EX-4.2



 Exhibit 4.2 

EQUINIX, INC. 
 and 

U.S. BANK NATIONAL ASSOCIATION 

Trustee 
  

 
 5.875% Senior
Notes due 2026 
  
  

Third Supplemental Indenture 

Dated as of December 4, 2015 

to 
 Indenture dated as
of November 20, 2014 







 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE 1
	   

	 DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION
	   

			
	 Section 1.01.
	 	Definitions	  	 	1	  
	 Section 1.02.
	 	Conflicts with Base Indenture	  	 	22	  
	
	 ARTICLE 2
	   

	 THE NOTES
	   

			
	 Section 2.01.
	 	Amount; Series; Terms	  	 	22	  
	 Section 2.02.
	 	Denominations	  	 	23	  
	 Section 2.03.
	 	Form of Notes	  	 	23	  
	
	 ARTICLE 3
	   

	 REDEMPTION AND PREPAYMENT
	   

			
	 Section 3.01.
	 	Redemption	  	 	23	  
	 Section 3.02.
	 	Optional Redemption of the Notes	  	 	23	  
	 Section 3.03.
	 	Special Mandatory Redemption	  	 	24	  
	 Section 3.04.
	 	Repurchase Offer	  	 	25	  
	
	 ARTICLE 4
	   

	 COVENANTS
	   

			
	 Section 4.01.
	 	Payment of Notes	  	 	27	  
	 Section 4.02.
	 	Reports to Holders	  	 	27	  
	 Section 4.03.
	 	Limitation on Restricted Payments	  	 	27	  
	 Section 4.04.
	 	Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries	  	 	30	  
	 Section 4.05.
	 	Limitation on Incurrence of Additional Indebtedness	  	 	32	  
	 Section 4.06.
	 	Limitation on Preferred Stock of Domestic Restricted Subsidiaries	  	 	35	  
	 Section 4.07.
	 	Asset Sales	  	 	35	  
	 Section 4.08.
	 	Limitations on Transactions with Affiliates	  	 	38	  
	 Section 4.09.
	 	Limitation on Liens	  	 	39	  
	 Section 4.10.
	 	Conduct of Business	  	 	40	  
	 Section 4.11.
	 	Offer to Repurchase Upon Change of Control	  	 	40	  
	 Section 4.12.
	 	Subsidiary Guarantees	  	 	41	  
	 Section 4.13.
	 	Payments for Consent	  	 	41	  
	 Section 4.14.
	 	Suspension of Covenants	  	 	41	  
	
	 ARTICLE 5
	   

	 MERGER, CONSOLIDATION, OR SALE OF ASSETS
	   

			
	 Section 5.01.
	 	Merger, Consolidation, or Sale of Assets	  	 	42	  


  
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	 ARTICLE 6
	   

	 EVENTS OF DEFAULT
	   

			
	 Section 6.01.
	 	Events of Default	  	 	44	  
	 Section 6.02.
	 	Other Amendments	  	 	46	  
	
	 ARTICLE 7
	   

	 LEGAL DEFEASANCE AND COVENANT DEFEASANCE
	   

			
	 Section 7.01.
	 	Legal Defeasance and Covenant Defeasance	  	 	46	  
	
	 ARTICLE 8
	   

	 GUARANTEES
	   

			
	 Section 8.01.
	 	Guarantees	  	 	47	  
	 Section 8.02.
	 	Execution and Delivery of Guarantee	  	 	48	  
	 Section 8.03.
	 	Severability	  	 	48	  
	 Section 8.04.
	 	Limitation on Guarantors’ Liability	  	 	48	  
	 Section 8.05.
	 	Guarantors May Consolidate, Etc., on Certain Terms	  	 	48	  
	 Section 8.06.
	 	Releases Following Sale of Assets and Other Events	  	 	49	  
	 Section 8.07.
	 	Release of a Guarantor	  	 	50	  
	 Section 8.08.
	 	Benefits Acknowledged	  	 	50	  
	
	 ARTICLE 9
	   

	 MISCELLANEOUS
	   

			
	 Section 9.01.
	 	Sinking Funds	  	 	50	  
	 Section 9.02.
	 	Supplemental Indenture	  	 	50	  
	 Section 9.03.
	 	No Guarantees	  	 	50	  
	 Section 9.04.
	 	Confirmation of Indenture	  	 	50	  
	 Section 9.05.
	 	Counterparts	  	 	50	  
	 Section 9.06.
	 	Governing Law	  	 	50	  
	 Section 9.07.
	 	Waiver of Jury Trial	  	 	51	  
	 Section 9.08.
	 	Trustee Disclaimer	  	 	51	  
	 Exhibit A
	 	Form of Note	  	 	A-1	  
	 Exhibit B
	 	Form of Notational Guarantee	  	 	B-1	  


  
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 THIRD SUPPLEMENTAL INDENTURE, dated as of December 4, 2015 (this
“Supplemental Indenture”), to the Indenture dated as of November 20, 2014 (as amended, modified or supplemented from time to time in accordance therewith, other than with respect to a particular series of debt securities, the
“Base Indenture” and, as amended, modified and supplemented by this Supplemental Indenture, the “Indenture”), by and between Equinix, Inc. (the “Company”), and U.S. Bank National Association, as
trustee (the “Trustee”). 
 Each party agrees as follows for the benefit of the other party and for the equal and
ratable benefit of the Holders of the Notes (as defined herein): 
 WHEREAS, the Company has duly authorized the execution and delivery of
the Base Indenture to provide for the issuance from time to time of senior debt securities to be issued in one or more series as provided in the Base Indenture; 

WHEREAS, the Company has duly authorized the execution and delivery, and desires and has requested the Trustee to join it in the
execution and delivery, of this Supplemental Indenture in order to establish and provide for the issuance by the Company of a series of Notes designated as its 5.875% Senior Notes due 2026 (the “Initial Notes”) in an aggregate
principal amount of $1,100,000,000, on the terms set forth herein; 
 WHEREAS, Article 9 of the Base Indenture provides that a
supplemental indenture may be entered into by the parties for such purpose provided certain conditions are met; 
 WHEREAS, the conditions
set forth in the Base Indenture for the execution and delivery of this Supplemental Indenture have been met; and 
 WHEREAS, all things
necessary to make this Supplemental Indenture a valid agreement of the parties, in accordance with its terms, and a valid amendment of, and supplement to, the Base Indenture with respect to the Notes have been done; 

NOW, THEREFORE: 
 ARTICLE 1 

DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 

Section 1.01. Definitions. Capitalized terms used herein and not otherwise defined herein have the meanings assigned to them in
the Base Indenture. The words “herein,” “hereof” and “hereby” and other words of similar import used in this Supplemental Indenture refer to this Supplemental Indenture as a whole and not to any particular section
hereof. 
 In addition to the definitions set forth in Article 1of the Base Indenture, this Supplemental Indenture shall include the
following definitions, which, in the event of a conflict with the definition of terms in the Base Indenture, shall control: 

“2016 Convertible Notes” means the $157,885,000 aggregate principal amount of the Company’s 4.75% Convertible
Subordinated Notes due June 15, 2016. 
 “Additional Notes” has the meaning set forth in
Section 2.01.  







 “Acquired Indebtedness” means Indebtedness of a Person or any of its
Subsidiaries existing at the time such Person becomes a Restricted Subsidiary of the Company or at the time it merges or consolidates with or into the Company or any of its Subsidiaries or that is assumed in connection with the acquisition of assets
from such Person, in each case whether or not incurred by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Company or such acquisition, merger or consolidation. 

“Affiliate Transaction” has the meaning set forth in Section 4.08. 

“Applicable Premium” means, with respect to the Notes on any Redemption Date, the greater of: 

(1) 1.0% of the principal amount of the Notes; and 

(2) the excess of: 
 (a) the
present value at such Redemption Date of (i) the redemption price of the Notes at January 15, 2021 (such redemption price being set forth in the table appearing under Section 3.02(c)), plus (ii) all required interest payments due
on the Notes through January 15, 2021 (excluding accrued but unpaid interest, if any, to, but not including, the Redemption Date), computed using a discount rate equal to the Treasury Rate as of such Redemption Date plus 50 basis points; over

 (b) the principal amount of the Notes, if greater. 

“ASC” means FASB Accounting Standards Codification. 

“Asset Acquisition” means (1) an Investment by the Company or any Restricted Subsidiary of the Company in any
other Person pursuant to which such Person shall become a Restricted Subsidiary of the Company or any Restricted Subsidiary of the Company, or shall be merged with or into the Company or any Restricted Subsidiary of the Company, or (2) the
acquisition by the Company or any Restricted Subsidiary of the Company of the assets of any Person (other than a Restricted Subsidiary of the Company) that constitute all or substantially all of the assets of such Person or comprises any division or
line of business of such Person or any other properties or assets of such Person other than in the ordinary course of business. 

“Asset Sale” means any direct or indirect sale, issuance, conveyance, transfer, lease (other than operating leases
entered into in the ordinary course of business), assignment or other transfer for value by the Company or any of its Restricted Subsidiaries (including any Sale and Leaseback Transaction) to any Person other than the Company or a Wholly Owned
Restricted Subsidiary of the Company of: (1) any Capital Stock of any Restricted Subsidiary of the Company; or (2) any other property or assets of the Company or any Restricted Subsidiary of the Company (other than Capital Stock or
Indebtedness of any Unrestricted Subsidiary) other than in the ordinary course of business; provided that asset sales or other dispositions shall not include: (a) a transaction or series of related transactions for which
the Company or its Restricted Subsidiaries receive aggregate consideration of less than $50.0 million; (b) the sale, lease, conveyance, disposition or other transfer of all or substantially all of the assets of the Company as permitted under
Section 5.01; (c) any Restricted Payment permitted by Section 4.03 or that constitutes a Permitted Investment; (d) the sale or discount, in each case without recourse, of accounts receivable arising in the ordinary course of
business, but only in connection with the compromise or collection thereof; (e) disposals or replacements of obsolete or worn-out equipment; (f) the grant of Liens not prohibited by the Indenture; (g) the licensing of intellectual
property; (h) dispositions of accounts receivable to local distribution companies under guaranteed receivables agreements entered into in the ordinary course of business; (i) the sale of inventory, receivables and other current assets in
the ordinary course of business; (j) Sale and Leaseback Transactions permitted under clause 15 of the definition of “Permitted Indebtedness”; (k) the disposition of cash or Cash Equivalents in the ordinary course of business;
and (l) any disposition by a Restricted Subsidiary to the Company or by the Company or its Restricted Subsidiary to a Restricted Subsidiary. 

  
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 “Attributable Debt” means, in respect of a Sale and Leaseback
Transaction, the present value, discounted at the interest rate implicit in such Sale and Leaseback Transaction, of the total obligations of the lessee for rental payments during the remaining term of the lease in such Sale and Leaseback
Transaction. 
 “Bank Facility” means any credit agreement, including the Credit Agreement dated
December 17, 2014, among Bank of America, N.A., Equinix, Inc. and the guarantors party thereto, as amended on April 30, 2015, together with the related documents thereto (including, without limitation, any guarantee agreements and security
documents), in each case as such agreements may be amended (including any amendment and restatement thereof), supplemented or otherwise modified from time to time, including one or more credit agreements, loan agreements or similar agreements or
indentures extending the maturity of, refinancing, replacing or otherwise restructuring (including increasing the amount of available borrowings thereunder or adding Restricted Subsidiaries of the Company as additional borrowers or guarantors
thereunder) all or any portion of the Indebtedness under such agreement or agreements or any successor or replacement agreement or agreements and whether by the same or any other agent, holders, lender or group of lenders. 

“Base Indenture” has the meaning specified in the recitals of this Supplemental Indenture. 

“Basket Period” has the meaning set forth in Section 4.03. 

“Capitalized Lease Obligations” means, as to any Person, the obligations of such Person under a lease that are
required to be classified and accounted for as capital lease obligations under GAAP and, for purposes of this definition, the amount of such obligations at any date shall be the capitalized amount of such obligations at such date, determined in
accordance with GAAP. 
 “Cash Equivalents” means: 

(a) debt securities denominated in euro, pounds sterling or U.S. dollars to be issued or directly and fully guaranteed or
insured by the government of a Participating Member State, the U.K. or the U.S., as applicable, where the debt securities have not more than twelve months to final maturity and are not convertible into any other form of security; 

(b) commercial paper denominated in euro, pounds sterling or U.S. dollars maturing no more than one year from the date of
creation thereof and, at the time of acquisition, having a rating of at least P1 from Moody’s and A1 from S&P; 

(c) certificates of deposit denominated in euro, pounds sterling or U.S. dollars having not more than twelve months to maturity
issued by a bank or financial institution incorporated or having a branch in a Participating Member State in the United Kingdom or the United States, provided that the bank is rated P1 by Moody’s or A1 by S&P; 

(d) any cash deposit denominated in euro, pounds sterling or U.S. dollars with any commercial bank or other financial
institution, in each case whose long term unsecured, unsubordinated debt rating is at least A3 by Moody’s or A- by S&P; 

  
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 (e) repurchase obligations with a term of not more than seven days for underlying
securities of the types described in clause (a) above entered into with any bank or financial institution meeting the qualifications specified in clause (d) above; and 

(f) investments in money market funds which invest substantially all their assets in securities of the types described in
clauses (a) through (e) above. 
 “Change of Control” means the occurrence of one or more of the following
events: 
 (1) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of
all or substantially all of the assets of the Company to any Person or group of related Persons for purposes of Section 13(d) of the Exchange Act (a “Group”), together with any Affiliates thereof (whether or not otherwise in
compliance with the provisions of the Indenture); 
 (2) the approval by the holders of Capital Stock of the Company of any
plan or proposal for the liquidation or dissolution of the Company (whether or not otherwise in compliance with the provisions of the Indenture); or 

(3) any Person or Group shall become the owner, directly or indirectly, beneficially or of record, of shares representing more
than 50% of the aggregate ordinary voting power represented by the issued and outstanding Capital Stock of the Company. 
 For the avoidance
of doubt, the consummation of the Company Conversion shall not constitute a “Change of Control.” 
 “Change of
Control Offer” has the meaning set forth in Section 4.11. 
 “Change of Control Payment Date” has
the meaning set forth in Section 4.11. 
 “Company” has the meaning specified in the recitals of this
Supplemental Indenture. 
 “Company Conversion” means the actions taken by the Company and its Subsidiaries
in connection with Company’s qualification as a REIT, including without limitation, (y) separating from time to time all or a portion of its United States and international businesses into, as defined by the Code, taxable REIT subsidiaries
(“TRS”) and/or qualified REIT subsidiaries (“QRS”) (it being understood that any such TRS and/or QRS shall remain Restricted Subsidiaries and/or Guarantors, as applicable, as prior to the Company Conversion) and
(z) amending its charter to impose ownership limitations on the Company’s Capital Stock directly or indirectly by merging into a Wholly Owned Restricted Subsidiary of the Company. 

“Consolidated Depreciation, Amortization and Accretion Expense” means with respect to any Person for any period, the
total amount of depreciation and amortization (including amortization of goodwill and other intangibles but excluding amortization of prepaid cash expenses that were paid in a prior period) and accretion expense, including the amortization of
deferred financing fees or costs of such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with GAAP. 

“Consolidated EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person for
such period: 

  
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 (a) increased (without duplication) by the following, in each case to the extent
deducted in determining Consolidated Net Income for such period: 
 (1) provision for taxes based on income or profits or
capital, including, without limitation, federal, state, franchise and similar taxes and foreign withholding taxes (including any levy, impost, deduction, charge, rate, duty, compulsory loan or withholding which is levied or imposed by a governmental
agency, and any related interest, penalty, charge, fee or other amount) of such Person paid or accrued during such period deducted (and not added back) in computing Consolidated Net Income; plus 

(2) Consolidated Interest Expense of such Person for such period to the extent the same were deducted (and not added back) in
calculating such Consolidated Net Income; plus 
 (3) Consolidated Depreciation, Amortization and Accretion Expense of such
Person for such period to the extent that the same were deducted (and not added back) in computing Consolidated Net Income; plus 

(4) any expenses or charges (other than depreciation or amortization expense) related to any Equity Offering or the incurrence
of Indebtedness permitted to be incurred in accordance with the Indenture (including a refinancing thereof) (whether or not successful), in each case, deducted (and not added back) in computing Consolidated Net Income; plus 

(5) any other Non-cash Charges, including any provisions, provision in-creases, write-offs or write-downs reducing Consolidated
Net Income for such period (provided that if any such Non-cash Charges represent an accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period shall be subtracted from Consolidated
EBITDA to such extent), and excluding amortization of a prepaid cash item that was paid in a prior period; plus 
 (6) any
costs or expenses incurred by the Company or a Restricted Subsidiary pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement or any stock subscription or stockholder agreement, to the
extent that such cost or expenses are funded with cash proceeds contributed to the capital of the Company or net cash proceeds of an issuance of Equity Interest of the Company (other than Disqualified Capital Stock); plus 

(7) cash receipts (or any netting arrangements resulting in reduced cash expenditures) not representing Consolidated EBITDA or
Consolidated Net Income in any period to the extent non-cash gains relating to such income were deducted in the calculation of Consolidated EBITDA pursuant to clause (b) below for any previous period and not added back; plus 

(8) any net loss from disposed or discontinued operations; plus 

(9) any net unrealized loss (after any offset) resulting in such period from obligations under any Currency Agreements and the
application of ASC 815; provided that to the extent any such Currency Agreement relates to items included in the preparation of the income statement (as opposed to the balance sheet, as reasonably determined by the Company), the realized loss on a
Currency Agreement shall be included to the extent the amount of such hedge gain or loss was excluded in a prior period; plus 

  
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 (10) any net unrealized loss (after any offset) resulting in such period from
(A) currency translation or exchange losses including those (x) related to currency remeasurements of Indebtedness and (y) resulting from hedge agreements for currency exchange risk and (B) changes in the fair value of
Indebtedness resulting from changes in interest rates; plus 
 (11) the amount of any minority interest expense (less the
amount of any cash dividends paid in such period to holders of such minority interests); plus 
 (12) the amount of any costs
and expenses associated with the Company Conversion, including, without limitation, planning and advisory costs related to the foregoing; and 

(b) decreased (without duplication) by the following, in each case to the extent included in determining Consolidated Net
Income for such period: 
 (1) non-cash gains increasing Consolidated Net Income of such Person for such period, excluding
any non-cash gains to the extent they represent the reversal of an accrual or reserve for a potential cash item that reduced Consolidated EBITDA in any prior period and any non-cash gains with respect to cash actually received in a prior period so
long as such cash did not increase Consolidated EBITDA in such prior period; 
 (2) any net gain from disposed or
discontinued operations; 
 (3) any net unrealized gain (after any offset) resulting in such period from obligations under
any Currency Agreements and the application of ASC 815; provided that to the extent any such Currency Agreement relates to items included in the preparation of the income statement (as opposed to the balance sheet, as reasonably determined by the
Company), the realized gain on a Currency Agreement shall be included to the extent the amount of such hedge gain or loss was excluded in a prior period; plus 

(4) any net unrealized gains (after any offset) resulting in such period from (A) currency translation or exchange gains
including those (x) related to currency remeasurements of Indebtedness and (y) resulting from hedge agreements for currency exchange risk and (B) changes in the fair value of Indebtedness resulting from changes in interest rates. 

