Document:

Exhibit 10.7

 

CONX Corp.

5701 S. Santa Fe Dr.

Littleton, CO 80120

 

August 28, 2020

 

Charles W. Ergen

5701 S. Santa Fe Dr.

Littleton, CO 80120

 

		RE:	Securities Subscription Agreement

 

CONX Corp., a Nevada
corporation (the “Company”, “we” or “us”), is pleased to accept the offer
made by Charles W. Ergen (“Subscriber” or “you”), to purchase 28,750,000 shares (the “Shares”)
of Class B common stock of the Company, $0.0001 par value per share (“Common Stock”), up to 3,750,000 of which
are subject to forfeiture by you to the extent that the underwriters of the initial public offering (“IPO”)
of the Company’s units, each comprised of one share of Common Stock and one, or a portion of one, warrant to purchase one
share of Common Stock (“Units”), do not fully exercise their option to purchase additional Units to cover over-allotments,
if any (the “Over-allotment Option”). The terms of the sale by the Company of the Shares to Subscriber, and
the Company and Subscriber’s agreements regarding the Shares, are as follows:

 

1. Purchase of Securities.

 

1.1. Purchase of
Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving, the Company
hereby issues the Shares to Subscriber, and Subscriber hereby purchases the Shares from the Company, on the terms and subject to
the conditions, including regarding forfeiture, set forth in this letter agreement (this “Agreement”). Concurrently
with your execution of this Agreement, the Company shall deliver to you a certificate registered in your name representing the
shares (the “Original Certificate”). In the event that you sell or transfer
any of your Shares in accordance with Section 5.1, the Company shall, upon your request and delivery of the Original Certificate
to the Company, deliver to you a new certificate registered in your name, as well as a certificate for each such transferee. 

 

2. Representations,
Warranties and Agreements.

 

2.1. Subscriber’s
Representations, Warranties and Agreements. To induce the Company to issue the Shares to Subscriber, Subscriber hereby represents
and warrants to the Company and agrees with the Company as follows:

 

2.1.1. Authority.
This Agreement is a legal, valid and binding agreement of Subscriber, enforceable against Subscriber in accordance with its terms,
except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting
the enforcement of creditors’ rights generally and subject to general principles of equity (regardless of whether enforcement
is sought in a proceeding at law or in equity).

 

2.1.2. No Conflicts.
The execution, delivery and performance of this Agreement and the consummation by Subscriber of the transactions contemplated hereby
do not violate, conflict with or constitute a default under (i) any agreement, indenture or instrument to which Subscriber is a
party or (ii) any law, statute, rule, regulation, order, judgment or decree to which Subscriber is subject.

 

2.1.3. No Governmental
Consents. No governmental, administrative or other third party consents or approvals are required, necessary or appropriate
on the part of Subscriber in connection with the transactions contemplated by this Agreement.

 

    -1-

     

    

 

2.1.4. Experience,
Financial Capability and Suitability. Subscriber is sophisticated in financial matters and is able to evaluate the risks
and benefits of the investment in the Shares. Subscriber acknowledges that the Shares have not been registered under the
Securities Act of 1933, as amended (the “Securities Act”), and therefore cannot be sold unless
subsequently registered under the Securities Act or an exemption from such registration is available. Subscriber understands
that it must bear the economic risk of this investment until the Shares are sold pursuant to: (i) an effective registration
statement under the Securities Act or (ii) an exemption from registration available with respect to such sale. Subscriber is
able to bear the economic risk of an investment in the Shares for an indefinite period of time and to afford a complete loss
of Subscriber’s investment in the Shares.

 

2.1.5. No Government
Recommendation or Approval. Subscriber understands that no federal or state agency has passed upon or made any recommendation
or endorsement of the offering of the Shares.

 

2.1.6. Access to
Information; Independent Investigation. Prior to the execution of this Agreement, Subscriber has had the opportunity to ask
questions of and receive answers from representatives of the Company concerning an investment in the Company, as well as the financial
condition, business and prospects of the Company, and the opportunity to obtain additional information to verify the accuracy of
all information so obtained. In determining whether to make this investment, Subscriber has relied solely on Subscriber’s
own knowledge and understanding of the Company and its business based upon Subscriber’s own due diligence investigation.
Subscriber understands that no person has been authorized to make any representations other than as set forth in this Agreement
and Subscriber has not relied on any other written or oral representations relating to the financial condition, business and prospects
of the Company in making its investment decision.

 

2.1.7. Investment
Representations. Subscriber represents that it is an “accredited investor” as such term is defined in Rule 501(a)
of Regulation D under the Securities Act and acknowledges the sale contemplated hereby is being made in reliance on the private
placement exemption in Section 4(a)(2) of the Securities Act and/or said Regulation D and similar exemptions under state law. Subscriber
is purchasing the Shares solely for investment purposes, for Subscriber’s own account and not for the account or benefit
of any other person, and not with a view towards the distribution or dissemination thereof. Subscriber did not decide to enter
into this Agreement as a result of any general solicitation or general advertising within the meaning of Rule 502 under the Securities
Act.

 

2.1.8. Restrictions
on Transfer; Shell Company. Subscriber understands the Shares are being offered in a transaction not involving a public offering
within the meaning of the Securities Act. Subscriber understands the Shares will be “restricted securities” within
the meaning of Rule 144(a)(3) under the Securities Act, and Subscriber understands that the certificates or book-entries representing
the Shares will contain a legend or notation in respect of such restrictions. If, in the future, Subscriber decides to offer, resell,
pledge or otherwise transfer the Shares, such Shares may be offered, resold, pledged or otherwise transferred only pursuant to:
(i) an effective registration statement under the Securities Act or (ii) an exemption from registration available with respect
to such sale. Subscriber agrees that if any transfer of its Shares or any interest therein is proposed to be made, as a condition
precedent to any such transfer, Subscriber may be required to deliver to the Company an opinion of counsel satisfactory to the
Company. Absent registration or available exemption, Subscriber agrees not to resell the Shares. Subscriber further acknowledges
that because the Company is a shell company, Rule 144 may not be available to Subscriber for the resale of the Shares until one
year following consummation of the initial business combination of the Company, despite the release or waiver of any contractual
transfer restrictions.

 

2.2. Company’s
Representations, Warranties and Agreements. To induce Subscriber to purchase the Shares, the Company hereby represents and
warrants to Subscriber and agrees with Subscriber as follows:

 

2.2.1. Organization
and Authority. The Company is a corporation, duly organized, validly existing and in good standing under the laws of the State
of Nevada and possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.
This Agreement is a legal, valid and binding agreement of the Company, enforceable against the Company in accordance with its terms,
except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting
the enforcement of creditors’ rights generally and subject to general principles of equity (regardless of whether enforcement
is sought in a proceeding at law or in equity).

 

    -2-

     

    

 

2.2.2. No Conflicts.
The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions contemplated
hereby do not violate, conflict with or constitute a default under (i) the formation and governing documents of the Company, (ii)
any agreement, indenture or instrument to which the Company is a party or (iii) any law, statute, rule, regulation, order, judgment
or decree to which the Company is subject.

 

2.2.3. No Governmental
Consents. No governmental, administrative or other third party consents or approvals are required, necessary or appropriate
on the part of the Company in connection with the transactions contemplated by this Agreement.

 

2.2.4. Title to
Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof, the Shares will be duly and validly
issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof, Subscriber will
have or receive good title to the Shares, free and clear of all liens, claims and encumbrances of any kind, other than (a) transfer
restrictions hereunder and other agreements to which the Shares may become subject, (b) transfer restrictions under federal and
state securities laws, and (c) liens, claims or encumbrances imposed due to the actions of Subscriber.

 

3. Forfeiture of
Shares.

 

3.1. Partial or
No Exercise of the Over-allotment Option. In the event the Over-allotment Option is not exercised in full, Subscriber acknowledges
and agrees that it (or, if applicable, it and/or any transferees of Shares) shall forfeit any and all rights to such number of
Shares (up to an aggregate of 3,750,000 Shares (as such amount may be adjusted for share splits, share dividends, reorganizations,
recapitalizations and the like) and pro rata based upon the percentage of the Over-allotment Option exercised) such that immediately
following such forfeiture, Subscriber (and all other initial stockholders of the Company prior to the IPO, if any) will own an
aggregate number of Shares equal to 20% of the issued and outstanding Shares immediately following the IPO.

 

3.2. Termination
of Rights as Stockholder. If any of the Shares are forfeited in accordance with this Section 3, then after such time Subscriber
(or its successor in interest), shall no longer have any rights as a holder of such forfeited Shares, and the Company shall take
such action as is appropriate to cancel such forfeited Shares.

 

3.3. Share Certificates.
In the event an adjustment to the Original Certificate, if any, is required pursuant to this
Section 3, then Subscriber shall return such Original Certificate to the Company or its designated agent as soon as practicable
upon its receipt of notice from the Company advising Subscriber of such adjustment, following which a new certificate (the “New
Certificate”), if any, shall be issued in such amount representing the adjusted number of Shares held by Subscriber.
The New Certificate, if any, shall be returned to Subscriber as soon as practicable. Any such adjustment for any uncertificated
securities held by Subscriber shall be made in book-entry form.

 

4. Waiver of Redemption
Rights. Subscriber hereby waives any and all rights to redeem the Shares for a portion of the amounts held in the trust account
into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”) in the event
of the Company’s failure to timely complete an initial business combination, an extension of the time period to complete
an initial business combination or upon the consummation of an initial business combination. For purposes of clarity, in the event
Subscriber purchases shares of Common Stock included in the Units issued in the IPO (“Public Shares”), either
in the IPO or in the aftermarket, any Public Shares so purchased shall be eligible to be redeemed for a portion of the amounts
held in the Trust Account in the event of the Company’s failure to timely complete an initial business combination (but,
for the avoidance of doubt, not in connection with an extension of the time period to complete an initial business combination
or upon the consummation of an initial business combination).

 

    -3-

     

    

 

5. Restrictions
on Transfer.

 

5.1. Securities
Law Restrictions. In addition to any restrictions to be contained in that certain letter agreement
(commonly known as an “Insider Letter”) to be dated as of the closing of the IPO by and between Subscriber and
the Company (which will also contain other agreements with respect to the Shares), Subscriber agrees not to sell, transfer, pledge,
hypothecate or otherwise dispose of all or any part of the Shares unless, prior thereto, (a) a registration statement covering
such Shares shall be effective under the Securities Act and the transaction shall be qualified under applicable state law or (b)
the transaction is exempt from the registration requirements under the Securities Act and the qualification requirements under
applicable state law and, if the Company requests, an opinion satisfactory to the company to such effect has been rendered by counsel.

  

5.2. Restrictive
Legends. Any certificates representing the Shares shall have endorsed thereon legends substantially as follows (and any book-entries
representing the Shares shall have similar notations):

 

“THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR QUALIFIED UNDER ANY STATE LAWS AND MAY NOT BE
OFFERED FOR SALE, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED OR ASSIGNED UNLESS (I) A REGISTRATION STATEMENT COVERING
SUCH SECURITIES IS EFFECTIVE UNDER SUCH ACT AND THE TRANSACTION IS QUALIFIED UNDER APPLICABLE STATE LAW OR (II) THE TRANSACTION
IS EXEMPT FROM THE REGISTRATION REQUIREMENTS UNDER THE ACT AND THE QUALIFICATION REQUIREMENTS OF APPLICABLE STATE LAW AND, IF THE
COMPANY REQUESTS, AN OPINION SATISFACTORY TO THE COMPANY TO SUCH EFFECT HAS BEEN RENDERED BY COUNSEL.”

 

“THE SECURITIES REPRESENTED
BY THIS CERTIFICATE ARE SUBJECT TO ADDITIONAL RESTRICTIONS ON TRANSFER SET FORTH IN A LETTER AGREEMENT WITH THE COMPANY (A COPY
OF WHICH MAY BE OBTAINED FROM THE COMPANY AT THE COMPANY’S PRINCIPAL PLACE OF BUSINESS WITHOUT CHARGE) AND MAY NOT BE OFFERED,
SOLD, TRANSFERRED, PLEDGED, HYPOTHECATED OR OTHERWISE DISPOSED OF IN VIOLATION OF SUCH RESTRICTIONS.”

 

5.3. Additional
Shares or Substituted Securities. In the event of the declaration of a share dividend, the declaration of an extraordinary
dividend payable in a form other than Shares, a spin-off, a share split, an adjustment in conversion ratio, a recapitalization
or a similar transaction affecting the Company’s outstanding Shares without receipt of consideration, any new, substituted
or additional securities or other property which are by reason of such transaction distributed with respect to any Shares subject
to this Section 5 or into which such Shares thereby become convertible shall immediately be subject to this Section 5 and Section
3 hereof. Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or
class of Shares subject to this Section 5 and Section 3.

 

6. Other Agreements.

 

6.1. Further Assurances.
Subscriber agrees to execute such further instruments and to take such further action as may reasonably be necessary to carry out
the intent of this Agreement.

 

6.2. Notices.
All notices, statements or other documents which are required or contemplated by this Agreement shall be in writing and delivered
(i) personally or by certified mail (return receipt requested) or overnight courier service or (ii) by electronic mail, if to the
Company, at the address of its principal offices and any electronic mail address as may be designated in writing by the Company
and, if to Subscriber, at its address in the books and records of the Company and any electronic mail address as may be designated
in writing by Subscriber, or to such other addresses as may be designated in writing by the Company or Subscriber. All such notices,
statements or other documents shall be deemed received on the date of receipt by the recipient thereof if received prior to 8:00
p.m. on a business day in the place of receipt. Otherwise, any such notices, statements or other documents shall be deemed to have
been received on the next succeeding business day in the place of receipt.

 

    -4-

     

    

 

6.3. Entire Agreement.
This Agreement, together with the Insider Letter and the registration rights agreement to be entered into with respect to the Shares,
each substantially in the form to be filed as an exhibit to the Registration Statement on Form S-1 associated with the Company’s
IPO, embodies the entire agreement and understanding between Subscriber and the Company with respect to the subject matter hereof
and supersedes all prior oral or written agreements and understandings relating to the subject matter hereof. No statement, representation,
warranty, covenant or agreement of any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change
or restrict, the express terms and provisions of this Agreement.

 

6.4. Modifications
and Amendments. The terms and provisions of this Agreement may be modified or amended only by written agreement executed by
all parties hereto.

 

6.5. Waivers and
Consents. The terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted, only by
a written document executed by the party entitled to the benefits of such terms or provisions. No such waiver or consent shall
be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether
or not similar. Each such waiver or consent shall be effective only in the specific instance and for the purpose for which it was
given, and shall not constitute a continuing waiver or consent.

 

6.6. Assignment.
The rights and obligations under this Agreement may not be assigned by either party hereto without the prior written consent of
the other party.

 

6.7. Benefit.
All statements, representations, warranties, covenants and agreements in this Agreement shall be binding on the parties hereto
and shall inure to the benefit of the respective successors and permitted assigns of each party hereto. Nothing in this Agreement
shall be construed to create any rights or obligations except among the parties hereto, and no person or entity shall be regarded
as a third-party beneficiary of this Agreement.

 

6.8. Governing Law.
This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with and governed by the
laws of the State of Nevada applicable to contracts wholly performed within the borders of such state, without giving effect to
the conflict of law principles thereof.

 

6.9. Severability.
In the event that any court of competent jurisdiction shall determine that any provision, or any portion thereof, contained in
this Agreement shall be unreasonable or unenforceable in any respect, then such provision shall be deemed limited to the extent
that such court deems it reasonable and enforceable, and, as so limited, shall remain in full force and effect. In the event that
such court shall deem any such provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement
shall nevertheless remain in full force and effect.

 

6.10. No Waiver
of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy under this Agreement,
and no course of dealing between the parties hereto, shall operate as a waiver of any such right, power or remedy of such party.
No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor any abandonment or discontinuance
of steps to enforce any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the
exercise of any other right, power or remedy hereunder. The election of any remedy by a party hereto shall not constitute a waiver
of the right of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this
Agreement shall entitle the party receiving such notice or demand to any other or further notice or demand in similar or other
circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or further action in
any circumstances without such notice or demand.

 

6.11. Survival of
Representations and Warranties. All representations and warranties made by the parties hereto in this Agreement or in any other
agreement, certificate or instrument provided for or contemplated hereby, shall survive the execution and delivery hereof and any
investigations made by or on behalf of the parties.

 

    -5-

     

    

 

6.12. No Broker
or Finder. Each of the parties hereto represents and warrants to the other that no broker, finder or other financial consultant
has acted on its behalf in connection with this Agreement or the transactions contemplated hereby in such a way as to create any
liability on the other. Each of the parties hereto agrees to indemnify and save the other harmless from any claim or demand for
commission or other compensation by any broker, finder, financial consultant or similar agent claiming to have been employed by
or on behalf of such party and to bear the cost of legal expenses incurred in defending against any such claim.

  

6.13. Headings and
Captions. The headings and captions of the various subdivisions of this Agreement are for convenience of reference only and
shall in no way modify or affect the meaning or construction of any of the terms or provisions hereof.

 

6.14. Counterparts.
This Agreement may be executed in one or more counterparts, all of which when taken together shall be considered one and the
same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party,
it being understood that both parties need not sign the same counterpart. In the event that any signature is delivered in pdf
format via electronic mail, such signature shall create a valid and binding obligation of the party executing (or on whose
behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.

 

6.15. Construction.
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of
intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption
or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement.
The words “include,” “includes,” and “including” will be deemed to be
followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed to include
any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context otherwise
requires. The words “this Agreement,” “herein,” “hereof,” “hereby,”
 “hereunder,” and words of similar import refer to this Agreement as a whole and not to any particular subdivision
unless expressly so limited. The parties hereto intend that each representation, warranty, and covenant contained herein will have
independent significance. If any party hereto has breached any representation, warranty, or covenant contained herein in any respect,
the fact that there exists another representation, warranty or covenant relating to the same subject matter (regardless of the
relative levels of specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party
hereto is in breach of the first representation, warranty, or covenant.

 

6.16. Mutual Drafting.
This Agreement is the joint product of Subscriber and the Company and each provision hereof has been subject to the mutual consultation,
negotiation and agreement of such parties and shall not be construed for or against any party hereto.

 

[Signature Page Follows]

 

    -6-

     

    

 

If the foregoing accurately
sets forth our understanding and agreement, please sign the enclosed copy of this Agreement and return it to us.

 

	 	Very truly yours,
	 	 
	 	CONX Corp.
	 	 	 
	 	By:  	/s/ Jason Kiser     
	 	 	Name: Jason Kiser
	 	 	Title: Chief Executive Officer

 

Accepted and agreed
as of the date first written above.

 

charles W. ergen

 

	By:  	/s/ Charles W. ErgenEX-4.1

 Exhibit 4.1 

EXECUTION COPY 
 ENERGIZER
HOLDINGS, INC. 
 as Issuer 
 The
Guarantors party hereto from time to time 
 and 

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

as Trustee 
 INDENTURE 

Dated as of September 30, 2020 

4.375% Senior Notes due 2029 

 TABLE OF CONTENTS 

 
  

 

							
	 	  	 	  	PAGE	 
			
		  	ARTICLE 1	  			
		  	DEFINITIONS AND INCORPORATION BY REFERENCE	  			
	 Section 1.01.
	  	Definitions	  	 	1	 
	 Section 1.02.
	  	Other Definitions	  	 	38	 
	 Section 1.03.
	  	Trust Indenture Act	  	 	39	 
	 Section 1.04.
	  	Rules of Construction	  	 	39	 
			
		  	ARTICLE 2	  			
		  	THE NOTES	  			
	 Section 2.01.
	  	Amount of Notes	  	 	40	 
	 Section 2.02.
	  	Form and Dating	  	 	40	 
	 Section 2.03.
	  	Execution and Authentication	  	 	40	 
	 Section 2.04.
	  	Registrar and Paying Agent	  	 	41	 
	 Section 2.05.
	  	Paying Agent to Hold Money in Trust	  	 	42	 
	 Section 2.06.
	  	Noteholder Lists	  	 	42	 
	 Section 2.07.
	  	Replacement Notes	  	 	43	 
	 Section 2.08.
	  	Outstanding Notes	  	 	43	 
	 Section 2.09.
	  	Temporary Notes	  	 	44	 
	 Section 2.10.
	  	Cancellation	  	 	44	 
	 Section 2.11.
	  	Defaulted Interest	  	 	44	 
	 Section 2.12.
	  	CUSIP, ISIN or Common Code Numbers	  	 	44	 
			
		  	ARTICLE 3	  			
		  	REDEMPTION	  			
			
	 Section 3.01.
	  	Notices to Trustee	  	 	44	 
	 Section 3.02.
	  	Selection of Notes to be Redeemed	  	 	45	 
	 Section 3.03.
	  	Notice of Redemption	  	 	45	 
	 Section 3.04.
	  	Effect of Notice of Redemption	  	 	46	 
	 Section 3.05.
	  	Deposit of Redemption Price	  	 	46	 
	 Section 3.06.
	  	Notes Redeemed in Part	  	 	47	 
	 Section 3.07.
	  	Optional Redemption	  	 	47	 
			
		  	ARTICLE 4	  			
		  	COVENANTS	  			
	 Section 4.01.
	  	Covenant Suspension	  	 	47	 
	 Section 4.02.
	  	Payment of Notes	  	 	48	 
	 Section 4.03.
	  	Reports	  	 	48	 
	 Section 4.04.
	  	Limitation on Debt	  	 	50	 

  
 i 

							
	 Section 4.05.
	  	Limitation on Restricted Payments	  	 	53	 
	 Section 4.06.
	  	Limitation on Liens	  	 	57	 
	 Section 4.07.
	  	Limitation on Asset Sales	  	 	58	 
	 Section 4.08.
	  	Limitation on Restrictions on Distributions from Restricted Subsidiaries	  	 	62	 
	 Section 4.09.
	  	Limitation on Transactions with Affiliates	  	 	64	 
	 Section 4.10.
	  	Designation of Restricted and Unrestricted Subsidiaries	  	 	66	 
	 Section 4.11.
	  	Limitation on Sale and Leaseback Transactions	  	 	67	 
	 Section 4.12.
	  	Change of Control	  	 	68	 
	 Section 4.13.
	  	Further Instruments and Acts	  	 	69	 
	 Section 4.14.
	  	Additional Note Guarantees	  	 	69	 
	 Section 4.15.
	  	Existence	  	 	70	 
	 Section 4.16.
	  	Payment of Taxes and other Claims	  	 	70	 
	 Section 4.17.
	  	Maintenance of Properties and Insurance	  	 	70	 
	 Section 4.18.
	  	Annual Officer’s Certificate as to Compliance	  	 	70	 
	 Section 4.19.
	  	Limitation on Accounts Receivables Facilities	  	 	70	 
			
		  	ARTICLE 5	  			
		  	SUCCESSOR ISSUER	  			
			
	 Section 5.01.
	  	Merger, Consolidation and Sale of Property	  	 	71	 
	 Section 5.02.
	  	When Guarantors May Merge or Transfer Assets	  	 	72	 
	 Section 5.03.
	  	Application to the Consummation of the Transactions	  	 	73	 
			
		  	ARTICLE 6	  			
		  	DEFAULTS AND REMEDIES	  			
			
	 Section 6.01.
	  	Events of Default	  	 	73	 
	 Section 6.02.
	  	Acceleration	  	 	74	 
	 Section 6.03.
	  	Other Remedies	  	 	75	 
	 Section 6.04.
	  	Waiver of Past Defaults	  	 	75	 
	 Section 6.05.
	  	Control by Majority	  	 	75	 
	 Section 6.06.
	  	Limitation on Suits	  	 	76	 
	 Section 6.07.
	  	Rights of Holders to Receive Payment	  	 	76	 
	 Section 6.08.
	  	Collection Suit by Trustee	  	 	76	 
	 Section 6.09.
	  	Trustee May File Proofs of Claim	  	 	76	 
	 Section 6.10.
	  	Priorities	  	 	77	 
	 Section 6.11.
	  	Undertaking for Costs	  	 	77	 
	 Section 6.12.
	  	Waiver of Stay or Extension Laws	  	 	77	 
	 Section 6.13.
	  	Restoration of Rights and Remedies	  	 	77	 
	 Section 6.14.
	  	Rights and Remedies Cumulative	  	 	78	 
	 Section 6.15.
	  	Delay or Omission Not Waiver	  	 	78	 
		  	ARTICLE 7	  			
		  	TRUSTEE	  			
			
	 Section 7.01.
	  	Duties of Trustee	  	 	78	 

  
 ii 

							
	 Section 7.02.
	  	Rights of Trustee	  	 	79	 
	 Section 7.03.
	  	Individual Rights of Trustee	  	 	81	 
	 Section 7.04.
	  	Trustee’s Disclaimer	  	 	81	 
	 Section 7.05.
	  	Notice of Defaults	  	 	81	 
	 Section 7.06.
	  	[Reserved]	  	 	81	 
	 Section 7.07.
	  	Compensation and Indemnity	  	 	81	 
	 Section 7.08.
	  	Replacement of Trustee	  	 	82	 
	 Section 7.09.
	  	Successor Trustee by Merger	  	 	83	 
	 Section 7.10.
	  	Eligibility; Disqualification	  	 	83	 
	 Section 7.11.
	  	Preferential Collection of Claims Against Issuer	  	 	84	 
			
		  	ARTICLE 8	  			
		  	DISCHARGE OF INDENTURE; DEFEASANCE	  			
			
	 Section 8.01.
	  	Discharge of Liability on Notes; Defeasance	  	 	84	 
	 Section 8.02.
	  	Conditions to Defeasance	  	 	85	 
	 Section 8.03.
	  	Application of Trust Money	  	 	86	 
	 Section 8.04.
	  	Repayment to Issuer	  	 	86	 
	 Section 8.05.
	  	Indemnity for U.S. Government Obligations	  	 	86	 
	 Section 8.06.
	  	Reinstatement	  	 	86	 
			
		  	ARTICLE 9	  			
		  	AMENDMENTS	  			
			
	 Section 9.01.
	  	Without Consent of Holders	  	 	87	 
	 Section 9.02.
	  	With Consent of Holders	  	 	88	 
	 Section 9.03.
	  	[Reserved]	  	 	89	 
	 Section 9.04.
	  	Revocation and Effect of Consents and Waivers	  	 	89	 
	 Section 9.05.
	  	Notation on or Exchange of Notes	  	 	90	 
	 Section 9.06.
	  	Trustee to Sign Amendments	  	 	90	 
			
		  	ARTICLE 10	  			
		  	NOTE GUARANTEES	  			
			
	 Section 10.01.
	  	The Note Guarantees	  	 	90	 
	 Section 10.02.
	  	Guarantee Unconditional	  	 	90	 
	 Section 10.03.
	  	Discharge; Reinstatement	  	 	91	 
	 Section 10.04.
	  	Waiver by the Guarantors	  	 	91	 
	 Section 10.05.
	  	Subrogation and Contribution	  	 	91	 
	 Section 10.06.
	  	Stay of Acceleration	  	 	91	 
	 Section 10.07.
	  	Limitation on Amount of Note Guarantee	  	 	92	 
	 Section 10.08.
	  	Execution and Delivery of Note Guarantee	  	 	92	 
	 Section 10.09.
	  	Release of Note Guarantee	  	 	92	 
		  	ARTICLE 11	  			
		  	MISCELLANEOUS	  			
			
	 Section 11.01.
	  	[Reserved]	  	 	93	 

  
 iii 

							
	 Section 11.02.
	  	Notices	  	 	93	 
	 Section 11.03.
	  	[Reserved]	  	 	94	 
	 Section 11.04.
	  	Certificate and Opinion as to Conditions Precedent	  	 	94	 
	 Section 11.05.
	  	Statements Required in Certificate or Opinion	  	 	94	 
	 Section 11.06.
	  	When Notes Disregarded	  	 	95	 
	 Section 11.07.
	  	Rules by Trustee, Paying Agents and Registrar	  	 	95	 
	 Section 11.08.
	  	Business Days	  	 	95	 
	 Section 11.09.
	  	Governing Law/Waiver of Trial by Jury; Submission to Jurisdiction	  	 	95	 
	 Section 11.10.
	  	No Recourse Against Others	  	 	96	 
	 Section 11.11.
	  	Successors	  	 	96	 
	 Section 11.12.
	  	Multiple Originals	  	 	96	 
	 Section 11.13.
	  	Table of Contents; Headings	  	 	96	 
	 Section 11.14.
	  	Force Majeure	  	 	97	 
	 Section 11.15.
	  	U.S.A. Patriot Act	  	 	97	 
	 Section 11.16.
	  	FATCA	  	 	97	 

 Appendix A - Provisions Relating to Notes 

EXHIBIT INDEX 

					
	Exhibit A	 	—	 	Form of Note
	Exhibit B	 	—	 	Form of Supplemental Indenture for Future Guarantors

  
 iv 

 INDENTURE, dated as of September 30, 2020, among ENERGIZER HOLDINGS, INC., a Missouri
corporation (the “Issuer”), the Guarantors party hereto and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee (the “Trustee”). 

RECITALS 
 The Issuer has
duly authorized the execution and delivery of the Indenture to provide for the issuance on the date hereof of $800,000,000 aggregate principal amount of the Issuer’s 4.375% Senior Notes due 2029 (the “Original Notes”) issued
therefor as provided herein (the Original Notes and any Additional Notes (as defined below) together referred to herein as the “Notes”). All things necessary to make the Indenture a valid agreement of the Issuer, in accordance with
its terms, have been done, and the Issuer has done all things necessary to make the Notes, when executed by the Issuer and authenticated and delivered by the Trustee and duly issued by the Issuer, the valid obligations of the Issuer as hereinafter
provided. 
 THIS INDENTURE WITNESSETH 

For and in consideration of the premises and the purchase of the Notes by the Holders thereof, the parties hereto covenant and agree, for the
equal and proportionate benefit of all Holders, as follows: 
 ARTICLE 1 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.01. Definitions. 

“2019 Common Stock Offering” means the previously completed public offering and issuance of 4,687,498 shares of common stock
of the Issuer, pursuant to the Issuer’s prospectus supplement dated January 15, 2019 relating to such offering. 
 “2019
Preferred Stock Offering” means the previously completed public offering and issuance of the 2,156,250 shares of Series A Mandatory Convertible Preferred Stock, pursuant to the Issuer’s prospectus supplement dated January 15, 2019
relating to such offering. 
 “2025 Notes Effective Date” means July 1, 2015. 

“2025 Notes Offering Memorandum” means the Issuer’s final Offering Memorandum dated as of May 15, 2015 relating to
the Issuer’s 5.500% Senior Notes due 2025. 
 “2026 Notes” means the USD 2026 Senior Notes and the EUR 2026 Senior
Notes. 
 “2026 Notes Effective Date” means January 2, 2019. 

  
 1 

 “2027 Notes” means the Issuer’s 7.750% Senior Notes due 2027. 

“2027 Notes Effective Date” means January 28, 2019. 

“2027 Senior Notes Indenture” means the Indenture dated as of January 28, 2019, as amended and supplemented, among the
Issuer, the guarantors party thereto from time to time, and The Bank of New York Mellon Trust Company, N.A., as trustee relating to the 2027 Notes. 

“2028 Notes” means the Issuer’s 4.750% Senior Notes due 2028. 

“2028 Senior Notes Indenture” means the Indenture dated as of July 1, 2020, as amended and supplemented, among the
Issuer, the guarantors party thereto from time to time, and The Bank of New York Mellon Trust Company, N.A., as trustee relating to the 2028 Notes. 

“Additional Assets” means: 

(a) any Property (other than cash, cash equivalents, securities and inventory or other current assets), including any improvements thereto
through capital expenditures or otherwise, to be used, or that is useful, in a Permitted Business; 
 (b) Capital Stock of (i) a Person
that becomes a Restricted Subsidiary as a result of the acquisition of that Capital Stock by the Issuer or another Restricted Subsidiary from any Person other than the Issuer or an Affiliate of the Issuer or (ii) any Person that at such time is
a Restricted Subsidiary; provided, however, that, in the case of this clause (b), the Restricted Subsidiary is primarily engaged in a Permitted Business; or 

(c) all or substantially all of the assets of a Permitted Business. 

“Additional Notes” means any Notes issued under this Indenture in addition to the Original Notes, but excluding any Notes
issued pursuant to Section 2.07, 2.09 or 3.06 or Appendix A in respect of the Original Notes. 
 “Affiliate” of any
specified Person means any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with that 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 that 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. 
 “Applicable Premium” means, with respect to any Note on any Redemption Date, the greater of: 

(a) 1.0% of the principal amount of such Note; and 

  
 2 

 (b) the excess, if any, of (i) the present value on such Redemption Date of
(A) the redemption price of such Notes on September 30, 2023 (such redemption price being that described in paragraph 5 of the Notes), plus (B) all required remaining scheduled interest payments due on such Note through
September 30, 2023 computed using a discount rate equal to the Treasury Rate plus 50 basis points, over (ii) the principal amount of such Note. 

“Approved Bank” means (a) any lender under the revolving credit facility under the Credit Agreement, (b) any United
States domestic commercial bank of recognized standing having capital and surplus in excess of $500,000,000 or (c) any bank (or parent thereof) whose short-term commercial paper rating from S&P is at least
A-2 or the equivalent thereof or from Moody’s is at least P-2 or the equivalent thereof. 

“Asset Sale” means any direct or indirect sale, lease (other than an operating lease entered into in the ordinary course of
business), transfer, issuance or other disposition (or series of related sales, leases, transfers, issuances or dispositions that are part of a common plan) by the Issuer or any Restricted Subsidiary, including any disposition by means of a merger,
consolidation or similar transaction (each referred to for the purposes of this definition as a “disposition”), of: 
 (a)
any shares of Capital Stock of a Restricted Subsidiary (other than directors’ qualifying shares and shares issued to foreign nationals to the extent required by applicable law), 

(b) all or substantially all the assets of any division or line of business of the Issuer or any Restricted Subsidiary, or 

(c) any other Property of the Issuer or any Restricted Subsidiary outside of the ordinary course of business of the Issuer or such Restricted
Subsidiary, 
 other than, in the case of clause (a), (b) or (c) above, 

(i) any disposition by a Restricted Subsidiary to the Issuer or by the Issuer or a Restricted Subsidiary to a Restricted
Subsidiary; 
 (ii) any disposition that constitutes a Permitted Investment or Restricted Payment permitted by
Section 4.05; 
 (iii) any disposition effected in compliance with the first paragraph in Section 5.01; 

(iv) any disposition that does not (together with all related dispositions) involve assets having a Fair Market Value or
consideration in excess of $20.0 million; 
 (v) any disposition of Cash Equivalents in the ordinary course of business;

  
 3 

 (vi) any disposition of obsolete, damaged or worn out property or equipment
or property or equipment that is no longer useful in the conduct of the business and its Restricted Subsidiaries; 
 (vii)
any disposition pursuant to a Sale and Leaseback Transaction; 
 (viii) the creation or Incurrence of a Permitted Lien or any
other Lien created or Incurred in compliance with the covenant described in Section 4.06 and dispositions in connection therewith; 

(ix) dispositions of receivables in connection with the compromise, settlement or collection thereof in the ordinary course of
business or in bankruptcy or similar proceedings and exclusive of factoring or similar arrangements; 
 (x) the issuance by a
Restricted Subsidiary of Preferred Stock or Disqualified Stock that is permitted by the covenant described in Section 4.04; 

(xi) a surrender or waiver of contract rights or a settlement, release or surrender of contract, tort or other claims in the
ordinary course of business; 
 (xii) foreclosure on assets or property; 

(xiii) any grant of a non-exclusive license of trademarks, know-how, patents and any other intellectual property or intellectual property rights; 

(xiv) any sale or other disposition of Capital Stock in, or Debt or other securities of, an Unrestricted Subsidiary; 

(xv) the lease, assignment, sub-lease, license or
sub-license of any real or personal property in the ordinary course of business; 

(xvi) the lapse or abandonment of intellectual property rights in the ordinary course of business; 

(xvii) the issuance of directors’ qualifying shares and shares issued to foreign nationals or other third parties as
required by applicable law; 
 (xviii) sales of inventory in the ordinary course of business; 

(xix) any exchange of like-kind property (excluding any securities) pursuant to Section 1031 of the Code that are used or
useful in a Permitted Business; 
 (xx) condemnations or any similar action on assets; 

(xxi) dispositions of accounts receivable and related assets to a Securitization Subsidiary or to banks, investment banks,
insurance companies, 

  
 4 

 
mutual funds or other institutional lenders in connection with a Permitted Receivables Financing; and 

(xxii) any non-recourse factoring of accounts receivable pursuant to a factoring
program sponsored by a retailer of national standing in partnership with a financial institution or otherwise entered into by the Issuer or any of its subsidiaries with a financial institution. 

