Document:

Form of Employment Agreement

 Exhibit 4.3 

 
  

EMPLOYMENT AGREEMENT 

By and Between 

              

And 

NETEASE.COM, INC. 

Dated as of              

 
  

 THIS EMPLOYMENT AGREEMENT 

(this “Agreement”) 

is made and entered into as of 

              

by and between 

              

(the “Employee”) 

and 

NETEASE.COM, INC. 

(a Cayman Islands company) (the “Company”) 

BACKGROUND 
 WHEREAS, the Company
and the Employee have entered into that certain employment agreement (as amended or supplemented from time to time, the “Original Employment Agreement”) dated as of
            ; and 
 WHEREAS, the Company and the Employee desire to
terminate the Original Employment Agreement and thereafter continue the employment of the Employee in the capacity of             
(“            ”), subject to the terms and conditions of this Agreement. 

NOW, THEREFORE, intending to be legally bound, and in consideration of the premises and the mutual promises set forth in this Agreement and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Employee agree as follows: 

DEFINITIONS 
 “Administrator”
means the Compensation Committee (as defined below) or the Board (as defined below) who administer the Employee Equity Compensation Awards (as defined below) under applicable stock option agreements or stock incentive plans or schemes. 

“Affiliate” means with respect to any Person directly or indirectly Controlling, Controlled by, or under common Control with such Person.

 “Ancillary Agreements” is as defined in Article 5. 

“Board” means the Board of Directors of the Company. 

“Cash Compensation” is as defined in Section 2.1. 

“Cause” means (i) the Employee commits a crime involving dishonesty, breach of trust, or physical harm to any person; (ii) the
Employee willfully engages in conduct that is in bad faith and materially injurious to the Company, including but not limited to, misappropriation of trade secrets, fraud or embezzlement; (iii) the Employee commits a material breach of this
Agreement or the Ancillary Agreements; (iv) the Employee willfully refuses to implement or follow a reasonable and lawful policy or directive of the Company, which refusal or failure is not cured within twenty (20) days after written
notice to the Employee from the Company; (v) Employee demonstrates unfitness or unavailability for service or unsatisfactory performance, and fails to cure such unfitness, unavailability or unsatisfactory performance to Company’s
satisfaction within twenty (20) days after written notice from the Company; or (vi) Employee dies or becomes permanently disabled (which shall mean Employee is unable to carry out the responsibilities and functions of his position by
reason of any physical or mental impairment for more than 90 consecutive days, or for more than a total of 120 days in any twelve-month period). 
  

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 “Change in Control” means a change in ownership or control of the Company effected through either
of the following transactions: (i) the direct or indirect acquisition by any person or related group of persons (other than an acquisition from or by the Company or by a Company-sponsored employee benefit plan or by a person that directly or
indirectly controls, is controlled by, or is under common control with, the Company) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined
voting power of the Company’s outstanding securities pursuant to a tender or exchange offer made directly to the Company’s shareholders which a majority of the Continuing Directors who are not Affiliates or Associates of the offer or do
not recommend such shareholders accept, or (ii) a change in the composition of the Board over a period of thirty-six (36) months or less such that a majority of the Board members (rounded up to the next whole number) ceases, by reason of
one or more contested elections for Board membership, to be comprised of individuals who are Continuing Directors. The “Continuing Directors” means members of the Board who either (i) have been Board members continuously for a period
of at least thirty-six (36) months or (ii) have been Board members for less than thirty-six (36) months and were elected or nominated for election as Board members by at least a majority of the Board members described in clause
(i) who were still in office at the time such election or nomination was approved by the Board. “Associate” has the meaning ascribed to such term in Rule 12b-2 promulgated under the Exchange Act. 

“Company” is as defined in the Preamble. 

“Compensation Committee” means the compensation committee of the Board of the Company or such other group of directors performing similar
functions. 
 “Control” (including the terms “Controlled by” and “under common Control with”) means the
possession, directly or indirectly or as a trustee or executor, of the power to direct or cause the direction of the management of a Person, whether through the ownership of stock, as a trustee or executor, by contract or credit agreement or
otherwise. 
 “Corporate Transaction” means any of the following transactions to which the Company is a party: (i) a
reorganization or consolidation in which the Company is not the surviving entity, except for a transaction the principal purpose of which is to change the jurisdiction in which the Company is incorporated; (ii) the sale, transfer or other
disposition of all or substantially all of the assets of the Company (including the capital stock of the Company’s subsidiary corporations) in connection with the complete liquidation or dissolution of the Company; (iii) any reorganization
in which the Company is the surviving entity but in which securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or persons different from
those who held such securities immediately prior to such reorganization; or (iv) acquisition by any person or related group of persons (other than the Company or by a Company-sponsored employee benefit plan) of beneficial ownership (within the
meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities, but excluding any such transaction that the Administrator
determines shall not be a Corporate Transaction. 
 “Effective Date” is [January 1, 2010]. 

“Employee” is as defined in the Preamble. 

“Employee Resignation” and “Employee Resignation Date” are defined in Section 3.1.2. 

“Employee Equity Compensation Awards” shall be the right given by the Company to the Employee on specific vesting dates during the Employment
Term to purchase a specific number of Ordinary Shares or other securities of the Company at a specific exercise price or restricted share unit or other equity compensation award, as set forth in Section 2.6, with more detailed terms and
conditions provided in the relevant employee equity incentive plan or scheme or award agreements thereunder. 
 “Employment Capacity”
shall be              reporting to              of the Company. 

“Employment Contract Termination Date” means the date on which either the Company or the Employee elects not to extend this Agreement further
by giving written notice to the other party. 
 “Employment Final Termination Date” means the date upon which the Employee’s
employment with the Company ceases for any reason. 
  

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 “Employment Term” is as defined in Section 1.1. 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 

“Good Reason” in the context of the Employee’s resignation is defined as a resignation by Employee after 60 days following one or more of
the following events, provided, in each case, that such event is effected by the Company without Employee’s consent, and provided further that Employee gives the Company at least 30 days’ notice of such resignation and the Company fails to
cure the event triggering Employee’s resignation within that 30 day notice period: (a) a material reduction in the Employee’s Monthly Base Salary (other than a reduction similar in percentage to a reduction generally applicable to all
other senior executives of the Company); or (b) a relocation of the Employee’s principal place of employment by more than 50 miles. 

“Monthly Base Salary” is as defined in Section 2.1(i). 

“Ordinary Shares” means the ordinary shares of the Company. 

“Original Effective Date” is             . 

“Performance Targets” shall be as defined in Section 2.1(ii). 

“Person” means an individual, corporation, partnership, limited liability company, limited partnership, association, trust, unincorporated
organization or other entity or group (as defined in Section 13(d)(3) and Section 14(d)(2) of the Exchange Act). 
 “RMB” or
Renminbi means the legal currency of the People’s Republic of China. 
 “Severance Multiplier” means the number equal to
(i)              plus (ii) the total number of years between the Original Effective Date and the Employment Final Termination Date; if the Employment Final Termination Date
occurs six months or more after an anniversary of the Original Effective Date, such half-year period after the anniversary shall be included in the number of years referenced above (e.g., if the Employment Final Termination Date is two years and ten
months after             , then the Severance Multiplier would be             ). 

“Subsidiary” means, with respect to any Person, any entity which securities or other ownership interests having ordinary voting power to elect
a majority of the Board or other persons performing similar functions are at the time directly or indirectly owned by such Person and, with respect to the Company, shall also include any affiliated entities which are deemed “variable interest
entities” of the Company under applicable accounting standards. 
 “U.S. dollars” or “US$” means the legal currency of
the United States. 
 ARTICLE 1. EMPLOYMENT AND TERM 

The Company and the Employee hereby agree to terminate the Original Employment Agreement with effect from the Effective Date and
thereafter continue the employment of the Employee in the capacity of             , subject to the terms and conditions of this Agreement. Each party’s further rights and
obligations under the Original Employment Agreement shall cease upon such termination but termination shall not affect a party’s accrued rights and obligations at the Effective Date. For the avoidance of doubt, the termination of the Original
Employment Agreement and the entering into of this Agreement by the Company and the Employee do not constitute and shall not be deemed as a termination of the Employee’s employment with the Company. 

The Company hereby employs the Employee and the Employee hereby agrees to such employment by the Company during the Employment Term to
serve as the              for the benefit of the Company, with the customary duties, authorities and responsibilities of such position and such other duties, authorities and
responsibilities relative to the Company that may from time to time be delegated to the Employee by the [Board] [Chief Executive Officer of the Company]. The Employee shall perform such duties and responsibilities as are normally related to such
position in accordance with the standards of the industry and any additional duties now or hereafter assigned to the Employee by the [Chief Executive Officer] [or the Board], and such performance shall be conducted outside of the People’s
Republic of China if and to the extent deemed necessary or appropriate by the Employee and the [Chief Executive Officer] [Board]. The Employee shall abide by the Company’s rules, regulations and practices as they may from time-to-time be
adopted or modified. 
  

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	1.1	Employment Term. The Employment Term of this Agreement shall commence on the Effective Date and shall be valid for a term of one (1) year; provided that
such term shall be automatically renewed for additional terms of one year unless upon the earlier occurrence of the Employment Contract Termination Date or the Employment Final Termination Date, at which time the Employment Term shall cease.

  

	1.2	Full Working Time. During the Employment Term, the Employee shall devote all of his attention, experience and efforts during normal business hours to the proper
performance of his duties hereunder and to the business and affairs of the Company. Notwithstanding the foregoing, the Company and the Employee acknowledge and agree that the Employee shall provide a portion of his time to one or more subsidiaries
and/or variable interest entities of the Company and be compensated by such companies, as determined by the [Compensation Committee]. 

  

	1.3	Change in Control/Corporate Transaction. Notwithstanding the foregoing, if a Change in Control or Corporate Transaction occurs prior to the Employment Contract
Termination Date, then the terms outlined in Article 4 shall apply. 

 ARTICLE 2. COMPENSATION PACKAGE AMOUNT 

 

	2.1	[Cash Compensation. During the Employment Term, as compensation for services hereunder and subject to the performance of his obligations hereunder, the
Employee shall be paid the cash compensation (the “Cash Compensation”), which consists of the following: 

  

	 	i.	Base Salary: The Monthly Base Salary of RMB             shall be payable in RMB, pro rated for
the number of days actually worked by Employee in any month in which the Effective Date and the Employment Contract Termination Date or the Employment Final Termination Date occurs; 

 

	 	ii.	Annual Incentive Cash Bonus: An annual incentive cash bonus, payable on or before March 31 of the following calendar year, subject to the Company’s
and/or Employee’s achievement of the annual performance targets established by the Compensation Committee (the “Performance Targets”), such performance as verified and approved by the Compensation Committee. The Employee is not
entitled to any annual incentive cash bonus mentioned above unless he has been employed by the Company for the full calendar year, and such bonus shall not be deemed earned until the Compensation Committee verifies the Company’s achievement of
the Performance Targets and approves payment of such bonus to Employee. 

 The Cash Compensation shall be payable
in RMB. The Employee may elect, at his own foreign exchange risk and expense, to receive a percentage of such Cash Compensation in foreign currencies, under which circumstances the Company will pay such amount in the foreign currencies as designated
by the Employee at the exchange rate made available to the Company by any financial institution selected by the Company which provides foreign currency exchange services for the Company.] 

 

	2.2	[Benefits. During the Employment Term, as compensation for services hereunder, the Employee shall be entitled to the benefits as follows:

  

	 	i.	Housing Allowance: Housing allowance in the aggregate amount of up to RMB             per
month. 

  

	 	ii.	Insurance: Health and life insurance as provided generally to the Company’s employees. 

 

	 	iii.	Company Car: Use of car (Buick sedan class) and driver as provided by the Company. 

 

	 	iv.	Tax Advisory Services: Reimbursement for actual tax advisory service fees incurred, up to
RMB             per year. 

 All reimbursements
will be paid subject to Employee’s delivery of actual expense receipts/invoices documenting the relevant reimbursement requested.] 
  

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	2.3	[Individual Income Tax. The Employee shall be responsible for paying his own individual income tax in respect of the compensation received hereunder, and
Employee will certify in writing annually to the Board that he has accurately reported and timely paid all income tax due in connection with such compensation. The Company will make all required tax and statutory withholdings according to the PRC
taxation laws and the tax amount will be deducted from the Employee’s Monthly Base Salary, which deduction Employee hereby consents to.] 