“Consolidated Fixed Charge Coverage Ratio” means, with respect to any Person, the ratio of Consolidated EBITDA of such
Person during the four full fiscal quarters (the “Four Quarter Period”) ending prior to the date of the transaction giving rise to the need to calculate the Consolidated Fixed Charge Coverage Ratio for which financial statements are
available (the “Transaction Date”) to Consolidated Fixed Charges of such Person for the Four Quarter Period. In addition to and without limitation of the foregoing, for purposes of this definition, “Consolidated EBITDA”
and “Consolidated Fixed Charges” shall be calculated after giving effect on a pro forma basis for the period of such calculation to: 

(1) the incurrence or repayment of any Indebtedness or the designation or elimination (including by de-designation) of any
Designated Revolving Commitments of such Person or any of its Restricted Subsidiaries (and the application of the proceeds thereof) giving rise to the 

  
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need to make such calculation and any incurrence or repayment of other Indebtedness (and the application of the proceeds thereof), other than the incurrence or repayment of Indebtedness in the
ordinary course of business for working capital purposes pursuant to working capital facilities, occurring during the Four Quarter Period or at any time subsequent to the last day of the Four Quarter Period and on or prior to the Transaction Date,
as if such incurrence or repayment of Indebtedness or designation or elimination (including by de-designation) of Designated Revolving Commitments, as the case may be (and the application of the proceeds thereof), occurred on the first day of the
Four Quarter Period (and in the case of Designated Revolving Commitments, as if Indebtedness in the full amount of any undrawn Designated Revolving Commitments had been incurred throughout such period); and 

(2) any asset sales or other dispositions or Asset Acquisitions (including, without limitation, any Asset Acquisition giving
rise to the need to make such calculation as a result of such Person or one of its Restricted Subsidiaries (including any Person who becomes a Restricted Subsidiary as a result of the Asset Acquisition) incurring, assuming or otherwise being liable
for Acquired Indebtedness and also including any Consolidated EBITDA (including any pro forma expense and cost reductions calculated on a basis consistent with Regulation S-X promulgated under the Exchange Act) attributable to the assets which are
the subject of the Asset Acquisition or asset sale or other disposition during the Four Quarter Period) occurring during the Four Quarter Period or at any time subsequent to the last day of the Four Quarter Period and on or prior to the Transaction
Date, as if such asset sale or other disposition or Asset Acquisition (including the incurrence, assumption or liability for any such Acquired Indebtedness) occurred on the first day of the Four Quarter Period. If such Person or any of its
Restricted Subsidiaries directly or indirectly guarantees Indebtedness of a third Person, the preceding sentence shall give effect to the incurrence of such guaranteed Indebtedness as if such Person or any Restricted Subsidiary of such Person had
directly incurred or otherwise assumed such guaranteed Indebtedness. 
 Furthermore, in calculating “Consolidated Fixed Charges”
for purposes of determining the denominator (but not the numerator) of this “Consolidated Fixed Charge Coverage Ratio”: 

(i) interest on outstanding Indebtedness or on borrowings deemed to have been incurred under Designated Revolving Commitments
determined on a fluctuating basis as of the Transaction Date and which will continue to be so determined thereafter shall be deemed to have accrued at a fixed rate per annum equal to the rate of interest on such Indebtedness or on borrowings deemed
to have been incurred under Designated Revolving Commitments in effect on the Transaction Date; and 
 (ii) notwithstanding
clause (i) above, interest on Indebtedness determined on a fluctuating basis, to the extent such interest is covered by agreements relating to Interest Swap Obligations, shall be deemed to accrue at the rate per annum resulting after giving
effect to the operation of such agreements. 
 “Consolidated Fixed Charges” means, with respect to any Person for
any period, the sum, without duplication, of:  
 (1) Consolidated Interest Expense; plus 

(2) the product of (x) the amount of all dividend payments on any series of Preferred Stock of such Person and, to the
extent permitted under the Indenture, its Restricted Subsidiaries (other than dividends paid in Qualified Capital Stock and other than dividends paid by a Restricted Subsidiary of such Person to such Person or to a Wholly Owned Restricted Subsidiary
of such 

  
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Person) paid, accrued or scheduled to be paid or accrued during such period times (y) a fraction, the numerator of which is one and the denominator of which is one minus the then current
effective consolidated federal, state and local income tax rate of such Person, expressed as a decimal. 
 “Consolidated
Interest Expense” means, with respect to any Person for any period, the sum of, without duplication: 
 (1)
the aggregate of the interest expense of such Person and its Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP, including without limitation: (a) any amortization of debt discount and the
amortization or write-off of deferred financing costs, including commitment fees; (b) the net costs under Interest Swap Obligations; (c) all capitalized interest; (d) non-cash interest expense (other than non-cash interest on any
convertible or exchangeable debt issued by the Company that exists by virtue of the bifurcation of the debt and equity components of such convertible or exchangeable notes and the application of ASC 470-20 (or related accounting pronouncement(s)));
(e) commissions, discounts and other fees and charges owed with respect to letters of credit and banker’s acceptance financing; (f) dividends with respect to Disqualified Capital Stock; (g) dividends with respect to Preferred
Stock of Restricted Subsidiaries of such Person; (h) imputed interest with respect to Sale and Leaseback Transactions; and (i) the interest portion of any deferred payment obligation; plus 

(2) the interest component of Capitalized Lease Obligations paid, accrued and/or scheduled to be paid or accrued by such Person
and its Restricted Subsidiaries during such period as determined on a consolidated basis in accordance with GAAP; less 

(3) interest income for such period. 

“Consolidated Net Income” means, with respect to any Person, for any period, the aggregate net income (or loss) of
such Person and its Restricted Subsidiaries for such period on a consolidated basis, determined in accordance with GAAP; provided that there shall be excluded therefrom (without duplication): 

(1) any after tax effect of extraordinary, non-recurring or unusual gains or losses (including all fees and expenses relating
thereto) or expenses (including relating to the Transaction); 
 (2) any net after tax gains or losses on disposal of
disposed, abandoned or discontinued operations; 
 (3) any after tax effect of gains or losses (including all fees and
expenses relating thereto) attributable to sale, transfer, license, lease or other disposition of assets or abandonments or the sale, transfer or other disposition of any Equity Interest of any Person other than in the normal course of business;

 (4) the net income for such period of any Person that is not a Subsidiary, or is an Unrestricted Subsidiary, or that is
accounted for by the equity method of accounting, except to the extent of cash dividends or distributions paid to the Company or to a Restricted Subsidiary of the Company by such Person; 

(5) any after tax effect of income (loss) from the early extinguishment of (1) Indebtedness, (2) obligations under
any Currency Agreement or (3) other derivative instruments; 

  
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 (6) any impairment charge or asset write-off or write-down, including impairment
charges or asset write-offs or write-downs related to intangible assets, long-lived assets, investments in debt and equity securities or as a result of a change in law or regulation, in each case, pursuant to GAAP, and the amortization of
intangibles arising pursuant to GAAP; 
 (7) any non-cash compensation charge or expense including any such charge arising
from the grants of stock appreciation or similar rights, stock options, restricted stock or other rights; 
 (8) any fees and
expenses incurred during such period, or any amortization thereof for such period, in connection with any issuance or repayment of Indebtedness, issuance of Equity Interests, refinancing transaction, amendment or modification of any debt instrument;

 (9) income or loss attributable to discontinued operations (including, without limitation, operations disposed of during
such period whether or not such operations were classified as discontinued); 
 (10) in the case of a successor to the
referent Person by consolidation or merger or as a transferee of the referent Person’s assets, any earnings of the successor entity prior to such consolidation, merger or transfer of assets; 

(11) the net income (but not loss) of any Restricted Subsidiary of the referent Person to the extent that the declaration of
dividends or similar distributions by that Restricted Subsidiary of that income is restricted by contract, operation of law or otherwise; and 

(12) acquisition-related costs resulting from the application of ASC 805. 

In addition, to the extent not already included in the Consolidated Net Income of such Person and its Restricted Subsidiaries, notwithstanding
anything to the contrary in the foregoing, but without duplication, Consolidated Net Income shall include the amount of proceeds received from business interruption insurance and reimbursements of any expenses and charges that are covered by
indemnification or other reimbursement provisions in connection with any Permitted Investment or any sale, conveyance, transfer or other disposition of assets permitted under the Indenture (in each case, whether or not non-recurring). 

Notwithstanding the foregoing, for the purpose of Section 4.03 only (other than clause (iii)(z) of Section 4.03(a)), there shall be
excluded from Consolidated Net Income any income arising from any sale or other disposition of Investments (other than Permitted Investments) made by the Company and its Restricted Subsidiaries, any repurchases and redemptions of Investments (other
than Permitted Investments) from the Company and its Restricted Subsidiaries, any repayments of loans and advances which constitute Investments (other than Permitted Investments) by the Company or any of its Restricted Subsidiaries, any sale of the
stock of an Unrestricted Subsidiary or any distribution or dividend from an Unrestricted Subsidiary, in each case only to the extent such amounts increase the amount of Restricted Payments permitted under clause (iii)(z) of Section 4.03(a).

 “Covenant Suspension Event” has the meaning set forth in Section 4.14. 

“Currency Agreement” means any foreign exchange contract, currency swap agreement or other similar agreement or
arrangement designed to protect the Company or any Restricted Subsidiary of the Company against fluctuations in currency values. 

  
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 “Definitive Note” means a certificated Note registered in the name of the Holder
thereof and issued in accordance with Section 2.08 of the Base Indenture, substantially in the form of Exhibit A hereto, except that such Note shall not bear the Global Security Legend and shall not have the “Schedule of Exchanges
of Interests in the Global Note” attached thereto. 
 “Designated Non-cash Consideration” means the fair market
value of non-cash consideration received by the Company or any Restricted Subsidiary in connection with an Asset Sale that is so designated as Designated Non-cash Consideration pursuant to an Officers’ Certificate, setting forth the basis of
such valuation, executed by the principal financial officer of the Company, less the amount of cash and Cash Equivalents received in connection with a subsequent sale of or collection on such Designated Non-cash Consideration. 

“Designated Revolving Commitments” means the amount or amounts of any commitments to make loans or extend credit on a
revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate
delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer
constitute “Designated Revolving Commitments.” 
 “Disqualified Capital Stock” means that portion
of any Capital Stock which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable at the option of the holder thereof), or upon the happening of any event (other than an event which would
constitute a Change of Control or an Asset Sale), matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise, or is redeemable at the sole option of the holder thereof (except, in each case, upon the occurrence of a
Change of Control or an Asset Sale), in each case, on or prior to the final maturity date of the Notes. 
 “Domestic
Restricted Subsidiary” means a Restricted Subsidiary incorporated or otherwise organized under the laws of the United States, any State thereof or the District of Columbia. 

“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. 
 “Equity
Offering” means any public or private sale of Common Stock or Preferred Stock of the Company (excluding Disqualified Capital Stock), other than: 

(a) public offerings with respect to the Company’s or any direct or indirect parent company’s common stock registered
on Form S-4 or Form S-8 (or similar forms under non-U.S. law); 
 (b) issuances to any Subsidiary of the Company; 

(c) issuances pursuant to the exercise of options or warrants outstanding on the date hereof; 

(d) issuances upon conversion of securities convertible into Common Stock outstanding on the date hereof; 

(e) issuances in connection with an acquisition of property in a transaction entered into on an arm’s-length basis; and


  
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 (f) issuances pursuant to employee stock plans. 

“Event of Default” has the meaning set forth in Section 6.01. 

“fair market value” means, with respect to any asset or property, the price which could be negotiated in an
arm’s-length, free market transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or compulsion to complete the transaction. Fair market value shall be determined by the Board of
Directors of the Company or any duly appointed officer of the Company or a Restricted Subsidiary, as applicable, acting reasonably and in good faith and, in respect of any asset or property with a fair market value in excess of $50.0 million, shall
be determined by the Board of Directors of the Company and shall be evidenced by a Board Resolution of the Board of Directors of the Company delivered to the Trustee. 

“Fitch” means Fitch Ratings Inc. or any successor to the rating agency business thereof. 

“Foreign Restricted Subsidiary” means a Restricted Subsidiary that is not incorporated or otherwise organized under
the laws of the United States, any State thereof or the District of Columbia. 
 “GAAP” means generally
accepted accounting principles set forth in the statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as may be approved by a significant segment of the accounting profession of
the United States, which are in effect as of July 11, 2011.  
 “Global Notes” means, individually and
collectively, each of the Global Securities deposited with or on behalf of and registered in the name of the Depositary or its nominee, substantially in the form of Exhibit A hereto and that bears the Global Security Legend and that has the
“Schedule of Exchanges of Interests in the Global Note” attached thereto, issued in accordance with Section 2.03 of the Base Indenture and Section 2.03 hereof. 

“Guarantee” means a guarantee of the Notes by a Guarantor. 

“Guarantor” means each of the Company’s Domestic Restricted Subsidiaries that in the future executes a notation
of guarantee or a supplemental indenture in which such Domestic Restricted Subsidiary agrees to be bound by the terms of the Indenture as a Guarantor; provided that any Person constituting a Guarantor as described above shall
cease to constitute a Guarantor when its respective Guarantee is released in accordance with the terms of the Indenture.  

“Holder” means a Person in whose name a Note is registered. 

“incur” has the meaning set forth in Section 4.05. 

“Indebtedness” means with respect to any Person, without duplication: 

(1) all Obligations of such Person for borrowed money; 

(2) all Obligations of such Person evidenced by bonds, debentures, notes or other similar instruments; 

(3) all Capitalized Lease Obligations and all Attributable Debt of such Person; 

  
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 (4) all Obligations of such Person issued or assumed as the deferred purchase
price of property, all conditional sale obligations and all Obligations under any title retention agreement (but excluding (i) trade accounts payable and other accrued liabilities arising in the ordinary course of business that are not overdue
by 120 days or more or are being contested in good faith by appropriate proceedings promptly instituted and diligently conducted and (ii) any earn-out obligation until such obligation becomes a liability on the balance sheet of such Person in
accordance with GAAP); 
 (5) all Obligations for the reimbursement of any obligor on any letter of credit, banker’s
acceptance or similar credit transaction (other than obligations with respect to letters of credit (A) securing Obligations (other than Obligations described in (1)-(4) above) entered into the ordinary course of business of such Person to
the extent such letters of credit are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later than the fifth Business Day following receipt by such Person of a demand for reimbursement following payment on the letter
of credit) or (B) that are otherwise cash collateralized; 
 (6) guarantees and other contingent obligations in respect
of Indebtedness referred to in clauses (1) through (5) above and clause (8) below; 
 (7) all Obligations of
any other Person of the type referred to in clauses (1) through (6) that are secured by any Lien on any property or asset of such Person, the amount of such Obligation being deemed to be the lesser of the fair market value of such property
or asset or the amount of the Obligation so secured; 
 (8) all Obligations under Currency Agreements and Interest Swap
Obligations of such Person; 
 (9) all Disqualified Capital Stock issued by such Person or Preferred Stock issued by such
Person’s non-Domestic Restricted Subsidiaries which are not Guarantors with the amount of Indebtedness represented by such Disqualified Capital Stock or Preferred Stock being equal to the greater of its voluntary or involuntary liquidation
preference and its maximum fixed repurchase price, but excluding accrued dividends, if any; and 
 (10) the aggregate amount
of Designated Revolving Commitments in effect on such date. 
 For purposes hereof, the “maximum fixed repurchase price” of any
Disqualified Capital Stock which does not have a fixed repurchase price shall be calculated in accordance with the terms of such Disqualified Capital Stock as if such Disqualified Capital Stock were purchased on any date on which Indebtedness shall
be required to be determined pursuant to the Indenture, and if such price is based upon, or measured by, the fair market value of such Disqualified Capital Stock, such fair market value shall be determined reasonably and in good faith by the Board
of Directors of the issuer of such Disqualified Capital Stock. 
 “Independent Financial Advisor” means a firm:
(1) that does not, and whose directors, officers and employees or Affiliates do not, have a direct or indirect financial interest in the Company; and (2) that, in the judgment of the Board of Directors of the Company, is otherwise
independent and qualified to perform the task for which it is to be engaged. 
 “Indenture” means the Base
Indenture, as supplemented by this Supplemental Indenture, as amended or supplemented from time to time.  

  
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 “Initial Notes” has the meaning specified in the recitals of this
Supplemental Indenture.  
 “Interest Swap Obligations” means the obligations of any Person pursuant to any
arrangement with any other Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange
for periodic payments made by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include, without limitation, interest rate swaps, caps, floors, collars and similar agreements.

 “Interest Payment Date” has the meaning set forth in Section 2.01(d). 

“Investment” means, with respect to any Person, any direct or indirect loan or other extension of credit (including,
without limitation, a guarantee) or capital contribution to (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), or any purchase or acquisition by such Person of any
Capital Stock, bonds, notes, debentures or other securities or evidences of Indebtedness issued by, any other Person. “Investment” shall exclude extensions of trade credit by the Company and its Restricted Subsidiaries on commercially
reasonable terms in accordance with normal trade practices of the Company or such Restricted Subsidiary, as the case may be, and, in the case of the Company and its Restricted Subsidiaries, intercompany loans, advances or Indebtedness having a term
not exceeding 364 days and made in the ordinary course of business consistent with past practice. If the Company or any Restricted Subsidiary of the Company sells or otherwise disposes of any Common Stock of any direct or indirect Restricted
Subsidiary of the Company such that, after giving effect to any such sale or disposition, such Person is no longer a Subsidiary of the Company, the Company shall be deemed to have made an Investment on the date of any such sale or disposition equal
to the fair market value of the Common Stock of such Restricted Subsidiary not sold or disposed of. The amount of any Investment outstanding at any time shall be the original cost of such Investment, reduced by any dividend, distribution, interest
payment, return of capital, repayment or other amount received in cash by the Company or a Restricted Subsidiary in respect of such Investment. 

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or equivalent) by Moody’s, BBB- (or
equivalent) by S&P, BBB- (or equivalent) by Fitch or an equivalent rating by any other Rating Agency. 
 “Issue
Date” means December 4, 2015. 
 “Material Subsidiary” means a “significant
subsidiary” as defined in Rule 1-02(w) of Regulation S-X under the Securities Act. 
 “Moody’s”
means Moody’s Investors Service, Inc., or any successor to the rating agency business thereof. 
 “Net Cash
Proceeds” means, with respect to any Asset Sale, the proceeds in the form of cash or Cash Equivalents including payments in respect of deferred payment obligations when received in the form of cash or Cash Equivalents (other than the
portion of any such deferred payment constituting interest) received by the Company or any of its Restricted Subsidiaries from such Asset Sale net of: 

(1) reasonable out-of-pocket expenses and fees relating to such Asset Sale (including, without limitation, legal, accounting
and investment banking fees and sales commissions); 
 (2) taxes paid or payable after taking into account any reduction in
consolidated tax liability due to available tax credits or deductions and any tax sharing arrangements; 

  
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 (3) repayment of Indebtedness (other than Indebtedness under the Bank Facility)
that is secured by the property or assets that are the subject of such Asset Sale; and 
 (4) appropriate amounts to be
provided by the Company or any Restricted Subsidiary, as the case may be, as a reserve, in accordance with GAAP, against any liabilities associated with such Asset Sale and retained by the Company or any Restricted Subsidiary, as the case may be,
after such Asset Sale, including, without limitation, pension and other post-employment benefit liabilities, liabilities related to environmental matters and liabilities under any indemnification obligations associated with such Asset Sale. 

“Net Income” means, with respect to any Person, the net income (loss) of such Person, determined in accordance with
GAAP and before any reduction in respect of Preferred Stock dividends or distributions. 
 “Net Proceeds
Offer” has the meaning set forth in Section 4.07. 
 “Net Proceeds Offer Amount” has the meaning set
forth in Section 4.07. 
 “Net Proceeds Offer Trigger Date” has the meaning set forth in Section 4.07.

 “Non-cash Charges” means, with respect to any Person, (a) losses on asset sales, disposals or
abandonments, (b) any impairment charge or asset write-off related to intangible assets, long-lived assets, and investments in debt and equity securities pursuant to GAAP, (c) all losses from investments recorded using the equity method,
(d) stock-based awards compensation expense, and (e) other non-cash charges (provided that if any non-cash charges referred to in this clause (e) represent an accrual or reserve for potential cash items in any
future period, the cash payment in respect thereof in such future period shall be subtracted from Consolidated EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid in a prior period). 

“Notes” means, for all purposes under the Indenture (including, without limitation, the covenants set forth in the
Base Indenture) the Initial Notes issued on the date hereof and any Additional Notes. The Initial Notes and the Additional Notes shall be treated as a single class for all purposes under the Indenture, and unless the context otherwise requires, all
references to the Notes shall include the Initial Notes and any Additional Notes. 
 “Obligations” means all
obligations for principal, premium, interest, penalties, fees, indemnifications, reimbursements, damages and other liabilities payable under the documentation governing any Indebtedness. 