“Attributable Debt” in respect of a Sale and Leaseback Transaction means, at any date of determination, 

(a) if the Sale and Leaseback Transaction creates a Capital Lease Obligation, or Synthetic Lease Obligation the amount of Debt represented
thereby according to the definition of “Capital Lease Obligation” or “Synthetic Lease Obligation,” as applicable, and 

(b) in all other instances, the greater of: 

(1) the Fair Market Value of the Property subject to the Sale and Leaseback Transaction, and 

(2) the present value (discounted at the interest rate borne by the Notes, compounded annually) of the total obligations of the
lessee for rental payments during the remaining term of the lease included in the Sale and Leaseback Transaction (including any period for which the lease has been extended). 

“Authentication Agent” means an institution, reasonably acceptable to the Issuer, appointed by the Trustee to authenticate
the Notes. 
 “Auto Care Acquisition” means the acquisition by the Issuer of the Transferred Entities (as defined in
the Auto Care Acquisition Agreement) and the Transferred Assets (as defined in the Auto Care Acquisition Agreement) and the assumption of the Assumed Liabilities (as defined in the Auto Care Acquisition Agreement) pursuant to the Auto Care
Acquisition Agreement or any other Transaction Document (as defined in the Auto Care Acquisition Agreement). 
 “Auto Care
Acquisition Agreement” means the Acquisition Agreement dated as of November 15, 2018 between Spectrum Brands Holdings, Inc. and the Issuer, as in effect on the Issue Date and as may be further amended in accordance with its terms. 

“Auto Care Transactions” means the “Transactions” as defined in the 2027 Senior Notes Indenture. 

“Average Life” means, as of any date of determination, with respect to any Debt or Preferred Stock, the quotient obtained by
dividing: 

  
 5 

 (a) the sum of the product of the numbers of years (rounded to the nearest one-twelfth of one year) from the date of determination to the dates of each successive scheduled principal payment of that Debt or redemption or similar payment with respect to that Preferred Stock multiplied by
the amount of the payment by 
 (b) the sum of all payments of this kind. 

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

“Battery Acquisition” means the acquisition by the Issuer of the Transferred Entities (as defined in the Battery Acquisition
Agreement) and the Transferred Assets (as defined in the Battery Acquisition Agreement) and the assumption of the Assumed Liabilities (as defined in the Battery Acquisition Agreement) pursuant to the Battery Acquisition Agreement or any other
Transaction Document (as defined in the Battery Acquisition Agreement). 
 “Battery Acquisition Agreement” means the
Acquisition Agreement dated as of January 15, 2018 between Spectrum Brands Holdings, Inc. and the Issuer, as amended and restated as of November 15, 2018, as in effect on the Issue Date and as may be further amended in accordance with its
terms. 
 “Battery Transactions” means the “Transactions” as defined in each of the USD 2026 Senior Notes
Indenture and the EUR 2026 Senior Notes Indenture. 
 “Beneficial Owner” means a beneficial owner as defined in Rule 13d-3 under the Exchange Act, except that: 
 (a) a Person will be deemed to be the Beneficial Owner of all
shares that the Person has the right to acquire, whether that right is exercisable immediately or only after the passage of time, and 
 (b)
for purposes of clause (a) of the definition of “Change of Control,” any “person” or “group” (as those terms are defined in Sections 13(d) and 14(d) of the Exchange Act or any successor provisions to either of the
foregoing), including any group acting for the purpose of acquiring, holding, voting or disposing of securities within the meaning of Rule 13d-5(b)(1) under the Exchange Act, shall be deemed to be the
Beneficial Owners of any Voting Stock of a corporation or other legal entity held by any other corporation or legal entity (the “parent corporation”), so long as that person or group Beneficially Owns, directly or indirectly, in the
aggregate a majority of the total voting power of the Voting Stock of that parent corporation. 
 The term “Beneficially Own” shall have a
corresponding meaning. 
 “Board of Directors” means: (1) with respect to a corporation, the board of directors of the
corporation or a duly authorized committee of the board of directors; (2) with respect to a partnership, the board of directors (or other governing body) of the general partner of the partnership; (3) with respect to a limited liability
company, the 

  
 6 

 
managing member or members or any controlling committee or board of managers of such company or the Board of Directors of the sole member or the managing member thereof; and (4) with respect
to any other Person, the board or committee of such Person serving a similar function. 
 “Business Day” means each day
that is not a Saturday, Sunday or other day on which banking institutions in New York, New York or the city in which the corporate trust office of the Trustee is located are authorized or required by law to close. 

“Capital Lease Obligation” means the obligations of such Person to pay rent or other amounts under any lease of (or other
arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP and, for the purposes of
this Indenture, the amount of such obligations shall be the capitalized amount thereof determined in accordance with 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, in each case. For purposes of Section 4.06, a Capital Lease Obligation shall be deemed secured by a Lien on the Property being leased. 

“Capital Stock” means, with respect to any Person, any shares or other equivalents (however designated) of any class of
corporate stock or partnership interests or any other participation, rights, warrants, options or other interests in the nature of an equity interest in that Person, including Preferred Stock, but excluding any debt security convertible or
exchangeable into that equity interest and the Permitted Mandatory Convertible Hedge Transactions. 
 “Capital Stock Sale
Proceeds” means the aggregate net proceeds (including the Fair Market Value of property other than cash) received by the Issuer from the issuance or sale (other than to a Subsidiary of the Issuer, an employee stock ownership plan or trust
established by the Issuer or the Subsidiary for the benefit of their employees, or Spectrum Brands Holdings, Inc. pursuant to the Auto Care Acquisition Agreement) by the Issuer of its Capital Stock (other than Disqualified Stock) after the 2025
Notes Effective Date (other than the 2019 Common Stock Offering and the 2019 Preferred Stock Offering), net of attorneys’ fees, accountants’ fees, initial purchasers’ or placement agents’ fees, discounts or commissions and
brokerage, consultant and other fees actually incurred in connection with the issuance or sale and net of taxes paid or payable as a result thereof. 

“Cash Equivalents” means any of the following types of Investments, to the extent owned by the Issuer or any Restricted
Subsidiary: 
 (a) securities issued or directly and fully guaranteed or insured by the United States or any agency or instrumentality
thereof (provided that the full faith and credit of the United States is pledged in support thereof) having maturities of not more than 24 months from the date of acquisition, 

  
 7 

 (b) U.S. Dollar denominated time deposits, certificates of deposit or bankers’
acceptances of any Approved Bank, in each case with maturities of not more than 364 days from the date of acquisition, 
 (c) commercial
paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or guaranteed by, any domestic corporation rated A-2 (or the
equivalent thereof) or better by S&P or P-2 (or the equivalent thereof) or better by Moody’s, and maturing within 24 months of the date of acquisition, 

(d) repurchase agreements entered into by any Person with a bank or trust company (including any Approved Bank) or recognized securities
dealer having capital and surplus in excess of $500.0 million for direct obligations issued by or fully guaranteed by the United States in which such Person shall have a perfected first priority security interest (subject to no other Liens) and
having, on the date of purchase thereof, a fair market value of at least one hundred percent (100%) of the amount of the repurchase obligations, 

(e) Investments (classified in accordance with GAAP as current assets) in money market investment programs registered under the Investment
Company Act of 1940 that are administered by financial institutions having capital of at least $500.0 million and the portfolios of which are limited to Investments of the character described in the foregoing subclauses hereof, 

(f) other short-term investments utilized by the Issuer or any Restricted Subsidiary in accordance with normal investment practices for cash
management in investments of a type analogous to the foregoing, 
 (g) U.S. Dollars or foreign currencies held from time to time in the
ordinary course of business, and 
 (h) interests in any investment company or money market fund which invests 95% or more of its assets in
instruments specified in clauses (a) through (g) above. 
 “Change of Control” means the occurrence of any of the
following events: 
 (a) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act
or any successor provisions to either of the foregoing), including any group acting for the purpose of acquiring, holding, voting or disposing of securities within the meaning of Rule 13d-5(b)(1) under the
Exchange Act, becomes the ultimate Beneficial Owner, directly or indirectly, of 50% or more of the total voting power of the Voting Stock of the Issuer; provided, however, that an entity that conducts no other material activities other
than holding Voting Stock of the Issuer or any direct or indirect parent of the Issuer and has no other material assets or liabilities other than such Voting Stock will not itself be considered a “person” for purposes of this clause (a);
or 
 (b) the sale, transfer, assignment, lease, conveyance or other disposition, directly or indirectly, of all or substantially all the
Property of the Issuer and the 

  
 8 

 
Restricted Subsidiaries, considered as a whole (other than a disposition of assets as an entirety or virtually as an entirety to a Wholly Owned Restricted Subsidiary) shall have occurred; or 

(c) the shareholders of the Issuer shall have approved any plan of liquidation or dissolution of the Issuer. 

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

“Commodity Price Protection Agreement” means, in respect of a Person, any forward contract, commodity swap agreement,
commodity option agreement or other similar agreement or arrangement designed to protect that Person against fluctuations in commodity prices. 

“Consolidated Current Liabilities” means, as of any date of determination, the consolidated current liabilities of the Issuer
and its Restricted Subsidiaries that may properly be classified as current liabilities in conformity with GAAP, excluding, without duplication, (a) the current portion of any long-term Debt (including, for the avoidance of doubt, revolving
credit loans under any Credit Facility with a term of more than one year from the closing date thereof) and (b) any amounts thereof which are by their terms extendible or renewable at the option of the obligor thereon to a time more than 12
months after the time as of which the amount thereof is being determined. 
 “Consolidated EBITDA” means, for any period,
Consolidated Net Income for such period, plus 
 (a) without duplication and to the extent deducted (and not added back) in
determining such Consolidated Net Income, the sum of: 
 (i) consolidated interest expense (and, to the extent not reflected
therein, bank and letter of credit fees and costs of surety bonds in connection with financing activities) for such period (including imputed interest expense in respect of Capital Lease Obligations and Synthetic Lease Obligations), 

(ii) consolidated income tax expense for such period, 

(iii) all amounts attributable to depreciation and amortization (including amortization of deferred financing fees) for such
period, 
 (iv) any non-cash extraordinary charges for such period, 

(v) any other non-cash charges (other than the write-down or write-off of current assets, any additions to bad debt reserve or bad debt expense or any accruals for estimated sales discounts, returns or allowances) for such period, 

(vi) any losses for such period attributable to early extinguishment of Debt or obligations under any Swap Agreement, 

  
 9 

 (vii) any net after-tax
extraordinary, unusual or nonrecurring losses, costs, charges or expenses, 
 (viii) restructuring, business optimization
costs, charges or reserves (including any unusual or non-recurring operating expenses directly attributable to the implementation of cost savings initiatives), recruiting fees, fees of restructuring or
business optimization consultants, integration and nonrecurring severance, relocation costs, one-time compensation charges, consolidation, transition, integration or other similar charges and expenses,
contract termination costs, excess pension charges, system establishment charges, start-up or closure or transition costs, expenses related to any reconstruction, decommissioning, recommissioning or
reconfiguration of fixed assets for alternative uses, fees, expenses or charges relating to curtailments or modifications to pension and post-retirement employee benefit plans and litigation settlements or losses outside the ordinary course of
business), 
 (ix) the amount of “run-rate” cost savings (including,
without limitation, cost savings with respect to salary, benefit and other direct savings resulting from workforce reductions and facility, benefit and insurance savings), operating expense reductions, other operating improvements, initiatives and
synergies (including the modification and renegotiation of contracts and other arrangements), that are reasonably identifiable and factually supportable and projected by the Issuer in good faith and set forth in an Officers’ Certificate, to be
reasonably anticipated to be realizable as a result of actions that have been taken or with respect to which substantial steps have been taken or are expected to be taken within 24 months after any such Investment, acquisition (including the
Transactions, the Auto Care Transactions and the Battery Transactions), disposition, merger, consolidation, reorganization or restructuring, transaction, cost savings initiative, other initiative or event, and in each case, added to Consolidated
EBITDA as so projected until fully realized and calculated on a pro forma basis as though such cost savings, operating expense reductions, other operating improvements, initiatives and synergies had been realized on the first day of such period),
net of the amount of actual benefits realized prior to or during such period from such actions, provided that the aggregate amount added back pursuant to this clause (ix) may not exceed, when aggregated with the amount of any increase for such
period to Consolidated EBITDA pursuant to clause (ii) of the definition of “pro forma basis,” 25% for any four fiscal quarter period of Consolidated EBITDA for such period (prior to giving effect to any increase pursuant to such
clause (ii) or this clause (a)( ix)), plus 
 (x) any expense or charges incurred during such period in
connection with any issuance of debt, equity securities or any refinancing transaction, whether or not consummated, and minus 
 (b)
without duplication 

  
 10 

 (i) to the extent not deducted in determining such Consolidated Net Income,
all cash payments made during such period on account of non-cash charges that were or would have been added to Consolidated Net Income, and 

(ii) to the extent included in determining such Consolidated Net Income, (A) any extraordinary gains and all non-cash items of income (other than normal accruals in the ordinary course of business) for such period and (B) any gains for such period attributable to early extinguishment of Debt or obligations under any
Swap Agreement or Hedging Obligation, all determined on a consolidated basis in accordance with GAAP; 
 provided that
Consolidated EBITDA shall be calculated so as to exclude the effect of any gain or loss that represents after-tax gains or losses attributable to any sale, transfer or other disposition of assets by the Issuer
or any Restricted Subsidiary, other than dispositions in the ordinary course of business, 
 provided further that for
the purposes of clause (ii) of the definition of “Permitted Debt” in Section 4.04, Consolidated EBITDA shall be calculated on a pro forma basis with such pro forma adjustments as are appropriate and consistent with the pro
forma provisions set forth in the definition of Consolidated Fixed Charge Coverage Ratio. 
 “Consolidated Fixed
Charges” means, for any period for the Issuer and its consolidated Restricted Subsidiaries, the sum, without duplication, of, 

(a) Consolidated Interest Expense for such period, plus 

(b) Disqualified Stock Dividends paid, accrued or scheduled to be paid or accrued during such period, excluding dividends paid in Qualified
Capital Stock, plus 
 (c) Preferred Stock Dividends paid, accrued or scheduled to be paid or accrued during such period, excluding
dividends paid in Qualified Capital Stock. 
 “Consolidated Fixed Charge Coverage Ratio” means, as of any date of
determination, the ratio of: 
 (a) the aggregate amount of Consolidated EBITDA for the most recent four consecutive fiscal quarters ending
prior to such determination date for which financial statements are required to be filed pursuant to Section 4.03 to 
 (b)
Consolidated Fixed Charges for those four fiscal quarters; provided, however, that: 
 (1) if: 

(A) since the beginning of that period the Issuer or any Restricted Subsidiary has Incurred any Debt that remains outstanding
or Repaid any Debt, or 

  
 11 

 (B) the transaction giving rise to the need to calculate the Consolidated
Fixed Charge Coverage Ratio involves an Incurrence or Repayment of Debt, 
 Consolidated Fixed Charges for that period shall be calculated
after giving effect on a pro forma basis to that Incurrence or Repayment as if the Debt was Incurred or Repaid on the first day of that period, provided that, in the event of any Repayment of Debt, Consolidated EBITDA for that period shall be
calculated as if the Issuer or such Restricted Subsidiary had not earned any interest income actually earned during such period in respect of the funds used to Repay such Debt, and 

(2) if: 

(A) since the beginning of that period the Issuer or any Restricted Subsidiary shall have made any Asset Sale or an Investment
(by merger or otherwise) in any Restricted Subsidiary (or any Person which becomes a Restricted Subsidiary) or an acquisition of Property which constitutes all or substantially all of an operating unit of a business, 

(B) the transaction giving rise to the need to calculate the Consolidated Fixed Charge Coverage Ratio involves an Asset Sale,
Investment or acquisition, or 
 (C) since the beginning of that period any Person (that subsequently became a Restricted
Subsidiary or was merged with or into the Issuer or any Restricted Subsidiary since the beginning of that period) shall have made such an Asset Sale, Investment or acquisition, 

Consolidated EBITDA for that period shall be calculated on a pro forma basis after giving effect to the Asset Sale, Investment or acquisition
as if the Asset Sale, Investment or acquisition occurred on the first day of that period. 
 If any Debt bears a floating rate of interest
and is being given pro forma effect, the interest expense on that Debt shall be calculated as if the base interest rate in effect for the floating rate of interest on the date of determination had been the applicable base interest rate for the
entire period (taking into account any Interest Rate Agreement applicable to that Debt if the applicable Interest Rate Agreement has a remaining term in excess of 12 months). In the event the Capital Stock of any Restricted Subsidiary is sold during
the period, the Issuer shall be deemed, for purposes of clause (1) above, to have Repaid during that period the Debt of that Restricted Subsidiary to the extent the Issuer and its continuing Restricted Subsidiaries are no longer liable for that
Debt after the sale. 
 “Consolidated Interest Expense” means, for any period for the Issuer and its Restricted
Subsidiaries, all interest expense on a consolidated basis determined in accordance with GAAP, but including, in any event, the interest component under Capital Lease Obligations, Synthetic Lease Obligations and any premiums, fees, discounts,
expenses and losses on the sale of accounts receivable (and any amortization thereof) 

  
 12 

 
payable by the Issuer or any Restricted Subsidiary in connection with a Permitted Receivables Financing. 

“Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a) the aggregate amount of all Debt
of the Issuer and its Restricted Subsidiaries, other than Debt of the type described in clauses (d) and (h) of the definition of Debt, (on a pro forma basis reflecting any Incurrence of Debt and repayment of Debt made on such date) to
(b) the aggregate amount of Consolidated EBITDA for the Issuer for the four full fiscal quarters, treated as one period, ending prior to the date of the transaction giving rise to the need to calculate the Consolidated Leverage Ratio for which
financial statements are required to be filed pursuant to Section 4.03. In addition to and without limitation of the foregoing, for purposes of this definition, this ratio shall be calculated in a manner consistent with the definition of the
“Consolidated Fixed Charge Coverage Ratio,” including any pro forma calculations. 
 “Consolidated Net Income”
means, for any period, the net income or loss of the Issuer and the Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded (a) the income of any Person
(other than the Issuer) that is not a Restricted Subsidiary except to the extent of the amount of cash dividends or similar cash distributions actually paid by such Person to the Issuer or, subject to clauses (b) and (c) below, any of the
Restricted Subsidiaries during such period, (b) the income of, and any amounts referred to in clause (a) above paid to, any Restricted Subsidiary (other than a Guarantor) to the extent that, on the date of determination, the declaration or
payment of cash dividends or similar cash distributions by such Restricted Subsidiary is restricted by operation of the terms of its organizational documents or any agreement, instrument, judgment, decree, statute, rule or regulation applicable to
such Restricted Subsidiary, (c) the income or loss of, and any amounts referred to in clause (a) above paid to, any Restricted Subsidiary that is not wholly owned by the Issuer to the extent such income or loss or such amounts are
attributable to the noncontrolling interest in such Restricted Subsidiary, (d) 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, (e) any gain or loss
(less all fees and expenses relating thereto) realized upon sales or other dispositions of assets of the Issuer or such Restricted Subsidiary, other than in the ordinary course of business, (f) any
after-tax effect of income (loss) from the early extinguishment of Debt or Hedging Obligations or other derivative instruments, (g) the cumulative effect of a change in accounting principles, (h) the
effects from applying purchase accounting, including applying purchase accounting to inventory, property and equipment, software and other intangible assets and deferred revenue required or permitted by GAAP and related authoritative pronouncements,
as a result of any other past or future acquisitions or the amortization or write-off of any amounts thereof, (i) any fees and expenses paid in connection with the Transactions, the Auto Care Transactions
and the Battery Transactions and other unusual or non-recurring gains or losses or income or expenses in connection with the Transactions, the Auto Care Transactions and the Battery Transactions, and
(j) any restructuring charges and any fees, expenses and charges related to the Transactions and the Battery Transactions or any 

  
 13 

 
proposed or consummated equity offering, investment, acquisition, disposition, Incurrence of Debt or recapitalization. 

Notwithstanding the foregoing, (i) for purposes of Section 4.05 only, there shall be excluded from Consolidated Net Income any
dividends, repayment of loans or advances or other transfers of assets from Unrestricted Subsidiaries to the Issuer or a Restricted Subsidiary to the extent the dividends, repayments or transfers increase the amount of Restricted Payments permitted
under that covenant pursuant to clause (c)(iv) thereof, and (ii) any net income (loss) of any Person (other than the Issuer) that is not a Restricted Subsidiary shall be excluded in calculating Consolidated Net Income, except that the
Issuer’s equity in the net income of any such Person for any period shall be included without duplication, in such Consolidated Net Income up to the aggregate amount of cash distributed by the Person during such period to the Issuer or a
Restricted Subsidiary as a dividend or distribution. 
 “Consolidated Net Tangible Assets” means the aggregate amount of
assets of the Issuer and its Restricted Subsidiaries after deducting therefrom (i) Consolidated Current Liabilities and (ii) (to the extent otherwise included therein) all goodwill, trade names, trademarks, patents, unamortized debt discount
and expense and other intangible assets, all as set forth on the most recent quarterly or annual (as the case may be) consolidated balance sheet (prior to the relevant date of determination) which is required to be filed pursuant to
Section 4.03 of such Person and its Restricted Subsidiaries in accordance with GAAP. 
 “Consolidated Secured Leverage
Ratio” means, as of any date of determination, the ratio of (a) the aggregate amount of all Debt of the Issuer and its Restricted Subsidiaries secured by Liens at the date of determination, other than secured Debt of the type described
in clauses (d) and (h) of the definition of Debt, (on a pro forma basis reflecting any Incurrence of Debt and repayment of Debt made on such date) to (b) the aggregate amount of Consolidated EBITDA for the Issuer for the four full fiscal
quarters, treated as one period, ending prior to the date of the transaction giving rise to the need to calculate the Consolidated Secured Leverage Ratio for which financial statements are required to be filed pursuant to Section 4.03.
In addition to and without limitation of the foregoing, for purposes of this definition, this ratio shall be calculated in a manner consistent with the definition of the “Consolidated Fixed Charge Coverage Ratio,” including any pro
forma calculations. 
 “Credit Agreement” means the credit agreement entered into on December 17, 2018 by and among
Energizer Gamma Acquisition, Inc. and succeeded to by the Issuer, the lenders and issuing banks from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent, as amended, restated, supplemented,
modified, renewed, refunded, replaced (whether at maturity or thereafter) or refinanced from time to time in one or more agreements (in each case with the same or new agents, lenders or institutional investors), including any agreement adding or
changing the borrower or any guarantor or extending the maturity thereof or otherwise restructuring all or any portion of the Debt thereunder or increasing the amount loaned or issued thereunder or altering the maturity thereof. 

  
 14 

 “Credit Facilities” means, with respect to the Issuer or any Restricted
Subsidiary, (1) the facilities provided in the Credit Agreement and (2) one or more debt or commercial paper facilities (including related Guarantees) with banks, investment banks, insurance companies, mutual funds or other institutional
lenders providing for revolving credit loans, term loans, notes or receivables or inventory financing (including through the sale of receivables or inventory to institutional lenders or to special purpose, bankruptcy remote entities formed to borrow
from institutional lenders against those receivables or inventory); in each case together with any Refinancing thereof on any basis so long as such Refinancing constitutes Debt. 

“Currency Exchange Protection Agreement” means, in respect of a Person, any foreign exchange contract, currency swap
agreement, currency option or other similar agreement or arrangement designed to protect that Person against fluctuations in currency exchange rates. 

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

(a) the principal of and premium (if any) in respect of: 

(1) debt of the Person for money borrowed, and 

(2) debt evidenced by notes, debentures, bonds or other similar instruments for the payment of which the Person is responsible
or liable; 
 (b) all Capital Lease Obligations and Synthetic Lease Obligations of the Person and all Attributable Debt in respect of Sale
and Leaseback Transactions entered into by the Person; 
 (c) all obligations of the Person issued or assumed as the deferred purchase price
of Property, all conditional sale obligations of the Person and all obligations of the Person under any title retention agreement (but excluding trade accounts payable and accrued liabilities arising in the ordinary course of business); 

(d) all obligations of the Person for the reimbursement of any obligor on any letter of credit, banker’s acceptance or similar credit
transaction (other than obligations with respect to letters of credit securing obligations (other than obligations described in clauses (a) through (c) above) entered into in the ordinary course of business of the Person to the extent those
letters of credit are not drawn upon or, if and to the extent drawn upon, the drawing is reimbursed no later than the third Business Day following receipt by the Person of a demand for reimbursement following payment on the letter of credit); 

(e) the amount of all obligations of the Person with respect to the Repayment of any Disqualified Stock or, with respect to any Subsidiary of
the Person, any Preferred Stock (but excluding, in each case, any accrued dividends); 

  
 15 

 (f) all obligations of the type referred to in clauses (a) through (e) of other Persons
and all dividends of other Persons for the payment of which, in either case, the Person is responsible or liable, directly or indirectly, as obligor, guarantor or otherwise, including by means of any Guarantee; 

(g) all obligations of the type referred to in clauses (a) through (f) of other Persons secured by any Lien on any Property of the Person
(whether or not such obligation is assumed by the Person), the amount of such obligation being deemed to be the lesser of the value of that Property or the amount of the obligation so secured; 

(h) to the extent not otherwise included in this definition, Hedging Obligations of such Person (the amount of any such obligations to be
equal at any time to the termination value of such agreement or arrangement giving rise to such obligations that would be payable by such person at such time); and 

(i) the amount of any obligations under a Permitted Receivables Financing to which such Person is a party. 

Notwithstanding the foregoing, Debt shall not include any customary earn-out obligations or other
contingent acquisition consideration until due and payable. The amount of Debt of any Person at any date shall be the outstanding balance at that date of all unconditional obligations as described above and the maximum liability, upon the occurrence
of the contingency giving rise to the obligation, of any contingent obligations at that date. 
 “Default” means any event
which is, or after notice or passage of time or both would be, an Event of Default. 
 “Definitive Note” means a
certificated Note bearing, if required, the restricted securities legend set forth in Section 2.3(c) of Appendix A. 

“Designated Non-Cash Consideration” means the Fair Market Value of non-cash
consideration received by the Issuer or one of its Restricted Subsidiaries in connection with an Asset Sale that is so designated as Designated Non-Cash Consideration pursuant to an Officers’ Certificate,
setting forth the basis of such valuation, less the amount of cash and Cash Equivalents received in connection with a subsequent sale of such Designated Non-Cash Consideration. 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any Sale and Leaseback Transaction and any sale or issuance of Capital Stock in a Restricted Subsidiary but excluding any sale or issuance of Capital Stock in the Issuer) of any Property by any Person, including any sale,
assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith, but excluding, for purposes hereof, (a) Dispositions of obsolete, worn out or no longer useful
property, whether now owned or hereafter acquired, in each case, in the ordinary course of business, (b) Dispositions of inventory, promotional materials and product displays in the ordinary course of business, (c) Dispositions of
equipment to the extent that (i) such property is exchanged for credit 

  
 16 

 
against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property;
(d) Dispositions of defaulted receivables in the ordinary course of business for collection, (e) any Involuntary Disposition and (f) the unwinding of any Hedging Obligation. 

“Disqualified Stock” means, with respect to any Person, any Capital Stock that by its terms (or by the terms of any security
into which it is convertible or for which it is exchangeable, in either case at the option of the holder thereof) or otherwise: 
 (a)
matures or is mandatorily redeemable pursuant to a sinking fund obligation or otherwise, 
 (b) is or may become redeemable or
repurchaseable at the option of the holder thereof, in whole or in part, or 
 (c) is convertible or exchangeable at the option of the
holder thereof for Debt or Disqualified Stock, 
 on or prior to, in the case of clause (a), (b) or (c), the first anniversary of the Stated Maturity of the
Notes. 
 “Disqualified Stock Dividends” means all dividends with respect to Disqualified Stock of the Issuer or any
Restricted Subsidiary held by Persons other than the Issuer or a Wholly Owned Restricted Subsidiary. The amount of any dividend of this kind shall be equal to the quotient of the dividend divided by the difference between one and the maximum
statutory consolidated federal, state and local income tax rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of the Disqualified Stock. 

“Divestiture Action” means any sale, license, divestiture or other transfer of the assets or businesses or products or
product lines by any Person if necessary to obtain any requisite approvals, authorizations, consents, clearances, orders, licenses, permits, qualifications, exemptions or waivers from a governmental authority to permit the consummation of the Auto
Care Acquisition prior to the termination date provided in the Auto Care Acquisition Agreement. 
 “Domestic Restricted
Subsidiary” means, a Restricted Subsidiary that is any direct or indirect Subsidiary of the Issuer that is organized under the laws of the United States, any state of the United States or the District of Columbia. 

“Equity Offering” means (i) an underwritten public equity offering of Qualified Capital Stock of the Issuer pursuant to
an effective registration statement under the Securities Act, or any direct or indirect parent company of the Issuer but only to the extent contributed to the Issuer in the form of Qualified Capital Stock of the Issuer or (ii) a private equity
offering of Qualified Capital Stock of the Issuer, or any direct or indirect parent company of the Issuer but only to the extent contributed to the Issuer in the form of Qualified Capital Stock of the Issuer, other than any public offerings
registered on Form S-8. 

  
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 “EUR 2026 Senior Notes” means the EUR Issuer’s 4.625% Senior Notes due
2026. 
 “EUR 2026 Senior Notes Indenture” means the Indenture dated as of July 6, 2018, as amended and supplemented,
among the EUR Issuer, the guarantors party thereto from time to time, The Bank of New York Mellon Trust Company, N.A., as trustee and registrar, and The Bank of New York Mellon, London Branch, as paying agent, relating to the EUR 2026 Senior Notes.

 “EUR Issuer” means Energizer Gamma Acquisition B.V., a private company with limited liability (besloten vennootschap met
beperkte aansprakelijkheid) incorporated under the laws of The Netherlands. 
 “Exchange Act” means the U.S. Securities
Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations promulgated by the SEC thereunder. 

“Existing Notes” means (i) the USD 2026 Notes, (ii) the EUR 2026 Notes, (iii) the 2027 Notes and (iv) the
2028 Notes. 
 “Existing Notes Indentures” means (i) the USD 2026 Senior Notes Indenture, (ii) the EUR 2026
Senior Notes Indenture, (iii) the 2027 Senior Notes Indenture and (iv) the 2028 Senior Notes Indenture. 
 “Fair Market
Value” means, with respect to any asset or liability, the fair market value of such asset or liability, as determined by an Officer of the Issuer in good faith. 

“Foreign Subsidiary” means any Restricted Subsidiary of the Issuer that is not a Domestic Restricted Subsidiary. 

“GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the Accounting
Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board Accounting Standards Codification or in such other statements by such other entity as have been
approved by a significant segment of the accounting profession, as in effect from time to time; provided that leases will be accounted for using the generally accepted accounting principles in the United States of America in effect for fiscal years
ending on or before December 15, 2018 and any changes in the accounting for leases for fiscal years beginning after December 15, 2018 will be disregarded. For the purposes of this Indenture, the term “consolidated,” with respect
to any Person, shall mean such Person consolidated with its Restricted Subsidiaries, and shall not include any Unrestricted Subsidiary, but the interest of such Person in an Unrestricted Subsidiary will be accounted for as an Investment. If at any
time the SEC permits or requires U.S. domiciled companies subject to the reporting requirements of the Exchange Act to use IFRS in lieu of GAAP for financial reporting purposes, the Issuer may elect by written notice to the Trustee to so use IFRS in
lieu of GAAP and, upon any such notice, references herein to GAAP shall thereafter be construed to mean (a) for periods beginning on and after the date specified in such notice, 

  
 18 

 
IFRS as in effect on the date specified in such notice and as in effect from time to time (for all other purposes of this Indenture) and (b) for prior periods, GAAP as defined in the first
sentence of this definition. 
 “Global Note” means a Note in registered global form without interest coupons. 

“Guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Debt of any
other Person and any obligation, direct or indirect, contingent or otherwise, of that Person: 
 (a) to purchase or pay (or advance or supply
funds for the purchase or payment of) the Debt 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 
 (b) entered into for
the purpose of assuring in any other manner the obligee against loss in respect thereof (in whole or in part); 
 provided, however, that the
term “Guarantee” shall not include: 
 (1) endorsements for collection or deposit in the ordinary course of business, or 

(2) a contractual commitment by one Person to invest in another Person for so long as the Investment is reasonably expected to constitute a
Permitted Investment under clause (a), (b) or (i) of the definition of “Permitted Investment.” 
 The term
“Guarantee” used as a verb has a corresponding meaning. 
 “Guarantor” means the Guarantors listed on the
signature pages hereof, each Restricted Subsidiary that executes a supplemental indenture in the form of Exhibit B to this Indenture providing for the Guarantee of the payment of the Notes, and any successor obligor under any Note Guarantee pursuant
to Article 5, in each case, unless and until such Guarantor is released from its Note Guarantee pursuant to this Indenture. 

“Hedging Obligation” of any Person means any obligation of that Person pursuant to any Interest Rate Agreement, Currency
Exchange Protection Agreement, Commodity Price Protection Agreement, Permitted Mandatory Convertible Hedge Transaction or any other similar agreement or arrangement. 

“Holder” or “Noteholder” means the Person in whose name the Note is registered on the Note register
described in Section 2.04. 
 “Incur” means, with respect to any Debt or other obligation of any Person, to create,
issue, incur (by merger, conversion, exchange or otherwise), extend, assume, Guarantee or become liable in respect of that Debt or other obligation or the recording, as required pursuant to GAAP or otherwise, of any Debt or obligation on the balance
sheet of that Person (and “Incurrence” and “Incurred” shall have meanings correlative to the 

  
 19 

 
foregoing); provided, however, that a change in GAAP that results in an obligation of that Person that exists at such time, and is not theretofore classified as Debt, becoming Debt
shall not be deemed an Incurrence of that Debt; provided further, however, that any Debt or other obligations of a Person existing at the time the Person becomes a Subsidiary (whether by merger, consolidation, acquisition or otherwise)
shall be deemed to be Incurred by that Subsidiary at the time it becomes a Subsidiary; and provided further, however, that solely for purposes of determining compliance with Section 4.04, amortization of debt discount or premium
shall not be deemed to be the Incurrence of Debt, provided that in the case of Debt sold at a discount or at a premium, the amount of the Debt Incurred shall at all times be the aggregate principal amount at Stated Maturity. 

