Exhibit 4.1


 


[Execution]


 


AMERISOURCEBERGEN CORPORATION


 


$500,000,000


 


2.800% SENIOR NOTES DUE 2030


 





 



 




NINTH SUPPLEMENTAL INDENTURE 


 


Dated as of May 19, 2020

To

INDENTURE

Dated as of November 19, 2009


 





 



 




U.S. BANK NATIONAL ASSOCIATION,

as Trustee


 






    


     


    

 


TABLE OF CONTENTS


 


	 	Page
	 	 
	ARTICLE 1

                                                                                
 Definitions and Other Provisions of General Application

	 	 
	Section 1.01.   Definitions	1
	Section 1.02.   Notices, etc., to Trustee and Company	19
	Section 1.03.   Conflict with Trust Indenture Act	20
	Section 1.04.   Effect of Headings and Table of Contents	20
	Section 1.05.   Successors and Assigns	20
	Section 1.06.   Severability Clause	20
	Section 1.07.   Benefits of Indenture	20
	Section 1.08.   Governing Law	20
	Section 1.09.   Counterparts	21
	Section 1.10.   Immunity of Incorporators, Stockholders, Directors and Officers	21
	Section 1.11.   Qualification of Indenture	21
	Section 1.12.   Relationship with Base Indenture	21
	 
	ARTICLE 2

                                                                                 
 The 2030 Notes

	 	 
	Section 2.01.   Form of 2030 Note and Dating	22
	Section 2.02.   Designation and Principal Terms	22
	Section 2.03.   Denominations	23
	Section 2.04.   Global Form	23
	Section 2.05.   Depositary	23
	Section 2.06.   Execution, Authentication and Delivery, and Dating	23
	Section 2.07.   CUSIP Number	25
	Section 2.08.   Issuance of Additional 2030 Notes	25
	 
	ARTICLE 3

                                                                                 

                                                                                Remedies

	 	 
	Section 3.01.   Events of Default	25
	Section 3.02.   Action by Holders	27



 






    i


     


    

 


	ARTICLE 4

                                                                                 

                                                                                Supplemental Indentures

	 	 
	Section 4.01.   Supplemental Indentures without Consent of Securityholders	27
	Section 4.02.   Supplemental Indentures with Consent of Securityholders	28
	Section 4.03.   Execution of Supplemental Indentures	29
	Section 4.04.   Effect of Supplemental Indentures	30
	Section 4.05.   Conformity with Trust Indenture Act	30
	Section 4.06.   Reference in 2030 Notes to Supplemental Indentures	30



 


	ARTICLE 5

                                                                                 

                                                                                Covenants

	 	 
	Section 5.01.   Payment of Principal, Premium and Interest	30
	Section 5.02.   Liens	30
	Section 5.03.   Limitation on Sale and Leaseback Transactions	31
	Section 5.04.   Offer to Repurchase Upon Change of Control Triggering Event	31
	Section 5.05.   2030 Note Guarantees	33
	Section 5.06.   Designation of Restricted and Unrestricted Subsidiaries	33
	Section 5.07.   Commission Reports	33
	 
	ARTICLE 6

                                                                                 

                                                                                Successors

	 	 
	Section 6.01.   Merger, Consolidation or Sale of Assets	33
	 
	ARTICLE 7

                                                                                 

                                                                                Redemption of 2030 Notes by the Company

	 	 
	Section 7.01.   Optional Redemption	34
	Section 7.02.   Mandatory Redemption	35





 






    ii


     


    

 


THIS
NINTH SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), by and among AmerisourceBergen Corporation,
a Delaware corporation (hereinafter called the “Company”), and U.S. Bank National Association, a national banking
association organized and existing under the laws of the United States of America, as trustee (hereinafter called the “Trustee”),
is made and entered into as of this 19th day of May, 2020.


 


Recitals


 


The Company has heretofore
executed and delivered to the Trustee an indenture, dated as of November 19, 2009 (as such indenture has been amended, supplemented
or otherwise modified prior to the date hereof, the “Base Indenture”), providing for the issuance of the Company’s
unsecured debentures, notes, bonds, and other evidences of indebtedness, to be issued in one or more fully registered series (the
 “Securities”).


 


Pursuant to Section
3.01 of the Base Indenture, the Company desires to provide for the establishment of a new series of Securities under the Base Indenture
to be known as its “2.800% Senior Notes due 2030” (the “2030 Notes”), the form and substance and
the terms, provisions and conditions thereof to be set forth as provided in the Base Indenture and this Supplemental Indenture.


 


The Company has requested
that the Trustee execute and deliver this Supplemental Indenture, which is being entered into pursuant to the provisions of Section
9.01 of the Base Indenture.


 


All conditions and
requirements necessary to make this Supplemental Indenture a valid, binding and legal instrument in accordance with its terms have
been performed and fulfilled by the parties hereto and the execution and delivery thereof have been in all respects duly authorized
by the parties hereto.


 


This Supplemental Indenture
shall modify the Base Indenture only with respect to the 2030 Notes.


 


Agreements of the Parties


 


To set forth or to
provide for the establishment of the terms and conditions upon which the 2030 Notes are and are to be authenticated, issued, and
delivered, and in consideration of the premises thereof, and the purchase of the 2030 Notes by the Holders thereof, the Company
and the Trustee mutually covenant and agree as follows, for the equal and proportionate benefit of all Holders from time to time
of the 2030 Notes:


 


ARTICLE
1

Definitions and Other Provisions of General Application


 


Section
1.01. Definitions. For all purposes of this Supplemental Indenture and of any indenture supplemental hereto,
except as expressly provided or unless the context otherwise requires:


 






    1


     


    

 


(a)       
the capitalized terms used in this Supplemental Indenture and not otherwise defined herein have the meanings assigned to
them in the Base Indenture;


 


(b)       
all other terms used in this Supplemental Indenture which are not defined in this Supplemental Indenture or in the Base
Indenture and that are defined in the Trust Indenture Act, either directly or by reference therein, have the meanings assigned
to them therein;


 


(c)       
all accounting terms not otherwise defined in this Supplemental Indenture have the meanings assigned to them in accordance
with GAAP (as hereinafter defined);


 


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


 


(e)       
“or” has the inclusive meaning attributable to the phrase “and/or”;


 


(f)        
“including” has the inclusive meaning attributable to the phrase “but not limited to”;


 


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


 


(h)       
provisions apply to successive events and transactions;


 


(i)         
references to sections of or rules under the Securities Act will be deemed to include substitute, replacement or successor
sections or rules adopted by the Commission from time to time; and


 


(j)         
“will” shall be interpreted as an express command.


 


“2030 Notes”
has the meaning assigned to it in the preamble to this Supplemental Indenture. The Initial 2030 Notes and the Additional 2030 Notes
shall be treated as a single class for purposes of certain matters specified in this Supplemental Indenture.


 


“Additional
2030 Notes” means any Securities (other than the Initial 2030 Notes) issued under this Supplemental Indenture in accordance
with Section 2.08 hereof, as part of the same series as the Initial 2030 Notes.


 


“Adjusted
Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semiannual equivalent yield
to maturity of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of
its principal amount) equal to the Comparable Treasury Price for such Redemption Date (or, in the case of either defeasance or
covenant defeasance to a Redemption Date, for the applicable date of deposit with the Trustee of funds to pay the Redemption Price),
plus 35 basis points.


 






    2


     


    

 


“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; provided that beneficial
ownership of 10% or more of the Voting Stock of a Person will be deemed to be control. For purposes of this definition, the terms
 “controlling,” “controlled by” and “under common control with” have correlative meanings. No
Person (other than the Company or any Subsidiary of the Company) in whom a Receivables Subsidiary makes an Investment in connection
with a Qualified Receivables Transaction will be deemed to be an Affiliate of the Company or any of its Subsidiaries solely by
reason of such Investment.


 


“Asset Sale”
means the sale, lease, conveyance or other disposition of any assets or rights, other than sales or returns of inventory in the
ordinary course of business (provided that the sale, lease, conveyance or other disposition of all or substantially all
of the assets of the Company and its Restricted Subsidiaries taken as a whole shall be governed by the provisions of Section 6.01
hereof).


 


“Attributable
Indebtedness” in respect of a sale and leaseback transaction means, at the time of determination, the present value of
the obligation of the lessee for net rental payments during the remaining term of the lease included in such sale and leaseback
transaction including any period for which such lease has been extended or may, at the option of the lessor, be extended. Such
present value shall be calculated using a discount rate equal to the rate of interest implicit in such transaction, determined
in accordance with GAAP.


 


“Bankruptcy
Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors.


 


“Base Indenture”
has the meaning set forth in the preamble to this Supplemental Indenture.


 


“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” (as that term is used in Section 13(d)(3) of the Exchange
Act), such “person” will be deemed to have beneficial ownership of all securities that such “person” 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. The terms “Beneficially Owns” and “Beneficially Owned”
have a corresponding meaning.


 


“Blanco”
means J.M. Blanco, Inc.


 


“Board of
Directors” means (i) with respect to a corporation, the Board of Directors of the corporation or any authorized
committee of the Board of Directors, (ii) with respect to a partnership, the Board of Directors of the general partner of
the partnership; and (iii) with respect to any other Person, the board or committee of such Person serving a similar function.


 






    3


     


    

 


“Board Resolution”
means a copy of a resolution certified by the Secretary or an Assistant Secretary of any Person to have been duly adopted by any
Board of Directors or any duly authorized committee thereof and to be in full force and effect on the date of such certification
and delivered to the Trustee.


 


“Business
Day” means each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day on which banking institutions in the
Place of Payment are authorized or obligated by law to close.


 


“Capital Lease
Obligation” means, at the time any determination thereof is to be made, the amount of the liability in respect of a finance
lease that would at such time be required to be capitalized on a balance sheet in accordance with GAAP.


 


“Capital Stock”
means


 


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


 


(b)        
in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents
(however designated) of corporate stock,


 


(c)        
in the case of a partnership or limited liability company, partnership or membership interests (whether general or limited),
and


 


(d)        
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, other than earnouts.


 


“Chairman”
means the Chairman of any Person’s Board of Directors.


 


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


 


(a)        
the direct or indirect sale, lease, 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 assets of the Company and its Subsidiaries taken
as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than to the Company
or one of its Subsidiaries;


 


(b)        
the consummation of any transaction (including without limitation, any merger or consolidation) the result of which is that
any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) becomes the “beneficial owner”
(as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of the outstanding
Voting Stock of the Company, measured by voting power rather than number of shares;


 






    4


     


    

 


(c)        
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 shares
of the Voting Stock of the Company outstanding immediately prior to such transaction constitute, or are converted into or exchanged
for, a majority of the Voting Stock of the surviving Person immediately after giving effect to such transaction;


 


(d)        
the first day on which the majority of the members of the Board of Directors of the Company cease to be Continuing Directors;
or


 


(e)        
the adoption of a plan relating to the liquidation or dissolution of the Company.


 


“Change of
Control Offer” has the meaning specified in Section 5.04 hereof.


 


“Change of
Control Payment” has the meaning specified in Section 5.04 hereof.


 


“Change
of Control Payment Date” has the meaning specified in Section 5.04 hereof.


 


“Change of
Control Triggering Event” means the 2030 Notes cease to be rated Investment Grade by at least two of the three Rating
Agencies on any date during the period (the “Trigger Period”) commencing 60 days prior to the first public
announcement by the Company of any Change of Control (or pending Change of Control) and ending 60 days following consummation
of such Change of Control (which Trigger Period will be extended following consummation of a Change of Control for so long as any
of the Rating Agencies has publicly announced that it is considering a possible ratings change). Unless at least two of the three
Rating Agencies are providing a rating for the 2030 Notes at the commencement of any Trigger Period, the 2030 Notes will be deemed
to have ceased to be rated Investment Grade by at least two of the three Rating Agencies during that Trigger Period. Notwithstanding
the foregoing, no Change of Control Triggering Event will be deemed to have occurred in connection with any particular Change of
Control unless and until such Change of Control has actually been consummated.


 


“Comparable
Treasury Issue” means the United States Treasury security selected by an Independent Investment Banker as having a maturity
comparable to the Par Call Date that would be utilized, at the time of selection and in accordance with customary financial practice,
in pricing new issues of corporate debt securities of comparable maturity to the Par Call Date.


 


“Comparable
Treasury Price” means, with respect to any Redemption Date, (A) the average of the Reference Treasury Dealer Quotations
for such Redemption Date, after excluding the highest and lowest of such Reference Treasury Dealer Quotations, or (B) if the
Trustee obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Quotations.


 






    5


     


    

 


“Consolidated
Cash Flow” means, with respect to any specified Person for any period, the Consolidated Net Income of such Person for
such period plus:


 


(a)        
an amount equal to any extraordinary loss plus any net loss realized by such Person or any of its Restricted Subsidiaries
in connection with an Asset Sale, to the extent such losses were deducted in computing such Consolidated Net Income; plus


 


(b)        
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


 


(c)        
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, imputed interest with respect to Attributable Indebtedness, 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


 


(d)        
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 cash expenses in any future period or amortization of a prepaid cash expense that
was paid in a prior 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


 


(e)        
all unusual, non-operating, unpredictable, non-recurring or non-cash charges or all charges outside the Company’s
control (including, without limitation, restructuring, shutdown, severance and facility consolidation costs) taken by the Company;
minus


 


(f)         
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 specified Person for any period, the aggregate of the Net Income of such Person
and its Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:


 


(a)        
the Net Income or loss of any Person that is not a Subsidiary or that is accounted for by the equity method of accounting
will be included only to the extent of the amount of dividends or distributions paid in cash to the specified Person or a Restricted
Subsidiary of the Person;


 






    6


     


    

 


(b)        
the Net Income of any Restricted Subsidiary will be excluded to the extent that the declaration or payment of dividends
or similar distributions by that Restricted Subsidiary of that Net Income is not at the date of determination permitted without
any prior governmental approval (that has not been obtained) or, directly or indirectly, by operation of the terms of its charter
or other governing instrument or any judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted
Subsidiary or its stockholders;


 


(c)        
the cumulative effect of a change in accounting principles will be excluded;


 


(d)        
to the extent deducted in the calculation of Net Income, any non-recurring charges associated with any premium or penalty
paid, write-offs of deferred financing costs or other financial recapitalization charges in connection with redeeming or retiring
any indebtedness prior to its Stated Maturity will be added back to arrive at Consolidated Net Income; and


 


(e)        
the Net Income (but not loss) of any Unrestricted Subsidiary will be excluded (except to the extent distributed to the Company
or one of its Restricted Subsidiaries).