“Offer Amount” has the meaning set forth in Section 3.04. 

“Offer Period” has the meaning set forth in Section 3.04. 

“Officers’ Certificate” means a certificate signed by two Officers, at least one of whom shall be the principal
executive officer or principal financial officer of the Company, and delivered to the Trustee; provided that any such certificate to be delivered pursuant to Section 4.07 shall be signed by one Officer who shall be the
principal financial officer of the Company. 
 “Pari Passu Indebtedness” means any Indebtedness of the
Company or any Guarantor that ranks pari passu in right of payment with the Notes or any Guarantee of such Guarantor, as applicable. 

  
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 “Participating Member State” means each state, so described in any
European Monetary Union legislation, which was a participating member state on December 31, 2003. 
 “Permitted
Foreign Subsidiary Debt” means up to $1,000.0 million of Indebtedness at any one time outstanding incurred by one or more of the Company’s Foreign Restricted Subsidiaries. 

“Permitted Indebtedness” has the meaning set forth in Section 4.05. 

“Permitted Investments” means: 

(1) Investments by the Company or any Restricted Subsidiary of the Company in any Person that is or will become immediately
after such Investment a Restricted Subsidiary of the Company or that will merge or consolidate into the Company or a Restricted Subsidiary of the Company and other Investments to the extent constituting intercompany Indebtedness permitted under
clause 6 or 7 of the definition of “Permitted Indebtedness”; 
 (2) Investments in the Company by any Restricted
Subsidiary of the Company; provided that any Indebtedness evidencing such Investment and held by a Restricted Subsidiary that is not a Wholly Owned Restricted Subsidiary that is a Guarantor is unsecured and subordinated, pursuant to a written
agreement, to the Company’s obligations under the Notes and the Indenture; 
 (3) Investments in cash and Cash
Equivalents; 
 (4) loans and advances to employees, directors and officers of the Company and its Restricted Subsidiaries in
the ordinary course of business for bona fide business purposes not in excess of $5.0 million at any one time outstanding; 

(5) Currency Agreements and Interest Swap Obligations entered into in the ordinary course of the Company’s or its
Restricted Subsidiaries’ businesses and otherwise in compliance with the Indenture; 
 (6) additional Investments (other
than any Investments in any direct or indirect parent company of the Company) not to exceed 15.0% of Total Assets at any one time outstanding; 

(7) Investments in securities of trade creditors or customers received pursuant to any plan of reorganization or similar
arrangement upon the bankruptcy or insolvency of such trade creditors or customers or in good faith settlement of delinquent obligations of such trade creditors or customers; 

(8) Investments made by the Company or its Restricted Subsidiaries as a result of consideration received in connection with an
Asset Sale made in compliance with Section 4.07; 
 (9) Investments resulting from the creation of Liens on the assets
of the Company or any of its Restricted Subsidiaries in compliance with Section 4.09; 
 (10) Investments represented by
guarantees that are otherwise permitted under the Indenture; 
 (11) Investments the payment for which is Qualified Capital
Stock of the Company; 

  
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 (12) Investments existing as of the Issue Date, and any extension, modification
or renewal of any such Investments, but only to the extent not involving additional advances, contributions or other Investments of cash or other assets or other increases thereof (other than as a result of the accrual or accretion of interest or
original issue discount or the issuance of pay-in-kind securities), in each case, pursuant to the terms of such Investment as in effect on the Issue Date; 

(13) Investments in Permitted Joint Ventures, not to exceed 15.0% of Total Assets at any one time outstanding; 

(14) receivables owing to the Company or any Restricted Subsidiary if created or acquired in the ordinary course of business
and payable or dischargeable in accordance with customary trade terms; provided that such trade terms may include such concessionary trade terms as the Company or any such Restricted Subsidiary deems reasonable under the circumstances; 

(15) lease, utility and other similar deposits in the ordinary course of business; 

(16) stock, obligations or securities received in settlement of debts created in the ordinary course of business and owing to
the Company or any Restricted Subsidiary or in satisfaction of judgments; and 
 (17) capped call(s), call spread(s) or bond
hedge and warrant transaction(s) entered into by the Company concurrently with the issuance of convertible or exchangeable debt to hedge the Company’s stock price risk with respect to such debt that are deemed necessary or advisable to effect
such hedge in the good faith judgment of the Board of Directors of the Company. 
 “Permitted Joint Venture” means
any Person owned 50% or more by the Company and/or any of its Restricted Subsidiaries if (A) such Person is engaged in a business related to that of the Company or any Restricted Subsidiary and (B) the Company or any of its Restricted
Subsidiaries has the right to appoint at least half of the Board of Directors of such Person. 
 “Permitted
Liens” means the following types of Liens: 
 (1) Liens for taxes, assessments or governmental charges or
claims either (a) not delinquent or (b) contested in good faith by appropriate proceedings and as to which the Company or its Restricted Subsidiaries shall have set aside on its books such reserves as may be required pursuant to GAAP; 

(2) statutory Liens of landlords and Liens of carriers, warehousemen, mechanics, suppliers, materialmen, repairmen and other
Liens imposed by law incurred in the ordinary course of business for sums not yet delinquent or being contested in good faith, if such reserve or other appropriate provision, if any, as shall be required by GAAP shall have been made in respect
thereof; 
 (3) Liens incurred or deposits made in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other types of social security, including any Lien securing letters of credit issued in the ordinary course of business consistent with past practice in connection therewith, or to secure the performance of
tenders, statutory obligations, surety and appeal bonds, bids, leases, government contracts, performance and return-of-money bonds and other similar obligations (exclusive of obligations for the payment of borrowed money); 

  
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 (4) judgment Liens not giving rise to an Event of Default so long as such Lien is
adequately bonded and any appropriate legal proceedings which may have been duly initiated for the review of such judgment shall not have been finally terminated or the period within which such proceedings may be initiated shall not have expired;

 (5) easements, rights-of-way, zoning restrictions and other similar charges or encumbrances in respect of real property
not interfering in any material respect with the ordinary conduct of the business of the Company or any of its Restricted Subsidiaries; 

(6) any interest or title of a lessor under any Capitalized Lease Obligation; provided that such Liens do not extend to
any property or assets which is not leased property subject to such Capitalized Lease Obligation (other than other property that is subject to a separate lease from such lessor or any of its Affiliates); 

(7) Liens securing Purchase Money Indebtedness incurred in the ordinary course of business; provided that (a) such
Purchase Money Indebtedness shall not exceed the purchase price or other cost of such property or equipment and shall not be secured by any property or equipment of the Company or any Restricted Subsidiary of the Company other than the property and
equipment so acquired or other property that was acquired from such seller or any of its Affiliates with the proceeds of Purchase Money Indebtedness and (b) the Lien securing such Purchase Money Indebtedness shall be created within 360 days of
such acquisition; 
 (8) Liens upon specific items of inventory or other goods and proceeds of any Person securing such
Person’s obligations in respect of bankers’ acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other goods; 

(9) Liens securing reimbursement obligations with respect to commercial letters of credit which encumber documents and other
property relating to such letters of credit and products and proceeds thereof; 
 (10) Liens securing Interest Swap
Obligations which Interest Swap Obligations relate to Indebtedness that is otherwise permitted under the Indenture; 
 (11)
Liens securing Indebtedness under Currency Agreements; 
 (12) Liens securing Acquired Indebtedness incurred in accordance
with Section 4.05; provided that 
 (a) such Liens secured such Acquired Indebtedness at the time of and prior to
the incurrence of such Acquired Indebtedness by the Company or a Restricted Subsidiary of the Company and were not granted in connection with, or in anticipation of, the incurrence of such Acquired Indebtedness by the Company or a Restricted
Subsidiary of the Company; and 
 (b) such Liens do not extend to or cover any property or assets of the Company or of any of
its Restricted Subsidiaries other than the property or assets that secured the Acquired Indebtedness prior to the time such Indebtedness became Acquired Indebtedness of the Company or a Restricted Subsidiary of the Company and are no more favorable
to the lienholders than those securing the Acquired Indebtedness prior to the incurrence of such Acquired Indebtedness by the Company or a Restricted Subsidiary of the Company; 

  
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 (13) Liens on assets of a Restricted Subsidiary of the Company that is not a
Guarantor to secure Indebtedness of such Restricted Subsidiary that is otherwise permitted under the Indenture; 
 (14)
leases, subleases, licenses and sublicenses granted to others that do not materially interfere with the ordinary course of business of the Company and its Restricted Subsidiaries; 

(15) banker’s Liens, rights of setoff and similar Liens with respect to cash and Cash Equivalents on deposit in one or
more bank accounts in the ordinary course of business; 
 (16) Liens arising from filing Uniform Commercial Code financing
statements regarding leases; 
 (17) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payments of customs duties in connection with the importation of goods; 
 (18) Liens (a) on inventory held by and
granted to a local distribution company in the ordinary course of business and (b) in accounts purchased and collected by and granted to a local distribution company that has agreed to make payments to the Company or any of its Restricted
Subsidiaries for such amounts in the ordinary course of business; 
 (19) Liens securing obligations of a Foreign Restricted
Subsidiary in an aggregate amount not to exceed $1,000.0 million at any time outstanding; 
 (20) Liens securing Indebtedness
in respect of Sale and Leaseback Transactions permitted pursuant to clause 15 of the definition of “Permitted Indebtedness”; 

(21) Liens securing Indebtedness incurred pursuant to clause 17 of the definition of “Permitted Indebtedness”; 

(22) Liens securing Indebtedness in respect of mortgage financings incurred pursuant to clause 11 of the definition of
“Permitted Indebtedness”; and 
 (23) Liens with respect to obligations (including Indebtedness) of the Company or
any of its Restricted Subsidiaries otherwise permitted under the Indenture that do not exceed 15.0% of Total Assets at any one time outstanding. 

“Prospectus” means the prospectus dated November 17, 2014, as supplemented by the prospectus supplement dated
November 19, 2015, prepared by the Company in connection with the offering of the Initial Notes. 
 “Public Debt
Securities” means any debt securities of the Company or any Domestic Restricted Subsidiary that (a) are or become registered with the Commission (whether pursuant to a registration statement under the Securities Act or otherwise
pursuant to the Exchange Act) and/or (b) contain or require the Company or such Domestic Restricted Subsidiary to provide financial information substantially consistent with the financial information required by Regulation S-K and S-X
promulgated under the Securities Act and Exchange Act. 
 “Purchase Date” has the meaning set forth in
Section 3.04. 

  
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 “Purchase Money Indebtedness” means Indebtedness of the Company and its
Restricted Subsidiaries incurred in the normal course of business for the purpose of financing all or any part of the purchase price, or the cost of installation, construction or improvement, of property or equipment. 

“Qualified Capital Stock” means any Capital Stock that is not Disqualified Capital Stock. 

“Rating Agency” means (1) each of Fitch, Moody’s and S&P and (2) if Fitch, Moody’s or S&P
ceases to rate the Notes for reasons outside of the Company’s control, a “nationally recognized statistical rating organization” as such term is defined in Section 3(a)(62) of the Exchange Act selected by the Company as a
replacement agency for Fitch, Moody’s or S&P, as the case may be. 
 “Redemption Date,” has the
meaning set forth in Section 3.02. 
 “Redemption Notice Date” has the meaning set forth in Section
3.03(b). 
 “Reference Date” has the meaning set forth in Section 4.03. 

“Refinance” means, in respect of any security or Indebtedness, to refinance, extend, renew, refund, repay, prepay,
redeem, defease or retire, or to issue a security or Indebtedness in exchange or replacement for, such security or Indebtedness in whole or in part. “Refinanced” and “Refinancing” shall have correlative meanings.

 “Refinancing Indebtedness” means any Refinancing or successive Refinancings by the Company or any Restricted
Subsidiary of the Company of Indebtedness incurred in accordance with Section 4.05 (other than pursuant to clauses 2, 4, 5, 6, 7, 8, 9, 10, 11, 12, 14, 15, 17 or 19 of the definition of “Permitted Indebtedness”), in each case that
does not:  
 (1) result in an increase in the aggregate principal amount of Indebtedness of such Person as of the
date of such proposed Refinancing (plus the amount of all accrued interest and any premium required to be paid under the terms of the instrument governing such Indebtedness and plus the amount of reasonable fees and expenses incurred by the Company
in connection with such Refinancing); or 
 (2) create Indebtedness with: (a) a Weighted Average Life to Maturity that
is less than the Weighted Average Life to Maturity of the Indebtedness being Refinanced; or (b) a final maturity earlier than the final maturity of the Indebtedness being Refinanced; provided that (x) if such Indebtedness being
Refinanced is Indebtedness solely of the Company (and is not otherwise guaranteed by a Restricted Subsidiary of the Company), then such Refinancing Indebtedness shall be Indebtedness solely of the Company and (y) if such Indebtedness being
Refinanced is subordinate or junior to the Notes or any Guarantee, then such Refinancing Indebtedness shall be subordinate to the Notes or such Guarantee, as the case may be, at least to the same extent and in the same manner as the Indebtedness
being Refinanced; 
 provided, that the net proceeds of any Refinancing Indebtedness are applied to such Refinancing or successive Refinancing within
90 days of the date on which such Refinancing Indebtedness is incurred. 
 “REIT” means a “real estate
investment trust” as defined and taxed under Sections 856-860 of the Code. 
 “Repurchase Offer” has the
meaning set forth in Section 3.04. 

  
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 “Restricted Payments” has the meaning set forth in Section 4.03.

 “Restricted Subsidiary” of any Person means any Subsidiary of such Person which at the time of determination
is not an Unrestricted Subsidiary. 
 “Reversion Date” has the meaning set forth in Section 4.14. 

“S&P” means Standard & Poor’s Ratings Group, Inc., or any successor to the rating agency business
thereof. 
 “Sale and Leaseback Transaction” means any direct or indirect arrangement with any Person or to
which any such Person is a party, providing for the leasing to the Company or a Restricted Subsidiary of any property, whether owned by the Company or any Restricted Subsidiary at the Issue Date or later acquired, which has been or is to be sold or
transferred by the Company or such Restricted Subsidiary to such Person or to any other Person from whom funds have been or are to be advanced by such Person on the security of such Property. 

“Secured Indebtedness” means any Indebtedness secured by a Lien on any assets of the Company or any of its Restricted
Subsidiaries. 
 “Secured Leverage Ratio” as of any date of determination means the ratio of (x) the
aggregate amount of consolidated Secured Indebtedness of the Company and its Restricted Subsidiaries as of such date of determination to (y) Consolidated EBITDA for the Company’s four most recent fiscal quarters for which internal
financial statements are available preceding such date of determination, in each case with such pro forma adjustments to Consolidated EBITDA as are appropriate and consistent with the pro forma adjustment provision set forth in the definition of
“Consolidated Fixed Charge Coverage Ratio” 
 “Special Mandatory Redemption Date” has the meaning
set forth in Section 3.03(b). 
 “Special Mandatory Redemption Event” has the meaning set forth in Section
3.03(a). 
 “Special Mandatory Redemption Payment” has the meaning set forth in Section 3.03(b). 

“Special Mandatory Redemption Price” has the meaning set forth in Section 3.03(a). 

“Subordinated Indebtedness” means Indebtedness of the Company or any Guarantor that is subordinated or junior in right
of payment to the Notes or any Guarantee of such Guarantor, as the case may be. 
 “Supplemental Indenture”
has the meaning specified in the recitals of this Supplemental Indenture. 
 “Suspended Covenants” has the
meaning set forth in Section 4.14. 
 “Suspension Date” has the meaning set forth in Section 4.14.

 “Suspension Period” has the meaning set forth in Section 4.14. 

“Telecity Acquisition” means the acquisition by the Company of the entire issued and to be issued share capital of
Telecity Group plc pursuant to the Telecity Offer. 

  
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 “Telecity Offer” means the Company’s cash and share offer announced
on May 29, 2015, for the entire issued and to be issued share capital of Telecity Group plc.  
 “Total
Assets” means, at the time of determination, the total consolidated assets of the Company and its Subsidiaries, as shown on the most recent balance sheet of the Company. 

“Treasury Rate” means, as of any Redemption Date, the yield to maturity as of such Redemption Date of United States
Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) that has become publicly available at least two Business Days prior to the Redemption Date (or, if such
Statistical Release is no longer published, any publicly available source of similar market data)) most nearly equal to the period from the Redemption Date to January 15, 2021; provided, however, that
if the period from the Redemption Date to January 15, 2021 is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. 

“Unrestricted Subsidiary” of any Person means: 

(1) any Subsidiary of such Person that at the time of determination shall be or continue to be designated an Unrestricted
Subsidiary by the Board of Directors of such Person in the manner provided below; and 
 (2) any Subsidiary of an
Unrestricted Subsidiary. 
 The Board of Directors of the Company may designate any Subsidiary (including any newly acquired or newly
formed Subsidiary) to be an Unrestricted Subsidiary unless such Subsidiary owns any Capital Stock of, or owns or holds any Lien on any property of, the Company or any other Subsidiary of the Company that is not a Subsidiary of the Subsidiary to be
so designated; provided that: 
 (i) the Company certifies to the Trustee that such designation complies with
Section 4.03; and 
 (ii) each Subsidiary to be so designated and each of its Subsidiaries has not at the time of
designation, and does not thereafter, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of the Company or any of
its Restricted Subsidiaries. 
 For purposes of making the determination of whether any such designation of a Subsidiary as an Unrestricted
Subsidiary complies with Section 4.03, the portion of the fair market value of the net assets of such Subsidiary of the Company at the time that such Subsidiary is designated as an Unrestricted Subsidiary that is represented by the interest of
the Company and its Restricted Subsidiaries in such Subsidiary, in each case as determined in good faith by the Board of Directors of the Company, shall be deemed to be an Investment. Such designation will be permitted only if such Investment would
be permitted at such time under Section 4.03. 
 The Board of Directors may designate any Unrestricted Subsidiary to be a Restricted
Subsidiary only if: 
 (a) immediately after giving effect to such designation, the Company is able to incur at least $1.00
of additional Indebtedness (other than Permitted Indebtedness) in compliance with Section 4.05; and 

  
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 (b) immediately before and immediately after giving effect to such designation,
no Default or Event of Default shall have occurred and be continuing. Any such designation by the Board of Directors shall be evidenced to the Trustee by promptly filing with the Trustee a copy of the Board Resolution giving effect to such
designation and an Officers’ Certificate certifying that such designation complied with the foregoing provisions. 

“Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained
by dividing (a) the then outstanding aggregate principal amount of such Indebtedness into (b) the sum of the total of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial
maturity or other required payment of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) which will elapse between such date and the making of such payment.

 “Wholly Owned Restricted Subsidiary” means a Restricted Subsidiary, all of the Capital Stock of which (other
than directors’ qualifying shares) is owned by the Company or another Wholly Owned Restricted Subsidiary. 
 Whenever this
Supplemental Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Supplemental Indenture. 

All terms used in this Supplemental Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by
Commission rule under the TIA have the meanings so assigned to them. 
 Section 1.02. Conflicts with Base Indenture. In
the event that any provision of this Supplemental Indenture limits, qualifies or conflicts with a provision of the Base Indenture, such provision of this Supplemental Indenture shall control. 

ARTICLE 2 
 THE NOTES 

Section 2.01. Amount; Series; Terms. 

(a) There is hereby created and designated one series of Notes under the Base Indenture: the title of the Notes shall be “5.875% Senior
Notes Due 2026.” The changes, modifications and supplements to the Base Indenture effected by this Supplemental Indenture shall be applicable only with respect to, and govern the terms of, the Notes and shall not apply to any other series of
Notes that may be issued under the Base Indenture unless a supplemental indenture with respect to such other series of Notes specifically incorporates such changes, modifications and supplements. 

