act of 1991, as amended (“FDICIA”) and each payment entitlement and payment obligation under any Transaction hereunder shall constitute a “covered contractual payment entitlement” or “covered contractual payment
obligation”, respectively, as defined in and subject to FDICIA (except insofar as one or both of the parties is not a “financial institution” as that term is defined in FDICIA). 

  
 12 

	20.	Disclosure Relating to Certain Federal Protections 

 The parties acknowledge that they have been advised that: 
  

	 	(a)	in the case of Transactions in which one of the parties is a broker or dealer registered with the Securities and Exchange Commission (“SEC”) under
Section 15 of the Securities Exchange Act of 1934, as amended (“1934 Act”), the Securities Investor Protection Corporation has taken the position that the provisions of the Securities Investor Protection Act of 1970, as amended
(“SIPA”) do not protect the other party with respect to any Transaction hereunder; 

  

	 	(b)	in the case of Transactions in which one of the parties is a government securities broker or a government securities dealer registered with the SEC under
Section 15C of the 1934 Act, SIPA will not provide protection to the other party with respect to any Transaction hereunder; and 

  

	 	(c)	in the case of Transactions in which one of the parties is a financial institution, funds held by the financial institution pursuant to a Transaction hereunder are not
a deposit and therefore are not insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund, as applicable. 

 [Signatures follow on separate page] 

  
 13 

													
	AMGEN INC.	 		 	Bank of America, N.A.
					
	By:	 	 /s/ Jonathan M. Peacock
	 		 	By:	 	 /s/ Jonathan Plowe

		 	Name:	 	Jonathan M. Peacock	 		 		 	Name:	 	Jonathan Plowe
		 	Title:	 	Executive Vice President and
Chief Financial Officer	 		 		 	 Title:
 Date:
	 	 Managing Director
 August 24,
2013

		 	Date:	 	August 24, 2013	 		 		 		 	

 [Signature Page to Master Repurchase Agreement] 

 ANNEX I 
 Supplemental Terms and Conditions 
 This Annex I forms a part of the Master
Repurchase Agreement, dated as of August 24, 2013, between Amgen Inc. (the “Seller”) and Bank of America, N.A. (the “Buyer”) (as amended, amended and restated, supplemented or otherwise modified from time to
time, the “Agreement”). Capitalized terms used but not defined in this Annex I shall have the meanings ascribed to them in the Agreement. References in this Annex I and in the Agreement to provisions of the Agreement shall refer to
such provisions as amended by this Annex I. 
  

	1.	Other Applicable Annexes. In addition to this Annex I and Annex II, the following Annexes and any Schedules thereto shall form a part of the Agreement and
shall be applicable thereunder: 

 None. 

 

	2.	Definitions. 

  

	 	(a)	For purposes of the Agreement and this Annex I, the following terms shall have the following meanings: 

“Act of Insolvency”, with respect to any party, (i) the commencement by such party as debtor of any case or proceeding
under any bankruptcy, insolvency, reorganization, liquidation, moratorium, dissolution, delinquency or similar law, or such party seeking the appointment or election of a receiver, conservator, trustee, custodian or similar official for such party
or any substantial part of its property, or the convening of any meeting of creditors for purposes of commencing any such case or proceeding or seeking such an appointment or election, (ii) the commencement of any such case or proceeding
against such party, or another seeking such an appointment or election, or the filing against a party of an application for a protective decree under the provisions of the Securities Investor Protection Act of 1970, as amended, which (A) is
consented to or not timely contested by such party, (B) results in the entry of an order for relief, such an appointment or election, the issuance of such a protective decree or the entry of an order having a similar effect, or (C) is not
dismissed within 60 days, (iii) the making by such party of a general assignment for the benefit of creditors, or (iv) the admission in writing by such party of such party’s inability to pay such party’s debts as they become due;

 “Action” means any claim, action, suit, arbitration, inquiry, proceeding or investigation by or before any
Governmental Authority; 
 “Actual Knowledge” means the actual knowledge of any Senior Officer of Seller; 

“Affiliate” of any specified person means any other person directly or indirectly controlling or controlled by or under direct
or indirect common control with such specified person. For purposes of this definition, “control,” as used with respect 

  
 15 

 
to any person, will mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such person, whether through the ownership of
voting securities, by agreement or otherwise; 
 “Ancillary Agreement” means the Ancillary Agreement between Seller and
Buyer entered into on or prior to the date of the initial Transaction hereunder and substantially in the form attached as Exhibit III hereto, as amended, amended and restated, supplemented or otherwise modified from time to time; 

“Availability Period” means the period from August 24, 2013 to February 24, 2014; 

“Business Day” means a day other than (i) a Saturday or Sunday or (ii) a day on which banks in New York, London or
Bermuda are authorized or required by law or executive order to, or customarily, remain closed; 
 “Certificate” means
the Certificate of Designations of Preferences, Limitations and Relative Rights of Class A Preferred Shares of ATL Holdings Limited, adopted on or prior to the date of the initial Transaction hereunder and substantially in the form attached as
Exhibit IV hereto; 
 “Common Shares” means share capital that has no preference in the matter of dividends or assets
and represents the residual ownership of a corporate business; 
 “Confirmation” has the meaning specified in
Paragraph 3(d) (as amended pursuant to the terms hereof); 
 “Default” means an event or circumstances that, with
the giving of notice or lapse of time or both, would constitute an Event of Default; 
 “Governmental Authority” means
any government, governmental, regulatory or administrative authority, agency or commission or any court, tribunal, or judicial body; 
 “Incipient Material Affiliate Event” has the same meaning as set forth in the Certificate; 
 “Income Payment Date” means, with respect to any Securities, the date on which Income is paid in respect of such Securities; 

“Indemnified Taxes” means Taxes imposed on or with respect to any payment made by or on account of any obligation of Seller
under this Agreement or the Ancillary Agreement, excluding, in the case of Buyer or its permitted assigns, (A) any taxes imposed on or measured by its overall net income, franchise taxes imposed on it (in lieu of net income taxes) and branch
profits taxes, in each case, imposed by the jurisdiction (or any political subdivision thereof) under the Laws of which Buyer or its permitted assigns are organized or maintains a fixed place of business, (B) any taxes attributable to
Buyer’s or its permitted assigns’ failure 

  
 16 

 
or inability to provide the forms set forth in paragraph 26(b) of Annex I as applicable, including any taxes required to be deducted or withheld on the basis of the information, certificates or
statements of exemption Buyer or its permitted assigns transmit with an IRS Form W-8IMY pursuant to paragraph 26(b) of Annex I, (C) if the forms provided by Buyer or its permitted assigns pursuant to paragraph 26(b) of Annex I at the time Buyer
or its permitted assigns first become a party to this Agreement indicate a United States interest withholding tax rate in excess of zero, withholding tax at such rate unless and until Buyer or its permitted assigns provide new forms certifying that
a lesser rate applies, whereupon withholding tax at such lesser rate only shall be considered excluded from Taxes for periods governed by such forms; and (D) United States withholding taxes imposed under FATCA; 

“Law” means any publicly promulgated applicable statute, law, ordinance, regulation, rule, code, order, other requirement or
rule of law; 
 “Material Adverse Effect” has the same meaning as set forth in the Certificate; 

“Material Affiliate Event” has the same meaning as set forth in the Certificate; 

“Net Value” means: 
  

	 	(i)	if Buyer is the defaulting party, the amount which, in the reasonable opinion of Seller, represents the fair market value of the Purchased Securities, having regard to
such pricing sources and methods (which may include, without limitation, available quotations for the Purchased Securities) as Seller considers appropriate. 

 

	 	(ii)	if Seller is the defaulting party: 

  

	 	(A)	if any of the Purchased Securities are sold through the Valuation Process on or prior to the Valuation Process Cut-Off Date, then the Net Value in respect of such
Purchased Securities shall be the net proceeds received by Buyer in respect of such Purchased Securities at the conclusion of the Valuation Process, net of all reasonable costs, commissions, fees and expenses incurred by Buyer in connection with the
Valuation Process; 

  

	 	(B)	if any of the Purchased Securities have not been sold through the Valuation Process on or prior to the Valuation Process Cut-Off Date, then the Net Value in respect of
such Purchased Securities shall be the amount which, in the reasonable opinion of Buyer, represents their fair market value, having regard to such pricing sources and methods (which may include, without limitation, available quotations for the
Purchased Securities) as Buyer considers appropriate; 

 “Price Differential” has the meaning specified
in the Confirmation; 

  
 17 

 “Price Differential Payment Date” means each of the dates specified in the
Confirmation as being a Price Differential Payment Date; 
 “Purchase Price” means (i) on the Purchase Date, the
price at which Purchased Securities are transferred by Seller to Buyer, and (ii) thereafter, such price decreased by the amount of any cash applied to reduce Seller’s obligations under clause (ii) of Paragraph 5 of this Agreement
(as amended herein); 
 “Purchased Securities” means as of any date of determination, the aggregate number of shares of
the Purchased Security that have been purchased by Buyer pursuant to Transactions hereunder, plus any Securities substituted for Purchased Securities in accordance with Paragraph 9 of this Agreement (as amended herein), less the number, if any, of
shares of the Purchased Security for which the Repurchase Price has been tendered to Buyer in satisfaction of Seller’s obligation to repurchase such number of shares of the Purchased Security on or prior thereto less any Purchased Securities
for which securities have been substituted pursuant to Paragraph 9 of this Agreement (as amended herein); 
 “Purchased
Security” has the meaning specified in the Confirmation; 
 “Repurchase Date” means (i) the date on which
Seller is to repurchase the Purchased Securities from Buyer, including any date determined by application of the provisions of Paragraph 11 of this Agreement (as amended herein) or (ii) the date specified in a notice delivered by the Buyer to
the Seller following the introduction of or any change in or in the interpretation of any law or regulation which shall make it unlawful, or the assertion by any central bank or other governmental authority that it is unlawful, for the Buyer to
perform its obligations or to hold the Purchased Securities hereunder; provided, however, that any payments due from Seller shall be due not less than 90 days following delivery of such notice and such notice shall only be effective if Buyer
has previously used its reasonable best efforts to assign its rights under this Agreement to an Affiliate of Buyer on the terms and conditions provided herein and such Affiliate may lawfully comply with the Buyer’s obligations and hold the
Purchased Securities hereunder and such assignment will neither give rise to unindemnified costs to the Buyer or its Affiliates nor require burdensome actions on the part of Buyer or its Affiliates in order to comply with applicable law; 

“Repurchase Price” has the meaning specified in the Confirmation; 

“Senior Officer” means (a) the chief executive officer, (b) the chief financial officer, (c) the general counsel
or (d) the corporate treasurer; 
 “Taxes” mean any tax, duty, levy, impost, duty, charge, assessment or fee of
any nature (including any interest, penalties and additions thereto) that is imposed by any government or other taxing authority in respect of any payment; 
 “Trade Limitation Period” means the earlier to occur of (i) the thirtieth day after the initial Purchase Date and (ii) the expiration of the Availability Period; 

  
 18 

 “Transaction Documents” means (a) this Agreement, (b) the Ancillary
Agreement and (c) any Indemnity Documents (as defined in the Ancillary Agreement); 
 “Undrawn Fee Calculation
Period” means, with respect to each Undrawn Fee Payment Date, the period from and including the immediately preceding Undrawn Fee Payment Date to but excluding such Undrawn Fee Payment Date, except that (a) the initial Undrawn Fee
Calculation Period will commence on and include August 24, 2013 and end on but exclude the first Undrawn Fee Payment Date; 

“Undrawn Fee Payment Date” means each of December 14, 2013, and the last day of the Availability Period; 

“Valuation Process” means the following sequence of events: 

 

	 	(i)	Buyer shall deliver written notice to Seller that Buyer has elected to determine the Net Value of the Purchased Securities, which notice shall include the Net Value
determined by Buyer as if clause (ii)(B) of the definition of Net Value were applicable; 

  

	 	(ii)	following such notification, Seller may elect, by notice to Buyer (which notice shall state that Buyer will avail itself of the Valuation Process but need not identify
a financial institution or provide the price or other terms of any offer for the Purchased Securities) on or prior to the third Business Day following Buyer’s notice pursuant to clause (i), to designate a nationally or internationally
recognized financial institution to propose a firm price at which it will offer to purchase the Purchased Securities from Buyer pursuant to customary documentation reasonably satisfactory to Buyer, the terms of which (a) will provide that such
financial institution will be liable for and pay any share transfer payments due upon transfer of the Purchased Security to it, (b) will include customary representations of Buyer regarding the conveyance of good title to the Purchased
Securities, free and clear of liens, but not any provisions whereby Buyer indemnifies such financial institution for matters relating to the actions, status or financial condition of Seller or any of Seller’s affiliates, including ATL Holdings
Limited; 

  

	 	(iii)	if the financial institution designated by Seller has a combined capital and surplus of $500 million and a Thomson BankWatch Rating at the relevant time of
“B” or better, then Buyer shall negotiate in good faith with such financial institution and use its commercially reasonable efforts to consummate the sale of the Purchased Securities to such financial institution on or prior to the
Valuation Process Cut-Off Date; and 

 “Valuation Process Cut-Off Date” means the earliest to occur of
(i) Seller’s failure to notify Buyer of its election to avail itself of the Valuation Process within the time period specified in clause (ii) of the definition thereof; (ii) the date on which the sale of the Purchased Securities
pursuant to the Valuation Process is consummated; and (iii) the thirtieth calendar day following the date of Buyer’s notice to Seller pursuant to clause (i) of the definition of Valuation Process. 

 

	 	(b)	Paragraphs 2(a), 2(c), 2(d), 2(e), 2(g), 2(h), 2(i), 2(k), 2(o), 2(p), 2(q), 2(r), 2(s) and 2(t) of the Agreement are hereby deleted. 

  
 19 

	3.	Commitment to Enter into Transactions. 

 Subject to and in accordance with the terms and conditions of this Annex and the Agreement, Buyer agrees to enter into Transactions from time to time on any Business Day during the Availability Period;
provided, however, that Buyer shall have no obligation to enter into any proposed Transaction to the extent that the proposed number of Purchased Securities thereunder, when aggregated with the number of Purchased Securities under all
prior Transactions hereunder (whether or not such other Transactions are then outstanding) would exceed 34,097 or would cause the aggregate Purchase Price to exceed $3,100,000,000. 

 

	4.	Initiation; Effectiveness; Conditions; Confirmation; Termination. 

Paragraph 3 of the Agreement is hereby deleted and replaced with the following: 

 

	 	“3.	Initiation; Effectiveness; Conditions; Confirmation; Termination 

 

	 	(a)	Seller shall initiate each proposed Transaction by submitting a written request duly executed by an authorized officer of Seller in the form attached hereto as Exhibit
II for Buyer’s review, which shall set forth (i) the proposed number of Purchased Securities, which shall be an integral number not less than 5,500 and (ii) a date not earlier than three Business Days following, and not later than 15
Business Days following, the effective date of such request as the Purchase Date for the proposed Transaction and (iii) the Purchase Price per Purchased Security specified in the form of Confirmation appended hereto. Any such request shall be
effective (x) on the Business Day made, if delivered to Seller at or before 1:00 p.m. (New York City time) on such Business Day, or (y) otherwise, on the Business Day immediately following the date of its delivery to Buyer.

  

	 	(b)	The effectiveness of this Agreement is subject to the satisfaction of each of the following conditions precedent: 

 

	 	(i)	Buyer shall have received all of the following documents, each of which shall have been duly completed and executed by each of the parties thereto:

  

	 	(A)	this Agreement; 

  

	 	(B)	opinions of Sullivan & Cromwell LLP addressed to Buyer, in substantially the forms agreed between Buyer and Seller as at the date hereof;

  
 20 

	 	(C)	good standing certificates and certified copies of the charters and by-laws (or equivalent documents) of Seller and ATL Holdings Limited; and 

 

	 	(D)	certified copies of the resolutions of the shareholders and of the board of directors of ATL Holdings Limited, approving the reduction of share premium to nil;

  

	 	(ii)	Buyer shall have received from Seller copies of appropriate resolutions of the Seller authorizing the transactions contemplated hereby to be performed by Seller;

  

	 	(iii)	Buyer shall have received from Seller certified copies of resolutions of the board of directors of ATL Holdings Limited (x) approving the form of stock transfer
instrument (the “Stock Transfer Form”) in respect of the Purchased Security to be executed by the Seller for purposes of the Transaction, and (y) authorizing the registration of the Buyer as the holder of the Purchased Security in the
register of members of the Company, upon receipt by ATL Holdings Limited of the Stock Transfer Form executed by Seller; and 

  

	 	(iv)	Buyer shall have received all such other and further customary closing documentation, including without limitation legal opinions, financial information, third-party
consents, evidence of capacity, authority, incumbency and specimen signatures as Buyer in good faith shall reasonably require. 

  

	 	(c)	Buyer’s commitment to enter into each Transaction (including the initial Transaction) is subject to the satisfaction of the following further conditions precedent
as of the Purchase Date designated in accordance with Paragraph 3(a), both immediately prior to entering into such Transaction and also after giving effect to the consummation thereof and the intended use of the proceeds of the sale of the
Purchased Securities: 

  

	 	(i)	Buyer shall have received all of the following documents, each of which shall have been duly completed and executed by each of the parties thereto:

  

	 	(A)	a certificate of the corporate secretary or director of ATL Holdings Limited certifying that (1) ATL Holdings Limited’s Memorandum of Association, Bye Laws
and the Certificate, as in effect on such date, are in substantially the form agreed between Buyer and Seller as at the date hereof, and (2) Mr. Richard Price and Ms. Pamela Gibson have been duly appointed as directors of ATL Holdings
Limited; 

  
 21 

	 	(B)	opinions of Appleby (Bermuda) Limited addressed to Buyer, in substantially the forms agreed between Buyer and Seller as at the date hereof; 

 

	 	(C)	the Ancillary Agreement; 

  

	 	(D)	a certified copy of the Memorandum of Reduction of Share Capital as filed with the Registrar of Companies of Bermuda with the effective date of such reduction having
occurred prior to funding; and 

  

	 	(E)	certification that no objections to such reduction have been delivered to ATL Holdings Limited or to any relevant governmental authorities and that the share premium is
nil; 

  

	 	(ii)	each representation or warranty of Seller and ATL Holdings Limited contained herein or in the Ancillary Agreement is true and correct in all material respects (or, in
the case of a representation or warranty that is already qualified by materiality, in all respects), as of the Purchase Date with the same force and effect as though made on and as of such date (except to the extent that such representation or
warranty expressly relates solely to an earlier date, in which case as of such earlier date); 

  

	 	(iii)	as of the Purchase Date for such proposed Transaction, no Act of Insolvency shall have occurred with respect to any of Seller or ATL Holdings Limited;

  

	 	(iv)	Buyer shall have received documentary evidence that the shares of the Purchased Security that are to be purchased by Buyer under the proposed Transaction have been
registered in the name of Buyer and conveyed to Buyer free and clear of any lien, charge, claim or other encumbrances, to include, (I) evidence that no charges have been filed in Bermuda against the Seller under s. 61 of the Companies Act 1981
of Bermuda in respect of any of its securities, (II) the original Stock Transfer Form executed by the Seller and dated as of the Purchase Date, and (III) immediately following registration of the Purchased Security in the name of the Buyer, a
certified extract of the register of members of ATL Holdings Limited showing the Buyer as the registered holder of the Purchased Security and the Seller shall procure that such extract is delivered to the Buyer no later than one Business Day
following the Purchase Date; 

  

	 	(v)	 a form UCC-1 naming Seller as debtor, naming Buyer as secured party, and describing the Purchased Securities shall have been duly filed with the
Recorder of Deeds of the District of Columbia; Seller shall have delivered one or more duly issued and authenticated share certificates evidencing the Purchased Security described in the relevant Confirmation to Buyer; Seller shall have delivered
two duly certified copies of the original executed 

  
 22 

	 	
Agreement to Conyers Dill & Pearman Limited for purposes of filing the same on the Register of Charges maintained by the Registrar of Companies in Bermuda; 

 

	 	(vi)	as of the Purchase Date, there shall not have occurred and be continuing any Incipient Material Affiliate Event or Material Affiliate Event (including a Default or
Event of Default with respect to Seller under this Agreement); 

  

	 	(vii)	no Action shall be pending or, to Seller’s Actual Knowledge, threatened by or before any Governmental Authority; no Law shall have been enacted after the date of
this Agreement; and no judicial or administrative decision shall have been rendered; in each case, which enjoins, prohibits or materially restricts, or seeks to enjoin, prohibit or materially restrict, the consummation of any Transaction
contemplated by this Agreement; 

  

	 	(viii)	Buyer shall have received a certificate from an officer of Seller certifying that the conditions precedent specified in clauses (ii), (iii), (vi) and, solely
with respect to actions of Seller and its Affiliates, (vii) of this Paragraph 3(c) are satisfied as of the Purchase Date; 

  

	 	(ix)	Buyer shall have received either (A) a certificate from an officer of Seller certifying that the assumptions of fact (which shall not include conclusions of law)
set forth in the non-consolidation opinion of Sullivan & Cromwell LLP delivered pursuant to Paragraph 3(b)(i)(B) hereof pertaining to substantive consolidation remain true and correct with respect to the applicable Transaction, or
(B) a further opinion of Sullivan & Cromwell LLP setting forth assumptions revised to reflect then current circumstances and reaching the same conclusions of law as those expressed in the non-consolidation opinion of
Sullivan & Cromwell LLP delivered pursuant to Paragraph 3(b)(i)(B) hereof; and 

  

	 	(x)	Buyer shall have received the opinions of Sullivan & Cromwell LLP in substantially the forms as agreed between Buyer and Seller as at the date hereof.

  

	 	(d)	Upon conditions precedent to a proposed Transaction being satisfied (or waived by Buyer), Buyer shall promptly, and, in any event, no later than one Business Day after
satisfaction or waiver of the conditions precedent, deliver to Seller a written confirmation of the Transaction (a “Confirmation”) in the form of Exhibit I hereto. Each Confirmation, together with this Agreement, shall be
conclusive evidence of the terms of the Transaction(s) covered thereby (absent manifest error) unless specific objection is made in writing by Seller no more than the third Business Day after such Confirmation is received by Seller.”

  

	5.	 Purchase Price Maintenance. Provided that no Event of Default with respect to Seller has occurred and is continuing, the parties agree
that in any Transaction hereunder whose 

  
 23 

	 	
term extends over an Income Payment Date for the Securities subject to such Transaction, Buyer shall (including by causing its custodian, if any, to take such actions on its behalf), on the first
Business Day following the Income Payment Date, transfer to or credit to the account of Seller an amount equal to such Income payment or payments pursuant to Paragraph 5(i) of the Agreement and Buyer shall not apply the Income payment or
payments to reduce the amount to be transferred to Buyer by Seller upon termination of the Transaction pursuant to Paragraph 5(ii) of the Agreement; provided, however, that any Income paid as consideration for a redemption of the
Purchased Securities, regardless whether the Repurchase Date shall have been accelerated, shall be applied first to reduce the Repurchase Price and shall only be transferred to or credited for the account of Seller to the extent that such further
application would reduce the Repurchase Price, as of the Income Payment Date, below zero. 

  

	6.	Margin Maintenance. Paragraph 4 of the Agreement is hereby deleted in its entirety. 

 

	7.	No Recognized Market. Notwithstanding anything to the contrary in the Agreement but subject to the Valuation Process to the extent it is applicable,
Seller and Buyer acknowledge and agree that the Purchased Securities subject to the Transaction hereunder are not instruments traded in a recognized market and therefore the nondefaulting party may establish the Net Value acting in a commercially
reasonable manner. 

  

	8.	Income Payments. Paragraph 5 of the Agreement is hereby amended (a) by replacing the words “on the date such Income is paid or distributed”
in the second sentence thereof with the following words: “on the date that is the first Business Day after the applicable Income Payment Date”; (b) by deleting Clause (A) thereof; (c) by replacing the second occurrence of
the word “Buyer” in the second sentence thereof with the word “Seller”; and (d) by replacing the words “such Income” in clause (i) of the second sentence thereof with the words “all such Income received
by it”. 

  

	9.	Security Interest. Paragraph 6 of the Agreement is hereby deleted and replaced with the following: 

 

	 	“6.	Security Interest. Although the parties intend that all Transactions hereunder be sales and purchases and not loans, in the event any such Transactions
are deemed to be loans, Seller shall be deemed to have pledged or charged to Buyer as security for the performance by Seller of its obligations under each such Transaction, and shall be deemed to have granted to Buyer a security interest in, all of
Seller’s right, title and interest in and to the Purchased Securities with respect to all Transactions hereunder, all securities accounts to which the Purchased Securities are credited and all security entitlements with respect thereto and all
Income on and other proceeds of the foregoing.” 

  

	10.	Segregation of Purchased Securities. Paragraph 8 of the Agreement is hereby amended by deleting the words “3, 4, or” in the twelfth line
thereof. 

  

	11.	Substitution. Clause (b) of Paragraph 9 of the Agreement is hereby deleted in its entirety. 

  
 24 

	12.	Representations. Paragraph 10 of the Agreement is hereby deleted and replaced with the following: 

 

	 	“10.	Representations. 

  

	 	(a)	Each of Buyer and Seller represents and warrants to the other that (i) it is duly authorized to execute and deliver this Agreement, to enter into Transactions
contemplated hereunder and to perform its obligations hereunder and has taken all necessary action to authorize such execution, delivery and performance, (ii) it will engage in such Transactions as principal (or, if agreed in writing, in the
form of an annex hereto or otherwise, in advance of any Transaction by the other party hereto, as agent for a disclosed principal), (iii) the person executing and delivering this Agreement on its behalf was at the time of execution and delivery
duly authorized to do so on its behalf (or on behalf of any such disclosed principal), (iv) it has obtained all authorizations of any governmental body required in connection with this Agreement and the Transactions hereunder and such
authorizations are in full force and effect and (v) the execution, delivery and performance of this Agreement and the Transactions hereunder will not violate any law, ordinance, charter, by-law or rule applicable to it or any agreement by which
it is bound or by which any of its assets are affected, except, in the case of clauses (iv) and (v), as would not reasonably be expected to have a material adverse effect on the Unaffiliated Holders or the Buyer or any of their officers,
directors and agents. 

  

	 	(b)	Buyer warrants and represents that it is a national banking association organized under the laws of the United States of America.” 

 

	13.	Events of Default 

  

	 	(a)	The first paragraph in Paragraph 11 of the Agreement is hereby deleted and replaced with the following: 

“In the event that (i) Seller fails to transfer Purchased Securities or Buyer fails to transfer the Purchase Price in accordance
with the Agreement, (ii) Seller fails to repurchase or Buyer fails to transfer Purchased Securities upon the applicable Repurchase Date (except that a failure to repurchase Purchased Securities upon the applicable Repurchase Date shall not
constitute an Event of Default for the Seller in the event that Buyer is a defaulting party on such Repurchase Date), (iii) Buyer fails to comply with Paragraph 5 of this Agreement as amended or paragraph 5 of Annex I, and such failure is
not remedied on or before the second Business Day after such failure, (iv) Seller fails to pay Buyer the Price Differential on the related Price Differential Payment Date and such failure is not remedied on or before the fifth Business Day
following the related Price Differential Payment Date, (v) Seller fails to pay to Buyer any amounts, other than Price Differential, owing under this Agreement when due and such failure is not remedied on or before the thirtieth day following
the date on which such amounts are due, (vi) an Act of Insolvency occurs with respect to Seller or Buyer, 

  
 25 

 
(vii) any representation made by Seller or Buyer hereunder shall have been incorrect or untrue in any material respect when made or repeated or deemed to have been made or repeated,
(viii) Seller or Buyer shall admit in writing to the other its inability to, or its intention not to, perform any of its obligations hereunder, or (ix) Buyer or Seller breaches Paragraph 15(a) of this Agreement as amended herein
(each, an “Event of Default”); 
  

	 	(b)	Paragraph 11(a) of the Agreement is hereby amended by inserting the words “ of the Seller” after the first occurrence of the words “Act of
Insolvency” and by inserting the words “ as to the defaulting party” after the first occurrence of the words “Event of Default”; 

  

	 	(c)	Paragraph 11(b) of the Agreement is hereby amended by inserting after the words “at the Repurchase Price therefor” the following words: “, together with
all unpaid Price Differential,”; 

  

	 	(d)	Paragraph 11(c) of the Agreement is hereby amended by inserting after the words “aggregate Repurchase Prices” the following words: “, together with all
accrued unpaid Price Differential,”; 

  

	 	(e)	Paragraph 11(d)(i) is hereby amended by deleting subparagraph (B) in its entirety and substituting the following words therefor: “(B) in its sole
discretion elect, in lieu of selling all or a portion of such Purchased Securities, to commence the Valuation Process and, upon determination of the Net Value following the Valuation Process Cut-Off Date, give the defaulting party credit for such
Purchased Securities in an amount equal to the Net Value therefor on such date of determination against the aggregate unpaid Repurchase Price and any other amounts owing by the defaulting party hereunder”; and 

 

	 	(f)	Paragraph 11(d)(ii) is hereby replaced with the following: 

  

	 	“(ii)	as to Transactions in which the defaulting party is acting as Buyer, determine in a commercially reasonable manner an amount equal to the Net Value of the Purchased
Securities that are not delivered by the defaulting party to the nondefaulting party as required hereunder.” 

  

	 	(g)	The last sentence of Paragraph 11(d) is hereby replaced with the following: “The parties acknowledge and agree that (1) in the absence of a generally
recognized source for prices or bid or offer quotations for any Security, the nondefaulting party may establish the source therefor in a commercially reasonable manner and (2) all prices, bids and offers shall be determined together with
accrued Income (except to the extent contrary to market practice with respect to the relevant Securities).” 

