EX-4.2



 Exhibit 4.2 

EXECUTION VERSION 
  

 
 CENTENE ESCROW CORPORATION 

TO BE MERGED WITH AND INTO CENTENE CORPORATION 

$1,000,000,000 
 6.125% Senior
Notes due 2024 
 INDENTURE 

Dated as of February 11, 2016 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. 

as Trustee 
  

 







 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1. DEFINITIONS AND INCORPORATION BY REFERENCE
	  	 	1	  
			
	 SECTION 1.01
	 	 DEFINITIONS.
	  	 	1	  
			
	 SECTION 1.02
	 	 OTHER DEFINITIONS.
	  	 	21	  
			
	 SECTION 1.03
	 	 INCORPORATION BY REFERENCE OF TRUST INDENTURE ACT.
	  	 	22	  
			
	 SECTION 1.04
	 	 RULES OF CONSTRUCTION.
	  	 	23	  
		
	 ARTICLE 2. THE NOTES
	  	 	23	  
			
	 SECTION 2.01
	 	 FORM GENERALLY.
	  	 	23	  
			
	 SECTION 2.02
	 	 EXECUTION, AUTHENTICATION DELIVERY AND DATING.
	  	 	24	  
			
	 SECTION 2.03
	 	 NOTES IN GLOBAL FORM.
	  	 	24	  
			
	 SECTION 2.04
	 	 AMOUNT OF NOTES.
	  	 	25	  
			
	 SECTION 2.05
	 	 REGISTRAR AND PAYING AGENT.
	  	 	25	  
			
	 SECTION 2.06
	 	 PAYING AGENT TO HOLD MONEY IN TRUST.
	  	 	26	  
			
	 SECTION 2.07
	 	 HOLDER LISTS.
	  	 	26	  
			
	 SECTION 2.08
	 	 REGISTRATION; REGISTRATION OF TRANSFER AND EXCHANGE.
	  	 	26	  
			
	 SECTION 2.09
	 	 REPLACEMENT NOTES.
	  	 	27	  
			
	 SECTION 2.10
	 	 OUTSTANDING NOTES.
	  	 	27	  
			
	 SECTION 2.11
	 	 TREASURY NOTES.
	  	 	28	  
			
	 SECTION 2.12
	 	 TEMPORARY NOTES.
	  	 	28	  
			
	 SECTION 2.13
	 	 CANCELLATION.
	  	 	28	  
			
	 SECTION 2.14
	 	 PAYMENT OF INTEREST; DEFAULTED INTEREST.
	  	 	28	  
			
	 SECTION 2.15
	 	 CUSIP OR ISIN NUMBERS.
	  	 	28	  
			
	 SECTION 2.16
	 	 ADDITIONAL NOTES.
	  	 	29	  
			
	 SECTION 2.17
	 	 RECORD DATE.
	  	 	29	  
			
	 SECTION 2.18
	 	 PERSONS DEEMED OWNERS.
	  	 	29	  
			
	 SECTION 2.19
	 	 COMPUTATION OF INTEREST.
	  	 	29	  
		
	 ARTICLE 3. REDEMPTION AND PREPAYMENT
	  	 	29	  
			
	 SECTION 3.01
	 	 NOTICES TO TRUSTEE.
	  	 	29	  
			
	 SECTION 3.02
	 	 SELECTION OF NOTES TO BE REDEEMED.
	  	 	30	  
			
	 SECTION 3.03
	 	 NOTICE OF REDEMPTION.
	  	 	30	  
			
	 SECTION 3.04
	 	 EFFECT OF NOTICE OF REDEMPTION.
	  	 	31	  
			
	 SECTION 3.05
	 	 DEPOSIT OF REDEMPTION PRICE.
	  	 	31	  
			
	 SECTION 3.06
	 	 NOTES REDEEMED IN PART.
	  	 	31	  


  
 i 









							
	 SECTION 3.07
	 	 MANDATORY REDEMPTION.
	  	 	31	  
			
	 SECTION 3.08
	 	 OFFER TO PURCHASE.
	  	 	31	  
			
	 SECTION 3.09
	 	 SPECIAL MANDATORY REDEMPTION.
	  	 	33	  
		
	 ARTICLE 4. COVENANTS
	  	 	34	  
			
	 SECTION 4.01
	 	 PAYMENT OF NOTES.
	  	 	34	  
			
	 SECTION 4.02
	 	 MAINTENANCE OF OFFICE OR AGENCY.
	  	 	35	  
			
	 SECTION 4.03
	 	 SEC REPORTS.
	  	 	35	  
			
	 SECTION 4.04
	 	 COMPLIANCE CERTIFICATE.
	  	 	35	  
			
	 SECTION 4.05
	 	 TAXES.
	  	 	36	  
			
	 SECTION 4.06
	 	 STAY, EXTENSION AND USURY LAWS.
	  	 	36	  
			
	 SECTION 4.07
	 	 CORPORATE EXISTENCE.
	  	 	36	  
			
	 SECTION 4.08
	 	 PAYMENTS FOR CONSENT.
	  	 	36	  
			
	 SECTION 4.09
	 	 INCURRENCE OF INDEBTEDNESS AND ISSUANCE OF PREFERRED STOCK.
	  	 	36	  
			
	 SECTION 4.10
	 	 RESTRICTED PAYMENTS.
	  	 	39	  
			
	 SECTION 4.11
	 	 LIENS.
	  	 	42	  
			
	 SECTION 4.12
	 	 ASSET SALES.
	  	 	42	  
			
	 SECTION 4.13
	 	 DIVIDEND AND OTHER PAYMENT RESTRICTIONS AFFECTING RESTRICTED SUBSIDIARIES.
	  	 	44	  
			
	 SECTION 4.14
	 	 AFFILIATE TRANSACTIONS.
	  	 	45	  
			
	 SECTION 4.15
	 	 DESIGNATION OF RESTRICTED AND UNRESTRICTED SUBSIDIARIES.
	  	 	46	  
			
	 SECTION 4.16
	 	 REPURCHASE AT THE OPTION OF HOLDERS UPON A CHANGE OF CONTROL.
	  	 	47	  
			
	 SECTION 4.17
	 	 LIMITATION ON ISSUANCES OF GUARANTEES OF INDEBTEDNESS.
	  	 	47	  
			
	 SECTION 4.18
	 	 COVENANT TERMINATION.
	  	 	48	  
			
	 SECTION 4.19
	 	 ESCROW AGREEMENT.
	  	 	48	  
			
	 SECTION 4.20
	 	 LIMITATIONS ON ACTIVITIES PRIOR TO THE ESCROW MERGER.
	  	 	49	  
		
	 ARTICLE 5. SUCCESSORS
	  	 	49	  
			
	 SECTION 5.01
	 	 MERGER, CONSOLIDATION OR SALE OF ASSETS
	  	 	49	  
			
	 SECTION 5.02
	 	 SUCCESSOR CORPORATION SUBSTITUTED.
	  	 	50	  
			
	 SECTION 5.03
	 	 ESCROW MERGER.
	  	 	50	  
		
	 ARTICLE 6. DEFAULTS AND REMEDIES
	  	 	51	  
			
	 SECTION 6.01
	 	 EVENTS OF DEFAULT.
	  	 	51	  
			
	 SECTION 6.02
	 	 ACCELERATION.
	  	 	52	  
			
	 SECTION 6.03
	 	 OTHER REMEDIES.
	  	 	52	  
			
	 SECTION 6.04
	 	 WAIVER OF DEFAULTS.
	  	 	52	  
			
	 SECTION 6.05
	 	 CONTROL BY MAJORITY.
	  	 	53	  


  
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	 SECTION 6.06
	 	 LIMITATION ON SUITS.
	  	 	53	  
			
	 SECTION 6.07
	 	 RIGHTS OF HOLDERS TO RECEIVE PAYMENT.
	  	 	53	  
			
	 SECTION 6.08
	 	 COLLECTION SUIT BY TRUSTEE.
	  	 	53	  
			
	 SECTION 6.09
	 	 TRUSTEE MAY FILE PROOFS OF CLAIM.
	  	 	53	  
			
	 SECTION 6.10
	 	 PRIORITIES.
	  	 	54	  
			
	 SECTION 6.11
	 	 UNDERTAKING FOR COSTS.
	  	 	54	  
		
	 ARTICLE 7. TRUSTEE
	  	 	54	  
			
	 SECTION 7.01
	 	 DUTIES OF TRUSTEE.
	  	 	54	  
			
	 SECTION 7.02
	 	 RIGHTS OF TRUSTEE.
	  	 	55	  
			
	 SECTION 7.03
	 	 INDIVIDUAL RIGHTS OF TRUSTEE.
	  	 	56	  
			
	 SECTION 7.04
	 	 TRUSTEE’S DISCLAIMER.
	  	 	56	  
			
	 SECTION 7.05
	 	 NOTICE OF DEFAULTS.
	  	 	57	  
			
	 SECTION 7.06
	 	 REPORTS BY TRUSTEE TO HOLDERS.
	  	 	57	  
			
	 SECTION 7.07
	 	 COMPENSATION AND INDEMNITY.
	  	 	57	  
			
	 SECTION 7.08
	 	 REPLACEMENT OF TRUSTEE.
	  	 	58	  
			
	 SECTION 7.09
	 	 SUCCESSOR TRUSTEE BY MERGER, ETC.
	  	 	59	  
			
	 SECTION 7.10
	 	 ELIGIBILITY; DISQUALIFICATION.
	  	 	59	  
			
	 SECTION 7.11
	 	 PREFERENTIAL COLLECTION OF CLAIMS AGAINST ISSUER.
	  	 	59	  
			
	 SECTION 7.12
	 	 ESCROW AGREEMENT.
	  	 	59	  
		
	 ARTICLE 8. LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	  	 	59	  
			
	 SECTION 8.01
	 	 OPTION TO EFFECT LEGAL DEFEASANCE OR COVENANT DEFEASANCE.
	  	 	59	  
			
	 SECTION 8.02
	 	 LEGAL DEFEASANCE AND DISCHARGE.
	  	 	59	  
			
	 SECTION 8.03
	 	 COVENANT DEFEASANCE.
	  	 	60	  
			
	 SECTION 8.04
	 	 CONDITIONS TO LEGAL OR COVENANT DEFEASANCE.
	  	 	60	  
			
	 SECTION 8.05
	 	 DEPOSITED CASH AND GOVERNMENT SECURITIES TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS.
	  	 	61	  
			
	 SECTION 8.06
	 	 REPAYMENT TO ISSUER.
	  	 	61	  
			
	 SECTION 8.07
	 	 REINSTATEMENT.
	  	 	62	  
		
	 ARTICLE 9. AMENDMENT, SUPPLEMENT AND WAIVER
	  	 	62	  
			
	 SECTION 9.01
	 	 WITHOUT CONSENT OF HOLDERS OF NOTES.
	  	 	62	  
			
	 SECTION 9.02
	 	 WITH CONSENT OF HOLDERS OF NOTES.
	  	 	63	  
			
	 SECTION 9.03
	 	 COMPLIANCE WITH TRUST INDENTURE ACT.
	  	 	64	  
			
	 SECTION 9.04
	 	 REVOCATION AND EFFECT OF CONSENTS.
	  	 	64	  
			
	 SECTION 9.05
	 	 NOTATION ON OR EXCHANGE OF NOTES.
	  	 	64	  
			
	 SECTION 9.06
	 	 TRUSTEE TO SIGN AMENDMENTS, ETC.
	  	 	64	  


  
 iii 









							
	 ARTICLE 10. SUBSIDIARY GUARANTEES
	  	 	65	  
			
	 SECTION 10.01
	 	 SUBSIDIARY GUARANTEE.
	  	 	65	  
			
	 SECTION 10.02
	 	 LIMITATION ON GUARANTOR LIABILITY.
	  	 	66	  
			
	 SECTION 10.03
	 	 EXECUTION AND DELIVERY OF SUBSIDIARY GUARANTEE.
	  	 	66	  
			
	 SECTION 10.04
	 	 GUARANTORS MAY CONSOLIDATE, ETC., ON CERTAIN TERMS.
	  	 	67	  
			
	 SECTION 10.05
	 	 RELEASES FOLLOWING MERGER, CONSOLIDATION OR SALE OF ASSETS, ETC.
	  	 	67	  
		
	 ARTICLE 11. SATISFACTION AND DISCHARGE
	  	 	68	  
			
	 SECTION 11.01
	 	 SATISFACTION AND DISCHARGE.
	  	 	68	  
			
	 SECTION 11.02
	 	 DEPOSITED CASH AND GOVERNMENT SECURITIES TO BE HELD IN TRUST; OTHER MISCELLANEOUS PROVISIONS.
	  	 	68	  
			
	 SECTION 11.03
	 	 REPAYMENT TO ISSUER.
	  	 	68	  
		
	 ARTICLE 12. MISCELLANEOUS
	  	 	69	  
			
	 SECTION 12.01
	 	 TRUST INDENTURE ACT CONTROLS.
	  	 	69	  
			
	 SECTION 12.02
	 	 NOTICES.
	  	 	69	  
			
	 SECTION 12.03
	 	 COMMUNICATION BY HOLDERS OF NOTES WITH OTHER HOLDERS OF NOTES
	  	 	70	  
			
	 SECTION 12.04
	 	 CERTIFICATE AND OPINION AS TO CONDITIONS PRECEDENT.
	  	 	70	  
			
	 SECTION 12.05
	 	 STATEMENTS REQUIRED IN CERTIFICATE OR OPINION.
	  	 	70	  
			
	 SECTION 12.06
	 	 RULES BY TRUSTEE AND AGENTS.
	  	 	71	  
			
	 SECTION 12.07
	 	 NO PERSONAL LIABILITY OF DIRECTORS, OFFICERS, EMPLOYEES AND STOCKHOLDERS.
	  	 	71	  
			
	 SECTION 12.08
	 	 GOVERNING LAW.
	  	 	71	  
			
	 SECTION 12.09
	 	 NO ADVERSE INTERPRETATION OF OTHER AGREEMENTS.
	  	 	71	  
			
	 SECTION 12.10
	 	 SUCCESSORS.
	  	 	71	  
			
	 SECTION 12.11
	 	 SEVERABILITY.
	  	 	71	  
			
	 SECTION 12.12
	 	 COUNTERPART ORIGINALS.
	  	 	71	  
			
	 SECTION 12.13
	 	 TABLE OF CONTENTS, HEADINGS, ETC.
	  	 	71	  
			
	 SECTION 12.14
	 	 QUALIFICATION OF THIS INDENTURE.
	  	 	71	  
			
	 SECTION 12.15
	 	 WAIVER OF JURY TRIAL.
	  	 	72	  
			
	 SECTION 12.16
	 	 FORCE MAJEURE.
	  	 	72	  
			
	 SECTION 12.17
	 	 SUBMISSION TO JURISDICTION.
	  	 	72	  
			
	 SECTION 12.18
	 	 FATCA WITHHOLDING.
	  	 	72	  


  
 iv 








 APPENDIX AND EXHIBITS 

 

					
	 RULE 144A/REGULATION S APPENDIX
	  	 	App. - 1	  
		
	 EXHIBIT A Form of Note
	  	 	Exhibit A	  
		
	 EXHIBIT B Form of Notation of Guarantee
	  	 	Exhibit B	  
		
	 EXHIBIT C Form of Supplemental Indenture—Assumption
	  	 	Exhibit C	  
		
	 EXHIBIT D Form of Supplemental Indenture—Subsidiary Guarantor
	  	 	Exhibit D	  
		
	 NOTE: This Table of Contents shall not, for any purpose, be deemed to be a part of this Indenture.
	  			


  
 v 








 CROSS-REFERENCE TABLE 

 

			
	 TIA Section Reference
	  	 Indenture Section

	 310(a)(1)
	  	7.10
	 (a)(2)
	  	7.10
	 (a)(3)
	  	N.A.
	 (a)(4)
	  	N.A.
	 (a)(5)
	  	7.10
	 (b)
	  	7.03, 7.08, 7.10
	 311(a)
	  	7.11
	 (b)
	  	7.11
	 312(a)
	  	2.07
	 (b)
	  	12.03
	 (c)
	  	12.03
	 313(a)
	  	7.06
	 (b)(1)
	  	N.A.
	 (b)(2)
	  	7.06
	 (c)
	  	7.06, 12.02
	 (d)
	  	7.06
	 314(a)
	  	4.03, 4.04, 12.02
	 314(b)
	  	N.A.
	 (c)(1)
	  	12.04
	 (c)(2)
	  	12.04
	 (c)(3)
	  	N.A.
	 (d)
	  	N.A.
	 (e)
	  	12.05
	 315(a)
	  	7.01
	 (b)
	  	7.05, 12.02
	 (c)
	  	7.01
	 (d)
	  	7.01
	 (e)
	  	6.11
	 316(a) (last sentence)
	  	2.11
	 (a)(1)(A)
	  	6.05
	 (a)(1)(B)
	  	6.04
	 (a)(2)
	  	N.A.
	 (b)
	  	6.07
	 317(a)(1)
	  	6.08
	 (a)(2)
	  	6.09
	 (b)
	  	2.06
	 318(a)
	  	12.01

 N.A. means Not Applicable. 

Note: This Cross-Reference Table shall not, for any purpose, be deemed to be part of this Indenture. 

  
 vi 








 This INDENTURE dated as of February 11, 2016, is by and between Centene Escrow Corporation
(the “Escrow Issuer”), a Delaware corporation and The Bank of New York Mellon Trust Company, N.A., a national banking association, as trustee (the “Trustee”). 

WHEREAS, all things and acts necessary to make this Indenture the legal, valid and binding obligation of the Escrow Issuer have been done.

 For and in consideration of the premises and purchase by the Holders (as defined herein) of (a) $1,000,000,000 aggregate principal
amount of the 6.125% Senior Notes due 2024 (the “Initial Notes”) issued on the Issue Date under this Indenture, (b) any Additional Notes (as defined herein) that may be issued after the Issue Date and (c) if and
when issued pursuant to a Registration Rights Agreement (as defined herein), the Exchange Notes (as defined herein, and together with the Initial Notes and any Additional Notes, the “Notes”), it is mutually covenanted and
agreed, for the equal and ratable benefit of the Holders of the Notes, as follows: 
 ARTICLE 1. 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01 Definitions. 

For all purposes of this Indenture, except as otherwise expressly provided or unless the context otherwise requires: 

“2021 Indenture” means the indenture dated as of February 11, 2016, among the Escrow Issuer and the Trustee. 

“2021 Notes” means the Escrow Issuer’s 5.625% senior notes due 2021 issued pursuant to the 2021 Indenture. 

“Acquired Debt” means, with respect to any specified Person: 

(1) Indebtedness of any other Person existing at the time such other Person is merged with or into or became a Subsidiary of
such specified Person, whether or not such Indebtedness is incurred in connection with, or in contemplation of, such other Person merging with or into, or becoming a Subsidiary of, such specified Person; and 

(2) Indebtedness secured by a Lien encumbering any asset acquired by such specified Person. 

“Additional Interest” means the additional interest that shall accrue on the Notes in accordance with the terms of a
Registration Rights Agreement if a Registration Default (as defined in the applicable Registration Rights Agreement) occurs. 

“Additional Notes” means, subject to the Issuer’s compliance with Section 4.09, any additional 6.125% Senior
Notes due 2024 issued from time to time after the Issue Date under the terms of this Indenture other than pursuant to Sections 2.08, 2.09, 2.12, 3.06 or 9.05 of this Indenture (it being understood that any Notes issued in exchange for or
replacement of any Initial Note issued on the Issue Date shall not be an Additional Note, including any Exchange Notes issued in a registered exchange offer pursuant to a Registration Rights Agreement). 

“Affiliate” of any specified Person means any other Person directly or indirectly controlling or controlled by or
under direct or indirect common control with such specified Person. For purposes of this definition, “control,” as used with respect to any Person, means the possession, directly or indirectly, of the power to direct or cause the direction
of the management or policies of such Person, whether through the ownership of voting securities, by agreement or otherwise. For purposes of this definition, the terms “controlling,” “controlled by” and “under common control
with” have correlative meanings. 
 “Agent” means any Registrar, co-registrar, Paying Agent or additional
paying agent. 







 “Applicable Premium” means, with respect to any Notes on any redemption
date, the greater of: 
 (1) 1.0% of the principal amount of such Note; or 

(2) the excess, if any, of 

(a) the present value at such redemption date of (i) the redemption price of such Note at February 15, 2019 (such
redemption price being set forth in paragraph 5 of the Note), plus (ii) all required interest payments due on such Note through February 15, 2019 (excluding accrued but unpaid interest to the redemption date), computed by the Company
using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points; over 
 (b) the then
outstanding principal amount of such Note as calculated by the Company or on behalf of the Company by such Person as the Company shall designate. 

“Applicable Procedures” means, with respect to any transfer, redemption or exchange of or for beneficial interests in
any Global Note, the rules and procedures of the Depositary that apply to such transfer, redemption or exchange. 
 “Asset
Sale” means (a) the sale, lease, transfer, conveyance or other disposition of any assets or rights, other than sales, leases, transfers, conveyances or other dispositions of inventory in the ordinary course of business consistent
with past practices; provided that the sale, conveyance or other disposition of all or substantially all of the assets of the Company and its Restricted Subsidiaries taken as a whole will be governed by the provisions of Section 4.16
and/or the provisions of Section 5.01 and not by the provisions of Section 4.12 hereof; and (b) the issuance of Equity Interests in any of the Company’s Restricted Subsidiaries or the sale of Equity Interests in any of its
Restricted Subsidiaries. 
 Notwithstanding the preceding, the following items will not be deemed to be Asset Sales: 

(1) any single transaction or series of related transactions that involves assets having a Fair Market Value of less than
$50.0 million; 
 (2) a sale, lease, transfer, conveyance or other disposition of assets between or among the Company
and its Restricted Subsidiaries; 
 (3) an issuance of Equity Interests by a Restricted Subsidiary to the Company or to
another Restricted Subsidiary; 
 (4) a sale, lease, transfer, conveyance or other disposition effected in compliance with
Section 5.01; 
 (5) a Restricted Payment or Permitted Investment that is permitted by Section 4.10; 

(6) the disposition of Equity Interests in Permitted Joint Ventures; provided that the Company maintains ownership of at
least 35.0% of the outstanding Equity Interests in the applicable Permitted Joint Venture and control (as such term is defined in Section 405 under the Securities Act) over the operations of the applicable Permitted Joint Venture; 

(7) the disposition of property, assets or equipment that are obsolete, damaged or worn out or that are no longer useful in the
conduct of the Company or its Subsidiaries’ business and that are disposed of in the ordinary course of business; 
 (8)
a Sale/Leaseback Transaction, provided that at least 75.0% of the consideration paid to the Company or the Restricted Subsidiary for such Sale/Leaseback Transaction consists of cash received at closing; 

(9) the disposition of Receivables and Related Assets in a Qualified Securitization Transaction; 

  
 2 








 (10) any substantially contemporaneous (and in any event occurring within 180
days of each other) purchase and sale or exchange of any properties or assets or interests used or useful in a Permitted Business between the Company or any of its Restricted Subsidiaries and another Person; 

(11) the sale or disposition of the real property owned by the Company or its Restricted Subsidiaries on the Issue Date,
including the Company’s existing office building located at 7700 Forsyth Boulevard, Clayton, Missouri; 
 (12) the
lease, assignment, or sublease of real or personal property in the ordinary course of business; 
 (13) the foreclosure,
condemnation, eminent domain or similar action on assets; 
 (14) the grant of any non-exclusive license or sub-licenses of
patents, trademarks, know-how or any other intellectual property in the ordinary course of business; and 
 (15) the
surrender or waiver of contract rights or the settlement, release or surrender of contract, tort or other claims of any kind. 

“Assumption” means the consummation of the transactions whereby the Company will assume all of the obligations of the
Escrow Issuer under the Notes and the Indenture pursuant to a supplemental indenture and any other agreements. 
 “Assumption
Date” means the date of the consummation of the First Merger and the Assumption. 
 “Bankruptcy Law”
means Title 11, U.S. Code or any similar federal or state law for the relief of debtors, or the law of any other jurisdiction (domestic or foreign) relating to bankruptcy, insolvency, winding up, liquidation, reorganization or relief of debtors.

 “Beneficial Owner” has the meaning assigned to such term in Rule 13d-3 and Rule 13d-5 under the Exchange Act,
except that in calculating the beneficial ownership of any particular “person” or “group” (as those terms are used in Section 13(d)(3) and Section 14(d) of the Exchange Act, respectively), such “person” or
“group,” as the case may be, will be deemed to have beneficial ownership of all securities that such “person” or “group” has the right to acquire by conversion or exercise of other securities, whether such right is
currently exercisable or is exercisable only upon the occurrence of a subsequent condition. 
 “Board of Directors”
means: 
 (1) with respect to a corporation, the board of directors of the corporation; 

(2) with respect to a partnership, the Board of Directors of the general partner of the partnership; 

(3) with respect to a limited liability company, the managing member or members, any controlling committee of managing members
or other governing body thereof; and 
 (4) with respect to any other Person, the board or committee of such Person serving a
similar function. 
 “Board Resolution” of a Person means a copy of a resolution certified by the secretary or an
assistant secretary (or individual performing comparable duties) of the applicable Person to have been duly adopted by the Board of Directors of such Person and to be in full force and effect on the date of such certification, and delivered to the
Trustee. 
 “Business Day” means any day other than a Legal Holiday. 

“Capital Lease Obligation” means, at the time any determination is to be made, the amount of the liability in respect
of a capital lease that would at that time be required to be capitalized on a balance sheet in accordance with GAAP, and the Stated Maturity thereof shall be the date of the last payment of rent or any other amount due under such lease prior to the
first date upon which such lease may be prepaid by the lessee without payment of a penalty. For the avoidance of doubt, Capital Lease Obligations shall not include any former operating leases which became capital leases solely as a result of changes
in lease accounting under GAAP subsequent to the Issue Date. 

  
 3 








 “Capital Stock” means: 

(1) in the case of a corporation, corporate stock; 

(2) in the case of an association or business entity, any and all shares, interests, participations, rights or other
equivalents (however designated) of corporate stock; 
 (3) in the case of a partnership or limited liability company,
partnership interests (whether general or limited) or membership interests; and 
 (4) any other interest or participation
that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person, but excluding from all of the foregoing any debt securities convertible into Capital Stock, whether or not such
debt securities include any right of participation with Capital Stock. 
 “Cash Equivalents” means: 

(1) Dollars; 

(2) securities issued or directly and fully guaranteed or insured by the United States government or any agency or
instrumentality of the United States government (provided that the full faith and credit of the United States is pledged in support of those securities) having maturities of not more than one year from the date of acquisition; 

(3) certificates of deposit, demand deposits and eurodollar time deposits with maturities of one year or less from the date of
acquisition, bankers’ acceptances with maturities not exceeding one year and overnight bank deposits, in each case, with any commercial bank having capital and surplus in excess of $250.0 million; 

(4) repurchase obligations with a term of not more than seven days for underlying securities of the types described in clauses
(2) and (3) of this definition entered into with any financial institution meeting the qualifications specified in clause (3) of this definition; 

(5) commercial paper rated at least A-1 by S&P or at least P-1 by Moody’s and in each case maturing within one year
after the date of acquisition; 
 (6) readily marketable direct obligations issued by any state of the United States or any
political subdivision thereof having one of the two highest rating categories obtainable from either Moody’s or S&P (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent rating from another
internationally recognized ratings agency) with maturities of one year or less from the date of acquisition; and 
 (7) money
market or mutual funds substantially all of the assets of which constitute Cash Equivalents of the kinds described in clauses (1) through (6) of this definition. 

“Centene Plaza Phase II Project” means the development and construction of an office building complex project by the
Centene Plaza Phase II Subsidiary. 
 “Centene Plaza Phase II Subsidiary” means the wholly-owned subsidiary of the
Company that will be the initial developer of the Centene Plaza Phase II Project. 
 “Centene Plaza Project” means
the development and construction of an office building complex project by the Centene Plaza Subsidiary to be used as the Company’s headquarters and located at the 7700 block of Forsyth Boulevard in Clayton, Missouri. 

“Centene Plaza Subsidiary” means the wholly-owned subsidiary of the Company named Centene Center LLC, a Delaware
limited liability company. 

  
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 “Change of Control” means the occurrence of any of the following: 

(1) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in
one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries, taken as a whole, to any “person” or “group” (as such terms are used in Sections
13(d)(3) and 14(d) of the Exchange Act, respectively); 
 (2) the adoption of a plan relating to the liquidation or
dissolution of the Company; 
 (3) the consummation of any transaction (including, without limitation, any merger or
consolidation) the result of which is that any “person” or “group” (as defined above) becomes the Beneficial Owner, directly or indirectly, of more than 35.0% of the Voting Stock of the Company, measured by voting power rather
than number of shares; 
 (4) the first day on which a majority of the members of the Board of Directors of the Company are
not Continuing Directors; or 
 (5) the Company consolidates with, or merges with or into, any Person, or any Person
consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or such other Person is converted into or exchanged for cash, securities or other
property, other than any such transaction where the Voting Stock of the Company outstanding immediately prior to such transaction is converted into or exchanged for Voting Stock (other than Disqualified Stock) of the surviving or transferee Person
constituting a majority of the outstanding shares of such Voting Stock of such surviving or transferee Person (immediately after giving effect to such issuance). 

For the avoidance of doubt, neither the Assumption nor the Escrow Merger shall constitute a Change of Control. 

“Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Company” means Centene Corporation, and any successor thereto. 

“Company Order” means a written order signed in the name of the Issuer by an Officer and delivered to the Trustee or,
with respect to Sections 2.02, 2.08, 2.09, 2.12 and 9.05 any other employee of the Issuer named in an Officers’ Certificate delivered to the Trustee. 

“Consolidated Cash Flow” means, with respect to any specified Person for any period, the Consolidated Net Income of
such Person for such period plus: 
 (1) provision for taxes based on income or profits of such Person and its
Restricted Subsidiaries for such period, to the extent that such provision for taxes was deducted in computing such Consolidated Net Income; plus 

(2) consolidated interest expense of such Person and its Restricted Subsidiaries for such period, whether paid or accrued and
whether or not capitalized (including, without limitation, amortization of debt issuance costs and original issue discount, non-cash interest payments, the interest component of any deferred payment obligations, the interest component of all
payments associated with Capital Lease Obligations, commissions, discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings, and net of the effect of all payments made or received pursuant to
Hedging Obligations), to the extent that any such expense was deducted in computing such Consolidated Net Income; plus 

(3) depreciation, amortization (including amortization of goodwill and other intangibles but excluding amortization of prepaid
cash expenses that were paid in a prior period) and other non-cash expenses (excluding any such non-cash expense to the extent that it represents an accrual of or reserve for expenses to be paid in cash in any future period) of such Person and its
Restricted Subsidiaries for such period, to the extent that such depreciation, amortization and other non-cash expenses were deducted in computing such Consolidated Net Income; plus 

  
 5 








 (4) an amount equal to any extraordinary, unusual or non-recurring loss plus any
net loss realized by such Person or any of its Restricted Subsidiaries in connection with an Asset Sale (without regard to the dollar limitation in the definition thereof), to the extent such losses were deducted in computing such Consolidated Net
Income; plus 
 (5) severance payments related to management employment contracts, non-cash stock-based compensation
expense and net income attributable to non-controlling interests in the Company’s non-wholly-owned Subsidiaries; plus 

(6) any impairment charge or asset write-off pursuant to Financial Accounting Standards Board – Accounting Standards
Codification topics 360 and 350 or any successor pronouncement; minus 
 (7) non-cash items increasing such
Consolidated Net Income for such period, other than the accrual of revenue in the ordinary course of business, in each case, on a consolidated basis and determined in accordance with GAAP. 

“Consolidated Net Income” means, with respect to any Person for any period, the consolidated Net Income of such Person
and its Restricted Subsidiaries determined in accordance with GAAP; provided, however, that there will not be included in such Consolidated Net Income: 

(1) any Net Income (loss) of any Person if such Person is not a Restricted Subsidiary except that: 

(a) subject to the limitations contained in clauses (2) and (3) of this definition, the Company’s equity in the
Net Income of any such Person for such period will be included in such Consolidated Net Income up to the aggregate amount of cash actually distributed by such Person during such period to the Company or a Restricted Subsidiary as a dividend or other
distribution; and 
 (b) the Company’s equity in a net loss of any such Person (other than an Unrestricted Subsidiary)
for such period will be included in determining such Consolidated Net Income to the extent such loss has been funded with cash from the Company or a Restricted Subsidiary; 

(2) Net Income or loss of any Person for any period prior to the acquisition of such Person by the Company or a Restricted
Subsidiary, or the Net Income or loss of any Person who succeeds to the obligations of the Company under this Indenture for any period prior to such succession; and 

(3) the cumulative effect of a change in accounting principles. 

“Consolidated Total Assets” means, as of the date of any determination thereof, the total assets of the Company and
its Restricted Subsidiaries calculated in accordance with GAAP on a consolidated basis as of such date. 
 “Continuing
Directors” means, as of any date of determination, any member of the Board of Directors of the Company who: 

(1) was a member of such Board of Directors on the Issue Date; or 

(2) was nominated for election or elected to such Board of Directors with the approval of a majority of the Continuing
Directors who were members of such Board of Directors at the time of such nomination or election. 
 “Corporate Trust Office of
the Trustee” shall be at the address of the Trustee specified in Section 12.02 hereof, or such other address as to which the Trustee may give notice to the Issuer. 

“Credit Facilities” means, one or more debt facilities or agreements (including, without limitation, the Existing
Revolving Credit Facility and the New Revolving Credit Facility) note purchase agreements, indentures or commercial paper facilities, in each case with banks or other institutional lenders or investors providing for revolving credit loans, term
loans, receivables financing (including through the sale of receivables to such lenders or to special purpose entities formed to borrow from such lenders against such receivables), debt securities, notes or letters of credit, in each case, as
amended, restated, modified, renewed, refunded, replaced or refinanced (including 

  
 6 








 
any agreement to extend the maturity thereof and adding additional borrowers or guarantors and by means of sales of debt securities to institutional investors) in whole or in part from time to
time under the same or any other agent, lender or group of lenders, underwriter or group of underwriters and including increasing the amount of available borrowings thereunder; provided that such increase is permitted by Section 4.09
hereof. 
 “Custodian” means, with respect to the Notes issuable or issued in whole or in part in global form, the
Person specified in Section 2.05 as Custodian with respect to the Notes, and any and all successors thereto appointed as custodian hereunder and having become such pursuant to the applicable provisions of this Indenture. 

