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iesy Repository GmbH - Irish Stock Exchange

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similar agreement and other compensation arrangements, options, warrants or other rights to purchase Capital <strong>Stock</strong> of the<br />

Issuer or any Parent, restricted stock plans, long-term incentive plans, stock appreciation rights plans, participation plans<br />

or similar employee benefits or consultants’ plans (including valuation, health, insurance, deferred compensation,<br />

severance, retirement, savings or similar plans, programs or arrangements) and/or indemnities provided on behalf of<br />

officers, employees, directors or consultants approved by the Board of Directors of the Issuer, in each case in the ordinary<br />

course of business;<br />

(3) any Management Advances;<br />

(4) any transaction between or among the Issuer and/or any Restricted Subsidiary (or entity that becomes a Restricted<br />

Subsidiary as a result of such transaction), or between or among Restricted Subsidiaries;<br />

(5) the payment of reasonable fees and reimbursement of expenses to, and customary indemnities provided on behalf<br />

of, directors, officers, consultants or employees of the Issuer, any Restricted Subsidiary of the Issuer or (to the extent such<br />

person renders services to the businesses of the Issuer and its Subsidiaries) any Parent (whether directly or indirectly and<br />

including through any Person owned or controlled by any of such directors, officers or employees);<br />

(6) the entry into and performance of obligations of the Issuer or any of its Restricted Subsidiaries under the terms of,<br />

any transaction arising out of, and any payments pursuant to (in each case, other than any payments of fees and expenses<br />

of the type described under clause (10) of this paragraph) any agreement or instrument in effect as of or on the Closing<br />

Date and disclosed in “Certain Relationships and Related Party Transactions”, as these agreements and instruments may<br />

be amended, modified, supplemented, extended, renewed or refinanced from time to time in accordance with the other<br />

terms of this covenant or to the extent not disadvantageous to the Holders in any material respect;<br />

(7) transactions with customers, clients, suppliers, or purchasers or sellers of goods or services, in each case in the<br />

ordinary course of business and otherwise in compliance with the terms of the Indenture that are fair to the Issuer or the<br />

relevant Restricted Subsidiary in the reasonable determination of the Board of Directors of the Issuer or are on terms no<br />

less favorable than those that could reasonably have been obtained at such time from an unaffiliated party;<br />

(8) any transaction entered into in the ordinary course of business between or among the Issuer or any Restricted<br />

Subsidiary and any joint venture or similar entity and in a manner consistent with past practice, if such transaction would<br />

constitute an Affiliate Transaction solely because the Issuer or a Restricted Subsidiary owns an equity interest in or<br />

otherwise controls such joint venture or similar entity;<br />

(9) issuances or sales of Capital <strong>Stock</strong> (other than Disqualified <strong>Stock</strong> or Designated Preference Shares) of the Issuer or<br />

options, warrants or other rights to acquire such Capital <strong>Stock</strong> or Subordinated Shareholder Funding, in each case issued<br />

to any Parent or any Permitted Holder in the ordinary course of business; provided that the interest rate and other financial<br />

terms of such Subordinated Shareholder Funding are approved by a majority of the members of the Board of Directors in<br />

their reasonable determination;<br />

(10) (a) payments by the Issuer or any Restricted Subsidiary to any Permitted Holder (whether directly or indirectly,<br />

including through any Parent) of annual management, consulting, monitoring or advisory fees and related reasonable out<br />

of pocket expenses in an aggregate amount not to exceed €4.0 million per year and (b) customary payments by the Issuer<br />

or any Restricted Subsidiary to any Permitted Holder (whether directly or indirectly, including through any Parent) for<br />

financial advisory, financing, underwriting or placement services or in respect of other investment banking activities,<br />

including in connection with acquisitions or divestitures, which payments in respect of this clause (b) are approved by a<br />

majority of the members of the Board of Directors of the Issuer in good faith; and<br />

(11) the acquisition of ish, any of its subsidiaries or any direct or indirect interests therein and the transactions<br />

contemplated thereby.<br />

Listing<br />

The Issuer will use all commercially reasonable efforts to list and maintain the listing of the Notes on the <strong>Irish</strong> <strong>Stock</strong><br />

<strong>Exchange</strong>; provided, however, that if the Issuer is unable to list the Notes on the <strong>Irish</strong> <strong>Stock</strong> <strong>Exchange</strong> or if maintenance of<br />

such listing becomes unduly onerous, it will maintain a listing of such Notes on another recognized stock exchange.<br />

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