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

“Independent Financial Advisor” means an investment banking firm of national standing or any third party appraiser of
national standing, provided that the firm or appraiser is not an Affiliate of the Issuer. 
 “Interest Rate
Agreement” means, for any Person, any interest rate swap agreement, interest rate option agreement or other similar agreement or arrangement designed to protect against fluctuations in interest rates. 

“Investment” by any Person means any direct or indirect loan (other than advances to customers and suppliers in the ordinary
course of business that are recorded as accounts receivable on the balance sheet of that Person), advance or other extension of credit or capital contribution (by means of transfers of cash or other Property to others or payments for Property or
services for the account or use of others, or otherwise) to, or Incurrence of a Guarantee of any obligation of, or purchase or acquisition of Capital Stock, bonds, notes, debentures or other securities or evidence of Debt issued by, any other
Person, including any partnership or joint venture interest in such other Person and any arrangement pursuant to which the investor undertakes any Support Obligation with respect to Debt or other obligations of such other Person. For purposes of
Section 4.05, Section 4.10 and the definition of “Restricted Payment,” Investment shall include the portion (proportionate to the Issuer’s equity interest in the Subsidiary) of the Fair Market Value of the net assets of any
Subsidiary of the Issuer at the time that the Subsidiary is designated an Unrestricted Subsidiary; provided, however, that upon a redesignation of that Subsidiary as a Restricted Subsidiary, the Issuer shall be deemed to continue to
have a permanent Investment in an Unrestricted Subsidiary of an amount (if positive) equal to: 
 (a) the Issuer’s Investment in that
Subsidiary at the time of such redesignation, less 
 (b) the portion (proportionate to the Issuer’s equity interest in such
Subsidiary) of the Fair Market Value of the net assets of that Subsidiary at the time of such redesignation. 

  
 20 

 In determining the amount of any Investment made by transfer of any Property other than
cash, the Property shall be valued at its Fair Market Value at the time of the Investment. 
 “Investment Grade Rating”
means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P or, in the event S&P or Moody’s shall cease rating the Notes (for reasons
outside the control of the Issuer) the Issuer shall select any other Rating Agency, the equivalent of such ratings by such other Rating Agency. 

“Involuntary Disposition” means the receipt by the Issuer or any Restricted Subsidiary of any cash insurance proceeds or
condemnation awards or expropriation compensation payable by reason of theft, loss, physical destruction or damage, taking or similar event with respect to any of its Property. 

“Issue Date” means September 30, 2020. 

“Issuer” means Energizer Holdings, Inc. until a successor replaces it pursuant to the applicable provisions hereof and,
thereafter, means the successor. 
 “Lien” means, with respect to any Property of any Person, any mortgage or deed of
trust, pledge, hypothecation, assignment, deposit arrangement, security interest, lien, charge, easement (other than any easement not materially impairing usefulness or marketability), encumbrance, preference, priority or other security agreement or
preferential arrangement of any kind or nature whatsoever on or with respect to that Property (including any Capital Lease Obligation, Synthetic Lease Obligation, conditional sale or other title retention agreement having substantially the same
economic effect as any of the foregoing or any Sale and Leaseback Transaction). 
 “Material Disposition” means a
Disposition where the aggregate consideration therefor (including Debt assumed by the transferee in connection therewith, all obligations in respect of deferred purchase price (including obligations under any purchase price adjustment but excluding
earnout or similar payments) and all other consideration payable in connection therewith) exceeds $150.0 million. 

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

“Net Available Cash” from any Asset Sale means cash payments received therefrom (including any cash payments received upon
the sale or other disposition of any Designated Non-Cash Consideration received in any Asset Sale, any cash payments received by way of deferred payment of principal pursuant to a note or installment
receivable or otherwise, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Debt or other obligations relating to the Property that is the subject of that Asset Sale or
received in any other non-cash form), in each case net of: 

  
 21 

 (a) all legal, title and recording tax expenses, commissions and other fees (including,
without limitation, brokers’ or investment bankers’ commissions or fees) and expenses incurred, and all federal, state, provincial, foreign and local taxes required to be accrued as a liability under GAAP, as a consequence of the Asset
Sale, 
 (b) all payments made on any Debt that is secured by any Property subject to the Asset Sale, in accordance with the terms of any
Lien upon or other security agreement of any kind with respect to that Property, or which must by its terms, or in order to obtain a necessary consent to the Asset Sale, or by applicable law, be repaid out of the proceeds from the Asset Sale, 

(c) all distributions and other payments required to be made to noncontrolling interest holders in Subsidiaries or joint ventures as a result
of the Asset Sale, and 
 (d) the deduction of appropriate amounts provided by the seller as a reserve, in accordance with GAAP, against any
liabilities associated with the Property disposed in the Asset Sale and retained by the Issuer or any Restricted Subsidiary after the Asset Sale, 

provided, that, to the extent that any portion of the consideration for an Asset Sale is required by contract to be held in a separate escrow or
deposit account to support indemnification, adjustment of purchase price or similar obligations, such portion of the consideration shall become Net Available Cash only at such time as it is released to the Issuer or a Restricted Subsidiary from the
escrow or deposit account. 
 “Net Cash Proceeds” means with respect to any incurrence or issuance of Debt, the aggregate
principal amount actually received in cash by the Issuer or any Restricted Subsidiary in connection therewith, net of direct costs (including legal, accounting and investment banking fees and expenses, sales brokerage commissions and underwriting
discounts). 
 “Note Guarantee” means the Guarantee of the Notes by a Guarantor pursuant to this Indenture. 

“Noteholder” has the meaning ascribed to it under the definition of Holder. 

“Offering Memorandum” means the final offering memorandum relating to the offering of the Original Notes dated
September 16, 2020. 
 “Officer” means the Chief Executive Officer, the Chief Financial Officer, Vice Chairman, any
President, the Chief Accounting Officer, any Executive Vice President, any Senior Vice President, the Treasurer, the Secretary of the Issuer or any other officer designated by the Issuer’s Board of Directors. 

“Officers’ Certificate” means a certificate signed by two Officers of the Issuer, at least one of whom shall, be the
principal executive officer, principal financial officer or the principal accounting officer of the Issuer, and delivered to the Trustee. 

  
 22 

 “Opinion of Counsel” means a written opinion from legal counsel who is
acceptable to the Trustee. The counsel may be an employee of or counsel to the Issuer. 
 “Permitted Business” means any
business that is reasonably similar, ancillary, complementary or related to, or a reasonable extension, development or expansion of, the businesses in which the Issuer and its Restricted Subsidiaries are engaged in on the Issue Date. 

“Permitted Investment” means any Investment by the Issuer or a Restricted Subsidiary in: 

(a) any Restricted Subsidiary or any Person that will, upon the making of such Investment, become a Restricted Subsidiary, provided that
the primary business of the Restricted Subsidiary is a Permitted Business; 
 (b) any Person if as a result of the Investment that Person is
merged or consolidated with or into, or transfers or conveys all or substantially all its Property to, the Issuer or a Restricted Subsidiary, provided that the Person’s primary business is a Permitted Business; 

(c) cash, Cash Equivalents and Temporary Cash Investments; 

(d) commission, payroll, travel and similar advances to cover matters that are expected at the time of those advances ultimately to be treated
as expenses for accounting purposes and that are made in the ordinary course of business; 
 (e) loans and advances to directors, officers
and employees (i) made in the ordinary course of business (provided that those loans and advances do not exceed $5.0 million at any one time) or (ii) to finance the purchase of Capital Stock of the Issuer, in compliance with
applicable laws (provided that those loans and advances do not exceed $10.0 million at any one time outstanding); 
 (f) stock,
obligations or other securities received in settlement of debts created in the ordinary course of business and owing to the Issuer or a Restricted Subsidiary or in satisfaction of judgments; 

(g) any Person to the extent the Investment represents the non-cash portion of the consideration
received in connection with an Asset Sale consummated in compliance with Section 4.07; 
 (h) Hedging Obligations permitted under
clauses (v), (vi), (vii) or (xv) of the definition of “Permitted Debt” in Section 4.04; 
 (i) customers or suppliers of
the Issuer or any of its Subsidiaries in the form of extensions of credit or transfers of Property, to the extent otherwise constituting an Investment, and in the ordinary course of business and any Investments received in the ordinary course of
business in satisfaction or partial satisfaction thereof; 

  
 23 

 (j) any Person if the Investments (or binding commitments in respect thereof) are
outstanding on the Issue Date and not otherwise described in clauses (a) through (i) above; 
 (k) any securities, derivative
instruments or other Investments of any kind that are acquired and held for the benefit of Issuer employees in the ordinary course of business pursuant to deferred compensation plans or arrangements approved by the Board of Directors;
provided, however, that (i) the amount of such Investment represents funds paid or payable in respect of deferred compensation previously included as an expense in the calculation of Consolidated Net Income (and not excluded
pursuant to clause (f) of the definition of “Consolidated Net Income”), and (ii) the terms of such Investment shall not require any additional Investment by the Issuer or any Restricted Subsidiary; 

(l) any Person (other than an Affiliate) in an aggregate amount not to exceed the greater of (x) $125.0 million or (y) 11.0% of
Consolidated Net Tangible Assets (measured at the time of Investment); 
 (m) any Investment acquired in exchange for shares of Capital
Stock of the Issuer (other than Disqualified Stock); provided that the proceeds of such issuance shall be excluded from the definition of “Capital Stock Sale Proceeds”; 

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

(o) any Investment (i) in exchange for any other Investment or accounts receivable held by the Issuer or any such Restricted Subsidiary
in connection with or as a result of bankruptcy, workout, reorganization or recapitalization of any Restricted Subsidiary of such other Investment or accounts receivable, (ii) in satisfaction of judgments or in compromise, settlement or
resolution of any litigation, arbitration or other dispute, or (iii) as a result of a foreclosure by the Issuer or any of its Restricted Subsidiaries with respect to any secured Investment or other transfer of title with respect to any secured
Investment in default; 
 (p) Guarantees of Debt issued in accordance with Section 4.04; 

(q) Investments made in connection with the funding of contributions under any nonqualified retirement plan or similar employee compensation
plan in an amount not to exceed the amount of compensation expense recognized by the Issuer and its Restricted Subsidiaries in connection with such plans; 

(r) Investments in any person engaged in a Permitted Business in an aggregate amount not to exceed the greater of (x) $150.0 million or
(y) 14.0% of Consolidated Net Tangible Assets (measured at the time of Investment); 

  
 24 

 (s) Investments in joint ventures in an aggregate amount not to exceed the greater of (x)
$125.0 million or (y) 11.0% of Consolidated Net Tangible Assets (measured at the time of Investment); 
 (t) Investments in
Unrestricted Subsidiaries in an aggregate amount not to exceed the greater of (x) $125.0 million or (y) 11.0% of Consolidated Net Tangible Assets (measured at the time of Investment); 

(u) Debt in respect of overdraft facilities, employee credit card programs and other cash management arrangements in the ordinary course of
business; 
 (v) Investments in a Securitization Subsidiary that are necessary or desirable to effect any Permitted Receivables Financing;
and 
 (w) any Investment, if on a pro forma basis after giving effect to such Investment, the Consolidated Leverage Ratio would not be
greater than 3.50 to 1.00. 
 For the avoidance of doubt, any Investment that is a Permitted Investment hereunder may be transferred to the
Issuer or another Restricted Subsidiary, or exchanged for other assets of the Issuer or another Restricted Subsidiary. 
 “Permitted
Liens” means: 
 (a) Liens (including, without limitation and to the extent constituting a Lien, negative pledges) to secure Debt
Incurred under clause (ii) of the definition of “Permitted Debt” in Section 4.04, regardless of whether the Issuer and the Restricted Subsidiaries are actually subject to Section 4.04 at the time the Lien is Incurred; 

(b) Liens for taxes, assessments or governmental charges or levies on the Property of the Issuer or any Restricted Subsidiary and deposits in
respect thereof if the same shall not at the time be delinquent or thereafter can be paid without penalty, or are being contested in good faith and by appropriate proceedings promptly instituted and diligently concluded, provided that any
reserve or other appropriate provision that shall be required in conformity with GAAP shall have been made therefor; 
 (c) Liens imposed by
law, such as carriers’, warehousemen’s, materialmen’s, repairmen’s and mechanics’ Liens and other similar Liens, on the Property of the Issuer or any Restricted Subsidiary arising in the ordinary course of business and
securing payment of obligations that are not more than 60 days past due or are being contested in good faith and by appropriate proceedings; 

(d) Liens on the Property of the Issuer or any Restricted Subsidiary Incurred in the ordinary course of business to secure performance of
obligations with respect to statutory or regulatory requirements, performance or return-of-money bonds, surety bonds or other obligations of a like nature and Incurred
in a manner consistent with industry practice, including banker’s liens and rights of set-off, in each case which are not Incurred in connection with the borrowing of money, the obtaining of advances or
credit or the payment of the deferred purchase price of Property and which do not in the 

  
 25 

 
aggregate impair in any material respect the use of Property in the operation of the business of the Issuer and the Restricted Subsidiaries taken as a whole; 

(e) Liens on Property at the time the Issuer or any Restricted Subsidiary acquired the Property, including Property acquired pursuant to the
Auto Care Acquisition, the Battery Acquisition or any other acquisition by means of a merger or consolidation with or into the Issuer or any Restricted Subsidiary; provided, however, that any Lien of this kind may not extend to any
other Property of the Issuer or any Restricted Subsidiary; provided further, however, that the Liens shall not have been Incurred in anticipation of or in connection with the transaction or series of transactions pursuant to which the
Property was acquired by the Issuer or any Restricted Subsidiary; 
 (f) Liens on the Property of a Person at the time that Person becomes a
Restricted Subsidiary; provided, however, that any Lien of this kind may not extend to any other Property of the Issuer or any other Restricted Subsidiary that is not a direct Subsidiary of that Person (other than after-acquired
property that is (a) affixed or incorporated into the property covered by such Lien, (b) subject to a Lien securing such Debt, the terms of which Debt requires or includes a pledge of after-acquired property and (c) the proceeds and
products thereof); provided further, however, that the Lien was not Incurred in anticipation of or in connection with the transaction or series of transactions pursuant to which the Person became a Restricted Subsidiary; 

(g) pledges or deposits by the Issuer or any Restricted Subsidiary under workers’ compensation laws, unemployment insurance laws or
similar legislation, or good faith deposits in connection with bids, tenders, contracts (other than for the payment of Debt) or leases to which the Issuer or any Restricted Subsidiary is party, or deposits to secure public or statutory obligations
of the Issuer or any Restricted Subsidiary, or deposits for the payment of rent, in each case Incurred in the ordinary course of business; 

(h) Liens (including, without limitation and to the extent constituting Liens, negative pledges), assignments and pledges of rights to receive
premiums, interest or loss payments or otherwise arising in connection with workers’ compensation loss portfolio transfer insurance transactions or any insurance or reinsurance agreements pertaining to losses covered by insurance, and Liens
(including, without limitation and to the extent constituting Liens, negative pledges) in favor of insurers or reinsurers on pledges or deposits by the Issuer or any Restricted Subsidiary under workmen’s compensation laws, unemployment
insurance laws or similar legislation; 
 (i) Liens of landlords on fixtures, equipment and movable property located on leased premises and
utility easements, building restrictions and such other encumbrances or charges against real Property as are of a nature generally existing with respect to properties of a similar character; 

(j) Liens arising out of judgments or awards against the Issuer or a Restricted Subsidiary with respect to which the Issuer or the Restricted
Subsidiary shall then be proceeding with an appeal or other proceeding for review; 

  
 26 

 (k) Liens in favor of issuers of performance, stay, appeal, indemnification, surety or
similar bonds, completion guarantees or letters of credit issued pursuant to the request of and for the account of the Issuer or a Restricted Subsidiary in the ordinary course of its business, provided that these letters of credit do not
constitute Debt; 
 (l) leases or subleases of real property granted by the Issuer or a Restricted Subsidiary to any other Person and not
interfering in any material respect with the business of the Issuer and its Subsidiaries, taken as a whole; 
 (m) Liens (including, without
limitation and to the extent constituting Liens, negative pledges) on intellectual property arising from intellectual property licenses entered into in the ordinary course of business; 

(n) Liens or negative pledges attaching to or related to joint ventures engaged in a Permitted Business, restricting Liens on interests in
those joint ventures; 
 (o) Liens existing on the Issue Date not otherwise described in clauses (a) through (n) above; 

(p) Liens securing Debt Incurred pursuant to clause (xii) of the definition of “Permitted Debt” in Section 4.04 on the
Property purchased with the proceeds of such Debt; 
 (q) Liens on the Property of the Issuer or any Restricted Subsidiary to secure any
Refinancing, in whole or in part, of any Debt secured by Liens referred to in clause (e), (f), (o) or (p) above or (x) below; provided, however, that any Lien of this kind shall be limited to all or part of the same Property
that secured the original Lien (together with improvements and accessions to such Property) and the aggregate principal amount of Debt that is secured by the Lien shall not be increased to an amount greater than the sum of: 

(1) the outstanding principal amount, or, if greater, the committed amount, of the Debt secured by Liens described under clause
(e), (f), (o) or (p) above or (x) below, as the case may be, at the time the original Lien became a Permitted Lien under this Indenture, and 

(2) an amount necessary to pay any fees and expenses, including premiums and defeasance costs, incurred by the Issuer or the
Restricted Subsidiary in connection with the Refinancing; 
 (r) Liens on cash or Temporary Cash Investments held as proceeds of Permitted
Refinancing Debt pending the payment, purchase, defeasance or other retirement of the Debt being Refinanced; 
 (s) Liens not otherwise
permitted by clauses (a) through (r) above securing obligations with an aggregate principal amount not to exceed the greater of $125.0 million or (y) 11.0% of Consolidated Net Tangible Assets (measured at the time of incurrence) at any one
time outstanding; 

  
 27 

 (t) Liens securing Hedging Obligations permitted under clause (v), (vi), (vii) or
(xv) of the definition of “Permitted Debt” in Section 4.04; 
 (u) Liens in favor of customs and revenue authorities
arising as a matter of law to secure payment of customs duties in connection with the importation of goods; 
 (v) Liens on escrowed
proceeds for the benefit of the related holders of debt securities or other Debt (or the underwriters or arrangers thereof) or on cash set aside at the time of the Incurrence of any Debt 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 Debt and are held in an escrow account or similar arrangement to be applied for such purpose; 

(w) Liens on escrow accounts created for the benefit of or to secure, directly or indirectly, the Notes, or the Credit Agreement; 

(x) Liens (including, without limitation and to the extent constituting a Lien, negative pledges) to secure Debt so long as on a pro forma
basis the Consolidated Secured Leverage Ratio does not exceed 3.00 to 1.00; 
 (y) Liens (1) securing Debt Incurred pursuant to clauses
(xi) or (xiv) of the definition of “Permitted Debt” in Section 4.04 or (2) on assets of a Foreign Subsidiary securing Debt of a Foreign Subsidiary; 

(z) Liens arising from Uniform Commercial Code financing statement filings regarding operating leases entered into by the Issuer and its
Restricted Subsidiaries in the ordinary course of business; 
 (aa) any interest or title of a lessor under any Capital Lease Obligation or
operating lease; 
 (bb) Liens (i) of a collection bank arising under Section 4-208 of the
Uniform Commercial Code or any comparable or successor provision on items in the course of collection, (ii) attaching to pooling, commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business and
(iii) in favor of banking or other financial institutions or electronic payment service providers arising as a matter of law encumbering deposits (including the right of set-off) and which are within the
general parameters customary in the banking or finance industry; 
 (cc) Liens solely on any cash earnest money deposits made by Issuer or
any of its Restricted Subsidiaries in connection with any letter of intent or purchase agreement permitted under this Indenture; 
 (dd)
Liens on property or assets used to defease or to irrevocably satisfy and discharge Debt; provided that such defeasance or satisfaction and discharge is not prohibited by this Indenture; 

  
 28 

 (ee) Liens in connection with the sale or transfer of any equity interests or other assets
in a transaction permitted under this Indenture, customary rights and restrictions contained in agreements relating to such sale or transfer pending the completion thereof; 

(ff) Liens on accounts receivable and related assets and proceeds thereof arising in connection with a Permitted Receivables Financing; and

 (gg) Liens arising from Uniform Commercial Code financing statement filings regarding supply chain finance programs or other receivables
sale transactions in the ordinary course of business. 
 “Permitted Mandatory Convertible Hedge Transactions” means any
call option or capped call option (or substantively equivalent derivative transaction) on the Issuer’s common stock (or other securities or property following a merger event, reclassification or other change of the common stock of the Issuer)
purchased by the Issuer in connection with the 2019 Preferred Stock Offering and any call option or capped call option (or substantively equivalent derivative transaction) replacing or refinancing the foregoing. 

“Permitted Receivables Financing” means any receivables financing facility or arrangement pursuant to which a Securitization
Subsidiary purchases or otherwise acquires accounts receivable of the Issuer or any Restricted Subsidiaries and enters into a third party financing thereof on terms that the Board of Directors has concluded are customary and market terms fair to the
Issuer and its Restricted Subsidiaries. 
 “Permitted Refinancing Debt” means any Debt that Refinances any other Debt,
including any successive Refinancings, so long as: 
 (a) the new Debt is in an aggregate principal amount (or if Incurred with original
issue discount, an aggregate issue price) not in excess of the sum of: 
 (1) the aggregate principal amount (or if Incurred
with original issue discount, the aggregate accreted value) then outstanding of the Debt being Refinanced, and 
 (2) an
amount necessary to pay any fees and expenses, including premiums and defeasance costs, related to the Refinancing, 
 (b) the Average Life
of the new Debt is equal to or greater than the Average Life of the Debt being Refinanced, 
 (c) the Stated Maturity of the new Debt is no
earlier than the Stated Maturity of the Debt being Refinanced, and 
 (d) the new Debt shall not be senior in right of payment to the Debt
that is being Refinanced; 

  
 29 

 provided, however, that Permitted Refinancing Debt shall not include: 

(x) Debt of a Subsidiary that is not a Guarantor that Refinances Debt of the Issuer or any Guarantor, or 

(y) Debt of the Issuer or a Restricted Subsidiary that Refinances Debt of an Unrestricted Subsidiary. 

“Person” means any individual, corporation, company (including any limited liability company), association, partnership,
joint venture, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Preferred Stock” means any Capital Stock of a Person, however designated, which entitles the holder thereof to a preference
with respect to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or dissolution of that Person, over shares of any other class of Capital Stock issued by that Person. 

“Preferred Stock Dividends” means all dividends with respect to Preferred Stock of the Issuer or any Restricted Subsidiary
held by Persons other than the Issuer or a Wholly Owned Restricted Subsidiary. The amount of any dividend of this kind shall be equal to the quotient of the dividend divided by the difference between one and the maximum statutory consolidated
federal, state and local income rate (expressed as a decimal number between 1 and 0) then applicable to the issuer of the Preferred Stock. 

“Productive Assets” means assets (other than securities and inventory) that are used or usable by the Issuer and its
Restricted Subsidiaries in Permitted Businesses. 
 “pro forma basis” means, with respect to any computation hereunder
required to be made on a pro forma basis giving effect to any proposed Investment or other acquisition, any Material Disposition, any Restricted Payment or any payment of or in respect of any Debt (collectively, “Pro Forma Events”),
computation thereof after giving pro forma effect to adjustments in connection with such Pro Forma Event that are either (i) in accordance with Regulation S-X under the Securities Act or (ii) made in
good faith by the Issuer and set forth in an Officers’ Certificate, and may include cost savings (including, without limitation, cost savings, workforce reductions and facility, benefit and insurance savings), operating expense reductions,
other operating improvements, initiatives and synergies that are reasonably identifiable and factually supportable and reasonably expected to result within 24 months following the consummation of the relevant Pro Forma Event, provided that the
aggregate amount of any increase in Consolidated EBITDA resulting from adjustments pursuant to this clause (ii) for any four fiscal quarter period of the Issuer, when aggregated with the amount of any addback to Consolidated EBITDA pursuant to
clause (a)(ix) of the definition thereof for such period, shall not exceed 25% of Consolidated EBITDA for such period (prior to giving effect to any increase pursuant to such clause (a)(ix) or this clause (ii)), in each case, using for purposes of
making any such computation, the consolidated financial statements of the 

  
 30 

 
Issuer and the Restricted Subsidiaries (and, to the extent applicable, the historical financial statements of any entities or assets so acquired or to be acquired, or so disposed or to be
disposed), which shall be reformulated as if such Pro Forma Event (and, in the case of any pro forma computations made hereunder to determine whether such Pro Forma Event is permitted to be consummated hereunder, to any other Pro Forma Event
consummated since the first day of the period covered by any component of such pro forma computation and on or prior to the date of such computation), and any Debt or other liabilities incurred in connection with any such Pro Forma Event, had been
consummated and incurred at the beginning of such period. 
 “Pro Forma Event” has the meaning set forth in the definition
of “pro forma basis.” 
 “Property” means, with respect to any Person, any interest of that Person in any
kind of property, plant, equipment or other asset, whether real, personal or mixed, or tangible or intangible, including Capital Stock in, and other securities of, any other Person. For purposes of any calculation required pursuant to this
Indenture, the value of any Property shall be its Fair Market Value. 
 “Purchase Money Debt” means Debt: 

(a) consisting of the deferred purchase price of property, conditional sale obligations, obligations under any title retention agreement, other
purchase money obligations and obligations in respect of industrial revenue bonds, in each case where the maturity of the Debt does not exceed the anticipated useful life of the Property being financed, and 

(b) Incurred to finance the acquisition, construction or lease by the Issuer or a Restricted Subsidiary of the Property, including additions
and improvements thereto; 
 provided, however, that the Debt is Incurred within 365 days after the acquisition, construction or lease of the
Property by the Issuer or Restricted Subsidiary. 
 “Qualified Capital Stock” means any Capital Stock that is not
Disqualified Stock. 
 “Rating Agencies” means Moody’s and S&P, and if S&P or Moody’s or both shall not
make a rating on the Notes publicly available (for reasons outside the control of the Issuer), a statistical rating agency or agencies, as the case may be, nationally recognized in the United States and selected by the Issuer (as certified by a
resolution of the Board of Directors of the Issuer) which shall be substituted for S&P or Moody’s, or both, as the case may be. 

“Refinance” means, in respect of any Debt, to refinance, extend, renew, refund, repay, prepay, repurchase, redeem, defease or
retire, or to issue other Debt, in exchange 

  
 31 

 
or replacement for, that Debt. “Refinanced” and “Refinancing” shall have correlative meanings. 

“Repay” means, in respect of any Debt, to repay, prepay, repurchase, redeem, legally defease or otherwise retire that Debt.
“Repayment” and “Repaid” shall have correlative meanings. For purposes of Section 4.04 and Section 4.07 and the definition of “Consolidated Fixed Charge Coverage Ratio,” Debt shall be considered
to have been Repaid only to the extent the related loan commitment, if any, shall have been permanently reduced in connection therewith. 

“Restricted Payment” means: 

(a) any dividend or distribution (whether made in cash, securities or other Property) declared or paid on or with respect to any shares of
Capital Stock of the Issuer or any Restricted Subsidiary (including any payment in connection with any merger or consolidation with or into the Issuer or any Restricted Subsidiary), except for any dividend or distribution that is made to the Issuer
or the parent of the Restricted Subsidiary or any dividend or distribution payable solely in shares of Capital Stock (other than Disqualified Stock) of the Issuer; 

(b) the purchase, repurchase, redemption, acquisition or retirement for value of any Capital Stock of the Issuer or any Restricted Subsidiary
(other than from the Issuer or a Restricted Subsidiary) or any securities exchangeable for or convertible into Capital Stock of the Issuer or any Restricted Subsidiary, including the exercise of any option to exchange any Capital Stock (other than
for or into Capital Stock of the Issuer that is not Disqualified Stock); 
 (c) the purchase, repurchase, redemption, acquisition or
retirement for value, prior to the date for any scheduled maturity, sinking fund or amortization or other installment payment, of any Subordinated Obligation (other than (i) any Subordinated Obligation Incurred under clause (iii) of the
definition of “Permitted Debt” in Section 4.04 and (ii) the purchase, repurchase or other acquisition of any Subordinated Obligation purchased in anticipation of satisfying a scheduled maturity, sinking fund or amortization or
other installment obligation, in each case under this subclause (ii) due within one year of the date of acquisition); 
 (d) any
Investment (other than Permitted Investments) in any Person; or 
 (e) the issuance, sale or other disposition of Capital Stock of any
Restricted Subsidiary to a Person other than the Issuer or another Restricted Subsidiary if the result thereof is that the Restricted Subsidiary shall cease to be a Restricted Subsidiary, in which event the amount of the “Restricted
Payment” shall be the Fair Market Value of the remaining interest, if any, in the former Restricted Subsidiary held by the Issuer and the other Restricted Subsidiaries. 

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

  
 32 

 “S&P” means S&P Global Ratings, a division of S&P Global Inc.,
or any successor to the rating agency business thereof. 
 “Sale and Leaseback Transaction” means any direct or indirect
arrangement relating to Property now owned or hereafter acquired whereby the Issuer or a Restricted Subsidiary transfers that Property to another Person and the Issuer or a Restricted Subsidiary leases it from that other Person together with any
Refinancings thereof. 
 “SEC” means the U.S. Securities and Exchange Commission. 

“Securities Act” means the U.S. Securities Act of 1933, as amended, or any successor statute, and the rules and regulations
promulgated by the SEC thereunder. 
 “Securitization Subsidiary” means a Subsidiary of the Issuer: 

 

	 	(1)	 that is designated a “Securitization Subsidiary” by the Board of Directors, 

 

	 	(2)	 that does not engage in, and whose charter prohibits it from engaging in, any activities other than Permitted
Receivables Financings and any activity necessary, incidental or related thereto, 

  

	 	(3)	 no portion of the Debt or any other obligation, contingent or otherwise, of which: 

 

	 	(A)	 is Guaranteed by the Issuer or any Restricted Subsidiary of the Issuer, 

 

	 	(B)	 is recourse to or obligates the Issuer or any Restricted Subsidiary of the Issuer in any way, or

  

	 	(C)	 subjects any property or asset of the Issuer or any Restricted Subsidiary of the Issuer, directly or
indirectly, contingently or otherwise, to the satisfaction thereof, 

  

	 	(4)	 with respect to which neither the Issuer nor any Restricted Subsidiary of the Issuer (other than an
Unrestricted Subsidiary) has any obligation to maintain or preserve such its financial condition or cause it to achieve certain levels of operating results, 

other than, in respect of clauses (3) and (4), pursuant to customary representations, warranties, covenants and indemnities entered into
in connection with a Permitted Receivables Financing. 
 “Separation” means the separation of the household products
business from Edgewell Personal Care Company (formerly known as Energizer Holdings, Inc.) by the distribution of all of the Issuer’s issued and outstanding shares of common stock to the shareholders of Edgewell Personal Care Company on
substantially the terms described in “The Separation and Distribution” section of the 2025 Notes Offering Memorandum. 

  
 33 

 “Separation Obligations” means indemnification obligations of the Issuer
and/or its Restricted Subsidiaries in favor of Edgewell Personal Care Company, and/or its subsidiaries in connection with the Separation of the Issuer from Edgewell Personal Care Company, as described under “Certain Relationships and Related
Party Transactions” in the 2025 Notes Offering Memorandum. 
 “Significant Subsidiary” means any Subsidiary that would
be a “Significant Subsidiary” of the Issuer within the meaning of Rule 1-02 under Regulation S-X promulgated by the SEC. 

“Spin-off Interim Ordinary Course Transactions” means any transaction entered into or
consummated by the Issuer and/or its Restricted Subsidiaries, in the ordinary course and consistent with past practice, including any transaction with Edgewell Personal Care Company and its Subsidiaries, prior to the 2025 Notes Effective Date. 

“Spin-off Internal Reorganization” means the internal reorganization undergone on the
terms described in “The Separation and Distribution––Internal Reorganization” in the 2025 Notes Offering Memorandum. 

“Spin-off Transactions” means the Spin-off
Internal Reorganization and the Separation, the issuance of the Issuer’s 5.500% Senior Notes due 2025 and incurrence of borrowings under the Issuer’s credit agreement as in effect on the 2025 Notes Effective Date. 

“Stated Maturity” means, with respect to any security, the date specified in the security as the fixed date on which the
payment of principal of the security is due and payable, and shall not include any contingent obligations to repay, redeem or repurchase any such interest or principal prior to the date originally scheduled for the payment thereof. 

“Subordinated Obligation” means any Debt of the Issuer or the Guarantors (whether outstanding on the Issue Date or thereafter
Incurred) that is subordinate or junior in right of payment to the Notes pursuant to a written agreement to that effect. 

“Subsidiary” means, in respect of any Person, any corporation, company (including any limited liability company),
association, partnership, joint venture or other business entity of which a majority of the total voting power of the Voting Stock is at the time owned or controlled, directly or indirectly, by: 

(a) that Person, 
 (b) that
Person and one or more Subsidiaries of that Person, or 
 (c) one or more Subsidiaries of that Person. 

“Support Obligation” means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing
or having the economic effect of guaranteeing 

  
 34 

 
any Debt or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person,
direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in
respect of such Debt or other obligation of the payment or performance of such Debt or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow
of the primary obligor so as to enable the primary obligor to pay such Debt or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Debt or other obligation of the payment or
performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Debt or other obligation of any other Person, whether or not such Debt or other
obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such Debt to obtain any such Lien). The amount of any Support Obligation shall be deemed to be an amount equal to the stated or determinable amount of the
related primary obligation, or portion thereof, in respect of which such Support Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good
faith. 
 “Swap Agreement” means any agreement with respect to any swap, forward, future or derivative transaction or
option or similar agreement involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or
value or any similar transaction or any combination of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current or former directors, officers, employees or
consultants of the Issuer or any Subsidiary shall be a Swap Agreement. 
 “Synthetic Lease” means, as to any Person, any
lease (including leases that may be terminated by the lessee at any time) of any property (whether real, personal or mixed) (a) that is accounted for as an operating lease under GAAP and (b) in respect of which the lessee retains or
obtains ownership of the property so leased for U.S. federal income tax purposes, other than any such lease under which such Person is the lessor. 

“Synthetic Lease Obligations” means, as to any Person, an amount equal to the sum, without duplication, of (a) the
obligations of such person to pay rent or other amounts under any Synthetic Lease which are attributable to principal and (b) the amount of any purchase price payment under any Synthetic Lease assuming the lessee exercises the option to
purchase the leased property at the end of the lease term. For purposes of Section 4.06, a Synthetic Lease Obligation shall be deemed secured by a Lien on the Property being leased and such Property will be deemed to be owned by the lessee.

