Document:

EX-4.4

 Exhibit 4.4 

EXECUTION VERSION 

INDENTURE 

Dated as of February 5, 2015 
  

 

ONEMAIN FINANCIAL ISSUANCE TRUST 2015-1 

Series 2015-1 Asset-Backed Notes 
  

 
 among 

ONEMAIN FINANCIAL ISSUANCE TRUST 2015-1, 

as Issuer, 

ONEMAIN FINANCIAL, INC., 

as Servicer, 

WELLS FARGO BANK, N.A., 

as Issuer Loan Trustee, 

WELLS FARGO BANK, N.A., 

as Indenture Trustee, 
 and 

WELLS FARGO BANK, N.A., 

as Account Bank 
  

 

 TABLE OF CONTENTS 

 

									
	 	 	 	    	 	  	Page	 
	ARTICLE I	  
	
	Definitions	  
				
		 	 Section 1.01
	    	Definitions	  	 	3	  
	
	ARTICLE II	  
	
	The Notes	  
				
		 	 Section 2.01
	    	Form Generally	  	 	3	  
		 	 Section 2.02
	    	Denominations	  	 	3	  
		 	 Section 2.03
	    	Execution, Authentication and Delivery	  	 	3	  
		 	 Section 2.04
	    	Book-Entry Notes	  	 	4	  
		 	 Section 2.05
	    	Registration of and Limitations on Transfer and Exchange of Notes; Appointment of Note Registrar	  	 	5	  
		 	 Section 2.06
	    	Mutilated, Destroyed, Lost or Stolen Notes	  	 	11	  
		 	 Section 2.07
	    	Persons Deemed Owners	  	 	11	  
		 	 Section 2.08
	    	Cancellation	  	 	12	  
		 	 Section 2.09
	    	Notices to Clearing Agency	  	 	12	  
		 	 Section 2.10
	    	Definitive Notes	  	 	12	  
		 	 Section 2.11
	    	CUSIP Numbers	  	 	13	  
	
	ARTICLE III	  
	
	Representations And Covenants Of Issuer And The Issuer Loan Trustee	  
				
		 	 Section 3.01
	    	Payment of Principal and Interest	  	 	13	  
		 	 Section 3.02
	    	Maintenance of Office or Agency	  	 	14	  
		 	 Section 3.03
	    	Money for Note Payments to Be Held in Trust	  	 	14	  
		 	 Section 3.04
	    	Existence	  	 	14	  
		 	 Section 3.05
	    	Protection of Trust	  	 	15	  
		 	 Section 3.06
	    	Opinions as to Trust Estate	  	 	15	  
		 	 Section 3.07
	    	Performance of Obligations; Servicing of Loans	  	 	15	  
		 	 Section 3.08
	    	Negative Covenants	  	 	16	  
		 	 Section 3.09
	    	Statements as to Compliance	  	 	17	  
		 	 Section 3.10
	    	Issuer’s Name, Location, etc	  	 	17	  
		 	 Section 3.11
	    	Amendments	  	 	17	  
		 	 Section 3.12
	    	No Borrowing	  	 	18	  
		 	 Section 3.13
	    	Guarantees, Loans, Advances and Other Liabilities	  	 	18	  
		 	 Section 3.14
	    	Tax Treatment	  	 	18	  
		 	 Section 3.15
	    	Notice of Events of Default	  	 	19	  
		 	 Section 3.16
	    	No Other Business	  	 	20	  

  
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	 	 	 	    	 	  	Page	 
		 	 Section 3.17
	    	Further Instruments and Acts	  	 	20	  
		 	 Section 3.18
	    	Maintenance of Separate Existence	  	 	20	  
		 	 Section 3.19
	    	Perfection Representations, Warranties and Covenants	  	 	20	  
		 	 Section 3.20
	    	Other Representations of the Issuer	  	 	20	  
		 	 Section 3.21
	    	Other Representations of the Issuer Loan Trustee	  	 	20	  
		 	 Section 3.22
	    	Compliance with Laws	  	 	22	  
	
	ARTICLE IV	  
	
	Satisfaction And Discharge	  
				
		 	 Section 4.01
	    	Satisfaction and Discharge of this Indenture	  	 	22	  
		 	 Section 4.02
	    	Application of Trust Money	  	 	23	  
	
	ARTICLE V	  
	
	Defaults And Remedies	  
				
		 	 Section 5.01
	    	Early Amortization Events	  	 	23	  
		 	 Section 5.02
	    	Events of Default	  	 	23	  
		 	 Section 5.03
	    	Acceleration of Maturity; Rescission and Annulment	  	 	25	  
		 	 Section 5.04
	    	Collection of Indebtedness and Suits for Enforcement by Indenture Trustee	  	 	26	  
		 	 Section 5.05
	    	Remedies; Priorities	  	 	28	  
		 	 Section 5.06
	    	Optional Preservation of the Trust Estate	  	 	29	  
		 	 Section 5.07
	    	Limitation on Suits	  	 	30	  
		 	 Section 5.08
	    	Unconditional Rights of Noteholders to Receive Principal and Interest	  	 	30	  
		 	 Section 5.09
	    	Restoration of Rights and Remedies	  	 	31	  
		 	 Section 5.10
	    	Rights and Remedies Cumulative	  	 	31	  
		 	 Section 5.11
	    	Delay or Omission Not Waiver	  	 	31	  
		 	 Section 5.12
	    	Control by Noteholders	  	 	31	  
		 	 Section 5.13
	    	Waiver of Past Defaults	  	 	32	  
		 	 Section 5.14
	    	Undertaking for Costs	  	 	32	  
		 	 Section 5.15
	    	Waiver of Stay or Extension Laws	  	 	32	  
		 	 Section 5.16
	    	Action on Notes	  	 	32	  
		 	 Section 5.17
	    	Sale of Loans	  	 	33	  
		 	 Section 5.18
	    	Performance and Enforcement of Certain Obligations	  	 	33	  
	
	ARTICLE VI	  
	
	The Indenture Trustee	  
				
		 	 Section 6.01
	    	Duties of the Indenture Trustee	  	 	34	  
		 	 Section 6.02
	    	Notice of Early Amortization Event or Event of Default	  	 	36	  
		 	 Section 6.03
	    	Certain Matters Affecting the Indenture Trustee	  	 	36	  
		 	 Section 6.04
	    	Not Responsible for Recitals or Issuance of Notes	  	 	39	  
		 	 Section 6.05
	    	Indenture Trustee May Hold Notes	  	 	39	  

  
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	 	 	 	    	 	  	Page	 
		 	 Section 6.06
	    	Money Held in Trust	  	 	39	  
		 	 Section 6.07
	    	Compensation, Reimbursement and Indemnification	  	 	39	  
		 	 Section 6.08
	    	Replacement of Indenture Trustee	  	 	40	  
		 	 Section 6.09
	    	Successor Indenture Trustee by Merger	  	 	42	  
		 	 Section 6.10
	    	Appointment of Co-Indenture Trustee or Separate Indenture Trustee	  	 	42	  
		 	 Section 6.11
	    	Eligibility; Disqualification	  	 	43	  
		 	 Section 6.12
	    	Representations and Warranties of the Indenture Trustee	  	 	44	  
		 	 Section 6.13
	    	Execution of Transaction Document	  	 	44	  
		 	 Section 6.14
	    	Rule 15Ga-1 Compliance	  	 	44	  
		 	 Section 6.15
	    	Performance Support Agreement	  	 	45	  
	
	ARTICLE VII	  
	
	Noteholders’ List And Reports	  
				
		 	 Section 7.01
	    	Issuer to Furnish Indenture Trustee Names and Addresses of Noteholders	  	 	45	  
		 	 Section 7.02
	    	Preservation of Information; Communications to Noteholders	  	 	45	  
	
	ARTICLE VIII	  
	
	Allocation And Application Of Collections	  
				
		 	 Section 8.01
	    	Collection of Money	  	 	46	  
		 	 Section 8.02
	    	Establishment of the Note Accounts	  	 	46	  
		 	 Section 8.03
	    	Collections and Allocations	  	 	48	  
		 	 Section 8.04
	    	Rights of Noteholders	  	 	49	  
		 	 Section 8.05
	    	Release of Trust Estate	  	 	49	  
		 	 Section 8.06
	    	Application of Available Funds and the Reserve Account Draw Amount	  	 	51	  
		 	 Section 8.07
	    	Loan Actions	  	 	54	  
		 	 Section 8.08
	    	Optional Redemption of the Notes	  	 	55	  
		 	 Section 8.09
	    	Distributions and Payments to Noteholders	  	 	56	  
		 	 Section 8.10
	    	Reports and Statements to Noteholders	  	 	56	  
	
	ARTICLE IX	  
	
	Supplemental Indentures	  
				
		 	 Section 9.01
	    	Supplemental Indentures Without Consent of Noteholders	  	 	57	  
		 	 Section 9.02
	    	Supplemental Indentures With Consent of Noteholders	  	 	58	  
		 	 Section 9.03
	    	Execution of Supplemental Indentures	  	 	59	  
		 	 Section 9.04
	    	Effect of Supplemental Indenture	  	 	60	  
		 	 Section 9.05
	    	Reference in Notes to Supplemental Indentures	  	 	60	  
		 	 Section 9.06
	    	Modification of Obligations of Owner Trustee	  	 	60	  

  
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	 	 	 	    	 	  	Page	 
	ARTICLE X	  
	
	Termination	  
				
		 	 Section 10.01
	    	Termination of Indenture	  	 	60	  
		 	 Section 10.02
	    	Final Distribution	  	 	60	  
	
	ARTICLE XI	  
	
	Miscellaneous	  
				
		 	 Section 11.01
	    	Compliance Certificates	  	 	61	  
		 	 Section 11.02
	    	Form of Documents Delivered to Indenture Trustee	  	 	62	  
		 	 Section 11.03
	    	Acts of Noteholders	  	 	62	  
		 	 Section 11.04
	    	Notices, etc	  	 	63	  
		 	 Section 11.05
	    	Notices to Noteholders; Waiver	  	 	63	  
		 	 Section 11.06
	    	Effect of Headings and Table of Contents	  	 	64	  
		 	 Section 11.07
	    	Successors and Assigns	  	 	64	  
		 	 Section 11.08
	    	Severability	  	 	64	  
		 	 Section 11.09
	    	Binding Effect; Third Party Beneficiaries	  	 	64	  
		 	 Section 11.10
	    	Governing Law; Submission to Jurisdiction; Waiver of Jury Trial	  	 	64	  
		 	 Section 11.11
	    	Counterparts	  	 	65	  
		 	 Section 11.12
	    	Recording of Indenture	  	 	65	  
		 	 Section 11.13
	    	Inspection	  	 	65	  
		 	 Section 11.14
	    	Trust Obligation	  	 	65	  
		 	 Section 11.15
	    	Limitation of Liability of Owner Trustee and Issuer Loan Trustee	  	 	66	  
		 	 Section 11.16
	    	No Bankruptcy Petition; Disclaimer and Subordination	  	 	67	  
		 	 Section 11.17
	    	Tax Matters; Administration of Transfer Restrictions	  	 	67	  
		 	 Section 11.18
	    	Limited Recourse	  	 	68	  
		 	 Section 11.19
	    	Nature of Noteholders’ Claims	  	 	68	  

  

					
	 EXHIBITS & SCHEDULES
	  	
			
	 Exhibit A
	  	Forms of Class [A][B][C][D] Notes	  	
	 Exhibit B
	  	Forms of Transfer Certificates	  	
	 Exhibit C
	  	Form of Monthly Servicer Report	  	
	 Exhibit D
	  	Rule 15Ga-1 Information	  	
	 Schedule I
	  	Perfection Representations, Warranties and Covenants	  	

  
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 This INDENTURE, dated as of February 5, 2015 (herein, as amended, modified or supplemented
from time to time as permitted hereby, called this “Indenture”), among OneMain Financial Issuance Trust 2015-1, a statutory trust created under the laws of the State of Delaware (the “Issuer”), OneMain Financial,
Inc., a Delaware corporation, as servicer, (in such capacity, the “Servicer”), Wells Fargo Bank, N.A., a national banking association, not in its individual capacity but solely as loan trustee for the benefit of the Issuer (in such
capacity, the “Issuer Loan Trustee”), Wells Fargo Bank, N.A., a national banking association, as indenture trustee (in such capacity, the “Indenture Trustee”) and Wells Fargo Bank, N.A., a national banking
association, as account bank (in such capacity, the “Account Bank”). The Issuer Loan Trustee is an owner and pledgor of legal title to the Loans (as defined below) pledged under this Indenture. 

PRELIMINARY STATEMENT 

The Issuer has duly authorized the execution and delivery of this Indenture to provide for asset-backed notes (the “Notes”)
as provided in this Indenture. 
 The Issuer and the Issuer Loan Trustee for the benefit of the Issuer, through this Indenture, wish to
provide security for such obligations to the extent and as provided herein. All covenants and agreements made by the Issuer and the Issuer Loan Trustee herein are for the benefit and security of the Indenture Trustee and the Noteholders. 

The Issuer and the Issuer Loan Trustee for the benefit of the Issuer are entering into this Indenture, and the Indenture Trustee is accepting
the trusts created hereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. All things necessary have been done to make the Notes, when executed by the Issuer and authenticated and delivered by the
Indenture Trustee hereunder and duly issued by the Issuer, the valid obligations of the Issuer, and to make this Indenture a valid agreement of the Issuer and the Issuer Loan Trustee for the benefit of the Issuer, in accordance with their and its
terms. 
 Simultaneously with the delivery of this Indenture, the Issuer and the Issuer Loan Trustee for the benefit of the Issuer are
entering into the Sale and Servicing Agreement pursuant to which (a) the Depositor and the Depositor Loan Trustee for the benefit of the Depositor will convey to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer all of their
respective right, title and interest in, to and under the Loans and (b) the Servicer will agree to service the Loans and make collections thereon. 

GRANTING CLAUSES 
 To
secure the Issuer’s obligations under the Notes, the Issuer and, with respect to the legal title to the Loans, the Issuer Loan Trustee, hereby Grant to the Indenture Trustee, for the benefit of the Indenture Trustee and the Noteholders, all of
their respective right, title and interest, whether now owned or hereafter acquired, in, to and under the following: 
 (i) the Loans,
whether now existing or hereafter acquired, and all rights to payment and amounts due or to become due with respect to all of the foregoing and the other Sold Assets; 

 (ii) all money, instruments, investment property and other property (together with all earnings,
dividends, distributions, income, issues and profits relating thereto) distributed or distributable in respect of the Loans; 
 (iii) the
Note Accounts and all Eligible Investments and all money, investment property, instruments and other property from time to time on deposit in or credited to the Note Accounts, together with all earnings, dividends, distributions, income, issues and
profits relating thereto; 
 (iv) all rights, remedies, powers, privileges and claims of the Issuer and the Issuer Loan Trustee for the
benefit of the Issuer under or with respect to the Sale and Servicing Agreement, the Loan Purchase Agreement and each other Transaction Document (whether arising pursuant to the terms of the Sale and Servicing Agreement, the Loan Purchase Agreement
or any other Transaction Document or otherwise available to the Issuer and the Issuer Loan Trustee at law or in equity) in respect of the Loans, including, without limitation, the rights of the Issuer and the Issuer Loan Trustee for the benefit of
the Issuer to enforce the Sale and Servicing Agreement, the Loan Purchase Agreement or any other Transaction Document, and to give or withhold any and all consents, requests, notices, directions, approvals, extensions or waivers under or with
respect to the Sale and Servicing Agreement, the Loan Purchase Agreement or any other Transaction Document to the same extent as the Issuer and the Issuer Loan Trustee could but for the assignment and security interest granted hereunder; 

(v) all proceeds of any credit insurance policies or collateral protection insurance policies relating to any Loans, to the extent of the
applicable Seller’s interest therein; 
 (vi) all accounts, chattel paper, deposit accounts, documents, general intangibles, goods,
instruments, investment property, letter-of-credit rights, letters of credit, money, and supporting obligations, consisting of, arising from, purporting to secure, or relating to, any of the foregoing; 

(vii) all present and future claims, demands, causes and chose in action in respect of any or all of the foregoing and all payments on or
under and all proceeds of every kind and nature whatsoever in respect of any or all of the foregoing, including all proceeds, products, rents, receipts or profits of the conversion, voluntary or involuntary, into cash or other property, all cash and
non-cash proceeds, and other property consisting of, arising from or relating to all or any part of any of the foregoing or any proceeds thereof; and 

(viii) all proceeds of the foregoing. 

The property described in the preceding sentence shall constitute the “Trust Estate”; provided, however, that
the Trust Estate shall not include, and the lien of this Indenture shall not extend to, any assets or amounts released from the Lien of this Indenture in accordance with the express terms hereof. 

Such Grants are made in trust to secure the Notes equally and ratably without prejudice, priority or distinction between any Note and any
other Notes of the same Class. 

  
 2 

 The Indenture Trustee, as Indenture Trustee on behalf of the Noteholders, acknowledges such Grant
and accepts the trusts hereunder in accordance with the provisions hereof. 
 LIMITED RECOURSE 

The obligations of the Issuer to make payments of principal of and interest on the Notes are limited recourse obligations of the Issuer that
are secured solely by and are payable solely from the related Trust Estate and only to the extent proceeds and distributions on such Trust Estate are allocated for their benefit under the terms of this Indenture. The holders of the Notes shall have
no recourse to any other assets of the Issuer. In the event the Trust Estate has been exhausted and any of the Notes have not been paid in full, then any and all amounts that are still due on such Notes shall be extinguished and shall not revive,
and such Notes shall be canceled. 
 ARTICLE I 

DEFINITIONS 

Section 1.01 Definitions. Certain capitalized terms in this Indenture are defined in, and shall have the respective meanings
assigned to them in, Part A of Schedule II (together with Part B of such Schedule II, the “Definitions Schedule”) to the Sale and Servicing Agreement of even date herewith among OneMain Financial Funding III, LLC, as the Depositor,
Wells Fargo Bank, N.A., not in its individual capacity, but solely as loan trustee for the benefit of the Depositor (the “Depositor Loan Trustee”), the Servicer, the Subservicers party thereto, the Issuer and the Issuer Loan
Trustee. The rules of construction set forth in Part B of the Definitions Schedule shall be applicable to this Indenture. 
 ARTICLE II

 THE NOTES 

Section 2.01 Form Generally. The Notes shall be designated as the “OneMain Financial Issuance Trust 2015-1
Notes.” The Notes shall be in substantially the form attached as Exhibit A hereto. Except as otherwise expressly provided herein, the Notes will be issued in fully registered form only and shall be numbered serially for identification. The
terms of the Notes set forth in Exhibit A to this Indenture are part of the terms of this Indenture. The Notes shall be typewritten, word processed, printed, lithographed, engraved or produced by any combination of these methods, all as determined
by the officers executing such Notes, as evidenced by their execution of such Notes. 
 Section 2.02 Denominations. The Notes
shall be issued in fully registered form in minimum amounts of $100,000 and in integral multiples of $1,000 in excess thereof. 

Section 2.03 Execution, Authentication and Delivery. Each Note shall be executed by manual or facsimile signature on behalf of the
Issuer by an Authorized Officer of the Issuer. 

  
 3 

 Notes bearing the manual or facsimile signature of an individual who was, at the time when such
signature was affixed, authorized to sign on behalf of the Issuer shall not be rendered invalid, notwithstanding the fact that such individual ceased to be so authorized prior to the authentication and delivery of such Notes or does not hold such
office at the date of issuance of such Notes. 
 On the Closing Date, the Indenture Trustee shall, upon Issuer Order, authenticate and
deliver Class A Notes for original issue in an aggregate principal amount of $899,300,000, Class B Notes for original issue in an aggregate principal amount of $125,000,000, Class C Notes for original issue in an aggregate principal amount of
$72,920,000 and Class D Notes for original issue in an aggregate principal amount of $131,940,000. At any time and from time to time after the execution and delivery of this Indenture, the Issuer may deliver Notes executed by the Issuer to the
Indenture Trustee for authentication and delivery, and the Indenture Trustee, upon Issuer Order, shall authenticate and deliver such Notes as provided in this Indenture and not otherwise. 

No Note shall be entitled to any benefit under this Indenture or be valid or obligatory for any purpose, unless there appears on such Note a
certificate of authentication, substantially in the form provided for herein, executed by or on behalf of the Indenture Trustee by the manual signature of a duly authorized signatory, and such certificate upon any Note shall be conclusive evidence,
and the only evidence, that such Note has been duly authenticated and delivered hereunder. 
 Section 2.04 Book-Entry Notes. The
Notes, upon original issuance, shall be issued in the form of one or more Notes representing the Book-Entry Notes, to be delivered to the Indenture Trustee as custodian for the Clearing Agency on behalf of the Issuer. The Notes shall initially be
registered on the Note Register in the name of the Clearing Agency of its nominee, and no Beneficial Owner will receive a Definitive Note representing such Beneficial Owner’s interest in such Note, except as provided in Section 2.10.
Unless and until Definitive Notes have been issued to the applicable Beneficial Owners pursuant to Section 2.10: 
 (a)
the provisions of this Section 2.04 shall be in full force and effect; 
 (b) the Issuer, the Depositor, the Note
Registrar and the Indenture Trustee shall be entitled to communicate directly with the Clearing Agency and the Clearing Agency Participants for all purposes of this Indenture (including distributions) as the authorized representatives of the
Beneficial Owners of the Notes; 
 (c) to the extent that the provisions of this Section 2.04 conflict with any other
provisions of this Indenture, the provisions of this Section 2.04 shall control; 
 (d) the rights of Beneficial Owners
shall be exercised only through the Clearing Agency and the applicable Clearing Agency Participants and shall be limited to those established by law and agreements between such owners and the Clearing Agency and/or the Clearing Agency Participants.
Unless and until Definitive Notes of such Class are issued pursuant to Section 2.10, the initial Clearing Agency shall make book-entry transfers among the Clearing Agency Participants and receive and transmit distributions

  
 4 

 
of principal and interest on the related Notes to such Clearing Agency Participants and, without limiting the Issuer’s or the Indenture Trustee’s duties and obligations set forth
elsewhere herein, neither the Issuer nor the Indenture Trustee shall have any responsibility therefor; and 
 (e) whenever
this Indenture requires or permits actions to be taken based upon instructions or directions of Holders of Notes evidencing a specified percentage of the Aggregate Note Principal Balance, the Class A Note Balance, Class B Note Balance, Class C
Note Balance or the Class D Note Balance, as applicable, the Clearing Agency shall be deemed to represent such percentage with respect to the Notes only to the extent that it has received instructions to such effect from Beneficial Owners and/or
Clearing Agency Participants owning or representing, respectively, such required percentage of the beneficial interest in such Notes and has delivered such instructions to the Indenture Trustee. For the avoidance of doubt, irrespective of whether
such Clearing Agency has received such instructions, the determination as to whether such Clearing Agency has received such instructions and the determination as to whether any Note is “Outstanding” shall be made in accordance with the
definition thereof. 
 None of the Issuer, the Indenture Trustee or the Note Registrar shall have any liability for any aspect of the
records relating to or payments made on account of beneficial ownership interests in the Book-Entry Notes or for maintaining, supervising or reviewing any records relating to beneficial ownership interests or transfers thereof. 

Except as provided in the next succeeding paragraph of this Section 2.04, the rights of Beneficial Owners with respect to the Book-Entry
Notes shall be limited to those established by law and agreements between such Beneficial Owners and the Clearing Agency and Clearing Agency Participants. Except as provided in Section 2.10 hereof, Beneficial Owners shall not be entitled to
Definitive Notes in exchange for the Book-Entry Notes as to which they are the Beneficial Owners. Requests and directions from, and votes of, the Clearing Agency as Holder of the Notes shall not be deemed inconsistent if they are made with respect
to different Beneficial Owners. The Indenture Trustee may establish a reasonable record date in connection with solicitations of consents from, or voting by, Noteholders and give notice to the Clearing Agency of such record date. Other than pursuant
to Section 2.10, without the consent of the Issuer and the Indenture Trustee, no Book-Entry Note may be transferred by the Clearing Agency except to a successor Clearing Agency that agrees to hold such Note for the account of the Beneficial
Owners. 
 The Depository Trust Company shall be the initial Clearing Agency. In the event that The Depository Trust Company resigns or is
removed as Clearing Agency, the Indenture Trustee may designate a successor Clearing Agency. If no successor Clearing Agency has been designated within thirty (30) days of the effective date of the Clearing Agency’s resignation or removal,
each Beneficial Owner shall be entitled to Definitive Notes representing the Notes it beneficially owns in the manner prescribed in Section 2.10. 

Section 2.05 Registration of and Limitations on Transfer and Exchange of Notes; Appointment of Note Registrar. (a) The
Indenture Trustee shall act as, or shall appoint, a note registrar (in such capacity, the “Note Registrar”) that shall provide for the registration of 

  
 5 

 
Notes, and transfers and exchanges of Notes as herein provided. The Note Registrar shall initially be the Indenture Trustee and any co-note registrar chosen by the Indenture Trustee and
acceptable to the Issuer. The Note Registrar shall keep a register (the “Note Register”) in which, subject to such reasonable regulations as it may prescribe, the registration of Notes and the registration of transfers of Notes
shall be provided. The Note Registrar shall act solely for the purpose of maintaining the Note Register as an agent of the Issuer. Any transfer of an interest in a Note shall be reflected in the Note Register and entries in the Note Register shall
be presumed correct. The Note Registrar shall provide to the Issuer, upon reasonable written request, and at the expense of the requesting party, an updated copy of the Note Register. The Issuer shall have the right to inspect the Note Register or
to obtain a copy thereof at all reasonable times, and to rely conclusively upon a certificate of the Note Registrar as to the information set forth in the Note Register. Any reference in this Indenture to the Note Registrar shall include any co-note
registrar unless the context requires otherwise. The Indenture Trustee may revoke such appointment and remove any Note Registrar if the Indenture Trustee determines in its sole discretion that such Note Registrar failed to perform its obligations
under this Indenture in any material respect. Any Note Registrar shall be permitted to resign as Note Registrar upon thirty (30) days written notice to the Issuer and the Indenture Trustee; provided, however, that such resignation
shall not be effective and such Note Registrar shall continue to perform its duties as Note Registrar until the Indenture Trustee has appointed a successor Note Registrar (which may be the Indenture Trustee) reasonably acceptable to the Issuer. 

(b) No transfer, sale, pledge or other disposition of any Note or interest therein shall be made unless that transfer, sale, pledge or other
disposition is exempt from the registration and/or qualification requirements of the Securities Act and any applicable state securities laws, or is otherwise made in accordance with the Securities Act and such state securities laws. None of the
Issuer, the Indenture Trustee or the Note Registrar is obligated to register or qualify any Notes under the Securities Act or any other securities law or to take any action not otherwise required under this Indenture to permit the transfer of any
Note or interest therein without registration or qualification. Any Noteholder desiring to effect a transfer of Notes or interests therein shall, and does hereby agree to, indemnify the Issuer, the Indenture Trustee and the Note Registrar against
any liability that may result if the transfer is not so exempt or is not made in accordance with such federal and state laws. Any attempted transfer, sale, pledge or other disposition of any Note or interest therein in contravention of this
Section 2.05 will be void ab initio and the purported transferor will continue to be treated as the owner of the Notes for all purposes. 

The Notes are being offered and sold by the Initial Purchasers only to QIBs in transactions meeting the requirements of Rule 144A or to
persons (other than “U.S. persons” as defined in Regulation S) outside the United States pursuant to the requirements of Regulation S. If it is acquiring any Notes or any interest or participation therein in an “offshore
transaction” (as defined to Regulation S), the purchaser is deemed to acknowledge that those notes will initially be represented by a temporary global note with the applicable legends set forth in Exhibit A (the “Temporary Regulation S
Global Note”) in fully registered form without interest coupons and that transfers thereof or any interest or participation therein are restricted as set forth in this Section 2.05. The Notes that are not sold in offshore transactions
in reliance on Regulation S shall initially be issued in the form of one or more permanent global notes with the applicable legends set forth in Exhibit A (each, a “Rule 144A Global Note”) in fully registered form

  
 6 

 
without interest coupons. The principal amount of a Global Note may from time to time be increased or decreased by adjustments made on the records of the custodian for DTC, DTC’s nominee or
any other authorized person, to reflect the transfers of interest described in this Section or other transactions under this Indenture. 

Any ownership interest represented by a beneficial interest in a Rule 144A Global Note may be transferred to another entity who wishes
to hold Notes in the form of an interest in a Rule 144A Global Note; provided, that, the applicable transferor and transferee are deemed to have represented and warranted that such transfer is being made to a transferee that the transferor
reasonably believes is a QIB in a transaction meeting the requirements of Rule 144A. 
 Through and including the fortieth (40th) day after the later of the commencement of the offering of the Notes to persons other than distributors in reliance upon Regulation S and the Closing Date (that period through and including
that fortieth (40th) day, the “Distribution Compliance Period”), any ownership interest represented by a beneficial interest in the Temporary Regulation S Global Note may be
transferred to a person who wishes to hold Notes in the form of an interest in the Temporary Regulation S Global Note; provided, that, the applicable transferee is deemed to have represented and warranted that it is not a “U.S.
person” (as defined in Regulation S) and such transfer is being made in accordance with Rule 903 or Rule 904 of Regulation S and all other applicable securities laws. 

All distributions in respect of Notes represented by a Temporary Regulation S Global Note will be made only with respect to that portion of
the Temporary Regulation S Global Note in respect of which Euroclear or Clearstream shall have delivered to the Indenture Trustee a certificate or certificates substantially in the form of Exhibit B-4. The delivery to the Indenture Trustee by
Euroclear or Clearstream of a certificate or certificates referred to above may be relied upon by the Issuer and the Indenture Trustee as conclusive evidence that the certificate or certificates referred to therein has or have been delivered to
Euroclear or Clearstream pursuant to the terms of this Indenture and the Temporary Regulation S Global Note. 
 Transfers of an
interest in a Regulation S Global Note for an interest in a Rule 144A Global Note, and vice versa, may be made at any time; provided that the intended transferor and transferee are each able to represent and warrant that such transferee
satisfies the conditions set forth above to hold a beneficial interest in the applicable Global Note and the transferor provides a transfer certificate in the form of Exhibit B-1, Exhibit B-2 or Exhibit B-3, as applicable. Any interest in the Notes
represented by an interest in a Rule 144A Global Note that is transferred to a person who takes delivery in the form of an interest in a Regulation S Global Note, and vice versa, will, upon transfer, cease to be an interest in such original Rule
144A Global Note or Regulation S Global Note, as the case may be, and become an interest in a Regulation S Global Note or a Rule 144A Global Note, as applicable, and accordingly, will thereafter be subject to all transfer restrictions and other
procedures applicable to an interest in the applicable form of Global Note. 
 Interests in a Temporary Regulation S Global Note as
to which the Indenture Trustee has received from Euroclear or Clearstream, as the case may be, a certificate substantially in the form of Exhibit B-4 to the effect that Euroclear or Clearstream, as applicable,

  
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has received a certificate substantially in the form of Exhibit B-5 from the holder of a beneficial interest in such Note, will be exchanged on and after the last day of the Distribution
Compliance Period for interests in a permanent global note with the applicable legends set forth in Exhibit A (a “Permanent Regulation S Global Note” and, together with the Temporary Regulation S Global Note, the “Regulation
S Global Notes”) in fully-registered form without interest coupons. The delivery of the certificate or certificates referred to above to the Indenture Trustee by Euroclear or Clearstream may be relied upon by the Issuer and the Indenture
Trustee as conclusive evidence that the certificate or certificates referred to therein has or have been delivered to Euroclear or Clearstream pursuant to the terms of this Indenture and the Temporary Regulation S Global Note. 

In the event that a Rule 144A Global Note is exchanged for one or more Definitive Notes (a “Rule 144A Definitive Note”) or a
Regulation S Global Note is exchanged for one or more Definitive Notes (a “Regulation S Definitive Note”) pursuant to Section 2.10 of this Indenture, the related Beneficial Owner shall be required to deliver a representation
letter with respect to the matters described in this Section 2.05. Such Rule 144A Definitive Notes and Regulation S Definitive Notes may be exchanged for one another only upon delivery of a representation letter with respect to the matters
described in this Section 2.05 and in accordance with such procedures as are substantially consistent with the provisions above (including certification requirements intended to ensure that such transfers comply with Rule 144A or are to Persons
who are not “U.S. persons” (as defined in Regulation S), or otherwise comply with Regulation S, as the case may be) and as may be from time to time adopted by the Issuer and the Indenture Trustee. The Indenture Trustee shall destroy the
applicable Global Note upon its exchange in full for Definitive Notes. 
 Each purchaser of a Note that represents a beneficial interest in
a Global Note will be deemed to have represented and agreed, and each purchaser of a Definitive Note will be required to certify to the Indenture Trustee and Note Registrar in writing, that: 

(i) (A) the purchaser is a QIB and is acquiring such Notes for its own account or as a fiduciary or agent for others (which
others are also QIBs) for investment purposes and not for distribution in violation of the Securities Act, and it is able to bear the economic risk of an investment in the Notes and has such knowledge and experience in financial and business matters
so as to be capable of evaluating the merits and risks of purchasing the Notes, or (B) the purchaser is not a “U.S. person” (as defined in Regulation S) (and is not purchasing for the account or benefit of a “U.S. person” as
defined in Regulation S), is outside the United States and is acquiring the Notes pursuant to an exemption from registration in accordance with Rule 903 or Rule 904 of Regulation S; 

(ii) the purchaser understands that the Notes are being offered only in a transaction that does not require registration of the
Notes under the Securities Act and, if such purchaser decides to resell, pledge or otherwise transfer such Notes, then it agrees that it will resell, pledge or transfer such Notes only (A) so long as such Notes are eligible for resale pursuant
to Rule 144A, to a person who the seller reasonably believes is a QIB acquiring the Notes for its own account or as a fiduciary or agent for others (which others must also be QIBs) to whom notice is given that the resale or other transfer

  
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is being made in reliance on Rule 144A, or (B) to a purchaser who is not a “U.S. person” (as defined in Regulation S) (and is not purchasing for the account or benefit of a
“U.S. person” as defined in Regulation S), is outside the United States and is acquiring the Notes pursuant to an exemption from registration under the Securities Act in accordance with Rule 903 or Rule 904 of Regulation S and, in each
case, in accordance with any applicable United States state securities or “Blue Sky” laws or any securities laws of any other jurisdiction; 

(iii) unless the applicable legend set forth in Exhibit A has been removed, the purchaser shall notify each transferee of the
Notes that (A) the Notes have not been registered under the Securities Act, (B) the holder of Notes is subject to the restrictions on the resale or other transfer thereof described in clause (ii) above, and (C) such transferee
shall be deemed to have represented (1) as to its status as a QIB purchasing the Series 2015-1 Notes in reliance on Rule 144A or as not a “U.S. person” (as defined in Regulation S) (and is not purchasing for the account or benefit of
a “U.S. person” as defined in Regulation S) and as outside the United States, acquiring the Notes pursuant to an exemption from registration under the Securities Act in accordance with Rule 903 or Rule 904 of Regulation S, as the case may
be, (2) if such transferee is a QIB, that such transferee is acquiring the Notes for its own account or as a fiduciary or agent for others (which others also must be QIBs), and (3) that such transferee shall be deemed to have agreed to
notify its subsequent transferees as to the foregoing; 
 (iv) (A) the purchaser understands that each Rule 144A Global Note
and any Rule 144A Definitive Note will bear the legends set forth in Exhibit A hereto and (B) the purchaser understands that each Regulation S Global Note and any Regulation S Definitive Note will bear the legends set forth in Exhibit A; and

 (v) either (A) it is not and is not acting on behalf or using the assets of (1) an “employee benefit
plan,” as defined in Section 3(3) of ERISA, that is subject to Title I of ERISA, (2) a “plan,” as defined in Section 4975(e)(1) of the Internal Revenue Code that is subject to Section 4975 of the Internal Revenue
Code, (3) an entity whose underlying assets include “plan assets” by reason of such employee benefit plan’s or plan’s investment in the entity (within the meaning of Department of Labor Regulation 29 C.F.R. 2510.3-101, as
modified by section 3(42) of ERISA), or (4) any governmental, church, non-U.S. or other plan that is subject to any non-U.S., federal, state or local law that is substantially similar to Section 406 of ERISA or Section 4975 of the
Internal Revenue Code (“Similar Law”) or an entity whose underlying assets include assets of any such plan; or (B) except in the case of the Class D Notes, the acquisition, continued holding and disposition of the Notes (or any
interest therein) will not give rise to a non-exempt prohibited transaction under Section 406 of ERISA, Section 4975 of the Internal Revenue Code or result in a non-exempt violation of Similar Law. 

(c) At any time when the Issuer is not subject to Section 13 or 15(d) of the Exchange Act and is not exempt from reporting pursuant to
Rule 12g3-2(b) under the Exchange Act, upon the request of a Noteholder or Beneficial Owner, the Issuer shall promptly furnish or cause to be furnished Rule 144A Information to such Noteholder or Beneficial Owner, to a prospective purchaser of such
Note designated by such Noteholder or Beneficial Owner or to the 

  
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Indenture Trustee for delivery to such Noteholder or Beneficial Owner or a prospective purchaser designated by such Noteholder or Beneficial Owner, as the case may be, in order to permit
compliance by such Noteholder or Beneficial Owner with Rule 144A in connection with the resale of a Note by such Noteholder or Beneficial Owner. 

(d) With respect to any outstanding Notes retained by the Issuer or conveyed to an Affiliate of the Issuer, and later sold to an unrelated
purchaser, the requirements set forth in Section 3.14(c) must be met prior to any such later sale. 
 (e) If a Person is acquiring any
Note or interest therein as a fiduciary or agent for one or more accounts, such Person shall be required to deliver to the Note Registrar a certification (as to which, in the case of the Book Entry Notes, each prospective transferee account owner
will be deemed to have represented such certification) to the effect that it has (1) sole investment discretion with respect to each such account and (2) full power to make the foregoing acknowledgments, representations, warranties,
certifications and agreements with respect to each such account as set forth in this Section 2.05. 
 (f) Subject to the preceding
provisions of this Section 2.05, upon surrender for registration of transfer of any Note at the offices or agency of the Note Registrar maintained for such purpose, the Issuer shall execute and the Indenture Trustee shall authenticate and
deliver, in the name of the designated transferee or transferees, one or more new Notes of a like Denomination and of the same Class. As of the Closing Date, the offices of the Note Registrar maintained for such purpose are located at the Corporate
Trust Office of the Indenture Trustee. 
 (g) At the option of any Noteholder, its Notes may be exchanged for other Notes of authorized
denominations of the same Class and of a like aggregate denomination, upon surrender of the Notes to be exchanged at the offices of the Note Registrar maintained for such purpose. Whenever any Notes are so surrendered for exchange, the Issuer shall
execute and the Indenture Trustee as authenticating agent shall authenticate and deliver the Notes which the Noteholder making the exchange is entitled to receive. 

(h) Every Note presented or surrendered for transfer or exchange shall (if so required by the Note Registrar) be duly endorsed by, or be
accompanied by a written instrument of transfer in the form satisfactory to the Note Registrar duly executed by, the Holder thereof or his attorney duly authorized in writing. 

(i) Every Note issued upon any registration of transfer or exchange of Notes shall be the valid obligations of the Issuer, evidencing the same
debt, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such registration or exchange. 
 (j) No service
charge shall be imposed for any transfer or exchange of Notes, but the Note Registrar may require payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection with any transfer or exchange of Notes.

 (k) All Notes surrendered for transfer and exchange shall be physically canceled by the Note Registrar, and the Note Registrar shall
dispose of such canceled Notes in accordance with its standard procedures. 

  
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 Section 2.06 Mutilated, Destroyed, Lost or Stolen Notes. If (a) any mutilated
Note is surrendered to the Indenture Trustee or the Note Registrar, or the Indenture Trustee or the Note Registrar receives evidence to its satisfaction of the destruction, loss or theft of any Note, and (b) in case of destruction, loss or
theft there is delivered to the Indenture Trustee, the Issuer, the Depositor or the Note Registrar, as the case may be, such security or indemnity as may be required by it to hold the Issuer, the Depositor, the Note Registrar and the Indenture
Trustee harmless, then, in the absence of written notice to the Issuer, the Depositor, the Note Registrar or the Indenture Trustee that such Note has been acquired by a “protected purchaser” (as contemplated by Article 8 of the UCC), the
Issuer shall execute, and upon Issuer Order the Indenture Trustee shall authenticate and deliver, in exchange for or in lieu of any such mutilated, destroyed, lost or stolen Note, a replacement Note of like tenor and aggregate principal amount,
bearing a number not contemporaneously outstanding; provided, however, that if any such mutilated, destroyed, lost or stolen Note shall have become, or within seven (7) days shall be, due and payable, or shall have been selected
or called for redemption, instead of issuing a replacement Note, the Issuer may pay such Note without surrender thereof, except that any mutilated Note shall be surrendered. If, after the delivery of such replacement Note or payment of a destroyed,
lost or stolen Note pursuant to the proviso to the preceding sentence, a “protected purchaser” (as contemplated by Article 8 of the UCC) of the original Note in lieu of which such replacement Note was issued presents for payment such
original Note, the Issuer and the Indenture Trustee shall be entitled to recover such replacement Note (or such payment) from the Person to whom it was delivered or any Person taking such replacement Note from such Person to whom such replacement
Note was delivered or any assignee of such Person, except a “protected purchaser” (as contemplated by Article 8 of the UCC), and shall be entitled to recover upon the security or indemnity provided therefor to the extent of any loss,
damage, cost or expense incurred by the Issuer or the Indenture Trustee in connection therewith. 
 In connection with the issuance of any
replacement Note under this Section 2.06, the Issuer, the Indenture Trustee or the Note Registrar may require the payment by the Holder of such Note of a sum sufficient to cover any tax or other governmental charge that may be imposed in
relation thereto and any other reasonable expenses (including the reasonable fees and expenses of the Indenture Trustee or the Note Registrar) connected therewith. 

Any replacement Note issued pursuant to this Section in replacement of any mutilated, destroyed, lost or stolen Note shall constitute complete
and indefeasible evidence of a debt of the Issuer, as if originally issued, whether or not the destroyed, lost or stolen Note shall be found at any time, and shall be entitled to all the benefits of this Indenture equally and proportionately with
any and all other Notes duly issued hereunder. 
 The provisions of this Section 2.06 are exclusive and shall preclude (to the extent
lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 

Section 2.07 Persons Deemed Owners. The Indenture Trustee, the Note Registrar, the Depositor, the Issuer and any agent of any of
them may, prior to due presentation of a Note for registration of transfer, treat the Person in whose name any Note is registered as the holder of such Note for the purpose of receiving distributions pursuant to the terms of this Indenture and for
all other purposes whatsoever, and, in any such case, none of the Indenture 

  
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Trustee, the Note Registrar, the Depositor, the Issuer nor any agent of any of them shall be affected by any notice to the contrary. Upon any request or inquiry by a Noteholder, the Indenture
Trustee or the Note Registrar shall be entitled to receive a certification in form reasonably satisfactory to the Indenture Trustee and the Note Registrar, to enable the Indenture Trustee and the Note Registrar to confirm the status of such entity
as a Noteholder. 
 Section 2.08 Cancellation. All Notes surrendered for payment, registration of transfer, exchange or
redemption shall, if surrendered to any Person other than the Indenture Trustee, be delivered to the Indenture Trustee and shall be promptly canceled by the Indenture Trustee and shall no longer be considered Outstanding for any purpose hereunder.
The Issuer may at any time deliver to the Indenture Trustee for cancellation any Notes previously authenticated and delivered hereunder which the Issuer may have acquired in any lawful manner whatsoever. All Notes delivered by the Issuer or any
other Person for cancellation shall be promptly canceled by the Indenture Trustee and such cancellation shall be recorded in the Note Registrar. No Notes shall be authenticated in lieu of or in exchange for any Notes canceled as provided in this
Section, except as expressly permitted by this Indenture. All canceled Notes held by the Indenture Trustee shall be destroyed or retained in accordance with its standard document retention or disposal policy in effect at such time unless the Issuer
shall direct prior to destruction that they be returned to the Issuer. 
 Section 2.09 Notices to Clearing Agency. Whenever a
notice or other communication is required to be given to the Noteholders of any Class with respect to which Book-Entry Notes have been issued, unless and until Definitive Notes shall have been issued to the related Beneficial Owners pursuant to
Section 2.10 and there are no Book-Entry Notes outstanding, the Indenture Trustee shall give all such notices and communications to the Clearing Agency. 

Section 2.10 Definitive Notes. If Book-Entry Notes have been issued with respect to any Class and (a) (i) the Issuer
advises the Indenture Trustee that the Clearing Agency is no longer willing or able to discharge properly its responsibilities with respect to such Class and (ii) the Issuer is unable to locate and reach an agreement on satisfactory terms with
a qualified successor, (b) to the extent permitted by law, the Issuer, at its option, advises the Indenture Trustee in writing that it elects to terminate the book-entry system through the Clearing Agency with respect to such Class or
(c) after the occurrence of a Servicer Default or an Event of Default, Beneficial Owners with respect to such Class representing not less than 50% of the principal amount of the Book-Entry Notes of such Class advise the Indenture Trustee and
the applicable Clearing Agency in writing through the applicable Clearing Agency Participants that the continuation of a book-entry system with respect to the Notes of such Class is no longer in the best interests of the Beneficial Owners with
respect to such Class, then the Indenture Trustee shall notify all Beneficial Owners with respect to such Class, through the Clearing Agency of the occurrence of such event and of the availability of Definitive Notes to Beneficial Owners with
respect to such Class. Upon surrender to the Indenture Trustee of such Notes by the Clearing Agency, accompanied by registration instructions from the applicable Clearing Agency for registration, the Issuer shall execute and the Indenture Trustee
shall authenticate Definitive Notes of such Class and shall recognize the registered holders of such Definitive Notes as Noteholders under this Indenture. None of the Issuer or the Indenture Trustee shall be liable for any delay in delivery of such
instructions, and the Issuer and the Indenture Trustee may conclusively rely on, 

  
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and shall be protected in relying on, such instructions. Upon the issuance of Definitive Notes of such Class, the Indenture Trustee shall recognize the registered Holders of such Definitive Notes
of such Class as Noteholders of such Class hereunder. Definitive Notes will be transferable and exchangeable at the offices of the Indenture Trustee. 

Pending the preparation of Definitive Notes, the Issuer may execute, and upon receipt of an Issuer Order, the Indenture Trustee shall
authenticate and deliver, temporary Notes which are printed, lithographed, typewritten, mimeographed or otherwise produced, of the tenor of the Definitive Notes in lieu of which they are issued and with such variations not inconsistent with the
terms of this Indenture as the officers executing such Notes may determine, as evidenced by their execution of such Notes. 
 If temporary
Notes are issued, the Issuer shall cause Definitive Notes to be prepared without unreasonable delay. After the preparation of Definitive Notes, the temporary Notes shall be exchangeable for Definitive Notes upon surrender of the temporary Notes at
the office or agency of the Issuer to be maintained as provided in Section 3.02, without charge to the Holder. Upon surrender for cancellation of any one or more temporary Notes, the Issuer shall execute and the Indenture Trustee upon Issuer
Order shall authenticate and deliver in exchange therefor a like principal amount of Definitive Notes of authorized denominations. Until so exchanged, the temporary Notes shall in all respects be entitled to the same benefits under this Indenture as
Definitive Notes. 
 Section 2.11 CUSIP Numbers. The Issuer in issuing the Notes may use “CUSIP” numbers (if then
generally in use), and, if so, the Indenture Trustee shall use “CUSIP” numbers in notices of redemption as a convenience to Noteholders; provided, that any such notice may state that no representation is made as to the correctness
of such numbers either as printed on the Notes or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption shall not be affected by any defect
in or omission of such numbers. The Issuer will promptly notify the Indenture Trustee in writing of any change in the “CUSIP” numbers. 

ARTICLE III 

REPRESENTATIONS AND COVENANTS OF ISSUER AND THE ISSUER LOAN TRUSTEE 

Section 3.01 Payment of Principal and Interest. (a) The Issuer will duly and punctually pay principal of and interest on the
Notes, in each case in accordance with the terms of the Notes and as specified herein. 
 (b) On each Payment Date, the Noteholders of each
Class as of the related Record Date shall be entitled to the interest accrued at the applicable Interest Rate and principal payable on such Payment Date as specified herein. All payment obligations under a Note are discharged to the extent such
payments are made to the Noteholder of record as of such related Record Date. 

  
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 Section 3.02 Maintenance of Office or Agency. The Issuer will maintain an office or
agency with the Corporate Trust Office of the Indenture Trustee at Wells Fargo Bank, N.A., Corporate Trust Services/Structured Products Services, Sixth Street and Marquette Avenue, MAC N9311-161, Minneapolis, Minnesota 55479, OneMain Financial
Issuance Trust 2015-1, where Notes may be presented or surrendered for payment and where Notes may be surrendered for registration of transfer or exchange. The Issuer will give prompt written notice to the Indenture Trustee and the Noteholders of
any change in the location of any such office or agency. 
 Section 3.03 Money for Note Payments to Be Held in Trust. As
specified in Section 8.02, all payments of amounts due and payable on or with respect to the Notes, which are to be made from amounts withdrawn from the Collection Account, shall be made on behalf of the Issuer by the Indenture Trustee, and no
amounts so withdrawn from the Collection Account shall be paid over to the Issuer except as provided in this Indenture. 
 Subject to
Requirements of Law with respect to escheat of funds, and after such notice required with respect to Notes not surrendered for cancellation pursuant to Section 10.02(b) is given, any money held by the Indenture Trustee in trust for the payment
of any amount due with respect to any Note remaining unclaimed for two years after such amount has become due and payable shall be discharged from such trust, and the Indenture Trustee shall give prompt notice of such occurrence to the Issuer and
shall release such money to the Issuer on Issuer Order; the Holder of such Note shall thereafter, as an unsecured general creditor, look only to the Issuer (and then only to the extent of the amounts so paid to the Issuer) for payment thereof, and
all liability of the Indenture Trustee with respect to such trust money shall thereupon cease; provided, however, that the Indenture Trustee, before being required to make any such repayment, shall at the direction of the Issuer cause
to be published once, in a newspaper published in the English language, customarily published on each Business Day and of general circulation in The City of New York, notice that such money remains unclaimed and that, after a date specified therein,
which date shall not be less than thirty (30) days from the date of such publication, any unclaimed balance of such money then remaining will be repaid to the Issuer. The cost of any such notice or publication shall be paid out of funds in the
Collection Account. The Indenture Trustee shall also adopt and employ, at the expense of the Issuer, any other reasonable means of notification of such repayment (including, but not limited to, mailing notice of such repayment to Holders whose Notes
have been called but have not been surrendered for redemption or whose right to or interest in moneys due and payable but not claimed is determinable from the records of the Indenture Trustee, at the last address of record for each such Holder).

 Section 3.04 Existence. The Issuer will keep in full effect its existence, rights and franchises as a statutory trust
under the laws of the State of Delaware and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to protect the validity and enforceability of this Indenture, the Notes,
the Trust Estate and each other related instrument or agreement included in the Trust Estate. The Issuer Loan Trustee will keep in full effect its existence, rights and franchises as a national banking association under the laws of the United
States. The Issuer shall not consolidate or merge with or into any other Person and shall not (except as provided herein) convey or transfer its properties and assets substantially as an entirety to any Person. 

  
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 Section 3.05 Protection of Trust. The Issuer and the Issuer Loan Trustee (at the
direction of the Issuer) will from time to time take all actions, including without limitation preparing, or causing to be prepared, authorizing, executing and delivering all such supplements and amendments hereto and all such financing statements,
amendments to financing statements, continuation statements, if any, instruments of further assurance and other instruments, necessary or advisable to: 

(a) grant more effectively all or any portion of the Trust Estate as security for the Notes; 

(b) maintain or perfect or preserve the lien and security interest (and the priority thereof) of this Indenture or to carry out
more effectively the purposes hereof; 
 (c) perfect, publish notice of, or protect the validity of any Grant made or to be
made by this Indenture and the priority thereof; or 
 (d) preserve and defend title to the Trust Estate and the rights
therein of the Indenture Trustee and the Noteholders secured thereby against the claims of all Persons and parties. 
 The Issuer and
the Issuer Loan Trustee hereby designates the Indenture Trustee its agent and attorney-in-fact to execute any instrument required pursuant to this Section 3.05; provided, however, such appointment shall in no way be deemed to be an
assumption of any of the duties or obligations of the Issuer under this Section 3.05. Financing statements filed pursuant to such appointment may describe the Trust Estate in the same manner as described herein or may describe the collateral
subject thereto as “All of the Debtor’s personal property and other assets, whether now owned or existing or hereafter acquired or arising, together with all products and proceeds thereof, substitutions and replacements therefor, and
additions and accessions thereto.” 
 The Issuer shall pay or cause to be paid any taxes levied on all or any part of the Trust
Estate from amounts available for such purpose pursuant to this Indenture. 
 Section 3.06 Opinions as to Trust Estate. On or
before June 30th of each calendar year, beginning in 2015, the Issuer will furnish to the Indenture Trustee an Opinion of Counsel either stating that, (i) in the opinion of such counsel, such action has been taken with respect to the
recording, filing, re-recording and refiling of this Indenture and any other requisite documents and with respect to the authorization, execution and filing of any financing statements and continuation statements as is necessary to maintain the lien
and security interest created by this Indenture and reciting the details of such action or (ii) in the opinion of such counsel no such action is necessary to maintain such lien and security interest. Such Opinion of Counsel will also describe
the recording, filing, re-recording and refiling of this Indenture and any other requisite documents and the execution and filing of any financing statements and continuation statements that will, in the opinion of such counsel, be required to
maintain the lien and security interest of this Indenture until June 30th of the following calendar year. 
 Section 3.07
Performance of Obligations; Servicing of Loans. (a) The Issuer shall not take any action and shall use its best efforts not to permit any action to be taken by 

  
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others that would release any Person from any of such Person’s material covenants or obligations under any instrument or agreement included in the Trust Estate or that would result in the
amendment, hypothecation, subordination, termination or discharge of, or impair the validity or effectiveness of, any such instrument or agreement, except as expressly provided in this Indenture, the Sale and Servicing Agreement or such other
instrument or agreement. 
 (b) To the extent permitted by the Transaction Documents, the Issuer may contract with other Persons to assist
it in performing its duties under this Indenture, and any performance of such duties by a Person identified to the Indenture Trustee in an Officer’s Certificate of the Issuer shall satisfy the obligations of the Issuer with respect thereto and
shall be deemed to be an action taken by the Issuer. 
 (c) The Issuer and the Issuer Loan Trustee will punctually perform and observe all
of its obligations and agreements contained in this Indenture, the other Transaction Documents and in the instruments and agreements relating to the Trust Estate, including but not limited to preparing, authorizing and filing or causing to be filed
all UCC financing statements and amendments to financing statements required to be filed by the terms of this Indenture and the other Transaction Documents in accordance with and within the time periods provided for herein and therein. 

(d) If the Issuer shall have knowledge of the occurrence of a Servicer Default under the Sale and Servicing Agreement, the Issuer shall
promptly notify the Indenture Trustee and each Rating Agency thereof, and shall specify in such notice the action, if any, being taken with respect to such default. If a Servicer Default shall arise from the failure of the Servicer to perform any of
its duties or obligations under the Sale and Servicing Agreement with respect to the Trust Estate, the Issuer shall take all reasonable steps available to it or as may be directed by the Indenture Trustee (acting at the written direction of the
Required Noteholders) to remedy such failure or to cause such failure to be remedied. 
 (e) The Issuer shall deliver any Loan Schedule (as
defined in the Sale and Servicing Agreement) received by it pursuant to the Sale and Servicing Agreement to the Indenture Trustee. 

Section 3.08 Negative Covenants. So long as any Notes are Outstanding, neither the Issuer nor the Issuer Loan Trustee shall: 

(a) sell, transfer, convey, exchange, pledge or otherwise dispose of any part of the Trust Estate except as expressly permitted
by the Indenture; 
 (b) claim any credit on, or make any deduction from, the principal and interest payable in respect of
the Notes (other than amounts properly withheld from payments under Requirements of Law) or assert any claim against any present or former Noteholder by reason of the payment of any taxes levied or assessed upon any part of the Trust Estate; 

(c) (i) permit the validity or effectiveness of this Indenture to be impaired, or permit the lien of this Indenture to be
amended, hypothecated, subordinated, terminated or discharged, or permit any Person to be released from any covenants or obligations with 

  
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respect to the Notes under this Indenture except as may be expressly permitted hereby, (ii) permit any Lien, charge, excise, claim, security interest, mortgage or other encumbrance (other
than the lien of this Indenture) to be created on or extend to or otherwise arise upon or burden the Trust Estate or any part thereof or any interest therein, except for Permitted Liens or (iii) permit the lien of this Indenture not to
constitute a valid first-priority perfected security interest in the Trust Estate, subject only to Permitted Liens; or 
 (d)
voluntarily dissolve or liquidate in whole or in part. 
 Section 3.09 Statements as to Compliance. The Issuer will deliver to
the Indenture Trustee, no later than June 30 of each year so long as any Note is Outstanding (commencing June 30, 2015), an Officer’s Certificate stating, as to the Authorized Officer signing such Officer’s Certificate, that:

 (a) a review of the activities of the Issuer during the most recently ended fiscal year (or in the case of the fiscal year
ending March 31, 2015, the period from the Closing Date to March 31, 2015) and of performance under this Indenture and the Sale and Servicing Agreement has been made under such Authorized Officer’s supervision; and 

(b) to the best of such Authorized Officer’s knowledge, based on such review, the Issuer has materially complied with all
conditions and covenants under this Indenture and the Sale and Servicing Agreement throughout such year, or, if there has been a default in its compliance with any such condition or covenant, specifying each such default known to such Authorized
Officer and the nature and status thereof. 
 Section 3.10 Issuer’s Name, Location, etc. (a) The Issuer’s exact
legal name is, and at all times has been, the name that appears for it on the signature page below. 
 (b) The Issuer has not used any trade
or assumed names. 
 (c) The Issuer is, and at all time has been, a “registered organization” (within the meaning of Article 9 of
the UCC), organized solely under the laws of the State of Delaware. 
 (d) The Issuer will not change its name, its type or jurisdiction of
organization, or its organizational identification number unless it has given the Indenture Trustee at least thirty (30) days prior written notice of such change. 

Section 3.11 Amendments. Without derogating from the assignment granted to the Indenture Trustee under this Indenture or the
rights of the Indenture Trustee hereunder, each of the Issuer and the Issuer Loan Trustee agrees that it will not (a) terminate, amend, waive, supplement or otherwise modify any of, or consent to the assignment by any party of, the Transaction
Documents to which it is a party and (b) to the extent that the Issuer has the right to consent to any termination, waiver, amendment, supplement or other modification of, or any assignment by any party of, any Transaction Document to which it
is not a party, give such consent, unless, in each case (i) other than an accession of an Additional Seller pursuant to Section 9.16 of the Loan Purchase Agreement or an Additional Subservicer pursuant to Section 

  
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10.18 of the Sale and Servicing Agreement, either (1) such termination, amendment, waiver, supplement or other modification or such assignment, as applicable, would not have an Adverse
Effect, conclusive evidence of which may be established by delivery of an Officer’s Certificate of the Servicer as to such determination and the Rating Agency Condition is satisfied with respect to such termination, amendment, waiver,
supplement or other modification or such assignment, as applicable, or (2) the Required Noteholders have consented in writing thereto and (ii) the other requirements with respect to such termination, amendment, waiver, supplement or other
modification, or such assignment, as applicable, contained in the Transaction Documents (including this Section 3.11) are satisfied. 

Notwithstanding the foregoing, the Issuer may amend, modify, waive, supplement or agree to any amendment, modification, supplement or waiver
of the terms of this Indenture in accordance with Article IX hereof (without the consent of any Holders of Notes in the case of Section 9.01), but subject to any other conditions set forth in Article IX hereof applicable thereto. 

Section 3.12 No Borrowing. The Issuer shall not issue, incur, assume, guarantee or otherwise become liable, directly or
indirectly, for any indebtedness except as expressly contemplated by the Transaction Documents and the Notes. 
 Section 3.13
Guarantees, Loans, Advances and Other Liabilities. Except as expressly contemplated by the Trust Agreement, the Sale and Servicing Agreement or this Indenture, the Issuer shall not make any loan or advance or credit to, or guarantee (directly
or indirectly or by an instrument having the effect of assuring another’s payment or performance on any obligation or capability of so doing or otherwise), endorse or otherwise become contingently liable, directly or indirectly, in connection
with the obligations, stocks or dividends of, or own, purchase, repurchase or acquire (or agree contingently to do so) any stock, obligations, assets or securities of, or any other interest in, or make any capital contribution to, any other Person.

 Section 3.14 Tax Treatment. (a) The Issuer has entered into this Indenture, and the Notes will be issued, with the
intention that, for federal, state and local income and franchise tax and financial accounting purposes, (i) the Notes will be treated as indebtedness secured by the assets of the Issuer (and not an ownership interest in the Issuer), excluding
any Notes retained by the Issuer or an Affiliate of the Issuer, and (ii) the Issuer shall not be treated as an association or publicly traded partnership taxable as a corporation. The Issuer, by entering into this Indenture, and each
Noteholder, by the acceptance of any such Note (and each beneficial owner of a Note, by its acceptance of an interest in the applicable Note), agree to treat such Notes for federal, state and local income and franchise tax and financial accounting
purposes as indebtedness, and to file all federal, state and local income tax and information returns and reports required to be filed with respect to any of the Notes, under any applicable federal, state or local tax statute or any rule or
regulation under any of them, consistent with such characterization. Each Holder of such Note agrees that it will cause any owner of a security entitlement to such Note acquiring an interest in a Note through it to comply with this Indenture as to
treatment of indebtedness under applicable tax law, as described in this Section 3.14. The parties hereto agree that they shall not cause or permit the making, as applicable, of any election under Treasury Regulation Section 301.7701-3
whereby the Issuer or any portion thereof would be treated as a corporation for U.S. federal income tax purposes. The provisions of this Indenture shall be construed in furtherance of the foregoing intended tax treatment. 

  
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 (b) Notwithstanding the preceding paragraph, if (i) any taxing authority asserts that any of
the Notes are not properly classifiable as indebtedness for income tax purposes (“Recharacterized Notes”) and (ii) either (A) the Issuer determines that it will not challenge the assertion of such taxing authority or
(B) any such challenge is unsuccessful, the Issuer and the Noteholders agree that (1) the Holders of the Recharacterized Notes shall be treated for all income tax purposes as members of a partnership from the inception of the Issuer,
(2) taxable income or items of gross income of the partnership for each taxable year of the entity in an amount corresponding to the aggregate distributions of interest to the Holders of Recharacterized Notes made pursuant to the terms of the
Indenture during such taxable year shall be specially allocated to the Holders of the Recharacterized Notes pro rata in the proportion that the amount of distributions received by each such Holder during such taxable year bears to the
aggregate amount of distributions of interest received by all Noteholders pursuant to the terms of the Indenture during such taxable year, and (3) all remaining items of taxable income, gain, loss, deduction, or credit of the partnership for
such taxable year and any separately allocable items thereof shall be allocated to the Depositor; provided, however, that anything herein to the contrary notwithstanding, to the extent that the distributions of interest to the
Noteholders pursuant to the terms of the Notes during any taxable year exceed the taxable income or gross income of the partnership during such taxable year, the amount of such excess shall be specially allocated to the Noteholders in accordance
with the preceding provisions of this Section 3.14(b) in any subsequent taxable year or years of the entity to the extent of the taxable income or gross income of the partnership in such subsequent taxable year or years. 

(c) With respect to any outstanding Notes retained by the Issuer or conveyed to an Affiliate of the Issuer and sold to an unrelated purchaser
at a later time (a “Later-Sold Note”), either (i) such Later-Sold Note must have a CUSIP number that is different than that of any other Notes outstanding immediately prior to such sale or (ii) the Issuer must receive an
Opinion of Counsel that, for U.S. federal income tax purposes, such Later-Sold Note will be issued in a qualified reopening of the class of Notes with the same CUSIP number for U.S. federal income tax purposes. In addition, with respect to the sale
of a Later-Sold Note that is a Class A Note or a Class B Note, the Issuer must receive an Opinion of Counsel that such Class A Note or Class B Note will be characterized as indebtedness for U.S. federal income tax purposes. With respect to
the sale of a Later-Sold Note that is a Class C Note or a Class D Note, the Issuer must receive an Opinion of Counsel regarding the tax characterization of the Notes as indebtedness for U.S. federal income tax purposes of at least the same opinion
level that was received with respect to the corresponding class of the Notes outstanding that were not retained. 
 Section 3.15
Notice of Events of Default. The Issuer agrees to give the Indenture Trustee, each Noteholder and each Rating Agency prompt written notice of each Event of Default hereunder and each default on the part of any party thereto of its obligations
under the Loan Purchase Agreement. 
 The Issuer shall deliver to the Indenture Trustee, within five (5) days after the occurrence of
any Default or Insolvency Event with respect to the Issuer, written notice in the form of an Officer’s Certificate of the Issuer of such Default or Insolvency Event, its status and what action the Issuer is taking or proposes to take with
respect thereto. 

  
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 Section 3.16 No Other Business. The Issuer shall not engage any business other than
the purpose and powers set forth in Section 2.03 of the Trust Agreement and all activities incidental thereto. 
 Section 3.17
Further Instruments and Acts. Upon written request of the Indenture Trustee, each of the Issuer and the Issuer Loan Trustee will execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper to
carry out more effectively the purpose of this Indenture. 
 Section 3.18 Maintenance of Separate Existence. The Issuer agrees
to comply with the separateness covenants in Section 2.10 of the Trust Agreement. 
 Section 3.19 Perfection Representations,
Warranties and Covenants. The perfection representations, warranties and covenants attached hereto as Schedule I shall be deemed to be part of this Indenture for all purposes. 

Section 3.20 Other Representations of the Issuer. On the Closing Date, the Issuer makes the following representations and
warranties for the benefit of the Noteholders: 
 (a) Binding Obligation. The Transaction Documents to which the
Issuer is a party or by which it is bound constitutes the legal, valid and binding obligation of the Issuer, enforceable against the Issuer in accordance with its respective terms, except as such enforceability may be limited by Debtor Relief Laws
and general principals of equity (whether considered in a suit at law or in equity). 
 (b) No Violation. The
consummation of the transactions contemplated by the Transaction Documents to which the Issuer is a party or by which it is bound and the fulfillments of the terms hereof and thereof will not (i) conflict with, result in any breach of any of
the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under, the Certificate of Trust, Trust Agreement or any other agreement or document to which the Issuer is a party or by which it or any of its
property is bound or is subject or (ii) violate any Requirements of Law applicable to the Issuer. 
 (c) No
Proceedings. There is no litigation, proceeding or investigation pending before any Governmental Authority or, to the best knowledge of the Issuer, threatened against the Issuer, (i) asserting the invalidity of any Transaction Document to
which the Issuer is a party or by which it is bound, (ii) seeking to prevent the consummation of any of the transactions contemplated by such Transaction Documents or (iii) seeking any determination or ruling that could reasonably be
expected to have an Adverse Effect. 
 Section 3.21 Other Representations of the Issuer Loan Trustee. On the Closing Date, the
Issuer Loan Trustee makes the following representations and warranties for the benefit of the Noteholders: 
 (a)
Organization. The Issuer Loan Trustee is a national banking association validly existing and in good standing under the laws of the United States, and is duly qualified to do business, and has full power and authority to own its properties
and conduct its business as presently owned or conducted, and to execute, deliver and perform its obligations under the Transaction Documents to which it is a party. 

  
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 (b) Due Qualification. The Issuer Loan Trustee is in good standing and is
duly qualified to do business, and has obtained all necessary licenses and approvals, in each jurisdiction in which failure to so qualify or to obtain such licenses and approvals would have an Adverse Effect or materially adversely affect its
ability to perform its obligations under the Transaction Documents to which it is a party. 
 (c) Due Authorization.
The execution and delivery by the Issuer Loan Trustee of the Transaction Documents to which it is a party and the consummation by the Issuer Loan Trustee of the transactions provided for in the Transaction Documents to which it is a party have been
duly authorized by all necessary action on the part of the Issuer Loan Trustee. 
 (d) Binding Obligation. The
Transaction Documents to which the Issuer Loan Trustee is a party or by which it is bound constitutes the legal, valid and binding obligation of the Issuer Loan Trustee, enforceable against the Issuer Loan Trustee in accordance with its respective
terms, except as such enforceability may be limited by Debtor Relief Laws and general principals of equity (whether considered in a suit at law or in equity). 

(e) No Violation. The consummation of the transactions contemplated by the Transaction Documents to which the Issuer
Loan Trustee is a party or by which it is bound and the fulfillments of the terms hereof and thereof will not (i) conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time
or both) a default under any agreement or document to which the Issuer Loan Trustee is a party or by which it or any of its property is bound or is subject or (ii) violate any Requirements of Law applicable to the Issuer Loan Trustee. 

(f) No Proceedings. There is no litigation, proceeding or investigation pending before any Governmental Authority or, to
the best knowledge of the Issuer Loan Trustee, threatened against the Issuer Loan Trustee, (i) asserting the invalidity of any Transaction Document to which the Issuer Loan Trustee is a party or by which it is bound, (ii) seeking to
prevent the consummation of any of the transactions contemplated by such Transaction Documents or (iii) seeking any determination or ruling that could reasonably be expected to have an Adverse Effect. 

(g) All Consents. All authorizations, consents, orders or approvals of or registrations or declarations with any
Governmental Authority required to be obtained, effected or given by the Issuer Loan Trustee in connection with the execution and delivery by the Issuer Loan Trustee of the Transaction Documents to which it is a party and the performance of the
transactions contemplated by the Transaction Documents to which it is a party have been duly obtained, effected or given and are in full force and effect. 

  
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 Section 3.22 Compliance with Laws. The Issuer shall comply with the requirements of
all applicable laws, the non-compliance with which would, individually or in the aggregate, materially adversely affect the ability of the Issuer to perform its obligations under the Notes, this Indenture or the other Transaction Documents to which
the Issuer is a party. 
 ARTICLE IV 

SATISFACTION AND DISCHARGE 

Section 4.01 Satisfaction and Discharge of this Indenture. This Indenture shall cease to be of further effect except as to
(a) rights of registration of transfer and exchange, (b) substitution of mutilated, destroyed, lost or stolen Notes, (c) the rights of Noteholders to receive payments of principal thereof and interest thereon, (d) Sections 3.03
and 3.08, (e) the rights and immunities of the Indenture Trustee hereunder, including the rights of the Indenture Trustee under Section 6.07, and the obligations of the Indenture Trustee under Section 4.02, and (f) the rights of
such Noteholders as beneficiaries hereof with respect to the property so deposited with the Indenture Trustee and payable to all or any of them, and the Indenture Trustee, on demand of and at the expense of the Issuer, shall execute proper
instruments acknowledging satisfaction and discharge of this Indenture when: 
 (i) either: 

(A) all Notes theretofore authenticated and delivered (other than (1) any Notes which have been destroyed, lost or stolen
and which have been replaced or paid as provided in Section 2.06, and (2) any Notes for whose full payment money is held in trust by the Indenture Trustee and thereafter released to the Issuer or discharged from such trust, as provided in
Section 3.03) have been delivered to the Indenture Trustee for cancellation; or 
 (B) all Notes not theretofore
delivered to the Indenture Trustee for cancellation: 
 (1) have become due and payable; or 

(2) are to be called for redemption within one year under arrangements satisfactory to the Indenture Trustee for the giving of
notice of redemption by the Indenture Trustee in the name, and at the expense, of the Issuer; 
 and the Issuer, in the case of (1) or
(2) above, has irrevocably deposited or caused to be irrevocably deposited with the Indenture Trustee cash or direct obligations of or obligations guaranteed by the United States of America (which will mature prior to the date such amounts are
payable), in trust for such purpose, in an amount sufficient to pay and discharge the entire indebtedness on such Notes (to the extent not theretofore delivered to the Indenture Trustee for cancellation) in accordance with Section 8.06 when due
and payable or on the applicable final Payment Date (if Notes shall have been called for redemption pursuant to Section 8.08), as the case may be; 

  
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 (ii) the Issuer has paid or caused to be paid all other sums payable hereunder by
the Issuer with respect to the Notes and with respect to the Indenture Trustee; and 
 (iii) the Issuer has delivered to the
Indenture Trustee an Officer’s Certificate of the Issuer meeting the applicable requirements of Section 11.01(a) and each stating that all conditions precedent herein relating to the satisfaction and discharge of this Indenture have been
complied with. 
 Section 4.02 Application of Trust Money. All monies deposited with the Indenture Trustee pursuant to
Section 4.01 shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to make payments to the Noteholders for the payment in respect of which such monies have been deposited with the Indenture
Trustee, of all sums due and to become due thereon for principal and interest; provided, however, such monies need not be segregated from other funds except to the extent required herein or in the Sale and Servicing Agreement or required by
law. 
 ARTICLE V 

DEFAULTS AND REMEDIES 

Section 5.01 Early Amortization Events. An “Early Amortization Event” means any one of the following events: 

(a) as of any Loan Action Date occurring on or after the Loan Action Date in May 2015, the average of the Monthly Net Loss
Percentages for such Loan Action Date and the two immediately preceding Loan Action Dates exceeds 17.0%; 
 (b) a
Reinvestment Criteria Event exists with respect to three consecutive Loan Action Dates (in each case, after giving effect to all Loan Actions, if any, on such Loan Action Dates); provided, however, that an Early Amortization Event
shall occur (and the Revolving Period shall terminate) on such third Loan Action Date if a Reinvestment Criteria Event will exist as of such third Loan Action Date and no Loan Actions will be taken by the Issuer on such third Loan Action Date which
would cure such Reinvestment Criteria Event, and such occurrence shall be given effect for purposes of determining the distributions and allocations pursuant to Section 8.06 on the immediately following Payment Date; or 

(c) a Servicer Default occurs. 