  

	2.4	Annual Leave. The Employee shall be entitled to              weeks of annual leave with
pay during each calendar year of the Employment Term, which must be taken in accordance with the Company’s vacation policy then in effect. 

  

	2.5	Travel Expenses Reimbursement. The Company shall pay or reimburse the Employee for reasonable business expenses actually incurred or paid by the Employee during
the Employment Term, in the performance of his services hereunder. 

  

	2.6	Employee Equity Compensation Awards. The Employee is entitled to receive Employee Equity Compensation Awards, as determined by the Compensation Committee from
time to time, including the awards set forth in Exhibit A attached hereto which shall be deemed granted as of the date they are approved by the Compensation Committee. 

ARTICLE 3. TERMINATION 
  

	3.1	General. 

  

	 	3.1.1	Company’s Right to Terminate. The Company shall have the right to terminate the employment of the Employee at any time with or without Cause, but the
relative rights and obligations of the parties in the event of any such termination or resignation shall be determined under this Agreement. 

  

	 	3.1.2	Employee’s Resignation Right. The Employee shall have the right to resign for any reason with [six (6)] months’ prior notice to the Company unless such
resignation is for “Good Reason” (in which case, Employee may resign by providing the Company with 30 days’ notice), but the relative rights and obligations of the parties in the event of any such resignation shall be determined under
this Agreement (such event, an “Employee Resignation”, and the date of notice by the Employee to the Company, the “Employee Resignation Date”). 

 

	3.2	Termination Under Certain Circumstances. 

  

	 	3.2.1	Termination For Cause. In the event the Company terminates the Employee’s employment for Cause prior to the expiration of the Employment Term, subject to
the Employee’s compliance with Articles 5, 6 and 7, the Company will be obliged to pay only the Standard Termination Entitlements as defined in Section 0, and the Employee’s right to exercise the Employee Equity Compensation Awards
described under Section 2.6 shall be determined pursuant to the applicable award agreements and stock incentive plan governing such awards. 

  

	 	3.2.2	Resignation for Any Reason Other Than Good Reason. In the event the Employee resigns for any reason other than Good Reason prior to the expiration of the
Employment Term, the Company will be obliged to pay the Standard Termination Entitlements as defined in Section 0, subject to the Employee’s compliance with Articles 5, 6 and 7 hereof and the Exhibits referenced in Article 5 hereof.

  

	 	3.2.3	Termination Without Cause or Resignation for Good Reason. Except in the event of a Change in Control or a Corporate Transaction, in the event that the Company
terminates the Employee’s employment without Cause or the Employee resigns for Good Reason, subject to the Employee’s compliance with Articles 5, 6 and 7 hereof and the Exhibits referenced in Article 5 hereof: 

 

	 	i.	the Company will be obligated to pay the Standard Termination Entitlements as defined in Section 3.4.1 and the Severance Benefits as described in
Section 3.4.2; provided that, in each case, Employee’s eligibility for the Standard Termination Entitlements and the Severance Benefits is conditioned upon the following: 

 

	 	a)	Employee’s compliance with his post-employment obligations, including without limitation the proprietary information, confidentiality, non-competition,
non-solicitation and non-disparagement obligations set forth in Article 5 hereof and the Exhibits referenced in Article 5 hereof; and 

  

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	 	b)	Employee having first signed a release certificate in the form attached as Exhibit D. 

 

	 	3.2.4	Termination upon a Change in Control. In the event of a Change in Control or Corporate Transaction, the terms outlined in Article 4 shall apply.

  

	3.3	Liquidated Damages. The Company and Employee hereby stipulate that the damages which may be incurred by the Employee as a consequence of any such termination of
employment are not capable of accurate measurement as of the Effective Date and that the liquidated damages payments provided for in this Agreement constitute a reasonable estimate under the circumstances of, and are in full satisfaction of, all
damages sustained as a consequence of any such termination of employment. 

  

	3.4	Definitions. 

  

	 	3.4.1	Standard Termination Entitlements. For all purposes of this Agreement, the “Standard Termination Entitlements” shall mean and include:

  

	 	i.	the Employee’s earned but unpaid compensation (including, without limitation, salary, bonus and all other items which constitute wages under applicable law) as of
the date of his termination of employment. This payment shall be made at the time and in the manner prescribed by law applicable to the payment of compensation but in no event later than 30 days after the date of the Employee’s termination of
employment; 

  

	 	ii.	the benefits, if any, due to the Employee (and the Employee’s estate, surviving dependents or his designated beneficiaries) under the employee benefit plans and
programs and compensation plans and programs (including equity compensation plans) maintained for the benefit of the employees of the Company; and 

  

	 	iii.	all of the Employee’s Employee Equity Compensation Awards that have been deemed to have vested at or prior to the Employment Final Termination Date under the terms
of applicable award agreements and equity compensation plans. 

  

	 	3.4.2	Severance Benefits. For all purposes of this Agreement, the Employee’s “Severance Benefits” shall mean: the payment of an amount equal to the
Employee’s Monthly Base Salary in effect immediately prior to his termination of employment multiplied by the Severance Multiplier. Fifty percent (50%) of the total amount of Severance Benefits shall be payable within ten
(10) business days following the Employment Final Termination Date and the remaining fifty percent (50%) shall be payable on the one (1) year anniversary of the Employment Final Termination Date. 

ARTICLE 4. CHANGE IN CONTROL/CORPORATE TRANSACTION 
  

	4.1	Employment Term. If a Change in Control or Corporate Transaction occurs prior to the Employment Contract Termination Date, then the Employment Term shall remain
unchanged. 

  

	4.2	Severance Payment Amount. If a Change in Control or Corporate Transaction occurs prior to the Employment Contract Termination Date and the Company terminates the
Employee’s employment without Cause or the Employee resigns for Good Reason, then the Employee will be entitled to (a) a payment equal to the greater of
(x)              times the Employee’s Monthly Base Salary in effect immediately prior to his termination or resignation of employment or
(y)              months’ Employee’s Monthly Base Salary in effect immediately prior to his termination or resignation of employment less any compensation paid to the
Employee during the period between the Change in Control or Corporate Transaction and Employment Final Termination Date, and (b) subject to the Employee’s compliance with Articles 5, 6 and 7, the Standard Termination Entitlements as
defined in Section 3.4.1. 

  

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	4.3	Health and Life Insurance Benefits. If a Change in Control or Corporate Transaction occurs prior to the Employment Contract Termination Date, then the Employee
will be entitled to Company-paid contributions for health and life insurance premiums for the greater of six months or the number of months between the Employment Final Termination Date and the first anniversary of the Change in Control or Corporate
Transaction. 

 ARTICLE 5. PROPRIETARY INFORMATION AND NON-COMPETITION 

The Employee shall have, on the Original Effective Date, entered into a Key Employee Invention Assignment and Confidentiality Agreement in
the form as Exhibit B attached hereto and a Non-Compete Agreement (together with the Key Employee Invention Assignment and Confidentiality Agreement, the “Ancillary Agreements”) in the form as Exhibit C attached hereto. The
Employee agrees that the entering into of the Ancillary Agreements is necessary to protect the interests of the Company, its Subsidiaries or Affiliates and is reasonable and valid in geographical and temporal scope and in all other respects. If any
court determines that this Article 5 or any provision in the Ancillary Agreements is unenforceable because of the duration or geographical scope of such provision, such court will have the power to reduce the duration or scope of such provision, as
the case may be, and, in its reduced form, such provision will be enforceable. 
 ARTICLE 6. REMEDIES 

If the Employee commits a breach, or threatens to commit a breach, of any provisions of this Agreement or the Ancillary Agreements (the
“Breach”), the Company shall have the right (a) to terminate the employment under Section 3.2.1 and claim for damages associated with the Breach, each of which shall be independent of the others and shall be severally
enforceable, and all of which shall be in addition to, and not in lieu of, any other rights and remedies available under law or in equity to the Company; and (b) to have the provisions hereof or of the Ancillary Agreements enforced by any court
in the State of New York, USA, it being acknowledged and agreed that any breach or threatened breach of any of such provision by the Employee will cause irreparable injury to the Company and that money damages will not provide an adequate remedy to
the Company. 
 ARTICLE 7. DISPUTE RESOLUTION 

Any dispute, controversy or claim, at any time arising out of or relating to this Agreement, or the breach, termination or invalidity
thereof (other than any dispute, controversy or claim pursuant to the Key Employee Invention Assignment and Confidentiality Agreement or Non-Compete Agreement under Articles 5 hereof, which may, at the option of the Company, be submitted to any
court having jurisdiction), shall be settled by binding arbitration at the request of either party. Each arbitration hereunder shall be conducted in Hong Kong at the Hong Kong International Arbitration Centre (“HKIAC”) in accordance with
the UNCITRAL Arbitration Rules then in effect. Any such arbitration shall be administered by HKIAC in accordance with HKIAC Procedures for Arbitration in force at the date of this Agreement including such additions to the UNCITRAL Arbitration Rules
as are therein contained. Judgment upon an award rendered in an arbitration hereunder may be entered in any court having jurisdiction or application may be made to such court for judicial acceptance of any award and an order of enforcement, as the
case may be. The arbitrators shall have the authority to grant any equitable and legal remedies that would be available in any judicial proceeding intended to resolve a dispute. The parties irrevocably waive, to the fullest extent permitted by law,
any objection the party may have to the laying of venue for any such suit, action or proceeding brought before HKIAC. THE PARTIES ALSO EXPRESSLY WAIVE ANY RIGHT THEY HAVE OR MAY HAVE TO A JURY TRIAL OF ANY SUCH SUIT, ACTION OR PROCEEDING. If any one
or more provisions of this Article 7 shall for any reason be held invalid or unenforceable, it is the specific intent of the parties that such provisions shall be modified to the minimum extent necessary to make it or its application valid and
enforceable. 
  

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 ARTICLE 8. GENERAL PROVISIONS 

 

	8.1	Notices. All notices, requests, claims, demands and other communications hereunder shall be in writing and shall be given (and shall be deemed to have been duly
received if so given) by hand delivery, telegram, telex, or telecopy, or facsimile transmission, or by mail (registered or certified mail, postage prepaid, return receipt requested) or by any courier service, providing proof of delivery. All
communications hereunder shall be delivered to the respective parties at the following addresses or to such other address as the party to whom notice is given may have previously furnished to the other parties hereto in writing in the manner set
forth above: 

 If to the Employee: 

Address:              

If to the Company: 

Address: [SP Tower D, 26th Floor, Tsinghua Science Park Building 8 

No.1 Zhongguancun East Road, Haidian District 

Beijing 100084, People’s Republic of China] 
  

	8.2	Entire Agreement. This Agreement, taken together with the Ancillary Agreements, shall constitute the entire agreement between the Employee and the Company with
respect to the Employee’s employment with the Company and supersedes any and all prior agreements and understandings. For the avoidance of doubt, the Original Employment Agreement shall cease to have any force and effect from the Effective
Date. 

  

	8.3	Amendments and Waivers. Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a
particular instance and either retroactively or prospectively) only by an instrument in writing and signed by the party against whom such amendment or waiver is sought to be enforced. 

 

	8.4	Successors and Assigns. The personal services of the Employee are the subject of this Agreement and the Ancillary Agreements and no part of the Employee’s
or the Company’s rights or obligations hereunder or thereunder may be assigned, transferred, pledged or encumbered by the Employee or the Company. This Agreement and the Ancillary Agreements shall inure to the benefit of, and be binding upon
(a) the parties hereto, (b) the heirs, administrators, executors and personal representatives of the Employee and (c) the successors and assigns of the Company as provided herein. 

 

	8.5	Governing Law and Venue. This Agreement, including the validity hereof and the rights and obligations of the parties hereunder, and all amendments and
supplements hereof and all waivers and consents hereunder, shall be construed in accordance with and governed by the laws of the State of New York, USA, without giving effect to any conflicts of law provisions or rule, that would cause the
application of the laws of any other jurisdiction. 

  

	8.6	Severability. If any provisions of this Agreement, as applied to any part or to any circumstance, shall be adjudged by a court to be invalid or unenforceable,
the same shall in no way affect any other provision of this Agreement, the application of such provision in any other circumstances or the validity or enforceability of this Agreement. 