 “Temporary Cash Investments” means any of the following: 

(a) securities issued or directly and fully guaranteed or insured by the United States or any agency or instrumentality thereof (provided
that the full faith and credit of 

  
 35 

 
the United States is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition, 

(b) U.S.-dollar denominated time deposits and certificates of deposit of (i) any lender under the Credit Agreement, (ii) any
domestic commercial bank of recognized standing having capital and surplus in excess of $500.0 million or (iii) any bank whose short-term commercial paper rating from S&P is at least A-1 or the
equivalent thereof or from Moody’s is at least P-1 or the equivalent thereof (collectively, an “Approved Bank”), in each case with maturities of not more than 364 days from the date of
acquisition, 
 (c) commercial paper and variable or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any
variable rate notes issued by, or guaranteed by, any domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or P-1 (or the equivalent thereof)
or better by Moody’s and maturing within twelve months of the date of acquisition, 
 (d) repurchase agreements entered into by any
Person with a bank or trust company or recognized securities dealer having capital and surplus in excess of $500.0 million for direct obligations issued by or fully guaranteed by the United States in which such Person shall have a perfected
first priority security interest (subject to no other Liens) and having, on the date of purchase thereof, a Fair Market Value of at least one hundred percent (100%) of the amount of the repurchase obligations, 

(e) Investments (classified in accordance with GAAP as current assets) in money market investment programs registered under the Investment
Company Act of 1940 that are administered by reputable financial institutions having capital of at least $500.0 million and the portfolios of which are limited to Investments of the character described in the foregoing subclauses hereof, and

 (f) other short-term investments utilized by Foreign Subsidiaries in accordance with normal investment practices for cash management in
investments of a type analogous to the foregoing. 
 “TIA” means the Trust Indenture Act of 1939 (15 U.S.C. §§
77aaa-77bbbb) as in effect on the date of this Indenture; provided, however, that, in the event the TIA is amended after such date, “TIA” means, to the extent required by any such amendments, the Trust Indenture Act of 1939
as so amended. 
 “Transactions” means (a) the issuance of the Original Notes, and the application of the net proceeds
thereof as described in the Offering Memorandum and (b) all other transactions related or incidental to, or in connection with, any of the foregoing (including, without limitation, the payment of fees and expenses in connection with each of the
foregoing). 
 “Treasury Rate” means, as obtained by the Issuer, as of any Redemption Date, the yield to maturity as of
such Redemption Date of United States Treasury securities with a constant maturity (as compiled and published in the most recent Selected Interest 

  
 36 

 
Rates (Daily)-H.15 release of the Board of Governors of the Federal Reserve System that has become publicly available at least two Business Days prior to
the Redemption Date (or, in the case of a satisfaction and discharge or defeasance, two Business Days prior to the date on which funds are delivered to the Trustee) (or, if such release is no longer published, any publicly available source of
similar market data)) most nearly equal to the period from such Redemption Date to September 30, 2023; provided, however, that if the period from such Redemption Date to September 30, 2023 is less than one year, the weekly average yield on
actually traded United States Treasury securities adjusted to a constant maturity of one year will be used. 
 “Trust
Officer” means, when used with respect to the Trustee, any officer within the corporate trust department of the Trustee, including any vice president, senior associate, assistant secretary, assistant treasurer, trust officer or any other
officer of the Trustee 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. 

“Trustee” means the party named as such in this Indenture until a successor replaces it and, thereafter, means the successor.

 “Uniform Commercial Code” means the New York Uniform Commercial Code as in effect from time to time. 

“United States” means the United States of America (including the states and the District of Columbia) and its territories,
possessions and other areas subject to its jurisdiction. 
 “Unrestricted Subsidiary” means: 

(a) any Subsidiary of the Issuer that is designated as an Unrestricted Subsidiary as permitted or required pursuant to Section 4.10 and is
not thereafter redesignated as a Restricted Subsidiary as permitted pursuant thereto; and 
 (b) any Subsidiary of an Unrestricted
Subsidiary. 
 “USD 2026 Senior Notes” means the Issuer’s 6.375% Senior Notes due 2026. 

“USD 2026 Senior Notes Indenture” means the Indenture dated as of July 6, 2018, as amended and supplemented, among the
Issuer, the guarantors party thereto from time to time, and The Bank of New York Mellon Trust Company, N.A., as trustee relating to the Issuer’s USD 2026 Senior Notes. 

“U.S. Dollar” or “$” means the lawful currency of the United States. 

“U.S. Dollar Equivalent” means, with respect to any monetary amount in a currency other than U.S. Dollars,
at any time for the determination thereof, the amount of 

  
 37 

 
U.S. Dollars obtained by converting such foreign currency involved in such computation into U.S. Dollars at the spot rate for the purchase of U.S. Dollars with the applicable foreign
currency as published or as quoted by Reuters at approximately 10:00 A.M. (New York time) on the date not more than two Business Days prior to such determination. 

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

“Voting Stock” of any Person means all classes of Capital Stock or other interests (including partnership interests) of that
Person then outstanding and normally entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers or trustees thereof. 

“Wholly Owned” means, with respect to any Person, a Subsidiary all the Voting Stock of which (except directors’
qualifying shares) is at that time owned, directly or indirectly, by such Person and its other Wholly Owned Restricted Subsidiaries. 

Section 1.02. Other Definitions. 
  

			
	 Term
	  	Defined in Section
	“Affiliate Transaction”	  	4.09
	“Agent”	  	2.04
	“Allocable Excess Proceeds”	  	4.07(c)
	“Applicable Law”	  	11.16
	“Change of Control Offer”	  	4.12(a)
	“Change of Control Payment Date”	  	4.12(b)
	“Change of Control Purchase Price”	  	4.12(a)
	“covenant defeasance option”	  	8.01(b)
	“Definitive Note”	  	Appendix A
	“Depositary”	  	Appendix A
	“DTC”	  	2.04
	“Events of Default”	  	6.01
	“Excess Proceeds”	  	4.07(c)
	“Initial Default”	  	6.04
	“legal defeasance option”	  	8.01(b)
	“Notes”	  	Recitals hereto
	“Notes Custodian”	  	Appendix A
	“Notice of Default”	  	6.01
	“Offer Amount”	  	4.07(c)
	“Offer Period”	  	4.07(c)
	“Original Notes”	  	Recitals hereto
	“Paying Agent”	  	2.04
	“Permitted Debt”	  	4.04(b)

  
 38 

			
	 Term
	  	Defined in Section
	“Prepayment Offer”	  	4.07(c)
	“protected purchaser”	  	2.07
	“Redemption Date”	  	3.03
	“Registrar”	  	2.04
	“Reversion Date”	  	4.01(b)
	“Surviving Person”	  	5.01(a)
	“Suspended Covenants”	  	4.01(b)
	“Suspension Period”	  	4.01(b)

 Section 1.03. Trust Indenture Act. This Indenture is not qualified under the TIA, and the
provisions of the TIA (including “mandatory” provisions thereof) shall not apply to or in any way govern the terms of this Indenture or the Notes or any Note Guarantee, except where specifically made applicable in this Indenture. As a
result, no provisions of the TIA (including “mandatory” provisions thereof) are incorporated into this Indenture unless expressly incorporated pursuant to this Indenture. Unless specifically provided in this Indenture, no terms that are
defined under the TIA have such meanings for purposes of this Indenture. 
 Section 1.04. Rules of Construction. Unless
the context otherwise requires: 
 (a) a term has the meaning assigned to it; 

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

(c) “or” is not exclusive; 

(d) “including” means including without limitation; 

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

(f) unsecured Debt shall not be deemed to be subordinate or junior to secured Debt merely by virtue of its nature as unsecured Debt; 

(g) the principal amount of any non-interest bearing or other discount security at any date shall be
the principal amount thereof that would be shown on a balance sheet of the Issuer dated such date prepared in accordance with GAAP; and 

(h) the principal amount of any Preferred Stock shall be the greater of (i) the maximum liquidation value of such Preferred Stock or
(ii) the maximum mandatory redemption or mandatory repurchase price with respect to such Preferred Stock. 

  
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 ARTICLE 2 

THE NOTES 

Section 2.01. Amount of Notes. The aggregate principal amount of Notes which may be authenticated and delivered under this
Indenture is unlimited, subject to compliance with Sections 2.03 and 4.04. All Notes shall be identical in all respects other than issue prices, issuance dates and with respect to interest payable on the first interest payment date after issuance.

 Subject to Section 2.03, the Trustee shall authenticate the Original Notes for original issue on the Issue Date. With respect to any
Notes issued after the Issue Date (except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, Original Notes pursuant to Section 2.07, 2.08, 2.09 or 3.06 or Appendix A), the Issuer may
issue such Notes but only in compliance with Section 2.03. 
 Section 2.02. Form and Dating. Provisions relating to the
Notes are set forth in Appendix A, which is hereby incorporated in and expressly made part of this Indenture. The Notes and the certificate of authentication included therein shall be substantially in the form of Exhibit A which is hereby
incorporated in and expressly made a part of this Indenture. The Notes may have notations, legends or endorsements required by law, stock exchange rule, agreements to which the Issuer or any Guarantor is subject, if any, or usage, provided
that any such notation, legend or endorsement is in a form reasonably acceptable to the Issuer. Each Note shall be dated the date of its authentication. The terms of the Notes set forth in Exhibit A are part of the terms of this Indenture. The
Notes shall be issuable in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 
 Section 2.03. Execution
and Authentication. Two Officers shall sign the Notes for the Issuer by manual or facsimile signature. 
 If an 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. 
 At any
time and from time to time after the execution and delivery of this Indenture, the Issuer may deliver Notes executed by the Issuer to the Trustee for authentication. The Trustee will authenticate and deliver: 

(a) (i) Original Notes for original issue in the aggregate principal amount not to exceed $800.0 million, and (ii) Additional Notes
from time to time for original issue in aggregate principal amounts specified by the Issuer, after the following conditions have been met: 

(A) Receipt by the Trustee of an Officers’ Certificate (which shall include the statement specified in Section 11.04)
specifying 
 (1) the amount of Notes to be authenticated and the date on which the Notes are to be authenticated, 

  
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 (2) in the case of Additional Notes, that the issuance of such Notes does
not contravene Section 4.04, 
 (3) whether the Notes are to be issued as one or more Global Notes or Definitive Notes,
and 
 (4) other information the Issuer may determine to include or the Trustee may reasonably request. 

(B) In the case of Additional Notes that are not fungible with the Original Notes for U.S. federal income tax purposes, such
Additional Notes shall bear a different CUSIP number, and the Trustee shall receive an Opinion of Counsel that conforms with the requirements of Section 11.05 hereof and states that such Additional Notes are the legal, valid and binding
obligations of the Issuer, enforceable against the Issuer in accordance with their terms. 
 A Note shall not be valid until an authorized
signatory of the Trustee (or an Authentication Agent as described below) manually signs the certificate of authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 

The Trustee may appoint an Authentication Agent reasonably acceptable to the Issuer to authenticate any Notes. Any such appointment shall be
evidenced by an instrument signed by a Trust Officer, a copy of which shall be furnished to the Issuer. Unless limited by the terms of such appointment, an Authentication Agent may authenticate Notes whenever the Trustee may do so. Each reference in
this Indenture to authentication by the Trustee includes authentication by such agent. An Authentication Agent has the same rights as any Registrar, Paying Agent or agent for service of notices and demands. 

Section 2.04. Registrar and Paying Agent. The Issuer 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 “Paying Agent”). The Registrar shall keep a register of the Notes and of their
transfer and exchange. The Issuer may have one or more co-registrars and one or more additional paying agents. The term “Registrar” includes any co-registrars.
The term “Paying Agent” includes any additional paying agents. 
 The Issuer initially appoints The Depository Trust Company
(“DTC”) to act as Depositary with respect to the Global Notes. The Issuer has entered into a letter of representations with DTC in the form provided by DTC and the Trustee and each Registrar,
co-registrar, Paying Agent, additional paying agent or custodian (“Agent”) is hereby authorized to act in accordance with such letter and applicable procedures of DTC. Neither the Trustee nor
any Agent shall have responsibility for any actions taken or not taken by the Depositary. 

  
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 In connection with any proposed transfer outside the Book-entry Only System, the Issuer, the
Holder or DTC shall, to the extent required by applicable tax law, provide or cause to be provided to the Trustee all information that is (i) in their possession, (ii) specifically requested by the Trustee in sufficient detail to permit
compliance with such request and (iii) necessary to allow the Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Section 6045 of the Code. The Trustee
may rely on the information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 
 The
Issuer may enter into an appropriate agency agreement with any Registrar, Paying Agent or co-registrar not a party to this Indenture. The agreement shall implement the provisions of this Indenture that relate
to such agent. The Issuer shall notify the Trustee of the name and address of any such agent. If the Issuer 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 7.07. The Issuer or any of its Subsidiaries may act as Paying Agent, Registrar, co-registrar. 

Initially, the Trustee will act as Registrar and Paying Agent with regard to the Notes. 

The Issuer may remove any Registrar or Paying Agent upon written notice to such Registrar or Paying Agent and to the Trustee; provided,
however, that no such removal shall become effective until (i) if applicable, acceptance of an appointment by a successor Registrar or Paying Agent, as the case may be, as evidenced by an appropriate agreement entered into by the Issuer and
such successor Registrar or Paying Agent, as the case may be, and delivered to the Trustee or (ii) 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 Issuer and the Trustee; provided, however, that the Trustee may resign as Paying Agent or Registrar only if the Trustee also resigns as Trustee in
accordance with Section 7.08. 
 Section 2.05. Paying Agent to Hold Money in Trust. Prior to 10:00 a.m., New York City
time, on any due date of the principal and interest on any Note, the Issuer shall deposit with the Paying Agent a sum sufficient to pay such principal and interest when so becoming due. The Paying Agent shall hold in trust for the benefit of
Noteholders or the Trustee all money held by the Paying Agent for the payment of principal of or interest on the Notes and shall notify the Trustee in writing of any default by the Issuer in making any such payment. If the Issuer or a Subsidiary
thereof acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it in trust for the benefit of Persons entitled thereto. The Issuer at any time may require a Paying Agent to pay all money held by it to the Trustee and
to account for any funds disbursed by the Paying Agent. Upon complying with this Section, the Paying Agent shall have no further liability for the money delivered to the Trustee. 

Section 2.06. Noteholder Lists. The Registrar shall preserve in as current a form as is reasonably practicable the most recent
list available to it of the names and addresses 

  
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of Noteholders. If the Trustee is not the Registrar, the Issuer 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 Noteholders. 

Section 2.07. Replacement Notes. If a mutilated Note is surrendered to the Registrar or if the Holder of a Note claims that such
Note has been lost, destroyed or wrongfully taken, the Issuer 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 Issuer and the Trustee within a reasonable time after such Holder has notice of such loss, destruction or wrongful taking and the Registrar does not register a transfer prior to receiving such
notification, (b) makes such request to the Issuer 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 Issuer, Trustee and/or the Authentication Agent, as applicable. If required by the Trustee or the Issuer, such Holder shall furnish an indemnity
bond sufficient in the judgment of the Issuer and the Trustee (and the Paying Agent, Registrar and Authentication Agent, if not the Trustee) to protect the Issuer, the Trustee, the Paying Agent, the Registrar, any
co-registrar and the Authentication Agent, as applicable, from any loss or liability which any of them may suffer if a Note is replaced. The Issuer and the Trustee may charge the Holder for their expenses in
replacing a Note (including without limitation, attorneys’ fees and disbursements in replacing such Note). In the event any such mutilated, lost, destroyed or wrongfully taken Note has become or is about to become due and payable, the Issuer in
its discretion may pay such Note instead of issuing a new Note in replacement thereof. 
 Every replacement Note is an additional obligation
of the Issuer. 
 The provisions of this Section 2.07 are exclusive and shall preclude (to the extent lawful) all other rights and
remedies of the Holders with respect to the replacement or payment of mutilated, lost, destroyed or wrongfully taken Notes. 

Section 2.08. Outstanding Notes. Notes outstanding at any time are all Notes authenticated by the Trustee, except for those
canceled by it, those delivered to it for cancellation and those described in this Section as not outstanding. Subject to Section 11.06, a Note does not cease to be outstanding because the Issuer or an Affiliate of the Issuer holds the Note.

 If a Note is replaced pursuant to Section 2.07, it ceases to be outstanding unless the Trustee and the Issuer receive proof
satisfactory to them that the replaced Note is held by a protected purchaser. 
 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 and interest payable on that date with respect to the Notes (or portions thereof) to be 

  
 43 

 
redeemed or maturing, as the case may be, then on and after that date, such Notes (or portions thereof) cease to be outstanding and interest on them ceases to accrue. 

Section 2.09. Temporary Notes. Until definitive Notes are ready for delivery, the Issuer may prepare and the Trustee shall
authenticate temporary Notes. Temporary Notes shall be substantially in the form of Definitive Notes but may have variations that the Issuer considers appropriate for temporary Notes. Without unreasonable delay, the Issuer shall prepare and the
Trustee shall authenticate Definitive Notes and deliver them in exchange for temporary Notes. 
 Section 2.10. Cancellation. The
Issuer 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, redemption or payment and such Notes shall
promptly be cancelled by the Trustee. The Trustee and no one else shall cancel and dispose of all Notes surrendered for registration of transfer, exchange, payment or cancellation in its customary manner. The Trustee, upon request of the Issuer,
shall deliver a certificate of cancellation to the Issuer. The Issuer may not issue new Notes to replace Notes it has redeemed, paid or delivered to the Trustee for cancellation, except pursuant to the terms of this Indenture. 

Section 2.11. Defaulted Interest. If the Issuer defaults in a payment of interest on the Notes, the Issuer shall pay the defaulted
interest (plus interest on such defaulted interest to the extent lawful) in any lawful manner. The Issuer may pay the defaulted interest to the Persons who are Noteholders on a subsequent special record date. The Issuer shall fix or cause to be
fixed any such special record date and payment date to the reasonable satisfaction of the Trustee and shall promptly deliver to each affected Noteholder a notice that states the special record date, the payment date and the amount of defaulted
interest to be paid. 
 Section 2.12. CUSIP, ISIN or Common Code Numbers. The Issuer in issuing the Notes may use
“CUSIP,” “ISIN” or “Common Code” numbers (if then generally in use) and, if so, the Trustee shall use “CUSIP,” “ISIN” or “Common Code” numbers in notices of redemption as a convenience to
Holders; provided, however, that neither the Issuer nor the Trustee shall have any responsibility for any defect in the “CUSIP,” “ISIN” or “Common Code” number that appears on any Note, check, advice of
payment or redemption notice, and 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 shall promptly notify the Trustee in writing of any change in such numbers. 

ARTICLE 3 

REDEMPTION 

Section 3.01. Notices to Trustee. If the Issuer elects to redeem Notes pursuant to paragraph 5 of the Notes, it shall notify the
Trustee in writing of the Redemption Date, 

  
 44 

 
the principal amount of Notes to be redeemed and that such redemption is being made pursuant to paragraph 5 of the Notes. 

The Issuer shall give each notice to the Trustee provided for in this Section at least 35 days before the Redemption Date unless the Trustee
consents to a shorter period. Such notice shall be accompanied by an Officers’ Certificate and an Opinion of Counsel from the Issuer to the effect that such redemption will comply with the conditions herein. 

Section 3.02. Selection of Notes to be Redeemed. If fewer than all of the Notes are to be redeemed, the Trustee shall select the
Notes to be redeemed by lot; provided that if the Notes are in global form, interests in such Global Notes will be selected for redemption by the applicable Depositary in accordance with its standard procedures therefor. The Trustee shall
make the selection from outstanding Notes not previously called for redemption. The Trustee may select for redemption portions of the principal of Notes that have denominations larger than $2,000. Notes and portions of them the Trustee selects shall
be in amounts of $2,000 or a whole multiple of $1,000 in excess thereof. Provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. The Trustee shall notify the Issuer in writing
promptly of the Notes or portions of Notes to be redeemed. 
 Section 3.03. Notice of Redemption. At least 30 days but not more
than 60 days before a date for redemption of Notes pursuant to paragraph 5 of the Notes (such date, a “Redemption Date”), the Issuer shall mail, or cause to be mailed, a notice of redemption by first-class mail, or in the case of
Notes held in book-entry form, by electronic transmission, to each Holder of Notes to be redeemed. 
 The notice shall identify the Notes to
be redeemed (including any CUSIP, Common Code or ISIN numbers) and shall state: 
 (a) the Redemption Date; 

(b) the redemption price or the information specified in clause (c) of paragraph 5 of the Notes; 

(c) the name and address of the applicable Paying Agent; 

(d) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(e) if fewer than all the outstanding Notes are to be redeemed, the identification and principal amounts of the particular Notes to be
redeemed; 
 (f) that, unless the Issuer defaults in making such redemption payment, interest on Notes (or portion thereof) called for
redemption ceases to accrue on and after the Redemption Date; 
 (g) if the notice is conditioned upon one or more conditions precedent, a
description of such conditions, and a statement that, in the Issuer’s discretion, the 

  
 45 

 
Redemption Date may be delayed until such time as any or all such conditions shall be satisfied (or waived by the Issuer in its sole discretion), or such redemption may not occur and such notice
may be rescinded in the event that any or all such conditions shall not have been satisfied (or waived) by the Redemption Date, or by the Redemption Date so delayed; and 

(h) that no representation is made as to the correctness or accuracy of the CUSIP, ISIN or Common Code number, if any, listed in such notice
or printed on the Notes. 
 At the Issuer’s written request, the Trustee shall give the notice of redemption in the Issuer’s name
and at the Issuer’s expense. In such event, any such request shall be received in writing by the Trustee at least five Business Days prior to the date on which such notice is to be given unless the Trustee consents to a shorter period. Any such
notice may be canceled if written notice from the Issuer of such cancellation is actually received by the Trustee on the Business Day immediately prior to notice of such redemption being mailed to any Noteholder or otherwise delivered in accordance
with the applicable procedures of the Depositary and shall thereby be void and of no effect. 
 If the Issuer elects to provide, in lieu of
the redemption price, the information specified in clause (c) of paragraph 5 of the Notes in the notice of redemption, the Trustee shall give the notice of the redemption price, in the Issuer’s name and at the Issuer’s expense, one
Business Day prior to the Redemption Date. 
 Section 3.04. Effect of Notice of Redemption. Subject to satisfaction of any
conditions precedent specified in such notice, once notice of redemption is mailed or otherwise delivered, Notes called for redemption become due and payable on the Redemption Date and at the redemption price stated in the notice. Upon surrender to
the applicable Paying Agent, such Notes shall be paid at the redemption price stated in the notice, plus accrued and unpaid interest to, but excluding, the Redemption Date (subject to the right of Holders of record on the relevant record date to
receive interest due on the related interest payment date). Failure to give notice or any defect in the notice to any Holder shall not affect the validity of the notice to any other Holder. 

Section 3.05. Deposit of Redemption Price. On or prior to 10:00 a.m. New York City time on the Redemption Date, the Issuer shall
deposit with the applicable Paying Agent (or, if the Issuer or a Subsidiary thereof is the Paying Agent, shall segregate and hold in trust) money in U.S. Dollars sufficient to pay the redemption price of and accrued and unpaid interest (subject to
the right of Holders of record on the relevant record date to receive interest due on the related interest payment date) on all Notes to be redeemed on that date other than Notes or portions of Notes called for redemption that have been delivered by
the Issuer to the Trustee for cancellation. On and after the Redemption Date, interest shall cease to accrue on Notes or portions thereof called for redemption so long as the Issuer has deposited with the Paying Agent funds sufficient to pay the
principal of, plus accrued and unpaid interest on, the Notes or portions thereof to be redeemed. 

  
 46 

 Section 3.06. Notes Redeemed in Part. Upon surrender of a Note that is redeemed
in part, the Issuer shall execute and the Trustee shall authenticate for the Holder (at the Issuer’s expense) a new Note equal in principal amount to the unredeemed portion of the Note surrendered. 

Section 3.07. Optional Redemption. 

(a) The Notes shall be optionally redeemable as set forth in paragraph 5 of the Notes. Any such redemption shall be made in accordance with
the provisions of this Article 3. 
 (b) Any redemption or notice of redemption issued pursuant to paragraph 5 of the Notes may, in the
Issuer’s discretion, be subject to one or more conditions precedent. 
 ARTICLE 4 

COVENANTS 

Section 4.01. Covenant Suspension. During any period of time that: 

(a) the Notes have Investment Grade Ratings from both Rating Agencies, and 

(b) no Default or Event of Default has occurred and is continuing under this Indenture, 

the Issuer and the Restricted Subsidiaries will not be subject to the following Sections of this Indenture: Section 4.04, Section 4.05,
Section 4.07, Section 4.08, Section 4.09, clause (x) of the fourth paragraph of Section 4.10 and clause (e) of Section 5.01 (collectively, the “Suspended Covenants”). In the event that the Issuer
and the Restricted Subsidiaries are not subject to the Suspended Covenants for any period of time as a result of the preceding sentence and, subsequently, one or both of the Rating Agencies withdraws its ratings or downgrades the ratings assigned to
the Notes below the required Investment Grade Ratings or a Default or Event of Default occurs and is continuing (the date of such ratings withdrawal or downgrade or the occurrence of such Default or Event of Default, the “Reversion
Date”), then the Issuer and the Restricted Subsidiaries will thereafter again be subject to the Suspended Covenants for all periods after that withdrawal, downgrade, Default or Event of Default and, furthermore, compliance with the
provisions of Section 4.05 with respect to Restricted Payments made after the time of the withdrawal, downgrade, Default or Event of Default will be calculated in accordance with the terms of that covenant as though that covenant had been in
effect during the entire period of time from the Issue Date, provided that there will not be deemed to have occurred a Default or Event of Default with respect to that covenant during the time (the “Suspension Period”) that
the Issuer and the Restricted Subsidiaries were not subject to the Suspended Covenants (or after that time based solely on events that occurred during that time). Accordingly, Restricted Payments made during the Suspension Period will reduce the
amount available to be made as Restricted 

  
 47 

 
Payments under the first paragraph of Section 4.05. The Issuer will promptly give the Trustee written notice of any such suspension of covenants and in any event not later than five Business
Days after such suspension has occurred. In the absence of such notice, the Trustee shall assume that the Suspended Covenants are in full force and effect. 

Solely for the purpose of determining the amount of Permitted Liens under Section 4.06 during any Suspension Period and without limiting
the Issuer’s or any Restricted Subsidiary’s ability to Incur Debt during any Suspension Period, to the extent that calculations in Section 4.06 refer to Section 4.04, such calculations shall be made as though Section 4.04
remains in effect during the Suspension Period. On the Reversion Date, all Debt Incurred during the Suspension Period will be classified to have been Incurred pursuant to Section 4.04(a) or one of the clauses set forth in the definition of
“Permitted Debt” in Section 4.04 (to the extent such Debt would be permitted to be Incurred thereunder as of the Reversion Date and after giving effect to Debt Incurred prior to the Suspension Period and outstanding on the Reversion
Date). To the extent such Debt would not be permitted to be Incurred pursuant to Section 4.04(a) or one of the clauses set forth in the definition of “Permitted Debt” in Section 4.04, such Debt will be deemed to have been
outstanding on the Issue Date, so that it is classified as permitted under clause (x) of the definition of “Permitted Debt” in Section 4.04. For purposes of determining compliance with the covenant described in Section 4.07
on the Reversion Date, the Net Available Cash from all Asset Sales not applied in accordance with the covenant will be deemed to be reset to zero. No Subsidiaries may be designated as Unrestricted Subsidiaries during any Suspension Period. The
Issuer will give the Trustee written notice of any occurrence of a Reversion Date not later than five Business Days after such Reversion Date. After any such notice of the occurrence of a Reversion Date, the Trustee shall assume that the Suspended
Covenants apply and are in full force and effect. 
 Section 4.02. Payment of Notes. The Issuer shall promptly pay the principal
of and interest on the Notes on the dates and in the manner provided in the Notes and in this Indenture. Principal and interest shall be considered paid on the date due if on such date the Trustee or the applicable Paying Agent holds in accordance
with this Indenture money sufficient to pay all principal and interest then due. 
 The Issuer 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 rate borne by the Notes to the extent lawful. 

Section 4.03. Reports. Whether or not required by the rules and regulations of the SEC, so long as any Notes are outstanding, the
Issuer will furnish to the Holders of Notes or cause the Trustee to furnish to the Holders of Notes, within the time periods specified in the SEC’s rules and regulations for non-accelerated filers: 

(a) all quarterly and annual reports that would be required to be filed with the SEC on Forms 10-Q and 10-K if the Issuer were required to file such reports; and 

  
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 (b) all current reports that would be required to be filed with the SEC on Form 8-K if the Issuer were required to file such reports; 
 provided that the electronic filing of the foregoing
reports by the Issuer on the SEC’s EDGAR system (or any successor system) shall be deemed to satisfy the Issuer’s delivery obligations to the Trustee and any Holder of Notes. 

All such reports will be prepared in all material respects in accordance with all of the rules and regulations applicable to such reports.
Each annual report on Form 10-K will include a report on the Issuer’s consolidated financial statements by the Issuer’s certified independent accountants. In addition, the Issuer will file a copy of
each of the reports referred to in clauses (a) and (b) above with the SEC for public availability within the time periods specified in the rules and regulations applicable to such reports (unless the SEC will not accept such a filing) and will
post the reports on its website within those time periods. 
 If, at any time, the Issuer is no longer subject to the periodic reporting
requirements of the Exchange Act for any reason, the Issuer will nevertheless continue filing the reports specified in the preceding paragraphs of this covenant with the SEC within the time periods specified above unless the SEC will not accept such
a filing. The Issuer will not take any action reasonably expected to cause the SEC not to accept any such filings. If, notwithstanding the foregoing, the SEC will not accept the Issuer’s filings for any reason, the Issuer will post the reports
referred to in the preceding paragraphs on its website within the time periods that would apply if the Issuer were required to file those reports with the SEC. 

If, at any time, the Issuer does not have a class of equity listed on a national securities exchange, the Issuer will schedule a conference
call to be held reasonably promptly, but not more than ten Business Days following the release of each report containing the financial information referred to in clause (a) above to discuss the information contained in such report. The Issuer
will take reasonable steps to notify Holders of Notes about such call and provide them and prospective investors in the Notes with instructions to obtain access to such conference call concurrently with and in the same manner as each delivery of
financial statements pursuant to clause (a) above. 
 In addition, the Issuer agrees that, if at any time it is not required to file
with the SEC the reports required by the preceding paragraphs, it will furnish to the Holders of Notes and to securities analysts and prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4)
under the Securities Act for so long as the Notes are subject to resale restrictions under Rule 144 under the Securities Act. 
 To the
extent any information is not provided within the time periods specified in this Section 4.03 and such information is subsequently provided, the Issuer 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. 

  
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 Section 4.04. Limitation on Debt. The Issuer shall not, and shall not permit any
Restricted Subsidiary to, Incur, directly or indirectly, any Debt unless, after giving effect to the application of the proceeds thereof, either: 

(a) the Debt is Debt of the Issuer or a Restricted Subsidiary and after giving effect to the Incurrence of the Debt and the application of the
proceeds thereof on a pro forma basis, the Consolidated Fixed Charge Coverage Ratio would be at least 2.00 to 1.00; provided that the aggregate principal amount of Debt permitted to be Incurred pursuant to this clause (a) by Restricted
Subsidiaries that are not the Guarantors may not, together with Debt incurred under clause (b)(xxii) below in respect thereof, exceed $100.0 million, or 

(b) the Debt is Permitted Debt. 

“Permitted Debt” means: 

(i) Debt of the Issuer evidenced by the Notes (but not any Additional Notes) issued on the Issue Date, and in each case,
guarantees (including any Additional Notes) thereof by the Issuer or any Guarantor; 
 (ii) Debt of the Issuer or a
Restricted Subsidiary Incurred under the Credit Facilities up to an aggregate principal amount not to exceed (1) the sum of (A) $1,600.0 million, and (B) the greater of (x) $600.0 million and (y) 100% of the Issuer’s
aggregate amount of Consolidated EBITDA for the most recent four consecutive fiscal quarters, which amount shall be permanently reduced by the amount of Net Available Cash from an Asset Sale used to Repay Debt Incurred pursuant to this clause (ii),
pursuant to Section 4.07, minus (2) the aggregate amount outstanding at such time under Permitted Receivables Financings incurred pursuant to clause (xxii); 

(iii) Debt of the Issuer owing to and held by any Restricted Subsidiary and Debt of a Restricted Subsidiary owing to and held
by the Issuer or any Restricted Subsidiary; provided, however, that (1) any subsequent issue or transfer of Capital Stock or other event that results in any Restricted Subsidiary ceasing to be a Restricted Subsidiary or any
subsequent transfer of that Debt (except to the Issuer or a Restricted Subsidiary) shall be deemed, in each case, to constitute the Incurrence of that Debt by the issuer thereof, and (2) if the Guarantor is the obligor on that Debt and the Debt
is owed to a Restricted Subsidiary that is not the Guarantor, the Debt is expressly subordinated to the prior payment in full in cash of all obligations with respect to the Notes or the applicable Note Guarantee; 

(iv) Debt of a Restricted Subsidiary outstanding on the date on which that Restricted Subsidiary was acquired by the Issuer or
otherwise became a Restricted Subsidiary or Debt Incurred as consideration in, or to provide all or any portion of the funds or credit support utilized to consummate, a transaction or series of transactions pursuant to which the Restricted
Subsidiary became a Restricted Subsidiary of the Issuer or was otherwise acquired by the Issuer; 

  
 50 

 
provided that at the time that Person was acquired by the Issuer or otherwise became a Restricted Subsidiary and after giving effect to the Incurrence of that Debt, (i) the Issuer
would have been able to Incur $1.00 of additional Debt pursuant to clause (a) of this Section 4.04 or (ii) the Consolidated Fixed Charge Coverage Ratio is at least equal to such ratio immediately prior to such transaction; 

(v) Debt under Interest Rate Agreements entered into by the Issuer or a Restricted Subsidiary for the purpose of limiting
interest rate risk in the financial management of the Issuer or that Restricted Subsidiary and not for speculative purposes, provided that the obligations under those agreements are related to payment obligations on Debt otherwise permitted
by the terms of this Section 4.04; 
 (vi) Debt under Currency Exchange Protection Agreements entered into by the Issuer
or a Restricted Subsidiary for the purpose of limiting currency exchange rate risks in the financial management of the Issuer or that Restricted Subsidiary and not for speculative purposes; 

(vii) Debt under Commodity Price Protection Agreements entered into by the Issuer or a Restricted Subsidiary in the financial
management of the Issuer or that Restricted Subsidiary and not for speculative purposes; 
 (viii) Debt in connection with
one or more standby letters of credit or performance or surety bonds or completion guarantees issued by the Issuer or a Restricted Subsidiary in the ordinary course of business or pursuant to self-insurance obligations and not in connection with the
borrowing of money or the obtaining of advances or credit; 
 (ix) Debt arising from agreements of the Issuer or a Restricted
Subsidiary providing for indemnification, adjustment of purchase price or similar obligations, in each case, Incurred in connection with the disposition of any business, assets or Capital Stock of a Subsidiary, other than Guarantees of Debt Incurred
by any Person acquiring all or any portion of such business, assets or Capital Stock; provided, however, that the maximum aggregate liability in respect of all such Debt shall at no time exceed the gross proceeds actually received by
the Issuer or such Restricted Subsidiary in connection with such disposition; 
 (x) Debt of the Issuer and its Restricted
Subsidiaries outstanding on the Issue Date, in each case not otherwise described in clauses (i) through (ix) above and clauses (xv), (xvi), (xvii), (xviii) and (xix) below; 

(xi) Debt of the Issuer or a Restricted Subsidiary in an aggregate principal amount outstanding at any one time not to exceed
the greater of (x) $175.0 million or (y) 16.0% of Consolidated Net Tangible Assets (measured at the time of incurrence); 

  
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 (xii) Debt of the Issuer or a Restricted Subsidiary Incurred in respect of
Capital Lease Obligations, Synthetic Lease Obligations and Purchase Money Debt, a Sale and Leaseback Transaction, provided that the principal amount of any Debt Incurred pursuant to this clause outstanding at any one time may not exceed the
greater of (x) $175.0 million or (y) 16.0% of Consolidated Net Tangible Assets (measured at the time of incurrence); 

(xiii) Debt of the Issuer or any Guarantor consisting of Guarantees of Debt of the Issuer or any Restricted Subsidiary Incurred
under any other clause of this Section 4.04; 
 (xiv) Debt of Foreign Subsidiaries in an aggregate principal amount
outstanding at any one time not to exceed the greater of (x) $100.0 million or (y) 9.0% of Consolidated Net Tangible Assets (measured at the time of incurrence); 

(xv) Debt under Hedging Obligations that are Incurred in the ordinary course of business or under Permitted Mandatory
Convertible Hedge Transactions (and, in each case, not for speculative purposes); 
 (xvi) Debt Incurred by the Issuer or any
of its Restricted Subsidiaries in respect of workers’ compensation claims, health, disability or other employee benefits or property or casualty or liability insurance, self-insurance obligations, performance, bid surety, appeal and similar
bonds and completion or performance of guarantees (not for borrowed money) provided in the ordinary course of business, and any letters of credit functioning as or supporting any of the foregoing; 

(xvii) (a) Debt arising from 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 Debt is extinguished, refinanced or otherwise covered within five Business Days of Incurrence or (b) Debt owed on a short-term basis
of no longer than 30 days to banks or financial institutions Incurred in the ordinary course of business that arises in connection with ordinary banking arrangements to manage cash balances of the Issuer and its Subsidiaries; 

(xviii) shares of Preferred Stock of a Restricted Subsidiary issued to the Issuer or another Restricted Subsidiary; provided
that any subsequent issuance or transfer of any Capital Stock or any other event that results in any such Restricted Subsidiary ceasing to be a Restricted Subsidiary or any other subsequent transfer of any such shares of Preferred Stock (except
to the Issuer or another of its Restricted Subsidiaries) shall be deemed in each case to be an issuance of such shares of Preferred Stock not permitted by this clause (xviii); 

(xix) Debt to the extent that the net proceeds thereof are promptly deposited to defease or to satisfy and discharge the Notes
in each case in accordance with the requirements of this Indenture; 

  
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 (xx) Permitted Refinancing Debt Incurred in respect of Debt Incurred
pursuant to clause (a) of this Section 4.04 and clauses (i), (iv) and (x) above or this clause (xx); 
 (xxi)
the Separation Obligations; 
 (xxii) Debt under any Permitted Receivables Financing outstanding on or Incurred after the
Issue Date; and 
 (xxiii) Debt incurred in connection with the assumption of any (a) Assumed Liabilities (as defined in
the Battery Acquisition Agreement) and (b) Assumed Liabilities (as defined in the Auto Care Acquisition Agreement). 
 For purposes of
determining compliance with any restriction on the Incurrence of Debt in U.S. Dollars where Debt is denominated in a different currency, the amount of such Debt will be the U.S. Dollar Equivalent determined on the date of such determination.
The principal amount of any Permitted Refinancing Debt Incurred in the same currency as the Debt being Refinanced will be the U.S. Dollar Equivalent of the Debt Refinanced determined on the date such Debt being Refinanced was initially
Incurred. Notwithstanding any other provision of this Section 4.04, for purposes of determining compliance with this Section 4.04, increases in Debt solely due to fluctuations in the exchange rate of currencies will not be deemed to exceed
the maximum amount that the Issuer or any Restricted Subsidiary may Incur under any of clauses (i) through (xxii) of this Section 4.04. 