 


“Consolidated
Net Worth” means, with respect to any Person, the total of the amounts shown on such Person’s and its consolidated
Subsidiaries’ balance sheet, determined on a consolidated basis in accordance with GAAP, as of the end of the most recent
fiscal quarter for which internal financial statements are available prior to the taking of any action for purpose of which the
determination is being made, as the sum of (i) the par or stated value of all such Person’s Capital Stock, plus (ii)
paid-in-capital or capital surplus relating to such Capital Stock, plus (iii) any retained earnings or earned surplus, minus
(iv) any accumulated deficit, minus (v) any amounts attributable to Disqualified Stock.


 


“Continuing
Directors” means, as of any date of determination, any member of the Board of Directors of the Company who (i) was
a member of such Board of Directors on the date of this Supplemental Indenture or (ii) 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 at the time
of such nomination or election.


 


“Credit Agreements”
means (i) the Credit Agreement, dated as of March 18, 2011, as amended and restated as of September 18, 2019, among the Company,
the borrowing subsidiaries party thereto, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the
other financial institutions party thereto, and (ii) the Term Credit Agreement, dated as of October 31, 2018, as amended as of
September 18, 2019, among the Company, Wells Fargo Bank, National Association, as administrative agent, and certain other lenders
party thereto.


 


“Credit Facilities”
means, one or more debt facilities, commercial paper facilities, or capital markets financings, in each case with banks, investment
banks, other institutional lenders or investors or trustees 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), letters of credit, or capital markets financings, in each case, as amended, restated, modified, renewed, refunded,
replaced or refinanced in whole or in part from time to time.


 






    7


     


    

 


“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.


 


“Depositary”
means, with respect to the 2030 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 2030 Notes, and any and all successors thereto appointed as depositary hereunder and
having become such pursuant to the applicable provisions of the Base Indenture and this Supplemental Indenture.


 


“Designated
Non-Guarantors” means those certain Domestic Subsidiaries that have been designated by the Company in an Officers’
Certificate delivered to the Trustee as being Designated Non-Guarantors; provided that (i) in no event may the Designated
Non-Guarantors taken as a whole hold more than 7.5% of the consolidated assets, or account for more than 5% of the consolidated
revenues or Consolidated Cash Flow, of the Company and its Restricted Subsidiaries, calculated at the end of each fiscal quarter
in accordance with GAAP on a trailing four-quarter basis and (ii) in no event may any Restricted Subsidiary be designated
as a Designated Non-Guarantor at a time when a default has occurred and is continuing under any indenture or Credit Facility of
the Company or any of its Restricted Subsidiaries. In the event that following any fiscal quarter end, the Restricted Subsidiaries
that have been previously designated as Designated Non-Guarantors, when taken as a whole, account for more than 7.5% of such consolidated
assets of such fiscal quarter end or more than 5% of such consolidated revenues or Consolidated Cash Flow during such fiscal quarter,
calculated in accordance with GAAP on a trailing four-quarter basis, then the Company will cause any one or more of such Restricted
Subsidiaries to become Guarantors within 45 days of such fiscal quarter end so that the Designated Non-Guarantors will not,
when taken as a whole, account for more than the applicable percentage of any such measures. Notwithstanding the foregoing, Blanco
and all Receivables Subsidiaries will be permitted to be Designated Non-Guarantors, and their assets, revenues and Consolidated
Cash Flow will be disregarded for purposes of the financial tests required by this definition.


 


“Disqualified
Stock” means, on any date, 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 thereof, in whole or in part, on or prior to the date that is 91 days after the latest date on which the 2030 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 will not constitute Disqualified Stock if the terms of such repurchase rights are not more favorable to the holders of
such Capital Stock than the covenant set forth in Section 5.04 hereof.


 






    8


     


    

 


“Domestic
Subsidiary” means any Restricted Subsidiary of the Company that was formed under the laws of the United States or any
state of the United States or the District of Columbia or that guarantees or otherwise provides direct credit support for any Indebtedness
of the Company; provided that a Restricted Subsidiary with assets having an aggregate fair market value of less than $100,000
will not be deemed to be a Domestic Subsidiary unless and until it acquires assets having an aggregate fair market value in excess
of that amount.


 


“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) and beneficial interests and trusts created by a Receivables Subsidiary.


 


“Event of
Default” has the meaning specified in Section 3.01 hereof.


 


“Fitch”
means Fitch Ratings, Inc., a subsidiary of Hearst Corporation and FIMALAC SA, and its successors.


 


“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 from time to time.


 


“Global 2030
Note” means a permanent global 2030 Note substantially in the form of Exhibit A attached hereto that bears the
global note legend set forth therein and that has the “Schedule of Exchanges of Interests in the Global Note” attached
thereto, and that is deposited with or on behalf of and registered in the name of the Depositary.


 


“Guarantee”
means a guarantee other than by endorsement of negotiable instruments for collection in the ordinary course of business, direct
or indirect, in any manner including, without limitation, by way of a pledge of assets or through letters of credit or reimbursement
agreements in respect thereof, of all or any part of any Indebtedness.


 


“Guarantor”
means any Subsidiary that provides a Guarantee with respect to the 2030 Notes in accordance with Section 5.05 of this Supplemental
Indenture and its respective successors and assigns, other than such Subsidiaries that are released from such Guarantee in accordance
with its terms.


 


“Hedging Obligations”
means, with respect to any specified Person, the obligations of such Person under


 


(a)        
interest rate swap agreements, interest rate cap agreements and interest rate collar agreements; and


 






    9


     


    

 


(b)        
other agreements or arrangements designed to protect such Person against fluctuations in interest rates, foreign currency
translation and commodity prices.


 


“Indebtedness”
means, with respect to any specified Person, any indebtedness of such Person, whether or not contingent:


 


(a)        
in respect of borrowed money;


 


(b)        
evidenced by bonds, notes, debentures or similar instruments or letters of credit (or reimbursement agreements in respect
thereof);


 


(c)        
in respect of banker’s acceptances;


 


(d)        
representing Capital Lease Obligations;


 


(e)        
representing the balance deferred and unpaid of the purchase price of any property, except any such balance that constitutes
an accrued expense or trade payable; or


 


(f)         
representing any Hedging Obligations;


 


if and to the extent any of the preceding
items (other than letters of credit) 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 Guarantee by the specified Person of any Indebtedness of any other Person.


 


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.


 


Indebtedness shall not include the obligations
of any Person resulting from post-closing payment adjustments to which the seller may become entitled in connection with the purchase
by the Company or any of its Restricted Subsidiaries of any business, to the extent such payment is determined by a final closing
financial statement or such payment depends on the performance of such business after the closing; provided that at the
time of closing, the amount of any such payment is not determinable and, to the extent such payment thereafter becomes fixed and
determined, the amount is paid within 60 days thereafter.


 


“Independent
Investment Banker” means the Reference Treasury Dealer appointed by the Trustee after consultation with the Company.


 


“Initial 2030
Notes” means the first $500,000,000 aggregate principal amount of the 2030 Notes issued under this Supplemental Indenture
on the date hereof.


 






    10


     


    

 



 


“Investment”
means, with respect to any Person, all direct or indirect investment by such Person in other Persons (including Affiliates) in
the form of loans (including Guarantees or other obligations), advances or capital contributions (excluding commissions, travel,
moving and similar advances to officers and employees and loans and advances to customers and suppliers 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.


 


“Investment
Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any successor rating category
of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating category of S&P); and
a rating of BBB- or better by Fitch (or its equivalent under any successor rating category of Fitch).


 


“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 agreement to 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; in each case, except
in connection with any Qualified Receivables Transaction.


 


“Moody’s”
means Moody’s Investors Service, Inc., a subsidiary of Moody’s Corporation, and its successors.


 


“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, (i) 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 (ii) any extraordinary gain (but not loss), together with any related provision for taxes on such extraordinary
gain (but not loss).


 


“Non-Recourse
Debt” means Indebtedness:


 


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


 


(b)        
no default with respect to which (including any rights that the holders of the Indebtedness 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
of the Company or any of its Restricted Subsidiaries to declare a default on such other Indebtedness or cause the payment of the
Indebtedness to be accelerated or payable prior to its Stated Maturity; and


 






    11


     


    

 


(c)        
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.


 


“Notice of
Default” has the meaning specified in Section 3.01(c) hereof.


 


“Obligations”
means any principal, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under the
documentation governing any Indebtedness.


 


“Officer”
means, with respect to any Person, such Person’s Chairman, Chief Executive Officer, President, Chief Operating Officer, Chief
Financial Officer, Treasurer, any Assistant Treasurer, Controller, Secretary or any Vice President of such Person.


 


“Officers’
Certificate” means a certificate signed by any two of any Person’s Chairman, Chief Executive Officer, Chief Financial
Officer, President, Executive Vice President, Senior Vice President, Treasurer, and any Assistant Treasurer, or by any other officer
or officers of such Person pursuant to an applicable Board Resolution, and delivered to the Trustee.


 


“Par Call
Date” means February 15, 2030.


 


“Payment Default”
has the meaning specified in Section 3.01(g) hereof.


 


“Permitted
Liens” means any of the following:


 


(a)        
Liens securing Indebtedness under Credit Facilities or any Hedging Obligations related thereto; provided that the
foregoing Liens shall constitute Permitted Liens only to the extent that such Liens secure Indebtedness in an aggregate principal
amount outstanding not to exceed, at the time of determination, the greater of (i) $1.0 billion and (ii) 15% of the Company’s
Consolidated Net Worth;


 


(b)        
Liens on property of a Person existing at the time such Person is merged with or into or consolidated with or acquired by
the Company or any Restricted Subsidiary of the Company; provided that such Liens were in existence prior to the contemplation
of such merger or consolidation or acquisition and do not extend to any assets other than those of the Person merged into or consolidated
with the Company or the Restricted Subsidiary;


 


(c)        
Liens on property existing at the time of acquisition of the property by the Company or any Restricted Subsidiary of the
Company; provided that such Liens were in existence prior to the contemplation of such acquisition;


 


(d)        
Liens on fixed or capital assets acquired, constructed or improved by the Company or any Restricted Subsidiary of the Company;
provided that (i) such Liens secure only Indebtedness incurred to finance the acquisition, construction or improvement of
such fixed or capital assets, including any Capital Lease Obligations or other Indebtedness assumed in connection with the acquisition
of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and extensions, renewals and replacements
of any such Indebtedness that do not increase the outstanding principal amount thereof or result in an earlier maturity date or
decreased weighted average life thereof, (ii) such security interests and the Indebtedness secured thereby are incurred prior to
or within 90 days after such acquisition or the completion of such construction or improvement, (iii) the Indebtedness secured
thereby does not exceed 100% of the cost of acquiring, constructing or improving such fixed or capital assets and (iv) such security
interests shall not apply to any other assets of the Company or any Restricted Subsidiary;


 


(e)        
Liens incurred or pledges and deposits made (i) to secure the performance of statutory obligations, surety or appeal bonds,
bid bonds, payment bonds, performance bonds, trade contracts, leases (other than Capital Lease Obligations), or other obligations
of a like nature incurred in the ordinary course of business and (ii) in respect of letters of credit, bank guarantees or similar
instruments issued for the account of the Company or its Restricted Subsidiaries in the ordinary course of business supporting
obligations of the type set forth in clause (i) above;


 






    12


     


    

 


(f)         
Liens existing on the issue date of the 2030 Notes;


 


(g)        
Liens in favor of the Company or the Restricted Subsidiaries;


 


(h)        
Liens for taxes, levies, imposts, duties, deductions, withholdings, assessments, fees or governmental charges or claims,
including interest, additions to tax or penalties applicable thereto, that are not yet delinquent or that are being contested in
good faith by appropriate proceedings; provided that any reserve or other appropriate provision as is required in conformity
with GAAP has been made therefor;


 


(i)         
Liens on assets of the Company or any of its Subsidiaries (including Receivables Subsidiaries) incurred in connection with
a Qualified Receivables Transaction;


 


(j)         
Liens on assets of Unrestricted Subsidiaries that secure Non-Recourse Debt of Unrestricted Subsidiaries;


 


(k)        
Liens to secure Indebtedness of a Restricted Subsidiary to the Company or another of its Restricted Subsidiaries;


 


(l)         
Liens on any property or asset acquired by the Company or any of its Restricted Subsidiaries in favor of the seller of such
property or asset and construction mortgages on real property, in each case, created within twelve months after the date of acquisition,
construction or improvement of such property or asset by the Company or such Restricted Subsidiary to secure the purchase price
or other obligation of the Company or such Restricted Subsidiary to the seller of such property or asset or the construction or
improvement cost of such property in an amount up to the total cost of the acquisition, construction or improvement of such property
or asset; provided that in each case, such Lien does not extend to any other property or asset of the Company and its Restricted
Subsidiaries;






    13


     


    

 


(m)      
Liens incurred or pledges and deposits made (i) in connection with workers’ compensation, unemployment insurance and
other social security benefits and (ii) in respect of letters of credit, bank guarantees or similar instruments issued for the
account of the Company or its Restricted Subsidiaries in the ordinary course of business supporting obligations of the type set
forth in clause (i) above;


 


(n)       
Liens imposed by law, such as mechanics’, carriers’, warehousemen’s, materialmen’s, repairmen’s
and vendors’ Liens, incurred in the ordinary course of business with respect to amounts not overdue by more than 60 days
or being contested in good faith by appropriate proceedings if a reserve or other appropriate provisions, if any, as shall be required
by GAAP shall have been made therefor;


 


(o)       
financing statements granted with respect to personal property leased by the Company and its Restricted Subsidiaries pursuant
to leases considered operating leases in accordance with GAAP; provided that such financing statements are granted solely
in connection with such leases; and Liens to secure Capital Lease Obligations in an amount not to exceed the greater of (x) $125.0
million and (y) 3.0% of the Company’s Consolidated Net Worth covering only the assets acquired with such Indebtedness;


 


(p)        
judgment Liens to the extent that such judgments do not constitute a Default or an Event of Default;


 


(q)        
Liens consisting of easements, rights-of-way, zoning restrictions, restrictions on the use of real property, and defects
and irregularities in the title thereto, landlords’ Liens and other similar Liens and encumbrances none of which interfere
materially with the use of the property covered thereby in the ordinary course of the business of the Company or such Restricted
Subsidiary and which do not, in the opinion of the Company, materially detract from the value of such properties;


 