“Default” means any event that is, or with the passage of time or the giving of notice or both would be, an Event of
Default. 
 “Definitive Note” means a certificated Note registered in the name of the Holder thereof and issued in
accordance with Sections 2.08 or 2.12 hereof, in substantially the form of Exhibit A hereto except that such Note shall not bear the Global Note legend set forth in Exhibit A and shall not have the “Schedule of Exchanges of
Interests in the Global Note” attached thereto. 
 “Depositary” means, with respect to the Notes issuable or
issued in whole or in part in global form, the Person specified in Section 2.05 hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as Depositary hereunder and having become such pursuant to the
applicable provisions of this Indenture. 
 “Designated Non-cash Consideration” means any non-cash consideration
received by the Company or one of its Restricted Subsidiaries in connection with an Asset Sale that is designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate setting forth the basis of such valuation, less the
amount of cash or Cash Equivalents received in connection with a subsequent sale of such Designated Non-cash Consideration. 

“Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it is
convertible, or for which it is exchangeable, in each case at the option of the holder of the Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable
at the option of the holder of the Capital Stock, in whole or in part, on or prior to the date that is 91 days after the date on which the Notes mature. Notwithstanding the preceding sentence, any Capital Stock that would constitute Disqualified
Stock solely because the holders of the Capital Stock have the right to require the Company to repurchase such Capital Stock upon the occurrence of a Change of Control or an Asset Sale will not constitute Disqualified Stock if the terms of such
Capital Stock provide that the Company may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such repurchase or redemption complies with Section 4.10 hereof. 

“Dollars” and the sign “$” mean the lawful money of the United States of America. 

“Escrow Agent” means Regions Bank, in its capacity as the escrow agent appointed and authorized under the Escrow
Agreement, and any successor thereto in such capacity. 
 “Escrow Agreement” means the Escrow Agreement dated as of
February 11, 2016, by and among the Escrow Issuer, The Bank of New York Mellon Trust Company, N.A., as Trustee under this Indenture and Secured Party (as defined therein), and the Escrow Agent. 

“Escrow Issuer” means Centene Escrow Corporation, and any successor thereto. 

“Escrow Merger” means the merger of the Escrow Issuer with and into the Company, with the Company continuing as the
surviving corporation on the Assumption Date. 
 “Equity Interests” means Capital Stock and all warrants, options or
other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock). 

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

  
 7 








 “Exchange Notes” means (a) the 6.125% Senior Notes due 2024 issued
pursuant to this Indenture in exchange for, and in an aggregate principal amount equal to, Initial Notes, pursuant to a Registration Rights Agreement and (b) Additional Notes, if any, issued pursuant to this Indenture pursuant to a registration
statement filed with the SEC under the Securities Act. 
 “Existing Revolving Credit Facility” means the Amended and
Restated Credit Agreement, dated as of May 21, 2013, among the Company, as borrower, the various financial institutions named therein, as lenders, and Barclays Bank PLC, as administrative agent including any related notes, Guarantees,
collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from time to time, whether or not with the same
lenders or agent. 
 “Existing Indebtedness” means Indebtedness existing on the Issue Date (other than Indebtedness
under this Indenture, the 2021 Indenture, the Existing Revolving Credit Facility and the New Revolving Credit Facility). 
 “Fair
Market Value” means, with respect to any Asset Sale or Restricted Payment or other item, the price that would be negotiated in an arm’s-length transaction for cash between a willing seller and a willing and able buyer, neither of
which is under any compulsion to complete the transaction, as such price is determined in good faith by an officer of the Company. 

“First Merger” means the merger of Merger Sub I with and into Health Net, with Health Net continuing as the surviving
corporation and a direct wholly-owned Subsidiary of the Company, pursuant to the Merger Agreement. 
 “Fixed Charge Coverage
Ratio” means with respect to any specified Person for any period, the ratio of the Consolidated Cash Flow of such Person and its Restricted Subsidiaries for such period to the Fixed Charges of such Person and its Restricted Subsidiaries
for such period. In the event that the specified Person or any of its Restricted Subsidiaries incurs, assumes, guarantees, repays, repurchases or redeems any Indebtedness (other than ordinary working capital borrowings) or issues, repurchases or
redeems preferred stock subsequent to the commencement of the period for which the Fixed Charge Coverage Ratio is being calculated and on or prior to the date on which the event for which the calculation of the Fixed Charge Coverage Ratio is made
(the “Calculation Date”), then the Fixed Charge Coverage Ratio will be calculated giving pro forma effect to such incurrence, assumption, guarantee, repayment, repurchase or redemption of Indebtedness, or such issuance,
repurchase or redemption of preferred stock, and the use of the proceeds therefrom as if the same had occurred at the beginning of the applicable four-quarter reference period. 

In addition, for purposes of calculating the Fixed Charge Coverage Ratio: 

(1) acquisitions that have been made by the specified Person or any of its Restricted Subsidiaries, including through mergers
or consolidations and including any related financing transactions, during the four-quarter reference period or subsequent to such reference period and on or prior to the Calculation Date will be given pro forma effect as if they had occurred on the
first day of the four-quarter reference period; 
 (2) the Consolidated Cash Flow attributable to discontinued operations, as
determined in accordance with GAAP, and operations or businesses disposed of prior to the Calculation Date, will be excluded; and 

(3) the Fixed Charges attributable to discontinued operations, as determined in accordance with GAAP, and operations or
businesses disposed of prior to the Calculation Date, will be excluded, but only to the extent that the obligations giving rise to such Fixed Charges will not be obligations of the specified Person or any of its Restricted Subsidiaries following the
Calculation Date. 
 For purposes of this definition, whenever pro forma effect is to be given to an Investment, acquisition, disposition,
merger or consolidation and the amount of income or earnings relating thereto, the pro forma calculations shall be determined in good faith by a responsible financial or accounting officer of the Company and such pro forma calculations may include
operating expense reductions for such period resulting from the transaction which is being given pro forma effect that (A) have been realized or (B) for which the steps necessary for realization have been taken (or are taken concurrently
with such transaction) or (C) for which the steps necessary for realization 

  
 8 








 
are reasonably expected to be taken within the twelve-month period following such transaction and, in each case, including, but not limited to, (a) reduction in personnel expenses,
(b) reduction of costs related to administrative functions, (c) reduction of costs related to leased or owned properties, (d) reductions from the consolidation of operations and streamlining of corporate overhead and (e) cost
savings, operating expense reductions and other operating improvements or synergies. If any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated as if the rate in
effect on the Calculation Date had been the applicable rate for the entire period (taking into account any Hedging Obligations applicable to such Indebtedness if the related hedge has a remaining term in excess of twelve months). 

Interest on a Capital Lease Obligation shall be deemed to accrue at the interest rate reasonably determined by a responsible financial or
accounting officer of the Company to be the rate of interest implicit in such Capital Lease Obligation in accordance with GAAP. For purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit facility
computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or
similar rate, a eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Company may designate. 

“Fixed Charges” means, with respect to any specified Person for any period, the sum, without duplication, of: 

(1) the consolidated interest expense of such Person and its Restricted Subsidiaries for such period, whether paid or accrued,
including, without limitation, amortization of debt issuance costs and original issue discount, non-cash interest payments, the interest component of any deferred payment Obligations, the interest component of all payments associated with Capital
Lease Obligations, commissions, discounts and other fees and charges incurred in respect of letter of credit or bankers’ acceptance financings, and net of the effect of all payments made or received pursuant to Hedging Obligations; plus

 (2) the consolidated interest expense of such Person and its Restricted Subsidiaries that was capitalized during such
period; plus 
 (3) any interest expense on Indebtedness of another Person that is guaranteed by such Person or one of
its Restricted Subsidiaries or secured by a Lien on assets of such Person or one of its Restricted Subsidiaries, whether or not such Guarantee or Lien is called upon; plus 

(4) the product of (a) all dividends, whether paid or accrued and whether or not in cash, on any series of preferred stock
of such Person or any of its Restricted Subsidiaries, other than dividends on Equity Interests payable (x) solely in Equity Interests of the Company (other than Disqualified Stock) or (y) to the Company or a Restricted Subsidiary of the
Company, times (b) a fraction, the numerator of which is one and the denominator of which is one minus the then current combined federal, state and local statutory tax rate of such Person, expressed as a decimal, in each case, on a consolidated
basis and in accordance with GAAP. 
 “Foreign Restricted Subsidiary” means any Restricted Subsidiary that is not
formed under the laws of the United States of America or any State thereof. 
 “GAAP” means generally accepted
accounting principles set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such
other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect on the Issue Date. 

“Global Note” or “Global Notes” means the Notes in the form established pursuant to
Section 2.03 hereof, evidencing all or part of the Notes issued to the Depositary or its nominee and registered in the name of such Depositary or nominee. 

“Government Securities” means direct Obligations of, or Obligations guaranteed by (or certificates representing an
ownership interest in such Obligations), the United States of America (including any agency or instrumentality thereof) for the payment of which the full faith and credit of the United States of America is pledged and which are not callable or
redeemable at the Company’s option. 

  
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 “Guarantee” means, with respect to any Person, any obligation, contingent
or otherwise, of such Person directly or indirectly guaranteeing any Indebtedness or other obligation of any other Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such
Person: 
 (1) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other
obligation of such other Person (whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial statement conditions or otherwise); or

 (2) entered into for purposes of assuring in any other manner the obligee of such Indebtedness or other obligation of the
payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); 
 provided that the term “guarantee”
shall not include endorsements for collection or deposit in the ordinary course of business. The term “guarantee” used as a verb has a corresponding meaning. 

“Guarantor” means any Subsidiary that executes a Subsidiary Guarantee in accordance with the provisions of this
Indenture and its respective successors and assigns. 
 “Health Net” means Health Net, Inc., a Delaware
corporation. 
 “Hedging Obligations” means, with respect to the Company or any of its Restricted Subsidiaries, the
obligations of such Person under interest rate swap agreements, interest rate cap agreements and interest rate collar agreements and other agreements or arrangements designed to either (a) protect such Person against fluctuations in interest
rates with respect to any floating rate Indebtedness that is permitted to be incurred under this Indenture or (b) transform fixed rate Indebtedness that is permitted to be incurred under this Indenture to a floating rate liability or other
obligation. 
 “Holder” means a Person in whose name a Note is registered in the Note Register. 

“Indebtedness” means, with respect to any specified Person, any indebtedness of such Person, whether or not
contingent: 
 (1) in respect of borrowed money; 

(2) evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect
thereof), but excluding letters of credit and surety bonds entered into in the ordinary course of business to the extent such letters of credit or surety bonds are not drawn upon; 

(3) in respect of banker’s acceptances; 

(4) representing Capital Lease Obligations; 

(5) representing the balance deferred and unpaid of the purchase price of any property or services, except any such balance
that constitutes an accrued expense or Trade Payable; 
 (6) representing any Hedging Obligations; or 

(7) Disqualified Stock of such Person or a Restricted Subsidiary in an amount equal to the greater of the maximum mandatory
redemption or repurchase price (not including, in either case, any redemption or repurchase premium) or the liquidation preference thereof, 
 if and to the
extent any of the preceding items (other than letters of credit and Hedging Obligations) would appear as a liability upon a balance sheet of the specified Person prepared in accordance with GAAP. In addition, the term “Indebtedness”
includes all Indebtedness of others secured by a Lien on any asset of the specified Person (whether or not such Indebtedness is assumed by the specified Person) and, to the extent not otherwise included, the


  
 10 








 
Guarantee by the specified Person of any Indebtedness of any other Person. For the avoidance of doubt, to the extent any Indebtedness incurred in connection with the Centene Plaza Project and the
Centene Plaza Phase II Project appears as a liability on the balance sheet of the Company or one of its Restricted Subsidiaries and is non-recourse to the Company and its Restricted Subsidiaries, such Indebtedness will not constitute
“Indebtedness” for all purposes under this Indenture. 
 The amount of any Indebtedness outstanding as of any date will be: 

(a) the accreted value of the Indebtedness, in the case of any Indebtedness issued with original issue discount; and 

(b) the principal amount of the Indebtedness, together with any interest on the Indebtedness that is more than 30 days past
due, in the case of any other Indebtedness. 
 “Indenture” means this instrument, as originally executed or as it
may from time to time be supplemented or amended in accordance with Article 9 hereof. 
 “Independent Financial
Advisor” means an independent accounting, appraisal or investment banking firm or consultant, (i) in the case of real estate or in foreign jurisdictions, that is, in the good faith determination of the Company, qualified to perform
the task for which it has been engaged and (ii) in each other case, of nationally recognized standing and, in the good faith determination of the Company, qualified to perform the task for which it has been engaged. 

“Indirect Obligation” means, with respect to any Person, each obligation and liability of such Person, and all such
obligations and liabilities of such Person, incurred pursuant to any agreement, undertaking or arrangement by which such Person: (a) guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement,
contingent or otherwise, to provide funds for payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the indebtedness, dividend, obligation or other liability of any other Person in any
manner (other than by endorsement of instruments in the course of collection), including any indebtedness, dividend or other obligation which may be issued or incurred at some future time; (b) guarantees the payment of dividends or other
distributions upon the Capital Stock of any other Person; (c) undertakes or agrees (whether contingently or otherwise): (i) to purchase, repurchase, or otherwise acquire any indebtedness, obligation or liability of any other Person or any
property or assets constituting security therefor, (ii) to advance or provide funds for the payment or discharge of any indebtedness, obligation or liability of any other Person (whether in the form of loans, advances, stock purchases, capital
contributions or otherwise), or to maintain solvency, assets, level of income, working capital or other financial condition of any other Person, or (iii) to make payment to any other Person other than for value received; (d) agrees to
lease property or to purchase securities, property or services from such other Person with the purpose or intent of assuring the owner of such indebtedness or obligation of the ability of such other Person to make payment of the indebtedness or
obligation; (e) to induce the issuance of, or in connection with the issuance of, any letter of credit for the benefit of such other Person; or (f) undertakes or agrees otherwise to assure a creditor against loss. The amount of any
Indirect Obligation shall (subject to any limitation set forth herein) be deemed to be the outstanding principal amount (or maximum permitted principal amount, if larger) of the indebtedness, obligation or other liability guaranteed or supported
thereby. 
 “Interest Payment Dates” shall have the meaning set forth in paragraph 1 of each Note. 

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s or BBB- (or
the equivalent) by S&P in each case, with a stable or better outlook. 
 “Investments” means, with respect to
any Person, all direct or indirect investments by such Person in other Persons (including Affiliates) in the forms of loans (including Guarantees or other obligations), advances or capital contributions (excluding commission, travel and similar
advances, fees and compensation paid to officers, directors and employees made in the ordinary course of business), purchases or other acquisitions for consideration of Indebtedness, Equity Interests or other securities, together with all items that
are or would be classified as investments on a balance sheet prepared in accordance with GAAP. If the Company or any Subsidiary of the Company sells or otherwise disposes of any Equity Interests of any direct or indirect Subsidiary of the Company
such that, after giving effect to any such sale or disposition, such Person is no longer a Subsidiary of the Company, 

  
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the Company will be deemed to have made an Investment on the date of any such sale or disposition equal to the Fair Market Value of the Investment in such Subsidiary not sold or disposed of in an
amount determined as provided in Section 4.10(c) hereof. The acquisition by the Company or any Subsidiary of the Company of a Person that holds an Investment in a third Person will be deemed to be an Investment by the Company or such Subsidiary
in such third Person in an amount equal to the Fair Market Value of the Investment held by the acquired Person in such third Person in an amount determined as provided in Section 4.10(c) hereof. Except as otherwise provided in this Indenture,
the amount of an Investment will be determined at the time the Investment is made and without giving effect to subsequent changes in value. 

“Issue Date” means February 11, 2016. 

“Issuer” means the Escrow Issuer, prior to the consummation of the Assumption, and the Company, upon consummation of
the Assumption, until a successor replaces the Company pursuant to the applicable provisions of this Indenture and thereafter the “Issuer” shall mean such successor. 

“Legal Holiday” means a Saturday, a Sunday or a day on which banking institutions in the City of New York, the city in
which the Corporate Trust Office of the Trustee is located or any other place of payment on the Notes are authorized by law, regulation or executive order to remain closed. 

“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any
kind in respect of such asset, whether or not filed, recorded or otherwise perfected under applicable law, including any conditional sale or other title retention agreement, any lease in the nature thereof, any option or other agreement to sell or
give a security interest in and any filing of or agreement to give any financing statement under the Uniform Commercial Code (or equivalent statutes) of any jurisdiction. 

“Limited Originator Recourse” means a reimbursement obligation of the Company in connection with a drawing on a letter
of credit, revolving loan commitment, cash collateral account or other such credit enhancement issued to support Indebtedness of a Securitization Subsidiary that the Company’s Board of Directors (or a duly authorized committee thereof)
determines is necessary to effectuate a Qualified Securitization Transaction; provided that the available amount of any such form of credit enhancement at any time shall not exceed 10% of the aggregate principal amount of such Indebtedness at
such time; and provided, further, that such reimbursement obligation is permitted to be incurred by the Company pursuant to Section 4.09 hereof. 

“Merger Agreement” means the Agreement and Plan of Merger, dated as of July 2, 2015, among the Company, Merger
Sub I, Merger Sub II and Health Net, as amended, restated or modified (in whole or in part) from time to time. 
 “Merger Sub
I” means Chopin Merger Sub I, Inc., a Delaware corporation. 
 “Merger Sub II” means Chopin Merger Sub
II, Inc., a Delaware corporation. 
 “Mergers” means the First Merger and the Second Merger. 

“Moody’s” means Moody’s Investors Service, Inc. or any successor to the rating agency business thereof. 

“Net Income” means, with respect to any specified Person, the net income (loss) of such Person, determined in
accordance with GAAP and before any reduction in respect of preferred stock dividends, excluding, however: 
 (1) any gain
(but not loss), together with any related provision for taxes on such gain (but not loss), realized in connection with: (a) any Asset Sale; or (b) the disposition of any securities by such Person or any of its Restricted Subsidiaries or
the extinguishment of any Indebtedness of such Person or any of its Restricted Subsidiaries; and 
 (2) any extraordinary
gain (but not loss), together with any related provision for taxes on such extraordinary gain (but not loss). 

  
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 “Net Proceeds” means the aggregate cash or Cash Equivalents received by
the Company or any of its Restricted Subsidiaries in respect of any Asset Sale (including, without limitation, any cash received upon the sale or other disposition of any non-cash consideration received in any Asset Sale), net of (1) the direct
costs relating to such Asset Sale, including, without limitation, legal, accounting and investment banking fees, sales commissions and any relocation expenses incurred as a result of the Asset Sale, (2) taxes paid or payable as a result of the
Asset Sale, in each case, after taking into account any available tax credits or deductions and any tax sharing arrangements, (3) amounts (a) required to be applied to the repayment of Indebtedness secured by a Lien on the asset or assets
that were the subject of such Asset Sale and (b) required to be paid as a result of such sale and (4) any reserve established in accordance with GAAP against liabilities associated with such Asset Sale or any amount placed in escrow for
adjustment in respect of the purchase price of such Asset Sale, until such time as such reserve is reversed or such escrow arrangement is terminated, in which case Net Proceeds shall be increased by the amount of the reserve so reversed or the
amount returned to the Company or its Restricted Subsidiaries from such escrow agreement, as the case may be. 
 “New Revolving
Credit Facility” means the Credit Agreement, to be dated on or about the Assumption Date, among the Company, the various financial institutions party thereto, as lenders, and Wells Fargo Bank, National Association, as Administrative
Agent, including any related notes, Guarantees, collateral documents, instruments and agreements executed in connection therewith, and in each case as amended, restated, modified, renewed, refunded, replaced or refinanced (in whole or in part) from
time to time, whether or not with the same lenders or agent. 
 “NML Loan” means a certain loan in the original
principal amount of $80,000,000 from The Northwestern Mutual Life Insurance Company to the Centene Plaza Subsidiary secured by various collateral, including but not limited to the interest of the Centene Plaza Subsidiary in the Centene Plaza
Project. 
 “Non-Recourse Debt” means Indebtedness: 

(1) as to which neither the Company nor any of its Restricted Subsidiaries (a) provides credit support of any kind
(including any undertaking, agreement or instrument that would constitute Indebtedness), (b) is directly or indirectly liable as a guarantor or otherwise, or (c) constitutes the lender; 

(2) no default with respect to which (including any rights that the holders thereof may have to take enforcement action against
an Unrestricted Subsidiary) would permit upon notice, lapse of time or both, any holder of any other Indebtedness (other than the Notes) of the Company or any of its Restricted Subsidiaries to declare a default on such other Indebtedness or cause
the payment thereof to be accelerated or payable prior to its Stated Maturity; and 
 (3) as to which the lenders have been
notified in writing that they will not have any recourse to the stock or assets of the Company or any of its Restricted Subsidiaries. 

“Notes” means the Initial Notes, any Additional Notes and the Exchange Notes. 

“Obligations” means any principal, premium, if any, interest (including interest accruing on or after the filing of,
or which would have accrued but for the filing of, any petition in bankruptcy or for reorganization relating to the issuer whether or not a claim for post filing interest is allowed in such proceedings), penalties, fees, expenses, indemnifications,
reimbursements (including, without limitation, reimbursement obligations with respect to letters of credit and bankers’ acceptances), damages and other liabilities payable under the documentation governing any Indebtedness. 

“Offering Memorandum” means the Offering Memorandum dated as of January 28, 2016 related to the offer and sale of
the Initial Notes. 
 “Officer” means the Chief Executive Officer, the President, the Chief Financial Officer, any
Executive Vice President or any Senior Vice President of the Issuer. 
 “Officers’ Certificate” means a
certificate signed by two Officers of the Issuer, at least one of whom shall be the principal executive officer or principal financial officer of the Issuer, and delivered to the Trustee. 

  
 13 








 “Opinion of Counsel” means a written opinion from legal counsel,
reasonably acceptable to the Trustee, which meets the requirements of Section 12.05 hereof. The counsel may be an employee of or counsel to the Company. 

“Outside Date” shall mean (a) July 2, 2016 or (b) such earlier date as the Company or the Escrow Issuer
shall notify the Trustee and the Escrow Agent or shall otherwise announce that the Merger Agreement has been or will be terminated or that the Company will not pursue the consummation of the First Merger. 

“Permitted Business” means the lines of business conducted by the Company and its Restricted Subsidiaries on the Issue
Date and any other healthcare business related, ancillary or complementary (including any reasonable extension, development or expansion) to any such business. 

“Permitted Investments” means: 

(1) any Investment in the Company or a Restricted Subsidiary of the Company; 

(2) any Investment in Cash Equivalents; 

(3) any Investment by the Company or any of its Restricted Subsidiaries in a Person, if as a result of such Investment: 

(a) such Person becomes a Restricted Subsidiary of the Company; or 

(b) such Person is merged, consolidated or amalgamated with or into, or transfers or conveys substantially all of its assets
to, or is liquidated into, the Company or a Restricted Subsidiary of the Company; 
 (4) any Investment made as a result of
the receipt of non-cash consideration from an Asset Sale that was made pursuant to and in compliance with Section 4.12 hereof; 

(5) any acquisition of assets solely in exchange for the issuance of Equity Interests (other than Disqualified Stock) of the
Company; 
 (6) any Investments received in compromise of Obligations of trade creditors, health care providers or customers
that were incurred in the ordinary course of business, including pursuant to any plan of reorganization or similar arrangement upon the bankruptcy or insolvency of any trade creditor, health care provider or customer; 

(7) Hedging Obligations; 

(8) Investments the payment for which is Capital Stock (other than Disqualified Stock) of the Company; 

(9) Investments in prepaid expenses, negotiable instruments held for collection, utility and workers compensation, performance
and similar deposits made in the ordinary course of business; 
 (10) loans and advances to non-executive officers and
employees of the Company or any of its Restricted Subsidiaries in the ordinary course of business in accordance with the past practices of the Company or any of its Restricted Subsidiaries in an aggregate amount for all such loans and advances not
to exceed $5.0 million at any time outstanding; 
 (11) Investments existing on the Issue Date; 

(12) Permitted Market Investments; 

(13) Investments in Permitted Joint Ventures in an amount not to exceed at any one time outstanding 5.0% of the Company’s
Consolidated Total Assets; 

  
 14 








 (14) Investments by the Company or a Restricted Subsidiary of the Company in a
Securitization Subsidiary in connection with a Qualified Securitization Transaction, which investment consists of a retained interest in transferred Receivables and Related Assets; and 

(15) other Investments in any Person having an aggregate Fair Market Value (measured on the date each such investment was made
and without giving effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (15) that are at the time outstanding, not to exceed the greater of (x) $675.0 million or (y) 4.0%
of the Company’s Consolidated Total Assets. 
 “Permitted Joint Venture” means any joint venture that the
Company or any of its Restricted Subsidiaries is a party to that is engaged in a Permitted Business. 
 “Permitted
Liens” means: 
 (1) Liens in favor of the Company or any of its Restricted Subsidiaries; 

(2) Liens on any property or assets of a Person existing at the time such Person is merged with or into or consolidated with
the Company or any Restricted Subsidiary of the Company; provided that such Liens were in existence prior to such merger or consolidation and not incurred in contemplation of such merger or consolidation and do not extend to any property or assets
other than those of the Person merged into and consolidated with the Company or the Restricted Subsidiary; 
 (3) Liens for
taxes or other governmental charges not at the time delinquent or thereafter payable without penalty or being contested in good faith by appropriate proceedings; provided, in each case, that appropriate reserves required pursuant to GAAP have
been made in respect thereof; 
 (4) Liens on any property or assets existing at the time of the acquisition thereof by the
Company or any Restricted Subsidiary of the Company; provided that such Liens were in existence prior to such acquisition and not incurred or assumed in connection with, or in contemplation of, such acquisition and do not extend to any property or
assets of the Company or the Restricted Subsidiary; 
 (5) Liens to secure the performance of statutory Obligations, surety
or appeal bonds, government contracts, performance bonds or other obligations of a like nature incurred in the ordinary course of business, including (i) Liens of landlords, carriers, warehousemen, mechanics and materialmen and other similar
Liens imposed by law and (ii) Liens in the form of deposits or pledges incurred in connection with worker’s compensation, unemployment compensation and other types of social security (excluding Liens arising under Employee Retirement
Income Security Act of 1974)); 
 (6) Liens existing on the Issue Date; 

(7) Liens arising from Uniform Commercial Code financing statement filings regarding operating leases entered into by the
Company and its Restricted Subsidiaries in the ordinary course of business; 
 (8) Liens securing Permitted Refinancing
Indebtedness incurred to refinance Indebtedness that was previously so secured as permitted by this Indenture; provided that any such Lien is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends
or distributions in respect thereof) that secured (or, under the written arrangements under which the original Lien arose, could secure) the Indebtedness being refinanced or is in respect of property that is security for a Permitted Lien hereunder;

 (9) Liens securing Hedging Obligations of the Company or any of its Restricted Subsidiaries, which transactions or
obligations are incurred in the ordinary course of business for bona fide hedging purposes (and not for speculative purposes) of the Company or its Restricted Subsidiaries (as determined in good faith by the Board of Directors or senior management
of the Company); 
 (10) Liens to secure Indebtedness (including Capital Lease Obligations) permitted by clause (4) of
Section 4.10(b) hereof; provided that any such Lien (i) covers only the assets acquired, constructed or improved with such Indebtedness and (ii) is created within 180 days of such acquisition, construction or improvement; 

  
 15 








 (11) Liens to secure Indebtedness of the Company’s Foreign Restricted
Subsidiaries permitted by clause (11) of Section 4.10(b) hereof; provided that any such Lien covers only the assets of such Foreign Restricted Subsidiaries; 

(12) Liens securing Indebtedness permitted by clauses (16) and (17) of Section 4.10(b) hereof; 

(13) Liens required by any regulation, or order of or arrangement or agreement with any regulatory body or agency, so long as
such Liens do not secure Indebtedness; 
 (14) Liens on assets transferred to a Securitization Subsidiary or on assets of a
Securitization Subsidiary, in either case, incurred in connection with a Qualified Securitization Transaction; 
 (15) other
Liens incurred in the ordinary course of business of the Company and its Restricted Subsidiaries with respect to Indebtedness in an aggregate principal amount, together with all Indebtedness incurred to refund, refinance or replace such Indebtedness
(or refinancings, refundings or replacements thereof), that does not exceed 20.0% of the Company’s Consolidated Total Assets at any one time outstanding; and 

(16) the Lien on the Escrowed Property in favor of the Trustee for the benefit of Holders and the holders of the 2021 Notes.

 “Permitted Market Investments” means any security that (a) is of a type traded or quoted on any exchange or
recognized financial market, (b) can be readily liquidated or disposed of on such exchanges or markets, (c) other than in the case of an equity security, has no lower than an “investment grade” rating from any nationally
recognized rating agency or (d) satisfies the Company’s investment guidelines as approved by the Board of Directors of the Company; provided that the aggregate amount of Permitted Market Investments consisting of common stock shall
not exceed 10.0% of the aggregate amount of Permitted Market Investments held by the Company and its Restricted Subsidiaries at any time. 

“Permitted Refinancing Indebtedness” means any Indebtedness of the Company or any of its Restricted Subsidiaries
issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund other Indebtedness of the Company or any of its Restricted Subsidiaries (other than intercompany Indebtedness); provided,
however, that: 
 (1) the aggregate principal amount (or if incurred with original issue discount, an aggregate issue
price) of such Permitted Refinancing Indebtedness does not exceed the aggregate principal amount (or if incurred with original issue discount, the aggregate accreted value) of the Indebtedness extended, refinanced, renewed, replaced, defeased or
refunded (plus all accrued interest on the Indebtedness and the amount of all fees and expenses, including premiums incurred in connection therewith); 

(2) such Permitted Refinancing Indebtedness has a final maturity date no earlier than the final maturity of, and has a Weighted
Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded; 

(3) if Subordinated Obligations are being extended, refinanced, renewed, replaced, defeased or refunded, such Permitted
Refinancing Indebtedness has a final maturity date later than the final maturity date of, and is subordinated in right of payment to, the Notes on terms at least as favorable to the Holders as those contained in the documentation governing the
Subordinated Obligations being extended, refinanced, renewed, replaced, defeased or refunded; and 
 (4) such Indebtedness is
incurred either by the Company or by the Restricted Subsidiary who is the obligor on the Indebtedness being extended, refinanced, renewed, replaced, defeased or refunded. 

“Person” means any individual, corporation, partnership, joint venture, association, joint-stock company, trust,
unincorporated organization, limited liability company or government or other entity. 
 “Predecessor Note” of any
particular Note means every previous Note evidencing all or a portion of the same Indebtedness as that evidenced by such particular Note; and any Note authenticated and delivered under Section 2.09 in lieu of a lost, destroyed or stolen Note
shall be deemed to evidence the same Indebtedness as the lost, destroyed or stolen Note. 

  
 16 








 “Purchase Agreement” means the Purchase Agreement, dated January 28,
2016, among the Escrow Issuer, the Company and the representatives of the initial purchasers of the Initial Notes, as amended, restated or modified (in whole or in part) from time to time. 

“Qualified Securitization Transaction” means any transaction or series of transactions that may be entered into by the
Company or any Restricted Subsidiary of the Company pursuant to which (a) the Company or such Restricted Subsidiary may sell, convey or otherwise transfer to a Securitization Subsidiary its interests in Receivables and Related Assets and
(b) such Securitization Subsidiary transfers to any other Person, or grants a security interest in, such Receivables and Related Assets, pursuant to a transaction which is customarily used to achieve a transfer of financial assets under GAAP.

 “Ratings Agency” means S&P and Moody’s or if S&P or Moody’s or both shall not make a rating on
the Notes publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company (as certified by a resolution of the Board of Directors of the Company) which shall be substituted for S&P
or Moody’s or both, as the case may be. 
 “Real Estate Indebtedness” means (a) any debt or obligations of
the Company or any of its Subsidiaries in whole or in part secured by interests in real property, including, but not limited to, the NML Loan and extensions, renewals and refinancings of such Indebtedness and (b) Indirect Obligations of the
Company with respect to any debt or obligations of the Centene Plaza Subsidiary or the Centene Plaza Phase II Subsidiary and extensions, renewals and refinancings of such Indebtedness of the Centene Plaza Subsidiary or the Centene Plaza Phase II
Subsidiary; provided that such Indebtedness of the Centene Plaza Subsidiary or the Centene Plaza Phase II Subsidiary (with respect to which the Company has Indirect Obligations) is used solely to finance the Centene Plaza Project or the
Centene Plaza Phase II Project, as applicable. 
 “Receivables and Related Assets” means any account receivable
(whether now existing or arising thereafter) of the Company or any Restricted Subsidiary of the Company, and any assets related thereto including all collateral securing such accounts receivable, all contracts and contract rights and all Guarantees
or other obligations in respect of such accounts receivable, proceeds of such accounts receivable and other assets which are customarily transferred or in respect of which security interest are customarily granted in connection with asset
securitization transaction involving accounts receivable. 
 “Redemption Date” when used with respect to any Note to
be redeemed, shall mean the date specified for redemption of such Note in accordance with the terms of such Note and this Indenture. 

“Redemption Price” when used with respect to any Note to be redeemed, means the price at which it is to be redeemed
pursuant to the terms of such Note and this Indenture. 
 “Registration Rights Agreement” means (a) with
respect to the Initial Notes issued on the Issue Date, the Registration Rights Agreement dated February 11, 2016, among the Escrow Issuer and the representatives of the initial purchasers of the Notes and (b) with respect to each issuance
of Additional Notes issued in a transaction exempt from the registration requirements of the Securities Act, the registration rights agreement, if any, among the Issuer and the Persons purchasing such Additional Notes under the related purchase
agreement, in each case, as amended from time to time. 
 “Regular Record Date” for the interest payable on any
Interest Payment Date means the applicable date specified as a “Record Date” on the face of the Note. 
 “Responsible
Officer,” when used with respect to the Trustee, means any officer within the Corporate Trust Department of the Trustee (or any successor group of the Trustee) with direct responsibility for the administration of this Indenture
and also means, with respect to a particular corporate trust matter, any other officer to whom such matter is referred because of his or her knowledge of and familiarity with the particular subject, and who shall have direct responsibility for the
administration of this Indenture. 