 

	8.7	Survival. The rights and obligations of the Company and Employee pursuant to Articles 3, 4, 5, 6 and 7 shall survive the termination of the Employee’s
employment with the Company and the expiration of the Employment Term. 

  

	8.8	Captions. The headings and captions used in this Agreement are used for convenience only and are not to be considered in construing or interpreting this
Agreement. 

  

	8.9	Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument. 

  

	8.10	No Breach of Other Agreements. Employee hereby represents and warrants that his execution, delivery and performance of this Agreement and the Ancillary
Agreements shall not violate or constitute a breach of the terms of any other agreement to which Employee is a party, whether written or oral. 

  

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	8.11	Effectiveness. Upon execution of this Agreement by the parties hereto, this Agreement shall take effect from the Effective Date. 

 

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

			
	EMPLOYEE
		
	By:	 	  

		 	______
	
	COMPANY
		
	By:	 	  

		 	Name:             
		 	Title:             

  

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 Exhibit A 

Employee Equity Compensation Awards 
  

 11 

 Exhibit B 

Key Employee Invention Assignment and Confidentiality Agreement 

In consideration of, and as a condition of my continued employment with NetEase.com, Inc., a Cayman Islands company (as contemplated
in the employment agreement between NetEase.com, Inc. and me (the “Agreement”)), or with any of its subsidiaries (collectively, the “Company”), I hereby represent to, and agree with, the Company as follows: 

 

	1.	Purpose of Agreement. I understand that the Company is engaged in a continuous program of research, development, production and marketing in connection with its
business and that it is critical for the Company to preserve and protect its Proprietary Information (as defined in Section 3 below), its rights in Inventions (as defined in Section 2 below) and in any other intellectual property rights.
Accordingly, I am entering into this Key Employee Invention Assignment and Confidentiality Agreement (this “Agreement”) as a condition of my continued employment with the Company, whether or not I am expected to create inventions of
value for the Company. 

  

	2.	Disclosure of Inventions. I will promptly disclose in confidence to the Company all inventions, improvements, designs, original works of authorship, derivative
works, formulas, processes, compositions of matter, techniques, know-how, computer software programs, databases, mask works and trade secrets (the “Inventions”) that I make or conceive or first reduce to practice or create, either
alone or jointly with others, during the period of my employment, whether or not in the course of my employment, and whether or not such Inventions are patentable, copyrightable or protectible as trade secrets or mask works.

  

	3.	Proprietary Information. I understand that my employment by the Company creates a relationship of confidence and trust with respect to any information of a
confidential or secret nature that may be disclosed to me by the Company that relates to the business of the Company or to the business of any parent, subsidiary, affiliate, customer or supplier of the Company or any other party with whom the
Company agrees to hold information of such party in confidence (the “Proprietary Information”). Such Proprietary Information includes but is not limited to any confidential and/or proprietary knowledge, data or information, any
past, present or future Inventions, marketing plans, product plans, business strategies, financial information (including budgets and unpublished financial statements), licenses, prices and costs, forecasts, personal information, suppliers,
customers and lists of either, information, trade secrets, patents, mask works, ideas, confidential knowledge, data or other proprietary information relating to new and existing products, processes, know-how, designs, formulas, developmental or
experimental work, improvements, discoveries, designs and techniques, computer programs, data bases, other original works of authorship, employee information including the skills and compensation of other employees of Company, or other subject
matter pertaining to any business of Company. I agree that Company may from time to time create a list of specific Proprietary Information and I will acknowledge any such lists in writing upon request. 

 

	4.	Confidentiality. At all times, both during my employment and after its termination, I will keep and hold all such Proprietary Information in strict confidence
and trust. I will not use or disclose any Proprietary Information without the prior written consent of the Company, except as may be necessary to perform my duties as an employee of the Company for the benefit of the Company. Upon termination of my
employment with the Company, I will promptly deliver to the Company all documents and materials of any nature pertaining to my work with the Company. I will not take with me any documents or materials or copies thereof containing any Proprietary
Information. 

  

	5.	Work for Hire; Assignment of Inventions. I acknowledge and agree that any copyrightable works prepared by me either alone or jointly with others, within the
scope of my employment are “works for hire” under the United States Copyright Act and that the Company will be considered the author and owner of such copyrightable works. In the event that any such copyrightable works are not deemed to be
“works made for hire,” I hereby irrevocably assign all of my right, title and interest in and to such copyrightable works to Company. I agree that all Inventions that (i) are developed using equipment, supplies, facilities or trade
secrets of the Company, (ii) result from work performed by me for the Company, or (iii) relate to the Company’s business or current or anticipated research and development (collectively, “Company Inventions”), will be
the sole and exclusive property of the Company and are hereby irrevocably assigned by me to the Company. 

	6.	Assignment of Other Rights. In addition to the foregoing assignment of Company Inventions to the Company, I hereby irrevocably transfer and assign to the
Company: (i) all worldwide patents, patent applications, copyrights, mask works, trade secrets and other intellectual property rights in any Company Invention; and (ii) any and all Moral Rights (as defined below) that I may have in or with
respect to any Company Invention. I also hereby forever waive and agree never to assert any and all Moral Rights I may have in or with respect to any Company Invention, even after termination of my work on behalf of the Company. “Moral
Rights” mean any rights to claim authorship of a Company Invention, to object to or prevent the modification of any Company Invention, or to withdraw from circulation or control the publication or distribution of any Company Invention, and
any similar right, existing under judicial or statutory law of any country in the world, or under any treaty, regardless of whether or not such right is denominated or generally referred to as a “moral right”.

  

	7.	Assistance. For no consideration in addition to my salary or wages during my employment, I agree to assist the Company in every proper way to obtain for the
Company and enforce patents, copyrights, mask work rights, trade secret rights and other legal protections for the Company’s Inventions in any and all countries. I will execute any documents that the Company may reasonably request for use in
obtaining or enforcing such patents, copyrights, mask work rights, trade secrets and other legal protections. My obligations under this paragraph will continue beyond the termination of my employment with the Company, provided that the Company will
compensate me at a reasonable rate after such termination for time or expenses actually spent by me at the Company’s request on such assistance. I appoint the Chief Financial Officer of the Company as my attorney-in-fact to execute documents on
my behalf for this purpose. I hereby waive and quitclaim to Company any and all claims, of any nature whatsoever, which I now or may hereafter have for infringement of any proprietary rights assigned hereunder to Company. 

 

	8.	No Breach of Prior Agreement. I represent that my performance of all the terms of this Agreement and my duties as an employee of the Company will not breach any
invention assignment, proprietary information, confidentiality or similar agreement with any former employer or other party. I represent that I did not bring with me to the Company or use in the performance of my duties for the Company any documents
or materials or intangibles of a former employer or third party that are not generally available to the public or have not been legally transferred to the Company. 

 

	9.	Efforts; Duty Not to Compete. I understand that my employment with the Company requires my undivided attention and effort during normal business hours. While I
am employed by the Company, I will not, without the Company’s express prior written consent, provide services to, or assist in any manner, any business or third party which competes with the current or planned business of the Company.

  

	10.	Notification. I hereby authorize the Company to notify my actual or future employers of the terms of this Agreement and my responsibilities hereunder.

  

	11.	Non-Solicitation of Employees/Consultants. During my employment with the Company and for a period of two (2) years thereafter, I will not directly or
indirectly solicit away employees or consultants of the Company for my own benefit or for the benefit of any other person or entity. “Solicit” shall not include the placement of an advertisement in a publication of general circulation.

  

	12.	Non-Solicitation of Suppliers/Customers. During my employment with the Company and after termination of my employment, I will not directly or indirectly solicit
or take away suppliers or customers of the Company if the identity of the supplier or customer or information about the supplier or customer relationship is a trade secret or is otherwise deemed confidential information within the meaning of Chinese
law. 

	13.	Non-Disparagement. During my employment with the Company and after termination of my employment, I will not directly or indirectly disparage, defame, otherwise
speak negatively about the Company or its predecessors, successors, or past or present subsidiaries or affiliated entities, officers, directors, agents, employees and assigns, in any manner, or take or cause to be taken any other action that is,
likely to be harmful to them or their business, business reputation or personal reputation in any way, provided that I shall respond accurately and fully to any question, inquiry or request for information when instructed by the Company or otherwise
required by legal process. 

  

	14.	Injunctive Relief. I understand that in the event of a breach or threatened breach of this Agreement by me the Company may suffer irreparable harm and will
therefore be entitled to injunctive relief to enforce this Agreement, without prejudice to any other rights or remedies that Company may have for a breach of this Agreement. 

 

	15.	Governing Law; Severability. This Agreement will be governed by and construed in accordance with the laws of New York, without giving effect to that body of laws
pertaining to conflict of laws. If any provision of this Agreement is determined by any court or arbitrator of competent jurisdiction to be invalid, illegal or unenforceable in any respect, such provision will be enforced to the maximum extent
possible given the intent of the parties hereto. If such clause or provision cannot be so enforced, such provision shall be stricken from this Agreement and the remainder of this Agreement shall be enforced as if such invalid, illegal or
unenforceable clause or provision had (to the extent not enforceable) never been contained in this Agreement. Notwithstanding the forgoing, if the value of this Agreement based upon the substantial benefit of the bargain for any party is materially
impaired, which determination as made by the presiding court or arbitrator of competent jurisdiction shall be binding, then this Agreement will not be enforceable against such affected party and both parties agree to renegotiate such provision(s) in
good faith. 

  

	16.	Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered will be deemed an original, and all of
which together shall constitute one and the same agreement. 

  

	17.	Titles and Headings. The titles, captions and headings of this Agreement are included for ease of reference only and will be disregarded in interpreting or
construing this Agreement. Unless otherwise specifically stated, all references herein to “sections” and “exhibits” will mean “sections” and “exhibits” to this Agreement. 

 

	18.	Entire Agreement. This Agreement and the documents referred to herein constitute the entire agreement and understanding of the parties with respect to the
subject matter of this Agreement, and supersede all prior understandings and agreements, whether oral or written, between or among the parties hereto with respect to the specific subject matter hereof. 

 

	19.	Amendment and Waivers. This Agreement may be amended only by a written agreement executed by each of the parties hereto. No amendment of or waiver of, or
modification of any obligation under this Agreement will be enforceable unless set forth in a writing signed by the party against which enforcement is sought. Any amendment effected in accordance with this section will be binding upon all parties
hereto and each of their respective successors and assigns. No delay or failure to require performance of any provision of this Agreement shall constitute a waiver of that provision as to that or any other instance. No waiver granted under this
Agreement as to any one provision herein shall constitute a subsequent waiver of such provision or of any other provision herein, nor shall it constitute the waiver of any performance other than the actual performance specifically waived.

  

	20.	Successors and Assigns; Assignment. Except as otherwise provided in this Agreement, this Agreement, and the rights and obligations of the parties hereunder, will
be binding upon and inure to the benefit of their respective successors, assigns, heirs, executors, administrators and legal representatives. The Company may assign any of its rights and obligations under this Agreement. No other party to this
Agreement may assign, whether voluntarily or by operation of law, any of its rights and obligations under this Agreement, except with the prior written consent of the Company. 

 

	21.	Further Assurances. The parties agree to execute such further documents and instruments and to take such further actions as may be reasonably necessary to carry
out the purposes and intent of this Agreement. 

	22.	Not Employment Contract. I understand that this Agreement does not constitute a contract of employment or obligate the Company to employ me for any stated period
of time. 

 This Agreement shall be effective as of Original Effective Date. 

 

			
	EMPLOYEE
		
	By:	 	  

		 	              

	
	COMPANY
		
	By:	 	  

		 	Name:             
		 	Title:             

 Exhibit C 

Non-Compete Agreement 

Dear             , 

As an employee of NetEase.com, Inc., a Cayman Islands company (as contemplated in the employment agreement between NetEase.com, Inc. and
me (the “Agreement”)), or with any of its subsidiaries (collectively, the “Company”), you must execute and deliver a covenant not to compete with the Company during your employment and for 12 months thereafter. The terms
and conditions set forth below, as applicable, shall, upon your acceptance thereof, become an agreement between you and the Company. 