(r)         
Liens in favor of the United States of America or any state thereof, or any department or agency or instrumentality or political
subdivision of the United States of America or any state thereof or political entity affiliated therewith, or in favor of any other
country, or any political subdivision thereof, to secure, progress or advance payments or other obligations pursuant to any contract
or statute, or to secure any Indebtedness incurred for the purpose of financing all or any part of the cost of acquiring, constructing
or improving the property subject to such Liens (including Liens incurred in connection with pollution control, industrial revenue
or similar financings);


 


(s)        
Liens securing Permitted Refinancing Indebtedness incurred to refinance Indebtedness that was secured by a Lien permitted
under this Supplemental Indenture; provided that any such Lien shall not extend to or cover any assets or property not securing
the Indebtedness so refinanced and that such refinancing does not, directly or indirectly, result in an increase in the aggregate
amount of secured Indebtedness of the Company and its Restricted Subsidiaries (except to the extent as a result of the financing
of accrued interest on the Indebtedness refinanced and the amount of all expenses and premiums incurred in connection with such
refinancing);


 


(t)         
banker’s liens, rights of setoff or similar rights and remedies as to deposit accounts or other funds maintained with
depository institutions; provided that such deposit accounts or funds are not established or deposited for the purpose of
providing collateral for any Indebtedness and are not subject to restrictions on access by the Company or any of its Subsidiaries
in excess of those required by applicable banking regulations;


 






    14


     


    

 


(u)        
Liens that are contractual rights of set-off;


 


(v)        
Liens representing any interest or title of a licensor, lessor or sublicensor or sublessor, or a licensee, lessee or sublicensee
or subleessee, in any property subject to any lease, license or sublicense or concession agreement;


 


(w)       
any extension or renewal, or successive extensions or renewals, in whole or in part, of Liens permitted pursuant to the
foregoing clauses (a) through (v); provided that no such extension or renewal Lien shall (A) secure more than
the amount of Indebtedness or other obligations secured by the Lien being so extended or renewed or (B) extend to any property
or assets not subject to the Lien being so extended or renewed; and


 


(x)        
Liens incurred with respect to obligations of the Company and its Restricted Subsidiaries outstanding at any one time that
do not exceed the greater of (i) $100.0 million and (ii) 1.0% of the Company’s Consolidated Net Worth.


 


“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).


 


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


 


“Qualified
Receivables Transaction” means any transaction or series of transactions entered into by the Company or any of its Subsidiaries
pursuant to which the Company or any of its Subsidiaries sells, conveys or otherwise transfers to (i) a Receivables Subsidiary
(in the case of a transfer by the Company or any of its Subsidiaries) and (ii) any other Person (in the case of a transfer
by a Receivables Subsidiary), or grants a security interest in, any accounts receivable (whether now existing or arising in the
future) or inventory of the Company or any of its Subsidiaries, and any assets related thereto including, without limitation, all
collateral securing such accounts receivable, all contracts and all guarantees or other obligations in respect of such accounts
receivable or inventory, proceeds of such accounts receivable and other assets which are customarily transferred or in respect
of which security interests are customarily granted in connection with asset securitization transactions involving accounts receivable
or inventory.


 


“Rating Agency”
means each of Moody’s, S&P and Fitch; provided, that if any of Moody’s, S&P and Fitch ceases to provide
rating services to issuers or investors, the Company may appoint a replacement for such Rating Agency that is reasonably acceptable
to the Trustee.


 






    15


     


    

 


“Receivables
Subsidiary” means a Subsidiary of the Company which engages in no activities other than in connection with the financing
of accounts receivable or inventory and which is designated by the Board of Directors of the Company (as provided below) as a Receivables
Subsidiary (a) no portion of the Indebtedness or any other Obligations (contingent or otherwise) of which (i) is guaranteed
by the Company or any Subsidiary of the Company (excluding guarantees of Obligations (other than the principal of, and interest
on, Indebtedness) pursuant to representations, warranties, covenants and indemnities entered into in the ordinary course of business
in connection with a Qualified Receivables Transaction), (ii) is recourse to or obligates the Company or any Subsidiary of
the Company in any way other than pursuant to representations, warranties, covenants and indemnities entered into in the ordinary
course of business in connection with a Qualified Receivables Transaction or (iii) subjects any property or asset of the Company
or any Subsidiary of the Company (other than accounts receivable or inventory and related assets as provided in the definition
of “Qualified Receivables Transaction”), directly or indirectly, contingently or otherwise, to the satisfaction thereof,
other than pursuant to representations, warranties, covenants and indemnities entered into in the ordinary course of business in
connection with a Qualified Receivables Transaction, (b) with which neither the Company nor any Subsidiary of the Company
has any material contract, agreement, arrangement or understanding other than on terms customary for securitization of receivables
or inventory and (c) with which neither the Company nor any Subsidiary of the Company has any obligation to maintain or preserve
such Subsidiary’s financial condition or cause such Subsidiary to achieve certain levels of operating results. Any such designation
by the Board of Directors of the Company will 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 such designation and an Officers’ Certificate certifying that such
designation complied with the foregoing conditions.


 


“Reference
Treasury Dealer” means each of BofA Securities, Inc. and two other primary U.S. Government Securities dealers in New
York City (each, a ‘‘Primary Treasury Dealer’’) appointed by the Trustee after consultation with
the Company and its successors; provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer,
the Company shall substitute therefor another Primary Treasury Dealer.


 


“Reference
Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average
as determined by the Trustee, of the bid and asked prices of the Comparable Treasury Issue (expressed in each case as a percentage
of its principal amount) quoted in writing to the Trustee by such Reference Treasury Dealer at 5:00 p.m. on the third Business
Day preceding such Redemption Date (or, in the case of either legal defeasance or covenant defeasance prior to a Redemption Date,
for the applicable date of deposit with the Trustee of funds to pay the Redemption Price).


 


“Remaining
Scheduled Payments” means, with respect to any of the 2030 Notes to be redeemed, the remaining scheduled payments of
the principal thereof and interest thereon that would be due after the related Redemption Date but for such redemption and as if
redeemed on the Par Call Date; provided, however, that, if such Redemption Date is not an Interest Payment Date with
respect to such 2030 Notes, the amount of the next succeeding scheduled interest payment thereon will be reduced by the amount
of interest accrued thereon to such Redemption Date.


 






    16


     


    

 


“Restricted
Subsidiary” of a Person means any Subsidiary of the referent Person that is not an Unrestricted Subsidiary.


 


“S&P”
means S&P Global Ratings, a division of S&P Global Inc., and its successors.


 


“Securities
Act” means the Securities Act of 1933, as amended from time to time, and any statute successor thereto.


 


“Significant
Subsidiary” means any Restricted 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 date of the
Supplemental Indenture.


 


“Specified
Indebtedness” means (i) any Indebtedness under the Credit Agreements and any Indebtedness incurred under Credit Facilities
that refinances such Indebtedness or (ii) any Trigger Indebtedness.


 


“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 original documentation governing such Indebtedness, 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.


 


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


 


(a)       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) 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


 


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


 


“Supplemental
Indenture” means this Ninth Supplemental Indenture, dated as of the date hereof, by and among the Company and the Trustee,
governing the 2030 Notes, as amended, supplemented or otherwise modified from time to time in accordance with the Base Indenture
and the terms hereof.


 






    17


     


    

 


“Trigger Indebtedness”
means any Indebtedness other than (i) Capital Lease Obligations and (ii) Indebtedness (other than Capital Lease Obligations)
in an aggregate principal amount for all Domestic Subsidiaries of the Company (other than Blanco and any Receivables Subsidiary)
that are not Guarantors at any time outstanding not to exceed $50 million (the “Original Definition”),
provided, however, that for so long as the Domestic Subsidiaries of the Company (other than Blanco and any Receivables
Subsidiary) that are not Guarantors have as a group in excess of $50 million in aggregate principal amount of Indebtedness
(other than Capital Lease Obligations) outstanding, the term Trigger Indebtedness shall mean any Indebtedness; provided further,
that from and after any subsequent date that the Domestic Subsidiaries of the Company (other than Blanco and any Receivables Subsidiary)
that are not Guarantors do not have as a group in excess of $50 million in aggregate principal amount of Indebtedness (other
than Capital Lease Obligations) outstanding, the term Trigger Indebtedness shall mean the Original Definition.


 


“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, but only to the extent that such Subsidiary:


 


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


 


(b)        
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 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;


 


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


 


(d)        
is not guaranteeing or otherwise providing credit support for any Indebtedness of the Company or any of its Restricted Subsidiaries;
and


 


(e)        
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.


 


Any designation of
a Subsidiary of the Company as an Unrestricted Subsidiary will be evidenced to the Trustee by filing with the Trustee a certified
copy of the Board Resolution giving effect to such designation and an Officers’ Certificate certifying that such designation
complied with the preceding conditions. 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 Supplemental Indenture
and any Indebtedness of such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Company as of such date.
The Board of Directors of the Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided
that such designation will be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Company of any outstanding
Indebtedness of such Unrestricted Subsidiary and such designation will only be permitted if (i) such Indebtedness is permitted
under this Supplemental Indenture and (ii) no Event of Default would be in existence following such designation. Notwithstanding
the foregoing, Blanco and all Receivables Subsidiaries will be permitted to be Unrestricted Subsidiaries.


 






    18


     


    

 


“Voting Stock”
of any Person as of any date means the Capital Stock of such Person that is at the time entitled to vote or readily convertible
into Capital Stock of such Person that is entitled to vote in the election of the Board of Directors of such Person.


 


Section
1.02. Notices, etc., to Trustee and Company. Any request, order, authorization, direction, consent,
waiver, or other action to be taken by the Trustee, the Company or the Holders hereunder (including any Authentication Order),
and any notice to be given to the Trustee or the Company with respect to any action taken or to be taken by the Trustee, the Company
or the Holders hereunder, shall be sufficient if made in writing and delivered electronically or mailed by registered first-class
mail postage pre-paid, return receipt requested, to the following addresses:


 


If to the Trustee:


 


U.S. Bank National Association


Global Corporate Trust Services


Two Liberty Place

50 South 16th Street, Suite 2000

Mail Station EX-PA-WBSP

Philadelphia, PA 19102

Attention: George J. Rayzis

Telephone No: (215) 761-9317

Facsimile No: (215) 761-9412


 


If to the Company:


 


AmerisourceBergen Corporation

1300 Morris Drive

Chesterbrook, PA 19087

Attention: Senior Vice President and Corporate Treasurer

Telephone No: (610) 727-7000

Facsimile No: (610) 727-3600


 






    19


     


    

 


With a copy to:


 


Morgan, Lewis & Bockius LLP

1701 Market Street

Philadelphia, PA 19103

Attention: James W. McKenzie, Jr., Esq.


Andrew T. Budreika, Esq.

Telephone No: (215) 963-5000

Facsimile No: (215) 963-5001


 


All notices, approvals,
consents, requests and any communications hereunder must be in writing, provided that any communication sent to Trustee hereunder
must be in the form of a document that is signed manually or by way of a digital signature provided by a digital signature provider
(as specified in writing to Trustee by the authorized representative), in English. The Company agrees to assume all risks arising
out of the use of using digital signatures and electronic methods to submit communications to Trustee, including without limitation
the risk of Trustee acting on unauthorized instructions, and the risk of interception and misuse by third parties.


 


Section
1.03. Conflict with Trust Indenture Act. If any provision hereof limits, qualifies or conflicts
with another provision hereof which is required to be included in this Supplemental Indenture by any of the provisions of the TIA,
such required provision shall control.


 


Section
1.04. Effect of Headings and Table of Contents. The Article and Section headings herein and the
table of contents hereof are for convenience only and shall not affect the construction of any provision of this Supplemental Indenture.


 


Section
1.05. Successors and Assigns. All covenants and agreements in this Supplemental Indenture by the
Company shall bind its successors and assigns, whether so expressed or not.


 


Section
1.06. Severability Clause. In case any provision in this Supplemental Indenture or the 2030 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
1.07. Benefits of Indenture. Nothing in this Supplemental Indenture or the 2030 Notes, express
or implied, shall give to any Person, other than the parties hereto, their successors hereunder, the Authenticating Agent, the
Security Registrar, any Paying Agent, and the Holders (or such of them as may be affected thereby), any benefit or any legal or
equitable right, remedy or claim under this Supplemental Indenture.


 


Section
1.08. Governing Law. This Supplemental Indenture and the 2030 Notes shall be governed by and construed
in accordance with the laws of the State of New York.


 






    20


     


    

 


Section
1.09. Counterparts. This Supplemental Indenture may be executed in any number of counterparts,
each of which when so executed shall be deemed to be an original, but all of which shall together constitute but one and the same
instrument.


 


Section
1.10. Immunity of Incorporators, Stockholders, Directors and Officers. No recourse shall be had for the
payment of the principal of, premium, if any, or the interest, if any, on the 2030 Notes, or for any claim based thereon, or upon
any obligation, covenant or agreement of this Supplemental Indenture, the 2030 Notes against any incorporator, stockholder, member,
partner, director, manager, officer or employee, as such, past, present or future, of the Company or of any successor corporation
to the Company, either directly or indirectly through the Company or any successor corporation to the Company, whether by virtue
of any constitution, statute or rule of law or by the enforcement of any assessment of penalty or otherwise; it being expressly
agreed and understood that this Supplemental Indenture and all of the 2030 Notes are solely corporate obligations, and that no
personal liability whatever shall attach to, or is incurred by, any incorporator, stockholder, member, partner, director, manager,
officer or employee, past, present or future, of the Company or of any successor corporation to the Company, either directly or
indirectly through the Company or any successor corporation to the Company, because of the incurring of any Indebtedness hereby
authorized or under or by reason of any of the obligations, covenants or agreements contained in this Supplemental Indenture or
in any of the 2030 Notes, or to be implied herefrom or therefrom; and that all such personal liability is hereby expressly released
and waived as a condition of, and as part of the consideration for, the execution of this Supplemental Indenture and the issuance
of the 2030 Notes.


 


Section
1.11. Qualification of Indenture. The Company shall qualify the Base Indenture, as amended and supplemented
by this Supplemental Indenture, under the Trust Indenture Act.


 


Section
1.12. Relationship with Base Indenture. The terms and provisions contained in this Supplemental Indenture
will constitute, and are hereby expressly made, a part of the Base Indenture and the Company and the Trustee, by their execution
and delivery of this Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby; provided,
however, that the provisions of this Supplemental Indenture shall apply solely with respect to the 2030 Notes only and that,
except as expressly supplemented hereby with respect to the 2030 Notes, the Base Indenture shall continue in full force and effect
and is in all respects confirmed, ratified and preserved. To the extent any provision of the Base Indenture conflicts with the
express provisions of this Supplemental Indenture, the provisions of this Supplemental Indenture will govern and be controlling
with respect to the 2030 Notes.