  

	 	(h)	Paragraph 11(e) is hereby replaced with the following: 

 “Upon application of the proceeds or determination of the Net Value, in each case as described in Paragraph 11(d), (i) Seller shall be liable to Buyer for the excess,

  
 26 

 
if any, of (1) (I) the Repurchase Price of all the outstanding Purchased Securities plus (II) any unpaid Price Differential over (2) (I), as applicable, (A) if the
defaulting party is acting as Buyer, the amount equal to the Net Value of the Purchased Securities as determined by Seller or (B) if the defaulting party is acting as Seller, the proceeds realized from the liquidation of the Purchased
Securities or the Net Value of the Purchased Securities as determined by Buyer plus (II) any amounts actually received by Buyer and payable by Buyer under Paragraph 5 hereof (as amended herein) and under paragraph 5 of Annex I, or
otherwise hereunder and not paid to Seller, and (ii) Buyer shall be liable to Seller for the excess, if any, of (1) (I), as applicable, (A) if the defaulting party is acting as Buyer, the amount equal to the Net Value of the Purchased
Securities as determined by Seller or (B) if the defaulting party is acting as Seller, the proceeds realized from the liquidation of the Purchased Securities or the Net Value of the Purchased Securities as determined by Buyer plus
(II) any amounts actually received by Buyer and payable by Buyer under Paragraph 5 hereof (as amended herein) and under paragraph 5 of Annex I, or otherwise hereunder and not paid over (2) (I) the Repurchase Price plus
(II) any unpaid Price Differential.” 
  

	 	(i)	Paragraph 11(g) is hereby deleted in its entirety. 

  

	 	(j)	For purposes of Paragraph 11, the Repurchase Price for each Transaction hereunder in respect of which the defaulting party is acting as Buyer shall not increase
above the amount of such Repurchase Price for such Transaction determined as of the date of the exercise or deemed exercise by the nondefaulting party of the option referred to in Paragraph 11(a) (as amended herein). 

 

	14.	Payments by Seller to Buyer. 

  

	 	(a)	Seller shall pay to Buyer on each Price Differential Payment Date an amount equal to the accrued unpaid Price Differential. 

 

	 	(b)	Seller agrees to pay to Buyer on each Undrawn Fee Payment Date after the date hereof a nonrefundable fee equal to the sum, over each calendar day during the related
Undrawn Fee Calculation Period, of (x) USD 3,100,000,000 minus the aggregate Purchase Price as of such day, multiplied by (y) 0.10% divided by 360. 

 

	 	(c)	 Any and all payments by Seller to or for the account of Buyer or its permitted assigns under the Agreement or the Ancillary Agreement shall be made
free and clear of and without deduction for any and all Taxes, except as required by applicable Law. If Seller shall be required by any Law to deduct any Taxes from or in respect of any sum payable under this Agreement or the Ancillary Agreement to
Buyer or its permitted assigns, (i) the sum payable shall be increased as necessary so that after making all required deductions for Indemnified Taxes (including deductions applicable to additional sums payable under this paragraph 14(c) of
Annex I), Buyer or its permitted assigns receive an amount equal to the sum it would have received had no such deductions been made, (ii) Seller shall make such deductions, (iii) Seller shall pay the full amount

  
 27 

	 	
deducted to the relevant taxation authority or other authority in accordance with applicable Law, and (iv) within 30 days after the date of such payment, Seller shall furnish to Buyer or its
permitted assigns the original or a certified copy of a receipt evidencing payment thereof (to the extent available). 

  

	15.	Overdue Payments. If a party does not pay any amount on the date due (without regard to any applicable grace periods), including without limitation any
Price Differential or any amount payable by Buyer under Paragraph 5 of the Agreement (as amended herein) or under paragraph 5 of Annex I, such party will, to the extent permitted by applicable law, pay interest on that amount to the other party
in the same currency as that amount, for the period from (and including) the date the amount becomes due to (but excluding) the date the amount is actually paid, by daily application of the greater of the Pricing Rate and the Prime Rate to such
amount. Notwithstanding the above, upon the declaration of an Event of Default, Paragraph 11(h) shall apply in lieu of this paragraph. 

  

	16.	Dividends, Distributions, etc. 

  

	 	(a)	In accordance with Paragraph 5 of the Agreement (as amended herein) and paragraph 5 of Annex I, but subject to subparagraph (d) of this paragraph 16 of Annex
I, Seller shall be entitled to receive an amount equal to all Income (including any return of capital in respect of the liquidation of the issuer thereof and any proceeds received upon the redemption of such Security by the issuer thereof) paid or
distributed on or in respect of Purchased Securities that is not otherwise received by Seller, to the full extent it would be so entitled if Purchased Securities had not been sold to Buyer, except as provided in Paragraph 5 of the Agreement (as
amended herein) and paragraph 5 of Annex I, with respect to Income paid as consideration for a redemption of the Purchased Securities. The parties expressly acknowledge and agree, for the avoidance of doubt, that Income shall include, but is not
limited to: (i) cash and all other property, (ii) stock dividends, (iii) Securities received as a result of split ups of Purchased Securities and distributions in respect thereof, and (iv) all rights to purchase additional
Securities (except to the extent that any amounts included in the foregoing clauses (i) through (iv) would be deemed to be Purchased Securities). 

 

	 	(b)	Income paid or distributed on or in respect of Purchased Securities, which Seller is entitled to receive pursuant to subparagraph (a) of this paragraph, shall be
treated in accordance with Paragraph 5 of the Agreement (as amended herein) and paragraph 5 of Annex I, as supplemented and modified herein. 

  

	 	(c)	 Any and all payments by Buyer to or for the account of Seller hereunder shall be made subject to deduction for any and all applicable future taxes,
levies, imposts, deductions, charges or withholdings, and all liabilities with respect thereto, excluding, in the case of the Buyer, (i) income or franchise taxes imposed on (or measured by) its net income or net profits by the United
States of America or by the jurisdiction (or any political subdivision of any such jurisdiction) under the laws of which Buyer is organized, in which its principal office (or other fixed place of business) is located or in which it is otherwise
engaged in a trade or 

  
 28 

	 	
business as a result of transactions unrelated to the Transactions, (ii) any branch profits tax or any similar tax that is imposed on Buyer with respect to Buyer’s income or profits by
any jurisdiction described in clause (i) above (all such non excluded taxes, levies, imposts, deductions, charges, withholdings and liabilities in respect of payments hereunder being hereinafter referred to as “Non-Excluded
Taxes”). Buyer shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable law. In the event that Buyer shall make a payment to or for the account of Seller that is subsequently
determined to be subject to Non-Excluded Taxes, Seller shall promptly reimburse Buyer for the amount of such Non-Excluded Taxes together with all costs and expenses associated therewith. 

 

	 	(d)	Notwithstanding anything to the contrary in Paragraph 5 of the Agreement (as amended herein), paragraph 5 of Annex I or subparagraphs (a) (b) and
(c) above, in the event that Seller fails to pay Buyer the Price Differential or the amount specified in paragraph 14(b) of this Annex I on the related Price Differential Payment Date or Undrawn Fee Payment Date and such failure is not
remedied on or before the third Business Day following such Price Differential Payment Date or Undrawn Fee Payment Date, then Buyer may, without exercising its option to declare an Event of Default to have occurred under the Agreement and only for
as long as such failure is continuing, retain Income paid or distributed after such Price Differential Payment Date or Undrawn Fee Payment Date and apply it to the amount of any accrued but unpaid Price Differential or amount specified in
paragraph 14(b) of this Annex I and, in each case, any interest thereon. 

  

	17.	Rights in Purchased Securities. For the avoidance of doubt, Seller waives any right to vote, or to provide any consent or to take any similar action with
respect to, Purchased Securities in the event that the record date or deadline for such vote, consent or other action falls during the term of the Transaction. 

 

	18.	Covered Transaction. Each party acknowledges and agrees that the transactions evidenced by Confirmations contemplated under Paragraph 3(d) of the
Agreement (as amended herein) shall be the only Transactions governed by the Agreement. The Seller and the Buyer shall not enter into any other Confirmations or Transactions hereunder. The parties hereby expressly agree that any TBMA Master
Agreement entered into between them after the date hereof shall not supersede the Agreement or the Transaction hereunder. 

  

	19.	Limited Recourse. Except as expressly set forth herein, the obligations of each party under the Agreement and the Transaction are solely the corporate
obligations of such party. Except as expressly set forth herein, no recourse shall be had for the payment of any amount owing by a party under the Agreement or for the payment by such party of any fee or any other obligation or claim of or against
such party arising out of or based upon the Agreement, against any trustee, adviser, employee, officer, director, incorporator, manager or affiliate of such party. The provisions of this paragraph shall survive the termination of the Agreement.

  
 29 

	20.	No Recourse against ATL Holdings Limited. Notwithstanding any condition relating to ATL Holdings Limited or any other provision of this Agreement, nothing
herein shall be construed as creating any obligation of ATL Holdings Limited to Buyer under this Agreement. 

  

	21.	Other Documents. Each party shall deliver to the other, upon request, such financial information, evidence of capacity, authority, incumbency and specimen
signatures and other documentation as are required by law or are reasonably requested in order to enable a party to comply with legal or regulatory requirements, except to the extent that such party is prohibited from disclosing such information as
a result of applicable law, rule or regulation. 

  

	22.	Submission to Jurisdiction and Waivers.  

  

	 	(a)	Each party irrevocably and unconditionally (i) submits to the exclusive jurisdiction of any United States Federal or New York State court sitting in the Borough of
Manhattan and any appellate court from any such court solely for the purpose of any suit, action or proceeding brought to enforce its obligations under the Agreement or relating in any way to the Agreement or any Transaction under the Agreement, and
(ii) waives, to the fullest extent it may effectively do so, any defense of an inconvenient forum to the maintenance of such action or proceeding in any such court and any right of jurisdiction on account of its place of residence or domicile.
Notwithstanding anything in this paragraph 22(a) of Annex I, each party may commence and maintain legal proceedings in Bermuda in connection with the Purchased Securities, ATL Holdings Limited, the organizational documents of ATL Holdings Limited,
and matters related thereto. 

  

	 	(b)	Each party hereby irrevocably agrees that the summons and complaint or any other process in any action in any jurisdiction may be served by mailing (using certified or
registered mail, postage prepaid) to the notice address for it set forth herein or by hand delivery to a person of suitable age and discretion at such address. Each party may also be served in any other manner permitted by law, in which event its
time to respond shall be the time provided by law. 

  

	 	(c)	To the extent that either party has or hereafter may acquire any immunity (sovereign or otherwise) from any legal action, suit or proceeding from jurisdiction of any
court or from set off or any legal process (whether service or notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment, or otherwise) with respect to itself or any of its property, such party hereby
irrevocably waives and agrees not to plead or claim such immunity in respect of any action brought to enforce its obligations under the Agreement or relating in any way to the Agreement or any Transaction hereunder. 

 

	23.	WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY PROCEEDING ARISING OUT OF OR
RELATING TO THE AGREEMENT OR ANY TRANSACTION HEREUNDER. 

  
 30 

	24.	Business Day. If any payment shall be required by the terms of the Agreement to be made on a day that is not a Business Day, such payment shall be made on
the immediately succeeding Business Day and no further Price Differential (with respect to a payment of Price Differential) or interest (with respect to any other payment due hereunder) shall accumulate or accrue after the day on which payment was
required. 

  

	25.	Counterparts. The Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in any number of counterparts,
each of which counterparts shall be deemed to be an original and such counterparts shall constitute but one and the same instrument. 

  

	26.	Tax Matters. 

  

	 	(a)	Seller and Buyer understand and intend that the Transaction provided for in the Agreement will be treated as a loan secured by the Purchased Securities for U.S. federal
income tax and state and local income and franchise tax purposes and will file any tax returns, tax reports and other tax filings in each case required to be filed under applicable U.S. federal income tax or state or local income or franchise tax
purposes, in a manner consistent with such understanding and intent and will not take any U.S. tax position inconsistent therewith. Nothing in Paragraphs 6 and 19(a) of the Agreement (as amended herein) shall be read to imply anything to the
contrary, and the statements therein shall be understood to be construed as subject to this paragraph 26(a) of Annex I. 

  

	 	(b)	As a condition of executing the Agreement, Buyer will deliver or cause to be delivered to Seller on or before the date it becomes a party to the Agreement a correct,
complete and duly executed Internal Revenue Service Form W-9. Within 20 days of the earlier of the date on which Buyer has Actual Knowledge of, and the date on which Seller requests in writing such form after the occurrence of obsolescence or
invalidity of any Internal Revenue Service Form W-9 previously delivered by Buyer, Buyer will deliver to Seller a correct, complete and duly executed Internal Revenue Service Form W-9 or any successor forms. In the event that any assignee of Buyer
is not a U.S. person, as defined in Internal Revenue Code section 7701(a)(30), the assignee shall deliver to Seller an Internal Revenue Service Form W-8BEN or other applicable form, or any successor form, in lieu of Internal Revenue Service
Form W9 or any successor form. 

  

	 	(c)	Upon request, Seller shall deliver to Buyer a correct, complete and duly executed Internal Revenue Form W-9. Within 20 days of the earlier of the date on which Seller
has knowledge of, and the date on which Buyer requests in writing such form after the occurrence of obsolescence or invalidity of any Internal Revenue Form W-9 previously delivered by Seller, Seller will deliver to Buyer a correct, complete and duly
executed Form W-9 or any successor form. 

  

	27.	Accounts for Payment. Payments shall be made to the following accounts, or to such other account as may hereafter be notified to Seller or Buyer in
writing by Buyer or Seller respectively. 

  
 31 

			
	To Buyer:	  	
		
	Name of Bank:	  	 Bank of America, N.A.
 New
York, NY

	ABA#:	  	 #########

	Account#:	  	 #############

	Attention:	  	Corporate Credit Services
	Reference:	  	Amgen Inc.
		
	To Seller:	  	
		
	Name of Bank:	  	Citibank NA – New York
	ABA#:	  	 ### – ### – ###

	Account#:	  	 ########

	Attention:	  	Karen Turner

  

	28.	USA PATRIOT Act Required Notice. Buyer hereby notifies Seller that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56
(signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies Seller, which information includes the name and address of Seller and information that will allow Buyer to
identify Seller in accordance with the Act. Seller shall, promptly following a request by the Buyer, provide all documentation and other information that Buyer requests in order to comply with its ongoing obligations under applicable “know your
customer” an anti-money laundering rules and regulations, including the Act. 

  

	29.	Notices and Other Communications. 

 Paragraph 13 of the Agreement is hereby amended by deleting the word “telegraph” therefrom. 
  

	30.	Non-assignability; Termination. 

 Paragraph 15 of the Agreement is hereby replaced with the following: 
  

	 	“(a)	The rights and obligations of the parties under the Agreement and under any Transaction shall not be assigned by either party without the prior written consent of the
other party; provided, however, that the Buyer shall have the right to assign its rights and obligations hereunder in one or more of the circumstances described in paragraphs (i) and (ii) below: 

 

	 	(i)	the Buyer may transfer all or any portion of its rights and obligations hereunder in one or more transactions with the prior written consent of the Seller, such consent
not to be unreasonably withheld (it being understood that the Seller may withhold its consent if the proposed transferee would be required to withhold amounts on account of any Taxes from any payments that it is required to make to the Seller
pursuant to paragraph 16(a) of Annex I of the Agreement); and 

  
 32 

	 	(ii)	the Buyer may transfer all or any portion of its rights and obligations hereunder in one or more transactions; provided, that (1) each such transferee at
the time of the assignment or transfer would not be required to withhold amounts on account of any withholding tax or other Taxes from any payments that it is required to make to Seller pursuant to paragraph 16(a) of Annex I of the Agreement,
(2) any such assignment or transfer could not reasonably be expected to result in Seller having to comply with any additional legal or regulatory requirement if such compliance would have an adverse effect on the Seller, (3) each such
assignment or transfer is completed at no cost or expense to the Seller (other than the Seller’s incidental costs and expenses, not to exceed $5,000, relating to the review and execution of transfer documentation and the registration of the
Purchased Securities in the name of the transferee) and does not otherwise increase the Seller’s costs and expenses in respect of the Agreement and the Transactions thereunder, and (4) the Seller shall have received 45 calendar days’
prior notice of any proposed assignment or transfer, 

 provided, each transfer shall occur within four days
prior to the filing of Seller’s Form 10-K or 10-Q under the 1934 Act and that such transferee delivers a representation letter (in form and substance reasonably acceptable to the Seller) (x) in the case of a transferee that is a bank or
trust company organized under the laws of the United States or a state thereof, substantially in the form delivered by the Seller as of the Repurchase Date, mutatis mutandis; and (y) in the case of a transferee not described in
clause (x) above, as to such facts (if any) as are material to a conclusion that the rights of the Seller in the Purchased Securities will be respected in the event of an insolvency proceeding pertaining to the transferee, and 

provided, further, that in the circumstances described in paragraphs (i) and (ii) above, each transferee shall be
(x) a financial institution identified in a list of institutions as agreed in writing between the Buyer and Seller, or shall be an affiliate thereof organized in the United States, or, (y) in the event that the Buyer shall not have found
it practicable upon terms satisfactory to it to transfer to such a financial institution or affiliate the portion of such rights and obligations that the Buyer shall intend to transfer, shall be one or more other institutional investors selected by
the Buyer in consultation with the Seller (provided, however, that no transfer to a transferee described in clause (y) above shall be made pursuant to clause (i) or clause (ii) of Paragraph 15(a) of the Agreement (as
amended herein) prior to the first anniversary of the date of this Agreement). 
  

	 	(b)	 Buyer agrees that any transfer of its rights and obligations under the Agreement shall be effected by novation pursuant to and in accordance with the
terms of a novation agreement substantially in the form of Exhibit V hereto (a “Novation 

  
 33 

	 	
Agreement”), which contemplates the transfer of a portion of Buyer’s rights and interest in this Agreement and the Purchased Securities and in accordance with Paragraph 15(a) of
the Agreement (as amended herein), and a voting agreement substantially in the form of Exhibit VI hereto. Any transfer in violation of this subparagraph (b) shall be null and void. 

 

	 	(c)	Subparagraph (a) of Paragraph 15 of the Agreement (as amended herein) shall not preclude a party from assigning, charging or otherwise dealing with all or any part
of its interest in any sum payable to it under Paragraph 11 of the Agreement (as amended herein).” 

  

	31.	No Waivers, Etc. The last sentence of Paragraph 17 shall be deleted in its entirety. 

 

	32.	Intent. 

Paragraph 19(a) is hereby replaced with the following: 
  

	 	“(a)	The parties recognize that each Transaction is a “securities contract” as that term is defined in section 741 of Title 11 of the United States Code,
as amended (except insofar as the type of assets subject to such Transaction would render such definition inapplicable).” 

 [Signatures follow on separate page] 

  
 34 

													
	AMGEN INC.	 		 	BANK OF AMERICA, N.A.
					
	By:	 	 /s/ Jonathan M. Peacock
	 		 	By:	 	 /s/ Jonathan Plowe

		 	Name:	 	Jonathan M. Peacock	 		 		 	Name:	 	Jonathan Plowe
		 	Title:	 	Executive Vice President and Chief Financial Officer	 		 		 	Title:	 	Managing Director
		 	Date:	 	August 24, 2013	 		 		 	Date:	 	August 24, 2013

 [Signature Page to Annex I to the Master Repurchase Agreement] 

 ANNEX II 
 Names and Addresses for Communication Between Parties 
 Address for notices, statements,
demands or other communications to Buyer: 
 Bank of America, N.A. 
 Mail code: NC1-001-05-46 
 One Independence Center 

101 N Tryon Street 
 Charlotte, NC 28255-001

 Phone: +#.###.###.#### 
 Fax:
+#.###.###.#### 
 Email: ##.###########@####.### 
 Attention: Francis M. (Marty) Miller 
 Address for notices, statements, demands or other
communications to Seller: 
 Amgen Inc. 

One Amgen Center Drive 
 MS-24-1-C 

Thousand Oaks 
 CA 91320 

Phone: +#.###.###.#### ext #### 
 Fax:
+#.###.###.#### 
 Email: ###################### 
 Attention: Karen Turner, Director, Treasury 

  
 36 

 Exhibit I – Form of Confirmation 

[LETTERHEAD OF BANK OF AMERICA, N.A.] 
  

			
	Date:	 	[—], 2013
		
	To:	 	Amgen Inc.
		
	From:	 	Bank of America, N.A.
		
	Re:	 	Repurchase Transaction

 Dear Sirs: 

The purpose of this letter (this “Confirmation”) is to confirm the terms and conditions of the repurchase transaction (the
“Transaction”) between Amgen Inc. (“Amgen”) and Bank of America, N.A. (the “Counterparty”). This Confirmation constitutes a “Confirmation” as referred to in the Agreement specified below.

 Counterparty and Seller are parties to the TBMA Master Repurchase Agreement and Annex I (“Annex I”) related thereto, in each
case dated as of August 24, 2013 (as amended, supplemented, or otherwise modified from time to time, the “Agreement”), and this Confirmation shall supplement, form a part of, and be subject to, such Agreement upon the execution
and delivery thereof by both parties, and all provisions contained or incorporated by reference in such Agreement shall govern this Transaction except as expressly modified herein. Terms used but not otherwise defined in this Confirmation shall have
the same meaning as in the Agreement. 
  

			
	Trade Date:	  	[—]
		
	Purchase Date:	  	[—], 2013
		
	Repurchase Date:	  	[—], 2018 (subject to the “Acceleration of Repurchase Date” provisions below)
		
	Seller:	  	Amgen
		
	Buyer:	  	The Counterparty
		
	Purchased Securities:	  	As of any date of determination, [—] of the Purchased Security, less any Purchased Security for which the Repurchase Price has been
tendered to Buyer in satisfaction of Seller’s obligation to repurchase such Purchased Security on or prior thereto.
		
	Purchased Security:	  	One share of Class A Preferred Shares with a par value of USD 0.01613 issued by ATL Holdings Limited, an exempted company organized under the laws of
Bermuda,

  
 37 

			
		  	with an issue price per share of USD 100,000; provided that if any new or different Security or other consideration shall be exchanged for any Purchased Security by
recapitalization, merger, amalgamation, consolidation, conversion or other action, or received in connection with a redemption of any Purchased Security, such new or different Security, or other consideration shall, effective upon such exchange or
redemption, be deemed to become a Purchased Security, in substitution for the former Purchased Security for which such exchange is made.
		
	Purchase Price:	  	The product of the number of Purchased Securities multiplied by USD 100,000, divided by 109.990323 %.
		
	Repurchase Price:	  	The product of the number of Purchased Securities, multiplied by USD 100,000, divided by 109.990323%.
		
	Pricing Rate:	  	The rate per annum, reset monthly, equal to LIBOR plus the Spread; provided, however, that such Pricing Rate shall not be less than 0.00%.
		
	Price Differential:	  	For each Price Differential Payment Date, the amount accrued on the related Purchase Price at the Pricing Rate during the Stated Price Differential Period immediately preceding such
Price Differential Payment Date. The Price Differential for the Purchased Securities shall be calculated on the Purchase Price and shall accrue during the relevant Stated Price Differential Period. The daily amount of the Price Differential with
respect to the Purchased Securities (the “Daily Price Differential Amount”) shall be calculated by dividing the Pricing Rate in effect for such day by 360 and multiplying the result by the Purchase Price. The amount of Price
Differential on the Purchased Securities for each Stated Price Differential Period shall be calculated by adding the Daily Price Differential Amounts for each day in the Stated Price Differential Period. All percentages resulting from any of the
above calculations shall be rounded, if necessary, to the nearest one hundred-thousandth of a percentage point, with five one-millionths of a percentage point being rounded upwards (e.g., 9.876545% (or 0.09876545) being rounded to 9.87655% (or
0.0987655)) and all United States dollar amounts used in or resulting from such calculations shall be rounded to the nearest cent (with one-half cent being rounded upwards).
		
	LIBOR:	  	With respect to a Stated Price Differential Period, the rate (expressed as a percentage per annum) for deposits
in

  
 38 

			
		  	United States dollars for a one-month period beginning on the second London Banking Day after the Reset Date that appears on Reuters Screen LIBO Page as of 11:00 a.m., London time,
on the Reset Date, or (if the Reuters Screen LIBO Page does not include such a rate or is unavailable on a Reset Date) the rate (expressed as a percentage per annum) for deposits in United States dollars for a one-month period beginning on the
second London Banking Day after the Reset Date that appears on Bloomberg Screen “BBAM 1 <GO>” as of 11:00 a.m., London time, on the Reset Date. If Bloomberg Screen “BBAM 1 <GO>” does not include such rate or is
unavailable on the Reset Date, the rate (expressed as a percentage per annum) for deposits in United States dollars for a one-month period beginning on the second London Banking Day after the Reset Date as published by such other commercially
available source as is mutually agreed upon by the parties as of 11:00 a.m., London time, on the Reset Date. If no such source that includes such rate is available on the Reset Date, a financial institution mutually agreed upon between the parties
from time to time, shall request the principal London office of each of four major banks in the London interbank market, as selected by such financial institution, to provide such banks’ offered quotation (expressed as a percentage per annum),
as of approximately 11:00 a.m. London time on such Reset Date, to prime banks in the London interbank market for deposits in a Representative Amount in United States dollars for a one-month period beginning on the second London Banking Day after the
Reset Date. If at least two such offered quotations are so provided, LIBOR for the Stated Price Differential Period shall be the arithmetic mean of such quotations. If fewer than two such quotations are so provided, such financial institution shall
request each of three major banks in New York City, as selected by such financial institution, to provide such banks’ rate (expressed as a percentage per annum), as of approximately 11:00 a.m., New York City time, on such Reset Date, for loans
in a Representative Amount in United States dollars to leading European banks for a one-month period beginning on the second London Banking Day after the Reset Date. If at least two such rates are so provided, LIBOR for the Stated Price Differential
Period shall be the arithmetic mean of such rates. If fewer than two such rates are so provided, then LIBOR for the Stated Price Differential Period shall be LIBOR in effect with respect to the immediately preceding Stated Price Differential
Period.

  
 39 

			
	Spread:	  	110.0 basis points.
		
	Price Differential Payment Date:	  	Subject to paragraph 24 of Annex I, the
14th of each calendar month, commencing on [month] [day]
and ending on the Liquidation Period End Date.
		
	Liquidation Period End Date:	  	The earliest date on which any of the following occurs: (i) payment in full by Amgen of all amounts due to Counterparty in respect of the Transaction, (ii) final receipt by
Counterparty of proceeds in connection with a redemption of the Purchased Securities or (iii) transfer of all of Counterparty’s rights and obligations under the Agreement pursuant to paragraph 30(b) of Annex I.
		
	London Banking Day:	  	Any day in which dealings in United States dollars are transacted or, with respect to any future date, are expected to be transacted in the London interbank market.
		
	Representative Amount:	  	A principal amount of not less than USD 1 million for a single transaction in the relevant market at the relevant time.
		
	Bloomberg Screen “BBAM 1 <GO>”:	  	The display designated as “Bloomberg Screen BBAM1<GO>” on the Bloomberg service (or such other page as may replace Bloomberg Screen “BBAM 1 <GO>” on
that service).
		
	Reuters Screen LIBO Page:	  	The display designated as page “LIBO” on the Reuters Monitor Money Rates Service (or such other page as may replace the LIBO page on such service) (the “Reuters
Screen LIBO Page”).
		
	Stated Price Differential Period:	  	With respect to each Price Differential Payment Date, the period from and including the immediately preceding Price Differential Payment Date to but excluding such Price
Differential Payment Date, except that (a) the initial Stated Price Differential Period will commence on and include the Purchase Date and end on but exclude the first Price Differential Payment Date and (b) the final Stated Price Differential
Period will commence on and include the immediately preceding Price Differential Payment Date and end on and exclude the Liquidation Period End Date.
		
	Reset Dates:	  	With respect to a Stated Price Differential Period, the second London Banking Day preceding the first day of such Stated Price Differential Period.
		
	Acceleration of Repurchase Date:	  	(i) Seller may, upon notice to Buyer, designate a day (an “Accelerated Repurchase Date”) as the Repurchase Date
for

  
 40 

			
		  	the Purchased Securities in whole or in part; provided, however, that such notice must be received by Buyer not later than 10:00 a.m. (New York City time) three
Business Days prior to the Accelerated Repurchase Date; provided, further, that such notice to designate an Accelerated Repurchase Date may state that such notice is conditioned upon the effectiveness of credit facilities or other
financing arrangements and, if such conditions are not met, such notice may be revoked by Seller upon further notice to Buyer prior to the Accelerated Repurchase Date provided, further, that, subject to section 4.5 of the Ancillary
Agreement, Seller shall provide a notice specifying the same date as the Accelerated Repurchase Date providing for the repurchase of Class A Preferred Shares of all other holders on a pro rata basis with the Purchased Securities. On such Accelerated
Repurchase Date, Seller’s obligation to repurchase the Purchased Securities at the Repurchase Price therefor shall become immediately due and payable. In addition to the payment of the applicable Repurchase Price on such Accelerated Repurchase
Date, Seller shall also pay any accrued but unpaid Price Differential on such Accelerated Repurchase Date. An Accelerated Repurchase Date shall not occur unless payment in cash of the relevant Repurchase Price and any such Price Differential is
tendered to Buyer or the account designated by Buyer on or prior to the date specified as the Accelerated Repurchase Date, together with the equivalent amounts with respect to all other Class A Preferred Shares then outstanding.
		
		  	(ii) Upon the designation of an Accelerated Repurchase Date on any date that is not a scheduled Price Differential Payment Date, an amount will be payable equal to the Breakage
Amount (as defined below) in respect of this Agreement. If the Breakage Amount is a positive number, Seller will pay such amount to Buyer; if the Breakage Amount is a negative number, Buyer will pay the absolute value of that amount to Seller. For
purposes of this Acceleration of Repurchase Date provision, “Breakage Amount” means an amount that Buyer reasonably determines in good faith to be its total losses (excluding any loss of margin) and costs (or gain, in which case expressed
as a negative number) as a result of the occurrence of such Accelerated Repurchase Date prior to the next scheduled Price Differential Payment Date, including any such loss or expense sustained by Buyer in connection with the liquidation or
reemployment of funds obtained by it to maintain the Transaction, as well as any customary administrative fees (in an amount not to exceed $1,000) charged by Buyer in connection with the
foregoing.