  
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 “Restricted Investment” means an Investment other than a Permitted
Investment. 
 “Restricted Subsidiary” of a Person means any Subsidiary of such Person that is not an Unrestricted
Subsidiary. 
 “S&P” means Standard & Poor’s Ratings Services, a division of The McGraw Hill
Companies, Inc., or any successor to the rating agency business thereof. 
 “Sale/Leaseback Transaction” means an
arrangement relating to property now owned or hereafter acquired by the Company or a Restricted Subsidiary of the Company whereby the Company or such Restricted Subsidiary transfers such property to a Person (other than to the Company or a
Restricted Subsidiary) and the Company or such Restricted Subsidiary leases it from such Person. 
 “SEC” means the
United States Securities and Exchange Commission. 
 “Second Merger” means the merger of Health Net with and into
Merger Sub II, with Merger Sub II continuing as the surviving corporation and a direct wholly-owned Subsidiary of Centene, pursuant to the Merger Agreement. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Securitization Subsidiary” means a wholly-owned Subsidiary of the Company: 

(1) that is designated a “Securitization Subsidiary” by the Board of Directors of the Company (or a duly authorized
committee thereof); 
 (2) that does not engage in any activities other than Qualified Securitization Transactions and any
activity necessary or incidental thereto; 
 (3) no portion of the Indebtedness or any other obligation, contingent or
otherwise, of which: 
 (a) is guaranteed by the Company or any Subsidiary of the Company in any way other than pursuant to
Standard Securitization Undertakings or Limited Originator Recourse, 
 (b) is recourse to or obligates the Company or any
other Subsidiary of the Company in any way other than pursuant to Standard Securitization Undertakings or Limited Originator Recourse, or 

(c) subjects any property or asset of the Company or any other Subsidiary of the Company, directly or indirectly, contingently
or otherwise, to the satisfaction thereof other than pursuant to Standard Securitization Undertakings or Limited Originator Recourse; 

(4) with respect to which neither the Company nor any other Subsidiary of the Company has any obligation to maintain or
preserve its financial condition or cause such entity to achieve certain levels of operating results; and 
 (5) with which
neither the Company nor any Subsidiary of the Company has any material contract, agreement, arrangement or understanding other than on terms no less favorable to the Company or such Subsidiary than those that might be obtained at the time from
Persons that are not Affiliates of the Company, other than Standard Securitization Undertakings and fees payable in the ordinary course of business in connection with servicing accounts receivable of such entity. 

Any designation of a Subsidiary as a Securitization Subsidiary shall be evidenced to the Trustee by filing with the Trustee a certified copy of
the resolution of the Board of Directors of the Company giving effect to the designation and an Officers’ Certificate certifying that the designation complied with the preceding conditions. 

  
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 “Senior Debt” means: 

(1) all Indebtedness of the Company outstanding under Credit Facilities and all Hedging Obligations with respect thereto; 

(2) any other Indebtedness of the Company permitted to be incurred under the terms of this Indenture, unless the instrument
under which such Indebtedness is incurred expressly provides that it is pari passu with or subordinated in right of payment to the Notes; and 

(3) all Obligations with respect to the items listed in the preceding clauses (1) and (2). 

Notwithstanding anything to the contrary in the preceding, Senior Debt will not include: 

(a) any liability for federal, state, local or other taxes owed or owing by the Company; 

(b) any Indebtedness of the Company to any of its Subsidiaries or other Affiliates; 

(c) any Trade Payables; or 

(d) the portion of any Indebtedness that is incurred in violation of this Indenture. 

“Significant Subsidiary” means any Subsidiary that would be a “significant subsidiary” as defined in
Article 1, Rule 1-02 of Regulation S-X, promulgated pursuant to the Securities Act, as such regulation is in effect on the Issue Date. 

“Special Record Date” for the payment of any Defaulted Interest on the Notes means a date fixed by the Trustee
pursuant to Section 2.14 hereof. 
 “Standard Securitization Undertakings” means representations, warranties,
covenants and indemnities entered into by the Company or any Subsidiary of the Company that are reasonably customary in accounts receivable securitization transactions, as the case may be. 

“Stated Maturity” means, with respect to any installment of interest or principal on any series of Indebtedness, the
date on which the payment of interest or principal was scheduled to be paid in the documentation governing such Indebtedness as of the Issue Date, and will not include any contingent obligations to repay, redeem or repurchase any such interest or
principal prior to the date originally scheduled for the payment thereof. 
 “Subordinated Obligations” means any
Indebtedness of the Company (whether outstanding on the Issue Date or thereafter incurred) that is subordinate or junior in right of payment to the Notes pursuant to a written agreement to that effect. 

“Subsidiary” means, with respect to any specified Person: 

(1) any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital
Stock entitled (without regard to the occurrence of any contingency and after giving effect to any voting agreement or stockholders’ agreement that effectively transfers voting power) to vote in the election of directors, managers or trustees
of the corporation, association or other business entity is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person (or a combination thereof); and 

(2) any partnership (a) the sole general partner or the managing general partner of which is such Person or a Subsidiary
of such Person or (b) the only general partners of which are that Person or one or more Subsidiaries of that Person (or any combination thereof). 

“Subsidiary Guarantee” means a Guarantee by a Guarantor of the Company’s obligations under this Indenture and on
the Notes, executed pursuant to Section 4.17 hereof and any supplemental indenture hereto. 

  
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 “Tax Sharing Agreements” means the tax sharing agreements, by and among
the Company and each of its Subsidiaries party thereto as in effect on the Issue Date and any other such agreements on customary terms, as any of the foregoing may be amended, supplemented, waived or otherwise modified from time to time in
accordance with the terms thereof and of this Indenture. 
 “TIA” means the Trust Indenture Act of 1939, as amended,
and the rules and regulations thereunder. 
 “Total Debt” means all Indebtedness of the Company and its Restricted
Subsidiaries, determined on a consolidated basis. 
 “Total Debt Ratio” as of the date of any event for which a
calculation is required (the “date of determination”) means the ratio of (a) the aggregate amount of Total Debt as of the date of determination to (b) the Consolidated Cash Flow of the Company for the most recently
ended four full fiscal quarters for which internal financial statements are available immediately preceding the date of determination, in each case with such pro forma adjustments as are appropriate and consistent with the pro forma adjustment
provisions set forth in the definition of “Fixed Charge Coverage Ratio”. 
 “Trade Payables” means, with
respect to any Person, any accounts payable or any other indebtedness or monetary obligation to trade creditors, physicians, hospitals, health maintenance organizations or other health care providers created, assumed or guaranteed by such Person or
any of its Subsidiaries arising in the ordinary course of business in connection with the acquisition of goods and services. 

“Transactions” means, collectively, any or all of the following: 

(1) the entry into the Merger Agreement, the consummation of the First Merger or both of the Mergers and the other transactions contemplated
thereby; 
 (2) the entry into this Indenture, the 2021 Indenture, the Purchase Agreement, the Escrow Agreement, the Registration Rights
Agreement and the registration rights agreement related to the 2021 Notes, and the offer and issuance of the Initial Notes and the 2021 Notes issued on the date hereof; 

(3) the entry into the New Revolving Credit Facility and the incurrence of Indebtedness thereunder by the Company on the Assumption Date; 

(4) the refinancing of amounts outstanding under the Existing Revolving Credit Facility with the proceeds of the New Revolving Credit Facility
and the prepayment of all of Health Net’s existing and outstanding Indebtedness (other than its 6.375% Senior Notes due 2017), the payment of any fees in connection therewith and the termination of any related agreement under which such
Indebtedness was issued or incurred, including the Existing Revolving Credit Facility; 
 (5) the consummation of the Escrow Merger and the
Assumption; and 
 (6) all other transactions relating to any of the foregoing (including payment of fees, commissions and expenses related
to the foregoing). 
 “Treasury Rate” means, as of any redemption date, the yield to maturity of United States
Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15(519) that has become publicly available at least two business days prior to the Redemption Date or, if such
Statistical Release is no longer published, any publicly available source of similar market data) most nearly equal to the period from the Redemption Date to February 15, 2019; provided, however, that if the period from the
Redemption Date to February 15, 2019 is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate shall be obtained by linear interpolation (calculated to the nearest
one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to February 15, 2019 is less than one year, the weekly average yield
on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. 

  
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 “Trustee” means the Person named as the “Trustee” in the
Recitals of this Indenture, and its successors and assigns, until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean such successor Trustee. 

“Unrestricted Subsidiary” means any Subsidiary of the Company that is designated by the Board of Directors of the
Company as an Unrestricted Subsidiary pursuant to a Board Resolution of the Company, but only to the extent that such Subsidiary: 

(1) has no Indebtedness other than Non-Recourse Debt; 

(2) is not party to any agreement, contract, arrangement or understanding with the Company or any Restricted Subsidiary of the
Company unless the terms of any such agreement, contract, arrangement or understanding, taken as a whole with the terms of all other agreements, contracts, arrangements or understandings of such Unrestricted Subsidiary with the Company or any
Restricted Subsidiary of the Company, are no less favorable to the Company or such Restricted Subsidiary than those that might be obtained at the time from Persons who are not Affiliates of the Company; 

(3) is a Person with respect to which neither the Company nor any of its Restricted Subsidiaries has any direct or indirect
obligation (a) to subscribe for additional Equity Interests or (b) to maintain or preserve such Person’s financial condition or to cause such Person to achieve any specified levels of operating results; 

(4) has not guaranteed or otherwise directly or indirectly provided credit support for any Indebtedness of the Company or any
of its Restricted Subsidiaries; and 
 (5) has at least one director on its Board of Directors that is not a director or
executive officer of the Company or any of its Restricted Subsidiaries and has at least one executive officer that is not a director or executive officer of the Company or any of its Restricted Subsidiaries. 

“Voting Stock” of any Person as of any date means all classes of Capital Stock of such Person then outstanding and
normally entitled to vote in the election of the Board of Directors of such Person. 
 “Weighted Average Life to
Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing: 
 (1)
the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required payments of principal, including payment at final maturity, in respect of the Indebtedness, by
(b) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by 

(2) the then outstanding principal amount of such Indebtedness. 

Section 1.02 Other Definitions. 
  

					
	 Term
	  	Defined in
Section	 
	 Acceleration Notice
	  	 	6.02	  
	 Acceptable Commitment
	  	 	4.12(3)	  
	 Affiliate Transaction
	  	 	4.14	  
	 Appendix
	  	 	2.01	  
	 Applicable Law
	  	 	12.18	  
	 Asset Sale Offer
	  	 	4.12(3)	  
	 Benefited Party
	  	 	10.01	  
	 Change of Control Amount
	  	 	4.16(a)	  
	 Change of Control Offer
	  	 	4.16(a)	  
	 Covenant Defeasance
	  	 	8.03	  
	 Defaulted Interest
	  	 	2.14	  


  
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	 Term
	  	Defined in
Section	 
	 defeasance trust
	  	 	8.04(a)	  
	 DTC
	  	 	2.05	  
	 Escrow Account
	  	 	4.19(a)	  
	 Escrow Release
	  	 	4.19(a)	  
	 Escrowed Property
	  	 	4.19(a)	  
	 Event of Default
	  	 	6.01	  
	 Excess Proceeds.
	  	 	4.12(3)	  
	 indenture securities
	  	 	1.03(b)	  
	 indenture security holder
	  	 	1.03(b)	  
	 indenture to be qualified
	  	 	1.03(b)	  
	 indenture trustee
	  	 	1.03(b)	  
	 Legal Defeasance
	  	 	8.02	  
	 losses
	  	 	7.07	  
	 Note Register
	  	 	2.05	  
	 obligor
	  	 	1.03(b)	  
	 Offer Amount
	  	 	3.08(c)(2)	  
	 Offer Period
	  	 	3.08(d)	  
	 Offer to Purchase
	  	 	3.08(a)	  
	 Paying Agent
	  	 	2.05	  
	 Payment Default
	  	 	6.01(g)(A)	  
	 Permitted Debt
	  	 	4.09(b)	  
	 Purchase Date
	  	 	3.08(d)	  
	 Purchase Price
	  	 	3.08(c)(2)	  
	 Registrar
	  	 	2.05	  
	 Restricted Payments
	  	 	4.10(a)(4)	  
	 Special Mandatory Redemption
	  	 	3.09(a)	  
	 Special Mandatory Redemption Date
	  	 	3.09(a)	  
	 Special Mandatory Redemption Price
	  	 	3.09(a)	  
	 Surviving Entity
	  	 	5.01(a)(1)(B)	  
	 Terminated Covenants
	  	 	4.18(b)	  
	 Trustee
	  	 	8.05	  

 Section 1.03 Incorporation by Reference of Trust Indenture Act. 

(a) Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture.

 (b) The following TIA terms used in this Indenture have the following meanings: 

“indenture securities” means the Notes and the Subsidiary Guarantees, if any; 

“indenture security holder” means a Holder of a Note; 

“indenture to be qualified” means this Indenture; 

“indenture trustee” or “institutional trustee” means the Trustee; and 

“obligor” on the Notes means the Issuer and any successor obligor upon the Notes. 

(c) All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule
under the TIA and not otherwise defined herein have the meanings so assigned to them either in the TIA, by another statute or SEC rule, as applicable. 

  
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 Section 1.04 Rules of Construction. 

(a) Unless the context otherwise requires: 

(1) a term has the meaning assigned to it; 

(2) an accounting term not otherwise defined herein has the meaning assigned to it in accordance with GAAP; 

(3) “or” is not exclusive; 

(4) words in the singular include the plural, and in the plural include the singular; 

(5) all references in this instrument to “Articles,” “Sections” and other subdivisions are to the
designated Articles, Sections and subdivisions of this instrument as originally executed; 
 (6) the words
“herein,” “hereof” and “hereunder” and other words of similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision. 

(7) “including” means “including without limitation;” 

(8) provisions apply to successive events and transactions; 

(9) references to sections of or rules under the Securities Act, the Exchange Act or the TIA shall be deemed to include
substitute, replacement or successor sections or rules adopted by the SEC from time to time thereunder; 
 (10)
“principal” of a security means the principal of the security plus the premium, if any, payable on the security which is due or overdue or is to become due at the relevant time; 

(11) the principal amount of any preferred stock shall be (i) the maximum liquidation value of such preferred stock or
(ii) the maximum mandatory redemption or mandatory repurchase price with respect to such preferred stock, whichever is greater; and 

(12) all references to any amount of “interest” or any other amount payable on or with respect to any of the Notes
shall be deemed to include payment of any Additional Interest pursuant to a Registration Rights Agreement, if applicable. 
 ARTICLE 2.

 THE NOTES 

Section 2.01 Form Generally. 

Provisions relating to the Notes are set forth in the Rule 144A/Regulation S Appendix hereto (the “Appendix”), which is
hereby incorporated in and expressly made part of this Indenture. The Notes shall be substantially in the form of Exhibit A hereto, with such appropriate insertions, omissions, substitutions and other variations (including, for the avoidance of
doubt, transfer restriction legends) as are required or permitted by this Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of
any securities exchange or as may, consistently herewith, be determined by the Officers executing such Notes as evidenced by their execution of the Notes. 

The certificated Notes shall be printed, lithographed or engraved or produced by any combination of these methods or may be produced in any
other manner, provided that such method is permitted by the rules of any securities exchange on which such Notes may be listed, all as determined by the Officers executing such Notes as evidenced by their execution of such Notes. 

  
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 Section 2.02 Execution, Authentication Delivery and Dating. 

Two Officers shall sign the Notes for the Issuer by manual, facsimile or electronic signature. If an Officer whose signature is on a Note no
longer holds that office at the time a Note is authenticated, the Note shall nevertheless be valid. 
 A Note shall not be valid until
authenticated by the manual, facsimile or electronic signature of the Trustee. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 

At any time and from time to time after the execution and delivery of this Indenture, the Issuer may deliver Notes executed by the Issuer to
the Trustee for authentication, together with a Company Order for the authentication and delivery of such Notes; and the Trustee in accordance with such Company Order shall authenticate and deliver such Notes. 

No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose unless there appears on such Note a
certificate of authentication substantially in the form provided for herein duly executed by the Trustee by manual, facsimile or electronic signature of an authorized signatory, and such certificate upon any Note shall be conclusive evidence, and
the only evidence, that such Note has been duly authenticated and delivered hereunder. The Trustee’s certificate of authentication shall be in substantially the following form: 

This is one of the Notes referred to in the within-mentioned Indenture. 

 

							
		 		 	 The Bank of New York Mellon Trust

Company, N.A., as Trustee

				
	Date:                     	 		 	By:	 	  

		 		 		 	Authorized Signatory

 Each Note shall be dated the date of its authentication. 

With respect to Notes that are not to be originally issued at one time, the Trustee may conclusively rely, as to the authorization by the
Issuer of any of such Notes, the forms and terms thereof and the legality, validity, binding effect and enforceability thereof, upon the Opinion of Counsel and the other documents delivered pursuant to this Section, as applicable, in connection with
the first authentication of Notes. 
 Notwithstanding the foregoing, if any Note shall have been duly authenticated and delivered hereunder
but never issued and sold by the Issuer, and the Issuer shall deliver such Note to the Trustee for cancellation as provided in Section 2.12 hereof together with a written statement stating that such Note has never been issued and sold by the
Issuer, for all purposes of this Indenture such Note shall be deemed never to have been authenticated and delivered hereunder and shall never be entitled to the benefits of this Indenture. 

Section 2.03 Notes in Global Form. 

Notes issued as a Global Note shall represent such of the outstanding Notes as shall be specified therein and may provide that it shall
represent the aggregate principal amount of outstanding Notes from time to time endorsed thereon or otherwise notated on the books and records of the Registrar and that the aggregate principal amount of outstanding Notes represented thereby may from
time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the aggregate principal amount of any increase or decrease in the amount of outstanding Notes represented thereby
shall be made by the Trustee in such manner and upon instructions given by the Holder thereof. 
 Global Notes may be issued in either
registered or bearer form and in either temporary or permanent form. Permanent Global Notes will be issued in definitive form. 

  
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 The provisions of the last sentence of Section 2.02 hereof shall apply to any Note
represented by a Global Note if such Note was never issued and sold by the Issuer, and the Issuer delivers to the Trustee the Note in global form together with written instructions with regard to the reduction in the principal amount of Notes
represented thereby, together with the written statement contemplated by the last sentence of Section 2.02 hereof. 
 Notwithstanding
the provisions of this Sections 2.02 and 2.14 hereof, payment of principal of and any interest on any Global Note shall be made to the person or persons specified therein. 

None of the Issuer, the Trustee, any Paying Agent or Registrar will have any responsibility or liability for any aspect of the records
relating to or payments made on account of beneficial ownership interests of a Global Note or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

Section 2.04 Amount of Notes. 

On the Issue Date, the Trustee shall authenticate and deliver, pursuant to a Company Order, $1,000,000,000 aggregate principal amount of 6.125%
Senior Notes due February 15, 2024 and, at any time and from time to time thereafter, the Trustee shall authenticate and deliver Notes for original issue in an aggregate principal amount specified in a Company Order. Such order shall specify
the amount of the Notes to be authenticated and the date on which the original issue of Notes is to be authenticated and, in the case of an issuance of Additional Notes pursuant to Section 2.16 after the Issue Date, shall certify that such
issuance is in compliance with Section 4.09. The aggregate principal amount of Notes which may be authenticated and delivered under this Indenture is unlimited, subject to compliance with Section 4.09 hereof. The Notes may have notations,
legends or endorsements required by law, stock exchange rules or usage. The Notes shall be in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

All Notes shall be substantially identical except as to the date from which interest shall accrue, any applicable transfer restrictions and
except as may otherwise be provided in any indenture supplemental hereto. 
 If any of the terms of the Notes are established by action
taken pursuant to a Board Resolution, a copy of any appropriate record of such action shall be certified by the Secretary or an Assistant Secretary of the Issuer and delivered to the Trustee at or prior to the delivery of the Officers’
Certificate setting forth the terms of the Notes. 
 The Notes, including any Additional Notes, shall be treated as a single class for all
purposes under this Indenture, including, without limitation, waivers, amendments, redemptions and offers to purchase; provided, however, that if Additional Notes are issued following the Assumption Date, such Additional Notes shall
not be subject to Sections 3.09, 4.19 and 4.20; provided, further, that in the event that any Additional Notes are not fungible with the Initial Notes for federal income tax purposes, such non-fungible Additional Notes shall be issued
with a separate CUSIP number and ISIN so they are distinguishable from the Initial Notes. 
 Section 2.05 Registrar and Paying
Agent. 
 The Issuer shall maintain, with respect to the Notes, an office or agency where Notes may be presented for registration of
transfer or for exchange (“Registrar”) and an office or agency where Notes may be presented for payment (“Paying Agent”) in the Borough of Manhattan, the City of New York. The Registrar shall keep a
register (the “Note Register”) of the Notes and of their transfer and exchange. The Issuer may appoint one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any
co-registrar and the term “Paying Agent” includes any additional paying agent. The Issuer may change any Paying Agent or Registrar without notice to any Holder. The Issuer shall notify the Trustee in writing of the name and address of any
Agent not a party to this Indenture. If the Issuer fails to appoint or maintain another entity as Registrar of Paying Agent, the Trustee shall act as such. The Company or any of its Restricted Subsidiaries may act as Paying Agent or Registrar. 

The Issuer initially appoints The Depository Trust Company (“DTC”) to act as Depositary with respect to the Global
Notes. 
 The Issuer initially appoints the Trustee to act as Registrar and Paying Agent and to act as Custodian with respect to the Global
Notes, and the Trustee hereby agrees so to initially act. 

  
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 Section 2.06 Paying Agent to Hold Money in Trust. 

The Issuer shall require each Paying Agent (other than the Trustee) to agree in writing that the Paying Agent will hold in trust for the
benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, or interest on the Notes, and will notify the Trustee of any default by the Issuer in making any such payment. While any such
default continues, the Trustee may require a Paying Agent to pay all funds held by it relating to the Notes to the Trustee. The Issuer at any time may require a Paying Agent to pay all funds held by it to the Trustee. Upon payment over to the
Trustee, the Paying Agent (if other than the Company or a Restricted Subsidiary) shall have no further liability for such funds. If the Company or a Restricted Subsidiary acts as Paying Agent, it shall segregate and hold in a separate trust fund for
the benefit of the Holders all funds held by it as Paying Agent. Upon any Event of Default under Sections 6.01(i) and (j) hereof relating to the Issuer, the Trustee shall serve as Paying Agent for the Notes. 

Section 2.07 Holder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of
all Holders and shall otherwise comply with TIA §312(a). If the Trustee is not the Registrar, the Issuer shall furnish or cause to be furnished to the Trustee at least seven Business Days before each Interest Payment Date and at such other
times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of the Holders and the Issuer shall otherwise comply with TIA §312(a). 

Section 2.08 Registration; Registration of Transfer and Exchange. 

The Notes shall be transferable only in compliance with the Appendix. Upon surrender for registration of transfer of any Notes at an office or
agency of the Issuer designated pursuant to Section 4.02 hereof for such purpose, the Issuer shall execute, and the Trustee shall authenticate and deliver, in the name of the designated transferee or transferees, one or more new Notes of any
authorized denominations, of a like aggregate principal amount. The Issuer shall not charge a service charge for any registration of transfer or exchange, but the Issuer may require payment of a sum sufficient to pay all taxes, assessments or other
governmental charges that may be imposed in connection with the transfer or exchange of the Notes from the Holder requesting such transfer or exchange (other than any exchange of a temporary Note for a permanent Note not involving any change in
ownership or any exchange pursuant to Sections 2.12, 3.06 or 9.05 hereof, not involving any transfer). 
 Notwithstanding any other
provisions (other than the provisions set forth in the fourth paragraph) of this Section 2.08, a Global Note representing all or a portion of the Notes may not be transferred except as a whole by the Depositary to a nominee of such Depositary
or by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by such Depositary or any such nominee to a successor Depositary or a nominee of such successor Depositary. 

Each Global Note is exchangeable for Notes in certificated form only if (i) the Depositary notifies the Issuer that it is unwilling or
unable to continue as Depositary for such Global Notes or if at any time the Depositary ceases to be a clearing agency registered under the Exchange Act and the Issuer fails within 90 days thereafter to appoint a successor Depositary, (ii) the
Issuer in its sole discretion determines that such Global Note shall be exchangeable or (iii) there shall have occurred and be continuing an Event of Default with respect to the Notes represented by such Global Notes. In any such event the
Issuer will issue, and the Trustee, upon receipt of a Company Order for the authentication and delivery of certificated Notes, will authenticate and deliver Notes in certificated form in exchange for such Global Note. In any such instance, an owner
of a beneficial interest in either Global Note will be entitled to physical delivery in certificated form of Notes equal in principal amount to such beneficial interest and to have such Notes registered in its name. Notes so issued in certificated
form will be issued in denominations of $2,000 or any larger amount that is an integral multiple of $1,000, will be issued in registered form only, without coupons, and will bear transfer restriction legends when required by the Appendix. 

Upon the exchange of a Global Note for Notes in certificated form, such Global Note shall be cancelled by the Trustee. All cancelled Notes
held by the Trustee shall be disposed of by the Trustee and, upon written request by the Issuer, a certificate of their disposal delivered to the Issuer. Definitive Notes issued in exchange for a Global Note pursuant to this Section 2.08 hereof
shall be registered in such names and in such authorized denominations as the Depositary for such Note in global form, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee in writing. The Trustee
shall deliver such Notes as instructed in writing by the Depositary. 

  
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 At the option of the Holders of certificated Notes, certificated Notes may be exchanged for other
certificated Notes of any authorized denomination or denominations of like aggregate principal amount and tenor, upon surrender of the certificated Notes to be exchanged at such office or agency. Whenever any certificated Notes are so surrendered
for exchange, the Issuer shall execute, and the Trustee shall authenticate and deliver, the certificated Notes which the Holder making the exchange is entitled to receive. 

All Notes issued upon any registration of transfer or exchange of Notes pursuant to the terms of this Indenture shall be the valid obligations
of the Issuer, evidencing the same debt, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such registration of transfer or exchange. 

Every Note presented or surrendered for registration of transfer or for exchange shall be duly endorsed, or be accompanied by a written
instrument of transfer in form satisfactory to the Issuer and the Registrar duly executed, by the Holder thereof or his or her attorney duly authorized in writing. 

The Issuer shall not be required (i) to issue, register the transfer of or exchange any Notes during a period beginning 15 Business Days
before any selection of Notes to be redeemed and ending at the close of business on the day of the sending of the relevant notice of redemption or (ii) to register the transfer of or exchange any Note so selected for redemption, in whole or in
part, except the unredeemed portion of any Note being redeemed in part. 
 Section 2.09 Replacement Notes. 

If any mutilated Note is surrendered to the Trustee or the Issuer and the Trustee receives evidence to its satisfaction of the destruction,
loss or theft of any Note, the Issuer shall issue and, upon receipt of a Company Order, the Trustee shall authenticate a replacement Note. If required by the Trustee or the Issuer, the Holder of such Note shall provide indemnity that is sufficient,
in the judgment of the Trustee or the Issuer, to protect the Issuer, the Trustee, any Agent and any authenticating agent from any loss that any of them may suffer in connection with such replacement. If required by the Issuer, such Holder shall
reimburse the Issuer for its reasonable expenses in connection with such replacement. 
 Every replacement Note issued in accordance with
this Section 2.09 shall be the valid obligation of the Issuer, evidencing the same debt as the destroyed, lost or stolen Note, and shall be entitled to all of the benefits of this Indenture equally and proportionately with all other Notes duly
issued hereunder. 
 Section 2.10 Outstanding Notes. 

The Notes outstanding at any time shall be the entire principal amount of Notes represented by all of the Global Notes and Definitive Notes
authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, those subject to reductions in beneficial interests effected by the Trustee in accordance with the provisions hereof, and those described in this
Section 2.10 as not outstanding. Except as set forth in Section 2.11 hereof, a Note shall not cease to be outstanding because the Issuer or an Affiliate of the Issuer holds the Note. 

If a Note is replaced pursuant to Section 2.09 hereof, it shall cease to be outstanding unless the Trustee receives proof satisfactory to
it that the replaced Note is held by a bona fide purchaser. 
 If the principal amount of any Note is considered paid under
Section 4.01 hereof, it shall cease to be outstanding and interest on it shall cease to accrue. 
 If the Paying Agent (other than the
Company, a Subsidiary or an Affiliate of any thereof) holds, on a Redemption Date, a Purchase Date or a maturity date, funds sufficient to pay Notes payable on that date, then on and after that date such Notes shall be deemed to be no longer
outstanding and shall cease to accrue interest. 

  
 27 








 Section 2.11 Treasury Notes. 

In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by
the Issuer, or by any Affiliate of the Issuer, shall be disregarded and deemed not to be outstanding, except that for the purpose of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes
that a Responsible Officer of the Trustee knows are so owned shall be so disregarded. 
 Section 2.12 Temporary Notes. 

Until certificates representing Notes are ready for delivery, the Issuer may prepare and, upon receipt of a Company Order in accordance with
Section 2.02 hereof, the Trustee shall authenticate temporary Notes. Temporary Notes shall be substantially in the form of Definitive Notes but may have variations that the Issuer considers appropriate for temporary Notes and as shall be
reasonably acceptable to the Trustee. Without unreasonable delay, the Issuer shall prepare and the Trustee shall authenticate Global Notes or Definitive Notes in exchange for temporary Notes, as applicable. After preparation of Definitive Notes, the
temporary Note will be exchangeable for Definitive Notes upon surrender of the temporary Notes. 
 Holders of temporary Notes shall be
entitled to all of the benefits of this Indenture as permanent Notes. 
 Section 2.13 Cancellation. 

The Issuer at any time may deliver Notes to the Trustee for cancellation. The Registrar and Paying Agent shall forward to the Trustee any Notes
surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel all Notes surrendered for registration of transfer, exchange, payment, replacement or cancellation and shall dispose of cancelled Notes
(subject to the record retention requirement of the Exchange Act or other applicable laws) unless by written order, signed by an Officer of the Issuer, the Issuer directs them to be returned to it. 

Certification of the disposal of all cancelled Notes shall be delivered to the Issuer from time to time upon request. The Issuer may not issue
new Notes to replace Notes that it has paid or that have been delivered to the Trustee for cancellation. 
 Section 2.14 Payment of
Interest; Defaulted Interest. 
 Interest on any Note which is payable, and is punctually paid or duly provided for, on any Interest
Payment Date shall be paid to the person in whose name that Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such interest. 

If the Issuer defaults in a payment of interest on the Notes which is payable (“Defaulted Interest”), it shall pay the
Defaulted Interest in any lawful manner plus, to the extent lawful, interest payable on the Defaulted Interest, to the Persons who are Holders on a subsequent Special Record Date, in each case at the rate provided in the Notes. The Issuer shall
notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on such Notes and the date of the proposed payment. The Issuer shall fix or cause to be fixed each such Special Record Date and payment date, provided that
no such Special Record Date shall be less than 10 days prior to the related payment date for such Defaulted Interest. At least 15 days before the Special Record Date, the Issuer (or, upon the written request of the Issuer, the Trustee in the name
and at the expense of the Issuer) shall send or cause to be sent to Holders a notice that states the Special Record Date, the related payment date and the amount of such interest to be paid. 

Subject to the foregoing provisions of this Section 2.14 and Section 2.08 hereof, each Note delivered under this Indenture upon
registration of transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note. 

Section 2.15 CUSIP or ISIN Numbers. 

The Issuer in issuing the Notes may use “CUSIP” and/or “ISIN” numbers (if then generally in use), and, if so, the Trustee
shall use “CUSIP” and/or “ISIN” numbers in notices of redemption or Offers to Purchase as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to the


  
 28 








 
correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption or notice of an Offer to Purchase and that reliance may be placed only on the other
identification numbers printed on the Notes, and any such redemption or Offer to Purchase shall not be affected by any defect in or omission of such numbers. The Issuer shall promptly notify the Trustee of any change in the “CUSIP” and/or
“ISIN” numbers. 
 Section 2.16 Additional Notes. 

The Issuer shall be entitled, subject to its compliance with Section 4.09 hereof, to issue Additional Notes under this Indenture which
shall have identical terms as the Initial Notes issued on the date hereof, other than with respect to the date of issuance and issue price and any applicable transfer restrictions. The Initial Notes issued on the date hereof and any Additional Notes
shall be treated as a single class for all purposes under this Indenture, including directions, waivers, amendments, consents, redemptions and Offers to Purchase; provided, however, that if Additional Notes are issued following the
Assumption Date, such Additional Notes shall not be subject to Sections 3.09, 4.19 and 4.20; provided, further, that in the event that any Additional Notes are not fungible with the Initial Notes for federal income tax purposes,
such non-fungible Additional Notes shall be issued with a separate CUSIP number and ISIN so they are distinguishable from the Initial Notes. 

With respect to any Additional Notes, the Issuer shall set forth in a Board Resolution and an Officers’ Certificate, a copy of each of
which shall be delivered to the Trustee, the following information: 
 (1) the aggregate principal amount of such Additional
Notes to be authenticated and delivered pursuant to this Indenture; 
 (2) the issue price, the issue date and the CUSIP
and/or ISIN number of such Additional Notes; and 
 (3) whether such Additional Notes shall be Transfer Restricted Notes.

 Section 2.17 Record Date. 

The record date for purposes of determining the identity of Holders of Notes entitled to vote or consent to any action by vote or consent or
permitted under this Indenture shall be determined as provided for in TIA §316(c). 
 Section 2.18 Persons Deemed
Owners. 
 Prior to due presentment of a Note for registration of transfer, the Issuer, the Trustee and any agent of the Issuer or the
Trustee may treat the person in whose name such Note is registered as the owner of such Note for the purpose of receiving payment of principal of and (except as otherwise specified as contemplated by the first paragraph of Section 2.04 hereof
and subject to Sections 2.07 and 2.13 hereof) interest on such Note and for all other purposes whatsoever, whether or not such Note be overdue, and neither the Issuer, the Trustee nor any agent of the Issuer or the Trustee shall be affected by
notice to the contrary. 
 None of the Issuer, the Trustee, any Paying Agent or the Registrar will have any responsibility or liability for
any aspect of the records relating to or payments made on account of beneficial ownership interests of a Note in global form or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

Section 2.19 Computation of Interest. 

Interest on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months. Interest on the Initial Notes will
accrue from February 11, 2016. 
 ARTICLE 3. 