 


By execution of this
Supplemental Indenture, the Trustee accepts the modification of the Base Indenture effected hereby with respect to the 2030 Notes
only, and agrees to execute the trust created by the Base Indenture as supplemented hereby.


 


Notwithstanding anything
contained in this Supplemental Indenture or the Base Indenture to the contrary, this Supplemental Indenture shall not be deemed
to amend or modify the Base Indenture with respect to any series of Securities that may be issued under the Base Indenture other
than the 2030 Notes.


 






    21


     


    

 


ARTICLE
2

The 2030 Notes


 


There is hereby authorized the following
new series of Securities:


 


Section
2.01. Form of 2030 Note and Dating.


 


(a)        
The 2030 Notes and the Trustee’s certificate of authentication shall be substantially in the form of Exhibit A
hereto. The 2030 Notes may have notations, legends or endorsements required by law, stock exchange rule or usage.


 


(b)        
The 2030 Notes shall be dated the date of their authentication.


 


Section
2.02. Designation and Principal Terms.


 


(a)        
The 2030 Notes are hereby authorized and designated as the “2.800% Senior Notes due 2030.”


 


(b)        
The 2030 Notes shall be in an aggregate principal amount of $500,000,000, shall bear interest at a rate of 2.800% per annum,
shall have a Scheduled Maturity Date of May 15, 2030 and are subject to optional redemption, in whole or in part, at any time prior
to the Scheduled Maturity Date pursuant to the terms set forth in Article 7 hereof. The 2030 Notes shall be denominated in U.S.
dollars.


 


(c)        
The date from which interest shall accrue on the 2030 Notes, the Interest Payment Dates of the 2030 Notes, the Record Date
with respect to each payment of interest on the 2030 Notes and all other terms of the 2030 Notes are set forth in the form of 2030
Note attached hereto as Exhibit A.


 


(d)        
The 2030 Notes shall be redeemable at the option of the Company as set forth in Article 7 hereof. Subject to Section 5.04
hereof, the 2030 Notes shall not be redeemable at the option of the Holders.


 


(e)        
The 2030 Notes shall not be subject to, nor entitled to the benefit of, any sinking fund.


 


(f)        
The 2030 Notes shall be unsecured Senior Indebtedness of the Company and shall rank equally with all of the Company’s
other unsecured Senior Indebtedness outstanding from time to time.


 


(g)        
The terms and provisions contained in the 2030 Notes shall constitute, and are hereby expressly made, a part of this Supplemental
Indenture and the Company and the Trustee, by their execution and delivery of this Supplemental Indenture, expressly agree to such
terms and provisions and to be bound thereby. However, to the extent any provision of the 2030 Notes conflicts with the express
provisions of this Supplemental Indenture, the provisions of this Supplemental Indenture shall govern and be controlling.


 






    22


     


    

 


Section
2.03. Denominations. The 2030 Notes shall be issuable only in fully registered book-entry form, without
interest coupons, in minimum denominations of $2,000 and any integral multiples of $1,000.


 


Section
2.04. Global Form. The 2030 Notes shall be issued in global form substantially in the form of Exhibit
A attached hereto (including the legend thereon and the “Schedule of Exchanges of Interests in the Global Note”
attached thereto). Each Global 2030 Note shall represent such of the 2030 Notes then Outstanding as shall be specified therein
and each shall provide that it shall represent the aggregate principal amount of the 2030 Notes of the applicable series then Outstanding
from time to time endorsed thereon and that the aggregate principal amount of the 2030 Notes of the applicable series then Outstanding
represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement
of a Global 2030 Note to reflect the amount of any increase or decrease in the aggregate principal amount of the 2030 Notes of
the applicable series then Outstanding represented thereby shall be made by the Trustee, in accordance with instructions given
by the Holder thereof as required by Section 3.05 of the Base Indenture.


 


Section
2.05. Depositary. The Company initially appoints The Depository Trust Company (“DTC”)
to act as Depositary with respect to the Global 2030 Notes.


 


Section
2.06. Execution, Authentication and Delivery, and Dating. The 2030 Notes shall be executed on behalf
of the Company by any two of its Officers and attested by its Secretary or any one of its Assistant Secretaries. The signature
of any of these officers on the 2030 Notes may be manual or facsimile or by way of a digital signature as provided in Section 1.02
hereof. Typographical and other minor errors or defects in any signature shall not affect the validity or enforceability of the
2030 Notes that have been duly authenticated and delivered by the Trustee.


 


Unless otherwise provided
in the 2030 Notes, all of the 2030 Notes shall be dated the date of their authentication.


 


Any of the 2030 Notes
bearing the manual, facsimile or digital signatures of individuals who were at any time the proper officers of the Company shall
bind the Company, notwithstanding that such individuals or any of them have ceased to hold such offices prior to the authentication
and delivery of such 2030 Notes or did not hold such offices at the date of such 2030 Notes.


 






    23


     


    

 


At any time and from
time to time after the execution and delivery of this Supplemental Indenture, the Company may deliver the 2030 Notes to the Trustee
for authentication, together with an Authentication Order with respect to such 2030 Notes, and the Trustee shall, upon receipt
of such Authentication Order, in accordance with procedures acceptable to the Trustee set forth in the Authentication Order, and
subject to the provisions hereof and of the Base Indenture, authenticate and deliver such 2030 Notes to such recipients as may
be specified from time to time pursuant to such Authentication Order. The material terms of such 2030 Notes shall be determinable
by reference to such Authentication Order and procedures. If provided for in such procedures, such Authentication Order may authorize
authentication and delivery of such 2030 Notes pursuant to oral instructions from the Company or any duly authorized agent of the
Company, which instructions shall be promptly confirmed in writing. In authenticating such 2030 Notes and accepting the additional
responsibilities under this Supplemental Indenture in relation to such 2030 Notes, the Trustee shall be entitled to receive, and
(subject to the provisions of Section 6.05 of the Base Indenture) shall be fully protected in relying upon:


 


(1)        
an Officers’ Certificate, certifying as to the authorized forms and terms of the 2030 Notes; and


 


(2)        
an Opinion of Counsel, stating that:


 


(a)        
the forms and terms of such 2030 Notes have been established by and in conformity with the provisions of the Base Indenture
and this Supplemental Indenture; provided that if all such 2030 Notes are not to be issued at the same time, such Opinion
of Counsel may state that such terms will be established in conformity with the provisions of the Base Indenture and this Supplemental
Indenture, subject to any conditions specified in such Opinion of Counsel; and


 


(b)        
such 2030 Notes, when authenticated and delivered by the Trustee and issued by the Company in the manner and subject to
any conditions specified in such Opinion of Counsel, will constitute valid and legally binding obligations of the Company, enforceable
in accordance with their terms, subject to bankruptcy, insolvency, moratorium, reorganization, and other laws of general applicability
relating to or affecting the enforcement of creditors’ rights and to general principles of equity;


 


provided,
however, that if all of the 2030 Notes issuable by or pursuant to a Board Resolution of the Company are not to be originally
issued at one time, it shall not be necessary to deliver the Officers’ Certificate or Opinion of Counsel otherwise required
pursuant to this paragraph at or prior to the time of authentication of such 2030 Notes if such documents are delivered at or prior
to the time of authentication upon original issuance of such 2030 Notes to be issued. After the original issuance of such 2030
Notes to be issued, any separate request by the Company that the Trustee authenticate such 2030 Notes for original issuance will
be deemed to be a certification by the Company that it is in compliance with all conditions precedent provided for in the Base
Indenture and this Supplemental Indenture relating to the authentication and delivery of such 2030 Notes.


 


None of the 2030 Notes
shall be entitled to any benefit under the Base Indenture or this Supplemental Indenture or be valid or obligatory for any purpose
unless there appears on such 2030 Notes a certificate of authentication executed by the Trustee by manual signature of an authorized
signatory, and such certificate upon any of the 2030 Notes shall be conclusive evidence, and the only evidence, that such 2030
Notes have been duly authenticated and delivered hereunder.


 






    24


     


    

 


Section
2.07. CUSIP Number. The Company in issuing the 2030 Notes may use Committee on Uniform Security Identification
Procedures (“CUSIP”) numbers (if then generally in use), and, if so, the Trustee will use CUSIP numbers in notices
of redemption as a convenience to Holders; provided that any such notice may state that no representation is made as to
the correctness of such numbers either as printed on the 2030 Notes or as contained in any notice of a redemption and that reliance
may be placed only on the other identification numbers printed on the 2030 Notes, and any such redemption will not be affected
by any defect in or the omission of such numbers. The Company will promptly notify the Trustee in writing of any change in the
CUSIP numbers.


 


Section
2.08. Issuance of Additional 2030 Notes. The Company will be entitled, upon delivery of an Officer’s
Certificate and an Opinion of Counsel, to issue Additional 2030 Notes under this Supplemental Indenture which will have identical
terms as the Initial 2030 Notes issued on the date hereof, other than with respect to the date of issuance and issue price. The
Initial 2030 Notes issued on the date hereof and any Additional 2030 Notes issued will be treated as a single class for all purposes
under this Supplemental Indenture. With respect to any Additional 2030 Notes, the Company will set forth in a Board Resolution
and an Officer’s Certificate, a copy of each which will be delivered to the Trustee, the following information:


 


(a)        
the aggregate principal amount of such Additional 2030 Notes to be authenticated and delivered pursuant to this Supplemental
Indenture; and


 


(b)        
the issue price, the issue date and the CUSIP number of such Additional 2030 Notes.


 


ARTICLE
3

Remedies


 


Section
3.01. Events of Default. The definition of “Event of Default” set forth in the Base
Indenture shall be inapplicable to the 2030 Notes. For all purposes under this Supplemental Indenture and with respect to the 2030
Notes, “Event of Default” shall mean any one of the following events:


 


(a)        
default in the payment of any interest on the 2030 Notes when it becomes due and payable, and continuance of such default
for a period of 30 days;


 


(b)        
default in the payment of the principal amount of (or premium, if any, on) the 2030 Notes as and when the same shall become
due, either at Stated Maturity, upon redemption, by declaration, or otherwise;


 


(c)        
default, subject to the provisions of Section 10.06 of the Base Indenture, in the performance or breach of any covenant
or warranty of the Company in the Base Indenture or this Supplemental Indenture (other than a covenant or warranty a default in
the performance of which or the breach of which is elsewhere in this Section 3.01 specifically dealt with), and continuance of
such default or breach for a period of 90 days after there has been given, by registered or certified mail, to the Company by the
Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the 2030 Notes, a written notice
specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default”
hereunder;


 






    25


     


    

 



 


(d)         the entry of an order for relief against the Company or any of its Significant Subsidiaries or any group of its Restricted
Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary, under Bankruptcy Law by a court having jurisdiction
in the premises or a decree or order by a court having jurisdiction in the premises adjudging the Company, the Significant Subsidiary
or such group of Restricted Subsidiaries a bankrupt or insolvent under any other applicable Federal or State law, or the entry
of a decree or order approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or
in respect of the Company, or any of its Significant Subsidiaries or any group of its Restricted Subsidiaries that, taken as a
whole, would constitute a Significant Subsidiary, under Bankruptcy Law or any other applicable federal or state law, or appointing
a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Company, or any of its Significant Subsidiaries
or any group of its Restricted Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary, or of any substantial
part of their respective property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree
or order unstayed and in effect for a period of 90 consecutive days;


 


(e)         the
consent by the Company, or any of its Significant Subsidiaries or any group of its Restricted Subsidiaries that, taken as a whole,
would constitute a Significant Subsidiary, to the institution of bankruptcy or insolvency proceedings against it, or the filing
by them of a petition or answer or consent seeking reorganization or relief under Bankruptcy Law or any other applicable federal
or state law, or the consent by them to the filing of any such petition or to the appointment of a receiver, liquidator, assignee,
trustee, sequestrator (or other similar official) of the Company, the Significant Subsidiary or such group of Restricted Subsidiaries
or of any substantial part of their respective property, or the making by it of an assignment for the benefit of creditors, or
the admission by them in writing of their inability to pay their debts generally as they become due, or the taking of corporate
action by the Company, the Significant Subsidiary or such group of Restricted Subsidiaries in furtherance of any such action;


 


(f)        
failure by the Company or any of its Restricted Subsidiaries to comply with Section 5.04, and continuance of such default
for a period of 30 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company
and the Trustee by the Holders of at least 25% in principal amount of the 2030 Notes of a Notice of Default;


 


(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 Company or any of its Restricted Subsidiaries (or the payment of which is
guaranteed by the Company or any of its Subsidiaries), whether such Indebtedness or Guarantee now exists, or is created after the
date of this Supplemental Indenture, which (i) is caused by the failure to pay principal of, or interest or premium, if any, on
such Indebtedness prior to the expiration of the grace period provided in such Indebtedness on the date of such default (a “Payment
Default”), or (ii) results in the actual acceleration of such Indebtedness prior to its express maturity, and, in each
case, the principal amount of 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 $100.0 million or more;


 






    26


     


    

 


(h)        
a final judgment or final judgments for the payment of money are entered by a court or courts of competent jurisdiction
against the Company or any of its Significant Subsidiaries or any group of Subsidiaries that, taken as a whole, would constitute
a Significant Subsidiary and such judgment or judgments remain undischarged for a period (during which execution shall not be effectively
stayed pending appeal (or otherwise stayed)) of 60 days, provided that the aggregate of all such undischarged judgments
exceeds $100.0 million (net of any amount covered by insurance); or


 


(i)         
to the extent that any Guarantee with respect to the 2030 Notes is provided pursuant to Section 5.05 of this Supplemental
Indenture, except as permitted by this Supplemental Indenture, any such Guarantee is held in any judicial proceeding to be unenforceable
or invalid or shall cease for any reason to be in full force and effect or any Guarantor, or any Person acting on behalf of any
Guarantor, shall deny or disaffirm its obligations under such Guarantee.


 


Section
3.02. Action by Holders. All references to “51%” in Section 5.02 (Acceleration of Maturity;
Rescission, and Amendment) and Section 5.07 (Limitation on Suits) of the Base Indenture shall be replaced with “25%”
for purposes of the 2030 Notes.