For purposes of determining compliance with this Section 4.04: 

(A) in the event that an item of Debt meets the criteria of more than one of the types of Debt described above, the Issuer, in
its sole discretion, will classify such item of Debt at the time of Incurrence and only be required to include the amount and type of such Debt in one of the above clauses; and 

(B) the Issuer will be entitled to divide and classify and reclassify an item of Debt in more than one of the types of Debt
described above; provided that Debt outstanding under the Credit Agreement on the Issue Date shall at all times be treated as Incurred under clause (ii) of the definition of “Permitted Debt” and may not be reclassified. 

Section 4.05. Limitation on Restricted Payments. The Issuer shall not make, and shall not permit any Restricted Subsidiary to
make, directly or indirectly, any Restricted Payment if at the time of, and after giving effect to, the proposed Restricted Payment, 
 (a)
a Default or Event of Default shall have occurred and be continuing, 
 (b) the Issuer could not Incur at least $1.00 of additional Debt
pursuant to clause (a) of Section 4.04, or 

  
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 (c) the aggregate amount of that Restricted Payment and all other Restricted Payments
declared or made after the 2025 Notes Effective Date (the amount of any Restricted Payment, if made other than in cash, to be based upon Fair Market Value) would exceed an amount equal to the sum of: 

(i) 50% of the aggregate amount of Consolidated Net Income accrued during the period (treated as one accounting period) from
October 1, 2015 to the end of the most recent fiscal quarter ending prior to the date of such Restricted Payment and for which reports are required to be provided under Section 4.03 (or if the aggregate amount of Consolidated Net Income
for such period shall be a deficit, minus 100% of such deficit), plus 
 (ii) Capital Stock Sale Proceeds
received after the 2025 Notes Effective Date, plus 
 (iii) the sum of: 

(A) the aggregate Net Cash Proceeds received by the Issuer or any Restricted Subsidiary from the issuance or sale after the
2025 Notes Effective Date of convertible or exchangeable Debt that has been converted into or exchanged for Capital Stock (other than Disqualified Stock) of the Issuer, and 

(B) the aggregate amount by which Debt of the Issuer or any Restricted Subsidiary is reduced on the Issuer’s consolidated
balance sheet on or after the 2025 Notes Effective Date upon the conversion or exchange of any Debt issued or sold on or prior to the 2025 Notes Effective Date that is convertible or exchangeable for Capital Stock (other than Disqualified Stock) of
the Issuer, 
 excluding, in the case of clause (A) or (B): 

(x) any Debt issued or sold to the Issuer or a Subsidiary of the Issuer or an employee stock ownership plan or trust
established by the Issuer or any Subsidiary for the benefit of their employees, and 
 (y) the aggregate amount of any cash
or other Property distributed by the Issuer or any Restricted Subsidiary upon any such conversion or exchange, plus 
 (iv)
an amount equal to the sum of: 
 (A) the net reduction in Investments in any Person other than the Issuer or a Restricted
Subsidiary resulting from dividends, repayments of loans or advances or other transfers of Property made after the 2025 Notes Effective Date, in each case to the Issuer or any Restricted Subsidiary from that Person, less the cost of the disposition
of those Investments, and 

  
 54 

 (B) the lesser of the net book value or the Fair Market Value of the
Issuer’s equity interest in an Unrestricted Subsidiary at the time the Unrestricted Subsidiary is designated a Restricted Subsidiary (provided that such designation occurs after the 2025 Notes Effective Date); 

provided, however, that the foregoing sum shall not exceed, in the case of any Person, the amount of Investments previously made
(and treated as Restricted Payments) by the Issuer or any Restricted Subsidiary in that Person, and 
 plus 

(v) any cash dividends or cash distributions received directly or indirectly by the Issuer or a Guarantor after the 2025 Notes
Effective Date from an Unrestricted Subsidiary, to the extent such dividends or distributions were not otherwise included in Consolidated Net Income (other than to the extent such distribution represents a return of capital and the Investment in
such Unrestricted Subsidiary was made by the Restricted Subsidiary pursuant to clause (j) of the second paragraph of this covenant or to the extent such Investment constituted a Permitted Investment). 

Notwithstanding the foregoing limitation, the Issuer may: 

(a) declare or pay dividends on its Capital Stock or distributions, or the consummation of any irrevocable redemption, within 60 days after the
date of declaration of the dividend or distribution or giving of the redemption notice, as the case may be, if, on said date of declaration or redemption notice, such dividends, distributions or redemption, as the case may be, could have been paid
in compliance with this Indenture; provided, however, that the dividend, distribution and redemption shall be included in the calculation of the amount of Restricted Payments; 

(b) purchase, repurchase, redeem, legally defease, acquire or retire for value Capital Stock of the Issuer or Subordinated Obligations in
exchange for, or out of the proceeds of the substantially concurrent sale of, Capital Stock of the Issuer (other than Disqualified Stock and other than Capital Stock issued or sold to a Subsidiary of the Issuer or an employee stock ownership plan or
trust established by the Issuer or any Subsidiary for the benefit of their employees); provided, however, that 

(1) the purchase, repurchase, redemption, legal defeasance, acquisition or retirement shall be excluded in the calculation of
the amount of Restricted Payments, and 
 (2) the Capital Stock Sale Proceeds from the exchange or sale shall be excluded
from the calculation pursuant to clause (c)(ii) above; 
 (c) purchase, repurchase, redeem, legally defease, acquire or retire for value any
Subordinated Obligations or Disqualified Stock in exchange for, or out of the proceeds of the substantially concurrent sale of, Permitted Refinancing Debt (in the case of Subordinated Obligations only) or Disqualified Stock; provided,
however, that the 

  
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purchase, repurchase, redemption, legal defeasance, acquisition or retirement shall be excluded in the calculation of the amount of Restricted Payments; 

(d) pay scheduled dividends (not constituting a return on capital) on Disqualified Stock issued pursuant to and in compliance with
Section 4.04 provided, however, that such dividends shall be excluded in the calculation of the amount of Restricted Payments; 

(e) permit a Restricted Subsidiary that is not a Wholly Owned Subsidiary to pay dividends to shareholders of that Restricted Subsidiary that
are not the parent of that Restricted Subsidiary, so long as the Issuer or a Restricted Subsidiary that is the parent of that Restricted Subsidiary receives dividends on a pro rata basis or on a basis that results in the receipt by the Issuer
or a Restricted Subsidiary that is the parent of that Restricted Subsidiary of dividends or distributions of greater value than it would receive on a pro rata basis; 

(f) make cash payments in lieu of fractional shares in connection with the exercise of warrants, options or other securities convertible into
Capital Stock of the Issuer; provided, however, that such payments shall be excluded in the calculation of the amount of Restricted Payments; 

(g) make repurchases of shares of Capital Stock (other than Disqualified Stock) of the Issuer deemed to occur (i) upon the exercise of
options to purchase shares of Capital Stock (other than Disqualified Stock) of the Issuer, warrants, other rights to acquire Capital Stock (other than Disqualified Stock) if such shares of Capital Stock (other than Disqualified Stock) of the Issuer
represent a portion of the exercise price of such options, warrants or other rights and (ii) in connection with the withholding of a portion of the Capital Stock granted or awarded to a director or an employee to pay for the taxes payable by
such director or employee upon such grant or award; provided, however, that such repurchases shall be excluded in the calculation of the amount of Restricted Payments; 

(h) repurchase shares of, or options to purchase shares of, common stock of the Issuer from current or former officers, directors or employees
of the Issuer or any of its Subsidiaries (or permitted transferees of such current or former officers, directors or employees), pursuant to the terms of agreements (including employment agreements) or plans approved by the Board of Directors under
which such individuals acquire shares of such common stock; provided, however, that the aggregate amount of such repurchases shall not exceed $30.0 million in any calendar year (with unused amounts in any calendar year carried
over to succeeding calendar years) and provided further, however, that such repurchases shall be excluded in the calculation of the amount of Restricted Payments; 

(i) purchase, defease or otherwise acquire or retire for value any Subordinated Obligations upon a Change of Control of the Issuer or an Asset
Sale by the Issuer, to the extent required by any agreement pursuant to which such Subordinated Obligations were issued, but only if the Issuer has previously made the offer to purchase Notes required under Section 4.07 or Section 4.12 and
has repurchased all Notes validly tendered and 

  
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now withdrawn in connection with such offer to purchase Notes pursuant to Section 4.07 or Section 4.12; provided, however, that such payments shall be included in the
calculation of the amount of Restricted Payments; 
 (j) make other Restricted Payments not to exceed $150.0 million in the aggregate
(measured at the time of incurrence); provided, however, that such payments shall be excluded in the calculation of the amount of Restricted Payments; 

(k) declare or pay dividends on common stock or preferred stock of the Issuer of up to $125.0 million in any fiscal year of the Issuer so
long as at the time of, and after giving effect to such dividend no Default or Event of Default shall have occurred and be continuing; provided, however, that each such dividend shall be included in the calculation of the amount of
Restricted Payments; 
 (l) make any purchase, repurchase, redemption, defeasance or other acquisition or retirement of Disqualified Stock
of the Issuer or a Restricted Subsidiary made by exchange for or out of the proceeds of, the substantially concurrent sale of Disqualified Stock of the Issuer or such Restricted Subsidiary, as the case may be, so long as such refinancing
Disqualified Stock is permitted to be Incurred pursuant to Section 4.04 and constitutes Refinancing Debt; 
 (m) so long as no Default
or Event of Default has occurred and is continuing or will result therefrom, make other Restricted Payments if, immediately after giving effect to such Restricted Payments (including the Incurrence of any Debt to finance such payment), the
Consolidated Leverage Ratio would not be greater than 3.50 to 1.00; provided, however, that such payments shall be excluded in the calculation of the amount of Restricted Payments; 

(n) make payments in connection with the Transactions prior to or on or about the Issue Date, any payments made in connection with the Auto
Care Transactions prior to or on or about the 2027 Notes Effective Date, any payments made in connection with the Battery Transactions prior to or on or about the 2026 Notes Effective Date, any payments made in connection with the Spin-Off Transactions or on or about the 2025 Notes Effective Date, and any payments made in connection with the Spin-Off Interim Ordinary Course Transactions or the Spin-Off Internal Reorganization prior to the 2025 Notes Effective Date; provided, however, that such payments shall be excluded in the calculation of the amount of Restricted Payment; and 

(o) make payments or distributions to satisfy dissenters’ rights, pursuant to or in connection with a consolidation, merger or transfer
of assets that complies with the provisions of this Indenture applicable to mergers, consolidations and transfers of all or substantially all the property and assets of the Issuer; provided, however, that such payments shall be
excluded in the calculation of the amount of Restricted Payments. 
 Section 4.06. Limitation on Liens. The Issuer shall not,
and shall not permit any Restricted Subsidiary to, directly or indirectly, Incur or suffer to exist, any Lien (other than Permitted Liens) upon any of its Property (including Capital Stock of a Restricted

  
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Subsidiary), whether owned at the Issue Date or thereafter acquired, or any interest therein or any income or profits therefrom unless (a) it has made or will make effective provision
whereby the Notes will be secured by that Lien equally and ratably with (or prior to) all other Debt of the Issuer or any Restricted Subsidiary secured by that Lien or (b) in the case of Liens securing subordinated obligations or a
Guarantor’s subordinated obligations, the Notes and the related Note Guarantees are secured by a Lien on such property, assets or proceeds that is senior to such Liens. 

Any Lien created for the benefit of the Holders of the Notes pursuant to this Section 4.06 shall be automatically and unconditionally
released and discharged upon the release and discharge of each of the Liens described in clauses (a) and (b) above. 

Section 4.07. Limitation on Asset Sales. 

(a) The Issuer shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, consummate any Asset Sale unless: 

(i) the Issuer or the Restricted Subsidiary receives consideration at the time of the Asset Sale at least equal to the Fair
Market Value of the Property subject to such Asset Sale; 
 (ii) at least 75% of the consideration paid to the Issuer or the
Restricted Subsidiary in connection with such Asset Sale is in the form of cash or Cash Equivalents or the assumption by the purchaser of liabilities of the Issuer or any Restricted Subsidiary (other than liabilities that are by their terms
subordinated to the Notes) as a result of which the Issuer and the Restricted Subsidiaries are no longer obligated with respect to such liabilities; and 

(iii) the Issuer delivers an Officers’ Certificate to the Trustee certifying that such Asset Sale complies with the
foregoing clauses (i) and (ii). 
 For the purposes of this Section 4.07: 

(1) securities or other assets received by the Issuer or any Restricted Subsidiary from the transferee that are converted by
the Issuer or such Restricted Subsidiary into cash within 180 days after the closing of such Asset Sale shall be considered to be cash to the extent of the cash received in that conversion; 

(2) any cash consideration paid to the Issuer or the Restricted Subsidiary in connection with the Asset Sale that is held in
escrow or on deposit to support indemnification, adjustment of purchase price or similar obligations in respect of such Asset Sale shall be considered to be cash; 

(3) Productive Assets received by the Issuer or any Restricted Subsidiary in connection with the Asset Sale shall be considered
to be cash; 

  
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 (4) the requirement that at least 75% of the consideration paid to the
Issuer or the Restricted Subsidiary in connection with the Asset Sale be in the form of cash or Cash Equivalents or assumed liabilities shall also be considered satisfied if the cash or Cash Equivalents received constitutes at least 75% of the
consideration received by the Issuer or the Restricted Subsidiary in connection with such Asset Sale, determined on an after-tax basis; and 

(5) any Designated Non-Cash Consideration received by the Issuer or any Restricted
Subsidiary in connection with the Asset Sale having an aggregate Fair Market Value, taken together with all other Designated Non-Cash Consideration received in respect of Asset Sales that is at that time
outstanding not to exceed the greater of (x) $35.0 million or (y) 3.0% of Consolidated Net Tangible Assets shall be considered to be cash. 

(b) The Net Available Cash (or any portion thereof) from Asset Sales may be applied by the Issuer or a Restricted Subsidiary, to the extent
the Issuer or the Restricted Subsidiary elects (or is required by the terms of any Debt): 
 (i) to Repay secured Debt of the
Issuer or a Guarantor (and if the secured Debt being repaid is revolving credit Debt, to correspondingly permanently reduce commitments with respect thereto), or any Debt of a non-Guarantor Restricted
Subsidiary (excluding, in any such case, any Debt that is owed to the Issuer or an Affiliate of the Issuer); 
 (ii) to Repay
other Debt of the Issuer or a Restricted Subsidiary (other than Subordinated Obligations and Debt owed to the Issuer or an Affiliate of the Issuer) so long as the Issuer shall equally and ratably reduce obligations under the Notes (i) on a
pro rata basis pursuant to Section 3.07, (ii) through open-market purchases (to the extent such purchases are at or above 100% of the principal amount thereof) or (iii) by making an offer (in accordance with the procedures set forth
below for a Prepayment 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 

(iii) to reinvest in Additional Assets (including by means of an Investment in Additional Assets by a Restricted Subsidiary
with Net Available Cash received by the Issuer or another Restricted Subsidiary), 
 provided, however, that the Net Available Cash (or any
portion thereof) from Asset Sales from the Issuer to any Subsidiary must be reinvested in Additional Assets of the Issuer. 
 (c) Any Net
Available Cash from an Asset Sale not applied in accordance with the preceding paragraph within 365 days from the date of the receipt of that Net Available Cash or that the Issuer earlier elects to so designate shall constitute “Excess
Proceeds,” provided, however, that a binding commitment to reinvest in Additional 

  
 59 

 
Assets pursuant to clause (b)(iii) of this Section 4.07 shall be treated as a permitted application of the Net Available Cash from the date of such commitment; provided that
(i) such reinvestment is consummated within 180 days of the end of the 365 day period referred to in this sentence, and (ii) if such reinvestment is not consummated within the period set forth in subclause (i) or such binding
commitment is terminated, the Net Available Cash not so applied will be deemed to be Excess Proceeds. 
 When the aggregate amount of Excess
Proceeds not previously subject to a Prepayment Offer (as defined below) exceeds $35.0 million (taking into account income earned on those Excess Proceeds, if any), the Issuer will be required to make an offer to purchase (the
“Prepayment Offer”) the Notes, which offer shall be in the amount of the Allocable Excess Proceeds, on a pro rata basis according to principal amount, at a purchase price equal to 100% of the principal amount thereof, plus
accrued and unpaid interest, if any, to the purchase date (subject to the right of Holders of record on the relevant record date to receive interest due on the relevant interest payment date), in accordance with the procedures (including prorating
in the event of oversubscription) set forth in this Indenture. To the extent that any portion of the amount of Net Available Cash remains after compliance with the preceding sentence and provided that all Holders of Notes have been given the
opportunity to tender their Notes for purchase in accordance with this Indenture, the Issuer or such Restricted Subsidiary may use the remaining amount for any purpose permitted by this Indenture and the amount of Excess Proceeds will be reset to
zero. 
 The term “Allocable Excess Proceeds” will mean the product of: 

(a) the Excess Proceeds, and 

(b) a fraction, 

(1) the numerator of which is the aggregate principal amount of the Notes outstanding on the date of the Prepayment Offer, and

 (2) the denominator of which is the sum of the aggregate principal amount of the Notes outstanding on the date of the
Prepayment Offer and the aggregate principal amount of other Debt of the Issuer outstanding on the date of the Prepayment Offer that is pari passu in right of payment with the Notes and subject to terms and conditions in respect of Asset
Sales similar in all material respects to the covenant described hereunder and requiring the Issuer to make an offer to purchase that Debt at substantially the same time as the Prepayment Offer. 

(c) (1) Not later than five Business Days after the Issuer is obligated to make a Prepayment Offer as described in clause (c) of this
Section 4.07, the Issuer shall send, or cause to be sent, a written notice by first-class mail (or electronic transmission in the case of Notes held in book-entry form) to the Holders of Notes, with a copy to the Trustee, accompanied by
information regarding the Issuer and its Subsidiaries as the Issuer in good faith believes will enable the Holders to make an informed decision with 

  
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respect to that Prepayment Offer. The notice shall state, among other things, the purchase price and the purchase date, which shall be, subject to any contrary requirements of applicable law, a
Business Day no earlier than 30 days and no later than 60 days from the date the notice is delivered. 
 (2) Not later than
the date upon which written notice of a Prepayment Offer is delivered to the Trustee as provided above, the Issuer shall deliver to the Trustee an Officers’ Certificate as to (i) the amount of the Prepayment Offer (the “Offer
Amount”), (ii) the allocation of the Net Available Cash from the Asset Sales pursuant to which such Prepayment Offer is being made and (iii) the compliance of such allocation with the provisions of clause (c) of this
Section 4.07. On or before the purchase date, the Issuer shall also irrevocably deposit with the Trustee or with the Paying Agent (or, if the Issuer or a Subsidiary is the Paying Agent, shall segregate and hold in trust) in Temporary Cash
Investments (other than those enumerated in clause (b) of the definition of “Temporary Cash Investments”), maturing on the last day prior to the purchase date or on the purchase date if funds are immediately available by open of
business, an amount equal to the Offer Amount to be held for payment in accordance with the provisions of this Section. Upon the expiration of the period for which the Prepayment Offer remains open (the “Offer Period”), the Issuer
shall deliver to the Trustee for cancellation the Notes or portions thereof that have been properly tendered to and are to be accepted by the Issuer. The Trustee or the Paying Agent shall, on the purchase date, mail or, in the case of Global Notes,
deliver payment to each tendering Holder in the amount of its pro rata share of the Offer Amount. In the event that the aggregate purchase price of the Notes delivered by the Issuer to the Trustee is less than the Offer Amount, the Trustee or
the Paying Agent shall deliver the excess to the Issuer immediately after the expiration of the Offer Period for application in accordance with this Section. 

(3) Holders electing to have a Note purchased shall be required to surrender the Note, with an appropriate form duly completed,
to the Issuer or its agent at the address specified in the notice at least three Business Days prior to the purchase date. Holders shall be entitled to withdraw their election if the Trustee or the Issuer receives not later than one Business Day
prior to the purchase date, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note that was delivered for purchase by the Holder and a statement that such Holder is withdrawing its election to have
such Note purchased. If at the expiration of the Offer Period the aggregate principal amount of Notes surrendered by Holders exceeds the Offer Amount, the Notes shall be purchased on a pro rata basis (with such adjustments as may be necessary
so that only Notes in denominations of $2,000, or integral multiples of $1,000 thereafter, shall be purchased), provided that if the Notes are in global form, interests in such Global Notes will be selected for repurchase by the applicable
Depositary in accordance with its standard procedures. Holders whose Notes are purchased only in part shall be issued new Notes equal in principal amount to the unpurchased portion of the Notes surrendered. 

  
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 (4) At the time the Issuer delivers Notes to the Trustee that are to be
accepted for purchase, the Issuer shall also deliver an Officers’ Certificate stating that such Notes are to be accepted by the Issuer pursuant to and in accordance with the terms of this Section. A Note shall be deemed to have been accepted
for purchase at the time the Trustee or the applicable Paying Agent mails or, in the case of Global Notes, delivers payment therefor to the surrendering Holder. 

(d) The Issuer will comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities
laws or regulations in connection with the repurchase of Notes pursuant to this Section. To the extent that the provisions of any securities laws or regulations conflict with provisions of this Section, the Issuer will comply with the applicable
securities laws and regulations and will not be deemed to have breached its obligations under this Section 4.07 by virtue thereof. 

Section 4.08. Limitation on Restrictions on Distributions from Restricted Subsidiaries. The Issuer shall not, and shall not permit
any Restricted Subsidiary to, directly or indirectly, create or otherwise cause or suffer to exist any consensual restriction on the right of any Restricted Subsidiary to: 

(a) pay dividends, in cash or otherwise, or make any other distributions on or in respect of its Capital Stock, or pay any Debt or other
obligation owed, to the Issuer or any other Restricted Subsidiary (it being understood that the priority of any Preferred Stock in receiving dividend or liquidating distributions prior to the dividends or liquidating distributions being paid on
common stock shall not be deemed a restriction on the ability to make distributions on Capital Stock), 
 (b) make any loans or advances to
the Issuer or any other Restricted Subsidiary (it being understood that the subordination of loans or advances made to the Issuer or any Restricted Subsidiary to other Debt Incurred by the Issuer or any Restricted Subsidiary shall not be deemed a
restriction on the ability to make loans or advances), or 
 (c) sell, lease or transfer any of its Property to the Issuer or any other
Restricted Subsidiary (it being understood that such transfers shall not include any type of transfer described in clause (a) or (b) above). 

The foregoing limitations will not apply to restrictions: 

(i) (a) in effect on the Issue Date, including, but not limited to the Credit Agreement and the Existing Notes Indentures; 

(ii) relating to Debt of a Restricted Subsidiary existing at the time it became a Restricted Subsidiary if such restriction was
not created in connection with or in anticipation of the transaction or series of transactions pursuant to which that Restricted Subsidiary became a Restricted Subsidiary or was acquired by the Issuer; 

(iii) that result from any amendment, restatement, modification, renewal, supplement, extension, replacement or Refinancing of
Debt Incurred 

  
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pursuant to an agreement referred to in clause (i) or (ii) above, in clause (vi), (vii) or (x) below or this clause (iii), provided that the restriction contained in such
amendment, restatement, modification, renewal, supplement, extension, replacement or Refinancing is not materially more restrictive (as determined in good faith by the Issuer’s Board of Directors), taken as a whole, than the restrictions of the
same type contained in the agreements or instruments referred to in clauses (i), (ii), (vi), (vii) or (x) or this clause (iii), as applicable; 

(iv) resulting from the Incurrence of any Permitted Debt as defined in Section 4.04, provided that the restriction
is no less favorable to the Holders of Notes in any material respect (as determined in good faith by the Issuer’s Board of Directors) than the restrictions of the same type contained in this Indenture; 

(v) existing by reason of applicable law, rule, regulation or order; 

(vi) with respect to clause (c) above only, relating to Debt that is permitted to be Incurred and secured without also
securing the Notes pursuant to Section 4.04 and Section 4.06 that limit the right of the debtor to dispose of the Property securing that Debt; 

(vii) encumbering Property at the time the Property was acquired by the Issuer or any Restricted Subsidiary, so long as the
restriction relates solely to the Property so acquired and was not created in connection with or in anticipation of the acquisition; 

(viii) resulting from customary provisions restricting subletting or assignment of leases or customary provisions in other
agreements (including, without limitation, intellectual property licenses entered into in the ordinary course of business) that restrict assignment of the agreements or rights thereunder; 

(ix) which are customary restrictions contained in asset sale agreements limiting the transfer of Property pending the closing
of the sale; 
 (x) existing pursuant to any Debt Incurred by a Foreign Subsidiary, which restrictions are customary for a
financing of such type, and which are otherwise permitted under this Indenture, provided, however, that the Issuer’s Board of Directors determines in good faith that such restrictions are not reasonably likely to impair the Issuer’s
ability to make principal and interest payments on the Notes; or 
 (xi) existing by reason of this Indenture, the Notes, and
the Note Guarantees; 
 (xii) with respect to the disposition or distribution of assets or property in joint venture
agreements and other similar agreements entered into in the ordinary course of business; 

  
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 (xiii) on cash or other deposits or net worth imposed by customers under
contracts entered into in the ordinary course of business; 
 (xiv) in the case of the provision described in clause
(c) of the first paragraph of this covenant: arising or agreed to in the ordinary course of business, not relating to any Debt, and that do not, individually or in the aggregate, detract from the value of property or assets of the Issuer or any
Restricted Subsidiary thereof in any manner material to the Issuer or any Restricted Subsidiary thereof; 
 (xv) contained in
Hedging Obligations; and 
 (xvi) constituting customary restrictions with respect to a Securitization Subsidiary, pursuant
to the terms of a Permitted Receivables Financing. 
 Section 4.09. Limitation on Transactions with Affiliates. The Issuer shall
not, and shall not permit any Restricted Subsidiary to, directly or indirectly, conduct any business or enter into or suffer to exist any transaction or series of transactions (including the purchase, sale, transfer, assignment, lease, conveyance or
exchange of any Property or the rendering of any service) with, or for the benefit of, any Affiliate of the Issuer (an “Affiliate Transaction”) involving payments in excess of $5.0 million, unless: 

(a) the terms of such Affiliate Transaction are no less favorable to the Issuer or that Restricted Subsidiary, as the case may be, taken as a
whole, than those that could be obtained in a comparable arm’s-length transaction with a Person that is not an Affiliate of the Issuer, and 

(b) if the Affiliate Transaction involves aggregate payments or value in excess of $25.0 million, the Board of Directors (including a
majority of the disinterested members of the Board of Directors) approves the Affiliate Transaction and, in its good faith judgment, believes that the Affiliate Transaction complies with clause (a) of this paragraph as evidenced by a resolution
of the Board of Directors promptly delivered to the Trustee. 
 Notwithstanding the foregoing limitation, the Issuer or any Restricted
Subsidiary may enter into or suffer to exist the following: 
 (a) any transaction or series of transactions between the Issuer and one or
more Restricted Subsidiaries or between two or more Restricted Subsidiaries; 
 (b) any Restricted Payment permitted to be made pursuant to
Section 4.05 or any Permitted Investment; 
 (c) any reasonable or customary employment, consulting, service, severance, termination
agreement, employee benefit plan, compensation arrangement, indemnification arrangement, or any similar arrangement entered into by the Issuer or a Restricted Subsidiary with a current or former director, officer or employee of the Issuer or a
Restricted Subsidiary and payments related thereto; or any issuance of securities, or other payments, awards or grants in cash, securities or otherwise pursuant to, or the 

  
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funding of, employment agreements and other compensation arrangements, options to purchase Capital Stock of the Issuer, restricted stock plans, restricted stock unit plans, long-term incentive
plans, stock appreciation rights plans, participation plans or similar employee benefits plans and/or indemnity provided on behalf of directors, officers and employees of the Issuer or a Restricted Subsidiary approved by the Board of Directors of
the Issuer; 
 (d) (i) reimbursement of employee travel and lodging costs and other business expenses incurred in the ordinary course of
business and (ii) loans and advances to employees made in the ordinary course of business in compliance with applicable laws and consistent with the past practices of the Issuer or that Restricted Subsidiary, as the case may be; 

(e) any issuance of shares of Capital Stock (other than Disqualified Stock) of the Issuer; 

(f) any agreement as in effect on the Issue Date or any amendment, modification, supplement, extension or renewal thereto (so long as such
amendment, modification, supplement, extension or renewal is not materially adverse to the interests of the Holders of the Notes) or any transaction contemplated thereby; 

(g) any agreement between any Person and an Affiliate of such Person existing at the time such Person is acquired by or merged or consolidated
with or into the Issuer or a Restricted Subsidiary, as such agreement may be amended, modified, supplemented, extended or renewed from time to time; provided that such agreement was not entered into in contemplation of such acquisition,
merger or consolidation, and so long as any such amendment, modification, supplement, extension or renewal, when taken as a whole, is not materially more disadvantageous to the Holders, in the reasonable determination of two Officers of the Issuer
(as evidenced by an Officers’ Certificate), than the applicable agreement as in effect on the date of such acquisition, merger or consolidation; 

(h) transactions with customers, clients, suppliers, joint venture partners or purchasers or sellers of goods or services, in each case in the
ordinary course of the business of the Issuer and its Restricted Subsidiaries and otherwise in compliance with the terms of this Indenture; provided that in the reasonable determination of two Officers of the Issuer (as evidenced by an
Officers’ Certificate), such transactions are on terms that are not materially less favorable, when taken as a whole, to the Issuer or the relevant Restricted Subsidiary than those that would have been obtained in a comparable transaction by
the Issuer or such Restricted Subsidiary with an unrelated Person; 
 (i) transactions in which the Issuer or any Restricted Subsidiary
delivers to the Trustee a letter or opinion from an Independent Financial Advisor stating that such transaction is fair to the Issuer or such Restricted Subsidiary from a financial point of view or stating that the terms are not materially less
favorable, when taken as a whole, than those that might reasonably have been obtained by the Issuer or such Restricted 

  
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Subsidiary in a comparable transaction at such time on an arms-length basis from a Person that is not an Affiliate; 

(j) the Transactions, the Auto Care Transactions and the Battery Transactions and the payment of all fees and expenses related to the
Transactions, the Auto Care Transactions and the Battery Transactions; 
 (k) any service, purchase, lease, supply or similar agreement
entered into in the ordinary course of business (including, without limitation, pursuant to any joint venture agreement) between the Issuer or any Restricted Subsidiary and any Affiliate (other than an Unrestricted Subsidiary) that is a customer,
client, supplier, purchaser or seller of goods or services, so long as the Issuer determines in good faith that any such agreement is on terms not materially less favorable to the Issuer or such Restricted Subsidiary than those that could be
obtained in a comparable arms’-length transaction with an entity that is not an Affiliate; 
 (l) pledges of equity interests of
Unrestricted Subsidiaries to secure Debt of such Unrestricted Subsidiaries; and 
 (m) transactions entered into as part of a Permitted
Receivables Financing on customary terms (as determined by the Issuer’s Board of Directors). 
 Section 4.10. Designation of
Restricted and Unrestricted Subsidiaries. The Board of Directors of the Issuer may designate any Subsidiary of the Issuer to be an Unrestricted Subsidiary if: 

(a) the Subsidiary to be so designated does not own any Capital Stock or Debt of, or own or hold any Lien on any Property of, the Issuer or any
other Restricted Subsidiary, 
 (b) immediately before and after such designation, no Event of Default shall have occurred and be
continuing, and 
 (c) any of the following: 

(i) the Subsidiary to be so designated has total assets of $1,000 or less, or 

(ii) if the Subsidiary has consolidated assets greater than $1,000, then the designation would be permitted under
Section 4.05. 
 Unless so designated as an Unrestricted Subsidiary, any Person that becomes a Subsidiary of the Issuer will be
classified as a Restricted Subsidiary; provided, however, that the Subsidiary shall not be designated a Restricted Subsidiary and shall be automatically classified as an Unrestricted Subsidiary if the Person is a Subsidiary of an
Unrestricted Subsidiary. 

  
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 Except as provided in the first sentence of the preceding paragraph, no Restricted
Subsidiary may be redesignated as an Unrestricted Subsidiary. In addition, neither the Issuer nor any Restricted Subsidiary shall at any time be directly or indirectly liable for any Debt that provides that the holder thereof may (with the passage
of time or notice or both) declare a default thereon or cause the payment thereof to be accelerated or payable prior to its Stated Maturity upon the occurrence of a default with respect to any Debt, Lien or other obligation of any Unrestricted
Subsidiary in existence and classified as an Unrestricted Subsidiary at the time the Issuer or the Restricted Subsidiary is liable for that Debt (including any right to take enforcement action against that Unrestricted Subsidiary). 