REDEMPTION AND PREPAYMENT 

Section 3.01 Notices to Trustee. 

Except as set forth in paragraph 5 of the Notes set forth in Exhibit A, the Issuer will not be entitled to redeem the Notes at its
option prior to their Stated Maturity. 

  
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 If the Issuer elects to redeem Notes, it shall furnish to the Trustee, at least 30 days (or such
shorter period as may be acceptable to the Trustee) but not more than 60 days before a Redemption Date, an Officers’ Certificate setting forth (a) the applicable section of this Indenture pursuant to which the redemption shall occur,
(b) the Redemption Date, (c) the principal amount of Notes to be redeemed and (d) the Redemption Price. 

Section 3.02 Selection of Notes to Be Redeemed. 

If less than all of the Notes are to be redeemed at any time, such Notes to be redeemed shall be selected in accordance with the operating
procedures of the Depositary. The Trustee shall not be responsible for any actions taken or not taken by the Depositary. 
 The Trustee
shall promptly notify the Issuer in writing of the Notes selected for redemption and, in the case of any Note selected for partial redemption, the principal amount thereof to be redeemed. Notes and portions of Notes selected shall be in amounts of
$2,000 or integral multiples of $1,000; except that if all of the Notes of a Holder are to be redeemed, the entire outstanding amount of Notes held by such Holder, even if not an integral multiple of $1,000, shall be redeemed. Except as provided in
the preceding sentence, provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. 

Section 3.03 Notice of Redemption. 

At least 30 days but not more than 60 days prior to a Redemption Date, the Issuer shall send or cause to be sent, by electronic transmission
(for Global Notes) or first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at such Holder’s registered address appearing in the Note Register, except that redemption notices may be sent more than 60 days prior
to a Redemption Date if the notice is issued in connection with a defeasance pursuant to Article 8 hereof or a satisfaction and discharge pursuant to Article 11 hereof. 

The notice shall identify the Notes to be redeemed and shall state: 

(a) the Redemption Date; 
 (b)
the appropriate method for calculation of the redemption price, but need not include the Redemption Price itself; the actual Redemption Price shall be set forth in an Officers’ Certificate delivered to the Trustee no later than two
(2) Business Days prior to the Redemption Date. 
 (c) if any Note is being redeemed in part, the portion of the principal amount of
such Note to be redeemed and that, after the Redemption Date upon surrender of such Note, if applicable, a new Note or Notes in principal amount equal to the unredeemed portion shall be issued upon cancellation of the original Note; 

(d) the name and address of the Paying Agent; 

(e) that Notes called for redemption must be surrendered to the Paying Agent at the address specified in such notice to collect the Redemption
Price; 
 (f) that, unless the Issuer defaults in making such redemption payment, interest on Notes called for redemption ceases to accrue
on and after the Redemption Date; 
 (g) the applicable section of this Indenture pursuant to which the Notes called for redemption are
being redeemed; and 
 (h) the CUSIP and/or ISIN numbers, if any, printed on the Notes; provided, however, that such notice
may state that no representation is made as to the correctness of such numbers. 
 At the Issuer’s request, the Trustee shall give the
notice of redemption in the Issuer’s name and at its expense; provided, however, that the Issuer shall have delivered to the Trustee, at least 45 days (or such shorter period allowed by the Trustee), prior to the Redemption Date,
an Officers’ Certificate requesting that the Trustee give such notice (in the name and at the expense of the Issuer) and setting forth the information to be stated in such notice as provided in this Section 3.03. 

  
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 Section 3.04 Effect of Notice of Redemption. 

Subject to the following paragraph, once notice of redemption is sent in accordance with Section 3.03 hereof, Notes called for redemption
shall become irrevocably due and payable on the Redemption Date at the Redemption Price. 
 Any redemption of the Notes may, at the
Issuer’s discretion, be subject to one or more conditions precedent. In addition, if such redemption or notice is subject to satisfaction of one or more conditions precedent, such notice shall state that, in the Issuer’s discretion, the
Redemption Date may be delayed until such time as any or all of such conditions shall be satisfied (or waived by the Issuer in its sole discretion), or such redemption may not occur and such notice may be rescinded in the event that any or all such
conditions shall not have been satisfied (or waived by the Issuer in its sole discretion) by the Redemption Date, or by the Redemption Date so delayed. 

Section 3.05 Deposit of Redemption Price. 

On or prior to 11:00 a.m. Eastern time on the Business Day prior to any Redemption Date, the Issuer shall deposit with the Trustee or with the
Paying Agent (or, if the Company or any of its Restricted Subsidiaries is the Paying Agent, shall segregate and hold in trust) money sufficient to pay the Redemption Price of and, if applicable, accrued and unpaid interest on all Notes to be
redeemed on that date. The Trustee or the Paying Agent shall promptly, and in any event within two (2) Business Days after the Redemption Date, return to the Issuer any money deposited with the Trustee or the Paying Agent by the Issuer in
excess of the amounts necessary to pay the Redemption Price of, and accrued and unpaid interest, if any, on, all Notes to be redeemed. 
 If
the Issuer complies with the provisions of the preceding paragraph, on and after the Redemption Date, interest shall cease to accrue on the Notes or the portions of Notes called for purchase or redemption in accordance with Section 2.08 hereof,
whether or not such Notes are presented for payment. If a Note is redeemed on or after a Regular Record Date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest, if any, shall be paid to the Person in whose
name such Note was registered at the close of business on such Regular Record Date. If any Note called for redemption shall not be so paid upon surrender for redemption because of the failure of the Issuer to comply with the preceding paragraph,
interest shall be paid on the unpaid principal from the Redemption Date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Notes and in Section 4.01
hereof. 
 Section 3.06 Notes Redeemed in Part. 

Upon surrender of a Note that is redeemed in part, the Issuer shall issue and, upon receipt of a Company Order in accordance with
Section 2.02 hereof, the Trustee shall authenticate for the Holder at the expense of the Issuer a new Note equal in principal amount to the unredeemed portion of the Note surrendered. 

Section 3.07 Mandatory Redemption. 

Except as set forth in Sections 3.09, 4.12 and 4.16 hereof, the Issuer shall not be required to make mandatory redemption or sinking fund
payments with respect to, or offer to purchase, the Notes. 
 Section 3.08 Offer To Purchase. 

(a) In the event that, pursuant to Sections 4.12 or 4.16 hereof, the Company shall be required to commence an Asset Sale Offer or a Change
of Control Offer (each, an “Offer to Purchase”), it shall follow the procedures specified in this Section 3.08. 

(b) The Company shall cause a notice of the Offer to Purchase to be sent at least once to the Dow Jones News Service or similar business news
service in the United States. 

  
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 (c) The Company shall commence the Offer to Purchase by sending, by electronic transmission (for
Global Notes) or first-class mail, with a copy to the Trustee, to each Holder at such Holder’s address appearing in the Note Register, a notice the terms of which shall govern the Offer to Purchase stating: 

(1) that the Offer to Purchase is being made pursuant to this Section 3.08 and Sections 4.12 or 4.16, as the case may
be, and, in the case of a Change of Control Offer, that a Change of Control has occurred, the circumstances and relevant facts regarding the Change of Control and that a Change of Control Offer is being made pursuant to Section 4.16; 

(2) the principal amount of Notes required to be purchased pursuant to Sections 4.12 or 4.16, as the case may be (the
“Offer Amount”), the purchase price set forth in Sections 4.12 or 4.16, as applicable (the “Purchase Price”), the Offer Period and the Purchase Date (each as defined below); 

(3) except as provided in clause (9), that all Notes timely tendered and not withdrawn shall be accepted for payment; 

(4) that any Note not tendered or accepted for payment shall continue to accrue interest; 

(5) that, unless the Company defaults in making such payment, any Note accepted for payment pursuant to the Offer to Purchase
shall cease to accrue interest after the Purchase Date; 
 (6) that Holders electing to have a Note purchased pursuant to an
Offer to Purchase may elect to have Notes purchased equal to $2,000 or in integral multiples of $1,000 only; 
 (7) that
Holders electing to have a Note purchased pursuant to any Offer to Purchase shall be required to surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer by
book-entry transfer, to the Company, the Depositary, if appointed by the Company, or a Paying Agent at the address specified in the notice before the close of business on the third Business Day before the Purchase Date; 

(8) that Holders shall be entitled to withdraw their election if the Company, the Depositary or the Paying Agent, as the case
may be, receives, not later than the expiration of the Offer Period, a telegram, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note (or portions thereof) the Holder delivered for purchase and a
statement that such Holder is withdrawing his election to have such Note purchased; 
 (9) that, in the case of an Asset Sale
Offer, if the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Company so
that only Notes in denominations of $2,000 or integral multiples of $1,000 shall be purchased); 
 (10) that Holders whose
Notes were purchased in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer); and 

(11) any other procedures the Holders must follow in order to tender their Notes (or portions thereof) for payment and the
procedures that Holders must follow in order to withdraw an election to tender Notes (or portions thereof) for payment. 
 (d) The Offer to
Purchase shall remain open for a period of at least 30 days but no more than 60 days following its commencement, except to the extent that a longer period is required by applicable law (the “Offer Period”). No later than five
(5) Business Days (and in any event no later than the 60th day following the Change of Control) after the termination of the Offer Period (the “Purchase Date”), the Company shall purchase the Offer Amount or, if less
than the Offer Amount has been tendered, all Notes tendered in response to the Offer to Purchase. Payment for any Notes so purchased shall be made in the same manner as interest payments are made. The Company shall publicly announce the results of
the Offer to Purchase on or as soon as practicable after the Purchase Date. 
 (e) On or prior to the Purchase Date, the Company shall, to
the extent lawful: 
 (1) accept for payment (on a pro rata basis to the extent necessary in connection with an Asset Sale
Offer), the Offer Amount of Notes or portions of Notes properly tendered and not withdrawn pursuant to the Offer to Purchase, or if less than the Offer Amount has been tendered, all Notes tendered; 

  
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 (2) deposit with the Paying Agent funds in an amount equal to the Purchase Price
in respect of all Notes or portions of Notes properly tendered; and 
 (3) deliver or cause to be delivered to the Trustee
the Notes properly accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company and that such Notes or portions thereof were accepted for payment by the
Company in accordance with the terms of this Section 3.08. 
 (f) The Paying Agent (or the Company, if acting as the Paying Agent)
shall promptly (but in the case of a Change of Control, not later than 60 days from the date of the Change of Control) deliver to each tendering Holder the Purchase Price deposited with the Paying Agent by the Company. In the event that any portion
of the Notes surrendered is not purchased by the Company, the Company shall promptly execute and issue a new Note in a principal amount equal to such unpurchased portion of the Note surrendered, and, upon receipt of a Company Order in accordance
with Section 2.02 hereof, the Trustee shall authenticate and deliver (or cause to be transferred by book-entry) such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered; provided,
however, that each such new Note shall be in a principal amount of $2,000 or an integral multiple of $1,000. Any Note not so accepted shall be promptly mailed or delivered by the Company to the Holder thereof. 

(g) If the Purchase Date is on or after a Regular Record Date and on or before the related Interest Payment Date, any accrued and unpaid
interest shall be paid to the Person in whose name a Note is registered at the close of business on such Regular Record Date. 
 (h) The
Company shall comply, to the extent applicable, with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent those laws and regulations are applicable in connection with the Offer
to Purchase. To the extent that the provisions of any securities laws or regulations conflict with Sections 4.12 or 4.16, as applicable, this Section 3.08 or other provisions of this Indenture, the Company shall comply with applicable
securities laws and regulations and shall not be deemed to have breached its obligations under Sections 4.12 or 4.16, as applicable, this Section 3.08 or such other provision by virtue of such compliance. 

Other than as specifically provided in this Section 3.08, any purchase pursuant to this Section 3.08 shall be made in accordance
with the provisions of Sections 3.01 through 3.06 hereof. 
 Section 3.09 Special Mandatory Redemption. 

(a) If (i) the First Merger is not completed on or before the Outside Date, or (ii) prior to the Outside Date, the Merger Agreement
is terminated or the Company or the Escrow Issuer notifies the Trustee and the Escrow Agent or otherwise announces that the Merger Agreement has been or will be terminated or that the Company has determined that the First Merger will not otherwise
be pursued, then the Issuer shall, no later than three Business Days following the Outside Date or the date of such termination or notice, as applicable (the “Special Mandatory Redemption Date”), redeem the Notes (the
“Special Mandatory Redemption”) at a redemption price equal to 100.0% of the principal amount of the Notes, plus accrued and unpaid interest, if any, from the Issue Date to, but excluding, the Special Mandatory Redemption
Date (subject to the right of Holders on the relevant record date to receive interest due on an interest payment date falling prior to the Special Mandatory Redemption Date) (the “Special Mandatory Redemption Price”). 

(b) Notice of the Special Mandatory Redemption shall be sent by the Issuer no later than the next Business Day following the Outside Date or
the date of termination or the notice described in Section 3.09(a), as applicable, to each Holder at its registered address, the Trustee and the Escrow Agent. 

(c) All notices of the Special Mandatory Redemption shall state: 

(1) the Special Mandatory Redemption Date; 

(2) the Special Mandatory Redemption Price; 

  
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 (3) that on the Special Mandatory Redemption Date, the Special Mandatory
Redemption Price shall become due and payable; 
 (4) the place or places where the Notes are to be surrendered for payment
of the Special Mandatory Redemption Price; 
 (5) that the Notes shall cease to bear interest on and after the Special
Mandatory Redemption Date; and 
 (6) the CUSIP and/or ISIN numbers, if any, printed on the Notes; provided,
however, that such notice may state that no representation is made as to the correctness of such numbers. 
 (d) Subject to the terms
of the Escrow Agreement, upon receipt of the notice of Special Mandatory Redemption, the Escrow Agent shall liquidate no later than the last business day prior to the Special Mandatory Redemption Date, a portion of the Escrowed Property then held by
it sufficient, as determined solely by the Issuer, to pay the aggregate Special Mandatory Redemption Price. If the Escrowed Property is insufficient to pay the Special Mandatory Redemption Price on the Special Mandatory Redemption Date, the Issuer
shall deposit or cause to be deposited into the Escrow Account, on the business day prior to the Special Mandatory Redemption Date, an amount in cash that will cause the amount in the Escrow Account to be sufficient to pay the Special Mandatory
Redemption Price. On the Special Mandatory Redemption Date, the Escrow Agent shall pay to a paying agent for payment to each Holder the Special Mandatory Redemption Price for such Holder’s Notes. After the Special Mandatory Redemption Date and
the payment of the Special Mandatory Redemption Price, all interest earned on the Escrowed Property and any other Escrowed Property that is not required to be applied towards the Special Mandatory Redemption shall be paid to the Issuer upon the
Issuer’s request in accordance with the terms of the Escrow Agreement and the Issuer may use such funds at its discretion. 
 (e) The
Notes shall, on the Special Mandatory Redemption Date, become due and payable, and shall be paid by the Issuer, at the Special Mandatory Redemption Price. The Notes shall cease to bear interest on and after the Special Mandatory Redemption Date.

 ARTICLE 4. 

COVENANTS 

Section 4.01 Payment of Notes. 

The Issuer shall pay or cause to be paid the principal of, premium, if any, and interest on, the Notes on the dates and in the manner provided
in this Indenture and the Notes. Principal, premium, if any, and interest shall be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds as of 11:00 a.m. Eastern Time on the due date money
deposited by the Issuer in immediately available funds and designated for and sufficient to pay all principal, premium, if any, and interest then due. Such Paying Agent shall return to the Issuer promptly, and in any event, no later than five
(5) Business Days following the date of payment, any money (including accrued interest) that exceeds such amount of principal, premium, if any, and interest paid on the Notes. If a payment date is a Legal Holiday at a place of payment, payment
may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period. 

The Issuer shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium,
if any, from time to time on demand at a rate that is 1.0% per annum in excess of the rate then in effect; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest
(without regard to any applicable grace periods), from time to time on demand at the same rate to the extent lawful. 
 Interest shall be
computed on the basis of a 360-day year of twelve 30-day months. 

  
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 Section 4.02 Maintenance of Office or Agency. 

(a) The Issuer shall maintain an office or agency (which may be an office or drop facility of the Trustee or an Affiliate of the Trustee,
Registrar or co-registrar) where Notes may be presented or surrendered for registration of transfer or for exchange and where notices and demands to or upon the Issuer in respect of the Notes and this Indenture may be served. The Issuer shall give
prompt written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Issuer shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address
thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Issuer hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and
demands. 
 (b) The Issuer may also from time to time designate one or more other offices or agencies where the Notes may be presented or
surrendered for any or all such purposes and may from time to time rescind such designations. The Issuer shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office
or agency. 
 (c) The Issuer hereby designates the Corporate Trust Office of the Trustee, as one such office, drop facility or agency of the
Issuer in accordance with Section 2.05 hereof. 
 Section 4.03 SEC Reports. 

(a) Whether or not required, so long as the Notes are outstanding the Issuer will file with the SEC (unless the SEC will not accept such
filing), within the time periods specified in the SEC’s rules and regulations and deliver to the Trustee within 15 days after the filing of the same would be required by the SEC, copies of the quarterly and annual reports and of the
information, documents and other reports, if any, which the Issuer is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act. Notwithstanding that the Issuer may not be subject to the reporting requirements of
Section 13 or 15(d) of the Exchange Act, so long as the Notes are outstanding the Issuer will file with the SEC, to the extent permitted, and provide the Trustee with such annual reports and such information, documents and other reports
specified in Sections 13 and 15(d) of the Exchange Act within the time periods specified in the SEC’s rules and regulations. The Issuer will be deemed to have furnished such reports referred to in this section to the Trustee and the
Holders of the Notes if the Issuer has filed such reports with the SEC via the EDGAR filing system and such reports are publicly available. 

(b) Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of
such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Issuer’s compliance with any of its covenants hereunder (as to which the Trustee is entitled to
rely exclusively on Officers’ Certificates). 
 Section 4.04 Compliance Certificate. 

(a) The Issuer shall deliver to the Trustee, within 90 days after the end of each fiscal year, commencing with the fiscal year ending
December 31, 2016, an Officers’ Certificate stating that a review of the activities of the Issuer and its Subsidiaries during the preceding fiscal year, has been made under the supervision of the signing Officers with a view to determining
whether the Issuer and its Subsidiaries have kept, observed, performed and fulfilled their obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to the best of his or her knowledge the Issuer
and its Subsidiaries have kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions of this Indenture (or, if a
Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Issuer is taking or proposes to take with respect thereto) and that to the best of his or
her knowledge no event has occurred and remains in existence by reason of which payments on account of the principal of, premium, if any, or interest on the Notes is prohibited or if such event has occurred, a description of the event and what
action the Issuer is taking or proposes to take with respect thereto. 
 (b) The Issuer shall otherwise comply with TIA §314(a)(2).


  
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 (c) The Issuer shall deliver to the Trustee, within 30 days after the occurrence thereof, written
notice in the form of an Officers’ Certificate of any event that with the giving of notice and/or the lapse of time would become an Event of Default, its status and what action the Issuer is taking or proposes to take with respect thereto. 

Section 4.05 Taxes. 

The Issuer shall pay, and shall cause each of its Subsidiaries to pay, prior to delinquency, all material taxes, assessments and governmental
levies, except such as are being contested in good faith and by appropriate proceedings or where the failure to effect such payment is not adverse in any material respect to the Holders. 

Section 4.06 Stay, Extension and Usury Laws. 

The Issuer covenants (to the extent that it may lawfully do so) that it shall not at any time insist upon, plead, or in any manner whatsoever
claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this Indenture; and the Issuer (to the extent that it may
lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it shall not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and
permit the execution of every such power as though no such law has been enacted. 
 Section 4.07 Corporate Existence. 

Subject to Article 5 hereof, the Issuer shall do or cause to be done all things necessary to preserve and keep in full force and effect
(i) its corporate existence, and the corporate, partnership or other existence of each of its Restricted Subsidiaries, in accordance with the respective organizational documents (as the same may be amended from time to time) of the Issuer or
any such Restricted Subsidiary and (ii) the rights (charter and statutory), licenses and franchises of the Issuer and its Restricted Subsidiaries; provided, however, that the Issuer shall not be required to preserve any such
right, license or franchise, or the corporate, partnership or other existence of any Restricted Subsidiary, if the Board of Directors shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Issuer
and its Restricted Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders of the Notes, or that such preservation is not necessary in connection with any transaction not prohibited by this
Indenture. 
 Section 4.08 Payments for Consent. 

The Issuer will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, pay or cause to be paid any
consideration, whether by way of interest, fee or otherwise, to or for the benefit of any Holder for or as an inducement to any consent, waiver or amendment of any of the terms or provisions of this Indenture or the Notes unless such consideration
is offered to be paid and is paid to all Holders that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to such consent, waiver or agreement. 

Section 4.09 Incurrence of Indebtedness and Issuance of Preferred Stock. 

(a) The Issuer will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, issue, assume,
Guarantee or otherwise become directly or indirectly liable, contingently or otherwise, with respect to (collectively, “incur”) any Indebtedness (including Acquired Debt), and the Issuer will not issue any Disqualified Stock
and will not permit any of its Restricted Subsidiaries to issue any shares of preferred stock (including Disqualified Stock) other than to the Issuer; provided, however, that the Issuer may incur Indebtedness (including Acquired Debt)
or issue Disqualified Stock, and any Guarantor may incur Indebtedness (including Acquired Debt), if the Fixed Charge Coverage Ratio for the Issuer’s most recently ended four full fiscal quarters for which internal financial statements are
available immediately preceding the date on which such additional Indebtedness is incurred or such preferred stock or Disqualified Stock is issued would have been at least 2.0 to 1.0, determined on a pro forma basis (including a pro forma
application of the net proceeds therefrom), as if the additional Indebtedness had been incurred or the preferred stock or Disqualified Stock had been issued, as the case may be, at the beginning of such four-quarter period. 

  
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 (b) So long as no Default shall have occurred or be continuing or would be caused thereby,
Section 4.09(a) will not prohibit the incurrence of any of the following items of Indebtedness (collectively, “Permitted Debt”): 

(1) the incurrence by the Issuer or any Restricted Subsidiary of the Issuer of additional Indebtedness and letters of credit
under one or more Credit Facilities; provided that the aggregate principal amount of all Indebtedness and letters of credit of the Issuer and any Restricted Subsidiary of the Issuer incurred pursuant to this clause (1) (with letters of
credit being deemed to have a principal amount equal to the maximum potential liability of the Issuer and any Restricted Subsidiaries thereunder) does not exceed the greater of (x) $3,000.0 million and (y) 20.0% of Consolidated Total
Assets (less the aggregate principal amount of Indebtedness incurred by Securitization Subsidiaries and then outstanding pursuant to clause (13)); 

(2) the incurrence by the Issuer and any of its Restricted Subsidiaries of the Existing Indebtedness; 

(3) the incurrence by the Issuer and any of its Restricted Subsidiaries of Indebtedness represented by the Initial Notes and
the 2021 Notes, in each case, issued on the Issue Date, or any Exchange Notes issued in exchange thereof; 
 (4) the
incurrence by the Issuer or any of its Restricted Subsidiaries of Indebtedness represented by Capital Lease Obligations, mortgage financings or purchase money obligations, in each case incurred for the purpose of financing all or any part of the
purchase price or cost of construction or improvement of property, plant or equipment used in the business of the Issuer or such Restricted Subsidiary, in an aggregate principal amount, including all Permitted Refinancing Indebtedness incurred to
refund, refinance or replace any Indebtedness incurred pursuant to this clause (4), not to exceed the greater of (x) $425.0 million and (y) 2.5% of Consolidated Total Assets at any time outstanding; 

(5) the incurrence by the Issuer or any of its Restricted Subsidiaries of Permitted Refinancing Indebtedness in exchange for,
or the net proceeds of which are used to extend, defease, renew, refund, refinance or replace Indebtedness (other than intercompany Indebtedness) that was incurred under Section 4.09(a) or clauses (2), (3), (4), or this clause (5) of
this Section 4.09(b); 
 (6) the incurrence by the Issuer or any of its Restricted Subsidiaries of intercompany
Indebtedness between or among the Issuer and any of its Restricted Subsidiaries; provided, however, that (i) any subsequent issuance or transfer of Equity Interests that results in any such Indebtedness being held by a Person
other than the Issuer or a Restricted Subsidiary of the Issuer and (ii) any subsequent sale or other transfer of any such Indebtedness to a Person that is not either the Issuer or a Restricted Subsidiary of the Issuer shall be deemed, in each
case, to constitute an incurrence of such Indebtedness by the Issuer or such Restricted Subsidiary, as the case may be, that was not permitted by this clause (6); 

(7) Indebtedness arising from agreements of the Issuer or any of its Restricted Subsidiaries providing for indemnification,
adjustment of purchase price, earn out or other similar Obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any business, assets or shares of Capital Stock of a Restricted Subsidiary of the Issuer,
other than Guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or shares of Capital Stock of a Restricted Subsidiary for the purpose of financing such acquisition; 

(8) the incurrence of Indebtedness of the Issuer or any of its Restricted Subsidiaries represented by (a) letters of
credit for the account of the Issuer or any of its Restricted Subsidiaries or (b) other obligations to reimburse third parties pursuant to any surety bond, performance bond or other similar arrangements, which letters of credit or other
obligations, as the case may be, are intended to provide security for provider claims, workers’ compensation claims, payment obligations in connection with sales tax and insurance or other similar requirements in the ordinary course of
business; 
 (9) the incurrence by the Issuer or any of its Restricted Subsidiaries of Hedging Obligations; provided that
such Hedging Obligations are related to business transactions of the Issuer or its Restricted Subsidiaries entered into in the ordinary course of business and are entered into for bona fide hedging purposes (and not for speculative purposes) of the
Issuer or its Restricted Subsidiaries (as determined in good faith by the Board of Directors or senior management of the Issuer); 

  
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 (10) the Guarantee by the Issuer or any of the Restricted Subsidiaries of
Indebtedness of the Issuer or a Restricted Subsidiary of the Issuer that was permitted to be incurred by another provision of this Section 4.09; provided that if the Indebtedness being guaranteed is incurred by the Issuer and is
subordinated to the Notes, then the Guarantee of such Indebtedness by any of its Restricted Subsidiaries shall be subordinated to the same extent as the Indebtedness guaranteed; 

(11) Indebtedness incurred by a Foreign Restricted Subsidiary which, when aggregated with the principal amount of all other
Indebtedness incurred pursuant to this clause (11) and then outstanding, does not exceed the greater of (x) $550.0 million or (y) 3.25% of the Issuer’s Consolidated Total Assets; 

(12) Acquired Debt or other Indebtedness, which in the case of other Indebtedness, is incurred reasonably contemporaneously to
finance an acquisition, merger, consolidation or amalgamation, provided that after giving effect thereto, (a) the Issuer would be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test in
Section 4.09(a), or (b) the Fixed Charge Coverage Ratio for the four full fiscal quarters immediately preceding such incurrence for which internal financial statements are available would be no worse than immediately prior thereto; 

(13) Indebtedness incurred by a Securitization Subsidiary in connection with a Qualified Securitization Transaction that is not
recourse with respect to the Issuer and its Restricted Subsidiaries; provided, however, that in the event such Securitization Subsidiary ceases to qualify as a Securitization Subsidiary or such Indebtedness becomes recourse to the
Issuer or any of its Restricted Subsidiaries, such Indebtedness will, in each case, be deemed to be, and must be classified by the Issuer as, incurred at such time (or at the time initially incurred) under one or more of the other provisions of this
Section 4.09; 
 (14) the incurrence by the Issuer or any Restricted Subsidiary of the Issuer of Indebtedness to the
extent the proceeds thereof are used to purchase Notes pursuant to a Change of Control Offer or to defease or discharge Notes, in each case, in accordance with the terms of this Indenture; 

(15) the incurrence by the Issuer or any Restricted Subsidiary of the Issuer of Indebtedness consisting of (a) the
financing of insurance premiums or (b) take or pay obligations in supply agreements, in each case in the ordinary course of business; 

(16) Real Estate Indebtedness, not to exceed in the aggregate at any one time outstanding the greater of (x) $850.0
million or (y) 5.0% of the Issuer’s Consolidated Total Assets; 
 (17) Indebtedness in respect of secured or
unsecured letters of credit incurred by the Issuer or any Restricted Subsidiary of the Issuer in an aggregate principal amount not to exceed $500.0 million; 

(18) the incurrence by the Issuer or any of its Restricted Subsidiaries of additional Indebtedness in an aggregate principal
amount (or accreted value, as applicable) at any time outstanding, including all Permitted Refinancing Indebtedness incurred to extend, defease, renew, refund, refinance or replace any Indebtedness incurred pursuant to this clause (18), not to
exceed the greater of (x) $850.0 million and (y) 5.0% of Consolidated Total Assets; 
 (19) Indebtedness of the
Issuer or any Restricted Subsidiary of the Issuer arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds,
provided that such Indebtedness is satisfied within five business days of incurrence; and 
 (20) Indebtedness of the
Issuer or any Restricted Subsidiary of the Issuer in respect of cash management services entered into in the ordinary course of business and Guarantees of the Obligations of the Issuer or any Restricted Subsidiary in respect of such indebtedness.

 (c) For purposes of determining compliance with this Section 4.09, in the event that an item of Indebtedness meets the criteria of
more than one of the categories of Permitted Debt described in clauses (1) through (20) of Section 4.09(b) or is entitled to be incurred pursuant to Section 4.09(a), in each case, as of the date of incurrence thereof, the Issuer
shall, in its sole discretion, classify (or later reclassify in whole or in part), or divide 

  
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(or later redivide in whole or in part) such item of Indebtedness (or any portion thereof) in any manner that complies with this Section 4.09 and such Indebtedness will be treated as having
been incurred pursuant to such clauses or Section 4.09(a) hereof, as the case may be, designated by the Issuer. Indebtedness under Credit Facilities outstanding on the Issue Date or the Assumption Date will at all times be deemed to have been
incurred on such date in reliance on the exception provided by clause (1) of the definition of Permitted Debt. The accrual of interest or dividends, the accretion or amortization of original issue discount, the payment of interest on any
Indebtedness in the form of additional Indebtedness with the same terms, the reclassification of Equity Interests as Indebtedness due to a change in accounting principles, and the payment of dividends on Disqualified Stock in the form of additional
shares of the same class of Disqualified Stock will not be deemed to be an incurrence of Indebtedness or an issuance of Disqualified Stock for purposes of this Section 4.09. Notwithstanding any other provision of this covenant, the maximum
amount of Indebtedness that the Issuer or any Restricted Subsidiary of the Issuer may incur pursuant to this covenant shall not be deemed to be exceeded solely as a result of fluctuations in exchange rates or currency values. 

The amount of Indebtedness outstanding as of any date shall be (1) the accreted value thereof, in the case of any Indebtedness issued
with original issue discount, (2) the principal amount thereof, in the case of any other Indebtedness, (3) in the case of the Guarantee by the specified Person of any indebtedness of any other Person, the maximum liability to which the
specified Person may be subject upon the occurrence of the contingency giving rise to the obligation and (4) in the case of Indebtedness of others guaranteed by means of a Lien on any asset of the specified Person, the lesser of (A) the
Fair Market Value of such asset on the date on which Indebtedness is required to be determined pursuant to this Indenture and (B) the amount of the Indebtedness so secured. 

(d) The Issuer will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, incur any Indebtedness which by
its terms (or by the terms of any agreement governing such Indebtedness) is subordinated to any other Indebtedness of the Issuer or such Restricted Subsidiary, as the case may be, unless made expressly subordinate to the Notes to the same extent and
in the same manner as such Indebtedness is subordinated pursuant to subordination provisions that are most favorable to the holders of any other Indebtedness of the Issuer or such Restricted Subsidiary, as the case may be. 

Section 4.10 Restricted Payments. 

(a) The Issuer will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly: 

(1) declare or pay any dividend or make any other payment or distribution (A) on account of the Issuer’s or any of
its Restricted Subsidiaries’ Equity Interests (including, without limitation, any payment in connection with any merger or consolidation involving the Issuer or any of its Restricted Subsidiaries) or (B) to the direct or indirect holders
of the Issuer’s or any of its Restricted Subsidiaries’ Equity Interests in their capacity as such (other than dividends, payments or distributions (i) payable in Equity Interests (other than Disqualified Stock) of the Issuer or
(ii) to the Issuer or a wholly owned Restricted Subsidiary of the Issuer or to all holders of Capital Stock of a Restricted Subsidiary of the Issuer on a pro rata basis); 

(2) purchase, redeem or otherwise acquire or retire for value (including, without limitation, in connection with any merger or
consolidation involving the Issuer) any Equity Interests of the Issuer or any of its Restricted Subsidiaries (other than any such Equity Interests owned by the Issuer or any of its Restricted Subsidiaries); 

(3) make any payment on or with respect to, or purchase, redeem, defease or otherwise acquire or retire for value any
Subordinated Obligations, except a payment of interest or principal at the Stated Maturity thereof; or 
 (4) make any
Restricted Investment (all such payments and other actions set forth in clauses (1) through (3) above and this clause (4) being collectively referred to as “Restricted Payments”), 

unless, at the time of and after giving effect to such Restricted Payment: 

(A) no Default or Event of Default has occurred and is continuing or would occur as a consequence of such Restricted Payment;
and 

  
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 (B) the Issuer would, at the time of such Restricted Payment and after giving pro
forma effect thereto as if such Restricted Payment had been made at the beginning of the most recently ended four-quarter period, have been permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test
set forth in Section 4.09(a); and 
 (C) such Restricted Payment, together with the aggregate amount of all other
Restricted Payments made by the Issuer and its Restricted Subsidiaries after the Issue Date (excluding Restricted Payments permitted by clauses (b)(2), (3), (5), (6), (7) and (9) of this Section 4.10, is less than the sum, without
duplication, of: 
 (I) 50.0% of the Consolidated Net Income of the Issuer for the period (taken as one accounting period)
from the beginning of the first full fiscal quarter during which the Issue Date falls to the end of the Issuer’s most recently ended fiscal quarter for which internal financial statements are available at the time of such Restricted Payment
(or, if such Consolidated Net Income for such period is a deficit, less 100.0% of such deficit), plus 
 (II) 100.0%
of the aggregate net cash proceeds (and the Fair Market Value of property other than cash) received by the Issuer since the Issue Date as a contribution to its common equity capital or from the issue or sale of Equity Interests of the Issuer (other
than Disqualified Stock) or from the issue or sale of convertible or exchangeable Disqualified Stock or convertible or exchangeable debt securities of the Issuer, in either case, that have been converted into or exchanged for such Equity Interests
of the Issuer (other than Equity Interests or Disqualified Stock or debt securities sold to a Subsidiary of the Issuer), plus 

(III) to the extent that any Restricted Investment that was made after the Issue Date is sold for cash or otherwise liquidated
or repaid for cash, the cash proceeds and Fair Market Value, of property and marketable securities received with respect to such Restricted Investment (less the cost of disposition, if any), plus 

(IV) to the extent any Unrestricted Subsidiary has been redesignated as a Restricted Subsidiary of the Issuer under the terms
of this Indenture or has been merged, consolidated or amalgamated with or into, or transfers or conveys assets to, or is liquidated into the Issuer or a Restricted Subsidiary of the Issuer, an amount equal to the Fair Market Value of the
Issuer’s and the Restricted Subsidiaries’ aggregate Investment in such Unrestricted Subsidiary as of the date of such redesignation, combination or transfer (or of the assets transferred or conveyed, as applicable), plus 

(V) $500.0 million. 