 


ARTICLE
4


Supplemental Indentures


 


Section
4.01. Supplemental Indentures without Consent of Securityholders. Without the consent of the Holders
of the 2030 Notes, the Company and the Trustee, at any time and from time to time, may enter into one or more indentures supplemental
hereto (which shall conform to the provisions of the TIA as in force at the date of execution thereof), in form satisfactory to
the Trustee, for any of the following purposes:


 


(a)         to
evidence the succession of another corporation to the Company, or successive successions, and the assumption by any such successor
of the covenants, agreements and obligations of the Company pursuant to Article 6 hereof;


 


(b)         to
add to the covenants of the Company such further covenants, restrictions or conditions for the protection of the Holders of the
2030 Notes as the Company and the Trustee shall consider to be for the protection of the Holders of the 2030 Notes or to surrender
any right or power herein conferred upon the Company;


 


(c)         to
cure any ambiguity, to correct or supplement any provision herein which may be inconsistent with any other provision herein or
in any supplemental indenture hereto, or to make any other provisions with respect to matters or questions arising under this
Supplemental Indenture that do not adversely affect the interests of the Holders of the 2030 Notes in any material respect;


 






    27


     


    

 


(d)         to
add to this Supplemental Indenture such provisions as may be expressly permitted by the TIA, excluding, however, the provisions
referred to in Section 316(a)(2) of the TIA as in effect at the date as of which this instrument is executed or any corresponding
provision in any similar federal statute hereafter enacted;


 


(e)        
to add guarantors or co-obligors with respect to the 2030 Notes;


 


(f)          to
secure the 2030 Notes;


 


(g)         to add to the rights of the Holders of the 2030 Notes;


 


(h)         to evidence and provide for the acceptance of appointment by another corporation as a successor Trustee hereunder with respect
to the 2030 Notes and to add to or change any of the provisions of this Supplemental Indenture as shall be necessary to provide
for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to Section 6.11 of the Base Indenture;


 


(i)          to add any additional Events of Default in respect of the 2030 Notes;


 


(j)          to comply with the requirements of the Commission in connection with the qualification of this Supplemental Indenture under
the TIA;


 


(k)        
to conform the text of this Supplemental Indenture or the 2030 Notes to any provision of the “Description of Notes”
section of the Company’s Prospectus Supplement dated May 12, 2020, relating to the initial offering of the 2030 Notes, to
the extent that such provision in the “Description of Notes” was intended to be a verbatim recitation of a provision
of this Supplemental Indenture or the 2030 Notes; or


 


(l)          to
allow any Guarantor to execute a joinder to this Supplemental Indenture and a Guarantee with respect to the 2030 Notes pursuant
to such joinder.


 


Section
4.02. Supplemental Indentures with Consent of Securityholders. With the consent of the Holders
of not less than a majority in principal amount of the 2030 Notes, by Act of said Holders delivered to the Company and the Trustee,
the Company and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto for
the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Supplemental Indenture
or of any supplemental indenture hereto, of modifying in any manner the rights of the Holders of the 2030 Notes under this Supplemental
Indenture; provided, however, that no such supplemental indenture shall, without the consent of the Holder of each of the
2030 Notes then Outstanding affected thereby:


 


(a)         change
the Scheduled Maturity Date or the stated payment date of any payment of premium or interest payable on any of the 2030 Notes,
or reduce the principal amount thereof, or any amount of interest or premium payable thereon;


 


(b)         change the method of computing the amount of principal of any of the 2030 Notes or any interest payable thereon on any date,
or change any Place of Payment where, or the coin or currency in which, any of the 2030 Notes or any payment of premium or interest
thereon is payable;


 






    28


     


    

 


(c)         impair
the right to institute suit for the enforcement of any payment described in clauses (a) or (b) on or after the same shall become
due and payable, whether at Stated Maturity or, in the case of redemption or repayment, on or after the Redemption Date or the
Change of Control Repayment Date, as the case may be;


 


(d)         change
or waive the redemption or repayment provisions of the 2030 Notes;


 


(e)         reduce
the percentage in principal amount of the 2030 Notes then Outstanding, the consent of whose Holders is required for any such supplemental
indenture, or the consent of whose Holders is required for any waiver of compliance with certain provisions of this Supplemental
Indenture or certain defaults hereunder and their consequences, provided for in this Supplemental Indenture;


 


(f)         modify any of the provisions of this Section or Sections 5.13 or 10.06 of the Base Indenture, except to increase any such
percentage or to provide that certain other provisions of this Supplemental Indenture cannot be modified or waived without the
consent of the Holder of each of the 2030 Notes then Outstanding affected thereby; provided, however, that this clause shall
not be deemed to require the consent of any Holder with respect to changes in the references to “the Trustee” and concomitant
changes in this Section and Section 10.06 of the Base Indenture, or the deletion of this proviso, in accordance with the requirements
of Sections 6.11 and 9.01(h) of the Base Indenture;


 


(g)         adversely affect the ranking or priority of the 2030 Notes;


 


(h)         release
any Guarantor or co-obligor from any of its Obligations under any Guarantee with respect to the 2030 Notes or this Supplemental
Indenture, except in compliance with the terms of this Supplemental Indenture; or


 


(i)          waive any Event of Default pursuant to Section 3.01(a), Section 3.01(b) or Section 3.01(c) hereof with respect to the 2030
Notes.


 


It shall not be necessary
for any Act of Holders under this Section to approve the particular form of any proposed supplemental indenture, but it shall be
sufficient if such Act shall approve the substance thereof.


 


Section
4.03. Execution of Supplemental Indentures. Upon request of the Company and upon filing with the
Trustee of evidence of an Act of Holders as aforementioned, the Trustee shall join with the Company in the execution of such supplemental
indenture unless such supplemental indenture affects the Trustee’s own rights, powers, trusts, duties or immunities under
the Base Indenture and this Supplemental Indenture or otherwise, in which case the Trustee may in its discretion, but shall not
be obligated to, enter into such supplemental indenture. In executing, or accepting the additional trusts created by, any supplemental
indenture permitted by this Article or the modifications thereby of the trusts created by this Supplemental Indenture, the Trustee
shall be entitled to receive, and (subject to Section 6.01 of the Base Indenture) shall be fully protected in relying upon, an
Opinion of Counsel stating that the execution of such supplemental indenture is authorized or permitted by this Supplemental Indenture.


 






    29


     


    

 


Section
4.04. Effect of Supplemental Indentures. Upon the execution of any supplemental indenture under
this Article, this Supplemental Indenture shall be and be deemed to be modified and amended in accordance therewith, and such supplemental
indenture shall form a part of this Supplemental Indenture for all purposes; and the respective rights, limitation of rights, duties,
powers, trusts and immunities under this Supplemental Indenture of the Trustee, the Company and every Holder of the 2030 Notes
theretofore or thereafter authenticated and delivered hereunder shall be determined, exercised and enforced thereunder to the extent
provided therein.


 


Section
4.05. Conformity with Trust Indenture Act. Every supplemental indenture executed pursuant to this
Article shall conform to the requirements of the TIA as then in effect.


 


Section
4.06. Reference in 2030 Notes to Supplemental Indentures. The 2030 Notes authenticated and delivered
after the execution of any supplemental indenture pursuant to this Article may, and shall if required by the Trustee, bear a notation
in form approved by the Trustee as to any matter provided for in such supplemental indenture. If the Company shall so determine,
new Securities so modified as to conform, in the opinion of the Trustee and the Company, to any modification of this Supplemental
Indenture contained in any such supplemental indenture may be prepared and executed by the Company and authenticated and delivered
by the Trustee in exchange for any of the 2030 Notes then Outstanding.


 


ARTICLE
5


Covenants


 


In addition to the
covenants set forth in Article 10 of the Base Indenture, the following additional covenants shall apply with respect to the 2030
Notes.


 


Section
5.01. Payment of Principal, Premium and Interest. The Company or any Guarantor, for the benefit
of the 2030 Notes, will duly and punctually pay in U.S. Dollars the principal of, premium, if any, and interest, if any, on the
2030 Notes in accordance with the terms of the 2030 Notes and this Supplemental Indenture. An installment of principal of, premium
or interest on such 2030 Notes shall be considered paid on the date it is due if the Trustee or a Paying Agent for such 2030 Notes
(other than the Company or an Affiliate of the Company) holds on that date immediately available funds designated for and sufficient
to pay such installment.


 


Section
5.02. Liens. The Company will not, and will not permit any of its Restricted Subsidiaries to, directly
or indirectly, create, incur, assume or suffer to exist any Lien of any kind securing Indebtedness on any asset now owned or hereafter
acquired, except Permitted Liens, unless (a) in the case of the Company, the 2030 Notes are secured by such Lien equally and ratably
with, or prior to, the Indebtedness secured by such Lien or (b) in the case of any Guarantor, such Guarantor’s Guarantee
with respect to the 2030 Notes is secured by such Lien equally and ratably with, or prior to, the Indebtedness secured by such
Lien.


 






    30


     


    

 


Notwithstanding the
foregoing, any Lien securing the 2030 Notes or such Guarantee pursuant to this covenant shall be automatically and unconditionally
released and discharged upon the release by all holders of the Indebtedness secured by the Lien giving rise to the Lien securing
the 2030 Notes or such Guarantee (including any deemed release upon payment in full of all obligations under such Indebtedness).


 


Section
5.03. Limitation on Sale and Leaseback Transactions. The Company will not, and will not permit any of
its Restricted Subsidiaries to, enter into any sale and leaseback transaction; provided that the Company or any Guarantor
may enter into a sale and leaseback transaction if (i) the Company or such Guarantor, as applicable, could have incurred a Lien
to secure such Indebtedness in an amount equal to the Attributable Indebtedness relating to such sale and leaseback transaction
pursuant to the provisions of Section 5.02 hereof and (ii) the gross cash proceeds of such sale and leaseback transaction are at
least equal to the fair market value (as determined in good faith by the Board of Directors of the Company and set forth in an
Officers’ Certificate delivered to the Trustee) of the property that is the subject of such sale and leaseback transaction.


 


Section
5.04. Offer to Repurchase Upon Change of Control Triggering Event.


 


(a)         Upon
the occurrence of a Change of Control Triggering Event, unless the Company has exercised its right to redeem the 2030 Notes as
described in Section 7.01 hereof within 60 days after the Change of Control Triggering Event, each Holder shall have the right
to require the Company to purchase all or a portion (equal to $1,000 or an integral multiple thereof) of such Holder’s 2030
Notes pursuant to the offer described below (the “Change of Control Offer”), at a purchase price equal to 101%
of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase (the “Change of Control
Payment”), subject to the rights of the Holders of the 2030 Notes on the relevant Record Date to receive interest due
on the relevant Interest Payment Date. Within 30 days following the date upon which the Change of Control Triggering Event occurred,
or at the Company’s option, prior to any Change of Control but after public announcement of the pending Change of Control,
the Company shall send, by first class mail, a notice to each Holder of the 2030 Notes, with a copy to the Trustee, which notice
shall govern the terms of the Change of Control Offer, describing the transaction or transactions that constitute the Change of
Control Triggering Event and stating:


 


(i)          that
the Change of Control Offer is being made pursuant to this Section 5.04 and that all 2030 Notes tendered will be accepted for
payment;


 


(ii)         the
purchase price and the purchase date, which shall be no earlier than 30 Business Days and no later than 60 Business Days from
the date such notice is mailed, other than as may be required by law (the “Change of Control Payment Date”);


 


(iii)       
that any 2030 Note not tendered will continue to accrue interest;


 






    31


     


    

 


(iv)      
that, unless the Company defaults in the payment of the Change of Control Payment, all 2030 Notes accepted for payment pursuant
to the Change of Control Offer shall cease to accrue interest after the Change of Control Payment Date;


 


(v)       
that Holders electing to have any 2030 Notes purchased pursuant to a Change of Control Offer will be required to surrender
the 2030 Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the 2030 Notes completed,
to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day preceding the
Change of Control Payment Date;


 


(vi)        that Holders will be entitled to withdraw their election if the Paying Agent receives, not later than the close of business
on the second Business Day preceding the Change of Control Payment Date, a telegram, telex, facsimile or other electronic
transmission or letter setting forth the name of the Holder, the principal amount of 2030 Notes delivered for purchase, and a
statement that such Holder is withdrawing his election to have the 2030 Notes purchased; and


 


(vii)       that Holders whose 2030 Notes are being purchased only in part will be issued new 2030 Notes equal in principal amount to
the unpurchased portion of the 2030 Notes surrendered, which unpurchased portion must be equal to $1,000 in principal amount or
an integral multiple thereof.


 


The Company shall comply
with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder to the extent
such laws and regulations are applicable in connection with the repurchase of 2030 Notes in connection with a Change of Control
Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with this Section 5.04, the
Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations
under this Section 5.04 by virtue of such conflict.


 


(b)        On
the Change of Control Payment Date, the Company shall, to the extent lawful, (i) accept for payment all 2030 Notes or portions
thereof properly tendered pursuant to the Change of Control Offer, (ii) deposit with the Paying Agent an amount equal to the Change
of Control Payment in respect of all 2030 Notes or portions thereof properly tendered and (iii) deliver or cause to be delivered
to the Trustee (by book entry) the 2030 Notes properly accepted together with an Officers’ Certificate stating the aggregate
principal amount of 2030 Notes or portions thereof being purchased by the Company. The Paying Agent shall promptly mail to each
Holder of 2030 Notes properly tendered the Change of Control Payment for such 2030 Notes, and the Trustee shall promptly cause
to be transferred by book entry to each Holder an interest in the 2030 Notes equal in principal amount to any unpurchased portion
of the 2030 Notes surrendered by such Holder, if any; provided, that each such 2030 Note shall be in a principal amount
of $2,000 or an integral multiple of $1,000 in excess thereof. The Company shall publicly announce the results of the Change of
Control Offer on or as soon as practicable after the Change of Control Payment Date.


 






    32


     


    

 


The Company will not
be required to make a Change of Control Offer upon a Change of Control Triggering Event 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 Section 5.04 and all other
provisions of this Supplemental Indenture applicable to a Change of Control Offer made by the Company and purchases all 2030 Notes
properly tendered and not withdrawn under such Change of Control Offer.