The Board of Directors of the Issuer may designate any Unrestricted Subsidiary to be a Restricted Subsidiary if, immediately after giving
effect on a pro forma basis to the designation, 
 (x) the Issuer could Incur at least $1.00 of additional Debt pursuant to
clause (a) of Section 4.04, and 
 (y) no Default or Event of Default shall have occurred and be continuing or
would result therefrom. 
 Any designation or redesignation of this kind by the Board of Directors of the Issuer will be evidenced to the
Trustee by filing with the Trustee a resolution of the Board of Directors of the Issuer giving effect to the designation or redesignation and an Officers’ Certificate that: 

(a) certifies that the designation or redesignation complies with the foregoing provisions, and 

(b) gives the effective date of the designation or redesignation, and the filing with the Trustee to occur no later than the time period for
which reports are required to be provided under Section 4.03 for the fiscal quarter of the Issuer in which the designation or redesignation is made. 

Section 4.11. Limitation on Sale and Leaseback Transactions. The Issuer shall not, and shall not permit any Restricted Subsidiary
to, enter into any Sale and Leaseback Transaction with respect to any Property unless: 
 (a) the Issuer or that Restricted Subsidiary would
be entitled to: 
 (i) Incur Debt in an amount equal to the Attributable Debt with respect to that Sale and Leaseback
Transaction pursuant to Section 4.04, and 
 (ii) create a Lien on the Property securing that Attributable Debt without
also securing the Notes pursuant to Section 4.06, and 

  
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 (b) the Sale and Leaseback Transaction is effected in compliance with Section 4.07
after treating all the consideration received in such Sale and Leaseback Transaction as Net Available Cash of such covenant. 

Section 4.12. Change of Control. 

(a) Upon the occurrence of a Change of Control, each Holder of Notes shall have the right to require the Issuer to repurchase all or any part
of that Holder’s Notes pursuant to the offer described below (the “Change of Control Offer”) at a purchase price (the “Change of Control Purchase Price”) equal to 101% of the principal amount thereof
plus accrued and unpaid interest, if any, to, but excluding, the purchase date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date). 

(b) Within 30 days following any Change of Control, the Issuer shall send or cause to be sent by first-class mail (or electronic transmission
in the case of Notes held in book-entry form), with a copy to the Trustee, to each Holder of Notes, at such Holder’s address appearing in the Note register, a notice stating: (A) that a Change of Control has occurred and a Change of
Control Offer is being made pursuant to this Section 4.12 and that all Notes timely tendered will be accepted for repurchase; (B) the Change of Control Purchase Price and the purchase date, which shall be, subject to any contrary
requirements of applicable law, a Business Day no earlier than 30 days nor later than 60 days from the date such notice is delivered (the “Change of Control Payment Date”); and (C) the procedures that Holders of Notes must
follow in order to tender their Notes (or portions thereof) for payment and the procedures that Holders of Notes must follow in order to withdraw an election to tender Notes (or portions thereof) for payment. 

(c) Holders electing to have a Note purchased shall be required to surrender the Note, with an appropriate form duly completed and attached to
the Note, or transfer by book-entry transfer, to the Issuer or its agent at the address specified in the notice at least three Business Days prior to the Change of Control Payment Date. Holders shall be entitled to withdraw their election if the
Trustee or the Issuer receives not later than one Business Day prior to the Change of Control Payment Date, a facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note that was delivered for purchase by
the Holder and a statement that such Holder is withdrawing its election to have such Note purchased. 
 (d) On or prior to the Change of
Control Payment Date, the Issuer shall irrevocably deposit with either the Trustee or with the Paying Agent (or, if the Issuer or any of its Subsidiaries is acting as the Paying Agent, segregate and hold in trust) in cash an amount equal to the
Change of Control Purchase Price payable to the Holders entitled thereto, to be held for payment in accordance with the provisions of this Section. On the Change of Control Payment Date, the Issuer shall deliver to the Trustee the Notes or portions
thereof that have been properly tendered to and are to be accepted by the Issuer for payment. The Trustee or the Paying Agent shall, on the Change of Control Payment Date, mail or, in the case of Global Notes, deliver payment to each tendering
Holder of the Change of Control Purchase Price. In the event that the aggregate Change of Control 

  
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Purchase Price is less than the amount delivered by the Issuer to the Trustee or the Paying Agent, the Trustee or the Paying Agent, as the case may be, shall deliver the excess to the Issuer
immediately after the Change of Control Payment Date. 
 (e) The Issuer will not be required to make a Change of Control Offer following a
Change of Control if (i) 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 Issuer and
purchases all Notes validly tendered and not withdrawn under such Change of Control Offer or (ii) notice of redemption has been given pursuant to this Indenture to redeem all of the Notes pursuant to Section 3.07, unless and until there is
a default in payment of the applicable redemption price. Notwithstanding anything to the contrary contained herein, a Change of Control Offer may be made in advance of a Change of Control, conditioned upon the consummation of such Change of Control,
if a definitive agreement is in place for the Change of Control at the time the Change of Control Offer is made. 
 (f) The Issuer will
comply, to the extent applicable, with the requirements of Section 14(e) of the Exchange Act and any other securities laws or regulations 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 Section, the Issuer will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this
Section 4.12 by virtue thereof. 
 (g) The Issuer shall have the right to redeem the Notes at 101% of the principal amount thereof,
plus accrued and unpaid interest, if any, following the consummation of a Change of Control if at least 90% of the Notes outstanding prior to such consummation are repurchased pursuant to a Change of Control Offer with respect to such Change of
Control. 
 Section 4.13. Further Instruments and Acts. Upon the reasonable written request of the Trustee, the Issuer shall
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 4.14. Additional Note Guarantees. If any Domestic Restricted Subsidiary of the Issuer Guarantees or becomes an obligor
under the Credit Agreement after the Issue Date, such Restricted Subsidiary shall (i) within 30 days execute and deliver a supplemental indenture to this Indenture providing for a Note Guarantee by such Restricted Subsidiary in the form of
Exhibit B hereto and (ii) such Restricted Subsidiary shall deliver to the Trustee an Opinion of Counsel stating that (a) such Note Guarantee has been duly executed and authorized; and (b) such Note Guarantee constitutes a valid,
binding and enforceable obligation of such Restricted Subsidiary, except insofar as enforcement thereof may be limited by bankruptcy, insolvency or similar laws (including all laws relating to fraudulent transfers) and except insofar as enforcement
thereof is subject to general principals of equity; provided that this covenant shall not be applicable to any Guarantee of any Restricted Subsidiary that existed at the 

  
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time such Person became a Restricted Subsidiary and was not incurred in connection with, or in contemplation of, such Person becoming a Restricted Subsidiary. Each Note Guarantee shall be
released in accordance with the provisions of Section 10.09. 
 Section 4.15. Existence. The Issuer will do or cause to be
done all things necessary to preserve and keep in full force and effect its existence and the existence of each of its Restricted Subsidiaries in accordance with their respective organizational documents (as the same may be amended from time to
time), and the material rights, licenses and franchises of the Issuer and each Restricted Subsidiary, provided that the Issuer is not required to preserve any such right, license or franchise, or the existence of any Restricted Subsidiary, if
the maintenance or preservation thereof, in the judgment of the Issuer, is no longer desirable in the conduct of the business of the Issuer and its Restricted Subsidiaries taken as a whole; and provided further that this Section does not
prohibit any transaction otherwise permitted by Section 4.07 or Article 5. 
 Section 4.16. Payment of Taxes and other
Claims. The Issuer will pay or discharge, and cause each of its Restricted Subsidiaries to pay or discharge before the same become delinquent (i) all material taxes, assessments and governmental charges levied or imposed upon the Issuer or
any Restricted Subsidiary or its income or profits or property, and (ii) all material lawful claims for labor, materials and supplies that, if unpaid, might by law become a Lien upon the property of the Issuer or any Restricted Subsidiary,
other than 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 adequate reserves have been established. 

Section 4.17. Maintenance of Properties and Insurance. The Issuer will cause all properties used or useful in the conduct of its
business or the business of any of its Restricted Subsidiaries to be maintained and kept in good condition, repair and working order as in the judgment of the Issuer may be necessary so that the business of the Issuer and its Restricted Subsidiaries
may be properly and advantageously conducted at all times; provided that nothing in this Section prevents the Issuer or any Restricted Subsidiary from discontinuing the use, operation or maintenance of any of such properties or disposing of
any of them, if such discontinuance or disposal is, in the judgment of the Issuer, desirable in the conduct of the business of the Issuer and its Restricted Subsidiaries taken as a whole. 

Section 4.18. Annual Officer’s Certificate as to Compliance. If this Indenture has been qualified under the
TIA, not later than June 1 every year, beginning with June 1, 2021, the Issuer shall deliver to the Trustee a certificate (which need not comply with Section 11.05 of this Indenture) executed by the principal executive officer,
principal financial officer or principal accounting officer of the Issuer as to such officer’s knowledge of the Issuer’s compliance with all conditions and covenants under this Indenture, such compliance to be determined without regard to
any period of grace or requirement of notice provided under this Indenture. 
 Section 4.19. Limitation on Accounts Receivables
Facilities. The Issuer and its Restricted Subsidiaries may sell, transfer or otherwise dispose of accounts receivable to a 

  
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Securitization Subsidiary; provided that (i) the sale, transfer or other disposition is in connection with a Permitted Receivables Financing and (ii) the aggregate consideration
received in each such sale, transfer or other disposition is at least equal to the fair market value of the receivables sold. 
 ARTICLE 5

 SUCCESSOR ISSUER 

Section 5.01. Merger, Consolidation and Sale of Property. The Issuer shall not merge, consolidate or amalgamate with or into any
other Person or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all its Property in any one transaction or series of transactions unless: 

(a) the Issuer shall be the surviving Person (the “Surviving Person”) or the Surviving Person (if other than the Issuer)
formed by that merger, consolidation or amalgamation or to which that sale, transfer, assignment, lease, conveyance or disposition is made shall be a corporation organized and existing under the laws of the United States of America, any State
thereof or the District of Columbia; 
 (b) the Surviving Person (if other than the Issuer) expressly assumes, by supplemental indenture,
executed and delivered to the Trustee by that Surviving Person, in the case of a Surviving Person formed by the merger, consolidation or amalgamation with the Issuer or to which the sale, transfer, assignment, lease, conveyance or disposition is
with respect to all or substantially all of the Property of the Issuer, the due and punctual payment of the principal of, and premium, if any, and interest on, all the Notes, according to their tenor, and the due and punctual performance and
observance of all the covenants and conditions of this Indenture to be performed by the Issuer; 
 (c) in the case of a sale, transfer,
assignment, lease, conveyance or other disposition of all or substantially all the Property of the Issuer, that Property shall have been transferred as an entirety or virtually as an entirety to one Person; 

(d) immediately before and after giving effect to that transaction or series of transactions on a pro forma basis (and treating, for purposes
of this clause (d) and clause (e) below, any Debt that becomes, or is anticipated to become, an obligation of the Surviving Person or any Restricted Subsidiary as a result of that transaction or series of transactions as having been
Incurred by the Surviving Person or the Restricted Subsidiary at the time of that transaction or series of transactions), no Default or Event of Default shall have occurred and be continuing; 

(e) immediately after giving effect to that transaction or series of transactions on a pro forma basis, the Issuer or the Surviving Person (if
the Surviving Person was previously the Issuer), as the case may be, (i) would be able to Incur at least $1.00 of additional Debt under clause (a) of the first paragraph of the covenant described under Section 4.04 or (ii) the
Consolidated Fixed Charge Coverage Ratio of the Issuer or the Surviving Person (if the Surviving Person was previously the Issuer), as applicable, would be greater than or equal to such ratio immediately prior to such transaction,

  
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provided, however, that this clause (e) shall not be applicable to the Issuer merging, consolidating or amalgamating with or into an Affiliate incorporated solely for the
purpose of reincorporating the Issuer in a State of the United States or changing the name of the Issuer so long as the amount of Debt of the Issuer and the Restricted Subsidiaries is not increased thereby; and 

(f) unless the Issuer is the Surviving Person, the Issuer shall deliver, or cause to be delivered, to the Trustee, in form and substance
reasonably satisfactory to the Trustee, an Officers’ Certificate and an Opinion of Counsel, each stating that the transaction and the supplemental indenture, if any, in respect thereto comply with this Section and that all conditions precedent
herein provided for relating to the transaction and the execution and delivery of a supplemental indenture, as applicable, have been satisfied. 

The Surviving Person shall succeed to, and be substituted for, and may exercise every right and power of the Issuer, under this Indenture, but
the predecessor company in the case of: 
 (a) a sale, transfer, assignment, conveyance or other disposition (unless that sale, transfer,
assignment, conveyance or other disposition is of all the assets of the Issuer, as an entirety), or 
 (b) a lease, 

shall not be released from any obligation to pay the principal of, premium, if any, and interest on, the Notes. 

Section 5.02. When Guarantors May Merge or Transfer Assets. No Guarantor may merge, consolidate or amalgamate with or into any
other Person; or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all its Property in any one transaction or series of transactions; or permit any Person to merge, consolidate or amalgamate with or into the
Guarantor unless: 
 (a) the other Person is the Issuer or any Restricted Subsidiary that is a Guarantor or becomes a Guarantor concurrently
with the transaction; or 
 (b) (i) either (x) the Guarantor is the continuing Person or (y) the resulting, surviving or
transferee Person expressly assumes by supplemental indenture all of the obligations of the Guarantor under its Note Guarantee; and 

(ii) immediately after giving effect to the transaction, no Default has occurred and is continuing; or 

(c) the transaction constitutes a sale or other disposition (including by way of consolidation or merger) of the Guarantor or the sale or
disposition of all or substantially all the Property of the Guarantor (in each case other than to the Issuer or a Restricted Subsidiary) otherwise permitted by this Indenture; and 

  
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 (d) unless the Guarantor is the continuing Person, the Guarantor shall deliver, or cause to
be delivered, to the Trustee, in form and substance reasonably satisfactory to the Trustee, an Officers’ Certificate and an Opinion of Counsel, each stating that the transaction and the supplemental indenture, if any, in respect thereto comply
with this covenant and that all conditions precedent herein provided for relating to the transaction have been satisfied. 

Section 5.03. Application to the Consummation of the Transactions. Notwithstanding anything to the contrary set forth in this
Article, the foregoing does not apply to the consummation of the Transactions. 
 ARTICLE 6 

DEFAULTS AND REMEDIES 

Section 6.01. Events of Default. The following events shall be “Events of Default”: 

(a) the Issuer fails to make the payment of any interest on any Note when the same becomes due and payable, and that failure continues for a
period of 30 days; 
 (b) the Issuer fails to make the payment of any principal of, or premium, if any, on, any Note when the same becomes
due and payable at its Stated Maturity, upon acceleration, redemption, optional redemption, required repurchase or otherwise; 
 (c) the
Issuer fails to comply with Article 5; 
 (d) the Issuer or any Guarantor fails to comply with any other covenant or agreement in the Notes
or in this Indenture (other than a failure that is the subject of the foregoing clause (a), (b), or (c)) and such failure continues for 60 days after written notice is given to the Issuer as provided below; 

(e) a default under any Debt by the Issuer or any Restricted Subsidiary that results in acceleration of the maturity of that Debt, or failure
to pay any Debt at maturity, in an aggregate amount greater than $50.0 million or its foreign currency equivalent at the time; 
 (f)
any judgment or judgments for the payment of money in an aggregate amount in excess of $50.0 million (or its foreign currency equivalent at the time) (net of amounts covered by insurance or bonded) that shall be rendered against the Issuer or
any Restricted Subsidiary and that shall not be waived, satisfied, annulled, discharged or rescinded for any period of 60 consecutive days during which a stay of enforcement shall not be in effect; 

(g) the Issuer or any Significant Subsidiary pursuant to or within the meaning of any Bankruptcy Law: 

(i) commences a voluntary case; 

  
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 (ii) consents to the entry of an order for relief against it in an
involuntary case; 
 (iii) consents to the appointment of a custodian of it or for any substantial part of its property; or

 (iv) makes a general assignment for the benefit of its creditors; 

or takes any comparable action under any foreign laws relating to insolvency; 

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

(i) is for relief against the Issuer or any Significant Subsidiary in an involuntary case; 

(ii) appoints a custodian of the Issuer or any Significant Subsidiary or for any substantial part of its property; 

(iii) orders the winding up or liquidation of the Issuer or any Significant Subsidiary; or 

(iv) grants any similar relief under any foreign laws relating to insolvency; 

and in each such case the order or decree remains unstayed and in effect for 90 days; or 

(i) except as permitted under this Indenture, any Note Guarantee of any Significant Subsidiary 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 Note Guarantee if, and only if, in each such case, such default continues for 10 days. 

A Default under clause (c) or (d) is not an Event of Default until the Trustee or the Holders of not less than 25% in aggregate principal
amount of the Notes then outstanding notify the Issuer of the Default and the Issuer does not cure that Default within the time specified after receipt of such notice (the “Notice of Default”). The notice must specify the Default,
demand that it be remedied and state that the notice is a “Notice of Default.” 
 The Issuer shall deliver to the Trustee, within
30 days after the occurrence thereof, written notice in the form of an Officers’ Certificate of any event that with the giving of notice and the lapse of time would become an Event of Default, its status and what action the Issuer is taking or
proposes to take with respect thereto. 
 Section 6.02. Acceleration. If an Event of Default with respect to the Notes (other
than an Event of Default specified in Sections 6.01(g) or 6.01(h) with respect to the Issuer) shall have occurred and be continuing, the Trustee or the registered Holders of not less than 25% in aggregate principal amount of Notes then outstanding
may, by 

  
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notice to the Issuer and the Trustee, declare to be immediately due and payable the principal amount of all the Notes then outstanding, plus accrued but unpaid interest to the date of
acceleration. Upon such a declaration, such principal and interest shall be due and payable immediately. If an Event of Default specified in Sections 6.01(g) or 6.01(h) with respect to the Issuer occurs, the principal of and accrued and unpaid
interest on all the Notes shall be due and payable immediately without any declaration or other act on the part of the Trustee or the Holders of the Notes. After any such acceleration but before a judgment or decree based on acceleration is obtained
by the Trustee, the Holders of a majority in aggregate principal amount of the outstanding Notes may, by notice to the Trustee and the Issuer, rescind and annul any declaration of acceleration (i) if the rescission would not conflict with any
judgment or decree, (ii) if all existing Events of Default have been cured or waived (other than nonpayment of principal, premium, or interest that has become due solely because of the acceleration), and (iii) there has been deposited with
the Trustee a sum sufficient to pay all sums paid or advanced by the Trustee and the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel incurred in connection with the rescinded Event of Default. No
such rescission shall affect any subsequent Default or impair any right consequent thereto. 
 Section 6.03. Other Remedies. If
an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of principal of, or premium, if any, or interest on, the Notes or to enforce the performance of any provision of the Notes or this
Indenture. 
 The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the
proceeding. 
 Section 6.04. Waiver of Past Defaults. The Holders of a majority in aggregate principal amount of the Notes then
outstanding (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, the Notes) by notice to the Trustee may waive an existing Default and its consequences except (i) a Default in the payment of the
principal of or interest on a Note or (ii) a Default in respect of a provision that under Section 9.02 cannot be amended without the consent of each Noteholder adversely affected. When a Default is waived, it is deemed cured, but no such
waiver shall extend to any subsequent or other Default or impair any consequent right. If a Default is deemed to occur solely as a consequence of the existence of another Default (the “Initial Default”), then, at the time such
Initial Default is cured (including the payment of default interest, if any), the Default that resulted solely because that Initial Default will also be cured without any further action. 

Section 6.05. Control by Majority. The Holders of a majority in aggregate principal amount of the Notes then outstanding 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 the Notes. However, the Trustee may refuse to follow any direction
that conflicts with law or this Indenture that the Trustee determines is unduly prejudicial to the rights of other Noteholders or would involve the Trustee in personal liability; provided, however, that the Trustee may take

  
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any other action deemed proper by the Trustee that is not inconsistent with such direction. Subject to Section 7.01, in case an Event of Default shall occur and be continuing, the Trustee
shall be under no obligation to exercise any of its rights or powers hereunder at the request or direction of any of the Holders, unless the Holders shall have offered to the Trustee indemnity satisfactory to it. 

Section 6.06. Limitation on Suits. A Noteholder may not institute any proceeding with respect to this Indenture or the Notes, or
for the appointment of a receiver or trustee or pursue any remedy with respect to this Indenture or the Notes, unless: 
 (a) such Holder
shall have previously given to the Trustee written notice of a continuing Event of Default; 
 (b) the Holders of at least 25% in aggregate
principal amount of the Notes then outstanding shall have made a written request, and such Holder or Holders shall have offered reasonable security or indemnity, to the Trustee to institute such proceeding as trustee; and 

(c) the Trustee has not received from the Holders of a majority in aggregate principal amount of the Notes outstanding a direction
inconsistent with such request and has failed to institute such proceeding within 60 days after such notice. 
 Section 6.07. Rights
of Holders to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder to receive payment of principal of, and interest on, the Notes held by such Holder, on or after the respective due dates expressed 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. A Noteholder may not use this Indenture to prejudice the rights of another
Noteholder or to obtain a preference or priority over another Noteholder (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). 

Section 6.08. Collection Suit by Trustee. If an Event of Default specified in Section 6.01(a) or 6.01(b) occurs and is
continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Issuer for the whole amount then due and owing (together with interest on any unpaid interest to the extent lawful) and the amounts provided
for in this Indenture. 
 Section 6.09. 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 and the Noteholders allowed in any judicial proceedings relative to the Issuer, its creditors or its property and, unless prohibited by law or applicable
regulations, 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 

  
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the Holders, to pay to the Trustee any amount due it for such compensation as agreed upon in writing by the parties hereto, expenses, disbursements and advances of the Trustee, its agents and its
counsel, and any other amounts due the Trustee under this Indenture, or in connection with the transactions contemplated hereunder. 

Section 6.10. Priorities. If the Trustee collects any money or property pursuant to this Article 6, it shall pay out the money or
property in the following order: 
 FIRST: to the Trustee for all amounts due under this Indenture; 

SECOND: to Noteholders for amounts due and unpaid on the Notes for principal and interest, ratably, without preference or priority of any
kind, according to the amounts due and payable on the Notes for principal and interest, respectively; and 
 THIRD: to the Issuer. 

The Trustee may fix a record date and payment date for any payment to Noteholders pursuant to this Section. At least 15 days before such
record date, the Issuer shall mail to each Noteholder 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 (other than the Trustee), having due regard to the merits and good faith of the claims or defenses made by the party litigant. This
Section does not apply to a suit by the Trustee, a suit by a Holder pursuant to Section 6.07 or a suit by Holders of more than 10% in aggregate principal amount of the Notes. 

Section 6.12. Waiver of Stay or Extension Laws. The Issuer (to the extent it may lawfully do so) shall 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, that may affect the covenants or the performance of this Indenture; and the
Issuer (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law, and shall not hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the
execution of every such power as though no such law had been enacted. 
 Section 6.13. Restoration of Rights and Remedies. If
the Trustee or any Holder has instituted a proceeding to enforce any right or remedy under this Indenture and the proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to the Holder, then,
subject to any determination in the proceeding, the Issuer, the Guarantors, the Trustee and the Holders will be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Issuer, the
Guarantors, the Trustee and the Holders will continue as though no such proceeding had been instituted. 

  
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 Section 6.14. Rights and Remedies Cumulative. No right or remedy conferred or
reserved to the Trustee or to the Holders under this Indenture is intended to be exclusive of any other right or remedy, and all such rights and remedies are, to the extent permitted by law, cumulative and in addition to every other right and remedy
hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or exercise of any right or remedy hereunder, or otherwise, will not prevent the concurrent assertion or exercise of any other right or remedy. 

Section 6.15. Delay or Omission Not Waiver. No delay or omission of the Trustee or of any Holder to exercise any right or remedy
accruing upon any Event of Default will 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 or by law to the Trustee or to the Holders may be
exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be. 
 ARTICLE 7 

TRUSTEE 

Section 7.01. 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: 

(i) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and no
implied duties, covenants or obligations shall be read into this Indenture against the Trustee, where duties and obligations shall be determined solely by the express provisions of this Indenture; and 

(ii) in the absence of willful misconduct on its part, the Trustee may conclusively rely, as to the truth of the statements and
the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this Indenture. However, the Trustee shall examine the certificates and opinions to determine whether or
not they conform to the requirements of this Indenture but need not confirm or investigate the accuracy of any mathematical calculations or other facts stated therein. 

(c) The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own willful
misconduct, except that: 
 (i) this paragraph does not limit the effect of paragraph (b) of this Section; 

  
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 (ii) 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 negligent in ascertaining the pertinent facts; and 
 (iii)
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 from Holders pursuant to the terms of this Indenture. 

(d) Every provision of this Indenture that in any way relates to the Trustee is subject to clauses (a), (b) and (c) of this Section. 

(e) The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Issuer. 

(f) Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

(g) No provision of this Indenture 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 in the exercise of any of its rights or powers. 
 (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, and the provisions of this Article 7 shall apply to the Trustee in its role as Registrar, Paying Agent
and Notes Custodian. 
 (i) The Trustee shall not be deemed to have notice of a Default or an Event of Default unless a Trust Officer of the
Trustee has received written notice thereof (in accordance with the notice provisions of this Indenture) from the Issuer or any Holder and such notice references the Notes and this Indenture. 

Section 7.02. Rights of Trustee. (a) The Trustee may conclusively rely on any document (whether in its original or facsimile
form) 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 may, however, in its discretion make such further inquiry or
investigation into such facts or matters as it may see fit and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Issuer, personally or by agent or
attorney at the expense of the Issuer and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(b) Before the Trustee acts or refrains from acting, it shall be entitled to receive an Officers’ Certificate and 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 such Officers’ Certificate or Opinion of Counsel. 

  
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 (c) The Trustee may act through agents and/or attorneys and shall not be responsible for the
misconduct or negligence of any agent or attorney appointed with due care. 
 (d) The Trustee shall not be liable for any action it takes or
omits to take in good faith that it believes to be authorized or within its rights or powers; provided, however, that the Trustee’s conduct does not constitute willful misconduct or negligence. 

(e) The Trustee may consult with counsel of its selection, and the advice or opinion of counsel with respect to legal matters relating to this
Indenture and the Notes shall be full and complete authorization and protection from liability in respect to any action taken, omitted or suffered by it hereunder in good faith and in accordance with the advice or opinion of such counsel. 

(f) The permissive rights of the Trustee to do things enumerated in this Indenture shall not be construed as a duty unless so specified
herein. 
 (g) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request or direction of any of the Holders pursuant to this Indenture, unless such Holders shall have offered to the Trustee security and/or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by the
Trustee in compliance with such request or direction. 
 (h) The Trustee may employ or retain accountants, appraisers or other experts or
advisers as it may reasonably require for the purpose of determining and discharging its rights and duties hereunder and shall not be responsible for any misconduct on the part of any of them selected with due care. 

(i) In no event shall the Trustee be responsible or liable for special, indirect, punitive or consequential loss or damage of any kind
whatsoever (including, but not limited to, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the form of action. 

(j) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be
indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

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

(l) The Trustee may request that the Issuer deliver a certificate setting forth the names of individuals and/or titles of officers authorized
at such time to take specified actions pursuant to this Indenture. 
 (m) Delivery of any reports, information and documents to the Trustee
is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive or actual notice or knowledge of any information contained therein or 

  
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determinable from information contained therein, including the Issuer’s compliance with any of its covenants hereunder (as to which the Trustee may conclusively rely on a certificate of an
authorized Officer of the Issuer). 
 (n) The Trustee shall have no duty or responsibility to monitor the Issuer’s compliance with the
covenants included in Article 4 or the transfer restrictions on the Notes. 
 The provisions of this Section 7.02 shall survive
satisfaction and discharge or the termination, for any reason, of this Indenture and the resignation and/or removal of the Trustee. 

Section 7.03. Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or pledgee of
Notes and may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not Trustee. Any Paying Agent, Registrar or co-registrar may do the same with like rights. However,
the Trustee must comply with Sections 7.10 and 7.11. 
 Section 7.04. Trustee’s Disclaimer. The Trustee shall
not be responsible for and makes no representation as to the validity, priority or adequacy of this Indenture or the Notes, it shall not be accountable for the Issuer’s use of the proceeds from the Notes, and it shall not be responsible for any
statement of the Issuer in this Indenture or in any other document other than the certificate of authentication executed by the Trustee. 

Section 7.05. Notice of Defaults. If a Default or Event of Default occurs and is continuing of which the Trustee has received
written notice, the Trustee shall deliver to each Noteholder notice of the Default or Event of Default within 90 days after written notice of it is received by a Trust Officer of the Trustee. Except in the case of a Default or Event of Default in
payment of principal of or interest on any Note, the Trustee may withhold the notice if and so long as a committee of its Trust Officers in good faith determines that withholding the notice is in the interests of Noteholders. 

Section 7.06. [Reserved]. 

Section 7.07. Compensation and Indemnity. The Issuer shall pay to the Trustee from time to time such reasonable compensation for
its services as agreed upon in writing by the parties hereto. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Issuer shall reimburse the Trustee upon request for all reasonable,
documented out-of-pocket expenses incurred or made by it, including costs of collection, in addition to the compensation for its services. Such expenses shall include
the reasonable compensation and reasonable, documented out-of-pocket expenses, disbursements and advances of the Trustee’s agents, counsel, accountants and experts.
The Issuer shall indemnify the Trustee against any and all loss, liability, claim, damage, penalty, action, suit, cost and expense (including reasonable attorneys’ fees and
out-of-pocket expenses and taxes (other than taxes based upon, measured by or determined by the income of the Trustee)) incurred by it in connection with the acceptance
or administration of the trust hereunder and/or the transactions 

  
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contemplated under this Indenture and the Trustee shall have no liability or responsibility for any action or inaction on the part of any Paying Agent, Registrar, Authentication Agent or any
successor trustee. The Trustee shall notify the Issuer promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Issuer shall not relieve the Issuer of its obligations hereunder except to the extent that the
Issuer shall have been actually prejudiced as a result of such failure. The Issuer shall defend the claim and the Trustee shall provide reasonable cooperation at the Issuer’s expense in the defense. The Trustee may have separate counsel and the
Issuer shall pay the fees and expenses of such counsel; provided, however, that the Issuer shall not be required to pay such fees and expenses if it assumes the Trustee’s defense and, in the Trustee’s reasonable judgment, there is no
actual or potential conflict of interest between the Issuer and the Trustee in connection with such defense. The Issuer need not reimburse any expense or indemnify against any loss, liability or expense incurred by the Trustee through the
Trustee’s own willful misconduct or negligence. The Issuer need not pay for any settlement made by the Trustee without the Issuer’s consent, such consent not to be unreasonably withheld. All indemnifications and releases from liability
granted hereunder to the Trustee shall extend to its officers, directors, employees, agents, successors and assigns. 
 To secure the
Issuer’s payment obligations in this Section, the Trustee shall have a lien prior to the Notes on all money or property held or collected by the Trustee other than money or property held in trust to pay principal of and interest on particular
Notes. 
 The Issuer’s payment obligations pursuant to this Section shall survive the resignation or removal of the Trustee and the
discharge of this Indenture. When the Trustee incurs expenses after the occurrence of a Default specified in Sections 6.01(g) or 6.01(h) with respect to the Issuer, the expenses are intended to constitute expenses of administration under the
Bankruptcy Law. 
 The provisions of this Section 7.07 shall survive the satisfaction and discharge or termination, for any reason, of
this Indenture and the resignation or removal of the Trustee. 
 Section 7.08. Replacement of Trustee. The Trustee may resign at
any time by providing 30 days’ prior written notice to the Issuer. The Holders of a majority in aggregate principal amount of the Notes then outstanding may remove the Trustee by providing 30 days’ prior written notice to the Trustee and
may appoint a successor Trustee. The Issuer may remove the Trustee by providing 30 days’ prior written notice if: 
 (a) the Trustee
fails to comply with Section 7.10; 
 (b) the Trustee is adjudged bankrupt or insolvent or an order for relief is entered with respect
to the Trustee under any Bankruptcy Law; 
 (c) a receiver or other public officer takes charge of the Trustee or its property; 

(d) the Trustee otherwise becomes incapable of acting; or 

  
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 (e) there is no Event of Default continuing and no event that upon notice or lapse of time
or both, would become an Event of Default. 
 If the Trustee resigns, is removed by the Issuer or by the Holders of a majority in aggregate
principal amount of the Notes then outstanding and such Holders do not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of Trustee for any reason (the Trustee in such event being referred to herein as the
retiring Trustee), the Issuer shall promptly appoint a successor Trustee. 
 A successor Trustee shall deliver a written acceptance of its
appointment to the retiring Trustee and to the Issuer. 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 mail a notice of its succession to Noteholders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in Section 7.07. 

If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, at the
reasonable expense of the Issuer, or the Holders of 10% in aggregate principal amount of the Notes then outstanding may petition any court of competent jurisdiction for the appointment of a successor Trustee. 

If the Trustee fails to comply with Section 7.10, any Noteholder 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. 
 Notwithstanding
the replacement or resignation of the Trustee pursuant to this Section, the Issuer’s obligations under Section 7.07 shall continue for the benefit of the Trustee and survive the termination of this Indenture. 

Section 7.09. 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 or banking association without any further act shall be the successor Trustee. 

Section 7.10. Eligibility; Disqualification. The Trustee shall at all times satisfy the requirements of TIA § 310(a) (as if,
for the limited purpose of the Trustee’s obligations under this sentence, the Indenture had been qualified under the TIA). The Trustee shall have (or, in the case of a corporation included in a bank holding company system, the
related bank holding company shall have) a combined capital and surplus of at least $50.0 million as set forth in its (or its related bank holding company’s) most recent published annual report of condition. The Trustee shall comply with
TIA § 310(b) (as if, for the limited purpose of the Trustee’s obligations under this sentence, the Indenture had been qualified under the TIA), subject to the penultimate paragraph thereof; provided, however,
that there shall be excluded from the operation of TIA § 310(b)(i) any indenture or indentures under which other securities or certificates of 

  
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interest or participation in other securities of the Issuer are outstanding if the requirements for such exclusion set forth in TIA § 310(b)(1) are met. 

Section 7.11. Preferential Collection of Claims Against Issuer. The Trustee shall comply with TIA § 311(a) (as if, for the
limited purpose of the Trustee’s obligations under this sentence, the Indenture had been qualified under the TIA), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned or been removed shall
be subject to TIA § 311(a) to the extent indicated. If the Trustee acquires any conflicting interest (as defined in the TIA), it must eliminate such conflict within 90 days, apply to the SEC for permission to
continue (if this Indenture has been qualified under the TIA) or resign. 
 ARTICLE 8 

DISCHARGE OF INDENTURE; DEFEASANCE 

Section 8.01. Discharge of Liability on Notes; Defeasance. (a) When (i) all outstanding Notes (other than Notes replaced
pursuant to Section 2.07 have been delivered to the Trustee for cancellation and the Issuer has paid all sums payable by it hereunder, or (ii) (A) all outstanding Notes mature within one year or all of the outstanding Notes are to be
called for redemption within one year under arrangements satisfactory to the Trustee for giving the notice of redemption, (B) the Issuer irrevocably deposits with the Trustee funds in U.S. Dollars, U.S. Government Obligations or a combination
thereof sufficient to pay at maturity or upon redemption all outstanding Notes, including interest thereon to maturity or such redemption date (other than Notes replaced pursuant to Section 2.07), as evidenced by an Officers’ Certificate
of the Issuer, (C) no Default has occurred and is continuing on the date of the deposit, (D) the deposit will not result in a breach or violation of, or constitute default under, this Indenture or any other material agreement or instrument
to which the Issuer is a party or by which it is bound, and (E) the Issuer pays all other sums payable hereunder by the Issuer, then this Indenture shall, subject to Section 8.01(c), be discharged and cease to be of further effect. The
Trustee shall acknowledge satisfaction and discharge of this Indenture on written demand of the Issuer accompanied by an Officers’ Certificate and an Opinion of Counsel and at the cost and expense of the Issuer. 