Section 5.02 Events of Default. An “Event of Default” means any one of the following events: 

(a) an Insolvency Event with respect to the Issuer or the Depositor shall have occurred; or 

(b) the Indenture Trustee shall cease to have a first-priority perfected security interest in all or a material portion of the
Trust Estate; or 

  
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 (c) the Issuer or the Depositor shall have become subject to regulation by the
SEC as a registered “investment company” under the Investment Company Act, or the Issuer shall have become unable to rely on an exclusion or exemption from the definition of “investment company” under Rule 3a-7 of the Investment
Company Act; or 
 (d) the Depositor or the Issuer shall become taxable as an association or a publicly traded partnership
taxable as a corporation under the Internal Revenue Code; or 
 (e) a default in the payment of any interest (i) on any
Class A Note until the Class A Notes have been paid in full, (ii) after the Class A Notes have been paid in full, on any Class B Note until the Class B Notes have been paid in full, (iii) after the Class A Notes and the
Class B Notes have been paid in full, on any Class C Note until the Class C Notes have been paid in full or (iv) after the Class A Notes, the Class B Notes and the Class C Notes have been paid in full, on any Class D Note until the Class D
Notes have been paid in full, on any Payment Date and such default shall continue for a period of five (5) Business Days; or 

(f) a failure to pay the principal balance of all Outstanding Notes of any Class, together with all accrued and unpaid interest
thereon, in full on the Stated Maturity Date for such Class; or 
 (g) either (i) a failure on the part of the Issuer
duly to observe or perform any other covenants or agreements of the Issuer set forth in this Indenture, (ii) a failure on the part of the Issuer Loan Trustee duly to observe or perform any other covenants or agreements of the Issuer Loan
Trustee set forth in this Indenture, or (iii) a failure on the part of the Depositor or the Depositor Loan Trustee duly to observe or perform any other covenants or agreements of the Depositor or the Depositor Loan Trustee, as applicable, set
forth in the Sale and Servicing Agreement, which failure, in either case, has a material adverse effect on the interests of the Noteholders (as determined by the Required Noteholders) and which continues unremedied for a period of sixty
(60) days after the date on which notice of such failure, requiring the same to be remedied, shall have been given by registered or certified mail to the Issuer, the Issuer Loan Trustee or the Depositor, as applicable, by the Indenture Trustee,
or to the Issuer, the Issuer Loan Trustee or the Depositor, as applicable, and the Indenture Trustee by the Required Noteholders; or 

(h) either (i) any representation, warranty or certification made by the Issuer in this Indenture or in any certificate
delivered pursuant to this Indenture shall prove to have been inaccurate when made or deemed made, (ii) any representation, warranty or certification made by the Issuer Loan Trustee in this Indenture shall prove to have been inaccurate when
made or deemed made, or (iii) any representation, warranty or certification made by the Depositor or the Depositor Loan Trustee in the Sale and Servicing Agreement or in any certificate delivered pursuant to the Sale and Servicing Agreement
shall prove to have been inaccurate when made or deemed made and, in either case, such inaccuracy has a material adverse effect on the Noteholders (as determined by the Required Noteholders) and which continues unremedied for a period of sixty
(60) days after the date on which a notice specifying such incorrect representation or warranty 

  
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and requiring the same to be remedied, shall have been given by registered or certified mail to the Issuer, the Issuer Loan Trustee or the Depositor, as applicable, by the Indenture Trustee, or
to the Issuer, the Issuer Loan Trustee or the Depositor, as applicable, and the Indenture Trustee by the Required Noteholders; provided, that in the case of a representation, warranty or certification of the Depositor pursuant to
Section 2.05(a) of the Sale and Servicing Agreement, no Event of Default shall occur pursuant to this Section 5.02(h) unless and until the Depositor also shall have failed to pay the applicable Repurchase Price as and when required in
accordance with Section 2.06(b) of the Sale and Servicing Agreement, if applicable; or 
 (i) the Internal Revenue
Service shall file notice of a lien pursuant to Section 430 or Section 6321 of the Internal Revenue Code with regard to the Issuer or the Depositor and such lien shall not have been released within thirty (30) days; or 

(j) any Seller, the Administrator, the Depositor or the Issuer shall fail to make one or more payments, transfers or deposits
as required of such party or parties (individually or collectively) under the Transaction Documents in an aggregate amount exceeding $1,000,000 and such failure(s) shall not be cured within five (5) Business Days after the date on which notice
of such failure, requiring the same to be remedied, shall have been given by registered or certified mail to the applicable Seller, the Administrator, the Depositor or the Issuer by the Indenture Trustee. 

Section 5.03 Acceleration of Maturity; Rescission and Annulment. (a) If an Event of Default described in clauses
(b) through (j) of Section 5.02 shall have occurred and be continuing, then in every such case the Indenture Trustee, at the direction of the Required Noteholders, shall declare all the Notes to be immediately due and payable, by a
notice in writing to the Issuer, and upon any such declaration the unpaid principal amount of the Notes, together with accrued or accreted and unpaid interest thereon through the date of acceleration, shall become immediately due and payable. 

(b) If an Event of Default described in clause (a) of Section 5.02 shall have occurred and be continuing, then the unpaid principal
of all Notes, together with the accrued or accreted and unpaid interest thereon through the date of acceleration, shall automatically become, and shall be considered to be declared, due and payable. 

(c) At any time after such declaration of acceleration of maturity has been made and before a judgment or decree for payment of the money due
has been obtained by the Indenture Trustee as hereinafter in this Article V provided, the Required Noteholders, by written notice to the Issuer and the Indenture Trustee, may rescind and annul such declaration and its consequences if: 

(i) the Issuer has paid or deposited with the Indenture Trustee a sum sufficient to pay: 

(A) all payments of principal of and interest on the Notes and all other amounts that would then be due hereunder or upon the
Notes if the Event of Default giving rise to such acceleration had not occurred; and 

  
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 (B) all sums paid or advanced by the Indenture Trustee hereunder and the
reasonable compensation, expenses, disbursements and advances of the Indenture Trustee and its agents and outside counsel and, if applicable, any such amounts due to the Owner Trustee, the Back-up Servicer, the Depositor Loan Trustee and the Issuer
Loan Trustee; and 
 (ii) all Events of Default, other than the nonpayment of the principal of the Notes that has become due
solely by such acceleration, have been cured or waived as provided in Section 5.13. 
 No such rescission shall affect any subsequent
default or impair any right consequent to it. 
 Section 5.04 Collection of Indebtedness and Suits for Enforcement by Indenture
Trustee. (a) The Issuer covenants that if an Event of Default described in clauses (e) or (f) of Section 5.02 shall have occurred and be continuing, the Issuer will, upon demand of the Indenture Trustee, immediately pay to
the Indenture Trustee for the benefit of the Noteholders the whole amount then due and payable on such Notes for principal and interest, with interest upon the overdue principal and, to the extent that payments of such interest shall be legally
enforceable, upon overdue installments of interest at the applicable Interest Rate and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses,
disbursements and advances of the Indenture Trustee, its agents and outside counsel. 
 (b) If the Issuer fails to pay such amounts
forthwith upon such demand, the Indenture Trustee, in its own name and as trustee of an express trust, may institute a Proceeding for the collection of the sums so due and unpaid, and may prosecute such Proceeding to judgment or final decree, and
may enforce the same against the Issuer or other obligor upon such Notes and collect in the manner provided by law out of the Trust Estate or the property of another obligor on the Notes, wherever situated, the monies adjudged or decreed to be
payable in the manner provided by law. 
 (c) If an Event of Default occurs and is continuing, the Indenture Trustee may, subject to the
provisions of Section 5.03, Section 5.05, Section 5.12, Section 6.01 and Section 6.03, proceed to protect and enforce its rights and the rights of the Noteholders under this Indenture by such appropriate Proceedings as the
Indenture Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement contained in this Indenture or in aid of the exercise of any power granted in this Indenture, or to
enforce any other proper remedy or legal or equitable right vested in the Indenture Trustee by this Indenture or by law. 
 (d) In case
there shall be pending, relative to the Issuer or any other obligor upon the Notes or any Person having or claiming an ownership interest in the related Trust Estate, Proceedings under Title 11 of the United States Code or any other applicable
federal or state bankruptcy, insolvency or other similar law, now or hereafter in effect or in case a receiver, conservator, assignee, trustee in bankruptcy, liquidator, sequestrator, custodian or other similar official shall have been appointed for
or taken possession of the Issuer or its property or such 

  
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other obligor or Person, or in case of any other comparable judicial Proceedings relative to the Issuer, the Issuer Loan Trustee or the creditors or property of the Issuer or such other obligor
or Person, the Indenture Trustee, regardless of whether the principal of any Notes shall then be due and payable as therein expressed or by declaration or otherwise and regardless of whether the Indenture Trustee shall have made any demand pursuant
to the provisions of this Section 5.04, shall be entitled and empowered, by intervention in such Proceedings or otherwise: 

(i) with respect to the Issuer, to file one or more claims for the whole amount of principal and interest owing and unpaid in
respect of the Notes, and with respect to the Issuer and the Issuer Loan Trustee to file such other papers or documents and take such actions as may be necessary or advisable in order to have the claims of the Indenture Trustee (including any claim
for reasonable compensation to the Indenture Trustee and each predecessor Indenture Trustee, and their respective agents, attorneys and counsel, and for reimbursement of all expenses and liabilities incurred, and all advances made, by the Indenture
Trustee and each predecessor Indenture Trustee pursuant to this Indenture, except as a result of negligence or bad faith) and of the Noteholders allowed; 

(ii) unless prohibited by Requirements of Law, to vote on behalf of the Noteholders, in any election of a trustee or a standby
trustee in bankruptcy or a Person performing similar functions; and 
 (iii) to collect and receive any monies or other
property payable or deliverable on any such claims, and to distribute all amounts received with respect to the claims of the Noteholders and of the Indenture Trustee on their behalf, 

and any trustee, receiver or liquidator, custodian or other similar official in any such Proceeding is hereby authorized by each of such Noteholders to make
payments to the Indenture Trustee, and, in the event that the Indenture Trustee shall consent to the making of payments directly to such Noteholders, to pay to the Indenture Trustee such amounts as shall be sufficient to cover reasonable
compensation to the Indenture Trustee, each predecessor Indenture Trustee and their respective agents, attorneys and counsel, and all other expenses and liabilities incurred, and all advances made, by the Indenture Trustee and each predecessor
Indenture Trustee pursuant to this Indenture except as a result of negligence or bad faith. 
 (e) Nothing herein contained shall be deemed
to authorize the Indenture Trustee to authorize or consent to or vote for or accept or adopt on behalf of any Noteholder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Noteholder, or to
authorize the Indenture Trustee to vote in respect of the claim of any Noteholder in any such proceeding except, as provided in (d)(ii) above, to vote for the election of a trustee in bankruptcy or similar Person. 

(f) All rights of action and of asserting claims under this Indenture, or under any of the Notes, may be enforced by the Indenture Trustee
without the possession of any of the Notes or the production thereof in any trial or other Proceedings relative thereto, and any such action or Proceedings instituted by the Indenture Trustee shall be brought in its own name as trustee of an express
trust, and any recovery of judgment, subject to the payment of the expenses, disbursements and compensation of the Indenture Trustee, each predecessor Indenture Trustee and their respective agents and attorneys, shall be for the benefit of the
Holders of the Notes as provided herein. 

  
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 (g) In any Proceedings brought by the Indenture Trustee (except with respect to any Proceedings
involving the interpretation of any provision of this Indenture to which the Indenture Trustee shall be a party), the Indenture Trustee shall be held to represent all the Noteholders, and it shall not be necessary to make any such Noteholder party
to any such Proceedings. 
 Section 5.05 Remedies; Priorities. (a) If an Event of Default shall have occurred and be
continuing and the Notes have been accelerated under Section 5.03, the Indenture Trustee shall, upon the written direction of the Required Noteholders (subject to Section 5.06), do one or more of the following: 

(i) institute Proceedings in its own name and as trustee of an express trust for the collection of all amounts then payable on
the Notes or under this Indenture with respect thereto, whether by declaration of acceleration or otherwise, enforce any judgment obtained, and collect from the Issuer and from any other obligor upon such Notes monies adjudged due; 

(ii) sell, on a servicing released basis, Loans, as shall constitute a part of the related Trust Estate (or rights or interest
therein), at one or more public or private sales called and conducted in any manner permitted by law; 
 (iii) direct the
Issuer and the Issuer Loan Trustee for the benefit of the Issuer to exercise rights, remedies, powers, privileges or claims under the Sale and Servicing Agreement, the Performance Support Agreement and the Loan Purchase Agreement pursuant to
Section 5.18; and 
 (iv) take any other appropriate action to protect and enforce the rights and remedies of the
Indenture Trustee or the Noteholders hereunder; 
 provided, however, that the Indenture Trustee may not exercise the remedy in clause (a)(ii)
above or otherwise sell or liquidate the Trust Estate substantially as a whole (in one or more sales), or institute Proceedings in furtherance thereof, unless (A) the Holders of 100% of the aggregate unpaid principal amount of the Outstanding
Notes direct such remedy, (B) the Indenture Trustee determines that the anticipated proceeds of such sale distributable to the Noteholders are sufficient to discharge in full all amounts then due and unpaid upon the Notes for principal and
interest (after giving effect to the payment of any amounts that are senior in priority to such principal and interest) or (C) the Indenture Trustee determines (based on the information provided to it by the Servicer) that the Trust Estate may
not continue to provide sufficient funds for the payment of principal of and interest on the Notes as they would have become due if the Notes had not been declared due and payable, and the Indenture Trustee is directed to take such remedy by the
Holders of not less than 66 2⁄3% of the aggregate unpaid principal amount of the Outstanding Notes. In determining such sufficiency or insufficiency with
respect to clauses (B) and (C), the Indenture Trustee may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of

  
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such proposed action and as to the sufficiency of the Trust Estate for such purpose. The cost of such opinion shall be reimbursed to the Indenture Trustee from amounts held in the Collection
Account in accordance with Section 8.06. 
 The remedies provided in this Section 5.05(a) are the exclusive remedies provided to
the Noteholders with respect to the Trust Estate and each of the Noteholders (by their acceptance of their respective interests in the Notes) and the Indenture Trustee hereby expressly waive any other remedy that might have been available under the
applicable UCC. 
 (b) If the Indenture Trustee collects any money or property pursuant to this Article V following the acceleration of the
maturities of the Notes pursuant to Section 5.03 (so long as such declaration shall not have been rescinded or annulled), it shall pay out the money or property in accordance with Section 8.06 or, in the case of an acceleration as a result
of an Event of Default described in clause (a) of Section 5.02, as may otherwise be directed by a court of competent jurisdiction. 

(c) Following the sale of the Trust Estate and the application of the proceeds of such sale and other amounts, if any, then held in the
Collection Account in accordance with Section 8.06, any and all amounts remaining due on the Notes and all other Obligations shall be extinguished and shall not revive, the Notes shall be deemed cancelled, and the Notes shall no longer be
Outstanding. 
 (d) The Indenture Trustee may fix a record date and Payment Date for any payment to Noteholders pursuant to this Section. At
least fifteen (15) days before such record date, the Indenture Trustee shall mail to each Noteholder and the Issuer a notice that states the record date, the Payment Date and the amount to be paid. 

Section 5.06 Optional Preservation of the Trust Estate. Subject to Section 5.05(a), if the Notes have been declared to be due
and payable under Section 5.03 following an Event of Default and such declaration and its consequences have not been rescinded and annulled, and the Indenture Trustee has not received directions from the Noteholders to the contrary under
Section 5.12, the Indenture Trustee may, but need not, elect to maintain possession of the Trust Estate. It is the desire of the parties hereto and the Noteholders that there be at all times sufficient funds for the payment of principal of and
interest on the Notes, and the Indenture Trustee shall take such desire into account when determining whether or not to maintain possession of the Trust Estate. In determining whether to maintain possession of the Trust Estate, the Indenture Trustee
may, but need not, obtain and rely upon an opinion of an Independent investment banking or accounting firm of national reputation as to the feasibility of any proposed action and as to the sufficiency of the Trust Estate for such purpose. The cost
of such opinion shall be reimbursed to the Indenture Trustee from amounts held in the Collection Account pursuant to Section 8.06. 

  
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 Section 5.07 Limitation on Suits. Subject to the other provisions of this Indenture,
no Noteholder shall have any right to institute any Proceedings, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless: 

(a) the Holders of not less than 10% of the aggregate unpaid principal amount of all Outstanding Notes have made written
request to the Indenture Trustee to institute such Proceeding in its own name as Indenture Trustee under this Indenture; 

(b) such Noteholder has or Noteholders have previously given written notice to the Indenture Trustee of a continuing Event of
Default; 
 (c) such Noteholder has or Noteholders have offered to the Indenture Trustee indemnity reasonably satisfactory to
it against the costs, expenses and liabilities to be incurred in compliance with such request; 
 (d) the Indenture Trustee
for sixty (60) days after its receipt of such notice, request and offer of indemnity has failed to institute any such Proceeding; and 

(e) no direction inconsistent with such written request has been given to the Indenture Trustee during such sixty-day period
Holders of a majority of the aggregate unpaid principal amount of all Outstanding Notes; 
 it being understood and intended that no one or more Noteholders
shall have any right in any manner whatsoever by virtue of, or by availing of, any provision of this Indenture to affect, disturb or prejudice the rights of any other Noteholders or to obtain or to seek to obtain priority or preference over any
other Noteholders or to enforce any right under this Indenture, except in the manner herein provided. 
 In the event the Indenture Trustee
shall receive conflicting or inconsistent requests and indemnity from two (2) or more groups of Noteholders, each representing less than a majority of the aggregate unpaid principal amount of all Outstanding Notes, the Indenture Trustee shall
act at the direction of the group representing a greater percentage of the aggregate unpaid principal amount of all Outstanding Notes, or if both groups are equal, the Indenture Trustee in its sole discretion may determine what action, if any, shall
be taken, notwithstanding any other provisions of this Indenture. 
 Section 5.08 Unconditional Rights of Noteholders to Receive
Principal and Interest. Notwithstanding any other provisions in this Indenture, the Holder of any Note will have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Note on the Stated
Maturity Date (and such principal shall be due and payable on such Stated Maturity Date) expressed in such Note and to institute suit for the enforcement of any such payment, and such right will not be impaired without the consent of such Holder;
provided, however, that notwithstanding any other provision of this Indenture to the contrary, the obligation to pay principal of or interest on the Notes or any other amount payable to any Noteholder will be without recourse to the
Issuer (except to the Trust Estate), the Indenture Trustee, the Owner Trustee or any affiliate, officer, employee or director of any of them, and the obligation of the Issuer to pay principal of or interest on the Notes or any other amount payable
to any Noteholder will be subject to Article VIII. It is understood and agreed that Noteholders will have recourse against the Issuer Loan Trustee to the extent of the Issuer Loan Trustee’s interests in the Loans. 

  
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 Section 5.09 Restoration of Rights and Remedies. If the Indenture Trustee or any
Noteholder has instituted any Proceeding to enforce any right or remedy under this Indenture and such Proceeding has been discontinued or abandoned, or has been determined adversely to the Indenture Trustee or such Noteholder, then and in every such
case the Issuer, the Indenture Trustee or such Noteholder shall, subject to any determination in such Proceeding, be restored severally and respectively to their former positions hereunder, and thereafter all rights and remedies of the Indenture
Trustee and the Noteholders shall continue as though no such Proceeding had been instituted. 
 Section 5.10 Rights and Remedies
Cumulative. Except as provided in Section 5.05, no right, remedy, power or privilege herein conferred upon or reserved to the Indenture Trustee or the Noteholders is intended to be exclusive of any other right, remedy, power or privilege,
and every right, remedy, power or privilege shall, to the extent permitted by law, be cumulative. The assertion or exercise of any right or remedy shall not preclude any other further assertion or the exercise of any other appropriate right or
remedy. 
 Section 5.11 Delay or Omission Not Waiver. No failure to exercise and no delay in exercising, on the part of the
Indenture Trustee or of any Noteholder or other Person, any right or remedy occurring hereunder upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every
right and remedy given by this Article V may be exercised from time to time, and as often as may be deemed expedient, by the Indenture Trustee or by the Noteholders, as the case may be. 

Section 5.12 Control by Noteholders. The Holders of a majority of the aggregate unpaid principal amount of all Outstanding Notes,
if an Event of Default has occurred and is continuing, shall have the right to direct the time, method and place of conducting any Proceeding for any right or remedy available to the Indenture Trustee with respect to the Notes or exercising any
trust or power conferred on the Indenture Trustee with respect to the Notes; provided, however, that, subject to Section 6.01 and Section 6.03(d): 

(a) the Indenture Trustee shall have the right to decline any such direction if the Indenture Trustee, after being advised by
counsel, determines that the action so directed is in conflict with any applicable Requirements of Law or with this Indenture; and 

(b) the Indenture Trustee shall have the right to decline any such direction if the Indenture Trustee in good faith shall
determine that such direction would be illegal or involve the Indenture Trustee in liability for which it has not been indemnified in accordance with Article VI or be unjustly prejudicial to the Noteholders not parties to such direction. 

  
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 Section 5.13 Waiver of Past Defaults. The Required Noteholders may, on behalf of all
Noteholders, waive in writing any past default with respect to the Notes and its consequences (including an Event of Default), except that: 

(a) a default in the payment of the principal or interest in respect of any Note cannot be waived without the consent of each
Noteholder of each Outstanding Note affected thereby; 
 (b) a default as a result of an Insolvency Event with respect to the
Issuer or the Depositor cannot be waived without the consent of each Noteholder; 
 (c) a default in respect of a covenant or
provision hereof that under Section 9.02 cannot be modified or amended without the consent of the Noteholder of each Outstanding Note or each Noteholder of each Outstanding Note affected thereby cannot be waived without the consent of each such
Noteholder; and 
 (d) an Early Amortization Event cannot be waived without the consent of each Noteholder. 

Upon any such written waiver, such default, and any Event of Default arising therefrom, shall cease to exist and shall be deemed to have been cured for every
purpose of this Indenture; provided, that no such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon. 

Section 5.14 Undertaking for Costs. All parties to this Indenture agree, and each Noteholder by its acceptance thereof shall be
deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Indenture Trustee for any action taken, suffered or omitted by it as
Indenture Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party
litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; provided, that the provisions of this Section shall not apply to (a) any suit instituted by the Indenture
Trustee, (b) any suit instituted by any Noteholder, or group of Noteholders (in compliance with Section 5.07), in each case holding in the aggregate more than 10% of the aggregate unpaid principal amount of all Outstanding Notes, or
(c) any suit instituted by any Noteholder for the enforcement of the payment of the principal of or interest on any Note on or after the date on which any of such amounts was due pursuant to the terms of such Note (or, in the case of
redemption, on or after the applicable Redemption Date). 
 Section 5.15 Waiver of Stay or Extension Laws. The Issuer covenants
(to the extent that it may lawfully do so) that it will not at any time insist upon, or plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law wherever enacted, now or at any time hereafter in force,
which may adversely affect the covenants or the performance of this Indenture; and the Issuer (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and covenants that it will not hinder, delay
or impede the execution of any power herein granted to the Indenture Trustee, but will suffer and permit the execution of every such power as though no such law had been enacted. 

Section 5.16 Action on Notes. The Indenture Trustee’s right to seek and recover judgment on the Notes or under the Indenture
shall not be affected by the seeking or 

  
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obtaining of or application for any other relief under or with respect to the Indenture. Neither the lien of the Indenture nor any rights or remedies of the Indenture Trustee or the Noteholders
shall be impaired by the recovery of any judgment by the Indenture Trustee against the Issuer or by the levy of any execution under such judgment upon any portion of the Trust Estate or upon any of the assets of the Issuer. Any money or property
collected by the Indenture Trustee shall be applied as specified in Section 5.03. 
 Section 5.17 Sale of Loans.
(a) If all or a portion of the Loans are to be sold under the terms of Section 5.05(a)(ii), the Indenture Trustee, or its agents, shall, unless another method of sale is directed in writing by the Required Noteholders, use its commercially
reasonable efforts to sell, dispose or otherwise liquidate all or a portion of the Loans by the solicitation of competitive bids. The Indenture Trustee may from time to time postpone any sale by public announcement made at the time and place of such
sale. The Indenture Trustee hereby expressly waives its right to any amount fixed by law as compensation for any sale. 
 (b)
The Indenture Trustee is hereby irrevocably appointed the agent and attorney-in-fact of the Issuer in connection with any sale of Loans pursuant to Section 5.05(a)(ii). No purchaser or transferee at any such sale shall be bound to ascertain the
Indenture Trustee’s authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies. 

(c) If all or a portion of the Loans are to be sold under the terms of Section 5.05(a)(ii), the Indenture Trustee shall
solicit bids for such Loans from Permitted Assignees (identified in writing by the Servicer), each of which shall agree in writing to comply with the confidentiality provision of this Indenture with respect to any information received in connection
with such solicitation. The Indenture Trustee shall sell such Loans to the bidder with the highest cash purchase offer. The proceeds of any such sale shall be applied in accordance with Section 5.05(b). In connection with any such sale of Loans
or interests therein, the Indenture Trustee may contract with agents to assist in such sales, the cost of which and the other costs of such sale shall be paid from the proceeds of any such sale. 

(d) At any sale of all or a portion of the Loans under Section 5.05(a)(ii), the Indenture Trustee or the Noteholders may
bid for and purchase the property offered for sale and, upon compliance with the terms of sale, may hold, retain and dispose of such property without further accountability therefor. 

(e) Upon completion of any sale under Section 5.05(a)(ii), the Issuer will deliver or cause to be delivered all of the
property sold to the purchaser or purchasers at such sale on the date of sale, or within a reasonable time thereafter if it shall be impractical to make immediate delivery, but in any event full title and right of possession to such property shall
pass to such purchaser or purchasers forthwith upon the completion of such sale. If so requested by the Indenture Trustee or by any purchaser, the Issuer shall confirm any such sale or transfer by executing and delivering to such purchaser all
proper instruments of conveyance and transfer and release as may be designated in any such request. 
 Section 5.18 Performance and
Enforcement of Certain Obligations. If an Event of Default has occurred and is continuing, the Indenture Trustee shall, at the direction of the 

  
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Required Noteholders, direct the Issuer to exercise all rights, remedies, powers, privileges and claims the Issuer may have against the Depositor, the Depositor Loan Trustee, the Issuer Loan
Trustee, the Sellers, the Performance Support Provider and the Servicer under or in connection with the Loan Purchase Agreement, the Depositor Loan Trust Agreement, the Sale and Servicing Agreement, the Issuer Loan Trust Agreement, the Performance
Support Agreement and the Loan Purchase Agreement, as applicable, including the right or power to take any action to compel or secure performance or observance by the Depositor, the Depositor Loan Trustee, the Issuer Loan Trustee, the Servicer, the
Performance Support Provider or the Sellers of their respective obligations thereunder. 
 ARTICLE VI 

THE INDENTURE TRUSTEE 

Section 6.01 Duties of the Indenture Trustee. (a) If an Event of Default has occurred and is continuing and a Responsible
Officer shall have actual knowledge or written notice of such Event of Default or Servicer Default, the Indenture Trustee shall, prior to the receipt of directions, if any, from the Required Noteholders, exercise such of the rights and powers vested
in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) With respect to the Indenture Trustee at all times: (i) the Indenture Trustee undertakes to perform such duties and only such duties
as are specifically set forth in this Indenture, and no implied duties or covenants by the Indenture Trustee shall be read into this Indenture; and (ii) in the absence of bad faith or negligence on its part, the Indenture Trustee may
conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Indenture Trustee and conforming to the requirements of this Indenture; provided,
however, that the Indenture Trustee, upon receipt of any resolutions, certificates, statements, opinions, reports, documents, orders or other instruments furnished to the Indenture Trustee which are specifically required to be furnished
pursuant to any provision of this Indenture, shall examine them to determine whether they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). If
any such instrument is found not to conform in any material respect to the requirements of this Indenture, the Indenture Trustee shall notify the Noteholders in the event that the Indenture Trustee, after so requesting, does not receive a
satisfactorily corrected instrument. 
 (c) No provision of this Indenture shall be construed to relieve the Indenture Trustee from
liability for its own negligent action, its own negligent failure to act, or its own fraud, bad faith or willful misconduct; provided, however, that: 

(i) this clause (c) shall not be construed to limit the effect of clauses (a) or (b) of this Section 6.01;

  
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 (ii) the Indenture Trustee shall not be liable for any error of judgment made in
good faith by a Responsible Officer, unless it shall be proven in a court of competent jurisdiction that the Indenture Trustee was negligent in ascertaining the pertinent facts; 

(iii) the Indenture Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it in good
faith in accordance with this Indenture and/or the direction of the Required Noteholders as to the time, method and place of conducting any proceeding for any remedy available to the Indenture Trustee or for exercising any trust or power conferred
upon the Indenture Trustee under this Indenture; 
 (iv) the Indenture Trustee shall not be deemed to have notice or
knowledge of any Event of Default, Early Amortization Event, or any other default unless a Responsible Officer of the Indenture Trustee has actual knowledge or shall have received written notice thereof. In the absence of such actual knowledge or
receipt of such notice, the Indenture Trustee may conclusively assume that none of such events have occurred and the Indenture Trustee shall not have any obligation or duty to determine whether any Event of Default, Early Amortization Event or any
other default has occurred; and 
 (v) the Indenture Trustee shall not have any duty (A) to see to any recording, filing
or depositing of this Indenture or any agreement referred to herein or any financing statement or amendments to a financing statement evidencing a security interest, or to see to the maintenance of any such recording or filing or depositing or to
any re-recording, refiling or redepositing of any thereof, (B) to see to any insurance or (C) to see to the payment or discharge of any tax, assessment, or other governmental charge or any lien or encumbrance of any kind owing with respect
to, assessed or levied against, any part of the Trust Estate other than from funds available in the Collection Account. 
 (d) No provision
of this Indenture shall require the Indenture Trustee to expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers if there is
reasonable ground for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured to it. 

(e) Whether or not therein expressly so provided, every provision of this Indenture that in any way relates to the Indenture Trustee is
subject to subsections (a), (b), (c) and (d) of this Section 6.01. 
 (f) Except as expressly provided in this Indenture, the
Indenture Trustee shall have no power to vary the Trust Estate, including, without limitation, by (i) accepting any substitute payment obligation for a Loan initially transferred to the Issuer under the Sale and Servicing Agreement,
(ii) adding any other investment, obligation or security to the Issuer or the Trust Estate or (iii) withdrawing from the Trust Estate any Loans (except as otherwise provided in the Loan Purchase Agreement and the Sale and Servicing
Agreement). 
 (g) The Indenture Trustee shall not have any responsibility or liability for investment losses on Eligible Investments (other
than as an obligor on any Eligible Investments on which the institution acting as Indenture Trustee is an obligor). The Indenture Trustee or its 

  
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Affiliates are permitted to receive additional compensation that could be deemed to be in the Indenture Trustee’s economic self-interest for (i) serving as investment adviser,
administrator, shareholder, servicing agent, custodian or subcustodian with respect to certain of the Eligible Investments, (ii) using Affiliates to effect transactions in certain Eligible Investments and (iii) effecting transactions in
certain Eligible Investments. Such compensation is not payable or reimbursable under Section 6.07 of this Indenture. 
 (h) Every
provision of this Indenture relating to the conduct of, affecting the liability of, or affording protection to the Indenture Trustee shall be subject to the provisions of this Section. 

Section 6.02 Notice of Early Amortization Event or Event of Default. Upon the occurrence of any Early Amortization Event or Event
of Default of which a Responsible Officer of the Indenture Trustee has actual knowledge or has received notice thereof at the Corporate Trust Office of the Indenture Trustee, the Indenture Trustee shall transmit by mail to all Noteholders as their
names and addresses appear on the Note Register and each Rating Agency, notice of such Early Amortization Event or Event of Default within ten (10) Business Days after such Responsible Officer receives such notice or obtains actual knowledge.

 Section 6.03 Certain Matters Affecting the Indenture Trustee. Except as otherwise provided in Section 6.01: 

(a) the Indenture Trustee may conclusively rely on and shall fully be protected in acting or refraining from acting in
accordance with any resolution, certificate, statement, instrument, Officer’s Certificate, opinion, report, notice, request, direction, consent, order, bond, note, or other paper or document reasonably believed by it to be genuine and to have
been signed or presented to it pursuant to this Indenture by the proper party or parties and shall be under no obligation to inquire as to the adequacy, accuracy or sufficiency of any such information or be under any obligation to make any
calculation or verifications in respect of any such information and shall not be liable for any loss that may be occasioned thereby; 

(b) before the Indenture Trustee acts or refrains from acting, it may require and shall be entitled to receive an
Officer’s Certificate of the Issuer and/or an Opinion of Counsel. The Indenture Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel; 

(c) as a condition to the taking, suffering or omitting of any action by it hereunder, the Indenture Trustee may consult with
counsel and the advice or opinion of such counsel with respect to legal matters relating to the Indenture or the Notes shall be full and complete authorization and protection from any liability in respect of any action taken, suffered or omitted by
it hereunder in good faith and in reliance thereon; 
 (d) the Indenture Trustee shall not be under any obligation to
exercise any of the rights or powers vested in it by this Indenture, or to honor the request or direction of any of the Noteholders pursuant to this Indenture to institute, conduct or defend any litigation hereunder in relation hereto, unless such
Noteholders shall have offered to the 

  
 36 

 
Indenture Trustee reasonable security or indemnity against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction; provided,
however, that nothing contained herein shall relieve the Indenture Trustee of the obligations, upon the occurrence of an Event of Default (which has not been cured or waived) to exercise such of the rights and powers vested in it by this
Indenture and to use the same degree of care or skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs; 

(e) the Indenture Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, note or other paper or document, believed by it to be genuine, but the Indenture Trustee, in its discretion, may make such further inquiry or
investigation into such facts or matters as it may see fit, and, if the Indenture Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Issuer and the Servicer,
personally or by agent or attorney; 
 (f) the Indenture Trustee shall not be liable for any actions taken, suffered or
omitted by it in good faith and believed by it to be authorized or within the discretion or rights or powers conferred upon the Indenture Trustee by this Indenture; 

(g) except as expressly required pursuant to the terms of this Indenture, the Indenture Trustee shall not be required to make
any initial or periodic examination of any documents or records related to any of the Trust Estate for the purpose of establishing the presence or absence of defects, the compliance by the Issuer or any other Person (other than the Indenture
Trustee) with its representations and warranties or for any other purpose except as expressly required pursuant to the terms of the Indenture; 

(h) whether or not therein expressly so provided, every provision of this Indenture relating to the conduct or affecting the
liability of or affording protection to the Indenture Trustee shall be subject to the provisions of this Section; 
 (i) the
Indenture Trustee shall not have any liability with respect to the acts or omissions of the Servicer (except and to the extent the Indenture Trustee is the Servicer), including acts or omissions in connection with the servicing, management or
administration of Loans; calculations made by the Servicer whether or not reported to the Issuer or Indenture Trustee; and deposits into or withdrawals from any accounts or funds established pursuant to the terms of this Indenture; 

(j) the rights, immunities, indemnities and protections afforded to the Indenture Trustee pursuant to this Article VI shall
also be afforded to any entity serving as Note Registrar; 
 (k) the Indenture Trustee shall not be responsible or liable in
any manner whatsoever for calculation, determination and/or verification of the allocations of Collections, determinations of monthly interest or the applications of Available Funds pursuant to this Indenture; 

  
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 (l) the right of the Indenture Trustee to perform any discretionary act
enumerated in this Indenture shall not be construed as a duty, and the Indenture Trustee shall not be answerable for other than its negligence or willful misconduct in the performance of such act; 

(m) the Indenture Trustee shall not be required to give any bond or surety in respect of the execution of the Note Accounts
created hereby or in the powers granted hereunder; 
 (n) the Indenture Trustee may execute any of the trusts or powers
hereunder or perform any duties hereunder either directly or by or through agents, attorneys, custodians or nominees, and the Indenture Trustee shall not be responsible for any misconduct or negligence on the part of any agent, attorney, custodians
or nominees appointed with due care by it hereunder; provided, that the Indenture Trustee shall remain obligated and be liable to the Issuer and the Noteholders for the execution of their respective trusts and powers and performance of their
respective duties hereunder without diminution of such obligations and liability by virtue of the appointment of any such agent, attorney, custodian or nominee, and to the same extent and under the same terms and conditions as if the Indenture
Trustee alone were individually executing or performing such obligations; provided, however, that the Indenture Trustee shall not be liable for the execution or performance of any such obligations of the Indenture Trustee by any of the
original parties (including any successors or assigns) to the Transaction Documents; 
 (o) the Indenture Trustee shall not
be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its rights or powers; provided, however, that the Indenture Trustee’s conduct does not constitute willful misconduct,
negligence or bad faith; 
 (p) in no event shall the Indenture Trustee be responsible or liable for punitive, special,
indirect, or consequential loss or damage of any kind whatsoever (including, without limitation, loss of profit) irrespective of whether the Indenture Trustee has been advised of the likelihood of such loss or damage and regardless of the form of
action; and 
 (q) the Indenture Trustee may request that the Issuer deliver an Officer’s Certificate setting forth the
names of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture, which Officer’s Certificate may be signed by any person authorized to sign an Officer’s Certificate, including any
person specified as so authorized in any such certificate previously delivered and not superseded. 
 Neither the Indenture Trustee nor the Issuer Loan
Trustee for the benefit of the Issuer shall have any responsibility to the Issuer or the Noteholders to make any inquiry or investigation as to, and shall have no obligation in respect of, the terms of any engagement of independent public
accountants by the Issuer or the Servicer; provided that the Indenture Trustee and the Issuer Loan Trustee for the benefit of the Issuer are hereby directed to and, upon receipt of an Issuer Order or

  
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written direction from the Depositor, shall execute any acknowledgment or other agreement with the independent accountants required for the Indenture Trustee and the Issuer Loan Trustee for the
benefit of the Issuer to receive any of the reports or instructions provided for herein or the Sale and Servicing Agreement, which acknowledgment or agreement may include, among other things, (i) acknowledgements with respect to the sufficiency
of the agreed upon procedures to be performed by the independent accountants by the Issuer, (ii) releases of claims (on behalf of itself and the Holders) and other acknowledgments of limitations of liability in favor of the independent
accountants, or (iii) restrictions or prohibitions on the disclosure of information or documents provided to it by such firm of independent accountants (including to the Holders). It is understood and agreed that the Indenture Trustee and the
Issuer Loan Trustee, for the benefit of the Issuer, will deliver such acknowledgement or other agreement in conclusive reliance on the foregoing direction of the Issuer (or Depositor), and neither the Indenture Trustee nor the Issuer Loan Trustee
for the benefit of the Issuer shall make any inquiry or investigation as to, and shall have no obligation in respect of, the sufficiency, validity or correctness of such procedures. Notwithstanding the foregoing, in no event shall the Indenture
Trustee or the Issuer Loan Trustee for the benefit of the Issuer be required to execute any agreement in respect of the independent accountants that the Indenture Trustee or the Issuer Loan Trustee for the benefit of the Issuer determines adversely
affects it in its individual capacity. 
 Section 6.04 Not Responsible for Recitals or Issuance of Notes. The recitals contained
herein and in the Notes, except with respect to the Indenture Trustee and its certificate of authentication, shall not be taken as the statements of the Indenture Trustee, and the Indenture Trustee does not assume any responsibility for their
correctness. The Indenture Trustee does not make any representation as to the validity or sufficiency of the Indenture, the Notes or any related document or as to the perfection or priority of any security interest therein. The Indenture Trustee
shall not be accountable for the use or application by the Issuer of the proceeds from the Notes. 
 Section 6.05 Indenture Trustee
May Hold Notes. The Indenture Trustee, the Note Registrar or any other agent of the Issuer, in its individual or any other capacity, may become the owner or pledgee of Notes and subject to Section 6.11, may otherwise deal with the Issuer or
its affiliates with the same rights it would have if it were not Indenture Trustee, Note Registrar or such other agent. 
 Section 6.06
Money Held in Trust. Money held by the Indenture Trustee in trust hereunder need not be segregated from other funds held by the Indenture Trustee in trust hereunder except to the extent required herein or required by law. The Indenture
Trustee shall not be under any liability for interest on any money received by it hereunder except (i) as otherwise agreed upon in writing by the Indenture Trustee and the Issuer and (ii) as an obligor with respect to Eligible Investments
on which the institution acting as Indenture Trustee is an obligor. 
 Section 6.07 Compensation, Reimbursement and
Indemnification. (a) The Indenture Trustee shall be entitled to recover as compensation, for acting as Indenture Trustee and, if applicable, Note Registrar, on each Payment Date and, in accordance with the priority set forth in
Section 8.06, an annual fee (which compensation shall not be limited by any law on compensation of a trustee of an express trust) equal to $10,000, payable monthly, calculated on 

  
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the basis of a 360-day year consisting of twelve 30-day months (or in the case of the initial Payment Date, 36 days). In addition to compensation for its services, the Issuer shall reimburse, in
each case in accordance with the priority set forth in Section 8.06, (i) the Indenture Trustee and the Note Registrar, for all reasonable out-of-pocket expenses (including reasonable fees and out-of-pocket expenses, disbursements and
advances of any agents, any co-trustee, counsel, accountants and experts) incurred or made by it (including without limitation expenses incurred in connection with notices or other communications to the Noteholders), disbursements and advances
incurred or made by the Indenture Trustee and the Note Registrar in accordance with any of the provisions of this Indenture (including but in no way limited to any expenses incurred pursuant to Section 5.04, Section 5.05, Section 5.06
and Section 5.07), or any of the Transaction Documents and (ii) the Account Bank, for all reasonable out-of-pocket expenses, disbursements and advances incurred or made by it in accordance with Section 8.02(f), if any. Such expenses
shall include the reasonable fees and out-of-pocket expenses, disbursements and advances of any agents, any co-trustee, counsel, accountants and experts, except any such expense, disbursement or advance as may arise from its willful misconduct,
negligence or bad faith. In no event shall the Indenture Trustee or any agent of the Indenture Trustee advance any funds for the payment of principal, interest or premium on any Notes. The Issuer shall, in accordance with the priority set forth in
Section 8.06, indemnify and hold harmless the Indenture Trustee, the Account Bank and the Note Registrar and its officers, directors, agents and employees against any and all loss, suit, claim, judgment, liability or expense (including the
reasonable fees and expenses of counsel) incurred by it in connection with the administration of this trust and the performance of its duties hereunder and under the Transaction Documents. The Indenture Trustee, the Account Bank or the Note
Registrar, as applicable, shall notify the Issuer and the Servicer promptly of any claim for which it may seek indemnity. Failure by the Indenture Trustee, the Account Bank or the Note Registrar, as applicable, to so notify the Issuer and the
Servicer shall not relieve the Issuer of its obligations hereunder unless such loss, liability or expense could have been avoided with such prompt notification and then only to the extent of such loss, expense or liability which could have been so
avoided. The Issuer shall not be required to reimburse any expense or indemnify against any loss, liability or expense incurred by the Indenture Trustee, the Account Bank or the Note Registrar, as applicable, through the willful misconduct,
negligence, fraud or bad faith of the Indenture Trustee, the Account Bank or the Note Registrar, as applicable. 
 (b) The provisions of
this Section shall survive the resignation and removal of the Indenture Trustee and the discharge of this Indenture. When the Indenture Trustee incurs expenses after the occurrence of an Event of Default specified in Section 5.02(d) with
respect to the Issuer, the expenses are intended to constitute expenses of administration under Title 11 of the United States Code or any other applicable federal or state bankruptcy, insolvency or similar law. 

(c) Notwithstanding anything herein to the contrary, the right of the Indenture Trustee, the Account Bank or the Note Registrar, as
applicable, to enforce any of the Issuer’s payment obligations pursuant to this Section 6.07 shall be subject to the provisions of Section 11.16(a). 

Section 6.08 Replacement of Indenture Trustee. (a) No resignation or removal of the Indenture Trustee and no appointment of a
successor Indenture Trustee shall become effective until the acceptance of appointment by the successor Indenture Trustee pursuant to this 

  
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Section 6.08. The Indenture Trustee may resign at any time by giving sixty (60) days prior written notice to the Issuer. The Required Noteholders may remove the Indenture Trustee and
any or all of its agents by so notifying the Indenture Trustee and may appoint a successor Indenture Trustee. The Issuer shall remove the Indenture Trustee by giving sixty (60) days prior written notice to the Indenture Trustee if: 

(i) the Indenture Trustee fails to comply with Section 6.11; 

(ii) the Indenture Trustee shall consent to the appointment of a conservator or receiver or liquidator in any insolvency,
readjustment of debt, marshalling of assets and liabilities or similar proceedings of or relating to the Indenture Trustee or all or substantially all of its property, or a decree or order of a court or agency or supervisory authority having
jurisdiction in the premises for the appointment of a conservator or receiver or liquidator in any insolvency, readjustment of debt, marshalling of assets and liabilities or similar proceedings, or for the winding-up or liquidation of its affairs,
shall have been entered against the Indenture Trustee; or the Indenture Trustee shall admit in writing its inability to pay its debts generally as they become due, file a petition to take advantage of any applicable insolvency or reorganization
statute, make an assignment for the benefit of its creditors or voluntarily suspend payment of its obligations; or 
 (iii)
the Indenture Trustee otherwise becomes incapable of acting. If the Indenture Trustee resigns or is removed, or if a vacancy exists in the office of the Indenture Trustee for any reason (the Indenture Trustee in such event being referred to herein
as the retiring Indenture Trustee), the Issuer shall promptly appoint a successor Indenture Trustee, which successor shall be reasonably satisfactory to the Servicer. 

(b) Any resignation or removal of the Indenture Trustee and appointment of a successor indenture trustee pursuant to any of the provisions of
this Section shall not become effective until acceptance of appointment by the successor indenture trustee as provided in this Section 6.08(b). 

(i) Any successor indenture trustee appointed as provided herein shall execute, acknowledge and deliver to the Issuer, to the
Issuer Loan Trustee, to the Servicer and to its predecessor indenture trustee, as applicable, an instrument accepting such appointment hereunder, and thereupon the resignation or removal of the predecessor indenture trustee shall become effective
and such successor indenture trustee, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties and obligations of its predecessor hereunder, with like effect as if originally named as Indenture
Trustee herein. The predecessor indenture trustee shall deliver to the successor indenture trustee all documents or copies thereof and statements and all money and other property held by it hereunder; and the Issuer and the predecessor indenture
trustee shall execute and deliver such instruments and do such other things as may reasonably be required for fully and certainly vesting and confirming in the successor indenture trustee all such rights, powers, duties and obligations. 

  
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 (ii) No successor indenture trustee shall accept appointment as provided in this
Section unless at the time of such acceptance such successor indenture trustee shall be eligible under the provisions of Section 6.11. 

(iii) Upon acceptance of appointment by a successor indenture trustee as provided in this Section, such successor indenture
trustee shall provide notice of such succession hereunder to all Noteholders, and the Servicer shall provide such notice to each Rating Agency. 

(c) If a successor Indenture Trustee does not take office within thirty (30) days after the retiring Indenture Trustee resigns or is
removed, the retiring Indenture Trustee, the Issuer or the Holders of a majority of the aggregate unpaid principal amount of the Notes may petition any court of competent jurisdiction for the appointment of a successor Indenture Trustee. 

(d) If the Indenture Trustee ceases to be eligible in accordance with Section 6.11, any Noteholder may petition any court of competent
jurisdiction for the removal of the Indenture Trustee and the appointment of a successor Indenture Trustee. 
 (e) No Indenture Trustee
under this Indenture shall be liable for any action or omission of any successor indenture trustee. 
 Section 6.09 Successor
Indenture Trustee by Merger. If the Indenture Trustee consolidates with, merges or converts into, or transfers or sells all or substantially all its corporate trust business or assets to, another corporation or banking association, the
resulting, surviving or transferee corporation or banking association without any further act shall be the successor Indenture Trustee; provided, that such corporation or banking association shall be otherwise qualified and eligible under
Section 6.11. 
 If at the time such successor by merger, conversion, consolidation or transfer to the Indenture Trustee shall succeed
to such position, and any of the Notes shall have been authenticated but not delivered, any such successor to the Indenture Trustee may adopt the certificate of authentication of any predecessor indenture trustee and deliver such Notes so
authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Indenture Trustee may authenticate such Notes in the name of the successor to the Indenture Trustee; and in all such cases such
certificates shall have the full force which it is anywhere provided in the Notes or in this Indenture that the certificate of the Indenture Trustee shall have. 

Section 6.10 Appointment of Co-Indenture Trustee or Separate Indenture Trustee. (a) Notwithstanding any other provisions of
this Indenture, at any time, for the purpose of meeting any legal requirement of any jurisdiction in which any part of the Trust Estate may at the time be located, the Indenture Trustee shall have the power and may execute and deliver all
instruments to appoint one or more Persons to act as a co-trustee or co-trustees, or separate trustee or separate trustees, of all or any part of the Trust Estate, and to vest in such Person or Persons, in such capacity and for the benefit of the
Noteholders, such title to the Trust Estate, or any part hereof, and, subject to the other provisions of this Section, such powers, duties, obligations, rights and trusts as the Indenture Trustee may consider necessary or desirable. No 

  
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co-trustee or separate trustee hereunder shall be required to meet the terms of eligibility as a successor trustee under Section 6.11 and no notice to Noteholders of the appointment of any
co-trustee or separate trustee shall be required under Section 6.08. 
 (b) Every separate trustee and co-trustee shall, to the extent
permitted by law, be appointed and act subject to the following provisions and conditions: 
 (i) all rights, powers, duties
and obligations conferred or imposed upon the Indenture Trustee shall be conferred or imposed upon and exercised or performed by the Indenture Trustee and such separate trustee or co-trustee jointly (it being understood that such separate trustee or
co-trustee is not authorized to act separately without the Indenture Trustee joining in such act), except to the extent that under any law of any jurisdiction in which any particular act or acts are to be performed the Indenture Trustee shall be
incompetent or unqualified to perform such act or acts, in which event such rights, powers, duties and obligations (including the holding of title to the Trust Estate or any portion thereof in any such jurisdiction) shall be exercised and performed
singly by such separate trustee or co-trustee, but solely at the direction of the Indenture Trustee; 
 (ii) no separate
trustee or co-trustee hereunder shall be personally liable by reason of any act or omission of any other separate trustee or co-trustee hereunder; and (iii) the Indenture Trustee may at any time accept the resignation of or remove any separate
trustee or co-trustee. 
 (c) Any notice, request or other writing given to the Indenture Trustee shall be deemed to have been given to each
of the then separate trustees and co-trustees, as effectively as if given to each of them. Every instrument appointing any separate trustee or co-trustee shall refer to this Indenture and the conditions of this Article VI. Each separate trustee and
co-trustee, upon its acceptance of the trusts conferred, shall be vested with the estates or property specified in its instrument of appointment, either jointly with the Indenture Trustee or separately, as may be provided therein, subject to all the
provisions of this Indenture, specifically including every provision of this Indenture relating to the conduct of, affecting the liability of, or affording protection to, the Indenture Trustee. Every such instrument shall be filed with the Indenture
Trustee. 
 (d) Any separate trustee or co-trustee may at any time constitute the Indenture Trustee its agent or attorney-in-fact with full
power and authority, to the extent not prohibited by law, to do any lawful act under or in respect of this Indenture on its behalf and in its name. If any separate trustee or co-trustee shall die, become incapable of acting, resign or be removed,
all of its estates, properties, rights, remedies and trusts shall vest in and be exercised by the Indenture Trustee, to the extent permitted by law, without the appointment of a new or successor trustee. 

Section 6.11 Eligibility; Disqualification. The Indenture Trustee shall at all times have a combined capital and surplus of at
least $50,000,000 as set forth in its most recent published annual report of condition and its long-term unsecured debt shall be rated at least Baa3 by Moody’s and at least BBB- by Standard & Poor’s. The Indenture Trustee
(1) shall meet the requirements of Section 26(a)(1) of the Investment Company, (2) shall not be an Affiliate of the 

  
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Issuer, the Depositor or the initial Servicer and (3) shall not offer or provide credit or credit enhancement to the Issuer. In case at any time the Indenture Trustee shall cease to be
eligible in accordance with the provisions of this Section, the Indenture Trustee shall resign immediately in the manner and with the effect specified in Section 6.08. 

Section 6.12 Representations and Warranties of the Indenture Trustee. The Indenture Trustee represents and warrants that: 

(i) the Indenture Trustee is duly organized and validly existing under the laws of the jurisdiction of its organization; 

(ii) the Indenture Trustee has full power and authority to deliver and perform this Indenture and has taken all necessary
action to authorize the execution, delivery and performance by it of this Indenture and each other Transaction Document to which it is a party; 

(iii) each of this Indenture and each other Transaction Document to which it is a party has been duly executed and delivered by
the Indenture Trustee and constitutes its legal, valid and binding obligation in accordance with its terms; and 
 (iv) the
Indenture Trustee meets the eligibility requirements set forth in Section 6.11. 
 Section 6.13 Execution of Transaction
Document. The Issuer hereby directs the Indenture Trustee (and by its acceptance of Notes, each Holder is hereby deemed to have directed the Indenture Trustee) to execute the Back-up Servicing Agreement, the Sale and Servicing Agreement, the
Performance Support Agreement and each other Transaction Document to which the Indenture Trustee is contemplated to be a party. 

Section 6.14 Rule 15Ga-1 Compliance. (a) To the extent a Responsible Officer of the Indenture Trustee receives a demand for
the repurchase of a Loan based on a breach of a representation or warranty made by the Seller of such Loan (each, a “Demand”), the Indenture Trustee agrees (i) if such Demand is in writing, promptly to forward such Demand to
the Depositor and such Seller, and (ii) if such Demand is oral, to instruct the requesting party to submit such Demand in writing to the Indenture Trustee and the Depositor. 

(b) In connection with the repurchase of a Loan pursuant to a Demand, any dispute with respect to a Demand, or the withdrawal or final
rejection of a Demand by the Seller of such Loan, the Indenture Trustee agrees, to the extent a Responsible Officer of the Indenture Trustee has actual knowledge thereof, promptly to notify the Depositor in writing. 

(c) The Indenture Trustee will (i) notify the Depositor, as soon as practicable and in any event within five (5) Business Days of
the receipt thereof and in the manner set forth in Exhibit D hereof, of all Demands and provide to the Depositor any other information reasonably requested to facilitate compliance by it with Rule 15Ga-1 under the Exchange Act (“Rule 15Ga-1
Information”), and (ii) if requested in writing by the Depositor, provide a written certification no later than fifteen (15) days following any calendar quarter or calendar year that the Indenture Trustee has not received any
Demands for such period, or if Demands have been 

  
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received during such period, that the Indenture Trustee has provided all the information reasonably requested under clause (i) above with respect to such demands. For purposes of this
Agreement, references to any calendar quarter shall mean the related preceding calendar quarter ending in March, June, September, or December, as applicable. The Indenture Trustee has no duty or obligation to undertake any investigation or inquiry
related to any repurchases of Loans, or otherwise assume any additional duties or responsibilities, other than those express duties or responsibilities of the Indenture Trustee hereunder or under the Transaction Documents, and no such additional
obligations or duties are otherwise implied by the terms of this Indenture. The Depositor has full responsibility for compliance with all related reporting requirements associated with the transaction completed by the Transaction Documents and for
all interpretive issues regarding this information. 
 Section 6.15 Performance Support Agreement. The Indenture Trustee shall,
at the direction of the Holders of the Notes representing not less than a majority of the aggregate unpaid principal amount of all Notes Outstanding, make a demand for any payments due to the Indenture Trustee, for its benefit and for the benefit of
the Noteholders, under the Performance Support Agreement. 
 ARTICLE VII 

NOTEHOLDERS’ LIST AND REPORTS 

Section 7.01 Issuer to Furnish Indenture Trustee Names and Addresses of Noteholders. The Issuer will furnish or cause to be
furnished to the Indenture Trustee (a) not more than five (5) Business Days after each Record Date, a list, in such form as the Indenture Trustee may reasonably require, of the names, addresses and taxpayer identification numbers of the
Holders of Notes as they appear on the Note Register as of the most recent Record Date, and (b) at such other times as the Indenture Trustee may request in writing, within thirty (30) days after receipt by the Issuer of any such request, a
list of similar form and content as of a date not more than ten (10) Business Days prior to the time such list is furnished; provided, however, that so long as the Indenture Trustee is the Note Registrar, no such list shall be
required to be furnished to the Indenture Trustee. 
 Section 7.02 Preservation of Information; Communications to Noteholders.
(a) The Indenture Trustee shall preserve, in as current a form as is reasonably practicable, the names and addresses of the Noteholders contained in the most recent list furnished to the Indenture Trustee as provided in Section 7.01 and
the names, addresses and taxpayer identification numbers of the Noteholders received by the Indenture Trustee in its capacity as Note Registrar. The Indenture Trustee may destroy any list furnished to it as provided in Section 7.01 hereof upon
receipt of a new list so furnished. 
 (b) Noteholders may communicate with other Noteholders with respect to their rights under this
Indenture or under the Notes. 

  
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 ARTICLE VIII 

ALLOCATION AND APPLICATION OF COLLECTIONS 

Section 8.01 Collection of Money. Except as otherwise expressly provided herein, the Indenture Trustee may demand payment or
delivery of, and shall receive and collect, directly and without intervention or assistance of any fiscal agent or other intermediary, all money and other property payable to or receivable by the Indenture Trustee pursuant to this Indenture. The
Indenture Trustee shall apply all such money and property received by it in trust for the related Noteholders and shall apply it as provided in this Indenture. Except as otherwise expressly provided in this Indenture, if any default occurs in the
making of any payment or performance under any Transaction Document, the Indenture Trustee may, and upon the written request of the Required Noteholders shall, take such action as may be appropriate to enforce such payment or performance, including
the institution and prosecution of appropriate Proceedings. Any such action shall be without prejudice to any right to claim an Early Amortization Event or an Event of Default under this Indenture and to proceed thereafter as provided in Article V
hereof. 
 Section 8.02 Establishment of the Note Accounts. (a) (i) The Servicer, for the benefit of the Noteholders,
shall establish and maintain with the Indenture Trustee and in the name of the Indenture Trustee, on behalf of the Issuer, an Eligible Deposit Account bearing a designation clearly indicating that such account is the “Collection Account”
hereunder and that the funds and other property credited thereto are held for the benefit of the Noteholders (the “Collection Account”). 

(ii) The Servicer, for the benefit of the Noteholders, shall establish and maintain with the Indenture Trustee and in the name
of the Indenture Trustee, on behalf of the Issuer, an Eligible Deposit Account bearing a designation clearly indicating that such account is the “Principal Distribution Account” hereunder and that the funds and other property credited
thereto are held for the benefit of the Noteholders (the “Principal Distribution Account”). The Issuer may deposit or cause the deposit into the Principal Distribution Account from time to time of funds available to the Issuer that
are not required to be deposited into another Note Account or otherwise allocated or to be held in trust on behalf of any Person in accordance with this Indenture or any other Transaction Document. 

(iii) The Servicer, for the benefit of the Noteholders, shall cause to be established and maintained with the Indenture Trustee
and in the name of the Indenture Trustee, on behalf of the Issuer, an Eligible Deposit Account that shall bear a designation clearly indicating that the funds deposited therein are held for the benefit of the Noteholders (the “Reserve
Account”). On the Closing Date, the Depositor shall cause to be deposited in the Reserve Account the Required Reserve Account Amount. No later than 5:00 p.m., New York City time on the Business Day preceding each Payment Date, during the
Revolving Period, the Indenture Trustee, based solely upon written instructions furnished to the Indenture Trustee by the Servicer (which instruction may be included in the Monthly Servicer Report), shall withdraw from the Reserve Account and
distribute as described in Section 8.06, the Reserve Account Draw Amount for such Payment Date, which amount shall constitute Available Funds for application in accordance with Section 8.06. 

  
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 (b) The Note Accounts shall be under the sole dominion and control of the Indenture Trustee for
the benefit of the Noteholders. Except as expressly provided in this Indenture and the Sale and Servicing Agreement, the Servicer agrees that it shall have no right of set-off or banker’s lien against, and no right to otherwise deduct from, any
funds and other property held in the Note Accounts for any amount owed to it by the Indenture Trustee, the Issuer or any Noteholder. Pursuant to the Sale and Servicing Agreement, the Servicer shall instruct the Indenture Trustee to make withdrawals
and payments from the Collection Account for the purposes of carrying out the Servicer’s, the Issuer’s or the Indenture Trustee’s duties hereunder and under the Sale and Servicing Agreement. 

(c) Funds (other than amounts deposited pursuant to Section 10.02 of this Indenture) on deposit in the Note Accounts shall, at the
written direction of the Servicer, be invested by the Indenture Trustee in Eligible Investments selected by the Servicer. All investment earnings (net of losses and investment expenses) on such Eligible Investments shall be credited to the
applicable Note Account. All such Eligible Investments shall be held by the Indenture Trustee for the benefit of the Noteholders pursuant to Section 6.06. In the absence of written directions from the Servicer, the Indenture Trustee may (but
shall not be obligated) to invest such funds in Eligible Investments described in clause (d) of the definition thereof. Funds representing Collections collected during any Collection Period shall be invested in Eligible Investments that will
mature no later than the Business Day immediately prior to the Payment Date following the end of such Collection Period. No such Eligible Investment shall be disposed of prior to its maturity. Funds deposited in the Note Accounts on the Business Day
immediately prior to a related Payment Date shall not be invested overnight. On each Payment Date, all interest and other investment earnings (net of losses and investment expenses) on funds on deposit in the Note Accounts that are to be distributed
on such Payment Date shall be treated as “Collections” received during the related Collection Period. The Indenture Trustee shall not bear any responsibility or liability for any losses resulting from investment or reinvestment of
any funds in accordance with this Section nor for the selection of Eligible Investments in accordance with the provisions of this Indenture. In addition, the Indenture Trustee shall not have any liability in respect of the losses incurred as a
result of the liquidation of any Eligible Investment prior to its stated maturity or the failure of the Servicer to provide timely written investment direction. 

(d) The Indenture Trustee shall only be obligated to make payments from the Collection Account to the extent such amounts are deposited
therein. 
 (e) If, at any time, a Note Account ceases to be an Eligible Deposit Account, the Indenture Trustee (or the Servicer on its
behalf) shall within ten (10) Business Days (or such longer period, not to exceed thirty (30) calendar days, as to which each Rating Agency may consent) establish a new Note Account meeting the applicable conditions specified above and in
this section, transfer any money, instruments, investment property and other property to such new Note Account and from the date such new account is established, it shall be the applicable Note Account. 

  
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 (f) Wells Fargo Bank, N.A., in its capacity as securities intermediary or depositary bank with
respect to each Note Account (the “Account Bank”), hereby agrees that (i) each of the Note Accounts is a securities account, within the meaning of Section 8-501 of the UCC, maintained at the Account Bank; (ii) each
item of property (whether investment property, financial asset, security, cash or instrument) credited to any Note Account shall be treated as a “financial asset” within the meaning of Section 8-102(a)(9) of the UCC, (iii) the
Account Bank shall treat the Indenture Trustee as entitled to exercise the rights that comprise each financial asset credited to the Note Accounts, (iv) the Account Bank shall comply with entitlement orders originated by the Indenture Trustee
with respect to any of the Note Accounts without the further consent of any other person or entity, (v) except as otherwise provided in subsection (a) of this Section, the Account Bank shall not agree to comply with entitlement orders
originated by any person or entity other than the Indenture Trustee, (vi) the Note Accounts, and all property credited to such accounts shall not be subject to any lien, security interest, right of set-off or encumbrance in favor of the Account
Bank in its capacity as securities intermediary or depositary bank or anyone claiming through the Account Bank as securities intermediary or depositary bank, and (vii) the jurisdiction of the Account Bank, in its capacity as securities
intermediary with respect to each Note Account, shall be the State of New York for purposes of the UCC. Except as may be provided by the applicable published terms of its account agreements, the Account Bank shall enjoy all the same rights,
protections, immunities and indemnities as the Indenture Trustee. With respect to any Note Account that is not maintained at the Indenture Trustee, the Issuer (or the Servicer on its behalf) shall cause the securities intermediary or depositary bank
with respect to each such Note Account to enter into an agreement or agreements (i) providing the Indenture Trustee with “control” of such Note Account (within the meaning of Section 9-104 or Section 9-106 of the UCC);
(ii) requiring: (A) that each of the Note Accounts is either a securities account or a deposit account, (B) each item of property (whether investment property, financial asset, security, cash or instrument) credited to any Note
Account shall be treated as a “financial asset” within the meaning of Section 8- 102(a)(9) of the UCC to the extent any such Note Account is a securities account (except that such an agreement may provide that cash may be treated as
being credited to a deposit account), (C) such securities intermediary or depositary bank shall treat the Indenture Trustee as entitled to exercise the rights that comprise each financial asset credited to the Note Accounts, (D) such
securities intermediary or depositary bank shall comply with entitlement orders originated by the Indenture Trustee with respect to any Note Account that is a securities account and shall comply with instructions directing the disposition of funds
originated by the Indenture Trustee with respect to any Note Account that is a deposit account, in each case without the further consent of any other person or entity, and shall not agree to comply with entitlement orders or instructions directing
the disposition of funds originated by any person or entity other than the Indenture Trustee, (E) the Note Accounts, and all property credited to such accounts shall not be subject to any lien, security interest, right of set-off or encumbrance
in favor of such securities intermediary or depositary bank in its capacity as securities intermediary or depositary bank or anyone claiming through it; and (iii) that designate a single State within the United States as the jurisdiction of
such securities intermediary or depositary bank with respect to each Note Account for purposes of the UCC. 
 Section 8.03
Collections and Allocations. The Servicer shall apply, or shall instruct the Indenture Trustee in writing (which instruction may be included in the Monthly Servicer Report) to apply and the Indenture Trustee shall apply, all funds on deposit
in the 

  
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Collection Account as described in this Article VIII. Except as otherwise provided below, the Servicer shall deposit Collections into the Collection Account as promptly as possible after the date
of processing of such Collections, but in no event later than the second (2nd) Business Day following the date of processing of such Collection by the applicable Subservicer, or if such
Collection was received directly by the Servicer, the Servicer. Notwithstanding anything else in this Indenture or the Sale and Servicing Agreement to the contrary, for so long as: (a) no Early Amortization Event or Event of Default has
occurred and is continuing; and (b) the Servicer or, so long as the Performance Support Provider is guaranteeing the obligations of the Servicer pursuant to the Performance Support Agreement, the Performance Support Provider maintains a long
term rating of “A” or higher and a short term rating of “A-1” or higher from S&P (it being understood that, in order to satisfy such rating requirement the Servicer or the Performance Support Provider itself, as applicable,
must maintain such rating and such rating may not be based on the rating of any affiliate, credit support provider or other Person), the Servicer need not make the deposits of Collections into the Collection Account as provided in the preceding
sentence, but may make a single deposit in the Collection Account in immediately available funds not later than 11:00 a.m., New York City time, on the Business Day preceding each Payment Date in an amount equal to the Collections received during the
related Collection Period. If the Servicer fails to make the deposit required by the preceding sentence by 11:00 a.m., New York City time, on the Business Day preceding the Payment Date, the Indenture Trustee shall promptly make a claim for payment
of the applicable amounts under the Performance Support Agreement. The Servicer may retain funds constituting Collections in an amount equal to its accrued and unpaid Servicing Fee and shall not be required to deposit such funds in the Collection
Account. 
 Section 8.04 Rights of Noteholders. As set forth in the Granting Clauses, the Trust Estate secures the obligation of
the Issuer to pay the Holders of the Notes principal and interest and the other amounts payable pursuant to this Indenture. 

Section 8.05 Release of Trust Estate. (a) Subject to Section 11.01, the Indenture Trustee may, and when required by the
provisions of this Indenture shall, upon Issuer Order, execute instruments prepared by and at the expense of the Issuer to release property from the lien of this Indenture, or convey the Indenture Trustee’s interest in the same, in a manner and
under circumstances which are not inconsistent with the provisions of this Indenture. No party relying upon an instrument executed by the Indenture Trustee as provided in this Article VIII shall be bound to ascertain the Indenture Trustee’s
authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies. 
 (b) The Indenture Trustee
upon Issuer Order shall authorize the Servicer to execute, in the name and on behalf of the Indenture Trustee, instruments of satisfaction or cancellation, or of partial or full release or discharge, and other comparable instruments with respect to
the Loans (and the Indenture Trustee shall execute any such documents on request of the Servicer), subject to the obligations of the Servicer under the Sale and Servicing Agreement and only to the extent necessary to permit the Servicer to carry out
its servicing obligations thereunder. 
 (c) Upon Issuer Order, the Indenture Trustee shall, at such time as there are no Outstanding Notes
or amounts owing hereunder, release and transfer, without recourse, any 

  
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remaining portion of the Trust Estate (other than any cash held for the payment of the Notes pursuant to Section 4.02 and any other amounts to be applied to make payments on the Notes) from
the lien of this Indenture and release to the Issuer or any other Person entitled thereto any funds and other property then credited to the Collection Account and any other account established pursuant to Section 8.02. The Indenture Trustee
shall release property from the lien of this Indenture pursuant to this Section only upon receipt of an Issuer Order accompanied by an Officer’s Certificate of the Issuer and an Opinion of Counsel to the effect that all conditions precedent to
such release have been satisfied. 
 (d) Upon either (i) adjustment in the value of the Trust Certificate (if such adjustment is
available) or (ii) receipt in the Principal Distribution Account of the Reassignment Price with respect to any Reassigned Loan that is to be reassigned to the Depositor, in either case, subject to the conditions specified in, and in accordance
with, Section 2.10 of the Sale and Servicing Agreement and Section 8.07(v), such Reassigned Loan (together with the related Loan Agreement, all insurance proceeds allocable thereto, any other Purchased Assets relating to such Reassigned
Loan and all rights to payment and amounts due or to become due with respect thereto, and all proceeds thereof) shall automatically be released from the lien of this Indenture, without further action of any party hereto. 

(e) Upon receipt in the Collection Account of the Repurchase Price with respect to any Loan that is to be repurchased in accordance with
Section 2.06(b) of the Sale and Servicing Agreement, such repurchased Loan (together with the related Loan Agreement, all insurance proceeds allocable thereto, any other Purchased Assets relating to such repurchased Loans and all rights to
payment and amounts due or to become due with respect thereto, and all proceeds thereof) shall automatically be released from the lien of this Indenture, without further action of any party hereto. 

(f) Upon receipt in the Collection Account of the amount to be deposited by the Servicer with respect to any Loan that is to be assigned or
purchased and transferred to the Servicer in accordance with Section 3.03 of the Sale and Servicing Agreement, such Loan (together with the related Loan Agreement, all insurance proceeds allocable thereto and all rights to payment and amounts
due or to become due with respect thereto, and all proceeds thereof) shall automatically be released from the lien of this Indenture, without further action of any party hereto. 

(g) On the date when any Loan becomes a Charged-Off Loan in accordance with the Credit and Collection Policy, there shall automatically be
released from the lien of this Indenture, without further action of any party hereto, such Charged-Off Loan, all insurance proceeds allocable to such Loan, all rights to payment and amounts due or to become due with respect to all of the foregoing,
and all proceeds thereof; provided, that all recoveries and other amounts collected by the Issuer, the Depositor or the Servicer with respect to any Charged-Off Loan in accordance with the Credit and Collection Policy shall be paid to the
Issuer, shall be deposited in the Collection Account, shall be subject to the lien of this Indenture, and shall be applied as provided herein. 

  
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 (h) The Indenture Trustee shall release the Loans and related Sold Assets from the lien of this
Indenture in connection with an optional redemption pursuant to Section 8.08. 
 Section 8.06 Application of Available Funds
and the Reserve Account Draw Amount. (a) The Indenture Trustee shall distribute on each Payment Date, based solely upon written instruction furnished to the Indenture Trustee by the Servicer (which instruction may be included in the Monthly
Servicer Report), the Available Funds with respect to such Payment Date, in the following order of priority: 
 (i) (A)
first, pro rata (based on amounts owing), (1) to the Indenture Trustee, the Account Bank and the Note Registrar for amounts due to the Indenture Trustee or the Note Registrar pursuant to Section 6.07, (2) to the Owner Trustee
for amounts due pursuant to Section 11.01 of the Trust Agreement, (3) to the Back-up Servicer, any expenses of the Back-up Servicer (other than Servicing Transition Costs (as such term is defined in the Back-up Servicing Agreement))
reimbursable pursuant to the Back-up Servicing Agreement, if any, that have not been paid by the Servicer, (4) to the Depositor Loan Trustee, all fees and all reasonable out-of-pocket expenses then due to the Depositor Loan Trustee pursuant to
the Depositor Loan Trust Agreement, and (5) to the Issuer Loan Trustee, all fees and all reasonable out-of-pocket expenses then due to the Issuer Loan Trustee pursuant to the Issuer Loan Trust Agreement, and (B) second, to the Owner
Trustee, the Indenture Trustee, the Account Bank, the Note Registrar, Depositor Loan Trustee, the Issuer Loan Trustee, and any other Person entitled thereto, pro rata (based on amounts owing), any indemnified amounts due and owing from the
Issuer pursuant to any Transaction Document, in an aggregate amount for this clause (i), not to exceed $200,000 during any calendar year; provided, that such dollar amount limitation shall not apply following the occurrence and continuation
of an Event of Default; 
 (ii) to the Back-up Servicer, (A) an amount equal to the Back-up Servicing Fee for such
Payment Date, plus the amount of any Back-up Servicing Fee previously due but not previously paid to the Back-up Servicer; and (B) in the event that a Servicing Transition Period has commenced, an amount equal to the Servicing Transition
Costs, if any, not paid by the Servicer pursuant to the Back-up Servicing Agreement; provided, that the aggregate amount paid pursuant to this clause (ii)(B) on all Payment Dates shall not exceed $250,000; 

(iii) to the Servicer, an amount equal to the Servicing Fee for such Payment Date (to the extent not retained by the Servicer
pursuant to Section 8.03), plus the amount of any Servicing Fee previously due but not previously paid to the Servicer; 

(iv) to the Class A Noteholders, an amount equal to the Class A Monthly Interest Amount for such Payment Date,
plus the amount of any Class A Monthly Interest Amount previously due but not previously paid to the Class A Noteholders with interest thereon at the Class A Interest Rate; 

  
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 (v) an amount equal to the lesser of (A) the First Priority Principal
Payment for such Payment Date and (B) all funds remaining after giving effect to the distributions in clause (i) through (iv) above, to be deposited into the Principal Distribution Account; 

(vi) to the Class B Noteholders, an amount equal to the Class B Monthly Interest Amount for such Payment Date, plus the
amount of any Class B Monthly Interest Amount previously due but not previously paid to the Class B Noteholders with interest thereon at the Class B Interest Rate; 

(vii) an amount equal to the lesser of (A) the Second Priority Principal Payment for such Payment Date and (B) all
funds remaining after giving effect to the distributions in clause (i) through (vi) above, to be deposited into the Principal Distribution Account; 

(viii) to the Class C Noteholders, an amount equal to the Class C Monthly Interest Amount for such Payment Date, plus
the amount of any Class C Monthly Interest Amount previously due but not previously paid to the Class C Noteholders with interest thereon at the Class C Interest Rate; 

(ix) an amount equal to the lesser of (A) the Third Priority Principal Payment for such Payment Date and (B) all
funds remaining after giving effect to the distributions in clause (i) through (viii) above, to be deposited into the Principal Distribution Account; 

(x) to the Class D Noteholders, an amount equal to the Class D Monthly Interest Amount for such Payment Date, plus the
amount of any Class D Monthly Interest Amount previously due but not previously paid to the Class D Noteholders with interest thereon at the Class D Interest Rate; 

(xi) an amount equal to the lesser of (A) the Fourth Priority Principal Payment for such Payment Date and (B) all
funds remaining after giving effect to the distributions in clause (i) through (x) above, to be deposited into the Principal Distribution Account; 

(xii) to the Reserve Account, an amount equal to the lesser of (A) the Required Reserve Account Amount and (B) all
funds remaining after giving effect to the distributions in clause (i) through (xi) above; 
 (xiii) an amount
equal to the lesser of (A) the Regular Principal Payment Amount and (B) all funds remaining after giving effect to the distributions in clause (i) through (xii) above, to be deposited into the Principal Distribution Account; 

(xiv) prior to the occurrence and continuation of an Event of Default, to the Owner Trustee, the Indenture Trustee, the Account
Bank, the Note Registrar, the Issuer Loan Trustee, the Depositor Loan Trustee and the Back-up Servicer, pro rata (based on amounts owing), an amount equal to the lesser of (A) fees and reasonable out of pocket expenses to the extent not
paid in full pursuant to clause (a)(i)(A) above (and, in the case of the Back-up Servicer, which are reimbursable pursuant to the Back-up Servicing Agreement, if any, not paid by the Servicer) and (B) all funds remaining after giving effect to
the distributions in clause (i) through (xiii) above; 

  
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 (xv) prior to the occurrence and continuation of an Event of Default, to the
Owner Trustee, the Indenture Trustee, the Account Bank, the Note Registrar, the Issuer Loan Trustee, the Depositor Loan Trustee and any other Person entitled thereto, pro rata (based on amounts owing), an amount equal to the lesser of
(x) any indemnified amounts due and owing from the Issuer pursuant to any Transaction Document to the extent not paid in full pursuant to clause (a)(i)(B) above and (y) all funds remaining after giving effect to the distributions in clause
(i) through (xiv) above; and 
 (xvi) at the sole option of the Issuer, (A) to be deposited into the Principal
Distribution Account or (B) for application in accordance with the Trust Agreement. 
 (b) On each Payment Date, any amounts allocated
to the Principal Distribution Account pursuant to Section 8.06(a) above or otherwise available in the Principal Distribution Account shall be applied as follows: 

(i) during the Revolving Period, upon the direction of the Servicer, to be made available to the Issuer to be applied to pay
the Purchase Price of the Additional Loans identified on the Additional Loan Assignment Schedule delivered on the most recently occurring Document Delivery Date in accordance with the Sale and Servicing Agreement; provided, that the amount
applied pursuant to this clause (i) on any Payment Date shall not exceed the aggregate Loan Action Date Loan Principal Balance of such Additional Loans, and to the extent not so applied, to be retained in the Principal Distribution Account for
application as Available Funds pursuant to Section 8.06(a) on the next succeeding Payment Date; or 
 (ii) otherwise,
the Indenture Trustee shall distribute such amounts as follows: 
 (A) first, to the Class A Noteholders in
reduction of the Class A Note Balance, until the Class A Note Balance has been reduced to zero; provided, that if the Issuer elects to exercise its redemption option pursuant to Section 8.08(b), on such final Payment Date the
amount distributed to the Class A Noteholders pursuant to this clause (A) will equal 101% of the Class A Note Balance on the Record Date immediately preceding such final Payment Date; 

(B) second, to the Class B Noteholders in reduction of the Class B Note Balance, until the Class B Note Balance has been
reduced to zero; provided, that if the Issuer elects to exercise its redemption option pursuant to Section 8.08(b), on such final Payment Date the amount distributed to the Class B Noteholders pursuant to this clause (B) will equal
101% of the Class B Note Balance on the Record Date immediately preceding such final Payment Date; 
 (C) third, to
the Class C Noteholders in reduction of the Class C Note Balance, until the Class C Note Balance has been reduced to zero; provided, that if the Issuer elects to exercise its redemption option pursuant to Section 8.08(b), on such final
Payment Date the amount distributed to the Class C Noteholders pursuant to this clause (C) will equal 101% of the Class C Note Balance on the Record Date immediately preceding such final Payment Date; and 

  
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 (D) fourth, to the Class D Noteholders in reduction of the Class D Note
Balance, until the Class D Note Balance has been reduced to zero; provided, that if the Issuer elects to exercise its redemption option pursuant to Section 8.08(b), on such final Payment Date the amount distributed to the Class D
Noteholders pursuant to this clause (D) will equal 101% of the Class D Note Balance on the Record Date immediately preceding such final Payment Date. 