 


Section
5.05. 2030 Note Guarantees. The Company covenants that any Domestic Subsidiary of the Company (other than
Blanco or any Receivables Subsidiary) which incurs, has outstanding or guarantees any Specified Indebtedness shall, simultaneously
with such incurrence or guarantee (or, if the Domestic Subsidiary has outstanding or guarantees Specified Indebtedness at the time
of its creation or acquisition, at the time of such creation or acquisition) shall become a Guarantor and execute and deliver to
the Trustee a joinder to this Supplemental Indenture pursuant to which such Subsidiary shall agree to guarantee the Company’s
obligations under the 2030 Notes, except for all Subsidiaries that have properly been designated as Unrestricted Subsidiaries or
Designated Non-Guarantors in accordance with this Supplemental Indenture for so long as they continue to constitute Unrestricted
Subsidiaries or Designated Non-Guarantors. The form of such joinder to this Supplemental Indenture is attached hereto as Exhibit
B.


 


Section
5.06. Designation of Restricted and Unrestricted Subsidiaries. The Board of Directors of the Company may
designate any Restricted Subsidiary to be an Unrestricted Subsidiary if that designation would not cause a Default. The Board of
Directors of the Company may redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary if the redesignation would not
cause a Default.


 


Section
5.07. Commission Reports. Whether or not required the Company is required by the rules and regulations
of the Commission, so long as any 2030 Notes are outstanding, the Company will file a copy of:


 


(i)         
all quarterly and annual financial information required to be contained in a filing with the Commission on Forms 10-Q and
10-K; and


 


(ii)        
all current reports required to be filed with the Commission on Form 8-K;


 


with the Commission for public availability
within the time periods specified in the Commission’s rules and regulations (unless the Commission will not accept such a
filing) and make such information available to securities analysts and prospective investors upon request.


 


ARTICLE
6


Successors


 


Section
6.01. Merger, Consolidation or Sale of Assets. The Company shall not, directly or indirectly, consolidate
or merge with or into (whether or not the Company is the surviving corporation), or sell, assign, transfer, convey or otherwise
dispose of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries, taken as a whole,
in one or more related transactions to, another Person, unless:


 






    33


     


    

 


(a)         either
the Company is the surviving corporation or the Person formed by or surviving any such consolidation or merger (if other than
the Company) or to which such sale, assignment, transfer, conveyance or other disposition shall have been made is a corporation,
limited liability company or limited partnership organized or existing under the laws of the United States, any state thereof
or the District of Columbia and, if such entity is not a corporation, a co-obligor of the 2030 Notes is a corporation organized
or existing under any such laws;


 


(b)        
the Person formed by or surviving any such consolidation or merger (if other than the Company) or the Person to which such
sale, assignment, transfer, conveyance or other disposition shall have been made assumes all the obligations of the Company under
the 2030 Notes and this Supplemental Indenture, and to the extent applicable to the 2030 Notes, the Base Indenture, pursuant to
agreements reasonably satisfactory to the Trustee;


 


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


 


(d)        
the Company has delivered to the Trustee an Opinion of Counsel as conclusive evidence that any such consolidation, merger,
conveyance or transfer and any assumption permitted or required by this Article complies with the provisions of this Article.


 


The provisions of this Section 6.01 shall
not apply to a sale, merger, assignment, transfer, conveyance or other disposition of assets between or among the Company and any
of its Restricted Subsidiaries.


 


ARTICLE
7


Redemption
of 2030 Notes by the Company


 


Section
7.01. Optional Redemption.


 


(a)        
Except as set forth in Section 7.01(b) hereof, the Company shall have the option to redeem the 2030 Notes, in whole or in
part, at any time and from time to time prior to the Par Call Date at a Redemption Price (expressed as percentage of principal
amount) equal to the greater of:


 


(i)        
100% of the principal amount of the 2030 Notes to be redeemed; or


 


(ii)       
as determined by an Independent Investment Banker, the sum of the present values of the Remaining Scheduled Payments discounted
to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury
Rate;


 


in each case, plus accrued and unpaid interest
thereon, if any, to the applicable Redemption Date.


 


(b)      
On and after the Par Call Date, the Company shall have the option to redeem the 2030 Notes, in whole or in part at any time
and from time to time, at a Redemption Price (expressed as percentage of principal amount) equal to 100% of the principal amount
of the 2030 Notes to be redeemed, plus accrued and unpaid interest thereon, if any, to the applicable Redemption Date.


 






    34


     


    

 


(c)      
Unless the Company defaults in payment of the Redemption Price, on and after the Redemption Date, interest will cease to
accrue on the 2030 Notes or portion thereof called for redemption.


 


(d)      
Subject to Section 7.01(e), any redemption pursuant to this Section 7.01 shall be made pursuant to the provisions of Section
11.01 through Section 11.07 of the Base Indenture.


 


(e)       
Notwithstanding Section 11.04 of the Base Indenture, notice of redemption will be mailed at least 10 days but not more than
60 days before the Redemption Date to each Holder whose 2030 Notes are to be redeemed at its registered address.


 


Section
7.02. Mandatory Redemption. Except as set forth above in Section 5.04 hereof, the Company shall not have
any mandatory redemption obligation with respect to the 2030 Notes.


 


[Signature Pages Follow]


 



    35


     


    

 


IN WITNESS WHEREOF,
the parties hereto have caused this Supplemental Indenture to be duly executed, and their respective corporate seals to be hereunto
affixed and attested; all as of the day and year first written above.


 


	 	COMPANY:
	 	 
	 	AMERISOURCEBERGEN CORPORATION,
	 	 
	 	 
	 	 	by	 
	 	 	 	 	/s/ J.F. Quinn
	 	 	 	Name:	J.F. Quinn
	 	 	 	Title:	Senior Vice President & Corporate Treasurer





 


	Attest:
	 	by
	 	 	 	/s/ John G. Chou	 
	 	 	Name:	John G. Chou
	 	 	Title:	Executive Vice President, Chief Legal Officer and Secretary
	 




 



    


    


    

 


	 	TRUSTEE:
	 	 
	 	U.S. BANK NATIONAL ASSOCIATION,
	 	 
	 	 
	 	 	by	 
	 	 	 	/s/ George J. Rayzis
	 	 	 	Name:	George J. Rayzis
	 	 	 	Title:	Vice President




 


	Attest:
	 
	 	by
	 	 	/s/ Gregory P. Guim	 
	 	Name:	Gregory P. Guim
	 	Title:	Vice President




 






    


    


    

 


Commonwealth of Pennsylvania


  ss.:


County of Montgomery


 


On the 19 day of May before me personally
came J. F. Quinn, to me known, who, being by me duly sworn, did depose and say that he resides at Chadds Ford, Pennsylvania; that
he is the Senior Vice President and Corporate Treasurer of AmerisourceBergen Corporation, one of the parties described in and which
executed the above instrument; that he knows the corporate seals of said entities, as applicable; that the seals affixed to that
instrument are such corporate seals; that each seal was affixed by authority of the board of directors or committee serving a similar
function of said entities; and that he signed his name thereto by like authority.


 





	 	Name
	 	 
	 	_/s/ Carolyn B. Traczykiewicz______
	 	Notary Public, State of Pennsylvania
	 	No.
	 	Qualified in Montgomery County
	 	My Commission Expires May 17, 2024
	 	Notarial Seal



 






    


    


    

 


Commonwealth of Pennsylvania


   ss.:


County of Montgomery


 


On the 19 day of May before me personally
came John Chou, to me known, who, being by me duly sworn, did depose and say that he resides at Bala Cynwyd, Pennsylvania; that
he is the Executive Vice President, Chief Legal Officer and Secretary of AmerisourceBergen Corporation, one of the parties described
in and which executed the above instrument; that he knows the corporate seals of said entities, as applicable; that the seals affixed
to that instrument are such corporate seals; that each seal was affixed by authority of the board of directors or committee serving
a similar function of said entities; and that he signed his name thereto by like authority.


 


 





	 	Name
	 	 
	 	_/s/ Carolyn B. Traczykiewicz______
	 	Notary Public, State of Pennsylvania
	 	No. 
	 	Qualified in Montgomery County
	 	My Commission Expires May 17, 2024
	 	Notarial Seal



 


 









    


    


    

 


Commonwealth of Pennsylvania


   ss.:


County of Philadelphia


 


On the 19th day of May before me personally
came George J. Rayzis, to me known, who, being by me duly sworn, did depose and say that he resides at 50 S. 16th St., Philadelphia,
PA 19102; that he is the Vice President of U.S. Bank National Association, one of the parties described in and which executed the
above instrument; that he knows the corporate seal of said corporation; that the seal affixed to that instrument is such corporate
seal; that it was affixed by authority of the board of directors of said corporation; and that he signed his name thereto by like
authority.


 


	 	Name
	 	_/s/ Michael Judge____________
	 	Notary Public, State of PA
	 	No. 
	 	Qualified in Philadelphia County
	 	Commission Expires June 30, 2020
	 	Notarial Seal



 






    


    


    





 


EXHIBIT A


 


FORM
OF 2030 NOTE

(Face of 2030 Note)


 


THIS GLOBAL NOTE IS HELD BY THE DEPOSITARY
(AS DEFINED IN THE INDENTURE, TOGETHER WITH ALL SUPPLEMENTAL INDENTURES THERETO, GOVERNING THIS GLOBAL NOTE) OR ITS NOMINEE IN
CUSTODY FOR THE BENEFIT OF THE BENEFICIAL OWNERS HEREOF, AND IS NOT TRANSFERABLE TO ANY PERSON UNDER ANY CIRCUMSTANCES EXCEPT THAT
(I) THE TRUSTEE MAY MAKE SUCH NOTATIONS HEREON AS MAY BE REQUIRED PURSUANT TO SECTION 3.05 OF THE INDENTURE, (II) THIS GLOBAL
NOTE MAY BE EXCHANGED IN WHOLE BUT NOT IN PART PURSUANT TO SECTION 3.05 OF THE INDENTURE, (III) THIS GLOBAL NOTE MAY BE DELIVERED
TO THE TRUSTEE FOR CANCELLATION PURSUANT TO SECTION 3.09 OF THE INDENTURE AND (IV) THIS GLOBAL NOTE MAY BE TRANSFERRED TO A SUCCESSOR
DEPOSITARY WITH THE PRIOR WRITTEN CONSENT OF THE COMPANY.


 


UNLESS AND UNTIL IT IS EXCHANGED IN
WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS GLOBAL NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE 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.  UNLESS THIS CERTIFICATE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (“DTC”) TO THE
COMPANY 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 MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR SUCH OTHER ENTITY AS MAY BE 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.


 


Registered


CUSIP No. 03073E AR6


ISIN No. US03073EAR62


No. 1$500,000,000


 


AMERISOURCEBERGEN CORPORATION


 


promises to pay to CEDE & CO., or registered
assigns,


the principal sum of five hundred million
dollars ($500,000,000) on May 15, 2030


Interest Payment Dates: May 15 and November
15


Record Dates: May 1 and November 1


Dated:
May 19, 2020


 


	AMERISOURCEBERGEN CORPORATION	 	 	[SEAL]
	 	 	 	 
	By:		 		 
	Name:	J.F. Quinn	 	 	 
	Title:	Senior Vice President and Corporate Treasurer	 	 	 
	 	 	 	Attest:	 
	By:		 	By:	
	Name:	John G. Chou	 	Name:	Kourosh Q. Pirouz
	Title:	Executive Vice President, Chief Legal Officer and Secretary	 	Title:	Assistant Secretary


 






    A-1


     


    

 


Date of Authentication:


 


This is one of the Global 2030 Notes


referred to in the within-mentioned


Supplemental Indenture:


 


Dated:
May 19, 2020


 


U.S.
BANK NATIONAL ASSOCIATION, as Trustee


 


 


	By:	 	 
	Name:	 	 
	Title:	 	 




 






    A-2


     


    

 


(Back of 2030 Note)


 


2.800%
Senior Notes due 2030


 


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


 


1.                 
Interest. AmerisourceBergen Corporation, a Delaware corporation
(the “Company”), promises to pay interest on the principal amount of this 2030 Note at 2.800% per annum from
the date hereof until maturity. The Company will pay interest semi-annually on May 15 and November 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 on
the 2030 Notes will accrue from the most recent date to which interest has been paid or, if no interest has been paid, from the
date of issuance; provided that if there is no existing Default in the payment of interest, and if this 2030 Note is authenticated
between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest will accrue from such
next succeeding Interest Payment Date; provided, further, that the first Interest Payment Date will be November 15,
2020. The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal
at the rate equal to the then applicable interest rate on the 2030 Notes to the extent lawful; it will pay interest (including
post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest at the same rate to the
extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months.


 


2.                 
Method of Payment. The Company will pay interest on the
2030 Notes (except defaulted interest) to the Persons who are registered Holders of 2030 Notes at the close of business on the
May 1 or November 1 next preceding the Interest Payment Date, even if such 2030 Notes are canceled after such record date and on
or before such Interest Payment Date, except as provided in Section 3.07 of the Base Indenture with respect to defaulted interest.
Principal, premium, if any, and interest on the 2030 Notes will be payable at the office or agency of the Paying Agent and Registrar
within the City of Philadelphia in the Commonwealth of Pennsylvania or, at the option of the Company, payment of interest may be
made by check mailed to the Holders of the 2030 Notes at their respective addresses set forth in the register of Holders of 2030
Notes; provided that all payments of principal, premium and interest with respect to 2030 Notes, the Holders of which have
given wire transfer instructions to the Trustee, will be required to be made by wire transfer of immediately available funds to
the accounts specified by the Holders thereof. Such payment will 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, U.S. Bank National
Association, the Trustee under the Indenture (as defined below), will act as Paying Agent and Registrar. The Company may change
any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such capacity.


 


4.                 
Indenture. This 2030 Note is one of a duly authenticated
series of securities of the Company issued and to be issued in one or more series under an indenture (the “Base Indenture”),
dated as of November 19, 2009, between the Company and the Trustee, as supplemented and amended by the Ninth Supplemental Indenture
(the “Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), dated
as of May 19, 2020, among the Company and the Trustee. The terms of the 2030 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 Sections 77aaa-77bbbb). The
2030 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 2030 Note conflicts with the express provisions of the Indenture, the provisions of this 2030
Note will govern and be controlling. The Company will be entitled to issue Additional 2030 Notes pursuant to Section 2.08 of the
Supplemental Indenture.


 






    A-3


     


    

 


5.                 
Optional Redemption. (a) Except as set forth in Paragraph
5(b), the Company shall have the option to redeem the 2030 Notes, in whole or in part, at any time and from time to time prior
to the Par Call Date at a Redemption Price (expressed as percentage of principal amount) equal to the greater of:


 


(i)                
100% of the principal amount of the 2030 Notes to be redeemed; or


 


(ii)               
as determined by an Independent Investment Banker, the sum of the present values of the Remaining Scheduled Payments discounted
to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury
Rate;


 


in each case plus accrued
and unpaid interest thereon, if any, to the applicable Redemption Date.