(b) Subject to Sections 8.01(c) and 8.02, the Issuer at any time may terminate (i) all of its obligations under the Notes and this
Indenture (“legal defeasance option”) or (ii) its obligations under Sections 4.03, 4.04, 4.05, 4.06, 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.14, 4.16, 4.17, 4.18 and Section 4.19 and the operation of Sections 6.01(d)
(with respect to the covenants of Article 4 identified in the immediately preceding paragraph), 6.01(e), 6.01(f), 6.01(g), 6.01(h) and 6.01(i) (but, in the case of Sections 6.01(g) and 6.01(h), with respect only to Significant Subsidiaries) and the
limitations contained in clause (e) of Section 5.01 (“covenant defeasance option”). The Issuer may exercise its legal defeasance option notwithstanding its prior exercise of its covenant defeasance option. 

If the Issuer exercises its legal defeasance option, payment of the Notes may not be accelerated because of an Event of Default. If the Issuer
exercises its covenant 

  
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defeasance option, payment of the Notes may not be accelerated because of an Event of Default specified in Sections 6.01(c), 6.01(d) (with respect to the covenants of Article 4 identified in the
immediately preceding paragraph), 6.01(e), 6.01(f), 6.01(g), 6.01(h) or 6.01(i) (with respect only to Significant Subsidiaries in the case of Sections 6.01(g) and 6.01(h)) or because of the failure of the Issuer to comply with the limitations
contained in clause (e) of Section 5.01. 
 Upon satisfaction of the conditions set forth herein and upon request of the Issuer,
accompanied by an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent specified herein relating to the defeasance contemplated have been complied with, the Trustee shall acknowledge in writing the
discharge of those obligations that the Issuer terminates. 
 (c) Notwithstanding clauses (a) and (b) above, the Issuer’s
obligations in Sections 2.04, 2.05, 2.06, 2.07, 7.07, 7.08, 8.05 and 8.06 shall survive until the Notes have been paid in full. Thereafter, the Issuer’s obligations in Sections 7.07 and 8.05 shall survive such satisfaction or discharge. 

Section 8.02. Conditions to Defeasance. The Issuer may exercise its legal defeasance option or its covenant defeasance option only
if: 
 (a) the Issuer irrevocably deposits in trust with the Trustee money in U.S. Dollars, U.S. Government Obligations or a combination
thereof for the payment of principal of and interest (including premium, if any) on the Notes to maturity or a redemption date permitted under this Indenture; 

(b) the Issuer delivers to the Trustee an Officers’ Certificate certifying that the payments of principal and interest when due and
without reinvestment on the deposited U.S. Government Obligations plus any deposited money without investment will provide cash at such times and in amounts as will be sufficient to pay principal and interest (including premium, if any) when due on
all the Notes to maturity or redemption, as the case may be; 
 (c) no Default or Event of Default has occurred and is continuing on the
date of the deposit and after giving effect thereto; 
 (d) the deposit does not constitute a default under any other material agreement or
instrument binding on the Issuer; 
 (e) in the case of the legal defeasance option, the Issuer shall have delivered to the Trustee an
Opinion of Counsel stating that: 
 (i) the Issuer has received from the Internal Revenue Service a ruling, or 

(ii) since the date of this Indenture there has been a change in the applicable federal income tax law, 

  
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 in either case to the effect that, and based thereon such Opinion of Counsel
shall confirm that, the beneficial owners of the Notes will not recognize income, gain or loss for federal income tax purposes as a result of such defeasance and will be subject to federal income tax on the same amounts, in the same manner and at
the same times as would have been the case if such defeasance had not occurred; 
 (f) in the case of the covenant defeasance option, the
Issuer shall have delivered to the Trustee an Opinion of Counsel to the effect that the beneficial owners of the Notes will not recognize income, gain or loss for federal income tax purposes as a result of such covenant defeasance and will be
subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such covenant defeasance had not occurred; and 

(g) the Issuer delivers to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that all conditions precedent to
the defeasance and discharge of this Indenture and the Notes as contemplated by this Article 8 have been complied with. 
 Simultaneous with
a deposit, the Issuer may make arrangements satisfactory to the Trustee for the redemption of Notes at a future date in accordance with Article 3. 

Section 8.03. Application of Trust Money. The Trustee shall hold in trust money in U.S. Dollars, U.S. Government Obligations or a
combination thereof deposited with it pursuant to this Article 8. It shall apply the deposited money in U.S. Dollars, U.S. Government Obligations or a combination thereof through the Paying Agent and in accordance with this Indenture to the payment
of principal of and interest on the Notes. 
 Section 8.04. Repayment to Issuer. The Trustee and the Paying Agent shall promptly
turn over to the Issuer upon written request any excess money or securities held by them upon satisfaction of the conditions and occurrence of the events set forth in this Article 8. 

Subject to any applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Issuer upon request any money held by them
for the payment of principal or interest that remains unclaimed for two years, and, thereafter, Noteholders entitled to the money must look to the Issuer for payment as general creditors. 

Section 8.05. Indemnity for U.S. Government Obligations. The Issuer shall pay and shall indemnify the Trustee against any tax, fee
or other charge imposed on or assessed against deposited U.S. Government Obligations or the principal and interest received on such U.S. Government Obligations. 

Section 8.06. Reinstatement. If the Trustee or Paying Agent is unable to apply any money in U.S. Dollars, U.S. Government
Obligations or a combination thereof in accordance with this Article 8 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 Issuer’s obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to 

  
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this Article 8 until such time as the Trustee or Paying Agent is permitted to apply all such money or U.S. Government Obligations in accordance with this Article 8; provided,
however, that, if the Issuer has made any payment of interest on or principal of any Notes because of the reinstatement of its obligations, the Issuer 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 9 

AMENDMENTS 

Section 9.01. Without Consent of Holders. The Issuer and the Trustee may amend this Indenture or the Notes without notice to or
consent of any Noteholder: 
 (a) to cure any ambiguity, omission, defect, mistake or inconsistency; 

(b) to provide for the assumption by a successor of the obligations of the Issuer or any Guarantor under this Indenture, 

(c) to provide for uncertificated Notes in addition to or in place of certificated Notes; provided, however, that the
uncertificated Notes are issued in definitive, fully registered form for purposes of Section 163(f) of the Code or in a manner such that the uncertificated Notes are described in Section 163(f)(2)(B) of the Code; 

(d) to add Guarantees with respect to the Notes or release Guarantors from their Note Guarantees as provided by the terms of this Indenture or
the Note Guarantees; 
 (e) to secure the Notes (and, thereafter, provide releases of collateral in accordance with the security documents
entered into in connection therewith), to add to the covenants of the Issuer or any Guarantor for the benefit of the Holders or to surrender any right or power herein conferred upon the Issuer or any Guarantor; 

(f) to make any change that would provide any additional rights or benefits to the Holders of Notes or make any change that does not
materially adversely affect the rights of any Noteholder; 
 (g) to comply with any requirements of the SEC in connection with qualifying,
or maintaining the qualification of, this Indenture under the TIA (it being agreed that this Indenture need not be qualified under the TIA), and to modify, eliminate or add to the provisions of this Indenture to such extent as shall be necessary to
effect the qualification of this Indenture under the TIA in the event the Issuer determines that this Indenture should be so qualified; 

(h) to provide for the issuance of Additional Notes in accordance with this Indenture; 

(i) to provide for the issuance of exchange notes that shall have terms substantially identical in all respects to the Notes (except that the
transfer restrictions 

  
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contained in the Notes shall be modified or eliminated as appropriate) and which shall be treated, together with any outstanding Notes, as a single class of securities; 

(j) to provide for the appointment of a successor trustee; provided that the successor trustee is otherwise qualified and eligible to
act as such under the terms of this Indenture; 
 (k) to conform any provision of this Indenture to the “Description of Notes”
contained in the Offering Memorandum; or 
 (l) to comply with the procedures of DTC or the Trustee with respect to the provisions in this
Indenture and the Notes relating to transfers and exchanges of Notes or beneficial interests in Notes. 
 The consent of the Holders of the
Notes is not necessary to approve the particular form of any proposed amendment. It is sufficient if such consent approves the substance of the proposed amendment. After an amendment becomes effective, the Issuer is required to deliver to each
registered Holder of the Notes at the Holder’s address appearing in the security register a notice briefly describing the amendment. However, the failure to give this notice to all Holders of the Notes, or any defect therein, will not impair or
affect the validity of the amendment. In connection with any modification, amendment or supplement, the Issuer will deliver to the Trustee an Opinion of Counsel and an Officers’ Certificate upon which the Trustee may conclusively rely, each
stating that such modification, amendment or supplement complies with the applicable provisions of this Indenture. 
 Section 9.02.
With Consent of Holders. The Issuer and the Trustee may amend this Indenture or the Notes without notice to any Noteholder but with the written consent of the Holders of at least a majority in aggregate principal amount of the Notes then
outstanding (including consents obtained in connection with a purchase of, or tender offer or exchange offer for, the Notes). However, without the consent of each Noteholder adversely affected thereby, an amendment may not: 

(a) reduce the amount of Notes whose Holders must consent to an amendment or waiver; 

(b) reduce the rate of or extend the time for payment of interest on any Note; 

(c) reduce the principal of or extend the Stated Maturity of any Note; 

(d) make any Note payable in money other than U.S. Dollars; 

(e) make any change to the contractual right of any Holder of the Notes expressly set forth in this Indenture or the Notes to receive payment
of principal of and interest on that Holder’s Notes on or after the due dates therefor or to institute suit for the enforcement of any payment on or with respect to that Holder’s Notes; 

  
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 (f) expressly subordinate the Notes to any other obligation of the Issuer or any Guarantor,
except as otherwise permitted under this Indenture or the Notes; 
 (g) reduce the premium payable upon the redemption of any Note or change
the time at which any Note may be redeemed, as set forth in Section 3.07 or as set forth in the Notes; 
 (h) reduce the premium
payable upon a Change of Control or, at any time after a Change of Control has occurred, change the time at which the Change of Control Offer relating thereto must be made or at which the Notes must be repurchased pursuant to that Change of Control
Offer; 
 (i) at any time after the Issuer is obligated to make a Prepayment Offer with the Excess Proceeds from Asset Sales, change the
time at which the Prepayment Offer must be made or at which the Notes must be repurchased pursuant thereto; or 
 (j) release any Guarantor
from any of its obligations under its Note Guarantee or this Indenture, except in accordance with the terms of this Indenture. 
 The
consent of the Holders of the Notes is not necessary to approve the particular form of any proposed amendment. It is sufficient if such consent approves the substance of the proposed amendment. After an amendment becomes effective, the Issuer is
required to deliver to each registered Holder of the Notes at the Holder’s address appearing in the security register a notice briefly describing the amendment. However, the failure to give this notice to all Holders of the Notes, or any defect
therein, will not impair or affect the validity of the amendment. In connection with any modification, amendment or supplement, the Issuer will deliver to the Trustee an Opinion of Counsel and an Officers’ Certificate upon which the Trustee may
conclusively rely, each stating that such modification, amendment or supplement complies with the applicable provisions of this Indenture. 

Section 9.03. [Reserved]. 

Section 9.04. Revocation and Effect of Consents and Waivers. A consent to an amendment or a waiver by a Holder of a Note shall
bind the Holder and every subsequent Holder of that Note or portion of the Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent or waiver is not made on the Note. However, any such Holder or
subsequent Holder may revoke the consent or waiver as to such Holder’s Note or portion of the Note if the Trustee receives the notice of revocation before the date the amendment or waiver becomes effective. After an amendment or waiver becomes
effective, it shall bind every Noteholder. An amendment or waiver becomes effective upon the execution of such amendment or waiver by the Trustee. 

The Issuer may, but shall not be obligated to, fix a record date for the purpose of determining the Noteholders entitled to give their consent
or take any other action described above 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 Noteholders at such record date (or
their duly designated proxies), and 

  
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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 9.05. Notation on
or Exchange of Notes. If an amendment changes the terms of a Note, the Trustee may require the Holder of the Note to deliver such Note to the Trustee. The Trustee may place an appropriate notation on the Note regarding the changed terms and
return such Note to the Holder. Alternatively, if the Issuer or the Trustee so determines, the Issuer in exchange for the Note shall issue and the Trustee shall authenticate a new Note that reflects the changed terms. Failure to make the appropriate
notation or to issue a new Note shall not affect the validity of such amendment. 
 Section 9.06. Trustee to Sign Amendments.
The Trustee shall sign any amendment authorized pursuant to this Article 9 if the amendment does not adversely affect the rights, duties, liabilities or immunities of the Trustee. If it does, the Trustee may but need not sign it. In signing such
amendment the Trustee shall receive indemnity reasonably satisfactory to it and shall receive, and (subject to Section 7.01) shall be fully protected in conclusively relying upon, in addition to the documents required by Section 11.04, an
Officers’ Certificate and an Opinion of Counsel each stating that such amendment is authorized or permitted by this Indenture and is the legal, valid and binding obligation of the Issuer, enforceable in accordance with its terms. 

ARTICLE 10 
 NOTE
GUARANTEES 
 Section 10.01. The Note Guarantees. Subject to the provisions of this Article, each Guarantor party
hereto or that executes a supplemental indenture in the form of Exhibit B hereby irrevocably and unconditionally Guarantees, jointly and severally, on an unsecured basis, the full and punctual payment (whether at Stated Maturity, upon redemption,
purchase pursuant to an offer to purchase required under Section 4.07 or Section 4.12 or acceleration, or otherwise) of the principal of, premium, if any, and interest on, and all other amounts payable under, each Note, and the full and
punctual payment of all other amounts payable by the Issuer under this Indenture (including the Issuer’s obligations under Section 7.07 hereof). Upon failure by the Issuer to pay punctually any such amount, each Guarantor shall forthwith
on demand pay the amount not so paid at the place and in the manner specified in this Indenture. Any Note Guarantee constitutes a guarantee of payment and not of collection. 

Section 10.02. Guarantee Unconditional. The obligations of each Guarantor hereunder are unconditional and absolute and, without
limiting the generality of the foregoing, will not be released, discharged or otherwise affected by: 
 (a) any extension, renewal,
settlement, compromise, waiver or release in respect of any obligation of the Issuer under this Indenture or any Note, by operation of law or otherwise; 

  
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 (b) any modification or amendment of or supplement to this Indenture or any Note; 

(c) any change in the corporate existence, structure or ownership of the Issuer, or any insolvency, bankruptcy, reorganization or other
similar proceeding affecting the Issuer or its assets or any resulting release or discharge of any obligation of the Issuer contained in this Indenture or any Note; 

(d) the existence of any claim, set-off or other rights which the Guarantor may have at any time
against the Issuer, the Trustee or any other Person, whether in connection with this Indenture or any unrelated transactions, provided that nothing herein prevents the assertion of any such claim by separate suit or compulsory counterclaim;

 (e) any invalidity or unenforceability relating to or against the Issuer for any reason of this Indenture or any Note, or any provision
of applicable law or regulation purporting to prohibit the payment by the Issuer of the principal of or interest on any Note or any other amount payable by the Issuer under this Indenture; or 

(f) any other act or omission to act or delay of any kind by the Issuer, the Trustee or any other Person or any other circumstance whatsoever
which might, but for the provisions of this Section, constitute a legal or equitable discharge of or defense to such Guarantor’s obligations hereunder. 

Section 10.03. Discharge; Reinstatement. Each Guarantor’s obligations hereunder will remain in full force and effect until
the principal of, premium, if any, and interest on the Notes and all other amounts payable by the Issuer under this Indenture have been paid in full. If at any time any payment of the principal of, premium, if any, or interest on any Note or any
other amount payable by the Issuer under this Indenture is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Issuer or otherwise, each Guarantor’s obligations hereunder with respect to
such payment will be reinstated as though such payment had been due but not made at such time. 
 Section 10.04. Waiver by the
Guarantors. Each Guarantor irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against the Issuer or any other
Person. 
 Section 10.05. Subrogation and Contribution. Upon making any payment with respect to any obligation of the Issuer
under this Article, the Guarantor making such payment will be subrogated to the rights of the payee against the Issuer with respect to such obligation, provided that the Guarantor may not enforce either any right of subrogation, or any right
to receive payment in the nature of contribution, or otherwise, from any other Guarantor, with respect to such payment so long as any amount payable by the Issuer hereunder or under the Notes remains unpaid. 

Section 10.06. Stay of Acceleration. If acceleration of the time for payment of any amount payable by the Issuer under this
Indenture or the Notes is stayed upon the 

  
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insolvency, bankruptcy or reorganization of the Issuer, all such amounts otherwise subject to acceleration under the terms of this Indenture are nonetheless payable by the Guarantors hereunder
forthwith on demand by the Trustee or the Holders. 
 Section 10.07. Limitation on Amount of Note Guarantee. Notwithstanding
anything to the contrary in this Article, each Guarantor, and by its acceptance of Notes, each Holder, hereby confirms that it is the intention of all such parties that the Note Guarantee of such Guarantor not constitute a fraudulent conveyance
under applicable fraudulent conveyance provisions of the Bankruptcy Law or any comparable provision of state law. To effectuate that intention, the Trustee, the Holders and the Guarantors hereby irrevocably agree that the obligations of each
Guarantor under its Note Guarantee are limited to the maximum amount that would not render the Guarantor’s obligations subject to avoidance under applicable fraudulent conveyance provisions of the Bankruptcy Law or any comparable provision of
state law. 
 Section 10.08. Execution and Delivery of Note Guarantee. The execution by each Guarantor of this Indenture (or a
supplemental indenture in the form of Exhibit B) evidences the Note Guarantee of such Guarantor, whether or not the person signing as an officer of the Guarantor still holds that office at the time of authentication of any Note. The delivery of any
Note by the Trustee after authentication constitutes due delivery of the Note Guarantee set forth in this Indenture on behalf of each Guarantor. 

Section 10.09. Release of Note Guarantee. The Note Guarantee of a Guarantor will terminate, and the Note Guarantee will be
automatically and unconditionally released and discharged, upon: 
 (a) a sale or other disposition (including by way of consolidation or
merger) of Capital Stock of the Guarantor following which such Guarantor ceases to be a Subsidiary of the Issuer or the sale or disposition of all or substantially all the Property of the Guarantor (in each case other than to the Issuer or a
Domestic Restricted Subsidiary) otherwise permitted by this Indenture, 
 (b) the release or discharge of such Guarantor’s Guarantee of
the obligations under the Credit Agreement other than a release or discharge through payment thereon, 
 (c) the designation in accordance
with this Indenture of the Guarantor as an Unrestricted Subsidiary, 
 (d) such Guarantor ceases to be a Restricted Subsidiary and such
Guarantor is not otherwise required to provide a Guarantee of the Notes pursuant to the provisions set forth in Section 4.14 or 
 (e)
defeasance or discharge of the Indenture, as provided in Article 8. 
 Upon delivery by the Issuer to the Trustee of an Officers’
Certificate and an Opinion of Counsel to the foregoing effect, the Trustee will execute any documents reasonably required in order to evidence the release of the Guarantor from its obligations under its Note Guarantee. 

  
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 ARTICLE 11 

MISCELLANEOUS 

Section 11.01. [Reserved]. 

Section 11.02. Notices. Any notice or communication shall be in writing and delivered in person or mailed by first-class mail or
sent by facsimile (with a hard copy delivered in person or by mail promptly thereafter) and addressed as follows: 
 if to the Issuer: 

Energizer Holdings, Inc. 
 533
Maryville University Drive 
 St. Louis, Missouri 63141 

Facsimile: (314) 985-2258 

Attention: General Counsel 
 with a copy to: 

McGuireWoods LLP 
 Fifth Third
Center 
 201 North Tryon Street, Suite 3000 

Charlotte, NC 28202 
 Facsimile:
(704) 343-2300 
 Attention: Betty Wren 

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

Chicago, IL 60602 
 Attention:
Corporate Trust Administration 
 Facsimile: 312-827-8543

 The Issuer or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or
communications. 
 Any notice or communication mailed to a Noteholder shall be mailed or delivered to the Noteholder at the
Noteholder’s address as it appears on the registration books of the Registrar and shall be sufficiently given if so mailed within the time prescribed. 

Failure to mail or deliver a notice or communication to a Noteholder or any defect in it shall not affect its sufficiency with respect to
other Noteholders. If a notice or communication is mailed or delivered in the manner provided above, it is duly given, whether or not the addressee receives it. 

  
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 The Trustee agrees to accept and act upon instructions or directions pursuant to this
Indenture sent by unsecured e-mail, pdf, facsimile transmission or other similar unsecured electronic methods, provided, however, that the Trustee shall have received an incumbency certificate
listing persons designated to give such instructions or directions and containing specimen signatures of such designated persons, which such incumbency certificate shall be amended and replaced whenever a person is to be added or deleted from the
listing. If the Issuer elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method) and the Trustee in its discretion elects to act upon such instructions, the
Trustee’s understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon and compliance with such
instructions notwithstanding such instructions conflict or are inconsistent with a subsequent written instruction. The Issuer agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the
Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, and the risk or interception and misuse by third parties. 

Section 11.03. [Reserved]. 

Section 11.04. Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Issuer to the Trustee to
take or refrain from taking any action under this Indenture, the Issuer shall furnish to the Trustee: 
 (a) an Officers’ Certificate in
form and substance reasonably satisfactory to the Trustee stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee stating that, in the opinion of such counsel, all such
conditions precedent have been complied with. 
 Section 11.05. Statements Required in Certificate or Opinion. Each certificate
or opinion with respect to compliance with a covenant or condition provided for in this Indenture shall include: 
 (a) a statement that the
individual making such certificate or opinion has read such covenant or condition; 
 (b) a brief statement as to the nature and scope of
the examination or investigation upon which the statements or opinions contained in such certificate or opinion are based; 
 (c) a
statement that, in the opinion of such 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 

  
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 (d) a statement as to whether or not, in the opinion of such individual, such covenant or
condition has been fully complied with. 
 Every such certificate or opinion provided under this Indenture shall be without personal
recourse to the individual executing the same and may include an express statement to that effect. 
 Section 11.06. When Notes
Disregarded. In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or consent, Notes owned by the Issuer or by any Person directly or indirectly controlling or controlled by or under
direct or indirect common control with the Issuer shall be disregarded and deemed not to be outstanding, except that, for the purpose of determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only
Notes that the Trustee 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 11.07. Rules by Trustee, Paying Agents and Registrar. The Trustee may make reasonable rules for action by or a meeting of
Noteholders. The Registrar and the Paying Agents or co-registrar may make reasonable rules for their functions. 

Section 11.08. Business Days. If a payment date (including, for the avoidance of doubt, the maturity date or any Redemption Date)
is not a Business Day, payment shall be made on the next succeeding day that is a Business Day, and no interest shall accrue for the intervening period. If a regular record date is not a Business Day, the record date shall not be affected. 

Section 11.09. Governing Law/Waiver of Trial by Jury; Submission to Jurisdiction. THIS INDENTURE, THE NOTES AND THE NOTE
GUARANTEES AND ANY CLAIM, CONTROVERSY OR DISPUTE RELATING TO OR ARISING OUT OF THIS INDENTURE, THE NOTES AND THE NOTE GUARANTEES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO
APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. EACH OF THE PARTIES HERETO AND EACH HOLDER OF NOTES BY ITS ACCEPTANCE THEREOF IRREVOCABLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES, THE NOTE GUARANTEES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

The parties irrevocably submit to the non-exclusive jurisdiction of any New York State or federal
court sitting in the Borough of Manhattan, City of New York, over any suit, action or proceeding arising out of or relating to this Indenture. To the fullest extent permitted by applicable law, the parties irrevocably waive and agree not to assert,
by way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of 

  
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any such court, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any such court and any claim that any such suit,
action or proceeding brought in any such court has been brought in an inconvenient forum. 
 Section 11.10. No Recourse Against
Others. No past, present or future director, officer, employee or shareholder, as such, of the Issuer or any Guarantor shall have any liability for any obligations of the Issuer or any Guarantor under the Notes, this Indenture or any Note
Guarantee or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Note, each Noteholder shall waive and release all such liability. The waiver and release shall be part of the consideration for the
issue of the Notes. 
 Section 11.11. Successors. All agreements of the Issuer and the Guarantors in this Indenture and the
Notes shall bind their respective successors. All agreements of the Trustee in this Indenture shall bind its successors. 

Section 11.12. Multiple Originals; Electronic Signatures. 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. One signed copy is enough to prove this Indenture. The words “execution,” signed,” signature,” and words of like import in this Indenture
shall include images of manually executed signatures transmitted by facsimile, email or other electronic format (including, without limitation, “pdf,” “tif” or “jpg”) and other electronic signatures (including without
limitation, DocuSign and AdobeSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent, communicated, received, or stored by electronic means) shall be of
the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial Code. Without limitation to
the foregoing, and anything in this Indenture to the contrary notwithstanding, (a) any Officers’ Certificate, Opinion of Counsel, Definitive Note, Global Note, Note Guarantee, certificate of authentication appearing on or attached to any
Note, supplemental indenture or other certificate, instrument, agreement, notice or other document delivered pursuant to this Indenture may be executed, attested and transmitted by any of the foregoing electronic means and formats, and (b) all
references in Section 2.03 (Execution and Authentication) or elsewhere in this Indenture or in any Definitive Note Global Note to the execution, attestation or authentication of any Note or any certificate of authentication appearing on or
attached to any Note by means of a manual or facsimile signature shall be deemed to include signatures that are made or transmitted by any of the foregoing electronic means or formats. 

Section 11.13. Table of Contents; Headings. The table of contents, cross-reference sheet and headings of the Articles and Sections
of this Indenture and the Notes 

  
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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. 

Section 11.14. Force Majeure. In no event shall the Trustee be responsible or liable for any failure or delay in the performance
of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or
natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services; it being understood that the Trustee shall use reasonable efforts which are consistent with
accepted practices in the banking industry to resume performance as soon as practicable under the circumstances. 
 Section 11.15.
U.S.A. Patriot Act. The parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee, like all financial institutions and in order to help fight the funding of terrorism and money
laundering, is required to obtain, verify, and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee. The parties to this Indenture agree that they will provide the
Trustee with such information within the Issuer’s custody or control or as the Issuer may reasonably obtain that the Trustee may request in order for the Trustee to satisfy the requirements of the U.S.A. Patriot Act. 

Section 11.16. FATCA. In order to assist the Trustee with its compliance with Sections 1471 through 1474 of the Code and the rules
and regulations thereunder (as in effect from time to time, collectively, the “Applicable Law”) the Issuer agrees (i) to provide to the Trustee reasonably available information regarding the Issuer or the Holders of Notes
(solely in their capacity as such) and which is necessary for the Trustee’s determination of whether it has tax related obligations under Applicable Law and (ii) that the Trustee shall be entitled to make any withholding or deduction from
payments under this Indenture to the extent necessary to comply with Applicable Law and shall have no liability in connection therewith other than as a result of its negligence or willful misconduct. Nothing in the immediately preceding sentence
shall be construed as obligating the Issuer to make any “gross up” payment or similar reimbursement in connection with a payment in respect of which amounts are so withheld or deducted. 

[Remainder of Page Intentionally Left Blank] 

  
 97 

 In witness whereof, the parties have caused this Indenture to be duly executed as of the
date first written above. 
  

					
	ENERGIZER HOLDINGS, INC., as Issuer
		
	By: 	 	 /s/ Timothy W. Gorman

		 	Name:	 	Timothy W. Gorman
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 [Signature Page
to the Indenture] 

 
			
	ENERGIZER, LLC
	ENERGIZER MANUFACTURING, INC.
	ENERGIZER BRANDS, LLC
	ENERGIZER INTERNATIONAL, INC.
	ENERGIZER INVESTMENT COMPANY
	ENERGIZER BRANDS II HOLDING LLC
	ASSOCIATED PRODUCTS, LLC
	AMERICAN COVERS, LLC
	CALIFORNIA SCENTS, LLC
	ENERGIZER AUTO BRANDS, INC.
	 (f/k/a ARMORED AUTOGROUP INC.)

	ENERGIZER AUTO, INC.
	 (f/k/a THE ARMOR ALL/STP PRODUCTS COMPANY)

	ENERGIZER AUTO MANUFACTURING, INC.
	 (f/k/a STP PRODUCTS MANUFACTURING COMPANY)

	ENERGIZER AUTO SALES, INC.
	 (f/k/a ARMORED AUTOGROUP SALES INC.)

	each as a Guarantor
		
	By:	 	/s/ Timothy W. Gorman 
		 	Name: Timothy W. Gorman
		 	Title: Executive Vice President and Chief Financial           Officer
	
	ENERGIZER INTERNATIONAL SUB, LLC
	ENERGIZER INTERNATIONAL HOLDINGS, LLC each as a Guarantor
		
	By:	 	/s/ John J. Drabik 
		 	Name: John J. Drabik
		 	Title: Senior Vice President, Corporate Controller and
          Treasurer

  
 [Signature Page
to the Indenture] 

 
			
	THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee
		
	By:	 	/s/ Lawrence M. Kusch
		 	Name: Lawrence M. Kusch
		 	Title: Vice President

  
 [Signature Page
to the Indenture] 

 Appendix A 

PROVISIONS RELATING TO THE NOTES 
  

	1.	 Definitions. 

1.1. Definitions. 
 For
the purposes of this Appendix A the following terms shall have the meanings indicated below: 
 “Definitive Note” means a
certificated Note bearing, if required, the restricted securities legend set forth in Section 2.3(c). 
 “Depositary”
means with respect to the Notes, The Depository Trust Company, its nominees and their respective successors. 
 “Distribution
Compliance Period” means, with respect to any Notes, the period of 40 consecutive days beginning on the later of (i) the day on which such Notes are first offered to Persons other than distributors (as defined in Regulation S) in
reliance on Regulation S and (ii) the issue date with respect to such Notes. 
 “Notes Custodian” means the custodian
with respect to a Global Note (as appointed by the Depositary) or any successor person thereto, who shall initially be the Trustee. 

“Original Notes” has the meaning assigned to such term in the recitals to this Indenture. 

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

“Transfer Restricted Notes” means Definitive Notes and any other Notes that bear or are required to bear the legend set forth
in Section 2.3(c) hereto. 
 1.2. Other Definitions. 
  

					
	 Term
	  	Defined in Section:	 
	 “Agent Members”
	  	 	2.1	(b) 
	 “Global Note”
	  	 	2.1	(a) 
	 “Regulation S”
	  	 	2.1	 
	 “Regulation S Global Note”
	  	 	2.1	(a) 
	 “Rule 144A”
	  	 	2.1	 
	 “Rule 144A Global Note”
	  	 	2.1	(a) 

  

	2.	 The Notes. 

2.1. Form and Dating. The Notes will be offered and sold by the Issuer, from time to time. The Notes will be resold initially only to
QIBs in reliance on Rule 144A 

  
 Appendix A-1 

 
under the Securities Act (“Rule 144A”) and in reliance on Regulation S under the Securities Act (“Regulation S”). The Notes may thereafter be transferred to,
among others, QIBs and purchasers in reliance on Regulation S, subject to the restrictions on transfer set forth herein and in the legend on the certificates representing the Global Notes and the Definitive Notes set forth below. 

(a) Global Notes. The Notes initially resold pursuant to Rule 144A shall be issued initially in the form of one or more permanent
global Notes in definitive, fully registered form (collectively, the “Rule 144A Global Note”) with the restricted securities legend set forth in Exhibit A to this Indenture, and Notes initially resold pursuant to Regulation S shall
be issued initially in the form of one or more permanent global Notes in definitive, fully registered form with the global securities legend and the applicable restricted securities legend set forth in Exhibit A to this Indenture (the
“Regulation S Global Note”) or with such other legends as may be appropriate. Except as set forth in this Section 2.1(a) and Section 2.3(b) hereof, beneficial ownership interest in a Regulation S Global Note will be
exchangeable for interests in a Rule 144A Global Note or a Definitive Note in registered certificated form only after the expiration of the Distribution Compliance Period and then only (i) upon certification that beneficial ownership interests
in such Regulation S Global Note are owned either by non-U.S. persons or U.S. persons who purchased such interests in a transaction that did not require registration under the Securities Act and (ii) in
the case of an exchange for a Definitive Note, in compliance with the requirements set forth in Section 2.4, in each case without interest coupons and with the global securities legend and restricted securities legend set forth in Exhibit A to
this Indenture, which shall be deposited on behalf of the purchasers of the Notes represented thereby with the Notes Custodian, and registered in the name of the applicable Depositary or a nominee of the applicable Depositary, duly executed by the
Issuer and authenticated by the Trustee or the Authentication Agent as provided in this Indenture. The Rule 144A Global Note and Regulation S Global Note are collectively referred to herein as “Global Notes.” The aggregate principal
amount of the Global Notes may from time to time be increased or decreased by adjustments made on the records of the Trustee and the applicable Depositary or its nominee as hereinafter provided. 

(b) Book-Entry Provisions. This Section 2.1(b) shall apply only to a Global Note deposited with or on behalf of the
applicable Depositary. 
 The Issuer shall execute and the Trustee shall, in accordance with this Section 2.1(b) and pursuant to an
order of the Issuer, authenticate and deliver initially one or more Global Notes that (a) shall be registered in the name of the applicable Depositary for such Global Note or Global Notes or the nominee of such Depositary and (b) shall be
delivered by the Trustee to such Depositary or pursuant to such Depositary’s instructions or held by the Trustee as Notes Custodian. 

Members of, or participants, in the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to
any Global Note held on their behalf by the Depositary or by the Trustee as Notes Custodian or under such Global Note, and the Depositary may be treated by the Issuer, the Trustee and any agent of the Issuer or the

  
 Appendix A-2 

 
Trustee as the absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Issuer, the Trustee or any agent of the Issuer or
the Trustee from giving effect to any written certification, proxy or other authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of customary practices of such Depositary governing the
exercise of the rights of a holder of a beneficial interest in any Global Note. 
 (c) Definitive Notes. Except as provided in
Section 2.3 or Section 2.4 hereof, owners of beneficial interests in Global Notes will not be entitled to receive physical delivery of Definitive Notes. 