Covenant Not to Compete 

It is hereby agreed that, from the date hereof and so long as you are an employee, consultant or serve in a similar capacity with the
Company or any of its subsidiaries, you shall devote substantially all of your professional time to the Company and its subsidiaries and shall not participate in any manner in the management or operation of any business other than that of the
Company and its subsidiaries or serving on the board of directors of the Company or any of its subsidiaries. 
 If your are no
longer employed by or acting as a consultant for the Company or its subsidiaries, you shall not be employed by or participate in any manner in the management or operation of any business or entity that is or may be directly competitive with and
offering similar products or services as the Company or its subsidiaries until 12 months after the date of termination of employment with the Company or any subsidiary. 

Covenant Not to Solicit Employees 

While employed by Company and for a period of two (2) years after the termination of your employment with Company, you shall not,
directly or indirectly, solicit for employment any person who was employed by Company during your employment with Company. In the event that you hire or employ any such person during such two (2) year period (without soliciting such person in
violation of this foregoing restriction), you shall reimburse the Company for any and all costs and expenses incurred by the Company to replace such person (including, without limitation, costs and expenses incurred for recruiting, hiring and
training). 
 Covenant Not to Divert Business 

For a period of two (2) years after the termination of your employment with Company, you shall not, directly or indirectly:

 (i) work as an employee, employer, consultant, agent, principal, partner, manager, stockholder, officer, director, or in any
other individual or representative capacity for any person or entity who or which was a customer of Company during your employment with Company, without the Company’s written consent; or 

(ii) call on, solicit, or take away for you or for any other person or entity any person or entity who or which was a customer of
Company, or with which Company was in negotiations to become a customer of Company, during your employment with Company. 
 Company Rights if
You Violate this Agreement 
 In the event that you do not comply with the terms of this Agreement, any profit sharing or
stock options to which you would otherwise be entitled will be forfeited. 
 In the event you do not comply with the terms of
this Agreement, the Employment Agreement or the Key Employee Invention Assignment and Confidentiality Agreement, we also reserve the right to discharge you as an employee. Furthermore, we reserve the right to recover monetary damages from you, and
we may also recover punitive damages to the extent permitted by law. In the event that monetary damages are an inadequate remedy for any harm suffered by us as a result of a breach of this Agreement by you, we may also seek other relief, including
an order of specific performance or injunctive relief. You will not seek, and you agree to waive any requirement for, the securing or posting of a bond in connection with our seeking or obtaining such relief. 

 You further agree to indemnify and hold us harmless from any damages, losses, costs or
liabilities (including legal fees and the costs of enforcing this indemnity agreement) arising out of or resulting from your failure to abide by the terms of this Agreement. 

At-Will Employment 
 You
agree and understand that, except as may be provided in any employment agreement between you and the Company, your employment with the Company is “at-will,” meaning that it is not for any specified period of time and can be terminated by
you or by the Company at any time, with or without advance notice, and for any or no particular reason or cause. You agree and understand that it also means that job duties, title and responsibility and reporting level, compensation and benefits, as
well as the Company’s personnel policies and procedures, may be changed at any time at-will by the Company. You understand and agree that nothing about the fact or the content of this Agreement is intended to, nor should be construed to, alter
the at-will nature of your employment with the Company. You also understand and agree that the at-will nature of employment with the Company can only be changed by the Board of Directors of the Company in an express writing signed and dated by an
authorized Board member and by you. 
 Acknowledgment 

You agree that, in light of the substantial benefits you will receive as our employee, the terms contained in this Agreement are necessary
and reasonable in all respects and that the restrictions imposed on you are reasonable and necessary to protect our legitimate business interests. You acknowledge that a portion of the salary you receive during your employment with the Company
constitutes due consideration for your obligations hereunder. Additionally, you hereby acknowledge and agree that the restrictions imposed on you by this Agreement will not prevent you from obtaining employment in your field of expertise or cause
you undue hardship. 
 Governing Law 

This Agreement shall be governed by and construed in accordance with the laws of the New York, without regard to any conflicts of laws
provision thereof. 
 By accepting this Agreement, you acknowledge that, given the nature of the Company’s business, the
provisions contained in this Agreement contain reasonable limitations as to time, geographical area and scope of activity to be restrained, and do not impose a greater restraint than is necessary to protect and preserve the Company and to protect
the Company’s legitimate interests. If, however, the provisions of this Agreement are determined by any court of competent jurisdiction or any arbitrator to be unenforceable by reason of its extending for too long a period of time or over too
large a geographic area or by reason of its being too extensive in any other respect, or for any other reason, it will be interpreted to extend only over the longest period of time for which it may be enforceable and over the largest geographical
area as to which it may be enforceable and to the maximum extent in all other aspects as to which it may be enforceable, all as determined by such court or arbitrator in such action. 

Please confirm your agreement with the foregoing by signing and returning directly to the undersigned the duplicate copy of this letter
enclosed herewith. 
  

			
	Very truly yours,
	
	NetEase.com, Inc.
		
	By:	 	  

	Name:	 	              

	Title:	 	              

	
	 Accepted and Agreed to as
 of
the date first above written:

	
	  

	             

 Exhibit D 

Form of Release Certificate 

                         
         (“You”) and NetEase.com, Inc. (the “Company”) have agreed to enter into this Release Certificate on the following terms: 

Within ten (10) business days after you sign this Release Certificate (which you may sign no sooner than the last day of your
employment with the Company), you will become eligible to receive severance benefits in accordance with the terms of your Employment Agreement dated              (the
“Agreement”). 
 In return for the consideration described in the Agreement, you and your representatives completely
release NetEase.com, Inc., its affiliated, related, parent or subsidiary corporations, and its and their present and former directors, officers, and employees (the “Released Parties”) from all claims of any kind, known and unknown, which
you may now have or have ever had against any of them, or arising out of your relationship with any of them, including all claims arising from your employment or the termination of your employment, whether based on contract, tort, statute, local
ordinance, regulation or any comparable law in any jurisdiction (“Released Claims”). By way of example and not in limitation, the Released Claims shall include any claims arising under Title VII of the Civil Rights Act of 1964, the
Americans with Disabilities Act, the Worker Adjustment and Retraining Notification Act, the Age Discrimination in Employment Act, and the New York Human Rights Law, or any comparable law of any other jurisdiction or nation, as well as any claims
asserting wrongful termination, breach of contract, breach of the covenant of good faith and fair dealing, negligent or intentional misrepresentation, and defamation and any claims for attorneys’ fees. You also agree not to initiate or cause to
be initiated against any of the Released Parties any lawsuit, compliance review, administrative claim, investigation or proceedings of any kind which pertain in any manner to the Released Claims. 

You acknowledge that the release of claims under the Age Discrimination in Employment Act (“ADEA”) is subject to special waiver
protection. Therefore, you acknowledge the following: (a) you have had 21 days to consider this Release Certificate (but may sign it at any time beforehand if you so desire); (b) you can consult an attorney in doing so; (c) you can
revoke this Release Certificate within seven (7) days of signing it by sending a certified letter to that effect to [name and address]; and that (d) notwithstanding the foregoing, the portion of this Release Certificate that pertains to
the release of claims under the ADEA shall not become effective or enforceable and no funds shall be exchanged until the 7-day revocation period has expired, but that all other provisions of this Release Certificate will become effective upon its
execution by the parties. 
 You agree to immediately return to the Company all Company documents (and all copies thereof) and
other Company property which you have had in your possession or control at any time, including, but not limited to, the items set forth in Exhibit 1 to this Release Certificate, and all Company mobile phones in your possession, your laptop
computer and the Blackberry or similar personal digital assistant provided by the Company, the Company’s files, notes, drawings, records, business plans and forecasts, financial information, specifications, computer-recorded information,
tangible property, credit cards, entry cards, identification badges and keys, and any materials of any kind which contain or embody any proprietary or confidential information of the Company (and all reproductions thereof). 

You understand and agree that you shall remain bound by the terms of that certain Key Employee Invention Assignment and Confidentiality
Agreement between you and NetEase.com, Inc. dated                     , attached as Exhibit 2 to this Release Certificate (the
“Confidentiality Agreement”), and the Non-Compete Agreement between you and NetEase.com, Inc., attached hereto as Exhibit 3 to this Release Certificate (the “Non-Compete Agreement”), both of which shall each be considered
a part of this Release Certificate. 
 [You further agree to be bound by a customary lock-up agreement in a form and substance
determined by the Company, in its sole discretion, whereby you agree, for a period of [1 year] following your last day of employment with the Company (the “Lock-up Period”), not to sell or otherwise transfer or dispose of any of the
Company’s (a) American Depositary Shares (“ADSs”), (b) ordinary shares or securities convertible into or exercisable or exchangeable for ordinary shares, (c) securities of the same class as the ADSs or ordinary shares
or (d) other instruments representing interests in securities of the same class as ADSs or ordinary shares (collectively, the “Securities”); provided, however, during any 30-day period during the Lock-up Period, you may
sell up to one-twelfth of the total number of Securities of the Company held by you as of your last day of employment with the Company. All sales or other transactions consummated pursuant to this paragraph shall be subject to Rule 144 of the
Securities Act of 1933, as amended (including without limitation the volume restrictions thereunder). In furtherance of the foregoing, the Company, its transfer agent and registrar and the depositary for the ADSs are hereby authorized to decline to
make any transfer of ADSs or ordinary shares or issue any stop orders if such transfer would constitute a violation or breach of the Agreement or any of the Exhibits referenced thereto.] 

 You acknowledge and agree that the Company shall have no obligation to assist or facilitate
in any way the deposit of any ordinary shares owned by you (including shares received upon the exercise of stock options) into the Company’s American Depositary Receipt program unless and until you deliver a certificate to the Company in a form
satisfactory to the Company, to the effect that you are not then in possession of any material nonpublic information regarding the Company and the Company and its Board of Directors conclude it is reasonable to rely on such certificate. 

You agree to hold in strictest confidence the circumstances of your separation from the Company and the provisions of this Release
Certificate, and not to publicize or disclose such information in any manner whatsoever; provided, however, that you may disclose this Agreement to your immediate family, your attorney and tax advisors, or as otherwise required by law. You also
agree not to, either by yourself or indirectly through others, disparage, defame, otherwise speak negatively about the Company or any of the Released Parties in any manner, or take or cause to be taken any other action that is, likely to be harmful
to them or their business, business reputation or personal reputation in any way, provided that you shall respond accurately and fully to any question, inquiry or request for information when instructed by the Company or otherwise required by legal
process. 
 The parties agree that this Release Certificate and the Agreement contain all of our agreements and understandings
with respect to their subject matter, and may not be contradicted by evidence of any prior or contemporaneous agreement, except to the extent that the provisions of any such agreement have been expressly referred to in this Release Certificate or
the Agreement as having continued effect. It is agreed that this Release Certificate shall be governed by the laws of the State of New York. If any provision of this Release Certificate or its application to any person, place, or circumstance is
held by a court of competent jurisdiction to be invalid, unenforceable, or void, the remainder of this Release Certificate and such provision as applied to other person, places, and circumstances will remain in full force and effect. 

Please note that this Release Certificate may not be signed before the last day of your employment with the Company, and that your
eligibility for severance benefits is conditioned upon meeting the terms set forth in the Agreement. By you signature below, you acknowledge that (a) you have read this Release Certificate or have been afforded every opportunity to do so;
(b) you are fully aware of this Release Certificate’s contents and legal effect; (c) you have had an opportunity to consult with an attorney of your choosing prior to signing this Release Certificate; and (d) you have chosen to
sign this Release Certificate freely, without coercion, and based upon your own judgment and not in reliance upon any promises made by the Company other than those contained in this Release Certificate. 