(b) The initial aggregate principal amount of Notes is $1,100,000,000. The Company shall be entitled to issue additional notes under this
Supplemental Indenture (“Additional Notes”) that shall have identical terms as the Initial Notes, other than with respect to the date of issuance, issue price and amount of interest payable on the first interest payment date
applicable thereto; provided that such issuance is not prohibited by the terms of the Indenture, including Section 4.05 and Section 4.09 of this Supplemental Indenture. Any such Additional Notes shall be consolidated and form a single
series with the Initial Notes initially issued including for purposes of voting and redemption; provided, that if such Additional Notes are not fungible with the Initial Notes for U.S. federal income tax purposes, such Additional Notes shall have
one or more separate CUSIP numbers. With respect to any Additional Notes, the Company shall set forth in a Board Resolution of its Board of Directors and in an Officers’ Certificate, a copy of each of which shall be delivered to the Trustee,
the following information: (i) the aggregate principal 

  
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amount of such Additional Notes to be authenticated and delivered pursuant to this Supplemental Indenture; and (ii) the issue price, the issue date, the CUSIP number of such Additional
Notes, the first interest payment date and the amount of interest payable on such first interest payment date applicable thereto and the date from which interest shall accrue. 

(c) The Stated Maturity of the Notes shall be January 15, 2026. The Notes shall be payable and may be presented for payment, purchase,
redemption, registration of transfer and exchange, without service charge, at the office of the Company maintained for such purpose in the Borough of Manhattan, The City of New York, which shall initially be the office or agency of the Trustee in
the United States. 
 (d) The Notes shall bear interest at the rate of 5.875% per annum from December 4, 2015 or from the most
recent date to which interest has been paid or duly provided for, as further provided in the forms of Global Note annexed hereto as Exhibit A. Interest shall be computed on the basis of a 360-day year composed of twelve 30-day months. The
dates on which such interest shall be payable (each, an “Interest Payment Date”) shall be January 15 and July 15 of each year, beginning on July 15, 2016, and the record date for any interest payable on each such
Interest Payment Date shall be the immediately preceding January 1 and July 1, respectively. 
 (e) The Notes will be issued in the
form of one or more Global Notes, deposited with the Trustee as custodian for the Depositary or its nominee, duly executed by the Company and authenticated by the Trustee as provided in Sections 2.03 and 2.04 of the Base Indenture. 

Section 2.02. Denominations. The Notes shall be issuable only in registered form without coupons and only in minimum denominations
of $2,000 and any multiple of $1,000 in excess thereof. 
 Section 2.03. Form of Notes. The Notes and the Trustee’s
certificate of authentication will be substantially in the form of Exhibit A hereto. However, to the extent any provision of any Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be
controlling. 
 ARTICLE 3 

REDEMPTION AND PREPAYMENT 

Section 3.01. Redemption. Pursuant to Section 3.01 of the Base Indenture, the following additional redemption provisions in
this Article 3 shall apply to the Notes. 
 Section 3.02. Optional Redemption of the Notes. 

(a) Other than as set forth in this Section 3.02 and Section 3.03, the Notes shall not be redeemable by the Company prior to
maturity. 
 (b) At any time prior to January 15, 2019, the Company may on any one or more occasions redeem up to 35% of the aggregate
principal amount of the Notes (calculated after giving effect to any issuance of Additional Notes) outstanding under this Supplemental Indenture, at a redemption price equal to 105.875% of the principal amount of the Notes to be redeemed, plus
accrued and unpaid interest to, but not including, the redemption date, with the net cash proceeds of one or more Equity Offerings; provided that: 

  
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 (1) at least 65% of the aggregate principal amount of the Notes (calculated after
giving effect to any issuance of Additional Notes) issued under this Supplemental Indenture remains outstanding immediately after the occurrence of such redemption (excluding Notes held by the Company and its subsidiaries); and 

(2) the redemption must occur within 90 days of the date of the closing of such Equity Offering. 

(c) On or after January 15, 2021, the Company may redeem all or a part of the Notes, on any one or more occasions, at the redemption
prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest thereon, if any, to, but not including, the applicable redemption date, if redeemed during the twelve-month period beginning on January 15 of
the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2021
	  	 	102.938	% 
	 2022
	  	 	101.958	% 
	 2023
	  	 	100.979	% 
	 2024 and thereafter
	  	 	100.000	% 

 (d) At any time prior to January 15, 2021, the Company may also redeem all or a part of the Notes at a
redemption price equal to 100% of the principal amount of Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest, if any, to, but not including, the date of redemption (the “Redemption Date”), subject to
the rights of Holders of record of Notes on the relevant record date to receive interest due on the relevant Interest Payment Date. 
 (e)
Any redemption pursuant to this Section 3.02 shall be made pursuant to the provisions of Section 3.01 through Section 3.06 of the Base Indenture. 

(f) Any redemption or notice of redemption, may, at the Company’s discretion, be subject to one or more conditions precedent, including
completion of an Equity Offering or other corporate transaction. 
 Section 3.03. Special Mandatory Redemption. 

(a) If for any reason the Telecity Acquisition is not completed on or prior to November 29, 2016, or if, prior to such date, the Telecity
Offer has lapsed or been withdrawn for the purposes of the U.K. City Code on Takeovers and Mergers (each, a “Special Mandatory Redemption Event”), then in either case the Notes will be redeemed in whole at a special mandatory
redemption price (the “Special Mandatory Redemption Price”) equal to 100% of the aggregate principal amount of the Notes, plus accrued and unpaid interest on the principal amount of the Notes to, but not including, the Special
Mandatory Redemption Date, as set forth in Section 3.03(b). 
 (b) Upon the occurrence of a Special Mandatory Redemption Event, the
Company shall promptly (but in no event later than five (5) Business Days following such Special Mandatory Redemption Event) notify the Trustee in writing of such event, and the Trustee will, no later than five (5) Business Days following
receipt of such notice from the Company, notify the Holders (such date of notification to the Holders, the “Redemption Notice Date”), that the Notes will be redeemed on the 30th day following the Redemption Notice Date (such date,
the “Special Mandatory Redemption Date”). The Trustee, upon receipt of the notice specified above, on the Redemption Notice Date will notify each 

  
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Holder that all of the outstanding Notes will be redeemed at the Special Mandatory Redemption Price on the Special Mandatory Redemption Date automatically and without any further action by the
Holders of the Notes. At or prior to 12:00 p.m. (New York City time) on the Business Day immediately preceding the Special Mandatory Redemption Date, the Company will irrevocably deposit with the Trustee funds sufficient to pay the Special Mandatory
Redemption Price for the Notes (the “Special Mandatory Redemption Payment”). If such deposit is made as provided above, the Notes will cease to bear interest on and after the Special Mandatory Redemption Date. Other than as
specifically provided in this Section 3.03, any redemption pursuant to this Section 3.03 shall be made pursuant to the applicable provisions of Sections 3.01, 3.03, 3.04 and 3.05 of the Base Indenture. 

(c) Other than as set forth in this Section 3.03, the Company shall not be required to make mandatory redemption or sinking fund payments
with respect to the Notes. 
 Section 3.04. Repurchase Offer. In the event that, pursuant to Section 4.07 or 4.11
hereof, the Company or a Restricted Subsidiary is required to commence an offer to all Holders to purchase Notes (a “Repurchase Offer”), it shall follow the procedures specified below. 

The Repurchase Offer shall remain open for a period of at least 20 Business Days following its commencement, except to the extent that
a shorter or longer period is permitted or required, as the case may be, by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase Date”), the
Company will purchase at the Purchase Price (as determined in accordance with Section 4.07 and 4.11 hereof, as the case may be) the principal amount of Notes required to be purchased pursuant to Section 4.07 or 4.11 hereof, as the case may
be (the “Offer Amount”) and, if required, Pari Passu Indebtedness (on a pro rata basis, if applicable), or, if less than the Offer Amount has been tendered, all Notes and Pari Passu Indebtedness tendered in response to the
Repurchase Offer. Payment for any Notes so purchased will be made in the same manner as interest payments are made. 
 If the
Purchase Date is on or after an interest record date and on or before the related Interest Payment Date, any accrued and unpaid interest to, but not including, the Payment Date will be paid to the Person in whose name a Note is registered at the
close of business on such record date, and no additional interest will be payable to Holders who tender Notes pursuant to the Repurchase Offer. 

Upon the commencement of a Repurchase Offer, the Company will deliver or cause to be delivered a notice to each of the Holders, with a copy to
the Trustee. The notice will contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Repurchase Offer. The notice, which will govern the terms of the Repurchase Offer, will state: 

(a) that the Repurchase Offer is being made pursuant to this Section 3.04, and either Section 4.07 or 4.11 hereof, as
applicable, and the length of time the Repurchase Offer will remain open; 
 (b) the Offer Amount, the purchase price and the
Purchase Date; 
 (c) that any Note not tendered or accepted for payment will continue to accrue interest; 

(d) that, unless the Company defaults in making such payment, any Note accepted for payment pursuant to the Repurchase Offer
will cease to accrue interest after the Purchase Date; 

  
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 (e) that Holders electing to have a Note purchased pursuant to a Repurchase Offer
may elect to have Notes purchased in minimum denominations of $2,000, or integral multiples of $1,000 in excess thereof; 

(f) that Holders electing to have a Note purchased pursuant to any Repurchase Offer will be required to surrender the Note,
with the form entitled “Option of Holder to Elect Purchase” attached to the Note completed, or transfer by book-entry transfer, to the Company, a Depositary, if appointed by the Company, or a Paying Agent at the address specified in the
notice at least three days before the Purchase Date; 
 (g) that Holders will be entitled to withdraw their election if the
Company, the Depositary or the Paying Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note
the Holder delivered for purchase and a statement that such Holder is withdrawing his election to have such Note purchased; 

(h) that, if the aggregate principal amount of Notes and Pari Passu Indebtedness surrendered by holders thereof exceeds the
Offer Amount, the Trustee will select the Notes to be purchased on a pro rata basis based on the principal amount of Notes and such Pari Passu Indebtedness surrendered (with such adjustments as may be deemed appropriate by the Trustee so that no
Notes in denominations of $2,000 or less will be purchased in part); and 
 (i) that Holders whose Notes were purchased only
in part will be issued new Notes of the applicable series equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). 

On or before the Purchase Date, the Company will, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the
Offer Amount of Notes or portions thereof validly tendered pursuant to the Repurchase Offer or if less than the Offer Amount has been tendered, all Notes tendered, and will deliver or cause to be delivered to the Trustee the Notes properly accepted
together with an Officers’ Certificate stating that such Notes or portions thereof were accepted for payment by the Company in accordance with the terms of this Section 3.04. The Company, the Depositary or the Paying Agent, as the case may
be, will promptly (but in any case not later than five days after the Purchase Date) deliver to each tendering Holder an amount equal to the purchase price of the Notes tendered by such Holder and accepted by the Company for purchase, and the
Company will promptly issue a new Note, and the Trustee, upon written request from the Company, will authenticate and deliver (or cause to be transferred by book entry) such new Note to such Holder in a principal amount equal to any unpurchased
portion of the Note surrendered. Notwithstanding any other provision in the Indenture to the contrary, neither an Opinion of Counsel nor an Officers’ Certificate is required for the Trustee to authenticate such new Note. Any Note not so
accepted shall be promptly returned by the Company to the Holder thereof. The Company will publicly announce the results of the Repurchase Offer on or as soon as practicable after the Purchase Date. 

Other than as specifically provided in this Section 3.04, Section 4.07 or 4.11 of this Supplemental Indenture, as applicable, any
purchase pursuant to this Section 3.04 shall be made pursuant to the applicable provisions of Section 3.01 through Section 3.06 of the Base Indenture. 

  
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 ARTICLE 4 

COVENANTS 
 In addition to the
covenants set forth in Article 4 of the Base Indenture, the Notes shall be subject to the following additional covenants. Such additional covenants set forth in Sections 4.03 through Section 4.12 below shall be subject to covenant defeasance
pursuant to Section 8.03 of the Base Indenture. 
 Section 4.01. Payment of Notes. The following paragraph shall be added
following the first paragraph of Section 4.01 of the Base Indenture: “The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal at the rate equal to 1% per annum
in excess of the then applicable interest rate on the 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 (without regard to any
applicable grace period), at such higher rate to the extent lawful. Interest will be computed daily on the Notes on the basis of a 360-day year comprised of twelve 30-day months”. 

Section 4.02. Reports to Holders. The following sentence shall be added to the end of the second paragraph of Section 4.03 of
the Base Indenture: “If the Company had any Unrestricted Subsidiaries during the relevant period, the Company will also provide to the Trustee and, upon request, to any Holder of the Notes, information sufficient to ascertain the financial
condition and results of operations of the Company and its Restricted Subsidiaries, excluding in all respects the Unrestricted Subsidiaries.” 

Section 4.03. Limitation on Restricted Payments. 

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

(1) declare or pay any dividend or make any distribution (other than dividends or distributions payable in Qualified Capital
Stock of the Company) on or in respect of shares of the Company’s Capital Stock to holders of such Capital Stock; 
 (2)
purchase, redeem or otherwise acquire or retire for value any Capital Stock of the Company; 
 (3) make any principal payment
on, purchase, defease, redeem, prepay, decrease or otherwise acquire or retire for value, earlier than one year prior to any scheduled final maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated Indebtedness; or 

(4) make any Investment (other than Permitted Investments) 

(each of the foregoing actions set forth in clauses (1), (2), (3) and (4) being referred to as a “Restricted Payment”); if
at the time of such Restricted Payment or immediately after giving effect thereto, 
 (i) a Default or an Event of
Default shall have occurred and be continuing; 
 (ii) the Company is not able to incur at least $1.00 of additional
Indebtedness (other than Permitted Indebtedness) in compliance with Section 4.05(a); or 
 (iii) the aggregate amount of
Restricted Payments (including such proposed Restricted Payment) made subsequent to the Issue Date (the amount expended for such purposes, if other than in cash, being the fair market value of such property as determined in good faith by the Board
of Directors of the Company) shall exceed the sum of: 

  
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 (v) an amount equal to the Company’s Consolidated EBITDA for the period from
January 1, 2013 to the end of the Company’s most recently ended fiscal quarter for which financial statements are available at the time of such Restricted Payment (the “Basket Period”) less the product of 1.4 times the
Company’s Consolidated Interest Expense for the Basket Period; plus 
 (w) 100% of the aggregate net cash
proceeds received by the Company from any Person (other than a Subsidiary of the Company) from the issuance and sale subsequent to January 1, 2013 and on or prior to the date the Restricted Payment occurs (the “Reference Date”)
of Qualified Capital Stock of the Company or warrants, options or other rights to acquire Qualified Capital Stock of the Company (but excluding any debt security that is convertible into, or exchangeable for, Qualified Capital Stock, until such debt
security has been converted into, or exchanged for, Qualified Capital Stock); plus 
 (x) without duplication of any
amounts included in clause (iii)(w) above, 100% of the aggregate net cash proceeds of any equity contribution received by the Company from a holder of the Company’s Capital Stock subsequent to March 5, 2013 and on or prior to the Reference
Date (excluding, in the case of clauses (iii)(w) and (y), any net cash proceeds from any equity offering to the extent used to redeem the Notes in compliance with the provisions set forth under Section 3.02); plus 

(y) without duplication, the sum of: 

(A) the aggregate amount returned in cash on or with respect to Investments (other than Permitted Investments) made subsequent
to March 5, 2013 whether through interest payments, principal payments, dividends or other distributions or payments; 

(B) the net cash proceeds received by the Company or any of its Restricted Subsidiaries from the disposition of all or any
portion of such Investments (other than to a Subsidiary of the Company); 
 (C) upon redesignation of an Unrestricted
Subsidiary as a Restricted Subsidiary (except to the extent the Investment constituted a Permitted Investment), the fair market value of such Subsidiary as of the date of such redesignation; and 

(D) net cash dividends or other net cash distributions paid to the Company or any Restricted Subsidiary of the Company from
any Unrestricted Subsidiaries of the Company; plus 
 (z) $225.0 million; 

provided that the sum of clauses (A), (B), (C) and (D) above shall not exceed the aggregate amount of all such Investments made subsequent to
March 5, 2013. 
 (b) Notwithstanding the foregoing, the provisions set forth in the immediately preceding paragraph do not
prohibit: 

  
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 (1) the payment of any dividend within 60 days after the date of declaration of
such dividend if the dividend would have been permitted on the date of declaration; 
 (2) the acquisition of any shares of
Capital Stock of the Company, either (i) solely in exchange for shares of Qualified Capital Stock of the Company or (ii) through the application of net proceeds of a substantially concurrent sale for cash (other than to a Subsidiary of the
Company) of shares of Qualified Capital Stock of the Company; 
 (3) the acquisition of any Subordinated Indebtedness either
(i) solely in exchange for shares of Qualified Capital Stock of the Company, or (ii) through the application of net proceeds of a substantially concurrent sale for cash (other than to a Subsidiary of the Company) of (A) shares of
Qualified Capital Stock of the Company or (B) Refinancing Indebtedness; 
 (4) repurchases by the Company of Common
Stock of the Company from officers, directors and employees of the Company or any of its Subsidiaries or their authorized representatives upon the death, disability or termination of employment of such employees or termination of their seat on the
board of the Company in an aggregate amount not to exceed $10.0 million in any calendar year; 
 (5) repurchases of Capital
Stock deemed to occur upon the exercise of stock options or warrants if such Capital Stock represents a portion of the exercise price and related statutory withholding taxes of such options or warrants; 

(6) payments of dividends on Disqualified Capital Stock or Preferred Stock of any Restricted Subsidiary, the incurrence or
issuance of which was permitted by the Indenture; 
 (7) cash payments in lieu of the issuance of fractional shares in
connection with (i) the exercise of warrants, options or other securities convertible into or exchangeable for Capital Stock of the Company or (ii) a merger, consolidation, amalgamation or other combination involving the Company or any of
its Subsidiaries; 
 (8) the retirement of any shares of Disqualified Capital Stock of the Company by conversion into, or by
exchange for, shares of Disqualified Capital Stock of the Company or out of the net cash proceeds of the substantially concurrent sale (other than to a Subsidiary of the Company) or other shares of Disqualified Capital Stock of the Company; 

(9) in the event of a Change of Control, and if no Default or Event of Default shall have occurred and be continuing,
the payment, purchase, redemption, defeasance or other acquisition or retirement of Subordinated Indebtedness of the Company or any Guarantor, in each case at a purchase price not greater than 101% of the principal amount of such Subordinated
Indebtedness, plus accrued and unpaid interest thereon; provided that prior to such payment, purchase, redemption, defeasance or other acquisition or retirement, the Company (or a third party to the extent permitted by the Indenture) has made
a Change of Control Offer with respect to the Notes offered hereby as a result of such Change of Control and has repurchased all Notes validly tendered and not withdrawn in connection with such Change of Control Offer; 

(10) in the event of an Asset Sale that requires the Company to offer to repurchase Notes pursuant to Sections 3.04 and 4.07,
and if no Default or Event of Default shall have occurred and be continuing, the payment, purchase, redemption, defeasance or other acquisition or retirement of Subordinated Indebtedness of the Company or any Guarantor, in each case at a purchase
price not greater than 100% of the principal amount of such Subordinated Indebtedness, 

  
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plus accrued and unpaid interest thereon; provided that (A) prior to such payment, purchase, redemption, defeasance or other acquisition or retirement, the Company has made an offer with
respect to the Notes offered hereby pursuant to the provisions of Sections 3.04 and 4.07 and has repurchased all Notes validly tendered and not withdrawn in connection with such offer and (B) the aggregate amount of all such payments,
purchases, redemptions, defeasances or other acquisitions or retirements of all such Subordinated Indebtedness may not exceed the amount of the Net Cash Proceeds amount remaining after the Company has complied with Section 4.07(a)(3); 

(11) the conversion, repayment, repurchase, redemption or other retirement (whether for cash or otherwise) of, or the payment
of interest in respect of, the 2016 Convertible Notes; and 
 (12) other Restricted Payments in an aggregate amount not to
exceed $500.0 million after the Issue Date. 
 (c) In determining the aggregate amount of Restricted Payments made subsequent to the Issue
Date in accordance with clause (iii) of Section 4.03(a), amounts expended pursuant to clauses (1) and (4) of Section 4.03(b) shall be included in such calculation. 