  
 41 

			
		  	(iii) For purposes of calculating the Breakage Amount, Buyer shall be deemed to have funded the Transaction at the LIBOR rate applicable with respect to the Stated Price
Differential Period during which the Accelerated Repurchase Date occurred by a matching deposit or other borrowing in the London interbank market for a comparable amount and for a comparable period, whether or not the Transaction was in fact so
funded.

 Please confirm your agreement to be bound by the terms of the foregoing by executing a copy of this Confirmation and
returning it to us to the attention of [    ] at facsimile             . 

 

			
	
	Yours sincerely,
	
	BANK OF AMERICA, N.A.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Confirmed as of the date first above written:
	
	AMGEN INC.
		
	By:	 	  

	Name:	 	
	Title:	 	

  
 42 

 Exhibit II – Form of Transaction Request 

Date:             ,      

 

	To:	Bank of America, N.A. 

 Ladies and Gentlemen:

 Reference is made to that certain Master Repurchase Agreement, dated as of August 24, 2013 (as amended, restated,
extended, supplemented or otherwise modified in writing from time to time, the “Agreement;” the terms defined therein being used herein as therein defined), between Amgen Inc. (the “Seller”) and Bank of America,
N.A. (the “Buyer”). 
 The undersigned hereby requests that the Buyer purchase [—] on [—], a Business Day. The Seller hereby represents and warrants that (A) the conditions precedent specified in clauses (ii), (iii),
(vi) and, solely with respect to actions of Seller and its affiliates, (vii) of Paragraph 3(c) of the Agreement are satisfied as of the date of this Transaction Request, and shall be satisfied on and as of the Purchase Date; and
(B) the assumptions set forth in the non-consolidation opinion of Sullivan & Cromwell LLP [dated the date of the Agreement remain][dated as of the date hereof are] true and correct with respect to the applicable Transaction as of the
date of this Transaction Request, and shall remain true and correct with respect to the applicable Transaction, on and as of the Purchase Date. 
  

									
		 		 		 	AMGEN INC.
					
		 		 		 	By:	 	  

		 		 		 	Name:	 	  

					
	Title:	 	  
	 		 		 	

  
 43 

 Exhibit III – Ancillary Agreement 

  
 44 

 ANCILLARY AGREEMENT 

DATED AS OF [—], 2013 

 TABLE OF CONTENTS 

 

							
	 	    	 	  	Page	 
		
	 SECTION 1 DEFINED TERMS; RULES OF CONSTRUCTION
	  	 	1	  
			
	 1.1
	    	 Definitions
	  	 	1	  
	 1.2
	    	 Use of Certain Terms
	  	 	1	  
	 1.3
	    	 Headings and References
	  	 	2	  
		
	 SECTION 2 REPRESENTATIONS AND WARRANTIES
	  	 	2	  
			
	 2.1
	    	 Due Formation
	  	 	2	  
	 2.2
	    	 Authorization; No Contravention
	  	 	2	  
	 2.3
	    	 Governmental Approvals
	  	 	2	  
	 2.4
	    	 Enforceability
	  	 	3	  
	 2.5
	    	 Investment Company; Holding Company
	  	 	3	  
	 2.6
	    	 No Material Affiliate Event
	  	 	3	  
	 2.7
	    	 Representations of Relevant Parties
	  	 	3	  
	 2.8
	    	 Compliance with Terms and Conditions
	  	 	3	  
	 2.9
	    	 Certain U.S. Tax Matters Relating to Newco Sub
	  	 	3	  
	 2.10
	    	 Absence of Liabilities
	  	 	4	  
	 2.11
	    	 Legal Proceedings
	  	 	4	  
	 2.12
	    	 Investigations, Audits, Etc.
	  	 	4	  
	 2.13
	    	 Amendments
	  	 	4	  
	 2.14
	    	 No Liens
	  	 	4	  
	 2.15
	    	 Solvency Representation
	  	 	4	  
	 2.16
	    	 Class A Preferred Shares
	  	 	5	  
	 2.17
	    	 Permitted Investments Account
	  	 	5	  
		
	 SECTION 3 COMPANY COVENANTS
	  	 	5	  
			
	 3.1
	    	 Separateness Covenants
	  	 	5	  
	 3.2
	    	 General Covenants
	  	 	10	  
	 3.3
	    	 Reporting Requirements
	  	 	11	  
	 3.4
	    	 Check-the-Box Elections
	  	 	12	  
	 3.5
	    	 Company Tax Filing Obligations
	  	 	12	  
	 3.6
	    	 Covenants Regarding Newco
	  	 	12	  
	 3.7
	    	 Investment Manager
	  	 	13	  
	 3.8
	    	 Custodian
	  	 	14	  
	 3.9
	    	 Issued and Outstanding Class A Preferred Shares
	  	 	14	  
	 3.10
	    	 Transfers from Permitted Investments Account
	  	 	14	  
	 3.11
	    	 Director Services Agreement
	  	 	15	  
	 3.12
	    	 Liquidation of Permitted Investments
	  	 	15	  
	 3.13
	    	 Certain U.S. Tax Matters Relating to Newco Sub
	  	 	15	  
	 3.14
	    	 Certificate of Authorized Persons relating to the IM Custody Agreement
	  	 	15	  
	 3.15
	    	 Recapture of Dividends
	  	 	15	  
	 3.16
	    	 Certification in Connection with Newco Dividends
	  	 	15	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 SECTION 4 MISCELLANEOUS
	  	 	16	  
			
	 4.1
	    	 Termination
	  	 	16	  
	 4.2
	    	 Indemnification
	  	 	16	  
	 4.3
	    	 Capital Adequacy
	  	 	17	  
	 4.4
	    	 Increased Costs
	  	 	18	  
	 4.5
	    	 Assignment or Repurchase Upon Claim For Indemnification Etc.
	  	 	19	  
	 4.6
	    	 Annual Audit
	  	 	20	  
	 4.7
	    	 Amendments; Restructuring
	  	 	20	  
	 4.8
	    	 Addresses for Notices
	  	 	21	  
	 4.9
	    	 No Waiver; Cumulative Remedies
	  	 	21	  
	 4.10
	    	 Consent to Jurisdiction; Waiver of Venue Objection; Service of Process
	  	 	21	  
	 4.11
	    	 Waiver of Jury Trial
	  	 	22	  
	 4.12
	    	 Assignment
	  	 	22	  
	 4.13
	    	 Governing Law
	  	 	22	  
	 4.14
	    	 Counterparts
	  	 	22	  
	 4.15
	    	 Severability
	  	 	22	  
	 4.16
	    	 No Third-Party Beneficiaries
	  	 	22	  
	 4.17
	    	 Waiver of Immunities
	  	 	22	  

  
 ii 

 ANCILLARY AGREEMENT 

ANCILLARY AGREEMENT, dated as of [—], 2013 (as amended, amended and restated or
otherwise modified from time to time, this “Agreement”), is made by and between Amgen Inc., a Delaware corporation (the “Company”), and BANK OF AMERICA, N.A., a national banking association organized
and existing under the laws of the United States of America. 
 Preliminary Statements 

A. Each of Newco and Newco Sub is a direct or indirect wholly-owned subsidiary of the Company. 

B. On June 25, 2013, Newco issued Class A Preferred Shares to the Company. 

C. The Company has entered into the Repo Agreement with the Buyer, whereby the Company agrees to sell to the Buyer and the Buyer agrees
to purchase from the Company the Class A Preferred Shares (subject to the Company’s obligation to repurchase, and the Buyer’s obligation to resell, the Class A Preferred Shares). 

D. It is, or will be, a condition to the performance by the Buyer of its obligations under the Repo Agreement that the Company provides
certain assurances set forth in this Agreement, and the Company will receive substantial direct and indirect benefits from the issuance and sale to Buyer of such Class A Preferred Shares. 

In consideration of the premises, and intending to be legally bound by this Agreement, the Company agrees as follows: 

SECTION 1 
 DEFINED TERMS; RULES OF CONSTRUCTION 
 1.1 Definitions. As used in
this Agreement (including in the Preliminary Statements), capitalized terms defined in the preamble and other Sections of this Agreement and Exhibit A to this Agreement shall have the meanings set forth therein and capitalized terms used herein
(including in the Preliminary Statements) but not otherwise defined herein shall have the meanings set forth in the Certificate of Designations. 
 1.2 Use of Certain Terms. In this Agreement, in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and
including” and the words “to” and “until” mean “to but excluding”. Unless the context of this Agreement requires otherwise, the plural includes the singular, the singular includes the
plural, and “including” has the meaning of “including without limitation”. The words “hereof”, “herein”, “hereby”, “hereunder”, and other similar
terms refer to this Agreement (including Exhibit A to this Agreement) as a whole and not exclusively to any particular provision of this Agreement. All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine or
neuter, or singular or plural, forms thereof, as the identity of the Person or Persons may require. 

  
 1 

 1.3 Headings and References. Section and other headings are for reference only,
and shall not affect the interpretation or meaning of any provision of this Agreement. Unless otherwise provided, references to Sections and Exhibits shall be deemed references to Sections of, and Exhibits to, this Agreement. Whether or not
specified herein or therein, references to this Agreement and any other Operative Document include this Agreement and the other Operative Documents as the same may be amended, restated, modified or supplemented from time to time pursuant to the
provisions hereof or thereof as permitted by the Operative Documents. References to any other agreement, contract, instrument, or document are to such agreement, contract, instrument, or document as amended, restated, modified or supplemented from
time to time in accordance with the terms hereof (if applicable) and thereof. Whether or not specified herein, a reference to any law shall mean that law as it may be amended, modified or supplemented from time to time, and any successor law. A
reference to a Person includes the successors and assigns of such Person, but such reference shall not increase, decrease or otherwise modify in any way the provisions in this Agreement governing the assignment of rights and obligations under or the
binding effect of any provision of this Agreement, including Section 4.12. 
 SECTION 2 

REPRESENTATIONS AND WARRANTIES 
 The Company hereby represents and warrants as of the date hereof, on any Closing Date, and, solely with respect to Section 2.15, as of August 24, 2013 as follows: 

2.1 Due Formation. The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the
State of Delaware. Each of Newco and Newco Sub (together with the Company, each a “Relevant Party” and, collectively, the “Relevant Parties”) is duly incorporated or formed, validly existing and, to
the extent applicable in the relevant jurisdiction, in good standing in the jurisdiction(s) of its incorporation or formation. Each of the Relevant Parties possesses all corporate, limited liability company or other applicable organizational powers
necessary for the execution, delivery and performance of its obligations under the Operative Documents. 
 2.2 Authorization;
No Contravention. The execution, delivery and performance by each Relevant Party of each Operative Document to which it is a party are within its organizational powers, have been duly authorized by all necessary corporate, limited liability
company or other applicable organizational action, and do not and will not contravene (i) its Organizational Documents, (ii) any contract, mortgage, charge, Lien, lease, agreement, indenture, or other instrument to which such Relevant
Party is a party or which is binding upon it or its property, except to the extent such contravention would not reasonably be expected to result in a Material Adverse Effect or (iii) any judgment, law, statute, rule or governmental regulation
applicable to such Relevant Party or its property, except to the extent such contravention would not reasonably be expected to have a material adverse effect on the Unaffiliated Holders or the Buyer or any of their officers, directors and agents.

 2.3 Governmental Approvals. No consent, approval, or authorization of, or declaration or filing with, any governmental
authority, and no consent of any other Person, is 

  
 2 

 
required for the due execution, delivery and performance by each Relevant Party of each Operative Document to which it is a party, except those already obtained or made and those required to
perfect security interests. 
 2.4 Enforceability. Each Operative Document to which any of the Relevant Parties is a
party constitutes the legal, valid and binding obligation of such Person, enforceable against such Person in accordance with its terms, except as may be limited by any applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting creditors rights generally or by general principles of equity (including implied covenants of good faith and fair dealing). 
 2.5 Investment Company; Holding Company. 
 (a) No Relevant Party is, or
upon consummation of the transactions contemplated by the Operative Documents will be, required to be registered as an “investment company” (as defined in the Investment Company Act of 1940, as amended), or a company that would be such an
investment company but for the application of sections 3(c)(1) and 3(c)(7) of such Act. 
 (b) No Relevant Party is subject to
regulation as a “holding company,” an “affiliate” of a “holding company,” or a “subsidiary company” of a “holding company,” within the meaning of the Public Utility Holding Company Act of 1935.
Similarly, no Relevant Party will be subject to regulation as a “holding company,” an “affiliate” of a “holding company,” or a “subsidiary company” of a “holding company,” within the meaning of the
Public Utility Holding Company Act of 2005. 
 2.6 No Material Affiliate Event. No Incipient Material Affiliate Event or
Material Affiliate Event has occurred and is continuing. 
 2.7 Representations of Relevant Parties. All of the written
representations and warranties made by any Relevant Party in any Operative Document or any certificate delivered pursuant to any Operative Document were or will be true and correct in all material respects (or, in the case of any representation or
warranty already qualified by materiality, in all respects) on the date such representations or warranties were so made, other than any such representations or warranties that, by their terms, refer to a specific date other than any such date, in
which case as of such specific date. 
 2.8 Compliance with Terms and Conditions. To the Relevant Parties’ Actual
Knowledge, the Relevant Parties have duly performed and complied in all material respects with all the terms and conditions set forth in the Operative Documents to which they are respectively party and (in the case of Newco) Certificate of
Designations. Since their formation, each of Newco and Newco Sub have complied with the undertakings set forth in clauses (a) through (kk) of Section 3.1. 
 2.9 Certain U.S. Tax Matters Relating to Newco Sub. At no time has Newco Sub (i) held any interest that is treated as an equity interest for U.S. federal income tax purposes in any entity that
is not treated as a corporation for U.S. federal income tax purposes, or (ii) engaged in any transaction or activity that would cause Newco Sub to be treated as engaged in the conduct of a trade or business in the United States for U.S. federal
income tax purposes. 

  
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 2.10 Absence of Liabilities. Newco does not have any Liabilities or commitments of
any nature whatsoever, whether accrued, absolute, contingent or otherwise, other than Liabilities and commitments arising under applicable law or arising under the Operative Documents, the Certificate of Designations, the Bye Laws, the IM Custody
Agreement, the Investment Management Agreement, the Free Cash Investment Management Agreement, the Free Cash Custody Agreement or trade payables incurred in the ordinary course of business and other than Liabilities and commitments that are
unsecured, do not constitute Indebtedness and do not, in the aggregate, exceed $100,000 outstanding at any time. 
 2.11
Legal Proceedings. Since its formation, there have been no judgments outstanding against Newco or affecting any property of Newco, nor any actions, suits or proceedings pending or, to the Actual Knowledge of the Relevant Parties, threatened
against Newco that have had, or could reasonably be expected to have either individually or in the aggregate, a Material Adverse Effect. 
 2.12 Investigations, Audits, Etc. Since its formation, Newco has not been the subject of (x) any review or audit by the IRS or (y) any investigation by any governmental entity concerning
the violation or possible violation of any law that, in the case of clause (y) only, could reasonably be expected to have a Material Adverse Effect or could reasonably be expected to have a materially adverse effect on the rights of the Buyer
under any of the Operative Documents. 
 2.13 Amendments. The Operative Documents, the Bye Laws, the Certificate of
Designations, the Free Cash Custody Agreement, the IM Custody Agreement, the Investment Management Agreement and the Free Cash Investment Management Agreement contain the full agreement of the parties hereto with respect to the transactions
contemplated thereby and no other agreements exist with respect to such transactions and no amendments, modifications, consents or waivers have been made to, or given under, the foregoing organizational documents and agreements after the date of
their execution, except those that are immaterial and those that are executed or approved in writing by the Buyer. 
 2.14 No
Liens. The property of Newco is not subject to any Lien (other than Liens created pursuant to the Operative Documents, the IM Custody Agreement and the Free Cash Custody Agreement and any Liens for taxes, assessments and governmental charges or
levies not yet delinquent or being contested in good faith and by appropriate proceeding and as to which adequate reserves are being maintained in accordance with Generally Accepted Accounting Principles). 

2.15 Solvency Representation. (a) After giving effect to the transactions contemplated by the subscription agreement between
the Company and Newco dated June 24, 2013 and the Repo Agreement, in each case as and to the extent in effect on the date as of which this representation is made (i) the then fair value of the assets of the Company was or is greater than
the then total amount of liabilities, including contingent liabilities, of the Company, (ii) the then present fair salable value of the assets of the Company was or is not less than the amount that, as

  
 4 

 
applicable, was or will be required to pay the probable liabilities of the Company on its existing debts as they become absolute and matured, (iii) the Company did not and does not intend
to, and did not and does not believe that it would or will, incur debts or liabilities beyond its ability to pay its own debts and liabilities as they mature and, (iv) the Company was or is not engaged in a business or a transaction, and was or
is not about to engage in a business or a transaction, for which its property would constitute unreasonably small capital. 

(b) After giving effect to the transactions contemplated by the subscription agreement between the Company and Newco dated June 24,
2013 and the Repo Agreement, in each case as and to the extent in effect on the date as of which this representation is made (i) the then fair value of the assets of Newco was or is greater than the then total amount of liabilities, including
contingent liabilities, of Newco, (ii) the then present fair salable value of the assets of Newco was or is not less than the amount that, as applicable, was or will be required to pay the probable liabilities of Newco on its existing debts as
they become absolute and matured, (iii) Newco did not and does not intend to, and did not and does not believe that it would or will, incur debts or liabilities beyond its ability to pay its own debts and liabilities as they mature and
(iv) Newco was or is not engaged in a business or a transaction, and was or is not about to engage in a business or a transaction, for which its property would constitute unreasonably small capital. 

2.16 Class A Preferred Shares. There are no Class A Preferred Shares outstanding other than the 34,097 shares of the
Class A Preferred Shares that are authorized by the Certificate of Designations, and all such Class A Preferred Shares (other than Class A Preferred Shares that have become Purchased Securities are owned by the Company and no other
Person has any right or interest therein (including any security interest or any right or power to direct the voting of such Class A Preferred Shares)). 
 2.17 Permitted Investments Account. Not later than, and including, the first date on which the Company shall have transferred any Class A Preferred Shares to the Buyer pursuant to the Repo
Agreement, the Permitted Investments Account shall have been funded and invested in accordance with the Investment Management Agreement. 
 SECTION 3 
 COMPANY COVENANTS 

3.1 Separateness Covenants. The Company hereby covenants and agrees that so long as any Class A Preferred Shares remain
outstanding, the Company will, and will cause each of the other Relevant Parties and each of the other Relevant Subsidiaries to, comply with the following undertakings: 
 (a) each of the Company and the Relevant Subsidiaries will maintain its books, financial records and accounts, including inter-entity transaction accounts, checking and other bank accounts and custodian
and other securities safekeeping accounts, (i) separate and distinct from those of each of Newco and Newco Sub and (ii) in a manner so that it will not be difficult or costly to segregate, ascertain or otherwise identify its assets and
liabilities separate and distinct from the assets and liabilities of Newco and Newco Sub; 

  
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 (b) each of Newco and Newco Sub will maintain their books, financial records and accounts,
including inter-entity transaction accounts, checking and other bank accounts and custodian and other securities safekeeping accounts, (i) separate and distinct from those of any other Person and (ii) in a manner so that it will not be
difficult or costly to segregate, ascertain or otherwise identify its assets and liabilities separate and distinct from the assets and liabilities of any other Person; 
 (c) each of the Company and the Relevant Subsidiaries will not commingle any of its assets, funds, liabilities or business functions with the assets, funds, liabilities or business functions of Newco and
Newco Sub; 
 (d) each of Newco and Newco Sub will not commingle any of its assets, funds, liabilities or business functions
with the assets, funds, liabilities or business functions of any other Person; 
 (e) each of Newco and Newco Sub will conduct
its own business in its own name, and observe all requisite corporate or other organizational and internal procedures and formalities under applicable law; 
 (f) neither Newco nor Newco Sub will be consensually merged, amalgamated or consolidated with any other Person (other than with the other, the Company or a Relevant Subsidiary solely for accounting
purposes and other than Newco Sub being disregarded as an entity separate from its owner for U.S. tax purposes); 
 (g) none of
the Company and the Relevant Subsidiaries will conduct its business in the name of Newco or Newco Sub; 
 (h) the Company will
include in its periodic reports filed with the SEC information that clearly discloses the separate existence and identity of Newco from the Company and the Relevant Subsidiaries and that Newco has separate assets and liabilities; 

(i) conduct all transactions, contracts and dealings between the Company or any Relevant Subsidiary, on the one hand, and Newco or Newco
Sub, on the other hand, including transactions, agreements and dealings pursuant to which the assets or property of one is used or to be used by the other, in a manner that reflects the separate identity and legal existence of each such Person;

 (j) conduct all transactions, contracts and dealings between Newco or Newco Sub, on the one hand, and any other Person, on
the other hand, including transactions, agreements and dealings pursuant to which the assets or property of one is used or to be used by the other, in a manner that reflects the separate identity and legal existence of each such Person; 

(k) each of Newco and Newco Sub will hold all of its assets in its own name; 

(l) conduct all transactions between Newco or Newco Sub, on the one hand, and any other Person, on the other hand, in the name of Newco
or Newco Sub, as applicable, as an entity separate and distinct from any other Person; 

  
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 (m) except as otherwise contemplated in this Agreement or the Indemnity Documents, each of
Newco and Newco Sub will pay its liabilities and losses from its assets, and each of the Company and the Relevant Subsidiaries will pay their liabilities and losses from assets other than those of Newco and Newco Sub; 

(n) cause its representatives and agents (whether or not they are “loaned” employees of the Company or any Relevant
Subsidiary), when purporting to act on behalf of Newco or Newco Sub, to hold themselves out to third parties as being representatives or agents, as the case may be, of Newco or Newco Sub and, to the extent any such items are utilized, will utilize
business cards, letterhead, purchase orders, invoices and the like of Newco or Newco Sub, as applicable, when so acting; 
 (o)
except as otherwise contemplated in the Indemnity Documents or permitted by clause (p) below, each of Newco and Newco Sub will compensate all consultants, independent contractors and agents from its own funds for services provided to it by such
consultants, independent contractors and agents; 
 (p) ensure that, to the extent that Newco or Newco Sub, on the one hand, and
any other Person, on the other hand: 
 (i) jointly contract or do business with vendors or service providers or share overhead
expenses, the costs and expenses incurred in so doing will be fairly and reasonably allocated between or among such Persons, with the result that each such Person bears its fair share of all such costs and expenses; and 

(ii) contracts or does business with vendors or service providers where the goods or services are wholly or partially for the benefit of
the other, then the costs incurred in so doing will be fairly and reasonably allocated to the Person for whose benefit the goods or services are provided, with the result that each such Person bears its fair share of all such costs; 

(q) neither the Company nor any Relevant Subsidiary will make any inter-entity loans, advances, guarantees, extensions of credit or
contributions of capital to, from or for the benefit of Newco or Newco Sub, as the case may be, without proper documentation and accounting in accordance with applicable Generally Accepted Accounting Principles and only in accordance with, or as
contemplated by, the provisions of the Certificate of Designations and the Operative Documents; 
 (r) neither Newco nor Newco
Sub will make any inter-entity loans, advances, extensions of credit or contributions of capital to, from or for the benefit of any other Person without proper documentation and accounting in accordance with applicable Generally Accepted Accounting
Principles and only in accordance with, or as contemplated by, the provisions of Certificate of Designations and the Operative Documents; 

  
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 (s) not to refer to itself in a manner inconsistent with its status as a legal entity
separate and distinct from Newco and Newco Sub; 
 (t) each of Newco and Newco Sub will not refer to itself in a manner
inconsistent with its status as a legal entity separate and distinct from any other Person; 
 (u) neither the Company nor any
Relevant Subsidiary will hold out the credit of Newco or Newco Sub as being available to satisfy the obligations of the Company or any Relevant Subsidiary or any other Person; 
 (v) neither Newco nor Newco Sub will hold out the credit of any other Person as being available to satisfy the obligations of Newco or Newco Sub; 

(w) neither Newco nor Newco Sub will hold out its credit as being available to satisfy the obligations of any other Person; 

(x) each Relevant Party will maintain adequate capital in light of its contemplated business operations; 

(y) neither the Company nor any Relevant Subsidiary will guarantee or become obligated for the Indebtedness or other obligations of Newco
or Newco Sub; 
 (z) neither Newco nor Newco Sub will guarantee or become obligated for the debts of any other Person;

 (aa) neither the Company nor any Relevant Subsidiary will acquire the obligations or securities of Newco or Newco Sub, except
as contemplated by or permitted under the Operative Documents; 
 (bb) Newco will not acquire or hold the obligations,
securities or any other Indebtedness of any other Person, except as contemplated by or permitted under the Operative Documents; 

(cc) neither the Company nor any Relevant Subsidiary will pledge its assets for the benefit of Newco or Newco Sub; 

(dd) neither Newco nor Newco Sub will pledge its assets in support of the obligations of any other Person; 

(ee) each of the Company and the Relevant Subsidiaries will take all actions that it deems necessary and appropriate to correct any
misunderstanding of which it has Actual Knowledge or of which it has received notice regarding its separate identity from Newco and Newco Sub; 
 (ff) each of Newco and Newco Sub will take all actions that it deems necessary and appropriate to correct any misunderstanding of which it has Actual Knowledge or of which it receives notice regarding its
separate identity from any other Person; 

  
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 (gg) each of Newco and Newco Sub will not use its separate existence and not permit that its
separate existence be used by any of its Affiliates, in each case, to abuse its creditors or to perpetrate a fraud, injury, or injustice on its creditors; 
 (hh) each of Newco and Newco Sub will ensure that (i) all transactions between it or any of its Affiliates, on the one hand, and Newco or Newco Sub, on the other hand, are, and will be, duly
authorized and documented, and recorded accurately in the appropriate books and records of such Persons, and (ii) all such transactions are, and will be, on arm’s-length terms fair to each party, constitute exchanges for fair consideration
and for reasonably equivalent value, and are, and will be, made in good faith and without any intent to hinder, delay, or defraud its creditors; 
 (ii) neither Newco nor Newco Sub will take any action, or engage in transactions with any of its Affiliates, unless the boards of directors or managers, managing members, or officers, as appropriate, of
such Affiliate and Newco or Newco Sub, as the case may be, determine in a reasonable fashion that such actions or transactions are in their respective entities’ best interests, it being agreed by the parties hereto that this Agreement and the
other Operative Documents (and the transactions contemplated hereby and thereby and permitted hereunder and thereunder, including those pertaining to the payment of dividends by Newco) satisfy the foregoing standard and satisfy the requirements of
this clause (ii); 
 (jj) no Relevant Party will enter into the transactions contemplated by this Agreement or any other
Operative Document to which it is a party in contemplation of insolvency or with a design to prefer one or more of its creditors to the exclusion in whole or in part of another of its creditors or with an intent to hinder, delay or defraud any of
its creditors; and 
 (kk) the Company will not permit Newco Sub to make a dividend or distribution to Newco, or permit any
Relevant Subsidiary to make a dividend or distribution to Newco Sub or Newco or to another Relevant Subsidiary that will result in the making of a dividend or distribution to Newco Sub or Newco, unless such dividend or distribution shall be lawfully
declared and paid and shall not, at the time of the payment of any such dividend or distribution, be subject to rescission or repayment under applicable law. 
 Notwithstanding the foregoing restrictions on its activities, the Company will cause each of Newco and Newco Sub to be authorized and permitted to take the actions required by the Certificate of
Designations and the Operative Documents to which they are party. Nothing herein shall require or be deemed to require the Company or any Relevant Subsidiary, directly or indirectly, (a) to pay or guarantee the payment of or to take any action
intended to pay or guarantee the payment of any expenses or liabilities of Newco or Newco Sub or (b) to make any capital contribution to or otherwise advance or supply funds or assets to Newco or Newco Sub for the purchase or payment of any
expenses or liabilities of Newco or Newco Sub or to maintain working capital or equity capital of Newco or Newco Sub or otherwise to maintain the net worth or solvency of Newco or Newco Sub. 

  
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 3.2 General Covenants. The Company hereby covenants and agrees that, so long as any
Class A Preferred Shares remain outstanding, except as otherwise permitted by this Agreement or any other Operative Documents, the Company will not at any time: 
 (a) Indebtedness, Etc. Permit Newco to (i) incur or become liable for any Indebtedness, (ii) guarantee the liabilities of any other Person, (iii) have any employees, or
(iv) create, incur or suffer to exist any Liens of any kind on the Permitted Investments (other than Liens created pursuant to the Operative Documents, the IM Custody Agreement and the Free Cash Custody Agreement and any Liens for taxes,
assessments and governmental charges or levies not yet delinquent or being contested in good faith and by appropriate proceedings and as to which adequate reserves are being maintained in accordance with Generally Accepted Accounting Principles).

 (b) Sale, Etc., of Assets; Equity. Permit Newco to (i) sell, transfer or otherwise dispose of, in any case,
whether in one transaction or in a series of transactions, any of its assets or (ii) issue any equity securities, in each case, other than as expressly permitted under the Certificate of Designations or any Operative Document. 

(c) Merger, Etc. Except as permitted by the Certificate of Designations, permit any of Newco and Newco Sub to merge, amalgamate or
consolidate with any Person (other than a consolidation with the Company or a Relevant Subsidiary solely for accounting purposes and other than Newco Sub being disregarded as an entity separate from its owner for U.S. tax purposes but not for any
corporate purposes under the laws of Bermuda), or permit any capital stock of Newco Sub to be held by any person other than Newco. 
 (d) Investments. Direct Newco, the Custodian or the Investment Manager, or authorize or permit Newco, the Custodian or the Investment Manager, to hold or invest in any assets other than as
permitted under the Certificate of Designations. 
 (e) Bankruptcy, Etc. Consent to, vote for, or otherwise cause or
permit Newco or Newco Sub voluntarily to take any action of the type referred to in the definition of Bankruptcy Action. 
 (f)
Structure of Newco. Direct, authorize or permit Newco to amend the Bye-laws or the Certificate of Designations, including, without limitation, to effect any modification to the governing structure of Newco, except as permitted under the
Certificate of Designations. 
 (g) Class A Preferred Payments. Direct, authorize or permit Newco to give any
instruction with respect to payments in respect of the Class A Preferred Shares other than an instruction in accordance with the Certificate of Designation. 
 (h) Class A Vote. Direct, authorize or permit Newco to take any action requiring a class vote of the Class A Preferred Shares in contravention of the outcome of such a vote or without
having conducted such a vote. 