Section 8.07 Loan Actions. On any Loan Action Date occurring during the Revolving Period, the Issuer shall be permitted to take
one or more of the following actions (each such action, a “Loan Action”): 
 (i) Acquire Additional Loans on
such Loan Action Date (other than Renewal Loans (including any amount of Renewal Loan Advances) with respect to Renewal Loan Replacements that may be acquired on any day of such Collection Period that is during the Revolving Period) subject to the
conditions set forth below; 
 (ii) Other than by using amounts on deposit in the Principal Distribution Account or any other
portion of the Trust Estate acquire one or more Additional Loans, in each case in accordance with the Sale and Servicing Agreement; 

(iii) Designate any Loan that does not constitute a Charged-Off Loan or a Delinquent Loan, in each case as of the last day of
the Collection Period immediately preceding such Loan Action Date, as an “Excluded Loan” for all purposes of this Indenture (any such loan, an “Excluded Loan” and any such designation, an “Issuer Loan
Exclusion”); 
 (iv) Designate any Excluded Loan that does not constitute a Charged-Off Loan or a Delinquent Loan,
in each case as of the last day of the Collection Period immediately preceding such Loan Action Date, as not an “Excluded Loan” for all purposes of this Indenture; or 

(v) Identify any Loan that does not constitute a Charged-Off Loan or a Delinquent Loan, in each case as of the last day of the
Collection Period immediately preceding such Loan Action Date, and cause such Loan to be released from the Lien of the Indenture and reassign such Loan to the Depositor and the Depositor Loan Trustee for the benefit of the Depositor with such
release and reassignment to be effective on the Document Delivery Date immediately following such Loan Action Date (any such loan, a “Reassigned Loan” and any such release, an “Issuer Loan Release”); 

provided, that no Loan Actions may occur on any Loan Action Date unless no Reinvestment Criteria Event will exist on the Loan Action Date after giving
effect to all such Loan Actions on such Loan Action Date. 
 For the avoidance of doubt, any Excluded Loan and Collections thereon shall
remain part of the Trust Estate and subject to the lien of this Indenture in favor of the Indenture Trustee for the benefit of the Noteholders. 

  
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 No Loan Action by the Issuer and the Issuer Loan Trustee for the benefit of the Issuer, other
than as expressly provided in clause (v) above and in connection with a Renewal, may occur on any date other than a Loan Action Date. 

Upon the receipt of an Issuer Order accompanied with an Officer’s Certificate, the Indenture Trustee shall, in the manner directed in
such Issuer Order, take such actions necessary for the Issuer to consummate any Loan Actions. 
 Section 8.08 Optional Redemption of
the Notes. (a) The Issuer shall retire the Notes in the event that the Servicer exercises its optional purchase right pursuant to Section 2.09 of the Sale and Servicing Agreement to purchase all the remaining Sold Assets held by the
Issuer and the Issuer Loan Trustee for the benefit of the Issuer. The aggregate redemption price for the remaining Sold Assets in connection with the exercise of the option described in this clause (a) (the “Redemption Price”)
will be equal to the then aggregate fair market value of all of the Sold Assets as of the date which is five (5) Business Days prior to the Payment Date such option is exercised; provided that the option described in this clause
(a) shall not be exercised unless the Redemption Price equals or exceeds the sum of (i) the amount necessary to redeem all of the Notes in full (including, the Aggregate Note Principal Balance on the Record Date preceding the final Payment
Date identified in Section 8.08(c) plus accrued and unpaid interest on each Class of Notes then Outstanding up to, but excluding, the final Payment Date) on the final Payment Date in accordance with Section 8.06 (taking into account
all amounts of Available Funds and any other amounts then on deposit in the Note Accounts and available to be distributed pursuant to Section 8.06 on the final Payment Date) and (ii) any expenses, indemnification amounts or other amounts
owed to the Indenture Trustee, the Account Bank, the Note Registrar, the Servicer, the Owner Trustee, the Depositor Loan Trustee, the Issuer Loan Trustee and the Back-up Servicer. 

(b) The Issuer may redeem the Notes on any Payment Date on or after the Payment Date occurring in January 2018. The optional call amount in
connection with the exercise of the option described in this clause (b) (the “Optional Call Amount”) shall equal the result of (i) 101% of the Aggregate Note Principal Balance on the Record Date preceding the final Payment
Date identified in Section 8.08(c), plus (ii) accrued and unpaid interest on each Class of Notes then Outstanding up to but excluding the final Payment Date, plus (iii) any expenses, indemnification amounts or other
amounts owed to the Indenture Trustee, the Account Bank, the Note Registrar, the Servicer, the Owner Trustee, the Depositor Loan Trustee, the Issuer Loan Trustee and the Back-up Servicer, minus (iv) all amounts of Available Funds and any
other amounts then on deposit in the Note Accounts and available to be distributed pursuant to Section 8.06 on the final Payment Date. 

(c) In order to exercise its purchase option set forth in (a) or (b), the Servicer or the Issuer, as applicable (in such capacity, the
“Redeeming Party”), shall provide written notice of its exercise of such option to the Indenture Trustee and the Owner Trustee at least fifteen (15) days prior to the Payment Date on which it will exercise its option. Following
receipt of such notice, the Indenture Trustee shall provide written notice to the Noteholders of the final payment on the Notes. Such notice to Noteholders shall, to the extent practicable, be mailed no later than five (5) Business Days prior
to such final Payment Date and shall specify that payment of the aggregate outstanding principal amount and any interest due with respect to 

  
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such Note on the final Payment Date will be payable only upon presentation and surrender of such Note and shall specify the place where such Note may be presented and surrendered for such final
payment. No interest shall accrue on the Notes on or after the Stated Maturity Date or any such other final Payment Date (provided the Issuer does not default in the payment of the principal amount and interest due with respect to the Notes on such
final Payment Date). In addition, the Redeeming Party shall, not less than one (1) Business Day prior to the proposed Payment Date on which such purchase or redemption is to be made, deposit (or cause to be deposited) (i) into the
Principal Distribution Account, the portion of the Redemption Price or the Optional Call Amount, as applicable, required to make the distributions required under Section 8.06(b)(ii) on such final Payment Date and (ii) into the Collection
Account, the remaining portion of the Redemption Price or the Optional Call Amount, as applicable. The Indenture Trustee shall, on the Payment Date after receipt of the funds, apply such funds to make payments to all amounts owing to the transaction
parties, pursuant to any Transaction Document and make final payments of principal of and interest on the Notes in accordance with Section 8.06, and this Indenture shall be discharged subject to the provisions of Section 4.01. 

Section 8.09 Distributions and Payments to Noteholders. (a) Payments shall be made to, and reports shall be provided to,
Noteholders as set forth herein and in the Sale and Servicing Agreement. The identity of the Noteholders with respect to distributions and reports shall be determined as of the immediately preceding Record Date. 

(b) Subject to the provisions of Section 5.05, on each Payment Date, the Indenture Trustee, in accordance with the Monthly Servicer
Report and Section 8.06, shall pay to each Noteholder of record on the related Record Date (other than as provided in Section 10.02) or to such other Person as may be specified in Section 8.06, such amounts held by the Indenture
Trustee that are allocated and available on such Payment Date to pay amounts payable to the Noteholders or such other Person pursuant to Section 8.06. 

(c) Except as provided in Section 10.02 with respect to a final distribution, distributions to Noteholders hereunder shall be made by
wire transfer of same day funds to the account that has been designated by the applicable Noteholders not less than five (5) Business Days prior to such Payment Date. 

Section 8.10 Reports and Statements to Noteholders. (a) Not later than the second Business Day preceding each Payment Date,
the Servicer shall deliver to the Issuer, the Back-up Servicer and the Indenture Trustee a Monthly Servicer Report, substantially in the form of Exhibit C hereto, prepared by the Servicer. 

(b) The Indenture Trustee shall make each Monthly Servicer Report available to the Noteholders via its website at www.ctslink.com. 

(c) On or before March 31 of each calendar year, beginning with calendar year 2015, the Indenture Trustee, shall, upon written request,
furnish or cause to be furnished to each Person who at any time during the preceding calendar year was a Noteholder, a report prepared by the Servicer containing the information which is required to be contained in the Monthly Servicer Report
delivered pursuant to clause (a) above aggregated for such calendar year or the applicable portion thereof during which such Person was a Noteholder, together with 

  
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other information as is required to be provided by an issuer of indebtedness under the Internal Revenue Code. Such obligation of the Servicer shall be deemed to have been satisfied to the extent
that substantially comparable information shall be provided by the Indenture Trustee pursuant to any requirements of the Internal Revenue Code as from time to time in effect. 

ARTICLE IX 

SUPPLEMENTAL INDENTURES 

Section 9.01 Supplemental Indentures Without Consent of Noteholders. (a) Without the consent of the Holders of any Notes, the
Issuer, the Servicer and the Indenture Trustee, so long as the Rating Agency Condition has been satisfied with respect to the applicable supplemental indenture and the Indenture Trustee has been authorized by an Issuer Order, at any time and from
time to time, may enter into one or more indentures supplemental hereto, in form satisfactory to the Indenture Trustee, for any of the following purposes: 

(i) to correct or amplify the description of any property at any time subject to the lien of this Indenture, or better to
assure, convey and confirm unto the Indenture Trustee any property subject or required to be subjected to the lien of this Indenture, or to subject to the lien of this Indenture additional property; 

(ii) to add to the covenants of the Issuer, for the benefit of the Holders of the Notes, or to surrender any right or power
herein conferred upon the Issuer; 
 (iii) to convey, transfer, assign, mortgage or pledge any property to the Indenture
Trustee; 
 (iv) to cure any ambiguity, to correct or supplement any provision herein or in any supplemental indenture that
may be inconsistent with any other provision herein or in any supplemental indenture, or to make any other provisions with respect to matters or questions arising under this Indenture or in any supplemental indenture; provided, that such
action shall not have an Adverse Effect as evidenced by an Officer’s Certificate of the Servicer; or 
 (v) to evidence
and provide for the acceptance of the appointment hereunder by a successor indenture trustee and to add to or change any of the provisions of this Indenture as shall be necessary to facilitate the administration of the trusts hereunder by more than
one indenture trustee, pursuant to the requirements of Article VI. 
 The Indenture Trustee is hereby authorized to join in the execution of any such
supplemental indenture and to make any further appropriate agreements and stipulations that may be therein contained. 
 (b) The Issuer, the
Servicer and the Indenture Trustee, when authorized by an Issuer Order, may, also without the consent of any Noteholders of any Notes but upon satisfaction of the Rating Agency Condition, enter into an indenture or indentures supplemental hereto for
the purpose of adding any provisions to, or changing in any manner or eliminating any of the provisions of, this Indenture or of modifying in any manner the rights of the Holders of the 

  
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Notes under this Indenture; provided, however, that (i) the Issuer shall have delivered to the Indenture Trustee an Officer’s Certificate, dated the date of any such
action, stating that the Issuer reasonably believes that such action will not have an Adverse Effect, and (ii) the Issuer shall have delivered to the Indenture Trustee and each Rating Agency a Tax Opinion, dated the date of any such action,
addressing such action. 
 (c) Additionally, the Issuer and the Indenture Trustee, when authorized by an Issuer Order, may, without the
consent of any Noteholders, enter into an indenture or indentures supplemental hereto to add, modify or eliminate such provisions as may be necessary or advisable in order to enable all or any portion of the Issuer to avoid the imposition of state
or local income or franchise taxes imposed on the Issuer’s property or its income; provided, however, that (i) the Rating Agency Condition will have been satisfied, (ii) such amendment does not affect the rights, duties
or obligations of the Indenture Trustee hereunder without its consent and (iii) the Issuer delivers to the Indenture Trustee a Tax Opinion, dated the date of any such action, addressing such action. 

Section 9.02 Supplemental Indentures With Consent of Noteholders. The Issuer, the Servicer and the Indenture Trustee, when
authorized by an Issuer Order, also may, with the consent of the Holders of not less than a majority of the aggregate unpaid principal amount of the Outstanding Notes, by Act of such Holders delivered to the Issuer and the Indenture Trustee and with
prior notice to each Rating Agency, enter into an indenture or indentures supplemental hereto for the purpose of adding any provisions to, changing in any manner or eliminating any of the provisions of this Indenture or of modifying in any manner
the rights of the Noteholders under this Indenture; provided, however, that the Issuer shall have delivered to the Indenture Trustee a Tax Opinion, dated the date of any such action, addressing such action; and provided,
further, that, notwithstanding anything to the contrary contained herein, including, without limitation, Section 9.01, no supplemental indenture shall, without the consent of the Holder of each Outstanding Note affected thereby: 

(a) change the date of payment of any installment of principal of or interest on any Note, or reduce the principal amount thereof, the Interest
Rate specified thereon or the redemption price with respect thereto, change the provisions of this Indenture relating to the application of collections on, or the proceeds of the sale of, all or any portion of the Trust Estate to payment of
principal of or interest on the Notes, or change any place of payment where, or the coin or currency in which, any Note or any interest thereon is payable or impair the right to institute suit for the enforcement of the provisions of this Indenture
requiring the application of funds available therefor, as provided in Article V, to the payment of any such amount due on the Notes on or after the respective due dates thereof (or, in the case of redemption, the Redemption Date); 

(b) reduce the percentage of the aggregate unpaid principal amount of all Outstanding Notes, the consent of the Holders of which is required
for any such supplemental indenture, or the consent of the Holders of which is required for any waiver of compliance with the provisions of this Indenture or defaults hereunder and their consequences as provided for in this Indenture; 

  
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 (c) reduce the percentage of the aggregate unpaid principal amount of any Outstanding Notes, the
consent of the Holders of which is required to direct the Indenture Trustee to sell or liquidate the Trust Estate if the proceeds of such sale would be insufficient to pay the principal amount and accrued but unpaid interest on the Outstanding
Notes; 
 (d) modify any of the provisions of this Indenture in such manner as to affect the calculation of the amount of any payment of
interest or principal due on any Note on any Payment Date (including the calculation of any of the individual components of such calculation) or to affect the rights of the Holders of Notes to the benefit of any provisions for the mandatory
redemption of the Notes contained herein; 
 (e) modify or alter the provisions of this Indenture prohibiting the voting of Notes held by
the Issuer, any other obligor on the Notes, or the Depositor; 
 (f) permit the creation of any Lien ranking prior to or on a parity with
the Lien of this Indenture or, except as otherwise permitted or contemplated herein, terminate the Lien of this Indenture on any part of the Trust Estate or deprive the Holder of any Note of the security provided by the Lien of this Indenture; 

(g) modify or alter any provisions (including any relevant definitions) relating to the pro rata treatment of payments to any Class of
Notes; or 
 (h) (i) reduce the Required Over-collateralization Amount or change the manner in which the Adjusted Loan Principal Balance or
Payment Date Aggregate Principal Amount is calculated or structured, (ii) modify any Reinvestment Criteria Event, Early Amortization Event or Event of Default (or any defined term used therein), (iii) modify the provisions of this
Section 9.02 or (iv) amend or supplement Section 8.03 with respect to the provisions of permitting monthly deposits of Collections by the Servicer or Section 8.05 with respect to the provisions permitting the release of Loans
from the lien of the Indenture. 
 It shall not be necessary for any Act of Noteholders under this Section to approve the particular form of
any proposed supplemental indenture, but it shall be sufficient if such Act shall approve the substance thereof. 
 Promptly after the
execution by the Issuer, the Servicer and the Indenture Trustee of any supplemental indenture pursuant to this Section, the Indenture Trustee shall mail to the Holders of the Notes to which such amendment or supplemental indenture relates written
notice setting forth in general terms the substance of such supplemental indenture. Any failure of the Indenture Trustee to mail such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such
supplemental indenture. 
 Section 9.03 Execution of Supplemental Indentures. In executing any supplemental indenture permitted
by this Article IX or the modification thereby of the trusts created by this Indenture, the Indenture Trustee shall be entitled to receive, and subject to Sections 6.01 and 6.02, shall be fully protected in relying upon, an Opinion of Counsel
stating that the execution of such supplemental indenture is authorized or permitted by this Indenture. 

  
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 The Indenture Trustee may, but shall not be obligated to, enter into any supplemental indenture
that affects its (as such or in its individual capacity) own rights, duties, liabilities, benefits, protections, privileges or immunities under this Indenture or otherwise. 

Any supplemental indenture affecting the rights, duties, immunities or liabilities of the Issuer Loan Trustee shall require the Indenture Loan
Trustee’s written consent. 
 Section 9.04 Effect of Supplemental Indenture. Upon the execution of any supplemental
indenture under this Article IX, this Indenture shall be modified and amended in accordance therewith with respect to the Notes affected thereby, and the respective rights, limitations of rights, obligations, duties, liabilities and immunities under
this Indenture of the Indenture Trustee, the Issuer, the Issuer Loan Trustee, the Servicer and the Holders of the Notes shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments,
and the terms and conditions of any such supplemental indenture shall be deemed to be a part of this Indenture for any and all purposes. 

Section 9.05 Reference in Notes to Supplemental Indentures. Notes authenticated and delivered after the execution of any
supplemental indenture pursuant to this Article IX may, and if required by the Issuer or the Indenture Trustee shall, bear a notation in form approved by the Indenture Trustee as to any matter provided for in such supplemental indenture. If the
Issuer shall so determine, new Notes so modified as to conform, in the opinion of the Indenture Trustee and the Issuer, to any such supplemental indenture may be prepared and executed by the Issuer and authenticated and delivered by the Indenture
Trustee in exchange for the Outstanding Notes. 
 Section 9.06 Modification of Obligations of Owner Trustee. Notwithstanding
anything in this Article IX to the contrary, no amendment may be made to this Indenture that would adversely affect the rights, indemnities, immunities, liabilities or duties of the Owner Trustee without the written consent of the Owner Trustee.

 ARTICLE X 

TERMINATION 

Section 10.01 Termination of Indenture. The respective obligations and responsibilities of the Issuer, the Issuer Loan Trustee,
the Servicer and the Indenture Trustee created hereby (other than those which by their terms survive) shall terminate upon payment in full of all Outstanding Notes and the satisfaction in full of all other obligations of the Issuer, the Issuer Loan
Trustee, the Servicer and the Indenture Trustee pursuant to this Indenture. 
 Section 10.02 Final Distribution. (a) The
Servicer shall give the Indenture Trustee at least fifteen (15) days prior written notice of the Payment Date on which the Noteholders may surrender their Notes for payment of the final distribution on and cancellation of such Notes. Such
notice shall be accompanied by an Officer’s Certificate of the Servicer setting forth the information specified in Section 3.06 of the Sale and Servicing Agreement covering the period during the then-current calendar year through the date
of such notice. To the extent practicable, not later than five (5) Business Days prior to such final Payment Date, the 

  
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Indenture Trustee shall provide notice to Noteholders specifying (i) the date upon which final payment of the Notes will be made upon presentation and surrender of such Notes at the office
or offices therein designated, (ii) the amount of any such final payment and (iii) that the Record Date otherwise applicable to such Payment Date is not applicable, payments being made only upon presentation and surrender of such Notes at
the office or offices therein specified. The Indenture Trustee shall give such notice to the Note Registrar (if other than the Indenture Trustee) at the time such notice is given to Noteholders. 

(b) Notwithstanding a final distribution to the Noteholders (or the termination of the Issuer), except as otherwise provided in this clause
(b), all funds then on deposit in the Collection Account shall continue to be held in trust for the benefit of such Noteholders and the Indenture Trustee shall pay such funds to such Noteholders upon surrender of their Notes. In the event that all
such Noteholders shall not surrender their Notes for cancellation within six (6) months after the date specified in the notice from the Indenture Trustee described in clause (a) above, the Indenture Trustee shall give a second notice to
the remaining such Noteholders to surrender their Notes for cancellation and receive the final distribution with respect thereto. If within one (1) year after the second notice all such Notes shall not have been surrendered for cancellation,
the Indenture Trustee may take appropriate steps, or may appoint an agent to take appropriate steps, to contact the remaining such Noteholders concerning surrender of their Notes pursuant to and as described in Section 3.03. The Indenture
Trustee shall pay to the Issuer any monies held by them for the payment of principal or interest that remains unclaimed for two (2) years pursuant to and as described in Section 3.03. After payment to the Issuer, Noteholders entitled to
the money must look to the Issuer for payment as general creditors unless an applicable abandoned property law designates another Person. 

ARTICLE XI 

MISCELLANEOUS 

Section 11.01 Compliance Certificates. (a) Upon any application or request by the Issuer to the Indenture Trustee to take any
action under any provision of this Indenture, the Issuer shall furnish to the Indenture Trustee an Officer’s Certificate of the Issuer stating that all conditions precedent, if any, provided for in this Indenture relating to the proposed action
have been complied with. 
 (b) Every certificate with respect to compliance with a condition or covenant provided for in this Indenture
shall include: 
 (i) a statement that each signatory of such certificate has read or has caused to be read such covenant or
condition and the definitions herein relating thereto; 
 (ii) a brief statement as to the nature and scope of the
examination or investigation upon which the statements contained in such certificate are based; 
 (iii) a statement that, in
the opinion of each such signatory, such signatory has made such examination or investigation as is necessary to enable such signatory to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

  
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 (iv) a statement as to whether, in the opinion of each such signatory, such
condition or covenant has been complied with. 
 Section 11.02 Form of Documents Delivered to Indenture Trustee. In any case
where several matters are required to be certified by, or covered by an opinion of, any specified Person, it is not necessary that all such matters be certified by, or covered by the opinion of, only one such Person, or that they be so certified or
covered by only one document, but one such Person may certify or give an opinion with respect to some matters and one or more other such Persons as to other matters, and any such Person may certify or give an opinion as to such matters in one or
several documents. 
 Any certificate or opinion of an Authorized Officer of the Issuer may be based, insofar as it relates to legal
matters, upon a certificate or opinion of, or representations by, counsel, unless such Authorized Officer knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to the matters upon
which such Authorized Officer’s certificate or opinion is based are erroneous. Any such certificate of an Authorized Officer or Opinion of Counsel may be based, insofar as it relates to factual matters, upon a certificate or opinion of, or
representations by, an officer or officers of the Servicer, the Depositor, the Issuer or the Administrator, stating that the information with respect to such factual matters is in the possession of the Servicer, the Depositor, the Issuer or the
Administrator, unless such Authorized Officer or counsel knows, or in the exercise of reasonable care should know, that the certificate or opinion or representations with respect to such matters are erroneous. 

Where any Person is required to make, give or execute two (2) or more applications, requests, consents, certificates, statements,
opinions or other instruments under this Indenture, they may, but need not, be consolidated and form one instrument. 
 Section 11.03
Acts of Noteholders. (a) Any request, demand, authorization, direction, notice, consent, waiver or other action provided by this Indenture to be given or taken by Noteholders may be embodied in and evidenced by one or more instruments of
substantially similar tenor signed by such Noteholders in person or by an agent duly appointed in writing and satisfying any requisite percentages as to minimum number or Dollar value of aggregate unpaid principal amount represented by such
Noteholders; and, except as herein otherwise expressly provided, such action shall become effective when such instrument or instruments are delivered to the Indenture Trustee, and, where it is hereby expressly required, to the Issuer. Such
instrument or instruments (and the action embodied therein and evidenced thereby) are herein sometimes referred to as the “Act” of the Noteholders signing such instrument or instruments. Proof of execution of any such instrument or
of a writing appointing any such agent shall be sufficient for any purpose of this Indenture and conclusive in favor of the Indenture Trustee and the Issuer, if made in the manner provided in this Section 11.03. 

(b) The fact and date of the execution by any Person of any such instrument or writing may be proved in any manner which the Indenture Trustee
deems sufficient. 

  
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 (c) The ownership of Notes shall be proved by the Note Register. 

(d) Any request, demand, authorization, direction, notice, consent, waiver or other action by the Holder of any Notes shall bind the Holder
(and any transferee thereof) of every Note issued upon the registration thereof, in exchange therefor or in lieu thereof, in respect of anything done, omitted or suffered to be done by the Indenture Trustee or the Issuer in reliance thereon, whether
or not notation of such action is made upon such Note. 
 Section 11.04 Notices, etc. Any request, demand, authorization,
direction, notice, consent, waiver or Act of Noteholders or other documents provided or permitted by the Indenture to be in writing and shall be made upon, given or furnished to, or filed with: 

(a) the Indenture Trustee shall be sufficient for every purpose hereunder if made, given, furnished or filed in writing to a
Responsible Officer, by facsimile transmission or by other means acceptable to the Indenture Trustee to or with the Indenture Trustee at its Corporate Trust Office; or 

(b) the Issuer shall be sufficient for every purpose hereunder if in writing and mailed, first-class postage prepaid, to the
Issuer addressed to it at OneMain Financial Issuance Trust 2015-1, c/o Wilmington Trust, National Association, as Owner Trustee, Rodney Square North, 1100 North Market Street, Wilmington Delaware 19890 Attention: Corporate Trust Administration, with
a copy to the Administrator at OneMain Financial, Inc., 300 St. Paul Place, Baltimore, MD 21202 Attention: Oona Robinson, with a copy to OneMain Financial, Inc., 300 St. Paul Place, Baltimore MD 21202, Attention: Office of the General Counsel, or at
any other address previously furnished in writing to the Indenture Trustee by the Issuer. 
 The Issuer shall promptly transmit any notice
received by it from the Noteholders to the Indenture Trustee. 
 Section 11.05 Notices to Noteholders; Waiver. Where this
Indenture provides for notice to Noteholders of any event, such notice shall be sufficiently given (unless otherwise herein expressly provided), if in writing and mailed by first-class mail postage prepaid or national overnight courier service to
each Noteholder affected by such event, at its address as it appears on the Note Register, not later than the latest date, and not earlier than the earliest date, prescribed for the giving of such notice. In any case where notice to Noteholders is
given by mail, neither the failure to mail such notice, nor any defect in any notice so mailed, to any particular Noteholder shall affect the sufficiency of such notice with respect to other Noteholders and any notice which is mailed in the manner
herein provided shall conclusively be presumed to have been duly given. 
 Where this Indenture provides for notice in any manner, such
notice may be waived in writing by any Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Noteholders shall be filed with the Indenture Trustee but
such filing shall not be a condition precedent to the validity of any action taken in reliance upon such waiver. 

  
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 In the event that, by reason of the suspension of regular mail service, it shall be impractical
to mail notice of any event to Noteholders when such notice is required to be given pursuant to any provision of this Indenture, then any manner of giving such notice as shall be satisfactory to the Indenture Trustee shall be deemed to be a
sufficient giving of such notice. 
 Where this Indenture provides for notice to each Rating Agency, failure to give such notice shall not
affect any other rights or obligations created hereunder and shall not under any circumstances constitute a Default, an Event of Default or an Early Amortization Event. 

Section 11.06 Effect of Headings and Table of Contents. The Article and Section headings herein and the Table of Contents are for
convenience only and shall not affect the construction hereof. 
 Section 11.07 Successors and Assigns. All covenants and
agreements in this Indenture by the Issuer, the Issuer Loan Trustee and the Servicer shall bind their respective successors and assigns, whether so expressed or not. All covenants and agreements of the Indenture Trustee in this Indenture shall bind
its successors and assigns. Notwithstanding the foregoing, no party hereto may assign its rights or obligations under this Indenture without the prior written consent of each other party hereto. 

Section 11.08 Severability. If any part of this Indenture is held to be invalid or otherwise unenforceable, the rest of this
Indenture will be considered severable and will continue in full force. 
 Section 11.09 Binding Effect; Third Party
Beneficiaries. Nothing in this Indenture or in the Notes, express or implied, shall give to any Person, other than the parties hereto, the third-party beneficiaries named in the last sentence of this Section 11.09, the Noteholders, and
their respective successors hereunder, any benefit or any legal or equitable right, remedy or claim under this Indenture. This Indenture benefits and is binding on the parties hereto, and their respective successor and permitted assigns. Each of the
Owner Trustee the Depositor Loan Trustee, the Issuer Loan Trustee and the Back-up Servicer is a third-party beneficiary to this Indenture and is entitled to the rights and benefits hereunder and may enforce the provisions hereof as if such Person
were a party hereto. 
 Section 11.10 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial. (a) THIS INDENTURE
SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO ITS CONFLICT OF LAWS PROVISIONS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS,
RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 
 (b) EACH OF THE PARTIES HERETO HEREBY
SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE COUNTY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO
THIS INDENTURE, ANY OTHER 

  
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TRANSACTION DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, ANY OBJECTION WHICH
IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING IN THIS SECTION SHALL AFFECT THE
RIGHT OF ANY PARTY HERETO TO BRING ANY ACTION OR PROCEEDING AGAINST ANY OTHER PARTY HERETO OR ANY OF THEIR PROPERTY IN THE COURTS OF OTHER JURISDICTIONS. 

(c) EACH OF THE PARTIES HERETO HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT
OR OTHERWISE, AMONG ANY OF THEM ARISING OUT OF, CONNECTED WITH, OR RELATING TO AN INCIDENT TO THE RELATIONSHIP BETWEEN THEM IN CONNECTION WITH THIS INDENTURE OR THE OTHER TRANSACTION DOCUMENTS. 

Section 11.11 Counterparts. This Indenture may be executed in any number of counterparts, each of which will be considered an
original, but all of which together will constitute one agreement. 
 Section 11.12 Recording of Indenture. If this Indenture is
subject to recording in any appropriate public recording offices, such recording is to be effected by the Issuer and at its expense accompanied by an Opinion of Counsel (which shall be counsel reasonably acceptable to the Indenture Trustee) to the
effect that such recording is necessary either for the protection of the Noteholders or any other Person secured hereunder, or for the enforcement of any right or remedy granted to the Indenture Trustee under this Indenture. The parties hereto agree
to (a) provide access to the Loan Notes and related documentation in its possession for inspection by governmental regulatory agencies and (b) assist in the preparation of any routine reports required by regulatory bodies, if any. 

Section 11.13 Inspection. The Issuer agrees that, on reasonable prior notice, it will permit any representative of the Indenture
Trustee, during the Issuer’s normal business hours, to examine all the books of account, records, reports, and other papers of the Issuer, to make copies and extracts therefrom, to cause such books to be audited by Independent certified public
accountants, and to discuss the Issuer’s affairs, finances and accounts with the Issuer’s officers, employees, and Independent certified public accountants, all at such reasonable times and as often as may be reasonably requested. The
Indenture Trustee shall, and shall cause its representatives, to hold in confidence all such information except to the extent disclosure may be required by law (and all reasonable applications for confidential treatment are unavailing) and except to
the extent that the Indenture Trustee may reasonably determine that such disclosure is consistent with its obligations hereunder or is required by the UCC. 

Section 11.14 Trust Obligation. Neither any trustee nor any Beneficiary of the Issuer nor any of their respective officers,
directors, employers or agents will have any liability with respect to this Indenture, and recourse may be had solely to the assets of the Issuer with 

  
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respect thereto. In addition, no recourse may be taken, directly or indirectly, with respect to the obligations of the Issuer, the Depositor Loan Trustee for the benefit of the Depositor, the
Issuer Loan Trustee for the benefit of the Issuer, the Owner Trustee or the Indenture Trustee on the Notes or under this Indenture or any certificate or other writing delivered in connection herewith or therewith, against (i) the Depositor Loan
Trustee, the Issuer Loan Trustee, the Indenture Trustee or the Owner Trustee in their respective individual capacities, (ii) any Beneficiary or (iii) any partner, owner, beneficiary, agent, officer, director, employee or agent of any
Beneficiary, the Issuer Loan Trustee, the Depositor Loan Trustee, the Indenture Trustee or the Owner Trustee in their individual capacities, any Beneficiary, the Issuer Loan Trustee, the Depositor Loan Trustee, the Owner Trustee or the Indenture
Trustee or of any successor or assign of the Beneficiary, the Issuer Loan Trustee, the Depositor Loan Trustee, the Indenture Trustee or the Owner Trustee in their individual capacities. 

Section 11.15 Limitation of Liability of Owner Trustee and Issuer Loan Trustee. (a) It is expressly understood and agreed by
the parties hereto that (i) this Indenture is executed and delivered by Wilmington Trust, National Association, not individually or personally but solely as owner trustee of the Issuer, in the exercise of the powers and authority conferred and
vested in it under the Trust Agreement, (ii) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by Wilmington Trust,
National Association, but is made and intended for the purpose of binding only the Issuer and (iii) under no circumstances shall Wilmington Trust, National Association be personally liable for the payment of any indebtedness or expenses of the
Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Indenture or the other Transaction Documents to which the Issuer is a party. 

(b) It is expressly understood and agreed by the parties hereto that (i) this Indenture is executed and delivered by Wells Fargo Bank,
N.A., not individually or personally but solely as Issuer Loan Trustee for the benefit of the Issuer, in the exercise of the powers and authority conferred and vested in it under the Issuer Loan Trust Agreement and (ii) under no circumstances
shall Wells Fargo Bank, N.A. be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by it (other than in
Section 3.21) or the Issuer under this Indenture. 
 (c) It is acknowledged and agreed that, in connection with the Issuer Loan
Trustee’s execution and delivery of this Agreement and the performance of its duties and exercise of its rights hereunder, it shall be entitled to all of its rights, benefits, protections, indemnities and immunities set forth in the Issuer Loan
Trust Agreement. Notwithstanding anything to the contrary herein, the Issuer Loan Trustee shall exercise all rights and remedies hereunder and provide any consents, directions, approvals, acceptances, determinations, rejections or other similar
actions pursuant to this Indenture in accordance with directions received from the Issuer, and the Issuer Loan Trustee shall have no liability for taking any such actions in accordance with such directions and shall not be liable for any failure or
delay in taking such actions resulting from any failure or delay by the Issuer (or other applicable Person as may be expressly provided) in providing such direction. 

  
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 Section 11.16 No Bankruptcy Petition; Disclaimer and Subordination.
(a) Notwithstanding any prior termination of this Indenture, to the fullest extent permitted by law, each of the Servicer, the Indenture Trustee, the Account Bank, the Note Registrar, each Noteholder and the holder of the Trust Certificate (by
acceptance of the applicable Notes or the Trust Certificate, as applicable), agrees that it shall not file, commence, join, or acquiesce in a petition or proceeding, or cause either the Depositor or the Issuer to file, commence, join, or acquiesce
in a petition or proceeding, that causes (i) either the Depositor or the Issuer to be a debtor under any Debtor Relief Law or (ii) a trustee, conservator, receiver, liquidator, or similar official to be appointed for either the Depositor
or the Issuer or any substantial part of its property. The parties hereto agree that the obligations under this Section 11.16 shall survive termination of this Indenture. 

(b) The provisions of this Section 11.16 shall be for the third party benefit of those entitled to rely thereon and shall survive the
resignation or removal of any party to this Indenture and the termination of this Indenture. 
 Section 11.17 Tax Matters;
Administration of Transfer Restrictions. (a) The Issuer expects that any reporting, withholding or deduction (“FATCA Withholding Tax”) imposed pursuant to Section 1471 through 1474 of the Internal Revenue Code and any
regulations, intergovernmental agreements or other agreements thereunder or official interpretations thereof (“FATCA”) with respect to any payments to be made in respect to the Notes will be undertaken and performed by DTC and its
Clearing Agency Participants. Notwithstanding the foregoing, each of the Issuer and the Indenture Trustee covenant to the other that, to the extent the Issuer or the Indenture Trustee may be required by FATCA to collect or report Noteholder FATCA
Information, it will provide any Noteholder FATCA Information collected by it to the other upon request. The Issuer further covenants that, to the extent the Issuer determines that the Indenture Trustee is required to report Noteholder FATCA
Information or to withhold or deduct FATCA Withholding Tax with respect to payments to be made by the Indenture Trustee pursuant to this Indenture, it will promptly notify the Indenture Trustee of such fact; provided, however, the
Issuer does not undertake any duty to monitor or determine the Indenture Trustee’s legal obligations under this Indenture or otherwise; but provided further, however, the Issuer hereby agrees to fully indemnify the Indenture
Trustee for any penalties, fees, costs, damages or other liabilities imposed on the Indenture Trustee by any Governmental Authority arising from the Indenture Trustee’s failure to collect or report any Noteholder FATCA Information, or to
withhold or deduct any FATCA Withholding Tax; provided, that indemnification shall not be required with respect to penalties, fees, costs, damages or other liabilities imposed on the Indenture Trustee arising from the Indenture Trustee’s
own willful misconduct, negligence, fraud or bad faith in failing to collect or report any Noteholder FATCA Information or to withhold or deduct any FATCA Withholding Tax. 

(b) The Issuer and Indenture Trustee each have the right to withhold FATCA Withholding Tax with respect to a Note (without any corresponding
gross-up) on any Noteholder or beneficial owner of an interest in a Note that fails to comply with any requirement to provide Noteholder FATCA Information to the Issuer or Indenture Trustee, as applicable, as described in clause (a) above. 

  
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 (c) The Indenture Trustee shall have no obligation or duty to monitor, determine or inquire as to
compliance with any restrictions on transfer imposed under the Indenture with respect to any transfer of any interest in any Note (including any transfers between or among Holders) other than to require delivery of such certificates as are expressly
required by, and to do so if and when expressly required by, this Indenture, and to examine the same to determine material compliance as to form with the express requirements hereof. 

Section 11.18 Limited Recourse. No recourse under or with respect to any obligation, covenant or agreement of the Issuer as
contained in this Indenture or any of the other Transaction Documents or any other agreement, instrument or document to which the Issuer is a party shall be had against any incorporator, stockholder, affiliate, officer, employee or director of the
Issuer by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise, it being expressly agreed and understood that the agreements of the Issuer contained in this Indenture and all other
agreements, instruments and documents entered into pursuant hereto or in connection herewith are, in each case, solely corporate obligations of the Issuer. Notwithstanding any provisions contained in this Indenture to the contrary, the Issuer shall
not, and shall not be obligated to, pay any fees, costs, indemnified amounts or expenses due pursuant to this Indenture other than in accordance with the order of priorities set forth in Section 8.06 of this Indenture. Any amount which the
Issuer does not pay pursuant to the operation of the preceding sentence shall not constitute a claim (as defined in §101 of the United States Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.), as amended from time to time)
against or obligation of the Issuer for any such insufficiency unless and until funds are available for the payment of such amounts as aforesaid. The parties hereto agree that the provisions under this Section 11.18 shall survive the
resignation or removal of any such party to this Indenture and the termination of this Indenture. 
 Section 11.19 Nature of
Noteholders’ Claims. Each Holder, by its ownership of the Notes, will agree that such Holder only has rights against the assets held by the Issuer and the Issuer Loan Trustee on behalf of the Issuer pursuant to the Transaction Documents,
and such Holder will not have rights (whether through the Indenture Trustee, the Issuer, its ownership of any Note or otherwise) to the assets of any other issuing entity under a different securitization with respect to which the Depositor is acting
as depositor 
 [Remainder of page intentionally left blank.] 

  
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 IN WITNESS WHEREOF, the Issuer, the Issuer Loan
Trustee for the benefit of the Issuer, the Servicer, the Indenture Trustee and the Account Bank have caused this Indenture to be duly executed by their respective officers thereunto duly authorized, all as of the date first above written. 

 

			
	 ONEMAIN FINANCIAL ISSUANCE TRUST
2015-1,
   as Issuer

		
	By:		WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Owner Trustee of the Issuer

 
			
		
	By:		 /s/ Jeanne M. Oller

			Name: Jeanne M. Oller
			Title: Vice President
	
	WELLS FARGO BANK, N.A., not in its individual capacity, but solely as Issuer Loan Trustee
		
	By:		 /s/ Marianna C. Stershic

			Name: Marianna C. Stershic
			Title: Vice President
	
	ONEMAIN FINANCIAL, INC., as Servicer
		
	By:		 /s/ Oona Robinson

			Name: Oona Robinson
			Title: Vice President and Assistant Treasurer
	
	WELLS FARGO BANK, N.A., as Indenture Trustee
		
	By:		 /s/ Marianna C. Stershic

			Name: Marianna C. Stershic
			Title: Vice President

  
 Indenture
Signature Page 

 
			
	WELLS FARGO BANK, N.A., as Account Bank
		
	By:		 /s/ Marianna C. Stershic

			Name: Marianna C. Stershic
			Title: Vice President

  
 Indenture
Signature Page 

 Exhibit A 

FORM OF CLASS [A][B][C][D] NOTE 

“THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), ANY U.S. STATE SECURITIES OR
“BLUE SKY” LAWS OR ANY SECURITIES LAWS OF ANY OTHER JURISDICTION, AND, AS A MATTER OF U.S. LAW, MAY NOT BE OFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN VIOLATION OF THE SECURITIES ACT OR SUCH OTHER
LAWS. THIS NOTE, AND ANY BENEFICIAL INTEREST HEREIN, MAY BE TRANSFERRED ONLY IN MINIMUM DENOMINATIONS OF $100,000 AND $1,000 INCREMENTS IN EXCESS THEREOF. THE HOLDER HEREOF, BY PURCHASING OR ACCEPTING THIS NOTE, IS HEREBY DEEMED TO HAVE AGREED FOR
THE BENEFIT OF THE ISSUER AND THE INITIAL PURCHASERS THAT IT WILL RESELL, PLEDGE OR OTHERWISE TRANSFER THIS NOTE, AS A MATTER OF U.S. LAW, ONLY (1) SO LONG AS THIS NOTE IS ELIGIBLE FOR RESALE, PURSUANT TO RULE 144A PROMULGATED UNDER THE
SECURITIES ACT (“RULE 144A”), IN THE UNITED STATES, TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER, AS DEFINED IN RULE 144A (A “QUALIFIED INSTITUTIONAL BUYER”), THAT IS ACQUIRING
THIS NOTE FOR ITS OWN ACCOUNT OR AS A FIDUCIARY OR AGENT FOR OTHERS (WHICH OTHERS MUST ALSO BE QUALIFIED INSTITUTIONAL BUYERS) TO WHOM NOTICE IS GIVEN THAT THE RESALE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, OR (2) TO A PERSON
WHO IS NOT A “U.S. PERSON” (AS DEFINED IN REGULATION S PROMULGATED UNDER THE SECURITIES ACT (“REGULATION S”)) OUTSIDE THE UNITED STATES ACQUIRING THIS NOTE IN ACCORDANCE WITH RULE 903 OR RULE 904 OF REGULATION S, IN EACH
CASE IN ACCORDANCE WITH ANY UNITED STATES STATE SECURITIES OR “BLUE SKY” LAWS OR ANY SECURITIES LAWS OF ANY OTHER JURISDICTION. 

EACH NOTEHOLDER OR BENEFICIAL OWNER AND ANY PROSPECTIVE TRANSFEREE OF THE CLASS A NOTES, THE CLASS B NOTES, AND THE CLASS C NOTES OR ANY
INTEREST THEREIN MUST REPRESENT (AND SHALL BE DEEMED TO REPRESENT) THAT EITHER (I) IT IS NOT AND IS NOT ACTING ON BEHALF OF, OR USING THE ASSETS OF (A) AN “EMPLOYEE BENEFIT PLAN” AS DEFINED IN SECTION 3(3) OF THE EMPLOYEE
RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), THAT IS SUBJECT TO TITLE I OF ERISA, (B) A “PLAN” AS DEFINED IN SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE “INTERNAL
REVENUE CODE”), THAT IS SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN ASSETS” BY REASON OF SUCH EMPLOYEE BENEFIT PLAN’S OR PLAN’S INVESTMENT IN THE ENTITY
(WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION 29 C.F.R. 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) OR (D) ANY GOVERNMENTAL, CHURCH, NON-U.S. OR OTHER PLAN THAT IS SUBJECT TO ANY NON-U.S., FEDERAL, STATE OR LOCAL LAW THAT IS
SUBSTANTIALLY SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE INTERNAL REVENUE CODE (“SIMILAR LAW”) OR AN ENTITY WHOSE UNDERLYING 

  
 A-1 

 
ASSETS INCLUDE ASSETS OF ANY SUCH PLAN, OR (II) (A) IT IS ACQUIRING THE NOTES AND (B) ITS ACQUISITION, CONTINUED HOLDING AND DISPOSITION OF SUCH NOTES (OR ANY INTEREST THEREIN) WILL NOT
GIVE RISE TO A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE INTERNAL REVENUE CODE (OR RESULT IN A NON-EXEMPT VIOLATION OF ANY SIMILAR LAW). 

EACH NOTEHOLDER OR BENEFICIAL OWNER AND ANY PROSPECTIVE TRANSFEREE OF THE CLASS D NOTES OR ANY INTEREST THEREIN MUST REPRESENT (AND SHALL BE DEEMED TO
REPRESENT) THAT IT IS NOT AND IS NOT ACTING ON BEHALF OF, OR USING THE ASSETS OF (A) AN “EMPLOYEE BENEFIT PLAN” AS DEFINED IN SECTION 3(3) OF ERISA, THAT IS SUBJECT TO TITLE I OF ERISA, (B) A “PLAN” AS DEFINED IN
SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE, THAT IS SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN ASSETS” BY REASON OF SUCH EMPLOYEE BENEFIT PLAN’S OR PLAN’S
INVESTMENT IN THE ENTITY (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION 29 C.F.R. 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) OR (D) ANY GOVERNMENTAL, CHURCH,
NON-U.S. OR OTHER PLAN THAT IS SUBJECT TO ANY SIMILAR LAW OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE ASSETS OF ANY SUCH PLAN. 

THIS NOTE AND RELATED DOCUMENTATION MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME TO MODIFY THE RESTRICTIONS ON AND PROCEDURES UNDERTAKEN OR REPRESENTED BY
THE HOLDER, FOR RESALES AND OTHER TRANSFERS OF THIS NOTE, TO REFLECT ANY CHANGE IN, OR TO MAKE USE OF OTHER, APPLICABLE LAWS OR REGULATIONS (OR THE INTERPRETATION THEREOF) OR IN PRACTICES RELATING TO RESALES OR OTHER TRANSFERS OF RESTRICTED
SECURITIES GENERALLY. THE HOLDER OF THIS NOTE AND ANY BENEFICIAL OWNER OF ANY INTEREST THEREIN SHALL BE DEEMED, BY ITS ACCEPTANCE OR PURCHASE HEREOF OR THEREOF, TO HAVE AGREED TO ANY SUCH AMENDMENT OR SUPPLEMENT (EACH OF WHICH SHALL BE CONCLUSIVE
AND BINDING ON THE HOLDER HEREOF AND ALL FUTURE HOLDERS OF THIS NOTE AND ANY NOTES ISSUED IN EXCHANGE OR SUBSTITUTION THEREFOR, WHETHER OR NOT ANY NOTATION THEREOF IS MADE HEREON) AND AGREES TO TRANSFER THIS NOTE ONLY IN ACCORDANCE WITH SUCH RELATED
DOCUMENTATION AS SO AMENDED OR SUPPLEMENTED AND IN ACCORDANCE WITH APPLICABLE LAW IN EFFECT AT THE DATE OF SUCH TRANSFER. 
 UNLESS THIS NOTE IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE INDENTURE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME
OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE

  
 A-2 

 
OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE MAY BE REDUCED FROM TIME TO TIME BY DISTRIBUTIONS ON THIS NOTE ALLOCABLE TO PRINCIPAL. ACCORDINGLY, FOLLOWING
THE INITIAL ISSUANCE OF THIS NOTE, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE MAY BE DIFFERENT FROM THE INITIAL PRINCIPAL AMOUNT SHOWN BELOW. ANYONE ACQUIRING THIS NOTE MAY ASCERTAIN THE CURRENT OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE BY
INQUIRY OF THE INDENTURE TRUSTEE ON THE DATE OF THE INITIAL ISSUANCE OF THIS NOTE, THE INDENTURE TRUSTEE IS WELLS FARGO BANK, N.A. 
 THIS NOTE IS NOT AN
OBLIGATION OF, AND IS NOT INSURED OR GUARANTEED BY, ANY GOVERNMENTAL AGENCY, ONEMAIN FINANCIAL, INC., ONEMAIN FINANCIAL FUNDING III, LLC, ANY TRUSTEE OR ANY AFFILIATE OF ANY OF THE FOREGOING. 

THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH OWNER OF A BENEFICIAL INTEREST HEREIN, AGREES TO TREAT THE NOTES AS INDEBTEDNESS FOR APPLICABLE
U.S. FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY, INCOME. 
 [For Regulation S
Notes, with the italicized language in brackets to be included only in each Temporary Regulation S Global Note.] 
 [NO BENEFICIAL OWNERS OF THIS NOTE
WILL BE ENTITLED TO RECEIVE ANY PAYMENT OF PRINCIPAL OR INTEREST HEREON UNLESS THE REQUIRED CERTIFICATIONS HAVE BEEN DELIVERED PURSUANT TO THE TERMS OF THE INDENTURE REFERRED TO HEREIN.] 

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), ANY U.S. STATE SECURITIES OR
“BLUE SKY” LAWS OR ANY SECURITIES LAWS OF ANY OTHER JURISDICTION, AND, AS A MATTER OF U.S. LAW, PRIOR TO THE DATE THAT IS FORTY (40) DAYS AFTER THE LATER OF THE COMMENCEMENT OF THE OFFERING OF THE NOTES AND THE CLOSING OF THE OFFERING
OF THE NOTES MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO A “U.S. PERSON” (AS DEFINED IN REGULATION S PROMULGATED UNDER THE SECURITIES ACT) EXCEPT PURSUANT TO AN EXEMPTION FROM THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT IN ACCORDANCE WITH RULE 903 OR 904 UNDER REGULATION S PROMULGATED UNDER THE SECURITIES ACT AND PURSUANT TO AND IN ACCORDANCE WITH ANY UNITED STATES STATE SECURITIES OR “BLUE SKY” LAWS OR ANY SECURITIES
LAWS OF ANY OTHER JURISDICTION. THIS NOTE, AND ANY BENEFICIAL INTEREST HEREIN, MAY BE TRANSFERRED ONLY IN MINIMUM DENOMINATIONS OF $100,000 AND $1,000 INCREMENTS IN EXCESS THEREOF. 

  
 A-3 

 EACH NOTEHOLDER OR BENEFICIAL OWNER AND ANY PROSPECTIVE TRANSFEREE OF THE CLASS A NOTES, THE CLASS B NOTES, AND
THE CLASS C NOTES OR ANY INTEREST THEREIN MUST REPRESENT (AND SHALL BE DEEMED TO REPRESENT) THAT EITHER (I) IT IS NOT AND IS NOT ACTING ON BEHALF OF, OR USING THE ASSETS OF (A) AN “EMPLOYEE BENEFIT PLAN,” AS DEFINED IN
SECTION 3(3) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED (“ERISA”), THAT IS SUBJECT TO TITLE I OF ERISA, (B) A “PLAN” AS DEFINED IN SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS
AMENDED (THE “INTERNAL REVENUE CODE”), THAT IS SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN ASSETS” BY REASON OF SUCH EMPLOYEE BENEFIT PLAN’S OR
PLAN’S INVESTMENT IN THE ENTITY (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION 29 C.F.R. 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) OR (D) ANY GOVERNMENTAL, CHURCH, NON-U.S. OR OTHER PLAN THAT IS SUBJECT TO ANY NON-U.S.,
FEDERAL, STATE OR LOCAL LAW THAT IS SUBSTANTIALLY SIMILAR TO SECTION 406 OF ERISA OR SECTION 4975 OF THE INTERNAL REVENUE CODE (“SIMILAR LAW”) OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE ASSETS OF ANY SUCH PLAN, OR (II) (A) IT
IS ACQUIRING THE NOTES AND (B) ITS ACQUISITION, CONTINUED HOLDING AND DISPOSITION OF SUCH NOTES (OR ANY INTEREST THEREIN) WILL NOT GIVE RISE TO A NON-EXEMPT PROHIBITED TRANSACTION UNDER SECTION 406 OF ERISA OR SECTION 4975 OF THE INTERNAL
REVENUE CODE (OR RESULT IN A NON-EXEMPT VIOLATION OF ANY SIMILAR LAW). 
 EACH NOTEHOLDER OR BENEFICIAL OWNER AND ANY PROSPECTIVE TRANSFEREE OF THE CLASS D
NOTES OR ANY INTEREST THEREIN MUST REPRESENT (AND SHALL BE DEEMED TO REPRESENT) THAT IT IS NOT AND IS NOT ACTING ON BEHALF OF, OR USING THE ASSETS OF (A) AN “EMPLOYEE BENEFIT PLAN” AS DEFINED IN SECTION 3(3) OF ERISA, THAT IS SUBJECT
TO TITLE I OF ERISA, (B) A “PLAN” AS DEFINED IN SECTION 4975(e)(1) OF THE INTERNAL REVENUE CODE, THAT IS SUBJECT TO SECTION 4975 OF THE INTERNAL REVENUE CODE, (C) AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN ASSETS”
BY REASON OF SUCH EMPLOYEE BENEFIT PLAN’S OR PLAN’S INVESTMENT IN THE ENTITY (WITHIN THE MEANING OF DEPARTMENT OF LABOR REGULATION 29 C.F.R. 2510.3-101, AS MODIFIED BY SECTION 3(42) OF ERISA) OR
(D) ANY GOVERNMENTAL, CHURCH, NON-U.S. OR OTHER PLAN THAT IS SUBJECT TO ANY SIMILAR LAW OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE ASSETS OF ANY SUCH PLAN. 

THIS NOTE AND RELATED DOCUMENTATION MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME TO MODIFY THE RESTRICTIONS ON AND PROCEDURES UNDERTAKEN OR REPRESENTED BY
THE HOLDER, FOR RESALES AND OTHER TRANSFERS OF THIS NOTE, TO REFLECT ANY CHANGE IN, OR TO MAKE USE OF OTHER, APPLICABLE LAWS OR REGULATIONS (OR THE 

  
 A-4 

 
INTERPRETATION THEREOF) OR IN PRACTICES RELATING TO RESALES OR OTHER TRANSFERS OF RESTRICTED SECURITIES GENERALLY. THE HOLDER OF THIS NOTE AND ANY BENEFICIAL OWNER OF ANY INTEREST THEREIN SHALL
BE DEEMED, BY ITS ACCEPTANCE OR PURCHASE HEREOF OR THEREOF, TO HAVE AGREED TO ANY SUCH AMENDMENT OR SUPPLEMENT (EACH OF WHICH SHALL BE CONCLUSIVE AND BINDING ON THE HOLDER HEREOF AND ALL FUTURE HOLDERS OF THIS NOTE AND ANY NOTES ISSUED IN EXCHANGE
OR SUBSTITUTION THEREFOR, WHETHER OR NOT ANY NOTATION THEREOF IS MADE HEREON) AND AGREES TO TRANSFER THIS NOTE ONLY IN ACCORDANCE WITH SUCH RELATED DOCUMENTATION AS SO AMENDED OR SUPPLEMENTED AND IN ACCORDANCE WITH APPLICABLE LAW IN EFFECT AT THE
DATE OF SUCH TRANSFER. 
 UNLESS THIS NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), TO THE INDENTURE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY NOTE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL
INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE MAY BE REDUCED FROM
TIME TO TIME BY DISTRIBUTIONS ON THIS NOTE ALLOCABLE TO PRINCIPAL. ACCORDINGLY, FOLLOWING THE INITIAL ISSUANCE OF THIS NOTE, THE OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE MAY BE DIFFERENT FROM THE INITIAL PRINCIPAL AMOUNT SHOWN BELOW. ANYONE
ACQUIRING THIS NOTE MAY ASCERTAIN THE CURRENT OUTSTANDING PRINCIPAL AMOUNT OF THIS NOTE BY INQUIRY OF THE INDENTURE TRUSTEE. ON THE DATE OF THE INITIAL ISSUANCE OF THIS NOTE, THE INDENTURE TRUSTEE IS WELLS FARGO BANK, N.A. 

THIS NOTE IS NOT AN OBLIGATION OF, AND IS NOT INSURED OR GUARANTEED BY, ANY GOVERNMENTAL AGENCY, ONEMAIN FINANCIAL, INC., ONEMAIN FINANCIAL FUNDING III, LLC,
ANY TRUSTEE OR ANY AFFILIATE OF ANY OF THE FOREGOING. 
 THE HOLDER OF THIS NOTE, BY ACCEPTANCE OF THIS NOTE, AND EACH OWNER OF A BENEFICIAL INTEREST
HEREIN, AGREES TO TREAT THE NOTES AS INDEBTEDNESS FOR APPLICABLE U.S. FEDERAL, STATE, AND LOCAL INCOME AND FRANCHISE TAX LAW AND FOR PURPOSES OF ANY OTHER TAX IMPOSED ON, OR MEASURED BY, INCOME. 

  
 A-5 

			
	Registered	  	[Initial Principal Amount:][up to] $        
		
	No. R-    	  	CUSIP NO. [    ]
		
		  	ISIN NO. [    ]

 ONEMAIN FINANCIAL ISSUANCE TRUST 2015-1, 

ASSET-BACKED NOTES, CLASS [A][B][C][D] 

OneMain Financial Issuance Trust 2015-1 (herein referred to as the “Issuer”), a Delaware statutory trust formed by an Amended
and Restated Trust Agreement, dated as of February 5, 2015, for value received, hereby promises to pay to [            ], or registered assigns, subject to the following provisions,
the principal sum set forth above (reduced or increased as set forth on Schedule A-I hereto), or such lesser amount, as determined in accordance with the Indenture (referred to herein), on the Stated Maturity Date, except as otherwise provided below
or in the Indenture. The Issuer will pay interest on the unpaid principal amount of this Note at the Class [A][B][C][D] Interest Rate on each Payment Date until the principal amount of this Note is paid, subject to certain limitations in the
Indenture. Interest on this Note will accrue for each Payment Date from and including the most recent Payment Date on which interest has been paid to but excluding such Payment Date or, for the initial Payment Date, from and including the Closing
Date to but excluding such Payment Date. Interest will be computed as provided in the Indenture. Principal of this Note will be paid in the manner specified on the reverse hereof. 

The principal of and interest on this Note are payable 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. 
 Reference is made to the further provisions of this Note set forth on the reverse
hereof, which will have the same effect as though fully set forth on the face of this Note. 
 Unless the certificate of authentication
hereon has been executed by or on behalf of the Indenture Trustee, by manual signature, this Note will not be entitled to any benefit under the Indenture or be valid for any purpose. 

  
 A-6 

 IN WITNESS WHEREOF, the Issuer has caused this Note
to be duly executed. 
  

			
	 ONEMAIN FINANCIAL ISSUANCE TRUST 2015-1,

  as Issuer

		
	By:	 	WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Owner Trustee of the Issuer

 
			
		
	By:	 	  

		 	Name:
		 	Title:

 Dated: February 5, 2015 

INDENTURE TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Notes of the Series described therein and referred to in the within-mentioned Indenture. 

 

			
	WELLS FARGO BANK, N.A., not in its individual capacity, but solely as Issuer Loan Trustee
		
	By:	 	  

		 	Name:
		 	Title:

  
 A-7 

 ONEMAIN FINANCIAL ISSUANCE TRUST 2015-1, 

ASSET-BACKED NOTES, CLASS [A][B][C][D] 

This Note is one of a duly authorized issue of Notes of the Issuer, designated as the OneMain Financial Issuance Trust 2015-1, Asset-Backed
Notes, Class [A][B][C][D] (the “Notes”), issued under the Indenture dated as of February 5, 2015 (the “Indenture”), among the Issuer, Wells Fargo Bank, N.A., not in its individual capacity, but solely as Loan
Trustee for the benefit of the Issuer (the “Issuer Loan Trustee”), OneMain Financial, Inc., as servicer (the “Servicer”) and Wells Fargo Bank, N.A., as indenture trustee (the “Indenture Trustee”),
and representing the right to receive certain payments from the Issuer. The Notes are subject to all of the terms, provisions and conditions of the Indenture, as it may be amended, supplemented or modified from time to time. All terms used in this
Note that are defined in Part A of Schedule II (together with Part B of such Schedule II, the “Definitions Schedule”) to the Sale and Servicing Agreement dated as of February 5, 2015, among OneMain Financial Funding III, LLC,
as the depositor (the “Depositor”), Wells Fargo Bank, N.A., not in its individual capacity, but solely as loan trustee for the benefit of the Depositor (the “Depositor Loan Trustee”), the Servicer, the Subservicers
party thereto, the Issuer and Wells Fargo Bank, N.A., not in its individual capacity, but solely as loan trustee for the benefit of the Issuer (the “Issuer Loan Trustee”), have the meanings assigned to them therein or pursuant
thereto, as applicable. In the event of any conflict or inconsistency between the Definitions Schedule and this Note, the Definitions Schedule controls. 

The Noteholder, by its acceptance of this Note, agrees that it will look solely to the property of the Issuer allocated to the payment of this
Note for payment hereunder and that the Indenture Trustee is not liable to the Noteholders for any amount payable under this Note or the Indenture or, except as expressly provided in the Indenture, subject to any liability under the Indenture. 

This Note does not purport to summarize the Indenture and reference is made to the Indenture for the interests, rights and limitations of
rights, benefits, obligations and duties evidenced thereby, and the rights, duties and immunities of the Indenture Trustee. 
 The
initial Class [A][B][C][D] Note Balance is $[        ]. The Class [A][B][C][D] Note Balance on any date of determination will be an amount equal to (a) the initial Class [A][B][C][D] Note Balance
minus (b) the aggregate amount of principal payments made to the Holders of Class [A][B][C][D] Notes [and which have not been rescinded] on or before such date. Payments of principal of the Notes will be made in accordance with the
provisions of, and subject to the limitations in, the Indenture. 
 On each Payment Date, the Indenture Trustee will
distribute to each Noteholder of record on the related Record Date (except for the final distribution in respect of this Note) such Noteholder’s pro rata share of the amounts held by the Indenture Trustee that are allocated and available
on such Payment Date to pay interest and principal on the Class [A][B][C][D] Notes pursuant to the Indenture. Except as provided in the Indenture with respect to a final distribution, distributions to the Noteholders shall be made (i) on the
due date thereof, to an account designated by the holder of this Note, in U.S. dollars and in immediately available funds  

  
 A-8 

 
and (ii) without presentation or surrender of any Note or the making of any notation thereon. Final payment of this Note will be made only upon presentation and surrender of this Note at the
office or agency specified in the notice of final distribution delivered by the Indenture Trustee to the Noteholders in accordance with the Indenture. 

Upon the exercise of the Servicer’s or the holder of the Trust Certificate’s option to purchase the remaining Sold Assets of the
Issuer and the Issuer Loan Trustee pursuant to the Transaction Documents, the Issuer will retire the Notes and redeem the Notes from the proceeds of such purchase. 

This Note does not represent an obligation of, or an interest in, the Depositor, the Depositor Loan Trustee, the Issuer Loan Trustee, OneMain
Financial, Inc. or any Affiliate of any of them (other than the Issuer) and is not insured or guaranteed by any governmental agency or instrumentality or any other Person. 

Each Noteholder, by accepting a Note, and each beneficial owner of such Note hereby covenants and agrees that it will not at any time file,
commence, join, or acquiesce in a petition or proceeding, or cause the Issuer to file, commence, join, or acquiesce in a petition or proceeding, that causes (a) the Issuer to be a debtor under any Debtor Relief Law or (b) a trustee,
conservator, receiver, liquidator, or similar official to be appointed for the Issuer or any substantial part of its property. 
 The
Issuer, the Depositor, the Indenture Trustee and any agent of the Issuer, Depositor or the Indenture Trustee will treat the person in whose name this Note is registered as the owner hereof for all purposes, and none of the Issuer, the Depositor, the
Indenture Trustee or any agent of the Issuer, Depositor or the Indenture Trustee will be affected by notice to the contrary. 
 This Note is
executed and delivered by Wilmington Trust, National Association, not individually or personally but solely as owner trustee of the Issuer, in the exercise of the powers and authority conferred and vested in it under the Trust Agreement. Each of the
representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by Wilmington Trust, National Association but is made and intended for the purpose
of binding only the Issuer. Under no circumstances shall Wilmington Trust, National Association be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation,
representation, warranty or covenant made or undertaken by the Issuer under this Indenture or the other Transaction Documents to which the Issuer is a party. 

THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE
TO ITS CONFLICT OF LAWS PROVISIONS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

EACH NOTEHOLDER SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW

  
 A-9 

 
YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE COUNTY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS NOTE, ANY TRANSACTION DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED BY THIS NOTE OR THEREBY. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN
SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING IN THIS PARAGRAPH SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO BRING ANY ACTION OR PROCEEDING AGAINST ANY OTHER PARTY
HERETO OR ANY OF THEIR PROPERTY IN THE COURTS OF OTHER JURISDICTIONS. 
 EACH NOTEHOLDER HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE
IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, ARISING OUT OF OR CONNECTED WITH THIS NOTE OR THE TRANSACTION DOCUMENTS. 

  
 A-10 

 ASSIGNMENT 

Social Security or other identifying number of assignee
                    . 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto (name and address of
assignee) the within Note and all rights thereunder, and hereby irrevocably constitutes and appoints                     , attorney, to transfer said
Note on the books kept for registration thereof, with full power of substitution in the premises. 
 Dated:
                    2 

    Signature Guaranteed: 

 

	2 	The signature to this assignment must correspond with the name of the registered owner as it appears on the face of the within Note in every particular, without alteration, enlargement or any change whatsoever.

  
 A-11 

 SCHEDULE A-I 

The initial principal amount of this [Rule 144A][Temporary Regulation S][Permanent Regulation S] Global Note is
$[        ]. The aggregate principal amount of this Global Note issued, cancelled or exchanged for a Definitive Note or another Global Note is as follows: 

 

							
	 Date
	  	Principal Amount
Issued,
Cancelled or
Exchanged	  	Remaining Principal
Amount of this
Global Note	  	Notation
Made by or on
Behalf of
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	
		  		  		  	

  
 S-1 

 EXHIBIT B-1 

FORM OF TRANSFER CERTIFICATE 

FOR EXCHANGE OR TRANSFER FROM RULE 144A GLOBAL NOTE 

TO TEMPORARY REGULATION S GLOBAL NOTE 

Wells Fargo Bank, N.A. 
 Corporate Trust Services/Structured
Products Services 
 Sixth and Marquette Avenue 
 MAC N9311-161

 Minneapolis, Minnesota 55479 
 Attention: Corporate Trust
Services—OneMain Financial Issuance Trust 2015-1 
 Re:    OneMain Financial Issuance Trust 2015-1

 Reference is hereby made to the Indenture, dated as of February 5, 2015 (the “Indenture”), among OneMain Financial
Issuance Trust 2015-1 (the “Issuer”), Wells Fargo Bank, N.A., not in its individual capacity, but solely as loan trustee for the benefit of the Issuer (the “Issuer Loan Trustee”), OneMain Financial, Inc., as
Servicer, and Wells Fargo Bank, N.A., as Indenture Trustee (the “Indenture Trustee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

This letter relates to $         principal amount of Class [A][B][C][D] Notes represented by a
beneficial interest in the Rule 144A Global Note (CUSIP No.     ) held with DTC by or on behalf of [transferor] as beneficial owner (the “Transferor”). The Transferor has requested an exchange or transfer of its
beneficial interest for an interest in the Temporary Regulation S Global Note (CUSIP (CINS) No.         ) to be held with [Euroclear] [Clearstream] (ISIN Code      (Common Code )) through
DTC. 
 In connection with such request and in respect of such Note, the Transferor does hereby certify that such exchange or transfer has
been effected in accordance with the transfer restrictions set forth in the Notes and pursuant to and in accordance with Rule 903 or 904 of Regulation S under the Securities Act, and accordingly the Transferor does hereby certify that: 

 

	 	(1)	the offer of the Notes was not made to a person in the United States; 

  

	 	(2)    (A)	at the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed that the transferee was outside the United States, or

  

	 	(B)	the transaction was executed in, on or through (x) a physical trading floor of an established foreign securities exchange that is located outside the United States or (y) the facilities of a designated
offshore securities market and neither the Transferor nor any person acting on its behalf knows that the transaction was prearranged with a buyer in the United States; 

  
 B-1-1 

	 	(3)	no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S, as applicable; 

 

	 	(4)	the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act; and 

  

	 	(5)	upon completion of the transaction, the beneficial interest being transferred as described above was held with DTC through Euroclear or Clearstream or both (Common Code      (ISIN Code
    )). 

 This certificate and the statements contained herein are made for your benefit and the benefit
of the Issuer. 
  

			
	 [INSERT NAME OF TRANSFEROR]

		
	By:	 	  

		 	Name:
		 	Title:

 Date:
                    , 20     

  
 B-1-2 

 EXHIBIT B-2 

FORM OF TRANSFER CERTIFICATE FOR EXCHANGE OR TRANSFER 

FROM RULE 144A GLOBAL NOTE TO PERMANENT REGULATION S GLOBAL NOTE 

Wells Fargo Bank, N.A. 
 Corporate Trust Services/Structured
Products Services 
 Sixth and Marquette Avenue 
 MAC N9311-161

 Minneapolis, Minnesota 55479 
 Attention: Corporate Trust
Services—OneMain Financial Issuance Trust 2015-1 
 Re:    OneMain Financial Issuance Trust 2015-1

 Reference is hereby made to the Indenture, dated as of February 5, 2015 (the “Indenture”), among OneMain Financial
Issuance Trust 2015-1 (the “Issuer”), Wells Fargo Bank, N.A., not in its individual capacity, but solely as loan trustee for the benefit of the Issuer (the “Issuer Loan Trustee”), OneMain Financial, Inc., as
Servicer, and Wells Fargo Bank, N.A., as Indenture Trustee (the “Indenture Trustee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

This letter relates to $         principal amount of Class [A][B][C][D] Notes represented by a
beneficial interest in the Rule 144A Global Note (CUSIP No.     ) held with DTC by or on behalf of [transferor] as beneficial owner (the “Transferor”). The Transferor has requested an exchange or transfer of its
beneficial interest for an interest in the Permanent Regulation S Global Note (CUSIP (CINS) No.     ). 
 In connection
with such request and in respect of such Notes, the Transferor does hereby certify that such exchange or transfer has been effected in accordance with the transfer restrictions set forth in the Notes and that, with respect to transfers made in
reliance on Rule 903 or 904 of Regulation S under the Securities Act: 
  

	 	(1)	the offer of the Notes was not made to a person in the United States; 

  

	 	(2)    (A)	at the time the buy order was originated, the transferee was outside the United States or the Transferor and any person acting on its behalf reasonably believed that transferee was outside the United States, or

  

	 	(B)	the transaction was executed in, on or through (x) a physical trading floor of an established foreign securities exchange that is located outside the United States or (y) the facilities of a designated
offshore securities market and neither the Transferor nor any person acting on its behalf knows that the transaction was prearranged with a buyer in the United States; 

  
 B-2-1 

	 	(3)	no directed selling efforts have been made in contravention of the requirements of Rule 903(b) or 904(b) of Regulation S, as applicable; and 

 

	 	(4)	the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act. 

This certificate and the statements contained herein are made for your benefit and the benefit of the Issuer. 

 

			
	 [INSERT NAME OF TRANSFEROR]

		
	 By:
	 	  

		 	Name:
		 	Title:

 Date:
                    , 20     

  
 B-2-2 

 EXHIBIT B-3 

FORM OF TRANSFER CERTIFICATE FOR TRANSFER OR EXCHANGE FROM 

[TEMPORARY][PERMANENT] REGULATION S 

GLOBAL NOTE TO RULE 144A GLOBAL NOTE 

Wells Fargo Bank, N.A. 
 Corporate Trust Services/Structured
Products Services 
 Sixth and Marquette Avenue 
 MAC N9311-161

 Minneapolis, Minnesota 55479 
 Attention: Corporate Trust
Services—OneMain Financial Issuance Trust 2015-1 
 Re:    OneMain Financial Issuance Trust 2015-1

 Reference is hereby made to the Indenture, dated as of February 5, 2015 (the “Indenture”), among OneMain Financial
Issuance Trust 2015-1 (the “Issuer”), Wells Fargo Bank, N.A., not in its individual capacity, but solely as loan trustee for the benefit of the Issuer (the “Issuer Loan Trustee”), OneMain Financial, Inc., as
Servicer, and Wells Fargo Bank, N.A., as Indenture Trustee (the “Indenture Trustee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

This letter relates to
                     principal amount of Class [A][B][C][D] Notes which are held in the form of the [Temporary][Permanent] Global Regulation S Global
Note (CUSIP (CINS) No.     ) with Euroclear/Clearstream1 (ISIN Code         ) (Common Code
        ) through DTC by or on behalf of [transferor] as beneficial owner (the “Transferor”). The Transferor has requested an exchange or transfer of its beneficial interest in the Notes for
an interest in the Rule 144A Global Note (CUSIP No.         ). 
 In connection with such request,
and in respect of such Notes, the Transferor does hereby certify that such Notes are being transferred in accordance with Rule 144A under the United States Securities Act of 1933, as amended (the “Securities Act”), to a transferee
that the Transferor reasonably believes is purchasing the Notes for its own account or an account with respect to which the transferee exercises sole investment discretion and the transferee and any such account is a “qualified institutional
buyer” within the meaning of Rule 144A, in each case in a transaction meeting the requirements of Rule 144A and in accordance with any applicable securities laws of any state of the United States or any other jurisdiction. 

 

	1 	Select appropriate depositary. 

  
 B-3-1 

 This certificate and the statements contained herein are made for your benefit and the benefit of
the Issuer. 
  