 


(b)                On
and after the Par Call Date, the Company shall have the option to redeem the 2030 Notes, in whole or in part at any time and from
time to time, at a Redemption Price (expressed as percentage of principal amount) equal to 100% of the principal amount of the
2030 Notes to be redeemed, plus accrued and unpaid interest thereon, if any, to the applicable Redemption Date.


 


(c)                Unless
the Company defaults in payment of the Redemption Price, on and after the Redemption Date, interest will cease to accrue on the
2030 Notes or portion thereof called for redemption.


 


(d)               Any
redemption pursuant to this paragraph shall be made pursuant to the provisions of Section 11.01 through Section 11.07 of the
Base Indenture.


 


6.                 
Mandatory Redemption. Except as set forth in Paragraph
7 below, the Company shall not have any mandatory redemption obligation with respect to the 2030 Notes. The 2030 Notes will not
be subject to, nor have the benefit of, a sinking fund.


 


7.                 
Repurchase at Option of Holder. Upon the occurrence of
a Change of Control Triggering Event, unless the Company has exercised its right to redeem the 2030 Notes as described in Paragraph
5 hereof within 60 days after the Change of Control Triggering Event, each Holder shall have the right to require the Company to
purchase all or a portion (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s 2030 Notes
(the “Change of Control Offer”) at a purchase price equal to 101% of the principal amount thereof plus accrued
and unpaid interest, if any, to the date of purchase (the “Change of Control Payment”), subject to the rights
of the Holders of the 2030 Notes on the relevant Record Date to receive interest due on the relevant Interest Payment Date. Within
30 days following the date upon which the Change of Control Triggering Event occurred, or at the Company’s option, prior
to any Change of Control but after public announcement of the pending Change of Control, the Company shall send, by first class
mail, a notice to each Holder of the 2030 Notes, with a copy to the Trustee, which notice shall govern the terms of the Change
of Control Offer, describing the transaction or transactions that constitute the Change of Control Triggering Event and setting
forth the procedures governing the Change of Control Offer as required by Section 5.04 of the Supplemental Indenture.


 






    A-4


     


    

 


8.                 
Notice of Redemption. Notice of redemption will be mailed
at least 10 days but not more than 60 days before the Redemption Date to each Holder whose 2030 Notes are to be redeemed at its
registered address. 2030 Notes in denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1,000,
unless all of the 2030 Notes held by a Holder are to be redeemed. Subject to any conditions precedent that may be applicable, on
and after the Redemption Date interest ceases to accrue on 2030 Notes or portions thereof called for redemption.


 


9.                 
Denominations, Transfer, Exchange. The 2030 Notes are
in registered form without coupons in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 2030 Notes may
be transferred or 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 Company may require a Holder to pay any taxes and fees required
by law or permitted by the Indenture. The Company need not exchange or transfer any 2030 Note or portion of a 2030 Note selected
for redemption, except for the unredeemed portion of any 2030 Note being redeemed in part. Also, the Company need not exchange
or register the transfer of any 2030 Notes for a period of 15 days before a selection of 2030 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 2030
Note may be treated as its owner for all purposes.


 


11.               
Amendment, Supplement and Waiver.


 


(a)               
The Base Indenture may be amended as provided therein. Subject to certain exceptions, the Supplemental Indenture or the
2030 Notes may be amended or supplemented with the consent of the Holders of not less than a majority in principal amount of the
2030 Notes (including Additional 2030 Notes under the Supplemental Indenture, if any). The Holders of not less than a majority
in principal amount of the 2030 Notes (including Additional 2030 Notes, if any) may waive any past default with respect to the
2030 Notes and its consequences, except a default not theretofore cured in the payment of principal, premium, if any, or interest,
if any, on the 2030 Notes (except a payment default resulting from an acceleration that has been rescinded), or in respect of a
covenant or provision in Article 4 of the Supplemental Indenture that cannot be modified or amended without the consent of the
Holder of each 2030 Note.


 


(b)              
Without the consent of any Holder of a 2030 Note, the Supplemental Indenture or the 2030 Notes may be amended or supplemented:


 






    A-5


     


    

 


(i)             
to evidence the succession of another corporation to the Company, or successive successions, and the assumption by any such
successor of the covenants, agreements and obligations of the Company pursuant to Article 6 of the Supplemental Indenture; or


 


(ii)            
to add to the covenants of the Company such further covenants, restrictions or conditions for the protection of the Holders
of the 2030 Notes as the Company and the Trustee shall consider to be for the protection of the Holders of the 2030 Notes or to
surrender any right or power therein conferred upon the Company; or


 


(iii)           
to cure any ambiguity, to correct or supplement any provision therein which may be inconsistent with any other provision
therein or in any supplemental indenture thereto, or to make any other provisions with respect to matters or questions arising
under the Supplemental Indenture that do not adversely affect the interests of the Holders of the 2030 Notes in any material respect;
or


 


(iv)            to
add to the Supplemental Indenture such provisions as may be expressly permitted by the TIA, excluding, however, the provisions
referred to in Section 316(a)(2) of the TIA as in effect at the date as of which this instrument is executed or any corresponding
provision in any similar federal statute hereafter enacted; or


 


(v)            
to add guarantors or co-obligors with respect to the 2030 Notes; or


 


(vi)           
to secure the 2030 Notes; or


 


(vii)          
to add to the rights of the Holders of the 2030 Notes; or


 


(viii)         
to evidence and provide for the acceptance of appointment by another corporation as a successor Trustee hereunder with respect
to the 2030 Notes and to add to or change any of the provisions of the Supplemental Indenture as shall be necessary to provide
for or facilitate the administration of the trusts hereunder by more than one Trustee, pursuant to Section 6.11 of the Base Indenture;
or


 


(ix)            
to add any additional Events of Default in respect of the 2030 Notes; or


 


(x)              to
comply with the requirements of the Commission in connection with the qualification of the Supplemental Indenture under the TIA;
or


 


(xi)            
to conform the text of the Supplemental Indenture or the 2030 Notes to any provision of the “Description of Notes”
section of the Company’s Prospectus Supplement dated May 12, 2020, relating to the initial
offering of the 2030 Notes, to the extent that such provision in the “Description of Notes” was intended to be a verbatim
recitation of a provision of the Supplemental Indenture, the 2030 Notes; or


 


(xii)           
to allow any Guarantor to execute a joinder to the Supplemental Indenture and a Guarantee with respect to the 2030 Notes
pursuant to such joinder.


 






    A-6


     


    

 


12.               
Defaults and Remedies. Events of Default include:


 


(i)             
default in the payment of any interest on the 2030 Notes when it becomes due and payable, and continuance of such default
for a period of 30 days;


 


(ii)            
default in the payment of the principal amount of (or premium, if any, on) the 2030 Notes as and when the same shall become
due, either at Stated Maturity, upon redemption, by declaration, or otherwise;


 


(iii)           
default, subject to the provisions of Section 10.06 of the Base Indenture, in the performance or breach of any covenant
or warranty of the Company in the Base Indenture or the Supplemental Indenture (other than a covenant or warranty a default in
the performance of which or the breach of which is elsewhere in this Section specifically dealt with), and continuance of such
default or breach for a period of 90 days after there has been given, by registered or certified mail, to the Company by the Trustee
or to the Company and the Trustee by the Holders of at least 25% in principal amount of the 2030 Notes, a written notice specifying
such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default”
hereunder;


 


(iv)           
the entry of an order for relief against the Company or any of its Significant Subsidiaries or any group of its Restricted
Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary, under Bankruptcy Law by a court having jurisdiction
in the premises or a decree or order by a court having jurisdiction in the premises adjudging the Company, the Significant Subsidiary
or such group of Restricted Subsidiaries a bankrupt or insolvent under any other applicable Federal or State law, or the entry
of a decree or order approving as properly filed a petition seeking reorganization, arrangement, adjustment or composition of or
in respect of the Company, or any of its Significant Subsidiaries or any group of its Restricted Subsidiaries that, taken as a
whole, would constitute a Significant Subsidiary, under Bankruptcy Law or any other applicable Federal or State law, or appointing
a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Company, or any of its Significant Subsidiaries
or any group of its Restricted Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary, or of any substantial
part of their respective property, or ordering the winding up or liquidation of its affairs, and the continuance of any such decree
or order unstayed and in effect for a period of 90 consecutive days;


 


(v)            
the consent by the Company, or any of its Significant Subsidiaries or any group of its Restricted Subsidiaries that, taken
as a whole, would constitute a Significant Subsidiary, to the institution of bankruptcy or insolvency proceedings against it, or
the filing by them of a petition or answer or consent seeking reorganization or relief under Bankruptcy Law or any other applicable
Federal or State law, or the consent by them to the filing of any such petition or to the appointment of a receiver, liquidator,
assignee, trustee, sequestrator (or other similar official) of the Company, the Significant Subsidiary or such group of Restricted
Subsidiaries or of any substantial part of their respective property, or the making by it of an assignment for the benefit of creditors,
or the admission by them in writing of their inability to pay their debts generally as they become due, or the taking of corporate
action by the Company, the Significant Subsidiary or such group of Restricted Subsidiaries in furtherance of any such action;


 


(vi)           
failure by the Company or any of its Restricted Subsidiaries to comply with Section 5.04 of the Supplemental Indenture,
and continuance of such default for a period of 30 days after there has been given, by registered or certified mail, to the Company
by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the 2030 Notes of a Notice
of Default;


 






    A-7


     


    

 


(vii)         
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 Company or any of its Restricted Subsidiaries (or the payment of which is
guaranteed by the Company or any of its Subsidiaries), whether such Indebtedness or Guarantee now exists, or is created after the
date of the Supplemental Indenture, which (i) is caused by the failure to pay principal of, or interest or premium, if any,
on such Indebtedness prior to the expiration of the grace period provided in such Indebtedness on the date of such default (a “Payment
Default”), or (ii) results in the actual acceleration of such Indebtedness prior to its express maturity, and, in
each case, the principal amount of 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 $100.0 million or more;


 


(viii)         
a final judgment or final judgments for the payment of money are entered by a court or courts of competent jurisdiction
against the Company or any of its Significant Subsidiaries or any group of Subsidiaries that, taken as a whole, would constitute
a Significant Subsidiary and such judgment or judgments remain undischarged for a period (during which execution shall not be effectively
stayed pending appeal (or otherwise stayed)) of 60 days, provided that the aggregate of all such undischarged judgments
exceeds $100.0 million (net of any amount covered by insurance); or


 


(ix)            
to the extent a Guarantee with respect to the 2030 Notes is provided pursuant to Section 5.05 of the Supplemental Indenture,
except as permitted by the Supplemental Indenture, any such Guarantee is held in any judicial proceeding to be unenforceable or
invalid or shall cease for any reason to be in full force and effect or any Guarantor, or any Person acting on behalf of any Guarantor,
shall deny or disaffirm its obligations under such Guarantee.


 


If
any Event of Default occurs and is continuing, the Trustee may declare all the 2030 Notes to be due and payable immediately, and
upon receipt of written instructions from the Holders of at least 25% in principal amount of the then outstanding 2030 Notes, the
Trustee will declare all the 2030 Notes to be due and payable. Notwithstanding the foregoing, in the case of an Event of Default
arising from certain events of bankruptcy or insolvency, with respect to the Company or any Significant Subsidiary or any group
of Restricted Subsidiaries that, taken as a whole, would constitute a Significant Subsidiary pursuant to or within the meaning
of Bankruptcy Law, all outstanding 2030 Notes will become due and payable without further action or notice. Holders may not enforce
the Supplemental Indenture or the 2030 Notes except as provided in the Indenture. Subject to certain limitations, Holders of a
majority in aggregate principal amount of the 2030 Notes may direct the Trustee in its exercise of any trust or power. The
Trustee may withhold from Holders of the 2030 Notes notice of any continuing Default or Event of Default if it determines that
withholding notice is in their interest, except a Default or Event of Default relating to the payment of principal or interest.
The Holders of a majority in aggregate principal amount of the 2030 Notes then outstanding by notice to the Trustee may on behalf
of the Holders of all of the 2030 Notes waive any existing Default or Event of Default and its consequences under the Supplemental
Indenture except a continuing Default or Event of Default in the payment of interest on, or the principal of, the 2030 Notes or
as otherwise provided under Section 11. The Company is required to deliver to the Trustee annually a statement regarding compliance
with the Indenture, and the Company is required upon becoming aware of any Default or Event of Default, to deliver to the Trustee
a statement specifying such Default or Event of Default.


 






    A-8


     


    

 


13.              
Trustees Dealings With Company. The Trustee, in its individual
or any other capacity, may make loans to, accept deposits from, and perform services for the Company or its Affiliates, and may
otherwise deal with the Company or its Affiliates, as if it were not the Trustee.


 


14.               
No Recourse Against Others. A director, officer, employee,
incorporator or stockholder, of the Company, as such, shall not have any liability for any obligations of the Company under the
2030 Notes or the Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation.
Each Holder of 2030 Notes by accepting a 2030 Note waives and releases all such liability. The waiver and release are part of the
consideration for the issuance of the 2030 Notes.


 


15.               
Authentication. This 2030 Note shall not be valid until
authenticated by the manual 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 Company has caused CUSIP numbers to be printed on the 2030
Notes and the Trustee may 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 2030 Notes or as contained in any notice of redemption and reliance may
be placed only on the other identification numbers placed thereon. The Company will furnish to any Holder upon written request
and without charge a copy of the Base Indenture or the Supplemental Indenture. Requests may be made to:


 


AmerisourceBergen Corporation


1300 Morris Drive


Chesterbrook,
Pennsylvania 19087-5594


Attention: Senior Vice President and Corporate Treasurer


 






    A-9


     


    

 


ASSIGNMENT FORM


 


To assign this 2030 Note, fill in the form
below:


 


(I) or (we) assign and transfer this 2030 Note


to:___________________________________________


(Insert assignee’s legal name)


 


 


(Insert assignee’s social security
or tax identification number)


 


 


 


 


 


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


 


 


	and irrevocably appoint	 




to transfer this 2030 Note on the books of the Company.
The agent may substitute another to act for him.