  
 10 

 3.3 Reporting Requirements. The Company hereby covenants and agrees that, so long as
the Class A Preferred Shares remain outstanding, it will furnish to (i) in the case of clause (b) below, the Person specified therein, and (ii) in all other cases, each Applicable Person, the following: 

(a) Public Reports. A copy of all of the information and reports referred to in this sentence: (i) within 90 days after the
end of each fiscal year (or, if earlier, the date on which each of the Company and the Relevant Subsidiaries file the same with the SEC), deliver to Buyer, by mail or electronic communications, a copy of its audited consolidated balance sheet and
related statements of operations, stockholders’ equity and cash flows as of the end of and for such year, all in reasonable detail, accompanied by a report of Ernst & Young or other independent public accountants of recognized national
standing selected by the Company which report and opinion shall be prepared in accordance with Generally Accepted Accounting Principles at such date, and (ii) within 45 days after the end of each of the first three fiscal quarters of each
fiscal year of the Company (or, if earlier, the date on which the Company files the same with the SEC), deliver by mail or electronic communications to Buyer, a copy of its consolidated balance sheet and related statements of operations as of the
end of and for such fiscal quarter and the then elapsed portion of the fiscal year and its related statement of cash flows for the then elapsed portion of the fiscal year, all in reasonable detail, all certified by one of its financial officers as
presenting fairly in all material respects the financial position and results of operations and cash flows of the Company and the consolidated Relevant Subsidiaries on a consolidated basis in accordance with Generally Accepted Accounting Principles
consistently applied, subject to normal year-end audit adjustments (which certification requirements shall be deemed satisfied by the execution by a financial officer of the certification required to be filed with the SEC pursuant to Item 601
of Regulation S-K). Notwithstanding the foregoing, the Company will be deemed to have furnished such reports referred to in the preceding paragraph if the Company has filed such reports with the SEC via the SEC’s Electronic Data Gathering,
Analysis and Retrieval System (or any successor system) and such reports are publicly available. 
 (b) Compliance
Certificate. Within 45 days after the close of each of the Company’s fiscal quarters, an officer’s certificate signed by a Senior Officer of the Company and stating that a review of the activities of the Relevant Parties during
the preceding fiscal year has been made under his or her supervision with a view to determining whether the Company has performed its obligations under this Agreement, and further stating that to his or her Actual Knowledge no Incipient Material
Affiliate Event or Material Affiliate Event has occurred during such period and remains in existence and further stating that the Company has not received notice of any such event that has occurred during such period and remains in existence or, if
either (i) an Incipient Material Affiliate Event or (ii) a Material Affiliate Event shall have so occurred (whether or not cured), describing all such Incipient Material Affiliate Events or Material Affiliate Events of which he or she has
Actual Knowledge and what action the Company is taking (or has taken) or proposes to take with respect thereto. 
 (c) Notice
of Incipient Material Affiliate Event or Material Affiliate Event. Within five Business Days after the earlier of the date on which a Senior Officer of the Company has Actual Knowledge of such occurrence and the date on which the Company
receives notice of such occurrence, written notice of the occurrence of an Incipient Material Affiliate Event or Material Affiliate Event and setting forth in reasonable detail the actions that the Company has taken or proposes to take with respect
thereto and whether or not cured. 

  
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 (d) Newco Financial Statements. Within thirty days of the end of each fiscal quarter,
the Company shall deliver to the Buyer unaudited financial statements of Newco prepared in accordance with Generally Accepted Accounting Principles, except that such financial statements shall not apply ASC Topic 810 (Consolidations) (or any
successor or replacement provision of Generally Accepted Accounting Principles covering a similar subject), and instead the interests in Newco Sub will be carried at historical cost. Such financial statements shall be certified by a Senior Officer
of the Company. 
 3.4 Check-the-Box Elections. The Company has caused Newco Sub to file a valid election with the U.S.
Internal Revenue Service (the “IRS”) to be treated from its date of formation as a disregarded entity for U.S. federal income tax purposes in accordance with Treasury Regulation section 301.7701-3(c) and will cause
Newco Sub to maintain its status as a disregarded entity for all relevant times in the future. 
 3.5 Company Tax Filing
Obligations. In connection with the transfer of the shares of Newco Sub to Newco, the Company (i) will timely execute and file with the IRS a “gain recognition agreement” described in Treasury Regulation section 1.367(a)-8
and the waiver of the period of limitations described therein in the Company’s consolidated U.S. federal income tax return by the due date (including extensions) of such return for the year of the transfer, in accordance with the procedures
specified in Treasury Regulation section 1.367(a)-8(d) and (e) and (ii) will timely execute and file the annual certification described in Treasury Regulation section 1.367(a)-8(g) in the Company’s consolidated
U.S. federal income tax return by the due date (including extensions) of such return for each of the five full taxable years following the year of the transfer, in accordance with the procedures specified in Treasury Regulation
section 1.367(a)-8. 
 3.6 Covenants Regarding Newco. The Company shall cause Newco not to: 

(a) establish any physical presence or branch office or acquire or rent office space in the United States or any other jurisdiction
(other than Bermuda); 
 (b) appoint a representative or agent in the United States or any other jurisdiction outside of Bermuda
with unlimited authority to conduct the business of Newco or to sign contracts for and on behalf of Newco in any such jurisdiction; 
 (c) become a plaintiff, or counterclaim, in any suit, action or proceedings outside Bermuda, except in a special proceeding for purposes of disclaiming the jurisdiction of the relevant court or tribunal;

 (d) voluntarily appear before a court in any suit, action or proceedings outside Bermuda, except in a special proceeding for
purposes of disclaiming the jurisdiction of the relevant court or tribunal; 
 (e) expressly agree to submit to the jurisdiction
of any court outside of Bermuda; 
 (f) hold board of director or shareholder meetings in or from within any jurisdiction other
than Bermuda or such other jurisdiction (other than the United States) as should not, in the opinion of counsel, result in Newco being determined to have a place of business for any purposes in such other jurisdiction; 

  
 12 

 (g) maintain any property or assets of Newco in the United States or maintain any material
amount of property or assets of Newco in any other jurisdiction (other than Bermuda), it being understood that the assignment of any rights or the delegation of any duties by the Custodian to any subcustodian pursuant to the IM Custody Agreement or
the Free Cash Custody Agreement shall not violate this clause 3.6(g); 
 (h) elect or cause any election to be made to treat
Newco as other than a corporation for U.S. tax purposes; 
 (i) have a registered office in any jurisdiction other than Bermuda;
or 
 (j) become an “investment company” (as defined in the US Investment Company Act of 1940, as amended, or a
company that would be such an investment company but for the application of sections 3(c)(1) and 3(c)(7) of such Act). 
 3.7
Investment Manager. The Company agrees to cause Newco to appoint an Investment Manager to oversee the Permitted Investments Account and the Company agrees to cause Newco to enter into, and maintain in full force and effect the Investment
Management Agreement with such Investment Manager. Promptly upon the Company or Newco attaining Actual Knowledge, or receiving notice, of a breach by the Investment Manager of its obligations under the Investment Management Agreement, the Company
shall cause Newco to enforce its rights under the Investment Management Agreement. In the event that the Investment Manager shall have (a) notified Newco of its intention to resign, (b) breached any of its obligations under the Investment
Management Agreement or (c) failed to meet the criteria set forth in the definition of Investment Manager in the Certificate of Designations, the Company agrees to cause Newco to provide written notice to each Applicable Person reasonably
promptly, and in any event, no later than three Business Days following the date of receipt of such notice from the Investment Manager or the date that the Company or Newco attains Actual Knowledge of such breach or failure. Further, the
Company agrees to cause Newco (i) to appoint, (x) in the case of an event described in clause (a) above, by no later than 30 days following the date of receipt of such notice from the Investment Manager and (y) in the case
of an event described in clause (b) or (c) above, by no later than 30 days following the later of (A) the date that the Company or Newco attains Actual Knowledge, or receives notice, of such breach or failure and (B) the
expiration of any applicable grace or cure period in the Investment Management Agreement, if the relevant breach has not been cured, in each case, a new Investment Manager meeting the criteria set forth in the definition of Investment Manager in the
Certificate of Designations to replace such resigning or defaulting Investment Manager and (ii) to enter into a new Investment Management Agreement with the replacement Investment Manager appointed in accordance with clause (i) above
containing (A) identical investment guidelines, (B) substantially identical provisions relating to reporting and termination, and (C) other terms that are not materially less favorable to Newco, and to irrevocably instruct the
replacement Investment Manager to provide to Buyer all reports and internet access referred to in section 6 of the Investment Management Agreement. 

  
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 3.8 Custodian. The Company agrees to cause Newco to appoint a Custodian with respect
to the Permitted Investments Account and the Company agrees to cause Newco to enter into, and maintain in full force and effect, the IM Custody Agreement with such Custodian. Promptly upon the Company or Newco attaining Actual Knowledge, or
receiving notice, of a breach by the Custodian of its obligations under the IM Custody Agreement, the Company shall cause Newco enforce its rights under the IM Custody Agreement. In the event that the Custodian shall have (a) notified Newco of
its intention to resign, (b) breached any of its obligations under the IM Custody Agreement or (c) failed to meet the criteria set forth in the definition of Custodian in the Certificate of Designations, the Company agrees to cause Newco
to provide written notice to each Applicable Person reasonably promptly, and in any event, no later than three Business Days following the date of receipt of such notice from the Custodian or the date that the Company or Newco attains Actual
Knowledge, or receives notice, of such breach or failure. Further, the Company agrees to cause Newco (i) to appoint, (x) in the case of an event described in clause (a) above, by no later than 30 days following the date of
receipt of such notice from the Custodian and (y) in the case of an event described in clause (b) or (c) above, by no later than 30 days following the later of (A) the date that the Company or Newco attains Actual Knowledge
of such breach or failure and (B) the expiration of any applicable grace or cure period in the IM Custody Agreement, if the relevant breach has not been cured, in each case, a new Custodian meeting the criteria set forth in the definition of
Custodian in the Certificate of Designations to replace such resigning or defaulting Custodian and (ii) to enter into a new IM Custody Agreement with the replacement Custodian appointed in accordance with clause (i) above containing
(A) identical provisions relating to instructions for transfers from the account maintained pursuant to the IM Custody Agreement, (B) substantially identical provisions on reporting, termination, and waiver of Liens and set-off, and
(C) other terms that are not materially less favorable to Newco, and to irrevocably instruct the replacement Custodian to provide to Buyer all reports referred to in section 6 of the IM Custody Agreement. 

3.9 Issued and Outstanding Class A Preferred Shares. The Company agrees that (a) there shall be no Class A
Preferred Shares issued and outstanding at any time other than the 34,097 shares of Class A Preferred Shares that are authorized by the Certificate of Designations, and (b) until the Repo Transaction Termination Date, the Company shall not
transfer, and, to the extent permitted by applicable law, shall cause Newco not to effect any issuance of, any Class A Preferred Shares or any right or interest therein (including any security interest or any right or power to direct the voting
of such Class A Preferred Shares) except to Buyer pursuant to the Repo Agreement (including any of Buyer’s successors and assignees as provided in the Repo Agreement) or to a buyer under a repurchase agreement that becomes a party to the
voting agreement in respect of the Class A Preferred Shares. 
 3.10 Transfers from Permitted Investments Account.
The Company agrees not to cause or permit Newco (a) to withdraw or otherwise remove from the Permitted Investments Account any instrument or security or (b) instruct or authorize any release or disbursement of funds from the Permitted
Investments Account unless such release or disbursement is for the purpose of paying amounts due to holders of the Class A Preferred Shares in connection with a redemption of the Class A Preferred Shares pursuant to section 6.1 or 6.2 of
the Certificate of Designations. 

  
 14 

 3.11 Director Services Agreement. The Company shall cause Newco to comply with the
terms of that certain agreement between Newco and Appleby Services (Bermuda) Ltd., with a commencement date of June 14, 2013, relating to the provision of the services of the Independent Director. 

3.12 Liquidation of Permitted Investments. At all times prior to the Repo Transaction Termination Date, the Company agrees not to
permit or cause Newco to liquidate any Permitted Investments, except as contemplated by the Investment Management Guidelines and in connection with the redemption of Class A Preferred Shares in accordance with section 6 of the Certificate of
Designations. 
 3.13 Certain U.S. Tax Matters Relating to Newco Sub. At all times prior to the Repo Transaction
Termination Date, the Company (i) will cause Newco Sub not to hold any interest that is treated as an equity interest for U.S. federal income tax purposes in any entity that is not treated as a corporation for U.S. federal income tax purposes,
and (ii) will cause Newco Sub not to engage in any transaction or activity that would cause Newco Sub to be treated as engaged in the conduct of a trade or business in the United States for U.S. federal income tax purposes. 

3.14 Certificate of Authorized Persons relating to the IM Custody Agreement. The Company agrees not to permit or cause Newco,
prior to the Repo Transaction Termination Date, to furnish any new Certificate of Authorized Persons to the Custodian under the IM Custody Agreement (or to revise any existing such certificate) unless such new (or revised) Certificate of Authorized
Persons has been furnished by, or consented to by, the Investment Manager and does not contain any employees or agents (other than the Investment Manager) of any Relevant Party or any Affiliate thereof. As used in this Section 3.14,
“Certificate of Authorized Persons” means the Certificate of Authorized Persons furnished to the Custodian pursuant to the IM Custody Agreement in the form of the exhibit thereto captioned “Certificate of Authorized
Persons”. 
 3.15 Recapture of Dividends. In the event that Newco shall be legally obligated to make restitution of
any amount or property received by it as a dividend or distribution to the immediate or indirect payor thereof or the legal representative of such payor, if and to the extent that the proceeds of such dividend or distribution shall have been paid or
transferred to the Company as a dividend or distribution by Newco, the Company shall promptly make a capital contribution to Newco in an amount equal to the cash or the fair value of any non-cash property distributed to it from such proceeds.

 3.16 Certification in Connection with Newco Dividends. In connection with each meeting of the directors of Newco for
the purpose of consideration of a declaration of a dividend or distribution, the Company shall cause an appropriate officer of Company to provide a certification to the directors of Newco substantially to the effect that such officer has determined,
having conducted due diligence into the source of the funds or property out of which such dividend or distribution is to be paid or made, that the declaration of the proposed dividend or distribution will be permitted under the standards specified
in the law of Bermuda and that such officer has no reason to believe that the funds or property out of which such dividend or distribution is proposed to be paid or made is subject to recovery by or restitution to the immediate or indirect source
thereof. 

  
 15 

 SECTION 4 

MISCELLANEOUS 
 4.1 Termination. This Agreement shall terminate one day after the Repo Transaction Termination Date; provided, however, that (i) the agreements in Section 4.2 shall survive the
Repo Transaction Termination Date and the termination of this Agreement and (ii) if the Transactions under the Repo Agreement (or any portion thereof) are settled through a redemption of the Class A Preferred Shares, the agreements in
Section 3.6 will survive the termination of this Agreement with respect to each applicable jurisdiction until after a period of time has lapsed following the Repo Transaction Termination Date which corresponds to the duration of
the insolvency avoidance or preference period applicable, if any, under the insolvency laws of such jurisdiction. 
 4.2 Indemnification. The Company agrees to indemnify, save and hold harmless the Buyer and its Affiliates, directors, officers, agents, partners, attorneys, advisors and employees (collectively the
“Indemnitees”) from and against: (a) any and all claims, demands, actions or causes of action asserted by any third party or by the Company or Newco if the claim, demand, action or cause of action arises out of or relates to
such Buyer’s commitment under the Repo Agreement, the purchase and holding of the Class A Preferred Shares, any transaction contemplated by this Agreement, or any relationship or relationship alleged to exist by the Company, its
Affiliates, Newco or any other third party of any Indemnitee to the Company, any Affiliate or the Company related to this Agreement or the Operative Documents; (b) any administrative or investigative proceeding by any governmental agency
arising out of or related to a claim, demand, action or cause of action described in clause (a) above; and (c) any and all liabilities, losses, costs, or expenses (including reasonable attorneys’ fees and disbursements and other
professional services) that any Indemnitee suffers or incurs as a result of the assertion of any foregoing claim, demand, action or cause of action; provided that no Indemnitee shall be entitled to indemnification for any loss caused by its own
gross negligence or willful misconduct, or with respect to any dispute between any Indemnitee that is a Buyer and any other person that is another Buyer unless such dispute shall have arisen from a breach by the Company or Newco of an Operative
Document or a Material Affiliate Event. If any claim, demand, action or cause of action is asserted against any Indemnitee, such Indemnitee shall promptly notify the Company, but the failure to so promptly notify the Company shall not affect the
Company’s obligations under this Section 4.2 unless such failure materially prejudices the Company’s right to participate in the contest of such claim, demand, action or cause of action. If requested by the Company in writing, such
Indemnitee shall in good faith contest the validity, applicability and amount of such claim, demand, action or cause of action and shall permit the Company to participate in such contest. Any Indemnitee that proposes to settle or compromise any
claim or proceeding for which the Company may be liable for payment of indemnity hereunder shall give the Company written notice of the terms of such proposed settlement or compromise reasonably in advance of settling or compromising such claim or
proceeding and shall obtain the Company’s prior written consent. In connection with any claim, demand, action or cause of action covered by this Section 4.2 against more than one Indemnitee, all such Indemnitees shall be represented by the
same legal counsel selected by the Indemnitees and reasonably acceptable to the Company; provided that, if such legal counsel determines in good faith that representing all such 

  
 16 

 
Indemnitees would or could result in a conflict of interest under laws or ethical principles applicable to such legal counsel or that a defense or counterclaim is available to an Indemnitee that
is not available to all such Indemnitees, then to the extent reasonably necessary to avoid such a conflict of interest or to permit unqualified assertion of such a defense or counterclaim, each Indemnitee shall be entitled to separate representation
by legal counsel selected by that Indemnitee and reasonably acceptable to the Company, with all such legal counsel using reasonable efforts to avoid unnecessary duplication of effort by counsel for all Indemnitees; provided further that the amount
of the legal fees to be reimbursed by the Company shall be limited to an amount reasonably determined following consultation between the Company, such Buyer and their respective legal counsel, to be equal to the amount that would have been expended
if the Indemnitees have been represented by one counsel. Any obligation or liability of the Company to any Indemnitee under this Section 4.2 shall survive the expiration or termination of this Agreement and the repurchase of the Class A
Preferred Shares pursuant to the Repo Agreement and the payment and performance of all other obligations of the Company under the Operative Documents. In the case of an investigation, litigation or other proceeding to which the indemnity in this
Section 4.2 applies, such indemnity shall be effective whether or not such investigation, litigation or proceeding is brought by the Company, its directors, equity holders or creditors or an Indemnitee or any other Person, whether or not any
Indemnitee is otherwise a party thereto and whether or not the transactions contemplated hereby are consummated. The Company shall timely pay all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar
levies arising from any payment made hereunder or under the Repo Agreement or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or the Repo Agreement to the relevant governmental authority in accordance
with applicable law. Except as otherwise provided in the preceding sentence, this Section 4.2 shall not apply to the extent that the losses, claims, demands, actions, causes of action, damages, liabilities or expenses relate to any taxes
(including withholding taxes and other taxes) for which there may be an indemnification, reimbursement or other payment obligation imposed on the Company pursuant to any other provision of this Agreement. No party hereto or any Indemnitee shall be
liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the
other Operative Documents or the transactions contemplated hereby or thereby. 
 The Company agrees to indemnify Buyer against
any loss incurred by Buyer as a result of any judgment or order being given or made for any amount due hereunder and such judgment or order being expressed and paid in a currency (the “Judgment Currency”) other than United
States dollars and as a result of any variation as between (i) the rate of exchange at which the United States dollar amount is converted into the Judgment Currency for the purpose of such judgment or order, and (ii) the rate of exchange
at which Buyer is able to purchase United States dollars with the amount of the Judgment Currency actually received by Buyer. The foregoing indemnity shall constitute a separate and independent obligation of the Company and shall continue in full
force and effect notwithstanding any such judgment or order as aforesaid. The term “rate of exchange” shall include any customary premiums and costs of exchange payable in connection with the purchase of, or conversion into, the relevant
currency. 
 4.3 Capital Adequacy. If the Buyer determines in good faith that compliance with any law or regulation or
with any guideline or request (excluding any published as of the date hereof 

  
 17 

 
or currently scheduled to take effect) from any central bank or other governmental agency (whether or not having the force of law), in each case adopted or effective after the date hereof has or
would have the effect of reducing the rate of return on the capital of such Buyer or any corporation controlling such Buyer as a consequence of, or with reference to, such Buyer’s commitment under the Repo Agreement or its purchase of the
Class A Preferred Shares thereunder, below the rate which such Buyer or such other corporation could have achieved but for such compliance (taking into account the policies of such Buyer or corporation with regard to capital), then the Company
shall from time to time, upon demand by such Buyer, immediately pay to such Buyer additional amounts sufficient to compensate such Buyer or other corporation for such reduction. A certificate as to such amounts, setting forth in reasonable detail
the basis for such calculations, submitted to the Company by such Buyer, shall be conclusive and binding for all purposes, absent manifest error. The Buyer agrees promptly to notify the Company of any circumstances that would cause the Company to
pay additional amounts pursuant to this Section 4.3. For the purposes of this Section 4.3, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in
connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign
regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to have been adopted or effective after the date hereof, regardless of the date enacted, adopted, effective or issued. 

4.4 Increased Costs. (a) If, after the date hereof, by reason of (i) the adoption of any law by any governmental agency,
central bank or comparable authority with respect to activities in the Eurocurrency market, or (ii) any change in the interpretation or administration of any existing law by any governmental agency, central bank or comparable authority charged
with the interpretation or administration thereof, or (iii) compliance by the Buyer with any request or directive (whether or not having the force of law) of any such governmental agency, central bank or comparable authority, or (iv) the
existence or occurrence of circumstances affecting the Eurocurrency market generally that are beyond the reasonable control of the Buyer: 
 (A) any reserve (including, without limitation, any reserve imposed by the Board of Governors of the Federal Reserve System), special deposit, compulsory loan, insurance charge or similar requirements
shall be imposed, modified or deemed applicable against assets of, deposits with or for the account of, or credit extended by, such Buyer; or 
 (B) such Buyer shall have imposed on it by any regulatory body any other condition, cost or expense affecting its purchase of the Class A Preferred Shares or its commitment under the Repo
Agreement, or any of the same shall otherwise be adversely affected; 
 and the result of any of the foregoing, as determined by such Buyer,
increases the cost to such Buyer of its purchase and holding of the Class A Preferred Shares or its commitment under the Repo Agreement or reduces the amount of any sum received or receivable by such Buyer with respect of its purchase and
holding of the Class A Preferred Shares or its commitment under the Repo Agreement, then, upon demand by such Buyer, the Company shall pay to such Buyer such additional amount or amounts as will compensate such Buyer for such increased cost or
reduction; provided, however, that this Section 4.4 shall not apply to taxes indemnified pursuant to paragraph 14(c) of Annex I of the Repo Agreement and the imposition of, or any change in the

  
 18 

 
rate of, any income or franchise taxes imposed on (or measured by) Buyer’s net income or net profits by the United States of America or by the jurisdiction (or any political subdivision of
any such jurisdiction) under the laws of which Buyer is organized, in which Buyer’s principal office (or other fixed place of business) is located or in which Buyer is otherwise engaged in a trade or business as a result of transactions
unrelated to the Transactions (as defined in the Repo Agreement). A statement of any Buyer claiming compensation under this subsection and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence
of manifest error. Such Buyer agree to endeavor promptly to notify the Company of any event of which it has actual knowledge (and, in any event, within 90 days from the date on which it obtained such knowledge), occurring after the date hereof,
which will entitle such Buyer to compensation pursuant to this Section 4.4, and agrees to designate a different funding office if such designation will avoid the need for or reduce the amount of such compensation and will not, in the judgment
of such Buyer, otherwise be disadvantageous to such Buyer. For the purposes of this Section 4.4, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in
connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign
regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to have been adopted or changed after the date hereof, regardless of the date adopted or changed. 

(b) Anything in this Agreement to the contrary notwithstanding, to the extent any notice under Section 4.3 or this Section 4.4
is given by such Buyer more than 180 days after such Buyer has knowledge (or should have had knowledge) of the occurrence of the event or of the amount of such claim giving rise to the additional cost, reduction in amounts, loss, tax or other
additional amounts described in such Section 4.3 or 4.4, such Buyer shall not be entitled to compensation under such Section for any such amounts incurred or accruing prior to the giving of such notice (except that, if such event giving rise to
the cost, reduction in amounts, loss, tax or other amounts described in such Section is retroactive, then the 180 day period referred to above shall be extended to include the period of retroactive effective thereof). 

4.5 Assignment or Repurchase Upon Claim For Indemnification Etc. In the event that the Buyer shall (i) request
indemnification for any costs under Section 4.3 or 4.4 hereof or paragraph 14(c) of Annex I of the Repo Agreement, and such costs would continue to accrue while the Buyer retains its interest under the Repo Agreement; or (ii) an
“Event of Default” (as defined in the Repo Agreement) pertaining to the Buyer described in paragraph 11 of the Repo Agreement shall have occurred and be continuing; or (iii) the Buyer’s having withheld its agreement to a waiver
or amendment of any Operative Document, the Certificate of Designations or the Bye Laws if such waiver or amendment shall have been consented to by the holder of a majority of the Class A Preferred Shares under their respective Operative
Documents, the Certificate of Designations or the Bye Laws then, in each case (a) the Seller may designate an Accelerated Repurchase Date (as defined in the Repo Agreement) in respect of the Purchased Securities under the Repo Agreement without
providing for the repurchase of any other Class A Preferred Shares or (b) the Buyer will, upon the request of the Seller, transfer all its right, title and interest in and to the Operative Documents, the Certificate of Designations, the
Bye Laws and the Purchased Securities to such person as the Seller shall designate, at a price not less than the price that would be payable upon an acceleration of repurchase date pursuant to the

  
 19 

 
confirmation comprised in the Repo Agreement, provided that (x) such assignment will neither give rise to unindemnified costs to the Buyer nor require burdensome actions on the part of the
Buyer or its Affiliates in order to comply with applicable law; and (y) such assignment shall be on the terms referred to in clauses (a) and (b) of clause (ii) of the definition of “Valuation Process” in Section 2
of Annex I of the Repo Agreement. In the event that the Seller shall have exercised its rights pursuant to clause (a) of the first sentence of the section corresponding to this Section 4.5 of the ancillary agreement of another holder of
Class A Preferred Shares and shall propose to cause the purchase of such Class A Preferred Shares by another person, or shall exercise its rights pursuant to clause (b) of the first sentence of such section, the Seller shall first
offer to cause the sale of such shares to all then-current holders of Class A Preferred Shares at a price equal to the price that would be payable upon an acceleration of repurchase date pursuant to the confirmation comprised in the Repo
Agreement, subject to provisos (x) and (y) stated above. If the holders of Class A Preferred Shares elect not to purchase all such Purchased Securities, Seller may offer to cause the sale of any such shares not sold to a holder
of Class A Preferred Shares to any financial institution on the list separately agreed. The Company shall not sell or cause to be sold to any person not described in the two next previous sentences any shares with respect to which it shall
have exercised its rights pursuant to the section corresponding to this Section 4.5 of the ancillary agreement of another holder of Class A Preferred Shares. The Company shall not transfer any shares repurchased by it pursuant to the
section corresponding to this Section 4.5 of the ancillary agreement of another holder of Class A Preferred Shares to any person who is or would become an Unaffiliated Holder unless the transferee shall have entered into a repurchase
agreement and voting agreement in form and substance satisfactory to the Buyer; provided, that a repurchase agreement in the form of the Repo Agreement and a voting agreement in the form of the voting agreement attached as Exhibit VI to the
Repo Agreement shall be deemed to be satisfactory to the Buyer. 
 4.6 Annual Audit. The Buyer agrees to: (i) vote
in favor of the waiver of the annual audit of Newco’s financial statements; and (ii) direct each director who was appointed by it or who acts on its behalf as a nominee of the Class A Preferred Shareholders to vote in favor of the
waiver of the annual audit of Newco’s financial statements. 
 4.7 Amendments; Restructuring. (a) No amendment
or waiver of any provision of this Agreement, and no consent to any departure by the Company herefrom, shall in any event be effective unless the same shall be in writing and signed by each Applicable Person and the Company. No such waiver of a
provision or consent to a departure in any one instance shall be construed as a further or continuing waiver of or consent to subsequent occurrences, or a waiver of any other provision or consent to any other departure. 

(b) In the event that, as a result of a change in or in the interpretation of applicable law, regulation or accounting practice, the
benefits or protections intended to be afforded to either the Company or Buyer or their respective Affiliates under the Operative Documents, the Certificate of Designations or the Bye Laws shall be materially impaired, the party that shall suffer
such impairment may by notice to the other party request that such other party, at the expense of the requesting party, amend the Operative Documents, the Certificate of Designations or the Bye Laws in order to mitigate such impairment. The party to
which such notice is given shall use reasonable commercial efforts to cooperate in effecting such amendment; provided, however, that such party shall have no obligation to enter into any such 

  
 20 

 
amendment that would entail, in its sole determination, any increase in the costs or risks or reduction in the benefits accruing to it from the transactions governed by the Operative Documents,
the Certificate of Designations or the Bye Laws unless it shall have been indemnified to its satisfaction with respect to such increase or reduction. 
 4.8 Addresses for Notices. Any notice or communication required or permitted to be given by any provision of this Agreement shall be in writing or by facsimile and shall be deemed to have been
delivered, given, and received for all purposes (a) if delivered personally to the Person or to an officer of the Person to whom the same is directed, or (b) when the same is actually received (if during the recipient’s normal
business hours if during a Business Day, or, if not, on the next succeeding Business Day), if sent by facsimile (followed by a hard copy of the same communication sent by certified mail, postage and charges prepaid), or by courier or delivery
service or by mail, addressed as follows, or to such other address as such Person may from time to time specify by notice, if to the Company, at its address at Amgen Inc. One Amgen Center Drive, MS-24-1-C, Thousand Oaks, CA 91320,
Attention: Karen Turner, Director, Treasury, Facsimile No.: +#.###.###.####, and if to any Applicable Person, at its address specified in the Repo Agreement or to such other address (and with copies to such other Persons) as the Person entitled
to receive notice hereunder shall specify by notice given in the manner provided herein to the other Persons entitled to receive notice hereunder. 
 4.9 No Waiver; Cumulative Remedies. No failure on the part of the Buyer to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or
partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by applicable law. 