			
	 [INSERT NAME OF TRANSFEROR]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

 Date:
                    , 20     

  
 B-3-2 

 EXHIBIT B-4 

FORM OF CLEARING SYSTEM CERTIFICATE 

OneMain Financial Issuance Trust 2015-1 
 c/o Wilmington Trust,
National Association 
 Wells Fargo Bank, N.A. 
 Corporate
Trust Services/Structured Products Services 
 Sixth and Marquette Avenue 

MAC N9311-161 
 Minneapolis, Minnesota 55479 

Re:    OneMain Financial Issuance Trust 2015-1 

Reference is hereby made to the Indenture, dated as of February 5, 2015 (the “Indenture”), among OneMain Financial
Issuance Trust 2015-1 (the “Issuer”), Wells Fargo Bank, N.A., not in its individual capacity, but solely as loan trustee for the benefit of the Issuer (the “Issuer Loan Trustee”), OneMain Financial, Inc., as
Servicer, and Wells Fargo Bank, N.A., as Indenture Trustee (the “Indenture Trustee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

This is to certify that, based solely on certificates we have received in writing, by tested telex or by electronic transmissions from
noteholders (our “Noteholders”) appearing in our records as persons being entitled to a portion of the original principal amount of the Class [A][B][C][D] Notes (the “Notes”) substantially to the effect set forth in
Exhibit B-5 to the Indenture, U.S. $         principal balance of Notes held by us or on our behalf are beneficially owned by non-U.S. persons. As used in this paragraph the term “U.S. person” has
the meaning given to it by Regulation S under the Act. 
 We further certify (i) that we are not making available herewith for exchange
any portion of the Temporary Regulation S Global Note excepted in such certificates and (ii) that as of the date hereof we have not received any notification from any of our Noteholders to the effect that the statements made by such Noteholder
with respect to any portion of the part submitted herewith for exchange are no longer true and cannot be relied upon as at the date hereof. We understand that this certification is required in connection with certain securities laws of the United
States. 

  
 B-4-1 

 In connection therewith, if administrative or legal proceedings are commenced or threatened in
connection with which this certificate is or would be relevant, we irrevocably authorize you to produce this certification to any interested party in such proceedings. 

Date:             ,
20    1 
  

			
	 Yours faithfully,

	
	 [MORGAN GUARANTY TRUST COMPANY OF

	 NEW YORK, Brussels office, as operator of the

	 Euroclear System]

	
	 [OR]

	
	 [CLEARSTREAM, LUXEMBOURG]

		
	 By:
	 	  

		 	 Name:

		 	 Title:

  

	1 	To be dated no earlier than the first day following the completion of the Distribution Compliance Period. 

  
 B-4-2 

 EXHIBIT B-5 

FORM OF CERTIFICATE OF BENEFICIAL OWNERSHIP 

Wells Fargo Bank, N.A. 
 Corporate Trust Services/Structure
Products Services 
 Sixth and Marquette Avenue 
 MAC N9311-161

 Minneapolis, Minnesota 55479 

Re:    OneMain Financial Issuance Trust 2015-1 

Reference is hereby made to the Indenture, dated as of February 5, 2015 (the “Indenture”), among OneMain Financial
Issuance Trust 2015-1 (the “Issuer”), Wells Fargo Bank, N.A., not in its individual capacity, but solely as loan trustee for the benefit of the Issuer (the “Issuer Loan Trustee”), OneMain Financial, Inc., as
Servicer, and Wells Fargo Bank, N.A., as Indenture Trustee (the “Indenture Trustee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture. 

The Securities are of the category contemplated in Section 230.903(c)(3) of Regulation S under the Securities Act of 1933, as amended
(the “Act”), and therefore this is to certify that, except as set forth below, the OneMain Financial Issuance Trust 2015-1 Notes (the “Securities”) described herein are beneficially owned by non-U.S. persons. As
used in this paragraph, the term “U.S. person” has the meaning given to it by Regulation S under the Act. 
 We undertake to
advise you promptly by tested telex on or prior to the date on which you intend to submit your certification relating to the Securities held by you for our account in accordance with your operating procedures if any applicable statement herein is
not correct on such date, and in the absence of any such notification it may be assumed that this certification, applies as of such date. 

This certification excepts and does not relate to U.S. $         of such interest in the above
Securities in respect of which we are not able to certify and as to which, we understand the exchange and delivery of definitive Securities (or, if relevant, exercise of any rights or collection of any interest) cannot be made until we do so
certify. 

  
 B-5-1 

 We understand that this certification is required in connection with certain securities laws of
the United States. In connection therewith, if administrative or legal proceedings are commenced or threatened in connection with which this certification is or would be relevant, we irrevocably authorize you to produce this certification to any
interested party in such proceedings. 

Date:                    , 20    1 
  

			
	 By:
	 	  

		 	 as, or as agent for, the beneficial owner(s) of

the Securities to which this certificate relates

  

	1 	Not earlier than 15 days prior to the certification event to which the certification relates. 

  
 B-5-2 

 EXHIBIT C 

FORM OF MONTHLY SERVICER REPORT 

See attached. 

  
 C-1 

 OneMain Financial Issuance Trust 2015-1  

MONTHLY SERVICER REPORT 
  

			
	 COLLECTION PERIOD
	  	
	 Beginning Date
	  	[—]/[—]/15
	 Ending Date
	  	[—]/[—]/15
	 Payment Date
	  	[—]/[—]/15
	 Transaction Month
	  	1
	 30/360 Days
	  	30

 Original Deal Parameters 
  

					
	 Initial Cut-Off Date:
	  	[—]/[—]/15	 	
	 Closing Date:
	  	[—]/[—]/15	 	

  

																													
								
	Initial Loan Principal Balance:	  	Dollars	 	  	No. of Loans	 	  	WAC	 	  	WALRT	 	  	 	 	  	 	 	  	 	 
		  	$	[—]	  	  	 	[—]	  	  				  				  				  				  			
								
	 	  	Note Balance	 	  	% of Loan Prin Bal	 	  	Interest Rate	 	  	Stated Maturity Date	 	  	 	 	  	 	 	  	 	 
	 Class A Notes
	  	$	[—]	  	  	 	[—]%	  	  	 	[—]%	  	  				  				  				  			
	 Class B Notes
	  	$	[—]	  	  	 	[—]%	  	  	 	[—]%	  	  				  				  				  			
	 Class C Notes
	  	$	[—]	  	  	 	[—]%	  	  	 	[—]%	  	  				  				  				  			
	 Class D Notes
	  	$	[—]	  	  	 	[—]%	  	  	 	[—]%	  	  				  				  				  			
		  	  
	  
	 	  				  				  				  				  				  			
	 Aggregate Note Principal Balance
		$	[—]	  		 	[—]%	  																				
								
	 Over-collateralization Amount
		$	[—]	  		 	[—]%	  																				
		  	  
	  
	 	  				  				  				  				  				  			
	 Initial Loan Principal Balance
		$	[—]	  		 	100.00%	  																				
	  
 Note and Loan Action Date Aggregate Principal
Balance Information
  
	 
   

								
	Initial Loan Principal Balance:	  	Note Balance	 	  	Beginning of Period
Note Factor	 	  	Interest Rate	 	  	Note Balance	 	  	End of Period
Note Factor	 	  	Interest
Rate	 	  	Change	 
	 Class A Notes
	  	$	[—]	  	  	 	[—]	  	  	 	[—]%	  	  	$	[—]	  	  	 	[—]	  	  	 	[—]%	  	  	$	[—]	  
	 Class B Notes
	  	$	[—]	  	  	 	[—]	  	  	 	[—]%	  	  	$	[—]	  	  	 	[—]	  	  	 	[—]%	  	  	$	[—]	  
	 Class C Notes
	  	$	[—]	  	  	 	[—]	  	  	 	[—]%	  	  	$	[—]	  	  	 	[—]	  	  	 	[—]%	  	  	$	[—]	  
	 Class D Notes
	  	$	[—]	  	  	 	[—]	  	  	 	[—]%	  	  	$	[—]	  	  	 	[—]	  	  	 	[—]%	  	  	$	[—]	  
	 Aggregate Note Principal Balance
	  	$	[—]	  	  	 	[—]	  	  				  	$	[—]	  	  	 	[—]	  	  				  	$	[—]	  
								
	 Pool Information
	  				  				  				  				  				  				  			
	 Weighted Avg. Coupon (WAC)
	  				  				  				  				  				  				  			
	 Weighted Avg. Loan Remaining Term (WALRT)
	  				  				  				  				  				  				  			
	 Loan Action Date Aggregate Principal Balance
	  	$	[—]	  	  				  				  	$	—  	  	  				  				  			
	 Number of Loans
	  	 	[—]	  	  				  				  	 	0	  	  				  				  			
	
	Loan Action Date Aggregate Principal Balance	  
								
	 Beginning Loan Action Date Aggregate Principal Balance
	  	$	 [—]	  	  				  				  				  				  				  			
	 Loan Principal Balance Reductions
	  	$	—  	  	  				  				  				  				  				  			
	 Charge-Offs
	  	$	—  	  	  				  				  				  				  				  			
	 Terminated Loans
	  	$	—  	  	  				  				  				  				  				  			
	 Renewal Loans
	  	$	—  	  	  				  				  				  				  				  			
	 Other Customer Charges Net Increase/Decrease
	  	$	—  	  	  				  				  				  				  				  			
	 Additional Loan Purchases
	  	$	—  	  	  				  				  				  				  				  			
	 De-Designated Previously Excluded Loans
	  	$	—  	  	  				  				  				  				  				  			
	 Excluded Loans
	  	$	—  	  	  				  				  				  				  				  			
	 Repurchased Loans
	  	$	—  	  	  				  				  				  				  				  			
	 Reassigned Loans
	  	$	—  	  	  				  				  				  				  				  			
		  	$	—  	  	  				  				  				  				  				  			
	 Ending Loan Action Date Aggregate Principal Balance
	  	$	 [—]	  	  				  				  				  				  				  			
	
	Collections	  
								
	 Principal and Interest Collections on Loans
	  	$	—  	  	  				  				  				  				  				  			
	 Repurchase Proceeds Related To Principal
	  	$	—  	  	  				  				  				  				  				  			
	 Collection of Fees and Other Misc. Charges
	  	$	—  	  	  				  				  				  				  				  			
	 Recoveries/Liquidation Proceeds
	  	$	—  	  	  				  				  				  				  				  			

  
 Page 1 of 5 

 OneMain Financial Issuance Trust 2015-1  

MONTHLY SERVICER REPORT 
  

			
	 COLLECTION PERIOD
	  	
	 Beginning Date
	  	[—]/[—]/15
	 Ending Date
	  	[—]/[—]/15
	 Payment Date
	  	[—]/[—]/15
	 Transaction Month
	  	1
	 30/360 Days
	  	30

  

																									
	 Total Loan Collections
	  	$	—  	  	  				  				  				  				  		  	
		  	$	—  	  	  				  				  				  				  		  	
	 Collection Account Interest
	  	$	—  	  	  				  				  				  				  		  	
	 Principal Distribution Account Interest
	  	$	—  	  	  				  				  				  				  		  	
	 Reserve Account Interest
	  	$	—  	  	  				  				  				  				  		  	
		  	  
	  
	 	  				  				  				  				  		  	
			$	—  	  																				
	 Reserve Draw Amount
		$	—  	  																				
								
	 Total Collections
		$	—  	  																				
								
	Distributions																								
								
	 	  	Amount	 	  	Amount Paid	 	  	Shortfall	 	  	Carryover
Shortfall	 	  	Remaining Available
Funds	 	  	 	  	 
	 Indenture Trustee/Account Bank/Note Registrar/Owner Trustee/Back-up Servicer (expenses)/Depositor Loan Trustee/Issuer Loan
Trustee
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Indemnification Amounts up to Indemnity Cap
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Back-Up Services Fees and Servicing Transition costs
	  	$	      	  	  	$	      	  	  	$	      	  	  	$	      	  	  	$	      	  	  		  	
	 Servicing Fee
	  				  				  				  				  				  		  	
	 Class A Monthly Interest Amount
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 First Priority Principal Payment
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Class B Monthly Interest Amount
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Second Priority Principal Payment
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Class C Monthly Interest Amount
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Third Priority Principal Payment
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Class D Monthly Interest Amount
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Fourth Priority Principal Payment
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Required Reserve Amount
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Regular Principal Payment Amount
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Additional Transaction Fees
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Unpaid Indemnification Amount
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Residual Released to Principal Distribution Account
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Residual Released to Depositor
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
	 Total
	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  		  	
								
	Reserve Account	  				  				  				  				  				  		  	
								
	 Beginning Period Reserve Account Amount
	  				  				  				  				  				  		  	
	 Reserve Draw Amount
	  				  				  				  				  				  		  	
	 Reserve Deposit Amount
	  				  				  				  				  				  		  	
	 Ending Period Reserve Account Amount
	  				  				  				  				  				  		  	
								
	 Change in Reserve Account Balance
	  				  				  				  				  				  		  	
								
	 Required Reserve Account Amount
	  	$	[—]	  	  				  				  				  				  		  	
								
	Principal Distribution Amount	  	 	 	  	 	 	  	 	 	  	Amount	 	  	 	 	  	 	  	 
								
	 Beginning Period Principal Distribution Account Amount
	  				  				  				  	$	—  	  	  				  		  	
	 Principal Distribution Draw Amount
	  				  				  				  	$	—  	  	  				  		  	
	 Ending Principal Distribution Account Amount Prior to Payment Waterfall
	  				  				  				  	$	—  	  	  				  		  	
								
	 Principal Distribution Deposit Amount
	  				  				  				  	$	—  	  	  				  		  	
	 Distribution to Noteholders (except during Revolving Period)
	  				  				  				  	$	—  	  	  				  		  	
	 Class A Noteholders
	  				  				  				  	$	—  	  	  				  		  	

  
 Page 2 of 5 

 OneMain Financial Issuance Trust 2015-1  

MONTHLY SERVICER REPORT 
  

			
	 COLLECTION PERIOD
		
	 Beginning Date
		[—]/[—]/15
	 Ending Date
		[—]/[—]/15
	 Payment Date
		[—]/[—]/15
	 Transaction Month
		1
	 30/360 Days
		30

  

																	
	 Class B Noteholders
								$	—  	  						
	 Class C Noteholders
								$	—  	  						
	 Class D Noteholders
								$	—  	  						
	 Purchase of Loans on Payment Date
								$	—  	  						
	 Ending Period Principal Distribution Account Amount
								$	—  	  						
	 Change in Principal Distribution Account Amount
								$	—  	  						

  
 Page 3 of 5 

 OneMain Financial Issuance Trust 2015-1  

MONTHLY SERVICER REPORT 
  

			
	 COLLECTION PERIOD
		
	 Beginning Date
		[—]/[—]/15
	 Ending Date
		[—]/[—]/15
	 Payment Date
		[—]/[—]/15
	 Transaction Month
		1
	 30/360 Days
		30

  

Over-collateralization 
  

																							
	 Loan Action Date Aggregate Principal Balance
						$	—  	  														
	 Amounts on Deposit in the Principal Distribution Account
						$	—  	  														
	 Aggregate Note Principal Balance
						$	—  	  														
		  				  	  
	  
	 	 				 				  		  		  	
	 Total Over-collateralization Amount
						$	—  	  														
								
	 Required Over-collateralization Amount
						$	 [—]	  														
								
	 Over-collateralization Event:
						 	NO	  														
								
	Delinquency																						
								
	 	  	Loan Principal
Balance	 	  	% of Loan Principal
Balance	 	 	# of Loans	 	 	% of Loans	 	  	 	  	 	  	 
	 Current
	  	$	—  	  	  				 	 	—  	  	 				  		  		  	
	 One Payment Past Due
	  	$	—  	  	  				 	 	—  	  	 				  		  		  	
	 Two Payments Past Due
	  	$	—  	  	  				 	 	—  	  	 				  		  		  	
	 Three Payments Past Due
	  	$	—  	  	  				 	 	—  	  	 				  		  		  	
	 Four Thru Six Payments Past Due
	  	$	—  	  	  				 	 	—  	  	 				  		  		  	
	 Seven or More Payments Past Due
	  	$	—  	  	  				 	 	—  	  	 				  		  		  	
		  	  
	  
	 	  				 	  
	  
	 	 				  		  		  	
	 Total
		$	—  	  						 	—  	  										
								
	Charged-Off Loans																						
								
	 Beginning Adjusted Loan Principal Balance
		$	—  	  																		
								
	 Charged-Off Loans
		$	—  	  																		
	 Recoveries
		$	—  	  																		
		  	  
	  
	 	  				 				 				  		  		  	
	 Net Charged-Off Loans
		$	—  	  																		
								
	 Monthly Net Loss Percentage Annualized
																						
	 Monthly Net Loss Percentage Annualized for 1st Preceding Collection
Period
						 	0.00	% 														
	 Monthly Net Loss Percentage Annualized for 2nd Preceding Collection
Period
						 	0.00	% 														
	 Three (3) Month Average Monthly Net Loss Percentage
																						
								
	Reinvestment Criteria Events																						
								
	 	  	Amount	 	  	        %        	 	 	Trigger Level	 	 	Compliance	 	  	 	  	 	  	 
	 OneMain Risk Level Range
	  				  				 				 				  		  		  	
	 Custom Score Range
	  				  				 				 				  		  		  	
	 No Custom Scores
	  	$	—  	  	  				 	 	1.00	% 	 	 	Yes	  	  		  		  	
	 AOT’s and No Custom Scores
	  	$	—  	  	  				 	 	12.5	% 	 	 	Yes	  	  		  		  	
	 AOT’s and No Custom Scores and Custom Scores 0-159
	  	$	—  	  	  				 	 	12.5	% 	 	 	Yes	  	  		  		  	
	 AOT’s and No Custom Scores and Custom Scores 0-179
	  	$	—  	  	  				 	 	15.0	% 	 	 	Yes	  	  		  		  	
	 AOT’s and No Custom Scores and Custom Scores 0-199
	  	$	—  	  	  				 	 	27.5	% 	 	 	Yes	  	  		  		  	
	 AOT’s and No Custom Scores and Custom Scores 0-219
	  	$	—  	  	  				 	 	57.5	% 	 	 	Yes	  	  		  		  	
	 AOT’s and No Custom Scores and Custom Scores 0-239
	  	$	—  	  	  				 	 	90.0	% 	 	 	Yes	  	  		  		  	
								
	 Loan Current Deferral Limitation
	  	$	—  	  	  				 	 	10.00	% 	 	 	Yes	  	  		  		  	
								
	 Origination State Concentration
	  	$	—  	  	  				 	 	15.0	% 	 	 	Yes	  	  		  		  	
	 Top Origination State
	  	$	—  	  	  				 				 				  		  		  	
		  	  
	  
	 	  				 				 				  		  		  	
	 Top Three (3) Origination States
		$	—  	  						 	40.0	% 		 	Yes	  						

  
 Page 4 of 5 

 OneMain Financial Issuance Trust 2015-1  

MONTHLY SERVICER REPORT 
  

			
	 COLLECTION PERIOD
	  	
	 Beginning Date
	  	[—]/[—]/15
	 Ending Date
	  	[—]/[—]/15
	 Payment Date
	  	[—]/[—]/15
	 Transaction Month
	  	1
	 30/360 Days
	  	30

  

																					
								
	 Weighted Average Coupon
	  	 	0.00	% 	 		  	 	22.0	% 	 	 	Yes	  	  		  		  	
								
	 Weighted Average Loan Remaining Term
	  	 	0	  	 		  	 	[	—] 	 	 	Yes	  	  		  		  	
								
	 	  	Amount	 	 	 	  	Trigger Level	 	 	Compliance	 	  	 	  	 	  	 
		  	$	—  	  	 		  	 	$[—]	  	 				  		  		  	
	 Over-collateralization Event:
	  	 	No	  	 		  				 	 	Yes	  	  		  		  	
								
	 Reinvestment Criteria Event
	  	 	No	  	 		  				 	 	Yes	  	  		  		  	
	 Reinvestment Criteria Event for 1st Preceding Collection Period
	  	 	No	  	 		  				 	 	Yes	  	  		  		  	
	 Reinvestment Criteria Event for 2nd Preceding Collection Period
	  	 	No	  	 		  				 	 	Yes	  	  		  		  	
								
	Amortization Events	  				 		  				 				  		  		  	
	 	  	Amount	 	 	 	  	Trigger Level	 	 	Amortization Event	 	  	 	  	 	  	 
	 Monthly Net Loss Percentage Annualized
	  	 	0.00	  	 		  	 	[—]%	  	 	 	No	  	  		  		  	
	 Three (3) Consecutive Month Reinvestment Criteria Event
	  				 		  				 	 	No	  	  		  		  	
	 Servicer Default
	  				 		  				 	 	No	  	  		  		  	

 Servicer Certification 
  

			
	 By:
	 	  

			
	 Title:
	 	  

  
 Page 5 of 5 

 EXHIBIT D 

RULE 15GA-1 INFORMATION 
 Reporting
Period:      
 q Check here if nothing to report. 

 

																													
	 Asset
Class
	 	Shelf	 	Series
Name	 	CIK	 	Originator	 	Loan
No.	 	Servicer
Loan
No.	 	Outstanding
Principal
Balance	 	Repurchase
Type	 	Indicate Repurchase Activity During the Reporting Period by Checkmark
or by Date Reference (as applicable)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Subject to
Demand	 	Repurchased
or Replaced	 	Repurchased
Pending	 	Demand in
Dispute	 	Demand
Withdrawn	 	Demand
Rejected
		 		 		 		 		 		 		 		 		 		 		 		 		 		 	

 Terms and Definitions: 

NOTE: Any date included on this report is subject to the descriptions below. Dates referenced on this report for this Transaction where
the Servicer is not the Repurchase Enforcer (as defined below); availability of such information may be dependent upon information received from other parties. 

References to “Repurchaser” shall mean the party obligated under the Transaction Documents to repurchase a Loan. References
to “Repurchase Enforcer” shall mean the party obligated under the Transaction Documents to enforce the obligations of any Repurchaser. 

Outstanding Principal Balance: For purposes of this report, the Outstanding Principal Balance of a Loan in this Transaction
equals the remaining outstanding principal balance of the Loan reflected on the distribution or payment reports at the end of the related reporting period, or if the Loan has been liquidated prior to the end of the related reporting period, the
final outstanding principal balance of the Loan reflected on the distribution or payment reports prior to liquidation. 
 Subject to
Demand: The date when a demand for repurchase is identified and coded by the Servicer or Indenture Trustee as a repurchase related request. 

  
 D-1 

 Repurchased or Replaced: The date when a Loan is repurchased or replaced. To the
extent such date is unavailable, the date upon which the Servicer or Indenture Trustee obtained actual knowledge a Loan has been repurchased or replaced. 

Repurchase Pending: A Loan is identified as “Repurchase Pending” when a demand notice is sent by the Indenture
Trustee, as Repurchase Enforcer, to the Repurchaser. A Loan remains in this category until (i) a Loan has been Repurchased, (ii) a request is determined to be a “Demand in Dispute,” (iii) a request is determined to be
a “Demand Withdrawn,” or (iv) a request is determined to be a “Demand Rejected.” 
 With respect to
the Servicer only, a Loan is identified as “Repurchase Pending” on the date (y) the Servicer sends notice of any request for repurchase to the related Repurchase Enforcer, or (z) the Servicer receives notice of a
repurchase request but determines it is not required to take further action regarding such request pursuant to its obligations under the applicable Transaction Documents. The Loan will remain in this category until the Servicer receives actual
knowledge from the related Repurchase Enforcer, Repurchaser, or other party, that the repurchase request should be changed to “Demand in Dispute”, “Demand Withdrawn”, “Demand Rejected”, or
“Repurchased.” 
 Demand in Dispute: Occurs (i) when a response is received from the Repurchaser which
refutes a repurchase request, or (ii) upon the expiration of any applicable cure period. 
 Demand Withdrawn: The date
when a previously submitted repurchase request is withdrawn by the original requesting party. To the extent such date is not available, the date when the Servicer or the Indenture Trustee receives actual knowledge of any such withdrawal. 

Demand Rejected: The date when the Indenture Trustee, as Repurchase Enforcer, has determined that it will no longer pursue
enforcement of a previously submitted repurchase request. To the extent such date is not otherwise available, the date when the Servicer receives actual knowledge from the Indenture Trustee, as Repurchase Enforcer, that it has determined not to
pursue a repurchase request. 

  
 D-2 

 SCHEDULE I 

PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS 

In addition to the representations, warranties and covenants contained in the Indenture, the Issuer (other than with respect to
Section 8(b)) and, with respect to Section 8(b) only, the Issuer Loan Trustee, hereby represent, warrant, and covenant to the Indenture Trustee as follows: 
  

	 	1.	This Indenture creates a valid and continuing security interest (as defined in the applicable UCC) in the Loans and the Note Accounts in favor of the Indenture Trustee, which security interest is prior to all other
Liens, and is enforceable as such as against creditors of and purchasers from the Issuer and the Issuer Loan Trustee. 

  

	 	2.	The Loans constitute “tangible chattel paper”, “electronic chattel paper”, “accounts”, “instruments” or “general intangibles” within the meaning of the UCC.

  

	 	3.	Each Note Account constitutes either a “deposit account” or a “securities account” within the meaning of the UCC. All Permitted Investments have been and will have been credited to one of the Note
Accounts. To the extent that a Note Account is a “securities account” the securities intermediary for such Note Account has agreed to treat all assets credited to such Note Account as “financial assets” within the meaning of the
UCC. 

  

	 	4.	Immediately prior to the sale, transfer, assignment and conveyance of the Loans by the Depositor and the Depositor Loan Trustee to the Issuer and the Issuer Loan Trustee, for the benefit of the Issuer, the Depositor and
the Depositor Loan Trustee, for the benefit of the Depositor, owned and had good and marketable title to such Loans free and clear of any Lien and immediately after the sale, transfer, assignment and conveyance of such Loans to the Issuer and the
Issuer Loan Trustee, for the benefit of the Issuer, the Issuer and the Issuer Loan Trustee, for the benefit of the Issuer, will have good and marketable title to such Loans free and clear of any Lien. 

 

	 	5.	The Issuer caused or will have caused, within ten (10) days after the effective date of this Indenture, the filing of all appropriate financing statements in the proper filing office in the appropriate
jurisdictions under applicable law in order to perfect the security interest in the Loans granted to the Indenture Trustee hereunder, and all financing statements referred to in this paragraph 5 contain a statement that: “A purchase of or
security interest in any collateral described in this financing statement will violate the rights of the Secured Party/Purchaser”. 

  

	 	6.	With respect to the Note Accounts that constitute deposit accounts, either: 

  

	 	(i)	the Issuer has delivered to the Indenture Trustee a fully executed agreement pursuant to which the bank maintaining the deposit accounts has agreed to comply with all instructions originated by the Indenture Trustee
directing disposition of the funds in such Note Accounts without further consent by the Issuer; or 

  
 Schedule I - 1 

	 	(ii)	the Issuer has taken all steps necessary to cause the Indenture Trustee to become the account holder of such Note Accounts. 

  

	 	7.	With respect to the Note Accounts that constitute securities accounts or securities entitlements, either: 

  

	 	(i)	the Issuer has delivered to the Indenture Trustee a fully executed agreement pursuant to which the securities intermediary has agreed to comply with all instructions originated by the Indenture Trustee relating to such
Note Accounts without further consent by the Issuer; or 

  

	 	(ii)	the Issuer has taken all steps necessary to cause the securities intermediary to identify in its records the Indenture Trustee as the person having a security entitlement against the securities intermediary in each of
such Note Accounts. 

  

	 	8.     (a)	Other than the security interest granted to the Indenture Trustee pursuant to the Indenture and transfers contemplated by and permitted under the Indenture, neither the Issuer nor the Issuer Loan Trustee has pledged,
assigned, sold, granted a security interest in, or otherwise conveyed any of the Loans or any interest in the Note Accounts, and the interest of the Indenture Trustee in the Note Accounts is free and clear of any lien, claim or encumbrance.

  

	 	(b)	The Issuer Loan Trustee has not authorized the filing of, and is not aware of, any financing statements against the Issuer Loan Trustee that include a description of collateral covering the Loans other than any
financing statement (i) relating to the conveyance of the Loans by the applicable Seller to the Depositor and the Depositor Loan Trustee under the Loan Purchase Agreement, (ii) relating to the conveyance of the Loans by the Depositor and
the Depositor Loan Trustee to the Issuer and the Issuer Loan Trustee under the Sale and Servicing Agreement, (iii) relating to the security interest granted to the Indenture Trustee hereunder, or (iv) that has been terminated.

  

	 	(c)	The Issuer has not authorized the filing of, and is not aware of, any financing statements against the Issuer that include a description of collateral covering the Loans other than any financing statement
(i) relating to the conveyance of the Loans by the applicable Seller to the Depositor and the Depositor Loan Trustee under the Loan Purchase Agreement, (ii) relating to the conveyance of the Loans by the Depositor and the Depositor Loan
Trustee to the Issuer and the Issuer Loan Trustee under the Sale and Servicing Agreement, (iii) relating to the security interest granted to the Indenture Trustee hereunder, or (iv) that has been terminated. 

  
 Schedule I - 2 

	 	9.	The Issuer is not aware of any material judgment, ERISA or tax lien filings against the Issuer. 

  

	 	10.	On or prior to the Grant of any Loan by the Issuer and the Issuer Loan Trustee to Indenture Trustee for the benefit of the Indenture Trustee and the Noteholders, the Seller of such Loan has in its possession
(i) all original copies of the instruments and tangible chattel paper that constitute or evidence the Loans Granted by the Issuer and the Issuer Loan Trustee to the Indenture Trustee for the benefit of the Indenture Trustee and the Noteholders,
and (ii) to the extent any such single “authoritative copy” exists, a single “authoritative copy” (as such term is used in Section 9.105 of the UCC) of any electronic chattel paper that constitute or evidence the Loans
Granted by the Issuer and the Issuer Loan Trustee to the Indenture Trustee for the benefit of the Indenture Trustee and the Noteholders. None of the instruments, electronic chattel paper or tangible chattel paper that constitute or evidence the
Loans has any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Depositor, the Depositor Loan Trustee for the benefit of the Depositor, the Issuer, the Issuer Loan Trustee for the
benefit of the Issuer or the Indenture Trustee. Neither the Issuer nor any other Person has communicated an “authoritative copy” (as such term is used in Section 9-105 of the UCC) of any Loan Agreement that constitutes or evidences
such Loan to any Person other than the Servicer or a Subservicer pursuant to the Sale and Servicing Agreement. 

  

	 	11.	With respect to each Loan Agreement that constitutes electronic chattel paper, all of the following are true: 

  

	 	(i)	Only one authoritative copy of such Loan Agreement that constitutes or evidences the Loans exists. Such authoritative copy (a) is unique, identifiable, and, except as otherwise provided in paragraphs (iii) and
(iv) below, unalterable, and (b) has been communicated to and is maintained by the Servicer in its capacity as custodian (or a Subservicer in its capacity of subcustodian) pursuant to the terms of this Sale and Servicing Agreement.

  

	 	(ii)	The authoritative copy identifies only the Indenture Trustee as the assignee of the Depositor and the Depositor Loan Trustee. 

  

	 	(iii)	Each copy of the authoritative copy and any copy of a copy are readily identifiable as copies that are not the authoritative copy. 

  

	 	(iv)	 With respect to such Loan Agreement, the record or records comprising the electronic chattel paper are created, stored, and assigned in a manner such
that (a) all copies or revisions that add or change an identified assignee of the authoritative copy of such Loan Agreement that constitutes 

  
 Schedule I - 3 

	 	
or evidences the Loans must be made with the participation of the Indenture Trustee, and (b) all revisions of the authoritative copy of such Loan Agreement that constitute or evidence the
Loans must be readily identifiable as an authorized or unauthorized revision. 

  

	 	(v)	Neither the Issuer nor any other Person has communicated an “authoritative copy” (as such term is used in Section 9-105 of the UCC) of such Loan Agreement that constitutes or evidences the Loan to any
Person other than the Servicer pursuant to the terms of this Sale and Servicing Agreement. 

  

	 	(vi)	Either (a) the Indenture Trustee has received a written acknowledgment from the Servicer that the Servicer (in its capacity as custodian) is holding the authoritative copy of such Loan Agreement solely on behalf
and for the benefit of the Indenture Trustee, as pledgee of the Issuer, or (b) the Indenture Trustee received a written acknowledgment from the Servicer that the Servicer is acting solely as agent of the Indenture Trustee, as pledgee of the
Issuer. 

  

	 	12.	No Note Account that constitutes a securities account or securities entitlement is in the name of any person other than the Indenture Trustee. The Issuer has not consented to the securities intermediary of any such Note
Account to comply with entitlement orders of any person other than the Indenture Trustee. 

  

	 	13.	No Note Account that constitutes a deposit account is in the name of any person other than the Indenture Trustee. The Issuer has not consented to the bank maintaining such Note Account to comply with instructions of any
person other than the Indenture Trustee. 

  

	 	14.	Notwithstanding any other provision of this Indenture or any other Transaction Document, the perfection representations, warranties and covenants contained in this Schedule I shall be continuing, and remain in full
force and effect until such time as all obligations under this Indenture have been finally and fully paid and performed. 

  

	 	15.	The parties to the Indenture shall provide each Rating Agency with prompt written notice of any material breach of the perfection representations, warranties and covenants contained in this Schedule I, and shall not,
without satisfying the Rating Agency Condition, waive a breach of any of such perfection representations, warranties or covenants. 

  

	 	16.	 The Issuer covenants that, in order to evidence the interests of the Indenture Trustee under this Indenture, the Issuer shall take such action, or
cause the Issuer Loan Trustee to execute and deliver such instruments as may be necessary or advisable (including, without limitation, such actions as are requested by the Indenture Trustee) to maintain and perfect, as a first-priority interest, the
Indenture Trustee’s security interest in the Loans. The Issuer shall, from time to 

  
 Schedule I - 4 

	 	
time and within the time limits established by law, prepare and file, all financing statements, amendments, continuations, initial financing statements in lieu of a continuation statement,
terminations, partial terminations, releases or partial releases, or any other filings necessary or advisable to continue, maintain and perfect the Indenture Trustee’s security interest in the Loans as a first-priority interest.

  
 Schedule I - 5EX-4.5

 Exhibit 4.5 
  

 
 ONEMAIN FINANCIAL HOLDINGS, INC.

 as Issuer, 

AND 
 THE GUARANTORS
PARTY HERETO 
 AND 

THE BANK OF NEW YORK MELLON, 

as Trustee 

$700,000,000 6.75% Senior Notes due 2019 

$800,000,000 7.25% Senior Notes due 2021 
  

 
 INDENTURE 

Dated as of December 11, 2014 
  

 

 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 
  

							
	 Section 1.1.
		Definitions		 	1	  
	 Section 1.2.
		Other Definitions		 	40	  
	 Section 1.3.
		Incorporation by Reference of Trust Indenture Act		 	41	  
	 Section 1.4.
		Rules of Construction		 	42	  

 ARTICLE II 

THE NOTES 
  

							
	 Section 2.1.
		Form, Dating and Terms		 	42	  
	 Section 2.2.
		Execution and Authentication		 	50	  
	 Section 2.3.
		Registrar and Paying Agent		 	51	  
	 Section 2.4.
		Paying Agent to Hold Money in Trust		 	51	  
	 Section 2.5.
		Holder Lists		 	52	  
	 Section 2.6.
		Transfer and Exchange		 	52	  
	 Section 2.7.
		[Reserved]		 	55	  
	 Section 2.8.
		Form of Certificate to be Delivered in Connection with Transfers to IAIs		 	56	  
	 Section 2.9.
		Form of Certificate to be Delivered in Connection with Transfers Pursuant to Regulation S		 	57	  
	 Section 2.10.
		Form of Certificate to be Delivered in Connection with Transfers to AIs		 	59	  
	 Section 2.11.
		Mutilated, Destroyed, Lost or Stolen Notes		 	60	  
	 Section 2.12.
		Outstanding Notes		 	61	  
	 Section 2.13.
		Temporary Notes		 	62	  
	 Section 2.14.
		Cancellation		 	62	  
	 Section 2.15.
		Payment of Interest; Defaulted Interest		 	63	  
	 Section 2.16.
		CUSIP and ISIN Numbers		 	64	  

 ARTICLE III 

COVENANTS 
  

							
	 Section 3.1.
		Payment of Notes		 	64	  
	 Section 3.2.
		Limitation on Indebtedness		 	64	  
	 Section 3.3.
		Limitation on Restricted Payments		 	69	  
	 Section 3.4.
		Limitation on Restrictions on Distributions from Restricted Subsidiaries		 	75	  
	 Section 3.5.
		Limitation on Sales of Assets and Subsidiary Stock		 	78	  
	 Section 3.6.
		Limitation on Liens		 	82	  
	 Section 3.7.
		Additional Guarantees		 	83	  
	 Section 3.8.
		Limitation on Affiliate Transactions		 	83	  
	 Section 3.9.
		Change of Control Repurchase Event		 	85	  
	 Section 3.10.
		Reports		 	88	  
	 Section 3.11.
		Maintenance of Office or Agency		 	89	  

							
	 Section 3.12.
		Corporate Existence		 	90	  
	 Section 3.13.
		Payment of Taxes		 	90	  
	 Section 3.14.
		Payments for Consent		 	90	  
	 Section 3.15.
		Compliance Certificate		 	91	  
	 Section 3.16.
		Further Instruments and Acts		 	91	  
	 Section 3.17.
		Conduct of Business		 	91	  
	 Section 3.18.
		Statement by Officers as to Default		 	91	  
	 Section 3.19.
		Suspension of Certain Covenants		 	91	  
	 Section 3.20.
		Designation of Restricted and Unrestricted Subsidiaries		 	92	  
	 Section 3.21.
		Investment Company Act Status		 	93	  

 ARTICLE IV 

SUCCESSOR COMPANY; SUCCESSOR PERSON 
  

							
	 Section 4.1.
		Merger and Consolidation		 	93	  

 ARTICLE V 

REDEMPTION OF SECURITIES 
  

							
	 Section 5.1.
		Notices to Trustee		 	95	  
	 Section 5.2.
		Selection of Notes to Be Redeemed or Purchased		 	96	  
	 Section 5.3.
		Notice of Redemption		 	96	  
	 Section 5.4.
		Effect of Notice of Redemption		 	97	  
	 Section 5.5.
		Deposit of Redemption or Purchase Price		 	97	  
	 Section 5.6.
		Notes Redeemed or Purchased in Part		 	97	  
	 Section 5.7.
		Optional Redemption		 	98	  
	 Section 5.8.
		Mandatory Redemption		 	99	  

 ARTICLE VI 

DEFAULTS AND REMEDIES 
  

							
	 Section 6.1.
		Events of Default		 	99	  
	 Section 6.2.
		Acceleration		 	101	  
	 Section 6.3.
		Other Remedies		 	102	  
	 Section 6.4.
		Waiver of Past Defaults		 	102	  
	 Section 6.5.
		Control by Majority		 	103	  
	 Section 6.6.
		Limitation on Suits		 	103	  
	 Section 6.7.
		Rights of Holders to Receive Payment		 	104	  
	 Section 6.8.
		Collection Suit by Trustee		 	104	  
	 Section 6.9.
		Trustee May File Proofs of Claim		 	104	  
	 Section 6.10.
		Priorities		 	104	  
	 Section 6.11.
		Undertaking for Costs		 	105	  

  
 ii 

 ARTICLE VII 

TRUSTEE 
  

							
	 Section 7.1.
		Duties of Trustee		 	105	  
	 Section 7.2.
		Rights of Trustee		 	106	  
	 Section 7.3.
		Individual Rights of Trustee		 	108	  
	 Section 7.4.
		Trustee’s Disclaimer		 	108	  
	 Section 7.5.
		Notice of Defaults		 	108	  
	 Section 7.6.
		Reports by Trustee to Holders		 	109	  
	 Section 7.7.
		Compensation and Indemnity		 	109	  
	 Section 7.8.
		Replacement of Trustee		 	110	  
	 Section 7.9.
		Successor Trustee by Merger		 	111	  
	 Section 7.10.
		Eligibility; Disqualification		 	111	  
	 Section 7.11.
		Preferential Collection of Claims Against the Company		 	111	  
	 Section 7.12.
		Trustee’s Application for Instruction from the Company		 	111	  

 ARTICLE VIII 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 
  

							
	 Section 8.1.
		Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance		 	112	  
	 Section 8.2.
		Legal Defeasance and Discharge		 	112	  
	 Section 8.3.
		Covenant Defeasance		 	112	  
	 Section 8.4.
		Conditions to Legal or Covenant Defeasance		 	113	  
	 Section 8.5.
		Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions		 	114	  
	 Section 8.6.
		Repayment to the Company		 	115	  
	 Section 8.7.
		Reinstatement		 	115	  

 ARTICLE IX 

AMENDMENTS 
  

							
	 Section 9.1.
		Without Consent of Holders		 	116	  
	 Section 9.2.
		With Consent of Holders		 	117	  
	 Section 9.3.
		[Reserved.]		 	118	  
	 Section 9.4.
		Revocation and Effect of Consents and Waivers		 	118	  
	 Section 9.5.
		Notation on or Exchange of Notes		 	119	  
	 Section 9.6.
		Trustee to Sign Amendments		 	119	  

 ARTICLE X 

GUARANTEE 
  

							
	 Section 10.1.
		Guarantee		 	119	  

  
 iii 

							
	 Section 10.2.
		Limitation on Liability; Termination, Release and Discharge		 	121	  
	 Section 10.3.
		Right of Contribution		 	122	  
	 Section 10.4.
		No Subrogation		 	122	  

 ARTICLE XI 

SATISFACTION AND DISCHARGE 
  

							
	 Section 11.1.
		Satisfaction and Discharge		 	123	  
	 Section 11.2.
		Application of Trust Money		 	124	  

 ARTICLE XII 

MISCELLANEOUS 
  

							
	 Section 12.1.
		[Reserved.]		 	124	  
	 Section 12.2.
		Notices		 	124	  
	 Section 12.3.
		Communication by Holders with other Holders		 	126	  
	 Section 12.4.
		Certificate and Opinion as to Conditions Precedent		 	126	  
	 Section 12.5.
		Statements Required in Certificate or Opinion		 	126	  
	 Section 12.6.
		When Notes Disregarded		 	127	  
	 Section 12.7.
		Rules by Trustee, Paying Agent and Registrar		 	127	  
	 Section 12.8.
		Legal Holidays		 	127	  
	 Section 12.9.
		Governing Law		 	127	  
	 Section 12.10.
		Jurisdiction		 	127	  
	 Section 12.11.
		Waivers of Jury Trial		 	128	  
	 Section 12.12.
		USA PATRIOT Act		 	128	  
	 Section 12.13.
		No Recourse Against Others		 	128	  
	 Section 12.14.
		Successors		 	128	  
	 Section 12.15.
		Multiple Originals		 	128	  
	 Section 12.16.
		[Reserved]		 	128	  
	 Section 12.17.
		Table of Contents; Headings		 	128	  
	 Section 12.18.
		Force Majeure		 	129	  
	 Section 12.19.
		Severability		 	129	  
	 Section 12.20.
		Tax Matters		 	129	  
		
	 EXHIBIT A-1
		Form of 2019 Notes	  
	 EXHIBIT A-2
		Form of 2021 Notes	  
	 EXHIBIT B
		Form of Supplemental Indenture	  

  
 iv 

 INDENTURE dated as of December 11, 2014, among ONEMAIN FINANCIAL HOLDINGS, INC., a
Delaware corporation (the “Company”), the guarantors from time to time parties hereto, and THE BANK OF NEW YORK MELLON, a New York banking corporation, as trustee (in such capacity, the “Trustee”). 

W I T N E S S E T H: 

WHEREAS, the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of (i) its
$700,000,000 6.75% Senior Notes due 2019 (the “2019 Initial Notes”) and its $800,000,000 7.25% Senior Notes due 2021 (the “2021 Initial Notes” and, together with the 2019 Initial Notes, the “Initial
Notes”), as issued on the date hereof, and (ii) any additional 2019 Notes (the “2019 Additional Notes”) and any additional 2021 Notes (the “2021 Additional Notes” and, together with the 2019 Additional
Notes, the “Additional Notes,” and the Initial Notes together with the Additional Notes, the “Notes”) that may be issued from time to time after the Issue Date; 

WHEREAS, all things necessary (i) to make the Notes (in the case of the Additional Notes, when duly authorized), when executed and duly
issued by the Company and authenticated and delivered hereunder, the valid obligations of the Company, and (ii) to make this Indenture a valid agreement of the Company have been done; and 

WHEREAS, the Guarantors party hereto have duly authorized the execution and delivery of this Indenture as guarantors of the Notes and all
things necessary to make this Indenture a valid agreement of each Guarantor, in accordance with its terms, have been done, and each Guarantor has done all things necessary to make the Guarantees, when the Notes are executed by the Company and
authenticated and delivered by the Trustee and duly issued by the Company, the valid obligations of such Guarantor as hereinafter provided. 

NOW, THEREFORE, in consideration of the premises and the purchase of the Notes by the Holders thereof, it is mutually covenanted and agreed,
for the equal and proportionate benefit of all Holders, as follows: 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.1. Definitions.  

“2019 Additional Notes” has the meaning ascribed to it in the second introductory paragraph of this Indenture.

 “2021 Additional Notes” has the meaning ascribed to it in the second introductory paragraph of this
Indenture. 
 “2019 Initial Notes” has the meaning ascribed to it in the second introductory paragraph of
this Indenture. 

 “2021 Initial Notes” has the meaning ascribed to it in the second
introductory paragraph of this Indenture. 
 “2019 Notes” means the 2019 Initial Notes and the 2019
Additional Notes. 
 “2021 Notes” means the 2021 Initial Notes and the 2021 Additional Notes. 

“Acquired Indebtedness” means Indebtedness (1) of a Person or any of its Subsidiaries existing at the time such
Person becomes a Restricted Subsidiary, or (2) assumed in connection with the acquisition of assets from such Person, in each case whether or not Incurred by such Person in connection with such Person becoming a Restricted Subsidiary of the
Company or such acquisition or (3) of a Person at the time such Person merges with or into or consolidates or otherwise combines with the Company or any Restricted Subsidiary. Acquired Indebtedness shall be deemed to have been Incurred, with
respect to clause (1) of the preceding sentence, on the date such Person becomes a Restricted Subsidiary and, with respect to clause (2) of the preceding sentence, on the date of consummation of such acquisition of assets and, with respect
to clause (3) of the preceding sentence, on the date of the relevant merger, consolidation or other combination. 

“Additional Assets” means: 

(1) any property or assets (other than Capital Stock) used or to be used by the Company, a Restricted Subsidiary or otherwise
useful in a Similar Business (it being understood that capital expenditures on property or assets already used in a Similar Business or to replace any property or assets that are the subject of such Asset Disposition shall be deemed an investment in
Additional Assets); 
 (2) the Capital Stock of a Person that is engaged in a Similar Business and becomes a Restricted
Subsidiary as a result of the acquisition of such Capital Stock by the Company or a Restricted Subsidiary of the Company; 

(3) Capital Stock constituting a minority interest in any Person that at such time is a Restricted Subsidiary of the Company;
or 
 (4) Financeable Assets; 

provided, however, that any such Restricted Subsidiary described in clause (2) or (3) above is not a
Securitization Entity. 
 “Additional Notes” has the meaning ascribed to it in the second introductory
paragraph of this Indenture. 
 “Affiliate” of any specified Person means any other Person, directly or
indirectly, controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with respect to any Person means the power to direct the management
and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative to the foregoing.

  
 2 

 “AI” means an “accredited investor” as described in Rule
501(a)(4) under the Securities Act. 
 “Applicable Premium” means the greater of (A) 1.0% of the
principal amount of such Note and (B) on any Redemption Date, the excess (to the extent positive) of: 
 (a) the
present value at such Redemption Date of (i) the redemption price of such Note at December 15, 2016, in the case of the 2019 Notes, and December 15, 2017, in the case of the 2021 Notes (such redemption price (expressed in percentage
of principal amount) being set forth in Section 5.7(b), in the case of the 2019 Notes, and Section 5.7(e), in the case of the 2021 Notes (excluding accrued but unpaid interest)), plus (ii) all required interest payments due on such Note to and
including such date set forth in clause (i) (excluding accrued but unpaid interest), computed upon the Redemption Date using a discount rate equal to the Treasury Rate at such Redemption Date plus 50 basis points; over 

(b) the outstanding principal amount of such Note; 

in each case, as calculated by the Company or on behalf of the Company by such Person as the Company shall designate. 

“Asset Disposition” means: 

(a) the sale, conveyance, transfer or other disposition, whether in a single transaction or a series of related transactions,
of property or assets (including by way of a Sale and Leaseback Transaction) of the Company (other than Capital Stock of the Company) or any of its Restricted Subsidiaries (each referred to in this definition as a “disposition”); or 

(b) the issuance or sale of Capital Stock of any Restricted Subsidiary (other than Preferred Stock or Disqualified Stock of
Restricted Subsidiaries issued in compliance with Section 3.2 hereof or directors’ qualifying shares and shares issued to foreign nationals as required under applicable law), whether in a single transaction or a series of related transactions;

 in each case, other than: 

(1) a disposition by the Company or a Restricted Subsidiary to the Company or a Restricted Subsidiary; 

(2) a disposition of cash, Cash Equivalents or Investment Grade Securities; 

(3) a disposition of inventory or other assets (including Financeable Assets) in the ordinary course of business; 

(4) a disposition of obsolete, surplus or worn out equipment or other assets or equipment or other assets that are no longer
useful in the conduct of the business of the Company and its Restricted Subsidiaries; 

  
 3 

 (5) transactions permitted under Section 4.1 hereof or a transaction that
constitutes a Change of Control; 
 (6) an issuance of Capital Stock by a Restricted Subsidiary to the Company or to another
Restricted Subsidiary or as part of or pursuant to an equity incentive or compensation plan approved by the Board of Directors; 

(7) any dispositions of Capital Stock, properties or assets in a single transaction or series of related transactions with a
fair market value (as determined in good faith by the Company) of less than $25.0 million; 
 (8) any Restricted Payment that
is permitted to be made, and is made, under Section 3.3 and the making of any Permitted Payment or Permitted Investment or, solely for purposes of Section 3.5(a)(3) asset sales, the proceeds of which are used to make such Restricted Payments or
Permitted Investments; 
 (9) dispositions in connection with Permitted Liens; 

(10) disposition of Investments or other assets and disposition or compromise of receivables, in each case, in connection with
the compromise, workout, settlement or collection thereof or exercise of remedies with respect thereto, or in bankruptcy, foreclosure or similar proceedings, including foreclosure, repossession and disposition of collateral for loans serviced or
originated by the Company or any of its Subsidiaries; 
 (11) the licensing or sub-licensing of intellectual property or
other general intangibles and licenses, sub-licenses, leases or subleases of other property, in each case, in the ordinary course of business; 

(12) foreclosure, condemnation or any similar action with respect to any property or other assets; 

(13) the sale or discount (with or without recourse, and on customary or commercially reasonable terms and for credit
management purposes) of accounts receivable, notes receivable or other assets that by their terms convert into cash in the ordinary course of business, or the conversion or exchange of such assets for accounts receivable, notes receivable or other
assets, in each case in the ordinary course of business; 
 (14) any disposition of Capital Stock, Indebtedness or other
securities of an Unrestricted Subsidiary; 
 (15) any disposition of Capital Stock of a Restricted Subsidiary pursuant to an
agreement or other obligation with or to a Person (other than the Company or a Restricted Subsidiary) from whom such Restricted Subsidiary was acquired, or from whom such Restricted Subsidiary acquired its business and assets (having been newly
formed in connection with such acquisition), made as part of such acquisition and in each case comprising all or a portion of the consideration in respect of such sale or acquisition; 

  
 4 

 (16) to the extent allowable under Section 1031 of the Code, any exchange of
like property (excluding any boot thereon) for use in a Similar Business; 
 (17) any surrender or waiver of contract rights
or the settlement, release or surrender of contract, tort or other claims of any kind; 
 (18) the sale by any Securitization
Entity of any security issued, or assets held, by any other Securitization Entity in connection with a Qualified Securitization Transaction; 

(19) any sales, transfers, contributions or dispositions of Financeable Assets to Securitization Entities in connection with a
Qualified Securitization Transaction; and 
 (20) transactions pursuant to repurchase agreements entered into in the ordinary
course of business. 
 “Associate” means (i) any Person engaged in a Similar Business of which the Company or
its Restricted Subsidiaries are the legal and beneficial owners of between 20% and 50% of all outstanding Voting Stock and (ii) any Joint Venture entered into by the Company or any Restricted Subsidiary of the Company. 

“Bankruptcy Law” means Title 11 of the United States Code or similar federal, state or foreign law for the relief of
debtors. 
 “Board of Directors” means (1) with respect to any corporation, the board of directors or
managers, as applicable, of the corporation, or any duly authorized committee thereof; (2) with respect to any partnership, the board of directors or other governing body of the general partner of the partnership or any duly authorized
committee thereof; and (3) with respect to any other Person, the board or any duly authorized committee of such Person serving a similar function. Whenever any provision requires any action or determination to be made by, or any approval of, a
Board of Directors, such action, determination or approval shall be deemed to have been taken or made if approved by a majority of the directors on any such Board of Directors (whether or not such action or approval is taken as part of a formal
board meeting or as a formal board approval). 
 “Board Resolution” means a copy of a resolution certified by
the Secretary or an Assistant Secretary of a Person to have been duly adopted by the Board of Directors of such Person and to be in full force and effect as of the date of such certification, and delivered to the Trustee. 

“Business Day” means each day that is not a Saturday, Sunday or other day on which banking institutions in New York,
New York, United States or in the state of the place of payment are authorized or required by law to close. 

“Capital Stock” of any Person means any and all shares of, rights to purchase, warrants, options or depositary
receipts for, or other equivalents of or partnership or other interests in (however designated), equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into such equity. 

  
 5 

 “Capitalized Lease Obligations” means an obligation that is required to
be classified and accounted for as a capitalized lease for financial reporting purposes on the basis of GAAP, as in effect on the Issue Date. The amount of Indebtedness represented by such obligation will be the capitalized amount of such obligation
at the time any determination thereof is to be made as determined on the basis of GAAP, and the Stated Maturity thereof will be the date of the last payment of rent or any other amount due under such lease prior to the first date such lease may be
terminated without penalty. 
 “Cash Equivalents” means: 

(1) (a) United States dollars, euro, or any national currency of any member state of the European Union; or (b) any other
foreign currency held by the Company and the Restricted Subsidiaries in the ordinary course of business; 
 (2) securities
issued or directly and fully Guaranteed or insured by the United States or Canadian governments, a member state of the European Union or, in each case, any agency or instrumentality of thereof (provided that the full faith and credit of such country
or such member state is pledged in support thereof), having maturities of not more than two years from the date of acquisition; 

(3) certificates of deposit, time deposits, eurodollar time deposits, overnight bank deposits or bankers’ acceptances
having maturities of not more than one year from the date of acquisition thereof issued by any lender or by any bank or trust company (a) whose commercial paper is rated at least “A-2” or the equivalent thereof by S&P or at least
“P-2” or the equivalent thereof by Moody’s (or if at the time neither is issuing comparable ratings, then a comparable rating of another Nationally Recognized Statistical Rating Organization) or (b) (in the event that the bank or
trust company does not have commercial paper which is rated) having combined capital and surplus in excess of $100.0 million; 

(4) repurchase obligations for underlying securities of the types described in clauses (2) and (3) entered into with
any bank meeting the qualifications specified in clause (3) above; 
 (5) commercial paper rated at the time of
acquisition thereof at least “A-2” or the equivalent thereof by S&P or “P-2” or the equivalent thereof by Moody’s or carrying an equivalent rating by a Nationally Recognized Statistical Rating Organization, if both of
the two named rating agencies cease publishing ratings of investments or, if no rating is available in respect of the commercial paper, the issuer of which has an equivalent rating in respect of its long-term debt, and in any case maturing within
one year after the date of acquisition thereof; 
 (6) readily marketable direct obligations issued by any state of the
United States of America, any province of Canada, any member of the European Union or any political subdivision thereof, in each case, having one of the two highest rating categories obtainable from either Moody’s or S&P (or, if at the
time, neither is issuing comparable ratings, then a comparable rating of another Nationally Recognized Statistical Rating Organization) with maturities of not more than two years from the date of acquisition; 

  
 6 

 (7) Indebtedness or Preferred Stock issued by Persons with a rating of “BBB-” or higher from S&P or “Baa3” or higher from Moody’s (or, if at the time, neither is issuing comparable ratings, then a comparable rating of another Nationally Recognized
Statistical Rating Organization) with maturities of 12 months or less from the date of acquisition; 
 (8) bills of exchange
issued in the United States, Canada, a member state of the European Union or Japan eligible for rediscount at the relevant central bank and accepted by a bank (or any dematerialized equivalent); 

(9) interests in any investment company, money market or enhanced high yield fund which invests 95% or more of its assets in
instruments of the type specified in clauses (1) through (8) above; and 
 (10) for purposes of clause (2) of
the definition of “Asset Disposition,” the marketable securities portfolio owned by the Company and its Subsidiaries on the Issue Date. 

Notwithstanding the foregoing, Cash Equivalents shall include amounts denominated in currencies other than those set forth in clause
(1) above; provided that such amounts are converted into any currency listed in clause (1) as promptly as practicable and in any event within 10 Business Days following the receipt of such amounts. 

“Cash Management Services” means any of the following to the extent not constituting a line of credit (other than an
overnight draft facility that is not in default): ACH transactions, treasury and/or cash management services, including, without limitation, controlled disbursement services, overdraft facilities, foreign exchange facilities, deposit and other
accounts and merchant services. 
 “Change of Control” means: 

(1) the Company becomes aware of (by way of a report or any other filing pursuant to Section 13(d) of the Exchange Act,
proxy, vote, written notice or otherwise) that as a result of any transaction, including, without limitation, any merger, consolidation or purchase, any “person” or “group” of related persons (as such terms are used in Sections
13(d) and 14(d) of the Exchange Act as in effect on the Issue Date), other than one or more Permitted Holders, is or becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act as in effect on the Issue
Date), directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Company; 
 (2) the
Permitted Holders cease in the aggregate to be the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act as in effect on the Issue Date) of at least 50% of the total voting power of the Voting Stock of the Company
other than as a result of or following an initial public offering of Voting Stock of the Company registered under the Securities Act; 

  
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 (3) the sale, lease, transfer, conveyance or other disposition (other than by way
of merger, consolidation or other business combination transaction), in one or a series of related transactions, of all or substantially all of the assets of the Company and its Restricted Subsidiaries, taken as a whole, to a Person, other than a
Restricted Subsidiary or one or more Permitted Holders; or 
 (4) the Company adopts a plan of liquidation or dissolution.

 Notwithstanding the foregoing, a transaction will not be deemed to involve a Change of Control if (1) the Company becomes a direct
or indirect wholly owned subsidiary of a holding company and (2)(A) the direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as the holders of the
Company’s Voting Stock immediately prior to that transaction or (B) immediately following that transaction no person (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly or
indirectly, of more than 50% of the Voting Stock of such holding company, other than a Permitted Holder. 
 “Change of
Control Repurchase Event” means, with respect to any series of Notes, the occurrence of both a Change of Control and a Ratings Event with respect to such Series. 

“Citi Warehouse Line” means financing provided to the Company or any Restricted Subsidiary by Citigroup Inc. or any of
its subsidiaries (other than the Company or any of its Subsidiaries).  
 “Code” means the United States
Internal Revenue Code of 1986, as amended. 
 “Consolidated Equity to Total Assets Ratio” means, with respect
to any Person as of any determination date, the ratio of Consolidated Equity of such Person as of such determination date to the Total Assets of such Person as of such determination date, rounded to the nearest single digit. 

“Consolidated Equity” means, with respect to any Person as of any determination date, the total equity (capital),
shareholders’ equity or partners’ capital, as applicable, as shown on the most recent quarterly or annual consolidated balance sheet of such Person and its Restricted Subsidiaries made available pursuant to Section 3.10, determined on a
pro forma basis in a manner consistent with the pro forma basis contained in the definition of Consolidated Non-Funding Debt to Tangible Equity Ratio. 

“Company” means OneMain Financial Holdings, Inc., a Delaware corporation, and any successor thereto. 

“Consolidated Net Income” means, for any period, the net income (loss) attributable to the Company and its Restricted
Subsidiaries determined on a consolidated basis on the basis of GAAP; provided, however, that there will not be included in such Consolidated Net Income: 

  
 8 

 (1) subject to the limitations contained in clause (3) below, any net income
(loss) of any Person if such Person is not a Restricted Subsidiary, except that the Company’s equity in the net income of any such Person for such period will be included in such Consolidated Net Income up to the aggregate amount of cash or
Cash Equivalents actually distributed by such Person during such period to the Company or a Restricted Subsidiary as a dividend or other distribution or return on investment or could have been distributed, as reasonably determined by an Officer of
the Company (subject, in the case of a dividend or other distribution or return on investment to a Restricted Subsidiary, to the limitations contained in clause (2) below); 

(2) solely for the purpose of determining the amount available for Restricted Payments under Section 3.3(a)(iii)(A) hereof, any
net income (loss) of any Restricted Subsidiary (other than Guarantors) if such Subsidiary is subject to restrictions, directly or indirectly, on the payment of dividends or the making of distributions by such Restricted Subsidiary, directly or
indirectly, to the Company or a Guarantor by operation of the terms of such Restricted Subsidiary’s charter or any agreement, instrument, judgment, decree, order, statute or governmental rule or regulation applicable to such Restricted
Subsidiary or its shareholders (other than (a) restrictions that have been waived or otherwise released and (b) restrictions pursuant to the Notes or this Indenture) except that the Company’s equity in the net income of any such
Restricted Subsidiary for such period will be included in such Consolidated Net Income up to the aggregate amount of cash or Cash Equivalents actually distributed or that could have been distributed by such Restricted Subsidiary during such period
to the Company or another Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend to another Restricted Subsidiary, to the limitation contained in this clause); 

(3) any net gain (or loss) realized upon the sale or other disposition of any disposed or discontinued operations of the
Company or any Restricted Subsidiaries (including pursuant to any sale/leaseback transaction but excluding pursuant to any sale of real estate related assets) and related fees and expenses as well as any net income or loss from disposed or
discontinued operations; 
 (4) any extraordinary, exceptional, unusual or nonrecurring gain, loss, charge or expense or any
charges, expenses or reserves in respect of any restructuring, redundancy or severance expense (other than any gain realized upon the sale of any assets of an Insurance Subsidiary); 

(5) the cumulative effect of a change in accounting principles; 

(6) any (i) non-cash compensation charge or expense arising from any grant of stock, stock options or other equity based
awards and any non-cash deemed finance charges in respect of any pension liabilities or other provisions and (ii) income (loss) attributable to deferred compensation plans or trusts; 

(7) all deferred financing costs written off and premiums paid or other expenses incurred directly in connection with any early
extinguishment of Indebtedness and any net gain (loss) from any write-off or forgiveness of Indebtedness; 

  
 9 

 (8) any unrealized gains or losses in respect of Hedging Obligations or any
ineffectiveness recognized in earnings related to qualifying hedge transactions or the fair value of changes therein recognized in earnings for derivatives that do not qualify as hedge transactions, in each case, in respect of Hedging Obligations;

 (9) any unrealized foreign currency transaction gains or losses in respect of Indebtedness of any Person denominated in a
currency other than the functional currency of such Person and any unrealized foreign exchange gains or losses relating to translation of assets and liabilities denominated in foreign currencies; 

(10) any unrealized foreign currency translation or transaction gains or losses in respect of Indebtedness or other obligations
of the Company or any Restricted Subsidiary owing to the Company or any Restricted Subsidiary; 
 (11) any purchase
accounting effects including, but not limited to, adjustments to inventory, property and equipment, software and other intangible assets and deferred revenue in component amounts required or permitted by GAAP and related authoritative pronouncements
(including the effects of such adjustments pushed down to the Company and the Restricted Subsidiaries), as a result of any consummated acquisition, or the amortization or write-off of any amounts thereof (including any write-off of in process
research and development); 
 (12) any goodwill or other intangible asset amortization, impairment charge or write-off; 

(13) any after-tax effect of income (loss) from the early extinguishment or cancellation of Indebtedness or Hedging Obligations
or other derivative instruments; 
 (14) the amount of any expense to the extent a corresponding amount is received in cash
by the Company and the Restricted Subsidiaries from a Person other than the Company or any Restricted Subsidiaries under any agreement providing for reimbursement of any such expense; provided such reimbursement payment has not been included
in determining Consolidated Net Income (it being understood that if the amounts received in cash under any such agreement in any period exceed the amount of expense in respect of such period, such excess amounts received may be carried forward and
applied against expense in future periods); 
 (15) change in fair value of Permitted Funding Indebtedness or Investments or
the amortization of Permitted Funding Indebtedness or the write-off of Investments pursuant to such Person’s accounting policy; 

(16) any unrealized gains or losses on investment assets whether or not recognized as such on the financial statements of the
Company; and 
 (17) any realized gains or losses in respect to Hedging Obligations associated with specific assets owned by
the Company as of the last day of the period for which Consolidated Net Income is being determined. 

  
 10 

 “Consolidated Non-Funding Debt” means, with respect to any Person as of
any determination date, an amount equal to the sum of (1) the aggregate amount of all outstanding Non-Funding Indebtedness for borrowed money and obligations in respect of Capitalized Lease Obligations of such Person and its Restricted
Subsidiaries on a consolidated basis, plus (2) the aggregate liquidation preference of Disqualified Stock and Preferred Stock of Restricted Subsidiaries, in each case as of such determination date. 

“Consolidated Non-Funding Debt to Tangible Equity Ratio” means, with respect to any Person on any determination date,
the ratio of Consolidated Non-Funding Debt of such Person as of such determination date to the Consolidated Tangible Shareholders Equity of such Person as of such determination date. In the event that the Company or any Restricted Subsidiary Incurs,
assumes, Guarantees, redeems, defeases, retires or extinguishes any Consolidated Non-Funding Debt (other than Consolidated Non-Funding Debt Incurred under any revolving credit facility unless such Indebtedness has been permanently repaid and has not
been replaced) or issues or redeems Disqualified Stock or Preferred Stock subsequent to the date of the most recent consolidated balance sheet for which the Consolidated Non-Funding Debt to Tangible Equity Ratio is being calculated but prior to or
simultaneously with the event for which the calculation of the Consolidated Non-Funding Debt to Tangible Equity Ratio is made (the “Consolidated Non-Funding Debt to Tangible Equity Ratio Calculation Date”), then the Consolidated
Non-Funding Debt to Tangible Equity Ratio shall be calculated giving pro forma effect to such Incurrence, assumption, guarantee, redemption, defeasance, retirement or extinguishment of Indebtedness, or such Issuance or redemption of Disqualified
Stock or Preferred Stock as if the same had occurred prior to such determination date; provided, however, that the pro forma calculation shall not give effect to any Indebtedness Incurred on such
determination date pursuant to Section 3.2(b). For purposes of making the computation referred to above, any Investments, acquisitions, dispositions, mergers, consolidations and disposed operations that have been made by the Company or any of its
Restricted Subsidiaries on or prior to or simultaneously with the Consolidated Non-Funding Debt to Tangible Equity Ratio Calculation Date shall be calculated on a pro forma basis assuming that all such Investments, acquisitions, dispositions,
mergers, consolidations and disposed or discontinued operations had occurred prior to the Consolidated Non-Funding Debt to Tangible Equity Ratio Calculation Date. For purposes of this definition, whenever pro forma effect is to be given to a
transaction, the pro forma calculations shall be made in good faith by a responsible financial officer or accounting officer of the Company. 

“Consolidated Tangible Shareholders Equity” means, with respect to any Person as of any determination date, the total
equity (capital), shareholders’ equity or partners’ capital, as applicable, as shown on the most recent quarterly or annual consolidated balance sheet of such Person and its Restricted Subsidiaries made available pursuant to Section
3.10 less (i) intangible assets and (ii) goodwill, each as shown on the most recent quarterly or annual consolidated balance sheet of such Person and its Restricted Subsidiaries made available pursuant to Section 3.10
determined on a pro forma basis in a manner consistent with the pro forma basis contained in the definition of Consolidated Non-Funding Debt to Tangible Equity Ratio. 

“Contingent Obligations” means, with respect to any Person, any obligation of such Person guaranteeing in any manner,
whether directly or indirectly, any operating lease, dividend or other obligation that does not constitute Indebtedness (“primary obligations”) of any other Person (the “primary obligor”), including any obligation of such Person,
whether or not contingent: 

  
 11 

 (1) to purchase any such primary obligation or any property constituting direct
or indirect security therefor; 
 (2) to advance or supply funds: 

(a) for the purchase or payment of any such primary obligation; or 

(b) to maintain the working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency
of the primary obligor; or 
 (3) to purchase property, securities or services primarily for the purpose of assuring the
owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation against loss in respect thereof. 

“Credit Facility” means, with respect to the Company or any of its Subsidiaries, one or more debt facilities,
indentures or other arrangements (including commercial paper facilities and overdraft facilities) with banks, other financial institutions or investors providing for revolving credit loans, term loans, notes, receivables financing (including through
the sale of receivables to such institutions or to special purpose entities formed to borrow from such institutions against such receivables), letters of credit or other Indebtedness, in each case, as amended, restated, modified, renewed, refunded,
replaced, restructured, refinanced, repaid, increased or extended in whole or in part from time to time (and whether in whole or in part and whether or not with the original administrative agent and lenders or another administrative agent or agents
or other banks or institutions and whether provided under one or more other credit or other agreements, indentures, financing agreements or otherwise) and in each case including all agreements, instruments and documents executed and delivered
pursuant to or in connection with the foregoing (including any notes and letters of credit issued pursuant thereto and any Guarantee and collateral agreement, patent and trademark security agreement, mortgages or letter of credit applications and
other Guarantees, pledges, agreements, security agreements and collateral documents). Without limiting the generality of the foregoing, the term “Credit Facility” shall include any agreement or instrument (1) changing the
maturity of any Indebtedness Incurred thereunder or contemplated thereby, (2) adding Subsidiaries of the Company as additional borrowers or guarantors thereunder, (3) increasing the amount of Indebtedness Incurred thereunder or available
to be borrowed thereunder or (4) otherwise altering the terms and conditions thereof. 
 “Custodian”
means any receiver, trustee, assignee, liquidator, custodian or similar official under any Bankruptcy Law. 

“Default” means any event that is, or with the passage of time or the giving of notice or both would be,
an Event of Default; provided that any Default that results solely from the taking of an action that would have been permitted but for the continuation of a previous Default will be deemed to be cured if such previous Default is cured prior
to becoming an Event of Default. 

  
 12 

 “Definitive Notes” means certificated Notes. 

“Depositary” means, with respect to the Notes issuable or issued in whole or in part in global form, the Person
specified in Section 2.3 hereof as the Depositary with respect to the Notes, and any and all successors thereto appointed as depositary hereunder and having become such pursuant to the applicable provision of this Indenture. 

“Designated Non-Cash Consideration” means the fair market value (as determined in good faith by the Company) of
non-cash consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Disposition that is so designated as Designated Non-Cash Consideration pursuant to an Officer’s Certificate, setting forth the
basis of such valuation, less the amount of cash or Cash Equivalents received in connection with a subsequent payment, redemption, retirement, sale or other disposition of such Designated Non-Cash Consideration. A particular item of Designated
Non-Cash Consideration will no longer be considered to be outstanding when and to the extent it has been paid, redeemed or otherwise retired or sold or otherwise disposed of in compliance with Section 3.5 hereof. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock of such Person which by its terms (or by the
terms of any security into which it is convertible or for which it is exchangeable) or upon the happening of any event: 

(1) matures or is mandatorily redeemable for cash or in exchange for Indebtedness pursuant to a sinking fund obligation or
otherwise; or 
 (2) is or may become (in accordance with its terms) upon the occurrence of certain events or otherwise
redeemable or repurchasable for cash or in exchange for Indebtedness at the option of the holder of the Capital Stock in whole or in part, in each case on or prior to the earlier of (a) the Stated Maturity of the Notes or (b) the date on
which there are no Notes outstanding; provided, however, that (i) only the portion of Capital Stock which so matures or is mandatorily redeemable, is so convertible or exchangeable or is so redeemable at the option of the holder
thereof prior to such date will be deemed to be Disqualified Stock and (ii) any Capital Stock that would constitute Disqualified Stock solely because the holders thereof have the right to require the Company to repurchase such Capital Stock
upon the occurrence of a change of control or asset sale (howsoever defined or referred to) shall not constitute Disqualified Stock if any such redemption or repurchase obligation is subject to compliance by the relevant Person with Section 3.3
hereof; provided, however, that if such Capital Stock is issued to any plan for the benefit of employees of the Company or its Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified
Stock solely because it may be required to be repurchased by the Company or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations. 

“Domestic Subsidiary” means, with respect to any Person, any Restricted Subsidiary of such Person other than a Foreign
Subsidiary. 
 “DTC” means The Depository Trust Company or any successor securities clearing agency.

  
 13 

 “Equity Offering” means (x) a sale of Capital Stock of the Company
(other than Disqualified Stock) other than offerings registered on Form S-8 (or any successor form) under the Securities Act or any similar offering in other jurisdictions, or (y) the sale of Capital Stock or other securities by a Parent, the
proceeds of which are contributed to the equity (other than through the issuance of Disqualified Stock or through an Excluded Contribution) of the Company. 

“Escrowed Proceeds” means the proceeds from the offering of any debt securities or other Indebtedness paid into an
escrow account with an independent escrow agent on the date of the applicable offering or Incurrence pursuant to escrow arrangements that permit the release of amounts on deposit in such escrow account upon satisfaction of certain conditions or the
occurrence of certain events. The term “Escrowed Proceeds” shall include any interest earned on the amounts held in escrow. 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC
promulgated thereunder, as amended. 
 “Excluded Contribution” means Net Cash Proceeds or property or assets
received by the Company as capital contributions to the equity (other than through the issuance of Disqualified Stock) of the Company after the Issue Date or from the issuance or sale (other than to a Restricted Subsidiary or an employee stock
ownership plan or trust established by the Company or any Subsidiary of the Company for the benefit of their employees to the extent funded by the Company or any Restricted Subsidiary) of Capital Stock (other than Disqualified Stock) of the Company,
in each case, to the extent designated as an Excluded Contribution pursuant to an Officer’s Certificate of the Company. 

“Excluded Restricted Subsidiary” means any Subsidiary of the Company that is designated as a Restricted Subsidiary but
prohibited, in the reasonable judgment of senior management of the Company, from guaranteeing the Notes by any applicable law or regulation, or by contractual restrictions existing at the time such Subsidiary becomes a Restricted Subsidiary and
which, in the case of any such contractual restriction, in the reasonable judgment of senior management of the Company, cannot be removed through commercially reasonable efforts; provided that a Subsidiary shall be deemed to be
an Excluded Restricted Subsidiary if, in the reasonable judgment of senior management of the Company, such a Subsidiary guaranteeing the Notes would require the Company or any of its Restricted Subsidiaries to register as an “investment
company” (as that term is defined in the Investment Company Act). As of the Issue Date, the Company’s Excluded Restricted Subsidiaries are the Insurance Subsidiaries. 

“fair market value” may be conclusively established by means of an Officer’s Certificate or resolutions of the
Board of Directors of the Company setting out such fair market value as determined by such Officer or such Board of Directors in good faith. 

“Financeable Assets” means (a) Receivables, (b) Residual Interests and (c) to the extent not otherwise
included, any assets related thereto that are of the type customarily transferred in connection with securitization transactions involving assets such as, or similar to, such Receivables or Residual Interests, as the case may be, and any collections
or proceeds of any of the foregoing. 