(d) Notwithstanding the foregoing, the Company may (i) declare or pay any dividend or make any distribution on or in respect of shares of
the Company’s Capital Stock to holders of such Capital Stock, so long as (A)(1) such dividend or distribution is intended to be part of a distribution of the Company’s earnings and profits to satisfy Section 857(a)(2) of the Code,
whether such dividend or distribution is made before, during or after the first taxable year the Company intends in good faith to be a REIT or (2) the Company believes in good faith that it qualifies as a “real estate investment
trust” under Section 856 of the Code and that the declaration or payment of such dividend or making of such distribution is necessary either to maintain the Company’s status as a REIT for any calendar year or, with respect to any
calendar year in which the Company intends to qualify as REIT, to enable the Company to avoid payment of any tax for any calendar year that would otherwise be required and could be avoided by reason of paying such dividend or making such
distribution by the Company to such holders, with such dividend to be paid or distribution to be made as and when determined by the Company, whether during or after the end of the relevant calendar year, and (B) no Default or Event of Default
shall have occurred and be continuing, and (ii) make any cash payments on the Company’s outstanding convertible notes to satisfy anti-dilution provisions in such notes as a result of any dividends or distributions made pursuant to
(i) of this paragraph. In determining the aggregate amount of Restricted Payments made subsequent to the Issue Date in accordance with clause (iii) of Section 4.03(a), amounts expended pursuant to clause (i)(A)(2) in this subsection
(d) shall be included in such calculation. 
 Section 4.04. Limitation on Dividend and Other Payment Restrictions Affecting
Restricted Subsidiaries. The Company will not, and will not cause or permit any of its Restricted Subsidiaries to, directly or indirectly, create or otherwise cause or permit to exist or become effective any encumbrance or restriction on the
ability of any Restricted Subsidiary of the Company to: 
 (a) pay dividends or make any other distributions on or in respect
of its Capital Stock; 
 (b) make loans or advances to the Company or any other Restricted Subsidiary or to pay any
Indebtedness or other obligation owed to the Company or any other Restricted Subsidiary of the Company; or 

  
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 (c) transfer any of its property or assets to the Company or any other Restricted
Subsidiary of the Company, 
 except in each case for such encumbrances or restrictions existing under or by reason of: 

(1) applicable law, rule, regulation or order; 

(2) the Indenture, the Notes and any Guarantees; 

(3) customary non-assignment provisions of any contract or any lease, license or sublicense governing a leasehold interest of
any Restricted Subsidiary of the Company; 
 (4) any instrument governing Acquired Indebtedness, which encumbrance or
restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person or the properties or assets of the Person so acquired; 

(5) agreements existing on the Issue Date to the extent and in the manner such agreements are in effect on the Issue Date; 

(6) the Bank Facility, an agreement governing other Pari Passu Indebtedness permitted to be incurred under the Indenture or,
with respect to a Restricted Subsidiary, an agreement evidencing Indebtedness incurred not in violation of the Indenture; provided that, with respect to any agreement governing such other Pari Passu Indebtedness or other Indebtedness, as the case
may be, the provisions relating to such encumbrance or restriction are no less favorable to the Company or Restricted Subsidiary, as the case may be, in any material respect as determined by the Board of Directors of the Company in its reasonable
and good faith judgment than the provisions contained in the Bank Facility, in the case of such other Pari Passu Indebtedness, and the agreements of such Restricted Subsidiary, in the case of such other Indebtedness, in each case as in effect on the
Issue Date; 
 (7) restrictions on the transfer of assets subject to any Lien permitted under the Indenture imposed by the
holder of such Lien; 
 (8) restrictions imposed by any agreement to sell assets or Capital Stock permitted under the
Indenture to any Person pending the closing of such sale; 
 (9) such encumbrances or restrictions being binding on a
Restricted Subsidiary at such time as such Restricted Subsidiary first becomes a Restricted Subsidiary, provided that such encumbrances or restrictions are not entered into solely in contemplation of such Person becoming a Restricted Subsidiary;

 (10) customary provisions in joint venture agreements and other similar agreements (in each case relating solely to the
respective joint venture or similar entity or the equity interests therein) entered into in the ordinary course of business; 

(11) any amendment to or Refinancing of the Indebtedness issued, assumed or incurred pursuant to an agreement referred to in
clauses (2), (4), (5) and (6) above; provided that the provisions relating to such encumbrance or restriction contained in any such agreement, taken as a whole, are no less favorable to the Company in any material respect as determined by
the Board of Directors of the Company in their reasonable and good faith judgment than the provisions relating to such encumbrance or restriction contained in agreements referred to in such clauses (2), (4), (5) and (6); 

  
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 (12) customary restrictions on leases, subleases, licenses, sublicenses or asset
sale agreements otherwise permitted hereby; 
 (13) restrictions imposed on cash or other deposits or net worth imposed by
customers or required by insurance, surety or bonding companies, in each case, entered into in the ordinary course of business; and 

(14) encumbrances and restrictions applicable only to Restricted Subsidiaries of the Company that are not Domestic Restricted
Subsidiaries. 
 Section 4.05. Limitation on Incurrence of Additional Indebtedness. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur, assume, guarantee,
acquire, become liable, contingently or otherwise, with respect to, or otherwise become responsible for payment of (collectively, “incur”) any Indebtedness (other than Permitted Indebtedness); provided that if no Default or
Event of Default shall have occurred and be continuing at the time of or as a consequence of the incurrence of any such Indebtedness, the Company or any of its Restricted Subsidiaries may incur Indebtedness if on the date of the incurrence of such
Indebtedness, after giving effect to the incurrence thereof (or, in the case of Designated Revolving Commitments, on the date such Designated Revolving Commitments are designated as such (but only to the extent and so long as so designated) after
giving pro forma effect to the incurrence of the entire committed amount of Indebtedness designated thereunder, in which case such designated amount under such Designated Revolving Commitments may thereafter be borrowed, repaid and reborrowed, in
whole or in part, from time to time, without further compliance with any limitation on the incurrence of additional indebtedness set forth in this Section 4.05), the Consolidated Fixed Charge Coverage Ratio of the Company would have been
greater than 2.0 to 1.0; provided that the amount of Indebtedness that may be incurred and Disqualified Capital Stock or Preferred Stock that may be issued pursuant to the foregoing by any Restricted Subsidiaries that are not Guarantors
(other than borrowings under a Bank Facility which is secured by Liens incurred pursuant to Section 4.09(b)(1)) shall not exceed $750.0 million at any one time outstanding. 

(b) Section 4.05(a) will not apply to (collectively, “Permitted Indebtedness”): 

(1) Indebtedness under the Notes (other than any Additional Notes) issued on the Issue Date; 

(2) Indebtedness incurred pursuant to any Bank Facility in an aggregate principal amount at any one time outstanding not to
exceed $3,000.0 million; 
 (3) other Indebtedness of the Company and its Restricted Subsidiaries outstanding on the Issue
Date (other than Indebtedness under clauses (1), (2) or (19) of this Section 4.05(b)) reduced by the amount of any scheduled amortization payments, mandatory prepayments when actually paid, conversions or permanent reductions thereof;

 (4) Interest Swap Obligations of the Company or any Restricted Subsidiary of the Company covering Indebtedness of the
Company or any of its Restricted Subsidiaries; provided that such Interest Swap Obligations are entered into to protect the Company and its Restricted Subsidiaries from fluctuations in interest rates on its outstanding Indebtedness incurred without
violation of the Indenture to the extent the notional principal amount of such Interest Swap Obligation does not, at the time of the incurrence thereof, exceed the principal amount of the Indebtedness to which such Interest Swap Obligation relates;


  
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 (5) Indebtedness under Currency Agreements; provided that in the case of Currency
Agreements which relate to Indebtedness, such Currency Agreements do not increase the Indebtedness of the Company and its Restricted Subsidiaries outstanding other than as a result of fluctuations in foreign currency exchange rates or by reason of
fees, indemnities and compensation payable thereunder; 
 (6) Indebtedness of a Restricted Subsidiary of the Company
owing to and held by the Company or a Wholly Owned Restricted Subsidiary of the Company for so long as such Indebtedness is held by the Company or a Wholly Owned Restricted Subsidiary of the Company or the holder of a Lien permitted under the
Indenture, in each case subject to no Lien held by a Person other than the Company or a Wholly Owned Restricted Subsidiary of the Company or the holder of a Lien permitted under the Indenture; provided that if as of any date any Person other
than the Company or a Wholly Owned Restricted Subsidiary of the Company or the holder of a Lien permitted under the Indenture owns or holds any such Indebtedness or holds a Lien in respect of such Indebtedness, such date shall be deemed the
incurrence of Indebtedness not constituting Permitted Indebtedness under this clause (6) by the issuer of such Indebtedness; 

(7) Indebtedness of the Company owing to and held by a Wholly Owned Restricted Subsidiary of the Company for so long as such
Indebtedness is held by a Wholly Owned Restricted Subsidiary of the Company or the holder of a Lien permitted under the Indenture, in each case subject to no Lien other than a Lien permitted under the Indenture; provided that if as of any date any
Person other than a Wholly Owned Restricted Subsidiary of the Company or the holder of a Lien permitted under the Indenture owns or holds any such Indebtedness or any Person holds a Lien in respect of such Indebtedness, such date shall be deemed the
incurrence of Indebtedness not constituting Permitted Indebtedness under this clause (7) by the Company; 
 (8)
Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business;
provided that such Indebtedness is extinguished within five Business Days of incurrence; 
 (9) Indebtedness of the Company
or any of its Restricted Subsidiaries in respect of performance bonds, bankers’ acceptances, workers’ compensation claims, surety, bid, appeal or similar bonds, completion guarantees, payment obligations in connection with self-insurance
or similar obligations, and bank overdrafts (and letters of credit in respect thereof) in the ordinary course of business; 

(10) Indebtedness represented by Capitalized Lease Obligations of the Company and its Restricted Subsidiaries not to exceed
(together with any Refinancing Indebtedness with respect thereto) 15.0% of Total Assets at any one time outstanding, 
 (11)
Indebtedness represented by mortgage financings and Purchase Money Indebtedness of the Company and its Restricted Subsidiaries not to exceed (together with any Refinancing Indebtedness with respect thereto) 15.0% of Total Assets at any one time
outstanding; 
 (12) Refinancing Indebtedness; 

  
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 (13) Indebtedness of the Company or any Restricted Subsidiary consisting of
“earn-out” obligations, guarantees, indemnities or obligations in respect of purchase price adjustments in connection with the acquisition or disposition of assets (including Capital Stock); 

(14) Indebtedness incurred by the Company or any of the Restricted Subsidiaries in respect of letters of credit, bank
guarantees or similar instruments issued or created in the ordinary course of business, including in respect of health, disability or other employee benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with
respect to reimbursement-type obligations regarding workers’ compensation claims; provided that any reimbursement obligations in respect thereof are reimbursed within 60 days following the incurrence thereof; 

(15) Indebtedness in respect of Sale and Leaseback Transactions in an aggregate amount not to exceed $500.0 million at any one
time outstanding; 
 (16) Acquired Indebtedness, if on the date that such Indebtedness is incurred, after giving pro forma
effect thereto, (A) the Company or such Restricted Subsidiary, as the case may be, shall be able to incur at least $1.00 of additional Indebtedness (other than Permitted Indebtedness) pursuant to Section 4.05(a), or (B) the
Consolidated Fixed Charge Coverage Ratio of the Company would be no less than the Consolidated Fixed Charge Coverage Ratio of the Company immediately prior to the date such Indebtedness is incurred; 

(17) Additional Indebtedness of the Company and its Restricted Subsidiaries in an aggregate principal amount (or accreted
value) not to exceed $500.0 million at any one time outstanding (which amounts may, but need not, be incurred in whole or in part under the Bank Facility); provided that the amount of Indebtedness that may be incurred pursuant to this clause
(17) by any Restricted Subsidiaries (other than borrowings under a Bank Facility which is secured by Liens incurred pursuant to Section 4.09(b)(1)) that are not Guarantors shall not exceed $250.0 million at any one time outstanding; 

(18) Indebtedness represented by guarantees by the Company or its Restricted Subsidiaries of Indebtedness otherwise permitted
to be incurred under the Indenture; provided that, in the case of a guarantee by a Restricted Subsidiary, such Restricted Subsidiary complies with Section 4.12 to the extent applicable; and 

(19) Permitted Foreign Subsidiary Debt. 

(c) For purposes of determining compliance with this Section 4.05, in the event that all or a portion of an item of Indebtedness meets the
criteria of more than one of the categories of Permitted Indebtedness described in clauses (1) through (19) of Section 4.05(b) or is entitled to be incurred pursuant to the Consolidated Fixed Charge Coverage Ratio provisions of
Section 4.05(a), the Company shall, in its sole discretion, classify (or later reclassify) such item of Indebtedness, in whole or in part, in any manner that complies with this Section 4.05; provided that all Indebtedness
outstanding under the Bank Facility up to the maximum amount permitted under clause (2) of Section 4.05(b) shall be deemed to have been incurred pursuant to clause (2) of Section 4.05(b). Accrual of interest, whether payable in
cash or in kind, accretion or amortization of original issue discount, imputed interest, the payment of interest on any Indebtedness in the form of additional Indebtedness with the same terms, and the payment of dividends on Disqualified Capital
Stock in the form of additional shares of the same class of Disqualified Capital Stock will not be deemed to be an incurrence of Indebtedness or an issuance of Preferred Stock of a Restricted Subsidiary or Disqualified Capital Stock, as applicable,
for purposes of this Section 4.05. 

  
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 (d) In addition, the Company will not, and will not permit any Restricted Subsidiary that becomes
a Guarantor to, directly or indirectly, incur any Indebtedness which by its terms (or by the terms of any agreement governing such Indebtedness) is expressly subordinated in right of payment to any other Indebtedness of the Company or such
Guarantor, as the case may be, unless such Indebtedness is also by its terms (or by the terms of any agreement governing such Indebtedness) made expressly subordinate to the Notes or the applicable Guarantee, as the case may be, to the same extent
and in the same manner as such Indebtedness is subordinated to other Indebtedness of the Company or such Guarantor, as the case may be. For purposes of the foregoing, no Indebtedness will be deemed to be subordinated in right of payment to any other
Indebtedness of the Company or any Guarantor solely by virtue of such Indebtedness being unsecured or by virtue of the fact that the holders of such Indebtedness have entered into one or more intercreditor agreements giving one or more of such
holders priority over the other holders in the collateral held by them. 
 (e) For purposes of determining compliance with any U.S.
dollar-denominated restriction on the incurrence of Indebtedness, the U.S. dollar-equivalent principal amount of Indebtedness denominated in a foreign currency shall be calculated based on the relevant currency exchange rate in effect on the date
such Indebtedness was incurred, in the case of term debt, or first committed, in the case of revolving credit debt; provided that if such Indebtedness is Refinancing Indebtedness incurred to Refinance other Indebtedness denominated in a
foreign currency, and such refinancing would cause the applicable U.S. dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such refinancing, such U.S. dollar-denominated
restriction shall be deemed not to have been exceeded so long as the principal amount of such Refinancing Indebtedness does not exceed the principal amount of such Indebtedness being Refinanced. Notwithstanding any other provision of this
Section 4.05, the maximum amount of Indebtedness that may be incurred pursuant to this Section 4.05 will not be deemed to be exceeded with respect to any outstanding Indebtedness due solely to the result of fluctuations in the exchange
rates of currencies. 
 Section 4.06. Limitation on Preferred Stock of Domestic Restricted Subsidiaries. The Company will not
permit any of its Domestic Restricted Subsidiaries that are not Guarantors to issue any Preferred Stock (other than to the Company or to a Wholly Owned Restricted Subsidiary of the Company) or permit any Person (other than the Company or a Wholly
Owned Restricted Subsidiary of the Company) to own any Preferred Stock of any Domestic Restricted Subsidiary of the Company that is not a Guarantor. 

Section 4.07. Asset Sales. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, consummate an Asset Sale unless:

 (1) the Company or such Restricted Subsidiary, as the case may be, receives consideration therefor at the time of such
Asset Sale at least equal to the fair market value at the time of such Asset Sale of the property, assets or stock sold or otherwise disposed of (as determined in good faith by the Company’s Board of Directors); 

(2) at least 75% of the consideration received by the Company or the Restricted Subsidiary, as the case may be, from such Asset
Sale shall be in the form of cash, Cash Equivalents and/or Replacement Assets (as defined) and is received at the time of such disposition; provided that, for purposes of this clause (2), (A) the amount of any liabilities (as shown on the
Company’s or such Restricted Subsidiary’s most recent balance sheet) of the Company or any such Restricted Subsidiary (other than liabilities that are by their terms subordinated in right of payment to the Notes or any Guarantee of a
Guarantor) that are assumed by the transferee of any 

  
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such assets, (B) the fair market value of any securities or other assets received by the Company or any such Restricted Subsidiary in exchange for any such assets that are converted into
cash or Cash Equivalents within 360 days after such Asset Sale and (C) any Designated Non-cash Consideration received by the Company or any of its Restricted Subsidiaries in such Asset Sale having an aggregate fair market value, taken together
with all other Designated Non-cash Consideration received pursuant to this subclause (C) that is at that time outstanding, not to exceed the greater of 1.0% of Total Assets and $50.0 million at the time of the receipt of such Designated
Non-cash Consideration (with the fair market value of each item of Designated Non-cash Consideration being measured at the time received and without giving effect to subsequent changes in value), in each case shall be deemed to be cash for purposes
of this provision; and 
 (3) Upon the consummation of an Asset Sale, the Company shall apply, or cause such Restricted
Subsidiary to apply, the Net Cash Proceeds relating to such Asset Sale within 360 days of receipt thereof either: 
 (A) to
permanently reduce Indebtedness under a Bank Facility or to permanently repay any secured Indebtedness (other than Subordinated Indebtedness) of the Company or any Restricted Subsidiary or any Indebtedness of any Restricted Subsidiary that is not a
Guarantor; 
 (B) to make an investment in properties and assets (including Capital Stock) that replace the properties and
assets that were the subject of such Asset Sale or in properties and assets that will be used in the business of the Company and its Restricted Subsidiaries as existing on the Issue Date or in businesses reasonably related thereto (“Replacement
Assets”); 
 (C) to repay other Pari Passu Indebtedness; provided that the Company shall also equally and ratably reduce
Indebtedness under the Notes by making an offer (in accordance with the procedures set forth below for a Net Proceeds Offer) to all Holders to purchase the pro rata principal amount of Notes, in each case at a purchase price equal to 100% of the
principal amount thereof, plus accrued and unpaid interest to the repurchase date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date); and/or 

(D) a combination of prepayment and investment permitted by the foregoing clauses (A)—(C); 

provided that in the case of an investment in Replacement Assets pursuant to clause (B) or (D) above, a binding commitment shall be treated
as a permitted application of the Net Cash Proceeds from the date of such commitment and, in the event such binding commitment is later cancelled or terminated for any reason before such Net Cash Proceeds are so applied, the Company or such
Restricted Subsidiary enters into another binding commitment within 180 days of such cancellation or termination of the prior binding commitment. 