4.10 Consent to Jurisdiction; Waiver of Venue Objection; Service of Process. THE COMPANY HEREBY IRREVOCABLY SUBMITS TO AND ACCEPTS
THE EXCLUSIVE JURISDICTION OF ANY FEDERAL COURT LOCATED IN THE CITY OF NEW YORK OR THE COURTS OF THE STATE OF NEW YORK, IN EACH CASE, LOCATED IN THE BOROUGH OF MANHATTAN OF THE CITY OF NEW YORK, AND THE COMPANY HEREBY IRREVOCABLY AGREES THAT ANY
ACTION OR PROCEEDING AGAINST IT OR AGAINST ITS PROPERTY ARISING OUT OF OR RELATING TO THIS AGREEMENT (AN “ACTION”) MAY BE HEARD AND DETERMINED IN SUCH FEDERAL OR STATE COURT. THE COMPANY HEREBY IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT THAT IT MAY EFFECTIVELY DO SO, ANY DEFENSE OR OBJECTION (INCLUDING, WITHOUT LIMITATION, ANY DEFENSE OR OBJECTION TO VENUE BASED ON THE GROUNDS OF FORUM NON CONVENIENS) WHICH IT MAY NOW OR HEREAFTER HAVE TO THE MAINTENANCE OF
ANY ACTION IN ANY SUCH JURISDICTION. THE COMPANY HEREBY IRREVOCABLY AGREES THAT THE SUMMONS AND COMPLAINT OR ANY OTHER PROCESS IN ANY ACTION IN ANY JURISDICTION MAY BE SERVED BY MAILING (USING CERTIFIED OR REGISTERED MAIL, POSTAGE PREPAID) TO
THE NOTICE ADDRESS FOR IT SET FORTH HEREIN OR BY HAND DELIVERY TO A PERSON OF SUITABLE AGE AND DISCRETION AT SUCH ADDRESS. THE COMPANY MAY ALSO BE SERVED IN ANY OTHER MANNER PERMITTED BY LAW, IN WHICH EVENT ITS TIME TO RESPOND SHALL BE THE TIME
PROVIDED BY LAW. 

  
 21 

 4.11 Waiver of Jury Trial. THE COMPANY HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL
BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY. 

4.12 Assignment. All covenants and other agreements and obligations in this Agreement shall (a) be binding upon the Company
and their successors, but the Company may not assign its obligations hereunder without the consent of the Applicable Persons and (b) inure to the exclusive benefit of, and be enforceable by, each Applicable Person and its successors and
assigns. 
 4.13 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE
STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CONFLICT OF LAW PRINCIPLES THEREOF. 
 4.14 Counterparts. This Agreement
may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.
This Agreement may be delivered by facsimile transmission of the relevant signature pages hereof. 
 4.15
Severability. Every provision of this Agreement that is prohibited by or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining
provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
 4.16 No Third-Party Beneficiaries. This Agreement is intended for the exclusive benefit of the Buyer and its successors and assigns and no other Person shall have any rights hereunder, whether as a
third-party beneficiary or otherwise. 
 4.17 Waiver of Immunities. To the extent that the Company, Newco or Newco Sub
has or hereafter may acquire any immunity (sovereign or otherwise) from any legal action, suit or proceeding from jurisdiction of any court or from set off or any legal process (whether service or notice, attachment prior to judgment, attachment in
aid of execution of judgment, execution of judgment, or otherwise) with respect to itself or any of its property, such party hereby irrevocably waives and agrees not to plead or claim such immunity in respect of any action brought to enforce its
obligations under this Agreement or relating in any way to this Agreement. 
 [Remainder of page intentionally left
blank] 

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

							
		 	AMGEN INC.
			
		 	By:	 	  

		 		 	Name:	 	Jonathan M. Peacock
		 		 	Title:	 	Executive Vice President and Chief Financial Officer
				
		 		 	Date:	 	
	
	BANK OF AMERICA, N.A.
		
	By:	 	  

			
		 	Name:	 	
		 	Title:	 	

 [Signature Page to Ancillary Agreement] 

 EXHIBIT A TO 
 ANCILLARY AGREEMENT 
 Definitions 

“Action” has the meaning set forth in Section 4.10 of this Agreement. 

“Affiliate” means, with respect to any Person, another Person that directly or indirectly through one or more
intermediaries, controls or is controlled by or is under common control with the Person specified. For purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of
the management or policies of a Person (other than as a result of, or by virtue of, the effect of Special Voting Rights or other weighted voting rights under or pursuant to the Certificate of Designations), whether through the ability to exercise
voting power, by contract or otherwise. “controlling” and “controlled” have meanings correlative thereto. Without limiting the generality of the foregoing, a Person shall be deemed to be controlled by another Person if such other
Person possesses, directly or indirectly, power to vote 10% or more of the securities having ordinary voting power for the election of directors, managing general partners or the equivalent. 

“Agreement” has the meaning set forth in the preamble hereto. 

“Applicable Person” means at any time prior to the Repo Transaction Termination Date, the Buyer and any
transferee of the Buyer’s rights under the Repo Agreement or of the Class A Preferred Shares held by the Buyer or any interest of the Buyer therein. 
 “Buyer” has the meaning ascribed to such term in the Repo Agreement (including each Repo Agreement that may result from the partial assignment or novation of a predecessor Repo
Agreement). 
 “Bye Laws” means the memorandum of association of Newco subscribed on June 14, 2013,
as altered from time to time and the Bye-laws of Newco, adopted on [—], 2013, each as amended, amended and restated, supplemented or otherwise modified from time to time. 

“Certificate of Authorized Persons” has the meaning set forth in Section 3.14 of this Agreement. 

“Certificate of Designations” means that certain Certificate of Designations of Preferences, Limitations, and
Relative Rights of Class A Preferred Shares of ATL Holdings Limited, dated [—]. 
 “Class A Preferred Shares” means the Class A Preferred Shares with a par value of USD 0.01613 each in the capital of Newco having the rights and preferences set
forth in the Certificate of Designations. 
 “Closing Date” means each “Purchase Date” (as
defined in the Repo Agreement). 
 “Company” has the meaning set forth in the preamble to this
Agreement. 

  
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 “Equity Interests” means, with respect to any Person, shares of
capital, shares of (or other ownership or profit interests in) such Person, warrants, options or other rights for the purchase or other acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such
Person, securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or other acquisition from such Person of such shares (or such
other interests), and other ownership or profit interests in such Person (including, without limitation, partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other
interests are authorized or otherwise existing on any date of determination. 
 “Generally Accepted Accounting
Principles” means generally accepted accounting principles in the United States of America. The term “Generally Accepted Accounting Principles” shall be read in each instance as if the words “consistently
applied” followed immediately thereafter, meaning that the accounting principles applied are consistent in all material respects (except for changes concurred in by the Company’s independent public accountants) to those applied at
prior dates or for prior periods. 
 “Indemnitees” has the meaning set forth in Section 4.2 of this
Agreement. 
 “Indemnity Documents” means any agreement or other arrangement pursuant to which Company
agrees to pay or pays legal fees, accounting fees and other out-of-pocket costs and expenses incurred in connection with the closing of the Repo Agreement (and all other agreements executed and delivered in connection therewith) and the consummation
of the transactions contemplated thereunder. 
 “IRS” has the meaning set forth in Section 3.4 of
this Agreement. 
 “Judgment Currency” has the meaning set forth in Section 4.2 of this Agreement.

 “Liabilities” means any and all debts, liabilities and obligations, whether accrued or fixed,
absolute or contingent, matured or unmatured or determined or determinable, including those arising under any law, action or governmental order and those arising under any contract, agreement, arrangement, commitment or undertaking. 

“Newco” means ATL Holdings Limited, a Bermuda exempted company limited by shares. 

“Newco Sub” means ATL Holdings II Limited, a Bermuda exempted company limited by shares. 

“Operative Documents” means (a) this Agreement, (b) the Repo Agreement and (c) any Indemnity
Documents. 
 “Organizational Documents” means (a) with respect to any corporation, the certificate
or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate, articles of formation or
organization and operating agreement or memorandum of 

  
 25 

 
association and bye-laws; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of
formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable governmental authority in the jurisdiction of its formation or organization
and, if applicable, any certificate or articles of formation or organization of such entity. 
 “Purchased
Securities” has the meaning given it in the Repo Agreement. 
 “Relevant Party” has the
meaning set forth in Section 2.1 of this Agreement. 
 “Relevant Subsidiaries” means, collectively,
each of the Company’s Subsidiaries other than Newco and Newco Sub. 
 “Repo Agreement” means that
certain Master Repurchase Agreement (including Annex I thereto), dated as of August 24, 2013, and each confirmation related thereto, in each case, between the Company and Bank of America, N.A., as any of the foregoing may be assigned, in whole
or in part, amended or otherwise modified from time to time, in each case in accordance with their terms. 
 “Repo
Transaction Termination Date” means the later of (i) the expiration of the Availability Period (as defined in the Repo Agreement) and (ii) the final Liquidation Period End Date (as defined in the Repo Agreement) with respect
to all Transactions (as defined in the Repo Agreement) outstanding under the Repo Agreement. 
 “SEC”
means the Securities and Exchange Commission, or any governmental authority succeeding to any of its principal functions. 

“Subsidiary” of any Person means any corporation, company, partnership, joint venture, limited liability company,
trust or estate of which (or in which) more than 50% of (a) the issued and outstanding Equity Interests having ordinary voting power to elect a majority of the board of directors (or persons performing similar functions) of such corporation
(irrespective of whether at the time Equity Interests of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such partnership,
joint venture or limited liability company or (c) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or
more of such Person’s other Subsidiaries. 
 “Transaction” has the meaning assigned to such term in
the Repo Agreement. 
 “United States” and “U.S.” mean the United States of
America. 

  
 26 

 Exhibit IV – Certificate of Designations 

  
 45 

 CERTIFICATE OF DESIGNATIONS OF PREFERENCES, LIMITATIONS AND 

RELATIVE RIGHTS OF 
 CLASS A PREFERRED SHARES 
 OF 

ATL HOLDINGS LIMITED 
  

 
 Pursuant to
the 
 Bye-laws of the Company and the Written Resolutions 

of the Board of Directors 
 Dated [—], 2013 
  

 
 The
Class A Preferred Shares shall have the powers, designations, preferences, and relative, participating, optional or other rights, and the qualifications, limitations and restrictions (in addition to the powers, designations, preferences, and
relative, participating, optional or other rights, and the qualifications, limitations, and restrictions, set forth in the Bye-laws which are applicable to preferred shares) set forth in this Certificate. Capitalized terms used herein and not
otherwise defined herein have the meanings ascribed thereto in the Bye-laws. 
 ARTICLE 1 

DESIGNATION AND RANK 
 1.1. Designation. This Certificate relates to the creation of a single class of preferred shares designated as “Class A Preferred Shares.” The par value of the Class A Preferred
Shares shall be U.S.$ 0.01613 per share, the issue price shall be U.S. $100,000 per share and the number of authorized shares constituting the Class A Preferred Shares shall be 34,097. Subject to the requirements of Section 5.4, and
pursuant to the Bye-laws, the Company may, from time to time, issue additional Class A Preferred Shares subsequent to the Designation Date (as defined below). 
 1.2. Rank. The Class A Preferred Shares with respect to the payment of dividends and other distributions in respect of shares in the capital of the Company, including the distribution of the
assets of the Company upon liquidation, dissolution or winding up, if any, at any time the Class A Preferred Shares are issued and outstanding, shall be: 
  

	 	•	 	 senior to the Common Shares (other than with respect to the payment of Additional Participation Amount and Additional Liquidation Amount, as provided
herein); 

  

	 	•	 	 senior to all other classes of preferred shares; 

  

	 	•	 	 on a parity with all of the Class A Preferred Shares issued by the Company whether on or after the Designation Date; and

  

	 	•	 	 notwithstanding anything herein to the contrary, junior to the claims of creditors, if any, of the Company (including in respect of any contingent or
unliquidated liabilities or obligations) in the order of priority provided by law. 

  
 1 

 1.3. Security. Each Class A Preferred Share shall be a medium for investment and
shall be a “security” governed by Article 8 of the New York Uniform Commercial Code. 
 ARTICLE 2 

DEFINITIONS 
 As used herein: 
  

	 	(a)	“Act” means the Companies Act 1981 of Bermuda. 

  

	 	(b)	“Actual Knowledge” means the actual knowledge of any Senior Officer of Parent. 

 

	 	(c)	“Additional Liquidation Amount” means, in connection with any liquidation, dissolution or winding up of the affairs of the Company or any redemption of
the Class A Preferred Shares and as of the date on which any such event shall be consummated or become effective (the “Relevant Date”), the amount per Class A Preferred Share calculated in accordance with the formula set
forth in Exhibit A hereto; provided, that such Additional Liquidation Amount shall never be less than zero. 

  

	 	(d)	“Additional Participation Amount” means, with respect to any declaration by the Company of dividends on the Common Shares (in accordance with the terms
of this Certificate), the amount per Class A Preferred Share calculated in accordance with the formula set forth in Exhibit B hereto; provided, that such Additional Participation Amount shall never be less than zero.

  

	 	(e)	“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common
control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, will mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of such Person (other than as a result of, or by virtue of, the effect of Special Voting Rights (as defined in Section 5.3) or requirement for a class consent pursuant to Section 5.4), whether through the ownership of voting
securities, by agreement or otherwise. 

  

	 	(f)	“Aggregate Issue Proceeds” has the meaning specified in Section 7.1. 

 

	 	(g)	“Aggregate Redemption Amount” has the meaning specified in Section 7.1. 

  
 2 

	 	(h)	“Ancillary Agreement” means that certain Ancillary Agreement, dated as of [—], 2013, by Parent in
favor of the Buyer, as such agreement may be assigned, in whole or in part, amended, supplemented, restated or otherwise modified from time to time in accordance with its terms. 

 

	 	(i)	“Bankruptcy Action” means any of the following: (i) commencing any case, proceeding or other action on behalf of or against the Company, or
otherwise seeking any relief for the Company, under any existing or future law of any jurisdiction relating to bankruptcy, insolvency, reorganization or relief from debts or the protection of debtors generally; (ii) consenting to or commencing
the institution of bankruptcy, winding-up, liquidation or insolvency proceedings by, on behalf of or against the Company (whether voluntary or involuntary and whether solvent or insolvent); (iii) filing a petition or consenting to a petition
seeking reorganization, arrangement, adjustment, winding-up, liquidation, composition, or other relief on behalf of or against the Company of its debts under any applicable law of any jurisdiction relating to bankruptcy, insolvency, liquidation,
reorganization or relief from debts or the protection of debtors generally; (iv) seeking or consenting to the appointment of a receiver, liquidator, assignee, trustee, sequestrator, custodian or any similar official for the Company or a
substantial portion of its assets; or (v) taking any corporate action (including, without limitation, the adoption of a Resolution to liquidate or wind up the Company voluntarily, whether solvent or insolvent) in furtherance of any of the
foregoing. 

  

	 	(j)	“Board” means the board of directors of the Company. 

  

	 	(k)	“Business Day” means a day other than (i) a Saturday or Sunday or (ii) a day on which banks in New York, London or Bermuda are authorized or
required by law or executive order to, or customarily, remain closed. 

  

	 	(l)	“Buyer” has the meaning specified in the Repo Agreement. 

  

	 	(m)	“Bye-laws” means the Bye-laws of the Company, as the same may be amended and restated from time to time. 

 

	 	(n)	“Capital Lease” means, as to any Person, a lease of any property by that Person as lessee that is or should be recorded as a “capital lease”
on the balance sheet of that Person prepared in accordance with generally accepted accounting principles. 

  

	 	(o)	“Certificate” means this Certificate of Designations of Preferences, Limitations, and Relative Rights of Class A Preferred Shares of the Company.

  

	 	(p)	 “Change of Control” means, with respect to Parent, (i) any Person or two or more Persons acting in concert shall acquire
beneficial ownership (within the meaning of Rule 13d-3 of the Securities and Exchange 

  
 3 

	 	
Commission under the Securities Exchange Act of 1934) directly or indirectly, of securities of the Parent (or other securities convertible into such securities) representing 30% or more of the
combined voting power of all securities of Parent entitled to vote in the election of directors, other than securities having such power only by reason of the happening of a contingency; or (ii) during any period of up to 12 consecutive months,
commencing before or after the date of this Certificate, individuals who at the beginning of such 12-month period were directors of Parent, or whose nomination for election to the Board of Directors of Parent was recommended or approved by a vote of
at least a majority of the directors then still in office who were directors of Parent on the first day of such period, shall cease for any reason to constitute a majority of the Board of Directors of Parent; or (iii) any Person or two or more
Persons acting in concert shall have acquired by contract or otherwise, or shall have entered into a contract or arrangement which upon consummation will result in its or their acquisition of, control over securities of Parent (or other securities
convertible into such securities) representing 30% or more of the combined voting power of all securities of Parent entitled to vote in the election of directors, other than securities having such power only by reason of the happening of a
contingency; provided, however, that there shall not be an Change of Control pursuant to subsections (i) or (iii) above in respect of any Person or group of Persons acting in concert met the requirements set forth in said
subsections (i) or (iii) on the date hereof. 

  

	 	(q)	“Class A Amount” has the meaning specified in Section 4.1. 

 

	 	(r)	“Class A/Common Conversion Rate” means the number of Common Shares into which each Class A Preferred Share shall be converted pursuant to
Section 7.1, which number shall be calculated in accordance with the formula set forth in Exhibit C hereto. 

  

	 	(s)	“Class A Conversion Percentage” means a fraction (expressed as a percentage) the numerator of which is the number of Class A Preferred Shares
to be surrendered for conversion pursuant to Section 7.1 and the denominator of which is the total number of Class A Preferred Shares issued and outstanding immediately prior to such conversion. 

 

	 	(t)	 “Class A Percentage” means 7.2%, as such percentage may be appropriately adjusted, as reasonably determined by the Board (in the
event of redemptions, repurchases, conversions or new issuances of shares of the Company, in each case, following the Repo Date) in order to preserve full participation of the Class A Preferred Shares in the equity of the Company
(provided that (i) no such adjustment, if such adjustment reduces the participation percentage, shall be effective unless and until communicated to the holders of the Class A Preferred Shares by written notice setting forth in
reasonable detail the calculations underlying such adjustment and (ii) no such adjustment, if such adjustment increases the 

  
 4 

	 	
participation percentage, shall be effective unless and until communicated to the holders of the Common Shares by written notice setting forth in reasonable detail the calculations underlying
such adjustment). 

  

	 	(u)	“Code” means the U.S. Internal Revenue Code of 1986, as amended from time to time and the regulations promulgated thereunder. 

 

	 	(v)	“Company” means ATL Holdings Limited, a Bermuda exempted company limited by shares incorporated under the laws of Bermuda on June 14, 2013.

  

	 	(w)	“Consolidated Interest Charges” means, for any period, for the Parent and its Subsidiaries on a consolidated basis, the sum of (a) all interest,
premium payments, debt discount, fees, charges and related expenses of the Parent and its Subsidiaries in connection with borrowed money (including capitalized interest) or in connection with the deferred purchase price of assets, in each case to
the extent treated as interest in accordance with generally accepted accounting principles, and (b) the portion of rent expense of the Parent and its Subsidiaries with respect to such period under Capital Leases that is treated as interest in
accordance with generally accepted accounting principles. 

  

	 	(x)	“Consolidated Net Income” means, for any period, for the Parent and its Subsidiaries on a consolidated basis and in accordance with generally accepted
accounting principles, the net income of the Parent and its Subsidiaries (excluding extraordinary gains and extraordinary losses) for that period. 

  

	 	(y)	“Credit Standard” means, with respect to any date of determination, that the ratio of (i) EBITDA for the four prior fiscal quarters ending on or
prior to such date, to (ii) Consolidated Interest Charges for such period, shall be greater than 2.00. 

  

	 	(z)	“Cumulative Dividend Rate” has the meaning specified in Section 3.2. 

 

	 	(aa)	“Cure Date” has the meaning specified in Section 5.3. 

 

	 	(bb)	“Cure Period” means (a) if the relevant breach is not capable of being cured or, notwithstanding any cure, would reasonably be expected to have a
continuing adverse effect (other than an immaterial adverse effect) on the Unaffiliated Holders or the rights of the Repo Counterparty under the Repo Agreement, zero or (b) in all other cases, 30 calendar days following the earlier of
(i) receipt by Parent of written notice thereof or (ii) Parent attaining Actual Knowledge of such breach. 

  

	 	(cc)	 “Custodian” means any commercial bank or other financial institution at all times (i) that functions in a custodial capacity for
third parties; (ii) that maintains custody of assets on behalf of third parties in excess of U.S. 

  
 5 

	 	
$500 billion; (iii) the long-term U.S. dollar denominated debt obligations of which are rated at least A- by Standard & Poor’s and A3 by Moody’s and the short-term U.S.
dollar denominated debt obligations of which are rated at least A-1 by Standard & Poor’s and P-1 by Moody’s (provided that, if such Person’s long-term and short-term U.S. dollar denominated debt obligations are not
rated by Standard & Poor’s and Moody’s, such Person will nonetheless be deemed to meet the criteria set forth in this clause (iii) if the long-term and short-term U.S. dollar-denominated debt obligations of any parent of such
Person have such respective ratings and such parent shall have issued an irrevocable and unconditional guarantee of the obligations of such Person under the IM Custody Agreement); (iv) the ultimate parent of which is a Person organized under
the laws of the United States, any state thereof or the District of Columbia, the United Kingdom or France and (v) that is not an Affiliate of the Company or Parent, which Custodian shall initially be The Bank of New York Trust Company (Cayman)
Limited or any of its successors and shall remain such Person or any of its successors, as the case may be, if and for so long as such Person or any of its successors, as the case may be, meets the criteria set forth in clauses (i) through
(v) above or until replaced by another commercial bank or other financial institution meeting such criteria. 

  

	 	(dd)	“Daily Stated Dividend Amount” has the meaning specified in Section 3.2. 

 

	 	(ee)	“Debtor Relief Laws” means the Bankruptcy Code of the United States of America, as amended from time to time, and all other applicable liquidation,
conservatorship, bankruptcy, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws from time to time in effect affecting the rights of creditors generally. 

 

	 	(ff)	“Designation Date” means the first date upon which the Buyer, or an Affiliate of the Buyer, becomes a registered holder of any Class A Preferred
Shares. 

  

	 	(gg)	“Determination Date” means, with respect to a Stated Dividend Period, the second London Banking Day preceding the first day of the five calendar day
period preceding the first day of such Stated Dividend Period. 

  

	 	(hh)	“Dividend Event” has the meaning specified in Section 5.3. 

 

	 	(ii)	“Dividend Payment Date” has the meaning specified in Section 3.1. 

 

	 	(jj)	 “EBITDA” means, for any period, for the Parent and its Subsidiaries on a consolidated basis, an amount equal to (a) Consolidated
Net Income for such period plus (b) the following to the extent deducted in calculating such Consolidated Net Income and without duplication: (i) Consolidated Interest Charges for such period; (ii) the provision for Federal,
state, local 

  
 6 

	 	
and foreign income taxes payable (current and deferred) by the Parent and its Subsidiaries for such period; (iii) depreciation and amortization expense for such period; (iv) non-cash
share-based compensation expense for such period; (v) impairment charges, losses on sales of assets and acquired in-process research and development charges for such period, to the extent each is non-cash and non-recurring;
(vi) non-recurring transaction costs incurred in connection with acquisitions and divestures; and (vii) other nonrecurring expenses of the Parent and its Subsidiaries reducing such Consolidated Net Income which do not represent a cash item
in such period or any future period and minus (c) the following to the extent included in calculating such Consolidated Net Income: (i) Federal, state, local and foreign income tax benefit (current and deferred) of the Parent and
its Subsidiaries for such period; (ii) non-cash gains on sales of assets for such period; and (iii) all non-cash items increasing Consolidated Net Income for such period. 

 

	 	(kk)	“Employee Benefit Plan” means any “employee benefit plan” as defined in section 3(3) of ERISA which is, or was at any time, maintained or
contributed to by Parent or with respect to any such plan that is subject to section 302 of ERISA or Title IV of ERISA or section 412 of the Code, any of its ERISA Affiliates. 

 

	 	(ll)	“ERISA” means the U.S. Employee Retirement Income Security Act of 1974, as amended. 

 

	 	(mm)	“ERISA Affiliate” as applied to any Person, means (i) any corporation which is, or was at any time, a member of a controlled group of corporations
within the meaning of section 414(b) of the Code of which that Person is, or was at any time, a member; (ii) any trade or business (whether or not incorporated) which is, or was at any time, a member of a group of trades or businesses under
common control within the meaning of section 414(c) of the Code of which that Person is, or was at any time, a member; and (iii) any member of an affiliated service group within the meaning of section 414(m) or (o) of the Code of which
that Person, any corporation described in clause (i) above or any trade or business described in clause (ii) above is, or was at any time, a member. 

 

	 	(nn)	 “ERISA Event” means (i) a “reportable event” within the meaning of section 4043 of ERISA and the regulations issued
thereunder with respect to any Pension Plan (excluding those for which the provision for thirty day notice to the PBGC, or the penalty for failure to provide such notice, has been waived by regulation or by PBGC technical update); (ii) the
failure to meet the minimum funding standard of sections 412 and 430 of the Code with respect to any Pension Plan (whether or not waived in accordance with section 412(c) of the Code) or the failure to make by its due date a required installment
under section 430(j) of the Code with respect to any Pension Plan or the failure to make any required contribution to a 

  
 7 

	 	
Multiemployer Plan; (iii) the provision by the administrator of any Pension Plan pursuant to section 4041(a)(2) of ERISA of a notice of intent to terminate such plan; (iv) the
withdrawal by the Parent or any of its ERISA Affiliates from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan resulting in liability therefor pursuant to sections 4063 or 4064 of ERISA; (v) the
institution by the PBGC of proceedings to terminate under section 4042 of ERISA any Pension Plan, or the occurrence of any event or condition which might constitute grounds under section 4042 of ERISA for the termination of, or the appointment of a
trustee to administer, any Pension Plan; (vi) the imposition of liability on the Parent or any of its ERISA Affiliates pursuant to section 4062(e) or 4069 of ERISA or by reason of the application of section 4212(c) of ERISA; (vii) the
withdrawal by the Parent or any of its ERISA Affiliates in a complete or partial withdrawal (within the meaning of sections 4203 and 4205 of ERISA) from any Multiemployer Plan if there is any potential liability therefor, or the receipt by the
Parent or any of its ERISA Affiliates of notice from any Multiemployer Plan that it is in reorganization or insolvency pursuant to section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated under section 4041A or 4042 of ERISA;
(viii) the imposition on the Parent or any of its ERISA Affiliates of fines, penalties, taxes or related charges under chapter 43 of the Code or under section 409 or 502(c), (i) or (l) or 4071 of ERISA in respect of any Pension Plan;
(ix) the assertion of a material claim (other than routine claims for benefits) against any Pension Plan or the assets thereof, or against the Parent or any of its ERISA Affiliates in connection with any such Employee Benefit Plan;
(x) receipt from the Internal Revenue Service of notice of the failure of any Pension Plan (or any other Employee Benefit Plan intended to be qualified under section 401(a) of the Code) to qualify under section 401(a) of the Code, or the
failure of any trust forming part of any Pension Plan to qualify for exemption from taxation under section 501(a) of the Code; (xi) the conditions for imposition of a Lien under section 303(k) of ERISA shall have been met with respect to any
Pension Plan or (xii) a determination under section 303(k) of ERISA shall have been met with respect to any Pension Plan. 

  

	 	(oo)	“Exchanged Common Shares” has the meaning specified in Section 7.1. 

 

	 	(pp)	“Free Cash” means cash and cash equivalents (A) representing proceeds made available to the Company solely as a result of (i) the payment of
dividends or other distributions on the Newco Sub Interests or (ii) the proceeds of any issuance of Common Shares or any contribution to the common equity capital of the Company, or (B) credited to, or held in, the Free Cash Account.

  
 8 

	 	(qq)	“Free Cash Account” means a custody account established in the name of the Company with the Custodian pursuant to the Free Cash Custody Agreement.

  

	 	(rr)	“Free Cash Custody Agreement” means that certain global custody agreement, dated as of July 5, 2013, between the Company and the Custodian in
respect of the holding and management of Free Cash (as such agreement may be amended, supplemented, restated or otherwise modified or replaced from time to time in accordance with its terms, the Bye-laws or pursuant to the terms hereof).

  

	 	(ss)	“Free Cash Investment Management Agreement” means that certain investment management agreement, dated as of July 5, 2013, between the Company and
the Investment Manager, in respect of the holding and management of Free Cash (as such agreement may be amended, modified or replaced in accordance with the terms hereof). 

 

	 	(tt)	“IM Custody Agreement” means that certain global custody agreement, dated as of 5 July, 2013, between the Company and the Custodian in respect of
the holding and management of Permitted Investment Property (as such agreement may be amended, supplemented, restated or otherwise modified or replaced from time to time in accordance with its terms, the Bye-laws or pursuant to the terms hereof).

  

	 	(uu)	“Incipient Material Affiliate Event” means any event, act or condition which with notice or lapse of time, or both, would constitute a Material
Affiliate Event. 