 

									
	  
	 		 	Date:	 	  
	 	
	[Employee]	 		 		 		 	
					
	  
	 		 	Date:	 	  
	 	
	[Company Signatory]	 		 		 		 	

 Exhibit 1 

[Property to be returned] 

 Exhibit 2 

[Confidentiality Agreement] 

 Exhibit 3 

[Non-compete agreement]Amendment No. 3 to Second Amended and Restated Credit and Security Agreement

 Exhibit 10.1 

THE USE OF THE FOLLOWING NOTATION IN THIS EXHIBIT INDICATES THAT A CONFIDENTIAL PORTION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT
AND THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION: [***]. 
 AMENDMENT NO. 3 TO
SECOND AMENDED AND RESTATED CREDIT AND 
 SECURITY AGREEMENT 

THIS AMENDMENT NO. 3 TO SECOND AMENDED AND RESTATED CREDIT AND SECURITY AGREEMENT, dated as of January 13, 2010 (this
“Amendment”), is by and among: 
 (a) RED BIRD RECEIVABLES, LLC, a Delaware limited
liability company formerly known as Red Bird Receivables, Inc., a Delaware corporation (“Borrower”), 

(b) INTERNATIONAL PAPER COMPANY, a New York corporation (“International Paper” and, together with
Borrower, the “Loan Parties” and each, a “Loan Party”), as Servicer, 

(c) GOTHAM FUNDING CORPORATION, a Delaware corporation (together with its successors, “Gotham”),
and THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, in its capacity as a Liquidity Bank to Gotham (together with its successors, “BTMU” and, together with Gotham, the “Gotham Group”),

 (d) PARK AVENUE RECEIVABLES COMPANY LLC, a Delaware limited liability company (together with its successors,
“PARCO”), and JPMORGAN CHASE BANK, N.A., in its capacity as a Liquidity Bank to PARCO (together with its successors, “JPMorgan” and, together with PARCO, the “PARCO Group”),

 (e) STARBIRD FUNDING CORPORATION, a Delaware corporation (together with its successors,
“Starbird”), and BNP PARIBAS, ACTING THROUGH ITS NEW YORK BRANCH, in its capacity as a Liquidity Bank to Starbird (together with its successors, “BNP Paribas” and, together with Starbird, the
“Starbird Group”), 
 (f) CAFCO, LLC, a Delaware limited liability company (together with
its successors, “CAFCO”), and CITIBANK, N.A., in its capacity as a Liquidity Bank to CAFCO (together with its successors, “Citibank” and, together with CAFCO, the “CAFCO
Group”), 

 (g) ATLANTIC ASSET SECURITIZATION LLC, a Delaware limited liability company
(together with its successors, “Atlantic” and, together with Gotham, PARCO, Starbird and CAFCO, the “Conduits”), and CALYON NEW YORK BRANCH, in its capacity as a Liquidity Bank to Atlantic (together
with its successors, “Calyon” and, together with Atlantic, the “Atlantic Group”), 

(h) THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, in its capacity as agent for the Gotham Group (together with
its successors in such capacity, the “Gotham Agent” or a “Co-Agent”), JPMORGAN CHASE BANK, N.A., in its capacity as agent for the PARCO Group (together with its successors in such capacity, the
“PARCO Agent” or a “Co-Agent”), BNP PARIBAS, ACTING THROUGH ITS NEW YORK BRANCH, in its capacity as agent for the Starbird Group (together with its successors in such capacity, the “Starbird
Agent” or a “Co-Agent”), CALYON NEW YORK BRANCH, in its capacity as agent for the PARCO Group (together with its successors in such capacity, the “Atlantic Agent” or a
“Co-Agent”), CITIBANK, N.A. in its capacity as agent for the CAFCO Group (together with its successors in such capacity, the “CAFCO Agent” or, after effectiveness of this Amendment, a
“Co-Agent”), and CITICORP NORTH AMERICA, INC. in its capacity as agent for the CAFCO Group (“CNAI” and, together with its successors in such capacity, the “Withdrawing CAFCO Agent”
or, prior to effectiveness of this Amendment, a “Co-Agent”), and 
 (i) CITICORP
NORTH AMERICA, INC., as administrative agent for the Gotham Group, the PARCO Group, the Starbird Group, the CAFCO Group, the Atlantic Group and the Co-Agents (in such capacity, together with any successors thereto in such capacity, the
“Administrative Agent” and together with each of the Co-Agents, the “Agents”). 
 Capitalized
terms used and not otherwise defined herein shall have the meanings attributed thereto in the Credit Agreement (as defined below). 

PRELIMINARY STATEMENTS 

WHEREAS, the parties hereto (other than Calyon and Atlantic) are parties to that certain Second Amended and
Restated Credit and Security Agreement, dated as of March 13, 2008, as amended (as hereby and hereafter amended, restated or otherwise modified from time to time, the “Credit Agreement”); 

WHEREAS, Atlantic wishes to become a Conduit, and Calyon wishes to become a Liquidity Bank and a Co-Agent,
under the Credit Agreement on the terms and subject to the conditions hereinafter set forth; 

WHEREAS, CNAI wishes to withdraw as the CAFCO Agent and Citibank wishes to replace CNAI as the CAFCO Agent,
under the Credit Agreement on the terms and subject to the conditions hereinafter set forth; 
  

 2 

 WHEREAS, in addition, the Loan Parties desire to amend the
Credit Agreement as hereinafter set forth; and 
 WHEREAS, the Agents are willing to agree to such
amendments on the terms and subject to the conditions set forth in this Amendment; 
 NOW, THEREFORE, in
consideration of the foregoing premises and the mutual agreements herein contained and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

1. Amendments. Effective on the date hereof, upon satisfaction of each of the conditions precedent set forth in Section 3
below: 
 1.1. The last paragraph of the Preliminary Statements in the Credit Agreement is hereby amended and restated in its
entirety to read as follows: 
 Citicorp North America, Inc. has been requested and is willing to act as
Administrative Agent on behalf of the Co-Agents and the Groups in accordance with the terms hereof. 
 1.2. Section 1.1(a)
of the Credit Agreement is hereby amended to (a) move the word “and” at the end of clause (iii) thereof to the end of clause (iv) thereof, (b) to delete the proviso that appears immediately after clause
(iv) thereof, and (c) to insert the following new clause (v) therein: 
 (v) in the event that
Atlantic elects not to make any such Loan to Borrower, the Atlantic Agent shall promptly notify Borrower and, unless Borrower cancels its Borrowing Request, each of the Atlantic Liquidity Banks severally agrees to make its Ratable Share of such Loan
to Borrower, on the terms and subject to the conditions hereof, provided that at no time may the aggregate principal amount of Atlantic’s and the Atlantic Liquidity Banks’ Loans at any one time outstanding exceed the lesser
of (i) the Atlantic Group’s Group Limit, and (ii) Atlantic’s Percentage of the Borrowing Base (such lesser amount, the “Atlantic Allocation Limit”). 

1.3. Section 1.2(a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

(a) Each Advance hereunder shall consist of Loans made by each Conduit and/or its respective Liquidity Banks and which
(except for any Advance which does not increase the aggregate principal amount of the Loans outstanding) shall be made in such proportions by each Group such that, after giving effect thereto, the aggregate outstanding principal balance of the Loans
outstanding from each Group shall be in proportion 
  

 3 

 
to such Group’s Percentage of the aggregate outstanding principal balance of all Advances then outstanding hereunder. Any Advance which does not increase the aggregate principal amount
outstanding may be funded solely by one or more of the members of a single Group. 
 1.4. Section 1.5(f) of the Credit
Agreement is hereby deleted in its entirety and replaced with the following: 
 (f) If, on any Business Day, the
aggregate outstanding principal amount of the Loans from the Atlantic Group exceeds the Atlantic Allocation Limit, or the aggregate principal amount of the Loans outstanding from Atlantic exceeds the Atlantic Liquidity Banks’ aggregate
Liquidity Commitments pursuant to the Atlantic Liquidity Agreement divided by 102%, Borrower shall prepay such Loans by wire transfer to the Atlantic Agent received not later than 1:00 p.m. (New York City time) on the first Business Day thereafter
of an amount sufficient to eliminate such excess, together with accrued and unpaid interest on the amount prepaid. 

(g) Upon receipt of any wire transfer pursuant to Section 1.5(a), (b), (c), (d), (e) or (f), the applicable
Co-Agent shall wire transfer to each of its Constituent Lenders their respective shares thereof not later than 1:30 p.m. (New York City time) on the date when received. Any prepayment required pursuant to Section 1.5(b), (c), (d), (e) or
(f) shall be applied first, to the ratable reduction of the applicable Group’s Alternate Base Rate Loans outstanding, second, to the ratable reduction of the applicable Group’s LIBOR Loans outstanding, and lastly, to the reduction of
the applicable Group’s CP Rate Loans selected by Borrower (or the Servicer, on Borrower’s behalf). 
 1.5.
Section 1.7 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

Section 1.7. Distribution of Certain Notices; Notification of Interest Rates. Promptly after receipt thereof,
each Co-Agent will notify its Constituents of the contents of each Monthly Report, Borrowing Request, Commitment Reduction Notice, Prepayment Notice, or notice of default received by it from Borrower or the Servicer hereunder. In addition, each of
the Co-Agents shall promptly notify its Constituent Lenders and Borrower of each determination of and change in Interest Rates and of any decision by the Liquidity Banks in its Group not to extend their Liquidity Termination Date. 

 

 4 

 1.6. Sections 2.2(c) and (e) of the Credit Agreement are hereby amended and restated in
their entirety to read, respectively, as follows: 
 (c) Borrower (or the Servicer, on Borrower’s behalf)
may not request an Interest Period for a LIBOR Loan unless it shall have given each of the applicable Co-Agent(s) written notice of its desire therefor not later than 1:00 p.m. (New York City time) at least three (3) Business Days prior to the
first day of the desired Interest Period, and, solely in the case of the Atlantic Group, received the Atlantic Agent’s consent to the making of a LIBOR Loan. Accordingly, all Liquidity Fundings shall initially be Alternate Base Rate Loans. . .
.. 
 (e) Unless each of the Co-Agents shall have received written notice by 1:00 p.m. (New York City time) on the
third (3rd) Business Day prior to the last day of an Interest Period with respect to a LIBOR Loan that Borrower intends to reduce the aggregate principal amount of LIBOR Loans outstanding from the Liquidity Banks, each of the PARCO Liquidity
Banks, the Atlantic Liquidity Banks and the CAFCO Liquidity Banks shall be entitled to assume that Borrower desires to refinance its maturing LIBOR Loans on the last day of such Interest Period with Alternate Base Rate Loans, and each of the Gotham
Liquidity Banks and the Starbird Liquidity Banks shall be entitled to assume that Borrower desires to refinance its maturing LIBOR Loans on the last day of such Interest Period with LIBOR Loans for the same Interest Period then ending to the extent
of the applicable Liquidity Banks’ ability to provide the funding without the customary three (3) Business Days notice or, otherwise, with Alternate Base Rate Loans. 

1.7. The following clauses of Section 7.1(i) of the Credit Agreement are hereby amended and restated in their entirety to read,
respectively, as follows: 
 (vi) at all times have a board of managers consisting of three members, at least
one member of which is an Independent Manager; . . . 
 (xiii) maintain its certificate of formation and
operating agreement in conformity with this Agreement, such that (A) it does not amend, restate, supplement or otherwise modify its certificate of formation and operating agreement in any respect that would impair its ability to comply with the
terms or provisions of any of the Transaction Documents, including, without limitation, this Section 7.1(i); and (B) at all times that this Agreement is in effect, provides for not less than ten (10) Business Days’ prior
written notice to the Co-Agents of the proposed replacement or appointment of any manager that is to serve as an Independent Manager 

 

 5 

 
for purposes of this Agreement and the condition precedent to giving effect to such replacement or appointment that each of the Co-Agents shall have determined in its reasonable judgment that the
designated Person satisfies the criteria set forth in the definition herein of “Independent Manager” (it being understood that each of the Co-Agents shall use commercially reasonable efforts to respond in writing to any such notice not
more than ten (10) Business Days after its actual receipt thereof and, in the case of any negative response, to specify the reason(s) therefor; provided, however, that in the event that any Co-Agent fails to respond in ten
(10) Business Days after its actual receipt of such notice, such Co-Agent shall be given a second notice of the proposed new Independent Manager and an additional five (5) Business Days to respond, and if such Co-Agent fails to respond in
such additional five (5) Business Days after its actual receipt of such second notice, such Co-Agent shall be deemed to have confirmed that the designated Person satisfies the criteria set forth in the definition herein of “Independent
Manager”); 
 1.8. Section 9.1(c) of the Credit Agreement is hereby amended and restated in its entirety to read as
follows: 
 (c) (i) Borrower shall appoint any Person to serve as an additional or replacement Independent
Manager without first having given the written notice required under Section 7.1(i)(xiii) to the Co-Agents and obtained the Co-Agents’ written confirmation of such Person’s independence as required in such Section; or (ii) any
Loan Party shall fail to perform or observe any covenant contained in Section 7.2 or 8.5 when due. 
 1.9.
Section 10.2 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

Section 10.2. Increased Cost and Reduced Return. 