  
 14 

 “Fitch” means Fitch Ratings, Inc. or any of its successors or assigns
that is a Nationally Recognized Statistical Rating Organization. 
 “Foreign Subsidiary” means, with respect
to any Person, (a) any Subsidiary of such Person that is not organized or existing under the laws of the United States, any state thereof or the District of Columbia, and any Subsidiary of such Subsidiary and (b) any Restricted Subsidiary
of such Person that has no material assets other than Capital Stock of one or more Foreign Subsidiaries (or Subsidiaries thereof). 

“GAAP” means generally accepted accounting principles in the United States of America as in effect on
the date of any calculation or determination required hereunder. Except as otherwise set forth in this Indenture, all ratios and calculations based on GAAP contained in this Indenture shall be computed in accordance with GAAP. At any time after the
Issue Date, the Company may elect to establish that GAAP shall mean the GAAP as in effect on or prior to the date of such election; provided that any such election, once made, shall be irrevocable.  

“Governmental Authority” means any nation, sovereign or government, any state, province, territory or other political
subdivision thereof, and any entity or authority exercising executive, legislative, judicial, regulatory, self-regulatory or administrative functions of or pertaining to government, including a central bank or stock exchange. 

“Guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any
Indebtedness of any other Person, including any such obligation, direct or indirect, contingent or otherwise, of such Person: 

(1) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness of such other Person
(whether arising by virtue of partnership arrangements, or by agreements to keep-well, to purchase assets, goods, securities or services, to take-or-pay or to maintain financial statement conditions or otherwise); or 

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

“Guarantor” means any Parent or Restricted Subsidiary that Guarantees the Notes.  

“Hedging Obligations” means, with respect to any person, the obligations of such Person under any interest rate swap,
cap or collar agreements, interest rate future or option contracts, commodity swap, cap or collar agreements, foreign exchange contracts, currency swap agreements, currency future or option contracts, credit-related derivatives and hedging
instruments and other hedging agreements and transactions intended to hedge against financial risk. 

  
 15 

 “Holder” means each Person in whose name the Notes are registered on the
Registrar’s books, which shall initially be the nominee of DTC. 
 “IAI” means an institutional
“accredited investor” as described in Rule 501(a)(1), (2), (3) or (7) under the Securities Act. 

“Immaterial Subsidiary” means any Restricted Subsidiary that (i) has not guaranteed any other Indebtedness of the
Company and (ii) has Total Assets together with all other Immaterial Subsidiaries (as determined in accordance with GAAP) and consolidated operating income of less than 3.0% of the Company’s Total Assets and consolidated operating income
(measured, in the case of operating income, at the end of the most recent fiscal period for which quarterly or annual financial statements have been made available pursuant to Section 3.10 and, in the case of operating income, for the four quarters
ended most recently for which quarterly or annual financial statements have been made available, pursuant to Section 3.10, in each case measured on a pro forma basis giving effect to any acquisitions or depositions of companies, division or lines of
business since such balance sheet date or the start of such four quarter period, as applicable, and on or prior to the date of acquisition of such Subsidiary). 

“Incur” means issue, create, assume, enter into any Guarantee of, incur, extend or otherwise become
liable for; provided, however, that any Indebtedness or Capital Stock of a Person existing at the time such Person becomes a Restricted Subsidiary (whether by merger, consolidation, acquisition or otherwise) will be deemed to be
Incurred by such Restricted Subsidiary at the time it becomes a Restricted Subsidiary and the terms “Incurred” and “Incurrence” have meanings correlative to the foregoing and any Indebtedness pursuant to any revolving credit or
similar facility shall only be “Incurred” at the time any funds are borrowed thereunder. 

“Indebtedness” means, with respect to any Person on any date of determination (without duplication): 

(1) the principal of indebtedness of such Person for borrowed money; 

(2) the principal of obligations of such Person evidenced by bonds, debentures, notes or other similar instruments; 

(3) all reimbursement obligations of such Person in respect of letters of credit, bankers’ acceptances or other similar
instruments (the amount of such obligations being equal at any time to the aggregate then undrawn and unexpired amount of such letters of credit or other instruments plus the aggregate amount of drawings thereunder that have been reimbursed) (except
to the extent such reimbursement obligations relate to trade payables and such obligations are satisfied within 30 days of Incurrence); 

(4) the principal component of all obligations of such Person to pay the deferred and unpaid purchase price of property (except
trade payables), which purchase price is due more than one year after the date of placing such property in service or taking final delivery and title thereto; 

(5) Capitalized Lease Obligations of such Person; 

  
 16 

 (6) the principal component of all obligations, or liquidation preference, of
such Person with respect to any Disqualified Stock or, with respect to any Restricted Subsidiary, any Preferred Stock (but excluding, in each case, any accrued dividends); 

(7) the principal component of all Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not
such Indebtedness is assumed by such Person; provided, however, that the amount of such Indebtedness will be the lesser of (a) the fair market value of such asset at such date of determination (as determined in good faith by the
Company) and (b) the amount of such Indebtedness of such other Persons; 
 (8) Guarantees by such Person of the
principal component of Indebtedness of other Persons to the extent Guaranteed by such Person; 
 (9) to the extent not
otherwise included in this definition, net obligations of such Person under Hedging Obligations (the amount of any such obligations to be equal at any time to the net payments under such agreement or arrangement giving rise to such obligation that
would be payable by such Person at the termination of such agreement or arrangement); 
 (10) all obligations in respect of
Third Party Securities issued by such Person in a Qualified Securitization Transaction (regardless of whether denominated as debt or equity securities); and 

(11) to the extent not otherwise included in this definition, all Permitted Funding Indebtedness of such Person. 

The term “Indebtedness” shall not include any lease, concession or license of property (or Guarantee thereof) which
would be considered an operating lease under GAAP as in effect on the Issue Date, any prepayments of deposits received from clients or customers in the ordinary course of business, or obligations under any license, permit or other approval (or
Guarantees given in respect of such obligations) Incurred prior to the Issue Date or in the ordinary course of business. 
 The
amount of Indebtedness of any Person at any time in the case of a revolving credit or similar facility shall be the total amount of funds borrowed and then outstanding. The amount of Indebtedness of any Person at any date shall be determined as set
forth above or otherwise provided in this Indenture, and (other than with respect to letters of credit or Guarantees or Indebtedness specified in clause (7) above) shall equal the amount thereof that would appear on a balance sheet of such
Person (excluding any notes thereto) prepared on the basis of GAAP. 
 Notwithstanding the above provisions, in no event shall the following
constitute Indebtedness: 
 (i) Contingent Obligations Incurred in the ordinary course of business; 

(ii) Cash Management Services; 

  
 17 

 (iii) in connection with the purchase by the Company or any Restricted Subsidiary
of any business, any post-closing payment adjustments to which the seller may become entitled to the extent such payment is determined by a final closing balance sheet or such payment depends on the performance of such business after the closing;
provided, however, that, at the time of closing, the amount of any such payment is not determinable and, to the extent such payment thereafter becomes fixed and determined, the amount is paid in a timely manner; or 

(iv) for the avoidance of doubt, any obligations in respect of workers’ compensation claims, early retirement or
termination obligations, pension fund obligations or contributions or similar claims, obligations or contributions or social security or wage Taxes. 

“Indenture” means this Indenture as amended or supplemented from time to time. 

“Independent Financial Advisor” means an investment banking or accounting firm of international standing or any third
party appraiser of international standing; provided, however, that such firm or appraiser is not an Affiliate of the Company. 

“Initial Notes” has the meaning ascribed to it in the second introductory paragraph of this Indenture. 

“Initial Purchasers” means the institutions listed as such in the Offering Memorandum. 

“Insurance Subsidiary” means American Health and Life Insurance Company, Triton Insurance Company and Sears Life
Insurance Company. 
 “Investment” means, with respect to any Person, all investments by such Person in other
Persons (including Affiliates) in the form of any direct or indirect advance, loan or other extensions of credit (other than advances or extensions of credit to customers, suppliers, directors, officers or employees of any Person in the ordinary
course of business, and excluding any debt or extension of credit represented by a bank deposit other than a time deposit) 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 the Incurrence of a Guarantee of any obligation of, or any purchase or acquisition of Capital Stock, Indebtedness or other similar instruments issued by, such other Persons and all other items that are
or would be classified as investments on a balance sheet prepared on the basis of GAAP; provided, however, that (x) endorsements of negotiable instruments and documents in the ordinary course of
business, (y) accounts receivable, extensions of trade credit or advances by the Company and its Restricted Subsidiaries on commercially reasonable terms in accordance with the Company’s or its Restricted Subsidiaries’ normal trade
practices, as the case may be and (z) deposits made in the ordinary course of business and customary deposits into reserve accounts related to securitizations will not be deemed to be an Investment. If the Company or any Restricted Subsidiary
issues, sells or otherwise disposes of any Capital Stock of a Person that is a Restricted Subsidiary such that, after giving effect thereto, such Person is no longer a Restricted Subsidiary, any Investment by the Company or any Restricted Subsidiary
in such Person remaining after giving effect thereto will be deemed to be a new Investment at such time. 

  
 18 

 For purposes of Section 3.3 hereof: 

(1) “Investment” will include the portion (proportionate to the Company’s equity interest in a Restricted
Subsidiary to be designated as an Unrestricted Subsidiary) of the fair market value of the net assets of such Restricted Subsidiary of the Company at the time that such Restricted Subsidiary is designated an Unrestricted Subsidiary;
provided, however, that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Company will be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary in
an amount (if positive) equal to (a) the Company’s “Investment” in such Subsidiary at the time of such redesignation less (b) the portion (proportionate to the Company’s equity interest in such Subsidiary) of the fair
market value of the net assets (as conclusively determined in good faith by the Board of Directors of the Company) of such Subsidiary at the time that such Subsidiary is so re-designated a Restricted Subsidiary; and 

(2) any property transferred to or from an Unrestricted Subsidiary will be valued at its fair market value at the time of such transfer, in
each case as determined in good faith by the Board of Directors of the Company. 
 “Investment Company Act” means the Investment
Company Act of 1940, as amended. 
 “Investment Grade Securities” means: 

(1) securities issued or directly and fully Guaranteed or insured by the United States or Canadian government or any agency or
instrumentality thereof (other than Cash Equivalents); 
 (2) securities issued or directly and fully Guaranteed or insured
by a member of the European Union, or any agency or instrumentality thereof (other than Cash Equivalents); 
 (3) debt
securities or debt instruments with a rating of “A-” or higher from S&P or “A3” or higher by Moody’s or the equivalent of such rating by such rating organization or, if no rating of Moody’s or S&P then exists,
the equivalent of such rating by any other Nationally Recognized Statistical Ratings Organization, but excluding any debt securities or instruments constituting loans or advances among the Company and its Subsidiaries; and 

(4) investments in any fund that invests exclusively in investments of the type described in clauses (1), (2) and
(3) above which fund may also hold cash and Cash Equivalents pending investment or distribution. 
 “Investment Grade Status”
shall occur when the Notes receive two of the following: 
 (1) a rating of “BBB-” or higher from S&P;

 (2) a rating of “Baa3” or higher from Moody’s; and 

  
 19 

 (3) a rating of “BBB-” or higher from Fitch. 

or the equivalent of such rating by either such rating organization or, if no rating of S&P, Moody’s or Fitch then exists, the equivalent of such
rating by any other Nationally Recognized Statistical Ratings Organization. 
 “Issue Date” means December 11,
2014. 
 “Joint Venture” means, as to any Person, any other Person designated as a “joint venture”
(1) that is not a Subsidiary of such Person, (2) in which such Person owns less than 100% of the equity or voting interests and (3) which Person is engaged in a Similar Business. 

“Lien” means any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any
conditional sale or other title retention agreement or lease in the nature thereof). 
 “Management Advances”
means loans or advances made to, or Guarantees with respect to loans or advances made by third parties to, directors, officers, employees or consultants of any Parent, the Company or any Restricted Subsidiary: 

(1) (a) in respect of travel, entertainment or moving related expenses Incurred in the ordinary course of business or
(b) for purposes of funding any such person’s purchase of Capital Stock (or similar obligations) of the Company, its Subsidiaries or any Parent with (in the case of this sub-clause (b)) the approval of the Board of Directors; 

(2) in respect of moving related expenses Incurred in connection with any closing or consolidation of any facility or office;
or 
 (3) not exceeding $25.0 million in the aggregate outstanding at any time. 

“Moody’s” means Moody’s Investors Service, Inc. or any of its successors or assigns that is a Nationally
Recognized Statistical Rating Organization. 
 “Nationally Recognized Statistical Rating Organization” means
a nationally recognized statistical rating organization within the meaning of Rule 436 under the Securities Act. 

“Net Available Cash” from an Asset Disposition means cash payments received (including any cash payments received by
way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other
consideration received in the form of assumption by the acquiring person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in
each case net of: 
 (1) all legal, accounting, investment banking, title and recording tax expenses, commissions and
other fees and expenses Incurred, and all Taxes and Related Taxes paid or required to be paid or accrued as a liability under GAAP (after taking into account any available tax credits or deductions and any tax sharing agreements), as a consequence
of such Asset Disposition; 

  
 20 

 (2) all payments made on any Indebtedness which is secured by any assets subject
to such Asset Disposition, in accordance with the terms of any Lien upon such assets, or which by applicable law must be repaid out of the proceeds from such Asset Disposition; 

(3) all distributions and other payments required to be made to minority interest holders (other than any Parent, the Company
or any of their respective Subsidiaries) in Subsidiaries or Joint Ventures as a result of such Asset Disposition; and 
 (4)
the deduction of appropriate amounts required to be provided by the seller as a reserve, on the basis of GAAP, against any liabilities associated with the assets disposed of in such Asset Disposition and retained by the Company or any Restricted
Subsidiary after such Asset Disposition. 
 “Net Cash Proceeds,” with respect to any issuance or sale of Capital
Stock, means the cash proceeds of such issuance or sale net of attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees, listing fees, discounts or commissions and brokerage, consultant and other fees and
charges actually Incurred in connection with such issuance or sale and net of taxes paid or payable as a result of such issuance or sale (after taking into account any available tax credit or deductions and any tax sharing arrangements). 

“Non-Funding Indebtedness” means, Indebtedness other than Permitted Funding Indebtedness. 

“Non-Guarantor” means any Restricted Subsidiary that is not a Guarantor. 

“Non-U.S. Person” means a Person who is not a U.S. person (as defined in Regulation S). 

“Note Documents” means the Notes (including Additional Notes), the Guarantees and this Indenture. 

“Notes” has the meaning ascribed to it in the second introductory paragraph of this Indenture. 

“Notes Custodian” means the custodian with respect to the Global Notes (as appointed by DTC), or any successor Person
thereto and shall initially be the Trustee. 
 “Offering Memorandum” means the final offering memorandum,
dated December 8, 2014, relating to the offering by the Company of $700,000,000 aggregate principal amount of 6.75% Senior Notes due 2019 and $800,000,000 aggregate principal amount of 7.25% Senior Notes due 2021. 

“Officer” means, with respect to any Person, (1) the Chief Executive Officer, the Chief Financial Officer, any Vice
President, the Treasurer or the Secretary (a) of such Person or (b) if 

  
 21 

 
such Person is owned or managed by a single entity, of such entity, or (2) any other individual designated as an “Officer” for the purposes of this Indenture by the Board of
Directors of such Person. 
 “Officer’s Certificate” means, with respect to any Person, a certificate signed by
one Officer of such Person and meeting the requirements of this Indenture. 
 “Opinion of Counsel” means a
written opinion from legal counsel reasonably satisfactory to the Trustee. The counsel may be an employee of or counsel to the Company or its Subsidiaries. 

“Parent” means any Person of which the Company at any time is or becomes a Subsidiary after the Issue Date and any
holding companies established by any Permitted Holder for purposes of holding its investment in any Parent. 
 “Parent
Expenses” means: 
 (1) costs (including all professional fees and expenses) Incurred by any Parent in
connection with reporting obligations under or otherwise Incurred in connection with compliance with applicable laws, rules or regulations of any governmental, regulatory or self-regulatory body or stock exchange, this Indenture or any other
agreement or instrument relating to Indebtedness of the Company or any Restricted Subsidiary, including in respect of any reports filed with respect to the Securities Act, Exchange Act or the respective rules and regulations promulgated thereunder;

 (2) customary indemnification obligations of any Parent owing to directors, officers, employees or other Persons under its
charter or by-laws or pursuant to written agreements with any such Person to the extent relating to the Company and its Subsidiaries; 

(3) obligations of any Parent in respect of director and officer insurance (including premiums therefor) to the extent relating
to the Company and its Subsidiaries; 
 (4) general corporate overhead expenses, including professional fees and expenses and
other operational expenses of any Parent related to the ownership or operation of the business of the Company or any of its Restricted Subsidiaries; and 

(5) expenses Incurred by any Parent in connection with any public offering or other sale of Capital Stock or Indebtedness: 

(x) where the net proceeds of such offering or sale are intended to be received by or contributed to the Company or a
Restricted Subsidiary, 
 (y) in a pro-rated amount of such expenses in proportion to the amount of such net proceeds
intended to be so received or contributed, or 
 (z) otherwise on an interim basis prior to completion of such offering so
long as any Parent shall cause the amount of such expenses to be repaid to the Company or the relevant Restricted Subsidiary out of the proceeds of such offering promptly if completed. 

  
 22 

 “Pari Passu Indebtedness” means Non-Funding Indebtedness of the Company
which ranks equally in right of payment to the Notes or any Guarantee if such Guarantee ranks equally in right of payment to the Guarantees of the Notes. 

“Paying Agent” means any Person authorized by the Company to pay the principal of (and premium, if any) or interest on
any Note on behalf of the Company. 
 “Permitted Asset Swap” means the concurrent purchase and sale or
exchange of assets used or useful in a Similar Business or a combination of such assets and cash, Cash Equivalents between the Company or any of its Restricted Subsidiaries and another Person; provided that any cash or Cash
Equivalents received in excess of the value of any cash or Cash Equivalents sold or exchanged must be applied in accordance with Section 3.5 hereof. 

“Permitted Credit Enhancement” means any credit enhancement and credit support provided to a Securitization Entity
(x) pursuant to the Company’s existing or future intercompany liquidity lines that are used (i) to facilitate transfers of assets from, to and between Securitization Entities in connection with Qualified Securitization Transactions
(provided that any drawings under any such liquidity lines are repaid promptly upon completion of such asset transfer) or (ii) to fund the performance under Standard Securitization Undertakings or (y) pursuant to performance support
agreements and other credit enhancement arrangements that are consistent with the Company’s current or future securitization practices or that are customary for such securitization transactions, as determined in good faith by the Company.

 “Permitted Funding Indebtedness” means any Permitted Warehousing Indebtedness and any Permitted
Securitization Indebtedness in each case of the Company or its Restricted Subsidiaries. 
 “Permitted
Holders” means, collectively, (1) Citigroup Inc. and its Subsidiaries and Affiliates, (2) any one or more Persons, together with such Persons’ Affiliates, whose beneficial ownership constitutes or results in a Change of
Control in respect of which a Change of Control Offer is made in accordance with the requirements of this Indenture, (3) any Person who is acting as an underwriter in connection with a public or private offering of Capital Stock of any Parent
or the Company, acting in such capacity, and (4) any group (within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act or any successor provision) of which any of the foregoing are members;
provided that, in the case of such group and without giving effect to the existence of such group, such Persons in clauses (1) through (3) above, their respective Affiliates and members of management, collectively,
have beneficial ownership of more than 50% of the total voting power of the Voting Stock of the Company or any of its direct or indirect Parents. 

“Permitted Investment” means (in each case, by the Company or any of its Restricted Subsidiaries): 

(1) Investments in (a) a Restricted Subsidiary (including the Capital Stock of a Restricted Subsidiary but not in a
Securitization Entity) or the Company or (b) a Person (including the Capital Stock of any such Person) that will, upon the making of such Investment, become a Restricted Subsidiary (other than a Securitization Entity); 

  
 23 

 (2) Investments in another Person if such Person is engaged in any Similar
Business and as a result of such Investment such other Person is merged, consolidated or otherwise combined with or into, or transfers or conveys all or substantially all its assets to, the Company or a Restricted Subsidiary (other than a
Securitization Entity); 
 (3) Investments in cash, Cash Equivalents or Investment Grade Securities; 

(4) Investments in Receivables owing to the Company or any Restricted Subsidiary created or acquired in the ordinary course of
business; 
 (5) Investments in payroll, travel and similar advances to cover matters that are expected at the time of such
advances ultimately to be treated as expenses for accounting purposes and that are made in the ordinary course of business; 

(6) Management Advances; 

(7) Investments received in settlement of debts created in the ordinary course of business and owing to the Company or any
Restricted Subsidiary or in exchange for any other Investment or accounts receivable held by the Company or any such Restricted Subsidiary, or as a result of foreclosure, perfection or enforcement of any Lien, or in satisfaction of judgments or
pursuant to any plan of reorganization or similar arrangement including upon the bankruptcy or insolvency of a debtor or otherwise with respect to any secured Investment or other transfer of title with respect to any secured Investment in default;

 (8) Investments made as a result of the receipt of non-cash consideration from a sale or other disposition of property or
assets, including an Asset Disposition; 
 (9) Investments existing or pursuant to agreements or arrangements in effect on
the Issue Date and any modification, replacement, renewal or extension thereof; provided that the amount of any such Investment may not be increased except (a) as required by the terms of such Investment as in existence on the Issue Date
or (b) as otherwise permitted under this Indenture; 
 (10) Hedging Obligations, which transactions or obligations are
Incurred in compliance with Section 3.2 hereof; 
 (11) pledges or deposits with respect to leases or utilities provided to
third parties in the ordinary course of business or Liens otherwise described in the definition of “Permitted Liens” or made in connection with Liens permitted under Section 3.6 hereof; 

(12) any Investment to the extent made using Capital Stock of the Company (other than Disqualified Stock) or Capital Stock of
any Parent as consideration; 

  
 24 

 (13) any transaction to the extent constituting an Investment that is permitted
and made in accordance with Section 3.8(b) hereof (except those described in Sections 3.8(b)(1), (3), (6), (8) and (9)); 

(14) Investments consisting of purchases and acquisitions of inventory, supplies, materials and equipment or licenses or leases
of intellectual property, in any case, in the ordinary course of business and in accordance with this Indenture; 
 (15) (i)
Guarantees not prohibited by Section 3.2 hereof and (other than with respect to Indebtedness) guarantees, keepwells and similar arrangements in the ordinary course of business, and (ii) performance guarantees with respect to obligations
incurred by the Company or any of its Restricted Subsidiaries that are permitted by this Indenture; 
 (16) Investments
consisting of earnest money deposits required in connection with a purchase agreement, or letter of intent, or other acquisitions to the extent not otherwise prohibited by this Indenture; 

(17) Investments of a Restricted Subsidiary acquired after the Issue Date or of an entity merged into the Company or merged
into or consolidated with a Restricted Subsidiary after the Issue Date to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger or consolidation and were in existence on the date of such
acquisition, merger or consolidation; 
 (18) Investments consisting of licensing of intellectual property pursuant to joint
marketing arrangements with other Persons; 
 (19) contributions to a “rabbi” trust for the benefit of employees or
other grantor trust subject to claims of creditors in the case of a bankruptcy of the Company; 
 (20) Investments in Joint
Ventures having an aggregate fair market value, when taken together with all other Investments made pursuant to this clause that are at the time outstanding, not to exceed the greater of $100 million and 1.0% of Total Assets at the time of such
Investment (with the fair market value of each Investment being measured at the time made and without giving effect to subsequent changes in value); 

(21) Investments in Unrestricted Subsidiaries having an aggregate fair market value, when taken together with all other
Investments made pursuant to this clause that are at the time outstanding, not to exceed the greater of $50.0 million and 1.0% of Total Assets at the time of such Investment (with the fair market value of each Investment being measured at the time
made and without giving effect to subsequent changes in value); 
 (22) (a) Investments by the Company or any Restricted
Subsidiary in Securitization Entities in connection with Qualified Securitization Transactions, including any Permitted Credit Enhancement associated therewith or (b) Investments in charge-off receivables in the ordinary course of business;

  
 25 

 (23) Investments by a Securitization Entity in any other Person in connection
with any Qualified Securitization Transaction, including investments of funds held in accounts required by the arrangements governing such Qualified Securitization Transaction; 

(24) Investments arising out of purchases of all remaining outstanding asset-backed securities of any Securitization Entity for
the purpose of relieving the Company or a Subsidiary of the Company of the administrative expense of servicing such Securitization Entity; 

(25) Investments by the Company or any Restricted Subsidiary in the form of loans extended to non-Affiliate borrowers in
connection with any loan origination business of the Company and its Restricted Subsidiaries in the ordinary course of business; 

(26) Investments by the Company and its Subsidiaries in the ordinary course of their respective businesses; 

(27) Investments of an Insurance Subsidiary made in the ordinary course of business and in compliance with all requirements
that are applicable to Investments made by any such Insurance Subsidiary pursuant to any law, rule or regulation established by any governmental or regulatory body to which such Insurance Subsidiary is then subject; and 

(28) Investments of a Similar Business and additional Investments having an aggregate fair market value, taken together with
all other Investments made pursuant to this clause (28) that are at that time outstanding, not to exceed the greater of $125.0 million and 1.25% of Total Assets (with the fair market value of each Investment being measured at the time made and
without giving effect to subsequent changes in value) plus the amount of any distributions, dividends, payments or other returns in respect of such Investments (without duplication for purposes of Section 3.3 of any amounts applied pursuant to
Section 3.3(a)(iii)); provided that if such Investment is in Capital Stock of a Person that subsequently becomes a Restricted Subsidiary, such Investment shall thereafter be deemed permitted under clause (1) or (2) above and shall
not be included as having been made pursuant to this clause (28). 
 “Permitted Liens” means, with respect to any
Person: 
 (1) Liens on assets or property of a Restricted Subsidiary that is not a Guarantor securing Indebtedness of
any Restricted Subsidiary that is not a Guarantor; 
 (2) pledges, deposits or Liens under workmen’s compensation laws,
unemployment insurance laws, social security laws or similar legislation, or insurance related obligations (including pledges or deposits securing liability to insurance carriers under insurance or self-insurance arrangements), or in connection with
bids, tenders, completion guarantees, contracts (other than for borrowed money) or leases, or to secure utilities, licenses, public or statutory obligations, or to secure surety, indemnity, judgment, appeal or performance bonds, guarantees of
government contracts (or other 

  
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similar bonds, instruments or obligations), or as security for contested taxes or import or customs duties or for the payment of rent, or other obligations of like nature, in each case Incurred
in the ordinary course of business; 
 (3) Liens imposed by law, including carriers’, warehousemen’s,
mechanics’, landlords’, materialmen’s and repairmen’s or other like Liens, in each case for sums not yet overdue for a period of more than 60 days or that are bonded or being contested in good faith by appropriate proceedings;

 (4) Liens for taxes, assessments or other governmental charges not yet delinquent or which are being contested in good
faith by appropriate proceedings; provided that appropriate reserves required pursuant to GAAP have been made in respect thereof; 

(5) encumbrances, ground leases, easements (including reciprocal easement agreements), survey exceptions, or reservations of,
or rights of others for, licenses, rights of way, sewers, electric lines, telegraph and telephone lines and other similar purposes, or zoning, building codes or other restrictions (including minor defects or irregularities in title and similar
encumbrances) as to the use of real properties or Liens incidental to the conduct of the business of the Company and its Restricted Subsidiaries or to the ownership of their properties which do not in the aggregate materially adversely affect the
value of said properties or materially impair their use in the operation of the business of the Company and its Restricted Subsidiaries; 

(6) Liens (a) on assets or property of the Company or any Restricted Subsidiary securing Hedging Obligations or Cash
Management Services permitted under this Indenture; (b) that are contractual rights of set-off or, in the case of clause (i) or (ii) below, other bankers’ Liens (i) relating to treasury, depository and cash management
services or any automated clearing house transfers of funds in the ordinary course of business and not given in connection with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts to permit satisfaction of overdraft
or similar obligations incurred in the ordinary course of business of the Company or any Subsidiary or (iii) relating to purchase orders and other agreements entered into with customers of the Company or any Restricted Subsidiary in the
ordinary course of business; (c) on cash accounts securing Indebtedness incurred under Section 3.2(b)(8)(iii) with financial institutions; (d) encumbering reasonable customary initial deposits and margin deposits and similar Liens
attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary course of business, consistent with past practice and not for speculative purposes; and/or (e) (i) of a collection bank arising under
Section 4-210 of the Uniform Commercial Code on items in the course of collection and (ii) in favor of a banking institution arising as a matter of law encumbering deposits (including the right of set-off) arising in the ordinary course of
business in connection with the maintenance of such accounts and (iii) arising under customary general terms of the account bank in relation to any bank account maintained with such bank and attaching only to such account and the products and
proceeds thereof, which Liens, in any event, do not secure any Indebtedness; 

  
 27 

 (7) leases, licenses, subleases and sublicenses of assets (including real
property and intellectual property rights), in each case entered into in the ordinary course of business; 
 (8) Liens
arising out of judgments, decrees, orders or awards not giving rise to an Event of Default so long as any appropriate legal proceedings which may have been duly initiated for the review of such judgment, decree, order or award have not been finally
terminated or the period within which such proceedings may be initiated has not expired; 
 (9) Liens (i) on assets or
property of the Company or any Restricted Subsidiary for the purpose of securing Capitalized Lease Obligations or Purchase Money Obligations, or securing the payment of all or a part of the purchase price of, or securing other Indebtedness Incurred
to finance or refinance the acquisition, development, construction, lease, repairs, maintenance or improvement of assets or property acquired or constructed in the ordinary course of business (including Indebtedness incurred under Section 3.2(b)(7);
provided that (a) the aggregate principal amount of Indebtedness secured by such Liens is otherwise permitted to be Incurred under this Indenture and (b) any such Lien may not extend to any assets or property of the Company or any
Restricted Subsidiary other than assets or property acquired, improved, constructed or leased with the proceeds of such Indebtedness and any improvements or accessions to such assets and property and (ii) any interest or title of a lessor under
any Capitalized Lease Obligation or operating lease; 
 (10) Liens arising from Uniform Commercial Code financing statement
filings (or similar filings in other applicable jurisdictions) regarding operating leases entered into by the Company and its Restricted Subsidiaries in the ordinary course of business; 

(11) Liens existing on the Issue Date; 

(12) Liens on property, other assets or shares of stock of a Person at the time such Person becomes a Restricted Subsidiary (or
at the time the Company or a Restricted Subsidiary acquires such property, other assets or shares of stock, including any acquisition by means of a merger, consolidation or other business combination transaction with or into the Company or any
Restricted Subsidiary); provided, however, that such Liens are not created, Incurred or assumed in anticipation of or in connection with such other Person becoming a Restricted Subsidiary (or such acquisition of such property, other
assets or stock); provided, further, that such Liens are limited to all or part of the same property, other assets or stock (plus improvements, accession, proceeds or dividends or distributions in connection with the original property, other
assets or stock) that secured (or, under the written arrangements under which such Liens arose, could secure) the obligations to which such Liens relate; 

(13) Liens on assets or property of the Company or any Restricted Subsidiary securing Indebtedness or other obligations of the
Company or such Restricted Subsidiary owing to the Company or another Restricted Subsidiary, or Liens in favor of the Company or any Restricted Subsidiary; 

  
 28 

 (14) Liens securing Refinancing Indebtedness Incurred to refinance Indebtedness
that was previously so secured, and permitted to be secured under this Indenture; provided that any such Lien is limited to all or part of the same property or assets (plus improvements, accessions, proceeds or dividends or distributions in
respect thereof) that secured (or, under the written arrangements under which the original Lien arose, could secure) the Indebtedness being refinanced or is in respect of property that is or could be the security for or subject to a Permitted Lien
hereunder; 
 (15) (a) mortgages, liens, security interests, restrictions, encumbrances or any other matters of record that
have been placed by any government, statutory or regulatory authority, developer, landlord or other third party on property over which the Company or any Restricted Subsidiary of the Company has easement rights or on any leased property and
subordination or similar arrangements relating thereto and (b) any condemnation or eminent domain proceedings affecting any real property; 

(16) any encumbrance or restriction (including put and call arrangements) with respect to Capital Stock of any Joint Venture or
similar arrangement pursuant to any Joint Venture or similar agreement; 
 (17) Liens on property or assets under
construction (and related rights) in favor of a contractor or developer or arising from progress or partial payments by a third party relating to such property or assets; 

(18) Liens on Escrowed Proceeds for the benefit of the related holders of debt securities or other Indebtedness (or the
underwriters or arrangers thereof) or on cash set aside at the time of the Incurrence of any Indebtedness or government securities purchased with such cash, in either case to the extent such cash or government securities prefund the payment of
interest on such Indebtedness and are held in an escrow account or similar arrangement to be applied for such purpose; 

(19) Liens arising out of conditional sale, title retention, hire purchase, consignment or similar arrangements for the sale of
goods entered into in the ordinary course of business; 
 (20) Liens securing Indebtedness permitted to be Incurred under
Credit Facilities, including any letter of credit facility relating thereto, that was permitted by the terms of this Indenture to be Incurred pursuant to Section 3.2(b)(1); 

(21) Liens on Capital Stock or other securities or assets of any Unrestricted Subsidiary that secure Indebtedness of such
Unrestricted Subsidiary; 
 (22) any security granted over the marketable securities portfolio described in clause
(9) of the definition of “Cash Equivalents” in connection with the disposal thereof to a third party; 
 (23)
Liens on specific items of inventory of 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 (which for the avoidance of doubt excludes Receivables); 

  
 29 

 (24) Liens on equipment of the Company or any Restricted Subsidiary and located
on the premises of any client or supplier in the ordinary course of business; 
 (25) Liens on assets or securities deemed to
arise in connection with and solely as a result of the execution, delivery or performance of contracts to sell such assets or securities if such sale is otherwise permitted by this Indenture; 

(26) Liens arising by operation of law or contract on insurance policies and the proceeds thereof to secure premiums
thereunder, and Liens, pledges and deposits in the ordinary course of business securing liability for premiums or reimbursement or indemnification obligations of (including obligations in respect of letters of credit or bank guarantees for the
benefits of) insurance carriers; 
 (27) Liens solely on any cash earnest money deposits made in connection with any letter
of intent or purchase agreement permitted hereunder; 
 (28) Liens (i) on cash advances in favor of the seller of any
property to be acquired in an Investment permitted pursuant to Permitted Investments to be applied against the purchase price for such Investment, and (ii) consisting of an agreement to sell any property in an asset sale permitted under Section
3.5, in each case, solely to the extent such Investment or asset sale, as the case may be, would have been permitted on the date of the creation of such Lien; 

(29) Liens securing Indebtedness and other obligations in an aggregate principal amount not to exceed the greater of
(a) $50.0 million and (b) 1.0% of Total Assets at any one time outstanding; 
 (30) Liens securing Permitted
Funding Indebtedness (including deposit accounts into which the proceeds of, or the proceeds of the assets acquired or originated with, such Permitted Funding Indebtedness are deposited), so long as any such Lien shall encumber only the assets
acquired, pooled, funded, carried or originated by, through or with such Permitted Funding Indebtedness; 
 (31) Liens in
connection with Permitted Credit Enhancements; and 
 (32) Liens on Residual Interests Incurred in connection with Qualified
Securitization Transactions securing obligations in respect of Third Party Securities; provided, however, that recourse to such Residual Interests is limited in a manner consistent with Standard Securitization Undertakings and the
ratio of the amount of such Residual Interests to the amount of such Third Party Securities is not significantly greater than the ratio of sellers’ retained interests to the financed portion of assets in similar securitization transactions.

  
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 For purposes of this definition, the term Indebtedness shall be deemed to include interest on
such Indebtedness including interest which increases the principal amount of such Indebtedness. 
 “Permitted Sale Leaseback
Transactions” means the arrangements providing for the leasing by the Company or one of its Restricted Subsidiaries of the properties that currently serve as branch offices of the Company in (x) Spartanburg, South Carolina and
(y) Tucson, Arizona, which properties have been or may be sold or transferred by the Company or the CitiFinancial business, as applicable, to a third Person in contemplation of such leasing. 

“Permitted Securitization Indebtedness” means Securitization Entity Indebtedness; provided that
(i) in connection with any securitization, any Warehousing Indebtedness used to finance or refinance the purchase, origination, funding or pooling of any Receivables subject to such securitization is repaid in connection with such
securitization to the extent of the net proceeds received by the Company and its Restricted Subsidiaries from the applicable Securitization Entity. 

“Permitted Warehousing Indebtedness” means Warehousing Indebtedness, provided,
however, that except with respect to the Citi Warehouse Line, the excess (determined as of the most recent date for which internal financial statements are available), if any, of (x) the amount of any such Warehousing
Indebtedness for which the holder thereof has contractual recourse to the Company or its Restricted Subsidiaries to satisfy claims with respect to such Warehousing Indebtedness over (y) the aggregate (without duplication of amounts) Realizable
Value of the assets that secure such Warehousing Indebtedness shall not be Permitted Warehousing Indebtedness. 

“Person” means any individual, corporation, partnership, Joint Venture, association, joint-stock company, trust,
unincorporated organization, limited liability company, government or any agency or political subdivision thereof or any other entity. 

“Predecessor Note” of any particular Note means every previous Note evidencing all or a portion of the same debt as
that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 2.11 in exchange for or in lieu of a mutilated, destroyed, lost or stolen Note shall be deemed to evidence the same
debt as the mutilated, destroyed, lost or stolen Note. 
 “Preferred Stock,” as applied to the Capital Stock
of any Person, means Capital Stock of any class or classes (however designated) which is preferred as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of such Person, over
shares of Capital Stock of any other class of such Person. 
 “Purchase Money Obligations” means any
Indebtedness Incurred to finance or refinance the acquisition, leasing, construction or improvement of property (real or personal) or assets (including Capital Stock), and whether acquired through the direct acquisition of such property or assets or
the acquisition of the Capital Stock of any Person owning such property or assets, or otherwise. 
 “QIB”
means any “qualified institutional buyer” as such term is defined in Rule 144A. 

  
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 “Qualified Securitization Transaction” means any transaction or series of
transactions pursuant to which the Company or any of its Restricted Subsidiaries sells or otherwise transfers to a Securitization Entity, and such Securitization Entity acquires (and such Securitization Entity, and any successor transferee thereof,
may in turn sell, contribute to capital or otherwise transfer to any other Securitization Entity), any Financeable Assets or interests therein, which acquisition is paid for by such Securitization Entity with (a) proceeds of Third Party
Securities, (b) Residual Interests in such Securitization Entity, (c) proceeds of collection on, or any sale or other transfer of, Financeable Assets, or interests therein, so previously acquired by such Securitization Entity or
(d) any combination of the foregoing; provided that (a) the Company shall have determined in good faith that such Qualified Securitization Transaction is economically fair and reasonable to the Company or such
Restricted Subsidiary, as applicable, and (b) the financing terms, covenants, termination events and other provisions (including collateralization levels) thereof shall be on customary market terms for securitization transactions involving
assets such as, or similar to, the Financeable Assets subject thereto (as determined in good faith by the Company). 

“Rating Agency” means (1) each of Moody’s and S&P and (2) if Moody’s or S&P ceases to rate
the Notes for reasons outside of the Company’s control, a Nationally Recognized Statistical Rating Organization selected by the Company or any parent of the Company as a replacement agency for Moody’s or S&P, as the case may be.

 “Ratings Decline Period” means the period that (i) begins on the earlier of (a) a Change of Control
or (b) the first public notice of the intention by the Company to affect a Change of Control and (ii) ends 60 days following the consummation of such Change of Control; provided, that such period will be extended so
long as the rating of the Notes of any series is under publicly announced consideration for a possible downgrade by any of the Rating Agencies. 

“Ratings Event” means (x) a downgrade by one or more gradations (including gradations within ratings categories
as well as between categories) or withdrawal of the rating of the Notes of a specified series within the Ratings Decline Period by both Rating Agencies if each such Rating Agency shall have put forth a statement to the effect that such downgrade is
attributable in whole or in part to the applicable Change of Control and (y) the Notes of such series do not have an Investment Grade Status from either Rating Agency. 

“Realizable Value” of an asset means the lesser of (x) if applicable, the face value of such asset and
(y) the market value of such asset as determined by the Company in accordance with the agreement governing the applicable Warehousing Indebtedness, as the case may be, (or, if such agreement does not contain any related provision, as determined
in good faith by management of the Company); provided, however, that the realizable value of any asset described above which an unaffiliated third party has a binding contractual commitment to purchase from
the Company or any of its Restricted Subsidiaries shall be the minimum price payable to the Company or such Restricted Subsidiary for such asset pursuant to such contractual commitment. 

“Receivables” means loans and other consumer loan receivables (excluding net interest margin securities) purchased or
originated by the Company or any Restricted Subsidiary of the Company or otherwise arising in the ordinary course of business; provided, however, that (i) for purposes of determining the amount of a
Receivable at any time, such amount shall be determined in accordance with GAAP, consistently applied, as of the most recent practicable date and (ii) “Receivables” shall exclude Residual Interests. 

  
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 “Refinance” means refinance, refund, replace, renew, repay, modify,
restate, defer, substitute, supplement, reissue, resell, extend or increase (including pursuant to any defeasance or discharge mechanism) and the terms “refinances,” “refinanced” and “refinancing” as used for any
purpose in this Indenture shall have a correlative meaning. 
 “Refinancing Indebtedness” means Indebtedness
that is Incurred to refund, refinance, replace, exchange, renew, repay or extend (including pursuant to any defeasance or discharge mechanism) any Indebtedness existing on the date of this Indenture or Incurred in compliance with this Indenture
(including Indebtedness of the Company that refinances Indebtedness of any Restricted Subsidiary and Indebtedness of any Restricted Subsidiary that refinances Indebtedness of the Company or another Restricted Subsidiary) including Indebtedness that
refinances Refinancing Indebtedness; provided, however, that: 
 (1) the
Refinancing Indebtedness has a final Weighted Average Life to Maturity at the time such Refinancing Indebtedness is Incurred that is the same as or greater than the final Weighted Average Life to Maturity of the Indebtedness being refinanced or, if
less, the Notes; 
 (2) if the Indebtedness being refinanced constituted Subordinated Indebtedness, such Refinancing
Indebtedness is subordinated to the Notes or the applicable Guarantee on terms at least as favorable to the Holders as those contained in the documentation governing the Indebtedness being refinanced; and 

(3) Refinancing Indebtedness shall not include: 

(i) Indebtedness, Disqualified Stock or Preferred Stock of a Subsidiary of the Company that is not a Guarantor that refinances
Indebtedness, Disqualified Stock or Preferred Stock of the Company or a Guarantor; or 
 (ii) Indebtedness, Disqualified
Stock or Preferred Stock of the Company or a Restricted Subsidiary that refinances Indebtedness, Disqualified Stock or Preferred Stock of an Unrestricted Subsidiary. 

Refinancing Indebtedness in respect of any Credit Facility or any other Indebtedness may be Incurred from time to time after the termination,
discharge or repayment of any such Credit Facility or other Indebtedness. 
 “Regulation S” means Regulation S under
the Securities Act. 
 “Regulation S-X” means Regulation S-X promulgated pursuant to the Securities Act.

 “Related Taxes” means: 

(1) any Taxes, including sales, use, transfer, rental, ad valorem, value added, stamp, property, consumption, franchise,
license, capital, registration, business, customs, 

  
 33 

 
net worth, gross receipts, excise, occupancy, intangibles or similar Taxes (other than (x) Taxes measured by income and (y) withholding imposed on payments made by any Parent), required
to be paid (provided such Taxes are in fact paid) by any Parent by virtue of its: 
 (a) being organized or having Capital
Stock outstanding (but not by virtue of owning stock or other equity interests of any corporation or other entity other than, directly or indirectly, the Company or any of the Company’s Subsidiaries); 

(b) being a holding company parent, directly or indirectly, of the Company or any of the Company’s Subsidiaries; 

(c) receiving dividends from or other distributions in respect of the Capital Stock of, directly or indirectly, the Company or
any of the Company’s Subsidiaries; or 
 (d) having made any payment in respect to any of the items for which the
Company is permitted to make payments to any Parent pursuant to Section 3.3; or 
 (2) for any taxable period of the Company,
either 
 (a) if, for such period, the Company is a corporation for U.S. federal income tax purposes and for so long as the
Company is a member of a group filing a consolidated, unitary or combined tax return with any Parent, any Taxes measured by income for which such Parent is liable, up to an amount not to exceed the amount of any such Taxes that the Company and its
Subsidiaries that are members of such group would have been required to pay on a separate group basis if the Company and such Subsidiaries had paid tax on a consolidated, combined, group, affiliated or unitary basis on behalf of an affiliated group
consisting only of the Company and its Subsidiaries; provided that the amount of such Taxes with respect to any Unrestricted Subsidiary shall not exceed the amount actually paid by such Unrestricted Subsidiary to the Company or its Restricted
Subsidiaries for the relevant taxable period; or 
 (b) if, for such period (or portion thereof corresponding to a period
used for computing estimated tax of a calendar year corporation), the Company is a partnership or disregarded entity for U.S. federal income tax purposes, tax distributions (in the case of an estimated tax period, prior to the related due date) to
the owner or owners of equity of the Company in an aggregate amount equal to the greater of (1) the product of (i) the Company’s “taxable income” (in the case of a disregarded entity, computed as if such entity were a
partnership) for such period (or portion thereof), reduced by the cumulative net taxable loss of the Company for all prior periods ending after the Issue Date (determined as if all such prior periods were one taxable period) to the extent such loss
is of a character that would permit such loss to be deducted against the current period’s 

  
 34 

 
income, and (ii) the highest combined marginal federal, state and/or local income tax rate applicable to an individual residing in New York City for such period or (2) the sum of the
alternative minimum tax owed by an individual residing in New York City as a result of the income of the Company and the corresponding state and local tax (taking into account in each case the deductibility of state and local income taxes for U.S.
federal income tax purposes), as properly adjusted to reflect the final determination of any previously estimated taxable income or loss; provided that the aggregate amount of Related Taxes determined under this paragraph for any taxable
period shall be reduced by the excess of (A) the product of (x) the taxable income of any Unrestricted Subsidiary for such taxable period included in the calculation of clause (i) above and (y) the rate described in clause
(ii) above, over (B) the amount distributed by such Unrestricted Subsidiary to the Company or its Restricted Subsidiaries for the relevant taxable period. 

“Residual Interest” means, with respect to any Securitization Entity, the residual right (which may be represented by
an equity interest or a subordinated debt obligation of such entity) owned or held by the Company or a Restricted Subsidiary (other than a Securitization Entity) to receive cash flows from the Financeable Assets sold to such Securitization Entity in
excess of amounts needed to pay principal of, interest on and other amounts in respect of Securitization Entity Indebtedness of such entity, servicing expenses of such entity, costs in respect of Hedging Obligations of such entity (if any) and other
fees and obligations in respect of the Third Party Securities issued by such entity and secured by such Financeable Assets. 

“Restricted Investment” means any Investment other than a Permitted Investment. 

“Restricted Notes” means Initial Notes and Additional Notes bearing the restrictive legend described in Section
2.1(d). 
 “Restricted Notes Legend” means the legend set forth in Section 2.1(d). 

“Restricted Period” means the 40-day distribution compliance period as defined in Regulation S. 

“Restricted Subsidiary” means any Subsidiary of the Company other than an Unrestricted Subsidiary. 

“Rule 144A” means Rule 144A under the Securities Act. 

“S&P” means Standard & Poor’s Ratings Services, a division of McGraw Hill Financial Inc. or any of
its successors or assigns that is a Nationally Recognized Statistical Rating Organization. 
 “Sale and Leaseback
Transaction” means any arrangement providing for the leasing by the Company or any of its Restricted Subsidiaries of any real or tangible personal property, which property has been or is to be sold or transferred by the Company or such
Restricted Subsidiary to a third Person in contemplation of such leasing. 
 “SEC” means the U.S. Securities
and Exchange Commission or any successor thereto. 

  
 35 

 “Securities Act” means the U.S. Securities Act of 1933, as amended, and
the rules and regulations of the SEC promulgated thereunder, as amended. 
 “Securitization Entity” means any
Person formed exclusively for the purpose of engaging in a Qualified Securitization Transaction with the Company or a Restricted Subsidiary and which engages in no business or activities other than in connection with such Qualified Securitization
Transaction and any activities incidental thereto; provided that (a) no portion of the Indebtedness (including Third Party Securities) or any other Obligation (contingent or otherwise) of such Person (i) is Guaranteed
by the Company or any of its Restricted Subsidiaries other than such Securitization Entity or a related Securitization Entity (excluding any Guarantees (other than Guarantees of the principal of, and interest on, Indebtedness) that may be deemed to
exist solely pursuant to Standard Securitization Undertakings), (ii) is recourse to or obligates the Company or any of its Restricted Subsidiaries (other than such Securitization Entity or a related Securitization Entity) in any way, other than
pursuant to Standard Securitization Undertakings, or (iii) subjects any property or asset of the Company or any of its Restricted Subsidiaries other than such Securitization Entity or a related Securitization Entity, directly or indirectly,
contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings, and (b) none of the Company or any of its Restricted Subsidiaries has any obligation to maintain or preserve such Person’s
financial condition or cause such Person to achieve certain levels of operating results, excluding any such obligation that may be deemed to exist solely pursuant to Standard Securitization Undertakings; and provided further
that, notwithstanding the foregoing, the Company and any Restricted Subsidiary may provide such Securitization Entity or a related Securitization Entity with Permitted Credit Enhancement. 

“Securitization Entity Indebtedness” means Indebtedness (including Third Party Securities) Incurred by a
Securitization Entity that is a Restricted Subsidiary in connection with a Qualified Securitization Transaction. 

“Securitization Repurchase Obligation” means any obligation of a seller of Financeable Assets in a Qualified
Securitization Transaction to repurchase Financeable Assets arising as a result of a breach of a representation, warranty or covenant, including, without limitation, as a result of a Receivable or portion thereof becoming subject to any asserted
defenses, dispute, offset or counterclaim of any kind as a result of any action taken by, any failure to take action by or any other event relating to the seller. 

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

“Similar Business” means (a) any businesses, services or activities engaged in by the Company or any of its
Subsidiaries or any Associates on the Issue Date and (b) any businesses, services and activities engaged in by the Company or any of its Subsidiaries or any Associates that are related, complementary, incidental, ancillary or similar to any of
the foregoing or are extensions, expansions or developments of any thereof. 
 “Standard Securitization
Undertakings” means representations, warranties, covenants, repurchase obligations and indemnities made by or entered into by the Company or any 

  
 36 

 
Subsidiary of the Company which the Company has determined in good faith to be customary in a Qualified Securitization Transaction, including, without limitation, those relating to origination,
sale and the servicing of the assets of a Securitization Entity, it being understood that any Securitization Repurchase Obligation shall be deemed to be a Standard Securitization Undertaking. 

“Stated Maturity” means, with respect to any security, the date specified in such security as the fixed date on which
the payment of principal of such security is due and payable, including pursuant to any mandatory redemption provision, but shall not include any contingent obligations to repay, redeem or repurchase any such principal prior to the date originally
scheduled for the payment thereof. 
 “Subordinated Indebtedness” means, with respect to any Person, any
Indebtedness (whether outstanding on the Issue Date or thereafter Incurred) which is expressly subordinated in right of payment to the Notes pursuant to a written agreement. 

“Subsidiary” means, with respect to any Person: 

(1) any corporation, association, or other business entity (other than a partnership, Joint Venture, limited liability company
or similar entity) of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof is at the time of
determination owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof; or 

(2) any partnership, Joint Venture, limited liability company or similar entity of which: 

(a) more than 50% of the capital accounts, distribution rights, total equity and voting interests or general or limited
partnership interests, as applicable, are owned or controlled, directly or indirectly, by such Person or one or more of the other Subsidiaries of that Person or a combination thereof whether in the form of membership, general, special or limited
partnership interests or otherwise; and 
 (b) such Person or any Subsidiary of such Person is a controlling general partner
or otherwise controls such entity. 
 “Taxes” means all present and future taxes, levies, imposts, deductions,
charges, duties and withholdings and any charges of a similar nature (including interest, penalties and other liabilities with respect thereto) that are imposed by any government or other taxing authority. 

“Third Party Securities” means, with respect to any Qualified Securitization Transaction, notes, bond or other debt
instruments, beneficial interests in a trust, undivided ownership interests in an entity or in a pool or pools of Financeable Assets or other securities issued for cash consideration by the relevant Securitization Entity to banks, investors or other
financing sources (other than the Company and its Restricted Subsidiaries) the proceeds of which are used to finance, in whole or in part, the purchase by such Securitization Entity of Financeable Assets in a Qualified Securitization Transaction.

  
 37 

 “Total Assets” mean, as of any date, the total assets of the Company and
its Restricted Subsidiaries on a consolidated basis, as shown on the most recent quarterly or annual consolidated balance sheet of the Company and its Restricted Subsidiaries made available pursuant to Section 3.10, determined on a pro forma basis
in a manner consistent with the pro forma basis contained in the definition of Consolidated Non-Funding Debt to Tangible Equity Ratio. 

“TIA” means the Trust Indenture Act of 1939, as amended. 

“Treasury Rate” means in the case of a redemption of the Notes, the yield to maturity at the time of computation of
United States Treasury securities with a constant maturity (as compiled and published in the most recent Federal Reserve Statistical Release H.15 (519) which has become publicly available at least two Business Days (but not more than five
Business Days) prior to the Redemption Date (or, if such statistical release is not so published or available, any publicly available source of similar market data selected by the Company in good faith)) most nearly equal to the period from the
Redemption Date to December 15, 2016, in the case of the 2019 Notes, and December 15, 2017, in the case of the 2021 Notes; provided, however, that if the period from the Redemption Date to
December 15, 2016, in the case of the 2019 Notes, and December 15, 2017, in the case of the 2021 Notes, is not equal to the constant maturity of a United States Treasury security for which a weekly average yield is given, the Treasury Rate
shall be obtained by linear interpolation (calculated to the nearest one-twelfth of a year) from the weekly average yields of United States Treasury securities for which such yields are given, except that if the period from the Redemption Date to
such applicable date is less than one year, the weekly average yield on actually traded United States Treasury securities adjusted to a constant maturity of one year shall be used. 

“Trustee” means the party named as such in this Indenture until a successor replaces it and, thereafter, means the
successor. 
 “Trust Officer” shall mean, when used with respect to the Trustee, any vice president,
assistant vice president, any trust officer or any other officer of the Trustee, as applicable, who customarily performs functions similar to those performed by the Persons who at the time shall be such officers, respectively, or to whom any
corporate trust matter is referred because of such person’s knowledge of and familiarity with the particular subject and who shall have direct responsibility for the administration of this Indenture. 

“Unrestricted Subsidiary” means: 

(1) any Subsidiary of the Company that at the time of determination is an Unrestricted Subsidiary (as designated by the Board
of Directors of the Company in the manner provided below); and 
 (2) any Subsidiary of an Unrestricted Subsidiary. 

  
 38 

 The Board of Directors of the Company may designate any Subsidiary of the Company, respectively,
(including any newly acquired or newly formed Subsidiary or a Person becoming a Subsidiary through merger, consolidation or other business combination transaction, or Investment therein) to be an Unrestricted Subsidiary only if: 

(1) such Subsidiary or any of its Subsidiaries does not own any Capital Stock or Indebtedness of, or own or hold any Lien on
any property of, the Company or any other Subsidiary of the Company which is not a Subsidiary of the Subsidiary to be so designated or otherwise an Unrestricted Subsidiary; and 

(2) such designation and the Investment of the Company in such Subsidiary complies with Section 3.3 hereof. 

“U.S. Government Obligations” means securities that are (1) direct obligations of the United States of America
for the timely payment of which its full faith and credit is pledged or (2) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States of America the timely payment of which is
unconditionally Guaranteed as a full faith and credit obligation of the United States of America, which, in either case, are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank
(as defined in Section 3(a)(2) of the Securities Act), as custodian with respect to any such U.S. Government Obligations or a specific payment of principal of or interest on any such U.S. Government Obligations held by such custodian for the
account of the holder of such depositary receipt; provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount
received by the custodian in respect of the U.S. Government Obligations or the specific payment of principal of or interest on the U.S. Government Obligations evidenced by such depositary receipt. 

“Voting Stock” of a Person means all classes of Capital Stock of such Person then outstanding and normally entitled to
vote in the election of directors. 
 “Warehousing Facility” means any financing arrangement of any kind,
including financing arrangements in the form of purchase facilities, repurchase facilities, loan agreements, note issuance facilities and commercial paper facilities (and excluding, in all cases, securitizations), with a financial institution or
other lender or purchaser, in each case exclusively to finance the purchase, origination, pooling, funding or carrying of Receivables by the Company or any Restricted Subsidiary (except that up to 5% of the proceeds of the aggregate amount of
Indebtedness outstanding under the Citi Warehouse Line at any one time may have been used for other purposes, assuming for purposes of this calculation that none of the amounts outstanding on the Issue Date were used for other purposes and that only
amounts incurred in reliance upon the exception for Permitted Funding Indebtedness shall be included); provided that, in each case, such purchase, origination, pooling, funding and carrying is in the ordinary course of business;
provided, further, that, in each case such carrying is in connection with a refinancing (including any extension, renewal, amendment or replacement of any Warehousing Facility); provided, further, that, all
Indebtedness under the Citi Warehouse Line outstanding on the Issue Date shall constitute Indebtedness in connection with a Warehousing Facility. 

  
 39 

 “Warehousing Indebtedness” means Indebtedness in connection with a
Warehousing Facility; the amount of any particular Warehousing Indebtedness as of any date of determination shall be the greater of (x) the consideration received by the Company or any Restricted Subsidiary under such Warehousing Facility and
not previously repaid to the holder of such Warehousing Indebtedness and (y) in the case of a purchase facility, the book value of the outstanding Receivables financed under such Warehousing Facility until such time as such Receivables are
(i) securitized, (ii) repurchased by the Company or any Restricted Subsidiary or (iii) sold to a Person who is not an Affiliate of the Company. 

“Weighted Average Life to Maturity” means, when applied to any Indebtedness, Disqualified Stock or Preferred Stock, as
the case may be, at any date, the quotient obtained by dividing: 
 (1) the sum of the products of the number of years
from the date of determination to the date of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such Disqualified Stock or Preferred Stock multiplied by the amount of such payment, by

 (2) the sum of all such payments. 

“Wholly Owned Domestic Subsidiary” means a Domestic Subsidiary of the Company, all of the Capital Stock of which is
owned by the Company. 
 Section 1.2. Other Definitions. 

 

			
	 Term
	  	 Defined in
Section

	 “Additional Restricted Notes”
	  	2.1(b)
	 “Affiliate Transaction”
	  	3.8(a)
	 “Agent Members”
	  	2.1(g)(2)
	 “Applicable Premium Deficit”
	  	11.1(b)
	 “Asset Disposition Offer”
	  	3.5(b)
	 “Asset Sale Payment Date”
	  	3.5(f)(2)
	 “Authenticating Agent”
	  	2.2
	 “bankruptcy provisions”
	  	6.1(a)(5)(F)
	 “Change of Control Offer”
	  	3.9(a)
	 “Change of Control Payment”
	  	3.9(a)
	 “Change of Control Payment Date”
	  	3.9(a)(2)
	 “Clearstream”
	  	2.1(b)
	 “Commission”
	  	1.3
	 “Company Order”
	  	2.2
	 “Covenant Defeasance”
	  	8.3
	 “cross acceleration provision”
	  	6.1(a)(4)(B)
	 “Defaulted Interest”
	  	2.15
	 “Defeasance Trust”
	  	8.4(1)
	 “Euroclear”
	  	2.1(b)
	 “Event of Default”
	  	6.1(a)

  
 40 

			
	 “Excess Proceeds”
		3.5(b)
	 “Global Notes”
		2.1(b)
	 “Guaranteed Obligations”
		10.1
	 “Initial Agreement”
		3.4(b)(16)
	 “Initial Lien”
		3.6
	 “judgment default provision”
		6.1(a)(7)
	 “Legal Defeasance”
		8.2
	 “Legal Holiday”
		12.8
	 “Notes Register”
		2.3
	 “obligor”
		1.3
	 “payment default”
		6.1(a)(4)(A)
	 “Permitted Debt”
		3.2(b)
	 “Permitted Payments”
		3.3(b)
	 “protected purchaser”
		2.11
	 “Redemption Date”
		5.7(a)
	 “Refunding Capital Stock”
		3.3(b)(2)
	 “Registrar”
		2.3
	 “Regulation S Global Notes”
		2.1(b)
	 “Regulation S Permanent Global Note”
		2.1(b)
	 “Regulation S Temporary Global Note”
		2.1(b)
	 “Regulation S Notes”
		2.1(b)
	 “Resale Restriction Termination Date”
		2.6(b)
	 “Restricted Payment”
		3.3(a)
	 “Reversion Date”
		3.19(b)
	 “Rule 144A Global Note”
		2.1(b)
	 “Rule 144A Notes”
		2.1(b)
	 “Special Interest Payment Date”
		2.15(a)
	 “Special Record Date”
		2.15(a)
	 “Successor Company”
		4.1(a)(1)
	 “Successor Guarantor”
		4.1(d)(i)
	 “Suspended Covenants”
		3.19(a)
	 “Suspension Date”
		3.19(a)
	 “Suspension Period”
		3.19(b)

 Section 1.3. Incorporation by Reference of Trust Indenture Act. The following TIA terms have the
following meanings: 
 “Commission” means the SEC. 

“obligor” on the indenture securities means the Company and any other obligor on the indenture securities. 

  
 41 

 All other TIA terms used in this Indenture that are defined by the TIA, defined in the TIA by
reference to another statute or defined by SEC rule have the meanings assigned to them by such definitions. 
 Section 1.4. Rules of
Construction. Unless the context otherwise requires: 
 (1) a term has the meaning assigned to it; 

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

(3) “or” is not exclusive; 

(4) “including” means including without limitation; 

(5) words in the singular include the plural and words in the plural include the singular; 

(6) “will” shall be interpreted to express a command; 

(7) all amounts expressed in this Indenture or in any of the Notes in terms of money refer to the lawful currency of the United
States of America; 
 (8) the words “herein,” “hereof” and “hereunder” and other words of
similar import refer to this Indenture as a whole and not to any particular Article, Section or other subdivision; 
 (9) the
2019 Notes and the 2021 Notes are each referred to herein as a “series”; 
 (10) unless otherwise specifically
indicated, the term “consolidated” with respect to any Person refers to such Person consolidated with its Restricted Subsidiaries, and excludes from such consolidation any Unrestricted Subsidiary as if such Unrestricted Subsidiary were not
an Affiliate of such Person; and 
 (11) for the purposes of Section 6.1(a)(6)(D), in respect of any Parent, the making of a
declaration that the affairs of any Parent are en etat de désastre shall be deemed to be similar relief granted under foreign law. 

ARTICLE II 
 THE NOTES 

Section 2.1. Form, Dating and Terms. 

(a) The aggregate principal amount of Notes that may be authenticated and delivered under this Indenture is unlimited. The 2019 Initial Notes
issued on the date hereof will be in an aggregate principal amount of $700,000,000. The 2021 Initial Notes issued on the date hereof 

  
 42 

 
will be in an aggregate principal amount of $800,000,000. In addition, the Company may issue, from time to time in accordance with the provisions of this Indenture, Additional Notes (as provided
herein). Furthermore, Notes of a series may be authenticated and delivered upon registration of transfer, exchange or in lieu of, other Notes of the applicable series pursuant to Section 2.2, 2.6, 2.11, 2.13, 5.6 or 9.5, in connection with an Asset
Disposition Offer pursuant to Section 3.5 or in connection with a Change of Control Offer pursuant to Section 3.9. 
 Notwithstanding
anything to the contrary contained herein, the Company may not issue any Additional Notes, unless such Additional Notes shall have the same terms as to status, redemption or otherwise as Initial Notes of the same series (other than issue date, issue
price, if applicable, the first interest payment date and the first date from which interest will accrue and any adjustments in order to conform to and ensure compliance with the Securities Act (or other applicable securities laws)) and such
issuance is in compliance with Sections 3.2 and 3.6. 
 With respect to any Additional Notes, the Company shall set forth in (i) an
Officer’s Certificate or (ii) one or more indentures supplemental hereto, the following information: 
 (A) the
aggregate principal amount and series of such Additional Notes to be authenticated and delivered pursuant to this Indenture; 

(B) the issue price and the issue date of such Additional Notes, including the date from which interest shall accrue; and 

(C) whether such Additional Notes shall be Restricted Notes. 

In authenticating and delivering Additional Notes, the Trustee shall be entitled to receive and shall be fully protected in relying upon, in
addition to the Opinion of Counsel and Officer’s Certificate required by Section 12.4, an Opinion of Counsel as to the due authorization, execution, delivery, validity and enforceability of such Additional Notes. 

The Initial Notes of a series, and the Additional Notes of the same series shall be considered collectively as a single class for all
purposes of this Indenture, provided that if any such Additional Notes are not fungible with the applicable series of then existing Notes for U.S. federal income tax purposes, such Additional Notes will have a separate CUSIP number than the
Initial Notes of such series. Holders of the Initial Notes of a series and the Additional Notes of such series will vote and consent together on all matters to which such Holders are entitled to vote or consent as one class, and none of the Holders
of the Initial Notes of a series or the Additional Notes of such series shall have the right to vote or consent as a separate class on any matter to which such Holders are entitled to vote or consent. Holders of Notes of different series shall vote
separately by series on all matters to which such Holders are entitled to vote or consent. 
 If any of the terms of any series of
Additional Notes are established by action taken pursuant to a Board Resolution of the Company, a copy of an appropriate record of such action shall be certified by the Secretary or any Assistant Secretary of the Company and delivered to the Trustee
at or prior to the delivery of the Officer’s Certificate or an indenture supplemental hereto setting forth the terms of such series of the Additional Notes. 

  
 43 

 (b) The Initial Notes are being offered and sold by the Company pursuant to a Purchase
Agreement, dated December 8, 2014, among the Company and the Initial Purchasers. The Initial Notes and any Additional Notes (if issued as Restricted Notes) (the “Additional Restricted Notes”) will be resold initially only to
(A) QIBs in reliance on Rule 144A and (B) Non-U.S. Persons in reliance on Regulation S. Such Initial Notes and Additional Restricted Notes may thereafter be transferred to, among others, QIBs, purchasers in reliance on Regulation S, AIs
and IAIs in accordance with Rule 501 under the Securities Act, in each case, in accordance with the procedure described herein. Additional Notes offered after the date hereof may be offered and sold by the Company from time to time pursuant to one
or more purchase agreements in accordance with applicable law. 
 Initial Notes and Additional Restricted Notes of each series
offered and sold to QIBs in the United States of America in reliance on Rule 144A (the “Rule 144A Notes”) will be issued in the form of a permanent global note substantially in the form of Exhibit A-1, in the case of the 2019 Notes,
and Exhibit A-2, in the case of the 2021 Notes, each of which is hereby incorporated by reference and made a part of this Indenture, including appropriate legends as set forth in Section 2.1(d) and (e) (each such note, a “Rule 144A Global
Note”), deposited with the Trustee, as custodian for DTC, duly executed by the Company and authenticated by the Trustee as hereinafter provided. The Rule 144A Global Note of each series may be represented by more than one certificate, if so
required by DTC’s rules regarding the maximum principal amount to be represented by a single certificate. The aggregate principal amount of the Rule 144A Global Note of each series may from time to time be increased or decreased by adjustments
made on the records of the Trustee, as custodian for DTC or its nominee, as hereinafter provided. 
 Initial Notes and any
Additional Restricted Notes of each series offered and sold outside the United States of America (the “Regulation S Notes”) in reliance on Regulation S will be issued initially in the form of a temporary global note substantially in
the form of Exhibit A-1, in the case of the 2019 Notes, and Exhibit A-2, in the case of the 2021 Notes, including appropriate legends as set forth in Section 2.1(d) and (e) (each such note, a “Regulation S Temporary Global Note”).
Each Regulation S Global Note will be deposited upon issuance with, or on behalf of, the Trustee as custodian for DTC in the manner described in this Article II for credit to the respective accounts of the purchasers (or to such other accounts as
they may direct), including, but not limited to, accounts at Euroclear Bank S.A./N.V. (“Euroclear”) or Clearstream Banking, société anonyme (“Clearstream”). 

Following (i) the expiration of the Restricted Period and (ii) receipt by the Trustee of certification in a form reasonably
satisfactory to the Trustee that beneficial interests in such Regulation S Temporary Global Notes are owned either by non-U.S. persons (as defined in Regulation S) or U.S. persons who purchased such interests in a transaction that did not require
registration under the Securities Act, beneficial interests in each Regulation S Temporary Global Note may be exchanged for beneficial interests in a permanent global note in the form of Exhibit A-1 hereto, in the case of the 2019 Notes, and Exhibit
A-2 hereto, in the case of the 2021 Notes, including appropriate legends as set forth in Section 2.1(d) and (e), except as otherwise permitted herein (each, a “Regulation S Permanent Global Note” and, together with the Regulation S
Temporary Global Notes, the “Regulation S Global Notes”). Simultaneously with any authentication of any Regulation S Permanent Global Note, the Trustee shall cancel the corresponding Regulation S Temporary Global Note. The aggregate
principal amount of a 

  
 44 

 
Regulation S Temporary Global Note and a Regulation S Permanent Global Note may from time to time be increased or decreased by adjustments made by the Registrar on Schedule A to the applicable
Regulation S Temporary Global Note or the applicable Regulation S Permanent Global Note, as the case may be, and recorded in the Notes Register, as hereinafter provided. 

Investors may hold their interests in the Regulation S Global Note of any series through organizations other than Euroclear or Clearstream
that are participants in DTC’s system or directly through Euroclear or Clearstream, if they are participants in such systems, or indirectly through organizations which are participants in such systems. If such interests are held through
Euroclear or Clearstream, Euroclear and Clearstream will hold such interests in the applicable Regulation S Global Note on behalf of their participants through customers’ securities accounts in their respective names on the books of their
respective depositaries. Such depositaries, in turn, will hold such interests in the applicable Regulation S Global Note in customers’ securities accounts in the depositaries’ names on the books of DTC. 

The Regulation S Global Note of any series may be represented by more than one certificate, if so required by DTC’s rules regarding the
maximum principal amount to be represented by a single certificate. The aggregate principal amount of the Regulation S Global Note of each series may from time to time be increased or decreased by adjustments made on the records of the Trustee, as
custodian for DTC or its nominee, as hereinafter provided. 
 The Rule 144A Global Note and the Regulation S Global Note are
sometimes collectively herein referred to as the “Global Notes.” 
 The principal of (and premium, if any)
and interest on the Notes shall be payable at the office or agency of the Paying Agent designated by the Company maintained for such purpose (which shall initially be the office of the Trustee maintained for such purpose), or at such other office or
agency of the Company as may be maintained for such purpose pursuant to Section 2.3; provided, however, that, at the option of the Paying Agent, each installment of interest may be paid by (i) check mailed to addresses of the
Persons entitled thereto as such addresses shall appear on the Notes Register or (ii) wire transfer to an account located in the United States maintained by the payee, in accordance with wire instructions set forth in the Notes Register,
subject to the last sentence of this paragraph. Payments in respect of Notes represented by a Global Note (including principal, premium, if any, and interest) will be made by wire transfer of immediately available funds to the accounts specified by
DTC or its nominee. Payments in respect of Notes represented by Definitive Notes (including principal, premium, if any, and interest) held by a Holder of at least $1,000,000 aggregate principal amount of Notes represented by Definitive Notes will be
made by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United States if such Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such
account no later than 15 days immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion). 

The Notes may have notations, legends or endorsements required by law, stock exchange rule or usage, in addition to those set forth on Exhibit
A-1 and Exhibit A-2 and in Section 2.1(d) and (e). The Company shall approve any notation, endorsement or legend on the Notes. Each Note shall be dated the date of its authentication. The terms of the Notes set forth in Exhibit A-1

  
 45 

 
and Exhibit A-2 are part of the terms of this Indenture and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture, expressly agree to be bound
by such terms. 
 (c) Denominations. The Notes shall be in minimum denominations of $2,000 and integral multiples of $1,000 in
excess thereof. 
 (d) Restrictive Legend. Unless and until (i) an Initial Note or an Additional Note issued as a
Restricted Note is sold under an effective registration statement or (ii) the Trustee receives an Opinion of Counsel reasonably satisfactory to it to the effect that neither such legend nor the related restrictions on transfer are required in
order to maintain compliance with the provisions of the Securities Act. The Rule 144A Global Note and the Regulation S Global Note shall each bear the following legend on the face thereof: 

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF
ANY STATE OR OTHER JURISDICTION. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH
TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, SUCH REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES ON ITS OWN BEHALF AND ON BEHALF OF ANY INVESTOR ACCOUNT FOR WHICH IT HAS PURCHASED SECURITIES, TO OFFER, SELL OR
OTHERWISE TRANSFER SUCH SECURITY, PRIOR TO THE DATE (THE “RESALE RESTRICTION TERMINATION DATE”) THAT IS [IN THE CASE OF RULE 144A NOTES: ONE YEAR] [IN THE CASE OF REGULATION S NOTES: 40 DAYS] AFTER THE LATER OF THE ORIGINAL CLOSING DATE
HEREOF AND THE LAST DATE ON WHICH THE ISSUER OR ANY AFFILIATE OF THE ISSUER WAS THE OWNER OF THIS SECURITY (OR ANY PREDECESSOR OF SUCH SECURITY) [IN THE CASE OF RULE 144A NOTES: AND ON WHICH THE ISSUER INSTRUCTS THE TRUSTEE THAT THIS LEGEND SHALL BE
DEEMED REMOVED FROM THE NOTES, IN ACCORDANCE WITH THE PROCEDURES DESCRIBED IN THE INDENTURE RELATING TO THIS SECURITY], ONLY (A) TO THE ISSUER, (B) PURSUANT TO A REGISTRATION STATEMENT THAT HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES
ACT, (C) FOR SO LONG AS THE SECURITIES ARE ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT, TO A PERSON IT REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT
THAT PURCHASES FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (D) PURSUANT TO OFFERS AND SALES THAT OCCUR OUTSIDE THE UNITED STATES
WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT OR (E) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO THE ISSUER’S AND THE TRUSTEE’S RIGHT PRIOR TO ANY SUCH
OFFER, SALE OR TRANSFER 

  
 46 

 
PURSUANT TO CLAUSE (D) OR (E) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION OR OTHER INFORMATION SATISFACTORY TO EACH OF THEM. THIS LEGEND WILL BE REMOVED UPON THE
REQUEST OF THE HOLDER AFTER THE RESALE RESTRICTION TERMINATION DATE. [IN THE CASE OF REGULATION S NOTES: BY ITS ACQUISITION HEREOF, THE HOLDER HEREOF REPRESENTS THAT IT IS NOT A U.S. PERSON NOR IS IT PURCHASING FOR THE ACCOUNT OF A U.S. PERSON AND
IS ACQUIRING THIS SECURITY IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH REGULATION S UNDER THE SECURITIES ACT.] 
 (e) Global Note
Legend. 
 Each Global Note, whether or not an Initial Note, shall bear the following legend on the face thereof: 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL NOTE SHALL BE
LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO DTC, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 (f) [Reserved]. 