(b) So long as no Default or Event of Default has occurred and is continuing or would be caused thereby, the preceding provisions will not
prohibit: 
 (1) the payment of any dividend or consummation of any redemption within 60 days after the date of declaration
of the dividend or the giving of a redemption notice, respectively, if at the date of declaration or the giving of a redemption notice, the dividend payment or redemption, respectively, would have complied with the provisions of this Indenture; 

(2) the redemption, repurchase, retirement, repayment, defeasance or other acquisition of any Subordinated Obligations or of
any Equity Interests of the Issuer in exchange for, or out of the net cash proceeds of the substantially concurrent sale (other than to a Restricted Subsidiary of the Issuer) of, Equity Interests of the Issuer (other than Disqualified Stock);
provided, however, that the amount of any such net cash proceeds from such sale that are utilized for any such redemption, repurchase, retirement, repayment, defeasance or other acquisition will be excluded from
Section 4.10(a)(4)(C)(II); 
 (3) the redemption, repurchase, repayment, retirement, defeasance or other acquisition of
any Subordinated Obligations with the net cash proceeds from an incurrence of Permitted Refinancing Indebtedness; provided, however, that the amount of any such net cash proceeds that are utilized for any such redemption, repurchase,
repayment, retirement, defeasance or other acquisition will be excluded from Section 4.10(a)(4)(C)(II); 

  
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 (4) the redemption, repurchase or other acquisition or retirement for value of
any Equity Interests of the Issuer or any Restricted Subsidiary of the Issuer (a) held by any current or former director, officer, employee or consultant (or the estate, heirs, family members, spouse, former spouse, domestic partner or former
domestic partner of any of the foregoing) of the Issuer (or any of its Restricted Subsidiaries) pursuant to any management equity subscription plan or agreement, stock option or stock purchase plan or agreement or employee benefit plan as may be
adopted by the Issuer from time to time or pursuant to any agreement with any director, officer, employee or consultant of the Issuer or (b) from an employee of the Issuer upon the termination of such employee’s employment with the Issuer;
provided, however, that the aggregate price paid for all such repurchased, redeemed, acquired or retired Equity Interests in reliance on this clause (4) may not exceed $15.0 million in any twelve-month period, with any unused
amounts in any twelve-month period being carried forward to the next two succeeding twelve-month periods and provided, further, that such amount in any twelve-month period may be increased by an amount not to exceed (A) the cash
proceeds from the sale of Equity Interests (other than Disqualified Stock) of the Issuer, in each case to members of management, directors or consultants of the Issuer, any of its Subsidiaries that occurs after the Issue Date, provided that
such cash proceeds utilized for redemptions, repurchases or other acquisitions or retirements will be excluded from Section 4.10(a)(4)(C)(II) plus (B) the cash proceeds of “key man” life insurance policies received by the Issuer
or its Restricted Subsidiaries after the Issue Date (provided that the Issuer may elect to apply all or any portion of the aggregate increase contemplated by clauses (A) and (B) above in any twelve-month period, it being understood
that the forgiveness of any debt by such Person shall not be a Restricted Payment hereunder) less (C) the amount of any Restricted Payments previously made pursuant to clauses (A) and (B) of this clause (4)); 

(5) repurchases, acquisitions or retirements of Capital Stock of the Issuer deemed to occur upon the exercise or vesting of
stock options, warrants or restricted stock or similar rights under employee benefit plans of the Issuer or its Subsidiaries if such Capital Stock represents all or a portion of the exercise price thereof or withholding tax thereon; 

(6) redemptions of common stock of the Issuer so long as the Total Debt Ratio is no more than 2.25 to 1.0 both as of the date
thereof (based on a computation period of the twelve-month period most recently ended) and on a pro forma basis after giving effect to such redemption; 

(7) cash payments in lieu of the issuance of fractional shares in connection with the exercise of warrants, options or other
securities convertible into or exchangeable for Capital Stock of the Issuer, provided, however, that any such cash payment shall not be for the purpose of evading the limitation of this Section 4.10 (as determined in good faith by the
Board of Directors of the Issuer); 
 (8) the repurchase, redemption or other acquisition or retirement for value of any
Subordinated Obligations or Disqualified Stock pursuant to provisions substantially identical to those in Sections 4.16 and 4.12 hereof; provided that a Change of Control Offer or Asset Sale Offer, as applicable, has been made and all
Notes tendered by Holders in connection with a Change of Control Offer or Asset Sale Offer, as applicable, have been repurchased, redeemed or acquired for value; and 

(9) other Restricted Payments in an aggregate amount which, when taken together with all other Restricted Payments made
pursuant to this clause (9), not to exceed the greater of (x) $850.0 million and (y) 5.0% of Consolidated Total Assets; 

(10) the payment by the Issuer of dividends on its common stock in an aggregate annual amount of $50.0 million; and 

(11) any Restricted Payment pursuant to or in connection with the Transactions, to the extent consistent with the disclosure in
the “Use of Proceeds” section of the Offering Memorandum. 
 (c) The amount of all Restricted Payments (other than cash) will be
the Fair Market Value on the date of the Restricted Payment of the assets, property or securities proposed to be transferred or issued by the Issuer or such Restricted Subsidiary, as the case may be, pursuant to the Restricted Payment. If the Issuer
or a Restricted 

  
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Subsidiary of the Issuer makes a Restricted Payment which at the time of the making of such Restricted Payment would in the good faith determination of the Issuer be permitted under the
provisions of this Indenture, such Restricted Payment shall be deemed to have been made in compliance with this Indenture notwithstanding any subsequent adjustments made in good faith to the Issuer’s financial statements affecting Consolidated
Net Income of the Issuer for any period. 
 (d) In the event that a Restricted Payment or Permitted Investment meets the criteria of more
than one of the types of Restricted Payments described in clauses (1) through (11) of Section 4.10(b) or Permitted Investments described in the definition thereof, the Issuer in its sole discretion may divide, classify or from time to
time reclassify all or any portion of such Restricted Payment or Permitted Investment in any manner that complies with this covenant and such Restricted Payment or Permitted Investment shall be treated as having been made pursuant only to the clause
or clauses of this covenant or of the definition of Permitted Investment to which such Restricted Payment or Permitted Investment has been classified or reclassified. 

Section 4.11 Liens. 

The Issuer will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur or assume or otherwise
cause or suffer to exist or become effective any consensual Liens of any kind (other than Permitted Liens) against or upon any of their respective properties or assets, now owned or hereafter acquired, or any proceeds, income or profit therefrom or
assign or convey any right to receive income therefrom, to secure any Indebtedness of the Issuer unless prior to, or contemporaneously therewith, the Notes are equally and ratably secured by a Lien on such property, assets, proceeds, income or
profit; provided, however, that if such Indebtedness is expressly subordinated to the Notes, the Lien securing such Indebtedness will be subordinated and junior to the Lien securing the Notes with the same relative priority as such
Indebtedness has with respect to the Notes. 
 Section 4.12 Asset Sales. 

The Issuer will not, and will not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless: 

(1) the Issuer (or the Restricted Subsidiary, as the case may be) receives consideration at the time of the Asset Sale at least
equal to the Fair Market Value of the assets sold, leased, transferred, conveyed or otherwise disposed of or of the Equity Interests of any Restricted Subsidiary of the Issuer issued, sold, transferred, conveyed or otherwise disposed of as
determined in good faith by the Issuer’s management; 
 (2) at least 75.0% of the consideration received in the Asset
Sale by the Issuer or such Restricted Subsidiary is in the form of cash or Cash Equivalents. For purposes of this clause (2), each of the following will be deemed to be cash: 

(a) any liabilities, as shown on the Issuer’s or such Restricted Subsidiary’s most recent balance sheet prepared in
accordance with GAAP, of the Issuer or any of its Restricted Subsidiaries (other than contingent liabilities and liabilities that are by their terms subordinated to the Notes) that are assumed by the transferee (or a third party on behalf of the
transferee) of any such assets whereby the Issuer or such Restricted Subsidiary is released from further liability whether specifically agreed by such transferee or third party or by operation of law; 

(b) any securities, notes or other obligations received by the Issuer or any such Restricted Subsidiary from such transferee
that are converted by the Issuer or such Restricted Subsidiary into cash or Cash Equivalents within 180 days, to the extent of the cash or Cash Equivalents received in that conversion; and 

(c) any Designated Non-cash Consideration received by the Issuer or any of its Restricted Subsidiaries in such Asset Sale
having an aggregate Fair Market Value, taken together with all other Designated Non-cash Consideration received pursuant to this clause (c) not to exceed 5.0% of the Consolidated Total Assets as of the end of the most recently ended fiscal
quarter for which internal financial statements are available prior to the date on which such Designated Non-cash Consideration is received (with the Fair Market Value of each item of Designated Non-cash Consideration being measured at the time
received and without giving effect to subsequent changes in value) shall be deemed to be cash for purposes of this Section 4.12 and for no other purpose; and 

  
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 (3) the Issuer delivers an Officers’ Certificate to the Trustee certifying
that such Asset Sale complies with the foregoing clauses (1) and (2). 
 To the extent that the Fair Market Value of any Asset Sale
exceeds 10.0% of Consolidated Total Assets as of the end of the most recently ended fiscal quarter for which internal financial statements are available prior to the date on which such Net Proceeds are received (with the Fair Market Value of each
Asset Sale being measured at the time of such Asset Sale), then, within 365 days after the receipt of any Net Proceeds from any such Asset Sale, the Issuer or such Restricted Subsidiary may apply those Net Proceeds (but shall only be required to
apply that portion of the Net Proceeds from such Asset Sale that exceeds 10.0% of Consolidated Total Assets) at its option (or any portion thereof): 

(1) to permanently repay Senior Debt of the Issuer (other than Indebtedness owed to the Issuer or any Affiliate of the Issuer)
and, if the Senior Debt repaid is revolving credit Indebtedness, to correspondingly reduce commitments with respect thereto; 

(2) to acquire all or substantially all of the assets of, or all of the Capital Stock of, another Person engaged in a Permitted
Business; or 
 (3) to acquire other long-term assets or property that are used in a Permitted Business; 

provided that a binding commitment to apply Net Proceeds as set forth in clauses (1), (2) and (3) above shall be treated as a permitted
application of the Net Proceeds from the date of such commitment so long as the Issuer or such Restricted Subsidiary enters into such commitment with the good faith expectation that such Net Proceeds will be applied to satisfy such commitment within
180 days of such commitment (an “Acceptable Commitment”) and, in the event any Acceptable Commitment is later cancelled or terminated for any reason before the Net Proceeds are applied in connection therewith, then the Issuer
or such Restricted Subsidiary shall be permitted to apply the Net Proceeds in any manner set forth in clauses (1), (2) and (3) above before the expiration of such 180-day period, and, in the event the Issuer or such Restricted Subsidiary
fails to do so, such Net Proceeds shall constitute Excess Proceeds. Pending the final application of any Net Proceeds, the Issuer may temporarily reduce revolving credit borrowings or otherwise invest the Net Proceeds in any manner that is not
prohibited by this Indenture. 
 Any Net Proceeds from Asset Sales that were required to be applied in accordance with the first sentence of
the immediately preceding paragraph and that are not so applied or invested as provided in the preceding paragraph will constitute “Excess Proceeds.” When the aggregate amount of Excess Proceeds exceeds $100.0 million, within
30 days thereof, the Issuer will make an offer (an “Asset Sale Offer”) to all Holders to purchase the maximum principal amount of Notes and, if the Issuer is required to do so under the terms of any other Indebtedness that is
pari passu with the Notes, such other Indebtedness on a pro rata basis with the Notes, that may be purchased out of the Excess Proceeds. The offer price in any Asset Sale Offer will be equal to 100.0% of principal amount plus accrued and
unpaid interest, if any, to the date of purchase, and will be payable in cash. If any Excess Proceeds remain after consummation of the purchase of all properly tendered and not withdrawn Notes pursuant to an Asset Sale Offer, the Issuer may use such
remaining Excess Proceeds for any purpose not otherwise prohibited by this Indenture. If the aggregate principal amount of Notes and other pari passu Indebtedness tendered into such Asset Sale Offer exceeds the amount of Excess Proceeds, the
Trustee will select the Notes and such other pari passu Indebtedness to be purchased on a pro rata basis. Upon completion of each Asset Sale Offer, the amount of Excess Proceeds will be reset at zero. 

The Issuer will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to
the extent those laws and regulations are applicable in connection with each repurchase of Notes pursuant to an Asset Sale Offer. To the extent that the provisions of any securities laws or regulations conflict with the Asset Sale provisions of this
Indenture, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this Sections 4.12 or 3.08 by virtue of such compliance. 

  
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 Section 4.13 Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries.

 The Issuer will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create or permit to exist or
become effective any consensual encumbrance or restriction on the ability of any of its Restricted Subsidiaries to: 
 (a) pay dividends or
make any other distributions on its Capital Stock to the Issuer or any of its Restricted Subsidiaries, or with respect to any other interest or participation in, or measured by, its profits, or pay any Indebtedness owed to the Issuer or any of its
Restricted Subsidiaries; 
 (b) make loans or advances to the Issuer or any of its Restricted Subsidiaries; or 

(c) sell, lease or transfer any of its properties or assets to the Issuer or any of its Restricted Subsidiaries. 

However, the preceding restrictions will not apply to encumbrances or restrictions existing under or by reason of: 

(1) (x) agreements governing Existing Indebtedness and Credit Facilities (including the Existing Revolving Credit
Facility) as in effect on the Issue Date and (y) the New Revolving Credit Facility as described in the Offering Memorandum, and any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or
refinancings of those agreements; provided that the amendments, modifications, restatements, renewals, increases, supplements, refundings, replacement or refinancings are no more restrictive (as determined in good faith by the Board of
Directors or senior management of the Issuer), taken as a whole, with respect to such dividend and other payment restrictions than those contained in those agreements on the Issue Date (or in the case of the New Revolving Credit Facility, as
described in the Offering Memorandum); 
 (2) this Indenture, the 2021 Indenture, the Notes and the 2021 Notes; 

(3) applicable law, rule, regulation or order of, or arrangement with, any regulatory body or agency; 

(4) any instrument governing Indebtedness or Capital Stock of a Person acquired by the Issuer or any of its Restricted
Subsidiaries as in effect at the time of such acquisition (except to the extent such Indebtedness or Capital Stock was incurred in connection with or in contemplation of such acquisition), which encumbrance or restriction is not applicable to any
Person, or the properties or assets of any Person, other than the Person, or the property or assets of the Person, so acquired; provided that, in the case of Indebtedness, such Indebtedness was permitted to be incurred by the terms of this
Indenture; 
 (5) restrictions on cash or other deposits or net worth imposed by customers or governmental regulatory bodies
or required by insurance, surety or bonding companies, in each case pursuant to contracts entered into in the ordinary course of business of the Issuer and its Restricted Subsidiaries; 

(6) customary non-assignment provisions in leases and other contracts entered into in the ordinary course of business and
consistent with industry practices; 
 (7) purchase money obligations for property acquired in the ordinary course of
business that impose restrictions on the property so acquired of the nature described in clause (c) of the preceding paragraph of this Section 4.13; 

(8) any agreement for the sale or other disposition of a Restricted Subsidiary of the Issuer or the assets of a Restricted
Subsidiary of the Issuer that restricts distributions by such Restricted Subsidiary pending its sale or other disposition or the sale or other disposition of its assets; 

(9) Permitted Refinancing Indebtedness; provided, however, that the restrictions contained in the agreements
governing such Permitted Refinancing Indebtedness are not materially more restrictive, taken as a whole, than those contained in the agreements governing the Indebtedness being refinanced (as determined in good faith by the Board of Directors or
senior management of the Issuer); 

  
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 (10) Liens securing Indebtedness otherwise permitted to be incurred under the
provisions of Section 4.11 that limit the right of the debtor to dispose of the assets subject to such Liens; and 

(11) provisions with respect to the disposition or distribution of assets or property in joint venture agreements, asset sale
agreements, stock sale agreements and other similar agreements entered into in the ordinary course of business, which encumbrance or restriction is applicable only to the assets or property that are the subject of such agreements. 

Section 4.14 Affiliate Transactions. 

The Issuer will not, and will not permit any of its Restricted Subsidiaries to, make any payment to, or sell, lease, transfer or otherwise
dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any transaction, contract, agreement, understanding, loan, advance or Guarantee with, or for the benefit of, any Affiliate (each,
an “Affiliate Transaction”), unless: 
 (1) the Affiliate Transaction is on terms that are no less
favorable to the Issuer or the relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Issuer or such Restricted Subsidiary with an unrelated Person; and 

(2) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in
excess of $50.0 million, the Board of Directors of the Issuer has determined that such Affiliate Transaction complies with this Section 4.14 and that such Affiliate Transaction has been approved by a majority of the disinterested members of the
Board of Directors of the Issuer. 
 The following items will not be deemed to be Affiliate Transactions and, therefore,
will not be subject to this Section 4.14: 
 (1) transactions solely between or among the Issuer and/or any of its
Restricted Subsidiaries or solely among its Restricted Subsidiaries; 
 (2) issuances or sales of Equity Interests of the
Issuer (other than Disqualified Stock) to Affiliates of the Issuer; 
 (3) reasonable and customary directors’ fees,
indemnification and similar arrangements, consulting fees, employee salaries, bonuses or employment agreements, compensation or employee benefit arrangements and incentive arrangements with any officer, director or employee of the Issuer or a
Restricted Subsidiary of the Issuer entered into in the ordinary course of business; 
 (4) any payments or other
transactions pursuant to a Tax Sharing Agreement; 
 (5) any Restricted Payments, Permitted Investments or other transactions
made in compliance with Section 4.10; 
 (6) loans and advances to non-executive officers and employees of the Issuer or
any of its Restricted Subsidiaries in the ordinary course of business made in accordance with the past practices of the Issuer or any of its Restricted Subsidiaries; 

(7) any agreement as in effect on the Issue Date or any amendment thereto so long as any such amendment is not more
disadvantageous to the Holders in any material respect than the original agreement as in effect on the Issue Date; 
 (8)
sales or other dispositions of accounts receivable or licensing royalties and related assets to a Securitization Subsidiary in a Qualified Securitization Transaction; provided that such accounts receivable or licensing royalties are
customarily transferred in such a transaction; 
 (9) any employment agreements, consultant agreements or employee benefit
arrangements with any employee, consultant, officer or director of the Issuer or any of its Restricted Subsidiaries, including under any stock option, stock appreciation right, stock incentive or similar plan, entered into in the ordinary course of
business, and the transactions pursuant thereto; 

  
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 (10) any transaction effected as part of a Qualified Securitization Transaction;

 (11) transactions entered into by a Person prior to the time such Person becomes a Restricted Subsidiary of the Issuer or
is merged or consolidated into the Issuer or a Restricted Subsidiary of the Issuer; provided that such transaction is not entered into in contemplation of such event; 

(12) transactions in which the Issuer or any of its Restricted Subsidiaries, as the case may be, delivers to the Trustee a
letter from an Independent Financial Advisor stating that such transaction is fair to the Issuer or such Restricted Subsidiary from a financial point of view or stating that the terms are not materially less favorable to the Issuer or its relevant
Restricted Subsidiary than those that would have been obtained in a comparable transaction by the Issuer or such Restricted Subsidiary with an unrelated Person on an arm’s length basis; 

(13) (a) transactions with customers, clients, suppliers, landlords, lessors, or purchasers or sellers of goods or
services, in each case in the ordinary course of business and otherwise in compliance with the terms of this Indenture that are fair to the Issuer, or are on terms at least as favorable as would reasonably have been entered into at such time with an
unaffiliated party (as determined in good faith by the Board of Directors or senior management of the Issuer) and (b) transactions with joint ventures or Unrestricted Subsidiaries entered into in the ordinary course of business; 

(14) transactions with a Person that is an Affiliate of the Issuer solely because the Issuer, directly or indirectly, owns
Equity Interests in such Person; and 
 (15) transactions with an Affiliate of the Issuer where the only consideration paid
by the Issuer or any Restricted Subsidiary of the Issuer is Capital Stock of the Issuer (other than Disqualified Stock). 

Section 4.15 Designation of Restricted and Unrestricted Subsidiaries. 

The Issuer’s Board of Directors may designate any of its Restricted Subsidiaries to be an Unrestricted Subsidiary if that designation
would not cause a Default and if that designation otherwise is consistent with the definition of an Unrestricted Subsidiary. If any of the Issuer’s Restricted Subsidiaries is designated as an Unrestricted Subsidiary, the aggregate Fair Market
Value of all outstanding Investments owned by the Issuer and its Restricted Subsidiaries in the newly designated Unrestricted Subsidiary shall be deemed to be an Investment made as of the time of that designation and will reduce the amount available
for Restricted Payments under Section 4.10(a) or Permitted Investments, as determined by the Issuer. The designation of such a Subsidiary or Person as an Unrestricted Subsidiary will be permitted only if the deemed Investment would be permitted
at the time the Restricted Subsidiary is designated as an Unrestricted Subsidiary and, in any case, if that Subsidiary or Person otherwise satisfies the requirements set forth in the definition of Unrestricted Subsidiary. 

Any designation of a Subsidiary of the Issuer as an Unrestricted Subsidiary will be evidenced to the Trustee by filing with the Trustee a
certified copy of a Board Resolution of the Issuer giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the preceding conditions and was permitted under the provisions of
Section 4.10. If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any
Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Issuer as of such date and, if such Indebtedness is not permitted to be incurred as of such date under the provisions of Section 4.09 the Issuer
will be in Default. The Board of Directors of the Issuer may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary of the Issuer; provided that such designation will be deemed to be an incurrence of Indebtedness by a
Restricted Subsidiary of the Issuer of any outstanding Indebtedness of such Unrestricted Subsidiary and such designation will only be permitted if (1) such Indebtedness is permitted under Section 4.09, calculated on a pro forma basis as if
such designation had occurred at the beginning of the four-quarter reference period; and (2) no Default or Event of Default would be in existence following such designation. 

  
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 Any Subsidiary of an Unrestricted Subsidiary shall also be deemed an Unrestricted Subsidiary.

 For the avoidance of doubt, the Escrow Issuer shall be deemed an Unrestricted Subsidiary prior to the Assumption Date. Prior to the
Assumption Date, the Escrow Issuer shall be subject to Section 4.20. 
 Section 4.16 Repurchase at the Option of Holders Upon a
Change of Control. 
 (a) Upon the occurrence of a Change of Control, the Issuer shall, within 30 days following the date upon which a
Change of Control occurred, make an offer (the “Change of Control Offer”) pursuant to the procedures set forth in Section 3.08. Each Holder shall have the right to accept such offer and require the Issuer to repurchase
all or any portion (equal to $2,000 or an integral multiple of $1,000) of such Holder’s Notes pursuant to the Change of Control Offer at a purchase price, in cash (the “Change of Control Amount”), equal to 101.0% of the
aggregate principal amount of Notes repurchased, plus accrued and unpaid interest, if any, on the Notes repurchased, to the Purchase Date (subject to the right of Holders of record on the relevant record date to receive interest due on an interest
payment date falling prior to the Purchase Date). 
 (b) The Issuer will not be required to make a Change of Control Offer upon a Change of
Control if a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to the Issuer and purchases all Notes properly tendered and not withdrawn
under the Change of Control Offer. A Change of Control Offer may be made in advance of a Change of Control and may be conditional upon the occurrence of a Change of Control, if a definitive agreement is in place for the Change of Control at the time
the Change of Control Offer is made. 
 Section 4.17 Limitation on Issuances of Guarantees of Indebtedness. 

The Issuer will not permit any of its Restricted Subsidiaries, directly or indirectly, to guarantee or pledge any assets to secure the payment
of any other Indebtedness of the Issuer unless such Restricted Subsidiary simultaneously executes and delivers a supplemental indenture providing for the guarantee of the payment of the Notes by such Restricted Subsidiary. The Subsidiary Guarantee
will be (1) senior to such Restricted Subsidiary’s Guarantee of or pledge to secure such other Indebtedness if such other Indebtedness is subordinated to the Notes; or (2) pari passu with such Restricted Subsidiary’s
Guarantee of or pledge to secure such other Indebtedness if such other Indebtedness is not subordinated to the Notes. 
 The Subsidiary
Guarantee of a Guarantor will be automatically and unconditionally released: 
 (1) in connection with any sale or other
disposition of all or substantially all of the assets of that Guarantor (including by way of merger or consolidation) to a Person that is not (either before or after giving effect to such transaction) the Issuer or a Subsidiary of the Issuer, if the
sale or other disposition is permitted under Section 4.12 hereof; 
 (2) in connection with any sale or other
disposition of all of the Capital Stock of that Guarantor to a Person that is not (either before or after giving effect to such transaction) the Issuer or a Subsidiary of the Issuer, if the sale or other disposition does not violate the provisions
of this Indenture, including Section 4.12 hereof; and such Guarantor ceases to be a Restricted Subsidiary as a result of such sale or other disposition; 

(3) if the Issuer designates any of its Restricted Subsidiaries that is a Guarantor to be an Unrestricted Subsidiary in
accordance with the applicable provisions of this Indenture; 
 (4) upon legal defeasance, covenant defeasance or
satisfaction and discharge of the Notes as provided under Sections 8.02, 8.03 and 11.01 hereof; or 
 (5) if such
Guarantor is released from the underlying Guarantee of Indebtedness giving rise to the execution of a Subsidiary Guarantee. 
 The form of Subsidiary
Guarantee is attached hereto as Exhibit B and the related form of supplemental indenture is attached hereto as Exhibit D. Notwithstanding the foregoing terms of this Section 4.17, if the Issuer guarantees Indebtedness incurred by
any of its Restricted Subsidiaries, such Guarantee by the Issuer will not require any of its Restricted Subsidiaries to provide a Subsidiary Guarantee for the Notes. 

  
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 Section 4.18 Covenant Termination. 

Following the first day after the Assumption Date: 

(a) the Notes have an Investment Grade Rating; and 

(b) no Default has occurred and is continuing under this Indenture; 

the Issuer and its Restricted Subsidiaries shall cease to be subject to the provisions of: 

(1) Section 4.09; 

(2) Section 4.10; 

(3) Section 4.12 

(4) Section 4.13; 

(5) Section 4.14; and 

(6) Section 4.17 

(collectively, the “Terminated Covenants”). No Default, Event of Default or breach of any kind shall be deemed to exist under the
Indenture or the Notes with respect to the Terminated Covenants based on, and none of the Issuer or any of its Subsidiaries shall bear any liability for, any actions taken or events occurring after the Notes attain an Investment Grade Rating,
regardless of whether such actions or event would have been permitted if the applicable Terminated Covenants remained in effect. The Terminated Covenants will not be reinstated even if the Issuer subsequently does not satisfy the requirements set
forth in clauses (a) and (b) of this Section 4.18. After the Terminated Covenants have been terminated, the Issuer and its Restricted Subsidiaries shall remain subject to the provisions of Section 4.16 and the following Sections:

 (1) Section 4.03; 

(2) Section 4.08; 

(3) Section 4.11; and 

(4) Section 5.01 (other than the financial test set forth in clause (a)(4) thereof). 

Section 4.19 Escrow Agreement. 

(a) Concurrently with the issuance of the Initial Notes on the Issue Date, the Escrow Issuer shall enter into the Escrow Agreement, pursuant to
which the Escrow Issuer will deposit or cause to be deposited in an escrow account (the “Escrow Account”) with the Escrow Agent (i) an amount equal to the gross proceeds of the offering of the Initial Notes and the 2021
Notes, in each case, issued on the Issue Date and (ii) an additional amount in cash (collectively, with any other property from time to time held by the Escrow Agent for the benefit of the Holders, the “Escrowed
Property”) that, when taken together with the gross proceeds deposited into the Escrow Account, will be sufficient to fund a Special Mandatory Redemption of the Initial Notes and the 2021 Notes on February 29, 2016, if a Special
Mandatory Redemption were to occur on such date, plus an amount equal to five days of interest accrued on the Initial Notes and the 2021 Notes. In addition, pursuant to the Escrow Agreement, on or prior to the date that is five business days prior
to the last day of each month, from and including February 2016 through and including June 2016 (in each case, unless the Escrowed Property has been released in accordance with the terms of the Escrow Agreement (such release, the “Escrow
Release”), the Issuer will deposit or cause to be deposited into the Escrow Account an amount of cash equal to the amount of interest that will accrue on the Initial Notes and the 2021 Notes from (and including) the first day of the
following month through (and including) the last day of such following month. If the Escrowed Property is insufficient to pay the Special Mandatory Redemption Price on the Special Mandatory Redemption Date, the Issuer shall deposit or cause to be
deposited into the Escrow Account, on the business day prior to the Special Mandatory Redemption Date, an amount in cash that will cause the amount in the Escrow Account to be sufficient to pay the Special Mandatory Redemption Price. 

  
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 (b) From the Issue Date until the Escrow Release, the Trustee shall, for the benefit of the
Trustee and the Holders and the holders of the 2021 Notes, be granted a first-priority Lien on the Escrowed Property pursuant to Section 15 of the Escrow Agreement. Upon the Escrow Release, such Lien of the Trustee on the Escrowed Property
shall be extinguished. 
 (c) The Issuer shall only be entitled to direct the Escrow Agent to release the Escrowed Property upon
satisfaction of the conditions set forth in the Escrow Agreement, which shall be certified in writing by the Issuer in an Officers’ Certificate delivered to the Trustee and the Escrow Agent contemporaneously with the release of any Escrowed
Property. 
 Section 4.20 Limitations on Activities Prior to the Escrow Merger. 

(a) Prior to the Escrow Merger, the Escrow Issuer shall remain a wholly-owned Subsidiary of the Company and shall limit its activities to
(i) issuing the Notes and the 2021 Notes, (ii) performing its obligations under this Indenture, the 2021 Indenture, the Purchase Agreement, the Registration Rights Agreement and the registration rights agreement related to the 2021 Notes,
and the Escrow Agreement (including the granting of the Lien on the Escrowed Property), (iii) instructing the Escrow Agent with respect to the investment of the Escrowed Property in accordance with the terms of the Escrow Agreement,
(iv) consummating the Escrow Merger, (v) redeeming the Notes on the Special Mandatory Redemption Date, if applicable, and redeeming the 2021 Notes if required under the 2021 Indenture and (vi) conducting such other activities as are
necessary or appropriate to carry out the activities described in this Section 4.20 or Section 4.20 of the 2021 Indenture. Prior to the Escrow Merger, the Escrow Issuer will not own, hold or otherwise have any interest in any assets other
than the Escrowed Property. The Escrow Issuer shall not engage in any business operations or other activities, including incurring Indebtedness, making Restricted Payments, consummating Asset Sales, entering into Affiliate Transactions, incurring or
permitting to exist any Lien on any of its properties, other than those contemplated by this Section 4.20(a). 
 (b) To the extent the
Company or any Restricted Subsidiary has incurred Indebtedness, made any Restricted Payments, consummated any Asset Sales, entered into any Affiliate Transactions, incurred or permitted to exist any Lien on any of its properties, or otherwise taken
any action or engaged in any activities during the period beginning on the Issue Date and ending on the Assumption Date, such actions and activities shall be treated and classified under this Indenture as if this Indenture and the covenants set
forth herein had applied to the Company and its Restricted Subsidiaries during such period, except for any covenant which, by its terms, is incapable of being complied with by the Company prior to the Assumption Date. 

ARTICLE 5. 
 SUCCESSORS

 Section 5.01 Merger, Consolidation or Sale of Assets 

(a) Except for the Escrow Merger (which is explicitly permitted), the Issuer may not, directly or indirectly, consolidate or merge with or into
another Person (whether or not the Issuer is the surviving corporation) or sell, assign, transfer, convey, lease or otherwise dispose of all or substantially all of its properties or assets in one or more related transactions, to another person,
unless: 
 (1) either: 

(A) the Issuer is the surviving person or 

(B) the Person formed by or surviving any such consolidation or merger (if other than the Issuer) or to which such sale,
assignment, transfer, lease, conveyance or other disposition has been made (the “Surviving Entity”) is a corporation organized or existing under the laws of the United States of America, any state thereof or the District of
Columbia; 

  
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 (2) the Surviving Entity expressly assumes, pursuant to agreements reasonably
satisfactory to the Trustee, all the Obligations of the Issuer under the Notes and this Indenture and the Registration Rights Agreement; 

(3) immediately after giving effect to such transaction no Default or Event of Default shall have occurred and be continuing;

 (4) except with respect to a consolidation or merger of the Issuer with or into a Restricted Subsidiary of the Issuer, the
Issuer or the Surviving Entity would, on the date of such transaction after giving pro forma effect thereto and any related financing transactions as if the same had occurred at the beginning of the four full fiscal quarters immediately preceding
such transaction for which internal financial statements are available, (a) be permitted to incur at least $1.00 of additional Indebtedness pursuant to the Fixed Charge Coverage Ratio test set forth in Section 4.09(a) hereof or
(b) have a Fixed Charge Coverage Ratio that is no worse than the Fixed Charge Coverage Ratio of the Issuer for four full fiscal quarters immediately preceding such transaction for which internal financial statements are available; and 

(5) the Issuer shall deliver, or cause to be delivered, to the Trustee, in form and substance satisfactory to the Trustee, in
its reasonable judgment, an Officers’ Certificate and an Opinion of Counsel, each stating that such transaction or series of transactions and the supplemental indenture, if any, in respect thereto comply with this Section 5.01 and that all
conditions precedent herein provided for relating to such transaction or series of transactions have been satisfied. 
 (b) The sale,
assignment, transfer, lease, conveyance or other disposition of all or substantially all of the properties or assets of one or more Subsidiaries of the Issuer, which properties or assets, if held by the Issuer instead of such Subsidiaries, would
constitute all or substantially all of the properties or assets of the Issuer on a consolidated basis, shall be deemed to be the transfer of all or substantially all of the properties or assets of the Issuer. 