(a) If after the date hereof, any Funding Source shall be charged any fee, expense or increased cost on account of the
adoption of any applicable law, rule or regulation (including any applicable law, rule or regulation regarding capital adequacy) or any change therein, or any change in the interpretation or administration thereof by any governmental authority,
central bank or comparable agency charged with the interpretation or administration thereof, or compliance with any request or directive (whether or not having the force of law) of any such authority, central bank or comparable agency (a
“Regulatory Change”): (i) that subjects any Funding Source to any charge or withholding on or with respect to any Funding Agreement or a Funding Source’s obligations

  

 6 

 
under a Funding Agreement, or on or with respect to the Receivables, or changes the basis of taxation of payments to any Funding Source of any amounts payable under any Funding Agreement (except
for changes in the rate of tax on the overall net income of a Funding Source or Excluded Taxes) or (ii) that imposes, modifies or deems applicable any reserve, assessment, insurance charge, special deposit, increase in capital or similar
requirement against assets of, deposits with or for the account of a Funding Source, or credit extended by a Funding Source pursuant to a Funding Agreement or (iii) that imposes any other condition the result of which is to increase the cost to
a Funding Source of performing its obligations under a Funding Agreement, or to reduce the rate of return on a Funding Source’s capital as a consequence of its obligations under a Funding Agreement, or to reduce the amount of any sum received
or receivable by a Funding Source under a Funding Agreement or to require any payment calculated by reference to the amount of interests or loans held or interest received by it (each such Funding Source that suffers any event described in any of
the preceding clauses (i)-(iii), an “Affected Entity”), then, upon written demand by the applicable Co-Agent upon the Borrower (with a copy to the Administrative Agent and Servicer), the Borrower shall pay to the
Administrative Agent, for the benefit of the relevant Affected Entity, such amounts charged to such Affected Entity or such amounts to otherwise compensate such Affected Entity for such increased cost or such reduction; provided, however,
that in the case of a Regulatory Change resulting in an increase in the regulatory capital required to be maintained by any Affected Entity, the Borrower shall not be liable to compensate such Affected Entity for such increase for any period
prior to the 61st day following written notification
thereof from the applicable Co-Agent to the Borrower (with a copy to the Administrative Agent and the Servicer). 

(b) If Affected Entities from less than all of the Groups request compensation under Section 10.2(a), the
Borrower shall have the right to (i) replace the claiming Group by requiring all of its Constituents to assign all or any portion of their Commitment, Group Limit and outstanding Obligations, as applicable, by entering into written assignments
with one or more Eligible Assignees identified by the Borrower, and (ii) without regard to any other provision of this Agreement requiring payments to be made or Commitments to be reduced ratably amongst the Groups, to pay in full of all
remaining Obligations (if any) owing to such Group and terminate the remaining portion (if any) of such Group’s Commitment and Group Limit. Each assignment pursuant to clause (i) above to an Eligible Assignee (which may include a
Constituent of another Co-Agent) shall become effective on the date specified therein subject to receipt of payment in full on such date for all Obligations owing to the Group being 

 

 7 

 
replaced, and the Group being replaced agrees to make the requested assignments; provided that (A) any expenses or other amounts which would be owing to such Group pursuant to
any indemnification provision hereof (including, without limitation, Section 4.3) shall be payable by the Borrower as if the Borrower had prepaid the Loans of the assigning Group rather than the members of such Group having assigned their
respective interests hereunder, and (B) if the Administrative Agent is an Affiliate of the members of any Group that is being replaced, the Borrower shall appoint a successor Administrative Agent from the Eligible Assignees or remaining Groups.
To the extent that replacement of the Administrative Agent or any partial reduction of the Aggregate Commitment resulting from the foregoing assignments or prepayments requires amendments (rather than assignments) of this Agreement or any of the
Transaction Documents, each of the parties hereto agrees to cooperate with the preparation and execution of such amendments. 

1.10. Section 11.1 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

Section 11.1. Appointment. 

(a) Each member of the Gotham Group hereby irrevocably designates and appoints The Bank of Tokyo-Mitsubishi UFJ, Ltd., New
York Branch, as Gotham Agent hereunder and under the other Transaction Documents to which the Gotham Agent is a party, and authorizes the Gotham Agent to take such action on its behalf under the provisions of the Transaction Documents and to
exercise such powers and perform such duties as are expressly delegated to the Gotham Agent by the terms of the Transaction Documents, together with such other powers as are reasonably incidental thereto. Each member of the PARCO Group hereby
irrevocably designates and appoints JPMorgan Chase Bank, N.A., as PARCO Agent hereunder and under the other Transaction Documents to which the PARCO Agent is a party, and authorizes the PARCO Agent to take such action on its behalf under the
provisions of the Transaction Documents and to exercise such powers and perform such duties as are expressly delegated to the PARCO Agent by the terms of the Transaction Documents, together with such other powers as are reasonably incidental
thereto. Each member of the Starbird Group hereby irrevocably designates and appoints BNP Paribas, acting through its New York Branch, as Starbird Agent hereunder and under the other Transaction Documents to which the Starbird Agent is a party, and
authorizes the Starbird Agent to take such action on its behalf under the provisions of the Transaction Documents and to exercise such powers and perform such duties as are expressly delegated to the Starbird Agent by the terms of the Transaction
Documents, together with such other powers as are reasonably incidental thereto. Each member of the Atlantic Group hereby irrevocably designates and appoints Calyon New York Branch, as Atlantic Agent

  

 8 

 
hereunder and under the other Transaction Documents to which the Atlantic Agent is a party, and authorizes the Atlantic Agent to take such action on its behalf under the provisions of the
Transaction Documents and to exercise such powers and perform such duties as are expressly delegated to the Atlantic Agent by the terms of the Transaction Documents, together with such other powers as are reasonably incidental thereto. Each member
of the CAFCO Group hereby irrevocably designates and appoints Citibank, N.A., as CAFCO Agent hereunder and under the other Transaction Documents to which the CAFCO Agent is a party, and authorizes the CAFCO Agent to take such action on its behalf
under the provisions of the Transaction Documents and to exercise such powers and perform such duties as are expressly delegated to the CAFCO Agent by the terms of the Transaction Documents, together with such other powers as are reasonably
incidental thereto. Each of the Lenders and the Co-Agents hereby irrevocably designates and appoints Citicorp North America, Inc. as Administrative Agent hereunder and under the Transaction Documents to which the Administrative Agent is a party, and
authorizes the Administrative Agent to take such action on its behalf under the provisions of the Transaction Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of the
Transaction Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, none of the Agents shall have any duties or responsibilities, except those
expressly set forth in the Transaction Documents to which it is a party, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities on the part of such Agent shall be read
into any Transaction Document or otherwise exist against such Agent. 
 (b) The provisions of this Article XI are
solely for the benefit of the Agents and the Lenders, and neither of the Loan Parties shall have any rights as a third-party beneficiary or otherwise under any of the provisions of this Article XI, except that this Article XI shall not affect any
obligations which any of the Agents or Lenders may have to either of the Loan Parties under the other provisions of this Agreement. 

(c) In performing its functions and duties hereunder, (i) each Co-Agent shall act solely as the agent of its
Constituents and does not assume nor shall be deemed to have assumed any obligation or relationship of trust or agency with or for either of the Loan Parties or any of their respective successors and assigns and (ii) the Administrative Agent
shall act solely as the agent of the Secured Parties and does not assume nor shall be deemed to have assumed any obligation or relationship of trust or 

 

 9 

 
agency with or for either of the Loan Parties or any of their respective successors and assigns. 

1.11. Section 11.9 of the Credit Agreement is hereby amended to insert the following new clause (e) at the end thereof:

 (e) Calyon acts, or may in the future act: (i) as administrator of Atlantic, (ii) to provide credit
or liquidity enhancement for the timely payment for Atlantic’s Commercial Paper and (iii) to provide other services from time to time for Atlantic (collectively, the “Calyon Roles”). Without limiting the generality
of Sections 11.1 and 11.8, each of the Agents and Atlantic hereby acknowledges and consents to any and all Calyon Roles and agrees that in connection with any Calyon Role, Calyon may take, or refrain from taking, any action which it,
in its discretion, deems appropriate, including, without limitation, in its role as administrator of Atlantic, the giving of notice to the Atlantic Liquidity Banks of a mandatory purchase pursuant to the Atlantic Liquidity Agreement. 

1.12. Section 12.2(a) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

(a) the assignment by a Lender in accordance with Section 1.2(c), 10.2(b) or 12.1(b) or
(c), the Eligible Assignee(s) receiving such assignment shall have all of the rights of such Lender with respect to the Transaction Documents and the Obligations (or such portion thereof as has been assigned). 

1.13. Section 14.1(b) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 

(b) without the prior written consent of all of its Constituents, no Co-Agent will amend, modify or waive any provision of
this Agreement which would (i) reduce the amount of any principal or interest that is payable on account of its Conduit’s Loans or delay any scheduled date for payment thereof; (ii) decrease the Required Reserve, decrease the spread
included in any Interest Rate or change the Servicing Fee; (iii) modify this Section 14.1; or (iv) modify any yield protection or indemnity provision which expressly inures to the benefit of assignees or Participants of such
Co-Agent’s Conduit. 
 1.14. Section 14.5(b)(iv) of the Credit Agreement is hereby amended to insert
“Calyon,” before “BTMU”. 
  

 10 

 1.15. Section 14.7 of the Credit Agreement is hereby amended to insert the following
new paragraph at the end thereof: 
 Notwithstanding anything in this Agreement to the contrary, no Conduit shall
have any obligation to pay any amount required to be paid by it hereunder in excess of any amount available to such Conduit after paying or making provision for the payment of its Commercial Paper. All payment obligations of each of the Conduits
hereunder are contingent on the availability of funds in excess of the amounts necessary to pay its respective Commercial Paper; and each of the other parties hereto agrees that it will not have a claim under Section 101(5) of the Bankruptcy
Code if and to the extent that any such payment obligation owed to it by a Conduit exceeds the amount available to such Conduit, after paying or making provision for the payment of its Commercial Paper. 

1.17. A new Section 14.11(b) of the Credit Agreement is hereby amended to delete “Sections 14.5 and 14.6” where it appears
and to substitute in lieu thereof “Sections 14.5, 14.6, 14.7 and 14.13.” 
 1.18. A new Section 14.13 is hereby
added to the Credit Agreement which reads as follows: 
 Section 14.13. Tax Gross-Up. All payments to
be made by Borrower hereunder shall be made without setoff, counterclaim or other defense and free and clear of any deduction or withholding. If Borrower is required by law to make any deduction or withholding from any payment on account of any Tax
(other than an Excluded Tax), the sum due from it in respect of such payment shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the intended recipient receives a net sum equal to the sum
which it would have received had no deduction or withholding been made. 
 1.19. The following Sections of the Credit Agreement
are hereby deleted in their entirety and replaced with “[intentionally omitted]”: Sections 1.1(b), 1.1(c), 1.3(e), 1.4(d), 1.4(e), 1.8, 1.9 and 1.10. 

1.20. The definitions of the following terms in Exhibit I to the Credit Agreement are hereby deleted in their entirety: 

“Cash Secured Advance” 

“Cash Secured Advance Commencement Date” 

“Collateral Advance Account” 

“Collateral Advance Account Bank” 

“Term-Out Lender” 

“Term-Out Lender Funding Date” 

“Term Period” 
  

 11 

 1.21. Clause (iv) of the definition in Exhibit I to the Credit Agreement of
“Eligible Receivable” is hereby amended and restated in its entirety to read as follows: 

(iv) which (A) by its terms is due and payable within 91 days of the original billing date therefor and has not had
its payment terms extended more than once, (B) has not been transferred, in whole or in part, to notes receivable, and (C) is not owing from an Obligor that has had all or any portion of the Receivables owing from it transferred to notes
receivable, 
 1.22. The definition in Exhibit I to the Credit Agreement of each of the terms specified below is hereby amended
and restated in its entirety to read, respectively, as follows: 
 “Affected Entity” has
the meaning set forth in Section 10.2(a). 
 “Alternate Base Rate” [***]

 “CAFCO Allocation Limit” has the meaning set forth in Section 1.1(a)(iv).

 “Commitment Termination Date” means the earliest of (a) as to each Group, its
Liquidity Termination Date, (b) the Amortization Date, and (c) the date the Aggregate Commitment reduces to zero. 