(g) Book-Entry Provisions. (i) This clause (g) shall apply only to Global Notes deposited with the Trustee, as custodian
for DTC. 
 (1) Each Global Note initially shall (x) be registered in the name of DTC or the nominee of DTC,
(y) be delivered to the Notes Custodian for DTC and (z) bear legends as set forth in (e). Transfers of a Global Note (but not a beneficial interest therein) will be limited to transfers thereof in whole, but not in part, to the DTC, its
successors or its respective nominees, except as set forth in Sections 2.1(g)(4) and 2.1(h). If a beneficial interest in a Global Note is transferred or exchanged for a beneficial interest in another Global Note, the Notes Custodian will
(x) record a decrease in the 

  
 47 

 
principal amount of the Global Note being transferred or exchanged equal to the principal amount of such transfer or exchange and (y) record a like increase in the principal amount of the
other Global Note. Any beneficial interest in one Global Note that is transferred to a Person who takes delivery in the form of an interest in another Global Note, or exchanged for an interest in another Global Note, will, upon transfer or exchange,
cease to be an interest in such Global Note and become an interest in the other Global Note and, accordingly, will thereafter be subject to all transfer and exchange restrictions, if any, and other procedures applicable to beneficial interests in
such other Global Note for as long as it remains such an interest. 
 (2) Members of, or participants in, DTC (“Agent
Members”) shall have no rights under this Indenture with respect to any Global Note held on their behalf by DTC or by the Notes Custodian as the custodian of DTC or under such Global Note, and DTC may be treated by the Company, the Trustee
and any agent of the Company or the Trustee as the absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from
giving effect to any written certification, proxy or other authorization furnished by DTC or impair, as between DTC and its Agent Members, the operation of customary practices of DTC governing the exercise of the rights of a holder of a beneficial
interest in any Global Note. 
 (3) In connection with any transfer of a portion of the beneficial interest in a Global Note
pursuant to Section 2.1(h) to beneficial owners who are required to hold Definitive Notes, the Notes Custodian shall reflect on its books and records the date and a decrease in the principal amount of such Global Note in an amount equal to the
principal amount of the beneficial interest in the Global Note to be transferred, and the Company shall execute, and the Trustee shall authenticate and make available for delivery, one or more Definitive Notes of like tenor and amount. 

(4) In connection with the transfer of an entire Global Note to beneficial owners pursuant to Section 2.1(h), such Global Note
shall be deemed to be surrendered to the Trustee for cancellation, and the Company shall execute, and the Trustee shall authenticate and make available for delivery, to each beneficial owner identified by DTC in exchange for its beneficial interest
in such Global Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. 
 (5) The
registered Holder of a Global Note may grant proxies and otherwise authorize any person, including Agent Members and persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or
the Notes. 
 (6) Any Holder of a Global Note shall, by acceptance of such Global Note, agree that transfers of beneficial
interests in such Global Note may be effected only through a book-entry system maintained by (i) the Holder of such Global Note (or its agent) or (ii) any holder of a beneficial interest in such Global Note, and that ownership of a
beneficial interest in such Global Note shall be required to be reflected in a book entry. 

  
 48 

 (h) Definitive Notes. Except as provided below, owners of beneficial interests in
Global Notes will not be entitled to receive Definitive Notes. Definitive Notes shall be transferred to all beneficial owners in exchange for their beneficial interests in a Global Note if (A) DTC notifies the Company or the Guarantors that it
is unwilling or unable to continue as Depositary for the Global Notes and the Company fails to appoint a successor depositary, (B) DTC has ceased to be a clearing agency registered under the Exchange Act and the Company fails to appoint a
successor depositary, (C) the Company, at its option, notifies the Trustee in writing that it elects to cause the issuance of the Definitive Notes, (D) there has occurred and is continuing a Default or Event of Default with respect to the
Notes or (E) prior written notice is given to the Trustee by or on behalf of DTC in accordance with this Indenture. In the event of the occurrence of any of the events specified in clause (A), (B) or (C), (D) or (E) of the preceding sentence,
the Company shall promptly make available to the Trustee a reasonable supply of Definitive Notes. If required to hold a Note in the form of a Definitive Note pursuant to any applicable law or regulation, beneficial owners may also obtain Definitive
Notes in exchange for their beneficial interests in a Global Note upon written request in accordance with DTC’s and the Registrar’s procedures. 

(1) Any Definitive Note delivered in exchange for an interest in a Global Note pursuant to Section 2.1(g) shall, except as
otherwise provided by Section 2.6(d), bear the applicable legend regarding transfer restrictions applicable to the Global Note set forth in Section 2.1(d). 

(2) If a Definitive Note is transferred or exchanged for a beneficial interest in a Global Note, the Trustee will
(x) cancel such Definitive Note, (y) record an increase in the principal amount of such Global Note equal to the principal amount of such transfer or exchange and (z) in the event that such transfer or exchange involves less than the
entire principal amount of the canceled Definitive Note, the Company shall execute, and the Trustee shall authenticate and make available for delivery, to the transferring Holder a new Definitive Note representing the principal amount not so
transferred. Definitive Notes may not be exchanged for beneficial interests in any Global Note unless the transferor first delivers to the Trustee such written certificate as the Trustee may require to the effect that such transfer will comply with
the appropriate transfer restrictions applicable to such Notes. 
 (3) If a Definitive Note is transferred or exchanged for
another Definitive Note, (x) the Trustee will cancel the Definitive Note being transferred or exchanged, (y) the Company shall execute, and the Trustee shall authenticate and make available for delivery, one or more new Definitive Notes in
authorized denominations having an aggregate principal amount equal to the principal amount of such transfer or exchange to the transferee (in the case of a transfer) or the Holder of the canceled Definitive Note (in the case of an exchange),
registered in the name of such transferee or Holder, as applicable, and (z) if such transfer or exchange involves less than the entire principal amount of the canceled Definitive Note, the Company shall execute, and the Trustee shall
authenticate and make available for delivery to the Holder thereof, one or more Definitive Notes in authorized denominations having an aggregate principal amount equal to the untransferred or unexchanged portion of the canceled Definitive Notes,
registered in the name of the Holder thereof. 

  
 49 

 (4) A beneficial interest in a Regulation S Temporary Global Note may not be
exchanged for a Definitive Note or transferred to a Person who takes delivery thereof in the form of a Definitive Note prior to (A) the expiration of the Restricted Period and (B) the receipt by the Registrar of any certificates required
pursuant to Rule 903(b)(3)(ii)(B) of the Securities Act, except in the case of a transfer pursuant to an exemption from the registration requirements of the Securities Act other than Rule 903 or Rule 904. 

Section 2.2. Execution and Authentication. One Officer shall sign the Notes for the Company by manual, facsimile or PDF
signature. If the Officer whose signature is on a Note no longer holds that office at the time the Trustee authenticates the Note, the Note shall be valid nevertheless. 

A Note shall not be valid until an authorized officer of the Trustee manually authenticates the Note. The signature of the Trustee on a Note
shall be conclusive evidence that such Note has been duly and validly authenticated and issued under this Indenture. A Note shall be dated the date of its authentication. 

At any time and from time to time after the execution and delivery of this Indenture, the Trustee shall authenticate and make available
for delivery: (1) (a) 2019 Initial Notes for original issue on the Issue Date in an aggregate principal amount of $700,000,000 and (b) 2021 Initial Notes for original issue on the Issue Date in an aggregate principal amount of
$800,000,000, (2) subject to the terms of this Indenture, Additional Notes for original issue in an unlimited principal amount, and (3) under the circumstances set forth in Section 2.6(e), Initial Notes in the form of a Global Note
without a Restricted Notes Legend, in each case upon a written order of the Company signed by one Officer (the “Company Order”). Such Company Order shall specify whether the Notes will be in the form of Definitive Notes or Global
Notes, the amount of the Notes to be authenticated, the date on which the original issue of Notes is to be authenticated, the holder of the Notes and whether the Notes are to be Initial Notes or Additional Notes. 

The Trustee may appoint an agent (the “Authenticating Agent”) reasonably acceptable to the Company to authenticate the
Notes. Any such appointment shall be evidenced by an instrument signed by a Trust Officer, a copy of which shall be furnished to the Company. Unless limited by the terms of such appointment, any such Authenticating Agent may authenticate Notes
whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by the Authenticating Agent. An Authenticating Agent has the same rights as any Registrar, Paying Agent or agent for service of
notices and demands. 
 In case the Company, pursuant to Article IV, shall be consolidated or merged with or into any other Person or
shall convey, transfer, lease or otherwise dispose of its properties and assets substantially as an entirety to any Person, and the successor Person resulting from such consolidation, or surviving such merger, or into which the Company or any
Guarantor shall have been merged, or the Person which shall have received a conveyance, transfer, lease or other disposition as aforesaid, shall have executed an indenture supplemental hereto with the Trustee pursuant to Article IV, any of the Notes
authenticated or delivered prior to such consolidation, merger, conveyance, transfer, lease or other disposition may (but shall not be required), from time to time, at the request of the successor Person, be exchanged for other Notes executed in the
name of the successor Person with such changes in phraseology and form as may be appropriate 

  
 50 

 
to reflect such successor Person, but otherwise in substance of like tenor as the Notes surrendered for such exchange and of like principal amount; and the Trustee, upon the Company Order of the
successor Person, shall authenticate and make available for delivery Notes as specified in such order for the purpose of such exchange. If Notes shall at any time be authenticated and delivered in any new name of a successor Person pursuant to this
Section 2.2 in exchange or substitution for or upon registration of transfer of any Notes, such successor Person, at the option of the Holders but without expense to them, shall provide for the exchange of all Notes at the time outstanding for Notes
authenticated and delivered in such new name. 
 Section 2.3. Registrar and Paying Agent. The Company shall maintain an
office or agency where Notes may be presented for registration of transfer or for exchange (the “Registrar”) and an office or agency where Notes may be presented for payment. The Registrar shall keep a register of the
Notes and of their transfer and exchange (the “Notes Register”). The Company may have one or more co-registrars and one or more additional paying agents. The term “Paying Agent” includes any additional paying
agent and the term “Registrar” includes any co-registrar. 
 The Company shall enter into an appropriate agency agreement
with any Registrar or Paying Agent not a party to this Indenture, which shall incorporate the terms of the TIA. The agreement shall implement the provisions of this Indenture that relate to such agent. The Company shall notify the Trustee in writing
of the name and address of each such agent. If the Company fails to maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.7. The Company or any Guarantor
may act as Paying Agent, Registrar or transfer agent. 
 The Company initially appoints The Depository Trust Company
(“DTC”) to act as Depositary with respect to the Global Notes. The Company initially appoints the Trustee as the Registrar and Paying Agent for the Notes and the Company may remove any Registrar or Paying Agent without
prior notice to the Holders, but upon written notice to such Registrar or Paying Agent and to the Trustee; provided, however, that no such removal shall become effective until (i) acceptance of any appointment by a successor as
evidenced by an appropriate agreement entered into by the Company and such successor Registrar or Paying Agent, as the case may be, and delivered to the Trustee and the passage of any waiting or notice periods required by DTC procedures or
(ii) written notification to the Trustee that the Trustee shall serve as Registrar or Paying Agent until the appointment of a successor in accordance with clause (i) above. The Registrar or Paying Agent may resign at any time upon written
notice to the Company and the Trustee. 
 Section 2.4. Paying Agent to Hold Money in Trust. Prior to 10:00 a.m.
New York City time, on each due date on which the principal of, premium, if any, or interest on any Note is due and payable, the Company shall deposit with the Paying Agent a sum sufficient in immediately available funds to pay such principal,
premium or interest when due. The Company shall require the Paying Agent (other than the Trustee) to agree in writing that such Paying Agent shall hold in trust for the benefit of Holders or the Trustee all money held by such Paying Agent for the
payment of principal of, premium, if any, or interest on the Notes (whether such assets have been distributed to it by the Company or other obligors on the Notes), shall notify the Trustee in writing of any default by the Company or any Guarantor in
making any such payment and shall  

  
 51 

 
during the continuance of any default by the Company (or any other obligor upon the Notes) in the making of any payment in respect of the Notes, upon the written request of the Trustee, forthwith
deliver to the Trustee all sums held in trust by such Paying Agent for payment in respect of the Notes together with a full accounting thereof. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by
it as Paying Agent and hold it as a separate trust fund. The Company at any time may require a Paying Agent (other than the Trustee) to pay all money held by it to the Trustee and to account for any funds or assets disbursed by such Paying Agent.
Upon complying with this Section 2.4, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money delivered to the Trustee. Upon any bankruptcy, reorganization or similar proceeding with
respect to the Company, the Trustee shall serve as Paying Agent for the Notes. 
 Section 2.5. Holder Lists. The Trustee shall
preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Holders and shall otherwise comply with TIA Section 312(a). If the Trustee is not the Registrar, or to the extent
otherwise required under the TIA, the Company, on its own behalf and on behalf of each of the Guarantors, shall furnish or cause the Registrar to furnish to the Trustee, in writing at least five Business Days before each interest payment date and at
such other times as the Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of Holders and the Company shall otherwise comply with TIA Section 312(a). 

Section 2.6. Transfer and Exchange.  

(a) A Holder may transfer a Note (or a beneficial interest therein) to another Person or exchange a Note (or a beneficial interest therein)
for another Note or Notes of the same series of any authorized denomination by presenting to the Trustee a written request therefor stating the name of the proposed transferee or requesting such an exchange, accompanied by any certification, opinion
or other document required by this Section 2.6. The Trustee will promptly register any transfer or exchange that meets the requirements of this Section 2.6 by noting the same in the Notes Register maintained by the Trustee for the purpose, and no
transfer or exchange will be effective until it is registered in such Notes Register. The transfer or exchange of any Note of a series (or a beneficial interest therein) may only be made in accordance with this Section 2.6 and Section 2.1(g) and
2.1(h), as applicable, and, in the case of a Global Note (or a beneficial interest therein), the applicable rules and procedures of DTC, Euroclear and Clearstream. The Trustee shall refuse to register any requested transfer or exchange that does not
comply with this paragraph. 
 (b) Transfers of Rule 144A Notes. The following provisions shall apply with respect to any proposed
registration of transfer of a Rule 144A Note prior to the date that is one year after the later of the date of its original issue and the last date on which the Company or any Affiliate of the Company was the owner of such Notes (or any predecessor
thereto) (the “Resale Restriction Termination Date”): 
 (1) a registration of transfer of a Rule 144A Note
or a beneficial interest therein to a QIB shall be made upon the representation of the transferee in the form as set forth on the reverse of the Note that it is purchasing for its own account or an account

  
 52 

 
with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A, and is aware
that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that
it is aware that the transferor is relying upon its foregoing representations in order to claim the exemption from registration provided by Rule 144A; provided that no such written representation or other written certification shall be
required in connection with the transfer of a beneficial interest in the Rule 144A Global Note to a transferee in the form of a beneficial interest in that Rule 144A Global Note in accordance with this Indenture and the applicable procedures of DTC.

 (2) a registration of transfer of a Rule 144A Note or a beneficial interest therein to an IAI or an AI shall be made upon
receipt by the Registrar or its agent of a certificate substantially in the form set forth in Section 2.8 or Section 2.10, respectively, from the proposed transferee and the delivery of an Opinion of Counsel, certification and/or other information
satisfactory to it; and 
 (3) a registration of transfer of a Rule 144A Note or a beneficial interest therein to a Non-U.S.
Person who takes delivery in the form of an interest in a Regulation S Note, whether before or after the expiration of the Restricted Period, shall be made upon receipt by the Registrar, the Trustee or their respective agents of a certificate
substantially in the form set forth in Section 2.9 from the proposed transferee and the delivery of an Opinion of Counsel, certification and/or other information satisfactory to it. 

(c) Transfers of Regulation S Notes. The following provisions shall apply with respect to any proposed transfer of a Regulation
S Note prior to the expiration of the Restricted Period: 
 (1) a transfer of a Regulation S Note or a beneficial
interest therein to a QIB who takes delivery in the form of an interest in a Rule 144A Note shall be made upon the representation of the transferee, in the form of assignment on the reverse of the certificate, that it is purchasing the Note for its
own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A, is aware that the sale to it is being made in
reliance on Rule 144A and acknowledges that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information and that it is aware that the transferor is
relying upon its foregoing representations in order to claim the exemption from registration provided by Rule 144A; 
 (2) a
transfer of a Regulation S Note or a beneficial interest therein to an IAI or an AI shall be made upon receipt by the Registrar or its agent of a certificate substantially in the form set forth in Section 2.8 or Section 2.10, respectively, from the
proposed transferee and the delivery of an Opinion of Counsel, certification and/or other information satisfactory to the Company; and 

  
 53 

 (3) a transfer of a Regulation S Note or a beneficial interest therein to a
Non-U.S. Person shall be made upon receipt by the Registrar or its agent of a certificate substantially in the form set forth in Section 2.9 hereof from the proposed transferee and receipt by the Registrar or its agent of an Opinion of Counsel,
certification and/or other information satisfactory to the Company. 
 (d) Restricted Notes Legend. Upon the transfer,
exchange or replacement of Notes not bearing a Restricted Notes Legend, the Registrar shall deliver Notes that do not bear a Restricted Notes Legend. Upon the transfer, exchange or replacement of Notes bearing a Restricted Notes Legend, the
Registrar shall deliver only Notes that bear a Restricted Notes Legend unless (1) an Initial Note is being transferred pursuant to an effective registration statement, (2) Initial Notes are being exchanged for Notes that do not bear the
Restricted Notes Legend in accordance with (e) or (3) there is delivered to the Registrar an Opinion of Counsel satisfactory to it stating that neither such legend nor the related restrictions on transfer are required in order to maintain
compliance with the provisions of the Securities Act. Any Additional Notes sold in a registered offering shall not be required to bear the Restricted Notes Legend. 

(e) If the Company determines (upon the advice of counsel and such other certifications and evidence as the Company may reasonably require)
that a Note is eligible for resale pursuant to Rule 144 under the Securities Act (or a successor provision), without the need for current public information or that the Restricted Notes Legend is no longer necessary or appropriate in order to ensure
that subsequent transfers of the Note (or a beneficial interest therein) are effected in compliance with the Securities Act, the Company may instruct the Trustee to cancel the Note and issue to the Holder thereof (or to its transferee) a new Note of
like tenor and amount, registered in the name of the Holder thereof (or its transferee), that does not bear the Restricted Notes Legend, and the Trustee will comply with such instruction. 

(f) Retention of Written Communications. The Registrar shall retain copies of all letters, notices and other written
communications received pursuant to Section 2.1 or this Section 2.6. The Company shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of reasonable prior
written notice to the Registrar. 
 (g) Obligations with Respect to Transfers and Exchanges of Notes. To permit
registrations of transfers and exchanges, the Company shall, subject to the other terms and conditions of this Article II, execute and the Trustee shall authenticate Definitive Notes and Global Notes at the Company’s and Registrar’s
written request. 
 No service charge shall be made to a Holder for any registration of transfer or exchange, but the Company may
require the Holder to pay a sum sufficient to cover any transfer tax assessments or similar governmental charge payable in connection therewith (other than any such transfer taxes, assessments or similar governmental charges payable upon exchange or
transfer pursuant to Section 2.2, 2.6, 2.11, 2.13, 3.5, 5.6 or 9.5). 
 The Company (and the Registrar) shall not be required to register
the transfer of or exchange of any Note (A) for a period beginning (1) 15 calendar days before the delivery of a notice of an offer to repurchase or redeem Notes and ending at the close of business on the day

  
 54 

 
of such delivery or (2) 15 calendar days before an interest payment date and ending on such interest payment date or (B) called for redemption, except the unredeemed portion of any Note
being redeemed in part. 
 Prior to the due presentation for registration of transfer of any Note, the Company, the Trustee, the Paying
Agent or the Registrar may deem and treat the person in whose name a Note is registered as the owner of such Note for the purpose of receiving payment of principal, of premium, if any, and (subject to paragraph 2 of the reverse side of the forms of
Notes attached hereto as Exhibits A-1 and A-2) interest on such Note and for all other purposes whatsoever, including without limitation the transfer or exchange of such Note, whether or not such Note is overdue, and none of the Company, the
Trustee, the Paying Agent or the Registrar shall be affected by notice to the contrary. 
 Any Definitive Note delivered in exchange for an
interest in a Global Note pursuant to Section 2.1(h) shall, except as otherwise provided by (d), bear the applicable legend regarding transfer restrictions applicable to the Definitive Note set forth in Section 2.1(d). 

All Notes issued upon any transfer or exchange pursuant to the terms of this Indenture shall evidence the same debt and shall be entitled to
the same benefits under this Indenture as the Notes surrendered upon such transfer or exchange. 
 (h) No Obligation of the
Trustee. The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a participant in, DTC or other Person with respect to the accuracy of the records of DTC or its nominee or of any
participant or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial owner or other Person (other than DTC) of any notice (including any notice of redemption or
purchase) or the payment of any amount or delivery of any Notes (or other security or property) under or with respect to such Notes. All notices and communications to be given to the Holders and all payments to be made to Holders in respect of the
Notes shall be given or made only to or upon the order of the registered Holders (which shall be DTC or its nominee in the case of a Global Note). The rights of beneficial owners in any Global Note shall be exercised only through DTC subject to the
applicable rules and procedures of DTC. The Trustee may rely and shall be fully protected in relying upon information furnished by DTC with respect to its members, participants and any beneficial owners. 

The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under
this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among DTC participants, members or beneficial owners in any Global Note) other than to require delivery of such
certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express
requirements hereof. Neither the Trustee nor any of its agents shall have any responsibility for any actions taken or not taken by DTC. 

Section 2.7. [Reserved].  

  
 55 

 Section 2.8. Form of Certificate to be Delivered in Connection with Transfers to
IAIs. 
 [Date] 
 OneMain Financial
Holdings, Inc. 
 300 St. Paul Place 
 Baltimore, MD 21202 

Attention: Oona Robinson and Office of the General Counsel 
 The
Bank of New York Mellon 
 101 Barclay Street, 7 West 
 New
York, NY 10286 
 Attention: Corporate Trust Administration 
  

	 	Re:	OneMain Financial Holdings, Inc. (the “Company”) 

 Ladies and Gentlemen: 

This certificate is delivered to request a transfer of [$[—] principal amount of
the 6.75% Senior Notes due 2019] [$[—] principal amount of the 7.25% Senior Notes due 2021] (the “Notes”) of OneMain Financial Holdings, Inc. (the “Company”).

 Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows: 

 

					
	 Name:
		  
		

					
			
	 Address:
		  
		

					
			
	 Taxpayer ID Number:
		  
		

 The undersigned represents and warrants to you that: 

1. We are an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the
Securities Act of 1933, as amended (the “Securities Act”)) purchasing for our own account or for the account of such an institutional “accredited investor” of at least $250,000 principal amount of the Notes, and we are
acquiring the Notes not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. We have such knowledge and experience in financial and business matters as to be capable of evaluating the merits
and risk of our investment in the Notes and we invest in or purchase securities similar to the Notes in the normal course of our business. We and any accounts for which we are acting are each able to bear the economic risk of our or its
investment. 
 2. We understand that the Notes have not been registered under the Securities Act and, unless so registered, may not
be sold except as permitted in the following sentence. We agree on our own behalf and on behalf of any investor account for which we are purchasing Notes to offer, sell or otherwise transfer such Notes prior to the date that is one year after the
later of the date of original issue and the last date on which the Company or any affiliate of the Company was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction

  
 56 

 
Termination Date”) only (a) to the Company or any Subsidiary thereof, (b) pursuant to an effective registration statement under the Securities Act, (c) in a transaction
complying with the requirements of Rule 144A under the Securities Act, to a person we reasonably believe is a “qualified institutional buyer” under Rule 144A of the Securities Act (a “QIB”) that is purchasing for its own
account or for the account of a QIB and to whom notice is given that the transfer is being made in reliance on Rule 144A, (d) pursuant to offers and sales to non-U.S. persons that occur outside the United States within the meaning of Regulation
S under the Securities Act, (e) to an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act that is purchasing for its own account or for the account of such an
institutional “accredited investor,” in each case in a minimum principal amount of Notes of $250,000 for investment purposes and not with a view to or for offer or sale in connection with any distribution in violation of the Securities Act
or (f) pursuant to any other available exemption from the registration requirements of the Securities Act, subject in each of the foregoing cases to any requirement of law that the disposition of our property or the property of such investor
account or accounts be at all times within our or their control and in compliance with any applicable state securities laws. The foregoing restrictions on resale will not apply subsequent to the Resale Restriction Termination Date. If any resale or
other transfer of the Notes is proposed to be made pursuant to clause (e) above prior to the Resale Restriction Termination Date, the transferor shall deliver a letter from the transferee substantially in the form of this letter to the Company
and the Trustee, which shall provide, among other things, that the transferee is an institutional “accredited investor” (within the meaning of Rule 501(a)(1), (2), (3) or (7) under the Securities Act) and that it is acquiring
such Notes for investment purposes and not for distribution in violation of the Securities Act. Each purchaser acknowledges that the Company and the Trustee reserve the right prior to any offer, sale or other transfer prior to the Resale Restriction
Termination Date of the Notes pursuant to clauses (d), (e) or (f) above to require the delivery of an opinion of counsel, certifications and/or other information satisfactory to the Company. 

3. We [are][are not] an Affiliate of the Company. 

 

			
		
	TRANSFEREE:	 	  

			
		
	BY:	 	  

 Section 2.9. Form of Certificate to be Delivered in Connection with Transfers Pursuant to
Regulation S. 
 [Date] 
 OneMain Financial
Holdings, Inc. 
 300 St. Paul Place 
 Baltimore, MD 21202 

Attention: Oona Robinson and Office of the General Counsel 
 The
Bank of New York Mellon 
 101 Barclay Street, 7 West 
 New
York, NY 10286 
 Attention: Corporate Trust Administration 

  
 57 

	 	Re:	OneMain Financial Holdings, Inc. (the “Company”) 

 [6.75% Senior Notes due
2019][7.25% Senior Notes due 2021](the “Notes”) 
 Ladies and Gentlemen: 

In connection with our proposed sale of $[            ] aggregate principal
amount of the Notes, we confirm that such sale has been effected pursuant to and in accordance with Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, we represent
that: 
 (a) the offer of the Notes was not made to a person in the United States; 

(b) either (i) at the time the buy order was originated, the transferee was outside the United States or we and any person
acting on our behalf reasonably believed that the transferee was outside the United States or (ii) the transaction was executed in, on or through the facilities of a designated off-shore securities market and neither we nor any person acting on
our behalf knows that the transaction has been pre-arranged with a buyer in the United States; 
 (c) no directed selling
efforts have been made in the United States in contravention of the requirements of Rule 903(a)(2) or Rule 904(a)(2) of Regulation S, as applicable; and 

(d) the transaction is not part of a plan or scheme to evade the registration requirements of the Securities Act. 

In addition, if the sale is made during a restricted period and the provisions of Rule 903(b)(2), Rule 903(b)(3) or Rule 904(b)(1) of
Regulation S are applicable thereto, we confirm that such sale has been made in accordance with the applicable provisions of Rule 903(b)(2), Rule 903(b)(3) or Rule 904(b)(1), as the case may be. We further confirm that such sale has been made in
accordance with applicable Canadian provincial securities laws. 
 We also hereby certify that we [are][are not] an Affiliate of the Company
and, to our knowledge, the transferee of the Notes [is][is not] an Affiliate of the Company. [If the transfer is requested prior to the expiration of the Restricted Period: We also certify, to our knowledge, that the transferee is not a U.S. person
or in the United States (as such terms are defined in Regulation S.)] 
 The Trustee and the Company are entitled to conclusively rely upon
this letter and are irrevocably authorized to produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. Terms used in this certificate have
the meanings set forth in Regulation S. 
  

			
	 Very truly yours,
  

[Name of Transferor]

		
	By:		  

			Authorized Signature

  
 58 

 Section 2.10. Form of Certificate to be Delivered in Connection with Transfers to
AIs.
 [Date] 
 OneMain Financial Holdings,
Inc. 
 300 St. Paul Place 
 Baltimore, MD 21202 

Attention: Oona Robinson and Office of the General Counsel 
 The
Bank of New York Mellon 
 101 Barclay Street, 7 West 
 New
York, NY 10286 
 Attention: Corporate Trust Administration 
  

	 	Re:	OneMain Financial Holdings, Inc. (the “Company”) 

 Ladies and Gentlemen: 

This certificate is delivered to request a transfer of [$[—] principal amount of
the 6.75% Senior Notes due 2019][$[—] principal amount of the 7.25% Senior Notes due 2021] (the “Notes”) of OneMain Financial Holdings, Inc. (the “Company”).

 Upon transfer, the Notes would be registered in the name of the new beneficial owner as follows: 

 

					
	Name:		  
		

					
			
	Address:		  
		

					
			
	Taxpayer ID Number:		  
		

 The undersigned represents and warrants to you that: 

4. I am an “accredited investor” (as defined in Rule 501(a)(4) under the U.S. Securities Act of 1933, as amended (the
“Securities Act”)) and I am acquiring the Notes not with a view to, or for offer or sale in connection with, any distribution in violation of the Securities Act. I have such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risk of my investment in the Notes and I invest in or purchase securities similar to the Notes in the normal course of my business. I am able to bear the economic risk of my investment. 

  
 59 

 5. I understand that the Notes have not been registered under the Securities Act and,
unless so registered, may not be sold except as permitted in the following sentence. I agree on my own behalf to offer, sell or otherwise transfer such Notes prior to the date that is one year after the later of the date of original issue and the
last date on which the Company or any affiliate of the Company was the owner of such Notes (or any predecessor thereto) (the “Resale Restriction Termination Date”) only (a) to the Company or any Subsidiary thereof,
(b) pursuant to an effective registration statement under the Securities Act, (c) in a transaction complying with the requirements of Rule 144A under the Securities Act, to a person I reasonably believe is a “qualified institutional
buyer” under Rule 144A of the Securities Act (a “QIB”) that is purchasing for its own account or for the account of a QIB and to whom notice is given that the transfer is being made in reliance on Rule 144A, (d) pursuant
to offers and sales to non-U.S. persons that occur outside the United States within the meaning of Regulation S under the Securities Act, (e) to an institutional “accredited investor” within the meaning of Rule 501(a)(1), (2),
(3) or (7) under the Securities Act that is purchasing for its own account or for the account of such an institutional “accredited investor,” in each case in a minimum principal amount of Notes of $200,000 for investment purposes
and not with a view to or for offer or sale in connection with any distribution in violation of the Securities Act or (f) pursuant to any other available exemption from the registration requirements of the Securities Act, subject in each of the
foregoing cases to any requirement of law that the disposition of my property be at all times within my control and in compliance with any applicable state securities laws. The foregoing restrictions on resale will not apply subsequent to the Resale
Restriction Termination Date. Each purchaser acknowledges that the Company and the Trustee reserve the right prior to any offer, sale or other transfer prior to the Resale Restriction Termination Date of the Notes pursuant to clauses (d),
(e) or (f) above to require the delivery of an opinion of counsel, certifications and/or other information satisfactory to the Company. 

6. I understand and acknowledge that upon the issuance thereof, and until such time as the same is no longer required under applicable
requirements of the Securities Act or state securities laws, the Notes that I acquire will be certificated Notes that will bear, and all certificates issued in exchange therefor or in substitution thereof will bear, a restrictive legend set forth in
Section 2.1(d) of the Indenture. 
 7. I [am][am not] an Affiliate of the Company. 

 

			
	TRANSFEREE:	 	  

			
		
	BY:	 	  

 Section 2.11. Mutilated, Destroyed, Lost or Stolen Notes. 

If a mutilated Note is surrendered to the Registrar or if the Holder of a Note claims that the Note has been lost, destroyed or wrongfully
taken, the Company shall issue and the Trustee shall authenticate a replacement Note if the requirements of Section 8-405 of the Uniform Commercial Code are met, such that the Holder (a) satisfies the Company and the Trustee that such Note
has been lost, destroyed or wrongfully taken within a reasonable time after such Holder has notice of such loss, destruction or wrongful taking and the Registrar has not registered a transfer prior to receiving such notification, (b) makes such
request to the Company 

  
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and the Trustee prior to the Note being acquired by a protected purchaser as defined in Section 8-303 of the Uniform Commercial Code (a “protected purchaser”) and
(c) satisfies any other reasonable requirements of the Trustee; provided, however, if after the delivery of such replacement Note, a protected purchaser of the Note for which such replacement Note was issued presents for payment
or registration such replaced Note, the Trustee and/or the Company shall be entitled to recover such replacement Note from the Person to whom it was issued and delivered or any Person taking therefrom, except a protected purchaser, and shall be
entitled to recover upon the security or indemnity provided therefor to the extent of any loss, damage, cost or expense incurred by the Company or the Trustee in connection therewith. Such Holder shall furnish an indemnity bond sufficient in the
judgment of the (i) Trustee to protect the Trustee and (ii) the Company to protect the Company, the Trustee, the Paying Agent and the Registrar, from any loss which any of them may suffer if a Note is replaced, and, in the absence of
notice to the Company, any Guarantor or the Trustee that such Note has been acquired by a protected purchaser, the Company shall execute, and upon receipt of a Company Order, the Trustee shall authenticate and make available for delivery, in
exchange for any such mutilated Note or in lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and principal amount, bearing a number not contemporaneously outstanding. 

In case any such mutilated, destroyed, lost or stolen Note has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Note, pay such Note. 
 Upon the issuance of any new Note under this Section 2.11, the Company may require
that such Holder pay a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of counsel and of the Trustee) in connection therewith. 

Subject to the proviso in the initial paragraph of this Section 2.11, every new Note issued pursuant to this Section 2.11, in lieu of any
mutilated, destroyed, lost or stolen Note shall constitute an original additional contractual obligation of the Company, any Guarantor (if applicable) and any other obligor upon the Notes, whether or not the mutilated, destroyed, lost or stolen Note
shall be at any time enforceable by anyone, and shall be entitled to all benefits of this Indenture equally and proportionately with any and all other Notes duly issued hereunder. 

The provisions of this Section 2.11 are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Notes. 
 Section 2.12. Outstanding Notes. Notes
outstanding at any time are all Notes authenticated by the Trustee except for those cancelled by it, those delivered to it for cancellation, those paid pursuant to Section 2.11 and those described in this Section as not outstanding. A Note does not
cease to be outstanding in the event the Company or an Affiliate of the Company holds the Note; provided, however, that (i) for purposes of determining which are outstanding for consent or voting purposes hereunder, the provisions
of Section 12.6 shall apply and (ii) in determining whether the Trustee shall be protected in making a determination whether the Holders of the requisite principal amount of outstanding Notes are present at a meeting of Holders of Notes for
quorum purposes or have consented to or voted in favor of any request,  

  
 61 

 
demand, authorization, direction, notice, consent, waiver, amendment or modification hereunder, or relying upon any such quorum, consent or vote, only Notes which a Trust Officer of the Trustee
actually knows to be held by the Company or an Affiliate of the Company shall not be considered outstanding. 
 If a Note is replaced
pursuant to Section 2.11 (other than a mutilated Note surrendered for replacement), it ceases to be outstanding unless the Trustee and the Company receive proof satisfactory to them that the replaced Note is held by a protected purchaser. A
mutilated Note ceases to be outstanding upon surrender of such Note and replacement pursuant to Section 2.11. 
 If the Paying Agent
segregates and holds in trust, in accordance with this Indenture, on a Redemption Date or maturity date, money sufficient to pay all principal, premium, if any, and accrued interest payable on that date with respect to the Notes (or portions
thereof) to be redeemed or maturing, as the case may be, and the Paying Agent is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture, then on and after that date such Notes (or portions thereof)
cease to be outstanding and interest on them ceases to accrue. 
 Section 2.13. Temporary Notes. In the event that
Definitive Notes are to be issued under the terms of this Indenture, until such Definitive Notes are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Notes. Temporary Notes shall be substantially in the form,
and shall carry all rights, of Definitive Notes but may have variations that the Company considers appropriate for temporary Notes. Without unreasonable delay, the Company shall prepare and the Trustee shall authenticate Definitive Notes. After the
preparation of Definitive Notes, the temporary Notes shall be exchangeable for Definitive Notes upon surrender of the temporary Notes at any office or agency maintained by the Company for that purpose and such exchange shall be without charge to the
Holder. Upon surrender for cancellation of any one or more temporary Notes, the Company shall execute, and the Trustee shall, upon receipt of a Company Order, authenticate and make available for delivery in exchange therefor, one or more Definitive
Notes representing an equal principal amount of Notes. Until so exchanged, the Holder of temporary Notes shall in all respects be entitled to the same benefits under this Indenture as a Holder of Definitive Notes. 

Section 2.14. Cancellation. The Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and the
Paying Agent shall forward to the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel all Notes surrendered for registration of transfer, exchange, payment or cancellation
and dispose of such Notes in accordance with its internal policies and customary procedures (subject to the record retention requirements of the Exchange Act and the Trustee). If the Company or any Guarantor acquires any of the Notes, such
acquisition shall not operate as a redemption or satisfaction of the Indebtedness represented by such Notes unless and until the same are surrendered to the Trustee for cancellation pursuant to this Section 2.14. The Company may not issue new Notes
to replace Notes it has paid or delivered to the Trustee for cancellation for any reason other than in connection with a transfer or exchange. 

At such time as all beneficial interests in a Global Note have either been exchanged for Definitive Notes, transferred, redeemed, repurchased
or canceled, such Global Note shall be 

  
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returned by DTC to the Trustee for cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for
Definitive Notes, transferred in exchange for an interest in another Global Note, redeemed, repurchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced and an adjustment shall be made on the books and
records of the Trustee (if it is then the Notes Custodian for such Global Note) with respect to such Global Note, by the Trustee or the Notes Custodian, to reflect such reduction. 

Section 2.15. Payment of Interest; Defaulted Interest. Interest on any Note which is payable, and is punctually paid or
duly provided for, on any interest payment date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the regular record date for such payment at the office or agency of the
Company maintained for such purpose pursuant to Section 2.3. Interest on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months. 

Any interest on any Note which is payable, but is not paid when the same becomes due and payable and such nonpayment continues for a
period of 30 days shall forthwith cease to be payable to the Holder on the regular record date, and such defaulted interest and (to the extent lawful) interest on such defaulted interest at the rate borne by the Notes (such defaulted interest and
interest thereon herein collectively called “Defaulted Interest”) shall be paid by the Company, at its election in each case, as provided in clause (a) or (b) below: 

(a) The Company may elect to make payment of any Defaulted Interest to the Persons in whose names the Notes (or their respective
Predecessor Notes) are registered at the close of business on a Special Record Date (as defined below) for the payment of such Defaulted Interest, which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the
amount of Defaulted Interest proposed to be paid on each Note and the date (not less than 30 days after such notice) of the proposed payment (the “Special Interest Payment Date”), and at the same time the Company shall deposit with
the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for such deposit prior to the date of the proposed payment, such money when
deposited to be held in trust for the benefit of the Persons entitled to such Defaulted Interest as in this Section 2.15(a). Thereupon the Company shall fix a record date (the “Special Record Date”) for the payment of such Defaulted
Interest, which date shall be not more than 20 calendar days and not less than 15 calendar days prior to the Special Interest Payment Date and not less than 10 calendar days after the receipt by the Trustee of the notice of the proposed payment. The
Company shall promptly notify the Trustee in writing of such Special Record Date, and in the name and at the expense of the Company, the Trustee shall cause notice of the proposed payment of such Defaulted Interest and the Special Record Date and
Special Interest Payment Date therefor to be given in the manner provided for in Section 12.2, not less than 10 calendar days prior to such Special Record Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date
and Special Interest Payment Date therefor having been so given, such Defaulted Interest shall be paid on the Special Interest Payment Date to the Persons in whose names the Notes (or their respective Predecessor Notes) are registered at the close
of business on such Special Record Date and shall no longer be payable pursuant to the provisions in Section 2.15(b). 

  
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 (b) The Company may make payment of any Defaulted Interest in any other lawful manner not
inconsistent with the requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, if, after written notice given by the Company to the Trustee of the proposed payment pursuant
to this Section 2.15(b), such manner of payment shall be deemed practicable by the Trustee. 
 Subject to the foregoing provisions of this
Section 2.15, each Note delivered under this Indenture upon registration of, transfer of or in exchange for or in lieu of any other Note shall carry the rights to interest accrued and unpaid, and to accrue, which were carried by such other Note.

 Section 2.16. CUSIP and ISIN Numbers. The Company in issuing the Notes may use “CUSIP” and “ISIN”
numbers and, if so, the Trustee shall use “CUSIP and “ISIN” numbers in notices of redemption or purchase as a convenience to Holders; provided, however, that any such notice may state that no representation is made as to
the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption or purchase and that reliance may be placed only on the other identification numbers printed on the Notes, and any such redemption or
purchase shall not be affected by any defect in or omission of such CUSIP and ISIN numbers. The Company shall promptly notify the Trustee in writing of any change in the CUSIP and ISIN numbers. 

ARTICLE III 
 COVENANTS 

Section 3.1. Payment of Notes. The Company shall promptly pay the principal of, premium, if any, and interest on the Notes
on the dates and in the manner provided in the Notes and in this Indenture. Principal, premium, if any, and interest shall be considered paid on the date due if by 10:00 a.m. Eastern time on such date the Trustee or the Paying Agent holds in
accordance with this Indenture money sufficient to pay all principal, premium, if any, and interest then due and the Trustee or the Paying Agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to
the terms of this Indenture. 
 The Company shall pay interest on overdue principal at the rate specified therefor in the Notes, and
it shall pay interest on overdue installments of interest at the same rate to the extent lawful. 
 Notwithstanding anything to the contrary
contained in this Indenture, the Company may, to the extent it is required to do so by law, deduct or withhold income or other similar taxes imposed by the United States of America from principal or interest payments hereunder. 

Section 3.2. Limitation on Indebtedness. 

(a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, Incur any Indebtedness (including Acquired
Indebtedness); provided, however, that the Company and any of the Guarantors may Incur Non-Funding Indebtedness, if on the date of such Incurrence and after giving pro forma effect thereto (including pro forma application of the
proceeds thereof), the Consolidated Non-Funding Debt to Tangible Equity Ratio of the Company and its Restricted Subsidiaries is not greater than 1.75 to 1.00. 

  
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 (b) Section 3.2(a) will not prohibit the Incurrence of the following Indebtedness
(collectively, “Permitted Debt”): 
 (1) Indebtedness Incurred pursuant to any Credit Facility (including
letters of credit or bankers’ acceptances issued or created under any Credit Facility), and any Refinancing Indebtedness in respect thereof and Guarantees in respect of such Indebtedness in a maximum aggregate principal amount at any time
outstanding not exceeding (i) the greater of $300.0 million or, if the Consolidated Non-Funding Debt to Tangible Equity Ratio of the Company and its Restricted Subsidiaries is not greater than 1.75 to 1.00, 5.0% of Total Assets, otherwise 3.0%
of Total Assets, plus (ii) in the case of any refinancing of any Indebtedness permitted under this clause or any portion thereof, the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses Incurred in connection
with such refinancing; 
 (2) Guarantees by the Company or any Restricted Subsidiary (other than a Securitization Entity) of
Indebtedness of the Company or any Restricted Subsidiary (other than a Securitization Entity) so long as the Incurrence of such Indebtedness is permitted under the terms of this Indenture; 

(3) Indebtedness of the Company owing to and held by any Restricted Subsidiary or Indebtedness of a Restricted Subsidiary owing
to and held by the Company or any Restricted Subsidiary (in each case, other than a Securitization Entity); provided, however, that: 

(i) any subsequent issuance or transfer of Capital Stock or any other event which results in any such Indebtedness being
beneficially held by a Person other than the Company or a Restricted Subsidiary (other than a Securitization Entity) of the Company; and 

(ii) any sale or other transfer of any such Indebtedness to a Person other than the Company or a Restricted Subsidiary of the
Company, 
 shall be deemed, in each case, to constitute an Incurrence of such Indebtedness by the Company or such Restricted Subsidiary, as
the case may be; 
 (4) Indebtedness represented by (i) the Notes (other than any Additional Notes), including any
Guarantee thereof, (ii) any Indebtedness (other than Indebtedness incurred pursuant to Section 3.2(b)(1) and Section 3.2(b)(3)) outstanding on the Issue Date, (iii) Refinancing Indebtedness (including, in the case of the Notes (other than
any Additional Notes), any Guarantee thereof) Incurred in respect of any Indebtedness described in this clause or clauses (5), (6), (7), (9), (10) or (15) of this Section 3.2(b) or Incurred pursuant to Section 3.2(a), and (iv) Management
Advances; 
 (5) Indebtedness of (x) the Company or any Restricted Subsidiary Incurred or issued to finance an
acquisition or (y) Persons that are acquired by the Company or any 

  
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Restricted Subsidiary or merged into or consolidated with the Company or a Restricted Subsidiary in accordance with the terms of this Indenture; provided that after giving effect to such
acquisition, merger or consolidation, either 
 (i) the Company would be permitted to Incur at least $1.00 of additional
Indebtedness pursuant to the Consolidated Non-Funding Debt to Tangible Equity Ratio test set forth in (a); 
 (ii) the
Consolidated Non-Funding Debt to Tangible Equity Ratio of the Company and its Restricted Subsidiaries would not be greater than immediately prior to such acquisition, merger or consolidation; or 

(iii) such Indebtedness constitutes Acquired Indebtedness (other than Indebtedness Incurred in contemplation of the transaction
or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was otherwise acquired by the Company or a Restricted Subsidiary); provided that the only obligors with respect to such Indebtedness shall be
those Persons who were obligors of such Indebtedness prior to such acquisition, merger or consolidation; 
 (6) Hedging
Obligations (excluding Hedging Obligations entered into for speculative purposes); 
 (7) Indebtedness represented by
Capitalized Lease Obligations or Purchase Money Obligations in an aggregate outstanding principal amount which, when taken together with the principal amount of all other Indebtedness Incurred pursuant to this clause and then outstanding and any
Refinancing Indebtedness in respect thereof, does not exceed the greater of (i) $40.0 million and (ii) 1.0% of Total Assets at the time of Incurrence; 

(8) Indebtedness in respect of (i) workers’ compensation claims, self-insurance obligations, performance, indemnity,
surety, judgment, appeal, advance payment, customs, value added or other tax or other guarantees or other similar bonds, instruments or obligations and completion guarantees and warranties provided by the Company or a Restricted Subsidiary or
relating to liabilities, obligations or guarantees Incurred in the ordinary course of business, (ii) the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against insufficient funds in the ordinary
course of business; provided, however, that such Indebtedness is extinguished within five Business Days of Incurrence; (iii) customer deposits and advance payments received in the ordinary course of business from customers for
goods or services purchased in the ordinary course of business; (iv) letters of credit, bankers’ acceptances, guarantees or other similar instruments or obligations issued or relating to liabilities or obligations Incurred in the ordinary
course of business, and (v) any customary cash management, cash pooling or netting or setting off arrangements in the ordinary course of business; 

(9) Indebtedness arising from agreements providing for guarantees, indemnification, obligations in respect of earn-outs or
other adjustments of purchase price 

  
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or similar obligations, in each case, Incurred or assumed in connection with the acquisition or disposition of any business or assets, Person or any Capital Stock of a Subsidiary; 

(10) Indebtedness in an aggregate outstanding principal amount which, when taken together with any Refinancing Indebtedness in
respect thereof and the principal amount of all other Indebtedness Incurred pursuant to this clause and then outstanding, will not exceed 100% of the Net Cash Proceeds received by the Company from the issuance or sale (other than to a Subsidiary) of
its Capital Stock (other than Disqualified Stock or an Excluded Contribution) or otherwise contributed to the equity (other than through the issuance of Disqualified Stock or an Excluded Contribution) of the Company, in each case, subsequent to the
Issue Date; provided, however, that (i) any such Net Cash Proceeds that are so received or contributed shall not increase the amount available for making Restricted Payments to the extent the Company and its Restricted
Subsidiaries Incur Indebtedness in reliance thereon and (ii) any Net Cash Proceeds that are so received or contributed shall be excluded for purposes of Incurring Indebtedness pursuant to this clause to the extent the Company or any of its
Restricted Subsidiaries make a Restricted Payment; 
 (11) Indebtedness consisting of promissory notes issued by the Company
or any of its Subsidiaries to any current or former employee, director or consultant of the Company, any of its Subsidiaries or any of its Parents (or permitted transferees, assigns, estates, or heirs of such employee, director or consultant), to
finance the purchase or redemption of Capital Stock of the Company or any of its Parents that is permitted by Section 3.3; 

(12) Indebtedness of the Company or any of its Restricted Subsidiaries consisting of (i) the financing of insurance
premiums or (ii) take-or-pay obligations contained in supply arrangements, in each case Incurred in the ordinary course of business; 

(13) Permitted Funding Indebtedness; 

(14) to the extent constituting Indebtedness, (i) Indebtedness Incurred solely as a result of or incidental to Standard
Securitization Undertakings, (ii) Indebtedness of a Securitization Entity owed to the Company or a Restricted Subsidiary pursuant to Permitted Credit Enhancement or (iii) Indebtedness arising out of or to fund purchases of all remaining
outstanding asset-backed securities of any Securitization Entity for the purpose of relieving the Company or a Subsidiary of the Company of the administrative expense of servicing such Securitization Entity; 

(15) Indebtedness in an aggregate outstanding principal amount which, when taken together with any Refinancing Indebtedness in
respect thereof and the principal amount of all other Indebtedness Incurred pursuant to this clause and then outstanding, will not exceed $100.0 million; 

  
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 (16) Indebtedness consisting of the “Dividend Note” described in the
Offering Memorandum under “Certain Relationships and Related Party Transactions”; and 
 (17) Permitted Sale
Leaseback Transactions. 
 (c) For purposes of determining compliance with, and the outstanding principal amount of any particular
Indebtedness Incurred pursuant to and in compliance with, this Section 3.2: 
 (1) in the event that all or any portion of
any item of Indebtedness meets the criteria of more than one of the types of Indebtedness set forth in Section 3.2(a) and (b), the Company, in its sole discretion, will classify such Indebtedness and only be required to include the amount and type
of such Indebtedness in one of the clauses of (a) or (b); 
 (2) additionally, all or any portion of any item of Indebtedness
may later be reclassified as having been Incurred pursuant to any type of Indebtedness set forth in Section 3.2(a) and (b) so long as such Indebtedness is permitted to be Incurred pursuant to such provision and any related Liens are permitted to be
Incurred at the time of reclassification; 
 (3) Guarantees of, or obligations in respect of letters of credit, bankers’
acceptances or other similar instruments relating to, or Liens securing, Indebtedness that is otherwise included in the determination of a particular amount of Indebtedness shall not be included; 

(4) if obligations in respect of letters of credit, bankers’ acceptances or other similar instruments are Incurred
pursuant to any Credit Facility and are being treated as Incurred pursuant to Section 3.2(a) or clause (1), (7) or (10) of Section 3.2(b) and the letters of credit, bankers’ acceptances or other similar instruments relate to other
Indebtedness, then such other Indebtedness shall not be included; 
 (5) the principal amount of any Disqualified Stock of
the Company or a Restricted Subsidiary, or Preferred Stock of a Restricted Subsidiary, will be equal to the greater of the maximum mandatory redemption or repurchase price (not including, in either case, any redemption or repurchase premium) or the
liquidation preference thereof; 
 (6) Indebtedness permitted by this Section 3.2 need not be permitted solely by reference
to one provision permitting such Indebtedness but may be permitted in part by one such provision and in part by one or more other provisions of this Section 3.2 permitting such Indebtedness; and 

(7) the amount of Indebtedness issued at a price that is less than the principal amount thereof will be equal to the amount of
the liability in respect thereof determined on the basis of GAAP. 
 (d) Accrual of interest, accrual of dividends, the accretion of
accreted value, the accretion or amortization of original issue discount, the payment of interest in the form of additional Indebtedness, the payment of dividends in the form of additional shares of Preferred

  
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Stock or Disqualified Stock or the reclassification of commitments or obligations not treated as Indebtedness due to a change in GAAP, will not be deemed to be an Incurrence of Indebtedness for
purposes of this Section 3.2. The amount of any Indebtedness outstanding as of any date shall be (a) the accreted value thereof in the case of any Indebtedness issued with original issue discount and (b) the principal amount of the
Indebtedness, or liquidation preference thereof, in the case of any other Indebtedness. 
 (e) If at any time an Unrestricted Subsidiary
becomes a Restricted Subsidiary, any Indebtedness of such Subsidiary shall be deemed to be Incurred by a Restricted Subsidiary of the Company as of such date (and, if such Indebtedness is not permitted to be Incurred as of such date under this
Section 3.2, the Company shall be in default of this Section 3.2). 
 (f) Notwithstanding any other provision of this Section 3.2, the
maximum amount of Indebtedness that the Company or a Restricted Subsidiary may Incur pursuant to this Section 3.2 shall not be deemed to be exceeded solely as a result of fluctuations in the exchange rate of currencies. The principal amount of any
Indebtedness Incurred to refinance other Indebtedness, if Incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the currency exchange rate applicable to the currencies in which such Refinancing
Indebtedness is denominated that is in effect on the date of such refinancing. 
 (g) The Company shall not, and shall not permit any
Guarantor to, directly or indirectly, Incur any Indebtedness (including Acquired Indebtedness) that is subordinated or junior in right of payment to any Indebtedness of the Company or such Guarantor, as the case may be, unless such Indebtedness is
expressly subordinated in right of payment to the Notes or such Guarantor’s Guarantee to the 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. 

(h) Unsecured Indebtedness shall not be treated as subordinated or junior to secured Indebtedness merely because such Indebtedness is
unsecured. Senior Indebtedness shall not be treated as subordinated or junior to any other senior Indebtedness merely because it has a junior priority with respect to the same collateral or is secured by different collateral. 

Section 3.3. Limitation on Restricted Payments. 

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

(1) declare or pay any dividend or make any distribution on or in respect of the Company’s or any Restricted
Subsidiary’s Capital Stock (including, without limitation, any payment in connection with any merger or consolidation involving the Company or any of its Restricted Subsidiaries) except: 

(i) dividends or distributions payable in Capital Stock of the Company (other than Disqualified Stock) or in options, warrants
or other rights to purchase such Capital Stock; and 
 (ii) dividends or distributions payable to any of the Company or a
Restricted Subsidiary (and, in the case of the Company or any such Restricted 

  
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Subsidiary making such dividend or distribution, to holders of its Capital Stock other than the Company or another Restricted Subsidiary on no more than a pro rata basis); 

(2) purchase, repurchase, redeem, retire or otherwise acquire or retire for value any Capital Stock of the Company or any
Parent of the Company held by Persons other than the Company or a Restricted Subsidiary; 
 (3) purchase, repurchase, redeem,
defease or otherwise acquire or retire for value, prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Subordinated Indebtedness (other than (i) any such purchase, repurchase, redemption, defeasance or other
acquisition or retirement in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case, due within one year of the date of purchase, repurchase, redemption, defeasance or other acquisition or
retirement and (ii) any Indebtedness Incurred pursuant to Section 3.2(b)(3)); or 
 (4) make any Restricted
Investment; 
 (any such dividend, distribution, purchase, redemption, repurchase, defeasance, other acquisition, retirement or Restricted Investment
referred to in clauses (1) through (4) are referred to herein as a “Restricted Payment”), if at the time the Company or such Restricted Subsidiary makes such Restricted Payment: 

(i) a Default shall have occurred and be continuing (or would result immediately thereafter therefrom); 

(ii) the Company is not able to Incur an additional $1.00 of Indebtedness pursuant to Section 3.2(a) after giving effect, on a
pro forma basis, to such Restricted Payment; or 
 (iii) the aggregate amount of such Restricted Payment and all other
Restricted Payments made subsequent to the Issue Date (and not returned or rescinded) (including Permitted Payments permitted by Section 3.3(b)(1) (without duplication of the declaration of the dividend or delivery of a redemption notice), (6),
(10), (11), (17) and (18) (but only with respect to the “Dividend Note” described in the Offering Memorandum under “Certain Relationships and Related Party Transactions”), but excluding all other Restricted Payments permitted by
Section 3.3(b)) would exceed the sum of (without duplication): 
 (A) 50% of Consolidated Net Income for the period (treated
as one accounting period) from the beginning of the fiscal quarter in which the Issue Date occurs to the end of the most recent fiscal quarter ending prior to the date of such Restricted Payment for which internal consolidated financial statements
of the Company are available (or, in the case such Consolidated Net Income is a deficit, minus 100% of such deficit); 
 (B)
100% of the aggregate Net Cash Proceeds, and the fair market value of property or assets or marketable securities, received by the Company and 

  
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the amount by which senior Indebtedness of the Company is reduced on the Company’s balance sheet from the issue or sale of its Capital Stock (other than Disqualified Stock) or as the result
of a merger or consolidation with another Person subsequent to the Issue Date or otherwise contributed to the equity (other than through the issuance of Disqualified Stock) of the Company subsequent to the Issue Date (other than (x) Net Cash
Proceeds or property or assets or marketable securities received from an issuance or sale of such Capital Stock to a Restricted Subsidiary or an employee stock ownership plan or trust established by the Company or any Subsidiary of the Company for
the benefit of their employees to the extent funded by the Company or any Restricted Subsidiary, (y) Net Cash Proceeds or property or assets or marketable securities to the extent that any Restricted Payment has been made from such proceeds in
reliance on Section 3.3(b)(6) and (z) Excluded Contributions); 
 (C) 100% of the aggregate Net Cash Proceeds, and the
fair market value of property or assets or marketable securities, received by the Company or any Restricted Subsidiary from the issuance or sale (other than to the Company or a Restricted Subsidiary of the Company or an employee stock ownership plan
or trust established by the Company or any Subsidiary of the Company for the benefit of their employees to the extent funded by the Company or any Restricted Subsidiary) by the Company or any Restricted Subsidiary subsequent to the Issue Date of any
Indebtedness or Disqualified Stock that has been converted into or exchanged for Capital Stock of the Company (other than Disqualified Stock) plus, without duplication, the amount of any cash, and the fair market value of property or assets or
marketable securities, received by the Company or any Restricted Subsidiary upon such conversion or exchange; 
 (D) 100% of
the aggregate amount received in cash and the fair market value of marketable securities or other property received by means of: (i) the sale or other disposition (other than to the Company or a Restricted Subsidiary) of Restricted Investments
made by the Company or its Restricted Subsidiaries and repurchases and redemptions of such Restricted Investments from the Company or its Restricted Subsidiaries and repayments of loans or advances, and releases of guarantees, which constitute
Restricted Investments by the Company or its Restricted Subsidiaries, in each case after the Issue Date; or (ii) the sale (other than to the Company or a Restricted Subsidiary) of the stock of an Unrestricted Subsidiary or a distribution from
an Unrestricted Subsidiary (other than in each case to the extent of the amount of the Investment in such Unrestricted Subsidiary made by the Company or a Restricted Subsidiary pursuant to Section 3.3(b)(10) or (14) or to the extent of the amount of
the Investment that constituted a Permitted Investment) or a dividend from an Unrestricted Subsidiary after the Issue Date; and 

(E) in the case of the redesignation of an Unrestricted Subsidiary as a Restricted Subsidiary or the merger or consolidation of
an Unrestricted Subsidiary into the Company or a Restricted Subsidiary or the transfer of all or substantially all of the assets of an Unrestricted Subsidiary to the Company or a Restricted 

  
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Subsidiary after the Issue Date, the fair market value of the Investment in such Unrestricted Subsidiary (or the assets transferred), as determined in good faith of the Company at the time of the
redesignation of such Unrestricted Subsidiary as a Restricted Subsidiary or at the time of such merger or consolidation or transfer of assets (after taking into consideration any Indebtedness associated with the Unrestricted Subsidiary so designated
or merged or consolidated or Indebtedness associated with the assets so transferred), other than to the extent of the amount of the Investment in such Unrestricted Subsidiary made by the Company or a Restricted Subsidiary pursuant to Section
3.3(b)(10) or (14) or to the extent of the amount of the Investment that constituted a Permitted Investment. 
 (b) Section 3.3(a) will
not prohibit any of the following (collectively, “Permitted Payments”): 
 (1) the payment of any dividend
or distribution within 60 days after the date of declaration thereof, if at the date of declaration such payment would have complied with the provisions of this Indenture or the redemption, repurchase or retirement of Indebtedness if, at the date of
any irrevocable redemption notice, such payment would have complied with the provisions of this Indenture as if it were and is deemed at such time to be a Restricted Payment at the time of such notice; 

(2) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Capital Stock or Subordinated
Indebtedness made by exchange (including any such exchange pursuant to the exercise of a conversion right or privilege in connection with which cash is paid in lieu of the issuance of fractional shares) for, or out of the proceeds of the
substantially concurrent sale of, Capital Stock of the Company (other than Disqualified Stock) (“Refunding Capital Stock”) or a substantially concurrent contribution to the equity (other than through the issuance of Disqualified
Stock or through an Excluded Contribution) of the Company; provided, however, that to the extent so applied, the Net Cash Proceeds, or fair market value of property or assets or of marketable securities, from such sale of Capital Stock
or such contribution will be excluded from Section 3.3(a)(iii); 
 (3) any purchase, repurchase, redemption, defeasance or
other acquisition or retirement of Subordinated Indebtedness made by exchange for, or out of the proceeds of the substantially concurrent sale of, Refinancing Indebtedness permitted to be Incurred pursuant to Section 3.2; 

(4) any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Preferred Stock of the Company or a
Restricted Subsidiary made by exchange for or out of the proceeds of the substantially concurrent sale of Preferred Stock (other than an issuance of Disqualified Stock of the Company or Preferred Stock of a Restricted Subsidiary to replace Preferred
Stock (other than Disqualified Stock) of the Company) of the Company or a Restricted Subsidiary, as the case may be, that, in each case, is permitted to be Incurred pursuant to Section 3.2; 

  
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 (5) any purchase, repurchase, redemption, defeasance or other acquisition or
retirement of Subordinated Indebtedness or Disqualified Stock or Preferred Stock of a Restricted Subsidiary: 
 (i) from Net
Available Cash to the extent permitted under Section 3.5, but only if the Company shall have first complied with the terms of Section 3.5 and purchased all Notes tendered pursuant to any offer to repurchase all the Notes required thereby, prior to
purchasing, repurchasing, redeeming, defeasing or otherwise acquiring or retiring such Subordinated Indebtedness, Disqualified Stock or Preferred Stock; or 

(ii) to the extent required by the agreement governing such Subordinated Indebtedness, Disqualified Stock or Preferred Stock,
following the occurrence of a Change of Control (or other similar event described therein as a “change of control”), but only if the Company shall have first complied with the terms of Section 3.9 and purchased all Notes tendered pursuant
to the offer to repurchase all the Notes required thereby, prior to purchasing, repurchasing, redeeming, defeasing or otherwise acquiring or retiring such Subordinated Indebtedness, Disqualified Stock or Preferred Stock; or 

(iii) consisting of Acquired Indebtedness (other than Indebtedness Incurred (A) to provide all or any portion of the funds
utilized to consummate the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was otherwise acquired by the Company or a Restricted Subsidiary or (B) otherwise in connection with or
contemplation of such acquisition); 
 (6) a Restricted Payment to pay for the repurchase, retirement or other acquisition or
retirement for value of Capital Stock (other than Disqualified Stock) of the Company or any of its Parents held by any future, present or former employee, director or consultant of the Company, any of its Subsidiaries or any of its Parents (or
permitted transferees, assigns, estates, trusts or heirs of such employee, director or consultant) either pursuant to any management equity plan or stock option plan or any other management or employee benefit plan or agreement or upon the
termination of such employee, director or consultant’s employment or directorship; provided, however, that the aggregate Restricted Payments made under this clause do not exceed $25.0 million in any fiscal year (with unused
amounts in any fiscal year being carried over to succeeding fiscal years subject to a maximum of $40.0 million in any fiscal year); provided further that such amount in any fiscal year may be increased by an amount not to exceed: 

(i) the cash proceeds from the sale of Capital Stock (other than Disqualified Stock) of the Company and, to the extent
contributed to the capital of the Company (other than through the issuance of Disqualified Stock or an Excluded Contribution), Capital Stock of any of the Company’s Parents, in each case to members of management, directors or consultants of the
Company, any of its Subsidiaries or any of its Parents that occurred after the Issue Date, to the extent the cash proceeds from the sale of such Capital Stock have not otherwise been applied to the payment of Restricted Payments by virtue of Section
3.3(a)(4)(iii); plus 

  
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 (ii) the cash proceeds of key man life insurance policies received by the Company
and its Restricted Subsidiaries after the Issue Date; less 
 (iii) the amount of any Restricted Payments made in
previous fiscal years pursuant to clauses (i) and (ii) of this clause (6); 
 and provided further that cancellation of Indebtedness owing to
the Company or any Restricted Subsidiary from members of management, directors, employees or consultants of the Company, or any of its Parents or Restricted Subsidiaries in connection with a repurchase of Capital Stock of the Company or any of its
Parents will not be deemed to constitute a Restricted Payment for purposes of this Section 3.3 or any other provision of this Indenture; 

(7) the declaration and payment of dividends on Disqualified Stock, or Preferred Stock of a Restricted Subsidiary, Incurred in
accordance with the terms of Section 3.2; 
 (8) purchases, repurchases, redemptions, defeasances or other acquisitions or
retirements of Capital Stock deemed to occur upon the exercise of stock options, warrants or other rights in respect thereof if such Capital Stock represents a portion of the exercise price thereof; 

(9) dividends, loans, advances or distributions to any Parent or other payments by the Company or any Restricted Subsidiary in
amounts equal to (without duplication): 
 (i) the amounts required for any Parent to pay any Parent Expenses; 

(ii) distributions in respect of Related Taxes; or 

(iii) amounts constituting or to be used for purposes of making payments to the extent specified in Section 3.8(b)(2), (3) and
(5); 
 (10) the declaration and payment by the Company of dividends on the common stock or common equity interests of the
Company or any Parent following a public offering of such common stock or common equity interests, in an amount not to exceed 6% in any fiscal year of the aggregate proceeds received by or contributed to the Company in or from all such public
offerings; 
 (11) payments by the Company, or loans, advances, dividends or distributions to any Parent to make payments, to
holders of Capital Stock of the Company or any Parent in lieu of the issuance of fractional shares of such Capital Stock; provided, however, that any such payment, loan, advance, dividend or distribution shall not be for the purpose of
evading any limitation of this Section 3.3 or otherwise to facilitate any dividend or other return of capital to the holders of such Capital Stock (as determined in good faith by the Board of Directors of the Company); 

  
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 (12) Restricted Payments that are made with Excluded Contributions; 

(13) the declaration and payment of dividends on Refunding Capital Stock that is Preferred Stock; provided,
however, that for the most recently ended four fiscal quarters for which internal financial statements are available immediately preceding the date of issuance of such Refunding Capital Stock, after giving effect to such issuance on a pro
forma basis the Company would be permitted to Incur at least $1.00 of additional Indebtedness pursuant to the test set forth in Section 3.2(a); 

(14) dividends or other distributions of Capital Stock of, or Indebtedness owed to the Company or a Restricted Subsidiary by,
Unrestricted Subsidiaries (unless the Unrestricted Subsidiary’s principal asset is cash and Cash Equivalents); 
 (15)
beginning with the fiscal year beginning January 1, 2015, other Restricted Payments not to exceed $90.0 million in the aggregate in any one fiscal year; provided, that such Restricted Payment may only be made if, after giving effect to
any such Restricted Payment, on a pro forma basis the Company and its Restricted Subsidiaries would have a Consolidated Equity to Total Assets Ratio of no less than 20%; 

(16) so long as no Default or Event of Default has occurred and is continuing (or would result from), Restricted Payments
(including loans or advances) in an aggregate amount outstanding at the time made not to exceed $75.0 million; 
 (17)
mandatory redemptions of Preferred Stock issued as a Restricted Payment or as consideration for a Permitted Investment; and 

(18) the declaration and payment of the dividend consisting of the issuance of the “Dividend Note” described in the
Offering Memorandum under “Certain Relationships and Related Party Transactions” and the other payments made in connection with agreements and arrangements permitted under Section 3.8(b)(6). 

(c) The amount of all Restricted Payments (other than cash) shall be the fair market value on the date of such Restricted Payment of the
asset(s) or securities proposed to be paid, transferred or issued by the Company or such Restricted Subsidiary, as the case may be, pursuant to such Restricted Payment. The fair market value of any cash Restricted Payment shall be the face amount,
and the fair market value of any non-cash Restricted Payment, property or assets other than cash, in each case over $50.0 million, shall be determined conclusively by the Board of Directors of the Company acting in good faith. 

Section 3.4. Limitation on Restrictions on Distributions from Restricted Subsidiaries. 

(a) The Company shall not, and shall not permit any Restricted Subsidiary to, create or otherwise cause or permit to exist or become effective
any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary to: 
 (1) pay dividends or
make any other distributions in cash or otherwise on its Capital Stock or pay any Indebtedness or other obligations owed to the Company or any Restricted Subsidiary; 

  
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 (2) make any loans or advances to the Company or any Restricted Subsidiary; or

 (3) sell, lease or transfer any of its property or assets to the Company or any Restricted Subsidiary; 

provided that (x) the priority of any Preferred Stock in receiving dividends or liquidating distributions prior to dividends or liquidating
distributions being paid on common stock and (y) the subordination of (including the application of any standstill requirements to) loans or advances made to the Company or any Restricted Subsidiary to other Indebtedness Incurred by the Company
or any Restricted Subsidiary shall not be deemed to constitute such an encumbrance or restriction. 
 (b) Section 3.4(a) shall not
prohibit: 
 (1) any encumbrance or restriction pursuant to (i) any Credit Facilities or (ii) any other agreement
or instrument, in each case, in effect at or entered into on the Issue Date; 
 (2) any encumbrance or restriction pursuant
to this Indenture, the Notes and the Guarantees; 
 (3) any encumbrance or restriction pursuant to applicable law, rule,
regulation or order; 
 (4) any encumbrance or restriction pursuant to an agreement or instrument of a Person or relating to
any Capital Stock or Indebtedness of a Person, entered into on or before the date on which such Person was acquired by or merged, consolidated or otherwise combined with or into the Company or any Restricted Subsidiary, or was designated as a
Restricted Subsidiary or on which such agreement or instrument is assumed by the Company or any Restricted Subsidiary in connection with an acquisition of assets (other than Capital Stock or Indebtedness Incurred as consideration in, or to provide
all or any portion of the funds utilized to consummate, the transaction or series of related transactions pursuant to which such Person became a Restricted Subsidiary or was acquired by the Company or was merged, consolidated or otherwise combined
with or into the Company or any Restricted Subsidiary or entered into in contemplation of or in connection with such transaction) and outstanding on such date; provided that, for the purposes of this clause, if another Person is the Successor
Company, any Subsidiary thereof or agreement or instrument of such Person or any such Subsidiary shall be deemed acquired or assumed by the Company or any Restricted Subsidiary when such Person becomes the Successor Company; 

(5) any encumbrance or restriction: 

(i) that restricts in a customary manner the subletting, assignment or transfer of any property or asset that is subject to a
lease, license or similar contract or agreement, or the assignment or transfer of any lease, license or other contract or agreement; 

  
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 (ii) contained in mortgages, pledges, charges or other security agreements
permitted under this Indenture or securing Indebtedness of the Company or a Restricted Subsidiary permitted under this Indenture to the extent such encumbrances or restrictions restrict the transfer or encumbrance of the property or assets subject
to such mortgages, pledges, charges or other security agreements; or 
 (iii) pursuant to customary provisions restricting
dispositions of real property interests set forth in any reciprocal easement agreements of the Company or any Restricted Subsidiary; 

(6) any encumbrance or restriction pursuant to Purchase Money Obligations and Capitalized Lease Obligations permitted under
this Indenture, in each case, that impose encumbrances or restrictions on the property so acquired; 
 (7) any encumbrance or
restriction imposed pursuant to an agreement entered into for the direct or indirect sale or disposition to a Person of all or substantially all the Capital Stock or assets of the Company or any Restricted Subsidiary (or the property or assets that
are subject to such restriction) pending the closing of such sale or disposition; 
 (8) customary provisions in leases,
licenses, Joint Venture agreements and other similar agreements and instruments; 
 (9) encumbrances or restrictions arising
or existing by reason of applicable law or any applicable rule, regulation or order, or required by any regulatory authority; 

(10) any encumbrance or restriction on cash or other deposits or net worth imposed by customers under agreements entered into
in the ordinary course of business; 
 (11) any encumbrance or restriction pursuant to Hedging Obligations; 

(12) other Indebtedness, Disqualified Stock or Preferred Stock of Foreign Subsidiaries permitted to be Incurred or issued
subsequent to the Issue Date pursuant to Section 3.2 that impose restrictions solely on the Foreign Subsidiaries party thereto or their Subsidiaries; 

(13) any encumbrance or restriction existing under or by reason of (a) Indebtedness or other contractual requirements of a
Securitization Entity or any Standard Securitization Undertaking, in each case in connection with a Qualified Securitization Transaction; provided that such restrictions apply only to such, or a related, Securitization Entity and Financeable
Assets and Cash and Cash Equivalents held by such, or a related, Securitization Entity or (b) Permitted Warehousing Indebtedness; provided that such restrictions apply only to the Receivables financed by the applicable Warehousing
Facility pursuant to which such Permitted Warehousing Indebtedness was Incurred or Cash and Cash Equivalents related to such Warehousing Facility; 

(14) any encumbrance or restriction arising pursuant to an agreement or instrument relating to any Indebtedness permitted to be
Incurred subsequent to the Issue 

  
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Date pursuant to Section 3.2 if the encumbrances and restrictions contained in any such agreement or instrument taken as a whole are not materially less favorable to the Holders than in
comparable financings (as determined in good faith by the Company) and where either (A) the Company determines at the time of issuance of such Indebtedness that such encumbrances or restrictions will not adversely affect, in any material
respect, the Company’s ability to make principal or interest payments on the Notes or (B) such encumbrance or restriction applies only during the continuance of a default relating to such Indebtedness; 

(15) any encumbrance or restriction existing by reason of any lien permitted under Section 3.6; or 

(16) any encumbrance or restriction pursuant to an agreement or instrument effecting a refinancing of Indebtedness Incurred
pursuant to, or that otherwise refinances, an agreement or instrument referred to in clauses (1) to (15) of this clause (b) (an “Initial Agreement”) or contained in any amendment, extension, renewal, restatement,
refunding, replacement, refinancing, supplement or other modification to an agreement referred to in clauses (1) to (15) of this clause (b) or this clause (16); provided, however, that the encumbrances and restrictions with
respect to such Restricted Subsidiary contained in any such agreement or instrument are no less favorable in any material respect to the Holders taken as a whole than the encumbrances and restrictions contained in the Initial Agreement or Initial
Agreements to which such refinancing or amendment, supplement or other modification relates (as determined in good faith by the Company). 

Section 3.5. Limitation on Sales of Assets and Subsidiary Stock. 