Section 5.02 Successor Corporation Substituted. 

The Surviving Entity shall succeed to, and be substituted for, and may exercise every right and power of the Issuer or a Guarantor, as
applicable, under this Indenture; provided, however, that the predecessor entity shall not be released from any of the obligations or covenants under this Indenture, including with respect to the payment of the Notes and obligations
under a Subsidiary Guarantee, if any, in the case of: 
 (a) a sale, transfer, assignment, conveyance or other disposition
(unless such sale, transfer, assignment, conveyance or other disposition is of all or substantially all of the assets of the Issuer, taken as a whole), or 

(b) a lease. 

Section 5.03 Escrow Merger. 

Upon the consummation of the Assumption, the Company shall (i) execute and deliver to the Trustee an Officers’ Certificate
identifying and confirming the Assumption Date, (ii) execute and deliver to the Trustee a supplemental indenture substantially in the form of Exhibit C, whereupon the Company shall be the Surviving Entity and shall succeed to, and
be substituted for, and may exercise every right and power of, the Escrow Issuer under this Indenture, and (iii) deliver to the Trustee an Opinion of Counsel (which may contain customary exceptions) that such supplemental indenture complies
with the requirements of this Section 5.03 and has been duly authorized, executed and delivered by the Company and constitutes a legal, valid, binding and enforceable obligation of the Company. Notwithstanding anything in this Indenture to the
contrary, the Escrow Merger upon (or substantially concurrently with) the consummation of the Assumption shall be permitted under this Indenture. 

  
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 ARTICLE 6. 

DEFAULTS AND REMEDIES 

Section 6.01 Events of Default. 

Each of the following constitutes an “Event of Default” with respect to the Notes: 

(a) default for 30 consecutive days in the payment when due and payable of interest on the Notes; 

(b) default in the payment when due and payable of the principal of or premium, if any, on the Notes (upon maturity, redemption, required
repurchase or otherwise); 
 (c) failure by the Issuer or any of its Restricted Subsidiaries to comply with Section 5.01; 

(d) failure by the Issuer or any of its Restricted Subsidiaries for 30 consecutive days after notice to comply with the provisions described
under Sections 4.12 and 4.16 hereof; 
 (e) failure by the Issuer for 120 days after notice to comply with the provisions described
under Section 4.03; 
 (f) failure by the Issuer or any of its Restricted Subsidiaries for 60 consecutive days after notice to the
Issuer by the Trustee or the Holders of at least 25.0% in the aggregate principal amount of the Notes then outstanding, voting as a single class, to comply with any of its other covenants or agreements in this Indenture or the Notes; 

(g) default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any
Indebtedness for money borrowed by the Issuer or any of its Restricted Subsidiaries (or the payment of which is guaranteed by the Issuer or any of its Restricted Subsidiaries), whether such Indebtedness or Guarantee now exists, or is created after
the Issue Date, if that default: 
 (A) is caused by a failure to pay principal of, or interest or premium, if any, on such
Indebtedness prior to the expiration of any applicable grace period (a “Payment Default”); or 
 (B)
results in the acceleration of such Indebtedness prior to its express maturity, 
 and, in each case, the principal amount of any such Indebtedness,
together with the principal amount of any other such Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $125.0 million or more; 

(h) failure by the Issuer or any of its Restricted Subsidiaries to pay final non-appealable judgments entered by a court or courts of
competent jurisdiction aggregating in excess of $125.0 million, which judgments are not paid, discharged or stayed for a period of 60 days; 

(i) the Issuer or any Significant Subsidiary or any group of its Subsidiaries that, taken together, would constitute a Significant Subsidiary
pursuant to or within the meaning of any Bankruptcy Law: 
 (A) commences a voluntary case or gives notice of intention to
make a proposal under any Bankruptcy Law; 
 (B) consents to the entry of an order for relief against it in an involuntary
case or consents to its dissolution or winding up; 
 (C) consents to the appointment of a receiver, interim receiver,
receiver and manager, liquidator, trustee or custodian of it or for all or substantially all of its property; 
 (D) makes a
general assignment for the benefit of its creditors; or 

  
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 (E) admits in writing its inability to pay its debts as they become due or
otherwise admits its insolvency; 
 (j) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(A) is for relief against the Issuer or any of its Significant Subsidiaries or any group of its Subsidiaries that, when taken
together, would constitute a Significant Subsidiary in an involuntary case; or 
 (B) appoints a receiver, interim receiver,
receiver and manager, liquidator, trustee or custodian of the Issuer or any of its Significant Subsidiaries or any group of Subsidiaries that, when taken together, would constitute a Significant Subsidiary or for all or substantially all of the
property of the Issuer or any of its Significant Subsidiaries or any group of Subsidiaries that, when taken together, would constitute a Significant Subsidiary; or 

(C) orders the liquidation of the Issuer or any of its Significant Subsidiaries or any group of Subsidiaries that, when taken
together, would constitute a Significant Subsidiary; 
 and such order or decree remains unstayed and in effect for 60 consecutive days; and

 (k) the failure by the Issuer to pay or cause to be paid the Special Mandatory Redemption Price on the Special Mandatory Redemption Date,
if required under Section 3.09. 
 Section 6.02 Acceleration. 

If any Event of Default (other than those of the type described in Section 6.01(i) or (j)) occurs and is continuing, the Trustee may, and
the Trustee upon the request of Holders of 25.0% in aggregate principal amount of the outstanding Notes shall, or the Holders of at least 25.0% in aggregate principal amount of outstanding Notes may, declare the principal, premium, if any, and
accrued and unpaid interest, if any, of all the outstanding Notes, to be due and payable by notice in writing to the Issuer and the Trustee specifying the respective Event of Default and that such notice is a notice of acceleration (the
“Acceleration Notice”), and the same shall become immediately due and payable. 
 In the case of an Event of Default
specified in Section 6.01(i) or (j) the principal, premium, if any, and accrued and unpaid interest, if any, of all of the outstanding Notes shall become due and payable immediately without any further action or notice on the part of the
Trustee or the Holders. Holders may not enforce this Indenture or the Notes except as provided in this Indenture. 
 Section 6.03
Other Remedies. 
 If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of
principal, premium, if any, and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 
 The
Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default
shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies shall be cumulative to the extent permitted by law. 

Section 6.04 Waiver of Defaults. 

(a) The Holders of at least a majority in aggregate principal amount of the Notes then outstanding by notice to the Trustee may on behalf of
the Holders of all of the Notes (i) waive any existing Default or Event of Default, and its consequences, except a continuing Default or Event of Default (A) in the payment of the principal of, premium, if any, or interest, on the Notes
and (B) in respect of a covenant or provision which under this Indenture cannot be modified or amended without the consent of the Holder of each Note affected by such modification or amendment and (ii) rescind any acceleration and its
consequences with respect to the Notes. 

  
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 (b) Upon any waiver of a Default or Event of Default, such Default shall cease to exist, and any
Event of Default arising therefrom shall be deemed cured for every purpose of this Indenture but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any right consequent thereon. 

Section 6.05 Control by Majority. 

Subject to Sections 7.01, 7.02(f) (including the Trustee’s receipt of the security or indemnification described therein) and 7.07
hereof, in case an Event of Default shall occur and be continuing, the Holders of a majority in aggregate principal amount of the Notes then outstanding shall have the right to direct the time, method and place of conducting any proceeding for any
remedy available to the Trustee or exercising any trust or power conferred on the Trustee with respect to the Notes. 
 Section 6.06
Limitation on Suits. 
 No Holder shall have any right to institute any proceeding with respect to this Indenture, or for the appointment
of a receiver or trustee, or for any remedy hereunder, unless: 
 (a) such Holder has previously given to the Trustee written notice of a
continuing Event of Default or the Trustee receives the notice from the Issuer; 
 (b) Holders of at least 25.0% in aggregate principal
amount of the Notes then outstanding have made written request and offered indemnity to the Trustee reasonably satisfactory to it to institute such proceeding as Trustee; and 

(c) the Trustee shall not have received from the Holders of a majority in aggregate principal amount of the Notes then outstanding a direction
inconsistent with such request and shall have failed to institute such proceeding within 60 days. 
 The preceding limitations shall not
apply to a suit instituted by a Holder for enforcement of payment of principal of, and premium, if any, or interest on, a Note on or after the respective due dates for such payments set forth in such Note. 

A Holder may not use this Indenture to affect, disturb or prejudice the rights of another Holder or to obtain a preference or priority over
another Holder. 
 Section 6.07 Rights of Holders to Receive Payment. 

Notwithstanding any other provision of this Indenture (including Section 6.06), the right of any Holder to receive payment of principal,
premium, if any, and interest on the Notes held by such Holder, on or after the respective due dates expressed in the Notes (including in connection with an Offer to Purchase), or to bring suit for the enforcement of any such payment on or after
such respective dates, shall not be impaired or affected without the consent of such Holder. 
 Section 6.08 Collection Suit by
Trustee. 
 If an Event of Default specified in Section 6.01(a) or (b) occurs and is continuing, the Trustee is authorized to
recover judgment in its own name and as trustee of an express trust against the Issuer for the whole amount of principal of, premium, if any, and interest then due and owing (together with interest on overdue principal and, to the extent lawful,
interest) and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

Section 6.09 Trustee May File Proofs of Claim. 

The Trustee shall be authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order to have
the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relative to the Issuer (or any other
obligor upon the Notes), its assets or its 

  
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property and shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims and any custodian in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof. To the extent that the payment of any such compensation, expenses,
disbursements and advances of the Trustee and its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured
by a Lien on, and shall be paid out of, any and all distributions, moneys, securities and any other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or arrangement
or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the
rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.10 Priorities. 

If the Trustee collects any money pursuant to this Article 6, it shall pay out the money in the following order: 

First: to the Trustee, its agents and attorneys for amounts due under Section 7.07 hereof, including payment of all compensation,
expenses and liabilities incurred, and all advances made, by the Trustee and the costs and expenses of collection; 
 Second: to
Holders for amounts due and unpaid on the Notes for principal, premium, if any, and interest ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal, premium, if any, and interest,
respectively; and 
 Third: to the Issuer or to such party as a court of competent jurisdiction shall direct. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.10. 

Section 6.11 Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted
by it as a Trustee, a court in its discretion may require the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and the court in its discretion may assess reasonable costs, including reasonable
attorneys’ fees and expenses, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 shall not apply to a suit by the Trustee, a suit
by the Issuer, a suit by a Holder pursuant to Section 6.07 hereof, or a suit by Holders of more than 10% in principal amount of the then outstanding Notes. 

ARTICLE 7. 
 TRUSTEE

 Section 7.01 Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in it by this
Indenture, and use the same degree of care and skill in its exercise, as a prudent Person would exercise or use under the circumstances in the conduct of such Person’s own affairs. 

  
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 (b) Except during the continuance of an Event of Default: 

(1) the duties of the Trustee shall be determined solely by the express provisions of this Indenture and the Trustee need
perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, in the case of certificates or opinions specifically required by any provision
herein to be furnished to it, the Trustee shall examine the certificates and opinions to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or
other facts stated therein). 
 (c) The Trustee may not be relieved from liabilities for its own negligent action, its own negligent failure
to act, or its own willful misconduct, except that: 
 (1) this clause (c) does not limit the effect of clause
(b) of this Section; 
 (2) the Trustee shall not be liable for any error of judgment made in good faith by a
Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 
 (3) the
Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.05 hereof. 

(d) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Trustee is subject to
clauses (a), (b) and (c) of this Section 7.01. 
 (e) No provision of this Indenture shall require the Trustee to expend or
risk its own funds or incur any liability. The Trustee shall be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders, unless such Holder shall have offered to the Trustee security and
indemnity satisfactory to it against any loss, liability or expense. 
 (f) The Trustee shall not be liable for interest on any money
received by it except as the Trustee may agree in writing with the Issuer. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

Section 7.02 Rights of Trustee. 

Subject to TIA §315: 
 (a)
The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in the document, but the Trustee, in its
discretion, may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and
premises of the Issuer, personally or by agent or attorney at the sole cost of the Issuer and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(b) Before the Trustee acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel or both. The
Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or Opinion of Counsel. The Trustee may consult with counsel of its selection and the advice of such counsel or any
Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or omitted by it hereunder in good faith and in reliance thereon. 

(c) The Trustee shall not be liable for any action it takes or omits to take in good faith that it believes to be authorized or within the
rights or powers conferred upon it by this Indenture. 
 (d) Unless otherwise specifically provided in this Indenture, any demand, request,
direction or notice from the Issuer shall be sufficient if signed by an Officer of the Issuer. 

  
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 (e) The Trustee shall not be deemed to have notice of any Default or Event of Default unless a
Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a Default or Event of Default is received by a Responsible Officer of the Trustee at the Corporate Trust Office of the
Trustee from the Issuer or the Holders of 25.0% in aggregate principal amount of the outstanding Notes, and such notice references the specific Default or Event of Default, the Notes and this Indenture. 

(f) The Trustee shall not be required to give any bond or surety in respect of the performance of its power and duties hereunder. 

(g) The Trustee shall have no duty to inquire as to the performance of the Issuer’s covenants herein. 

(h) The Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or
attorneys and the Trustee shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder. 

(i) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or
direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by it in
compliance with such request or direction. 
 (j) In no event shall the Trustee be responsible or liable for special, indirect, or
consequential loss or damage of any kind whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(k) [Reserved]. 
 (l) The
rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent,
custodian and other Person employed to act hereunder. 
 (m) The Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion,
may make such further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the
Issuer, personally or by agent or attorney at the sole cost of the Issuer and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(n) None of the provisions of this Indenture shall require the Trustee to expend or risk its own funds or otherwise to incur any liability,
financial or otherwise, in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such funds or indemnity satisfactory to it against such
risk or liability is not assured to it. 
 Section 7.03 Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer or any
Affiliate of the Issuer with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest it must eliminate such conflict within 90 days, apply to the SEC for permission to continue
as Trustee or resign. Any Agent may do the same with like rights and duties. The Trustee shall also be subject to Sections 7.10 and 7.11 hereof. 

Section 7.04 Trustee’s Disclaimer. 

The Trustee shall not be responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall
not be accountable for the Issuer’s use of the proceeds from the Notes or any money paid to the Issuer or upon the Issuer’s direction under any provision of this Indenture, it shall not be responsible for the use or application of any
money received by any Paying Agent other than the Trustee, and it shall not be responsible for any statement or recital herein or any statement in the Notes or any other document in connection with the sale of the Notes or pursuant to this Indenture
other than its certificate of authentication. 

  
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 Section 7.05 Notice of Defaults. 

If a Default or Event of Default occurs and is continuing and if it is known to a Responsible Officer of the Trustee, the Trustee shall send to
Holders a notice of the Default or Event of Default within 90 days after it occurs. Except in the case of a Default or Event of Default in payment of principal of, premium, if any, or interest on any Note, the Trustee may withhold the notice if and
so long as a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of the Holders. 

Section 7.06 Reports by Trustee to Holders. 

Within 60 days after each May 15 beginning with the May 15 following the Issue Date, and for so long as Notes remain outstanding, the
Trustee shall send to the Holders a brief report dated as of such reporting date that complies with TIA §313(a) (but if no event described in TIA §313(a) has occurred within the twelve months preceding the reporting date, no report need be
transmitted). The Trustee also shall comply with TIA §313(b)(2). The Trustee shall also send all reports as required by TIA §313(c). 

A copy of each report at the time of its sending to the Holders shall be sent to the Issuer and filed with the SEC and each stock exchange on
which the Notes are listed in accordance with TIA §313(d). The Issuer shall promptly notify the Trustee when the Notes are listed on any stock exchange and any delisting thereof. 

Section 7.07 Compensation and Indemnity. 

The Issuer shall pay to the Trustee from time to time reasonable compensation for its acceptance of this Indenture and services hereunder. The
Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it
in addition to the compensation for its services. Such expenses shall include the reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 

The Issuer, and the Guarantors, if any, shall, jointly and severally, indemnify the Trustee, its directors, officers, employees or agents or
any predecessor Trustee against any and all losses, claims, damages, penalties, fines, liabilities or expenses, including incidental and out-of-pocket expenses and reasonable attorneys’ fees and expenses (for purposes of this Section 7.07,
“losses”) incurred by it arising out of or in connection with the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Issuer (including
this Section 7.07) and defending itself against any claim (whether asserted by the Issuer or any Holder or any other Person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the
extent such losses have been determined to have been caused by its own negligence or willful misconduct. The Trustee shall notify the Issuer promptly of any claim of which a Responsible Officer has received written notice and for which it may seek
indemnity. Failure by the Trustee to so notify the Issuer shall not relieve the Issuer of its obligations under this Section 7.07. The Issuer shall defend the claim, and the Trustee shall cooperate in the defense. The Trustee may have separate
counsel if the Trustee has been reasonably advised by counsel that there may be one or more legal defenses available to it that are different from or additional to those available to the Issuer and in the reasonable judgment of such counsel it is
advisable for the Trustee to engage separate counsel, and the Issuer shall pay the reasonable fees and expenses of such counsel. The Issuer need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.
The Issuer need not reimburse any expense or indemnify against any loss incurred by the Trustee through the Trustee’s own willful misconduct or gross negligence. 

The obligations of the Issuer and the Guarantors, if any, under this Section 7.07 shall survive the satisfaction and discharge of this
Indenture, the resignation or removal of the Trustee and payment in full of the Notes. 
 To secure the Issuer’s and Guarantors’,
if any, payment obligations in this Section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal, premium, if any, and interest on particular Notes.
Such Lien shall survive the satisfaction and discharge of this Indenture. 

  
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 When the Trustee incurs expenses or renders services after an Event of Default specified in
Section 6.01(i)or (j) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel) are intended to constitute expenses of administration under any Bankruptcy Law. 

Section 7.08 Replacement of Trustee. 

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s
acceptance of appointment as provided in this Section 7.08. 
 The Trustee may resign in writing at any time upon 30 days’ prior
notice to the Issuer and be discharged from the trust hereby created by so notifying the Issuer. The Holders of a majority in aggregate principal amount of the then outstanding Notes may remove the Trustee by so notifying the Trustee and the Issuer
in writing. The Issuer may remove the Trustee if: 
 (a) the Trustee fails to comply with Section 7.10 hereof; 

(b) the Trustee is adjudged bankrupt or insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law; 

(c) a custodian or public officer takes charge of the Trustee or its property; or 

(d) the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred
to herein as the retiring Trustee), the Issuer shall promptly appoint a successor Trustee. 
 Within one year after the successor Trustee
takes office, the Holders of a majority in principal amount of the then outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by the Issuer. 

If a successor Trustee does not take office within 30 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Issuer,
or the Holders of at least 10.0% in aggregate principal amount of the then outstanding Notes may, at the expense of the Issuer, petition any court of competent jurisdiction for the appointment of a successor Trustee. 

If the Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply with Section 7.10
hereof, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Issuer and enter into a
supplemental indenture with the retiring Trustee and the Issuer in which it assumes the rights, powers and duties of the Trustee under this Indenture. Thereupon, the resignation or removal of the retiring Trustee shall become effective, and the
successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall send a notice of its succession to Holders. Subject to the Lien provided for in Section 7.07 hereof, the retiring
Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee; provided, however, that all sums owing to the Trustee hereunder shall have been paid. Notwithstanding replacement of the Trustee pursuant to
this Section 7.08, the Issuer’s obligations under Section 7.07 hereof shall continue for the benefit of the retiring Trustee. 

In the case of an appointment hereunder of a separate or successor Trustee with respect to the Notes, the Issuer, any retiring Trustee and
each successor or separate Trustee with respect to the Notes shall execute and deliver a supplemental indenture hereto (1) which shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers,
trusts and duties of any retiring Trustee with respect to the Notes have been assumed by a successor Trustee and in the case where any retiring Trustee is retiring only with respect to some of the Notes that the rights, powers, trusts and duties of
any retiring Trustee with respect to the Notes as to 

  
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which any such retiring Trustee is not retiring shall continue to be vested in such retiring Trustee and (2) that shall add to or change any of the provisions of this Indenture as shall be
necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood that nothing herein or in such supplemental indenture shall constitute such Trustee co-trustees of the same trust and
that each such separate, retiring or successor Trustee shall be Trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any such other Trustee. 

Section 7.09 Successor Trustee by Merger, etc. 

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation or banking association, the successor corporation or banking association without any further act shall, if such successor corporation or banking association is otherwise eligible hereunder, be the successor Trustee. 

Section 7.10 Eligibility; Disqualification. 

There shall at all times be a Trustee hereunder that is a Person organized and doing business under the laws of the United States of America or
of any state thereof that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has a combined capital and surplus of at least $50.0 million (or a
wholly-owned subsidiary of a bank or trust company, or of a bank holding company, the principal subsidiary of which is a bank or trust company having a combined capital and surplus of at least $50.0 million) as set forth in its most recent published
annual report of condition. 
 This Indenture shall always have a Trustee who satisfies the requirements of TIA §310(a)(1),
(2) and (5). The Trustee is subject to TIA §310(b). 
 Section 7.11 Preferential Collection of Claims Against Issuer.

 The Trustee is subject to TIA §311(a), excluding any creditor relationship listed in TIA §311(b). A Trustee who has resigned or
been removed shall be subject to TIA § 311(a) to the extent indicated therein. 
 Section 7.12 Escrow Agreement. 

The Trustee is hereby directed to agree to the appointment of the Escrow Agent and is hereby directed to enter into the Escrow Agreement. The
Trustee is not responsible for the contents or sufficiency of the Escrow Agreement; and in entering into the Escrow Agreement, and with respect to all matters arising under the Escrow Agreement, the Trustee shall have the rights, protections,
immunities and indemnities granted to it under this Indenture. Neither the Trustee nor any Holder (whether acting directly or by direction or demand to the Trustee) shall be entitled or permitted to give any direction to, or make any demand upon,
the Escrow Agent that would be contrary to, or in conflict with, the provisions governing the Escrow Release in accordance with the Escrow Agreement, or as otherwise expressly set forth hereto or thereto. 

ARTICLE 8. 
 LEGAL
DEFEASANCE AND COVENANT DEFEASANCE 
 Section 8.01 Option to Effect Legal Defeasance or Covenant Defeasance. 

The Issuer may, at its option and at any time, elect to have either Sections 8.02 or 8.03 hereof be applied to all outstanding Notes upon
compliance with the conditions set forth in this Article 8. Any such election shall be evidenced by a Board Resolution set forth in an Officers’ Certificate. 

Section 8.02 Legal Defeasance and Discharge. 

Upon the Issuer’s exercise under Section 8.01 of the option applicable to this Section 8.02, the Issuer shall, subject to the
satisfaction of the conditions set forth in Section 8.04, be deemed to have been discharged from its Obligations with respect to all outstanding Notes on the date the conditions set forth in Section 8.04 are satisfied


  
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(hereinafter, “Legal Defeasance”) and each Guarantor, if any, shall be released from all of its obligations under its Subsidiary Guarantee. For this purpose, Legal
Defeasance means that the Issuer shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes, which shall thereafter be deemed to be “outstanding” only for the purposes of Section 8.05 and
the other Sections of this Indenture referred to in (a) and (b) of this Section 8.02, and to have satisfied all its other Obligations under the Notes and this Indenture (and the Trustee, on demand of and at the expense of the Issuer,
shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights of Holders of outstanding Notes to receive solely from the
trust fund described in Section 8.04, and as more fully set forth in such Section, payments in respect of the principal of, premium, if any, or interest on such Notes when such payments are due, (b) the Issuer’s Obligations with
respect to such Notes under Article 2 and Sections 4.01 and 4.02, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder and the Issuer’s and the Guarantor’s, if any, Obligations in connection
therewith and (d) this Article 8. If the Issuer exercises under Section 8.01 the option applicable to this Section 8.02, subject to the satisfaction of the conditions set forth in Section 8.04, payment of the Notes may not
be accelerated because of an Event of Default. Subject to compliance with this Article 8, the Issuer may exercise its option under this Section 8.02 notwithstanding the prior exercise of its option under Section 8.03. 

Section 8.03 Covenant Defeasance. 

Upon the Issuer’s exercise under Section 8.01 of the option applicable to this Section 8.03, the Issuer shall, subject to the
satisfaction of the conditions set forth in Section 8.04, be released from its Obligations under the covenants contained in Sections 4.09, 4.10, 4.11, 4.12, 4.13, 4.14, 4.16 and 4.17 hereof, and the operation of Section 5.01(a)(4)),
with respect to the outstanding Notes on and after the date the conditions set forth in Section 8.04 are satisfied (hereinafter, “Covenant Defeasance”) and each Guarantor, if any, shall be released from all of its
Obligations under its Subsidiary Guarantee with respect to such covenants in connection with such outstanding Notes and the Notes shall thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or
declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall continue to be deemed “outstanding” for all other purposes hereunder (it being understood that such Notes shall not be deemed
outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes, the Issuer may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth
in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such covenant to any other provision herein or in any other document and such omission to
comply shall not constitute a Default or an Event of Default under Section 6.01, but, except as specified above in this Section 8.03, the remainder of this Indenture and such Notes shall be unaffected thereby. If the Issuer exercises under
Section 8.01 the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04, payment of the Notes may not be accelerated because of an Event of Default specified in clause
(c) (with respect to the covenant contained in Section 5.01(a)(4) hereof), clause (d) (with respect to the covenants contained in Section 4.09, 4.10, 4.12 and 4.16 hereof), clause (f) (with respect to the covenants contained
in Sections 4.11, 4.13, 4.14 and 4.17 hereof), and clauses (g), (h), (i) and (j) (but in the case of (i) and (j) of Section 6.01, with respect to Significant Subsidiaries only). 

Section 8.04 Conditions to Legal or Covenant Defeasance. 

The following shall be the conditions to the application of either Section 8.02 or 8.03 to the outstanding Notes. 

The Legal Defeasance or Covenant Defeasance may be exercised only if: 

(a) the Issuer irrevocably deposits with the Trustee, in trust (the “defeasance trust”), for the benefit of the
Holders, cash in Dollars, non-callable Government Securities, or a combination of cash in Dollars and non-callable Government Securities, in amounts as will be sufficient, in the opinion of a nationally recognized firm of independent public
accountants (a copy of which shall be provided to the Trustee), to pay the principal, premium, if any, and interest on the outstanding Notes on the Stated Maturity or on the next Redemption Date, as the case may be, and the Issuer shall specify
whether the Notes are being defeased to maturity or to such particular Redemption Date; 

  
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 (b) in the case of Legal Defeasance, the Issuer shall deliver to the Trustee an Opinion of
Counsel confirming that (i) the Issuer has received from, or there has been published by, the Internal Revenue Service a ruling or (ii) subsequent to the Issue Date, there has been a change in the applicable federal income tax law, in
either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such Legal Defeasance and will
be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(c) in the case of Covenant Defeasance, the Issuer shall deliver to the Trustee an Opinion of Counsel reasonably acceptable to the Trustee
confirming that the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same manner
and at the same times as would have been the case if such Covenant Defeasance had not occurred; 
 (d) no Default or Event of Default has
occurred and is continuing on the date of such deposit (other than a Default or Event of Default resulting from the borrowing of funds to be applied to make such deposit and the grant of any Lien securing such borrowing); 

(e) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under, any material
agreement or instrument (other than this Indenture) to which the Issuer or any of its Subsidiaries is a party or by which the Issuer or any of its Subsidiaries are bound; 

(f) the Issuer shall deliver to the Trustee an Officers’ Certificate stating that the deposit was not made by the Issuer with the intent
of preferring the Holders over other creditors of the Issuer with the intent of defeating, hindering, delaying or defrauding such other creditors; and 

(g) the Issuer delivers to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent
relating to the Legal Defeasance or the Covenant Defeasance have been complied with. 
 Section 8.05 Deposited Cash and Government
Securities to be Held in Trust; Other Miscellaneous Provisions. 
 Subject to Section 8.06, all cash and non-callable Government
Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.05, the “Trustee”) pursuant to Section 8.04 in respect of the
outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer acting as Paying Agent)
as the Trustee may determine, to the Holders of all sums due and to become due thereon in respect of principal, premium, if any, and interest but such cash and securities need not be segregated from other funds except to the extent required by law.

 The Issuer shall pay and indemnify the Trustee against any tax, fee or other charge imposed on or assessed against the cash or
non-callable Government Securities deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders of the
outstanding Notes. 
 Anything in this Article 8 to the contrary notwithstanding, the Trustee shall deliver or pay to the Issuer from
time to time upon the request of the Issuer any cash or non-callable Government Securities held by it as provided in Section 8.04 which, in the opinion of a nationally recognized firm of independent certified public accountants expressed in a
written certification thereof delivered to the Trustee (which may be the certification delivered under Section 8.04(a)), are in excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or
Covenant Defeasance. 
 Section 8.06 Repayment to Issuer. 

The Trustee shall promptly, and in any event, no later than five (5) Business Days, pay to the Issuer after request therefor, any excess
money held with respect to the Notes at such time in excess of amounts required to pay any of the Issuer’s Obligations then owing with respect to the Notes. 

  
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 Any cash or non-callable Government Securities deposited with the Trustee or any Paying Agent, or
then held by the Issuer, in trust for the payment of the principal, premium, if any, or interest on any Note and remaining unclaimed for one year after such principal, premium, if any, or interest has become due and payable shall be paid to the
Issuer on its request or (if then held by the Issuer) shall be discharged from such trust; and the Holder shall thereafter, as an unsecured creditor, look only to the Issuer for payment thereof, and all liability of the Trustee or such Paying Agent
with respect to such cash and securities, and all liability of the Issuer as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the
expense of the Issuer cause to be published once, in The New York Times and The Wall Street Journal (national edition), notice that such cash and securities remains unclaimed and that, after a date specified therein, which shall not be
less than 30 days from the date of such notification or publication, any unclaimed balance of such cash and securities then remaining shall be repaid to the Issuer. 

Section 8.07 Reinstatement. 

If the Trustee or Paying Agent is unable to apply any cash or non-callable Government Securities in accordance with Sections 8.02 or 8.03,
as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, then the Issuer’s obligations under this Indenture and the Notes shall be revived
and reinstated as though no deposit had occurred pursuant to Sections 8.02 or 8.03 until such time as the Trustee or Paying Agent is permitted to apply all such cash and securities in accordance with Sections 8.02 or 8.03, as the case may
be; provided, however, that, if the Issuer makes any payment of principal of, premium, if any, or interest on any Note following the reinstatement of its Obligations, the Issuer shall be subrogated to the rights of the Holders to
receive such payment from the cash and securities held by the Trustee or Paying Agent. 
 ARTICLE 9. 

AMENDMENT, SUPPLEMENT AND WAIVER 

Section 9.01 Without Consent of Holders of Notes. 

Notwithstanding Section 9.02 of this Indenture, the Issuer and the Trustee may amend or supplement this Indenture or the Notes without
notice to or the consent of any Holder to: 
 (1) to cure any ambiguity, mistake, defect or inconsistency; 

(2) to provide for uncertificated Notes in addition to or in place of certificated Notes; 

(3) to provide for the assumption by a successor corporation of the Issuer’s obligations to Holders of Notes in the case
of a merger or consolidation or sale of all or substantially all of the Issuer’s assets or any other transaction that complies with this Indenture; 

(4) to make any change that would provide any additional rights or benefits to the Holders of Notes or that does not adversely
affect the legal rights under this Indenture of any such Holder; 
 (5) to provide for the issuance of Additional Notes in
accordance with this Indenture; or 
 (6) to comply with requirements of the SEC in order to effect or maintain the
qualification of this Indenture under the Trust Indenture Act; 
 (7) to allow any Guarantor to execute a supplemental
indenture and/or Guarantee with respect to the Notes; 
 (8) to evidence and provide the acceptance of the appointment of a
successor trustee under this Indenture; 

  
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 (9) to mortgage, pledge, hypothecate or grant a security interest in favor of the
trustee for the benefit of the Holders as additional security for the payment and performance of the Issuer’s or a Guarantor’s Obligations under this Indenture in property or assets; 

(10) to comply with the rules of any applicable Depositary; 

(11) to release a Guarantor from its Guarantee pursuant to the terms of this Indenture when permitted or required pursuant to
the terms herein; 
 (12) to conform the text of this Indenture, the Notes or the Guarantees to the corresponding provision
of the “Description of Notes” in the Offering Memorandum to the extent that such provision in the “Description of Notes” was intended to be a substantially verbatim recitation of a provision of this Indenture, the Notes or the
Guarantees; or 
 (13) to comply with Section 5.01. 

Section 9.02 With Consent of Holders of Notes. 

Except as provided below in this Section 9.02, the Issuer and the Trustee may amend or supplement this Indenture and the Notes with the
consent of the Holders of at least a majority in aggregate principal amount of the Notes then outstanding voting as a single class (including, without limitation, consents obtained in connection with a purchase of or tender offer or exchange offer
for the Notes), and, subject to Sections 6.04 and 6.07, any existing Default or Event of Default or compliance with any provision of this Indenture or the Notes may be waived with the consent of the Holders of at least a majority in aggregate
principal amount of the Notes then outstanding voting as a single class (including, without limitation, consents obtained in connection with a purchase of or tender offer or exchange offer for the Notes). 

Without the consent of each Holder affected, an amendment, supplement or waiver may not (with respect to any Notes held by a non-consenting
Holder): 
 (1) reduce the principal amount of Notes whose Holders must consent to an amendment, supplement or waiver; 

(2) reduce the principal of or change the Stated Maturity of any Note or alter the provisions with respect to the redemption or
repurchase of the Notes relating to Section 4.16 hereof (and any applicable definitions); 
 (3) reduce the rate of or
change the time for payment of interest on any Note; 
 (4) waive a Default or Event of Default in the payment of principal
of, or interest or premium, if any, on the Notes (except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount of the then outstanding Notes and a waiver of the Payment Default that resulted
from such acceleration); 
 (5) make any Note payable in money other than that stated in the Notes; 

(6) make any change in the provisions (including applicable definitions) of the Indenture relating to waivers of past Defaults
or the rights of Holders of Notes to receive payments of principal of, or interest or premium, if any, on the Notes; 
 (7)
waive a redemption or repurchase payment with respect to any Note (including a payment required by the provisions described under Sections 4.12 or 4.16 hereof; 

(8) make any change in the ranking of the Notes in a manner adverse to the Holders of the Notes; 

(9) make any material change in the provisions of Sections 3.09 or 4.19 of this Indenture; 

  
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 (10) make any change in the Escrow Agreement that would adversely affect the
Holders in any material respect; or 
 (11) make any change in the preceding amendment and waiver provisions. 