(b) Pending the final application of such Net Cash Proceeds, the Company may temporarily reduce borrowings under the Bank Facility or any other
revolving credit facility or otherwise invest the Net Cash Proceeds in any manner not prohibited by the Indenture. On the 361st day after an Asset Sale or such earlier date, if any, as the Board of Directors of the Company or of such Restricted
Subsidiary determines not to apply the Net Cash Proceeds relating to such Asset Sale as set forth in clauses (3)(A)-(D) of Section 4.07(a) (each, a “Net Proceeds Offer Trigger Date”), such aggregate amount of Net Cash
Proceeds (rounded down to the nearest $1,000) that has not been applied on or before such Net Proceeds 

  
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Offer Trigger Date as permitted in clauses (3)(A)-(D) of the preceding paragraph or the last provision of this paragraph (each a “Net Proceeds Offer Amount”) shall be
applied by the Company or such Restricted Subsidiary to make an offer to purchase (the “Net Proceeds Offer”) to all Holders and, to the extent required by the terms of any Pari Passu Indebtedness, to all holders of Pari Passu
Indebtedness, on a date not less than 30 nor more than 60 days following the applicable Net Proceeds Offer Trigger Date, from all Holders (and holders of any such Pari Passu Indebtedness) on a pro rata basis, the maximum amount of Notes and
Pari Passu Indebtedness equal to the Net Proceeds Offer Amount at a price equal to 100% of the principal amount of the Notes and Pari Passu Indebtedness to be purchased, plus accrued and unpaid interest thereon, if any, to the date of purchase;
provided that if at any time any non-cash consideration received by the Company or any Restricted Subsidiary of the Company, as the case may be, in connection with any Asset Sale is converted into or sold or otherwise disposed of for cash
(other than interest received with respect to any such non-cash consideration), then such conversion or disposition shall be deemed to constitute an Asset Sale hereunder and the Net Cash Proceeds thereof shall be applied in accordance with this
Section 4.07. 
 (c) The Company may defer the Net Proceeds Offer until there is an aggregate unutilized Net Proceeds Offer Amount equal
to or in excess of $25.0 million resulting from one or more Asset Sales (at which time, the entire unutilized Net Proceeds Offer Amount, and not just the amount in excess of $25.0 million, shall be applied as required pursuant to this
Section 4.07). 
 (d) In the event of the transfer of substantially all (but not all) of the property and assets of the Company and its
Restricted Subsidiaries as an entirety to a Person in a transaction permitted under Section 5.01 which transaction does not constitute a Change of Control, the successor corporation shall be deemed to have sold the properties and assets of the
Company and its Restricted Subsidiaries not so transferred for purposes of this Section 4.07, and shall comply with the provisions of this Section 4.07with respect to such deemed sale as if it were an Asset Sale. In addition, the fair
market value of such properties and assets of the Company or its Restricted Subsidiaries deemed to be sold shall be deemed to be Net Cash Proceeds for purposes of this Section 4.07. 

(e) Each Net Proceeds Offer will be sent to the record Holders as shown on the register of Holders within 25 days following the Net Proceeds
Offer Trigger Date, with a copy to the Trustee, and shall comply with the procedures set forth in the Indenture, and in the case of Global Notes, the procedures of the Depositary. Upon receiving notice of the Net Proceeds Offer, Holders may elect to
tender their Notes in whole or in part (in minimum amounts of $2,000 and integral multiples of $1,000 in excess thereof) in exchange for cash. To the extent Holders properly tender Notes and holders of Pari Passu Indebtedness properly tender such
Pari Passu Indebtedness in an amount exceeding the Net Proceeds Offer Amount, the tendered Notes and Pari Passu Indebtedness will be purchased on a pro rata basis based on the aggregate amount of Notes and Pari Passu Indebtedness tendered
(and the Trustee shall select the tendered Notes of tendering Holders on a pro rata basis based on the amount of Notes and Pari Passu Indebtedness tendered). A Net Proceeds Offer shall remain open for a period of 20 Business Days or such
longer or shorter period as may be required or permitted, respectively, by law. If any Net Cash Proceeds remain after the consummation of any Net Proceeds Offer, the Company may use those Net Cash Proceeds for any purpose not otherwise prohibited by
the Indenture. Upon completion of each Net Proceeds Offer, the amount of Net Cash Proceeds will be reset at zero. 
 (f) The Company will
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 Notes pursuant to a Net Proceeds
Offer. To the extent that the provisions of any securities laws or regulations conflict with this Section 4.07, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its
obligations under this Section 4.07 by virtue thereof. 

  
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 Section 4.08. Limitations on Transactions with Affiliates. 

(a) The Company will not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into or permit to exist any
transaction or series of related transactions (including, without limitation, the purchase, sale, lease or exchange of any property or the rendering of any service) with, or for the benefit of, any of its Affiliates (each an “Affiliate
Transaction”), having a value greater than $15.0 million other than (x) Affiliate Transactions permitted under Section 4.08(b) and (y) Affiliate Transactions on terms that are no less favorable than those that might
reasonably have been obtained in a comparable transaction at such time on an arm’s-length basis from a Person that is not an Affiliate of the Company or such Restricted Subsidiary. 

(b) All Affiliate Transactions (and each series of related Affiliate Transactions which are similar or part of a common plan) involving
aggregate payments or other property with a fair market value in excess of $50.0 million shall be approved by the Board of Directors of the Company or such Restricted Subsidiary, as the case may be, such approval to be evidenced by a Board
Resolution stating that such Board of Directors has determined that such transaction complies with the foregoing provisions. If the Company or any Restricted Subsidiary of the Company enters into an Affiliate Transaction (or a series of related
Affiliate Transactions related to a common plan) that involves an aggregate fair market value of more than $50.0 million, the Company or such Restricted Subsidiary, as the case may be, shall, prior to the consummation thereof, obtain a favorable
opinion as to the fairness of such transaction or series of related transactions to the Company or the relevant Restricted Subsidiary, as the case may be, from a financial point of view, from an Independent Financial Advisor and file the same with
the Trustee. 
 (c) The restrictions set forth in this Section 4.08 shall not apply to: 

(1) loans, advances and payments of reasonable fees and compensation paid (whether in cash or the issuance of Capital Stock of
the Company) to and indemnity provided on behalf of, officers, directors, employees or consultants of the Company or any Restricted Subsidiary of the Company in the ordinary course of business or as determined in good faith by the Company’s
Board of Directors or senior management; 
 (2) transactions exclusively between or among the Company and any of its
Restricted Subsidiaries or exclusively between or among such Restricted Subsidiaries, provided that such transactions are not otherwise prohibited by the Indenture; 

(3) any agreement as in effect as of the Issue Date or any amendment thereto or any transaction contemplated thereby (including
pursuant to any amendment thereto) in any replacement agreement thereto so long as any such amendment or replacement agreement, taken as a whole, is not materially more disadvantageous to the Holders than the original agreement as in effect on the
Issue Date; 
 (4) any transaction on arm’s-length terms with any non-Affiliate that becomes an Affiliate as a result of
such transaction; 
 (5) any employment, consulting and severance arrangements entered into by the Company or any of its
Restricted Subsidiaries in the ordinary course of business; 
 (6) the issuance and sale of Qualified Capital Stock; 

(7) Permitted Investments and Restricted Payments permitted by the Indenture; and 

  
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 (8) the payment of customary fees and reasonable out-of-pocket costs to, and
indemnities provided on behalf of, directors, officers and employees of the Company and the Restricted Subsidiaries in the ordinary course of business to the extent attributable to the ownership or operation of the Company and the Restricted
Subsidiaries. 
 Section 4.09. Limitation on Liens. The Company will not, and will not cause or permit any of its
Restricted Subsidiaries to, directly or indirectly, create, incur, assume or permit or suffer to exist any Liens of any kind against or upon any property or assets of the Company or any of its Restricted Subsidiaries whether owned on the Issue Date
or acquired after the Issue Date, or any proceeds therefrom, or assign or otherwise convey any right to receive income or profits therefrom unless: 

(a) in the case of Liens securing Subordinated Indebtedness, the Notes or any Guarantee, as the case may be, are secured by a
Lien on such property, assets or proceeds that is senior in priority to such Liens; and 
 (b) in all other cases, the Notes
or any Guarantee, as the case may be, are equally and ratably secured, 
 except for: 

(1) Liens securing borrowings under a Bank Facility in an amount not to exceed the greater of (x) the amount permitted to
be incurred pursuant to and in compliance with Section 4.05(b)(2) and (y) such amount that at the time of incurrence (or, in the case of Designated Revolving Commitments, on the date such Designated Revolving Commitments are designated as
such (but only to the extent and so long as so designated) after giving pro forma effect to the incurrence of the entire amount of Indebtedness designated thereunder, in which case such designated amount under such Designated Revolving Commitments
may thereafter be borrowed, repaid and reborrowed, in whole or in part, from time to time, without further compliance with any limitations on Liens set forth in this Section 4.09) and after giving pro forma effect to any such Lien and
obligations secured thereunder (including the use of proceeds thereof) the Company and its Restricted Subsidiaries shall have a Secured Leverage Ratio less than or equal to 2.0. to 1.0; 

(2) Liens existing as of the Issue Date to the extent and in the manner such Liens are in effect on the Issue Date; 

(3) Liens securing the Company’s and its Restricted Subsidiaries’ Obligations under any hedge facility permitted
under the Indenture to be entered into by the Company and its Restricted Subsidiaries; 
 (4) Liens securing the Notes and
any Guarantees; 
 (5) Liens in favor of the Company or a Wholly Owned Restricted Subsidiary of the Company on assets of any
Restricted Subsidiary of the Company; 
 (6) Liens securing Refinancing Indebtedness which is incurred to Refinance any
Indebtedness which has been secured by a Lien permitted under the Indenture and which has been incurred in accordance with the provisions of the Indenture; provided that such Liens: (i) are no less favorable to the Holders in any material
respect and are not more favorable to the lienholders in any material respect with respect to such Liens than the Liens in respect of the Indebtedness being Refinanced as determined by the Board of Directors of the Company in its reasonable and good
faith judgment; and (ii) do not extend to or cover any property or assets of the Company or any of its Restricted Subsidiaries not securing the Indebtedness so Refinanced; and 

  
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 (7) Permitted Liens. 

Section 4.10. Conduct of Business. The Company and its Restricted Subsidiaries will not engage in any businesses that are not the
same, similar, ancillary, complementary or reasonably related to the businesses in which the Company and its Restricted Subsidiaries are engaged on the Issue Date, except to an extent that so doing would not be material to the Company and its
Restricted Subsidiaries, taken as a whole. 
 Section 4.11. Offer to Repurchase Upon Change of Control. 

(a) Upon the occurrence of a Change of Control, unless the Company or a third party has previously or concurrently mailed a redemption notice
with respect to all outstanding Notes as described under Section 3.03 of the Base Indenture or Section 3.03 or 3.04 hereof, the Company will be required to make an offer to purchase each Holder’s 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 to the date of purchase. 

(b) Within 30 days following the date upon which the Change of Control occurred, the Company must send, or cause the Trustee to send a notice
to each Holder, with a copy to the Trustee, which notice shall govern the terms of the Change of Control Offer. Such notice shall state, among other things, the purchase date, which must be no earlier than 30 days nor later than 60 days after the
date such notice is mailed, other than as may be required by law (the “Change of Control Payment Date”). Holders electing to have a Note purchased pursuant to a Change of Control Offer will be required to surrender the Note, with
the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed and specifying the portion (equal to $2,000 and integral multiples of $1,000 in excess thereof) of such Holder’s Notes that it agrees to sell
to the Company pursuant to the Change of Control Offer, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day prior to the Change of Control Payment Date. 

(c) The Company will comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder
to the extent those laws and regulations are applicable in connection with the repurchase of the Notes as a result of a Change of Control. To the extent that the provisions of any securities laws or regulations conflict with the provisions of this
Section 4.11, the Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the provisions of this Section 4.11 by virtue of such conflict. 

(d) On the date of such Change of Control Payment, the Company will, to the extent lawful: 

(1) accept for payment all Notes or portions of Notes properly tendered pursuant to the Change of Control Offer; 

(2) deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes
properly tendered; and 
 (3) deliver or cause to be delivered to the Trustee the Notes properly accepted together with an
Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company. 

  
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 (e) The Paying Agent will promptly deliver to each Holder of Notes properly tendered the Change
of Control Payment for such Notes, and the Trustee will promptly authenticate and deliver (or cause to be transferred by book entry) to each Holder a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any;
provided that each new Note will be in a minimum principal amount of $2,000 or an integral multiple of $1,000. The Company will publicly announce the results of the Change of Control Offer on or as soon as practicable after the date of such
Change of Control Payment. 
 (f) The Company will not be required to make a Change of Control Offer upon a Change of Control if a third
party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in the Indenture applicable to a Change of Control Offer made by the Company and purchases all Notes validly tendered and
not withdrawn under such Change of Control Offer. The Company (or a third party) may make a Change of Control Offer in advance of, and conditioned upon, any Change of Control. 

Section 4.12. Subsidiary Guarantees. If any existing or future Domestic Restricted Subsidiary shall, after the Issue Date,
guarantee any Public Debt Securities, then the Company shall cause such Domestic Restricted Subsidiary to: 
 (1) execute and
deliver to the Trustee a supplemental indenture in form reasonably satisfactory to the Trustee pursuant to which such Restricted Subsidiary shall unconditionally guarantee all of the Company’s obligations under the Notes and the Indenture on
the terms set forth in the Indenture; and 
 (2) deliver to the Trustee an Officers’ Certificate and an Opinion of
Counsel that such supplemental indenture has been duly authorized, executed and delivered by such Restricted Subsidiary and constitutes a legal, valid, binding and enforceable obligation of such Restricted Subsidiary. 

Thereafter, such Domestic Restricted Subsidiary shall be a Guarantor for all purposes of the Indenture until such Domestic Restricted
Subsidiary is released from its Guarantee as provided in the Indenture. 
 Section 4.13. Payments for Consent. The Company will
not, and will not permit any of its Restricted Subsidiaries to, directly or indirectly, pay or cause to be paid any consideration to or for the benefit of any Holder of Notes for or as an inducement to any consent, waiver or amendment of any of the
terms or provisions of the Indenture or the Notes unless such consideration is offered to be paid and is paid to all Holders of the Notes that consent, waive or agree to amend in the time frame set forth in the solicitation documents relating to
such consent, waiver or agreement. 
 Section 4.14. Suspension of Covenants. 

(a) During any period of time that: (i) the Notes have Investment Grade Ratings from at least two Rating Agencies and (ii) no Default
or Event of Default has occurred and is continuing (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension Event”), the Company and the
Restricted Subsidiaries shall not be subject to the provisions of Sections 4.03, 4.04, 4.05, 4.06, 4.07, 4.08, 4.12 and 5.01(a)(2) (collectively, the “Suspended Covenants”). 

(b) Upon the occurrence of a Covenant Suspension Event, the Guarantees of the Guarantors, if any, will also be suspended as of such date (the
“Suspension Date”). 

  
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 (c) In the event that the Company and the Restricted Subsidiaries are not subject to the
Suspended Covenants for any period of time as a result of the foregoing, and on any subsequent date (the “Reversion Date”) one or more of the Rating Agencies withdraws its Investment Grade Rating or downgrades the rating assigned to
the notes below an Investment Grade Rating, such that the Notes do not have Investment Grade Ratings from at least two Rating Agencies, then the Company and the Restricted Subsidiaries will thereafter again be subject to the Suspended Covenants with
respect to future events and the Guarantees of the Guarantors will be reinstated if such guarantees are then required by the terms of the Indenture. The period of time between the Suspension Date and the Reversion Date is referred to in the
Indenture as the “Suspension Period.” 
 (d) Notwithstanding that the Suspended Covenants may be reinstated, no Default or
Event of Default will be deemed to have occurred as a result of a failure to comply with the Suspended Covenants during the Suspension Period (or upon termination of the Suspension Period or after that time based solely on events that occurred
during the Suspension Period). 
 (e) On the Reversion Date, all Indebtedness incurred, or Disqualified Capital Stock or Preferred Stock
issued, during the Suspension Period will be classified as having been incurred or issued pursuant to Section 4.05(a) or the definition of “Permitted Indebtedness” (to the extent such Indebtedness or Disqualified Capital Stock or
Preferred Stock would be permitted to be incurred or issued thereunder as of the Reversion Date and after giving effect to Indebtedness incurred or issued prior to the Suspension Period and outstanding on the Reversion Date). To the extent such
Indebtedness or Disqualified Capital Stock or Preferred Stock would not be so permitted to be incurred or issued pursuant to Section 4.05(a) or the definition of “Permitted Indebtedness,” such Indebtedness or Disqualified Capital
Stock or Preferred Stock will be deemed to have been outstanding on the Issue Date, so that it is classified as permitted under clause (3) of the definition of “Permitted Indebtedness.” Calculations made after the Reversion Date of
the amount available to be made as Restricted Payments under Section 4.03 will be made as though under Section 4.03 had been in effect since the Issue Date and throughout the Suspension Period. For the avoidance of doubt, Restricted
Payments made during the Suspension Period shall reduce the amount available to be made as Restricted Payments under Section 4.03(a). No Default or Event of Default shall be deemed to have occurred on the Reversion Date as a result of any
actions taken by the Company or its Restricted Subsidiaries during the Suspension Period. 
 (f) The Company shall deliver promptly to the
Trustee an Officers’ Certificate notifying the Trustee of any Covenant Suspension Event or Reversion Date, as the case may be, pursuant to this Section 4.14, upon which the Trustee may conclusively rely. The Trustee shall have no duty to
inquire or to verify the treatment of the Company’s debt by the Rating Agencies or otherwise to determine the factual basis for the Company’s determination of the occurrence or timing of a Covenant Suspension Event or Reversion Date. The
Company also shall provide notice to the Holders of any Covenant Suspension Event or Reversion Date. 
 ARTICLE 5 

MERGER, CONSOLIDATION, OR SALE OF ASSETS 

The Notes shall not be subject to Section 5.01 of the Base Indenture. In lieu thereof, the Notes shall be subject to the following
provisions of Section 5.01 of this Supplemental Indenture: 
 Section 5.01. Merger, Consolidation, or Sale of
Assets. 
 (a) The Company will not, in a single transaction or series of related transactions, consolidate or merge with or into
any Person, or sell, assign, transfer, lease, convey or otherwise dispose of (or 

  
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cause or permit any Restricted Subsidiary of the Company to sell, assign, transfer, lease, convey or otherwise dispose of) all or substantially all of the Company’s assets (determined on a
consolidated basis for the Company and the Company’s Restricted Subsidiaries) whether as an entirety or substantially as an entirety to any Person unless: 

(1) either: 

(A) the Company shall be the surviving or continuing corporation; or 

(B) the Person (if other than the Company) formed by such consolidation or into which the Company is merged or the Person which
acquires by sale, assignment, transfer, lease, conveyance or other disposition the properties and assets of the Company and of the Company’s Restricted Subsidiaries substantially as an entirety (the “Surviving Entity”): 

(i) shall be an entity organized and validly existing under the laws of the United States or any State thereof or the District
of Columbia; provided that in the case where the Surviving Entity is not a corporation, a co-obligor of the Notes is a corporation; and 

(ii) shall expressly assume, by supplemental indenture (in form and substance satisfactory to the Trustee), executed and
delivered to the Trustee, the due and punctual payment of the principal of, and premium, if any, interest on all of the Notes and the performance of every covenant of the Notes and the Indenture on the part of the Company to be performed or
observed; 
 (2) immediately after giving effect to such transaction and the assumption contemplated by clause
(1)(B)(ii) of this Section 5.01(a) (including giving effect to any Indebtedness and Acquired Indebtedness incurred or anticipated to be incurred in connection with or in respect of such transaction), (A) the Company or such Surviving
Entity, as the case may be, shall be able to incur at least $1.00 of additional Indebtedness (other than Permitted Indebtedness) pursuant to Section 4.05(a) hereof or (B) the applicable Consolidated Fixed Charge Coverage Ratio of the
Company or the Person formed by or surviving any such consolidation or merger (if other than the Company) would be no less than the applicable Consolidated Fixed Charge Coverage Ratio of the Company immediately prior to such transaction; 

(3) immediately before and immediately after giving effect to such transaction and the assumption contemplated by clause
(1)(B)(ii) of this Section 5.01(a) (including, without limitation, giving effect to any Indebtedness and Acquired Indebtedness incurred or anticipated to be incurred and any Lien granted in connection with or in respect of the
transaction), no Default or Event of Default shall have occurred or be continuing; and 
 (4) the Company or the Surviving
Entity shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition and, if a supplemental indenture is
required in connection with such transaction, such supplemental indenture complies with the applicable provisions of the Indenture and that all conditions precedent in the Indenture relating to such transaction have been satisfied. 