  

	 	(vv)	 “Indebtedness” means, as to any Person, (a) all indebtedness of such Person for borrowed money, (b) that portion of the
obligations of such Person under Capital Leases which is properly recorded as a liability on a balance sheet of that Person prepared in accordance with generally accepted accounting principles, (c) to the extent of the outstanding Indebtedness
thereunder, any obligation of such Person that is evidenced by a promissory note or other similar instrument representing an extension of credit to such Person, whether or not for borrowed money, (d) any obligation of such Person for the
deferred purchase price of property or services (other than trade or other accounts payable in the ordinary course of business), (e) any obligation of such Person of the nature described in clauses (a), (b), (c) or
(d) above that is secured by a Lien on assets of such Person, whether or not that Person has assumed such obligation or whether or not such obligation is non-recourse to the credit of such Person, but only to the extent of the lesser of the
face amount of the obligation or the fair market value of the assets so subject to the Lien, (f) obligations of such Person arising under acceptance facilities or under facilities for the discount of accounts receivable of such Person,
(g) any obligation of such Person to reimburse the issuer of any letter of credit issued for the account 

  
 9 

	 	
of such Person upon which and only to the extent a draw has been made, (h) any guaranty or similar obligation of such Person with respect to an obligations of the nature described in clause
(a), (b), (c), (d), (e), (f) or (g) above, and (i) in the case of Parent, the net obligations of the Parent under Swap Contracts. As of any date of determination, the amount of Parent’s Indebtedness with respect to (1) Swap
Contracts shall be equal to the net marked-to-market value (if negative) for Parent for all such Swap Contracts taken as a whole and (2) obligations under clause (d) shall be the stated balance sheet amount of such obligations, determined
on a consolidated basis in accordance with generally accepted accounting principles of Parent and its consolidated subsidiaries on that date. 

  

	 	(ww)	“Independent Director” means a member of the Board appointed in the manner specified under Section 5.7 who, at the time of such appointment and at
all times while serving as a member of the Board, shall be an employee of a professional services firm located in Bermuda that is recognized internationally as a provider of directorial and corporate secretarial services to special purpose entities
organized to facilitate financing transactions and who shall not have been, at the time of such appointment or at any time in the preceding five years, and who shall not be at any time while serving as a member of the Board, (i) a direct or
indirect legal or beneficial owner in the Company or any of its affiliates (excluding de minimis ownership interests), (ii) a creditor, supplier, employee, officer, director, family member, manager, or contractor of the Company or its
affiliates, (iii) a person who controls (whether directly, indirectly, or otherwise) such entity or its affiliates or any creditor, supplier, employee, officer, director, manager, or contractor of the Company or its affiliates or (iv) a
member of the immediate family of any person identified in (i) above; provided that the foregoing clauses (ii) and (iii) shall not exclude an Independent Director provided by a corporate services company solely by reason of
that company, in its ordinary course of business, having entered into arrangements with the Company or any of its affiliates to provide independent directors and provided, further, that Appleby Directors I (Bermuda) Ltd., while incumbent as a
director of the Board, shall be deemed an “Independent Director”. 

  

	 	(xx)	“Investment Management Agreement” means that certain investment management agreement, dated as of 5 July, 2013, between the Company and the
Investment Manager, in respect of the holding and management of Permitted Investment Property (as such agreement has been and may be further amended, supplemented, restated or otherwise modified or replaced from time to time in accordance with its
terms, the Bye-laws or pursuant to the terms hereof). 

  

	 	(yy)	 “Investment Manager” means any entity (i) that has assets under management in excess of U.S. $100 billion (provided,
however, that Goldman Sachs Asset Management International shall be deemed to 

  
 10 

	 	
satisfy the requirements of this clause (i) if it shall have assets under management in excess of U.S. $50 billion), (ii) that is authorized and regulated as an investment advisor by
the Financial Conduct Authority in the United Kingdom and (iii) which is a Person organized under the laws of England, France or Germany, which Investment Manager as of the date hereof is Goldman Sachs Asset Management International and shall
remain such Person or any of its successors, as the case may be, if and for so long as such Person or any of its successors, as the case may be, meets the criteria set forth in this paragraph or until replaced by another commercial bank or other
financial institution meeting such criteria. 

  

	 	(zz)	 “LIBOR” means, with respect to a Stated Dividend Period, the rate (expressed as a percentage per annum) for deposits in U.S. dollars
for a one-month period beginning on the second London Banking Day after the Determination Date that appears on Reuters Screen LIBO Page as of 11:00 a.m., London time, on the Determination Date, or (if such Reuters Screen LIBO Page does not include
such a rate or is unavailable on a Determination Date) the rate (expressed as a percentage per annum) for deposits in U.S. dollars for a one-month period beginning on the second London Banking Day after the Determination Date that appears on
Bloomberg Screen “BBAM1 <GO>” as of 11:00 a.m., London time, on the Determination Date. If Reuters Screen LIBO Page does not include such rate or is unavailable on the Determination Date, the rate (expressed as a percentage per
annum) for deposits in U.S. dollars for a one-month period beginning on the second London Banking Day after the Determination Date as published by such other commercially available source as is mutually agreed upon by the parties as of
11:00 a.m., London time, on the Determination Date. If no such source that includes such rate is available on the Determination Date, the Investment Manager, as calculation agent, shall request the principal London office of each of four major
banks in the London interbank market, as selected by the Investment Manager, to provide such bank’s offered quotation (expressed as a percentage per annum), as of approximately 11:00 a.m., London time, on such Determination Date, to prime
banks in the London interbank market for deposits in a Representative Amount in U.S. dollars for a one-month period beginning on the second London Banking Day after the Determination Date. If at least two such offered quotations are so provided,
LIBOR for the Stated Dividend Period shall be the arithmetic mean of such quotations. If fewer than two such quotations are so provided, the Investment Manager shall request each of three major banks in New York City, as selected by the Investment
Manager, to provide such bank’s rate (expressed as a percentage per annum), as of approximately 11:00 a.m., New York City time, on such Determination Date, for loans in a Representative Amount in U.S. dollars to leading European banks for
a one-month period beginning on the second London Banking Day after the Determination Date. If at least two such rates are so provided, LIBOR for the Stated Dividend Period shall be the arithmetic mean of such rates. If

  
 11 

	 	
fewer than two such rates are so provided, then LIBOR for the Stated Dividend Period shall be LIBOR in effect with respect to the immediately preceding Stated Dividend Period.

  

	 	(aaa)	“Lien” means any mortgage, charge, deed of trust, pledge, hypothecation, assignment for security, security interest, encumbrance, lien or charge of any
kind, whether voluntarily incurred or arising by operation of law or otherwise, affecting any property, including any agreement to grant any of the foregoing, any conditional sale or other title retention agreement, any lease in the nature thereof,
any option or other agreement to sell or give a security interest and/or the filing of or agreement to give any financing statement (other than a precautionary financing statement with respect to a lease that is not in the nature of a security
interest) under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction with respect to any property. 

  

	 	(bbb)	“Liquidation Preference” means U.S. $100,000 per Class A Preferred Share. 

 

	 	(ccc)	“London Banking Day” is any day in which dealings in U.S. dollars are transacted or, with respect to any future date, are expected to be transacted in
the London interbank market. 

  

	 	(ddd)	“Material Adverse Effect” means a material adverse effect on the business, financial condition (taking into account any liabilities (contingent or
otherwise)) or assets (including any Permitted Investment Property) of (x) the Company or (y) Parent and its Subsidiaries (taken as a whole). 

  

	 	(eee)	“Material Affiliate Event” means the occurrence of any of the following events: 

 

	 	(i)	the failure of any representation or warranty of Parent contained in any Ancillary Agreement to be true and correct at the time given in any material respect or, in the
case of any representation or warranty contained in section 2.5, 2.10, 2.12(x), 2.15 or 2.16 of any Ancillary Agreement or that is already qualified by materiality, in any respect; 

 

	 	(ii)	Parent shall fail to comply with any covenant or agreement contained in section 3.2(a), (b) or (d) or section 3.10 of any Ancillary Agreement, which failure,
together with any other such failure that shall then be unremedied, relates to a monetary amount not in the aggregate in excess of U.S.$3,000,000, and such failure shall remain unremedied for thirty calendar days following the earlier of
(x) receipt by Parent of written notice thereof or (y) Parent attaining Actual Knowledge of such failure; 

  
 12 

	 	(iii)	Parent shall fail to comply with any covenant or agreement contained in section 3 of any Ancillary Agreement (other than section 3.3 or section 3.5 or, if the failure,
together with any other such failure that shall then be unremedied, relates to a monetary amount not in the aggregate in excess of U.S.$3,000,000, section 3.2(a), (b) or (d) or section 3.10 of such Ancillary Agreement) and following any
such failure the Cure Period shall have expired, except where such failure or failures, considered in the aggregate together with any remedial actions taken during the Cure Period, would not reasonably be expected to have a material adverse effect
on the Unaffiliated Holders as a class or on the rights of the Repo Counterparty under the Repo Agreement; 

  

	 	(iv)	Parent shall fail to comply in any material respect with any covenant or agreement contained in any Ancillary Agreement (other than any failure described in clause
(ii) or clause (iii) above) and such failure shall remain unremedied for thirty calendar days following the earlier of (x) receipt by Parent of written notice thereof or (y) Parent attaining Actual Knowledge of such failure;

  

	 	(v)	Parent institutes or consents to any proceeding under a Debtor Relief Law relating to it or to all or any substantial part of its property, or is unable or admits in
writing its inability to pay its debts as they mature, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer
for it or for all or any substantial part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of Parent and the appointment continues
undischarged or unstayed for sixty calendar days; or any proceeding under a Debtor Relief Law relating to Parent or to all or any part of its property is instituted without the consent of that Person and continues undismissed or unstayed for sixty
calendar days; or any judgment, writ, warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of Parent and is not released, vacated or fully bonded within sixty calendar days after
its issue or levy; or any order for relief shall be entered in respect of Parent; 

  

	 	(vi)	 Parent (A) fails to make any payment when due and, after the expiration of any stated grace or notice period (whether by scheduled maturity,
required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness (other than Indebtedness under Swap Contracts, but including any Material Revolving Credit Facility) having an aggregate principal amount (including amounts
owing to all creditors under any combined or syndicated 

  
 13 

	 	
credit arrangement other than net settlement amounts due and payable thereunder and not paid) of more than the Threshold Amount with respect to such Indebtedness, or (B) fails to observe or
perform any other material agreement or condition relating to any Indebtedness referenced in clause (A) above, or contained in any instrument or agreement evidencing, securing or relating to any of the foregoing, or any other event occurs, the
effect of which default or other event is to cause such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or cash collateral to be provided, or an offer to repurchase,
prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity; 

  

	 	(vii)	Parent fails to make any payment when due (and remaining unpaid after the expiration of a thirty day period beginning on such due date) (whether by scheduled maturity,
required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness under any Material Revolving Credit Facility; 

  

	 	(viii)	there is entered against Parent a final judgment or order for the payment of money in excess of the Threshold Amount (to the extent not covered by independent
third-party insurance as to which the insurer does not dispute coverage) and, absent procurement of a stay of execution, such judgment remains unstayed, unbonded or unsatisfied for sixty calendar days after the date of entry of judgment;

  

	 	(ix)	an ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which has resulted or could reasonably be expected to result in liability of Parent or an
ERISA Affiliate under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of the Threshold Amount, or there shall exist an “amount of unfunded benefit liabilities” (as defined in section
4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans with respect to which Parent has any financial liability, including potential joint and several liability in the event any such Pension Plan were to terminate (excluding
for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities), which exceeds the Threshold Amount, if in either case such event could reasonably be expected to have a Material Adverse Effect or could
reasonably be expected to affect materially the rights and remedies of the holders of the Class A Preferred Shares or the rights and remedies of the Repo Counterparty under the Repo Agreement; 

  
 14 

	 	(x)	(a) there occurs any Change of Control with respect to Parent or (b) Parent ceases to own directly 100% of the Common Shares; 

 

	 	(xi)	an “Event of Default” (as to any Buyer as defined in the Repo Agreement to which that Buyer is a party) is declared or deemed to be declared with respect to
Parent; 

  

	 	(xii)	Parent fails to cause the Company to comply with Section 5.4, 5.9 or 8.5 of this Certificate or Bye-law 22.14 of the Bye-laws; and/or 

 

	 	(xiii)	The Company terminates the Investment Management Agreement or IM Custody Agreement (other than (x) to the extent required under section 3.7 or 3.8 of any Ancillary
Agreement or (y) in connection with the appointment of a different Investment Manager or Custodian and the entry into a new Investment Management Agreement or IM Custody Agreement that satisfies the criteria set out in such section 3.7 or 3.8,
as the case may be, but only (in the case described in clause (y)) if such appointment has been approved by the Unaffiliated Holders, voting or consenting separately as a class) or appoints an investment manager or custodian that does not meet the
criteria set out, respectively, in the definitions of “Investment Manager” or “Custodian”. 

  

	 	(fff)	“Material Revolving Credit Facility” means (i) that certain Credit Agreement, dated as of December 21, 2011, among the Parent, certain
borrowing subsidiaries, certain banks, Citibank, N.A., as Administrative Agent, and others, as amended, restated, supplemented, modified, extended, refinanced, renewed, defeased, replaced or refunded from time to time, and (ii) if the Credit
Agreement described in clause (i) above shall be no longer in effect, the principal revolving credit agreement to which the Parent is a party from time to time; provided, that in each such case, the Repo Counterparty is a lender or
otherwise extends credit to the Parent or a successor or assign thereof under such facility. 

  

	 	(ggg)	“Memorandum of Association” means the memorandum of association of the Company subscribed on 14 June, 2013, as amended. 

 

	 	(hhh)	“Moody’s” means Moody’s Investors Service, Inc. and its successors. 

 

	 	(iii)	“Multiemployer Plan” means any employee benefit plan which is a “multiemployer plan” (as defined in section 4001(a)(3) of ERISA) to
which Parent or any of its ERISA Affiliates is contributing, or within the preceding six (6) years has contributed, or to which Parent or any of its ERISA Affiliates has, or within the preceding six (6) years has had, an obligation to
contribute. 

  
 15 

	 	(jjj)	“Newco Sub” means ATL Holdings II Limited, a Bermuda exempted company limited by shares incorporated under the laws of Bermuda on 14 June, 2013.

  

	 	(kkk)	“Newco Sub Interests” means any equity or other securities issued to the Company by Newco Sub. 

 

	 	(lll)	“Parent” means Amgen Inc., a Delaware corporation, and its successors. 

 

	 	(mmm)	“PBGC” means the Pension Benefit Guaranty Corporation. 

  

	 	(nnn)	“Pension Plan” means any Employee Benefit Plan other than a Multiemployer Plan, that is subject to section 412 of the Code or section 302 of ERISA or
Title IV of ERISA and is sponsored or maintained by Parent or any ERISA Affiliate or to which Parent or any ERISA Affiliate contributes or has an obligation to contribute. 

 

	 	(ooo)	“Permitted Investments Account” means a custody account established in the name of the Company with the Custodian pursuant to the IM Custody Agreement
or any successor account. 

  

	 	(ppp)	“Permitted Investment Amount” means, as of any date, an amount equal to the sum of (i) with respect to cash credited to, or held in, the Permitted
Investments Account on such date, the U.S. Dollar amount thereof and (ii) with respect to all other Permitted Investment Property credited to, or held in, the Permitted Investments Account on such date, the aggregate of the market value of
all investments constituting such other Permitted Investment Property, as determined and notified to the Company by the Investment Manager. 

  

	 	(qqq)	“Permitted Investment Property” means (i) cash in U.S. dollars and (ii) instruments or securities (including security entitlements in respect
thereof) meeting the criteria set forth in Exhibit A to the Investment Management Agreement (and all proceeds thereof) (provided, however, that any instrument or security that shall have met such criteria on the date of purchase thereof
but shall not on a future date meet such criteria shall nonetheless be deemed to be Permitted Investment Property, for all purposes under this Certificate, until the date on which such instrument or security is replaced, in accordance with the terms
of such Exhibit A, with other Permitted Investment Property). 

  

	 	(rrr)	“Permitted Investments” means (i) the Permitted Investments Account, (ii) all Permitted Investment Property (and all certificates and
instruments from time to time representing or evidencing Permitted Investment Property) credited to, or held in, the Permitted Investments Account from time to time, and (iii) all rights, claims and causes of action, if any, that the Company
may have against the Custodian or any other Person in respect of any of the foregoing. 

  
 16 

	 	(sss)	“Person” means any individual, corporation, company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization,
limited liability company or government or other entity. 

  

	 	(ttt)	“Relevant Date” has the meaning specified in the definition of Additional Liquidation Amount. 

 

	 	(uuu)	“Repo Agreement” means that certain Master Repurchase Agreement (including Annex I thereto), dated as of August 24, 2013, and each
confirmation related thereto, in each case, between Parent and the Repo Counterparty, as any of the foregoing may be assigned, in whole or in part, amended or otherwise modified from time to time, in each case in accordance with their terms.

  

	 	(vvv)	“Repo Counterparty” means Bank of America, N.A. and its permitted successors and assigns under the Repo Agreement. 

 

	 	(www)	“Repo Date” means [—], 2013. 

 

	 	(xxx)	“Repo Date Total Asset Value” means an amount equal to the sum of (i) the Value, as of the Repo Date, of all Permitted Investment Property
credited to, or held in, the Permitted Investments Account on such date and (ii) the fair market value as of such date of all other property and assets of the Company (including the Newco Sub Interests), taken as a whole, as reasonably
determined, in the case of this clause (ii), by the Board in good faith. 

  

	 	(yyy)	“Representative Amount” means a principal amount of not less than U.S. $1.0 million for a single transaction in the relevant market at the
relevant time. 

  

	 	(zzz)	“Resolution” means a resolution of the Company’s shareholders passed in a general meeting or, where required, in a general meeting of a separate
class or separate classes of shareholders of the Company or in either case adopted by resolution in writing, in accordance with the provisions of the Bye-laws and this Certificate. 

 

	 	(aaaa)	“Senior Officer” means (a) the chief executive officer, (b) chief financial officer, (c) general counsel or (d) corporate
treasurer. 

  

	 	(bbbb)	“Special Voting Rights” has the meaning specified in Section 5.3. 

 

	 	(cccc)	“Standard & Poor’s” means Standard & Poor’s, a Division of McGraw Hill Financial, Inc., and its successors.

  

	 	(dddd)	“Stated Dividend” has the meaning specified in Section 3.2. 

  
 17 

	 	(eeee)	“Stated Dividend Period” means the period commencing on and including (a) [—], 2013 and
thereafter (b) a Dividend Payment Date, and ending on and including the day immediately preceding the next succeeding Dividend Payment Date. 

  

	 	(ffff)	“Stated Dividend Rate” has the meaning specified in Section 3.2. 

 

	 	(gggg)	“Subsidiary” of any Person means any corporation, company, partnership, joint venture, limited liability company, trust or estate of which (or in
which) more than 50% of (a) the issued and outstanding shares or other interests having ordinary voting power to elect a majority of the board of directors (or persons performing similar functions) of such corporation or company (irrespective
of whether at the time shares or other interests of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such partnership, joint
venture or limited liability company or (c) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of
such Person’s other Subsidiaries. 

  

	 	(hhhh)	“Swap Contract” means (i) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity
swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options,
forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or any other similar transactions or any
combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (ii) any and all transactions of any kind, and the
related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign Exchange Master Agreement, or any
other master agreement relating to swaps, hedges or other derivative instruments (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master
Agreement. 

  

	 	(iiii)	“Threshold Amount” means U.S. $200,000,000. 

  

	 	(jjjj)	 “Total Asset Value” means, as of any Relevant Date, an amount equal to (i) the sum of (A) the Value, as of a date occurring
two Business Days prior to such Relevant Date, of all Permitted Investment Property credited to, or held in, the Permitted Investments Account on such Relevant Date 

  
 18 

	 	
and (B) the fair market value, as of a date occurring two Business Days prior to such Relevant Date, of all other property and assets of the Company (including the Newco Sub Interests),
taken as a whole, as reasonably determined, in the case of this clause (B), by the Board in good faith minus (ii) the sum of (A) the aggregate amount of all liabilities of the Company existing on the date occurring two Business
Days prior to such Relevant Date (and any reserves in respect of contingent or unliquidated liabilities or obligations of the Company) and (B) the aggregate amount of the net cash proceeds and the fair market value (as of the date of such
contribution, issuance or sale, as reasonably determined by the Board in good faith) of any non-cash property, in each case, received by the Company as a contribution to its common equity capital or from the
issuance of Common Shares. 

  

	 	(kkkk)	“Unaffiliated Holder” means a holder of Class A Preferred Shares that is neither an Affiliate of the Company nor acting in concert with an
Affiliate of the Company for the purpose of voting any Class A Preferred Shares. 

  

	 	(llll)	“Value” means, with respect to all Permitted Investment Property credited to, or held in, the Permitted Investments Account and as of any date, the sum
of (i) with respect to cash, the U.S. Dollar amount thereof and (ii) with respect to all other Permitted Investment Property, the aggregate of the closing bid prices for all of the types of such property and assets (x) as quoted
on such date by the respective principal market-makers for such types of property and assets as selected in good faith by the Board and/or (y) as most recently reported and made publicly available on or prior to such date by a quotation service
or in a medium selected in good faith and in a commercially reasonable manner by the Board. 

 ARTICLE 3

 DIVIDENDS 
 3.1. Dividend Amount. The Company shall pay, if declared, out of funds legally available therefor (including any available contributed surplus or, subject to the Act, share premium), and the
holders of the Class A Preferred Shares as they appear on the register of members of the Company on the day immediately preceding the relevant Dividend Payment Date (as defined below) shall be entitled to receive, if declared, in priority to
the transfer of any amounts to reserves or the payment of any dividends or other distributions to the holders of Common Shares or any other class of preferred shares of the Company, for each Class A Preferred Share, quarterly dividends in an
amount equal to the Stated Dividend payable in cash in U.S. dollars on each March 19, June 19, September 19 and December 19, commencing on [—], 2013 (each, a
“Dividend Payment Date”); provided that the payment and receipt of any such dividends shall be subject to the provisions of Bermuda law, in particular, section 54 of the Act. The amount of any Stated Dividends not paid on the
applicable Dividend Payment Date (regardless of whether declared and regardless of the legal availability of funds to pay such dividends on the applicable Dividend Payment Date) shall accumulate and compound in accordance with the provisions of the
last paragraph of Section 3.2. 

  
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 3.2. Accumulation and Payment. For each Dividend Payment Date and in respect of each
Class A Preferred Share, a stated dividend (the “Stated Dividend”) shall be the amount accumulated on the Liquidation Preference during the Stated Dividend Period immediately preceding such Dividend Payment Date at the rate per
annum, reset quarterly, of the greater of (a) LIBOR minus 0.25% and (b) 0.01% (the “Stated Dividend Rate”). The Stated Dividend for each Class A Preferred Share shall be calculated on the Liquidation Preference and
will accumulate during the relevant Stated Dividend Period. 
 The daily amount of the Stated Dividend with respect to each
Class A Preferred Share issued and outstanding (the “Daily Stated Dividend Amount”) will be calculated by dividing the Stated Dividend Rate in effect for such day by 360 and multiplying the result by the Liquidation Preference.
The amount of Stated Dividends on each Class A Preferred Share for each Stated Dividend Period will be calculated by adding the Daily Stated Dividend Amounts for each day in the Stated Dividend Period. 

All percentages resulting from any of the above calculations shall be rounded, if necessary, to the nearest one hundred-thousandth of a
percentage point, with five one-millionths of a percentage point being rounded upwards (e.g., 9.876545% (or 0.09876545) being rounded to 9.87655% (or 0.0987655)) and all U.S. Dollar amounts used in or resulting from such calculations shall be
rounded to the nearest cent (with one-half cent being rounded upwards). 
 The Company shall instruct and use all reasonable
efforts to cause the Investment Manager to send written notice to each of the holders of the Class A Preferred Shares of the Stated Dividend Rate in effect for any Stated Dividend Period by no later than the first day of such Stated Dividend
Period. All determinations and calculations made by the Investment Manager in the absence of manifest error shall be conclusive for all purposes and binding on the Company and the holders of the Class A Preferred Shares. 

The amount of any Stated Dividends not paid on the applicable Dividend Payment Date (regardless of whether declared and regardless of the
legal availability of funds at such time) shall accumulate and compound on a quarterly basis, at an annual rate, reset quarterly, of LIBOR in effect for each Stated Dividend Period for each day (excluding the day on which any such unpaid and
accumulated Stated Dividends are paid) during which such accumulated Stated Dividends shall remain unpaid, plus the greater of (a) LIBOR minus 0.25% and (b) 0.01% (the “Cumulative Dividend Rate”) and any accumulated and
unpaid dividends, if declared by the Board, shall be payable on a date determined by the Board, to the extent that they may be lawfully paid on such date. 
 3.3. Limitation on Payment of Other Dividends. The Company shall be prohibited from paying dividends (whether in cash, in shares or in kind) on the Common Shares or on any other shares in the
capital of the Company (a) at any time Stated Dividends on the Class A Preferred Shares remain accumulated and unpaid and (b) unless, immediately after giving effect to such distribution (and any distribution in connection therewith
required under Section 3.4) on a pro forma basis, the Company would not be an “investment company” (as defined in the U.S. 

  
 20 

 
Investment Company Act of 1940, as amended, or a company that would be such an investment company but for the application of sections 3(c)(1) and 3(c)(7) of such act). For the avoidance of doubt,
an amount comprising such Stated Dividends shall be at any time deemed “accumulated” if, and only if, it shall be an amount that is specified in Section 3.1 as eligible to be paid on a then-past Dividend Payment Date (without regard
to whether such amount shall have been declared payable or whether the legal requirements for such payment shall have been satisfied). 
 3.4. Additional Participation Amount. Holders of the Class A Preferred Shares shall be entitled to receive an additional dividend in the amount of the Additional Participation Amount to the
extent, and on the date, that the Company pays dividends on the Common Shares. The right of the holders of Class A Preferred Shares to receive any Additional Participation Amount shall be conditional upon and rank pari passu with the
right of holders of Common Shares to receive dividends on the Common Shares. 
 ARTICLE 4 

LIQUIDATION RIGHTS 
 4.1. Preferences on Liquidation of the Company. In the event of any voluntary or involuntary liquidation, dissolution, winding up of the affairs of the Company or other similar event, before any
distribution in liquidation is made in respect of the Common Shares or any other class of preferred shares of the Company and before any redemption, purchase or other similar acquisition by the Company of the Common Shares or any other class of
preferred shares of the Company, the holders of Class A Preferred Shares shall be entitled to receive a payment, out of the assets of the Company legally available for distribution to its shareholders, in an amount in U.S. dollars per
Class A Preferred Share equal to the sum of (a) the Liquidation Preference, (b) any accumulated and unpaid Stated Dividends on each Class A Preferred Share for all completed Stated Dividend Periods compounded at the Cumulative
Dividend Rate, (c) the amount of Stated Dividends on each Class A Preferred Share accumulated on the Class A Preferred Shares then issued and outstanding since the most recent Dividend Payment Date to but excluding the Relevant Date
and (d) an amount of cash in U.S. Dollars equal to the amount of Stated Dividends that would have accrued over a five day period at the Stated Dividend Rate established, in accordance with the terms hereof, on the Determination Date most
recently preceding the last Price Differential Payment Date (as defined in the Repo Agreement) on which Price Differential (as therein defined) then due thereunder shall not have been paid (the sum of such amounts in clauses (a) through
(d) being the “Class A Amount”). 
 For the purposes of this Section 4.1, neither the sale,
conveyance, exchange or transfer (for cash, shares, securities or other consideration) of all or substantially all of the property or assets of the Company nor the consolidation, merger or amalgamation of the Company with or into one or more Persons
shall of itself be deemed to be a liquidation, dissolution or winding up of the Company. 
 4.2. Priority. All of the
preferential amounts to be paid to the holders of the Class A Preferred Shares shall be paid or set apart for payment before the payment or setting apart for payment of any amount for, or the distribution of any assets of the Company to, the
holders of the Common Shares or any other class of preferred shares of the Company. 

  
 21 

 4.3. Assets Insufficient to Permit Payment in Full. If the assets legally available
to be distributed to the holders of the Class A Preferred Shares are insufficient to permit the payment to such holders of their full preferential amount, the assets legally available to be distributed shall be distributed ratably among the
holders of the Class A Preferred Shares in proportion to the full preferential amount each such holder is otherwise entitled to receive. 
 4.4. Additional Liquidation Amount. Upon any voluntary or involuntary liquidation, dissolution, winding up of the affairs of the Company or other similar event or the redemption of the Class A
Preferred Shares pursuant to Article 6 hereof, the holders of the Class A Preferred Shares shall be entitled to receive, and the Company shall pay such holders, the Additional Liquidation Amount, if any, applicable to each Class A
Preferred Share as of the Relevant Date. The right to receive the Additional Liquidation Amount in the case of a liquidation of the Company will arise only after payment in full of all creditors (including in respect of any contingent or
unliquidated liabilities or obligations) and all costs and expenses of the liquidator, in each case, in the order of priority provided by law and shall be payable out of assets lawfully available for distribution to shareholders and shall rank
pari passu with the right of the holders of the Common Shares to receive distributions on liquidation with respect to the Common Shares. 
 ARTICLE 5 
 VOTING RIGHTS; BOARD OF DIRECTORS 

5.1. General. Subject to the Act, the holders of the Class A Preferred Shares shall not have any voting rights except as set
forth in this Certificate or in relation to Bye-law 20 of the Bye-laws. Notwithstanding any provision of this Certificate to the contrary, with respect to any consent of the Class A Preferred Shares that is required under the Bye-laws, this
Certificate, the Act, or otherwise to be held or made separately as a class at a time when any Class A Preferred Shares are held by one or more Unaffiliated Holders (including any consent pursuant to the Special Voting Rights), the voting
rights of the holders of the Class A Preferred Shares shall be adjusted such that the Class A Preferred Shares held by the Unaffiliated Holders shall represent, in the aggregate, 100% of the voting power of all Class A Preferred
Shares entitled to vote, such voting power to be allocated pro rata according to the number of Class A Preferred Shares held by such Unaffiliated Holders. 
 5.2. Class A Directors. The Unaffiliated Holders shall be entitled by notice to the Company signed by or on behalf of the holders of a majority of such Class A Preferred Shares, and, to
the exclusion of the holders of Common Shares, to appoint or remove two Directors to the Board, in accordance with Bye-law 24.2. 
 5.3. Special Voting Rights. 
  