The Issuer may, but shall not be obligated to, fix a record date for the purpose of determining the Persons entitled to consent to any
supplemental indenture. If a record date is fixed, the Holders on such record date, or their duly designated proxies, and only such Persons, shall be entitled to consent to such supplemental indenture, whether or not such Holders remain Holders
after such record date; provided that unless such consent shall have become effective by virtue of the requisite percentage having been obtained prior to the date which is 120 days after such record date, any such consent previously given
shall automatically and without further action by any Holder be cancelled and of no further effect. 
 It shall not be necessary for the
consent of the Holders under this Section 9.02 to approve the particular form of any proposed amendment, supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. 

After an amendment, supplement or waiver under this Section 9.02 becomes effective, the Issuer shall send to the Holder of each Note
affected thereby to such Holder’s address appearing in the Note Register a notice briefly describing the amendment, supplement or waiver. Any failure of the Issuer to send such notice, or any defect therein, shall not, however, in any way
impair or affect the validity of any such amended or supplemental indenture or waiver. 
 Section 9.03 Compliance with Trust
Indenture Act. 
 Every amendment or supplement to this Indenture or the Notes shall be set forth in an amended or supplemental indenture
that complies with the TIA as then in effect. 
 Section 9.04 Revocation and Effect of Consents. 

Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder is a continuing consent by the Holder of a Note and
every subsequent Holder of a Note or portion thereof that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such Holder or subsequent Holder may revoke the consent as
to its Note or portion thereof if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment becomes effective. An amendment, supplement or waiver shall become effective in accordance with its terms and
thereafter shall bind every Holder. 
 Section 9.05 Notation on or Exchange of Notes. 

The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated. The Issuer in
exchange for all Notes may issue and, upon receipt of a Company Order in accordance with Section 2.02 hereof, the Trustee shall authenticate new Notes that reflect the amendment, supplement or waiver. 

Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect of such amendment, supplement or waiver.

 Section 9.06 Trustee to Sign Amendments, etc. 

The Trustee shall sign any amended or supplemental indenture authorized pursuant to this Article 9 if the amendment or supplement does not
adversely affect the rights, duties, liabilities or immunities of the Trustee. The Issuer may not sign an amendment or supplemental indenture until its Board of Directors (or committee serving a similar function) approves it. In executing any
amended or supplemental indenture, the Trustee shall be provided with and (subject to Section 7.01 hereof) shall be fully protected in relying upon an Officers’ Certificate and an Opinion of Counsel stating that the execution of such
amended or supplemental indenture is authorized or permitted by this Indenture and that such amended or supplemental indenture is the legal, valid and binding obligations of the Issuer enforceable against it in accordance with its terms, subject to
customary exceptions and that such amended or supplemental indenture complies with the provisions hereof (including Section 9.03). 

  
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 ARTICLE 10. 

SUBSIDIARY GUARANTEES 

Section 10.01 Subsidiary Guarantee. 

Subject to this Article 10, any Guarantor that executes and delivers a supplemental indenture pursuant to this Indenture shall, upon
execution and delivery of its supplemental indenture, jointly and severally and unconditionally guarantee to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee and its successors and assigns: (a) the due and
punctual payment of the principal of, premium, if any, and interest on the Notes, subject to any applicable grace period, whether at Stated Maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on the overdue
principal of and premium, if any, and, to the extent permitted by law, interest, and the due and punctual performance of all other obligations of the Issuer to the Holders or the Trustee under this Indenture and the Notes, all in accordance with the
terms hereof and thereof; and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that same shall be promptly paid in full when due or performed in accordance with the terms of the extension
or renewal, whether at Stated Maturity, by acceleration pursuant to Section 6.02, redemption or otherwise. Failing payment when due of any amount so guaranteed or any performance so guaranteed for whatever reason, the Guarantors shall be
jointly and severally obligated to pay the same immediately. Each Guarantor agrees that this is a guarantee of payment and not a guarantee of collection. 

Each Guarantor hereby agrees that its obligations with regard to its Subsidiary Guarantee shall be joint and several, unconditional,
irrespective of the validity or enforceability of the Notes or the obligations of the Issuer under this Indenture, the absence of any action to enforce the same, the recovery of any judgment against the Issuer or any other obligor with respect to
this Indenture, the Notes or the Obligations of the Issuer under this Indenture or the Notes, any action to enforce the same or any other circumstances (other than complete performance) which might otherwise constitute a legal or equitable discharge
or defense of a Guarantor. Each Guarantor further, to the extent permitted by law, waives and relinquishes all claims, rights and remedies accorded by applicable law to guarantors and agrees not to assert or take advantage of any such claims, rights
or remedies, including but not limited to: (a) any right to require any of the Trustee, the Holders or the Issuer (each a “Benefited Party”), as a condition of payment or performance by such Guarantor, to
(1) proceed against the Issuer, any other guarantor (including any other Guarantor) of the Obligations under the Subsidiary Guarantees or any other Person, (2) proceed against or exhaust any security held from the Issuer, any such other
guarantor or any other Person, (3) proceed against or have resort to any balance of any deposit account or credit on the books of any Benefited Party in favor of the Issuer or any other Person, or (4) pursue any other remedy in the power
of any Benefited Party whatsoever; (b) any defense arising by reason of the incapacity, lack of authority or any disability or other defense of the Issuer including any defense based on or arising out of the lack of validity or the
unenforceability of the Obligations under the Subsidiary Guarantees or any agreement or instrument relating thereto or by reason of the cessation of the liability of the Issuer from any cause other than payment in full of the Obligations under the
Subsidiary Guarantees; (c) any defense based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than that of the principal; (d) any defense
based upon any Benefited Party’s errors or omissions in the administration of the Obligations under the Subsidiary Guarantees, except behavior which amounts to bad faith; (e)(1) any principles or provisions of law, statutory or otherwise,
which are or might be in conflict with the terms of the Subsidiary Guarantees and any legal or equitable discharge of such Guarantor’s obligations hereunder, (2) the benefit of any statute of limitations affecting such Guarantor’s
liability hereunder or the enforcement hereof, (3) any rights to set-offs, recoupments and counterclaims and (4) promptness, diligence and any requirement that any Benefited Party protect, secure, perfect or insure any security interest or
lien or any property subject thereto; (f) notices, demands, presentations, protests, notices of protest, notices of dishonor and notices of any action or inaction, including acceptance of the Subsidiary Guarantees, notices of Default under the
Notes or any agreement or instrument related thereto, notices of any renewal, extension or modification of the Obligations under the Subsidiary Guarantees or any agreement related thereto, and notices of any extension of credit to the Issuer and any
right to consent to any thereof; (g) to the extent permitted under applicable law, the benefits of any “One Action” rule and (h) any defenses or benefits that may be derived from or afforded by law which limit the liability of or
exonerate guarantors or sureties, or which may conflict with the terms of the Subsidiary Guarantees. Except to the extent expressly provided herein, including Sections 8.02, 8.03 and 10.05, each Guarantor hereby covenants that its Subsidiary
Guarantee shall not be discharged except by complete performance of the obligations contained in its Subsidiary Guarantee and this Indenture. 

  
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 If any Holder or the Trustee is required by any court or otherwise to return to the Issuer, the
Guarantors or any custodian, trustee, liquidator or other similar official acting in relation to either the Issuer or the Guarantors, any amount paid by either to the Trustee or such Holder, this Subsidiary Guarantee, to the extent theretofore
discharged, shall be reinstated in full force and effect. 
 Each Guarantor agrees that it shall not be entitled to any right of subrogation
in relation to the Holders in respect of any obligations guaranteed hereby until payment in full of all obligations guaranteed hereby. Each Guarantor further agrees that, as between the Guarantors, on the one hand, and the Holders and the Trustee,
on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Section 6.02 hereof for the purposes of this Subsidiary Guarantee, notwithstanding any stay, injunction or other prohibition
preventing such acceleration in respect of the obligations guaranteed hereby and (y) in the event of any declaration of acceleration of such obligations as provided in Section 6.02 hereof, such obligations (whether or not due and payable)
shall forthwith become due and payable by the Guarantors for the purpose of this Subsidiary Guarantee. The Guarantors shall have the right to seek contribution from any non-paying Guarantor so long as the exercise of such right does not impair the
rights of the Holders under the Subsidiary Guarantee. 
 Section 10.02 Limitation on Guarantor Liability. 

(a) Each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the
guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the extent applicable to
any guarantee. To effectuate the foregoing intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that each Guarantor’s liability shall be that amount from time to time equal to the aggregate liability of such Guarantor
under the guarantee, but shall be limited to the lesser of (x) the aggregate amount of the Issuer’s obligations under the Notes and this Indenture or (y) the amount, if any, which would not have (1) rendered the Guarantor
“insolvent” (as such term is defined in the Federal Bankruptcy Code and in the Debtor and Creditor Law of the State of New York) or (2) left it with unreasonably small capital at the time its guarantee with respect to the Notes was
entered into, after giving effect to the incurrence of existing Indebtedness immediately before such time; provided, however, it shall be a presumption in any lawsuit or proceeding in which a Guarantor is a party that the amount guaranteed
pursuant to the guarantee with respect to the Notes is the amount described in clause (x) above unless any creditor, or representative of creditors of the Guarantor, or debtor in possession or trustee in bankruptcy of the Guarantor, otherwise
proves in a lawsuit that the aggregate liability of the Guarantor is limited to the amount described in clause (y) above. 
 (b) In
making any determination as to the solvency or sufficiency of capital of a Guarantor in accordance with the proviso of 10.02(a), the right of each Guarantor to contribution from other Guarantors and any other rights such Guarantor may have,
contractual or otherwise, shall be taken into account. 
 Section 10.03 Execution and Delivery of Subsidiary Guarantee. 

To evidence its Subsidiary Guarantee set forth in Section 10.01, each Guarantor hereby agrees that a notation of such Subsidiary Guarantee
in substantially the form included in Exhibit B attached hereto shall be endorsed by an Officer of such Guarantor on each Note authenticated and delivered by the Trustee and that this Indenture shall be executed on behalf of such Guarantor by
its President or one of its Vice Presidents. 
 Each Guarantor hereby agrees that its Subsidiary Guarantee set forth in Section 10.01
shall remain in full force and effect notwithstanding any failure to endorse on each Note a notation of such Subsidiary Guarantee. 
 If an
Officer whose signature is on this Indenture or on the Subsidiary Guarantee no longer holds that office at the time the Trustee authenticates the Note on which a Subsidiary Guarantee is endorsed, the Subsidiary Guarantee shall be valid nevertheless.

 The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of the Subsidiary
Guarantee set forth in this Indenture on behalf of the Guarantors. 

  
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 The Issuer hereby agrees that it shall cause each Person that becomes obligated to provide a
Subsidiary Guarantee pursuant to Section 4.17 to execute a supplemental indenture in form and substance reasonably satisfactory to the Trustee, pursuant to which such Person provides the Guarantee set forth in this Article 10 and otherwise
assumes the obligations and accepts the rights of a Guarantor under this Indenture, in each case with the same effect and to the same extent as if such Person had been named herein as a Guarantor. The Issuer also hereby agrees to cause each such new
Guarantor to evidence its Guarantee by endorsing a notation of such Subsidiary Guarantee on each Note as provided in this Section 10.03. 

Section 10.04 Guarantors May Consolidate, etc., on Certain Terms. 

Except as otherwise provided in Section 10.05, no Guarantor may consolidate with or merge with or into (whether or not such Guarantor is
the surviving Person) another Person whether or not affiliated with such Guarantor unless: 
 (a) subject to Section 10.05, the Person
formed by or surviving any such consolidation or merger (if other than a Guarantor or the Issuer) unconditionally assumes all the obligations of such Guarantor, pursuant to a supplemental indenture in form and substance reasonably satisfactory to
the Trustee, under this Indenture and any Subsidiary Guarantee on the terms set forth herein; and 
 (b) the Guarantor complies with the
requirements of Article 5 hereof (to the extent applicable). 
 In case of any such consolidation, merger, sale or conveyance and upon
the assumption by the successor Person, by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Subsidiary Guarantee endorsed upon the Notes and the due and punctual performance of all of the
covenants and conditions of this Indenture to be performed by the Guarantor, such successor Person shall succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. Such successor Person
thereupon may cause to be signed any or all of the Subsidiary Guarantees to be endorsed upon all of the Notes issuable hereunder which theretofore shall not have been signed by the Issuer and delivered to the Trustee. All the Subsidiary Guarantees
so issued shall in all respects have the same legal rank and benefit under this Indenture as the Subsidiary Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though all of such Subsidiary Guarantees had
been issued at the date of the execution hereof. 
 Except as set forth in Articles 4 and 5, and notwithstanding clauses (a) and
(b) above, nothing contained in this Indenture or in any of the Notes shall prevent any consolidation or merger of a Guarantor with or into the Issuer or another Guarantor, or shall prevent any sale or conveyance of the property of a Guarantor
as an entirety or substantially as an entirety to the Issuer or another Guarantor. 
 Section 10.05 Releases Following Merger,
Consolidation or Sale of Assets, Etc. 
 In the event of a sale or other disposition of all or substantially all of the assets of any
Guarantor, by way of merger, consolidation or otherwise, or a sale or other disposition of all of the Capital Stock of any Guarantor, in each case to a Person that is not (either before or after giving effect to such transactions) a Subsidiary of
the Issuer, then such Guarantor (in the event of a sale or other disposition, by way of merger, consolidation or otherwise, of all of the Capital Stock of such Guarantor) or the corporation acquiring the property (in the event of a sale or other
disposition of all or substantially all of the assets of such Guarantor) shall be released and relieved of any obligations under its Subsidiary Guarantee; provided that the net proceeds of such sale or other disposition shall be applied in
accordance with the applicable provisions of this Indenture, including without limitation Section 4.12. If a Restricted Subsidiary is designated as an Unrestricted Subsidiary in accordance with the provisions of Section 4.16, such
Subsidiary shall be released and relieved of any obligations under its Subsidiary Guarantee. Upon delivery by the Issuer to the Trustee of an Officers’ Certificate and an Opinion of Counsel to the effect that such sale or other disposition was
made by the Issuer in accordance with the provisions of this Indenture, including without limitation Section 4.12, the Trustee shall execute any documents reasonably required in order to evidence the release of any Guarantor from its
obligations under its Subsidiary Guarantee. 
 Any Guarantor not released from its obligations under its Subsidiary Guarantee shall remain
liable for the full amount of principal of and interest on the Notes and for the other obligations of any Guarantor under this Indenture as provided in this Article 10. 

  
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 ARTICLE 11. 

SATISFACTION AND DISCHARGE 

Section 11.01 Satisfaction and Discharge. 

This Indenture will be discharged and will cease to be of further effect, as to all Notes issued hereunder, when: 

(a) either: 
 (1)
all Notes that have been authenticated, except lost, stolen or destroyed notes that have been replaced or paid and notes for whose payment money has been deposited in trust and thereafter repaid to the Issuer, have been delivered to the Trustee for
cancellation; or 
 (2) all Notes that have not been delivered to the Trustee for cancellation have become due and payable by
reason of the sending of a notice of redemption or otherwise or will become due and payable or redeemable within one year, and the Issuer has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust solely for the
benefit of the Holders, cash in Dollars, non-callable Government Securities, or a combination of cash in Dollars and non-callable Government Securities, in such amounts as will be sufficient without consideration of any reinvestment of interest, to
pay and discharge the entire indebtedness on the Notes not delivered to the Trustee for cancellation for principal, premium, if any, and accrued interest to the date of maturity or redemption; 

(b) no Default or Event of Default has occurred and is continuing on the date of the deposit (other than a Default or Event of Default
resulting from the borrowing of funds to be applied to such deposit) or will occur as a result of the deposit and the deposit will not result in a breach or violation of, or constitute a default under, any other instrument to which the Issuer is a
party or by which the Issuer is bound; 
 (c) the Issuer has paid or caused to be paid all sums payable by it under this Indenture; and 

(d) the Issuer has delivered irrevocable instructions to the Trustee to apply the deposited money toward the payment of the Notes at maturity
or the Redemption Date, as the case may be. 
 In addition, the Company must deliver an Officers’ Certificate and an opinion of counsel
to the Trustee stating that all conditions precedent to satisfaction and discharge have been satisfied. 
 Section 11.02 Deposited
Cash and Government Securities to be Held in Trust; Other Miscellaneous Provisions. 
 Subject to Section 11.03, all cash and
non-callable Government Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 11.02, the “Trustee”) pursuant to Section 11.01
hereof in respect of the outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or through any Paying Agent (including the Issuer
acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium, if any, and interest but such cash and securities need not be segregated from other funds
except to the extent required by law. 
 Section 11.03 Repayment to Issuer. 

Any cash or non-callable Government Securities deposited with the Trustee or any Paying Agent, or then held by the Issuer, in trust for the
payment of the principal of, premium, if any, or interest on, any Note and remaining unclaimed for two years after such principal, and premium, if any, or interest has become due and payable shall be paid to the Issuer on its request or (if then
held by the Issuer) shall be discharged from such trust; and the Holder shall thereafter, as an unsecured creditor, look only to the Issuer for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such cash and
securities, and all liability of the Issuer as trustee thereof, shall thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, may at the expense of the Issuer cause
to be published once, in The New York Times and 

  
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The Wall Street Journal (national edition), notice that such cash and securities remains unclaimed and that, after a date specified therein, which shall not be less than 30 days from the
date of such notification or publication, any unclaimed balance of such cash and securities then remaining shall be repaid to the Issuer. 

ARTICLE 12. 

MISCELLANEOUS 

Section 12.01 Trust Indenture Act Controls. 

If any provision of this Indenture limits, qualifies or conflicts with another provision which is required to be included in this Indenture by
the TIA, the provision required by the TIA shall control. 
 Section 12.02 Notices. 

Any notice or communication by the Issuer or the Trustee to the other is duly given if in writing and delivered in person or mailed by first
class mail (registered or certified, return receipt requested), facsimile transmission or overnight air courier guaranteeing next-day delivery, to the other’s address: 

If to the Issuer: 
 Centene
Corporation 
 7700 Forsyth Boulevard 

St. Louis, MO 63102 
 Attention:
Chief Financial Officer 
 Telecopier No.: (314) 725-5180 

If to the Trustee: 
 The Bank of
New York Mellon Trust Company, N.A. 
 2 North LaSalle Street, Suite 1020 

Chicago, Illinois 60602 

Attention: Corporate Trust Administration 

Telecopier No.: (312) 827-8542 

The Issuer or the Trustee, by notice to the other, may designate additional or different addresses for subsequent notices or communications.

 All notices and communications (other than those sent to the Trustee or Holders) shall be deemed to have been duly given: at the time
delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if sent by facsimile transmission; and the next Business Day after timely delivery to the
courier, if sent by overnight air courier guaranteeing next-day delivery. All notices and communications to the Trustee or Holders shall be deemed duly given and effective only upon receipt. 

Any notice or communication to a Holder shall be mailed by first class mail, certified or registered, return receipt requested, or by
overnight air courier guaranteeing next-day delivery to its address shown on the Note Register. 
 Any notice or communication shall also be
so mailed to any Person described in TIA §313(c), to the extent required by the TIA. Failure to mail a notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. 

If a notice or communication is mailed in the manner provided above within the time prescribed, it is duly given, whether or not the addressee
receives it. 

  
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 If the Issuer sends a notice or communication to Holders, it shall send a copy to the Trustee and
each Agent at the same time. 
 The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by
unsecured e-mail, pdf, facsimile transmission or other similar unsecured electronic methods, provided, however, that the Trustee shall have received an incumbency certificate listing persons designated to give such instructions or
directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. If the Issuer elects to give the Trustee e-mail
or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The Trustee shall
not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written
instruction. The Issuer agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and
the risk or interception and misuse by third parties. 
 Section 12.03 Communication by Holders of Notes with Other Holders of
Notes 
 Holders may communicate pursuant to TIA §312(b) with other Holders with respect to their rights under this Indenture or the
Notes. The Issuer, the Trustee, the Registrar and anyone else shall have the protection of TIA §312(c). 
 Section 12.04
Certificate and Opinion as to Conditions Precedent. 
 Upon any request or application by the Issuer to the Trustee to take any action
under any provision of this Indenture, the Issuer shall furnish to the Trustee: 
 (a) an Officers’ Certificate in form and substance
reasonably satisfactory to the Trustee (which shall include the statements set forth in Section 12.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating
to the proposed action have been complied with; and 
 (b) an Opinion of Counsel in form and substance reasonably satisfactory to the
Trustee (which shall include the statements set forth in Section 12.05 hereof) stating that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with. 

Section 12.05 Statements Required in Certificate or Opinion. 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate
provided pursuant to TIA §314(a)(4)) shall comply with the provisions of TIA §314(e) and shall include: 
 (a) a statement that
the Person making such certificate or opinion has read such covenant or condition; 
 (b) a brief statement as to the nature and scope of
the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (c) a
statement that, in the opinion of such Person, he or she has made such examination or investigation as is necessary to enable such Person to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

(d) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with. 

With respect to matters of fact, an Opinion of Counsel may rely on an Officers’ Certificate, certificates of public officials or reports
or opinions of experts. 

  
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 Section 12.06 Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make reasonable rules and set
reasonable requirements for its functions. 
 Section 12.07 No Personal Liability of Directors, Officers, Employees and
Stockholders. 
 No past, present or future director, officer, employee, incorporator, stockholder, member, manager or partner of the
Issuer or any Guarantor, as such, shall have any liability for any Obligations of the Issuer or of the Guarantors under the Notes, this Indenture, any supplemental indenture, the Subsidiary Guarantees, if any, or for any claim based on, in respect
of, or by reason of, such Obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. The waiver and release may not
be effective to waive or release liabilities under the federal securities laws. 
 Section 12.08 Governing Law. 

THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE AND THE NOTES WITHOUT GIVING EFFECT TO APPLICABLE
PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

Section 12.09 No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company or its Subsidiaries or of any other
Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 
 Section 12.10 Successors.

 All covenants and agreements of the Issuer in this Indenture and the Notes shall bind its successors. All covenants and agreements of
the Trustee in this Indenture shall bind its successors. 
 Section 12.11 Severability. 

In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions shall not in any way be affected or impaired thereby. 
 Section 12.12 Counterpart Originals. 

The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same
agreement. 
 Section 12.13 Table of Contents, Headings, etc. 

The Table of Contents, Cross-Reference Table and Headings in this Indenture have been inserted for convenience of reference only, are not to be
considered a part of this Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 
 Section 12.14
Qualification of this Indenture. 
 The Issuer shall qualify this Indenture under the TIA in accordance with the terms of the
Registration Rights Agreement related to the Initial Notes and shall pay all reasonable costs and expenses (including reasonable attorneys’ fees and expenses for the Issuer, the Trustee and the Holders) incurred in connection therewith,
including, but not limited to, costs and expenses of qualification of this Indenture and the Notes and printing this Indenture and the Notes. The Trustee shall be provided with any such Officers’ Certificates, Opinions of Counsel or other
documentation as it may reasonably request in connection with any such qualification of this Indenture under the TIA. 

  
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 Section 12.15 Waiver of Jury Trial. 

EACH OF THE ISSUER AND THE TRUSTEE HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY
JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. 

Section 12.16 Force Majeure. 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of
or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and
interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with accepted practices in the banking industry to
resume performance as soon as practicable under the circumstances. 
 Section 12.17 Submission to Jurisdiction. 

The parties irrevocably submit to the non-exclusive jurisdiction of any New York State or federal court sitting in the Borough of Manhattan,
City of New York, over any suit, action or proceeding arising out of or relating to this Indenture. To the fullest extent permitted by applicable law, the parties irrevocably waive and agree not to assert, by way of motion, as a defense or
otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that any
such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 
 Section 12.18 FATCA
Withholding. 
 In order to comply with applicable tax laws, rules and regulations (inclusive of directives, guidelines and
interpretations promulgated by competent authorities) in effect from time to time (“Applicable Law”) that a foreign financial institution, Issuer, Trustee, Paying Agent, Holder or other institution is or has agreed to be
subject to related to the Indenture and the Notes, the Issuer agrees (a) to provide to the Trustee and/or any other Paying Agent upon its request information in the Issuer’s possession about applicable parties and/or transactions
(including any modification to the terms of such transactions) so that the Trustee or any other Paying Agent can determine whether it has tax related obligations under Applicable Law, and (b) that the Trustee and/or any other Paying Agent shall
be entitled to make any withholding or deduction from payments under the Indenture to the extent necessary to comply with Applicable Law for which the Trustee or any other Paying Agent shall not have any liability to the Issuer for its withholding
or deduction from payment under the Indenture to the extent necessary to comply with Applicable Law. 
 [Signatures on following page] 

  
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 IN WITNESS WHEREOF, the parties have caused this Indenture to be duly executed. 

 

							
		 		 	Issuer:
		 		 	CENTENE ESCROW CORPORATION
				
	Dated: February 11, 2016	 		 	By:	 	 /s/ Jeffrey A. Schwaneke

		 		 	Name:	 	Jeffrey A. Schwaneke
		 		 	Title:	 	President, Chief Financial Officer and Treasurer
			
		 		 	Trustee:
		 		 	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
				
	Dated: February 11, 2016	 		 	By:	 	 /s/ R. Tarnas

		 		 	Name:	 	R. Tarnas
		 		 	Title:	 	Vice President

 [Signature Page to 2024 Indenture] 







 RULE 144A/REGULATION S APPENDIX 

PROVISIONS RELATING TO NOTES 
  

	1.	Definitions 

 1.1 Definitions. 

For the purposes of this Appendix the following terms shall have the meanings indicated below: 

“QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Registered Exchange Offer” means an offer by the Issuer, pursuant to a Registration Rights Agreement, to certain
Holders of Transfer Restricted Notes to issue and deliver to such Holders in exchange for such Notes a like aggregate principal amount of Exchange Notes registered under the Securities Act. 

“Resale Restriction Termination Date” means, in the case of Restricted Notes sold in reliance on Rule 144A, the
expiration of the applicable holding period with respect to such Notes set forth in Rule 144(d)(i) of the Securities Act and, in the case of Restricted Notes sold in reliance on Regulation S, 40 days after the later of the original issue
date of such Notes and the date on which such Notes (or any predecessor of such Notes) was first offered to persons other than distributors (as defined in Rule 902 of Regulation S) in reliance on Regulation S. 

“Shelf Registration Statement” means a registration statement filed by the Issuer in connection with the offer and
sale of Transfer Restricted Notes pursuant to a Registration Rights Agreement. 
 “Transfer Restricted Notes” means
Initial Notes or Additional Notes that bear or are required to bear the transfer restrictions legend set forth in Section 2.3(d)(i) hereof. 

“Unrestricted Notes” means any Notes that are not Transfer Restricted Notes. 

1.2 Other Definitions. 
  

			
	 Term
	  	Defined in Section:
	“Permanent Regulation S Global Note”	  	2.1(b)
	“Regulation S”	  	2.1(a)
	“Regulation S Global Note”	  	2.1(b)
	“Restricted Global Note”	  	2.1(a)
	“Restricted Period”	  	2.1(b)
	“Rule 144A”	  	2.1(a)
	“Rule 144A Global Note”	  	2.1(a)
	“Temporary Regulation S Global Note”	  	2.1(a)

  

	2.	

 2.1 The Notes. 

(a) Form and Dating. Initial Notes offered and sold to QIBs in reliance on Rule 144A under the Securities Act
(“Rule 144A”) (“Rule 144A Global Notes”) shall be issued initially in the form of one or more permanent Global Notes in definitive, fully registered form, and Notes offered and sold in reliance on
Regulation S under the Securities Act (“Regulation S”), shall be issued initially in the form of one or more temporary Global Notes in fully registered form (“Temporary Regulation S Global Notes”), in
each case, without interest coupons and with the Global Notes legend set forth in Exhibit A and the Restricted Notes legend set forth in Section 2.3 (each security, unless and until becoming an Unrestricted Note, a
“Restricted Global Note”), which shall be deposited on behalf of the holders of the Notes represented thereby with the Trustee, as custodian for the Depositary (or with such other custodian as the Depositary may direct), and
registered in the name of the Depositary or a nominee of the Depositary, duly executed by the Issuer and authenticated by the Trustee as hereinafter provided. Additional Notes offered and sold to QIBs in reliance on Rule 144A shall be issued
initially in the form of one or 

  
 App. - 1 








 
more permanent Rule 144A Global Notes, and Additional Notes offered and sold in reliance on Regulation S shall be issued initially in the form of one or more Temporary Regulation S Global Notes
or Permanent Regulation S Global Notes, in each case, without interest coupons and with the Global Notes legend set forth in Exhibit A and the Restricted Notes legend set forth in Section 2.3, which shall be deposited on behalf of
the holders of the Notes represented thereby with the Trustee, as custodian for the Depositary (or with such other custodian as the Depositary may direct), and registered in the name of the Depositary or a nominee of the Depositary, duly executed by
the Issuer and authenticated by the Trustee as hereinafter provided. Exchange Notes shall be issued (i) in the form of one or more permanent Global Notes in definitive, fully registered form without interest coupons and with the Global Notes
legend set forth in Exhibit A, and shall be deposited on behalf of the holders of the Notes represented thereby with the Trustee, as custodian for the Depositary (or with such other custodian as the Depositary may direct), and registered in
the name of the Depositary or a nominee of the Depositary, duly executed by the Issuer and authenticated by the Trustee as hereinafter provided or (ii) in definitive form as provided in Section 2.4. 

(b) Book-Entry Provisions. This Section 2.1(b) shall apply only to a Global Note deposited with or on behalf of the
Depositary. 
 The Issuer shall execute and the Trustee shall, in accordance with this Section 2.1(b), authenticate and deliver
initially one or more Global Notes that (a) shall be registered in the name of the Depositary for such Global Note or Global Notes or the nominee of such Depositary and (b) shall be delivered by the Trustee to such Depositary or pursuant
to such Depositary’s instructions or held by the Trustee as custodian for the Depositary. If such Global Notes are Restricted Global Notes, then separate Global Notes shall be issued to represent Rule 144A Global Notes and Regulation S Global
Notes so long as required by law or the Depositary. 
 Except as set forth in this Section 2.1(b), beneficial interests in a
Temporary Regulation S Global Note will not be exchangeable for interests in a Rule 144A Global Note, a permanent global note (the “Permanent Regulation S Global Note” and, together with the Temporary
Regulation S Global Note, the “Regulation S Global Note”) or any other Note prior to the expiration of the period through and including the 40th day after the later of the commencement of the offering of the Initial Note or
Additional Note represented by such Temporary Regulation S Global Note and the closing of such offering (such period, the “Restricted Period”) and then, after the expiration of the Restricted Period, may be exchanged for
interests in a Rule 144A Global Note or the Permanent Regulation S Global Note only upon certification in form reasonably satisfactory to the Issuer and the Trustee that beneficial ownership interests in such Temporary Regulation S Global Note
are owned either by non-U.S. persons or U.S. persons who purchased such interests in a transaction that did not require registration under the Securities Act. 

Prior to the expiration of the Restricted Period, beneficial interests in a Temporary Regulation S Global Note may be exchanged for beneficial
interests in the Rule 144A Global Note only if (i) such exchange occurs in connection with a transfer of the Notes pursuant to Rule 144A, (ii) the transferor first delivers to the Trustee a written certificate to the effect that the
beneficial interest in the Temporary Regulation S Global Note is being transferred to a Person who the transferor reasonably believes to be a QIB and is purchasing for its own account or the account of a QIB, in each case in a transaction meeting
the requirements of Rule 144A, and (iii) the transfer is in accordance with all applicable securities laws of the states of the United States and other jurisdictions. After the expiration of the Restricted Period, such certification
requirements shall not apply to such transfers of beneficial interests in a Restricted Global Note representing Regulation S Global Notes. 

Beneficial interests in a Rule 144A Global Note that is a Transfer Restricted Note may be transferred to a Person who takes delivery in the
form of an interest in the Regulation S Global Note, whether before or after the expiration of the Restricted Period, only if the transferor first delivers to the Trustee a written certificate to the effect that such transfer is being made in
accordance with Rule 903 or 904 of Regulation S or Rule 144 (if available). 
 The aggregate principal amount of the Global Notes may from
time to time be increased or decreased by adjustments made on the records of the Trustee and the Depositary or its nominee as provided herein and in the Indenture. 

(c) Definitive Notes. Except as provided in Section 2.3 or 2.4, owners of beneficial interests in Restricted Global Notes shall
not be entitled to receive Definitive Notes. Definitive Notes shall be exchangeable for beneficial interests in Global Notes only as provided in Section 2.3. 

  
 App. - 2 








 2.2 Authentication of Exchange Notes. The Trustee shall authenticate and deliver at any
time or from time to time, Exchange Notes for issue in a Registered Exchange Offer pursuant to a Registration Rights Agreement for a like principal amount of Transfer Restricted Notes upon delivery of a Company Order. 

2.3 Transfer and Exchange. 

(a) Transfer and Exchange of Global Notes. The transfer and exchange of Global Notes or beneficial interests therein shall be effected
through the Depositary, in accordance with this Indenture (including applicable restrictions on transfer set forth herein, if any) and the procedures of the Depositary therefor. A transferor of a beneficial interest in a Global Note shall deliver to
the Registrar a written order given in accordance with the Depositary’s procedures containing information regarding the participant account of the Depositary to be credited with a beneficial interest in the Global Note. The Registrar shall, in
accordance with such instructions, instruct the Depositary to credit to the account of the Person specified in such instructions a beneficial interest in the Global Note and to debit the account of the Person making the transfer the beneficial
interest in the Global Note being transferred. 
 (i) Notwithstanding any other provisions of this Appendix, a Global Note
may not be transferred as a whole except by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor Depositary or
a nominee of such successor Depositary. 
 (ii) In the event that a Restricted Global Note is exchanged for Definitive Notes
pursuant to Section 2.4 prior to the consummation of a Registered Exchange Offer or the effectiveness of a Shelf Registration Statement with respect to such Notes, such Notes may be exchanged only in accordance with such procedures as
are substantially consistent with the provisions of this Section 2.3 (including the certification requirements set forth on the reverse of the Transfer Restricted Notes intended to ensure that such transfers comply with Rule 144A or
Regulation S or another applicable exemption under the Securities Act, as the case may be) and such other procedures as may from time to time be adopted by the Issuer. 