“Committed Lender” means (a) each of the Gotham Liquidity Banks, (b) each of the PARCO
Liquidity Banks, (c) each of the Starbird Liquidity Banks, (d) each of the CAFCO Liquidity Banks, and (e) each of the Atlantic Liquidity Banks. 

“Conduits” means Gotham, Starbird, Parco, CAFCO and Atlantic. 

“Constituent” means, (a) as to the Gotham Group, any member of the Gotham Group from time to
time a party hereto, (b) as to the PARCO Agent, any member of the PARCO Group from time to time party hereto, (c) as to the Starbird Agent, any member of the Starbird Group from time to time party hereto, (d) as to the CAFCO Group,
any member of the CAFCO Group from time to time party hereto, and (e) as to the Atlantic Agent, any member of the Atlantic Group from time to time party hereto, and when used as an adjective, “Constituent” shall have a
correlative meaning. 
 “Eligible Assignee” means: 

(a) for any of the Conduits, (i) any bankruptcy-remote commercial paper conduit whose Commercial Paper is rated at
least “A-1” by S&P and “P-1” by Moody’s, or (ii) any Liquidity Bank, or 
  

 12 

 (b) for all Lenders, any commercial bank having combined capital and surplus
of at least $250,000,000 with a rating of its (or its parent holding company’s) short-term securities equal to or higher than (A) “A-1” by S&P and (B) “P-1” by Moody’s.

 “Fee Letters” means, collectively, the Administrative Agent’s Fee Letter and the
Co-Agents’ Fee Letter. 
 “Funding Source” means (i) any Liquidity Bank,
(ii) any insurance company, bank or other funding entity providing liquidity, credit enhancement or back-up purchase support or facilities to any Conduit, including, without limitation, such Conduit’s Participants, if any, or
(iii) any holding company of any of the foregoing. 
 “Gotham Allocation Limit” has
the meaning set forth in Section 1.1(a)(i). 
 “Group” means the Atlantic
Group, the Gotham Group, the PARCO Group, the Starbird Group or the CAFCO Group, as the case may be. 

“Independent Manager” means a member of the board of managers of Borrower who (a) is not at
such time, and has not been at any time during the preceding five (5) years: (i) a customer, advisor, supplier, director, officer, employee or affiliate of International Paper or any of its Subsidiaries or Affiliates other than Borrower
(International Paper and such Subsidiaries and Affiliates other than Borrower being hereinafter referred to as the “Corporate Group”), (ii) the owner (whether direct, indirect or beneficial) at the time of such
individual’s appointment as an Independent Manager or at any time thereafter while serving as an Independent Manager, of any of the outstanding membership interests of Borrower or any of its Affiliates (provided that indirect ownership
of Borrower or of any Affiliate by any person through a mutual fund or similar diversified investment pool shall not disqualify such person from being an Independent Manager unless such person maintains direct or indirect control of the investment
decisions of such mutual fund or similar diversified investment pool), (iii) a person related to any person referred to in clauses (i) and (ii); or (iv) a trustee, conservator or receiver for any member of the Corporate Group; and
(b) has (i) prior experience as an independent director or independent manager for an entity whose charter documents required the unanimous consent of all independent directors or independent managers thereof, as applicable, before such
entity could consent to the institution of bankruptcy or insolvency proceedings against it or could file a petition seeking relief under any applicable federal or state law relating to bankruptcy and (ii) at least three years of employment
experience with one or more entities that provide, in the ordinary course of their respective business, advisory, management or placement services to issuers of securitization or structured finance instruments, agreements or securities. 

 

 13 

 “LIBOR” means, for any Interest Period, the rate per
annum equal to the sum of (i) (a) the rate per annum determined on the basis of the offered rate for deposits in U.S. dollars of amounts equal or comparable to the principal amount of the related Loan offered for a term comparable
to such Interest Period, which rates appear on a Bloomberg L.P. terminal, displayed under the address “US0001M <Index> Q <Go>“ effective as of 11:00 A.M., London time, two Business Days prior to the first day of such
Interest Period, provided that if no such offered rates appear on such page, LIBOR for such Interest Period will be the arithmetic average (rounded upwards, if necessary, to the next higher 1/100th of 1%) of rates quoted by not less
than two major banks in New York, New York, selected by the Administrative Agent, at approximately 10:00 a.m. (New York time), two Business Days prior to the first day of such Interest Period, for deposits in U.S. dollars offered by leading European
banks for a period comparable to such Interest Period in an amount comparable to the principal amount of such Loan, divided by (b) one minus the maximum aggregate reserve requirement (including all basic, supplemental, marginal or other
reserves) which is imposed against the Administrative Agent in respect of Eurocurrency liabilities, as defined in Regulation D of the Board of Governors of the Federal Reserve System as in effect from time to time (expressed as a decimal),
applicable to such Interest Period, plus (ii) [***] basis points. LIBOR shall be rounded, if necessary, to the next higher 1/16 of 1%. 

“Liquidity Termination Date” means: 

(a) as to the Gotham Group, January 12, 2011 (unless such date is extended from time to time in the sole discretion
of the Gotham Liquidity Banks); 
 (b) as to the PARCO Group, January 12, 2011 (unless such date is extended
from time to time in the sole discretion of the PARCO Liquidity Banks); 
 (c) as to the Starbird Group,
January 12, 2011 (unless such date is extended from time to time in the sole discretion of the Starbird Liquidity Banks); 

(d) as to the CAFCO Group, January 12, 2011 (unless such date is extended from time to time in the sole discretion of
the CAFCO Liquidity Banks); and 
 (e) as to the Atlantic Group, January 12, 2011 (unless such date is
extended from time to time in the sole discretion of the Atlantic Liquidity Banks). 

“Obligations” means, at any time, any and all obligations of either of the Loan Parties to any of
the Secured Parties arising under or in connection with the Transaction Documents, whether now existing or hereafter arising, due or accrued, absolute or contingent, including, without limitation, obligations in respect of Aggregate Principal, CP
Costs, Interest, fees under the Fee Letters, Broken Funding Costs and Indemnified Amounts. 
  

 14 

 “PARCO Allocation Limit” has the meaning set forth
in Section 1.1(a)(ii). 
 “Pool Funded Conduits” means Atlantic, PARCO,
Starbird, CAFCO and Gotham. 
 “Starbird Allocation Limit” has the meaning set forth in
Section 1.1(a)(iii). 
 1.23. The following new definitions are hereby inserted into Exhibit I to the Credit
Agreement in their appropriate alphabetical order: 
 “Administrative Agent’s Fee
Letter” means that certain Administrative Agent’s Fee Letter dated as of January 13, 2010 by and among the Administrative Agent, International Paper and Borrower, as the same may be amended, restated or otherwise modified from
time to time. 
 “Atlantic” means Atlantic Asset Securitization LLC, a Delaware limited
liability company, and its successors. 
 “Atlantic Agent” means Calyon in its capacity
as agent for the Atlantic Group, together with its successors in such capacity. 
 “Atlantic
Allocation Limit” has the meaning set forth in Section 1.1(a)(v). 

“Atlantic Group” means, collectively, Atlantic and the Atlantic Liquidity Bank(s). 

“Atlantic Liquidity Agreement” means, collectively, any liquidity agreement pursuant to which any
of the Atlantic Liquidity Banks provides liquidity to Atlantic and any related asset purchase agreement, as each may be amended, restated, supplemented, replaced or otherwise modified from time to time. 

“Atlantic Liquidity Bank” means Calyon and any other Liquidity Bank that now or hereafter enters
into this Agreement and the Atlantic Liquidity Agreement. 
 “Calyon” means Calyon New
York Branch. 
 “Co-Agents’ Fee Letter” means that certain Co-Agents’ Fee
Letter dated as of January 13, 2010 by and among the Co-Agents and Borrower, as the same may be amended, restated or otherwise modified from time to time. 

1.24. Each of Exhibit II, IV, V and VII to the Credit Agreement is hereby amended and restated in its entirety to read as set forth in
the comparably numbered exhibit set forth Annex A to this Amendment. 
  

 15 

 1.25. Schedule A to the Credit Agreement is hereby amended and restated in its entirety to
read as set forth in Annex B to this Amendment. 
 2. Representations and Warranties. As an inducement to the Agents and
the Lenders to enter into this Amendment, Borrower hereby represents and warrants to each of them as follows: 

(i) the representations and warranties set forth in Section 6.1 of the Credit Agreement are true and correct
on and as of the date of this Amendment as though made on and as of such date; and 
 (ii) no event has occurred
and is continuing that constitutes an Amortization Event, and no event has occurred and is continuing that constitutes an Unmatured Amortization Event. 

3. Conditions Precedent. This Amendment shall become effective as of the date first above written upon (a) execution and
delivery to the Administrative Agent’s counsel of each of the documents listed on Annex C hereto, and (b) receipt by the Co-Agents of the Amendment and Renewal Fee (as defined in the Co-Agents’ Fee Letter) in immediately available
funds. 
 4. Miscellaneous. 

(a) CHOICE OF LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW
YORK, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAWS THEREOF OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW. 

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

(c) Ratification. Except as expressly amended hereby, the Credit Agreement remains unaltered and in full force and effect and is
hereby ratified and confirmed. 
  

 16 

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

			
	RED BIRD RECEIVABLES, LLC
		
	By:	 	 /s/ David E. Arick

	Name:	 	David E. Arick
	Title:	 	President

			
	INTERNATIONAL PAPER COMPANY, AS
SERVICER
		
	By:	 	 /s/ Errol A. Harris

	Name:	 	Errol A. Harris
	Title:	 	Vice President & Treasurer

			
	GOTHAM FUNDING CORPORATION
		
	By:	 	 /s/ David V. DeAngelis

	Name:	 	David V. DeAngelis
	Title:	 	Vice President
	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as a Liquidity Bank
		
	By:	 	 /s/ Ravneet Mumick

	Name:	 	Ravneet Mumick
	Title:	 	Authorized Signatory
	
	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., NEW YORK BRANCH, as Gotham Agent
		
	By:	 	 /s/ Ichinari Matsui

	Name:	 	Ichinari Matsui
	Title:	 	SVP & Group Head

			
	PARK AVENUE RECEIVABLES COMPANY LLC
	
	BY: JPMORGAN CHASE BANK, N.A., ITS
ATTORNEY-IN-FACT
		
	By:	 	 /s/ Trisha Lesch

	Name:	 	Trisha Lesch
	Title:	 	Vice President
	
	 JPMORGAN CHASE BANK, N.A.,

as a Liquidity Bank and as PARCO Agent

		
	By:	 	 /s/ Trisha Lesch

	Name:	 	Trisha Lesch
	Title:	 	Vice President
	
	STARBIRD FUNDING CORPORATION
		
	By:	 	 /s/ Frank B. Bilotta

	Name:	 	Frank B. Bilotta
	Title:	 	President
	
	BNP PARIBAS, ACTING THROUGH ITS NEW YORK BRANCH, as a Liquidity Bank and as Starbird Agent
		
	By:	 	 /s/ Mary Dierdorff

	Name:	 	Mary Dierdorff
	Title:	 	Managing Director
		
	By:	 	 /s/ Sean Reddington

	Name:	 	Sean Reddington
	Title:	 	Managing Director

			
	ATLANTIC ASSET SECURITIZATION LLC
	
	BY:CALYON NEW YORK BRANCH, AS
ATTORNEY-IN-FACT
		
	By:	 	 /s/ Richard McBride

	Name:	 	Richard McBride
	Title:	 	Director
		
	By:	 	 /s/ Sam Pilcer

	Name:	 	Sam Pilcer
	Title:	 	Managing Director
	
	 CALYON NEW YORK BRANCH,

individually and as Atlantic Agent

		
	By:	 	 /s/ Richard McBride

	Name:	 	Richard McBride
	Title:	 	Director
		
	By:	 	 /s/ Sam Pilcer

	Name:	 	Sam Pilcer
	Title:	 	Managing Director

			
	CAFCO, LLC
	
	BY: CITIBANK, N.A., ITS ATTORNEY-IN-FACT
		
	By:	 	 /s/ Marina Donskaya

	Name:	 	Marina Donskaya
	Title:	 	Vice President
	
	 CITICORP NORTH AMERICA, INC.,

as Withdrawing CAFCO Agent and as Administrative Agent

		
	By:	 	 /s/ Marina Donskaya

	Name:	 	Marina Donskaya
	Title:	 	Vice President
	
	 CITIBANK, N.A.,
 as
CAFCO Agent and as a Liquidity Bank

		
	By:	 	 /s/ Marina Donskaya

	Name:	 	Marina Donskaya
	Title:	 	Vice President

 ANNEX A 

EXHIBIT II 

FORM OF BORROWING REQUEST 

— 

RED BIRD RECEIVABLES, LLC 

BORROWING REQUEST 

For Borrowing on
                                        

 The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, as Gotham Agent 

1251 Avenue of the Americas 
 New York, New York
10020-1104 
 Attn: Securitization Group, Fax No. (212) 782-6448 

JPMorgan Chase Bank, N.A., as PARCO Agent 

Chase Tower, 13th Floor 
 10 South Dearborn, Mail
Suite IL1-0079 
 Chicago, IL 60603 