	 	(a)	 In the event that (i) there are accumulated and unpaid Stated Dividends for a period of more than four (4) consecutive Dividend Payment Dates
(a “Dividend Event”), or (ii) a Material Affiliate Event described either (A) in clause (iii) of the definition of such term (insofar as such clause refers to section 3.10 of any Ancillary Agreement) or (B) in
clause (v) of the definition of such term shall have occurred and be continuing, or (iii) a 

  
 22 

	 	
Material Affiliate Event described in a clause other than clause (ii) above shall have occurred and be continuing, the Unaffiliated Holders, as a class, shall, immediately upon the
occurrence of any of the events described in either clause (i) or clause (ii) or clause (iii), be entitled to receive notice of, attend, and vote together with the holders of Common Shares as a single class at any general meeting of the
Company’s shareholders (“Special Voting Rights”) provided, however, that if the Material Affiliate Event that shall give rise to the availability of Special Voting Rights is described in clause (iii) above and such
Material Affiliate Event shall not have resulted from any fraud on the part of the Parent, and if Parent then satisfies the Credit Standard, then the Special Voting Rights shall be exercisable only if Parent has not consummated in full the
repurchase of all the Class A Preferred Shares in accordance with the Repo Agreement not later than the forty-fifth calendar day after the earlier of (x) the date on which a notice is provided either by Parent to any Repo Counterparty or
by any Repo Counterparty to Parent stating that a Material Affiliate Event has occurred and stating the nature of such event and (y) the date on which the Company shall have obtained Actual Knowledge of the occurrence of such Material Affiliate
Event. 

  

	 	(b)	During any period, and for so long as, the holders of the Class A Preferred Shares are entitled to exercise Special Voting Rights pursuant to clause
(a) above, as a class, the voting rights of the Company’s shareholders shall be weighted such that the Class A Preferred Shares held by the Unaffiliated Holders shall represent, in the aggregate, 51% of the voting power of all shares
of the Company entitled to receive notice of, attend, and vote at a general meeting of the Company’s shareholders. 

  

	 	(c)	 In the event that the Unaffiliated Holders shall at any time be entitled to exercise Special Voting Rights pursuant to the provisions of the clause
(a) above, such holders shall cease to be so entitled in the event that, and as of the first date (the “Cure Date”) on which, (i) the Material Affiliate Event giving rise to such Special Voting Rights shall cease to be
continuing (so long as no other Material Affiliate Event shall have occurred and be then continuing) and (ii) there shall not exist any accumulated and unpaid Stated Dividends (other than Stated Dividends accumulated from and after the most
recent Dividend Payment Date preceding the Cure Date). In the case of a Material Affiliate Event described in clause (v) of the definition thereof (other than a proceeding instituted by the Company or any of its Affiliates or to which the
Company or any of its Affiliates has given its consent) that has not resulted in the entry of an order for relief or the appointment of a receiver, liquidator or trustee, the Unaffiliated Holders shall cease to be entitled to Special Voting Rights
upon a final, non-appealable dismissal with prejudice of such proceeding (so long as no other Material Affiliate Event shall have occurred and be then continuing). For the avoidance of doubt, the recurrence of a Material Affiliate Event of the same
type or arising out of the same circumstances as a Material 

  
 23 

	 	
Affiliate Event that has occurred but ceased to be continuing shall be considered to be a new Material Affiliate Event and shall give rise to Special Voting Rights to the extent set forth in this
Certificate. 

 5.4. Class Consent. For so long as any Class A Preferred Shares remain issued and
outstanding and are held by one or more Unaffiliated Holders, in addition to any other consent of shareholders required by law or under the Bye-laws or this Certificate, the prior consent of a simple majority in interest of the Unaffiliated Holders
consenting, separately as a class, shall be necessary for effecting or validating: 
  

	 	(a)	the adoption of amendments to this Certificate, the Company’s Memorandum of Association or the Bye-laws or any alteration of the share capital of the Company;

  

	 	(b)	any sale or disposal of the assets of the Company (determined without regard to the Permitted Investments) if, as a result of such sale or disposal, the Company would
become an “investment company” (as defined in the U.S. Investment Company Act of 1940, as amended, or a company that would be such an investment company but for the application of sections 3(c)(1) and 3(c)(7) of such act);

  

	 	(c)	any sale, transfer, liquidation or other disposition of any Permitted Investments or any withdrawal of any property or assets constituting Permitted Investment Property
from the Permitted Investments Account (other than, in each case, in connection with, and solely to the extent necessary to fund, the payment of any amounts due to the holders of the Class A Preferred Shares under Article 3 (excluding section
3.4), 4 or 6 (excluding section 6.2 unless the Class A Preferred Shares being redeemed are held by an Unaffiliated Holder); 

  

	 	(d)	(i) any amendment or modification to (a) provisions in the Investment Management Agreement relating to investment guidelines, reporting and termination or
(b) provisions in the IM Custody Agreement relating to instructions for transfers from the account maintained pursuant to the IM Custody Agreement, reporting, termination, and waiver of liens and set-off rights by the Custodian and
(ii) any material amendment or modifications to any other provisions in the Investment Management Agreement or the IM Custody Agreement; 

  

	 	(e)	the issuance of any Class A Preferred Shares after the Designation Date; 

 

	 	(f)	the issuance of any class of preferred shares other than the Class A Preferred Shares; 

 

	 	(g)	any action or decision regarding any legal claims, actions, suits or proceedings of any kind or nature that are asserted, instituted or expressly threatened in writing
against the Company and its directly owned assets; (but, for the avoidance of doubt, excluding any equity interest in Subsidiaries); 

  
 24 

	 	(h)	the merger, amalgamation or consolidation of the Company with any other entity; 

 

	 	(i)	the taking of any Bankruptcy Action relating to the Company; 

  

	 	(j)	any redemption pursuant to Section 6.2 of the Class A Preferred Shares of any holder other than an Unaffiliated Holder other than on a pro-rata basis with all
Unaffiliated Holders; 

  

	 	(k)	the appointment of persons authorized to give instructions to the Custodian under the IM Custody Agreement; and 

 

	 	(l)	any variation of class rights of the holders of Class A Preferred Shares. 

 A simple majority in interest of the Unaffiliated Holders of the then issued and outstanding Class A Preferred Shares consenting separately as a class, may waive in writing compliance with any
provisions of this Certificate. 
 5.5. Notice to Holders of Special Voting Rights. No later than two Business Days
following the Company taking any action, or receiving notice or obtaining Actual Knowledge of the occurrence of any event that in each case would give rise to Special Voting Rights pursuant to Section 5.3 or require the consent of the
Unaffiliated Holders pursuant to Section 5.4, the Company shall send written notice to each holder of the Class A Preferred Shares stating that such event has occurred and that, in consequence, the holders of the Class A Preferred
Shares are entitled to Special Voting Rights or that such consent pursuant to Section 5.4 is required, as the case may be; provided, however, that the failure to provide, or timely provide, such written notice shall not prejudice or
otherwise affect any of the rights of the holders of the Class A Preferred Shares granted hereunder. Such notice shall make express reference to Section 5.3 or Section 5.4, as the case may be. 

5.6. Right to Cause a Board Meeting to Be Convened. In the event that the holders of Class A Preferred Shares shall be
entitled to Special Voting Rights pursuant to Section 5.3 or a consent shall be required pursuant to Section 5.4, any holder of the Class A Preferred Shares may, by written notice to the Board, request the Board to meet and specify
those matters to be voted on by the Board at such meeting, and the Board shall, within no more than two Business Days following the date of such notice, convene a meeting for such purpose and vote on such matters. 

5.7. Board Composition; Appointment. The maximum number of members of the Board shall, upon the incorporation of the Company and
until the Unaffiliated Holders shall have appointed the two members of the Board to which they are entitled pursuant to Section 5.2, be three and, immediately following such appointment and until all of the Class A Preferred Shares shall
have ceased to be issued and outstanding, five. One of such members of the Board (other than the members appointed by the Unaffiliated Holders) shall be an Independent Director. The Independent Director and two other members of the Board shall be
appointed by the holders of 

  
 25 

 
the Common Shares. The minimum number of members of the Board required to establish a quorum for purposes of any meeting of the Board shall be the number of members that shall represent a simple
majority of the voting power of all of the members of the Board (taking into account the effect of the voting powers described in Section 5.8, where applicable); provided that if any Class A Preferred Shares are held by one or more
Unaffiliated Holders at least one of the members of the Board appointed by the holders of a majority of the Unaffiliated Holders must be present at a meeting of the Board in order for a quorum to exist for such meeting. The majority of members of
the Board shall, at all times, be resident outside the United States. 
 5.8. Voting Power of Directors. Except as
required by law or as set forth in this Certificate (but without limitation of the quorum requirement set forth in Section 5.7), the members of the Board appointed by the Unaffiliated Holders and the Independent Director shall each be entitled
to cast one vote and all other directors shall each be entitled to cast one hundred votes at meetings of the Board. Notwithstanding the preceding sentence, at any time during which, and for so long as, the Unaffiliated Holders are entitled to
Special Voting Rights, the voting rights of the members of the Board shall be weighted such that the members of the Board appointed by the Unaffiliated Holders shall represent, in the aggregate, 51% of the voting power of all members of the Board,
save where for any reason a single member of the Board appointed by the Unaffiliated Holders is present at a meeting of the Board, in which case such member of the Board shall represent, individually, 51% of the voting power of all members of the
Board. 
 5.9. Board Approval for Mergers, Amalgamations, Bankruptcy Action; Independent Director. The following
corporate actions of the Company shall require the affirmative vote or consent of the Independent Director and of 66 2/3 % of the voting power of all of the members of the Board (in addition to any other consent or approval required hereunder):

  

	 	(a)	the merger, amalgamation or consolidation of the Company with any other Person; and 

 

	 	(b)	to the fullest extent permitted by applicable law, the taking of any Bankruptcy Action. 

For purposes of the vote or consent required under this Section 5.9, the voting rights of the members of the Board shall be weighted
such that the members of the Board appointed by the Unaffiliated Holders shall represent, in the aggregate, 40% (or, if Special Voting Rights are in effect, 51%) of the voting power of all members of the Board. Anything in the Bye-laws or this
Certificate to the contrary notwithstanding, the Independent Director shall be entitled to cast one hundred votes in any matter described in clauses (a) and (b) of the immediately preceding paragraph and shall be entitled to cast one vote
on all other matters. 
 5.10. Discretion of the Board. Whether or not Special Voting Rights are in effect pursuant to
Section 5.3 (and whether or not any consent is required pursuant to Section 5.4), any vote by the Board (including any vote to redeem the Class A Preferred Shares pursuant to Section 6.2 hereof) shall be in its sole discretion
and shall be consistent with each Director’s fiduciary duties to the Company. 

  
 26 

 ARTICLE 6 
 REDEMPTION 
 6.1. Optional Redemption at the Option of the
Company. At any time and from time to time, the Company may, at the Company’s option, to the extent the Company may lawfully do so out of legally available funds in accordance with section 42 of the Act, redeem the then issued and
outstanding Class A Preferred Shares, in whole or in part, for cash from the holders of such Class A Preferred Shares. Partial redemption may be either (a) of not less than 1,100 Class A Preferred Shares ratably among all holders
of Class A Preferred Shares, or (b) of all but not less than all the Class A Preferred Shares held by a holder or holders thereof. 
 6.2. Special Voting Rights Redemption. If the holders of Class A Preferred Shares become entitled to Special Voting Rights pursuant to Section 5.3 hereof, then, upon the affirmative vote
of shareholders representing a majority of the Common Shares voting as a class or the affirmative vote of a majority of the votes entitled to be cast at a meeting of the Board (taking into account the effect of Special Voting Rights) during the
period when such Special Voting Rights are in effect, the Company shall, to the extent the Company may lawfully do so out of legally available funds in accordance with section 42 of the Act, redeem all of the then issued and outstanding Class A
Preferred Shares for cash from the holders of Class A Preferred Shares. 
 6.3. Scheduled Redemption Date. To the
extent the Company may lawfully do so out of legally available funds, and provided they have not otherwise been cancelled or redeemed, each Class A Preferred Share shall be redeemed on the fiftieth anniversary of the Designation Date.

 6.4. Redemption Price. In the event of any redemption of any Class A Preferred Shares pursuant to
Sections 6.1, 6.2 or 6.3, the holders of Class A Preferred Shares to be redeemed shall be entitled to receive, and the Company shall pay such holders, on the applicable redemption date and before any distribution may be made to the holders
of the Common Shares or any other class of preferred shares of the Company, an amount per Class A Preferred Share equal to the Class A Amount. 
 6.5. Redemption Procedures. In the case of any redemption of any Class A Preferred Shares pursuant to Sections 6.1, 6.2 or 6.3 hereof, the Company shall deliver, not less than two nor
more than four Business Days written notice to each holder of record of Class A Preferred Shares at the address of such holder last shown on the register of members of the Company, notifying such holder of such redemption and the relevant
redemption date and calling upon such holder to surrender to the Company such holder’s certificate or certificates representing the shares to be redeemed, such notice to be effective immediately upon delivery. 

On the relevant redemption date, each holder of Class A Preferred Shares to be redeemed shall surrender such holder’s
certificate or certificates representing such shares to the Company, in the manner and at the place designated in a notice delivered to the holder by the Company, and thereupon the Class A Amount of such shares shall be payable to the order of
the holder whose name appears in the register of members of the Company and each surrendered 

  
 27 

 
certificate shall be cancelled. From and after the relevant redemption date, unless there shall have occurred a default in payment of the Class A Amount, all rights of the holders of the
Class A Preferred Shares designated for redemption as holders of Class A Preferred Shares (except the right to receive the Class A Amount, without interest upon surrender of their certificate or certificates) shall cease with respect
to such shares, and such shares shall not thereafter be transferred on the register of members of the Company or be deemed to be issued and outstanding for any purpose whatsoever. 

6.6. Additional Liquidation Amount. Upon any redemption of any Class A Preferred Shares pursuant to Section 6.1, 6.2 or
6.3, the holders of Class A Preferred Shares to be redeemed shall be entitled to receive, and the Company shall pay such holders, the Additional Liquidation Amount, if any, applicable to each such Class A Preferred Share as of the Relevant
Date. 
 6.7. Limitations. Except as otherwise provided in this Article 6, the Company shall have no right to redeem
or repurchase the Class A Preferred Shares. 
 ARTICLE 7 

CONVERSION 
 7.1. Optional Conversion Right. At any time and from time to time, subject to compliance with section 42 of the Act, each holder of the Class A Preferred Shares (other than any holder of
Class A Preferred Shares that is not an Affiliate of the Company) shall be entitled to convert all or any portion of their Class A Preferred Shares into Common Shares at the Class A/Common Conversion Rate. Upon conversion of any of
the Class A Preferred Shares, the Class A Preferred Shares so converted shall no longer be issued and outstanding and the Common Shares issued upon such conversion shall be issued and outstanding as of such date of conversion. Conversion
of the Class A Preferred Shares shall take effect as a redemption of the Class A Preferred Shares and a simultaneous issuance of Common Shares. For the purposes of any such conversion, the redemption of the relevant Class A Preferred
Shares shall be for an aggregate amount (the “Aggregate Redemption Amount”) which is equal to the aggregate issue price (the “Aggregate Issue Proceeds”) of the Common Shares to be exchanged therefor
(“Exchanged Common Shares”) and, for such purposes, the total premium at which such Exchanged Common Shares shall be taken to have been issued shall be the amount of the Aggregate Issue Proceeds less the product of (a) the
number of Exchanged Common Shares and (b) the aggregate par value per share of the Exchanged Common Shares. In the case of any such conversion, the Company’s obligation to pay the Aggregate Redemption Amount shall be set off against the
Aggregate Issue Proceeds due to be paid by such holder of the relevant Class A Preferred Shares to the Company. For the avoidance of doubt, no Additional Liquidation Amount shall be payable in connection with any such conversion of the
Class A Preferred Shares. 
 7.2. Mechanics of Conversion. Conversion of the Class A Preferred Shares may be
effected by the surrender to the Company of any certificate or certificates issued in respect of such Class A Preferred Shares to be converted accompanied by a written notice stating that such holder of Class A Preferred Shares elects to
convert all or a specified whole number of such 

  
 28 

 
shares in accordance with the provisions hereof and specifying the name or names in which such holder of Class A Preferred Shares wishes the certificate or certificates for the Common Shares
to be issued. If Class A Preferred Shares represented by more than one certificate shall be surrendered for conversion at one time by the same holder of Class A Preferred Shares, the number of full Common Shares issuable upon conversion
thereof shall be computed on the basis of the aggregate number of shares elected to be so surrendered. In case such notice shall specify a name or names other than that of such holder of Class A Preferred Shares, such notice shall be
accompanied by payment of all transfer taxes payable upon the issuance of Common Shares in such name or names. Other than such taxes, the Company will pay any and all issue and other taxes (other than taxes based on income) that may be payable in
respect of any issue or delivery of the Common Shares on conversion of the Class A Preferred Shares. As promptly as practicable and, in any event, within no more than five Business Days after the surrender of such certificate or certificates
and the receipt of such notice relating thereto and, if applicable, payment of all transfer taxes (or the demonstration to the satisfaction of the Company that any such taxes have been paid), the Company shall issue and allot the relevant Common
Shares, update the Company’s register of members to reflect such issuance and deliver or cause to be delivered to the converting holder(s) (i) certificates in respect of the number of validly issued, fully paid and non-assessable full
Common Shares to which such holder of Class A Preferred Shares shall be entitled, (ii) any cash owing in lieu of a fractional Common Share and (iii) if fewer than the full number of Class A Preferred Shares evidenced by the
surrendered certificate or certificates are being converted, a new certificate or certificates, of like tenor, for the number of shares evidenced by such surrendered certificate or certificates less the number of shares being converted. 

Upon such conversion, the Class A Preferred Shares being converted shall no longer be issued and outstanding and the rights of such
holder thereof (including the right of such holder to receive any accumulated and unpaid Stated Dividends on such Class A Preferred Shares and any accumulated Stated Dividends from the most recent Dividend Payment Date preceding the date of
conversion) as to the Class A Preferred Shares being converted shall cease except for the right to receive Common Shares in accordance herewith, and the person entitled to receive the Common Shares shall be treated for all other purposes as
having become the record holder of such Common Shares at such time. 
 7.3 Conversion on a repurchase by the Company. On
a purchase of any or all of the Class A Preferred Shares from any Unaffiliated Holder by the Company effected in accordance with the provisions of the Act and, where applicable, this Certificate and the Bye-laws, each Class A Preferred
Share so purchased shall automatically and without further action on the part of the Company or any Shareholder be: (i) sub-divided and converted into 1.613 Common Shares of par value US$0.01 each, having all the rights and restrictions
attaching to Common Shares, and (ii) cancelled. 
 7.4 Conversion upon acquisition by Parent. On the acquisition of
any or all of the Class A Preferred Shares from any Unaffiliated Holder by Parent in accordance with the Accelerated Repurchase Date terms of the Repo Agreement, except any such acquisition that is made in accordance with the provisions of
Section 4.5 of the Ancillary Agreement, each Class A Preferred Share so acquired shall automatically and without further action on the part of the Company or the requirement for any Resolution be sub-divided and converted into 1.613 Common
Shares of par value US$0.01 each, having all the rights and restrictions attaching to Common Shares pursuant to the Bye-laws. 

  
 29 

 ARTICLE 8 

CERTAIN MATTERS 
 8.1. Limited Purpose. The Company may not, without a unanimous vote of the members of the Board and the Company’s Shareholders (including holders of the Class A Preferred Shares),
(a) except as permitted below, hold or invest in assets, (b) issue any equity securities, (c) issue or incur any Indebtedness, (d) have any employees, (e) create, incur or suffer to exist any Liens of any kind on the
Permitted Investments (other than Liens under the IM Custody Agreement, and Liens for taxes, assessments and governmental charges or levies not yet delinquent or being contested in good faith and by appropriate proceedings and as to which adequate
reserves are being maintained in accordance with generally accepted accounting principles), or (f) take any other action other than (i) investing in, purchasing, owning, holding or disposing of, in each case, pursuant to the terms hereof
and the Investment Management Agreement, the Permitted Investments, (ii) issuing Common Shares or receiving equity or capital contributions, or paying dividends or distributions, in respect of the issued and outstanding Class A Preferred
Shares or Common Shares, (iii) investing in, holding or disposing of Free Cash and owning and maintaining the Free Cash Account, (iv) subject to the right of the holders of Class A Preferred Shares to receive payments of Stated
Dividends, Class A Amount, Additional Liquidation Amount and Additional Participation Amount pursuant to the terms hereof, investing in, purchasing, owning, holding or disposing of any Newco Sub Interests or making equity or capital
contributions to, or receiving dividends or distributions from, Newco Sub (provided that any such investments, purchases or contributions may be made solely with Free Cash), (v) discharging its obligations under the Free Cash Custody
Agreement, the Free Cash Investment Management Agreement, the IM Custody Agreement and the Investment Management Agreement and (vi) engaging in any other lawful acts or activities and exercising any power permitted to the Company under
applicable law, the Company’s Bye-laws and this Certificate, so long as the same are incidental to, or connected with, any of the actions permitted under subclause (i), (ii), (iii), (iv) or (v) and are necessary, suitable or
convenient to accomplish any such actions under such subclauses. 
 8.2. Separate Existence. The Company shall maintain
an existence separate and distinct from that of any other entity in the manner prescribed by Bye-law 27.5 of the Bye-laws. 

8.3. Special Voting Rights for Sale or Disposal of Assets. Any sale or disposal of all or substantially all of the assets of the
Company (excluding the Newco Sub Interests and the Free Cash) shall require either (1) (a) the affirmative vote or consent of the Unaffiliated Holders of the issued and outstanding Class A Preferred Shares, voting separately as a
class, and (b) the affirmative vote or consent of the holders of the issued and outstanding Common Shares, voting separately as a class, or (2) the vote of the Board and the approval of a Resolution by the Unaffiliated Holders, voting or
consenting separately as a class. Each of the voting thresholds described in the immediately preceding sentence shall take into account the effect of Special Voting Rights, if any, and the effect, if any, of Section 5.9 and shall in no event
limit Section 5.4. 

  
 30 

 8.4. Transfer Restrictions. The Class A Preferred Shares may only be transferred
in a transaction in compliance with the U.S. Securities Act of 1933, as amended, and otherwise in accordance with the laws of Bermuda and the Bye-laws. 
 8.5. Additional Limitations on the Company. The Company may not without a unanimous vote of the members of the Board and a unanimous vote of the Company’s shareholders (including holders of
the Class A Preferred Shares): 
  

	 	(a)	establish any physical presence or branch office or acquire or rent office space in the United States or any other jurisdiction (other than Bermuda);

  

	 	(b)	appoint a representative or agent in the United States or any other jurisdiction outside of Bermuda with unlimited authority to conduct the business of the Company or
to sign contracts for and on behalf of the Company in any such jurisdiction; 

  

	 	(c)	become a plaintiff, or counterclaim, in any suit, action or proceedings outside Bermuda, except in a special proceeding for purposes of disclaiming the jurisdiction of
the relevant court or tribunal; 

  

	 	(d)	voluntarily appear before a court in any suit, action or proceedings outside Bermuda, except in a special proceeding for purposes of disclaiming the jurisdiction of the
relevant court or tribunal; 

  

	 	(e)	expressly agree to submit to the jurisdiction of any court outside of Bermuda; 

 

	 	(f)	hold Board or shareholder meetings in or from within any jurisdiction other than Bermuda or such other jurisdiction (other than the United States) as should not, in the
opinion of counsel, result in the Company being determined to have a place of business for any purposes in such other jurisdiction; or 

  

	 	(g)	maintain any property or assets of the Company in the United States or maintain any material amount of property or assets of the Company in any other jurisdiction
(other than Bermuda), it being understood that the assignment of any rights or the delegation of any duties by the Custodian to any subcustodian pursuant to the IM Custody Agreement or the Free Cash Custody Agreement shall not require the approval
of the Board or the Company’s Shareholders. 

 8.6. Payment Instruction. Except for any release or
disbursement of funds in connection with a redemption under Section 6.2 hereof, any instruction by the Company to the Custodian directing the Custodian to release or disburse any funds or transfer any instruments or securities from the
Permitted Investments Account shall be in writing (a) signed by each of the members of the Board elected by the holders of Common Shares (voting separately as a class) who shall not be a resident of the United States and the Secretary of the
Company (if such release or disbursement is for purposes of enabling the payment of Stated Dividends on a 

  
 31 

 
Dividend Payment Date) or (b) signed by each of such member of the Board described in clause (a), the Secretary of the Company and each member of the Board elected by the Unaffiliated
Holders who shall not be a resident of the United States (voting separately as a class) (if such release or disbursement is for any other purpose). 
 ARTICLE 9 
 MISCELLANEOUS 

9.1. Mutilated or Missing Class A Preferred Share Certificates. If any of the Class A Preferred Share certificates shall
be mutilated, lost, stolen or destroyed, the Company shall issue, in exchange and in substitution for and upon cancellation of the mutilated Class A Preferred Share certificate, or in lieu of and substitution for the Class A Preferred
Share certificate lost, stolen or destroyed, a new Class A Preferred Share certificate of like tenor and representing Class A Preferred Shares in an aggregate Liquidation Preference equal to that of the Class A Preferred Shares
represented by such mutilated, lost, stolen or destroyed certificate, but only upon receipt of evidence of such loss, theft or destruction of such Class A Preferred Share certificate and indemnity, if requested, satisfactory to the Company.

 9.2. Business Day. If any payment, redemption or conversion shall be required by the terms hereof to be made on a day
that is not a Business Day, such payment, redemption or exchange shall be made on the immediately succeeding Business Day and no further dividends shall accumulate after the day on which payment was required (unless, in the case of the payment of
any Stated Dividends, such next succeeding Business Day occurs during the next succeeding calendar month, in which case such payment will be made on the next preceding Business Day and the amount of such Stated Dividend payment shall not be
reduced). 
 9.3. Share Splits and Other Corporate Events. Any amount prescribed herein which is calculated or determined
on a per share basis or by reference to shareholders’ equity shall be adjusted so as to reflect the effect of any share subdivisions, bonus issues, share consolidations, reorganizations, recapitalizations or other corporate events of a similar
nature. 
 9.4. Limitations. Except as may otherwise be required by law, the Class A Preferred Shares shall not have
any powers, preferences or relative, participating, optional or other special rights other than those specifically set forth in this Certificate (as this Certificate may be amended from time to time) or otherwise in the Bye-laws (to the extent not
contrary to or inconsistent with this Certificate). 
 9.5. Notices. Any notice or communication required or permitted to
be given by any provision of this Certificate shall be in writing or by facsimile and shall be deemed to have been delivered, given, and received for all purposes (a) if delivered personally to the Person or to a Senior Officer of the Person to
whom the same is directed, or (b) when the same is actually received (if during the recipient’s normal business hours if during a Business Day, or, if not, on the next succeeding Business Day), if sent by facsimile (followed by a hard copy
of the same communication sent by certified mail, postage and charges prepaid), or by courier or delivery service or by mail, addressed as follows, or to such other address as such Person may from time to time specify by notice, (i) if to the
Company, at its address at Canon’s Court, 22 Victoria 

  
 32 

 
Street, Hamilton HM12, Bermuda, Attention: Company Secretary, Facsimile No.: (441) 292-8666; and (ii) if to any holders of Class A Preferred Shares, at such holder’s address
as appearing in the Register; or, in each case, to such other address (and with copies to such other Persons) as the Person entitled to receive notice hereunder shall specify by notice given in the manner provided herein to the other Persons
entitled to receive notice hereunder. 
 9.6. Headings and Subdivisions. The headings of the various articles and
subdivisions hereof are for convenience of reference only and shall not affect the interpretation of any of the provisions hereof. 
 9.7. Severability of Provisions. If any right, preference or limitation of the Class A Preferred Shares set forth herein is invalid, unlawful or incapable of being enforced by reason of any
rule of law or public policy, all other rights, preferences and limitations set forth herein that can be given effect without the invalid, unlawful or unenforceable right, preference or limitation shall, nevertheless, remain in full force and
effect, and no right, preference or limitation herein set forth shall be deemed dependent upon any other such right, preference or limitation unless so expressed herein. 
 [Remainder of page intentionally left blank] 

  
 33 

 IN WITNESS WHEREOF, I hereby certify that this Certificate of Designations of
Preferences, Limitations, and Relative Rights of Class A Preferred Shares was duly and properly approved and adopted by written resolutions of the Board of Directors of the Company duly adopted on the date first written above. 

 

			
	By:	 	  

		 	Director

 [Signature Page to Certificate of Designations] 

 Exhibit A 
 to Certificate 
  

			
	Additional Liquidation Amount =	 	

 where: 
 A is the Class A Percentage as of the applicable Relevant Date, 

B is the Total Asset Value as of the applicable Relevant Date, 

C is the Repo Date Total Asset Value, and 
 D is the number of Class A Preferred Shares issued and outstanding. 
 Capitalized
terms in this Exhibit A have the respective meanings specified in Article 2 of this Certificate. 

 Exhibit B 
 to Certificate 
  

			
	Additional Participation Amount =	 	

 where: 
 A is the aggregate amount of dividends on the Common Shares to be paid pursuant to the relevant declaration; 
 B is the Class A Percentage (expressed as a decimal); and 
 C
is the number of Class A Preferred Shares issued and outstanding on the relevant date of determination. 
 Capitalized terms used in this
Exhibit B have the respective meanings specified in Article 2 of this Certificate. 

 Exhibit C 
 to Certificate 
  

			
	Class A/Common Conversion Rate =	 	

 where: 
 A is the Class A Conversion Percentage; 
 B is the number of
Common Shares issued and outstanding immediately prior to the conversion; 
 C is the Class A Percentage immediately
prior to the conversion; and 
 D is the number of Class A Preferred Shares issued and outstanding immediately prior
to the conversion. 
 Capitalized terms used in this Exhibit C have the respective meanings specified in Article 2 of this Certificate.