  
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 (b) For purposes of the provisions of Section 5.01(a) hereof, the transfer (by lease,
assignment, sale or otherwise, in a single transaction or series of transactions) of all or substantially all of the properties or assets of one or more Restricted Subsidiaries of the Company, in a single or a series of related transactions, which
properties and assets, if held by the Company instead of such Restricted Subsidiaries, would constitute all or substantially all of the properties and assets of the Company on a consolidated basis, shall be deemed to be the transfer of all or
substantially all of the properties and assets of the Company. 
 (c) Notwithstanding clauses (1), (2) and (3) of
Section 5.01(a) hereof, but subject to the proviso in clause (1)(B)(i) of Section 5.01(a), the Company may merge with (x) any of its Wholly Owned Restricted Subsidiaries or (y) an Affiliate that is a Person that has no
material assets or liabilities and which was organized solely for the purpose of reorganizing the Company in another jurisdiction. For the avoidance of doubt, nothing in this Section 5.01 shall prevent the Company or a Restricted Subsidiary
from consummating the Company Conversion. 
 (d) Each Guarantor (other than any Guarantor whose Guarantee is to be released in accordance
with the terms of the Guarantee and the Indenture in connection with any transaction complying with the provisions of Section 4.07 hereof) will not, and the Company will not cause or permit any Guarantor to, consolidate with or merge with or
into any Person other than the Company or any other Guarantor unless: 
 (1) the entity formed by or surviving any such
consolidation or merger (if other than the Guarantor) or to which such sale, lease, conveyance or other disposition shall have been made is a corporation organized and existing under the laws of the United States or any State thereof or the District
of Columbia; 
 (2) such entity assumes by supplemental indenture all of the obligations of the Guarantor on the Guarantee;

 (3) immediately after giving effect to such transaction, no Default or Event of Default shall have occurred and be
continuing; and 
 (4) immediately after giving effect to such transaction and the use of any net proceeds therefrom on a pro
forma basis, the Company could satisfy the provisions of Section 5.01(a)(2) hereof. 
 (e) Any merger or consolidation of a Guarantor
with and into the Company (with the Company being the surviving entity) or another Restricted Subsidiary of the Company that is a Guarantor need only comply with the provisions of Section 5.01(a)(4) hereof. 

ARTICLE 6 
 EVENTS OF DEFAULT 

The Notes shall not be subject to Section 6.01 of the Base Indenture. In lieu thereof, the Notes shall be subject to the following
provisions of Section 6.01 of this Supplemental Indenture: 
 Section 6.01. Events of Default. Any of the following events
shall constitute an event of default (an “Event of Default”): 
 (a) the failure to pay
interest on any Notes when the same becomes due and payable and the default continues for a period of 30 days; 

  
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 (b) the failure to pay the principal on any Notes, when such principal becomes
due and payable, at maturity, upon redemption or otherwise (including the failure to make a payment to purchase Notes tendered pursuant to a Change of Control Offer or a Net Proceeds Offer or the failure to make a Special Mandatory Redemption
Payment) on the date specified for such payment in the applicable offer to purchase or on the Special Mandatory Redemption Date, as applicable; 

(c) a default in the observance or performance of any other covenant or agreement contained in the Indenture which default
continues for a period of 60 days after the Company receives written notice specifying the default (and demanding that such default be remedied) from the Trustee or the Holders of at least 25% of the outstanding principal amount of the Notes (except
(i) in the case of a default with respect to Section 5.01, which will constitute an Event of Default with such notice requirement but without such passage of time requirement and (ii) as otherwise provided in the last paragraph of
Section 4.03 of the Base Indenture); 
 (d) the failure to pay at final maturity (giving effect to any applicable grace
periods and any extensions thereof) the stated principal amount of any Indebtedness of the Company or any Restricted Subsidiary of the Company, or the acceleration of the final stated maturity of any such Indebtedness (which acceleration is not
rescinded, annulled or otherwise cured within 30 days of receipt by the Company or such Restricted Subsidiary of notice of any such acceleration) if the aggregate principal amount of such Indebtedness, together with the principal amount of any other
such Indebtedness in default for failure to pay principal at final stated maturity or which has been so accelerated (in each case with respect to which the 30-day period described above has passed), equals $250.0 million or more at any time; 

(e) one or more judgments in an aggregate amount in excess of $250.0 million shall have been rendered against the Company or
any of its Restricted Subsidiaries and such judgments remain undischarged, unpaid or unstayed for a period of 60 days after such judgment or judgments become final and non-appealable; 

(f) the Company or any of its Restricted Subsidiaries that is a Material Subsidiary or any group of Restricted Subsidiaries of
the Company that, taken together, would constitute a Material Subsidiary pursuant to or within the meaning of Bankruptcy Law: 

(1) commences a voluntary case, 

(2) consents to the entry of an order for relief against it in an involuntary case, 

(3) consents to the appointment of a custodian for it or for all or substantially all of their property, 

(4) makes a general assignment for the benefit of its creditors, or 

(5) an admission by the Company in writing of its inability to pay its debts as they become due; 

(g) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

  
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 (1) is for relief against the Company or any of its Restricted Subsidiaries that
is a Material Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Material Subsidiary in an involuntary case; 

(2) appoints a custodian of the Company or any of its Restricted Subsidiaries that is a Material Subsidiary or any group of
Restricted Subsidiaries of the Company that, taken together, would constitute a Material Subsidiary or for all or substantially all of the property of the Company or any of its Restricted Subsidiaries that is a Material Subsidiary or any group of
Restricted Subsidiaries of the Company that, taken together, would constitute a Material Subsidiary; 
 (3) orders the
liquidation of the Company or any of its Restricted Subsidiaries that is a Material Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Material Subsidiary; and the order or decree remains
unstayed and in effect for 60 consecutive days; or 
 (h) any Guarantee of a Guarantor that is a Material Subsidiary (or
group of Guarantors that would constitute a Material Subsidiary) or any material provision thereof ceases to be in full force and effect or any Guarantee of a Guarantor is declared to be null and void and unenforceable or any Guarantee of a
Guarantor is found to be invalid or any Guarantor denies its liability under its Guarantee (other than by reason of release of a Guarantor in accordance with the terms of the Indenture). 

Section 6.02. Other Amendments. The Notes shall be subject to Section 6.02 through Section 6.11 of the Base Indenture ,
except that the references to “clause (d) or (e) of Section 6.01 hereof” in Section 6.02 of the Base Indenture shall be deemed references to “clause (f) or (g) of Section 6.01” of this
Supplemental Indenture. 
 ARTICLE 7 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 

Section 7.01. Legal Defeasance and Covenant Defeasance. The Notes shall be subject to Article 8 of the Base Indenture, except
that: 
 (a) Section 8.03 of the Base Indenture is amended by replacing the final sentence thereof with the following: “In
addition, upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, Section 6.01(c),
Section 6.01(d), Section 6.01(e) and Section 6.01(h) hereof will not constitute Events of Default with respect to the Notes”. 

(b) Section 8.04(b) and Section 8.04(c) of the Base Indenture are each amended by replacing each instance of the word
“Holders” with the words “beneficial owners.” Section 8.04(e) of the Base Indenture is amended by including “or any of its Restricted Subsidiaries” immediately following each of the last two instances of “the
Company” in such Section 8.04(e). 

  
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 ARTICLE 8 

GUARANTEES 
 Section 8.01. Guarantees.

 (a) Each Guarantor shall jointly and severally, fully, unconditionally and irrevocably guarantee the Notes and obligations of the Company
hereunder and thereunder, and guarantees to each Holder of a Note authenticated and delivered by the Trustee and to the Trustee on behalf of such Holder, that: (i) the principal of and premium, if any, and interest on the Notes shall be paid in
full when due, whether at Stated Maturity, by acceleration, call for redemption or otherwise (including, without limitation, the amount that would become due but for the operation of the automatic stay under Section 362(a) of the Bankruptcy
Code), together with interest on the overdue principal, if any, and interest on any overdue interest to the extent lawful, and all other obligations of the Company to the Holders or the Trustee hereunder or thereunder shall be paid in full or
performed, all in accordance with the terms hereof and thereof; and (ii) in case of any extension of time of payment or renewal of any Notes or of any such other obligations, the same shall be 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. Each of the Guarantees shall be a guarantee of payment and not of collection. 

(b) Each Guarantor shall agree that its obligations hereunder shall be unconditional, irrespective of the validity, regularity or
enforceability of the Notes or the Indenture, the absence of any action to enforce the same, any waiver or consent by any Holder 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 a Guarantor. 
 (c)
Each Guarantor shall waive the benefits of diligence, presentment, demand for 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 or any other
Person, protest, notice and all demands whatsoever and covenants that the Guarantee of such Guarantor shall not be discharged as to any Note except by complete performance of the obligations contained in such Note and such Guarantee or as provided
for in the Indenture. Each of the Guarantors shall agree that, in the event of a default in payment of principal or premium, if any or interest on such Note, whether at its Stated Maturity, by acceleration, call for redemption, purchase or
otherwise, legal proceedings may be instituted by the Trustee on behalf of, or by, the Holder of such Note, subject to the terms and conditions set forth in the Indenture, directly against each of the Guarantors to enforce such Guarantor’s
Guarantee without first proceeding against the Company or any other Guarantor. Each Guarantor agrees that if, after the occurrence and during the continuance of an Event of Default, the Trustee or any of the Holders are prevented by applicable law
from exercising their respective rights to accelerate the maturity of the Notes, to collect interest on the Notes, or to enforce or exercise any other right or remedy with respect to the Notes, such Guarantor shall pay to the Trustee for the account
of the Holders, upon demand therefor, the amount that would otherwise have been due and payable had such rights and remedies been permitted to be exercised by the Trustee or any of the Holders. 

(d) If any Holder or the Trustee is required by any court or otherwise to return to the Company or any Guarantor, or any custodian, trustee,
liquidator or other similar official acting in relation to the Company or any Guarantor, any amount paid by any of them to the Trustee or such Holder, the Guarantee of each of the Guarantors, to the extent theretofore discharged, shall be reinstated
in full force and 

  
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effect. This Section 8.01(d) shall remain effective notwithstanding any contrary action which may be taken by the Trustee or any Holder in reliance upon such amount required to be returned.
This Section 8.01(d) shall survive the termination of the Indenture. 
 (e) Each Guarantor further agrees that, as
between each Guarantor, on the one hand, and the Holders and the Trustee, on the other hand, (x) the maturity of the obligations guaranteed hereby may be accelerated as provided in Article 6 of the Base Indenture (as modified by the provisions
of Section 6.01 and Section 6.02 hereof) for the purposes of the Guarantee of such Guarantor, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the obligations guaranteed hereby, and
(y) in the event of any acceleration of such obligations as provided in Article 6 of the Base Indenture (as modified by the provisions of Section 6.01 and Section 6.02 hereof), such obligations (whether or not due and payable) shall
forthwith become due and payable by each Guarantor for the purpose of the Guarantee of such Guarantor. 
 Section 8.02. Execution
and Delivery of Guarantee. To evidence its Guarantee set forth in Section 8.01 hereof, each Guarantor agrees that a notation of such Guarantee substantially in the form attached hereto as Exhibit B shall be endorsed on each Note
authenticated and delivered by the Trustee. Such notation of Guarantee shall be signed on behalf of such Guarantor by an officer of such Guarantor (or, if an officer is not available, by a board member or director) on behalf of such Guarantor by
manual or facsimile signature. In case the officer, board member or director of such Guarantor who shall have signed such notation of Guarantee shall cease to be such officer, board member or director before the Note on which such Guarantee is
endorsed shall have been authenticated and delivered by the Trustee, such Note nevertheless may be authenticated and delivered as though the Person who signed such notation of Guarantee had not ceased to be such officer, board member or director.

 Each Guarantor agrees that its Guarantee set forth in Section 8.01 hereof shall remain in full force and effect and apply to all the
Notes notwithstanding any failure to endorse on each Note a notation of such Guarantee. The delivery of any Note by the Trustee, after the authentication thereof hereunder, shall constitute due delivery of any Guarantee set forth in the Indenture on
behalf of the Guarantors. 
 Section 8.03. Severability. In case any provision of any Guarantee 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 8.04. Limitation on Guarantors’ Liability. Each Guarantor and by its acceptance hereof each Holder confirms
that it is the intention of all such parties that the Guarantee of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of the Federal Bankruptcy Code, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer
Act or any similar federal or state law or the provisions of its local law relating to fraudulent transfer or conveyance. To effectuate the foregoing intention, the Trustee, the Holders and Guarantors hereby irrevocably agree that the obligations of
such Guarantor under its Guarantee shall be limited to the maximum amount that will not, after giving effect to all other contingent and fixed liabilities of such Guarantor 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 its Guarantee, result in the obligations of such Guarantor under its Guarantee constituting a fraudulent transfer
or conveyance. 
 Section 8.05. Guarantors May Consolidate, Etc., on Certain Terms. Except as otherwise provided in this
Section 8.05, a Guarantor may not sell or otherwise dispose of all or substantially all of its assets, or consolidate with or merge with or into (whether or not such Guarantor is the surviving Person) another Person, other than the Company or
another Guarantor, unless: 

  
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 (a) immediately after giving effect to such transactions, no Default or Event of Default exists;
and 
 (b) either: 

(1) the Person acquiring the property in any such sale or disposition or the Person formed by or surviving any such
consolidation or merger assumes all the obligations of that Guarantor under the Indenture and its Guarantee pursuant to a supplemental indenture satisfactory to the Trustee; or 

(2) the Net Cash Proceeds of any such sale or other disposition of a Guarantor are applied in accordance with the provisions of
Section 4.07 hereof. 
 In case of any such consolidation, merger, sale or conveyance and upon the assumption by the successor Person,
by supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee and the due and punctual performance of all of the covenants and conditions of the Indenture to be performed by the Guarantor,
such successor Person shall succeed to and be substituted for the Guarantor with the same effect as if it had been named herein as a Guarantor. All the Guarantees so issued shall in all respects have the same legal rank and benefit under the
Indenture as the Guarantees theretofore and thereafter issued in accordance with the terms of the Indenture as though all such Guarantees had been issued at the date of the execution hereof. 

Except as set forth in Article 4 and Article 5 of the Base Indenture (as modified by Article 4 hereof and Section 5.01 hereof,
respectively), and notwithstanding clauses (a) and (b) above, nothing contained in the Indenture or in any of the 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. 

Section 8.06. Releases Following Sale of Assets and Other Events. Any Guarantor shall be automatically and unconditionally
released and relieved of any obligations under its Guarantee without any further action on the part of the Trustee or any Holder: 

(a) in connection with any sale or other disposition of all or substantially all of the assets of that Guarantor (including by
way of merger or consolidation) to a Person that is not (either before or after giving effect to such transaction) a Restricted Subsidiary, if sale or other disposition is made in accordance with the provisions of Section 4.07 hereof; 

(b) in connection with any sale of all of the Capital Stock of a Guarantor to a Person that is not (either before or after
giving effect to such transaction) a Restricted Subsidiary, if the sale is made in accordance with the provisions of Section 4.07 hereof; 

(c) in connection with any transaction following which the applicable Guarantor is no longer a Restricted Subsidiary
immediately after giving effect to such transaction if such transaction is made in accordance with Section 4.07; 
 (d)
upon the discharge or release of all guarantees of such Guarantor, and all pledges of property or assets of such Guarantor securing all other Indebtedness of the Company and the Restricted Subsidiaries, which resulted in the creation of such
Guarantee pursuant to Section 4.12; or 

  
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 (e) if the Company exercises its legal defeasance option or covenant defeasance
option pursuant to Sections 8.02 or 8.03 of the Base Indenture (as modified by the provisions of this Supplemental Indenture) or if its obligations under the Indenture are discharged in accordance with the terms of the Indenture. 

Upon delivery to the Trustee of an Officers’ Certificate and an Opinion of Counsel (which may be subject to certain qualifications) to
the effect that such sale or other disposition was made by the Company in accordance with the provisions of the Indenture, including without limitation Section 4.07 and 4.12 hereof, the Trustee shall execute any documents reasonably required in
order to evidence the release of any Guarantor from its obligations under its Guarantee. 
 Any Guarantor not released from its obligations
under its Guarantee shall remain liable for the full amount of principal of and interest on the Notes and for the other obligations of any Guarantor under the Indenture as provided in this Article 8. 

Section 8.07. Release of a Guarantor. Any Guarantor that is designated by the Board of Directors of the Company as an Unrestricted
Subsidiary in accordance with the terms of the Indenture shall, at such time, be deemed automatically and unconditionally released and discharged of its obligations under its Guarantee without any further action on the part of the Trustee or any
Holder. The Trustee shall deliver an appropriate instrument evidencing such release upon receipt of the Company’s request for such release accompanied by an Officers’ Certificate certifying as to the compliance with this Section 8.07.

 Section 8.08. Benefits Acknowledged. Each Guarantor acknowledges that it will receive direct and indirect benefits from the
financing arrangements contemplated by the Indenture and that its guarantee and waivers pursuant to its Guarantee are knowingly made in contemplation of such benefits. 

ARTICLE 9 
 MISCELLANEOUS 

Section 9.01. Sinking Funds. The Notes shall not have the benefit of a sinking fund. 

Section 9.02. Supplemental Indenture. The terms of this Supplemental Indenture may be modified as set forth in Article 9 of the
Base Indenture as provided in such Article 9. 
 Section 9.03. No Guarantees. As of the Issue Date, the Notes will not be
guaranteed by any Subsidiary of the Company or entitled to any guarantee pursuant to Section 4.12. 
 Section 9.04. Confirmation of
Indenture. The Base Indenture, as supplemented and amended by this Supplemental Indenture and all other indentures supplemental thereto, is in all respects ratified and confirmed, and the Base Indenture, this Supplemental Indenture and all
indentures supplemental thereto shall be read, taken and construed as one and the same instrument. 
 Section 9.05.
Counterparts. The parties hereto may sign one or more copies of this Supplemental Indenture in counterparts, all of which together shall constitute one and the same agreement. 

Section 9.06. Governing Law. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK. 

  
 -50- 








 Section 9.07. Waiver of Jury Trial. EACH OF THE COMPANY AND THE TRUSTEE HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS SUPPLEMENTAL INDENTURE, THE NOTES OR THE TRANSACTION CONTEMPLATED HEREBY. 

Section 9.08. Trustee Disclaimer. The Trustee shall have no responsibility for the validity or sufficiency of this Supplemental
Indenture. 
 [the remainder of this page is intentionally left blank] 

  
 -51- 








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

			
	 EQUINIX, INC.,

    as Issuer

		
	By:	 	/s/ Keith D. Taylor
		 	 Name: Keith D. Taylor
 Title: Chief Financial
Officer

	
	 U.S. BANK NATIONAL ASSOCIATION, as Trustee

		
	By:	 	 /s/ Paula M. Oswald

		 	 Name: Paula M. Oswald
 Title: Vice
President



 [Equinix Third Supplemental Indenture] 







 EXHIBIT A 

FORM OF NOTE 
 5.875%
Senior Notes due 2026 
 [Insert the Global Security Legend, if applicable, pursuant to the provisions of the Indenture] 

  
 A-1 








 [Face of Note] 

CUSIP 29444U AQ9 
 5.875% Senior
Notes due 2026 
  

			
	No.                     	  	$                    

 Equinix, Inc. 

promises to pay to Cede & Co. or registered assigns, 

the principal sum of                     DOLLARS on
January 15, 2026. 
 Interest Payment Dates: January 15 and July 15 

Record Dates: January 1 and July 1 
 Dated:
December 4, 2015 
  

			
	Equinix, Inc.
		
	By:	 	 
		 	 Name:
 Title:

		
	By:	 	 
		 	 Name:
 Title:



 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

 

			
	U.S. Bank National Association, Trustee, certifies that this is one of the Notes referred to in the Supplemental Indenture.
		
	By:	 	 
		 	Authorized Signatory


  
 A-2 








 [Back of Note] 

5.875% Senior Notes due 2026 

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

(1) INTEREST. Equinix, Inc., a Delaware corporation (the “Company”), promises to pay interest on the principal
amount of this Note at 5.875% per annum from December 4, 2015 until maturity. The Company will pay interest semi-annually in arrears on January 15 and July 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 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 Note is authenticated between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding
Interest Payment Date; provided further that the first Interest Payment Date shall be July 15, 2016. The Company will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and
premium, if any, from time to time on demand at a rate that is 1% per annum in excess of the rate then in effect to the extent lawful; it will pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
installments of interest (without regard to any applicable grace periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed daily on the basis of a 360-day year of twelve 30-day months. 