(a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, make any Asset Disposition unless: 

(1) the Company or such Restricted Subsidiary, as the case may be, receives consideration (including by way of relief from, or
by any other Person assuming responsibility for, any liabilities, contingent or otherwise) at least equal to the fair market value (such fair market value to be determined on the date of contractually agreeing to such Asset Disposition), as
determined in good faith by the Board of Directors of the Company, of the shares and assets subject to such Asset Disposition (including, for the avoidance of doubt, if such Asset Disposition is a Permitted Asset Swap); 

(2) in any such Asset Disposition, or series of related Asset Dispositions (except to the extent the Asset Disposition is a
Permitted Asset Swap), at least 75% of the consideration from such Asset Disposition (including by way of relief from, or by any other Person assuming responsibility for, any liabilities, contingent or otherwise) received by the Company or such
Restricted Subsidiary, as the case may be, is in the form of cash or Cash Equivalents; and 
 (3) an amount equal to 100% of
the Net Available Cash from such Asset Disposition is applied by the Company or any Restricted Subsidiary, as the case may be: 

  
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 (i) to the extent the Company or any Restricted Subsidiary, as the case may be,
elects (or is required by the terms of any Indebtedness), within 365 days from the later of (A) the date of such Asset Disposition and (B) the receipt of such Net Available Cash; (i) to prepay, repay or purchase any Indebtedness of a
Non-Guarantor, Indebtedness that is secured by a Lien or Permitted Funding Indebtedness (in each case, other than Indebtedness owed to the Company or any Restricted Subsidiary); provided, however, that, in connection with any
prepayment, repayment or purchase of Indebtedness pursuant to this clause (i), the Company or such Restricted Subsidiary will retire such Indebtedness and will cause the related commitment (if any) to be reduced in an amount equal to the principal
amount so prepaid, repaid or purchased; or (ii) to prepay, repay or purchase Pari Passu Indebtedness; provided further that, to the extent the Company redeems, repays or repurchases Pari Passu Indebtedness pursuant to this clause
(ii) the Company shall equally and ratably reduce obligations under the Notes as provided under Section 5.7, through open-market purchases (to the extent such purchases are at or above 100% of the principal amount thereof) or by making an offer
(in accordance with the procedures set forth below for an Asset Disposition Offer) to all Holders to purchase their Notes at 100% of the principal amount thereof, plus the amount of accrued but unpaid interest, if any, on the amount of Notes that
would otherwise be prepaid; or 
 (ii) to the extent the Company or any Restricted Subsidiary elects, to invest in or commit
to invest in Additional Assets (including Financeable Assets and by means of an investment in Additional Assets by a Restricted Subsidiary with Net Available Cash received by the Company or another Restricted Subsidiary) within 365 days from the
later of (A) the date of such Asset Disposition and (B) the receipt of such Net Available Cash; provided, however, that any such reinvestment in Additional Assets made pursuant to a definitive binding agreement or a
commitment approved by the Board of Directors of the Company that is executed or approved within such time will satisfy this requirement, so long as such investment is consummated within 180 days of such 365th day; 

provided that, pending the final application of any such Net Available Cash in accordance with clause (i) or clause (ii) in this Section 3.5(a)(3), the
Company and its Restricted Subsidiaries may temporarily reduce Indebtedness (including Permitted Funding Indebtedness) or otherwise use such Net Available Cash in any manner not prohibited by this Indenture. 

(b) Any Net Available Cash from Asset Dispositions that is not applied or invested or committed to be applied or invested as provided
in Section 3.5(a) will be deemed to constitute “Excess Proceeds” under this Indenture. On the 366th day after the later of an Asset Disposition or the receipt of such Net Available Cash, if the aggregate amount of Excess Proceeds
under this Indenture exceeds $50.0 million, the Company will within 10 Business Days be required to make an offer (“Asset Disposition Offer”) to all Holders of Notes issued under this Indenture and, to the extent the Company elects,
to all holders of other outstanding Pari Passu Indebtedness, to purchase the maximum principal amount of Notes and any such Pari Passu Indebtedness to which the Asset Disposition Offer applies that may be purchased out of the Excess Proceeds, at 

  
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an offer price in respect of the Notes in an amount equal to 100% of the principal amount of the Notes plus accrued and unpaid interest, if any, to, but not including, the date of purchase, in
accordance with the procedures set forth in this Indenture or the agreements governing the Pari Passu Indebtedness, as applicable, and in minimum denominations of $2,000 and in integral multiples of $1,000 in excess thereof. The Company shall
deliver notice of such Asset Disposition Offer electronically or by first-class mail, with a copy to the Trustee, to each Holder of Notes at the address of such Holder appearing in the Notes Register or otherwise in accordance with the procedures of
DTC, describing the transaction or transactions that constitute the Asset Disposition and offering to repurchase the Notes for the specified purchase price on the date specified in the notice, which date will be no earlier than 30 days and no later
than 60 days from the date such notice is delivered, pursuant to the procedures required by this Indenture and described in such notice. 

(c) To the extent that the aggregate amount of Notes and Pari Passu Indebtedness so validly tendered and not properly withdrawn pursuant to an
Asset Disposition Offer is less than the Excess Proceeds, the Company may use any remaining Excess Proceeds for general corporate purposes. If the aggregate principal amount of the Notes surrendered in any Asset Disposition Offer by Holders and
other Pari Passu Indebtedness surrendered by holders or lenders, collectively, exceeds the amount of Excess Proceeds, the Excess Proceeds shall be allocated among the Notes and Pari Passu Indebtedness to be purchased on a pro rata basis on the basis
of the respective aggregate principal amounts of tendered Notes of the relevant series and Pari Passu Indebtedness in accordance with the procedures set forth in this Indenture or the agreements governing the Pari Passu Indebtedness, as applicable,
and in minimum denominations of $2,000 and in integral multiples of $1,000 in excess thereof. Upon completion of any Asset Disposition Offer, the amount of Excess Proceeds shall be reset at zero. 

(d) To the extent that any portion of Net Available Cash payable in respect of the Notes is denominated in a currency other than U.S. dollars,
the amount thereof payable in respect of the Notes shall not exceed the net amount of funds in U.S. dollars that is actually received by the Company upon converting such portion into U.S. dollars. 

(e) For the purposes of Section 3.5(a)(2) hereof, the following will be deemed to be cash: 

(i) the assumption by the transferee of Indebtedness or other liabilities contingent or otherwise of the Company or a
Restricted Subsidiary (other than Subordinated Indebtedness of the Company or a Guarantor) and the release of the Company or such Restricted Subsidiary from all liability on such Indebtedness or other liability in connection with such Asset
Disposition; 
 (ii) securities, notes or other obligations received by the Company or any Restricted Subsidiary of the
Company from the transferee that are converted by the Company or such Restricted Subsidiary into cash or Cash Equivalents within 180 days following the closing of such Asset Disposition; 

(iii) Indebtedness of any Restricted Subsidiary that is no longer a Restricted Subsidiary as a result of such Asset
Disposition, to the extent that the Company and each other Restricted Subsidiary are released from any Guarantee of payment of such Indebtedness in connection with such Asset Disposition; 

  
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 (iv) consideration consisting of Indebtedness of the Company (other than
Subordinated Indebtedness) received after the Issue Date from Persons who are not the Company or any Restricted Subsidiary; and 

(v) any Designated Non-Cash Consideration received by the Company or any Restricted Subsidiary in such Asset Dispositions
having an aggregate fair market value, taken together with all other Designated Non-Cash Consideration received pursuant to this Section 3.5 that is at that time outstanding, not to exceed the greater of $70.0 million and 2.5% of Total Assets (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). 

(f) Upon the commencement of an Asset Disposition Offer, the Company shall send, or cause to be sent, electronically or by first class mail, a
notice to the Trustee and to each Holder at its registered address or otherwise in accordance with the procedures of DTC. The notice shall contain all instructions and materials necessary to enable such Holder to tender Notes pursuant to the Asset
Disposition Offer. Any Asset Disposition Offer shall be made to all Holders. The notice, which shall govern the terms of the Asset Disposition Offer, shall state: 

(1) that the Asset Disposition Offer is being made pursuant to this Section 3.5 and that, to the extent lawful, all Notes
tendered and not withdrawn shall be accepted for payment (unless prorated); 
 (2) the Asset Disposition payment amount, the
Asset Disposition offered price, and the date on which Notes tendered and accepted for payment shall be purchased, which date shall be at least 30 days and not later than 60 days from the date such notices is mailed (the “Asset Sale Payment
Date”); 
 (3) that any Notes not tendered or accepted for payment shall continue to accrue interest in accordance
with the terms thereof; 
 (4) that, unless the Company defaults in making such payment, any Notes accepted for payment
pursuant to the Asset Disposition Offer shall cease to accrue interest on and after the Asset Sale Payment Date; 
 (5) that
Holders electing to have any Notes purchased pursuant to any Asset Disposition Offer shall be required to surrender the Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, to the
Paying Agent at the address specified in the notice at least three Business Days before the Asset Sale Payment Date; 
 (6)
that Holders shall be entitled to withdraw their election if the Paying Agent receives, not later than two Business Days prior to the Asset Sale Payment Date, a notice 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 its election to have such Note purchased; 

  
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 (7) that if the aggregate principal amount of Notes surrendered by Holders
exceeds the Asset Disposition payment amount, the Company shall select the Notes to be purchased on a pro rata basis (with such adjustments as may be deemed appropriate by the Company so that only Notes in minimum denominations of $2,000 or integral
multiples of $1,000 in excess thereof shall be purchased); and 
 (8) that Holders whose Notes were purchased only in part
will be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered (or transferred by book-entry). 

(g) If the Asset Sale Payment Date is on or after a record date and on or before the related interest payment date, any accrued and unpaid
interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no additional interest shall be payable to Holders who tender Notes pursuant to the Asset Disposition Offer. 

(h) On the Asset Sale Payment Date, the Company will, to the extent permitted by law, 

(1) accept for payment all Notes issued by it or portions thereof properly tendered pursuant to the Asset Disposition Offer,

 (2) deposit with the Paying Agent an amount equal to the aggregate Asset Disposition payment in respect of all Notes or
portions thereof so tendered, and 
 (3) deliver, or cause to be delivered, to the Trustee for cancellation the Notes so
accepted together with an Officer’s Certificate to the Trustee stating that such Notes or portions thereof have been tendered to and purchased by the Company. 

(i) The Company will comply, to the extent applicable, with the requirements of Rule 14e-1 under the Exchange Act and any other securities
laws and regulations thereunder to the extent such laws or regulations are applicable in connection with the repurchase of Notes pursuant to this Section 3.5. To the extent that the provisions of any securities laws or regulations conflict with the
provisions of this Indenture, the Company will comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under this Indenture by virtue thereof. 

Section 3.6. Limitation on Liens. The Company shall not, and shall not permit any Restricted Subsidiary to, directly or
indirectly, create, Incur or permit to exist any Lien (other than Permitted Liens) upon any of its property or assets (including Capital Stock of a Restricted Subsidiary of the Company), whether owned on the Issue Date or acquired after that date,
which Lien secures any Indebtedness (such Lien, the “Initial Lien”), without effectively providing that the Notes shall be secured equally and ratably with (or prior to) the obligations so secured for so long as such
obligations are so secured. Any Lien created for the benefit of the Holders of the Notes pursuant to the preceding sentence shall provide by its terms that such Lien shall be automatically and unconditionally released and discharged upon the release
and discharge of the Initial Lien. 

  
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 Section 3.7. Additional Guarantees. 

(a) If the Company or any of its Restricted Subsidiaries acquires or creates a Wholly Owned Domestic Subsidiary that is a Restricted
Subsidiary, other than (i) a Guarantor, (ii) an Excluded Restricted Subsidiary, (iii) an Insurance Subsidiary, (iv) an Immaterial Subsidiary or (v) a Securitization Entity, such Restricted Subsidiary within 30 days shall
execute and deliver a supplemental indenture to this Indenture substantially in the form of Exhibit B hereto providing for a senior Guarantee by such Restricted Subsidiary. If a Restricted Subsidiary ceases to be an Immaterial Subsidiary, such
Restricted Subsidiary within 30 days shall execute and deliver a supplemental indenture to this Indenture providing for a senior Guarantee by such Restricted Subsidiary. 

(b) The Company may elect, in its sole discretion, to cause any Subsidiary that is not otherwise required to be a Guarantor to become a
Guarantor. The Company may also elect, in its sole discretion, to cause any Parent to become a Guarantor. 
 (c) Any Guarantee will be
limited to the maximum amount that would not render the Guarantor’s obligations subject to avoidance under applicable fraudulent conveyance provisions of the United States Bankruptcy Code or any comparable provision of foreign or state law to
comply with corporate benefit, financial assistance and other laws. By virtue of this limitation, a Guarantor’s obligation under its Guarantee could be significantly less than amounts payable with respect to the Notes, or a Guarantor may have
effectively no obligation under its Guarantee. 
 (d) Claims of creditors of Non-Guarantor Subsidiaries, including trade creditors, secured
creditors and creditors holding debt and guarantees issued by those Subsidiaries, and claims of preferred and minority shareholders (if any) of those Subsidiaries and claims against Joint Ventures generally will have priority with respect to the
assets and earnings of those Subsidiaries and Joint Ventures over the claims of creditors of the Company, including Holders of the Notes. The Notes and each Guarantee therefore will be structurally subordinated to creditors (including trade
creditors) and preferred and minority shareholders (if any) of Subsidiaries of the Company (other than the Guarantors) and Joint Ventures. 

Section 3.8. Limitation on Affiliate Transactions. 

(a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into or conduct
any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any Affiliate of the Company (an “Affiliate Transaction”) involving aggregate value in excess of $25.0 million
unless: 
 (1) the terms of such Affiliate Transaction taken as a whole are not materially less favorable to the
Company or such Restricted Subsidiary, as the case may be, than those that could be obtained in a comparable transaction at the time of such transaction or the execution of the agreement providing for such transaction in arm’s length dealings
with a Person who is not such an Affiliate; and 
 (2) in the event such Affiliate Transaction involves an aggregate value in
excess of $50.0 million, the terms of such transaction have been approved by a majority of the members of the Board of Directors of the Company. 

  
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 (b) Section 3.8(a) shall not apply to: 

(1) any Restricted Payment permitted to be made pursuant to Section 3.3, or any Permitted Investment; 

(2) any issuance or sale of Capital Stock, options, other equity-related interests or other securities, or other payments,
awards or grants in cash, securities or otherwise pursuant to, or the funding of, or entering into, or maintenance of, any employment, consulting, collective bargaining or benefit plan, program, agreement or arrangement, related trust or other
similar agreement and other compensation arrangements, options, warrants or other rights to purchase Capital Stock of the Company, any Restricted Subsidiary or any Parent, restricted stock plans, long-term incentive plans, stock appreciation rights
plans, participation plans or similar employee benefits or consultants’ plans (including valuation, health, insurance, deferred compensation, severance, retirement, savings or similar plans, programs or arrangements) or indemnities provided on
behalf of officers, employees, directors or consultants approved by the Board of Directors of the Company in the ordinary course of business; 

(3) any Management Advances and any waiver or transaction with respect thereto; 

(4) any transaction between or among the Company and any Restricted Subsidiary (or entity that becomes a Restricted Subsidiary
as a result of such transaction), or between or among Restricted Subsidiaries (other than, in each case, any Securitization Entity); 

(5) the payment of compensation, reasonable fees and reimbursement of expenses to, and customary indemnities (including under
customary insurance policies) and employee benefit and pension expenses provided on behalf of, directors, officers, consultants or employees of the Company or any Restricted Subsidiary of the Company (whether directly or indirectly and including
through any Person owned or controlled by any of such directors, officers or employees); 
 (6) the entry into and
performance of obligations of the Company or any of its Restricted Subsidiaries under the terms of any transaction arising out of, and any payments pursuant to or for purposes of funding, any agreement or instrument in effect as of or on the Issue
Date, or contemplated to be entered into following the Issue Date, in each case (i) described in the Offering Memorandum under “Certain Relationships and Related Party Transactions” and (b) as these agreements and instruments may
be amended, modified, supplemented, extended, renewed or refinanced from time to time in accordance with the other terms of this Section 3.8 or to the extent not more disadvantageous to the Holders in any material respect; 

(7) transactions in the ordinary course of business in connection with any Qualified Securitization Transaction, including any
Permitted Credit Enhancement; 
 (8) transactions with customers, clients, suppliers or purchasers or sellers of goods or
services, in each case in the ordinary course of business, which are fair to the 

  
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Company or the relevant Restricted Subsidiary in the reasonable determination of the Board of Directors or the management of the Company or the relevant Restricted Subsidiary, or are on terms no
less favorable than those that could reasonably have been obtained at such time from an unaffiliated party; 
 (9) any
transaction between or among the Company or any Restricted Subsidiary and any Person that is an Affiliate of the Company or an Associate or similar entity solely because the Company or a Restricted Subsidiary or any Affiliate of the Company or a
Restricted Subsidiary or any Affiliate of any Permitted Holder owns an equity interest in or otherwise controls such Affiliate, Associate or similar entity; 

(10) issuances or sales of Capital Stock (other than Disqualified Stock) of the Company or options, warrants or other rights to
acquire such Capital Stock and the granting of registration and other customary rights in connection therewith or any contribution to capital of the Company or any Restricted Subsidiary; 

(11) transactions in which the Company or any Restricted Subsidiary, as the case may be, delivers to the Trustee a letter from
an Independent Financial Advisor stating that such transaction is fair to the Company or such Restricted Subsidiary from a financial point of view or meets the requirements of Section 3.8(a)(1); and 

(12) any purchases by the Company’s Affiliates of Indebtedness or Disqualified Stock of the Company or any of its
Restricted Subsidiaries the majority of which Indebtedness or Disqualified Stock is purchased by Persons who are not the Company’s Affiliates; provided that such purchases by the Company’s Affiliates are on the same terms as such
purchases by such Persons who are not the Company’s Affiliates. 
 Section 3.9. Change of Control Repurchase Event. 

(a) If a Change of Control Repurchase Event occurs with respect to any series of Notes, unless the Company has previously or
concurrently delivered a redemption notice with respect to all the outstanding Notes of such series under Section 5.7, the Company shall make an offer to purchase all of the Notes of such series (the “Change of Control Offer”) at a
price in cash (the “Change of Control Payment”) equal to 101% of the aggregate principal amount thereof plus accrued and unpaid interest, if any, to but excluding the date of repurchase, subject to the right of Holders of such
series of Notes of record on the relevant record date to receive interest due on the relevant interest payment date. Within 30 days following any Change of Control Repurchase Event, the Company shall deliver notice of such Change of Control Offer
electronically or by first-class mail, with a copy to the Trustee, to each Holder of Notes of the relevant series at the address of such Holder appearing in the Notes Register or otherwise in accordance with the procedures of DTC, describing the
transaction or transactions that constitute the Change of Control Repurchase Event and with the following information: 

(1) that a Change of Control Offer is being made pursuant to this Section 3.9, and that all Notes of the relevant series
properly tendered pursuant to such Change of Control Offer will be accepted for payment by the Company; 

  
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 (2) the purchase price and the purchase date, which will be no earlier than 30
days nor later than 60 days from the date such notice is delivered (the “Change of Control Payment Date”); 

(3) that any Note of the relevant series not properly tendered will remain outstanding and continue to accrue interest; 

(4) that unless the Company defaults in the payment of the Change of Control Payment, all Notes of the relevant series accepted
for payment pursuant to the Change of Control Offer will cease to accrue interest, on the Change of Control Payment Date; 

(5) that Holders electing to have any Notes of the relevant series purchased pursuant to a Change of Control Offer will be
required to surrender such Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of such Notes completed, to the Paying Agent specified in the notice at the address specified in the notice prior to the
close of business on the third Business Day preceding the Change of Control Payment Date; 
 (6) that Holders will be
entitled to withdraw their tendered Notes of the relevant series and their election to require the Company to purchase such Notes; provided that the Paying Agent receives, not later than the close of business on the second Business Day prior
to the expiration date of the Change of Control Offer, a telegram, facsimile transmission or letter setting forth the name of the Holder of the Notes of the relevant series, the principal amount of Notes tendered for purchase, and a statement that
such Holder is withdrawing its tendered Notes and its election to have such Notes purchased; 
 (7) that Holders whose Notes
of the relevant series are being purchased only in part will be issued new Notes and such new Notes will be equal in principal amount to the unpurchased portion of the Notes surrendered. The unpurchased portion of the Notes must be equal to at least
$2,000 or any integral multiple of $1,000 in excess of $2,000; 
 (8) if such notice is delivered prior to the occurrence of
a Change of Control Repurchase Event, stating that the Change of Control Offer is conditional on the occurrence of such Change of Control Repurchase Event; and 

(9) the other instructions, as determined by the Company, consistent with this Section 3.9, that a Holder must follow. 

The Paying Agent will promptly deliver to each Holder of tendered Notes of the relevant series 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 such
new Note will be in a minimum principal amount of $2,000 or an integral multiple of $1,000 in excess thereof. The Company will publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control
Payment Date. 

  
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 If the Change of Control Payment Date is on or after an interest record date and on or before the
related interest payment date, any accrued and unpaid interest, if any, will be paid on the relevant interest payment date to the Person in whose name a Note is registered at the close of business on such record date. In no event shall the Trustee
be charged with the responsibility of monitoring the Company’s ratings. 
 (b) On the Change of Control Payment Date, the Company will,
to the extent permitted by law, 
 (1) accept for payment all Notes issued by it or portions thereof properly tendered
pursuant to the Change of Control Offer, 
 (2) deposit with the Paying Agent an amount equal to the aggregate Change of
Control Payment in respect of all Notes of the relevant series or portions thereof so tendered, and 
 (3) deliver, or cause
to be delivered, to the Trustee for cancellation the Notes of the relevant series so accepted together with an Officer’s Certificate to the Trustee stating that such Notes or portions thereof have been tendered to and purchased by the Company.

 (c) The Company will not be required to make a Change of Control Offer following a Change of Control Repurchase Event if a third party
makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Company and purchases all Notes of the relevant series
validly tendered and not withdrawn under such Change of Control Offer. Notwithstanding anything to the contrary in this Section 3.9, a Change of Control Offer may be made in advance of a Change of Control Repurchase Event, conditional upon such
Change of Control Repurchase Event, if a definitive agreement is in place for the Change of Control at the time of making of the Change of Control Offer. 

(d) If Holders of not less than 90% in aggregate principal amount of the outstanding Notes of any series validly tender and do not withdraw
such Notes in a Change of Control Offer and the Company, or any third party making a Change of Control Offer in lieu of the Company as described in this Section 3.9, purchases all of the Notes of such series validly tendered and not withdrawn by
such Holders, the Company or such third party will have the right, upon not less than 30 nor more than 60 days’ prior notice, given not more than 30 days following such purchase pursuant to the Change of Control Offer, to redeem all Notes of
such series that remain outstanding following such purchase at a price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest to but excluding the date of redemption. 

(e) 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 or regulations are applicable in connection with the repurchase of Notes pursuant to a Change of Control Offer. To the extent that the provisions of any securities laws or regulations conflict with the provisions
of this Indenture, the Company will comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations set forth in this Indenture by virtue thereof. 

  
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 Section 3.10. Reports.  

(a) The Company shall provide to the Trustee and the Holders of the Notes within the dates set forth below: 

(1) within 90 days (120 days in the case of the first fiscal year ending after the Issue Date) after the end of each fiscal
year, annual reports of the Company containing substantially all of the financial information that would have been required to be contained in an annual report on Form 10-K under the Exchange Act if the Company had been a reporting company under the
Exchange Act (but only to the extent similar information is included in the Offering Memorandum), including (A) “Management’s discussion and analysis of financial condition and results of operations” and (B) audited
financial statements prepared in accordance with GAAP; 
 (2) within 45 days after the end of each of the first three fiscal
quarters of each fiscal year, quarterly reports of the Company containing substantially all of the financial information that would have been required to be contained in a Quarterly Report on Form 10-Q under the Exchange Act if the Company had been
a reporting company under the Exchange Act (but only to the extent similar information is provided in the Offering Memorandum), including (A) “Management’s discussion and analysis of financial condition and results of operations”
and (B) unaudited quarterly financial statements prepared in accordance with GAAP; and 
 (3) within the time periods
specified for filing current reports on Form 8-K, after the occurrence of each event that would have been required to be reported in a Current Report on Form 8-K under the Exchange Act, if the Company had been a reporting company under the Exchange
Act, current reports containing substantially all of the information that would have been required to be contained in a Current Report on Form 8-K under the Exchange Act if the Company had been a reporting company under the Exchange Act;
provided, however, that no such current report will be required to be furnished if the Company determines in its good faith judgment that such event is not material to Holders or the business, assets, operations, financial positions or
prospects of the Company and its Restricted Subsidiaries, taken as a whole; 
 provided, however, that such reports (A) will not be
required to comply with Section 302 or Section 404 of the Sarbanes-Oxley Act of 2002, or related Items 307 and 308 of Regulation S-K promulgated by the SEC, or Item 10(e) of Regulation S-K (with respect to any non-GAAP financial
measures contained therein) or Item 402 of Regulation S-K and (B) will not be required to contain the separate financial information for Guarantors contemplated by Rule 3-10 of Regulation S-X promulgated by the SEC (it being understood
that the Company will furnish summary financial information with respect to the Guarantors and Non-Guarantor Subsidiaries on a basis substantially consistent with the financial information presented under “—Guarantees” in the Offering
Memorandum). 

  
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 (b) To the extent any such information is not so provided within the time periods specified above
and such information is subsequently provided, the Company will be deemed to have satisfied its obligations with respect thereto at such time and any Default with respect thereto shall be deemed to have been cured; provided that such cure
shall not otherwise affect the rights of the Holders under Section 6.1 if Holders of at least 25% in principal amount of the then total outstanding Notes of any series have declared the principal, premium, if any, and interest on all the then
outstanding Notes of such series to be due and payable immediately and such declaration shall not have been rescinded or cancelled prior to such cure. 

(c) At any time that any of the Subsidiaries of the Company are Unrestricted Subsidiaries, then the quarterly and annual reports required by
Section 3.10(a) will include a reasonably detailed presentation, either on the face of the financial statements or in the footnotes thereto, and in “Management’s discussion and analysis of financial condition and results of
operations” or other comparable section, of the financial condition and results of operations of the Company and its Restricted Subsidiaries separate from the financial condition and results of operations of the Unrestricted Subsidiaries of the
Company. 
 (d) So long as the Notes are outstanding and the reports described above are not filed with the SEC, the Company will maintain a
website (that may be password protected) to which Holders, prospective investors, broker-dealers and securities analysts are given access promptly and to which all of the reports required by this Section 3.10 are posted. The Company will hold a
conference call for the Holders and securities analysts to discuss such financial information no later than 15 calendar days after providing the annual financial information described in Section 3.10(a)(1) and after providing the quarterly financial
information described in Section 3.10(a)(2). The Company will announce any such conference call at least three business days in advance and not more than ten business days after providing the foregoing financial information. 

(e) To the extent not satisfied by the reports referred to in Section 3.10(a), the Company shall furnish to Holders, prospective investors,
broker-dealers and securities analysts, upon their request, any information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act so long as the Notes are not freely transferable under the Securities Act. 

(f) In the event that any Parent of the Company is or becomes a Guarantor of the Notes, the Company may satisfy its obligations in this
Section 3.10 with respect to financial information relating to the Company by furnishing financial information relating to such Parent. 

(g) Delivery of any reports, information and documents to the Trustee, including pursuant to Section 3.10, is for informational purposes
only and the Trustee’s receipt of such shall not constitute actual or constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants
pursuant to Article III (as to which the Trustee is entitled to rely exclusively on Officer’s Certificates). 
 Section 3.11.
Maintenance of Office or Agency. 
 The Company will maintain an office or agency where the Notes will be payable at the office or
agency of the Company maintained for such purpose and where, if applicable, the Notes 

  
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may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Notes and this Indenture may be delivered. The corporate trust
office of the Trustee, which initially shall be located at The Bank of New York Mellon, 101 Barclay Street, 7 West, New York, NY 10286, Attention: Corporate Trust Administration, shall be such office or agency of the Company unless the Company shall
designate and maintain some other office or agency for one or more of such purposes. The Company will give prompt written notice to the Trustee of any change in the location of any such office or agency. If at any time the Company shall fail to
maintain any such required office or agency or shall fail to furnish the Trustee with the address thereof, such presentations and surrenders may be made or delivered to the corporate trust office of the Trustee, and the Company hereby appoint the
Trustee as its agent to receive all such presentations and surrenders. 
 The Company may also from time to time designate one or more other
offices or agencies where the Notes may be presented or surrendered for any or all such purposes and may from time to time rescind any such designation. The Company will give prompt written notice to the Trustee of any such designation or rescission
and any change in the location of any such other office or agency. 
 Section 3.12. Corporate Existence. Except as
otherwise provided in this Article III, Article IV and Section 10.2(b), the Company will do or cause to be done all things necessary to preserve and keep in full force and effect its corporate existence and the corporate, partnership, limited
liability company or other existence of each Restricted Subsidiary and the rights (charter and statutory), licenses and franchises of the Company and each Restricted Subsidiary; provided, however, that the Company shall not be required
to preserve any such right, license or franchise or the corporate, partnership, limited liability company or other existence of any Restricted Subsidiary if the respective Board of Directors or, with respect to a Restricted Subsidiary that is not a
Significant Subsidiary (or group of Restricted Subsidiaries that taken together would not be a Significant Subsidiary), senior management of the Company determines that the preservation thereof is no longer desirable in the conduct of the business
of the Company and each of its Restricted Subsidiaries, taken as a whole, and that the loss thereof is not, and will not be, disadvantageous in any material respect to the Holders. 

Section 3.13. Payment of Taxes. The Company shall pay or discharge or cause to be paid or discharged, before the same shall
become delinquent, all material taxes, assessments and governmental charges levied or imposed upon the Company or any Subsidiary; provided, however, that the Company shall not be required to pay or discharge or cause to be paid or
discharged any such tax, assessment, charge or claim the amount, applicability or validity of which is being contested in good faith by appropriate proceedings and for which appropriate reserves, if necessary (in the good faith judgment of
management of the Company), are being maintained in accordance with GAAP or where the failure to effect such payment will not be disadvantageous to the Holders. 

Section 3.14. Payments for Consent. The Company will not, and will not permit any of its 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 this Indenture, the Notes or the Guarantees 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. 

  
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 Section 3.15. Compliance Certificate. The Company shall deliver to the Trustee
within 120 days after the end of each fiscal year of the Company an Officer’s Certificate, which shall be signed by the Chief Executive Officer, Chief Financial Officer, the Treasurer or the Secretary of the Company, stating that in the course
of the performance by the signer of his or her duties as an Officer of the Company he or she would normally have knowledge of any Default or Event of Default and whether or not the signer knows of any Default or Event of Default that occurred during
the previous fiscal year; provided that no such Officer’s Certificate shall be required for any fiscal year ended prior to the Issue Date. If such Officer does have such knowledge, the certificate shall describe the Default or Event of
Default, its status and the action the Company is taking or proposes to take with respect thereto.  
 Section 3.16.
Further Instruments and Acts. Upon request of the Trustee or as necessary to comply with future developments or requirements, the Company will execute and deliver such further instruments and do such further acts as may be reasonably
necessary or proper to carry out more effectively the purpose of this Indenture. 
 Section 3.17. Conduct of
Business. The Company will not, and will not permit any of its Restricted Subsidiaries to, engage in any business other than a Similar Business, except to such extent as would not be material to the Company and its Restricted Subsidiaries taken
as a whole. 
 Section 3.18. Statement by Officers as to Default. The Company shall deliver to the Trustee, within
30 days after the Company becomes aware of the occurrence of any Default or Event of Default, an Officer’s Certificate setting forth the details of such Event of Default or Default, its status and the actions which the Company is taking or
proposes to take with respect thereto. 
 Section 3.19. Suspension of Certain Covenants. 

(a) Following the first day: (1) the Notes of any series have achieved Investment Grade Status; and (2) no Default or Event
of Default has occurred and is continuing under this Indenture, then, beginning on that day (the “Suspension Date”) and continuing until the Reversion Date (as defined below), the Company and its Restricted Subsidiaries will not be
subject to Sections 3.2, 3.3, 3.4, 3.5, 3.7, 3.8, 3.17 and 4.1(a)(3) with respect to such series of Notes (collectively, the “Suspended Covenants”). 

(b) If at any time the Notes of such series cease to have such Investment Grade Status or if a Default or Event of Default occurs and
is continuing, then the Suspended Covenants will thereafter be reinstated as if such provisions had never been suspended with respect to such Notes (the “Reversion Date”) and be applicable pursuant to the terms of this Indenture
(including in connection with performing any calculation or assessment to determine compliance with the terms of this Indenture), unless and until the Notes of such series subsequently attain Investment Grade Status and no Default or Event of
Default is in existence with respect to such series (in which event the Suspended Covenants shall no longer be in effect for such time that the  

  
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Notes of such series maintain an Investment Grade Status and no Default or Event of Default is in existence); provided, however, that no Default, Event of Default or breach of any
kind shall be deemed to exist under this Indenture, the Notes of the applicable series or the Guarantees with respect to the Suspended Covenants based on, and none of the Company or any of its Subsidiaries shall bear any liability for, any actions
taken or events occurring during the Suspension Period (as defined below), or any actions taken at any time pursuant to any contractual obligation arising prior to the Reversion Date, regardless of whether such actions or events would have been
permitted if the applicable Suspended Covenants remained in effect during such period. The period of time between the date of suspension of the covenants and the Reversion Date is referred to as the “Suspension Period.” During the
Suspension Period no Restricted Subsidiary may be designated as an Unrestricted Subsidiary. 
 (c) On the Reversion Date, all Indebtedness
Incurred during the Suspension Period will be classified to have been Incurred pursuant to Section 3.2(a) or one of the clauses set forth in Section 3.2(b) (to the extent such Indebtedness would be permitted to be Incurred thereunder as of the
Reversion Date and after giving effect to the Indebtedness Incurred prior to the Suspension Period and outstanding on the Reversion Date). To the extent such Indebtedness would not be so permitted to be Incurred pursuant to Section 3.2(a) or (b),
such Indebtedness will be deemed to have been outstanding on the Issue Date, so that it is classified as permitted under Section 3.2(b)(4)(ii). On and after the Reversion Date, all Liens created during the Suspension Period will be considered
Permitted Liens. Calculations made after the Reversion Date of the amount available to be made as Restricted Payments under Section 3.3 will be made as though Section 3.3 had been in effect since the Issue Date and throughout the Suspension Period.
Accordingly, Restricted Payments made during the Suspension Period will reduce the amount available to be made as Restricted Payments under Section 3.3(a). 

(d) The Company shall send prompt written notice to the Trustee if a Suspension Date or a Reversion Date occurs. The Trustee shall not be
deemed to have knowledge of any Suspension Date or Reversion Date unless a Trust Officer has received the notice referred to in this clause (d). 

Section 3.20. Designation of Restricted and Unrestricted Subsidiaries. 

(a) Except for during a Suspension Period, the Board of Directors of the Company may designate any Restricted Subsidiary to be an Unrestricted
Subsidiary if that designation would not cause a Default. If a Restricted Subsidiary is designated as an Unrestricted Subsidiary, the aggregate fair market value of all outstanding Investments owned by the Company and its Restricted Subsidiaries in
the Subsidiary designated as an Unrestricted Subsidiary will be deemed to be an Investment made as of the time of the designation and will reduce the amount available for Restricted Payments under Section 3.3 or under one or more clauses of the
definition of Permitted Investments, as determined by the Company. That designation will only be permitted if the Investment would be permitted at that time and if the Restricted Subsidiary otherwise meets the definition of an Unrestricted
Subsidiary. The Board of Directors of the Company may redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary if that redesignation would not cause a Default. 

  
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 (b) Any designation of a Subsidiary of the Company as an Unrestricted Subsidiary will be
evidenced to the Trustee by filing with the Trustee a Board Resolution of the Company giving effect to such designation and an Officer’s Certificate certifying that such designation complies with the preceding conditions and was permitted by
Section 3.3. If, at any time, any Unrestricted Subsidiary would fail to meet the preceding requirements as an Unrestricted Subsidiary, it will thereafter cease to be an Unrestricted Subsidiary for purposes of this Indenture and any Indebtedness of
such Subsidiary will be deemed to be incurred by a Restricted Subsidiary of the Company as of such date and, if such Indebtedness is not permitted to be incurred as of such date under Section 3.2, the Company will be in default of Section 3.2. 

(c) The Board of Directors of the Company may at any time designate any Unrestricted Subsidiary to be a Restricted Subsidiary of the Company;
provided that such designation will be deemed to be an incurrence of Indebtedness by a Restricted Subsidiary of the Company of any outstanding Indebtedness of such Unrestricted Subsidiary, and such designation will only be permitted if
(1) such Indebtedness is permitted under Section 3.2 calculated on a pro forma basis as if such designation had occurred at the beginning of the applicable reference period; and (2) no Default or Event of Default would be in existence
following such designation. Any such designation by the Board of Directors of the Company shall be evidenced to the Trustee by filing with the Trustee a certified copy of a resolution of the Board of Directors of the Company giving effect to such
designation and an Officer’s Certificate certifying that such designation complies with the preceding conditions. 
 Section 3.21.
Investment Company Act Status.  
 The Company and the Guarantors will not take or permit actions that would require any of
them to register as an “investment company” (as that term is defined in the Investment Company Act). 
 ARTICLE IV 

SUCCESSOR COMPANY; SUCCESSOR PERSON 

Section 4.1. Merger and Consolidation. 

(a) The Company will not consolidate with or merge with or into, or convey, transfer or lease all or substantially all its assets to, any
Person, unless: 
 (1) the resulting, surviving or transferee Person (the “Successor Company”) will be a
Person organized and existing under the laws of the United States of America, any State of the United States or the District of Columbia and the Successor Company (if not the Company) will expressly assume, by supplemental indenture, executed and
delivered to the Trustee, all the obligations of the Company under the Notes and this Indenture and if such Successor Company is not a corporation, a co-obligor of the Notes is a corporation organized or existing under such laws; 

(2) immediately after giving effect to such transaction (and treating any Indebtedness that becomes an obligation of the
Successor Company or any Subsidiary of 

  
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the Successor Company as a result of such transaction as having been Incurred by the Successor Company or such Subsidiary at the time of such transaction), no Default or Event of Default shall
have occurred and be continuing; 
 (3) immediately after giving effect to such transaction, either (i) the Successor
Company would be able to Incur at least an additional $1.00 of Indebtedness pursuant to Section 3.2(a) or (ii) the Consolidated Non-Funding Debt to Tangible Equity Ratio of the Successor Company and its Restricted Subsidiaries would not be
greater than it was immediately prior to giving effect to such transaction; and 
 (4) the Company shall have delivered to
the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that such consolidation, merger or transfer and such supplemental indenture (if any) comply with this Indenture and an Opinion of Counsel stating that such
supplemental indenture (if any) has been duly authorized, executed and delivered and is a legal, valid and binding agreement enforceable against the Successor Company; provided that in giving an Opinion of Counsel, counsel may rely on an
Officer’s Certificate as to any matters of fact, including as to satisfaction of Section 4.1(a)(2) and (3). 
 (b) The Successor
Company will succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture, but in the case of a lease of all or substantially all its assets, the predecessor company will not be released from its
obligations under this Indenture or the Notes. 
 (c) Notwithstanding Section 4.1(a)(2), (3) and (4) (which do not apply to transactions
referred to in this sentence), (i) any Restricted Subsidiary of the Company may consolidate or otherwise combine with, merge into or transfer all or part of its properties and assets to the Company, (ii) any Restricted Subsidiary may
consolidate or otherwise combine with, merge into or transfer all or part of its properties and assets to any other Restricted Subsidiary (subject to the provision set forth in Section 4.1(d)) and (iii) the Company may consolidate or otherwise
combine with or merge into an Affiliate incorporated or organized for the purpose of changing the legal domicile of the Company, reincorporating the Company in another jurisdiction, or changing the legal form of the Company. 

(d) No Guarantor may consolidate with or merge with or into, or convey, transfer or lease all or substantially all its assets to any Person,
unless 
 (i) the resulting, surviving or transferee Person (the “Successor Guarantor”) will be a Person organized and
existing under the laws of the United States of America, any State of the United States or the District of Columbia or the jurisdiction of such Guarantor and the Successor Guarantor (if not such Guarantor) will expressly assume, by supplemental
indenture, executed and delivered to the Trustee, all the obligations of such Guarantor under the Guarantee and this Indenture (although in the case of a lease of all or substantially all its assets, the predecessor Guarantor will not be released
from its obligations under this Indenture or its Guarantee of the Notes); 

  
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 (ii) immediately after giving effect to such transaction (and treating any Indebtedness that
becomes an obligation of the Successor Guarantor or any Subsidiary of the Successor Guarantor as a result of such transaction as having been Incurred by the Successor Guarantor or such Subsidiary at the time of such transaction), no Default or Event
of Default shall have occurred and be continuing; and 
 (iii) such Guarantor shall have delivered to the Trustee an Officer’s
Certificate and an Opinion of Counsel, each stating that such consolidation, merger, conveyance, transfer or lease and such supplemental indenture (if any) comply with this Indenture and an Opinion of Counsel (which may be combined with the Opinion
of Counsel mentioned earlier in this sentence) stating that such supplemental indenture (if any) has been duly authorized, executed and delivered and is a legal, valid and binding agreement enforceable against the Successor Guarantor, provided that
in giving an Opinion of Counsel, counsel may rely on an Officer’s Certificate as to any matters of fact, including as to satisfaction of clause (ii) above. 

(e) For purposes of this Section 4.1, the sale, lease, conveyance, assignment, transfer, or other disposition of all or substantially all of
the properties and assets of one or more Subsidiaries of the Company or of a Guarantor, as applicable, which properties and assets, if held by the Company or a Guarantor, as applicable, instead of such Subsidiaries, would constitute all or
substantially all of the properties and assets of the Company or a Guarantor, as applicable, on a consolidated basis, shall be deemed to be the transfer of all or substantially all of the properties and assets of the Company or such Guarantor, as
applicable. 
 (f) The foregoing provisions (other than the requirements of Section 4.1(a)(2)) shall not apply to the creation of a new
Subsidiary as a Restricted Subsidiary of the Company. 
 ARTICLE V 

REDEMPTION OF SECURITIES 

Section 5.1. Notices to Trustee. 

If the Company elects to redeem Notes pursuant to the optional redemption provisions of Section 5.7 hereof, it must furnish to the Trustee, at
least 30 days but not more than 60 days before a Redemption Date, an Officer’s Certificate setting forth: 
 (1) the
clause of this Indenture pursuant to which the redemption shall occur; 
 (2) the Redemption Date; 

(3) the principal amount of Notes and the series of Notes to be redeemed; and 

(4) the redemption price. 

Any optional redemption referenced in such Officer’s Certificate may be cancelled by the Company at any time prior to notice of
redemption being sent to any Holder and thereafter shall be null and void. 

  
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 Section 5.2. Selection of Notes to Be Redeemed or Purchased. 

If less than all of the Notes of any series are to be redeemed at any time, the applicable Notes will be selected for redemption in
compliance with the requirements of DTC, or if such Notes are not held through DTC or DTC prescribes no method of selection, on a pro rata basis, subject to adjustments so that no Note in an unauthorized denomination is redeemed in part and further;
provided, however, that no Note of $2,000 in aggregate principal amount or less shall be redeemed in part. 

Section 5.3. Notice of Redemption. 

(a) At least 30 but not more than 60 days before a Redemption Date, the Company will send or cause to be sent, by electronic delivery, if held
at DTC, or by first class mail postage prepaid, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address, except that redemption notices may be mailed more than 60 days prior to a Redemption Date if the notice
is issued in connection with a defeasance of the Notes of the applicable series or a satisfaction and discharge of this Indenture with respect to such Notes pursuant to Articles VIII or XI hereof. 

The notice will identify the Notes (including the CUSIP or ISIN number) to be redeemed and will state: 

(1) the Redemption Date; 

(2) the redemption price (as calculated by the Company); 

(3) if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the
Redemption Date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion will be issued upon cancellation of the original Note; 

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

(5) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(6) that, unless the Company defaults in making such redemption payment, interest on Notes called for redemption ceases to
accrue on and after the Redemption Date; 
 (7) the paragraph of the Notes and/or Section of this Indenture pursuant to which
the Notes called for redemption are being redeemed; and 
 (8) that no representation is made as to the correctness or
accuracy of the CUSIP or ISIN number, if any, listed in such notice or printed on the Notes. 
 At the Company’s request, the
Trustee will give the notice of redemption in the Company’s name and at its expense; provided, however, that the Company has delivered to the  

  
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Trustee, at least 45 days prior to the Redemption Date (or such shorter period as the Trustee may agree but in no event less than 35 days), an Officer’s Certificate requesting that the
Trustee give such notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 
 (b) If any
Note is to be redeemed in part only, the notice of redemption that relates to that Note shall state the portion of the principal amount thereof to be redeemed, in which case a portion of the original Note will be issued in the name of the Holder
thereof upon cancellation of the original Note. In the case of a Global Note, an appropriate notation will be made on such Note to decrease the principal amount thereof to an amount equal to the unredeemed portion thereof. Subject to the terms of
the applicable redemption notice (including any conditions contained therein), Notes called for redemption become due on the date fixed for redemption. On and after the Redemption Date, unless the Company defaults in the payment of the redemption
payment, interest ceases to accrue on Notes or portions of them called for redemption. 
 Section 5.4. Effect of Notice of
Redemption. Once notice of redemption is sent in accordance with Section 5.3 hereof, Notes called for redemption become irrevocably due and payable on the Redemption Date at the redemption price. Notice of redemption may, at the Company’s
option and discretion, be subject to one or more conditions precedent, including, but not limited to, completion of an Equity Offering (in the case of redemption pursuant to Sections 5.7(c) and (f) hereof) or Change of Control (in the case of
purchase pursuant to Section 3.9 hereof), as the case may be. 
 Section 5.5. Deposit of Redemption or Purchase
Price. Prior to 10:00 a.m. Eastern Time on the redemption or purchase date, the Company will deposit with the Trustee or with the Paying Agent money sufficient to pay the redemption or purchase price of and accrued interest, if any, on, all
Notes to be redeemed or purchased on that date. The Trustee or the Paying Agent will promptly return to the Company any money deposited with the Trustee or the Paying Agent by the Company in excess of the amounts necessary to pay the redemption or
purchase price of, and accrued interest, if any, on, all Notes to be redeemed or purchased. 
 If the Company complies with the
provisions of the preceding paragraph, on and after the redemption or purchase date, interest will cease to accrue on the Notes or the portions of Notes called for redemption or purchase. If a Note is redeemed or purchased on or after an interest
record date but on or prior to the related interest payment date, then any accrued and unpaid interest shall be paid to the Person in whose name such Note was registered at the close of business on such record date, and no additional interest will
be payable to Holders whose Notes will be subject to redemption by the Company. If any Note called for redemption or purchase is not so paid upon surrender for redemption or purchase because of the failure of the Company to comply with the preceding
paragraph, interest shall be paid on the unpaid principal, from the redemption or purchase date until such principal is paid, and to the extent lawful on any interest not paid on such unpaid principal, in each case at the rate provided in the Notes
and in Section 3.1 hereof. 
 Section 5.6. Notes Redeemed or Purchased in Part. Upon surrender of a Note that is redeemed or
purchased in part, the Company will issue and, upon receipt of a Company Order, the Trustee will authenticate for the Holder at the expense of the Company a new Note equal in 

  
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principal amount to the unredeemed or unpurchased portion of the Note surrendered; provided, that each such new Note will be in a minimum principal amount of $2,000 or integral multiple of
$1,000 in excess thereof. 
 Section 5.7. Optional Redemption. 

(a) At any time prior to December 15, 2016, the Company may redeem the 2019 Notes, in whole or in part, at its option, upon not less than
30 nor more than 60 days’ prior notice at a redemption price (calculated by the Company) equal to 100% of the principal amount of such Notes plus the relevant Applicable Premium as of, and accrued and unpaid interest, if any, to, but not
including, the redemption date (any such redemption date, a “Redemption Date”). 
 (b) At any time and from time to time on
or after December 15, 2016, the Company may redeem the 2019 Notes, in whole or in part, at its option, upon not less than 30 nor more than 60 days’ notice at the following redemption prices (calculated by the Company) (expressed as a
percentage of principal amount), plus accrued and unpaid interest, if any, to, but not including, the relevant Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest
payment date), if redeemed during the twelve month period beginning on December 15 of the year set forth below: 
  

					
	 Redemption Period
	  	Price	 
	 2016
	  	 	105.063	% 
	 2017
	  	 	103.375	% 
	 2018
	  	 	101.688	% 
	 2019
	  	 	100.000	% 

 (c) At any time and from time to time prior to December 15, 2016, the Company may redeem the 2019 Notes
with the net cash proceeds received by the Company from any Equity Offering at a redemption price (calculated by the Company) equal to 106.75% plus accrued and unpaid interest, if any, to, but not including, the Redemption Date, in an aggregate
principal amount for all such redemptions not to exceed 35% of the original aggregate principal amount of the 2019 Notes (including Additional 2019 Notes), provided that (1) in each case the redemption takes place not later than 180 days after
the closing of the related Equity Offering, and (2) not less than 65% of the original aggregate principal amount of the 2019 Notes issued under this Indenture remains outstanding immediately thereafter (excluding 2019 Notes held by the Company
or any of its Restricted Subsidiaries). 
 (d) At any time prior to December 15, 2017, the Company may redeem the 2021 Notes, in whole
or in part, at its option, upon not less than 30 nor more than 60 days’ prior notice at a redemption price (calculated by the Company) equal to 100% of the principal amount of such Notes plus the relevant Applicable Premium as of, and accrued
and unpaid interest, if any, to, but not including, the Redemption Date. 

  
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 (e) At any time and from time to time on or after December 15, 2017, the Company may redeem
the 2021 Notes, in whole or in part, at its option, upon not less than 30 nor more than 60 days’ notice at the following redemption prices (calculated by the Company) (expressed as a percentage of principal amount), plus accrued and unpaid
interest, if any, to, but not including, the relevant Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date), if redeemed during the twelve month period
beginning on December 15 of the year set forth below: 
  

					
	 Redemption Period
	  	Price	 
	 2017
	  	 	103.625	% 
	 2018
	  	 	101.813	% 
	 2019 and thereafter
	  	 	100.000	% 

 (f) At any time and from time to time prior to December 15, 2017, the Company may redeem the 2021 Notes
with the net cash proceeds received by the Company from any Equity Offering at a redemption price (calculated by the Company) equal to 107.25% plus accrued and unpaid interest, if any, to, but not including, the Redemption Date, in an aggregate
principal amount for all such redemptions not to exceed 35% of the original aggregate principal amount of the 2021 Notes (including Additional 2021 Notes), provided that (1) in each case the redemption takes place not later than 180 days
after the closing of the related Equity Offering, and (2) not less than 65% of the original aggregate principal amount of the 2021 Notes issued under this Indenture remains outstanding immediately thereafter (excluding 2021 Notes held by the
Company or any of its Restricted Subsidiaries). 
 (g) Unless the Company defaults in the payment of the redemption price, interest will
cease to accrue on the Notes or portions thereof called for redemption on the applicable Redemption Date. 
 (h) Any redemption pursuant to
this Section 5.7 shall be made pursuant to the provisions of Sections 5.1 through 5.6. 
 Section 5.8. Mandatory
Redemption. The Company is not required to make mandatory redemption or sinking fund payments with respect to the Notes; provided, however, that under certain circumstances, the Company may be required to offer to purchase Notes
under Section 3.5 and Section 3.9. The Company and its Affiliates may at any time and from time to time purchase Notes in open-market transactions, tender offers or otherwise. 

ARTICLE VI 
 DEFAULTS AND REMEDIES

 Section 6.1. Events of Default. 

(a) Each of the following is an “Event of Default” with respect to the Notes of any series: 

  
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 (1) default in any payment of interest, on any Note of such series when due and
payable, continued for 30 days; 
 (2) default in the payment of the principal amount of or premium, if any, on any Note of
such series issued under this Indenture when due at its Stated Maturity, upon optional redemption, upon required repurchase, upon declaration of acceleration or otherwise; 

(3) (a) failure to comply with Section 3.9 and Section 4.1 for 30 days after written notice by the Trustee on behalf of the
Holders or by the Holders of 25% in principal amount of the outstanding Notes of a series and (b) failure to comply with the Company’s agreements or obligations contained in this Indenture for 60 days after written notice by the Trustee on
behalf of the Holders or by the Holders of 25% in principal amount of the outstanding Notes; 
 (4) default under any
mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness for money borrowed by the Company or any of its Restricted Subsidiaries (or the payment of which is Guaranteed by the
Company or any of its Restricted Subsidiaries) other than Indebtedness owed to the Company or a Restricted Subsidiary or Indebtedness of a Securitization Entity whether such Indebtedness or Guarantee now exists, or is created after the date hereof,
which default: 
 (A) is caused by a failure to pay principal of such Indebtedness, at its stated final maturity (after
giving effect to any applicable grace periods) provided in such Indebtedness (“payment default”); or 
 (B)
results in the acceleration of such Indebtedness prior to its stated final maturity (the “cross acceleration provision”); 
 and, in each
case, the principal amount of any such Indebtedness, together with the principal amount of any other such Indebtedness under which there has been a payment default or the maturity of which has been so accelerated, aggregates $100.0 million or more;

 (5) the Company: 

(A) commences a voluntary case or proceeding; 

(B) consents to the entry of an order for relief against it in an involuntary case or proceeding; 

(C) consents to the appointment of a Custodian of it or for substantially all of its property; 

(D) makes a general assignment for the benefit of its creditors; 

(E) consents to or acquiesces in the institution of a bankruptcy or an insolvency proceeding against it; or 

  
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 (F) takes any comparable action under any foreign laws relating to insolvency
(collectively, the “bankruptcy provisions”); 
 (6) a court of competent jurisdiction enters an order or
decree under any Bankruptcy Law that: 
 (A) is for relief against the Company in an involuntary case; 

(B) appoints a Custodian of the Company for substantially all of its property; 

(C) orders the winding up or liquidation of the Company; or 

(D) grants similar relief under any foreign laws and the order, decree or relief remains unstayed and in effect for 60
consecutive days; 
 (7) failure by the Company or any Significant Subsidiary or group of Restricted Subsidiaries that, taken
together (as of the latest audited consolidated financial statements for the Company and its Restricted Subsidiaries) would constitute a Significant Subsidiary, other than, in each case, any Securitization Entity, to pay final judgments aggregating
in excess of $100.0 million other than any judgments covered by indemnities provided by, or insurance policies issued by, reputable and creditworthy companies, which final judgments remain unpaid, undischarged and unstayed for a period of more than
60 days after such judgment becomes final, and in the event such judgment is covered by insurance, an enforcement proceeding has been commenced by any creditor upon such judgment or decree which is not promptly stayed (the “judgment default
provision”); and 
 (8) any Guarantee of the Notes ceases to be in full force and effect, other than in accordance
with the terms of this Indenture or a Guarantor denies or disaffirms its obligations under its Guarantee of the Notes, other than in accordance with the terms thereof or upon release of such Guarantee in accordance with this Indenture. 

(b) Notwithstanding the foregoing, a default under Section 6.1(a)(3), (4) or (7) will not constitute an Event of Default until the Trustee or
the Holders of 25% in principal amount of the outstanding Notes notify the Company in writing of the default and, with respect to Section 6.1(a)(3) or (7) the Company does not cure such default within the time specified in Section 6.1(a)(3) or (7),
as applicable, after receipt of such notice. 
 Section 6.2. Acceleration. 

(a) If an Event of Default (other than an Event of Default described in Section 6.1(a)(5) and (6)) occurs and is continuing, the Trustee by
written notice to the Company or the Holders of at least 25% in principal amount of the outstanding Notes of a series by written notice to the Company and the Trustee may declare the principal of, premium, if any, and accrued and unpaid interest, if
any, on all the Notes of such series to be immediately due and payable. Upon such a declaration, such principal, premium and accrued and unpaid interest, if any, will be due and payable immediately. 

  
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 In the event of any declaration of acceleration of the Notes of a series because an Event of
Default specified in Section 6.1(a)(4) has occurred and is continuing, such declaration of acceleration of the Notes of such series and all consequences thereof shall be annulled automatically and without any action by the Trustee or the Holders, if
within 30 days after the declaration of acceleration with respect thereto: 
 (1)   (x) the default that is the
basis for such Event of Default has been remedied, cured or waived; or 
 (y) the Indebtedness that gave rise to such Event
of Default shall have been discharged in full; and 
 (2)   (x) the annulment of the acceleration of the Notes of
such series would not conflict with any judgment or decree of a court of competent jurisdiction; and 
 (y) all existing
Events of Default, except nonpayment of principal, premium or interest, if any, on the Notes that became due solely because of the acceleration of the Notes of such series, have been cured or waived. 

(b) If an Event of Default specified in Section 6.1(a)(5) and (6) occurs and is continuing, the principal of, premium, if any, and accrued and
unpaid interest, if any, on all the Notes of such series will become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. 

Section 6.3. Other Remedies. If an Event of Default occurs and is continuing with respect to a series of Notes, the Trustee
may pursue any available remedy by proceeding at law or in equity to collect the payment of principal of, or premium, if any, or interest on the Notes of such series or to enforce the performance of any provision of the Notes of such series or this
Indenture. 
 The Trustee may maintain a proceeding even if it does not possess any of the Notes of such series or does not produce
any of them in the proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of
Default. No remedy is exclusive of any other remedy. All available remedies are cumulative. 
 Section 6.4. Waiver of Past
Defaults. The Holders of a majority in aggregate principal amount of the then outstanding Notes of a series by written notice to the Trustee may, on behalf of all of the Holders of such series, (a) waive, by their consent (including,
without limitation, consents obtained in connection with a purchase of, or tender offer or exchange offer for, such Notes), all past or existing Defaults or Events of Default and their consequences under this Indenture except (i) a Default or
Event of Default in the payment of the principal of, or premium, if any, or interest (except pursuant to a rescission of acceleration of the Notes of such series by the Holders of at least a majority in principal amount of such Notes and a waiver of
the payment default that resulted from such acceleration) or (ii) a Default or Event of Default in respect of a provision that under Section 9.2 cannot be amended without the consent of each Holder affected and (b) rescind any acceleration
with respect to the Notes of such series and its consequences if (1) such rescission would not conflict with any judgment or decree of a court of competent 

  
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jurisdiction, (2) all existing Events of Default have been cured or waived except nonpayment of principal, premium, if any, or interest that has become due solely because of the
acceleration, (3) to the extent the payment of such interest is lawful, interest on overdue installments of interest, premium, if any, and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid
and (4) the Company has paid the Trustee its compensation and reimbursed the Trustee for its reasonable expenses, disbursements and advances. No such rescission shall affect any subsequent Default or impair any right consequent thereto. When a
Default or Event of Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Default or Event of Default or impair any consequent right. 

Section 6.5. Control by Majority. The Holders of a majority in principal amount of the outstanding Notes of a series may
direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or of exercising any trust or power conferred on the Trustee with respect to such series. However, the Trustee may refuse to follow any direction
that conflicts with law or this Indenture or the Notes of such series or, subject to Sections 7.1 and 7.2, that the Trustee determines is unduly prejudicial to the rights of other Holders or would involve the Trustee in personal liability;
provided, however, that the Trustee may take any other action deemed proper by the Trustee that is not inconsistent with such direction. Prior to taking any such action hereunder, the Trustee shall be entitled to indemnification
satisfactory to it against all fees, losses, liabilities and expenses (including attorney’s fees and expenses) caused by or that might be caused by taking or not taking such action. 

Section 6.6. Limitation on Suits. Subject to Section 6.7, no Holder may pursue any remedy with respect to this Indenture or
the Notes of a series unless: 
 (1) such Holder has previously given the Trustee written notice that an Event of
Default is continuing; 
 (2) Holders of at least 25% in principal amount of the outstanding Notes of such series have
requested in writing the Trustee to pursue the remedy; 
 (3) such Holders have offered in writing the Trustee security or
indemnity satisfactory to the Trustee against any loss, liability or expense; 
 (4) the Trustee has not complied with such
request within 60 days after the receipt of the written request and the offer of security or indemnity; and 
 (5) the
Holders of a majority in principal amount of the outstanding Notes of such series have not given the Trustee a written direction that, in the opinion of the Trustee, is inconsistent with such request within such 60-day period. 

A Holder may not use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder (it
being understood that the Trustee does not have an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders). 

  
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 Section 6.7. Rights of Holders to Receive Payment. Notwithstanding any other
provision of this Indenture (including, without limitation, Section 6.6), the right of any Holder to receive payment of principal of, premium, if any, or interest on the Notes held by such Holder, on or after the respective due dates expressed or
provided for in the Notes, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder. 

Section 6.8. Collection Suit by Trustee. If an Event of Default specified in Section 6.1(a)(1) or (2) occurs and is
continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for the whole amount then due and owing (together with interest on any unpaid interest, if any, to the extent lawful) and the amounts
provided for in Section 7.7. 
 Section 6.9. Trustee May File Proofs of Claim. The Trustee may file such proofs of
claim and other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and
the Holders allowed in any judicial proceedings relative to the Company, its Subsidiaries or its or their respective creditors or properties and, unless prohibited by law or applicable regulations, may be entitled and empowered to participate as a
member of any official committee of creditors appointed in such matter and may vote on behalf of the Holders in any election of a trustee in bankruptcy or other Person performing similar functions, and any Custodian in any such judicial proceeding
is hereby authorized by each Holder to make payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due it for the compensation, expenses,
disbursements and advances of the Trustee, its agents and its counsel, and any other amounts due the Trustee under Section 7.7. 
 No
provision of this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any
Holder thereof or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 
 Section 6.10.
Priorities.  
 (a) If the Trustee collects any money or property pursuant to this Article VI, it shall pay out the money or property
in the following order: 
 FIRST: to the Trustee for amounts due to it under Section 7.7; 

SECOND: to Holders for amounts due and unpaid on the Notes for principal of, or premium, if any, and interest ratably, without preference or
priority of any kind, according to the amounts due and payable on the Notes for principal of, or premium, if any, and interest, respectively; and 

THIRD: to the Company, or to the extent the Trustee collects any amount for any Guarantor, to such Guarantor. 

  
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 (b) The Trustee may fix a record date and payment date for any payment to Holders pursuant to
this Section 6.10. At least 15 days before such record date, the Company shall send or cause to be sent to each Holder and the Trustee a notice that states the record date, the payment date and amount to be paid. 

Section 6.11. Undertaking for Costs. In any suit for the enforcement of any right or remedy under this Indenture or in any
suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess
reasonable costs, including reasonable attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section 6.11 does not apply
to a suit by the Trustee, a suit by the Company, a suit by a Holder pursuant to Section 6.7 or a suit by Holders of more than 10% in outstanding principal amount of the Notes of a series. 

ARTICLE VII 
 TRUSTEE 

Section 7.1. Duties of Trustee. 

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

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

(1) the Trustee undertakes to perform such duties and only such duties as are specifically set forth as duties of the Trustee
in this Indenture or the Notes and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(2) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates, opinions or orders furnished to the Trustee and conforming to the requirements of this Indenture or the Notes, as the case may be. However, in the case of any such certificates or
opinions which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such certificates and opinions to determine whether or not they conform to the requirements of this Indenture or the Notes,
as the case may be (but need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 
 (c) The
Trustee may not be relieved from liability for its own grossly negligent action, its own grossly negligent failure to act or its own willful misconduct, except that: 

(1) this paragraph does not limit the effect of paragraph (b) of this Section 7.1; 

  
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 (2) the Trustee shall not be liable for any error of judgment made in good faith
by a Trust Officer unless it is proved that the Trustee was grossly negligent in ascertaining the pertinent facts; and 
 (3)
the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a direction received by it pursuant to Section 6.5. 

(d) No provision of this Indenture or the Notes shall require the Trustee to expend or risk its own funds or otherwise incur financial
liability in the performance of any of its duties hereunder or thereunder or in the exercise of any of its rights or powers, if it shall have reasonable grounds to believe that repayment of such funds or indemnity satisfactory to it against such
risk or liability is not reasonably assured to it. 
 (e) Every provision of this Indenture that in any way relates to the Trustee is
subject to paragraphs (a), (b), (c) and (d) of this Section 7.1. 
 (f) The Trustee shall not be liable for interest on any money received
by it except as the Trustee may agree in writing with the Company. 
 (g) Money held in trust by the Trustee need not be segregated from
other funds except to the extent required by law. 
 (h) Every provision of this Indenture relating to the conduct or affecting the
liability of or affording protection to the Trustee shall be subject to the provisions of this Section 7.1 and to the provisions of the TIA. 

Section 7.2. Rights of Trustee. Subject to Section 7.1: 

(i) The Trustee may conclusively rely on and shall be fully protected in acting or refraining from acting upon any resolution,
certificate, statement, instrument, opinion, report, notice, request, direction, consent, order or other paper or document (whether in its original or facsimile form) reasonably believed by it to be genuine and to have been signed or presented by
the proper Person. The Trustee need not investigate any fact or matter stated in the document. The Trustee shall receive and retain financial reports and statements of the Company as provided herein, but shall have no duty to review or analyze such
reports or statements to determine compliance with covenants or other obligations of the Company. 
 (ii) Before the Trustee
acts or refrains from acting, it may require an Officer’s Certificate and/or an Opinion of Counsel. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on an Officer’s Certificate or Opinion
of Counsel. 
 (iii) The Trustee may execute any of the trusts and powers hereunder or perform any duties hereunder either
directly or by or through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent or attorney appointed with due care by it hereunder. 

  
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 (iv) The Trustee shall not be liable for any action it takes or omits to take in
good faith which it believes to be authorized or within its rights or powers conferred upon it by this Indenture. 
 (v) The
Trustee may consult with counsel of its selection, and the advice or opinion of counsel relating to this Indenture or the Notes shall be full and complete authorization and protection from liability in respect of any action taken, omitted or
suffered by it hereunder or under the Notes in good faith and in accordance with the advice or opinion of such counsel. 

(vi) The Trustee shall not be deemed to have notice of any Default or Event of Default or whether any entity or group of
entities constitutes a Significant Subsidiary unless a Trust Officer of the Trustee has received written notice of such event which is in fact such a Default or of any such Significant Subsidiary at the corporate trust office of the Trustee
specified in Section 3.11, and such notice references the Notes and this Indenture. 
 (vii) The rights, privileges,
protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and to each agent, custodian and
other Person employed to act hereunder. 
 (viii) The Trustee shall be under no obligation to exercise any of the rights or
powers vested in it by this Indenture or the Notes at the request, order or direction of any of the Holders pursuant to the provisions of this Indenture, unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it
against the costs, expenses and liabilities which may be incurred therein or thereby. 
 (ix) The Trustee shall not be deemed
to have knowledge of any fact or matter unless written notice of such fact or matter has been received by a Trust Officer of the Trustee. 

(x) Whenever in the administration of this Indenture or the Notes the Trustee shall deem it desirable that a matter be proved
or established prior to taking, suffering or omitting any action hereunder or thereunder, the Trustee (unless other evidence be herein specifically prescribed) may, in the absence of bad faith or willful misconduct on its part, conclusively rely
upon an Officer’s Certificate. 
 (xi) The Trustee shall not be bound to make any investigation into the facts or
matters stated in any resolution, certificate, statement, instrument, report, notice, request, direction, consent, order, bond, debenture, coupon or other paper or document, but the Trustee, in its discretion, may make such further inquiry or
investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to 

  
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examine, during business hours and upon reasonable notice, the books, records and premises of the Company and the Restricted Subsidiaries, personally or by agent or attorney at the sole cost of
the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(xii) The Trustee shall not be required to give any bond or surety in respect of the performance of its powers and duties
hereunder. 
 (xiii) The Trustee may request that the Company deliver an Officer’s Certificate setting forth the names
of individuals and/or titles of officers authorized at such time to take specified actions pursuant to this Indenture or the Notes. 

(xiv) In no event shall the Trustee be liable to any Person for special, punitive, indirect, consequential or incidental loss
or damage of any kind whatsoever (including, but not limited to, lost profits), even if the Trustee has been advised of the likelihood of such loss or damage. 

(xv) Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company shall
be sufficient if signed by an Officer of the Company. 
 (xvi) The permissive rights of the Trustee to take or refrain from
taking any action enumerated in this Indenture will not be construed as an obligation or duty. 
 Section 7.3. Individual
Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company, Guarantors or their Affiliates with the same rights it would have if it were not Trustee.
Any Paying Agent, Registrar, co-registrar or co-paying agent may do the same with like rights. However, the Trustee must comply with Sections 7.10 and 7.11. In addition, the Trustee shall be permitted to engage in transactions with the Company;
provided, however, that if the Trustee acquires any conflicting interest under the TIA, the Trustee must (i) eliminate such conflict within 90 days of acquiring such conflicting interest, (ii) apply to the SEC for permission
to continue acting as Trustee or (iii) resign. 
 Section 7.4. Trustee’s Disclaimer. The Trustee shall not be
responsible for and makes no representation as to the validity or adequacy of this Indenture or the Notes, shall not be accountable for the Company’s use of the proceeds from the sale of the Notes, shall not be responsible for the use or
application of any money received by any Paying Agent other than the Trustee or any money paid to the Company pursuant to the terms of this Indenture and shall not be responsible for any statement of the Company in this Indenture or in any document
issued in connection with the sale of the Notes or in the Notes other than the Trustee’s certificate of authentication. 

Section 7.5. Notice of Defaults. If a Default or Event of Default occurs and is continuing, the Trustee shall deliver to each
Holder notice of the Default or Event of Default within 60 days after being notified by the Company or any Holder. Except in the case of a 

  
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Default or Event of Default in payment of principal of, or premium, if any, or interest on any Note (including payments pursuant to the optional redemption or required repurchase provisions of
such Note), the Trustee may withhold the notice if and so long as a committee of Trust Officers of the Trustee in good faith determines that withholding the notice is in the interests of Holders. 

Section 7.6. Reports by Trustee to Holders. Within 60 days after each March 31 beginning March 31, 2015, the
Trustee shall deliver to each Holder a brief report dated as of such March 31 that complies with TIA Section 313(a) if and to the extent required thereby. The Trustee also shall comply with TIA Section 313(c). 

A copy of each report at the time of its delivery to Holders shall be filed with the SEC and each stock exchange (if any) on which the Notes
are listed. The Company agrees to notify the Trustee promptly in writing whenever the Notes become listed on any stock exchange and of any delisting thereof and the Trustee shall comply with TIA Section 313(d). 

Section 7.7. Compensation and Indemnity. The Company shall pay to the Trustee from time to time compensation for its
services hereunder and under the Notes as the Company and the Trustee shall from time to time agree in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall
reimburse the Trustee upon request for all reasonable out-of-pocket expenses incurred or made by it, including, but not limited to, costs of collection, costs of preparing reports, certificates and other documents, costs of preparation and mailing
of notices to Holders. Such expenses shall include the reasonable compensation and expenses, disbursements and advances of the agents, counsel, accountants and experts of the Trustee. The Company and the Guarantors, jointly and severally, shall
indemnify the Trustee against any and all fees, losses, liability, damages, claims or expenses, including taxes (other than taxes based upon the income of the Trustee) (including reasonable attorneys’ and agents’ fees and expenses)
incurred by it without willful misconduct, gross negligence or bad faith, as determined by a court of competent jurisdiction, on its part in connection with the administration of this trust and the performance of its duties hereunder and under the
Notes, including the fees, costs and expenses of enforcing this Indenture (including this Section 7.7) and the Notes and of defending itself against any claims (whether asserted by any Holder, the Company or otherwise). The Trustee shall notify the
Company promptly of any claim for which it may seek indemnity of which it has received written notice. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder.  

To secure the Company’s payment and indemnification obligations in this Section 7.7, the Trustee shall have a lien prior to the Notes on
all money or property held or collected by the Trustee. Such lien shall survive the satisfaction and discharge of this Indenture. The Trustee’s respective right to receive payment of any amounts due under this Section 7.7 shall not be
subordinate to any other liability or Indebtedness of the Company. 
 The Company’s payment and indemnification obligations pursuant to
this Section 7.7 shall survive the discharge of this Indenture and any resignation or removal of the Trustee. Without prejudice to any other rights available to the Trustee under applicable law, when the Trustee incurs fees, expenses or renders
services after the occurrence of a Default specified in Section 6.1(a)(5) or (6), the fees and expenses (including the reasonable fees and expenses of its counsel) are intended to constitute expenses of administration under any Bankruptcy Law.

  
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 Section 7.8. Replacement of Trustee. The Trustee may resign at any time by so
notifying the Company in writing not less than 30 days prior to the effective date of such resignation. The Holders of a majority in principal amount of the then outstanding Notes may remove the Trustee by so notifying the removed Trustee in writing
not less than 30 days prior to the effective date of such removal and may appoint a successor Trustee with the Company’s written consent, which consent will not be unreasonably withheld. If: 

(1) the Trustee fails to comply with Section 7.3 hereof; 

(2) the Trustee fails to comply with Section 7.10 hereof; 

(3) the Trustee is bankrupt or insolvent; or 

(4) the Trustee otherwise becomes incapable of acting, 

then the Company may remove the Trustee, or any Holder who has been a bona fide Holder for not less than six months may petition any court for removal of the
Trustee and appointment of a successor Trustee. 
 Any removal or resignation of the Trustee shall not become effective until the acceptance
of appointment by the successor Trustee. Notwithstanding the preceding sentence, if the Trustee resigns or is removed by the Company or by the Holders of a majority in principal amount of the Notes and such Holders do not reasonably promptly appoint
a successor Trustee as described in the preceding paragraph, or if a vacancy exists in the office of the Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Company shall promptly appoint a
successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company.
Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall deliver a notice of its
succession to Holders. The retiring Trustee shall, at the expense of the Company, promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.7. 

If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee or the
Holders of at least 10% in principal amount of the Notes may petition, at the Company’s expense, any court of competent jurisdiction for the appointment of a successor Trustee. 

If the Trustee fails to comply with Section 7.10, unless the Trustee’s duty to resign is stayed as provided in TIA Section 310(b),
any Holder, who has been a bona fide holder of a Note for at least six months, may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

  
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 Notwithstanding the replacement of the Trustee pursuant to this Section 7.8, the Company’s
obligations under Section 7.7 shall continue for the benefit of the retiring Trustee. The predecessor Trustee shall have no liability for any action or inaction of any successor Trustee. 

Section 7.9. Successor Trustee by Merger. If the Trustee consolidates with, merges or converts into, or transfers all or
substantially all its corporate trust business or assets to, another corporation or banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Trustee. 

In case at the time such successor or successors by merger, conversion or consolidation to the Trustee shall succeed to the trusts
created by this Indenture, any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee, and deliver such Notes so authenticated; and in
case at that time any of the Notes shall not have been authenticated, any successor to the Trustee may authenticate such Notes either in the name of any predecessor hereunder or in the name of the successor to the Trustee; provided that the
right to adopt the certificate of authentication of any predecessor Trustee or authenticate Notes in the name of any predecessor Trustee shall only apply to its successor or successors by merger, consolidation or conversion. 

Section 7.10. Eligibility; Disqualification. This Indenture shall always have a Trustee that satisfies the requirements of
TIA Section 310(a)(1), (2) and (5) in every respect. The Trustee shall have a combined capital and surplus of at least $100 million as set forth in its most recent published annual report of condition. The Trustee shall comply with
TIA Section 310(b); provided, however, that there shall be excluded from the operation of TIA Section 310(b)(1) any indenture or indentures under which other securities or certificates of interest or participation in other
securities of the Company are outstanding if the requirements for such exclusion set forth in TIA Section 310(b)(1) are met. 

Section 7.11. Preferential Collection of Claims Against the Company. The Trustee shall comply with TIA Section 311(a),
excluding any creditor relationship listed in TIA Section 311(b). A Trustee who has resigned or been removed shall be subject to TIA Section 311(a) to the extent indicated. 

Section 7.12. Trustee’s Application for Instruction from the Company. Any application by the Trustee for written
instructions from the Company may, at the option of the Trustee, set forth in writing any action proposed to be taken or omitted by the Trustee under this Indenture and the date on and/or after which such action shall be taken or such omission shall
be effective. The Trustee shall not be liable for any action taken by, or omission of, the Trustee in accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less than three
Business Days after the date any Officer of the Company actually receives such application, unless any such Officer shall have consented in writing to any earlier date) unless prior to taking any such action (or the effective date in the case of an
omission), the Trustee shall have received written instructions in response to such application specifying the action to be taken or omitted. 

  
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 ARTICLE VIII 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 

Section 8.1. Option to Effect Legal Defeasance or Covenant Defeasance; Defeasance. The Company may, at its option and at
any time, elect to have either Section 8.2 or 8.3 hereof be applied to all outstanding Notes of any series upon compliance with the conditions set forth in this Article VIII. 