 Exhibit V – Novation Agreement 

  
 46 

 NOVATION AND JOINDER AGREEMENT 

dated as of [                    ]
among: 
 Amgen Inc. (the “Remaining Party”), [Name of transferring Repo Buyer] (the
“Transferor”) 
 AND 
 [Name of transferee Repo Buyer] (the “Transferee”). 
 The Transferor and the
Remaining Party have entered into the Transaction identified in the attached Schedule A (the “Old Transaction”), evidenced by a Confirmation (the “Old Confirmation”) attached as Schedule A-2 hereto, and subject to a
SIFMA Master Repurchase Agreement dated as of August 24, 2013 (the “Old Agreement”) and relevant Annexes thereto in the form attached as Schedule A-1 hereto. The Transferor and the Remaining Party have, in connection with the
Old Transaction, entered into that certain Ancillary Agreement between them, dated as of [            ] in the form attached as Schedule A-3 hereto (the “Old Ancillary
Agreement”). 
 The Remaining Party and the Transferee are entering into a SIFMA Master Repurchase Agreement dated as of [the date
hereof] (the “New Agreement”), substantially in the form of the Old Agreement except for Annex I to the New Agreement and any other Annexes to the New Agreement set forth in Schedule B-1 hereto, which shall be in the form set forth
in such Schedule B-1. In addition, the Remaining Party and the Transferee are entering into an ancillary agreement between them, which shall be in the form set forth in Schedule B-3 hereto (the “New Ancillary Agreement”).

 With effect from and including [            ] (the
“Novation Date”) the Transferor wishes to transfer by novation to the Transferee, and the Transferee wishes to accept the transfer by novation of, all the rights, liabilities, duties and obligations of the Transferor under and in
respect of such portion of each Old Transaction as evidenced by the [Novated Purchase Price, Novated Repurchase Price
and]1 number of Novated Purchased Securities specified in
Schedule A-3 hereto (the “Novated Portion”), with the effect that the Remaining Party and the Transferee enter into a new transaction (each a “New Transaction”) between them having terms identical to those of the
Old Transaction, except for a [Purchase Price equal to the Novated Purchase price, a Repurchase Price equal to the Novated Repurchase Price and] number of Purchased Securities equal to the number of Novated Purchased Securities and as otherwise set
forth in the Confirmation set forth on Schedule B-2 (the “New Confirmation”). 
 With effect from and including the Novation
Date, the Transferor wishes to transfer to the Transferee the Novated Purchased Securities together with any Income received (whether prior to, on or after the Novation Date) that has not been transferred as of the Novation Date in accordance with
Paragraph 5 of the Old Agreement (as amended and supplemented by Annex I thereto) or applied in accordance with Section 11(c) of Annex I to the Old Agreement, provided that the Transferee’s obligations in respect of any such Income shall
be determined by reference to the date of receipt thereof by the Transferor. 
 With effect from and including the Novation Date, the Transferee
and the Remaining Party wish to enter into the New Ancillary Agreement. 
 [In addition, the Transferor has entered into
the Voting Agreement dated as of [            ], included as Annex 1 to Schedule A-1 hereto originally between Bank of America, N.A. and each Joining Buyer as defined therein (the
“Voting Agreement” and together with the New Confirmation, the New Ancillary Agreement and the other documentation relating to the New Transaction, the “New Transaction Documents”). With effect from and including
the Novation Date, the Transferee wishes to become party to the Voting Agreement.]2 
  

	1 	Not needed if the confirmation only specifies a per share purchase and repurchase price 

	2 	Include the parenthetical for all but the initial novation. (At the time of the initial novation, the Voting Agreement itself should be executed)

 The Remaining Party wishes to accept the Transferee as the sole Buyer with respect to the New Transaction;
provided that to the extent the Novated Portion is less than the entire Old Transaction, the Transferor shall continue to be the Buyer with respect to the portion of the Old Transaction that has not been transferred hereunder (the “Remaining
Portion”). 
 The Transferor and the Remaining Party wish to have released and discharged, as a result and to the extent of the
transfer described above, their respective obligations under and in respect of the Old Transaction except for any Remaining Portion of the Old Transaction and as otherwise expressly set forth herein. 

Accordingly, the parties agree as follows: — 
  

	1.	Definitions. 

 Terms defined in the Old
Agreement and the Old Confirmation are used herein as so defined, unless otherwise provided herein. 
  

	2.	Transfer, Release, Discharge and Undertakings. 

 With effect from and including the Novation Date and in consideration of the mutual representations, warranties and covenants contained in this Novation Agreement and other good and valuable consideration
(the receipt and sufficiency of which are hereby acknowledged by each of the parties): 
  

	 	(a)	the Remaining Party and the Transferor are each released and discharged from further obligations to each other with respect to the Old Transaction, other than any
Remaining Portion, and their respective rights against each other thereunder are cancelled, provided that such release and discharge shall not affect any rights, liabilities or obligations of the Remaining Party or the Transferor with respect to
payments or other obligations due and payable or due to be performed on or prior to the Novation Date, and all such payments and obligations shall be paid or performed by the Remaining Party or the Transferor in accordance with the terms of the Old
Transaction; 

  

	 	(b)	in respect of the New Transaction, the Remaining Party and the Transferee each undertake such liabilities and obligations towards the other and acquire rights against
each other as set forth in the New Agreement, the Remaining Party and the Transferee shall each be deemed to have entered into such New Agreement and New Confirmation as of the Novation Date and the New Transaction shall be governed by and form part
of the New Agreement and the New Confirmation; 

  

	 	(c)	the relevant Old Confirmation shall be deemed modified to reflect any Remaining Portion consistent with this Novation Agreement, including by: (i) adjusting the
Purchase Price such that it is equal to the Purchase Price set forth in the Old Confirmation less the Purchase Price set forth in the New Confirmation; (ii) adjusting the Repurchase Price such that it is equal to the Repurchase Price set forth
in the Old Confirmation less the Repurchase Price set forth in the New Confirmation; (iii) adjusting the number of Purchased Securities such that it is equal to the number of Purchased Securities set forth in the Old Confirmation less the
number of Novated Purchased Securities set forth in the New Confirmation, and (iv) adjusting such other terms mutatis mutandis as required to reflect this Novation Agreement; 

 

	 	(d)	the Transferor undertakes to transfer to the Transferee the Novated Purchased Securities and any Income received with respect thereto (whether received prior to, on or
after the Novation Date) that has not been transferred as of the Novation Date in accordance with Paragraph 5 of the Old Agreement, and the Transferor and the Remaining Party each agrees with respect to itself only that, other than as set out in the
New Agreement, each such transfer shall be free and clear of any security interest, lien, encumbrance or other restriction created by or in respect of it; 

	 	(e)	the Transferee and the Remaining Party each agrees to become a party to, to be bound by, and to comply with the provisions of, the New Ancillary Agreement; and

  

	 	(f)	[the Transferee agrees to become a party to, to be bound by, and to comply with the provisions of, the Voting Agreement in the same manner as if the undersigned were an
original signatory to the Agreement. Transferee further agrees that it shall be a “Buyer” (as defined in the Voting Agreement) under the Voting Agreement.]3 

 The address for notices of the undersigned under the Voting Agreement [shall be as set forth in the New Transaction] / [is as follows: 

 

			
	[Transferee]	  	
	[address]	  	
	[address]	  	
	Facsimile:	  	[            ]
	Attention:	  	[            ]
	E-mail:	  	[            ]4

  

	3.	Representations and Warranties. 

  

	 	(a)	On the date of this Novation Agreement and on each Novation Date: 

  

	 	(i)	Each of the parties makes to each of the other parties those representations and warranties set forth in the first sentence of Paragraph 10 of the Old Agreement as if
such party was the “Buyer” or “Seller” under the Old Agreement with references in such Section to “this Agreement” being deemed references to this Novation Agreement alone. 

 

	 	(ii)	The Remaining Party and the Transferor represents to the other that no Event of Default with respect to it has occurred and is continuing under the Old Agreement and
would not occur under the Old Agreement as a result of its entering into or performing its obligations under this Novation Agreement, and the Remaining Party and the Transferee each represents to the other that no Event of Default with respect to it
has occurred and is continuing under the New Agreement and would not occur under the New Agreement as a result of its entering into or performing its obligations under this Novation Agreement. 

 

	 	(iii)	Each of the Transferor and the Remaining Party represents and warrants to each other and to the Transferee that: 

 

	 	(A)	it has made no prior transfer (whether by way of security or otherwise) of the Old Agreement or any interest or obligation in or under the Old Agreement or in respect
of the Old Transaction that is inconsistent with the transaction contemplated hereby; and 

  

	 	(B)	as of the Novation Date, all obligations of the Transferor and the Remaining Party under the Old Transaction required to be performed on or before the Novation Date
have been fulfilled. 

  

	 	(iv)	The Transferor and Transferee each represents and warrants to the other that (i) it is duly authorized to execute and deliver this Novation Agreement and the
Voting Agreement and 

  

	3 	Include for all but initial novation 

	4 	 Include for all but initial novation 

	 	
to perform its obligations hereunder and has taken all necessary action to authorize such execution, delivery and performance, (ii) the person executing and delivering this Novation
Agreement and the Voting Agreement on its behalf was at the time of execution and delivery duly authorized to do so on its behalf (or on behalf of any such disclosed principal), (iii) it has obtained all authorizations of any governmental body
required in connection with this this Novation Agreement and the Voting Agreement and such authorizations are in full force and effect and (iv) the execution, delivery and performance of this Novation Agreement and the Voting Agreement will not
violate any law, ordinance, charter, by-law or rule applicable to it or any agreement by which it is bound or by which any of its assets are affected, except in the case of clause (iv), as would not reasonably be expected to have a material adverse
effect on the rights of the Transferor or Transferee or their respective affiliates, officers, directors and agents. 

  

	 	(b)	The Transferor makes no representation or warranty and does not assume any responsibility with respect to the legality, validity, effectiveness, adequacy or
enforceability of the New Transaction or the New Agreement or any documents relating thereto and assumes no responsibility for the condition, financial or otherwise, of the Remaining Party, the Transferee or any other person or for the performance
and observance by the Remaining Party, the Transferee or any other person of any of its obligations under the New Transaction or the New Agreement or any document relating thereto and any and all such conditions and warranties, whether express or
implied by law or otherwise, are hereby excluded. 

  

	 	(c)	The Transferee makes no representation or warranty and does not assume any responsibility with respect to the legality, validity, effectiveness, adequacy or
enforceability of the Old Transaction or the Old Agreement or any documents relating thereto and assumes no responsibility for the condition, financial or otherwise, of the Remaining Party, the Transferor or any other person or for the performance
and observance by the Remaining Party, the Transferor or any other person of any of its obligations under the Old Transaction or the Old Agreement or any document relating thereto and any and all such conditions and warranties, whether express or
implied by law or otherwise, are hereby excluded. 

  

	 	(d)	The Transferee represents, warrants, acknowledges and agrees to the Transferor that: 

 

	 	(i)	it (A) is knowledgeable, sophisticated and experienced in business and financial matters and capable of evaluating the merits and risks of a prospective investment
in the New Transaction, the New Transaction Documents and the related securities, (B) has the ability to bear the economic risks of any investment it may make in the New Transaction, the New Transaction Documents and the related securities and
can afford the complete loss of any such investment and (C) is a “qualified institutional buyer” as defined in Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). 

 

	 	(ii)	 it may not and will not rely on any due diligence investigation that Transferor or its affiliates, or any person acting on behalf of any of them, may
conduct or may have conducted with respect to the Old Transaction, the New Transaction, any related documentation (including the New Transaction Documents), the related securities, the issuer of such related securities (the
“Issuer”) or the Remaining Party or the Issuer’s or Remaining Party’s business. It understands that it will be afforded the opportunity to conduct its own due diligence investigation with respect to the New Transaction,
the New Transaction Documents, the related securities, the Issuer and the Remaining Party and its and their business, including the opportunity to engage in discussions with the management of the Remaining Party concerning the Remaining Party, the
Issuer and their business and any investment Transferee may make in the New Transaction, the New Transaction Documents and the related securities. The Transferee acknowledges that in receiving certain opinions of Shearman & Sterling LLP in
connection with the New Transaction the Transferee shall be relying solely upon Shearman & Sterling LLP acting as counsel to the Transferee to the extent of the representation contemplated in the Transferee’s engagement letter with
Shearman & Sterling LLP, and shall not be 

	 	
relying upon the Remaining Party with respect to the subject matter of such opinions. In the event that Transferee determines to proceed with a potential investment in the New Transaction, the
New Transaction Documents and the related securities, it intends to request all information that it believes to be necessary or appropriate in connection with its consideration of such investment. It acknowledges that it is aware that there may be
additional non-public information with respect to the New Transaction, the New Transaction Documents and the related securities, the Issuer, the Remaining Party and developments relating to the Issuer and the Remaining Party that the Company has
agreed to make available or discuss with Transferee upon execution by Transferee of a confidentiality agreement, and that the Transferee has either executed such confidentiality agreement and made investigation satisfactory to it or has elected in
its sole discretion not to request such information or discussion. It acknowledges that neither Transferor nor any of its affiliates, or any person acting on behalf of any of them, has made, or will make, any representation to Transferee, express or
implied, with respect to the adequacy or completeness for Transferee’s purposes of the information that Transferee may receive in connection with a potential investment in the New Transaction, the New Transaction Documents and the related
securities. 

  

	4.	Counterparts. 

 This
Novation Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in counterparts (including by facsimile transmission), each of which will be deemed an original. 

 

	5.	Costs and Expenses. 

 The
parties will each pay their own costs and expenses (including legal fees) incurred in connection with this Novation Agreement and as a result of the negotiation, preparation and execution of this Novation Agreement. 

 

	6.	Amendments.  

 No
amendment, modification or waiver in respect of this Novation Agreement will be effective unless in writing (including a writing evidenced by a facsimile transmission) and executed by each of the parties or confirmed by an exchange of telexes or
electronic messages on an electronic messaging system. 
  

	7.	(a) Governing Law. 

 This
Novation Agreement will be governed by and construed in accordance with the laws of the State of New York without reference to the conflict of laws provisions thereof (other than Section 5-1401 of the New York General Obligations Law).

  

	(b)	Jurisdiction. 

 The terms
of Section [            ] of Annex I to the Old Agreement shall apply to this Novation Agreement with references in such Section to “the Agreement” being deemed references to this
Novation Agreement alone. 
 IN WITNESS WHEREOF the parties have executed this Novation Agreement on the respective dates specified below with
effect from and including the Novation Date. 

									
	  
	 		 	  

	(Name of Remaining Party)	 		 	(Name of Transferor)
					
	By:	 	  
	 		 	By:	 	  

		 	Name:	 		 	Name:	 	
		 	Title:	 		 	Title:	 	
		 	Date:	 		 	Date:	 	
				
	  
	 		 		 	
	(Name of Transferee)	 		 		 	
					
	By:	 	  
	 		 		 	
		 	Name:	 		 		 	
		 	Title:	 		 		 	
		 	Date:	 		 		 	

 SCHEDULE A 
 Identification of Old Transaction to be discharged in whole or in part 
 SCHEDULE
A-1 
 Old Agreement 
 [Old Agreement including Annex 1 to be inserted] 
 SCHEDULE A-2 

Old Confirmation 
 [Old Confirmation to be inserted] 
 SCHEDULE A-3 

Novated Portion 
 [Novated Purchase Price: 
 Novated Repurchase Price:] 

Novated Purchased Securities: 
 ANNEX A 
 [Form of] Voting Rights Agreement 

 SCHEDULE B 
 Identification of New Transaction 
 SCHEDULE B-1 

New Agreement 
 [Annexes to New Agreement to be inserted] 
 SCHEDULE B-2 

New Confirmation 
 [New Confirmation to be inserted] 

 Exhibit VI – Voting Agreement 

  
 47 

 CONFIDENTIAL 
 ANNEX 1 TO NOVATION AGREEMENT 
 [FORM OF] VOTING AGREEMENT

 This VOTING AGREEMENT (as amended, amended and restated, supplemented or otherwise modified from time to time, the
“Agreement”) is entered into as of [            ], 201    . 
 AMONG: 
  

	 	(1)	Amgen Inc., hereinafter referred to as the “Seller”, 

 AND: 
  

	 	(2)	Bank of America, N.A., hereinafter referred to as the “Original Buyer” 

 AND: 
  

	 	(3)	 [            ], hereinafter referred to as the “Assignee Buyer”.1 

It is contemplated that other persons may become a party to this agreement by executing a Joinder Agreement substantially in the form of Annex A hereto,
each hereinafter referred to as a “Joining Buyer”, and, together with the Original Buyer and the Assignee Buyer, the “Buyers”; 
 The Buyers and the Seller are hereinafter jointly referred to as the “Parties”, and each individually as a “Party”; 

WHEREAS: 
  

	(A)	The Original Buyer and the Seller have entered into a Master Repurchase Agreement, dated as of August 24, 2013 (the “Original Repo Agreement”),
pursuant to which Purchased Securities have been transferred by the Seller to the Original Buyer against the transfer of funds by the Original Buyer, with a simultaneous agreement by the Original Buyer to transfer to the Seller such Purchased
Securities at a date certain or on demand, against the transfer of funds by the Seller; and 

  

	(B)	The Repo Agreement provides that a Buyer may transfer its rights and obligations under the Repo Agreement in whole or in part to certain persons through a Novation
Agreement (as provided therein), provided, however, that, if after giving effect to such transfer there will be more than one such Buyer, the transferee Buyer shall also become a party to this Agreement; and 

 

	(C)	[describe the transfers as a result of which this agreement is entered into]; 

 

	1 	 Conforming changes if Original Buyer is no longer party, or if there are more than two Buyers at any time. 

  
 -1-

 NOW, THEREFORE, in consideration of the premises and the mutual promises and covenants contained
herein, and for other good and valuable consideration, the receipt and sufficiency of which the parties expressly acknowledge, the parties hereto hereby agree as follows: 
 1. Definitions. The following terms used in this Agreement have the meaning given them in the relevant Repo Agreement: 

 

	 	(a)	Ancillary Agreement; 

  

	 	(b)	Certificate; 

  

	 	(c)	Default; 

  

	 	(d)	Event of Default; 

  

	 	(e)	Material Affiliate Event; 

  

	 	(f)	Novation Agreement; 

  

	 	(g)	Price Differential; 

  

	 	(h)	Purchased Securities; 

  

	 	(i)	Purchased Security; 

  

	 	(j)	Repurchase Date; 

  

	 	(k)	Repurchase Price; and 

  

	 	(l)	Transaction. 

 2. Additional Definitions.
The following terms have the meanings specified below. 
  

	 	(a)	Instructing Buyers means, as of any time, one or more Buyers having an aggregate amount of the Purchased Security comprising not less than 10% of the interests
of all Buyers. 

  

	 	(b)	Majority of Buyers means a majority in interest of Buyers that are “Unaffiliated Holders”, as such term is defined in the Certificate.

  

	 	(c)	Non-General Default or Non-General Event of Default means, with respect to a Buyer, a Default or Event of Default that is a Default or Event of Default in
respect of the Seller under paragraph 11(ii), (iv), (v), (vi), (vii) (with respect to clauses (i) and (v) of paragraph 10 of the Repo Agreement) or (viii) of the Repo Agreement to which such Buyer is party.

  
 -2-

	 	(d)	Repo Agreement means at any time the Original Repo Agreement (if at such time the repurchase by the Seller of the Purchased Securities subject thereto shall not
have been consummated) and any other repurchase agreement entered into by novation of the Original Repo Agreement directly or indirectly (if at such time the repurchase by the Seller of the Purchased Securities subject thereto shall not have been
consummated). 

  

	 	(e)	Transaction Documents means the Transaction Documents as defined in the Repo Agreement together with the Certificate, in each case as amended, amended and
restated, supplemented or otherwise modified from time to time. 

 3. Representations and Warranties. 

The Seller and each Buyer represents and warrants to the other that (i) it is duly authorized to execute and deliver this Agreement
(and the applicable Joinder Agreement, as applicable) and to perform its obligations hereunder and has taken all necessary action to authorize such execution, delivery and performance, (ii) the person executing and delivering this Agreement
(and the applicable Joinder Agreement, as applicable) on its behalf was at the time of execution and delivery duly authorized to do so on its behalf (or on behalf of any such disclosed principal), (iii) it has obtained all authorizations of any
governmental body required in connection with this Agreement (and the applicable Joinder Agreement, as applicable) and such authorizations are in full force and effect and (iv) the execution, delivery and performance of this Agreement (and the
applicable Joinder Agreement, as applicable) will not violate any law, ordinance, charter, by-law or rule applicable to it or any agreement by which it is bound or by which any of its assets are affected, except in the case of clause (iv), as would
not reasonably be expected to have a material adverse effect on the rights of the Buyers or the Seller or their respective affiliates, officers, directors and agents. 
 4. Voting Restrictions. 
  

	 	(a)	Subject to Section 4(b), the Buyers will each consent to any amendment or waiver of their respective Transaction Documents if and only if a Majority of Buyers
shall have agreed to identical amendments or waivers to their respective Transaction Documents; provided, however, that each Buyer shall have sole discretion to grant or withhold the waiver of any Non-General Default or Non-General
Event of Default and to exercise remedies with respect thereto in accordance with the Repo Agreement to which it is party. 

  

	 	(b)	Notwithstanding Section 4(a), no Buyer shall be required to enter into or consent to any amendment or waiver of any term of this Agreement. Notwithstanding
Section 4(a), no Buyer shall be required to enter into any amendment or waiver of any Transaction Document that would have the effect of: 

  

	 	(i)	reducing the Price Differential, the Repurchase Price of any Purchased Securities or the amount of any fees or indemnification under any Transaction Document payable in
respect of any Transaction to which such Buyer is party or extending the time for payment of any such amounts; 

  
 -3-

	 	(ii)	making any payment under the Repo Agreement to which such Buyer is party payable in money other than that stated in such agreement; or 

 

	 	(iii)	impairing the right of any Buyer to receive payment of Repurchase Price of and Price Differential on any Transaction to which such Buyer is party on or fees or
indemnification thereunder on the due dates therefor or to institute a suit for the enforcement of any overdue payment on or with respect to the Transaction to which such Buyer is party. 

 

	 	(c)	Each Buyer will each declare or refrain from declaring the acceleration of the Repurchase Date following an Event of Default of the Seller under the Repo Agreement to
which such Buyer is party in accordance with the decision of a Majority of Buyers; provided, however, that if such an Event of Default is a Non-General Event of Default, it shall be within the sole discretion of such Buyer whether to
declare or refrain from declaring such acceleration if and only if such Buyer is a Buyer or group of Buyers comprising Instructing Buyers. 

  

	 	(d)	Each Buyer will give notice or refrain from the giving notice of a Material Affiliate Event under Section 5.3(a) of the Certificate, and will exercise or refrain
from exercising, “Special Voting Rights” (as defined in the Certificate) following a Material Affiliate Event under the Certificate in accordance with the decision of a Majority of Buyers; provided, however, that, in the case
of Special Voting Rights arising from, or existing during the continuance of, a Material Affiliate Event described in clause (i) (with respect to Sections 2.1, 2.2, 2.3, 2.4, 2.6, 2.8 (with respect to the second sentence thereof only), 2.9,
2.10, 2.11, 2.13, 2.14, 2.15(b) and 2.16 of the Ancillary Agreement), (ii), (iii), (iv) (other than with respect to Sections 3.3 and 3.5 of the Ancillary Agreement), (v), (vi), (x)(b), (xi) (with respect to any Non-General Event of Default
in respect of such Buyer), (xii) or (xiii) of the definition of such term in the Certificate, if Instructing Buyers shall elect in their sole discretion to exercise Special Voting Rights, then the other Buyers shall exercise Special Voting
Rights and their rights under Sections 5.6 and 5.7 of the Certificate as reasonably directed by such Instructing Buyers solely in order to bring about the prompt redemption of the Purchased Securities held by such Instructing Buyers.

  

	 	(e)	No Buyer shall consent to effectuate or validate any of the actions set forth in Section 5.4 of the Certificate unless each Instructing Buyer directs that such
consent shall be given, with each such Instructing Buyer having sole discretion to give or withhold such direction provided, however, that each Buyer will consent to effecting or validating any action or decision specified in
Section 5.4(g) or 5.4(k) of the Certificate if and only if the Majority of Buyers shall have agreed to give such consent. 

  
 -4-

 5. Specific Performance. Each Buyer acknowledges that it may be impossible to determine the amount of
damages that would result from any breach of any of its obligations under this Agreement and that the remedy at law for any breach, or threatened breach, would likely be inadequate and, accordingly, agrees that the Seller shall, in addition to any
other rights or remedies which it may have at law or in equity, be entitled to seek such equitable and injunctive relief as may be available from any court of competent jurisdiction to restrain any Buyer from violating any of its obligations under
this Agreement. In connection with any action or proceeding for such equitable or injunctive relief, each Buyer hereby waives any claim or defense that a remedy at law alone is adequate and agrees, to the maximum extent permitted by law, to have the
obligations of such Buyer under this Agreement specifically enforced against it, without the necessity of posting bond or other security, and consents to the entry of equitable or injunctive relief against such Buyer enjoining or restraining any
breach or threatened breach of this Agreement. 
 6. Miscellaneous. 

 

	 	(a)	This Agreement shall be governed by the laws of the State of New York without giving effect to the conflict of law principles thereof. 

 

	 	(b)	Each Party irrevocably and unconditionally (i) submits to the exclusive jurisdiction of any United States Federal or New York State court sitting in the Borough of
Manhattan and any appellate court from any such court solely for the purpose of any suit, action or proceeding brought to enforce its obligations under this Agreement, and (ii) waives, to the fullest extent it may effectively do so, any defense
of an inconvenient forum to the maintenance of such action or proceeding in any such court and any right of jurisdiction on account of its place of residence or domicile. 

 

	 	(c)	Each Party hereby irrevocably agrees that the summons and complaint or any other process in any action in any jurisdiction may be served by mailing (using certified or
registered mail, postage prepaid) in the manner of giving notices set forth herein or by hand delivery to a person of suitable age and discretion at the notice address provided pursuant to this Agreement. Each Party may also be served in any other
manner permitted by law, in which event its time to respond shall be the time provided by law. 

  

	 	(d)	To the extent that any Party has or hereafter may acquire any immunity (sovereign or otherwise) from any legal action, suit or proceeding from jurisdiction of any court
or from set off or any legal process (whether service or notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment, or otherwise) with respect to itself or any of its property, such Party hereby
irrevocably waives and agrees not to plead or claim such immunity in respect of any action brought to enforce its obligations under this Agreement or relating in any way to this Agreement. 

 

	 	(e)	EACH PARTY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY WITH RESPECT TO ANY PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT. 

  
 -5-

	 	(f)	This Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in any number of counterparts, each of which counterparts
shall be deemed to be an original and such counterparts shall constitute but one and the same instrument. 

  

	 	(g)	Any and all notices, statements, demands or other communications hereunder may be given by a Party in the manner set forth in the Repo Agreement to which it is party.

  

	 	(h)	Each provision and agreement herein shall be treated as separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding
the unenforceability of any such other provision or agreement. 

  

	 	(i)	The rights and obligations of the Seller under this Agreement shall not be assigned without the prior written consent of each Buyer. The rights and obligations of any
Buyer under this Agreement shall not be assigned without the prior written consent of the Seller, except in connection with the transfer of its rights under the Repo Agreement in accordance with the terms thereof to a person that is or, concurrently
with such transfer, becomes a party to this Agreement. No Party shall transfer any Purchased Security to any person while this Agreement remains in effect unless such person is or, concurrently with such transfer, becomes a party to this Agreement.

  

	 	(j)	No modification or waiver of any provision of this Agreement and no consent by any party to a departure herefrom shall be effective unless and until such shall be in
writing and duly executed by all of the parties hereto. 

  

	 	(k)	This Agreement shall terminate automatically (i) with respect to any Buyer upon the earlier of (A) the later of (x) termination of the Repo Agreement to
which it is party and (y) the transfer by such Party of all such Party’s Purchased Securities and (B) the transfer in accordance with the terms thereof of its interest therein (together with a transfer of such Purchased Securities);
(ii) with respect to the Seller upon the termination of all the Repo Agreements; and (iii) with respect to all parties upon the termination of all the Repo Agreements and payment in full of all Buyers that are a Party hereto.

 [remainder of page intentionally left blank] 

  
 -6-

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

			
	BANK OF AMERICA, N.A.
		
	By:	 	  

		 	Name:
		 	Title:
	
	AMGEN INC.
		
	By:	 	  

		 	Name:
		 	Title:
	
	[                    ]
		
	By:	 	  

		 	Name:
		 	Title:

  
 -7-

 ANNEX A 
 Form of Joinder Agreement 
 The undersigned, [Joining
Buyer], a [                    ], hereby agrees, effective as of the date hereof, to become a party to, to be bound by, and to comply with
the provisions of, that certain Voting Agreement (as amended, amended and restated, supplemented or otherwise modified prior to the date hereof, the “Agreement”), dated as of
[                    ], by and among
[                    ], [Bank of America, N.A.], [            ], and any other Joining
Buyers (as defined therein) from time to time, in the same manner as if the undersigned were an original signatory to the Agreement. A copy of the Agreement is attached hereto in Schedule I. The undersigned further agrees that it shall be a
“Buyer” (as defined in the Agreement) under the Agreement. 
 The undersigned represents and warrants to the Seller
and each other Buyer as set forth in Section 2 of the Agreement. 
 The address for notices of the undersigned under the
Agreement is as follows: 
  

			
	[Joining Buyer]
	[address]	  	
	[address]	  	
	Facsimile:	  	[            ]
	Attention:	  	[            ]
	E-mail:	  	[            ]

 Defined terms used but not otherwise defined herein shall have the meanings assigned to such terms in the
Agreement. 
 Accordingly, the undersigned has executed and delivered this Joinder Agreement as of the     
day of             ,         . 
  

			
	[Joining Buyer]
		
	By:	 	  

		 	Name:
		 	Title:

  
 -8-

 Schedule I to 
 Joinder Agreement 
 Voting Agreement 

(See attached). 

  
 -9-

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