(2) METHOD OF PAYMENT. The Company will pay interest on the Notes (except defaulted interest) to the Persons who are registered
Holders of Notes at the close of business on the January 1 or July 1 next preceding the Interest Payment Date, even if such Notes are canceled after such record date and on or before such Interest Payment Date, except as provided in
Section 2.14 of the Base Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium, if any, and interest at the office or agency of the Company maintained for such purpose within or without the City and
State of New York, or, at the option of the Company, payment of interest may be made by check mailed to the Holders at their addresses set forth in the register of Holders; provided that payment by wire transfer of immediately available funds
will be required with respect to principal of and interest, premium on, all Global Notes and all other Notes the Holders of which will have provided wire transfer instructions to the Company or the Paying Agent. 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, 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 the capacity of Paying Agent or Registrar.  

(4) INDENTURE. The Company issued the Notes under an Indenture, dated as of November 20, 2014 (the “Base
Indenture” and, as supplemented by the Supplemental Indenture (as defined below), the “Indenture”), by and between the Company and the Trustee, as supplemented by that certain Third Supplemental Indenture, dated as of
December 4, 2015, by and between the Company and the Trustee (the “Supplemental Indenture”). The terms of this Note include those stated in the Indenture and those made part of the Indenture by reference to the TIA. The Notes
are subject to all such terms, and Holders are referred to the Indenture and such Act for a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture
shall govern and be controlling. The Notes are unsecured obligations of the Company. 

  
 A-3 








 (5) OPTIONAL REDEMPTION. 

(a) Other than as set forth below, the Notes are not redeemable prior to maturity. 

(b) At any time prior to January 15, 2019, the Company may on any one or more occasions redeem up to 35% of the aggregate principal
amount of the Notes (calculated after giving effect to any issuance of Additional Notes) outstanding under the Supplemental Indenture, at a redemption price equal to 105.875% of the principal amount of the Notes to be redeemed, plus accrued and
unpaid interest to, but not including, the redemption date, with the net cash proceeds of one or more Equity Offerings; provided that:  

(1) at least 65% of the aggregate principal amount of the Notes (calculated after giving effect to any issuance of Additional
Notes) issued under the Supplemental Indenture remains outstanding immediately after the occurrence of such redemption (excluding notes held by the Company and its subsidiaries); and 

(2) the redemption must occur within 90 days of the date of the closing of such Equity Offering. 

(c) On or after January 15, 2021, the Company may redeem all or a part of the Notes, on any one or more occasions, at the redemption
prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest thereon, if any, to, but not including, the applicable redemption date, if redeemed during the twelve-month period beginning on January 15 of
the years indicated below: 
  

					
	 Year
	  	Percentage	 
	 2021
	  	 	102.938	% 
	 2022
	  	 	101.958	% 
	 2023
	  	 	100.979	% 
	 2024 and thereafter
	  	 	100.000	% 

 (d) At any time prior to January 15, 2021, the Company may also redeem all or a part of the Notes
at a redemption price equal to 100% of the principal amount of Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest, if any, to, but not including, the date of redemption (the “Redemption Date”), subject
to the rights of Holders of record of Notes on the relevant record date to receive interest due on the relevant Interest Payment Date.  

(e) Any redemption pursuant to this paragraph 5 shall be made pursuant to the provisions of Section 3.01 through Section 3.06 of the
Base Indenture. 
 (f) Any redemption or notice of redemption, may, at the Company’s discretion, be subject to one or more conditions
precedent, including completion of an Equity Offering or other corporate transaction. 
 (6) SPECIAL MANDATORY REDEMPTION. Upon
the occurrence of a Special Mandatory Redemption Event, the Notes will be redeemed in whole at a special mandatory redemption price (the “Special Mandatory Redemption Price”) equal to 100% of the aggregate principal amount of the
Notes, plus accrued and unpaid interest on the principal amount of the Notes to, but not including, the Special Mandatory Redemption Date. Upon the occurrence of a Special Mandatory Redemption Event, the Company shall promptly (but in no event later
than five (5) Business Days following such Special Mandatory Redemption Event) notify the Trustee in writing of such event, and the Trustee will, no later than five (5) Business Days following receipt of such notice from the Company,
notify the Holders (such date of 

  
 A-4 








 
notification to the Holders, the “Redemption Notice Date”), that the Notes will be redeemed on the 30th day following the Redemption Notice Date (such date, the “Special
Mandatory Redemption Date”). The Trustee, upon receipt of the notice specified above, on the Redemption Notice Date will notify each Holder that all of the outstanding Notes will be redeemed at the Special Mandatory Redemption Price on the
Special Mandatory Redemption Date automatically and without any further action by the Holders of the Notes. At or prior to 12:00 p.m. (New York City time) on the Business Day immediately preceding the Special Mandatory Redemption Date, the Company
will irrevocably deposit with the Trustee funds sufficient to pay the Special Mandatory Redemption Price for the Notes (the “Special Mandatory Redemption Payment”). If such deposit is made as provided above, the Notes will cease to
bear interest on and after the Special Mandatory Redemption Date. Other than as specifically provided in this paragraph 6, any redemption pursuant to this paragraph 6 shall be made pursuant to the applicable provisions of Sections 3.01, 3.03, 3.04
and 3.05 of the Base Indenture. 
 (7) REPURCHASE AT THE OPTION OF HOLDER. 

(a) In the event that the Company or a Restricted Subsidiary is required to commence an offer to all Holders to purchase Notes pursuant to
Section 4.07 or 4.11 of the Supplemental Indenture, it will comply with the terms set forth in the Supplemental Indenture, including Section 3.04 thereof. 

(b) If a Change of Control occurs, the Company will be required to make an offer (a “Change of Control Offer”) to each
Holder to repurchase all or any part of such Holder’s Notes at a purchase price in cash equal to 101% of the aggregate principal amount of the Notes repurchased plus accrued and unpaid interest on the Notes repurchased to the date of
repurchase, subject to the rights of Holders on the relevant record date to receive interest due on the relevant Interest Payment Date. Within 30 days following any Change of Control, the Company will deliver a notice to each Holder, with a copy to
the Trustee, setting forth the procedures governing the Change of Control Offer as required by the Indenture. 
 (8) NOTICE
OF REDEMPTION. Notice of redemption will be delivered at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be delivered
more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of the Indenture. Notes in denominations larger than $2,000 may be redeemed in part but only in whole
multiples of $1,000 unless all of the Notes held by a Holder are to be redeemed and provided that any unredeemed portion of a Note is equal to $2,000 or a multiple of $1,000 in excess thereof. On and after the redemption date, interest will
cease to accrue on the Notes or portions thereof called for redemption as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price. 

(9) DENOMINATIONS, TRANSFER, EXCHANGE. The Notes are in registered form without coupons in minimum denominations of $2,000 and
integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and the 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 register the transfer of any Note or portion of a Note selected for
redemption, except for the unredeemed portion of any Note being redeemed in part that is equal to $2,000 or a multiple of $1,000 in excess thereof. Also, the Company need not issue, register the transfer of or exchange any Notes for a period of 15
days before a selection of Notes to be redeemed or during the period between a record date and the next succeeding Interest Payment Date. 

(10) PERSONS DEEMED OWNERS. The registered Holder of a Note may be treated as its owner for all purposes. 

  
 A-5 








 (11) AMENDMENT, SUPPLEMENT AND WAIVER. Subject to certain exceptions, the
Indenture, the Notes or the Guarantees may be amended or supplemented with the consent of the Holders of at least a majority in aggregate principal amount of the then outstanding Notes (including Additional Notes, if any, issued under the
Supplemental Indenture) voting as a single class (including, without limitation, consents obtained in connection with a tender offer or exchange offer for purchase of, the Notes), and any existing Default or Event or Default, other than a Default or
Event of Default in the payment of the principal of, premium, if any, or interest on the Notes (except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of the Indenture, the Notes and the
Guarantees may be waived with the consent of the Holders of a majority in aggregate principal amount of the then outstanding Notes (including Additional Notes, if any, issued under the Supplemental Indenture) voting as a single class (including,
without limitation, consents obtained in connection with a tender offer or exchange offer for purchase of, the Notes). Without the consent of any Holder of Notes, the Indenture, the Notes or the Guarantees may be amended or supplemented to cure any
ambiguity, defect or inconsistency; provide for the assumption by a Surviving Entity of the obligations of the Company under the Indenture; provide for uncertificated Notes in addition to or in place of certificated Notes; add Guarantees with
respect to the Notes or confirm and evidence the release, termination or discharge of any security or Guarantee when such release, termination or discharge is permitted by the Indenture; secure the Notes, add to the covenants of the Company for the
benefit of the holders of the Notes or surrender any right or power conferred upon the Company; make any change that does not adversely affect the rights of any holder of the Notes; comply with any requirement of the Commission in connection with
the qualification of the Indenture under the TIA; provide for the issuance of Additional Notes in accordance with the Supplemental Indenture; evidence and provide for the acceptance of appointment by a successor Trustee; conform the text of the
Indenture or the Notes to any provision of the “Description of notes” of the Prospectus to the extent that such provision in the “Description of notes” of the Prospectus was intended to be a recitation of a provision of the
Indenture or the Notes; or make any amendment to the provisions of the Indenture relating to the transfer and legending of the Notes as permitted by the Indenture, including, without limitation to facilitate the issuance and administration of the
Notes; provided that (i) compliance with the Indenture as so amended would not result in the Notes being transferred in violation of the Securities Act or any applicable securities law and (ii) such amendment does not materially and
adversely affect the rights of Holders to transfer the Notes. 
 (12) DEFAULTS AND REMEDIES. Events of Default with
respect to the Notes include: (i) default for 30 days in the payment when due of interest on, with respect to the Notes; (ii) default in the payment when due (at maturity, upon redemption or otherwise) of the principal on the Notes
(including the failure to make a payment to purchase Notes tendered pursuant to a Change of Control Offer or a Net Proceeds Offer or the failure to make a Special Mandatory Redemption Payment); (iii) failure by the Company for 60 days after
notice to the Company by the Trustee or the Holders of at least 25% in aggregate principal amount of the Notes then outstanding voting as a single class to comply with any of the other covenants or agreements in the Indenture (except (i) in the
case of a default with respect to Section 5.01 of the Supplemental Indenture, which will constitute an Event of Default with such notice requirement but without such passage of time requirement and (ii) as otherwise provided in the last
paragraph of Section 4.03 of the Base Indenture); (iv) the failure to pay at final maturity (giving effect to any applicable grace periods and any extensions thereof) the stated principal amount of any Indebtedness of the Company or any
Restricted Subsidiary of the Company, or the acceleration of the final stated maturity of any such Indebtedness (which acceleration is not rescinded, annulled or otherwise cured within 30 days of receipt by the Company or such Restricted Subsidiary
of notice of any such acceleration) if the aggregate principal amount of such Indebtedness, together with the principal amount of any other such Indebtedness in default for failure to pay principal at final stated maturity or which has been so
accelerated (in each case with respect to which the 30-day period described above has passed), equals $250.0 million or more at any time; (v) failure by the Company to pay final non-appealable judgments entered by a court or courts of competent
jurisdiction against the Company or any Restricted Subsidiary of the Company in  

  
 A-6 








 
amounts aggregating in excess of $250.0 million, which judgments are not paid, discharged or stayed for a period of 60 days; (vi) the Company or any of its Restricted Subsidiaries that is a
Material Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Material Subsidiary, pursuant to or within the meaning of Bankruptcy Law, commences a voluntary case, consents to the entry of an
order for relief against it in an involuntary case, consents to the appointment of a custodian for it or for all or substantially all of its property, makes a general assignment for the benefit of its creditors, or an admission by the Company in
writing of its inability to pay its debts as they become due; (vii) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that is for relief against the Company or any of its Restricted Subsidiaries that is a
Material Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Material Subsidiary in an involuntary case; appoints a custodian of the Company or any of its Restricted Subsidiaries that is a
Material Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Material Subsidiary or for all or substantially all of the property of the Company or any of its Restricted Subsidiaries that is a
Material Subsidiary or any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Material Subsidiary or orders the liquidation of the Company or any of its Restricted Subsidiaries that is a Material Subsidiary or
any group of Restricted Subsidiaries of the Company that, taken together, would constitute a Material Subsidiary and the order or decree remains unstayed and in effect for 60 consecutive days; or (viii) any Guarantee of a Guarantor that is a
Material Subsidiary (or group of Guarantors that would constitute a Material Subsidiary) or any material provision thereof ceases to be in full force and effect or any Guarantee of a Guarantor is declared to be null and void and unenforceable or any
Guarantee of a Material Subsidiary is found to be invalid or any Guarantor denies its liability under its Guarantee (other than by reason of release of a Guarantor in accordance with the terms of the Indenture). 

If any Event of Default with respect to outstanding Notes occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate
principal amount of the then outstanding Notes may declare the principal of, and accrued and unpaid interest on all the Notes to be due and payable by notice in writing to the Company and the Trustee specifying the respective Event of Default and
that it is a “notice of acceleration” and the same shall be immediately due and payable. 
 Notwithstanding the foregoing, in the
case of an Event of Default arising from certain events of bankruptcy or insolvency occurring with respect to the Company, all unpaid principal of and accrued and unpaid interest on all of the outstanding Notes will become due and payable
immediately without further action or notice. Holders may not enforce the Indenture or the Notes except as provided in the Indenture. Subject to certain limitations, Holders of a majority in aggregate principal amount of the then outstanding Notes
may direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of the Notes notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal or
interest or premium, if any) if it determines that withholding notice is in their interest. The Holders of a majority in aggregate principal amount of the then outstanding Notes by notice to the Trustee may, on behalf of the Holders, rescind an
acceleration or waive any existing Default or Event of Default and its consequences under the Indenture except a continuing Default or Event of Default in the payment of interest or premium, if any, on, or the principal of, the Notes. The Company is
required to deliver to the Trustee annually a statement regarding compliance with the Indenture, and the Company is required, within five Business Days of any Officer becoming aware of any Default or Event of Default, to deliver to the Trustee a
statement specifying such Default or Event of Default. 
 (13) TRUSTEE DEALINGS WITH THE COMPANY. The Trustee, in its
individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with the Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. 

  
 A-7 








 (14) NO RECOURSE AGAINST OTHERS. No past, present or future director, officer,
employee, incorporator, agent, stockholder or Affiliate of the Company, as such, shall have any liability for any obligations of the Company under the Notes or under the Indenture or for any claim based on, in respect of, or by reason of, such
obligations or their creation. No past, present or future director, officer, employee, incorporator, agent, stockholder or Affiliate of any of the Guarantors, as such, shall have any liability for any obligations of the Guarantors under any
Guarantees or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of Notes by accepting a Note waives and releases all such liabilities. The waiver and release are part of the
consideration for the issuance of the Notes and any Guarantees. 
 (15) AUTHENTICATION. This Note will 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 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 Notes or as contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 

(18) GOVERNING LAW. THE INTERNAL LAW OF THE STATE OF NEW YORK WILL GOVERN AND BE USED TO CONSTRUE THE INDENTURE AND THIS NOTE
WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

The Company will furnish to any Holder upon written request and without charge a copy of the Indenture. Requests may be made to: 

Equinix, Inc. 
 One Lagoon Drive,
Fourth Floor 
 Redwood City, CA 94065 

Attention: Chief Financial Officer 

  
 A-8 








 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 
  

	
	(I) or (we) assign and transfer this Note
to:                                        
                                         
                                         
                                         
            
	                                      
                                         
                                     (Insert assignee’s
legal name)

  
  

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

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

	
	and irrevocably
appoint                                        
                                         
                                         
                                         
                                         
        

 to transfer this 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 Note)



 Signature
Guarantee*:                                       
   
  

	*	PARTICIPANT IN A RECOGNIZED SIGNATURE GUARANTEE MEDALLION PROGRAM (OR OTHER SIGNATURE GUARANTOR ACCEPTABLE TO THE TRUSTEE). 


  
 A-9 








 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.07 (Asset Sale Offer) or Section 4.11 (Change
of Control Offer) of the Supplemental Indenture, check the appropriate box below: 

 ̈  Section 4.07
     ̈  Section 4.11 
 If you want to elect to have only
part of the Note purchased by the Company pursuant to Section 4.07 or Section 4.11 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 Note)

	
	
Tax Identification No.:                    
                                       




 Signature
Guarantee*:                              

 

	*	PARTICIPANT IN A RECOGNIZED SIGNATURE GUARANTEE MEDALLION PROGRAM (OR OTHER SIGNATURE GUARANTOR ACCEPTABLE TO THE TRUSTEE). 


  
 A-10 








 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL NOTE* 

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

									
	 Date of Exchange
	 	 Amount of decrease

in Principal
 Amount of
this
 Global Note
	 	 Amount of increase

in Principal
 Amount of
this
 Global Note
	  	 Principal Amount of

this Global Note
 following
such
 decrease
 (or
increase)
	  	 Signature of

authorized officer of

Trustee or Custodian


  

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


  
 A-11 








 EXHIBIT B 

FORM OF NOTATIONAL GUARANTEE 

The Guarantor listed below (hereinafter referred to as the “Guarantor,” which term includes any successors or assigns
under that certain Indenture, dated as of November 20 2014, by and between Equinix, Inc. (the “Company”) and the Trustee (as supplemented by that certain Third Supplemental Indenture, dated as of December 4, 2015, by and
between the Company and the Trustee (the “Supplemental Indenture”), and as further amended and supplemented from time to time, the “Indenture”)), has guaranteed the Company’s 5.875% Senior Notes due 2026 (the
“Notes”) and the obligations of the Company under the Indenture, which include (i) the due and punctual payment of the principal of, premium, if any, and interest on the Notes, whether at stated maturity, by acceleration or
otherwise, the due and punctual payment of interest on the overdue principal and premium, if any, and (to the extent permitted by law) interest on any interest, if any, on the Notes, 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 set forth in Article 8 of the Supplemental Indenture, (ii) in case of any extension of time of payment or renewal of any Notes or any 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, and (iii) the payment of any and all costs and expenses (including
reasonable attorneys’ fees) incurred by the Trustee or any Holder in enforcing any rights under this Guarantee or the Indenture. 

The obligations of each Guarantor to the Holders and to the Trustee pursuant to this Guarantee and the Indenture are expressly set forth in
Article 8 of the Supplemental Indenture and reference is hereby made to such Indenture for the precise terms of this Guarantee. 
 No
stockholder, employee, officer, director or incorporator, as such, past, present or future of each Guarantor shall have any liability under this Guarantee by reason of his or its status as such stockholder, employee, officer, director or
incorporator. 
 This is a continuing Guarantee and shall remain in full force and effect and shall be binding upon each Guarantor and its
successors and assigns until full and final payment of all of the Company’s obligations under the Notes and Indenture or until released in accordance with the Indenture and shall inure to the benefit of the successors and assigns of the Trustee
and the Holders, and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges herein conferred upon that party shall automatically extend to and be vested in such transferee or assignee, all
subject to the terms and conditions hereof. This is a Guarantee of payment and not of collection. 
 This Guarantee shall not be valid or
obligatory for any purpose until the certificate of authentication on the Note upon which this Guarantee is noted shall have been executed by the Trustee under the Indenture by the manual or facsimile signature of one of its authorized officers. The
Obligations of each Guarantor under its Guarantee shall be limited to the extent necessary to ensure that it does not constitute a fraudulent conveyance under applicable law. 

  
 B-1 








 THE TERMS OF ARTICLE 8 OF THE SUPPLEMENTAL INDENTURE ARE INCORPORATED HEREIN BY REFERENCE. 

Capitalized terms used herein have the same meanings given in the Indenture unless otherwise indicated. 

Dated as of
                         
  

			
	[GUARANTOR]
		
	By:	 	  

	Name:	 	
	Title:	 	



  
 B-2