Section 8.2. Legal Defeasance and Discharge. Upon the Company’s exercise under Section 8.1 hereof of the option
applicable to this Section 8.2, the Company and each of the Guarantors will, subject to the satisfaction of the conditions set forth in Section 8.4 hereof, be deemed to have been discharged from their obligations with respect to all outstanding
Notes of any series (including the Guarantees) on the date the conditions set forth in Section 8.4 are satisfied with respect to the Notes of such series (hereinafter, “Legal Defeasance”). If the Company exercises its
Legal Defeasance option, payment of the Notes of the applicable series may not be accelerated because of an Event of Default with respect to the Notes of such series. For this purpose, Legal Defeasance means that the Company and the Guarantors will
be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes of such series (including the Guarantees), which will thereafter be deemed to be “outstanding” only for the purposes of Section 8.5 hereof
and the other Sections of this Indenture referred to in clauses (1) and (2) below, and to have satisfied all of their other obligations under such Notes of such series, the Guarantees and this Indenture (and the Trustee, on written demand
of and at the expense of the Company, shall execute proper instruments acknowledging the same) and to have cured all then existing Defaults and Events of Default, except for the following provisions which will survive until otherwise terminated or
discharged hereunder: 
 (1) the rights of Holders of Notes of such series issued under this Indenture to receive
payments in respect of the principal of, premium, if any, and interest on the Notes of such series when such payments are due solely out of the trust referred to in Section 8.4 hereof; 

(2) the Company’s obligations with respect to the Notes of such series under Article II concerning issuing temporary
Notes, registration of such Notes, mutilated, destroyed, lost or stolen Notes and Section 3.11 hereof concerning the maintenance of an office or agency for payment and money for security payments held in trust; 

(3) the rights, powers, trusts, duties, immunities and indemnities of the Trustee and the Company’s or Guarantors’
obligations in connection therewith; and 
 (4) this Article VIII with respect to provisions relating to Legal Defeasance.

 Subject to compliance with this Section 8.2, the Company may exercise its option under Section 8.2 notwithstanding the prior exercise of
its option under Section 8.3 hereof. 
 Section 8.3. Covenant Defeasance. Upon the Company’s exercise under Section
8.1 hereof of the option applicable to this Section 8.3, the Company and each of the Guarantors will,  

  
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subject to the satisfaction of the conditions set forth in Section 8.4 hereof, be released from each of their obligations under the covenants contained in Sections 3.2, 3.3, 3.4, 3.5, 3.6,
3.7, 3.8, 3.9, 3.10, 3.17, 3.19, 3.20, 3.21 and 4.1 (except Section 4.1(a)(1) and (2)) hereof with respect to the outstanding Notes on and after the date the conditions set forth in Section 8.4 hereof are satisfied (hereinafter, “Covenant
Defeasance”), and the Notes will thereafter be deemed not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants,
but will continue to be deemed “outstanding” for all other purposes hereunder. For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes and Guarantees, the Company and the Guarantors may omit to comply with
and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such
covenant to any other provision herein or in any other document and such omission to comply shall not constitute a Default or an Event of Default under Section 6.1 hereof, but, except as specified in this Section, the remainder of this Indenture and
such Notes and Guarantees will be unaffected thereby. In addition, upon the Company’s exercise under Section 8.1 hereof of the option applicable to this Section 8.3, subject to the satisfaction of the conditions set forth in Section 8.4 hereof,
Sections 6.1(a)(3) (solely with respect to the defeased covenants listed above), 6.1(a)(4), 6.1(a)(5), 6.1(a)(6), 6.1(a)(7) and 6.1(a)(8) hereof shall not constitute Events of Default. 

Section 8.4. Conditions to Legal or Covenant Defeasance. In order to exercise either Legal Defeasance or Covenant
Defeasance under either Section 8.2 or 8.3 hereof, with respect to any series of Notes: 
 (1) the Company must
irrevocably deposit with the Trustee, in trust (the “Defeasance Trust”), for the benefit of the Holders, money in dollars or U.S. Government Obligations or a combination thereof in such amounts as will be sufficient, in the opinion
of a nationally recognized investment bank, appraisal firm or firm of independent public accountants, to pay the principal of and premium, if any, and interest due on the Notes of such series issued under this Indenture on the stated maturity date
or on the applicable Redemption Date, as the case may be, and the Company must specify whether such Notes of such series are being defeased to maturity or to a particular Redemption Date; 

(2) in the case of Legal Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel in the United States
stating that, subject to customary assumptions and exclusions; 
 (A) the Company has received from, or there has been
published by, the United States Internal Revenue Service a ruling; or 
 (B) since the issuance of the Notes of such series,
there has been a change in the applicable U.S. federal income tax law; 
 in either case stating that, and based thereon such Opinion of
Counsel in the United States shall confirm that, subject to customary assumptions and exclusions, the Holders of the 

  
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Notes of such series will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and will be subject to U.S. federal income tax on the same
amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not occurred; 

(3) in the case of Covenant Defeasance, the Company shall have delivered to the Trustee an Opinion of Counsel in the United
States stating that, subject to customary assumptions and exclusions, the Holders of the Notes of such series will not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Covenant Defeasance and will be subject to
U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(4) no Default or Event of Default (other than that resulting from borrowing funds to be applied to make such deposit and the
granting of Liens in connection therewith) shall have occurred and be continuing on the date of such deposit; 
 (5) such
Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under the Credit Facilities or any other material agreement or instrument (other than this Indenture) to which, the Company or any
Guarantor is a party or by which the Company or any Guarantor is bound; 
 (6) the Company shall have delivered to the
Trustee an Opinion of Counsel to the effect that, as of the date of such opinion and subject to customary assumptions and exclusions following the deposit, the trust funds will not be subject to the effect of Section 547 of Title 11 of the
United States Code, as amended; 
 (7) the Company shall have delivered to the Trustee an Officer’s Certificate stating
that the deposit was not made by the Company with the intent of defeating, hindering, delaying, defrauding or preferring any creditors of the Company; and 

(8) the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel (which Opinion of
Counsel may be subject to customary assumptions and exclusions), each stating that all conditions precedent provided for or relating to Legal Defeasance or Covenant Defeasance, as the case may be, have been complied with. 

Section 8.5. Deposited Money and U.S. Government Obligations to be Held in Trust; Other Miscellaneous Provisions. Subject
to Section 8.6 hereof, all money and U.S. Government Obligations (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes of this Section 8.5, the “Trustee”)
pursuant to Section 8.4 hereof in respect of the outstanding Notes of the applicable series will be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this Indenture, to the payment, either directly or
through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal, premium, if any, and interest, but such money need
not be segregated from other funds except to the extent required by law. 

  
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 The Company will pay and indemnify the Trustee against any tax, fee or other charge imposed on or
assessed against the money or U.S. Government Obligations deposited pursuant to Section 8.4 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for the account of the Holders
of the outstanding Notes of such series. 
 Notwithstanding anything in this Article VIII to the contrary, the Trustee will deliver or pay
to the Company from time to time upon the request of the Company any money or U.S. Government Obligations held by it as provided in Section 8.4 hereof which, in the opinion of a nationally recognized investment bank, appraisal firm or firm of
independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.4(1) hereof), are in excess of the amount thereof that would then be required to be deposited to
effect an equivalent Legal Defeasance or Covenant Defeasance. 
 Section 8.6. Repayment to the Company. Any money
deposited with the Trustee or any Paying Agent, or then held by the Company, in trust for the payment of the principal of, premium, if any, or interest on, any Note and remaining unclaimed for two years after such principal, premium, if any, or
interest has become due and payable shall be paid to the Company on its written request unless an abandoned property law designates another Person or (if then held by the Company) will be discharged from such trust; and the Holder of such Note will
thereafter be permitted to look only to the Company for payment thereof unless an abandoned property law designates another Person, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the
Company as trustee thereof, will thereupon cease; provided, however, that the Trustee or such Paying Agent, before being required to make any such repayment, shall at the expense of the Company cause to be published once, in The New
York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed and that, after a date specified therein, which will not be less than 30 days from the date of such notification or publication, any unclaimed
balance of such money then remaining will be repaid to the Company. 
 Section 8.7. Reinstatement. If the Trustee
or Paying Agent is unable to apply any money or U.S. dollars or U.S. Government Obligations in accordance with Section 8.2 or 8.3 hereof, as the case may be, by reason of any order or judgment of any court or Governmental Authority enjoining,
restraining or otherwise prohibiting such application, then the Company’s and the Guarantors’ obligations under this Indenture and the Notes and the Guarantees will be revived and reinstated as though no deposit had occurred pursuant to
Section 8.2 or 8.3 hereof until such time as the Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.2 or 8.3 hereof, as the case may be; provided, however, that, if the Company makes any payment
of principal of, premium, if any, or interest on, any Note following the reinstatement of its obligations, the Company will be subrogated to the rights of the Holders of such Notes to receive such payment from the money or U.S. Government
Obligations held by the Trustee or Paying Agent. 

  
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 ARTICLE IX 

AMENDMENTS 

Section 9.1. Without Consent of Holders. Notwithstanding Section 9.2 of this Indenture, the Company, any Guarantor (with
respect to its Guarantee or this Indenture) and the Trustee may amend or supplement any Note Documents without the consent of any Holder to: 

(1) cure any ambiguity, omission, mistake, defect, error or inconsistency, conform any provision to the “Description of
the Notes” in the Offering Memorandum or reduce the minimum denomination of any series of the Notes; 
 (2) provide for
the assumption by a successor Person of the obligations of the Company under any Note Document; 
 (3) provide for
uncertificated Notes in addition to or in place of certificated Notes; 
 (4) add to the covenants or provide for a Guarantee
for the benefit of the Holders or surrender any right or power conferred upon the Company or any Restricted Subsidiary; 

(5) make any change that does not adversely affect the rights of any Holder in any material respect; 

(6) at the Company’s election, comply with any requirement of the SEC in connection with the qualification of this
Indenture under the Trust Indenture Act, if such qualification is required; 
 (7) make such provisions as necessary (as
determined in good faith by the Company) for the issuance of Additional Notes; 
 (8) provide for any Restricted Subsidiary
to provide a Guarantee in accordance with Section 3.7, to add Guarantees with respect to the Notes, to add security to or for the benefit of the Notes, or to confirm and evidence the release, termination, discharge or retaking of any Guarantee or
Lien with respect to or securing the Notes when such release, termination, discharge or retaking is provided for under this Indenture; 

(9) evidence and provide for the acceptance and appointment under this Indenture of a successor Trustee pursuant to the
requirements hereof or to provide for the accession by the Trustee to any Note Document; or 
 (10) make any amendment to the
provisions of this Indenture relating to the transfer and legending of Notes as permitted by this Indenture, including, without limitation, to facilitate the issuance and administration of Notes; provided, however, that
(i) compliance with this Indenture as so amended would not result in Notes being 

  
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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 Notes. 

Subject to Section 9.2, upon the request of the Company, and upon receipt by the Trustee of the documents described in Sections 9.6 and 12.4
hereof, the Trustee will join with the Company and the Guarantors in the execution of such amended or supplemental indenture unless such amended or supplemental indenture affects the Trustee’s own rights, duties or immunities under this
Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter into such amended or supplemental Indenture. 

Section 9.2. With Consent of Holders. 

(a) Except as provided in this Section 9.2, the Company, the Guarantors and the Trustee may amend or supplement this Indenture as it pertains
to the 2019 Notes or the 2021 Notes, as applicable, with the consent of the Holders of at least a majority in aggregate principal amount of such series of Notes then outstanding and issued under this Indenture (including, without limitation,
consents obtained in connection with a purchase of, or tender offer or exchange offer for, such Notes), voting as a separate class, and, subject to Sections 6.4 and 6.7 hereof, any existing Default or Event of 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 a Default or Event of Default in respect of a provision that under this
Section 9.2 cannot be amended without the consent of each Holder affected) or compliance with any provision of the Note Documents may be waived with the consent of the Holders of a majority in aggregate principal amount of such series of Notes then
outstanding, voting as a separate class (including consents obtained in connection with a purchase of or tender offer or exchange offer for Notes). Section 2.12 hereof and Section 12.6 hereof shall determine which Notes are considered to be
“outstanding” for the purposes of this Section 9.2. 
 Upon the request of the Company, and upon the filing with the Trustee of
evidence of the consent of the Holders of Notes as aforesaid, and upon receipt by the Trustee of the documents described in Sections 9.6 and 12.4 hereof, the Trustee will join with the Company and the Guarantors in the execution of such amended or
supplemental indenture unless such amended or supplemental indenture affects the Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may in its discretion, but will not be obligated to, enter
into such amended or supplemental Indenture. 
 (b) Without the consent of each Holder of Notes affected, an amendment, supplement or waiver
may not, with respect to any Notes issued thereunder and held by a non-consenting Holder: 
 (1) reduce the principal amount
of such Notes whose Holders must consent to an amendment; 
 (2) reduce the stated rate of or extend the stated time for
payment of interest on any such Note; 

  
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 (3) reduce the principal of or extend the Stated Maturity of any such Note; 

(4) reduce the premium payable upon the redemption of any such Note or change the time at which any such Note may be redeemed
(but not the notice period therefor), in each case as set forth in Section 5.7; 
 (5) make any such Note payable in money
other than that stated in such Note; 
 (6) impair the right of any Holder to receive payment of principal of and interest on
such Holder’s Notes on or after the due dates therefor or to institute suit for the enforcement of any such payment on or with respect to such Holder’s Notes; 

(7) waive a Default or Event of Default with respect to the nonpayment of principal, premium or interest (except pursuant to a
rescission of acceleration of the Notes by the Holders of at least a majority in principal amount of such Notes and a waiver of the payment default that resulted from such acceleration); or 

(8) make any change in the amendment or waiver provisions which require the Holders’ consent described in this Section
9.2. 
 Notwithstanding the foregoing, if any amendment, waiver or other modification affects only the rights of the 2019 Notes or the 2021
Notes, as applicable, the Holders of the other series of Notes shall not be required to consent thereto (and in such case, only the consent of a majority in principal amount of the affected series of Notes or each Holder, as applicable, shall be
required to consent thereto). For the avoidance of doubt, it is understood and agreed that any matter described in the preceding paragraphs that by its terms applies only to the 2019 Notes or the 2021 Notes shall not be deemed to affect the rights
of, or require the consent of, the Holders of the other series of Notes and shall require only the consent of the Holders of the 2019 Notes or the 2021 Notes, as the case may be. 

It shall not be necessary for the consent of the Holders under this Indenture to approve the particular form of any proposed amendment,
supplement or waiver, but it shall be sufficient if such consent approves the substance thereof. A consent to any amendment, supplement or waiver under this Indenture by any Holder of the Notes given in connection with a tender or exchange of such
Holder’s Notes will not be rendered invalid by such tender or exchange. 
 After an amendment or supplement under this Section 9.2
becomes effective, the Company shall deliver to Holders a notice briefly describing such amendment or supplement. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an amendment or
supplement. 
 Section 9.3. [Reserved.] 

Section 9.4. Revocation and Effect of Consents and Waivers. Until an amendment, supplement or waiver becomes effective, a consent
to it by a Holder of a Note is a continuing consent by the Holder of a Note and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent or waiver is
not made on any Note. However, any such Holder of a Note or subsequent Holder of a 

  
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Note may revoke the consent or waiver as to such Holder’s Note or portion of its Note if the Trustee receives written notice of revocation before the date the amendment, supplement or waiver
becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds every Holder. 

The Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent or
take any other action described in this Section or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding the immediately preceding paragraph, those Persons who were Holders at such record date
(or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously given or to take any such action, whether or not such Persons continue to be Holders after such record date. No
such consent shall be valid or effective for more than 120 days after such record date. 
 Section 9.5. Notation on or
Exchange of Notes. The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated. The Company in exchange for all Notes may issue and the Trustee shall, upon receipt of a Company
Order, authenticate new Notes that reflect the amendment, supplement or waiver. Failure to make the appropriate notation or issue a new Note will not affect the validity and effect of such amendment, supplement or waiver. 

Section 9.6. Trustee to Sign Amendments. The Trustee shall sign any amended or supplemental indenture authorized pursuant
to this Article IX if the amendment or supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. In executing any amended or supplemental indenture, the Trustee will be entitled to receive and (subject to
Sections 7.1 and 7.2 hereof) shall be fully protected in conclusively relying upon, in addition to the documents required by Section 12.4 hereof, an Officer’s Certificate and an Opinion of Counsel stating that the execution of such amended or
supplemental indenture is authorized or permitted by this Indenture and is valid, binding and enforceable against the Company or any Guarantor, as the case may be, in accordance with its terms. 

ARTICLE X 
 GUARANTEE 

Section 10.1. Guarantee. Subject to the provisions of this Article X, each Guarantor hereby fully, unconditionally and irrevocably
guarantees, as primary obligor and not merely as surety, jointly and severally with each other Guarantor, to each Holder of the Notes and the Trustee the full and punctual payment when due, whether at maturity, by acceleration, by redemption or
otherwise, of the principal of, premium, if any, and interest on the Notes and all other obligations and liabilities of the Company under this Indenture (including without limitation interest accruing after the filing of any petition in bankruptcy,
or the commencement of any insolvency, reorganization or like proceeding, relating to the Company or any Guarantor whether or not a claim for post-filing or post-petition interest is allowed in such proceeding and the obligations under Section 7.7)
(all the foregoing being hereinafter collectively called the “Guaranteed Obligations”). Each Guarantor agrees that the Guaranteed Obligations will rank equally in right of payment with other Indebtedness of such Guarantor, except to
the extent such 

  
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other Indebtedness is subordinate to the Guaranteed Obligations, in which case the obligations of the Guarantors under the Guarantees will rank senior in right of payment to such other
Indebtedness. 
 To evidence its Guarantee set forth in this Section 10.1, each Guarantor hereby agrees that this Indenture shall be
executed on behalf of such Guarantor by an Officer of such Guarantor. 
 Each Guarantor hereby agrees that its Guarantee set forth in
Section 10.1 hereof shall remain in full force and effect notwithstanding the absence of the endorsement of any notation of such Guarantee on the Notes. 

If an Officer whose signature is on this Indenture no longer holds that office at the time the Trustee authenticates the Note, the Guarantee
shall be valid nevertheless. 
 Each Guarantor further agrees (to the extent permitted by law) that the Guaranteed Obligations may be
extended or renewed, in whole or in part, without notice or further assent from it, and that it will remain bound under this Article X notwithstanding any extension or renewal of any Guaranteed Obligation. 

Each Guarantor waives presentation to, demand of payment from and protest to the Company of any of the Guaranteed Obligations and also waives
notice of protest for nonpayment. Each Guarantor waives notice of any default under the Notes or the Guaranteed Obligations. 
 Each
Guarantor further agrees that its Guarantee herein constitutes a Guarantee of payment when due (and not a Guarantee of collection) and waives any right to require that any resort be had by any Holder to any security held for payment of the
Guaranteed Obligations. 
 Except as set forth in Section 10.2, the obligations of each Guarantor hereunder shall not be subject to any
reduction, limitation, impairment or termination for any reason (other than payment of the Guaranteed Obligations in full), including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of
setoff, counterclaim, recoupment or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the Guaranteed Obligations of
each Guarantor herein shall not be discharged or impaired or otherwise affected by (a) the failure of any Holder to assert any claim or demand or to enforce any right or remedy against the Company or any other person under this Indenture, the
Notes or any other agreement or otherwise; (b) any extension or renewal of any thereof; (c) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Notes or any other agreement;
(d) the release of any security held by any Holder for the Guaranteed Obligations; (e) the failure of any Holder to exercise any right or remedy against any other Guarantor; (f) any change in the ownership of the Company; (g) any
default, failure or delay, willful or otherwise, in the performance of the Guaranteed Obligations; or (h) any other act or thing or omission or delay to do any other act or thing which may or might in any manner or to any extent vary the risk
of any Guarantor or would otherwise operate as a discharge of such Guarantor as a matter of law or equity. 

  
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 Each Guarantor agrees that its Guarantee herein shall remain in full force and effect until
payment in full of all the Guaranteed Obligations or such Guarantor is released from its Guarantee in compliance with Section 10.2, Article VIII or Article XI. Each Guarantor further agrees that its Guarantee herein shall continue to be effective or
be reinstated, as the case may be, if at any time payment, or any part thereof, of principal of, premium, if any, or interest on any of the Guaranteed Obligations is rescinded or must otherwise be restored by any Holder upon the bankruptcy or
reorganization of the Company or otherwise. 
 In furtherance of the foregoing and not in limitation of any other right which any Holder has
at law or in equity against any Guarantor by virtue hereof, upon the failure of the Company to pay any of the Guaranteed Obligations when and as the same shall become due, whether at maturity, by acceleration, by redemption or otherwise, each
Guarantor hereby promises to and will, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the Holders or the Trustee on behalf of the Holders an amount equal to the sum of (i) the unpaid amount of
such Guaranteed Obligations then due and owing and (ii) accrued and unpaid interest on such Guaranteed Obligations then due and owing (but only to the extent not prohibited by law) (including interest accruing after the filing of any petition
in bankruptcy or the commencement of any insolvency, reorganization or like proceeding relating to the Company or any Guarantor whether or not a claim for post-filing or post-petition interest is allowed in such proceeding). 

Each Guarantor further agrees that, as between such Guarantor, on the one hand, and the Holders, on the other hand, (x) the maturity of
the Guaranteed Obligations guaranteed hereby may be accelerated as provided in this Indenture for the purposes of its Guarantee herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the
Guaranteed Obligations guaranteed hereby and (y) in the event of any such declaration of acceleration of such Guaranteed Obligations, such Guaranteed Obligations (whether or not due and payable) shall forthwith become due and payable by the
Guarantor for the purposes of this Guarantee. 
 Each Guarantor also agrees to pay any and all fees, costs and expenses (including
attorneys’ fees and expenses) incurred by the Trustee or the Holders in enforcing any rights under this Section. 
 Section 10.2.
Limitation on Liability; Termination, Release and Discharge. 
 (a) Any term or provision of this Indenture to the contrary
notwithstanding, the obligations of each Guarantor hereunder will be limited to the maximum amount as will, after giving effect to all other contingent and fixed liabilities of such Guarantor and after giving effect to any collections from or
payments made by or on behalf of any other Guarantor in respect of the obligations of such other Guarantor under its Guarantee or pursuant to its contribution obligations under this Indenture, result in the obligations of such Guarantor under its
Guarantee not constituting a fraudulent conveyance or fraudulent transfer under federal, foreign or state law and not otherwise being void or voidable under any similar laws affecting the rights of creditors generally. 

  
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 (b) Any Guarantee of a Guarantor with respect to any series of Notes shall be automatically and
unconditionally released and discharged upon: 
 (1) a sale or other disposition (including by way of consolidation or
merger) of the Capital Stock of such Guarantor or the sale or disposition of all or substantially all the assets of the Guarantor (other than to the Company or a Restricted Subsidiary) otherwise permitted by this Indenture; 

(2) the designation in accordance with this Indenture of the Guarantor as an Unrestricted Subsidiary or the occurrence of any
event after which the Guarantor is no longer a Restricted Subsidiary; 
 (3) defeasance or discharge of the Notes of such
series, as provided in Articles VIII or XI; 
 (4) to the extent that such Guarantor is not an Immaterial Subsidiary solely
due to the operation of clause (i) of the definition of “Immaterial Subsidiary,” upon the release of the guarantee referred to in such clause; or 

(5) upon the achievement of Investment Grade Status by the Notes of such series; provided that such Guarantee
shall be reinstated upon the Reversion Date. 
 At the request of the Company and subject to Sections 12.4 and 12.5, the Trustee shall execute and deliver
an appropriate instrument evidencing any such release. 
 Section 10.3. Right of Contribution. Each Guarantor hereby
agrees that to the extent that any Guarantor shall have paid more than its proportionate share of any payment made on the obligations under the Guarantees, such Guarantor shall be entitled to seek and receive contribution from and against the
Company or any other Guarantor who has not paid its proportionate share of such payment. The provisions of this Section 10.3 shall in no respect limit the obligations and liabilities of each Guarantor to the Trustee and the Holders and each
Guarantor shall remain liable to the Trustee and the Holders for the full amount guaranteed by such Guarantor hereunder. 

Section 10.4. No Subrogation. Notwithstanding any payment or payments made by each Guarantor hereunder, no Guarantor shall
be entitled to be subrogated to any of the rights of the Trustee or any Holder against the Company or any other Guarantor or any collateral security or guarantee or right of offset held by the Trustee or any Holder for the payment of the Guaranteed
Obligations, nor shall any Guarantor seek or be entitled to seek any contribution or reimbursement from the Company or any other Guarantor in respect of payments made by such Guarantor hereunder, until all amounts owing to the Trustee and the
Holders by the Company on account of the Guaranteed Obligations are paid in full. If any amount shall be paid to any Guarantor on account of such subrogation rights at any time when all of the Guaranteed Obligations shall not have been paid in full,
such amount shall be held by such Guarantor in trust for the Trustee and the Holders, segregated from other funds of such Guarantor, and shall, forthwith upon receipt by such Guarantor, be turned over to the Trustee in the exact form received by
such Guarantor (duly indorsed by such Guarantor to the Trustee, if required), to be applied against the Guaranteed Obligations. 

  
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 ARTICLE XI 

SATISFACTION AND DISCHARGE 

Section 11.1. Satisfaction and Discharge. This Indenture and the Notes of any series will be discharged and will cease to
be of further effect as to all Notes of such series issued hereunder, when: 
 (a) either: 

(1) all Notes of such series that have been authenticated and delivered except lost, stolen or destroyed Notes that have been
replaced or paid and Notes for whose payment money has theretofore been deposited in trust and thereafter the funds have been released to the Company, have been delivered to the Trustee for cancellation; or 

(2) all such Notes of such series not theretofore delivered to the Trustee for cancellation (i) have become due and
payable by reason of the making of a notice of redemption or otherwise or (ii) will become due and payable within one year at their Stated Maturity or (iii) are to be called for redemption within one year under arrangements satisfactory to
the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company; 
 (b) the Company has
deposited or caused to be deposited with the Trustee as trust funds in trust solely for the benefit of the Holders, money or U.S. Government Obligations, or a combination thereof, in an amount sufficient to pay and discharge the entire indebtedness
on the Notes of such series not previously delivered to the Trustee for cancellation, for principal, premium, if any, and interest to the date of deposit (in the case of Notes of such series that have become due and payable), or to the Stated
Maturity or Redemption Date, as the case may be; provided, that upon any redemption that requires the payment of the Applicable Premium, the amount deposited in respect of the Applicable Premium shall be sufficient for purposes of this
Indenture to the extent that an amount is deposited with the Trustee equal to the Applicable Premium calculated as of the date of the notice of redemption and that the obligation to deposit any deficit as of the date of redemption (any such amount,
the “Applicable Premium Deficit”) with the Trustee on or prior to the date of redemption shall survive (any Applicable Premium Deficit shall be set forth in an Officer’s Certificate delivered to the Trustee simultaneously with
the deposit of such Applicable Premium Deficit that confirms that such Applicable Premium Deficit shall be applied toward such redemption); 

(c) no Default or Event of Default (other than that resulting from borrowing funds to be applied to make such deposit and the granting of
Liens in connection therewith) with respect to this Indenture or the Notes issued hereunder shall have occurred and be continuing on the date of such deposit or shall occur as a result of such deposit and such deposit will not result in a breach or
violation of, or constitute a default under the Credit Facilities or any other material agreement or instrument (other than this Indenture) to which the Company or any Guarantor is a party or by which the Company or any Guarantor is bound; 

  
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 (d) the Company has paid or caused to be paid all other sums payable under this Indenture with
respect to such series of Notes; 
 (e) the Company has delivered irrevocable instructions to the Trustee to apply the deposited money
toward the payment of such notes issued hereunder at maturity or the Redemption Date, as the case may be; and 
 (f) the Company has
delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel each stating that all conditions precedent under this Article XI relating to the satisfaction and discharge of this Indenture with respect to the Notes of such series
have been complied with; provided that any such counsel may rely on any Officer’s Certificate as to matters of fact (including as to compliance with clauses (a), (b), (c), (d) and (e)). 

Notwithstanding the satisfaction and discharge of this Indenture, if money has been deposited with the Trustee pursuant to clause (a)(2) of
this Section 11.1, the provisions of Sections 11.2 and 8.6 hereof will survive. 
 Section 11.2. Application of Trust
Money. Subject to the provisions of Section 8.6 hereof, all money deposited with the Trustee pursuant to Section 11.1 hereof shall be held in trust and applied by it, in accordance with the provisions of the Notes and this Indenture, to the
payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the Persons entitled thereto, of the principal (and premium, if any) and interest for whose payment such
money has been deposited with the Trustee; but such money need not be segregated from other funds except to the extent required by law. 

If the Trustee or Paying Agent is unable to apply any money or U.S. Government Obligations in accordance with Section 11.1 hereof by
reason of any legal proceeding or by reason of any order or judgment of any court or Governmental Authority enjoining, restraining or otherwise prohibiting such application, the Company’s and any Guarantor’s obligations under this
Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 11.1 hereof; provided that if the Company have made any payment of principal of, premium, if any, or interest on, any Notes because
of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent. 

ARTICLE XII 
 MISCELLANEOUS 

Section 12.1. [Reserved.] 

Section 12.2. Notices. Any notice, request, direction, consent or communication made pursuant to the provisions of this Indenture
or the Notes shall be in writing and delivered in person, sent by facsimile, sent by electronic mail in PDF format, delivered by commercial courier service or mailed by first-class mail, postage prepaid, addressed as follows: 

  
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 if to the Company: 

OneMain Financial Holdings, Inc. 

300 St. Paul Place 
 Baltimore, MD
21202 
 Attention: Oona Robinson 

E-mail: oona.robinson@citi.com 

Telephone: (410) 332-7723 

with a copy to: 
 OneMain
Financial Inc. 
 Attention: Office of the General Counsel 

300 St. Paul Place 
 Baltimore, MD
21202 
 and 

Shearman & Sterling LLP 

599 Lexington Avenue 
 New York,
New York 10022 
 Attention: Stuart Fleischmann and Robert Treuhold 

Facsimile: (646) 848-7527 

if to the Trustee, at its corporate trust office, which corporate trust office for purposes of this Indenture is at the date hereof located
at: 
 The Bank of New York Mellon 

101 Barclay Street, 7 West 
 New
York, NY 10286 
 Attention: Corporate Trust Administration 

The Company or the Trustee by written notice to each other may designate additional or different addresses for subsequent notices or
communications. 
 Any notice or communication to the Company or the Guarantors shall be deemed to have been given or made as of the date so
delivered if personally delivered or if delivered electronically, in pdf format; when receipt is acknowledged, if telecopied; and seven calendar days after mailing if sent by registered or certified mail, postage prepaid (except that a notice of
change of address shall not be deemed to have been given until actually received by the addressee). Any notice or communication to the Trustee shall be deemed delivered upon receipt. 

Any notice or communication sent to a Holder shall be mailed by first-class mail to the Holder at the Holder’s address as it appears in
the Notes Register and shall be sufficiently given if so sent within the time prescribed. 
 Failure to mail a notice or communication to a
Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If a notice or communication is sent in the manner provided above, it is duly given, whether or not the addressee receives it, except that notices to the
Trustee shall be effective only upon receipt. 

  
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 Notwithstanding any other provision of this Indenture or any Note, where this Indenture or any
Note provides for notice of any event (including any notice of redemption or purchase) to a Holder of a Global Note (whether by mail or otherwise), such notice shall be sufficiently given if given to DTC (or its designee) pursuant to the procedures
of DTC or its designee. 
 The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured
e-mail, Portable Document Format (PDF), facsimile transmission or other similar unsecured electronic methods; provided, however, that the Trustee shall have received an incumbency certificate listing persons designated to give such instructions or
directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the listing. The Trustee shall not be liable for any losses,
costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such instructions notwithstanding that such instructions conflict or are inconsistent with a subsequent written instruction. The Company
agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception
and misuse by third parties. 
 Section 12.3. Communication by Holders with other Holders. Holders may communicate
pursuant to TIA Section 312(b) with other Holders with respect to their rights under this Indenture or the Notes. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA Section 312(c). 

Section 12.4. Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company or any of
the Guarantors to the Trustee to take or refrain from taking any action under this Indenture or the Notes, the Company or such Guarantor, as the case may be, shall furnish to the Trustee: 

(1) an Officer’s Certificate in form satisfactory to the Trustee (which shall include the statements set forth in Section
12.5 hereof) stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture or the Notes relating to the proposed action have been satisfied; and 

(2) an Opinion of Counsel in form satisfactory to the Trustee (which shall include the statements set forth in Section 12.5
hereof) stating that, in the opinion of such counsel, all such conditions precedent have been satisfied and all covenants have been complied with. 

Section 12.5. Statements Required in Certificate or Opinion. Each certificate or opinion with respect to compliance with a
covenant or condition provided for in this Indenture or the Notes (other than a Certificate provided pursuant to TIA Section 314(a)(4)) shall comply with the provisions of TIA Section 314(e) and shall include: 

  
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 (1) a statement that the individual making such certificate or opinion has read
such covenant or condition; 
 (2) a brief statement as to the nature and scope of the examination or investigation upon
which the statements or opinions contained in such certificate or opinion are based; 
 (3) a statement that, in the opinion
of such individual, he has made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

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

 In giving such Opinion of Counsel, counsel may rely as to factual matters on an Officer’s Certificate or on certificates of public
officials. 
 Section 12.6. When Notes Disregarded. In determining whether the Holders of the required aggregate
principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Company, any Guarantor or any Affiliate of them shall be disregarded and deemed not to be outstanding, except that, for the purpose of determining
whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes which a Trust Officer of the Trustee actually knows are so owned shall be so disregarded. Also, subject to the foregoing, only Notes outstanding
at the time shall be considered in any such determination. 
 Section 12.7. Rules by Trustee, Paying Agent and
Registrar. The Trustee may make reasonable rules for action by, or at meetings of, Holders. The Registrar and the Paying Agent may make reasonable rules for their functions. 

Section 12.8. Legal Holidays. A “Legal Holiday” is a Saturday, a Sunday or other day on
which commercial banking institutions are authorized or required to be closed in New York, New York or the state of the place of payment. If a payment date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal
Holiday, and no interest shall accrue for the intervening period. If a regular record date is a Legal Holiday, the record date shall not be affected. 

Section 12.9. Governing Law. THIS INDENTURE, THE NOTES AND THE GUARANTEES AND THE RIGHTS AND DUTIES OF THE PARTIES
THEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 Section 12.10.
Jurisdiction. The Company and the Guarantors agree that any suit, action or proceeding against the Company or any Guarantor brought by any Holder or the Trustee arising out of or based upon this Indenture, any Guarantee or the Notes may be
instituted in any state or Federal court in the Borough of Manhattan, New York, New York, and any appellate court from any thereof, and each of them irrevocably submits to the non-exclusive jurisdiction of such courts in any suit, action or
proceeding. The Company and the Guarantors irrevocably waive, to the fullest extent permitted by law, any objection to any suit, action, or proceeding that 

  
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may be brought in connection with this Indenture, any Guarantee or the Notes, including such actions, suits or proceedings relating to securities laws of the United States of America or any state
thereof, in such courts whether on the grounds of venue, residence or domicile or on the ground that any such suit, action or proceeding has been brought in an inconvenient forum. The Company and the Guarantors agree that final judgment in any such
suit, action or proceeding brought in such court shall be conclusive and binding upon the Company or the Guarantors, as the case may be, and may be enforced in any court to the jurisdiction of which the Company or the Guarantors, as the case may be,
are subject by a suit upon such judgment. 
 Section 12.11. Waivers of Jury Trial. EACH OF
THE COMPANY, THE GUARANTORS AND THE TRUSTEE HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS
INDENTURE, THE NOTES OR THE GUARANTEES AND FOR ANY COUNTERCLAIM THEREIN. 
 Section 12.12. USA PATRIOT Act. The
parties hereto acknowledge that in accordance with Section 326 of the USA PATRIOT Act, and in order to help fight the funding of terrorism and money laundering, the Trustee, like all financial institutions, is required to obtain, verify, and
record information that identifies each person or legal entity that establishes a relationship or opens an account. The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order to satisfy
the requirements of the USA PATRIOT Act. 
 Section 12.13. No Recourse Against Others. No director, officer, employee,
incorporator or shareholder of the Company or any of its respective Subsidiaries or Affiliates, as such, shall have any liability for any obligations of the Company or the Guarantors under the Note Documents or for any claim based on, in respect of,
or by reason of such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

Section 12.14. Successors. All agreements of the Company and each Guarantor in this Indenture and the Notes shall bind their
respective successors. All agreements of the Trustee in this Indenture shall bind its successors. 
 Section 12.15. Multiple
Originals. The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or
PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or PDF shall
be deemed to be their original signatures for all purposes. 
 Section 12.16. [Reserved].  

Section 12.17. Table of Contents; Headings. The table of contents, cross-reference table and headings of the Articles and Sections
of this Indenture have been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

  
 128 

 Section 12.18. Force Majeure. In no event shall the Trustee be responsible or liable
for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism,
civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, it being understood that the Trustee shall use
reasonable best efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 

Section 12.19. Severability. In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 12.20. Tax Matters. The Trustee shall be entitled to deduct FATCA Withholding Tax, and shall have no obligation to
gross-up any payment hereunder or to pay any additional amount as a result of such FATCA Withholding Tax. Each of the Company and the Trustee agrees to cooperate and to provide the other with such information as each may have in its possession to
enable the determination of whether any payments pursuant to this Agreement are subject to the withholding requirements described in Section 1471(b) of the Code or otherwise imposed pursuant to Sections 1471 through 1474 of the Code and any
regulations, or agreements thereunder or official interpretations thereof (“FATCA Withholding Tax”). 
 [Signature on following
pages] 

  
 129 

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

			
	ONEMAIN FINANCIAL HOLDINGS, INC.
		
	By:		 /s/ M. Oona Robinson

			Name: M. Oona Robinson
			Title: Vice President and Treasurer

  

			
	 Each as a Guarantor:
  

ONEMAIN FINANCIAL, INC., a Delaware

        corporation

ONEMAIN FINANCIAL (HI), INC., a

        Hawaii corporation

ONEMAIN FINANCIAL, INC., a Hawaii

        corporation

ONEMAIN FINANCIAL, INC., a West

        Virginia corporation

ONEMAIN FINANCIAL SERVICES,

        INC., a Minnesota corporation

ONEMAIN REMARKETING, LLC, a

        Delaware limited liability company

		
	By:		 /s/ M. Oona Robinson

			Name: M. Oona Robinson
			Title: Vice President and Treasurer

 
			
	  
 ONEMAIN ASSURANCE SERVICES,

        INC., a Texas corporation

CITICORP ADMINISTRATIVE

        SERVICES, INC., a Texas corporation

ONEMAIN INSURANCE AGENCY OF

        FLORIDA, INC., a Florida

        corporation

ONEMAIN INSURANCE AGENCY OF

        WASHINGTON, INC., a Washington

        corporation

		
	By:		 /s/ Linda S. Davis

			Name: Linda S. Davis
			Title: President

  

			
	THE BANK OF NEW YORK MELLON
		
	By:		 /s/ Laurence J. O’Brien

			Name: Laurence J. O’Brien
			Title: Vice President

 EXHIBIT A-1 

[FORM OF FACE OF 2019 NOTE] 

[Applicable Restricted Notes Legend] 

[Global Note Legend, if applicable] 
  

					
	No. [—]				Principal Amount $[—]

 (as revised by the Schedule of Increases and Decreases 

in Global Notes attached hereto) 
 [If
the Note is a Global Rule 144A Note, insert: 
 CUSIP No. 68268D AA3 

ISIN No. US68268DAA37] 
 [If the Note is a Global
Regulation S Note, insert: 
 CUSIP No. U68317 AA1 
 ISIN
No. USU68317AA14] 
 ONEMAIN FINANCIAL HOLDINGS, INC. 

6.75% Senior Notes due 2019 

OneMain Financial Holdings, Inc., a Delaware corporation, promises to pay to Cede & Co., or its registered assigns, the principal sum
of [—] dollars ($[            ]) (as revised by the Schedule of Increases and Decreases in Global Notes attached hereto), on
December 15, 2019. 
 Interest Payment Dates: December 15 and June 15, commencing on June 15, 2015 

Record Dates: December 1 and June 1 

Additional provisions of this Note are set forth on the other side of this Note.

  
 A-1-1 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	ONEMAIN FINANCIAL HOLDINGS, INC.
		
	By:		  

			Name:
			Title:

 [Signature Page to [144A][Reg S] Note [—]] 

  
 A-1-2 

 TRUSTEE CERTIFICATE OF AUTHENTICATION 

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

 

			
	THE BANK OF NEW YORK MELLON,
	            as Trustee
		
	By:		  

			Name:
			Title:

 Dated:
                                     

[Signature Page to [144A][Reg S] Note [—]] 

  
 A-1-3 

 [FORM OF REVERSE SIDE OF NOTE] 

ONEMAIN FINANCIAL HOLDINGS, INC. 

6.75% Senior Notes due 2019 

Except for the references to “Notes” and “Additional Notes” herein, which refer solely to the 6.75% Senior Notes due 2019,
capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Indenture. 
  

	1.	Interest 

 OneMain Financial Holdings, Inc., a Delaware corporation, promises to pay
interest on the principal amount of this Note at 6.75% per annum from December 11, 2014 until maturity. The Company will pay interest, in cash, semi-annually in arrears every December 15 and June 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 shall 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 the first Interest Payment Date shall be June 15, 2015. The Company shall pay interest on overdue principal at the rate specified herein, and it shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful. Interest on the Notes will be computed on the basis of a 360-day year
comprised of twelve 30-day months. Each interest period will end on (but not include) the relevant Interest Payment Date. 
  

	2.	Method of Payment 

 By no later than 10:00 a.m. (New York City time) on the date on which
any principal of, premium, if any, or interest on any Note is due and payable, the Company shall deposit with the Paying Agent a sum sufficient in immediately available funds to pay such principal, premium and interest when due. Interest on any Note
which is payable, and is timely paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the preceding December 1
and June 1 at the office or agency of the Company maintained for such purpose pursuant to Section 2.3 of the Indenture. The principal of (and premium, if any) and interest on the Notes shall be payable at the office or agency of the
Paying Agent designated by the Company maintained for such purpose (which shall initially be the office of the Trustee maintained for such purpose), or at such other office or agency of the Company as may be maintained for such purpose pursuant to
Section 2.3 of the Indenture; provided, however, that, at the option of the Paying Agent, each installment of interest may be paid by (i) check mailed to addresses of the Persons entitled thereto as such addresses
shall appear on the Notes Register or (ii) wire transfer to an account located in the United States maintained by the payee in accordance with wire instructions set forth in the Notes Register, subject to the last sentence of this paragraph.
Payments in respect of Notes represented by a Global Note (including principal, premium, if any, and interest) will be 

  
 A-1-4 

 
made by wire transfer of immediately available funds to the accounts specified by DTC or its nominee. Payments in respect of Notes represented by Definitive Notes (including principal, premium,
if any, and interest) held by a Holder of at least $1,000,000 aggregate principal amount of Notes represented by Definitive Notes will be made by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United States if such
Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than 15 days immediately preceding the relevant due date for payment (or such other date as the
Trustee may accept in its discretion). If an Interest Payment Date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. If a regular record date is
a Legal Holiday, the record date shall not be affected. 
  

	3.	Paying Agent and Registrar 

 The Company initially appoints The Bank of New York Mellon
(the “Trustee”) as Registrar and Paying Agent for the Notes. The Company may change any Registrar or Paying Agent without prior notice to the Holders. The Company or any Guarantor may act as Paying Agent, Registrar or transfer
agent. 
  

	4.	Indenture 

 The Company issued the Notes under an Indenture, dated as of
December 11, 2014 (as it may be amended or supplemented from time to time in accordance with the terms thereof, the “Indenture”), among the Company, the Guarantors and the Trustee. The terms of the Notes include those stated in
the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) as in effect on the date of the Indenture (the “Act”). The Notes are subject to all terms and
provisions of the Indenture, and Holders are referred to the Indenture and the Act for a statement of those 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. 
  

	5.	[Reserved] 

  

	6.	[Reserved] 

  

	7.	Redemption 

 (a) At any time prior to December 15, 2016, the Company may redeem
the Notes in whole or in part, at its option, upon not less than 30 nor more than 60 days’ prior notice by electronic delivery or by first class mail, postage prepaid, with a copy to the Trustee, to each Holder of Notes to the address of such
Holder appearing in the Notes Register, at a redemption price (calculated by the Company) equal to 100% of the principal amount of such Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest, if any, to, but not including,
the redemption date (any such date of redemption, a “Redemption Date”), subject to the rights of holders of the Notes on the relevant record date to receive interest due on the relevant Interest Payment Date. 

  
 A-1-5 

 (b) At any time and from time to time prior to December 15, 2016, the Company may
redeem Notes with the net cash proceeds received by the Company from any Equity Offering at a redemption price (calculated by the Company) equal to 106.75% plus accrued and unpaid interest, if any, to, but not including, the Redemption Date, in an
aggregate principal amount for all such redemptions not to exceed 35% of the original aggregate principal amount of the Notes (including Additional Notes); provided that (1) in each case the redemption takes place not later than 180 days
after the closing of the related Equity Offering, and (2) not less than 65% of the original aggregate principal amount of the Notes issued under this Indenture remains outstanding immediately thereafter (excluding Notes held by the Company or
any of its Restricted Subsidiaries). The Trustee shall select the Notes to be purchased in the manner described under Sections 5.1 through 5.6 of the Indenture. 

(c) At any time and from time to time on or after December 15, 2016, the Company may redeem the Notes, in whole or in part, at its
option, upon not less than 30 nor more than 60 days’ notice at the following redemption prices (calculated by the Company) (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to, but not including, the
relevant Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date), if redeemed during the twelve month period beginning on December 15 of the year set
forth below: 
  

					
	 Redemption Period
	  	Price	 
	 2016
	  	 	105.063	% 
	 2017
	  	 	103.375	% 
	 2018
	  	 	101.688	% 
	 2019
	  	 	100.000	% 

 (d) Unless the Company defaults in the payment of the redemption price, interest will cease to accrue on
the Notes or portions thereof called for redemption on the applicable Redemption Date. 
 (e) Any redemption pursuant to this paragraph
shall be made pursuant to the provisions of Sections 5.1 through 5.6 of the Indenture. 
 The Company is not required to make
mandatory redemption or sinking fund payments with respect to the Notes; provided however, that under certain circumstances, the Company may be required to offer to purchase Notes under Section 3.5 and Section 3.9 of
the Indenture. The Company and its Affiliates may at any time and from time to time purchase Notes in open-market transactions, tender offers or otherwise. 

  
 A-1-6 

	8.	Repurchase Provisions 

 If a Change of Control Repurchase Event occurs with respect to
the Notes, unless the Company has previously or concurrently delivered a redemption notice with respect to all outstanding Notes under Section 5.7 of the Indenture, each Holder of Notes of such series will have the right to require the Company to
repurchase from each Holder all or any part (equal to a minimum of $2,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s Notes at a purchase price in cash equal to 101% of the aggregate principal amount thereof plus
accrued and unpaid interest, if any, to but excluding the date of purchase, subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date as provided in, and subject to the terms
of, the Indenture. 
 Upon certain Asset Dispositions, the Company may be required to use the Excess Proceeds from such Asset Dispositions
to offer to purchase the maximum aggregate principal amount of Notes (that is a minimum of $2,000 or an integral multiple of $1,000 in excess thereof) and, at the Company’s option, Pari Passu Indebtedness that may be purchased out of the Excess
Proceeds at an offer price in respect of the Notes in an amount equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the date of purchase, in accordance with the procedures set forth in
Section 3.5 and in in Sections 5.1 through 5.6 of the Indenture. 
  

	9.	Denominations; Transfer; Exchange 

 The Notes shall be issuable only in fully registered
form in denominations of minimum principal amount of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder may transfer or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to
furnish appropriate endorsements or transfer documents and to pay a sum sufficient to cover any tax and fees required by law or permitted by the Indenture. The Registrar need not register the transfer of or exchange of any Note (A) for a period
beginning (1) 15 days before the delivery of a notice of an offer to repurchase or redeem Notes and ending at the close of business on the day of such delivery or (2) 15 days before an Interest Payment Date and ending on such Interest
Payment Date or (B) called for redemption, except the unredeemed portion of any Note being redeemed in part. 
  

	10.	Persons Deemed Owners 

 The registered Holder of this Note may be treated as the owner of
it for all purposes. 
  

	11.	[Reserved] 

  

	12.	Discharge and Defeasance 

 Subject to certain exceptions and conditions set forth in the
Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, and interest on
the Notes to redemption or maturity, as the case may be. 

  
 A-1-7 

	13.	Amendment, Supplement, Waiver 

 Subject to certain exceptions contained in the Indenture,
the Indenture and the Notes may be amended, or a Default thereunder may be waived, with the consent of the Holders of a majority in aggregate principal amount of the outstanding Notes. Without notice to or the consent of any Holder, the Company, the
Guarantors and the Trustee may amend or supplement the Indenture and the Notes as provided in the Indenture. 
  

	14.	Defaults and Remedies 

 If an Event of Default (other than an Event of Default relating
to certain events of bankruptcy, insolvency or reorganization of the Company) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of at least 25% in principal amount of the outstanding Notes by written notice to
the Company and the Trustee, may declare the principal of, premium, if any, and accrued and unpaid interest, if any, on all the Notes to be due and payable immediately. Upon the effectiveness of such declaration, such principal, premium and
interest, if any, will be due and payable immediately. If a bankruptcy, insolvency or reorganization of the Company occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest, if any, on all the Notes will become
and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. Under certain circumstances, the Holders of a majority in principal amount of the outstanding Notes may rescind any such acceleration
with respect to the Notes and its consequences. 
  

	15.	Trustee Dealings with the Company 

 Subject to certain limitations set forth in the
Indenture, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company, Guarantors or their Affiliates with the same rights it would have if it were not Trustee. In addition,
the Trustee shall be permitted to engage in transactions with the Company; provided, however, that if the Trustee acquires any conflicting interest under the TIA, the Trustee must (i) eliminate such conflict within 90 days of
acquiring such conflicting interest, (ii) apply to the Commission for permission to continue acting as Trustee or (iii) resign. 
  

	16.	No Recourse Against Others 

 No director, officer, employee, incorporator or shareholder
of the Company or any of its respective Subsidiaries or Affiliates, as such (other than the Company and the Guarantors), shall have any liability for any obligations of the Company or the Guarantors under the Note Documents or for any claim based
on, in respect of, or by reason of such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

  
 A-1-8 

	17.	Authentication 

 This Note shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent acting on its behalf) manually signs the certificate of authentication on the other side of this Note. 
  

	18.	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 entirety), JT TEN (= joint tenants with rights of survivorship and not as tenants in common), CUST (= custodian) and U/G/M/A (= Uniform Gift to Minors Act). 

 

	19.	CUSIP and ISIN Numbers 

 The Company has caused CUSIP and ISIN numbers, if applicable, to
be printed on the Notes and has directed the Trustee to use CUSIP and ISIN numbers, if applicable, in notices of redemption or purchase 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 or purchase and reliance may be placed only on the other identification numbers placed thereon. 
  

	20.	Governing Law 

 This Note shall be governed by, and construed in accordance with, the
laws of the State of New York. 
 The Company will furnish to any Holder upon written request and without charge to the Holder a copy of the
Indenture. Requests may be made to: 
 OneMain Financial Holdings, Inc. 

300 St. Paul Place 
 Baltimore, MD
21202 
 Attention: Oona Robinson 

  
 A-1-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

I or we assign and transfer this Note to: 
  

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

	
	  

	(Insert assignee’s social security or tax I.D. No.)

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

 

											
	 Date:
						 
  
	Your    
 Signature:
	 
  
		  

	  Signature
 Guarantee:
										
					(Signature must be
guaranteed)                                       
             

  
  

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

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with
membership in an approved signature guarantee medallion program), pursuant to Exchange Act Rule 17Ad-15. 

  
 A-1-10 

 The undersigned hereby certifies that it  ̈ is /  ̈ is not an Affiliate of the Company and that, to its knowledge, the proposed transferee  ̈ is /  ̈ is not an
Affiliate of the Company. 
 In connection with any transfer or exchange of any of the Notes evidenced by this certificate occurring prior
to the date that is one year after the later of the date of original issuance of such Notes and the last date, if any, on which such Notes were owned by the Company or any Affiliate of the Company, the undersigned confirms that such Notes are being:

 CHECK ONE BOX BELOW: 
  

							
	 (1)
		 ̈	 	  		acquired for the undersigned’s own account, without transfer; or
			
	 (2)
		 ̈	 	  		transferred to the Company; or
			
	 (3)
		 ̈	 	  		transferred pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”); or
			
	 (4)
		 ̈	 	  		transferred pursuant to an effective registration statement under the Securities Act; or
			
	 (5)
		 ̈	 	  		transferred pursuant to and in compliance with Regulation S under the Securities Act; or
			
	 (6)
		 ̈	 	  		transferred to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act) or an “accredited investor” (as defined in Rule 501(a)(4) under the Securities Act),
that has furnished to the Trustee a signed letter containing certain representations and agreements (the form of which letter appears as Section 2.8 or 2.10 of the Indenture, respectively); or
			
	 (7)
		 ̈	 	  		transferred pursuant to another available exemption from the registration requirements of the Securities Act of 1933, as amended.

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate in the
name of any person other than the registered Holder thereof; provided, however, that if box (5), (6) or (7) is checked, the Company may require, prior to registering any such transfer of the Notes, in its sole discretion,
such legal opinions, certifications and other information as the Company may reasonably request to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the
Securities Act of 1933, as amended, such as the exemption provided by Rule 144 under such Act. 

  
 A-1-11 

			
			  

			 Signature

		
	 Signature Guarantee:
		
		
	 (Signature must be

guaranteed)
		Signature

 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations
and credit unions with membership in an approved signature guarantee medallion program), pursuant to Exchange Act Rule 17Ad-15. 
 TO BE COMPLETED BY
PURCHASER IF BOX (1) OR (3) ABOVE IS CHECKED. 
 The undersigned represents and warrants that it is purchasing this Note for its
own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, as amended, and
is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information
and that it is aware that the transferor is relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 

                        
Dated: 

  
 A-1-12 

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTES 

The following increases or decreases in this Global Note have been made: 

 

									
	 Date of Exchange
	  	Amount of
decrease
in Principal
Amount
of this Global
Note	  	Amount of
increase
in Principal
Amount
of this Global
Note	  	Principal
Amount of
this Global
Note following
such
decrease or
increase	  	Signature of
authorized
signatory of
Trustee or Notes
Custodian
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 A-1-13 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you elect to have this Note purchased by the Company pursuant to Section 3.5 or 3.9 of the Indenture, check either box: 

Section 3.5
 ̈                    Section 3.9  ̈ 

If you want to elect to have only part of this Note purchased by the Company pursuant to Section 3.5 or 3.9 of the Indenture, state the
amount in principal amount (must be in denominations of $2,000 or an integral multiple of $1,000 in excess thereof): $            and specify the denomination or denominations (which
shall not be less than the minimum authorized denomination) of the Notes to be issued to the Holder for the portion of the within Note not being repurchased (in the absence of any such specification, one such Note will be issued for the portion not
being repurchased):                     . 
  

											
	Date:								Your
Signature		
											(Sign exactly as your name appears on the other side of the Note)
						
	  Signature 
 Guarantee:
										
			    (Signature must be guaranteed)								

 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations
and credit unions with membership in an approved signature guarantee medallion program), pursuant to Exchange Act Rule 17Ad-15. 

  
 A-1-14 

 EXHIBIT A-2 

[FORM OF FACE OF 2021 NOTE] 

[Applicable Restricted Notes Legend] 

[Global Note Legend, if applicable] 
  

					
	No. [—]				Principal Amount $[—]

 (as revised by the Schedule of Increases and Decreases 

in Global Notes attached hereto) 
 [If
the Note is a Global Rule 144A Note, insert: 
 CUSIP No. 68268D AB1 

ISIN No. US68268DAB10] 
 [If the Note is a Global
Regulation S Note, insert: 
 CUSIP No. U68317 AB9 
 ISIN
No. USU68317AB96] 
 ONEMAIN FINANCIAL HOLDINGS, INC. 

7.25% Senior Notes due 2021 

OneMain Financial Holdings, Inc., a Delaware corporation, promises to pay to Cede & Co., or its registered assigns, the principal sum
of [—] dollars ($[            ]) (as revised by the Schedule of Increases and Decreases in Global Notes attached hereto), on
December 15, 2021. 
 Interest Payment Dates: December 15 and June 15, commencing on June 15, 2015 

Record Dates: December 1 and June 1 

Additional provisions of this Note are set forth on the other side of this Note. 

  
 A-2-1 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	ONEMAIN FINANCIAL HOLDINGS, INC.
		
	By:		  

			Name:
			Title:

 [Signature Page to [144A][Reg S] Note [—]] 

  
 A-2-2 

 TRUSTEE CERTIFICATE OF AUTHENTICATION 

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

 

			
	THE BANK OF NEW YORK MELLON,
	            as Trustee
		
	By:		  

			Name:
			Title:

 Dated:
                                        

 [Signature Page to [144A][Reg S] Note [—]] 

  
 A-2-3 

 [FORM OF REVERSE SIDE OF NOTE] 

ONEMAIN FINANCIAL HOLDINGS, INC. 

7.25% Senior Notes due 2021 

Except for the references to “Notes” and “Additional Notes” herein, which refer solely to the 7.25% Senior Notes due 2021,
capitalized terms used herein and not defined herein have the meanings ascribed thereto in the Indenture. 
  

	1.	Interest 

 OneMain Financial Holdings, Inc., a Delaware corporation, promises to pay
interest on the principal amount of this Note at 7.25% per annum from December 11, 2014 until maturity. The Company will pay interest, in cash, semi-annually in arrears every December 15 and June 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 shall 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 the first Interest Payment Date shall be June 15, 2015. The Company shall pay interest on overdue principal at the rate specified herein, and it shall pay interest (including post-petition
interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard to any applicable grace period) at the same rate to the extent lawful. Interest on the Notes will be computed on the basis of a 360-day year
comprised of twelve 30-day months. Each interest period will end on (but not include) the relevant Interest Payment Date. 
  

	2.	Method of Payment 

 By no later than 10:00 a.m. (New York City time) on the date on which
any principal of, premium, if any, or interest on any Note is due and payable, the Company shall deposit with the Paying Agent a sum sufficient in immediately available funds to pay such principal, premium and interest when due. Interest on any Note
which is payable, and is timely paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name such Note (or one or more Predecessor Notes) is registered at the close of business on the preceding December 1
and June 1 at the office or agency of the Company maintained for such purpose pursuant to Section 2.3 of the Indenture. The principal of (and premium, if any) and interest on the Notes shall be payable at the office or agency of the
Paying Agent designated by the Company maintained for such purpose (which shall initially be the office of the Trustee maintained for such purpose), or at such other office or agency of the Company as may be maintained for such purpose pursuant to
Section 2.3 of the Indenture; provided, however, that, at the option of the Paying Agent, each installment of interest may be paid by (i) check mailed to addresses of the Persons entitled thereto as such addresses
shall appear on the Notes Register or (ii) wire transfer to an account located in the United States maintained by the payee in accordance with wire instructions set forth in the Notes Register, subject to the last sentence of this paragraph.
Payments in respect of Notes represented by a Global Note (including principal, premium, if any, and interest) will be 

  
 A-2-4 

 
made by wire transfer of immediately available funds to the accounts specified by DTC or its nominee. Payments in respect of Notes represented by Definitive Notes (including principal, premium,
if any, and interest) held by a Holder of at least $1,000,000 aggregate principal amount of Notes represented by Definitive Notes will be made by wire transfer to a U.S. dollar account maintained by the payee with a bank in the United States if such
Holder elects payment by wire transfer by giving written notice to the Trustee or the Paying Agent to such effect designating such account no later than 15 days immediately preceding the relevant due date for payment (or such other date as the
Trustee may accept in its discretion). If an Interest Payment Date is a Legal Holiday, payment shall be made on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period. If a regular record date is
a Legal Holiday, the record date shall not be affected. 
  

	3.	Paying Agent and Registrar 

 The Company initially appoints The Bank of New York Mellon
(the “Trustee”) as Registrar and Paying Agent for the Notes. The Company may change any Registrar or Paying Agent without prior notice to the Holders. The Company or any Guarantor may act as Paying Agent, Registrar or transfer
agent. 
  

	4.	Indenture 

 The Company issued the Notes under an Indenture, dated as of
December 11, 2014 (as it may be amended or supplemented from time to time in accordance with the terms thereof, the “Indenture”), among the Company, the Guarantors and the Trustee. The terms of the Notes include those stated in
the Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939 (15 U.S.C. Sections 77aaa-77bbbb) as in effect on the date of the Indenture (the “Act”). The Notes are subject to all terms and
provisions of the Indenture, and Holders are referred to the Indenture and the Act for a statement of those 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. 
  

	5.	[Reserved] 

  

	6.	[Reserved] 

  

	7.	Redemption 

 (a) At any time prior to December 15, 2017, the Company may redeem
the Notes in whole or in part, at its option, upon not less than 30 nor more than 60 days’ prior notice by electronic delivery or by first class mail, postage prepaid, with a copy to the Trustee, to each Holder of Notes to the address of such
Holder appearing in the Notes Register, at a redemption price (calculated by the Company) equal to 100% of the principal amount of such Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest, if any, to, but not including,
the redemption date (any such date of redemption, a “Redemption Date”), subject to the rights of holders of the Notes on the relevant record date to receive interest due on the relevant Interest Payment Date. 

  
 A-2-5 

 (b) At any time and from time to time prior to December 15, 2017, the Company may
redeem Notes with the net cash proceeds received by the Company from any Equity Offering at a redemption price (calculated by the Company) equal to 107.25% plus accrued and unpaid interest, if any, to, but not including, the Redemption Date, in an
aggregate principal amount for all such redemptions not to exceed 35% of the original aggregate principal amount of the Notes (including Additional Notes); provided that (1) in each case the redemption takes place not later than 180 days
after the closing of the related Equity Offering, and (2) not less than 65% of the original aggregate principal amount of the Notes issued under this Indenture remains outstanding immediately thereafter (excluding Notes held by the Company or
any of its Restricted Subsidiaries). The Trustee shall select the Notes to be purchased in the manner described under Sections 5.1 through 5.6 of the Indenture. 

(c) At any time and from time to time on or after December 15, 2017, the Company may redeem the Notes, in whole or in part, at its
option, upon not less than 30 nor more than 60 days’ notice at the following redemption prices (calculated by the Company) (expressed as a percentage of principal amount), plus accrued and unpaid interest, if any, to, but not including, the
relevant Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date), if redeemed during the twelve month period beginning on December 15 of the year set
forth below: 
  

					
	 Redemption Period
	  	Price	 
	 2017
	  	 	103.625	% 
	 2018
	  	 	101.813	% 
	 2019 and thereafter
	  	 	100.000	% 

 (d) Unless the Company defaults in the payment of the redemption price, interest will cease to accrue on
the Notes or portions thereof called for redemption on the applicable Redemption Date. 
 (e) Any redemption pursuant to this paragraph
shall be made pursuant to the provisions of Sections 5.1 through 5.6 of the Indenture. 
 The Company is not required to make
mandatory redemption or sinking fund payments with respect to the Notes; provided however, that under certain circumstances, the Company may be required to offer to purchase Notes under Section 3.5 and Section 3.9 of
the Indenture. The Company and its Affiliates may at any time and from time to time purchase Notes in open-market transactions, tender offers or otherwise. 

  
 A-2-6 

	8.	Repurchase Provisions 

 If a Change of Control Repurchase Event occurs with respect to
the Notes, unless the Company has previously or concurrently delivered a redemption notice with respect to all outstanding Notes under Section 5.7 of the Indenture, each Holder of Notes of such series will have the right to require the Company to
repurchase from each Holder all or any part (equal to a minimum of $2,000 or an integral multiple of $1,000 in excess thereof) of such Holder’s Notes at a purchase price in cash equal to 101% of the aggregate principal amount thereof plus
accrued and unpaid interest, if any, to but excluding the date of purchase, subject to the right of Holders of record on the relevant record date to receive interest due on the relevant Interest Payment Date as provided in, and subject to the terms
of, the Indenture. 
 Upon certain Asset Dispositions, the Company may be required to use the Excess Proceeds from such Asset Dispositions
to offer to purchase the maximum aggregate principal amount of Notes (that is a minimum of $2,000 or an integral multiple of $1,000 in excess thereof) and, at the Company’s option, Pari Passu Indebtedness that may be purchased out of the Excess
Proceeds at an offer price in respect of the Notes in an amount equal to 100% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but not including, the date of purchase, in accordance with the procedures set forth in
Section 3.5 and in Sections 5.1 through 5.6 of the Indenture. 
  

	9.	Denominations; Transfer; Exchange 

 The Notes shall be issuable only in fully registered
form in denominations of minimum principal amount of $2,000 and any integral multiple of $1,000 in excess thereof. A Holder may transfer or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to
furnish appropriate endorsements or transfer documents and to pay a sum sufficient to cover any tax and fees required by law or permitted by the Indenture. The Registrar need not register the transfer of or exchange of any Note (A) for a period
beginning (1) 15 days before the delivery of a notice of an offer to repurchase or redeem Notes and ending at the close of business on the day of such delivery or (2) 15 days before an Interest Payment Date and ending on such Interest
Payment Date or (B) called for redemption, except the unredeemed portion of any Note being redeemed in part. 
  

	10.	Persons Deemed Owners 

 The registered Holder of this Note may be treated as the owner of
it for all purposes. 
  

	11.	[Reserved] 

  

	12.	Discharge and Defeasance 

 Subject to certain exceptions and conditions set forth in the
Indenture, the Company at any time may terminate some or all of its obligations under the Notes and the Indenture if the Company deposits with the Trustee money or U.S. Government Obligations for the payment of principal, premium, and interest on
the Notes to redemption or maturity, as the case may be. 

  
 A-2-7 

	13.	Amendment, Supplement, Waiver 

 Subject to certain exceptions contained in the Indenture,
the Indenture and the Notes may be amended, or a Default thereunder may be waived, with the consent of the Holders of a majority in aggregate principal amount of the outstanding Notes. Without notice to or the consent of any Holder, the Company, the
Guarantors and the Trustee may amend or supplement the Indenture and the Notes as provided in the Indenture. 
  

	14.	Defaults and Remedies 

 If an Event of Default (other than an Event of Default relating
to certain events of bankruptcy, insolvency or reorganization of the Company) occurs and is continuing, the Trustee by written notice to the Company, or the Holders of at least 25% in principal amount of the outstanding Notes by written notice to
the Company and the Trustee, may declare the principal of, premium, if any, and accrued and unpaid interest, if any, on all the Notes to be due and payable immediately. Upon the effectiveness of such declaration, such principal, premium and
interest, if any, will be due and payable immediately. If a bankruptcy, insolvency or reorganization of the Company occurs and is continuing, the principal of, premium, if any, and accrued and unpaid interest, if any, on all the Notes will become
and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holders. Under certain circumstances, the Holders of a majority in principal amount of the outstanding Notes may rescind any such acceleration
with respect to the Notes and its consequences. 
  

	15.	Trustee Dealings with the Company 

 Subject to certain limitations set forth in the
Indenture, the Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the Company, Guarantors or their Affiliates with the same rights it would have if it were not Trustee. In addition,
the Trustee shall be permitted to engage in transactions with the Company; provided, however, that if the Trustee acquires any conflicting interest under the TIA, the Trustee must (i) eliminate such conflict within 90 days of
acquiring such conflicting interest, (ii) apply to the Commission for permission to continue acting as Trustee or (iii) resign. 
  

	16.	No Recourse Against Others 

 No director, officer, employee, incorporator or shareholder
of the Company or any of its respective Subsidiaries or Affiliates, as such (other than the Company and the Guarantors), shall have any liability for any obligations of the Company or the Guarantors under the Note Documents or for any claim based
on, in respect of, or by reason of such obligations or their creation. Each Holder by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. 

  
 A-2-8 

	17.	Authentication 

 This Note shall not be valid until an authorized signatory of the
Trustee (or an authenticating agent acting on its behalf) manually signs the certificate of authentication on the other side of this Note. 
  

	18.	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 entirety), JT TEN (= joint tenants with rights of survivorship and not as tenants in common), CUST (= custodian) and U/G/M/A (= Uniform Gift to Minors Act). 

 

	19.	CUSIP and ISIN Numbers 

 The Company has caused CUSIP and ISIN numbers, if applicable, to
be printed on the Notes and has directed the Trustee to use CUSIP and ISIN numbers, if applicable, in notices of redemption or purchase 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 or purchase and reliance may be placed only on the other identification numbers placed thereon. 
  

	20.	Governing Law 

 This Note shall be governed by, and construed in accordance with, the
laws of the State of New York. 
 The Company will furnish to any Holder upon written request and without charge to the Holder a copy of the
Indenture. Requests may be made to: 
 OneMain Financial Holdings, Inc. 

300 St. Paul Place 
 Baltimore, MD
21202 
 Attention: Oona Robinson 

  
 A-2-9 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

I or we assign and transfer this Note to: 

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

 
  

 
 (Insert assignee’s social security
or tax I.D. No.) 
 and irrevocably appoint                 agent to
transfer this Note on the books of the Company. The agent may substitute another to act for him. 
  

											
	 Date:
						 
  
	Your    
 Signature:
	 
  
		  

	  Signature
 Guarantee:
										
					(Signature must be
guaranteed)                                       
             

  
  

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

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with
membership in an approved signature guarantee medallion program), pursuant to Exchange Act Rule 17Ad-15. 

  
 A-2-10 

 The undersigned hereby certifies that it  ̈ is /  ̈ is not an Affiliate of the Company and that, to its knowledge, the proposed transferee  ̈ is /  ̈ is not an
Affiliate of the Company. 
 In connection with any transfer or exchange of any of the Notes evidenced by this certificate occurring prior
to the date that is one year after the later of the date of original issuance of such Notes and the last date, if any, on which such Notes were owned by the Company or any Affiliate of the Company, the undersigned confirms that such Notes are being:

 CHECK ONE BOX BELOW: 
  

					
	(1)		 ̈		acquired for the undersigned’s own account, without transfer; or
			
	(2)		 ̈		transferred to the Company; or
			
	(3)		 ̈		transferred pursuant to and in compliance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”); or
			
	(4)		 ̈		transferred pursuant to an effective registration statement under the Securities Act; or
			
	(5)		 ̈		transferred pursuant to and in compliance with Regulation S under the Securities Act; or
			
	(6)		 ̈		transferred to an institutional “accredited investor” (as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act) or an “accredited investor” (as defined in Rule 501(a)(4) under the Securities Act),
that has furnished to the Trustee a signed letter containing certain representations and agreements (the form of which letter appears as Section 2.8 or 2.10 of the Indenture, respectively); or
			
	(7)		 ̈		transferred pursuant to another available exemption from the registration requirements of the Securities Act of 1933, as amended.

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this certificate in the
name of any person other than the registered Holder thereof; provided, however, that if box (5), (6) or (7) is checked, the Company may require, prior to registering any such transfer of the Notes, in its sole discretion,
such legal opinions, certifications and other information as the Company may reasonably request to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the
Securities Act of 1933, as amended, such as the exemption provided by Rule 144 under such Act. 

  
 A-2-11 

			
			  

			 Signature

		
	 Signature Guarantee:
		
		
	 (Signature must be

guaranteed)
		Signature

 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations
and credit unions with membership in an approved signature guarantee medallion program), pursuant to Exchange Act Rule 17Ad-15. 
 TO BE COMPLETED BY
PURCHASER IF BOX (1) OR (3) ABOVE IS CHECKED. 
 The undersigned represents and warrants that it is purchasing this Note for its
own account or an account with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, as amended, and
is aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such information
and that it is aware that the transferor is relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 

                        
Dated: 

  
 A-2-12 

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTES 

The following increases or decreases in this Global Note have been made: 

 

									
	 Date of Exchange
	  	Amount of
decrease
in Principal
Amount
of this Global
Note	  	Amount of
increase
in Principal
Amount
of this Global
Note	  	Principal
Amount of
this Global
Note following
such
decrease or
increase	  	Signature of
authorized
signatory of
Trustee or Notes
Custodian
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	
		  		  		  		  	

  
 A-2-13 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you elect to have this Note purchased by the Company pursuant to Section 3.5 or 3.9 of the Indenture, check either box: 

Section 3.5
 ̈                    Section 3.9  ̈ 

If you want to elect to have only part of this Note purchased by the Company pursuant to Section 3.5 or 3.9 of the Indenture, state the
amount in principal amount (must be in denominations of $2,000 or an integral multiple of $1,000 in excess thereof): $            and specify the denomination or denominations (which
shall not be less than the minimum authorized denomination) of the Notes to be issued to the Holder for the portion of the within Note not being repurchased (in the absence of any such specification, one such Note will be issued for the portion not
being repurchased):                     . 
  

											
	Date:								Your
Signature		
											(Sign exactly as your name appears on the other side of the Note)
						
	  Signature 
 Guarantee:
										
			    (Signature must be guaranteed)								

 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations
and credit unions with membership in an approved signature guarantee medallion program), pursuant to Exchange Act Rule 17Ad-15. 

  
 A-2-14 

 EXHIBIT B 

SUPPLEMENTAL INDENTURE  

dated as of             ,
         
 among 

ONEMAIN FINANCIAL HOLDINGS, INC., 

as Issuer 
 AND 

THE GUARANTORS PARTY HERETO 
 AND

 THE BANK OF NEW YORK MELLON, 

as Trustee 
  

 
 $700,000,000
6.75% Senior Notes due 2019 
 $800,000,000 7.25% Senior Notes due 2021 

  
 B-1 

 THIS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”) is entered
into as of             ,             , among ONEMAIN FINANCIAL HOLDINGS, INC., a Delaware corporation (the
“Company”), the guarantors listed hereunder (the “Guarantors”) and The Bank of New York Mellon, as Trustee (the “Trustee”). 

RECITALS 
 WHEREAS,
the Company, the Guarantors party thereto and the Trustee entered into the Indenture, dated as of December 11, 2014 (as amended and supplemented from time to time, the “Indenture”), relating to the Company’s 6.75% Senior
Notes due 2019 and 7.25% Senior Notes due 2021 (the “Notes”); 
 WHEREAS, the Company agreed pursuant to the
Indenture to cause any newly acquired or created Wholly Owned Domestic Subsidiary that is a Restricted Subsidiary, subject to certain exceptions, to provide a senior Guarantee. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the premises and mutual covenants herein contained and intending to be legally bound, the parties to this Supplemental Indenture hereby agree as follows: 

Section 1. Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture. 

Section 2. Each Undersigned where specified as a Guarantor in its corresponding signature block, by its execution of this Supplemental
Indenture, agrees to be a Guarantor under the Indenture and to be bound by the terms of the Indenture applicable to Guarantors, including, but not limited to, Article X thereof. 

Section 3. This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York. 

Section 4. This Supplemental Indenture may be signed in various counterparts which together will constitute one and the same instrument.

 Section 5. This Supplemental Indenture is an amendment supplemental to the Indenture and the Indenture and this Supplemental
Indenture will henceforth be read together. 

  
 B-2 

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

			
	 ONEMAIN FINANCIAL HOLDINGS,
 INC.,
as Issuer

		
	By:		  

			Name:
			Title:
	
	[Guarantor]
		
	By:		  

			Name:
			Title:
	
	The Bank of New York Mellon, as Trustee
		
	By:		  

			Name:
			Title:

  
 B-3

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