Attention: PARCO Funding Manager, Fax No. (312) 732-1844 

BNP Paribas, acting through its New York Branch, as Starbird Agent 

787 Seventh Avenue, 8th Floor 
 New York, New
York 10019 
 Attention: Linda Ruivivar, Fax No. (212) 841-2992 

Calyon New York Branch, as Atlantic Agent 
 1301
Avenue of the Americas 
 New York, NY 10019 

Attention: Roman Burt, Fax No. (917) 849-5584 

and 
 Citibank, N.A., as CAFCO Agent

 750 Washington Boulevard 
 Stamford,
CT 06901 
 Attention: Loretta Lachman, Fax No. (914) 274-9027 

Ladies and Gentlemen: 

Reference is made to the Second Amended and Restated Credit and Security Agreement dated as of March 13, 2008 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”) among Red Bird Receivables, LLC (the “Borrower”), International Paper Company, as Servicer, the Conduits, Liquidity Banks
and Co-Agents, from time to time 

 
party thereto, and Citicorp North America, Inc., as Administrative Agent. Capitalized terms defined in the Credit Agreement are used herein with the same meanings. 

1. The Borrower hereby certifies, represents and warrants to the Agents and the Lenders that on and as of the Borrowing Date (as
hereinafter defined): 
 (a) all applicable conditions precedent set forth in Article V of the Credit Agreement have been
satisfied; 
 (b) each of its representations and warranties contained in Section 6.1 of the Credit Agreement will
be true and correct, in all material respects, as if made on and as of the Borrowing Date; 
 (c) no event will have occurred
and is continuing, or would result from the requested Advance, that constitutes an Amortization Event or Unmatured Amortization Event; 

(d) the Termination Date has not occurred; and 

(e) after giving effect to the Loans comprising the Advance requested below, the aggregate principal amount of the Gotham Group’s
Loans at any one time outstanding will not exceed the Gotham Allocation Limit, the aggregate principal amount of the PARCO Group’s Loans at any one time outstanding will not exceed the PARCO Allocation Limit, the aggregate principal amount of
the Starbird Group’s Loans at any one time outstanding will not exceed the Starbird Allocation Limit, the aggregate principal amount of the Atlantic Group’s Loans at any one time outstanding will not exceed the Atlantic Allocation Limit,
and the aggregate principal amount of the CAFCO Group’s Loans at any one time outstanding will not exceed the CAFCO Allocation Limit. 

2. The Borrower hereby requests that the Conduits (or their respective Liquidity Banks) make an Advance on
            ,             (the “Borrowing Date”) as follows: 

(a) Aggregate Amount of Advance:
$                     calculated as: 
  

					
		 	 Rollover Amount:
                                
	 	
		 	 Reduction Amount:
                                
	 	
		 	 New Loan Amount:
                                
	 	
		 	 Total Advance:
                                
	 	
			
		 	 1. Gotham Group’s Share of Advance:
$                    
	 	
			
		 	 2. PARCO Group’s Share of Advance:
$                    
	 	
			
		 	 3. Starbird Group’s Share of Advance:
$                    
	 	
			
		 	 4. CAFCO Group’s Share of Advance:
$                    
	 	
			
		 	 5. Atlantic Group’s Share of Advance:
$                    
	 	

 (b) Interest Rate Requested: CP Rate 

(c) PARCO Group, Starbird Group, CAFCO Group, Atlantic Group and Gotham Group repayment date:
             
 3. Please disburse the proceeds of the Loans
as follows: 
 (i) Gotham Group: [Wire transfer
$             to account no.              at
             Bank, in [city, state], ABA No.             , Reference:
            ]; 
 (ii) PARCO Group: [Wire
transfer $             to account no.              at
             Bank, in [city, state], ABA No.             , Reference:
            ]; 
 (iii) Starbird Group: [Wire
transfer $             to account no.              at
             Bank, in [city, state], ABA No.             , Reference:
            ]; 
 (iv) CAFCO Group: [Wire
transfer $             to account no.              at
             Bank, in [city, state], ABA No.             , Reference:
            ]; and 
 (v) Atlantic Group:
[Wire transfer $             to account no.              at
             Bank, in [city, state], ABA No.             , Reference:
            ]. 
 IN WITNESS WHEREOF, the
Borrower has caused this Borrowing Request to be executed and delivered as of this             day of             ,
            . 
  

			
	RED BIRD RECEIVABLES, LLC, AS BORROWER
		
	By:	 	 
		 	 Name:

		 	 Title:

 EXHIBIT IV 

NAMES OF COLLECTION BANKS; LOCK BOXES & COLLECTION ACCOUNTS 

[***] 

 EXHIBIT V 

FORM OF COMPLIANCE CERTIFICATE 
  

			
	To:	  	 The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch, as Gotham Agent

JPMorgan Chase Bank, N.A., as PARCO Agent
 BNP
Paribas, acting through its New York branch, as Starbird Agent

		  	 Calyon New York Branch, as Atlantic Agent

Citibank, N.A., as CAFCO Agent
 Citicorp North
America, Inc., as Administrative Agent

 This Compliance Certificate is furnished pursuant to that certain
Second Amended and Restated Credit and Security Agreement dated as of March 13, 2008 among Red Bird Receivables, LLC (the “Borrower”), International Paper Company, as Servicer, the Conduits, Liquidity Banks and Co-Agents
from time to time party thereto, and Citicorp North America, Inc., as Administrative Agent (as amended, restated or otherwise modified from time to time, the “Agreement”). Capitalized terms used and not otherwise defined
herein are used with the meanings attributed thereto in the Agreement. 
 THE UNDERSIGNED HEREBY CERTIFIES THAT: 

 1. I am the duly elected
                                 of Borrower. 

2. I have reviewed the terms of the Agreement and I have made, or have caused to be made under my supervision, a detailed review of the
transactions and conditions of Borrower and its Subsidiaries during the accounting period covered by the attached financial statements. 

3. The examinations described in paragraph 2 did not disclose, and I have no knowledge of, the existence of any condition or event which
constitutes an Amortization Event or Unmatured Amortization Event, as each such term is defined under the Agreement, during or at the end of the accounting period covered by the attached financial statements or as of the date of this Certificate[,
except as set forth in paragraph 4 below]. 
 [4. Described below are the exceptions, if any, to paragraph 3 by listing, in
detail, the nature of the condition or event, the period during which it has existed and the action which Borrower has taken, is taking, or proposes to take with respect to each such condition or event:
                                        ]

 The foregoing certifications and the financial statements delivered with this Certificate in support hereof, are made and
delivered as of                     , 20    . 

 

			
	By:	 	  

		 	 Name:

		 	 Title:

 EXHIBIT VII 

FORM OF PARTIAL RELEASE AND SALE DOCUMENTS 

ADMINISTRATIVE AGENT’S RELEASE OF CERTAIN RECEIVABLE ASSETS 

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, the
Administrative Agent (hereinafter defined) under that certain Second Amended and Restated Credit and Security Agreement, dated as of March 13, 2008, as amended (the “CSA”), by and among (a) RED BIRD RECEIVABLES,
LLC, a Delaware limited liability company (“Borrower”), (b) INTERNATIONAL PAPER COMPANY, a New York corporation (“International Paper”), as Servicer, (c) THE CONDUITS, LIQUIDITY BANKS AND
CO-AGENTS FROM TIME TO TIME PARTY THERETO, and (d) CITICORP NORTH AMERICA, INC., as Administrative Agent (in such capacity, together with its successors in such capacity, the “Administrative Agent”) does hereby
irrevocably release all right, title and interest in and to, and liens and security interests upon, the following personal property: 

All existing and future Receivables as to which
                         (or one of its Affiliates) is the Obligor, the Related Security associated directly with such
Receivables (except to the extent such Related Security includes Records related to other Receivables), and all Collections on and other proceeds of the foregoing (collectively, the “Specified Receivables”). 

Capitalized terms used herein are used with the meanings attributed thereto in the CSA. 

Further, notwithstanding any provision of the CSA to the contrary, the Administrative Agent, on behalf of the Agents and the Lenders,
hereby consents to (a) the sale by the Borrower of any Specified Receivables owned by the Borrower to International Paper for an aggregate sum of
$                    , and (b) the sale by International Paper to
                                        
(“Purchaser”), for an aggregate sum of $                    . 

This release is executed by the Administrative Agent on behalf of the Agents and the Lenders party to the CSA, without representation or
warranty of any kind, express or implied, except that the Administrative Agent has not granted any right, title or interest in, or lien upon, the Specified Receivables to any other Person. 

IN WITNESS WHEREOF, the undersigned has executed this instrument as of
                    , 200    . 

 

			
	CITICORP NORTH AMERICA, INC., as Administrative Agent
		
	By:	 	  

		 	Title:

 Attachment: Exhibit A 

 SALE OF CERTAIN RECEIVABLE ASSETS 

IN CONSIDERATION OF THE PAYMENT OF
$                    , the receipt and sufficiency of which are hereby acknowledged, RED BIRD RECEIVABLES, LLC, a Delaware limited liability
company (“Red Bird”), hereby sells, assigns, transfers and conveys, to INTERNATIONAL PAPER COMPANY, a New York corporation (“International Paper”), all right, title and interest in and to the trade
accounts receivable as to which                                  (or one of its
Affiliates) is the account debtor that is listed on Exhibit A attached hereto and made a part hereof, together with all records related thereto and all proceeds of the foregoing (collectively, the “Specified Receivables”),
without representation or warranty of any kind, express or implied. 
 It is Red Bird’s intention that the conveyance of
the Specified Receivables made hereunder shall constitute a true sale, which sale is absolute and irrevocable and provides International Paper with the full benefits of ownership of the Specified Receivables. 

IN WITNESS WHEREOF, Red Bird has caused this instrument to be duly executed and delivered on
                    , 20    . 

 

			
	RED BIRD RECEIVABLES, LLC
		
	By:	 	  

		 	Name:
		 	Title:

 Agreed to and accepted:

  

			
	INTERNATIONAL PAPER COMPANY
		
	By:	 	  

	Name:	 	
	Title:	 	

 Attachment: Exhibit A 

 ANNEX B 

SCHEDULE A 

COMMITMENTS 

[***] 

 ANNEX C 

CLOSING DOCUMENTS 
  

	1.	Amendment No. 3 to Second Amended and Restated Credit and Security Agreement, duly executed by each of the parties thereto. 

 

	2.	Administrative Agent’s Fee Letter, duly executed by each of the parties thereto. 

 

	3.	Co-Agents’ Fee Letter, duly executed by each of the parties thereto. 

  

	4.	An amendment to Borrower’s limited liability company agreement incorporating the change in Section 7.1(i)(xiii)(B). 

 

	5.	A certificate of Borrower’s Assistant Secretary certifying a copy of its resolutions authorizing its execution delivery and performance of the above documents and
the names and titles of its authorized officers. 

  

	6.	A Certificate of IPCO’s financial officer certifying that, as of the closing date, no Termination Event or Unmatured Termination Event exists and is continuing
under the Receivables Sale and Contribution Agreement. 

  

	7.	A Compliance Certificate in the form of Exhibit V in Annex A to this Amendment, duly executed by Borrower. 

 

	8.	A reliance letter, addressed to Atlantic, Calyon and Citibank (in its capacity as successor CAFCO Agent), with respect to each of the legal opinions delivered under the
Receivables Sale and Contribution Agreement and the Credit and Security Agreement.

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