(b) Transfer and Exchange of Definitive Notes. When Definitive Notes are presented to the Registrar with a request (x) to register
the transfer of such Definitive Notes or (y) to exchange such Definitive Notes for an equal principal amount of Definitive Notes of other authorized denominations, the Registrar shall register the transfer or make the exchange as requested if
its requirements for such transaction are met; provided, however, that the Definitive Notes surrendered for transfer or exchange: 

(i) shall be duly endorsed or accompanied by a written instrument of transfer in form reasonably satisfactory to the Issuer and
the Registrar, duly executed by the Holder thereof or its attorney duly authorized in writing; and 
 (ii) if such Definitive
Notes are required to bear a Restricted Notes legend, they are being transferred or exchanged pursuant to an effective registration statement under the Securities Act, pursuant to Section 2.3(c) or pursuant to clause (A),
(B) or (C) below, and are accompanied by the following additional information and documents, as applicable: 
 (A)
if such Definitive Notes are being delivered to the Registrar by a Holder for registration in the name of such Holder, without transfer, a certification from such Holder to that effect; or 

(B) if such Definitive Notes are being transferred to the Issuer or any Subsidiary of the Issuer, a certification to that
effect; or 
 (C) if such Definitive Notes are being transferred (x) pursuant to an exemption from registration in
accordance with Rule 144A, Regulation S or Rule 144 under the Securities Act; or (y) in reliance upon another exemption from the requirements 

  
 App. - 3 








 
of the Securities Act: (I) a certification to that effect and (II) if the Issuer so requests, an opinion of counsel or other evidence reasonably satisfactory to it as to the compliance
with the restrictions set forth in the legend set forth in Section 2.3(d)(i). 
 (c) Restrictions on Transfer of a Definitive
Note for a Beneficial Interest in a Global Note. A Definitive Note may not be exchanged for a beneficial interest in a Rule 144A Global Note or a Permanent Regulation S Global Note except upon satisfaction of the requirements set forth
below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or accompanied by appropriate instruments of transfer, in form satisfactory to the Trustee, together with: 

(i) certification that such Definitive Note is either (A) being transferred to a QIB in accordance with Rule 144A, or
(B) being transferred after expiration of the Restricted Period by a Person who initially purchased such Note in reliance on Regulation S to a buyer who elects to hold its interest in such Note in the form of a beneficial interest in the
Permanent Regulation S Global Note; and 
 (ii) written instructions directing the Trustee to make, or directing the
Custodian to make, an adjustment on its books and records with respect to such Rule 144A Global Note (in the case of a transfer pursuant to clause (c)(i)(A)) or Permanent Regulation S Global Note (in the case of a transfer pursuant to
clause (c)(i)(B)) to reflect an increase in the aggregate principal amount of the Notes represented by the Rule 144A Global Note or Permanent Regulation S Global Note, as applicable, such instructions to contain information regarding the
Depositary account to be credited with such increase, 
 then the Trustee shall cancel such Definitive Note and cause, or direct the Custodian to cause, in
accordance with the standing instructions and procedures existing between the Depositary and the Custodian, the aggregate principal amount of Notes represented by the Rule 144A Global Note or Permanent Regulation S Global Note, as applicable, to be
increased by the aggregate principal amount of the Definitive Note to be exchanged and shall credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Rule 144A Global Note or
Permanent Regulation S Global Note, as applicable, equal to the principal amount of the Definitive Note so canceled. If no Rule 144A Global Notes or Permanent Regulation S Global Notes, as applicable, are then outstanding, the Issuer shall issue and
the Trustee shall authenticate, upon receipt of a Company Order, a new Rule 144A Global Note or Permanent Regulation S Global Note, as applicable, in the appropriate principal amount. 

(d) Legend. 

(i) Except as permitted by the following subclauses (ii), (iii), (iv) and (v), each Note certificate evidencing the
Restricted Global Notes (and all Notes issued in exchange therefor or in substitution thereof) shall bear a legend in substantially the following form: 

For each Rule 144A Global Note: 
 THIS NOTE (OR ITS PREDECESSOR)
WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH
REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER.
THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE ISSUER THAT, UNTIL THE EXPIRATION OF THE APPLICABLE HOLDING PERIOD WITH RESPECT TO THIS NOTE SET FORTH IN RULE 144(D)(I) OF THE SECURITIES ACT, (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED
OR OTHERWISE TRANSFERRED, ONLY (I) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (II)
OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (III) PURSUANT 

  
 App. - 4 








 
TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (IV) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN
EACH OF CASES (I) THROUGH (IV) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE
RESTRICTIONS REFERRED TO IN (A) ABOVE. 
 For each Regulation S Global Note: 

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND ALL
APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT. THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE ISSUER THAT IT WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO,
NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE FOREGOING RESALE RESTRICTIONS. 
 Each Definitive Note shall also bear the following additional legend:

 IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER
AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 
 Each Temporary Regulation S Global Note shall also
bear the following legend: 
 THE RIGHTS ATTACHING TO THIS TEMPORARY REGULATION S GLOBAL NOTE, AND THE CONDITIONS AND PROCEDURES GOVERNING (I) THE
EXCHANGE OF BENEFICIAL INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE FOR INTERESTS IN THE PERMANENT REGULATION S GLOBAL NOTE OR RULE 144A GLOBAL NOTE AND (II) THE TRANSFER OF INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL
NOTE, ARE AS SPECIFIED IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 (ii) The Issuer, acting in its discretion, may
remove the Restricted Notes legend set forth in clause (d)(i) above from any Transfer Restricted Note at any time on or after the Resale Restriction Termination Date applicable to such Transfer Restricted Note. Without limiting the generality
of the preceding sentence, the Issuer may effect such removal by issuing and delivering, in exchange for such Transfer Restricted Note, an Unrestricted Note without such legend, registered to the same Holder and in an equal principal amount, and
upon receipt by the Trustee of a Company Order stating that the Resale Restriction Termination Date applicable to such Transfer Restricted Note has occurred and requesting the authentication and delivery of an Unrestricted Note in exchange therefor
given at least three Business Days in advance of the proposed date of exchange specified therein (which shall be no earlier than such Resale Restriction Termination Date), the Trustee shall authenticate and deliver such Unrestricted Note to the
Depositary or pursuant to such Depositary’s instructions or hold such Note as Custodian and shall request the Depositary to, or, if the Trustee is custodian of such Transfer Restricted Note, shall itself, surrender such Transfer Restricted Note
in exchange for such Unrestricted Note without such legend and thereupon cancel such Transfer Restricted Note so surrendered, all as directed in such order. 

For purposes of this Section 2.3(d)(ii), all provisions relating to the removal of the legend set forth in clause (d)(i) above shall relate,
if the Resale Restriction Termination Date has occurred only with respect to a portion of the Notes evidenced by a Transfer Restricted Note, to such portion of the Notes so evidenced as to which the Resale Restriction Termination Date has occurred.


  
 App. - 5 








 Each holder of any Notes evidenced by any Restricted Global Note, by its acceptance thereof, (A) authorizes
and consents to, (B) appoints the Issuer as its agent for the sole purpose of delivering such electronic messages, executing and delivering such instruments and taking such other actions, on such holder’s behalf, as the Depositary or the
Trustee may require to effect, and (C) upon the request of the Issuer, agrees to deliver such electronic messages, execute and deliver such instruments and take such other actions as the Depositary or the Trustee may require, or as shall
otherwise be necessary to effect, the removal of the legend set forth in Section 2.3(d)(i) (including by means of the exchange of all or the portion of such Restricted Global Note evidencing such Note for a certificate evidencing such
Note that does not bear such legend) at any time after the Resale Restriction Termination Date. 
 (iii) Upon any sale or
transfer of a Transfer Restricted Note pursuant to Rule 144 under the Securities Act, the Registrar shall permit the transferee thereof to exchange such Transfer Restricted Note for a Note that does not bear the legend set forth in clause
(d)(i) above and rescind any restriction on the transfer of such Transfer Restricted Note, if the transferor thereof certifies in writing to the Registrar that, and if the Issuer or the Trustee so request, delivers an opinion of counsel to the
effect that, such sale or transfer was made in reliance on Rule 144 (such certification to be in the form set forth on the reverse of the Note). 

(iv) After a transfer of any Transfer Restricted Notes pursuant to and during the period of the effectiveness of a Shelf
Registration Statement with respect to such Notes, all requirements pertaining to transfer restriction legends on such Notes will cease to apply, and an Exchange Note in global form, without restrictive transfer legends, will be available to the
transferee of the Holder of such Notes upon exchange of such transferring Holder’s Definitive Notes or directions to transfer such Holder’s interest in the Global Note, as applicable. 

(v) Upon the consummation of a Registered Exchange Offer with respect to Transfer Restricted Notes, Exchange Notes in global
form will be available to Holders that exchange such Transfer Restricted Notes in such Registered Exchange Offer. 
 (e) Restrictions on
Transfer of Temporary Regulation S Global Notes. During the Restricted Period, beneficial ownership interests in Temporary Regulation S Global Notes may only be sold, pledged or transferred in accordance with the Applicable Procedures of
the Depositary and only (i) to the Issuer, (ii) in an offshore transaction in accordance with Regulation S (other than a transaction resulting in an exchange for an interest in a Permanent Regulation S Global Note) or
(iii) pursuant to an effective registration statement under the Securities Act, in each case, in accordance with any applicable securities laws of any state of the United States. 

(f) Cancellation or Adjustment of Global Note. At such time as all beneficial interests in a Global Note have either been exchanged for
Definitive Notes, redeemed, purchased or canceled, such Global Note shall be returned to the Issuer for cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Note is
exchanged for Definitive Notes, redeemed, purchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and records of the Trustee (if it is then the Custodian for
such Global Note) with respect to such Global Note, by the Trustee or the Custodian, to reflect such reduction. 
 (g) No Obligation of
the Trustee. The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in
any Note (including any transfers between or among Depositary participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to
do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

2.4 Definitive Notes. 

(a) A Global Note deposited with the Depositary or with the Trustee as custodian for the Depositary pursuant to Section 2.1 shall
be transferred to the beneficial owners thereof in the form of Definitive 

  
 App. - 6 








 
Notes in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, only in the circumstances described in Section 2.08 of this
Indenture and only if such transfer complies with Section 2.3 hereof. 
 (b) Any Global Note that is transferable to the
beneficial owners thereof pursuant to this Section 2.4 shall be surrendered by the Depositary or the Custodian located at its Corporate Trust Office to be so transferred, in whole or from time to time in part, without charge, and the
Trustee shall authenticate and deliver, upon such transfer of each portion of such Global Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. Any portion of a Global Note transferred pursuant to this
Section 2.4 shall be executed, authenticated and delivered only in denominations equal to $2,000 or an integral multiple of $1,000 in excess thereof, and registered in such names as the Depositary shall direct. Any Definitive Note
delivered in exchange for an interest in a Global Note shall, except as otherwise provided by Section 2.3, bear the Restricted Notes legend and Definitive Notes legend. 

(c) In no event shall beneficial interests in the Temporary Regulation S Global Note be transferred or exchanged for Definitive Notes prior to
(x) the expiration of the Restricted Period and (y) the receipt by the Registrar of any certificates required pursuant to Rule 903(b)(3)(ii)(B) of Regulation S under the Securities Act. 

  
 App. - 7 








 EXHIBIT A 

[Form of Face of Note] 
 [UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY
CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE
HEREOF.]1 
 [Rule 144A Restricted Note Legend] 

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933,
AS AMENDED (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY NOTIFIED THAT THE SELLER OF
THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE ISSUER THAT, UNTIL THE EXPIRATION OF THE APPLICABLE HOLDING
PERIOD WITH RESPECT TO THIS NOTE SET FORTH IN RULE 144(D)(I) OF THE SECURITIES ACT, (A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED
INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (II) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 OF REGULATION S UNDER THE
SECURITIES ACT, (III) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE) OR (IV) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES
(I) THROUGH (IV) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS
REFERRED TO IN (A) ABOVE. 
 [Regulation S Restricted Note Legend] 

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND
ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT. THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE ISSUER THAT IT WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO,
NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE FOREGOING RESALE RESTRICTIONS. 
  

 

	1 	Note: To be included in a Global Note. 


  
 A - 1 








 [Temporary Regulation S Restricted Note Legend] 

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS
AMENDED (THE “SECURITIES ACT”), AND MAY NOT BE TRANSFERRED IN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, ANY U.S. PERSON EXCEPT PURSUANT TO AN AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND
ALL APPLICABLE STATE SECURITIES LAWS. TERMS USED ABOVE HAVE THE MEANINGS GIVEN TO THEM IN REGULATION S UNDER THE SECURITIES ACT. THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE ISSUER THAT IT WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO,
NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE FOREGOING RESALE RESTRICTIONS. 
 THE RIGHTS ATTACHING TO THIS TEMPORARY REGULATION S
GLOBAL NOTE, AND THE CONDITIONS AND PROCEDURES GOVERNING (I) THE EXCHANGE OF BENEFICIAL INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE FOR INTERESTS IN THE PERMANENT REGULATION S GLOBAL NOTE OR RULE 144A GLOBAL NOTE AND (II) THE
TRANSFER OF INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE, ARE AS SPECIFIED IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

  
 A - 2 








 GLOBAL NOTE 

6.125% SENIOR NOTES DUE 2024 

CUSIP              

ISIN              

No.         $ 

CENTENE ESCROW CORPORATION 
 promises to
pay to CEDE & CO., INC. or registered assigns, the principal sum of          Dollars ($        ) on February 15, 2024. 

Interest Payment Dates: February 15 and August 15, commencing August 15, 2016. 

Record Dates: February 1 and August 1 
 Dated:
            , 20     

  
 A - 3 








 IN WITNESS WHEREOF, the Issuer has caused this Note to be signed manually or by facsimile by its
duly authorized officer. 
  

			
	CENTENE ESCROW CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
		
	By:	 	  

	Name:	 	
	Title:	 	


 This is one of the 
 Notes
referred to in the 
 within-mentioned Indenture: 
 THE BANK OF
NEW YORK MELLON TRUST COMPANY, N.A. as Trustee 
  

			
	By:	 	  

		 	Authorized Signatory
	
	Dated              , 20    


  
 A - 4 








 (Back of Note) 

6.125% Senior Notes due 2024 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise indicated. 

1. Interest. Centene Escrow Corporation, a Delaware corporation (such corporation, prior to the consummation of the Assumption,
the “Issuer”, which term shall, upon consummation of the Assumption and thereafter, refer to Centene Corporation, a Delaware corporation, and its successors and assigns under the Indenture (the
“Company”)), promises to pay interest on the principal amount of this Note at 6.125% per annum until maturity. The Issuer shall pay interest semi-annually on February 15 and August 15 of each year, or if any
such day is not a Business Day, on the next succeeding Business Day (each an “Interest Payment Date”). Interest shall accrue from the most recent date to which interest has been paid on the Notes (or one or more Predecessor
Notes) or, if no interest has been paid, from February 11, 2016. The Issuer shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time at a rate
that is 1.0% per annum in excess of the interest rate then in effect under the Indenture and this Note; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest
(without regard to any applicable grace periods), from time to time at the same rate to the extent lawful. [The Issuer promises to pay interest on the principal amount of this Note at the rate per annum shown above; provided, however,
that if a Registration Default (as defined in the Registration Rights Agreement) occurs, additional interest (“Additional Interest”) shall accrue on this Note in accordance with the terms of the Registration Rights
Agreement.]2 Interest shall be computed on the basis of a 360-day year of twelve 30-day months. 

2. Method of Payment. The Issuer shall pay interest on the Notes (except defaulted interest) to the Persons in whose name this
Note (or one or more Predecessor Notes) is registered at the close of business on the February 1 or August 1 next preceding the Interest Payment Date, even if such Notes are cancelled after such record date and on or before such Interest
Payment Date, except as provided in Section 2.14 of the Indenture with respect to defaulted interest. The Notes shall be payable as to principal, premium, if any, and interest at the office or agency of the Issuer maintained for such purpose,
or, at the option of the Issuer, payment of interest may be made by check mailed to the Holders at their addresses set forth in the Note Register; provided, however, that payment by wire transfer of immediately available funds shall be
required with respect to principal of and interest and premium, if any, on, all Global Notes and all other Notes the Holders of which shall have provided wire transfer instructions to the Issuer or the Paying Agent. Such payment shall be in such
coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 
 3.
Paying Agent and Registrar. Initially, The Bank of New York Mellon Trust Company, N.A., the Trustee under the Indenture, shall act as Paying Agent and Registrar. The Issuer may change any Paying Agent or Registrar without notice to any
Holder. The Company or any of its Restricted Subsidiaries may act in any such capacity. 
 4. Indenture. The Issuer issued the
Notes under an Indenture dated as of February 11, 2016 (the “Indenture”) between the Issuer and the Trustee. The terms of the Notes include those stated in the Indenture and those made part of the Indenture by reference
to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb). The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision
of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. 
  

 

	2 	Note: All references to “Additional Interest” in the Note shall be deleted in an Exchange Note unless if, at the date of issuance of the Exchange Note, any Registration Default (as defined in the
Registration Rights Agreement) has occurred with respect to the related Transfer Restricted Notes during the interest period in which such date of issuance occurs. 


  
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 5. Optional Redemption. 

(a) Except as set forth in clause (b) of this paragraph 5, the Notes shall not be redeemable at the option of the Issuer prior to
February 15, 2019. 
 (b) At any time following the Assumption Date and prior to February 15, 2019, the Company may redeem all or
a portion of the Notes, at once or over time, upon notice as described in Section 3.03 of the Indenture at a Redemption Price equal to 100% of the principal amount of the Notes redeemed plus the Applicable Premium as of, and accrued and unpaid
interest, if any, to the Redemption Date (subject to the rights of Holders of record on the relevant record date to receive interest due on an interest payment date falling prior to the Redemption Date). 

(c) On or after February 15, 2019, the Company may redeem all or any portion of the Notes, at once or over time, upon notice as described
in Section 3.03 of the Indenture. The Notes may be redeemed at the Redemption Prices set forth below, plus accrued and unpaid interest, if any, to the Redemption Date (subject to the right of Holders of record on the relevant record date to
receive interest due on an interest payment date falling prior to the Redemption Date). The following prices are for Notes redeemed during the 12 month period commencing on February 15 of the years set forth below, and are expressed as
percentages of principal amount. 
  

					
	 Year
	  	Redemption
Price	 
	 2019
	  	 	104.5938	% 
	 2020
	  	 	103.0625	% 
	 2021
	  	 	101.5313	% 
	 2022 and thereafter
	  	 	100.0000	% 

 6. Mandatory Redemption. 

Except as set forth in Sections 3.09, 4.12 and 4.16 of the Indenture, the Issuer shall not be required to make mandatory redemption or
sinking fund payments with respect to the Notes. 
 7. Repurchase at Option of Holder. 

(a) Upon the occurrence of a Change of Control, Article 3 and Section 4.16 of the Indenture shall apply to the extent applicable.

 (b) If the Company or any of its Restricted Subsidiaries consummates an Asset Sale, Article 3 and Section 4.12 of the Indenture
shall apply to the extent applicable. 
 8. Notice of Redemption. 

(a) Notice of redemption shall be sent at least 30 days but not more than 60 days before the Redemption Date to each Holder whose Notes are to
be redeemed at its registered address (or electronically for Global Notes). Notes in denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1,000, unless all of the Notes held by a Holder are to be redeemed. On and
after the Redemption Date interest ceases to accrue on Notes or portions thereof called for redemption. 
 (b) Notice of a Special Mandatory
Redemption shall be sent in accordance with Section 3.09 of the Indenture. 
 9. Denominations, Transfer, Exchange. The
Notes are in registered form without coupons in denominations of $2,000 and integral multiples of $1,000. This Note shall represent the aggregate principal amount of outstanding Notes from time to time endorsed hereon and the aggregate principal
amount of Notes represented hereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar
and the Trustee may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and the Issuer may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Issuer need not
exchange or register the transfer of any Note or portion of a Note selected for redemption, except for 

  
 A - 6 








 
the unredeemed portion of any Note being redeemed in part. Also, the Issuer need not exchange or register the transfer of any Notes for a period of 15 days before a selection of Notes to be
redeemed or during the period between a record date and the corresponding Interest Payment Date. 
 10. Persons Deemed Owners.
The registered Holder of a Note may be treated as its owner for all purposes. 
 11. Amendment, Supplement and Waiver. The
Issuer and the Trustee may amend or supplement the Indenture or the Notes in accordance with Article 9 of the Indenture. 
 12.
[Reserved].  
 13. Trustee Dealings with Issuer. Subject to certain limitations, the Trustee in
its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Issuer or any Affiliate of the Issuer with the same rights it would have if it were not Trustee. 

14. No Recourse Against Others. No past, present or future director, officer, employee, incorporator, stockholder, member,
manager or partner of the Issuer or any Guarantor, as such, shall have any liability for any Obligations of the Issuer or of the Guarantors under this Note, the Indenture, any supplemental indenture, the Subsidiary Guarantees, if any, or for any
claim based on, in respect of, or by reason of, such Obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. 

15. Authentication. This Note shall not be valid until authenticated by manual, facsimile or electronic signature of the Trustee
or an authenticating agent. 
 16. Abbreviations. Customary abbreviations may be used in the name of a Holder or an assignee,
such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A (= Uniform Gifts to Minors Act). 

17. CUSIP Numbers. Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the
Issuer has caused CUSIP numbers to be printed on the Notes and has directed the Trustee to use CUSIP numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as printed on the
Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 
 18.
Governing Law. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS NOTE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPALS OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER
JURISDICTION WOULD BE REQUIRED THEREBY. 
 The Issuer shall furnish to any Holder upon written request and without charge a copy of the
Indenture. Requests may be made to: 
 Centene Corporation 

7700 Forsyth Boulevard 
 St.
Louis, MO 63102 
 Attention: General Counsel 

Telecopier No.: (314) 725-5180 

  
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 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.12 or 4.16 of the Indenture, check the box below:

  ̈ Section 4.12 

 ̈ Section 4.16 

If you want to elect to have only part of the Note purchased by the Company pursuant to Section 4.12 or Section 4.16 of the
Indenture, state the amount you elect to have purchased: $         
  

							
	Date:                     	 		 	Your Signature:	 	  

		 		 	(Sign exactly as your name appears on the Note)
			
		 		 	 Tax Identification No.:

			
		 		 	 SIGNATURE GUARANTEE

		 		 	Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion
Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as
amended.


  
 A - 8 








 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

I or we assign and transfer this Note to 
  

 
 (Print or type assignee’s name,
address and zip code) 
  
  

(Insert assignee’s soc. sec. or tax I.D. No.) 
  

 

									
	and irrevocably appoint                      agent to transfer this Note on the books of the Issuer. The agent may
substitute another to act for him.
					
	Date:	  	                    	  		  	Your signature:	  	  

		  		  		  		  	Sign exactly as your name appears on the other side of this Note.
				
	Signature Guarantee:	  		  		  	

  

									
	  
	  	
	(Signature must be guaranteed)	  	

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Registrar,
which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to, or in
substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 
  

 
 [Include the following only if the
Restricted Notes legend is included hereon] 
 In connection with any transfer of any of the Notes evidenced by this certificate occurring prior to the
expiration of the applicable holding period with respect to the Notes set forth in Rule 144(d)(i) of the Securities Act (or, in the case of Regulation S Notes, prior to the expiration of the Restricted Period), the undersigned confirms
that such Notes are being transferred in accordance with their terms: 
 CHECK ONE BOX BELOW 

 

					
	(1)	  	 ̈	  	to the Issuer or a Subsidiary of the Issuer; or
			
	(2)	  	 ̈	  	pursuant to a registration statement that has been declared effective under the Securities Act of 1933; or
			
	(3)	  	 ̈	  	for so long as the Notes are eligible for resale pursuant to Rule 144A, to a person who the undersigned reasonably believes is a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act of 1933)
that is purchasing for its own account or for the account of a qualified institutional buyer to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule 144A under the
Securities Act of 1933; or
			
	(4)	  	 ̈	  	pursuant to offers and sales to non-U.S. persons that occur outside the United States within the meaning of Regulation S under the Securities Act in compliance with Rule 904 under the Securities Act of 1933; or
			
	(5)	  	 ̈	  	pursuant to another exemption from registration under the Securities Act of 1933 (other than Regulation S under the Securities Act of 1933).


  
 A - 9 








 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this
certificate in the name of any person other than the registered holder thereof; provided, however, that if box (4) or (5) is checked, the Issuer and the Trustee shall be entitled to require, prior to registering any such
transfer of the Notes, such legal opinions, certifications and other information as each of the Issuer and the Trustee has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act of 1933. 
  

	
	  

	Signature


  
 A - 10 








 TO BE COMPLETED BY PURCHASER IF (3) ABOVE IS CHECKED. 

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises sole investment
discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, and is aware that the sale to it is being made in reliance on Rule 144A and
acknowledges that it has received such information regarding the Issuer and any Subsidiary Guarantors as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the
transferor is relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 
  

									
	Dated:	 	  
	 		 	  

		 		 		 	Notice: To be executed by an executive officer


  
 A - 11 








 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE 

The following exchanges of a part of this Global Note for an interest in another Global Note or for a Definitive Note, or exchanges of a part
of another Global Note or Definitive Note for an interest in this Global Note, have been made: 
  

									
	 Date of Exchange
	 	 Amount of

decrease in

Principal
 Amount of

this Global

Note
	 	 Amount of

increase in

Principal
 Amount of

this Global

Note
	 	 Principal

Amount of

this Global

Note

following such

decrease
 (or
increase)
	 	 Signature of

authorized
 signatory
of
 Trustee or

Custodian

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	


  
 A - 12 








 EXHIBIT B 

FORM OF NOTATION OF GUARANTEE 

For value received, each Guarantor (which term includes any successor Person under the Indenture), jointly and severally, unconditionally
guarantees, to the extent set forth in the Indenture and subject to the provisions in the Indenture, dated as of February 11, 2016 (the “Indenture”), among Centene Escrow Corporation, as issuer (the
“Issuer”), and The Bank of New York Mellon Trust Company, N.A., as trustee (the “Trustee”), (a) the due and punctual payment of the principal of, premium, if any, and interest on the Notes,
whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal and premium, if any, and, to the extent permitted by law, interest and the due and punctual performance of all other
obligations of the Issuer to the Holders or the Trustee all in accordance with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that the same will be
promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to
the Subsidiary Guarantee and the Indenture are expressly set forth in Article 10 of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee. This Subsidiary Guarantee is subject to release as and to the
extent set forth in Sections 8.02, 8.03 and 10.05 of the Indenture. Each Holder of a Note, by accepting the same agrees to and shall be bound by such provisions. Capitalized terms used herein and not defined are used herein as so defined in the
Indenture. 
  

			
	[NAME OF GUARANTORS]
		
	By:	 	  

	Name:	 	
	Title:	 	



  
 B-1 








 EXHIBIT C 

[FORM OF SUPPLEMENTAL INDENTURE – ASSUMPTION] 

FIRST SUPPLEMENTAL INDENTURE (this “First Supplemental Indenture”) dated as of [●], 2016, by and between Centene
Corporation, a Delaware corporation (the “Company”), and The Bank of New York Mellon Trust Company, N.A., as Trustee under the Indenture referred to below. 

W I T N E S S E T H: 
 WHEREAS,
Centene Escrow Corporation (the “Escrow Issuer”) has heretofore executed and delivered to the Trustee an indenture (the “Indenture”), dated as of February 11, 2016, providing for the issuance of 6.125% Senior
Notes due 2024 (the “Notes”); 
 WHEREAS, Section 5.03 of the Indenture requires the Company to execute this
First Supplemental Indenture upon consummation of the Assumption (as defined in the Indenture) on the Assumption Date (as defined in the Indenture); and 

WHEREAS, pursuant to Section 9.01 of the Indenture, the Company and the Trustee are each authorized to execute and deliver this
First Supplemental Indenture; 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the
receipt of which is hereby acknowledged, the Company and the Trustee mutually covenant and agree for the benefit of the Holders of the Notes as follows: 

ARTICLE I 
 DEFINITIONS 

SECTION 1.1. Defined Terms. As used in this First Supplemental Indenture, terms defined in the Indenture or in the preamble or recitals
hereto are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this First Supplemental Indenture refer to this First Supplemental Indenture as a whole and
not to any particular section hereof. 
 ARTICLE II 

AGREEMENT TO BE BOUND 
 SECTION
2.1. Agreement to be Bound. The Company hereby assumes the Escrow Issuer’s obligations for the due and punctual payment of the principal of and interest, any Applicable Premium and any Additional Interest pursuant to a Registration
Rights Agreement, if applicable, on all Notes issued pursuant to the Indenture and the performance and observance of each other obligation and covenant set forth in the Indenture to be performed or observed on the part of the Escrow Issuer. The
Company is hereby substituted for, and may exercise every right and power of, the Escrow Issuer under the Indenture with the same effect as if the Company had been named as the Issuer in the Indenture, and the Company is a successor corporation
under the Indenture. 
 ARTICLE III 

MISCELLANEOUS 
 SECTION 3.1.
Notices. All notices and other communications by the Company or the Trustee to each other shall be given as provided in the Indenture. 

SECTION 3.2. Governing Law. THIS FIRST SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF
THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

  
 C-1 








 SECTION 3.3. Severability. In case any provision in this First Supplemental Indenture
shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby and such provision shall be ineffective only to the extent of such invalidity,
illegality or unenforceability. 
 SECTION 3.4. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as
expressly amended hereby, the Indenture is in all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This First Supplemental Indenture shall form a part of the Indenture for
all purposes, and every Holder of Notes heretofore or hereafter authenticated and delivered shall be bound hereby. 
 SECTION 3.5. The
Trustee. The Trustee makes no representation or warranty as to the validity or sufficiency of this First Supplemental Indenture. 

SECTION 3.6. Counterparts. The parties hereto may sign any number of copies of this First Supplemental Indenture. Each signed copy
shall be an original, but all of them together represent the same agreement. 
 SECTION 3.7. Headings. The headings of the Articles
and the Sections in this First Supplemental Indenture are for convenience of reference only and shall not be deemed to alter or affect the meaning or interpretation of any provisions hereof. 

  
 C-2 








 IN WITNESS WHEREOF, the parties hereto have caused this First Supplemental Indenture to be duly
executed as of the date first above written. 
  

			
	CENTENE CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	


 [Signature Page to Form of Supplemental Indenture – Assumption] 

  
 C-3 








 
			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
	as Trustee
		
	By:	 	  

	Name:	 	
	Title:	 	


 [Signature Page to Form of Supplemental Indenture – Assumption] 

  
 C-4 








 EXHIBIT D 

[FORM OF SUPPLEMENTAL INDENTURE – SUBSIDIARY GUARANTOR] 

SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) dated as of
                    , among (i) each of the subsidiaries of Centene Corporation (or its successor), a Delaware corporation (the
“Company”), identified as a “New Guarantor” on Schedule I-A hereto (each, a “New Guarantor”), (ii) the Company and (iii) The Bank of New York Mellon Trust Company, N.A., as trustee under the
Indenture referred to below (the “Trustee”). 
 W I T N E S S E T H : 

WHEREAS, Centene Escrow Corporation (the “Escrow Issuer”) has heretofore executed and delivered to the Trustee an Indenture (the
“Original Indenture”) dated as of February 11, 2016, providing for the issuance of 6.125% Senior Notes due 2024 (the “Notes”); 

WHEREAS, the Company has heretofore executed and delivered to the Trustee the First Supplemental Indenture to the Original Indenture dated as
of [●], 2016 (the Original Indenture, as supplemented by such First Supplemental Indenture, the “Indenture”), whereby the Company agreed to assume all of the obligations of the Escrow Issuer under the Notes and the Original
Indenture; 
 WHEREAS, Section 4.17 of the Indenture provides that under certain circumstances the Company is required to cause each
New Guarantor to execute and deliver to the Trustee a supplemental indenture pursuant to which such New Guarantor shall unconditionally guarantee all the Company’s obligations under the Notes pursuant to a Subsidiary Guarantee on the terms and
conditions set forth herein; and 
 WHEREAS, pursuant to Section 9.01 of the Indenture, the Trustee and the Company are each authorized
to execute and deliver this Supplemental Indenture; 
 NOW, THEREFORE, in consideration of the foregoing and for other good and valuable
consideration, the receipt of which is hereby acknowledged, the New Guarantors, the Company and the Trustee mutually covenant and agree for the benefit of the Holders of the Notes as follows: 

1. Agreement to Guarantee. Each New Guarantor hereby agrees, jointly and severally with each other New Guarantor, to unconditionally
guarantee the Company’s obligations under the Notes on the terms and subject to the conditions set forth in Article 10 of the Indenture and to be bound by all other applicable provisions of the Indenture and the Notes. 

2. Ratification of Indenture; Supplemental Indentures Part of Indenture. Except as expressly amended hereby, the Indenture is in
all respects ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Notes heretofore or
hereafter authenticated and delivered shall be bound hereby. 
 3. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED
BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

 4. Trustee Makes No Representation. The Trustee makes no representation as to the validity or sufficiency of this Supplemental
Indenture. 
 5. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an
original, but all of them together represent the same agreement. 

  
 D-1 








 6. Effect of Headings. The Section headings herein are for convenience only and shall not
affect the construction thereof. 
 7. Defined Terms. As used in this Supplemental Indenture, terms defined in the Indenture or in
the preamble or recitals hereto are used herein as therein defined. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as
a whole and not to any particular section hereof. 

  
 D-2 








 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly
executed as of the date first above written. 
  

			
	 [NEW GUARANTOR]

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	CENTENE CORPORATION
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,
	as Trustee,
		
	By:	 	  

	Name:	 	
	Title:	 	


 [Signature Page to Form of Supplemental Indenture – Subsidiary Guarantor] 

  
 D-3