 


Date: _____________________________


 


	 	Your Signature:	 
	 	(Sign exactly as your name appears on the face of this 2030 Note)



 


	 	Tax Identification Number:	 



 


	 	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-10


     


    

 


OPTION OF HOLDER TO
ELECT PURCHASE


 


If you want to elect
to have this 2030 Note purchased by the Company pursuant to Section 5.04 of the Supplemental Indenture, check the box below:


 


 ̈
Section 5.04


 


If you want to elect
to have only part of the 2030 Note purchased by the Company pursuant to Section 5.04 of the Supplemental Indenture, state the amount
you elect to have purchased:


 


$___________


 


Date: ____________


 


Your Signature: __________________________________________


(Sign exactly as your name appears on the
face of this 2030 Note)


 


Tax Identification Number: _________________________________


 


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-11


     


    

 


SCHEDULE
OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE *


 


The following exchanges
of a part of this Global 2030 Note for an interest in another Global 2030 Note or for note in definitive form, or exchanges of
a part of another Global 2030 Note or note in definitive form for an interest in this Global 2030 Note, have been made:


 


	Date of Exchange	Amount of decrease in Principal Amount of this Global 2030 Note	Amount of Increase in Principal Amount of this Global 2030 Note	Principal Amount of this Global 2030 Note following such decrease (or increase)	Signature of authorized officer of Trustee or 2030 Note Custodian
	 	 	 	 	 


 


* This schedule should be included only
if the 2030 Note is issued in global form.


 






    A-12


     


    

 


EXHIBIT B


 


FORM OF JOINDER TO NINTH SUPPLEMENTAL
INDENTURE 


TO BE DELIVERED BY SUBSEQUENT GUARANTORS


 


This JOINDER TO NINTH
SUPPLEMENTAL INDENTURE (this “Joinder”), dated as of _____________, 20__, among ____________________ (the “Guarantor[s]”),
[each] a subsidiary of AmerisourceBergen Corporation (or [its/their] permitted successor[s]), a Delaware corporation (the “Company”),
the Company and U.S. Bank National Association, as trustee under the Ninth Supplemental Indenture referred to below (the “Trustee”).


 


Recitals


 


The
Company has heretofore executed and delivered to the Trustee an indenture (the “Base Indenture”), dated as of
November 19, 2009, between the Company and the Trustee, as amended and supplemented by a ninth supplemental indenture thereto (the
 “Ninth Supplemental Indenture” and, together with the Base Indenture, the “Indenture”), dated
as of May 19, 2020, among the Company and the Trustee, providing for the original issuance of an aggregate principal amount
of $500 million ($500,000,000) of the Company’s 2.800% Senior Notes due 2030 (the “2030 Notes”).


 


The Ninth Supplemental
Indenture provides that under certain circumstances the Guarantor[s] will execute and deliver to the Trustee a joinder to Ninth
Supplemental Indenture pursuant to which the Guarantor[s] will unconditionally guarantee all of the Company’s Obligations
under the 2030 Notes and the Indenture on the terms and conditions set forth herein (the “2030 Note Guarantee”).


 


Pursuant to Section
4.01 of the Ninth Supplemental Indenture, the Trustee is authorized to execute and deliver this Joinder.


 


NOW THEREFORE, in consideration
of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Guarantor[s] and
the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the 2030 Notes as follows:


 


1.             Capitalized
Terms. Capitalized terms used herein without definition will have the meanings assigned to them in the Ninth Supplemental
Indenture.


 


2.             Joinder.
By execution hereof, the Guarantor[s] hereby agree[s] as of the date hereof, to become and [is/are] made [a party/parties]
to the Ninth Supplemental Indenture and for all purposes under the Ninth Supplemental Indenture, each Guarantor shall be included
within the term “Guarantor” (as defined in the Ninth Supplemental Indenture). The undersigned hereby agrees
to be bound by all of the agreements, terms, conditions and restrictions of this Joinder as applicable to [it][them]; and, further,
adopt[s] and agree[s] to be bound by all of the agreements, terms, conditions and restrictions applicable to a “Guarantor”
as such term is defined in the Ninth Supplemental Indenture; and, further, authorize[s] the Trustee to attach this signature page
to the Ninth Supplemental Indenture in order to make the Guarantor a party to the Ninth Supplemental Indenture.


 






    B-1


     


    

 


3.             Guarantee.
Subject to this Joinder, the Guarantor[s] hereby, jointly and severally with all other Guarantors, if any, unconditionally
guarantee[s] to each Holder of the 2030 Notes authenticated and delivered by the Trustee and to the Trustee and its successors
and assigns, irrespective of the validity and enforceability of the Ninth Supplemental Indenture, the 2030 Notes and the obligations
of the Company thereunder, that:


 


(a)          the
principal of and interest on the 2030 Notes will be promptly paid in full when due, whether at Stated Maturity, by acceleration,
redemption, mandatory repurchase or otherwise, and interest on the overdue principal of and interest on the 2030 Notes, if any,
if lawful, and all other obligations of the Company to the Holders or the Trustee hereunder or thereunder will be promptly paid
in full or performed, all in accordance with the terms hereof and thereof; and


 


(b)          in
case of any extension of time of payment or renewal of any 2030 Notes or any of such other obligations, that 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,
redemption, mandatory repurchase or otherwise.


 


Failing payment when due of any amount
so guaranteed or any performance so guaranteed for whatever reason, the Guarantor[s] shall be jointly and severally obligated with
all other Guarantors, if any, to pay the same immediately. Each Guarantor agrees that this is a Guarantee of payment and not a
Guarantee of collection.


 


The Guarantor[s] agree[s] that [their][its]
obligations hereunder shall be unconditional, irrespective of the validity, regularity or enforceability of the 2030 Notes or the
Ninth Supplemental Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder of the 2030 Notes
with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same
or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of any Guarantor. Each Guarantor
waives diligence, presentment, demand of payment, filing of claims with a court in the event of insolvency or bankruptcy of the
Company, any right to require a proceeding first against the Company, protest, notice and all demands whatsoever and covenant that
the Guarantee in this Section 3 shall not be discharged except by complete performance of the obligations contained in the 2030
Notes, the Ninth Supplemental Indenture and this Joinder.


 


If any Holder or the Trustee is required
by any court or otherwise to return to the Company, the Guarantor[s] or any custodian, trustee, liquidator or other similar official
acting in relation to either the Company or the Guarantor[s], any amount paid by either to the Trustee or such Holder, this 2030
Note Guarantee, to the extent theretofore discharged, shall be reinstated in full force and effect.


 






    B-2


     


    

 


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, (i) the maturity of the obligations guaranteed hereby may be accelerated as
provided in Section 5.02 of the Base Indenture or Section 3.01 of the Ninth Supplemental Indenture for the purposes of this 2030
Note Guarantee, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations
guaranteed hereby, and (ii) in the event of any declaration of acceleration of such obligations as provided in Section 5.02
of the Base Indenture or Section 3.01 of the Ninth Supplemental Indenture, such obligations (whether or not due and payable) shall
forthwith become due and payable by the Guarantor for the purpose of this 2030 Note Guarantee. Each Guarantor 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 this 2030 Note Guarantee.


 


4.             Limitation
on Guarantor Liability. Each Guarantor, and by its acceptance of 2030 Notes, each Holder, hereby confirms that it is the
intention of all such parties that the 2030 Note 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 2030 Note Guarantee. To effectuate the foregoing intention, the Trustee, the Holders
and the Guarantor[s] hereby irrevocably agree that the obligations of any Guarantor will, after giving effect to such maximum amount
and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to
any collections from, rights to receive contribution from or payments made by or on behalf of any other Guarantor in respect of
the obligations of such other Guarantor under this Article 8, result in the obligations of such Guarantor under its 2030 Note Guarantee
not constituting a fraudulent transfer or conveyance.


 


5.             Execution
and Delivery of 2030 Note Guarantee. To evidence its 2030 Note Guarantee, each Guarantor hereby agrees that a notation
of such 2030 Note Guarantee substantially in the form included in Annex A to this Joinder shall be endorsed by an Officer
of such Guarantor and that this Joinder shall be executed on behalf of such Guarantor by its President or one of its Vice Presidents.


 


Each Guarantor hereby agrees that its 2030
Note Guarantee shall remain in full force and effect notwithstanding any failure to endorse a notation of such 2030 Note Guarantee.


 


6.            Guarantors
May Consolidate, etc., on Certain Terms. Except as otherwise provided in Section 7 of this Joinder, no Guarantor may
sell or otherwise dispose of all or substantially all of its assets to, or 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 7 hereof, the Person acquiring the property in any such sale or disposition or the Person formed by or surviving any
such consolidation or merger (if other than a Guarantor or the Company) unconditionally assumes all the obligations of such Guarantor,
pursuant to a supplemental indenture in form and substance reasonably satisfactory to the Trustee or by operation of law, under
the 2030 Notes, the Ninth Supplemental Indenture and this 2030 Note Guarantee on the terms set forth herein or therein; and


 


(b)          immediately
after giving effect to such transaction, no Default or Event of Default exists.


 






    B-3


     


    

 


In case of any such consolidation, merger,
sale or conveyance and upon the assumption by the successor Person, by operation of law or by supplemental indenture, executed
and delivered to the Trustee and satisfactory in form to the Trustee, of this 2030 Note Guarantee endorsed upon the 2030 Notes
and the due and punctual performance of all of the covenants and conditions of the Ninth Supplemental Indenture to be performed
by each Guarantor, such successor Person shall succeed to and be substituted for such 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 2030 Note Guarantees
to be endorsed upon all of the 2030 Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered
to the Trustee. All the 2030 Note Guarantees so issued shall in all respects have the same legal rank and benefit under the Ninth
Supplemental Indenture as the 2030 Note Guarantees theretofore and thereafter issued in accordance with the terms of the Ninth
Supplemental Indenture as though all of such 2030 Note Guarantees had been issued at the date of the execution hereof.


 


Except as set forth in Articles 8 and 10
of the Base Indenture and Articles 5 and 6 of the Ninth Supplemental Indenture, and notwithstanding clauses (a) and (b) above
in this Section 6, nothing contained in the Ninth Supplemental Indenture or in any of the 2030 Notes shall prevent any consolidation
or merger of a Guarantor with or into the Company 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 Company or another Guarantor.


 


7.             Releases.
A Guarantor will be released and relieved of its obligations under the 2030 Note Guarantee upon the occurrence of any of
the events set forth in this Section 7.


 


(i)             
In the event of a sale or other disposition of all of the assets of such Guarantor, by way of merger, consolidation or otherwise,
or a sale or other disposition of all of the Capital Stock of such Guarantor, in each case to a Person that is not (either before
or after giving effect to such transactions) a Subsidiary of the Company if, after giving effect to such transaction, neither the
Person acquiring such Capital Stock nor such Guarantor has outstanding or guarantees any Specified Indebtedness, 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) will be released and relieved of its obligations under its 2030 Note Guarantee.


 


(ii)            
In the event the Company designates such Guarantor to be an Unrestricted Subsidiary in accordance with the Ninth Supplemental
Indenture, such Guarantor shall be released and relieved of its obligations under its 2030 Note Guarantee.


 


(iii)          
In the event such Guarantor shall cease (or simultaneously with the release of its Guarantee hereunder shall cease) to have
outstanding or guarantee any Specified Indebtedness, such Guarantor shall be released and relieved of its obligations under its
2030 Note Guarantee.


 


Upon delivery by the Company 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 Company
in accordance with the provisions of the Ninth Supplemental Indenture, or upon delivery by the Company to the Trustee of an Officers’
Certificate to the effect that the applicable Guarantor has ceased (or simultaneously with the release of its 2030 Note Guarantee
hereunder shall cease) to have outstanding or guarantee any Specified Indebtedness or that the applicable Guarantor has been designated
as an Unrestricted Subsidiary in accordance with the provisions of the Ninth Supplemental Indenture, the Trustee shall execute
any documents reasonably required in order to evidence the release of any Guarantor from its obligations under its 2030 Note Guarantee.


 






    B-4


     


    

 


Any Guarantor not released from its obligations
under its 2030 Note Guarantee shall remain liable for the full amount of principal of and interest on the 2030 Notes and for the
other obligations of any Guarantor under the Ninth Supplemental Indenture as provided in this Section 7.


 


8.             Governing
Law. THIS JOINDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.


 


9.             Counterparts.
The parties may sign any number of copies of this Joinder. Each signed copy will be an original, but all of them together represent
the same agreement.


 


10.           Effect
of Headings. The Section headings herein are for convenience only and will not affect the construction hereof.


 


11.           The
Trustee. The Trustee will not be responsible in any manner whatsoever for or in respect of the validity or sufficiency
of this Joinder or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guarantor and
the Company.


 


[Signature Page Follows]


 






    B-5


     


    

 


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


 


[GUARANTOR[S]]


 


By:         ______________________________


Name:


Title:


 


[COMPANY]


 


By:         ______________________________


Name:


Title:


 


[EXISTING GUARANTORS]


 


By:         ______________________________


Name:


Title:


 


[TRUSTEE], as Trustee


 


By:         ______________________________


Name:    Authorized
Signatory


Title:


 






    B-6


     


    

 


ANNEX A


 


FORM OF NOTATION OF
GUARANTEE


 


For
value received, each of the Guarantors (which term includes any successor Person under the Supplemental Indenture (as hereinafter
defined)) has, jointly and severally, unconditionally guaranteed, to the extent set forth and subject to the provisions in the
Indenture, dated as of November 19, 2009 (the “Base Indenture”), by and among AmerisourceBergen Corporation
(the “Company”) and U.S. Bank National Association, as trustee (the “Trustee”), as amended
and supplemented by the Ninth Supplemental Indenture (the “Supplemental Indenture”),
dated as of May 19, 2020, by and among the Company and the Trustee (the Base Indenture as
amended and supplemented by the Supplemental Indenture is hereinafter referred to as the “Indenture”), (a) the
due and punctual payment of the principal of, premium, if any, and interest on the 2030 Notes (as defined in the Supplemental Indenture),
whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest on overdue principal and
premium, and, to the extent permitted by law, interest, and the due and punctual performance of all other obligations of the Company
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 2030 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 2030 Notes and to the Trustee pursuant to the 2030 Note Guarantee are expressly set forth in
the Supplemental Indenture and the form of Joinder to the Ninth Supplemental Indenture attached
as Exhibit B thereto. Reference is hereby made to the Supplemental Indenture for the precise terms of the 2030 Note Guarantee.
Each Holder of a 2030 Note, by accepting the same, agrees to and will be bound by such provisions and appoints the Trustee attorney-in-fact
of such Holder for such purpose.


 


[Name of Guarantor(s)]


 


By:         ______________________________


Name:


Title:


 






    B-7