2.2. Authentication. The Trustee or Authentication Agent shall authenticate and deliver Notes in accordance with Section 2.03 of
this Indenture. 
 2.3. Transfer and Exchange. (a) Transfer and Exchange of Definitive Notes. When Definitive Notes are
presented to the Registrar or a co-registrar with a request: 
 (x) to register the transfer of such
Definitive Notes; or 
 (y) to exchange such Definitive Notes for an equal principal amount of Definitive Notes of other authorized
denominations, the Registrar or co-registrar shall register the transfer or make the exchange as requested if its reasonable requirements for such transaction are met; provided, however, that the
Definitive Notes surrendered for transfer or exchange: 
 (i) shall be duly endorsed or accompanied by a written instrument
of transfer in form reasonably satisfactory to the Issuer and the Registrar or co-registrar, duly executed by the Holder thereof or his attorney duly authorized in writing; and 

(ii) if such Definitive Notes bear a restricted securities legend, they are being transferred or exchanged pursuant to an
effective registration statement under the Securities Act or pursuant to clause (A), (B) or (C) below, and are accompanied by the following additional information and documents, as applicable: 

(A) if such Definitive Notes are being delivered to the Registrar by a Holder for registration in the name of such Holder,
without transfer, a certification from such Holder to that effect; or 
 (B) if such Definitive Notes are being transferred
to the Issuer, a certification to that effect; or 
 (C) if such Definitive Notes are being transferred pursuant to an
exemption from registration in accordance with Rule 144 under the Securities Act, (i) a certification to that effect and (ii) an opinion of counsel or other evidence reasonably satisfactory to the Issuer and the

  
 Appendix A-3 

 
Trustee as to the compliance with the restrictions set forth in the legend set forth in Section 2.3(c)(i). 

(b) Transfer and Exchange of Global Notes. 

(i) The transfer and exchange of Global Notes or beneficial interests therein shall be effected through the applicable
Depositary, in accordance with this Indenture (including applicable restrictions on transfer set forth herein, if any) and the procedures of the Depositary therefor. A transferor of a beneficial interest in a Global Note shall deliver a written
order given in accordance with the Depositary’s procedures containing information regarding the participant account of the Depositary to be credited with a beneficial interest in the Global Note and such account shall be credited in accordance
with such instructions with a beneficial interest in the Global Note and the account of the Person making the transfer shall be debited by an amount equal to the beneficial interest in the Global Note being transferred. 

(ii) If the proposed transfer is a transfer of a beneficial interest in one Global Note to a beneficial interest in another
Global Note, the Registrar shall reflect on its books and records the date and an increase in the principal amount of the Global Note to which such interest is being transferred in an amount equal to the principal amount of the interest to be so
transferred, and the Registrar shall reflect on its books and records the date and a corresponding decrease in the principal amount of the Global Note from which such interest is being transferred. 

(iii) Notwithstanding any other provisions of this Appendix A (other than the provisions set forth in Section 2.4), a
Global Note may not be transferred as a whole except by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or by the Depositary or any such nominee to a successor
Depositary or a nominee of such successor Depositary. 
 (iv) In the event that a Global Note is exchanged for Definitive
Notes pursuant to Section 2.4, such Notes may be exchanged only in accordance with such procedures as are substantially consistent with the provisions of this Section 2.3 (including the certification and other requirements set forth herein
and on the reverse of the Original Notes intended to ensure that such transfers comply with Rule 144A, Regulation S or such other applicable exemption from registration under the Securities Act, as the case may be) and such other procedures as may
from time to time be adopted by the Issuer. 
 (v) The transferor shall, to the extent required by applicable tax law, also
provide or cause to be provided to the Trustee all information that is (i) in its possession, (ii) specifically requested by the Trustee in sufficient detail to permit compliance with such request and (iii) necessary to allow the
Trustee to comply with any applicable tax reporting obligations, including without limitation any cost basis reporting obligations under Section 6045 of the Code. The Trustee may 

  
 Appendix A-4 

 
rely on the information provided to it and shall have no responsibility to verify or ensure the accuracy of such information. 

(vi) Restrictions on Transfer of Regulation S Global Notes. 

(A) During the Distribution Compliance Period, beneficial ownership interests in Regulation S Global Notes may only be sold,
pledged or transferred (i) to the Issuer, (ii) in an offshore transaction in accordance with Rule 904 of Regulation S, (iii) to QIBs pursuant to Rule 144A who take delivery in the form of a beneficial interest in the Rule 144A Global
Note or (iv) pursuant to an effective registration statement under the Securities Act, in each case in accordance with any applicable securities laws of any State of the United States; and 

(B) Beneficial interests in a Rule 144A Global Note may be transferred to a Person who takes delivery in the form of an
interest in a Regulation S Global Note, whether before or after the expiration of the Distribution Compliance Period, only if the transferor first delivers to the Trustee a written certificate to the effect that such transfer is being made in
accordance with Rule 903 or 904 of Regulation S or Rule 144 (if applicable). 
 (c) Legend. 

(i) Except as permitted by the following paragraph (ii), each certificate evidencing the Global Notes and the Definitive Notes
(and all Notes issued in exchange therefor or in substitution thereof) shall bear a legend in substantially the following form: 
 “THE
SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED
HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION
FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES FOR THE BENEFIT OF THE ISSUER THAT (A) SUCH SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED, ONLY (1)(a) INSIDE THE UNITED STATES TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED
INSTITUTIONAL 

  
 Appendix A-5 

 
BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A NON-U.S. PERSON IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF APPLICABLE) OR (d) IN
ACCORDANCE WITH ANOTHER 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 PURSUANT TO CLAUSE (b), (c) OR (d) TO REQUIRE THE
DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION ACCEPTABLE TO THE ISSUER AND/OR TRUSTEE IF THE ISSUER AND/OR TRUSTEE SO REQUEST), (2) TO THE ISSUER OR (3) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT AND, IN EACH
CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY PURCHASER OF THE SECURITY EVIDENCED
HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE SECURITY EVIDENCED HEREBY. THE HOLDER HEREOF, BY PURCHASING THIS
SECURITY, REPRESENTS AND AGREES FOR THE BENEFIT OF THE ISSUER THAT IT IS (1) A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A OR (2) NOT A U.S. PERSON AND IS OUTSIDE OF THE UNITED STATES WITHIN THE MEANING OF (OR AN ACCOUNT
SATISFYING THE REQUIREMENTS OF PARAGRAPH (k)(2)(i) OF RULE 902 UNDER) REGULATION S UNDER THE SECURITIES ACT.” 
 Each Definitive Note
will also bear the following additional legend: 
 “IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR SUCH
CERTIFICATES AND OTHER INFORMATION AS SUCH REGISTRAR MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.” 

(ii) Upon any sale or transfer of a Transfer Restricted Note (including any Transfer Restricted Note represented by a Global
Note) pursuant to Rule 144 under the Securities Act: 
 (A) in the case of any Transfer Restricted Note that is a Definitive
Note, the Registrar shall permit the Holder thereof to exchange such Transfer Restricted Note for a Note that does not bear the legends set forth above and rescind any restriction on the transfer of such Transfer

  
 Appendix A-6 

 
Restricted Note if, and to the extent, no resale restrictions under such Rule shall continue to apply; and 

(B) in the case of any Transfer Restricted Note that is represented by a Global Note, the Registrar shall permit the Holder
thereof to exchange such Transfer Restricted Note for a Note that does not bear the legends set forth above and rescind any restriction on the transfer of such Transfer Restricted Note if, and to the extent, no resale restrictions under such Rule
shall continue to apply, 
 in either case, if the Holder certifies in writing to the Registrar that its request for such exchange was made in reliance on
Rule 144 (such certification to be in the form set forth on the reverse of the Note) and complies with the requirement to provide such legal opinions, certifications and other information as the Issuer has reasonably requested as set forth in such
form on the reverse of the Note. 
 (d) Cancellation or Adjustment of Global Note. At such time as all beneficial interests in a
Global Note have either been exchanged for Definitive Notes, redeemed, repurchased or canceled, such Global Note shall be returned by the Depositary to the Trustee for cancellation pursuant to its customary practice. 

At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for Definitive Notes, 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) or the applicable Notes
Custodian with respect to such Global Note, by the Trustee or the Notes Custodian, as applicable, to reflect such reduction. 
 (e)
Obligations with Respect to Transfers and Exchanges of Notes. 
 (i) To permit registrations of transfers and
exchanges, the Issuer shall execute and the Trustee shall authenticate Definitive Notes and Global Notes at the Registrar’s or co-registrar’s request. 

(ii) No service charge shall be made for any registration of transfer or exchange, but the Issuer may require payment of 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 charge payable upon exchange or transfer pursuant to Sections
3.06 and 9.05 of this Indenture). 
 (iii) The Registrar or co-registrar shall not be
required to register the transfer of or exchange of any Note for a period beginning 15 calendar days before (a) the record date for any payment of interest on the Notes, (b) any date fixed for redemption of the Notes or (c) the date
fixed for selection of the Notes to be redeemed in part. Also, the Registrar or co-registrar shall not be required to register the transfer or exchange of any Notes selected for redemption. In the event of the
transfer of any Note, the transfer agent may require a holder, among 

  
 Appendix A-7 

 
other things, to furnish appropriate endorsements and transfer documents as described in this Indenture. Issuer may require a holder to pay any taxes and fees required by law and permitted by
this Indenture and the Notes. 
 (iv) Prior to the due presentation for registration of transfer of any Note, the Issuer, the
Trustee, the Paying Agent, the Registrar or any co-registrar may deem and treat the person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of
principal of and interest on such Note and for all other purposes whatsoever, whether or not such Note is overdue, and none of the Issuer, the Trustee, the Paying Agent, the Registrar or any co-registrar shall
be affected by notice to the contrary. 
 (v) 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. 

(f) No Obligation of the Trustee. 

(i) The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member of, or a
participant in the Depositary or any other Person with respect to the accuracy of the records of the Depositary 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 the Depositary) of any notice (including any notice of redemption or repurchase) or the payment of any amount, 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 under the Notes shall be given or made only to the registered Holders (which shall be the Depositary or its nominee in the case of a Global Note). The rights of
beneficial owners in any Global Note shall be exercised only through the Depositary subject to the applicable rules and procedures of the Depositary. The Trustee may rely and shall be fully protected in relying upon information furnished by the
Depositary with respect to its members, participants and any beneficial owners. 
 (ii) The Trustee shall have no obligation
or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among
Depositary participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the terms
of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

  
 Appendix A-8 

 2.4. Definitive Notes. 

(a) A Global Note deposited with the Depositary or with the Trustee as Notes Custodian pursuant to Section 2.1 shall be transferred (or,
in the case of clause (ii) below, shall be transferrable) to the beneficial owners thereof in the form of Definitive Notes in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note,
only if such transfer complies with Section 2.3 and (i) the Depositary notifies the Issuer that it is unwilling or unable to continue as a Depositary for such Global Note or if at any time the Depositary ceases to be a “clearing
agency” registered under the Exchange Act, and a successor Depositary is not appointed by the Issuer within 120 days of such notice, or (ii) an Event of Default has occurred or is continuing and the beneficial owner of a Global Note
deposited with the Depositary requests such exchange in writing delivered through the Depositary. 
 (b) Any Global Note that is
transferable to the beneficial owners thereof pursuant to this Section 2.4 shall be surrendered by the Depositary to the Trustee, to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate
and deliver, upon such transfer of each portion of such Global Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. Definitive Notes issued in exchange for any portion of a Global Note transferred pursuant to
this Section shall be executed, authenticated and delivered only in denominations of $2,000 and any integral multiples of $1,000 in excess thereof and registered in such names as the Depositary shall direct. Any Definitive Note delivered in exchange
for an interest in the Global Note shall bear the restricted securities legend set forth in Section 2.3(c)(i). 
 (c) 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 that a Holder is entitled to take under this Indenture or the Notes.

 (d) In the event of the occurrence of any of the events specified in Section 2.4(a)(i) or (ii), the Issuer will promptly make
available to the Trustee a reasonable supply of Definitive Notes in definitive, fully registered form without interest coupons. 

  
 Appendix A-9 

 EXHIBIT A 

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

“THE SECURITY (OR ITS PREDECESSOR) EVIDENCED HEREBY WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER SECTION 5 OF
THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THE SECURITY EVIDENCED HEREBY MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH
PURCHASER OF THE SECURITY EVIDENCED HEREBY IS HEREBY NOTIFIED THAT THE SELLER MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. THE HOLDER OF THE SECURITY EVIDENCED HEREBY AGREES
FOR THE BENEFIT OF THE ISSUER THAT (A) SUCH SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (1)(a) INSIDE THE UNITED STATES TO A PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN
RULE 144A UNDER THE SECURITIES ACT) PURCHASING FOR ITS OWN ACCOUNT OR FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A UNDER THE SECURITIES ACT, (b) OUTSIDE THE UNITED STATES TO A NON-U.S. PERSON IN A TRANSACTION MEETING 

  
 A-1 

 
THE REQUIREMENTS OF RULE 903 OR RULE 904 OF REGULATION S UNDER THE SECURITIES ACT, (c) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF
APPLICABLE) OR (d) IN ACCORDANCE WITH ANOTHER EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT(SUBJECT TO THE ISSUER’S AND THE RIGHT OF THE ISSUER AND/OR THE TRUSTEE PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO
CLAUSE (b), (c) OR (d) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION ACCEPTABLE TO THE ISSUER AND/OR THE TRUSTEE, IF THE ISSUER OR THE TRUSTEE SO REQUESTS), (2) TO THE ISSUER OR (3) PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT AND, IN EACH CASE, IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES OR ANY OTHER APPLICABLE JURISDICTION AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO,
NOTIFY ANY PURCHASER OF THE SECURITY EVIDENCED HEREBY OF THE RESALE RESTRICTIONS SET FORTH IN CLAUSE (A) ABOVE. NO REPRESENTATION CAN BE MADE AS TO THE AVAILABILITY OF THE EXEMPTION PROVIDED BY RULE 144 FOR RESALE OF THE SECURITY EVIDENCED
HEREBY. THE HOLDER HEREOF, BY PURCHASING THIS SECURITY, REPRESENTS AND AGREES FOR THE BENEFIT OF THE ISSUER THAT IT IS (1) A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A OR (2) NOT A U.S. PERSON AND IS OUTSIDE OF THE
UNITED STATES WITHIN THE MEANING OF (OR AN ACCOUNT SATISFYING THE REQUIREMENTS OF PARAGRAPH (k)(2)(i) OF RULE 902 UNDER) REGULATION S UNDER THE SECURITIES ACT.” 

[Definitive Notes Legend] 
 IN
CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS.

  
 A-2 

 [FORM OF FACE OF NOTE] 

 

			
	No. [    ]	  	$

 4.375% Senior Notes due 2029 

CUSIP No. 29272WAD1 / U29195AE1 

ISIN No. US29272WAD11 / USU29195AE19 

ENERGIZER HOLDINGS, INC., a Missouri corporation, promises to pay to __________, or registered assigns, the principal sum [of
[    ] Dollars ($ )](1) [as set forth on the Schedule of Increases and Decreases annexed hereto](2) on March 31, 2029. 

Interest Payment Dates: March 31 and September 30. 

Record Dates: March 15 and September 15. 

 

	(1)	 Insert for Definitive Securities 

	(2)	 Insert for Global Securities 

  
 A-3 

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

 

			
	 ENERGIZER HOLDINGS,
INC.

 
			
		
	 By:
	 	 
		 	 Name:

		 	 Title:

		
	 By:
	 	 
		 	 Name:

		 	 Title:

  
 A-4 

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

Dated: 
  

			
	THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A., as Trustee, certifies that this is one of the Notes referred
to in the Indenture.
		
	By:	 	 
		 	Authorized Signatory

  
 A-5 

 [FORM OF REVERSE SIDE OF NOTE] 

4.375% Senior Notes due 2029 
  

	1.	 Interest 

ENERGIZER HOLDINGS, INC., a Missouri corporation (such corporation, and its successors and assigns under the Indenture hereinafter referred to,
being herein called the “Issuer”), promises to pay interest on the principal amount of this 4.375% Senior Note due 2029 (this “Note” and, together with any other 4.375% Senior Notes due 2029, the
“Notes”) at the rate per annum shown above. The Issuer will pay interest semiannually on March 31 and September 30 each year, commencing March 31, 2021. Interest on the Notes will accrue from the most recent date to
which interest has been paid or, if no interest has been paid, from September 30, 2020. Interest shall be computed on the basis of a 360-day year of twelve 30-day
months. The Issuer shall pay interest on overdue principal at the rate borne by the Notes plus 1% per annum, and it shall pay interest on overdue installments of interest at the rate borne by the Notes to the extent lawful. 

 

	2.	 Method of Payment 

The Issuer will pay interest on the Notes (except defaulted interest) to the Persons who are registered Holders of Notes at the close of
business on the March 15 or September 15 next preceding the interest payment date even if Notes are canceled after the record date and on or before the interest payment date. Holders must surrender Notes to a Paying Agent to collect
principal payments. The Issuer will pay principal and interest in money of the United States that at the time of payment is legal tender for payment of public and private debts. Payments in respect of the Notes represented by a Global Note
(including principal, premium and interest) will be made by wire transfer of immediately available funds to the accounts specified by The Depository Trust Company. The Issuer will make all payments in respect of a Definitive Note (including
principal, premium and interest), by mailing a check to the registered address of each Holder thereof; provided, however, that payments on the Notes may also be made, in the case of a Holder of at least $1,000,000 aggregate principal
amount of Notes, 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 30 days immediately preceding the relevant due date for payment (or such other date as the Trustee may accept in its discretion). 
  

	3.	 Paying Agent and Registrar 

Initially, The Bank of New York Mellon Trust Company, N.A. (the “Trustee”) will act as Paying Agent and Registrar. The Issuer
may appoint and change any Paying Agent, Registrar or co-registrar without notice. The Issuer (as defined in the Indenture) or any of its domestically incorporated Subsidiaries may act as Paying Agent,
Registrar or co-registrar. 

  
 A-6 

	4.	 Indenture; Note Guarantee 

The Issuer issued the Notes under an Indenture, dated as of September 30, 2020 (the “Indenture”), among the Issuer, the
Guarantors party thereto from time to time and the Trustee. The terms of the Notes include those stated in the Indenture. Terms defined in the Indenture and not defined herein have the meanings ascribed thereto in the Indenture. The Notes are
subject to all such terms, and Noteholders are referred to the Indenture for a statement of those terms. This Note is guaranteed, as set forth in the Indenture. 

The Indenture imposes certain limitations on the ability of the Issuer and its Restricted Subsidiaries to, among other things, make certain
Investments and other Restricted Payments, pay dividends and other distributions, incur Debt, enter into consensual restrictions upon the payment of certain dividends and distributions by such Restricted Subsidiaries, issue or sell shares of capital
stock of such Restricted Subsidiaries, enter into or permit certain transactions with Affiliates, create or incur Liens and make Asset Sales. The Indenture also imposes limitations on the ability of the Issuer and the Guarantors to consolidate or
merge with or into any other Person or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all of the Property of the Issuer or the Guarantors. 

To the extent permitted by applicable law, in the event of any inconsistency between the terms of the Note and the terms of the Indenture, the
terms of the Indenture shall control. 
 The Guarantors shall jointly and severally guarantee the Notes pursuant to the terms of the
Indenture. 
  

	5.	 Optional Redemption 

(a) Except as set forth below, the Notes may not be redeemed at the option of the Issuer prior to September 30, 2023. On and after
September 30, 2023, the Issuer may, at its option, redeem all or any portion of the Notes, at once or over time, upon not less than 30 days nor more than 60 days prior notice. The Notes may be redeemed at the redemption prices as set forth
below, plus accrued and unpaid interest, if any, to, but excluding, the 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), calculated by the Issuer.
The following prices are for Notes redeemed during the 12-month period commencing on September 30 of the years set forth below, and are expressed as percentages of principal amount: 

 

					
	 Period
	  	Redemption Price	 
	 2023
	  	 	102.188	% 
	 2024
	  	 	101.094	% 
	 2025 and thereafter
	  	 	100.000	% 

  
 A-7 

 (b) Notwithstanding the foregoing, at any time and from time to time prior to
September 30, 2023 the Issuer may, on any one or more occasions, redeem up to a maximum of 40% of the original aggregate principal amount of the Notes issued (including Additional Notes, if any) with the proceeds from one or more Equity
Offerings by the Issuer, at a redemption price equal to 104.375% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the 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); provided, however, that immediately after giving effect to any such redemption, at least 60% of the original aggregate principal amount of the Notes (including Additional
Notes, if any) remains outstanding. Any such redemption shall be made within 90 days of such Equity Offering upon not less than 30 and no more than 60 days’ prior notice. 

(c) Notwithstanding the foregoing, the Issuer may choose to redeem all or any portion of the Notes, at once or over time, prior to
September 30, 2023. If it does so, it may redeem the Notes upon not less than 30 days nor more than 60 days prior notice. To redeem the Notes, the Issuer must pay a redemption price equal to the sum of: 

(i) 100% of the principal amount of the Notes to be redeemed, plus 

(ii) the Applicable Premium, 

plus accrued and unpaid interest, if any, to, but excluding, the 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). 
 The Issuer shall have the right to redeem the Notes at 101% of the principal
amount thereof, plus accrued and unpaid interest, if any, following the consummation of a Change of Control if at least 90% of the Notes outstanding prior to such consummation are purchased pursuant to a Change of Control Offer with respect to such
Change of Control. 
 Any notice to Holders of Notes of such a redemption needs to include the appropriate calculation of the redemption
price, but does not need to include the redemption price itself. The actual redemption price, calculated as described above, must be set forth in an Officers’ Certificate delivered to the Trustee no later than two Business Days prior to the
Redemption Date. 
 If the optional Redemption Date is on or after an interest record date and on or before the related interest payment
date, the accrued and unpaid interest, if any, will be paid to the Person in whose name the Note is registered at the close of business, on such record date. In the case of any partial redemption, the Trustee will select Notes for redemption by lot;
provided that if the Notes are in global form, interests in such global notes will be selected for redemption by DTC in accordance with its standard procedures therefor, although no Note of $2,000 in original principal amount or less will be
redeemed in part. If any Note is to be redeemed in part only, the notice of redemption relating to such Note will state the portion of the principal amount thereof to be 

  
 A-8 

 
redeemed. A new Note in principal amount equal to the unredeemed portion thereof will be issued in the name of the Holder thereof upon cancellation of the original Note. 

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

(a) 1.0% of the principal amount of such Note; and 

(b) the excess, if any, of (i) the present value on such Redemption Date of (A) the redemption price of such Notes on
September 30, 2023 (such redemption price being that described in clause (a) of this paragraph 5), plus (B) all required remaining scheduled interest payments due on such Note through September 30, 2023 computed using a
discount rate equal to the Treasury Rate plus 50 basis points, over (ii) the principal amount of such Note. 
 “Treasury
Rate” means, as obtained by the Issuer, as of any Redemption Date, the yield to maturity as of such Redemption Date of United States Treasury securities with a constant maturity (as compiled and published in the most recent Selected
Interest Rates (Daily)-H.15 release of the Board of Governors of the Federal Reserve System that has become publicly available at least two Business Days prior to the Redemption Date (or, in the case of a
satisfaction and discharge or defeasance, two Business Days prior to the date on which funds are deposited with the Trustee) (or, if such release is no longer published, any publicly available source of similar market data)) most nearly equal to the
period from such Redemption Date to September 30, 2023; provided, however, that if the period from such Redemption Date to September 30, 2023 is less than one year, the weekly average yield on actually traded United States
Treasury securities adjusted to a constant maturity of one year will be used. 
  

	6.	 Notice of Optional Redemption 

Notice of redemption will be mailed by first-class mail and in the case of Notes held in book-entry form, by electronic transmission at least
30 days but not more than 60 days before the Redemption Date to each Holder of Notes to be redeemed at his or her registered address. Any notice to Holders of Notes of such a redemption pursuant to clause (c) in paragraph 5 needs to include the
appropriate calculation of the redemption price, but does not need to include the redemption price itself. The actual redemption price, calculated as described in such clause (c), must be set forth in an Officers’ Certificate delivered to the
Trustee no later than two Business Days prior to the Redemption Date. Notes in denominations larger than $2,000 may be redeemed in part but only in whole multiples of $1,000. If money sufficient to pay the redemption price of and accrued interest on
all Notes (or portions thereof) to be redeemed on the Redemption Date is deposited with the Paying Agent on or before the Redemption Date, on and after such date interest ceases to accrue on such Notes (or such portions thereof) called for
redemption. 
 Any redemption or notice of redemption issued pursuant to paragraph 5 may, in the Issuer’s discretion, be subject
to one or more conditions precedent. 

  
 A-9 

	7.	 Sinking Fund 

The Notes are not subject to any sinking fund. 
  

	8.	 Repurchase of Notes at the Option of Holders upon Change of Control 

Upon a Change of Control, any Holder of Notes will have the right, subject to certain conditions specified in the Indenture, to cause the
Issuer to repurchase all or any part of the Notes of such Holder at a purchase price equal to 101% of the principal amount of the Notes to be repurchased 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. 

 

	9.	 Denominations; Transfer; Exchange 

The Notes are in definitive, fully registered form without coupons, in denominations of $2,000 and integral multiples of $1,000 in excess
thereof. A Holder may transfer or exchange Notes in accordance with the Indenture. Upon any transfer or exchange, the Registrar and the Trustee may require a Holder, among other things, to furnish appropriate endorsements or transfer documents and
to pay any taxes required by law or permitted by the Indenture. The Registrar or co-registrar shall not be required to register the transfer of or exchange of any Note for a period beginning 15 calendar days
before (a) the record date for any payment of interest on the Notes, (b) any date fixed for redemption of the Notes or (c) the date fixed for selection of the Notes to be redeemed in part. Also, the Registrar or co-registrar shall not be required to register the transfer or exchange of any Notes selected for redemption. 
  

	10.	 Persons Deemed Owners 

The registered Holder of this Note may be treated as the owner of it for all purposes. 

 

	11.	 Unclaimed Money 

Subject to any applicable abandoned property law, if money for the payment of principal or interest remains unclaimed for two years, the
Trustee or Paying Agent shall pay the money back to the Issuer at its written request unless an abandoned property law designates another Person. After any such payment, Holders entitled to the money must look only to the Issuer and not to the
Trustee for payment. 
  

	12.	 Discharge and Defeasance 

Subject to certain conditions, the Issuer at any time may terminate some of or all its obligations under the Notes and the Indenture if the
Issuer deposits with the Trustee money in U.S. Dollars or U.S. Government Obligations for the payment of principal of and interest (including premium, if any) on the Notes, in each case to redemption or maturity. 

  
 A-10 

	13.	 Amendment, Waiver 

The Indenture and the Notes may be amended and supplemented as provided in the Indenture. 

 

	14.	 Defaults and Remedies 

If an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of Notes then
outstanding, subject to certain limitations, may declare all the Notes to be immediately due and payable. Certain events of bankruptcy or insolvency are Events of Default and shall result in the Notes being immediately due and payable upon the
occurrence of such Events of Default without any further act of the Trustee or any Holder. 
 Holders of Notes may not enforce the Indenture
or the Notes except as provided in the Indenture. The Trustee may refuse to enforce the Indenture or the Notes unless it receives indemnity and/or security satisfactory to it. Subject to certain limitations, Holders of a majority in aggregate
principal amount of the Notes then outstanding may direct the Trustee in its exercise of any trust or power under the Indenture. The Holders of a majority in aggregate principal amount of the Notes then outstanding, by written notice to the Issuer
and the Trustee, may rescind and annul any declaration of acceleration and its consequences except a Default in the payment of the principal of or interest on a Note or a Default in respect of a provision that under the Indenture cannot be amended
without the consent of each Noteholder adversely affected. 
  

	15.	 Trustee Dealings with the Issuer 

The Trustee under the Indenture, in its individual or any other capacity, may become the owner or pledgee of Notes and may otherwise deal with
and collect obligations owed to it by the Issuer or its Affiliates and may otherwise deal with the Issuer or its Affiliates with the same rights it would have if it were not Trustee. 

 

	16.	 No Recourse Against Others 

No past, present or future director, officer, employee or shareholder, as such, of the Issuer or any Guarantor shall have any liability for any
obligations of the Issuer or any Guarantor under the Notes, this Indenture or any Note Guarantee or for any claim based on, in respect of or by reason of such obligations or their creation. By accepting a Note, each Noteholder shall waive and
release all such liability. The waiver and release shall be part of the consideration for the issue of the Notes. 
  

	17.	 Authentication 

This Note shall not be valid until an authorized signatory of the Trustee (or an authenticating agent) manually signs the certificate of
authentication on the other side of this Note. 

  
 A-11 

	18.	 Abbreviations 

Customary abbreviations may be used in the name of a Noteholder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entireties), 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.	 Governing Law/Waiver of Trial by Jury; Submission to Jurisdiction 

THIS NOTE AND ANY CLAIM, CONTROVERSY OR DISPUTE RELATING TO OR ARISING OUT OF NOTE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. EACH OF THE PARTIES HERETO AND EACH HOLDER OF
NOTES BY ITS ACCEPTANCE THEREOF IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

The parties irrevocably submit to the non-exclusive jurisdiction of any New York State or federal
court sitting in the Borough of Manhattan, City of New York, over any suit, action or proceeding arising out of or relating to this Indenture. To the fullest extent permitted by applicable law, the parties irrevocably waive and agree not to assert,
by way of motion, as a defense or otherwise, any claim that it is not subject to the jurisdiction of any such court, any objection that it may now or hereafter have to the laying of the venue of any such suit, action or proceeding brought in any
such court and any claim that any such suit, action or proceeding brought in any such court has been brought in an inconvenient forum. 
  

	20.	 CUSIP Numbers 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to
be printed on the Notes and has directed the Trustee to use CUSIP numbers in notices of redemption as a convenience to Noteholders. To the extent such numbers have been issued, the Issuer has caused ISIN and Common Code numbers to be similarly
printed on the Notes and has similarly instructed the Trustee. No representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other
identification numbers placed thereon. 
 The Issuer will furnish to any Holder of Notes upon written request and without charge to the
Holder a copy of the Indenture which has in it the text of this Note. 
 All capitalized terms used but not defined in this Note
shall have the meanings assigned to them in the Indenture. 

  
 A-12 

 ENERGIZER HOLDINGS, INC. 4.375% SENIOR NOTES DUE 2029 

ASSIGNMENT FORM 
 To assign this Note, fill in the
form below: 
 I or we assign and transfer this Note to 

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

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

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

 

									
	 Date:
	 	 	 		  	 Your Signature:
	 	 
		 		 		  		 	Sign exactly as your name appears on the other side of this note

 In connection with any transfer of any of the Notes evidenced by this certificate occurring while this Note is a Transfer
Restricted Note, the undersigned confirms that such Notes are being transferred in accordance with its terms: 
 CHECK ONE BOX BELOW 

 

	(1)    ☐	 To the Issuer; or 

  

	(2)    ☐	 Pursuant to an effective registration statement under the Securities Act of 1933; or 

 

	(3)    ☐	 Inside the United States to a “qualified institutional buyer” (as defined in Rule 144A under the
Securities Act of 1933) that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to and in compliance with Rule
144A under the Securities Act of 1933; or 

  

	(4)    ☐	 Outside the United States in an offshore transaction within the meaning of Regulation S under the Securities
Act in compliance with Rule 904 under the Securities Act of 1933; or 

  

	(5)    ☐	 Pursuant to another available exemption from registration provided by Rule 144 under the Securities Act of
1933. 

  

	(6)    ☐	 Pursuant to another available exemption from registration requirements of the Securities Act of 1933.

  
 A-13 

 Unless one of the boxes is checked, the Trustee will refuse to register any of the Notes evidenced by this
certificate in the name of any person other than the registered Holder thereof; provided, however, that if box (4), (5) or (6) is checked, the Trustee or the Issuer may require, prior to registering any such transfer of the Notes,
such legal opinions, certifications and other information as the Issuer has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the
Securities Act of 1933. 

  
 A-14 

			
		  	 
		  	Your Signature

  

			
	Signature Guarantee: 	 	 
		 	Signature must be guaranteed by a participant in a recognized signature guarantee medallion program or other signature guarantor acceptable to the Trustee

  

							
	Date:	 	  
	 	 	 	  

		 		 		 	Signature of Signature Guarantee

  
 A-15 

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

The undersigned represents and warrants that it is purchasing this Note for its own account or an account with respect to which it exercises
sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, and is aware that the sale to it is being made in reliance on Rule 144A and
acknowledges that it has received such information regarding the Issuer 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. 
  

							
	Date:	 	  
	 	 	 	  

		 		 		 	NOTICE: To be executed by an executive officer

  
 A-16 

 [TO BE ATTACHED TO GLOBAL NOTES] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

The initial principal amount of this Global Note is
$[                ]. 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-17 

 ENERGIZER HOLDINGS, INC. 4.375% SENIOR NOTES DUE 2029 

OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Issuer pursuant to Section 4.07 (Asset Sale) or Section 4.12 (Change of
Control) of the Indenture, check the box: ☐ 
 If you want to elect to have only part of this Note purchased by the Issuer pursuant to
Section 4.07 or Section 4.12 of the Indenture, state the amount: 
  

							
	$	 		  		  	
				
	Date:	 	 	  		  	 
		 		  		  	(Sign exactly as your name appears on the other side of the Note) Signature Guarantee:

  

			
	Signature Guarantee:	  	 
		  	Signature must be guaranteed by a participant in a recognized signature guarantee medallion program or other signature guarantor acceptable to the Trustee

  

							
	Date:	 	 	  		  	 
		 		  		  	Signature of Signature Guarantee

  
 A-18 

 EXHIBIT B 

[FORM OF SUPPLEMENTAL INDENTURE FOR FUTURE GUARANTORS] 

SUPPLEMENTAL INDENTURE 
 dated as
of    , 
 among 

ENERGIZER HOLDINGS, INC. 
 The
Guarantors Party Hereto 
 and 

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

as Trustee 
 4.375% Senior Notes due
2029 

  
 B-1 

 THIS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), entered into
as of    ,among ENERGIZER HOLDINGS, INC., a Missouri corporation (the “Issuer”), [insert each Guarantor executing this Supplemental Indenture and its jurisdiction of incorporation] (each an
“Undersigned”) and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as trustee (the “Trustee”). 

RECITALS 
 WHEREAS,
Energizer Holdings, Inc. (the “Issuer”), the Guarantors party thereto and the Trustee entered into an Indenture, dated as of September 30, 2020 (the “Indenture”), relating to the Issuer’s 4.375% Senior
Notes due 2029 (the “Notes”); and 
 WHEREAS, as a condition to the Trustee entering into the Indenture and the purchase of
the Notes by the Holders, the Issuer agreed pursuant to the Indenture to cause any Domestic Restricted Subsidiary of the Issuer that is required to provide a guarantee or is a borrower under the Credit Agreement to provide a Note 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, 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 10 thereof. 
 Section 3. This
Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York, but without giving effect to applicable principles of conflicts of law to the extent that the application of the laws of another
jurisdiction would be required thereby. 
 Section 4. This Supplemental Indenture may be signed in various counterparts which together
will constitute one and the same instrument. Delivery of an executed signature page by facsimile or electronic transmission (e.g. “pdf” or “tif”), or any electronic signature complying with the U.S. federal ESIGN Act of 2000,
Uniform Electronic Transactions Act or other applicable law, e.g., www.docusign.com, shall be effective as delivery of a manually executed counterpart hereof. 

Section 5. This Supplemental Indenture is an amendment supplemental to the Indenture, and the Indenture and this Supplemental Indenture
will henceforth be read together. 
 Section 6. The recitals and statements herein are deemed to be those of the Issuer and the
Undersigned and not the Trustee. The Trustee shall not be responsible in 

  
 B-2 

 
any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture or the Note Guarantees provided by the Guarantors party to this Supplemental Indenture. 

Section 7. All notices or other communications to the Issuer and the Guarantors shall be given as provided in Section 11.02 of the
Indenture. 

  
 B-3 

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

			
	ENERGIZER HOLDINGS, INC., as Issuer
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	[GUARANTOR(S)]
		
	By:	 	 
		 	Name:
		 	Title:

  

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

		
	By:	 	 
		 	Name:
		 	Title:

  
 B-4

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